1) Previous year''s figures have been regrouped / reclassified, wherever
 necessary to make them comparable with the figures of the current year
 financial statements.
 
                                                            (Rs. in crore)
 
                                               2010-11          2009-10
 
 2) Contingent liabilities in respect of :- 
 
 a) Amount of claims of certain retrenched 
    employees                                 Amount not      Amount not
    for re-instatement with back wages        ascertained    ascertained
 
 b) Corporate guarantees given to 
    Banks/Institutions                            44.62          205.22
 
 c) Performance guarantees given to 
    customers by bankers                          16.41           30.38
 
 d) Disputed demand not acknowledged as 
    debt against which the Company
    has preferred appeal
 
    Income Tax                                    12.97           11.71
 
    Sale Tax                                       2.35             –
 
 3) The Scheme of Arrangement (the Scheme) between the Company and its
 equity Shareholders was approved by the Board of Directors vide its
 resolution dated June 30, 2008, by the Shareholders in their Court
 convened meeting held on September 15, 2008 and by the Honourable High
 Court of Gujarat vide its order dated March 25, 2009. The Appointed
 Date of Scheme was April 1, 2008. The Company filed the Order with the
 Registrar of Companies, Gujarat on April 14, 2009 within the time
 specified in the order and the Scheme had been given effect to in
 the previous year''s financial statements. Accordingly, as per the
 Scheme, from the said date, the Company earmarked Rs.200 crore from
 Securities Premium Reserve to International Business Development
 Reserve Account (the IBDR).
 
 As per the Scheme, the balance of IBDR so earmarked is available
 towards such expenses as specified under the Scheme. Accordingly,
 during the year, the Company has adjusted against the earmarked balance
 of IBDR an amount of of Rs.46.47 crore (previous year Rs.10.53 crore) being
 such specified expenses as per the Scheme. The said accounting
 treatment has been followed as prescribed under the Scheme and it has
 no impact on the profit for the year, as per the Scheme.
 
 4) The Company issued Zero Coupon Foreign Currency Convertible Bonds
 (FCCBs) aggregating to US$ 225 million on March 12, 2008 for
 financing foreign currency expenditure for expansion plans in existing
 businesses, investments in overseas joint ventures and/or wholly owned
 subsidiaries, international acquisitions and others.
 
 As per the terms & conditions of the Offering Circular dated March 12,
 2008, the Conversion Price of FCCBs is reset at Rs.246.50 from Rs.290.00
 per equity share of Rs.1 each on March 12, 2010.
 
 5) ESOP
 
 i) The Company initiated the Sintex Industries Limited Employee Stock
 Option Scheme, 2006 (the Scheme) for all eligible employees in
 pursuance of the special resolution approved by the Shareholders in the
 Extraordinary General Meeting held on February 24, 2006. The Scheme
 covers all directors and employees (except promoters or those belong to
 the promoters'' group) of the Company and directors and employees of all
 its subsidiaries. Under the Scheme, the Compensation Committee of the
 Board (the Committee) administers the Scheme and grants stock options
 to eligible directors or employees of the Company and its subsidiaries.
 The Committee determines the employees eligible for receiving the
 options and the number of options to be granted subject to overall
 limit of 10,000 options per annum for each employee. The vesting period
 is at the expiry of thirty six months from the date of the grant of
 option. The Committee has decided the exercise price of Rs.91.70 per
 equity share of Rs.2 each as per clause 8.1 of SEBI (Employees Stock
 Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.
 
 ii) The Company has given loan to Sintex Employees Welfare Trust (ESOP
 Trust) towards subscribing 10,00,000 equity shares of the Company at
 Rs.91.70 per equity share of Rs.2 each aggregating to Rs.9.17 crore. On
 August 21, 2006, the Company issued 10,00,000 equity shares of the face
 value of Rs.2 each to ESOP Trust at Rs.91.70 per equity share.
 
 iii) During the year, each equity share of Rs.2 each has been sub-divided
 into two equity shares of Rs.1 each. Hence ESOP Trust holds 20,00,000
 equity shares of the face value of Rs.1 each at Rs.45.85 per equity share.
 
 iv) During the year, 77,000 equity shares of Rs.1/- each have been
 allotted to the employees on exercise of options granted to them.
 
 6) Employee Benefits
 
 A) Defined Benefit Plans
 
 i) Actuarial gains and losses in respect of defined benefit plans are
 recognised in the Profit & Loss Account.
 
 ii) The Defined Benefit Plan comprises of Gratuity and Leave Encashment
 
 Gratuity is a benefit to an employee based on 15 days last drawn basic
 salary including dearness allowance (if any) for each completed year of
 continuous service with part thereof in excess of six months.
 
 The plan is funded through Sintex Industries Limited Employees Gratuity
 Trust Fund.
 
 a) The discount rate is based on the prevailing market yields of Indian
 Government securities as at the Balance Sheet date for the estimated
 terms of the obligations.
 
 b) Expected Rate of Return of Plan Assets : This is based on the
 expectation of the average long term rate of return expected on
 investments of the fund during the estimated term of obligations.
 
 c) Salary Escalation Rate : The estimates of future salary increases
 considered takes into account the inflation, seniority, promotion and
 other relevant factors.
 
 vii The Company has Defined Benefit Plans for Gratuity to its
 employees, contribution for which are made to Life Insurance
 Corporation of India who invests the funds as per Insurance Regulatory
 and Development Authority Guidelines.
 
 ix The contribution expected to be made by the Company during the
 financial year 2011-12 has not been ascertained.
 
 B) Defined Contribution Plans
 
 Rs. 5.49crore (previous year Rs. 4.95 crore) recognised as an expense and
 included in the Schedule 16 of Profit and Loss Account under the head
 Contributions to Provident, Superannuation and Gratuity Fund.
 
 ii) Rate of Interest for the loans and advances given to Zep Infratech
 Limited and Bright AutoPlast Limited has been decided on draw down but
 not less than prevailing bank rate
 
 B) Investment by the loanee in the shares of the Company
 
 None of the loanees and loanees of subsidiary companies have, per se,
 made investments in shares of the Company.
 
 7) Foreign currency exposure not hedged by derivative instruments as
 at March 31, 2011 amounting to Rs.1012.22 crore (previous year Rs.1027.19
 crore).
 
 8) Related Party Transactions:
 
 a) Names of related parties & description of relationship :
 
 Sr. No.  Nature of Relationship Name of Related Parties
 
 1 Associate Companies BVM Finance Pvt. Ltd.
 
 2 Key Management Personnel Shri Dinesh B. Patel, Chairman
 
 Shri Arun P. Patel, Vice-chairman Shri Rahul A. Patel, Managing
 Director Shri Amit D. Patel, Managing Director Shri S.B.Dangayach,
 Managing Director
 
 3 Subsidiaries (Control exists) Zep Infratech Limited (Formerely known
 as Zeppelin Mobile Systems India Limited)
 
 Sintex Holdings B.V.
 
 Bright AutoPlast Limited
 
 Sintex Infra Projects Limited
 
 Sintex Holdings USA, Inc.
 
 Sintex France SAS
 
 Sintex Industries UK Ltd.
 
 Sintex Austria B.V.
 
 Amarange Inc.
 
 Wasaukee Composites Inc.
 
 Wasaukee Composites Inc.- Owosso, Inc.
 
 WCI Wind Turbine Components, LLC.
 
 Nief Plastic SAS
 
 NP Hungaria kft
 
 NP Nord SAS
 
 NP Slovakia SRO
 
 NP Savoie SAS
 
 NP Tunisia SARL
 
 NP Vosges SAS
 
 Segaplast SAS
 
 Segaplast Maroc SA
 
 Siroco SAS
 
 Thermodole SAS
 
 AIP SAS
 
 Cuba City Real Estate LLC
 
 Owosso Real Estate LLC
 
 SIMOP SAS
 
 SICMO SAS
 
 SCI NP IMMO
 
 Nief Global Ltd.
 
 Wausaukee Global Ltd.
 
 c) Disclosure of Material Related Party Transactions during the year:
 
 1) Purchase of goods/services include services from Bright AutoPlast
 Ltd. Rs.12.14 crores (Previous Year Rs. Nil)
 
 2) Sale of goods/services include sale to Zep Infratech Limited Rs.0.31
 crore (Previous Year Rs. Nil), Sintex Infra Projects Ltd. Rs.20.05 crores
 (Previous Year Rs. Nil)
 
 3) Managerial Remuneration include remuneration to Shri Dinesh B. Patel
 Rs.2.76 crore (Previous Year Rs.1.53 crore), Shri Arun P. Patel Rs.2.75
 crores (Previous Year Rs.1.54 crore), Shri Rahul A. Patel Rs.2.53 crore
 (Previous Year Rs.1.77 crore), Shri Amit D. Patel Rs.2.54 crore (Previous
 Year Rs.1.79 crore), Shri S. B. Dangayach Rs.1.78 crore (Previous Year
 Rs.1.17 crore)
 
 4) Unsecured Loan/Advance Given include to Zep Infratech Ltd. Rs.12.25
 crore (Previous Year Rs.16.82 crore), Bright AutoPlast Ltd. Rs.14.07
 crore(Previous Year Rs.86.21 crore), Sintex Infra Projects Ltd. Rs.17.88
 crore (Previous Year Rs.0.50 crore). Loan returned during the year
 include from Zep Infratech Ltd. Rs.8.00 crores (Previous Year Rs.46.00
 crore), Bright AutoPlast Ltd. Rs.5.22 crore (Previous Year Rs.92.01 crore),
 SintexInfra Projects Ltd. Rs.9.50 crore (Previous Year Rs. Nil)
 
 5) Unsecured Loan/Advances Taken (Repaid) includes from Zep Infratech
 Ltd. Rs. Nil (Previous Year Rs.29.18 crore), Bright AutoPlast Ltd.  Rs. Nil
 (Previous Year Rs.5.81 crore)
 
 6) Dividend received include from Zep Infratech Limited Rs.0.65 crore
 (Previous Year Rs.0.22 crore)
 
 9) As per Accounting Standards (AS) 17 Segment Reporting, segment
 information has been provided in the Notes to Consolidated Financial
 Statements.