1.  Contingent Liabilities
 
 1.1 Claims against the Company not acknowledged as debts on account of:
 
                                                         Rs/lakhs
                                            31-Mar-2011   31-Mar-2010
 
 Income Tax                                      238.27        277.03
 
 Under Business Transfer Agreement with SRF 
 Limited for Excise Duty/Sales Tax             1,831.81      1,841.31
 
 
 1.2 Guarantees provided on behalf of wholly-owned subsidiary for
 repayment of loans and interest thereon amount to Rs 2,884.42 lakhs (Pr
 Yr Rs 6,220 lakhs).
 
 2.  The Company had entered into Non-Compete Agreements whereby the
 Company had inter-alia agreed not to engage, directly or indirectly, in
 the manufacturing and selling thereof as would compete with SRF Ltd in
 respect of Engineering Plastics and Industrial Yarn, in any country of
 the world for a period of 5 years from the date of the Business
 Transfer Agreement, i.e., 1st January 2009.
 
 3.  The Company, being a Systemically Important Core Investment Company
 under the Core Investment Companies (Reserve Bank) Directions, 2011
 issued by Reserve Bank of India, intends to apply for registration as a
 Core Investment Company.
 
 4. Directors'' Remuneration*
 The contribution to provident and superannuation funds is made to M/s
 SRF Limited which maintains separate funds administered by trusts.
 
 *The director is entitled to a fixed remuneration irrespective of the
 profits or losses in accordance with Part II Section II of Schedule
 XIII to the Companies Act, 1956.
 
 5.  Related Party Transactions
 
 (i) List of related parties and relationships:
 
 (a) Enterprises that directly, or   - KAMA Realty (Delhi) Ltd.
 indirectly through one or more      - Shri Educare Ltd.
 intermediaries, control or are      - SRF Polymers Investments Ltd.
 controlled by, or are under common    (since dissolved pursuant to
 control with,the reporting            Scheme of Arrangement)
 enterprise
 
 (b) Associates -                    - SRF Ltd.  
                                     - SRF Properties Ltd.
 
 (c) Individuals owning, directly    - Manju Bharat Ram 
 or indirectly, an interest in the   - Ashish Bharat Ram 
 voting power of the reporting       - Kartikeya Bharat Ram 
 enterprise that gives them 
 control or significant
 influence over the enterprise, 
 and relatives of any such 
 individual
 
 (d) Key Management Personnel        - Rajat Lakhanpal, Whole Time 
                                       Director
 
 (e) Enterprises over which any      - Karm Farms Pvt. Ltd.  
 person described in (c) or (d)      - Srishti Westend Greens Farms 
 is able to exercise significant       Pvt. Ltd 
 influence                           - Bharat Ram Associates Pvt. Ltd.  
                                     - Karmav Holdings Pvt. Ltd.  
                                     - Narmada Farms Pvt. Ltd. (since 
                                       dissolved pursuant to Scheme of 
                                       Arrangement) 
                                     - Bhairav Farms Pvt. Ltd.(since
                                       dissolved pursuant to Scheme of 
                                       Arrangement) 
 
 6. Earning Per Equity Share 
 
 Annualised earnings per equity share have been calculated based on the
 net profit after taxation of Rs 5,512.95 lakhs (Pr Yr Rs 973.61 lakhs)
 less dividend to preference shareholders and dividend tax thereon Rs
 120.12 lakhs (Pr Yr Nil) and the average number of equity shares of
 6,452,615 (Pr Yr 6,452,615).  
 
 Basic and diluted earning per share for the year is Rs 83.58 (Pr Yr Rs
 15.09).
 
 7. The Composite Scheme of Arrangement approved by the Hon''ble Delhi
 High Court vide order dated 24th February 2011 consists of: 
 
 a. Demergerof Real Estate Division of Narmada Farms Private Limited
 (NFPL), Bhairav Farms Private Limited (BFPL) and SRF Polymers
 Investments Limited (SRFPIL) to Srishti Westend Greens Farms Private
 Limited, Karm Farms Private Limited and KAMA Realty (Delhi) Limited
 respectively; and 
 
 b. Amalgamation of Investment Division of NFPL, BFPL and SRFPIL into
 KAMA Holdings Limited 
 
 c. Issue of 12,919,412 - 8% Non-cumulative Redeemable Preference Shares
 of Rs 10 each fully paid up and 4,838,249 equity shares of Rs 10 each
 fully paid up simultaneous to cancellation of 4,838,249 equity shares
 of Rs 10 each fully paid up pursuant to Scheme of Arrangement.  
 
 with effect from the appointed date, i.e., 01st April 2010 on scheme
 becoming effective, i.e., 31st March 2011 when a certified copy of the
 order dated 24th February 2011 was filed with the Registrar of
 Companies.  
 
 d. The amalgamation of Investment Divisions of NFPL, BFPLand SRFPIL
 into the Company has been done as ''amalgamation in the nature of
 purchase''. This has given rise to capital reserve of Rs 20,345.06
 lakhs.  
 
 e. As per conditions imposed by Bombay Stock Exchange Limited
 (BSE) while granting its ''No Objection'' to the Scheme of Arrangement,
 1,209,563 equity shares issued to the promoters [out of equity shares
 allotted in (c) above] have been put under lock-in for a period of
 three years from the date of listing of new shares on the BSE. The new
 equity shares issued by the company pursuant to Scheme of Arrangement
 have been listed on BSE.  
 
 8. Previous year figures have been regrouped/recast/rearranged,
 wherever necessary, to conform to current year classifications.