1 Contingent Liabilities not provided for
 
                                                  Rupees 000 
                                          31.03.2010        31.03.2009
 
 Claims against the Company not 
 acknowledged as debts:
 
 Excise duty matters in dispute or 
 under appeal                                  8,189               500
 
 VAT related matters in dispute or 
 under appeal                                183,915                 -
 
 (Amount paid under dispute Rs. 17,500)
 
 Other matters                                 9,579             6,663
 
 (The contingent liabilities, if 
 materialised, shall entirely be borne
 by the company, as there is no likely 
 reimbursement from any other party.)
 
 2 Employee Benefits
 
 General Description of Defined Benefit plan
 
 Gratuity
 
 The Company operates different type of Gratuity plans wherein every
 employee is entitled to the benefit equivalent to fifteen days or one
 month salary last drawn for each completed year of service depending on
 the date of joining and eligibility terms. The same is payable on
 termination of service or retirement whichever is earlier. The benefit
 vests after five years of continuous service.
 
 Provident Fund
 
 The Company manages Provident Fund plan through a Provident Fund Trust
 for its employees which is permitted under The Employees Provident
 Fund and Miscellaneous Provisions Act, 1952. The plan envisages
 contribution by employer and employees and guarantee interest at the
 rate notified by the Provident Fund Authority. The contribution by
 employer and employee, together with interest, are payable at the time
 of separation from service or retirement, whichever is earlier. The
 benefit under this plan vests immediately on rendering of service.
 
 The Guidance Note on implementing AS-15, Employee Benefits (revised
 2005) issued by the Accounting Standard Board (ASB) states that
 provident funds set up by employers, which requires interest shortfall
 to be met by the employer, needs to be treated as defined benefit plan.
 Pending the issuance of the Guidance Note from the Actuarial Society of
 India, the companys actuary has expressed his inability to reliably
 measure the provident fund liability.  However, the company, on a
 conservative basis has made a provision for the deficit in the fund.
 
 Pension Benefit Scheme
 
 Under the Companys Pension Scheme, certain categories of employees, on
 retirement, are eligible for monthly pension which is accounted for on
 an actuarial basis as on the Balance Sheet date.
 
 Post Retirement Medical Benefit (PRMB)
 
 Under the Companys Medical Benefit Scheme , certain categories of
 employees , on retirement are eligible for yearly payout of
 Rs.7,500/-from the year of retirement till the date of death.
 
 The following tables summaries the components of net benefit expense
 recognised in the profit and loss account and the funded status and
 amounts recognised in the balance sheet for the respective plans.
 
 3 Related party disclosures as required under AS-18, Related Party
 Disclosures, are given below: (a) Name and nature of relationship of
 the Related Party where Control exists : Holding Company :
 
 Syngenta Participation AG, Switzerland
 
 ( holds 16,246,450 equity shares i.e. 50.99% of the equity share
 capital as at the year end, and is the wholly owned subsidiary of 
 Syngenta AG, Switzerland )
 
 Syngenta South Asia AG
 
 ( holds 14,434,178 equity shares i.e. 45.30% of the equity capital as
 at the year end, and is the wholly owned subsidiary of Syngenta AG, 
 Switzerland )
 
 Fellow subsidiary companies (where transactions exist)
 
 Syngenta Seeds AG, Basel, Switzerland Syngenta (Bangladesh) Ltd.
 Syngenta (Pakistan) Ltd., Pakistan Syngenta Asia Pacific PTE. Ltd.,
 Singapore Syngenta Biosciences Pvt. Ltd., India Syngenta Chemicals BV
 Syngenta China Investment Co. Ltd., China Syngenta Crop Protection AG,
 Basel Syngenta Crop Protection Inc., USA Syngenta Crop Protection
 Munchwilen AG Syngenta Crop Protection Ltd., Thailand Syngenta Crop
 Protection Pvt. Ltd., India Syngenta Crop Protection, Monthey Syngenta
 Crop Protection Bhd Sdn, Malasiya Syngenta International AG,
 Switzerland Syngenta Ltd., U.K.  Syngenta Philippines Inc.,
 Phillippines Syngenta Seeds BV, Holland Syngenta Seeds Co. Ltd., Korea
 
 Syngenta Seeds Co. Ltd., Japan Syngenta Seeds Inc., USA Syngenta Seeds
 Korea Co. Ltd.  Syngenta Seeds Ltd., Taiwan Syngenta Seeds Ltd.,
 Indonesia Syngenta Seeds Ltd., Thailand Syngenta Seeds Pty. Ltd.,
 Australia Syngenta Seeds S.A.S., France Syngenta Seeds(Beijing) Co.
 Ltd., China Shougaung Syngenta Seeds Co. Ltd.  Syngenta Supply AG
 Syngenta Foundation India L Daehnfeldt, Sweden Syngenta, Vietnam
 Syngenta Seeds AB, Sweden Syngenta Seeds AB, Faktura Syngenta Russia
 Syngenta, Ethiopia Zeraim Gedera Ltd., Isarel
 
 Key Management Personnel
 
 Mr P.K Apte Managing Director
 
 Mr. Akshaya Kamath Executive Director