(Amounts are presented in Rs. in Thousands, except for per share data and
 quantitative information)
 
 1. Contingent Liabilities                          (Rs. in Thousand)
 
 Sl.  Particulars                             31.03.2011   31.03.2010
 
 1    Counter guarantees given to Consortium 
      Banks in respect of Contracts in India.
      Rs. 1,75,943 (Previous year Rs. 
      1,53,324) are held by banks as margin 
      money against the guarantees given by 
      them in addition to the counter 
      guarantees offered by the Company for 
      the total non-fund based limit for Bank 
      guarantee of Rs. 54,15,000 (Previous 
      Year Rs. 47,83,900).                     5,415,000    4,783,900
 
 2    Sale tax liability / works contract tax 
      liability for which the Company has pre
      ferred an appeal before the Appellate 
      Authority.                                  82,381       93,845
 
 3    Bill Discounting                           146,902      113,076
 
 4    The demand, if any, that may arise out      Amount       Amount
      of search and seizure proceedings initi        not          not
      -ated by the Income Tax Authority          ascerta      ascerta
                                                 -inable      -inable
 
 2    The Company had issued in 2007-08, 
      7500, 1% Foreign Currency Convertible 
      Bond of US$ 1000 each due in the year 
      2012 @ 100%, redeemable with premium
      only if there is no pre-mature 
      conversion. The payment of premium on
      redemption of Rs. 24,622 (Previous 
      year - 59,303) is therefore contingent 
      in nature as the outcome of which 
      depends on uncertain future events 
      and so not provided for.
 
 
 3. The Company has issued and allotted on 8th January 2005, 1,40,000
 10.50% Cumulative Redeemable Preference shares of Rs. 10 each fully
 paid up, redeemable at the option of the shareholder with 90 days
 notice or at the option of the Company with 30 days notice within a
 maximum period of 10 (ten) years. There was no redemption during the
 year.
 
 4. Issue of Share Warrants 
 
 a) During the year the Company has received application for 24,50,000
 Share Warrant of Rs. 84.25 each. The applicants have paid more than 25
 % of total value of the warrants and the balance amount is payable
 within 18 months from the date of allotment, as and when made in one or
 more tranches at the discretion of allottee. The conversion of these
 warrants into equity share of the Company, once the entire amount is
 paid by the subscriber within the stipulated time, is subject to
 receipt of approval from SEBI and other Competent Authorities.
 
 b) Capital Reserve The Company had received Rs. 10,000 against future
 call option of 7,14,285 Share warrants in the F. Y. 2008-09. The call
 was not exercised by the applicants and as per the terms of the issue
 of warrant, the said amount was forfeited and credited to Capital
 Reserve during the year 2008-09.
 
 5. Secured Loans
 
 For Cash Credit: 
 - From Banks: 
 
 The Company has availed various credit facilities, fund and non-fund
 based, under consortium arrangement with Banks which are secured on
 pari-passu basis among the consortium members primarily by
 hypothecation of entire stock, book debts and other current assets of
 the Company both present & future.
 
 These facilities are collaterally secured:
 
 - By way of charge on the fixed assets (including Land and shed) of the
 Company excluding the equipments, machinery and vehicles that are
 hypothecated to various Banks and Non-Banking Finance Companies under
 exclusive charges for financing thereof.  
 
 - Personal Guarantees of the Chairman & Managing Director and the
 Director (Operations)
 
 For Equipment and Vehicles Loan: 
 
 Term Loans taken from the Banks and NBFC''s towards the purchase of
 equipments, machineries and vehicles are secured by way of
 hypothecation of assets financed by them. (Amount due within one year `
 1,30,015 (Previous Year: ` 50,300)
 
 6. Unsecured Loans:
 
 I. FCCB
 
 The Company has issued on 17th July, 2007, 7500, 1% Foreign Currency
 Convertible Bonds due in the year 2012 at 100% of US 00 each
 aggregating to US .5 million to finance capital expenditure. The
 bondholders have an option of converting these bonds into shares at an
 initial conversion price of Rs.  140.00 per share (including the
 premium of Rs. 130/- each) with a fixed rate of conversion of Rs. 40.38
 per US $ at any time on or after 17th July, 2007 up-to 5th July, 2012.
 The bonds are also redeemable at the option of the Company at a minimum
 rate of 130 % of the early redemption amount in case of early
 redemption on any date after 24 months from the issue date and up to
 5th July, 2012. Unless previously redeemed, converted or repurchased
 and cancelled, the bonds will be redeemed at 137.92% of its principal
 amount on the maturity date.
 
 Out of the above proceeds and in terms of the objects of the issue, the
 Company has utilised Rs. 2,81,200 (Pr. Year Rs. 2,81,200) for financing
 capital expenditure and Rs. 11,513 for FCCB issue expenses. The amount
 of foreign exchange fluctuation and FCCB issue expenses have been
 charged to profit and loss account of the relevant year(s).
 
 During the year the Company has opted to Buy Back 5000 FCCB in line
 with the terms of RBI Circular no RBI/2008-09/317 A.P. (DIR Series)
 Circular no. 39 dtd. 08.12.2008 read with Circular no RBI/2009-10/367
 A.P. (DIR Series) Circular no. 44 dtd 29.03.2010 issued in this regard.
 The Buy Back was completed at a mutually decided discount of 25% on the
 accredited value of the bonds. The Buy Back was funded by the internal
 accruals of the Company.
 
 II.  Short Term Loans from Banks and NBFC:
 
 Short term loan repayable within 1 year, from Bank is Rs. 1,167,135 and
 from NBFC is Rs. 34,546.
 
 7.  Intangible Asset, shown under Fixed Assets (Schedule – 5)
 represents the ERP Implementation Expenses (SAP) of Rs. 8,000 which has
 been amortised over a period of five years, being the estimated life.
 
 8.  Cash in Hand includes Rs. 43 (Previous Year nil) held in Foreign
 currency.
 
 9.  The Company has not granted any Loans and Advances in the nature of
 Loan to its Associates and Subsidiaries, hence disclosure under Clause
 32 of the Listing Agreement has not been given.
 
 10. Current Liabilities (others) includes Unclaimed Dividend and
 Unclaimed Share Application money amounting to Rs. 516 (Pr. Year Rs.
 378) and Rs. 444 (Pr. Year Rs. 144) respectively at the end of the
 financial year and the corresponding amount are lying in the designated
 bank accounts.
 
 11. Current tax is determined in respect of taxable income for the year
 based on applicable tax rates and Laws.
 
 12. Company is in the process of obtaining balance confirmation from
 its Debtors and Creditors, adjustment if any, arising out of same will
 be considered in the subsequent period.
 
 13. The contract awarded to the Company by the Bihar State Government
 for development and widening of roads in Patna had been prematurely
 terminated by the Govt. of Bihar on 30th of April, 2008. The Company
 had taken necessary remedial measure through Honorable High Court of
 Kolkata. Arbitrator has been appointed in the matter to adjudicate the
 claim filed by the Company and the hearings are in process.
 
 14. The Company operates under a major segment namely “Core
 Infrastructure” and under other segments. Since the segment revenue
 from external customers for each of the other segments is below 10% of
 total revenue and the carrying amount of assets for each other segments
 are below 10% of the carrying amount of all assets, reporting under
 AS-17 on “Segment Reporting” has not been made.
 
 15. Disclosure on Related Party Transactions as per AS 18 on “Related
 party disclosures” issued by The Institute of Chartered Accountants of
 India:
 
 Related Parties with whom transactions have taken place during the
 year:- 
 
 A  Associate Companies and           Negolice Trading (P) Ltd.     
    Enterprises over which the        Beco Industries (P) Ltd.
    trading (P) Ltd.  key management  Infravision Developers (P) Ltd.
    personnel and its relatives are   Monobal Vayapar (P) Ltd.
    able to exercise significant      Tantia Trust
    influence:                        Castal Extrusion Private 
                                      Limited
                                      Andromeda Communications 
                                      (P) Ltd
                                      Harsh Leisure (P) Ltd.  
 
 B Subsidiaries                       Tantia Sanjauliparkings 
                                      (P) Ltd.
 
                                      Tantia Infrastructure (P) Ltd.
 
                                      Tantia Raxaultollway (P) Ltd.
 
 C Joint Ventures                     RBM Tantia (JV)
 
                                      Tantia BSBK (JV)
 
                                      JMC Tantia (JV)
 
                                      Tantia DBC (JV)
 
                                      Tantia Simplex (JV)
 
                                      Tantia Soma (JV)
 
                                      Tantia Nayak (JV)
 
                                      Tantia TBL (JV)
 
                                      Tantia SPML (JV)
 
                                      Tantia Freyssinet Gilcon (JV)
 
                                      Tantia Gondwana (JV)
 
                                      Tantia CCIL (JV)
 
                                      Tantia EDCL (JV) 
 
 D Key Management Personnel and       Sri I. P. Tantia (Chairman & 
   Relatives                          Managing Director)
 
                                      Sri B. L. Ajitsaria (Director 
                                      - Business Development)
 
                                      Sri Rahul Tantia (Director - 
                                      Operations)
 
                                      Sri Murare Lal Agarwal 
                                      (Director - Projects)
 
                                      Sri Siddharth Tantia (Vice 
                                      President - Corporate planning)
 
                                      Ms Rohini Sureka (Vice President
                                      - Finance & Accounts)
 
                                      Mrs Laxmi Tantia (Wife of 
                                      Siddharth Tantia)
 
 16. Previous year''s figure have been re-grouped and rearranged wherever
 necessary.