1.  In accordance with the High Court Orders dated 27th September,
 2002, 30th January, 2009 and 25th September, 2009 and the Accounting
 Practice adopted earlier, provision for diminution in the value of
 investments (Long Term and Current) are adjusted to the securities
 premium account instead of Profit and Loss Account as prescribed under
 Accounting Standard (AS) 13 on Accounting for Investments.
 
 As a consequence, an amount of Rs.131.94 lacs (Previous Year Rs.1541.57
 lacs) has been credited to the securities premium account being write
 back of provision for diminution in value of certain investments no
 longer required, which had been debited to such account in earlier
 years.
 
                                                     Previous Year
                                      Rupees                Rupees
                                     (in lacs)           (in lacs)
 
 2. (i) Contingent Liabilities -
 
 a) Uncalled liability on partly
    paid shares                          0.13              0.13
 
 b) Income tax matters decided in the
    Companys favour by appellate
    authorities, where the department 
    is in further appeal                37.62             37.62
 
 c) Claims against the Company not
    acknowledged as debts in respect of
    income tax matters                 558.20            558.20
 
 (ii)    Commitments -
 
 Uncalled liability on investments in 
 Venture Capital Funds                 950.00            750.00
 
 3.  Foreign exchange currency exposures not covered with regard to the
 (non-repatriable) deposit placed with Hatton National Bank, Colombo, of
 Sri Lankan Rs.64.25 lacs Previous Year Sri Lankan Rs.64.25 lacs
 (Equivalent Indian ?26.03 lacs; Previous Year equivalent Indian ?25.20
 lacs).
 
 4.  As the Company has no activities other than those of an investment
 company, the segment reporting under Accounting Standard 17 - Segment
 Reporting is not applicable. The Company does not have any reportable
 geographical segment.
 
 5.  Related Parties Disclosures
 
 a) List of Related Parties and Relationship Promoter and holding
 company
 
 Tata Sons Ltd.
 
 Associates
 
 1.  Tata Asset Management Ltd.
 
 2.  Tata Trustee Company Pvt. Ltd.
 
 3.  Amalgamated Plantations Pvt. Ltd. (w.e.f. 29.4.2009)
 
 Key Management Person (KMP)
 
 1.  Mr. M. J. Kotwal
 
 2.  Mr. A.N. Dalal (w.e.f 1.1.2010)
 
 Other subsidiaries of Promoter :- (with whom the Company has
 transactions)
 
 I.  Ewart Investments Limited 2.  Infiniti Retail Limited
 
 3.  Panatone Finvest Ltd.  4.  Tata Autocomp Systems Ltd. (w.e.f.
 1.9.2010)
 
 5.  Tata Capital Limited 6.  Tata Consultancy Services Limited
 
 7.  Tata Consulting Engineers Limited 8.  Tata Housing Development Co.
 Limited
 
 9.  Tata Industries Limited (w.e.f. 1.9.2010) 10.  Tata Realty and
 Infrastructure Limited
 
 11.  Tata Securities Limited 12.  Tata Sky Ltd.
 
 8.  Tata Teleservices Ltd.  14.  Tata Teleservices (Maharashtra) Ltd.
 
 15.  TC Travel & Services Limited
 
 15.  Previous years figures have been regrouped wherever necessary.