1.  Contingent Liabilities in respect of :
 
 (Rs in Lacs)
 
 Particulars                           As At              As At
 
                                 31st Mar 2011     31st Mar 2010
 
 a) Disputed demand of Central 
 Excise Department/Income Tax 
 Department                           417.08             653.68
 
 b) Guarantee given by bankers 
 on behalf of Company              21,078.42          13,042.85
 
 c) Corporate Guarantees of 
 Rs. 2889.00 Lacs given by 
 Company for loan taken by a 
 subsidiary / Associate Company     1,156,20             443.90
 
 d) Performance Guarantees 
 given by Company                      33.47             111.05
 
 e) Bills discounted with 
 Banks                              3,296.35           3,135.90
 
 f) Import duty benefit towards 
 duty free import of raw materials 
 made in respect of which export 
 obligations are yet to be 
 discharged.                           16.12               7.94
 
 g) Claims against Company not 
 acknowledged as debts             Amount not           Amount not
                                   ascertained         ascertained
 
 2.  Estimated amount of contracts remaining to be executed on capital
 account (net of capital advances) and not provided for Rs. 28.90 Lacs
 (Previous year Rs. 25.00 Lacs).
 
 3.  Cenvat duty shown as a deduction from the Gross Sales and Service
 Income represents the amount of cenvat duty collected on sales &
 service income. Cenvat duty expensed represents the difference between
 excise duty element in the amounts of closing stocks & opening stocks
 and excise duty paid which is not recoverable from sales.
 
 4.  Tax assessment of the company under Income Tax Act 1961, has been
 completed up to Financial Year 2007-08 and the sales tax assessment up
 to Financial Year 2006-07.
 
 5.  Disclosures regarding Derivative Instruments :
 
 (A) The company uses forward exchange contracts to hedge its exposure
 in foreign currency. There are no contracts entered into for the
 purpose of speculation.
 
 (B) The information on derivative instruments as on 31st March, 2011 is
 as follows:
 
 (B) Defined Contribution Plans :
 
 During the year, Rs. 62.57 Lacs (Previous year Rs. 53.25 Lacs)
 recognised as an expense and included in the Schedule 15 of Profit and
 Loss Account under the head Contribution to Provident and Other
 funds.
 
 6.  Segment Reporting
 
 (A) Primary Segment:
 
 In accordance with the requirements of Accounting Standard-17 on
 Segment Reporting, the Company has determined its business segment as
 Electric Transformer. Since all of the Companys business is from
 Electric Transformer, there are no other primary reportable segments.
 Thus the segment revenue, segment result, total carrying amount of
 segment liabilities, total cost incurred to acquire segment assets, the
 total amount of charge for depreciation during the year are all
 reflected in the financial statement as of and for the year ended 31st
 March, 2011.
 
 7. Previous years figures have been regrouped wherever necessary.