1.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for Rs.2145.55 lakhs (2009-2010 : Rs.2402.78
 lakhs)
 
 2.  (a) Contingent Liability in respect of Sales tax, Excise and
 Customs demands against which the Company
 has filed appeals Rs.76.52 lakhs (2009-2010: Rs.61.81 lakhs) - net of
 tax Rs.51.10 lakhs (2009-2010 : Rs.41.28 lakhs).
 
 (b) Contingent Liability in respect of Income-tax demands against which
 the Company has filed appeals : Rs.942.10 lakhs (2009-2010 :Rs. 362.23
 lakhs).
 
 (c) Claims made against the Company not acknowledged as debts :
 Rs.714.42 lakhs (2009-2010 : Rs.784.29 lakhs)
 
 (d) Corporate Guarantee given on behalf of Subsidiary: Rs.1500.00 Lakhs
 (2009-2010 :Rs. 1500.00 Lakhs)
 
 (e) As a matter of abundant caution, a cumulative provision for
 contingencies of Rs.205.00 lakhs has been made against items (a), (b)
 and (c) above, which are disputed by the Company.
 
 3.  Gain on foreign exchange fluctuation (net) credited to the profit
 and loss account amounted to Rs. 19.82 Lakhs (2009-2010 : Rs.10.68
 lakhs).
 
 4.  There are no Micro, Small and Medium Enterprises , to whom the
 Company owes dues, which are outstanding for more than 45 days as at
 31st March, 2011. This information as required to be disclosed under
 the Micro, Small and Medium Enterprise Development Act, 2006 has been
 determined to the extent such parties have been identified on the basis
 of information available with the Company. This has been relied upon by
 the Auditors.
 
 5.  There are no amounts due and outstanding to be credited to Investor
 Education and Protection Fund as at 31st March, 2011 except Rs.4.48
 lakhs (2009-2010 : Rs.3.99 lakhs) which is held in abeyance due to
 legal cases pending.
 
 6.  Out of the proceeds of the issue of Cumulative Convertible
 Preference Shares (CCPS) of Rs. 489.66 crores, Rs.168.25 crores have
 been utilised towards objects of the issue and pending utilisation the
 balance amount is invested mainly in mutual funds and money market
 instruments
 
 7.  Provision for taxation is inclusive of the tax impact on account
 of the securities / warrant issue expenses and premium on redemption of
 debentures debited to the Securities Premium Account. The Company has
 taken credit for MAT which it is entitled on future taxable profits.
 
 8. (a) The company has entered into lease agreement for assets taken
 on operating lease which range between three years & six years . This
 are renewable by mutually agreeable terms. The future minimum lease
 payments under non-cancellable operating leases are as under :
 
 (b) The company has entered into lease agreement for assets given on
 operating lease which range between three years & five years . This are
 renewable by mutually agreeable terms. The future minimum lease
 payments under non-cancellable operating leases are as under :
 
 9. SEGMENT REPORTING
 
 The main business of the Company is retailing. All other activities of
 the Company are incidental to the main business. Accordingly, there are
 no separate reportable segments in terms of the Accounting Standard 17
 on Segment Reporting issued by ICAI.
 
 (b) Defined Benefit Plans - Provident Fund Contribution to Trust
 administered by the Company
 
 The Guidance issued by the Accounting standard Board (ASB) on
 implementing AS-15, Employee benefits (revised 2005) states that
 provident fund set up by employers which requires interest short fall
 to be met by the employer, needs to be treated as defined benefit plan.
 The Company administered trust The Trust had received a letter dated
 17/05/2010 from the Regional Commissioner of Provident Fund, Mumbai
 withdrawing the relaxations granted to the establishment vide Order No.
 MH/ 13493 / PF / Exm. 17/ AST/1393 with effect from 01/04/2010 and
 instructing the establishment ot transfer the past accumulations of its
 employees to the Regional PF Commissioner, Mumbai. Accordingly, the
 Board of Directors of Trent Ltd has passed resolution as on 28/05/2010
 for the surrender of Trust and the Trust has taken steps to transfer
 the past accumulations of its employees to the Regional PF
 Commissioner, Mumbai.
 
 (c) Leave Encashment (Long term compensated absences ) recognised as
 income for the year is Rs 67.33 Lakhs (2009-10 : Expense of Rs. 145.67
 Lakhs)
 
 10 Previous years figures have been regrouped wherever necessary.