| (Rs.in Million) |
| Particulars | Mar 2008 | Mar 2007 | Mar 2006 | Mar 2005 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 |
| Share Capital | 44.04 | 44.04 | 45.17 | 45.17 |
| Equity - Authorised | 59.90 | 59.90 | 59.90 | 59.90 |
| Equity - Issued | 44.04 | 44.04 | 44.04 | 44.04 |
| Equity Paid Up | 44.04 | 44.04 | 44.04 | 44.04 |
| Equity Shares Forfeited | 0.00 | 0.00 | 1.13 | 1.13 |
| Adjustments to Equity | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Reserves | 291.58 | 258.80 | 206.98 | 163.23 |
| Securities Premium | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Reserves | 3.97 | 3.97 | 2.84 | 2.84 |
| Profit & Loss Account Balance | 70.53 | 64.97 | 59.44 | 14.31 |
| General Reserves | 121.49 | 93.22 | 46.49 | 46.49 |
| Other Reserves | 95.59 | 96.63 | 98.21 | 99.59 |
| Reserve excluding Revaluation Reserve | 197.60 | 163.77 | 110.38 | 65.25 |
| Revaluation reserve | 93.99 | 95.03 | 96.61 | 97.99 |
| Shareholder's Funds | 335.62 | 302.84 | 252.15 | 208.40 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 137.50 | 109.99 | 106.29 | 111.01 |
| Non Convertible Debentures | 0.00 | 0.00 | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 | 0.00 | 0.00 |
| Term Loans - Banks | 137.50 | 109.99 | 106.23 | 110.87 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Secured | 0.00 | 0.00 | 0.06 | 0.15 |
| Unsecured Loans | 10.25 | 13.47 | 7.25 | 5.62 |
| Fixed Deposits - Public | 0.00 | 0.03 | 0.82 | 0.90 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 10.25 | 13.43 | 6.42 | 4.72 |
| Deferred Tax Assets / Liabilities | 6.90 | 7.24 | 8.67 | 9.32 |
| Deferred Tax Assets | 1.29 | 1.06 | 1.01 | 0.84 |
| Deferred Tax Liability | 8.19 | 8.29 | 9.68 | 10.16 |
| Other Long Term Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Liabilities | 154.65 | 130.70 | 122.20 | 125.95 |
| Current Liabilities | 0 | 0 | 0 | 0 |
| Trade Payables | 85.78 | 109.15 | 113.20 | 161.29 |
| Sundry Creditors | 85.78 | 109.15 | 113.20 | 161.29 |
| Acceptances | 0.00 | 0.00 | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 211.97 | 267.03 | 386.05 | 428.19 |
| Bank Overdraft / Short term credit | 0.00 | 0.16 | 0.16 | 0.16 |
| Advances received from customers | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Accrued But Not Due | 0.00 | 0.03 | 0.03 | 0.13 |
| Share Application Money | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 211.97 | 266.84 | 385.86 | 427.90 |
| Short Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Provisions | 33.96 | 18.33 | 12.60 | 7.56 |
| Proposed Equity Dividend | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Tax | 29.90 | 14.85 | 9.31 | 5.14 |
| Provision for post retirement benefits | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Provisions | 4.06 | 3.47 | 3.29 | 2.42 |
| Total Current Liabilities | 331.71 | 394.51 | 511.85 | 597.04 |
| Total Liabilities | 483.37 | 426.30 | 886.21 | 931.39 |
| ASSETS | 0 | 0 | 0 | 0 |
| Gross Block | 359.54 | 355.32 | 326.19 | 322.35 |
| Less: Accumulated Depreciation | 113.50 | 109.29 | 107.45 | 103.30 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 246.04 | 246.03 | 218.74 | 219.05 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Non Current Investments | 31.83 | 29.08 | 1.20 | 0.65 |
| Long Term Investment | 31.83 | 29.08 | 1.20 | 0.65 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 31.83 | 29.08 | 1.20 | 0.65 |
| Long Term Loans & Advances | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 277.87 | 275.11 | 219.95 | 219.70 |
| Current Assets Loans & Advances | 0 | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 42.20 | 89.79 | 228.63 | 334.11 |
| Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 |
| Work-in Progress | 6.31 | 47.72 | 75.41 | 115.37 |
| Finished Goods | 11.22 | 17.39 | 128.54 | 198.14 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Inventory | 24.68 | 24.68 | 24.68 | 20.60 |
| Sundry Debtors | 36.11 | 40.95 | 57.71 | 55.87 |
| Debtors more than Six months | 27.52 | 18.13 | 43.79 | 6.50 |
| Debtors Others | 8.59 | 22.82 | 13.92 | 49.36 |
| Cash and Bank | 120.59 | 118.11 | 65.11 | 20.76 |
| Cash in hand | 0.97 | 0.38 | 0.08 | 0.08 |
| Balances at Bank | 119.61 | 117.73 | 65.02 | 20.68 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 21.45 | 12.07 | 11.87 | 11.18 |
| Interest accrued on Investments | 0.81 | 0.58 | 0.33 | 0.02 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued and or due on loans | 20.65 | 11.49 | 11.53 | 11.16 |
| Prepaid Expenses | 0.00 | 0.00 | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 323.09 | 291.03 | 301.64 | 288.14 |
| Advances recoverable in cash or in kind | 78.34 | 39.96 | 134.31 | 129.09 |
| Advance income tax and TDS | 25.65 | 21.82 | 16.62 | 10.98 |
| Amounts due from directors | 0.00 | 0.00 | 0.03 | 0.52 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 219.11 | 229.24 | 150.68 | 147.54 |
| Total Current Assets | 543.45 | 551.95 | 664.95 | 710.06 |
| Net Current Assets (Including Current Investments) | 211.74 | 157.43 | 153.10 | 113.02 |
| Miscellaneous Expenses not written off | 0.66 | 0.99 | 1.31 | 1.64 |
| Total Assets | 483.37 | 426.30 | 886.21 | 931.39 |
| Contingent Liabilities | 27.16 | 0.00 | 1.28 | 1.28 |
| Total Debt | 147.75 | 123.46 | 113.54 | 116.64 |
| Book Value | 54.72 | 46.96 | 34.77 | 24.44 |
| Adjusted Book Value | 54.72 | 46.96 | 34.77 | 24.44 |