| (Rs.in Million) |
| Particulars | Jun 2006 | Jun 2005 | Jun 2004 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 |
| Share Capital | 83.39 | 83.39 | 83.39 |
| Equity - Authorised | 120.00 | 120.00 | 120.00 |
| Equity - Issued | 63.39 | 63.39 | 63.39 |
| Equity Paid Up | 63.39 | 63.39 | 63.39 |
| Equity Shares Forfeited | 0.00 | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 | 0.00 |
| Preference Capital Paid Up | 20.00 | 20.00 | 20.00 |
| Face Value | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 16.10 | 0.00 | 0.00 |
| Total Reserves | 371.03 | 314.66 | 329.03 |
| Securities Premium | 57.87 | 57.85 | 57.85 |
| Capital Reserves | 0.00 | 7.59 | 225.88 |
| Profit & Loss Account Balance | 91.56 | 133.93 | -3.28 |
| General Reserves | 212.81 | 107.15 | 0.00 |
| Other Reserves | 8.79 | 8.13 | 48.58 |
| Reserve excluding Revaluation Reserve | 371.03 | 314.66 | 329.03 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 470.52 | 398.05 | 412.43 |
| Minority Interest | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 |
| Secured Loans | 938.34 | 714.69 | 652.04 |
| Non Convertible Debentures | 0.00 | 0.00 | 107.60 |
| Converible Debentures & Bonds | 0.00 | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 | 120.00 |
| Term Loans - Banks | 198.79 | 236.65 | 3.20 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 |
| Other Secured | 739.55 | 478.04 | 421.24 |
| Unsecured Loans | 19.80 | 36.02 | 43.77 |
| Fixed Deposits - Public | 18.95 | 17.82 | 23.60 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 0.85 | 18.20 | 20.17 |
| Deferred Tax Assets / Liabilities | 70.27 | 36.90 | 22.50 |
| Deferred Tax Assets | 14.04 | 44.12 | 61.42 |
| Deferred Tax Liability | 84.31 | 81.02 | 83.92 |
| Other Long Term Liabilities | 0.00 | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 | 0.00 |
| Total Non-Current Liabilities | 1028.42 | 787.61 | 718.31 |
| Current Liabilities | 0 | 0 | 0 |
| Trade Payables | 254.84 | 313.78 | 346.41 |
| Sundry Creditors | 254.50 | 313.45 | 345.88 |
| Acceptances | 0.34 | 0.34 | 0.54 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 58.96 | 81.15 | 91.76 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 47.46 | 69.57 | 77.47 |
| Interest Accrued But Not Due | 1.21 | 1.70 | 3.91 |
| Share Application Money | 0.00 | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 10.29 | 9.89 | 10.39 |
| Short Term Borrowings | 0.00 | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 | 0.00 |
| Short Term Provisions | 97.57 | 66.74 | 7.78 |
| Proposed Equity Dividend | 6.34 | 12.68 | 0.00 |
| Provision for Corporate Dividend Tax | 0.92 | 1.83 | 0.00 |
| Provision for Tax | 46.17 | 8.31 | 2.13 |
| Provision for post retirement benefits | 0.00 | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 | 0.00 |
| Other Provisions | 44.15 | 43.92 | 5.65 |
| Total Current Liabilities | 411.37 | 461.67 | 445.95 |
| Total Liabilities | 1428.67 | 1148.76 | 1108.23 |
| ASSETS | 0 | 0 | 0 |
| Gross Block | 1492.90 | 1403.68 | 1366.91 |
| Less: Accumulated Depreciation | 855.56 | 804.06 | 760.16 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 |
| Net Block | 637.34 | 599.62 | 606.75 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 39.45 | 30.68 | 37.40 |
| Non Current Investments | 0.23 | 0.18 | 0.18 |
| Long Term Investment | 0.23 | 0.18 | 0.18 |
| Quoted | 0.03 | 0.00 | 0.00 |
| Unquoted | 0.20 | 0.18 | 0.18 |
| Long Term Loans & Advances | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 677.02 | 630.47 | 644.33 |
| Current Assets Loans & Advances | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 |
| Inventories | 850.66 | 703.21 | 735.29 |
| Raw Materials | 45.41 | 23.81 | 27.38 |
| Work-in Progress | 14.61 | 20.65 | 310.38 |
| Finished Goods | 695.41 | 576.01 | 317.60 |
| Packing Materials | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 50.33 | 58.17 | 55.43 |
| Other Inventory | 44.90 | 24.57 | 24.50 |
| Sundry Debtors | 165.31 | 97.99 | 67.96 |
| Debtors more than Six months | 16.88 | 19.22 | 16.77 |
| Debtors Others | 151.55 | 81.90 | 54.32 |
| Cash and Bank | 50.70 | 100.42 | 31.20 |
| Cash in hand | 2.05 | 1.61 | 10.58 |
| Balances at Bank | 48.63 | 98.81 | 20.60 |
| Other cash and bank balances | 0.02 | 0.00 | 0.02 |
| Other Current Assets | 11.40 | 12.42 | 10.63 |
| Interest accrued on Investments | 0.90 | 0.55 | 0.42 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 10.50 | 11.87 | 10.21 |
| Interest accrued and or due on loans | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 153.12 | 99.51 | 82.57 |
| Advances recoverable in cash or in kind | 131.63 | 85.97 | 72.56 |
| Advance income tax and TDS | 18.67 | 10.63 | 6.75 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 2.83 | 2.90 | 3.27 |
| Total Current Assets | 1231.19 | 1013.55 | 927.65 |
| Net Current Assets (Including Current Investments) | 819.82 | 551.88 | 481.70 |
| Miscellaneous Expenses not written off | 2.10 | 3.31 | 4.71 |
| Total Assets | 1428.67 | 1148.76 | 1108.23 |
| Contingent Liabilities | 0.00 | 0.00 | 0.00 |
| Total Debt | 958.14 | 750.71 | 695.80 |
| Book Value | 68.20 | 59.11 | 61.16 |
| Adjusted Book Value | 68.20 | 59.11 | 61.16 |