| (Rs.in Million) |
| Particulars | Jun 2008 | Mar 2007 | Mar 2006 | Mar 2005 | Mar 2004 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 | 0 |
| Share Capital | 105.00 | 105.00 | 90.00 | 122.42 | 122.42 |
| Equity - Authorised | 147.00 | 147.00 | 147.00 | 147.00 | 147.00 |
| Equity - Issued | 105.36 | 105.36 | 90.36 | 125.98 | 125.98 |
| Equity Paid Up | 105.00 | 105.00 | 90.00 | 122.39 | 122.39 |
| Equity Shares Forfeited | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 |
| Adjustments to Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Reserves | -1087.32 | -665.81 | -435.48 | -872.50 | -426.76 |
| Securities Premium | 0.00 | 0.00 | 0.00 | 58.48 | 58.48 |
| Capital Reserves | 4.02 | 4.02 | 1.02 | 1.02 | 1.02 |
| Profit & Loss Account Balance | -1091.71 | -670.20 | -436.87 | -932.37 | -486.64 |
| General Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Reserves | 0.38 | 0.38 | 0.38 | 0.38 | 0.38 |
| Reserve excluding Revaluation Reserve | -1087.32 | -665.81 | -435.48 | -872.50 | -426.76 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | -982.32 | -560.81 | -345.48 | -750.08 | -304.35 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 659.00 | 546.37 | 400.00 | 306.55 | 308.87 |
| Non Convertible Debentures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Term Loans - Banks | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Term Loans - Institutions | 659.00 | 400.00 | 0.00 | 0.00 | 0.00 |
| Other Secured | 0.00 | 146.37 | 400.00 | 306.55 | 308.87 |
| Unsecured Loans | 534.08 | 27.25 | 36.21 | 535.65 | 501.54 |
| Fixed Deposits - Public | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 9.50 | 0.00 | 108.46 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 26.71 | 261.73 | 261.73 |
| Other Unsecured Loan | 534.08 | 27.25 | 0.00 | 273.92 | 131.35 |
| Deferred Tax Assets / Liabilities | 80.69 | 72.48 | 63.34 | 56.98 | -240.10 |
| Deferred Tax Assets | 0.00 | 0.00 | 0.00 | 0.00 | 284.53 |
| Deferred Tax Liability | 80.69 | 72.48 | 63.34 | 56.98 | 44.43 |
| Other Long Term Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Liabilities | 1273.77 | 646.10 | 499.55 | 899.19 | 570.31 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 41.87 | 48.60 | 53.60 | 97.07 | 97.72 |
| Sundry Creditors | 41.87 | 48.60 | 53.60 | 97.07 | 97.72 |
| Acceptances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 99.58 | 413.19 | 205.72 | 221.32 | 176.69 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Accrued But Not Due | 0.00 | 23.66 | 0.00 | 0.00 | 0.00 |
| Share Application Money | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 99.58 | 389.53 | 205.72 | 221.32 | 176.69 |
| Short Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Provisions | 22.77 | 62.68 | 55.51 | 49.70 | 42.40 |
| Proposed Equity Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Tax | 1.25 | 10.86 | 10.92 | 10.04 | 9.00 |
| Provision for post retirement benefits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Provisions | 21.52 | 51.81 | 44.60 | 39.66 | 33.41 |
| Total Current Liabilities | 164.23 | 524.47 | 314.83 | 368.09 | 316.81 |
| Total Liabilities | 210.76 | 12.81 | 90.73 | 92.12 | 506.07 |
| ASSETS | 0 | 0 | 0 | 0 | 0 |
| Gross Block | 874.12 | 938.19 | 935.00 | 927.10 | 926.54 |
| Less: Accumulated Depreciation | 696.59 | 683.34 | 640.63 | 596.85 | 549.48 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 177.52 | 254.85 | 294.37 | 330.25 | 377.06 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 4.59 | 1.45 | 0.00 | 0.00 | 0.00 |
| Non Current Investments | 0.00 | 0.00 | -45.00 | -45.00 | -45.00 |
| Long Term Investment | 0.00 | 0.00 | -45.00 | -45.00 | -45.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 45.00 | 45.00 | 0.00 | 0.00 | 0.00 |
| Long Term Loans & Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 182.12 | 256.30 | 249.37 | 285.25 | 332.06 |
| Current Assets Loans & Advances | 0 | 0 | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 45.00 | 45.00 | 45.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 45.00 | 45.00 | 45.00 |
| Inventories | 61.15 | 87.42 | 83.02 | 86.45 | 83.68 |
| Raw Materials | 29.33 | 28.05 | 29.79 | 31.49 | 29.68 |
| Work-in Progress | 7.77 | 12.22 | 8.92 | 12.06 | 15.15 |
| Finished Goods | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 11.89 | 11.54 | 8.44 | 7.92 | 8.38 |
| Other Inventory | 12.16 | 35.62 | 35.87 | 34.98 | 30.46 |
| Sundry Debtors | 33.84 | 48.88 | 48.64 | 54.48 | 52.13 |
| Debtors more than Six months | 56.49 | 60.85 | 65.46 | 58.21 | 49.44 |
| Debtors Others | 26.45 | 33.44 | 28.24 | 32.23 | 27.57 |
| Cash and Bank | 17.44 | 4.21 | 1.85 | 7.02 | 19.13 |
| Cash in hand | 0.42 | 0.11 | 0.52 | 0.15 | 0.24 |
| Balances at Bank | 6.42 | 4.10 | 0.49 | 6.87 | 10.09 |
| Other cash and bank balances | 10.60 | 0.00 | 0.84 | 0.00 | 8.81 |
| Other Current Assets | 0.06 | 0.19 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Investments | 0.00 | 0.19 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued and or due on loans | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 51.60 | 38.81 | 41.01 | 39.00 | 50.77 |
| Advances recoverable in cash or in kind | 44.23 | 31.07 | 40.24 | 38.78 | 48.60 |
| Advance income tax and TDS | 0.59 | 0.00 | 0.00 | 0.00 | 0.00 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 6.78 | 7.75 | 0.77 | 0.21 | 2.17 |
| Total Current Assets | 164.08 | 179.52 | 219.53 | 231.95 | 250.71 |
| Net Current Assets (Including Current Investments) | -0.15 | -344.96 | -95.30 | -136.14 | -66.10 |
| Miscellaneous Expenses not written off | 109.48 | 173.95 | 0.00 | 0.00 | 0.00 |
| Total Assets | 210.76 | 12.81 | 90.73 | 92.12 | 506.07 |
| Contingent Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Debt | 1193.08 | 573.62 | 436.21 | 842.20 | 810.41 |
| Book Value | -103.98 | -69.98 | -38.39 | -61.29 | -24.87 |
| Adjusted Book Value | -103.98 | -69.98 | -38.39 | -61.29 | -24.87 |