| (Rs.in Million) |
| Particulars | Sep 2007 | Sep 2006 | Jun 2005 | Jun 2004 | Mar 2003 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 | 0 |
| Share Capital | 288.95 | 288.95 | 288.95 | 288.95 | 288.95 |
| Equity - Authorised | 340.00 | 340.00 | 340.00 | 340.00 | 340.00 |
| Equity - Issued | 288.95 | 288.95 | 288.95 | 288.95 | 288.95 |
| Equity Paid Up | 288.95 | 288.95 | 288.95 | 288.95 | 288.95 |
| Equity Shares Forfeited | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 4.47 | 0.00 | 0.00 | 0.00 |
| Total Reserves | -31.88 | 9.06 | 14.10 | 22.00 | -10.39 |
| Securities Premium | 25.70 | 25.70 | 25.70 | 25.70 | 25.70 |
| Capital Reserves | 9.76 | 5.29 | 5.29 | 0.00 | 5.29 |
| Profit & Loss Account Balance | -68.84 | -23.42 | -18.38 | -10.48 | -42.87 |
| General Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Reserves | 1.50 | 1.50 | 1.50 | 6.79 | 1.50 |
| Reserve excluding Revaluation Reserve | -31.88 | 9.06 | 14.10 | 22.00 | -10.39 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 257.06 | 302.48 | 303.05 | 310.95 | 278.56 |
| 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 | 39.03 | 38.31 | 23.23 | 46.35 | 15.52 |
| 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 | 5.78 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Secured | 39.03 | 38.31 | 23.23 | 46.35 | 9.74 |
| Unsecured Loans | 75.44 | 88.56 | 77.96 | 69.06 | 93.90 |
| 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 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 75.44 | 88.56 | 77.96 | 69.06 | 93.90 |
| Deferred Tax Assets / Liabilities | -4.22 | -16.95 | -22.21 | -23.27 | 15.87 |
| Deferred Tax Assets | 40.20 | 56.93 | 67.72 | 39.14 | 4.08 |
| Deferred Tax Liability | 35.98 | 39.98 | 45.51 | 15.87 | 19.95 |
| 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 | 110.25 | 109.92 | 78.98 | 92.13 | 125.29 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 31.65 | 62.11 | 103.47 | 52.77 | 40.59 |
| Sundry Creditors | 31.65 | 62.11 | 103.47 | 52.77 | 40.59 |
| 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 | 0.29 | 0.29 | 0.06 | 0.06 | 0.06 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 0.29 | 0.29 | 0.06 | 0.06 | 0.06 |
| Interest Accrued But Not Due | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.12 | 0.23 | 0.03 | 0.00 | 0.00 |
| 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 | 0.12 | 0.23 | 0.03 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 32.07 | 62.63 | 103.56 | 52.83 | 40.65 |
| Total Liabilities | 399.39 | 475.02 | 485.59 | 455.90 | 444.49 |
| ASSETS | 0 | 0 | 0 | 0 | 0 |
| Gross Block | 387.61 | 387.40 | 382.61 | 381.83 | 388.22 |
| Less: Accumulated Depreciation | 227.84 | 207.54 | 184.90 | 166.77 | 148.71 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 159.77 | 179.86 | 197.71 | 215.06 | 239.52 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 1.13 | 1.13 | 1.13 | 1.13 | 1.13 |
| Non Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 24.00 |
| Long Term Investment | 0.00 | 0.00 | 0.00 | 0.00 | 24.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 | 0.00 | 24.00 |
| 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 | 160.90 | 181.00 | 198.85 | 216.19 | 264.65 |
| Current Assets Loans & Advances | 0 | 0 | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 106.36 | 111.27 | 100.08 | 48.84 | 31.63 |
| Raw Materials | 25.44 | 26.26 | 40.16 | 11.46 | 14.08 |
| Work-in Progress | 46.69 | 49.83 | 29.76 | 14.45 | 4.24 |
| Finished Goods | 32.97 | 33.66 | 29.66 | 19.79 | 10.33 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 | 0.00 | 2.90 | 2.66 |
| Other Inventory | 1.26 | 1.52 | 0.50 | 0.25 | 0.32 |
| Sundry Debtors | 75.50 | 100.26 | 100.46 | 79.02 | 47.46 |
| Debtors more than Six months | 44.09 | 46.11 | 63.61 | 14.28 | 12.79 |
| Debtors Others | 31.41 | 54.14 | 36.86 | 64.74 | 34.67 |
| Cash and Bank | 10.65 | 10.17 | 23.49 | 33.89 | 36.41 |
| Cash in hand | 0.09 | 0.32 | 0.04 | 0.03 | 0.09 |
| Balances at Bank | 10.56 | 9.85 | 23.45 | 33.86 | 36.32 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 6.21 | 6.52 |
| Interest accrued on Investments | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 6.21 | 6.52 |
| 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 | 43.60 | 64.73 | 52.43 | 58.36 | 40.76 |
| Advances recoverable in cash or in kind | 39.42 | 60.37 | 47.90 | 53.51 | 35.94 |
| Advance income tax and TDS | 0.00 | 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 | 4.18 | 4.36 | 4.53 | 4.85 | 4.82 |
| Total Current Assets | 236.11 | 286.42 | 276.46 | 226.33 | 162.78 |
| Net Current Assets (Including Current Investments) | 204.04 | 223.79 | 172.90 | 173.50 | 122.13 |
| Miscellaneous Expenses not written off | 2.37 | 7.61 | 10.28 | 13.38 | 17.06 |
| Total Assets | 399.39 | 475.02 | 485.59 | 455.90 | 444.49 |
| Contingent Liabilities | 23.21 | 42.80 | 38.51 | 0.00 | 72.65 |
| Total Debt | 114.48 | 126.87 | 101.19 | 115.41 | 109.42 |
| Book Value | 8.81 | 10.05 | 10.13 | 10.30 | 9.05 |
| Adjusted Book Value | 8.81 | 10.05 | 10.13 | 10.30 | 9.05 |