| (Rs.in Million) |
| Particulars | Mar 2004 | Mar 2003 |
| EQUITY AND LIABILITIES | 0 | 0 |
| Share Capital | 124.98 | 124.97 |
| Equity - Authorised | 150.00 | 150.00 |
| Equity - Issued | 125.00 | 125.00 |
| Equity Paid Up | 124.98 | 124.97 |
| Equity Shares Forfeited | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 |
| Total Reserves | 894.88 | 1119.78 |
| Securities Premium | 788.93 | 788.89 |
| Capital Reserves | 0.00 | 0.00 |
| Profit & Loss Account Balance | 17.80 | 242.60 |
| General Reserves | 88.29 | 88.29 |
| Other Reserves | -0.13 | 0.00 |
| Reserve excluding Revaluation Reserve | 894.88 | 1119.78 |
| Revaluation reserve | 0.00 | 0.00 |
| Shareholder's Funds | 1019.86 | 1244.75 |
| Minority Interest | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 |
| Secured Loans | 37.50 | 24.13 |
| Non Convertible Debentures | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 |
| Term Loans - Banks | 37.50 | 0.00 |
| Term Loans - Institutions | 0.00 | 0.00 |
| Other Secured | 0.00 | 24.13 |
| Unsecured Loans | 0.00 | 0.00 |
| Fixed Deposits - Public | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 |
| Other Unsecured Loan | 0.00 | 0.00 |
| Deferred Tax Assets / Liabilities | -6.75 | 84.49 |
| Deferred Tax Assets | 6.75 | 0.00 |
| Deferred Tax Liability | 0.00 | 84.49 |
| Other Long Term Liabilities | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 |
| Total Non-Current Liabilities | 30.75 | 108.61 |
| Current Liabilities | 0 | 0 |
| Trade Payables | 122.42 | 57.62 |
| Sundry Creditors | 122.42 | 57.62 |
| Acceptances | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 |
| Other Current Liabilities | 0.00 | 0.00 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 |
| Advances received from customers | 0.00 | 0.00 |
| Interest Accrued But Not Due | 0.00 | 0.00 |
| Share Application Money | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 |
| Short Term Borrowings | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 |
| Short Term Provisions | 93.31 | 126.53 |
| Proposed Equity Dividend | 0.00 | 43.74 |
| Provision for Corporate Dividend Tax | 0.00 | 5.60 |
| Provision for Tax | 55.65 | 77.19 |
| Provision for post retirement benefits | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 |
| Other Provisions | 37.66 | 0.00 |
| Total Current Liabilities | 215.73 | 184.15 |
| Total Liabilities | 1057.36 | 1268.87 |
| ASSETS | 0 | 0 |
| Gross Block | 696.27 | 572.21 |
| Less: Accumulated Depreciation | 179.35 | 127.74 |
| Less: Impairment of Assets | 0.00 | 0.00 |
| Net Block | 516.92 | 444.47 |
| Lease Adjustment A/c | 0.00 | 0.00 |
| Capital Work in Progress | 9.64 | 9.11 |
| Non Current Investments | 0.00 | 0.00 |
| Long Term Investment | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 |
| Long Term Loans & Advances | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 |
| Total Non-Current Assets | 526.56 | 453.59 |
| Current Assets Loans & Advances | 0 | 0 |
| Currents Investments | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 |
| Inventories | 108.73 | 315.72 |
| Raw Materials | 0.00 | 0.00 |
| Work-in Progress | 77.21 | 289.88 |
| Finished Goods | 31.53 | 25.84 |
| Packing Materials | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 |
| Other Inventory | 0.00 | 0.00 |
| Sundry Debtors | 102.76 | 102.54 |
| Debtors more than Six months | 5.37 | 8.73 |
| Debtors Others | 97.39 | 93.81 |
| Cash and Bank | 8.98 | 6.40 |
| Cash in hand | 0.00 | 6.40 |
| Balances at Bank | 8.98 | 0.00 |
| Other cash and bank balances | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 0.00 |
| Interest accrued on Investments | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 |
| Interest accrued and or due on loans | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 |
| Short Term Loans and Advances | 483.90 | 613.20 |
| Advances recoverable in cash or in kind | 0.00 | 554.03 |
| Advance income tax and TDS | 0.00 | 0.00 |
| Amounts due from directors | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 |
| Other Loans & Advances | 483.90 | 59.16 |
| Total Current Assets | 704.36 | 1037.85 |
| Net Current Assets (Including Current Investments) | 488.63 | 853.70 |
| Miscellaneous Expenses not written off | 35.42 | 46.08 |
| Total Assets | 1057.36 | 1268.87 |
| Contingent Liabilities | 0.00 | 0.00 |
| Total Debt | 37.50 | 24.13 |
| Book Value | 78.77 | 95.92 |
| Adjusted Book Value | 78.77 | 95.92 |