| (Rs.in Million) |
| Particulars | Mar 2005 | Mar 2004 | Mar 2003 | Mar 2002 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 |
| Share Capital | 126.53 | 126.53 | 120.15 | 120.15 |
| Equity - Authorised | 200.00 | 200.00 | 200.00 | 200.00 |
| Equity - Issued | 126.53 | 126.53 | 120.15 | 120.15 |
| Equity Paid Up | 126.53 | 126.53 | 120.15 | 120.15 |
| Equity Shares Forfeited | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 497.73 | 576.23 | 543.22 | 924.16 |
| Securities Premium | 993.22 | 993.22 | 949.57 | 949.57 |
| Capital Reserves | 0.00 | 10.10 | 10.10 | 0.00 |
| Profit & Loss Account Balance | -638.52 | -578.89 | -416.45 | -25.40 |
| General Reserves | 143.02 | 151.80 | 0.00 | 0.00 |
| Other Reserves | 0.00 | 0.00 | 0.00 | 0.00 |
| Reserve excluding Revaluation Reserve | 497.73 | 576.23 | 543.22 | 924.16 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 624.26 | 702.76 | 663.36 | 1044.31 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 64.50 | 73.41 | 77.72 | 83.16 |
| 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 | 1.25 | 7.25 | 13.33 | 24.28 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Secured | 63.25 | 66.16 | 64.39 | 58.88 |
| Unsecured Loans | 16.00 | 73.11 | 19.13 | 76.82 |
| Fixed Deposits - Public | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 16.00 | 39.46 | 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 | 15.60 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 18.05 | 19.13 | 76.82 |
| Other Unsecured Loan | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets / Liabilities | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liability | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 80.50 | 146.52 | 96.86 | 159.98 |
| Current Liabilities | 0 | 0 | 0 | 0 |
| Trade Payables | 78.13 | 93.81 | 139.73 | 175.54 |
| Sundry Creditors | 78.13 | 93.81 | 139.73 | 175.54 |
| 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 | 6.81 | 6.70 | 7.07 | 4.88 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Accrued But Not Due | 0.00 | 0.09 | 0.17 | 0.92 |
| 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 | 6.81 | 6.61 | 6.89 | 3.96 |
| 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 | 0.67 | 9.35 | 7.49 | 7.75 |
| 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 | 0.00 | 8.78 | 6.97 | 6.97 |
| 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 | 0.67 | 0.57 | 0.52 | 0.77 |
| Total Current Liabilities | 85.61 | 109.86 | 154.29 | 188.16 |
| Total Liabilities | 790.37 | 959.13 | 914.51 | 1392.45 |
| ASSETS | 0 | 0 | 0 | 0 |
| Gross Block | 498.18 | 568.44 | 215.60 | 1508.12 |
| Less: Accumulated Depreciation | 43.73 | 60.28 | 63.73 | 1270.30 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 454.45 | 508.16 | 151.87 | 237.82 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 0.60 | 0.60 | 62.94 | 0.00 |
| Non Current Investments | 0.00 | 0.10 | 0.00 | 0.00 |
| Long Term Investment | 0.00 | 0.10 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.10 | 0.00 | 0.00 |
| 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 | 455.05 | 508.86 | 214.82 | 237.82 |
| 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 | 43.73 | 52.91 | 90.09 | 227.04 |
| Raw Materials | 12.06 | 18.25 | 25.31 | 52.51 |
| Work-in Progress | 4.81 | 1.29 | 0.00 | 0.00 |
| Finished Goods | 26.86 | 33.37 | 64.79 | 174.52 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Inventory | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry Debtors | 94.77 | 96.54 | 89.41 | 255.40 |
| Debtors more than Six months | 33.14 | 32.48 | 3.31 | 0.00 |
| Debtors Others | 68.77 | 72.14 | 86.74 | 255.40 |
| Cash and Bank | 5.01 | 5.83 | 15.81 | 10.94 |
| Cash in hand | 0.26 | 1.12 | 1.10 | 0.54 |
| Balances at Bank | 4.75 | 4.71 | 14.71 | 10.40 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.50 | 0.50 | 3.50 | 0.00 |
| Interest accrued on Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 | 0.00 | 0.00 |
| Other current_assets | 0.50 | 0.50 | 3.50 | 0.00 |
| Short Term Loans and Advances | 191.31 | 294.50 | 499.86 | 599.86 |
| Advances recoverable in cash or in kind | 183.12 | 269.90 | 153.63 | 349.22 |
| Advance income tax and TDS | 12.21 | 26.42 | 22.05 | 14.35 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | -4.02 | -1.82 | 324.18 | 236.29 |
| Total Current Assets | 335.32 | 450.28 | 698.67 | 1093.24 |
| Net Current Assets (Including Current Investments) | 249.71 | 340.42 | 544.38 | 905.07 |
| Miscellaneous Expenses not written off | 0.00 | 0.00 | 1.02 | 61.39 |
| Total Assets | 790.37 | 959.13 | 914.51 | 1392.45 |
| Contingent Liabilities | 100.31 | 327.54 | 263.75 | 96.93 |
| Total Debt | 80.50 | 146.52 | 96.86 | 159.98 |
| Book Value | 49.34 | 55.54 | 55.13 | 81.81 |
| Adjusted Book Value | 4.93 | 5.55 | 5.51 | 8.18 |