| (Rs.in Million) |
| Particulars | Mar 2005 | Mar 2004 | Mar 2003 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 |
| Share Capital | 257.50 | 157.50 | 432.50 |
| Equity - Authorised | 500.00 | 500.00 | 500.00 |
| Equity - Issued | 257.50 | 157.50 | 157.50 |
| Equity Paid Up | 257.50 | 157.50 | 157.50 |
| Equity Shares Forfeited | 0.00 | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 | 275.00 |
| Face Value | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 | 0.00 |
| Total Reserves | 843.82 | 1023.10 | 1122.97 |
| Securities Premium | 320.70 | 661.22 | 701.20 |
| Capital Reserves | 0.00 | 0.00 | 0.00 |
| Profit & Loss Account Balance | 278.84 | 126.25 | 144.49 |
| General Reserves | 38.30 | 14.98 | 10.01 |
| Other Reserves | 205.99 | 220.65 | 267.27 |
| Reserve excluding Revaluation Reserve | 843.82 | 1023.10 | 1122.97 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 1101.33 | 1180.60 | 1555.47 |
| Minority Interest | 15.24 | 7.68 | 3.16 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 |
| Secured Loans | 4.66 | 2.17 | 716.37 |
| Non Convertible Debentures | 0.00 | 0.00 | 614.13 |
| 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 | 0.00 |
| Term Loans - Banks | 0.00 | 0.00 | 0.00 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 |
| Other Secured | 4.66 | 2.17 | 102.24 |
| Unsecured Loans | 2236.56 | 3573.74 | 1009.83 |
| Fixed Deposits - Public | 0.00 | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 16.56 | 3543.74 | 977.80 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 |
| Loans - Banks | 650.00 | 30.00 | 30.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 |
| Loans - Others | 400.00 | 0.00 | 2.03 |
| Other Unsecured Loan | 1170.00 | 0.00 | 0.00 |
| Deferred Tax Assets / Liabilities | -34.54 | 15.92 | 15.13 |
| Deferred Tax Assets | 37.03 | 11.14 | 18.70 |
| Deferred Tax Liability | 2.49 | 27.06 | 33.82 |
| 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 | 2206.68 | 3591.84 | 1741.33 |
| Current Liabilities | 0 | 0 | 0 |
| Trade Payables | 111.45 | 157.34 | 126.38 |
| Sundry Creditors | 111.45 | 157.34 | 126.38 |
| Acceptances | 0.00 | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 136.40 | 176.28 | 443.21 |
| Bank Overdraft / Short term credit | 42.07 | 41.19 | 317.03 |
| Advances received from customers | 13.88 | 12.75 | 19.34 |
| Interest Accrued But Not Due | 10.55 | 30.01 | 21.77 |
| 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 | 69.90 | 92.34 | 85.06 |
| 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 | 90.35 | 22.45 | 96.17 |
| Proposed Equity Dividend | 69.99 | 15.75 | 68.77 |
| Provision for Corporate Dividend Tax | 9.73 | 0.00 | 10.85 |
| Provision for Tax | 0.00 | 0.00 | 0.00 |
| Provision for post retirement benefits | 10.63 | 4.69 | 0.68 |
| Preference Dividend | 0.00 | 0.00 | 0.00 |
| Other Provisions | 0.00 | 2.02 | 15.88 |
| Total Current Liabilities | 338.19 | 356.07 | 665.75 |
| Total Liabilities | 3357.78 | 4764.20 | 3284.83 |
| ASSETS | 0 | 0 | 0 |
| Loans (Non - Current Assets) | 0.00 | 0.00 | 0.00 |
| Gross Block | 381.82 | 1255.71 | 1459.95 |
| Less: Accumulated Depreciation | 134.98 | 276.99 | 187.26 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 |
| Net Block | 246.85 | 978.72 | 1272.69 |
| Lease Adjustment A/c | -0.78 | -31.48 | -31.08 |
| Capital Work in Progress | 1.43 | 1.75 | 0.56 |
| Non Current Investments | 8.35 | 38.30 | 12.34 |
| Long Term Investment | 8.35 | 38.30 | 12.34 |
| Quoted | 0.00 | 0.00 | 0.00 |
| Unquoted | 8.35 | 224.00 | 237.06 |
| Long Term Loans & Advances | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 255.85 | 987.29 | 1254.50 |
| Current Assets Loans & Advances | 0 | 0 | 0 |
| Currents Investments | 368.26 | 391.44 | 618.81 |
| Quoted | 0.00 | 0.00 | 0.00 |
| Unquoted | 368.26 | 391.44 | 618.81 |
| Inventories | 59.01 | 1.51 | 10.20 |
| Raw Materials | 0.00 | 0.00 | 0.00 |
| Work-in Progress | 0.00 | 0.00 | 0.00 |
| Finished Goods | 0.00 | 0.00 | 0.00 |
| Packing Materials | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 | 0.00 |
| Other Inventory | 59.01 | 1.51 | 10.20 |
| Sundry Debtors | 124.15 | 150.79 | 208.87 |
| Debtors more than Six months | 24.91 | 88.80 | 101.44 |
| Debtors Others | 99.24 | 61.99 | 107.43 |
| Cash and Bank | 55.90 | 34.90 | 684.65 |
| Cash in hand | 0.30 | 0.85 | 0.59 |
| Balances at Bank | 55.60 | 32.91 | 97.22 |
| Other cash and bank balances | 0.00 | 1.15 | 586.85 |
| Other Current Assets | 31.91 | 55.98 | 125.82 |
| Interest accrued on Investments | 6.12 | 0.34 | 3.71 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 | 0.00 |
| Interest accrued and or due on loans | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 | 0.00 |
| Other current_assets | 25.79 | 55.64 | 122.11 |
| Short Term Loans and Advances | 2765.67 | 3511.99 | 1059.64 |
| Advances recoverable in cash or in kind | 65.20 | 88.21 | 57.36 |
| Advance income tax and TDS | 77.86 | 63.09 | 55.18 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 151.30 | 44.52 | 10.90 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 2471.33 | 3316.18 | 936.21 |
| Total Current Assets | 3404.89 | 4146.62 | 2707.98 |
| Net Current Assets (Including Current Investments) | 3066.70 | 3790.54 | 2042.23 |
| Miscellaneous Expenses not written off | 0.68 | 2.29 | 3.22 |
| Total Assets | 3357.78 | 4764.20 | 3284.83 |
| Contingent Liabilities | 185.11 | 236.88 | 185.69 |
| Total Debt | 2241.22 | 3575.92 | 1726.20 |
| Book Value | 42.74 | 74.81 | 81.09 |
| Adjusted Book Value | 42.74 | 74.81 | 81.09 |