| (Rs.in Million) |
| Particulars | Mar 2004 | Mar 2003 |
| EQUITY AND LIABILITIES | 0 | 0 |
| Share Capital | 128.74 | 171.65 |
| Equity - Authorised | 200.00 | 200.00 |
| Equity - Issued | 128.74 | 186.01 |
| Equity Paid Up | 128.74 | 171.65 |
| 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 | 0.05 | 0.05 |
| Total Reserves | 235.61 | 539.78 |
| Securities Premium | 464.51 | 516.00 |
| Capital Reserves | 7.18 | 7.18 |
| Profit & Loss Account Balance | -278.99 | 16.60 |
| General Reserves | 0.00 | 0.00 |
| Other Reserves | 42.91 | 0.00 |
| Reserve excluding Revaluation Reserve | 235.61 | 539.78 |
| Revaluation reserve | 0.00 | 0.00 |
| Shareholder's Funds | 364.39 | 711.48 |
| Minority Interest | 0.52 | 8.27 |
| Long-Term Borrowings | 0.00 | 0.00 |
| Secured Loans | 0.26 | 0.97 |
| 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 | 0.06 | 0.46 |
| Term Loans - Institutions | 0.00 | 0.00 |
| Other Secured | 0.20 | 0.52 |
| 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 | 0.00 | 0.00 |
| Deferred Tax Assets | 0.00 | 0.00 |
| Deferred Tax Liability | 0.00 | 0.00 |
| 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 | 0.26 | 0.97 |
| Current Liabilities | 0 | 0 |
| Trade Payables | 22.20 | 34.33 |
| Sundry Creditors | 22.20 | 34.33 |
| Acceptances | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 |
| Other Current Liabilities | 0.15 | 0.00 |
| Bank Overdraft / Short term credit | 0.01 | 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 | 0.13 | 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 | 0.00 | 0.00 |
| Proposed Equity Dividend | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 |
| Provision for Tax | 0.00 | 0.00 |
| Provision for post retirement benefits | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 |
| Other Provisions | 0.00 | 0.00 |
| Total Current Liabilities | 22.35 | 34.33 |
| Total Liabilities | 387.51 | 755.05 |
| ASSETS | 0 | 0 |
| Gross Block | 357.25 | 351.18 |
| Less: Accumulated Depreciation | 97.70 | 67.29 |
| Less: Impairment of Assets | 0.00 | 0.00 |
| Net Block | 259.55 | 283.89 |
| Lease Adjustment A/c | 0.00 | 0.00 |
| Capital Work in Progress | 0.00 | 12.50 |
| Non Current Investments | 0.00 | 226.27 |
| Long Term Investment | 0.00 | 226.27 |
| Quoted | 0.00 | 1.04 |
| Unquoted | 0.00 | 225.23 |
| Long Term Loans & Advances | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 |
| Total Non-Current Assets | 259.55 | 522.66 |
| Current Assets Loans & Advances | 0 | 0 |
| Currents Investments | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 |
| Inventories | 0.83 | 0.00 |
| Raw Materials | 0.00 | 0.00 |
| Work-in Progress | 0.00 | 0.00 |
| Finished Goods | 0.00 | 0.00 |
| Packing Materials | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 |
| Other Inventory | 0.83 | 0.00 |
| Sundry Debtors | 43.18 | 36.12 |
| Debtors more than Six months | 4.18 | 1.56 |
| Debtors Others | 46.90 | 43.21 |
| Cash and Bank | 9.72 | 35.68 |
| Cash in hand | 0.26 | 0.11 |
| Balances at Bank | 9.46 | 35.57 |
| 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 | 73.09 | 159.11 |
| Advances recoverable in cash or in kind | 167.06 | 15.34 |
| Advance income tax and TDS | 2.40 | 2.27 |
| 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 | -96.38 | 141.49 |
| Total Current Assets | 126.82 | 230.91 |
| Net Current Assets (Including Current Investments) | 104.47 | 196.59 |
| Miscellaneous Expenses not written off | 1.14 | 1.47 |
| Total Assets | 387.51 | 755.05 |
| Contingent Liabilities | 0.00 | 0.00 |
| Total Debt | 0.26 | 0.97 |
| Book Value | 28.21 | 41.36 |
| Adjusted Book Value | 0.00 | 0.00 |