| (Rs.in Million) |
| Particulars | Mar 2003 | Mar 2002 |
| EQUITY AND LIABILITIES | 0 | 0 |
| Share Capital | 230.40 | 230.40 |
| Equity - Authorised | 250.00 | 250.00 |
| Equity - Issued | 233.48 | 233.48 |
| Equity Paid Up | 230.40 | 230.40 |
| 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 | 530.50 | 557.59 |
| Securities Premium | 615.93 | 615.93 |
| Capital Reserves | 111.00 | 111.00 |
| Profit & Loss Account Balance | -235.34 | -210.07 |
| General Reserves | 4.00 | 4.00 |
| Other Reserves | 34.90 | 36.72 |
| Reserve excluding Revaluation Reserve | 512.88 | 538.15 |
| Revaluation reserve | 17.62 | 19.43 |
| Shareholder's Funds | 760.89 | 787.98 |
| Minority Interest | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 |
| Secured Loans | 158.35 | 250.51 |
| 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 | 129.96 | 183.73 |
| Term Loans - Institutions | 0.00 | 0.00 |
| Other Secured | 28.39 | 66.79 |
| Unsecured Loans | 200.42 | 158.43 |
| 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 | 6.90 | 6.90 |
| Loans - Govt. | 0.00 | 0.00 |
| Loans - Others | 4.43 | 4.49 |
| Other Unsecured Loan | 189.09 | 147.04 |
| Deferred Tax Assets / Liabilities | 0.00 | 0.00 |
| Deferred Tax Assets | 6.81 | 6.81 |
| Deferred Tax Liability | 6.81 | 6.81 |
| 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 | 358.77 | 408.95 |
| Current Liabilities | 0 | 0 |
| Trade Payables | 122.79 | 171.73 |
| Sundry Creditors | 122.79 | 171.73 |
| Acceptances | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 |
| Other Current Liabilities | 106.17 | 78.07 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 |
| Advances received from customers | 3.11 | 1.91 |
| 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 | 103.06 | 76.16 |
| 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 | 0.09 | 8.93 |
| Proposed Equity Dividend | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 |
| Provision for Tax | 0.09 | 8.93 |
| Provision for post retirement benefits | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 |
| Other Provisions | 0.00 | 0.00 |
| Total Current Liabilities | 229.05 | 258.74 |
| Total Liabilities | 1348.71 | 1455.66 |
| ASSETS | 0 | 0 |
| Gross Block | 308.23 | 308.95 |
| Less: Accumulated Depreciation | 245.12 | 233.91 |
| Less: Impairment of Assets | 0.00 | 0.00 |
| Net Block | 63.11 | 75.04 |
| Lease Adjustment A/c | 7.16 | 5.15 |
| Capital Work in Progress | 53.01 | 53.01 |
| Non Current Investments | 701.03 | 631.64 |
| Long Term Investment | 701.03 | 631.64 |
| Quoted | 588.10 | 593.62 |
| Unquoted | 123.48 | 48.57 |
| Long Term Loans & Advances | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 |
| Total Non-Current Assets | 824.31 | 764.83 |
| Current Assets Loans & Advances | 0 | 0 |
| Currents Investments | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 |
| Inventories | 25.13 | 22.72 |
| Raw Materials | 8.30 | 7.56 |
| Work-in Progress | 6.63 | 2.58 |
| Finished Goods | 5.04 | 7.09 |
| Packing Materials | 0.00 | 0.00 |
| Stores and Spare | 5.15 | 5.48 |
| Other Inventory | 0.00 | 0.00 |
| Sundry Debtors | 73.97 | 87.73 |
| Debtors more than Six months | 74.89 | 81.34 |
| Debtors Others | 11.95 | 20.20 |
| Cash and Bank | 9.83 | 7.74 |
| Cash in hand | 0.60 | 2.03 |
| Balances at Bank | 9.23 | 5.71 |
| 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 | 396.44 | 572.65 |
| Advances recoverable in cash or in kind | 394.96 | 562.60 |
| Advance income tax and TDS | 3.77 | 12.69 |
| 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 | -2.30 | -2.64 |
| Total Current Assets | 505.36 | 690.82 |
| Net Current Assets (Including Current Investments) | 276.32 | 432.09 |
| Miscellaneous Expenses not written off | 19.04 | 0.01 |
| Total Assets | 1348.71 | 1455.66 |
| Contingent Liabilities | 2353.54 | 2542.71 |
| Total Debt | 358.77 | 408.95 |
| Book Value | 31.43 | 33.36 |
| Adjusted Book Value | 31.43 | 33.36 |