| (Rs.in Million) |
| Particulars | Mar 2005 | Mar 2004 | Mar 2003 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 |
| Share Capital | 87.93 | 87.93 | 87.93 |
| Equity - Authorised | 200.00 | 200.00 | 200.00 |
| Equity - Issued | 87.93 | 87.93 | 87.93 |
| Equity Paid Up | 87.93 | 87.93 | 87.93 |
| 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 | 0.00 |
| Face Value | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 | 0.00 |
| Total Reserves | 462.63 | 491.49 | 494.81 |
| Securities Premium | 192.23 | 192.23 | 192.23 |
| Capital Reserves | 27.56 | 26.70 | 65.88 |
| Profit & Loss Account Balance | 97.85 | 75.06 | 41.71 |
| General Reserves | 145.00 | 197.50 | 195.00 |
| Other Reserves | 0.00 | 0.00 | 0.00 |
| Reserve excluding Revaluation Reserve | 462.63 | 491.49 | 494.81 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 550.56 | 579.42 | 582.74 |
| Minority Interest | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 |
| Secured Loans | 351.97 | 302.85 | 304.13 |
| Non Convertible Debentures | 0.00 | 0.00 | 0.00 |
| 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 | 351.97 | 302.85 | 304.13 |
| Unsecured Loans | 0.00 | 0.00 | 0.00 |
| Fixed Deposits - Public | 0.00 | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets / Liabilities | 32.81 | 60.02 | 66.49 |
| Deferred Tax Assets | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liability | 32.81 | 60.02 | 66.49 |
| 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 | 384.79 | 362.87 | 370.62 |
| Current Liabilities | 0 | 0 | 0 |
| Trade Payables | 107.33 | 95.80 | 118.92 |
| Sundry Creditors | 107.33 | 95.80 | 118.92 |
| Acceptances | 0.00 | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 22.23 | 64.80 | 8.96 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 0.00 | 0.00 | 0.00 |
| Interest Accrued But Not Due | 0.00 | 0.00 | 0.00 |
| 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 | 22.23 | 64.80 | 8.96 |
| 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 | 45.19 | 36.77 | 27.76 |
| Proposed Equity Dividend | 17.59 | 15.83 | 14.95 |
| Provision for Corporate Dividend Tax | 2.47 | 2.03 | 1.92 |
| Provision for Tax | 25.13 | 18.92 | 10.90 |
| Provision for post retirement benefits | 0.00 | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 | 0.00 |
| Other Provisions | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 174.74 | 197.37 | 155.64 |
| Total Liabilities | 1110.08 | 1139.66 | 1108.99 |
| ASSETS | 0 | 0 | 0 |
| Gross Block | 1095.18 | 1091.00 | 1145.93 |
| Less: Accumulated Depreciation | 748.19 | 622.10 | 589.51 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 |
| Net Block | 346.99 | 468.90 | 556.42 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 0.00 | 0.00 | 2.08 |
| Non Current Investments | 448.51 | 304.33 | 193.29 |
| Long Term Investment | 448.51 | 304.33 | 193.29 |
| Quoted | 0.00 | 0.00 | 3.76 |
| Unquoted | 448.51 | 304.33 | 189.52 |
| Long Term Loans & Advances | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 795.50 | 773.23 | 751.79 |
| Current Assets Loans & Advances | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 |
| Inventories | 138.18 | 148.36 | 130.38 |
| Raw Materials | 82.26 | 93.34 | 75.52 |
| Work-in Progress | 0.44 | 0.63 | 18.06 |
| Finished Goods | 26.58 | 20.84 | 25.91 |
| Packing Materials | 0.00 | 0.00 | 1.51 |
| Stores and Spare | 27.58 | 33.01 | 9.39 |
| Other Inventory | 1.31 | 0.53 | 0.00 |
| Sundry Debtors | 93.07 | 110.96 | 87.14 |
| Debtors more than Six months | 4.51 | 6.24 | 6.35 |
| Debtors Others | 93.07 | 110.96 | 87.14 |
| Cash and Bank | 6.52 | 10.70 | 10.34 |
| Cash in hand | 0.01 | 0.01 | 0.00 |
| Balances at Bank | 6.18 | 8.45 | 6.20 |
| Other cash and bank balances | 0.33 | 2.23 | 4.14 |
| Other Current Assets | 20.75 | 13.23 | 49.07 |
| Interest accrued on Investments | 0.00 | 0.00 | 0.00 |
| 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 | 15.94 | 10.36 | 4.68 |
| Prepaid Expenses | 4.80 | 2.87 | 39.32 |
| Other current_assets | 0.00 | 0.00 | 5.07 |
| Short Term Loans and Advances | 56.06 | 83.19 | 80.27 |
| Advances recoverable in cash or in kind | 0.81 | 0.67 | 0.21 |
| Advance income tax and TDS | 9.02 | 14.58 | 14.47 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 33.00 | 54.78 | 57.40 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 13.24 | 13.16 | 8.19 |
| Total Current Assets | 314.58 | 366.43 | 357.20 |
| Net Current Assets (Including Current Investments) | 139.84 | 169.06 | 201.56 |
| Miscellaneous Expenses not written off | 0.00 | 0.00 | 0.00 |
| Total Assets | 1110.08 | 1139.66 | 1108.99 |
| Contingent Liabilities | 0.00 | 0.00 | 0.00 |
| Total Debt | 351.97 | 302.85 | 304.13 |
| Book Value | 62.62 | 65.90 | 66.27 |
| Adjusted Book Value | 62.62 | 65.90 | 66.27 |