| (Rs.in Million) |
| Particulars | Mar 2005 | Mar 2004 | Mar 2003 | Mar 2002 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 |
| Share Capital | 60.00 | 60.00 | 60.00 | 60.00 |
| Equity - Authorised | 70.50 | 70.50 | 70.50 | 70.50 |
| Equity - Issued | 60.00 | 60.00 | 60.00 | 60.00 |
| Equity Paid Up | 60.00 | 60.00 | 60.00 | 60.00 |
| 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 | 211.14 | 185.57 | 178.24 | 180.39 |
| Securities Premium | 1.33 | 1.33 | 1.33 | 1.33 |
| Capital Reserves | 6.60 | 6.60 | 6.60 | 6.60 |
| Profit & Loss Account Balance | 0.00 | 0.00 | 7.25 | 3.82 |
| General Reserves | 203.21 | 177.64 | 163.06 | 161.80 |
| Other Reserves | 0.00 | 0.00 | 0.00 | 6.84 |
| Reserve excluding Revaluation Reserve | 211.14 | 185.57 | 178.24 | 180.39 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 271.14 | 245.57 | 238.24 | 240.38 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 85.65 | 142.17 | 191.92 | 134.79 |
| 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 | 30.58 | 108.44 | 116.05 | 70.78 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Secured | 55.07 | 33.73 | 75.88 | 64.01 |
| Unsecured Loans | 172.52 | 170.93 | 84.37 | 83.71 |
| Fixed Deposits - Public | 83.33 | 80.15 | 83.85 | 82.32 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 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 | 88.36 | 89.81 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 0.83 | 0.98 | 0.53 | 1.39 |
| Deferred Tax Assets / Liabilities | 21.16 | 11.51 | 11.39 | 0.00 |
| Deferred Tax Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liability | 21.16 | 11.51 | 11.39 | 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 | 279.33 | 324.61 | 287.69 | 218.49 |
| Current Liabilities | 0 | 0 | 0 | 0 |
| Trade Payables | 250.98 | 206.13 | 235.76 | 182.89 |
| Sundry Creditors | 250.98 | 206.13 | 235.76 | 182.89 |
| 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 | 214.94 | 164.98 | 111.78 | 47.14 |
| 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 | 4.29 | 5.05 | 5.70 | 5.52 |
| 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 | 210.65 | 159.93 | 106.08 | 41.62 |
| 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 | 13.68 | 6.78 | 0.00 | 0.00 |
| Proposed Equity Dividend | 12.00 | 6.00 | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 1.68 | 0.78 | 0.00 | 0.00 |
| Provision for Tax | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 479.60 | 377.89 | 347.54 | 230.03 |
| Total Liabilities | 529.32 | 558.68 | 873.47 | 688.91 |
| ASSETS | 0 | 0 | 0 | 0 |
| Gross Block | 844.94 | 812.26 | 716.95 | 571.83 |
| Less: Accumulated Depreciation | 320.79 | 315.04 | 304.43 | 308.73 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 524.15 | 497.22 | 412.52 | 263.10 |
| Lease Adjustment A/c | 0.00 | 0.00 | -0.09 | 0.00 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Non Current Investments | 1.35 | 2.11 | 7.14 | 7.11 |
| Long Term Investment | 1.35 | 2.11 | 7.14 | 7.11 |
| Quoted | 1.30 | 1.95 | 6.95 | 6.95 |
| Unquoted | 0.05 | 0.16 | 0.18 | 0.16 |
| 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 | 525.50 | 499.33 | 419.56 | 270.21 |
| 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 | 112.30 | 69.95 | 103.78 | 98.72 |
| Raw Materials | 7.01 | 7.88 | 6.35 | 11.85 |
| Work-in Progress | 0.00 | 0.00 | 0.00 | 0.00 |
| Finished Goods | 80.30 | 36.01 | 70.53 | 59.44 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 22.51 | 23.58 | 24.21 | 24.84 |
| Other Inventory | 2.48 | 2.49 | 2.68 | 2.60 |
| Sundry Debtors | 232.75 | 244.60 | 219.54 | 182.95 |
| Debtors more than Six months | 68.17 | 51.58 | 219.54 | 182.95 |
| Debtors Others | 164.58 | 193.02 | 0.00 | 0.00 |
| Cash and Bank | 19.44 | 22.29 | 8.13 | 11.97 |
| Cash in hand | 2.04 | 2.36 | 2.35 | 2.03 |
| Balances at Bank | 17.40 | 13.77 | 5.78 | 9.93 |
| Other cash and bank balances | 0.00 | 6.15 | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 140.09 | 111.91 | 122.47 | 125.06 |
| Advances recoverable in cash or in kind | 122.85 | 97.34 | 69.62 | 69.36 |
| Advance income tax and TDS | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 14.50 | 14.00 | 52.49 | 54.99 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 2.75 | 0.56 | 0.36 | 0.71 |
| Total Current Assets | 504.58 | 448.75 | 453.91 | 418.70 |
| Net Current Assets (Including Current Investments) | 24.98 | 70.86 | 106.37 | 188.67 |
| Miscellaneous Expenses not written off | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 529.32 | 558.68 | 873.47 | 688.91 |
| Contingent Liabilities | 72.60 | 35.46 | 0.00 | 44.87 |
| Total Debt | 258.17 | 313.10 | 276.29 | 218.49 |
| Book Value | 45.19 | 40.93 | 39.71 | 40.06 |
| Adjusted Book Value | 45.19 | 40.93 | 39.71 | 40.06 |