BALANCE SHEET AS AT 31ST MARCH 2013

( In Crores) Note No. As at 31st March 2013 As at 31st March 2012 EQUITY AND LIABILITIES Shareholders' Funds Share capital 1 55.90 55.90 Reserves & surplus 2 1680.33 1555.41 Total (A) 1736.23 1611.32 Non-Current Liabilities Long term borrowings 3 711.23 611.32 Deferred tax liabilities (Net) 7.74 7.72 (Refer para no. 14 of Note 23) Long-term provisions 4 2.49 4.10 Total (B) 721.46 623.14 Current Liabilities Short term borrowings 5 6.67 35.53 Trade payables 6 123.14 63.88 Other current liabilities 7 389.76 598.68 Short-term provisions 8 49.94 35.74 Total (C) 569.51 733.83 Total (A)+(B)+(C) 3027.20 2968.29 ASSETS Non-Current Assets Fixed Assets 9 Tangible assets 53.42 56.42 Capital work in progress 0.22 0.22 Total (A) 53.64 56.64 Non-current investments 10 247.04 232.96 Advance to employees ESOP Trust 27.35 27.74 Long term loans and advances 11 1789.80 1590.74 Total (B) 2064.19 1851.44 Current Assets Current investments 12 0.00 2.70 Inventories 13 302.92 277.34 Trade receivables 14 96.59 321.37 Cash and Bank balances 15 260.07 336.19 Short-term loans and advances 16 166.57 69.48 Other current assets 17 83.22 53.13 Total (C) 909.37 1060.21 Total (A)+(B)+(C) 3027.20 2968.29 Significant accounting policies 22 Notes forming part of accounts 23

As per our attached report of even date For and on behalf of the Board of Directors For Haribhakti & Co. Urvi A. Piramal Rajeev A. Piramal Mahesh S. Gupta Chartered Accountants Chairperson Vice Chairman & Managing Director Group Managing Director Chetan Desai Bhavna Doshi C.M. Hattangdi Amitabha Ghosh Partner Director Director Director Place: Mumbai Sudhindar Khanna Bharat Sanghavi Rajshekhar Reddy Date : 27th May 2013 Director Chief Financial Officer Company Secretary