Accounting Standard

(AS 1) Disclosure of Accounting Policies

Accounting Standards Interpretation (ASI) 1 10-05-2002

(AS 2) Valuation of Inventories

(AS 3) Cash Flow Statements

(AS 4) Contingencies and Events Occuring after the Balance Sheet Date

(AS 5) Net Profit or Loss for the period,Prior Period and Extraordinary Items and Changes in Accounting Policies

Announcement- Limited Revision to Accounting Standards (AS) 5

(AS 6) Depreciation Accounting

(AS 7) Accounting for Construction contracts

Revised Accounting Standard (AS) 7, Construction Contracts 28-05-2002

(AS 8) Accounting for Research and Development

(AS 9) Revenue Recognition

(AS 10) Accounting for Fixed Assets

Announcement - Status of certain provisions of AS 10, Accounting for Fixed Assets,pursuant to the issuance of AS 19, Leases and AS 16, Borrowing Costs

(AS 11) Accounting for the Effects of Changes in Foreign Exchange Rates

(AS 11) (Revised 2003), The Effects of Changes in Foreign Exchange Rate 21-02-2003

(AS 12) Accounting for Government Grants

(AS 13) Accounting for Investments

Limited Revision to Accounting Standard (AS) 13, Accounting for Investments 06-02-2003

(AS 14) Accounting for Amalgamations

(AS 15) Accounting for Retirement Benefits in the Financial Statement of Employers

(AS 16) on Borrowing Costs

(AS 17) Segment Reporting

Disclosure of corresponding previous year figures in the first year of application of Accounting Standards (AS) 17, Segment Reporting 22-04-2002

(AS 18)  Accounting Standard 18, Related Party Disclosures

Applicability of Accounting Standards (AS) 18, Related Party Disclosures

Limited Revisions to Accounting Standard (AS) 18, Related Party Disclosures 06-02-2003

(AS 19) Leases

(AS 20) Earnings Per Share

(AS 21) Consolidated Financial Statements

(AS 22)Accounting for Taxes on Income

Clarification on Accounting Standards (AS) 22, Accounting for Taxes on Income

(AS 23) Accounting for Investments in Associates in Consolidated Financial Statements

(AS 24)Discontinuing Operations08-02-2002

Announcement - Accounting Standards (AS) 24, Discontinuing Operations 03-05-2002

(AS 25) Interim Financial Reporting 10-02-2002

(AS 26)Intangible Assets 21-02-2002

(AS 27) Financial Reporting of Interests in Joint Ventures 13-02-2002

(AS 28) Impairment of Assets 30-05-2002