WALCHAND PEOPLEFIRST LIMITED
BALANCE SHEET AS AT MARCH  31, 2008
			Rupees in Lacs
	Schedule	As At 31.03.2008	As At 31.03.2007
SOURCES OF FUNDS :
SHAREHOLDERS' FUND
Share Capital	A	284.89	284.89
Reserves & Surplus	B	1,956.76	1,356.09
LOAN FUNDS
Secured Loans	C	8.41	16.84
	TOTAL	2,250.06	1,657.82
APPLICATION OF FUNDS :
FIXED ASSETS
Gross Block	D	489.43	576.69
Less : Depreciation		227.45	243.98
NET BLOCK		261.98	332.71
Investments	E	1,229.64	794.03
Deferred Tax Assets		174.63	227.67
Current Assets, Loans And Advances
Sundry Debtors	F	-	136.37
Cash and Bank Balances	G	43.73	70.77
Other Current Assets	H	6.81	6.98
Application Money		251.06	-
Loans and Advances	I	640.75	451.41
		942.35	665.53
Less : Current Liabilities and Provisions
Current Liabilities	J	121.41	214.07
Provisions	K	237.12	148.04
		358.54	362.11
NET CURRENT ASSETS		583.81	303.41
			-
	TOTAL	2,250.06	1,657.82
ACCOUNTING POLICIES AND NOTES TO ACCOUNTS	' O '	FOR AND ON BEHALF OF THE BOARD
As per our attached report of even date		PALLAVI JHA   ___________________
For Haribhakti & Co.		Chairperson & Managing Director
Chartered Accountants
		M. N. BHAGWAT __________________
		Director
		V.  K.  VERMA       __________________
		Director
		POONAM BARUA __________________
		Director
		SANJAY JHA       ___________________
		Whole Time  Director
		KAMALINI BAHUBALI________________
CHETAN DESAI		Director
Partner
		Dr.S. C. JHA    _____________________
		Director
		DIVYA MOMAYA   __________________
		Company Secretary
		SHEFALI SAXENA  _________________
		Vice President - Finance
Place : Mumbai		Place : Mumbai
Date : 21.04.2008		Date : 21.04.2008