WALCHAND PEOPLEFIRST LIMITED
BALANCE SHEET AS AT MARCH  31, 2009
				Rupees in Lacs
	Schedule		As At 31.03.2009	As At 31.03.2008
SOURCES OF FUNDS :
SHAREHOLDERS' FUND
Share Capital	A		284.89	284.89
Reserves & Surplus	B		1,838.14	1,956.77
LOAN FUNDS
Secured Loans	C		5.43	8.41
Unsecured Loans	D		33.50
	TOTAL		2,161.96	2,250.07
APPLICATION OF FUNDS :
FIXED ASSETS
Gross Block	E		463.19	489.43
Less : Depreciation			224.17	227.45
NET BLOCK			239.02	261.98
Investments	F		1,518.12	1,229.64
Deferred Tax Assets (Net)			28.05	174.63
Current Assets, Loans And Advances
Cash and Bank Balances	G		6.52	43.73
Other Current Assets	H		6.67	6.81
Application Money			-	251.06
Loans and Advances	I		696.31	640.75
			709.50	942.35
Less : Current Liabilities and Provisions
Current Liabilities	J		127.92	121.41
Provisions	K		204.82	237.12
			332.74	358.53
NET CURRENT ASSETS			376.77	583.82
				-
	TOTAL		2,161.96	2,250.07
SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS	' O '
As per our attached report of even date		FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
For Haribhakti & Co.
Chartered Accountants
		PALLAVI JHA __________________________
		Chairperson & Managing Director
		SANJAY JHA    __________________________
		Whole Time  Director
		HARSHAD MANE _________________________
		Company Secretary
RAKESH RATHI
Partner		SURESH JHANWAR _________________________
		Associate Vice President - Finance
Place : Mumbai
Date : 28.04.2009