1 a. Business Segment
 
 As the Company''s business activity falls within a single primary
 business segment,viz.Personal and Healthcare, the disclosure
 requirements of Accounting Standard-17 Segment Reporting, notified in
 the companies Accounting Standard Rules, 2006 are not applicable.
 
 2.  Derivative Instruments:
 
 The Company uses Forward Exchange Contracts and Options to hedge its
 risk associated with fluctuations in foreign currency and interest
 rates relating to foreign currency liabilities and some forecasted
 transactions related to foreign currency trade. The use of forward
 contracts and options is governed by companies overall strategy. The
 company does not use forward contract and options for speculative
 purposes.
 
 3.  Taxes on Sales is net of Rs. 1087.70 Lacs being reversal of excess
 provisions / payments made in earlier years
 
 4.  The assets of the company have been assessed for impairment in
 accordance with Accounting Standard 28 ''''Impairment of Assets,
 consequently, during the year an impairment reversal of Rs. 181.47 Lacs
 was recognised (P.Y. impairment charge of Rs. 181.47 Lacs).
 
 5.  There were no dues outstanding for more than 45 days to any Micro,
 Small and Medium Enterprises Creditor. The above information regarding
 Micro, Small and Medium Enterprise has been determined to the extent
 such communication has been received from the respective parties by the
 company. This has been relied upon by the Auditors.
 
 6.  Security for Term Loan from Banks of Rs. 4465.00 Lacs is yet to be
 created.
 
 7.  Loans & Advances include Security Deposit of Rs. 14.72 Lacs (Previous
 Year- Rs. 14.82 Lacs) due from Directors of the Company against
 tenancies. (Maximum amount outstanding during the year - Rs. 14.82 Lacs)
 (Previous Year -Rs. 15.01 Lacs).
 
 8. The Company has incurred a sum of Rs. 134.52 Lacs (Previous Year - Rs.
 168.64 Lacs) on Research & Development which is charged to the Profit
 and Loss account under Miscellaneous Expenses.
 
 9. a) Contingent Liabilities not provided for in respect of :
 
                                                    (Rs. in lacs)
 
                                   March 31, 2011    March 31, 2010
 
 i) Excise Duty demands                833.88           668.51
 
 ii) Service Tax                        35.91            35.91
 
 iii) Sales Tax demands under appeal 
 (Net of Advances)                     643.89           500.92
 
 iv) Income Tax                          5.22              --
 
 v) Other Taxes                          9.28             9.28
 
 vi) Claims against Company not
  acknowledged as Debts                 58.93            57.20
 
 Note : Contingent Liability disclosed above represent possible
 obligations where the possibility of cash outflow to settle the
 obligation is remote.
 
 10. The Company has entered into a Put Option Contract Agreement with
 ICICI Bank and Emami Paper Mills Limited in connection with the
 External Commercial Borrowings facilities availed of by Emami Paper
 Mills Limited from ICICI Bank for a sum of USD 16.50 million.
 
 11. The company had opted for accounting the exchange differences
 arising on reporting of long term foreign currency monetary items in
 line with Companies (Accounting Standards) Amendment Rules 2009 on
 Accounting Standard 11 notified by Government of India on March 31,
 2009.
 
 As per the above notification foreign exchange translation reserve of Rs.
 141.16 Lacs has been credited to Profit & Loss Account.
 
 12.  Amount due and outstanding to be credited to Investor Education
 and Protection Fund - Nil (Previous Year - Nil)
 
 13.  a. The Ministry of Corporate Affairs, Government of India vide its
 General Notification No. S.O.301(E) dated 8th
 February 2011 issued under Section 211(3) of the Companies Act, 1956
 has exempted certain classes of companies from disclosing certain
 information in their profit & loss account. The company being an
 manufacturing & trading company is entitled to the exemption.
 Accordingly, disclosures mandated by paragraphs 3(i)(a), 3(ii)(a) and
 3(ii)(b) of Part-II, Schedule VI to the Companies Act, 1956 have not
 been provided.
 
 b. The Ministry of Corporate Affairs, Government of India vide its
 General Circular No. 2 and 3 dated 8th February 2011 and 21st February
 2011 respectively has granted a general exemption from compliance with
 Section 212 of the Companies Act, 1956, subject to fulfillment of
 conditions stipulated in the circular. The company has satisfied the
 conditions stipulated in the circular and hence is entitled to the
 exemption. Necessary information relating to the subsidaries has been
 included in the Consolidated Financial Statements.
 
 14. Related Party Transactions :
 
 A.  Parties where Control exists :
 
 Subsidiaries % of Holding
 
 i) Emami UK Limited 100.00%
 
 ii) Emami Bangladesh Limited 100.00%
 
 iii) Emami- International FZE 100.00%
 
 iv) Emami Overseas FZE - Subsidiary of Emami International FZE (w.e.f.
 25/11/2010) 100.00%
 
 v) Pharma Derm SAE Co.- Subsidiary of Emami Overseas FZE (w.e.f.
 04/12/2010) 90.60%
 
 B.  Other Related Parties with whom transactions have taken place
 during the year i) Key Management Personnel
 
 1 Shri R. S. Agarwal
 
 2 Shri R. S. Goenka
 
 3 Shri Sushil Kr. Goenka
 
 ii) Relatives of Key Management Personnel
 
 1 Smt. Usha Agarwal
 
 2 Smt. Saroj Goenka
 
 3 Shri Mohan Goenka
 
 4 Shri A. V. Agarwal
 
 5 Shri Manish Goenka
 
 6 Shri H. V. Agarwal
 
 7 Smt. Priti Sureka
 
 iii) Entities where Key Management Personnel and their relatives have
 significant influence
 
 1 Diwakar Viniyog Private Limited
 
 2 Suntrack Commerce Private Limited
 
 3 Bhanu Vyapaar Private Limited
 
 4 Emami Paper Mills Limited
 
 5 Emami Foundation
 
 6 Bansilal Jankidevi Agarwal Trust
 
 7 Keshardeo Ratnidevi Goenka Trust
 
 8 Zandu Foundation Health Care
 
 9 Emami Infrastructure Limited
 
 10 Emami Realty Limited
 
 11 Zandu Realty Limited
 
 12 K.D. Goenka & Sons HUF
 
 13 R.S. Agarwal HUF
 
 14 Himani Ayurveda Science Foundation
 
 15 Aviro Vyapar Private Limited
 
 15. Previous year''s figures have been rearranged/regrouped wherever
 necessary