1.  Issue of Warrants
 
 During the year, the Company has allotted 6,00,000 convertible equity
 warrants on 11th August, 2010 to Promoters/Persons forming Promoter
 Group, entitling each holder to obtain allotment of one equity share
 against each such warrant at a price of Rs.430.45/-. As per the terms
 of issue of equity warrant, an amount equivalent to 25% of the issue
 price aggregating to Rs.64,568 (''000) was received and is retained
 under share warrants.
 
 As per the terms of issue, the holder of equity warrants will have an
 option to apply for and be allotted one equity share of the Company per
 equity warrant at any time after the allotment of equity warrant but on
 or before the expiry of 18 months from the date of allotment of equity
 warrant, in one or more tranches.
 
 2.  Preferential Issue of Shares
 
 During the year, the Company has issued 39,11,500 equity shares of
 Rs.10/- each at a premium of Rs.510.87/- on preferential basis to M/s.
 SKIL Infrastructure Limited on 9th December 2010. Post issue of shares,
 M/s. SKIL Infrastructure Limited is categorised as Co- promoter.
 
 3.  Contingent liability
 
                                                  Rs. in'' 000
 
 Particulars                          Year Ended      Year Ended
                                      31.3.2011       31.3.2010
 
 Bank Guarantee issued by
 banks                                 3,74,849        4,24,966
 
 Corporate Guarantee
 issued on behalf of
 Subsidiary Companies                  4,16,000            –
 
 Corporate Guarantee
 issued to banks for secured
 loans to third party                  10,11,200       5,91,200
 
 Bills Discounted                           –          1,89,896
 
 LC Issued by Banks                         –          1,72,215
 
 Taxes, Duties and others                  7,400           –
 
 4.  Operating leases
 
 The Company has entered into operating lease arrangement for its Office
 facilities and equipments. These leases are for a period
 
 ranging from 1 to 5 years with an option to the Company for renewing at
 the end of the initial term. Equipment Rental / Rental for operating
 leases is added in Profit and Loss Account for the year Rs.3,51,076/-
 (000) (PY Rs.1,91,898/- (000))
 
 The lease agreements for the above non- cancelable leases do not
 provide for any escalation and the same has been factored in the future
 minimum rentals as disclosed above.
 
 5.  Employee Stock Option Scheme (ESOP)
 
 During the financial year 2006-07, the Company has established Employee
 Stock Option Scheme, 2006 under which 2,57,053 equity shares have been
 allotted for Rs.10/- each at par to Everonn Employee Welfare Trust, a
 trust specifically formed for this purpose with an option vesting
 period of 8 years. As per the scheme, the Compensation Committee grants
 options to the employees deemed eligible for this purpose. The options
 are granted at par and the shares granted vest over a period of 1 to 3
 years and can be exercised over a maximum period of 8 years from the
 date of vesting.
 
 * The money realised by exercise of options by the employees has been
 transferred to the Everonn Employees Welfare Trust as shares given to
 the employees were transferred from the Trust.
 
 Notes:
 
 1.  Represents issue of Convertible equity warrants to
 
 a.  Mr. P.Kishore Rs.53,806 (000) (Previous Year Nil)
 
 b.  Mrs. Susha John Rs.10,762 (000) (Previous Year Nil)
 
 2.  Includes remuneration to
 
 a.  Mr. P.Kishore Rs.10,012 (000) (Previous Year Rs.5,959 (000))
 
 b.  Mrs. Susha John Rs.7,442 (000) (Previous Year Rs.4,274 (000))
 
 3.  Includes investment made in
 
 a.  Everonn Infrastructure Limited Rs.15,000 (000) (Previous Year Nil)
 
 b.  Toppers Tutorial Private Limited Rs.65,000 (000) (Previous Year
 Rs.65,000 (000))
 
 c.  Everonn Educational Resources Solutions Limited Rs.Nil (000)
 (Previous Year Rs.40,000(000))
 
 d.  Everonn Skill Development Limited Rs.30,000 (000) (Previous Year
 Rs.30,500 (000)) (During the year 100% shares transferred to M/s.
 Edifications India Limited (100% Subsidiary Company of the Company)
 
 e.  Everonn Business Education Limited Rs.2,20,000 (000) (Previous Year
 Rs.500 (000))
 
 f.  Everonn School Limited Rs.60,500 (000) (Previous Year Nil)
 
 g.  Everonn Medical Education Limited Rs.500 (000) (Previous Year Nil)
 
 h. Everonn Technical Education India Limited Rs.500 (000) (Previous
 Year Nil)
 
 i.  Everonn Sport Management Limited Rs.500 (000) (Previous Year Nil)
 
 j.  Edifications India Limited Rs.2,10,500 (000) (Previous Year Nil)
 
 k. Everonn Dassani Literate Limited Rs.300 (000) (Previous Year Nil)
 
 l.  Everonn Knowledge & Education Corridor Limited Rs.500 (000)
 (Previous Year Nil)
 
 6. Acquisitions/Subscriptions
 
 During the year, the Company has subscribed 52,000 equity shares for a
 total consideration of Rs.65,000 (000) in its wholly owned subsidiary
 in Toppers Tutorial Private Limited.
 
 During the year, the Company has subscribed 15,00,000 equity shares for
 a total consideration of Rs.15,000 (000) in its wholly owned subsidiary
 in Everonn Infrastructure Limited.
 
 During the year, the Company has subscribed 20,00,000 equity shares for
 a total consideration of Rs.30,000 (000) in its wholly owned subsidiary
 in Everonn Skill Development Limited.
 
 During the year, the Company has subscribed 22,00,000 equity shares for
 a total consideration of Rs.2,20,000 (000) in its wholly owned 
 subsidiary in Everonn Business Education Limited.
 
 During the year, the Company has subscribed 24,50,000 equity shares for
 a total consideration of Rs.60,500 (000) in its wholly owned subsidiary
 in Everonn School Limited.
 
 During the year, the Company has subscribed 50,000 equity shares for a
 total consideration of Rs.500 (000) in its wholly owned subsidiary in
 Everonn Medical Education Limited.
 
 During the year, the Company has subscribed 50,000 equity shares for a
 total consideration of Rs.500 (000) in its wholly owned subsidiary in
 Everonn Technical Education India Limited.
 
 During the year, the Company has subscribed 50,000 equity shares for a
 total consideration of Rs.500 (000) in its wholly owned subsidiary in
 Everonn Sport Management Limited.
 
 During the year, the Company has subscribed 60,50,000 equity shares for
 a total consideration of Rs.2,10,500 (000) in its wholly owned
 subsidiary in Edifications India Limited.
 
 During the year, the Company has subscribed 50,000 equity shares for a
 total consideration of Rs.500 (000) in its wholly owned subsidiary in
 Everonn Knowledge & Education Corridor Limited.
 
 During the year, the Company has subscribed to 60% stake (30,000 equity
 shares) in Everonn Dassani Literate Limited for a total consideration
 of Rs.300 (000).
 
 7. Circulation of Confirmation of balances from Debtors and Creditors
 have been made during the year but in few cases the same is yet to be
 received from customers/ parties.
 
 8. Disclosures under Micro, Small and Medium Enterprises Development
 Act, 2006 There are no dues to Micro, Small and Medium Enterprises, as
 defined in the Micro, Small and Medium Enterprises Development Act,
 2006 which are identified by the Company based on enquiries with the
 parties and information available with the Company and are relied upon
 by the auditors.  
 
 9. The Company is engaged in the business of providing education and
 training and related sale of equipments. There being only one “business
 segment” and “geographical segment” the segment information is not
 provided.
 
 10.  The Company has entered into an agreement for purchase of 130,000
 sq.ft. of office space at Plot Nos.  96-99, Perungudi Industrial
 Estate, Chennai 600 096 for a consideration of Rs.55.00 Crores payable
 after 36 months together with interest @ HDFC base PLR plus additional
 3%.
 
 The Company has purchased III floor measuring 43,000 sq.ft. for a
 consideration of Rs.1,91,200 (000). The Company has advanced Rs.48,811
 (000) against acquisition of balance two floors.
 
 11. During the year, the Company has charged interest on advances given
 to subsidiaries at 10% per annum.
 
 12. Secured Loans
 
 i. The Debentures are secured by way of a first pari-passu charge on
 certain moveable assets.
 
 ii. Cash Credit facility availed from banks is secured by Hypothecation
 of entire current assets, excluding specifically charged assets, on
 pari pasu basis with the lending banks, First charge on the company''s
 entire fixed assets excluding assets specifically charged. The Loan is
 also secured by immovable properties of third parties and personal
 Property of the Managing Director. The Loan is further secured by the
 Personal Guarantee of the Managing Director and Corporate guarantee of
 M/s. Tourism Resorts (Private) Limited.
 
 iii. Bank Overdraft is secured against Project Receivables.
 
 iv. Loans against Deposits are secured by related deposits against
 which loans are raised.
 
 v. Term Loans from various banks are secured by exclusive first charge
 on the equipments and other fixed assets(Including Intangible assets)
 created out of the respective loans.Term Loan from state Bank of India
 is secured by First charge on the company''s entire fixed assets
 excluding assets specifically charged and hypothecation of receivable
 relating to the projects to be financed and further secured by
 immovable properties of third parties and personal Property of the
 Managing
 
 Director and also by the Personal Guarantee of the Managing Director
 and Corporate guarantee of M/s. Tourism Resorts Private Limited.
 
 The Company has remitted dividend in foreign currencies equal to INR
 11,36,570 to one Non- resident shareholder.Dividends remitted to
 Non-resident shareholders in INR to their bank accounts maintained in
 India are not included in the above table.
 
 13. Previous Years figures have been regrouped to conform to the
 classifications for the current year.