1.  (a) Previous year''s figures have been regrouped, reclassified and
 rearranged wherever necessary for proper presentation.  Amounts and
 other disclosures for the preceding year are included as an integral
 part of the current year financial statements and are to be read in
 relation to the amounts and other disclosures relating to current year.
 
 (b) Figures have been rounded off to nearest of rupee in lacs.
 
 2.  (a) In the opinion of the Board, the Current Assets, Loans and
 Advances are approximately of the value, as stated in the balance sheet
 if realized, during the ordinary course of business.
 
 (b) Letters of Credit outstanding has been netted off by margin money
 given as security Rs. 7,266.00 lacs (Previous Year Rs. 6,560.00 lacs)
 for effective presentation.
 
 (c) Interest income has been shown as deduction from interest paid for
 loans in Profit and Loss account for proper presentation.
 
 3.  The Company has imported certain capital equipments at concessional
 rate of custom duty under Export Promotion of Capital Goods
 Scheme(EPCG) of the Central Government. The Company has undertaken an
 export obligation to the extent of Rs. 5,106.24 lacs (Approx) (Previous
 year Rs. 5,414.84 lacs) to be fulfilled during a specified period as
 applicable from the date of imports .The liability towards custom duty
 payable there on in respect of unfulfilled export obligation as on 31st
 March, 2011 of Rs. 638.28 lacs. (Previous year Rs.  676.85 lacs) is not
 provided for.
 
 4.  The balances of sundry debtors and sundry creditors are subject to
 confirmation from respective parties.  Necessary adjustments, if any,
 will be made when accounts are reconciled / settled.
 
 5.  Quantitative information to the extent applicable for the year
 pursuant to paragraph 3 & 4 of part II of schedule (VI) to the
 Companies Act, 1956 (As certified by the management)
 
 6.  Contingent Liabilities
 
                                                      (Rs. in lacs)
 
                                      31st March, 2011 31st March, 2010
 
 (a) For letter of credit opened for 
 which goods were in transit                  6,836.87      4,917.11
 
 (b) Guarantee given to banks.                1,470.84         35.40
 
 (c) For Corporate guarantee given           2,0367.25     16,936.16
 
 (d) Claims against the Company not 
 acknowledged as debts                          783.16      1,331.24
 
 7.  Estimated amount of contracts remaining to be executed on capital
 account and not provided (net of advances) Rs. 92.20 lacs (Previous
 year Rs. 1,272.46 lacs)
 
 8.  Term Loans from Banks are secured by equitable mortgage of land and
 building situated at Gandhidham and Haldia, hypothecation of specified
 machinery at Gandhidham, Haldia and Sidhpur units and wind Turbines.
 Further secured by second charge on current assets of the Company.
 Working Capital loans are secured by hypothecation of stock, book debts
 and other current assets of the Company. Term loan repayable within one
 year Rs. 4,386 lacs. (Previous year Rs. 3,182 lacs).
 
 9.  The disclosures as required to be made relating to Micro, Small
 and Medium Enterprise under the Micro, Small and Medium Enterprises
 Development Act, 2006. (MSMED) are not furnished in view of the
 non-availability of information with the Company from such Enterprises.
 
 10.  Segment Reporting: Hitherto the management had identified two
 primary business segments viz. Edible oil business and non-edible oil
 businesses. Due to changes in the internal reporting system and
 organization structure based on the guiding principles given in
 Accounting Standard on Segment Reporting (AS-17) issued by the
 Institute of Chartered Accountant of India, the management reviewed and
 reclassified its primary business segments as Agro based commodities
 which incorporates product groups viz. Soybean, palm line ,cotton seed
 oil, sun flower oil, mustard seed oil, castor oil, oil cakes, de-oiled
 cakes, Vanaspati, oil seeds, its bye products and other agro-
 commodities which have similar production process, similar methods of
 distribution and have similar risks and returns.  Hence the primary
 segment information is being reported based on this classification from
 this year.
 
 As per Accounting Standard (AS) -17 on Segment Reporting Segment
 information has been provided under the notes to Consolidated Financial
 Statement.
 
 11. Related Party Disclosures :- Disclosures as required by Accounting
 standard 18 Related Party Disclosures are given below.
 
 (A) Related Party
 
 1.  Gokul Overseas : A Firm in which some of the Directors and Company
 are partners.
 
 2.  Maurigo International Ltd.  : Wholly owned subsidiary
 
 3.  Maurigo Pte Ltd.  : Wholly owned subsidiary
 
 4.  Professional Commodity
 
 Services Pvt. Ltd.  : Wholly owned subsidiary
 
 5.  Gujarat Gokul Power Ltd.  : Associate Company
 
 6.  Gokul Foundation : Charitable Trust where Key Management Personnel
 (KMP) are Trustees
 
 7.  Shree Bahuchar Jan Seva Trust : Charitable Trust where Key
 Management Personnel (KMP) are Trustees
 
 (B) Key Management Personnel
 
 1.  Shri B.C. Rajput : Chairman and Managing Director
 
 2.  Shri K.J.Thakkar : Managing Director
 
 3.  Shri D.H.Sharma : Whole Time Director (upto 31.07.2010)
 
 (C) Relative of Key Management Personnel
 
 1.  Shri Amratji Rajput : Brother in Law of Chairman
 
 2.  Shri Sunil Sharma : Brother of Whole time Director
 
 3.  Ms. Heenaben Rajput : Daughter of Chairman
 
 4.  Ms. Bhavnaben : Daughter of Managing Director
 
 5.  Shri Deepak Harwani : Son in Law of Managing Director
 
 12. The Deferred tax liability of Rs. 271.98 lacs (previous year Rs.
 1,272.87 lacs) has been recognized in the profit and loss account.
 
 13. Loans and Advances Include amount due from Subsidiary Companies and
 related Companies.
 
 14. Disclosures pursuant to Accounting Standard -15 (Revised) 
 Employee Benefits
 
 (A) The Company has recognised as an expense in the profit and loss
 account in respect of defined contribution plan Rs. 37.08 lacs (
 Previous year Rs. 30.81 lacs) administered by the Government.
 
 (B) Defined benefit plan and long term employment benefit: A General
 description:
 
 Gratuity [Defined benefit plan]:
 
 The Company has a defined benefit gratuity plan. Every employee who has
 completed five years or more of service gets a gratuity on death or
 resignation or retirement at 15 days salary [last drawn salary] for
 each completed year of service. The scheme is funded with an insurance
 Company in the form of qualifying insurance policy.
 
 Leave wages [Long term employment benefit]
 
 The leave wages are payable to all eligible employees at the rate of
 daily salary for each day of accumulated leave on death or on
 resignation or upon retirement on attaining superannuation age.
 
 15. Disclosures in respect of derivative Instruments (a) Derivative
 Instrument outstanding
 
 (b) All the derivative instruments have been acquired for hedging
 purpose.
 
 (c) Foreign Currency exposure that are not hedged by derivative
 instruments
 
 16. Mutual fund Transactions
 
 During the year the Company has purchased and redeemed the following
 investments in mutual funds
 
 17. Pursuant to approval of the shareholders of the Company in an Extra
 Ordinary General Meeting held on September 6th, 2007,the Company had
 issued and allotted through Initial Public Offering (IPO) 71,58,392
 equity shares of Rs.  10 each at premium of Rs.185 per share. The issue
 has been made in accordance with the terms of Company''s Prospectus
 dated 20th May, 2008. Subsequently, pursuant to provisions of Section
 61 of the Companies Act, 1956 the Members, in an Extra Ordinary General
 Meeting of the Company held on 27th February, 2010, approved the
 amendments in the objects/utilizations of funds as stated Objects of
 the issue in prospectus dated 20th May, 2008.
 
 18.  All fixed assets and current assets of the Company both present
 and future are mortgaged/hypothecated in favour of Company''s bankers
 for securing various fund/non fund based facilities granted by
 consortium banks.
 
 19.  The Ministry of Corporate Affairs, Government of India, vide
 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 circulars. The Company has
 satisfied the conditions stipulated in the circulars and hence is
 entitled to the exemption. Necessary information relating to the
 subsidiaries has been included in the Consolidated Financial
 Statements.
 
 20.  In accordance with principles of Prudence and other applicable
 guidelines and as per Accounting Standards notified by the Companies
 (Accounting standards) Rules, 2006, the Company has charged an accounts
 of Rs. NIL (Previous year of Rs.Nil) to profit and loss Account in
 respect of derivative contracts remaining unsettled at the end of the
 year.
 
 21.  A sum of Rs. 9.75 lacs (Previous year Rs. 30.95 lacs) is included
 under Manufacturing and other expenses representing net prior period
 items.
 
 22. Particulars of the Balance Sheet abstract and the Company general
 Business Profile, Pursuant to part IV of the Companies Act, 1956 is
 attached herewith Signature to Schedules 1 to 20.