1 Share Capital
 
 Rights, Preferences and Restrictions attached to equity shares:
 
 i) Right to receive dividend as may be approved by the Board/ Annual
 General Meeting.
 
 ii) The equity shares are not repayable except in the case of a buy
 back, reduction of capital or winding up in terms of the provisions of
 the Companies Act, 1956.
 
 iii) Every member of the Company holding equity shares has a right to
 attend the General Meeting of the company and has a right to speak and
 on a show of hands, has one vote if he is present and on a poll shall
 have the right to vote in proportion to his share of the paid-up
 capital of the company.
 
 1 Contingent liabilities in respect of:             ( Rs.  In Lacs)
 
 Sr.         Particulars                      As at        As at
 No.                                          31.03.2012   31.03.2011
 
 i.     Counter Guarantee provided by the              -       100.00
        Company for guarantee given by 
        IndusInd Bank Limited to IndusInd 
        Media and Communications Limited, a
        subsidiary company.
 
 ii.    Corporate Guarantee provided by the      4,500.00           -
        company for loan taken by IDL
        Speciality Chemicals Limited, a 
        wholly owned subsidiary of the 
        company.
 
 iii.   Corporate Guarantee provided by the      3,000.00           -
        company for loan taken by IN
        Entertainment (India) Limited, an 
        associate of the company.
 
 iv.    Income Tax matters against which the    17,784.30   16,138.87
        Company has fled appeals/
        objections. (Refer Note 1 below).
 
 v.     Summary Suit has been fled by              867.12      867.12
        Nishkalp Investments and Trading 
        Company Limited with regard to the 
        dispute for buyback of shares of Plus 
        Paper Foodpac Limited (PPFL) vide an 
        agreement dated 25th November, 1997. 
        The Management is of the opinion that 
        the Company has a good case and the 
        summary suit is not sustainable.
 
 Notes:
 
 1.  Includes an amount of Rs.  16,662.50 (in Lacs) [Previous Year - Rs.
 15,390.48 (in Lacs)] being disputed income tax liabilities pertaining
 to IT/ ITES business, which is reimbursable from Hinduja Global
 Solutions Limited, pursuant to the Scheme of Arrangement and
 Reconstruction for demerger of IT/ ITES business sanctioned by High
 Court of Judicature of Bombay and made effective on 7th March, 2007. In
 respect of the aforesaid disputed dues, an amount of Rs.  4,397.12 (in
 Lacs) [Previous Year - Rs.  3,797.12 (in Lacs)] has been deposited by
 the Company with income tax authorities under protest. The Company has
 received Rs.  3,750.00 (in Lacs) [Previous Year - Rs.  3,150.00 (in
 Lacs)] upto 31st March, 2012 from Hinduja Global Solutions Limited to
 discharge part payment of disputed income tax liabilities pertaining to
 IT/ ITES business, which is netted from advance tax and tax deducted at
 source (Net of Provisions).
 
 2.  With respect to the above, the Company does not expect any outflow
 of cash/ resources.
 
 2 Details of Traded Goods under broad heads:
 
 Notes:
 
 1.  Figures in brackets represent previous year figures.
 
 2.  Sale of Stock/Index Futures includes Rs.  800.00 (in Lacs)
 representing Mark to Market valuation on open position in Nifty Futures
 Index as on 31st March, 2012.
 
 3.  Sales include amortisation of cost of film rights exploited during
 the year.
 
 3 Operating Leases
 
 a) Where the Company is a lessee:
 
 The operating lease arrangement relating to office premises extend upto
 a maximum of five years from the respective date of inception and are
 renewable on mutual consent. In addition, the Company has entered into
 cancellable leasing arrangements for office premises and towards which
 the lease rental of Rs.  90.39 (in Lacs) [Previous Year - Rs.  56.98
 (in Lacs)] has been included in ‘Rent’ - Refer Note 24 of the financial
 statements.
 
 b) Where the Company is a lessor:
 
 The Company has given Optical Fibre Cable under operating lease. These
 are generally cancellable and are renewable by mutual consent on
 mutually agreeable terms. The lease income recognised in the Profit and
 Loss Account under Lease Income - Optical Fibre Cable of Rs.  583.07
 (in Lacs) [Previous Year - Rs.  548.72 (in Lacs)] - Refer Note 18 of
 the financial statements.
 
 4 Inter-Corporate Deposits
 
 Inter Corporate Deposit aggregating Rs.  9,700.00 (in Lacs) [Previous
 Year - Rs.  8,200.00 (in Lacs)] is secured by way of pledge of equity
 shares held by a borrower in a company.
 
 5 MAT Credits:
 
 The Company has recognised Minimum Alternate Tax (MAT) credit as per
 the provisions of section 115JAA of the Income tax act, 1961 in the
 current year, which can be carried forward for a period of ten years
 and set-off against the tax payable when the Company will fall under
 the normal tax rate. The convincing evidence of obtaining tax credit is
 supported by subsequent performance of the Company and subsisting
 business, which will ensure availability of sufficient future taxable
 income against which the above MAT credit will be adjusted.
 
 6 Segment Reporting
 
 Primary Segment
 
 In accordance with Accounting Standard 17 - Segment Reporting, the
 Management has identified its business segments based on the nature of
 services, nature of risks and returns as applicable to each segment and
 the internal financial reporting systems, so far as they relate to the
 specific groups included in the segments, which are as under:
 
 I.  Media and Communications - consists of various media /
 communication related activities spearheaded by the Corporate Group.
 This segment also includes all activities relating to increase in
 shareholders value in subsidiaries belonging to the Company in this
 sector.
 
 II.  Real Estate - The Company has real estate activities in the form
 of property development. The segment also identifies potential
 investment opportunities in real estate properties either itself or
 through participation in the form of shares or securities of real
 estate companies.
 
 III.  Treasury - This segment consists of activities relating to 
 
 i. Deployment of surplus funds;
 
 ii.  Existing stock in trade/ investments in shares and securities,
 other than subsidiaries.
 
 Revenue and expenses have been accounted for on the basis of their
 relationship to the operating activities of the segment. Expenses,
 which relate to the enterprise as a whole and are not allocable to
 segments on a reasonable basis, have been included under “Unallocable
 Expenses”. Assets and Liabilities, which relate to the enterprise as a
 whole and are not allocable to segments on a reasonable basis, have
 been included under “Unallocable Assets/ Liabilities”.
 
 Secondary Segment
 
 There is no Reportable Geographical Segment.
 
 
 7 Related Party Disclosures (as identified by the Management)
 
 I.  Individual having control with relatives and associates
 
 Mr. Ashok P. Hinduja, Executive Chairman
 
 II.  Subsidiaries
 
 A) Direct Subsidiaries
 
 1.  IndusInd Media and Communications Limited
 
 2.  Grant Investrade Limited
 
 3.  IDL Speciality Chemicals Limited
 
 4.  HTMT Telecom Private Limited (upto 31st December, 2010)
 
 B) Indirect Subsidiaries
 
 1.  USN Networks Private Limited
 
 2.  Gold Star Noida Network Private Limited
 
 3.  Seven Star Information Technology Private Limited
 
 4.  Bhima Riddhi Infotainment Private Limited
 
 5.  United Mysore Network Private Limited
 
 6.  Apna Incable Broadband Services Private Limited
 
 7.  Sangli Media Services Private Limited
 
 8.  Sainath In Entertainment Private Limited
 
 9.  Sunny Infotainment Private Limited
 
 10.  Goldstar Infotainment Private Limited
 
 11.  Ajanta Sky Darshan Private Limited
 
 12.  V4U Entertainment Private Limited
 
 13.  Darpita Trading Company Private Limited
 
 14.  RBL Digital Cable Network Private Limited
 
 15.  Vistaar Telecommunication and Infrastructure Private Limited
 
 16.  Jagsumi Perspectives Private Limited (effective 1st October, 2011)
 
 III.  Associates
 
 1.  Planet E-Shop Holdings India Limited
 
 2.  IN Entertainment (India) Limited
 
 IV.  Key Management Personnel
 
 Mr. Dilip Panjwani, Director and Company Secretary (Whole Time Director
 effective 10th May, 2011)
 
 V.  Enterprises where common control exists
 
 1.  Aasia Management and Consultancy Private Limited
 
 2.  Hinduja Group India Limited
 
 3.  Hinduja Realty Ventures Limited
 
 4.  Hinduja Global Solutions Limited
 
 5.  APDL Estates Limited
 
 6.  Hinduja National Power Corporation Limited
 
 7.  Hinduja Energy India Limited
 
 8 Disclosure in accordance with Accounting Standard 15 (Revised 2005)
 ''Employee Benefts''
 
 The Company has classified various benefits provided to employees as
 under:
 
 I Defined Contribution Plans
 
 a) Provident Fund
 
 b) State Defined Contribution Plans
 
 i) Employer''s Contribution to Employees'' State Insurance
 
 ii) Employer''s Contribution to Employees'' Pension Scheme 1995
 
 9 Loans and Advances in the nature of loans to subsidiaries and
 associates (pursuant to Clause 32 of the Listing Agreement with Stock
 Exchanges):
 
 - Loans and Advances, in the nature of Loans to Subsidiaries and
 Associates as shown above are repayable on demand.
 
 - There are no other loans and advances in the nature of loans where
 there is no repayment schedule.
 
 - All loans and advances in the nature of loans are given on terms and
 within the limits specified under Section 372A of the Act.
 
 - Loans and Advances to employees and investment by such employees in
 the shares of the company, if any are excluded from the above
 disclosure.
 
 10 As a part of its Real Estate activity the company acquired
 approximately 47 acres of land in Bangalore from party in terms of an
 agreement to sell. However in view of the fact that the said party
 though in receipt of sales consideration has not fulfiled his part of
 obligation by transferring the title of the said land in the name of
 the Company. The Company has file a suit in a civil court in Bangalore
 for specific performance of the Agreement of Sale so as to have proper
 conveyance to the said property in favour of the Company.
 
 11 The Company had obtained registration as a sub-broker for National
 Stock Exchange of India Limited and Bombay Stock Exchange Limited from
 Securities and Exchange Board of India. The Company is engaged in the
 activity of sub-broking during the year. In the opinion of the
 Management and based on a legal opinion, the Company is not considered
 as a Non-Banking Financial Company as per the guidelines issued by
 Reserve Bank of India.
 
 12 The Revised Schedule VI has become effective from 1st April, 2011
 for the preparation of financial statements.  This has significantly
 impacted the disclosure and presentation made in the financial
 statements. Previous year’s figures have been regrouped / reclassified
 wherever necessary to correspond with the current year''s classification
 / disclosure.