1.  Outstanding Contracts - Capital Account:
 
 Estimated amount of contracts remaining to be executed on capital
 account and not provided for (Net of advances) are Rs 10.55 Lacs (P.Y. Rs
 72.54 Lacs). Advances paid Rs 10.22 Lacs (P.Y. Rs 36.66 Lacs).
 
 2.  Contingent Liabilities not provided for:
 
                                                  2011-12     2010-11
                                                 Rs in Lacs  Rs in Lacs
 
 i) Outstanding of Bills Discounted               404.10         Nil
 
 ii) Disputed liabilities in respect of 
 Income Tax, Sales Tax, Central Excise and
 Service Tax (under appeal)                       567.13      547.82
 
 iii) Civil Suits                                 100.21       59.41
 
 The Company has given a letter of comfort for general banking
 facilities provided by National Bank of Abu Dhabi to Gulf Jyoti
 International LLC. The total loan outstanding from the bank to the said
 Company is AED 98.49 Lacs (P.Y. AED 96.53 Lacs) equivalent to Rs
 1,385.92 Lacs (P.Y. Rs 1,185.26 Lacs) as on 31st March, 2012.
 
 3.  The gross block of fixed asset includes Rs 83.62 Lacs on account of
 revaluation of fixed assets carried out by the Company in the year
 1993-94. Consequent to the said revaluation, there is an additional
 charge of Rs 2.42 Lacs (P.Y. Rs 2.42 Lacs) on account of depreciation and
 an equivalent amount has been withdrawn from the revaluation reserve
 and credited to Statement of Profit and Loss. This has no impact on the
 profit for the year.
 
 4.  Disclosure as required by Accounting Standard 15 (revised 2005)
 Employee Benefits :
 
 Defined Contribution Plans:
 
 a) Provident Fund
 
 b) Superannuation Fund
 
 The provident funds are operated by the Regional Provident Fund
 Commissioner and the superannuation fund is administered by the
 Trustees of the Jyoti Structures Limited Officers Superannuation
 Scheme. Under the schemes, the Company is required to contribute a
 specified percentage of payroll cost to the retirement benefit schemes
 tofund the benefits. These funds are recognised by the Income Tax
 authorities.
 
 5.  The Company has invested an amount of AED 129.30 Lacs equivalent
 to Rs 1,642.77 Lacs in its Joint Venture Company namely, Gulf Jyoti
 International LLC. That Company maintains its accounts on calendar year
 basis. The total paid up capital of the Company as on 31st December
 2011 was AED 431.00 Lacs (P.Y. AED 431.00 Lacs). As against this
 capital, the total profit earned during the year was AED 116.31 Lacs
 (P.Y. Profit AED 57.61 Lacs) and total accumulated losses as on 31st
 December 2011 were AED 239.11 Lacs (P.Y. AED 343.78 Lacs). However,
 based on the orders in hand and the business outlook of the Joint
 Venture Company, the management is of the opinion that these
 accumulated losses are temporary in nature and will be recovered in the
 next couple of years. Due to this, the management believes that there
 is no diminution in value of the investment and therefore no provision
 for the same is made during the year.
 
 6.  During the year the Company has invested an amount of Rs 500 Lacs
 in its Joint Venture Company namely, Lauren Jyoti Pvt Ltd. The total
 paid up capital of the Company as on 31st March 2012 was Rs 1,000 Lacs.
 As against this capital, the total loss during the year was Rs 42.76
 Lacs. However, based on the orders in hand and the business outlook of
 the Joint Venture Company, the management is of the opinion that there
 is no diminution in value of the investment and therefore no provision
 for the same is made during the year.
 
 7.  During the year, the Company has capitalised interest of Rs 14.32
 Lacs (P.Y. Rs 4.10 Lacs) on borrowings made for acquisition of
 qualifying assets.
 
 8.  Related Party Disclosures:
 
 Related party disclosures as required by Accounting Standard 18,
 Related Party Disclosures, issued by the Institute of Chartered
 Accountants of India are given below:
 
 Relationships (during the year)
 
 (a) Subsidiary of the Company:
 
 i) Jyoti Energy Ltd.
 
 ii) JSL Corporate Services Ltd.
 
 iii) Jyoti Structures Africa (Pty) Ltd.
 
 iv) Jyoti Holding Inc.
 
 v) Jyoti Americas LLC
 
 vi) Jyoti Projects FZE
 
 (b) Joint Venture:
 
 i) Gulf Jyoti International LLC
 
 ii) Lauren Jyoti Pvt Ltd.
 
 (c) Key Management Personnel:
 
 i) Mr. Prakash Thakur
 
 ii) Mr. Santosh Nayak
 
 iii) Mr. K. R. Thakur
 
 21. Employees Stock Option Scheme:
 
 Under Jyoti Structures Limited Employees Stock Option Scheme 2005 (ESOS
 2005) as amended, the Company is authorised to issue upto 500,000 (Five
 Lacs) options convertible into 25,00,000 (Twenty Five Lacs) Equity
 Shares of Rs 2/- each to employees. A Compensation Committee has been
 constituted by the Board of Directors of the Company to administer the
 Scheme.
 
 Each option is to be converted into 5 equity shares of Rs 2/- each at an
 exercise price of Rs 17/- per equity Share (being the exercise price
 adjusted after split of face value from Rs 10/- to Rs 2/-). Under the
 scheme, 30% of the options vest at the end of one year from the date of
 grant of options, 30% at the end of second year from the date of grant
 of options and the balance 40% at the end of third year from the date
 of grant of options.
 
 The amount of Rs 96.22 Lacs (P.Y. Rs 169.80 Lacs) debited to Employee
 Compensation Expense - ESOS account, represents the proportionate cost
 for the year and has been charged to the revenue account.
 
 The amount of Rs 524.82 Lacs (P.Y. Rs 590.73 Lacs) in Employee Stock
 Option outstanding account, represents discounts on the options
 outstanding.
 
 The balance un-amortised portion of Rs 91.72 Lacs (P.Y. Rs 140.84 Lacs)
 being Deferred Employee Compensation Expense has been shown as
 reduction from Employees Stock Options outstanding in the Balance
 Sheet.
 
 9. The terms and conditions of various contracts being executed by the
 Company provide for clauses in respect of liquidated damages applicable
 for any delay in completion of the whole or a portion of the contracts.
 In case of a few contracts, where there have been such delays in
 completion of the contracts, the Company is currently negotiating with
 its customers for an extension of time for the delays attributable to
 the customers to complete the contracts. It is currently uncertain as
 to whether the customers would grant the required extension of time and
 hence, the quantum of liquidated damages is also uncertain. As per the
 past experience, where the delays are due to reasons beyond the control
 of the Company, the approvals for time extensions are normally received
 from customers, which sometimes take more than reasonable time.  As
 such, no provision on this account has been made in the books of
 account.
 
 10.  In response to relevant notices issued by the assessing officer,
 the company has filed its returns of income in respect of earlier
 years. The Tax liability of Rs 1,324.99 Lacs arising from the same being
 related to an earlier year is reduced from the credit balance of
 Statement of Profit and Loss under the head Reserves and Surplus in the
 Balance Sheet of the company and effect of the same is not given in the
 Statement of Profit and Loss. Due to this, the profit after tax for the
 year is higher by the same amount and the basic and diluted earnings
 per share for the year is higher by Rs 1.62 respectively.
 
 11.  As the Company''s principal business falls within the single
 segment i.e. power transmission and distribution wherein it
 manufactures, deals in various components/equipments and constructs
 infrastructure related to power transmission, there are no separate
 reportable or identifiable business segments as defined by Accounting
 Standard - 17 Segment Reporting. The information regarding
 Geographical Segment is provided under Notes to Consolidated Financial
 Statement.
 
 12.  The Ministry of Corporate Affairs, Government of India vide its
 notification no. 2/2011 dated 8th Feb, 2011 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 for the exemption. Necessary information relating to
 the subsidiaries have been included in the consolidated financial
 statements.
 
 13.  Previous year''s figures have been reworked, regrouped, rearranged
 and reclassified wherever necessary.