1 Contingent Liabilities:
 
 a) Disputed demand in respect of Sales tax at Waidhan and Anuppur
 aggregating to Rs 1.18 lacs (Rs 14.49 lacs).  Amount aggregating to Rs
 0.85 lacs is paid under protest against such demand, which has been
 included under Loans and Advances.
 
 b) The Competition Commission of India (CCI) on 27th April, 2012 has
 imposed a penalty of Rs 311.77 Lacs on the Company, for certain alleged
 violation of provisions of the Competition Act, 2002 by several
 explosives manufacturers (the Company being one of them). The Company
 is in the process of filing an appeal to the Ap- pellate Tribunal
 Authority within the stipulated period of two months from receipt of
 the order. The Company has been advised that such demand is not likely
 to be materialized.
 
 c) Letter of credits and Bank guarantees issued to suppliers/customers
 Rs 1553.68 lacs (RY. Rs 1498.96 lacs).
 
 2 Estimated amount of contracts remaining to be executed on Capital
 Account and not provided for (Net of Advances) Rs 60.65 lacs (Rs 30.47
 lacs).
 
 3 In respect of Sundry Creditors which are Micro,Small and Medium
 Enterprises, the Company has not availed credit facility beyond 45
 days. Further, there is no outstanding payable to Micro, Small and
 Medium Enterprises beyond 45 days as on Balance Sheet date.
 
 4 Segment Reporting: -
 
 The primary segment reporting format is determined to be business
 segments as the company''s risks and rate of return are affected
 predominantly by difference in the products and services provided.
 Secondary information is reported geographically.
 
 The Company has identified its business into three reportable segments
 namely, Explosives, Perlite and Site Contracts.
 
 5 Disclosure in respect of Operating Lease in accordance with AS 19 on
 ''Leases''
 
 a) The total of future minimum lease payments under non-cancellable
 operating leases for each of the following periods:-
 
 i) Not later than one year Rs I 1.39 lacs (RY. Rs 12.40 lacs).
 
 ii) later than one year and not later than five years- Rs 3.60 lacs (RY.
 Rs 22.81 lacs).
 
 iii) later than five years - Nil
 
 b) lease payments recognised in the statement of profit and loss for
 the period from 1.4.2011 to 31.3.2012 is Rs 14.67 lacs (RY. Rs I 1.72
 lacs).
 
 Figures in brackets pertains to previous year.
 
 * Further disclosure in conformity with Clause 32 of Listing Agreement;
 the maximum outstanding of said loan was Rs 100 Lacs during the year.
 
 6 The Company has adopted Accounting Standard 15 (revised 2005) in the
 Financial Year 2007-08 Employee Benefits. The Company has
 classified various employee benefits as under:-
 
 (A) Defined contribution plans
 
 a.  Provident Fund
 
 b.  Superannuation Fund
 
 c.  State defined contribution plans
 
 - Employers'' Contribution to Employees'' State Insurance
 
 The provident fund and the state defined contribution plan are operated
 by the Regional Provident Fund Com- missioner and the superannuation
 fund is funded to LIC of India. Under the schemes, the Company is
 required to contribute a specified percentage of payroll cost to the
 retirement benefit schemes to fund the benefits.
 
 Leave encashment is payable to eligible employees who have earned
 leaves, during the employment and / or on superannuation as per the
 Company''s policy. During the year an amount of Rs. 16.51 lacs has
 been charged to Profit & Loss account as per actuarial valuation.
 
 7 Unhedged Foreign Currency Exposure as at the Balance Sheet date
 
 Trade Receivables Rs 230.39 lacs (US $ 454335 @ Closing rate of I USD =
 Rs 50.71).
 
 Trade Payables Rs 91.26 lacs (US $ 177100 @ Closing rate of I USD = Rs
 51.53).
 
 Rs 2.62 lacs (UK Pounds 3176 @ Closing rate of I UK Pound = Rs 82.58).  Rs
 39.69 lacs (EURO 57485 @ Closing rate of I EURO = Rs 69.05).
 
 8 The Financial Statements for the year ended March 31, 2012 are
 prepared in accordance with the Revised Schedule VI. The amounts and
 disclosures included in the Financial Statements of the previous year
 have been reclassified to conform to the requirements of Revised
 Schedule VI.