1.  Alcohol and Molasses Storage Reserves and Effluent Disposal
 Reserves amounting to Rs. 130.83 Lac (P.Y. Rs. 123.51 Lac) are not
 deposited with a Scheduled Bank, as required under Uttar Pradesh Sheera
 Niyantran (Sansodhan) Adesh, 1974.
 
 2.  Segmental Reporting Disclosures under Accounting Standard 17
 
 Business Segments:
 
 Based on the guiding principles given in Accounting Standard 1 7
 Segmental Reportingissued by the Institute of Chartered Accountants
 of India, the Company''s primary business segments are
 
 a.  Sugar
 
 b.  Spirits
 
 c.  Seed
 
 d.  Power
 
 e.  Agricultural Products
 
 Geographical Segments:
 
 Since the Company''s activities/operations are primarily within the
 country and considering the nature of products it deals in, the risk
 and returns are same and as such there are no geographical segments.
 
 Financial Information about the primary business segment:
 
 3.  Related party disclosures as per Accounting Standard 18
 
 Names of related parties and nature of related party relationships:
 
 a.  Key Management Personnel and relatives of such personnel:
 
 Mr. H R Kilachand Chairman & Managing Director
 
 Mrs. M.H. Kilachand Director
 
 Relatives of Key Management Personnel
 
 Mr. Rohan H. Kilachand Son
 
 Ms. Rohita H. Kilachand Daughter
 
 b.  Enterprises over which Key Management Personnel and their relatives
 are able to exercise significant influence:
 
 Kesar Terminals & Infrastructure Limited
 
 Kesar Corporation Pvt. Ltd.
 
 Kilachand Devchand & Co. Pvt. Ltd.
 
 Indian Commercial Co. Pvt. Ltd.
 
 India Carat Pvt. Ltd.
 
 Kilachand Devchand Commercial Pvt. Ltd.
 
 Duracell Investments & Finance Pvt. Ltd.
 
 Seel Investments Pvt. Ltd.
 
 Skyline Chem-Trade Pvt. Ltd.
 
 4. 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. 47.94 Lac (P.Y. Rs. 23. 91 Lac).
 
 ii) Later than one year and not later than five years Rs 29.05 Lac
 (P.Y. Rs. Nil).
 
 b) Lease payments recognised in the statement of profit and loss during
 the year is Rs. 23.91 Lac (P.Y. Rs. 40.90 Lac).
 
 5.  Jointly controlled entity:
 
 In compliance with the Accounting Standard 27 on ''Financial Reporting
 of Interest in Joint Ventures'' as notified by the (Companies Accounting
 Standard) Rules, 2006, the Company has interest in the following
 jointly controlled entity:
 
 Kesar Multimodal Logistics Ltd (KMLL) has entered in to a Concession
 Agreement with the Madhya Pradesh Agricultural Marketing Board (Mandi
 Board) for setting up a Composite Logistics Hub at Pawarkheda in the
 
 6.  Exceptional itm represent differential cane price for sugar season
 2007-2008 accounted for pursuant to the Hon''ble Supreme Court Order
 dated 17th January, 2012
 
 7.  As notified by Ministry of Corporate Affairs, Revised Schedule VI
 under the Companies Act, 1956 is applicable to the Financial Statements
 for the financial year commencing on or after 1 April, 2011.
 Accordingly, the financial statements for the year ended on 30th June,
 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.