(Rs. in lacs)
  
                                               31.03.2011   31.03.2010
  
 1.  Contingent Liabilities not 
     provided for:
 
 a.  Outstanding Bank Guarantee                 4267.71       949.41
 
 b.  Sales Tax Demand (under appeal)               0.48         0.48
 
 c.  Purchase Tax (under appeal)                  63.38       192.84
 
 d.  Royalty on Rock Phosphate claimed 
     by RSMM                                     158.36       158.36
 
 e.  Entry Tax                                    40.03         0.11
 
 f.  SalesTradeTax                                 1.49         2.96
 
 g.  Central sales tax - 1.87 h. Excise 
     Duty                                         17.79        17.79 
 i.  Income-Tax                                   43.49        74.52 
 j.  Madhya Pradesh Industrial Relation Act       61.74        63.27 
 k.  Custom duty under protest                      -          38.89
 
 2.  Disclosures required under the Micro, Small and Medium Enterprises
 Development Act, 2006 (the Act):
 
 Under the Micro, Small and Medium Enterprise Development Act, 2006, the
 Company is in the process of identifying such parties .In case of the
 parties already identified, there are no Micro and Small Enterprises,
 to whom the Company owes, which are outstanding for more than 45 days
 as at 31 st March, 2011.  Further, during the period, no interest has
 been paid or payable under the terms of the said Act.
 
 3.  The Company is in the process of obtaining confirmations and
 reconciliation with its debtors, creditors and other dues receivables.
 The confirmations to the extent received have been reconciled and
 adjustments, if any, have been made. The others are pending for
 confirmations, reconciliations and adjustments, if any. However, the
 management does not expect any significant variations in the existing
 status.
 
 4.  In opinion of the Board and to the best of their knowledge and
 belief, value on realisation of loans, advances and current assets in
 the ordinary course of business will not be less than the amount at
 which they are stated in the Balance Sheet.
 
 5.  Repairs and maintenance includes consumption of stores and spares
 of Rs.516.13 lacs (previous year: Rs.305.19 lacs) and provision for
 non-moving items of Rs. Nil lacs (previous year. Rs.1.00 lacs)
 
 6.  Other Current Assets include claims filed under Rajasthan
 Investment Promotion Scheme (RIPS), 2003 of Rs. 21.82 Lacs (Previous
 year: Rs.21.82 Lacs) pertaining to 2006-07 and 2007-08, which were
 refused by the appropriate authorities in view of introduction of
 Rajasthan Value Added Tax w.e.f. 1 April, 2006 . But the Company has
 considered the amount as recoverable and filed an appeal with the Tax
 Board, Ajmer (Rajasthan).
 
 7.  During the year, the Company has purchased a manufacturing
 facility from M/s Jairam Phosphates Limited as a strategic acquisition.
 Based on valuation report by professional valuer, the cost has been
 allocated amongst land building, plant and machinery etc.
 
 Other Assumptions:
 
 a) Future salary increases considered in actuarial valuation take in to
 account Inflation, seniority, promotion and other relevant factors,
 such as supply and demand in the employment market.
 
 b) Expected Return on Plan assets is based on market expectations, at
 the beginning of the year for returns over the entire life of the
 related Obligations,
 
 c) Gratuity is payable to all employees at the rate of 15 days salary
 for each completed years of service. In respect of employees covered by
 the Payment of Gratuity Act, 1965, the same is subject to a maximum of
 Rs. 10.00 lacs.
 
 Note:
 
 During the year, the Company has adopted Accounting Standard -15
 Employee Benefits (Revised), in accordance with the transitional
 Provision of the same, Rs.36.81 lacs (net of deferred tax asset of 
 Rs.7.86 Lacs) being the difference between relevant liability as on 
 31st March, 2010 and as determined with this accounting standard as 
 on 1st April, 2010, has been adjusted to the opening General Reserve.
 
 Change in Accounting Policy
 
 Since the valuation by the LIC was based on project unit credit method,
 therefore the valuation of gratuity by independent actuary and LIC 
 is significantly simiiar. However, in respect of Leave encashment had 
 the policy of booking expense on cash basis continued; profit for the 
 year would have been higher by Rs 7.05 lacs & Provision would
 have been lower by Rs 5.47 lacs.
 
 8.  Segment Information for the year ended 31 st March, 2011 as
 required by Accounting Standard -17 Segment Reporting:
 
 (a) The Company is organized into three primary business segments
 mainly: i.  Fertilizer and Chemicals ii.  Soya iii.  Others
 
 9.  Related Party Disclosures as required by Accounting Standard-18
 Related Party Disclosures are given below: Relationship:
 
 (a) Related Party where control exists: Shradha Projects Limited
 
 (b) An Associate and with whom the Company has transactions:
 
 Shobhan Enterprises Private Limited (ceases to be an associate w.e.f
 15th June, 2010)
 
 (c) Key Management Person and their Relatives:
 
 (i) Shri Shailesh Khaitan : Chairman & Managing Director
 
 (ii) Smt. Swapna Khaitan : Wife of Chairman & Managing Director
 
 (iii) ShriR.S. Vijayvargiya : Presidents Secretary
 
 (d) Related party which is under significant influence of KMP and/or
 their Relatives: (i) The Majestic Packaging Company Private Limited
 
 (ii) Tribhuvan Properties Limited.
 
 (iii) Arati Marketing Private Limited
 
 (iv) Shobhan Enterprises Private Limited
 
 10) Additional information, wherever applicable, pursuant to paragraph
 3 & 4 of Part II of Schedule VI to the Companies Act,
 1956.  (a) Particulars of Capacities and Production (as certified by
 the Management)
 
 (Note: Licensed Capacity per annum not indicated due to the abolition
 of Industrial Licenses as per Notification No.477 (E) dated 25th July,
 1991 issued under The Industries (Development and Regulations) Act,
 1951.
 
 * Actual Production includes 34505 MT processed through job work basis
 
 ** Actual Production includes 10551 MT processed done through job work
 basis Actual Production includes 868 MT processed done through job
 work basis
 
 11.  Previous year figures have been re-arranged and/or re-grouped
 wherever considered necessary.