1.  Demerger
 
 Pursuant to Scheme of Arrangement submitted by the company to
 Honourable High court of Bombay and an order dated October 15th , 2010
 of the court, the entire Print & Publishing business of the company
 stands transferred to and vested in Jagran Prakashan Ltd with effect
 from the appointed date 01/04/2010. A loss of Rs 17.53 crores as per
 following details has been debited to P& L A/c as exceptional item.
 Consequently the figures of the previous year are not comparable with
 current year.
 
 2.  Contingent Liability
 
 a) In respect of guarantees issued by Company''s bankers to MSRDC and
 other authorities for Rs. 3 Lakhs (Rs 3 Lakhs).
 
 b) Corporate guarantee issued to Bank of Baroda for Radio One Ltd.(
 Formerly known as Radio Mid-Day West ( India) Ltd) against CC limit of
 Rs. 140 Lakhs (140 Lakhs).
 
 Bank Guarantee issued to Ministry of Information & Broadcasting for
 Radio One Ltd.( Formerly known as Radio Mid- Day West ( India) Ltd) Rs.
 332 Lakhs (332 Lakhs).
 
 Bank Guarantee issued to Phonographic Performance Limited for Radio One
 Ltd.( Formerly known as Radio Mid-Day West ( India) Ltd). Rs. 0.70
 Lakhs (NIL).
 
 Counter guarantee issued to Axis Bank for Radio One Ltd.( Formerly nown
 as Radio Mid-Day West ( India) Ltd) against term loan of Rs. 2,240
 Lakhs (3,000 Lakhs) and corporate guarantee for CC limit of Rs. 500
 Lakhs (500 lakhs).
 
 c) Claims against the company in respect of various defamation suits
 and claims of employees, amount not ascertainable (Previous year
 Unascertainable)
 
 3. The company''s exposure in its subsidiary Radio One Ltd.( Formerly
 known as Radio Mid-Day West ( India) Ltd) limited through investments
 and loans aggregate Rs 15,148.99 lakhs (investment Rs. 13,824.91 lakhs
 and loan Rs.1,324.08 lakhs).  Though net worth of the subsidiary is
 substantially eroded and the company has been incurring constant
 losses, however no provision for impairment on this account is
 considered necessary by the management taking in to consideration the
 nature of Radio business and gradual improvement in performance of the
 subsidiary.
 
 4.  The company does not have multiple operating segments hence
 separate disclosure of the segment wise information is not required.
 
 5.  Disclosure with regard to related party transactions as per
 Accounting Standard AS- 18 is as follows:
 
 b) Other related parties where control exists:
 
 During the year, there were no transactions with the following
 associate companies:
 
 i) Digital One Pvt.Ltd. (Formerly known as Mid-Day Broadcasting South
 (India) Pvt Ltd.)
 
 ii) Mirror Films Private Limited.
 
 iii) Mid-Day Radio North (I) Ltd
 
 iv) Inquilab Offset Printers Pvt Ltd
 
 v) Next Publishing Pvt Ltd.( Formerly known as Mid-day Publishing Pvt
 Ltd)
 
 c) Key Management Personnel :
 
 Mr. Tarique Ansari (Remuneration Rs 942,300 Refer Note 6)
 
 d) Relatives of key management personnel and their enterprises where
 transactions have taken place:
 
 Not Applicable
 
 Note: Related party relationship is as identified by the Company and
 relied upon by the Auditors.
 
 6. Employees Benefit
 
 The Company has classified the various benefits provided to employees
 as under:
 
 a) Defined Contribution Plans:
 
 Provident Fund (PF, FPF)
 
 b) Defined Benefit Plans:
 
 Contribution to Gratuity Fund (Funded Scheme)
 
 In accordance with the Accounting Standard (AS 15) (Revised 2005),
 actuarial valuation was performed in respect of the aforesaid defined
 benefit plans based on the following assumptions:
 
 The current year information in the following tables represents the
 figure for employees retained after the slump sale of news print
 division and is not comparable with previous year''s information.
 
 7.  Current liabilities include overdue amounts of Rs. Nil (Previous
 year Rs. Nil) including interest of Rs. Nil (Previous year Rs. Nil)
 payable to Micro Small and Medium Enterprises. Total outstanding dues
 to Micro Small and Medium Enterprises have been determined to the
 extent such parties have been identified on the basis of information
 available with the company.
 
 8.  Previous year''s figures have been re-grouped / re-arranged
 wherever necessary. Figures in bracket indicate previous year''s
 figures.