1.  a.  Estimated amount of contracts, remaining to be executed on
 Capital account and not provided for (net of advances) Rs. 897.18 Lacs
 (Previous year Rs. 2183.23 Lacs).
 
 b.  Contingent Liabilities
 
                                As at         As at
 Particulars               31.03.2011    31.03.2010
                           Rs.ln Lacs    Rs.in Lacs
 
 Letters of Credit            2670.00       2378.39
 
 Counter Guarantees *          774.19        631.35
 
 Excise Duty, Service 
 Tax Demands - Company 
 has appealed against           28.23         54.11 
 orders raised the 
 demands
 
 Income Tax Demands - 
 Company has appealed 
 against orders raised          90.50        120.79
 the demands
 
 * Includes renewal of guarantee provided on behalf of Nagarjuna Hydro
 Energy Pvt Ltd for an amount of Rs. 475.37 Lacs (Previous year Rs.
 463.88 Lacs).
 
 2.  Secured Loans:
 
 The Term Loans (except Wind energy project term loan) availed from
 State Bank of India, IDBI Bank Ltd & HDFC Bank Ltd and the External
 Commercial Borrowing (ECB) from ICICI Bank Limited are secured by way
 of equitable mortgage by deposit of title deeds of the Company''s
 immovable properties both present and future and by way of first charge
 of all fixed assets of the Company as a primary security and
 hypothecation of movable properties of the company ranking pari passu
 and borrowings from State Bank of India, IDBI Bank Ltd and ICICI Bank
 Ltd are further secured by a second charge on the current assets of the
 company consisting of stock in trade, book debts and stores and spares.
 
 Term Loan availed from State Bank of India for Wind power project is
 secured by way of mortgage by deposit of title deeds of the project''s
 immovable properties and by way of first charge of all project fixed
 assets as a primary security.
 
 Working Capital Term Loan availed from New India Co-operative Bank Ltd
 is secured by way of first charge, ranking pari passu, of all movable
 fixed assets of the company as a primary security.
 Cash Credits, Working Capital Demand Loan including Non Fund Based
 Limits of Letters of Credit and Bank Guarantees from State Bank of
 India, IDBI Bank Ltd & HDFC Bank Ltd and Corporate Loan availed from
 State Bank of India are secured by way of hypothecation of current
 assets comprising of stock in trade, book debts and stores and spares,
 both present and future. The aforesaid facilities are further secured
 by second charge of the company''s immovable and hypothecation of
 movable properties, both present and future, ranking pari passu with
 the term loan lenders.
 
 Term loans from banks (except Term Loan from HDFC Bank Ltd & Corporate
 Loan from State Bank of India and Working Capital Term Loan from New
 India Co-operative Bank Ltd availed during the financial year 2009-10)
 and working capital loans from banks are personally guaranteed by Sri
 K.S. Raju, a Director of the company.
 
 3.  Unsecured Loans: 
 
 Sales Tax Deferral:
 
 Sales Tax Deferment: Vide order No.10/1/5/0564/0696 dated 26th April,
 1995 the Government of Andhra Pradesh had sanctioned Sales Tax
 Deferment to the Company in respect of Monocrotophos for a period of
 ten years commencing from 1.7.1994; subject to a maximum of Rs.1330.27
 Lacs. Based on the Sales Tax Returns, the sales tax so deferred
 aggregates net of repayments to Rs.262.85 Lacs. (Previous Year Rs.
 331.24 Lacs). The repayment of deferred Sales Tax has commenced from
 July, 2004 as prescribed in the said order.
 
 Further vide Revised order No. 10/1/9/0023/0387/1D, dated 31.01.2001,
 the Government of Andhra Pradesh had sanctioned Sales Tax Deferment to
 the Company in respect of Acephate and Profenofos for a period of
 fourteen years commencing from 28.09.1997 for Acephate and from
 23.02.2000 for Profenofos, subject to a maximum of Rs.1028.55 Lacs. The
 Sales Tax deferred in a year is payable at the end of 14th year without
 interest. First payment commence from 25.09.2013 as prescribed in the
 order.  Since financial year 2006-07, the company has decided not to
 avail the Sales Tax deferment and opted to pay the sales tax
 henceforth. Based on the Sales Tax Returns, the sales tax so deferred
 aggregates to Rs.301.62 Lacs. (Previous Year Rs. 301.62 Lacs).
 
 4.  Borrowing cost incurred during the year for acquisition of assets
 aggregated to Rs.172.93 Lacs (Previous year Rs. 110.18 Lacs) plus
 expenditure pending allocation opening balance of Rs.53.15 lacs against
 which an amount Rs. 226.08 Lacs (Previous year Rs. 57.03 Lacs) has been
 capitalized against qualifying assets and the balance Rs. Nil (Previous
 year Rs. 53.15 Lacs) is included under Expenditure pending allocation.
 
 5.  During the year, the company has commissioned Wind energy project
 with a capacity of 6.3 MW in the month of Sep''10.
 
 6.  During the year, the company has incorporated a wholly owned
 subsidiary as a proprietary company limited by shares viz., Nagarjuna
 Agrichem (Australia) Pty Limited in Australia under Corporations Act
 2001 as on 30.03.2011. As operations are yet to commence in this
 company, no consolidation of financial statements is required.
 
 7.  During the year, the company has written off the expenditure
 incurred on certain project related activities for Rs.303.03 lacs under
 the head CWIP written off and grouped under Administrative, Selling/
 Distribution and Other Expenses.
 
 8.  Segment Reporting
 
 a.  Primary Segment Information:
 
 The Company''s main business segment is Agro Chemicals, Wind energy
 business does not fall under reportable business segment as per
 Accounting Standard-17. Hence there is no separate reportable business
 segment as per Segment Reporting - Accounting Standard-17.
 
 b.  Secondary Segment Information:
 
 Secondary Segment reporting is based on the geographical location of
 customers. The management views India and Outside India markets as
 distinct geographical segments.
 
 9.  Related Party Transactions:
 
 A.  Names of related parties and description of relationship.
 
 
 Relationship          Party
 
 Subsidiary Company    Nagarjuna Agrichem (Australia) Pty Limited,
                       Australia
 
 Holding Company       KLR Products Limited (Formerly GSR Products
                       Limited)
 
 Associates            iKisan Limited
                       Indo International Fertilizers Ltd.  
                       Nagarjuna Fertilizers & Chemicals Ltd 
                       Bhagiradha Chemicals & Industries Ltd 
                       Nagarjuna Hydro Energy Pvt Ltd
 
 
 Key Management 
 Personnel (KMP)       Mr.Ashok Muni, Director & COO (part
                       of the year)
                       Mr.Vijaya Raghavan, Whole time Director
                       Mrs.K Lakshmi Raju, Director (having 
                       significant influence)
 
 
 Relatives of Dir
 ectors                Mr KS Raju (Father of Mrs.K Lakshmi Raju,
                       Director)
                       Mrs.K Lakshmi Raju (Sister of Mr.KS Raju, 
                       Director)
 
 
 10.  Current Tax
 
 It is decided by the management that, even though the wind energy
 business is entitled for deduction u/s-80 IA for the FY 2010-11, the
 current AY 2011-12 would not be treated as the initial assessment year.
 For the year, the company is obliged to pay current tax of Rs. 128.56
 Lacs under the MAT provisions of Section - 115JB of Income-tax Act,
 1956. At this stage, Management is of opinion that there is no virtual
 certainty to recognize MAT Credit entitlement as an asset for the
 current year as per the Guidance note issued by ICAI.
 
 11.  Deferred Tax
 
 Deferred Tax is accounted in respect of the timing differences on a
 liability method. Deferred Tax Asset has been recognised to the extent
 where the management is reasonably certain that the realisation is more
 likely than not.
 
 12.  Employee Benefit Obligations
 
 A.  Defined Contribution Plan:
 
 The company makes Provident Fund contribution to defined contribution
 retirement benefit plan for qualifying employees. Under the scheme the
 Company is required to contribute a specified percentage of the payroll
 costs to fund the benefits.
 
 B.  Defined Benefit Plan:
 
 Liability for retiring gratuity as on March 31, 2011 is Rs.248.18 Lacs
 (as on March 31, 2010 - Rs. 238.51 Lacs) of which Rs.226.16 Lacs (as on
 March 31, 2010-Rs. 210.50 Lacs) is funded with Life Insurance
 Corporation of India/ ING Vysya Life Insurance Company Private Limited
 and the balance is included in provision for Gratuity. Liability for
 Gratuity has been actuarially determined and provided in the books.
 The details of the Company''s post-retirement benefit plans for its
 employees are given below which is certified by the actuary.
 
 13.  The company has been regularly transferring unclaimed dividend to
 the Investor Education and Protection Fund after the expiry of the
 prescribed period. In respect of previous years the company has
 obtained details of the account and noticed certain discrepancies which
 are under reconciliation. For current year the company is yet to
 receive full information from some banks. Pending receipt of such
 information the company is in process of reconciling the unclaimed
 dividend account.
 
 14.  Balance of debtors, loans and advances and creditors are subject
 to reconciliation and confirmation.
 
 15.  Figures of the previous year have been re-grouped/recast wherever
 necessary to conform to the current year''s presentation/classification.
 
 16.  Figures are rounded off to the nearest rupee.