1 Estimated amount of Capital Contracts (net of advance) remaining to
 be executed and not provided for Rs. NIL (Previous Year Rs. 354 Lacs)
 
 2 Contingent Liabilities.
 
 (a) For disputed Income-tax matters Rs. 496 Lacs (Previous Year Rs. 559
 Lacs) against which amount paid is Rs. 535 Lacs (Previous Year Rs. 563
 Lacs)
 
 (b) Against Bond :
 
 (i) Import Duty liability of Rs. 381 Lacs (Previous Year Rs. 381 lacs) for
 import of machinery against licences granted under EPCG scheme.  
 
 (ii) Duty liability amounting to Rs. 86 lacs (Rs. 29 lacs) for the purchase
 of excisable inputs without payment of duty under the bonds executed if
 the export obligation is not fulfilled.
 
 (c) In respect of bank guarantees given for subsidiary Company of Euro
 NIL (Previous Year Euro 2-mn) equivalent to Rs. NIL (Previous Year Rs. 1278
 Lacs)
 
 3 Financial & Derivative Instruments
 
 (a) The Company has sold USD 14.48 Mn equivalent Rs. 7234 Lacs and EUR
 0.11 Mn equivalent Rs. 78 Lacs (Previous Year USD 9.61 Mn equivalent Rs.
 4598 Lacs and Eur 0.87 Mn equivalent Rs. 543 Lacs) to cover our export
 receivables and purchase USD NIL equivalent Rs. NIL (Previous Year USD 2
 Mn equivalent Rs. 941 Lacs) to cover loan repayment.
 
 The Company has entered into USD-JPY derivative option contracts
 hedging its exposure on ECB availed in JPY for wind power generation
 project. Option contracts worth of JPY 181-Mn (Previous Year JPY
 253-Mn) are open as on balance sheet date,
 
 4. Foreign currency translation of Rs. 223 Lacs (Previous Year credited
 Rs. 201 Lacs) arising on account of the exchange difference on non
 interagal foreign operations is debited to the statement of Profit &
 Loss.
 
 5. Related party transactions
 
 (a) Party where control exists :
 
 Grafalco Ediciones S.L.  – Subsidiary Company 95.58% (P.Y. 100%) of
 whose equity share capital is held by the Company as at 31st March,
 2012.
 
 eSense Learning Pvt. Ltd. – Subsidiary Company 90.69% (P.Y. 90.69%) of
 whose equity share capital is held by the Company as at 31st March,
 2012.
 
 (b) Associates – Navneet Learning LLP
 
 6. Lease Transactions : Accounting standard 19
 
 As a Lessor in an Operating Lease
 
 The existing operating lease agreements permit the lessee to cancel the
 arrangement before expiry of the normal tenure of the lease. As such,
 no disclosures are required to be made.
 
 As a Lessee in an Operating Lease (i) Cancellable Operating Leases :
 
 The Company has taken various commercial premises under cancellable
 operating leases. These are normally renewable on expiry.
 
 (ii) Non-Cancellable Operating Leases :
 
 The Company has taken various commercial premises under non-cancellable
 operating leases, the future lease payments in respect of which are:
 
 7. Segment Reporting
 
 The Company''s operations relates to publication of knowledge based
 information in educational and general books form and manufacturing of
 paper and other stationery items. It caters to the educational need of
 Indian as well as Global market. Accordingly Publication and
 Stationery comprise of the primary segments.
 
 Secondary segmental reporting is performed on the basis of the
 geographical location of customers.
 
 The accounting principles and policies used in the preparation of the
 Financial Statements, as set out in the note on significant accounting
 policies, are also consistently applied to record revenue and
 expenditure, in individual segments.
 
 8. During the year, in the line with the notification dated 29th
 December, 2011 issued by the Ministry of Corporate Affairs, the Company
 opted for option given in the paragraph 46A of Accounting Standard - 11
 The Effects of Changes in foreign exchange rates. Accordingly, the
 Company with effect from April 1, 2011, has capitalized the forign
 exchange difference on translation of long term foreign currency
 monetary item at rates different from those at which they were reported
 in previous financial statements, in so far as it relates to acquisition
 of depreciable assets. Consequently, differences arising due to change
 in exchange rate on foreign currency loan relating to acquisition of
 depreciable Capital Asset amounting to Rs. 670 lacs are added to cost of
 such Capital Assets. Consequent to the change, the depreciation for the
 year is higher by Rs. 36 lacs and profit for the year is higher by Rs. 634
 lacs.
 
 9. Extra ordinary item consist of provision for diminution in the
 value of long term investments in subsidiary namely Grafalco Ediciones
 S.L.  amounting to Rs. 326 Lacs.
 
 10. Figure of Rs. 50,000 or less have been denoted by #
 
 11. The Revised Schedule VI has become effective from 1 April, 2011 for
 the preparation of financial statements. This has significantly
 impacted the disclosure and presentation made in the financial
 statements. Previous year''s figures have been regrouped / reclassified
 wherever necessary to correspond with the current year''s classification
 / disclosure.