1.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for Rs. NIL
 
 2.  Contingent Liabilities
 
                                        2009-10            2008-09
                                        (In Rs.)           (In Rs.)
 
 a) Claims against the Company not       9108057           9108057
 acknowledged as debts
 
 b) Central Excise Demand under          1890323           1890323
 Appeal
 
 c) Sales Tax/Central Sales Tax          6437292           7042866
 & Entry Tax demand under appeal
 
 d) Demand ofProvident Fund under         301128            401128
 Appeal
 
 3.  (a) The Company provides depreciation on fixed assets on
 straight-line method in accordance with the provisions of section
 205(2)(b) of the Schedule XIV to the Companies Act, 1956. Consequent
 upon revision of rates in respect of certain class of assets vide
 notification dated 16/12/93 and circular No. 12/93 issued by Department
 of Company Affairs the rate of depreciation on assets acquired before
 01/04/94 have also been revised without recomputing the specified
 period. Forthe purpose of providing appropriate rate of depreciation on
 plant and machinery falling under the category of continuous Process
 Plant, the Company has relied upon the technical opinion obtained.  b)
 No depreciation on revaluation of.assets has been provided during the
 year in view of depreciation already provided 95% of its revalued cost.
 
 4.  a) The Company has filed appeal/revision Appellate Authority
 against sales tax demand in unit No. I (Prestige Foods), of Rs.64.37
 Lacs for the year 2003-2004 to 2004-2005 which is pending and included
 under the contingent liability in 2(d) above.  b) In view of Power
 Purchase Agreements for purchase of wind power in Companys Unit Unit
 No.Ill (Prestige Vanaspati Industries) the Company has claimed
 exemption from Commercial Tax under Notification No.A-3-32-94-ST-V(5)
 dated 28/02/95.  Accordingly liability determined by department from
 1995-96 to 2002-03 of Rs. 175.59 Lacs has not been made by the Company
 due to exemption was available in the relevant years. Though the
 Companys application for the said exemption is under process before
 appropriate authorities, the Company does not expect any commercial tax
 liability to arise.
 
 c) A fire accident occurred in the assessment year 2000-01 & 2001-02
 and consequently plant remained closed fora period of 102 days. As this
 period was within the exemption period the company had applied for
 extension of exemption period by 102 days. Although the assessing
 officer has raised a demand of Rs.39.16 Lacs, the company expects that
 the same will not survive in the view of its representation to the
 State Government which is under their active consideration.  In view of
 the above no liability has been provided in the books of accounts.
 
 d) Pursuant to the Sanctioned Scheme circulated by BIFR on 31st January
 2002 and order issued by Madhya Pradesh State Government Company has
 been declared as Relief Undertaking vide notification no.
 F-15-9/99/11/D-B dated 13th May 2003 for a period of one year from
 01/04/2002 to 31/03/2003 and subsequently it has been extended for
 further period up to 31/03/2009. Companys application for renewal of
 status as Relief Undertaking for a further period of one year is
 under consideration before the appropriate authority.
 
 5.  Accounts of certain debtors, Loans and Advances and creditors are
 subject to reconciliation, pending confirmation of balances.
 
 6.  Interest on unsecured loans from other Companies / Firms has not
 been provided.
 
 7.  In the opinion of the Board the Current Assets have a value on
 realization in the ordinary course of business at least equal to the
 amount at which they are stated and that provision for liabilities is
 adequate and not in excess of the amount considered reasonable and
 necessary. There are no contingent liabilities other than those stated
 above.
 
 8.  Loans and advances Include Rs.18.15 Lacs (previous year Rs.  18.15
 Lacs) given to Firms/ Companies in which some of the Directors are
 interested, Interest whereof calculated @ 10% p.a.  (previous year 10%
 p.a.) at Rs.1.82 Lacs has not been provided.  (Previous year Rs. 1.82
 Lacs).
 
 9.  The company has an outstanding of investor education & protection
 funds of Rs.6.96 lacs (after transferring Rs.98.73 Lacs in previous
 year to General reserve ) which has still not been transfer to the
 Investor & Education Protection fund as required U/s 205 (A) of the
 companies Acf 1956 as the details are being asked from banks to
 reconcile the Accounts balances with books of Accounts.
 
 10.  (a) In view of brought forward losses and depreciation, no
 provision for Income Tax has been made during the year (b) In
 accordance with Accounting Standard 22 Accounting for taxes on income
 issued by the Institute of Chartered Accountants of India which has
 become mandatory from 01.04.2001, the Company has to account for the
 deferred tax assets/liability. While making the calculation the Company
 has to account for the deferred tax assets (net), to the extent of
 Rs.1017.50 Lacs (previous year Rs. 1012.85 Lacs).  However, in view of
 heavy losses and since there is no reasonable certainty that sufficient
 future taxable income will be available against which such deferred tax
 assets can be realized no adjustment of deferred tax assets has been
 accounted during the year.
 
 11.  (i) Prior year adjustment includes various amounts written off
 which were shown as receivables/payables in earlier years and
 constitute various income/expenses pertaining to earlier years
 determined and adjusted during the year Rs.3.86 lacs (previous year
 Rs.2.64 lacs).  (ii) Duty draw back claim of Rs. 11.05 lacs related to
 earlier year.
 
 12.  (i) The Company has provided its liability towards gratuity as per
 demand made by LIC and has debited the amount to profit & loss account
 as per revised AS-15 (ii) The company has made its payment of leave
 encashment on payment basis yearly and no provision has been made
 separately
 
 (iii) All the defined contribution plans are debited to profit & loss
 account.
 
 (iv) Separate disclosure as required by AS -15 have not been given
 
 13.  The Company has been declared as sick Industrial Company u/s 15 of
 SICA, 1985. The units of the Company are in operation and the
 rehabilitation Scheme is under implementation
 
 14.  a) There are no dues to small-scale industrial undertaking as at
 the yearend.
 
 b) The Company is still in the process of identifying the Micro, Small
 & Medium enterprises, As defined under the Micro, Small & Medium
 Enterprises Development act 2006, hence The disclosure in this regard
 as per schedule VI of the companies Act 1956, have not been provided.
 
 15 SEGMENT REPORTING
 
 During the current year, the company deals in one line of business
 Soya Products only, hence separate disclosure of segment wise does
 not apply.
 
 16.  Expenditure in foreign currency-NIL previousyear(NIL)
 
 17.  Earning in Foreign Exchange-NIL previous year (NIL)
 
 18.  The company has not entered into any forward contract to offset
 foreign currency Transaction.
 
 19.  The company has not hedged any derivative instruments.
 
 20.  Figures of previous year have been regrouped/ rearranged/ recast
 Wherever considered necessary.
 
 21.  Figures have been rounded off to the nearest rupee
 
 22.  Figures in bracket relate to previous year