Notes to Accounts of Divya Jyoti Industries Ltd.

Mar 31, 2015

1.1 Term Loan from Oriental Bank of Commerce was taken during the financial year 2009-2010. The loan is fully repaid in March 2015.

1.2 Term Loan from Saraswat Co-operative Bank Ltd. was taken during the financial year 2007-2008. The loan is fully repaid in Sept . 2014.

1.3 Inter Corporate Deposits was taken from the financial year 2010-2011.

1.4 Vehicle Loan from HDFC Limited was taken during the financial year 2011-2012. The Loan is fully repaid in Dec. 2014

1.5 Vehicle Loans from Saraswat Co-Op Bank Ltd is taken during the financial year 2011-2012 & 2013-2014. The Loans are repayable in 36 monthly installments. The loan is secured by hypothecation charge on Vehicles. Further, loan has been guarateed by the personal guarantee of Mr. Rangnath Nyati, Chairman, Mr. Girdhari Nyati, Whole Time Director and Mr. Gopal Nyati, Executive Director.

1.6 Cash Credit & Export Packing Credit loans are secured by hypothecation of present and future stock of raw material, stock in process, finished goods, stores and spares, book debts and materials in transit on pari passu basis. Cash Credit & Export Packing Credit loans are repayable on demand. Further, loan has been guarateed by the personal guarantee of Mr. Rangnath Nyati, Chairman, Mr. Girdhari Nyati, Whole Time Director and Mr. Gopal Nyati, Executive Director.

(a) Defined Benefit Plan

The employees gratuity fund scheme managed by a Trust (life Insurance Corporation of India) is a defined benefit plan.

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market.

The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method.

Note -2 The Company is operating only in one segment, hence no segment wise disclosure as per accounting standard-17 is provided.

Note -3 Suppliers who are covered under MSMED Act. 2006 have been identified to the extent of information available with the company. The principal Balance due to Micro and Small Enterprises as at 31st March 2015 is Rs. Nil (31st March 2014 is Rs. Nil). Further no interest has been paid or is payable under the Act.

Note -4 Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

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Mar 31, 2014

01A. General Corporate Information

Divya Jyoti Industries Limited (the Company) is a Public Limited Company incorporated under the provisions of Company Act, 1956. Its shares are listed in two stock exchanges in India. The company is engaged in Solvent Extraction & Refinery of Soya Oil.

1.2 Term Loan from Oriental Bank of Commerce was taken during the financial year 2009-2010. The loan is repayable in 16 quarterly installments from 30th June, 2011. First 3 installments of Rs. 71.88 lacs and next 13 installments of Rs. 50.21 lacs each. The loan is secured by first charge created by mortgage of the immovable property and hypothecation charge on plant & machinery including electrical installation & other movable fixed assets related to the 100 TPD Edible Oil Refinery Unit. Further, loan has been guarateed by the personal guarantee of Mr. Rangnath Nyati, Chairman, Mr. Girdhari Nyati, Whole Time Director and Mr. Gopal Nyati, Executive Director.

1.3 Term Loan from Saraswat Co-operative Bank Ltd. was taken during the financial year 2007-2008. The loan is repayable in 27 quarterly installments from Jan. 2008. First 26 Installment of Rs. 9.32 lacs each and last Installment of Rs. 7.62 lacs. The loan is secured by hypothecation charge on plant & machinery including electrical installation & other movable fixed assets related to the expansion of plant. Further, loan has been guarateed by the personal guarantee of Mr. Rangnath Nyati, Chairman, Mr. Girdhari Nyati, Whole Time Director and Mr. Gopal Nyati, Executive Director.

1.4 Inter Corporate Deposits was taken during the financial year 2010-2011.

1.5 Vehicle Loan from HDFC Limited was taken during the financial year 2011-2012. The Loan is repayable in 36 monthly installments of Rs.0.35 lacs each starting from Nov. 2011. The loan is secured by hypothecation charge on Vehicle (staff Bus) Further, loan has been guarateed by the personal guarantee of Mr. Rangnath Nyati, Chairman, Mr. Girdhari Nyati, Whole Time Director and Mr. Gopal Nyati, Executive Director.

1.6 Vehicle Loans from Saraswat Co-Op Bank Ltd. are taken during the financial year 2011-2012 & 2013-2014. The Loans are repayable in 36 and 60 monthly installments. The loans are secured by hypothecation charge on Vehicles. Further, loans have been guarateed by the personal guarantee of Mr. Rangnath Nyati, Chairman, Mr. Girdhari Nyati, Whole Time Director and Mr. Gopal Nyati, Executive Director.

2.1 Cash Credit & Export Packing Credit loans are secured by hypothecation of present and future stock of raw material, stock in process, finished goods, stores and spares, book debts and materials in transit on pari passu basis. Cash Credit & Export Packing Credit loans are repayable on demand. Further, loan has been guarateed by the personal guarantee of Mr. Rangnath Nyati, Chairman, Mr. Girdhari Nyati, Whole Time Director and Mr. Gopal Nyati, Executive Director.

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market.

The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit

(Amt. in Rs.) For the year Ended For the year Ended Particular 31st March, 2014 31st March, 2013

Note-3 Commitments & Contingent Liabilities

(a) Bank Guarantee issued by Banks on behalf of the Company 11,00,000 11,00,000

(b) Disputed tax demand pending on appeal (Net of pre-deposit ) (i)

Central Sales Tax(2003-04) 57,87,544 57,87,544

(ii) Central Sales Tax(2004-05) 1,81,46,423 1,81,46,423

(iii) Commercial Tax(2004-05) 6,51,141 6,51,141

(iv) Commercial Tax (2005-06) 2,38,713 2,38,713

(v) Entry Tax (2005-06) 25,834 25,834

(vi) Entry Tax (2006-07) 78,965 78,965

(vii) Entry Tax (2007-08) 1,50,40,026 1,50,40,026

(viii)Entry Tax (2007-08) 1,14,067 -

(ix) Entry Tax (2008-09) 2,23,66,268 2,23,66,268

(x) Entry Tax (2008-09) 9,82,736 -

(xi) VAT (2006-07) 58,28,482 -

(xii) Income Tax (A.Y. 2011-12) 38,21,530 -

Note-4The Company is operating only in one segment, hence no segment wise disclosure as per accounting standard-17 is provided.

Note-5Suppliers who are covered under MSMED Act. 2006 have been identified to the extent of information available with the company. The principal balance due to Micro and Small Enterprises as at 31st March 2014 is Rs. Nil. Further no interest has been paid or is payable under the Act.

Note-6Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2013

1A. General Corporate Information

Divya Jyoti Industries Limited (the Company) is a Public Limited Company incorporated under the provisions of Company Act, 1956. Its shares are listed on two stock exchanges in India. The company is engaged in Solvent Extraction & Refinery of Soya Oil.

Note - 2 The Company is operating only in one segment, hence no segment wise disclosure as per accounting standard-17 is provided.

Note - 3 Suppliers who are covered under MSMED Act. 2006 have been identified to the extent of information available with the company. The principal Balance due to Micro And Small Enterprises as at 31st March 2013 is Nil. Further no interest has been paid or is payable under the Act.

Note - 4 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2010

1. In the opinion of the board, current assets, loans and advances are approximately at the value at which stated in the Balance Sheet, if realized in the ordinary course of business. The provisions for all liabilities are adequate

2. Debit and Credit Balances of Parties are subject to confirmation are subject to confirmation.

3. Provision for income tax has been made as per the provisions of Income Tax Act, 1961.

4. Contingent Liabilities

Particulars As at 31st March, 2010 As at 31st March, 2009

(A) Bank Guarantee issued by Banks on behalf of the Company 12,00,000.00 10,00,000.00

(B) Disputed tax demand pending on appeal

(a) Central Sales Tax(2003-04) 57.88Lacs Net NIL

(b) Central Sales Tax(2004-05) 181.46 Lacs Net NIL

(c)Commercial Tax(2004-05) 12.68 Lacs Net 18.25 Lacs

(d)Commercial tax (2005-06) 2.99 Lacs Net 2.99 Lacs Net

(e)Entry tax (2005-06) 0.33 Lacs Net 0.33 Lacs Net

(f)Entry tax (2006-07) 0.99 Lacs Net 0.99 Lacs Net

5. Related Party Disclosures

a. List of Related Party

I. Mr. Girdhari Nyati : Director

II. Mr. Gopal Nyati : Director

6. Segment Information

The Company is operating only in one segment, hence no segment wise disclosure as per accounting standard-17 is provided.

7. Earning Per Share (EPS)

Basic earning per share is arrived at by dividing the Net Profit after tax (PAT) by the total number of share issued and subscribed as at the end of the year as under

8. Previous year figures have been regrouped and rearranged wherever necessary for comparative purposes.

Amounts furnished in above notes are in INR and the same are rounded off to nearest rupee.