a. The Company has defaulted in payment of loan to Andhra Bank for which b. they have raised a demand of Rs.1.80 crores under one time settlement scheme (OTS) vide letter no.1204/45/26/837 dated 12-03-2004.

In response to the above, the company had requested the Bank to favorably consider their settlement offer of Rs.1.00 crore as against the above demand.

No further information (acceptance/rejection) is available about the present status of the above demand by the Bank and counter settlement offer by the Company

Notwithstanding the above, Bank had proceeded in exercising their enforcement rights and accordingly, auctioned in the year 2006-07, the following 2 properties.

-No.301/1, 3rd Floor of Krishna Plaza, Municipal # 6-2-953/A and 6-2-953/B admeasuring 952.85sq ft along with undivided land 30.68 sq Yes, Kharitabad and

-No.309/1, 3rd Floor of Krishna Plaza, Municipal # 6-2-953, 6-2-953/A and 6-2-953/B admeasuring 923.65sq ft along with undivided land 28.83 sq Yes, Kharitabad.

An amount of Rs.41.00 lacs were reportedly realized by the Bank from the auction sale of the above properties, which were purportedly adjusted towards their book outstanding.

The Company had in addition to the above, from time to time, reportedly paid to the bank an amount of Rs.9 lacs, thereby resulting in a total repayment of Rs.50 lacs.

Balance net demand, without considering future interests/costs/charges etc by the Bank from 12.03.2004 until 31.03.2015 would be Rs.1.30 crores.

Company has submitted their written request to the Bank, seeking confirmation of balance amount outstanding, due and payable by them to the Bank as on 31.03.2015, include unrealized interests/costs/ charges etc., for which response of the Bank is still awaited.

In view of the above pending status, we are unable to determine the quantum of Contingent Liability upon the Company as on 31.03.2015, even though the Company continues to disclose their financial obligation and dues to the Bank at Rs.3614500 under Note No 6: Long Term Borrowings, Item (b) : Secured Loans.

b.The Company has defaulted in payment of loan to Indian Bank, long back Company has submitted their written request to the Bank, seeking confirmation of balance amount outstanding, due and payable by them to the Bank as on 31.03.2015, include unrealized interests/costs/ charges etc., for which response of the Bank is still awaited.

In view of the above pending status, we are unable to determine the quantum of Contingent Liability upon the Company as on 31.03.2015, even though the Company continues to disclose their financial obligation and dues to the Bank at Rs.426370 under Note No. 6: Long Term Borrowings, Item (b) : Secured Loans.

2.Sundry Creditors

Disclosure has been made as per the definition given in the Micro, Small and Medium Enterprises Development Act, 2006. The Company is not having the information regarding supplier's status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to the amounts as at year end together with interest payable as required under the Act has not been given.

3.Capital Work in Progress

The Opening Balance as on 01.04.2014 lying in Capital Work In Progress being Rs.20397779/- pertain to purported advance payments reckoned prior to 01.04.2014 towards purchase of properties of Flat G1, G2 & G3 in ground floor of "Siri Balaji Residency" admeasuring 5100 sq ft by V R Mathur (personal) under multiple unregistered documents of sale. It is further noted that the right holder Mr.V.R Mathur (personal) has no certain intent to have the properties registered in the name of the Company in future. Accordingly, necessary adjustment entry has been effected during the year 2014-15, to establish factual position.

4.Segment Information

In accordance with Accounting Standard - 17, "Segmental Reporting" issued by the Institute of Chartered Accountants of India, the Company's business segment is Print Media & Electronic Media and TV Serial Production business and it has no other primary reportable segments. Accordingly, the segment revenue, segment results, total carrying amount of segment assets and segment liability, total cost incurred to acquire segment assets and total amount of charge for depreciation during the year, is as reflected in the Financial Statements as of and for the year ended March 31, 2015. The Company caters to the needs of the domestic market and hence there are no reportable geographical segments.

5.Related Party Disclosures

a)Parties where control exists related Party Nil

b)Fellow Subsidiary Companies                 Nil

c)Joint Venture                               Nil

6. Earnings per Share (Basic and Diluted)

The number of shares used in computing Basic Earnings per share (EPS) is the weighted average number of shares outstanding during the year. The number of shares used in computing Diluted EPS comprises of weighted average shares considered for deriving Basic EPS and also the weighted average number of equity share which would be issued for no consideration on exercise of options under the Employee Stock Option Scheme, 2005. The number of shares is adjusted for reduction of share capital.

Profit computation for both Basic and Diluted Earnings per Share of Rupees 10 each Net profit as per the Profit and Loss Account available for Equity share holders (in Rupees) Weighted average number of equity shares for Earning per share computation for Basic Earnings per Share Add: Weighted average outstanding employee stock options deemed to be issued for no consideration