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Notes:-
1-.
The above unaudited financial results were reviewed by the Audit
Committee and taken on record by the Board of Directors at their
meeting held on April 18, 2006.
2-
EPS has been arrived at on the enhanced equity after IPO, proceeds
of which are to be utilized in next two financial years in terms
of Prospectus. The listing was granted w.e.f. 22.02.2006 by BSE
& NSE.
3-
No. of investor complaints outstanding at the beginning of the quarter
was Nil, no. of complaints received and resolved during the quarter
were 389 and 378 respectively and outstanding no. of complaints
at the end of the quarter was11.
4-
Auditor's qualifications on the previous year's accounts that have
bearing on results, have been dealt with except to the extent of
(i) not amortizing the value of title which in the opinion of management
is not required to be amortized in view of its life being infinite
and residual value being much higher than the cost and (ii) not
providing liability for accrued leave eligible for encashment on
actuarial valuation, steps for which have already been initiated
in the current financial year to do so in the next financial year.
It does not have any adverse effect on the results.
5-
Out of IPO proceeds of Rs. 321.25 crores received by the Company
in February 2006, amount of Rs. 19.79 crores has been utilized for
issue expenses, amount of Rs. 2.71 crores has been deposited as
refundable security deposit with BSE and balance Rs. 298.75 crores
has been temporarily invested as indicated in the Prospectus.
6-
The Company's business activity falls with in a single business
segment in terms of Accounting Standard 17.
By
the Order of the Board
For Jagran Prakashan Limited
(Mahendra Mohan Gupta)
Chairman & Managing Director
Date: 18.04.2006
Place: New Delhi
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