| 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 October 30,
2006.
2- The Company
is primarily engaged in the business of Printing and Publishing Newspaper
and Periodicals and there are no other reportable segments as per Accounting
Standard 17 on Segment Reporting.
3- There
is no qualification of Auditors except the one regarding non- amortization
of the value of title "Dainik Jagran" 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 its cost.
4- No. of
investor complaints/queries outstanding at the beginning of the quarter
was 6, no. of complaints/queries received and disposed off during the
quarter were 93 and 95 respectively and outstanding no. of complaints/queries
at the end of the quarter was 4.
5- Utilisation of IPO Proceeds: Out of unspent amount of Rs. 290.34 Crores,
an amount of Rs. 13.49 crores has been spent in terms of the Objects of
the issue and remaining balance Rs. 276.85 crores is temporarily invested
as indicated in the Prospectus.
6- The shareholders
approved the issue of Bonus Shares, in the ratio of one new equity share
of Rs. 10/- each for every five existing equity shares of Rs. 10/- each
at the Annual General Meeting held on September 29, 2006. Since Bonus
Issue shall be effected after the record date i.e. November 3, 2006, EPS
has been worked out without considering this issue.
By the Order of the Board
For Jagran Prakashan Limited
(Mahendra
Mohan Gupta)
Chairman & Managing Director
Date: October 30, 2006
Place: Noida
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