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 29, 2007. These are subject to limited review by the Statutory Auditors.

2.      The Company is engaged primarily in printing and publication of Newspaper and Magazines in India. The other activities of the company comprise outdoor advertising business, event management services and SMS services.  However, these in the context of the Accounting Standard 17 on Segment Reporting issued by the Institute of Chartered Accountants of India are considered to constitute one single reportable segment.

3.      There is no qualification of Auditors for the year ended March 31, 2007 except 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. However, the Company has sought opinion from Expert Advisory Committee of ICAI, which is still awaited. 

4.      No. of investor complaints/queries outstanding at the beginning of the quarter was 2, number of complaints/queries received and disposed off during the quarter were 26 and 27 respectively and outstanding number of complaints/queries at the end of the quarter was 1.

5.      Utilisation of IPO Proceeds: Out of unspent amount of Rs. 185.69 Crores, an amount of Rs.37.06 crores has been spent in terms of the Objects of the issue and remaining balance Rs. 148.63 crores is temporarily invested/ deposited as indicated in the Prospectus.

6.      An interim dividend of Rs. 5 per equity share of face value of Rs. 10 each has been declared for the financial year 2007-08 at the above board meeting. The record date for the payment of the dividend will be November 16, 2007.

7.      The Board of directors has recommended sub-division of the face value of the Equity Shares of the Company from Rs.10 per share to Rs. 2 per share, subject to necessary approvals.

8.      Consequent upon issue of 1,00,39,020 Bonus Shares of Rs. 10 each in the ratio of 1:5 on November 9, 2006, Earning Per Share (EPS) has been calculated and adjusted for the past periods as well in terms of Accounting Standard – 20 issued by ICAI.

9.      Figures are re-grouped/re-cast, wherever necessary to make them comparable.

                                                                                                By the Order of the Board

                                                                                                For Jagran Prakashan Limited

                                                                                                    (Mahendra Mohan Gupta)

                                                                                                Chairman & Managing Director

Date: October 29, 2007

Place: New Delhi