The Company's equity shares have a face value of Rs 10 per share. Each equity shareholder is entitled to one vote per share. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation, the equity shareholders are eligible to receive the assets of the Company remaining after distribution of all preferential amounts, in Proportion to their shareholding.

1 Segment Reporting

Since the company is holding Investments and that other activities are incidental thereto, in the opinion of the management there are no separate reportable segment. Accordingly AS-17 notified under the Companies (Accounting Standards) Rules, 2006 in respect of segment reporting is not applicable to the company.

2 Related Party

As per Accounting Standard 18 " Related Party Disclosure" as notified under the Companies (Accounting Standards) Rules, 2006, the disclosures of the related parties are given below:-

3 In view of Pending scrutiny/appeals, the interest on Income Tax Refund has not been recognised as income.

4 In view of uncertainty of the future taxable income which will set off the brought forward loss, no deferred tax assets has been created in terms of Accounting Standard (AS) 22- Accounting for Taxes on income as notified under the Companies (Accounting Standards) Rules, 2006.

5 The Income Tax assessments of the Company have been completed up to 4he Assessment year 2011-2012 The disputed demand up to the said Assessment year is Rs Nil. Based on the decision of the Appellate authorities and interpretation of the relevant provisions, the company has been advised that the no provision for tax is required.

6 The Previous year figures have been regrouped/reclassifiecL wherever necssary to conform to the current year presentation