Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities are disclosed as un-allocable.

Revenue and expenses directly attributable to segments are reported under each reportable segment. All other expenses which are not attributable or allocable to segments have been disclosed as un-allocable expenses.

The company prepares its segment information in conformity with the accounting policies adopted for preparing and presenting the financial statements of the company as a whole.

As per the Indian Accounting Standard-24 on “Related Party Disclosures”, list of related parties identified of the Company are as follows.

(a) Enterprises over which the key management personnel and/or their relatives have significant influence

1. Siddh Corporation 7. Titan Investment

2. Tirupati Natural park 8. Umiya Marble & Stone Ind.

3. Tirupati Quarry Works 9. Tirupati Development (U) Ltd.

4. Rajesh J. Shah & Associates 10. Adishwar Infrastructure Pvt. Ltd.

5. Bharat Pipe Industries. 11. Panchshi Trust-Kansa

6. Tirupati Rushvan 12. Tirupati Foundation

13. Balkrishna Agro Products

(b) Key Management Personnel

1. Ankit R. Shah 4. Jashwantlal K. Patel

2. Bhailal B. Shah 5. Ruchir R. Patel

3. Jitendrakumar I. Patel 6. Rajesh J. Shah

7. Chintan J. Patel 8. Ajitbhai Shah

(c) Relatives of the Key Managerial Personnel

1. Alka R. Shah 8. Minaben R. Patel

2. Jimit R. Shah 9. Sharmistaben J. Patel

3. Jalpaben C. Patel 10. Nitin J. Shah

4. Hiralal Shankarlal Patel. 11. Falguni N. Shah

5. Harendra J. Shah 12. Vaishali H. Shah

6. Jasmin J. Patel 13. Zalak A. Shah

7. Rushikesh G. Patel

Segment Information

As permitted by Ind AS - 108 - “ Operating Segments”, if a single financial report contains both consolidated financial statement and the separate financial statements of the parent, segment information need be presented only on the basis of the consolidated financial statements. This financial report contains both standalone & consolidated financial statements of the parent, hence segment wise Revenue Results and Capital employed are given in consolidated financial statements.