1) Basis of Preparation of Financial Statements:-

(i) Compliance with Ind AS

The financial statements comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 (the Act) [Companies (Indian Accounting Standards) Rules, 2015] and other relevant provisions of the Act. These financial statements are the first financial statements under Ind AS.

The financial statements up to year ended March 31, 2017 were prepared in accordance with the accounting standards notified under Companies (Accounting Standard) Rules, 2006 (as amended) and other relevant provisions of the Act.

(ii) Historical cost convention

The financial statements have been prepared on an accrual basis and under the historical cost convention except certain financial assets and liabilities are measured at fair value (refer accounting policy regarding financial instruments).

(iii) Classification of assets and liabilities

The classification of assets and liabilities into current and non-current, wherever applicable, are based on normal operating cycles of business activities of the Company, which is twelve months.

Notes to Accounts:

1) Contingent Liability not provided for: Rs.NIL

2) The balances of sundry debtors, sundry creditors, loans and advances are subject to confirmation.

3) As explained to us, the provisions of Provident Fund Act, ESI Act, and Gratuity Act are not applicable to the Company.

4) Segment Information:

Based on the management approach as defined in Ind AS 108 - Operating Segments, the Chief Operating Decision Maker ('CODM') evaluates the Group performance and allocates resources based on an analysis of various performance indicators by business segments. Accordingly, information has been presented along these business segments viz. Trading in Fabrics Business, Electronics and Electric Equipment Business and Agricultural Product Business.

Geographical information:

The Company's operations are based only in India. Hence all of the revenues and the non current assets of the Company are located in India.

2) The public issue expenses and deferred revenue expenditure incurred are written off over a period of 10 years.

3) According to the information available with the Company, there are no amounts as at 31st March, 2018 due to suppliers in amounts outstanding for more than Rs.1,00,000/- for more than 30 days who constitute a "Micro, Small and Medium Enterprises" as per MSMED Act, 2006.

4) The Board of Directors is of the opinion that all the liabilities have been adequately provided for.

5) There is no operational activity in the business of shares and securities, lease and in finance field.

6) We are informed by the management that there is no decline in price in respect of unquoted Investment.

7) There was no impairment loss on Fixed Assets on the basis of review carried out by the Management in accordance with Accounting Standard-28 issued by the Institute of Chartered Accountants of India.

8) During the current year ended 31 March, 2018, pursuant to the approval of shareholders at the Extra ordinary General Meeting held on 27th June, 2017, the Company has issued and allotted an aggregate of 15,00,000 Equity Shares of Rs.10 each at a price of Rs.61 Per share (inclusive of a premium of Rs.51 Per equity share) on preferential allotment basis to various parties. Such preferential shares shall rank pari passu in all respects including, as to dividend, with existing fully paid up equity shares of face value of Rs.10 each and shall also be subject to lock-in, in accordance with the provisions of SEBI (issue of Capital and Disclosure Requirements) Regulations.

Disclosure required in terms of Clause 13.5A of Chapter XIII on Guidelines for preferential issues, SEBI (Disclosure and Investor Protection) Guidelines, 2000 :

The Company has received an amount of Rs. 9,15,00,000 towards share application money and the allotment of equity shares was made on Dt.17/07/2017 on completion of required formalities. As per the objects of the preferential allotment, the end use of the funds raised was towards meeting the fund requirements of subsidiary/ ies and to incorporate new subsidiaries; to meet long term working capital requirements and to fund expansion including diversification of new business activities. The entire amount of Rs. 9,15,00,000 has been utilised during the year. Besides, Company has advanced for acquisition of Granite mining rights situated at Survey No.7, Paiki area 1-60-00, District Sabarkantha, Taluka Vadali, Village Jamrela for 20 years as also for acquisition of NonBanking Finance Company.

9. Financial Instruments and Related Disclosures

I. Capital Management

The Company does not have substantial borrowing and aims at maintaining a strong capital base so as to maintain adequate supply of funds towards future growth plans as a going concern.

The carrying amounts of trade payables, other financial liabilities, cash and cash equivalents, other bank balances, trade receivables and other financial assets are considered to be the same as their fair values due to their short term nature.

III. Expected Credit Loss

The company has receivable balances on commercial trades, which are generally short term in nature. Further, financial instruments such as mutual funds and tax free bonds are made in high quality papers/ counterparties. Accordingly, the Company has concluded that no provision for expected credit loss is required.

IV. Financial Risk Management

There are no significant market risk or liquidity risk to which the Company is exposed.