1 Segment Reporting :

The company has only one business segment viz. investment and related activities and its operations are also confined to one geographical segment i.e. India. As such, no further

2. Related Party Disclosures

Names of related parties and related party relationship

a. Name of the related parties where control exists :

Subsidiary Companies PIC Properties Limited

PIC Realcon Limited

Atlas Iron & Alloys Limited (in Liquidation)

b. Names of other related parties :

Associate Company_Century Textiles & Industries Limited_

Key Management Personnel Shri R.P.Pansari -CEO (Managing Director upto 06.05.2017)

Shri N.K.Baheti -(CFO)

_Shri R.S.Kashyap -(Company Secretary)_

Related Party Transactions

The following table provides the total amount of transactions that have been entered into with related parties for the relevant period: _ _

3 Based on the information’s/documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprises Development Act, 2006. As a result, no interest provisions / payments have been made by the company to such creditors, if any, and no disclosures are made in these accounts.

4 Leases :

Operating Lease : Company as a Lessee

The office premises is obtained on operating lease. The lease term is for 1-3 years and renewable for further period either mutually or at the option of the company. There is no escalation clause in the lease agreements. There are no restrictions imposed by lease arrangements. The lease is cancellable. _ _

Operating Lease : Company as a Lessor

The company has leased certain office space on operating leases. The lease term is for 1-3 years and thereafter renewable as per mutual agreement. There is escalation clause in the lease agreements. The rent is not based on any contingencies. There are no restrictions imposed by lease arrangements. The leases are cancellable.

5 Minimum Alternative Tax (MAT) Credit entitlement of Rs, 2898.22 lakhs (after adjusting utilised during the current year Rs, 43.08 lakhs), has not been recognized by the Company in the absence of convincing evidence to claim the above tax credit in future years.

6 The Company has applied to the Reserve Bank of India (“RBI”) for its conversion from Nonbanking Financial Company to Core Investment Company and the approval from RBI is awaited.

7 Previous year’s figures including those in brackets have been regrouped / rearranged where necessary to confirm to the current year’s figures.