1). Preference shares are Redeemable after five years from the date of allotment subject to achieving net worth of Rs. 100 lakhs without considering the said preference shares

2). The Board meeting held on 22/07/2016 has approved the redemption plan of the preference shares. Ten lakhs redeemable preference shares of Rs. 100 each shall be redeemed out of the profits of the Company in not more than 10 annual installments of a minimum of 1,00,000 preference Shares of Rs. 100 each aggregating to Rs. 1 crore per year.

3). The Company has redeemed 100000 Zero percent Redeemable Preference Shares of Rs. 100 each at a value of Rs. 1 crore during the year.

4. AS -19, Leases (Operating Lease - Leases as a lessor)

5. The Company has given plant & equipment to its franchisees under operating lease on cancellable basis by giving 90 days notice by either party. The lease term varies from 3 years to 5 years.

6. Total contingent rent recognized as income in the statement of profit and loss for the period. NIL

7. Initial direct costs in connection with the leases are expensed in the statement of profit and loss for the period.

8.. Information of the Company as required to be furnished as per Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) for the year ended March 31, 2017 is given below. This information has been determined to the extent such parties have been identified on the basis of information available with the Company.

9. Previous year figures have been regrouped /reclassified wherever necessary to suit the current year's layout.