Note 1(a) - The Company has only one class of equity shares having par value of Rs.2 per share. Each holder of equity shares is entitled to one vote per share.

Note (b)- There was no issue of shares alloted as fully paid up pursuant to Contarct(s) without payment being received in cash or buyback or bonus shares in the preceeding five years.

(b) Capital work in progress : Rs. 45.63 lacs spent on villa no. 6 Purchased by the Company.

Notes :

2. Vehicle acquired on Hire-Purchase basis amounting to Rs. 203.78 lacs and Net Block amounts to Rs.127.64 lacs

3. Reduction in Land includes reduction of proportionate Business Reconstruction Reserve of Rs.2,617.96 lacs due to Sale/Transfer of Land during the year

Notes :

4. Vehicle acquired on Hire-Purchase basis amounting to Rs.192.72 lacs and Net Block amounts to Rs.143.03 lacs

5. Reduction in Land includes reduction of proportionate Business Reconstruction Reserve of Rs.11,626.18 lacs due to Sale/Transfer of Land during the year

6. a. In the opinion of the management, assets other than fixed assets and non-current investments have a value on realization in the ordinary course of business at least equal to the amount at which they are stated.

b. The accounts of certain Trade Receivables, Trade Payables, Loans & Advances are however, subject to formal confirmations/reconciliations and consequent adjustments, if any. The management does not expect any material difference affecting the current period’s financial statements on such reconciliation/adjustments.

7. Employee Benefit Plans :

Defined contribution plans :

The company contributed to Provident Fund to defined contribution plans for qualifying employees. Under the Scheme, the Company is required to contribute a specified percentage of the payroll cost to fund benefits.

Notes: i. The entire Plan Assets are managed by LIC

ii. The expected return on Plan Assets is as furnished by LIC

iii. The estimate of future salary increase takes in to account inflation, likely increments, promotions and other relevant factors.

Notes:

1. The related parlies have been identified by the Management and relied upon by the auditors.

2. No amount has been provided for/written off/written back, pertaining to related parties.

3. Figures in bracket represent previous year's figures.

8. Consolidated Financial Statements :

As per Accounting Standard 21 on “Consolidated Financial Statements” and Accounting Standard 23 on “ Accounting for Investments in Associates in Consolidated Financial Statements” notified under the “The Companies Accounting Standards Rules, 2006” the company has presented Consolidated Financial Statements separately, in this annual report.

9. Previous year’s figures are re-grouped/reclassified, wherever necessary inter-alia to conform to current year’s presentation.