The rights, preference and restrictions attached to each class of shares including restrictions on the distribution of dividends and the repayment of capital are as under :

Equity Shares

The equity shares have a par value of H10 per share. Each shareholder is entitled to one vote per share. The Company declares and pays dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts, if any. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. Contingent Liabilities & Commitments H in Lacs

Particulars                                       As at          As at
                                               31st March    31st March
                                                  2015           2014

- Contingent Liabilities not provided
for in respect of Legal Matters'                1,674.85         10.05

- Pending Export Obligations                        0.09        134.75
(duty Forgone)

- Capital Commitments:

Estimated amount of contracts remaining to be executed on capital account 254.08 179.76 and not provided for

3. Derivatives Instruments And Hedged/ Unhedged Foreign Currency Exposure

All derivative contracts entered into by the Company are for hedging purposes.

4. The amount of Exchange Difference (Net):

The Foreign Exchange Income of Rs. 505.36 lacs {PY Rs. 98.03 lacs} resulting from settlement and realignment of foreign exchange transaction has been adjusted in the Statement of Profit & Loss.

5. Employee Benefits

a) Defined Contribution Plans :-

The Company has recognised Rs. 257.96 lacs (PY Rs. 241.54 lacs) as expense in Statement of Profit & Loss.

b) Defined Benefit Plans :-

The Company has a defined benefit gratuity plan. Every employee who has completed five years or more of service gets a gratuity on departure at 15 days salary (last drawn salary) for each completed year of service. The scheme is funded. The Company has also provided for Leave Encashment which is unfunded.

6. Segment Reporting

The Company has identified three reportable segments viz. Cinemas, Retail and Gold & Jewellery. Segments have been identified and reported taking into account nature of products and services, the differing risks and returns and the internal business reporting systems. The accounting policies adopted for segment reporting are in line with the accounting policy of the Company with following additional policies for segment reporting.

a) Revenue and expenses have been identified to a segment on the basis of relationship to operating activities of the segment. Revenue and expenses which relate to enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as "Unallocable".

b) Segment assets and segment liabilities represent assets and liabilities in respective segments. Investments, tax related assets and other assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed as "Unallocable".

7. Related Party Disclosure

As per Accounting Standard (AS)-18 "Related Party Disclosures", the Company's related parties and transactions are disclosed below:

a. List of related parties & relationships, where control exists:

Holding Company

BTL Holding Company Limited

(Formerly known as BTL Investments & Securities Ltd.) (SRS Holdings India Ltd. merged with BTL Investments & Securities Limited w.e.f. 18.07.2013)

Subsidiary Company

SRS Worldwide (FZC) (From 12.11.2014)

SRS E Retail Ltd. (From 03.12.2014 to 06.02.2015)

SRS Talkies Ltd. (From 03.12.2014 to 06.02.2015)

Fellow Subsidiary Company

SRS Real Infrastructure Ltd. (From 18.07.2013)

Step Down Subsidiary Company

SRS Real Estate Ltd. (From 18.07.2013)

SRS Retreat Services Ltd. (From 18.07.2013)

b. Related parties & relationships with whom transactions have taken place during the year:

i. Key Management Personnel (KMP)

Dr. Anil Jindal             - Chairman

Mr. Sunil Jindal            - Managing Director

Mr. Raju Bansal             - Whole Time Director

Mr. Vinod Kumar             - Whole Time Director

Mr. Naresh kumar Goyal      - Whole Time Director (From 1.10.2014 to
                              31.01.2015)

Dr. (Ms.) Navneet Kwatra - COO & Company Secretary

ii. Enterprises owned or significantly influenced by KMP and/or their Relatives

SRS Finance Ltd.

BTL Holding Company Limited

(Formerly known as BTL Investments & Securities Ltd.) (SRS Holdings India Ltd. merged with BTL Investments & Securities Limited w.e.f. 18.07.2013)

SRS Real Infrastructure Ltd.

SRS Real Estate Ltd.

SRS Portfolio Ltd (Upto 10.12.2013)

SRS Global Securities Ltd.

SRS Cinemas & Entertainment Limited (From 20.05.2013 to 25.01.2014)

SRS Modern Retail Limited (From 24.05.2013 to 25.01.2014)

SRS Royal Bites Limited (From 1 1.06.2013 to 15.02.2014)

Jai Shiv Jewellers & Manufacturers Ltd (From 1.10.2014 to 31.01.2015)

8. In accordance with Accounting Standard "AS-19 on Leases" the following disclosures in respect of operating leases is made as under:

A. Assets taken on operating lease:

a) The Company has taken certain shops/offices/other Fixed Assets on non-cancellable operating lease. Minimum lease payments of Rs. 3421.69 lacs (PY Rs. 2,741.51 lacs) are charged to Statement of Profit & Loss during the year.

b) Total contingent rents (Calculated on Revenue Sharing Basis) recognized as expense in the statement of profit and loss for the year is Rs. 272.12 lacs (PY Rs. 259.81 lacs).

c) Future commitments in respect of minimum lease payments payable in respect of aforesaid lease entered by the Company are as follows:

d) Sub-lease payments received (on accrual basis) of Rs. 137.62 lacs (PY Rs. 135.78 lacs) are recognized in the Statement of Profit & Loss.

e) The total of future minimum sub-lease payments expected to be received under non-cancellable sub-leases at the Balance Sheet date are Rs. 315.34 lacs (PY Rs. 248.91 lacs).

9. In the opinion of the management, the value on realization of current assets, loans & advances in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet and provisions for all known liabilities has been made.

10. Figures of previous year have been regrouped and/ or rearranged wherever necessary to make them comparable with those of the current year.

11. All amounts in the financial statements are rounded off to the nearest Rupee in lacs, except as otherwise stated.

12.Note 1 to 45 are annexed to and form an integral part of the Balance Sheet as at 31st March 2015 and Statement of Profit & Loss for the year ended as on that date.