(A)(1) :Contingent Liabilities not provided:

The Company has not recognized anc acknowledged the GST demand as liability in its books of accounts aggregating to Rs. 261.93 lacs in respect of earlier years since the company has disputed the demand and has filed reply before appropriate authorities. The same are pending for final adjudication.

The Company has not recognized and acknowledged the Income Tax demand as liability in its books of accounts aggregating to Rs. 322.11 lacs in respect of earlier years since the company has disputed the demand and has filed reply before appropriate authorities. The same are pending for final adjudication.

(D) : Utilisation Of Borrowed Funds And Share Premium:

(a) During the year, no funds have been advanced or caned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to or in any persons or entities, including foreign entities (’’Intermediaries"), with the understanding, whether recorded in writing cr otherwise, that the Intermediary shall, whether, directly or indirectly lend or Invest In other persons or entitles identified n any manner whatsoever by or on behalf of the Company ("Ultimate Beneficiaries”) or provide any guarantee, any security or the like on behalf of the Ultimate Bemficiaries.

(b) During the year, no funds have beer received by the Company from any persons or entitles, including foreign entities ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party ("Ultimate Beneficiaries") or provide any guarantee, any security or the like on behalf of the Ultimate Benificiaries.

(E) : Taxes on Income:

Taxes on income comprises of current tax and deterred tax. Taxes on income have been determined based on the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date. Deferred income taxes are determined for future consequences attributable to timing differences between financial determination of income and income chargeable to tax as per the provisions cf Income Tax Act, 1961. Deferred tax liability has been worked out using the tax rate and tax laws that were in force as on the date of balance sheet and has not been discounted to its present value.

(F) :Provisions, Contingent Liabilities and Contingent Assets:

The Company recognises a provision when there is a present obligation as a result of a past event that probably requires an outflow of the Company's resources embodying economic benefits and a reliable estimate can be made of the amount of the obligation. A disclosure of contingent liabilities Is made when there is a possible obligation that may, but probably will not, require an outflow of resources. As a measure of prudence, the contingent assets are not recognised.

(G) :Prior Period Items:

Prior period expenses have been adjusted to the carrying amount of surplus of Statement of Profit & Loss.

(H)

In the opinion of the Board of Directors, Current Assets & Loans and Advances have a value on realisation in the ordinary course of business equal to the amount at which they are stated in the balance sheet. In the opinion of the Board of Directors, claims receivable against property/goods are realizable as per the terms of the agreement and/or other applicable relevant factors and have been stated in the financial statements at the value which Is most probably expected to be realized.

(I)

The company has obtained balance confirmation from some of the parties for Unsecured Loans, Sundry Creditors, Sundr/ Debtors and parties to whom loans/advance have been granted. All other balances of debtors and creditors, loans and advances and unsecured loans are subject to confirmation and subsequent reconciliation, if any.

(J)

The previous year's figures have been reworked, regrouped and reclassified wherever necessary so as to make them comparable with those of the current period.

(K)

Palse are rounded up tc the nearest of rupee. The negative figures have been shown in brackets.____

Note 29 (A)

(b) Defined benefit plans:

The Company has following post employment benefits which are in the nature of defined benefit plans:

(a) Gratuity

The Company has an obligation towards gratuity, a defined benefit retirement plan covering eligible employees. The plan provides for payment to vested employees at retirement, death while In employment or on termination of employment In accordance with the scheme of the company. Vesting occurs upon completion of five years of service. The Company accounts for the liability for gratuity benefits payable in the future based on an actuarial valuation.

Notes

3 The sensitivity analysis have been determined based on reasonably possible changes of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant.

b The sensitivity analysis presented above may not be representative of the actual change in the Defined Benefit Obligation as It is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

c Furthermore, In presenting the above sensitivity analysis, the present value of the Defined Benefit Obligation has been calculated using the projected unit credit method at the end of the reporting period, which is t.ne same method as applied in calculating the Defined Benefit Obligation as recognised In the balance sheet