Notes to Accounts of Has Lifestyle Ltd.

Mar 31, 2014

1. Previous Year figures have been re-grouped/re-classified, wherever necessary to conform to the current year presentation.

2. Previous year figures are regrouped and rearranged wherever necessary.

3. Related Parties

Name of the related parties and description of their relationship:

1. Key Managerial Personnel Mr. Hemang Bhatt, Executive Director

Mrs. Poonam Yadav, Company Secretary

2. Holding Company * Team India Managers Limited

3. Fellow Subsidiary * Team India Food Private Limited

4. Companies over which HHB Real Estate Private Limited Significant Influence is exercised

* Team India Managers Limited ceases to be the Holding Company of Has Lifestyle Private Limited since 10th March, 2014. Accordingly, Team India Food Private Limited a Subsidiary of Team India Managers Limited also ceases to be the Fellow Subsidiary of Has Lifestyle Private Limited since 10th March, 2014.