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Notes to Accounts of Maruti Infrastructure Ltd.

Mar 31, 2016

1. Terms and Rights attached to equity Shares

2. The company has not issued Equity Shares during the year.

3. The company had issued 24,71,500 Convertible Warrants during the F.Y. 2013-14.

4. The Company has issued 24,71,500 convertible warrants on preferential basis at price of Rs.10/- each and partly paid by Rs.2.5/- each as per SEBI (DIP) Guidelines, 2000 as per approval by BSE letter dated March 10,2014. The warrant holder has to pay Rs.7.5/- per warrant at time of allotment of warrant. The warrant will be converted at the option of the allottees into equity shares of Rs.10/- each at par at any time within 18 months from the date of allotment, in case of option is not exercise within a period of 18 months from the date of allotment, Rs.2.5/- paid on the date of allotment shall be forfeited.

5. The company has not issued any Right/ Bonus shares during any five preceding years.

6. Cash Credit with Sardar Vallabhbhai Sahakari Bank is secured by hypothecation of book debts of company, and mortgage of office building in the name of the company in tune of sanction limits. The company has not defaulted in payment of loans during the financial year.

7. Related Party Transactions:

As per Accounting Standard 18, issued by the Institute of Chartered Accountants of India, the disclosures of transactions with the related parties as defined in the Accounting Standards are given below:

83 Key Management Personnel (KMP):

Mr. Nimesh D. Patel

Mr. Paresh M Patel

9. Relative of Key Management Personnel (RKMP):

Mrs. Hiteshi N. Patel

Mr. Dashrathbhai B Patel

10. Disclosure of Transactions between the Company and Related Parties and the status of outstanding balances as at March 31, 2016:

11. During the year, there were no imports of raw materials, stores and spares or capital goods and there was no remittance in foreign currency on account of dividends.

12. Estimated amount of contracts remaining to be executed on capital account and not provided for: Rs. Nil (Rs. Nil).

13. In opinion of the directors, contingent liability not provided is Rs. Nil. (Rs. Nil).

14. Figures have been rounded off to the nearest rupee and previous year''s figures have been regrouped, rearranged and reclassified wherever necessary to confirm with current year''s figures.


Mar 31, 2015

1. Share Capital

1.1 Terms and Rights attached to equity Shares

a The company has issued 24,71,500 Equity Shares during the year.

b The company has issued 24,71,500 (0) Convertible Warrants during the F.Y. 2013-14.

c The Company has converted 24,71,500 convertible warrants which was issued on 10th March, 2014 as per below mention Note No. 1.3(d) into 24,71,500 Equity Shares of Rs. 10/- each and premium of Rs. 5 per share as per SEBI (DIP) Guidelines, 2000 as per approval by BSE letter dated 13th August ,2014. The warrant was converted into equity shares of Rs. 10/- each at par on 24th May 2014.

d The Company has issued 24,71,500 convertible warrants on preferential basis at price of Rs. 10/- each and partly paid by Rs.2.5/- each as per SEBI (DIP) Guidelines, 2000 as per approval by BSE letter dated 10th March,2014. The warrant holder has to pay Rs. 7.5/- per warrant at time of allotment of warrant. The warrant will be converted at the option of the allottees into equity shares of Rs. 10/- each at par at any time within 18 months from the date of allotment, in case of option is not exercise within a period of 18 months from the date of allotment, Rs. 2.5/- paid on the date of allotment shall be forfeited.

e The company has not issued any Right/ Bonus shares during any five preceeding years.

2. Related Party Transactions:

As per Accounting Standard 18, issued by the Institute of Chartered Accountants of India, the disclosures of transactions with the related parties as defined in the Accounting Standards are given below:

(a) Key Management Personnel (KMP):

Mr. Nimesh D. Patel

Mr. Paresh M Patel

(b) Relative of Key Management Personnel (RKMP):

Mrs. Hiteshi N. Patel

Mr. Dashrathbhai B Patel

(c) Entity where company has Partnership Firm

M/S Tirupati Super Structure

(d) Disclosure of Transactions between the Company and Related Parties and the status of outstanding balances as at March 31, 2015:

3. During the year, there were no imports of raw materials, stores and spares or capital goods and there was no remittance in foreign currency on account of dividends.

4. There was no earning/remittance in foreign currency.

5. Estimated amount of contracts remaining to be executed on capital account and not provided for: Rs. Nil (Rs. Nil).

6. In opinion of the directors, contingent liability not provided is Rs. Nil. (Rs. Nil).

7. Figures have been rounded off to the nearest rupee and previous year's figures have been regrouped, rearranged and reclassified wherever necessary to confirm with current year's figures.


Mar 31, 2014

1.1 Terms and Rights attached to Equity Shares

* The company has only one class of Equity Shares having a par value of Rs. 10 each. Each holder of equity shares is entitled to one vote per share. The Company declares and pay dividend proposed by the Board of Directors is subject to approval of the Shareholding in the ensuing Annual General Meeting.

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

* The company has issued 19,00,000 Equity Shares during the year.

* The Company has issued 19,00,000 Equity Shares on preferential basis to promoters and other than promoters at price of

Rs. 12/- each (Including Premium of Rs. 2/- per share) as per SEBI (DIP) Guidelines 2000 as per approval by BSE letter dated 20th March, 2013.

* The Company has issued 24,71,500 Convertible Warrants during year.

* The Company has issued 24,71,500 Convertible Warrants on preferential basis at price of Rs. 10/- and partly paid by Rs. 2.5/

- each as per SEBI (DIP)Guidelines 2000 as per approval by BSE letter dated 10th March, 2014. The warrant holder has to pay Rs. 7.5/- per warrant at time of allotment of warrant. The warrant will be converted at the option of the allottees into equity shares of 7 10/- each at par at any time within 18 months from the date of allotment, in case of option is not exercise within a period of 18 months from the date of allotment, Rs. 2.5/- paid on the date of allotment shall be forfeited.

* The company has not issued any Right/Bonus shares during any preceeding year.


Mar 31, 2013

1. Directors Remuneration Paid during the year is Rs. 9,00,000 ( Rs. 9,00,000)

2. During the year, there were no imports of raw materials, stores and spares or capital goods and there was no remittance in foreign currency on account of dividends.

3. There was no earning/Remittance in foreign currency.

4. Estimated amount of contracts remaining to be executed on capital account and not provided for: Rs. Nil (Rs. Nil).

5. In opinion of the directors, contingent liability not provided is Rs. Nil. (Rs. Nil).

6. Figures have been rounded off to the nearest rupee and previous year''s figures have been regrouped, rearranged and reclassified wherever necessary to confirm with current year''s figures.


Mar 31, 2010

1. The details of amount outstanding to Micro, Small and Medium Enterprise under the Micro Small and Medium Enterprises Development Act 2006(MSMED Act), based on the available information with the company:

Disclosure under section 22 of Micro, Small and Medium Enterprises Development Act, 2006.

a. Principal amount remaining unpaid to suppliers as on 31st March 2010:- Rs. Nil (Rs.Nil)

b. Amount of interest paid under section 16:- Rs Nil. (Rs.Nil)

c. Amount of interest due and remaining unpaid as on 31st March 2010:- Rs. Nil (Rs. Nil)

d. Amount of interest accrued and remaining unpaid as on 31st March 2010:- Rs. Nil (Rs. Nil)

e. Amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest . specified under this Act: - Rs. Nil (Rs. Nil)

The company has compiled this information based on the current information in its possession. As at March 31 2010 no supplier has intimated the company about its status as micro or small enterprises or its registration with the appropriate authority under the Micro, Small and Medium Enterprises Development Act,2006.

2. In opinion of the directors, contingent liability not provided is Rs. Nil. (Previous Year Rs. Nil)

3. Directors Remuneration Paid during the year is Rs. 4,00,000 (Rs. 3,00,000)

4. Related Party Transactions:

1. Related Parties as identified by the Company and relied by Auditors: i. Key Managerial Personel

a. Nimesh D. Patel

b. Chetan A. Patel

5. Additional information pursuant to the provisions of paragraphs 3, 4B, 4C, 4D of part II of the Schedule VI of the Companies Act, 1956.

(b) As the Company is into the Execution of infrastructure Projects, it is not practicable to give other details pursuant to paragraphs 3, 4B, 4C, 4D of part II of the Schedule VI of the Companies Act, 1956.

During the year, there were no imports of raw materials, es and spares or capital goods and there was no remittance in foreign currency on account of dividends. Also, there was no earning/Remittance in foreign currency.

6. Figures have been rounded off to the nearest rupee and previous years figures have been regrouped, rearranged and reclassified wherever necessary to confirm with current years figures.

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