Notes to Accounts of Progrex Ventures Ltd.

Mar 31, 2015

Company has entered into joint venture for construction of Office/ residential blocks on leased land. Work in progress of the venture as certified by the management is Rs 45,47,255/-.

1. Segment Reporting:

a. Business Segment

The company does not have any commercial activities. 2.13 Disclosure of Related Parties & Related Party Transactions :

a. Related Parties where control exists – i.Key Management Personnel -ShriAvaneesh Sabharwal Director)

ShriNitin Bhondwe( Director) ii. Enterprise holding substantial

Interest in voting power Amarkantak Farms Pvt. Ltd.

Betwa Realtors Pvt.Ltd BetwaFinlease Pvt Ltd

b. Related Party transactions (including transactions where related party relationship exists without control):

2. Previous year figures have been regrouped and re-classified to conform to this year's classification.

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Mar 31, 2013

1.1 Estimated amount of contracts remaining to be executed on capital account and not provided for – Rs. NIL (Previous year Rs.NIL)

1.2 Sundry Creditors include due to small scale industries is Rs Nil (Previous year Nil) .

2.1 Segment Reporting:

a. Business Segment

The company does not have any commercial activities.

2.2 Disclosure of Related Parties & Related Party Transactions :

a. Related Parties where control exists –

1.Key Management Personnel-ShriAvaneesh Sabharwal Director)

ShriNitin Bhondwe( Director)

ii. Enterprise holding substantial

Interest in voting power Amarkantak Farms Pvt. Ltd.

Betwa Realtors Pvt. Ltd

Betwa Finlease Pvt Ltd

2.3 Previous year figures have been regrouped and re-classified to conform to this year''s classification.

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Mar 31, 2012

Madhya Pradesh State Industrial Development Corporation Limited (MPSIDC) has been approached with an objective of One Time Settlement for the principal amount Rs. 67,500,000/- The final agreement is due and expected to be executed shortly, has been reported to us.

The Company had placed inter-corporate deposit of Rs.54,100,000 with M/s.Betwa Realtors Private Limited bearing interest @ 18.5% p.a. In view of the default being committed by the said company in repayment, interest on the said deposit amounting to Rs.10,008,500 for the current year has not been recognized. The Company has taken necessary steps for recovery of the deposit along with interest. The Company has considered no provision necessary at this stage.

Madhya Pradesh Financial Corporation (MPFC) in exercise powers conferred on it under Section 29 of the State Financial Corporation Act,1951 taken over all the immovable and movable assets charged to it by the Company on 17th August, 2004. Such assets have been finally auctioned out by MPFC during the previous year. The difference amount being the shortfall between the book value and auction value of assets has been debited to MPFC as amount recoverable from them.

1.1 Estimated amount of contracts remaining to be executed on capital account and not provided for - Rs. NIL (Previous year Rs.NIL)

1.2 Sundry Creditors include due to small scale industries is Rs Nil (Previous year Nil) .

1.3 Segment Reporting:

a. Business Segment

The company does not have any activities.

1.4 Disclosure of Related Parties & Related Party Transactions :

a. Related Parties where control exists -

1.Key Management Personnel-ShriAvaneesh Sabharwal Director)

ShriNitin Bhondwe( Director)

ii. Enterprise holding substantial

Interest in voting power Amarkantak Farms Pvt. Ltd.

Betwa Realtors Pvt.Ltd

Betwa Finlease Pvt Ltd

b. Related Party transactions (including transactions where related party relationship exists without control):

1.5 Previous year figures have been regrouped and re-classified to conform to this year's classification.