Notes to Accounts of SIL Investments Ltd.

Mar 31, 2016

1. As there is only one segment in the Company, hence Segment Reporting (AS-17) is not applicable.

2. There is shortfall in the market value of certain long term investments in shares. However, the Company has not made provision in respect of such shortfall aggregating to Rs.144.58 lakhs (Previous year Rs.1247.49 lakhs) as the same in the opinion of the management is not permanent in nature. However, there is no diminution in the overall market value of the quoted/unquoted investments and break-up value of unquoted investments.

3. RELATED PARTY DISCLOSURE

A Subsidiaries - SCM Investment & Trading Co.Ltd.

- RTM Investment & Trading Co.Ltd.

- SIL Properties Ltd.

- RTM Properties Ltd.

B Key Management Personnel and their relatives Mrs. Shalini Nopany (Managing Director)

Mr. C.S. Nopany (Relative of Managing Director) C Enterprise owned or significantly influenced by The Oudh Sugar Mills Limited Key Management Personnel and their relatives

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Mar 31, 2015

1. Nature of Operations

The main business of the Company is of investments and financing activities.

2.SHARE CAPITAL:

(a)Terms/ Rights attached to Equity Shares

Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares 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. There is no restriction on distribution of dividend. However, same is subject to the approval of the shareholders in the Annual General Meeting.

3. Contingent Liabilities and Commitments As at As at 31st March, 31st March 2015 2014

A) Contingent Liabilities (not provide 201.85 - for) Demand for Income Tax,under appeal

B) Commitments: 213.75 -

Estimated amount of contract remaining to be executed on Capital Account [Net of advance Rs.23.75 Lakhs (previous year Rs. Nil)] and not provide for.

4. As there is only one segment in the Company, hence Segment Reporting (AS-17) is not applicable.

5. There is shortfall in the market value of certain long term investments in shares. However, the Company has not made provision in respect of such shortfall aggregating to Rs.1247.49 Lakhs (Previous year Rs.1376.04 Lakhs) as the same in the opinion of the management is not permanent in nature. However, there is no diminution in the overall market value of the quoted/unquoted investments and break-up value of unquoted investments.

6. RELATED PARTY DISCLOSURE

A Subsidiaries - SCM Investment & Trading Co.Ltd.

- RTM Investment & Trading Co.Ltd.

- SIL Properties Ltd.

- RTM Properties Ltd.

B Key Management Personnel Mrs. Shalini Nopany(Managing Director) and their relatives

C Enterprise owned or significantly influenced by The Oudh Sugar Mills Limited Key Management Personnel and their relatives

7. Previous year figures have been reclassified/regrouped to conform current year figures.

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Mar 31, 2014

1.01 As there is only one segment in the Company, hence Segment Reporting (AS-17) is not applicable.

1.02 There is shortfall in the market value of certain long term investments in shares. However, the Company has not made provision in respect of such shortfall aggregating to Rs.1376.04 lakhs (Previous year Rs.1217.76 lakhs) as the same in the opinion of the management is not permanent in nature. However, there is no diminution in the overall market value of the quoted/unquoted investments and break-up value of unquoted investments.

1.03 RELATED PARTY DISCLOSURE

A Subsidiaries - SCM Investment & Trading Co.Ltd.

- RTM Investment & Trading Co.Ltd.

- SIL Properties Ltd.

- RTM Properties Ltd.

B Key Management Personnel and their relatives Mrs. Shalini Nopany (Managing Director)

C Enterprise owned or significantly influenced by The Oudh Sugar Mills Limited Key Management Personnel and their relatives

D Transactions with Related Parties during the year:

1.4 Previous year figures have been reclassified/regrouped to conform current year figures.

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Mar 31, 2013

1.01 Nature of Operations

The main business of the Company is of investments and financing activities.

1.02 As there is only one segment in the Company, hence Segment Reporting (AS-17) is not applicable.

1.03 There is shortfall in the market value of certain long term investments in shares. However, the Company has not made provision in respect of such shortfall aggregating to Rs.1217.76 lakhs (Previous year Rs.1459.87 lakhs) as the same in the opinion of the management is not permanent in nature. However, there is no diminution in the overall market value of the quoted/unquoted investments and break-up value of unquoted investments.

1.04 TAXATION

The Current Tax provided during the year ended 31st March, 2013 as per provisions of the Income Tax Act, 1961.

1.05 Previous year figures have been reclassified/regrouped to conform current year figures.

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Mar 31, 2012

1. As there is only one segment in the Company, hence Segment Reporting (AS-17) is not applicable.

2.There is shortfall in the market value of certain long term investments in shares. However, the Company has not made provision in respect of such shortfall aggregating to Rs.14,59,86,610 (Previous year Rs.13,25,44,007) as the same in the opinion of the Management, is not permanent in nature. However, there is no diminution in the overall market value of the quoted/unquoted investments and break-up value of unquoted investments.

3. The Company has prepared current year account as per presentation and disclosure requirement of Revised Schedule VI of the Companies Act, 1956 applicable with effect from 1st April, 2011. Previous year figures have been reclassified/ regrouped to conform current year figures.

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Mar 31, 2011

1) Nature of Operations

The main business of the Company is of investments and financing activities.

2) As there is only one segment in the Company, hence Segment Reporting( AS-17) is not applicable.

3) There is shortfall in the market value of certain long term investments in shares. However, the Company has not made provision in respect of such shortfall aggregating to Rs.13,25,44,007/- (Previous year Rs.11,90,68,564/-) as the same in the opinion of the management, is not permanent in nature. However, there is no diminution in the overall market value of the quoted/unquoted investments and break-up value of unquoted investments.

4) RELATED PARTY DISCLOSURE

(A) Subsidiaries

SCM Investment & Trading Co.Ltd.

RTM Investment & Trading Co.Ltd.

SIL Properties Ltd.

RTM Properties Ltd.

(B) Key Management Personnel Mrs.Shalini Nopany (from 25.1.2010) and their relatives

5) TAXATION

a) The Current Tax provided during the year ended 31.03.2011 on the basis of normal provisions of the Income Tax Act,1961 after claming MAT credit set off Rs.3,09,447/-.

b) DEFERRED TAXATION

i) In accordance with Accounting Standard-22, Deferred Tax Liabilities amounting to Rs.1141040 has been accounted for.

6) Figures for previous year have been regrouped/rearranged and/or frecast wherever considered necessary.

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Mar 31, 2010

1) Nature of Operations

The main business of the Company is of investments and financing activities.

Contingent Liabilities not provided for in respect of:

(Amount in Rs.)

As at As at Particulars 31st March, 2010 31st March, 2009

(a) Effective Corporate Guarantee given for Damanganga Processors Ltd. - 358438 (now a unit of Sutlej Textiles and Industries Ltd.) in favour of Bank Rs.Nil (Previous year Rs.89,00,000/-)

(b) Income Tax demand against which the Company has preferred an Appeal. - 9621029 (Amount deposited under protest Rs.Nil, Previous year Rs.16,00,000/-)

2) As there is only one segment in the Company, hence Segment Reporting( AS-17) is not applicable.

3) There is shortfall in the market value of certain long term investments in shares. However, the Company has not made provision in respect of such shortfall aggregating to Rs.11,90,68,564/- (previous year Rs.14,10,15,521/-) as the same in the opinion of management, is not permanent in nature. However, there is no diminution in the overall market value of the quoted/unquoted investments and break-up value of unquoted investments.

4) The Company has been granted Certificate of Registration as an NBFC w.e.f.22.05.2009 by Reserve Bank of India, Jaipur.

5) RELATED PARTY DISCLOSURE

(a) Subsidiaries SCM Investment & Trading Co.Ltd.

RTM Investment & Trading Co.Ltd. SIL Properties Ltd. RTM Properties Ltd.

(b) Key Management Personnel Mr. N. M. Gupta (upto 31.10.2009) and their relatives Mrs.Shalini Nopany (from 25.1.2010)

(c) Enterprises over which key Management Sutlej Textiles and Industries Ltd. personnel are able to exercise significant (Company under same management upto 31.8.2008) influence.

6) Figures for previous year have been regrouped/rearranged and/or recast wherever considered necessary.