Notes to Accounts of Thirdwave Financial Intermediaries Ltd.

Mar 31, 2014

1. SHARE CAPITAL

RIGHTS, PREFERENCE AND RESTRICTIONS ATTACHED TO EQUITY SHARES

The Equity Shares of the company, having paid up value of Rs. 10/- per share, rank parri-passu in all respects including entitlement to dividend. Partly paid Equity Shares are entitled to dividend only to the extent of paid up value and are liable to for-feiture in case of non-payment of call/allotment money. Repayment of Capital in the event of the winding up of the company will inter alia be subject to provisions of Articles of Association of the Company and as may be determined by the Company in General Meeting, prior to such winding up.

2. There are no amount due to small and micro enterprises for the year.

3. Income/Expenditure in foreign currency - NIL.

4. Payment to Auditors includes Audit Fees Rs. 15,000/-, Tax Audit Fees NIL, For other services NIL.

5. and reimbursement of expenses NIL.

6. Liability for retirement benefits - NIL.

7. Investment in subsidiary companies - NIL.

8. Corresponding figures of the previous year have been regrouped to confirm with this year''s grouping wherever necessary.

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Mar 31, 2013

1. There are no amount due to small and micro enterprises for the year.

2. Payment to Auditors includes Audit Fees Rs. 2,500/-, Tax Audit Fees NIL, For other services NIL and re-imbursement of expenses NIL.

3. Related Party Disclosure

Sanwarmal Agarwal Salary Paid Rs. 2,40,000/-

Interest Fee Loan taken Rs. 4,00,000/-

4.Corresponding figures of the previous year have been regrouped to confirm with this year''s grouping wherever necessary.

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Mar 31, 2012

RIGHTS, PREFERENCE AND RESTRICTIONS ATTACHED TO EQUITY SHARES

The Equity Shares of the company, having paid up value of Rs. 10/- per share, rank pani-passu in all respects including entitlement to dividend. Partly paid Equity Shares are entitled to dividend only to the extent of paid up value and are liable to for-feature in case of non-payment of call/allotment money. Repayment of Capital in the event of the winding up of the company will inter alia be subject to provisions of Articles of Association of the Company and as may be determined by the Company in General Meeting, prior to such winding up.

1.Corresponding figures of the previous year have been regrouped to confirm with this year's grouping wherever necessary.

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Mar 31, 2011

1. Related Party Disclosure

Sanwarmal Agarwal Salary Paid Rs. 1,80,000/-

2.Corresponding figures of the previous year have been regrouped to confirm with this years grouping wherever necessary.

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Mar 31, 2010

1.Corresponding figures of the previous year have been regrouped to confirm with this years grouping wherever necessary.

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Mar 31, 2009

1. Related Party Disclosure

Vinay K Agarwal Remuneration Paid Rs. 30,000/-

Sanwarmal Agarwal Salary Paid Rs. 1,80,000/-

2.Corresponding figures of the previous year have been regrouped to confirm with this years grouping wherever necessary.