Notes to Accounts of Adharshila Capital Services Ltd.

Mar 31, 2015

Terms & Conditions of Equity Shares

1 The Company has only one Class of Equity Shares having a par value of Rs10/-each

2 Each Shareholders is eligible for one Vote per Shares held

3 The Dividend, if any. proposed by the Board of Directors is subject to the approval of Shareholders in the Annual General Meeting, except i the case of Interim Dividend.

4 In the event of liquidation, the Equity Shareholders are eligible to receive the remaining assets of the company after distribution of a preferential amounts, in proportion of their shareholding

5 There are Nil number of shares (Previous Year Nil) reserved for issue under option and contracts/commitment for the sale of shares/disinvestment including the terms and amounts.

6 For the period of five years immediately preceeding the date at which the balance sheet is preparei

Particulars No.of Shares

Aggregate number and class of shares allotted as fully paid up pursuant to Contract(s) without payment being received in cast Nil

Aggregate number and class of shares allotted as fully paid up by way of bonus share: Nil

Aggregate number and class of shares bought back Nil

7 There are nc securities (Previous Year no) convertible into Equity/Preferential shares

8 There are no calls unpaid (Previous Year Nil) including calls unpaid by Directors and Officers as on balance sheet date

9. The figures have been rounded off to nearest Rupee.

10. The provisions of Provident Fund Act, 1952 are not applicable to the company for the time being.

11. No provision has been made for gratuity since number of employees of the company does not exceed the limit often, thus, the provision of Gratuity Act is not applicable.

12. The previous year's figure has been re-grouped/re-classified to make them comparable with the figures of the current year.

13. No amount is due to Micro, Small or Medium Enterprises.

14. In the opinion of the Board, the Current Assets, Loans and Advances are realizable in the normal course of business at the value at which these are stated in the Balance Sheet.

15. There being only single segment, Segment Reporting as defined in Accounting Standard-17 (AS-17) issued by ICAI is not applicable.

16. Investments include shares of the Pariksha Fin-Invest-Lease Ltd., which are listed at Delhi Stock Exchange; however, no latest quotation is available.

17. Contingent Liability not Acknowledge as debt : NIL

18. RELATED PARTY DISCLOSURES:

In accordance with the requirements of Accounting Standard (AS)-18 on 'Related Party Disclosure' issued by The Institute of Chartered Accountants of India, the names of the related parties where control exist and/or with whom transaction have taken place during the Year and description of relationships as identified and certified by the management are :

A) Parties where control exists : NIL

B) Other Related Parties where transactions have taken place during the year:

i) Associates : Uttam Distilleries Ltd.

ii) Key Management Personnel (KMP) : NONE

iii) Individuals having significant influence I substantial interest and their relatives: -

* Mr. Raj Kumar Adlakha * Mr. Rajan Adlakha

iv) Enterprises significantly influenced by individuals having significant influence/substantial interest:

* The Standard Type Foundry Private Limited * Uttam Foma Techno Cast Private Limited * Uttam Sucrotech Limited

* Rose Dale Estates Private Limited

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Mar 31, 2014

1. Share Capital

Terms & Conditions of Equity Shares

1 The Company has only one Class of Equity Shares having a par value of Rs10/-each

2 Each Shareholders is eligible for one Vote per Shares held

3 The Dividend, if any,proposed by the board of directors is subject to the approval of shareholders in the Annual General Meeting except in the case of interim dividend.

4 In the event of liquidation, the Equity Shareholders are eligible to receive the remaining assets of the company after distribution of ail preferential amounts,in proportion of their shareholding.

5 There are Nil number of shares {Previous Year Nil) reserved for issue under option and contracts/oommitment for the sale of shares/disinvestment including the terms and amounts.

6 There are no securities (Previous Year no) convertible into Equity/Preferential shares.

7 There are no calls unpaid (Previous Year Nil) including calls unpaid by Directors and Officers as on balance sheet date,

2. The figures have been rounded off to nearest Rupee.

3. The provisions of Provident Fund Act, 1952 are not applicable to the company for the time being.

4. No provision has been made for gratuity since number of employees of the company does not exceed the limit of ten, thus, the provision of Gratuity Act is not applicable.

5. The previous year's figure has been re-grouped/re-classified to make them comparable with the figures of the current year.

6. No amount is due to Micro, Small or Medium Enterprises.

7. In the opinion of the Board, the current assets, loans and advances are realizable in the normal course of business at the value at which these are stated in the Balance Sheet.

8. There being only single segment, Segment Reporting as defined in Accounting Standard-17 (AS-17) issued by ICAI is not applicable.

9. Investments include shares of the Pariksha Fin-Invest-Lease Ltd., which are listed at Delhi Stock Exchange; however, no latest quotation is available.

10. Contingent Liability not Acknowledge as debt : NIL

11. RELATED PARTY DISCLOSURES:

A) Parties where control exists : NIL

B) Other Related Parties where transactions have taken place during the year:

i) Associates : Uttam Distilleries Ltd.

ii) Key Management Personnel (KMP) NONE

iii) Individuals having significant influence / substantial interest and their relatives: -

- Mr. Raj Kumar Adlakha

- Mr. Rajan Adlakha (Brother of Mr. Raj Kumar Adlakha)

iv) Enterprises significantly influenced by individuals having significant influence/substantial interest:

- The Standard Type Foundry Private Limited

- Lipi Boilers Limited

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Mar 31, 2013

Terms & Conditions of Equity Shares

1 The Company has only one Class of Equity Shares having a par value of RslO/-each

2 Each Shareholders is eligible for one Vote per Shares held

3 The Dividend , if any,proposed by the board of directors is subject to the approval of shareholders in the Annual General Meeting , except in the case of interim dividend.

4 In the event of liquidation , the Equity Shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts,in proportion of their shareholding.

5 There are Nil number of shares (Previous Year Nii) reserved for issue under option and contracts/commitment for the sale of shares/disinvestment including the terms and amounts.

6 There are no securities (Previous Year no) convertible into Equity/Preferential shares.

7 There are no calls unpaid (Previous Year Nil) including calls unpaid by Directors and Officers as on balance sheet date.

8. The figures have been rounded off to nearest Rupee.

9. The provisions of Provident Fund Act, 1952 are not applicable to the company for the time being.

10. No provision has been made for gratuity since number of employees of the company does not exceed the limit of ten, thus, the provision of Gratuity Act is not applicable.

11. The previous year's figure has been re-grouped/re-classified to make them comparable with the figures of the current year.

12. No amount is due to Micro, Small or Medium Enterprises.

13. In the opinion of the Board, the current assets, loans and advances are realizable in the normal course of business at the value at which these are stated in the Balance Sheet.

14. There being only single segment, Segment Reporting as defined in Accounting Standard-17 (AS-17) issued by ICAI is not applicable.

15. Investments include shares of the Pariksha Fin-Invest-Lease Ltd., which are listed at Delhi Stock Exchange; however, no latest quotation is available.

16. Contingent Liability not Acknowledge as debt : NIL

17. RELATED PARTY DISCLOSURES:

A) Parties where control exists : NIL

B) Other Related Parties where transactions have taken place during the year:

i) Associates : Uttam Distilleries Ltd.

ii) Key Management Personnel (KMP) : NONE

iii) Individuals having significant influence / substantial interest and their relatives: -

* Mr. Raj Kumar Adlakha

* Mr. Rajan Adlakha (Brother of Mr. Raj Kumar Adlakha)

iv) Enterprises significantly influenced by individuals having significant influence/substantial interest:

* The Standard Type Foundry Private Limited

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Mar 31, 2012

1. Terms & Conditions of Equity Shares

1 The Company has only one Class of Equity Shares having a par value of Rs10/-each

2 Each Shareholders is eligible for one Vote per Shares held

3 The Dividend , if any. proposed by the board of directors is subject to the approval of shareholders in the Annual General Meeting , except in the case of interim dividend.

4 in the event of liquidation , the Equity Shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts in proportion of their shareholding.

2. There are Nil number of shares (Previous Year Nil) reserved for issue under option and contracts/commitment for the sale of shares/disinvestment including the terms and amounts.

3. For the period of five years immediately preceeding the date at which the balance sheet Is prepared

4. There are no securities (Previous Year no) convertible into Equity/Preferential shares.

5. There are no calls unpaid (Previous Year Nil) including calls unpaid by Directors and Officers as on balance sheet date.

6. The figures have been rounded off to nearest Rupee.

7. The provisions of Provident Fund Act, 1952 are not applicable to the company for the time being.

8. No provision has been made for gratuity since number of employees of the company does not exceed the limit of ten, thus, the provision of Gratuity Act is not applicable.

9. The previous year's figure has been re-grouped/re-classified to make them comparable with the figures of the current year.

10. No amount is due to Micro, Small or Medium Enterprises.

11. In the opinion of the Board, the current assets, loans and advances are realizable in the normal course of business at the value at which these are stated in the Balance Sheet.

12. There being only single segment, Segment Reporting as defined in Accounting Standard-17 (AS-17) issued by ICAI is not applicable.

13. Investments include shares of the Pariksha Fin-Invest-Lease Ltd., which are listed at Delhi Stock Exchange; however, no latest quotation is available.

14. Contingent Liability not Acknowledge as debt : NIL

15. During the year ended 31st March, 2012, the revised format of accounts was notified by modifying Schedule VI under the Companies Act, 1956. The new format has been followed for preparation and presentation of the financial statement. The adoption of revised Schedule VI, as aforesaid does not impact recognition and measurement principles followed for preparation of the financial statements. The Company has reclassified the previous year's figures in accordance with the requirements applicable in the current year.

16. RELATED PARTY DISCLOSURES:

A) Parties where control exists : NIL

B) Other Related Parttes where transactions have taken place during the year:

i) Associates : Uttam Distilleries Ltd.

ii) Key Management Personnel (KMP) : NONE

iii) Individuals having significant influence / substantial interest and their relatives: -

- Mr. Raj Kumar Adlakha

- Mr. Rajan Adlakha (Brother of Mr. Raj Kumar Adlakha)

iv) Enterprises significantly influenced by individuals having significant inffuence/substantial interest:

- The Standard Type Foundry Private Limited