Notes to Accounts of Anjani Finance Ltd.

Mar 31, 2014

1. NATURE OF OPERATIONS

Anjani Finance Limited (the ''Company'') is a Non Banking Finance Company. The Company was incorporated on April20,1989 and has received a Certificate of Registration from the Reserve Bank of India (''RBI'') on January 1, 2002 to commence / carry on the business of Non-Banking Financial Institution without accepting Public Deposits.

2. Related Party Transactions

(i) Related Parties and their Relationship:

Name of Related Party Relationship

Chair Finance & Investments Pvt. Ltd. Associate concern

Chamelidevi Flour Mills Pvt. Ltd. Associate concern

Commander Industries Pvt. Ltd. Enterprise significantly influenced by KMP

Chameli Enterprises Pvt. Ltd. Enterprise significantly influenced by KMP

Mr. Champalal Jangid Key Management Personnel (KMP)

Mr. Ajit Bhavsar Key Management Personnel (KMP)

3. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if realized, in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

4. Details under Provision of clause 4D of part II of schedule VI of the Companies Act, 1956 regarding value of imports expenditure incurred in Foreign Currency, amount of remittance in Foreign Currency on accounts of dividends, export earnings etc. are not given as all information required in the clause are NIL (Previous Year NIL)

5. Previous years have been re-grouped/re-classified wherever necessary to correspond with the current year classification/ disclosure.

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Mar 31, 2013

1. NATURE OF OPERATIONS

Anjani Finance Limited (the ''Company'') is a Non Banking Finance Company. The Company was incorporated on April 20,1989 and has received a Certificate of Registration from the Reserve Bank of India (''RBI'') on January 1, 2002 to commence / carry on the business of Non-Banking Financial Institution without accepting Public Deposits.

2. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if realized, in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

3. As per section 383A of the Companies Act, 1956 every company having paid up capital of Rs.50 Lacs or more are required to have whole time Company Secretary, the Company does not have whole time secretary.

4. Details under Provision of clause 4D of part II of schedule VI of the Companies Act. 1956 regarding value of imports expenditure incurred in Foreign Currency, amount of remittance in Foreign Currency on accounts of dividends, export earnings etc. are not given as all information required in the clause are NIL (Previous Year NIL)

5. Previous year figures have been regrouped, rearranged or reclassified wherever necessary to confirm with current year presentation of financial statement.

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Mar 31, 2012

1. NATURE OF OPERATIONS

Anjani Finance Limited (the 'Company') is a Non Banking Finance Company. The Company was incorporated on April'20, 1989 and has received a Certificate of Registration from the Reserve Bank of India ('RBI') on January 1, 2Q02Rs.to commence / carry on the business of Non-Banking Financial Institution without accepting Public Deposits.

2.1 Security Particulars of Secured Loans

- Term Loan from Uco Bank

i) Equitable mortgage of Wind Energy Generators & Landed Property where the WEG is installed.

And Hypothecation of Contractors Guarantee, Performance Bond Liquidated Damage, receivable from Rajasthan State Electricity Board, Book Debt.

- Vehicle Loan from ICICI Bank

i) Vehicle loan is secured by the hypothecation of asset purchased.

3. Contingent liabilities :

The company has no contingent liability as at 31st March, 2012 27. The company had not received any intimation from suppliers regarding their status under the Micro, Small & Medium Enterprise Act, 2006, and hence disclosures, if any, relating to amounts unpaid as the year end together with interest paid or payable as required under said Act, have not been given.

4. In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated, if . realized, in the ordinary course of business. Provision for all known liabilities is adequate and not in excess of the amount reasonably necessary.

5. As per section 383A of the Companies Act, 1956 every company having paid up capital of Rs.50 Lacs or more are required to have whole time Company Secretary, the Company does not have whole time secretary.

6. As this is an NBFC & Infrastructure Company the information required as per Paragraph 4C of Part II of Schedule VI of the Companies Act, 1956, regarding License Capacity, Installed Capacity and actual production are not required.

7. Details under Provision of clause 4D of part II of schedule VI of the Companies Act, 1956 regarding value of imports expenditure incurred in Foreign Currency, amount of remittance in Foreign Currency on accounts of dividends, export earnings etc. are not given as all information required in the clause are NIL (Previous Year NIL)

8. As notified by Ministry of Corporate Affairs, Revised Schedule VI under the Companies Act, 1956 is applicable to the financial Statement for the financial year commencing on or after 1st April,2011. Accordingly, the financial statement for the year ended 31st March 2012 is prepared in accordance with the revised schedule VI. The amount and disclosures included in the financial statement of the previous year have been reclassified to conform to the requirement of revised schedule VI.

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Mar 31, 2010

A. NATURE OF OPERATIONS

Anjani Finance Limited (the Company) is a Non Banking Finance Company. The Company was incorporated on April 20, 1989 and has received a Certificate of Registration from the Reserve Bank of India (RBI) on January 1, 2002 to commence / carry on the business of Non-Banking Financial Institution without accepting Public Deposits.

(1) The Company no contingent liability as at 31.03.2010.

(2) Segment Reporting

Information about Business Segments as on 31.03.2010 is as follows:

Amount Rs. in lacs

Primary Business Financial/Investment Wind Energy Total

Segments Activity Generation

Year 2009-10 2008-09 2009-10 2008-09 2009-10 2008-09

Revenue

External Revenue 99.43 55.72 43.46 44.37 142.89 100.10

Inter Segment Revenue - - - - - -

Total Revenue 99.43 55.72 43.46 44.37 142.89 100.10

Segment Result

Profit Before Tax 17.60 48.51 9.74 (0.41) 27.34 48.10

Provision for taxes - - - - 6.41 36.70

Profit or Loss after Taxes - - - - 20.93 11.40

Other Information

Segment Assets 1118.59 1080.68 75.21 100.19 1193.80 1180.87

Segment Liabilities 62.64 49.20 - - 62.64 49.20

Net Worth 1181.23 1129.88 75.21 100.19 1256.44 1230.07

Capital Expenditure 1.18 - - - 1.18 -

Depreciation 1.85 0.41 22.13 30.66 23.98 31.07

(3) Related Party Disclosure & Transaction: (As Certified by Management)

(i) Details of Related Party and their relationships

Key Managerial Personnel : Mr. Champalal Jangid

Mr. Ajit Bhavsar Associates : Chair Finance & Investments Pvt. Ltd.

(4) The information required as per Paragraph 3 of Part II of Schedule VI of the Companies Act, 1956, regarding quantities information about the Purchases made, the Opening and Closing Stocks are as follows.

(5) As this is an Infrastructure Company the information required as per Paragraph 4C of Part II of Schedule VI of the Companies Act, 1956, regarding License Capacity, Installed Capacity and actual production are not required.

(6) Details under Provision of clause 4D of part II of schedule VI of the Companies Act, 1956 regarding value of imports expenditure incurred in Foreign Currency, amount of remittance in Foreign Currency on accounts of dividends, export earnings etc. are not given as all information required in the clause are NIL (Previous Year NIL)

(7) The company had not received any intimation from "suppliers" regarding their status under the Micro, Small & Medium Enterprise Act, 2006, and hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid or payable as required under said act, have not been given.

(8) As per section 383A of the Companies Act, 1956 every company having paid up Capital of Rs. 50 Lacs or more are required to have whole time Company Secretary, The company does not have whole time secretary.

(9) Schedule in terms of Paragraph 13 Non-Banking Finanacial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

(10) Previous year figures have been regrouped and rearranged wherever necessary.

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Mar 31, 2009

1. Related Party Disclosure & Transaction: (As Certified by Management)

(i) Details of Related Parly and their relationships.

Key Managerial Personnel : Mr. Champalal Jangid

Mr. Ajit Bhavsar

2. Contingent liabilities:

The Company has no contingeni Liabilities.

3. Contracts remaining to be executed on Capital Account not provided for is Rs. Nil (Previous year Rs. Nil.)

4. Additional information pursuant to the provision of Part II of schedule VI of the Company Act. 1956 in respect of licensed and installed capacity, Details in respect of Products manufactured, turnover, stocks, raw material consumed etc. is not applicable to the company

5. Details under Provision of clause 4D of part II of schedule VI of the Companies Act, 1956 regarding value of imports expenditure incurred in Foreign Currency, amount of remittance in Foreign Currency on accounts of dividends, export earnings etc. are not given as all information required in the clause are NIL (Previous Year NIL)

6. Company has no small scale industry Creditors having more than Rs. 1 Lac outstanding for more than 30 days as at 31stMarch, 2009.

7. As per section 383A of the Companies Act, 1956 every company having paid up Capital of Rs. 50 Lacs or more are required to have whole time Company Secretary, The company does not have whole time secretary.

8. Previous year figures have been regrouped and rearranged wherever necessary.

9. The statements of Significant Accounting Policies and the Notes numbered 2 to 15 above from an integral part of the accounts for the year ended 31st March, 2009.