Notes to Accounts of IGC Industries Ltd.

Mar 31, 2015

1. No contract on capital account remains to be executed.

2. Contingent Liability not provided for in the books Rs. Nil ( P.Y. NIL)

3. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. Nil.

4. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

5. During the year company has not provided for deferred tax liability.

6. Details of remuneration to Managing Director and Whole Time Director

7. As required by Accounting Standard – 5, details of Prior Period items debited to profit & Loss a/c. is Rs. Nil.

8. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

9. In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2015.

10. The cash flow Statement As per AS 3 is as per Annexure

11. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

11. RELATED PARTY TRANSACTIONS:-

1. Related parties particulars pursuant to "Accounting Standard – 18"

12.Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year's classification.

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Mar 31, 2014

1. No contract on capital account remains to be executed.

2. Contingent Liability not provided for in the books Rs. Nil ( P.Y. NIL)

3. The amount of Exchange difference (Net) credited to the profit & Loss Account for the Year Rs. Nil.

4. The balances appearing under Sundry Debtors, Sundry Creditors Advances to Suppliers and others are subject to confirmation.

5. During the year company has not provided for deferred tax liability.

6. Details of remuneration to Managing Director and Whole Time Director

7. As required by Accounting Standard – 5, details of Prior Period items debited to profit & Loss a/c. is Rs. Nil.

8. The company has not received information from suppliers regarding their status under the Micro, Small and Medium Enterprise Development Act, 2006 and hence the disclosures, if any, relating to amount unpaid as at the year end together with interest paid/payable and other disclosures required to be made U/s.22 of the above Act is have not been given.

9. In determining Earning per share as per AS - 20, the Company has considered net profit after tax. The Number of Shares used for determining basic EPS is the total Number of shares issued & fully paid up as at 31st March, 2015.

10. The cash flow Statement As per AS 3 is as per Annexure

11. No disclosure is required under AS-24 on "Discontinuing Operations" issued by the Institute of Chartered Accountants of India as the company has not discontinued any line of its activity/product line during the year.

12. RELATED PARTY TRANSACTIONS:-

1. Related parties particulars pursuant to "Accounting Standard – 18"

13.Figures of the previous year have been regrouped and reclassified wherever necessary to confirm to the current year's classification.

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Mar 31, 2013

Not available

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Mar 31, 2012

Not available