Notes to Accounts of Starteck Finance Ltd.

Mar 31, 2025

(ii) Terms and rights attached to equity shares

The Company has only one class of equity share having value of Rs 10 each with an entitlement of one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the annual general meeting. In the event of liquidation of the Company, the holder of equity shares will be entitled to receive any of the 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.

Nature & purpose of other equity and reserves :

(a) Securities premium account :

Securities premium reserve is used to record the premium on issue of financial securities such as equity shares, preference shares, compulsory convertible debentures. The reserve is utilised in accordance with the provision of the Act.

(b) Reserve u/s 45 IC of the Reserve Bank of India Act, 1934:

The Company created a reserve pursuant to section 45 IC the Reserve Bank of India Act, 1934 by transferring amount not less than twenty per cent of its net profit every year as disclosed in the Statement of Profit and Loss and before any dividend is declared.

(c) Retained earnings

Retained earnings represent the amount of accumulated earnings of the Company.

24 Income tax expense

This note provides an analysis of the Company''s income tax expense, show amounts that are recognised directly in equity and how the tax expense is affected by non-assessable and nondeductible items. It also explains significant estimates made in relation to the Company''s tax positions.

28 Financial risk management

The Company''s activities expose it to business risk, interest rate risk, liquidity risk and credit risk. In order to minimise any adverse effects on the financial perfonnance, the Company''s risk management is carried out by a corporate treasury and corporate finance department under policies approved by the board of directors and top management. Company''s treasury identifies, evaluates and mitigates financial risks in close cooperation with the Company''s operating units. The board provides guidance for overall risk management, as well as policies covering specific areas.

(A) Credit Risk

Credit risk arises from the possibility that the counter party may not be able to settle their obligations as agreed.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis through out each reporting period. To assess whether there is a significant increase in credit risk the Company compares the risk of default occurring on asset as at the reporting date with the risk of default as at the date of initial recognition. It considers reasonable and supportive forwarding-looking information such as:

i) Actual or expected significant adverse changes in business,

ii) Actual or expected significant changes in the operating results of the counterparty,

iii) Financial or economic conditions that are expected to cause a significant change to the counterparty''s ability to meet its obligations,

iv) Significant changes in the value of the collateral supporting the obligation or in the quality of the third-party guarantees or credit enhancements.

Financial assets are written off when there is no reasonable expectations of recovery, such as a debtor failing to engage in a repayment plan with the Company. Where loans or receivables have been written off the Company continues engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognized in profit or loss.

The Company measures the expected credit loss of trade receivables and loan from individual customers based on historical trend, industry practices and the business environment in which the entity operates.Loss rates are based on actual credit loss experience and past trends. Based on the historical data, loss on collection of receivable is not material hence no additional provision considered.

(B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding to meet obligations when due. Due to the dynamic nature of the underlying businesses. Company''s treasury maintains flexibility in funding by maintaining sufficient cash and bank balances available to meet the working capital requirements. Management monitors rolling forecasts of the group''s liquidity position (comprising the unused cash and bank balances along with liquid investments) on the basis of expected cash flows. This is generally carried out at Company level in accordance with practice and limits set by the group. These limits vary to take into account the liquidity of the market in which the Company operates.

31 Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker.

According to Ind AS 108, identification of operating segments is based on Chief Operating Decision Maker (CODM) approach for making decisions about allocating resources to the segment and assessing its performance. The business activity of the company falls within one business segment viz. “financing activities”. Hence, the disclosure requirement of Ind AS 108 of ‘Segment Reporting’ is not considered applicable.

32 The accounts of certain trade receivables, trade payables, loans and advances and banks are, however, subject to formal confirmations or reconciliations and consequent adjustments, if any. However, there is no indication of dispute on these accounts, other than those mentioned in the financial statements. The management does not expect any material difference affecting the current year’s financial statements on such reconciliation/adjustments. There are no pending litigation having impact on financial position of the company.

35 Additional disclosure requirement as applicable to company as on 31st March 2025 as specified in revised Schedule III of the companies act while preparation and presentation of financial statement is as follows :

i) The company has during the current financial year not undertaken revaluation its property and plant and machinery

ii) There is no proceeding initiated or pending against the company during the year for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

iii) The Company has utilised all the borrowings for the purpose for which they have been borrowed.

iv) The company is not declared wilful defaulter by any bank or financial Institution or any other lenders.

v) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

vi) . During the financial year 2024 2025, company has not done any transaction with companies struck off under section 248 of the Companies Act 2013

vii) The Company has not entered into any scheme of arrangement during the fiancial year 2024-25

1. Investment in sovereign gold bond increased which have low coupon rate hence the ROI have come down.

37 Figures pertaining to Previous Year have been regrouped / reclassified wherever found necessary to conform to Current year presentation.

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Mar 31, 2024

Terms and Conditions for Secured Loan taken from Banks Barclays Bank Plc

- The Bank overdraft of Rs. 3,846.75 Lakhs (Previous Year 4,297.14 Lakh) is secured by way of pledge of tax free bonds and other securities.

- The interest rate on Bank Overdraft of Rs. 3,846.75 Lakhs (Previous Year 4,297.14 Lakh) @ 8.35% (Previous Year @ 8.15%).

Terms and Conditions for Secured Loan taken from Financial institutions Tata Capital Financial Services Limited

- The Term Loan of Rs. 61.73 Lakhs (Previous Year 205 Lakh) is secured by way of pledge of shares held in demat form

- The interest rate on Term Loan of Rs. 61.73 Lakhs (Previous Year 205 Lakh) @ 9.50% (Previous Year @9.50%)

(ii) Terms and rights attached to equity shares

The Company has only one class of equity share having value of Rs 10 each with an entitlement of one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the annual general meeting. In the event of liquidation of the Company, the holder of equity shares willbe entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. The distnTution will be in proportion to the number of equity shares held by the shareholders.

Nature & purpose of other equity and reserves :

(a) Securities premium account :

Securities premium reserve is used to record the premium on issue of financial securities such as equity shares, preference shares, compulsory convertible debentures. The reserve is utilised in accordance with the provision of the Act.

(b) Reserve u/s 45 IC of the Reserve Bank of India Act, 1934:

The Company created a reserve pursuant to section 45 IC the Reserve Bank of India Act, 1934 by transferring amount not less than twenty per cent of its net profit every year as disclosed in the Statement of Profit and Loss and before any dividend is declared.

24 Income tax expense

This note provides an analysis of the Company''s income tax expense, show amounts that are recognised directly in equity and how the tax expense is affected by non-assessable and nondeductible items. It also explains significant estimates made in relation to the Company''s tax positions.

28 Financial risk management

The Company''s activities expose it to business risk, interest rate risk, liquidity risk and credit risk. In order to minimise any adverse effects on the financial perfonnance, the Company''s risk management is carried out by a corporate treasury and corporate finance department under policies approved by the board of directors and top management. Company''s treasury identifies, evaluates and mitigates financial risks in close cooperation with the Company''s operating units. The board provides guidance for overall risk management, as well as policies covering specific areas.

(A) Credit Risk

Credit risk arises from the possibility that the counter party may not be able to settle their obligations as agreed.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis through out each reporting period. To assess wh ether there is a significant increase in credit risk the Company compares the risk of default occurring on asset as at the reporting date with the risk of default as at the date of initial recognition. It considers reasonable and supportive forwarding-looking information such as:

i) Actual or expected significant adverse changes in business,

ii) Actual or expected significant changes in the operating results of the counterparty,

iii) Financial or economic conditions that are expected to cause a significant change to the counterparty''s ability to meet its obligations,

iv) Significant changes in the value of the collateral supporting the obligation or in the quality of the third-party guarantees or credit enhancements.

Financial assets are written off when there is no reasonable expectations of recovery, such as a debtor failing to engage in a repayment plan with the Company. Where loans or receivables have been written off, the Company continues engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognized in profit or loss.

The Company measures the expected credit loss of trade receivables and loan from individual customers based on historical trend, industry practices and the business environment in which the entity operates.Loss rates are based on actual credit loss experience and past trends. Based on the historical data, loss on collection of receivable is not material hence no additional provision considered.

(B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding to meet obligations when due. Due to the dynamic nature of the underlying businesses. Company''s treasury maintains flexibility in funding by maintaining sufficient cash and bank balances available to meet the working capital requirements. Management monitors rolling forecasts of the group''s liquidity position (comprising the unused cash and bank balances along with liquid investments) on the basis of expected cash flows. This is generally carried out at Company level in accordance with practice and limits set by the group. These limits vary to take into account the liquidity of the market in which the Company operates.

29 Capital management (a) Risk management

The Company''s objectives when managing capital are to :

1. safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and benefits for other stakeholders, and

2. Maintain an optimal capital structure to reduce the cost of capital.

In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, reduce debt or sell assets.

31 Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker.

According to Ind AS 108, identification of operating segments is based on Chief Operating Decision Maker (CODM) approach for making decisions about allocating resources to the segment and assessing its performance. The business activity of the company falls within one business segment viz. “financing activities”. Hence, the disclosure requirement of Ind AS 108 of‘Segment Reporting’ is not considered applicable.

32 The accounts of certain trade receivables, trade payables, loans and advances and banks are, however, subject to formal confirmations or reconciliations and consequent adjustments, if any. However, there is no indication of dispute on these accounts, other than those mentioned in the financial statements. The management does not expect any material difference affecting the current year’s financial statements on such reconciliation/adjustments. There are no pending litigation having impact on financial position of the company.

	33	Contingent Liabilities not provided for		(Rs in Lakhs)
		Particulars	Year ended 31st March, 2024	Year ended 31st March, 2023
		Claims against the company not acknowledged as debts - CIT (A)	13.01	49.53
	34	Details of payments to auditors		(Rs in Lakhs)
		Particulars	Year ended 31s t March, 2024	Year ended 31st March, 2023
		Payment to auditors
		As auditor:
		Audit fee	2.25	2.25
		Total payments to auditors	2.25	2.25

35 Additional disclosure requirement as applicable to company as on 31st March 2024 as specified in revised Schedule III of the companies act while preparation and presentation of financial statement is as follows :

i) The company has during the current financial year not undertaken revaluation its property and plant and machinery

ii) There is no benami property held by the company

iii) There is no working capital loan taken by the company

iv) There is no wilful default by company in case of borrowings

v) There is no investment by company in crypto currency or virtual currency

vi) . During the financial year 2023 2024, company has not done any transaction with companies struck off under section 248 of the Companies Act 2013

vii) The Company has not entered into any scheme of arrangement during the fiancial year 2023-24

37 Figures pertaining to Previous Year have been regrouped / reclassified wherever found necessary to conform to Current year presentation.

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Mar 31, 2018

a. Terms/rights attached to equity shares

The Company has only one class of Equity Share having value of Rs. 10 Each with an entitlement of one vote per share.

The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors are subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holder of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

Terms and Conditions for Secured Loan taken from Financial Institiutions Indiabulls Housing Finance Ltd

- The term loan is secured by way of mortgage of property situated at worli which belongs to Naksh Corporate Solutions Pvt Ltd and Brown Trading Pvt Ltd through tri- parties agreement.

- Rate of interest 12.25% p.a.

a) Contingent Liabilities (to the extent not provided for)

b) The Company>s pending litigations comprise of claims against the Company and proceedings pending with tax and other authorities. The Company has reviewed all its pending litigations and proceedings and disclosed the contingent liabilities, wherever applicable in its financial statements. The Company does not reasonably expect the outcome of these proceedings to have a material impact on its financial statements.

1 In the opinion of the Management, Long Term Loans & Advances, Short Term Loans & Advances & Short Term Borrowing would be realizable/payable at least of an amount equal to the amount at which they are stated in the Balance sheet. Further provisions have been made for all known & accrued liabilities.

2 Exposure to real estate sector is Rs.7555.24 Lakhs Includes Kanaka & Associates, Kapila Infrasturcture Limited, Sunteck Realty Ltd, & Eskay Infrastructure & Development Private Limited.

3 The Company has maintained 43.55% as Capital Adequecy Ratio as on 31.03.2018

4 Pursuant to “Non-Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015”, a Systemically Important NBFC is required to disclose the Maturity Pattern in the Balance Sheet. Pursuant to the said provisions the borrowings by the Company from other body Corporates are payable as and when the demand been made by the Body Corporates and the Loans and advances granted during the year are perpetual and are renewed on the timely basis. Hence it is difficult to arrive at the Maturity Pattern by the Company as per the NBFC Directions.

Since the Company operates in single segment (i.e. investments and financing activities), no further disclosure

5 is required to be given as per the notified AS-17 ‘Segmental Reporting’.

6 Micro, Small and Medium Enterprises

The management has initiated the process of identifying enterprises which have provided goods and services to the company and which qualify under the definition of Micro Small and Medium enterprises, as defined under Micro Small and Medium Enterprises Development Act, 2006. Accordingly, the disclosure in respect of the amount payable to such enterprises as at March 31, 2018 is made in the financial statements based on information received and available with the company.

7 Previous year’s figures have been regrouped, rearranged, reclassified to the extent possible.

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Mar 31, 2016

1. Terms/rights attached to equity shares

"The Company has only one class of Equity Share having value of Rs. 10 Each with an entitlement of one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors are subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the Company, the holder of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders. "

- The term loan is secured by way of mortgage of property situated at world which belongs to Naksh Corporate Solutions Pvt Ltd and Brown Trading Pvt Ltd through tri- partite agreement.

- Rate of interest 12.25% p.a.

2. The term loan of Rs 44,65,00,000/- is secured by way of pledge of tax free bonds and other securities.

3. The interest rate on term loans of Rs. 44,65,00,000/- (Previous Year Rs. 44,65,00,000/-) @ 9% p.a. - 12%p.a. (9% p.a. - 12%p.a.)

4. Repayment schedule of secured term loan (refer note below).

5. Related Party Disclosures Name of the Related Parties :

Related parties where control exists, irrespective of whether transaction has occurred or not:

Subsidiary Companies:

6. Can Exports Pvt Ltd Chitta Finlease Pvt Ltd

7. In the opinion of the Management, Long Term Loans & Advances, Short Term Loans & Advances & Short Term Borrowing would be realizable/payable at least of an amount equal to the amount at which they are stated in the Balance sheet. Further provisions have been made for all known & accrued liabilities.

8. The Following additional information is disclosed in terms of RBI Circulars: (From Note No 4 to 7 below)

9. Exposure to real estate sector is 1,85,57,44,277/- Includes Kanaka & Associates, Piramal Sunteck Realty Pvt Ltd, Sunteck Realty Ltd, Starlight Systems (I) LLP, Sahrish Constructions Pvt Ltd, Prime Home Constructions and Developers Pvt Ltd, Satguru Corporate Services Pvt Ltd & Starteck Infraprojects Pvt Ltd

10. The Company has maintained 25.66% as Capital Adequecy Ratio as on 31.03.2016

11. Pursuant to "Non-Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015”, a Systemically Important NBFC is required to disclose the Maturity Pattern in the Balance Sheet. Pursuant to the said provisions the borrowings by the Company from other body Corporate are payable as and when the demand been made by the Body Corporate and the Loans and advances granted during the year are perpetual and are renewed on the timely basis. Hence it is difficult to arrive at the Maturity Pattern by the Company as per the NBFC Directions.

12. Previous year''s figures have been regrouped, rearranged, reclassified to the extent possible.

13. Micro, Small and Medium Enterprises

The management has initiated the process of identifying enterprises which have provided goods and services to the company and which qualify under the definition of Micro Small and Medium enterprises, as defined under Micro Small and Medium Enterprises Development Act, 2006. Accordingly, the disclosure in respect of the amount payable to such enterprises as at March 31, 2016 is made in the financial statements based on information received and available with the company.

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Mar 31, 2015

1. Terms/rights attached to equity shares

The Company has only one class of Equity Share havi ng value of Rs. 10 Each with an entitlement of one vote per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors are subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the Company, the holder of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

2 In the opinion of the Management, Long Term Loans & Advances, Short Term Loans & Advances & Short Term Borrowing would be realizable/payable at least of an amount equal to the amount at which they are stated in the Balance sheet. Further provisions have been made for all known & accrued liabilities.

3 Exposure to real Estate Sector is 225,367,597/- Includes Kanaka & Associates, Piramal Sunteck Realty Pvt Ltd, Sunteck Realty Ltd, Starlight Systems (I) LLP, Prime Home Constructions and Developers Pvt Ltd, Satguru Corporate Services Pvt Ltd & Starteck Infraprojects Pvt Ltd

4 The Company has maintained 63.69% as Capital Adequecy Ratio as on 31.03.2015

5 Pursuant to "Non-Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015", a Systemically Important NBFC is required to disclose the Maturity Pattern in the Balance Sheet. Pursuant to the said provisions the borrowings by the Company from other body Corporates are payable as and when the demand been made by the Body Corporates and the Loans and advances granted during the year are perpetual and are renewed on the timely basis. Hence it is difficult to arrive at the Maturity Pattern by the Company as per the NBFC Directions.

6 Previous year's figures have been regrouped, rearranged, reclassified to the extent possible.

7 Micro, Small and Medium Enterprises

The management has initiated the process of identifying enterprises which have provided goods and services to the company and which qualify under the definition of Micro Small and Medium enterprises, as defined under Micro Small and Medium Enterprises Development Act, 2006. Accordingly, the disclosure in respect of the amount payable to such enterprises as at March 31, 2015 is made in the financial statements based on information received and available with the company.

8 Other information pursuant to provision of paragraph 3, 4A, 4C & 4D of Part II of schedule VI of the Companies Act, 1956 are either Nil or Not Applicable.

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Mar 31, 2014

1. Share capital

Terms/rights attached to equity shares

The Company has only one class of Equity Share having value of Rs. 10 Each with an entitlement of one vote per share.

The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors are subject to the approval of the shareholders in the ensuing Annual General Meeting

In the event of liquidation of the Company, the holder of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. In the opinion of the Management, all Current Assets, Loans & Advances & Current Liabilities would be realizable at least of an amount equal to the amount at which they are stated in the Balance sheet. Further provisions have been made for all known & accrued liabilities.

3. Exposure to real Estate Sector is 337,571,830/- Includes Kanaka & Associates, Piramal Sunteck Realty Pvt. Ltd., Sunteck Realty Ltd., Skystart Buildcon Pvt. Ltd., Starteck Infraprojects Pvt. Ltd.

4. The Company has maintained 63.41% as Capital Adequecy Ratio as on 31.03.2014

5. Pursuant to Non Banking Financial (Non Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, a Systemically Important NBFC is required to disclose the Maturity Pattern in the Balance Sheet. Pursuant to the said provisions the borrowings by the Company from other body Corporates are payable as and when the demand been made by the Body Corporates and the Loans and advances granted during the year are perpetual and are renewed on the timely basis. Hence it is difficult to arrive at the Maturity Pattern by the Company as per the NBFC Directions.

6. Previous year''s figures have been regrouped, rearranged, reclassified to the extent possible.

7. Micro, Small and Medium Enterprises

The management has initiated the process of identifying enterprises which have provided goods and services to the company and which qualify under the definition of Micro Small and Medium enterprises, as defined under Micro Small and Medium Enterprises Development Act, 2006. Accordingly, the disclosure in respect of the amount payable to such enterprises as at March 31, 2014 is made in the financial statements based on information received and available with the company.

8. Other information pursuant to provision of paragraph 3, 4A, 4C & 4D of Part II of schedule VI of the Companies Act, 1956 are either Nil or Not Applicable.

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Mar 31, 2013

1 Exposure to real Estate Sector is 52,76,73,620/- ( includes Kanaka & Associates, Advaith Infraprojects Pvt Ltd)

2 Company has maintained 7.84% as Capital Adequecy Ratio as on 31.03.2013

3 Pursuant to Non Banking Financial (Non Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, a System ically Important NBFC is required to disclose the Maturity Pattern in the Balance Sheet. Pursuant to the said provisions the borrowings by the Company from other body Corporates are payable as and when the demand been made by the Body Corporates and the Loans and advances granted during the year are perpetual and are renewed on the timely basis. Hence it is difficult to arrive at the Maturity Pattern by the Company as per the NBFC Directions.

4 Previous year''s figures have been regrouped, rearranged, reclassified to the extent possible.

5 Micro. Small and Medium Enterprises

The management has initiated the process of identifying enterprises which have provided goods and services to the company and which qualify under the definition of Micro Small and Medium enterprises, as defined under Micro Small and Medium Enterprises Development Act, 2006. Accordingly, the disclosure in respect of the amount payable to such enterprises as at March 31, 2013 is made in the financial statements based on information received and available with the company.

6 Other information pursuant to provision of paragraph 3, 4A, 4C & 4D of Part II of schedule VI of the Companies Act, 1956 are either Nil or Not Applicable.

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Mar 31, 2012

Moiiies received against share warrants

The Company has issued and allotted 10,00,000 Convertible Warrants pursuant to Section 81(l)(a) of the Companies Act, 1956. In accordance of the terms of the issue of the Convertible Warrants, during the year 4,00,000 Warrant Holders exercise the option and pursuant to the same 4,00,000 Equity Shares have been allotted at the Meeting of the Board of Directors held on 13th February 2012.

i) Entities in which KMP/ relatives of KMP have significant influence

- Stmteck Wealthmax Commodities Pvt Ltd

- Stirvteck. Wealthmax Capital Pvt Ltd

ii) Other Related Parties

Eskay Infrastructure Development Pvt Ltd .

1. In the opinion of the Management, all Current Assets, Loans & advances & Current Liabilities would be realizable at least of an amount equal to the amount at which they are stated in the Balance sheet. Further provisions have been made for all known & accrued liabilities.

The Following additional information is disclosed in terms of RBI Circulars: (From Note No 4 to 7 below):

2. Exposure to real Estate Sector is 77,86,07,160/- (includes Piramal Sunteck, Sunteck Realty Ltd, Kanaka & Associates, Eskay Infrastructure Pvt. Ltd.)

3. Company has maintained 11.26% as Capital Adequecy Ratio as on 31.03.2012.

4. Pursuant to Non Banking Financial (Non Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007, a Systemically Important NBFC is required to disclose the Maturity Pattern in the Balance Sheet. Pursuant to the said provisions the borrowings by the Company from other body Corporate are payable as and when the demand been made by the Body Corporate and the Loans and advances granted during the year are perpetual and are renewed on the timely basis. Hence it is difficult to arrive at the Maturity Pattern by the Company as per the NBFC Directions.

5. Previous year's figures have been regrouped, rearranged, reclassified to the extent possible.

6. Micro, Small and Medium Enterprises

The management has initiated the process of identifying enterprises which have provided goods and services to the company and which qualify under the definition of Micro Small and Medium enterprises, as defined under Micro Small and Medium Enterprises Development Act, 2006. Accordingly, the disclosure in respect of the amount payable to such enterprises as at March 31, 2012 is made in the financial statements based on X information received and available with the Company.

7. Other information pursuant to provision of paragraph 3,4A, 4C & 4D of Part II of schedule VI of the Companies Act, 1956 are either Nil or Not Applicable.

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Mar 31, 2010

1) Nature of Business

The Company is Non-banking Financial Company registered with the Reserve Bank of India (RBI) under Section 45-IA of the Reserve Bank of India Act, 1934 and primarily engaged in lending and related activities. The Company received the Certificate of Registration from the RBI on 20th April, 1998, enabling the Company to carry on business as a Non-banking Finance Company.

In accordance with the provisions of Section 45- IC of the RBI Act, 1934, the Company has created a Statutory Reserve Fund and as per the same, the Company has transferred an amount of Rs.112,217 /-to Statutory Reserve Fund, being 20% of the Profit After Tax.

2. Related Party Disclosures A) Related Parties

I) Enterprise holding control

Eskay Infrastructure Development Private Limited

II) Entities having Significant Influence

a) Prosperous Finance Services Limited

b) Tashi India Limited

III) Key Management Personnel

a) Kamal Khetan

b) Kamal Kishore Vyas

c) Anil Agarwal

d) Monal Malji

3) In the opinion of the Management, all Current Assets, Loans & advances & Current Liabilities would be realizable at least of an amount equal to the amount at which they are stated in the Balance sheet. Further provisions have been made for all known & accrued liabilities.

4) Previous years figures have been regrouped, rearranged, reclassified to the extent possible.

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Mar 31, 2009

1. No other information under clause 4-D of Parti I to the Schedule VI has been furnished since the same is not applicable for the year.

2. Segment Reporting: The company operates in a single geographical and business segment (Finance and related activities).

3 Transactions with Related Parties: (As identified by the Management)

i) Related Party Relationships

a) Where control exists None

b) Other Related Parties Prosperous Finance Services Limited,

Tashi India Limited,

NOTES:

I. The parties listed under (b) above a re not "related parties" as per the requirements of Assounting Standard 18. However, as a matter of abundant caution, they are being included for making the Financial Statements more transparent.

4. Figures for previous year have been regrouped and rearranged wherever necessary.