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Notes to Accounts of Typhoon Financial Services Ltd.

Mar 31, 2014

1. Terms/rights attached to equity shares

The company has only one class of shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential allotments. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. Segment Information

As the company's business activity falls within a single primary business segment the disclosure requirement of AS 17 (Segment Reporting) issued by the Institute of Chartered Accountants of India is not applicable

Key Management Personnel

Ashok Ratanchand Chhajer

Sushma Chhajer

Kashyap Rajendrabhai Mehta

Enterprises owned or significantly influenced by Key Management Personnel

Gujarat Craft Industries Ltd.

Woodland Consultancy Service Pvt. Ltd.

Related Party Transactions

The following table provides the total amount of transactions that have been entered into with related parties for the relevant financial year :

3. Particulars as per RBI Notification

Particulars as required to be furnished by a non-deposit taking Non-Banking Financial Companies as required in terms of para 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007) vide notification no. DNBS. 192 / DG (VL)-2007 dated February 22, 2007, issued by the RBI is given in Annexure – I attached hereto.

4. Previous Year Figures

The company has reclassified previous year figures to conform to this year's classification.