Notes to Accounts of VirtualSoft Systems Ltd.

Mar 31, 2015

1. Terms/Rights attached to equity shares:

The Company has only one class of equity shares having par value of Rupee 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividend in Indian rupees. The dividend (if proposed) by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual general Meeting.

2. Additional information:

(1) Secured loan represent vehicle loans from bank/finance companies which are secured by hypothecation of vehicles of the Company.

(2) UnSecured loan from directors and related parties do not carry any interest, also the maturity is dependent on the funds avaliable with the company.

(3) Loans from Directors includes amount of Rs. 12,56,61,122/-due to Mr. Gokul Tandon, out of this total an amount of Rs. 8,00,00,000 would be converted into Equity Shares on preferential basis.

(4) Details on analysis of borrowings i.e. Maturity profile, Interest rate and Currency of borrowings.

(a) The company in FY 2013-14 has transferred its International SIM card division on going concern basis to Roaml Telecom Ltd. by way of slump sale, pursuant to the above Roam1 Telecom has issued 1,20,00,000 equity shares of Rs. 10/- each fully paid-up at Rs. 56/- premium

3. Exceptional Items

[ Item No. 4(c) ]

Pursuant to the enactment of Companies Act 2013(The Act), the Company has effective revised the useful livesof its fixed assets, in accordance with the provisions of part II of the Act.In case of those assets whose useful life is expired but depreciation charged is less than 95% of the original cost of Asset the difference between depriciation charged till 01/04/2014 and 95% of original cost of the Asset has been passed through profit and loss account.

4. Corporate information

Virtualsoft Systems limited is a listed company and having the presence in USA, U.K. Singapore and India. The vision of the company is to empower business and learning communities with rich "knowledge-on-demand". Company is engaged in: Pioneering Broadband, Virtual Event & Providing Mobile Roaming Services & Solutions.

The Registered Office of the company is:- S-101, Panchsheel Park, New Delhi-110017 and Corporate Office is currently located at C-123, Okhla Phase -I, New Delhi- 110020

5. Basis of accounting and preparation of financial statements

The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles under the historical cost convention on the accrual basis except for certain financial instruments which are measured at fair values .GAAP comprises mandatory accounting standards as prescribed under section 133 of the Companies Act 2013('Act ') read with rule 7 of the Companies (Accounts) Rules, 2014, the provisions of the Act (to the extent notified) and guidelines issued by the Securities and Exchange Board of India(SEBI).Accounting policies have been consistently applied except where a newly issued accouting standard is initially adopted or revision to an existing accounting standard requires a change in the accounting policy hitherto in use.in India (Indian GAAP). The financial statements have been prepared on accrual basis under the historical cost convention.

6.. Disclosures under Accounting Standard 11 on "Effects on Change in Foreign Exchange Rates"

(a) Foreign currency exposure not hedged by any derivative instrument or otherwise is NIL

(b) Outstanding forward contracts entered by the company for the purpose of hedging its foreign currency exposure

The company do not hedge its foreign currency exposure, accordingly it does not have any outstanding forward contracts

7. Disclosures under Accounting Standard 15 on "Employees benefits"

The Company makes Provident Fund and EDLI contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Rs. 25,385/- (Year ended 31 March, 2015) for Provident Fund and EDLI contributions ions in the Statement of Profit and Loss.

Provision for gratuity and leave encashment is made as per Management Policy .

(b) The company has entered into operating lease agreements that are renewable on a periodic basis and cancelable at company's option.

(c) The company has not entered into sublease agreements in respect of these leases.

8. Disclosures under Accounting Standard 18 on "Related Party Transactions"

(a) List of related parties

(i) Subsidiary Company

Roam1 Telecom Limited

(ii) Key Managerial Personnel (KMP)

Mr. Gokul Tandan Mr. Rajendra V Kulkarni

(iii) Enterprises over which KMP / Relatives of KMP can exercise significant influence

V Reach Solutions Private Limited M.R. Capital Private Limited Goto Customer Services Private Limited SME Business Services Private Limited Visnova Solution Private Limited Foundation TechnologiesPrivate Limited Marble Arch Estate(P) Limited

9. Other disclosures as per Companies Act, 1956

Pursuant to section 205C of the Companies Act 1956, dividends that are unpaid / unclaimed for a period of seven years or more from the date they become due for payment are required to be transferred to the Investors Education and Protection Fund (IEPF) administered by the central government. The following unpaid / unclaimed dividends have not been transferred to IEPF A/C.

10. Reconcilation and confirmations

Balances of Debtors and Creditors and Loans and Advances to/from parties, Security Deposits are subject to reconcilations and confirmations.

11. Provision for tax

In view of the carried forward losses, no provision for current tax have been made during the year. Provision for Deferred tax has also not been recognized in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available sufficient future profits against which such deferred tax asset can be adjusted.

12. Intangible assets under development

The company is developing a software called Live Webcast Suite for providing telecom services. No amount has been capitalized during the year. The management is of the opinion that since the process is still going on & hence no amortization is required during this year

13. Previous year's figures

Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

14. Prior period Items

There is no material prior period items included in the statement of profit & loss required to be disclosed as per AS-5, notified by the Companies (Accounting Standard) rules, 2006.

15. Others disclosures

(a) There are no Contingent liabilities as on the date of balancesheet.

(b) As at year end, there was no amount due to any small scale industrial undertaking.

(c) The company has not received any Government Grants during the year.

(d) Figures are rounded off to nearest rupee.

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Mar 31, 2014

Additional information:

(1) Secured loan from Others represent vehicle loans from bank/finance companies which are secured by hypothecation of vehicles of the Company.

(2) Unsecured loan from directors and related parties do not carry any interest, also the maturity is dependent on the funds available with the company.

(3) Loansfrom Directors includes amount of Rs. 12,04,76,071/-dueto Mr. GokulTandon,outofthis total an amount of Rs. 8,00,00,000 would be converted into Equity Shares on preferential basis. Process of such Conversion of that loan into Equity Shares has already been initiated.

Additional information:

(a) The Stock in trade represents the value of ERCV amount and the International Roaming Cards lying idle with the company.

(b) The Management has taken and valued the Closing Stock-in-trade at the lower of cost and net relizable value as per AS-2, and represented that it has been physically vertified at resonable interval.

2. Exceptional Items

[ Item No. 4(c) ]

Pursuant to the Slump Sale agreement executed between Virtualsoft systems Limited and Roaml Telecom Limited ( a subsidiary of Virtualsoft systems Limited) dtd. 27-September-2013 as ratified by the shareholders of Virtualsoft systems Limited on 14th September, 2013, the company has transferred its International Roaming Cards division on going concern basis to Roaml Telecom Limited with effect from the close of business hours of 30th June, 2013. Profit on such sale has been considered as exceptional item.

3. Discontinued operations

Pursuant to the approval granted by the members by way of Postal Ballot on 14th Septemebr, 2013, the International Roaming Card division of the company was sold and transfered as a going concern on a Slump Sale basis to Roaml Telecom Limited ( a new subsidiary of Virtualsoft systems Limited) with effect from the close of business hours of 30th June, 2013, for a consideration of Rupees 8.0 Crores discharged by Roaml Telecom Limited through issue of 1,20,00,000 shares of Rupees 10/- each par value at Rupees 56/- premium plus Rupees 8.0 Lacs as cash consideration. Accordingly, the approved International Roaming Card division has been considered as a discontinued operations under Accounting Standard - 24

4 Corporate information

Virtualsoft Systems limited is a listed company and having the presence in USA, U.K. Singapore and India. The vision of the company is to empower business and learning communities with rich "knowledge-on-demand". Company is engaged in: Pioneering Broadband, Virtual Event & Providing Mobile Roaming Services & Solutions.

The Registered Office of the company is:- S-101, Panchsheel Park, New Delhi-110017 and Corporate Office is currently located at C-123, Okhla Phase -I, New Delhi- 110020

5 Basis of accounting and preparation of financial statements

The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The financial statements have been prepared to comply in all material respects with Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared on accrual basis under the historical cost convention. The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the previous year.

6. Disclosures under Accounting Standard 15 on "Employees benefits"

The Company makes Provident Fund contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Rs. 10,632 (Year ended 31 March, 2014) for Provident Fund contributions ions in the Statement of Profit and Loss.

Provision for gratuity is made as Management Policy and the company has not made any provision for leave encashment during the year

7. Disclosures under Accounting Standard 17 on "Segment Reporting"

The Company has identified business segments as its primary segment and geographic segments as its secondary segment. Business segments are primarily Event Management Services and International Roaming Card Services. Business Segment related to SIM Cards were operational for only 3 Months in Virtual Soft Systems Limited and thereof sold out to Roaml Telecom Limited on slump sale basis. Revenues and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly identifiable to each reportable segment have been allocated on the basis of associated revenues of the segment and manpower efforts. All other expenses which are not attributable or allocable to segments have been disclosed as unallocable expenses. Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities are disclosed as unallocable. Fixed assets that are used interchangeably amongst segments are not allocated to primary and secondary segments. Geographical revenues are allocated based on the location of the customer. Geographically the customer of the company are based in India only.

8. Disclosures under Accounting Standard 18 on "Related Party Transactions"

(a) List of related parties

(i) Key Managerial Personnel (KMP)

Mr. Gokul Tandan

Mr. Manpreet Singh

Mr. Rajendra V Kulkarni

Mr. Reet Mohinder Singh Ahuluwalia

(ii) Enterprises over which KMP / Relatives of KMP can exercise significant influence

Multiple Zone India Private Limited Multiple Zones Services LLP M.R. Capital Private Limited Arms Communication Private Limited Visnova Solutions Private Limited Foundation Technologies Private Limited SME Business Services Private Limited GoTo Customer Services Private Limited V Reach Solutions Private Limited

9. Other disclosures as per Companies Act, 1956

Pursuant to section 205C of the Companies Act 1956, dividends that are unpaid / unclaimed for a period of seven years or more from the date they become due for payment are required to be transferred to the Investors Education and Protection Fund (IEPF) administered by the central government. The following unpaid / unclaimed dividends have not been transferred to IEPF A/C.

10. Reconcilation and confirmations

Balances of Debtors and Creditors and Loans and Advances to/from parties, Security Deposits are subject to reconcilations and confirmations.

11. Provision for tax

In view of the carried forward losses, no provision for current tax have been made during the year. Provision for Deferred tax has also not been recognized in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available sufficient future profits against which such deferred tax asset can be adjusted.

12. Service tax on Reverse Charge Mechanism

As per Section 66A of the Finance Act, 1994 , provides that service tax be charged on the basis of Reverse Charge Mechanism in respect of telecommunication services from territory outside India. However, the management is of the opinion that no Service Tax is applicable in respect of such purchases .Considering the above the Service Tax liability amounts to Rs. 10,74,342/-. However the company has not made any such provision.

13. Intangible assets under development

The company is developing a software called Live Webcast Suite for providing telecom services. The expenses of Rs. 12,90,000/- incurred during the year has been capitalized . The management is of the opinion that since the process is still going on & hence no amortization is required during this year

14. Previous year''s figures

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

15. Prior period Items

There is no material prior period items included in the statement of profit & loss required to be disclosed as per AS-5, notified by the Companies (Accounting Standard) rules, 2006.

16. Others disclosures

(a) There are no Contingent liabilities as on the date of balancesheet.

(b) As at year end, there was no amount due to any small scale industrial undertaking.

(c) The company has not received any Government Grants during the year.

(d) Figures are rounded off to nearest rupee.

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Mar 31, 2013

1 Corporate information

Virtualsoft Systems limited is a listed company (BSE) and having the presence in USA, U.K. Singapore and India. The vision of the company is to empower business and learning communities with rich "knowledge-on-demand". Company is engaged in: Pioneering Broadband, Virtual Event & Providing Mobile Roaming Services & Solutions.

The Registered offce of the company is:- S-101, Panchsheel Park, New Delhi-110017 & Currently operates from B-236 Okhala phase -I New Delhi- 110020

2.1 Capital WIP: The company is developing a software called CRM for providing telecom services. The expenses of Rs. 81,81,310/- incurred during the year has been capitalized . The management is of the opinion that since the process is still going on & hence no amortization is required during this year. During the last quarter company has capitalised Fees & Subscription to CRM amounting to Rs- 22,71,016/- inadvertently, which has been reversed now.

2.2 Discontinuing operations- Disclosure under AS-24 "Discontinuing operations"

On 14th November 2012, the Board of Directors had announced a plan to dispose off Companys''s Roam 1 Division, which is also a different segment as per AS-17, Segment Reporting. The disposal is consistent with the company''s long term strategy to focus its activities in the areas of Telecom business. At 31 March 2013, the carrying amount of assets of Roam 1 Division was Rs. 157.8 lakhs (previous year Rs. 86.89 lakhs) and its liabilities were Rs. 540 lakhs (previous year Rs. 297.44 lakhs). The process of selling the Roam 1 Division is likely to be completed in F.Y. 2013-14.

2.3 Deffered Tax

No Deferred tax asset has been recognized and carried forward in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available suffcient future profts against which such deferred tax asset can be adjusted.

2.4 Contingent Liabilities: There are no Contingent liabilities during the year.

2.5 Balances of Sundry Debtors & Creditors and Loans and Advances appearing as at the year-end are subject to confrmation and reconciliation, if any.

2.6 As at year end, there was no amount due to any small scale industrial undertaking.

2.7 There are no Government grants during the year.

2.8 Previous Year Figures have been reclassifed recasted and regrouped, wherever necessary to conform to the current year''s classifcations.

2.9 Figures are rounded off to nearest rupee.

2.9 1. Unclaimed Dividend

Pursuant to section 205C of the companies act1956, dividends that are unpaid / unclaimed for a period of seven years or more from the date they become due for payment are required to be transferred to the Investors Education and Protection Fund (IEPF) administered by the central government. The following unpaid / unclaimed dividends have not been transferred to IEPF A/C.

1 Employee beneft plans

Defned contribution plans

The Company makes Provident Fund and Superannuation Fund contributions to defned contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specifed percentage of the payroll costs to fund the benefts. The Company recognised Rs. 10,632/- , for the Year ended 31 March, 2013 & Rs. 10,632/-, for the previous year as Provident Fund contributions in the statement of Proft and Loss. The contributions payable to these plans by the Company are at rates specifed in the rules of the schemes.

Defned beneft plans

The Company offers the following employee beneft schemes to its employees:

i. Gratuity

ii. Leave encashment

1 Segment information

The Company has identifed business segments as its primary segment and geographic segments as its secondary segment. Business segments are primarily Virtual Event, Demand Gen. Services, Roaming & Telecom Solutions. Revenues and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly identifable to each reportable segment have been allocated on the basis of associated revenues of the segment and manpower efforts. All other expenses which are not attributable or allocable to segments have been disclosed as unallocable expenses. Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities are disclosed as unallocable. Fixed assets that are used interchangeably amongst segments are not allocated to primary and secondary segments. Geographical revenues are allocated based on the location of the customer. Geographic segments of the Company are India only.

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Mar 31, 2012

1 Corporate information

Virtualsoft Systems limited is a listed company (BSE) and having the presence in USA, U.K. Singapore and India. The vision of the company is to empower business and learning communities with rich "knowledge- on-demand". Company is engaged in: Pioneering Broadband, Virtual Event & Providing Mobile Roaming Services & Solutions.

The Registered office of the company is:- S-101, Panchsheel Park, New Delhi-110017 & Currently operates from B-236 Okhala phase -II New Delhi- 110020

2.1 Capital WIP: The company is developing a software called CRM for providing telecom services. The expenses of Rs. 75,23,589/-incurred during the year has been capitalized . The management is of the opinion that since the process is still going on no amortization is required during this year.

2.2 Deffered Tax

No Deferred tax asset has been recognized and carried forward in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available sufficient future profits against which such deferred tax asset can be adjusted.

2.3 Contingent Liabilities:

There are No Contingent liabilities during the year.

2.4 Balances of Sundry Debtors & Creditors and Loans and Advances appearing as at the year-end are subject to confirmation and reconciliation, if any.

2.5 As at year end, there was no amount due to any small scale industrial undertaking.

2.6 Previous Year Figures have been reclassified and regrouped, wherever necessary to conform to the current year''s classifications.

2.7 Figures are rounded off to nearest rupee.

2.8 14. Unclaimed Dividend

Pursuant to section 205C of the companies act1956, dividends that are unpaid / unclaimed for a period of seven years or more from the date they become due for payment are required to be transferred to the Investors Education and Protection Fund (IEPF) administered by the central government. The following unpaid / unclaimed dividends have not been transferred to IEPF A/C.

3.1 Share application money pending allotment

As at 31 March 2012, the Company has received an amount of Rs. 36,50,000/-towards share application money towards equity Shares of the Company (As at 31 March, 2011 Rs. 32,50,000/- towards equity shares). The Company has sufficient authorised capital to cover the allotment of these shares. Pending allotment of shares, the amounts are maintained in a designated bank account and is not available for use by the Company.

Note 4 Disclosures under Accounting Standard -15

1 Employee benefit plans

Defined contribution plans

The Company makes Provident Fund and Superannuation Fund contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Rs. 10,632/- , for the Year ended 31 March, 2012 & Rs. 44,588/-, for the previous year as Provident Fund contributions in the statement of Profit and Loss. The contributions payable to these plans by the Company are at rates specified in the rules of the schemes

Defined benefit plans

The Company offers the following employee benefit schemes to its employees:

i. Gratuity

ii. Leave encashment

1 Segment information

The Company has identified business segments as its primary segment and geographic segments as its secondary segment. Business segments are primarily Event Management Services and SIM Cards. Revenues and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly identifiable to each reportable segment have been allocated on the basis of associated revenues of the segment and manpower efforts. All other expenses which are not attributable or allocable to segments have been disclosed as unallocable expenses. Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities are disclosed as unallocable. Fixed assets that are used interchangeably amongst segments are not allocated to primary and secondary segments. Geographical revenues are allocated based on the location of the customer. Geographic segments of the Company are India only.

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Mar 31, 2010

01. Contingent Liabilities:

Claims against the Company not acknowledged as debt: Rs. 56,44,113 (Previous Year Rs. 56,44,113/-).

Against this claim, the Company has made counter claims amounting to Rs. 55,07,310 (Previous Year Rs. 55.07,310/-) for its dues.

Income Tax matters under dispute: Nil (Previous year: Rs. 98, 09,297-.).

02. Balances of Sundry Debtors/Creditors and Loans an J Advances appearing as at the year-end are subject to confirmation and reconciliation, if any.

03. Foreign Exchange Transactions.

(i) Transactions denominated in foreign currency are recorded at the exchange rate prevailing on the date of transaction.

(ii) The monetary items denominated in foreign currency are translated at the year end rate of exchange.

(iii) Difference in exchange has been dealt with Profit and Loss account.

04. As at yew end, there was no amount due to any small scale industrial undertaking.

05. Segment Reporting:

The company is engaged in the business of software development /IT related services which is a single segment, as per Accounting standard (AS) 17 issued by the Institute of Chartered Accountant of India. Therefore disclosure requirement of (AS) 17 does not apply.

06. Related Party Disclosure:

(a) Names of related Parties and description thereof:

1. Holding Company Virtual Software & Training Pvt. Ltd.

2. Key Management Personnel 1. Mr. Gokul Tandan

2. Mr. Rajendra V. Kulkarni

3. Mr, Suresh Rajpal

4. Mr.Ashok K Anand,

3. Enterprises under the Common Control 1. M/s. Goto Customers Services Pvt Ud.



or control through one or more intermediaries, 2. CPM India Sales & Marketing Pvt. Ltd.

3. M/s. Foundation Technologies (Pvt.) Ltd.

4. M/s. Digitivate Solutions Pvt-. Ltd.

5. M/s. Vreach Solutions Pvt. Ltd.

6. M R Capital Pvt. Ltd.

7. M/s. Vijay Stampings Pvt. Ltd-

8. M/s. Foundation Technologies (Pvt.) Ltd.

9. Advani Exports Pvt. Ltd.

10. SME Business Services Ltsd.

11. M/s. Vishnova India Pvt. Ltd.

12.M/sPurolatorPvt. Ltd.

13. M/s. Four Soft Pvt. Ltd.



07. (a) Since the company is engaged in the business of software developrhent/IT related services. The production and sale of the same is not capable of being expressed in any generic unit. Hence, other information pursuant to the provision of 3.4C and 4D of Part II of Schedule VI of the Companies Act, 1956 are not applicable to the company.

08. Previous Year Figures have been reclassified and regrouped, wherever necessary to conform to the current years classifications.

09. Figures are rounded off to nearest rupee.

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Mar 31, 2009

01. Contingent Liabilities:

Claims against the Company not acknowledged as debt: Rs. 56,44,113 (Previous Year Rs. 56,44,113/-).

Against this claim, the Company has made counter claims amounting to Rs. 55,07,310 (Previous Year Rs. 55,07,310/-) for its dues.

Income Tax matters under dispute: Rs. 98, 09,297/- (Previous year: Rs. 98, 09,297-).

02. Balances of Sundry Debtors/Creditors and Loans and Advances appearing as at the year-end are subject to confirmation and reconciliation, if any.

03. Foreign Exchange Transactions

(i) Transactions denominated in foreign currency are recorded at the exchange rate prevailing on the date of transaction.

(ii) The monetary items denominated in foreign currency are translated at the year end rate of exchange.

(iii) Difference in exchange has been dealt with Profit and Loss account.

04. As at year end, there was no amount due to any small scale industrial undertaking.

05. Segment Reporting:

The company is engaged in the business of software development/IT related services which is a single segment, as per Accounting standard (AS) 17 issued by the Institute of Chartered Accountant of India. Therefore disclosure requirement of (AS) 17 does not apply.

06. Related Party Disclosure: (a) Names of related Parties and description thereof:

1. Holding Company Virtual Software & Training Pvt. Ltd.

2. Key Management Personnel 1. Mr. Gokul Tandon

2. Mr. Rajendra V. Kulkarni

3. Mr. Suresh Rajpal

4. Mr. Ashok K Anand

3. Enterprises under the Common Control 1. M.R. Capital Pvt. Ltd. or control through one or more intermediaries. 2. Foundation Technologies Pvt. Ltd.

3. Marble Arch Estates Pvt. Ltd.

4. Mountain Valley Springs Pvt. Ltd.

5. Advani Exports Pvt. Ltd.

6. Vijay Stampings Pvt. Ltd.

7. Gotocustomer.com Pvt. Ltd.

8. CPM India Sales & Marketing Pvt. Ltd.

9. Puro Lator Pvt. Ltd.

10. Office Plannet Pvt. Ltd.

11. Technova India Pvt. Ltd.

12. Foursoft Pvt. Ltd.

13. Multiple Zone India Pvt. Ltd.

07. (a) Since the company is engaged in the business of software development/IT related services .The production and sale of the same is not capable of being expressed in any generic unit. Hence, other information pursuant to the provision of 3,4C and 4D of Part II of Schedule VI of the Companies Act, 1956 are not applicable to the company.

08. Previous Year Figures have been reclassified and regrouped, wherever necessary to conform to the current years classifications.

09. Figures are rounded off to nearest rupee.