Notes to Accounts of Zodiac Ventures Ltd.

Mar 31, 2025

1.10 Provisions, Contingent Liabilities and Contingent Assets

A provision is recognized when the company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to
settle the obligation, in respect of which a reliable estimate can be made. If the effect of time value of money is material, provisions are discounted using a
current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage
of time is recognized as a finance cost.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not require an outflow of
resources embodying economic benefits or the amount of such obligation cannot be measured reliably. When there is a possible obligation or a present
obligation in respect of which likelihood of outflow of resources embodying economic benefits is remote, no provision or disclosure is made.

Contingent assets are not recognised in the financial statements, however they are disclosed where the inflow of economic benefits is probable. When the
realisation of income is virtually certain, then the related asset is no longer a contingent asset and is recognised as an asset.

1.11 Earning Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of
equity shares outstanding during the period.

1.12 Dividend

Provision is made for the amount of any dividend declared on or before the end of the reporting period but remaining undistributed at the end of the reporting
period, where the same has been appropriately authorised and is no longer at the discretion of the entity. The Unpaid Dividend for FY 2014-15 amounting to FIs.
1,60,214/- yet to be transferred to Investor''s Grievances Protection Fund Account.

Nature & purpose of other equity and reserves :

a) Securities Premium

This reserve representsthe premium on issue of shares and can be utilized inaccordarvce with the provisions of the Companies Act, 2013.

b) General Reserve

The Company created a General Reserve in earlier years pursuant to the provisions of the Companies Act wherein certain percentage of profits were
required to be transferred to General Reserve before declaring dividends. As per Companies Act 2013, the requirement to transfer profits to General Reserve
is not mandatory. General Reserve is a free reserve available to the Company.

t) Retained Earnings

Retained Earnings represent accumulated earnings transferred to reserves overthe years. Dividend is paid on Equity Shares for FY 2023-24 in FY 2 024-2 5

2.31 Financial Risk Management

The Company''s business activities are exposed to a variety of financial risks, namely liquidity risk, market risks and credit risk. The
Company''s senior management has the overall responsibility for establishing and governing the Company''s risk management framework.
The Company has constituted a core Management Committee, which is responsible for developing and monitoring the Company''s risk
management policies. The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to
set and monitor appropriate risk limits and controls, periodically review the changes in market conditions and reflect the changes in the
policy accordingly. The key risks and mitigating actions are also placed before the Audit Committee of the Company.

A Liquidity Risk

Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities.The Company''s approach
in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses.

The Company maintained a cautious liquidity strategy, with a positive cash balance throughout the year ended 31st March, 2024 and 31st
March, 2023. Cash flow from operating activities provides the funds to service the financial liabilities on a day-to-day basis. The Company
regularly monitors the rolling forecasts to ensure it has sufficient cash on an on-going basis to meet operational needs. Any shortterm
surplus cash generated, over and above the amount required for working capital management and other operational requirements, is
retained as cash and cash equivalents (to the extent required) and any excess is invested in interest bearing term deposits and other highly
marketable debt investments with appropriate maturities to optimise the cash returns on investments while ensuring sufficient liquidity to

B Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices.
Market risk comprises three types of risk; interest rate risk, currency risk and other price risk. Financial instruments affected by market risk
include loans and borrowings and deposits.

i) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. This risk exist mainly on account of borrowings of the Company. However, all these borrowings are at fixed interest rate and
hence the exposure to change in interest rate is insignificant.

ii) Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange
rates. The Company is not exposed to significant foreign currency risk as at the respective reporting dates.

C Credit Risk

Credit risk is the risk that counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial
loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and other financial assets.

i) Trade Receivables

Customer credit risk is managed by each business unit subject to the Company''s established policy, procedures and control relating to
customer credit risk management. An impairment analysis is performed at each reporting date on an individual basis for major trade
receivables.

ii) Other Financial Assets

Credit risk from balances with banks and financial institutions is managed by the Company in accordance with the Company''s policy.

D Excessive risk concentration

Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the same geographical
region, or have economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in
economic, political or other conditions. Concentrations indicate the relative sensitivity of the Company''s performance to developments
affecting a particular industry.

In order to avoid excessive concentrations of risk, the Company''s policies and procedures include specific guidelines to focus on the
maintenance of a diversified portfolio. Identified concentrations of credit risks are controlled and managed accordingly.

2.32 Segment Reporting

The company operates in a single line of business i. e. Real Estate Project Advisory and Development and construction of Real Estate Projects
and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Ind
As 108 "Segment Reporting".

For Pravin Chandak & Associates For Zodiac Ventures Limited

Chartered Accountants

Sd/- Sd/- Sd/-

CA. Pravin Chandak limit R. Shah Sunita Shah

Patner (Managing Director) (Director)

Membership No.: 049391 (DIN-01580796) (DIN-03099290)

Firm Reg. No.: 116627W

Sd/- Sd/-

Place:- Mumbai VipulKhona Rustom Aspi Deboo

Date:- 30-May-2025_(CFO)_(Company Secretary)_

---

Mar 31, 2024

1.10 Provisions, Contingent Liabilities and Contingent Assets

A provision is recognized when the company has a present obligation as a result of past event and it is probable that an outflow of resources will he required to settle the obligation, in respect of which a reliable estimate can be made. If the effect of time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not require an outflow of resources embodying economic benefits or the amount of such obligation cannot be measured reliably, When there is a possible obligation or a present obligation in respect of which likelihood of outflow of resources embodying economic benefits is remote, no provision or disclosure is made.

Contingent assets are not recognised in the financial statements, however they are disclosed where the inflow of economic benefits is probable. When the realisation of income is virtually certain, then the related asset is no longer a contingent asset and is recognised as an asset.

1.11 Earning Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period,

1.12 Dividend

Provision is made for the amount of any dividend declared on or before the end of the reporting period but remaining undistributed atthe end of the reporting period, where the same has been appropriately authorised and is no longer atthe discretion of the entity. The Unpaid Dividend for FY 2014-15 amounting to Rs. 1,60,214/-yet to be transferred to Investor''s Grievances Protection Fund Account.

2.24 Financial Risk Management

The Company''s business activities are exposed to a variety of financial risks, namely liquidity risk, market risks and credit risk. The Company''s senior management has the overall responsibility for establishing and governing the Company''s risk management framework. The Company has constituted a core Management Committee, which is responsible for developing and monitoring the Company''s risk management policies. The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set and monitor appropriate risk limits and controls, periodically review the changes in market conditions and reflect the changes in the policy accordingly. The key risks and mitigating actions are also placed before the Audit Committee of the Company.

A Liquidity Risk

liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities.The Company''s approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses.

The Company maintained a cautious liquidity strategy, with a positive cash balance throughout the year ended 31st March, 2023 and 31st March, 2022. Cash flow from operating activities provides the funds to service the financial liabilities on a day-to-day basis. The Company regularly monitors the rolling forecasts to ensure it has sufficient cash on an on-going basis to meet operational needs. Any shortterm surplus cash generated, over and above the amount required for working capital management and other operational requirements, is retained as cash and cash equivalents (to the extent required) and any excess is invested in interest bearing term deposits and other highly marketable debt investments with appropriate maturities to optimise the cash returns on investments while ensuring sufficient liquidity to meet its liabilities.

S Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk. Financial instruments affected by market risk include loans and borrowings and deposits.

i) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. This risk exist mainly on account of borrowings of the Company. However, all these borrowings are at fixed interest rate and hence the exposure to change in interest rate is insignificant.

ii) Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company is not exposed to significant foreign currency risk as at the respective reporting dates.

C Credit Risk

Credit risk is the risk that counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and other financial assets.

i) Trade Receivables

Customer credit risk is managed by each business unit subject to the Company''s established policy, procedures and control relating to customer credit risk management. An impairment analysis is performed at each reporting date on an individual basis for major trade receivables.

ii) Other Financial Assets

Credit risk from balances with banks and financial institutions is managed by the Company in accordance with the Company''s policy.

0 Excessive risk concentration

Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the same geographical region, or have economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic, political or other conditions. Concentrations indicate the relative sensitivity of the Company''s performance to developments affecting a particular industry.

In order to avoid excessive concentrations of risk, the Company''s policies and procedures include specific guidelines to focus on the maintenance of a diversified portfolio. Identified concentrations of credit risks are controlled and managed accordingly.

2.25 Segment Reporting

The company operates in a single line of business i. e. Rea! Estate Project Advisory and Development and construction of Real Estate Projects and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Ind As 108 "Segment Reporting”.

Income Tax Demand of Rs. 19,29,638/-for assessment year 2016-17. The matter is pending before the Commissioner Of Income Tax (Appeals).

Income Tax Demand of Rs. 5,56,271/-for assessment year 2017-18. The matter is pending before the Commissioner Of Income Tax (Appeals).

Income Tax Demand of Rs. 18,563/- for assessment year 2018-19. The matter is pending before the Commissioner Of Income Tax (Appeals).

GST Payable for the FY 2023-24 Rs. 9,97,040/-Profession Tax Payable for FY 2023-24 Rs. 26,900/-TDS Payable for the FY 2023-24 Rs. 7,36,800/-

For Navin Nishar & Associates For Zodiac Ventures Limited

Chartered Accountants

Sd/- Sd/-

Sd/- Jimit R, Shah Ramesh V, Shah

CA. Navin K. Nishar (Managing Director) (Director)

Proprietor (DIN-01580796) (DIN-01580767)

Membership No. : 101443

Firm Reg. No.: 116503W Sd/- Sd/-

Place:- Mumbai Vipul Khona Rustom Aspi Deboo

Date: 17.05.2024 (CFO) (Company Secretary)

---

Mar 31, 2023

1.10 Provisions. Contingent Liabilities and Contingent Assets

A provision is recognized when the company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle Ihe obligation, in respect of which a reliable estimate can be made If Ihe effect of bme value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not require an outflow of resources embodying economic benefits or the amount of such obligation cannot be measured reliably When there is a possible obligation or a present obligation in respect of which likelihood of outflow of resources embodying economic benefits is remote, no provision or disclosure is made

Contingent assets are not recognised in the financial statements, however they are disclosed where the inflow of economic benefits is probable When Ihe realisation of income is virtually certain, then the related asset is no longer a contingent asset and is recognised as an asset.

1.11 Earning Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period

1 12 Dividend

Provision is made for the amount of any dividend declared on or before the end of the reporting period but remaining undistributed at the end of the reporting period, where the same has been appropriately authorised and is no longer at the discretion of the entity. The Unpaid Dividend for FY 2014-15 amounting to Rs 1,60,214/ yel to be transferred to Investor''s Gnevances Protection Fund Account

Nature & purpose of other equity and reserves :

a) Securities Premium

This reserve represents the premium on issue of shares and can be utilized in accordance with the provisions of the Companies Act, 2013

b) General Reserve

The Company created a General Reserve in earlier years pursuant to the provisions of the Companies Act wherein certain percentage of profits were required to be transferred to General Reserve before declaring dividends As per Companies Act 2013, the requirement to transfer profits

to General Reserve is not mandatory General Reserve is a free reserve available to the Company

c) Retained Earnings

2.24 Financial Risk Management

The Company''s business activities are exposed to a variety of financial risks, namely liquidity nsk, market risks and credit risk The Companys senior management has the overall responsibility for establishing and governing the Company''s risk management framework. The Company has constituted a core Management Committee, which is responsible for developing and monitoring the Company s risk management policies. The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set and monitor appropriate risk limits and controls, periodically review the changes in market conditions and reflect the changes in the policy accordingly. The key risks and mitigating actions are also placed before the Audit Committee of the Company

A Liquidity Risk

Liquidity nsk is the nsk that the Company will face in meeting its obligations associated with its financial liabilites.The Company''s approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses.

The Company maintained a cautious liquidity strategy with a positive cash balance throughout the year ended 31st March, 2023 and 31st March 2022 Cash flow from operating activities provides the funds to service the financial liabilities on a day-to-day basis. The Company regularly monitors the rolling forecasts to ensure it has sufficient cash on an on-going basis to meet operational needs. Any shortterm surplus cash generated, over and above the amount required for working capital management and other operational requirements, is retained as cash and cash equivalents (to the extent required) and any excess is invested in interest bearing term deposits and other highly marketable debt investments with appropriate maturities to optimise the cash returns on investments while ensuring sufficient liquidity to meet its liabilities.

B Market Risk

Market risk is the nsk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk Financial instruments affected by market risk include loans and borrowings and deposits

i) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. This nsk exist mainly on account of borrowings of the Company. However, all these borrowings are at fixed interest rate and hence the exposure to change in interest rate is insignificant

ii) Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company is not exposed to significant foreign currency risk as at the respective reporting dates

C Credit Risk

Credit risk is the risk that counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and other financial assets.

i) Trade Receivables

Customer credit risk is managed by each business unit subject to the Company''s established policy, procedures and control relatng to customer credit risk management. An impairment analysis is performed at each reporting date on an individual basis for major trade receivables.

ii) Other Financial Assets

Credit risk from balances with banks and financial institutions is managed by itie Company in accordance with the Company''s policy

D Excessive risk concentration

Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the same geographical region, or have economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic, political or other conditions Concentrations indicate the relative sensitivity of the Company''s performance to developments affecting a particular industry

In order to avoid excessive concentrations of risk, the Company s policies and procedures include specific guidelines to focus on the maintenance of a diversified portfolio. Identified concentrations of credit risks are controlled and managed accordingly.

2.25 Segment Reporting

The company operates in a single line of business i e Real Estate Project Advisory and Development and construction of Real Estate Projects and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Ind As 108 "Segment Reporting".

x neiateq rarry uisciosures

a) List of Related Parties where control exists and Related Parties with whom transactions have taken place and Relationships:*

I. Subsidiary Company l:

Zodiac Developers Pnvate Limited (As on 31/03/2023, it is no more a subsidiary, but having Controlling Interest) ii. Key Management Personnel (KMP)

Ramesh V. Shah (Chairman)

Jimit Ramesh Shah (Managing Director)

Vipul Khona (Chief Financial Officer)

Rustom Aspi Deboo (CompanySecretary)

For Navin Nishar & Associates For Zodiac Ventures Limited

Chartered Accountants

Sd/- Sd/-

Sd/- Jimit R. Shah SunitaJ.Shah

CA. Navin K. Nishar (Managing Director) (Director)

Proprietor (DIN-01580796) (DIN *03099290)

Membership No.: 101443

Firm Reg. No.: 116503W Sd/- Sd/-

Place-Mumbai Vipul Khona Rustom Aspi Deboo

Date: 20/05/2023_(CFO)_(Company Secretary)_

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Mar 31, 2018

NOTE 2:- NOTES ON ACCOUNTS

2.01 Investments
Particulars	31.03.18	31.03.17	01.04.16
Investments measured at Cost In Equity Shares of Subsidiary Company	-
Unquoted, fully paid up 6,24,00,000 (P.Y. 6,24,00,000) Equity Shares of Zodiac Developers Private Limited of Rs. 1/- each fully paid up.	15,60,00,000	15,60,00,000	15,60,00,000
Total	15,60,00,000	15,60,00,000	15,60,00,000

2.02 Loans
Particulars	31.03.18	31.03.17	01.04.16
Unsecured, Considered Good :-
Security Deposit:-	-
Rental Deposits	6,39,000	6,39,000	6,39,000
Total	6,39,000	6,39,000	6,39,000

2.03 Trade Receivable
Particulars	31.03.18	31.03.17	01.04.16
Unsecured, Considered Good :-
Over Six Months	-	-	-
Others	1,08,000	21,00,000	-
Total	1,08,000	21,00,000	-

2.04 Cash And Bank Balances
Particulars	31.03.18	31.03.17	01.04.16
(i) Cash and Cash Equivalents
Balances with Banks	69,992	93,086	20,844
Cash-on-Hand	2,10,304	1,60,304	1,59,446
	2,80,296	2,53,390	1,80,290
(ii) Other Bank Balances
Unclaimed Dividend Account	2,27,083	2,06,070	2,05,898
	2,27,083	2,06,070	2,05,898
Total	5,07,379	4,59,460	3,86,188

2.05 Current Tax Assets
Particulars	31.03.18	31.03.17	01.04.16
Income Tax Refund (Net of Tax)	19,13,050	10,87,100	9,90,980
IDS on advance received from customers	1,50,000	-	9,00,000
Total	20,63,050	10,87,100	18,90,980

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Mar 31, 2015

1. Segment Reporting

The company operates in a single line of business i. e. Real Estate and Real Estate Development and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Accounting Standard 17 "Segment Reporting".

2. Related Party Disclosures

a) List of Related Parties where control exists and Related Parties with whom transactions have taken place and Relationships:-

i. Subsidiary Company:-

Zodiac Developers Private Limited

ii. Key Management Personnel (KMP):-

Ramesh V. Shah (Chairman) Jimit Ramesh Shah (Managing Director) Vipul Khona (Chief Financial Officer) Avinash Agarwal (Company Secretary)

Mi. Relative of Key Management Personnel (Relative of KMP):-

Sunita J Shah

The Company does not have any pending litigations at the end of the year, which would have any negative impact on its financial position.

3. Disclosures required U/s 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There are no dues outstanding to Micro and Small Enterprises.

4. Proposed Scheme of Amalgamation

The Board of Directors of the Company approved the Proposed Scheme of Amalgamation of Zodiac Ventures Limited with Zodiac Developers Private Limited, pursuant to Sections 391 to 394 of the Companies Act, 1956 read with Section 52 of the Companies Act, 2013 and Sections 100 to 103 of the Companies Act, 1956 and other applicable provisions of the Companies Act, 1956 in its meeting dated 26th March, 2015. Application has been made to Bombay Stock Exchange under Clause 24(f) of the Listing Agreement and is pending for approval from SEBI.

5. Previous Year Figures

Previous year's figures have been re-grouped and / or reclassified wherever necessary to made comparable with current year.

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Mar 31, 2013

1.1 Segment Reporting

The company operates in a single line of business i. e. Real Estate and Real Estate Development and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Accounting Standard 17 "Segment Reporting".

1.2 Related Party Disclosures

a) List of Related Parties where control exists and Related Parties with whom transactions have taken place and Relationships:-

i. Subsidiary Company:-

Zodiac Developers Private Limited

ii. Key Management Personnel (KMP):-

Ramesh V Shah

Jimit Ramesh Shah

iii. Relative of Key Management Personnel (Relative of KMP):-

Pushpa R. Shah

Sunita J Shah

YeshaRShah

1.3 Contingent Liabilities And Commitments (to the Extent Not Provided For)

Particulars 31.03.13 31.03.12 Commitments:

Uncalled Liability on shares Partly 4,42,00,000 13,52,00,000 paid of Subsidiary Company (Zodiac Developers Private Limited)

Total 4,42,00,000 13,52,00,000

1.4 Disclosures required U/s 22 of the Micro, Small and Medium Enterprises Development Act,

There are no dues outstanding to Micro and Small Enterprises.

1.5 Previous Year Figures

Previous year''s figures have been re-grouped and / or reclassified wherever necessary to made comparable with current year.

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Mar 31, 2012

The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/-. Each holder of equity shares is entitled to 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 ensuing Annual General Meeting.

During the year ended 31 March 2012, the amount of per share dividend recognized as distributions to equity shareholders was Rs. 1.30 (31 March 2011 Rs. 1.20)

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after attribution 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.

1.1 Segment Reporting

The company operates in a single line of business i. e. Real Estate and Real Estate Development and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Accounting Standard 17 "Segment Reporting".

1.2 Related Party Disclosures

a) List of Related Parties & Relationship:-

i. Subsidiary Company:-

Zodiac Developers Private Limited

ii. Associate/Enterprises where control/significant influence exists :-

Zodiac Developers Private Limited

Money Master Leasing & Finance Private Limited

iii. Key Management Personnel (KMP):-

Ramesh V Shah Jimit Ramesh Shah Hozef Darukhanwala

1.3 Contingent Liabilities And Commitments (to the Extent Not Provided For)

Particulars 31.03.12 31.03.11

Commitments :

Uncalled Liability on Shares Partly Paid of Subsidiary Company (Zodiac 13,52,00,000 13,52,00,000 Developers Private Limited)

Total 13,52,00,000 13,52,00,000

1.4 Disclosures required U/s 22 of the Micro, Small and Medium Enterprises Development Act, 2006

There are no dues outstanding to Micro and Small Enterprises.

1.5 Previous Year Figures

The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous yearRs.s figures have been regrouped / reclassified wherever necessary to correspond with the current yearRs.s classification / disclosure.

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Mar 31, 2011

1 Segment Reporting

The company operates in a single line of business i.e. Real Estate and Real Estate Development and also in a single geographic environment within India, Hence there is no reportable segment information with respect to provision of Accounting Standard 17 "Segment Reporting"

2 Contingent Liability and Event Occurring After Balance Sheet Date Uncalled Premium on Shares of Zodiac Developers amounting to Rs.13,52,00,000/-

The management of the company does not anticipate any contingent liability having material effect on financial statements at the yearend other than stated above

To the best of knowledge of the management, there are no events occurring after Balance Sheet date that provides additional information materially affecting the determination of the amounts relating to conditions existing at the balance sheet date that requires adjustment to the assets and liabilities.

3 Current Assets/Current Liabilities

In the opinion of the Directors of the Company the Current Assets and loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which items are stated in the Balance Sheet.

Loans and advances and Creditors are subject to confirmation from parties and necessary adjustment if any to be made on receipt of such confirmation.

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Mar 31, 2010

1. Earning Per Shares (EPS) has been calculated on the basis of the net profit earned after considering the current tax payable for the year.

2. The company is not an Investment Company as defined under the Reserve Bank of India Act. 1934. It has not accepted any deposit from the public. The company has made an application for exemption from it being registered with the Reserve Bank of India as Non Banking Financial Company and the same is pending.

3. Previous years figures have been re-grouped and reclassified wherever necessary for comparative presentation.

II. Additional information pursuant to provisions of Part 1 and paras 3.40, 40 of Part II of schedule VI to the Companies Act. 1956 are not applicable.