Notes to Accounts of Avance Technologies Ltd.

Mar 31, 2025

(k) Provisions, Contingent liabilities, Contingent assets and Commitments:

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event,
it is probable that an outflow of resources embodying economic benefits will be required to settlethe obligation and a
reliable estimate can be made of the amount of the obligation. The expense relating to a provision is presented in the
statement of profit and loss.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate thatreflects,
when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the
passage of time is recognised as a finance cost.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

A contingent liability is a possible obligation that arises from past events and whose existence will be confirmed only
by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company;
or a present obligation that arises from past events but is not recognised becauseit is not probable that an outflow of
resources embodying economic benefits will be required to settle the obligation; or the amount of the obligation
cannot be measured with sufficient reliability.

A contingent asset is disclosed, where an inflow of economic benefits is probable.

(l) Earnings per share:

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

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable toequity
shareholders and the weighted average number of shares outstanding during the period are adjustedfor the effects of
all dilutive potential equity shares.

(m) Segment reporting:

The Company has only one segment of activity of dealing in IT products during the period; Hence, segment wise
reporting as defined in Indian Accounting Standard-108 is not applicable.

(n) Inventory:

Inventories are valued at cost or net realizable value whichever is lower, computed on a FIFO basis, after providing for
cost of obsolescence and other anticipate losses, wherever considered necessary. Finished goods include costs of
conversion and other costs incurred in bringing the inventories to their present location and condition as certified by
the management.

(o) Retirement and other employee benefits:

Employee benefits include provident fund and compensated absences.

Defined contribution plans:

Contributions payable to recognized provident funds, which are defined contribution schemes, are charged to the
standalone statement of profit and loss.

Short-term employee benefits:

Short-term employee benefits expected to be paid in exchange for the services rendered by employees are recognised
during the year when the employees render the service. Compensated absences, which are expected to be utilised
within the next 12 months, are treated as short-term employee benefits. The Companymeasures the expected cost of
such absences as the additional amount that it expects to pay as a result of theunused entitlement that has accumulated
at the reporting date.

(p) Cash and cash equivalents:

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short-term depositswith an
original maturity of three months or less, which are subject to an insignificant risk of changes in value are unrestricted
for withdrawal and usage.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as
defined above, net of outstanding bank overdrafts as they are considered an integral part of the Company''s cash
management.

(q) Trade Receivable:

Trade receivables are recognized at fair value, the outstanding balances of sundry debtors, advances etc. are verified by the
management periodically and on the basis of such verification management determines whether the said outstanding
balance are good, bad or doubtful and accordingly same are written off or provided for.

Receivables that are expected in one year or less, are classified as current assets, if not they are presented as non-current
assets.

(r) Cash Flow Statement:

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions
of a non-cash nature any deferrals or accruals of past or future operating cash receipts or payments and item of income or
expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities
of the Company are segregated.

For the purpose of presentation in the Statement of Cash Flows, cash and cash equivalents includes cash in hand and Balances
with Banks.

Fair value hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or
liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable
inputs).

(*) The fair value of these investments in equity shares are calculated based on discounted cash flow
approach for un-quoted market instruments which are classified as level III fair value hierarchy.

(^A) The carrying values of these accounts are considered to be the same as their fair value, due to their
short term nature. Accordingly, these are classified as level 3 of fair value hierarchy.

31 Financial risk management

The Company has exposure to following risks arising from
financial instruments¬
- credit risk

- market risk

- liquidity risk

(a) Risk management framework

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk
management framework. The Company''s risk management policies are established to identify and analyze the risks faced
by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management
policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities.

^(b) Credit risk

Credit risk is the risk that counter party will not meet its obligations under a financial instruments or customer contract
leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables)
from its financing activities including deposits with banks and investment in quoted and un-quoted equity instruments.

i) Trade and other receivables:

Credit risk is managed by each business unit subject to the Company''s established policy, procedures and control relating
to customer credit risk management. Outstanding customer receivables are regularly monitored.

The impairment analysis is performed at each reporting date on an individual basis for major customers. In addition, a
large number of minor receivables are grouped into homogeneous groups and assessed for impairment collectively. The
maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets. The Company
does not hold collateral as security.

Expected credit loss (ECL) assessment for corporate customers

The Company allocates each exposure to a credit risk grade based on a variety of data that is determined to be predictive
of the risk of loss (including but not limited to past payment history, security by way of deposits, external ratings, audited
financial statements, management accounts and cash flow projections and available press information about customers)
and applying experienced credit judgement.

ii) Other financial assets and deposits with
banks:

Credit risk on cash and cash equivalent is limited as (including bank balances, fixed deposits and margin money with banks)
the Company generally transacts with banks with high credit ratings assigned by international and domestic credit rating
agencies.

(c) Market Risk
Equity price risk

The Company is exposed to equity price risk from investments in equity securities measured at fair value through profit
and loss. The Management monitors the proportion of equity securities in its investment portfolio based on market indices
and based on company performance for un-equity instruments. Material investments within the portfolio are managed
on an individual basis and all buy and sell decisions are approved by the Board of Directors. Further, major investments in
un-quoted equity instruments are strategic in nature and hence invested for long-term purpose.

Interest rate risk

Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in
market

interest rates. The Company''s exposure to the risk of changes in market interest rates relates primarily to its short
term borrowings in nature of working capital loans, which carry floating interest rates. Accordingly, the Company''s
risk of changes in interest rates relates primarily to the Company''s debt obligations with floating interest rates.

The following table demonstrates the sensitivity to a reasonably possible change in interest rates, with all other
variables held constant. The impact on entity''s loss before tax due to change in the interest rate/ fair value of
financial liabilities are as disclosed below:

(d) Liquidity Risk

Liquidity is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial
liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing the
liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due,
under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the
Company''s reputation.

The Company''s principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from
operations. The Company believes that the cash and cash equivalents is sufficient to meet its current requirements.
Accordingly no liquidity risk is perceived.

Exposure to liquidity risk

The table below details the Company''s remaining contractual maturity for its non-derivative financial liabilities. The
contractual cash flows reflect the undiscounted cash flows of financial liabilities based on the earliest date on which
the Company can be required to pay.

Capital management

The Company''s objective is to maintain a strong capital base to ensure sustained growth in business and to
maximize the shareholders value. The Capital Management focuses to maintain an optimal structure that balances
32 growth and maximizes shareholder value.

The Company''s adjusted net debt to equity ratio is analyzed as follows:

Capital management

For the purpose of the Company''s capital management, capital includes issued equity capital, share
premium and all other equity reserves attributable to the equity holders of the Company. The primary
objective of the Company''s capital management is to maximize the shareholder value. The following table
summarizes the capital of the Company.

Contingent liabilities and commitments

There are no contingent liabilities and commitments.

Prior year comparatives

The figures of the previous year have been regrouped/reclassified, where necessary, to conform with the
current year''s classification.

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Mar 31, 2024

Particulars	As at 31 March 2024	As at 31 March 2023
Contingent liabilities
Income tax demand & disputes pending before appellate authorities (refer note below)	0.00	0.00

Fair value hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

(*) The fair value of these investments in equity shares are calculated based on discounted cash flow approach for unquoted market instruments which are classified as level III fair value hierarchy.

(^A) The carrying values of these accounts are considered to be the same as their fair value, due to their short term nature. Accordingly, these are classified as level 3 of fair value hierarchy.

The Company has exposure to following risks arising from financial instruments- credit risk

- market risk

- liquidity risk

(^a) Risk management framework

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. The Company''s risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities.

^(b) Credit risk

Credit risk is the risk that counter party will not meet its obligations under a financial instruments or customer contract leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) from its financing activities including deposits with banks and i nvestment in quoted and un-quoted equity instrume nts.

i) Trade and other receivables:

Credit risk is managed by each business unit subject to the Company’s established policy, procedures and control relating to customer credit risk management. Outstanding customer receivables are regularly monitored.

The impairment analysis is performed at each reporting date on an individual basis for major customers. In addition, a large number of minor receivables are grouped into homogeneous groups and assessed for impairment collectively. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets. The Company does not hold collateral as security.

Expected credit loss (ECL) assessment for corporate customers

The Company allocates each exposure to a credit risk grade based on a variety of data that is determined to be predictive of the risk of loss (including but not limited to past payment history, security by way of deposits, external ratings, audited financial statements, management accounts and cash flow projections and available press information about customers) and applying experienced credit judgement.

ii) Other financial assets and deposits with banks:

Credit risk on cash and cash equivalent is limited as (including bank balances, fixed deposits and margin money with banks) the Company generally transacts with banks with high credit ratings assigned by international and domestic credit rating agencies.

(c) Market Risk Equity price risk

The Company is exposed to equity price risk from investments in equity securities measured at fair value through profit

and loss. The Management monitors the proportion of equity securities in its investment portfolio based on market indices and based on company performance for un-equity instruments. Material investments within the portfolio are managed on an individual basis and all buy and sell decisions are approved by the Board of Directors. Further, major investments in un-quoted equity instruments are strategic in nature and hence invested for long-term purpose.

Interest rate risk

Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market

interest rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to its short term borrowings in nature of working capital loans, which carry floating interest rates. Accordingly, the Company’s risk of changes in interest rates relates primarily to the Company’s debt obligations with floating interest rates.

The following table demonstrates the sensitivity to a reasonably possible change in interest rates, with all other variables held constant. The impact on entity’s loss before tax due to change in the interest rate/ fair value of financial liabilities are as disclosed below:

(d) Liquidity Risk

Liquidity is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing the liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

The Company’s principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from operations. The Company believes that the cash and cash equivalents is sufficient to meet its current requirements. Accordingly no liquidity risk is perceived.

The Company’s objective is to maintain a strong capital base to ensure sustained growth in business and to maximize the shareholders value. The Capital Management focuses to maintain an optimal structure that balances growth and maximizes shareholder value.

32 The company has availed the facility from M/s IL & FS Financial Services Ltd during F.Y. 2017-2018 and the same was advanced to M/s MP Border Checkpost Development Company Limited (a subsidiary of IL & FS Transportation Networks Limited) vide agreement dated 28/03/2018. In June 2018, the problems in IL & FS Group surfaced as a result MP Border Checkpost Development Company Limited was unable to service its obligations. In light of the above developments the complete transaction was restructured as under:

The obligation of MP Border Checkpost Development Company Limited was taken over IL & FS Transportation Networks Limited vide assignment deed dated 07.09.2018 which was further transferred to Srinagar Sonamarg Tunnelway Limited (a subsidiary of IL & FS Transportation Limited) vide assignment deed dated 22/09/2018.

The insolvency proceedings have been initiated against the IL & FS group. Pursuant to the Order passed by Hon’ble National Company Law Tribunal the IL & FS Group are under moratorium. The claim by IL & FS Financial Services Limited is being contested by the Company before Hon’ble National Company Law Tribunal.

As the claim of IL & FS Financial Services Limited and the company’s claim against Srinagar Sonamary Tunnelway Limited are dependent upon the outcome of the proceedings before Hon’ble National Company Law Tribunal, the necessary treatment shall be given to the transactions on the outcome of the proceedings.

For the purpose of the Company’s capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to maximize the shareholder value. The following table summarizes the capital of the Company.

Contingent liabilities and commitments

There are no contingent liabilities and commitments.

Prior year comparatives

The figures of the previous year have been regrouped/reclassified, where necessary, to conform with the current year''s classification.

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Mar 31, 2015

Not available

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Mar 31, 2014

Note 1: CONTINGENT LIABILITIES & COMMENTS

Income Tax Liability Rs.222,78,678/- (Previous Year Rs.222,78,678/-.) Company has filed appeals in Appellate Tribunals and expect the decision in favour of company.

Note 2: The previous year figures have been regrouped, rearranged wherever necessary.

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Mar 31, 2013

I. The Company has only one class of share capital, i.e. equity shares having face value of Re.1 per share. Each holder of equity share is entitled to one vote per share. The equity shareholders are entitled to receive dividends as and when declared.

ii. 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 amounts. The distribution will be in proportion to the number of equity shares held by the shareholder.

iii. The Warrants holder will be entitled to convert each warrant held by them into One Equity Share, at any time after the date of allotment but on or before the expiry of 18 months from the date of allotment, in one or more tranches.

iv. The Warrant holder(s) shall, on/before the date of allotment of Warrants, pay an amount equivalent to at least 25% of the total consideration per warrant.

v. The Warrant(s) are transferable, however, a transfer shall be considered valid only if the same has been registered with the Company and shall be subject to provision of all applicable SEBI Guidelines viz. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 etc.

vi. The warrants outstanding at the expiry of the Warrants exercise period shall expire and the 25% of the total consideration per warrants shall stand forfeited.

vii. The Warrant Holder shall be entitled to any future Bonus issue(s) of Equity Shares or any other security (ies), in the same proportion and manner as any other shareholder of the company. This entitlement is however subject to the exercise of the option by the warrant holder(s) to convert the warrants into Equity shares within the time limit specified in ( iii) above .

viii. The number of Warrants and the price per warrant shall be appropriately adjusted, subject to the companies Act, 1956 and SEBI Guidelines, for other corporate actions such as , stock split, consolidation, demerger and transfer of undertaking , sale of a division or any such capital or corporate restructuring .

ix. The Equity Shares so issued in lieu of the Warrants shall rank pari- passu in all respects with the existing Equity Shares of the Company.

x. The Equity Shares so issued upon conversion of the Warrants shall be subject to the relevant lock-in requirements as mentioned under chapter VII of the SEBI (ICDR) Regulations, 2009.

The Company has not received any memorandum (as required to be filed by the Supplier with the notified authority under the Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as on 31st March 2012 as Micro, Small or Medium Enterprises. Consequently the amount paid / payable to these parties during the year is NIL.

*The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

1.1 Contingent Liabilities & Comments

a) Income Tax Liability Rs.22278678/- (Previous Year Rs.222,78,678/-). Company has filed appeals in Appellate Tribunals and expects the decision in favour of Company.

1.2 Related Party Transactions

a)Key Managerial Person

Bimal Pravinchandra Kamdar Srikrishna Bhamidipati Anand Choudhary Randhir Marwa Deepak Goyal

1.3 The previous year figures have been regrouped, rearranged wherever necessary.

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Mar 31, 2012

1 * Issued and paid up capital includes 19,23,10,000 No of shares isued as bonus shares during last five years

2 Convertible Equity Warrants Issue under option :

During the year 30,00,00,000 (Thirty Crores) Convertible Warrants of Rs.8.70/-per warrant issued.(Previous NIL) as per terms and condition in para 1.6. Out

3 Terms/Rights attached to equity shares and Convertible Equity Warrants :

i ) The Company has only one class of share capital,i.e.equity shares having face value of Re.1 per share.Each holder of equity share is entiltled to one vote per

ii ) In the event of liquidation of the Company,the holders of equity shares will be entiteld to receive remaining assets of the Company, after distribution of all

iii ) The Warrants holder will be entitled to convert each warrant held by them into One Equity Share,at any time after the date of allotment but on or before

iv ) The Warrant holder(s) shall,on/before the date of allotment of Warrants,pay an amount equivalent to at least 25% of the total consideration per warrant.

v ) The Warrant(s) are transferable,however,a transfer shall be considered valid only if the same has been registered with the company and shall be subject to

vi ) The warrants outstanding at the expiry of the Warrants exercise period shall expire and the 25% of the total consideration per warrants shall stand forfeited.

vii ) The Warrant Holder shall be entitled to any future Bonus issue(s) of Equity Shares or any other security (ies), in the same proportion and manner as any

viii ) The number of Warrants and the price per warrant shall be appropriately adjusted, subject to the companies Act, 1956 and SEBI Guidelines, for other

ix ) The Equity Shares so issued in lieu of the Warrants shall rank pari-passu in all respects with the existing Equity Shares of the Company.

x ) The Equity Shares so issued upon conversion of the Warrants shall be subject to the relevant lock-in requirements as mentioned under chapter VII of the

xi ) Shareholders holding more than 5% of equity shares as at the end of the year:

5 Other Notes to Accounts

5.1 Contingent Liabilities & Comments

a Guarantee Given by the Company''s banker as at March 31, 2012 is Rs.NIL ( previous year : Rs. NIL )

b Income Tax Liability Rs.222,78,678/- ( Previous Year Rs.233,73,358/-.) Company has filed appeales in Applelate Tribunals and expect the decision in favour

5.2 25.2 Quantitative Particulars a ) Capacities : -

License Capacity -- Not Applicable

Install Capacity -- Not Applicable

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Mar 31, 2011

1. Secured Loan from Bank

The outstanding amount due to Allahabad Bank is Rs.1,66,97,612 /-(Previous Year Rs.1,66,97,612/- no provision for interest is made (Previous Year Rs. Nil) up to 31st March 2011. The Company's proposal for one time settlement has been in principal accepted by ARCIL.

2. Previous year's figures

The Previous year's figures have been recast/restated, wherever necessary to confirm to current year classification.

3. Loans & Advances

Advances recoverable in cash, kind or value to be received are primarily towards prepayments for value to be received and same has been confirmed by the management.

4. Related Party Disclosure

As per Accounting Standard-18 "Related party Disclosures" comes into effect in respect of accounting periods commencing on or after 01.04.2002, According to the information and explanations given to us, there is no transaction made during the year with related parties into the Company.

5. Sundry Debtors, Creditors, Loans & Advances and bank balances are stated as appear in the books of accounts in the ordinary course of business. The balances are un-confirmed and are subject to confirmation from the party/Bank.

6. Investments in unquoted shares are subject to physical verification. The market value of unquoted shares is not ascertainable.

7. As per Accounting Standard 17 issued by the Institute of Chartered Accountants of India regarding Segmental Reporting, we state that the same is not significant compared to the turnover of main activity. Hence same is not reported

8. Unsecured Loan Rs.3,90,00,000/- (Previous Year Rs.20, 00,000/-) is interest free loan.

9. Micro, Small and Medium Enterprises:-

There are no Micro, Small & Medium Enterprises in respect of whom the Company's dues are outstanding for more than 45 days as at the balance sheet date.

10. Contingents Liability Not Provided For :- Matter under dispute-

Income Tax (Company is in Appeal) Rs.2,33,73,358/-(Previous Year Rs.83,78,848/-) As per our Report of Even Date Attic

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Mar 31, 2010

1 Secured Loan from Bank

The outstanding amount due to Allahabad Bank is Rs. 1,66,97,612 /-(Previous Year Rs. .2,22,97,612/ - no provision for interest is made (Previous Year Rs. Nil) up to 31st March 2010. The Companys proposal for one time settlement has been inprinipal accepted by ARCIL, and the Company has paid Rs.56,00,000/- as part payment towards the settlement.

2 Previous years figures

The Previous years figures have been recast/restated, wherever necessary to confirm to current year classification.

3 Loans & Advances

Advances recoverable in cash, kind or value to be received are primarily towards prepayments for value to be received and same has been confirmed by the management.

4 Related Party Disclosure

As per Accounting Standard-18 "Related party Disclosures" comes into effect in respect of accounting periods commencing on or after 01.04.2002, According to the information and explanations given to us, there is no transaction made during the year with related parties into the Company.

5 Sundry Debtors, Creditors, Loans & Advances and bank balances are stated as appear in the books of accounts in the ordinary course of business. The balances are un-confirmed and are subject to confirmation from the party/Bank.

6 Investments in quoted or unquoted shares are subject to physical verification. The market value of unquoted shares is not ascertainable.

7 As per Accounting Standard 17 issued by the Institute of Chartered Accountants of India regarding Segmental Reporting, we state that the same is not significant compared to the turnover of main activity. Hence same is not reported.

8 During the financial year 2009-10, the Company has increased Authorized Capital and Paid-Up Capital as Follows;

A. Increase in Authorized Capital:

i Increased from Rs.6,00,00,000/- divided into 60,00,000 Equity shares of Rs.10/- each to

Rs.25,00,00,000/- divided into 2,50,00,000 Equity Shares of Rs.10/- each on 21s July, 2009 by creation 1,90,00,000 additional Equity Shares.

The equity shares of Face value of Rs10/- each subdivided into 10 equity shares of the face value of Re.1/-.

ii. Authorized capital Increased from Rs. 25,00,00,000/- divided into 25,00,00,000 Equity shares of Re.1/- each to Rs.65,00,00,000/- divided into 65,00,00,000 Equity Shares of Re.1/- each on 12th January 2010 by creation 40,00,00,000 additional Equity Shares.

B. Increase/Change in Paid-up Capital:

I. The equity shares of face value of Rs.10/- has been subdivided into Re.1/- face value hence the number of shares has been increased from 4807750 equity shares to 48077500

II. The Company has issued and allotted bonus shares 19,23,10,000 Nos., in the ratio of 4:1 by capitalizing general reserve, share premium account and surplus of profit and loss account. As a result the paid-up capital increased to Rs. 24,03,87,500/- divided into 24,03,87,500 equity shares of Re.1/- each fully paid-up.

III. On 5th February, 2010, The Company issued 40,00,00,000Nos. Convertible equity warrants each of Rs.3.50/- on preferential basis to individuals and Corporate belonging to non promoter category. Out of the said warrants 17725000 warrants converted into equity shares on 20th February, 2010 and 382275000 warrants converted into equity shares on 27th March, 2010. At face value of Re.1/- the balance amount of Rs.2.50 per warrant transfer to share premium account

9 Unsecured Loan Rs.20, 00,000/- (Previous Year Rs.20, 00,000/-) is interest free loan.

10 Micro, Small and Medium Enterprises:-

There are no Micro, Small & Medium Enterprises in respect of whom the companys dues are outstanding for more than 45 days as at the balance sheet date

11 Quantitative Particulars:-

a) Capacities:-

License Capacity - not Applicable Install Capacity - not Applicable