Notes to Accounts of LCC Infotech Ltd.

Mar 31, 2024

(a) Terms / Rights attached to the equity shares

The Company has only one class of equity shares having par value of Rs. 2 per share. Each holder of equity share 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.

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 ofall preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

*As per records of the Company, including its register of shareholders / members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.

e. No ordinary shares have been reserved for issue under options & contracts/commitments for sale of shares/disinvestment as at the Balance Sheet Date;

f. No shares have been allotted by way of bonus shares or pursuant to contracts/has been bought back by the company during the period of 5 years preceding the date at which the Balance Sheet is prepared;

g. No securities convertible into equity/preference shares have been issued by the company during the year;

h. No calls are unpaid by any directors or officers of the company during the year.

Nature and purpose of reserve:

A. General Reserve

The general reserve is a free reserve which is used from time to time to transfer profits from retained earnings for appropriation purposes.

B. Securities Premium

Securities premium reserve is used to record the premium on issue of shares. The reserve can be utilised only for limited purposes such as issuance of bonus shares in accordance with the provisions of the Companies Act, 2013.

C. Retained Earnings

Retained earnings are the profits that the company has earned till date. Retained earnings includes re-measurement (loss)/gain on defined benefit plans, net of taxes that will not be reclassified to statement of profit and loss. Retained earnings is a free reserve available to the company and eligible for distribution to shareholders.

13.1 Term Loan

Term Loan from ICICI Bank was taken during the financial year 2018-19 and carries interest @ 8.45% pa. The loan is repayable in 121 installments of Rs.63,405 each along with interest from date of loan. The loan is secured by Hypothication of Office Premises at Chennai location.

Term Loan from ICICI Bank was taken during the financial year 2018-19 and carries interest @ 8.45% pa. The loan is repayable in 121 installments of Rs.63,405 each along with interest from date of loan. The loan is secured by Hypothication of Office Premises at Chennai location.

Loan/ Advances from related parties are Interest free and repayable on demand.

Other Loans are Interest Free and repayable on demand.

The Code on Social Security, 2020 (''Code'') relating to employee benefits during employment and post-employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.

25. Earning Per Share

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders of the company by the weighted average number of Equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the company (after adjusting for interest on the convertible preference shares) by the weighted average number of Equity shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the dilutive potential Equity shares into Equity shares.

26.Contingent liabilities, commitments and leasing arrangements 26.a. Lease

There are no Lease agreements.

26.b. Commitments

There are no commitments by the company 26.c. Contingent Liabilities

The Company does not have any contingent liability that would impact the financial position as on 31st March 2024.

Terms and conditions of transactions with related parties

The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm''s length transactions. Outstanding balances at the year-end are unsecured and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables except as disclosed above.

28. Segment reporting

The Company operates in only one business segment i.e. Education in the field of skill development and in only one geographic segment i.e. India. Accordingly there are no separate reportable segments under Ind AS - 108 - Operating Segments.

The management assessed that cash and cash equivalents, trade payables, and other current liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

29.1. Valuation principles

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e., an exit price), regardless of whether that price is directly observable or estimated using a valuation technique.

In order to show how fair values have been derived, financial instruments are classified based on a hierarchy of valuation techniques, as explained in Note 30.

30.1. Valuation technique used

Units held in funds are measured based on their published net asset value (NAV), taking into account redemption and/or other restrictions. Such instruments are generally Level 2.

There have been no transfer between Level 1, 2 and 3 during the year ended March 31, 2024 and March 31, 2023.

31. Financial risk management objectives and policies

The Company''s financial liabilities comprise loans and borrowing and other payables. The main purpose of these financial liabilities is to finance the Company''s operation. The Company''s financial assets include investments, loans, trade & other financial assets and cash & cash equivalents. The Company is exposed to market risk, credit risk and liquidity risk. The Company''s senior management has the overall responsibility for establishing and governing the Company''s financial risk management framework and developing and monitoring the Company''s financial risk management policies. The Company''s financial risk management policies are established to identify and analyze the risks faced by the Company, to set and monitor appropriate controls.

31.1. Market Risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three type of risk i.e. currency risk, interest rate risk and other price risk such as commodity price risk and equity price risk. Financial instruments affected by market risk include trade payable, trade receivables, borrowings etc. Currency risk is not applicable to the Company it is not involved in substantial foreign currency transactions.

31.1.2. Price Risk

The Company''s non-listed equity securities are susceptible to market price risk arising from uncertainties about future values of the investment securities. The Company manages the equity price risk through diversification and by placing limits on individual and total instruments. Reports on the portfolio are submitted to the Company''s senior management on a regular basis. The Company''s Board of Directors reviews and approves all investment decisions.

31.2. Credit Risk

Credit risk is the risk that counterparty will not meet its obligations resulting in financial loss to the Company. Credit risk arises primarily from financial assets such as trade receivables,bank balances, loans, investments and other financial assets. At each reporting date, the Company measures loss allowance for certain class of financial assets based on historical trend, industry practices and the business environment in which the Company operates.

Customer credit risk is managed by the Company''s established policy, procedures and control relating to customer credit risk management. Outstanding customer receivables are regularly monitored and credit quality of a customer is assessed and individual credit limits are defined in accordance with this assessment. Credit risk arising from investments, financial instruments and balances with banks is limited because the counterparties are banks and recognised financial institutions with high credit worthiness.

31.3. Liquidity Risk

Liquidity risk 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 liquidity is to ensure as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due. Management monitors rolling forecasts of the Company''s liquidity position and cash and cash equivalents on the basis of expected cash flows. The Company takes into account the liquidity of the market in which the entity operates.

32. Capital management

For the purpose of the Company''s capital management, capital includes issued equity capital, security premium and all other equity reserves attributable to the equity holders of the Company.

The Company''s objectives when managing capital is to safeguard continuity, maintain a strong credit rating and healthy capital ratios in order to support its business and provide adequate return to shareholders through continuing growth and maximise the shareholders value. The Company sets the amount of capital required on the basis of annual business and long-term operating plans which include capital and other strategic investments. The funding requirements are met through a mixture of equity, internal fund generation and borrowed funds. The Company monitors capital on the basis of the net debt to equity ratio. Net debts are long term and short term debts as reduced by cash and cash equivalents (including restricted cash and cash equivalents). Equity comprises share capital and free reserves (total reserves excluding OCI). The following table summarizes the capital of the Company:

34: Utilisation of Borrowed Fund & Share Premium

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

The Company has not advanced or lent or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

35: Pursuent to the order of Hon''ble NCLT dated 15.09.2023, SEBI order dated 20.02.2024 and as decided by the Board based on the recommendation of the Audit Committee, Rs. 5277.76 Lacs has been written off on account of investment in shares which are of no value, loans which are not recovereble and debtors which were continuing in the books prior to 2004.

36: Other Statutory Informations:

36.1: Benami Property

No proceeding has been initiated or pending against the group for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

36.2: Wilful Defaulter

The company is not a declared wilful defaulter by any bank or financial institution or other lender.

36.3: Relationship with Struck off Companies

The Company has no transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

36.4: Undisclosed income

The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year ended March 31, 2024 and March 31, 2023 in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961)

36.5: Crypto Currency

The Company has not traded or invested in Cryptocurrency/ Virtualcurrency transactions / balances during the current and previous financial year.

36.6: The Company is not getting covered under sec 135 of the Companies Act 2013 and as such the provisions of CSR are not applicable on the Company.

36.7: The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

36.8: There is no such requirement of compliance in relation to number of layers prescribed under clause (87) of section 2 of the Companies Act read with Companies (Restriction on number of layers) Rules, 2017 as the company doesn''t have any subsidiary.

36.9: The Company has not filed any Scheme of Arrangements in terms of sections 230 to 237 of the Companies Act, 2013 with any Competent Authority.

37: The Company has used accounting software for maintaining its books of account which did not had a feature of recording audit trail (edit log) facility. The Company is in process of upgrading the accounting software which will have a feature of recording audit trail (edit log) facility. The Company is in the process of establishing necessary controls and documentations regarding audit trail in respect of upgraded version of the accounting software.

38: Previous years figures have been regrouped/reclassified, where necessary, to confirm to current year classification.

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Mar 31, 2023

c. Contingent Liabilities and Contingent Assets

Provision is recognized in the accounts when there is a present obligation as a result of past event(s) and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates. Contingent liabilities are disclosed unless the possibility of outflow of resources is remote. Contingent assets are neither recognized nor disclosed in the financial statements.

28.1.2. Price Risk

The Company’s non-listed equity securities are susceptible to market price risk arising from uncertainties about future values ofthe investment securities. The Company manages the equity price risk through diversification and by placing limits on individual and total instruments. Reports on the portfolio are submitted to the Company’s senior management on a regular basis. The Company’s Board of Directors reviews and approves all investment decisions.

28.2. Credit Risk

Credit risk is the risk that counterparty will not meet its obligations resulting in financial loss to the Company. Credit risk arises primarily from financial assets such as trade receivables, bank balances, loans, investments and other financial assets. At each reporting date, the Company measures loss allowance for certain class offinancial assets based on historical trend, industry practices and the business environment in which the Company operates.

Customer credit risk is managed by the Company’s established policy, procedures and control relating to customer credit risk management. Outstanding customer receivables are regularly monitored and credit quality of a customer is assessed and individual credit limits are defined in accordance with this assessment. Credit risk arising from investments, financial instruments and balances with banks is limited because the counteiparties are banks and recognised financial institutions with high credit worthiness.

29. Capital management

For the purpose of the Company’s capital management, capital includes issued equity capital, security premium and all other equity reserves attributable to the equity holders of the Company.

The Company’s objectives when managing capitalis to safeguard continuity, maintain a strong credit rating and healthy capitalratios in order to support its business and provide adequateretum to shareholders through continuing growth and maximise the shareholders value. The Company sets the amount of capital required on the basis of annualbusiness and long-term operating plans which include capital and other strategic investments. The funding requirements are met through a mixture of equity, internalfund generation and borrowed funds. TheCompany monitors capital on the basis of the net debt to equity ratio. Net debts are long term and short term debts as reduced by cash and cash equivalents (including restricted cash and cash equivalents). Equity comprises share capital and free reserves (total reserves excluding OCI). The following table summarizes the capital of the Company:

31: Utilisation of Borrowed Fund & Share Premium

"The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries. “The Company has not advanced or lent or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: (a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries."

32: Other Statutory Informations:

32.1: Benami Property

"No proceeding has been initiated or pending against the group for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

32.2: Wilful Defaulter

The company is not a declared wilful defaulter by any bank or financial institution or other lender. 32.3: Relationship with Struck off Companies

The Company has no transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

32.4: Undisclosed income

"The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year ended March 31,2023 and March 31, 2022 in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income T ax Act, 1961)"

32.5: Crypto Currency

The Company has not traded or invested in Cryptocurrency/ Virtualcurrency transactions / balances during the current and previous financial year.

32.6: The Company is not getting covered under sec 135 of the Companies Act 2013 and as such the provisions of CSR are not applicable on the Company.

32.7: The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

32.8: There is no such requirement of compliance in relation to number of layers prescribed under clause (87) of section 2 of the Companies Act read with Companies (Restriction on number of layers) Rules, 2017 as the company doesn''t have any subsidiary.

32.9: The Company has not filed any Scheme of Arrangements in terms of sections 230 to 237 of the Companies Act, 2013 with any Competent Authority.

33: Previous years figures have been regrouped/reclassified, where necessary, to confirm to current year classification.

In terms of our report attached on the even date

For and on behalf of the Board of Directors For Nitin Gami & Associates LCC InfoTech Limited

Chartered Accountants Firm Registration Number: 332567E

Nitin Gami Kriti Lakhotia Sidharth Lakhotia

Proprietor Managing Director Director

Membership Number: 316213 DIN : 00057357 DIN : 00057511

Place: Kolkata Pratik Lakhotia Smriti Suhasari

Date: 29th May, 2023 Chief Financial Officer Company Secretary

DIN : 00057015 ICSI Membership No. A36813

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Mar 31, 2015

1. Terms / Rights attached to the equity shares

The Company has only one class of equity shares having par value of Rs.2 per share. Each holder of equity shares is entitled to one vote per share.

2. The Company has only one business segment and its operations are also confined to one geographical segment i.e. India. As such, no further disclosure under Accounting Standard 17 "Segment Reporting" is required.

3. In terms of Accounting Standard 18, notified by the Companies accounting Standard Rules 2006, the related party disclosure is given below:-

(a) Name of the related parties & description of relationship Subsidiary Company

eLCC Info.Com Limited

Enterprises owned or significantly influenced by key management personnel or their relatives

Advertiser's Advertising Agency Limited

Key Management Personnel

Mrs. Kirti Lakhotia (Managing Director)

Mr. Sidharth Lakhotia (Director)

Mr. Pratik Lakhotia (Director)

4. Deferred Tax Assets has not been recognized in these accounts in view of the Accounting Policy specified in Note no. 1 (K).

5. Previous Year's figures has been regrouped and rearranged wherever necessary.

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Mar 31, 2014

1. The Company has only one business segment and its operations are also confined to one geographical segment i.e. India. As such, no further disclosure under Accounting Standard 17 "Segment Reporting" is required.

2. Deferred Tax Asset has not been recognized in these accounts in view of the Accounting Policy specified in Note no. 1(viii).

3. Previous Year''s figures has been regrouped / rearranged wherever necessary.

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Mar 31, 2013

1. The Company has only one business segment and its operations are also confined to one geo- graphical segment i.e. India. As such, no further disclosure under Accounting Standard 17 "Segment Reporting" is required.

2. In terms of Accounting Standard 18, notified by the Companies Accounting Standard Rules, 2006, the related party disclosure is given below:-

(a) Name of the related parties & description of relationship Subsidiary Company eLCC Info.Com Limited

Enterprises owned or significantly influenced by key management personnel or their relatives

Advertiser''s Advertising Agency Limited

Key Managerial Personnel

Mrs. Kirti Lakhotia (Managing Director) Mr. Sidharth Lakhotia (Director) Mr. Pratik Lakhotia (Director)

3. Deferred Tax Asset has not been recognized in these accounts in view of the Accounting Policy specified in Note no. 1(viii).

4. Additional information pursuant to the provisions of Part -II of Schedule - VI to the Companies Act, 1956.

5. In terms of the existing agreements with various franchisees, the Company is entitled to a royalty income based on a percentage of gross collections of these franchisees. The Company has however accounted for its income as "Gross Collection from Franchisees" based on state- ments received from franchisees.

6. Previous Year''s figures has been regrouped / rearranged wherever necessary.

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Mar 31, 2012

1. Additional information pursuant to the provisions of Part -II of Schedule - VI to the Companies Act, 1956.

Note. Closing stock of Computers has been converted to Fixed Assets during the year.

2. The total amount of Directors' Remuneration charged in these accounts is Rs.1620 thou- sands (2011 - Rs. 1560 thousands) under salary head in Personnel.

3. Related Party Disclosures, as required by AS - 18 'Related Party Disclosures' are given below:

I Relationships

a) Where control exists eLCC Info. Com Limited Advertiser's Advertising Agency Limited

b) Key Management Personnel

Mrs. Kirti Lakhotia Advertiser's Advertising agency Limited,

eLCC Info.com Limited

Mr. Sidharth Lakhotia Advertiser's Advertising agency Limited,

eLCC Info.com Limited.

Mr. Pratik Lakhotia Advertiser's Advertising agency Limited,

eLCC Info.com Limited.

4. In terms of the existing agreements with various franchisees, the Company is entitled to a royalty income based on a percentage of gross collections of these franchisees. The Company has however accounted for its income as "Gross Collection from Franchisees" based on state- ments received from franchisees.

5. Previous years' figures have been rearranged/regrouped where ever considered necessary.

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Mar 31, 2010

1. The Company was registered as a Non Banking Financial Company with the Reserve Bank of India. Consequent to the alteration of the object clause of the Memorandum of Association B45 of Association of the Company and the acquisition of business of the Lakhotia Computer Centre, the Company is no longer a Non Banking Financial Company and has applied to the Reserve Bank of India for deregistration. Necessary approval of the Reserve Bank of India is awaited.

2. In the absence of latest audited accounts, it has not been possible to ascertain the break up value of certain long term unquoted Investments (Book Value - Rs. 1,94,623 thousands, 2009 - Rs 1,94,600 thousands) and its consequential effect on carrying value. In respect of quoted Investment i.e. Equity Share and Mutual Fund no provision has been made in the accounts for diminution in value to the tune of Rs 1819 thousand and Rs. 12 thousand respectively.

3. Consequent to the issuance of mandatory Accounting Standard (AS-22) - "Accounting for taxes on Income" by the Institute of Chartered Accountants of India which states that deferred tax should be recognized based on timing difference between the accounting income and the taxable income for the year and quantify the same using the tax rates and laws enacted or substantively enacted as at the Balance Sheet date. Deferred tax assets are recognised and carried forward only to the extent that there is virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised. However there is no such virtual certainty for future taxable income, so no provision has been made in the books.

4. Estimated amount of contracts remaining to be executed on Capital account (Net of Advances) Rs. Nil (2009 - Rs. Nil)

5. Liability of Contingent in Nature was not readily available (2009 - Rs Nil)

6. FOB value of exports Rs Nil (2009 - Rs Nil)

7. Expenditure in foreign Currency Rs. Nil (2009 - Rs. Nil)

8. The total amount of Directors' Remuneration charged in these accounts is Rs. 1560 thousands (2009 - Rs. 480 thousands) under salary head in Personnel.

9. There is no small-scale industrial undertaking on the basis of information available with the company to whom the company owes a sum, which is outstanding for more than 30 days as at the balance sheet date.

10. Related Party Disclosures, as required by AS - 18 'Related Party Disclosures' are given below:

I Relationships

a) Where control exists eLCC Info. Com Limited Advertiser's Advertising Agency Limited

b) Key Management Personnel

Mrs. Kirti Lakhotia Advertiser's Advertising agency Limited (For-

merly known as Lakhotia Computer Centre Limited, eLCC Info.com Limited

Mr. Sidharth Lakhotia Advertiser's Advertising agency Limited (For-

merly known as Lakhotia Computer Centre Limited, eLCC Info.com Limited.

Mr. Pratik Lakhotia eLCC Info.com Limited

II Related Party Balance as at the year-end

eLCC Info.Com Ltd. Advertiser's Advertising agency Limited

(Formerly known as Lakhotia Computer Centre Limited, Advance (in Rs.) 89,70,498.00 (Cr.) 31,41,652.75 (Dr.)

III Transactions with Key Management Personnel Remuneration (in Rs.) 480 thousands

11. Calculations in respect of earning per Share as required by Accounting standard (AS-20) issued by the ICAI.

31.03.2010 31.03.2009

Net Profit as per Profit & loss Account Rs. in thousands 326 215

No. of Equity Shares Nos. 126593350 126593350

Earnings per Share (Basic & Diluted) Rs 0.0026 0.00170

12. In terms of the existing agreements with the various franchisees, the Company is entitled to a royalty income based on a percentage of gross collections of these franchisees. The Company has however accounted for its income as "Collection from Franchisee Centres" based on state- ments received from franchisees.

13. Previous years' figures have been rearranged/regrouped where ever considered necessary.

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Mar 31, 2009

1. The Company was registered as a Non Banking Financial Company with the Reserve Bank of India. Consequent to the alteration of the object clause of the Memorandum of Association B45 of Association of the Company and the acquisition of business of the Lakhotla Computer Centre, the Company is no longer a Non Banking Financial Company and has applied to the Reserve Bank of India for deregistration. Necessary approval of the Reserve Bank of India is awaited.

2. In the absence of latest audited accounts, it has not been possible to ascertain the break up value of certain long term unquoted Investments (Book Value - Rs. 1,84,963 thousands, 2008 - Rs 1,84,963 thousands) and its consequential effect on carrying value. In respect of quoted Investment I.e. Equity Share no provision has been made in the accounts for diminution in value to the tune of Rs 3919 thousand.

3. Consequent to the issuance of mandatory Accounting Standard (AS-22) - "Accounting for taxes on Income" by the Institute of Chartered Accountants of India which states that deferred tax should be recognized based on timing difference between the accounting income and the tax- able income for the year and quantify the same using the tax rates and laws enacted or substan- tively enacted as at the Balance Sheet date. Deferred tax assets are recognised and carried forward only to the extent that there is virtual certainty that sufficient future taxable income will be available against which such deferred tax assets can be realised. However there is no such virtual certainty for future taxable income, so no provision has been made in the books.

4. Estimated amount of contracts remaining to be executed on Capital account (Net of Advances) Rs. Nil (2008 - Rs. Nil)

5. Liability of Contingent In Nature was not readily available (2008 - Rs Nil)

6. FOB value of exports Rs Nil (2008 - Rs Nil)

7. Expenditure in foreign Currency Rs. Nil (2008 - Rs. Nil)

8. The total amount of Directors Remuneration charged In these accounts Is Rs. 480 thousands (2008 - Rs. 270 thousands) under salary head in Personnel.

9. There is no small-scale Industrial undertaking on the basis of Information available with the company to whom the company owes a sum, which Is outstanding for more than 30 days as at the balance sheet date.

10. Related Party Disclosures, as required by AS - 18 Related Party Disclosures are given below:

I Relationships

a) Where control exists eLCC Info. Com Limited Advertisers Advertising Agency Limited

b) Key Management Personnel

Mrs, Klrtl Lakhotia

Advertisers Advertising agency Limited (For- merly known as Lakhotia Computer Centre Limited, eLCC lnfo.com Limited

Mr. Sldharth Lakhotia

Advertisers Advertising agency Limited (For- merly known as Lakhotia Computer Centre Limited, eLCC Info.com Limited.

Mr. Pratlk Lakhotia

eLCC Info.com Limited

II Related Party Balance as at the year-end

eLCC Info.Com Ltd. Advertisers Advertising agency Limited

(Formerly known as Lakhotia Computer Centre Limited,

11. In terms of the existing agreements with the various franchisees, the Company is entitled to a royalty income based on a percentage of gross collections of these franchisees. The Company has however accounted for its income as "Collection from Franchisee Centres" based on state- ments received from franchisees.

12. Previous years figures have been rearranged/regrouped where ever considered necessary.