Notes to Accounts of Oasis Securities Ltd.

Mar 31, 2025

(ii) Terms/ rights attached to equity shares:

The Company has one class of equity shares having par value of Rs. 1 per share. Accordingly, all equity shares rank equally with regard to dividends and share in the
Company''s residual assets. The equity shares are entitled to receive dividend as declared from time to time. The voting rights of an equity shareholder on a poll are in
proportion to his share of the paid-up equity capital of the Company. Voting rights cannot be excercised in respect of shares on which any call or other sums presently
payable have not been paid.

In the event of liquidation of the Company, the holders of the equity shares will be entitled to receive remaining assets of the Company after distribution of all
preferential amounts. The distribution will be in proportion of the shares held by each shareholder.

26. Segment reporting

The Company operates in a single reportable segment i.e. Fund based activities including investment activities (Investment in securities) and financing activity, since
the nature of the fund based activities are exposed to similar risk and return profiles hence they are collectively operating under a single segment. The Company
operates in a single geographical segment i.e. domestic. Hence, the financial statements are reflective of the information required by Ind AS 108 on “Operating
Segments”, as prescribed in Companies (Indian Accounting Standards (IND AS)) Rules 2015 and the Companies (Indian Accounting Standards) Amendment Rules,
2016.

b) Fair value hierarchy

The fair value of financial instruments as referred to in note (a) above have been classified into three categories depending on the inputs used in the
valuation technique. The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1
measurements) and lowest priority to unobservable inputs (Level 3 measurements).

The categories used are as follows:

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

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

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

c) Measurement of Fair Value

The fair values of financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date. Methods and assumptions used to estimate the fair values are consistent in
all the years. The following methods and assumptions were used to estimate the fair values:

i) The fair values of investments in mutual fund units is based on the net asset value (‘NAV’) as stated by the issuers of mutual funds. Net asset
values represent the price at which the issuer will issue further units in the mutual fund and the price at which issuers will redeem such units from the
investors.

ii) The Management assesses that fair values of trade receivables, cash and cash equivalents, other bank balances, loans, trade payables, current
borrowings, other current liabilities and other financial liabilities (current), approximate to their carrying amounts largely due to the short-term
maturities of these instruments.

iii) The carrying amount of financial assets and financial liabilities measured at amortised cost in the financial statements are a reasonable
approximation of their fair values since the Company does not anticipate that the carrying amount would be significantly different from the values
that would eventually be received or settled.

d) Risk Management Framework

The Company''s business activities expose it to a variety of financial risks, namely credit risk, liquidity risk and market risks. Market risks comprise
currency risk and interest rate risk. The Company''s Senior Management and Key Management Personnel have the ultimate responsibility for
managing these risks. The Management has a process to identify and analyse the risks faced by the Company, to set appropriate risk limits and to
control and to monitor risks and adherence to these limits. Risk Management policies and systems are reviewed regularly to reflect changes in market
conditions and Company''s activities. Further, Audit Committee undertakes regular reviews of Risk Management Controls and Procedures.

i) Credit risk

Credit risk is the risk that a customer or counterparty fails to meet its contractual obligations resulting in financial loss to the Company. The Company
is exposed to credit risk from its operating activities (trade & other receivables) and from its financing activities including investments in mutual
funds, deposits with banks and financial institutions and financial instruments. Credit risk has always been managed by the Company through credit
approvals and continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course ofbusiness.
On account of adoption of Ind AS 109, the Company has adopted expected lifetime credit loss model to assess the impairment loss, and is positive of
the realisibility of the other trade receivables and other Financial Asset.

Loans, Trade & other Receivables

Credit risk from trade & other receivables is managed by establishing credit limits, credit approvals and monitoring creditworthiness of the customers.
Outstanding customer receivables are regularly monitored. The Company has computed credit loss allowances based on Expected Credit Loss Model,
which excludes transactions with subsidiaries. The ageing of trade receivables is as follows:

ii) 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 to
managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses.

The following tables detailed the Company’s remaining contractual maturities of financial liabilities as at the reporting date with agreed repayment
periods. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company
can be required to pay. The table includes both interest and principal cash flows.

iii) 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
Currency risk

The Company’s operations are only in India which results in no foregin currency risk exposure.

Interest rate risk

The company has no borrowings and investments in interest bearing instruments. Hence, company has no interest rate risk exposure.

Capital Management

The Company’s objective is to maintain appropriate levels of capital to support its business strategy taking into account the regulatory, economic and
commercial environment. The Company aims to maintain a strong capital base to support the risks inherent to its business and growth strategies. The
Company endeavours to maintain a higher capital base than the mandated regulatory capital at all times.

31. Other matters

Information with regard to other matters specified Schedule III of the Act, is either nil or not applicable to the Company for the year.

32. Previous years’ figures have been regrouped / restated wherever necessary to conform to current year’s classification

33. Other Notes:

a) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding

b) The quarterly information statement filed by the Company with banks or financial institutions are in agreement with the books of accour

c) The Company has not been declared as Wilful defaulter by any Banks, Financial institution or Other lenders.

d) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

e) The provision related to number of layers as prescribed under section 2(87) of the Companies Act read with Companies (Restriction on

f) The Company have not advanced or given loan or invested funds to any other person(s) or entity(ies), including foreign entities

(Intermediaries) with the understanding that the Intermediary shall 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 provide any guarantee, security or the
like to or on behalf of the Ultimate Beneficiaries except loans or advances given in normal course of business.

g) The Company have 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 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 provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries except loans or advances given in normal course of business.

h) 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 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).

i) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

j) Relationship with Struck off Companies :

The Company has performed an assessment to identify transactions with struck off companies as at 31 March 2024 and no such company
was identified.

34. Events after reporting

There have been no events after the reporting date that require disclosure in these financial statements.

The notes refered to above form an integral part of the financial statements
As per our report of even date attached

For Rajvanshi & Associates For and on behalf of the Board of Directors

Chartered Accountants
(FRN: 005069C)

Rajesh Kumar Sodhani Priya Sodhani

Managing Director Director

Abhishek Rajvanshi (DIN: 02516856) (DIN: 02523843)

Partner

Membership No: 440759

Place : Jaipur Devi Dutt Agarwal Kirti Mool Chand Jain

Date : 08.05.2025 Chief Financial Officer Company Secretary

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Mar 31, 2024

l) Provisions. Contingent Liabilities and Contingent fiSSSIS.

Provisions arc 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 will be required to settle the obligation and a reliable estimate can be made. Hie expense relating to a provision is presented in the statement of profit and loss net of any reimbursement.

( onnngcnt liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain fiiturc events not wholly within ,hc control of the Company or a present obligation that arises from past event, where it « either not probable that an outflow of resources cull be required to settle the obligation or a reliable estimate of the amount cannot be made.

Contingent Assets are not recognised in the financial statements. Contingent Assets if any, ate disclosed in the notes to the financial statements.

m) Intangible Assets

Intangible Assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible assets are carried at cost less any accumulated amortization and accumulated impairment losses.

Intangible \sscls are amortised over the useful economic life and assessed for impairment whenever there is an indication that the intangible asset may be impaired The amortisation period and the amortisation method for an intangible asset are reviewed at least at the end of each reporting period Changes m the expected useful life or the expected pattern of consumption of future economic benefits embodied u, the asset are consider* to modify the amortisation period or method as appropriate, and are treated as changes in accounting estimates. The amortisation expense on intangible is recognised m the statement of profit and loss account-

Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and arc recognised in the statement of profit or loss when the asset is derecognised.

n) Employee Benefits

ij Short - term employ ee benefits

Ml employee benefits payable wholly within twelve months of rendering the service are classified as short term employee benefits. Benefits such as salaries wages. • performance incentives etc. are recognised at actual amounts due in the period in which the employee renders the related service. I he undiscounted amount of shortterm employee benefits to he paid in exchange for employee services is recognized as an expense as the related service is rendered by employees.

ip Post Employment IVm fits

Defined Benefit Plan : The cost of providing benefit like gratuity is determined using the actuarial valuation using the projected unit credit method earned out as at the balance sheet date. Actuarial gain or loss are recognised immediately in tile Profit or Loss Account or Other comprehensive income.

Ml expenses represented bv current semee cost, past service cost, .f any, and net interest expense / (income) on the net defined benefit liability / (assert are recognised in the Statement'' of Profit and Loss. Remeasurements of the net defined benefit hab.l.ty / (asset) comprising actuarial gams and losses arc recognised immediately m Other Comprehensive Income (OC1).

When the benefits of a plan are changed or when a plan is curtailed, the resulting change ... benefit that relates to past service or the gain or loss m. curtailment is recognised immediately in the Statement of Profit and Loss, il.e Company recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.

lii) Other lone term employment benefits

Compensated absences : Compensated absences which arc not expected to occur within twelve months after die end of the period m which the employee renders the related services are recognised as a liability a. the present value of the defined benefit obligation a. the balance sheet date as determined by an independent actuary based on projected unit credit method, The discount rates used for determining the present value of the obligation under other long term employment benefits plan, are based on the market yields on Government securities as at the balance sheet date.

a. Statutory reserve (created pursuant to Section 45-IC of the Reserve Bank of India Act, 1934)

Statutory reserve represents the Reserve F und created under section 45-IC of the Reserve Bank of India Act, 1934. lTie Company is required to transfer a sum not less than twenty percent of its net profit every year as disclosed in tlic statement of profit and loss. Hie statutory reserve can be utilized for the purposes as may be specified by the Reserve Bank of India front time to time.

b. Retained earnings

Retained earnings represents total of all profits retained since Company’s inception. Retained earnings are credited with current year profits, reduced by losses, if any, dividend payouts, transfers to General reserve or any such ocher appropriations to specific reserves. It also includes impact of remeasurement of defined benefit plans.

c. Securities Premium

Securities premium represents premium received on issue of shares. This amount can be utilised in accordance with the provisions of the Companies Act, 2013.

IrifinU rate risk:

A fall in the discount rate which is linked to the G.Scc. Rate will increase the present value of the liability requiring higher provision.

.S alar) R.isk:

The present value of the defined benefit plan liability is calculated by reference to the future salaries of members. As such, an increase in the salary of the members more than assumed level will increase the plan''s liability.

Asset 1Jability Matching Risk:

''Fhe plan faces the ALM risk as to the matching cash flow, entity has to manage pay-out based on pay as you go basis from own funds.

.4 I o reality risk:

Since the benefits under the plan is nor pavable for life time and payable till retirement age only, plan does not have any longevity risk.

The most recent actuarial valuation of plan assets and present value of defined benefit obligation of gratuity was carried out as at 31st March 2024. Fhe present value of defined benefit obligations and the related current service cost and past service cost were measured using the Projected Unit Credit Method. The following table summaries the net benefit expense recognised in the Statement of Profit & l.oss, the details of the defined benefit obligation and the funded status of the Company’s gratuity plan:

b) Fair value hierarchy

Tlic fair value of financial instruments as referred to in note (a) above have been classified into three categories depending on the inputs used in the valuation technique. Hie hierarchy gives the highest priority ro quoted prices in active markets for identical assets or liabilities (larvel l measurements) and lowest priority to unobservable inputs

lTie categories used are as follows.

Level 1 - Quoted prices ’unadjusted) for identical assets and liabilities in an -active markets.

Level 2 - Inputs other rh.in quoted prices included in l^evel 1 that are observable tor the asset or liability, either directly (as prices'') or indirectly (derived from prices)

Level 3 Inputs tor the asset or liability'' that are not based on observable market data (unobservable inputs)

c) Measurement of Fair Value

The fair values of financial assets and liabilities are included at rhe amount rliar would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date Methods and assumptions used to estimate the fair values are consistent in all the years. ''Hie following methods and

i) llic fair values of investments in mutual fund units is based on Hie net asset value (^f.\ \\”) as stated by the issuers of mutual funds Net Asset values represent rhe price at which the issuer will issue further units in rhe mutual fund and the price at which issuers will redeem such units from the investors.

li) Tin* Management assesses that fair values of trade receivables, cash and cash equivalents, other bank balances, loans, trade payables, current borrowings, other current liabilities and other financial liabilities (current), approximate to ihtir earn ing amounts largely due to the short-term maturities of these instruments.

ni) The carrying amount of financial assets and financial liabilities measured at amortised cost in the financial statements are n reasonable approximation of their fair values since the Company does not anticipate that the earn ing amount would be significantly different from the values that would eventually be received or settled.

d) Risk Management Framework

Tilt Company''s business activities expose it to a variety of financial risks, namely credit risk, liquidity risk and market nsks. Marker risks comprise currency nsk and interest rate risk The Company''s Senior Management and Key Management Personnel have rhe ultimate responsibility for managing these nsks. The Management has a process to identify and analy se the risks faced by rhe Company, to set appropriate risk limits and to control and to monitor risks and adherence to these limits Risk Management policies and systems are reviewed regularly t<> reflect changes in market conditions and Company''s activities Further. Audit Committee undertakes regular reviews of Risk Management Controls and Procedures.

v CrcdiLjasls

Credit risk is the risk that a customer or counterparty fails to meet its contractual obligations resulting in financial loss to the Company The Company is exposed to credit risk from its operating activities (trade & other receivables) and from its financing activities including investments in mutual fluids, deposits with hanks and financial institutions and financial instruments. Credit risk has always been managed by the Company through credit approvals and continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business. On account of adoption offnd AS 109, the Company has adopted expected lifetime credit loss model to assess file impairment loss, and is positive of rhe renhsibihry of rhe other trade receivables and other Financial Asset

/ jjlilts , Tt''jdf. C~ olbtr Revel mbit s

Credit risk from trade & other receivables is managed by establishing credit limits, credit approvals and monitoring creditworthiness of the customers. Outstanding cdSromcr receivables arc rcgularlv monitored. ''Hit Company has computed credit loss allowances based on Expected Credit bnss Model* which excludes transactions with subsidiaries The ageing of trade receivables is as follows:

r.i,|ui<,iny n<k

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

The following tables detailed the Company’s remaining contractual maturities of financial liabilities as at the reporting date with agreed repayment periods. 1 he tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest dare on which the Company can be retired to pay. The table includes both interest and principal cash flows.

ni; Market, usk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market paces. Marker risk composes Currency Currency risk

l ilt Company’s operations arc only in India which results in nr. foregin currency risk exposure.

Interest rare risk

The company has no borrowings and investments in interest bearing instruments. Hence, company has no interest rate risk exposure.

31 Capital Management

The Company’s objective is to maintain appropriate levels of capital to support its business strategy raking into account the regulatory, economic and commercial environment. The Company aims to maintain a strong capital base to support the risks inherent to its business and growth strategies. I he Company endeavours to maintain a higher capital base than the mandated regulatory capital at all times.

33 Other matters

Information with regard to other matters specified Schedule III of the Act, is either nil or not applicable to the Company lor the year.

34 Previous years'' figures have been regrouped / restated wherever necessary to conform to current year''s classification

35 Other Notes:

aj The Company does nor have any Benami property, where .ui\ proceeding has been mi hared or pending against rhe Company for holding am bcnami propern''

I'' flic quarterly information sraremenr filed by rhe Company^- wirh banks or financial institutions are in agreement with the books of accounts.

c) The Company has not been declared n> Wilful defaulter by any Banks, Financial institution or Other lenders.

dj Hie Company does not have any charges or satisfaction which is yet to be registered with HOC beyond rhe statutory period.

e) The provision related to number of layers as prescribed under section 2(87) of the Companies Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable to Company.

f: The Company have not advanced or given loan or invested funds to any other person ''s* or entirv''ics). including foreign entities (Intermediaries) with rhe understanding that the Intermediary shall directly or indirectly lend or invest in or her persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or provide any guarantee, security or rhe like to or on behalf of the l-lrimarc Beneficiaries except loans or advances given in normal course of business.

gj The Company have nor received any fund from any person(s) or entity jes). including foreign entities (Funding Pam^-, with the understanding (whether recorded in writing or otherwise) that the Company shall directly or indirectly lend or mvesr in other persons or entities identified in an\ manner whatsoever by or on behalf of the Funding Parry (Ultimate Beneficiaries) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries except loans or advance¹ given in normal course of business

li; Tlie Company: does nor have any such transaction which is nor recorded in the books of accounts that has been surrendered or disclosed as income during the year m rhe rax assessments under the Income Tax \ct, 1% 1 (such as, search or survey or any other relevant provisions of rhe Income Tax \ct, 1961).

1

The t ''ompany have nor traded or invested in Crypto currency or Virtual Currency during the financial year

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Mar 31, 2015

1. Details of shares held by the holding company, the ultimate holding company, their subsidiaries and associates: NIL

2. The Company has only one class of shares referred to as equity shares having par value of Rs. 10/-; each holder of equity shares is entitled to one vote per share.

3. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the Annual General Meeting except in case of interim dividend.

4. In 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 the distribution of all preferential amounts, in proportion to the number of equity shares held by shareholders.

5. Details of shares held by each shareholder holding more than 5% shares:

6. Aggregate number and class of shares allotted as fully paid up pursuant to contract(s) without payment being received in cash, bonus shares and shares bought back for the period of 5 years immediately preceding the Balance Sheet date: NIL

7. Details of Calls unpaid : NIL.

8. Details of forfeited shares : NIL.

9. Contingent Liabilities

Sr Name of Nature of Amount Period to Forum where no. Statue Dues which it dispute is relates pending

1 Income Tax Deleting 3,17,100 F Y 2009-10 Commissioner allocation of Income of expenses tax made by A.O (Appeals) and Disallowance u/s 14A r.w. rule 8D

2 Income Tax Deleting 4,134,240 F Y 2010-11 Commissioner allocation of Income of expenses tax made by (Appeals) A.O and Disallowance u/s 14A r.w. rule 8D and Dividend stripping u/s 94(7)

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Mar 31, 2014

Note: 1

1) In the opinion of the Management, the Current Assets and Loans and Advances are not less than the value stated, if realised in the ordinary course of business.

2) Figures of the previous year have been regrouped and recast wherever necessary so as to make them comparable with those of the current year.

3) Prudential Norms of NBFC:

i. The loan granted and rate of interest are subject to confirmation of counterparties.

ii. KYC documents, Loan agreement and other essential documents for loan are under reconciliation.

iii. Provision for Non Performing Assets is yet to be provided.

4) The Company has no outstanding dues to small-scale industrial undertakings as on 31st March, 2014

5) The Company is contingently liable on account of Gratuity up to 31/03/2014 is Rs. 3,04,025/- (PY. Rs. 343,991/-)

Other benefits like leave encashment are accounted on accrual basis.

6) Other Information pursuant to Schedule VI of the Companies Act, 1956 is either Nil or Not Applicable.

7) Details of shares held by the holding company, the ultimate holding company, their subsidiaries and associates: NIL

8) The Company has only one class of shares referred to as equity shares having par value of Rs. 10/-; each holder of equity shares is entitled to one vote per share.

9) The dividend proposed by the Board of Directores is subject to the approval of the shareholders in the Annual General Meeting except in case of intreim dividend.

10) In 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 the distribution of all preferential amounts, in proportion to the number of equity shares held by shareholders.

Aggregate number and class of shares allotted as fully paid up pursuant to contract(s) without payment being received in cash, bonus Shares and shares bought back for the period of 5 years immediately preceding the Balance Sheet date: NIL

Details of Calls unpaid : NIL.

11) Details of forfeited shares : NIL.

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Mar 31, 2013

1) in the opinion from fit/tenement, the Current Assets end Loans and Advances are psi less than the value stated, if realized sate the ordinary course '' of business.

2) Figures of the previous year have been regrouped and recast wherever necessary so as to make them comparable with those of the current year.

3) The Company has no outstanding dues to small-scale industrial undertakings as on 31st March, 2013

4) The Company is contingently liable on account of Gratuity up to 31/03/2013 is Rs. 343,891/- (PY. Rs. 343,901/-) Other benefits like leave encashment are accounted on accrual basis, .

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Mar 31, 2012

1. In the opinion of the Management, the Current Assets and Loans and Advances are not less than the value stated, if realised in the ordinary course of business.

2. Figures of the previous year have been regrouped and recast wherever necessary so as to make them comparable with those of the current year.

3) The Company has no outstanding dues to small-scale industrial undertakings as on 31st March, 2012

4) The Company is contingently liable on account of Gratuity up to 31/03/2012 is Rs.343,991/- (P.Y. Rs.1,067,549/-). Other benefits like leave encashment are accounted on accrual basis.

5) Other Information pursuant to Schedule VI of the Companies Act, 1956 is either Nil or Not Applicable.

6) Details of shares held by the holding company, the ultimate holding company, their subsidiaries and associates: NIL

7) The Company has only one class of shares referred to as equity shares having par value of Rs. 10/-; each holder of equity shares is entitled to one vote per share.

8) The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the Annual General Meeting except in the case of interim dividend.

9) In 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 the distribution of all preferential amounts, in proportion to the number of equity shares held by shareholders

10) Details of shares held by each shareholder holding more than 5% shares:

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Mar 31, 2010

1) In the opinion of the Management, the Current Assets and Loans and Advances are not less than the value stated, if realised in the ordinary course of business.

2) Figures of the previous year have been regrouped and recast wherever necessary so as to make them comparable with those of the current year.

3 The Company has no outstanding dues to small-scale industrial undertakings as on 31st March, 2010

4) (A) The Company is contingently liable to HDFC Bank, Fort Branch for Rs. 450.00 Lakhs (PY Rs. 450.00 Lakhs) towards Bank Guarantees issued by the bank in favour of NSCCL Rs 125.00 Lakhs (P.Y.Rs 125.00 Lakhs) & IL&FS Ltd Rs. 325.00 Lakhs (PY Rs. 350.00 Lakhs) against Which Bank is holding Fixed Deposit of Rs. 225.00 Lakhs (PY Rs. 225.00 Lakhs). The Company is contingently liable to the Directors for the collateral personal guarantee given by them for the same.

(B) The Company is contingently liable on account of Gratuity up to 31/03/2010 is Rs. 1,245,310/-(P. Y. Rs. 1,106,942/-) Other benefits like leave encashment are accounted on accrual basis.

(C) The Company has given counter guarantee to HDFC Bank towards Guarantee given by HDFC Bank to Ikab Securities & Investment Ltd a company in which directors are interested, for Rs. 200.00 Lakhs (PY Rs. 200.00 Lakhs).

5) Debts due by Directors: Rs. Nil (PY Rs. Nil); Maximum Balance due by directors during the yearRs.33,169,357/-(PY Rs. 7,054,848/-)

6) Debts due from Companies under the same management:

7) During the year remuneration of Rs. 371,977/- (PY Rs. 371,879/-) has been paid to the Wholetime Directors along with allowances of Rs. 9,600/- (PY Rs.21,730/-) and the same is within the limits prescribed in the Companies Act

8) Related Party Disclosures are as per Annexure A.

9) Other Information pursuant to Schedule VI of the Companies Act, 1936 is either Nil or Not Applicable.