1. (a) The amount of rent payable by the company to Kolkata Port Trust in respect of Kidderpore Stock Yard is

under dispute and the matter is sub-judice with the Hon'ble District Judge, Alipore Judges Court, Kolkata. The Company had been paying rent to Kolkata Port Trust at the demanded rate without prejudice since February, 2007 by cheque, which had since been accepted by Kolkata Port Trust and duly encashed till July, 2011, when the outstanding came down to 60,271,803.

In the month of August, 2011 Port Trust revised their demand for Rent upwardly to 765,315 per month as against their earlier demand of 419,640 per month. The Company, thereafter, stopped paying the rent and submitted before the Hon'ble Court for inclusion of this matter in the original petition. Hence, no further provision for rent from August, 2011 has been made in the accounts.

(b) Similarly, the company hiked the rent and service charges on the tenants at the above premises w.e.f August, 2011, which was disputed by the tenants. No rent / service charges from August, 2011 has been received from the tenants and hence, has not been accounted for. The matter is under sub-judice.

2. Certain credit balances in various liabilities account lying unclaimed over a period of time have been reviewed by the management and being satisfied about the remote possibility of their claims, have written back the same aggregating to 320,442 in the account.

4. Year end balance confirmation letters from some parties in respect of Sundry Debtors, Advances (both debit & credit), Sundry Creditors, Security Deposits etc. were obtained. Steps are being taken by the company for obtaining the same, from the rest of the parties.

5. None of the suppliers informed the company that they are small-scale industrial undertakings. Accordingly, particulars of indebtedness to such undertakings as on March 31,2024, are not furnished.

7. The provisions of Employees State Insurance Act, 1948 are applicable to the Company.

8. Disclosures in accordance with IND AS-19 on "Employees Benefit” ::

a. Gratuity :: The company is in the process of creating of Gratuity Fund as required under IND AS-19 of I.C.A.I. Pending funding, adequate provision towards gratuity liabilities has been made in the accounts on the basis of Actuarial Valuation.

b. Provident Fund & Pension Fund :: The company makes contribution towards Employees Provident Fund to Employees Provident Fund Authority of India (Govt. of India), on monthly basis in accordance to the government norms.

9. The company acquired a piece of land under lease agreement for 99 years in the year 1992-1993 from M/s. The East India Hotels Ltd., Kolkata, at a cost of 23,785,726/-.

In compliance with the IND AS issued by the ICAI, the company has annually amortized the cost of the lease over the lease period. i.e., 99 years equally.

Hence an amount of 240,260/- has been charged to the Profit & Loss Account under Depreciation & Amortization.

10. The company has received an amount of 70,000,000/- from M/s. GSG Builders Pvt. Ltd. on account of advance against property at Kolkata, under certain terms and conditions, mentioned in the MOU. The said M/s. GSG Builders Pvt. Ltd. filed a suit before the Hon'ble District Court, Alipore, 24 Parganas (S), against the company, for non fulfillment of the terms and conditions mentioned in the MOU - The matter is sub-judice.

12. Income and direct expenses in relation to segments is categorised based on items that are individually identifiable to that segment. Certain expenses such as staff related expenses, travelling, telephones etc., which form a significant component of total expenses, are not specifically allocable to particular segments as the underlying services are used interchangeably. The Company believes that it is not practicable to provide segment disclosures relating to these costs and expenses, and accordingly these expenses are separately disclosed as "unallocated” and directly charged against total income. Similarly depreciation is not specifically allocable to particular segments.

14. Total amount of Bank Guarantee obtained from The Federal Bank Ltd. towards Security Deposit for CESC Ltd., stood at 3,426,548/- as on 31.03.2024.

15. Previous year's figures have been regrouped, recast and rearranged wherever necessary.

Note : 31 | ADDITIONAL REGULATORY INFORMATION_|

1 All the title deeds of Immovable Properties held in the name of the Company 'MARTIN BURN LIMITED'

2 Measurement of fair Value of Investment Properties by registered valuer as defined under rule 2 of Companies (Registered Valuers and valuation) Rule, 2017 :: Not Applicable.

3 Revaluation of Property, Plant & Equipment :: Not Applicable

4 Revaluation of Intangible Assets :: Not Applicable.

5 Disclosure regarding Loans & Advance granted to Promoters, Directors, KMPs and the Related Parties :: No loans & advances granted during the FY 2023-24

7 Intangible Assets under development :: No such asset is under the process of development.

8 Benami Property :: No Benami property held by the Company.

9 Borrowing on the basis of security of Current Assets :: Company didn't borrow from banks or financial institutions on the basis of security of Current Assets.

10 Wilful Defaulter :: Company is not declared wilful defaulter by any bank or financial institution or other lender.

11 Relationship with Struck off Companies :: Company didn't have any transaction with struck off Companies u/s 248 of the Companies Act 2013 or u/s 560 of the Companies Act 1956

12 Registration of charges or satisfaction with ROC :: Charges or satisfaction has already been registered within stipulated statutory period.

13 Compliance with number of layers of Company prescribed u/s 2(87) of the Act read with Companies (Restriction on number of layers) Rules 2017 :: Company didn't have any subsidiary.

14. Ratios

16 Utilisation of Borrowed Funds and share premium :

(A) Company didn't advance, loan or invest funds to any other person or entity including foreign entity with the understanding that the intermediary shall

(i) Directly or indirectly lend, invest in other person or entity on behalf of the Company.

Or (ii) provide any guarantee, security on behalf of the Company.

(B) Company didn't received any fund from any person or entity including foreign entity with the understanding that the Company shall

(i) Directly or indirectly lend, invest in other person or entity on behalf of the funding party.Company.

Or (ii) provide any guarantee, security on behalf of the Funding party.

17 Undisclosed Income :: Company didn't have any undisclosed income during FY 2023-24

18 Corporate Social Resposibility :: Not Applicable as Company didn't cover u/s 135 of the Companies Act.

19 Trading of Crypto Currency or Virtual Currency :: Company didn't trade in Crypto Currency or Virtual Currency during FY 2023-24