a) Corporate guarantees given to the Banks/Financial Institutions against credit facilities extended to another company - Rs. 19,33,00,00,000 (PY - Rs.19,33,00,00,000)

b) Bank guarantees Rs.17,10,000 (PY - Rs.17,10,000)

2. Amounts due to suppliers covered under Micro, Small and Medium Enterprises Development Act, 2006

The Company has not received any intimation from the suppliers regarding status under the Micro, Small and Medium Enterprises Development Act, 2006 (the Act) and hence the related disclosure regarding,

a) Amount due and outstanding to suppliers as at the end of the accounting year;

b) Interest paid during the year;

c) Interest payable at the end of the accounting year; and

d) Interest accrued and unpaid at the end of the accounting year,

has not been provided. The same has been relied upon by the auditors.

has been presented as per AS 17 'Segment Information', notified by the Central Government under Companies (Accounting Standards) Rules, 2006

3. Operating leases

The Company enters into leasing arrangements for office premises, guest houses and go down premises in general. The leases are cancellable and are generally for a period of one year. There are no significant conditions, restrictions or contingent rents. The total rental expense recognized in the statement of profit and loss for the period is Rs 1,78,500 (PY - Rs. 19,64,973).

4. Current year losses

Loss of Rs4,02,94,706 is largely on account of finance charges of Rs.3,30,95,528 on borrowings made for deployment in hydel power project, which has yet to commence operations.

5. Employee Benefits

The Company has neither carried out actuarial valuation as required by AS- 15 "Employee Benefits" notified by the Central Government under Companies (Accounting Standards) Rules, 2006 nor provided for Employee benefits as there are no qualifying employees.

6. Deposit Given

The Company has given deposit given to one of the party which is shown under the head Long term loans and advances amounting to Rs 20,00,00,000. The said deposit is given for occupying rent free area in the proposed newly constructed building. However they said project is still on hold by the developer but the management is hopeful of its performance in near future.

7. Recoverability of current assets and loans and advances

In the opinion of the Board, the current assets and loans and advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated and provision for all known and determined liabilities (except wherever otherwise stated) are adequate and not in excess of the amount reasonably necessary. Keeping in view the fact that the investments are of the long-term nature, no diminution in the book value of the said investments is considered during the year.

8. Previous year's figures have been regrouped/ rearranged/ reclassified wherever necessary