- Note: The cash credit facility is availed from IDBI Bank Limited and secured by pledge of fixed deposits.

- Considering the Company has been extended credit period up to 45 days by its vendors and payments being released on a timely basis, there is no liability towards interest on delayed payments under The Micro, Small and Medium

Enterprises Development Act, 2006" during the year.

There is also no amount of outstanding interest in this regard, brought forward from previous years. The above information is on basis of intimation received, on request made by the Company, with regards to vendors registration under the said act.

(1) Under previous GAAP, provision for taxation was presented as a part of short term provisions. Under Ind AS, provision for taxation is shown as net off against current tax assets. There is no impact on the total equity or profit as a result of this adjustment.

(2) Under the previous GAAP, dividends proposed by the Board of Directors after the Balance Sheet date but before the approval of the financial statements were considered as adjusting events. Accordingly, provision for proposed dividend was recognized as a liability. Under Ind AS, such dividends are recognized when the same is approved by the shareholders in the general meeting. Accordingly, the liability for proposed dividend and tax thereon, included under provisions has been reversed with corresponding adjustment to retained earnings.

(1) Under the previous GAAP, investments in fixed maturity plans and other mutual funds were classified as long-term investments or current investments based on the intended holding period and reliability. Long-term investments were carried at cost less provision for other than temporary decline in the value of such investments. Current investments were carried at lower of cost and fair value. Under Ind AS, these investments are required to be measured at fair value. The resulting fair value changes of these investments have been recognized in the Statement of Profit and Loss for the year ended 31 M arch 2017.

(2) Under the previous GAAP, dividends proposed by the Board of Directors after the Balance Sheet date but before the approval of the financial statements were considered as adjusting events. Accordingly, provision for proposed dividend was recognized as a liability. Under Ind AS, such dividends are recognized when the same is approved by the shareholders in the general meeting. Accordingly, the liability for proposed dividend and tax thereon, included under provisions has been reversed with corresponding adjustment to retained earnings.

(3) Under previous GAAP provision for taxation was presented as a part of short term provisions. Under Ind AS provision for taxation is shown as a deduction from current tax Assets. There is no impact on the total equity or profit as a result of this adjustment

36. Related party disclosures:

Related party disclosures, as required by IND AS - 24 "Related Party Disclosures are given below!

The Company has identified all the related parties having transactions during the year, as per details given below:

(i) List of related parties

Individual exercising control or significant influence.

Directors ! Mr. Ravi K umar Krishnamurthi (Chairman)

; Mr. Prakash K umar Verdia

I Mr. Roshan Lal Nagar

M anaging Director and relatives . Mr. Madhav D oshi

: M rs. Riddhima Doshi

Whole 'time Director . Mr. Sudhir D oshi

(ii) In respect of the outstanding balance recoverable as at March 31, 2018, no provision for doubtful debts is required to be made. During the year, there were no amounts written off or written back from such related parties.

(iii) Transactions, etc. with Related Parties

1. There are no amounts due and outstanding to be credited to Investor Education and Protection Fund.

2. Previous year figures have been regrouped wherever necessary.

3. Figures have been rounded off to nearest Rupees.