Notes:

1. Under the previous GAAP, Retention Receivables and interest-free financial assets were accounted for at transaction price. Under Ind AS, such Retention Receivables and interest-free financial assets are to be measured at Fair value on Initial Recognition with reference to the Market rates and the difference is to be accounted as pre-payment which will be unwound over the period of retention/financial assets.

2. Under the previous GAAP, Retention Payables and interest-free financial liabilities were accounted for at transaction price. Retention Payables and interest-free financial liabilities are to be measured at fair value at inception with reference to market rates and the difference is to be recognised as Deferred Fair Valuation Gain and to be unwound over the period of such retention monies/liabilities.

3. The Company has chosen to value certain property at its fair value on the transition date with the resultant impact being recognised in retained earnings.

4. Under previous GAAP, investments properties are not depreciated. Under Ind AS, the investment properties are to be depreciated over its useful life prospectively.

5. Under previous GAAP .the Company has created allowance for doubtful debts based on its estimation.Under lnd AS.the allowance for credit loss has been made based on Expected Credit Loss (ECL) provision matrix.

6. Under previous GAAP, long-term investments were carried at cost. Under Ind AS, the Company has chosen to measure its quoted equity instruments at fair value through OCI and investments in subsidiaries have been measured at fair value through OCI.

7. Under previous GAAP, the Company has not recognised the finance guarantee contracts. Under Ind AS, the such contracts are to be accounted for as Investment at Fair value and Subsequently, this guarantee is to be measured at the higher of an amount determined based on the expected loss method (as per guidance in Ind AS 109) or the amount originally recognised less, the cumulative amount recognised as income on a straight-line basis in accordance with Ind AS 18, Revenue. 8.Under Ind AS, actuarial gain/loss on defined benefits plan is recognised in the statement of Other Comprehensive Income.

9. Prior period adjustments represent errors on account of omissions in the previous GAAP financial statements and accordingly as per the guidance given in Ind AS 8, the equity as per previous GAAP has been restated retrospectively as if a prior period error had never occurred.

10. Tax adjustments include the tax effects of certain pre-tax previous GAAP to Ind AS adjustments described above.

36. Disclosures pursuant to Ind AS 107 "Financial Instruments - Disclosures" : Financial Instruments - Fair Values and Risk Management a) Accounting Classification and Fair Values

The following table shows the financial assets and financial liabilities by category and Management considers that carrying amounts of financial assets and financial liabilities recognised in the financial statements at amortized cost represent the best estimate of fair value:

b) Fair value hierarchy

The following table provides the fair value measurement hierarchy of the Company's assets and liabilities

Notes:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

Level 2 inputs are inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. There have been no transfers between the levels during the period.

Financial instruments carried at amortised cost such as trade receivables, loans and advances, other financial assets, borrowings, trade payables and other financial liabilities are considered to be same as their fair values, due to short term nature.

For financial assets & liabilities that are measured at fair value, the carrying amounts are equal to the fair values. 37. Disclosures pursuant to Ind AS 107 "Financial Instruments - Disclosures" : Financial Risk Management Objectives and Policies

The Company's principal financial liabilities comprise loans and borrowings, trade and other payables. The main purpose of these financial liabilities is to finance and support Company's operations. The Company's principal financial assets include investments, inventory, trade and other receivables, cash and cash equivalents.

The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the management of these risks. The senior management ensures that the Company's financial risk activities are governed by appropriate policies and procedures and that financial risks are identified. measured and managed in accordance with the Company' s policies and risk objectives.which are summarised below:

A. 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 comprises two types of risk: interest rate risk and other price risk, such as equity price risk and commodity risk. The Company has no exposure to commodity prices as it does not deal in derivative instruments whose underlying is a commodity. Financial instruments affected by market risk include loans and borrowings.

a. Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company's exposure to the risk of changes in market interest rates relates primarily to the Company's long-term and short-term debt obligations with floating interest rates. The Company has the policy of managing its interest rate risk by having a balanced portfolio of fixed and variable rate loans and borrowings. As all the borrowings from the banks and financial institutions were restructured (CDR scheme was implemented in FY 2015 and Scheme for sustainable structuring of stressedassets-S4A implemented in FY 2018), the interest rates were fixed for all kinds of borrowings and hence changes in market interest rates do not significantly affect the Statement of Profit and Loss for the years ended 31 March 2018 and 31 March 2017.

B. Credit risk

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. It principally arises from the Company's Trade Receivables and WIP, Retention Receivables, Cash & Cash Equivalents, Advances made and Other Investments

a. Trade Receivables and WIP:

(i) Trade receivables are typically unsecured and are derived from revenue earned from customers. Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. The company is not exposed to concentration of credit risk to any

one single customer. Default on account of Trade Receivables happens when the counterparty fails to make contractual payment within the due date.

(ii) WIP consist of Work done and Billed/ Certified (RA Bills), Work done unbilled and expected certification. Generally, recoveries towards RA Bills are received as per the terms. Further for amounts overdue are constantly monitored by the management and provision towards expected credit loss are made in the books.

(iii) Trade receivables are impaired in the year when recoverability is considered doubtful based on the recovery analysis performed by the company for individual trade receivables or based on the interpreting on certain clauses in the Concession Agreement.

(iv) Management estimates of expected credit loss for the Trade Receivables/WIP are provided below:

b. Retention Receivables

Retention receivables refer money withheld by the customers as per the terms of the arrangement which is a common business practice in this industry .Company closely monitors the retentions due as per the terms of the arrangement and do not foresee any major risk with respect to its recovery.However .the management makes an assessment of recovery over the period and provide for the credit loss as stated under Trade receivable and WIP.

c. Cash and cash equivalents

The credit risk on cash and cash equivalents (excluding cash on hand) is limited because the counter parties are banks with good credit ratings.

d. Bank Balances other than Cash and cash equivalents

The credit risk on Bank Balances other than Cash and cash equivalents is limited because the counterparties are banks with good credit ratings.

e. Investments and Loan & advances

Investments and Loans are with group company in relation to the project execution hence the credit risk is very limited. Where Management estimates any major risk with respect to its recovery, financial loss on such loans provided are estimated and impaired.

C. Liquidity Risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company also constantly monitors funding options available in the debt and capital markets with a view to maintain financial flexibility.

The table below summarizes the maturity profile remaining contractual maturity period at the balance sheet date for its financial liabilities based on the undiscounted cash flows.

38. Disclosures pursuant to Ind AS 107 "Financial Instruments- Disclosures" : Capital Management

For the purpose of the Company's capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders. The objective of the company's capital management is to safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and benefits other stakeholders and maintain an optimal capital structure to reduce the cost of capital. The company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. The company monitors capital structure using gearing ratio, which is net debt divided by total equity plus net debt. The company includes within net debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents.

In order to achieve this overall objective, the Company's capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and borrowings. For the financial years ended 31 March 2018, 2017 & 2016, banks had not called immediately any loans and borrowings.

39. Disclosure pursuant to Ind AS 19"Employee Benefits" a) Defined Contribution plans:

Contribution to Defined contribution plans, recognized as expense for the year is as under

(in Rs.Lakhs)

b) Defined Benefit plans:

The Company has one Defined Benefit Plan - Gratuity (funded through Insurance Company)

The gratuity plan is governed by the Payment of Gratuity Act, 1972. Under the act, employee who has completed five years of service is entitled to specific benefit. The level of benefits provided depends on the member's length of service and salary at retirement age.

Change in Projected benefit obligation

(in Rs. Lakhs)

* Past Service Cost has been reliably estimated in order to give effect to change in upper ceiling limit on gratuity amount under the Payment of Gratuity Act, 1972 from Rs. 10 Lakh to Rs. 20 Lakh w.e.f 29th March 2018 vide Payment of Gratuity (Amendment) Act, 2018.

Amount recognized in the Balance Sheet

Net Gratuity cost for the year ended

(in Rs. Lakhs)

For determination of the liability of the Company, the following actuarial assumptions were used:

(in Rs. Lakhs)

These assumptions were developed by management with the assistance of independent actuarial appraisers. Discount factors are determined close to each year-end by reference to government bonds of relevant economic markets and that have terms to maturity approximating to the terms of the related obligation. Other assumptions are based on management's historical experience.

Sensitivity Analysis

The sensitivity analysis given below have been determined based on a method that extrapolates the impact on projected benefit obligation as a result of reasonable changes in key assumptions occurring at the end of the reporting period.

The following payments are expected contributions to the projected benefit plan in future years:

Rs. in lakhs

c) These plans typically expose the Company to actuarial risks such as: investment risk, longevity risk and salary risk Investment risk

The present value of the defined benefit plan liability is calculated using a discount rate determined by reference to the market yields on government bonds denominated in Indian Rupees. If the actual return on plan asset is below this rate, it will create a plan deficit.

Longevity risk

The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will increase the plan's liability.

Salary risk

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

Regulatory Risk

Legislative risk is the risk of increase in the plan liabilities or reduction in the plan assets due to change in the legislation / regulation. The government may amend the Payment of Gratuity Act thus requiring the companies to pay higher benefits to the employees. This will directly affect the present value of the Defined Benefit Obligation

40. Un-hedged Foreign Currency Exposures

There are no foreign currency exposures as at March 31, 2018 (March 31, 2017-Nil, 1 April 2016-Nil) that have not been hedged by a derivative instruments or otherwise.

41. Segment Information

The Chief Operating Decision Maker reviews the operations of the Company as a provider of construction and infrastructural service, which is considered to be the only reportable segment by the Management. Further, the Company's operations are in India only.

42. Additional information pursuant to Schedule III of the Companies Act, 2013 ? in lakhs

43. Disclosures pursuant to Ind AS 11 "Construction Contracts"

Rs. in lakhs

44. Related Parties

44.1. Balances Outstanding

(Rs. in lakhs)

44.2. Transactions during the year

*As the liability for gratuity is provided on actuarial basis for the Company as a whole, the amounts pertaining to the related parties are not included above.

44.3 Particulars of Loans and Advances in the nature of loans as required by Clause 32 of the Listing Agreement

Rs.in lakhs)

45. Commitments and Contingent Liabilities Rs. in lakhs

46. Recent Accounting Pronouncements

Appendix B to Ind AS 21, Foreign currency transactions and advance consideration:

On March 28,2018, Ministry of Corporate Affairs ("MCA") has notified the Companies (Indian Accounting Standards) Amendment Rules, 2018 containing Appendix B to Ind AS 21, Foreign currency transactions and advance consideration which clarifies the date of the transaction for the purpose of determining the exchange rate to use on initial recognition of the related asset, expense or income, when an entity has received or paid advance consideration in a foreign currency. The amendment will come into force from April1, 2018. The Company has evaluated the effect of this on the financial statements and the impact is not material.

Ind ASI 15-Revenue from Contract with Customers: On March 28,2018, Ministry of Corporate Affairs("MCA") has notified the lnd AS1 15, Revenue from Contract with Customers. The core principle of the new standard is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Further the new standard requires enhanced disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity's contracts with customers. The standard permits two possible methods of transition:

• Retrospective approach - Under this approach the standard will be applied retrospectively to each prior reporting period presented in accordance with Ind AS 8-Accounting Policies, Changes in Accounting Estimates and Errors

• Retrospectively with cumulative effect of initially applying the standard recognized at the date of initial application (Cumulative catch - up approach)

The effective date for adoption of Ind AS 115 is financial periods beginning on or after April 1, 2018. The Company will adopt the standard on April 1, 2018 by using the cumulative catch-up transition method and accordingly comparatives for the year ending or ended March 31, 2018 will not be retrospectively adjusted. The effect on adoption of Ind AS 115 is expected to be insignificant.

47. Going Concern Status

The Standalone financial statements for the year ended March 31, 2018 indicate that the Company has negative net worth as at 31.03.2018. Further, the Company has incurred net cash losses in the current financial year and in the immediate preceding financial year. These conditions may cast doubt about the Company ability to continue as a going concern. However, the Management is looking out for potential investors to raise cash either by selling non-core assets or otherwise to meet its various financial obligations and with approved S4A scheme in place, the

Based on the expert opinions obtained, the Company had been advised not making any provision in the Accounts.The above amounts do not include penalties, if any, that may be levied by the authorities when the disputes are settled.

7 In the absence of profits during the year, the requirement of payment of Trade License Fee to the partnership firm, Samruddhi Holdings, owning the trade name/Logo (Triple C) will not arise for the year under reference.

8 Indian Bank had initiated action u/s 134 of the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act, 2002), in respect of property situated at Nedungudram Village measuring to an extent of 133 cents out of 553 cents being used as Godown by the Company. Aggrieved with this the Company filed an appeal before Madras High Court for an injection restraining Indian Bank against further proceedings. Madras High Court issued an injunction order restraining Indian Bank against initiating any proceedings and also directed to deposit '120 Lakhs with the Registry as directed and the same is _______accounted under the' Non-Current Security Deposits 'in our books of Accounts.____________________________________________

(c) The Company enters into construction contracts with its vendors. The final amounts payable under such contracts will be based on actual measurements and negotiated rates, which are determinable as and when the work under the said contracts are completed.

(d) The Company has made commitment to subscribe to further capital in certain subsidiaries based on operational requirements of such subsidiaries.

6 Demands raised on the Company by the respective authorities are as under

Company expects improvement in the overall level of Operations and further there structuring proposal is under active consideration by the lenders of the subsidiary companies and expects liquidity position to improve. In view thereof, and expecting favourable market conditions in future, the Standalone Financial Statements have been prepared on a "going concern basis" and no adjustment has been made to the carrying value of assets and liabilities.

48. Others

Balances of Debtors, Creditors, Advances, and Deposits etc are subject to confirmation and reconciliation if any.

49. Subsequent Events

There are no significant subsequent events that would require adjustments or disclosures in the financial statements as on the balance sheet date.

50. Comparatives

These financial statements are the Company' s first lnd AS financial statements and accordingly previous year figures have been regrouped where necessary to conform to current year's classification.