Megri Soft Limited is a public and profitable company and is among leading information technology consulting, services and Web Solutions organization that envisioned and pioneered the adoption of the flexible global business practices that today enable companies to operate more efficiently and produce more value. Megri Soft achieved this by creating and perfecting the global expertise and delivering high quality, high value services and products in IT consulting and Web Development which have helped reshape business and deliver competitive advantage. Most of Megri Soft's customers reward the company's reliability, passion, creativity and unique ability to handle the broadest range of their Web Services needs by continually extending and deepening their partnerships with Megrisoft.

The Company is a public Limited Company Incorporated and domiciled in India and has its registered office at Chandigarh, India. The company has its primary listing on BSE Limited.

2. Terms/Rights attached to equiy shares

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share. The company declares and pay dividend in Indian rupees. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company in proportion to their shareholding.

Note 3

Current Assets, Loans & Advances:

In the opinion of the Board, current assets, loan and advances have a value at least equal to the amount shown in the balance sheet, if realized in the ordinary course of the business. The provisions for all known liabilities are made and not in excess of the amount considered reasonably necessary.

Note 4 Impairment

In the view of management no impairment conditions existed on 31st March, 2015, Hence, no provision is required in the accounts for the year under review.

Note 5 Sitting Fees:

No Sitting Fees has been paid to non-executive directors during the period under review.

Note 6

Contingent Liabilities

There are no contingent liabilities as on the date of financial statements so no disclosures are required.

Note 7

Foreign Exchange Earnings

The particulars regarding foreign exchange earnings during the year of Rs. 334.88 Lacs only (Previous Year Rs. 423.48 Lacs) and expenditure in foreign currency is Rs. 49.28 Lacs only (Previous year 44.85 Lacs).

Note 8

Foreign Travelling Expenses

Rs. 6.88 Lacs was incurred on foreign traveling during the financial year under review as compared to Rs. 7.79 Lacs during the preceding financial year. Out of 6.88 Lacs 3.79 lacs was incurred on foreign travelling expenses of director.

Note 9

Auditor's Remuneration

Auditors remuneration for the financial year 2014-15 is Rs.30000 (Previous Year Rs. 30000)

Note 10

Related Party Disclosures: March 31, 2015

A) Names of related parties and description of relationship as identified and certified by the Company as per the requirements of Accounting Standard - 18 specified under Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014 and where control exists for the year ended March 31, 2015:

Sr.No.    Name of Related Party                Relationship

1.     Mr. Mohnesh Kohli                Promoter Director & Person
                                        having significant influence

3. Ms. Aprajita Kohli (Director)

                                        Relative of person having
                                        significant influence

5. Mr. Austin Kohli

6.     Mr. M.L. Kohli

7.     Mr.. Rajnesh Sharma              Key Managerial Personnel

8.     MS. Shaveta Sharma               Relative of Key Managerial
                                        Personnel

Previous Year Figures Regrouping/Reclassification

Previous year figures have been regrouped/reclassified to conform to the current year classification.