C. Rights, preference and restrictions attached to shares

The Company has only one class of shares referred to as equity shares having a par value of Rs.10 each. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares wilt be entitled to receive any of the remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders,

Application money paid towards tocurttttt:

On September 11,2017, the company entered into an agreement to acquire equity and preference shares of SNAP HUNT PTE LTD, Singapore and paid an amount of Rs 10,666,70/-. Subsequently r the company was alloted 14,506 optionally convertible preference shares and 6,447 ordinary shares on 24th April 2018. Post this allotment the company holds 26% of the share capital of the investee company on a fully diluted basis.

1.00 Account payables to the various parties have not been confirmed by the company, the same are subject to confirmation and reconciliation. Pending such conformations and reconciliations, the impact on the financial statement is not ascertainable and quantifiable.

1.01 Gratuity & Leave Encashment

Gratuity & Leave Encashment is provided in books of Accounts on the basis of actuary valuation as done by an Actuary Valuer. (Refer Note 4 A 9)

c The estimates of future salary increases, considered in actuarial valuation, takes account of inflation, seniority, promotion and other relevant factors.

d Disclosure in respect of defined contribution plans:

Payment to and provisions for employees include Rs. 6,99,094 (P.Y. Rs. 61,261} recognised as an expense in respect of defined contribution plans of PF, ESIC, LWF

e Defined Benefit Plan

Gratuity cost amounting to 13,90,750 (P.Y.: 2,42,247) recognised as an expense in respect of defined benefit plans. Out of the said amount Rs. 3,19,073/- has been booked as prior period expsftses^-.

1.02 Operating Lease

A) Operating lease is entered into for the office premises. The lease payments for the year ended 31 March, 2018 charged to statement of profit and loss amounts is Rs. 32,87,856/ Previous year (Rs. 12,60,000) which includes Rs 1,04,572 ( Previous year nil) towards provision for straight lining of lease rental.

2) Minimum Lease Payment

The total minimum lease payment for Bangalore office premises are as follows

As per the management, there is no contingent liability as on balance sheet date ‘ ( Previous year - nil)

Balance confirmation email have been issued to parties for confirmation of balances with the request to confirm or send comment by stipulated date failing which balance as indicated in the email would 27.04 k® taken as confirmed. Confirmations have been received in many cases. However, no adverse communication received from any party, which requires any adjustments to accounts balances. Account payables to the various parties for which confirmations are not received are subject to final confirmation and reconciliation. Pending such confirmations and reconciliations, the impact on the financial statement is not ascertainable and quantifiable.

The Company have given unsecured Inter Corporate Loans for the Business purpose. Interest is provided on same @ 9

3.01 94 p a wh|ch is calculated on simple interest basis. Of the total interest income of Rs, 6,98,223/- a sum of Rs. 3,15,123/ -is a prior period income.

3.02 Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with the current year’s classification / disclosure.