(B) NOTES FORMING PART OF THE ACCOUNTS

1. Deferred Tax

For the current year, a sum of Rs. 52,51,376/-(Previous year - Rs. 10,93,770/-) has been recognized as a deferred tax in the Profit & Loss Account and the same has been credited to the Deferred Tax Asset a/c in the Balance Sheet.

As on March 31, 2018, deferred tax on account of timing difference on depreciation of fixed assets . and provision for gratuity was Rs. 2,95,99,473/- (Previous year-Asset Rs. 3,48,50,849/-).

2.’ As of March 31,2018, the Company had no outstanding dues to small-scale industrial undertakings (Previous Year Rs. Nil).

3. The company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the yearend together with interest paid/payable under this Act have not been given.

4. In the opinion of the Board, Current Assets, Loans & advances have the value on realization in the ordinary course of business at least equal to the amount at which they are stated.

5. The company pledges Investments towards margin requirement for trading in equity / derivatives.

6. Bank Overdraft represents Credit facility for Pay in, pay out and margin requirements

7. The National Stock Exchange and Bombay Stock Exchange have a lien on Fixed Deposits which have been kept for Margin and Base Capital Requirements.

8. Expenditure in foreign currency

(a) Current Year-Travelling - Rs. 1.80 Lakhs (Previous year-6.93 Lakhs)

9. Employee Benefits

Defined Benefit Plans as per Actuarial Valuation as at March 31,2018

10. Related party disclosure has been made as per Accounting Standard 18 issued by the Institute of Chartered Accountants of India, asunder:

Related Party Relationship

Associate Enterprises

Wallfort Properties Pvt. Ltd.

Wallfort Commodities Pvt. Ltd.

Wallfort Share & Stock brokers Pvt. Ltd.

‘ B & S Silver LLP

Key Management personnel

.Ashok Bharadia Deepak Lahoti 'Manoj Bharadia

Relatives of key management personnel

Abhishek Maheshwari Radhakishan Bharadia

Aditya Maheshwari Radhakishan Bharadia HUF

Aditi Bharadia Ramdevi Lahoti

Aniket Bharadia Ramkumar Bharadia

Ashok Bharadia HUF Ramkumar Bharadia HUF

Damoderi Bharadia Rashmi Lahoti

Deepa Bharadia Ritika Bharadia

Deepak Lahoti HUF Sangeeta Bharadia

Kamladevi Bharadia Sarita Maheshwari

Manoj Bharadia HUF Shrivallabh Bharadia

Megha Bharadia Shrivallabh Bharadia HUF

Moolchand Lahoti Shyamsunder Bharadia

Moolchand Lahoti HUF Shyamsunder Bharadia HUF

Neha Bharadia Sunil Bharadia

Pankaj Lahoti . Sunil Bharadia HUF

Pankaj Lahoti HUF Tulsiram Bharadia HUF

Poonam Lahoti Vandana Bharadia

Pratik Bharadia Vijay Bharadia

15. Segment Reporting

The company is engaged in single segment and there are no separate reportable segments as defined in AS -17.

17. The figures have been rounded off to the nearest rupee.

18. The previous year's figures have been recast / restated, wherever necessary, to conform to the current year's classification.