The Registered Office of the company is situated at ST-4, Press House, 22 Press Complex, A.B Road, Indore.

Sylph is a leading software technology company in India, providing software development services & solutions with services such as outsourcing software development, web development, product development, strategy consulting, offshore software development, e-commerce for web and mobile enablement. We have a deep domain expertise, which we leverage to provide high quality solutions and services.

The Company has acquired rights for the Publication of a 25 year old Newspaper. Test run has been done and commercial operations started during the year.

2. (i) Terms/Rights attached to equity Shares

Equity Shares: The company has one class of equity shares having par value of Rs.10 per share. Each share holder is eligible for one vote per share held. In the event liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

(ii) Preferential Allotment of convertible warrants : During the year company has issued Equity Warrants on Preferential basis to Non Promoters of Rs. 162.50 Lacs and to Promoter of Rs. 13.85 lacs.

3. Related Party Disclosures

In accordance with accounting standard 18 " Related Party Disclosure" issued by the Institute of Chartered Accountant of India, and notified under the Company's Accounting Standard Rules, 2006 the names of the Related Parties and the relevant disclosure is as under: a) Name of the related party and description if relationship :

1 Key Managerial Persons

1. Rajesh Jain

2. Shantilal Jain

2 Relative of Key Managerial Persons

1. Jayshri Jain

4. Pursuant to accounting standard 28 " Impairment of Assets" issued by the Institute of Chartered Accountants of India, the company has reviewed its carrying cost of assets with value in use (determined based on future earnings ) and Net realizable value on an approximate basis. Based on such review, the management is of the view that in the current financial year, Provision for impairment of assets is not considered necessary.

5. Various items included under the head Current Assets, Loan & Advances, as well as Current Liabilities are subject to confirmation / reconciliation.

6. In the opinion of the Management, the value on realization of loans and advances, and other current assets will be at least equal to the amounts stated in the books of accounts, if realized in the ordinary course of the business.

7. Segment Reporting a) Business Segment :

(i) The segment reporting policies complies with the accounting policies adopted for preparation and presentation of financial statements of the company and in conformity with accounting standard-17 on segment reporting issued by ICAI.

(ii) The company operates in segments namely software development and share trading, News Paper Printing & Publishing During the period the company has operated only in segments i.e. software development News Paper Printing & Publishing. Hence the entire revenue and expenses pertains to this segment.

8. Contingent Liabilities & Commitments

Corporate guarantee given on behalf of Company Nil Nil

Any other contingent liability                     Nil     Nil