(a) Income Tax demand disputed Rs. 17,46,60,436/-(Previous year Rs. 13,43,03,760/-) against which appeals are pending with appropriate authorities.

(b) Claims against the company not acknowledged as debts Rs. 1,58,02,781/- (Previous Year Rs. 1,58,02,781/-)

(c ) Guarantees given on behalf of Related Parties:- NIL/- (Previous Year Rs. 7,00,00,000/-)

2. RELATED PARTY TRANSACTIONS

2.1 List of related parties with whom transactions have taken place and relationship:

a) Companies under direct or indirect common influence:

1. HB Securities Ltd.

2. HB Estate Developers Ltd.

3. RRB Master securities Delhi Ltd.

b) Persons having direct/Indirect significant influence 1. Sh. Lalit Bhasin

c) Key Managerial Personnel

1. Sh. C.P. Singh,Chief Financial Officer

2. Swati Vaish,Company Secretary (w.e.f. 19.08.2014)

b) Minimum lease payments recognised in the statement of profit & loss account during the year ended 31st March 2015 is Rs. 3,22,524/- (Previous Year Rs. 3,22,524/-).

c) General description of the lease arrangement.

The lease is for an initial period of 3 years, which may be renewal for further period as may be mutually agreed upon.

Restrictions imposed by lease arrangement:- - The Lessee shall not sublet or otherwise part with possession of a part or whole of the premise without the previous consent in writing of the lessor.

- The lessee shall use the premises for commercial purposes only.

3. Due to Micro, Small and Medium Enterprises

To the extent information available with the company,it has no dues to the Micro,Small and medium enterprises as at 31st March, 2015 and 31st March, 2014.

4. During the year,the company has revised depreciation rates on fixed assets as per the useful life specified in Schedule II to the Companies Act, 2013. Based on the Current estimates, depreciation of Rs 1,66,773/- on account of assets whose useful life has already exhausted as on April 1, 2014 has been added to the depreciation for the year ended March 31,2015.

5. Litigation

a) The Company is in appeal in respect of various income tax matters.The Contingent liability in respect thereof is disclosed in note no. 19 (a). Besides,in respect of appeals decided in favour of the company,the department is in appeals in certain cases.

b) In respect of block assessment for the period 01.04.1987 to 07.08.1997 the assessing officer,has made an assessment order determining demand of Rs. 15,66,41,461/-. The Company has filed application before Income Tax Settlement Commission wherein, the liability admitted and paid was Rs. 9,00,000/-only.In respect of certain directions passed by one member of Settlement commission, the Company has challenged the legality of such directions before the Hon'ble Delhi High Court which has sought reply from the Income Tax Department and,in the meantime, stayed further proceedings before the Settlement commision.

c) A party has filed a suit for claim of Rs. 1,58,02,718/- with future interest against the company in respect of certain leasing and hire purchases agreements pertaining to more than 20 years back. The Company does not have acknowledge any debt.

In addition,the company is subject to legal proceedings and claims,which have arisen in the ordinary course of business.The Company's management does not reasonably expect that the above legal claims and proceedings, when ultimately concluded and decided will have a meterial and adverse effect on the company's results of operations or financial statements.

6. The Company did not have any long term contracts including derivative contracts for which there were any material foreseeable losses.

7. The Previous year figures have been regrouped/reclassified,wherever necessary to confirm to the Current Year's presentation