1. Corporate Information:

Prime Property Development Corporation Limited (“The Company”) is a public company, incorporated under the provisions of the Companies Act 1956, The Company is registered on the Bombay Stock Exchange in India. The registered office of the company is located at 101, Soni House, Plot No. 34, Gulmohar Road No.1, Juhu Scheme, Vile Parle West, Mumbai - 400049.

The Company is principally engaged in the business of real estate and property development.

Note: 2

Other additional disclosures

i. Capital Commitments:

The Company does not have any capital commitments as on 31.03.2018

ii. Remuneration to Employee:

The Company has no employee in receipt of remuneration exceeding the limits prescribed under the Companies Act 2013,

iii. Foreign Exchange Earnings & Outgo:

The details of Foreign Exchange earnings / outgo are as below:

iv. Employees Benefit Plans:

During the year company has made provision for the gratuity by adopting actuarial valuation. Company has not made any contribution to any gratuity fund, The following table sets out the status of gratuity valuation for the year ended 31st March, 2018.

v. Segment Reporting:

The Company has mainly one reportable business and one geographical segment and hence no further disclosure is required under Ind-AS 10 -Operating Segments.

xi. Miscellaneous

The Company has reclassified & regrouped previous year's figures to conform to this year's classification.