The Company has only one class of equity shares having face value of Rs, 10 per share. Each holder of equity shares is entitled to one vote per share. Equity shares holders are also entitled to dividend as and when proposed by the Board of Directors and approved by Share holders in Annual General Meeting. In the event of liquidation of the Company, the holders of Equity shares will be entitled to receive remaining assets of the Company, after distribution of all Preferential amounts which shall be in proportion to the number of shares held by the Shareholders.

Note: The Company has not received the required information from suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence, disclosure relating to amounts unpaid as at the yearend together with interest paid / payable as required under the said Act have not been made.

* Note: 1) Indicates that the amount has been deposited in accordance with the order dated 18.11.2008 of the High Court of Chennai. The matter is still pending final disposal with Supreme Court. (Refer Note: 22) 2) The maturity period is of more than 12 months.

Note 2. CONTINGENT LIABILITIES:

a) The Electricity Department Pondicherry has filed a special leave petition before the Supreme Court of India, challenging the findings of the Madras High Court in respect of demand towards Electricity Charges of Rs, 17,78,51,077/- (includes interest of Rs, 12,10,85,645/-) since converted into a civil Application. Subsequently the matter has been referred to Supreme Court, Lok Adalat, where it is pending for hearing and disposal. The Company has been legally advised that the case can be successfully contested/defended and hence no provision is made.

b) The Company has not provided in the Accounts disputed claim of Rs, 1,34,00,000/- towards demurrage charges (in addition to interest on the said claim) relating to import of scrap for which the appeal before the Supreme Court is pending disposal. The Company has been advised that no liability will be fastened on the Company, based on the facts and circumstances of the case. However, an amount (along with Interest over the years) of Rs, 86,53,116/- is lying deposited with HDFC Bank Ltd. in accordance with the directions of the Supreme Court vide order dated 18th November, 2008 (See Note 11).

Note 3. The Company has not been carrying on any operations. Hence information pursuant to AS-17 on "Segment Reporting" is not applicable to the Company.

Note 4. The Company has suspended its operation. In view thereof and in consideration of prudence, the Company has not recognized Deferred Tax Asset in respect of set off of available losses and timing differences.

Note 5. No provision for taxation is necessary, in view of the accumulated losses incurred over the years.

Note 6. EMPLOYEE BENEFITS OBLIGATIONS:

As per Accounting Standard 15 "Employee Benefits", the disclosures as defined in the Accounting Standard are given below:

Defined Contribution Plans:

The Company offers its employees defined contribution plan in the form of provident fund, family pension fund and superannuation fund. Provident fund, family pension fund cover substantially for all regular employees. Contributions are paid during the year into separate funds. While both the employees and the Company pay predetermined contributions into the provident fund and pension fund, no fund has been created by the Company for gratuity. The Company's contribution to the provident fund and family pension fund has been charged to Statement of Profit and Loss.

Defined Benefit Plans:

The company offers its employees defined benefit plans in the form of gratuity (a lump sum amount). Benefits under the defined benefit plans are based on years of service and the employees last drawn salary immediately before exit. The gratuity scheme covers substantially all regular employees. However the Company has not created any fund in accordance with the scheme. Commitments are actuarially determined at year end. On adoption of the revised Accounting Standard (AS 15) on "Employee Benefits", actuarial valuation is done based on "Projected Unit Credit Method". Gains and loss of changed actuarial assumptions are charged to Statement of Profit & Loss. The obligation for leave Encashment benefits is recognized in the manner similar to Gratuity.

The Company has not created any fund into which contributions are made. Hence furnishing of information on Return on Plan Assets does not arise.

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary.

vi) The expected contributions for Defined Benefit Plan for the next financial year will be in line with FY 14-15.

Note 28 Additional information as required under Section 186 (4) of the Companies Act, 2013 during the year:

(a) No investment made in Body Corporate.

(b) No Guarantee is given by the Company.

Note 7. The figures of the previous year have been reworked, regrouped, rearranged and reclassified, wherever necessary to conform to the current year presentation.