a) The Sales Tax Department had raised a demand of Rs.2 93 085/- for the tax Assessment Year 1996-97 which was disputed by the Company. The Honorable Rajasthan High Court had decided the case in favour of the Company against which the Department has filed a Special Leave Petition before the Honorable Supreme Court which is still pending without any decision having been given till date. The Management is confident that the Department's Appeal will be dismissed and hence no provision is made for the same.

b) Claims for taxes and other disputed items against the Company not acknowledged as debt Rs Nil- (Previous Year Rs. NIL/-)

2. Disclosure required under the Micro, Small and Medium enterprises Development Act, 2006

The Company has not received any intimation from Suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures, as required by Scheduled VI to the Companies Act, 1956 have not been made.

3. Deferred Taxation

Deferred tax resulting from "timing difference "between taxable and accounting income is accounted for using the tax rates and laws that are enacted or substantively enacted as on the balance sheet date.

4. The Board of Directors in its meeting held on 13th February 2015 has decided that no remuneration will be paid to the Managing Director for the year ended 3151 March 2015. Hence no provision has been made in the books of accounts for the year ended 31st March 2015 for remuneration payable to the Managing Director.

5. The Company commenced the integrated business of handling, storage and transportation of food grains at Bundi. One of the units commenced its integrated business in the previous year. On completion of the construction of the units, Capital work in progress is transferred to buildings.

6. The Company had filed a Scheme Petition in the High Court of Judicature at Bombay to demerge its business activities of export of rice and warehousing of agri commodities. The Honourable High Court, Bombay has approved the demerger petition on 10th April 2015. However, the Company is awaiting certified copy of Order. Based on the Order of Honourable High Court, Bombay, both the aforesaid business activities will be demerged. R.T. Exports Ltd., the Demerged Company, will continue the business of production and export of rice (Agro Commodities) whereas Asian Warehousing Pvt. Ltd., the resulting Company, will carry on the business of warehousing of agri commodities.

Notes:

i) Asset employed by above geographical segments are common and hence, information about segment wise assets and capital expenditure during the year could not be given.

ii) Segments have been identified and reported taking into account, the differing risk and returns, the organization structure, internal reporting system and Accounting Standard - 17. Accordingly four main Business segments have been identified: Agro products representing Trading of Rice and Investment/Security Transactions, Service and Rent.

iii) Segment Revenue, Results, Assets and Liabilities include the respective amounts identifiable to each of the Segment. Unallocated includes expenses incurred at the corporate level which relates to the Company as whole.

7. Related Party Disclosure

Related Parties

Key Management Personnel

Rashmi C Bhimjyani

Bhavik R Bhimjyani

Rajeshkumar Pillai

Companies Controlled by Key Management Personnel and their relatives

Achintya Exports Pvt. Ltd.

Amity Properties Pvt. Ltd.

Anshul Trading and Investment Pvt Ltd Badrinath Trading Pvt. Ltd.

Blue Diamond Realtors Pvt Ltd Century Agro Farms Land Pvt. Ltd.

Frontier Agri Properties Pvt. Ltd.

Golden Oil Equipments Pvt Ltd.

Kutch Warehouse Pvt. Ltd.

Lighthouse Developers Pvt. Ltd Metropolitan Realtors Pvt. Ltd.

Mountain View Agri Estate Pvt. Ltd.

Neelkanth Agri Vilas Pvt. Ltd.

Neelkanth Cities Pvt. Ltd.

Neelkanth Land Developers Pvt. Ltd.

Neelkanth Life Style Pvt. Ltd.

Neelkanth Palm Realty Pvt. Ltd Neelkanth Realtors Pvt. Ltd.

Neelkanth Realty Pvt. Ltd Kamashi Trading Pvt. Ltd

(Formerly known as Neelkanth Shopping Malls Pvt. Ltd). Neelkanth Township & Construction Pvt. Ltd Neelkanth Woods & Construction Pvt. Ltd Pegasus Assets Reconstruction Pvt Ltd.

R T Agro Pvt Ltd

(Formerly known as Peninsula Gateways Pvt. Ltd).

R. Tulsidas Agro Exports Pvt. Ltd.

R Tulsidas Exports Pvt Ltd R. Tulsidas Agro Products Pvt. Ltd.

Rose Land Infrastructure Pvt. Ltd.

Tiger Warehousing Cold Chain Pvt. Ltd

Trendsetter & Investment Pvt Ltd

Titan Agri Developers Pvt. Ltd.

Urban Rupi Infrastructure Pvt. Ltd.

Harshdip Investment Pvt Ltd

Neelkanth Developers Pvt Ltd

Mukesh holding Pvt Ltd

Bhaveshwar Estate Pvt Ltd

Bhaveshwar Real estate Developers Pvt Ltd

New Look Developers Pvt Ltd

Bhaveshwar Real Estate Pvt Ltd

Avadh Financial Advisory Pvt Ltd

Asian Warehousing Pvt Ltd

Barsana Financial Advisory Pvt Ltd

Chitrakoot Financial Services Pvt Ltd

Kamashi Financial Advisory Pvt Ltd

Murlidhar Financial Advisory Pvt Ltd

Rashbihari Financial Advisory Pvt Ltd

Surshayam Financial Services Pvt Ltd

(Formerly known as Surshyam Trading Pvt. Ltd).

Neelkanth India Housing Pvt Ltd

Neelkanth Property Developers Pvt Ltd.

Neelkanth Realtors & Advisory Services Pvt Ltd

Zen Superstructure LLP R. Tulsidas

Neelkanth Construction Asian Life style Pvt. Ltd.

Jagannath Agri Trading Pvt. Ltd.

Manali Trading and Holdings Pvt. Ltd.

Zahid Properties Pvt Ltd

Related party relationship is as identified by the Company and relied upon by the auditors

The previous year figures have been regrouped/ rearranged wherever necessary.