1. Disclosure under Accounting Standard.:

2. Employee benefit plans

3. Defined contribution plans:

The Company makes Provident Fund contribution and Employee State Insurance Scheme contribution which are defined contribution plans, for qualifying employees. Under the schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognized Rest. 9,32,032/- (P.Y. Nil) for provident fund contributions. The contributions payable to these plans by the Company are at rates specified in the rules of the respective scheme.

4. Defined contribution plans:

The Company makes provision for Employees' Gratuity Scheme for eligible employees. The scheme provides for lump sum payment to eligible employees at retirement, death while in employment or on termination of employment, an amount equivalent to 15 days salary payable for each completed year of service or part thereof in excess of six months. Eligibility occurs upon completion of five years of service.

The Demerged Company "Camson Bio Technologies Ltd" has transferred the liability towards Gratuity and Leave Encashment amounted to Rs. 1,042,193/- and Rs. 499,906/- respectively to Resulting Company "Camson Seeds Limited" on account of demerger.

The present value of the defined benefit obligation and current service cost were measured using the Projected Unit Credit Method, with actuarial valuations being carried out at the balance sheet date.

5. Employees are entitled to accumulation of leave which can be encashed at the time of retirement or termination. The leave encashment benefit scheme is a defined benefit plan and is not funded. Hence, there are no plan assets attributable to the obligation. The Leave encashment liability under defined benefit plan as on 31.3.2016 is Rs. 8,30,960(P.Y: Rs. Nil).

6. Camson Seeds Limited (hereinafter referred to as 'the Company') was incorporated on 4th July 2013. During the year ended 31st March 2016, the assets and liabilities of seeds division of Camson Bio Technologies Limited ( hereinafter referred to as 'the demerged Company') have been transferred to the Company from appointed date 1st April 2014, as a result of the Scheme of Arrangement ("the Scheme") under Section 391 to 394 of the Companies Act 1956, sanctioned by order dated 31st July 2015 of Hon'ble High Court of Karnataka with effective date 1st September, 2015.

In accordance with the said Scheme and as per High Court's approval:

7. All assets, properties, debts, liabilities, rights and obligations of the demerged undertaking of the Demerged Company shall be transferred to and deemed to be those of the company without any further act or deed.

8. All proceedings by or against the Demerged Undertaking of the Demerger Company pending before any court, Tribunal or any other authority, on the appointed date and relating to the property, rights, powers, liabilities, obligations and duties shall be continued and may be enforced by or against the Company.

In consideration for the vesting of the Seeds business undertaking from the demerged Company, the Company i< The amount equivalent to the value of net assets pertaining to Seeds business is Rs. 1,17,02,48,600/- which is ac Consequent to the terms of the Scheme the assets and liabilities have been received by the Company during the year and hence the financial statements of the Company for the year ended March 31, 2016 strictly not comparable with the figures of the previous year ended March 31, 2015.

9. Consequent to the discontinuance of trading of seeds, the Company has assessed the recoverability and written off the trade receivables amounting to Rs. 41,75,42,284/

10. Previous year's figures have been regrouped or reclassified wherever necessary to correspond with the current year classification or disclosure.