b. Rights attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs. 100/- per share. Each holder of equity shares is entitled to one vote per share. 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. The distribution will be in proportion to the number of equity shares held by the shareholders.

Note 1. Borrowings from RBL Bank Limited is secured by way of hypothecation on receivables of the project at "Zandu Sigma Estates", 70 Gokhele Road, Dadar, Mumbai 400025 coupled with the corporate guarantee by the related party. Repaid on 16th October, 2015.

Note 2. Following the accounting policies for revenue recognition, the Company has recognised revenue attributable to 3270 sq.ft. carpet area in relation to the project at 70 Gokhele Road, Mumbai 400025 and as such the proportionate Revaluation Reserve amounting to Rs.7,36,91,109/- has been transferred to Statement of Profit and Loss.

Note 3. Contingent Liabilities not provided for in respect of:

Disputed Direct Taxes of Rs.42,70,869/- (Rs.42,40,427/-) net of advances.

Note 4. The Company operates in a single Business Segment i.e. Real Estate Development.

Note 5. Previous year's figures have been rearranged or regrouped wherever necessary.