2. The Revised Schedule VI as notified under the Companies Act, 2013 has become applicable to the company for the presentation of its Financial Statements for the year ending March 31, 2015. The adoption of Revise Schedule VI requirements has significantly modified the presentation of disclosure which have been within these Financial Statements. Previous year figures have been regrouped/rearranged wherever necessary to confirm to the current year grouping.

3. Contingent Liability is not provided for is 'NIL'.

26. All Debit and Credit balance and accounts squared up during the year are subject to confirmation from respective parties.

4. RELATED PARTY DISCLOSURES :

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below :

(i) List of Related Parties where control exists and Related Parties with whom transactions have been taken place and relationships :

No. Name of Related Party Relationship

1   KGN Greens Limited                Subsidiary Company

2   KGN Proteins Limited              Subsidiary Company

3   KGN Bio-Tech Limited              Subsidiary Company

5   KGN Industries Limited            Enterprise over which Key
                                      Managerial Personnel are able to
                                      exercise significant influence

6   Ismail Memon                      Chairman

7   Babulal J Hirani                  Managing    Director

8   Mohsin Memon                      Director