*Payment to key management personnel for Salaries and Incentive
 includes to Ashok Kumar Jain (CMD) Rs 3643443 (Previous Year Rs
 8135142) and Anita Gandhi (as Whole Time Director) Rs 2956800 (Previous
 Year Rs 3566905) and to relatives of key management personnel includes
 Shruti Jain Rs 557499 (Previous Year Rs 240000) and Kiran Jain Rs NIL
 (Previous Year Rs 60000).
 
 #Rent paid to Kiran Jain Rs 2205000 (Previous Year Rs 1145000), Ashok
 Kumar Jain HUF Rs 412500 (Previous Year Rs 412500) and Arpit Jain Rs
 412500 (Previous Year Rs 412500).
 
 $Professional fees paid to S.N. Gandhi Rs 660000 (Previous Year Rs
 1280000).
 
 % Sitting fees paid to Sunil kumar Jain Rs 40000 (Previous Year Rs
 40000), Rakesh Jain Rs 40000 (Previous Year Rs 40000) ,Pankaj Kumar
 Gupta Rs 20000 (Previous Year Rs 30000), Paragbhai Shah Rs 40000
 (Previous Year Rs 30000) and Akhilesh Rathi Rs 30000 (Previous Year Rs
 30000).
 
 -Deposit given includes Kiran Jain Rs 1575000 (Previous Year Rs
 1575000), Ashok Kumar Jain HUF Rs 300000 (Previous Year Rs 300000) and
 Arpit Jain Rs 300000 (Previous Year Rs 300000).
 
 1.  Income in foreign currency Rs 20,593 (previous year Rs Nil).
 Expenditure in foreign currency Rs 160699/- (previous year Rs Nil).
 
 2.  Contingent Liability & Capital Commitments
 
 (i) Bank Guarantees of Rs 10 Lacs (Previous Year Rs 10 Lacs) extended
 to Bombay Stock Exchange Limited under the mandatory rules for
 membership and Rs 840 Lacs (Previous Year Rs 1190 Lacs) towards
 additional margin.
 
 (ii) Bank Guarantees of Rs 75 Lacs (Previous Year Rs 75 Lacs) extended
 to National Securities Clearing Corporation Limited under the mandatory
 rules for membership and Rs 2625 Lacs (Previous Year Rs 2750 Lacs)
 towards additional margin.
 
 (iii) Bank Guarantees of Rs 550 Lacs (Previous Year Rs 75 Lacs)
 extended to MCX-SX Clearing Corporation Limited towards additional
 margin.
 
 (iv) Corporate guarantee of Rs 3000 Lacs (Previous Year Rs 1550 Lacs)
 given to banks on behalf of subsidiary M/s Arihant Futures and
 Commodities Limited.
 
 (v) Claims against the Company not acknowledged as debts Rs Nil
 (Previous Year Rs 3.98 Lacs).
 
 3.  Fixed Deposits
 
 Fixed deposits with scheduled banks include Rs 601.50 Lacs (Previous
 Year Rs 120.00 Lacs) which is under the lien of National Securities
 Clearing Corporation Limited, Rs 1.25 Lacs (Previous Year Rs 1.25 Lacs)
 which is under the lien of Bombay Stock Exchange Limited, Rs 351.00
 Lacs (Previous Year Rs 105.00 Lacs) which is under the lien of MCX-SX
 Clearing Corporation Limited.
 
 4.  Disclosures under Micro, Small, & Enterprises Development Act,2006
 
 Under the Micro, Small and Medium Enterprises Development Act, 2006,
 certain disclosures are required to be made relating to Micro, Small
 and Medium Enterprises (SME). The Company is in the process of
 compiling relevant information from its suppliers about their coverage
 under the said act. Since the relevant information is not readily
 available, no disclosures have been made in the accounts. however, in
 view of the management, the amounts due to the suppliers are paid
 within the mutually agreed credit period and therefore, there will not
 be any interest that may be payable in accordance with the provisions
 of the Act.
 
 5.  Securities are normally held by the Company in its own name except
 securities pledged with exchange. Securities, which are not registered
 in the name of the Company, are held by the Company with valid transfer
 documents.
 
 6.  Securities received from clients as collateral for margins are held
 by the Company in its own name in a fiduciary capacity.
 
 7.  Segment Reporting
 
 As per the definition of Business SegmentRs and Geographical
 Segment'' contained in Accounting Standard 17 ''Segment Reporting'' the
 management is of the opinion that the Company''s operation comprise of
 operating in Primary and Secondary market and incidental activities
 thereto, there is neither more than one reportable business segment nor
 more than one reportable geographical segment, and, therefore, segment
 information as per Accounting Standard 17 is not required to be
 disclosed.
 
 8.  Previous year figures
 
 Till the year ended 31st March 2011, the company was using pre-revised
 Schedule VI to the Companies Act 1956, for preparation and presentation
 of its financial statements. During the year ended 31st March 2012, the
 revised Schedule VI notified under the Companies Act 1956, has become
 applicable to the company. The company has reclassified previous year
 figures to conform to this year''s classification.
 
 9.  The Ministry of Corporate Affairs, Government of India, vide
 General Circular No.2 and 3 dated 8th Feb 2011 and 21st Feb 2011
 respectively has granted a general exemption from compliance with
 section 212 of the Companies Act,1956,subject to fulfillment of
 conditions stipulated in the circular. The Company has satisfied the
 conditions stipulated in the circular and hence is entitled to the
 exemption. Necessary information relating to the subsidaries has been
 included in the Consolidated Financial Statements.