1. SHARE CAPITAL AND SHARE WARRANTS
 
 On 05th August, 2009, the Company has allotted 15,50,000 convertible
 equity warrants to Persons forming part of Promoter Group and a Body
 Corporate on preferential basis at a total exercise price of
 Rs.89/-(including premium of Rs.79/-).  These warrants were allotted in
 accordance with SEBI (Issue of Capital & Disclosure Requirements)
 Regulations, 2009. At the time of allotment of the aforesaid
 convertible equity warrants, the Company has received 25% of total
 exercise price, Rs.22.25 per convertible equity warrants to the tune of
 Rs.3,44,87,500/-. On 16th March, 2010, Persons forming part of Promoter
 Group has converted 4,30,000 convertible equity warrants in to equal
 no. of fully paid up equity shares on payment of balance exercise price
 of Rs.66.75/- per convertible equity warrants and were allotted
 4,30,000 fully paid up equity shares. The said allotment has resulted
 in to increase the paid up share capital of the Company from 70,50,000
 equity shares of Rs. 10/- each to 74,80,000 fully paid up equity shares
 of Rs.10/- each.
 
 During the year on 03.02.2011, the persons forming part of promoter
 group and a body corporate have converted outstanding 11,20,000
 convertible equity warrants in to equal no. of fully paid up equity
 shares on payment of balance exercise price of Rs.66.75/- per
 convertible equity warrants and were allotted 11,20,000 fully paid up
 equity shares. The said allotment has resulted in to increase the paid
 up share capital of the Company from 74,80,000 fully paid up equity
 shares of Rs.10/- each to 86,00,000 fully paid up equity shares of
 Rs.10/- each.
 
 The total proceeds from the aforementioned preferential issue have been
 utilized in Company''s Project.
 
 2.  LIABILITIES AND ASSETS
 
 Sundry Debtors, Sundry Creditors and loans and advances are subject to
 confirmation.
 
 3.  SECURED LOANS
 
 Nature of Security.
 
 Term Loans / Project loans from Banks and Financial Institutions are
 secured by hypothecation of fxed assets, current assets and mortgage of
 certain lands and projects of the Company and its Subsidiaries. The
 said loan further secured by personal guarantees of Managing Director
 and whole time Director.
 
 The above joint venture entities are incorporated in India.  The
 Company''s share of the assets and liabilities as on 30.09.2011 and
 income and expenses for the year in respect of joint venture entities
 based on audited/ unaudited accounts are considered for consolidation.
 
 Individuals owning directly or indirectly, an interest in the voting
 power of the reporting enterprise and relatives of any such individual:
 
 a) Conservation of Energy:
 
 For the purpose of conservation of energy, the company has commissioned
 a device named Power factor, which reduces the consumption of energy.
 The company has also taken initiative to reduce the power and fuel
 consumption.
 
 d ) Quantitative Information
 
 Quantitative and other disclosures as require by the paragraph 3(ii) of
 Schedule VI to the companies Act 1956 are not provided. The company is
 engaged in the business Of real estate development. The company has
 applied for obtaining an exemption with regard to the aforementioned
 disclosures.
 
 4.  DIVIDEND FOR PREVIOUS YEAR
 
 The proposed final dividend for the previous year was Rs. 74,80,000.
 However the shareholders of the Company at the AGM held on 31.03.2011
 had not approved the payment of the same. The aforesaid Proposed
 Dividend has been added back to Reserves during the current year.
 
 5.  Previous year figures have been regrouped/ rearranged wherever
 necessary in the balance sheet.
 
 6.  SCHEDULE TO ACCOUNTS
 
 Schedule I to XVIII form an integral part of the balance sheet and
 profit & loss account and are duly authenticated.