1.  Contingent Liabilities not provided for in respect of : 
 
                                                    (Amount in Rs.)
 
 Particulars                                    As at        As at          
                                               31st March, 
                                               2011         31st March,
                                                            2010
 
 Bank Guarantee (jointly with two other
 guarantors) in favour of 
 M/s Ashika Stock                         10,00,00,000/-   7,50,00,000/-
 Broking Limited, Company in 
 which two of the
 directors are interested. 
 Aggregate value
 
 2.  Sundry Debtors (Schedule - 6) includes
 
 a) Rs.27,59,118 (P.Y. 7,50,61,893) receivable from M/s. Ashika Stock
 Broking Ltd., a Company in which two of the directors are interested.
 
 b) Rs.97,56,989 (P.Y. Nil) receivable from M/s. Ashika Commodities &
 Derivatives Pvt. Ltd. a Company in which two of the directors are
 interested.
 
 3.  Other Current Assets (Schedule -8) Includes Interest accrued on
 Securities Margin Rs.  43,36,833/- (P.Y. Nil) receivable from M/s.
 Ashika Commodities & Derivatives Pvt. Ltd, a Company in which two of
 the directors are interested.
 
 4.  The Company has not received any memorandum (as required to be
 filled by the suppliers with the notified authority under the Micro,
 Small and Medium Enterprises Development Act, 2006) claiming their
 status as on 31st March, 2011 as micro, small or medium enterprise.
 Consequently the amount paid/payable to these parties during the year
 is Nil. (P.Y. Nil).
 
 Note: - Deferred Tax Assets on carried forward capital loss is not
 recognised in view of uncertainty of it''s recovery.
 
 Note: (i) Remuneration paid to Managerial Personnel is within the limit
 specified in Part II to Schedule XIII to the Companies Act, 1956.
 
 (ii) Provision for gratuity in respect of above Managerial Personnel is
 not included above, as actuarial valuation is done on an overall basis.
 
 5. Since the Board had deferred the matter in relating to the proposed
 Further Public Offer (FPO) by the Company, expenses relating to such
 issue incurred so far has been kept as such under the head''
 Miscellaneous Expenditure'' and will be written off or adjusted in the
 year of Issue of shares.
 
 6.  Segment Reporting :
 
 Segment information for the year ended 31st March, 2011. Primary
 Segment information (by business segment)
 
 Note:
 
 a) The Company operates in only one geographic segment i.e. ''within
 India'' and hence no separate information for geographic segment vide
 disclosure is required.
 
 b) Segment revenue, results, assets and liabilities include amounts
 identifiable to each segment and amounts allocated on a reasonable
 basis.
 
 c) The accounting policies adopted for segment reporting are in line
 with the accounting policies adopted for preparation of financial
 information as disclosed in (A) above.
 
 Note: The above figures are exclusive of Rs. 2,20,600/- (P.Y. Rs.
 29,781/- (the figure are inclusive of service tax), being the
 certification fees paid and included under the ''Share Issue Expenses''.
 
 Note : The entire Closing Stocks are held at a nominated warehouse of
 National Spot Exchange Limited.
 
 7.  Employee Benefits :
 
 The Company has provided for gratuity liability based on actuarial
 valuation done as per the projected unit method. Every employee who has
 completed five years or more of service is entitled to Gratuity on
 terms not less favorable than the provisions of The Payment of
 Gratuity Act, 1972. The scheme is unfunded.
 
 The following tables summarize the components of net benefit expenses
 recognized in the Profit & Loss Account and amounts recognized in the
 balance sheet for the respective plan.
 
 8.  Related Parties Disclosures :
 
 Related parties disclosures, as stipulated by Accounting Standard - 18-
 Related Party Disclosures, issued by ICAI, are given below:
 
 a) List of Related Parties :
 
 i) Key Management Personnel:
 
 Mr. Pawan Jain, Managing Director.
 
 Mr. Daulat Jain, Director.  ii) Enterprises owned by Key Management
 Personnel or their Relatives:
 
 Ashika Stock Broking Ltd.
 
 Ashika Global Securities Ltd.
 
 Ashika Capital Ltd.
 
 Ashika Commodities & Derivatives Pvt. Ltd.
 
 Ashika Global Finance Pvt. Ltd.
 
 Ashika Insurance Broking & Risk Management Pvt. Ltd.
 
 Ashika Venture Capital Pvt. Ltd.
 
 Ashika Forex Services Pvt. Ltd.
 
 Ashika Share Trading Pvt. Ltd.
 
 Ashika Hedge Fund Pvt. Ltd.
 
 Ashika Properties Pvt. Ltd.
 
 Ashika Technology Pvt. Ltd.
 
 Ashika Wealth Management Pvt. Ltd.
 
 b) Transactions with Related Parties :
 
 Aggregate Related Party Transactions as at 31st March, 2011
 (Transactions have been taken place on arm''s length basis.)
 
 Notes : Figures in brackets represent figures of previous year.
 
 9.  None of the Fixed Assets of the Company are considered impaired as
 on the Balance Sheet date.
 
 10.  Schedule in terms of Paragraph 13 of Non-Banking Financial (Non
 Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank)
 Directions, 2007 is annexed hereto separately.
 
 11.  Previous year''s figures have been rearranged or regrouped wherever
 deemed necessary to conform to current year presentation.
 
 12.  Current Year Business Profile and Balance Sheet Abstract are
 annexed hereto.
 
 * represents the investments in unquoted equity shares which are taken
 at their respective bookvalue in absence of availability of break-up
 zvalue as on 31st March, 2011 of the invested companies.