1.  The company operates as an Investment Company and consequently is
 registered as a Non-Banking Financial Institution (non-deposit taking)
 with Reserve Bank of India.
 
 2.  Signifcant Accounting Policies followed by the Company are as
 stated in the Statement annexed to this schedule.
 
 3. Contingent Liability, not provided for:
                                                        (Rs in Lakh)
 
                                             2011           2010
 
 Income Tax Matters under dispute              
 
 i. Appeal by the Company                   9,091           9,901
 
 ii. Appeal by the Department              19,572          19,572
 
 
 b) There are no transactions during the year, the information of which
 is required to be disclosed under para 4D of Part II of Schedule VI of
 the Companies Act, 1956.
 
 4.  Investments:
 
 a.  Investments made by the Company other than those with a maturity of
 less than one year, are intended to be held for a long-term, hence
 diminution in the value of quoted investments are not considered to be
 of a permanent nature. On an assessment of the non-performing
 investments (quoted and unquoted) and keeping in mind the relevant
 provisioning norms applicable to the company as a NBFC and the
 guidelines adopted by the management, no further provision has been
 determined during the year ended 31 March 2011.
 
 b.  Disclosure of details of Investments in Schedule 4 annexed to the
 Accounts is made in accordance with the approval of Department of
 Company Afairs, Ministry of Law, Justice & Company Afairs, Government
 of India, under Section 211(4) of the Companies Act, 1956, vide its
 letter dated 24.01.2011.
 
 5.  In absence of any information, on requests to the vendors with
 regards to their registration (fling of Memorandum) under “The Micro,
 Small and Medium Enterprises Development Act, 2006. (27 of 2006)” and
 in view of the terms of payments not exceeding 45 days, no liability
 exists at the close of the year and hence no disclosures have been made
 in this regard.
 
 6. Future minimum lease rental in respect of assets
 
 (i) given on operating lease in the form of ofce premises after April
 1, 2001 
 
 Minimum future lease payments as on March 31, 2011: 
 
 Receivable within one year - Rs 17 lakh (Rs 17 lakh) 
 
 Receivable between one year and five years - Rs Nil (Rs 15 lakh) 
 
 Receivable after fve years - Rs Nil (Rs Nil)
 
 (ii) The company has not taken any asset under an operating lease
 arrangement.
 
 7. The disclosures required in terms of paragraph 13 of Non-Banking
 Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms
 (Reserve Bank) Directions, 2007 are given in the Annexure forming part
 of these Financial Statements.
 
 8. Disclosure of transactions with Related Parties, as required by
 Accounting Standard 18 Related Party Disclosures has been set out in
 a separate statement annexed to this Schedule. Related parties as
 defned under clause 3 of the Accounting Standard have been identifed on
 the basis of representations made by key managerial personnel and
 information available with the Company.
 
 9. a) The consolidated financial information/ statements of the
 company and its group are attached to these independent financial
 statements. The details of the group regarding the nature of
 relationship and the basis of consolidation can be referred to in Note
 No. 1 to the said consolidated financial statements.
 
 b) The Companys business activity, including its subsidiaries and
 joint ventures, falls within a single business segment i.e.  investment
 and therefore, segment reporting in terms of Accounting Standard 17 on
 Segment Reporting is not applicable.
 
 10. Amounts less than Rs 50,000 have been shown at actuals against
 respective line items statutorily required to be disclosed.
 
 11. Previous years fgures have been regrouped in the balance sheet
 wherever necessary to make them comparable with those of the current
 year.