1 Security for Term Loans from Banks / Institutions / Others :
 
 1.1 All the Term Loans / Corporate Loans for construction projects are
 secured by equitable / registered mortgage of specific immovable
 properties and are also secured by a hypothecation charge on the
 Company''s movables at the respective sites
 
 1.2 The term loans for acquisition of vehicles are secured by
 hypothecation of the respective vehicles.
 
 1.3 The charges securing the term loans obtained from Bank of
 Maharashtra, Central Bank of India, Indian Overseas Bank and Kalyan
 Janata Sahakari Bank include a collateral pari passu charge on a
 specific immovable property.
 
 1.4 Repayment of all the term loans and payment of interest thereon is
 personally guaranteed by the Company''s Chairman & Managing Director and
 in certain cases, other specified individuals.
 
 1.5 The cash credit limit from Bank of Maharashtra is secured by
 personal guarantee of the Company''s Chairman & Managing Director and
 other specified individuals. The said limit is also collaterally
 secured by mortgage of some immoveable properties.
 
 1.6 The Promoters have pledged 63,05,210 (P.Y. 38,75,805) equity shares
 held by them in order to secure loans advanced to Company by certain
 lenders for the purposes of the Company''s business
 
 4 Investments in Subsidiary: In the opinion of the management, no loss
 is expected to arise in respect of investments for which an additional
 provision is required
 
 5 Current assets, loans and advances: In the opinion of the management
 the current assets, loans and advances are stated at the value which
 will be realized if they are sold in the ordinary course of the
 Company''s business.
 
 8 Amounts due to Investor Education & Protection Fund: As at the
 balance sheet date, there are no amounts due and outstanding to this
 Fund.
 
 9 Contingent Liabilities not provided for:              Rs. Lacs
 
                                                2010-11       2009-10
 
 a) Claims against the Company not 
 acknowledged as debts                               -             -
 
 b) Guarantees                                       -             -
 
 c) Guarantee is respect of secured loans 
 obtained by subsidiary                       10,884.00     10,884.00 
 
 Balance of secured loans as at 31/03/2011    10,124.47      8,510.06
 
 d) Tax Matters under appeal                     958.27        748.83 
 
 e) Cases filed against the Company              721.06        796.64
 
 Estimated amount of contracts remaining to be
 f) executed on capital account                       -             -
 
 g) Bills discounted by the Company''s suppliers  500.00        500.00
 
 Balance on 31/03/2011                           497.90        497.96
 
                                              13,063.33     12,929.47
 
 19 Disclosure for assets taken on lease as per AS 19:
 
 The Company has entered into operating lease arrangements for office
 space at Pune, Mumbai, Chennai and Bangalore.There are no future
 minimum lease payments under non-cancellable operating leases as all
 the lease arrangements are cancellable at the option of lessee.
 
 ii) General description of the lessee''s significant leasing
 arrangements:
 
 Certain lease arrangements provide a clause for price escalation.
 
 20 Disclosure for assets given on lease as per AS 19:
 
 The company has given its land on operating lease to its subsidiary,
 DSK Global Education & Research Pvt Ltd for a period of 99 years.
 
 21 The company has not so far entered into any finance lease as at the
 balance sheet date.
 
 22 Related Party Disclosures:
 
 (I) The Company has identified following related parties:
 
 A Subsidiaries:
 
 (i) DSK Developers Corporation
 
 (ii) DSK Woods LLC
 
 (iii) DSK SEZ Projects (Pune) Private Ltd.
 
 (iv) DSK Global Education and Research Pvt. Ltd.
 
 (v) DSK Southern Projects Pvt. Ltd.
 
 B Jointly Controlled Entities
 
 i) DSK Tricone Infrastructure and Construction Ltd.
 
 C Key Management Personnel
 
 (i) Mr. D. S. Kulkarni Managing Director
 
 (ii) Mrs. J. D. Kulkarni Whole-time Director
 
 (iii) Mr. S. D. Kulkarni Executive Director
 
 D Relatives of Key Management Personnel having control or significant
 control over the Company by reason of voting power.
 
 None
 
 E Companies / Other Organisations under the control of KMP / relatives
 where transactions are entered into and / or outstanding balance exists
 as at the Balance sheet date:
 
 (i) Amit & Company
 
 (ii) Calcutta Boarding House
 
 (iii) D. S. Kulkarni Constructions Pvt. Ltd.
 
 (iv) DSK Developers Corporation
 
 (v) DSK Digital Technologies Private Limited
 
 (vi) DSK Global Education & Research Pvt Ltd
 
 (vii) DSK Infotech Private Limited
 
 (viii) DSK Motors Limited
 
 (ix) DSK Sales & Services
 
 (x) DSK SEZ Project ( Pune ) Pvt Ltd
 
 (xi) DSK Southern Projects Pvt. Ltd.
 
 (xii) DSK Tricone Infrastructure and Construction Ltd.
 
 (xiii) DSK Worldman Computers Private Limited
 
 (xiv) Hexagon Capital Services Private Limited
 
 (xv) Mangesh Agencies
 
 (xvi) Sanjeevani Developers
 
 (xvii) Shri Saptashrungi Oil Mills Pvt. Ltd.
 
 F Companies / Other Organisations under the control of KMP / relatives
 where no transactions are entered into and / or no outstanding balance
 exists as at the Balance sheet date.
 
 (i) Ambiance Ventures Estates & Development Pvt. Ltd.
 
 (ii) Ascent Promoters & Developers Private Limited
 
 (iii) DSK Woods LLC
 
 (iv) Gharkul
 
 (v) Greengold Farms & Forests Pvt. Ltd
 
 (vi) Growrich Agroforestry Private Limited
 
 (vii) Holyland Agroforestry Private Limited
 
 (viii) Sapphire Promoters & Developers Private Limited
 
 (ix) Telesmell