Iktib Securities and Investment Ltd Notes forming part of the financial
 statements
 
 1) In the opinion of the Management, the Current Assets and Loans and
 Advances arenot less than the value stated, if realised in the ordinary
 course of business. .
 
 2) Figures of the previous year have been regrouped and recast wherever
 necessary so as to make them comparable with those of the current year.
 
 4) The Company has no outstanding dues to small-scale industrial
 undertakings as on 31st March, 2012
 
 5) (A) The Company is contingently liable to HDFC Bank, Fort Branch for
 Rs. 400,00 Lakhs (PY Rs. 425.00 Lakhs) towards Bank Guarantees issued
 by the bank in favour of The Bombay Stock Exchange, and NSCCL against
 which Bank is holding Fixed Deposits of Rs. 87.50 Lakhs (PYRs.  106.25
 Lakhs).
 
 The Company is contingently liable to the Directors for the collateral
 personal guarantee given by th§m for the same.
 
 (B) The Company is contingently liable on account of Gratuity up to
 31/03/2012 is Rs. 1,904,856/-(PY Rs. 1,838,044/-) '' Other benefits like
 leave encashment are accounted on accrual basis.
 
 (C) The Company is contingently liable to Director for the Guarantee
 given to HDFC Bank for Overdraft Facility upto Approx Rs. 3.00 Cr (P.Y.
 3.00 Cr).
 
 (D) Fixed Deposit of Rs 62.50 Lacs pledge with the bank for availing
 Short Term Loan of Rs125.00 Lacs (P.Y. Rs 75.00 Lacs)
 
 6) Overdraft Account with the bank is secured by personal guarantee of
 Directors as well as the flat belonging to Director.
 
 7) Related Party Disclosures are as per Annexure ''A''.
 
 8) Other Information pursuant to Schedule VI of the Companies Act, 1956
 is either Nil or Not Applicable.
 
 3) Details of shares held by the holding company, the ultimate holding
 company, their subsidiaries and associates. NIL
 
 4) The Company has only one class of shares referred to as equity
 shares having par value of Rs. 10/-; each holder of equity shares is
 entitled to one vote per share.
 
 5) The dividend proposed by the Board of Directores is subject to the
 approval of the shareholders in the Annual General Meeting except in
 case of intreim dividend.
 
 6) In event of fiquidation of the company the holders of equity shares
 will be entitled to receive any of the remaining assets of the Company,
 after the distribution of all preferential amounts, in proportion to
 the number of equity shares held by shareholders.
 
 7) Details of shares held by each shareholder holding more than 5%
 shares: