1.  Certain disputes have arisen with the owners of land with whom the
 Company has entered into a joint venture agreement in respect of Menon
 Eternity Project. The land owners have filed criminal complaint before
 the Metropolitan Magistrate against the Company, the Managing Director
 and certain officials of the Company. The Madras High Court has stayed
 the matter. The land owners have also filed a civil suit and interim
 applications.  The Madras High Court has dismissed all the interim
 applications and the main suit is pending. The High Court has appointed
 single retired judge of the Madras High Court as the sole Arbitrator.
 The Company has made claim of Rs. 99,847,408 while the land owners has
 made a counter claims aggregating to Rs. 629,755,353 which has been
 refuted by the Company by filing a rejoinder. Subsequently as per the
 interim order of the sole Arbitrator the Company has given the
 possession of area belonging to the land owners on receipt of Rs.4.82
 crores being refundable deposits from them along with a bank guarantee
 of Rs.1.66 crores to be deposited with Arbitrator and the matter is
 pending. In view of the management, the claims of the land owners are
 frivolous and are not sustainable. Accordingly claims are not
 acknowledged as debts.
 
 2.  CONTINGENT LIABILITIES
 
 a) Outstanding Letter of Credit Rs. Nil. (Previous year Rs. Nil)
 
 b) Claims against the Company not acknowledged as debt is Rs.Nil
 (Previous year Rs.Nil)
 
 3.  Capital commitment - Nil (Previous Year Nil)
 
 4.  The Company is in the business of Property Development. The details
 required to be disclosed as per para 4C and para 4D of Part II of the
 Companies Act, 1956 have been furnished to the extent applicable to the
 Company:
 
 6.  The Company is in the process of compiling the relevant information
 from its creditors about their coverage under Micro, Small and Medium
 Enterprises Development Act, 2006 (MSMED). None of the enterprises
 have responded till date regarding their status under the said Act.
 
 7.  EMPLOYEE BENEFITS
 
 The present value of the defined benefit obligations and the related
 current service cost were measured using the Projected Unit Credit
 Method, with actuarial valuations being carried out at each balance
 sheet date. The following table provides the disclosures in accordance
 with Revised AS 15 for the year ended and as at March 31, 2011.
 
 8.  Borrowing costs amounting to Rs. 23,586,411 (Previous Year - Rs.
 25,186,282) have been capitalized as part of respective qualifying
 assets.
 
 9.  SEGMENT REPORTING
 
 As permitted by paragraph 4 of Accounting Standard-17 (AS - 17),
 Segment Reporting, if a single financial report contains both
 consolidated financial statements and the separate financial statements
 of the parent, segment information need be presented only on the basis
 of the consolidated financial statements. Therefore, disclosures
 required by AS 17 are given in consolidated financial statements.
 
 11.  RELATED PARTY DISCLOSURES
 
 As per the Accounting Standard 18 Related Party Disclosures, issued
 by the Institute of Chartered Accountants of India, the Companys
 related parties and transactions are disclosed below:
 
 A.  Under the control of the Company:
 
 1.  Subsidiaries:   a) Lancor Maintenance & Services Limited
 
                     b) Lancor Realty Limited
 
                     c) Lancor Projects Limited
 
                     d) Lancor Guduvanchery Developments Limited
 
 2.  Joint Ventures  a) Central park West Venture
 
 12. Leases
 
 In the Capacity as a Lessor
 
 a) The significant lease arrangements in terms of AS 19 entered into by
 the Company are in respect of constructed premises which have been
 given on rental and office premises which have been taken on lease.
 
 12. Leases
 
 In the Capacity as a Lessor
 
 b) The Cost of building includes buildings given on lease estimated at
 Rs.433,542,231 (previous year Rs. 433,325,606) and Accumulated
 Depreciation Rs.25,527,337(previous year Rs. 18,365,420). There is no
 impairment in respect of these assets.
 
 c) The Cost of other assets given on lease is given below. There is no
 impairment in respect of these assets.
 
 In the Capacity as a Lessee
 
 Rental Expenses debited to Profit & Loss Account amounted to Rs.
 2,545,042(Previous Year - Rs. 2,694,022).
 
 14.  DEFERRED TAX ASSETS / (LIABILITIES) (NET)
 
 Pursuant to Accounting Standard 22 ~ Accounting for Taxes on Income
 as prescribed in Companies Accounting Standard Rules, 2006, the Company
 has recorded the cumulative net Deferred Tax Asset as at 31st March
 2011 of Rs. 1,980,083 and Rs.398,898 has been debited to the profit &
 Loss account.
 
 16. In compliance with the Accounting Standard relating to Financial
 Reporting of Interest In Joint Ventures (AS 27), as prescribed in
 Companies Accounting Standard Rules, 2006, the Company has interest in
 a jointly controlled entity (Partnership Firm).
 
 As stated above, the Company is also partner in one partnership firm
 which is formed in India.
 
 Financial interest of the Company in the jointly controlled entities is
 as under, (before inter Company eliminations)
 
 17. Disclosure as required by clause 32 of listing agreement with the
 stock exchange
 
 Note: No loans have been granted by the Company to any person for the
 purpose of investing in the shares of the Lancor Holding Limited or any
 of its subsidiaries.
 
 18.  Previous years figures have been regrouped, reclassified and
 recast wherever considered necessary so as to confirm with the current
 years figures.