1.  Disclosure required by Clause 32 of the Listing Agreement:
 
 The Company has advanced interest free loan of Rs. 1,35,00,000/- during
 the year to its 100% subsidiary company namely Messrs.  Airport Golf
 View Hotels and Suites Private Limited, Kochi.
 
 2.  Advances recoverable in cash / kind / for value to be received
 includes Rs.85,95,62,166/-(Rs.54,05,04,712/-), being advance given for
 investments in Immovable Properties.
 
 3.  Compensation received Rs.3,57,50,000/- included in Schedule 13 -
 Other Income represents the amount received from M/s. Embassy Property
 Developments Ltd. (Developers) for delay in handing over the Property.
 
 4.  Liabilities written back Rs.38,90,676/- (Rs.33,11,278/-) is after
 netting off of irrecoverable advances of Rs.6,69,036/- (Rs.33,23,000/-)
 written off during the year.
 
 5.  Considering the nature of operations of the Company, it is not
 practicable to give quantitative details of turnover and consumption in
 terms of the requirement under Part-II of Schedule - VI to the
 Companies Act, 1956.
 
 6. Related Party Disclosures :
 
 (A) Related Parties and their Relationships :
 
 (I) Subsidiary:
 
 Airport Golf View Hotels & Suites Private Limited
 
 (II) Others :
 
 1.  Kapi Investment Ink Limited, Mauritius, Shareholder.
 
 2.  M.K.Trading L.L.C. , Dubai, UAE a Company in which Chairman of the
 Company is a shareholder.
 
 3.  C. Pardhanani''s Education Trust, a Trust in which the Chairman of
 the Company is a Trustee.
 
 4.  Pardhanani International Investments And Holdings Private Limited
 
 a Private Company in which the Chairman of the Company is a Director
 Managing Director of the Company is a Director and shareholder.
 
 5.  Pardhanani International Properties Private Limited
 
 a Private Company in which the Chairman of the Company is a Director
 and Managing Director of the Company is a Director and shareholder.
 
 6.  Sanko Properties Private Limited
 
 a Private Company in which the Chairman of the Company is a Director
 and Managing Director of the Company is a Director and shareholder..
 
                                                   2011        2010
 
                                                 Rupees      Rupees
 
 7. Contingent Liabilities :
 
 a) Disputed Income Tax Liability against 
 which Appeals are pending
 
 (i) Assessment Year 1997-98                   9,55,691    9,55,691
 
 (ii) Assessment Year 2001-02                  9,54,168    9,54,168
 
 iii) Assessment Year 2007-08                 14,90,801   14,90,801
 
 Crv) Assessment Year 2008-09                 27,01,461           -
 
 8.  Estimated amount of contract remaining to be executed on capital
 account not provided for Rs. 1000.70 lacs (Rs.20.94 lacs)
 
 9. In the absence of information as regard to the status /
 classification of the Relevant enterprises into Micro, Small and Medium
 Enterprises, information as Required under Notification No. GS.R719[E]
 dated 16.11.2007 issued by the Department of Company Affairs in respect
 of the total amount payable at the end of the year to the Sundry
 Creditors could not be disclosed.
 
 10. Confirmation of balances has not been received from parties covered
 under Sundry Debtors, Loans and Advances and Current Liabilities.
 
 11. Previous year''s figures have been regrouped / rearranged wherever
 necessary.