i.  Contingent Liabilities:
 
                                                      Rs. in Lakhs
 
                                             2010-2011  2009-2010
 
 1 Claims against the Company not 
 acknowledged as debts.
 
 - Disputed Tamil Nadu Government Sales Tax      36.89    72.36
 
 - Disputed Kerala Government Sales Tax          62.01    62.01
 
 - Disputed Income Tax and Wealth Tax            30.85     0.18
 
 2 Bank Guarantees                            5,421.40 6,205.64
 
 3 Bank Guarantees given to client on 
 behalf of                                    1,981.18   671.18
 Subsidiary Company
 
 4 Corporate guarantee given to clients       3,109.09 3,010.27
 
 5 Corporate guarantee given to 
 bank for non- fund                           5,000.00 5,000.00
 based facilities of Subsidiary Companies
 
 6 Bank Guarantees given on behalf of Jointly   900.00   900.00 
 Controlled Entity
 
 7Outstanding Letter of Credit                  302.45   123.64
 
 ii.  The Company has been sanctioned bank overdraft facility, cash
 credit facility and non-fund based facilities (including Letter of
 credit) by commercial banks. The Company has pledged fixed deposit of Rs.
 500.00 Lakhs (PY Rs. 500.00 Lakhs) for overdraft facility and Rs. 1,243.00
 Lakhs (PY Rs. 1,010.00 Lakhs) for non-fund based facilities, with the
 banks as security. In addition cash credit facility and non - fund
 based facilities are further secured by way of equitable mortgage over
 its office premises at Mumbai, hypothecation of book debts and personal
 guarantee of one of the directors of the Company.
 
 iii.  Estimated amount of contracts (net of advances) remaining to be
 executed on capital account and not provided for amounts to Rs. 3,502.71
 Lakhs (PY Rs. 400.31 Lakhs).
 
 iv.  In the opinion of the management, the debtors and loans & advances
 have a realisable value in the
 
 ordinary course of business not less than the amount at which they are
 stated in the balance sheet and provision for all known liabilities and
 doubtful assets have been made.
 
 v.  As per the intimation available with the Company, there are no
 Micro and Small Enterprises, as defined in the Micro, Small and Medium
 Enterprises Development Act, 2006, to whom the Company owes dues on
 account of principal amount together with interest and accordingly no
 additional disclosures have been made.  This information regarding
 Micro, Small and Medium Enterprises have been determined to the extent
 such parties have been identified on the basis of information available
 with the Company. This has been relied upon by the Auditors.
 
 vi.  Additional information under part II of Schedule VI to the
 Companies Act, 1956 has been given to the extent applicable to the
 Company for the period:
 
 vii.  During the last year the Company had received Rs. 13,326.67 Lakhs
 net of Share Issue Expenses as Initial Public Offering.  Out of this an
 amount of Rs. 9,882.32 Lakhs (PY Rs. 13,326.67 Lakhs) is unutilised at the
 end of the year. The Company has invested Rs. 9,882.32 Lakhs (PY Rs.
 12,578.56 Lakhs) in Mutual Funds and Rs. NIL in Fixed Deposits (PY Rs.
 700.00 Lakhs) and Rs. NIL (PY Rs. 48.11 Lakhs) is lying in Current Account.
 
 x.  The Companys operations predominantly consist of construction /
 project activities. Hence there are no reportable segments under
 Accounting Standard-17. During the year under report, the Company has
 engaged in its business only within India and not in any other Country
 The conditions prevailing in India being uniform, no separate
 geographical disclosures are considered necessary
 
 xi.  Disclosure required pursuant to Accounting Standard - 18 Related
 Party Disclosures prescribed by the Companies (Accounting Standards)
 Rules, 2006 is as under:
 
 (a) Names of related parties and description of relationship:
 
 1.  Subsidiary and Associate Concerns:
 
 Subsidiary Company            Man Projects Limited
                               Man Ajwani Infraconstruction Limited 
                               Man Nirmal Infraconstruction Limited 
                               Man Realtors and Holdings Pvt. Ltd.
 
 2.  Key Management Personnel & Relatives: 
 Key Management personnel
 
       Managing Director           Parag K Shah
 
       Whole Time Director         Suketu R Shah
 
       Relatives                   Kishore C Shah
 
                                   Indira K Shah
                                   Mansi P Shah
                                   Jesal S Shah
                                   Purvi M Shah
                                   Manish M Shah
                                   Sudeep R Shah
                                   Rameshchandra F Shah
 
 3.  Associates and Joint 
 Ventures of the Company         : DB Man Realty Limited
 
 4.  Enterprises in which 
  Key Management                 - Conwood Pre-Fab Limited
 Personnel and/ or their 
 relatives have
 Significant Influence:          - Parag K Shah-HUF
 
                                 - M/S Man Ratna Developers
 
                                 - Winsome Properties Limited
 
                                 - Dynamix- Man Pre-Fab Limited
 
 xiii.  Disclosure required pursuant to Accounting Standard - 19 -
 Leases prescribed by Companies (Accounting Standards) Rules, 2006 is
 as follows:
 
 a) Operating Lease Payment:
 
 The Company has taken various residential premises under cancellable
 operating leases.  Lease rental expense in respect of operating leases:
 Rs. 46.22 Lakhs (PY Rs. 41.16 Lakhs)
 
 b) Operating Lease - Receivables:
 
 The Company has let out commercial premises under non-cancellable
 operating leases.
 
 xvi. The Company has long term investments in Joint Venture aggregating
 to Rs. 30.00 Lakhs (PY Rs. 27.00 Lakhs).The book value per share of this
 Company as per their last Audited Balance Sheet is substantially lower
 than cost per share to the Company. However, having regard to the
 long-term involvement in this Company, no provision is considered
 necessary.
 
 xviii. Figures in respect of the previous year have been regrouped
 wherever necessary and possible to make them comparable with those of
 the current year.