1. Contingent liabilities not provided for in respect of:
(Rs. in mio)
Year ended
March Year ended
March
31,2011 31,2010
Claims against the Company not acknowledged
as debts 115.73 81.28
Bank guarantees
In respect of the Company 1,125.23 1139.13
In respect of subsidiaries 577.34 655.29
In respect of joint venture company 43.74 78.89
In respect of others 0.25 0.15
Counter guarantees 45.00 45.00
Corporate guarantees in respect of wholly
owned subsidiary companies 3,611.60 2,561.60
Disputed tax amounts:
Sales tax 82.70 68.45
Service tax 29.10 29.10
Income tax (net of excess provision made
earlier) 864.96 Nil
Writ Petition filed by Income Tax Department
against order of settlement Amount Amount
commission before Delhi High Court unascert
-ainable unascert
-ainable
Disputed differential Interest Liability Nil 7.20
Certain civil cases preferred against the
Company in respect of Not
quantifiable Not
quantifiable
labour laws, specific performance of
certain land agreements, etc. and
disputed by the Company
2. Ason31!t March, 2011,asumof Rs.3.21 mio (Rs.3.22 mio) is
outstanding to be refunded to the applicants who were not/partly
allotted the shares in initial public offer. Such amount aggregating to
Rs.3.21 mio (Rs.3.22 mio) is lying in the separate bank account of the
company. The said amount has also been shown as Unclaimed share
application money in Schedule No. 13. This does not include any
amount, due and outstanding, to be credited to the Investor Education
and Protection Fund as per the provisions of the Companies Act, 1956.
3. Determination of revenues under ''Percentage of Completion method''
necessarily involves making estimates by management for percentage of
completion, cost to completion, revenues expected from projects,
projected profits and losses. These estimates being of a technical
nature have been relied upon by the auditors.
4. The Company had in earlier years granted interest free loan of
Rs.527.98 mio to one of its wholly owned subsidiary Company
incorporated outside India namely Rohtas Holding (Gulf) Ltd (RHGL),
which in turn had given such loan amount to two SPV''s incorporated
outside India namely Marine Sands Ltd (MSL) and Golden Crescent Red and
General Trading Limited (GCRGTL) for carrying out real estate projects
outside India. GCRGTL has since exited from proposed real estate
project. Accordingly RHGL has repaid a sum of Rs.342.39 mio to the
Company. The exchange fluctuation gain on such realisation of Rs.1 7.72
mio has been taken to other income. In the opinion of management of the
Company, the amount advanced to Marine Sands Ltd through RHGL is good,
as there are fair chances of revival of real estate project in MSL.
5. Balances of sundry debtors, sundry creditors, advances given,
advances received are subject to reconciliation and confirmation from
respective parties. The balance of said sundry debtors, sundry
creditors, and advances given and received are taken as shown by the
books of accounts. The ultimate outcome of such reconciliation and
confirmation cannot presently be determined, therefore, no provision
for any liability that may result out of such reconciliation and
confirmation has been made in the financial statement, the financial
impact of which is unascertainable due to the reasons as above stated.
6. Current assets, loans and advances have a value on realization
which in the ordinary course of the business would not be less than the
amount at which they are stated in the balance sheet and the provisions
for all known and determined liabilities are adequate and not in excess
of the amount reasonably required.
7. During the year 2005-06 the Company was subjected to search under
section 132 of Income Tax Act, 1961 (The Act). Subsequently, pending
completion of block assessment proceedings, the Company filed an
application with Income tax settlement commission on 31st May, 2007 for
settlement of cases under section 245 C (i) of the Act relating to the
financial year 1 999-2000 to 2005-06 and offered an aggregate income of
Rs.278.60 mio relating to the accounting year 1999-2000 to 2005-06. The
Income Tax Settlement Commission vide its order dated 27.03.2008 had
accepted the aforesaid income so offered amounting to Rs.278.60 mio and
allowed the Company to capitalize a sum of Rs.235.00 mio towards land
and development cost of various projects, accordingly, treatment was
effected in books of account for the year ended 31st March, 2008.
Subsequently, Income Tax Department has filed writ petition against the
order of settlement commission before Hon''ble High Court of Delhi and
is pending before it. As the matter is sub-judice, the income tax
liability, if any, on this account shall be provided for in the year in
which final decision is made by such Hon''ble court.
8. The Income tax assessment of the Company for the assessment year
2008-09 was completed during the year. The Income tax department has
raised additional demand of Rs.904.13 mio on the Company for assessment
year 2008-09 on account of disallowance under Section 80(IB) of Income
Tax Act, 1 961. The Company has filed an appeal before Commissioner of
Income Tax (Appeals), New Delhi against the impugned order of the
assessing officer. Based on the decision of various appellate
authorities and the interpretations of relevant provisions of Income
Tax Act, 1 961, the Company has been advised by the experts that the
claim under Section 80(IB) is legally sustainable, accordingly the
Company is quite hopeful that the demand so raised is likely to be
either deleted or substantially reduced, hence, no provision on account
of such income tax demand has been made in the accounts.
9. As per terms of the licenses of certain group housing and/or
township projects executed by the Company in the state of Haryana, the
Company is required to construct residential units/develop plots for
Economically Weaker Sections (EWS) on specified area of land. The Sale
price of each unit/plot which was to be fixed by the Haryana Government
was fixed during the Financial year 2009-1 0 and has been protested by
the Company being on lower side. There has been no outcome/response on
the said protest of Rate fixation. Pending final outcome wherever the
Company has launched projects for EWS category, the projections of
revenues, profits and cost to completion of the group housing
project/development plot made by the management are after considering
the effect of profits/losses on such units/plots. Accordingly,
wherever the Company has not launched EWS projects, pending final
outcome of the said protest, the projection of revenue, profits and
cost to completion are subject to adjustment which would either be
adjusted on disposal of representation so made by the Company or on
launch of respective EWS projects.
10. The Company has advanced a sum of Rs.744.92 mio to one of its
wholly owned subsidiary company namely Eden Buildcon Private Limited
(hereinafter referred to as Subsidiary Company) for acquiring land
from Hyderabad Metropolitan Development Authority (HMDA)for real estate
projects. The said subsidiary company participated in bid in respect of
auction by HMDA and paid initial deposit of Rs.750.63 mio against total
value of Rs.3,002.50 mio. During the process of verifying the title to
the auction land post auction, the subsidiary company on scrutiny of
documents found that the auction land is the subject matter of pending
litigations before Hon''ble Andhra Pradesh High Court. Thereafter, the
subsidiary company requested HMDA to obtain necessary orders from the
court empowering HMDA to alienate the auction land and also expressed
its honest intention to pay the balance cost of land. HMDA asserted
that there is no legal impediment for transferring the title of the
land and directed the subsidiary company to remit the balance sales
consideration. The subsidiary company applied to HMDA for refund of the
initial booking amount. The request for such refund was not considered
by HMDA and HMDA demanded balance amount of Rs.2,251.87 mio failing
which the entire booking amount was liable to be forfeited. The
subsidiary company has filed a writ petition before Hon''ble Andhra
Pradesh High Court against letter of HMDA giving final notice to remit
balance consideration or forfeiture of the booking amount. The
subsidiary company has since obtained an interim order in the said writ
petition wherein Hon''ble High Court of Andhra Pradesh has ordered for
interim suspension of the operation of the aforesaid letter. The Writ
Petition of the Subsidiary Company is ordered to be tagged with the
Writ Appeals of other Companies having similar grievance for refund of
their money from HMDA. Since the matter is sub-judice, amount advanced
by the company to subsidiary company is considered good.
1 2. (i) Advances include advances against collaboration amounting to
Rs.5,703.46 mio (Rs.6,848.1 7 mio) paid to certain parties (including
subsidiaries/associates/related parties) for acquiring land for
development of real estate projects, either on collaboration basis or
self-development basis.
(ii) Advances recoverable in cash or in kind includes, due from private
companies in which director(s) is a director or member Rs.1 9.46 mio
(Rs.23.1 9 mio).
13. Stock options schemes
OMAXE ESOP PLAN BETA
The Company has adopted Omaxe ESOP Plan Beta in the Annual General
Meeting held on September 27, 2007. The total number of options
available in the plan is 3% of the total paid up equity capital of the
Company.
16. Micro, Small Scale Business Entities
The Company has not received information from vendors regarding their
status under the Micro, Small and Medium Enterprises Development Act,
2006 and, hence, disclosures relating to amounts unpaid as at the year
end together with interest paid / payable underthis Act have not been
given.
17. Interest in Joint Ventures
The Company entered into a 50:50 Joint Venture in Omaxe Azorim
Developers Private Ltd (incorporated in India) with M/s Azorim
International Holdings Limited (Azorim) for development of the Real
Estate Project in India. In terms of the Subscription & Shareholder
Agreement & Amendment thereof, Company holds 1,000,000 Ordinary Equity
Shares & Azorim holds 500,000 Ordinary Equity Shares having pari -
passu rights in all respects including Voting Rights. Further, Azorim
also holds 500,000 Superior Equity Shares having pari- passu right in
every respect with the Ordinary Equity Shares excepting the Superior
dividend right and preferential right to distribution on liquidation.
Apart from the above Azorim has also been issued Differential Equity
constituting 2410 Equity Class A Shares, 6311 Equity Class B Shares and
189 Equity Class C Shares having pari - passu right in all respect
except nil voting rights and nil rights towards Dividend and 2,220
Class C Preference shares (out of which 1,300 preference shares
redeemed during the year). Accordingly, share in profit and loss item
is considered @ 50:50 (previous year 50:50). However, for the purposes
of Company''s share in assets and liabilities, proportionate
consolidation method has been adopted.
During the year, the Company has entered into 63% joint venture in M/s
Robust Buildwell Private Limited.
18. Employee Benefit
A. Gratuity
The Company is having group gratuity scheme with LIC
of India.
B. Leave Encashment
Provision for leave encashment in respect of unavailed
leaves standing to the credit of employees is made on
actuarial basis. The Company does not maintain any fund
to pay for leave encashment.
C. Provident Fund
The Company makes contribution to statutory provident
fund in accordance with Employees Provident Fund and
Misc. Provision Act, 1 952. This is post employment benefit
and is in the nature of defined contribution plan.
26. Lease
a. The Company has taken certain premises on non-cancellation
operating lease.
b. The lease agreements provide for an option to the Company to renew
the lease period at the end of the non-cancellation period. There are
no exceptional / restrictive covenants in the lease agreement.
c. Lease rent expenses in respect of operating lease debited to profit
and loss account Rs.31.60 mio (Rs.43.11 mio). 27. Segment information
Business segments
Based on similarity of activities/products, risk and reward structure,
organization structure and internal reporting system, the Company has
structured its operations into the following segments:
Real estate
Promotion, construction, development and sale of townships,
residential, commercial property, developed plots etc.
Construction
Construction of property on behalf of clients.
Geographic segment
Operations of the Company do not qualify, for reporting as geographic
segments, under the criteria set out under Accounting Standard 1 7 on
''Segment reporting''.
28. Related parties disclosures
Related parties are classified as:
A. Related parties are classified as:
I Wholly owned Subsidiary companies
1 Kavya Buildtech Private Limited
2 Champion Realtors Private Limited
3 Ekansh Buildtech Private Limited
4 Omaxe Infrastructure Limited
5 Omaxe Housing and Developers Limited
6 JRS Projects Private Limited
7 Monarch Villas Private Limited
8 JKB Constructions Private Limited
9 Green Planet Colonisers Private Limited
10 Omaxe Connaught Place Mall Limited
11 Primordial Buildcon Private Limited
12 Omaxe Infotech City Developers Limited
13 Satvik Hitech Builders Private Limited
14 Omaxe Infrastructure And Construction Limited
15 Landlord Developers Private Limited
16 Omaxe Power Private Limited
17 S N Realtors Private Limited
18 Finishing Touch Properties and Developers Private Limited
19 Omaxe Rajasthan SEZ Developers Limited
20 Eden Buildcon Private Limited
21 Omaxe Buildcon Limited (Formerly Omaxe Infrabuild Ltd.)
22 AnshBuilders Private Li m ited
23 Arman Builders Private Limited
24 Omaxe Housing Finance Limited
25 Golden Glades Builders Private Limited
26 Rohtas Holdings (Gulf) Limited
27 Max Gulf Limited
28 Omaxe Chandigarh Extension Developers Private Limited
29 Oasis Township Private Limited
30 Omaxe Buildwell Private Limited
31 Omaxe Housing And Infrastructure Limited
32 Omaxe Buildhome Private Limited
33 Shamba Developers Private Limited (w.e.f. 27.05.2010)
34 Panchi Developers Private Limited (w.e.f. 27.05.2010)
35 Pancham Realcon Private Limited (w.e.f. 27.05.2010)
36 Volvo Properties Private Limited (w.e.f. 24.02.2011)
37 First Promoters & Developers Private Limited (w.e.f. 11.03.2011)
38 Mehboob Builders Private Limited (w.e.f. 16.03.2011)
39 Mehtab Infratech Private Limited (w.e.f. 16.03.2011)
40 Garv Buildtech Private Limited (w.e.f. 16.03.2011)
41 Vimvin Realtors Private Limited (Upto 02.05.2010)
II Other Subsidiary Companies
1 Omaxe Entertainment Limited
2 Omtech Infrastructure and Construction Limited
3 Navratan Techbuild Private Limited
4 Link Infrastructure and Developers Private Limited
5 Anjaniputra Builders Private Limited
6 Zodiac Housing and Infrastructure Private Limited
7 Hamara Ghar Constructions and Developers Private Limited
8 Jewel Projects Private Limited
9 Reliable Manpower Solutions Limited
10 Rivaj Infratech Private Limited
11 Pancham Realcon Private Limited (Upto 26.05.2010)
12 Garv Buildtech Private Limited (Upto 1 5.03.2011)
111 Fellow Subsidiary Companies
1 Sri Balaji Green Heights Private Limited
2 Oasis Suncity Realtors Private Limited
3 Silver Peak Township Private Limited
4 Radiance Housing and Properties Private Limited
5 Ashray Infrabuild Private Limited
6 Aarzoo Technobuild Private Limited
7 Hiresh Builders Private Limited
8 Bhanu Infrabuild Private Limited
9 Abheek Builders Private Limited
10 Aadhira Developers Private Limited
II Shubh Bhumi Developers Private Limited
12 Sanvim Developers Private Limited
13 RPS Suncity Promoters and Developers Private Limited
14 Ashok Infrabuild Private Limited (w.e.f. 28.07.2010)
15 Glacier Agro Foods Private Limited (w.e.f. 1 5.1 0.201 0)
16 Aviral Colonisers Private Limited (w.e.f. 1 5.1 0.201 0)
17 Dinkar Realcon Private Limited (w.e.f. 29.11.201 0)
18 Davesh Technobuild Private Limited (w.e.f. 29.11.201 0)
19 Sarva Buildtech Private Limited (w.e.f. 29.11.201 0)
20 Hemang Buildcon private Limited (w.e.f. 29.11.201 0)
21 Sarthak landcon Private Limited (w.e.f. 29.11.201 0)
22 Satkar Colonisers Private Limited (w.e.f. 01.02.2011)
23 Volvo Properties Private Limited (upto 23.02.2011)
24 Utkrissht Real Estate and Associates Private Limited (w.e.f.
01.02.2011)
25 Manit Developers Private Limited (w.e.f. 08.03.2011)
26 First Promoters & Developers Private Limited (upto 10.03.2011)
27 Dhanu Real Estate Private Limited (w.e.f. 10.03.2011)
28 Ekapad Developers Private Limited (w.e.f. 11.03.2011)
29 Damodar Infratech Private Limited (w.e.f. 11.03.2011)
30 Caspian Realtors Private Limited (w.e.f. 16.03.2011)
31 Aashna Realcon Private Limited (w.e.f. 16.03.2011)
32 Rupesh Infratech private Limited (w.e.f. 16.03.2011)
33 Daman Builders Private Limited (w.e.f. 16.03.2011)
34 Aradhya Real Estate Private Limited (w.e.f. 1 6.03.2011)
35 Ayush Landcon Private Limited (w.e.f. 1 7.03.2011)
36 Tejpal Infra Developers Private Limited (w.e.f. 17.03.2011)
37 Aditya Realtech Private Limited
IV Joint Venture
1 Omaxe Azorim Developers Private Limited
2 Robust Buildwell Private Limited(w.e.f. 08.11.201 0)
V Subsidiaries of joint venture company (M/s Robust Buildwell Private
Limited)
1 Anveshan Builders Private Limited (w.e.f. 1 0.11.201 0)
2 Adesh Realcon Private Limited (w.e.f. 1 0.11.201 0)
3 Navdip Developers Private Limited (w.e.f. 1 0.11.201 0)
4 Abhas Realcon Private Limited (w.e.f. 1 0.11.201 0)
VI Associate Companies
1 Sunshine Buildtech Private Limited (upto 26.03.2011)
2 Omaxe Realtors Private Limited (upto 26.03.2011)
3 Omaxe Infrastructure Development Private Limited (upto 26.03.2011)
VII Entities over which key managerial personnel or their relatives
exercise significant influence
1 Guild Builders Private Limited
2 Buildwell Builders Private Limited
3 Examo Estate Management Private Limited
4 Axeom Advertising Solutions Limited
5 Uppal Resorts Private Limited
6 Constellation Capital Limited
7 S A Fin vest Limited
8 Kautilya Monetary Services Private Limited
9 B D Agarwal Securities Private Limited
10 Goel Isha Colonisers Private Limited
II Dream Home Developers Private Limited 1 2 Hansa Properties Private
Limited
13 Rocky Valley Resorts Private Limited
14 P N Buildcon Private Limited
15 NAI Builders Private Limited
16 Ramniya Estate Developers Private Limited
17 Neegar Developers Private Limited
18 Green Earth Promoters Private Limited
19 M I J Infrastructure Private Limited
20 Sumedha Builders Private Limited
21 NJS Developers Private Limited
22 SNJ Builders Private Limited
23 VSG Builders Private Limited
24 Mangla Villas Private Limited
25 Vimsan Realtors Private Limited
26 PSJ Developers Private Limited
27 DVM Realtors Private Limited
28 True Dreams Developers Private Limited
29 Dream Techno Build Private Limited
30 True Villas Developers Private Limited
31 Starex Projects Private Limited
32 True Gem Tech Developers Private Limited
33 Green Tech Tower Builders Private Limited
34 Naptune Technobuild Projects Private Limited
35 True Estate Build Developers Private Limited
36 Dream Towers Private Limited
37 Ananddeep Realtors Private Limited
38 Vineera Colonisers Private Limited
39 Deepaalay Realtors Private Limited
40 Deepsan Realtors Private Limited
41 Naveenraj Realtors Private Limited
42 Jivish Colonisers Private Limited
43 Sangupt Developers Private Limited
44 Veenish Realtors Private Limited
45 Singdeep Estate Developers Private Limited
46 Annay Realtors Private Limited
47 Deepsing Realtors Private Limited
48 Deejit Developers Private Limited
49 Parjit Realtors Private Limited
50 Garg and Goel Estate Developers Private Limited
51 VGSG Realtors Private Limited
52 Vingar Developers Private Limited
53 Garg Realtors Private Limited
54 Manprav Developers Private Limited
55 Raveendeep Colonisers Private Limited
56 Devgar Estate Developers Private Limited
57 Jitenjay Realtors Private Limited
58 Derwal Realtors Private Limited
59 Manwal Colonisers Private Limited
60 Saamit Realtors Private Limited
61 Savin Realtors Private Limited
62 Monkish Colonisers Private Limited
63 Gaamit Realtors Private Limited
64 Jai Dev Colonisers Private Limited
65 Sanya Realtors Private Limited
66 Kishordeep Realtors Private Limited
67 Indrasan Developers Private Limited
68 Avindra Estate Developers Private Limited
69 Garvish Realtors Private Limited
70 Laldeep Realtors Private Limited
71 Sanjit Realtors Private Limited
72 Sankalp Realtors Private Limited
73 Source Developers Private Limited
74 Sandeep Township Private Limited
75 Sandeep Landcon Private Limited
76 Amit Landcon Private Limited
77 Praveen Mehta Builders Private Limited
78 Amit Jain Builders Private Limited
79 Shiv Kripa Build Home Private Limited
80 Krishan Kripa Buildcon Private Limited
81 Praveen Buildcon Private Limited
82 Motto Developers Private Limited
83 New Horizons Township Developers Private Limited
84 Spike Developers Private Limited
85 Shantiniwas Developers Private Limited
86 Starshine Realtors Private Limited
87 Deepal Township Private Limited
88 Sunview Township Private Limited
89 Swapan Sunder Township Developers Private Limited
90 Bharatbhoomi Township Limited
91 Jai Bhoomi Projects Limited
92 J. B. Realcon Private Limited
93 Omaxe Hotels Limited
94 Mangal Bhumi Properties Private Limited
95 Renown Estate Developers Private Limited
96 Milestone Township Private Limited
97 Luxury Township Private Limited
98 Udal Properties Private Limited
99 Omaxe Housing And Commercial Projects Limited
100 Lavanya Builders Private Limited
101 Amod Builders Private Limited
102 Advay Properties Private Limited
103 Agasthya Properties Private Limited
104 Advaita Properties Private Limited
105 Amshul Developers Private Limited
106 Alpesh Builders Private Limited
107 Daksh Township Private Limited
108 Pearl Peak Landbase Private Limited
109 Superior Landbase Private Limited
110 Sentinent Properties Private Limited
111 Fragrance Housing And Properties Private Limited
112 Beautiful Landbase Private Limited
113 Paradise On Earth Properties Private Limited
114 Forever Housing and Properties Private Limited
115 Sapphire Township and Developers Private Limited
116 Shining Home Infrastructure Private Limited
117 Sunlife Properties Private Limited
118 Interactive Buildtech Private Limited
119 Rockyard Properties Private Limited
120 Stronghold Properties Private Limited
121 Sunrise Township Private Limited
122 Absolute Infrastructure Private Limited
123 Distinctive Infrastructure And Construction Private Limited
124 Miniature Township And Properties Private Limited
125 JSM Enterprises Private Limited
126 Lifestyle Township Private Limited
127 Omaxe Pragati Maidan Exhibition Limited
128 Desire Housing and Construction Private Limited
129 Stepping Stone Buildhome Private Limited
130 Smart Buildhome Private Limited
131 Swarn Bhumi Buildhome Private Limited
132 Versatile Buildhome Private Limited
133 Swarg Sukh Buildhome Private Limited
134 Fast Track Buildcon Private Limited
135 Blossom Buildhome Private Limited
136 KBM Constructions Private Limited
137 The International Omaxe Construction Limited
138 Omaxe Orissa Developers Limited
139 Glamour Hotels Private Limited
140 Starshine Hotels Private Limited
141 Hitech Hotels Private Limited
142 Puru Builders Private Limited
143 Hriday Hitech Builders Private Limited
144 Prabal Developers Private Limited
145 VaibhavTechnobuild Private Limited
146 Nikunj Infrabuild Private Limited
147 Aanchal Infrabuild Private Limited
148 Fragrance Information And Communication Technologies Private
Limited
149 Omaxe Affordable Homes Private Limited 1 50 Bhargav Builders
Private Limited
151 Arhant Infrabuild Private Limited
152 Bandhu Buildtech Private Limited
153 Basant Infrabuild Private Limited
154 Bhuvan Buildtech Private Limited
155 Avtar Infrabuild Private Limited
156 Badal Developers Private Limited
157 Banke Builders Private Limited
158 Aviral Buildtech Private Limited
159 Arjit Builders Private Limited
160 Omaxe Punjab Affordable Housing Private Limited
161 Omaxe Uttar Pradesh Affordable Housing Private Limited
162 Omaxe Rajasthan Affordable Housing Private Limited
163 Omaxe Bihar Affordable Housing Private Limited
164 Omaxe Madhya Pradesh Affordable Housing Private Limited
165 Daksh Airport Developers Private Limited
166 Megh Airways Private Limited
167 Mohak Tours And Travels Private Limited
168 Rahi Transport Private Limited
169 Caleen Hotels Private Limited
170 Omaxe Chhattisgarh Affordable Housing Private Limited
171 Manik Buildcon Private Limited
172 Kartik Buildhome Private Limited
173 Lohith Developers Private Limited
174 Jishnu Buildcon Private Limited
175 Bhavesh Buildcon Private Limited
176 Aric Infrabuild Private Limited
177 Apoorva Infrabuild Private Limited
178 Kanak Buildhome Private Limited
179 Jayant Buildhome Private Limited
180 Abhay Technobuild Private Limited
181 Chirag Buildhome Private Limited
182 Gaurang Buildcon Private Limited
183 Girish Buildwell Private Limited
184 Gurmeet Builders Private Limited
185 Inesh Buildcon Private Limited
186 Anant Realcon Private Limited
187 Geet Buildhome Private Limited
188 Mihir Buildwell Private Limited
189 Sakal Agrotech Private Limited
190 Chetan Infrabuild Private Limited
191 Shashank Buildhome Private Limited
192 Shardul Builders Private Limited
193 Devang Builders Private Limited
194 Rohak Builders Private Limited
195 Amber Infrabuild Private Limited
196 Adil Developers Private Limited
197 Kanha Logistics Private Limited
198 Kirti Hotels Private Limited
199 Umang Buildcon Private Limited
200 Tushar Landcon Private Limited
201 Taru Buildcon Private Limited
202 Swapnil Buildhome Private Limited
203 Snehal Buildcon Private Limited
204 Shreyas Buildhome Private Limited
205 Nakul Technobuild Private Limited
206 Shalin Buildwell Private Limited
207 Subodh Buildwell Private Limited
208 Shikhar Landcon Private Limited
209 Vaman Buildhome Private Limited
210 Veer Buildhome Private Limited
211 Amani Realcon Private Limited
212 Ashtam Builders Private Limited
213 Awal Builders Private Limited
214 Balesh Technobuild Private Limited
215 Bali Buildtech Private Limited
216 Chaitanya Realcon Private Limited
217 Hina Technobuild Private Limited
218 Chapal Buildhome Private Limited
219 Istuti Realcon Private Limited
220 Damini Infratech Private Limited
221 Inqalab Builders Private Limited
222 Darpan Buildtech Private Limited
223 Jagat Buildtech Private Limited
224 Darsh Buildtech Private Limited
225 Kalp Buildtech Private Limited
226 Kashish Buildtech Private Limited
227 Gagan Realcon Private Limited
228 Abhiman Buildtech Private Limited
229 Adhar Buildtech Private Limited
230 Aftab Developers Private Limited
231 Aneesh Buildtech Private Limited
232 Meghmala Builders Private Limited
233 Tariq Infrabuild Private Limited
234 Vishishth Buildhome Private Limited
235 Arhan Builders Private Limited
236 Bhanu Retail Private Limited
237 Kamini Builders And Promoters Private Limited
238 Havish Buildcon Private Limited
239 Inesh Developers Private Limited
240 Obalesh Buildcon Private Limited
241 Jalesh Builders And Developers Private Limited
242 Keshto Buildcon Private Limited
243 Badal Impex Private Limited
244 Omaxe Retail Limited
245 Rishit Buildcon Private Limited
246 Excellent Apartments Private Limited
247 Natraj Colonisers Private Limited
248 NAFHIL Gujrat Homes Limited
249 Affordable Home Loan Advisors Private Limited
250 National Affordable Housing and Infrastructure Limited
251 ShreyTechnobuild Private Limited
252 Radhika Buildwell Private Limited
253 Ramneesh Builders Private Limited
254 Divya Buildhome Private Limited
255 Dwarkadhish Land and Farms Private Limited
256 Cress Propbuild Private Limited
257 Ryhme Propbuild Private Limited
258 Marine Sands Limited
259 Golden Crescent Red & General Trading Limited
260 Sukhversa Properties Private Limited (w.e.f. 25.10.2010)
261 Omaxe Global Trading Corporation P Ltd. (w.e.f. 27.10.2010)
262 Sunshine Buildtech Private Limited (w.e.f. 27.03.2011)
263 Omaxe Realtors Private Limited (w.e.f. 27.03.2011)
264 Omaxe Infrastructure Development Private Limited (w.e.f.
27.03.2011)
265 Shamba Developers Private Limited (Upto 26.05.201 0)
266 Panchi Developers Private Limited (Upto 26.05.201 0)
267 Abhas Realcon Private Limited (Upto 9.11.201 0)
268 Adesh Realcon Private Limited (Upto 9.11.201 0)
269 Anveshan Builders Private Limited (Upto 9.11.201 0)
270 Navadip Developers Private Limited (Upto 9.11.201 0)
271 Hemang Buildcon Private Limited (Upto 28.11.201 0)
272 Dinkar Realcon Private Limited(Upto 28.11.201 0)
273 Davesh Technobuild Private Limited (Upto 28.11.201 0)
274 Sarva Buildtech Private Limited (Upto 28.11.201 0)
275 Sarthak Landcon Private Limited(Upto 28.11.201 0)
276 Manit Developers Private Limited (Upto 07.03.2011)
277 Dhanu Real Estate Private Limited (Upto 09.03.2011)
278 Ekapad Developers Private Limited. (Upto 10.03.2011)
279 Damodar Infratech Private Limited (Upto 10.03.2011)
280 Caspian Realtors Private Limited (Upto 15.03.2011)
281 Aashna Realcon Private Limited (Upto 15.03.2011)
282 Mehboob Builders Private Limited (Upto 15.03.2011)
283 Mehtab Infratech Private Limited (Upto 15.03.2011)
284 Aradhya Real Estate Private Limited (Upto 15.03.2011)
285 Daman Builders Private Limited (Upto 15.03.2011)
286 Rupesh Infratech Private Limited(Upto 15.03.2011)
287 Ayush Landcon Private Limited (Upto 16.03.2011)
288 Maa Omwati Education Trust
289 Omaxe Foundation (Regd.)
290 M/s Rohtas Goel (HUF)
291 M/s Sunil Goel ( HUF)
292 M/s J.B.Goel & Family ( HUF)
V Key managerial personnel
1 Mr. Rohtas Goel
2 Mr. Sunil Goel
3 Mr. Jai Bhagwan Goel
VI Relatives of Key managerial personnel
1 Mr. Mohit Goel
30. Figures in brackets are in respect of the previousyear, which have
been regrouped/reclassified where necessaryto conform with
currentyear''s classification. |