1.1 Rights, preferences and restrictions attached to shares Equity
 shares
 
 The Company has one class of equity shares having a par value of Rs. 5
 each. Each shareholder is eligible for one vote per share held. The
 dividend proposed by Board of Directors is subject to the approval of
 the shareholders in the ensuing Annual General Meeting, except in case
 of interim Dividend. In the event of liquidation, the equity sharehold-
 ers are eligible to receive the remaining assets of the Company after
 distribution of all preferential amounts, in propor- tion to their
 shareholding.
 
 Preference shares
 
 Preference shares would be redeemable at par at any time with in twenty
 years from the date of attotment i.e. January 8, 2008, at the option of
 the Company and for the purpose of redemption the Company may apply any
 profits or money of the Company which may lawfully be applied for the
 purpose, in the redemption of the Redeemable Preference Shares and the
 Board may determine the manner/procedures for redemption of Preference
 Shares at its discretion as it may deem fit. These shares would carry
 dividend of 7% per annum.
 
 1.2 Shares allotted as fully paid up by way of bonus shares (during 5
 years preceding March 31, 2012)
 
 The Company allotted 6,47,87,500 equity shares (in the ratio 5:1) as
 fully paid up bonus shares by utilising the General Reserves of the
 Company pursuant to the approval of the Members of the Company vide
 postal ballot on June 10, 2010.
 
 1.3 Other information regarding issue of shares in last five years
 
 a) The Company has not issued any shares without payment being received
 in cash.
 
 b) The Company has not undertaken any buy-back of shares.
 
 **From Saraswat Co-op Bank Limited is secured by Premises at 4th Floor,
 Aman Chambers, Prabhadevi, Mumbai 400025 and property at Panoramic
 Resort, Panvel.
 
 *** From Indiabulls Financial Services Limited is secured against shop
 premises at Nav Bhavana Premises CHS Ltd. at Prabhadevi, Mumbai 400025.
 
 **Cash Credit from Saraswat Co-Op Bank Ltd is secured by hypothecation
 of book debts and mortgage of Office Premises at 4th floor, Aman
 Chambers, Prabhadevi, Mumbai-400 025 and property at Panoramic Resort,
 Panvel.
 
 * None of the suppliers had informed the Company that they are micro
 and small enterprises under the Micro, Small and Medium Enterprises
 Development Act , 2006. Hence information regarding dues to micro and
 small enterprises could not be furnished.
 
 2 Retirement benefit Plan:
 
 The present value of the defined benefit obligation and 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 sets out the non funded status of the gratuity plan
 and the amounts recognized in the Company''s financial statements as at
 March 31, 2012.
 
 3.  Segment Reporting
 
 The group has identified business segments (industry practice) as its
 primary segment and geographic segment as its secondary segments.
 
 Business segments are primarily IT business and Hospitality business
 comprising customers providing software products, Room Rentals, Food
 and Beverages and allied services relating to hotel operations.
 
                                                          (Rs. in lacs)
 
                                            As at            As at
                                        March 31, 2012   March 31, 2011
 
 4.  Contingent Liabilities not 
 provided for :
 
 I Estimated amount of capital 
 commitments not provided for:            2,016.43         1,816.00
 
 II Contingent Liabilities not 
 provided for:                                 Nil              Nil
 
 III Guarantees given on behalf of 
 wholly owned subsidiary                    695.41           616.14
 
 Notes :-
 
 1 Loans/Advances shown above, to subsidiary fall under the category of
 Loans/Advances in nature of Loans, where there is no repayment schedule
 and are re-payable on demand.
 
 2 There are no investments by the loanees in the shares of the parent
 company and /or subsidiary companies.
 
 5. These financial statements have been prepared in the format
 prescribed by the Revised Schedule VI to the Companies Act, 1956.
 Previous years'' figures have been recast / restated.