1.  Background
 
 PARSVNATH DEVELOPERS LIMITED (the Company) is a company registered
 under the Companies Act, 1956.  It was incorporated on 24 July, 1990.
 The Company is primarily engaged in the business of promotion,
 construction and development of integrated townships, residential &
 commercial complexes, multistoried buildings, flats, houses,
 apartments, shopping malls, IT parks, hotels, SEZ, etc.
 
 2.  Contingent liabilities
 
                                                         Rs. in lacs
 
                                                    As at         As at
 
                                                 31.03.11      31.03.10
 
 a. Claims against the Company not 
 acknowledged as debt*: 
 
 i.  Interest for delay                                 -        221.05
 in payment of land
 premium instalment / EDC
 
 ii.  Demand for payment                           479.10        479.10
 of stamp duty
 
 iii. Customer complaints                        4,483.18      1,592.44
 pending in consumer
 courts
 
 iv.  Civil Cases against the                      505.88             -
 Company
 
 v.   Income Tax demand                                 -        145.34
 
 vi.  Trade Tax demand                           5,693.94        701.91
 
 vii. Entry Tax demand                             367.25         36.10
 
 viii.   Others                                     16.71        454.28
 
 b.   Security/Performance                      26,589.33     28,157.97
 Guarantees issued by
 the banks to various
 Government authorities, for
 which the Company has
 provided counter guarantee                         
 
 c.   Corporate guarantees                      14,000.00             -
 issued on behalf of
 subsidiary companies                 
 
 * Based on consultation with Company''s solicitors, the Company does not
 expect any outflow of economic resources in respect of above claims and
 therefore no provision is made in respect thereof.
 
 3.  Secured Loans
 
 a Term Loans of Rs.68,814.81 lacs (previous year Rs.89,666.03 lacs) are
 secured by way of equitable mortgage of the specific project land along
 with construction thereof, hypothecation of construction material, work
 in progress and receivables of the related projects and further secured
 by personal guarantee of Chairman, Managing Director and a Whole-time
 Director of the Company. Of these, term loan of Rs, 15,000 lacs
 (previous year Nil) are further secured by pledge of Investments of the
 Company.
 
 b Term Loans of Rs.10,249.08 lacs (previous year Rs.8,544.69 lacs) are
 secured by receivables of the related projects and are further secured
 by mortgage of property.
 
 c Term Loans of Rs.233.92 lacs (previous year Rs.233.92 lacs) are
 secured against Keyman Policy taken by the Company.
 
 d Working capital loans of Rs.10,537.95 lacs (previous year
 Rs.10,619.69 lacs) are secured by way of equitable mortgage of project
 land along with construction thereof and first pari passu charge on
 stock of construction and building materials, work in progress,
 finished flats and book receivables for various projects, except those
 specifically charged to other banks/financial institutions and further
 secured by personal guarantee of Chairman, Managing Director and a
 whole time Director of the Company.
 
 e Working Capital loans of Rs.8,684.18 lacs (previous year Rs.11,110.32
 lacs) are secured by way of pledge of fixed deposit with banks.
 
 f Vehicle / Equipment loans are at Rs.13.29 lacs (previous year
 Rs.434.68 lacs) secured by way of hypothecation of specific vehicle /
 equipment financed.
 
 g Debentures of Rs.41,000.00 lacs (previous year Rs.4,750.00 lacs) are
 secured by way of mortgage of immoveable properties and further secured
 by pledge of promoters shares and personal guarantee of Chairman of the
 Company. Of these, Debentures of Rs.12,500 lacs (previous year Nil) are
 further secured by pledge of Investments of the Company.
 
 4.  Unsecured Loans
 
 a In respect of Unsecured Loans of Rs.5,151.47 lacs, (previous year
 Rs.25,600.00 lacs) the Promoters have pledged their shares held in the
 Company. Of these, unsecured loans of Rs.1,589.00 lacs (previous year
 Rs.19,000.00 lacs) are further secured by personal guarantee of
 Chairman of the Company.
 
 b Unsecured loan of Rs.318.00 lacs (previous year Rs.1,200.00 lacs) are
 secured against Bank Guarantee.
 
 5.  Qualified Institutional Placement
 
 a. The Company has raised a sum of Rs.26,952.26 lacs (previous year
 Rs.16,800.73 lacs) through Qualified Institutional Placement (QIP) and
 allotted 1,90,38,113 Equity Shares of Rs.10 each (previous year
 1,38,56,272 equity shares) at a Premium of Rs.131.57 per Share
 (previous year Rs.111.25 per share) to various Qualified Institutional
 Buyers on 12 October, 2010 (previous year 7 October, 2009) in
 accordance with Chapter VIII of SEBI (Issue of Capital and Disclosure
 Requirements) Regulations, 2009.
 
 6.  The Company has sub-divided the face value of Equity Shares from
 Rs.10 to Rs.5 with effect from 19 October, 2010.  Consequently the
 number of equity shares comprised in the authorised equity share
 capital have increased from 30,00,00,000 to 60,00,00,000 and those
 comprised in the Issued, subscribed and paid-up equity share capital
 have increased from 21,75,90,585 to 43,51,81,170.
 
 7.  Pursuant to Investment Agreement dated 21 December, 2010 entered
 into with Parsvnath Buildwell Private Limited (PBPL), Parasnath And
 Associates Private Limited (Co- Promoter) and two overseas Investment
 entities (Investors) and ''Assignment of Development Rights Agreement''
 dated 28 December, 2010 entered into with PBPL and Collaborators, the
 Company has assigned Development Rights in respect of one of its
 ongoing project, namely, ''Parsvnath Exotica, Ghaziabad'' (on land
 admeasuring 31 acres) situated at Village Arthala, Ghaziabad (the
 Project) to PBPL, the joint venture company on terms and conditions
 contained therein. In lieu of the consideration of Rs.7,500 Lacs agreed
 in this regard, the Company has been allotted 5,00,000 Class ''A'' Equity
 Shares of Rs.10/- each at par, 90,000 Class Rs.C'' Equity Shares of
 Rs.10/- each (not carrying any voting rights) at a premium of Rs.190/-
 per share, 2,50,145 Series Rs.B'' Fully Convertible Debentures of
 Rs.100/- each at par, 3,49,892 Optionally Convertible Redeemable
 Preference Shares (OCRPS) of Rs.100/- each at a premium of Rs.1,900/-
 per share and the balance amount of Rs.22.02 Lac has been considered as
 ''Share Application Money pending allotment''. Further, the Company has
 given the following undertakings to PBPL:
 
 a.  The project shall be completed within the agreed completion
 schedule. Construction cost for completion of project shall not exceed
 the amount set out in the agreement and the project revenue from sold
 area shall be at least the amount set out in the agreement.  In the
 event of construction cost overrun or revenue shortfall, the Company
 shall contribute such excess/ shortfall amount against allotment of
 Class-''C'' Shares in terms of the Investment Agreement.
 
 b.  In case of delays in completion of the project, any penalties or
 compensation payable to customers shall be borne by the Company.
 
 c.  The Company shall not, directly or indirectly, create any
 encumbrance over or transfer any equity securities held by it in PBPL
 during the lock in period (till completion of project) except for
 securing construction loan.
 
 8. Pursuant to Investment Agreement dated 9 December, 2009 entered
 into with Parsvnath Hessa Developers Private Limited (PHDPL) (Formerly
 Hessa Realtors Private Limited) and two Overseas Investors, the Company
 had transferred and assigned Development Rights in relation to a part
 of its ongoing project, namely, ''Exotica, Gurgaon'' (on land admeasuring
 11.092 acres) situated at Sector 53, Golf Course Road, Gurgaon (the
 Project) to PHDPL on terms and conditions contained therein. Further,
 the Company has given the following undertakings to PHDPL:
 
 a.  The Project will be completed within the completion schedule and
 construction cost shall not exceed the amount as set out in the
 agreement. In case of cost overruns, the Company shall contribute such
 excess amount to PHDPL against allotment of Class C equity shares in
 terms of Investment Agreement.
 
 b.  Project Revenue shall be at least the amounts set out in the
 agreement. In case actual revenue is less than the amount specified in
 the agreement, the Company shall deposit the amount of shortfall with
 PHDPL.
 
 c.  The Company shall not create any encumbrance over or transfer any
 equity securities held by it in PHDPL during the lock in period as
 defined in the Investment Agreement.
 
 9.  The Company has entered into a Memorandum of Understanding (MOU)
 dated 22 December, 2010 with Parsvnath Realcon Private Limited (PRPL)
 which is a wholly owned subsidiary of its joint venture Parsvnath
 Buildwell Private Limited (PBPL). Pursuant to the MOU, the Company has
 assigned development rights of the project, namely, ''Parsvnath
 Paramount'' on land admeasuring 6,445 square metres situated at Subhash
 Nagar, New Delhi for a total consideration of Rs.6,000 Lacs. The
 Company has also entered into a ''Project Management Agreement'' with
 PRPL and PBPL for overall management and coordination of project
 development. Further, the Company has given following Undertakings to
 PRPL:
 
 a.  It shall complete the project within the completion schedule and
 Construction Cost in the Agreement.
 
 b.  The project revenues from sold area shall be at least the amount
 set out in the Agreement and such revenues shall be realised within 36
 months from the effective date.
 
 c.  In the event of construction cost overrun or revenue shortfall, the
 Company shall contribute such excess/ shortfall amount against
 allotment of equity shares or other instruments at such premium as may
 be mutually determined by the parties.
 
 10.  The Company entered into a Development Agreement with Chandigarh
 Housing Board for development of a residential, commercial and other
 related infrastructure facilities as an integrated Project on land
 admeasuring 123.79 acres situated at Rajiv Gandhi Technology Park,
 Chandigarh.
 
 Owing to various factors such as delay in handing over unencumbered
 land and consequential determination of start of development period,
 delay in approval of drawings etc and various other issues, disputes
 have arisen between the Company and Chandigarh Housing Board (CHB).
 The Company has invoked the arbitration clause in the development
 agreement. Pending any decision arising out of the arbitration
 proceedings, the amount spent on construction/development of the
 project has been included under work-in-progress (inventory).
 
 11.  The Company has advanced Rs.4,728.46 lacs to one of its
 Subsidiaries, Parsvnath Film City Limited (PFCL) for execution of Film
 City Project at Chandigarh. PFCL has deposited Rs.4,775.00 lacs with
 Chandigarh Administration (CA) for acquiring development rights in
 respect of a plot of land admeasuring 30 acres from CA, under
 Development Agreement dated 2 March 2007 for development of a
 Multimedia-cum-Film City Complex.
 
 The possession of the said land has not yet been handed over to PFCL,
 accordingly it invoked the arbitration clause seeking refund of
 allotment money paid. Based on the legal advice obtained, the
 Management considers the above advance as good and fully recoverable.
 
 12.  The Company has entered into ''Amended and Restated Investment and
 Security Holder''s Agreement'' dated September 14, 2010 (in supersession
 of the ''Investment and Security Holder''s Agreement'' dated March 25,
 2010) with one of its Subsidiaries, Parsvnath Estate Developers Private
 Limited (PEDPL), (formerly known as Farhat Developers Private Limited),
 two Overseas Investment Entities (Investors) and others for development
 of office complex on plot of land admeasuring 15,583.83 sq. mtrs.
 situated at Bhai Veer Singh Marg, New Delhi, on the terms and
 conditions as contained in the Agreement. The Rights in the said plot
 have been allotted on ''Build Operate Transfer'' (BOT) basis to the
 Company by Delhi Metro Rail Corporation Ltd. (DMRC). With DMRC
 approval, these Rights have been assigned by the Company in favour of
 PEDPL for implementation of the Project.
 
 13.  The Company has executed ''PDL Support Agreement'' in favour of
 Parsvnath Landmark Developers Private Limited (PLDPL) and J.P. Morgan
 Advisors India Private Limited being the Security Trustee for the Term
 Loan of Rs.14,000.00 lacs given to PLDPL. In terms of the said
 Agreement, the Company has given Undertaking for completion of
 construction of La Tropicana Project, New Delhi, within the amount set
 out in the Agreement and within the Completion Schedule, as stated
 therein. Any escalation in the construction cost is to be funded by the
 Company. Further, the Company has also undertaken that it shall
 maintain at all times 78% of the Ownership and Voting rights in PLDPL.
 
 14.  The Company has been selected as the preferred bidder for grant of
 lease for development of project on plot of land at Sarai Rohilla,
 Kishanganj, Delhi by ''Rail Land Development Authority'' vide its ''Letter
 of Acceptance'' (LOA) dated 26 November, 2010. In terms of LOA, the
 project will be implemented through a Special Purpose Vehicle (SPV),
 Parsvnath Promoters And Developers Private Limited (PPDPL) (formerly
 Luba Real Estate Private Limited).  For project financing, the Company
 has entered into an ''Investment and Security Holder''s Agreement'' dated
 23 November, 2010 with PPDPL, an overseas Investor and others on terms
 and conditions set out in the Agreement.  The Company has undertaken to
 invest Rs.11,000.00 lacs towards its share for the implementation of
 the Project, which has since been invested by 31 March, 2011.
 
 15.  The Company has entered into concession agreement with Delhi Metro
 Rail Corporation Limited (DMRC) for various projects on
 Build-operate-transfer (BOT) basis. In two of such projects, the
 Company was unable to commercially utilise the properties due to (a)
 lack of clarity between DMRC and MCD with respect to authority for
 sanction of building plans for Tis Hazari Project (b) non submission of
 certain documents by DMRC as required by the sanctioning authority for
 Netaji Subash Place project. In view of these delays, the Company has
 sought concessions from DMRC and has invoked Arbitration clause of the
 concession agreement.
 
 16.  Sundry debtors include Rs.35,532.61 lacs (previous year
 Rs.25,069.78 lacs) outstanding for a period exceeding six months. Due
 to recession in the industry, there have been delays in customer''s
 collection. In view of industry practice and terms of agreements with
 the customers, all these debts are considered good for recovery and
 hence no provision is considered necessary.
 
 17.  The Company has taken tax benefits in respect of projects
 qualifying under section 80-IB of the Income Tax Act.  In terms of
 current tax laws, to avail tax benefits, these projects have to be
 completed within the specified period.  The Company is hopeful of
 completing these projects on or before the specified dates.
 
 18.  Tax adjustment for earlier years includes Income Tax Provision
 written back of Rs. NIL (previous year Rs.1,834.71 lacs), pursuant to
 amendment of Section 80IB (10) of the Income Tax Act, 1961 by the
 Finance (No.2) Act, 2009.
 
 b. Amounts due from private companies (other than subsidiary companies
 and Companies under the same management disclosed in c and d below) in
 which any director of the Company is a director or member - Rs.12.84
 lacs (Previous year Rs.12.84 lacs).
 
 g. The Company is not a manufacturing or trading company, hence
 quantitative and other disclosures as required by paragraph 3 (ii) (a),
 (b) and paragraph 4c of Part II of Schedule VI to the Companies Act,
 1956 are not applicable to the Company.
 
 19.  Earnings per share
 
 The earnings considered in ascertaining the Company''s EPS comprises the
 profit available for shareholders (i.e. profit after tax and statutory
 / regulatory appropriations). The number of shares used in computing
 basic EPS is the weighted average number of shares outstanding during
 the year.
 
 20.  Deferred Tax
 
 a. Deferred tax assets and liabilities are being offset as they relate
 to taxes on income levied by the same governing taxation laws.
 
 21.  Lease commitments
 
 The Company has entered into Concession Agreements with Delhi Metro
 Rail Corporation (DMRC) and has acquired the License Rights to develop
 properties and sub license it to the customers for a defined period of
 time. Of the license fees of Rs.1,555.25 lacs (Previous Year
 Rs.1,155.51 lacs) paid/ payable by the Company during the year,
 Rs.564.04 lacs (Previous year Rs.307.85 lacs) has been charged to
 revenue and Rs.991.21 lacs (Previous Year Rs.847.66 lacs) has been
 deferred till the completion of construction. The total of future
 minimum license payments / charge is as follows:
 
 22.  Joint Venture
 
 The Company''s interest and share in joint ventures in the nature of
 jointly controlled entities are as follows:
 
 23.  Employee Benefits
 
 In accordance with the revised Accounting Standard 15, the requisite
 disclosures are as follows:
 
 a.  Accounting policy for recognising actuarial gains and losses
 
 Actuarial gain and losses arising from experience adjustment and
 effects of changes in actuarial assumptions are immediately recognised
 in the statement of profit and loss account as income or expense.
 
 b.  Description of Defined Benefit Plans
 
 i.  Gratuity plan
 
 The gratuity liability arises on retirement, withdrawal, resignation
 and death of an employee. The aforesaid liability is calculated on the
 basis of actuarial valuation as per the projected unit credit method.
 
 ii.  Long term compensated absences plan
 
 The earned leave liability arises as and when services are performed by
 an employee. The aforesaid liability is calculated on the basis of
 actuarial valuation as per projected unit credit method.
 
 The discount rate is based upon the market yields available in
 Government bonds at the accounting date with a term that matches that
 of the liabilities.
 
 The estimates of salary growth rate considered in the actuarial
 valuation takes into account inflation, seniority, promotion and other
 relevant factors on long term basis.
 
 24. Operations of the Company do not qualify for reporting as business
 segments as per the criteria set out under Accounting Standard AS-17 on
 Segment Reporting. The Company is operating in India hence there is
 no reportable geographic segment. Accordingly no disclosure is required
 under AS-17.
 
 25.  Related Party Transactions 
 
 a.  List of related parties
 
 i.  Subsidiary Companies
 
 - Parsvnath Infra Limited
 
 - Parsvnath Film City Limited
 
 - Parsvnath Landmark Developers Private Limited
 
 - Parsvnath Telecom Private Limited
 
 - Parsvnath Hotels Limited
 
 - Parsvnath Retail Limited
 
 - PDL Assets Limited
 
 - Parsvnath Developers Pte. Limited (Overseas subsidiary – Singapore)
 
 - Primetime Realtors Private Limited
 
 - Parsvnath Estate Developers Private Limited (Formerly, Farhat
 Developers Private Limited)
 
 - Parsvnath Promoters And Developers Private Limited (Formerly, Luba
 Real Estate Private Limited)
 
 - Parsvnath Developers (GMBT) Private Limited *
 
 - Parsvnath Developers (SBBT) Private Limited *
 
 - Jarul Promoters & Developers Private Limited *
 
 - Baasima Buildcon Private Limited *
 
 - Parsvnath Hessa Developers Private Limited (Formerly, Hessa Realtors
 Private Limited)#
 
 - Parsvnath Royal Orchid Hotels Limited (Subsidiary of Parsvnath Hotels
 Limited)
 
 - Parsvnath Hospitality Holding Ltd., Singapore (Subsidiary of
 Parsvnath Developers Pte.  Limited, Singapore)
 
 - Parsvnath MIDC Pharma SEZ Private Limited
 
 (Subsidiary of Parsvnath Infra Limited)
 
 - ceased to be subsidiaries during the year
 
 - Became subsidiary by virtue of Accounting
 
 Standard (AS-21) on ''Consolidated Financial Statements''
 
 ii.  Entities over which Company, Subsidiary Companies or key
 management personnel or their relatives, exercise significant influence
 
 - Aahna Realtors Private Limited
 
 - Aaron Real Estates Private Limited
 
 - Adela Buildcon Private Limited
 
 - Afra Infrastructure Private Limited
 
 - Ajit Board Private Limited
 
 - Amazon India Limited
 
 - Amiya Properties Private Limited *
 
 - Anjaney Developers Private Limited
 
 - Arunachal Infrastructure Private Limited
 
 - Ashirwad Realtors Private Limited
 
 - Bae Buildwell Private Limited
 
 - Baidehi Infrastructure Private Limited
 
 - Balbina Real Estates Private Limited
 
 - Balwaan Buildwell Private Limited
 
 - Banita Buildcon Private Limited
 
 - Basundhra Properties Private Limited
 
 - Bliss Infrastructure Private Limited
 
 - Brinly Properties Private Limited
 
 - Charushila Buildwell Private Limited
 
 - Congenial Real Estates Private Limited
 
 - Coral Buildwell Private Limited
 
 - Crimson Infrastructure Private Limited
 
 - Cyanea Real Estate Private Limited
 
 - Dae Realtors Private Limited
 
 - Dai Real Estates Private Limited
 
 - Deborah Real Estate Private Limited
 
 - Deleena Developers Private Limited
 
 - Dhiren Real Estates Private Limited
 
 - Digant Realtors Private Limited
 
 - Dolphin Buildwell Private Limited
 
 - Elixir Infrastructure Private Limited
 
 - Enormity Buildcon Private Limited
 
 - Farhad Realtors Private Limited
 
 - Gauranga Realtors Private Limited
 
 - Gauresh Buildwell Private Limited
 
 - Gazala Promoters & Developers Private Limited
 
 - Gem Buildwell Private Limited
 
 - Generous Buildwell Private Limited
 
 - Himsagar Infrastructure Private Limited
 
 - Homelife Real Estate Private Limited
 
 - Honey Builders Private Limited
 
 - Izna Realcon Private Limited
 
 - Jaguar Buildwell Private Limited
 
 - Janak Finance & Leasing Private Limited
 
 - Jodhpur Infrastructure Private Limited
 
 - K.B.Realtors Private Limited
 
 - Kalyani Pulp Private Limited
 
 - Laban Real Estates Private Limited
 
 - Label Real Estates Private Limited
 
 - Lakshya Realtors Private Limited.
 
 - Landmark Malls and Towers Private Limited
 
 - Landmark Township Planners Private Limited
 
 - LSD Realcon Private Limited
 
 - Madhukanta Real Estate Private Limited
 
 - Madhulekha Developers Private Limited
 
 - Magic Promoters Private Limited
 
 - Mahanidhi Buildcon Private Limited
 
 - Mirage Buildwell Private Limited
 
 - Nanocity Haryana Infrastructure Limited
 
 - Navneet Realtors Private Limited
 
 - Neha Infracon (India) Private Limited
 
 - New Hind Enterprises Private Limited
 
 - Nilanchal Realtors Private Limited
 
 - Noida Marketing Private Limited
 
 - Oni Projects Private Limited
 
 - P.S. Realtors Private Limited
 
 - Paavan Buildcon Private Limited
 
 - Panchvati Buildwell Private Limited
 
 - Parasnath And Associates Private Limited
 
 - Parsvnath Dehradun Info Park Private Limited
 
 - Parsvnath Indore Info Park Private Limited
 
 - Parsvnath Gurgaon Info Park Private Limited
 
 - Parasnath Travels & Tours Private Limited
 
 - Parsvnath Biotech Private Limited
 
 - Parsvnath Buildwell Private Limited (formerly, Aadarshini Buildwell
 Private Limited ) **
 
 - Parsvnath Estate Developers Private Limited (Formerly, Farhat
 Developers Private Limited) #
 
 - Parsvnath Knowledge Park Private Limited
 
 - Parsvnath Cyber City Private Limited
 
 - Parsvnath Promoters And Developers Private Limited (Formerly, Luba
 Real Estate Private Limited) #
 
 - Parsvnath Realcon Private Limited (Formerly, Momentous Developers
 Private Limited) **
 
 - Palakkad Infrastructure Private Limited
 
 - Parikrama Infrastructure Private Limited
 
 - Pearl Propmart Private Limited
 
 - Perpetual Infrastructure Private Limited
 
 - Pradeep Kumar Jain & Sons (HUF)
 
 - Prasidhi Developers Private Limited
 
 - Prastut Real Estate Private Limited
 
 - Prosperity Infrastructures Private Limited
 
 - Rangoli Buildcon Private Limited
 
 - Rangoli Infrastructure Private Limited
 
 - Sadgati Buildcon Private Limited
 
 - Samiksha Realtors Private Limited
 
 - Sapphire Buildtech Private Limited
 
 - Scorpio Realtors Private Limited
 
 - Sharmistha Realtors Private Limited
 
 - Silverstreet Infrastructure Private Limited
 
 - Snigdha Buildwell Private Limited
 
 - Springdale Realtors Private Limited
 
 - Stupendous Buildtech Private Limited
 
 - Suksma Buildtech Private Limited
 
 - Sumeru Developers Private Limited
 
 - Sureshwar Properties Private Limited
 
 - Timebound Contracts Private Limited
 
 - Vardaan Buildtech Private Limited
 
 - Vinu Promoters Private Limited
 
 - Parsvnath Realcon Private Limited (Subsidiary of Parsvnath Buildwell
 Private Limited)
 
 - Parsvnath Developers (GMBT) Private Limited
 
 - Parsvnath Developers (SBBT) Private Limited
 
 - Jarul Promoters & Developers Private Limited
 
 - Baasima Buildcon Private Limited
 
 - Vital Buildwell Private Limited
 
 - ceased to be a related party during the year ** Became joint ventures
 during the year
 
 - Became subsidiaries during the year
 
 iii.  Joint Ventures
 
 - Parsvnath Hessa Developers Private Limited (Formerly Hessa Realtors
 Private Limited) *
 
 - Ratan Parsvnath Developers AOP
 
 - Parsvnath Developers AOP
 
 - Parsvnath Buildwell Private Limited (Formerly Aadarshini Buildwell
 Private Limited)
 
 * ceased to be Joint Venture by virtue of Accounting Standard (AS-21)
 on Rs.Consolidated Financial Statements''
 
 iv.  Key Management Personnel
 
 - Mr. Pradeep Kumar Jain, Chairman
 
 - Mr. Sanjeev Kumar Jain, Managing Director & CEO
 
 - Dr. Rajeev Jain, Whole-time Director
 
 - Mr. G.R. Gogia, Whole-time Director
 
 v.  Relatives of Key Management Personnel (with whom the Company had
 transactions)
 
 - Mrs. Nutan Jain (Wife of Mr. Pradeep Kumar Jain, Chairman)
 
 26.  The Company has no outstanding derivatives or foreign currency
 exposure as at the end of the year.
 
 27.  Previous year''s figures have been regrouped/rearranged where
 necessary to conform to current year''s presentation.