1.  In the opinion of the Directors the Current Assets and creditors
 have the value at which they are stated in the balance sheet, if
 realized in the ordinary course of business. The provision for all
 known Liabilities is adequate and not in excess of the Amount
 reasonably necessary.
 
 2.  Since the Company does not carry on any manufacturing activity, the
 particulars in respect of quantitative details as required by Para 4
 (c) and 4 (d) of Part II to Schedule VI of the Companies Act, 1956 are
 not applicable.
 
 3.  REVENUE RECOGNITION:
 
 Income & expenses considered receivable and payable are accounted for
 on accrual basis when no significant uncertainties as to its
 realization or determination exist.
 
 4.  Expenditure in Foreign Currency during the year Rs. Nil (Previous
 Year - Rs. NIL)
 
 5.  As per the guidelines provided under AS-13 on Accounting for
 Investments all the long term unquoted investments and are stated At
 Cost. Cost Includes Purchase Cost and the cost of Acquisition.
 
 6.  The Liability for Retirement benefits as per Accounting Standard
 -15 in view of absence of employees. Provision during the year is Rs
 NIL. (previous Year Rs. nil)
 
 7.  Amount of Borrowing Cost capitalized as per Accounting Standard 16
 during the year is Rs. NIL (Previous Year Rs NIL).
 
 8.  Since the Company is operating its Investment Activity only in one
 Segment no Segment wise Reporting per accounting Standard AS-17 is
 provided.
 
 9.  Related party Disclosures:
 
 As per Accounting Standard 18, issued by The institute of Chartered
 Accountants of India, the disclosure of transactions with the related
 parties as defined in the Accounting Standard are given below:
 
 (i) List of related parties where control exists and related parties
 with whom transactions have not token place and relationships:
 
 
 Sr 
 No.  Name of the Related Party        Relationship
 
 1.   Sheth Realcon Ventures Pvt. 
      Ltd.                             Associate Concerns
 
 2.   Sheth Estate (International) 
      Ltd.
 
 3.   Middle East Exports Pvt. Ltd.
 
 4.   Sheth Building Materials Pvt. 
      Ltd.
 
 5.   Lohitka Properties Pvt. Ltd.
 
 6.   Attaz Digi-Tel Pvt. Ltd.
 
 7.   Sheth Infrastructure Pvt Ltd
 
 8.   Laxmiprabha Impex & Investments 
      Pvt. Ltd.
 
 9.   Sheth Shelters
      Pvt.Ltd.
 
 10.  Sheth Developers and Realtors 
      (I) Limited                      Subsidiary Company
 
 11.  Sheth Developers Pvt Ltd.        Holding Company
 
 12.  Ashwin N. Sheth                  Directors / Key
 
 13.  Jitendro N. Sheth                Management Personnel
 
 14.  Vallabh N. Sheth
 
 15.  Sheth Vasantben Natwarlal 
      Charitable Trust                 Enterprises over which key
                                       managerial personnel are 
                                       able to exercise significant
                                       influence.
 
 
 10.  As required by Accounting Standard - 20 the basic and Diluted
 (EPS) during the year is Rs. {0.81) [ Previous Year Rs. 0.44 ] arrived
 at by dividing net profit/ (loss) for the year after lax (NPAT) by the
 total number of Equity Shares issued and subscribed as at the end of
 the year.
 
 11.  The Disclosure of Financial Information about the subsidiary has
 been made as per the requirements of Accounting Standard 21 -
 Consolidated Financial Statements.
 
 12.  DEFERRED TAXATION :
 
 The break up of Net Deferred Tax Asset as at March 31. 2010. comprising
 of temporary differences between the profit as per financial statements
 and profit as per Income tax as recognized in the profit & loss account
 is as under: Deferred tax assets subject to the consideration of
 prudence are recognized and carried forward only to the extent that
 there is a reasonable certainty that sufficient future taxable income
 will be available against which such deferred tax assets can be
 realised.
 
 Therefore the DTA recognized in the earlier years has been reversed
 during the year.
 
 13. The Disclosure of Investments made in Associate concern other than
 those in subsidiary concern has been made as per the requirements of
 Accounting
 
 14.  There is no joint venture arrangement or control over operations
 requiring disclosure of per Requirements of AS -27 Financial Reporting
 of Interest in Joint ventures. 
 
 15. PRIOR PERIOD COMPARIIIVES:
 
 Prior period figures have been regrouped/ reclassified wherever
 necessary for comparative purpose.