Note: In compliance with AS22 issued by ICAI on accounting for taxes on
 Income, a sum of Rs.358910/- has been considered as differed tax Assets
 in respect of timing difference for the year under consideration and
 the same has been credited to Profit & Loss A/c
 
 *Note:- Trade payable does not include any amount payable to Micro and
 small undertaking which is outstanding for more than 45 days as at
 31.03.2012 (Previous year A/c Nil)
 
 *Note:- Advance from customers included Rs 65 00 Lac received from two
 customers against sale of shops at Sab Mall,Noida(U.P)
 
 * Note:- The quoted investments are stated at cost. A provision for
 diminution in value is made if the diminution seems to be of permanent
 nature. A provision of Rs. 1 20,62,000/- has been made during the year
 under consideration as the value of shares of Indian Acrylics Limited
 decreased as compare to previous year. The overall provision towards dim
 notion in the value of shares stands at Rs 2,81,94,000/- as on
 31.03.2012
 
 * Directors Remuneration included in above is as under
 
 * Note:- The details of Auditors Remuneration is as under.
 
 1.  Contingent liabilities not provided for amount to Rs. NIL (Previous
 Year NIL)
 
 2.  In the opinion of the Board, the current assets, loans & advances
 are approximately of the value stated, if realized in the ordinary
 course of business. The provision for all known liabilities are
 adequate and not in excess of amount considered reasonably necessary.
 
 3.  Sales Tax liability/Service Tax liability has been provided for as
 per returns filed. Liability arising on assessment, if any, shall be
 provided for at the time of final assessment.
 
 4.  Debit and credit balance in the accounts of a few suppliers and
 others are subject to confirmation and reconciliation.
 
 5.  The accounting policies adopted for segment reporting are in line
 with the accounting policies of the company. The company has considered
 following business segments for disclosure.
 
 (a). Real Estate business.
 
 (b). Infrastructure Project of commercial parking under ''Built, Operate
 and Transfer'' scheme.
 
 (c). Trading and Agency business.
 
 Note:- Diluted Earnings per share is not applicable as the same is anti-
 dilutive
 
 6.  Leases
 
 The company has leased facilities for rent receivable under cancellable
 and non-cancellable operating leases arrangements with lease term
 ranging from one to nine years, which are subject to renewal at mutual
 consent thereafter. The cancellable arrangements can be terminated by
 either party after giving due notice. The lease rent received
 recognized during the year amounts to Rs.241.40 lacs (previous year
 Rs.189.82 lacs). The future minimum lease rent receivable in respect of
 the non-cancellable operating leases as at 31st March 2012 are:
 
 7.  Related Party Disclosures
 
 Detail of transactions entered into with related parties during the
 year as required by Accounting Standard - 18
 
 a.  Enterprises over which Key Management Personnel (KMP) are able to
 exercise significant control and with whom transactions have taken
 place during the year:-
 
 Sh. R.K. Garg, Sab Udyog Ltd., Sab Industries Ltd., Steel Strips Ltd.
 
 b.  No transactions have taken place during the year with the relatives
 of the key Management Personnel.
 
 8.  Additional information pursuant to the provision of Paragraphs 3 &
 4 of Part II of Schedule VI of the Companies Act,1956:
 
 a).  The company is primarily dealing in Real Estate, Infrastructure
 and Trading & Agency business activities; hence the quantitative data
 is not applicable.
 
 b).  There was no employee during the year (previous year nil) who was
 drawing a remuneration of not less than Rs. 6000000/- per annum, if
 employed throughout the year, or not less than Rs. 500000/- per month
 if employed for a part of the year.
 
 9.  The company has taken the Group Gratuity and Group Leave
 encashment policies from LIC and entire premiums demanded by them for
 the year 2011-12 have been paid / provided for as per the requirements
 of AS - 15.
 
 10.  a). Previous year figures have been regrouped and re-arranged
 wherever considered necessary to make them comparable with those
 current year.  
 
 b). Figures have been rounded off to the nearest rupee.
 
 11.  Note No. 1 to 11 form an integral part of Balance Sheet, Profit &
 Loss Account and Cash Flow Statement.