1.  In compliance with AS 22 issued by ICAI on Accounting for the taxes
 of Income, a sum of Rs 404430/- (previous year Rs.386520/-) has been
 considered as deferred tax Assets in respect of timing difference for
 the year under consideration and the same has been credited to profit &
 loss account.
 
 2.  The quoted investments are stated at cost. A provision for
 diminution in value is made if the diminution seems to be of permanent
 nature. An amount of Rs.20,72,000/- was reversed in the provisions
 during the year under consideration as the value of shares of Indian
 Acrylics Limited increased as compared to previous year .The overall
 provision towards diminution in the value of shares stands at
 Rs.1,61,32,000/- as on 31.03.2011
 
 3.  Contingent liabilities not provided for amount to Rs. NIL (Previous
 Year NIL)
 
 4.  In the opinion of the Board, the current assets, loans & advances
 are approximately of the value stated, if realised in the ordinary
 course of business. The provision for all known liabilities are
 adequate and not in excess of amount considered reasonably necessary.
 
 5.  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.
 
 6.  Debit and credit balance in the accounts of a few suppliers and
 others are subject to confirmation and reconciliation.
 
 7.  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.
 
 (d).  Services.
 
 8.  Related Party Disclosures
 
 Detail of transactions entered into with related parties during the
 year as required by Accounting Standard 18 on Related Party
 Disclosures issued by the Institute of Chartered Accountants of India
 are as under: -
 
 a.  Key Management Personnel:
 
 Sh. R.K. Garg Chairman
 
 Sh. Sanjay Garg Executive Director
 
 Sh. H.K. Singhal Director
 
 b.  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.
 
 c.  No transactions have taken place during the year with the relatives
 of the key Management Personnel.
 
 9.  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.
 
 10.  The company has taken the Group Gratuity and Group Leave
 encashment policies from LIC and entire premiums demanded by them for
 the year 2010-11 have been paid / provided for as per the requirements
 of AS – 15.
 
 11.  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.
 
 12.  Schedule A to S form an integral part of Balance Sheet, Profit &
 Loss Account and Cash Flow Statement.