1 Corporate Information
 
 STEL Holdings Limited (the Company) is a Company registered under the
 Companies Act, 1956 and is listed on the Bombay Stock Exchange and
 National Stock Exchange. The Company is in the business of investments.
 The Company is in the process of applying to the Reserve Bank of India
 for registration as a Core Investment Company.
 
 4 Terms and rights attached to equity shares
 
 The Company has only one class of shares referred to as equity shares
 having a par value of Rs. 10/- per share. Each holder of equity shares
 is entitled to one vote per share. The Company declares and pays
 dividends in Indian rupees.  The dividend proposed by the Board of
 Directors is subject to the approval of the shareholders in the ensuing
 Annual General Meeting. The Board of Directors do not propose any
 dividend during the current year. No dividend was declared in the
 preceding year.
 
 In the event of liquidation of the Company, the holders of equity
 shares will be entitled to receive any of the remaining assets of the
 Company, after distribution of all preferential amounts. However, no
 such preferential amounts exist currently. The distribution will be in
 proportion to the number of equity shares held by the shareholders.
 
 Deferred tax
 
 Deferred tax asset on account of unabsorbed tax losses is not
 recognized during the year since there is no virtual certainty of
 taxable profits in the foreseeable future which would offset the asset
 as the Company has mainly one source of income being dividend which is
 exempt under Income Tax Act.
 
 2. Segement Information
 
 The Company''s income for the year consisted of dividend, interest and
 income from disposal of investments and accordingly there are no
 reportable segments.
 
                                                    (Amount in Rs.)
                                 March 31, 2012    March 31, 2011
 
 2.1 Contingent Liabilities          Nil               Nil
 
 2.2 Derivative instruments and 
 unhedged foreign currency exposure   Nil               Nil
 
 2.3 Loans and advances in the 
 nature of loans given to subsidiaries
 and associates and firms/companies 
 in which directors are interested.
 Advance to Universal Industrial 
 Fund Ltd. for purchase of shares    42,110,756      42,110,756
 
 Maximum amount outstanding 
 during the year                     42,110,756      42,110,756
 
 2.4 Details of dues to micro, small and medium enterprises as defined
 under the Micro, Small and Medium Enterprises Development Act, 2006
 
 The Company has not received any intimation from its vendors regarding
 their status under Micro, Small and Medium Enterprises Development Act,
 2006 and hence disclosures, if any, required under the said Act have
 not been made.
 
 2.5 Previous years figures
 
 Till the year ended March 31, 2011, the Company was using pre-revised
 Schedule VI to the Companies Act 1956, for preparation and presentation
 of its financial statements . During the year ended March 31, 2012, the
 revised Schedule VI notified under the Companies Act 1956, has become
 applicable to the Company. The Company has reclassified previous year
 figures to confirm to this year''s classification .Except accounting for
 dividend on investments in subsidiaries, the adoption of revised
 Schedule VI does not impact recognition and measurement principles
 followed for preparation of financial statements. However , it
 significantly impacts presentation and disclosures made in the
 financial statements, particularly presentation of Balance Sheet.