1.1 The Real Estate and Warehousing division of Transport Corporation
of India Ltd. stood transferred to the Company effective from 1st April
2010 in terms of the Scheme of Arrangement between the Company and
Transport Corporation of India Ltd. as approved vide order dated 15 th
September 2010 of The Hon''ble Andhra Pradesh High Court. Necessary
effects in the accounts were taken in the previous financial year ended
31st March 2011.
1.2 Exceptional Items, as referred in Statement of Profit and Loss
consists of costs related to equity shares issued and allotted as per
the Scheme of Arrangement. These preliminary expenses have been written
off in the year the same were incurred.
1.3 In the opinion of Board of Directors and to the best of their
knowledge and belief, the value on realization of current assets, loans
and advances in the ordinary course of business, would not be less than
the amount at which the same are stated in the Balance Sheet.
1.4 Preliminary expenses being intangible asset, written off fully as
per Accounting Standard.
1.5 Contingent Liabilities and Commitments (to the extent not provided
for) 31-03-2012 31-03-2011
Contingent Liabilities - -
Estimated amount of contracts remaining to be
executed for Project in Progress 11,167,618 -
1.6 Previous year''s figures have been regrouped and rearranged, wherever found necessary