1. Managerial remuneration under Section 198 of the companies Act 1956,
 paid or payable during the financial year as under :
 
 During the year no remuneration has been paid to the whole time
 directors as the remuneration has been waived by the whole time
 director.
 
 2. As per the information available with the company, there is no small
 scale (SSI) undertakings to whom the company owes a sum which is
 outstanding for more than 30 days. The company has not received any
 information from the supplier regarding their status under the Micro
 Small & Medium Enterprises Development Act, 2006 and hence disclosures,
 if any, relating to amount unpaid as at the end together with interest
 paid/ payable as required under the said Act have not been given.
 
 3.  Disclosure as per Accounting Standard 15 (Revised)
 
 Gratuity: There are no define benefit plan for gratuity as there are
 only two employee entitle to gratuity and the amount of gratuity
 payable is in not material.  Leave Encashment: Provision for leave
 encashment has not been made in Accounts, as per the present service
 rules the leave is required to be enjoyed or utilized. Hence no leave
 entitlement is permissible.
 
 4. Out of 5,07,913 Equity shares of Atcom Technologies Ltd, 50,000
 Equity shares held by the company are lying with the Income Tax
 authority in connection with long pending income tax mater.
 
 5.  Contingent Liabilities:
 
 Pursuant of the Accounting Standard (AS 29) – Provisions, Contingent
 Liabilities and Contingent Assets, the disclosure relating to
 provisions made in the accounts for the year ended 31st March 2011 is
 as follows:
 
 a) Income tax Demand aggregating to Rs.2.31 lacs which had been
 disputed by company and appeal has been filed by company. (Previous
 year Rs.2.31 Lacs)
 
 b) Sales Tax liability in respect of disputed cases amounting to
 Rs.25,94,078/- (Previous year Rs.25,94,078/-)
 
 c) Central Excise liability in respect of disputed case amounting to
 Rs.50,00,000/- (Previous year Rs.50,00,000/-)
 
 d) Punjab Small Industries & export Corporation Limited in respect of
 disputed case for purchasing of land amounting to Rs.58,70,877/-
 (Previous year Rs.58,70,877/-).
 
 6.  Operating Lease:
 
 The Corporation has taken various residential / commercial premises and
 plant machinery under operating leases.  Theses lease agreements are
 normally renewed on expiry.  The lease payments recognized in Profit &
 Loss Account is Rs.9.66 lakhs (Previous year Rs.15.28 lakhs).
 
 7. The Company has transferred its business of Packaged Drinking water
 as ongoing concern on slump sales basis w.e.f. 1st January 2011 to its
 wholly owned subsidiary Company, Geo Thermal water Ltd.
 
 8. Company has also transferred its business of organized retailing of
 Industrial & Business supplies Stores as on going concern on slump
 sales basis w.e.f. closing hours of business of 31st March 2011 to its
 wholly owned subsidiary Company Atco Ltd (Formerly known as Geo water
 Technologies Ltd ).
 
 9. Disclosure of Loans / Advances to Subsidiaries, Associate Companies
 etc. (As required by clause 32 of the Listing agreement with Stock
 Exchanges)
 
                                         (Rs. in Lacs)
 
 Subsidiaries  Company                     Amount
 
 Atcomaart Services Limited                362.61
 
 12 Related Party disclosures
 
 (a) Name of the related parties where control exists
 
 Name of the related party Nature of relationship
 
 Subsidiary
 
 1 Varuna Drinking Water Solution Ltd.
 
 2 Geo Thermal Water Ltd. (100% Subsidiary of Varuna Drinking Water
 Solution Ltd.)
 
 3 Geo Aquatech Limited (100% Subsidiary of Varuna Drinking Water
 Solution Ltd.)
 
 4 Atco Limited
 
 5 Atcomaart Services Ltd.
 
 6 E-Desk Services Ltd
 
 7 Innovamedia Publications Ltd
 
 (b) Related parties with whom transactions have taken place during the
 period
 
 Nature of relationship
 
 Enterprises over which key management personnel and their relatives are
 able to exercise significant influence.
 
 Name of the related party
 
 1 Kimaya Wellness Ltd.
 
 2 Kimaya Shoppe Ltd.
 
 3 Covet Securities & Leasing Pvt. Ltd.
 
 4 Anewera Marketing Pvt Ltd
 
 5 Doshi Enterprises Pvt. Ltd.
 
 6 Atco Water Technologies Ltd.
 
 7 Smart Sensors & Transducers Ltd.
 
 Managing Director Director
 
 8 Vikram A. Doshi
 
 9 Leena V. Doshi
 
 10.  Segment information
 
 a Segment information for primary segment reporting (by business
 segment) The Company has three reportable business segments:
 
 - Packaged Drinking Water
 
 - Industrial Business Supply Stores
 
 - Software/ software products/ information technology services
 (software)
 
 b The Company has only one reportable geographical segment and hence
 disclosures for secondary segment are not given.