Notes to Accounts of Ramsons Projects Ltd.

Mar 31, 2026

o) Provisions, Contingent Assets and Contingent Liabilities

Provisions are recognised only when:

• the Company has a present obligation (legal or constructive) as a result of a past event;

• it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation; and

• a reliable estimate can be made of the amount of the obligation.

Provision is measured using the cash flows estimated to settle the present obligation. When
the effect of time value of money is material, the carrying amount of the provision is the
present value of those cash flows.

A contingent liability is disclosed in case of: (i) a possible obligation arising from past events
whose existence will be confirmed only by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the Company, or (ii) a present

obligation arising from past events where it is not probable that an outflow of resources
embodying economic benefits will be required to settle the obligation, or the amount cannot
be measured with sufficient reliability.

Contingent assets are not recognized but disclosed where an inflow of economic benefits is
probable. Provisions, contingent liabilities, and contingent assets are reviewed at each
balance sheet date.

Note: The NBFC-specific provisioning norms (Standard Assets, Sub-standard, Doubtful, Loss
Assets provisioning as per RBI’s IRACP/IRAC norms) are no longer applicable to the Company
from 19^th September 2025, being the date of cancellation of the Company’s NBFC Certificate
of Registration.

p) Cash and Cash Equivalents

Cash and cash equivalents include cash in hand, balances with banks in current accounts,
and fixed deposits with a maturity of three months or less from the date of acquisition that
are subject to an insignificant risk of changes in value. Fixed deposits with maturity of more
than three months are classified under Other Bank Balances. Fixed deposits with maturity
of more than twelve months are classified as Non-Current Financial Assets.

q) Statement of Cash Flows

The Statement of Cash Flows has been prepared under the Indirect Method as set out in Ind
AS 7 “Statement of Cash Flows”, segregating cash flows from operating, investing, and
financing activities. Cash flow from operating activities is reported by adjusting profit before
tax for the effects of changes in working capital, non-cash items such as depreciation and
provisions, and items for which the cash effects are investing or financing cash flows.

NOTE 24 - OTHER DISCLOSURES

24.1 Voluntary Surrender of NBFC Registration

Pursuant to the Company’s application for voluntary surrender of its NBFC registration, the
Reserve Bank of India (“RBI”), vide its Order dated 19^th September 2025, approved the
cancellation of the Company’s Certificate of Registration as a Non-Banking Financial
Company (“NBFC”). Consequently, the Company ceased to be an NBFC with effect from the
said date, and accordingly:

• The requirement to create and maintain a Statutory Reserve under Section 45-IC of
the Reserve Bank of India Act, 1934 is no longer applicable. Therefore, no Statutory
Reserve under Section 45-IC was created for the financial year ended 31st March
2026.

• The financial results are presented in the format applicable to non-NBFC, listed
companies, i.e., Schedule III Division II of the Companies Act, 2013.

• Comparative figures for the current period and earlier periods have been regrouped
and reclassified wherever necessary.

• NBFC-specific disclosures under RBI circulars (including IRACP norms, comparison
with Ind AS 109 impairments, etc.) are not applicable for the year ended 31st March
2026.

24.2 Investments At Fair Value Through Other Comprehensive Income (FVOCI) - Equity
Instruments

The Company has designated its investments in quoted equity instruments as at Fair Value
through Other Comprehensive Income (FVTOCI) on an irrevocable, instrument-by¬
instrument basis as permitted under Ind AS 109. These investments are not held for trading.
Dividend income from such investments is recognized in the Statement of Profit and Loss.

24.4 Income Tax Expense - Reconciliation (Effective Tax Rate)

As required under Ind AS 12, the following is a reconciliation of tax expense applicable to the
Company''s accounting profit at the statutory income tax rate to the actual tax expense
recognized:

24.5 - Deferred Tax - Movement and Component-Wise Disclosure

The following is the component-wise break-up and movement of Deferred Tax Assets (DTA)
and Deferred Tax Liabilities (DTL) for FY 2025-26:

24.8 Micro, Small and Medium Enterprises (MSME)

The Company has no outstanding balance towards the vendors which are registered under
“The Micro, Small and Medium Enterprises Development Act, 2006” and hence disclosure
related to amounts unpaid as at the year-end, together with interest paid/payable under this
Act, was not required to be given.

24.9 Contingent Liabilities and Commitments

(i) There are no litigations pending against the Company except with the Commissioner of
Income Tax (Appeals) in relation to income tax demand of Rs. 8.77 Lakhs for the Assessment
Year 2012-13. In the opinion of the management, the said demand is likely to be resolved in
favour of the Company.

(ii) There are no capital commitments outstanding as at 31st March 2026 (Previous Year: Nil).

(iii) The Company has no contingent assets as at 31st March 2026.

24.10 Related Party Disclosures (as per Ind AS 24)

In accordance with the requirements of Indian Accounting Standard (Ind AS - 24) “Related
Party Disclosures”, the names of related parties where control exists/the Company is able to
exercise significant influence, along with the aggregate transactions and year-end balances
with them, as identified and certified by the management, are given at Note no. 23.

24.11 Other Statutory Information:

i. The Company does not have any such transaction which is not recorded in the
books of accounts that has been surrendered or disclosed as income during the
year in the tax assessments under the Income Tax Act, 1961 (Such as search or
survey or under any other relevant provisions of the Income Tax Act l961).

ii. The provision of Section 135 of the Companies Act, 2013 regarding CSR is not
applicable to the Company for the year ended 31 March 2026.

iii. The Company has not traded or invested in Crypto currency or Virtual currency
during the financial year.

iv. The Company does not have any immovable property (other than properties where
the Company is the lessee and the lease agreements are duly executed in favour of
the lessee) whose title deeds are not held in the name of the company.

v. The Company has not revalued its Property, Plant or Equipment during the year.

vi. The Company has no transaction during the year in the nature of Loans or
Advances given to Promoters, Directors and KMPs.

vii. There is no Capital Work-in Progress (CWIP) at the end of the year.

viii. There are no Intangible assets under development at the end of the year.

ix. The Company does not have any Benami property, and no proceedings have been
initiated or pending against the company for holding any Benami property under
the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made
thereunder.

x. The Company has no borrowings from banks or financial institutions on the basis
of security of current assets.

xi. The Company has not been declared willful defaulter by any bank or financial
institution or other lender.

xii. The Company does not have any transactions during the year with Struck off
Companies.

xiii. The Company does not have any registration or satisfaction of charges, which is
yet to be registered with ROC beyond the statutory period.

xiv. The Company does not have any subsidiary company and hence, provisions related
to the number of layers prescribed under clause (87) of section 2 of the Act read
with Companies (Restriction on number of Layers) Rules, 2017 are not applicable
to the company.

xv. In the case of the Company, no Scheme of Arrangements has been filed or approved
by the Competent Authority in terms of sections 230 to 237 of the Companies Act,
2013.

xvi. The Company has not advanced or given loans or invested funds to any other
person(s) or entity(ies), including foreign entities (Intermediaries) with the
understanding that the Intermediary shall:

a. Directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

b. Provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries

xvii. The Company has not received any funds from any person(s) or entity(ies),
including foreign entities (Funding Party) with the understanding (whether
recorded in writing or otherwise) that the Group shall:

c. Directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Funding Party (Ultimate
Beneficiaries) or

d. Provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries

24.12 Previous Year Figures

Previous year figures have been re-grouped, re-arranged, and reclassified wherever
considered necessary to make them comparable with the current year presentation. Amounts
and other disclosures for the preceding year are included as an integral part of the current

year financial statements and are to be read in relation to the amounts and disclosures for
the current year.

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Mar 31, 2025

n) Provisions, Contingent Assets and Contingent Liabilities:

loans portfolios are classified as standard, sub-standard, doubtful and loss assets as follows:

A disclosure is made for a contingent liability when there is a:

• Possible obligation, the existence of which will be confirmed by the occurrence /non¬
occurrence of one or more uncertain events, not fully within the control of the
company;

• Present obligation, where it is not probable that an outflow of resources embodying
economic benefits will be required to settle the obligation;

• Present obligation, where a reliable estimate of the amount of the obligation cannot
be made.

Contingent assets are neither recognized nor disclosed except when realisation of income is
virtually certain, related asset is disclosed.

NOTE NO. 18 - OTHER DISCLOSURES

(1) Previous year figures have been re-grouped, re-arranged and reclassified wherever
considered necessary. Amounts and other disclosures for the preceding year are
included as an integral part of the current year financial statements and are to be read
in relation to the amounts and other disclosures relating to the current year.

(4) The Company has not received information from vendors regarding their status under
“The Micro Small and Medium Enterprises Development Act, 2006” and hence
disclosure related to amounts unpaid as at the year-end together with interest
paid/payable under this Act has not been given.

(5) The Company has recognized impairment allowance on Loans as required by IndAS
109. The comparison between provisions required under IRACP and impairment
allowances made under Ind AS 109 has been provided as below which is required by
Reserved Bank of India under Notification no. RBI/2019-20/170 dated 13 March 2020:

(6) There are no litigations pending against the company except with the Commissioner of
Income Tax (Appeals) in relation to income tax demand of Rs. 8.77 Lakhs for the
assessment year 2012-13.

(7) There is no loan given or outstanding to Directors, Senior officers and relatives of
Directors.

(8) Related Party Disclosure (as identified by the management):

In accordance with the requirements of Indian Accounting Standard (IND AS - 24)
“Related Party Disclosures” the names of the related party where control exists /able to
exercise significant influence along with the aggregate transactions and year end
balances with them as identified and certified by the management.

For NVM & Co. For and on behalf of the Board of Directors of

Chartered Accountants Ramsons Projects Limited

FRN: 012974N T

----1(2(Chartered \5>]\ ?,___ V «

CA SACHIN (Yogesh Kumar Sachdeva) (Sundeep Kalsi)

Partner _: - Managing Director Director

Membership No. 537682 DIN: 00171917 DIN: 01493597

(Sushma) (CS Ashwarya

Maheshwari)

Chief Financial Officer Company Secretaiy

PAN: ADKPJ1880C M. No. ACS71660

Date: 22-May-2025
Place: Gurugram

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Mar 31, 2024

“)	Provisions, Contingent Assets and Contingent Liabilities: loans portfolio are classified as standard, sub-standard, doubtful and loss assets as follows
	Asset classification	Arrear period	Provisioning percentage
	Standard assets	Overdue less than 90 days	0.40%
	Non-performing assets
	Sub-standard assets	Overdue for 90 days or more and less than 120 days	50.00%
	Doubtful assets	Overdue for a period of 120 days or more	100.00%
	Loss assets	As decided by management	100,00%

A disclosure is made for a contingent liability when there is a:

• Possible obligation, the existence of which will be confirmed by the occurrence / nonoccurrence of one or more uncertain events, not fully within the control of the company;

• Present obligation, where it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation;

• Present obligation, where a reliable estimate of the amount of the obligation cannot be made,

Contingent assets are neither recognized nor disclosed except when realisation of income is virtually certain, related asset is disclosed.

NOTE NO. 19 - OTHER DISCLOSURES

(1) Previous year figures have been re-grouped, re-arranged and reclassified wherever considered necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to current year.

(4) The Company has not received information from vendors regarding their status under “The Micro Small and Medium Enterprises Development Act, 2006* and hence disclosure related to amounts unpaid as at the year-end together with interest paid /payable under this Act has not been given.

(5) The Company has recognized impairment allowance on Loans as required by IndAS 109. The comparison between provisions required under IRACP and impairment allowances made under Ind AS 109 has been provided as below which is required by Reserved Bank of India under Notification no. RB1/2019-20/170 dated 13 March 2020:

(6) There are no litigations pending against the company except with the Commissioner of Income Tax (Appeals) in relation to income tax demand of Rs. 8,77 Lakhs for the assessment year 2012-13,

(7) There is no loan given or outstanding to Directors, Senior officers and relatives of Directors.

(8) Related Party Disclosure (as identified by the management):

Related Parties are classified under following Categories as:

a) Holdings/Subsidiaries:

There is no holding/subsidiary as on 31,03,2024.

b) Associates:

There is no associate as on 31.03.2024.

c) Individuals having control or significant influence over the company:

Mr. Sunil Sachdeva

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Mar 31, 2015

Not available

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Mar 31, 2014

Backgroud

Ramsons Projects Limited (''the Company'') was incorporated on 22-12-1994 as Ramsons Finlease Ltd. The name of the company was changed from Ramsons Finlease Ltd. to Ramsons Projects Ltd. on 28-10-1997. The company holds a Certificate of Registration (COR) as Non-Banking Financial Institution, without accepting public deposits, registered with the Reserve Bank of India (''RBI'') under section 451A of the Reserve Bank of India Act, 1934 and is primarily engaged in lending and investment activities.

NOTE NO.-1- OTHER DISCLOSURES

(1) Previous year figures have been re-grouped, re-arranged and reclassified wherever considered necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to current year.

(2) In the opinion of the Board of Directors, any of the assets other than Fixed Asset and Non-current Investments have a value on realization in the ordinary course of business at least equal to the amounts at which they are stated in the balance sheet.

(3) Related Party Disclosure (as identified by the management):

Related Parties are classified under following Categories as:

a) Subsidiaries:

There is no subsidiary as on 31.03.2014.

b) Associates:

There is no associate as on 31.03.2014.

c) Individuals having control or significant influence over the company:

Mr. Sunil Sachdeva

d) Enterprises in which Key Management Personnel or Individual having control or significant influence over the company have significant influence:

Savitri Overseas

SAS Servizio Pvt. Ltd. S.A.S. Infotech Pvt. Ltd. S V Corporation Pvt. Ltd. A&I Buildcon Pvt. Ltd. Sumel Project Pvt. Ltd. SAS Infrabuild Pvt. Ltd.

2. CONTINGENT PROVISIONS AGAINST STANDARD ASSETS

PROVISION ON STANDARD ASSETS AS PER RBI

OPENING BALANCE 31,501 50,880

ADD/(REDUCED) DURING THE YEAR (13,610) (19,379)

17,891 31,501

3. Notes:

1. The company has identified Business Segments as Primary Segments. The Reportable Segments are "Financial Activities", Investment Activities".

2. Amount of deferred tax has been shown under "Unallocated Corporate".

3. There is no reportable Geographical Segment as the sales Business dealings of the company is in India Only.

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Mar 31, 2013

Backgroud

Ramsons Projects Limited (''the Company'') was incorporated on 22-12-1994 as Ramsons Finlease Ltd. The name of the company was changed from Ramsons Finlease Ltd. to Ramsons Projects Ltd. on 28-10-1997. The company holds a Certificate of Registration (COR) as Non-Banking Financial Institution, without accepting public deposits, registered with the Reserve Bank of India (''RBI'') under section 451A of the Reserve Bank of India Act, 1934 and is primarily engaged in lending and investment activities.

(1) Previous year figures have been re-grouped, re-arranged and reclassified wherever considered necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to current year.

(2) In the opinion of the Board of Directors, any of the assets other than Fixed Asset and Non-current Investments have a value on realization in the ordinary course of business at least equal to the amounts at which they are stated in the balance sheet.

(3) Related Party Disclosure (as identified by the management):

Related Parties are classified under following Categories as:

a) Subsidiaries:

There is no subsidiary as on 31.03.2013.

b) Associates:

There is no associate as on 31.03.2013.

c) Individuals having control or significant influence over the company:

Mr. Sunil Sachdeva

e) Enterprises in which Key Management Personnel or Individual having control or significant influence over the company have significant influence:

Savitri Overseas SAS Servizio Pvt. Ltd. S.A.S. Infotech Pvt. Ltd. S V Corporation Pvt. Ltd. A&I Buildcon Pvt. Ltd. Sumel Project Pvt. Ltd. SAS Infrabuild Pvt. Ltd.

(4) Deferred Tax

(a) Deferred tax has been provided in accordance with Accounting Standard-22 Accounting for taxes income issued by the Institute of Chartered Accountants of India.

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Mar 31, 2012

(1) Previous year figures have been re-grouped, re-arranged and

reclassified wherever considered necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to current year.

(2) During the year, the company has written off the value of Shares of Ramsons Fashion Limited since the company (Ramsons Fashion Ltd) has been stroked off from the Register of Registrar of Companies and the company did not receive any amount out of this investment.

(3) In the opinion of the Board of Directors, any of the assets other than Fixed Asset and Non-current Investments have a value on realization in the ordinary course of business at least equal to the amounts at which they are stated in the balance sheet.

(4) Exceptional Item

During the year, the company has disposed a piece of Land measuring 23 kanal 10 marlah situated at Village Dhorkha, Distt. Gurgaon, Haryana for a total consideration of Rs. 2,97,60,246/- and made a profit on the above transaction of Rs. 2,80,28,586/-. This profit has been shown as an exceptional item in the Profit & Loss Statement.

(5) Related Party Disclosure (as identified by the management):

Related Parties are classified under following Categories as:

a) Subsidiaries:

The Sumel Housing Finance Private Limited which was only subsidiary of the company as on 31.03.2011 is no more subsidiary as on 31.03.2012.

b) Associates:

There is no associate as on 31.03.2012.

c) Individuals having control or significant influence over the company:

Mr. Sunil Sachdeva

e) Enterprises in which Key Management Personnel or Individual having control or significant influence over the company have significant influence:

Savitri Overseas

SAS Servizio Private Limited

S.A.S. Infotech Pvt. Ltd.

Dr. Naresh Trehan and Associates Health Services Pvt. Ltd.

S V Creditline Pvt. Ltd.

S V Corporation Pvt. Ltd.

SV Teletech Pvt. Ltd.

SV Infratel Pvt. Ltd.

SAS Heights Pvt. Ltd.

Spirit Infratech Pvt. Ltd.

Spirit Infracon Pvt. Ltd.

Spirit Heights Pvt. Ltd.

Sumel Heights Pvt. Ltd.

Sumel Healthcare Pvt. Ltd.

Sumel Promoters Pvt. Ltd.

Global Infracon Pvt. Ltd.

Bridges Media Pvt. Ltd.

SAS Fininvest LLP A&I Buildcon Pvt Ltd

(6) Deferred Tax

(a) Deferred tax has been provided in accordance with Accounting Standard-22 Accounting for taxes income issued by the Institute of Chartered Accountants of India.

Notes: 1. The company has identified Business Segments as Primary Segments. The Reportable Segments are "Financial Activities", Investment Activities".

2. Amount of deferred tax has been shown under "Unallocated Corporate".

3. There is no reportable Geographical Segment as the sales Business dealings of the company is in India Only.

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Mar 31, 2011

(1) Previous year figures have been re-grouped, re-arranged and reclassified wherever considered necessary. Amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to current year.

(2) In the opinion of the Board of Directors, old debtors subject to confirmation in respect of outstanding for more than three years, the current assets and loans and advances have a value on realization in the ordinary course of business at least equal to the amounts at which they are stated in the balance sheet and provision for all known liabilities have been made in the accounts.

(3) Additional information pursuant to Para 3, 4c and 4d of Part II of the Companies Act, 1956

a) Licensed & Installed Capacity: Not Applicable

b) Quantitative Information: Not Applicable

c) There is no consumption for imported Raw Material and Consumable.

(4) Related Party Disclosure (as identified by the management):

Related Parties are classified under following Categories as:

a) Subsidiaries:

Sumel Housing Finance Private Limited (89.59 % holding)

b) Associates:

SAS Servizio Pvt. Ltd. which was associate as on 31.03.2010 is no more associate as on 31.03.2011.

c) Individuals having control or significant influence over the company:

Mr. Sunil Sachdeva

d) Key Management Personnel & their relatives:

Name Designation

Mr. R L Sachdeva Managing Director

Mr.Sunil Sachdeva Non Executive Chairman

Mr. Vinod Madan Whole Time Director

Mr. Yogesh Sachdeva Relative of Mr. Sunil Sachdeva

e) Enterprises in which Key Management Personnel or Individual having control or significant influence over the company have significant influence

Savitri Overseas

SAS Servizio Private Limited

S.A.S. Infotech Pvt. Ltd.

Sumel Housing Finance Pvt. Ltd.

Dr. Naresh Trehan and Associates Health Services Pvt. Ltd.

S V Creditline Pvt. Ltd.

S V Corporation Pvt. Ltd.

SV Teletech Pvt. Ltd.

SV Infratel Pvt. Ltd.

SAS Heights Pvt. Ltd.

Spirit Infratech Pvt. Ltd.

Spirit Infracon Pvt. Ltd.

Spirit Heights Pvt. Ltd.

Sumel Heights Pvt. Ltd.

Sumel Healthcare Pvt. Ltd.

Sumel Promoters Pvt. Ltd.

Global Infracon Pvt. Ltd.

A Design Indi Pvt. Ltd.

Bridges Media Pvt. Ltd.

SAS Fininvest LLP

(5) Deferred Tax

(a) Deferred tax has been provided in accordance with Accounting Standard-22 Accounting for taxes income issued by the Institute of Chartered Accountants of India.

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Mar 31, 2010

(1) Previous year figures have been re-grouped/re-arranged, wherever considered necessary.

(2) Contingent Liabilities:

The company has given corporate bank guarantee in favour of S.V.Teletech Private Limited amounting to Rs. 2.10 Crore taken from Union Bank of India as on 19-11 - 2008.

(3) In the opinion of the Board of Directors, old debtors subject to confirmation in respect of outstanding for more than three years, the current assets and loans and advances have a value on realization in the ordinary course of business at least equal to the amounts at which they are stated in the balance sheet and provision for all known liabilities have been made in the accounts.

(4) Additional information pursuant to Para 3,4c and 4d of Part II of the Companies Act, 1956

a)Licensed & Installed Capacity: Not Applicable

(5) Related Party Disclosure (as identified by the management):

Related Parties are classified under following Categories as:

a) Subsidiaries:

Sumel Housing Finance Prive Limited ( 99.45 % holding)

b) Associates:

SAS Servizio Pvt. Ltd.

c) Individuals having control or significant influence over the company:

Mr. Sunil Sachdeva

d) Key Management Personnel & their relatives:

Name Designation

Mr. R L Sachdeva Managing Director

Mr. Sunil Sachdeva Non Executive Chairman

Mr. Vinod Madan Whole Time Director

e) Enterprises in which Key Management Personnel and Individual having control or significant influence over the company have significant influence

Savitri Overseas

SAS Servizio Private Limited

S.A.S. Infotech Pvt. Ltd.

Sumel Housing Finance Pvt. Ltd.

Dr. Naresh Trehan and Associates Health Services Pvt. Ltd.

S V Creditline Pvt. Ltd.

S V Corporation Pvt. Ltd.

SV Teletech Pvt. Ltd.

SV Infratel Pvt. Ltd.

SAS Heights Pvt. Ltd.

Spirit Infratech Pvt. Ltd.

Spirit Infracon Pvt. Ltd.

Spirit Heights Pvt. Ltd.

Sumel Heights Pvt. Ltd.

Sumel Healthcare Pvt. Ltd.

Sumel Promoters Pvt. Ltd.

Global Infracon Pvt. Ltd.

A Design Indi Pvt. Ltd.

Bridges Media Pvt. Ltd.

SAS LLP

(6) Deferred Tax

(a) Deferred tax has been provided in accordance with Accounting Standard-22 Accounting for taxes income issued by the Institute of Chartered Accountants of India.

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Mar 31, 2002

(1) Provision for Bad and Doubtful Debts and Provision for Depreciation on Investments, if any, have been charged or written back to Profit &. Loss Account as per NBFCs Prudential Norms (Reserve Bank) Directions, 1998.

(2) Previous year figures have been re-grouped/re-arranged . wherever considered necessary.

(3) Balances of the parties appearing in the Balance Sheet are subject to confirmation.

(4) Contigent Liabilities : Nil

(5) Directors Travelling Expenses : NIL

(6) Number of employees in receipt of Remuneration in aggregate of Rs. 24,00,000/- P.A. or Rs.2,00,000/- P.M., if employed for part of the year : NIL

7. In the opinion of Board of Directors current assets, loans & advances have a value on realisation in the ordinary course of business at least equal to the amounts at which they are stated in the balance sheet and provision for all known liabilities has been made in the accounts.

8. Related Party Disclosure (As identified by the Management)

a) Related Party Relationship

b) Enterprise with common interest

c) Ramsons Organics Ltd.

d) Savitri Overseas

Note : In respect of above parties, there is no provision for doubtful debts as on 31st March 2002, and no amount has been written off or written back during the year in respect of debts due from/ to then.

Notes: 1. The compnay has identified Business Segments as Primary Segments. The Reportable Business Segments are "Finance Activities", "Investment Activities" and Trading Activities".

2. Amount of Deferred Tax Asset has been shown under "Unallocated/ Corporate".

3. There are no reportable Geographical Segments as the sales/ business dealings of the company is in India only.

9. Deferred Tax

a) Deferred Tax has been provided in accordance with Accounting Standard 22 - Accounting for Taxes on income issued by the Institute of Chartered Accountants of India applicable with effect from 1st April, 2001. The accumulated net deferred tax asset amounting to Rs.4,95,044/- as on 1st April has been adjusted against the Profit & Loss Accont.