Techindia Nirman Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

P PROVISION AND CONTINGENT LIABILITIES

Provisions: Provisions are recognised when there is a present obligation 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 there is a reliable estimate of the amount of the obligation. Provisions are measured at the best estimate of
the expenditure required to settle the present obligation at the Balance sheet date and are not discounted to its
present value.

Contingent Liabilities: Contingent liabilities are disclosed when there is a possible obligation arising from past
events, the existence of which 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 a present obligation that arises from
past events where it is either not probable that an outflow of resources will be required to settle or a reliable
estimate of the amount cannot be made.

Q CASH AND CASH EQUIVALENTS

In the Cash Flow Statement, cash and cash equivalents includes cash on hand, demand and short term
deposits with banks, other short-term highly liquid investments with original maturities of three months or less.

R FINANCIAL ASSETS AT AMORTISED COST

Financial assets are subsequently measured at amortised cost if these financial assets are held within a
business whose objective is to hold these assets in order to collect contractual cash flows and contractual
terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and
interest on the principal amount outstanding.

S FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Financial assets are measured at fair value through other comprehensive income if these financial assets are
held within a business whose objective is achieved by both collecting contractual cash flows and selling
financial assets and a contractual terms of the financial assets give rise on the specified dates to cash flows
that are solely payment of the principal and interest on the principal amount outstanding.

T FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

Financial assets are measured at fair value through profit or loss unless it is measured at amortised cost or at
fair value through other comprehensive income on initial recognition. The transaction costs directly
attributable to the acquisition of assets and liabilities at fair value through profit and loss are immediately
recognised in the statement of profit and loss.

U FINANCIAL LIABILITIES

Long Term Financial liabilities are measured at amortised cost using the effective interest method.

V EQUITY INSTRUMENTS

An equity instrument is a contract that evidences residual interest in the assets of the company after deducting
all of its liabilities. The Company recognises equity instruments at proceeds received net off direct issue cost.

W RECLASSIFICATION OF FINANCIAL ASSETS

The Company determines classification of the financial assets and liabilities on initial recognitions. After initial
recognition, no reclassification is made for financial assets which are equity instruments and financial
liabilities. For financial assets which are debt instruments, a reclassification is made only if there is a change
in the business model for managing those assets. Changes to the business model are expected to be
infrequent. The Company''s senior management determines change in the business model as a result of
external or internal changes which are significant to the company''s operations. Such changes are evident to
external parties. A change in the business model occurs when a company either begins or ceases to perform
an activity that is significant to its operations. If the Company reclassifies financial assets, it applies the
reclassification prospectively from the reclassification date which is the first day of the immediately next
reporting year following the change in business model. The Company does not restate any previously
recognized gains, losses (including impairment gains and losses) or interest.

X OFFSETTING OF FINANCIAL INSTRUMENTS

Financial assets and liabilities are offset and the net amount is reported in the Balance Sheet if there is
currently enforceable legal right to offset the recognized amounts and there is on intention to settle on a net
basis, to realize the assets and settle the liabilities simultaneously.

5.1 The company had entered into a Memorandum of Understanding (MOU) with Dizziland Farms Pvt Ltd on 31st January 2024 for the construction
of a project named "Solitaire." However, the aforementioned MOU was cancelled for operational reasons, effective from 15th October 2024. The
full amount of advances provided by the company under the MOU has been recovered.

5.2. On 30 January 2018, Techindia Nirman Limited entered into a Joint Venture Agreement with Cosmos Builders for the development of property
located in Thane. On the same date, Cosmos Prime Projects Limited issued an Allotment Letter to Techindia Nirman Limited, confirming the
allotment of a shop situated in Andheri. The Resolution Professional, in the discharge of duties under the Insolvency and Bankruptcy Code, 2016,
is not mandated to and does not express any opinion, assurance, or representation regarding the recoverability, realizability, or enforceability of
any advances, deposits, or other sums paid in relation to the aforementioned transactions.

5.3 The company had entered into a Memorandum of Understanding (MOU) with Nath Bio-technologies Limited, a related company, for the setup of
the laboratory and research & development station. The contract value is Rs. 27,50,00,000 against which the company has paid advances
aggregating to Rs. 11,74,61,874. The recoverability of these advances is currently under review and assessment as part of the CIRP process.

24 Fair Value Measurement

The management assessed that the fair values of short term financial assets and liabilities significantly approximate their carrying
amounts largely due to the short term maturities of these instruments. The fair value of financial assets and liabilities is included at the
amount at which the instrument could be exchanged in a current transaction among willing parties, other than in a forced or liquidation
sale.

The Company determines fair values of financial assets and financial liabilities by discounting contractual cash inflows/ outflows using
prevailing interest rates of financial instruments with similar terns. The fair value of investment is determined using quoted net assets
value from the fund. Further, the subsequent measurement of all financial assets and liabilities (other than investment in mutual funds)
is at amortized cost, using the effective interest method.

Discount rates used in determining fair value

The interest rate used to discount estimated future cash flows, where applicable, are based on the incremental borrowing rate of the
borrower which in case of financial liabilities is the weighted average cost of borrowing of the Company and in case of financial assets
is the average market rate of similar credits rated instrument.

The Company maintains policies and procedures to value financial assets or financial liabilities using the best and most relevant data
available. In addition, the Company internally reviews valuation, including independent price validation for certain instruments.

Fair value hierarchy

All financial instruments for which fair value is recognized or disclosed are categorized within the fair value hierarchy described as
follows, based on the lowest level input that is significant to the fair value measurement as a whole.

Level -1

Quoted (unadjusted) price is active market for identical assets or liabilities
Level 2:

Valuation technique for which the lowest level input that has a significant effect on the fair value measurement are observed, either
directly or indirectly.

Level 3

Valuation technique for which the lowest level input has a significant effect on the fair value measurement is not based on observation
market data.

25 Financial Instruments and Risk Review

i) Capital Management

The Company''s capital management objectives are:-

The Board policy is to maintain a strong capital base so as to maintain inventor, creditors and market confidence and to future
development of the business. The Board of Directors monitors return on capital employed.

The Company manages capital risk by maintaining sound/optimal capital structure through monitoring of financial ratios, such as debt-
to-equity ratio and net borrowings-to-equity ratio on a monthly basis and implements capital structure improvement plan when
necessary.

The Company uses debt ratio as a capital management index and calculates the ratio as Net debt divided by total equity. Net debt and
total equity are based on the amounts stated in the financial statements.

ii) Credit Risk

Credit risk is the risk of financial loss arising from counter-party failure to repay or service debt according to contractual terms or
obligations. Credit risk encompasses both, the direct risk of default and the risk of deterioration of credit worthiness as well as
concentration of risks. Credit risk is controlled by analysing credit limit and creditworthiness of customers on a continuous basis to
whom the credit has been granted offer necessary approvals for credit.

Financial instruments that are subject to concentration of credit risk principally consists of trade receivable investments, derivative
financial instruments and other financial assets. None of the financial instruments of the Company results in material concentration of
credit risk

Trade receivables

Ind AS requires expected credit losses to be measured through a loss allowance. The Company assesses at each date of financial
statement whether a financial asset or group of financial assets is impaired. The Company recognizes lifetime expected losses for all
contract assets and / or all trade receivables that do not constitute a financing transaction. For all other financial assets, expected
credit losses are measured at an amount equal to 12 months expected credit losses or at an amount equal to the life time expected
credit losses, if the credit risk on the financial asset has increased significantly since initial recognition.

Before accenting any new customer, the Company uses an external/internal credit scoring system to asses potential customer''s credit
quality and defines credit limits by customer. Limits and scoring attributed to customer are reviewed periodic basis

iii) Liquidity Risk

a) Liquidity risk management

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to
maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company manages liquidity risk by
maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual
cash flows, and by matching the maturity profiles of financial assets and liabilities.

b) Maturities of financial liabilities

The following tables detail the remaining contractual maturities for its financial liabilities with agreed repayment period. The amount
disclosed in the tables have been drawn up based on the undiscounted cash flow of financial liabilities based on the earliest date on
which the Company can be required to pay. The table includes both interest and principal cash flows.

iv) Market Risk

Market risk is risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in the market
prices. Such changes in the value of financial instruments may result from changes in the foreign currency exchange rate, interest
rate, credit, liquidity and other market changes.

28 Agritech India Limited has approached before the National Compnany Law Tribunal (NCLT) judicature at Mumbai for recovery of their dues. The NCLT has accepted
the petition filed by Agritech India Limited and vide its order no CP(IB)/787 (MB)/2024 dated 2nd January 2025 and has appointed Interim Resolution Professional (now
Resolution Professional) with whom now management of the company is vested.

29 In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of the business.

30 The accounts including detailed transactions ofTrade Payable, Unsecured Loans, Loans and Advances (including advances to Real Estate DevelopmentContractors),
bank balances are subject to confirmations and reconciliations. The difference as may be noticed on reconciliation will be accounted for on completion thereof. In the
opinion of the management, the ultimate difference will not be material.

31 In view of huge carried forward unabsorbed depreciation, the management has, as the matter of prudence, not recognized deferred tax assets during the year.

32 The Securities and Exchange Board of India (SEBI) has imposed a penalty on the company, its promoters, and employees, including ex-employees, for discrepancies
in the disclosure ofcertain data. The entire penalty amount, including that levied on the promoters and employees (including ex-employees), is borne by the company,
as the error was attributable to the company and we are of the opinion that the promoters, employees, and ex-employees were not responsible for the mismatch.

39 The Company has prepared the Financial Statements to comply in all material respects, in accordance with the applicability of Indian Accounting
Standards.

40 The Company does not have any investment property, hence related disclosure is not required.

41 Details of Benami Property held - No proceeding has 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.

42 The Company has not made any borrowings from banks on the basis of security of current assets.

43 Wilful Defaulter - The company is not declared wilful defaulter by any bank or financial Institution or other lender during the year.

44 Relationship with Struck off Companies - During the year, the company has not carried out any transactions with companies struck off under
section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

45 Various Ratios - The details of various ratios along with the explanations are as under:

46 Utilisation of Borrowed funds and share premium: The company has not advanced or loaned or invested funds (either borrowed funds or share
premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the
understanding (whether recorded in writing or otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee, security or the
like to or on behalf of the Ultimate Beneficiaries.

47 Undisclosed income - There is no case of search or survey of any other cases related to income surrendered or disclosed in any tax assessments
under the Income Tax Act, 1961.

48 The provisions of Corporate Social Responsibility (CSR) as specified in Section 135 of the Companies Act, 2013 are not applicable to company.

49 The company has not invested in Crypto Currency or Virtual Currency during the year.

50 The financial statements for the financial year 2023-24 were approved by the Board of Directors at their meeting held on 23rd May 2024. However,
the same have not yet been adopted by the shareholders at the Annual General Meeting held on 19th September 2024. The opening balances for
the current financial year have been taken based on the financial statements as approved by the Board of Directors.

51 Previous year’s figures have been regrouped / rearranged wherever necessary to conform to the current year’s presentation.

Signatures to Notes “1” to "51” forming part of these Financial Statements.

For Gautam N Associates For TechIndia Nirman Limited

Chartered Accountants
Firm Registration No.: 103117W

Vallabh Narayandas Sawana

Insolvancy Professional

Reg No IBBI/IPA-001/IP-P-02652/2022-23/14114

Gautam Nandawat

Partner

Membership No.:032742

UDIN No : 25032742BMJJLD3139 Sunil Dixit Ms. Rajshree Jain

Chief Financial Officer Company Secretary

Place: Chhatrapati Sambhajinagar
Date: 29 May 2025

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Mar 31, 2024

P PROVISION AND CONTINGENT LIABILITIES

Provisions: Provisions are recognised when there is a present obligation 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 there is a reliable estimate of the amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the Balance sheet date and are not discounted to its present value.

Contingent Liabilities: Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which 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 a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.

Q CASH AND CASH EQUIVALENTS

In the Cash Flow Statement, cash and cash equivalents includes cash on hand, demand and short term deposits with banks, other short-term highly liquid investments with original maturities of three months or less.

R FINANCIAL ASSETS AT AMORTISED COST

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business whose objective is to hold these assets in order to collect contractual cash flows and contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

S FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME

Financial assets are measured at fair value through other comprehensive income if these financial assets are held within a business whose objective is achieved by both collecting contractual cash flows and selling financial assets and a contractual terms of the financial assets give rise on the specified dates to cash flows that are solely payment of the principal and interest on the principal amount outstanding.

T FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS

Financial assets are measured at fair value through profit or loss unless it is measured at amortised cost or at fair value through other comprehensive income on initial recognition. The transaction costs directly attributable to the acquisition of assets and liabilities at fair value through profit and loss are immediately recognised in the statement of profit and loss.

U FINANCIAL LIABILITIES

Long Term Financial liabilities are measured at amortised cost using the effective interest method.

V EQUITY INSTRUMENTS

An equity instrument is a contract that evidences residual interest in the assets of the company after deducting all of its liabilities. The Company recognises equity instruments at proceeds received net off direct issue cost.

W RECLASSIFICATION OF FINANCIAL ASSETS

The Company determines classification of the financial assets and liabilities on initial recognitions. After initial recognition, no reclassification is made for financial assets which are equity instruments and financial liabilities. For financial assets which are debt instruments, a reclassification is made only if there is a change in the business model for managing those assets. Changes to the business model are expected to be infrequent. The Company''s senior management determines change in the business model as a result of external or internal changes which are significant to the company''s operations. Such changes are evident to external parties. A change in the business model occurs when a company either begins or ceases to perform an activity that is significant to its operations. If the Company reclassifies financial assets, it applies the reclassification prospectively from the reclassification date which is the first day of the immediately next reporting period following the change in business model. The Company does not restate any previously recognized gains, losses (including impairment gains and losses) or interest.

X OFFSETTING OF FINANCIAL INSTRUMENTS

Financial assets and liabilities are offset and the net amount is reported in the Balance Sheet if there is currently enforceable legal right to offset the recognized amounts and there is on intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously.

23 Fair Value Measurement

The management assessed that the fair values of short term financial assets and liabilities significantly approximate their carrying amounts largely due to the short term maturities of these instruments. The fair value of financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction among willing parties, other than in a forced or liquidation sale.

The Company determines fair values of financial assets and financial liabilities by discounting contractual cash inflows/ outflows using prevailing interest rates of financial instruments with similar terns. The fair value of investment is determined using quoted net assets value from the fund. Further, the subsequent measurement of all financial assets and liabilities (other than investment in mutual funds) is at amortized cost, using the effective interest method.

Discount rates used in determining fair value

The interest rate used to discount estimated future cash flows, where applicable, are based on the incremental borrowing rate of the borrower which in case of financial liabilities is the weighted average cost of borrowing of the Company and in case of financial assets is the average market rate of similar credits rated instrument.

The Company maintains policies and procedures to value financial assets or financial liabilities using the best and most relevant data available. In addition, the Company internally reviews valuation, including independent price validation for certain instruments.

Fair value hierarchy

All financial instruments for which fair value is recognized or disclosed are categorized within the fair value hierarchy described as follows, based on the lowest level input that is significant to the fair value measurement as a whole.

Level -1

Quoted (unadjusted) price is active market for identical assets or liabilities Level 2:

Valuation technique for which the lowest level input that has a significant effect on the fair value measurement are observed, either directly or indirectly.

Level 3

Valuation technique for which the lowest level input has a significant effect on the fair value measurement is not based on observation market data.

24 Financial Instruments and Risk Review

i) Capital Management

The Company''s capital management objectives are:-

The Board policy is to maintain a strong capital base so as to maintain inventor, creditors and market confidence and to future development of the business. The Board of Directors monitors return on capital employed.

The Company manages capital risk by maintaining sound/optimal capital structure through monitoring of financial ratios, such as debt-to-equity ratio and net borrowings-to-equity ratio on a monthly basis and implements capital structure improvement plan when necessary.

The Company uses debt ratio as a capital management index and calculates the ratio as Net debt divided by total equity. Net debt and total equity are based on the amounts stated in the financial statements.

47 Undisclosed income - There is no case of search or survey of any other cases related to income surrendered or disclosed in any tax assessments under the Income Tax Act, 1961.

48 The provisions of Corporate Social Responsibility (CSR) as specified in Section 135 of the Companies Act, 2013 are not applicable to company.

49 The company has not invested in Crypto Currency or Virtual Currency during the year.

50 Previous year’s figures have been regrouped / rearranged wherever necessary to conform to the current year’s presentation.

Signatures to Notes “1” to “50” forming part of these Financial Statements.

For Gautam N Associates For and on behalf of the Board of Directors

Firm Registration No.: 10117W Chartered Accountants

Satish Kagliwal Jeevanlata Kagliwal

Director Director

Gautam Nandawat DIN: 00119601 DIN No.: 02057459

Partner

Membership No.:032742

Place: Chhatrapati Sambhajinagar Sunil Dixit Ms Rajshree Jain

Date: 23 May 2024 Chief Finance Officer Company Secretary

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Mar 31, 2015

NOTE N0 1 : GENERAL INFORMATION

The company is incorporated in the year 1979 under the Indian Companies Act, 1956. The company is engaged in the business of infrastruture development.

NOTE NO 2

(1) The Company had in the past revalued the land admeasuaring 8.65 acres situated at gut no 64/2, 63,62/3, Itkheda Paithan Road, Aurangabad. The corresponding value of Rs. 25,61,37,775 representing such upward revision has been shown as revaluation reserve under the head "Reserves & Surplus".

(2) Pursuant to the notificationof Schedule II of the Companies Act, 2013, (the Act) by the Ministry of Corporate Affairs effective from 01.04.2014, the management has internallyreassessed based upon the technicalevaluationand change, wherever necessary, the use ful life to compute depreciationto confirmthe requirementof the Act. Accordingly,the carrying amount as at 01.04.2014 is being depreciated over the revised useful life of the assets.

NOTE 3

Contingent Liabilities not proivided for in respect of

Particulars Current Year Previous Year (Rs) (Rs.)

a) Arrears of Dividend on Cumulative 26,972,993 25,557,616 Redeemable preference shares (including Corporate Dividend Tax)

b) Penalty in respect of income tax assessment completed for assesment year 2001-02 and 2003-04 (net of deposit of Rs. 1,42,00,000; Previous 162,813,562 175,013,562 year 30,00,000) which is being constested in appeal before Commissioner of Income Tax (Appeal) by the Company.

NOTE 4

In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of the business.

NOTE 5

The accounts including detailed transactions of Creditors, Unsecured Loans, Loans and Advances are subject to confirmations and reconciliations. The difference as may be noticed on reconciliation will be accounted for on completion thereof. In the opinion of the management, the ultimate difference will not be material.

NOTE 6

In view of huge carried forward unabsorbed depreciation, the management has, as the matter of prudence, not recognized deferred tax assets during the year.

NOTE 7

The operations of the company have continued to be suspended during the year. The accumulated losses of the Company have exceeded its net worth excluding revaluation reserve, however, the accounts have been prepared on a going concern basis in veiw of the real estate activity planned in the near future.

NOTE 8

Related parties disclosure as per Accounting Standard - 18:

a) List of related parties

i) Associates:-

1 Agri Tech (India) Ltd.

ii) Key Management Personnel:-

Mr. Satish Kagliwal (Managing Director)

NOTE 9

Previous year's figures have been regrouped / rearranged wherever necessary to conform to the current year's presentation.

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Mar 31, 2014

NOTE 1

In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of the business.

NOTE 2

The accounts including detailed transactions of certain Creditors, Unsecured Loans, Loans and Advances are subject to confirmations and reconciliations. The difference as may be noticed on reconciliation will be accounted for on completion thereof. In the opinion of the management, the ultimate difference will not be material.

NOTE 3

In view of the carried forward unabsorbed depreciation, the management has, as the matter of prudence, not recognized deferred tax assets during the year.

NOTE 4

Related parties disclosure as per Accounting Standard - 18:

a) List of related parties

i) Associates:-

Agri Tech (India) Ltd. 1

Nath Bio-Genes Ltd. 2

Nath Biotechologies Ltd 3

ii) Key Management Personnel:-

Mr. Satish Kagliwal (Whole time Director)

NOTE 5

Previous year''s figures have been regrouped / rearranged wherever necessary to conform to the current year''s presentation.

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Mar 31, 2013

NOTE 1

Contingent Liabilities not proivided for in respect of

Current Year Previous Year Particulars (Rs.) (Rs.)

a) Arrears of Dividend on Cumulative Redeemable preference shares (including Corporate Dividend Tax) 2,41,59,383 2,27,61,150

b) Amount of interest liability / penalty / liquidated damages, if any on delayed / non-payment of certain Amount Amount creditors / loans (secured or unsecured) / statutory dues. Unascertainable Unascertainable

c) Amount of penalty in respect of assessment completed for assesment year 2001-02 and 2003-04 earlier year. (net of advances of Rs. 20,00,000) which is being constested by the Company. 17,50,13,562 Nil

NOTE 2

In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of the business.

NOTE 3

The accounts including detailed transactions of Creditors, Debtors, Unsecured Loans, Deposits, Loans and Advances are subject to confirmations and reconciliations. The difference as may be noticed on reconciliation will be accounted for on completion thereof. In the opinion of the management, the ultimate difference will not be material.

NOTE 4

No provision for the Income Tax and Minimum Alternate Tax for the year has been considered necessary in view of the unabsorbed depreciation and carried forward losses.

NOTE 5

In view of the carried forward unabsorbed depreciation, the management has, as the matter of prudence, not recognized deferred tax assets during the year.

NOTE 6

Related parties disclosure as per Accounting Standard - 18:

a) List of related parties

i) Associates:-

1 Agri Tech (India) Ltd.

2 Global Transgenetics Ltd

3 Nath Bio-Genes Ltd.

4 Nath Biotechologies Ltd

ii) Key Management Personnel:-

Mr. Satish Kagliwal (Whole time Director)

NOTE 7

Previous year''s figures have been regrouped / rearranged wherever necessary to conform to the current year''s presentation.

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Mar 31, 2012

NOTES- 1

Contingent Liabilities not proivided for in respect of

Current Year Previous Year Particulars (Rs) (Rs.)

a) Arrears of Dividend on Cumulative Redeemable preference shares (including Corporate Dividend Tax) 22,761,150 19,964,684

b) Amount of interest liability / penalty / liquidated damages, if any on delayed / non-payment of certain Amount Amount creditors / loans (secured or unsecured) / statutory dues. Unas certainable Unascertainable

NOTES- 2

In the opinion of the Board, Current Assets, Loans and Advances are approximately of the value stated, if realised in the ordinary course of the business.

NOTES- 3

The accounts of certain Creditors, Unsecured Loans, certain current account balances with banks, Deposits, Loans and Advances are subject to confirmations and reconciliations, if any. The difference as may be noticed on reconciliation will be accounted for on completion thereof. In the opinion of the management, the ultimate difference will not be material.

NOTES- 4

No provision for the Income Tax for the year has been considered necessary in view of the unabsorbed depreciation and carried forward losses.

NOTES- 5

In view of the carried forward business losses, the management has, as the matter of prudence, not recognized deferred tax assets during the year.

NOTES- 6

Related parties disclosure as per Accounting Standard - 18:

a) List of related parties

i) Associates:-

1 Agri Tech (India) Ltd.

2 Global Transgenetics Ltd

3 Nath Industrial Chemicals Ltd.

4 Nath Bio-Genes Ltd.

5 Rama Pulp & Papers Ltd

6 Nath Securities Ltd

7 Nath Biotech Ltd

8 Nath Royal Ltd

ii) Key Management Personnel:-

Mr. Satish Kagliwal (Whole time Director)

NOTES- 7

Previous year's figures have been regrouped / rearranged wherever necessary to conform to the current year's presentation

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Mar 31, 2010

Current Year Prev Year Particulars

(Rs) (Rs.)

Contingent liabilities not provided for in respect of disputed demand in the matters of Income Tax

1 a) 28,158,193 28,158,193

including interest

Arrears of Dividend on Cumulative Redeemable preference shares (including Corporate Dividend

b) 19,964,684 18,557,187

Tax)

Amount of interest liability / penalty / liquidated damages, if any on delayed / non-payment of certain Amount Amount

c) creditors / loans (secured or unsecured) / statutory dues. Unascertainab Unascertainabl

le e

Liabilities and other obligations related to seed business and Corporate farming division which has Amount Amount

d) been transferred to the transferee companies viz. Nath Biogenes (India) Ltd and Agritech (India) Ltd. Unascertainab Unascertainabl

le e

2006.

2 Segmental Reporting : -

Criteria Segment

Product base 1. Seed

2. Land

Customer base Domestic market / overseas market

Geographical Area of Operation Domestic market / overseas market

3 Related parties disclosure as per Accounting Standard - 18:

a) List of related parties

i) Associates:-

Nath Pulp & Paper Mills Ltd.

Nath Industrial Chemicals Ltd.

Nath Capital & Financial Services Ltd.

Global Transgenetics Ltd

Nath Bio-gene Ltd.

Mayo (India) Ltd

Nath Securities Ltd

Agri Tech (India) Ltd.

Rama Pulp & Papers Ltd

Nath Biotech Ltd

Nath Royal Ltd

ii) Key Management Personnel:-

Mr. Satish Kagliwal (Whole time Director)

4 Particulars of Licensed and Installed Capacities and Production (As certified by the Management) The company does not have any manufacturing plant/ processing center, therefore, the information regarding licensed, installed a) capacity and production data have not been given.

5 Previous years figures have been regrouped / rearranged wherever necessary to conform to the current years presentation.