8/12/2019 NotestoStockExchangeMarch200228-6-02

1/3

NOTES :

1. The Company has refined the calculation of IRR, for recognizing lease income.

The Company is now considering security deposits received, residual value ofassets and lease income received in advance for working out IRR, which washitherto not considered. Consequent to this, lease income of Rs. !".#$ lakhs forthe earlier years have %een accounted in the current year.

&. 'epreciation on (ind )ills have %een provided * ".&!+ with retrospectiveeffect %ased on Continuous -rocess -lant . Consequently, depreciation for theyear is lower %y Rs.!$1./" lakhs.

/. The Company has su%stantial deferred ta0 assets. Taking into account therestructuring of the %usiness and future profit pro ections, the Company has

recognised 'eferred Ta0 2ssets only to the e0tent of Rs. /3 4./$ lakhs %ycorresponding credit to the -rofit 5 6oss account of the current year.

$. The Company has entered into an agreement on 11 th 2pril &44&, for disposing ofits stake in Tata 7inance 2me0 6td. and the loss in this respect has %een providedfor.

". 80tra9ordinary items represent provision against e0posure on Inter Corporate'eposits, permanent diminution in value of 6ong term Investments and refund of'ividend to an erstwhile su%sidiary.

#. :u%vention income received from dealers is pro rated over the tenure of facilityw.e.f. ;uly 1, &441. Consequent to this, the loss for the period is higher %yRs.&" .4$ lakhs.

. The qualification of statutory auditors in respect of the audited accounts for theyear ended /1 st )arch &44& are as follows, along with the responses of themanagement.

a. Regarding non9compliance with the Reserve =ank? 'irections, 133!, the Company has soughttime from Reserve =ank of India to correct the position.

%. Regarding non9compliance with the

8/12/2019 NotestoStockExchangeMarch200228-6-02

2/3

@ & @

c. Impact of %uy9%ack arrangement relating to the shares of

8/12/2019 NotestoStockExchangeMarch200228-6-02

3/3