a) Terms attached to equity shares

The company has one class of equity shares having a par value of Rs.5/- per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts, in proportion to their shareholdings.

2. Contingent Liabilities not provided for:

                                         Current Year     Previous Year
                                         Rs. Lakhs        Rs. Lakhs

a.  Bank Guarantees                         212.21             346.10

b.  Letter of Credit                        421.44             718.27

c.  Disputed Sales Tax Liability             19.06              19.06

3. There are no separate reportable segments (business and/or geographical) in accordance with the requirements of Accounting Standard 17 - 'Segment Reporting', specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts ) Rules, 2014.

4. Transactions with the Related Parties pursuant to Accounting Standard 18:

i. List of Related Parties

Subsidiary Company : Bhashwanth Power Projects Pvt. Ltd., Associate Companies / Firms (including Companies / firms Controlled by key management Personnel / relatives who are sub- stantially interested) : Nil

Key Management Personnel         : Mr. G. Rama Krishna Reddy,
                                   Chairman
                                   Mr. G. Rama Manohar Reddy,
                                   Managing Director
                                   Mrs. G. Amulya Reddy,
                                   Whole Time Director

In compliance with the Accounting Standard "AS-22 Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, the company has recognized Rs.1,09,652/-towards deferred tax asset in the year 2014-15. The major components of deferred tax assets and liabilities are arising on account of timing differences in depreciation and carried forward of losses.

5. Depreciation as per Companies Act, 2013

Useful life of various assets was revised in accordance with schedule II of the companies Act 2013. The Change in useful life resulted in the completion of useful life of certain fixed assets before 31.03.2014. The carrying amount of the assets after retaining the salvage value was transferred to the retained earnings in the current year. The amount of which is Rs.6,73,708/-

6. Cash Flow statement has been prepared under indirect method as per Accounting Standard - 3" Cash Flow Statements".

7. Sundry Debtors, Sundry Creditors, Advance for Supplies and Deposits subject to confirmation with the respective parties / authorities.

8. Foreign Exchange Earnings & Out Go:

- Foreign Exchange Earnings - Rs. 87.40 Lakhs (Previous year Rs.72.38 Lakhs)

- Foreign Exchange Outgo - Rs.4802.69 lakhs (Previous year - Rs.671.88 lakhs)

9. Paise have been rounded off the nearest rupee. Previous year figures have been regrouped wherever if thought necessary in conformity with the Current year groupings.

Notes to the financial statements and statement on accounting policies form an integral part of the Balance Sheet, Statement of profit and Loss and Cash Flow Statement.