b) Terms/rights attached to equity shares:

The Company has only one class of equity shares having a par value of Rs. 1 per share (previous year Rs. 1 per share). Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

d) 232, 477 equity shares bought back during a period of five years immediately preceding the balance sheet date.

1. SEGMENT INFORMATION

The Company operates in a single business and geographical segment viz. Printing of labels, packaging materials, Magazines and articles of stationery within India. Accordingly, no separate disclosures for primary business and secondary geographical segment are required.

2. RELATED PARTY DISCLOSURES

i) Related party relationships:

Subsidiary Company Powertel Engineering Private Limited

Xicon International Limited Key management personnel Mr. Jehangir R.Patel (Chairman and

Managing Director) (up to 30 June 2015) Mr.Bhushanlal Arora (Managing Director) (From 1 July 2015)

Mr.Bhushanlal Arora (Whole Time Director)

_(Up to 30.06.2015) _

Enterprises owned or significantly influenced by key management REPLXICON Engineers Private Limited (Till personnel or their relatives 2 March 2015)

Notes:

a) The related party relationships have been determined on the basis of the requirements of the Accounting Standard (AS) - 18 'Related Party Disclosures' and the same have been relied upon by the auditors.

b) The relationships as mentioned above pertain to those related parties with whom transactions have taken place during the current year and previous year, except where control exist, in which case the relationships have been mentioned irrespective of transactions with the related party.

3. RETIREMENT BENEFITS

a) Post-employment benefit plans

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

b) The Company has a defined benefit plan namely Gratuity for all its employees in the form of Group Gratuity -cum- Life Assurance Scheme. The liability for the defined benefit is determined on the basis of valuation made under the scheme at year end, which is calculated using the projected unit credit method.

The retirement benefit obligations recognized in the balance sheet represents the present value of the defined benefit obligations as adjusted for unrecognized past service cost.

The following table sets out the funded status of the gratuity plan and the amounts recognized in the Company's financial statements as at 31 March 2016.

The amount of minimum lease payments with respect to the above lease recognized in the statement of profit and loss for the year is Rs. 180,000 (previous year Rs. 30,000).

Above disclosure is for leases entered after 1 April 2001, as per Accounting Standard (AS) - 19 ‘Leases'.

4. (a) Provision for current tax for the year has been made under Minimum Alternate Tax (MAT) as per provisions of Section 115JB of the Income-Tax Act, 1961.

In accordance with the Guidance Note on Accounting for Credit Available in respect of MAT under the Income-Tax, 1961 issued by the Institute of Chartered Accountants of India (ICAI), the Company has recognized the MAT credit as an asset under the head “Loans and Advances” and has credited the same to the Profit and Loss Account under “Provision for Taxation”.

b) MAT credit entitlement of Rs.10,622; (Previous year Rs. 61,711) is recognized during the year being the difference of the tax paid under sub-section (1) of Section 115 JB and the amount of tax payable on the total income computed in accordance with the Income Tax Act, 1961.

5.In the opinion of management, trade receivables and short term loans and advances have a value on realization in the ordinary course of business at least equal tothe amount at which they are stated in the balance sheet. The provision for depreciation and all known liabilities is adequate and not in excess of the amount stated.

6. As the Company is yet to appoint a Company Secretary and Chief Financial Officer under Section 203 of the Companies Act, 2013, read with Rule 8 and 8A of The Companies (Appointment and Remuneration of Management Personnel) Rule, 2014, the accounts have not been signed by them.

7. Figures of the previous year are re-grouped and re-arranged, wherever considered necessary to conform to the current year's presentation.