(1) Associate/group companies, firms, other entities:

Bronze Infratech Limited

Regency Resorts

Regency Aquaelectro & Motel Resorts P. Ltd.

Regency Carbide Private Limited

Sunar Constructions Private Limited

A. Power Himalayas Limited

Uniglory Developers Private Limited

Karac Developers Private Limited

(2) Individuals having control:

Amitabh Sharma

Arun Sharma

Sunita Sharma

(3) Key management personnel:

Sumit Sharma

Ritu Daga

B. Segmental Information - Disclosures pursuant to AS 17 are not specified since the management is of the opinion that the Company significantly operates in a in a single business segment that is "Finance & Capital Markets" and the other reported activities are either unconventional/exceptional or un-comparable.

C. The Company is not registered as a "Non Banking Financial or Investment Company (NBFC)" under the Reserve Bank of India Act, 1934 (RBI Act) since the management of the Company is of the opinion that the core business activity of the Company is "Financial Services" and is only intermittently carrying on funding and investment activities which are incidental to accomplish the core business activities of the Company.

D. Contingent Liability & Subsequent Events - All disputed and/or contingent liabilities are either provided for or disclosed as such, on the basis of mutual acceptances or depending on the management's perception of its potential outcome. The management has taken adequate steps to provide sufficiently for all known, anticipated or contingent liabilities. Events occurring after the balance sheet date up to the date of adoption of the financial statements, having a material bearing are considered while preparing the financial statements.

E. In respect of certain payments made for expenses or otherwise where, the payees' acknowledgements and/or other supporting evidences of payments were not available for our verification, the management confirms the propriety of the payments and of the debits given to the respective account heads. None of the revenue expenses are capitalised during the year or vice versa.

F. The balances of receivables and payables are subject to third party confirmations. The liabilities, assets, payables and receivables are approximately of the value stated in the accounts and payable or receivable in the ordinary course of business.

G. Prior Period Items - The Company follows the accrual system of accounting, but provision for expenses is made on the basis of the materially concept and where ever ascertainable.

H. In the opinion of the management, there are no outstanding dues towards suppliers as defined under the "Micro, Small & Medium Enterprises Development Act, 2006".

I. Managerial Remuneration - The management has been paid a remuneration of Rs.260000/- (Rs.Nil) during the year.

J. Retirement Benefits - The management is of the opinion that provisions for employees retirement benefits are not required to be made.

K. Additional Information - Additional information pursuant to the applicable provisions of paragraph 5 of Part II of Schedule VI to the Act, to the extent not already reported elsewhere:

L. Previous year figures are regrouped or reclassified wherever necessary. Figures in brackets pertain to previous year. All figures have been rounded off to the nearest rupee.