(b) Terms/rights attached to equity shares:

The Company has only one class of equity shares having par value of ' 10 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.

Carrying amounts ofcash and cash equivalents,trade receivables, investments, unbilled revenues, loans, trade payables and other payables as at March 31,2022 and March 31,2021 approximate the fair value because of their short-term nature. Difference between carrying amounts and fair values of bank deposits, other financial assets, other financial liabilities and borrowings subsequently measured at amortised cost is not significant in each of the years presented.

31.2 Financial Instrument measured at amortised cost

The carrying amount of financial assets and financial liabilities measured at amortised cost in the financial statements are a reasonable approximation of their fair values since the Company does not anticipate that the carrying amounts would be significantly different from the values that would eventually be received or settled.

31.4 Capital management

For the purposes of the company's capital management, capital includes issued capital and all other equity reserves. The primary objective of the company's capital management is to maximize shareholder value. The company manages its capital structure and makes adjustments in the light of changes in economic environment and the requirements of the financial covenants.

35 Segment information

The Company is primarily engaged in one business segment, namely developing Electronic Manufacturing Cluster as determined by chief operational decision maker, in accordance with Ind AS -108 "Segment Reporting".

Considering the inter relationship of various activities of the business, the chief operational decision maker monitors the operating results of its business segment on overall basis. Segment performance is evaluated based on profit or loss and is measured consistently with profit or loss in the financial statements.

36 Disclosures as required by Ind AS - 19 Employee Benefits

i. Short-term employee benefits : Employee benefits payable wholly within twelve months of receiving employee services are classified as short-term employee benefits. These benefits include salaries and wages, performance incentives and compensated absences which are expected to occur in next twelve months. The undiscounted amount of short-term employee benefits to be paid in exchange for employee services is recognized as an expense as the related service is rendered by employees.

ii. Post-employment benefits : Defined benefit plans - Provident fund Provisions of EPF are not applicable to the company as it does not fall under the implication requirements of the act i.e. number of employees does not exceed the ceiling limit. Thus, there is no contribution by the company towards post employment benefits.

All the key managerial person, other than Independent Directors of the Company are in the employment with other group companies and are paid remuneration by the respective group companies.

3 5 The Company is engaged in the business of development of SEZ and has been approved as a co-developer from the Ministry of Commerce and Industry, Department of Commerce, Government of

36 As at March 31, 2020, the Company has incurred net loss of ' 12,719.70 lacs (Previous year ' 11,728.89 lacs) and has accumulated losses of ' 40,069.31 lacs (Previous year ' 27,349.61 lacs) which has

37 Impact of COVID-19

In the last week of March 2020, an outbreak situation arose in India on account of COVID-2019. The Company has considered such outbreak situation as subsequent event to the Balance Sheet date 40 Event occurred after the Balance Sheet Date

The Company evaluates events and transactions that occur subsequent to the balance sheet date but prior to the approval of financial statements to determine the necessity for recognition and/or reporting of any of these events and transactions in the financial statements. As of May 28, 2022, there were no subsequent events to be recognised or reported that are not already disclosed.

1 Due to No Revenue from operation the Trade receiveble turnover ration is Nil

2 Due to blockage of Funds

3 Due to No Revenue from operation the Ne capital Turnover ratio is Nil

4 Due to writtten off of deferred expenses Net Profit Ratio is Negative

5 Due to writtten off of deferred expenses Return on capital employed is negative

6 Due to writtten off of deferred expenses Return on Investment is negative 42 Previous year figures are regrouped wherever necessary.