Nardhana Infrastructure Limited (the 'Company") is engaged in business of Trading of Fabrics & related products & Infrastructure project & related developments. The Company's equity shares are listed on the Bombay Stock Exchange.

The Company has first incorporated with the Name "Pithampur Steels Limited" under Companies Act, 1956. The Shareholders of the Company passed a Special Resolution to change the Name of Company to Nardhana Infrastruture Limited, and a fresh certificate of Incorporation with Name "Nardhana Infrastructure Limited" has been obtained from Registrar of Companies, Madhya Pradesh and Chattisgarh, on 2nd July, 2010.

The new Name of the Company has not been updated in Bombay Stock Exchange and Income Tax Department. As clarification received by Management, the Management is in process of updating the Name.

2. Foreign Exchange Transactions

It is explained to us that No Foreign Exchange Transaction has been carried out during the year.

3. Quantitative Details

During the previous financial year 2012-2013 the company has traded VAT free goods (Fabrics, Shirting's and Suiting)

The details of SALES, OPENING STOCK AND CLOSING STOCK of VAT free goods are as under:-

4.Relating to Current Assets, Current Liabilities, Loans and Advances

In the opinion of the management the balances of current assets, current liabilities, loans and advances have a realizable value in the ordinary course of business at least equal to the value at which they are stated in the balance sheet. The balance standing the said accounts are subject to confirmation and reconciliations.

5.Related Party Transactions -

The Disclosure as per AS - 18 'Related Party Transactions'

a) Key Managerial Person/ Directors/ Persons having significant influence in the company - Suresh Sharma

b) Relatives of a) above

- Sachin Sharma

c) Entities over which Company or Key Managerial Personnel or their relatives, exercise significant influence.

- Brakes Auto India Limited

- S S Forgings & Engineering Limited

- Vertex Spinning Limited

In view of the management of the company the transactions entered, payments received and given are in ordinary course of business and are done at arm length price.

6.Micro, Small and Medium Enterprises Development Act, 2006

Based on the information available with the company, there are no suppliers who are registered under the Micro, Small and Medium Enterprises Development Act, 2006 as at March 31, 2013. Hence, the information as required under the Micro, Small and Medium Enterprises Development Act, 2006 is not disclosed.

7.Previous year figures have been regrouped or rearranged wherever necessary so as to make them comparable with current year classifications.