2. Company has availed credit facilities from State Bank of India (Commercial Branch) Consortium with Union Bank of India (Mid Corporate Branch) of Rs. 142.51 Crore. Out of this Rs. 22.35 Crore Term Loan ( included in above) & Rs. 9.00 Crore included in current liabilities (refer Note No. 08).

3. These Credit Facilities is Secured by Entire Assets of the Company & the personal Guarantee of following Persons

i) Dinesh Agrawal ( Chairman & Director) ii) Ashish Goyal ( Managing Director) iii) Anoop Goyal ( Whole time Director) iv) Sapan Garg (Other) v) Sandesh Garg (Other) Name of Corporator Guarantor vi) GG Infra Pvt. Ltd.

4. This Credit Facilities are Secured by Entire Assets of the Company & the personal Guarantee of following Persons Name of Personal Guarantor

i) Dinesh Agrawal ( Chairman & Director) ii) Ashish Goyal ( Managing Director) iii) Anoop Goyal ( Whole time Director) iv) Sapan Garg (Other) v) Sandesh Garg (Other)

Name of Corporator Guarantor vi) GG Infra Pvt. Ltd.

5. Rate of interest on SBI CC @ 13.10% p.a. Rate of interest on UBI CC @ 13.20% p.a. Rate of interest on UBI TL 14.50% pa. Rate of interest on SBI TL @ 14.80% pa.

6. The company has Purchased Plant & Machinery during the year under EPCG scheme, the value of duty saved being Rs. 14.14 Lacs. The company has given an undertaking to make exports worth Rs. 84.86 Lacs over a period of Six Years from the date of license. Total exports liability under EPCG License is Rs. 357.13 Lacs as on 31.03.2015. However in case of non fulfillment of export obligation in given period, the liability to pay the proportionate duty saved along with interest will arise.

Above prior period items debited to Profit & Loss A/c of the current financial year and accordingly profit for the year is less by Rs.1639242.00/-

7. Expenditure on employees (excluding perquisite) who are in receipt of remuneration of not less than Rs. 6000000/- per annum or Rs. 500000/- per month when employed for past of the year.

8. Related Party Disclosures:

i) List of related parties with whom transaction have taken place and relationship. Details of related party disclosure as per AS-18 issued by the ICAI are as follows:-

* Yet to be completed. The original plan of expenditure was of Rs. 48.13 Crores at the time of public issue but as on 31st March 2015 the cost of expenditure incurred Rs. 95.13 Crores which is funded by Term Loan from the bank of Rs. 45.00 Crores and preferential share capital & unsecured loan.

9. Additional information to Note 5 of Part II of the Schedule III of the Companies Act, 2013 has been furnished as per Annexure - I.

10. In view of the insufficient information from suppliers regarding their status as SSI/SME Company amount overdue to such undertaking could not be ascertained but the management does not envisage any material impact on the Financial Statement.

11. In the opinion of the Board of Directors the current assets loans and advances including deposits have value on realization in the ordinary courses of business at least equal to the amount at which they are stated in the Balance Sheet and provision for all known liabilities is adequate and not in excess of the amount which is reasonably necessary.

12. High Court has approved amalgamation scheme of Sitashree Food Products Limited and GG Real Estate Private Limited by order dated 18/11/2014. Hence Company has prepared post amalgamation financial statements. These financial statements have been re-stated due to amalgamation of M/s GG Real Estate Private Limited with Company pursuant to order dated 18.11.2014 of the Hon'ble High Court, Indore Bench. Scheme of Amalgamation is having appointed date as 01.04.2012, therefore financial statement for FY 2012-13 and 2013-14 has been re-stated as per AS-14, by consolidating the audited financial statement of GG Real Estate Private Limited with the Company for the FY 2012-13 and FY 2013-14 respectively. Although, both the companies had prepared and adopted their standalone financial statement for the respective years and filed it with concerned authorities.

13. During the year a survey of Income Tax Authority has been taken place on 17.09.2014 and to avoid litigation, the Company given an undertaking cum declaration by way of an affidavit of income of Rs. 700.00 Lacs and the company considered this declaration in terms of current year (financial year 2014-15) income shown.

14. During the year a loss of Rs. 2,08,969 was booked as an Exceptional Item in Financial Statements. The said loss has been booked in the books due to theft of a Company's vehicle (Pajero Car) for the use of Directors of the Company. The book value of the vehicle at the time of theft was came out to Rs. 16,67,673/- and the amount of insurance claim received was Rs. 14,58,704/- 21. Previous year corresponding figures have been regrouped re-casted and re-arranged to make them comparable with current year's figures wherever necessary.