1. Terms and Rights attached to equity Shares

2. The company has not issued Equity Shares during the year.

3. The company had issued 24,71,500 Convertible Warrants during the F.Y. 2013-14.

4. The Company has issued 24,71,500 convertible warrants on preferential basis at price of Rs.10/- each and partly paid by Rs.2.5/- each as per SEBI (DIP) Guidelines, 2000 as per approval by BSE letter dated March 10,2014. The warrant holder has to pay Rs.7.5/- per warrant at time of allotment of warrant. The warrant will be converted at the option of the allottees into equity shares of Rs.10/- each at par at any time within 18 months from the date of allotment, in case of option is not exercise within a period of 18 months from the date of allotment, Rs.2.5/- paid on the date of allotment shall be forfeited.

5. The company has not issued any Right/ Bonus shares during any five preceding years.

6. Cash Credit with Sardar Vallabhbhai Sahakari Bank is secured by hypothecation of book debts of company, and mortgage of office building in the name of the company in tune of sanction limits. The company has not defaulted in payment of loans during the financial year.

7. Related Party Transactions:

As per Accounting Standard 18, issued by the Institute of Chartered Accountants of India, the disclosures of transactions with the related parties as defined in the Accounting Standards are given below:

83 Key Management Personnel (KMP):

Mr. Nimesh D. Patel

Mr. Paresh M Patel

9. Relative of Key Management Personnel (RKMP):

Mrs. Hiteshi N. Patel

Mr. Dashrathbhai B Patel

10. Disclosure of Transactions between the Company and Related Parties and the status of outstanding balances as at March 31, 2016:

11. During the year, there were no imports of raw materials, stores and spares or capital goods and there was no remittance in foreign currency on account of dividends.

12. Estimated amount of contracts remaining to be executed on capital account and not provided for: Rs. Nil (Rs. Nil).

13. In opinion of the directors, contingent liability not provided is Rs. Nil. (Rs. Nil).

14. Figures have been rounded off to the nearest rupee and previous year's figures have been regrouped, rearranged and reclassified wherever necessary to confirm with current year's figures.