అకౌంట్స్ గమనికలుLadam Affordable Housing Ltd.

*The Company had made investments in Lacon India Limited (Associate Company) and Ladam Foods Private Limited (Subsidiary Company). During the year, the management assessed the recoverability of the said investments and noted that the aforesaid entities are under the process of strike off / closure. Accordingly, the management is of the view that no future economic benefits are expected to arise from such investments. In view of the above, the Company has recognised full impairment provision against the carrying value of the aforesaid investments in accordance with the provisions of Ind AS 36 -Impairment of Assets. Accordingly, the carrying amount of Investments disclosed in these Financial Statements has been presented net of impairment provision recognised against such investments. The Company will fully write off the investments in the respective Associate / Subsidiary entities upon completion of the strike off process of the aforesaid entities and upon receipt of the necessary supporting documents / confirmations in this regard.

* The Company had granted loans / advances to Lacon India Limited (Associate Company) and Ladam Foods Private Limited (Subsidiary Company). During the year, the management evaluated the recoverability of the said amounts and noted that the aforesaid entities are under the process of strike off / closure and accordingly the recovery of such loans / advances is considered doubtful / not recoverable. Considering the above assessment, the Company has recognised full provision against the carrying value of such loans / advances in accordance with the requirements of Ind AS 109 - Financial Instruments. Accordingly, the carrying amount of such loans / advances disclosed in these Financial Statements is presented net of provision recognised against the aforesaid amounts.The Company will

fully write off the investments in the respective Associate / Subsidiary entities upon completion of the strike off process of the aforesaid entities and upon receipt of the necessary supporting documents / confirmations in this regard.

(II) Terms/Rights Attached to Equity Shares

The Company has only one class of equity shares having par value of Rs. 5 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaining assets of the Company, in proportion of their shareholding.

(III) Details of Shares Held by Each Shareholder Holding More Than 5% Shares.

(Ii) Terms/Rights Attached to Equity Shares

The Company has only one class of equity shares having par value of Rs. 5 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaining assets of the Company, in proportion of their shareholding.

Amount due to "Micro or Small Enterprises" under Micro, Small and Medium Enterprises Development Act, 2006 is Rs.2.396 Lacs. This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company. Further no interest is paid/payable to in terms of section 16 of the said Act.

vi) Revenue Recognition

Revenue is measured at the fair value of consideration received or receivable,
(net of service tax/goods and services tax/value added tax). Revenue is
recognized when the amount of revenue can be reliably measured, and it is
probable that future economic benefits will flow to the entity.

vii) Security Deposit

Security deposit doesn''t have a determinable fixed period hence the same has
not been discounted.

viii) Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash on hand, amount at
banks and other short-term deposits with an original maturity of three months
or less that are readily convertible to known amount of cash and, which are
subject to an insignificant risk of changes in value. For the purpose of the
statement of cash flows, cash and cash equivalents consist of cash and short¬
term deposits, as defined above, net of outstanding bank overdrafts as they are
considered as an integral part of the company''s cash management.

ix) Miscellaneous

Corresponding year figures have been regrouped wherever necessary.

x) Contingent Liabilities

Company did not borrow any amount during the year. There are no other
contingent liabilities.

For and On Behalf of Board of For D P Sarda & Co

Directors Ladam Affordable Housing Limited Chartered

Accountant

FRN 117227W

Sd/-

Sumesh Agarwal Sd/-

Director

DIN: 00325063 CA Mukund D Sarda

Partner
MRN 149588

UDIN: 23149588BGWHRA7758

Sd/-

Ashwin SharmaDirectorDIN :05143846