అకౌంట్స్ గమనికలుTerraform Magnum Ltd.

Mar 31, 2024

f) Provisions, contingent assets and contingent liabilities

Provisions are recognised only when there is a present obligation, as a result of past events, and when a reliable estimate of the amount of
obligation can be made at the reporting date These estimates are reviewed at each reporting date and adjusted to reflect the current best
estimates. Provisions are discounted to their present values, where the time value of money is material

Contingent liability is disclosed for

• Possible obligations which will be confirmed only by future events not wholly within the controt of the Company or

• Present obligations arising from past events where it is not probable that an outflow of resources will be raquired to settle the obligation or a
reliable estimate of the amount of the obligation cannot be made

Contingent assets are not recognized. However, when inflow of economic Denefit is probable, related asset is disclosed

g) Revenue recognition

The Company is engaged in real estate property development

The core principle of ind AS 115 is that an entity should recognise revenue to depict the transfer of promised goods or services to customers in
an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Specifically, the
standaro introduces a 5-step approach to revenue recognition:

Revenue is recognized on satisfaction of performance obligation upon transfer of control of products to customers in an amount that reflects the
consideration the Company expects to receive n exchange for those products

Step 1 Identify the contract(s) with a customer
Step 2 Identify tho performance obligat.on in contact
Step 3- Determine the transaction pnce

Step 4 Allocate the transaction price to the performance obligations in the contract
Step 5 Recognise revenue when (or as) the entity satisfies a performance obligation

Under Ind AS 115, an entity recognises revenue when (or as) a performance obligation is satisfied, i.e. when ''control'' of the goods or services
underlying the particular performance obligation is transferred to the customar The Company has completed its evaluation of the possible impact
of Ind AS 115 and has adopted the standard from 1st April, 2018

Interest Income is recognised on an accrual basis using the effective interest method

h) Recent accounting pronouncements

Ministry of Corporate Affairs (''MCA”) notifies new standards or amendments to the existing standards under Companies (Indian Accounting
Standards) Rules as issued from time to time. During year ended March 31. 2024. MCA has not notified any new standards or amendments to the
existing standards applicable to tho Company

Fair values hierarchy

Financial assets and financial liabilities measured at fair value in the statement of fmanciat position are grouped into three levels of a fair
value hierarchy. The three levels are defined based on the observability of significant inputs to the measurement, as follows:

Level 1: quoted pnces (unadjusted) in active markets for identical assets or liabilities:

Level 2: The fair value of financial instruments that ere not traded m an active market is determined using valuauon techniques which
maxinnse the use of observable market data and rely as little as possible on entity specific estimates

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

No assets or Liabilities are valued at fair value in current year and in previous year

A) Credit Risk

Credit nsk is the nsk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due to the Company causing financial toss. It arises from cash
and cash equivalents, deposits with banks and financial institutions, security deposits, loans given and pnncipally from credit exposures to customers relating to outstanding
receivables. The Company''s maximum exposure to credit risk is limited to the carrying amount of financial assets recognised at reporting date

The Company continuously monitors defaults of customers and other counterparties, identified either individually or by the Company, and Incorporates this information into its
credit risk controls. Where available at reasonable cost, external credit ratings andfor reports on customers and other counterparties are obtained and used. The Company''s
policy is to deal only witn creditworthy counterparties

In respect of trade and other receivables, the Company is not exposed to any significant credll risk exposure to any single counterparty or any company of counterparties
having similar charactenstics. The Company has very limited history of customer default, and considers tho credit quality of trade receivables that are not past due or impaired
to be good.

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable secunties and the availabiktv of fundi no
^0t,,l9a"°^nS «*“ ^{Due t0ltle} "*» °^f •» Company maintains flexibility in tuning by

^of r^aed ?*^{The comw iakcs} «

%%£££?****^{asse,s ,o meei} —»»**<— -u. ssscszs

The Company" s capital management objectives are

- to ensure the Company''s ability to continue as a going concern

- to provide an adequate return to shareholders

The Company monitors capital on the basis of the carrying amount of equity less cash and cash equivalents as presented on the face of balance sheet.

I^™^M„T^^eT;lH^aSS?^SSeI^m? ^C?7^a;^y''^{s capi,al} In order to maintain an efficient overall financing structure while avoid,ng excessive lovo,a₀e Thin lakes Into

th^n^iT^^r^?^{atj0n teV}£^{S Va},^{n0U3 daSSeS} °^{f debl 1116 Company mana}9^es the capital structure and makes adjustments to it in the !.ght or changes ,n

the economic conditions ana the nsk cbaractenstics of the underlying assets In order to maintain or adjust the capital structure, the Company may adjust the amount of ⁹
dividends paid to shareholders, return capital to shareholders, issue new shares, or sell assets to reduce debt

Note 21 DISCLOSURES SPECIFIED BY THE MSMED ACT

As per she information available vwtn the comoany there are no Micro, Small and Medium Enterprises as defined under
the Micro. Small and Medium Enterprises Development Act, 2006“ and hence not reoorToo

Note 22 Other Statutory Information

^^^{Benami p,openy}'' "»°''^{ocee<,,n81,35} ^ O'' ».“¦>» *m«»

(it) The Company does not have any transaction with companies struck off

{.») The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

auhiority^³^ ^ ^{by any oank 0f} ««»»»°^r Government or any government

^•"*

^PWM°’ ^ln "''“’wwl''asoevsr by or On On*.,*

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Benefioaries

™ >**>

SST^{per5WS or} ““^{as ,oam,fi,rf ,n 8ny} ^ ^{w oy} ™ ^6oha*⁰¹

(b) provide any guarantee, scanty or tne like on benaif of the Ultimate Beneficanes.

(vm) The Company does not have any transaction whch is not recorded In the books of accounts that has been surrendered
or disoosed as income during the year in the tax assessments under the Income Tax Ac: 1961 (such as search or"
survey or any other relevant provis.ons of the income Tax Act, 1961 ^{1 SS> Search 0f}

(ix) The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read witn the
Companies (Restriction on number of Layers) Rules. 2017 ^m

(X) The company has not entered into any scheme of arrangement in terms of sections 230 to 237 of the Compares Act

S ^ *** ^sanctK>ned *>*"8 W*'' m the form of term loans and overdraft facilities

(XM) There is no immovable property in tne books of the company whose title deed is not held In the name of the company

Note 23 There are no matenal events after the reporting dale that require disclosure in these financial statements

^NOt° ²⁴ JU S2W«S£^an!^^Untin° ^{SOfiware ,or rrvainla,rir>}0 to books of account which has a feature of recording audit
h-ail tedit log) facility ano tne same has operated throughout the year for all relevant transactions recorded in the
ao^unbng sofevare, except tnat audit trail feature is not enatieo for certain direct changes to the

^3CCeS! ^,0 ^ ^f,r>anC‘^{al preparatl}°" ^s°«"^a''« further no instant of auOt tri feature Shg
tampered witn was noted in respect of the accounting software ®

J^{08 nasb}°^{en actJvatod at} application and the privileged access to database continues to be restricted
to kmited set of users who necessanly roquire this access for maintenance and administration of the database

Note 28 No dividend paid dunng the current year and previous year

^{NOte 27} JET^{r,ave r}''^8raupe‘¹ *ⁿ° ^r"^a"^a"^{9M whareyer 10} ™«* « compliance won

As per attached report of even date. For or/* ben/of the Board of Director,

For DMKH & Co. / // yf \

FIRM REGN NO 116886W ///J/ff/

CHARTERED ACCOUNTANTS lAj/WsnWS⁷⁷ * > ¹ ''

S. S--\ ¦ VIMAL K. SHAH

( A JL<\_k Managing Director Director

P DIN No. 00716040

\J>

/gj) “™f^MLAD0® URMIBHANUSHAU RAJESH MOHANTY

Company Secretary Chief Financial Officer

Pd'' Membership No. -401845 Membership No. A 72704

Place Gandhinagar Place _Mumbai

Dato 30-May-24 _Date 3Q.May.24

“* ^:2HHCi8H£BMW&Difitzn

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Mar 31, 2014

1) a) SEGMENT REPORTING:-

Business Segment:

The Company''s main business is investment and dealing in shares and properties. All other activities of the Company revolve around this main business. There are no separate segments within the Company as defined by AS 17 ( Segment Reporting ) issued by The Institute of Chartered Accountant of India. ii) Geographical Segment: There is no separate reportable geographical segment,

b) DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD IS :-

i) Associates:

1 Forum Construction (formerly Everest Guilders & Developers)

2 Terraform Spaces (formerly Everest Construction Company)

3 Megaview Magnum Co (formerly Everest Developers)

4 Megaview Spaces (formerly Jayesh Builders)

5 Megabuild Spaces (formerly Nandkripa Builders)

6 Tenaform Kutir (formerly Nandkripa Construction Company)

7 Money Magnum Constructions (formerly National Dyes) S Merit Magnum Construction (formerly Vimal Builders)

9 Terraform Construction Pvt, Ltd. (formerly Abacus Realtors Pvt. Ltd )

10 Megabuild Mansi Pvt. Ltd. (formerly Avaneesh Buiiders & Contractors Pvt, Ltd.)

11 Tosha Meet Private Limited (formerly Everest Designs Private Limited )

12 Mansi Nest Private Limited (formerly Everest Dweller Private Limited)

13 Money Magnum Nest Private Limited (formerly Everest Fincap Private Limited)

14 Everest Fintrade Ltd.

15 Megaview Manjil Construction Private Limited (formerly Everest Gold Property Developers Pvt. Ltd.)

16 Mugdha Creation Private Limited (formerly Everest Land Developers (India) Private Limited)

17 Terrafirm Sofuech Pvt. Ltd, (formerly Everest Realtors Pvt, Ltd.)

18 Manshila Construction Private Limited (formerly Everest Shelters (India) Private Limited)

19 Megabuild Kutir Company Private Limited (formerly Everest Silverline Infraprojects Pvt. Ltd.)

20 Terraform Meet Pvt. Ltd, (formerly Green Premises Pvt. Ltd.)

21 Megaview Realty Pvt. Ltd (formerly Greenavenue Infraprojects Pvt. Ltd.)

22 Megaview Tosha Realty Private Limited (formerly Greenpaiace Infra Projects Pvt. Ltd.)

23 Terrafirm Construction Pvt. Ltd (formerly Greentech Developers Pvt, Ltd,)

24 Megabuild Nest Realty Private Limited (formerly Grhalakshmi Town Planners Pvt. Ltd.)

25 Megaview Kutir Company Private Limited (formerly Grihasukh Urban Town Developers Private Limited)

26 Megaview Manshila Pvt. Ltd (formerly Hillcrest Townplanners Pvt. Ltd.)

27 Deep Kutir Pvt. Ltd. (formerly Infrastructure &. Realtors India Pvt. Ltd )

28 Megaview Meet Company Private Limited (formerly Maple Townplanners Pvt. Ltd.)

29 Tvisha Construction Private Limited (formerly Nainesh Land Developers Pvt ltd)

30 Megaview Mugdha Construction Private Limited (formerly Nandkripa Builders Pvt. Ltd)

31 Megaview Manjil Realtor Private Limited (formerly Palmhome Towers Private Limited )

32 Megabuild Tvisha Realtor Private Limited (formerly Panna Urban Developers Private Limited)

33 Megaview Nest Company Pvt.Ltd. (formerly Premkutir Builders &. Contractors Pvt. Ltd.)

34 Megaview Tosha Construction Pvt. Ltd. u (formerly Sai Tirth Constructions Pvt. Ltd.)

35 Megabuild Tosha Realtor Pvt. Ltd. (formerly Shantikutir Realtors Pvt. Ltd.)

36 Megaview Tvisha Construction Private Limited (formerly Shobhan Builders &. Contractors Pvt. Ltd.)

37 Terraform Merit Construction Pvt. Ltd. (formerly Shubhavastu Property Developers PvL Ltd.)

38 Megabuild Mugdha Realty Private Ltd (formerly Silvercostle Property Developers Pvt. Ltd.)

39 Megabuild Manshila Realty Pvt. Ltd (formerly Soubhagya Homemakers Pvt. Ltd.)

40 Megaview Tvisha Realty Pvt Ltd. (formerly Soulspace Estate &. Developers PvL Ltd.)

41 Megabuild Meet Construction Pvt. Ltd. (formerly Sukhdham Property Developers Pvt. Ltd.)

42 Megabuild Merit Pvt. Ltd. (formerly Sunderban Homesolutions Pvt. Ltd.)

43 Terraform Tvisha Pvt. Ltd. (formerly Vardan Homemakers Pvt. Ltd.)

44 Terrafirai Nest Pvt. Ltd. (formerly Varun Realtors Pvl Ltd.)

45 Terraform Manshila Construction Pvt. Ltd (formerly Vnstushilpa Realtors Pvt. Ltd)

46 Terraform Manjii Pvt. Ltd. (formerly Vatikn Homemakers Pvt. Ltd)

47 Terraform Nest Pvt. Ltd (formerly Vision Buiidcon Pvt, Ltd)

48 Joyce Realtors Pvt Ltd

49 Supernal Realtors Pvt Ltd

50 Vengas Realtors Pvt Ltd

51 Rare Township Pvt. Ltd. (formerly Infrastructure Venture India Pvt Ltd.)

ii) Key Management personnel Mr. Kishor N. Shah - Director

Mr. Vimal K. Shah - Director Mr. Nainesh K. Shah - Director Mrs. Saryu K. Shah - Relative Mrs. Richa V, Shah - Director Mrs. Jesal N. Shah - Relative

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Mar 31, 2013

1) a) SEGMENT REPORTING:-

i) RiLsiness Seement:

The Company''s main business is investment and dealing in shares and properties. All other activities of the Company revolve around this main business. There are no separate segments within the Company as defined by AS 17 ( Segment Reporting ) issued by The Institute of Chartered Accountant of India.

ii) Geographical Seement:

There is no separate reportable geographical segment.

b) DISCLOSURE IN RESPECT" OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD IS :- i) Associates:

1 Forum Construction (formerly Everest Builders &, Developers)

2 Terraform Spaces (formerly Everest Construction Company)

3 Megnview Magnum Co (formerly Everest Developers)

4 Megaview Spaces (formerly Jayesh Builders)

5 Megabuild Spaces (formerly Nandkripa Builders)

6 Terraform Kutir (formerly Nandkripa Construction Company)

7 Money Magnum Constructions (formerly National Dyes)

8 Merit Magnum Construction (formerly Vimal Builders)

9 Terraform Construction Pvt, Ltd, (formerly Abacus Realtors Pvt. Ltd )

10 Megabuild Mansi Pvt. Ltd. (formerly Avaneesh Builders & Contractors Pvt. Ltd.)

11 Tosha Meel Private Limited (formerly Everest Designs Private Limited

12 Mansi Nest Private Limited (formerly Everest Dweller Private Limited)

13 Money Magnum Nest Private Limited (formerly Everest Fincap Private Limited)

14 Everest Fintrade Ltd,

15 Megaview Manjil Construction Private Limited (formerly Everest Gold Property Developers Pvt. Ltd.)

16 Mugdha Creation Private Limited (formerly Everest Land Developers (India) Private Limited)

17 Terrafirrn Softtech Pvt. Ltd. (formerly Everest Realtors Pvt. Ltd.)

18 Manshila Construction Private Limited (formerly Everest Shelters (India) Private Limited)

19 Megabuild Kutir Company Private Limited (formerly Everest Siiverline Infraprojects Pvt. Ltd.)

20 Terraform Meet Pvt. Ltd. (formerly Green Premises Pvt. Ltd. )

21 Megaview Realty Pvt. Ltd (formerly Greenavenue Infraprojects Pvt. Ltd.}

22 Megaview Tosha Realty Private Limited (formerly Greenpalace Infra Projects Pvt. Ltd.)

23 Terrafirrn Construction Pvt, Ltd (formerly Greentech Developers Pvt. Ltd.)

24 Megabuild Nest Realty Private Limited (formerly Gritalakshmi Town Planners Pvt. Ltd.)

25 Megaview Kutir Company Private Limited (formerly Grihasukh Urban Town Developers Private Limited)

26 Megaview Manshila Pvt. Ltd (formerly Hillcrest Townplanners Pvt. Ltd.)

27 Deep Kutir Pvt. Ltd. (formerly Infrastructure &. Realtors India Pvt. Ltd )

28 Megaview Meet Company Private Limited (formerly Maple Townplanners Pvt. Ltd.)

29 Tvisha Construction Private Limited (formerly Nainesh Land Developers Pvt ltd)

30 Megaview Mugdha Construction Private Limited (formerly Nandkripa Builders Pvt. Ltd)

31 Megaview Manjil Realtor Private Limited (formerly Palmhome Towers Private Limited )

32 Megabuild Tvisha Realtor Private Limited (formerly Panna Urban Developers Private Limited)

33 Megaview Nest Company Pvt.Ltd. (formerly Premkutir Builders &. Contractors Pvt. Ltd.)

34 Megaview Tosha Construction Pvt, Ltd, ~> (formerly Sai Tirlh Constructions Pvt. Ltd.)

35 Megabuild Tosha Realtor Pvt. Ltd. (formerly Shantikulir Realtors Pvt, Ltd.)

36 Megaview Tvisha Construction Private Limited (formerly Shobhan Builders & Contractors Pvt. Ltd.)

37 Terraform Merit Construction Pvt. Ltd. {formerly Shubhavastu Property Developers Pvt. Ltd.)

38 Megabuild Mugdha Realty Private Ltd (formerly Silvercastle Property Developers Pvt. Ltd.)

39 Megabuild Manshila Realty Pvt. Ltd (formerly Soubhagya Homemakers Pvt. Ltd.)

40 Megaview Tvisha Realty Pvt. Ltd. (formerly Souispace Estate &. Developers Pvt. Ltd.)

41 Megabuiid Meet Construction Pvt, Ltd. (formerly Sukhdham Property Developers Pvt. Ltd.)

42 Megabuild Merit Pvt. Ltd. (formerly Sunderban llomesolutions Pvt. Ltd.)

43 Terraform Tvisha Pvt. Ltd, {formerly Vardan Homemakers Pvt, Ltd.)

44 Terrafirm Nest Pvt. Ltd. (formerly Varan Realtors Pvt. Ltd.)

45 Terraform Mansmla Construction Pvt. Ltd (formerly Vastushilpa Realtors Pvt. Ltd)

46 Terraform Manjil Pvt. Ltd. (formerly Vntika Homemakers Pvt. Ltd)

47 Terraform Nest Pvt. Ltd (formerly Vision Buildcon Pvt. Ltd)

48 Joyce Realtors Pvt Ltd

49 Supernal Realtors Pvt Ltd

50 Vengas Realtors Pvt Ltd

51 Rare Township Pvt. Ltd. (formerly Infrastructure Venture India Pvt Ltd.)

ii) Key Management personnel Mr. Kishor N. Shah - Director

Mr. Vimal K, Shah Director Mr. Nainesh K. Shah - Director Mrs. Saryu K. Shah - Relative Mrs. Richa V. Shah - Director Mrs. Jesal N. Shah - Relative

c) The Company has not paid or provided interest on unsecured loan from Directors as the same are interest free loans.

d) In past, some of the shares belonging to the Company were given to the share-broker who misappropriated the same. Necessary actions are taken by the Directors with appropriate Authorities, It is also stated that some of the Shares are not transferred by the Purchasers. In respect of some of the shares the records are under compilation. The Shares are in the name of V. Dinesh Traders Ltd., the former name of the company. Accordingly dividends if received the same is not credited in company''s account. The loss /damage, if any, due to these discrepancies are not provided in the account.

e) ACCOUNTING FOR TAX

Current Tax is accounted on the basis ofestimated taxable income for the current accounting year and in accordance with the provision oflncome Tax Act, 1961.

2 DISCLOSURES SPECIFIED BY THE MSMED ACT

As per the information available with the company there are no Micro, Small and Medium Enterprises as defined under the "Micro, Small and Medium Enterprises Development Act, 2006", and hence not reported.

NOTE 3 NAME CHANGE OF THE COMPANY

The Company has changed its name from Everest Buildcon Limited to Terraform Magnum Limited as per fresh certificate oflncorporation dated 14fh June. 2012.

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Mar 31, 2012

I) Business Segment:

The Company's main business is investment and dealing in shares and properties. All other activities of the Company revolve around this main business. There are no separate segments within the Company as defined by AS 17 (Segment Reporting) issued by The Institute of Chartered Accountant of India.

ii) Geographical Segment:

There is no separate reportable geographical segment.

b) DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD IS :

i) Associates :

1. Forum Construction (formerly Everest Builders & Developers)

2. Terraform Spaces (formerly Everest Construction Company)

3. Megaview Magnum Co. (formerly Everest Developers)

4. Megaview Spaces (formerly Jayesh Builders)

5. Megabuild Spaces (formerly Nandkripa Builders)

6. Terraform Kutir (formerly Nandkripa Construction Company)

7. Money Magnum Constructions (formerly National Dyes)

8. Merit Magnum Construction (formerly Vimal Builders)

9. Terraform Construction Pvt. Ltd. (formerly Abacus Realtors Pvt. Ltd )

10. Megabuild Mansi Pvt. Ltd. (formerly Avaneesh Builders & Contractors Pvt. Ltd.)

11. Tosha Meet Private Limited (formerly Everest Designs Private Limited )

12. Mansi Nest Private Limited (formerly Everest Dweller Private Limited)

13. Money Magnum Nest Private Limited (formerly Everest Fincap Private Limited)

14. Everest Fintrade Ltd.

15. Megaview Manjil Construction Private Limited (formerly Everest Gold Property Dev#)

16. Mugdha Creation Private Limited (formerly Everest Land Developers (India) Private

17. Terrafirm Softtech Pvt. Ltd. (formerly Everest Realtors Pvt. Ltd.)

18. Manshila Construction Private Limited (formerly Everest Shelters (India) Private Limited.

19. Megabuild Kutir Company Private Limited (formerly Everest Silverline Infraprojects)

20. Terraform Meet Pvt. Ltd. (formerly Green Premises Pvt. Ltd.)

21. Megaview Realty Pvt. Ltd (formerly Greenavenue Infraprojects Pvt. Ltd.)

22. Megaview Tosha Realty Private Limited (formerly Greenpalace Infra Projects Pvt. Ltd.)

23. Terrafirm Construction Pvt. Ltd (formerly Greentech Developers Pvt. Ltd.)

24. Megabuild Nest Really Private Limited (formerly Grhalakshmi Town Planners Pvt. Ltd.)

25. Megaview Kutir Company Private Limited (formerly Grihasukh Urban Town Developers)

26. Megaview Manshila Pvt. Ltd (formerly Hillcrest Townplanners Pvt. Ltd.)

27. Deep Kutir Pvt. Ltd. (formerly Infrastructure & Realtors India Pvt. Ltd.)

28. Megaview Meet Company Private Limited (formerly Maple Townplanners Pvt. Ltd.)

29. Tvisha Construction Private Limited (formerly Nainesh Land Developers Pvt. Ltd)

30. Megaview Mugdha Construction Private Limited (formerly Nandkripa Builders Pvt. Ltd.)

31. Megaview Manjil Realtor Private Limited (formerly Palmhome Towers Private Limited)

32. Megabuild Tvisha Realtor Private Limited (formerly Panna Urban Developers Private Limited)

33. Megaview Nest Company Pvt. Ltd. (formerly Prcmkutir Builders & Contractors Pvt. Ltd.)

34. Megaview Tosha Construction Pvt. Ltd. (formerly Sai Tirth Constructions Pvt. Ltd.)

35. Megabuild Tosha Realtor Pvt. Ltd. (formerly Shantikutir Realtors Pvt. Ltd.)

36. Megaview Tvisha Construction Private Limited (formerly Shobhan Builders & Constructions)

37. Terraform Merit Construction Pvt. Ltd. (formerly Shubhavastu Property Developers)

38. Megabuild Mugdha Realty Private Ltd (formerly Silvercastle Properly Developers Pvt Ltd.)

39. Megabuild Manshila Realty Pvt. Ltd (formerly Soubhagya Homemakers Pvt. Ltd.)

40. Megaview Tvisha Realty Pvt. Led. (formerly Soulspace Estate & Developers Pvt. Ltd)

41. Megabuild Meet Construction Pvt. Ltd. (formerly Sukhdham Property Developers Pvt Ltd)

42. Megabuild Merit Pvt. Ltd. (formerly Sunderban Homesolutions Pvt. Ltd.)

43. Terraform Tvisha Pvt. Ltd. (formerly Vardan Homemakers Pvt. Ltd.)

44. Terrafirm Nest Pvt. Ltd. (formerly Varun Realtors Pvt. Ltd.)

45. Terraform Manshila Construction Pvt. Ltd (formerly Vastushilpa Realtors Pvt. Ltd)

46. Terraform Manjil Pvt. Ltd. (formerly Valika Homemakers Pvt. Ltd)

47. Terraform Nest Pvt. Ltd (formerly Vision Buildcon Pvt. Ltd)

48. Joyce Realtors Pvt. Ltd

49. Supernal Realtors Pvt. Ltd

50. Vengas Realtors Pvt. Ltd

51. Rare Township Pvt. Ltd. (formerly Infrastructure Venture India Pvt. Ltd.)

ii) Key Management personnel and their Relatives:

Mr. Kishor N. Shah - Managing Director

Mr. Vimal K. Shah - Director

Mr. Nainesh K. Shah - Director

Mrs. Saryu K. Shah - Relative

Mrs. Richo V. Shah - Director

Mrs. Jesal N. Shah - Relative

c) The Company has not paid or provided interest on unsecured loans from Directors as the same are interest free loans.

d) In past, some of the shares belonging to the Company were given to the share-broker who misappropriated the same Necessary actions are taken by the Directors with appropriate Authorities. It is also stated that some of the Shares are not transferred by the Purchasers and therefore the company continue to receive the dividends. In respect of some of the shares the records are under compilation. The Shares are in the name of V. Dinesh Traders Ltd., (he former name of the company. Accordingly dividends if received the same is not credited in company's account. The loss/damage, if any. due to these discrepancies are not provided in the account.

e) ACCOUNTING FOR TAX

Current Tax is accounted on the basis of estimated taxable income for the current accounting year and in accordance with the provision of Income Tax Act, 1961.

f) DISCLOSURES SPECIFIED BY THE MSMED ACT

As per the information available with the company there are no Micro, Small and Medium Enterprises as defined under the "Micro, Small and Medium Enterprises Development Act, 2006", and hence not reported.

NOTE 1 NAME CHANGE OF THE COMPANY

The company has changed its name from Everest Buildcon Limited to Terraform Magnum Limited as per fresh certificate of Incorporation dated 14th June, 2012.

NOTE 2 PREVIOUS YEAR FIGURES

During the year ended 31st March, 2012, the Revised Schedule VI notified under The Companies Act, 1956 has become applicable to the Company for preparation and presention of its financial statement. Accordingly, the company has also reclassified the previous year's figures in accordance with the requirements applicable in the current year. In view of this reclassification, certain figures of current year are not strictly comparable with those of the previous year.

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Mar 31, 2009

Not Available