1) INCOME RECOGNITION:

a) The Company recognizes rent on accrual basis in accordance with the
substance of the relevant agreement.

b) Dividend income from investments is recognized when the right to
receive payment has been established.

c) Interest on bank deposits is recognized on accrual basis.

2) PROPERTY, PLANT AND EQUIPMENT:

Property, Plant and Equipment are stated in the Balance Sheet at cost less
accumulated depreciation. Cost of acquisition of Property, Plant and
Equipmentis inclusive of insurance, compensation charges, freight, duties,
taxes and cost of installation as applicable.

3) DEPRECIATION:

Depreciation is provided on Written Down Value Method based on the useful
life of the assets as prescribed in Schedule II to the Companies Act, 2013.

4) INVESTMENT PROPERTIES

Investment properties being land and buildings are stated at cost. On an
analysis carried out by the Management, no impairment loss has been
recognized during the year.

5) CURRENT INVESTMENTS

Stocks of shares in trade, where quoted, are valued scrip-wise at cost or
market value as per quotations available as on the Balance Sheet date,
whichever is less. Unquoted equity shares are valued at cost or break-up
value, whichever is lower. Where the balance sheet of the invested company
is not available, such shares are valued at one rupee.

During the year ended March 31,2025, the Company considered indicators of
impairment including market values of the quoted investments. The outcome
of such assessment did not result in recognition of any impairment for
investments held by the Company. The Management believes that no
reasonably possible change in any of the key assumptions used in the
assessment would cause the carrying value of such investment to exceed its
recoverable amount. Hence, no impairment loss on investments is recognised
during the year.

6) The Board of Directors in their meeting held on 15/10/2015 has decided to
come out of the NBFC business. Accordingly, the certificate of registration
issued by the Reserve Bank of India under the provisions of section 45-IA of
the Reserve Bank Act, 1934 has been surrendered for cancellation. The
Reserve Bank has duly passed an order dated 21/03/2016 cancelling the

certificate of registration. Thus, the Company is no longer in to NBFC
business, but is merely collecting the outstanding dues.

7) CONTINGENCIES AND COMMITMENTS

The Company records a liability for any claims where a potential loss is
probable and capable of being estimated and discloses such matters in its
financial statements, if material. For potential losses that are considered
possible, but not probable, the Company provides disclosure in the financial
statements but does not record a liability in its accounts unless the loss
becomes probable.

The Company is having dispute with the Income Tax Department with regard
to the income it has offered on entering into development agreement during
the financial year 2014-15 with respect to the land at Hyderabad. The
Company has disputed the demand raised by the Income Tax Department of
Rs.1.53 Crores for the assessment year 2015-16, before the Commissioner
(Appeals). The Company has applied for the stay of collection of the disputed
tax by payment of 20% of the sum. The Company expects to get a favourable
verdict in the matter and therefore, has not made any provision towards the
disputed tax.

8) There are no outstanding dues as on the Balance Sheet date to any micro,
small or medium enterprises.

9) MANAGERIAL REMUNERATION

No remuneration has been paid to any director, key managerial personnel or
other related parties during the year.

10) INCOME TAXES

Tax expense for the year comprises of current and deferred tax. The tax
currently payable is based on taxable profit for the year. Taxable profit differs
from net profit as reported in the statement of profit and loss because it
excludes items of income or expense that are taxable or deductible in other
years and it further excludes items that are never taxable or deductible. The
Company’s liability for current tax is calculated using tax rates and tax laws
that have been enacted or substantively enacted by the end of the reporting
period.

Deferred tax is the tax expected to be payable or recoverable on differences
between the carrying value of assets and liabilities in the financial statements
and the corresponding tax bases used in the computation of taxable profit and
is accounted for using the balance sheet liability method. Deferred tax
liabilities are generally recognised for all taxable temporary differences. In
contrast, deferred tax assets are only recognised to the extent that it is
probable that future taxable profits will be available against which the
temporary differences can be utilised.

The timing difference between taxable income and the income as per the
books of accounts being insignificant, no deferred tax asset or liability has
been recognized for the year.

11) SEGMENT REPORTING

The Company has discontinued its non-banking finance business and has
been in receipt of rental income only, during the year. As such the Company's
activity falls within a single business and therefore there are no additional
disclosures to be provided under Accounting Standard (AS-17) "Segment
Reporting", other than those already provided in the financial statements.

12) RELATED PARTY TRANSACTIONS

There are no transactions during the year with any of the related parties, to be
disclosed in accordance with the Indian Accounting Standard (Ind AS) 24
"Related Party Disclosures”.

13) EARNING PER SHARE:

In determining earnings - per share, the Company considers the net profit
after tax and includes the post-tax effect of any extra-ordinary/exceptional
item. The number of shares used in computing basic earnings per share is
the weighted average number of shares outstanding during the period. The
number of shares used in computing diluted earnings per share comprises the
weighted average shares considered for deriving basic earnings per share,
and also the weighted average number of equity shares that could have been
issued on the conversion of all dilutive potential equity shares.

14) There was no expenditure on employees who are in receipt of remuneration
covered in terms of the provisions of Rule 5(2) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 to
furnish the particulars mentioned in Rule 5(1) thereof.

LOANS

15) (a) The Company has not advanced or loaned or invested (either from borrowed

funds or share premium or any other sources or kind of funds) to or in any
other person(s) or entity(ies), including foreign entities ('Intermediaries'), with
the understanding, whether recorded in writing or otherwise, that the
Intermediary shall, whether, directly or indirectly lend or invest in other
persons or entities identified in any manner whatsoever by or on behalf of the
Company ('Ultimate Beneficiaries') or provide any guarantee, security or the
like on behalf of the Ultimate Beneficiaries; and

(b) The Company has not received any funds from any person(s) or entity(ies),
including foreign entities ('Funding Parties'), with the understanding, whether
recorded in writing or otherwise, that the Company shall, whether, directly or
indirectly, lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Funding Party ('Ultimate Beneficiaries') or
provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

16) There are no outstanding loans/advances in nature of loan to or from
promoters, key management personnel or other officers of the Company.

17) CORPORATE SOCIAL RESPONSIBILITY

Given the net worth, turnover and the net profit of the Company, the
provisions of section 135 with respect to corporate social responsibility are not
applicable for the year.

18) DIVIDEND

The Board has not recommended the payment of any dividend during the
year.

FINANCIAL RATIOS

19) The applicable financial ratios to be disclosed for the years ended March 31,
2025 and March 31,2024 are as follows:

Note:

(1) Though the current assets have increased, the increase in current liabilities in form of provision for
taxation was proportionately more.

(2) Increase in income from investment was due to receipt of arrears of dividend.

BORROWINGS FROM BANKS

20) The Company has not availed any working capital limits from banks or
financial institutions at any point of time during the year.

RELATIONSHIP WITH STRUCK-OFF COMPANIES

21) The Company did not have any transactions with companies struck off under
section 248 of the Companies Act, 2013 or section 560 of Companies Act,
1956 considering the information available

COMPLIANCE WITH NUMBER OF LAYERS OF COMPANIES

22) The Company do not have any parent company and accordingly, compliance
with the number of layers prescribed under clause (87) of section 2 of the Act
read with Companies (Restriction on number of Layers) Rules, 2017 is not
applicable for the year under consideration.

SCHEME OF ARRANGEMENTS

23) There are no schemes of arrangements approved by the Competent Authority
in terms of sections 230 to 237 of the Companies Act, 2013 during the year.

24) There was no consumption of imported raw materials, components or spare
parts during the year.

25) There were no earnings or expenditure in foreign currency during the year.

26) Previous Year's Figures are regrouped wherever necessary