(d) Rights, Preferences and restrictions attached to shares:
The Company has only one class of equity having a par value of Rs. 1 per share. Each shareholder is eligible for one vote per share held. The
dividend proposed by the board of directors is subject to the approval of the shareholders in ensuring Annual General Meeting, except in
case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company
after distribution of all preferential amounts, in portion to their shareholding.
Note:24. a). The response to letters sent by the Company requesting confirmation of balances has been insignificant. In the
management's opinions, adjustment on reconciliation of the balances, if any required, will not be material in relation to the financial
statements of the company and the same will be adjusted in the financial statements as and when the confirmations are received and
reconciliations are completed.
b). Inventories, loans & advances, trade receivables and other current / non-current assets are reviewed annualy and in the opinion of
the management do not have a value on realization in the ordinary course of business, less than the amount at which they are stated in
the balance sheet.
Note 25. The company opreates in a two type of business i.e. Income form Shares & Interest Income and single geographical segment i.e.
with in India Accordingly no seprate disclosures for primary Business and Second Geographical segment are required
Note:28 RELATED PARTY DISCLOSURES
A Names of related parties and description of relation :
(i) Holding companies: NIL
(ii) Subsidiary companies : NIL
(iii) Related parties other than holding companies with whom transactions have taken place during the year
(a) Fellow subsidiaries : NIL
(b) Other related parties: Aglow Financial Services Pvt Ltd, Midas Global Securities Limited, Tridev InfraEstates Limited,
Jolly Plastic Inds Limited.
(iv) Key Management Personnal: Atul Kumar Agarwal, Mamta Agarwal, Nikhil Bansal, Amit Aggarwal, Rajeev Garg, Geeta(C.S.)
(v) Relatives of KMP: Mr. Sudhir Kumar Agarwal
B Transactions with related parties For the year ended March 31, 2025
(ii) The company do not owns any immovable property which is in the name of the company
(iii) The company holds investments in its own name (Refer Note-3).
(iv) The Company does not have any benami property, where any proceeding has been initiated or
pending against the Company for holding any benami property.
(v) The Company has not traded or invested in Crypto currency or Virtual Currency during the
financial year.
(vi) The company does not have any Intangible assets under development.
(vii) The Company has not advanced or loaned or invested funds to any other person(s) or entity
(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary
shall:
(a) 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
(b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries
(viii) The Company has no subsidary company therefore Rules with regard to the number of layers
prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on
number of Layers) Rules, 2017 are not applicable.
(ix) The Company has not received funds from person(s) or entity (ies) with the understanding
(whether recorded in writing or otherwise) that the Company. shall 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
(x) The company does not have any transactions with the companies struck off under section 248
of Companies Act, 2013 or section 560 of Companies Act, 1956.
(xi) The Provision of section 135 is not applicable on the Company and accordingly the company is
not required to spent on CSR activities.
(xii) The Company has satisfied all charges with ROC but the charge satisfaction form is yet to be
filled
(xiii) The company has not borrowed funds from banks or financial institutions on the basis of the
security of current assets for which the quarterly statements is to be submitted to the bank.
(xiv) The Company has not revalued its Property, Plant & Equipment (including Right of Use
Assets)
(xiv) During the year, No scheme of Arrangements has been applied by the company to the
Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.
For and on behalf of Board
Abhinav Leasing & Finance Ltd.
For: GAMS & Associates LLP
Chartered Accountants
FRN - ON500094
Sd/- Sd/- Sd/-
Atul Kumar Agarwal Mamta Agarwal Amit Aggarwal Geeta
(Director) (Managing Director) (Additional Director C.F.O) (C.S.)
DIN: 00022779 DIN:02425119 DIN:-02504414 PAN: BRXPG9257J
C A Anil Gupta
(Partner)
M NO.- 088218
UDIN: 25088218BMKVRF2574
Date: 30.05.2025
Place: New Delhi
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