Note 2(13) - Provisions and contingent liabilities
A provision is recognized when the Company has a
present legal or constructive obligation as a result of past
event and it is probable that an outflow of resources will
be required to settle the obligation, in respect of which
a reliable estimate can be made. These are reviewed at
each Balance Sheet date and adjusted to reflect the
current best estimates.
If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to the
liability. When discounting is used, the increase in the
provision due to the passage of time is recognized as a
finance cost.
Contingent liabilities are disclosed when there is
a possible obligation arising from past events, the
existence of which will be confirmed only by the
occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the
Company or a present obligation that arises from past
events where it is either not probable that an outflow
of resources will be required to settle the obligation
or a reliable estimate of the amount cannot be made.
Contingent assets are neither recognized nor disclosed
in the standalone financial statements.
Note 2(14) - Cash and cash equivalents
The Company considers all highly liquid financial
instruments, which are readily convertible into known
amounts of cash that are subject to an insignificant
risk of change in value and having original maturities
of three months or less from the date of purchase, to
be cash equivalents. Cash and cash equivalents consist
of balances with banks which are unrestricted for
withdrawal and usage.
Note 2(15) - Financial instruments
All financial instruments are recognized initially at fair
value. Transaction costs that are attributable to the
acquisition of the financial asset (other than financial
assets recorded at fair value through profit or loss)
are included in the fair value of the financial assets.
Purchase or sales of financial assets that require delivery
of assets within a time frame established by regulation
or convention in the market place (regular way trade) are
recognized on trade date. While, loans and borrowings
and payables are recognized net of directly attributable
transaction costs.
For the purpose of subsequent measurement, financial
instruments of the Company are classified in the
following categories: non derivative financial assets
comprising amortized cost, debt instruments at fair
value through other comprehensive income (FVTOCI),
equity instruments at FVTOCI or fair value through profit
and loss account (FVTPL) and non derivative financial
liabilities at amortized cost or FVTPL.
The classification of financial instruments depends
on the objective of the business model for which it is
held. Management determines the classification of its
financial instruments at initial recognition.
a) Non-derivative financial assets(i) Financial assets at amortized cost
A financial asset is measured at amortized
cost if both of the following conditions are
met:
(a) the financial asset is held within a
business model whose objective is to
hold financial assets in order to collect
contractual cash flows and
(b) the contractual terms of the financial
asset give rise on specified dates to
cash flows that are solely payments
of principal and interest (SPPI) on the
principal amount outstanding.
They are presented as current assets,
except for those maturing later than 12
months after the reporting date which
are presented as non-current assets.
Financial assets are measured initially
at fair value plus transaction costs and
subsequently carried at amortized cost
using the effective interest method, less
any impairment loss.
Amortized cost are represented by trade
receivables, security deposits, cash and
cash equivalents, employee and other
advances and eligible current and non¬
current assets.
(ii) Debt instruments at FVTOCI
A debt instrument is measured at fair value
through other comprehensive income if both
of the following conditions are met:
(a) the objective of the business model is
achieved by both collecting contractual
cash flows and selling financial assets
and
(b) the asset's contractual cash flow
represent SPPI
Debt instruments included within FVTOCI
category are measured initially as well as
at each reporting period at fair value plus
transaction costs. Fair value movements
are recognized in other comprehensive
income (OCI). However, the Company
recognizes interest income, impairment
losses & reversals and foreign exchange
gain/(loss) in Standalone Statement of
Profit and Loss. On derecognition of the
asset, cumulative gain or loss previously
recognized in OCI is reclassified from
equity to profit and loss. Interest earned
is recognized under the effective interest
rate (EIR) model.
(iii) Equity instruments at FVTOCI
AH equity instruments are measured at
fair value. Equity instruments held for
trading is classified as FVTPL. For all
other equity instruments, the Company
may make an irrevocable election to
present subsequent changes in the fair
value in OCI. The Company makes such
election on an instrument-by-instrument
basis.
If the Company decides to classify an
equity instrument as at FVTOCI, then
all fair value changes on the instrument,
excluding dividend are recognized in OCI
which is not subsequently recycled to
statement of profit and loss.
(iv) Financial assets at FVTPL
FVTPL is a residual category for financial
assets. Any financial asset which does not
meet the criteria for categorization as at
amortized cost or as FVTOCI, is classified
as FVTPL.
In addition the Company may elect to
designate the financial asset, which
otherwise meets amortized cost or
FVTOCI criteria, as FVTPL if doing so
eliminates or significantly reduces
a measurement or recognition
inconsistency. The Company has not
designated any financial asset as FVTPL.
Financial assets included within the
FVTPL category are measured at fair
values with all changes in the Standalone
Statement of Profit and Loss.
b) Non-derivative financial liabilities(i) Financial liabilities at amortized cost
Financial liabilities at amortized cost
represented by borrowings, trade and
other payables are initially recognized
at fair value, and subsequently carried
at amortized cost using the effective
interest rate method.
(ii) Financial liabilities at FVTPL
Financial liabilities at FVTPL represented
by contingent consideration are measured
at fair value with all changes recognized
in the statement of profit and loss.
c) Investment in subsidiaries
I nvestment in subsidiaries are carried at cost
plus additional fair value of share options
granted to employees of subsidiaries net of
impairment, if any.
Note 2(16) -Contributed equity
Equity shares are classified as equity share capital.
I ncremental costs directly attributable to the issue of
new shares are shown in other equity under securities
premium as a deduction, net of tax, from the proceeds.
Note 2(17) - Earnings per share
Basic earnings per share (EPS) are calculated by dividing
the net profit / (loss) after tax for the year attributable
to equity shareholders by the weighted average number
of equity shares outstanding during the year. Diluted
earnings per share is computed by adjusting the number
of shares used for basic EPS with the weighted average
number of shares that could have been issued on the
conversion of all dilutive potential equity shares. Dilutive
potential equity shares are deemed converted as of the
beginning of the year, unless they have been issued at a
later date. The diluted potential equity shares have been
adjusted for the proceeds receivable had the shares
been actually issued at fair value i.e. average market
value of outstanding shares.
The number of shares and potentially dilutive shares
are adjusted for share splits and bonus shares, as
appropriate. In calculating diluted earnings per share,
the effects of anti dilutive potential equity shares
are ignored. Potential equity shares are anti-dilutive
when their conversion to equity shares would increase
earnings per share or decrease loss per share.
Notes :(i) K2V2 Technologies Private Limited (K2V2)
The Company invested ' 1,800 lakhs in FY 2021-22 for a 44.44% equity stake in K2V2. During the FY 2024-25, the
Company acquired an additional 37.50% of K2V2's equity shares for a consideration of ' 112 lakhs, increasing its
total holding to 81.94%. During the the year, the Company acquired an additional 8.20% of K2V2's equity shares for
a consideration of ' 634 lakhs, increasing its total holding to 90.14%.
(ii) Liv Real Solutions Private Limited (LIV)
Under its ESOP plan, the Company granted stock options to LIV employees. The cost associated with these options,
amounting to ' 4 lakhs for FY 2025-26 (previous year ' 9 lakhs) has been recorded by the Company as an Investment
in LIV.
(iii) Integrow Asset Management Private Limited (Integrow)
The Company was holding 49.13% of the equity share capital of Integrow Asset Management Private Limited
(Integrow), and by virtue of its right to exercise majority control in the Board of Integrow, consolidates its financial
results as a subsidiary in accordance with IND AS 110. However considering a prospective restructuring of the equity
of Integrow, the Company w.e.f. July 1, 2025 has kept the right to exercise majority control in the Board of Integrow
in abeyance until March 31, 2027. Accordingly in the consolidated financial statements of the Company, Integrow
has been treated as a ‘subsidiary' for the quarter ended June 30, 2025 and as an ‘investment in associate' from
July 1, 2025.
As approved by the Board of Directors of the Company in its meeting held on October 16, 2025, the Company during
the year ended March 31, 2026, has sold 0.97% of its holding in Integrow, for a consideration of ' 65.62 lakhs and
made a profit of ' 41.72 lakhs, which has been shown under Other Income. The Company as on March 31, 2026 holds
48.16% of the equity share capital of Integrow.
(iv) Helloworld Technologies India Private Limited (HWTL)
I n FY 2022-23, the Company acquired 100% of the equity shares of HWTL for a consideration of ' 3,811 lakhs.
Subsequently, in FY 2023-24, loans and accrued interest on outstanding loans provided by the Company to HWTL,
totaling ' 1,733 lakhs, were converted into equity investments.
Under its ESOP plan, the Company granted stock options to HWTL employees. The cost associated with these
options, amounting to ' 2 lakhs for FY 2025-26 has been recorded by the Company as an Investment in HWTL.
(v) Aurum Analytica Private Limited (Analytica)
In FY 2022-23, the Company acquired 100% of the equity shares of Analytica for a consideration of ' 1,850 lakhs.
During the FY 2024-25, the Company made a further investment of ' 17 lakhs in the equity shares of Analytica.
Under its ESOP plan, the Company granted stock options to Analytica employees. The cost associated with these
options, amounting to ' 0 lakhs for FY 2025-26 has been recorded by the Company as an Investment in Analytica.
(vi) Monk Tech Ventures Private Limited (MTVL)
In FY 2023-24, the Company invested ' 5 lakhs for a 51% equity stake in MTVL.
Under its ESOP plan, the Company granted stock options to Monk Tech Ventures employees. The cost associated
with these options, amounting to ' 1 lakhs for FY 2025-26 has been recorded by the Company as an Investment in
MTVL.
(vii) NestAway Technologies Private Limited (NTPL)
In FY 2023-24, the Company acquired 93.64% of the equity shares of NTPL for a consideration of ' 7,791 lakhs.
During the FY 2024-25, the Company made a further investment of ' 892 lakhs in the equity shares of NTPL,
increasing its holding to 98.72%.
Under its ESOP plan, the Company granted stock options to NTPL employees. The cost associated with these
options, amounting to ' 1 lakhs for FY 2025-26 has been recorded by the Company as an Investment in NTPL.
(viii) Bonds Brain Technologies Private Limited (Bonds Brain)
In FY 2024-25, the Company invested ' 1 lakh for a 100% equity stake in Bonds Brain. During the year, the Company
has invested ' 2,200 lakhs in 1.50% Unsecured compulsory convertible debentures of Bonds Brain.
Under its ESOP plan, the Company granted stock options to Bonds Brain employees. The cost associated with these
options, amounting to ' 6 lakhs for FY 2025-26 has been recorded by the Company as an Investment in Bonds Brain.
(ix) Nestaway Proptech Mena Real Estate L.L.C.
The Company in FY 2023-24 has incorporated a subsidiary in Dubai, UAE namely Nestaway PropTech MENA
Real Estate LLC (formerly known as Aurum PropTech MENA LLC). The Company during the quarter ended
September 30, 2025 invested ' 313.92 lakhs as equity capital and the subsidiary started its business operations.
During the quarter ended March 31, 2026, the Company has further invested ' 232.46 lakhs as equity capital in the
subsidiary.
(x) Proptiger Marketing Services Private Limited
During the year, the Company acquired 100% of the equity shares of PropTiger Marketing Services Private Limited
for a consideration of ' 8,645 lakhs through an all stock equity swap by issuance of 42,42,537 fully paid-up equity
shares (face value ' 5/-) of the Company on a preferential basis.
(xi) Merger of Aurum Software and Solutions Private Limited with Liv Real Solutions Private Limited
On March 06, 2026, two wholly owned Subsidiaries of the Company viz Aurum Softwares and Solutions Private
Limited (ASSL) and Liv Real Solutions Private Limited (LIV) have filed a scheme of Arrangement with Regional
Director II, Western Region (Mumbai), Ministry of Corporate Affairs, having Appointed date of April 01, 2025, wherein
ASSL will be merged into LIV. The confirmation order of scheme of merger between the two subsidiaries has been
received from Regional Director II, Western Region (Mumbai), Ministry of Corporate Affairs, on May 15, 2026,
with the Scheme becoming effective on June 12, 2026. The effect of the order is given in the individual financial
statements of ASSL and LIV.
Accordingly, the standalone financial results for the year ended March 31,2026, originally approved by the Board of
Directors and filed with the stock exchange on April 23, 2026, have been updated to give effect to the Scheme and
also the previous year's figures have been restated as per Ind AS 103- Business Combinations. There is no financial
impact on the results and balances on the standalone financial statements of the Company for the year ended
March 31, 2026 and comparative periods on account of this.
Equity Shares: The Company has only one class of equity shares having par value of ' 5 per share. The holder
of the equity share is entitled to dividend right and voting right in the same proportion as the capital paid-up on
such equity share bears to the total paid-up equity share capital of the Company. The Company declares and
pays dividend in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing 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 in the same proportion as the
capital paid-up on the equity shares held by them bears to the total paid-up equity share capital of the Company.
The Company had issued 4,29,44,533 equity shares of face value of ' 5/- each on right basis (‘Rights Equity
Shares'). In accordance with the terms of issue, ' 20/- (including a premium of ' 18.75 per share) i.e. 25% of the
Issue Price per Rights Equity Share, was received from the concerned allottees on application and shares were
allotted. The Company has made First call of ' 30/- per Rights Equity Share (including a premium of ' 28.13 per
share) in March 2024. As on March 31, 2025, an aggregate amount of ' 764 lakhs (including premium amount of
' 716 lakhs) is unpaid. The trading of 4,03,99,270 partly paid shares were effective from May 7, 2024.
The Company has made Second and Final call of ' 30/- per Rights Equity Share (including a premium of ' 28.12 per
share) in March 2025 alongwith a reminder for the first call unpaid.
During the year ended March 31, 2026, the Company received ' 12,771.54 lakhs (including premium of ' 11,971.19
lakhs) on account of 4,25,71,789 shares against the Second and Final call money. The Company also received
' 677.68 lakhs (including premium of ' 635.44 lakhs) on account of 22,58,944 shares against the First call money.
These 4,25,71,789 shares are now fully and available for trading on the BSE and NSE stock exchanges. The balance
3,72,744 shares which are not fully paid due to unpaid call money are not available for trading. The calls that
remained unpaid (i) both the first and second call - ' 171.79 lakhs (including premium of ' 161.05 lakhs) for 2,86,319
shares at ' 60/- per share (ii) only the second call - ' 25.93 lakhs (including premium of ' 24.31 lakhs) for 86,425
shares at ' 30/- per share.
The Company has further received ' 13.85 lakhs from the Rights issue, corporate action for allotment of shares
against this is under process.
The Company has also received ' 56.87 lakhs as interest for late payment of call money, which has been considered
as Other income in the Profit and Loss statement for the year ended March 31, 2026.
The Company on September 25, 2025, approved the allotment of 42,42,537 fully-paid equity shares of the Company
having a face value of ' 5/- each at an issue price of ' 203.77 per equity share (including a premium of ' 198.77)
on a preferential basis to REA India Pte Limited, Singapore, in order to acquire100% stake in PropTiger Marketing
Services Private Limited, Bangalore, India, with the cost of acqusition at ' 8,645 lakhs.
The preferential issue of equity shares are in accordance with the Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulation, 2018 read with Companies Act 2013 and rules made thereunder.
These shares are subject to such lock-in restriction as prescribed under Chapter V of SEBI (ICDR) Regulation.
These equity shares rank pari-passu with the existing fully paid equity shares of the Company in all respects.
x) The major categories of plan assets are as follows:
The plan asset for the funded gratuity plan is administered by Life Insurance Corporation of India (‘LIC') as
per the investment pattern stipulated for Pension and Group Schemes fund by Insurance Regulatory and
Development Authority regulations i.e. 100% of plan assets are invested in insurer managed fund. Quoted price
of the same is not available in active market.
xi) Risk exposure
Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which
are detailed below:
Investment risk
The present value of the defined benefit plan liability is calculated using a discount rate determined by
reference to market yields at the end of the reporting period on government bond; if the return on plan asset
is below this rate, it will create a plan deficit. Currently the plan has a relatively balanced investment in equity
securities and debt instruments.
Interest risk
A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by an
increase in the return on the plan's debt investments.
Longevity risk
The present value of the defined benefit plan liability is calculated by reference to the best estimate of the
mortality of plan participants both during and after their employment. An increase in the life expectancy of the
plan participants will increase the plan's liability.
Salary risk
The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan
participants. As such, an increase in the salary of the plan participants will increase the plan's liability.
Note 15.b - Share based payments
(a) Scheme details
The Company has Employee Stock Option scheme i.e. ESOP 2021, under which options have been granted on the
basis of performance and other eligibility criterias at the exercise price of ' 5 to ' 80 per share to be vested from
time to time.
The following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in,
share options during the year:
Note 19 - Discontinued operations
The Board of Directors of the Company, at its meeting held on March 12, 2026, approved the sale of Buildings owned
by the Company at Navi Mumbai, for a consideration of approximately ' 11,200 lakhs. The Company is in the process of
obtaining clearances from statutory authorities to close the sale transaction, which is expected to be closed by June
30, 2026. The Company has transferred the possession of a floor in the buildings to the buyer during the quarter ended
March 31, 2026, and consequently recognized a gain of ' 1,772 lakhs attributable to the floor in the buildings as Other
Income from Discontinued operations. The balance transaction will be recognized once clearances from statutory
authorities are received and sale transaction is concluded.
The Buildings derive Rental income, and the financial performance from its operations is shown under the Rental segment.
As required by IND AS 105, Non-current Assets Held for Sale and Discontinued Operations, the financial performance
of the Buildings and the assets/liabilities have been shown separately in these financial statements, for the year ended
March 31, 2026 and March 31, 2025.
a. Secured Term Loan under Lease Rental Discounting (LRD) from Axis Bank
The Company has taken loan from Axis Bank amounting ' 4,263 lakhs in 2023-24
Interest rate:
Repo rate 2.50% p.a
Security details:
Hypothecation of entire current assets and lease rentals, both present and future on exclusive basis and
collateral of commercial property located at plot no P-136 and P-136 1, MIDC TTC Industrial Area, Thane
Belapur Road, Navi Mumbai, Thane, Maharshtra owned by the Company.
b. Secured Term Loan under Lease Rental Discounting (LRD) from Axis Bank
The Company has taken loan from Axis Bank amounting ' 2,192 lakhs in 2024-25
Interest rate:
Repo rate 2.50% p.a
Security details:
Hypothecation of entire current assets and lease rentals, both present and future on exclusive basis and
collateral of commercial property located at plot no P-136 and P-136 1, MIDC TTC Industrial Area, Thane
Belapur Road, Navi Mumbai, Thane, Maharshtra owned by the Company.
Note 20 - Earnings per share
Basic earnings per share amounts are calculated by dividing the profit/(loss) for the year attributable to equity holders
by the weighted average number of equity shares outstanding during the year.
Diluted earnings per share amounts are calculated by dividing the profit/(loss) attributable to equity holders after
adjusting by the weighted average number of equity shares outstanding during the year plus the weighted average
number of equity shares that would be issued on outstanding stock options.
(E) Terms and conditions of transactions with related parties
Outstanding balances at the year-end are unsecured and interest free except loans. There have been no guarantees
provided or received for any related party receivables or payables. For the year ended March 31, 2026 and March 31,
2025, the Company has not recorded any impairment of receivables relating to amounts owed by related parties.
This assessment is undertaken each financial year through examining the financial position of the related party and
the market in which the related party operates.
Note 22 - Commitments and contingencies
The Company does not have any commitments and contingencies
Note 23 - Segment reporting
As per Ind AS 108- “Operating Segment”, segment information has been provided under the Notes to Consolidated
Financial Statements
Note 24.b - Fair value hierarchy
This section explains the judgments and estimates made in determining the fair values of the financial instruments that
are measured at amortized cost and for which fair values are disclosed in the financial statement.
Level 1 - Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e. as prices) or indirectly (i.e. derived from prices).
Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).
The following table presents fair value hierarchy of assets and liabilities measured at fair value on a recurring basis:
The fair value of current investments, cash and cash equivalents, trade receivables, bank balances other than cash and
cash equivalents, current loans, other financial assets, current borrowings, lease liabilities, trade payables and other
financial liabilities approximates their fair market value due to the relatively short period of time of original maturity
tenure of these instruments.
The fair values for security deposits, investment in debentures, lease liabilities and borrowings are calculated based on
cash flows discounted using a current lending rate, however the change in current rate does not have any significant
impact on fair values as at the current period end.
Note 24.c - Financial risk management objectives and policies
The Company is exposed to various financial risks. These risks are categorized into market risk, credit risk and liquidity
risk. The Company's risk management is coordinated by the Board of Directors and focuses on securing long term and
short term cash flows. The Company does not engage in trading of financial assets for speculative purposes.
(A) Market risk
Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market prices. Such changes in the values of financial instruments may result from changes in the
foreign currency exchange rates, interest rates and other market changes.
Foreign currency risk
Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in foreign exchange rates. The Company's exposure to the risk of changes in foreign exchange
rates relates primarily to the Company's operating activities (when revenue or expense is denominated in a different
currency from the Company's functional currency).
Foreign currency sensitivity
The Company is not exposed to Foreign currency sensitivity.
(B) Credit risk
Credit risk is the risk of financial loss arising from counterparty failure to repay or service debt according to
the contractual terms or obligations. Credit risk encompasses of both, the direct risk of default and the risk of
deterioration of creditworthiness as well as concentration of risks. Credit risk is controlled by analysing credit limits
and credit worthiness of customers on a continuous basis to whom the credit has been granted after obtaining
necessary approvals for credit.
Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash
equivalents, time deposits and investment in mutual fund. The Company maintains its cash and cash equivalents,
time deposits and investment in mutual fund, with banks and mutual fund houses having good reputation, good
past track record, and who meet the minimum threshold requirements under the counterparty risk assessment
process, and reviews their credit-worthiness on a periodic basis.
(C) Liquidity risk
Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity
risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements.
The Company consistently generated sufficient cash flows from operations to meet its financial obligations as and
when they fall due.
The Company's current assets aggregate to ' 23,384 lakhs (March 31, 2025 - ' 13,104 lakhs) including current
investments, Loans, cash and cash equivalents and bank balances against aggregate current liability of ' 1,154
lakhs (March 31, 2025 - ' 1,273 lakhs) and non current liabilities ' 707 lakhs (March 31, 2025 - ' 1,611 lakhs) including
borrowings on the reporting date. While the Company's total equity stands at ' 60,318 lakhs (March 31, 2025 -
' 36,248 lakhs). Hence liquidity risk or risk that the Company may not be able to settle or meet its obligations as
they become due does not exist.
Note 24.d - Capital management
For the purpose of the Company's capital management, capital includes issued equity capital and all other equity
reserves attributable to the equity holders. The primary objective of the Company's capital management is to maximize
the shareholder value and to ensure the Company's ability to continue as a going concern.
The Company monitors gearing ratio i.e. total debt in proportion to its overall financing structure, i.e. equity and debt. The
Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and
the risk characteristics of the underlying assets.
Note 25 - Corporate social responsibility expenditure
As per Section 135 of the Companies Act, 2013 (“the Act”), a company, meeting the applicability threshold, needs to
spend at least 2% of its average net profit for the immediately preceding three financial years on Corporate Social
Responsibility (CSR) activities. A CSR committee has been formed by the Company as per the Act. The funds were
primarily allocated to a corpus and utilised through the year on these activities which are specified in Schedule VII of
the Companies Act, 2013.
Note 27 - Additional regulatory information
i) Details of Benami property Held
No proceedings have been initiated on or are pending against the Company for holding benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.
(ii) Wilful defaulter
The Company has never been declared as wilful defaulter by any bank or financial institution or government or any
government authority
(iii) Relationship with struck off companies
The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act,
1956.
(iv) Registration of charges or satisfaction with registrar of companies
The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory
period.
(v) Compliance with number of layers of companies
The Company has complied with the number of layers prescribed under the Companies Act, 2013.
(vi) Compliance with approved scheme(s) of arrangements
The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year.
(vii) Utilization of borrowed funds and share premium:
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.
The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the Company shall:
(a) 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
(b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.
(viii) Undisclosed income
There is no income surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961, that has not been recorded in the books of account.
(ix) Details of crypto currency or virtual currency
The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.
(x) Title deed of immovable properties
The Company does not hold any immovable property whose lease deed is not in the name of Company.
(xi) Valuation of property, plant and equipment and intangible asset
The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets
or both during the current or previous year.
(xii) The borrowings obtained by the Company from banks and financial institutions have been applied for the purposes
for which such loans were was taken.
(xiii) Registration of charges or satisfaction with Registrar of Companies
There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the
statutory period.
Note 28 - The Code on social security, 2020
On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations
Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code,
2020, (Labour Codes') which consolidate twenty-nine existing labour laws into a unified framework governing employee
benefits during employment and post-employment. The Labour Codes, amongst other things introduces changes,
including a uniform definition of wages. The Company has assessed that there is no material financial implication of
these changes to the Company.
Note 29 - Events after the reporting period
No significant subsequent events have been observed which may require an adjustments to the financial statements.
Note 30 - There are no recent accounting pronouncements having significant impact on the financial statements of the
Company.
Note 31 - Previous year figures have been regrouped/reclassified to confirm presentation as per Ind AS as required by
Schedule III of the act.
Note 32 - '0' denotes amount less than ' 0.5 lakhs.
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