n. Provisions, Contingent liabilities and Contingent
assets [refer note 19 and 33]
A provision is recognized when an enterprise has a
present obligation (legal or constructive) as a result of
past event; 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. Provisions are
determined by discounting the expected future cash
flows at a pre-tax rate that reflects current market
assessments of the time value of money and the risks
specific to the liability. These are reviewed at each
balance sheet date and adjusted to reflect the current
best estimates.
A contingent liability is a possible obligation that
arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of one
or more uncertain future events beyond the control
of the Company or a present obligation that is not
recognized because it is not probable that an outflow
of resources will be required to settle the obligation. A
contingent liability also arises in extremely rare cases
where there is a liability that cannot be recognized
because it cannot be measured reliably. The Company
does not recognize a contingent liability but discloses
its existence in the financial statements.
Contingent assets are neither recognized nor
disclosed in the Financial Statements.
o. Earnings per share [refer note 31]
Basic earnings per share is computed by dividing
the net profit after tax attributable to the equity
shareholders for the year by the weighted average
number of equity shares outstanding for the year.
Diluted earnings per share reflect the potential dilution
that could occur if securities or other contracts to
issue equity shares were exercised or converted during
the year. Diluted earnings per share is computed by
dividing the net profit after tax attributable to the
equity shareholders for the year by weighted average
number of equity shares considered for deriving basic
earnings per share and weighted average number
of equity shares that could have been issued upon
conversion of all potential equity shares.
p. Employee stock option scheme (ESOP) [refer note 38]
Equity-settled share-based payment to employee and
others providing similar services that are granted by the
ultimate parent Company are measured by reference
to the fair value of the equity instruments at the grant
date. The fair value determined at the grant date of the
equity-settled share-based payment is expensed over
the vesting period, based on the Company's estimate
of equity instruments that will eventually vest, with a
corresponding increase in equity.
At the end of each reporting period, the Company
revises its estimate of the number of equity
instruments expected to vest. The impact of the
revision of the original estimates, if any, is recognised
in profit or loss such that the cumulative expense
reflects the revised estimate, with a corresponding
adjustment to the 'Share Option Outstanding Account'
under other Equity. In cases where the share options
granted vest in instalments over the vesting period,
the Company treats each instalments as a separate
grant, because each instalment has a vesting period,
and hence the fair value of each instalment differs. In
situation where the stock option expires unexercised,
the related balance standing to the credit of the
Employee Share Options Outstanding Account is
transferred within equity.
q. Exceptional items [refer note 29]
Certain occasions, the size, type or incidence of an
item of income or expense, pertaining to the ordinary
activities of the Company is such that its separate
disclosure improves the understanding of the
performance of the Company is such that its separate
disclosure improves the understanding of the
performance of the Company, such income or expense
is classified as an exceptional item and accordingly,
disclosed separately in the notes accompanying to
the standalone financial statements.
r. Statement of cash flows
Cash flows are reported using the indirect method,
whereby profit or loss before tax is adjusted for the
effects of transactions of non-cash nature and any
deferrals or accruals of past or future cash receipts
or payments. The cash flows from operating,
investing and financing activities of the Company are
segregated based on the available information.
Cash and cash equivalents (including bank balances)
shown in the Statement of cash flows exclude items
which are not available for general use as at the date
of balance sheet.
s. Segment reporting [refer note 42]
Identification of segments
Operating Segments are identified based on
monitoring of operating results by the Chief Operating
Decision-Maker (CODM) separately for the purpose
of making decision about resource allocation and
performance assessment. Segment performance is
evaluated based on profit or loss, and is measured
consistently with profit or loss of the Company.
Operating Segment is identified based on the nature of
products and services, the different risks and returns,
and the internal business reporting system.
Segment policies
The Company prepares its segment information in
conformity with the accounting policies adopted for
preparing and presenting the financial statements of
the Company as a whole.
Common allocable costs are allocated to each
segment according to the relative contribution of each
segment to the total common costs.
Unallocated Corporate Items include general corporate
income and expenses, which are not attributable to
segments.
t. Recent accounting pronouncements
The Ministry of Corporate Affairs ('MCA') notifies new
standards or amendments to the existing standards
under the Companies (Indian Accounting Standards)
Rules, 2015 as amended from time to time. For the
year ended March 31, 2026, the MCA has notified
amendments to (Ind AS 1, Presentation of Financial
Statements) and (Ind AS 7, Statement of Cash Flows
and Ind AS 107, Financial Instruments: Disclosures)
amendments relating to Classification of liabilities
as current or non-current and non-current liabilities
with Covenants and Disclosure of supplier finance
arrangements , applicable to the Company, w.e.f.,
April 1, 2025. The Company has reviewed the new
pronouncements and based on its evaluation, has
determined that the new pronouncement is not
applicable to the Company.
The Company has issued only one class of equity shares having a par value of H1 per share. Each holder of equity shares is
entitled to one vote per share. Any dividend proposed by the Board of Directors is subject to the approval of the shareholders in
the ensuing annual general meeting. The Company has not declared/ proposed any dividend in the current year.
In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company,
after distribution of all preferential amounts if any. However, no such preferential amounts exists currently. The distribution will be
in proportion to the number of equity shares held by the shareholders.
Capital reserve
Capital reserve is created due to gift of 5,25,000 equity shares of Rap Corp Ltd ( Formally known as Rap Media Limited)
Securities premium
Securities premium reserve is used to record the premium on issue of shares. The reserve can be utilised in accordance with the
provisions of the Companies Act, 2013.
ESOP Trust reserve
The Centrum ESPS Trust is extension of Company's financial statements. ESOP Trust reserve is retained earnings or accumulated
surplus represents total of all profits retained since Trust's inception. Retained earnings are credited with current year profits or
reduced by losses
Treasury shares
The Centrum ESPS Trust is extension of Company's financial statements. The Centrum ESPS trust are holding 1,23,21,734
number of equity shares ( Previous year 1,29,22,234) amounting to H 1,485.47 lakhs ( Previous year H 1,560.54 lakhs)
Share options outstanding account
The Employee stock options outstanding represents amount of reserve created by recognition of compensation cost at grant date
fair value on stock options vested but not exercised by employees and unvested stock options in the Statement of profit and loss
in respect of equity-settled share options granted to the eligible employees of the Company and its subsidiaries in pursuance of
the Employee Stock Option Plan.
General reserve
General reserve is a free reserve available for distribution subject to compliance with the Companies (Declaration and Payment of
Dividend) Rules, 2014.
Equity instruments through Other Comprehensive Income
The Company has elected to recognise changes in the fair value of certain investments in equity securities in other comprehensive
income. These changes are accumulated within the FVOCI equity investments reserve within equity. The Company transfers
amounts from this reserve to retained earnings then the relevant equity securities are derecognised.
Retained earnings
Retained earnings or accumulated surplus represents total of all profits retained since Company's inception. Retained earnings
are credited with current year profits, reduced by losses, if any, dividend payouts, transfers to General reserve or any such other
appropriations to specific reserves.
Other Comprehensive Income (OCI)
This represents equity instruments carried at fair value through OCI and remeasurement of employee benefits (gratuity and post
retirement benefits).
Note 20 : PAYABLES (Contd..)
No interest has been paid/ is payable by the company during the year to 'Suppliers' registered under Micro,Small and Medium Enterprises
Development Act, 2006. The aforementioned is based on the responses received by the company to its inquiries with suppliers with
regard to applicabilities under the said Act.
Trade Payables includes Nil (Previous Year Nil) payable to "Suppliers” registered under the Micro, Small and Medium Enterprises
Development Act, 2006. Interest paid by the Company during the year to " Suppliers” registered under this Act is Nil (Previous Year
Nil). The aforementioned is based on the responses received by the Company to its inquiries with suppliers with regard to applicability
under the said Act.
notes:
* H179.00 lakhs represents profit on Slumpsale of Merchant Banking Division, the Company has transferred its Merchant Banking Division
on a going concern basis by way of a slump sale for a lump sum consideration of H179.00 Lakhs as per BTA agreement dated February 05,
2026 executed between Centrum Capital Limited and Centrum Broking Limited. The transfer includes all assets and liabilities pertaining to the
Merchant Banking Division and represents a strategic decision by the management to realign its business operations.
**H22.93 lakhs represents statutory impact of new labour codes. On November 21, 2025, the Government of India notified the four Labour
Codes - 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 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central
Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the
incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute
of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has
presented such incremental impact as 'Statutory impact of new Labour Codes' under Exceptional items.The Government has notified the rules
in this regard and the company would review or provide appropriate accounting effect, wherever applicable.
Note 31: EARNING PER SHARE (EPS)
Basic EPS is calculated by dividing the net profit/(loss) after tax for the year attributable to equity shareholders of Company by the
weighted average number of equity shares outstanding during the year.
Diluted EPS is calculated by dividing the net profit/(loss) after tax attributable to equity shareholders of Company (after adjusting for
interest on the convertible preference shares and interest on the convertible bond, in each case, net of tax) 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 the
conversion of all the dilutive potential ordinary shares into ordinary shares.
Note 32: EMPLOYEE BENEFITS PLANS
32.1 Defined contribution plans
A defined contribution plan is a pension plan under which the Company pays fixed contributions; there is no legal or constructive
obligation to pay further contributions. The assets of the plan are held separately from those of the Company in a fund under the control
of trustees. The Company makes Provident Fund contributions which are defined contribution plans for qualifying employees. Under
the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits.
The Company has recognised the following amounts in the statement of profit and loss towards contribution to defined
contribution plans which are included under contribution to provident and other funds. The contributions payable to these plans
by the Company are at rates specified in the rules of the Schemes:
32.2 Defined benefit plans
The Company has a defined benefit gratuity plan in India (funded). The Company's defined benefit gratuity plan is a final salary
plan for India employees, which requires contributions to be made to a separately administered fund. The gratuity plan is governed
by the Payment of Gratuity Act, 1972. Under the act, employee who has completed five years of service is entitled to specific
benefit. The level of benefits provided depends on the member's length of service and last drawn salary.
These benefit plans expose the Company to actuarial risks, such as longevity risk, interest rate risk and investment risk.
The following tables summarise the components of net benefit expense recognised in the statement of profit or loss and the
funded status and amounts recognised in the balance sheet for the gratuity plan:
Note 34 : CAPITAL MANAGEMENT
The Company's objectives when managing capital are to safeguard their ability to continue as a going concern, so that they can
continue to provide returns for shareholders and benefits for other stakeholders, and maintain an optimal capital structure to reduce
the cost of capital.
Capital Management
The primary objectives of the Company's capital management policy are to ensure that the Company complies with externally imposed
capital requirements and maintains strong credit ratings and healthy capital ratios in order to support its business and to maximise
shareholder value.
The Company manages its capital structure and makes adjustments to it in light of changes in economic conditions and requirements
of the financial covenants. In order to maintain or adjust the capital structure, the Company may adjust the amount of dividend payment
to shareholders, return capital to shareholders or issue capital securities or sell assets to reduce debts. No changes have been made to
the objectives, policies and processes from the previous years. However, they are under constant review by the Board.
In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return
capital to shareholders, issue new shares or sell assets to reduce debt. The Company determines the capital requirement based on
annual operating plans and long-term and other strategic investment plans. The funding requirements are met through loans and
operating cash flows generated.
Note 36: LEASES
The company as a leases recognised Right of Use Asset and Lease Liability at the commencement date. The Right of Use Asset is
measured by applying cost model i.e. Right of Use Asset at cost less accumulated depreciation. Payments associated with short-term
leases are recognised on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12
months or less.
The hierarchies used are as follows:
Level 1: The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting
period. The quoted market price used for financial assets held by the Company is the current bid price. These instruments are
included in level 1.
Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant
inputs required to fair value an instrument are observable, the instrument is included in level 2.
Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.
Notes:
For financial assets and financial liabilities that have a short-term maturity (less than twelve months), the carrying amounts, which
are net of impairment, are a reasonable approximation of their fair value. Such instruments include: cash and cash equivalents,
bank deposits, Trade receivables, debts and borrowings. Such amounts have been classified as Level 2 on the basis that no
adjustments have been made to the balances in the balance sheet.
There are no transfers between levels 1 and 2 during the year.
There are no transfers into or out of Level 3.
Note 37 : FAIR VALUE MEASUREMENT (Contd..)
37.4 Valuation technique used to determine fair value
Specific valuation techniques used to value financial instruments include:
• the use of quoted market prices or dealer quotes for similar instruments and
• for other financial instruments - discounted cash flow analysis.
Specific valuation techniques used to value financial instruments include:
All of the resulting fair value estimates are included in level 2 except for unlisted equity securities, a contingent consideration
receivable and certain derivative contracts, where the fair values have been determined based on present values and the discount
rates used were adjusted for counterparty or own credit risk.
37.5 Valuation processes
The finance department of the company includes a team that performs the valuations of non-property items required for financial
reporting purposes, including level 3 fair values. This team reports directly to the Chief Financial Officer (CFO). Discussions of
valuation processes and results are held between the CFO and the valuation team at least once every six months, in line with the
company's half-yearly reporting periods.
The main level 3 inputs used by the Company are derived and evaluated as follows:
• Discount rates for financial assets and financial liabilities are determined using a capital asset pricing model to calculate a
pre-tax rate that reflects current market assessments of the time value of money and the risk specific to the asset.
• Risk adjustments specific to the counterparties (including assumptions about credit default rates) are derived from credit
risk gradings determined by company's internal credit risk management group.
• Earnings growth factor for unlisted equity securities are estimated based on market information for similar types of
companies.
• Contingent consideration - expected cash inflows are estimated based on the terms of the sale contract and the entity's
knowledge of the business and how the current economic environment is likely to impact it.
Changes in level 2 and 3 fair values are analysed at the end of each reporting period during the half-yearly valuation discussion
between the CFO, Audit Committee and the valuation team. As part of this discussion the team presents a report that explains the
reason for the fair value movements.
Note 38: EMPLOYEE STOCK OPTION PLAN
The Company provides share-based payment to its employees. The Company has CCL Employee Stock Option Scheme 2017 scheme.
CCL Employee Stock Option Scheme 2017
The Scheme was approved by the Shareholders on August 31,2017 for grant of stock options and all the granted options shall vest with
the participant on the last day of the of 1st year from the Grant date.
Note 40: FINANCIAL RISK MANAGEMENT
The Company's activities expose it to credit risk, liquidity risk and market risk. This note explains the sources of risk which the Company
is exposed to, how the Company manages the risk and the related accounting impact in the financial statements.
This note explains the sources of risk which the Company is exposed to and how the Company manages the risk and the impact of
hedge accounting in the financial statements.
The Company's Board of Directors have overall responsibility for the establishment and oversight of the Company's risk management
framework. The Board of Directors have established the Risk Management Committee, which is responsible for developing and
monitoring the Company's risk management policies. The committee reports regularly to the Board of Directors on its activities.
The Company's risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate
risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to
reflect changes in market conditions and the Company's activities.
The audit committee oversees how management monitors compliance with the Company's risk management policies and procedures,
and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The audit committee is
assisted in its oversight role by internal audit. Internal audit undertakes both regular and ad hoc reviews of risk management controls
and procedures, the results of which are reported to the audit committee.
a) Credit risk
Credit risk is the risk that the Company will incur a loss because its trade receivable fail to discharge their contractual obligations.
The Company has a comprehensive framework for monitoring credit quality of its Trade receivables based on days past due
monitoring at period end. Repayment by individual trade receivable is tracked regularly and required steps for recovery are taken
through follow ups and legal recourse.
Credit risk arises from loans and advances, cash and cash equivalents, and deposits with banks and financial institutions.
Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations, and arises principally from the Company's receivables from customers and investments in debt securities.
Credit risk management
The Company considers probability of default upon initial recognition of asset and whether there has been any significant increase
in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk,
company compares the risk of default occurring on the asset as at the reporting date with the risk of default as at the date of initial
recognition. It considers available reasonable and supportive forward-looking information.
Note 40: FINANCIAL RISK MANAGEMENT (Contd..)
Definition of Default
A default on a financial asset is when the counterparty fails to make contractual payments within 90 days of when they fall due.
This definition of default is determined by considering the business environment in which NBFC operates and other macro¬
economic factors.
For Trade receivables, definition of default has been considered at 360 days past due after looking at the historical trend of
receiving the payments.
ii) Provision for expected credit losses
The company provides for expected credit loss based on following:
Cash and cash equivalents
Cash and cash equivalents include balance of H 14,836.70 Lakhs at March 31,2026 (2025: H 789.62 Lakhs) is maintained as
cash in hand and balances with Bank and financial institution counterparties with good credit rating therefore have limited
exposure to credit risk.
Loans and advances
The general creditworthiness of a customer tends to be the most relevant indicator of credit quality of a loan extended to
it. The loans given by the Company are unsecured and are considered to have low credit risk based on credit evaluation
undertaken by the Company. There is no history of any defaults on these loans. Since few counter parties are related parties
and employees of the Company, the Company regularly monitors to ensure that these entities have enough liquidity which
safeguards the interest of the Company. The said loans at amortised cost are considered to have low credit risk, and the
loss allowance recognised during the period was therefore limited to 12 months expected losses, Management considers
instruments to be low credit risk when they have a low risk of default and the issuer has a strong capacity to meet its
contractual cash flows obligations in the near terms.
Trade Receivables
The Company has established a simplified impairment approach for qualifying Trade receivables. For these assets, Company
has recognized a loss allowance based on Lifetime ECLs rather than the two step process under the general approach.
Measurement of Expected Credit Losses
The Company has applied a three-stage approach to measure expected credit losses (ECL) on loans. Assets migrate through
following three stages based on the changes in credit quality since initial recognition:
(a) Stage 1: 12- months ECL: For exposures where there is no significant increase in credit risk since initial recognition and
that are not credit-impaired upon origination, the portion of the lifetime ECL associated with the probability of default
events occurring within the next 12- months is recognized.
(b) Stage 2: Lifetime ECL, not credit-impaired: For credit exposures where there has been a significant increase in credit
risk since initial recognition but are not credit-impaired, a lifetime ECL is recognized.
(c) Stage 3: Lifetime ECL, credit-impaired: Financial assets are assessed as credit impaired upon occurrence of one or
more events that have a detrimental impact on the estimated future cash flows of that asset. For financial assets that
Note 40: FINANCIAL RISK MANAGEMENT (Contd..)
have become credit-impaired, a lifetime ECL is recognized and interest revenue is calculated by applying the effective
interest rate to the amortised cost.
At each reporting date, Company assesses whether there has been a significant increase in credit risk of its financial assets
since initial recognition by comparing the risk of default occurring over the expected life of the asset. In determining whether
credit risk has increased significantly since initial recognition, Company uses information that is relevant and available
without undue cost or effort. This includes Company's internal credit rating grading system, external risk ratings and forward¬
looking information to assess deterioration in credit quality of a financial asset.
The Company assesses whether the credit risk on a financial asset has increased significantly on an individual and collective
basis. For the purpose of collective evaluation of impairment, financial assets are grouped on the basis of shared credit
risk characteristics, taking into account accounting instrument type, credit risk ratings, date of initial recognition, remaining
term to maturity, industry, geographical location of the borrower, collateral type, and other relevant factors. For the purpose
of individual evaluation of impairment factors such as internally collected data on customer payment record, utilization of
granted credit limits and information obtained during the periodic review of customer records such as audited financial
statements, budgets and projections are considered.
In determining whether the credit risk on a financial asset has increased significantly, the Company considers the change
in the risk of a default occurring since initial recognition. The default definition used for such assessment is consistent with
that used for internal credit risk management purposes.
Company measures the amount of ECL on a financial instrument in a way that reflects an unbiased and probability-weighted
amount. Company considers its historical loss experience and adjusts the same for current observable data. The key inputs
into the measurement of ECL are the probability of default, loss given default and exposure at default. These parameters are
derived from Company's internally developed statistical models and other historical data.
Probability of Default (PD)
Borrowers have been classified into two asset classes - Corporate and Retail. For Corporate borrowers, PD has been mapped
using the credible external rating study. For retail borrowers, due to insufficiency of historical data proxy of PD has been
mapped from other portfolio of same entity. In case entity does not have any other portfolio, then rating of Company (group
Company) has been used to compute PD.
Loss Given Default (LGD)
Historical recovery is usually considered to calculate Loss Given Default (LGD). For all stages, cases (DPD> 90) are considered
while arriving at historical LGD. Recovery period for all the cases are 6 months, the capping is based on assumption that
maximum recovery gets incurred within 6 months of default and after that recovery is negligible. For Company significant
data for computation of LGD was not available. Hence, Basel reference is used for LGD. Accordingly, we have used 65% as
LGD which corresponds against Senior Unsecured Claims.
Exposure at default (EAD)
Exposure at default is the total value an entity is exposed to when a loan defaults. It is the predicted amount of exposure that
an entity may be exposed to when a debtor defaults on a loan. The outstanding principal and outstanding arrears reported
as of the reporting date for computation of ECL is used as the EAD for all the portfolios.
Loans that are past due but not impaired
Loans that are 'past due but not impaired' are those for which contractual interest or principal payments are past due but
Company believes that impairment is not appropriate on the basis of the level of security or collateral available and/or the
stage of collection of amounts owed to Company.
As of 31st March 2026, Company does not have any exposure on loans and advances that were modified but not derecognised
during the year, for which the provision for doubtful debts was measured at a lifetime ECL at the beginning of the year and
at the end of the year had changed to 12- months ECL
Concentration of credit risk
The Company monitors concentrations of credit risk by sector and by segments. The major portfolio of Company is under
Investments. Company regularly track the performance of the investment portfolio as this has high concentration risk.
b) Liquidity risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities
that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to ensure, as
far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed
conditions, without incurring unacceptable losses or risking damage to the Company's reputation. Due to the dynamic nature of
the underlying businesses, Company's treasury maintains flexibility in funding by maintaining availability under committed credit
lines.
Note 40: FINANCIAL RISK MANAGEMENT (Contd..)
f) Interest rate risk
The Company's main interest rate risk arises from long-term borrowings with variable rates, which expose the Company to cash
flow interest.
The Company's fixed rate borrowings are carried at amortised cost. They are therefore not subject to interest rate risk as defined
in Ind AS 107, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market interest
rates.
Exposure to interest rate risk
The interest rate profile of the Company's interest-bearing financial instruments as reported to the management is as follows.
Note 42: AUDIT TRAIL:
The Company has used accounting software for maintaining its books of accounts'. This has a feature of recording audit trail (edit log)
facility and the same has been operational throughout the year for all transactions. There is no instance of the audit trail feature being
tampered with. The audit trail is at the application layer and does not log changes to source code of the accounting software and payroll
software. However, changes to these software applications / software releases are tested for outcomes by the Company and approved
for deployment with requisite version controls on an ongoing basis.
The Company has the process for preservation of the edit log (audit trail) as per the statutory requirements for retention of records for
the financial year ended March 31, 2026, except in case of the payroll processing software.
Note 43: ADDITIONAL REGULATORY INFORMATION (to the extent applicable and reportable)
(i) Details for any transactions entered with companies struck-off under Section 248 of the Companies Act, 2013 or Section 560 of
the Companies Act 1956 :
ii) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government
authority.
iii) The borrowings raised during the year have been used for the purpose they were raised.
iv) Registration of charges or satisfaction with Registrar of Companies : During the year, all charge forms were duly filed with the time
prescribed under the Act.
(v) There were no proceedings have been initiated or pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.
(vi) There have been no transactions which have not been recorded in the books of account, that have been surrendered or disclosed
as income during the year ended March 31,2026 and March 31, 2025 in tax assessments under the Income tax act, 1961. There
have been no previously unrecorded income and related assets which were to be properly recorded in the books of account during
the year ended March 31,2026 and March 31,2025.
vii) The Company has not traded or invested in crypto currency or virtual currency during the year ended March 31,2026 and March
31,2025.
(viii) The Company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India.
(ix) The Company has complied 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.
Note 44: SEGMENT INFORMATION
In accordance with Ind AS 108, 'Operating Segments', segment information has been given in the consolidated financial statements
and therefore, no separate disclosure on segment information is given in the standalone financial statements
Note 45: There are no amounts due and outstanding to be credited to Investor Education & Protection Fund as at March 31,2026.
Note 46: Amount shown as H 0.00 lakhs represents amount below H 5000 (Rupees Five Thousand).
Note 47: EVENTS OCCURING AFTER THE REPORTING PERIOD
No Significant adjusting event occurred between balance sheet date and the date of the approval of these standalone financial
statements by the Board of the Directors requiring adjustments on disclosures.
Note 48 : PREPARATION AND PRESENTATION OF STANDALONE FINANCIAL STATEMENTS
During the year, the Company surrendered its Registration as a Category I Merchant Banker pursuant to transfer of its Merchant
banking business to its step-down subsidiary necessitated by RBI regulations. Accordingly, the Company is no longer required to
prepare and present its financial statements in accordance with Division III of Schedule III to the Companies Act, 2013 ("the Act”),
which is applicable to Non-Banking Financial Companies. Consequently, with effect from the current financial year, the Company has
prepared and presented its financial statements in accordance with Division II of Schedule III to the Act. The comparative figures for
the previous year ended March 31, 2025 have been regrouped, reclassified and restated, wherever considered necessary, to conform
to the current year presentation.
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