(xi) Provisions, Contingent Liabilities and Contingent Assets
(I) Provisions

Provisions are recognised when the Company has a present
obligation (legal or constructive) as a result of a past event, it
is probable that an outflow of resources embodying
economic benefits will be required to settle the obligation and
a reliable estimate can be made of the amount of the
obligation. Provisions are reviewed at each reporting period
and are adjusted to reflect the current best estimate.

(ii) Contingencies

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 or a reliable
estimate of the amount cannot be made. Information on
contingent liability is disclosed in the Notes to the Financial
Statements. Contingent assets are not recognized in financial
statements but are disclosed, if any.

(xii) Non-Current Assets Held for Sale

The Company classifies non-current assets and disposal
groups as held for sale if their carrying amounts will be
recovered principally through a sale/distribution rather than
through continuing use and the sale is considered highly
probable. Management is committed to the sale within one
year from the date of classification. The Company treats
sale/distribution of the asset or disposal group to be highly
probable when:

•The appropriate level of management is committed to a plan
to sell the asset (or disposal group),

•An active programme to locate a buyer and complete the plan
has been initiated (if applicable),

•The asset (or disposal group) is being actively marketed for
sale at a price that is reasonable in relation to its current fair
value.

•The sale is expected to qualify for recognition as a completed
sale within one year from the date of classification, and''
•Actions required to complete the plan indicated that it is
unlikely that significant changes to the plan will be made or
that the plan will be withdrawn. Non-current asset held for
sale/for distribution to owners and disposal groups are
measured at the lower of their carrying amount and the fair
value less costs to sell/distribute. Assets and liabilities
classified as held for sale/distribution are presented
separately in the balance sheet. Property, plant and
equipment and intangible assets once classified as held for
sale/distribution to owners are neither depreciated nor
amortized.

(xiii) Leases

(a) Right of use assets

At the date of commencement of the lease, the Company
recognizes a right-of-use (ROU) asset and a corresponding
lease liability for all lease arrangements in which it is a lessee,
except for leases with a term of 12 months or less (short-term
leases) and low value leases. For these short-term and low-
value leases, the Company recognizes the lease payments as
an operating expense on a straight-line basis over the term of
the lease. Certain lease arrangements include the options to
extend or terminate the lease before the end of the lease term.
ROU assets and lease liabilities includes these options when
it is reasonably certain that they will be exercised.

The ROU assets are initially recognized at cost, which
comprises the initial amount of the lease liability adjusted for
any lease payments made at or prior to the commencement
date of the lease plus any initial direct costs less any lease
incentives. They are subsequently measured at cost less
accumulated depreciation and impairment losses. ROU
assets are depreciated from the commencement date on a
straight-line basis over the shorter of the lease term and
useful life of the underlying asset.

ROU assets are evaluated for recoverability whenever events
or changes in circumstances indicate that their carrying
amounts may not be recoverable. For the purpose of
impairment testing, the recoverable amount (i.e. the higher of
the fair value less cost to sell and the value-in-use) is
determined on an individual asset basis unless the asset does
not generate cash flows that are largely independent of those
from other assets. In such cases, the recoverable amount is
determined for the Cash Generating Unit (CGU) to which the
asset belongs.

(b) Lease Liabilities

The lease liability is initially measured at amortized cost at the
present value of the future lease payments. The Company
recognise a lease liability at the present value of the
remaining lease payments, discounted using the lessee's
incremental borrowing rate.

The lease payments include fixed payments (including in¬
substance fixed payments) less any lease incentives
receivable, variable lease payments that depend on a lease by
lease basis.

In calculating the present value of lease payments, the
Company uses the incremental borrowing rate at the lease
commencement date if the interest rate implicit in the lease is
not readily determinable. Lease liabilities are remeasured
with a corresponding adjustment to the related right of use

asset if the Company changes its assessment if whether it
will exercise an extension or a termination option.

Lease liability and ROU asset have been separately presented
in the Balance Sheet.

(c) Company as a lessor

Leases for which the Company is a lessor is classified as a
finance or operating lease. Whenever the terms of the lease
transfer substantially all the risks and rewards of ownership
to the lessee, the contract is classified as a finance lease. All
other leases are classified as operating leases.

For operating leases, rental income is recognized on a
straight line basis over the term of the relevant lease.

(xiv) Revenue Recognition

(i) Interest Income

The Company recognises interest income using Effective
Interest Rate (EIR) on all financial assets subsequently
measured at amortised cost or fair value through other
comprehensive income (FVOCI). EIR is calculated by
considering all costs and incomes attributable to acquisition
of a financial asset or assumption of a financial liability and it
represents a rate that exactly discounts estimated future
cash payments / receipts through the expected life of the
financial asset / financial liability to the gross carrying
amount of a financial asset or to the amortised cost of a
financial liability.

The Company recognises interest income by applying the EIR
to the gross carrying amount of financial assets other than
credit-impaired assets after setting-off of collateral amounts.
In case of credit-impaired financial assets regarded as ‘stage
3', the Company recognises interest income on the amortised
cost net of impairment loss of the financial asset at EIR, to the
extent of probability of its recovery. If the financial asset is no
longer credit-impaired, the Company reverts to calculating
interest income on a gross basis.

Interest on financial assets subsequently measured at fair
value through profit and loss, is recognized on accrual basis in
accordance with the terms of the respective contract.

(ii) Dividend Income

Dividend Income on investments is recognized when the
Company's right to receive the payment is established, which
is generally when shareholders approve the dividend.

(iii) Fees and Commission

Processing fees and other servicing fees is recognized on
accrual basis. The Company recognizes service and
administration charges towards rendering of additional
services to its loan customers on satisfactory completion of
service delivery. Fees on value added services and products
are recognized on rendering of services and products to the
customer.

(iv) Net Gain/ (Loss) on fair value change

Any differences between the fair value of investment in
mutual funds classified as fair value through the profit or loss,
held by the company on the balance sheet date is recognised
as an unrealised gain/(loss) in the statement of profit or loss.

In cases there is net gain in aggregate, the same is recognised
in Net gains on fair value changes under the revenue from
operations and if there is net loss the same is disclosed
under "Other Expenses"in the statement of profit or loss.

(v) Other Income / Revenue

Other income / revenue is recognized to the extent that it is
probable that the economic benefit will flow to the Company
and it can be reliably measured. Hostel revenue is recognized
on accrual basis i.e. income is booked on month to month
basis.

(xv) Finance Costs

Finance cost comprises interest cost on borrowings.
Borrowing cost that are not directly attributable to a
qualifying asset are recognized in the statement of profit &
loss account using effective interest rate.

Processing fees charged on term loan is recognized in the
statement of profit & loss over the tenure of the loan and
balance of the processing fee is reduced from loan amount of
current period.

(xvi) Taxation

Income tax expense represents the sum of current and
deferred tax. Tax is recognised in the Statement of Profit and
Loss, except to the extent that it relates to items recognised
directly in equity or other comprehensive income.

Current tax provision is computed for Income calculated after
considering allowances and exemptions under the provisions
of the applicable Income Tax Laws. Current tax assets and
current tax liabilities are off set, and presented as net.
"Deferred tax is recognised on differences between the
carrying amounts of assets and liabilities in the Balance sheet
and the corresponding tax bases used in the computation of
taxable profit and are accounted for using the liability
method. Deferred tax liabilities are generally recognised for all
taxable temporary differences, and deferred tax assets are
generally recognised for all deductible temporary differences,
carry forward tax losses and allowances to the extent that it is
probable that in future taxable profits will be available to set
off such deductible temporary differences. Deferred tax
assets and liabilities are measured at the applicable tax rates.
Deferred tax assets and deferred tax liabilities are off set, and
presented as net.

The carrying amount of deferred tax assets is reviewed at
each balance sheet date and reduced to the extent that it is no
longer probable that sufficient taxable profits will be available
against which the temporary differences can be utilised.

(xvii) Earning per Share

Earnings considered in ascertaining the company's earning
per share comprises the net profit after tax attributable to
equity shareholders.

Basic earnings per share is computed using the weighted
average number of equity shares outstanding during the
period. Diluted earnings per share is computed using the
weighted average number of equity and dilutive equivalent
shares outstanding during the period.

(xviii) Statement of Cash Flows

Statement of cash flows is prepared segregating the cash

flows into operating, investing and financing activities. Cash
flow from operating activities is reported using indirect
method adjusting the net profit for the effects of:

i) changes during the period in operating receivables and
payables transactions of a non-cash nature;

ii) non-cash items such as depreciation, provisions, deferred
taxes, unrealised gains and losses; and

iii) all other items for which the cash effects are investing or
financing cash flows.

Cash and cash equivalents (including bank balances) shown
in the Statement of Cash Flows exclude items which are not
available for general use as on the date of Balance Sheet.

(xix) Dividend Distribution

The Company recognizes a liability to make payment of
dividend to owners of equity when the distribution is
authorized and is no longer at the discretion of the Company
and is declared by the shareholders. A corresponding amount
is recognized directly in the Equity.

(xx) Fair value measurement

The Company measures its qualifying financial instruments
at fair value on each Balance Sheet date.

Fair value is the price that would be received against sale of an
asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. The
fair value measurement is based on the presumption that the
transaction to sell the asset or transfer the liability takes place
in the accessible principal market or the most advantageous
accessible market as applicable.

The Company uses valuation techniques that are appropriate
in the circumstances and for which sufficient data is available
to measure fair value, maximizing the use of relevant
observable inputs and minimizing the use of unobservable
inputs.

All assets and liabilities for which fair value is measured or
disclosed in the financial statements are categorized within
the fair value hierarchy into Level I, Level II and Level III based
on the lowest level input that is significant to the fair value
measurement as a whole.

For assets and liabilities that are fair valued in the financial
statements on a recurring basis, the Company determines
whether transfers have occurred between levels in the
hierarchy by re-assessing categorization (based on the
lowest level input that is significant to the fair value
measurement as a whole) at the end of each reporting period.

For the purpose of fair value disclosures, the Company has
determined classes of assets and liabilities on the basis of the
nature, characteristics and risks of the asset or liability and
the level of the fair value hierarchy.

4. Critical accounting estimates, assumptions and
judgements:-

In the process of applying the Company's accounting policies,
management has made the following estimates,
assumptions and judgements, which have significant effect
on the amounts recognised in the financial statement.
Uncertainty about these assumptions and estimates could
result in outcome that requires a material adjustment to
assets or liabilities affected in future periods.

(i) Property, plant and equipment and Investment properties
Property, Plant and equipment and Investment properties
represent a significant proportion of the asset base of the
Company. The useful lives and residual value of the
Company's asset are determined by the management at the
time the asset is acquired and reviewed at each reporting
date.

(ii) Income taxes

The Company's tax jurisdiction is India. Significant
judgements are involved in estimating budgeted profits for
the purpose of paying advance tax, determining the provision
for income taxes, including amount expected to be
paid/recovered for uncertain tax positions.

(iii) Contingencies

Management judgement is required for estimating the
possible outflow of resources, if any, in respect of
contingencies/claim/litigations against the Company as it is
not possible to predict the outcome of pending matters with
accuracy.

(iv) Impairment of non-financial assets

The Company assesses at each reporting date whether there
is an indication that an asset may be impaired. If any
indication exists, or when annual impairment testing for an
asset is required, the Company estimates the assets's
recoverable amount. An assets's recoverable amount is the
higher of an assets's or CGU's fair value less costs of disposal
and its value in use. Where the carrying amount of an asset or
CGU exceeds its recoverable amount, the asset is considered
impaired and is written down to its recoverable amount.

(v) Impairment of financial assets and Allowance for uncollected
loans and advances

The Company to provide for impairment of its loan
receivables (designated at amortised cost) using the
expected credit loss (ECL) approach. ECL involves an
estimation of probability weighted loss on financial
instruments over their life, considering reasonable and
supportable information about past events, current
conditions, and forecasts of future economic conditions
which could impact the credit quality of the Company's loans
and advances.

In the process, a significant degree of judgement has been
applied by the Management for: Staging of loans [i.e.
classification in ‘significant increase in credit risk' (‘SICR')
and ‘default' categories]; Grouping of borrowers based on
homogeneity by using appropriate statistical techniques;
Estimation of behavioral life; Determining macro-economic
factors impacting credit quality of receivables; Estimation of
losses for loan products with no/ minimal historical defaults.
The Company applies the expected credit loss (‘ECL') model in
accordance with Ind AS 109 for recognising impairment loss
on financial assets. The ECL allowance is based on the credit

losses expected to arise from all possible default events over
the expected life of the financial asset (‘lifetime ECL'), unless
there has been no significant increase in credit risk since
origination, in which case, the allowance is based on the 12-
month ECL. The 12-month ECL is a portion of the lifetime ECL
which results from default events that are possible within 12
months after the reporting date. ECL is calculated on a
collective basis, considering the retail nature of the
underlying portfolio of financial assets. The impairment
methodology applied depends on whether there has been a
significant increase in credit risk. When determining whether
the risk of default on a financial asset has increased
significantly since initial recognition, the Company considers
reasonable and supportable information that is relevant and
available without undue cost or effort. This includes both
quantitative and qualitative information and analysis based
on a provision matrix which takes into account the Company's
historical credit loss experience, current economic
conditions, forward looking information and scenario
analysis. The expected credit loss is a product of exposure at
default (‘EAD'), probability of default (‘PD') and loss given
default (‘LGD'). The Company has devised an internal model to
evaluate the PD and LGD based on the parameters set out in
Ind AS 109. Accordingly, the financial assets have been
segmented into stages based on the risk profiles. The three
stages reflect the general pattern of credit deterioration of a
financial asset. The Company categorises financial assets at
the reporting date based on the days past due (‘DPD') status.
LGD is an estimate of loss from a transaction given that a
default occurs. PD is defined as the probability of whether the
borrowers will default on their obligations in the future. EAD
represents the expected exposure in the event of a default and
is the gross carrying amount in case of the financial assets
held by the Company. The Company incorporates forward
looking information into both assessments of whether the
credit risk of an instrument has increased significantly since
its initial recognition and its measurement of ECL. Based on
the consideration of external actual and forecast information,
the Company forms a ‘base case' view of the future direction
of relevant economic variables. This process involves
developing two or more additional economic scenarios and
considering the relative probabilities of each outcome. The
base case represents a most likely outcome while the other
scenarios represent more optimistic and more pessimistic
outcomes.

The measurement of impairment losses across all categories
of financial assets requires judgement, in particular, the
estimation of the amount and timing of future cash flows and
collateral values when determining impairment losses and
the assessment of a significant increase in credit risk. These
estimates are driven by a number of factors, changes in which
can result in different levels of allowances. The Company's
ECL calculations are outputs of complex models with a
number of underlying assumptions regarding the choice of
variable inputs and their interdependencies. The inputs and
models used for calculating ECLs may not always capture all
characteristics of the market at the date of the financial
statements. The Company regularly reviews its models in the
context of actual loss experience and makes adjustments
when such differences are significantly material.

Adjustments including reversal of ECL is recognised through
statement of profit and loss. After initial recognition, trade
receivables are subsequently measured at amortised cost
using the effective interest method, less provision for
impairment. The Company follows the simplified approach
required by Ind AS 109 for recognition of impairment loss
allowance on trade receivables, which requires lifetime ECL to
be recognised at each reporting date, right from initial
recognition of the receivables.
yi) Fair value measurement of financial instruments

When the fair values of financials assets and financial
liabilities recorded in the Balance Sheet cannot be measured
based on quoted prices in active markets, their fair value is
measured using valuation techniques, including the
discounted cash flow model, which involve various
judgements and assumptions.

Nature and purpose of Reserves & Surplus

1 General Reserve amount transferred /apportioned represents is in accordance with (the Companies Act, 1956) wherein a portion of profit is
apportioned to general reserve, before a Company can declare dividend.

2 "Other Comprehensive Income Reserve represents the balance in equity for item to be accounted in Other Comprehensive Income. OCI is
classified into

i) Items that will not be reclassified to profit & loss

ii) Items that will be reclassified to profit & loss"

3 The balance consists of surplus retained from earned profits after payment of dividend and taxes thereon.

4 Actuarial Gain and losses for defined plans are recognized through OCI in the period in which they occur. Re-measurement are not reclassified to
profit or loss in subsequent periods.

5 Balance of Security Premium Reserve consists of premium on issue of shares over its face value. The balance will be utilised for issue of fully
paid bonus shares, buy-back of Company's own share as per the provisions of the Companies Act, 2013.

6 The Board of Directors, at its respective meetings declared the following dividends the detail of which are as follows:-

19.1 Terms of security and repayment are given below:

(a) Working Capital Term Loan (Kotak Bank) of ' 220.91 Lakhs @ 9 % p.a.(RPRR 2.75% ) payable by February, 2027. The loan is secured against
the primary security having first charge on current assets (Present and future) and having Collateral Security on Plot No.23, Shubham Enclave,
C-Scheme, Jaipur. Personal guarantee given by Mr. Om Prakash Maheshwari and Mr. Pramod Maheshwari.

(b) Working Capital Term Loan (Kotak Bank) of ' 286.84 Lakhs @ 9.25 % p.a.(RPRR 2.75% ) payable by February, 2029. The loan is secured against
the primary security having first charge on current assets (Present and future) and having Collateral Security on Plot No.23, Shubham Enclave,
C-Scheme, Jaipur. Personal guarantee given by Mr. Om Prakash Maheshwari and Mr. Pramod Maheshwari.

© Term (Auto) Loan (Bank of Baroda) of '38.26 Lakhs @ 9.15 % p.a.(RBI Repo Rate 2.9 % ) payable by August 2027. The loan is secured against
hypothecation of vehicle. Personal guarantee given by Mr. Om Prakash Maheshwari, Mr. Nawal Kishore Maheshwari, Mr. Pramod Maheshwari.

(d) Term Loan (ICICI Bank) of ' 351.23 Lakhs @ 8.85% p.a. (Repo 2.60% ) payable by January 2034. The loan is secured against the Security on
Plot No. B-28 & 28-A, 10-B Scheme, Gopalpura by pass jaipur. Mr. Pramod Kumar Maheshwari is Co applicant.

(a) The Company is contesting above demand/s and the management including its advisers are of the view that these demand/s may not be
sustainable. Pending resolution of the respective proceedings, it is not practicable for the Company to estimate the timings of cash outflows, if
any, in respect of the above as it is determinable only on receipt of judgements/decisions pending with various forums/authorities.

34 Commitments

Estimated amount of contracts remaining to be executed on capital account (net of advances) is Nil (Previous Year Nil).

35 To ensure the simplification of group structure by reducing the number of entities in the Group, thereby resulting in reduction in multiplicity of
legal and regulatory compliances and reduction of costs and to ensure better synergy of operations by way of focused operational efforts to
improve the overall operational efficiency and effectiveness of the resources, the Board of Directors of ‘Srajan Capital Limited (SCL / Transferor /
Subsidiary Company)', ‘CP Capital Limited (erstwhile Career Point Limited) (CPCL / Parent / Transferee / Demerged Company)' and ‘Career Point
Edutech Limited (CPEL / erstwhile Subsidiary / Resulting Company)' had considered and approved the Composite Scheme of Arrangement
under Section 230 to 232 and other Applicable Provisions of the Companies Act, 2013 (the ‘Scheme'), which provides for amalgamation of
Srajan Capital Limited into CP Capital Limited and demerger of education business of CP Capital Limited into Career Point Edutech Limited on
going concern basis. The Chandigarh Bench of the Hon'ble National Company Law Tribunal (NCLT) through its order dated 23 September, 2024
(issued on 22 October, 2024) had approved the Scheme with the appointed date being 1 April, 2023, and thereafter it has been filed with the
Registrar of Companies on 13 November, 2024.

Upon the Scheme becoming effective, the Education business of CPCL (Demerged Company) along with the assets and liabilities thereof has
been transferred to CPEL (Resulting Company) on a going concern basis and the SCL (Transferor Company) has been amalgamated into CPCL
(Transferee Company) and the same have been accounted for in the financial statements as at the appointed date i.e. 1 April, 2023, in
accordance with the Scheme. Accordingly the financial statements after the appointed date have been restated to include the impact of the
demerger and merger in accordance with the applicable Indian Accounting Standards (Ind AS).

Further, in accordance with the Scheme, the Board of Directors of CPEL, at its meeting held on 12 May, 2025, allotted 1,82,92,939 equity shares of
Rs. 10/- each as fully paid-up to the eligible shareholders of CPCL in the ratio of 1 (One) equity share of Rs. 10/- each of the CPEL for every 1 (One)
equity share of Rs. 10/- each held in CPCL, whose names appeared in the Register of Members or records of the depositories as on the Record
Date i.e. 9 May, 2025.

36 In accordance with the provision of Section 135 of the Companies Act, 2013, Board of Directors of the Company had constituted a Corporate
Social Responsibility (CSR) Committee, in terms, with the provisions of the said Act. During the year, Company has contributed the following
sums towards CSR initiatives.

41 SEGMENT REPORTING

The Company is primarily engaged only in the business of providing loans to customers and has no overseas operations/units and as such, no
segment reporting is required under Ind AS- 108 dealing with the Segment Reporting.

42 "The balances in the accounts of the loans and advances and other parties are subject to confirmation / reconciliation. Adjustment, if any will be
accounted for on confirmation / reconciliation of the same, which in the opinion of the management will not have a material impact."

43 "SCL (Transferor Company), which was a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), to ensure its
amalgamation with CPCL (Transferee Company) had surrendered its Certificate of Registration as NBFC (‘COR') after the Scheme of
Arrangement became effective and as its business was amalgamated in CPCL (Transferee Company) on a going concern basis, CPCL to carry
out the business as NBFC had applied for the COR, which has since granted by RBI w.e.f. 1 April, 2025.

Further, with the necessary approvals of the shareholders and the Registrar of Companies, Jaipur, CPCL had altered its object clause of the
Memorandum of Association w.e.f. 10 September, 2021 to include activities related with NBFC and though CPCL is now registered as NBFC,
however, considering that its COR as NBFC is applicable / effective from 1 April, 2025, its financial statements as at 31 March, 2025 and for the
year ended on that date, have been presented in accordance with the Division II of Schedule III of the Companies Act, 2013 as applicable to Ind
AS Compliant Non- NBFC Companies"

44 Financial risk management objectives and policies

The Company's risk management policies are established to identity 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 activities.

The Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework.

In performing its Operating, Investing and Financing activities the Company is exposed to the Liquidity and Funding Risk, Interest Rate Risk and
Credit Risk.

(A) Interest rate risk: Interest rate risk stems from movements in market factors, such as interest rates, credit spreads which impacts investments,
income and the value of portfolios.

"Interest rate risk is:

•measured using Valuation at Risk (‘VaR'), and modified duration analysis and other measures, including the sensitivity of net interest income.
•monitored by assessment of probable impacts of interest rate sensitivities under simulated stress test scenarios given range of probable
interest rate movement so on both fixed and floating assets and liabilities."

(B) Credit Risk: Credit risk is the risk of financial loss arising out of a customer or counter party failing to meet their repayment obligations to the
Company.

"Credit risk is:

•measured as the amount at risk due to repayment default to a customer or counter party to the Company. Various matrices such as EMI default
rate, overdue position, collection efficiency, customers non-performing loans etc. are used as leading indicators to assess credit risk.

•monitored by Risk Management Committee using level of credit exposures, portfolio monitoring, repurchase rate, bureau data of portfolio
performance and industry, geographic, customer and portfolio concentration risks.

•managed by a robust control framework by the risk department which continuously align credit policies, obtaining external data from credit
bureaus and reviews of portfolios and delinquencies by senior and middle Management team comprising of risk, analytics, collection and fraud
containment along with business. The same is periodically reviewed by the Board appointed Risk Management Committee"

Financial Instruments

Credit risk from balances with banks, trade receivables, loans and advances and financial institutions is managed by the Company top
management in accordance with the Company's policy. Investments of surplus funds are made only with approved counterparties and within
credit limits assigned to each cynterparty. Counterparty credit limits are reviewed by the top management on an annual basis, and may be
updated throughout the year subject to approval of the Company's board of directors. The limits are set to minimise the concentration of risks
and therefore mitigate financial loss through counterparty's potential failure to make payments.

The Company has a well-defined sale policy to minimize its risk or credit defaults. Outstanding receivables are regularly monitored and
assessed. Impairment analysis is performed based on historical data at each reporting date on an individual basis.

Financial assets are written off when there is no reasonable expectation of recovery, such as customer failing to engage in a repayment plan
with the company.

Deposits with Bank: The deposits with banks constitute mostly the liquid investment of the company and are generally not exposed to credit
risk.

(C) "Liquidity and Funding Risk: Liquidity risk arises from mismatches in the timing of cash flows.

Funding risk arises:

•when long term assets cannot be funded at the expected term resulting in cash flow mismatches;

•amidst volatile market conditions impacting sourcing of funds from banks and money markets "

"Liquidity and funding risk is:

•measured by identifying gaps in the structural and dynamic liquidity statements.

•monitored by

45. Capital Risk Management:

The Company's policy is to maintain an adequate capital base so as to maintain customer and market confidence and to sustain future
development. Capital includes issued capital, share premium and all other equity reserves attributable to equity holders. The primary objective
of the Company's capital management is to maintain an optimal structure so as to maximize the shareholder's value. In order to strengthen the
capital base, the Company may use appropriate means to enhance or reduce capital, as the case may be. No changes were made in the
objectives, policies or processes during the year ended 31 March, 2025 and 31 March, 2024.

The Company is not subject to any external imposed capital requirement. The Company monitors capital using a gearing ratio, which is net debt
divided by total capital plus net debt. Net Debt is calculated as borrowings less cash and cash equivalents.

The following methods and assumptions were used to estimate the fair values:

1) Fair value of cash and deposits, other bank balances, trade receivables, loans, trade payables, and other financial assets and liabilities
approximate their carrying amounts largely due to the short-term maturities of these instruments.

2) Long-term fixed-rate and variable-rate receivables / borrowings are evaluated by the Company based on parameters such as interest rates, specific
country risk factors, credit risk and other risk characteristics. Fair value of variable interest rate borrowings approximates their carrying values. For
fixed interest rate borrowing fair value is determined by using the discounted cash flow (DCF) method using discount rate that reflects the issuer's
borrowings rate. Risk of non-performance for the company is considered to be insignificant in valuation.

Fair Value Hierarchy

All financial assets and liabilities for which fair value is measured in the financial statements are categorised within the fair value hierarchy, described
as follows: -

Level 1 - Quoted prices in active markets.

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable.

Level 3 - Inputs that are not based on observable market data.

The following table presents the fair value measurement hierarchy of financial assets and liabilities, which have been measured subsequent to initial
recognition at fair value as at 31st March, 2025 & 31st March 2024.

50. Additional Disclosures

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any
Benami property under the Benami Transactions (Prohibition) Act, 1988.

(ii) The Company has not done any transaction with Struck off Companies during the year ended 31 March, 2025.

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

(iv) The Company is not declared wilful defaulter by any bank or financial institution or any other lenders.

(v) The Company has not advanced or loaned or invested funds to any other person(s) or entity, including foreign entities (Intermediaries) with
the understanding that the Intermediary shall:

-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 to or on behalf of the Ultimate Beneficiaries"

(vi) The Company has not received any fund from any person or entity, including foreign entities (Funding Party) 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. "

(vii) The Company has no such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income
during the year in the tax assessments under the Income-tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income-
tax Act, 1961.

(viii) The Company has not been sanctioned working capital limit in excess of 5 crore, in aggregate, at points of time during the year, from bank
on the basis of security of current assets.

(ix) The Company has utilized the borrowings from banks and financial institutions for the specific purpose for which it was taken during the
financial year.

(x) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory
period.

(xi) The Company does not make any Loan and Advances in the nature of Loans to Promoter, Director and KMPs.

(xii) The title deed of immovable properties of the Company are held in the name of the Company.

51. The Company uses accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and
the same has operated throughout the year for all relevant transactions recorded in the software except in certain components where the audit
trail were not operating due to system limitations. Further at no instance the Audit Trail feature was tempered with and the audit trail has been
preserved by the Company as per the statutory requirements for record retention.

53. The previous year's figures have been regrouped and reclassified wherever considered necessary. Further, as the financial statements for the
previous year include the impact of the demerger and amalgamation as detailed in note 35, accordingly the same may not be comparable.

As per our report of even date

For S.P Chopra & Co. For and on behalf of the Board of Directors

Chartered Accountants

Firm Registration no. 000346N Pramod Maheshwari Om Prakash Maheshwari

Managing Director & CEO Executive director & CFO

DIN : 00185711 DIN: 00185677

(Gautam Bhutani) Manmohan Pareek

Partner Company Secretary

Membership No. 524485 Membership No. ACS34858

Place : Kota (Rajasthan)

Date: 30 May, 2025