(#) In terms of approval of Board of Directors at their meeting held on 18 August, 2023, the Company allotted 33,54,746 equity shares at a Price of Rs. 140 per share (including premium of Rs. 130 per share) to existing shareholder's on rights basis. Basic and diluted earnings per share for the quarter and year ended 31 March, 2023 have been accordingly adjusted for the effect of Rights Issue.

(b) Rights / preferences / restrictions attached to equity shares

The Company has one class of equity shares having a par value of Rs. 2 per Share for the year ended 31st March 2025 and Rs. 10 per share for the year ended 31st March 2024. Each Shareholder is eligible for one vote per share held. The dividend proposed (if any) 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(if any). In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Nature and purpose of reserves:

Retained Earning

This reserve represents the cumulative profits of the Company less any transfer to statutory reserve. This can be utilised in accordance with the provision of Companies Act, 2013.

Statutory Reserves as per section 45-IC of the RBI Act, 1934

The Company has to transfer 20% of its profit after tax to the statutory reserves in accordance with the provision of Section 45-IC of Reserve Bank of India Act, 1934. The same will be utilised in accordance with the provisions of the Reserve Bank of India Act, 1934.

Other comprehensive income (OCI)

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 reserve within equity. The Company transfers amounts from this reserve to retained earnings when the relevant equity securities are derecognised.

34 The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and postemployment received Presidential assent on 28th September 2020 and has been published in the Gazette of India. However, the date on which the provisions of the Code will come into effect has not been notified. Further, related Schemes and Rules are also awaited. The Company will evaluate the impact of the code after it has been notified.

35 In opinion of the Board, the loans & advances and other current assets have a value, which if realized in the ordinary course of business, will not be less than the value stated in the Balance Sheet.

36 The Company has not obtained Actuarial Valuation with regards to Employee’s terminal benefits i.e., Gratuity and Leave Encashment as mandated by Indian Accounting Standard (Ind As 19) issued by the Institute of Chartered Accountants of India. In view of lesser number of employees on rolls, the Company has provided these benefits on actual basis.

37 Balance appearing under loans & advances, trade receivables, trade payables, current assets and current liabilities are subject to confirmations in certain cases.

38 During the year, the Company has conducted physical verification of its property, plant and equipment in order to ensure their location, existence and assess their working condition. No discrepancies have been reported during such verification.

39 All the property, plant & equipment and intangible assets of the Company are fully depreciated in accordance with the provisions of Companies Act, 2013. The minimum residual value is carried in books of accounts.

40 Financial risk management

The Company’s financial liabilities generally comprises of trade payables, borrowing etc. The main purpose of these financial liabilities is to raise finances for the Company. The financial assets held by the Company consist of balance with banks, security deposit etc.

There are various risk involved with the activities of the Company like credit risk, liquidity risk and market risk. The board of directors reviews and agrees policies for managing each of these risks which are summarized below:

(i) Credit Risk

Credit risk arises when a counterparty defaults on its contractual obligations to pay resulting in financial loss to the Company. The Company has credit risk from its other Financial Assets.

The customer credit risk is managed subject to the Company’s established policy, procedure and controls relating to customer credit risk management. In order to contain the business risk, prior to acceptance of any contract, feasibility study is carried out considering the various factors like market trends etc. The Company remains vigilant and regularly assesses the credit risk during execution of contracts with a view to limit risks of delays and default. In view of the industry practice, credit risks from receivables are well contained on an overall basis.

(ii) Liquidity risk

The Liquidity risk is the risk that the Company does not have sufficient financial resources to meet its obligations as they fall due, or will have to do so at an excessive cost. The risk arises from mismatchs in the timing of cash flows which is inherent in all finance driven organisation and can be affected by a range of company specific and market-wide events.

(iii) Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market prices comprise interest rate risk. Foreign Currency Risk

The Company does not have any exposure to foreign curency Hence, any fluctuations on account of foreign currency has not arises.

Equity Price Risk

The Company is exposed to equity price risk arising from its investments in equity instruments. Equity price risk is related to the change in market reference price of the investment in equity securities.

Interest Rate Risk

The company is not exposed to interest rate risk as it has no borrowings at the Balance sheet date.

41 Capital management

The company maintains an actively managed capital base to cover risk inherent in the business which includes issued equity capital and all other equity reserves attributable to equity holders of the Company, The primary objectives of the Company's capital management is to ensure that the Company complies with extremelly imposed capital requirements and maintains 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 according to changes in economic condition and the risk characterestic of its activities, in order to maintain or adjust the capital structure, the Company may adjust the amount of dividend payments to shareholders return capital to shareholders or issues securities.

A As defined in paragraph 2(1)(xii)of the Non Banking Financial Companies acceptance of public deposits (Reserve Bank) directions,1998

B Provisioning norms shall be appliacable as prescribed in Non Banking financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve bank Directions,

2007)

C All Indian Accounting standards (Ind As) and guidance notes issued by ICAI are applicable incuding for valuation of investment and other assets as also assets acquired in satisfaction of debt.However, market value in respect of quoted investment and break up/fair value/NAv in rspect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in(4) above.

Cash and cash equivalents, loans and trade payables have short term maturity (less than twelve months) and thus their carrying amounts are a reasonable approximation of their fair value. The carrying value of investments in unquoted equity instruments and other Financial Assets is a reasonable approximation to their fair values.

44 Statutory Reserve represents the reserve fund created under section 45-IC of the Reserve Bank of India Act, 1934. An amount of Rs. 42.47 lacs (Previous year Rs. 26.41 lacs) representing 20% of net profit transferred to the reserve fund for the year.

45 (i) Provision as per IND-AS 109 (Impairment allowance)

Since all the loan assets are recoverable on demand and accordingly the same has been classified as "Stage One" assets considering the general approach as per IND-AS 109. Further the management is not expecting any default event on a financial instrument that are possible within the 12 months after the reporting date. Therefore, no provision required to be made in the books of account as at the balance sheet date.

(ii) Provision as per IRACP norms (provisions for standard & non performing assets)

Provision for non-performing assets (NPAs) is made in the financials statements according to the prudential Norms prescribed by RBI for NBFCs. The Company also makes additional provisons towards loan assets, based on the management's best estimate. Additional provison of 0.40% on standard assets has also been made during the year, as per stipulation of RBI on standard assets. Company has made provisions for standard Assets as well Non -performing Assets as per the table below:

49 The Company does not have any exposure to Real estate sector during the year ended 31 March, 2025 and previous year ended 31 March, 2024.

50 Additional regulatory information

(i) The Company does not have any benami property held in its name. 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 the Rules made thereunder.

(ii) The Company has not been declared a wilful defaulter by any bank or financial institution or other lender or government or any government authority.

(iii) There is no income surrendered or disclosed as income during the year in tax assessments under the Income Tax Act, 1961 (such as search or survey), that has not been recorded in the books of account.

(iv) The Company has not traded or invested in cryptocurrency or virtual currency during the year.

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

(vi) The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person or entity, including foreign entities ("Intermediaries") with the understanding (whether recorded in writing or otherwise) that the Intermediary shall, whether directly or indirectly lend or invest in other persons/entities identified in any other manner whatsoever by or on behalf of the Company (ultimate beneficiaries') or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(vii) 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 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.

(viii) The Company does not have any transactions with companies struck off.

(ix) The Company has complied with the requirement with respect to the number of layers as prescribed under section 2(87) of the Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017.

(x) The Company has not entered into any scheme of arrangement approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

(xi) During the year, the Company has not been sanctioned working capital limits in excess of Rs. 5 crores, in aggregate, from banks on the basis of security of current assets.

50 The name of the Company has been changed from 'Oracle Credit Limited' to 'Credent Global Finance Limited' vide fresh Certificate of Incorporation received from Ministry of Corporate Affairs dated 06 April 2023. Further, BSE Limited has been approved the same on 18 April 2023 and reflected on stock exchange on 24 April 2023

51 In accordance with the Section 123 of the Companies Act, 2013 and applicable rules and regulations, the Board of Directors of the Company have not approved an interim dividend to equity shareholders of the Company for the financial year 2024-25.

Classification of financial assets under various stages

The Company classifies its financial assets in three stages having the following characteristics:

Standard Assets:

Standard Asset is one which which does not carry more than normal risk attached to the business and hence the same is not considered as NPA. Provision on such assets has been made at the rate of 0.40% as per RBI norms. Substandard Assets:

i. An asset has been classified as sub-standard if it remained NPA for a period less than or equal to 18 months.

Provision on substandard assets has been made at 10% as per RBI norms

Doubtful Assets:

An asset is required to be classified as doubtful, if it has remained NPA for more than 18 months.

Provisioning (%)

Doubtful Assets: Unsecured 100%

53 Figures for the previous year have been regrouped/reclassified/reinstated, wherever considered necessary.