Rights, Preferences and Restrictions attached to Equity Shares
The company has only one class of equity shares having face value of '10 per share. Each holder of equity shares is entitled to one vote per equity shares. The dividend if recommended by the Board of Directors which is subject to the approval of the Members at the ensuing Annual General Meeting.
In the event of winding-up, the holders of equity shares shall be entitled to receive remaining assets of the Company after distribution of all preferential amounts. The distributing will be in proportion to the number of equity shares held by shareholders. The share holders shall have all the other rights as available to the equity shareholders as per the provision of Companies Act, 2013 read together with the Memorandum of Association and Articles of Association of the Company.
On November 21, 2025, the Government of India notified the four Labour Codes, namely 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, thereby consolidating 29 existing labour laws. Pursuant to the implementation of the aforesaid Codes, the Company has reassessed its employee benefit obligations in accordance with Ind AS 19 - Employee Benefits, including the impact of restructuring of employee compensation with effect from March 1,2026. Based on such assessment,
the Company has recognised an incremental expense of Past Service cost '0.78 lakhs for the year ended March 31,2026. The aforesaid impact, being not material, has been recognised in the standalone Statement of Profit and Loss under "Employee Benefits Expense" and has not been presented as a separate line item. The Company will continue to evaluate the impact of any further rules / clarifications issued by the appropriate authorities and will account for the same, if any, in the period in which such changes become effective.
The following tables summarise the components of defined benefit expense recognised in the statement of profit or loss and amounts recognised in the Balance Sheet for the respective plans:
Note 20 :
(a) There are no Micro and Small Enterprises , to whom the Company owes dues, which are outstanding for more than 45 days as at 31st March, 2026. This information as required to be disclosed under the Micro, Small and Medium Enterprise Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.
(b) There are no amounts due and outstanding to be credited to Investor Education and Protection fund as at 31st March 2026 (PY - Nil )
(c) Details on derivatives instruments and unhedged foreign currency exposures
(i) There are no forward exchange contract outstanding as at 31st March, 2026
(ii) There is no unhedged foreign currency exposure as at 31st March, 2026
(d) Segment Information
i) During the current year, the Company commenced commodity trading activities,the company has identified two segments viz. (a) Business Centre and Rental and (b) Trading; and disclosed these as operating segments. These segments have been identified in accordance with Ind AS 108, 'Operating Segments'.
ii) Segment revenue, results and other information includes the respective amounts identifiable under each of these segments. The items/ information which cannot be directly identified with any particular operating segment have been shown separately as unallocable.
Note 21 : Commitments and contingencies Contingent liabilities
i) Claims against the company not acknowledged as debts :- ' 318.96 Lakhs (PY ' 318.96 Lakhs)
ii) Dispute related with Leased Property - Amount Indeterminate (PY Amount Indeterminate )
iii) Appeal filed with Appellate tribunal for interest in excise matter of ' 51.91 Lakhs (PY ' 51.91 Lakhs)
(b) Fair value hierarchy
The Group determines fair values of its financial instruments according to the following hierarchy
Level 1: Valuation based on quoted market price: Financial instruments with quoted price for identical instruments in active markets that the company can acess at the measurement date
Level 2: Valuation based on using observable inputs : Financial instruments with quoted prices for identical instruments in active markets or quoted prices for identical or similar instruments in inactive markets & finacial instruments valued using models where all singnifican inputs are observable.
Level 3: Valuation technique with significant inputs - Financial instruments valued using valuation techniques where one or more significant inputs are unobservable.
Note 23.2 :
Financial risk management objectives and policies
The company's financial risk management is an integral part of how to plan and execute its business strategies. The company's risk management policy is approved by the board.
The Company's principal financial liabilities, comprise of trade payables. The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets include trade and other receivables and cash and cash equivalents that derive directly from its operations and Investment.
The Company is exposed to market risk, credit risk , liquidity risk etc. The Company's senior management oversees the management of these risks. The Company's senior management is overseen by the board with respect to risks and facilitates appropriate financial risk governance framework for the Company. Financial risks are identified, measured and managed in accordance with the company's policies and risk objectives. The Board of Directors reviews and agrees policies for managing
key risks, which are summarised below.
Credit risk
Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.The company is exposed to credit risk from its operating activities and from its financing activities, including deposits with banks, financial institutions and other parties and other financial instruments. The company is not significantly exposed to credit risk as most of the service income is received on a monthly basis and historically the receipts are regular. The company adopts prudent criteria in its investment policy, the main objectives of which are to reduce the credit risk associated with investment products and the counterparty risk associated with financial institutions. The Company considers the solvency, liquidity, asset quality and management prudence of the counter parties, as well as the performance potential of the counter parties in stressed conditions. In relation to credit risk arising from commercial transactions, impairment losses are recognized for trade receivables when objective evidence exists that the Company will be unable to recover all the outstanding amounts in accordance with the original contractual conditions of the receivables.
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 risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk. Financial instruments affected by market risk include investments.
The senior management manages market risk which evaluates and exercises control over the entire process of market risk management. The senior management recommends risk management objectives and policies, which are approved by the Board. The activities include management of cash resources, investment strategies, etc.
Interest rate risk
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Interest rate change does not affects significantly to current investment.
Liquidity risk
The Company's finance personnel is responsible for liquidity, funding as well settlement management. In addition, the related policies and processes are overseen by senior management. Management monitors the company's net liquidity position through rolling forecast on the basis of expected cash flows.
The table below summarises the maturity profile of the Company's financial liabilities based on contractual undiscounted payments.
Note: Explanation for change in ratio by more than 25%
(i) Return on Equity (ROE): Improved due to net profit in the current year as against net loss in the previous year.
(ii) Net Capital Turnover Ratio: Increased due to higher revenue during the year with relatively stable working capital.
(iii) Net Profit Ratio: Improved on account of profitability in the current year compared to losses in the previous year.
(iv) Return on Capital Employed (ROCE): Increased due to improved operating profit (EBIT) during the year.
(v) Return on investment is not comparable due to redemption of mutual fund in current year.
27 Excessive risk concentration
Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the same geographical region, or have economic features that would cause their ability to meet contractual obligations to be similarly affected by changes in economic, political or other conditions. Concentrations indicate the relative sensitivity of the Company's performance to developments affecting a particular industry or given set of counter parties.
In order to avoid excessive concentrations of risk, the company's policies and procedures include specific guidelines to focus on the maintenance of a reasonably diversified portfolio. Identified concentrations of credit risks are controlled and managed accordingly.
28 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 of the company. The primary objectives of the Company's capital management is to maximise the shareholder value while providing stable capital structure that facilitate considered risk taking and pursuit of business growth.
The Company manages its capital structure and makes adjustments in light of changes in economic conditions and business opportunities. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, raise/ pay down debt or issue new shares.
29 Discrepancies in the statements submitted to the Bank and Financial Institute on the basis of security of current assets
The Company has not borrowed any money from Bank and / or Financial Institute on the basis of security of current assets thus, the Company was not required to submit any quarterly statements.
30 Willful Defaulter
Since the company has not borrowed money from any bank or financial institution, it is not marked as a willfull defaulter by any Bank or Financial Institution.
31 Registration of charges or satisfaction with Registrar of Companies
The Company has neither created nor satisfied any charge on the Company's property during the year thus it is not required to Register or Satisfy Charge with the Registrar of Companies.
32 Undisclosed Income
The Company was not having unrecorded income and related assets which were surrendered or disclosed in the previous tax assessments under the Income Tax Act, 1961.
33 Foreign Currency Transcations
There was no foreign currency earning, expenditure including import of Raw Materials, Components and Spare Parts, or Capital Goods during the year ( Previous Year - ' Nil)
34 Revaluation of the property
The Company has not revalued any property during the year.
35 Benami Property
No proceedings have been initiated during the year against the Company for holding Benami property. Also, there is no case pending against the Company for holding any Benami property.
36 Commodity Trading
During the year, the Company has commenced a new business segment relating to trading in commodities. Revenue from this segment has been included under "Revenue from operations" in the Statement of Profit and Loss.
37 Crypto Currency or Virtual Currency
The Company has not traded or invested in any Crypto currency or Virtual currency during the financial year.
38 Corporate Social Responsibilty (CSR)
The Company is not liable to contribute towards Corporate Social Responsibility as define under section 135 of Companies Act,2013.
39 Loans and Advances to Related Parties
The Company has not granted any Loans and Advances to related parties during the year. There was no outstanding amount receivable from related parties at the end of the year.
40 Loans, Guarantee and Investment by Company (Disclosure under section 186(4) of CA,2013)
The company has not extended any loans,Gurantee & Investment during the year.
41 Intangible assets under development
There was no Intangible assets under development at the end of year.
42 Compliance with approved Scheme of Arrangements
No Scheme of arrangement has been approved by NCLT / High Court. Thus effect of the scheme is not required to be given in the Books of Accounts.
43 Compliance with number of layers of companies
The company is not having any subsidiary company as prescribed under clause (87) of section 2 of the Companies Act,2013.
44 Relationship with Struck off Companies
The Company does not have any outstanding balance payable or receivable or shares held by or any investment made in any Company marked as Struck off under Section 248 of the Companies Act, 2013.
45 Enhancing Accountability and Transperacncy : Implementation of Audit Trail
The company had implemented an audit trail system within our company's software which has impact on books of accounts with effect from 1st April 2023. This implementation underscores our commitment to transparency, accountability, and data integrity. Audit trail has been implemented for all transactions recorded in the software throughout the year. By capturing and documenting critical events and activities within our systems, we ensure a comprehensive record that enhances security, facilitates compliance, and supports effective decision-making. In addition, audit trail data is preserved in the system as per statutory requirement for record retention. The company's dedication to maintain a robust audit trail reflects ongoing efforts to uphold the highest standards of governance and security across all aspects of business operations.
46 Backup Schedule and Data Preservation
The company follows a well-defined backup schedule and data preservation protocol to ensure the integrity and availability of critical information assets. Regular and systematic backups are conducted to protect against potential data loss or corruption. This proactive approach ensures that vital data remains secure and accessible in the event of unforeseen incidents.
47 Previous year figures
Previous year figures have been reworked, regrouped, rearranged and reclassified wherever necessary.
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