2.12. Provisions, contingent liabilities and contingent assets
A provision is recognised when the Company has a present obligation (legal or constructive) as a result of past event
and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable
estimate can be made. Provisions are measured at the best estimate of the expenditure required to settle the present
obligation at the Balance Sheet date.
If the effect of time value of money is material, provisions are discounted using a current pre-tax rate that reflects,
when appropriate, the risk specific to the liability. When discounting is used, the increase in the provision due to the
passage of time is recognized as a finance cost. These are reviewed at each balance sheet date and adjusted to reflect
the current best estimates.
A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may,
but probably will not require an outflow of resources. When there is a possible obligation or a present obligation in
respect of which likelihood of outflow of resources is remote, no provision or disclosure is made.
The Company does not recognize a contingent asset but discloses its existence in the Standalone Financial Statements
if the inflow of economic benefits is probable. However, when the realisation of income is virtually certain, then the
related asset is no longer a contingent asset, but it is recognised as an asset.
Provisions, contingent liabilities, contingent assets and commitments are reviewed at each balance sheet date.
2.13. Earnings per share
Basic earnings per share is computed using the net profit for the year attributable to the shareholders' and weighted
average number of shares outstanding during the year. The weighted average numbers of shares also includes fixed
number of equity shares that are issuable on conversion of compulsorily convertible preference shares, debentures or
any other instrument, from the date consideration is receivable (generally the date of their issue) of such instruments.
Diluted earnings per share is computed using the net profit for the year attributable to the shareholder' and weighted
average number of equity and potential equity shares outstanding during the year including share options, convertible
preference shares and debentures, except where the result would be anti-dilutive. Potential equity shares that are
converted during the year are included in the calculation of diluted earnings per share, from the beginning of the year
or date of issuance of such potential equity shares, to the date of conversion.
2.14. Cash and cash equivalent
Cash and cash equivalents include cash in hand, bank balances, deposits with banks (other than on lien) and all short¬
term and highly liquid investments that are readily convertible into known amounts of cash and are subject to an
insignificant risk of changes in value.
For the purpose of cash flow statement, cash and cash equivalent as calculated above also includes outstanding bank
overdrafts as they are considered an integral part of the Company's cash management.
2.15. Cash flow statement
Cash flows are reported using the indirect method, where by net profit before tax is adjusted for the effects of
transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments
and item of income or expenses associated with investing or financing cash flows. The cash flows from operating,
investing and financing activities are segregated.
2.16. Segment Reporting
Operating segments have been identified taking into account the nature of the products / services, geographical
locations, nature of risks and returns, internal organization structure and internal financial reporting system. The
Company prepares its segment information in conformity with the accounting policies adopted for preparing and
presenting the Standalone Financial Statements of the Group as a whole. These operating results are regularly
reviewed by the company's Chief Operating Decision Maker (“CODM").
2.17. Financial instruments
A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity
instrument of another entity.
Initial recognition and measurement
Financial assets and financial liabilities are initially measured at fair value except for trade receivables that are initially
measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial
assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss)
are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial
recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair
value through profit or loss are recognized immediately in the statement of profit or loss.
2.17.1. Financial assets
Subsequent measurement:
For subsequent measurement, the Company classifies a financial asset in accordance with the below criteria:
• The Company's business model for managing the financial asset and
• The contractual cash flow characteristics of the financial asset.
Based on the above criteria, the Company classifies its financial assets into the following categories:
a. Financial assets at amortized cost (debt instruments)
b. Financial assets at fair value through other comprehensive income (FVTOCI) with recycling of cumulative gains
and losses (debt instruments)
c. Financial assets at fair value through profit or loss (FVTPL)
d. Financial assets measured at fair value through other comprehensive income (FVTOCI) with no recycling of
cumulative gains and losses upon derecognition (equity instruments)
Financial assets measured at amortized cost:
A financial asset is measured at the amortized cost if both the following conditions are met:
i) The Company's business model objective for managing the financial asset is to hold financial assets in order to
collect contractual cash flows, and
ii) The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments
of principal and interest on the principal amount outstanding
This category applies to cash and bank balances, trade receivables, loans and other financial assets of the Company. Such
financial assets are subsequently measured at amortized cost using the effective interest method. Under the effective
interest method, the future cash receipts are exactly discounted to the initial recognition value using the effective interest
rate. The cumulative amortization using the effective interest method of the difference between the initial recognition
amount and the maturity amount is added to the initial recognition value (net of principal repayments, if any) of the
financial asset over the relevant period of the financial asset to arrive at the amortized cost at each reporting date. The
corresponding effect of the amortization under effective interest method is recognized as interest income over the relevant
period of the financial asset. The same is included under other income in the Statement of Profit and Loss.
The amortized cost of a financial asset is also adjusted for loss allowance, if any.
Investments in equity instruments at FVTOCI
On initial recognition, the Company can make an irrevocable election (on an instrument-by-instrument basis) to present
the subsequent changes in fair value in other comprehensive income pertaining to investments in equity instruments. This
election is not permitted if the equity investment is held for trading. These elected investments are initially measured at
fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising from changes
in fair value recognised in other comprehensive income and accumulated in the 'Reserve for equity instruments through
other comprehensive income'. The cumulative gain or loss is not reclassified to profit or loss on disposal of the investments.
Financial assets at fair value through profit or loss (FVTPL)
Investments in equity instruments are classified as at FVTPL, unless the Company irrevocably elects on initial recognition to
present subsequent changes in fair value in other comprehensive income for investments in equity instruments which are
not held for trading.
Financial assets at FVTPL are measured at fair value at the end of each reporting period, with any gains or losses arising
on re-measurement recognized in profit or loss. The net gain or loss recognized in profit or loss incorporates any dividend
or interest earned on the financial asset and is included in the 'Other income' line item. Dividend on financial assets at
FVTPL is recognized when the Company's right to receive the dividends is established, it is probable that the economic
benefits associated with the dividend will flow to the entity, the dividend does not represent a recovery of part of cost of
the investment and the amount of dividend can be measured reliably.
Effective interest method
The effective interest method is a method of calculating the amortized cost of a debt instrument and of allocating interest
income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts
(including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and
other premiums or discounts) through the expected life of the debt instrument, or, where appropriate, a shorter period, to
the gross carrying amount on initial recognition.
Income is recognized on an effective interest basis for debt instruments other than those financial assets classified as at
FVTPL. Interest income is recognized in profit or loss and is included in the “Other income" line item.
Impairment of financial assets
The Company recognizes loss allowances using the expected credit loss (ECL) model based on 'simplified approach' for the
financial assets which are not fair valued through profit or loss. Loss allowance for trade receivables with no significant
financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses
are measured at an amount equal to the twelve-month ECL, unless there has been a significant increase in credit risk from
initial recognition in which case those are measured at lifetime ECL. The amount of expected credit losses (or reversal) that
is required to adjust the loss allowance at the reporting date to the amount that is required to be recognized is recognized
as an impairment gain or loss in statement of profit and loss.
De-recognition of financial asset
The Company de-recognizes a financial asset when the contractual rights to the cash flows from the asset expire, or when
it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party. If the
Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the
transferred asset, the Company recognises its retained interest in the asset and an associated liability for amounts it may
have to pay. If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset,
the Company continues to recognize the financial asset and also recognizes a collateralized borrowing for the proceeds
received.
On de-recognition of a financial asset in its entirety, the difference between the asset's carrying amount and the sum of the
consideration received and receivable and the cumulative gain or loss that had been recognised in other comprehensive
income and accumulated in equity is recognised in profit or loss if such gain or loss would have otherwise been recognised
in profit or loss on disposal of that financial asset.
On de-recognition of a financial asset other than in its entirety (e.g. when the Company retains an option to repurchase
part of a transferred asset), the Company allocates the previous carrying amount of the financial asset between the part it
continues to recognize under continuing involvement, and the part it no longer recognises on the basis of the relative fair
values of those parts on the date of the transfer. The difference between the carrying amount allocated to the part that is
no longer recognised and the sum of the consideration received for the part no longer recognised and any cumulative gain
or loss allocated to it that had been recognised in other comprehensive income is recognised in profit or loss if such gain
or loss would have otherwise been recognised in profit or loss on disposal of that financial asset. A cumulative gain or loss
that had been recognised in other comprehensive income is allocated between the part that continues to be recognised
and the part that is no longer recognized on the basis of the relative fair values of those parts.
Investment in subsidiary:
The Company has elected to recognize its investments in subsidiary at cost in accordance with the option available in
Ind AS 27, 'Separate Financial Statements'. Investments in subsidiaries are carried at cost less accumulated impairment
losses, if any. Where an indication of impairment exists, the carrying amount of the investment is assessed. Where the
carrying amount of an investment is greater than its estimated recoverable amount, it is written down immediately to its
recoverable amount and the difference is transferred to the Statement of Profit and Loss. On disposal of investment, the
difference between the net disposal proceeds and the carrying amount is charged or credited to the Statement of Profit
and Loss.
2.17.2. Financial Liability and equity instrument
Classification as debt or equity
Debt and equity instruments issued by the Company are classified as either financial liabilities or as equity in
accordance with the substance of the contractual arrangements and the definitions of a financial liability and an
equity instrument.
Equity instruments
An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all
of its liabilities. Equity instruments issued by the Company are recognised at the proceeds received, net of direct
issue costs. Repurchase of the Company's own equity instruments is recognised and deducted directly in equity. No
gain or loss is recognised in profit or loss on the purchase, sale, issue or cancellation of the Company's own equity
instruments.
Financial liabilities
All financial liabilities are subsequently measured at amortised cost using the effective interest method or at FVTPL.
However, financial liabilities that arise when a transfer of a financial asset does not qualify for de-recognition or when
the continuing involvement approach applies, financial guarantee contracts issued by the Company, and commitments
issued by the Company to provide a loan at below-market interest rate are measured in accordance with the specific
accounting policies set out below.
Financial liabilities at FVTPL
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities
designated upon initial recognition as at fair value through profit or loss.
A financial liability is classified as held for trading if:
• it has been incurred principally for the purpose of repurchasing it in the near term; or
• on initial recognition it is part of a portfolio of identified financial instruments that the Company manages
together and has a recent actual pattern of short-term profit-taking; or
• it is a derivative that is not designated and effective as a hedging instrument.
A financial liability other than a financial liability held for trading may also be designated as at FVTPL upon initial
recognition if:
• such designation eliminates or significantly reduces a measurement or recognition inconsistency that would
otherwise arise; or
• the financial liability forms part of a group of financial assets or financial liabilities or both, which is managed
and its performance is evaluated on a fair value basis, in accordance with the Company's documented risk
management or investment strategy, and information about the grouping is provided internally on that basis; or
• it forms part of a contract containing one or more embedded derivatives, and Ind AS 109 permits the entire
combined contract to be designated as at FVTPL in accordance with Ind AS 109.
Financial liabilities at FVTPL are stated at fair value, with any gains or losses arising on remeasurement recognised
in the statement of profit and loss, except for the amount of change in the fair value of the financial liability that is
attributable to changes in the credit risk of that liability which is recognised in other comprehensive income.
The net gain or loss recognised in the statement of profit and loss incorporates any interest paid on the financial
liability
Financial liabilities subsequently measured at amortised cost
Financial liabilities that are not held-for-trading and are not designated as at FVTPL are measured at amortised
cost at the end of subsequent accounting periods. The carrying amounts of financial liabilities that are subsequently
measured at amortised cost are determined based on the effective interest method. Interest expense that is not
capitalised as part of costs of an asset is included in the 'Finance costs' line item.
The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating
interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated
future cash payments (including all fees and points paid or received that form an integral part of the effective interest
rate, transaction costs and other premiums or discounts) through the expected life of the financial liability or (where
appropriate) a shorter period, to the gross carrying amount on initial recognition.
Financial guarantee contracts
A financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the
holder for a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms
of a debt instrument.
Financial guarantee contracts issued by the Company are initially measured at their fair values and, if not designated
as at FVTPL, are subsequently measured at the higher of:
• the amount of loss allowance determined in accordance with impairment requirements of Ind AS 109; and
• the amount initially recognised less, when appropriate, the cumulative amount of income recognised in
accordance with the principles of Ind AS 115.
Compound financial instruments
The liability component of a compound financial instrument is recognized initially at fair value of a similar liability
that does not have an equity component. The equity component is recognized initially as the difference between the
fair value of the compound financial instrument as a whole and the fair value of the liability component. Any directly
attributable transaction costs are allocated to the liability and the equity components, if material, in proportion to
their initial carrying amounts.
Subsequent to the initial recognition, the liability component of a compound financial instrument is measured at
amortized cost using the effective interest rate method. The equity component of a compound financial instrument
is not re-measured subsequent to initial recognition except on conversion or expiry.
Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a
currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to
realise the assets and settle the liabilities simultaneously.
Reclassification
The Company determines classification of financial assets and liabilities on initial recognition. After initial recognition,
no reclassification is made for financial assets which are equity instruments and financial liabilities. For financial assets
which are debt instruments, a reclassification is made only if there is a change in the business model for managing
those assets. Changes to the business model are expected to be infrequent. The management determines change
in the business model as a result of external or internal changes which are significant to the Company's operations.
A change in the business model occurs when the Company either begins or ceases to perform an activity that is
significant to its operations. If the Company reclassifies financial assets, it applies the reclassification prospectively
from the reclassification date which is the first day of the immediately next reporting period following the change in
business model. The Company does not restate any previously recognised gains, losses (including impairment gains
or losses) or interest.
2.17.3. Fair value measurement
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. A fair value measurement assumes that the transaction
to sell the asset or transfer the liability takes place either in the principal market for the asset or liability or in the
absence of a principal market, in the most advantageous market for the asset or liability. The principal market or the
most advantageous market must be accessible to the Company.
The fair value of an asset or a liability is measured using the assumptions that market participants would use when
pricing the asset or liability, assuming that market participants act in their economic best interest.
A fair value measurement of a non-financial asset takes into account a market participant's ability to generate
economic benefits by using the asset in its highest and best use or by selling it to another market participant that
would use the asset in its highest and best use
The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data
are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of
unobservable inputs.
All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within
the fair value hierarchy based on the lowest level input that is significant to the fair value measurement as a whole.
The fair value hierarchy is described as below:
• Level 1 - unadjusted quoted price in active markets for identical assets and liabilities.
• Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability,
either directly or indirectly
• Level 3 - unobservable inputs for the asset or liability
For assets and liabilities that are recognised in the financial statements at fair value on a recurring basis, the Company
determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation 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 fair value hierarchy.
2.18. Use of material accounting estimates, judgements and assumptions
The preparation of these Standalone Financial Statements in conformity with the recognition and measurement principles of
Ind AS requires management to make estimates and assumptions that affect the reported balances of assets and liabilities,
disclosure of contingent liabilities as on the date of Standalone Financial Statements and reported amounts of income and
expenses for the periods presented. The Company based its assumptions and estimates on parameters available when the
Standalone Financial Statements were prepared. Estimates and underlying assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates are recognized in the period in which the estimates are revised and future periods are
affected.
Key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
year. Significant estimates and critical judgement in applying these accounting policies are described below:
i) Impairment of financial assets:
ii) Estimation of provisions and contingent liabilities
iii) Income taxes:
iv) Impairment of non-financial assets:
2.19. Recent Pronouncements
Ministry of Corporate Affairs (“MCA") notifies new standards of amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to time. For the year ended March 31, 2025, MCA has not modified
any new standards or amendments to the existing standards applicable to the Company.
25 Corporate Social Responsibility
Disclosure as required under Section 135 of Companies Act, 2013, read with Companies (Corporate Social Policy) Rules,
2014 is as under:
Gross amount required to be spent by the Company during the year Rs. Nil (Previous year: Rs. Nil).
On account of losses incurred in the earlier years, the Company is not required to contribute towards Corporate Social
Responsibility (CSR) as per section 135 of the Companies Act, 2013.
26 Employee benefits
Since the number of employees are lower than the prescribed number required for registration of provident fund,
employees state insurance scheme contribution and gratuity and hence the the provision for said Act is not application to
the Company. Further, the Company has not extended any short term or long term benefits to the employee and hence no
disclosures are applicable for the current year as well as the previous year.
27 Contingent liabilities and Commitments
As on March 31, 2025 (PY: Nil), the Company does not have any contingent liabilities, capital and other commitments.
30 Segment Reporting:
Based on the guiding principles given in Ind AS 108 'Operating Segments' prescribed under Section 133 of the Companies
Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India, the
Company is now primarily engaged in the business of digital media and advertising agency. As the business fall within a
single primary business segment, the disclosure requirements of Ind AS 108 in this regard are not applicable
Information related to secondary segment i.e., geographical are given below:
(c) Major customers
During the year, the Group has three customer amounting to Rs. 261.55 Lakhs which accounts for more than 10%
of the Group's total revenue for the year ended March 31, 2025. In the previous year, the Group does not have any
revenue from operation.
31 Leases:
As per Ind AS -116 'Leases', the disclosure of transactions with the respect to lease of premises is disclosed as follows:
Assets taken:
(a) The Company has taken office premises on operating Lease which is considered short term leases and low value
asset and accordingly lease rent of Rs. 0.90 Lakhs (P.Y. Rs. 0.39 Lakhs) pertaining to has been charged to Standalone
Statement of Profit and Loss.
(b) The Company does not have any contingent lease rental expenses/ income.
32 During the year, the Company has amended object clause in Memorandum of Association (MOA) to start the new business
acitivty i.e., digital media and advertising agency and discontinued the earlier business activity i.e. retail and wholesaler
of sale of goods and accordingly, the earlier business opearation has has been disclosed as discontinued opearation as per
Ind AS 105 'Non-current Assets Held for Sale and Discontinued Operations'. Further, there were no operations relating to
the discontinued business opearations, no additional material disclosures / details are required other than those already
presented in the Standalone Financial Statements.
33 Scheme of Arrangement
During the year, the Board of Directors of Company has approved the proposed scheme of arrangement (“the Scheme")
between Mobavenue Media Private Limited (“Transferor Company") and Lucent Industries Limited (“Transferee Company" or
“the Company") under Sections 230 to 232 of the Companies Act, 2013 (“the Act") read with other applicable provisions of
the act together with the rules and regulations. The same has been filed with stock exchange (BSE Limited) for the purpose of
approval. Post receipt of approval of stock exchange the same will be filed with NCLT for further process. Pending approval, no
accounting effect of the said scheme has been given in the books of accounts during the year.
34 Related Party Disclosures
Disclosures as required by the Indian Accounting Standard 24 (Ind AS-24) “Related Party Disclosures" are given below:
Note: Fair value of financial assets measured at amortized cost are broadly in line with the carrying amount in the books of
the Company.
37.2 Fair Value Hierarchy
The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are whether
observable or unobservable and consists of the following three levels:
Level Nature of Inputs
Level 1 Inputs are quoted prices (unadjusted) in active markets for identical assets and liabilities
Level 2 Inputs are other than quoted prices included within level 1 that are observable for the asset or liability either
directly (i.e. prices) or indirectly (i.e. derived from prices).
Level 3 Inputs are not based on observable market data unobservable inputs. Fair value are determined in whole or
in part using a valuation model based on assumptions that are neither supported by prices from observable
current market transactions in the same instrument nor are they based on available market data.
Notes:
(a) There has been no transfer between level 1 and level 2 during the year ended March 31, 2025 and March 31, 2024.
(b) During the current as well as previous year, no financial instruments has been valued using level 3 inputs and hence
disclosed with respect to observable inputs of level 3 and its reconciliation are not applicable.
38 Financial Risk Management:
The Holding Company's Board of Directors has overall responsibility for the establishment and oversight of the Group's risk
Management framework. The Group'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
Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive
control environment in which all employees understand their roles and obligations.
38.1 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 conditions. Market risk comprises three types of risk: interest rate risk, credit and default risk and liquidity risk.
Financial instruments affected by market risk include investments, loans, trade receivables, borrowings, trade payables and
and other financial liabilities.
38.2 Interest Risk:
Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the
risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Cash flow
interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate because of
fluctuations in the interest rates.
38.3 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, primarily for trade receivables and
deposits with banks and other financial assets."
Trade receivables
Customer credit risk is managed based on the Company's established policy, procedures and control relating to customer
credit risk management. The Company evaluates the concentration of risk with respect to trade receivables as low.
Outstanding customer receivables are regularly monitored by the management. The Company has used expected credit
loss (ECL) model for assessing the impairment loss. For the purpose, the company has used a provision matrix to compute
the expected credit loss amount. The provision matrix takes into account external and internal risk factors and historical
data of credit losses.
41 Additional Regulatory Information pursuant General Instructions for preparation of Balance Sheet as given in Part I of
Division II of Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those
given elsewhere in any other notes to the Standalone Financial Statements:
41.1 The Company does not have any Benami property and no proceedings have been initiated or is pending against the Company
for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder
41.2 During the year, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or
any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities
(“Intermediaries"), with the understanding, whether recorded in writing or otherwise, 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.
Further, no funds have been received by the Company from any person(s) or entity(ies), including foreign entities (“Funding
Parties"), 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.
41.3 The Company has not been sanctioned any working capital facility and taken any borrowing from banks or financial
institutions during the year as well as previous year. Accordingly, there is no requirement for filing of quarterly returns or
statements by the Company with the banks or financial institutions
41.4 The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful
defaulter at any time during the financial year or after the end of reporting period but before the date when the Standalone
Financial Statements are approved.
41.5 During the current as well as previous year, no loans or advances has been granted to promoters, directors, KMPs and the
related parties, which are (a) repayable on demand or (b) without specifying any terms or period of repayment.
41.6 The Company does not have any charges or satisfaction yet to be registered with the registrar of companies(ROC) beyond
the statutory period as at March 31, 2025 and March 31, 2024.
41.7 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.
41.8 The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013
or section 560 of Companies Act, 1956.
41.9 The Company does not have any such transaction which is not recorded in the books of account that has been surrendered
or disclosed as income during the year as well as previous year in the tax assessments under the Income Tax Act, 1961.
41.10The Company has not traded or invested in Crypto currency or Virtual Currency during the year as well as previous year.
41.11 The Company has not entered into any scheme of arrangements in terms of sections 230 to 237 of the Companies Act,
2013.
(a) Inventory turnover ratio are not applicable to the Company
(b) As disclosed in note 32, during the year the company has started the new business acitivty i.e., digital media and advertising
agency and accordingly business opearation has been started during the year and hence ratio for the current year is not
comparable with previous year.
42 Additional Information as required by para 7 of General Instructions for preparation of Statement of Profit and Loss
(other than already disclosed above) are either Nil or Not Applicable.
The accompanying notes 1 to 42 form an integral part of the Standalone Financial Statements.
As per our attached report on even date.
For Goenka Mehta & Associates For N. A. Shah Associates LLP For and on behalf of the Board of Directors of
Chartered Accountants Chartered Accountants Lucent Industries Limited
FRN:129445W FRN:.116560W / W100149
CA Gaurav Mehta CA Prashant Daftary Ishank Joshi Tejas Rathod
Partner Partner Managing Director Director & CFO
M. No.: 130401 M. No.:117080 DIN: 05289924 DIN: 07111110
Manali Gohil
Company Secretary
M. No. 64629
Place: Rajkot Place: Mumbai Place: Mumbai
Date : June 3, 2025 Date : June 3, 2025 Date : June 3, 2025
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