n. Provisions, Contingent Liabilities and Contingent Assets

Contingent liabilities as defined in Ind AS 37 “Provisions, Contingent Liabilities and
Contingent Assets” are disclosed by way of notes to accounts. Provision is made if it
becomes probable that an outflow of future economic benefits will be required for an item
previously dealt with as a contingent liability.

o. Statement of Cash flow

Cash flows are reported using the indirect method, whereby the net profit before tax is
adjusted for the effects of transactions of a non-cash nature and any deferrals or accruals
of the past or future cash receipts or payments. The cash flows from regular revenue
generating, investing & financing activities of the company are segregated.

p. Statutory Reserve and Provision of Standard Assets

A Statutory Reserve of 20% of the current profit after tax is made during the year in
pursuance of section 45-IC of the Reserve Bank of India Act, 1934.

Provision is made @ 0.25% of Standard assets which includes secured and unsecured
loans granted to companies and other entities.

q. Prudential Norms

For the purpose of identifying the assets as non-performing assets in pursuance of Non¬
Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998, the
Company follows generally accepted accounting principles and industry practices.

r. Impairment Allowance

The Entity has provided Impairment allowance on Loans and Advances by following
Expected Credit Loss model (ECL) as specified under Ind AS 109.

s. Taxation

Current tax comprises amount of tax payable in respect of the taxable income or loss for
the year determined in accordance with Income Tax Act, 1961 and any adjustment to the
tax payable or receivable in respect of previous years. The Company’s current tax is
calculated using tax rates that have been enacted or substantively enacted by the end of the
reporting period.

Deferred tax assets and liabilities are recognized for the future tax consequences of
temporary differences between the carrying values of assets and liabilities and their
respective tax bases. Deferred tax liabilities and assets are measured at the tax rates that
are expected to apply in the period in which the liability is settled or the asset realised,
based on tax rates (and tax laws) that have been enacted or substantively enacted by the
end of the reporting period. The measurement of deferred tax liabilities and assets reflects
the tax consequence that would follow from the manner in which the Company expects, at
the end of the reporting period, to recover or settle the carrying amount of its assets and
liabilities.

None of the Creditors have informed the Company as regards their Registration credentials
under the MSME Law.

(There is no amount Payable to Micro, Small and Medium Enterprises)

(There is no Interest payable along with the payment made to the supplier beyond the
appointed day during each accounting year)

(There is no interest due and payable for the period of delay in making payment (which has
been paid but beyond the appointed day during the year) but without adding the interest
specified under the Micro, Small and Medium Enterprises Development Act, 2006)

There is no amount of interest accrued and remaining unpaid at the end of each accounting
year; and

There is no amount of further interest remaining due and payable even in the succeeding
years, until such date when the interest dues above are actually paid to the small enterprise,
for the purpose of disallowance of a deductible expenditure under section 23 of the Micro,
Small and Medium Enterprises Development Act, 2006.

Note 17 DEFERRED TAX LIABILITIES

The Company has accounted for taxes on income in accordance with Ind AS-12 - Accounting
for Taxes on Income issued by the Institute of Chartered Accountants of India. Consequently,
the net incremental deferred tax (liability) / asset is charged / credited to Profit and Loss
Account. The year end position of taxes on income is as under:

Capital management

The Company has only equity capital. The Company operates as an Investment Company
and Loan Company and consequently is registered as a Non-Banking Financial Institution -
Investment and Credit Company (NBFC-ICC) with Reserve Bank of India (RBI). As per
RBI’s ‘Scale Based Regulations’ (SBR), the Company is classified as NBFC - Base Layer
(NBFC-BL).

The funds are currently invested in equity, debt, money market and other instruments or
given as loan depending on economic conditions in line with Investment Policy set by the
Management. Safety of capital is of prime importance to ensure availability of capital for
operations. Investment objective is to provide safety and adequate return on the surplus
funds.

No changes were made in the objectives, policies and processes of capital management
during the year.

Note 25 In the opinion of the Directors balances in Loans and Advances & Current Assets
Debtors and Creditors have a value on realization of current assets in the ordinary
course of business would not be less than the amount at which they are stated in the
Balance sheet according to the management provision for all the loans and liabilities
adequate. Balances in Loans, and advances and current assets are subject to
confirmation & reconciliation.

Note 26 Auditors’ remuneration in accordance with paragraph 5A (j) of part II of Schedule III
to the Companies Act 2013 is as under:

Note 30 The Company is mainly engaged in the business of providing finance and dealing in
shares and securities. All other activities of the Company revolve around the main
business, and as such in the opinion of the management, there is no separate reportable
segment as per IND AS 108 on ‘Operating Segments’ in respect of the Company.

The Company operates in single segment only. There are no operations outside India
and hence there is no external revenue or assets which require disclosure.

Note 31 Loans and advances given to the employees and associates and for projects do not
carry any stipulation as to repayment of principal or payment of interest; and are being
repaid periodically. Accordingly, these are considered as good and not considered as
part of non-performing assets.

Note 32 The management has made full inquiries and is of the view that assets of the Company
in form of fixed assets and Inventories are good in nature, and are stated at appropriate
value of the respective assets; and there is no necessity as to impairment / write down
provision in the accounts.

Note 33 Disclosure of Provisions as required by IND-AS-37 is as under:

2 Disclosure pursuant to Note no. 6(V) of Part I of Schedule III to the Companies Act
2013

Where in respect of an issue of securities made for a specific purpose, the whole or part of
the amount has not been used for the specific purpose at the balance sheet date, indicate
below how such unutilized amounts have been used or invested.

Not Applicable

3 Disclosure pursuant to Note no. 6(W) of Part I of Schedule III to the Companies
Act 2013

If, in the opinion of the Board, any of the assets other than fixed assets and non-current
investments do not have a value on realization in the ordinary course of business at least
equal to the amount at which they are stated, the fact that the Board is of that opinion,
shall be stated.

Note 40 The Company has a process whereby periodically all long-term contracts are assessed
for material foreseeable losses. At the year end, the Company has reviewed and
ensured that adequate provision as required under any law / accounting standards for
material foreseeable losses, including derivatives, on such long-term contracts has
been made in the books of account.

Note 41 The Company has reviewed its pending litigations and proceedings and has adequately
provided for where Provisions are required and disclosed the contingent liabilities
where applicable, in its financial statements. The Company does not expect the
outcome of these proceedings to have a materially adverse effect on its financial
results.

Note 42 The previous year’s figures are regrouped / rearranged / reclassified wherever
considered necessary to correspond with the figures of current year.

Note 43 As required by paragraph 32 of 'Ind AS' - 101 net profit reconciliation between the
figures reported under Previous GAAP and 'Ind-AS' is not applicable for previous year
ending 31.03.2026.

Note 45 Disclosure pursuant to Reserve Bank of India Notification RBI/DOR/2023-24/106
Master Direction - Reserve Bank of India (Non-Banking Financial Company - Scale
Based Regulation) Directions, 2023 DOR.FIN.REC.NO.45/03.10.119/2023-24

updated as on 21 March 2024

Note 46 Disclosure of Loans to Directors, Senior Officers and Relatives of Directors- pursuant
to Reserve Bank of India Notification RBI/DOR/2023-24/106 Master Direction -
Reserve Bank of India (Non-Banking Financial Company - Scale
Based Regulation) Directions, 2023 DOR.FIN.REC.NO.45/03.10.119/2023-24

updated as on 21 March 2024

Note 48 The Notes referred to in the Balance Sheet and Statement of Profit and Loss Account
form an integral part of the Accounts.

Note 49 The Company has borrowings from Banks or financial institutions against pledge of
Stock of Shares, which do not require to submit the Quarterly Stock Statement to bank
or financial institutions. So, disclosure of any discrepancies or reconciliation of
discrepancies is not required.

Note 50 The Company does not have any benami property and no proceedings have been
initiated or are pending against the company for holding any benami property under
the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made
thereunder.

Note 51 There have been no events after the reporting date that require disclosure in these
financial statements.

Note 52 Company do not have any transactions with companies struck off under section 248 of
Companies Act, 2013 or section 560 of Companies Act,1956, hence disclosure to that
effect is not required.

Note 53 There are no charges or satisfaction yet to be registered with Register of Companies
(ROC) beyond the statutory period.

Note 54 Company is not declared wilful defaulter by any bank, financial institution or other
lender, hence disclosure to that effect is not required.

Note 55 There is no such scheme of Arrangements has been approved by the Competent
Authority in terms of Section 230 to 237 of the Companies Act. 2013.

Note 57 Company has not traded or invested in Crypto Currency or Virtual Currency during the
financial year, has disclosure is not required to that effect.

Note 58 Disclosure of details as required in terms of Reserve Bank of India (Non-Banking
Financial Companies - Financial Statements: Presentation and Disclosures) Directions,
2025:

Note 59 The Company has complied with the number of layers prescribed under clause (87) of
section 2 of the Act read with companies (Restriction on number of Layers) Rules,

2017.

Note 60 Utilisation of Borrowed funds and share premium:

A. Where company has advanced or loaned or invested funds (either borrowed funds
or share premium or any other sources or kind of funds) to any other person(s) or
entity(ies), including foreign entities (Intermediaries) with the understanding
(whether recorded in writing or otherwise) that the Intermediary shall

i) 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

ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries;

the company shall disclose the following: -

(I) date and amount of fund advanced or loaned or invested in
Intermediaries with complete details of each Intermediary.

(II) There is no such scheme of Arrangements has been approved by

the Competent Authority in terms of Section 230 to 237 of the
Companies Act. 2013. Not

(III) date and amount of guarantee, security or the like provided to or Applicable
on behalf of the Ultimate Beneficiaries

(IV) declaration that relevant provisions of the Foreign Exchange
Management Act, 1999 (42 of 1999) and Companies Act has been
complied with for such transactions and the transactions are not
violate of the Prevention of Money-Laundering act, 2002 (15 of
2003).;

B. Where a company has 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

i) 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

ii) provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries

the company shall disclose the following: -

(I) date and amount of fund received from Funding parties with
complete details of each Funding party.

(II) date and amount of fund further advanced or loaned or invested

other intermediaries or Ultimate Beneficiaries along with
complete details of the other intermediaries’ or ultimate
beneficiaries. Not

(III) date and amount of guarantee, security or the like provided to or Applicable
on behalf of the Ultimate Beneficiaries

(IV) declaration that relevant provisions of the Foreign Exchange
Management Act, 1999 (42 of 1999) and Companies Act has been
complied with for such transactions and the transactions are not
violate of the Prevention of Money-Laundering act, 2002 (15 of
2003)1

Note 68 Additional Regulatory Information(i) Title deeds of Immovable Properties not held in name of the Company

The company shall provide the details of all the immovable property (other than
properties where the Company is the lessee and the lease agreements are duly
executed in favour of the lessee) whose title deeds are not held in the name of the
company in following format and where such immovable property is jointly held with
others, details are required to be given to the extent of the company‘s share.

(ii) The company shall disclose as to whether the fair value of investment property
(as measured for disclosure purposes in the financial statements) is based on the
valuation by a registered valuer as defined under rule 2 of Companies
(Registered Valuers and Valuation) Rules, 2017.

(iv) Where the Company has revalued its Intangible assets, the company shall disclose as
to whether the revaluation is based on valuation by a Registered Valuer as defined
under rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017.

(vi) Capital-Work-in Progress (CWIP)

(a)For Capital-work-in progress, following ageing schedule shall be given: CWIP
aging schedule

* Total shall tally with the amount of Intangible assets under development in the
balance sheet.

(b) For Intangible assets under development, whose completion is overdue or has
exceeded its cost compared to its original plan, following Intangible assets under
development completion schedule shall be given**:

(viii) Details of Benami Property held

Where any proceedings have been initiated or pending against the company for
holding any benami property under the Benami Transactions (Prohibition) Act, 1988
(45 of 1988) and rules made thereunder, the company shall disclose the following: -

(a) Details of such property,

(b) Amount thereof,

(c) Details of Beneficiaries,

(d) If property is in the books, then reference to the item in the Balance Sheet,

(e) If property is not in the books, then the fact shall be stated with reasons,

(f) Where there are proceedings against the company under this law as an
abetter of the transaction or as the transferor then the details shall be provided.

(g) Nature of proceedings, status of same and company‘s view on same.

(ix) Where the Company has borrowings from banks or financial institutions on the
basis of security of current assets, it shall disclose the following:-

(a) whether quarterly returns or statements of current assets filed by the Company
with banks or financial institutions are in agreement with the books of accounts,

(b) if not, summary of reconciliation and reasons of material discrepancies if
any to be adequately disclosed

(x) Wilful Defaulter*

Where a company is a declared wilful defaulter by any bank or financial institution or
other lender, following details shall be given, namely: -

(a) date of declaration as wilful defaulter,

(b) details of defaults (amount and nature of defaults).

*Wilful defaulter” here means a person or an issuer who or which is categorized as a
wilful defaulter by any bank or financial institution (as defined under the Companies
Act, 2013) or consortium thereof, in accordance with the guidelines on wilful
defaulters issued by the Reserve Bank of India.

(xi) Relationship with Struck off Companies

Where the company has any transactions with the companies struck off under section
248 of Companies Act, 2013 or section 560 of Companies Act, 1956, the Company
shall disclose the following details, namely:-

(xii) Registration of charges or satisfaction with Registrar of Companies (ROC)

Where any charges or satisfaction yet to be registered with ROC beyond the statutory
period, details and reasons thereof shall be disclosed.

(xiii) Compliance with number of layers of companies

Where the company has not 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, the name and CIN of the companies beyond the specified layers
and the relationship/extent of holding of the company in such downstream companies
shall be disclosed.

Note 69 Other information pursuant to General Instructions for preparation of Balance
Sheet and Profit & Loss Account of Schedule III to the Companies Act 2013 is
not applicable.