l. Provisions, contingent liabilities and contingent
assets
Provisions are recognized only when there is a present obligation,
as a result of past events, and when a reliable estimate of the
amount of obligation can be made at the reporting date. These
estimates are reviewed at each reporting date and adjusted to
reflect the current best estimates. Provisions are discounted to
their present values, where the time value of money is material.
Contingent liability is disclosed for:
i. Possible obligations which will be confirmed only by future
events not wholly within the control of the Company; or
ii. Present obligations arising from past events where it is not
probable that an outflow of resources will be required to
settle the obligation or a reliable estimate of the amount of the
obligation cannot be made.
Contingent assets are neither recognized nor disclosed.
However, when realization of income is virtually certain, related
asset is recognized.
m. Cash flow statement
The Cash flow statement is prepared as per the Indirect Method.
Cash flow statement present the cash flows by operating,
financing and investing activities of the Company. Operating
cash flows are arrived by adjusting profit or loss before tax for
the effects of transactions of a non-cash nature, any deferrals or
accruals of past or future operating cash receipts or payments,
and items of income or expense associated with investing or
financing cash flows.
n. Exceptional Items
Exceptional items are transactions which due to their size or
incidence are separately disclosed to enable a full understanding
of the Company's financial performance. Items which may be
considered exceptional are significant restructuring charges,
gains or losses on disposal of investments in subsidiaries,
impairment losses/write down in value of investment in
subsidiaries, significant disposal of fixed assets etc.
o. Earnings per share
Basic earnings per share is calculated by dividing the net profit
or loss for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during
the period. Diluted EPS is determined by adjusting the profit
or loss attributable to equity shareholders and the weighted
average number of equity shares outstanding for the effects of
all dilutive potential ordinary shares.
p. Contributed equity
Equity shares are classified as equity. Incremental costs directly
attributable to the issue of new shares or options are shown in
equity as a deduction, net of tax, from the proceeds.
(b) Rights, preferences and restrictions attached to shares
The Company has only one class of equity shares having par value of Rs. 10 per share. Each shareholder is entitled to one vote per
share held. Dividend if any declared is payable in Indian Rupees.
The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after
distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.
23. Earnings per equity share (EPES)
Basic earnings per share is calculated by dividing the profit/(loss) for the year attributable to equity holders by weighted average
number of equity shares outstanding during the year.
Diluted earnings per share is calculated by dividing the profit/(loss) attributable to equity holders (after adjusting for interest on
the convertible preference shares) by weighted average number of equity shares outstanding during the year plus the weighted
average number of equity shares that would be issued on conversion of all the dilutive potential equity shares into equity shares.
24. Fair value measurements
(i) Fair value hierarchy
Financial assets and financial liabilities measured at fair value in the statement of financial position are grouped into three levels of
a fair value hierarchy. The three levels are defined based on the observability of significant inputs to the measurement, as follows:
Level 1: Quoted prices (unadjusted) in active markets for financial instruments.
Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximise the use of observable market data either directly or indirectly.
Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.
in. The Companys principal financial liabilities, comprise other payables. The main purpose of these financial liabilities is to finance
the Company's operations. The Company's principal financial assets include cash and cash equivalents and other bank balances
that derive directly from its operations. The Company also holds FVTPL investments.
The carrying amounts of trade receivables, and cash and cash equivalents are considered to be the same as their fair values, due
to their short-term nature. Difference between carrying amounts and fair values of bank deposits, other financial assets, other fi¬
nancial liabilities subsequently measured at amortised cost is not significant in each of the years presented. For all other amortised
cost instruments, carrying value represents the best estimate of fair value.
For financial assets measured at fair values, the carrying amounts are equal to the fair values.
25. Financial instruments risk management
The Company is exposed to financial risks arising from its operations and the use of financial instruments. The key financial risks
include market risk, credit risk and liquidity risk. The Company's risk management policies are established to identify and analyse
the risks faced by the Company and seek to, where appropriate, minimize potential impact of the risk and to control and monitor
such risks. There has been no change to the Company's exposure to these financial risks or the manner in which it manages and
measures the risks or the manner in which it manages and measures the risks.
The following sections provide details regarding the Company's exposure to the financial risks associated with financial instru¬
ments held in the ordinary course of business and the objectives, policies and processes for management of these risks:
A. Market risk:
Market risk is the risk of loss of future earnings, fair values or future cash flows that may results from adverse changes in market
rates (such as interest rates) or in the price of market risk-sensitive instruments as a result of such adverse changes in market rates
and prices. Market risk is attributable to all market risk-sensitive financial instruments. The Company's exposure to market risk is a
function of investing activities.
B. Credit risk
Credit risk on cash and cash equivalents is limited as the Company generally invest in deposits with banks and financial institutions
with high credit ratings assigned by international and domestic credit rating agencies. Investments primarily include investment in
liquid mutual fund units and certificate's of deposit which are funds deposited at a bank for a specified time period. None of the Com¬
pany's cash equivalents, including term deposits (i.e. certificates of deposits) were past due or impaired as at the reporting periods.
C. Liquidity risk
Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company
manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due,
under both normal and stressed conditions, without incurring unacceptable losses or risk to the Company's reputation.
The Company's principle sources of liquidity are cash and cash equivalents and current investments. The Company believes that
the working capital is sufficient to meet its current requirements. Accordingly, no liquidity risk is perceived. The Company closely
monitors its liquidity position and maintains adequate source of funding. The Company had following working capital at the end of
ronAr inn
26. Capital risk management
The Company manages its capital to ensure that it will continue as going concern while maximising the return to shareholders.
The Company manages its capital structure and make adjustment in light of changes in business condition. The overall strategy
remains unchanged as compared to last year. There is no debt in the Company as on the reporting dates presented and accord¬
ingly, gearing ratio is nil as at various reporting dates.
27. Employee benefits
(a) Gratuity
The Company provides for gratuity for employees in India as per the Payment of the Gratuity Act, 1972. Employees who are in
continuous service for a period of five years are eligible for gratuity. The amount of gratuity payable on retirement/ termination is
the employees last drawn basic salary per month computed proportionally 15 days salary multiplied for the number of the years
of service. The gratuity plan is unfunded. The assumptions used in accounting for the gratuity plan are set out below.
29. Segment reporting
The operations of the company are predominantly related to the trading in electronic products, fashion accessories and providing
related services. As such there is only one primary reportable segment as per IND AS 108 'Operating Segments'.'
30. Details of Benami Property held
The Company does not have any Benami property, where any proceeding has been initiated or pending against the company for
holding any Benami property.
31 Relationship with Struck off Companies under section 248 of the Companies Act, 2013 or section
560 of Companies Act, 1956,
The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section
560 of Companies Act, 1956.
32. Willful Defaulters
The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.
33. Registration of charges or satisfaction with Registrar of Companies
The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
34. Compliance with number of layers of companies
The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies
(Restriction on number of Layers) Rules, 2017.
35. Compliance with approved Scheme(s) of Arrangements
The company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.
36. Utilisation of Borrowed funds and share premium:
(i) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:
(a) 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
(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
(ii) 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:
(a) 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
(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
Note1: a) Improvement in current ratio is due to creation of additional fixed deposits. b) During the year, there is no exceptional ad¬
justments like reversal of impairment on Investments held by the Company.
38. Undisclosed income
The Company does not have any undisclosed income which is not recorded in the books of account that has been surrendered or
disclosed as income during the year (previous 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.
39. Corporate Social Responsibility
Provision of Section 135 of the Act is not Applicable to the Company as the Company's net worth is below Rs. 500 crore, turnover is
below Rs. 1,000 crore and net profit is less than Rs. 5 crore during immediately preceding financial year.
40. Details of Crypto Currency or Virtual Currency
The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
41. Events after the reporting period
There has been no significant subsequent events after the reporting period requiring either disclosure or adjustment to the reported
financial statements.
42. Previous year figures have been regrouped/ reclassified to confirm presentation as per Ind AS and as required by Schedule III of
the Act.
43. Approval of financial statements
The above financial statements has been approved by the Board of Directors in the board meeting held on May 28, 2025.
As per our report of even date
For MSKC & Associates LLP For and on behalf of the Board of Directors
(Formerly known as MSKC & Associates)
Chartered Accountants Paired Technologies Limited
Firm Registration No.:001595S/S000168 CIN: L72200TG1999PLC033131
Tarun Kumar Jain P. Supriya Reddy Ravichandran Rajagopal
Partner Chairperson & Managing Director Director
Membership No: 231741 DIN: 00055870 DIN: 00110930
Pinekalapati Harish Naidu Shruti Rege
Chief Financial Officer Company Secretary
Place: Hyderabad Membership No. A43523
Date: May 28, 2025
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