12) Provisions, Contingent Liabilities, Commitments and Contingent Assets

Provisions are recognized for present obligations of uncertain timing or amount arising
as a result of a past event where a reliable estimate can be made, and it is probable that
an outflow of resources embodying economic benefits will be required to settle the
obligation. Where it is not probable that an outflow of resources embodying economic
benefits will be required or the amount cannot be estimated reliably, the obligation is
disclosed as contingent liability and commitments, unless the probability of outflow of
resources embodying economic benefits is remote.

Possible obligations, whose existence will only be confirmed by the occurrence or non¬
occurrence of one or more uncertain events, are also disclosed as contingent liabilities
and commitments unless the probability of an outflow of resources embodying
economic benefits is remote. Contingent assets are neither recognized nor disclosed in
the financial statements.

13) Cash Flow Statements

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

14) Earnings Per Share

The earnings considered in ascertaining the Company's earnings per share (EPS)
comprise of the net profit after tax attributable to equity shareholders. The number of
shares used in computing basic EPS is the weighted average number of shares
outstanding during the period adjusted for events of bonus issue post period end, bonus
elements in right issue to existing shareholders, share split, and reverse share split
(consolidation of shares). The diluted EPS is calculated on the same basis as basic EPS,
after adjusting for the effect of potential dilutive equity shares unless impact is anti¬
dilutive.

B) Capital Commitment: _ _

(IV) In the opinion of the Board, Current Assets, Loans and Advances have a value on realization in the
ordinary course of business at least equal to the amount at which they are stated in the books of
accounts and provision for all known material liabilities have been made and considered adequate.

(V) Taxation

The Company has carried forward losses/unabsorbed depreciation under the Income tax Act, 1961.
However, in view of uncertainty of future taxable income of the Company, in accordance with Ind
AS-12" Income Taxes" notified in the Companies (Indian Accounting Standards) Rule 2015, the net
deferred tax assets have not been recognized in the accounts.

(VI) The Company has already started the process of identifying the Micro, Small and Medium Enterprises

as defined under the "The Micro, Small and Medium Enterprises Development Act, 2006". However,
based on the information available from the Company as of now, no enterprises have been
identified who are registered under the said Act. _____

(IX) Disclosure as required by Indian Accounting Standard (I nd AS-108) 'Segment Reporting*:

Segment Reporting: Based on the guiding principles given in Ind AS 108 "Segment Reporting"
issued by the Institute of Chartered Accountants of India, the Company's only business segment
during the year relates to "Consultancy Services". As a result, the disclosure requirements of Ind
AS are not applicable.

*The Company has given undertakings to certain financial institutions not to dispose off its investments
without their prior consent till the loans sanctioned by them to the investee companies remain
outstanding fully provided.

{XI) After the closure of plant (Black and White pictures for Black and white TV Sets), the Company entered
various business activities including manpower supply, trading in electronic goods and computer
hardware. The Board is proposing to start trading of specific Electronics Items from the next financial
year. During the year, the Company has provided consultancy services. In view of this, the management
has prepared and maintained its books of accounts on the concept of "going concern".

(XII) In the earlier years, the Company has given security in the form of a pledge up to 59.00 lakhs fully paid-
up equity shares of Rs. 10 each of Samtel Color Limited (SCL) held by the Company in favor of the bank
Acting as trustee for itself and as agent for other lenders of SCL as per the Corporate Debt Restructuring
(CDR) Scheme of SCL as approved by CDR Cell of RBI, as it has major investment in SCL and in view of the
management it would add long term value to the Company.

(XIII) 7409 partly paid Equity Shares (paid up Rs. 5.00 per share) have not forfeited yet.

(XIV) Additional Regulatory I nformation:

a) Clause (viii): Details of Benami Property held - Nil

b) Clause (x): Willful Defaulter - Nil

c) Clause (xi): Relationship with Struck off Companies - Nil

d) Clause (xiii): Compliance with number of layers of Companies - NA

In terms of Clause B (I) of general instructions for preparation of Profit and Loss Account, there is no
undisclosed income which is not considered in Profit and Loss Accounts

(XVI) All the applicable disclosures / information required in terms of Schedule III to the Companies Act, 2013
as amended from time to time, the latest being vide Notification dated March 24, 2021, of the Ministry
of Corporate Affairs, have been incorporated in this Financial Statements.