(i) Provisions, Contingent Liabilities, Contingent Assets and Commitments:

Provisions are recognized when the Company has a present obligation (legal or Constructive) as a result of a past even.
It is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. If the effect of the time value of money is material, provisions are

discounted using equivalent period government securities interest rate. Unwinding of the discount is recognized in the
statement of profit and loss as a finance cost. Provisions are reviewed at each balance sheet date and are adjusted to
reflect the current best estimate.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will
be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the
control of the Company or a present obligation that arises from past events where it is either not probable that an outflow
of resources will be required to settle or a reliable estimate of the amount cannot be made. Information on contingent liability
is disclosed in the Notes to the Financial Statements. Contingent assets are not recognized. However, when the realisation
of income is virtually certain, then the related asset is no longer a contingent asset, but it is recognized as an asset.

(j) Dividend Distribution:

Annual dividend distribution to the shareholders is recognized as a liability in the period in which the dividends are approved
by the shareholders. Dividend is recognized directly in other equity.

(k) Financial Instruments
i) Financial Assets

A. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are directly
attributable to the acquisition or issue of financial assets, and financial liabilities, which are not at fair value
through profit or loss, are adjusted to the fair value on initial recognition. Purchase and sale of financial assets
are recognised using trade date accounting.

B Subsequent measurement

a) Financial assets measured at amortised cost (AC)

A financial asset is measured at amortised cost if it is held within a business model whose objective is to
hold the asset in order to collect contractual cash flows and 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.

b) Financial assets as fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose objective is achieved
by both collecting contractual cash flows and selling financial assets and 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.

c) Financial assets at fair value through profit or loss (FVTPL)

A financial asset which is not classified in any of the above categories are measured at FVTPL.

C. Investment in subsidiaries, associates and joint ventures

The Company has accounted for its investments in subsidiaries, associates and joint venture at cost.

D. Other Equity Investments

All other equity investments are measured at fair value, with value changes recognised in Statement of Profit and
Loss, except for those equity investments for which the Company has elected to present the value changes in
‘Other Comprehensive Income’.

ii) Financial Liabilities

A. Initial recognition and measurement

All financial liabilities are recognized at fair value and in case of loans, net of directly attributable cost. Fees of
recurring nature are directly recognised in the Statement of Profit and Loss as finance cost.

Bl Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade and other
payables maturing within one year from the balance sheet date, the carrying amounts approximate fair value due
to the short maturity of these instruments.

SIGNIFICANT ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS

The preparation of the Company’s financial statements requires management to make judgement, estimates and assumptions that
affect the reported amount of revenue, expenses, assets and liabilities and the accompanying disclosures. Uncertainty about
these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or
liabilities affected in future periods.

a) Depreciation / amortisation and useful lives of property plant and equipment / intangible assets

Property, plant and equipment / intangible assets are depreciated / amortised over their estimated useful lives, after

taking into account estimated residual value. Management reviews the estimated useful lives and residual values of the
assets annually in order to determine the amount of depreciation / amortisation to be recorded during any reporting period.
The useful lives and residual values are based on the Company’s historical experience with similar assets and take into
account anticipated technological changes. The depreciation / amortisation for future periods is revised if there are
significant changes from previous estimates.

b) Recoverability of trade receivables

Judgements are required in assessing the recoverability of overdue trade receivables and determining whether a provision
against those receivables is required. Factors considered include the credit rating of the counterparty, the amount and timing
of anticipated future payments and any possible actions that can be taken to mitigate the risk of non-payment.

c) Provisions

Provisions and liabilities are recognized in the period when it becomes probable that there will be a future outflow of funds
resulting from past operations or events and the amount of cash outflow can be reliably estimated. The timing of recognition
and quantification of the liability requires the application of judgement to existing facts and circumstances, which can be
subject to change. The carrying amounts of provisions and liabilities are reviewed regularly and revised to take account of
changing facts and circumstances.

d) Impairment of non-financial assets

The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication
exists, the Company estimates the asset’s recoverable amount. An asset’s recoverable amount is the higher of an asset’s
or Cash Generating Units (CGU’s) fair value less costs of disposal and its value in use. It is determined for an individual
asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or a groups
of assets. Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired
and is written down to its recoverable amount.

In assessing value in use, the estimated future cash flows are discounted to their present value using pre-tax discount rate
that reflects current market assessments of the time value of money and the risks specific to the asset. In determining fair
value less costs of disposal, recent market transactions are taken into account, if no such transactions can be identified,
an appropriate valuation model is used.

e) Impairment of financial assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected cash loss
rates. The Company uses judgement in making these assumptions and selecting the inputs to the impairment calculation,
based on Company’s past history, existing market conditions as well as forward looking estimates at the end of each
reporting period.

Terms / Rights attached to Equity Shares

The Company has one class of equity shares having a par value of Rs. 10 each. Each shareholder is eligible for onevote per
share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing
Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equityshareholders are eligible to
receive the remaining assets of the Company after distribution of all preferential amounts,in proportion to their shareholding.

a) Securities Premium Account

Securities Premium Account is used to record the premium on issue of shares. The reserve will be utilised in accordance with
the provisions of The Companies Act, 2013

b) General reserve

The general reserve is a free reserve which is used from time to time to transfer profitsfrom / to retained earnings for
appropriation purposes. As the general reserve is createdby a transfer from one component of equity to another and is not
an item of othercomprehensive income, items included in the general reserve will not be reclassified subsequently to
statement of profit and loss.

c) Retained earnings

This reserve represents undistributed accumulated earnings of theCompany as on the balance sheet date.

20 Other disclosures

i. Title deeds of Immovable Property not held in name of the Company

The Company does not hold any immovable property as on March 31,2025.

ii. Revaluation of Property, Plant and Equipment

The Company has not revalued any of its Property, Plant and Equipment during the year ended March 31,2025.

iii. Loans or Advances in the nature of loans

The Company has not granted Loans or Advances in the nature of loans to promoters, directors, or KMPs (as defined
under the Companies Act, 2013) either severally or jointly. However, the company has granted a loan to a subsidiary
company.

iv. Details of Benami Property held

No 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 the rules made thereunder.

v. Borrowings from banks or financial institutions on the basis of security of current assets

The Company does not have any borrowings from banks or financial institutions on the basis of security of current
assets as on March 31, 2025.

vi. Wilful Defaulter

The Company does not have any borrowings from banks or financial institutions as on March 31, 2025.

vii. Relationship with Struck off Companies

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.

viii. Registration of charges or satisfaction with Registrar of Companies

As on March 31, 2025 no charge has been created against the asset of the Company.

ix. Compliance with number of layers of companies

The Company has not made any fresh investment in any group companies and is in compliance with the regulations
relating to layers of companies.

x. Compliance with approved Scheme(s) of Arrangements

The Company has not approved any scheme of arrangement in accordance with sections 230 to 237 of the Companies
Act, 2013.

xi. Utilisation of Borrowed funds and share premium

A. The Company has not 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:

(1) 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

(2) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

B. 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

(1) 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

(2) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xii. Undisclosed Income

The Company has not recorded any transactions in the books of accounts that has been surrendered or disclosed as
income during the year ended March 31,2025 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).

xiii. Corporate Social Responsibility (CSR)

The provision of Section 135 of the Companies Act 2013 is not applicable to the Company.

xiv. Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the year ended March 31, 2025.

21 Financial risk management objectives and policies

The main risks arising from Company’s use of financial instruments are liquidity risk, credit risk and foreign exchange risk. The
Company does not hold or issue derivative financial instruments for trading purposes or in the risk management activities.
Policies for managing these risks are summarized below.

Liquidity risk

Liquidity risk is the risk that the Company will not meet future financial obligations due to a shortage of funds. The Company’s
financing activities are managed centrally by maintaining an adequate level of cash and cash equivalents to finance the
Company’s operations. The Company’s surplus funds are also managed centrally by placing them with reputable financial
institutions on varying maturities. The Company does not use derivatives and other instruments in its risk management
activities.

The table below separates the Company’s financial assets and liabilities into relevant maturity groupings based on their
contractual maturities. The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within
12 months equal their carrying balances as the impact of discounting is not significant.

Credit risk

Credit risk arises from cash and cash equivalents, investments, trade receivables and other financial assets. The Company
estimates losses on receivables based on expected losses, including historical experience of actual losses.

There are no significant concentrations of credit risk, whether through exposure to individual customers and/or specific
industry sectors. As at March 31, 2024 and 2023 no material financial assets were past due or impaired. The Company only
deposits cash with major banks with high quality credit standing and limits exposure to any one counter-party.

Foreign exchange risk:

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes
in foreign exchange rates. Given the nature of operating activities, the Company has no exposure to the risk of changes in
foreign exchange rates.

22 Capital management

The Company considers share capital and all other equity reserves as capital. The Company manages its capital structure
and makes adjustments in light of changes in economic conditions and the Company’s needs.

The carrying amounts of current financial assets and current financial liabilities are considered to be the same as their fair
values, due to short-term nature.

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in
a current transaction between willing parties, other than in a forced or liquidation sale.

The fair values of long term loans, security deposits and investments were calculated based on cash flows discounted using
as current lending rate. They are classified as level 3 fair values in the fair value hierarchy due to the inclusion of unobservable
inputs including counter party credit risk.

As the borrowings of the Company are on floating rates the carrying value of the borrowing is equal to fair value. They are
classified as level 3 fair values in the fair value hierarchy due to the use of unobservable inputs including own credit risk.

In case of non current assets, due to non materiality, the Company has shown the investments at its carrying cost.

For non current items, the difference between the fair value and carrying amount is not material. Accordingly, carrying value
has been taken as fair value for such items.

25 Events after the Reporting Period

The Board of Directors have recommended dividend of Rs. 1.25 per fully paid up equity share of Rs. 10/- each, aggregating
Rs.72.50 lakhs for the financial year 2024-25, which is based on relevant share capital as on 31st March, 2025.

The actual dividend amount will be dependent on the relevant share capital outstanding as on record date/book closure.

26 The figures for the corresponding previous year have been regrouped/reclassified wherever necessary, to make them
comparable.

27 Approval of Financial Statements

The Financial Statements were approved for issue by the Board of Directors on 16th May, 2025.

As per our report of even date

For JMT & Associates For and on behalf of the Board

Chartered Accountants

FR No. 104167W Varun Mehta Dipan Mehta

Sanjay Pichholia Chief Financial Officer Chairman (DIN 00115154)

Partner
M No. 122651

UDIN:25122651BMKXPU7329 Hetal Mody Radhika Mehta

Place - Mumbai Company Secretary Whole Time Director (DIN 00112269)

Date - 16th May 2025