Loan from Axis Bank of Rs. 32.00 Lakhs ( Previous Year :Nil) Secured against hypothecation of car at the rate of interest 10.20% p.a. payable in 37 Months commencing from May-2024. The remaining maturity period is 26 Months from Balance sheet Date.

* Loans without specifying any terms or period of repayment are considered as repayable on demand. Note No.12 : Lease Liabilities

Effective April 01, 2019 the Company adopted Ind AS 116 "Leases" and applied the standard to all lease contracts existing on April 01,2019 using the modified retrospective method. ROU are measured at cost comprising the amount of the initial measurement of lease liability, any lease payments made at or before the commencement date and any initial direct costs less any lease incentives received. Lease liabilities were recognized based on the present value ol the remaining lease payments, discounted using the incremental borrowing rate at the date of initial application.

The following is the summary of practical expedient selected on initial application:

1. Applying a single discount rate to a portfolio of leases with reasonably similar characteristics

2. Applied the exemption not to recognize right-to-use assets and liabilities for leases with less than 12 months of lease term on the date on initial application.

3. Excludedtheinitialdirectcostsfromthemeasurementoftheright-of-useassetatthedateof initial application. The weighted average incremental borrowing rate applied to lease liabilities is 9%

ADVIK CAPITAL LIMITED

Regd. Office: G-3, 34/1, Vikas House, East Punjabi Bagh, New Delhi-110026 CIN: L65100DL1985PLC022505 | www.advikcapital.com

Standalone Statement of change in equity for the year ended as at March 31, 2025

a) The company has not issued any Bonus share's during the last two financial years.

b) The company has not buy back any share's during the last two financial years

c) The company has not forfieted shares's during the last two financial years.

d) The company has not issued any securities, which convertible into equity shares.

e) Terms attached to Equity Shares

The rights, powers and preference relating to each class of share and the qualifications limitations and restrictions thereof are contained in the Memorandum and Articles of Association of the Company. The Company has only one class of Equity Shares having a par value of Rs.1 per share. Each holder of equity shares is entitled to one vote per share. Any shareholder whose name is entered in the Register of Members of the company shall enjoy the same rights and be subject to the same liabilities as all other shareholders of the same class.

In the event of winding up/ liquidation of the company, Equity Shareholders will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. For the said purpose, the liquidator may set such value as he deems fair upon any property to be divided and may determine how such division shall be carried out between the members.

As per Section 45-IC (1) of Reserve Bank of India Act, 1934, every non-banking financial company shall create a reserve fund and transfer therein a sum not less than twenty per cent of its net profit every year as disclosed in the profit and loss account and before any dividend is declared.

(1) During the financial year ending 31st March'2025, the company has completed 1 right issue (IPO) and issued 18,03,66,825 Shares @ Rs. 2.50 per share (Including premium of Rs. 1.50 per share). The shares were allotted on 17th October'2024 & were listed on Bombay stock exchange & National Stock Exchange of India.

(2) The proceeds from right issues during the year for the purpose of meeting augment the capital base of our Company and general corporate purposes were majorly utilized collectively towards repayment of company's borrowings and advancement of loans in accordance with business objects of the company.

(1) During the financial year ending 31st March'2024, the company has completed 1 right issue (IPO) dated 11th October'2023 and issued 20,79,60,320 Shares @ Rs. 2.40 per share. The shares were allotted on 13th October'2023 & were listed on Bombay stock exchange & National Stock Exchange of India.

(2) The proceeds from right issues during the year for the purpose of meeting augment the capital base of our Company and general corporate purposes were majorly utilized collectively towards repayment of company's borrowings and advancement of loans in accordance with business objects of the company.

* Income Tax demand for the AY 2022-23 is subject to rectification

** Income Tax dispute for the AY 2023-24 is pending at CIT(A), Delhi. The company has provided for tax liability including interest accrued till year ending 31st March 2025 against self assessment tax for Rs. 380.68 Lakhs

*** Income Tax demand for the AY 2024-25 is subject to rectfication. The company has provided for tax liability including interest accrued till year ending 31st March 2025 against self assessment tax for Rs. 43.85 Lakhs

Guarantee given to Indusind Bank Ltd. for erstwhile subsidiary Advik Optoelectronics Limited for Rs. 142.84 lacs (Previous year Rs 142.84 lacs), Process for satisfaction of charge is in process There is demand of Rs 1.10 Lakhs for past outstanding TDS demand as per traces site as at 31.03.2025 Capital Commitments : Nil (Nil)

Note No.31: Capital Management

The primary objective of the Company's capital management policy is to ensure that the Company complies with capital adequacy requirements required by the Reserve Bank of India and maintain strong credit ratings and healthy capital ratios in order to support its business and to maximize shareholders value.

The Company's capital management objectives are :

- to ensure the Company's ability to continue as a going concern

- to comply with externally imposed capital requirement and maintain strong credit ratings

- to provide an adequate return to shareholders"

Management assesses the Company's capital requirements in order to maintain an efficient overall financing structure while avoiding excessive leverage. This takes into account the sub-ordination levels of the Company's various classes of debt. The Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets (including investments in Subsidiary companies). In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares, or sell assets to reduce debt.

* Net debt includes debt securities borrowings other than debt securities sub-ordinated liabilities interest accrued - cash and cash equivalents - bank balances other than cash and cash equivalents.

Note No. 32: Maturity Analysis Of Assets And Liabilities

The table below shows an analysis of assets and liabilities analyzed according to when they are expected to be recovered or settled. Derivatives have been classified to mature and/or be repaid within 12 months, regardless of the actual contractual maturities.

The above sensitivity analysis is based on a change an assumption while holding all other assumptions constant. In practice, this is unlikely to occur and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied which was applied while calculating the defined benefit obligation liability recognised in the balance sheet.

The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to previous year

iii) Enterprise over which KMP and their relatives exercise significant influence

Ebix Cash Ltd. (Step down Subsidiary of Eraaya Lifespaces Limited)

Ebix Cash World Money Ltd. (Step down Subsidiary of Eraaya Lifespaces Limited) Eraaya Lifespaces Limited

(B) Fair values hierarchy

Financial assets and financial liabilities are measured at fair value in the financial statements and 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:

The categories used are as follows:

Level 1: Quoted prices (unadjusted) for identical instruments in an active market;

Level 2: Directly (i.e. as prices) or indirectly (i.e. derived from prices) observable market inputs, other than Level 1 inputs;

Level 3: Inputs which are not based on observable market data (unobservable inputs).

Valuation technique used to determine fair value

The fair value of a financial instrument on initial recognition is normally the transaction price (fair value of the consideration given or received). Subsequent to initial recognition, the Company determines the fair value of financial instruments that are quoted in active markets using the quoted bid prices (financial assets held) or quoted ask prices (financial liabilities held) and using valuation techniques for other instruments. Valuation techniques include discounted cash flow method, market comparable method, recent transactions happened in the Company and other valuation models. The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data is available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.

Valuation process and technique used to determine fair value Specific valuation techniques used to value financial instruments include:

Eligible loans valued by discounting the aggregate future cash flows (both principal and interest cash flows) with credit risk-adjusted discounting rate for the remaining portfolio tenor. The Company has considered the average valuation impact arrived using risk free, cost of funds and yield free securitization approach.

The use of net asset value for certificate of deposits and mutual funds on the basis of the statement received from investee party.

(C) Fair value of instruments measured at amortized cost

Fair value of instruments measured at amortized cost for which fair value is disclosed is as follows, these fair values are calculated using Level 3 inputs:

The management assessed that fair values of cash and cash equivalents, other bank balances, trade receivables and trade payables approximate their respective carrying amounts, largely due to the shortterm maturities of these instruments.

Note No.37: Financial Risk Management

The Company's activities expose it to market risk, liquidity risk and credit risk. The Company's board of directors has overall responsibility for the establishment and oversight of the Company risk management framework. The Company manages the risk basis policies approved by the board of directors. The board of directors provides written principles for overall risk management.

A) Credit risk

Credit risk is the risk that the Company will incur a loss because its customers or counterparties fail to discharge their contractual obligations. The Company's exposure to credit risk is influenced mainly by cash and cash equivalents, other bank balances, investments, loan assets, trade receivables and other financial assets. The Company continuously monitors defaults of customers and other counterparties and incorporates this information into its credit risk controls.

Credit Risk Management

Based on business environment in which the Company operates, a default on a financial asset is considered when the counter party fails to make payments within the agreed time period as per contract. 'The Company assesses and manages credit risk based on internal credit rating system. Internal credit rating is performed for each class of financial instruments with different characteristics. The Company has established a credit quality review process to provide early identification of possible changes in the creditworthiness of counterparties, including regular collateral revisions. The Company assigns the following Credot ratings to each class of financial assets based on the assumption, Input and factor specific to the class of financial assets.

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations.

Credit risk on cash and cash equivalents and bank deposits is generally limited as the Company transacts with Banks having a high credit ratings assigned by domestic credit rating agencies.

B) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities (other than derivatives) that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to ensure as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due.

The Company maintains flexibility in funding by maintaining availability under committed credit lines. Management monitors the Company's liquidity positions (also comprising the undrawn borrowing facilities) and cash and cash equivalents on the basis of expected cash flows. The Company also takes into account liquidity of the market in which the entity operates.

c) Market Risk - Interest rate risk

Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company's exposure to the risk of changes in market interest rates related primarily to the Company's borrowings with floating interest rates.

Exposure to interest rate risks

The interest rate risk arises majorly from the borrowings carrying floating rate of interest. These obligations exposes the entity to cash flow interest rate risk. The company does not have any borrowings bearing floating rate of interest.

D) Currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company is exposed to currency risk on account of its borrowings, receivables and other payables in foreign currency. The functional currency of the company is Indian Rupee.

The foreign currency exchange management policy is to minimize economic and transactional exposures arising from currency movements against the US dollar & Euro. The Company manages the risk by netting off naturally-occurring opposite exposures wherever possible, and then dealing with any material residual foreign currency exchange risks if any.The company does not have borrowings, receivables and other payables in foreign currency and hence does not have any currency risk.

Note No.38: Segment Reporting

The Company operates in single reportable segment based on the regular review by the CODM of company which is Finance Business for the purpose of Ind AS 108.

Methodology:

1. Current Ratio = Current Asset / Current Liability

2. Debt-Equity Ratio = Total Debt / (Total Equity)

3. Debt Service Coverage Ratio = EBITDA / (Finance Cost Repayment of Long term Debt)

4. Return on Equity Ratio = (Profit After Tax-Contingent Reserve) / (Total Equity-Contingent Reserve)

5. Inventory Turnover Ratio = Sale / (Average Inventory)

6. Trade Receivable Turnover Ratio = Revenue from Operations / Trade Receivable

7. Trade Payable Turnover Ratio = Purchase / Trade Payable

8. Net Capital Turnover Ratio = Revenue from Operations / (Current Asset - Current Liability)

9. Net Profit Ratio = Profit After Tax / Revenue

10 Return on Capital Employed= EBIT/ (Total Equityholder's Funds Long term debt)

11 Return on Investment= Income from Investments/ Net Invesment

Note No.40: Additional Regulatory Information

i All the Title deeds of Immovable properties are held in the name of company.

ii The Company has neither any capital work in progress of Property, Plant and Equipment nor any intangible assets under development.

iii

vi During the year, the company has not borrowed any funds from banks.

v During the year, the company has not revalued its Property, Plant and Equipment's and Intangibles.

vi During the year, 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 rules made there under.

vii The Company has not provided any Loan to any person on behalf of other person other than its ordinary course of its NBFC business, hence disclosure under section 186 is not applicable to the company.

viii During the year, the company has not been declared wilful defaulter by any bank or financial institution or any other lender.

ix There is charge on movable property amount to Rs. 3.5 Lacs whose satisfaction is yet to be registered with ROC due to procederal issues.

x The Company does not have any Scheme of Arrangements, which has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

xi The company has utilized funds raised from the issue of securities or borrowings from banks & financial institutions for the specific purposes, for which they were issued/taken. (Also Refer Note 19)

xii 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 intermediatory 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 guarantees, securities or the like or on behalf of the ultimate beneficiaries

xiii The Company has not received any funds from any person(s) or entity(ies), including foreign entity(ies) (funding party) with the understanding (whether recorded in writing or otherwise) that the Group shall: -

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 guarantees, securities or the like or on behalf of the ultimate beneficiaries.

xiv During the year, the company has not traded, invest or perform any transaction in crypto or other virtual currency.

xv In the opinion of the management, the realizable value of current assets, loans & advances, in the ordinary course of business, would not be less than the amount at which they are stated.

Note: In computing the above information certain estimates, assumptions and adjustments have been made by the Management for its regulatory submission which have been relied upon by the auditors.

# Estimated cash inflows exceeds the estimated cash outflows for the year ended March 2024 over the next 30 days. Hence, ratio is not applicable.

Methodology:

(a) capital to risk weighted assets ratio-(Tier I Capital Tier II capital)/Total Risk Weighted Assets

(b) Tier I CRAR-Tier I Capital/Total Risk Weighted Assets

(c) Tier II CRAR-Tier II capital/Total Risk Weighted Assets

(d) Liquidity Coverage Ratio-High Quality Liquid Assets/Net Cash flow over 30 days period

Note No.44 : Re- Grouping

Cretain reclassification have been to the comparitive period Financial statements to enhance comparability with the current financial year financial statements & enhance compliance with guidance note on the Division-II- Ind AS Shedule III to the companies Act.

Reclassification of Prior Period Figures

(Pursuant to Ind AS 1 - Presentation of Financial Statements and Ind AS 109 - Financial Instruments) During the current year, the Company has changed the presentation of transactions relating to the sale and purchase of shares and securities. Previously, such transactions were presented on a gross basis, i.e., separately showing the sale proceeds as revenue and the purchase cost as expenses.

In line with the requirements of Ind AS 109 (Financial Instruments) and to provide more relevant information, the Company has now presented these transactions on a net basis, recognizing only the net gain or loss from such transactions under 'Revenur From Operations'.

In accordance with Ind AS 1 - Presentation of Financial Statements (Paragraphs 41-44), the comparative figures for the previous period have been reclassified to conform with the current year's presentation. This reclassification is a presentation change and does not have any impact on the net profit or loss or equity for the previous year.

Accordingly, revenue and expenses relating to such transactions have been netted off in the previous year

figures for the FY 2023-24 to make it comparable with current year figures of FY 2024-25.

Note No.45 : Others

(a) Pursuant to Section 135 of the Companies Act, 2013, the provisions related to Corporate Social Responsibility (CSR) are applicable to every company having: Net worth of ?500 crore or more, or Turnover of ?1,000 crore or more, or Net profit of ?5 crore or more during any financial year. Since the Company has exceeded the prescribed financial thresholds, the provisions of Section 135 of the Companies Act, 2013, along with the Companies (Corporate Social Responsibility Policy) Rules, 2014, are applicable to the Company for the financial year 2024-25. Based on the financial performance, the prescribed CSR obligation for the year amounts to ?13.00 lakhs. The Company has spent ?11.00 lakhs towards approved CSR initiatives within the stipulated time frame. The balance unspent amount of ?2.00 lakhs, not relating to any ongoing project, is pending transfer to a fund specified in Schedule VII of the Companies Act, 2013. The Company is in the process of transferring the said amount within the statutory timeline of 30th September 2025, in accordance with Section 135(5) of the Act. The Company remains fully committed to ensuring compliance with its CSR obligations.

(b) 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

(c) The company has utilized the borrowed funds for the purpose for which it has been borrowed.

(d) The company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act'1961.

(e) Other additional information pursuant to Schedule III to the Companies Act 2013 are either nil or not applicable.

(f) The Previous year's figures have been reclassified /re-grouped and / or rearranged wherever considered necessary.

(g) Figures have been rounded off to the nearest lakh and two decimal thereof.