n) Provisions, contingent liabilities and contingent assets

Provisions are recognised only when the company has a present obligation (legal or constructive) as
a result of past events, and it is probable that it is required to settle the obligation, and a reliable
estimate can be made of the amount of obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the
obligation at the reporting date, considering the risk and uncertainties surrounding the obligation.

Contingent liabilities: 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 future uncertain events not wholly within the control of the Company (or)

There is a present obligation that arises from past events where it is either not probable that an
outflow of resources will be required to settle the obligation or a reliable estimate of the amount
cannot be made.

20. SEGMENT INFORMATION

The Company is engaged in only one business of Financial Activities. Accordingly there are no separate reportable
segments according to Ind AS 108 ‘Operating Segments' issued under the Companies (Accounting Standards) Rules,
2006.

21. RELATED PARTY DISCLOSURES

a) Directors

Bhavika M Jain (DIN: 07704015)

Khushbu Mohan Kumar Jain (DIN: 07704023)

Rekha M Jain (DIN: 07704034)

Jadav Chand Jain Akash Jain (DIN: 09688787)

Bharat Dughar (DIN: 07996160)

b) Key Managerial Personnel

S Mohankumar - Chief Executive Officer & Chief Financial Officer
Monika Kedia - Company Secretary

Related party disclosures as required by Ind AS 24 issued by the Institute of Chartered Accountants of India, are
given below:

23. DISCLOSURE REQUIREMENTS AS NOTIFIED BY MCA PURSUANT TO AMENDED SCHEDULE III

Nothing to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

(a) Crypto Currency or Virtual Currency

(b) Benami Property held under Benami Transactions (Prohibition) Act, 1988 (45 of 1988)

(c) Registration of charges or satisfaction with Registrar of Companies

(d) Relating to borrowed funds:

(i) Wilful defaulter

(ii) Utilisation of borrowed funds & share premium

(e) Loans to Related Parties

(f) Investments/advances through intermediaries

(g) Effect of scheme of arrangement

(h) Compliance with number of layers

(i) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (Intermediaries) with understanding that intermediary shall -

(i) Directly to 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.

(j) 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 -

(i) Directly to indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the funded party (Ultimate Beneficiaries); or

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(k) Transactions with Struck off Companies

(l) Undisclosed Income

24. Previous year figures have been regrouped/rearranged wherever necessary.

For and on behalf of the Board As per Report attached of even date

For Aastamangalam Finance Limited For M/s. Venkat & Rangaa LLP

Chartered Accountants
FRN : 004597S

Bhavika M Jain Khusbhu M Jain

Director Director

DIN:07704015 DIN:07704023

T. Zameer
Partner

Membership No. : 230441

S Mohan Kumar Monika Kedia

CEO & CFO Company Secretary

Place: Chennai
Date: 21.05.2024