(a) Financial Risk
Management

The Company’s business activities are exposed to financial risks, namely Credit risk, Liquidity risk .The
Company’s Senior Management has the overall responsibility for establishing and governing the Company’s
risk management framework. The Company has constituted a Risk Management Committee, which is
responsible for developing and monitoring the Company’s risk management policies. The committee reports
regularly to the Board of Directors on its activities.

The Company’s risk management policies are established to identify and analyse the risks faced by the
Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk
management policies and systems are reviewed regularly to reflect changes in market conditions and the
Company’s activities.

The audit committee oversees how Management monitors compliance with the Company’s risk management
policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks
faced by the Company.

The audit committee is assisted in its oversight role by internal audit. Internal audit undertakes both regular
and ad hoc reviews of risk management controls and procedures, the results of which are reported the audit
committee

i. Credit risk

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, and arises principally from the Company’s receivables from
customers and investment securities. Credit risk is managed through credit approvals, establishing credit
limits and continuously monitoring the creditworthiness of customers to which the Company grants credit
terms in the normal course of business. The Company establishes, if require an allowance for doubtful debts
and impairment that represents its estimate of incurred losses in respect of trade and other receivables and
investments.

ii. Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated
with its financial liabilities 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, under both normal and stressed conditions, without incurring unacceptable
losses or risking damage to the Company’s reputation.

Management monitors rolling forecasts of the Company’s liquidity position on the basis of expected cash
flows. This monitoring includes financial ratios and takes into account the accessibility of cash and cash
equivalents

Note 21 : Capital Management_

For the purpose of the Company’s capital management, capital includes issued capital and other equity
reserves. The primary objective of the Company’s Capital Management is to maximise shareholders value.
The Company manages its capital structure and makes adjustments in the light of changes in economic
environment and the requirements of the financial covenants.

During the year the company was operational only in trading activity. Hence Segment Reporting is not
applicable.

Note 24: - The company has no outstanding dues to small scale industrial undertakings as on 31st March,
2024 as per information given by the management. Further in view of the Management, the impact of
interest, if any, that may be payable in accordance with the provisions of the Act is not expected to be
material. These facts have been relied upon by the auditors.

Note 25: - As informed by the management the Company as on 31st March, 2024 has no contingent liability
or any commitment.

a) The Company do not have any Benami property, where any proceeding has been initiated or pending
against the Company for holding any Benami property.

b) Transaction with struck off companies: The Company does not have any transactions with companies
struck- off under Section 248 of the Companies Act, 2013.

c) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the
statutory period.

d) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial
year.

e) The Company have 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:

(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 guarantee, security or the like to or on behalf of the Ultimate beneficiaries.

f) The Company have 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 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 guarantee, security or the like on behalf of the Ultimate Beneficiaries.

g) 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.

h) The Company do not have any such transaction which is not recorded in the books of accounts that has
been surrendered or disclosed as income during the 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).

i) The Code on Social Security, 2020 (‘Code’) relating to employee benefits during employment and post¬
employment benefits received Presidential assent in September 2020. The Code has been published in
the Gazette of India. However, the date on which the Code will come into effect has not been notified.
The company will assess the impact of the Code when it comes into effect and will record any related
impact in the period the Code becomes effective.

j) The Company is not declared wilful defaulter by any bank or financial institution or lender during the
year.

Note 29 Previous year’s figures have been regrouped / rearranged wherever necessary, so as to make them

comparable with those of the current year.

As per our report Of Even Date For Board of Directors of P .M. Telelinnks Limited

For Gupta Raj and Co.

Chartered Accountants
Firm reg No: 001687N

Sd/- Sd/- Sd/-

CA Nikul Jalan RAVI SURANA KADAKIA AMISH BHARAT

Partner DIRECTOR DIRECTOR

Membership No. 112353 (DIN - 01777676) (DIN -06995671)

Sd/- Sd/-

K. S. Jithendra Pratik RajendraKumar Koralwala

CFO Company Secretary

Place: Mumbai Place: Secunderabad

Date: 30th May, 2024 Date: 30th May, 2024