(n) Fair Value Measurement

Fair value is the price that would be received from
the sale of an asset or paid to transfer a liability in an
orderly transaction between market participants at the
measurement date. The fair value measurement is based
on the presumption that the transaction to sell an asset or
transfer the liability takes place either:

- in the principle market for the asset or liability

- in the absence of principle market, in the most
advantageous market for the asset or liability.

The principle or the most advantageous market must be
accessible by the Company.

The fair value of an asset or a liability is measured using
the assumptions that market participants would use
when pricing the asset or liability, assuming that market
participants act in their economic best interest.

The fair value measurement of a non-financial asset takes
into account a market participant's ability to generate
economic benefits by using the asset in its highest and best
use or by selling it to another market participant that would
use the asset in its highest and best use.

The Company uses valuation techniques that are
appropriate in the circumstances and for which sufficient
data are available to measure fair value, maximizing the
use of relevant observable inputs and minimizing the use of
unobservable inputs.

All assets and liabilities for which fair value is measured
or disclosed in the financial statements are categorized
within the fair value hierarchy, described as follows, based
on the lowest level input that is significant to the fair value
measurement as a whole:

- Level 1 - Quoted (Unadjusted) Market prices in active
markets for incidental assets or liabilities

- Level 2 -Valuation techniques for which the lowest
level input that is significant to the fair value
measurement is directly or indirectly observable

- Level 3 - Valuation Techniques for which the
lowest level input that is significant to the fair value
measurement is unobservable.

For assets and liabilities that are recognized in the financial
statements on a recurring basis, the Company determines
whether transfers that have occurred between levels in
the hierarchy by re-assessing categorization (based on
the lowest level input that is significant to the fair value
measurement as a whole) at the end of each reporting
period.

Determination of Fair Value

1) Financial Assets - Debt Instruments at amortized cost

After initial measurement the financial assets are
subsequently measured at amortized cost using the
Effective Interest Rate (EIR) method. Amortized cost is

calculated by taking into account any discount or premium
on acquisition and fees or cost that are an integral part of
the EIR.

2) Financial Assets - Debt Instruments at Fair Value through
Other Comprehensive Income (FVTOCI)

Measured initially as well as at each reporting date at fair
value. Fair value movements are recognized in the Other
Comprehensive Income (OCI). On derecognition of the
asset, cumulative gain or loss previously recognized in OCI
is reclassified from the equity to P&L.

3) Debt instruments & derivatives at Fair Value through
Profit or Loss (FVTPL)

FVTPL is a residual category for debt instruments. Any
debt instrument, which does not meet the criteria for
categorization as at amortized cost or as FVTOCI, is
classified as at FVTPL.

4) Equity Instruments at Fair Value through Other
Comprehensive Income (FVTOCI)

On initial recognition, the Company can make an
irrevocable election (on an instrument-by-instrument
basis) to present the subsequent changes in fair value in
ither comprehensive income pertaining to investments
in equity instruments. These elected investments are
initially measured at fair value plus transaction costs.
Subsequently, they are measured at fair value with gains /
losses arising from changes in fair value recognized in other
comprehensive income. This cumulative gain or loss is not
reclassified to profit or loss on disposal of the investments.

5) Financial Liabilities

Financial liabilities are classified, at initial recognition, as
financial liabilities at fair value through profit & loss, loans
and borrowings, payables, or as derivatives designated as
hedging instruments in an effective hedge, as appropriate.

All financial liabilities are recognized initially at fair value
and, in the case of loans and borrowings and payables, net
of directly attributable transaction costs. The Companies
financial liabilities include trade and other payables, loans
and borrowings including bank overdrafts and derivative
financial instruments.

Subsequent Measurement

Fair value through Profit & Loss

Financial liabilities at fair value through profit & loss include
financial liabilities held for trading and financial liabilities
designated upon initial recognition as at fair value through
profit or loss. All changes in fair value of such liabilities are
recognized in statement of profit or loss.

Loans and Borrowings

After initial recognition, interest-bearing loans and
borrowings are subsequently measured at amortized cost
using the EIR method. Gains and losses are recognized
in profit or loss when the liabilities are derecognized as

well as through the EIR amortization process. The EIR
amortization is included as finance costs in the statement
of profit and loss.

(o) Dividend

Dividend on share is recorded as liability on the date of
approval by the shareholders and is shown as a reduction
from retained earnings under Other Equity.

(p) Segment Reporting

The Company identifies primary segments based on the
dominant source, nature of risks and returns and the
internal organization and management structure. The
operating segments are the segments for which separate
financial information is available and for which operating

profit / loss amounts are evaluated regularly by the Chief
Operating Decision Maker (CODM) in deciding how to
allocate resources and in assessing performance.

The accounting policies adopted for segment reporting
are in line with the accounting policies of the Company.
Segment revenue, segment expenses, segment assets and
segment liabilities have been identified to segments on the
basis of their relationship to the operating activities of the
segment. Inter-segment revenue is accounted on the basis
of transactions which are primarily determined based on
market / fair value factors. Revenue, expenses, assets and
liabilities which relate to the Company as a whole and are
not allocable to segments on reasonable basis have been
included under “unallocated revenue / expenses / assets /
liabilities”.

Note (¹)

(¹) According to the confirmation received from Link Intime India Private Limited, the Registrar and Share Transfer Agent of the
Company, all outstanding shares of the Company, totalling to 8,75,88,047 of Re. 1/- each are fully paid up. Therefore the amount of
Rs. 57,85,000/- (Rupees Fifty -Seven Lakhs Eighty- Five Thousand only) shown as calls in arrears up to the previous financial year
ended 31st March, 2023 have been adjusted against the Capital reserves as at 31st March, 2024.

NOTE 27

Contingent Liabilities (not provided for)

There are no liabilities, contingent in nature. All known liabilities have been appropriately provided for in the books as on the balance
sheet.

NOTE 28

During the financial year 2020-2021, the Company had created a provision for doubtful advances amounting to Rs. 350 Lakhs as in
the opinion of the Management the probability of recovery of the said amount is low. The company had filed a case against the parties
for recovery & the same has been pending for more than 15 years. However, the company continues to pursue all legal options
available to it to enforce the recovery of this amount.

(b) Fair Value Hierarchy

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable
or unobservable and consist of the following three levels:

Level 1 - Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs are other than quoted prices included within level 1 that are observable for the asset or liability, either directly
(i.e., as prices) or indirectly (i.e. derived from prices)

Level 3 - Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part
using a valuation model based on assumption that are neither supported by prices from observable current market transaction
in the same instrument nor are they based on available market data.

The Investments included in level 3 of fair value hierarchy have been valued using the cost approach to arrive at their fair value.
The cost of unquoted investments approximates the fair value because there is a wide range of possible fair value measurements
and the cost represents estimate of fair value within the range.

NOTE 34

Employee Benefits

(a) Defined Contribution Plan

The Company makes Provident Fund contributions to defined contribution plan administered by the Regional Provident Fund
Commissioner. Under this scheme, the Company is required to contribute a specified percentage of payroll cost to fund the
benefits. The Company has recognized Rs. 5.09 lakhs towards Provident Fund and other fund contributions (March 31, 2024:
Rs. 4.24 lakhs) in the Statement of Profit and Loss. The provident fund and ESIC contributions payable by the Company are in
accordance with rules framed by the Government from time to time.

(b) Defined Benefit Plan
Gratuity

The employee's gratuity fund is a defined benefit plan. The present value of the obligation is determined based on actuarial
valuation using the projected unit credit method, which recognises each period of service as giving rise to additional unit of
employee benefit entitlement and measures each unit separately to build up the final obligation.

The Company has a defined benefit plan. Every employee who has completed five year or more of service gets a gratuity on
departure at 15 days salary (last drawn salary) for each completed year of service. The scheme is unfunded.

NOTE 35

Details of Benami Property held.

No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder during the year.

NOTE 36

Wilful Defaulter

The Company has not been declared willful defaulter by any bank or financial institution or any other lender during the year.

NOTE 37

Relationship with Struck Off Companies

The Company has not entered into any transaction with the companies struck off under Section 248 of the Companies Act, 2013 or
Section 560 of Companies Act, 1956 during the year and the previous year.

NOTE 38

Registration of Charges or satisfaction with Registrar of Companies (ROC)

During the year, there are no instances of any registration, modification or satisfaction of charges which are pending for registration,
modification, or satisfaction with Registrar of Companies (ROC) beyond the statutory period. However, there are some old charges
pertaining to earlier periods for which satisfaction with the Registrar of Companies is pending beyond the statutory period. According
to the management, these charges are for loans which have already been fully repaid or settled. The company is in the process of
obtaining fresh no dues certificates from the lenders for filing the charges satisfaction forms with the Registrar of Companies.

NOTE 39

Compliance with number of layers of companies

The Company is in compliance with the relevant provisions of the Companies Act, 2013 with respect to the number of layers
prescribed under clause (87) of Section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of Layers)
Rules, 2017.

NOTE 40

Utilisation of Borrowed Funds and Share Premium under Rule 11(e)

No funds (which are material either individually or in the aggregate) have been advanced or loaned or invested (either from borrowed
funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign
entity (“Intermediaries”).

No funds (which are material either individually or in the aggregate) have been received by the Company from any person or entity,
including foreign entity (“Funding Parties”).

NOTE 41

Borrowings from banks for Credit Facility

The Company has not availed credit facilities from banks or financial institutions exceeding Rs. 500 Lakhs against the security of
current assets at point of time during the year.

NOTE 42

Compliance with approved Scheme(s) of Arrangements

There is no Scheme of Arrangement approved by the Competent Authority in terms of Sections 230 to 237 of the Companies Act,
2013 during the year and hence, no disclosures are required to be made by the Company in these financial statements for the year
ended March 31, 2025.

NOTE 43

Events occurring after the balance sheet date.

No adjusting or significant non-adjusting events have occurred between the reporting date and date of authorization.

NOTE 44

Rounding of Amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest lakhs as per the requirement of
Schedule III, unless otherwise stated.

NOTE 45

The Company does not have any transactions not recorded in books of accounts that has been surrendered or disclosed as income
during the year and previous year in the tax assessments under the Income Tax Act, 1961.

NOTE 46

The Company has not traded or invested in any crypto currency or virtual currency during the year and previous year.

NOTE 47

There has been no fraud by the Company or by the Company during the year and previous year
NOTE 48
Financial Ratios

NOTE 49

Previous Year Figures

Previous year's figures have been regrouped, rearranged & reclassified wherever considered necessary.

As per our report of even date attached

For Jayesh Dadia & Associates LLP For and on behalf of the Board of Directors of DSJ Keep Learning Limited

Chartered Accountants
F R No. 121142W/W100122

Sanjay Padode Pranav Padode

Chairman and Managing Director Wholetime Director & CEO

DIN: 00338514 DIN: 08658387

Rahil Dadia
Partner

Membership No. 143181

Jaiprakash Gangwani Nidhi Mishra

Place: Mumbai Company Secretary & Compliance Officer Chief Financial Officer

Date: 30^th May, 2025 Membership No. ACS55760

1

The Board of Directors in their meeting held on 14th June, 2024 has allotted 6,81,24,036 fully paid up equity shares of face value
of Re 1.00/- (Rupee One only) per equity shares at price of Re 1.00/- each to the eligible shareholders of the Company on record date
14th May, 2024 under a rights issue.