v) Provisions, Contingent liabilities and Contingent assets

The Company recognizes provisions when a present obligation (legal or constructive) as a result of a past
event exists and it is probable that an outflow of resources embodying economic benefits will be required to
settle such obligation and the amount of such obligation can be reliably estimated.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that
may, but probably will not require an outflow of resources embodying economic benefits or the amount of
such obligation cannot be measured reliably. When there is a possible obligation or a present obligation in
respect of which likelihood of outflow of resources embodying economic benefits is remote, no provision or
disclosure is made.

Contingent assets are not recognised in the financial statements; however, they are disclosed where the
inflow of economic benefits is probable. When the realization of income is virtually certain, then the related
asset is no longer a contingent asset and is recognized as an asset.

w) Current and Non-Current Classification:

The Company presents assets and liabilities in the Balance Sheet based on Current/ Non-Current
classification.

An Asset is treated as Current when it is -

- Expected to be realized or intended to be sold or consumed in normal operating cycle;

- Held primarily for the purpose of trading / basic business activity of the company;

- Expected to be realized within twelve months after the reporting period, or

- Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least
twelve months after the reporting period.

All other assets are classified as non-Current.

A Liability is current when -

- It is expected to be settled in normal operating cycle;

- It is held primarily for the purpose of trading / basic business activity of the company;

- It is due to be settled within twelve months after the reporting period, or

- There is no unconditional right to defer the settlement of the liability for at least twelve months after the
reporting period.

The company classifies all other liabilities as non-current.

Deferred Tax Assets and liabilities are classified as non-current assets and liabilities.

34 Employee Benefit Plans

“The Company has accounted for employee benefits including Gratuity & leave encashment in accordance
with the requirements of Indian Accounting Standard (Ind AS) 19, 'Employee Benefits'. The liability for leave
encashment, being a long-term employee benefit, is determined based on actuarial valuation using the Projected
Unit Credit Method as at the balance sheet date.

An independent actuary has carried out the valuation, and key assumptions such as discount rate, salary
escalation rate, employee attrition rate, and mortality rates have been reviewed and assessed to be appropriate.
The actuarial gains and losses arising from changes in assumptions and experience adjustments have been
recognized in Other Comprehensive Income, as mandated by Ind AS 19.

The auditor has obtained and verified the actuarial valuation report and tested the underlying employee data
and assumptions. The recognition, measurement, and disclosure of such long-term benefits in the financial
statements are found to be in compliance with Ind AS 19 and applicable provisions of the Companies Act, 2013.
Proper disclosures have been made in the financial statements under the notes to accounts, including the nature
of benefits, actuarial assumptions used, and reconciliation of the defined benefit obligation.”

(I) Defined Benefit Plans
A) Gratuity

The gratuity plan is governed by the Payment of Gratuity Act, 1972. Under the act, an employee who has
completed five years of service is entitled to specific benefits. The level of benefits provided depends on the
member's length of service, managerial grade and salary at retirement age.

35. Disclosure pursuant to Ind AS 107 “ Financial Instruments: Disclosures”: Financial Risk Management

35.1 Interest Rate Risk Management

Floating rate financial assets are largely mutual fund investments which have debt securities as underlying
assets. The returns from these financial assets are linked to market interest rate movements; however
the counterparty invests in the agreed securities with known maturity tenure and return and hence has
manageable risk.

35.2 Counterparty and Concentration of Credit Risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in financial
loss to the company. The Company has adopted a policy of only dealing with creditworthy counterparties
and obtaining sufficient collateral, where appropriate, as a means of mitigating the risk of financial loss from
defaults. The Company is exposed to credit risk for receivables, cash and cash equivalents, and short-term
investments.

35.3 Liquidity Risk Management

The Company's Board approved financial risk policies comprise liquidity, currency, interest rate and counterparty
risk. The Company does not engage in speculative treasury activity but seeks to manage risk and optimize
interest through proven financial instruments.

(a) Liquidity

The Company requires funds both for short-term operational needs as well as for the long-term investment
programme mainly in for repayment of loans. The Company generates sufficient cash flows from the current
operations which together with the available cash and cash equivalents and short-term investments provide
liquidity both in the short-term as well as in the long-term.

The company remains committed to maintaining a healthy liquidity, gearing ratio, deleveraging and strengthening
our balance sheet. The maturity profile of the Company's financial liabilities based on the remaining period from
the date of balance sheet to the contractual maturity date is given in the table below. The figures reflect the
contractual undiscounted cash obligation of the Company.

37 Capital management

For the purpose of the Company's capital management, capital includes issued equity capital and all other
equity reserves attributable to the equity holders of the Company. The Company strives to safeguard its ability to
continue as a going concern so that they can maximise returns for the shareholders and benefits for other stake
holders. The aim to maintain an optimal capital structure and minimise cost of capital.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions
and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may
return capital to shareholders, issue new shares or adjust the dividend payment to shareholders (if permitted).
Consistent with others in the industry, the Company monitors its capital using the gearing ratio which is total debt
divided by total capital plus total debts.

*Note: The company does not have qualified borrwings and borrowing by way of issuance of debt securities
during the financial year 31 March 2024 (Previous year Rs Nil)

(b) The company does not have unsupported bank borrowings or plain vanilla bonds.

39 There are no amounts due and outstanding to be credited to Investor Education & Protection Fund as at March
31, 2025.

40 Aggregate amount of loans or advances in the nature of loans given during the year is Rs. 45,83,23,800/-.
Percentage thereoff to the total loans granted is 100%.

Aggregate amount of loans granted to Promotoers, related parties as defined in clause (76) of section 2 of the
Companies Act, 2013 is Rs. 8,27,25,000

42

42.1 (a) That other than as disclosed in the notes to the accounts, no funds 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(s) or entity(ies), including foreign entities (“Intermediaries”), with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

(b) That other than as disclosed in the notes to the accounts, no funds have been received by the company
from any person(s) or entity(ies), including foreign entities (“Funding Parties”), with the understanding, whether
recorded in writing or otherwise, that the company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

42.2 That the company has not entered into any non-cash transactions with directors or persons connected with him.

43 The company is not required to prepare Consolidate financial statement.

44 That the company has no borrowings from banks or financial institution on the basis of security of current asset.

45 That the company is not declared wilful defaulter by any bank or financial institution or other lender.

46 Details of delay in the payment of Principal or Interest not paid on due date. (As Annexed)

47 That the company has not entered any transaction with the companies struck off under section 248 of Companies
Act 2013 or section 560 of the Companies Act 1956.

48 That there is charge or satisfaction which is yet to be registered with ROC beyond the statutory period against
the vehicle.

49 The board of Director has decided not to declare dividend in the current year.

50 Title deed of immovable property not held in name of the company:

The company does not possess any immovable property which is not held in the name of the company.

51 Proceeding under Benami transactions (prohibition) act, 1988:

There is no proceedings initiated or is pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

52 Compliance with number of layers of companies:

Company has complied with the number of layers prescribed under clause (87) of Section 2 of the Act, read with
Companies (Restriction on number of Layers) Rules, 2017.

53 Compliance with approved Scheme(s) of Arrangements:

The company has not entered into any scheme of arrangement.

54 Re-valuation of property, plant and equipment and intangible assets:

The Company has not revalued any of its Property, Plant and Equipment and Intangible Assets.

55 Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

56 Undisclosed income:

That there has been no surrendered or disclosed 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).
Also, previously there was no unrecorded income and related assets in the books of account during the year
which have not been properly recorded.

58 Corporate Social Responsibility - That the provision of section 135 of the Companies Act, are not applicable on
the company.

59 Events after the reporting period

There have been no events after the reporting date that require disclosure in the financial statements.

60 Previous year ended figures have been regrouped/ rearranged wherever necessary, to conform with the
current year.

61 The above financial statements have been reviewed by the audit committee and subsequently approved by the
Board of Directors at its meeting held on May 22, 2025.

For Manish Pandey & Associates For and on behalf of the Board of Directors

Chartered Accountants

Firm Registration No. - 019807C

Sd/- Sd/- Sd/-

CA Nisha Goverdhanshas Narayani Surendra Chhalani Kunal Lalani

Partner Director Director

M. No. - 623330 DIN: 00002747 DIN: 00002756

UDIN: 25623330BMIXML3611 Sd/-

Place: New Delhi Shashwat Chaudhary

Date: 22/05/2025 Company Secretary (ACS72020)