p. Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result
of a past event, it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
When the Company expects some or all of a provision to be reimbursed, the reimbursement is
recognised as a separate asset, but only when the reimbursement is virtually certain. The expense
relating to a provision is presented in the statement of profit and loss net of any reimbursement.

q. Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the
control of the Company or a present obligation that is not recognized because it is not probable that an
outflow of resources will be required to settle the obligation. The Company does not recognize a
contingent liability but discloses its existence in the financial statements.

r. Significant Accounting Judgements, Estimates and Assumptions

The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the
accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these
assumptions and estimates could result in outcomes that require a material adjustment to the carrying
amount of assets or liabilities affected in future periods.

(i) Estimates and Assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the
reporting date, that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next financial year, are described below. The Company
based its assumptions and estimates on parameters available when the financial statements were
prepared. Existing circumstances and assumptions about future developments, however, may
change due to market changes or circumstances arising that are beyond the control of the
Company. Such changes are reflected in the assumptions when they occur.

a. Taxes

Deferred tax assets are recognised to the extent that it is probable that taxable profit will be
available against which the losses and tax credits can be utilised. Significant management
judgement is required to determine the amount of deferred tax assets that can be recognised,
based upon the likely timing and the level of future taxable profits together with future tax
planning strategies.

b. Expected Credit Loss Model

The Company applies expected credit loss (ECL) model for measurement and recognition of
impairment loss on the Financial Assets. The Company follows 'simplified approach' for
recognition of impairment loss allowance on trade receivables. As a practical expedient, the
Company uses historically observed default rates over the expected life of the trade receivables
and is adjusted for forward-looking estimates to determine impairment loss allowance on
portfolio of its trade receivables.

s. Exceptional Items

When items of income and expense within profit or loss from ordinary activities are of such size, nature
or incidence that their disclosure is relevant to explain the performance of the enterprise for the
period, the nature and amount of such material items are disclosed separately as exceptional items.

(ii) Terms / rights attached to Equity shares

The Company has only one class of equity shares having a par value of ?10/ - per share. Each equity shareholder is entitled
to one vote per share. The Company declares and pays dividends in Indian rupees. The Company has not declared any
dividends for the year ended 31st March, 2025. In the event of liquidation of the Company, the holders of the equity shares
will be entitled to receive the remaining assets of the company, after distribution of all preferential amounts. The
distribution will be in proportion to the numbers of equity shares held by the share holders.

iii) The Company does not have any Holding/ Ultimate Holding Company. As such, no shares are held by them or their
Subsidiaries/ Associates.

v) There are NIL (P.Y. NIL) shares reserved for issue under option and contracts / commitment for the sale of
shares/ disinvestment.

vi) During the period of five years immediately preceding the reporting date:

a. No shares were issued for consideration other than cash

b. No bonus shares were issued

c. No shares were bought back

vii) There are NIL (P.Y. NIL) securities convertible into Equity/ Preference Shares.

viii) There are NIL (P.Y. NIL) calls unpaid including calls unpaid by Directors and Officers as on the balance sheet date.

ix) Therer are NIL (P.Y. NIL) Forfeited shares.

• Additional Information as required under paragraph 5 of Part II of Schedule III to the Companies Act, 2013
to the extent either "NIL" or "Not Applicable "has not been furnished except payment to the Auditors.

• Additional Regulatory Information as per Schedule III of Companies Act, 2013:

a. The company has NIL liabilities associated with group of assets classified as held for sale and non-current
assets classified as held for sale.

b. The Company has not declared any dividend on Equity shares. The Company has not issued any Preference
shares.

c. The Company has not issued securities for specific purpose.

d. The Company has not borrowed any funds from banks and financial institutions for the specific or any
other purpose.

e. No procedings have been initiated or pending against Company for holding any Benami Property under
Prohibitions of Benami Transactions Act,1988 (Earliers titled as Benami transactions (Prohibitions)
Act,1988

f. The Company is not declared a wilfull defaulter by any Bank or Financial Institution or any other lender.

g. The Company did not have any transactions with companies struck off under Section 248 of the

Companies Act.

h. The company has not registered any charge or satisfaction of charge with ROC.

i. The Company has no Holding, Subsidiary or associate company and hence the company does not have any

layers prescribed under clause 87 of sub section 2 of companies act, 2013.

NA - Not Applicable

k. During the year no Scheme of Arrangement has been formulated by the Company or pending with
competent authority.

l. 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 lend or invest in party identified by or on behalf of the Company (Ultimate
Beneficiaries).

m. The Company has not received any fund from any party(s) (Funding Party) with the understanding that the
Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on
behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of
the Ultimate Beneficiaries.

n. The Company has neither applied any accounting policy retrospectively, made restatement of items of
financial statement nor reclassified items of its financial statement.

o. There is no share application money pending allotment in books of the Company during the year.

p. The Company has not issued preference shares since inception of the Company.

q. During the year under review, the Company has not issued any Compound financial instruments such as
convertible debentures.

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

s. The Company has not revalued its property, plant and equipment or intangible assets or both during the
current or previous year.

• The Company is exposed to market risk and credit risk. The Company has a Risk management policy and its
management is supported by a Risk management committee that advises on risks and the appropriate risk
governance framework for the Company. The audit committee provides assurance to the Company's
management that the Company's risk activities are governed by appropriate policies and procedures and
that risks are identified, measured and managed in accordance with the Company's policies and risk
objectives.

a. Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate
because of changes in market prices. Market risk comprises two types of risk: interest rate,
currency risk and other price risk, such as commodity price risk and equity price risk. Financial
instruments affected by market risk include FVTPL investments, trade payables, trade receivables,
etc.

i. The Company had made the Long-Term Investments either in quoted or unquoted scrip's of
certain companies in earlier years. Presently, one company is under liquidation and is
suspended from trading in recognized stock exchanges. The Company has fairly valued the
investments under level 1 and level 3 valuation technique as stated in significant accounting
policies.

ii. In the Opinion of the Board, all the current assets, loans and advances have a value on
realisation in the ordinary course of business at least equal to the amount stated in the Balance
Sheet and all the known liabilities have been provided for, unless otherwise stated elsewhere in
other notes.

b. Credit Risks

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or
customer contract, leading to a financial loss. The Company is exposed to credit risk from its
operating activities (primarily trade receivables).

i. The Company has Other Receivables which are outstanding for a considerable period of time
and considered good for recovery by the management. For the available exposure, the
management has ensured that the Company has been continuously persuading to settle the
amount /recovered the receivables, accordingly no further provision is being considered by the
management.

ii. Certain Debit Balances as stated in the financial statements are being subject to confirmation
and reconciliation thereof, and the same have been taken as per the balances appearing in the
books. The consequent necessary adjustments, either of a revenue nature or otherwise, if any,
will be made, as and when these accounts are reconciled and confirmed.

• The Company has one reportable business segments i.e. Consultancy & Other Services. The Company
operates mainly in Indian market and there are no reportable geographical segments.

• The figures appearing in the Financial Statements have been rounded off to nearest rupee.

• All amounts disclosed in the financial statements are in Rupees (?) until and unless specified specifically.

• The company's accounting software has audit trail functionality (edit log). This feature remained
operational throughout the year, capturing a chronological record of all relevant transactions processed
within the software.

• Previous year's figures have been regrouped/ reclassified wherever necessary to correspond with the
current year's classification / disclosure.

Notes referred to above form an integral part of Financial Statements

As per our attached report on even date

For Mohindra Arora & Co. For and on behalf of the Board of Directors

(Chartered Accountants)

(FRN:006551N)

Ashok Kumar Katial Yogesh Lama Ruchi Gupta

Partner (MD & CEO) (Director)

Membership No: 09096 (DIN: 07799934) (DIN: 07283515)

Place : Mumbai Kapila Tanwar Satya Pal Singh Dhama

Date : 21/05/2025 (Company Secretary) (Chief Financial Officer)

Place: Mumbai Date: 21/05/2025