1.1 Basis of Preparation :

The Standalone financial statements of the company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP) The Company has prepared these financial statements to comply in all material respects with the accounting standards notified under Section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 and Companies (accounting Standards) Amendments Rules, 2016 and the guidelines issued by the Reserve Bank of India is applicable to a Systematically Important Non Deposit accepting NBFC. The Standalone Financial Statements have been prepared under the historical cost convention and on accrual basis except for interest and discounts on non-performing assets which are recognized on realization basis.

The accounting policies adopted in the preparation of standalone financial statement are consistent with those of previous year, except for the changes required as per the Companies (accounting Standards) Amendments Rules, 2016.

Note : The Kotak Mahindra Current Account held by the Company has been closed during the Financial Year.

(c) The Company has not received any intimation from its suppliers their status under The Micro , Small and Medium Enterprise Development Act, 2006 and hence no disclosure required under the said Act can be made.

(d) I he balances of sundry debtors, creditors and loans & advances are subject to confirmation.

( e) The Company has not made any Expenditure / Remittances in Foreign Currencies

(a) Rights. preference, repayability and restriction, if any, on equity shares

The Company has only ore class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation; the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding.