q. 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.

r. 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.

s. 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.

t. 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.

Note:-

During the current year, Company has incurred losses due to which current year tax do not
arise as per Income Tax Act, 1961 nor under Minimum Alternate Tax (MAT). Consequently,
effective tax rate is not calculated.

(ii) Terms / Rights attached to Equity shares

The Company has only one class of equity shares having a par value of Rs.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.

Nature and Purpose of Reserves
Securities premium reserve:

Securities premium reserve is used to record the premium on issue of shares. These reserve is utilised in accordance with the provisions of the Act.

General Reserve:

General reserve is created in the year 2006-07 by way of transfer of profits from retained earnings for appropriation purposes. Such reserve was created in
relation to declaration and distribution of dividend.

Capital Reserve :

Capital reserve is created in the year 1992-93 under the scheme of amalgamation and arrangement.

• 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 proceedings 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 during the year.

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.

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 no Regulatory Deferral Account Balance.

s. Title deeds of immovable properties not held in the name of Company. Details of all the immovable
properties (other than properties where the Company is the leesee of and the lease agreements are
duly executed in favour of the leesee) whose deeds are held in the name of the Company are NIL.

t. There are no investment in properties.

u. The Company has not revalued its Property, Plant and Equipment or intangible assets or both during
the year.

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

w. There is no income surrendered or disclosed as income during the current or previous year in the tax
assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

• 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.

i) 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.

a. 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. The Company had made the Long-Term Investments in quoted scrips of certain companies in earlier
years. The Company had fairly valued the investments under level 1 and level 3 valuation technique as
stated in significant accounting policies.

ii) 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).

a. The management has worked out expected losses which are provided. For the available exposure,
the management has ensured that the Company has been continuously persuading to settle the
amount/recover the receivables, accordingly no further provision is being considered by the
management.

b. 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 segment i.e. trading. 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 Indian Rupees in lakhs 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 Vinod Kumar Bothra Sunita Hanuman Singhi

Partner (MD & CEO) (Director)

Membership No: 009096 (dIN: 00780848) (dIN: 06992243)

Place: Kolkata Sashi Sekhor Chowdhury Biresh Kumar Thaker

Date: 27/05/2025 (Company Secretary) (Chief Financial Officer)

Place: Kolkata Date: 27/05/2025