The Holding Company has only one class of Equity shares having a par value of INR 2 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend which is approved by the Board of Directors.

*As per the approved resolution plan the promoter & promoter group shareholding held by Linkstar Trust, However due to techncial/legal issue, the shares could not be transferred to demate account. Further also, as per the approved resolution plan dated 25.09.2020, the above shares has been owned to the Linkstar Trust as per order of the Hon'ble NCLT dated 25.09.2020 and due to this order eartswhile propmoters Mr.Amalendu Mukherjee, Mr. Bibekananda Mukherjee & Ms. Namita Mukherjee ceased to be promoter & promotor group w.e.f 25 Sept 2020.

# The equity Shares of Ex promoter & promoter group held in the Trust namely "Linkstar Trust" as per the approved resolution plan dated 25.09.2020.

#The equity Shares of Ex promoter & promoter group held by Trust of the Resolution Applicant i.e. Linkstar Trust as per the approved resolution plan dated 25.09.2020.

*As per the approved resolution plan the promoter & promoter group shareholding held by Linkstar Trust, however due to technical/legal issue, the shares could not be transferred to demat account. Further also, as per the approved resolution plan dated 25.09.2020, the above shares have been owned to the Linkstar Trust as per order of the Hon'ble NCLT dated 25.09.2020 and due to this order erstwhile promoters Mr. Amalendu Mukherjee, Mr. Bibekananda Mukherjee & Ms. Namita Mukherjee ceased to be promoter & promotor group w.e.f. 25 Sept 2020.

(iii) (iii) The Company has only one class of Equity Shares having a par value of INR 2 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend, which is approved by Board of Directors. .

(iv) The description of the nature and purpose of each reserve within other equity is as follows:

a) Capital reseve: The Company has not transferred any amount to the Capital reserves for the year ended 31st March, 2024

b) Capital redemption reserve:The Company has not transferred any amount to the Capital redemption reserves for the year ended 31st March, 2024

c) Securities premium account: Securities premium account represents the premium received on issue of shares over and above the face value of equity shares. The account is available for utilization in accordance with the provisions of the Companies Act, 2013.

d) General Reserve: The Company has not transferred any amount to the reserves for the year ended 31st March, 2024

e) Retained earnings: During the financial year Retained earnings represents surplus/accumulated earnings of the Company and are available for distribution to shareholders

Notes forming part of the Financial Statements (I) ASSETS

(1) NON CURRENT ASSETS

14. Status of Implementation of Approved Resolution Plan passed by the Hon'ble NCLT

14.1. The resolution plan was duly implemented by the company and the company has also filed the closure report before the Hon'ble NCLT, New Delhi Bench, the closure report was taken on record by the Hon'ble NCLT, New Delhi bench on 18th November 2022

14.2 Arbitration notice served to RUDSICO, local self-government Department to invoke Arbitration as on 06.03.2023 for non-payment and termination of "Smart Rajasthan" contract for Rs. 35.28 Cr. Presently the matter is pending before Hon'ble High court of Jaipur for appointmenotf Arbitrator as per the terms of contract.

14.3. The Company filed application U/S 9 against Linkwell Telesystems Pvt Itd for O/S amount of Rs 7.90 Crore the same is pending before Hon'ble NCLT Hydrabad.

15. Receivable under arbitration

The Company has initiated the arbitration proceeding for claim of ^. 395 Crores ( appx) against Minosha India Limited (Formerly Knowns as RICOH India Limited) for various project executed joinlty.

17. Fair Value of Assets and Liabilities

In the opinion of the company and to the best of their knowledge and belief, the value of realization of current assets, loans and advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet except as shown doubtful and provision for all known liabilities, expenses and income have been made in the accounts unless stated otherwise in the notes.

18. Disclosures relating to "Employee Benefits":

a) Defined contribution plans

The Company's employee provident fund scheme is a defined contribution plans. A sum of Rs. 1,37,732/-(Previous Year Rs. 97,773/- ) has been recognized as an expense in relation to the scheme and shown under Employee Benefit Expenses in the Statement of Profit and Loss.

b) Defined Benefit plans:

The Company has no defined benefit plans to make provisions for employee benefits in accordance with the Ind AS 24 "Employee Benefits".

20. Segment Reporting:

The Company is mainly engaged in IT goods and IT Services. These, in context of Indian Accounting Standard on Segment Reporting, as specified in the Companies (Accounting Standard) Rules, 2014, are considered to constitute one single primary segment. Hence, segment reporting is not required.

21. The Company have office premises on Rent basis. Lease Rents charged to Statement of Profit & Loss ^ 17,71,000 /- (previous year ^ 5,69,778/-). Since the leave & license are cancellable in nature, other disclosures as required by Ind AS-116 are not applicable.

25. Corporate Social Responsibility

During the year the company is not required to incurred expenditure towards Corporate Social Responsibility as per the Companies Act 2013. In view of the same, the company has not spent any amount for CSR during the financial year 2023-24.

28. Relationship with struck off Companies

During the Year the Company has not entered into any transactions with companies which are struck off under section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.

29. Compliance with number of layer of Companies

During the Year the Company has not made any investment in any company and therefore, conditions specified under clause (87) of Section 2 of The Companies Act, 2013 with the Companies (Restriction on number of layers) Rules, 2017 are not applicable in the year under consideration.

30. Proceedings against the Company under Prohibition of Benami Property Transactions Act, 1988

There are no proceedings initiated or are pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder.

31. Details of Benami Property held

The Company does not hold any benami property as mentioned under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

32. Wilful Defaulter

The Company has not been declared wilful defaulter by any Bank or Financial institution or any other lender.

33. Undisclosed Income

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

34. Registration of charges or satisfaction with Registrar of Companies

The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

35. Details of Crypto Currency or Virtual Currency

The Company has neither traded nor invested in crypto currency or virtual currency during the financial year.

36. Previous year figures are regrouped or reclassified or rearranged as necessary.