During the year

* During the year the Company came up with the public issue of 15,30,000 Equity shares of Face value of ?10/- each equity shares through Fixed Price Method, IPO was open for subscription from April 18, 2023 to April 21,2023. The Company has allotted 15,30,000 Equity shares of Face value of ?10/- each equity shares for cash at a price of ?61/- per Equity Share (including a share premium of ?51/- per Equity Share) aggregating to ?933.30 Lakhs on April 28, 2023. The equity shares of the Company got listed with Emerge platform of National Stock Exchange of India Limited on May 02, 2023. The issue was made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended.

Previous Year

** The Company had issued 225,000 equity shares on a preferential basis for cash on June 14, 2022. Each share was priced at ?110, which includes a premium of ?100 per share.

***The Company had issued 2,125,000 equity shares by way of bonus shares.

During the year, the Company has issued and allotted 1,10,00,000 warrants, each convertible into one equity share of Re 10 each, on Preferential allotment basis at an issue price of ?196.17 per warrant (Including Premium), to the Promoter/ Promoter Group of the Company and certain identified non-promoter persons/ entity, upon receipt of 25% of the issue price (i.e. ?49.04 per warrant) as warrant subscription money. Balance 75% of the issue price (i.e. ?147.13 per warrant) shall be payable within 18 months from the date of allotment i.e. February 01,2024 at the time of exercising the option to apply for fully paid-up equity share of Re 10 each of the Company, against each warrant held by the warrant holder. The respective allottees have not yet exercised their option for conversion of the warrants into equity shares and accordingly, balance 75% money towards such remaining warrants is yet to be received.

Secured Loan from Bank

• HDFC Bank Limited (Outstanding Amount-40.86 Lakhs) Secured against Includes hypothecation against motor car. The loan is repayble in 94 equal monthly installment of ?1,13,116/- each. The remaining maturity period is 43 Months from Balance sheet Date. Rate of Interest is 9.10% p.a.

• Axis Bank Limited (Outstanding Amount-75.45 Lakhs) Secured against Includes hypothecation against motor car. The loan is repayble in 60 equal monthly installment of ?2,07,584/- each. The remaining maturity period is 43 Months from Balance sheet Date. Rate of Interest is 9% p.a.

• Axis Bank Limited (Outstanding Amount-95.65 Lakhs) Secured against Includes hypothecation against motor car. The loan is repayble in 60 equal monthly installment of ?2,10,997/- each. The remaining maturity period is 57 Months from Balance sheet Date. Rate of Interest is 9.70% p.a.

• HDFC Bank Limited (Outstanding Amount-158 Lakhs) Secured against Includes hypothecation against motor car. The loan is repayble in 60 equal monthly installment of ?3,31,829/- each. The remaining maturity period is 60 Months from Balance sheet Date. Rate of Interest is 9.50% p.a.

• HDFC Bank Limited (Outstanding Amount-40.86 Lakhs) Secured against Includes hypothecation against motor car. The loan is repayble in 94 equal monthly installment of f 1,13,116/- each. The remaining maturity period is 43 Months from Balance sheet Date. Rate of Interest is 9.10% p.a.

• Axis Bank Limited (Outstanding Amount-75.45 Lakhs) Secured against Includes hypothecation against motor car. The loan is repayble in 60 equal monthly installment of f2,07,584/- each. The remaining maturity period is 43 Months from Balance sheet Date. Rate of Interest is 9% p.a.

• Axis Bank Limited (Outstanding Amount-95.65 Lakhs) Secured against Includes hypothecation against motor car. The loan is repayble in 60 equal monthly installment of f2,10,997/- each. The remaining maturity period is 57 Months from Balance sheet Date. Rate of Interest is 9.70% p.a.

• HDFC Bank Limited (Outstanding Amount-158 Lakhs) Secured against Includes hypothecation against motor car. The loan is repayble in 60 equal monthly installment of f3,31,829/- each. The remaining maturity period is 60 Months from Balance sheet Date. Rate of Interest is 9.50% p.a.

• Overdraft Facility Secured from Indian Overseas Bank Limited-No. Which is hypotheticated against Book Debts, Residential Immovable property suited at QD-4, Pitampura, Delhi-110034 owned by Directors and Personal guarantee of Directors and Family members. The Loan is carring at the Interest Rate of 11.10% p.a

• Fixed Deposit overdraft Facility Secured from Axis Bank. Which is Lein/Pledged against Fixed Deposit amounting to f1.25 cr. The Loan is carring at the Interest Rate of 8.60% p.a.

• Bill Discounting backed by Inland Letter of Credit Facility Secured from Axis Bank. Which is Inland Bills with title to the goods duly endorsed in favour of the Bank and mentioning the L/C number and date. The Loan is carring at the Interest Rate of 8.77% p.a

Note:- Quicktouch Technologies Limited is developing QuickPay, an advanced payment aggregator application. This software will integrate multiple payment methods, providing a seamless transaction experience. As of the balance sheet date, QuickPay is in the development stage, with costs being capitalized under intangible assets. These costs include salaries, software tools, legal and professional expenses and testing expenses. The project is expected to be completed and launched in the coming years, offering significant future economic benefits and enhancing our market position in the financial technology sector.

Note: During the financial year, QuickTouch Technologies Limited acquired 100% of the equity shares of Qtouch Business Solutions Private Limited (Qtouch) and Tronix IT Solutions Private Limited (Tronix). As a result of this acquisition, Qtouch & Tronix has become a wholly-owned subsidiary of QuickTouch Technologies Limited. This strategic investment is expected to enhance our business capabilities and expand our market presence. The investment has been recorded at cost in the financial statements, reflecting our commitment to strengthening and diversifying our business portfolio.

Note: The Company has paid a capital advance for the acquisition of office space. However, the possession and sale deed for this property are still pending. The project has experienced significant delays due to ongoing litigation involving the developer, who is currently undergoing the Corporate Insolvency Resolution Process (CIRP). The company is closely monitoring the situation and is in regular contact with the relevant authorities to expedite the resolution. The capital advance is recorded as a long term advance in the financial statements, pending the finalization of the sale deed and possession of the property.

Pledge of Fixed Deposit

As of March 31, 2024, the Company has placed a fixed deposit of ?1.24 crore with Axis Bank. This fixed deposit has been pledged as security for obtaining an overdraft (OD) facility from Axis Bank.

The Company has availed an overdraft facility from Axis Bank, secured against the aforementioned fixed deposit. The overdraft facility is reflected as a current liability under "Short-term Borrowings" on the Balance Sheet. Correspondingly, the pledged fixed deposit is shown under "Other Current Assets."

The Company's use of a fixed deposit to secure an overdraft facility demonstrates prudent financial management by leveraging existing assets to meet operational funding needs while mitigating risk through secured borrowing.

Note: During the financial year, QuickTouch Technologies Limited incorporated two branches in Dubai to expand its international operations. The first branch is located in Dubai Internet City, and the second branch is situated in the Dubai Airport Freezone Authority (DAFZA). These branches are established to enhance our presence in the global market for educational software and the trading of IT-enabled goods. This expansion is aimed at tapping into new markets, fostering international growth, and diversifying our revenue streams. The incorporation costs and related investments have been capitalized and are reflected in the financial statements.

Note: The company has paid a security deposit for the leased office space it occupies. This deposit is refundable at the end of the lease term, subject to the terms of the lease agreement. A 1% security deposit was paid to the NSE at the time of the Initial Public Offering (IPO). This deposit is held as per regulatory requirements and will be returned upon meeting the stipulated conditions.The company has also made EMD payments for other projects it is pursuing. These deposits are recorded as current assets and will be adjusted against future payments or refunded if the projects do not proceed.

NOTE : 29 EARNING PER SHARE

Basic and diluted earnings per share are calculated by dividing the net Profit or loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. The group has not issued potential equity shares, accordingly, basic, and diluted earning per share are the same.

On dated 24.04.2023, a search was conducted by the Goods and Service Tax Department in Chandigarh. We have diligently submitted all required documents and information pertaining to this case. During the search, the officer requested additional documents related to their inquiry, which were promptly provided. The case remains under review by the GST Department and not concluded yet.

NOTE : 36 INFORMATION ABOUT BUSINESS SEGMENTS

Operating segments:

Software & Support Service Trading of Mobile and IT Enabled Goods

Identification of segments:

The chief operational decision maker monitors the operating results of its business segments separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on profit and loss of the segment and is measured consistently with profit or loss in these financial statements. Operating segments have been identified on the basis of the nature of products.

In preparing the segment report for the financial year, it was deemed not feasible for the Company to allocate resources to individual segments due to integrated operations and shared resources. Consequently, the segment report has been prepared on a consolidated basis.

As per Section 135 of the Act, the Company meeting the applicability threshold, is required to spend at least 2% of its average net profit for the immediate preceeding three financial years on CSR activities. The area of CSR activities are as per Schdule V of the Companies Act 2013, which inclides promoting education, promoting healthcare and Eradicating hunger, poverty and malnutrition, distribution of food, drinking water and cloth.

NOTE : 41 UTILISATION OF INITITAL PUBLIC ISSUE PROCEEDS

Proceeds from subscription to the Issue of Equity shares under Public Issue of 2023-24, made during the year ended March 31,2024 have been utilised in the following manner:

During the year the Company came up with the public issue of 15,30,000 Equity shares of Face value of ?10/- each equity shares through Fixed Price Method at a price of ?61/- per Equity Share (including a share premium of ?51/- per Equity Share) aggregating to ?933.30 Lakhs

During the year, the Company has issued and allotted 1,10,00,000 warrants, each convertible into one equity share of ?10 each, on Preferential allotment basis at an issue price of ?196.17 per warrant (Including Premium), to the Promoter/ Promoter Group of the Company and certain identified non-promoter persons/ entity, upon receipt of 25% of the issue price (i.e. ?49.04 per warrant) as warrant subscription money. Balance 75% of the issue price (i.e. ?147.13 per warrant) shall be payable within 18 months from the date of allotment i.e. February 01,2024 at the time of exercising the option to apply for fully paid-up equity share of ?10 each of the Company, against each warrant held by the warrant holder. The respective allottees have not yet exercised their option for conversion of the warrants into equity shares and accordingly, balance 75% money towards such remaining warrants is yet to be received.

Sub Note:

* The proceeds from Public issue during the year for the purpose of meeting working capital requirements and general corporate purposes were utilized collectively towards business objects of the company.

NOTE : 42 DISCLOSURE REQUIRED BY ACCOUNTING STANDARD - 15 "EMPLOYEE BENEFITS"

(A) DEFINED BENEFIT PLAN

Gratuity liability is a defined benefit obligation and is provided on the basis of an actuarial valuation which has been carried out using the Project Unit Credit Method as per AS-15 to determine the Present Value of Defined Benefit Obligations and the related Current Service Cost and, where applicable, Past Service Cost made at the end of each financial year. The valuations do not affect the ultimate cost of the plan, only the timing of when the benefit costs are recognized. Actuarial gain/loss are immediately taken to Statement of Profit & Loss and are not deferred.

NOTE : 44 OTHER STATUTORY INFORMATION

i. Figures have been rounded off to the nearest Lakh Rupees.

ii. The Company does not have any transactions with companies struck off.

iii. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Group for holding any Benami property.

iv. These financial statements have been prepared in the format prescribed by the Schedule III to the Companies Act, 2013. Previous years figures have been recast / restated wherever necessary to make them comparable with figure of current year.

v. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall

a. 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

b. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

vi. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a. 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 party (ultimate beneficiaries) or

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

vii. 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 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

viii. The Company has not been declared as a wilful defaulter by any banks or any other financial institution at any time during the financial year or after the end of the reporting period but before the date when the financial statements are approved.

ix. Previous year's figures have been reclassified / regrouped wherever necessary to conform to current year's classification / disclosure.

x. The social security code enacted in year 2020 has been deferred by a year. When enacted, this code will have an impact on Company's contribution to Provident Fund, Gratuity and other employee related benefits. The Company proposes to do an assessment at an appropriate time and make appropriate provisions accordingly.

xi. Certain figures apparently may not add up because of rounding off, but are wholly accurate in themselves

xii. During the financial year, Quicktouch Technologies Limited did not make any investments in cryptocurrency. The Company continues to monitor the regulatory environment and potential risks associated with cryptocurrency investments but has opted to refrain from such investments to ensure financial stability and compliance with prevailing regulations.

xiii. During the financial year, in accordance with Section 77 of the Companies Act, 2013, Quicktouch Technologies Limited has created charges on the loans obtained from banks. These charges are secured against specific assets of the Company and have been duly registered with the Registrar of Companies.

NOTE : 45 The financial statements were approved by the Board of Directors and authorised for issue on May 29, 2024.