(b) Terms of Issue

The company has only one class of equity shares having a face value of Rs.1/- per share to one vote per share. The company declares and pays dividend in Indian rupees.In the event of liquidation of the company,each Shareholder is entitled to receive remaining assets of the company,after distribution of all prefential amounts,in proportion to the number of equity shares held by them.

(c) Aggregate no. of bonus shares issued,shares issued for consideration other than cash and shares bought back during the period of five years immediately preceeeding the reporting date is NIL

(d) The company does not have any holding company/ ultimate Holding company

15. Commitments

The Estimated amount of Contracts remaining to be executed on capital account and not provided for is

- NIL. (P.Y Nil)

16. Since the Company has operated only in one segment, i.e fund based activities , provision related to Segment Wise Report as per Ind AS 108 "Operating Segments" are not applicable to the Company.

17. There have been no events after the reporting date that require disclosure in these financial statements.

18. Earning in foreign exchange and expenditure in foreign currency - NIL

19. Since the Company has operated only in one segment, i.e., fund based activities, provision related to Segment Wise Report as per Ind AS are not applicable to the Company.

22. The Company has not entered into any transactions with the companies struck off under the Companies Act, 2013 or the Companies Act, 1956.

23. The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

24. The company has not surrendered or disclosed any 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.

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

26. No proceedings have been initiated on or are pending against the company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made therunder.

The above particulars, as applicable, have been given in respect of MSEs. No party could be identified on the basis of information available with the Company.

28. The company does not have any immovable property and no asset has been revalued in FY 2024-2025

29. The management is of the opinion that Current Assets and Current Liabilities are stated at realizable value in a normal course of business and no provision has been considered necessary.

30. The Company does not have any Intangible Assets under development

31. (a) 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 or entity, 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). The Company has not received any fund from any party (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.

(b) No funds have been received by the company from any person(s) or entity (ies), including foreign entities (“Funding Parties”), with the understanding whether recorded in writing or otherwise, that the company shall, whether, directly or indirectly lend or invest in other person or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

32. The Company has not obtained any credit rating as there are no borrowings in the Company .

33. There are no restructured accounts as at the end of financial year.

34. Earning in foreign exchange and expenditure in foreign currency-NIL

entities (“Funding Parties”), with the understanding whether recorded in writing or otherwise, that the company shall, whether, directly or indirectly lend or invest in other person or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

B. Financial Risk Management

The Company's activities expose it to a variety of financial risks, including market risk, credit risk and liquidity risk. The Company continues to focus on a system-based approach to business risk management. The Company's financial risk management process seeks to enable the early identification, evaluation and effective management of key risks facing the business. Backed by strong internal control systems, the current Risk Management System rests on policies and procedures issued by appropriate authorities; process of regular reviews / audits to set appropriate risk limits and controls; monitoring of such risks and compliance confirmation for the same.

(i) Market Risk

Market risk is the risk of any loss in future earnings, in realisable fair values or in future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in interest rates, foreign currency exchange rates, equity price fluctuations, liquidity and other market changes. Future specific market movements cannot be normally predicted with reasonable accuracy.

Foreign currency risk

Foreign currency risk is the risk that the fair value of future cash flows of an exposure will fluctuate due to changes in foreign exchange rates. Currently the Company does not have any foreign currency exposure.

Interest rate risk

The main business of the Company is providing inter corporate deposits and investment in equity shares, preference shares, Mutual fund and Alternative investment fund. These activities expose to interest rate risk.

Equity Price Risk

"Equity price risk is related to change in market reference price of investments in equity securities held by the Company. “The fair value of quoted investments held by the Company exposes the Company to equity price risks. In general, these investments are not held for trading purposes. The fair value of quoted investments in equity, classified as ""fair value through other comprehensive income"" as at March 31,2025 and March 31,2024 was Rs. 54.08 Lacs and Rs. 54.08 Lacs, respectively. “A 10% change in equity prices of such securities held as at March 31,2025 and March 31,2024 would result in an impact of Rs. 5.40 lacs and Rs. 5.40 lacs respectively on equity before considering tax impact."

ii) Liquidity Risk

Liquidity risk is the risk than an entity will encounter difficulty in meeting obligation associated with financial liabilities that are settled by deliverying cash or other financial assets. The Company mitigates its liquidity risks by ensuring timely collections of its receivables and close monitoring of its credit cycle.

The table below provides details regarding the remaining contractual maturities of significant financial liabilities at the reporting date:

(iii) Credit Risk

"Credit risk is the risk of financial loss arising from counter-party failure to repay or service debt according to the contractual terms or obligations. Credit risk encompasses both the direct risk of default and the risk of deterioration of credit worthiness as well as concentration risks.“Financial instruments that are subject to credit risk and concentration thereof principally consist of rent receivables, loans receivables, investments in alternative investment fund, preference share and mutual funds and other financial assets. None of the financial instruments of the Company result in material concentration of credit risk except some loans made by the company and against which sufficient provision for expected credit loss has been made.“The carrying value of financial assets represents the credit risk. The exposure to credit risk was Rs. 150.40 lakhs and Rs. 60.94 lakhs, as at March 31,2025 and March 31,2024 respectively, being the total carrying value of rent receivables, income receivable from investments in alternative investment funds, and other financial assets."

(iv) Capital Management Risk

The Reserve Bank of India (RBI) sets and monitors capital adequacy requirements for the Company from time to time. The Company's policy is to maintain a strong capital base for future development of the business. For the purpose of Company's capital management, capital includes issued capital and all other equity attributable to equity shareholders of the Company. As at 31st March, 2025, the Company has only one class of equity shares and has no debt.

(v) Expected Credit Loss

Ind AS 109 outlines a ‘three stages' model for impairment based on changes in credit quality since intial recognition as summarized below. The objective of the impairment requirements is to recognize life time expected credit loss (ECLs) on all financial instruments for which there have been significant increases in credit risk since initial recognition - whether assessed on an individual or collective basis.

"The measurement of ECL is calculated using three main components: “(i) Probability of Default (PD) “(ii) Loss Given Default (LGD) and “(iii) the Exposure At Default (EAD). “The 12 month ECL is calculated by multiplying the 12 month PD, LGD and the EAD. “The 12 month and lifetime PDs represent the PD occurring over the next 12 months and the remaining maturity of the instrument respectively. “The EAD represents the expected balance at default, taking into account the repayment of principal and interest from the balance sheet date to the default event together with any expected drawdowns of committed facilities. “The LGD represents expected losses on the EAD given the event of default, taking into account, among other attributes, the mitigating effect of collateral value at the time it is expected to be realised and the time value of money."

Probalility of default represents the likelihood of a borrower defaulting on its financial obligation either over the next 12 months (12M PD) or over the remaining lifetime (Lifetime PD) of the obligation.

Exposure at Default (EAD) is the total amount of an asset the entity is exposed to at the time of default. EAD is defined based on the characteristics of the assets. EAD is dependent on the outstanding exposure of an asset sanctioned amount of loan and credit conversion factor for non-funded exposure.

Loan Given Default (LGD) it is part of the assets which is lost provided the assets default. The recovery rate is derived as a ratio of discounted value of recovery cash flow (incorporating the recovery time) to total exposure of amount at the time of default.

The Company assesses when a significant increase in credit risk has occurred based on quantitative and qualitative assessments. Exposures are considered to have resulted in a significant increase in credit risk and are moved to Stage 2 when:

i. Quantitative test: Rebuttable presumption for accounts that are 30 calendar days or more past due move to Stage 2 automatically. Also,rebuttable presumption for accounts that are 90 calendar days or more past due move to Stage 3 automatically.

ii. Qualitative test: Accounts that meet the portfolio's ‘high risk' criteria and are subject to closer credit monitoring. High risk customers may not be in arrears but either through an event or an observed behaviour exhibit credit distress.

iii. Reversal in Stages: Exposures will move back to Stage 2 or Stage 1 respectively, once they no longer meet the quantitative criteria set out above. For exposures classified using the qualitative test, when they no longer meet the criteria for a significant increase in credit risk and when any cure criteria used for credit risk management are met.

1. As defined in paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

2. In case of unquoted investment, in the absence of market value book value has been considered.

3. Provisioning norms shall be applicable as prescribed in Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2016.

4. All Indian Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value/NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

38. Previous Year Figures have been regrouped/rearranged/reclassified wherever necessary

39. All the figures in these notes are in Indian Rupees (Rs.) in lacs except otherwise stated.