Where the company retains control of the financial assets, the asset is continued to be recognized to
the extent of continuing involvement in the financial assets.

x) Earnings per share

Earnings per share is calculated by dividing the profit attributable to owners of the company by the
weighted average number of equities shares outstanding during the financial year.

xi) Taxes on Income

Current Income Tax

Current Income tax is determined on the basis of taxable income in accordance with the provisions
of Income Tax Act 1961.

Deferred Tax

Deferred Tax liability / assets resulting from time difference between accounting income and the
taxable income is accounted from considering the tax rate and the laws that have been enacted or
substantively enacted as on the reported date.

Note: Disclosure of Transactions with Struck Off

29 Companies

The Company did not have any material transactions with companies struck off under
Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956
during the financial year.

Note: The figures have been rounded off to nearest rupees in

30 lakhs.

Note: Previous year figures:

31

The previous year’s figures have been reworked, regrouped, rearranged and
reclassified wherever considered necessary to make their classification comparable
with that of the current year.

Note: Secured Loans:

32

Refer to Note No.-12

Note:

33 Contingent Liabilities:

1) Estimated number of contracts remaining to be executed on capital account and not

Note: Collaboration Agreement and interest recoverable

34

The Company is a financial contributor in a collaboration project between M/s ANA
Resorts Private Limited and M/s Maksim Reality Private Limited for the development
of a commercial property located at Plot No. 29, Shanker Road, New Delhi, under a
collaboration agreement dated July 2, 2018 and later revised on dated April 01, 2022
The Company has made advance payments of 450 Lacs for purchase and joint
development of the said commercial property.

The said project is in progress, and the financial statements reflect outstanding
balances as at 31.03.2025 in capital advance and current account balance total
amounting to Rs. 754.60 lakhs, which have remained outstanding with M/s ANA
Resorts Private Limited. The interest recoverable is amounting Rs. 201.63 in
accordance with the agreement.

Out of the total unrecovered interest of Rs. 201.63 lakhs up to March 31, 2025, of
which Rs. 106.55 lakhs interest due up-to March 31, 2023 has been provided as
doubtful, considering the long outstanding nature of the amount, though it is currently
considered recoverable.

Note: Other Receivables written off

35

Due to the assessed non-recoverability of this amount, the Company has fully written
off the loan and advance amounting ?37.86 lakhs outstanding from M/s Froogal Tek
LLP. . This write-off reflects the based on the financial position of the LLP and the
unlikelihood of recovery and classified the said item as exceptional item in the
financial statements.

Notes: Disclosure for Operating Segments (IND-AS 108)

36

As per IND-AS 108, Operating Segments, the company is required to identify and
disclose information about its operating segments based on the internal management
reports reviewed by the management to allocate resources and assess performance.
The management identified and reviews financial information at a single aggregated
level, as the company does not have distinct business activities generating operating
revenue during the reporting period.

The company has evaluated its activities and determined that it does not have any
reportable operating segments under IND-AS 108, as the company earns no revenues
in the ordinary course of operations. No separate segment information is presented.
The company's income is derived solely from non-operating sources, classified under
"Other Income" in the financial statements.

The company's income comprises:

i. Rental Income: Income generated from leasing out properties owned by the
company.

ii. Interest Income: Income earned from investments in fixed deposits and other
interest-bearing instruments.

These incomes are not attributable to any specific operating segment, as they do not
arise from the company's core business operations. Accordingly, they are reported
under "Other Income" in the Statement of Profit and Loss.

Notes: Capital Management

37

The Company manages its capital to ensure that it will be able to continue as going
concerns while maximizing the return to stakeholders through the optimization of the
debt and equity balance. The Company's policy is to maintain a strong capital base so
as to maintain investors, creditors and market confidence to sustain future
development of the business.

Note: 42

Provision of Income Tax:

Provision of Rs. 1.19 lacs on account of Income Tax has been made for the year.

Note: 43

Balances in party’s accounts whether in debtors, creditors, loans & advances are subject to
confirmation. Under sundry creditors it was not possible to differentiate between total
outstanding dues to small-scale industrial undertaking and others.

Note: 44

Provision for Gratuity:

No provisions on account of Gratuity have been made for the year 2024-25. The old balance
under Provision for Gratuity is amounting Rs. 0.30 lacs carried forward from previous year. As
the company has no employees, hence the provisions of The Gratuity Act, 1972 is not applicable.
No actuarial valuation is required for the year as specified in IND-AS 19.

NOTE Th_e company has not taken loans from any bank or financial institutions.

56

NOTE

^ Holding of Benami Property: The company does not hold any benami property and benami

transactions as described under the Benami act.

^NOTE The Company has not revalued its property, plant & equipment during the year.

58

^NOTE There is no loans & advances were granted to promoters, directors, KMPs and the related

59 parties either severally or jointly with any other person.

^N°^TE The company has no capital work in progress as at the close of the year.

60

NOTE There is no immovable property hold by the company during the year. Hence the same is not

61 applicable.

NOTE There is no Intangible Assets, which is under development as at the close of the

62 year.

As per our report of even date On behalf of the Board of Directors

attached

For Ahuja Arun & Co.

Chartered Accountants

Nirajnirmal Kumar

Praveen Bhatia

Chamaria

Whole Time _.

Director

Director

DIN:00147498 DIN: 02062351

CA Aru n Ahuja
Partner

M. No. 089709,

FRN-012985N

^{Vinod Naggapa} _{Deepika Rajput}

UDIN: Mendon ^{Deepika Rajput}

Company

Place: New Delhi Secretary

PAN: PAN:

Date: 30.05.2025 BEUPM3862B AMUPD4639A