8.8) Provisions and Contingent Liabilities
The Company creates a provision when there is present obligation as a result of a past event that
probably requires an outflow of resources and are liable estimate can be made of the amount of
the obligation.
A disclosure for a contingent liability is made when there is a possible obligation or a present
obligation that may, but probably will not, require an outflow of resources. The Company also
discloses present obligations for which a reliable estimate cannot be made. When there is a
possible obligation or a present obligation in respect of which the likelihood of outflow of
resources is remote, no provision or disclosure is made.
8.9) Foreign Currency Transaction
No Foreign currency transaction during the relevant financial year.
8.10) Segment Reporting
The Company operates in a single reporting segment i.e. financing. Since, it does not meet the
quantitative thresholds laid down under the Ind AS 108 - Operating Segments for reportable
segments, it has not been considered for segment reporting.
8.11) Title deeds of Immovable Properties not held in name of the Company
The Company does not possess any immovable property (other than properties where the
Company is the lessee and the lease agreements are duly executed in favor of the lessee)
whose title deeds are not held in the name of the Company during the financial year ended
March 31, 2025 and March 31, 2024.
8.12) Details of Crypto Currency or Virtual Currency
The Company has not traded or invested in Crypto currency or Virtual currency during the
financial years ended March 31, 2025 and March 31, 2024.
8.13) Details of Benami Property Held
No proceedings have been initiated or pending against the Company for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made
thereunder in the financial years ended March 31, 2025 and March 31, 2024.
8.14) Willful Defaulter
The Company has not been declared as a willful defaulter by any bank or financial institution or
other lender in the financial years ended March 31, 2025 and March 31, 2024.
8.15) Relationship with Struck off Companies
The Company does not have any transactions with the companies struck off under section 248
of Companies Act, 2013 or section 560 of Companies Act, 1956.
8.16) Registration of Charges or Satisfaction with Registrar of Companies (ROC)
All charges or satisfaction are registered with ROC within the statutory period for the financial
years ended March 31, 2025 and March 31, 2024. No charges or satisfactions are yet to be
registered with ROC beyond the statutory period.
8.17) Compliance with number of Layers of Companies
The Company has complied with the number of layers prescribed under clause (87) of section 2
of the Act read with Companies (Restriction on number of Layers) Rules, 2017 for the financial
years ended March 31, 2025 and March 31, 2024.
8.18) Compliance with approved Scheme(s) of Arrangements
No scheme of Arrangements has been approved by the Competent Authority in terms of
sections 230 to 237 of the Companies Act, 2013.
8.19) Utilization of Borrowed funds and share premium
The Company, as part of its normal business, grants loans and advances, makes investments,
provides guarantees to and accepts deposits and borrowings from its customers, other entities
and persons. These transactions are part of Company's normal non-banking finance business,
which is conducted ensuring adherence to all regulatory requirements.
Other than the transactions described above, 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 persons or entities, 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 also not received any fund from any parties (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 Funding Party ("Ultimate Beneficiaries") or
provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
8.20) Investment Property
The company does not hold any investment property.
8.21) Undisclosed income
There are no transactions not recorded in the books of accounts.
Note: Excess amount spent for the Year ended March 31, 2025 was Rs. 4.43 lakhs.
Excess amount spent for the Year ended March 31, 2024 was Rs. 2.39 lakhs.
There is no shortfall in the CSR amount required to be spent by the Company as per section 135(5) of
the Act for the financial years ended March 31, 2025 and March 31, 2024.
CSR activities include Education, Preventive Healthcare, restoration of buildings and sites of
historical importance , environmental sustainability, ecological balance, protection of flora and
fauna, animal welfare, Training and Skill Development, eradicating hunger, poverty and malnutrition,
promoting health care including preventive health care, promoting gender equality, empowering
women Making available safe drinking water and Higher Education and other activities which are
specified under Schedule VII of Companies Act, 2013.
The Company has neither made any CSR Contributions towards its related parties nor recorded any
provision for CSR expenditure during the financial years ended March 31, 2025 and March 31, 2024.
b) The company has not acquired any stressed assets through assignment during year ended on
March 31, 2025 and March 31, 2024.
c) The company has not transferred and acquired any loans (not in default) through assignment
during year ended on March 31, 2025 and March 31, 2024.
11) The Reserve Bank of India has issued Scale Based Regulations (SBR): A Revised Regulatory
Framework for NBFCs ("the framework") vide circular No. RBI/2021-22/112DOR.CRE.REC.
No.60/03.10.001/2021-22 on October 22, 2021. The Framework categories NBFCs in Base Layer
(NBFC- BL), Middle Layer (NBFC- ML), Upper Layer (NBFC- UL) and Top Layer (NBFC- TL).
The company is classified under "Base Layer" pursuant to the framework.
12) The Company does not fall under the ambit of Large Corporate (LC) category as per the criteria
given under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018.
vii) Institutional set-up for liquidity Risk Management: - The Company has an Assets
Liability Management Committee (ALCO), a Board level sub-Committee to oversee
liquidity risk management. ALCO consists of 3 (Three) members out of which 2
members as Executive Director and 1 (one) member as Non-Executive Director. The
ALCO Meetings are held once in 3 months. The Company has a Risk Management
Committee (RMC) a sub-committee of the Board, which oversee overall risks to which
the company's exposed including risk management. The ALCO and RMC also updates
the Board at regular intervals.
Subject to our Audit report of even date
For Khilnani & Associates For and on behalf of the Board
Sd/- Sd/- Sd/-
K.K. Khilnani Panna Lal Baid Aman Baid
Partner Chairman & Managing Whole Time Director
Director DIN: 03100575
M. No. 072736 DIN:00009897
FRN. 005776C
UDIN: 25072736BMLFVT1084
Sd/- Sd/-
Aditya Baid Surbhi Rawat
Chief Financial Officer Company Secretary
Date: May 16, 2025 (M. No. A49694)
Place: Jaipur
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