2. Segment Reporting

Segment Reporting as defined in Accounting Standards 17 are not applicable as the company is primarily engaged in Finance Activity.

3. Disclosure requirements as per Accounting Standard 18 (AS-18) "Related Party Disclosure” issued by the Institute of Chartered Accountants of India.

I. List of Related Parties:

a) Associate companies where Directors or Relatives of Director are Directors.

i. Mangalam Exim Private Limited.

ii. Shree Kumar Mangalam Traders Private Limited.

iii. Harivasta Education Private Limited.

iv. Nalini Stockbrokers Private Limited.

v. Rastogi Textiles Private Limited.

vi. Aditri Neuroscience Private Limited

b) Key Management Personnel

i. Santkumar Kesardeo Bagrodia - Managing Director.

ii. Shailja Santkumar Bagrodia - Director.

iii. Machhindranath Patil - Independent Director.

iv. Suvarna Shinde - Independent Director.

v. Swara Khande - CFO

III. Particulars of Outstanding Balance at the end of the year with Related Parties

Outstanding balance at the end of the year Rs. Nil (P. Y. Nil) of any related Party.

18. Financial Instruments

This section gives an overview of the significance of financial instruments for the Company and provides additional information on the balance sheet. Details of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, in respect of each class of financial assets and financial liabilities are disclosed.

The management has assessed that the fair value of current and non-current loan and advances, other non-current asset, trade receivables approximate their carrying amounts largely due to the short term maturities of these instruments.

The fair value of Investments are based on the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to estimate the fair values:

1) The fair values of the quoted equity shares and mutual funds are based on price quotations at the reporting date.

2) Investment in Subsidiary and Associate Companies are carried at cost.

3) The fair values of the unquoted debentures, mutual fund and equity shares have been estimated using Net Asset Value (NAV) as at reporting date.

The valuation of unquoted equity shares requires management to make certain assumptions about the Model Inputs, including forecast of cash flows, discount rate, credit risk and volatility. The probabilities of the various estimates within range can be reasonably assessed and are used in management’s estimate of fair value for these unquoted shares. Wherever, the probability is low, valuation has been done based on redemption assumptions.

The significant unobservable inputs used in the fair value measurement categorized within Level 3 of the fair value hierarchy together with a quantitative sensitivity analysis as at 31st March, 2024 and 31st March, 2025 are as shown below.

19. Financial Risk Management Objectives and Policies

The Company’s financial risk management is an integral part of how to plan and execute its business strategies.

Fair Value Hierarchy

The different levels have been defined below:

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices)

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs)

20. Disclosure relating to Trade payables:

a. There are no outstanding dues to Micro, Small and Medium Enterprises to the extent information available with the company and the payments in respect of such suppliers are made within the appointed day.

b. Since there is no Outstanding Trade payables which is due for payment as on 31^st March 2025, hence disclosures relating to its ageing schedule are not applicable to the company.

21. Trade receivables ageing schedule:

Since there is no Outstanding Trade receivables as on 31^st March 2025, hence disclosure relating to its ageing schedule are not applicable to the company.

22. Capital work-in-progress ageing schedule:

Since Capital work-in-progress as on 31^st March 2025 is NIL, hence disclosure relating to its ageing schedule are not applicable to the company.

23. Intangible assets under development ageing schedule:

Since Intangible assets under development as on 31^st March 2025 is NIL, hence disclosure relating to its ageing schedule are not applicable to the company.

24. Disclosures pursuant to Master Direction - Reserve Bank of India (Transfer of Loan Exposures) Directions 2021 dated 24^th September 2021:

a. Details of transfer through direct assignment in respect of loans not in default:

Since the company has not given any loan which is Outstanding at the beginning of the year nor has granted any loan during the year, hence disclosure relating to same are not applicable.

b. The company has not acquired any loan in default during the year ended 31^st March 2025.

c. The Company has not transferred or acquired any stressed loan during the year ended 31^st March 2025.

25. Disclosure pursuant to RBI Master Directions, 2021 dtd. 17^th February 2021.

Since the company has not given any loan which is Outstanding at the beginning of the year nor has granted any loan during the year, hence disclosure relating to same are not applicable.

26. Disclosure relating to RBI circular dtd. 12^th November 2021 and dtd. 13^th March 2020:

Since the company has not given any loan which is Outstanding at the beginning of the year nor has granted any loan during the year, hence the said circulars are not applicable.

27. The Company does not hold any immovable property either owned or leased as on 31^st March 2025 and 31^st March 2024, hence disclosure relating to Title deeds of immovable property held in the name of the company and / or its revaluation are not applicable.

28. No proceedings have been initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder, as at 31^st March 2025 and 31^st March 2024.

29. Since the company has not taken any borrowings from any banks and / or Financial institutions, hence disclosure relating to filing of quarterly returns or statement of current assets are not applicable.

30. The Company are not a declared wilful defaulter by any bank or financial Institution or other lender, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India, during the year ended 31^st March 2025 and 31^st March 2024.

31. 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 during the year ended 31^st March 2025 and 31^st March 2024.

32. Registration of charges or satisfaction with Registrar of Companies (ROC):

Since the company has not mortgaged any property / assets whether moveable or immoveable, nor has taken any loan, hence the same are not applicable to the company.

33. Disclosure relation to utilisation of borrowed funds for specific purpose:

The company has not taken any borrowing from any Banks and/or Financial institutions, hence disclosure relating to Utilisation of borrowings for specific purpose are not applicable.

34. Disclosure relating to utilisation of borrowed funds and share premium:

a. The company has not taken any borrowings from any banks and/or financial institutions and / or has not issued any shares at premium. Hence disclosure relating to grant of loans, advances or its investment to any other persons or to any other entity are not applicable.

b. The company has also not given any guarantee, security or the like to or on behalf of the ultimate beneficiaries. Hence disclosure of the same are not applicable.

c. The company has not received any funds from any persons or entities including Foreign entities, hence disclosure relating to the same are not applicable

* The Company is not required to comply with the guidelines on Liquidity Coverage Ratio (LCR) in line with Master Direction - Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021 as at 31^st March 2025 and 31^st March 2024.

36. The Company has not traded or invested in Crypto currency or Virtual Currency during the year ended 31^st March 2025 and 31^st March 2024.

37. Compliance with approved scheme of arrangements

The company has not applied for any scheme of arrangements with any competent authority in terms of sections 230 to 237 of the Companies Act, 2013, hence disclosure relating to same are not applicable.

38. Deferred taxes on Income:-

The company is entitled to create deferred tax asset/ liability in the Books of accounts with respect to timing difference of carried forward business and depreciation losses as well as depreciation. However, in view of carried forward business & depreciation losses there is no reasonable certainty that the asset can be realized. Hence the deferred tax asset on account of carried forward losses are not recognized on the ground of prudence, but Deferred Tax Assets on account of Depreciation for the current year has been recognised in the Books of accounts, details of

39. In the absence of confirmation from some of the parties and pending reconciliation the debit and credit balances with regard to recoverable and payable have been taken as reflected in the books. In the opinion of the Directors, Loans and Advances and Current Assets, if realized in the ordinary course of business, have the value at which they are stated in the Balance Sheet.

40. There have been no transactions which have not been recorded in the books of accounts that have been surrendered or disclosed as income during the year ended 31 March 2025 and 31 March 2024, in the tax assessments under the Income Tax Act, 1961. There have been no previously unrecorded income and related assets which were to be properly recorded in the books of account during the year ended 31 March 2025 and 31 March 2024.

41. As per Ind AS 33 "Earning Per Share’’ issued by Institute of Chartered Accountant of India the Company gives following disclosure for the year.

43. The figures of the previous year have been regrouped and recast wherever necessary to confirm to the groupings of the current year.

44. During the year, the Company has provided Rs. NIL/- (P.Y. NIL-), towards Non- performing Assets in accordance with the prudential norms prescribed by Reserve Bank of India.

45. There were no outstanding Dues to Micro, Small and Medium Enterprises to the Extent Information Available with the Company and the Payments in respect of such suppliers are made within the appointed day.