30 Segment Reporting: During the year the company was engaged only in Investment and Financing activities and its activities were confined to India. Hence there are no reportable segments of the company.
31 Balances under the head Trade Receivables, Loans & Advances and other liabilities are subject to confirmation from the respective parties.
32 Impairment of Assets: The company has carried out an impairment test as per ‘Accounting Standard - 28', issued by I.C.A.I on all the assets and no provision was required to be made towards impairment of assets for the year ending 31st March, 2026.
33 The Company has obtained a Group Gratuity Policy from the Life Insurance Corporation of India (LIC) to fund its gratuity liability towards eligible employees. Contributions are made to the policy based on actuarial valuation, and the gratuity benefits payable to employees are settled through the policy in accordance with the applicable statutory provisions.
34 Previous year figures have been regrouped/ recasted/ reclassified/ rearranged wherever deemed necessary to confirm with current year's classification.
35 Current Assets, Loans & Advances are approximately of the value as stated, if realized in the ordinary course of business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably necessary.
38 Preferential Issue:
During the year, the company issued and has allotted 22,93,400/- (Twenty Two Lakhs Ninety three thousand and four hundred only) fully paid up equity shares (‘Equity Shares”) of face value of Rs 10/- (Rupees Ten only) each at an issue price of Rs 120/- (Rupees One Hundred Twenty Only) including a premium of Rs 110/- (Rupees One Hundred Ten only) each, aggregating up to Rs 27,52,08,000/- (Twenty Seven Crore Fifty two Lakhs and eight thousand only) on a preferential basis to the identified allottees.
All the preferential issue proceeds have been utilized in accordance with the issue object(s) stated in the offer document.
39 The Company had acquired a property aggregating to Rs. 3,00,00,000 (Rupees Three Crore only) from Mr. Maddula Jaya Veera Venkata Durga Prakash through a registered sale deed, who was the guarantor for the loan taken by M/s Jayalakshmi Jewelers and M/s. Ranklin Solutions Pvt Ltd. in settlement of the outstanding loan. The said property forms part of Survey Nos. 366, 367 and 368 of Kanajiguda Village, Secunderabad. Subsequent to the acquisition, a recent judgment of the Hon'ble High Court in relation to the litigation concerning Survey Nos. 366, 367 and 368 of Kanajiguda has resulted in the transfer of the aforesaid property becoming unenforceable/void.
Pursuant to discussions held in this regard, Mr. Maddula Jaya Veera Venkata Durga Prakash has acknowledged the Company's claim and has agreed to repay an amount of Rs. 3,00,00,000 (Rupees Three Crore only) to the Company in instalments in lieu of the aforesaid property. During the fourth quarter of the financial year 2025-26, the Company has received an amount of Rs. 65,00,000 (Rupees Sixty-Five Lakh only) against the said settlement.
40 a) The company had no transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
b) There are no transactions which are not recorded in the books of accounts that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.
c) The Provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 are not applicable to the Company for the year.
d) The Company does not holds any Benami property and there are no proceedings against the company under the benami transaction (prohibition) Act 1988 (as amended from time to time).
e) Creation or satisfaction of charges are not pending for registration with Registrar of companies beyond the statutory period.
f) The Company has not been declared as a willful defaulter (as per RBI circular) by any bank or financial institution or any other lender at any time during the financial year or after the end of the reporting period.
41 As per the RBI guidelines, Liquidity Coverage Ratio is applicable to those NBFCs whose asset size is Rs. 100 crore and above. Since, the company's asset size is less than Rs. 100 crores, Liquidity Coverage Ratio is not applicable to the Company.
1. As defined in paragraph 2(1 )(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1988.
2. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non-Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007
3. All 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.
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