4.14 Provisions and contingent [labilities
A provision is recognised when the Company has a present legal or constructive obligation as a msoit of past events,
and it. is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable
estimate can be made, Provisions (excluding retirement benefits) are discounted to their present value at a pre-tax
rate that reflects current market assessments of the time value of money and the risks specific to the liability and are
determined based on the best estimate required to settle the obligation at the Balance Sheet date. These are
reviewed at each Balance Sheet date and adjusted to reflect the current best estimates. The unwinding of the
discount is recognised as finance cost.
Contingent liabilities are disclosed in the notes. Contingent liabilities are disclosed for:
(1) Possible obligations which will be confirmed only by future events not wholly within the control of the Company or
(2} Present obligations arising from past events where it is not probable that an outflow of resources will be required
to settle the obligation ora reliable est innate of the amount of the obligation cannot be made.
Co n ti n g ent a s sets a re not recog n :sed in the co nspl idated financial sta tements. I \ oweve r, the s a me a re d i sd o sed i n
the consolidated financial statements where an inflow of economic benefit is probable
4.15 Events after reporting date
Events after the reporting period are classified into adjusting and non-adjusting events. Adjusting events provide
evidence of conditions that existed at the end of the reporting period, while non-adjusting events a re those that a re
indicative of conditions that arose after the reporting period. Adjusting events are reflected in the consolidated
financial statements: non-adjusting events of material size or nature are disclosed in the notes.
4.16 Exceptional Item
Exceptional items include income or expense that are part of ordinary activities, however, are of such significance and
na tu re ( ha t sepa ra te d isd o s u re en a bl es t he us er o f Con sofida ted f i na nci a I statem e n ts to u n derstan dtheimpactina
more meaningful manner Exceptional items are identified by virtue of either their size or nature so as to facilitate
comparison with prior perrods and to assess underlying trends in the financial performance of the Company.
Exceptional items arc presented separately in the consolidated financial statements and excluded from the computation
of EBITDA to enable bettor understanding of the Company's norma! operating performance.
a) Terms / Rights attached to Equity Shares
The company has only one class of shares i e, equity shares having a par value of Rs. 10/- per share Each holder of equity
shares is entitled to one vote per share.
In the event of liquidation of the company, the holders of equity shares will he entitled to receive remaining assets of the
company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity
shares held by the shareholders.
Discontinued as NEFC and is an Unregistered CFC bui stil) governed by RBI Act, 1934
Nature and purpose of Reserves:
a. Capital Reserve: The Reserve is created based on statutory requirement under the Companies Act, 2013. This is not
available for distribution of dividend but can be utilized for issuing bonus shares
b. Securities Premium: Securities premium is used to record premium on issue of shares. The reserve is utilised in accordance
with the provisions of the Companies Act, 2013.
c. General Reserves: General Reserve. Genera! Reserve comprises of amount transferred from Reserve Fund created as per
Section 45 1C of the Reserve Bank of India 1934 post deregistration as NBFC.
d. Retained earnings: Retained earnings are the profits that the Company has earned till date, less any transfers to statutory
reserve, debenture redemption reserve, general reserve, dividends distributions paid to shareholders and transfer from
debenture redemption reserve
e. FVOCI equity instrument: I he fair value change of the long term investments in securities have been recognised :n
reserves under FVOCI equity mstruments as at the date of transition and subsequently in the other comprehensive income
for the year.
Note 18: ADDITIONAL NOTES ON ACCOUNTS :
1) Note 1 to If! referred herein forms an mtegrai part of these Standalone Financial Statements.
2) l'he Company is engaged in the finance business which constitutes a single business segment, accordingly, disclosure
requirement of Ind AS 108 "Operating Segments" is not required to be given.
3) Contingent Liability and comm item erts :
a) Contingent Liabilities to the extent not provided for:
a) Deputed demand oi Income-tax pending appeals amounting to ^ 109 79/- (PY ^ 603-87/-) against whuh an
amount of V ^99.08/- (PV t MU) has been adjusted against refund due to the Company and nt> amount has
been paid under protest nor provided for.
b) Disputed demand of TDS amounting to ^ 1.39 (PY ^T.39/-) against which an amount ot t; Nil (PY ^ Nil) is
outstanding and not provided foe
b) Capital and other commitments:
hfll
c Provision For Taxation:
The Company has migrated to the new regime of Income Tax Act, 1961 p/s 115 BAA Provision for taxation for the year has
been made after considering allowance, claims and relief available to the Company, if any,
d There were no Such transactions That Were not recorded in the books of accounts that have been surrendered of disclosed
as income during the year in the tax assessments under the Income Tax Act. 1961 (such as, search or survey or any other
relevant provisions of the Income Tax Act, 19*61),
11) Disclosure of CSR Activities os per Sec. 135 r
Pursuant to the Provisions of Section 135 of the Companies Act 2013 read with companies (Corporate Social Responsibility
Policy) Rules 2014 ire not applicable on Company.
12) Financial Instruments by Category and fair value hierarchy:
Set out below, is a comparison 3)y (lass of the carrying amounts and fair value of 1 he Company's financial instruments, other
than those with carrying amounts that are reasonable approximations of fair values.
I he fair values of the financial assets and financial liabilities included in the level 2 and level 3 categories have beer,
determined m accordance with generally accepted pricing modets based on a discounted cash flow analysis, with the most
significant inputs being the discount rate that reflects the credit risk of counterparties.
To provide an indication about the reliability of the nputs used in determining fair value, the Company has classified its financial
instruments into throe levels prescribed under the Ind A5 An explanation for each levei is given below
Level li Quoted {unadjusted) market prices in aefive markers for identical assets or liabilities.
Level 2: Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or
indirectly observable.
Level 3. Valuation technique* tor which the lowest level inpui that is significant to the lair value measurement is unobservable.
Motes:
1 There have been no transfer between Level 1, Level 2 and Level 3 during the period March 31, 2026 and March 31, 2025.
2 The management has assessed that the carrying amounts of cash and cash equivalents, loans, other financial assets and
other financial liabilities reasonably approximate their fair values, largely due to the short'term nature of these instruments.
13) Financial risk management objectives and policies to the extent applicable:
The company is an unregistered core investment company and having its major exposure to the group companies and
therefore the company does not envisage any market risk, currency risk, interest rate risk, price risk, liquidity risk and credit
risk. The Company's senior management in consultation with audit committee has the responsibility for establishing and
governing the Company's overall risk management framework, wherever applicable,
c i} None of the parties to whom loans were given have made investment in the shares of the Company,
ii) The above Advances fall under the category of loans, which are repayable on demand and interest has been
charged on it.
15) Pursuant to Ind AS 112 - 'Disclosure of Interests in Other Entities' the interest of the Company in various
Associates are as follows:
a The Company is holding more than 20% Equity Shares in Agarwal Coal Corporation Private Limited 32.03% (PY
32,63%) and Agarwal Fuel Corporation Private Limited 43,55% [PY 43,55%) which are therefore Associate
companies within the meaning of section 2(6) of the Companies Act, 2013 and as per applicable* IND AS the
consolidated financial statements shall be separately prepared.
b The company has complied with the number of layers prescribed under clause [B7) of section 2 of the Act read
with the Companies [Restriction on number of Layers) Rules, 2017,
16) Consolidation of Accounts:
Consequent to the transfer of 916,297 equity shares of Arch ana Coal Private Limited, Available Finance Limited has ceased
to be a subsidiary and has become an associate company. Archana Coal Private Limited holds a 49.22% (Previous Year:
57,22%) equity stake in the Company, thereby rendering the Company an associate within the meaning of Section 2(6) of
the Companies Act, 2013.
17) In accordance with IND AS - 109 the long-term investments held by the company are to be carried at Cost or Fair Value. All
the investments of the Company have been considered by the management to be of long-term nature.
18) The balances of Borrowings and Loans & Advances are subject to respective consent, confirmation, reconciliation and
consequential adjustments, if any,
19) Subsequent events
There have been no events after the reporting d3te that require adjustment/ disclosure in these financial statements.
20) Details of Benami Property held:
During the year, no proceedings have been inib'ated or pending against the company for holding any benami property under
the Benami Transactions (Prohibition) Act, 198B [45 of 198B) and rules made thereunder.
21) Indications of Impairment
In the opinion of management, there are no indications, internal or external which could have the effect of impairing the
value of assets to any material extent as at the Balance sheet date requiring recognition in terms of Ind AS 36,
22) Registration of charges or satisfaction with Registrar of Companies (ROC):
During the year, creation, modification or satisfaction of charge which were to be registered with ROC [if any) have been
done wtthtn the statutory period.
23) Relationship with Struck off Companies:
The Company has no Investment in securities, Receivables, Payables, Share-holding or Other outstanding balances with such
companies,
24) According to Ind AS - 7 the desired Cash flow statement is enclosed herewith.
25) The Company has no borrowings from banks or financial institutions on the basis of security of current assets with respect to
which, hence the periodical returns or statements of current assets required to be fried by the Company with banks or
financial institutions is not applicable,
26) The Company has rot traded or invested in Crypto currency or Virtual Currency during the year ended March 31, 2026 and
March 31, 2025. '
27) The company has not received 3ny funds from any person/entities, for the purpose of directly or indirectly I ending/investing/
providing guarantee/security to a another person/enSty, by or on behalf of the person/entity from whom such amount is
received,
28) The company has not advanced/loaned/invested funds to any person/entity for the purpose of directly or indirectly lending-1
investing/providing guarantee/security to a third person/entity, by or on behalf of the company
29) The Companies {Significant Beneficial Owners) Amendment Rules, 2019 lays down the rules and compliances required to be
adhered by the reporting company in India with respect of Significant Beneficial Owners ("SBO1") , There is no Significant
Beneficial Owner in the Company.
30) Previous year figures have been regrouped or rearranged where ever necessary,
31) The figures have been rounded off to the nearest multiple of a rupee in thousands.
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