3.12 Provisions and contingent liabilities
The Company creates a provision when there is present obligation as a result of a past event that
probably requires anoutflow of resources and a reliable 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, butprobably will not, require an outflow of resources. The Company also discloses
present obligations for which a reliableestimate cannot be made. When there is a possible obligation
or a present obligation in respect of which the likelihoodof outflow of resources is remote, no provision
or disclosure is made.
3.13 Retirement and other employee benefits
3.13.1 Short-term obligations
Liabilities for wages and salaries, including non-monetary benefits that are expected to be Settled
wholly within 12 months after the period in which the employees render the related service are
recognised in respect of employees' services up to the end of the reporting period and are measured
at the amounts expected to be paid when the liabilities
are settled.
3.13.2 Post - employment obligations : Defined benefit plans : These are not yet applicable because
none of the employee quality for those benefits as at 31st March,2025
3. 14 Fair value measurement
The Company measures its qualifying financial instruments at fair value on each Balance Sheet date.
Fair value is the price that would be received against sale of an asset or paid to transfer a liability in an
orderlytransaction between market participants at the measurement date. The fair value measurement
is based on thepresumption that the transaction to sell the asset or transfer the liability takes place in
the accessible principal market orthe most advantageous accessible market as applicable.The
Company uses valuation techniques that are appropriate in the circumstances and for which sufficient
datais available to measure fair value, maximising the use of relevant observable inputs and minimising
the use ofunobservable inputs.All assets and liabilities for which fair value is measured or disclosed in
the financial statements are categorised withinthe fair value hierarchy into Level I, Level II and Level
III based on the lowest level input that is significant to the fairvalue measurement as a whole.
3. Terms & Conditions attached
a All the equity shares carry equal rights and obligations including for dividend and with respect
to voting.
b The company has issued only one class of Share Capital, that is Equity Shares having face
value of Rs.10/- each.Each Holder of Equity Shares is entitled to one vote per share.
c In the event of Liquidation of the company,the holder of equity shares will be entitled to receive
any of the 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.
Nature & Purpose of other equity
(i) Securities Premium
Securities Premium is used to record the premium on issue of shares. It can be utilised only for
limited purposes in accordance with the provisions of the Companies Act,2013.
(ii) Retained Earnings
Retained earnings represents the surplus in profit and loss account and appropriations.
(iii) Reserve Fund in terms of section 45-IC(1) of the Reserve Bank of India Act,1934
Reserve fund is created as per the terms of section 45-IC(1) of the Reserve Bank of India Act,1934
as a statutory reserve.
(iv) Capital Reserves
The reserve is created bases on statutory requirement under the Companies Act,2013.This is not
available for distribution as dividend but can be utilised for issue of bonus shares.
20. Earning Per Share (EPS):
Basic EPS is calculated by dividing the profit for the year attributable to equity holders of the
company by the weighted average number of equity shares outstanding during the year.
Diluted EPS is calculated by dividing the profit attributable to equity holders of the company by
the weighted average number of equity shares outstanding during the year plus the weighted
average number of equity shares that would be issued on conversion of all the dilutive potential
equity shares into equity shares of the company.
21. Segment Information
The Company is primarily engaged in the business of non-banking financial activities, including
lending and investment, which is governed by the regulatory framework of the Reserve Bank of
India (RBI) for Non-Banking Financial Companies (NBFCs).
As per Ind AS 108 - Operating Segments, the Chief Operating Decision Maker (CODM) reviews
the operations of the Company as a single reportable segment. The performance of the Company
is evaluated and monitored on an overall basis and not separately for lending and investment
activities.
Accordingly, the Company has only one reportable business segment, i.e., Non-Banking
Financial Services, and operates in a single geographical segment, i.e., India. Hence, no
further segment disclosures are required under Ind AS 108.
22. All the leases obtained by the company are of Short Term nature and hence, right to use/ lease
liability have not been recognized in the financial statements.
24. Fair Value hierarchy
The following table provides the fair value measurement hierarchy of Company's asset and
liabilities, grouped into Level 1 to Level 3 as described below:
Level 1: It includes fair value of financial instruments traded in active markets and are based on
quoted market prices at the balance sheet date like equity shares . The equity shares are
valued using the closing market price as at the balance sheet date.
Level 2: It includes fair value of the financial instruments that are not traded in an active market
like over-the-counter derivatives, which is valued by using valuation techniques. These valuation
techniques maximise the use of observable market data where it is available and rely as little as
possible on the company specific estimates. If all significant inputs required to fair value if
instrument are observable then instrument is included in level 2.
Level 3: Inputs for the asset or liability that are not based on observable market data (that is,
unobservable inputs). If one or more of the significant inputs is not based on observable market
data, the instrument is included in level 3.
The following table provides the fair value measurement hierarchy of Company's asset and
liabilities, grouped into Level 1 to Level 2 as described below:-
No financial instruments are classified under Level 3 of the fair value hierarchy, as all inventories
are quoted equity shares valued using observable market prices (Level 1)
25. 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.
27. The company has neither received nor granted any funds from/to any person(s) or entity, including
foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise)
that the company shall directly or indirectly lend or invest in other persons or entities identified in
any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or provide
any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
28. Risk Management Objectives and policies
A summary of the major risk faced by the company, its measurement monitoring and management
are described as under:
Liqudity and funding risk
The company's ALCO monitors asset liability mismatches to ensure that there are no imbalances or
excessive concentrations on either side of the Balance Sheet.
The company continuously monitors liquidity in the market; and as a part of its ALCO strategy the
company maintains a liquidity buffer to reduce the risk.
In terms of our report of even date annexed
For B D S & Co For Golechha Global Finance Limited
Chartered Accountants
Sd/- Sd/-
Sd/- Gyan Swaroop Garg Mihir Ranjan Pal
[Bharat D. Sarawgee] Chairman & Managing Director Wholetime Director & CFO
Partner
Membership No. 061505 (DIN: 00602659) (DIN: 05322461)
Firm Regn No. 326264E
UDIN: 21061505AAAANG2125 Sd/-
Aditi Bajaj Todi
Place : Kolkata Company Secretary
Dated: 29th Day of May, 2025
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