l) Provisions and other Contingent liabilities

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of past events, and it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made
of the amount of the obligation. When the effect of the time value of money is material, the Company determines the level of provision
by discounting the expected cash flows at a pre-tax rate reflecting the current market assessment of time value of money and risk is
specific to liabilities. The expense relating to any provision is presented in the statement of profit and loss net of any reimbursement in
other operating expenses.

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 embodying economic benefits or the amount of such obligation cannot be measured reliably. When
there is a possible obligation or a present obligation in respect of which likelihood of outflow of resources embodying economic benefits
is remote, no provision or disclosure is made.

m) Earnings per share

Basic earnings per share (EPS) is calculated by dividing the net 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 net profit attributable to
equity holders of company by the weighted average number of equity shares outstanding during the year plus dilutive potential shares
except where results are anti-dilutive.

n) Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest Lakhs as per the requirements.

o) Events after reporting date

Where events occurring after the balance sheet date provide evidence of conditions that existed at the end of the reporting period, the
impact of such events is adjusted within the financial statements. Otherwise, events after the balance sheet date of material size or
nature are only disclosed.

The company has made preferential allotment of 73,530 equity shares at a valuation of Rs. 340 per share having face value of Rs. 10
per share on March 28, 2025.

b. Terms/ rights attached to equity shares

The Company has only one class of equity shares having par value of INR 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in
Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of equity shares will be 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.

The Group has elected to recognise changes in the fair value of certain investments in equity securities in other comprehensive income. These changes are accumulated within the FVOCI equity
investments reserve within equity. The Group transfers amounts from this reserve to retained earnings when the relevant equity securities are derecognised.

Share premium

The company has made preferential allotment of 73,750 equity shares at a valuation of Rs. 340 per share having face value of Rs. 10 per share on March 28, 2025
Reserve fund

In terms of Sec. 45IC of the Reserve Bank of India Act, NBFC has transferred Rs. 3560 hundred to reserve fund from the retained earnings during the financial year 2024¬
25.

Capital Reserve

This pertains to the amount of Rs 36.89 realised by the company due to forfeiture of shares made during the Financial Year 2015-16
Retained earnings

Retained earnings represents total of all profits retained since Company's inception. Retained earnings are credited with current year profits, reduced by losses, if any, dividend payouts, transfers
to General reserve, Transfer to reserve fund as per Sec. 45IC or any such other appropriations to specific reserves. It also includes impact of remeasurement of defined benefit plans.

26 Segment Reporting

The Company has a single operating segment that is “providing loans to corporates and non¬
corporates". Accordingly, the segment revenue, segment results, segment assets and segment
liabilities are reflected by the financial statements themselves as at and for the financial year
ended 31st March 2025.

Entity wide disclosures:

I. Information about products and services:

The Company,s

II. Geographic Informations:

The company
operates presently

in the business of

27 Contingent Liabilities and Commitments

The company has nil contigent liabilities and no commitments for the year ended on March 31, 2025

28 Financial risk management

The Company's financial risk management is an integral part of how to plan and execute its business strategies. This note explains the sources of risk which the entity is exposed to and how the company manages the risk.
The Company is exposed to market risk, credit risk and liquidity risk.

The Company board of directors has overall responsibility for the establishment and oversight of the company's risk management framework.

1. Market Risk

(a) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company's exposure to the risk of changes in market interest rates
relates primarily to the Company's debt obligations with floating interest rates.

The company manages its interest rate risk by having a balanced portfolio of fixed and variable rate loans and investing in fixed interest instruments.

(b) Foreign currency risk

The Company does not have significant exposure in currency other than INR.

2. Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset.

The Company's objective is to, at all times maintain optimum levels of liquidity to meet its cash and collateral requirements. The Company closely monitors its liquidity position and deploys a robust cash management
system.

3. Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company's receivables from customers.
The carrying amount of financial assets represents the maximum credit exposure. There are no impairment losses on financial assets to be recognised in statement of profit and loss as on 31 March 2025 and for the
comparative period as on 31 March 2024.

Trade and other receivables: The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. The management does not expect any significant credit risk out of exposure to
trade and other receivables. Accordingly company does not expect any impairment loss on trade receivables.

Cash and cash equivalents: The company held cash and cash equivalents of INR 215.86 as at 31 March 2025 (31 March 2024: INR 6.25 ). The cash and cash equivalents are held with public sector banks and leading private
sector Bank. There is no impairment on cash and cash equivalents as on the reporting date and the comparative period.

29 Capital management

For the purpose of the Company's capital management, capital includes issued capital and all other equity reserves attributable to the equity holders of the parent.

The Company aims to manage its capital efficiently so as to safeguard its ability to continue as a going concern and to optimise returns to its shareholders.

The Company's policy is to maintain a stable and strong capital structure with a focus on total equity so as to maintain investor, creditors and market confidence and to sustain future development and
growth of its business. The Company will take appropriate steps in order to maintain, or if necessary adjust, its capital structure.

30 Accounting classifications and fair value measurements

The Company uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:

Set out below is a comparison by class of the carrying amounts and fair values of the Company's financial instruments that are carried in the financial statements:

* The weighted average number of shares takes into account the weighted average effect of changes in treasury share transactions during the year. There have
been no other transactions involving Equity shares or potential Equity shares between the reporting date and the date of authorisation of these financial
statements.

34. Leases

Company has one contract for building falling within the scope of Ind AS 116. Short term leases refers to the leases having remaining period of 12 months from
the intial date of application. In such cases, Company has availed the short term lease exemption available in Ind AS 116 and and the lease payments associated
with such leases are recognised as an expense on a straight line basis over the lease term. The amount recognised as expense on account of short term leases
is INR 53,100

40 Ratios

Since the company is a non systematically important non deposit taking NBFC, the ratios prescribed under division III of schedule III are not applicable. Further, as per the master directions issued by the RBI, leverage ratio is
applicable which has been disclosed in note no. 41 to the financial statements.

41 Capital Management

The primary objectives of the Company's capital management policy are to ensure that the Company complies with externally imposed capital requirements and maintains strong credit ratings and healthy capital ratios in order
to support its business and to maximise shareholder value.

The Company manages its capital structure and makes adjustments to it according to changes in economic conditions and the risk characteristics of its activities. In order to maintain or adjust the capital structure, the Company
may adjust the amount of dividend payment to shareholders, return capital to shareholders or issue capital securities. No changes have been made to the objectives, policies and processes during the year ended March 31, 2025
and March 31, 2024. However, they are under constant review by the Board. As regards to return of capital to shareholders, the company has not proposed or paid dividend on equity shares during the financial year 2024-25
and 2023--24.

Leverage ratio represents ratio of total outside liabilities by owned funds. During the financial year 2024-25 and 2023-24, at any point of time, the leverage ratio of the company is less than the ceiling limit prescribed by the
Reserve bank. As per paragraph 6 of the RBI Master Direction - Non-Banking Financial Company - Non - Systematically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016, the leverage ratio of an NBFC shall
not be more than 7 at any point of time.

42 Regrouping

Certain figures of the previous year have been regrouped or reclassified to conform to the current year's presentation. These changes have no impact on
the profit or loss or equity for the comparative year.

For and on behalf of the Board of Directors

Audit Report as on even date attached
For Mehra Goel & Co

Chartered Accountants Abhishek Narbaria Umesh Kumar Sahay

(FRN: 000517N) Managing Director Director

DIN: 01873087 DIN: 01733060

Roshan Daultani Vishal Omprakash Sharma Neeraj Kumar Patil

Partner Chief Financial Officer Company Secretary and

Membership No.: 137405 Compliance Officer

Place: Pune Place: Pune Date: 15-05-2025

Date: 15-05-2025