3.1 / Provisions ana contingent Liabilities
Provisions are recognised when there is a present obligation as a result of a past
event, and it is probable that an outflow of resources embodying eoonomic benefits
will bo required to settle the obligation and there is a reliable estimate of the amount
of the obligation. Provisions are reviewed at each balance sheet date and adjusted to
reflect the current best estimate.
A disclosure for contingent liabilities is made where there is a possible obligation or a
present obligation ttiat may probably not require an outflow of resources. When there
is a possible or a present obligation where the likelihood of outflow of resources is
remote, no provision or disclosure is made
3.18 Exceptional items
When items of Income and expenses within profit or loss from ordinary activities
are of such size, nature or incidence that their disclosure is relevant to explain the
performance of the enterprise for the period, the nature and amount of such items is
disclosed separately as Exceptional items.
3.19 Earning per share
I he Company reports basic and diluted earnings per equity share. Basic earnings per
equity share have computed by dividing net profiWoss attributable to the equity share
holders for the year by the weighted average number of equity shares outstanding
during the year Diluted earnings per equity share have been computed by dividing
the net profit attributable to the equity share holders after giving impact of dilutive
potential equity shares for the year by the weighted average number of equity shares
and dilutive potential equity shares outstanding during the year, except where the
results are anti-dilutive.
3.20 Recent accounting development
Ministry of Corporate Affairs (“MCA’') notifies new standards or amendments to the
existing standards under Companies (Indian Accounting Standards) Rules as issued
from time to time. For the year ended March 31.2024, MCA has not notified any new
standards or amendments to the existing standards applicable to the Company.
General Reserve
General Reserve represents the statutory reserve. This is in accordance with Indian
Corporate Law where in a portion of profit is apportioned to General Reserve. Under
Companies Act, 1956, it was manadatory to transfer amount before a company can declare
dividend However, under companies Act. 2013 transfer of any amount to general reserve
is at the dscreation of the company.
Securities Premium
Securities premium represents amount received In excess of face value of the equity
shares, The Secunties premium can be applied by the company for limited purposes such
as issuance of bonus shares, buy back of shares etc in accordance with the provisions of
Section 52 of the Companies Act 2013.
Stautory Rosorve
The Statutory reserve represents reserve specifically created u/s 45 IC of Reserve Bank
of India (Amendment) Act 1997 Since the company is no more engage in Non-Banking
Financial (NBFC) activities, the said reserve (which was originally created out of retained
earnings) have been reclassified/transferred back to retained earnings.
Rotainod Earnings
Retained earnings or accumulated surplus 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 or any such other
appropriations to specific reserves.
Equity Instruments through Other Comprehensive income.
The Company 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 FVTOCI equity investments reserve within equity. The Company transfers
amounts from this reserve to retained earnings when the relevant equity securities are
derecognised.
Other Comprehensive Income-Remeasurement gain/ (losses) on defined benefit
plan
The Company recognises change on account of remeasurement of the net defined benefit
llability/(asset) as part of other comprehensive income.
16.1 Vehicle Loan from HDFC bank is secured against vehicle financed. The Rate of
interest is 7.00% P.A. The amount is repayable in 60 monthly instalments The last
instalment is due in November. 2026
16.2 Vehicle Loan from HDFC bank Is secured against vehicle financed. The Rate of
Interest is 7.20% P.A. The amount is repayable in 60 monthly instalments. The last
instalment is due in July, 2026.
- The company has not defaulted on any loans payable dunng the year,
39. Financial Risk Management
Financial risk factors
The Company's principal financial liabilities, comprise borrowings and other payables. The
main purpose of these financial liabilities is to purchase certain fixed assets and other
liabilities incurred during the ordianary course of Company's operations The Company's
principal financial assets include Investments, inter corporate deposits, loans, cash and
cash equivalents and other receivables The Company's activities expose it to a variety of
financial risks:
I. Market Risk
Market risk is the risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in market prices. Market prices comprise three
types of risk: currency rate risk, Interest rate risk and other price risks, such as
commodity risk. Financial instruments affected by market risk Include loans and
borrowings, deposits, investments.
The company is exposed to market risk primarily related to the market value of its
investments.
Interest Rate Risk
Interest rate risk is the risk that the fair value of future cash flows of Financial
Instruments will fluctuate because of change in market interest rates.The company
does not have exposure to the risk of changes m market interest rate as it has debt
obligations with fixed Interest rates which are measured at amortised cost.
Currency risk
Currently company does not have transaction in foreign currencies and hence the
company is not exposed to currency risk.
Equity Price Risk
(a) Exposure
1 he company is exposed to equity price risk arising from Investments held by
the company and classified in the balance sheet as fair value through OCI. To
manage its price risk arising from investment in equity securities, the company
diversifies its portfolio. The majority of the company's equity instruments are
listed on the Bombay stock exchange (BSE) or the National stock exchange
(NSE) in India.
hi. uapnai risk Management
The Company aim to manage its capital efficiently so as to safeguard its ability to continue
as a going concern and to optimise returns to shareholders.
The capital structure of the Company Is based on management's judgement of the
appropriate balance of key elements in order to meet its strategic and day-to-day needs.
The Company's primary objective when managing capital is to ensure the amount of capital
In proportion to risk and manage the capital structure in light of changes in economic
conditions and the risk characteristics of the underlying assets In order to maintain or
adjust the capital structure, the Company may adjust the amount of dividends paid to
shareholders, return capital to shareholders or issue new shares.
The Company's policy is to maintain a stable and strong capital structure with a tocus
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 adiust, its capital structure.
The Company monitors capital using a gearing ratio, which is net debt divided by total
capital. Net debt is calculated as loans and borrowings less cash and cash equivalents.
The Gearing ratio for FY 2024-25 and 2023-24 is an under:
vii The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that
the Intermediary shall:
(a) directly or indirectly lend or Invest In other persons or entitles identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or
(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries
viii The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing
or otherwise) that the Group shall
(a) 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
(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
ix The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules.
2017 for the financial years ended March 31, 2025 and March 31,2024.
x The Company has not any such transaction which is not recorded In the books of accounts that has been surrendered or 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, 1961
50. The Previous year figures have been regrouped/reclasslfied.wherever necessary to confirm to the Current Year's presentation.
The accompanying notes form an Integral part of the Standalone Financial Statements
As Per our Report of even date attached
FOR N. C. AGGARWAL & CO. FOR AND ON BEHALF OF THE
CHARTERED ACCOUNTANTS BOARD OF DIRECTORS OF
Firm Registration Number: 003273N HB PORTFOLIO LIMITED
Sd/- Sd/- Sd/-
G. K. AGGARWAL ANIL GOYAL LALIT BHASIN
(PARTNER) (MANAGING DIRECTOR) (DIRECTOR)
Membership No. : 086622 DIN. 00001938 DIN: 000D2114
Sd/- Sd/-
ASHOK KUMAR MOHITCHAUHAN
Place: Gurugram (CHIEF FINANCIAL OFFICER) (COMPANY SECRETARY)
Date : 26th May. 2025 (M. No.: ACS-53839)
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