n. Provisions, Contingent liabilities and Contingent assets [refer note 23 and 24]

A provision is recognized when an enterprise has a present obligation (legal or constructive) as a result of past event; 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
are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time
value of money and the risks specific to the liability. These are reviewed at each balance sheet date and adjusted to reflect the
current best estimates.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or
non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not
recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability
also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. The
Company does not recognize a contingent liability but discloses its existence in the financial statements.

Contingent assets are neither recognized nor disclosed in the Financial Statements.

o. Earnings per share [refer note 21]

Basic earnings per share is computed by dividing the net profit after tax attributable to the equity shareholders for the year by the
weighted average number of equity shares outstanding for the year.

Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue equity shares were
exercised or converted during the year. Diluted earnings per share is computed by dividing the net profit after tax attributable to
the equity shareholders for the year by weighted average number of equity shares considered for deriving basic earnings per share
and weighted average number of equity shares that could have been issued upon conversion of all potential equity shares.

r. Statement of cash flows

Cash flows are reported using the indirect method, whereby profit or loss before tax is adjusted for the effects of transactions of
non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, investing
and financing activities of the Company are segregated based on the available information.

Cash and cash equivalents (including bank balances) shown in the Statement of cash flows exclude items which are not available
for general use as at the date of balance sheet.

t. Recent Accounting Policies

The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Amendment Rules, 2023 dated 31st
March 2023 to amend the following Ind-AS which are effective for annual periods beginning on or after 1st April 2023. The
Company has applied these amendments for the first time in the financial statements.

i. Amendments to Ind-AS 1 - disclosure of accounting policies

The amendments aim to help entities provide accounting policy disclosures that are more useful by replacing the requirement for
entities to disclose their ‘significant’ accounting policies with a requirement to disclose their ‘material’ accounting policies and
adding guidance on how entities apply the concept of materiality in making decisions about accounting policy disclosures.

The amendments have had an impact on the disclosures of accounting policies, but not on the measurement, recognition or
presentation of any items in the financial statements.

ii. Amendments to Ind-AS 8 - definition of accounting estimates

The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and the
correction of errors. It has also been clarified how entities use measurement techniques and inputs to develop accounting estimates.
The amendments had no impact on these financial statements.

iii. Amendments to Ind-AS 12 - deferred tax related to assets and liabilities arising from a single transaction

The amendments narrow the scope of the initial recognition exception under Ind-AS 12, so that it no longer applies to transactions
that give rise to equal taxable and deductible temporary differences such as leases.

iv. New standards and amendments issued but not effective

There are no such standards which are notified but not yet effective.

v. The other amendments to Ind-AS notified by these rules are primarily in the nature of clarifications.

(b) Investments

The Company has not made any investment during the year ended March 31, 2024.

(c) Disclosure relating to securitisation

i) The Company has not entered into any securitisation transactions during the year ended March 31, 2024.

(ii) Details of financial assets sold to Securitisation/Reconstruction Company for Asset Reconstruction:

The Company has not sold any financial assets to Securitisation/Reconstruction Company for Asset Reconstruction in the current year

(iii) Details of assignment transactions: There are no assignment transactions undertaken by the Company during the current year

(d) Exposure to real estate sector

The Company has no exposure to real estate sector during the year ended March 31, 2024.

(e) Exposure to capital markets

The Company has no exposure to capital market during the year ended March 31, 2024.

(f) Penalties imposed by RBI and other regulators

No penalties have been imposed by RBI and other regulators during the year ended March 31, 2024.

1. Provisioning norms shall be applicable as prescribed in Systemically Important Non-Banking Financial (Non-Deposit Accepting
or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015 whichever is applicable.

2. 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.

3. In respect of investment in property, fair value has been taken on account of amalgamation. For investment in mutual funds,
NAV has been taken for calculation of fair value.

The figures are not netted with provision against standard assets as it is not a specific provision.

Note 25:

a) Additional Information related to Profit & Loss Account

• Company is not covered Under Section 135 for CSR to disclose of expenditure incurred for on corporate social
responsibility activities.

• There is no disclosures in addition to consideration of materiality in respect of income or expenditure which exceeds 1%
of revenue from operation or Rs. 10 Lacs which is higher are Nil.

• The company has no transaction nor recorded in the books of accounts that has surrendered or disclosed as income during
the year in tax assessment under the income Tax Act 1961.

• Company is not traded or invested in crypto currency or virtual currency during the financial year:2023-2024

b) Additional Regulatory Information:

• The company is not holding any immovable property

• Loans or Advances to specified person. No loan is granted to specific person during the year. However earlier year loan
granted was receivable at the time of maturity, refer notes to accounts AS 18

• There is no benami property held by the company.

• The company has not borrowed from bank or financial institution on the basis of security on current assets.

• Since company has not borrowed fund from bank or financial institution hence ‘wilful defaulter’ is not applicable.

• Company has no any transaction with companies struck off under section 248 of the Companies Act 2013 or Section 560
of the Companies Act 1956.

• The company has no registration of charges or satisfaction with registrar of companies.

• Compliance with approved scheme of arrangement are not applicable to company

• Utilization of borrowed fund by the company has not advanced, loaned, or invested by such intermediaries to other
intermediaries for ultimate beneficiary.

Note 28: Disclosure with regard to dues to Micro and Small Enterprises

Based on the information available with the Company and has been relied upon by the auditors, none of the suppliers have confirmed
to be registered under “The Micro, Small and Medium Enterprises Development (‘MSMED’) Act, 2006”. Accordingly, no disclosures
relating to principal amounts unpaid as at the period ended March 31, 2024 together with interest paid /payable are required to be
furnished.

Note 29: The Company did not had any foreign currency exposure during the period ended 31-03-2024. (Previous year: Nil)

Note 30: Events Occurring after the Reporting Period

The RBI vide its letter dated May 10, 2024 has granted prior approval to the Company for proposed (a) Change in shareholding and
(b) Change in Management, whereby 57.13% shareholding of the Company shall be acquired by Mr. Uttam Bharat Bagri from M/s
JBCG Advisory Services Private Limited subject to the compliance of relevant provisions of Master Direction - Reserve Bank of
India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023 dated October 19, 2023.

Note 31: Previous Year Comparatives

Figures for the previous year have been regrouped wherever necessary.

As per our report of even date attached

For P.D. Saraf & Co. For and on behalf of the Board

Chartered Accountants Pyxis Finvest Limited

Firm Registration No.: 109241W

Sd/- Sd/- Sd/- Sd/-

N L Maheshwari Kumud Ranjan Mohanty Shailendra Apte Purnima Garg

Partner Managing Director Director Company Secretary

Membership No. 011347 DIN 07056917 DIN 00017814

Place: Mumbai
Date: 30-May-2024