vi) Provisions:

Provisions and liabilities are recognized in the period when it becomes probable that there will be a future outflow of funds resulting from past
operations or events and the amount of cash outflow can be reliably estimated. The timing of recognition and quantification of the liability require
the application of judgment to existing facts and circumstances, which can be subject to change. Since the cash outflows can take place many
years in the future, the carrying amounts of provisions and liabilities are reviewed regularly and adjusted to take account of changing facts and
circumstances.

Fair value hierarchy

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. This section explains the judgements and estimates made in determining the fair values of the financial instruments

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments that have quoted price and financial
instrumnents like Mutual Funds for which NAV is published by Mutual Fund Operator. The fair value of all equity instruments which are traded in the stock exchanges is

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable
market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level. Instruments in level 3 category for the company
include unquoted equity shares and FCCDs and unquoted units of venture capital funds

Valuation inputs for fair values of items in level 3 and their relationships to fair value

Fair valuation of Investments in units are classified as level 3 in the fair value hierarchy because of the unobservable inputs / significant adjustments to observable inputs
used to determine the fair value. The profit for the year would be impacted as a result of gains / losses on investments classified as at fair value through profit or loss, i.e.
units.

Note 24 - Financial risk management

The Company is exposed to credit risk, liquidity risk and Market risk.

A Credit risk

Credit risk arises from cash and bank balances, trade receivables and other financial assets .

Credit risk management

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. The Company is exposed to trade receivables and other current
financial assets. The Company periodically assesses the financial reliability of the counter party, taking into account the financial condition, current economic trends, and
analysis of historical bad debts and ageing of accounts receivable. The history of trade / Other receivables shows a negligible allowance for bad and doubtful debts.

B Liquidity risk

Looking to the nature of the Company's business, it has no Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or
at a reasonable price.

Liquidity risk management

The Company manages its liquidity risk by regularly monitoring its rolling cash flow forecasts. The Company's operations provide a natural liquidity of receivables against
payments due to creditors. Receipts exceeding the amount of payables to creditors are invested in liquid assets like mutual funds. Working Capital are managed through
credit facilities agreed with the Banks, internal accruals and realisation of liquid assets. In the event of cash shortfalls, the company approaches the lenders for a suitable
term extension.

Maturities of non - derivative financial liabilities

C Market Risk
Price Risk

The company holds investments in units, equity instruments and mutual funds. The Company's exposure to equity security's price risks arises from these investments held by the
Company and classified in the balance sheet either as fair value through OCI or at fair value through profit or loss.

Price Risk Management:

The company evaluates the performance of its investments on a periodic basis. Also, the investments have been placed for a long term objective and any deterioration for a temporary
period is not taken into account while evaluating the performance of its investments. Majority of the investments are placed for strategic management purposes.

Note 25 - Contingent Liabilities and Commitments

NIL(Previous year NIL)

Note 26 -Events occurring after the reporting date

NIL

Note 27 -Other Statutory Information :

(i) As per section 248 of the Companies Act, 2013, there are no balances outstanding with struck off companies

(ii) The Company do not have any Capital-work-in progress or intangible assets under development, whose completion is overdue
or has exceeded its cost compared to its original plan.

(III) The Company have 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 entities 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.

(iv) The Company have 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 Company 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

(v) The Company have 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.

Note 32- Segment Reporting

Since, the Company operates in single business segments and hence, the information pursuant to
IND-AS-108 is not applicable

Note 33

The figures for the corresponding previous year have been rearranged / regrouped wherever
necessary to make them comparable.

Note 34

Approval of Fianancial Statements

The financial statements were appr oved for issue by the Board of Directors on 30th May,2024.

As per our report of even date For & Behalf of the Board

For SVP & Associates
Chartered Accountants
FRN - N003838

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

Yogesh Kumar Singhania (Deepa Bhawsar) (Vishal Chaturvedi)

Partner DIN-07167937 Whole Time Director

M. No. - 111473

Place : Mumbai -Sd/- -Sd/-

Date : 30th May, 2024 (Sunil Sharma) (Ajay Kumar)

_Chief Finance Office Company Secretary_