1.11 Provisions

A provision is recognised for a present obligation as a result of past event; if 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 not discounted to their present value and are
determined based on best estimated amount required to settle the obligation at the balance sheet date. These are reviewed at each balance
sheet date and adjusted to reflect current best estimates.

1.12 Contingent Liabilities

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.

Notes:

(a) Capital Reserve

Capital reserve was created under a Scheme of arrangement in the financial year 2013-14. In accordance with the Scheme, the Company had acquired assets and
liabilities as on the appointed date of the demerged undertaking at the book values and the consequential difference was transferred to Capital Reserve Account in
the books of the Company.

(b) Capital Redemption Reserve

As per Companies Act, 2013, the capital redemption reserve is created when company redeems / buy back its own shares out of free reserves. A sum equal to the
nominal value of the shares so redeems / buy back is transferred to capital redemption reserve. The reserve is utilised in accordance with the provisions of Section
69 of the Companies Act, 2013.

(c) General Reserve

General reserve is created from time to time by way of appropriation of retained earnings.

(d) Retained Earnings

Retained earnings are profits that the Company has earned till date, less any appropriations.

(e) Equity instruments through other comprehensive income :

This represents the cumulative gains and losses arising on the revaluation of equity instruments measured at fair value through other comprehensive income,
under an irrevocable option, net of amounts reclassified to retained earnings when such assets are disposed off.

LEAVE OBLIGATIONS

The leave obligations cover the company's liability for earned leave.

The amount of the provision of Rs. 1.95 Lakhs (March 31, 2023: Rs. 1.67 Lakhs) is presented as current, since the company
does not have an unconditional right to defer settlement for any of these obligations.

24 SEGMENT INFORMATION ( As per Ind AS 108) :

The company's chief operating decision making (CODM), examines the Company's performance from business perspective and
has identified two reportable business segments viz. Financial & Service . Segment disclosures are consistent with the
information provided to CODM which primarily uses operating profit/loss of the respective segments to assess their
performance. CODM also periodically receives information about the segments revenue and assets. The Company has disclosed
Business Segments as the primary segment. Segments have been identified taking into account the nature of the products &
Services, the differing risks and returns, the organisation structure and internal reporting system.

26 FINANCIAL RISK MANAGEMENT

The Company has exposure to the following risks arising from financial instruments:

Ý Credit risk;

Ý Liquidity risk

Ý Market risk

Risk management framework

The Company's board of directors has overall responsibility for the Company's risk management, if any.

(a) 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 and investment securities.

(b) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with its financial liabilities that are settled by delivering cash or another
financial asset. The Company's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under
both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.

The Company has not obtained any fund and non-fund based working capital limits from banks.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest
payments and exclude impact of netting agreements.

(c) Market Risk

Market risk is the risk that fair value of future cash flows of a financial instrument will fluctuate because of change in market prices.

(i) Price risk

The Company is not significantly exposed to changes in the prices of equity instruments.

(ii) Foreign currency risk

The Company does not have any foreign Currency exposure.

27 Capital Management

For the purpose of the Company's capital management, capital includes issued capital and all other equity reserves attributable to the
equity shareholders of the Company. The primary objective of the Company when managing capital is to safeguard its ability to continue
as a going concern and to maintain an optimal capital structure so as to maximize shareholder value.

As at 31st March, 2024, the Company has only one class of equity shares and has low debt. Consequent to such capital structure, there
are no externally imposed capital requirements. In order to maintain or achieve an optimal capital structure, the Company allocates its
capital for distribution as dividend or re-investment into business based on its long term financial plans.

28 The following additional information (other than what is already disclosed elsewhere) is disclosed in terms of amendments dated March
24, 2021 in Schedule III to the Companies Act 2013:-

(i) The Company has not traded or invested in crypto currency or virtual currency during the current period.

(ii) The Company is not required to spent any amount in terms of provisions of section 135 of the Companies, Act 2013 on Corporate Social
Responsibility.

(iii) The Company is not declared as wilful defaulter by any bank or financial institution or other lenders.

(iv) The are no transactions with the Struck off Companies under Section 248 or 560 of the Companies, Act 2013.

(v) No proceedings initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition)
Act, 1988.

(vi) As per requirement, The following ratios are presented:

31 Capital Commitments f Nil (Previous Year f Nil)

32 A dividend at the rate of ? 0.10 per equity share of Rs 10 fully paid for the year 2023-24 aggregating to ? 3.05 lakhs out of past
accumulated profits has been recommended by the Board of Directors for declaration at the ensuing Annual General Meeting and no
provision for such payments has been made in the accounts.

33 Items and figures for the previous year have been recast, regrouped and/or re-arranged wherever necessary to conform to the current
year's presentation.

As per our report of even date attached

For M/s. Bharat Gupta & Co. For and on behalf of the Board of Directors

Chartered Accountants
Firm Regn. No. 131010W

Nitin Vasant Mhatre Amit Moona

Director Director

DIN: 08294405 DIN: 07096553

BHARAT GUPTA
(Proprietor)

Membership No: 136055 Chandra Kant Khaitan Vaibhav Dodia

.... Chief Financial Officer and Company Secretary

Place: Mumbai ..

Manager

Date: 17-05-2024

UDIN: 24136055BKAINW7096