Notes to Accounts of CP Capital Ltd.

Mar 31, 2025

(xi) Provisions, Contingent Liabilities and Contingent Assets
(I) Provisions

Provisions are recognised when the Company has a present
obligation (legal or constructive) as a result of a past event, 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. Provisions are reviewed at each reporting period
and are adjusted to reflect the current best estimate.

(ii) Contingencies

Contingent liabilities are disclosed when there is a possible
obligation arising from past events, the existence of which
will be confirmed only by the occurrence or non-occurrence of
one or more uncertain future events not wholly within the
control of the Company or a present obligation that arises
from past events where it is either not probable that an
outflow of resources will be required to settle or a reliable
estimate of the amount cannot be made. Information on
contingent liability is disclosed in the Notes to the Financial
Statements. Contingent assets are not recognized in financial
statements but are disclosed, if any.

(xii) Non-Current Assets Held for Sale

The Company classifies non-current assets and disposal
groups as held for sale if their carrying amounts will be
recovered principally through a sale/distribution rather than
through continuing use and the sale is considered highly
probable. Management is committed to the sale within one
year from the date of classification. The Company treats
sale/distribution of the asset or disposal group to be highly
probable when:

•The appropriate level of management is committed to a plan
to sell the asset (or disposal group),

•An active programme to locate a buyer and complete the plan
has been initiated (if applicable),

•The asset (or disposal group) is being actively marketed for
sale at a price that is reasonable in relation to its current fair
value.

•The sale is expected to qualify for recognition as a completed
sale within one year from the date of classification, and''''
•Actions required to complete the plan indicated that it is
unlikely that significant changes to the plan will be made or
that the plan will be withdrawn. Non-current asset held for
sale/for distribution to owners and disposal groups are
measured at the lower of their carrying amount and the fair
value less costs to sell/distribute. Assets and liabilities
classified as held for sale/distribution are presented
separately in the balance sheet. Property, plant and
equipment and intangible assets once classified as held for
sale/distribution to owners are neither depreciated nor
amortized.

(xiii) Leases

(a) Right of use assets

At the date of commencement of the lease, the Company
recognizes a right-of-use (ROU) asset and a corresponding
lease liability for all lease arrangements in which it is a lessee,
except for leases with a term of 12 months or less (short-term
leases) and low value leases. For these short-term and low-
value leases, the Company recognizes the lease payments as
an operating expense on a straight-line basis over the term of
the lease. Certain lease arrangements include the options to
extend or terminate the lease before the end of the lease term.
ROU assets and lease liabilities includes these options when
it is reasonably certain that they will be exercised.

The ROU assets are initially recognized at cost, which
comprises the initial amount of the lease liability adjusted for
any lease payments made at or prior to the commencement
date of the lease plus any initial direct costs less any lease
incentives. They are subsequently measured at cost less
accumulated depreciation and impairment losses. ROU
assets are depreciated from the commencement date on a
straight-line basis over the shorter of the lease term and
useful life of the underlying asset.

ROU assets are evaluated for recoverability whenever events
or changes in circumstances indicate that their carrying
amounts may not be recoverable. For the purpose of
impairment testing, the recoverable amount (i.e. the higher of
the fair value less cost to sell and the value-in-use) is
determined on an individual asset basis unless the asset does
not generate cash flows that are largely independent of those
from other assets. In such cases, the recoverable amount is
determined for the Cash Generating Unit (CGU) to which the
asset belongs.

(b) Lease Liabilities

The lease liability is initially measured at amortized cost at the
present value of the future lease payments. The Company
recognise a lease liability at the present value of the
remaining lease payments, discounted using the lessee''s
incremental borrowing rate.

The lease payments include fixed payments (including in¬
substance fixed payments) less any lease incentives
receivable, variable lease payments that depend on a lease by
lease basis.

In calculating the present value of lease payments, the
Company uses the incremental borrowing rate at the lease
commencement date if the interest rate implicit in the lease is
not readily determinable. Lease liabilities are remeasured
with a corresponding adjustment to the related right of use

asset if the Company changes its assessment if whether it
will exercise an extension or a termination option.

Lease liability and ROU asset have been separately presented
in the Balance Sheet.

(c) Company as a lessor

Leases for which the Company is a lessor is classified as a
finance or operating lease. Whenever the terms of the lease
transfer substantially all the risks and rewards of ownership
to the lessee, the contract is classified as a finance lease. All
other leases are classified as operating leases.

For operating leases, rental income is recognized on a
straight line basis over the term of the relevant lease.

(xiv) Revenue Recognition

(i) Interest Income

The Company recognises interest income using Effective
Interest Rate (EIR) on all financial assets subsequently
measured at amortised cost or fair value through other
comprehensive income (FVOCI). EIR is calculated by
considering all costs and incomes attributable to acquisition
of a financial asset or assumption of a financial liability and it
represents a rate that exactly discounts estimated future
cash payments / receipts through the expected life of the
financial asset / financial liability to the gross carrying
amount of a financial asset or to the amortised cost of a
financial liability.

The Company recognises interest income by applying the EIR
to the gross carrying amount of financial assets other than
credit-impaired assets after setting-off of collateral amounts.
In case of credit-impaired financial assets regarded as ‘stage
3'', the Company recognises interest income on the amortised
cost net of impairment loss of the financial asset at EIR, to the
extent of probability of its recovery. If the financial asset is no
longer credit-impaired, the Company reverts to calculating
interest income on a gross basis.

Interest on financial assets subsequently measured at fair
value through profit and loss, is recognized on accrual basis in
accordance with the terms of the respective contract.

(ii) Dividend Income

Dividend Income on investments is recognized when the
Company''s right to receive the payment is established, which
is generally when shareholders approve the dividend.

(iii) Fees and Commission

Processing fees and other servicing fees is recognized on
accrual basis. The Company recognizes service and
administration charges towards rendering of additional
services to its loan customers on satisfactory completion of
service delivery. Fees on value added services and products
are recognized on rendering of services and products to the
customer.

(iv) Net Gain/ (Loss) on fair value change

Any differences between the fair value of investment in
mutual funds classified as fair value through the profit or loss,
held by the company on the balance sheet date is recognised
as an unrealised gain/(loss) in the statement of profit or loss.

In cases there is net gain in aggregate, the same is recognised
in Net gains on fair value changes under the revenue from
operations and if there is net loss the same is disclosed
under "Other Expenses"in the statement of profit or loss.

(v) Other Income / Revenue

Other income / revenue is recognized to the extent that it is
probable that the economic benefit will flow to the Company
and it can be reliably measured. Hostel revenue is recognized
on accrual basis i.e. income is booked on month to month
basis.

(xv) Finance Costs

Finance cost comprises interest cost on borrowings.
Borrowing cost that are not directly attributable to a
qualifying asset are recognized in the statement of profit &
loss account using effective interest rate.

Processing fees charged on term loan is recognized in the
statement of profit & loss over the tenure of the loan and
balance of the processing fee is reduced from loan amount of
current period.

(xvi) Taxation

Income tax expense represents the sum of current and
deferred tax. Tax is recognised in the Statement of Profit and
Loss, except to the extent that it relates to items recognised
directly in equity or other comprehensive income.

Current tax provision is computed for Income calculated after
considering allowances and exemptions under the provisions
of the applicable Income Tax Laws. Current tax assets and
current tax liabilities are off set, and presented as net.
"Deferred tax is recognised on differences between the
carrying amounts of assets and liabilities in the Balance sheet
and the corresponding tax bases used in the computation of
taxable profit and are accounted for using the liability
method. Deferred tax liabilities are generally recognised for all
taxable temporary differences, and deferred tax assets are
generally recognised for all deductible temporary differences,
carry forward tax losses and allowances to the extent that it is
probable that in future taxable profits will be available to set
off such deductible temporary differences. Deferred tax
assets and liabilities are measured at the applicable tax rates.
Deferred tax assets and deferred tax liabilities are off set, and
presented as net.

The carrying amount of deferred tax assets is reviewed at
each balance sheet date and reduced to the extent that it is no
longer probable that sufficient taxable profits will be available
against which the temporary differences can be utilised.

(xvii) Earning per Share

Earnings considered in ascertaining the company''s earning
per share comprises the net profit after tax attributable to
equity shareholders.

Basic earnings per share is computed using the weighted
average number of equity shares outstanding during the
period. Diluted earnings per share is computed using the
weighted average number of equity and dilutive equivalent
shares outstanding during the period.

(xviii) Statement of Cash Flows

Statement of cash flows is prepared segregating the cash

flows into operating, investing and financing activities. Cash
flow from operating activities is reported using indirect
method adjusting the net profit for the effects of:

i) changes during the period in operating receivables and
payables transactions of a non-cash nature;

ii) non-cash items such as depreciation, provisions, deferred
taxes, unrealised gains and losses; and

iii) all other items for which the cash effects are investing or
financing cash flows.

Cash and cash equivalents (including bank balances) shown
in the Statement of Cash Flows exclude items which are not
available for general use as on the date of Balance Sheet.

(xix) Dividend Distribution

The Company recognizes a liability to make payment of
dividend to owners of equity when the distribution is
authorized and is no longer at the discretion of the Company
and is declared by the shareholders. A corresponding amount
is recognized directly in the Equity.

(xx) Fair value measurement

The Company measures its qualifying financial instruments
at fair value on each Balance Sheet date.

Fair value is the price that would be received against sale of an
asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. The
fair value measurement is based on the presumption that the
transaction to sell the asset or transfer the liability takes place
in the accessible principal market or the most advantageous
accessible market as applicable.

The Company uses valuation techniques that are appropriate
in the circumstances and for which sufficient data is available
to measure fair value, maximizing the use of relevant
observable inputs and minimizing the use of unobservable
inputs.

All assets and liabilities for which fair value is measured or
disclosed in the financial statements are categorized within
the fair value hierarchy into Level I, Level II and Level III based
on the lowest level input that is significant to the fair value
measurement as a whole.

For assets and liabilities that are fair valued in the financial
statements on a recurring basis, the Company determines
whether transfers have occurred between levels in the
hierarchy by re-assessing categorization (based on the
lowest level input that is significant to the fair value
measurement as a whole) at the end of each reporting period.

For the purpose of fair value disclosures, the Company has
determined classes of assets and liabilities on the basis of the
nature, characteristics and risks of the asset or liability and
the level of the fair value hierarchy.

4. Critical accounting estimates, assumptions and
judgements:-

In the process of applying the Company''s accounting policies,
management has made the following estimates,
assumptions and judgements, which have significant effect
on the amounts recognised in the financial statement.
Uncertainty about these assumptions and estimates could
result in outcome that requires a material adjustment to
assets or liabilities affected in future periods.

(i) Property, plant and equipment and Investment properties
Property, Plant and equipment and Investment properties
represent a significant proportion of the asset base of the
Company. The useful lives and residual value of the
Company''s asset are determined by the management at the
time the asset is acquired and reviewed at each reporting
date.

(ii) Income taxes

The Company''s tax jurisdiction is India. Significant
judgements are involved in estimating budgeted profits for
the purpose of paying advance tax, determining the provision
for income taxes, including amount expected to be
paid/recovered for uncertain tax positions.

(iii) Contingencies

Management judgement is required for estimating the
possible outflow of resources, if any, in respect of
contingencies/claim/litigations against the Company as it is
not possible to predict the outcome of pending matters with
accuracy.

(iv) Impairment of non-financial assets

The Company assesses at each reporting date whether there
is an indication that an asset may be impaired. If any
indication exists, or when annual impairment testing for an
asset is required, the Company estimates the assets''s
recoverable amount. An assets''s recoverable amount is the
higher of an assets''s or CGU''s fair value less costs of disposal
and its value in use. Where the carrying amount of an asset or
CGU exceeds its recoverable amount, the asset is considered
impaired and is written down to its recoverable amount.

(v) Impairment of financial assets and Allowance for uncollected
loans and advances

The Company to provide for impairment of its loan
receivables (designated at amortised cost) using the
expected credit loss (ECL) approach. ECL involves an
estimation of probability weighted loss on financial
instruments over their life, considering reasonable and
supportable information about past events, current
conditions, and forecasts of future economic conditions
which could impact the credit quality of the Company''s loans
and advances.

In the process, a significant degree of judgement has been
applied by the Management for: Staging of loans [i.e.
classification in ‘significant increase in credit risk'' (‘SICR'')
and ‘default'' categories]; Grouping of borrowers based on
homogeneity by using appropriate statistical techniques;
Estimation of behavioral life; Determining macro-economic
factors impacting credit quality of receivables; Estimation of
losses for loan products with no/ minimal historical defaults.
The Company applies the expected credit loss (‘ECL'') model in
accordance with Ind AS 109 for recognising impairment loss
on financial assets. The ECL allowance is based on the credit

losses expected to arise from all possible default events over
the expected life of the financial asset (‘lifetime ECL''), unless
there has been no significant increase in credit risk since
origination, in which case, the allowance is based on the 12-
month ECL. The 12-month ECL is a portion of the lifetime ECL
which results from default events that are possible within 12
months after the reporting date. ECL is calculated on a
collective basis, considering the retail nature of the
underlying portfolio of financial assets. The impairment
methodology applied depends on whether there has been a
significant increase in credit risk. When determining whether
the risk of default on a financial asset has increased
significantly since initial recognition, the Company considers
reasonable and supportable information that is relevant and
available without undue cost or effort. This includes both
quantitative and qualitative information and analysis based
on a provision matrix which takes into account the Company''s
historical credit loss experience, current economic
conditions, forward looking information and scenario
analysis. The expected credit loss is a product of exposure at
default (‘EAD''), probability of default (‘PD'') and loss given
default (‘LGD''). The Company has devised an internal model to
evaluate the PD and LGD based on the parameters set out in
Ind AS 109. Accordingly, the financial assets have been
segmented into stages based on the risk profiles. The three
stages reflect the general pattern of credit deterioration of a
financial asset. The Company categorises financial assets at
the reporting date based on the days past due (‘DPD'') status.
LGD is an estimate of loss from a transaction given that a
default occurs. PD is defined as the probability of whether the
borrowers will default on their obligations in the future. EAD
represents the expected exposure in the event of a default and
is the gross carrying amount in case of the financial assets
held by the Company. The Company incorporates forward
looking information into both assessments of whether the
credit risk of an instrument has increased significantly since
its initial recognition and its measurement of ECL. Based on
the consideration of external actual and forecast information,
the Company forms a ‘base case'' view of the future direction
of relevant economic variables. This process involves
developing two or more additional economic scenarios and
considering the relative probabilities of each outcome. The
base case represents a most likely outcome while the other
scenarios represent more optimistic and more pessimistic
outcomes.

The measurement of impairment losses across all categories
of financial assets requires judgement, in particular, the
estimation of the amount and timing of future cash flows and
collateral values when determining impairment losses and
the assessment of a significant increase in credit risk. These
estimates are driven by a number of factors, changes in which
can result in different levels of allowances. The Company''s
ECL calculations are outputs of complex models with a
number of underlying assumptions regarding the choice of
variable inputs and their interdependencies. The inputs and
models used for calculating ECLs may not always capture all
characteristics of the market at the date of the financial
statements. The Company regularly reviews its models in the
context of actual loss experience and makes adjustments
when such differences are significantly material.

Adjustments including reversal of ECL is recognised through
statement of profit and loss. After initial recognition, trade
receivables are subsequently measured at amortised cost
using the effective interest method, less provision for
impairment. The Company follows the simplified approach
required by Ind AS 109 for recognition of impairment loss
allowance on trade receivables, which requires lifetime ECL to
be recognised at each reporting date, right from initial
recognition of the receivables.
yi) Fair value measurement of financial instruments

When the fair values of financials assets and financial
liabilities recorded in the Balance Sheet cannot be measured
based on quoted prices in active markets, their fair value is
measured using valuation techniques, including the
discounted cash flow model, which involve various
judgements and assumptions.

Nature and purpose of Reserves & Surplus

1 General Reserve amount transferred /apportioned represents is in accordance with (the Companies Act, 1956) wherein a portion of profit is
apportioned to general reserve, before a Company can declare dividend.

2 "Other Comprehensive Income Reserve represents the balance in equity for item to be accounted in Other Comprehensive Income. OCI is
classified into

i) Items that will not be reclassified to profit & loss

ii) Items that will be reclassified to profit & loss"

3 The balance consists of surplus retained from earned profits after payment of dividend and taxes thereon.

4 Actuarial Gain and losses for defined plans are recognized through OCI in the period in which they occur. Re-measurement are not reclassified to
profit or loss in subsequent periods.

5 Balance of Security Premium Reserve consists of premium on issue of shares over its face value. The balance will be utilised for issue of fully
paid bonus shares, buy-back of Company''s own share as per the provisions of the Companies Act, 2013.

6 The Board of Directors, at its respective meetings declared the following dividends the detail of which are as follows:-

19.1 Terms of security and repayment are given below:

(a) Working Capital Term Loan (Kotak Bank) of '' 220.91 Lakhs @ 9 % p.a.(RPRR 2.75% ) payable by February, 2027. The loan is secured against
the primary security having first charge on current assets (Present and future) and having Collateral Security on Plot No.23, Shubham Enclave,
C-Scheme, Jaipur. Personal guarantee given by Mr. Om Prakash Maheshwari and Mr. Pramod Maheshwari.

(b) Working Capital Term Loan (Kotak Bank) of '' 286.84 Lakhs @ 9.25 % p.a.(RPRR 2.75% ) payable by February, 2029. The loan is secured against
the primary security having first charge on current assets (Present and future) and having Collateral Security on Plot No.23, Shubham Enclave,
C-Scheme, Jaipur. Personal guarantee given by Mr. Om Prakash Maheshwari and Mr. Pramod Maheshwari.

© Term (Auto) Loan (Bank of Baroda) of ''38.26 Lakhs @ 9.15 % p.a.(RBI Repo Rate 2.9 % ) payable by August 2027. The loan is secured against
hypothecation of vehicle. Personal guarantee given by Mr. Om Prakash Maheshwari, Mr. Nawal Kishore Maheshwari, Mr. Pramod Maheshwari.

(d) Term Loan (ICICI Bank) of '' 351.23 Lakhs @ 8.85% p.a. (Repo 2.60% ) payable by January 2034. The loan is secured against the Security on
Plot No. B-28 & 28-A, 10-B Scheme, Gopalpura by pass jaipur. Mr. Pramod Kumar Maheshwari is Co applicant.

(a) The Company is contesting above demand/s and the management including its advisers are of the view that these demand/s may not be
sustainable. Pending resolution of the respective proceedings, it is not practicable for the Company to estimate the timings of cash outflows, if
any, in respect of the above as it is determinable only on receipt of judgements/decisions pending with various forums/authorities.

34 Commitments

Estimated amount of contracts remaining to be executed on capital account (net of advances) is Nil (Previous Year Nil).

35 To ensure the simplification of group structure by reducing the number of entities in the Group, thereby resulting in reduction in multiplicity of
legal and regulatory compliances and reduction of costs and to ensure better synergy of operations by way of focused operational efforts to
improve the overall operational efficiency and effectiveness of the resources, the Board of Directors of ‘Srajan Capital Limited (SCL / Transferor /
Subsidiary Company)'', ‘CP Capital Limited (erstwhile Career Point Limited) (CPCL / Parent / Transferee / Demerged Company)'' and ‘Career Point
Edutech Limited (CPEL / erstwhile Subsidiary / Resulting Company)'' had considered and approved the Composite Scheme of Arrangement
under Section 230 to 232 and other Applicable Provisions of the Companies Act, 2013 (the ‘Scheme''), which provides for amalgamation of
Srajan Capital Limited into CP Capital Limited and demerger of education business of CP Capital Limited into Career Point Edutech Limited on
going concern basis. The Chandigarh Bench of the Hon''ble National Company Law Tribunal (NCLT) through its order dated 23 September, 2024
(issued on 22 October, 2024) had approved the Scheme with the appointed date being 1 April, 2023, and thereafter it has been filed with the
Registrar of Companies on 13 November, 2024.

Upon the Scheme becoming effective, the Education business of CPCL (Demerged Company) along with the assets and liabilities thereof has
been transferred to CPEL (Resulting Company) on a going concern basis and the SCL (Transferor Company) has been amalgamated into CPCL
(Transferee Company) and the same have been accounted for in the financial statements as at the appointed date i.e. 1 April, 2023, in
accordance with the Scheme. Accordingly the financial statements after the appointed date have been restated to include the impact of the
demerger and merger in accordance with the applicable Indian Accounting Standards (Ind AS).

Further, in accordance with the Scheme, the Board of Directors of CPEL, at its meeting held on 12 May, 2025, allotted 1,82,92,939 equity shares of
Rs. 10/- each as fully paid-up to the eligible shareholders of CPCL in the ratio of 1 (One) equity share of Rs. 10/- each of the CPEL for every 1 (One)
equity share of Rs. 10/- each held in CPCL, whose names appeared in the Register of Members or records of the depositories as on the Record
Date i.e. 9 May, 2025.

36 In accordance with the provision of Section 135 of the Companies Act, 2013, Board of Directors of the Company had constituted a Corporate
Social Responsibility (CSR) Committee, in terms, with the provisions of the said Act. During the year, Company has contributed the following
sums towards CSR initiatives.

41 SEGMENT REPORTING

The Company is primarily engaged only in the business of providing loans to customers and has no overseas operations/units and as such, no
segment reporting is required under Ind AS- 108 dealing with the Segment Reporting.

42 "The balances in the accounts of the loans and advances and other parties are subject to confirmation / reconciliation. Adjustment, if any will be
accounted for on confirmation / reconciliation of the same, which in the opinion of the management will not have a material impact."

43 "SCL (Transferor Company), which was a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), to ensure its
amalgamation with CPCL (Transferee Company) had surrendered its Certificate of Registration as NBFC (‘COR'') after the Scheme of
Arrangement became effective and as its business was amalgamated in CPCL (Transferee Company) on a going concern basis, CPCL to carry
out the business as NBFC had applied for the COR, which has since granted by RBI w.e.f. 1 April, 2025.

Further, with the necessary approvals of the shareholders and the Registrar of Companies, Jaipur, CPCL had altered its object clause of the
Memorandum of Association w.e.f. 10 September, 2021 to include activities related with NBFC and though CPCL is now registered as NBFC,
however, considering that its COR as NBFC is applicable / effective from 1 April, 2025, its financial statements as at 31 March, 2025 and for the
year ended on that date, have been presented in accordance with the Division II of Schedule III of the Companies Act, 2013 as applicable to Ind
AS Compliant Non- NBFC Companies"

44 Financial risk management objectives and policies

The Company''s risk management policies are established to identity and analyse the risks faced by the Company, to set appropriate risk limits
and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in
market conditions and the Company activities.

The Board of Directors has overall responsibility for the establishment and oversight of the Company''s risk management framework.

In performing its Operating, Investing and Financing activities the Company is exposed to the Liquidity and Funding Risk, Interest Rate Risk and
Credit Risk.

(A) Interest rate risk: Interest rate risk stems from movements in market factors, such as interest rates, credit spreads which impacts investments,
income and the value of portfolios.

"Interest rate risk is:

•measured using Valuation at Risk (‘VaR''), and modified duration analysis and other measures, including the sensitivity of net interest income.
•monitored by assessment of probable impacts of interest rate sensitivities under simulated stress test scenarios given range of probable
interest rate movement so on both fixed and floating assets and liabilities."

(B) Credit Risk: Credit risk is the risk of financial loss arising out of a customer or counter party failing to meet their repayment obligations to the
Company.

"Credit risk is:

•measured as the amount at risk due to repayment default to a customer or counter party to the Company. Various matrices such as EMI default
rate, overdue position, collection efficiency, customers non-performing loans etc. are used as leading indicators to assess credit risk.

•monitored by Risk Management Committee using level of credit exposures, portfolio monitoring, repurchase rate, bureau data of portfolio
performance and industry, geographic, customer and portfolio concentration risks.

•managed by a robust control framework by the risk department which continuously align credit policies, obtaining external data from credit
bureaus and reviews of portfolios and delinquencies by senior and middle Management team comprising of risk, analytics, collection and fraud
containment along with business. The same is periodically reviewed by the Board appointed Risk Management Committee"

Financial Instruments

Credit risk from balances with banks, trade receivables, loans and advances and financial institutions is managed by the Company top
management in accordance with the Company''s policy. Investments of surplus funds are made only with approved counterparties and within
credit limits assigned to each cynterparty. Counterparty credit limits are reviewed by the top management on an annual basis, and may be
updated throughout the year subject to approval of the Company''s board of directors. The limits are set to minimise the concentration of risks
and therefore mitigate financial loss through counterparty''s potential failure to make payments.

The Company has a well-defined sale policy to minimize its risk or credit defaults. Outstanding receivables are regularly monitored and
assessed. Impairment analysis is performed based on historical data at each reporting date on an individual basis.

Financial assets are written off when there is no reasonable expectation of recovery, such as customer failing to engage in a repayment plan
with the company.

Deposits with Bank: The deposits with banks constitute mostly the liquid investment of the company and are generally not exposed to credit
risk.

(C) "Liquidity and Funding Risk: Liquidity risk arises from mismatches in the timing of cash flows.

Funding risk arises:

•when long term assets cannot be funded at the expected term resulting in cash flow mismatches;

•amidst volatile market conditions impacting sourcing of funds from banks and money markets "

"Liquidity and funding risk is:

•measured by identifying gaps in the structural and dynamic liquidity statements.

•monitored by

45. Capital Risk Management:

The Company''s policy is to maintain an adequate capital base so as to maintain customer and market confidence and to sustain future
development. Capital includes issued capital, share premium and all other equity reserves attributable to equity holders. The primary objective
of the Company''s capital management is to maintain an optimal structure so as to maximize the shareholder''s value. In order to strengthen the
capital base, the Company may use appropriate means to enhance or reduce capital, as the case may be. No changes were made in the
objectives, policies or processes during the year ended 31 March, 2025 and 31 March, 2024.

The Company is not subject to any external imposed capital requirement. The Company monitors capital using a gearing ratio, which is net debt
divided by total capital plus net debt. Net Debt is calculated as borrowings less cash and cash equivalents.

The following methods and assumptions were used to estimate the fair values:

1) Fair value of cash and deposits, other bank balances, trade receivables, loans, trade payables, and other financial assets and liabilities
approximate their carrying amounts largely due to the short-term maturities of these instruments.

2) Long-term fixed-rate and variable-rate receivables / borrowings are evaluated by the Company based on parameters such as interest rates, specific
country risk factors, credit risk and other risk characteristics. Fair value of variable interest rate borrowings approximates their carrying values. For
fixed interest rate borrowing fair value is determined by using the discounted cash flow (DCF) method using discount rate that reflects the issuer''s
borrowings rate. Risk of non-performance for the company is considered to be insignificant in valuation.

Fair Value Hierarchy

All financial assets and liabilities for which fair value is measured in the financial statements are categorised within the fair value hierarchy, described
as follows: -

Level 1 - Quoted prices in active markets.

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable.

Level 3 - Inputs that are not based on observable market data.

The following table presents the fair value measurement hierarchy of financial assets and liabilities, which have been measured subsequent to initial
recognition at fair value as at 31st March, 2025 & 31st March 2024.

50. Additional Disclosures

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any
Benami property under the Benami Transactions (Prohibition) Act, 1988.

(ii) The Company has not done any transaction with Struck off Companies during the year ended 31 March, 2025.

(iii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

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

(v) The Company has not advanced or loaned or invested funds to any other person(s) or entity, including foreign entities (Intermediaries) with
the understanding that the Intermediary shall:

-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

-provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries"

(vi) The Company has not received any fund from any person or entity, including foreign entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) that the Company shall:

-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

-provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries. "

(vii) The Company has no 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.

(viii) The Company has not been sanctioned working capital limit in excess of 5 crore, in aggregate, at points of time during the year, from bank
on the basis of security of current assets.

(ix) The Company has utilized the borrowings from banks and financial institutions for the specific purpose for which it was taken during the
financial year.

(x) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory
period.

(xi) The Company does not make any Loan and Advances in the nature of Loans to Promoter, Director and KMPs.

(xii) The title deed of immovable properties of the Company are held in the name of the Company.

51. The Company uses accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and
the same has operated throughout the year for all relevant transactions recorded in the software except in certain components where the audit
trail were not operating due to system limitations. Further at no instance the Audit Trail feature was tempered with and the audit trail has been
preserved by the Company as per the statutory requirements for record retention.

53. The previous year''s figures have been regrouped and reclassified wherever considered necessary. Further, as the financial statements for the
previous year include the impact of the demerger and amalgamation as detailed in note 35, accordingly the same may not be comparable.

As per our report of even date

For S.P Chopra & Co. For and on behalf of the Board of Directors

Chartered Accountants

Firm Registration no. 000346N Pramod Maheshwari Om Prakash Maheshwari

Managing Director & CEO Executive director & CFO

DIN : 00185711 DIN: 00185677

(Gautam Bhutani) Manmohan Pareek

Partner Company Secretary

Membership No. 524485 Membership No. ACS34858

Place : Kota (Rajasthan)

Date: 30 May, 2025

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Mar 31, 2024

Nature of Reserves

1. General Reserve amount transferred /apportioned represents is in accordance with (the Companies Act, 1956) wherein a portion of profit is apportioned to general reserve, before a company can declare dividend.

2. Other Comprehensive Income Reserve represents the balance in equity for item to be accounted in Other Comprehensive Income. OCI is classified into

i) Items that will not be reclassified to profit & loss.

ii) item that will be reclassified to profit & loss.

3. The balance consists of surplus retained from earned profits after payment of dividend and taxes thereon.

4. Actuarial Gain and losses for defined plans are recognized through OCI in the period in which they occur. Re-measurement are not reclassified to profit or loss in subsequent periods.

5. Balance of Security Premium Reserve consists of premium on issue of shares over its face value. The balance will be utilised for issue of fully paid bonus shares, buy-back of Company''s own share as per the provisions of the Companies Act 2013.

Sub Note:

(a) Working Capital Term Loan (Kotak Bank) of ''322.35 Lakhs @ 9.25 % p.a.(RPRR 2.75%) payable by February, 2027. The loan is secured against the primary security having first charge on current assets (Present and future) and having Collateral Security on Plot No.23, Shubham Enclave, C-Scheme, Jaipur.

Personal guarantee given by Mr. Om Prakash Maheshwari and Mr. Pramod Maheshwari

(b) Working Capital Term Loan (Kotak Bank) of ''345.08 Lakhs @ 9.25 % p.a.(RPRR 2.75%) payable by February, 2029. The loan is secured against the primary security having first charge on current assets (Present and future) and having Collateral Security on Plot No.23, Shubham Enclave, C-Scheme, Jaipur.

Personal guarantee given by Mr. Om Prakash Maheshwari and Mr. Pramod Maheshwari.

(c) Term (Auto) Loan (Bank of Baroda) of ''10.46 Lakhs @ 9.95 % p.a.(RBI Repo Rate 3.45%) payable by November 2024. The loan is secured against hypothecation of vehicle. Personal guarantee given by Mr. Om Prakash Maheshwari, Mr. Nawal Kishore Maheshwari, Mr. Pramod Maheshwari and Mrs. Neelima Maheshwari.

(d) Term Loan (Indusind Bank) was payable by june 2034. The loan was secured against the Security on Plot No. B-28 & 10-B Scheme, Gopalpura by pass Jaipur. During the Financial Year 2023-24 Term Loan (Indusind Bank) is taken over by ICICI Bank Ltd..

(e) Term Loan (ICICI Bank) of ''390.99 Lakhs @ 9.10% p.a. (Repo 2.60) payable by January 2034. The loan is secured against the Security on Plot No. B-28 & 28-A, 10-B Scheme, Gopalpura by pass jaipur. Mr. Pramod Kumar Maheshwari is Co applicant.

@In earlier financial year 2021-22 search was conducted by Senior Intelligence officer, Directorate general of goods and Service Tax Intelligence (DGGI), Jaipur Zonal Unit, Jaipur on 25.04.2022 at CP Tower Road no.1, IPIA, Kota (Rajasthan) and the company has deposited demand of ''24.85 lakhs. During the year the case has been finalised by the Department vide letter dated 03.04.2023 wherein it has concluded its search and continued the demand. Accordingly, amount deposited by the Company has been adjusted against the final demand.

(b) Corporate Guarantee of ''3500 Lakhs and ''1260 Lakhs on behalf of Loan Facilities availed by Career Point University, Kota and Career Point Institute of Skill Development Private Limited. However the loan facilities have been repaid by both the borrowers during the year. Post balance sheet date, the Company has receieved NOC from Banker w.r.t loan facility avail of ''1260 lakhs by Career Point Institute of Skill Development Private Limited.

39. Estimated amount of contracts remaining to be executed on capital account net of advances is Nil (Previous Year Nil).

40. During the earlier years, the Company has received principal amount of 1st instalment of ''216.90 lakhs from Rajasthan Skill and Livelihoods Development Corporation (RSLDC} for the Deen-Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) project, against which the Company had incurred ''371.75 lakhs and Issued bank guarantee of ''54.22 lakhs in terms of the agreement signed with RSLDC. During the year ended 31st March 2022, RSLDC has invoked bank guarantee of ''54.22 lakhs and has also demanded refund amounting to ''334.76 lakhs (Including interest of ''117.36 lakhs) on termination of the above stated project. The Company has pursued the invocation of Bank Guarantee and other receivable of ''213.41 lakhs (including ''159.19 lakhs receivable) from RSLDC, before the Hon''ble Rajasthan High Court, Jaipur and the Rajasthan State Commercial Court under section 9 of Arbitration & Conciliation Act, 1996. The Hon''ble Rajasthan High Court, Jaipur Bench has appointed the sole arbitrator in the matter. The Company has submitted its application before the Hon''ble Arbitrator. After submission of statement of defence by RSLDC, evidence and arguments, arbitral judge will pronounce the judgement. Based on Its assessment of the merits of the case, the management is of the view that it has a creditable case in its favour and the aforesaid receivable balances are good and fully recoverable and hence, no adjustment is required as demanded by the RSLDC at this stage.

41. In accordance with the provision of section 135 of the Act, Board of Directors of the Company had constituted a Corporate Social Responsibility (CSR) Committee, in terms, with the provisions of the said Act, the Company was to spend a sum of ''34.42 Lakhs and ''28.79 Lakhs towards CSR activities during the year ended 31st March 2024 and 31st March 2023 respectively. During the year, Company has contributed the following sums towards CSR initiatives.

46. SEGMENT REPORTING

In accordance with IND AS 108, Operating Segments, segment information has been provided in the consolidated financial statements of the Company and therefore no separate disclosure on segment information is given in these standalone financial statements.

The information relating to revenue from external customers, location of non current assets of its reportable segments has been disclosed as follows:

(a) Revenue from operation :-

(i) Within India -Rs 6,261 Lakhs(PY. Rs.5,189.89 Lakhs)

(ii) Outside India-Rs. Rs Nil(P.Y. Nil)

(b) All Non current Assets of the company are located in india.

Information about major customer:

The Company has two customer whose revenue represents 44.99%(31 March 2023: two customer whose revenue Represents 43.7%) of the Company''s total revenue.

47. The annual GST return (Form 9 and 9C) for the year ended 31st, March, 2024 is pending for the filling as competent authority, The company is in process of reconciling the date of GSTR-2A with GSTR-3B. In the view of management on final reconciliation, the impact will not be material.

48. (a) The Board of Directors of the Company in their meeting held on 14th February 2023, has approved a composite scheme of arrangement (‘Scheme'') under section 230 to 232, read with section 66 and other applicable provisions of the Companies Act, 2013 and the provisions of other applicable laws, amongst Srajan Capital Limited (Transferor Company), Career Point Limited (CPL) (Transferee Company/Demerged Company) and Career Point Edutech Limited (Resulting Company) and their respective shareholders. The Scheme provides for (i) demerger of education business (‘Demerged Undertaking'') from Career Point Limited to Career Point Edutech Limited (Resulting Company); and (ii) merger of Srajan Capital Limited (Transferor Company) with Career Point Limited (Transferee Company). The appointed date for the purpose of giving Scheme effect is 1st April 2023. Hon''ble NCLT Chandigarh has issued second motion order dated 21st March 2024 with the direction of publication of notice of hearing date in newspapers and the Company has complied with the direction. The Scheme would become effective after receipt of all requisite approvals as mentioned in the Scheme and accordingly, no effect of the Scheme has been given in the financial statements for the year ended 31st March 2024.

(b) With the necessary approvals of the shareholders and the Registrar of Companies, Jaipur, the Company had altered its object clause of the Memorandum of Association w.e.f. 10th September 2021 to include activities related with NBFC which interalia includes the business activities of holding and investment / finance and accordingly income from investment/finance business have been included in Revenue from operations. The Company had also applied for NBFI Registration with Reserve Bank of India (RBI), for which approval is awaited.

49. (a) During the year the Company has given a loan of ''32,609.18 Lakhs (Previous Year ''27,153.46 Lakhs) and balance outstanding at the year end is ''23,631.28 Lakhs (Previous Year ''17,523.74 Lakhs) at the rate of 10.50% per annum to M/s Srajan Capital Limited (''SCL''), a wholly owned NBFC Subsidiary for Business activity. The interest has been charged at the rate not less than Bank rate declared by Reserve Bank of India (RBI). Furthermore Management is also of the opinion that the given loan is in compliance of section 185 and section 186 under Companies Act, 2013. Investment in SCL is ''2,663 lakhs.

(b) As at 31st March 2024, the Company''s total exposure in its subsidiary company M/s Srajan Capital Limited (SCL) is ''26,294.28 lakhs (Investment ''2,663 lakhs and Unsecured Loan ''23,631.28 lakhs). SCL has degraded (sub-standard and doubtful) its loans and advances to various parties as on 31st March 2024 amounting to ''782.63 lakhs (net of provision of ''4,567.28 lakhs, including loan to related party of ''4,397.33 lakhs, fully provided for) as at 31st March 2023 ''721.44 lakhs (net of provision of ''4,507.38 lakhs, including loan to related party of ''4,397.33 lakhs, fully provided for). During the financial year ended 31st March 2024, the related party has made payment of ''756.67 lakhs (Total ''1,707.40 lakhs upto 31st March 2024) to SCL against its outstanding dues and interest. Considering the long term nature, the intrinsic value, positive net worth, repayments made by the related party to SCL and future cash flows of the assets of subsidiary company, in the opinion of the management of the company, no provision for diminution in value is necessary at this stage.

(c) During the earlier financial year 2021-2022, a loan of ''12,200 lakhs which was repayable on demand was converted into long term loans. The long term loan of ''13,000 lakhs will be repaid after four years from FY 2022-2023 in 8 equal installments of ''1,625 lakhs in the manner as will be agreed between parties from time to time.

50. Financial risk management objectives and policies

The Company''s activities are exposed to a variety of financial risks from its operations. The key financial risks include market risk (including interest rate risk etc.), credit risk and liquidity risk. The company''s overall risk management policy seeks to minimize potential adverse effects on company''s financial performance.

(A) Market Risk: Market risk is the risk that the fair value of future cash flow of financial instruments will fluctuate because of change in market prices. Market risk comprises mainly of interest rate risk.

(a) Interest rate risk: Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Any change in the interest rates environment may impact future rates of borrowing. The company mitigates this risk by regularly assessing the market scenario, finding appropriate financial instruments, interest rate negotiation with the lenders for ensuring the cost effective method of financing.

(b) Interest Rate Sensitivity: The following table demonstrates the sensitivity to a reasonable possible change in interest rate on financial assets affected. With all other variable held constant, the company''s profit before tax is affected through the impact on finance cost with respect to our borrowing as follows:

(c) Price Risk: The Company''s exposure to securities price risk arises from investments held in mutual funds and classified in the balance sheet at fair value through profit or loss. To manage its price risk arising from such investments, the company diversifies its portfolio. Quotes (NAV) of these investments are available from the mutual fund houses. As on 31.03.2024, the Company has no investment in mutual funds and hence it has no price risk as on 31.3.2024.

Profit for the year would increase/decrease as a result of gains/losses on these securities classified as at fair value through profit or loss.

(d) Commodity Price risk: The Company is affected by the price volatility of certain commodities. Its operating activities require the purchase of raw material therefore, requires a continuous supply of certain raw materials. To mitigate the commodity price risk, the Company has an approved supplier base to get competitive prices for the commodities and to assess the market to manage the cost without any comprise on quality.

(B) Credit Risk:

Credit risk arises from the possibility that counter party may not be able to settle their obligation as agreed. Credit risk primarily arises from financial assets such as trade receivables, other balance with banks, loans and other receivables.

Trade Receivables:

The maximum exposure to credit risk is primarily from trade receivables (Other than Group Company). The company periodically assesses the credit quality of counter parties, taking into the financial condition, current economic trends, past experiences and other factors.

The company has a well-defined sale policy to minimize its risk or credit defaults. Outstanding receivables are regularly monitored and assessed. Impairment analysis is performed based on historical data at each reporting date on an individual basis.

Financial assets are written off when there is no reasonable expectation of recovery, such as customer failing to engage in a repayment plan with the company.

Deposits with Bank: The deposits with banks constitute mostly the liquid investment of the company and are generally not exposed to credit risk.

(C) Liquidity Risk: Liquidity risk is the risk, where the company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The company''s approach to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when due.

51. Capital Risk Management: The Company''s policy is to maintain an adequate capital base so as to maintain creditor and market confidence and to sustain future development. Capital includes issued capital, share premium and all other equity reserves attributable to equity holders. The primary objective of the Company''s capital management is to maintain an optimal structure so as to maximize the shareholder''s value. In order to strengthen the capital base, the company may use appropriate means to enhance or reduce capital, as the case may be.

The above information''s regarding Micro, Small and medium Enterprise has been determined to the extent such parties have been identified of information available with the Company and as certified by the management.

53. Fair valuation techniques: The Company maintains policies and procedures to value financial assets or financial liabilities using the best and most relevant data available. 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.

The following methods and assumptions were used to estimate the fair values:

1) Fair value of cash and deposits, other bank balances, trade receivables, loans, trade payables, and other financial assets and liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

2) Long-term fixed-rate and variable-rate receivables / borrowings are evaluated by the Company based on parameters such as interest rates, specific country risk factors, credit risk and other risk characteristics. Fair value of variable interest rate borrowings approximates their carrying values. For fixed interest rate borrowing fair value is determined by using the discounted cash flow (DCF) method using discount rate that reflects the issuer''s borrowings rate. Risk of non-performance for the company is considered to be insignificant in valuation.

Fair Value Hierarchy

All financial assets and liabilities for which fair value is measured in the financial statements are categorised within the fair value hierarchy, described as follows:

Level 1 - Quoted prices in active markets.

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable. Level 3 - Inputs that are not based on observable market data.

The following table presents the fair value measurement hierarchy of financial assets and liabilities, which have been measured subsequent to initial recognition at fair value as at 31st March, 2024 & 31st March 2023.

Terms and Conditions of Loan given to related parties:

Loans given by the Company to related parties are unsecured loan of Rs.10,631.28 lakhs is repayable on demand and the borrower agrees to repay the loan as and when demanded by the company. Long Term Loan is of Rs.13,000 lakhs. Further the borrower shall pay interest @ 10.50% on the principal amount of loan outstanding. Interest will be charged on quarterly basis. The borrower undertakes that they will utilize the entire amount of loan for their business activity.

56. Other Information in terms of the amendment in Schedule Ill of the Companies Act vide notification dated 24th March 2021

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(ii) The Company does not have any transactions with companies struck off.

(iii) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year

(iv) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

(v) The Company have not advanced or loaned or invested funds (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries)(read with note no. 55 (c) above wherein company has advanced or loaned or invested in one of the subsidiary company which is registered as NBFC with RBI and whose business is to provide and service loans and provide ancilliary services)

(vi) The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(vii) The Company does not have 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)

(viii) The company has not been sanctioned working capital limit in excess of 5 crore, in aggregate, at points of time during the year, from bank on the basis of security of current assets.

(ix) The company has utilized the borrowings from banks and financial institutions for the specific purpose for which it was taken during the financial year.

(x) There is no change in opening balance of other equity due to change in any accounting policy and prior period errors

(xi) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.

57. Audit Trial

The Company has used accounting software for maintaining its books of account which have a feature of recording audit trail (edit log) facility and that have operated throughout the financial year for all relevant transactions recorded in the software except that the feature of recording audit trail (edit log) facility was not enabled in the accounting software for the period from 01st April 2023 to 09th April 2023. Further, during the periods where audit trail (edit log) facility was enabled and operated throughout the year for the respective accounting software, we did not come across any instance of the audit trail feature being tampered.

56. Previous year figures have been regrouped/rearranged/recasted wherever consider neccesary to make them comparable with current period.

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Mar 31, 2023

The company has elected to measure the items of property, plant & equipment at their orevious GAAP carrying value at the date of transition to IND AS. Bulliding Includes Building Built on leasehold land.

The management of the company has reviewed the existing assets working conditions and utility at the balance sheet date and are of the opinion that there exists no Indication that an asset has been impaired and hence no impairment has beencarrled out.

"Include Building on land owned by related party. Gross Block of building is*7873.62 Lakhs & Net Block of Building is* 6915.82 Lakhs.

Note 5: CAPITAL WORK-IN-PROGRESS

Capital work-in-progress comprises of property, plant and equipment that are not ready for their intended use at the end of reporting period and are carried at cost comprising direct costs, related incidental expenses, other directly attributable costs and borrowing costs.

I No provision for diminution In the value of certain investments has been considered necessary, since In the opinion of the management, such diminution in their value is temporary in nature considering the nature of investments, inherent value and expected future cash flows from such investment.

''@51%share of the company Career Point Institute of Skill Development Pvt. Ltd. pledged with NSDCfor loan facility availed forspecific project.

(b) Rights, preferences and restrictions attached to shares:

The company has only one class of equity shares having par value of ? 10/- per share. Equity shareholder is having equal voting rights as well ai •ight to dividend dedared/distributed by the company.

(d) Aggregate number of shares issued for consideration otherthancashduringthe periodof fryeyearsimmediatelyprecedingtl-.e reporting pehod

The company has issued equity share 30,000 of ?10 each fully paid up during the financial ''/ears 2017-18. on exercise of options granted under the employee stock option plans wherein part consideration was received in form of employee services.

(e) Noclassofsha-cs have been boughtbackby the Company during the oe''-iodot''five yearsimmediatelyprecedingthe reporting date

Nature of Reserves

1 General Reserve amount transferred /apportioned represents is in accordance with (The Companies Act, 1956) wherein a portion of profit is apportioned to general reserve, before a company can declare dividend.

2 "Other Comprehensive Income Reserve represents the balance in equity for item to be accounted In Other Comprehensive Income. OCI Is classified into

i) Items that will not be reclassified to profit & loss

ii) Item th3t will be reclassified to profit & loss."

3 "The balance consists of surplus retained from earned profits after payment of dividend and taxes thereon.''

4 Actuarial Gain and losses for defined plans are recognized through OCI in the period in which they occur. Re-measurement are not reclassified to profit or loss In subsequent periods.

5 Balance of Security Premium Reserve consists of premium on issue of shares over its face value. The balance will be utilised for issue of fully paid bonus shares, buy-back of Company''s own share as per the provisions of the Companies Act 2013.

6 The company has an equity-settled share based payment plan for certain categories of employees of the company, refer Note No. 42 of standalone financial statement.

• In the previous year, the Board of Directors, at its meeting declared interim dividend the detail of which is as follows: -

Sub Note:

(a) Working Capital Term Loan (Kotak Bank) of 7410.61 Lakhs @ 9.50% p.a.{RPRR 3% p.a) payable by February, 2027. The loan is secured against the primary security having first charge on current assets (Present and future) and having Collateral Security on Plot No.23, Shubham Enclave, C-Scheme, Jaipur.

Personal guarantee given by Mr. Om Prakash Maheshwari. Mr. Nawal Kishore Maheshwari and Mr. Pramod Maheshwari.

(b> Term (Auto) Loan (Bank of Baroda) of ?26.77 Lakhs @ 10.20% p.a.(RBI Repo Rate -r3.45%) payabe by November 2024. The loan Is secured 3gainst hypothecation of vehicle. Personal guarantee given by Mr. Om Prakash Maheshwari, Mr. Nawal Kishore Maheshy/ari. Mr. Pramod Maheshwari and Mrs. Neelima Maheshwari.

© Term Loan (Induslnd Bank) of 7418.68 Lakhs <® 8.65 % p.a. (1 Year MCLR .15%) payable by June 2034. The loan Is secured against the Security on Plot No. 8-28 & 10-B Scheme, Gopalpura by pass jaipur. Personal guarantee given by Mr. Pramod Maheshwari.

''|S> Search was conducted by Senior Intelligence officer, Directorate general of goods and Service Tax intelligence (DGGI), Jaipur Zonal Unit, Jaipur on 25.04.2022 at CP Tower Road no.l, IPIA, Kota {Rajasthan) and the company has deposited demand of ?24.85 lakhs. Post balance sheet date, the case has been finalised by the Department vide letter dated 03.04.2023 wherein it has concluded its search and continued the demand. Accordingly, amount deposited by the Company has been adjusted against the final demand, lb) Corporate Guarantee of ?3500 Lakhs and *1260 Lakhs on behalf of Loan Facility availed by Career Point University, Kota and Career Point institute of Stall Development Private limited. The management does not expectany outflow of resources in respect of corporate guarantees given.

39 Estimated amount of contracts remainingto be executed on capital account net of advances is Nlll. (Previous year?5 lakhs.)

40 During the earlier years, the Company has received principal amount of 1st Installment of Rs. 216.90 lakhs from Rajasthan Skill and Livelihoods Development Corporation {RSLDC) for the Deen-Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) project, against which the Company had Incurred Rs.371.75 lakhs and Issued bank guarantee of Rs. 54.22 lakhs in terms of the agreement signed with RSLDC. During the quarter ended 30th September 2022. RSLDC has Invoked oank guarantee of Rs. 54.22 lakhs and has also demanded refund amounting to Rs. 334.76 lakhs (including interest of Rs. 117.36 lakhs) on termination of the above stated project. The Company has pursued the invocation of Bank Guarantee and other receivable of Rs. 213.42 lakhs (Including Rs. 159.19 lakhs receivable) from RSLDC, before the Hon''ble Rajasthan High Court, Jaipur and the Rajasthan State Commercial Court under section 9 of Arbitration & Conciliation Act, 1996.The matter was listed on 28.04.2023 before the hon''ble Rajasthan H gh Court, Jaipur Bench for final arguments wherein the hon''ble Court allowed the petition in Company’s favour and appointed the sole arbitrator. The Company is under process to file application before the sole arbitrator as appointed by hon''ble Court. Based on its assessment of the merits of the case, the management is of the view that it has a creditable case in its favour and the aforesaid receivable balances are good and fully recoverable and hence, no adjustment is required as demanded by the RSLDC at this stage.

41 In accordance with the provision of section 135 of the Act, Board of Directors of the Company had constituted a Corporate Social Responsibility (CSR) Committee, in terms, with the provisions of the said Act, the Company was to spend a sum of * 28.79 Lakhs and ^ 32.49 Lakhs towards CSR activities during the year ended 31st March 2023 and 31st March 2022 respectively. The CSR Committee has been examining and evaluating suitable proposals for deployment of funds towards CSR initiatives. However, the committee expects finalization of such proposals in due course. During the year, Company has contributed the following sums towards CSR initiatives.

42 CPL Employee Stock Option Plan 2013:

Pursuant to the resolution passed by the members In the ACM held on 2lst Sept 2013, the company has introduced CPL employee Stock Option Plan 2013, which provides for issue of not more than 9,06.647 equity shares of face value of ?10each fully paid up shares.

The Company has granted 5,COG employee stock options under the scheme, tacn option so granted shall carry 3 right to subscrioe one equity share of the company upon vest! ng and payment of exercise orice of ? 100 per option. The said Stock Ootion vested on 2nd July, 201S and entitled to exercise the options up to a period of4 years from thedate of vesting. These 5000 options nave beenexercised during 2017-18.

Further, the Company has granted 70,000 employee stock options under the scheme. Each option so granted shall carry a right to subscribe one equity share of the company upon vesting and payment of exercise price of ?125 per option. Out of the above 40,000 stock option vested on 30th November, 2016 and 30,000 stock option shall be vested over 3 period of 2 ''/ears from the date of grant, 30th November, 2015 and same is entitled to be exercised up to 3 period or 4 years from the date of vesting. Out of these 70,GOO options, 25000 options had been exercised during 2017-18 and 20000 equity shares had been allotted at an exercise price of ?125pershare including premium of ? 115 per share to the eiigibe employees of the company underthe scheme during 2020-21.

Further, the Company has granted 10,000 employee stock options under the scheme. Each option so granted shall carry a right to subscribe one equity share of the company upon vesting and payment of exercise price of ?110 per option. Out of the above 5,000 stock option granted shail be vested over a period of one-year and 5,000 stock option over a period of 2 years from the date of grant, 30th March, 2017 and same s entitled to be exercised up to a period of 4 years from the date of vesting. Out of these 10,000 options, 10,000 equity shares had been allotted at an exercise price of ? 110 per share including premium of? 100 per share to theeiigible employee of the company under the schemeduring2020-21 No options were granted during the year No options were exercised dun ng the year.

Further, 25000 options which vrere not exe rcised by the eligible emp! oyee have lapsed on 30th November, 2021 The Number of Share Options under the share option plan areasfollows:

43. The Board of Directors at their meeting held on 29th May 2023 has recommended final dividend of Rs 1 per share for the financial year ended March, 312023, subject to the approval of the members at the Annual General Meeting. This is in addition to interim dividend Rs 1 per share declared and paid by the Board of Directors during the said financial \''ear.

47 SEGMENTREPORTING

In accordance with IND AS 108, Operating Segments, segment information has been provided in the consolidated financial results of the Company and therefore no separate disclosure on segment information is given in these standalone financial Statements.

48 The annual GST return (Form 9and 9C) for the year ended 31st, March, 2023 is pending for the filling as competent authority has extended the date of filling till 31st December 2023. The company is in process of recor.ciling the date of GSTR-2A with GSTR-3B. In the view of management on final reconciliation, the impact v/ill not be mate rial.

49 (a) The Board of Directors of the Company in their meeting held on 14th February 2023, has approved a composite scheme of arrangement (''Scheme''} under section 230 to 232. read with section 66 and other applicable provisions of the Companies Act, 2013and the provisions of other applicable laws, amongst Srajan Capital Limited (Transferor Company), Career Point Limited (CPL) (Transferee Company/Demerged Company) and Career Point Edutech Limited (Result rg Company) and their respective shareholders. The Scheme provides for (i) demerger of educat or. business (''Demerged Undertafcng''J from Career Point Limited to Career Point Edutech Limited (Resulting Company); and (ii) merger of Srajan Capital Limited (Transferor Company) with Career Point Limited (Transferee Company). The appointed date for the purpose of giving scheme effect is 1st April 2023. On 28.02.2023 the Career Point Limited has submitted the scheme before the Regulatory Authorities viz SEBI, BSE and NSE. The scheme Is, Inter alia, subject to, receipt of approval from the statutory, regulatory and customary approvals, including approvals from Stock Exchanges, NCLT Chandigarh Branch.

(b) With the necessary approvals of the shareholders and the Registrar of Companies, Jaipur, the Company had altered its object clause of the Memorandum of Association w.e.f. 10th September 2021 to include activities related with NBFC which interalia includes the business activities of holding and investment/financeand accordingly income from investment/finance business have been included in Revenue from operations.

(c) Accordingly, in view of as stated in (b) above, the Company had applied for NBFI Registration with Reserve 8ank of India (RBI) In this regard, RBI has advised Company to alter the object clause of the Memorandum of Association (MOA) of the Company in order to be eligible for registration as non deposit taking (NDj NBFC and plan of the Company to obtain regulatory approvals from SEBi and NCIT in relation to the proposed scheme of arrangement (as referred In para 4(aJ above). The Company has informed RBI, It is in process to file application with SEBI for the r approval and after receiving their approval v/l!l file the scheme with NCLT, Chandigarh for their approval Regarding alteration of MOA, the same has been approved by the shareholders through postal ballot on dated 10.02.2023 and accordingly, the company has received approval from the Registrar of Companies Chandigarh on28.04.2C23. Presently communication with RBI on their queries is going on and certificate of registration is awaited..

SO (a) During the year the Company has given a loan of ^ 27,153.46 Lakhs (Previous Year ^25,104.53 Lakhs) and balance outstanding at the year end is ^17,523.74 Lakhs (Previous Year ^14,068.50 Lakhs) at the rate of 10.05% per annum to M/s Srajan Capital Limited I''SCL¹), a wholly owned NBFC Suosidlary for Business activity. The interest has oeen charged at the rate not less than Bank rate declared by Reserve Bank of India (RBI). Furthermore Management is also of the opinion that the given loan is in compliance of section 185 and section 186 under Companies Act, 2013. Investment in SCL Is Rs.2,663 lakhs.

(b) As at 31st March 2023, the Company''s investment in and loan to subsidiary company M/s Srajan Capital Limited (''SCL'') is Rs. 20,186.74 lakhs (Investment Rs. 2,663.00 lakhs and unsecured loan Rs. 17,523.74 lakhs). As per the audited financial statements of SCL for the year ended 31st March 2023, it has degraded (sub-standard and doubtful) its loans and advances to various parties amounting to Rs. 5,228.82 lakhs (upto 31.03.2022 Rs. 4.431.72 lakhs) including loans given to related party of Rs. 4.397.32 lakhs (upto 31.03.2022 Rs. 4,397.32 lakhs) against which SCL has made provision of Rs. 4,507.38 lakhs (Including provision against loans given to related party of Rs. 4,397.32 lakhs) (upto 31.03.2022 Rs. 467.20 lakhs including orov sion on loans given to rented party of Rs. 439.73 lakhs). Also, the borrower has started the payment of its outstanding dues and has paid Rs. 1,007.20 lakhs during the year. Considering the long term nature, the intrinsic value and future cash flows of the assets of subsidiary company, in the opinion of the management of the company, no provision for diminution in value is necessary in this stage.

c) During the previous financial year 2021-2022, a loan of Rs. 12,200 lakhs which was repayable on demand was converted into long term loans. The long term loan of Rs. 13,000 lakhs will be repaid after four years from FY 2022-2023 in 8 equal installments of Rs. 1,625 lakhs in the manner as wiil be agreed between parties from time to time.

51 Financial risk management objectives and policies

The Company''s activities are exposed to a variety of financial risks from Its operations. The key financial risks include market risk (including interest rate risk etc.), credit risk and liquidity risk. The company''s overall risk management policy seeks to minimize potential adverse effects on company''s financial performance.

(A) Market Risk: Market risk Is the risk that the fair value of future cash flow of financial Instruments will fluctuate becauseof change In market prices. Market risk comprises mainly of interest rate risk.

(a) Interest rate risk: Interest rate risk is the risk that the fair value of future cash flows of a financial Instrument will fluctuate because of changes in market interest rates. Any change in the interest rates environment may impact future rates of borrov/ing. The company mitigates this risk by regularly assessing the market scenario, finding appropriate financial instruments, interest rate negotiation with the lenders for ensuring the cost effective method of financing.

(b) Interest Rate Sensitivity: The following table demonstrates the sensitivity to a reasonable possible change in interest rsteon financial assets affected. With all other variable held constant, the company''s profit before tax is affected through the impact on finance cost with respect to our borrowing as follows:

(c) Price Risk: The Company''s exposure to securities price riskarises from investments held In mutual funds and classified In the balance sheet at fair value through profit or loss. To manage its price risk arising from such investments, the company diversifies its portfolio. Quotes (NAV) of these investments are available from the mutual fund houses. As on 31.03.2023, the Company has no investment in mutual funds and hence ft has no price risk as on 31.3.2023.

Profit forthe year would increase/decrease as a result of gains/losseson these securities classified as at fair value through profit or loss.

(d) Commodity Price risk: The Company is affected by the price volatility of certain commodities. Its operating activities require the purchase of raw material therefore, requires a continuous supply of certain raw materials. To mitigate the commodity price risk, the Company has an approved supplier base toget competitive prices forthe commodities and to assess the market to manage the cost without any comprise on quality.

(B) Credit Risk:

Credit risk arises from the possibility that counter party may not be able to settle their obligation as agreed. Credit risk primarily arises from financial assets such as trade receivables, other balance with banks, loans and other receivables.

Trade Receivables: - The maximum exposure to credit risk is primarily from trade receivables (Other than Group Company), The company periodically assesses the credit quality of counter parties, taking into the financial condition, current economic trends, past experiences and other factors.

The company has a well-defined sale policy to minimize its risk or credit defaults. Outstanding receivables are regularly monitored and assessed. Impairment analysis is performed based on historical data at each reporting date on an individual basis Financial assets are written off when there is no reasonable expectation of recovery, such as customer failing to engage in a repayment plan with the company.

Deposits with Bank: The deposits with banks constitute mostly the liquid investment of the company and are generally not exposed to credit risk.

(C) Liquidity Risk: Liquidity risk is the risk, where the company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset, The company''s approach to ensure, as far as possible, that It will have sufficient liquidity to meet its liabilities when due.

52. Capital risk management

The Company''s policy is to maintain an adequate capital base so as to maintain creditor and market confidence and to sustain future development. Capital Includes Issued capital, share premium and all other equity reserves attributable to equity holders. The primary objective of the Company''s capital management is to maintain an optimal structure so as to maximize the shareholder''s value. In order to strengthen the capital base, the company may use appropriate means to enhance or reduce capital, as the case may be.

The Company is notsubjecttoany external Imposed capital requirement. The company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. Net Debt is calculated as borrowings less cash and cash equivalents.

The above information''s regarding Micro. Small and medium Enterprise has been determined to the extent such parties have been identified of information available with the Company and as certified by the management.

54. Fair valuation techniques

The Company maintains policies and procedures to value financial assets or financial liabilities using the best and most relevant data available. The fair values of the financial assets and liabilities are included at the amount that v/ould be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The following methods and assumptions were used to estimate the fair values:

1) Fair value of cash and deposits, other bank balances, trade receivables, loans, trade payables, and other financial assets and liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

2) Long-term fixed-rate and variable-rate receivabies / borrowings are evaluated by the Company based on parameters such as interest rates, specific country risk factors, credit risk and other risk characteristics. Fair value of variable interest rate borrowings approximates their carrying values, for fixed interest rate borrowing fair value is determined by using the discounted cash flow (DCF) method using discount rate that reflects the issuer''s borrowings rate. Risk of non-performance for the company is considered to be insignificant in valuation.

Fair Value Hierarchy

All financial assets and liabilities for which fair value is measured in the financial statements are categorised within the fair value hierarchy,

described as follows: -

Level 1 - Quoted prices in active markets.

Level 2- Valuation techniques for which the lowest level Input that is significant to the fair value measurement is directly or Indirectly observable.

Level 3 - Inputs that are not based on observable market data.

The following table presents the fair value measurement hierarchy of financial assets and liabilities, which have been measured subsequent to Initial recognition at fair value as at 31st March, 2023 & 31st March 2022.

Terins and Conditions of Loan given to related parties:

Loans given by the Company to related parties are unsecured. Loan of ?4,523.74 Lakhs is repayable on demand and the borrower agrees to repay the loan as and when demanded by the company. Long Term Loan is of 113,000 Lakhs. Further the borrower shall pay interest @ 10.05% on the principal amount of loan outstanding. Interest will be charged on quarterly basis. The borrower undertakes that they will utilize the entire amount of loan for their business activity.

57. Other Information in terms of the amendment in Schedule III of the Companies Act vide notification dated 24th March 2021

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any 8enami property.

(ii) The Company does not have any transactions with companies struck off.

(Hi) The Company have not traded or Invested in Crypto currency or Virtual Currency during the financial year

(iv) The Company has not been declared wilful defaulter by any bank or financial institution orgovemment or any government authority.

(v) The Company have not advanced or loaned or invested funds (eitherfrom borrowed funds orshare premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entitles (Intermediaries) with the understanding

that the Intermediary shall lend or Invest in party identified by or on behalf of the Company (Ultimate Benefidaries)(read with note no. 56 (c) above wherein company has advanced or loaned or invested in one of the subsidiary company which is registered as NBFC with RBI and whose business is to provide and service loans and provide ancillary services)

(vi) The Company has not received any fund from any party(s) (Funding Party) vrith the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(vii) The Company does not have 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}

(viii) The company has not been sanctioned working capital limit in excess of ? 5 crore, in aggregate, at points of time during the year, from bank on the basis of security of current assets.

(ix) The company has utilized the borrowings from banks and financial institutions for the specific purpose for which it. was taken during the financial year

(x) There is no change In opening balance of other equity due to change In any accounting policy and prior period errors

(xi) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.

59. Previous year figures have been regrouped/rearranged/recasted wherever consider neccesary to make them comparable with current period.

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Mar 31, 2018

1 The Company overview

Career Point Limited is engaged in providing Education Service which inter alia include Education Consultancy, Management Services, Tutorial Services and Residential Hostel Services.

Career Point Limited (The Company), is a public limited Company domiciled in India and is incorporated under the provisions of the Companies Act applicable in India. Career Point Limited has its listing with BSE Limited and National Stock Exchange of India. The registered office of the Company is situated at CP Tower 1, Road No 1,1 PI A, Kota -324005, Rajasthan, India. The financial statement of the Company for the year ended March 31,2018 are approved for issue by the Company’s Board of Directors on May 16,2018.

2 Basis of preparation of financial statements

(i) Statement of compliance

In accordance with the notification issued by the Ministry of Corporate Affairs, the Company is required to prepare its financial statements as per the Indian accounting standards (IND AS) prescribed under section 133 of Companies Act 2013 (the act) read with rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 as Amended by the Companies (Indian Accounting Standards) amendment rules, 2016 with effect from 1st April, 2017.

Accordingly, the company has prepared these financial statements which comprises the balance sheet as at 31.03.2018, the statement of profit & loss, (including other Comprehensive Income) the statement of cash flows & the statement of changes in equity for the year ended 31.03.2018 and a summary of the significant accounting policies and other explanatory information (together herein after referred to as “financial statements”). The financials for the year ended March 31, 2018 of the company are the first financial statements prepared in compliance with IND AS. The date of transition to Ind AS is April 1,2016. The financial statements upto the year ended March 31, 2017, were prepared in accordance with the accounting standards notified under the Companies (Accounting Standards) Rules, 2006(“I-GAAP or previous GAAP”) and other relevant provisions of the Act. The figures for the year ended March 31, 2017 have now been reinstated as per IND AS to provide Comparability. The reconciliation of effects of the transition from Indian GAAP to IND AS is disclosed in Note no 56 to these financial statements.

(ii) Basis of Measurement

“The Company maintains its accounts on accrual basis following the historical cost convention, except for certain items that have been measured at fair value as required by the relevant IND AS.

The standalone financial statements are presented in Indian Rupees (Rs.), which is the Company’s functional and presentation currency and all amounts are rounded to the nearest lacs (Rs.00,000) and two decimals thereof, except as stated otherwise.”

(iii) Use of Estimates & Judgements

The Preparation of financial statements in conformity with Ind As requires that the management of the company makes estimates and assumptions that affect the reported amounts of income and expenses of the period, the reported balances of assets and liabilities and the disclosures relating to contingent liabilities as at the date of the financial statements. Actual results could differ from these estimates. (Refer note No. 4 on critical accounting estimates, assumptions & judgments.)

These estimates could change from period to period and also the actual results could vary from the estimates. Appropriate changes are made to the estimates as the management becomes aware of changes in circumstances surrounding these estimates. The changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the financial statements.

3 Critical accounting estimates, assumptions and judgements:

In the process of applying the Company’s accounting policies, management has made the following estimates, assumptions and judgements, which have significant effect on the amounts recognised in the financial statement. Uncertainty about these assumptions and estimates could result in outcome that require a material adjustment to assets or liabilities affected in future periods.

i) Property, plant and equipment

Property, Plant and equipment represent a significant proportion of the asset base of the company. The useful lives and residual value of the company’s asset are determined by the management at the time the asset is acquired and reviewed at each reporting date.

ii) Income taxes

The Company’s tax jurisdiction is India. Significant judgements are involved in estimating budgeted profits for the purpose of paying advance tax, determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions

iii) Contingencies

Management judgement is required for estimating the possible outflow of resources, if any, in respect of contingencies/claim/litigations against the Company as it is not possible to predict the outcome of pending matters with accuracy.

iv) Allowance for uncollected accounts receivable and advances

Trade receivables do not carry any interest and are stated at their normal value as reduced by appropriate allowances for estimated irrecoverable amounts. Individual trade receivables and advances are written off when management deems them not to be collectible. Impairment is made on the expected credit losses, which are the present value of the cash shortfall over the expected life of the financial assets.

v) Impairment of non-financial assets

The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, the Company estimates the assets’s recoverable amount. An assets’s recoverable amount is the higher of an assets’s or CGU’s fair value less costs of disposal and its value in use. Where the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount.

vi) Impairment of financial assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected loss rates. The Company uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on Company’s past history, existing market conditions as well as forward looking estimates at the end of each reporting period.

vii) Fair value measurement of financial instruments

When the fair values of financials assets and financial liabilities recorded in the Balance Sheet cannot be measured based on quoted prices in active markets, their fair value is measured using valuation techniques, including the discounted cash flow model, which involve various judgements and assumptions.

# Pledged against Loan taken from Barclays investment & Loan (India) Private Limited. Refer Sub Note No. 24(c)

% 5,15,685.49 units pledged against Deutsche Bank Overdraft Facility. Refer Sub Note No. 24(a)

$ Pledged against ICICI Bank Overdraft Facility. ReferSub Note No. 24(b)

@ 14,34,248.51 Units pledged against borrowing availed by Career Point Infra Limited (Related Party)

* Pledged against borrowing availed by Career Point Infra Limited (Related Party)

I No provision for diminution in the value of certain long term investments has been considered necessary, since in the opinion of the Management, such diminution in their value is temporary in nature considering the nature of investments, inherent value and expected future cash flows from such investments.

b) Rights, preferences and restrictions attached to shares:

The company has only one class of equity shares having par value ofRs. 10/-per share. Equity shareholder is having equal voting rights as well as right to dividend declared/distributed by the company.

d) Aggregate number of shares issued for consideration other than cash during the period of five years immediately preceding the reporting date The Company has issued 30,000 equity shares of Rs.10/- each fully paid up during the year on exercise of option granted under the employee stock option plan wherein part consideration was received in form of employee services.

e) No class of shares have been bought back by the Company during the period of five years immediately preceding the reporting date

Nature of Reserves

1. General Reserve amount transferred /apportioned represents is in accordance with Indian Corporate law (The Companies Act, 1956) wherein a portion of profit is apportioned to general reserve, before a company can declare dividend.

2. Other Comprehensive Income Reserve represent the balance in equity for item to be accounted in Other Comprehensive Income. OCI is classified into

i) Items that will not be reclassified to profit & loss

ii) item that will be reclassified to profit & loss.

3. The balance consists of surplus retained from earned profits after payment of dividend and taxes thereon.

4. Actuarial gains and losses for defined benefit plans are recognized through OCI in the period in which they occur. Re-measurements are not reclassified to profit or loss in subsequent periods.

5. Balance of Security Premium Reserve consists of premium on issue of shares over its face value. The balance will be utilised for issue of fully paid bonus shares, buy-back of Company’s own share as per the provisions of the Companies Act 2013.

6. The Company has an equity-settled share-based payment plans for certain categories of employees of the Company, Refer Note No. 42 of standalone financial Statements

Sub Note:

(a) Working Capital Term Loan(@ 8.60% p.a.) of Rs.342.86 Lacs and Rs. 231.47 Lacs payable in equitable monthly installment by October, 2020 and November, 2021 respectively. Both the loans are secured against the primary security having first charge on current assets(Present and future) and having Collateral Security on Plot No.23, Shubham Enclave, C-Scheme, Jaipur and Plot No. 49, Shree Nath Puram, Sector-B, Kota. Personal guarantee given by Om Prakash Maheshari, Nawal Kishore Maheshwari, Neelima Maheshwari and Pramod Maheshwari.

(b) Term Loan (Indusind Bank) of Rs.2500 Lacs (@ 8.60% p.a.) payable by March 2024 .The loan is secured against the security on Plot No. E-8 (I) Road No. 1, IPIA, Kota. Loan is repayable in 24 quarterly installments starting from June 2018, 4 Installments of 62.5 Lacs, 4 installments of 75 Lacs, 4 installments of 87.5 Lacs, 4 installments of 100 Lacs, 4 installments of 125 Lacs and 4 installments of 175 Lacs

Sub Note:

a) Overdraft facility from Bank ofRs. 1,004.15 Lacs @ 8.20% p.a against the security of FMP ofRs. 1,282.23/- Lacs (Market Value Rs.1,289.75 Lacs as on 31^st March, 2018). Refer Foot note to Note no. 8

b) Overdraft facility from Bank of Rs. 174.31 Lacs @ 9% p.a are against the security of FMP of Rs. 100/- Lacs (Market Value Rs.122 lacs as on 31^st March, 2018). Refer Foot note to Note no. 8

c) Demand Credit Facility ofRs. 301.89 Lacs @ 8.25% p.a. from Others are secured against the security of Mutual Funds of Rs. 890 Lacs (Market Value Rs.1301.75 Lacs) and personal guarantee by Mr. Promod Maheshwari (Promotor). Refer Foot note to Note no. 8

d) Overdraft facility from Bank ofRs. 9,99.97 Lacs @8.60% p.a against the security plot No. E 8 (I) Road No. 1, IPIA, Kota.

e) Overdraft facility from Bank ofRs. 1,227.64 Lacs @9.15% p.a are secured against the security of Plot no. E-8 (II) Road No. 1, IPIA, Kota.

f) Loan from related party @ 9% p.a

Sub Note:

Amount payable to Micro, Small & Medium Enterprises (MSMED Act)

The management is of the opinion that there are no parties which can be classified as Micro, Small & Medium Enterprises to whom the company owes any sum. The Auditors have accepted the representations of the management in this regard. Refer Note No. 52 of the financial statements

4. Estimated amount of contracts remaining to be executed on capital account (net of advances NIL (Previous Year Rs. 15.16 lacs)) Rs. 69.20 Lacs (Previous Year Rs.65.45 Lacs).

5. Rajasthan Skill and Livelihoods Development Corporation (RSLDC) has accorded approval to sanction a project of skilling for 1500 rural poor youth under Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) of Ministry of Rural Development, Government of India to the Company under various categories for example Tourism & Hospital, Front office cum receptionist etc. Duration of the project is 36 months and the place of training will be at Kota, Baran, Bundi, Jhalawar and Jaipur. The sanctioned total Project cost including welfare cost isRs. 893.10 Lacs. On 3 February, 2017, Company received Rs. 212.56 Lacs, after issuing bank guarantee of Rs.54.22 lacs. As per records of Company, they have spent X 183.78 Lacs and the remaining balanceRs. 28.78 lacs is shown as Advance against DDU-GKY in Note-27. The Company is of the opinion that this project will not result in any profit or loss and therefore has not routed any Income and Expenditure through Profit and loss account.

6. In accordance with the provision of section 135 of the Act, Board of Directors of the Company had constituted a Corporate Social Responsibility (CSR) Committee, in terms, with the provisions of the said Act, the Company was to spend a sum ofRs. 34.25 lacs and Rs.24.95 Lacs towards CSR activities during the year ended 31st March 2018 and 31st March 2017 respectively. The CSR Committee has been examining and evaluating suitable proposals for deployment of funds towards CSR initiatives. However, the committee expects finalization of such proposals in due course. During the year, Company has contributed the following sums towards CSR initiatives.

7. CPL Employee Stock Option Plan 2013:

Pursuant to the resolution passed by the members in the AGM held on 21st Sept 2013, the company has introduced CPL Employee Stock Option Plan 2013, which provides for issue of not more than 9,06,647 equity shares of face value of Rs. 10 each fully paid up shares.

The Company has granted 5,000 employee stock options under the scheme. Each option so granted shall carry a right to subscribe one equity share of the company upon vesting and payment of exercise price ofRs. 100 per option. The said Stock Option vested on 2nd July, 2015 and entitled to exercise the options up to a period of 4 years from the date of vesting. These 5000 options have been exercised during 2017-18. Further, the Company has granted 70,000 employee stock options under the scheme. Each option so granted shall carry a right to subscribe one equity share of the company upon vesting and payment of exercise price ofRs. 125 per option. Out of the above 40,000 stock option vested on 30th November, 2016 and 30,000 stock option shall be vested over a period of 2 years from the date of grant, 30th November, 2015 and same is entitled to be exercised up to a period of 4 years from the date of vesting. Out of these 70,000 options, 25000 options have been exercised during2017-18.

During the year 16-17, Company has granted 10,000 employee stock options under the scheme. Each option so granted shall carry a right to subscribe one equity share of the company upon vesting and payment of exercise price ofRs. 110 per option. Out of the above 5,000 stock option granted shall be vested over a period of one year and 5,000 stock option over a period of 2 years from the date of grant, 30th March, 2017 and same is entitled to be exercised up to a period of 4 years from the date of vesting.

No options were granted during the year.

The Number of Share Options under the share option plan are as follows

8. Fees received by the company’s franchisee are deposited in the franchise wise bank account of the company. However, company is recording in its books of account only the amount which company is entitled to receive as royalty as per agreement entered into with the franchisee.

9. The disclosures required under IND AS 19” Employee Benefits”0020as given below:

A) Defined Contribution plan

The Company has classified the various benefits provided to employees’ as follows:

a) Defined Contribution Plans- Provident Fund

b) Employee State Insurance Plan

B) Defined Benefit Plan:

The employees’ gratuity fund defined benefit plan. The present value of obligation is determined based on actuarial valuation using by projected unit credit method in case of gratuity.

The principal assumptions are the discount rate & salary growth rate. The discount rate is generally based upon the market yields available on Government bonds. The estimate of rate of escalation in salary considered in actuarial valuation, taken into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market.

The above sensitivity analysis is based on change in an assumption while holding all other assumption constant in practice, this is unlikely to occur, and change in some of the assumption may be correlated. When calculating the sensitivity of the defined benefit obligation to significant actuarial assumption the same method [projected unit credit method] has been applied as when calculating the defined benefit obligation recognized within the balance sheet.

The company is depositing P.F contribution only for eligible employees within statutory limits. The employees whose income is above the statutory limits have opted not to subscribe and accordingly, the company is not required to make the contribution.

10. Segment Reporting

The Management has opined hostel and mess activities are very much incidental part of its main activity i.e. Coaching/Education. Therefore, whole business of the company is considered by the management as a single segment.

11. The Company has given a Loan ofRs. 47.81 Lacs (Previous Year Rs.130.25 Lacs during the year and balance outstanding as at year end is ‘NIL (Previous YearRs. 61.40 Lacs) to a Subsidiary Company (60% Voting right) in which directors of the Company hold 40% Voting Power. The main business activity of the said Company is to supply accessories for example uniform, books etc. to the students. The management of the Company is of the opinion that the loan has been given in the ordinary course of business and the interest has been charged at the rate not less than Bank rate declared by Reserve Bank of India(RBI). Furthermore, in the opinion of the Management as well as of an expert the given loan is in compliance of section 185 and 186 under Companies Act, 2013.

12. During the year the Company has given a loan ofRs.16,047.07 Lacs (Previous YearRs. 5167.23 Lacs) and balance outstanding at the year end isRs. 9,966.55 (Previous YearRs. 3,330.63 Lacs) (Maximum Outstanding Balance during the yearRs. 9,966.55 (Previous YearRs. 5,096.85 Lacs) at the rate of 9.75% to a wholly owned NBFC Subsidiary. Loan was given to meet the day to day expenses. The interest has been charged at the rate not less than Bank rate declared by Reserve Bank of India(RBI).Furthermore Management is also of the opinion that the given loan is in compliance of section 185 and section 186 under Companies Act, 2013.

13. Financial risk management objectives and Policies

The Company’s activities are exposed to a variety of financial risks from its operations. The key financial risks include market risk (including interest rate risk etc.), credit risk and liquidity risk. The company’s overall risk management policy seeks to minimize potential adverse effects on company’sfinancial performance.

(A) Market Risk: Market risk is the risk that the fair value of future cash flow of a financial instruments will fluctuate because of change in market prices. Market risk comprises mainly of interest rate risk.

(a) Interest rate risk: Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Any change in the interest rates environment may impact future rates of borrowing. The company mitigates this risk by regularly assessing the market scenario, finding appropriate financial instruments, interest rate negotiation with the lenders for ensuring the cost effective method of financing.

(b) Interest Rate Sensitivity: The following table demonstrates the sensitivity to a reasonable possible change in interest rate on financial assets affected. With all other variable held constant, the company’s profit before tax is affected through the impact on finance cost with respect to our borrowing, as follows:

(c) Price Risk: The Company’s exposure to securities price risk arises from investments held in mutual funds and classified in the balance sheet at fair value through profit or loss. To manage its price risk arising from such investments, the company diversifies its portfolio. Quotes (NAV) of these investments are available from the mutual fund houses.

Profit for the year would increase/decrease as a result of gains/losses on these securities classified as at fair value through profit or loss.

(d) Commodity Price risk: The Company is affected by the price volatility of certain commodities. Its operating activities require the purchase of raw material therefore, requires a continuous supply of certain raw materials. To mitigate the commodity price risk, the Company has an approved supplier base to get competitive prices for the commodities and to assess the market to manage the cost without any comprise on quality.

(B) Credit Risk:

Credit risk arises from the possibility that counter party may not be able to settle their obligation as agreed. Credit risk primarily arises from financial assets such as trade receivables, other balance with banks, loans and other receivables.

Trade Receivables: - The maximum exposure to credit risk is primarily from trade receivable (Other than Group Company). The company periodically assesses the credit quality of counter parties, taking into the financial condition, current economic trends, past experiences and other factors.

The company has a well-defined sale policy to minimize its risk or credit defaults. Outstanding receivables are regularly monitored and assessed. Impairment analysis is performed based on historical data at each reporting date on an individual basis.

Financial assets are written off when there is no reasonable expectation of recovery, such as customer failing to engage in a repayment plan with the company.

Where financial assets have been written off, the company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognized in Profit or loss.

14. Capital risk management

The Company’s policy is to maintain an adequate capital base so as to maintain creditor and market confidence and to sustain future development. Capital includes issued capital, share premium and all other equity reserves attributable to equity holders. The primary objective of the Company’s capital management is to maintain an optimal structure so as to maximize the shareholder’s value. In order to strengthen the capital base, the company may use appropriate means to enhance or reduce capital, as the case may be.

The Company is not subject to any external imposed capital requirement. The company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. Net Debt is calculated as borrowings less cash and cash equivalents.

The above information’s regarding Micro, Small and medium Enterprise has been determined to the extent such parties have been identified of information available with the Company and as certified by the management.

15. Fair valuation techniques

The Company maintains policies and procedures to value financial assets or financial liabilities using the best and most relevant data available. 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.

The following methods and assumptions were used to estimate the fair values:

1) Fair value of cash and deposits, trade receivables, trade payables, and other current financial assets and liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

2) Long-term fixed-rate and variable-rate receivables / borrowings are evaluated by the Company based on parameters such as interest rates, specific country risk factors, credit risk and other risk characteristics. Fair value of variable interest rate borrowings approximates their carrying values. For fixed interest rate borrowing fair value is determined by using the discounted cash flow (DCF) method using discount rate that reflects the issuer’s borrowings rate. Risk of non-performance for the company is considered to be insignificant in valuation.

FairValue hierarchy

All financial assets and liabilities for which fair value is measured in the financial statements are categorised within the fair value hierarchy, described as follows: -

Level 1 - Quoted prices in active markets.

Level 2-Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly.

Level 3 - Inputs that are not based on observable market data.

The following table presents the fair value measurement hierarchy of financial assets and liabilities, which have been measured subsequent to initial recognition at fair value as at 31stMarch, 2018,31st March 2017 and 1st April 2016:

Terms and Conditions of Loan given to related parties:

Loans given by the Company to related parties are unsecured and repayable on demand i.e. the borrower agrees to repay the loan as and when demanded by the company. Further the borrower other than Srajan Capital ltd shall pay interest @ 9%(Srajan capital ltd @ 9.75%) on the principal amount of loan outstanding. Interest will be charged on quarterly basis. The borrower undertakes that they will utilize the entire amount of loan for their ordinary course of business.

The company has pledged its mutual funds for loan taken by subsidiary company. Refer foot note no. 8

16. Principal differences between Ind AS and Indian GAAP

These financial statements, for the year ended 31 March 2018, have been prepared in accordance with Ind AS, for the purposes of transition to Ind AS, the company has followed the guidance prescribed in Ind AS 101- First time adoption of Indian Accounting Standards, with April 01, 2016 as the transition date and IGAAP as the previous GAAP.

Accordingly, the Company has prepared financial statements which comply with Ind AS applicable for periods ending on 31 March 2018, together with the comparative period data as at and for the year ended 31 March 2017, as described in the summary of significant accounting policies. In preparing these financial statements, the Company opening balance sheet was prepared as at 1 April 2016, the date of transition to Ind AS. This note explains the principal adjustments made by the Company in restating its Indian GAAP financial statements, including the balance sheet as at 1 April 2016 and the financial statements as at and for the year ended 31 March 2017.

The following reconciliations provide a quantification of the effect of significant differences arising from the transition from Previous GAAP to Ind AS in accordance with Ind AS 101:

- Equity as at 1st April, 2016;

- Equity as at 31st March, 2017;

- Balance Sheet as at 1st April, 2016

- Balance Sheet as at 31st March, 2017

-Total comprehensive income for the year ended 31st March, 2017.

In preparing these financial statements, the company has availed certain exemptions and exceptions from retrospective application of certain requirements under Ind AS, as explained below.

1) Ind AS optional Exemptions

i) Deemed cost:

Ind AS 101 permits a first-time adopter to elect to continue with the carrying value for all of its property, plant and equipment as recognized in the financial statements as at the date of transition to Ind AS, measured as per the previous GAAP and use that as its deemed cost as at the date of transition. This exemption can also be used for intangible assets covered by Ind AS 38 Intangible Assets and investment property covered by Ind AS 40 Investment Properties. Accordingly, the Company has elected to measure all of its property, plant and equipment, intangible assets and investment property at their previous GAAP carrying value.

ii) Investments in subsidiaries and joint ventures:

On the transition date, the Company has opted to carry investments in subsidiaries and associates at their deemed cost, i.e. previous GAAP carrying amount.

iii) Leases:

For arrangements entered into prior to 1^st April, 2016, the Company has assessed all arrangements for Embedded Leases based on conditions prevailing as at the date of transition (i.e. 1st April, 2016).

2) Ind AS Mandatory Exceptions Estimates:

The estimate at 1^st April 2016 and ended 31st March 2017 are consistent with those made for the same dates in accordance with Indian GAAP (after adjustment to reflect any differences if any, in accounting policies) apart from the items where application of Indian GAAP did not require estimation. The estimates used by the company to present these amounts in accordance with Ind AS reflect conditions as at the transition date and as of 31st March 2017.

Footnotes:

Measurement and recognition difference as on April 1,2016 and for the year ended March 31,2017

a) Investments others than investment in subsidiary, associate and joint venture

Under Indian GAAP non-current investments other than investment in subsidiary, associate and joint venture arrangement are measured at cost less any permanent diminution in value of investment. Difference between the cost and market price is recognized in profit and loss.

Under IND AS investments are designated as fair value through profit and loss(FVTPL).

b) Defermentof Franchise Income

AS 9 recognizes both completed contract method and proportionate completion method for recognition of revenue arising from rendering of services. It provides that where the performance of the service requires execution of more than one act, revenue is recognized proportionately by reference to the performance of each act. But as per IND AS when the outcome of a transaction involving the rendering of services can be estimated reliably, revenue associated with the transaction should be recognized by reference to the stage of completion of the transaction at the balance sheet date.

c) Cost of borrowing

Borrowing designated and carried at amortized cost are accounted on EIR method. The upfront fee or cost of borrowing incurred is deferred and accounted on EIR. Borrowings are shown as net of unamortized amount of upfront fee incurred.

d) Deferred Tax

The Company has accounted for deferred tax on the various adjustments between Indian GAAP and IND AS at the tax rate at which they are expected to be reversed.

MAT entitlement credit being of the nature of deferred tax, on transition to IND AS MAT credit entitlement of Rs. 242.86 Lacs and Rs.141.17 Lacs for April 1, 2016 and March 31, 2017 respectively has been regrouped under deferred tax liability from Current tax assets(net).

e) Defined benefit obligations-

The impact of change in actuarial assumption and experience adjustments for defined benefit obligation towards gratuity liability is accounted in the Statement of Other Comprehensive Income and corresponding tax impact on the same. Due to this, Rs.4.62 Lacs (Net of deferred tax) for the period ended March 31,2017, tax credit there on is shown in OCI and reversal in Statement of Profit and loss.

f) Statement of Cash Flow-

The impact of transition from Indian GAAP to IND AS on the Statement of Cash Flows is due to various reclassification adjustments recorded under IND AS in Balance Sheet, Statement of Profit & Loss.

17. Figures for the previous year have been regrouped/reclassified wherever necessary

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Mar 31, 2016

SEGMENT INFORMATION

The Company is in education field has identified two reportable segments viz. Informal and Formal Education. Segments have been identified and reported taking into account nature of products and services, the differing risks and returns and the internal business reporting systems. The accounting policies adopted for segment reporting are in line with the accounting policy of the Company with following additional policies for segment reporting.

a) Revenue and Expenses have been identified to a segment on the basis of relationship to operating activities of the segment. Revenue and Expenses which relate to enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as "Unallocable".

b) Segment Assets and Segment Liabilities represent Assets and Liabilities in respective segments. Investments, tax related assets and other assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed as "Unallocable".

c) As per Accounting Standard on Segment Reporting (AS-17), the Company has reported segment information on consolidated basis including businesses conducted through its subsidiaries.

(iv) Disclosure of related parties/ related party transactions:

(a) List of related parties over which control exists:

Career Point Edutech Limited Wholly owned Subsidiary

Career Point Infra Limited Wholly owned Subsidiary

Srajan Agritech Private Limited Wholly owned Subsidiary

Srajan Capital Limited Wholly owned Subsidiary

Coupler Enterprises Private Limited Wholly owned Subsidiary

Career Point Institute of Skill Development Pvt. Ltd. Wholly owned Subsidiary

Gyan Eduventure Private Limited Subsidiary

Career Point Accessories Private Limited Subsidiary

StudyBoard Education Pvt. Ltd. Joint Venturer

(b) Name of the related parties with whom transactions were carried out during the period and description of relationship:

- Subsidiary:

Career Point Edutech Limited

Career Point Infra Limited

Gyan Eduventure Private Limited

Career Point Accessories Private Limited

Srajan Agritech Private Limited

Srajan Capital Limited

Coupler Enterprises Private Limited

Career Point Institute of Skill Development Pvt. Ltd.

- Associates companies:

Imperial Infin Pvt Ltd -Joint Venturer:

StudyBoard Education Pvt. Ltd.

- Key Management Personnel:

Mr. Pramod Maheshwari (Chairman & Managing Director)

Mr. Om Prakash Maheshwari (CFO & Whole time Director)

Mr. Nawal Kishore Maheshwari (Whole time Director)

- Relative of Key Management Personnel:

Smt. Shilpa Maheshwari (Wife of Director)

Smt. Neelima Maheshwari (Wife of Director)

- Enterprises under same Management:

Diamond Business Solutions Private Ltd.

Om Prakash Maheshwari (HUF)

Wellwin Technosoft Private Ltd.

Gopi Bai Foundation Career Point University, Kota Career Point University, Hamirpur

(v) A CSR Committee is constituted and policy framed and uploaded on the website of the Company, however the company is yet to start expending on CSR Activity.

(vi) Fees received by the company''s franchises are deposited in the franchise wise bank account of the company. However, company is recording in its books of account only the amount which company is entitled to receive as royalty as per the agreement entered into with the franchise.

(vii) Basic and Diluted Earnings per share ["EPS"] computed in accordance with Accounting Standard (AS) 20 "Earnings Per Share"

(ix) There are no amounts due and outstanding to be credited to Investor Education & Protection Fund as at 31st March, 2016.

(x) Figures for the previous year have been regrouped/reclassified wherever necessary.

GENERAL INFORMATION:

Career Point Limited is engaged in providing Non Formal and Formal Education Service which inter alia include Education Consultancy, Management Services and Tutorial Services.

27 SIGNIFICANT ACCOUNTING POLICIES:

(i) Basis of Accounting

The company maintains its accounts on accrual basis following the historical cost convention in accordance with generally accepted accounting principles (GAAP) and in compliance with the Accounting Standards notified under section 133 and other requirements of the Companies Act, 2013.

The Preparation of financial statements in conformity with GAAP requires that the management of the company makes estimates and assumptions that affect the reported amounts of income and expenses of the period, the reported balances of assets and liabilities and the disclosures relating to contingent liabilities as at the date of the financial statements. Examples of such estimates include the useful life of tangible and intangible fixed assets, provision for doubtful debts/ advances, future obligations in respect of retirement benefit plans etc. Actual results could differ from these estimates.

(ii) Revenue Recognition

Revenue is recognized only when it can be reasonably measured and there exists reasonable certainty of its recovery. Minimum revenue commitment from franchisee is recognized at the time of receipt. Fees/income collected in advance for the period subsequent to the accounting period is shown as current liability.

Interest: Interest income is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable. Dividend: Dividend income is recognized when the right to receive dividend is established.

Gain from investment in Mutual Funds (FMPs) is recognized at the date of Maturity.

(iii) Employee Benefits

a. Defined Contribution plan

Company''s contributions paid/ payable during the year to Provident Fund and Employee Pension Scheme are recognized in the Profit and Loss Account.

b. Defined Benefit Plan

Company''s liabilities towards gratuity , are determined using the projected unit credit method which considers each period of service as giving rise to additional unit of benefit entitlement and measures each unit separately to build up the final obligation. Actuarial gain and losses are recognized immediately in the statement of Profit and Loss Account as income or expenses. Obligation measured at the present value of estimated future cash flows using discounted rate that is determined by reference to market yields at the balance sheet date on government bonds where the currency and terms of the Government are consistent with currency and estimated terms of the defined benefit obligation.

The Company does not provide carry forward and encashment of leave.

(iv) Property, Plant and Equipment (Fixed Assets)

Gross carrying amount of an asset is its cost or other amount substituted for the cost in the books of accounts, without making any deduction for accumulated depreciation and accumulated impairment losses. Fixed Assets are stated at cost of recognition/ installation less accumulated depreciation and include directly attributable cost including installation and freight charges for bringing the assets to working condition for intended use.

Cost is the amount of cash or cash equivalents paid or the fair value of the other considerations given to acquire an asset at the time of its acquisition or construction or, where applicable, the amount attributed to that asset at the time of its acquisition or construction or, where applicable, the amount attributed to that asset when initially recognized in accordance with the specific requirements of other Accounting Standards.

Carrying amount is the amount at which an asset is recognized after deducting any accumulated depreciation and accumulated depreciation losses.

Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life.

" Useful life is:(a) the period over which an asset is expected to be available for use by an enterprise; or(b) the number of production or similar units expected to be obtained from the asset by an enterprise."

" The cost of an item of property, plant and equipment is recognized as an asset if, and only if:(a) it is probable that future economic benefits associated with the item will flow to the Company; and(b) the cost of the item can be measured reliably."

Tangible assets not ready for the intended use on the date of the Balance Sheet are disclosed as "capital work-in-progress".

(v) Depreciation

Leasehold land is amortized over the period of lease. Depreciation on Fixed assets is provided from the date the asset is ready for commercial use on a pro-rata basis as per useful life prescribed in Schedule II of the Companies Act, 2013.

Depreciation for additions to/deletions from assets is calculated pro-rata from/to the date of addition/deletion.

(vi) Intangible Assets and Amortization

Intangible assets are recognized as per the criteria specified in Accounting Standard (AS) 26 "Intangible Assets" issued by the Institute of Chartered Accountants of India, adopted by the company from the Financial Year 2007-08 and are amortized as follows: -Cost of Lease hold land is amortized over the period of lease.

- Software - Amortized over a period of 3 years

(vii) Impairment of Assets

(a) At each Balance Sheet date, the carrying amount of assets is tested for impairment so as to determine:

(I) The provision for impairment loss required, if any, or

(II) The reversal required of impairment loss recognized in previous periods, if any.

(b) An impairment loss is recognized whenever the carrying amount of an asset or its cash generating units exceed its recoverable amount.

Recoverable amount is determined:

(I) in the case of an individual asset, at higher of the net selling price or value in use.

(II) in the case of cash generating unit, at higher of the cash generating unit''s net selling price or value in use.

(viii) Investments

(a) Long term investments are carried at cost after providing for any diminution in value, if such diminution is of permanent nature.

(b) Current investments that are readily realizable and intended to be held for not more than a year are carried at lower of cost or market value. The determination of carrying costs of such investments is done on the basis of specific identification.

(ix) Inventories

Inventories are valued at lower of cost or net estimated realizable value, mainly comprises of publication and printed material. The cost of publication and printed materials have been computed on the basis of cost of materials, labour, cost of conversion and other costs incurred for bringing the inventories to their present location and condition. Cost is determined on FIFO method.

(x) Miscellaneous Expenditure

Preliminary expenses incurred on formation of the company and expenses incurred for increase in authorized capital are amortized over a period of 5 years.

(xi) Foreign Currency Transactions

(a) The reporting currency of the company is Indian Rupee.

(b) Foreign currency transactions are recorded on initial recognition in reporting currency, using the exchange rate at the date of transaction. At each Balance sheet date, foreign currency monetary items are reported using the closing rate.

The exchange differences arising on settlement of monetary items are recognized as income or expenses in the year in which they arise.

(xii) Taxes on Income

Tax on income for the current period is determined on the basis of taxable income and tax credits computed in accordance with the provisions of the Income Tax Act, 1961.

Deferred Tax is recognized on timing differences between the accounting income and the taxable income for the year and quantified using the tax rates and laws enacted or substantively enacted as on the balance sheet date.

(xiii) Provisions, Contingent Liabilities and Contingent Assets

(a) Provisions are recognized for liabilities that can be measured only by using substantial degree of estimation, if

(I) the company has a present obligation as a result of past event;

(II) a probable outflow of resources is expected to settle the obligation;

(III) the amount of the obligation can be reliably estimated.

(b) Contingent liability is disclosed in the case of :

(I) a present obligation arising from a past event, when it is not probable that an outflow of resources will be required to settle the obligation;

(II) a present obligation when no reliable estimate is possible; and

(III) a possible obligation arising from past events where the probability of outflow of resources is not remote.

Contingent Assets are neither recognized, nor disclosed.

(c) Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance Sheet date.

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Mar 31, 2015

1. CPL Employee Stock Option Plan 2013:

The Company has granted 5,000 employee stock options under the scheme. Each option so granted shall carry a right to subscribe one equity share of the company upon vesting and payment of exercise price of Rs 100 per option. The said Stock Option granted shall be vested over a period of 1 year from the date of grant and entitled to exercise the options up to a period of 4 years from the date of vesting.

2. Sub Note:

(a) Overdraft facility of ' 90/- Lacs against the security of Fixed Deposit Receipts of Rs.100/- Lacs.

(b) Secured On Demand Credit Facility of ' 985 Lacs @11.25% p.a. (PY 10.60% p.a.) from Barclays Bank, against the security of Mutual Funds of ' 1,190 Lacs, repayable on demand, however no charge is registered with Registrar of Companies. The overdraft facility has been renewed in Sep-14 with interest rate reset @ 10.35% p.a.

Amount payable to Micro, Small & Medium Enterprises (MSM ED Act)

I) On the basis of absence of a data-base identifying creditors as Micro, Small & Medium Enterprises, the management is of the opinion that there are no parties which can be classified as Micro, Small & Medium Enterprises to whom the company owes any sum. The Auditors have accepted the representations of the management in this matter.

ii) The company will identify the suppliers who are covered under "The Micro, Small & Medium Enterprises Development Act, 2006" on receiving the information from them, after which necessary information as required under the said Act will be complied with.

3. Pledged/marked a lien as security against on demand credit facility to the company.

4. Pledged/marked a lien as security against on demand credit facility to its wholly owned subsidiary Career Point Infra Limited. The Management confirmed that the facility used for its principal business activity.

* Shown in the previous year as Current Investment, converted into Non Current Investment due to the change in terms.

(a) Classification of Inventories as required by AS-2 "Valuation of Inventories"

Raw Material and Finished Goods contains Publication Material (Paper), and Other Items and Printed Material (Books) respectively. Inventory consists of various types of books and other items, therefore item wise break-up of the same is not given.

5 . The Company formed a subsidiary along with an entrepreneur , to expand its base and capacity to a new city and has outstanding loan amount to Rs. 244.82 Lacs (P.Y. Rs.86.86 Lacs) @ 9%P.A. for its working capital requirement. The Management of the Company confirmed that the said loan is necessary for its business purpose, and is in compliance of clause (b) of sub section (1) of section 185 of the Companies Act, 2013.

6. The company has outstanding loans amounting to Rs. 1645.95 Lacs (P.Y. 1549.59) Lacs @9% p.a. to its wholly owned subsidiaries, repayable in 3 years/on demand and part of the loan was further loaned to its group companies/associates. The Management confirmed that such loans and further loans have been utilised by the group companies for their principal business activities as defined in Rules of section 185 of the Companies Act, 2013.

7. The Company has outstanding unsecured loan amounting to Rs.760.29 Lacs to a Charitable Institution under the same management.

8. The Company has given loan to its wholly owned subsidiary (A NBFC) which in turn has paid to a charitable trust under the same management to repay its liabilities to the company.

9. Amount Advanced to related party Amount in Rs.

10. Loans to others include Rs. 1071.32 Lacs (Previous Year Rs. 789.65 Lacs), given to various parties at the interest rates varying from 12% to 15% (Previous year @12% to 15.60%)

11. CONTINGENT LIABILITIES

Amount in Rs.

Particulars As at 31.03.2015 As at 31.03.2014

Service tax liability 69,389,525 57,500,587

Claims against the Company 3,280,200 4,920,448 not acknowledged as debts

Value added tax liability 56,580,597 55,604,459

IoTAL 129,250,322 118,025,494

12. Provision for Bonus has been made for Rs. 813,709 /-.(Previous year Rs.520,936/-) for eligible employees for the year ended on March 31,2015.

13. During the period, the company has paid remuneration to the following related parties defined as per AS-18 "Related Party Disclosures" :-

14. Payments to Auditors (excluding service tax)

(b) During the year the company has carried out the following transactions with related parties defined as per AS-18 "Related Party Disclosures" :-

15. Additional Information to the Financial Statements

(I) Estimated amount of contracts remaining to be executed on capital account (net of advances): Rs. 2,41,56,125/- (Previous Year Rs.273,62,489/-).

(ii) The Company has classified the various benefits provided to employees as follows:

(a) Defined Contribution Plans - Provident Fund

(b) State Plans - Employer's Contribution to Employees Pension Scheme, 1995.

During the year the Company has recognized Rs. 5,30,778/- (Previous year- Rs.3,18,986/-) as employer's contribution to Provident Fund and Rs.10,22,088/- (Previous Year- ' 5,89,274/-) as employer's contribution to Employees Pension Scheme, 1995 in the Profit and Loss Account.

The company is depositing P.F contribution only for eligible employees within statutory limits. The employees whose income is above the statutory limits have opted not to subscribe and accordingly, the company is not required to make the contribution.

(c) Defined Benefit Plans:

I) Gratuity

II) Leave Encashment

In accordance with Accounting Standard-15 (revised 2005) actuarial valuation was carried out as at 31st March, 2015 in respect of Defined Benefit Plans - Gratuity (the company does not provide encashment of earned leave) on the following assumptions:

The estimates of future salary increase, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.

In the absence of any investment, description of the basis required to be used to determine the overall expected rate of return on assets including.

(iii) Segment Reporting

The Management has considered the whole business of the company as a single segment i.e. non formal education, thus no segment reporting is required.

(iv) Disclosure of related parties/ related party transactions:

(a) List of related parties over which control exists:

(b) Name of the related parties with whom transactions were carried out during the period and description of relationship:

- Subsidiary:

Career Point Edutech Limited

Career Point Infra Limited

Gyan Eduventure Private Limited

Career Point Accessories Private Limited

Srajan Agritech Private Limited

Srajan Capital Limited Coupler Enterprises Private Limited

* Associates companies:

Imperial Infin Pvt Ltd

* Key Management Personnel:

Mr. Pramod Maheshwari (Chairman & Managing Director)

Mr. Om Prakash Maheshwari (CFO & Whole time Director)

Mr. Nawal Kishore Maheshwari (Whole time Director)

Smt. Neelima Maheshwari (Wife of Director)

* Relative of Key Management Personnel:

Smt. Shilpa Maheshwari (Wife of Director)

* Enterprises under same Management:

Diamond Business Solutions Private Ltd.

Om Prakash Maheshwari (HUF)

Wellwin Technosoft Private Ltd.

Gopi Bai Foundation

(v) The company is in the process of:-

16. To amend the Memorandum of Association in compliances to section 4 (6) read with Table A to Schedule I to remove other objects of the Company

17. To appoint a Company Secretary for secretarial audit in compliance of section 204 of the Companies Act, 2013 for the financial year 2014-15.

18. Maintaining its record on electronic forms as required under section 120 of the Companies Act, 2013.

19. A CSR Committee is constituted and policy framed and uploaded on the website of the Company, however the company yet to start expending on CSR Activity.

20. Fees received by the company's franchises are deposited in the franchise wise bank account of the company. However, company is recording in its books of account only the amount which company is entitled to receive as royalty as per the agreement entered into with the franchise.

21. Basic and Diluted Earnings per share ["EPS"] computed in accordance with Accounting Standard (AS) 20 "Earnings Per Share"

22. There are no amounts due and outstanding to be credited to Investor Education & Protection Fund as at 31st March, 2015.

23. Figures for the previous year have been regrouped/reclassified wherever necessary.

24. GENERAL INFORMATION:

Career Point Limited is engaged in providing Non Formal and Formal Education Service which inter alia include Education Consultancy, Management Services and Tutorial Services.

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Mar 31, 2014

1 Additional Information to the Financial Statements

(i) Estimated amount of contracts remaining to be executed on capital account (net of advances): Rs.273,62,489/- (Previous Year 51,282,125 /-).

(ii) Provision for wealth tax for the year is Rs.12,00,000/- (Previous year Rs.14,42,366/-) included in current tax.

(iii) The Company has classified the various benefits provided to employees as follows:

(a) Defined Contribution Plans – Provident Fund

(b) State Plans – Employer’s Contribution to Employees Pension Scheme, 1995.

During the period the Company has recognized Rs.3,18,986/- (Previous year-Rs.2,81,504/-) as employer’s contribution to Provident Fund and Rs.5,89,274/- (Previous Year- Rs.5,47,021/-) as employer’s contribution to Employees Pension Scheme, 1995 in the Profit and Loss Account.

The company is depositing P.F contribution only for eligible employees within statutory limits. The employees whose income is above the statutory limits have opted not to subscribe and accordingly, the company is not required to make the contribution.

(c) Defined Benefit Plans:

I) Gratuity

II) Leave Encashment

In accordance with Accounting Standard-15 (revised 2005) actuarial valuation was carried out as at 31st March, 2014 in respect of Defined Benefit Plans – Gratuity (the company does not provide encashment of earned leave) on the following assumptions:

The estimates of future salary increase, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.

In the absence of any investment, description of the basis required to be used to determine the overall expected rate of return on assets including major categories of plan assets has not been given.

(iv) Segment Reporting

The management has considered the whole business of the company as a single segment i.e. non formal education, thus no segment reporting is required.

(v) Disclosure of related parties/ related party transactions:

(a) List of related parties over which control exists

Name of the Related Party Relationship

Career Point Edutech Limited Subsidiary

Career Point Infra Limited Subsidiary

Gyan Eduventure Private Limited Subsidiary

Career Point Accessories Private Limited Subsidiary

Srajan Agritech Private Limited Subsidiary

Srajan Capital Limited Subsidiary

Coupler Enterprises Private Limited Subsidiary

Kota Automobiles Private Limited Subsidiary

Career Point Accessories Private Limited Subsidiary

(b) Name of the related parties with whom transactions were carried out during the period and description of relationship:

- Subsidiary:

Career Point Edutech Limited

Career Point Infra Limited

Gyan Eduventure Private Limited

Career Point Accessories Private Limited

Srajan Agritech Private Limited

Srajan Capital Limited

Coupler Enterprises Private Limited

- Associates companies:

Imperial Infin Pvt Ltd

- Key Management Personnel:

Mr. Pramod Maheshwari (Chairman & Managing Director) Mr. Om Prakash Maheshwari (CFO & Whole time Director) Mr. Nawal Kishore Maheshwari (Whole time Director)

- Relative of Key Management Personnel:

Smt. Shilpa Maheshwari (Wife of Director) Smt. Neelima Maheshwari (Wife of Director)

- Enterprises under same Management:

Diamond Business Solutions Private Ltd.

Om Prakash Maheshwari (HUF)

Wellwin Technosoft Private Ltd.

Gopi Bai Foundation

Career Point Education Society

(vi) Fees received by the company’s franchisees are deposited in the franchisee wise bank account of the company. However,

company is recording in its books of account only the amount which company is entitled to receive as royalty as per the agreement entered into with the franchisee.

(ix) There are no amounts due and outstanding to be credited to Investor Education & Protection Fund as at 31st March, 2014.

(x) Figures for the previous year have been regrouped/reclassified wherever necessary.

GENERAL INFORMATION:

Career Point Limited is engaged in providing Non Formal Education Service which inter alia include Education Consultancy,

Management Services and Tutorial Services.

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Mar 31, 2013

1. Additional Information to the Financial Statements

(i). Estimated amount of contracts remaining to be executed on capital account (net of advances) Rs. 51,282,125/- (Previous Year Rs. 87,836,908/-).

(ii) Provision for wealth tax for the year is Rs. 1,442,366/- (Previous year Rs. 1,400,000/-) included in current tax.

(iii) The Company has classified the various benefits provided to employees as follows:

(a) Defined Contribution Plans – Provident Fund

(b) State Plans – Employer’s Contribution to Employees Pension Scheme, 1995.

During the period the Company has recognized Rs. 281,504/- (Previous year-Rs. 278,309/-) as employer’s contribution to Provident Fund and Rs. 54,7021/- (Previous Year- Rs. 572,138/-) as employer’s contribution to Employees Pension Scheme, 1995 in the Profit and Loss Account.

The company is depositing P.F contribution only for eligible employees within statutory limits. The employees whose income are above the statutory limits have opted not to subscribe and accordingly, the company is not required to make the contribution.

(c) Defined Benefit Plans: i) Gratuity

ii) Leave Encashment

In accordance with Accounting Standard-15 (revised 2005) actuarial valuation was carried out as at 31st March, 2013 in respect of Defined Benefit Plans – Gratuity and Leave Encashment (the company does not provide encashment of earned leave) on the following assumptions:

(iv) Segment Reporting

The management has considered the whole business of the company as a single segment, thus no segment reporting is required. (v) Disclosure of related parties/ related party transactions:

(a) List of related parties over which control exists

(b) Name of the related parties with whom transactions were carried out during the period and description of relationship:

- Subsidiary: - Relative of Key Management Personnel:

Career Point Edutech Limited Smt. Shilpa Maheshwari (Wife of Director)

Career Point Infra Limited Smt. Neelima Maheshwari (Wife of Director)

Gyan Eduventure Private Limited Smt. Rekha Maheshwari (Wife of Director)

Career Point Accessories Private Limited

- Enterprises under same Management:

- Associates companies: Diamond Business Solutions Private Ltd.

Imperial Infin Pvt Ltd Om Prakash Maheshwari (HUF)

Wellwin Technosoft Private Ltd.

- Key Management Personnel:

Gopi Bai Foundation Mr. Pramod Maheshwari (Chairman & Managing Director)

Career Point Education Society Mr. Om Prakash Maheshwari (CFO & Whole time Director)

Mr. Nawal Kishore Maheshwari (Whole time Director)

(v) Fees received by the company’s franchisees are deposited in the franchisee wise bank account of the company. However, company is recording in its books of account only the amount which company is entitled to receive as royalty as per the agreement enterd into with the franchisee.

(vi) There are no amounts due and outstanding to be credited to Investor Education & Protection Fund as at 31st March, 2013.

(vii) Figures for the previous year have been regrouped/reclassified wherever necessary.

GENERAL INFORMATION:

Career Point Limited is engaged in providing Education Consultancy, Management Services and Tutorial Services.

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Mar 31, 2012

NOTE 1. CONTINGENT LIABILITIES

Particulars For the year ended For the year ended March 31, 2012 March 31, 2011

Service tax liability 1,054,036 1,054,036

Income tax liability against matters in appeal 950,525 950,525

Claims against the Company not acknowledged as debts 5,300,436 1,672,730

Value added tax liability 7,757,800 7,757,800

Income tax search case*

TOTAL 15,062,797 11,435,091

*An undisclosed income amounting to Rs. 60,058,330/- nas been detected by the income lax Department during search and seizure carried on 4th December, 2009 under Income Tax Act, 1961 in the office premises of the Company as well as the residence of the Executive Directors. Out of this income it is not clearly mentioned as to how much pertains to the individuals and how much to the Company. Consequently the liability of the Company in respect of this undisclosed income has become difficult to be ascertained.

2. Estimated amount of contracts remaining to be executed on capital account (net of advances): Rs. 87,836,908/- (Previous Year Rs. 35,055,230/-).

3. Provision for wealth tax for the Period is Rs. 14,00,000/- (Previous year Rs. 1,150,000/-) included in current tax.

4. The Company has classified the various benefits provided to employees as follows: (i) Defined Contribution Plans - Provident Fund

(ii) State Plans - Employer's Contribution to Employees Pension Scheme, 1995.

During the period the Company has recognised Rs. 278,309 /- (Previous year- Rs. 221,094/-) as employer's contribution to Provident Fund and Rs. 572,138 /- (Previous Year- Rs. 448,295/-) as employer's contribution to Employees Pension Scheme, 1995 in the Profit and Loss Account.

The Company is depositing RF contribution only for statutory required employees. The employees who are above the statutory limits have opted not to subscribe and accordingly, the Company is not required to make the contribution.

(iii) Defined Benefit Plans:

a) Gratuity

b) Leave Encashment

In accordance with Accounting Standard-15 (revised 2005) actuarial valuation was carried out as at 31st March, 2012 in respect of Defined Benefit Plans - Gratuity and Leave Encashment (the Company does not provide encashment of earned leave) on the following assumptions:

5. Segment Reporting

The management has considered the whole business of the Company as a single segment, thus no segment reporting is required.

6. Disclosure of related parties/ related party transactions:

(b) Name of the related parties with whom transactions were carried out during the period and description of relationship:

- Subsidiary:

Career Point Edutech Limited Career Point Infra Limited

- Key Management Personnel:

Mr. Pramod Maheshwari (Managing Director)

Mr. Om Prakash Maheshwari (Whole time Director)

Mr. Nawal Kishore Maheshwari (Whole time Director)

- Relative of Key Management Personnel:

Smt. Shilpa Maheshwari (Wife of Director) Smt. Neelima Maheshwari (Wife of Director) Smt. Rekha Maheshwari (Wife of Director)

- Enterprises under same Management:

Diamond Business Solutions Private Ltd. Om Prakash Maheshwari (HUF) Wellwin Technosoft Private Ltd. Imperial Infin Pvt Ltd Gopi Bai Foundation Proseed Foundation

7. Fees received by the Company's franchisees are deposited in the franchisee wise bank account of the Company. However, Company is recording in its books of account only the amount which Company is entitle to receive as royalty as per the agreement enter into with the franchisee.

8. The management of the Company has reviewed the existing assets working conditions and utility as at the balance sheet date and are of the opinion that there exists no indication that an asset has been impaired and hence no impairment has been carried out.

9. There are no amounts due and outstanding to be credited to Investor Education & Protection Fund as at 31 st March, 201 2.

10. Figures for the previous period have been regrouped / reclassified in line with revised Schedule VI as directed by MCA through Notification No. S.O. 447(E).

GENERAL INFORMATION:

Career Point Limited is a leading education Company in India, operating in both the Informal and Formal Education streams by providing Tutorial Services and Education Consultancy & Management services across the value chain.

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Mar 31, 2011

1. During the Year, the Company brought an Initial Public Offer (IPO) of 37,12,642 Equity Shares of Rs.10/- each at a premium of Rs.300/- per share (for employees Rs.285/- per share for eligible employees) for cash aggregating to Rs.11,500 Lacs. The Shares of the Company got listed on Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd. on October 6, 2010. The share premium amounting to Rs.11,128.73 Lacs has been credited to Share Premium account. The expenses in connection with issue of Equity Shares amounting to Rs.676.45 Lacs have been adjusted to Share Premium account.

2. Estimated amount of contracts remaining to be executed on capital account (net of advances): Rs.3,50,55,230 /- (Previous Year Rs. 9,08,737/-).

3. Provision for current taxes includes provision for wealth tax for the year is Rs.11,50,000/- (Previous year Rs.5,63,000/-).

4. The Company has classified the various benefits provided to employees as follows:

(i) Defined Contribution Plans – Provident Fund

(ii) State Plans – Employer's Contribution to Employees Pension Scheme, 1995.

During the year the Company has recognised Rs.2,21,094 /- (Previous year - Rs.1,27,040/-) as employer's contribution to Provident Fund and Rs. 4,48,295/- (Previous Year- Rs.2,88,349/-) as employer's contribution to Employees Pension Scheme, 1995 in the Profit and Loss Account.

The Company is depositing P.F contribution only for statutory required employees. The employees who are above the statutory limits have opted not to subscribe and accordingly, the Company is not required to make the contribution.

(iii) Defined Benefit Plans:

a) Gratuity

b) Leave Encashment

In accordance with Accounting Standard-15 (revised 2005) actuarial valuation was carried out as at March 31, 2011 in respect of Defined Benefit Plans – Gratuity and Leave Encashment (the Company does not provide encashment of earned leave) on the following assumptions:

The estimates of future salary increase, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.

In the absence of any investment, description of the basis required to be used to determine the overall expected rate of return on assets including major categories of plan assets has not been given.

5. Borrowing Cost:

According to the management of the Company, the funds utilised for the purpose of Assets acquired and capitalised/under Work in Progress are generated by internal accruals and equity raised.

6. Segment Reporting

The management has considered the whole business of the Company as a single segment, thus no segment reporting is required.

ii. Name of the related parties with whom transactions were carried out during the period and description of relationship:

Subsidiary:

Career Point Edutech Limited

Career Point Infra Limited

Key Management Personnel:

Mr. Pramod Maheshwari (Managing Director)

Mr. Om Prakash Maheshwari (Whole time Director)

Mr. Nawal Kishore Maheshwari (Whole time Director)

Relative of Key Management Personnel:

Smt. Shilpa Maheshwari (Wife of Director)

Smt. Neelima Maheshwari (Wife of Director)

Smt. Rekha Maheshwari (Wife of Director)

Enterprises under same Management:

Diamond Business Solutions Private Ltd.

Om Prakash Maheshwari (HUF)

Wellwin Technosoft Private Ltd.

Imperial Infin Pvt Ltd

Gopi Bai Foundation

Proseed Foundation

7. (a) During the Year, the Company has got sanctioned secured loan-overdraft facility of Rs.449.10 Lacs from HDFC Bank against the security of Fixed Deposit Receipts of Rs.499 Lacs issued by HDFC Bank in the name of the Company.

(b) During the Year, the Company has also got sanctioned secured loan-overdraft facility of Rs.210 Lacs from Oriental Bank of Commerce against the security of Fixed Deposit Receipts of Rs.222 Lacs issued by Bank in the name of the Company.

(c) The Company had also obtained secured loan- Dropline Overdraft facility of Rs.500 Lacs from HDFC Bank during the financial year 2008-09, Rs.283 lacs is the available drawing limit as on March 31, 2011, against the security of below mentioned properties.

- E-8(2), Road No.1, IPIA, Kota

- 112A, Shakti Nagar, Kota

- 112B, Shakti Nagar, Kota

8. During the year, the Company has given Rs.4,424.75 Lacs (Previous year Rs.3,258.51 Lacs) including interest to its wholly owned subsidiary M/s Career Point Infra Limited and Rs.20.32 Lacs (Previous year Rs.21.51 Lacs) including interest to its subsidiary M/s Career Point Edutech Limited against Inter Corporate deposit (ICD) converted into loans at the rate of interest of 9% per annum for meeting capital expenditure requirements. Both the subsidiaries undertake to repay the loan amount alongwith the accrued interest outstanding as on March 31, 2013 as per schedule mentioned below within three years:- (a) Repayment of 20% of the outstanding amount in quarterly installments in F.Y. 2013-14.

(b) Repayment of 40% of the outstanding amount in quarterly installments in F.Y. 2014-15.

(c) Repayment of 40% of the outstanding amount in quarterly installments in F.Y. 2015-16.

9. The Company has given an unsecured loan of Rs.2,000.16 Lacs at the rate of interest 9% p.a. to Gopi Bai Foundation Trust, a Public Charitable Trust, repayable along with the accrued interest within a period of three months.

10. Loans to others includes Rs.321.58 Lacs given to various parties at the interest rates varying from 9% to 20%.

11. Provision for Bonus has been made for Rs.3,37,511/-.(Previous year 1,81,974/-) for eligible employees for the year ended March 31, 2011.

12. Fees received by the Company's franchisees are deposited in the franchisee wise bank account of the Company. However, Company is recording in its books of account only the amount which Company is entitle to receive as royalty as per the agreement enter into with the franchisee.

13. Basic and Diluted Earning per share ["EPS"] computed in accordance with Accounting Standard (AS) 20 "Earnings per Share"

14. The management of the Company has reviewed the existing assets working conditions and utility as at the balance sheet date and are of the opinion that there exists no indication that an asset has been impaired and hence no impairment has been carried out.

15. Amount payable to Micro, Small & Medium Enterprises (MSMED Act)

(a) Inspite of absence of a data-base identifying creditors as Micro, Small & Medium Enterprises, the management is of the opinion that there are no parties which can be classified as Micro, Small & Medium Enterprises to whom the Company owes any sum. The Auditors have accepted the representations of the management in this matter.

(b) The Company will identify the suppliers who are covered under " The Micro, Small & Medium Enterprises Development Act, 2006" on receiving the information from them, after which necessary information as required under the said Act will be complied.

16. There are no amounts due and outstanding to be credited to Investor Education & Protection Fund as at March 31, 2011.

17. Figures for the previous period have been regrouped / reclassified wherever necessary. As per our report attached