Notes to Accounts of Fundviser Capital (India) Ltd.

Mar 31, 2025

2.12Provisions and Contingencies
a Provision

A provision is recognised when the Company has a present obligation as a result of past events
and it is probable that an outflow of resources will be required to settle the obligation in respect of
which a reliable estimate can be made. Provisions are not discounted to their present value and
are determined based on the best estimate required to settle the obligation at the Balance Sheet
date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best
estimates.

b Contingent liabilities

Contingent liabilities are disclosed when there is a possible obligation arising from the past events,
the existence of which will be confirmed only on 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 portable that an outflow of resources will be required
to settle or a reliable estimate of the amount cannot be made..

2.13Borrowing Cost

Borrowing cost incurred in relation to the acquisition, construction of assets are capitalized as the part
of cost of such assets up to date which such assets are ready for intended use. Other borrowing costs
are charged as an expense to the Profit and loss.

2.14Cash and Cash Equivalents

In the Cash flow statement, cash and cash equivalents include cash on hand, demand deposits with
bank, other short term highly liquid investments with original maturity of three months or less.

2.15Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to
equity shareholders by weighted average number of equity shares outstanding during the period. The
Weighted average number of equity shares outstanding during the period and for all periods presented
is adjusted for the events, such as bonus shares, other than conversion of potential equity share that
have changed the number of equity shares outstanding, without a corresponding change in resources.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable
to equity share holders and the weighted average number of shares outstanding during the period is
adjusted for the effects of all dilutive potential equity shares.

2.16Financial Instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability
or equity instrument of another entity.

2.16 A Financial Assets

i) Classification

The Company classifies its financial assets in the following measurement categories:

a) at fair value either through other comprehensive income (FVOCI) or through profit and
loss (FVTPL); and

b) at amortised cost.

The classification depends on the entity''s business model for managing the financial assets
and the contractual terms of the cash flows.

Gains and losses will either be recorded in the statement of profit and loss or other
comprehensive income for assets measured at fair value.

For investments in equity instruments, this will depend on whether the Company has made an
irrevocable election at the time of initial recognition to account for the equity investment at fair
value or through other comprehensive income or profit and loss.

ii) Measurement

At initial recognition, in case of a financial asset not at fair value through the statement of profit
and loss account, the Company measures a financial asset at its fair value plus transaction
costs that are directly attributable to the acquisition of the financial asset. Transaction costs of
financial assets carried at fair value through the statement of profit and loss are expensed in
profit or loss.

a Equity instruments

The Company measures all equity investments at fair value. The Company''s
management has opted to present fair value gains and losses on equity investments
through Other Comprehensive Income. Dividends from such investments are recognised
in the statement of profit and loss as other income when the Company''s right to receive
payments is established. Changes in the fair value of financial assets at fair value through
Other Comprehensive Income are recognised in other comprehensive income section in
the statement of profit and loss.

iii) Impairment of financial assets

The Company assesses on a forward looking basis the expected credit losses associated with
its assets carried at amortised cost and FVOCI debt instruments. The impairment methodology
applied depends on whether there has been a significant increase in credit risk.

For trade receivables only, the company applies the simplified approach permitted by Ind AS
109 Financial Instruments, which requires expected lifetime losses to be recognised from
initial recognition of the receivables.

iv) Derecognition of financial assets

A financial asset is derecognised only when

a) The Company has transferred the rights to receive cash flows from the financial asset.
Or

b) Retains the contractual rights to receive the cash flows of the financial asset, but assumes
a contractual obligation to pay the cash flows to one or more recipients.

Where the company has transferred an asset, it evaluates whether it has transferred
substantially all risks and rewards of ownership of the financial asset. In such cases, the
financial asset is derecognised. Where the entity has not transferred substantially all risks and
rewards of ownership of the financial asset, the financial asset is not derecognized.

Where the company has neither transferred a financial asset nor retains substantially all risks
and rewards of ownership of the financial asset, the financial asset is derecognised if the
Company has not retained control of the financial asset. Where the Company retains control
of the financial asset, the asset is continued to be recognised to the extent of continuing
involvement in the financial asset.

v) Income Recognition
a Interest income

Interest income from debt instruments is recognised using the effective interest rate
method. The effective interest rate is the rate that exactly discounts estimated future cash
receipts through the expected life of the financial asset to the gross carrying amount of a
financial asset. When calculating the effective interest rate, the company estimates the
expected cash flows by considering all the contractual terms of the financial instrument
(for example, prepayment, extension, call and similar options) but does not consider the
expected credit losses.

b Dividend income

Dividends are recognised in the statement of profit and loss only when the right to receive
payment is established, it is probable that the economic benefits associated with the
dividend will flow to the Company, and the amount of the dividend can be measured
reliably.

vi) Cash and cash equivalents

Cash and cash equivalents include cash on hand, deposits held at call with financial institutions,
other short- term, highly liquid investments with original maturities of three months or less, that
are readily convertible to known amounts of cash and which are subject to an insignificant risk
of changes in value.

2.16 B Financial Liabilities

i) Measurement

Financial liabilities are initially recognised at fair value, reduced by transaction costs (in
case of financial liabilities not recorded at fair value through profit and loss), that are directly
attributable to the issue of financial liability. All financial liabilities are subsequently measured
at amortised cost using effective interest method. Under the effective interest method, future
cash outflow are exactly discounted to the initial recognition value using the effective interest
rate, over the expected life of the financial liability, or, where appropriate, a shorter period. At
the time of initial recognition, there is no financial liability irrevocably designated as measured
at fair value through profit and loss

ii) Derecognition

A financial liability is derecognised when the obligation under the liability is discharged or
cancelled or expires. When an existing financial liability is replaced by another from the same
lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the de-recognition of the original
liability and the recognition of a new liability. The difference in the respective carrying amounts
is recognised in the statement of profit and loss

iii) Trade and other payables

These amounts represent liabilities for goods and services provided to the Company prior to
the end of financial year which are unpaid. The amounts are unsecured and are usually paid
as per payment terms

Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet
where there is a legally enforceable right to offset the recognised amounts and there is an
intention to settle on a net basis or realise the asset and settle the liability simultaneously. The
legally enforceable right must not be contingent on future events and must be enforceable
in the normal course of business and in the event of default, insolvency or bankruptcy of the
Company or the counterparty.

2.17 A Critical estimates and judgments

In the application of the company''s accounting policies, which are described in note 2(1) (d),
the management is required to make judgment, estimates, and assumptions about the carrying
amounts of assets and liabilities that are not readily apparent from other process. The estimates
and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period or in the period of the revision and future period if the revision affects both
current and future period.

The following are the critical estimates and judgments that have the significant effect on the
amounts recognised in the financial statements.

i) Estimation of current tax expense and deferred tax

The calculation of the company''s tax charge necessarily involves a degree of estimation
and judgment in respect of certain items whose tax treatment cannot be finally determined
until resolution has been reached with the relevant tax authority or, as appropriate, through
a formal legal process. Significant judgments are involved in determining the provision for
income taxes, including amount expected to be paid/recovered for uncertain tax positions.
Where the final tax outcome of these matters is different from the amounts that were initially
recorded, such differences will impact the current and deferred income tax in the period in
which such determination is made.

Recognition of deferred tax assets / liabilities

The recognition of deferred tax assets is based upon whether it is probable that sufficient and
suitable taxable profits will be available in the future against which the reversal of temporary
differences can be deducted. To determine the future taxable profits, reference is made to the
approved budgets of the company. Where the temporary differences are related to losses,
local tax law is considered to determine the availability of the losses to offset against the future
taxable profits as well as whether there is convincing evidence that sufficient taxable profit
will be available against which the unused tax losses or unused tax credits can be utilised by
the company. Significant items on which the Company has exercised accounting judgment
include recognition of deferred tax assets in respect of losses. The amounts recognised in the
financial statements in respect of each matter are derived from the Company''s best estimation
and judgment as described above.

ii) Estimation of Provisions and Contingent Liabilities

The company exercises judgment in measuring and recognising provisions and the exposures
to contingent liabilities, which is related to pending litigation or other outstanding claims.
Judgment is necessary in assessing the likelihood that a pending claim will succeed, or a
liability will arise, and to quantify the possible range of the financial settlement.

Because of the inherent uncertainty in this evaluation process, actual liability may be different
from the originally estimated as provision. Although there can be no assurance of the final
outcome of the legal proceedings in which the company is involved, it is not expected that
such contingencies will have a material effect on its financial position or profitability.

iii) Estimation of useful life of Property, Plant and Equipment, Intangible assets, Investment
properties

Property, Plant and Equipment, Intangible assets, Investment properties represent a significant
proportion of the asset base of the company. The charge in respect of periodic depreciation
is derived after determining an estimate of an asset''s expected useful life and the expected
residual value at the end of its life. The useful lives and residual values of company''s assets
are determined by management at the time the asset is acquired and reviewed periodically,
including at each financial year end. The useful lives are based on historical experience with
similar assets as well as anticipation of future events, which may impact their life, such as
changes in technology.

iv) Estimated fair value of Financial Instruments

The fair value of financial instruments that are not traded in an active market is determined
using valuation techniques. The Management uses its judgment to select a variety of methods
and make assumptions that are mainly based on market conditions existing at the end of each
reporting period.

v) Impairment of Trade Receivable

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

12.3 The Company has only one class of Shares referred to as Equity Shares having a par face value of ''10/-
each. Each holder of Equity Shares is entitled to one vote per share.

12.4 In case any dividend is declared and paid it is done in Indian rupees. The dividend proposed, if any, by the
Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

12.5 The Company has not declared or paid any dividend during the year or in respect of the year ended on
31 March 2025

12.6 In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive any
of the remaining assets of the Company, after distribution of all preferential amounts. However, no such
preferential amounts exist currently. The distribution will be in proportion to the number of Equity Shares
held by the shareholders.

12.7 The Company is a Holding Company of three Subsidiaries namely i. Starlight Box Theatres Private Limited
and ii. DARS Transtrade Private Limited. iii. New India RE and Infra LLP. It is not a Subsidiary Company of
any other Company.

stock exchanges is valued using the closing price as at the reporting period

Level 2: The fair value of financial instruments that are not traded in an active market is determined using
valuation techniques which maximize the use of observable market data and rely as little as possible on
entity specific estimates. The Company has mutual funds for which all significant inputs required to fair
value an instrument falls under level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is
included in level 3. This is the case for unlisted equity securities and unlisted preference shares are included
in level 3.

**There are no transfers between levels 1, 2 and 3 during the year.

(ii) Valuation technique used to determine fair value

Specific valuation techniques used to value financial instruments include: Investments in quoted equity
instruments are valued using the closing price at BSE Ltd. at the reporting period.

(iii) Fair value of Financial assets and liabilities measured at amortised cost

a) The carrying amounts of Invetsments, trade payables, cash and cash equivalents, bank balances other
than cash and cash equivalents, borrowings and other financial liabilities are considered to be the same as
their fair values, due to their short term nature.

NOTE 28: Financial risk management

The Company''s activities expose it to market risk, liquidity risk and credit risk. This note explains the sources of
risk which the entity is exposed to and how the entity manages the risk and the impact of hedge accounting in
the financial statements.

The company has a robust risk management framework comprising risk governance structure and defends risk
management processes. The risk governance structure of the company is a formal organization structure with
defined roles and responsibilities for risk management.

The Company risk management is carried under the guidance from the board of directors. Company''s identifies,
evaluates and hedges financial risks in close coordination with the company''s operating units. The board
provides written principles for overall risk management, as well as policies covering specific areas, such as
foreign exchange risk, interest rate risk, and credit risk, use of derivative financial instruments and non-derivative
financial instruments, and investment of excess liquidity. There is no change in objectives and process for
managing the risk. Methods used to measure the risk as compared to previous year and the expenses are
limited to few areas.

1) Credit Risk:

Credit risk is the risk that the counterparty will not meet its obligation under a financial instrument or customer
contract, leading to financial loss. The Credit risk mainly arises due to receivables from customers, cash
and cash equivalents, loans and deposits with banks, financial institutions & others.

a) Cash and cash equivalents.

b) The cash and cash equivalents are held with public sector bank.

Other Bank Balances:

c) Other bank balances are held with public sector bank.

d) Other financial assets:

Other financial assets include security deposits and refund receivable from Tax authorities neither
pastdue nor impaired.

2) Liquidity Risk :

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become
due. Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and
the availability of funding through an adequate amount of committed credit facilities to meet obligations
when due and to close out market positions, due to the dynamic nature of the underlying businesses.

Company treasury maintains flexibility in funding by maintaining availability under committed credit lines.
Management monitors rolling forecasts of the Company''s liquidity position (comprising the undrawn
borrowing facilities below) and cash and cash equivalents on the basis of expected cash flows.

(i) Financing arrangements

The Company had access to the borrowing facilities against on fixed deposits at the end of the reporting
period.

3) Market Risk :

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because
of changes in market prices. Market risk comprises three types of risks namely interest rate risk, currency
risk and other price risk, such as commodity risk. Currently The Company is not exposed to interest rate risk
and currency risk whereas the exposure to other price risk is given below:

A) Market Risk- Price risk.

Equity price Risk is related to change in market reference price of investments in equity securities held
by the Company.

The fair value of quoted investments held by the Company exposes the Company to equity price risks
in general, these investments are not held for trading purpose.

The fair value of the quoted investments in the equity classified as fair value through other comprehensive
income as at March 31, 2025 was '' 68,88,697.55/- (March 31, 2024 '' NIL)

A 10% change in the equity prices of such securities held as at March 31, 2025 and March 31, 2024
would result in an impact of '' 6,88,869.75/- and NIL respectively on equity before considering tax
impact

NOTE 29: Capital management

(a) Risk Management

The company''s objectives when managing capital are to safeguard the company''s ability to continue
as a going concern in order to provide returns for shareholders and benefits for other stakeholders and
to maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the
capital structure, the company may adjust the amount of dividends paid to shareholders, return capital to
shareholders, issue new shares or sell assets to reduce debt.

The Company monitors capital and during the period covered in this financial statements there are no debts
(net) and therefore the gearing ratio is not applicable.

(b) No Dividend paid during the period.

NOTE 30 :

The disclosure requirements about any transactions 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 surveyor any other relevant provision of Income Tax Act 1961 ) is not applicable to the company.

NOTE 31 :

The company has not traded or invested in crypto currency or virtual currency during the financial year.

NOTE 32 :

There are no proceedings which are initiated or pending against the Company for holding any Benami property
under the Benami transactions ( Prohibition ) Act 1988 & rules made thereunder.

NOTE 33 :

The Company does not have any transactions with companies struck off under section 248 of the Companies
Act, 2013 or section 560 of the Companies Act, 1956.

NOTE 34 :

The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any
other source or kind of funds) to any other person or entities including foreign entities (intermediaries) with an
understanding that the intermediary shall directly or indirectly lend, invest in other persons or entities on behalf
of the company or provide any guarantee security to any person or entities on behalf of company.

NOTE 35 :

The Company has not received any fund from any person or entities including foreign entities(funding parties)
with an understanding that the company shall directly or indirectly lend or invest in other persons or entities by
or on behalf of the funding party or provide any guarantee security to or on behalf of the funding party.

NOTE 36 :

The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the
statutory period.

NOTE 37 :

The Company is not declared as willful defaulter by any bank or financial institution (as defined under the
Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on willful defaulters
issued by the Reserve Bank of India.

NOTE: 39 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with
the current year''s classification /disclosure.

In witness & confirmation of facts As per our Report attached

For & on behalf of Board of Directors For JMT & Associates

For Fundviser Capital (India) Limited Chartered Accountants

FRN : 104167W
UDIN :

Prem Krishan Jain Mrs.Kriti Jain Triloki Nath Bansal Amar Bafna

Chairman & Whole Time Director WholeTime Director Director Partner

DIN:09304822 DIN:02085580 DIN: 02223335 Membership No. 048639

Mohit Jain Raujesh Khandelwal

CFO Company Secretary

& Compliance Officer
Place : Mumbai Membership No.

Date : 27/05/2025 ACS: A49419

---

Mar 31, 2024

2.12Provisions and Contingencies a Provision

A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates.

b Contingent liabilities

Contingent liabilities are disclosed when there is a possible obligation arising from the past events, the existence of which will be confirmed only on 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.

2.13Borrowing Cost

Borrowing cost incurred in relation to the acquisition, construction of assets are capitalized as the part of cost of such assets up to date which such assets are ready for intended use. Other borrowing costs are charged as an expense to the Profit and loss.

2.14Cash and Cash Equivalents

In the Cash flow statement, cash and cash equivalents include cash on hand, demand deposits with bank, other short term highly liquid investments with original maturity of three months or less.

2.15Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by weighted average number of equity shares outstanding during the period. The Weighted average number of equity shares outstanding during the period and for all periods presented is adjusted for the events, such as bonus shares, other than conversion of potential equity share that have changed the number of equity shares outstanding, without a corresponding change in resources.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity share holders and the weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

2.16Financial Instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

2.16 A Financial Assets

i) Classification

The Company classifies its financial assets in the following measurement categories:

a) at fair value either through other comprehensive income (FVOCI) or through profit and loss (FVTPL); and

b) at amortised cost.

The classification depends on the entity''s business model for managing the financial assets and the contractual terms of the cash flows.

Gains and losses will either be recorded in the statement of profit and loss or other comprehensive income for assets measured at fair value.

For investments in equity instruments, this will depend on whether the Company has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value or through other comprehensive income or profit and loss.

ii) Measurement

At initial recognition, in case of a financial asset not at fair value through the statement of profit and loss account, the Company measures a financial asset at its fair value plus transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through the statement of profit and loss are expensed in profit or loss.

a Equity instruments

The Company measures all equity investments at fair value. The Company''s management has opted to present fair value gains and losses on equity investments through Other Comprehensive Income. Dividends from such investments are recognised in the statement of profit and loss as other income when the Company''s right to receive payments is established. Changes in the fair value of financial assets at fair value through Other Comprehensive Income are recognised in other comprehensive income section in the statement of profit and loss.

iii) Impairment of financial assets

The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised cost and FVOCI debt instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk.

For trade receivables only, the company applies the simplified approach permitted by Ind AS 109 Financial Instruments, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

iv) Derecognition of financial assets

A financial asset is derecognised only when

a) The Company has transferred the rights to receive cash flows from the financial asset. Or

b) Retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows to one or more recipients.

Where the company has transferred an asset, it evaluates whether it has transferred substantially all risks and rewards of ownership of the financial asset. In such cases, the financial asset is derecognised. Where the entity has not transferred substantially all risks and rewards of ownership of the financial asset, the financial asset is not derecognized.

Where the company has neither transferred a financial asset nor retains substantially all risks and rewards of ownership of the financial asset, the financial asset is derecognised if the Company has not retained control of the financial asset. Where the Company retains control of the financial asset, the asset is continued to be recognised to the extent of continuing involvement in the financial asset.

v) Income Recognition a Interest income

Interest income from debt instruments is recognised using the effective interest rate method. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the gross carrying amount of a financial asset. When calculating the effective interest rate, the company estimates the expected cash flows by considering all the contractual terms of the financial instrument (for example, prepayment, extension, call and similar options) but does not consider the expected credit losses

b Dividend income

Dividends are recognised in the statement of profit and loss only when the right to receive payment is established, it is probable that the economic benefits associated with the dividend will flow to the Company, and the amount of the dividend can be measured reliably

vi) Cash and cash equivalents

Cash and cash equivalents include cash on hand, deposits held at call with financial institutions, other short- term, highly liquid investments with original maturities of three months or less, that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

2.16 B Financial Liabilities

i) Measurement

Financial liabilities are initially recognised at fair value, reduced by transaction costs (in case of financial liabilities not recorded at fair value through profit and loss), that are directly attributable to the issue of financial liability. All financial liabilities are subsequently measured at amortised cost using effective interest method. Under the effective interest method, future cash outflow are exactly discounted to the initial recognition value using the effective interest rate, over the expected life of the financial liability, or, where appropriate, a shorter period. At the time of initial recognition, there is no financial liability irrevocably designated as measured at fair value through profit and loss

ii) Derecognition

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the de-recognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognised in the statement of profit and loss

iii) Trade and other payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid as per payment terms

Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or the counterparty.

2.17 A Critical estimates and judgments

In the application of the company''s accounting policies, which are described in note 2(1) (d), the management is required to make judgment, estimates, and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other process. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future period if the revision affects both current and future period.

The following are the critical estimates and judgments that have the significant effect on the amounts recognised in the financial statements.

i) Estimation of current tax expense and deferred tax

The calculation of the company''s tax charge necessarily involves a degree of estimation and judgment in respect of certain items whose tax treatment cannot be finally determined until resolution has been reached with the relevant tax authority or, as appropriate, through a formal legal process. Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the current and deferred income tax in the period in which such determination is made.

Recognition of deferred tax assets / liabilities

The recognition of deferred tax assets is based upon whether it is probable that sufficient and suitable taxable profits will be available in the future against which the reversal of temporary differences can be deducted. To determine the future taxable profits, reference is made to the approved budgets of the company. Where the temporary differences are related to losses, local tax law is considered to determine the availability of the losses to offset against the future taxable profits as well as whether there is convincing evidence that sufficient taxable profit will be available against which the unused tax losses or unused tax credits can be utilised by the company. Significant items on which the Company has exercised accounting judgment include recognition of deferred tax assets in respect of losses. The amounts recognised in the financial statements in respect of each matter are derived from the Company''s best estimation and judgment as described above.

ii) Estimation of Provisions and Contingent Liabilities

The company exercises judgment in measuring and recognising provisions and the exposures to contingent liabilities, which is related to pending litigation or other outstanding claims. Judgment is necessary in assessing the likelihood that a pending claim will succeed, or a liability will arise, and to quantify the possible range of the financial settlement.

Because of the inherent uncertainty in this evaluation process, actual liability may be different from the originally estimated as provision. Although there can be no assurance of the final outcome of the legal proceedings in which the company is involved, it is not expected that such contingencies will have a material effect on its financial position or profitability.

iii) Estimation of useful life of Property, Plant and Equipment, Intangible assets, Investment properties

Property, Plant and Equipment, Intangible assets, Investment properties represent a significant proportion of the asset base of the company. The charge in respect of periodic depreciation is derived after determining an estimate of an asset''s expected useful life and the expected residual value at the end of its life. The useful lives and residual values of company''s assets are determined by management at the time the asset is acquired and reviewed periodically, including at each financial year end. The useful lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technology.

iv) Estimated fair value of Financial Instruments

The fair value of financial instruments that are not traded in an active market is determined using valuation techniques. The Management uses its judgment to select a variety of methods and make assumptions that are mainly based on market conditions existing at the end of each reporting period.

v) Impairment of Trade Receivable

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

i) Fair value hierarchy

This section explains the judgments and estimates made in determining the fair values of the financial instruments that are (a) recognized and measured at fair value and (b) measured at amortized cost and for which fair values are disclosed in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the Company has classified its financial instruments into the three levels prescribed under the accounting standard. An explanation of each level follows underneath the table.

1) Credit Risk:

Credit risk is the risk that the counterparty will not meet its obligation under a financial instrument or customer contract, leading to financial loss. The Credit risk mainly arises receivables from customers, cash and cash equivalents, loans and deposits with banks, financial institutions & others.

a) Cash and cash equivalents.

b) The cash and cash equivalents are held with public sector bank.

Other Bank Balances:

c) Other bank balances are held with public sector bank.

d) Other financial assets:

Other financial assets include security deposits and refund receivable from Tax authorities neither past due nor impaired.

2) Liquidity Risk :

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due and to close out market positions, due to the dynamic nature of the underlying businesses.

Company treasury maintains flexibility in funding by maintaining availability under committed credit lines. Management monitors rolling forecasts of the Company''s liquidity position (comprising the undrawn borrowing facilities below) and cash and cash equivalents on the basis of expected cash flows.

3) Market Risk :

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risks namely interest rate risk, currency risk and other price risk, such as commodity risk. Currently the Company is not exposed to interest rate risk and currency risk whereas the exposure to other price risk is given below:

A) Market Risk- Price risk.

(a) Exposure

The company is mainly exposed to the price risk due to its investment in equity instruments held by the company and classified in the balance sheet as fair value through profit or loss.

NOTE 27: Capital management

(a) Risk Management

The company''s objectives when managing capital are to safeguard the company''s ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the company may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt.

The Company monitors capital and during the period covered in this financial statements there are no debts (net) and therefore the gearing ratio is not applicable.

(b) No Dividend paid during the period.

Additional Regulatory information.

NOTE 28 :

The disclosure requirements about any transactions 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 surveyor any other relevant provision of Income Tax Act 1961) is not applicable to the company.

NOTE 29 :

The company has not traded or invested in crypto currency or virtual currency during the financial year.

NOTE 30 :

There are no proceedings which are initiated or pending against the Company for holding any Benami property under the Benami transactions (Prohibition) Act 1988 & rules made thereunder.

NOTE 31 :

The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.

NOTE 32 :

The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other source or kind of funds) to any other person or entities including foreign entities (intermediaries) with an understanding that the intermediary shall directly or indirectly lend, invest in other persons or entities on behalf of the company or provide any guarantee security to any person or entities on behalf of company.

NOTE 33 :

The Company has not received any fund from any person or entities including foreign entities(funding parties) with an understanding that the company shall directly or indirectly lend or invest in other persons or entities by or on behalf of the funding party or provide any guarantee security to or on behalf of the funding party.

NOTE 34 :

The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

NOTE 35 :

The Company is not declared as willful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on willful defaulters issued by the Reserve Bank of India.

NOTE: 37 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification /disclosure.

In witness & confirmation of facts As per our Report attached

For & on behalf of Board of Directors For JMT & Associates

For Fundviser Capital (India) Limited Chartered Accountants

FRN : 104167W

Prem Krishan Jain Mrs.Kriti Jain Amar Bafna

Whole Time Director Director Partner

DIN:09304822 DIN:02085580 Membership No. 048639

Mohit Jain Dipen Vijaykumar Shah

CFO Company Secretary

Place : Mumbai Membership No.A43449

Date : 28/05/2024

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Mar 31, 2014

1 CORPORATE INFORMATION

Bagadia Colourchem Limited is a Public Limited Company listed on BSE Limited (formally known as the Bombay Stock Exchange Limited).

It is in the field of manufacturing of dye intermediates, having its manufacturing facilities at MIDC, Mahad.

2 The reconciliation of the number of Shares outstanding is set out below:

3 The Company has only one class of Shares referred to as Equity Shares having a par value of 101- each. Each holder of Equity Shares is entitled to one vote per share.

4 In case any dividend is declared and paid it is done in Indian rupees. The dividend proposed, if any, by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

5 The Company has not declared or paid any dividend during the year or in respect of the year ended on 31s1 March, 2014

6 In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of Equity Shares held by the shareholders.

7 The Company is neither a Holding Company nor a Subsidiary Company of any other Company.

8 The disclosures as required under the Accounting Standard 15 are as under:

a) Defined Benefit Plan

The Company has obligations towards the following under Defined Benefit Plans:

1 Gratuity:

Gratuity has been provided for on the basis of "full value of company''s liability on the year end day".

2 Leave Salary / Wages :

No leave is accumulated beyond one year. Provision is made for leave accumulated at the end of every year and is paid generally in the next year.

3 Bonus :

Provision for bonus is made for every year and is paid generally in the next year.

4 Medical Allowance :

A pre determined allowance for Medical Expenses is paid / provided on a monthly basis.

c) Defined Contribution Plan

The company incures no expenditure under any defined contribution plan.

29 As required by Accounting Standards - 18 "Related Party Disclosure" is made as under;

A. Names of Related Parties and Description of Relationship with whom there were no transactions during the year. Associates & Joint Ventures :

a) Sandeep Electronics Private Limited;

b) City Cloth Stores

B. Names of Related Parties and Description of Relationship with whom there were transaction during the year. : Directors & Relatives

a) Mr Natwarlal R. Bagadia, Chairman & Managing Director;

b) Mr Vilas Jagtap, Director;

c) Mr Dattatraya M. Mehta, Director;

d) Mrs Sangeeta Sushil Bagadia, Director,

e) Mr Shashikant Kakade, Director;

f) Mr Sushil N. Bagadia, Chief Executive Officer;

9 Details of leasing arrangements

As Lessee

The Company has entered into operating lease arrangements for factory premises, office premises and vehicles. The leases are for a period of 11 months to 95 years and may be renewed for a further period based on mutual agreement of the parties.

Premium paid on leasehold land is amortised equally over the period of lease.

Regarding other items Future minimum lease payments not later than one year 942,000/- per year later than one year and not later than five years 942,000/- per year later than five years 942,000/- per year

10 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2013

1 CORPORATE INFORMATION

Bagadia Colourchem Limited is a Public Limited Company listed on BSE Limited (formarly known as the Bombay Stock Exchange Limited). It is in the field of manufacturing of dye intermediates, having its manufacturing facilities at MIDC, Mahad.

2 The Company has only one class of shares referred to as Equity Shares having a par value of Rs.10/- each. Each holder of Equity Shares is entitled to one vote per share.

3 In case any dividend is declared and paid it is done in Indian rupees. The dividend proposed, if any, by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

4 The Company has not declared or paid any dividend during the year or in respect of the year ended on 31st March, 2013.

5 In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of Equity Shares held by the Shareholders.

6 The Company is neither a Holding Company nor a Subsidiary Company of any other Company.

7 Contingent Liability for counter guarantee given for obtaining Bank Guarantee Rs. 12,500/- (Previous Year Rs. 12,500/-)

8 The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosures relating to amounts unpaid as at the year end date, together with interest paid / payable under this Act, have not been given. The same has been relied upon by the Auditors.

9 The disclosures as required under the Accounting Standard 15 are as under :

a) Defined Benefit Plan

The Company has obligations towards the following under Defined Benefit Plans:

1 Gratuity :

Gratuity has been provided for on the basis of "full value of company''s liability on the year end day".

2 Leave Salary / Wages :

No leave is accumulated beyond one year. Provision is made for leave accumulated at the end of every year and is paid generally in the next year.

3 Bonus :

Provision for bonus is made for every year and is paid generally in the next year.

4 Medical Allowance :

A pre determined allowance for Medical Expenses is paid / provided on a monthly basis.

b) The amounts recognised in the Balance Sheet (alongwith the movement therein) and the Income Statement for each of the above are as follows :

(Figures in the bracket are relating to the previous year.)

All these Liabilities and more particularly that for Gratuity is financed by Companies current and non-current assets / investments.

c) Defined Contribution Plan

The Company insures no expenditure under any defined contribution plan.

10.1 Information about Secondary Business Segments :

Not applicable since no secondary segment is identified as the Company operates in a single business segment of manufacturing of dye intermediates.

11 As required by Accounting Standards – 18 "Related Party Disclosure" is made as under;

A. Names of Related Parties and Description of Relationship with whom there were no transactions during the year. Associates & Joint Ventures :

a) Sandeep Electronics Private Limited;

b) City Cloth Stores

B. Names of Related Parties and Description of Relationship with whom there were transaction during the year. : Directors & Relatives

a) Mr. Natwrlal R. Bagadia, Chairman & Managing Director;

b) Mr. Sushil N. Bagadia, Joint Managing Director;

c) Mr. Vilas Jagtap, Director;

d) Mr. Dattatraya M. Mehta, Director;

e) Mrs. Sangeeta Sushil Bagadia, Director;

f) Mr. Shashikant Kakade, Director.

12 Details of leasing arrangements

As Lessee

The Company has entered into operating lease arrangements for factory premises, office premises and vehicles.

The leases are for a period of 11 months to 95 years and may be renewed for a further period based on mutual agreement of the parties.

Premium paid on leasehold land is amortised equally over the period of lease.

Regarding other items

Future minimum lease payments not later than one year 942,000.00 per year later than one year and not later than five years 942,000.00 per year later than five years 942,000.00 per year 33 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2012

1 CORPORATE INFORMATION

Bagadia Colourchem Limited is a Public Limited Company listed on BSE Ltd. [Formerly known as the Bombay Stock Exchange Ltd.]. It is in the field of manufacturing of dye intermediates' having its manufacturing facilities at MIDC' Mahad.

2 The Company has only one class of shares referred to as Equity Shares having a par value of Rs.107- each. Each holder of Equity Shares is entitled to one vote per share.

3 In case any dividend is declared and paid it is done in Indian rupees. The dividend proposed' if any' by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

4 The Company has not declared or paid any dividend during the year or in respect of the year ended on 31s' March' 2012.

5 In the event of liquidation of the Company' the holders of Equity Shares will be entitled to receive any of the remaining assets of the Company' after distribution of all preferential amounts. However' no such preferential amounts exist currently. The distribution will be in proportion to the number of Equity Shares held by the shareholders.

6 The Company is neither a Holding Company nor a Subsidiary Company of any other Company.

7 Contingent Liability tor counter guarantee given for obtaining Bank Guarantee Rs. 12'500/- (Previous Year Rs. 25'000/-)

8 The Company has not received information from vendors regarding their status under the Micro' Small and Medium Enterprises Development Act' 2006 and hence disclosures relating to amounts unpaid as at the year end date' together with interest paid / payable under this Act' have not been given. The same has been relied upon by the Auditors.

9 The disclosures as required under the Accounting Standard 15 are as under :

a) Defined Benefit Plan

The Company has obligations towards the following under Defined Benefit Plans:

1 Gratuity:

Gratuity has been provided for on the basis of "full value of company's liability on the year end day".

2 Leave Salary / Wages :

No leave is accumulated beyond one year. Provision is made for leave accumulated at the end of every year and is paid generally in the next year.

3 Bonus :

Provision for bonus is made for every year and is paid generally in the next year.

4 Medical Allowance :

A pre determined allowance for Medical Expenses is paid / provided on a monthly basis.

9.1 Information about Secondary Business Segments :

Not applicable since no secondary segment is identified as the company operates in a single business segment of manufacturing of dye intermediates.

30 As required by accounting Standards - 18 "Related Party Disclosure" is made as under;

A. Names of Related Parties and Description of Relationship with whom there were no transactions during the year. Associates & Joint Ventures :

a) Sandeep Electronics Private Limited;

b) City Cloth Stores

B. Names of Related Parties and Description of Relationship with whom there were transaction during the year. : Directors & Relatives

a) Mr Natwrlal R. Bagadia' Chairman & Managing Director;

b) Mr Sushil N. Bagadia' Joint Managing Director;

c) Mr R. R. Gune' Director;

d) Mr Vilas Jagtap' Director;

e) Mr Dattatraya M. Mehta' Director;

f) Mrs Sangeeta Sushil Bagadia' Director;

g) Mr Shashikant Kakade' Director.

10 Details of leasing arrangements

As Lessee

The Company has entered into operating lease arrangements for factory premises' office premises and vehicles. .

The leases are for a period of 11 months to 95 years and may be renewed for a further period based on mutual -^ agreement of the parties.

11 The Revised Schedule VI has become effective from 1st April' 2011 for the preparation of financial statements. This

has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

---

Mar 31, 2011

1. Previous year figures are regrouped wherever necessary.

2. Contingent Liability for counter guarantee given for obtaining bank guarantee of Rs. 25,000/- (Previous Year Rs. Nil)

3. The quantities of Raw Materials and Finished Goods including valuation thereof, are as certified by the management.

4. Miscellaneous Expenses include Sitting Fees to Directors of Rs 4,750/- (Previous Year Rs 5,000/-)

5. The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence diclosures relating to amounts unpaid as at the year end date, together with interest paid / payable under this Act, have not been given. The same has been relied upon by the Auditors.

6. As required by accounting Standards – 18 “Related Party Disclosure” is made as under;

A. Names of Related Parties and Description of Relationship with whom there were no transactions during the year. Associates & Joint Ventures :

a) Sandeep Electronics Private Limited;

b) City Cloth Stores.

B. Names of Related Parties and Description of Relationship with whom there were transaction during the year. : Directors & Relatives

a) Mr. Natwarlal R. Bagadia, Chairman & Managing Director;

b) Mr. Sushil N. Bagadia, Joint Managing Director;

c) Mr. R. R. Gune, Director;

d) Mr. Vilas Jagtap, Director;

e) Mr. Dattatraya M. Mehta, Director;

f) Mrs. Sangeeta Sushil Bagadia, Director

g) Mr. Shashikant Kakade, Director;

7. Segment Information

7.1. Information about Secondary Business Segments :

Not applicable since no secondary segment is identified as the Company operates in a single business segment of manufacturing of dye intermediates.

8 The disclosures as required under the Accounting Standard 15 are as under:

a) Defined Benefit Plan

The Company has obligations towards the following under Defined Benefit Plans:

1 Gratuity :

Gratuity has been provided for on the basis of "full value of company's liability on the year end day".

2 Leave Salary / Wages :

No leave is accumulated beyond one year. Provision is made for leave accumulated at the end of every year and is paid generally in the next year.

3 Bonus :

Provision for bonus is made for every year and is paid generally in the next year.

4 Medical Allowance :

A pre determined allowance for Medical Expenses is paid / provided on a monthly basis.

---

Mar 31, 2010

1. Previous year figures are regrouped wherever necessary.

2. Contingent Liabilities : Nil

3. The quantities of Raw Materials and Finished Goods including valuation thereof, are as certified by the management.

4. Miscellaneous Expenses include Sitting Fee? to Drprtors of Rs 5,000/- (Previous Year Rs 5,500/-)

5. The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence diclosures relating to amounts unpaid as at the year end date, together with interest paid / payable under this Act, have not been given. The same has been relied upon by the Auditors.

6. As required by accounting Standards - 18 "Related Party Disclosure" is made as under;

A. Names of Related Parties and Description of Relationship with whom there were no transactions during the year. Associates & Joint Ventures :

a) Sandeep Electronics Private Limited;

b) City Cloth Stores.

B. Names of Related Parties and Description of Relationship with whom there were transaction during the year. : Directors & Relatives

a) Mr. Natwarlal R. Bagadia, Chairman & Managing Director;

b) Mr. Sushil N. Bagadia, Joint Managing Director;

c) Mr. R. R. Gune, Director;

d) Mr. Vilas Jagtap, Director;

e) Mr. Dattatraya M. Mehta, Director;

f) Mrs. Sangeeta Sushil Bagadia, Director

g) Mr. Prakash Bidkar, Director;

h) Mr. Shashikant Kakade, Director;

7. Segment Information

7.1. Information about Secondary Business Segments :

Not applicable since no secondary segment is identified as the Company operates in a single business segment of manufacturing of dye intermediates.

8 The disclosures as required under the Accounting Standard 15 are as under:

a) Defined Benefit Plan

The Company has obligations towards the following under Defined Benefit Plans:

1 Gratuity :

Gratuity has been provided for on the basis of "full value of companys liability on the year end day".

2 Leave Salary / Wages :

No leave is accumulated beyond one year; Provision is made for leave accumulated at the end of every year and is paid generally in the next year.

3 Bonus :

Provision for bonus is made for every year and is paid generally in the next year.

4 Medical Allowance :

A pre determined allowance for Medical Expenses is paid / provided on a monthly basis.