Notes to Accounts of GB Logistics Commerce Ltd.

Mar 31, 2025

In the last year, the Company has made a right issue of 2,747 fully paid-up equity shares of face value of f 10/- each at issue price of f 1,820 per share

^(a) on October 11, 2023. The Board has approved the same in Board meeting held on October 11, 2023.

In the last year, the Company has made a bonus issue of 47,66,663 fully paid-up equity shares of face value of f 10/- each on December 15, 2023. The

(b)

Board has approved the same in Board meeting held on 15 December 2023.

In the last year, the Company has also made preferential allotment of 10,060 fully paid-up equity shares of face value of f 10/- each at issue price of f 1,820 per share on October 31, 2023. The Board has approved the same in Board meeting held on October 31, 2023. Further the Company has also made another preferential allotment of 9,47,378 fully paid-up equity shares of face value of f 10/- each at issue price of f 95 per share on December 28, 2023. The Board has approved the same in Board meeting held on 28 December 2023

During the year ended March 31, 2025, the Company has issued through Initial Public offer 24,57,600 fully paid-up equity shares of face value of f 10/-each at issue price of f 102 per share at a premium of f 92/- per share on January 31, 2025 (Refer note 40).

(iii) . Terms/rights attached to equity shares

Voting

Each shareholder is entitled to one vote per share held.

Dividends

The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to approval of the shareholders in ensuing Annual General Meeting except in the case where interim dividend is distributed. The Company has not distributed any dividend in the current and previous year.

Liquidation

In the event of liquidation of the Company, the shareholders shall be entitled to receive all of the remaining assets of the Company after distribution of all preferential amounts, if any. Such distribution amounts will be in proportion to the number of equity shares held by the shareholders.

(iv) . The Company does not have any holding Company.

Note 34 - Leases As lessee

The Company has taken premises for operational purpose under operating lease. All lease agreements entered by the company are cancellable and do not have any undue restrictive or onerous clauses. The lease rental expense recognised in the Statement of Profit and Loss amounting 23.23 & 17.81 lakhs for the year ending March 31, 2025, year ending March 2024 respectively.

(i) The Company has not transferred the unspent Corporate Social Responsibility (CSR) amount to a Fund specified in Schedule VII to the Act, till the date of approval of financials. However, the time period for such transfer i.e. six months of the expiry of the financial year as permitted under the second proviso to section 135(5) of the said Act, has not elapsed till the date of approval of financials.

Note 43 - Segmental Reporting

In accordance with the Para 4 of Scope of Accounting Standard 17 "Segment Reporting", segment information is not needed to be disclosed in standalone financial statements where consolidated financial statements are presented alongside. Accordingly, the segment information is presented in the consolidated financial statements and no segment information is provided in these standalone financial statements.

Note 44 - Other statutory information

(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 does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory year.

(iv) . The Company has not traded or invested in cryptocurrency or virtual currency during the financial year.

(v) . The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the

understanding that the Intermediary shall:

a. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries), or

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

(vi) . The Company does not receive any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in

writing or otherwise) that the Company shall:

a. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries), or

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

(vii) . The Company does not have 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 declared as wilful defaulter by any bank or financial Institution or other lender.

(ix) . The Company does not have any immovable property whose title deeds are not held in the name of the Company.

Note 45

The company have not entered into any scheme of arranagements during the year.

Note 46

The Board of Directors has not proposed any dividend during the year.

Note 47

These financial statements were approved for issue by the Board of Directors on May 30, 2025.

Note 48

The Company has used accounting softwares for maintaining its books of account for the financial year ended March 31, 2025 which has a feature of recording audit trail (edit log) facility and the same has operated throught out the year for all relevant transactions recorded in the softwares.

Note 49

The Company has reclassified/regrouped previous year figures where necessary to conform to the current year''s classification.