Notes to Accounts of Kati Patang Lifestyle Ltd.

Mar 31, 2025

* Steps have been taken to identify the suppliers who qualify under the definition of micro and small enterprises, as defined under the Micro, Small and Medium Enterprises Development Act 2006. Since no intimation has been received from the suppliers regarding their status under the said Act as at 31st March 2025, disclosures relating to amounts unpaid as at the year end, if any, have furnished to the extent of available information. In the opinion of the management, the impact of interest, if any,that may be payable in accordance with the provisions of the Act, is not expected to be material.

Terms/ rights attached to equity shares

The company has only one class of equity shares having par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends only in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

36 Employee benefit obligations_

(A) Defined benefit plans_

Gratuity:

Provision for gratuity is determined by actuaries using the projected unit credit method.

The Compay has a defined benefit gratuity plan. Every employee who has completed five years or more of service gets a gratuity on departure at 15 days salary (last drawn salary) for each completed year of service. The company makes provision of such gratuity asset/liability in the books of accounts on basis of actuarial valuation for FY 2024-2025

The following tables summarise the components of net benefit expense recognised in the statement of profit and loss and the funded status and amounts recognised in the balance sheet for the respective plans:

(viii) Sensitivity Analysis

Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate and expected salary increase rate. Effect of change in mortality rate is negligible. Please note that the sensitivity analysis presented below may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumption would occur in isolation of one another as some of the assumptions may be correlated. The results of sensitivity analysis are

37 Segment information__

The Company''s operations predominately relate to empower business and learning communities with rich "knowledge-on demand". The Company was engaged in pioneering Broadband, Virtual event & proving mobile roaming services & solutions during the current and previous financial year.

40 Earnings per share (EPS)______

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity shareholders of the company by the weighted average number of equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit for the year attributable to the equity shareholders of the company by the weighted average number of equity shares outstanding during the year plus the weighted average number of equity shares that would be issued on conversion of all the dilutive potential equity shares into equity shares.

43 Contingent liabilities

There is contingent liabilities of INR 5.08 lakh as on date of Balance sheet.___

44 Reconciliation and confirmations____._

Balances of creditors and loans and advances to/from parties, security deposits are subject to reconciliations and confirmations._

45 Provision for tax_________

In view of the carried forward losses, no provision for current tax have been made during the year. Provision for Deferred tax has also not been recognized in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available sufficient future profits against which such deferred tax asset can be adjusted.

46 Intangible assets under development___

The company had been developing CRM software called Live Webcast Suite to support its telecom services and website operations. As the development process remained ongoing, no costs were capitalized during the previous financial years. Consequently, management concluded that amortization was not applicable for those periods. However, due to a strategic shift in the business model following the acquisition of a liquor company, management is now evaluating the potential disposal of these assets in the coming years. Nevertheless, we maintain that the value reported under Capital Work in Progress (CWIP) is both recoverable and represents a fair estimate of market value.

48 Corporate Social Responsibilty_______

As per section 135 of the Companies Act, 2013, NIL amount is payable towards CSR expenses based on the loss for the period. Therefore, no Corporate Social Responsibility (CSR) committee has been constituted by the Company._

49 Other Disclosures____

The MCA vide notification dated 24th March 2021 has amended Schedule III to the Companies Act. 2013 in respect of certain disclosures which are applicable from 1st April 2021. The Company has incorporated the changes as per the said amendment in the financial statements and below disclosures are made in compliance of the said amendment:

i) The company has not received any Government Grants during the year

ii) As at year end, there was amount of Rs. 401 due to small scale industrial undertaking

iii) The Company has not traded or invested in Crypto Currency or Virtual Currency during the period.

iv) The Company do not have any Benami property, where any proceeding has been initiated or pending against the company for holding any Benami property.

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

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

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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

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

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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

viii) The Company does not have any loans and advances in the nature of loans to promoters, directors, KMP and other related parties.

ix) The Company does not have any transaction which is not recorded in the books of accounts that has been subsequently surrendered or disclosed as income during the year as part of the on going tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

x) The Company has not been declared as willful defaulter by any bank or financial institution or government or any government authority.

xi) The Company has comptied with the number of layers prescribed under the Companies Act, 2013. xjj) The Company do not have any title deeds of immovable properties not held in name of the company, xiii The Company does not have any investment property.

xiv) The Company is not required to submit statement of current assets with the bank and therefore reconciliation of the statement filed by the company with bank and the books of accounts is not applicable.

xv) The Company has not revalued any item of property, plant and equipment.

xvi) The Company does not have any borrowings from banks and financial institutions.

xvii) The Company have not entered into any scheme(s) of arrangements in terms of sections 230 to 237 of the Companies Act, 2013 during the financial

xviii) The Company has no borrowings from banks and financial institutions on the basis of security of current assets.

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

xx) Figures are rounded off to nearest Lakh rupee.

xxi) Previous year''s figures have been regrouped and reclassified wherever necessary.

xxii) The Company has made the djsclosyres at appropiates place regardig the relevant items or transactions of balance sheet and statement of profit and

loss. Any non-disclosure irfeto

(b) Fair value of financial assets and liabilities measured at amortised cost:

The carrying amounts of financial assts and liabilities carried at amortised cost are reasonable approximation of their fare value.

(c) Fair value hierarchy :

All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy, described as follows based on the lowest level Input that is significant to the fair value measurement as whole.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices, for example listed equity instruments, traded bonds and mutual funds that have quoted prices.

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

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Mar 31, 2024

o) Provisions, contingent liabilities and contingent assets

Provisions are recognized 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. When the Company expects some or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the statement of profit and loss, net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. The unwinding of discount is recognized in the statement of profit and loss as a finance cost.

Provisions are reviewed at the end of each reporting period and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources would be required to settle the obligation, the provision is reversed.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognised because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognised because it cannot be measured reliably. The Company does not recognize a contingent liability but discloses its

existence in the financial statements.

Contingent assets are not recognised but disclosed in the financial statements when an inflow of economic benefits is probable.

p) Financial instruments

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

Financial assets

Initial recognition and measurement

All financial assets are recognised initially at fair value plus, in the case of financial assets not recorded at fair value through profit or loss, transaction costs that are attributable to the acquisition of the financial asset.

Subsequent measurement

For purposes of subsequent measurement, financial assets are classified into four categories:

• Debt instruments at amortised cost

• Debt instruments at fair value through other comprehensive income (FVTOCI)

• Debt instruments, derivatives and equity instruments at fair value through profit or loss (FVTPL)

• Equity instruments measured at fair value through other comprehensive income (FVTOCI)

i. Debt instruments at amortised cost

A ''debt instrument'' is measured at the amortised cost, if both the following conditions are met:

a. The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and

b. Contractual terms of the asset that give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI) on the principal amount outstanding.

This category is most relevant to the Company. After initial measurement, such financial assets are subsequently measured at amortised cost using the effective interest rate (EIR) method. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included in finance income in the statement of profit and loss. The losses arising from impairment are recognised in the statement of profit and loss.

ii. Debt instruments at FVTOCI

A ''debt instrument'' is classified as at the FVTOCI if both of the following criteria are met:

a. The objective of the business model is achieved bothby collecting contractual cash flows and selling thefinancial assets, and

b. The asset''s contractual cash flows represent SPPI.

Debt instruments included within the FVTOCI categoryare measured initially as well as at each reporting dateat fair value. Fair value movements are recognized inthe other comprehensive income (OCI). However, theCompany recognizes interest income, impairment lossesand reversals and foreign exchange gain or loss in thestatement of profit and loss. On derecognition of the asset,cumulative gain or loss previously recognised in OCI isreclassified from the equity to statement of profit and loss.Interest earned whilst holding FVTOCI debt instrument isreported as interest income using the EIR method.

iii. Debt instruments at FVTPL

FVTPL is a residual category for debt instruments. Any debt instrument, which does not meet the criteria for categorization as at amortized cost or as FVTOCI, is classified as at FVTPL.

Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the statement of profit and loss.

iv. Equity investments

All equity investments in scope of Ind AS 109 are measured at fair value. Equity instruments which are held for trading and contingent consideration recognised by an acquirer in a business combination to which Ind AS103 applies are classified as at FVTPL. For all other equity instruments, the Company may make an irrevocable election to present in other comprehensive income subsequent changes in the fair value. The Company makes such election on an instrument-by-instrument basis. The classification is made on initial recognition and is irrevocable.

If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument, excluding dividends, are recognized in the OCI. There is no recycling of the amounts from OCI to statement of profit and loss, even on sale of investment. However, the Company may transfer the cumulative gain or loss within equity.

Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the statement of profit and loss.

Equity investment in subsidiaries and joint ventures arecarried at historical cost as per the accounting policychoice given by Ind AS 27.

Derecognition

A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognised (i.e. removed from the Company''sbalance sheet) when:

• The rights to receive cash flows from the asset have expired, or

• The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ''passthrough'' arrangementand either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

Impairment of financial assets

In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for measurement and recognition of impairment loss on the following financial assets:

• Financial assets that are debt instruments, and are measured at amortised cost e.g., loans, debt securities and deposits;

• Trade receivables or any contractual right to receive cash or another financial asset that result from transactions that are within the scope of Ind AS 18.

The Company follows ''simplified approach'' for recognition of impairment loss allowance on trade receivables. The application of simplified approach does not require the Company to track changes in credit risk. Rather, it recognises impairment loss allowance based on lifetime ECLs at each reporting date, right from its initial recognition.

For recognition of impairment loss on other financial assets and risk exposure, the Company determines whether there has been a significant increase in the credit risk since initial recognition. If credit risk has not increased significantly, twelve month ECL is used to provide for impairment loss. However, if credit risk

has increased significantly, lifetime ECL is used. If, in the subsequent period, credit quality of the instrument improves such that there is no longer a significant increase in credit risk since initial recognition, then the entity reverts to recognising impairment loss allowance based on a twelve month ECL.

Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a financial instrument. 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.

Financial liabilities

Initial recognition and measurement

All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The Company''s financial liabilities include trade and other payables and borrowings, etc.

Subsequent measurement

The measurement of financial liabilities depends on their classification, as described below:

i. Financial liabilities at FVTPL

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term.

ii. Loans and borrowings

This is the category most relevant to the Company. After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR method. Gains and losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process.

Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisationis included as finance costs in the statement of profit and loss.

Derecognition

A financial liability is derecognised when the obligation

under the liability is discharged or cancelled or expires.

Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities simultaneously.

q) Financial guarantee contracts

A financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms of a debt instrument.

Financial guarantee contracts issued by the Company are measured at their fair values and recognised as income in the statement of profit and loss.

Where guarantees in relation to loans or other payables of group companies are provided for no compensation, the fair value are accounted for as contributions and recognised as part of cost of investment.

r) Accounting for foreign currency transactions

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (''the functional currency''). The financial statements are presented in Indian Rupees (INR), which is the Company''s presentation currency and functional currency.

Transactions in currencies other than the functional currency are translated into the functional currency at the exchange rates that approximates the rate as at the date of the transaction. Monetary assets and liabilities denominated in other currencies are translated into the functional currency at exchange rates prevailing on the reporting date. Non-monetary assets and liabilities denominated in other currencies and measured at historical cost or fair value are translated at the exchange rates prevailing on the dates on which such values were determined.

All exchange differences are included in statement of profit and loss.

s) Cash and cash equivalents

Cash and cash equivalent in the balance sheet

comprise cash at banks and on hand and short-term deposits with an original maturity of three months or less, which are subject to an insignificant risk of changes in value. For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are considered an integral part of the Company''s cash management.

t) Dividends

The Company recognises a liability to make cash distributions to equity holders of the Company when the distribution is authorised and the distribution is no longer at the discretion of the Company. As per the corporate laws in India, a distribution is authorised when it is approved by the shareholders. A corresponding amount is recognised directly in equity.

u) Earnings per share Basic earnings per share

Basic earnings per share are calculated by dividing the profit attributable to the shareholders of the Company by the weighted average number of equity shares outstanding during the financial year.

Diluted earnings per share

Diluted earnings per share is calculated by dividing the profit attributable to the shareholders of the Company (after adjusting the corresponding income/ charge for dilutive potential equity shares, if any) by the weighted average number of equity shares outstanding during the financial year plus the weighted average number of additional equity shares that would have been issued on conversion of all the dilutive potential equity shares.

4. Significant accounting judgments, estimates and assumptions

The preparation of the Company''s financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, accompanying disclosures and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods.

Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material

adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below. The Company based its assumptions and estimates on parameters available when the financial statements were prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are beyond the control of the Company. Such changes are reflected in the assumptions when they occur.

Income taxes

The Company is subject to income tax laws as applicable in India. Significant judgment is required in determining provision for income taxes. There are many transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. The Company recognizes liabilities for anticipated tax issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the income tax and deferred tax provisions in the period in which such determination is made.

In assessing the reliability of deferred tax assets, management considers whether it is probable, that some portion, or all, of the deferred tax assets will not be realised. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which the temporary differences become deductible. Management considers the projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable incomes over the periods in which the deferred tax assets are deductible, management believes that it is probable that the Company will be able to realize the benefits of those deductible differences in future.

Useful lives of property, plant and equipment (''PPE'') and intangible assets

Management reviews the estimated useful lives and residual value of PPE and Intangibles at the end of

each reporting period. Factors such as changes in the expected level of usage, technological developments and product life-cycle, could significantly impact the economic useful lives and the residual values of these assets. Consequently, the future depreciation charge could be revised and may have an impact on the profit of the future years.

Employee benefit obligations

The cost of the defined benefit obligations are determined using actuarial valuations. An actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date.

The parameter most subject to change is the discount rate. In determining the appropriate discount rate for plans operated in India, the management considers the interest rates of government bonds in currencies consistent with the currencies of the post-employment benefit obligation.

The mortality rate is based on publicly available mortality tables for the specific countries. Those mortality tables tend to change only at interval in response to demographic changes. Future salary increases and gratuity increases are based on expected future inflation rates. Further details about gratuity obligations are given in Note No. 34.

Contingencies

Management judgment of contingencies is based on the internal assessments and opinion from the consultants for the possible outflow of resources, if any.

5. Recent accounting pronouncements

Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards have been incorporated in the financial statements, wherever applicable.

43. Contingent liabilities

There is contingent liabilities of INR 5.80 lakh as on date of Balance sheet.

44. Going Concern Basis

The company has accumulated losses of Rs. 2149.61 lakh as at 31st March, 2024 and its net worth as at that date is minus Rs.1119.85 lakh. Although these events or conditions may cast significant doubt on the Company''s ability to continue as going concern, however there are plans either for adding other line of business or renewal of existing operations. Accordingly the financial statements have been prepared on the basis of going concern assumption.

45 Reconciliation and confirmations

Balances of debtors and creditors and loans and advances to/from parties, security deposits are subject to reconciliations and confirmations.

46 Provision for tax

In view of the carried forward losses, no provision for current tax have been made during the year. Provision for Deferred tax has also not been recognized in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available sufficient future profits against which such deferred tax asset can be adjusted.

47 Intangible assets under development

The company is developing a CRM software called Live Webcast Suite for providing telecom services and a

Website. No amount has been capitalized during the year. The management is of the opinion that since the process is still going on & hence no amortization is required during this year.

48 Corporate Social Responsibilty

As per section 135 of the Companies Act, 2013, NIL amount is payable towards CSR expenses based on the loss for the period. Therefore, no Corporate Social Responsibility (CSR) committee has been constituted by the Company.

49 Other Disclosures

The MCA vide notification dated 24th March 2021 has amended Schedule III to the Companies Act. 2013 in respect of certain disclosures which are applicable from 1st April 2021. The Company has incorporated the changes as per the said amendment in the financial statements and below disclosures are made in compliance of the said amendment :

i) The company has not received any Government Grants during the year

ii) As at year end, there was amount of Rs. NIL due to any small scale industrial undertaking

iii) The Company has not traded or invested in Crypto Currency or Virtual Currency during the period.

iv) The Company do not have any Benami property, where any proceeding has been initiated or pending against the company for holding any Benami property.

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

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

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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

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

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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

viii) The Company does not have any loans and advances in the nature of loans to promoters, directors, KMP and other related parties.

ix) The Company does not have any transaction which is not recorded in the books of accounts that has been subsequently surrendered or disclosed as income during the year as part of the on going tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act,

1961).

x) The Company has not been declared as willful defaulter by any bank or financial institution or government or any government authority.

xi) The Company has complied with the number of layers prescribed under the Companies Act, 2013.

xii) The Company do not have any title deeds of immovable properties not held in name of the company. xiii The Company does not have any investment property.

xiv) The Company is not required to submit statement of current assets with the bank and therefore reconciliation of the statement filed by the company with bank and the books of accounts is not applicable.

xv) The Company has not revalued any item of property, plant and equipment.

xvi) The Company does not have any borrowings from banks and financial institutions.

xvii) The Company have not entered into any scheme(s) of arrangements in terms of sections 230 to 237 of the Companies Act, 2013 during the financial year.

xviii) The Company has no borrowings from banks and financial institutions on the basis of security of current assets

(b) Fair value of financial assets and liabilities measured at amortised cost :

The carrying amounts of financial assts and liabilities carried at amortised cost are reasonable approximation of their fare value.

(c) Fair value hierarchy :

All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy, described as follows based on the lowest level input that is significant to the fair value measurement as whole Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices, for example listed equity instruments, traded bonds and mutual funds that have quoted prices.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques that maximise the use of observable market data and rely as little as possible on entity specific estimates.

In terms of our report of even date attached.

For Rajesh Raj Gupta & Associates LLP For and on behalf of the Board of Directors Chartered Accountants VIRTUALSOFT SYSTEMS LIMITED

FRN: 026338N/N50035

CA. Manoj Kumar Rajendra V. Kulkarni Gokul N Tandan Mukta Ahuja

Partner Director Managing Director Company Secretary

Membership No.: 521409 DIN : 00988255 DIN : 00441563 M. No. : 49501

Place : New Delhi Athar Ahmad

Date : 30-05-2024 C.F.O.

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Mar 31, 2015

1. Terms/Rights attached to equity shares:

The Company has only one class of equity shares having par value of Rupee 10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividend in Indian rupees. The dividend (if proposed) by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual general Meeting.

2. Additional information:

(1) Secured loan represent vehicle loans from bank/finance companies which are secured by hypothecation of vehicles of the Company.

(2) UnSecured loan from directors and related parties do not carry any interest, also the maturity is dependent on the funds avaliable with the company.

(3) Loans from Directors includes amount of Rs. 12,56,61,122/-due to Mr. Gokul Tandon, out of this total an amount of Rs. 8,00,00,000 would be converted into Equity Shares on preferential basis.

(4) Details on analysis of borrowings i.e. Maturity profile, Interest rate and Currency of borrowings.

(a) The company in FY 2013-14 has transferred its International SIM card division on going concern basis to Roaml Telecom Ltd. by way of slump sale, pursuant to the above Roam1 Telecom has issued 1,20,00,000 equity shares of Rs. 10/- each fully paid-up at Rs. 56/- premium

3. Exceptional Items

[ Item No. 4(c) ]

Pursuant to the enactment of Companies Act 2013(The Act), the Company has effective revised the useful livesof its fixed assets, in accordance with the provisions of part II of the Act.In case of those assets whose useful life is expired but depreciation charged is less than 95% of the original cost of Asset the difference between depriciation charged till 01/04/2014 and 95% of original cost of the Asset has been passed through profit and loss account.

4. Corporate information

Virtualsoft Systems limited is a listed company and having the presence in USA, U.K. Singapore and India. The vision of the company is to empower business and learning communities with rich "knowledge-on-demand". Company is engaged in: Pioneering Broadband, Virtual Event & Providing Mobile Roaming Services & Solutions.

The Registered Office of the company is:- S-101, Panchsheel Park, New Delhi-110017 and Corporate Office is currently located at C-123, Okhla Phase -I, New Delhi- 110020

5. Basis of accounting and preparation of financial statements

The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles under the historical cost convention on the accrual basis except for certain financial instruments which are measured at fair values .GAAP comprises mandatory accounting standards as prescribed under section 133 of the Companies Act 2013('Act ') read with rule 7 of the Companies (Accounts) Rules, 2014, the provisions of the Act (to the extent notified) and guidelines issued by the Securities and Exchange Board of India(SEBI).Accounting policies have been consistently applied except where a newly issued accouting standard is initially adopted or revision to an existing accounting standard requires a change in the accounting policy hitherto in use.in India (Indian GAAP). The financial statements have been prepared on accrual basis under the historical cost convention.

6.. Disclosures under Accounting Standard 11 on "Effects on Change in Foreign Exchange Rates"

(a) Foreign currency exposure not hedged by any derivative instrument or otherwise is NIL

(b) Outstanding forward contracts entered by the company for the purpose of hedging its foreign currency exposure

The company do not hedge its foreign currency exposure, accordingly it does not have any outstanding forward contracts

7. Disclosures under Accounting Standard 15 on "Employees benefits"

The Company makes Provident Fund and EDLI contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Rs. 25,385/- (Year ended 31 March, 2015) for Provident Fund and EDLI contributions ions in the Statement of Profit and Loss.

Provision for gratuity and leave encashment is made as per Management Policy .

(b) The company has entered into operating lease agreements that are renewable on a periodic basis and cancelable at company's option.

(c) The company has not entered into sublease agreements in respect of these leases.

8. Disclosures under Accounting Standard 18 on "Related Party Transactions"

(a) List of related parties

(i) Subsidiary Company

Roam1 Telecom Limited

(ii) Key Managerial Personnel (KMP)

Mr. Gokul Tandan Mr. Rajendra V Kulkarni

(iii) Enterprises over which KMP / Relatives of KMP can exercise significant influence

V Reach Solutions Private Limited M.R. Capital Private Limited Goto Customer Services Private Limited SME Business Services Private Limited Visnova Solution Private Limited Foundation TechnologiesPrivate Limited Marble Arch Estate(P) Limited

9. Other disclosures as per Companies Act, 1956

Pursuant to section 205C of the Companies Act 1956, dividends that are unpaid / unclaimed for a period of seven years or more from the date they become due for payment are required to be transferred to the Investors Education and Protection Fund (IEPF) administered by the central government. The following unpaid / unclaimed dividends have not been transferred to IEPF A/C.

10. Reconcilation and confirmations

Balances of Debtors and Creditors and Loans and Advances to/from parties, Security Deposits are subject to reconcilations and confirmations.

11. Provision for tax

In view of the carried forward losses, no provision for current tax have been made during the year. Provision for Deferred tax has also not been recognized in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available sufficient future profits against which such deferred tax asset can be adjusted.

12. Intangible assets under development

The company is developing a software called Live Webcast Suite for providing telecom services. No amount has been capitalized during the year. The management is of the opinion that since the process is still going on & hence no amortization is required during this year

13. Previous year's figures

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

14. Prior period Items

There is no material prior period items included in the statement of profit & loss required to be disclosed as per AS-5, notified by the Companies (Accounting Standard) rules, 2006.

15. Others disclosures

(a) There are no Contingent liabilities as on the date of balancesheet.

(b) As at year end, there was no amount due to any small scale industrial undertaking.

(c) The company has not received any Government Grants during the year.

(d) Figures are rounded off to nearest rupee.

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Mar 31, 2014

Additional information:

(1) Secured loan from Others represent vehicle loans from bank/finance companies which are secured by hypothecation of vehicles of the Company.

(2) Unsecured loan from directors and related parties do not carry any interest, also the maturity is dependent on the funds available with the company.

(3) Loansfrom Directors includes amount of Rs. 12,04,76,071/-dueto Mr. GokulTandon,outofthis total an amount of Rs. 8,00,00,000 would be converted into Equity Shares on preferential basis. Process of such Conversion of that loan into Equity Shares has already been initiated.

Additional information:

(a) The Stock in trade represents the value of ERCV amount and the International Roaming Cards lying idle with the company.

(b) The Management has taken and valued the Closing Stock-in-trade at the lower of cost and net relizable value as per AS-2, and represented that it has been physically vertified at resonable interval.

2. Exceptional Items

[ Item No. 4(c) ]

Pursuant to the Slump Sale agreement executed between Virtualsoft systems Limited and Roaml Telecom Limited ( a subsidiary of Virtualsoft systems Limited) dtd. 27-September-2013 as ratified by the shareholders of Virtualsoft systems Limited on 14th September, 2013, the company has transferred its International Roaming Cards division on going concern basis to Roaml Telecom Limited with effect from the close of business hours of 30th June, 2013. Profit on such sale has been considered as exceptional item.

3. Discontinued operations

Pursuant to the approval granted by the members by way of Postal Ballot on 14th Septemebr, 2013, the International Roaming Card division of the company was sold and transfered as a going concern on a Slump Sale basis to Roaml Telecom Limited ( a new subsidiary of Virtualsoft systems Limited) with effect from the close of business hours of 30th June, 2013, for a consideration of Rupees 8.0 Crores discharged by Roaml Telecom Limited through issue of 1,20,00,000 shares of Rupees 10/- each par value at Rupees 56/- premium plus Rupees 8.0 Lacs as cash consideration. Accordingly, the approved International Roaming Card division has been considered as a discontinued operations under Accounting Standard - 24

4 Corporate information

Virtualsoft Systems limited is a listed company and having the presence in USA, U.K. Singapore and India. The vision of the company is to empower business and learning communities with rich "knowledge-on-demand". Company is engaged in: Pioneering Broadband, Virtual Event & Providing Mobile Roaming Services & Solutions.

The Registered Office of the company is:- S-101, Panchsheel Park, New Delhi-110017 and Corporate Office is currently located at C-123, Okhla Phase -I, New Delhi- 110020

5 Basis of accounting and preparation of financial statements

The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The financial statements have been prepared to comply in all material respects with Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 (as amended) and the relevant provisions of the Companies Act, 1956. The financial statements have been prepared on accrual basis under the historical cost convention. The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the previous year.

6. Disclosures under Accounting Standard 15 on "Employees benefits"

The Company makes Provident Fund contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Rs. 10,632 (Year ended 31 March, 2014) for Provident Fund contributions ions in the Statement of Profit and Loss.

Provision for gratuity is made as Management Policy and the company has not made any provision for leave encashment during the year

7. Disclosures under Accounting Standard 17 on "Segment Reporting"

The Company has identified business segments as its primary segment and geographic segments as its secondary segment. Business segments are primarily Event Management Services and International Roaming Card Services. Business Segment related to SIM Cards were operational for only 3 Months in Virtual Soft Systems Limited and thereof sold out to Roaml Telecom Limited on slump sale basis. Revenues and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly identifiable to each reportable segment have been allocated on the basis of associated revenues of the segment and manpower efforts. All other expenses which are not attributable or allocable to segments have been disclosed as unallocable expenses. Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities are disclosed as unallocable. Fixed assets that are used interchangeably amongst segments are not allocated to primary and secondary segments. Geographical revenues are allocated based on the location of the customer. Geographically the customer of the company are based in India only.

8. Disclosures under Accounting Standard 18 on "Related Party Transactions"

(a) List of related parties

(i) Key Managerial Personnel (KMP)

Mr. Gokul Tandan

Mr. Manpreet Singh

Mr. Rajendra V Kulkarni

Mr. Reet Mohinder Singh Ahuluwalia

(ii) Enterprises over which KMP / Relatives of KMP can exercise significant influence

Multiple Zone India Private Limited Multiple Zones Services LLP M.R. Capital Private Limited Arms Communication Private Limited Visnova Solutions Private Limited Foundation Technologies Private Limited SME Business Services Private Limited GoTo Customer Services Private Limited V Reach Solutions Private Limited

9. Other disclosures as per Companies Act, 1956

Pursuant to section 205C of the Companies Act 1956, dividends that are unpaid / unclaimed for a period of seven years or more from the date they become due for payment are required to be transferred to the Investors Education and Protection Fund (IEPF) administered by the central government. The following unpaid / unclaimed dividends have not been transferred to IEPF A/C.

10. Reconcilation and confirmations

Balances of Debtors and Creditors and Loans and Advances to/from parties, Security Deposits are subject to reconcilations and confirmations.

11. Provision for tax

In view of the carried forward losses, no provision for current tax have been made during the year. Provision for Deferred tax has also not been recognized in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available sufficient future profits against which such deferred tax asset can be adjusted.

12. Service tax on Reverse Charge Mechanism

As per Section 66A of the Finance Act, 1994 , provides that service tax be charged on the basis of Reverse Charge Mechanism in respect of telecommunication services from territory outside India. However, the management is of the opinion that no Service Tax is applicable in respect of such purchases .Considering the above the Service Tax liability amounts to Rs. 10,74,342/-. However the company has not made any such provision.

13. Intangible assets under development

The company is developing a software called Live Webcast Suite for providing telecom services. The expenses of Rs. 12,90,000/- incurred during the year has been capitalized . The management is of the opinion that since the process is still going on & hence no amortization is required during this year

14. Previous year''s figures

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

15. Prior period Items

There is no material prior period items included in the statement of profit & loss required to be disclosed as per AS-5, notified by the Companies (Accounting Standard) rules, 2006.

16. Others disclosures

(a) There are no Contingent liabilities as on the date of balancesheet.

(b) As at year end, there was no amount due to any small scale industrial undertaking.

(c) The company has not received any Government Grants during the year.

(d) Figures are rounded off to nearest rupee.

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Mar 31, 2013

1 Corporate information

Virtualsoft Systems limited is a listed company (BSE) and having the presence in USA, U.K. Singapore and India. The vision of the company is to empower business and learning communities with rich "knowledge-on-demand". Company is engaged in: Pioneering Broadband, Virtual Event & Providing Mobile Roaming Services & Solutions.

The Registered offce of the company is:- S-101, Panchsheel Park, New Delhi-110017 & Currently operates from B-236 Okhala phase -I New Delhi- 110020

2.1 Capital WIP: The company is developing a software called CRM for providing telecom services. The expenses of Rs. 81,81,310/- incurred during the year has been capitalized . The management is of the opinion that since the process is still going on & hence no amortization is required during this year. During the last quarter company has capitalised Fees & Subscription to CRM amounting to Rs- 22,71,016/- inadvertently, which has been reversed now.

2.2 Discontinuing operations- Disclosure under AS-24 "Discontinuing operations"

On 14th November 2012, the Board of Directors had announced a plan to dispose off Companys''s Roam 1 Division, which is also a different segment as per AS-17, Segment Reporting. The disposal is consistent with the company''s long term strategy to focus its activities in the areas of Telecom business. At 31 March 2013, the carrying amount of assets of Roam 1 Division was Rs. 157.8 lakhs (previous year Rs. 86.89 lakhs) and its liabilities were Rs. 540 lakhs (previous year Rs. 297.44 lakhs). The process of selling the Roam 1 Division is likely to be completed in F.Y. 2013-14.

2.3 Deffered Tax

No Deferred tax asset has been recognized and carried forward in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available suffcient future profts against which such deferred tax asset can be adjusted.

2.4 Contingent Liabilities: There are no Contingent liabilities during the year.

2.5 Balances of Sundry Debtors & Creditors and Loans and Advances appearing as at the year-end are subject to confrmation and reconciliation, if any.

2.6 As at year end, there was no amount due to any small scale industrial undertaking.

2.7 There are no Government grants during the year.

2.8 Previous Year Figures have been reclassifed recasted and regrouped, wherever necessary to conform to the current year''s classifcations.

2.9 Figures are rounded off to nearest rupee.

2.9 1. Unclaimed Dividend

Pursuant to section 205C of the companies act1956, dividends that are unpaid / unclaimed for a period of seven years or more from the date they become due for payment are required to be transferred to the Investors Education and Protection Fund (IEPF) administered by the central government. The following unpaid / unclaimed dividends have not been transferred to IEPF A/C.

1 Employee beneft plans

Defned contribution plans

The Company makes Provident Fund and Superannuation Fund contributions to defned contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specifed percentage of the payroll costs to fund the benefts. The Company recognised Rs. 10,632/- , for the Year ended 31 March, 2013 & Rs. 10,632/-, for the previous year as Provident Fund contributions in the statement of Proft and Loss. The contributions payable to these plans by the Company are at rates specifed in the rules of the schemes.

Defned beneft plans

The Company offers the following employee beneft schemes to its employees:

i. Gratuity

ii. Leave encashment

1 Segment information

The Company has identifed business segments as its primary segment and geographic segments as its secondary segment. Business segments are primarily Virtual Event, Demand Gen. Services, Roaming & Telecom Solutions. Revenues and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly identifable to each reportable segment have been allocated on the basis of associated revenues of the segment and manpower efforts. All other expenses which are not attributable or allocable to segments have been disclosed as unallocable expenses. Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities are disclosed as unallocable. Fixed assets that are used interchangeably amongst segments are not allocated to primary and secondary segments. Geographical revenues are allocated based on the location of the customer. Geographic segments of the Company are India only.

---

Mar 31, 2012

1 Corporate information

Virtualsoft Systems limited is a listed company (BSE) and having the presence in USA, U.K. Singapore and India. The vision of the company is to empower business and learning communities with rich "knowledge- on-demand". Company is engaged in: Pioneering Broadband, Virtual Event & Providing Mobile Roaming Services & Solutions.

The Registered office of the company is:- S-101, Panchsheel Park, New Delhi-110017 & Currently operates from B-236 Okhala phase -II New Delhi- 110020

2.1 Capital WIP: The company is developing a software called CRM for providing telecom services. The expenses of Rs. 75,23,589/-incurred during the year has been capitalized . The management is of the opinion that since the process is still going on no amortization is required during this year.

2.2 Deffered Tax

No Deferred tax asset has been recognized and carried forward in the Balance Sheet in view of the fact that there exits no virtual certainty supported by convincing evidence that there will be available sufficient future profits against which such deferred tax asset can be adjusted.

2.3 Contingent Liabilities:

There are No Contingent liabilities during the year.

2.4 Balances of Sundry Debtors & Creditors and Loans and Advances appearing as at the year-end are subject to confirmation and reconciliation, if any.

2.5 As at year end, there was no amount due to any small scale industrial undertaking.

2.6 Previous Year Figures have been reclassified and regrouped, wherever necessary to conform to the current year''s classifications.

2.7 Figures are rounded off to nearest rupee.

2.8 14. Unclaimed Dividend

Pursuant to section 205C of the companies act1956, dividends that are unpaid / unclaimed for a period of seven years or more from the date they become due for payment are required to be transferred to the Investors Education and Protection Fund (IEPF) administered by the central government. The following unpaid / unclaimed dividends have not been transferred to IEPF A/C.

3.1 Share application money pending allotment

As at 31 March 2012, the Company has received an amount of Rs. 36,50,000/-towards share application money towards equity Shares of the Company (As at 31 March, 2011 Rs. 32,50,000/- towards equity shares). The Company has sufficient authorised capital to cover the allotment of these shares. Pending allotment of shares, the amounts are maintained in a designated bank account and is not available for use by the Company.

Note 4 Disclosures under Accounting Standard -15

1 Employee benefit plans

Defined contribution plans

The Company makes Provident Fund and Superannuation Fund contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Rs. 10,632/- , for the Year ended 31 March, 2012 & Rs. 44,588/-, for the previous year as Provident Fund contributions in the statement of Profit and Loss. The contributions payable to these plans by the Company are at rates specified in the rules of the schemes

Defined benefit plans

The Company offers the following employee benefit schemes to its employees:

i. Gratuity

ii. Leave encashment

1 Segment information

The Company has identified business segments as its primary segment and geographic segments as its secondary segment. Business segments are primarily Event Management Services and SIM Cards. Revenues and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly identifiable to each reportable segment have been allocated on the basis of associated revenues of the segment and manpower efforts. All other expenses which are not attributable or allocable to segments have been disclosed as unallocable expenses. Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities are disclosed as unallocable. Fixed assets that are used interchangeably amongst segments are not allocated to primary and secondary segments. Geographical revenues are allocated based on the location of the customer. Geographic segments of the Company are India only.

---

Mar 31, 2010

01. Contingent Liabilities:

Claims against the Company not acknowledged as debt: Rs. 56,44,113 (Previous Year Rs. 56,44,113/-).

Against this claim, the Company has made counter claims amounting to Rs. 55,07,310 (Previous Year Rs. 55.07,310/-) for its dues.

Income Tax matters under dispute: Nil (Previous year: Rs. 98, 09,297-.).

02. Balances of Sundry Debtors/Creditors and Loans an J Advances appearing as at the year-end are subject to confirmation and reconciliation, if any.

03. Foreign Exchange Transactions.

(i) Transactions denominated in foreign currency are recorded at the exchange rate prevailing on the date of transaction.

(ii) The monetary items denominated in foreign currency are translated at the year end rate of exchange.

(iii) Difference in exchange has been dealt with Profit and Loss account.

04. As at yew end, there was no amount due to any small scale industrial undertaking.

05. Segment Reporting:

The company is engaged in the business of software development /IT related services which is a single segment, as per Accounting standard (AS) 17 issued by the Institute of Chartered Accountant of India. Therefore disclosure requirement of (AS) 17 does not apply.

06. Related Party Disclosure:

(a) Names of related Parties and description thereof:

1. Holding Company Virtual Software & Training Pvt. Ltd.

2. Key Management Personnel 1. Mr. Gokul Tandan

2. Mr. Rajendra V. Kulkarni

3. Mr, Suresh Rajpal

4. Mr.Ashok K Anand,

3. Enterprises under the Common Control 1. M/s. Goto Customers Services Pvt Ud.



or control through one or more intermediaries, 2. CPM India Sales & Marketing Pvt. Ltd.

3. M/s. Foundation Technologies (Pvt.) Ltd.

4. M/s. Digitivate Solutions Pvt-. Ltd.

5. M/s. Vreach Solutions Pvt. Ltd.

6. M R Capital Pvt. Ltd.

7. M/s. Vijay Stampings Pvt. Ltd-

8. M/s. Foundation Technologies (Pvt.) Ltd.

9. Advani Exports Pvt. Ltd.

10. SME Business Services Ltsd.

11. M/s. Vishnova India Pvt. Ltd.

12.M/sPurolatorPvt. Ltd.

13. M/s. Four Soft Pvt. Ltd.



07. (a) Since the company is engaged in the business of software developrhent/IT related services. The production and sale of the same is not capable of being expressed in any generic unit. Hence, other information pursuant to the provision of 3.4C and 4D of Part II of Schedule VI of the Companies Act, 1956 are not applicable to the company.

08. Previous Year Figures have been reclassified and regrouped, wherever necessary to conform to the current years classifications.

09. Figures are rounded off to nearest rupee.

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Mar 31, 2009

01. Contingent Liabilities:

Claims against the Company not acknowledged as debt: Rs. 56,44,113 (Previous Year Rs. 56,44,113/-).

Against this claim, the Company has made counter claims amounting to Rs. 55,07,310 (Previous Year Rs. 55,07,310/-) for its dues.

Income Tax matters under dispute: Rs. 98, 09,297/- (Previous year: Rs. 98, 09,297-).

02. Balances of Sundry Debtors/Creditors and Loans and Advances appearing as at the year-end are subject to confirmation and reconciliation, if any.

03. Foreign Exchange Transactions

(i) Transactions denominated in foreign currency are recorded at the exchange rate prevailing on the date of transaction.

(ii) The monetary items denominated in foreign currency are translated at the year end rate of exchange.

(iii) Difference in exchange has been dealt with Profit and Loss account.

04. As at year end, there was no amount due to any small scale industrial undertaking.

05. Segment Reporting:

The company is engaged in the business of software development/IT related services which is a single segment, as per Accounting standard (AS) 17 issued by the Institute of Chartered Accountant of India. Therefore disclosure requirement of (AS) 17 does not apply.

06. Related Party Disclosure: (a) Names of related Parties and description thereof:

1. Holding Company Virtual Software & Training Pvt. Ltd.

2. Key Management Personnel 1. Mr. Gokul Tandon

2. Mr. Rajendra V. Kulkarni

3. Mr. Suresh Rajpal

4. Mr. Ashok K Anand

3. Enterprises under the Common Control 1. M.R. Capital Pvt. Ltd. or control through one or more intermediaries. 2. Foundation Technologies Pvt. Ltd.

3. Marble Arch Estates Pvt. Ltd.

4. Mountain Valley Springs Pvt. Ltd.

5. Advani Exports Pvt. Ltd.

6. Vijay Stampings Pvt. Ltd.

7. Gotocustomer.com Pvt. Ltd.

8. CPM India Sales & Marketing Pvt. Ltd.

9. Puro Lator Pvt. Ltd.

10. Office Plannet Pvt. Ltd.

11. Technova India Pvt. Ltd.

12. Foursoft Pvt. Ltd.

13. Multiple Zone India Pvt. Ltd.

07. (a) Since the company is engaged in the business of software development/IT related services .The production and sale of the same is not capable of being expressed in any generic unit. Hence, other information pursuant to the provision of 3,4C and 4D of Part II of Schedule VI of the Companies Act, 1956 are not applicable to the company.

08. Previous Year Figures have been reclassified and regrouped, wherever necessary to conform to the current years classifications.

09. Figures are rounded off to nearest rupee.