Notes to Accounts of LGT Business Connextions Ltd.

Mar 31, 2025

11 Provisions and Contingent liabilities

A provision is recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be
made of the amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present
obligation at the reporting date. Where the effect of the time value of money is material, provisions are discounted using a pre-tax rate
that reflects current market assessments of the time value of money and the risks specific to the liability. Provisions are reviewed at
each reporting date and adjusted to reflect the current best estimate. If it is no longer probable that an outflow of resources will be
required to settle the obligation, the provision is reversed. Provisions are not recognised for future operating losses.

Contingent liabilities are disclosed when there is:

- a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of
one or more uncertain future events not wholly within the control of the Company; or

-a present obligation that arises from past events but is not recognised because it is not probable that an outflow of resources will be
required to settle the obligation, or a reliable estimate of the amount cannot be made.

12 Inventories

The Company is engaged in providing services and does not hold any inventories. Accordingly, the requirements of Accounting
Standard 2 - Valuation of Inventories, as notified under the Companies (Accounting Standards) Rules, 2006, are not applicable.

13 Cash flow statement

The Cash Flow Statement has been prepared in accordance with Accounting Standard 3 - Cash Flow Statements, as notified under the
Companies (Accounting Standards) Rules, 2006.Cash flows are classified into operating, investing, and financing activities. The
Company has used the indirect method for reporting cash flows from operating activities, whereby net profit is adjusted for the effects
of non-cash items, changes in working capital, and other items whose cash effects are investing or financing in nature. Cash and cash
equivalents include cash on hand, balances with banks in current accounts, and short-term deposits with original maturities of three
months or less, which are subject to an insignificant risk of changes in value. Bank overdrafts that are repayable on demand and form
an integral part of the Company’s cash management are included as a component of cash and cash equivalents. On-cash transactions,
if any, are disclosed separately in the Notes to Accounts and are excluded from the Cash Flow Statement.

14 Government grants, subsidies and export incentives

The company has not received any grant from the government or any institution for any purpose during the year.

15 Investments

Investments are classified into current and long-term investments in accordance with Accounting Standard 13 - Accounting for
Investments, as notified under the Companies (Accounting Standards) Rules, 2006.Current investments are carried at the lower of cost
and fair value. Long-term investments are carried at cost. Provision for diminution in value is made to recognize a decline, other than
temporary, in the value of long-term investments. Cost of investments includes acquisition charges such as brokerage, fees, and duties.
On disposal of an investment, the difference between the carrying amount and the net disposal proceeds is recognised in the Statement
of Profit and Loss.

16 Employee benefits

The Company has adopted the Accounting Standard 15- Employee Benefits prescribed under the Companies (Accounting Standards)
Rules, 2006. Employee benefits include provident fund, bonus, superannuation fund, compensated absences, long service awards and
post-employment medical benefits. The Company’s obligation towards various employee benefits has been recognized as follows:

a) Short Term Employee Benefits

Short-term employee benefits include salaries, wages, allowances, and performance incentives that are expected to be settled wholly
within twelve months of the end of the reporting period. These benefits are recognised as an expense in the Statement of Profit and
Loss in the period in which the employee renders the related service.

b) Post-employment benefits

Post-employment benefits comprise provident fund, gratuity, and other benefits.

I Defined contribution plan

The Company makes contributions to defined contribution plans such as Provident Fund and Employees’ State Insurance (ESI) in
accordance with applicable laws and regulations. Provident Fund contributions are made to the statutory provident fund maintained by
the Government of India. These contributions are recognised as an expense in the Statement of Profit and Loss in the period in which
the employee renders the related service. The Company has no further obligation beyond its monthly contributions. Employees’ State
Insurance (ESI) contributions are made in accordance with the Employees’ State Insurance Act, 1948. These contributions are also
recognised as an expense in the Statement of Profit and Loss in the period in which the employee renders the related service. The
Company’s liability is limited to the amount of contribution required under the statute. All the above schemes are classified as defined
contribution plans under Accounting Standard 15 (Revised) - Employee Benefits, and the Company’s liability is limited to the extent
of contributions made.

II Defined benefit plan

The Company’s defined benefit plan includes gratuity, which provides for a lump-sum payment to eligible employees at retirement,
death, incapacitation, or termination of employment, based on the employee’s last drawn salary and tenure of service. The liability for
gratuity is determined using the projected unit credit method, based on actuarial valuation carried out at each reporting date by an
independent actuary. The present value of the defined benefit obligation is determined by discounting the estimated future cash
outflows using market yields on government bonds at the reporting date. Actuarial gains and losses are recognised in the Statement of
Profit and Loss in the period in which they arise. Past service cost, if any, is recognised immediately.

17 Borrowing costs

Borrowing cost includes interest incurred in connection with the arrangement of borrowings. Borrowing costs directly attributable to
the acquisition of an asset that necessarily takes substantial period of time to get ready for its intended use are capitalized as part of
the cost of the respective asset. All other borrowing costs are expensed in the period they are incurred.

18 Segment reporting

1. Tour Packages and other allied services-Comprehensive tour package services that include arrangement of travel,
meetings,incentives,conferences and exhibitions, sightseeing, visa processing ,ticketing and other travel-related activities for
individuals or groups, corporates .

2. Accommodation Services-Provision of short-term accommodation and related hospitality services to tourists and travellers,
including hotel rooms, guest houses, resorts, and similar establishments.

19 Earning per share

Earnings per share is disclosed in accordance with Accounting Standard 20 - Earnings Per Share, as notified under the Companies
(Accounting Standards) Rules, 2006.Basic earnings per share is calculated by dividing the net profit or loss for the period attributable
to equity shareholders by the weighted average number of equity shares outstanding during the period. The net profit for the period is
after deducting preference dividends and any attributable taxes thereon. Equity shares outstanding during the period and for all
periods presented is adjusted for events such as bonus issues, share splits, and other changes in the number of equity shares
outstanding that do not result in a corresponding change in resources. Diluted earnings per share is calculated by adjusting the net
profit or loss attributable to equity shareholders and the weighted average number of equity shares for the effects of all dilutive
potential equity shares, such as convertible instruments, stock options, and warrants. The Company presents both basic and diluted
earnings per share with equal prominence for all periods presented, even if the amounts disclosed are negative.