Notes to Accounts of Moneyboxx Finance Ltd.

Mar 31, 2025

I. Provisions, Contingent Liabilities and Contingent Assets
A provision is recognized when the Company has a present
obligation as a result of past event; 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 of the
amount of obligation. Provisions are not discounted to its
present value and are determined based on best estimate
required to settle the obligation at the reporting date. These
are reviewed at each reporting date and adjusted to reflect
the current best estimates.

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 recognized 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 recognized
because it cannot be measured reliably. The Company does
not recognize a contingent liability but discloses its existence
in the financial statements.Where there is a possible obligation
or a present obligation in respect of which the likelihood of
outflow of resources is remote, no provision or disclosure
is made.

Contingent assets are not recognised in the financial
statements if the inflow of the economic benefit is probable
than it is disclosed in the financial statements.

J. Revenue recognition

i. Interest income

Interest income is recognised by applying the Effective
Interest Rate (EIR) to the gross carrying amount of
financial assets measured at amortised cost other than
credit-impaired assets and financial assets classified as
measured at FVTPL.

The EIR in case of a financial asset is computed

- As 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.

- By considering all the contractual terms of the
financial instrument in estimating the cash flows.

- Including all fees received between parties to the
contract that are an integral part of the effective
interest rate, transaction costs, and all other
premiums or discounts.

Any subsequent changes in the estimation of the future
cash flows is recognised in interest income with the
corresponding adjustment to the carrying amount of
the assets.

Interest income on credit impaired assets is recognised by
applying the effective interest rate to the net amortised
cost (net of ECL provision) of the financial asset.

Interest on delayed payments by customers are treated
to accrue only on realisation, due to uncertainty of
realisation and are accounted accordingly.

Interest spread under par structure of direct assignment of
loan receivables is recognised upfront. On derecognition
of the loan receivables in its entirety, the difference
between the carrying amount (measured at the date of
derecognition) and the consideration received (including
any new asset obtained less any new liability assumed)
shall be recognised upfront in the Statement of Profit
and Loss.

ii. Fees & commission income

Fees and commissions are recognised when the Company
satisfies the performance obligation, at the amount

of transaction price (net of variable consideration)
allocated to that performance obligation based on a
five-step model as set out below, unless included in the
effective interest calculation:

Step I: Identify contract(s) with a customer: A contract
is defined as an agreement between two or more parties
that creates enforceable rights and obligations and sets
out the criteria for every contract that must be met.

Step 2: Identify performance obligations in the contract:
A performance obligation is a promise in a contract with
a customer to transfer a good or service to the customer.

Step 3: Determine the transaction price:The transaction
price Is the amount of consideration to which the
Company expects to be entitled in exchange for
transferring promised goods or services to a customer,
excluding amounts collected on behalf of third parties.

Step 4: Allocate the transaction price to the performance
obligations in the contract: For a contract that has more
than one performance obligation, the Company allocates
the transaction price to each performance obligation in
an amount that depicts the amount of consideration to
which the Company expects to be entitled in exchange
for satisfying each performance obligation.

Step 5: Recognise revenue when (or as) the Company
satisfies a performance obligation.

iii. Net gain/loss on fair value changes

Any differences between the fair values of financial assets
classified as fair value through the profit or loss, held by
the Company on the balance sheet date is recognised
as an unrealised gain/loss. In cases there is a net gain in
the aggregate, the same is recognised in ‘Net gains on
fair value changes'' under Revenue from operations and if
there is a net loss the same is disclosed under ‘Expenses''
in the Statement of Profit and Loss.

Similarly, any realised gain or loss on sale of financial
instruments measured at FVTPL and debt or equity
instruments measured at FVOCI is recognised in net gain
/ loss on fair value changes. As at the reporting date, the
Company does not have any debt instruments measured
at FVOCI.

K. Retirement and other employee benefits

Short term employee benefit

All employee benefits payable wholly within twelve months of

rendering the service are classified as short-term employee

benefits. These benefits include short term compensated

absences such as paid annual leave. The undiscounted
amount of short-term employee benefits expected to be
paid in exchange for the services rendered by employees is
recognised as an expense during the period. Benefits such as
salaries and wages, etc. and the expected cost of the bonus/
ex-gratia are recognized in the period in which the employee
renders the related service.

Post-employment employee benefits

i. Defined contribution schemes

All the employees of the Company are entitled to receive
benefits under the Provident Fund and Employees
State Insurance scheme, defined contribution plans in
which both the employee and the Company contribute
monthly at a stipulated rate.The Company has no liability
for future benefits other than its annual contribution
and recognises such contributions as an expense in the
period in which employee renders the related service.
If the contribution payable to the scheme for service
received before the Balance Sheet date exceeds the
contribution already paid, the deficit payable to the
scheme is recognised as a liability after deducting the
contribution already paid. If the contribution already
paid exceeds the contribution due for services received
before the Balance Sheet date, then excess is recognised
as an asset to the extent that the pre-payment will lead
to, for example, a reduction in future payment or a
cash refund.

ii. Defined benefit plan

The Company provides for the gratuity, a defined benefit
retirement plan covering all employees.The plan provides
for lump sum payments to employees upon death while
in employment or on separation from employment
after serving for the stipulated years mentioned under
‘The Payment of Gratuity Act, 1972''. The present value
of the obligation under such defined benefit plan is
determined based on actuarial valuation, carried out by
an Independent actuary at each Balance Sheet date, using
the Projected Unit Credit Method, which recognises
each period of service as giving rise to an additional unit
of employee benefit entitlement and measures each unit
separately to build up the final obligation.

The obligation is measured at the present value of the
estimated future cash flows.The discount rates used for
determining the present value of the obligation under
defined benefit plan are based on the market yields on
Government Securities as at the Balance Sheet date.

Net interest recognised in profit or loss is calculated by
applying the discount rate used to measure the defined

benefit obligation to the net defined benefit liability or
asset. The actual return on the plan assets above or
below the discount rate is recognised as part of re¬
measurement of net defined liability or asset through
other comprehensive income. An actuarial valuation
involves making various assumptions that may differ
from actual developments in the future. These include
the determination of the discount rate, attrition rate,
future salary increases and mortality rates. Due to the
complexities involved in the valuation and its long-term
nature, these liabilities are highly sensitive to changes in
these assumptions. All assumptions are reviewed annually.

Re-measurement, comprising of actuarial gains and
losses and the return on plan assets (excluding amounts
included in net interest on the net defined benefit
liability), are recognised immediately in the balance
sheet with a corresponding debit or credit to retained
earnings through OCI in the period in which they occur.
Re-measurements are not reclassified to the statement
of profit and loss in subsequent periods.

Employee stock options

Eligible employees in terms of the Employees Stock
Options Scheme of the Company receive remuneration
in the form of share-based payments, whereby employees
render services as consideration for equity instruments
(equity-settled transactions).

The cost of equity-settled transactions is determined by
the fair value at the date when the grant is made using
an appropriate valuation model.

That cost is recognised, together with a corresponding
increase in Share Option Outstanding Reserves in equity,
over the period in which the performance and / or service
conditions are fulfilled in employee benefits expense/
vesting period. The cumulative expense recognised for
equity-settled transactions at each reporting date until
the vesting date reflects the extent to which the vesting
period has expired and the Company''s best estimate of
the number of equity instruments that will ultimately vest.

The Statement of Profit and Loss expense or credit for a
period represents the movement in cumulative expense
recognised as at the beginning and end of that period and
is recognised in employee benefits expense. No expense
is recognised for awards that do not ultimately vest.

L. Leases

The Company has adopted Ind-AS 116 - Leases and applied

it to all lease contracts entered. Based on the same and

as permitted under the specific transitional provisions in
the standard, the Company is not required to restate the
comparative figures.

All leases are accounted for by recognizing a right-of-use asset
and a lease liability except for:

- Leases of low value assets; and

- Leases with a duration of 12 months or less

The following policies applied-

Lease liabilities are measured at the present value of the
contractual payments due to the lessor over the lease term,
with the discount rate determined by reference to the rate
inherent in the lease unless (as is typically the case) this is not
readily determinable, in which case the Company''s incremental
borrowing rate on commencement of the lease is used.
Variable lease payments are only included in the measurement
of the lease liability if they depend on an index or rate. In such
cases, the initial measurement of the lease liability assumes
the variable element will remain unchanged throughout the
lease term. Other variable lease payments are expensed in the
period to which they relate.

Right-of-use assets are initially measured at the amount of the
lease liability, reduced for any lease incentives received, and
increased for:

- initial direct costs incurred; and

- the amount of any provision recognized where the
Company is contractually required to dismantle,

Subsequent to initial measurement lease liabilities increase as
a result of interest charged at a constant rate on the balance
outstanding and are reduced for lease payments made. Right-
of-use assets are amortized on a straight-line basis over the
remaining term of the lease or over the remaining economic
life of the asset if, rarely, this is judged to be shorter than the
lease term.

M. Goods and services tax paid on acquisition of assets or
on incurring expenses.

Expenses and assets are recognized net of the goods and
services tax paid, except when the tax incurred on a purchase
of assets or services is not recoverable from the tax authority,
in which case, the tax paid is recognized as part of the cost
of acquisition of the asset or as part of the expense item,
as applicable.

The net amount of tax recoverable from, or payable to, the
tax authority is included as part of receivables or payables,
respectively, in the balance sheet.

Further being an NBFC Company, the Company has followed
the policy to availed only 50% input credit of GST on all
expenses as well as on Capital Goods Purchased and the
remaining 50% will be lapsed as per Rule No. 3 of ITC of GST.

N. Income tax

i. Current tax

Current tax is measured at the amount expected to be
paid to the tax authorities in accordance with the Income
Tax Act, 1961 in respect of taxable income for the year
and any adjustment to the tax payable or receivable in
respect of previous years.

ii. Deferred tax

Deferred tax is provided on temporary differences
at the reporting date between the tax bases of assets
and liabilities and their carrying amounts for financial
reporting purposes.

O. Earnings Per Share

The Company reports basic and diluted earnings per equity
share as per Ind-AS 33. Basic earnings per equity share have
been computed by dividing net profit / loss attributable to
the equity shareholders for the year by the weighted average
number of equity shares outstanding during the year. Diluted
earnings per equity share have been computed by dividing
the net profit attributable to the equity shareholders after
giving impact of dilutive potential equity shares for the year
by the weighted average number of equity shares and dilutive
potential equity shares outstanding during the year, except
where the results are anti-dilutive.

P. Segment reporting

Operating segments are reported in a manner consistent
with the internal reporting provided to the chief operating
decision maker.The Company''s primary business segments are
reflected based on the principal business carried out, i.e. lending
activities as Non-Banking Finance Company (NBFC) regulated
by the Reserve Bank of India (''RBI'').The risk and returns of the
business of the Company is not associated with geographical
segmentation, hence there is no secondary segment.

Q. Cash Flow Statement

Cash flows are reported using the indirect method, whereby
net profit after tax is adjusted for the effects of transactions
of non-cash nature, tax and any deferrals or accruals of past
or future cash receipts or payments. The cash flows are
prepared for the operating, investing and financing activities
of the Company.

Cash comprises of cash on hand and demand deposits with
banks. Cash equivalents are short-term deposits with banks
(with an original maturity of three months or less from the
date of placement) and cheques on hand. Short term and
liquid investments being subject to more than insignificant
risk of change in value, are not included as part of cash and
cash equivalents.

R. Investments in subsidiaries

Investments in subsidiaries are carried at cost less accumulated
impairment losses, if any. Where an indication of impairment
exists, the carrying amount of the investment is assessed and
written down immediately to its recoverable amount. On
disposal of investments in subsidiaries and joint venture, the
difference between net disposal proceeds and the carrying
amounts are recognised in the statement of profit and loss.

S. Commitments

Commitments are future liabilities for contractual expenditure,
classified and disclosed as follows:

i. estimated amount of contracts remaining to be executed
on capital account and not provided for;

ii. uncalled liability on shares and other investments
partly paid;

iii. funding related commitment to associate; and

iv. other non-cancellable commitments, if any, to the extent
they are considered material and relevant in the opinion
of management.

v. other commitments related to sales/procurements made
in the normal course of business are not disclosed to
avoid excessive details.

vi. commitments under Loan agreement to disburse Loans.

vii. lease agreements entered but not executed.

(a) Loans from banks and others are secured by pari passu charge on the receivables of the Company through Security Trustee and
personal guarantee of the whole time directors.

Vehicle loan is secured by charge on the vehicle.

Borrowing under securitization represents amounts received in respect of securitisation transactions (net of repayments and investment
therein) as these transactions do not meet the derecognition criteria specified under Ind AS.

(b) Terms of repayment of borrowings and rate of interest:

As per terms of agreements, loans from banks aggregating '' 18,036.92 lakh (March 31, 2024 : '' 13,347.06 lakh) are repayable at
maturity ranging between 24 and 48 months from the date of respective loan. Rate of interest payable on term loans varies between
10.00% to 13.25% (March 31,2024 : 10.50% to 13.25%).

As per terms of agreements, loans from others aggregating '' 23,139.12 lakh (March 31, 2024 : '' 22,469.91 lakh) are repayable at
maturity ranging between 24 and 42 months from the date of respective loan. Rate of interest payable on term loans varies between
8.83% to 14.85%. (March 31,2024 : 8.83% to 15.50%).

(c) The Company has not defaulted in the repayment of borrowings (other than debt securities) and interest thereon for the year ended
March 31,2025 and March 31,2024.

38 Segment reporting

The Company operates in a single business segment i.e. financing, as the nature of the loans are exposed to similar risk and return
profiles, hence they are collectively operating under a single segment as per Ind AS 108 on ‘Operating Segments''.The Company operates
in a single geographical segment i.e. domestic, hence there is no external revenue or assets which require disclosure.

39 Transfers of financial assets

In the ordinary course of business, the Company enters into transactions that result in the transfer of financial assets. In accordance
with the accounting policy set out in Note 2, the transferred financial assets continue to be recognised or derecognised as per the
conditions specified in Ind AS.

Securitisation

Certain loans to customers are sold by the Company to securitisation special purpose vehicles, which in turn issue Pass Through
Certificates (''PTC'') to investors collateralised by the purchased assets. In securitisation transactions entered, the Company transfers
loans to an unconsolidated securitisation vehicle, however it retains credit risk (principally by providing credit enhancement). The
Company retains substantial risks and rewards of such loan transferred and accordingly, does not derecognise the loans transferred
in its entirety and recognises an associated liability for the consideration received.

Assignment

The Company has transferred a part of its loan portfolio (measured at amortized cost) vide assignment deals executed with various
parties, as a source of finance. As per the terms of deal, the derecognition criteria as per Ind AS 109 (as all the risks and rewards
relating to assets being transferred to the buyer) being met, the assets have been derecognised.

The management has evaluated the impact of the assignment transactions executed during the year on its business model. Based on
the future business plan, the Company''s business model remains to hold the assets for collecting contractual cash flows.

Level 2 - The fair value of financial instruments that are not traded in an active market are determined using valuation techniques which
maximize the use of observable market data (either directly as prices or indirectly derived from prices) 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. This is
the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3.

The financial instruments included in Level 2 of fair value hierarchy have been valued using quotes available for similar assets and
liabilities in the active market. The investments included in Level 3 of fair value hierarchy have been valued using the cost approach to
arrive at their fair value. The cost of unquoted investments approximate the fair value because there is a range of possible fair value
measurements and the cost represents estimate of fair value within that range.

The following table summarizes financial assets and liabilities measured at fair value on a recurring basis and financial assets that are
not measured at fair value on a recurring basis (but fair value disclosure is required):-

42 Capital

The Company maintains an actively managed capital base to cover risks inherent in the business and is meeting the capital adequacy
requirements of the regulator, RBI. The adequacy of the Company’s capital is monitored using, among other measures, the regulations
issued by RBI.

The Company has complied in full with all its externally imposed capital requirements over the reported period. Equity share capital
and other equity are considered for the purpose of Company’s capital management.

i Capital management

The primary objectives of the Company’s capital management policy are to ensure that the Company complies with externally imposed
capital requirements and maintains strong credit ratings and healthy capital ratios in order to support its business and to maximise
shareholder value.

The funding requirements are met through equity, non-convertible debentures and other long-term/ short-term borrowings. The
Company’s policy is aimed at appropriate combination of short-term and long-term borrowings. The Company manages its capital
structure and makes adjustments to it according to changes in economic conditions and the risk characteristics of its activities. No
changes have been made to the objectives, policies and processes from the previous years. However, they are under constant review
by the Board.

ii Regulatory capital

The Company''s regulatory capital consists of the sum of the following elements :

- Tier 1 capital, which includes ordinary share capital, retained earnings, perpetual debt and reserves and deduction for intangible
assets, deferred tax asset and other regulatory adjustments relating to items that are not included in equity but are treated
differently for capital adequacy purposes.

43 Financial risk management

Risk is an integral part of the Company’s business and sound risk management is critical to the success.As a financial intermediary, the
Company is exposed to risks that are particular to its lending and the environment within which it operates and primarily includes
credit, liquidity and market risks. The Company has a risk management policy which covers risks associated with the financial assets
and liabilities. The risk management policy is approved by the Board of Directors.

The Company has identified and implemented comprehensive policies and procedures to assess, monitor and manage risk throughout
the Company. The risk management process is continuously reviewed, improved and adapted in the context of changing risk scenario
and the agility of the risk management process is monitored and reviewed for its appropriateness in the changing risk landscape. The
process of continuous evaluation of risks includes taking stock of the risk landscape on an event-driven basis.

The Company has an elaborate process for risk management. Major risks identified by the businesses and functions are systematically
addressed through mitigating actions on a continuing basis.

A Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations, and arises principally from the Company''s asset on finance.

The carrying amounts of financial assets represent the maximum credit risk exposure.

Credit risk management

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management
also considers the factors that may influence the credit risk of its customer base, including the default risk associated with the industry.
A financial asset is ‘credit-impaired’ when one or more events that have a detrimental impact on the estimated future cash flows of
the financial asset have occurred. Evidence that a financial asset is credit-impaired includes the following observable data:

- a breach of contract such as a default or past due event;

- when a borrower becomes more than 90 days past due in its contractual payments;

The Risk team has established credit policies for various lending products under which each new customer is analyzed individually
for credit worthiness before the Company’s standard payment and delivery terms and conditions are offered.

Impairment assessment - Expected credit loss ("ECL"):

An impairment analysis is performed at each reporting date based on the facts and circumstances existing on that date to identify
expected losses on account of time value of money and credit risk. For the purposes of this analysis, the loan receivables are categorised
into groups based on days past due. Each group is then assessed for impairment using the Expected Credit Loss (ECL) model as per
the provisions of Ind AS 109 - financial instruments. The Company’s impairment assessment and measurement approach is set out in
this report. It should be read in conjunction with the Summary of significant accounting policies.

ECL on financial assets is an unbiased probability weighted amount based out of possible outcomes after considering risk of credit
loss even if probability is low. ECL is calculated based on the following components:

i. Probability of default ("PD")

ii. Loss given default ("LGD")

iii. Exposure at default ("EAD")

iv. Discount factor ("D")

i Probability of default ("PD")

PD is defined as the probability of whether borrowers will default on their obligations in the future. Historical PD is derived from the
internal data which is calibrated with forward looking macroeconomic factors.

The PDs derived from the model, are the cumulative PDs, stating that the borrower can default in any of the given years, however to
compute the loss for any given year, these cumulative PDs have to be converted to marginal PDs. Marginal PDs is probability that the
obligor will default in a given year, conditional on it having survived till the end of the previous year.

Staging of loans:

The Company considers a financial instrument defaulted and therefore Stage 3 (credit-impaired) for ECL calculations in all cases when
the loan has remained overdue for a period greater than 90 days.

As per Ind AS 109, Company assesses whether there is a significant increase in credit risk at the reporting date from the initial
recognition. The Company considers the credit risk to be directly proportional to the delinquency status i.e. days past due of the loan
under consideration. No further adjustments are made in the PD.

ii Loss given default ("LGD")

The credit risk assessment is based on a standardised loss given default (LGD) assessment framework that results in a certain LGD
rate. These LGD rates take into account the expected EAD in comparison to the amount expected to be recovered or realised from
any collateral held.The Company segments its retail lending products into smaller homogeneous portfolios, based on key characteristics
that are relevant to the estimation of future cash flows.

Further recent data and forward-looking economic scenarios are used in order to determine the LGD rate for each of the homogeneous
portfolios. When assessing forward-looking information, the expectation is based on multiple scenarios. Under Ind AS 109, LGD rates
are estimated for each of the homogeneous portfolios. The inputs for these LGD rates are estimated and, where possible, calibrated
through back testing against recent recoveries. These are repeated for each economic scenario as appropriate.

iii Exposure at default ("EAD")

The exposure at default (EAD) represents the gross carrying amount of the financial instruments subject to the impairment calculation,
addressing both the client''s ability to increase its exposure while approaching default and potential early repayments too.

The Company determines EADs by modelling the range of possible exposure outcomes at various points in time, corresponding the
multiple scenarios. The Ind AS 109 PDs are then assigned to each economic scenario based on the outcome of models.

iv Discount factor ("D")

As per Ind AS 109, ECL is computed by estimating the timing of the expected credit shortfalls associated with the defaults and
discounting them using EIR.

Significant increase in credit risk

The Company continuously monitors all assets subject to ECLs. In order to determine whether an instrument or a portfolio of
instruments is subject to 12 months ECL or Life-time ECL, the Company assesses whether there has been a significant increase in
credit risk since initial recognition. The Company considers the credit risk to be directly proportional to the delinquency status i.e.
days past due of the loan under consideration. No further adjustments are made in the PD.

When estimating ECLs on a collective basis for a group of similar assets the Company applies the same principles for assessing whether
there has been a significant increase in credit risk since initial recognition.

The loss rates are based on actual credit loss experience over past years. These loss rates are then adjusted appropriately to reflect
differences between current and historical economic conditions and the Company''s view of economic conditions over the expected
lives of the loan receivables.

Cash and bank balances

The Company held cash and cash equivalents with credit worthy banks and financial institutions as at the reporting dates which has
been measured on the 12-month expected loss basis. The credit worthiness of such banks and financial institutions are evaluated by
the management on an ongoing basis and is considered to be good with low credit risk.

Investments

Investments comprises of mutual funds and government securities in accordance with the investment policy. Government securities
have sovereign rating and mutual fund investments are made with counterparties with low credit risk. The credit worthiness is of
these counterparties are evaluated on an ongoing basis.

Other Financial Assets

Other financial assets constitute of security deposits and other receivables. The Company does not expect any losses from non¬
performance by these counter-parties.

B Market risk

Market Risk is the possibility of loss arising from changes in the value of a financial instrument as a result of changes in market
variables such as interest rates. The company''s exposure to market risk is a function of asset liability management and interest rate
sensitivity assessment.The company is exposed to interest rate risk and liquidity risk, if the same is not managed properly.The company
continuously monitors these risks and manages them through appropriate risk limits. The Asset Liability Management Committee
(ALCO) reviews market-related trends and risks and adopts various strategies related to assets and liabilities, in line with the company''s
risk management framework. ALCO activities are in turn monitored and reviewed by a board sub-committee. In addition, the company
has put in an Asset Liability Management (ALM) support group which meets frequently to review the liquidity position of the company.

Interest rate risk

Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates.

The Company is subject to interest rate risk, principally because it lends to clients at fixed interest rates and for periods that may
differ from its funding sources, while the Company''s borrowings are at both fixed and variable interest rates for different periods. The
Company assesses and manages its interest rate risk by managing its assets and liabilities. The Company''s Asset Liability Management
Committee evaluates asset liability management, and ensures that all significant mismatches, if any, are being managed appropriately.

The sensitivity analysis above has been determined for borrowings where interest rates are variable. A 100 basis points increase
or decrease in interest rates is used when reporting interest rate risk internally to key management personnel and represents
management''s assessment of the reasonably possible change in interest rates.

C Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities
that are settled by delivering cash or another financial asset. The Company is bound to comply with the Asset Liability Management
guidelines issued by Reserve Bank of India. The Company has Asset Liability Management policy approved by the board and has
constituted Asset Liability Committee to oversee the liquidity risk management function of the Company. The Company''s approach
to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under
both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

The Company''s principal sources of liquidity are borrowings, cash and cash equivalents and the cash flow that is generated from
operations. The Company believes that the working capital is sufficient to meet its current requirements. Accordingly, no liquidity risk
is perceived.

(f) Institutional set-up for liquidity risk management

The Company’s Board of Directors has the overall responsibility for the establishment and oversight of the risk management framework.
The Board of Directors has established the Risk Management Committee (RMC) and the Asset and Liability Management Committee
(ALCO). The position of all perceived risks is periodically put up to the RMC which critically evaluates the same and provides
operational and policy guidance to the Company which paves way for an effective risk management so as to safeguard the interest of
the Company.ALCO manages the liquidity and interest rate risk in a dynamic situation by measuring, monitoring and taking appropriate
steps.ALCO is responsible for putting in place a comprehensive and dynamic framework to measure, monitor and manage the liquidity
and interest rate taking into account the rates in financial system by closely integrating it with the business strategy of the Company.

48 With respect to the Co-lending and Business Correspondence partnership, the Company has given corporate guarantee of 2,180.59
lakhs as on March 31,2025.

49 With regard to the new amendments under "Division III of Schedule III" under "Part ii-Statement of
Profit and Loss-General Instructions for preparation of Statement of Profit and Loss:

i No proceedings have been initiated or pending against the Company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 and rules made thereunder, as at March 31,2025 and March 31,2024.

ii The Company does not have any transactions with the companies struck off under section 248 of Companies Act, 2013 or section
560 of Companies Act, 1956 during the year ended March 31,2025 and March 31,2024.

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

iv The Company has not traded or invested in Crypto currency or Virtual Currency during the year ended March 31,2025 and March
31,2024.

v The Company is not a declared wilful defaulter by any bank or financial Institution or other lender, in accordance with the guidelines
on wilful defaulters issued by the Reserve Bank of India, during the year ended March 31,2025 and March 31,2024.

vi There have been no transactions which have not been recorded in the books of accounts, that have been surrendered or disclosed
as income during the year ended March 31,2025 and March 31,2024, in the tax assessments under the Income Tax Act, 1961. There
have been no previously unrecorded income and related assets which were to be properly recorded in the books of account during
the year ended March 31,2025 and March 31,2024.

vll 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

viii The Company have not received any fund from any person or entity, including foreign entity (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

ix The Company has working capital limits from banks on the basis of security of fixed deposits kept as margin money with banks and
as these sanctioned working capital limits is against the margin money with banks, accordingly the Company is not required to file any
quarterly returns or statements with such banks.

x The Company has taken borrowings from banks and financial institutions and utilised them for the specific purpose for which they
were taken as at the Balance sheet date. Unutilised funds as at March 31,2025 are held by the Company in the form of deposits till
the time the utilisation is made subsequently.

50 Event after reporting period:

There is no matter after the balance sheet data which are required to be disclosed in the standalone financial statement.

51 The figures for the previous year have been regrouped / reclassified, wherever necessary, to make them comparable to current period.

52 The standalone financial statements were approved for issue by the Board of Directors on May 28, 2025.

As per our report of even date For and on behalf of the Board of Directors of MONEYBOXX FINANCE LIMITED

For Gaur & Associates Mayur Modi Deepak Aggarwal

Chartered Accountants Whole-time Director Whole-time Director

Firm Registration No.: 005354C DIN:08021679 DIN:03140334

S.K. Gupta Govind Gupta Lalit Sharma

Partner Director Company Secretary

Membership No.: 016746 DIN:00065603 M. No: A24111

Place: New Delhi Place: New Delhi

Date: 28-May-25 Date: 28-May-25

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Mar 31, 2024

I. Provisions, Contingent Liabilities and Contingent Assets

A provision is recognized when the Company has a present obligation as a result of past event; 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 of the amount of obligation. Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligation at the reporting date. These are reviewed at each reporting date and adjusted to reflect the current best estimates.

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 recognized 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 recognized because it cannot be measured reliably. The Company does not recognize a contingent liability but discloses its existence in the financial statements.Where there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

Contingent assets are not recognised in the financial statements if the inflow of the economic benefit is probable than it is disclosed in the financial statements.

With respect to the Co-lending and Business Correspondence partnership, the Company has given corporate guarantee of '' 3,001.94 lakhs as on March 31,2024.

|. Revenue recognition

i. Interest income

Interest income is recognised by applying the Effective Interest Rate (EIR) to the gross carrying amount of financial assets measured at amortised cost other than credit-impaired assets and financial assets classified as measured at FVTPL.

The EIR in case of a financial asset is computed

- As 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.

- By considering all the contractual terms of the financial instrument in estimating the cash flows.

- Including all fees received between parties to the contract that are an integral part of the effective interest rate, transaction costs, and all other premiums or discounts.

Any subsequent changes in the estimation of the future cash flows is recognised in interest income with the corresponding adjustment to the carrying amount of the assets.

Interest income on credit impaired assets is recognised by applying the effective interest rate to the net amortised cost (net of ECL provision) of the financial asset.

Interest on delayed payments by customers are treated to accrue only on realisation, due to uncertainty of realisation and are accounted accordingly.

Interest spread under par structure of direct assignment of loan receivables is recognised upfront. On derecognition of the loan receivables in its entirety, the difference between the carrying amount (measured at the date of derecognition) and the consideration received (including any new asset obtained less any new liability assumed) shall be recognised upfront in the Statement of Profit and Loss.

ii. Fees & commission income

Fees and commissions are recognised when the Company satisfies the performance obligation, at the amount of transaction price (net of variable consideration) allocated to that performance obligation based on a five-step model as set out below, unless included in the effective interest calculation:

Step 1: Identify contract(s) with a customer: A contract is defined as an agreement between two or more parties that creates enforceable rights and obligations and sets out the criteria for every contract that must be met.

Step 2: Identify performance obligations in the contract: A performance obligation is a promise in a contract with a customer to transfer a good or service to the customer.

Step 3: Determine the transaction price:The transaction price is the amount of consideration to which the Company expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties.

Step 4:Allocate the transaction price to the performance obligations in the contract: For a contract that has more than one performance obligation, the Company allocates the transaction price to each performance obligation in an amount that depicts the amount of consideration to which the Company expects to be entitled in exchange for satisfying each performance obligation.

Step 5: Recognise revenue when (or as) the Company satisfies a performance obligation.

iii. Net gain/loss on fair value changes

Any differences between the fair values of financial assets classified as fair value through the profit or loss, held by the Company on the balance sheet date is recognised as an unrealised gain/loss. In cases there is a net gain in the aggregate, the same is recognised in ‘Net gains on fair value changes'' under Revenue from operations and if there is a net loss the same is disclosed under ‘Expenses'' in the Statement of Profit and Loss.

Similarly, any realised gain or loss on sale of financial instruments measured at FVTPL and debt or equity instruments measured at FVOCI is recognised in net gain / loss on fair value changes. As at the reporting date, the Company does not have any debt instruments measured at FVOCI.

K. Retirement and other employee benefits Short term employee benefit

All employee benefits payable wholly within twelve months of rendering the service are classified as short-term employee benefits. These benefits include short term compensated absences such as paid annual leave. The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employees is recognised as an expense during the period. Benefits such as salaries and wages, etc. and the expected cost of the bonus/ ex-gratia are recognized in the period in which the employee renders the related service.

Post-employment employee benefits

i. Defined contribution schemes

All the employees of the Company are entitled to receive benefits under the Provident Fund and Employees State Insurance scheme, defined contribution plans in which both the employee and the Company contribute monthly at a stipulated rate.The Company has no liability for future benefits other than its annual contribution and recognises such contributions as an expense in the period in which employee renders the related service. If the contribution payable to the scheme for service received before the Balance Sheet date exceeds the contribution already paid, the deficit payable to the scheme is recognised as a liability after deducting the contribution already paid. If the contribution already paid exceeds the contribution due for services received before the Balance Sheet date, then excess is recognised as an asset to the extent that the pre-payment will lead to, for example, a reduction in future payment or a cash refund.

ii. Defined benefit plan

The Company provides for the gratuity, a defined benefit retirement plan covering all employees.The plan provides for lump sum payments to employees upon death while in employment or on separation from employment after serving for the stipulated years mentioned under ‘The Payment of Gratuity Act, 1972''. The present value of the obligation under such defined benefit plan is determined based on actuarial valuation, carried out by an independent actuary at each Balance Sheet date, using the Projected Unit Credit Method, which recognises each period of service as giving rise to an additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation.

The obligation is measured at the present value of the estimated future cash flows. The discount rates used for determining the present value of the obligation under defined benefit plan are based on the market yields on Government Securities as at the Balance Sheet date.

Net interest recognised in profit or loss is calculated by applying the discount rate used to measure the defined benefit obligation to the net defined benefit liability or asset.The actual return on the plan assets above or below the discount rate is recognised as part of re-measurement of net defined liability or asset through other comprehensive income. An actuarial valuation involves making various assumptions that may differ from actual developments in the future. These include the determination of the discount rate, attrition rate, future salary increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature, these liabilities are highly sensitive to changes in these assumptions. All assumptions are reviewed annually.

Re-measurement, comprising of actuarial gains and losses and the return on plan assets (excluding amounts included in net interest on the net defined benefit liability), are recognised immediately in the balance sheet with a corresponding debit or credit to retained earnings through OCI in the period in which they occur. Re-measurements are not reclassified to the statement of profit and loss in subsequent periods.

Employee stock options

Eligible employees in terms of the Employees Stock Options Scheme of the Company receive remuneration in the form of share-based payments, whereby employees render services as consideration for equity instruments (equity-settled transactions).

The cost of equity-settled transactions is determined by the fair value at the date when the grant is made using an appropriate valuation model.

That cost is recognised, together with a corresponding increase in Share Option Outstanding Reserves in equity, over the period in which the performance and / or service conditions are fulfilled in employee benefits expense/ vesting period.The cumulative expense recognised for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Company’s best estimate of the number of equity instruments that will ultimately vest.

The Statement of Profit and Loss expense or credit for a period represents the movement in cumulative expense recognised as at the beginning and end of that period and

is recognised in employee benefits expense. No expense is recognised for awards that do not ultimately vest.

L. Leases

The Company has adopted Ind-AS 116 - Leases and applied it to all lease contracts entered. Based on the same and as permitted under the specific transitional provisions in the standard, the Company is not required to restate the comparative figures.

All leases are accounted for by recognizing a right-of-use asset and a lease liability except for:

- Leases of low value assets; and

- Leases with a duration of 12 months or less

The following policies applied-

Lease liabilities are measured at the present value of the contractual payments due to the lessor over the lease term, with the discount rate determined by reference to the rate inherent in the lease unless (as is typically the case) this is not readily determinable, in which case the Company’s incremental borrowing rate on commencement of the lease is used. Variable lease payments are only included in the measurement of the lease liability if they depend on an index or rate. In such cases, the initial measurement of the lease liability assumes the variable element will remain unchanged throughout the lease term. Other variable lease payments are expensed in the period to which they relate.

Right-of-use assets are initially measured at the amount of the lease liability, reduced for any lease incentives received, and increased for:

- initial direct costs incurred; and

- the amount of any provision recognized where the Company is contractually required to dismantle,

Subsequent to initial measurement lease liabilities increase as a result of interest charged at a constant rate on the balance outstanding and are reduced for lease payments made. Right-of-use assets are amortized on a straight-line basis over the remaining term of the lease or over the remaining economic life of the asset if, rarely, this is judged to be shorter than the lease term.

M. Goods and services tax paid on acquisition of assets or on incurring expenses.

Expenses and assets are recognized net of the goods and services tax paid, except when the tax incurred on a purchase of assets or services is not recoverable from the tax authority, in which case, the tax paid is recognized as part of the cost

of acquisition of the asset or as part of the expense item, as applicable.

The net amount of tax recoverable from, or payable to, the tax authority is included as part of receivables or payables, respectively, in the balance sheet.

Further being an NBFC Company, the Company has followed the policy to availed only 50% input credit of GST on all expenses as well as on Capital Goods Purchased and the remaining 50% will be lapsed as per Rule No. 3 of ITC of GST.

N. Income tax

i. Current tax

Current tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income Tax Act, 1961 in respect of taxable income for the year and any adjustment to the tax payable or receivable in respect of previous years.

ii. Deferred tax

Deferred tax is provided on temporary differences at the reporting date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

O. Earnings Per Share

The Company reports basic and diluted earnings per equity share as per Ind-AS 33. Basic earnings per equity share have been computed by dividing net profit / loss attributable to the equity shareholders for the year by the weighted average number of equity shares outstanding during the year. Diluted earnings per equity share have been computed by dividing the net profit attributable to the equity shareholders after giving impact of dilutive potential equity shares for the year by the weighted average number of equity shares and dilutive potential equity shares outstanding during the year, except where the results are anti-dilutive.

P. Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker.The Company''s primary business segments are reflected based on the principal business carried out, i.e. lending activities as Non-Banking Finance Company (NBFC) regulated by the Reserve Bank of India (''RBI'').The risk and returns of the business of the Company is not associated with geographical segmentation, hence there is no secondary segment.

Q. Cash Flow Statement

Cash flows are reported using the indirect method, whereby net profit after tax is adjusted for the effects of transactions of non-cash nature, tax and any deferrals or accruals of past or future cash receipts or payments. The cash flows are prepared for the operating, investing and financing activities of the Company.

Cash comprises of cash on hand and demand deposits with banks. Cash equivalents are short-term deposits with banks (with an original maturity of three months or less from the date of placement) and cheques on hand. Short term and liquid investments being subject to more than insignificant risk of change in value, are not included as part of cash and cash equivalents.

R. Investments in subsidiaries

Investments in subsidiaries are carried at cost less accumulated impairment losses, if any. Where an indication of impairment exists, the carrying amount of the investment is assessed and written down immediately to its recoverable amount. On disposal of investments in subsidiaries and joint venture, the difference between net disposal proceeds and the carrying amounts are recognised in the statement of profit and loss.

S. Commitments

Commitments are future liabilities for contractual expenditure, classified and disclosed as follows:

i. Estimated amount of contracts remaining to be executed on capital account and not provided for;

ii. Uncalled liability on shares and other investments partly paid;

iii. Funding related commitment to associate; and

iv. Other non-cancellable commitments, if any, to the extent they are considered material and relevant in the opinion of management.

v. Other commitments related to sales/procurements made in the normal course of business are not disclosed to avoid excessive details.

vi. Commitments under Loan agreement to disburse Loans.

vii. Lease agreements entered but not executed.

(a) (i) Loans from banks and others are secured by pari passu charge on the receivables of the Company through Security Trustee and

personal guarantee of the whole time directors.

(ii) Vehicle loan is secured by charge on the vehicle.

(iii) Borrowing under securitization represents amounts received in respect of securitisation transactions (net of repayments and investment therein) as these transactions do not meet the derecognition criteria specified under Ind AS.

(b) Terms of repayment of borrowings and rate of interest:

As per terms of agreements, loans from banks aggregating '' 13,322.92 lakh (March 31,2023 : '' 5,700.02 lakh) are repayable at maturity ranging between 24 and 48 months from the date of respective loan. Rate of interest payable on term loans varies between 10.50% to 13.25% (March 31,2023 : 10.70% to 14.00%).

As per terms of agreements, loans from others aggregating '' 17,480.64 lakh (March 31, 2023 : '' 15,421.31 lakh) are repayable at maturity ranging between 12 and 42 months from the date of respective loan. Rate of interest payable on term loans varies between 11.30% to 15.50%. (March 31,2023 : 11.30% to 16.00%).

(c) The Company has not defaulted in the repayment of borrowings (other than debt securities) and interest thereon for the year ended March 31,2024 and March 31,2023.

38 Segment reporting

The Company operates in a single business segment i.e. financing, as the nature of the loans are exposed to similar risk and return profiles, hence they are collectively operating under a single segment as per Ind AS 108 on ‘Operating Segments''.The Company operates in a single geographical segment i.e. domestic, hence there is no external revenue or assets which require disclosure.

39 Transfers of financial assets

In the ordinary course of business, the Company enters into transactions that result in the transfer of financial assets. In accordance with the accounting policy set out in Note 2, the transferred financial assets continue to be recognised or derecognised as per the conditions specified in Ind AS.

Securitisation

During the year, the Company has entered into securitization arrangement with two party. Under such arrangement, the Company has transferred a pool of loan portfolio, which does not fulfil the derecognition criteria specified under Ind AS 109 as the risk and rewards with respect to these assets are not substantially transferred.

Level 2 - The fair value of financial instruments that are not traded in an active market are determined using valuation techniques which maximize the use of observable market data (either directly as prices or indirectly derived from prices) 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. This is the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3.

The financial instruments included in Level 2 of fair value hierarchy have been valued using quotes available for similar assets and liabilities in the active market. The investments included in Level 3 of fair value hierarchy have been valued using the cost approach to arrive at their fair value. The cost of unquoted investments approximate the fair value because there is a range of possible fair value measurements and the cost represents estimate of fair value within that range.

The following table summarizes financial assets and liabilities measured at fair value on a recurring basis and financial assets that are not measured at fair value on a recurring basis (but fair value disclosure is required):-

42 Capital

The Company maintains an actively managed capital base to cover risks inherent in the business and is meeting the capital adequacy requirements of the regulator, RBI. The adequacy of the Company’s capital is monitored using, among other measures, the regulations issued by RBI.

The Company has complied in full with all its externally imposed capital requirements over the reported period. Equity share capital and other equity are considered for the purpose of Company’s capital management.

i Capital management

The primary objectives of the Company’s capital management policy are to ensure that the Company complies with externally imposed capital requirements and maintains strong credit ratings and healthy capital ratios in order to support its business and to maximise shareholder value.

The funding requirements are met through equity, non-convertible debentures and other long-term/ short-term borrowings. The Company’s policy is aimed at appropriate combination of short-term and long-term borrowings. The Company manages its capital structure and makes adjustments to it according to changes in economic conditions and the risk characteristics of its activities. No changes have been made to the objectives, policies and processes from the previous years. However, they are under constant review by the Board.

ii Regulatory capital

The Company''s regulatory capital consists of the sum of the following elements :

- Tier 1 capital, which includes ordinary share capital, retained earnings,perpetual debt and reserves and deduction for intangible assets,deferred tax asset and other regulatory adjustments relating to items that are not included in equity but are treated differently for capital adequacy purposes.

- Tier 2 capital, which includes qualifying subordinated liabilities and impairment provision in respect of Stage I assets.

43 Financial risk management

Risk is an integral part of the Company''s business and sound risk management is critical to the success. As a financial intermediary, the Company is exposed to risks that are particular to its lending and the environment within which it operates and primarily includes credit, liquidity and market risks. The Company has a risk management policy which covers risks associated with the financial assets and liabilities.

The Company has identified and implemented comprehensive policies and procedures to assess, monitor and manage risk throughout the Company. The risk management process is continuously reviewed, improved and adapted in the context of changing risk scenario and the agility of the risk management process is monitored and reviewed for its appropriateness in the changing risk landscape. The process of continuous evaluation of risks includes taking stock of the risk landscape on an event-driven basis.

The Company has an elaborate process for risk management. Major risks identified by the businesses and functions are systematically addressed through mitigating actions on a continuing basis.

A Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company''s asset on finance.

The carrying amounts of financial assets represent the maximum credit risk exposure.

Credit risk management

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including the default risk associated with the industry. A financial asset is ‘credit-impaired'' when one or more events that have a detrimental impact on the estimated future cash flows of the financial asset have occurred. Evidence that a financial asset is credit-impaired includes the following observable data:

- a breach of contract such as a default or past due event;

- when a borrower becomes more than 90 days past due in its contractual payments;

The Risk team has established credit policies for various lending products under which each new customer is analyzed individually for credit worthiness before the Company''s standard payment and delivery terms and conditions are offered.

Impairment assessment - Expected credit loss ("ECL"):

An impairment analysis is performed at each reporting date based on the facts and circumstances existing on that date to identify expected losses on account of time value of money and credit risk. For the purposes of this analysis, the loan receivables are categorised into groups based on days past due. Each group is then assessed for impairment using the Expected Credit Loss (ECL) model as per the provisions of Ind AS 109 - financial instruments. The Company''s impairment assessment and measurement approach is set out in this report. It should be read in conjunction with the Summary of significant accounting policies.

i Probability of default ("PD")

PD is defined as the probability of whether borrowers will default on their obligations in the future. Historical PD is derived from the internal data which is calibrated with forward looking macroeconomic factors.

The PDs derived from the model, are the cumulative PDs, stating that the borrower can default in any of the given years, however to compute the loss for any given year, these cumulative PDs have to be converted to marginal PDs. Marginal PDs is probability that the obligor will default in a given year, conditional on it having survived till the end of the previous year.

Staging of loans:

The Company considers a financial instrument defaulted and therefore Stage 3 (credit-impaired) for ECL calculations in all cases when the loan has remained overdue for a period greater than 90 days.

As per Ind AS 109, Company assesses whether there is a significant increase in credit risk at the reporting date from the initial recognition. The Company considers the credit risk to be directly proportional to the delinquency status i.e. days past due of the loan under consideration. No further adjustments are made in the PD.

ii Loss given default ("LGD")

The credit risk assessment is based on a standardised loss given default (LGD) assessment framework that results in a certain LGD rate. These LGD rates take into account the expected EAD in comparison to the amount expected to be recovered or realised from any collateral held.The Company segments its retail lending products into smaller homogeneous portfolios, based on key characteristics that are relevant to the estimation of future cash flows.

Further recent data and forward-looking economic scenarios are used in order to determine the LGD rate for each of the homogeneous portfolios. When assessing forward-looking information, the expectation is based on multiple scenarios. Under Ind AS 109, LGD rates are estimated for each of the homogeneous portfolios. The inputs for these LGD rates are estimated and, where possible, calibrated through back testing against recent recoveries. These are repeated for each economic scenario as appropriate.

iii Exposure at default ("EAD")

The exposure at default (EAD) represents the gross carrying amount of the financial instruments subject to the impairment calculation, addressing both the client''s ability to increase its exposure while approaching default and potential early repayments too.

The Company determines EADs by modelling the range of possible exposure outcomes at various points in time, corresponding the multiple scenarios. The Ind AS 109 PDs are then assigned to each economic scenario based on the outcome of models.

iv Discount factor ("D")

As per Ind AS 109, ECL is computed by estimating the timing of the expected credit shortfalls associated with the defaults and discounting them using EIR.

Significant increase in credit risk

The Company continuously monitors all assets subject to ECLs. In order to determine whether an instrument or a portfolio of instruments is subject to 12 months ECL or Life-time ECL, the Company assesses whether there has been a significant increase in credit risk since initial recognition. The Company considers the credit risk to be directly proportional to the delinquency status i.e. days past due of the loan under consideration. No further adjustments are made in the PD.

When estimating ECLs on a collective basis for a group of similar assets the Company applies the same principles for assessing whether there has been a significant increase in credit risk since initial recognition.

Cash and bank balances

The Company held cash and cash equivalents with credit worthy banks and financial institutions as at the reporting dates which has been measured on the 12-month expected loss basis. The credit worthiness of such banks and financial institutions are evaluated by the management on an ongoing basis and is considered to be good with low credit risk.

Investments

Investments comprises of mutual funds and government securities in accordance with the investment policy. Government securitites have sovereign rating and mutual fund investments are made with counterparties with low credit risk. The credit worthiness is of these counterparties are evaluated on an ongoing basis.

Other Financial Assets

Other financial assets constitute of security deposits and other receivables. The Company does not expect any losses from nonperformance by these counter-parties.

B Market risk

Market Risk is the possibility of loss arising from changes in the value of a financial instrument as a result of changes in market variables such as interest rates. The company’s exposure to market risk is a function of asset liability management and interest rate sensitivity assessment.The company is exposed to interest rate risk and liquidity risk, if the same is not managed properly.The company continuously monitors these risks and manages them through appropriate risk limits. The Asset Liability Management Committee (ALCO) reviews market-related trends and risks and adopts various strategies related to assets and liabilities, in line with the company’s risk management framework.ALCO activities are in turn monitored and reviewed by a board sub-committee. In addition, the company has put in an Asset Liability Management (ALM) support group which meets frequently to review the liquidity position of the company.

Interest rate risk

Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates.

The Company is subject to interest rate risk, principally because it lends to clients at fixed interest rates and for periods that may differ from its funding sources, while the Company''s borrowings are at both fixed and variable interest rates for different periods.The Company assesses and manages its interest rate risk by managing its assets and liabilities. The Company''s Asset Liability Management Committee evaluates asset liability management, and ensures that all significant mismatches, if any, are being managed appropriately.

C Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company is bound to comply with the Asset Liability Management guidelines issued by Reserve Bank of India. The Company has Asset Liability Management policy approved by the board and has constituted Asset Liability Committee to oversee the liquidity risk management function of the Company. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

The Company''s principal sources of liquidity are borrowings, cash and cash equivalents and the cash flow that is generated from operations. The Company believes that the working capital is sufficient to meet its current requirements. Accordingly, no liquidity risk is perceived.

(f) Institutional set-up for liquidity risk management

The Company’s Board of Directors has the overall responsibility for the establishment and oversight of the risk management framework. The Board of Directors has established the Risk Management Committee (RMC) and the Asset and Liability Management Committee (ALCO). The position of all perceived risks is periodically put up to the RMC which critically evaluates the same and provides operational and policy guidance to the Company which paves way for an effective risk management so as to safeguard the interest of the Company.ALCO manages the liquidity and interest rate risk in a dynamic situation by measuring, monitoring and taking appropriate steps.ALCO is responsible for putting in place a comprehensive and dynamic framework to measure, monitor and manage the liquidity and interest rate taking into account the rates in financial system by closely integrating it with the business strategy of the Company.

48 With regard to the new amendments under "Division III of Schedule III" under "Part Il-Statement of Profit and Loss-General Instructions for preparation of Statement of Profit and Loss:

i No proceedings have been initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder, as at March 31,2024 and March 31,2023.

ii The Company does not have any transactions with the companies struck off under section 248 of Companies Act, 2013 or section 560 of Companies Act, 1956 during the year ended March 31,2024 and March 31,2023.

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

iv The Company has not traded or invested in Crypto currency or Virtual Currency during the year ended March 31,2024 and March 31,2023

v The Company is not a declared wilful defaulter by any bank or financial Institution or other lender, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India, during the year ended March 31,2024 and March 31,2023.

vi There have been no transactions which have not been recorded in the books of accounts, that have been surrendered or disclosed as income during the year ended March 31,2024 and March 31,2023, in the tax assessments under the Income Tax Act, 1961. There have been no previously unrecorded income and related assets which were to be properly recorded in the books of account during the year ended March 31,2024 and March 31,2023.

vii 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

viii The Company have not received any fund from any person or entity, including foreign entity (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

ix The Company has working capital limits from banks on the basis of security of fixed deposits kept as margin money with banks and as these sanctioned working capital limits is against the margin money with banks, accordingly the Company is not required to file any quarterly returns or statements with such banks.

x The Company has taken borrowings from banks and financial institutions and utilised them for the specific purpose for which they were taken as at the Balance sheet date. Unutilised funds as at March 31,2024 are held by the Company in the form of deposits till the time the utilisation is made subsequently.

49 Event after reporting period:

There is no matter after the balance sheet data which are required to be disclosed in the standalone financial statement.

50 The figures for the previous year have been regrouped / reclassified, wherever necessary, to make them comparable to current period.

51 The financial statements were approved for issue by the Board of Directors on May 17, 2024.

As per our report of even date For and on behalf of the Board of Directors of Moneyboxx Finance Limited

For Gaur & Associates Mayur Modi Deepak Aggarwal

Chartered Accountants Whole-time Director Whole-time Director & CFO

Firm Registration No.: 005354C DIN:08021679 DIN:03140334

Satish Kumar Gupta Govind Gupta Semant Juneja

Partner Director Company Secretary

Membership No.: 016746 DIN:00065603 M. No:A4754l

Place : Gurugram Place : Gurugram

Date : l7-May-24 Date : l7-May-24

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Mar 31, 2023

Note No. 33

The Previous year figure have been reworked, regrouped, rearranged, and reclassified wherever necessary. Accordingly, amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

Note No. 34

During the year, the company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date.

Note No. 35 Additional Regulatory Information

i. The company does not hold any immovable property where title deeds are not held in name of the Company.

ii. No investment property is held by the company as at Balance sheet date.

iii. No Property, Plant and Equipment is revalued by company during the year.

iv. No Intangible asset is revalued by company during the year.

v. No Loans or Advances are granted to promoters, directors, KMPs and the related parties during the year.

vi. The company does not hold any benami property at any point of time during the year & hence no proceedings have been initiated or pending in this respect against the company.

vii. Quarterly returns or statement of current assets filed by the company with Banks & Financial Institutions w.r.t borrowings taken are in agreement with the books of accounts. Further, there is no discrepancy during the year.

viii. The company is not a wilful defaulter declared by any bank or financial institution or any lender.

ix. The company has no transactions with any company whose name has been struck off under section 248 of Companies act,20l3 or Section 560 of Companies act,l956.

x. Filings w.r.t registration of charges and satisfaction of same have been filed within due statutory time limits. Also, no filings are yet to be filed with ROC beyond the statutory period.

xi. The Company have not traded or invested in crypto currency or virtual currency during the financial year.

xii. Section 2(87) of the Companies Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable to company.

xiii. The company has not entered into any arrangements in terms of section 230 to 237 of Companies act ,2013.

xiv. The Company has not paid /received any fund from/to any other person or entity with the understanding that the Intermediary or 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/funding party (Ultimate Beneficiaries)

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

xv. The company have not any such transactions 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 I96l(such as, search or survey or any other relevant provisions of the Income Tax Act,1961).

xvi. Pursuant to RBI circular dated November 12, 2021, “Prudential norms on Income Recognition, Asset classification and provisioning pertaining to Advances -clarifications,” the company has taken necessary steps and complied with the provisions of the circular for regulatory reporting, as applicable. The financial Statements for they year ended March 31,2023, are prepared in accordance with the applicable IND-AS guidelines and the RBI Circular dated March 13,2020- “Implementation of Indian Accounting Standards”.

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Mar 31, 2018

1. Corporate Information

The company was incorporated initially as Dhanuka Commercial Pvt. Ltd. at Kolkata, West Bengal on 16th day of November 1994 under the Companies Act 1956. Later, the company shifted its registered office to Delhi pursuant to a special resolution passed by the members of our company at the EGM held on August 11, 2012. An order from the Regional director for change of state consequent to change of registered office from West Bengal to Delhi was issued on October 10, 2013 by the Regional Director ,Eastern Region, Kolkata. Subsequently ,the company became a public limited company pursuant to special resolution passed by the members of our company at the EGM held on January 27, 2014. A fresh certificate of incorporation consequent to conversion to a public limited company was issued on February 13, 2014 by the Registrar of Companies ,Delhi. The company''s Corporate Identity Number is L30007DL1994PLC260191 and its Registered office is situated at 255, Aggarwal City Plaza, Manglam Place, Rohini, Sector-3, Delhi-110085.

The Company was registered with Reserve Bank of India to carry on NBFC Activities under Section 45IA of Reserve Bank of India Act, 1934 bearing Registration No.-B.14.03301 dated 22.05.2014.

Notes:2

(i) There has been no movement in the Issued, Subscribed and Paid-up capital of the Company.

(ii) Terms/Rights attached to equity shares

(iii) The Company has only one class of equity share having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share and entitled to dividends approved by shareholders.

(iv) In the event of liquidation of the company, the holders of equity share 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 each shareholder

On the basis of records available with the company, there exists no over dues to micro & small enterprises in terms of Micro, Small & Medium enterprises Development Act, 2006(MSMED Act).

Note 3

AS-17: Segment Reporting

Based on the guiding principles given in AS - 17 ''Segmental Reporting'' notified under Companies (Accounting Standard) Rules, 2006, the Company is engaged in the business of Non-Banking Financial activities mainly Trading in securities and providing loans. As the main revenue comes only from NBFC activity so that the segment reporting is not required.

^ABasic earning per equity share has been computed by dividing net profit after tax by the weighted average number of equity shares outstanding during the period. There are no potential equity shares outstanding and as such the Diluted earning per share is same as basic earning per share.

Note 4

AS-2: Valuation of Inventories

In accordance with Accounting Standard-2 on Valuation of Inventories, As Certified the management of the Company, the Company has the policy of valuing the stock on First-in-First out (FIFO) method and the same has been regaulary employed by the Company in preparation & presentation of Financial statements.

Note 5

In the opinion of Directors:

(i) The Current Assets and Loans and Advances are approx of the value stated, if realized in the ordinary course of business.

(ii) The Provision for depreciation and all known liabilities is adequate and is not excess of the amount reasonably necessary.

(iii) No Personal expenses have been charged to revenue account other than expenses under Service Contract Obligation and/ or accepted business practice.

Note 6

The Previous year figure have been reworked, regrouped, rearranged and reclassified wherever necessary. Accordingly, amounts and other disclosure for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

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Mar 31, 2015

Note 1

Corporate Information

The company was incorporated initially as Dhanuka Commercial Pvt. Ltd. at Kolkata,West Bengal on 16th day of November 1994 under the Companies Act 1956. Later, the company shifted its registered office to Delhi pursuant to a special resolution passed by the members of our company at the EGM held on August 11, 2012. An order from the Regional director for change of state consequent to change of registered office from West Bengal to Delhi was issued on October 10,2013 by the Regional Director ,Eastern Region, Kolkata. Subsequently ,the company became a public limited company pursuant to special resolution passed by the members of our company at the EGM held on January 27,2014. A fresh certificate of incorporation consequent to conversion to a public limited company was issued on February 13,2014 by the Registrar of Companies ,Delhi. The company's Corporate Identity Number is L30007DL1994PLC260191 and its Registered office is situated at 61 ,Vats Market ,Near Shiva Market ,Pitam Pura ,Delhi-110034. Earlier, the company was registered with Reserve Bank of India ,Kolkata to carry on NBFC activities under section 45-IA of the Reserve Bank of India Act,1934 bearing Registration No.B.05.05269 dated 28.01.2003. Subsequently, a fresh NBFC certificate consequent to change of registered office was issued by RBI, New Delhi bearing Registration No.-B.14.03301 dated 22.05.2014.

Note 2

Total amount of Secured Car Loan Sanctioned from HDFC Bank is Rs.10,00,000.00/- against which Rs.9,51,934.02/-(Previous year - Rs. NIL/-) is outstanding at year end and is secured against hypothecation of vehicle. The rate of interest charged is 10.00% p.a. (Previous year - NIL p.a.) and is repayable in equal monthly instalments of Rs.32,268.00/-including the amount of interest due thereon.

On the basis of records available with the company, there exists no over dues to micro & small enterprises in terms of Micro, Small & Medium enterprises Development Act,2006(MSMED Act).

Note 3

Related Party Disclosure

As per Accounting Standard-18 on "Related Party Disclosures", related parties of the Company are disclosed below:

A. List of Related Parties:

Directors & their Relatives

* Mr. Mahesh Kumar Dhanuka : Managing Director

* Mr. Gopal Krishan Bansal : Director

* Mr. Sanjeev Mittal : Director

* Mr. Mukesh Bansal : Independent Director

* Mr. Surinder Kumar Bangia : Independent Director

* Ms. Rajni Garg : Independent Director

* Gopal Bansal & Sons HUF : Related Concern

* Ashok Kumar & Sons HUF : Related Concern

* Ashok Kumar Aggarwal : Relative

* Sunita Singla. : Relative

Key Management Personnel (KMP) & Relatives

* Ms. Geeta Goyal : Marketing Head

* Mr. Sunil Goel : Relationship Manager

* Mr. Sunil Jain : Compliance Officer

* Mr. Vinod Kumar Aggarwal : Chief Financial Officer

Note 4

AS-17: Segment Reporting

Based on the guiding principles given in AS - 17 'Segmental Reporting' notified under Companies (Accounting Standard) Rules, 2006, the Company is engaged in the business of Non-Banking Financial activities mainly Trading in securities and providing loans. As the main revenue comes only from NBFC activity so that the segment reporting is not required.

Note 5

AS-20 : Earning per Share

^Basic earning per equity share has been computed by dividing net profit after tax by the weighted average number of equity shares outstanding during the period. There are no potential equity shares outstanding and as such the Diluted earning per share is same as basic earning per share.

Note 6

Pursuant to Companies Act, 2013 ("the Act"), the management based on technical evaluation, has reassessed the useful life of the fixed assets. Consequently, In accordance with the Act, the carrying value of the fixed assessts as at 01st April, 2014 is depreciated over the revised residual life of the fixed assets and where the revised residual life of the fixed assets is NIL as at that date, the carrying value of the fixed assets, after retaining the residual value, has been adjusted to the Retained Earnings. Consequently, Retained Earnings has been reduced by Rs.17143/-.

Note 7

AS-2: Valuation of Inventories

In accordance with Accounting Standard-2 on Valuation of Inventories, As Certified the management of the Company, the Company has the policy of valuing the stock on First-in-First out(FIFO) method and the same has been regularly employed by the company in preparation & presentation of Financial statements.

Note 8

In the opinion of Directors:

(i) The Current Assets and Loans and Advances are approx of the value stated, if realized in the ordinary cource of business,

(ii) The Provision for depreciation and all known liabilities is adequate and is not excess of the amount reasonably necessary.

(iii) No Personal expenses have been charged to revenue account other than expenses under Service Contract Obligation and/ or accepted business practice.

Note 9

The Previous year figure have been reworked, regrouped, rearranged and reclassified wherever necessary. Accordingly, amounts and other disclosure for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

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Mar 31, 2014

Note 1

Corporate Information

The company was incorporated initially as Dhanuka Commercial Pvt. Ltd. at Kolkata,West Bengal on 16th day of November 1994 under the Companies Act 1956. Later, the company shifted its registered office to Delhi pursuant to a special resolution passed by the members of our company at the EGM held on August 11, 2012. An order from the Regional director for change of state consequent to change of registered office from West Bengal to Delhi was issued on October 10,2013 by the Regional Director ,Eastern Region, Kolkata. Subsequently ,the company became a public limited company pursuant to special resolution passed by the members of our company at the EGM held on January 27,2014. A fresh certificate of incorporation consequent to conversion to a public limited company was issued on February 13,2014 by the Registrar of Companies ,Delhi. The company''s Corporate Identity Number is U30007DL1994PLC260191 and its Registered office is situated at 61 ,Vats Market ,Near Shiva Market ,Pitam Pura ,Delhi-110034. Earlier, the company was registered with Reserve Bank of India ,Kolkata to carry on NBFC activities under section 45-IA of the Reserve Bank of India Act,1934 bearing Registration No.B.05.05269 dated 28.01.2003. Subsequently , a fresh NBFC certificate consequent to change of registered office was issued by RBI, New Delhi bearing Registration No.-B.14.03301 dated 22.05.2014.

Note 2

Related Party Disclosure

As per Accounting Standard-18 on "Related Party Disclosures", related parties of the Company are disclosed below: A. List of Related Parties:

Directors & their Relatives

--Mr. Mahesh Kumar Dhanuka : Managing Director

--Mr. Gopal Krishan Bansal : Director

--Mr. Sanjeev Mittal : Director

--Mr. Mukesh Bansal : Director

--Mr. Surinder Kumar Bangia : Additional Director

--Ms. Rajni Garg : Additional Director

--Gopal Bansal & Sons HUF : Related Concern

--Ashok Kumar & Sons HUF : Related Concern

--Ashok Kumar Aggarwal : Relative

--Sunita Singla. : Relative

Key Management Personnel (KMP) & Relatives --Ms. Geeta Goyal : Marketing Head

--Mr. Sunil Goel : Relationship Manager

--Mr. Sunil Jain : Compliance Officer

--Mr. Vinod Kumar Aggarwal : Chief Financial Officer

Note 3

AS-17: Segment Reporting

Based on the guiding principles given in AS - 17 ''Segmental Reporting'' notified under Companies (Accounting Standard) Rules, 2006, the Company is engaged in the business of Non-Banking Financial activities mainly Trading in securities and providing loans. As the main revenue comes only from NBFC activity so that the segment reporting is not required.

Note 4

AS-2: Valuation of Inventories

In accordance with Accounting Standard-2 on Valuation of Inventories , As Certified the management of tha Company, the Company has the policy of valuing the stock on First-in-First out(FIFO) method and the same has been regaulary employed by the company in preparation & presentation of Financial statements.

Note 5

In the opinion of Directors:

(i) The Current Assets and Loans and Advances are approx of the value stated, if realized in the ordinary cource of business,

(ii) The Provision for depreciateion and all known liabilities is adequate and is not excess of the amount reasonably necessary.

(iii) No Personal expenses have been charged to revenue account other than expenses under Service Contract Obligation and/ or accepted business practice.

Note 6

The Previous year figure have been reworked, regrouped, rearranged and reclassified wherever necessary. Accordingly, amounts and other disclosure for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.