Notes to Accounts of Nanavati Ventures Ltd.

Mar 31, 2025

Contingent Liabilities and Commitments: There is no Contingent Liabilities and Commitments for the reporting period.

6) Earnings per Share as required by Accounting Standard (AS - 20):

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

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

9) Details of dues to Micro & Small Enterprises under the Micro, Small & Medium Enterprise Development Act, 2006 is as under: NIL

10) There is no any Immovable Property owned by the Company of which Title Deed not held in name of the Company.

11) The Company has not revalued any of its Property, Plant & Equipment during the year.

12) The Company has not granted any Loans or Advances in the nature of loan to promoters, directors, KMPs and the

related parties either severally or jointly with any other person, that are repayable on demand or without specifying any terms or period of repayment.

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

14) The company is not declared as willful defaulter by any bank or financial Institution or other lender.

15) There is no Scheme of Arrangements approved by the Competent Authority in terms of Sections 230 to 237 of the

Companies Act, 2013.

16) The company has no such transaction which is not recorded in the books of accounts that has been surrendered or

disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.)

17) The company have not traded or invested in Crypto currency or Virtual Currency during the year.

18) The company does not have any transactions with companies struck off.

19) The company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory

period.

20) 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.

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

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

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

22) The Company has not declared any dividend during the financial year under review.

23) The provisions of Section 135 of the Companies Act, 2013 are not applicable to the Company, hence details regarding CSR activities are not provided.

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

25) Section 2(87) of the Companies Act, 2013 regarding number of layers of Companies is not applicable to the Company.

27) These financial statements are presented in Rupees and all values are rounded to the nearest thousand (Rupees ''000), except when otherwise indicated.

The accompanying notes are integral part of these financial statements