Notes to Accounts of Niks Technology Ltd.

Mar 31, 2025

I Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of
past events and it is probable that there will be an outflow of resources.

Contingent Liabilities are not recognised but are disclosed in the notes. Contingent Assets are neither recognised nor disclosed in the
financial statements.

Details of Contingent liability not recognised in financial statement are as follows:

TDS Demand of Rs. 26,112/-.

J Segment Reporting

A. Business Segments:

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment Reporting issued by ICAI, the Company
has only one reportable Business Segment, which is engaged incomprehensive range of services covering Advertising and
Marketing Solutions including Digital Marketing, Corporate Travel Arrangements, Gifting Solutions, Event Management etc.
Accordingly, the figures appearing in these financial statements relate to the Company''s single Business Segment.

B. Geographical Segments:

The Company activities / operations are confined to India and as such there is only one geographical segment. Accordingly, the
figures appearing in these financial statements relate to the Company''s single geographical segment.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS For, Jay Gupta and Associates

NIKS TECHNOLOGY LIMITED (Erstwhile Gupta Agarwal & Associates)

Chartered Accountants
FRN: 329001E

MANISH DIXIT ANAMIKA ANAND

(MANAGING DIRECTOR) (DIRECTOR) & CFO

DIN: 06888132 DIN: 08229644 Jay Shanker Gupta

(Partner)
Membership No. 059535
UDIN: 25059535BMHBYM2726

PLACE: PATNA MEGHA VYAS Place : Kolkata

DATED: 24.05.2025 COMPANY SECRETARY Date : 24.05.2025

D. Notes:

a. Terms/ Rights Attached To Equity Shares

The Company has only one class of equity share having par value of Rs 10 /- per share . Each holder of Equity share is entitled to one vote
per share.

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

b. The company has issued 1,00,000 Fully Convertible Share Warrants of Rs. 300/- each (Face Value- Rs. 10/- each) vide resolution passed at its
meeting of Board of Directors dated 23rd October, 2023, to be converted into equity shares before the expiry of 18 months from the date of its
allotment. During the year the company received Rs.75.00 lakhs as full amount for 25000 share warrants which were subsequently converted
into 25000 equity share capital of Rs. 10/- each as mentioned below and received Rs. 75.00 lakhs against 75000 share warrants at a price of
Rs. 300/- each, which were pending for conversion as on balance sheet date.

c. The company has allotted 25,000 equity shares of Rs. 10/- each at a price of Rs. 300/- each vide conversion of 25,000 Fully Convertible Share
Warrants on January 17, 2024.

d. During the F.Y. 2023-24 the company also issued 38600 equity shares of Rs. 10/- each at a price of Rs. 300/- each (incl. premium of Rs. 290/-)
vide Shareholder''s Resolution passed on October 23, 2023 and allotted on November 23, 2023.

e. The company has allotted 25,000 Equity Shares of Face Value of INR 10/- each pursuant to conversion of 25,000 Fully Convertible Equity
Warrants out of 1,00,000 Fully Convertible Equity Warrants at an Issue Price of INR 300/- each by passing Board Resolution on 19th July,

2024.

f. The company has allotted 50,000 Equity Shares of Face Value of INR 10/- each pursuant to conversion of 50,000 Fully Convertible Equity
Warrants out of 1,00,000 Fully Convertible Equity Warrants at an Issue Price of INR 300/- each by passing Board Resolution on 10th March,

2025.

Notes on ratio:

A) Current Ratio is increased by 710.42% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Current Liabilities in the F.Y. 2024-25

B) Debt-Equity Ratio is decreased by 100.00% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Debt in the F.Y. 2024-25

C) Debt-Service Coverage Ratio is increased by 262.99% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Debt Service in the F.Y.
2024-25

D) Return on Equity Ratio is decreased by 30.40% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in Shareholder''s Equity in the
F.Y. 2024-25

E) Inventory Turnover Ratio is increased by 879.97% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Average Inventory in the
F.Y. 2024-25

F) Trade Payables Turnover Ratio is decreased by 66.52% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Net Credit Purchase
in the F.Y. 2024-25

G) Net Working Capital Turnover Ratio is decreased by 35.71% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in Average
Working Capital in the F.Y. 2024-25

H) Net Profit Ratio is decreased by 31.35% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in Net Sales in the F.Y. 2024-25

I) Return on Capital Employed is decreased by 30.43% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in Capital Employed in the
F.Y. 2024-25

I) Return on Investment is decreased by 96.91% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to less increase in Market Value at the end of
year in the F.Y. 2024-25

NOTE 27.

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings

e) There are no layer of companies, hence no disclosures are required.

f) There is no scheme of arrangement approved in terms of section 230 to 237 of Companies Act, 2013.

g) There are no loans and advances in the nature of loans that are granted to promoters, directors, KMP''s and other related parties either severally or
jointly with anyother person that are repayable on demand.

f) The company does not have any transaction not recorded in the books of accounts that has been surrendered or disclosed as income during the
year in the income tax assessments under the Income tax Act, 1961.

g) The company has not advanced or loaned or invested funds to anyother person(s) or entity(ies), including foreign entities (intermediaries) with
the understanding that the intermediaries shall:

(i) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (ultimate
beneficiery) or

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries

h) The company has not received from any person(s) or entity(ies), including (funding party) with the understanding that the company shall:

(i) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (ultimate
beneficiery) or

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries
NOTE 28. DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of
Companies Act, 1956 during the financial year.

NOTE 29. EARNING AND EXPENDITURE IN FOREIGN CURRENCY

During the year the company has not entered into any foreign curreny transactions

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS For, Jay Gupta and Associates

NIKS TECHNOLOGY LIMITED (Erstwhile Gupta Agarwal & Associates)

Chartered Accountants
FRN: 329001E

MANISH DIXIT ANAMIKA ANAND

(MANAGING DIRECTOR) (DIRECTOR) & CFO

DIN: 06888132 DIN: 08229644 Jay Shanker Gupta

(Partner)
Membership No. 059535
UDIN: 25059535BMHBYM2726

PLACE: PATNA MEGHA VYAS Place : Kolkata

DATED: 24.05.2025 COMPANY SECRETARY Date : 24.05.2025

---

Mar 31, 2024

I Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past
events and it is probable that there will be an outflow of resources.

Contingent Liabilities are not recognised but are disclosed in the notes. Contingent Assets are neither recognised nor disclosed in the
financial statements.

Details of Contingent liability not recognised in financial statement are as follows:

TDS Demand of Rs. 23,810/-.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS For, Jay Gupta and Associates

NIKS TECHNOLOGY LIMITED (Erstwhile Gupta Agarwal & Associates)

Chartered Accountants
FRN: 329001E

MANISH DIXIT ANAMIKA ANAND

(MANAGING DIRECTOR) (DIRECTOR) & CFO

DIN: 06888132 DIN: 08229644 Jay Shanker Gupta

(Partner)
Membership No. 059535
UDIN: 24059535BKBIZE5152

PLACE: PATNA AYUSHI KHAITAN Place : Kolkata

DATED: 24.05.2024 COMPANY SECRETARY Date : 24.05.2024

D. Notes:

a. Terms/ Rights Attached To Equity Shares

The Company has only one class of equity share having par value of Rs 10 /- per share . Each holder of Equity share is entitled to one vote
per share.

In the event of liquidation of the company, the holder of equity shares will be entitled to receive remaining assets of the Company after

distribution of all preferential amounts . The Distribution will be in proportion to the number of equity share held by the shareholders.

b. The company has issued 1,00,000 Fully Convertible Share Warrants of Rs. 300/- each (Face Value- Rs. 10/- each) vide resolution passed at
its meeting of Board of Directors dated 23rd October, 2023, to be converted into equity shares before the expiry of 18 months from the date
of its allotment. During the year the company received Rs.75.00 lakhs as full amount for 25000 share warrants which were subsequently
converted into 25000 equity share capital of Rs. 10/- each as mentioned below and received Rs. 75.00 lakhs against 75000 share warrants at
a price of Rs. 300/- each, which were pending for conversion as on balance sheet date.

c. The company has allotted 25,000 equity shares of Rs. 10/- each at a price of Rs. 300/- each vide conversion of 25,000 Fully Convertible
Share Warrants on January 17, 2024.

d. During the F.Y. 2023-24 the company also issued 38600 equity shares of Rs. 10/- each at a price of Rs. 300/- each (incl. premium of Rs.

290/-) vide Shareholder''s Resolution passed on October 23, 2023 and allotted on November 23, 2023.

Notes on ratio:

A) Current Ratio is increased by 216.02% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Current Assets in the F.Y. 2023-24

B) Debt-Equity Ratio is increased by 100.00% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Debt in the F.Y. 2023-24

C) Debt-Service Coverage Ratio is increased by 100.00% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Debt and interest cost
in the F.Y. 2023-24

D) Return on Equity Ratio is decreased by 49.70% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Equity in the F.Y. 2023-24

E) Inventory Turnover Ratio is increased by 144.73% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Sales in the F.Y. 2023-24

F) Trade Payables Turnover Ratio is increased by 100% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Average Trade
Payables in the F.Y. 2023-24

G) Net Working Capital Turnover Ratio is decreased by 51.57% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Average
Working Capital in the F.Y. 2023-24

H) Net Profit Ratio is decreased by 41.56% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Sales in the F.Y. 2023-24

I) Return on Investment is decreased by 47.37% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Capital Employed in the F.Y.
2023-24

NOTE 25.

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings

NOTE 26. DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of
Companies Act, 1956 during the financial year.

NOTE 27. EARNING AND EXPENDITURE IN FOREIGN CURRENCY_

As at

Particulars Currency March 31, 2024

Expense in Foreign Currency

Purchase of Traded Goods USD NIL

INR (In lacs) NIL

Purchase of Capital Goods USD NIL

INR (In lacs) NIL

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS For, Jay Gupta and Associates

NIKS TECHNOLOGY LIMITED (Erstwhile Gupta Agarwal & Associates)

Chartered Accountants
FRN: 329001E

MANISH DIXIT ANAMIKA ANAND

(MANAGING DIRECTOR) (DIRECTOR) & CFO

DIN: 06888132 DIN: 08229644 Jay Shanker Gupta

(Partner)
Membership No. 059535
UDIN: 24059535BKBIZE5152

PLACE: PATNA AYUSHI KHAITAN Place : Kolkata

DATED: 24.05.2024 COMPANY SECRETARY Date : 24.05.2024