Notes to Accounts of Novus Loyalty Ltd.

Mar 31, 2026

30. CONTINGENT LIABILITIES AND COMMITMENTS		Rs. In thousands
Contingent liabilities and commitments (to the extent not provided for)	As at March31,2026	As at March31,2025
(i) Contingent liabilities:
Claims against the Company not acknowledged as debt
Disputed demands for Goods and service Tax aggregates.	6,207.17	-
Less: Pre-Deposit against Demand	327.88	-
Net Amount	5,879.29

• Additional Information not disclosed elsewhere in the Financial Statements

a) The Company does not have any transactions with struck-off companies under

section 248 of the companies Act, 2023 or Section 560 of the Companies Act 1956.

b) The Company has not undertaken any transactions which is not recorded in the

books of account that has been surrendered or disclosed as income during the year in the tax assessment under the income tax, Act 1961 (Such as Search or Survey or any other relevant provisions of income tax, Act 1961)

^c) The company has not been declared a ''willful defaulter'' by any bank or financial

Institution (as defined under Companies Act, 2013) or consortium thereof, in accordance with the guidelines on willful defaulters issued by the Reserve Bank of India

d) The Company has complied with the number of layers prescribed under clause (87) of

section 2 of the Act read with companies (Restriction on number of layers) Rules, 2017.

e) The company does not have any Benami Property and no proceedings has been initiated

or pending against the company for holding any Benami property, under the Benami Transactions (Prohibition) Act, 1988 (45 45 of 1988) and the rules made thereunder.

f) The Company does not have not have any charge which is yet to be registered

with ROC beyond the statutory period.

g) The Company has not traded or invested in crypto currency or virtual currency during

the current or previous financial year.

h) The Company is not required to file the returns with respect to working capital facility,

as the company do not have any such facility availed from the Bank.

i) The Company has not advanced or provided loan to or invested funds in any entity (ies)

including foreign entities (intermediaries) or to any other person (s), with the understanding that the intermediary shall:- •

(i) Directly or indirectly lend or invest in other persons or entities identified in any

manner whatsoever by or on behalf by the company (ultimate beneficiaries), or

(ii) provide any guarantee, or any security or the like to or on behalf of the ultimate

j) The company has not received any fund from any person (s) or any entity (ies),

including foreign entities (funding party) with the understanding (whether recorded in writing or otherwise) 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 Funding Party (ultimate beneficiaries), or

(ii) provide any guarantee, or security or the like on behalf of the ultimate beneficiaries.