Notes to Accounts of Pro Clb Global Ltd.

Mar 31, 2025

Where the company retains control of the financial assets, the asset is continued to be recognized to
the extent of continuing involvement in the financial assets.

x) Earnings per share

Earnings per share is calculated by dividing the profit attributable to owners of the company by the
weighted average number of equities shares outstanding during the financial year.

xi) Taxes on Income

Current Income Tax

Current Income tax is determined on the basis of taxable income in accordance with the provisions
of Income Tax Act 1961.

Deferred Tax

Deferred Tax liability / assets resulting from time difference between accounting income and the
taxable income is accounted from considering the tax rate and the laws that have been enacted or
substantively enacted as on the reported date.

Note: Disclosure of Transactions with Struck Off

29 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: The figures have been rounded off to nearest rupees in

30 lakhs.

Note: Previous year figures:

31

The previous year’s figures have been reworked, regrouped, rearranged and
reclassified wherever considered necessary to make their classification comparable
with that of the current year.

Note: Secured Loans:

32

Refer to Note No.-12

Note:

33 Contingent Liabilities:

1) Estimated number of contracts remaining to be executed on capital account and not

Note: Collaboration Agreement and interest recoverable

34

The Company is a financial contributor in a collaboration project between M/s ANA
Resorts Private Limited and M/s Maksim Reality Private Limited for the development
of a commercial property located at Plot No. 29, Shanker Road, New Delhi, under a
collaboration agreement dated July 2, 2018 and later revised on dated April 01, 2022
The Company has made advance payments of 450 Lacs for purchase and joint
development of the said commercial property.

The said project is in progress, and the financial statements reflect outstanding
balances as at 31.03.2025 in capital advance and current account balance total
amounting to Rs. 754.60 lakhs, which have remained outstanding with M/s ANA
Resorts Private Limited. The interest recoverable is amounting Rs. 201.63 in
accordance with the agreement.

Out of the total unrecovered interest of Rs. 201.63 lakhs up to March 31, 2025, of
which Rs. 106.55 lakhs interest due up-to March 31, 2023 has been provided as
doubtful, considering the long outstanding nature of the amount, though it is currently
considered recoverable.

Note: Other Receivables written off

35

Due to the assessed non-recoverability of this amount, the Company has fully written
off the loan and advance amounting ?37.86 lakhs outstanding from M/s Froogal Tek
LLP. . This write-off reflects the based on the financial position of the LLP and the
unlikelihood of recovery and classified the said item as exceptional item in the
financial statements.

Notes: Disclosure for Operating Segments (IND-AS 108)

36

As per IND-AS 108, Operating Segments, the company is required to identify and
disclose information about its operating segments based on the internal management
reports reviewed by the management to allocate resources and assess performance.
The management identified and reviews financial information at a single aggregated
level, as the company does not have distinct business activities generating operating
revenue during the reporting period.

The company has evaluated its activities and determined that it does not have any
reportable operating segments under IND-AS 108, as the company earns no revenues
in the ordinary course of operations. No separate segment information is presented.
The company''s income is derived solely from non-operating sources, classified under
"Other Income" in the financial statements.

The company''s income comprises:

i. Rental Income: Income generated from leasing out properties owned by the
company.

ii. Interest Income: Income earned from investments in fixed deposits and other
interest-bearing instruments.

These incomes are not attributable to any specific operating segment, as they do not
arise from the company''s core business operations. Accordingly, they are reported
under "Other Income" in the Statement of Profit and Loss.

Notes: Capital Management

37

The Company manages its capital to ensure that it will be able to continue as going
concerns while maximizing the return to stakeholders through the optimization of the
debt and equity balance. The Company''s policy is to maintain a strong capital base so
as to maintain investors, creditors and market confidence to sustain future
development of the business.

Note: 42

Provision of Income Tax:

Provision of Rs. 1.19 lacs on account of Income Tax has been made for the year.

Note: 43

Balances in party’s accounts whether in debtors, creditors, loans & advances are subject to
confirmation. Under sundry creditors it was not possible to differentiate between total
outstanding dues to small-scale industrial undertaking and others.

Note: 44

Provision for Gratuity:

No provisions on account of Gratuity have been made for the year 2024-25. The old balance
under Provision for Gratuity is amounting Rs. 0.30 lacs carried forward from previous year. As
the company has no employees, hence the provisions of The Gratuity Act, 1972 is not applicable.
No actuarial valuation is required for the year as specified in IND-AS 19.

NOTE Th_e company has not taken loans from any bank or financial institutions.

56

NOTE

^ Holding of Benami Property: The company does not hold any benami property and benami

transactions as described under the Benami act.

^NOTE The Company has not revalued its property, plant & equipment during the year.

58

^NOTE There is no loans & advances were granted to promoters, directors, KMPs and the related

59 parties either severally or jointly with any other person.

^N°^TE The company has no capital work in progress as at the close of the year.

60

NOTE There is no immovable property hold by the company during the year. Hence the same is not

61 applicable.

NOTE There is no Intangible Assets, which is under development as at the close of the

62 year.

As per our report of even date On behalf of the Board of Directors

attached

For Ahuja Arun & Co.

Chartered Accountants

Nirajnirmal Kumar

Praveen Bhatia

Chamaria

Whole Time _.

Director

Director

DIN:00147498 DIN: 02062351

CA Aru n Ahuja
Partner

M. No. 089709,

FRN-012985N

^{Vinod Naggapa} _{Deepika Rajput}

UDIN: Mendon ^{Deepika Rajput}

Company

Place: New Delhi Secretary

PAN: PAN:

Date: 30.05.2025 BEUPM3862B AMUPD4639A

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Mar 31, 2024

Terms / Rights attached to the Equity Shares

a) The Company has one class of equity shares having a par value of Rs. 10 each. Each shareholder is eligible to present at a meeting in person or by proxy and entitled to one vote per share held. All equity shareholders shall be entitled to dividend.

Note The figures have been rounded off to nearest rupees in lakhs No.

27

Note Previous year figures:

No.

28

The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever considered necessary to make their classification comparable with that of the current year.

Note: 31

Provision of Income Tax:

Provision of Rs. 6,43,108/- on account of Income Tax has been made for the year. Mat credit is Nil. Hence net provision on account of income tax is Rs 6,43,108/-

Note: 32

Balances in party''s accounts whether in debtors, creditors, loans & advances are subject to confirmation. Under sundry creditors it was not possible to differentiate between total outstanding dues to small-scale industrial undertaking and others.

Note: 33

Collaboration Agreement:

The Company has entered into a Collaboration Agreement on dated July 02, 2018 with M/S ANA Resorts Private Limited to develop a commercial property located at plot no 29, Shanker Road, New Delhi. During the previous years, the Company has made capital advance amounting Rs. 4.50 Crore for the development of the said commercial property. No amount has been paid during the current year.

Note: 34

Provision for Gratuity:

Provisions of Gratuity Rs. 2,350/- have been made for the year 2023-24, total figure of the Provision for Gratuity is Rs. 2,350/- as on 31^st March 2024. The calculation has been made and certified by the company.

39 Contingent Liabilities:

1) Estimated amount of contracts remaining to be executed on capital account and not provided for- NIL

2) Claims against the Company not acknowledged as debts -NIL

NOTE The company is not declared a willful defaulter by any bank or financials institution 48

NOTE

No scheme of arrangement applied in terms of section 230-237 of the companies act.

^NO^^E The company has not taken loans from any bank or financial institutions.

NOTE Holding of Benami Property: The company does not hold any benami property and benami 50 transactions as described under the Benami act.

NOTE

The Company has not revalued its property, plant & equipment during the year.

NOTE There is no loans & advances were granted to promoters, directors, KMPs and therelated parties 52 either severally or jointly with any other person.

^NO^^E The company has no capital work in progress as at the close of the year.

NOTE

There is no Intangible Assets, which is under development as at the close of the year.

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Mar 31, 2015

1. Previous year figures:

The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever considered necessary to make their classification comparable with that of the current year.

2. Change in Method of charging Depreciation

Pursuant to the enactment of Companies Act 2013, the company has applied the estimated useful lives as specified in Schedule II of Companies Act, 2013. Accordingly the unamortized carrying value is being depreciated/ amortized over the revised/ remaining useful lives. The difference raised due to change in method of depreciation has been adjusted with retained earnings of the company.

3. Contingent Liabilities

i) The Company has given a guarantee, in favor of Pro Labels Private Limited, with respect to a loan of EUR 2,41,993.11 (Equivalent INR 1,62,80,000 as on 31.03.2015) taken to import machinery.

ii) Estimated amount of Contracts remaining to be executed on capital account and not provided for: Nil

iii) Claims against the company not acknowledged as debts- Nil.

4. Loans (Secured and Unsecured)

Secured Loans:

i) ODP Loans & Term Loan from Punjab & Sind Bank is secured against all current & fixed assets. The loan is guaranteed by two directors of the company and corporate guarantees of M/s Chantal Exports Pvt Ltd.

ii) The vehicle loans are secured by way of hypothecation of vehicles.

5. Provision of Income Tax:

Provision of Rs. 15,49,430/- on account of Income Tax has been made for the year.

6. Disclosure regarding relationship with M/s SAAB Travel and Tours Limited as per AS-21:

During the year, the Company has sold 13413 shares of M/s SAAB Travel and Tours Limited. Now, Company holds 3837 equity shares of M/s SAAB Travel and Tours Limited i.e. 19.14% of the capital resulting no holding –subsidiary relationship exists as on 31.03.2015 between the Company and M/s SAAB travel and Tours Limited.

7. The Current Assets, loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which they have been stated in the balance sheet.

8. Cancellation of Warrants issued under the preferential guidelines:

As per the approval granted by the members of the Company at their Extra Ordinary General Meeting during 2012-13 and on receipt of the requisite Stock Exchange Approvals the company had issued 591176 Equity Share Warrants, carrying the entitlement of conversion of 1(one) equity share of Rs. 10/– each (Rupees Ten only) at Rs.68.57/– per warrant to Bennett Coleman & Co Limited (BCCL). The warrants were due for conversion in August,2014. Since the Warrant holder did not exercise the conversion option, the said warrants have been cancelled and the amount paid for subscription of warrants has been forfeited.

9. Description of Contract for Advertisement

During the year 2012-2013 the Bennett Coleman & Co Limited (BCCL) has entered into an agreement with the Company to advertise on non exclusive basis only for the products, services and brands owned by the Company in print and non print media. The Company has given a Deposit of Rs. 101.34 Lacs to BCCL for the advertisement for Company's brand building and the same is still outstanding as at the close of the year.

10. Cancellation of Joint Venture with M/s Gold Star Realtors Ltd:

The Company has invested Rs 300 Lacs in Joint Venture with M/s Gold Star Realtors Ltd. during 2011-2012 for developing Residential Flats in VarindavanYojna, RaiBarelly, Lucknow. Both the parties agreed that after completion of the project the additional funds andthe initial deposit of Rs. 300 Lacswill be returned back to the company together with the project profit as calculated @ 5% of the sales of the flats in the scheme.

However due to delay in project the board of the company has decided to cancel joint venture agreement and the whole amount including project development expenditure of Rs. 89,89,503 will be refunded by the M/s Gold Star Realtors Limited. Outstanding debit balance as on 31.03.2015 in the books of the Company is Rs.58,18,255.

11. The Company had given Rs. 4.30 crores to Swiss Holidays Pvt. Ltd. to set up a Hotel in Switzerland on or before 30.04.2013 with 50% sharing in the business. Since Swiss Holidays Pvt. Ltd has failed to set up hotel and in accordance with agreement dt. 1st January 2014 Swiss Holiday Pvt Ltd is liable to pay interest @14% per annum on the due amount. The legal notice has been served for the recovery of the amount given however no provision has been made.

12. Balance in accounts whether in debtors, creditors, share application money pending allotment and loans & advances are subject to verification and confirmations.

13. Provision for Gratuity and Bonus:

As at the close of the year, the provision for gratuity is amountingRs.2,39,135/-. No provision has been made for the Bonus in accordance with the Bonus Act, 1965.

14. Fixed Assets:

Tangible & Intangible Assets: Total additions made in tangible assets amounting Rs. 32 thousand. No addition made during the year under intangible assets Depreciation charged at straight-line method as prescribed by the Companies Act, 2013.

Capital Work-in Progress: The property is under construction at Niota and shown under capital work in progresses

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Mar 31, 2014

1. Corporate information :

Provestment Services Limited is engaged in dealing of Air Ticketing, Tour Operator &Money Changer and providing professional Services to corporate entities across the globe. The company also entered a joint venture with M/s Gold Star Realtors Ltd for the development of a real estate project. The company was incorporated in the year 1994.

2.1) The Company had given Rs. 4.30 crores to Swiss Holidays Pvt. Ltd. to set up/ buy a Hotel in Switzerland on or before 30.04.2013 with 50% sharing in this business. Since Swiss Holidays Pvt. Ltd has failed to set up hotels, the company is receiving interest of 14% P.a on the amount paid.

2.2) Balance in accounts whether in debtors, creditors, share application money pending allotment and loans & advances are subject to verification and confirmations.

2.3) Contingent Liabilities:

i) Estimated amount of Contracts remaining to be executed on capital account and not provided for - Rs.''Nil

ii) Claims against the company not acknowledged as debts-Rs. Nil.

2.4) Provision for Gratuity and ESI:

The company has been advised that the provision of ESI Act is not applicable to the Company. Provisions of Rs. Nil have been made on account of Gratuity for the year.

2.5) Fixed Assets:

Tangible & Intangible Assets: Total additions made in tangible assets amounting Rs. 47.45 lacs. No addition made during the year under intangible assets Depreciation charged at straight-line method as prescribed by the Companies Act, 1956.

Capital Work-in Progress: The Company has paid Rs. 51.25 lacs advance for the purchase of property at Noida. The property is under construction and shown in capital work in progress.

2.6) As no manufacturing activities were carried out during the year, information required under Para 3 and 4 of part 11 of schedule VI of Companies Act, 1956 is not given.

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Mar 31, 2013

1. Corporate information :

Provestment Services Limited is engaged in dealing of Air Ticketing, Tour Operator &Money Changerand providing professional Services to corporate entities across the globe. The company also entered a joint venture with M/s Gold Star Realtors Ltd for the development of a real estate project. The company was incorporated in the year 1994.

2.1) Previous year figures:

The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever considered necessary to make their classification comparable with that of the current year.

2.2) Loans (Secured and Unsecured) Secured Loans:

i) ODP Loans & Term Loan from Punjab & Sind Bank is secured against all current & fixed assets. The loan is guaranteed by two directors of the company and corporate guarantees of M/s Chaitali Exports Pvt Ltd. ii) The vehicle loans are secured by way of hypothecation of vehicles. Unsecured Loans: The company has taken loan from India Bull Financial Services Limited against the security of the properties of Directors and also guaranteed by the Directors of the Company. The balance outstanding as on 31.03.2013 amounting Rs. 288.65 lacs.

2.3) Provision of Income Tax:

Provision of Rs. 13, 95,410/- on account of Income Tax has been made for the year.

2.4) Related Party Disclosures as prescribed by Accounting Standard 18 of issued by the Institute of Chartered Accountant of India.

2.5) The Current Assets, loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which they have been stated in the balance sheet.

2.6) Money Received against Share Warrants

(a) Issue of 5,91,176 convertible equity warrants on preferential basis to Bennett Coleman & Co. Limited (BCCL):

During the year the Company has made Preferential Allotment of 591176 convertible Equity Share Warrants to BCCL of Rs. 10/- each at a Premium of Rs.58.57/- per warrants issued as per SEBI, ICDR Regulations, 2009 against which 25% Warrant Subscription Amount i.e. Rs. 1,01,34,234.58/- (Rupees One Crore One Lakh Thirty Four Thousand Two Hundred Thirty Four and paise Fifty Eight Only) have been received by the Company.

In the event if BCCL does not exercise its option to exercise all the Warrants within the Warrant Exercise Period i.e. within 18 months, the Warrant Subscription Amount shall be forfeited by the Company and the Warrants shall lapse.

(b) Description of Contract for Advertisement

During the year the Company has entered into an agreement with Bennett Coleman & Co. Limited (BCCL) to advertise on non exclusive basis only, the Products, Services and Brands owned and exclusively used by the Company, by print and non print media. The Company has given a Deposit of Rs. 101.34 Lacs to BCCL for the advertisement for Company''s brand building.

2.7) Balances in accounts whether in debtors, creditors, share application money pending allotment and loans & advances are subject to verification and confirmations.

2.8) Contingent Liabilities:

i) Estimated amount of Contracts remaining to be executed on capital account and not provided for - Rs. Nil

ii) Claims against the company not acknowledged as debts-Rs. Nil.

2.9) Provision for Gratuity and ESI:

The company has been advised that the provision of ESI Act is not applicable to the Company. Provisions of Rs. 54090/- has been made on account of Gratuity for the year.

2.10) Fixed Assets:

Tangible & Intangible Assets: Total additions made in tangible assets amounting Rs. 14.60 lacs. No addition made during the year under intangible assets Depreciation charged at straight-line method as prescribed by the Companies Act, 1956.

Capital Work-in Progress: The company has paid Rs. 33.86 lacs advance for the purchase of property at Noida. The property is under construction and shown in capital work in progress.

2.11) As no manufacturing activities were carried out during the year, information required under Para 3 and 4 of part 11 of schedule VI of Companies Act, 1956 is not given.

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Mar 31, 2012

1. Corporate information :

Provestment Services Limited is engaged in service of Air Ticketing, Foreign Exchange and providing professional Services to corporate entities across the globe. The company has been incorporated in the year 1994.

1) Previous year figures:

The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever considered necessary to make their classification comparable with that of the current year.

2) Secured Loans:

i) ODP Loans & Term Loan from Punjab & Sind Bank is secured against all current & fixed assets. Further the above loan is guaranteed by two directors of the company and corporate guarantees of M/s Chaitali Exports Pvt Ltd.

ii) The vehicle loans are secured by way of hypothecation of vehicles.

3) Provision of Income Tax:

Provision of Rs. 10,62,791- on account of Income Tax has been made for the year.

4) Related Party Disclosures as prescribed by Accounting Standard 18 of issued by the Institute of Chartered Accountant of India. “As per Annexure“

5) In the opinion of the Board the Current Assets, loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which they have been stated in the balance sheet.

6) Balances in accounts whether in debtors, creditors, share application money pending allotment and loans & advances are subject to verification and confirmations.

7) Contingent Liabilities:

i) Estimated amount of Contracts remaining to be executed on capital account and not provided for - Rs. Nil

ii) Claims against the company not acknowledged as debts - Rs. Nil.

8) Provision for Gratuity and ESI.:

The company has been advised that the provision of ESI Act is not applicable to the Company. Provisions of Rs. 1,64,375/- has been made on account of Gratuity for the year.

9) As no manufacturing activities were carried out during the year, information required under para 3 and 4 of part 11 of schedule VI of Companies Act, 1956 is not given.

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Mar 31, 2011

1. Nature of Operations :

PROVESTMENT SERVICES LIMITED is engaged in dealing of Air Ticketing, Foreign Exchange, shares and providing Professional Services.

a) Previous year figures :

The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever considered necessary to make their classification comparable with that of the current year.

b) Secured Loans:

i) ODP Loans & Term Loan from Punjab & Sind Bank is secured against all current & fixed assets. Further the above loan is guaranteed by two directors of the company and corporate guarantees of M/s Chaitali Exports Pvt Ltd.

ii) The vehicle loans are secured by way of hypothecation of vehicles.

c) Provision of Income Tax:

Provision of Rs. 15, 20,026/- on account of Income Tax has been made for the year.

d) Deferred Tax

Deferred tax resulting from timing difference between book profit and tax profit is accounted for at the current tax rate without surcharge and in compliance with the Accounting Standard 22 "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India. Deferred Tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the profit and loss account in the year of change. Deferred tax assets and deferred tax liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities.

e) Related Party Disclosures as prescribed by Accounting Standard 18 of issued by the Institute of Chartered Accountant of India. "As per Annexure A"

f) In the opinion of the Board the Current Assets, loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which they have been stated in the balance sheet.

h) Directors Remuneration u/s 198 and place of profit u/s 314

i) Balances in parties' accounts whether in debtors, creditors, share application money pending allotment and loans & advances are subject to confirmations.

j) Contingent Liabilities:

i) Estimated amount of Contracts remaining to be executed on capital account and not provided for - Rs. Nil

ii) Claims against the company not acknowledged as debts - Rs. Nil.

iii) The company's bankers have given a Bank Guarantee for Rs. 20.00 Lac in favour of IATA and margin held by Bank Rs. 2 Lac.

k) Provision for Gratuity and ESI.

The company has been advised that the provision of ESI Act is not applicable to the Company. Provisions of Rs. 74,423/- has been made on account of Gratuity for the year.

l) As no manufacturing activities were carried out during the year, information required under para 3 and 4 of part 11 of schedule VI of Companies Act, 1956 is not given.

m) Stock of investment in shares made in other company and Foreign Currency "As per Annexure B".

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Mar 31, 2010

1. Nature of Operations:

PROVESTMENT SERVICES LIMITED, is engaged in dealing of Air Ticketing, Foreign Exchange, shares and providing Professional Services.

a) Previous year figures:

The previous year’s figures have been reworked, regrouped, rearranged and reclassified wherever considered necessary to make their classification comparable with that of the current year.

b) Secured Loans:

i) ODP Loans & Term Loan from Punjab & Sind Bank is secured against all current & fixed assets. Further the above loan is guaranteed by two directors of the company and corporate guarantees of M/s Chaitali Exports Pvt Ltd. and M/s Profile Packaging Pvt Ltd.

ii) The vehicle loans are secured by way of hypothecation of vehicles.

c) Provision for Gratuity:

Provisions of Rs. 21,636/- has been made for the year.

d) Provision of Income Tax:

Provision of Rs. 14,09,732/- on account of Income Tax has been made for the year.

e) Deferred Tax

Deferred tax resulting from timing difference between book profit and tax profit is accounted for at the current tax rate without surcharge and in compliance with the Accounting Standard 22 “Accounting for Taxes on Income” issued by The Institute of Chartered Accountants of India. Deferred Tax assets and liabilities are measured using tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the profit and loss account in the year of change. Deferred tax assets and deferred tax liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of exiting assets and liabilities.

f) Related Party Disclosures as prescribed by Accounting Standard 18 of issued by the Institute of Chartered Accountant of India: As per Annexure.

g) In the opinion of the Board the Current Assets, loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which they have been stated in the balance sheet.

j) Balances in parties’ accounts whether in debtors, creditors and loans & advances are subject to confirmations.

k) Contingent Liabilities:

i) Estimated amount of Contracts remaining to be executed on capital account and not provided for - Rs. Nil

ii) Claims against the company not acknowledged as debts-Rs. Nil.

iii) The company’s bankers have given a Bank Guarantee for Rs. 20.00 Lac in favour of IATA and margin held by Bank Rs. 2 Lac.

l) Provision for Bonus and ESI Liabilities

The company has been advised that the provision of the payment of Bonus Act, 1965 & ESI Act are not applicable to the Company

m) As no manufacturing activities were carried out during the year, information required under para 3 and 4 of part 11 of schedule VI of Companies Act, 1956 is not given.

o) Stock of investment in shares made in other company are as per annexure.