Notes to Accounts of Shivom Investment & Consultancy Ltd.

Mar 31, 2026

(2) Borrowings from banks or financial institutions on the basis of security of current assets Not applicable

(3) The company does not hold any benami property and there are no proceedings which have been initiated or pending against the company under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(4) The company has not made any loans or advances which are in the nature of loans granted to promoters, directors, Key Managerial Personnels (KMPs) and the related parties (as defined under the Companies Act, 2013), either severally or jointly with any other person that are repayable on demand or without specifying any terms or period of repayment.

(5) All immovable property title deeds are held in the name of the Company, except for the leasehold industrial plots acquired via auction which have been registered in the Company''s name during FY 2024-25.

(6) The company has not been declared as wilful defaulter by any bank or financial Institution or other lender.

(7) The company does not have any transactions with the companies struck off under section 248 of Companies Act, 2013.

(8) The company does not have any charges or satisfaction yet to be registered with ROC beyond the statutory period.

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013, read with Companies (Restriction on number of Layers)

(9) Rules, 2017.

(10) The company has neither advanced, nor loaned, nor invested funds, nor received any funds (either borrowed funds or share premium or any other sources or kind of funds) to or from any other person(s) or entity(ies), including foreign entities (Intermediaries/ Funding Party).

(11) The company does not have any unrecorded transactions in the books of accounts that has been surrendered or disclosed as income during the period 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).

(12) The Company has not traded or invested in Crypto currency or Virtual Currency during the period.

(13) The Company does not have any pending litigations which would impact its financial position.

(14) The Provisions; as required under the applicable law or accounting standards, for material foreseeable losses, if any, on long-term contracts including derivative contracts, are not applicable to the company as the company has not entered any such contracts during the year.

(15) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

(16) The company do not have any transactions with Crypto Currency or Virtual Currency where the company has treated or invested in Crypto Currency or Virtual Currency during the year.

(17) The company has not advanced or loaned or invested funds to any other person or entities, including foreign entities (intermediaries) with the understanding that the intermediary shall

(a) Directly or indirectly lead 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.

(18) The Company has not received any fund from any persons or entities, 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.

(19) The Company does not have any 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.

(20) The company has not revalued its property, plant and equipment (including right - of - use assets) or intangible assets or both during the current or previous year.

(21) The company has not entered into any scheme of arrangements which has an accounting impact on current financial year. However, the company has disclosed the relevant note no. -

18 for previous financial year

(22) The Company has not received the payment of outstanding foreign receivables within the period mentioned in the Master Circular on Export of Goods and Services issued by the Reserve Bank of India ("RBI"). Trade receivables amounting to INR Nil (31 March 2023: INR Nil) due from overseas parties is outstanding for a period of more than nine months.

(23) There is no Direcot remuneration paid for the said years.

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Mar 31, 2025

10. Provisions, Contingent Liabilities and Contingent Assets: - (AS-29)

Provisions are recognized only when there is a present obligation as a result of past events
and when a reliable estimate of the amount of the obligation can be made.

Contingent assets are not recognized in the financial statement since this may result in the
recognition of the income that may never be realized.

General:

Except wherever stated, accounting policies are consistent with the generally accepted
accounting principles and have been consistently applied.

(B) Notes on Financial Statements

1. As informed to us there are no estimated amount of contracts remaining to be executed
on capital amount.

2. The company has not disposed of any Fixed Assets during the year.

3. Income in foreign currency is NIL.

4. Expenditure in foreign currency is NIL.

5. There is no any Amalgamation or Acquisition with Other Company/Firm/Entity by the
company during the financial year.

6. The company has not received any type of Government Grants or Subsidies.

7. The company did not enter into any lease Agreement.

8. The company has not entered into any Joint Venture.

9. Previous year figures have been regrouped / rearranged wherever necessary to correspond
with the current year''s classification/ disclosure.

10. No Deferred Tax Assets has been recognized on unabsorbed business losses, considering
the prudence aspect.

11. Some accounting entries have been made in books of accounts by resolution professional
on the basis of Axis Bank Statement, Data available on GST portal and as per explanation
given by SBOD.

12. The SSI status of the creditors is not known to the Company; hence the information is not
given.

13. Trade payables, Loans & Advances and Unsecured Loans have been taken at their book
value subject to confirmation and reconciliation.

14. Information on related party transactions as required by IndAS- 24 ''Related Party
Disclosures'' for the year ended 31st March, 2025.

15. The company has not recognized differed tax asset for the year for the provision against
the assets

16. Contingent Liabilities and commitments:

"As per the approved resolution plan, the contingent liabilities and commitments, claims
and obligations, stand extinguished and accordingly no outflow of economic benefits is
expected in respect thereof."

17. As per Ind AS - 23 "Borrowing Costs", the borrowing cost has been charged to Profit and
Loss statement. None of the borrowing costs have been capitalized during the year.

18. Corporate Social Responsibility provisions as per Section 135 of Companies Act 2013 are
not applicable to the company.

19. The company has not paid any dividend during the year.

20. Company has no geographical or product-wise segments, therefor segment reporting is
not applicable.

21. Resolution Professional does not have any information and details of previous financial
statements. Figures of FY 2023-24 is obtained from unaudited financial statement. Such
figures have been regrouped wherever necessary to make them comparable with those of
the current year.

22. The Company has not granted any loans to promoters, directors, KMPs and the related
parties either severally or jointly with any other person in the nature of Loans and
Advances during the year.

23. The Hon''ble National Company Law Tribunal, Mumbai ("NCLT") by an order dated 07-
Feb-2024 admitted the Corporate Insolvency Resolution Process (CIRP") application filed
by financial creditors and appointed Mr. Nimai Gautam Shah [IBBI/IPA-001/IP-
P00154/2017-2018/10323] as Interim Resolution Professional. In the first meeting of
Committee of Creditors ("COC"), IRP was appointed as a RP, Same has been confirmed
by adjudicating bench. The Company was acquired under CIRP as a going concern
through a resolution plan which was approved by COC committee, NCLT has also given
approval of the same vide order dated 18-Aug-2025. New management has implemented
resolution plan and is in process of reviving the company and has enough resources and
availability of funds for effective revival of the company.

24. Disclosure under the Micro, Small and Medium Enterprises Development Act, 2006 are
provided as under to the extent the company has received intimation from the "Suppliers"
regarding their status under the Act.

Dues to Micro and Small Enterprises have been determined to the extent such parties have
been identified on the basis of information collected by the Management. This has been
relied upon by the auditors.

25. No provision for gratuity has been made since the Company has decided to account for
gratuity on Permanent basis.

For M/s. S PARTH & CO
Chartered Accountants
FRN NO: - 154463W

SD/-
CA Parth Shah

Place: Ahmedabad (Proprietor)

Date:13th December 2025 Membership no. : 198530

UDIN: 25198530GBJHAZ7873

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Mar 31, 2018

CORPORATE INFORMATION

Shivom Investment & Company Limited (the Company) is a public limited company domiciled in India and incorporated under the provisions of the Companies Act.

The company is registered as a Non-banking Financial Company (NBFC) as defined under section 45-IA of the Reserve bank of India (RBI) Act, 1934.

a) Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10/- each. Each holder of equity shares is entitled to one vote per share. The dividend proposed by the Board of Directors, if any, is subject to the approval of the shareholders in the subsequent Annual General Meeting. In the event of liquidation of the Company, the holder of equity shares will be entitled to receive remaining assets of the Company after distributions of all preferential amount. The distributions will be in proportion to the number of equity shares held by the shareholders; and any other right as the Memorandum and Articles of Association of the Company may prescribe in relation to the aforesaid equity shares of the Company.

a) Segment Reporting

The Company is predominantly engaged in the business of financial activities and is a ‘Single Segment’ Company.

b) Related Party Disclosures

As per Accounting Standard 18 ‘Related Party Disclosures’, the disclosure of transactions with related parties are given below: (i) Names of the related parties and description of relationship

1 Key Management Personnel (KMP):

Shri Pradip Kumar Sultania (w.e.f. 17/08/2011 till 18/08/2017)

Shri Mahesh Sharma (w.e.f. 17/08/2011 till 28/06/2017)

Shri Varun Pravinchandra Aghara (w.e.f. 18/09/2017)

Shri Ashish Murarka (w.e.f. 17/08/2011 till 31/01/2018)

c) Accounting for Taxes on Income

As availability of future taxable income is not certain, on consideration of prudence, provision for deferred tax assets is not made in term of AS 22, Accounting for Taxes on Income.

d) Scheme of Amalgamation:

i) A Composite Scheme of Arrangement (“the Scheme”) between Shivom Investment & Consultancy Limited (“SICL”) and Relax Vintrade Limited (“RVL”) and Intime Dealers Limited (“IDL”) under Sections 391 to 394 of the Companies Act, 1956 for amalgamation of RVL and IDL with the Company into the Company has been sanctioned by the High Court of Maharashtra at Calcutta on 13th May 2014. The Scheme has become effective from the appointed date 1st April 2011.

ii) Pursuant to the Scheme, all the assets, liability and reserves of RVL & IDL have transferred to and vested in the Company as a going concern with effect from the appointed date 1st April 2011.

* The amalgamation has been accounted for under the “Pooling of Interest Method” as per AS 14. Accordingly, as on appointed date, all the assets and liabilities have been taken at their book value and all the reserves identity has been preserved and added to identical reserves of SICL. The liabilities have been accounted for on their book value basis of accrual and certainty as decided by the management. However, as per the scheme the difference between Net asset value and equity shares issued to shareholders of transferor companies shall be recorded as Capital Reserve or goodwill.

* In the year 2014-15, As consideration for the amalgamation, the Company has during the year issued and allotted 3,30,00,000 Equity Shares of Rs 10/each fully paid up in the ratio of 165 (One Sixty Five) Equity Share of 10/- each of SICL for every 1 (One) Equity Shares of Rs 10/- each of RVL in the Capital of the Company, and 3,26,51,025 Equity Shares of Rs 10/- each fully paid up in the ratio of 165 (One Sixty Five) Equity Share of 10/- each of SICL for every 1 (One) Equity Shares of Rs 10/- each of IDL in the Capital of the Company.

* In the year, 2014-15, the difference between the net asset value i.e Book value of Assets minus liabilities (including reserves) of the transferor companies as on the appointed date and equity shares issued to the shareholders of transferor companies on amalgamation by the transferee company of Rs. 27.79 crores has been credited to goodwill account at the time of allotment of shares.

e) Details of dues to micro and small enterprises as defined under the MSMED Act,2006

On the basis of information available with the Company, under the Micro, Small and Medium Enterprises Development Act, 2006, there are no Enterprises to whom the Company owes dues which were outstanding anytime during the year. This has been relied upon by the Auditors.

f) Particulars as required in terms of Paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 are given by way of an Annexure to the financial statements.

g) Previous year figures have been recast/reclassified wherever appropriate to confirm to current year’s presentation as per revised Schedule II notified under the Companies Act, 2013.

h) All the figures in these notes are in ‘Rs’ except otherwise stated.

Notes :

¹ As defined in Paragraph 2 (1) (xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank ) Directions, 1998.

^2. Provisioning norms shall be applicable as prescribed in the Non - Banking Financial Companies Prudential Norms ( Reserve Bank ) Directions, 1998.

^3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up / fair value / NAV in respect of unquoted investment should be disclosed irrespective of whether they are classified as long term or current in

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Mar 31, 2016

d) Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10/- each. Each holder of equity shares is entitled to one vote pe share. The dividend proposed by the Board of Directors, if any, is subject to the approval of the shareholders in the subsequent Annual General Meeting. In the event of liquidation of the Company, the holder of equity shares will be entitled to receive remaining assets of the Company after distributions of all preferential amount. The distributions will be in proportion to the number of equity shares held by the shareholders; and any other right as the Memorandum and Articles of Association of the Company may prescribe in relation to the aforesaid equity shares of the Company.

16. Notes to Accounts :

a) Segment Reporting

The Company is predominantly engaged in the business of financial activities and is a ''Single Segment'' Company.

b) Related Party Disclosures

As per Accounting Standard 18 ''Related Party Disclosures'', the disclosure of transactions with related parties are given below

(i) Names of the related parties and description of relationship

1 Key Management Personnel (KMP):

Shri Pratap Kumar Sultania (w.e.f. 17/08/2011)

Shri Mahesh Sharma (w.e.f. 17/08/2011)

Shri Sashi Pandey (w.e.f. 17/08/2011)

2 Transactions with related parties during the period :

There was no Related party transaction during the year to disclose in terms of AS - 18.

c) Accounting for Taxes on Income

As availability of future taxable income is not certain, on consideration of prudence, provision for deferred tax assets is not made in ter:

of AS 22, Accounting for Taxes on Income.

d) Scheme of Amalgamation:

i) A Composite Scheme of Arrangement ("the Scheme”) between Shivom Investment & Consultancy Limited ("SICL”) and Relax Vintrade Limited ("RVL”) and In time Dealers Limited ("IDL”) under Sections 391 to 394 of the Companies Act, 1956 for amalgamation of RVL and IDL with the Company into the Company has been sanctioned by the High Court of Maharashtra at Calcutta on 13th May 2014. The Scheme has become effective from the appointed date 1st April 2011.

ii) Pursuant to the Scheme, all the assets, liability and reserves of RVL & IDL have transferred to and vested in the Company as a going concern with effect from the appointed date 1st April 2011.

* The amalgamation has been accounted for under the "Pooling of Interest Method” as per AS 14. Accordingly, as on appointed date, all the assets and liabilities have been taken at their book value and all the reserves identity has been preserved and added to identical reserves of SICL. The liabilities have been accounted for on their book value basis of accrual and certainty as decided by the management. However, as per the scheme the difference between Net asset value and equity shares issued to shareholders of transferor companies shall be recorded as Capital Reserve or goodwill.

* in the year 2014-15, As consideration for the amalgamation, the Company has during the year issued and allotted 3,30,00,000 Equity Shares of Rs 10/- each fully paid up in the ratio of 165 (One Sixty Five) Equity Share of 10/- each of SICL for every 1 (One) Equity Shares of Rs 10/- each of RVL in the Capital of the Company, and 3,26,51,025 Equity Shares of Rs 10/- each fully paid up in the ratio of 165 (One Sixty Five) Equity Share of 10/- each of SICL for every 1 (One) Equity Shares of Rs 10/- each of IDL in the Capital of the Company.

* In the year, 2014-15, the difference between the net asset value i.e Book value of Assets minus liabilities (including reserves) of the transferor companies as on the appointed date and equity shares issued to the shareholders of transferor companies on amalgamation by the transferee company of Rs. 27.79 crores has been credited to goodwill account at the time of allotment of shares.

e) Details of dues to micro and small enterprises as defined under the MSMED Act,2006

On the basis of information available with the Company, under the Micro, Small and Medium Enterprises Development Act, 2006, there are no Enterprises to whom the Company owes dues which were outstanding anytime during the year. This has been relied upon by the Auditors.

f) Particulars as required in terms of Paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 are given by way of an Annexure to the financial statements.

g) Previous year figures have been recast/reclassified wherever appropriate to confirm to current year''s presentation as per revised Schedule II notified under the Companies Act, 2013.

The Directors present the Company''s Report on Corporate Governance pursuant to Clause 49 of the Listing Agreement with Stock Exchanges.

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Mar 31, 2012

1 Key Management Personnel (KMP);

Shri Ramesh Kumar Agarwal CL pto on 26/12/2011)

Shri Ashok Kumar Lodha (L to on 26/12/21)31)

Shri Prntap Kumar Sultania (w .e f. 17/08/2011)

Shri Mahesh Sharma (u,e.t. 17/08/2011)

5hn Saslu Pandey (we.t. 17/08/2011)

2 Transactions with related parlies during the period ;

There was no Related partv transaction during the year to disclose in terms ol AS - 18.

c) Accounting for Taxes on Income

As availability ot tuture taxable income is not certain, on consideration ot prudence, provision tor deterred tax assets is not made in term of AS 22, Accounting for Taxes on Income

d) Details of dues to micro and small enterprises as defined under the MSMED Act,2006

On the basis ol information available with Ihe Company, under the Micro, Sm^Jl and Medium tnterprises Development Act, 2Q0b, there are no hnterp rises I a whom the Company owes dues \\ hich were outstanding an v time during the veai Hi is ha*= been jelied upon bv the Auditors

e) Particular^ at required in terms of Paragraph 13 ot Non-Banking Financial (Non-Deposit Accepting or 1 loldmg) Companies Prudential Norms (Reserve Bank) Directions, 2007 arc given b\ wav of an Annexure to the tinancial statements

f) Previous year figures have been recast/reclassifiud wherever appropriate to conhrm to current year s presentation as per revised Schedule VI notified under the Companies Act, 1956