Notes to Accounts of TCC Concept Ltd.

Mar 31, 2025

h) Provision and contingent liability

A provision is recognized when the Company has a present
obligation as a result of past event, and it is probable that
an outflow of resources embodying economic benefits will
be required to settle the obligation that can be reliably
estimated. Provisions are not discounted to its present
value and are determined based on best estimate required
to settle the obligation at the balance sheet date. These
estimates are reviewed at each balance sheet date and
adjusted to reflect the current best estimates.

A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed by the
occurrence or non-occurrence of one or more uncertain
future events beyond the control of the Company or a
present obligation that is not recognized because it is not
probable that an outflow of resources will be required to
settle the obligation. A contingent liability also arises in
extremely rare cases where there is a liability that cannot
be recognized because it cannot be measured reliably.
The Company does not recognize a contingent liability but
discloses its existence in the financial statements.

i) Financial instruments

A financial instrument is a contract that gives rise to a
financial asset of one entity and a financial liability or equity
instrument of another entity.

I. Financial assets

All financial assets are recognized initially at fair value.
Transaction costs that are directly attributable to the
acquisition of financial assets (other than financial
assets at fair value through profit or loss) are added
to the fair value measured on initial recognition of
financial asset. Purchase and sale of financial assets
are accounted for at trade date.

(i) Financial instruments at amortized cost

A financial instrument is measured at
the amortized cost if both the following
conditions are met:

a) the asset is held within a business model
whose objective is to hold assets for
collecting contractual cash flows, and

b) contractual terms of the asset give rise on
specified dates to cash flows that are solely
payments of principal and interest (SPPI) on
the principal amount outstanding.

After initial measurement, such financial assets
are subsequently measured at amortized cost
using the effective interest rate (EIR) method.

Amortized cost is calculated by taking into
account any discount or premium on acquisition
and fees or costs that are an integral part of the
EIR. The EIR amortization is included in other
income in the statement of profit and loss. The
losses arising from impairment are recognized in
the statement of profit and loss.

(ii) Financial instrument at Fair Value through Other
Comprehensive Income (OCI)

A financial instrument is classified and measured
at fair value through OCI if both of the following
criteria are met:

a) The objective of the business model is
achieved both by collecting contractual cash
flows and selling the financial assets, and

b) The asset''s contractual cash flows represent
solely payments of principal and interest.

Financial instruments included within the OCI
category are measured initially as well as at each
reporting date at fair value. Fair value movements
are recognized in OCI. On derecognition of
the asset, cumulative gain or loss previously
recognized in OCI is reclassified from OCI to
statement of profit and loss.

(iii) Financial instrument at Fair Value through Profit
and Loss

Any financial instrument, which does not meet
the criteria for categorization at amortized cost
or at fair value through other comprehensive
income, is classified at fair value through profit
and loss. Financial instruments included in
the fair value through profit and loss category
are measured at fair value with all changes
recognized in the statement of profit and loss.

(iv) De-recognition of financial assets

A financial asset is primarily derecognized when
the rights to receive cash flows from the asset
have expired, or the Company has transferred its
rights to receive cash flows from the asset.

II. Financial liabilities

All financial liabilities are recognized initially at fair
value and, in the case of loans and borrowings and
payables, net of directly attributable transaction costs.

The subsequent measurement of financial liabilities
depends on their classification, as described below:

(i) Financial liabilities at fair value through profit or
loss

Financial liabilities at fair value through profit or loss
include financial liabilities designated upon initial
recognition as at fair value through profit or loss.

(ii) Financial liabilities at amortised cost

After initial recognition, interest-bearing loans
and borrowings are subsequently measured at
amortised cost using the Effective Interest Rate
[EIR] method. Gains and losses are recognised
in the statement of profit and loss when the
liabilities are derecognised as well as through the
EIR amortisation process.

Amortised cost is calculated by taking into
account any discount or premium on acquisition
and fees or costs that are an integral part of the
EIR. The EIR amortisation is included as finance
costs in the statement of profit and loss.

(iii) De-recognition of financial liabilities

A financial liability is derecognised when the
obligation under the liability is discharged or
cancelled or expires. When an existing financial
liability is replaced by another from the same
lender on substantially different terms, or the
terms of an existing liability are substantially
modified, such an exchange or modification
is treated as the derecognition of the original
liability and the recognition of a new liability. The
difference in the respective carrying amounts is
recognised in the statement of profit and loss.

Financial assets and financial liabilities are offset
and the net amount is reported in the balance
sheet if there is a currently enforceable legal right
to offset the recognized amounts and there is an
intention to settle on a net basis, to realize the
assets and settle the liabilities simultaneously.

j) Impairment

(i) Financial assets

The Company recognizes loss allowances using the
expected credit loss (ECL) model for the financial assets
which are not fair valued through profit or loss. Loss
allowance for trade receivables with no significant
financing component is measured at an amount equal
to lifetime ECL. For all other financial assets, expected
credit losses are measured at an amount equal to the
twelve month ECL, unless there has been a significant
increase in credit risk from initial recognition in which
case those are measured at lifetime ECL. The amount of
expected credit losses (or reversal) is recognized as an
impairment loss (or gain) in statement of profit and loss.

(ii) Non-financial assets

At the end of each reporting period, the Company
reviews the carrying amounts of its tangible and
intangible assets to determine whether there is
any indication that those assets have suffered an
impairment loss. If any such indication exists, the
recoverable amount of the asset is estimated in order
to determine the extent of the impairment loss (if any).
Where it is not possible to estimate the recoverable
amount of an individual asset, the Company estimates
the recoverable amount of the cash-generating unit
to which the asset belongs. Where a reasonable
and consistent basis of allocation can be identified,
corporate assets are also allocated to individual cash¬
generating units, or otherwise they are allocated to
the smallest Company of cash-generating units for
which a reasonable and consistent allocation basis
can be identified. Recoverable amount is the higher
of fair value less costs to sell and value in use. In
assessing value in use, the estimated future cash flows
are discounted to their present value using a pre-tax
discount rate that reflects current market assessments
of the time value of money and the risks specific to
the asset for which the estimates of future cash flows
have not been adjusted. If the recoverable amount of
an asset (or cash-generating unit) is estimated to be
less than its carrying amount, the carrying amount of
the asset (or cash-generating unit) is reduced to its
recoverable amount. An impairment loss is recognized
immediately in the statement of profit and loss.

An impairment loss is reversed in the statement
of profit and loss if there has been a change in the
estimates used to determine the recoverable amount.
The carrying amount of the asset is increased to
its revised recoverable, amount provided that this
amount does not exceed the carrying amount that
would have been determined (net of any accumulated
amortisation or depreciation) had no impairment loss
has been recognised for the asset in prior years.

k) Segment reporting

An operating segment is a component of the Company
that engages in business activities from which it may
earn revenues and incur expenses, including revenues
and expenses that relate to transactions with any of the
Company''s other components, and for which discrete
financial information is available. Operating segments are
reported in a manner consistent with the internal reporting
provided to the chief operating decision maker (''CODM'').
The Company''s Board of Director''s has been identified as
the CODM who is responsible for financial decision making
and assessing performance.

l) Earnings per share (''EPS'')

Basic earnings per share are calculated by dividing the net
profit or loss for the period attributable to equity shareholders
by the weighted average number of equity shares outstanding
during the period including equity shares that will be issued
upon the conversion of a mandatorily convertible instrument.

Diluted EPS amounts are computed by dividing the net
profit attributable to the equity holders of the Company by
the weighted average number of equity shares considered
for deriving basic earnings per share and also the weighted
average number of equity shares that could have been
issued upon conversion of all dilutive potential equity
shares. The diluted potential equity shares are adjusted
for the proceeds receivable had the shares been actually
issued at fair value (i.e. the average market value of the
outstanding shares). Dilutive potential equity shares are
deemed converted as at the beginning of the year, unless
issued at a later date. Dilutive potential equity shares are
determined independently for each year presented.

m) Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise
cash at banks and on hand, short-term deposits with an
original maturity of three months or less, which are subject
to an insignificant risk of changes in value.

n) Use of estimates and judgments

The preparation of financial statements in conformity with
the recognition and measurement principles of Ind AS
requires management of the Company to make estimates
and judgements that affect the reported balances of assets
and liabilities, disclosures of contingent liabilities as at the
date of standalone financial statements and the reported
amounts of income and expenses for the periods presented.

Estimates and underlying assumptions are reviewed on
an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimates are revised
and future periods are affected.

The Company uses the following critical accounting
judgements, estimates and assumptions in preparation of
its financial statements:

i. Leases

The Company evaluates if an arrangement qualifies
to be a lease as per the requirements of Ind AS 116.
Identification of a lease requires significant judgement.
The Company uses significant judgement in assessing
the lease term (including anticipated renewals) and
the applicable discount rate.

The Company determines the lease term as the non¬
cancellable period of a lease, together with both
periods covered by an option to extend the lease if
the Company is reasonably certain to exercise that
option; and periods covered by an option to terminate
the lease if the Company is reasonably certain not
to exercise that option. In assessing whether the
Company is reasonably certain to exercise an option
to extend a lease, or not to exercise an option to
terminate a lease, it considers all relevant facts and
circumstances that create an economic incentive for
the Company to exercise the option to extend the
lease, or not to exercise the option to terminate the
lease. The Company revises the lease term if there is a
change in the non-cancellable period of a lease.

The discount rate is generally based on the incremental
borrowing rate specific to the lease being evaluated or
for a portfolio of leases with similar characteristics.

ii. Useful lives of property, plant and equipment

The Company reviews the useful life of property, plant
and equipment at the end of each reporting period.
This reassessment may result in change in depreciation
expense in future periods.

iii. Impairment of investments in subsidiaries

The Company reviews its carrying value of investments
carried at cost (net of impairment, if any) annually,
or more frequently when there is indication for
impairment. If the recoverable amount is less than its
carrying amount, the impairment loss is accounted for
in the statement of profit and loss.

iv. Fair value measurement of financial instruments

When the fair value of financial assets and financial
liabilities recorded in the balance sheet cannot be
measured based on quoted prices in active markets,
their fair value is measured using valuation techniques
including the Discounted Cash Flow model. The inputs
to these models are taken from observable markets
where possible, but where this is not feasible, a
degree of judgement is required in establishing fair
values. Judgements include considerations of inputs
such as liquidity risk, credit risk and volatility. Changes
in assumptions about these factors could affect the
reported fair value of financial instruments.

v. Impairment of financial assets (other than at fair value)

Measurement of impairment of financial assets
require use of estimates, which have been explained
in the note on financial assets, financial liabilities and
equity instruments, under impairment of financial
assets (other than at fair value).

vi. Deferred tax assets

A deferred tax asset is recognised to the extent that it
is probable that future taxable profit will be available
against which the deductible temporary differences
and tax losses can be utilised. Accordingly, the Company
exercises its judgement to reassess the carrying amount
of deferred tax assets at the end of each reporting period.

vii. Provisions and contingent liabilities

The Company estimates the provisions that have
present obligations as a result of past events and it is
probable that outflow of resources will be required to
settle the obligations. These provisions are reviewed at
the end of each reporting period and are adjusted to
reflect the current best estimates.

The Company uses significant judgements to assess
contingent liabilities. Contingent liabilities are disclosed
when there is a possible obligation arising from past
events, the existence of which will be confirmed only
by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control
of the Company or a present obligation that arises
from past events where it is either not probable that
an outflow of resources will be required to settle the
obligation or a reliable estimate of the amount cannot
be made. Contingent assets are neither recognised nor
disclosed in the standalone financial statements.

viii. Employee benefits

The accounting of employee benefit plans in the
nature of defined benefit requires the Company to use
assumptions. These assumptions have been explained
under employee benefits note.

o) Recent accounting pronouncement

Ministry of Corporate Affairs ("MCA") notifies new standards
or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to
time. For the year ended 31 March 2025, MCA has notified
Ind AS - 117 Insurance Contracts and amendments to Ind
AS 116 - Leases, relating to sale and leaseback transactions,
applicable to the Company w.e.f.1 April 2024. The Company
has reviewed the new pronouncements and based on
its evaluation has determined that it does not have any
significant impact in its financial statements.

p) New and amended standards issued but not effective

On 7 May 2025, MCA notifies the amendments to Ind AS
21 - Effects of Changes in Foreign Exchange Rates. These
amendments aim to provide clearer guidance on assessing
currency exchangeability and estimating exchange rates when
currencies are not readily exchangeable. The amendments are
effective for annual periods beginning on or after 1 April 2025.
The Company is currently assessing the probable impact of
these amendments on its financial statements.

11 Equity share capital (Contd..)

B. Rights, preferences and restrictions attached to equity shares

The Company has only single class of Equity Shares having a par value of ^ 10. Accordingly, all equity shares rank equally with regard
to dividends and share in the Company''s residual assets. Each holder of equity shares is entitled to one vote per share. On winding
up of the Company, the holders of equity shares will be entitled to receive the residual assets of the Company, remaining after
distribution of all preferential amounts in proportion to the number of equity shares held.

C. Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought back
during the period of five years immediately preceding the reporting date.

There are no bonus shares issued and shares bought back during the period of five years immediately preceding reporting date.

During the year, the Company has raised a capital of Rs. 2,750 lakhs( Including Securities Premium of Rs 2,650 lakhs) by issuing
10,00,000 equity shares through private placement.

During the year, the Company has converted all outstanding 24,988 CCDs into equity shares in the pre-determined ratio of 28:1. and
accordingly equity shares issued were 6,99,664.

On 23rd August 2024 The company has acquired a 98.78% stake in NES Data Private Limited (previously known as Natural
Environment Solutions Private Limited) for 45,542 lakhs, through a share swap by issuing 1,29,38,448 shares, Natural Environment
Solutions Private Limited has been renamed NES Data Private Limited w.e.f 12 th September 2024

29 Fair value measurements

The fair values of the financial assets and liabilities are included at the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale.

Fair value hierarchy

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or
unobservable and consists of following:

Measurement of Fair Value

Level 1: Category includes financial assets and liabilities, that are measured in whole or in significant part by reference to published
quoted price (unadjusted) in an active market.

Level 2: Category includes financial assets and liabilities measured using a valuation technique based on assumptions that are supported
by prices from observable current market transactions.

Level 3: Category includes financial assets and liabilities measured using valuation techniques based on non market observable inputs.
This means that fair values are determined in whole or in part using a valuation model based on assumptions that are neither supported
by prices from observable current market transactions in the same instrument nor are they based on available market data.

The fair values of non-current loans/borrowings are based on discounted cash flows using a current rate. They are classified as level
3 fair values in the fair value hierarchy due to the use of unobservable inputs, including counterparty/own credit risk.

Fair value of cash and cash equivalent, bank balance other than cash and cash equivalents, trade receivables, trade payables,
and other current financial assets and liabilities approximate their carrying amounts largely due to the short-term maturities of
these instruments.

There are no transfers between levels 1 and 2 during the year.

30 Financial risk management

The Company''s activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk. The Company''s primary focus is
to foresee the unpredictability of financial markets and seek to minimise potential adverse effects on its financial performance.

The Company''s financial liabilities comprise of borrowings, trade payable and other liabilities to manage its operation and financial assets
include trade receivables, security deposits, loans and advances, etc, arises from its operation.

The Company''s senior management oversees the management of these risks. The Company''s senior management ensures that the
Company''s financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured
and managed in accordance with the Company''s policies and risk objectives. The Board of Directors reviews and agrees policies
for managing each of these risks, which are summarised below.

A. Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligation.

The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities,
including deposits with banks and financial institutions and other financial instruments.

30 Financial risk management (Contd..)

Credit risk is managed on an entity level basis. The Company has adopted a policy of dealing only with creditworthy counterparties
and obtaining sufficient collateral, where appropriate, as a means of mitigating risk of financial loss from defaults. The Company
invests only in those instruments issued by high rated banks/ institutions and government agencies. The Company assesses the
credit quality of the customer, taking into account its financial position, past experience and other factors. The Company''s loans
are considered to have low credit risk.

The Company periodically monitors the recoverability and credit risks of its other financials assets including security deposits and
other receivables. The Company evaluates 12 month expected credit losses for all the financial assets for which credit risk has not
increased. In case credit risk has increased significantly, the Company considers life time expected credit losses for the purpose of
impairment provisioning.

The Company has used a practical expedient by computing the expected credit loss allowance for trade receivables based on
a provision matrix. The provision matrix takes into account historical credit loss experience and adjusted for forward looking
information. The expected credit loss allowance is based on the ageing of the days for which the receivables are due and the
expected loss rates as given in the provision matrix.

B. Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities
that are settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as
possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions,
without incurring unacceptable losses or risking damage to the Company''s reputation.

30 Financial risk management (Contd..)

C. Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk. The above risks may affect the
Company''s income and expenses, or the value of its financial instruments. The Company''s exposure to and management of these
risks are explained below.

Interest rate risk

Interest rate risk is the risk that the fair value or the future cash flows of a financial instrument will fluctuate because of changes in
market interest rate risks. The Company does not have any interest rate risk as it has no variable rate borrowings as at any of the
reporting date.

Currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign
exchange rates. There are no material currency risk affecting the financial position of the Company as there are no material
transactions in currency other than functional currency of the Company.

Price risk

The Company''s exposure to price risk arises from investments held and classified in the balance sheet at fair value through profit
or loss. The Company does not have any price risk as at any of the reporting date.

31 Capital management

The Company''s capital includes issued equity capital and all other equity reserves attributable to the equity holders of the Company.
The Company objectives when managing capital are to:

- Safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and for other
stakeholders, and

- Maintain an optimal capital structure to reduce the cost of capital.

In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital
to shareholders or issue new shares.

The Company monitors capital using a gearing ratio, which is net debt divided by total equity. Net debt comprises of long term and short
term borrowings less cash and bank balances, equity includes equity share capital and reserves that are managed as capital. The gearing
at the end of the reporting period was as follows.

Employee benefit expense of the Company includes various short term employee expenses, defined benefits expenses, expenses toward
defined contribution on plans and other long-term employee benefits.

(a) Defined contribution plans

The Company makes provident fund contributions to defined benefit plan for qualifying employees. Under the Schemes, the
Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The contributions payable to
these plans by the Company are at rates specified in the rules of the schemes.

b) Defined Benefit Plans

The Company has unfunded defined benefit plan for payment of gratuity to all eligible employees calculated at specified number
of days of last drawn salary depending upon the tenure of service for each year of completed service subject to minimum service
of five years payable at the time of separation upon superannuation or on exit otherwise. These defined benefit gratuity plans are
governed by Payment of Gratuity Act, 1972.

Interest rates risk: While calculating the defined benefit obligation a discount rate based on government bonds yields of matching
tenure is used to arrive at the present value of future obligations. If the bond yield falls, the defined benefit obligation will tend to
increase and plan assets will decrease.

Salary risk: Higher than expected increases in salary will increase the defined benefit obligation

Demographic risks: Demographic assumptions are required to assess the timing and probability of a payment taking place. The
effects of this decrement on the DBO depend upon the combination salary increase, discount rate, and vesting criteria and therefore
not very straight forward.

(c) Compensated absences note

The Company provides for accumulation of compensated absences by certain categories of its employees. These employees can
carry forward a portion of the unutilized compensated absences and utilise them in future periods or receive cash in lieu thereof as
per the Company''s policy. The Company records a liability for compensated absences in the period in which the employee renders
the services that increases this entitlement.

The above analysis has been performed using P.U.C method. If an employee''s service in later years will lead to a materially
higher level of benefit than in earlier years, these benefits are attributed on a straight-line basis. The limitations are that in
assessing the change other parameters are kept constant. As some of the assumptions may be correlated, it is unlikely that
changes in assumptions will occur in isolation of one another. There is no change from the previous period in the methods and
assumptions used in the preparation of above analysis, except that the base rates have changed."

38 The Parliament has approved the Code on Social Security, 2020 which may impact the contribution by the Company towards
Provident Fund and Gratuity. The effective date from which the Code and its provisions would be applicable is yet to be notified and the
rules which would provide the details based on which financial impact can be determined are yet to be notified after which the financial
impact can be ascertained. The Company will complete its evaluation and will give appropriate impact in the financial statements
following the Code becoming effective and the related rules to determine the financial impact being notified.

39 Additional disclosure with respect to amendments to Schedule III

a. The Company has not been declared as Wilful defaulter by any lenders.

b. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

c. The provision related to number of layers as prescribed under section 2(87) of the Companies Act read with Companies (Restriction
on number of Layers) Rules, 2017 is not applicable to Company.

d. The Company has not entered into any scheme of arrangement which has an accounting impact on the current or previous
financial year.

e. The Company have not any 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).

f. The Company has not traded or invested in Crypto currency or Virtual Currency during the current financial year and any of the
previous financial years.

g. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for
holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

h. The Company did not enter into any transaction with Companies struck off from ROC records for the period ended 31 March 2025
and 31 March 2024.

i. Funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of
funds) by the company to or in any other person(s) or entity(ies) including foreign entities (intermediaries) with the understanding,
whether recorded in writing or otherwise, that the intermediary shall, whether 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 provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries

j. No funds have been received by the Company from or in any other person(s) or entity(is) including foreign entities (funding parties)
with the understanding, whether recorded in writing or otherwise, that the Company shall, whether 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

Note:

(a) In respect of aforementioned ratios there is no significant change (25% or more) in FY 2024-25 in comparison to FY 2023-24

As per our report of even date For and on behalf of the Board of Directors of

For Mehra Goel & Co TCC Concept Limited

Chartered Accountants

Firm Registration Number: 000517N

Roshan Daultani Umesh Kumar Sahay Abhishek Narbaria

Partner Chairman and Managing Director Director

Membership number: 137405 DIN: 01733060 DIN: 01873087

Place: Pune Rahul Jashvant Shah Divya Reejwani

Date: 24 May 2025 Chief Financial Officer Company Secretary

Membership number : F11670

---

Mar 31, 2024

B) Rights, preferences and restrictions attached to equity shares

The Company has only single class of Equity Shares having a par value of INR 10. Accordingly, all equity shares rank equally with regard to dividends and share in the Company’s residual assets. Each holder of equity shares is entitled to one vote per share. On winding up of the Company, the holders of equity shares will be entitled to receive the residual assets of the Company, remaining after distribution of all preferential amounts in proportion to the number of equity shares held.

C) Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date.

There are no bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding reporting date.

As per records of the Company, including its register of shareholders/ members and other declaration received from shareholders regarding beneficial interest, the above shareholding represent both legal and beneficial ownership of shares.

1. Basic EPS amounts are calculated by dividing the Net profit attributable to the equity shareholders of the Company by the Weighted average number of equity shares outstanding during the year.

2. Diluted EPS amounts are calculated by adjusting the Weighted average number of equity shares outstanding, for effects of all dilutive potential ordinary shares.

32. Financial risk management

The Company''s principal financial liabilities comprise trade payables and other borrowings. The main purpose of these financial liabilities is to finance the Company''s operations. The Company''s principal financial assets include security deposits, trade & other receivables, unbilled revenue and cash and short-term deposits that derive directly from its operations.

The Company is exposed to the following risks from its use of financial instruments:

- Credit risk

- Liquidity risk

- Market risk

This note presents information about the Company''s exposure to each of the above risks, the Company''s objectives, policies and processes for measuring and managing risk.

Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations resulting in a financial loss to the Company. Credit risk arises principally from trade receivables, unbilled revenue, cash & cash equivalents and deposits with banks.

Trade receivables and unbilled revenue

The Company earns its revenue from customers by providing Rentals, Brokerage, Leasing of equipments and Other Services.

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The Company performs ongoing credit evaluations of its customers'' financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. The Company also maintains allowances for potential credit losses. In estimating the required allowances, the Company takes into consideration the overall quality and ageing of the receivable portfolio, the existence of a limited amount of credit insurance and specifically identified customer and vendor risks.

The Company limits its exposure to credit risk from trade receivables by establishing a maximum credit period of 45 days for its customers. An impairment analysis is performed at each reporting date on an individual basis for major customers. The calculation is based on historical data.

Based on the business environment in which the Company operates, management considers that there is significant increase in credit risk for trade receivables if the payments are more than 30 days past due and the trade receivables are in default (credit impaired) if the payments are more than 90 days past due. The Company has not experienced any significant impairment losses in respect of trade receivables in the past years.

Since the Company has its customers spread over around the world, geographically there is no concentration of credit risk.

Cash and cash equivalents and deposits with banks

The Company held cash and cash equivalents and bank deposits with scheduled/nationalised banks in India.

(i) Exposure to credit risk

The carrying amount of financial assets represents the maximum credit exposure. The maximum exposure to credit risk at the reporting date was:

(ii) Provision for expected credit losses:

(a) Financial assets for which loss allowance is measured using 12 month expected credit losses

The Company has assets where the counter- parties have sufficient capacity to meet the obligations and where the risk of default is low.

(b) Financial assets for which loss allowance is measured using life time expected credit losses

The Company has customers with strong capacity to meet the obligations and therefore the risk of default is negligible. On account of the adoption of Ind AS 109, the Company uses ECL model to assess the impairment loss. The Company uses a provision matrix to compute the ECL allowance for trade receivables. Below mentioned is the movement of impairment loss recognised on financial assets using lifetime expected credit loss method.

Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

The Company’s finance team is responsible for liquidity and funding. In addition, processes and policies related to such risks are overseen by the senior management.

Maturities of financial liabilities

The following are the contractual maturities of non-derivative financial liabilities, based on contractual cash flows:

Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates will affect the Company’s income. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return.

Currency risk

The Company is not exposed to foreign currency risk as all transactions are denominated in a entity’s functional currency. Interest rate risk

The Company is not exposed to interest rate risk as the entity has not availed any loan from banks or financial institutions.

- Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities,

- Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i,e, as prices) or indirectly (i,e, derived from prices),

- Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs), The fair value of financial assets and liabilities included in Level 3 is determined in accordance with generally accepted pricing models based on discounted cash flow analysis using prices from observable current market transactions and dealer quotes of similar instruments,

The finance department of the Company includes a team that performs the valuations of financial assets and liabilities required for financial reporting purposes, including level 3 fair values, This team reports directly to the chief financial officer (CFO) and the audit committee (AC), Discussions of valuation processes and results are held between the CFO, AC and the valuation team at least once every three months,

The carrying amounts of short term trade receivables, short term loans and advances and cash & cash equivalents, unbilled revenue, trade and other payables are considered to be the same as their fair values, due to their short-term nature/receivable or payable on demand,

The fair values for security deposits was calculated based on cash flows discounted using a current lending rate/borrowing rate, They are classified as level 3 fair values in the fair value hierarchy due to the use of unobservable market inputs,

Valuation technique used to determine fair value:

- Fair value of forward foreign exchange contracts is determined using forward exchange rates at the balance sheet date taken from respective banks,

- Discounted cash flow approach; appropriate market borrowing rate of the entity as of each balance sheet date used for discounting

34. Capital management

The company’s capital management objectives are:

a, to ensure the Company’s ability to continue as a going concern

b, to provide an adequate return to shareholders

c, maintain an optimal capital structure to reduce the cost of capital

Management assesses the Company’s capital requirements in order to maintain an efficient overall financing structure while avoiding excessive leverage, This takes into account the subordination levels of the company’s various classes of debt, The company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets,

35. Events after the reporting period

The Company has evaluated subsequent event from the balance sheet date through May 28, 2024, the date at which financial statements were available to be issued and determined no event has occured that would require adjustment and disclosure in the financial statement,

37. Relationship with Struck off companies:

The Company did not enter into any transaction with Companies struck off from ROC records for the period ended 31 March 2024 and 31 March 2023.

38. a) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or

kind of funds) by the company to or in any other person(s) or entity(ies) including foreign entities (intermediaries) with the understanding, whether recorded in writing or otherwise, that the intermediary shall, whether 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries ,except as mentioned below

During the Year Company has advanced money to Tvisha Corporation advisors LLP to invest money in Capfin India Limited

b) No funds have been received by the company from or in any other person(s) or entity(ies) including foreign entities (funding parties) with the understanding, whether recorded in writing or otherwise, that the company shall, whether 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

d) Terms and conditions of transactions with the related parties

Transactions with the related parties are made on commercial terms and conditions and at market rates.

Outstanding balances of related parties at the year-end are unsecured and not interest free and settlement occurs via banking channels , For the year ended 31 March 2024, the Company has not recorded any impairment of receivables relating to amounts owed by related parties (31 March 2023: Nil), This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates,

40. Contingent Liabilities & Commitments ( to the extent not provided for)
Particulars of Contingent liabilities	As at 31 March 2024	As at 31 March 2023
Contingent Liabilities not provided for in respect of
a) Claims against the Company not acknowledged as debt	-	-
b) Guarantee given by the Company on behalf of other company	-	-
C) Others	-	-
Particulars of Commitments	As at 31 March 2024	As at 31 March 2023
a) Estimated amount of contracts remaining to be executed on capital account and not provided for	-	-
b) Uncalled liability on shares and other investments partly paid	-	-
C) Other commitments	-	-
The Company do not have any pending litigations on its financial position,

41. Leases

The Ministry of Corporate Affairs ("MCA”) through Companies (Indian Accounting Standards) Amendment Rules, 2019 and Companies (Indian Accounting Standards) Second Amendment Rules, had notified Ind AS 116 - Leases which replaced the erstwhile standard and its interpretations, Ind AS 116 had outlined the principles for the recognition, measurement, presentation and disclosure of leases for both lessees and lessors thereby introducing a single, on-balance sheet lease accounting model for lessees,

The Company’s lease asset classes primarily consist of leases for office spaces, The Company assesses whether a contract contains a lease, at inception of a contract, A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration, To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether : (i) the contract involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset,

At the date of commencement of the lease, the Company recognizes a right-of-use (ROU) asset and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of 12 months or less (short-term leases) and low value leases, For these short-term and low-value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease,

The lease liability is initially measured at amortized cost at the present value of the future lease payments, The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of these leases, Lease liabilities are remeasured with a corresponding adjustment to the related ROU asset if the Company changes its assessment of whether it will exercise an extension or a termination option,The incremental borrowing rate used was 8,85% depending on the amount involved and tenure of the lease agreement,

42. Dues to micro and small enterprises

The Ministry of Micro, Small and Medium Enterprises has issued an office memorandum dated 26 August 2008 which recommends that the Micro and Small Enterprises should mention in their correspondence with its customers the "Entrepreneurs Memorandum Number" as allocated after filing of the Memorandum. Accordingly, the disclosure in respect of the amounts payable to such enterprises as at 31 March 2019 has been made in the financial statements based on information received and available with the Company. Further in view of the management, the impact of interest, if any, that may be payable in accordance with the provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (''the Act’) is not expected to be material. The Company has not received any claim for interest from any supplier in this regard.

Explanation for variance

1. Current Ratio; The ratio has been impacted due to increase in security deposits and trade receivables

2. Return on Equity; The ratio has been impacted due to profit of current year

3. Trade receivables Turnover Ratio; The ratio has been impacted due to increase in average trade receivables and turnover.

4. Trade payables turnover ratio; The ratio has been impacted due to increase in average trade payables and turnover.

5. Net Capital turnover ratio; The ratio has been impacted due to increase in turnover

6. Net Profit Ratio; The net profit is increased due to increase in turnover

7. Return on Capital Employed; The ratio has been impacted due to increase in profit

44. Additional Notes

a. The Parliament has approved the Code on Social Security, 2020 which may impact the contribution by the Company towards Provident Fund and Gratuity. The effective date from which the Code and its provisions would be applicable is yet to be notified and the rules which would provide the details based on which financial impact can be determined are yet to be notified after which the financial impact can be ascertained. The Company will complete its evaluation and will give appropriate impact in the financial statements following the Code becoming effective and the related rules to determine the financial impact being notified.

b. The Company has not been declared as Wilful defaulter by any lenders.

c. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

d. The provision related to number of layers as prescribed under section 2(87) of the Companies Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable to Company.

e. The Company have not any 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).

f. The Company has not traded or invested in Crypto currency or Virtual Currency during the current financial year and any of the previous financial years.

45. Subsequent Event

The Company has evaluated subsequent event from the balance sheet date through May 28, 2024, the date at which financial statements

were available to be issued and determined no event has occurred that would require adjustment and disclosure in the financial statement.

46. Previous year comparatives

Previous year’s figures have been reclassified/rearranged/regrouped wherever necessary to conform to current

year’s presentation.

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Mar 31, 2023

Rights, preferences and restrictions attached to equity shares

The Company has only single class of Equity Shares having a par value of INR 10. Accordingly, all equity shares rank equally with regard to dividends and share in the Company''s residual assets. Each holder of equity shares is entitled to one vote per share. On winding up of the Company, the holders of equity shares will be entitled to receive the residual assets of the Company, remaining after distribution of all preferential amounts in proportion to the number of equity shares held.

Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding the reporting date

There are no bonus shares issued, shares issued for consideration other than cash and shares bought back during the period of five years immediately preceding reporting date.

1. The company has opted for section 115 BAA. As such, tax rate applicable to the compnay is 25.168%. Also, MAT provision is not applicable to the company.

2. The company has a brought forward business loss of Rs.0.07 lakhs. The company has decided not to claim such loss in the current financial year. As such, the company has not recognised deferred tax during current financial year.

Note:

1. Basic EPS amounts are calculated by dividing the Net profit attributable to the equity shareholders of the Company by the Weighted average number of equity shares outstanding during the year

2. Diluted EPS amounts are calculated by adjusting the Weighted average number of equity shares outstanding, for effects of all dilutive potential ordinary shares.

25 Financial risk management

The Company''s principal financial liabilities comprise trade payables and other borrowings. The main purpose of these financial liabilities is to finance the Company''s operations. The Company''s principal financial assets include security deposits, trade & other receivables, unbilled revenue and cash and short-term deposits that derive directly from its operations.

The Company is exposed to the following risks from its use of financial instruments:

- Credit risk

- Liquidity risk

- Market risk

This note presents information about the Company''s exposure to each of the above risks, the Company''s objectives, policies and processes for measuring and managing risk.

Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations resulting in a financial loss to the Company. Credit risk arises principally from trade receivables, unbilled revenue, cash & cash equivalents and deposits with banks.

Trade receivables and unbilled revenue

The Company earns its revenue from customers by providing mobile application development service.

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The Company performs ongoing credit evaluations of its customers'' financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. The Company also maintains allowances for potential credit losses. In estimating the required allowances, the Company takes into consideration the overall quality and ageing of the receivable portfolio, the existence of a limited amount of credit insurance and specifically identified customer and vendor risks.

The Company limits its exposure to credit risk from trade receivables by establishing a maximum credit period of 45 days for its customers. An impairment analysis is performed at each reporting date on an individual basis for major customers. The calculation is based on historical data.

Based on the business environment in which the Company operates, management considers that there is significant increase in credit risk for trade receivables if the payments are more than 30 days past due and the trade receivables are in default (credit impaired) if the payments are more than 90 days past due. The Company has not experienced any significant impairment losses in respect of trade receivables in the past years.

Since the Company has its customers spread over around the world, geographically there is no concentration of credit risk.

(ii) Provision for expected credit losses:

(a) Financial assets for which loss allowance is measured using 12 month expected credit losses

The Company has assets where the counter- parties have sufficient capacity to meet the obligations and where the risk of default is low.

(b) Financial assets for which loss allowance is measured using life time expected credit losses

The Company has customers with strong capacity to meet the obligations and therefore the risk of default is negligible. On account of the adoption of Ind AS 109, the Company uses ECL model to assess the impairment loss. The Company uses a provision matrix to compute the ECL allowance for trade receivables. Below mentioned is the movement of impairment loss recognised on financial assets using lifetime expected credit loss method.

Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates will affect the Company''s income. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return.

Currency risk

The Company is not exposed to foreign currency risk as all transactionsare denominated in a entity''s functional currency. Interest rate risk

The Company is not exposed to interest rate risk as the entity has not availed any loan from banks or financial institutions.

26. Contingent Liabilities & Commitments ( to the extent not provided for)
Particulars of Contingent liabilities	As at March 31, 2023	As at March 31, 2022
Contingent Liabilities not provided for in respect of a) Claims against the Company not acknowledged as debt	-	-
b) Guarantee given by the Company on behalf of other company	-	-
C) Others	-	-
Particulars of Commitments	As at March 31, 2023	As at March 31, 2022
a) Estimated amount of contracts remaining to be executed on capital account and not provided for	-	-
b) Uncalled liability on shares and other investments partly paid	-	-
C) Other commitments	-	-
The Company do not have any pending litigations on its financial position.

* Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as

- Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

- Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as

- Level 3: inputs for the asset or liabili ty that are not based on observable market data (unobservable inputs). The fair value of Thie finance department of the Cumpa ny includes a team that performs the valuat ions of fin ancial assets and liabilities requ ired for Tne ca^ying amou nts of s!ort term trade receivables, short term lo ans and advcnces an! chsh & casc equivalents, unbille d

The fair valade for secueity cieposks wac cakulated based on cash flows discounted using a cuhrent lending rate/borrowing aate. Valuatien technique used to dir term in e fair va lu e:

- Fair value of forward foreign exchange contracts is determined using forward exchange rates at the balance sheet date taken ¦ Discounted casfi flow approach; appropriate market borrowing rate of the entity as of each balance sheet date used for

28 Capital Management

The company''s capital management objectives are:

a. to ensure the Company''s ability to continue as a going concern

b. to provide an adqueate return to shareholders

c. maintain an optimal capital structure to reduce the cost of capital

Management assesses the Company''s capital requirements in order to maintain an efficient overall financing structure while avoiding excessive leverage. This takes into account the subordination levels of the company''s various classes of debt. The company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets.

29 Events after the reporting period

The Company has evaluated subsequent event from the balance sheet date through May 26, 2023, the date at which financial statments were available to be issued and determined no event has occured that would require adjustment and disclosure in the financial statement.

Relationship with Struck off

³¹ companies:

The Company did not enter into any transaction with Companies struck off from ROC records for the period ended 31 March 2023 and 31 March 2022.

32

a) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to or in any other person(s) or entity(ies) including foreign entities (intermediaries) with the understanding, whether recorded in writing or otherwise, that the intermediary shall, whether 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

b) No funds have been received by the company from or in any other person(s) or entity(ies) including foreign entities (funding parties) with the understanding, whether recorded in writing or otherwise, that the company shall, whether 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

Outstanding balances of related parties at the year-end are unsecured and interest free and settlement occurs in cash. For the year ended 31 March 2023, the Company has not recorded any impairment of receivables relating to amounts owed by related parties (31 March 2022: Nil). This assessment is undertaken each financial year through examining the financial position of the related party and the market in which the related party operates.

The Ministry of Micro, Small and Medium Enterprises has issued an office memorandum dated 26 August 2008 which recommends that the Micro and Small Enterprises should mention in their correspondence with its customers the "Entrepreneurs Memorandum Number” as allocated after filing of the Memorandum. Accordingly, the disclosure in respect of the amounts payable to such enterprises as at 31 March 2019 has been made in the financial statements based on information received and available with the Company. Further in view of the management, the impact of interest, if any, that may be payable in accordance with the provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (''the Act'') is not expected to be material. The Company has not received any claim for interest from any supplier in this regard.

Explanation for variance

1. Current Ratio: The ratio has been impacted due to increase in security deposits and trade receivables

2. Return on Equity: The ratio has been impacted due to profit of current year

3. Trade receivables Turnover Ratio: The ratio has been impacted due to increase in average trade receivables and turnover.

4. Trade payables turnover ratio: The ratio has been impacted due to increase in average trade payables and turnover.

5. Net Capital turnover ratio: The ratio has been impacted due to increase in turnover

6. Net Profit Ratio: The net profit is increased due to increase in turnover

7. Return on Capital Employed: The ratio has been impacted due to increase in profit

37 Subsequent Event

The Company has evaluated subsequent event from the balance sheet date through May 26, 2023, the date at which financial statments were available to be issued and determined no event has occured that would require adjustment and disclosure in the financial statement.

38 Previous year comparatives

Previous year''s figures have been reclassified/rearranged/regrouped wherever necessary to conform to current year''s presentation.

As per our report of even date attached

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Mar 31, 2014

1. Notes in compliance of Schedule Vi to the Companies Act, 1956

2.1 The details of bonus shares issued, shares issued for consideration otherwise than in cash and shares brought back in preceding five years:

The company has not issued any bonus shares, shares for consideration otherwise than in cash and has not brought back any shares in yea under review and preceding five years

2.2 Details of Unpaid calls due from Directors or officers

There were no unpaid calls due from Directors/Officers of the Company.

2.3 Rights of Shareholders, Dividend and Repayment of Capital:

Rights of Equity Share holders

a. Holder of equity shares is entitled to one vote per share.

b. The Company declares and pays dividends in Indian Rupees. The Companies Act, 1956 provides that any dividend be declared out of accumulated distributable profits only after the transfer to a general reserve of a specified percentage of net profit computed i accordance with current regulations.

c. In the event of liquidation of the Company, the holders of shares shall be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

3. During the year under review the company has made provision of Rs.1, 89,600/- for Income tax.

As regards deferred tax as per Accounting Standard - 22 (AS-22) on "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India, since there is a net deferred tax assets for the past years and for the current year. Considering the provisions of the As-22 and as a matter of prudence, the company has not recognized the said deferred tax assets while preparing the accounts for the year under audit.

4. The cost of purchase is arrived at after considering effect of any settlement reached with the suppliers during the year.

5. There are no micro and small enterprises, to which the company owes dues, which are outstanding for more than 45 days as at 31st March, 2014. This information as required to be disclosed under The Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

6. Segment reporting (Accounting Standard - 17):

The company has only one revenue segment — trading business. Hence, no separate segment wise information on Revenue, Results and Capital employed is given.

7. As regards adoption of accounting standard — 28 on "impairment of Assets" issued by The Institute of Chartered Accountants of India, does not have any impact on either profit for the year or on the net assets of the company as at year end..

8. Previous year figures have been regrouped / rearranged wherever necessary to confirm to this year''s figures.

---

Mar 31, 2013

1 The details of bonus shares issued, shares Issued for consideration otherwise than in cash and shares brought back In preceding I five years:

The company has not issued any bonus shares, shares for consideration otherwise than In cash and has not brought back any shares in yearl I under review and preceding five years.

b. The Company declares and pays dividends In Indian Rupeas. The Companies Act, 1956 provides ihatany dividend be declared oui| of accumulated distributable profits only after the transfer to a general resarva of a specified percentage of net profit computed In accordance with current regulations.

c. In the event of liquidation of the Company, the holders of shares snail be entitled to receive the remaining assets of the Company after distribution of all preferential amounts. Tha amount distributed will be in proportion to the number of equity shares held by the shareholders.

2. During the year under review the company has made provision of Rs.1,52,400/- for Income tax.

As regards deferred tax as per Accounting Standard - 22 (AS-22) on "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India, since there is no deferred tax assets or liabilities during the year, no provision for the same has been made.

3. The cost of purchase is arrived at after considering effect of any settlement reached with the suppliers during the year.

4. There are no micro and small enterprises, to which the company owes dues, which are out standing for more than 45 days as at 31st March, 2013. This information as required to be disclosed under The Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

5. Segment reporting (Accounting Standard - 17):

The company has only one revenue segment - trading business. Hence, no separate segment wise information on Revenue, Results and Capital employed is given.

6. Related parties disclosures (Accounting Standard - 18):

(i) Relationships

(a) Other related parties where control exists:

Krupa Printers

(ii) Transactions carried out with related parties referred to In (I) above are in ordinary course of business.

---

Mar 31, 2012

1.1 Reconciliation of number of shares outstanding:

The company has not issued or brought back any equity shares during the year under review .

1.2 Shares Held by holding/ultimate holding company and/or their subsidiaries/associates Out of issued, subscribed and paid up capital: Nil (Previous Year Nil) Equity Shares are held by holding company Nit (Previous Year Nif) Equity Shares are held by ultimate holding company Nil (Previous Year Nil) Equity Shares are held by subsidiary of holding company

Nil (Previous Year Nil) Equity Shares are held by associates of holding or ultimate holding company. . :

1.3 The details of bonus shares issued, shares issued for consideration otherwise than in cash and shares brought back In preceding five years:

The company has not issued any bonus shares, shares for consideration otherwise than in cash and has not brought back any shares in yeai under review and preceding five years ,

1.4 Details of Unpaid calls due from Directors or officers

There were no unpaid calls due from Directors/Officers of the Company.

1.5 Rights of Shareholders, Dividend and Repayment of Capital: .

Rights of Equity Share holders

a. Holder of equity shares is entitled to one vote per share.

b. The Company declares and pays dividends in Indian Rupees. The Companies Act, 1956 provides that any dividend bfe declared out of accumulated distributable profits only after the transfer to a general reserve of a specified percentage of net profit computed in accordance with current regulations.

c. in the event of liquidation of the Company, the holders of shares shall be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts. The amount distributed will be in proportion to the number of equity shares held by the shareholders

1.6 Appropriations out of Balance in Profit and Loss Account:

There is no appropriation out of Profit and Loss Account for the year/previous year.

2. During the year under review the company has made provision of Rs.1,37,300/-for Income tax.

As regards deferred tax as per Accounting Standard - 22 {AS-22) on Accounting for Taxes on Income issued by The Institute of Chartered Accountants of India, there is a net deferred tax asset as at year end. Considering the provisions of the AS-22 and as a matter of prudence, the company has not recognised the said deferred tax asset while preparing the accounts for the year under review. .

3. The cost of purchase is arrived at after considering effect of any settlement reached with the suppliers during the year. . '

4. There are no micro and small enterprises, to which the company owes dues, which are out standing for more than 45 days as at 31st March, 2012. This information as required to be disclosed under The Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the company.

5. Segment reporting (Accounting Standard -17):

The company has only one revenue segment - trading business. Hence, no separate segment wise information on Revenue. Results and Capital employed is given.

6. Related parties disclosures {Accounting Standard - 18):

(i) Relationships

(a) Other related parties where control exists:

Krupa Printers . .

(ii) Transactions carried out with related parties referred to in (i) above are in ordinary course of business.

7. As regards adoption of accounting standard - 28 on Impairment of Assets” issued by The Institute of Chartered Accountants of India, dose not have any impact on either profit for the year or on the net assets of the company as at year end.. .

8. Previous year figures have been regrouped / rearranged wherever necessary to confirm to this year's figures.

9. Contingent liabilities not provided for:

(Rupee) As on Mar.31,12 Mar. 31,11

(i) Claims not acknowledged as debt NIL 3777911

---

Mar 31, 2010

1. Previous year figures have been regrcuped/rearranged wherever necessary to make them comparable with those of Current Year.

2. Micro and Small Scale business entities

There are no micro and small enterprises, to which the company owes dues, which are out standing for more than 45 days as ai 31st March, 2010. This information as required to be disclosed under The Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information, available with the company.

3. Additional Information pursuant to paragraph 3 and 4 of part II of Schedule VI of The Companies Act 1956.

4. The Company has only one revenue segment - trading business. Hence, no separate segment wise information on Revenue, Results and Capital employed is given.

5. Contingent liabilities not provided for:

(Rupees in lacs)

As on Mar.31,10 Mar,31, 09

(i) In respect of ted income tax demand not acknowledge by 37.78 37.78 the company

7. As regards deferred tax as per Accounting Standard (AS-22) on "Accounting for Taxes on Income issued by the Institute of Chartered Accountants of India, there is a net deferred tax assets as at year end. Considering the provisions of the AS-22 and as a matter of prudence, the company has not recognized the said deferred tax asset while preparing the accounts for the year under audit.

8. Related Parties Disclosures ( Accounting Standard - 18) 1. Relationships:-

(a) Other related parties where control exists :- (i) Krupa Printers

9. As regards adoption of accounting standard - 28 on "Impairment of Assets issued by The Institute of Chartered Accountants of India, does not have any impact on either profit for the never or on the net assets of the company as at year end.

---

Mar 31, 2009

1. Previous year figures have teen regrouped/rearranged wherever necessary to make them comparable with those of Current Year.

2. Micro and Small Scale business entites

There are no micro and small enterprises, to which the company owes dues, which are out standing for more than 45 days as at 31st March, 2009. This information as required to be disclosed under The Micro, Small and Medium Enterprises Development Act, 2006 has been determind to the extent such parties have been identified on the basis of information available with the company.

3. The Company has only one revenue segment - trading business. Hence, no separate segment wise information on Revenue, Results and Capital employed is given.

4. Contingent liabilities not provided for:

(Rupees in lacs) As on Mar.31,09 Mar.31, 08

(i) In respect of disputed income tax demand not acknowledge by 37.78 43.99 the company

5. As regards deferred tax as per Accounting Standard (AS-22) on "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, since there is no deferred tax assets or liabilities during the year no provision for the same has been made.

6. Related Parties Disclosures ( Accounting Standard - 18 )

Relationships :-

(a) Other related parties where control exists :- (i) Krupa Printers

7. As regards adoption of accounting standard - 28 on "Impairment of Assets" issued by The Institute of Chartered Accountants of India, does not have any impact on either profit for the year or on the net assets of the company as at year end.