Notes to Accounts of Valencia India Ltd.

Mar 31, 2025

(b) Terms/ rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity share carries one vote and is entitled to dividend that may be

declared by the Board of Directors, which is subject to the approval of the shareholders in the Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company,after distribution of all preferential

amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

As per records of the Company, including its register of members and other declaration received from share holders regarding beneficiary interest, the above share holding represents both legal and beneficial ownership of shares.

Securities for term loans

A) Term loans of Rs. 67.70 Lakhs (Previous year :- Rs. 72.61 lakhs) including current maturity of long term debts as given in Note no. 8 from Bajaj Finance is primarily secured against Villa.

B) Vehicle loan from bank is secured against vehicle.

Term of Repayment

a) Term loan from Bajaj Finance of Rs. 34.80 Lakhs repayable in 120 principal installments of Rs. 0.58 Lakhs starting from April 2023. Rate of Interest is fixed at 13% p.a.

b) Term loan from Bajaj Finance of Rs. 32.90 Lakhs repayable in 120 principal installments of Rs. 0.57 Lakhs starting from August 2022. Rate of Interest is fixed at 12.50% p.a.

c) Vehicle loan from Axis Bank of Rs. 10.67Lakhs repayable in 60 principal installments of Rs. 0.40 Lakhs starting from February 2023. Rate of Interest is fixed at 16.50% p.a

d) Vehicle loan from HDFC Bank of Rs. 17.47 Lakhs repayable in 60 principal installments of Rs. 0.32 Lakhs starting from January 2024.

e) Loan from Hero Fincorp Bank of Rs. 7.36 Lakhs repayable in 36 principal installments of Rs. 0.73 Lakhs starting from March 2023. Rate of Interest is 18% p.a.

f) Term loan from Axis Bank of Rs. 491.67 Lakhs repayable in 120 principal installments of Rs. 4.17 Lakhs starting from March 2025. Rate of Interest is fixed at 9.68% p.a.

29 Capital commitment and contingent liabilities

a) Capital commitment

There are no capital commitment outstanding as at reporting date (as at March 31, 2024: Nil).

b) Contingent liabilities

There are no contingent liabilities

30 Additional Notes

(A) The title deeds of immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) are held in the name of the Company.

(B) The Company does not have any investment property.

C) The Company has not revalued its Property, Plant and Equipment and Intangible assets.

D) There are no loans or advances in the nature of loans are granted to Promoters, Directors, KMPs and their related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are outstanding as on 31st March, 2025:

(i) repayable on demand; or,

(ii) without specifying any terms or period of repayment.

E) The company is not declared willful defaulter by any bank or financial institution or other lender.

F) The company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

G) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

H) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the undrstanding (whether recorded in writing or otherwise) that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the company or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

I) The company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (Ultimate Beneficiaries) by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

J) No transactions has been surrendered or disclosed as income during the year in the tax assessment under the Income Tax Act, 1961. There are no such previously unrecorded income or related assets.

K) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

L) The Provision of Section 135 of the Companies Act 2013 in relation to Corporate Social Responsibility are not applicable to the Company during the year and hence reporting under this clause is not applicable.

³² The Company has considered the business segment as the primary reporting segment on the basis that the risk and returns of the Company is primarily determined by the nature of products and services. Consequently, the geographical segment has been considered as a secondary segment.

The business segment have been identified on the basis of the nature of products and services, the risks and returns, internal organisation and management structure and the internal performance reporting systems. The Business segment comprises of Clubs, Hotel and Restaurants. Geographical segment is considered based on sales within India.

33 Previous year figures have been regrouped/rearranged whenever necessary to conform to this current year''s classification.

34 Subsequent Events:

Subsequent to the balance sheet date, the Company has raised fresh issue of 44,49,600 equity shares of face value ?10 each via Initial Public Offering (IPO) in July 2025.

In accordance with Accounting Standard (AS) 4 - Events Occurring After the Balance Sheet Date, the aforesaid fresh issue is considered a non-adjusting event. Accordingly, no # adjustments have been made in these financial statements.

---

Mar 31, 2024

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