Notes to Accounts of Vdeal System Ltd.

Mar 31, 2025

q. Provisions and contingencies

A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow
of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding
retirement benefits) are not discounted to their present value and are determined based on the best estimate required to settle the
obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best
estimates. Contingent liabilities are disclosed in the Notes. Contingent assets are not recognised in the financial statements.

r. Cash and cash equivalents

Cash comprises cash in hand and demand deposits with banks. Cash equivalents are short-term balances (with an original
maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known
amounts of cash and which are subject to insignificant risk of changes in value.

29 Details of Benami property held (If any proceedings have been initiated during the FY under Bona mi property Act)_

The company is not holding any benami property under the Benami Transactions (Prohibition) Act. 1988 (45 of 1988) and the rules made thereunder No proceedings have
been initialed or pending against the company under BT(P) Acl, 1988 & Rules made thereunder

.30 Relationship with Struck off companies_

As per the information available with the management. the company has not entered into any transactions with the companies who have been struck off under section 248 of
Companies Act 2013 or section 560 of Companies Act, 1956

31 Registration of charges or satisfaction with Registrar of Companies_

No charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

32 Investment in Crypto Currency

The Company has neither Traded nor Invested in Crypto or Foreign Currency during the Year.

33 Compliance with number of layers of companies

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules.
2017.

Further, the Company is neither a Subsidiary or Associate of another Company nor it lias any Scsidiary or Associate
14 Utilisation of Borrowed funds and share premium

the company has not advanced or loaned or invested any 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 understanding (whether recorded in writing or otherwise) that the Intermediary shall

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

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

the company has not received any fund from any person(s) or enlity(ies). including foreign entities (Funding Parly) with the understanding (whether recorded in writing or
otherwise) that the company shall

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Benefit laries) or
(it) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

The company does not have any property whose title deeds are not held in the name of the company, however the company has taken building on lease these Agreements are normally renewed on expiry.

37 The Company has no Investment Property during the period March 31, 2025, so there cannot be any revaluation of the same

38 The Company has not revalued its Property. Plant and Equipment during the period March 31. 2025.

39 The Company has not revalued any Intangible assets during the period March 31.2025

40 The company has followed accounting as per division I of schedule III of Companies act 2013. but has only disclosed those areas that are applicable to the company.

41 The company has no Intangible asset under development during the period March 31.2025

Previous year figures have been reclassified/regrouped to confirm the presentation requirements and the requirements laid down in Division-1 of the Schedule-Ill of the
Companies Act, 2013.

The Company has borrowings from banks or financial institutions on the basis of security of current assets

⁴³ The quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts

44 The company has not been declared as a wilful defaulter by any bank or financial Institution or other lender till the period ended March 31, 2025

45 No Undisclosed Income has been recorded in the Books of Accounts for Financial Year 2024-25.

46 During the year no Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act. 2013
49 Vdeal System Private Limited (CIN - U3II00OR2009PTC011396) has been converted to Vdeal System limited (CIN - L311000R2009PLC0113%) w e f 20th May. 2024

Balances of Trade Receivables. Trade Payables. Loans & Advances and other Advances are subject to confirmation from respec tive parties The management has represented
^ that receivables and payables amount under theses heads are realisable and payable at the stated values

51 The Company is having single reporting segment hence disclosure as require by the Accounting Standard 17 is not applicable

52 The Company has not declared any Dividend during the period March 31,2025

In the opinion of the Board of Directors, the value of realisation of current assets, advances and deposits in the ordinary course of Business would not be less than the amount at

⁵³ which they are staled in the financial statement

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Mar 31, 2024

Data Not Good