13. CONTINGENT LIABILITY AND PROVISIONS

Full disclosure is made in the financial statements for all known contingent liabilities.

However, no provision is made in the accounts unless it becomes probable that a present obligation exists and
the outflow of resources is likely, i.e., the liability crystallizes.

Provisions are recognized when the Company has a present legal or constructive obligation as a result of
past events, it is probable that an outflow of resources will be required to settle the obligation, and a reliable
estimate can be made of the amount of the obligation.

Contingent liabilities are disclosed, unless the possibility of an outflow of resources embodying economic
benefits is remote.

1. (a) The amount of rent payable by the company to Kolkata Port Trust in respect of Kidderpore Stock Yard is
under dispute and the matter is sub-judice with the Hon'ble District Judge, Ali pore Judges Court, Kolkata.
The Company had been paying rent to Kolkata Port Trust at the demanded rate without prejudice since
February, 2007 by cheque, which had since been accepted by Kolkata Port Trust and duly encashed till July,
2011, when the outstanding came down to ' 602.72/- Lakhs.

In the month of August, 2011 Port Trust revised their demand for Rent upwardly to ' 7.65/Lakhs per month
as against their earlier demand of ' 4.20/- Lakhs per month. The Company, thereafter, stopped paying the
rent and submitted before the Hon'ble Court for inclusion of this matter in the original petition. Hence, no
further provision for rent from August, 2011 has been made in the accounts.

(b) Similarly, the company hiked the rent and service charges on the tenants at the above premises w.e.f.
August, 2011, which was disputed by the tenants. No rent / service charges from August, 2011 has been
received from the tenants and hence, has not been accounted for. The matter is under sub-judice.

3. Year-end balance confirmation letters have been obtained from certain parties in respect of Sundry Debtors,
Sundry Creditors, Advances (debit and credit), Security Deposits, and other receivables/ payables.

The Company is in the process of following up with the remaining parties to obtain the necessary balance
confirmations. The management, however, does not expect any material discrepancies in the balances as
recorded in the books of accounts.

4. Based on the information available with the Company and as certified by the management, there are no dues
payable to Micro, Small and Medium Enterprises as defined under the Micro, Small and Medium Enterprises
Development Act, 2006 as at March 31, 2026. Further, the suppliers have not intimated the Company regarding
their status as MSME registered enterprises under the said Act. Accordingly, disclosure relating to principal and
interest on such dues is not applicable.

6. The provisions of the Employees' State Insurance Act, 1948 are applicable to the Company, and the Company is
complying with the requirements of the Act in respect of eligible employees.

7. Disclosures in accordance with IND AS-19 on "Employees Benefit" :

a. Employee Benefit Plan:: The Employee Benefit Obligation as at Reporting Date amounts to Rs 57.49/- Lakhs
and has been classified Rs 34.48/- Lakhs under Non-Current Liabilities and Rs 23.01/- Lakhs under Current

Liabilities as per the Actuarial Report that has been prepared in accordance with applicable provisions, to
the extent they are relevant and material, under the relevant Actuarial Practice Standards/Guidance Notes
issued by the Institute of Actuaries of India.

b. Provident Fund & Pension Fund: The company makes contribution towards Employees Provident Fund
to Employees Provident Fund Authority of India (Govt. of India), on monthly basis in accordance to the
government norms.

8. The company acquired a piece of land under lease agreement for 99 years in the year 1992-1993 from M/s. The
East India Hotels Ltd., Kolkata, at a cost of ' 237.85/- Lakhs.

In compliance with the IND AS issued by the !CAI, the company has annually amortized the cost of the lease over
the lease period. i.e. 99 years equally.

Hence an amount of ' 2.40/- Lakhs has been charged to the Profit & Loss Account under Depreciation &
Amortization.

9. The company has received an amount of ' 700.00/- Lakhs from M/s. GSG Builders Pvt. Ltd. on account of advance
against property at Kolkata, under certain terms and conditions, mentioned in the MOU. The said M/ s. GSG
Builders Pvt. Ltd. filed a suit before the Hon'ble District Court, Alipore, 24 Parganas (S), against the company, for

11. Income and direct expenses in relation to segments is categorised based on items that are individually
identifiable to that segment. Certain expenses such as staff related expenses, travelling, telephones etc.,
which form a significant component of total expenses, are not specifically allocable to particular segments as
the underlying services are used interchangeably. The Company believes that it is not practicable to provide
segment disclosures relating to these costs and expenses, and accordingly these expenses are separately
disclosed as "unallocated" and directly charged against total income. Similarly depreciation is not specifically
allocable to particular segments.

14. Repair & Maintenance Expenditure

During the financial year, the Company has incurred an amount of Rs. 14.85/- Lakhs towards repair and
maintenance of the building situated at 3B, Lal Bazar Street, Martin Burn House, Alexander Court Building. The
nature of expenses includes routine and general repairs, maintenance of common areas, electricals, plumbing,
and interior works, which are essential for upkeep but do not alter the structural integrity or significantly
enhance the life or value of the capital asset.

Accordingly, the Company has accounted for this expenditure as a revenue expenditure in the Statement of Profit
and Loss, in line with the principles of Ind AS 16 - Property, Plant and Equipment, which requires capitalization
only where there is a probable future economic benefit in the form of enhancement of asset performance or
extension of useful life.

Further, the Company has availed Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime on the
said repair and maintenance expenses, based on the nature of services received and the usage of the premises
for business purposes. The ITC is considered eligible under Section 16(1) of the CGST Act, 2017, as the expenses
relate to routine maintenance of an asset used in the course or furtherance of business.

15. Advance for Purchase of Land

As at 31st March 2026, the balance of Other Current Assets includes Rs. 664.90/- Lakhs, representing trade
advances given to various parties for the intended purchase of land at different locations.

During the year, the Company has reviewed its operational requirements and decided not to proceed with the
acquisition of these lands. Accordingly, the said advances are now recoverable from the respective parties.
During the year Rs 18.30/- Lakhs has been recovered.

The Company is in the process of recovering the amounts, and based on management's assessment,
confirmations obtained from the parties, and legal enforceability of the claims, the full amount of Rs. 664.90/-
Lakhs is considered good and recoverable as on 31st March 2026.

16. Total amount of Bank Guarantee obtained from The Federal Bank Ltd., R. N. Mukherjee Road Branch, towards
Security Deposit for CESC Ltd., stood at ' 24.54/- Lakhs as on 31.03.2026.

17. Previous year's figures have been regrouped, reclassified, and rearranged wherever necessary to conform to the
current year's presentation. Such regrouping does not affect the previously reported profit, cash flows, or net
assets of the Company.

18. The Company is engaged in lending and financing activities and has granted loans and advances during the
year in the ordinary course of its business operations.

The Management has evaluated the applicability of the provisions of Section 45-IA of the Reserve Bank of India
Act, 1934 read with the directions and notifications issued by Reserve Bank of India relating to Non-Banking
Financial Companies ("NBFCs"), including the Reserve Bank of India (Non-Banking Financial Companies -
Registration, Exemptions and Framework for Scale Based Regulation) Directions, 2025 and the Amendment_
Directions, 2026 effective from April 1,2026.

As represented by the Management, the Company does not have any public funds, including indirect public
funds, and the aggregate asset size of the Company does not exceed Rs. 1,000 crore as at the reporting date.
However, the Company is engaged in lending activities, which constitutes "customer interface" under the
aforesaid RBI Directions.

Further, based on preliminary evaluation of the principal business criteria generally referred to as the "50-50
test", the Company's financial assets and income from financial activities exceed the prescribed thresholds
during lhe end of 31st March 2026. Accordingly, the Company falls within the regulatory framework applicable
to NBFCs under Section 45-IA of the Reserve Bank of India Act, 1934 and is required to obtain Certificate of
Registration as an NBFC.

The Management has taken serious cognizance of the matter. The Management is in consultation with legal
and professional advisors and has represented that appropriate corrective, regulatory and compliance actions,
including initiation of the process for obtaining Registration as considered necessary, shall be initiated by the
Company in accordance with applicable laws and regulations. Further, no adjustment has been made in these
financial statements in respect of the above matter.

19. Pursuant to Section 135 of the Companies Act, 2013, the Company is required to spend an amount of Rs. 0.07
Lakhs being 2% of the average net profits of the three immediately preceding financial years on Corporate Social
Responsibility (CSR) activities. During the year, the Company has spent Rs. 0.60 Lakhs towards CSR activities as
specified in Schedule VII to the Companies Act, 2013. Hence there is no amount remained unspent at the end of
the financial year.

7 Intangible Assets under development :: No such asset is under the process of development.

8 Benami Property :: No Benami property held by the Company.

9 Borrowing on the basis of security of Current Assets :: Company didn't borrow from banks or financial
institutions on the basis of security of Current Assets.

10 Wilful Defaulter :: Company is not declared wilful defaulter by any bank or financial institution or other lender.

11 Relationship with Struck off Companies :: Company didn't have any transaction with struck off Companies
u/s 248 of the Companies Act 2013 or u/s 560 of the Companies Act 1956

12 Registration of charges or satisfaction with ROC :: Not applicable13 Compliance with number of layers of Company prescribed u/s 2(87) of the Act read with Companies

15 Compliance with approved Scheme of Arrangements :: Not Applicable

16 Utilisation of Borrowed Funds and share premium ::

(A) Company didn't advance, loan or invest funds to any other person or entity including foreign entity with
the understanding that the intermediary shall

(i) Directly or indirectly lend, invest in other person or entity on behalf of the Company.

Or (ii) provide any guarantee, security on behalf of the Company.

(B) Company didn't received any fund from any person or entity including foreign entity with the understanding
that the Company shall

(i) Directly or indirectly lend, invest in other person or entity on behalf of the funding party.Company.
Or (ii) provide any guarantee, security on behalf of the Funding party.

17 Undisclosed Income :: Company didn't have any undisclosed income during FY 2025-26

18 Corporate Social Resposibility :: Section 135 of the Companies Act, 2013 applied first time to the Company
during previous year & the Company has spent Rs 0.06 Lakhs during the FY 2025-26 towards CSR activities
included under 'Other Expenses'.

(a) Gross amount required to be spent by the Company during the year Rs 0.07 Lakhs.

(b) Amount approved by the Board Rs. 0.60 Lakhs & spent during the year Rs 0.60 Lakhs.

(c) Un-spent amount : Nil.

19 Trading of Crypto Currency or Virtual Currency :: Company didn't trade in Crypto Currency or Virtual Currency
during FY 2025-26