d. Claims, Provisions and Contingent Liabilities

The Company has ongoing litigations with various third parties / regulatory authorities. Where an outflow of funds is
believed to be probable and a reliable estimate of the outcome of the dispute can be made based on management's
assessment of specific circumstances of each dispute and relevant external advice, management provides for its best
estimate of the liability. Such accruals are by nature complex and can take number of years to resolve and can involve
estimation uncertainty. Information about such litigations is provided in notes to the financial statements.

e. Useful Life of Property, Plant and Equipment

Management reviews its estimate of the useful lives of depreciable/ amortisable assets at each reporting date, based on
the expected utility of the assets. Uncertainties in these estimates relate to technical and economic obsolescence that
may change the utility of software and other plant and equipment. This reassessment may result in change in depreciation
expense in future periods.

b. Terms / Rights attached to the equity shares

The Company has only one class of equity shares having par value of Rs. 10 per share. Each holder of equity share is entitled
to one vote per share. The Company declares and pays dividends in Indian Rupees. The dividend proposed by the Board
of Directors, if any, is subject to the approval of the shareholders in the ensuing 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 shareholders / members and other declarations received from

shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.

e. No shares have been reserved for issue under options and contracts/commitments for the same of shares/disinvestment
as at the balance sheet date.

f. No shares have been allotted or has been bought back by the company during the period of 5 years, preceding the date
as at which the balance sheet is prepared.

g. No Convertible securities have been issued by the company during the year.

h. No Calls are unpaid by any Director and officer of the company during the year.

i. The Company's objectives when managing capital is to safeguard continuity, maintain a strong credit rating and healthy
capital ratios in order to support its business and provide adequate return to shareholders through continuing growth
and maximise the shareholders value. The Company manages its capital structure and makes adjustments in light of
changes in economic conditions. To maintain or adjust the capital structure, the Company may adjust the dividend
payment to shareholders, return capital to shareholders or issue new shares.

Nature & Purpose of Reserves:

A. Capital Reserve

Reserve created on accounting of merger of subsidiaries.

B. Securities Premium

Securities premium reserve is used to record the premium on issue of shares. The reserve can be utilised only for limited
purposes such as issuance of bonus shares in accordance with the provisions of the Companies Act, 2013.

C. Capital Redemption Reserve

This reserve has been created and held in books as per requirement of the companies Act.

D. Reserve under Section 45-IC of the Reserve Bank of India Act, 1934

As prescribed by Section 45 IC of Reserve Bank of India Act, 1934, no appropriation of any sum from the reserve fund shall
be made by the Company except for the purpose as may be specified by RBI from time to time.

E. Retained Earnings

Retained earnings are the profits that the company has earned till date. Retained earnings includes re-measurement
(loss)/gain on defined benefit plans, net of taxes that will not be reclassified to statement of profit and loss. Retained
earnings is a free reserve available to the company and eligible for distribution to shareholders..

23. Gratuity and other post-employment benefit plans
Defined contribution plans

The Company makes contributions, determined as a specified percentage of employee salaries, in respect of qualifying
employees towards Provident fund and Employee State Insurance Scheme, which is a defined contribution plan. The
company has no obligations other than to make the specified contributions. The contributions are charged to the
Statement of Profit and Loss as they accrue.

Defined benefit plans

The Company has a defined employee benefit plan in the form of gratuity. Every employee, who has completed five years
or more of services, is entitled to gratuity on terms not less favourable than the provisions of the payment of Gratuity
Act, 1972. Liability as on the balance sheet date is provided based on actuarial valuation done by a certified actuary
using project unit credit method. The Gratuity plan provides a lump sum payment to vested employees at retirement,
disability or termination of employment being an amount based on the respective employee's last drawn salary and the
number of years of employment with the Company. The defined benefit plan expose the Company to actuarial risks, such
as longevity risk, interest rate risk and market (investment) risk.

The following tables summarise the components of net benefit expense recognised in the statement of profit or loss and
the funded status and amounts recognised in the balance sheet for the respective plans:

Discount rate: The discount rate is based on the 5 years government bond yields as at the balance sheet date for the estimated
term of the obligations.

Expected rate of return on plan assets: This is based on the expectation of the average long term rate of return expected on
investments of the fund during the estimated term of the obligations.

Salary escalation rate: The estimates of future salary increases considered taking into account the inflation, seniority, promotion
and other relevant factors.

The weighted average duration of the defined benefit obligation as at March 31, 2025 is 16 years (March 31, 2024: 21
years)

Description of risk exposure:

Valuations are performed on certain basic set of pre-determined assumptions and other regulatory frame work which may vary
over time. Thus, the Company is exposed to various risks in providing the above gratuity benefit which are as follows:

Interest rate risk:

The plan exposes the company to the risk of fall in interest rates. A fall in interest rates will result in an increase in the ultimate
cost of providing the above benefits and will thus result in an increase in the value of the liability (as shown in financial
statements).

Liquidity risk:

This is the risk that the Company is not able to meet the short-term gratuity pay outs. This may arise due to non-availability of
enough cash/cash equivalent to meet the liabilities or holding illiquid assets not being sold in time.

Salary escalation risk:

The present value of the defined benefit plan is calculated with the assumption of salary increase rate of plan participants
in future. Deviation in the rate of increase of salary in future for plan participants from the rate of increase in salary used to
determine the present value of obligation will have a bearing on the plan's liability.

Regulatory risk:

Gratuity benefit is paid in accordance with the requirements of the Payment of Gratuity Act, 1972 (as amended from time to
time). There is a risk of change in regulations requiring higher gratuity payouts.

Asset liability mismatching or market risk:

The duration of the liability is longer compared to duration of assets, exposing the Company to market risk for volatilities/fall
in interest rate.

Investment risk:

The probability or likelihood of occurrence of losses relating to the expected return on any particular investment.

The Company has been advised by its lawyers that none of the claims are tenable and is therefore contesting the same and
hence has not been provided for in the books. The future cash flows on account of the above cannot be determined unless the
judgements/decisions are received from the ultimate judicial forums. No reimbursements is expected to arise to the Company
in respect of above cases.

b. Other contingent Liability:

(i) The Company has provided Corporate Guarantee amounting Rs. 25.00 Lakhs (2023-24: Rs. 25.00 Lakhs) against credit
card facility availed from HDFC Bank Limited by Sastasundar Healthbuddy Limited (a subsidiary company). The amount of
facility / guarantee actually availed by the subsidiary as on the balance sheet date amounts to Rs. NIL (2023-24: Rs. 0.17
lakhs).

(ii) The Company has provided Corporate Guarantee amounting Rs. 10.00 Lakhs (2023-24: Rs. 10.00 Lakhs) against credit
card facility availed from HDFC Bank Limited by Retailer Shakti Supply Chain Private Limited (a step down subsidiary)
(merged with Sastasundar Healthbuddy Limited).

25. Related parties under Ind AS 24 with whom transactions have taken place during the year
Name of related parties and description of relationship
Related parties where control exists

a) Subsidiary Company

Microsec Resources Private Limited
Sastasundar Healthbuddy Limited
Innogrow Technologies Limited
Bharatiya Sanskriti Village Private Limited
Genu Path Labs Limited (Step-down Subsidiary)

Sastasundar Healthtech Private Limited (Step-down Subsidiary) (incorporated on July 18, 2024)

Microsec Wealth Management Limited (Step-down Subsidiary)

Retailer Shakti Supply Chain Private Limited (Step-down Subsidiary) (merged with Sastasundar Healthbuddy Limited
w.e.f. April 01,2023)

Myjoy Technologies Private Limited (Step-down Subsidiary)

Happymate Foods Limited (Step-down Subsidiary)

b) Limited Liability Partnership (Entities over which control is exercised)

Microsec Invictus Advisors LLP
Ruchika Advisory Services LLP
Alokik Advisory Services LLP
Dreamscape Advisors LLP
Stuti Advisory Services LLP

26.3 Valuation technique used
Investment in Unquoted mutual funds

The majority of equity instruments are actively traded on public stock exchanges with readily available active prices on
a regular basis. Such instruments are classified as Level 1. Units held in funds are measured based on their published net
asset value (NAV), taking into account redemption and/or other restrictions. Such instruments are generally Level 1. Equity
instruments in non-listed entities included investment in private equity funds are initially recognised at transaction price and
re-measured (to the extent information is available) and valued on a case-by-case and classified as Level 3.

There have been no transfer between Level 1,2 and 3 during the year ended March 31, 2025 and March 31, 2024.

27. Risk Management and financial objectives:

In order to avoid excessive concentrations of risk, the Company's policies and procedures include specific guidelines to focus
on maintaining a diversified portfolio. Identified concentrations of credit risks are controlled and managed accordingly.

The Company's financial liabilities comprise trade payables and other payables. The main purpose of these financial liabilities
is to finance the Company's operation. The Company's financial assets include investments & other receivables and cash &
cash equivalents. The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management
has the overall responsibility for establishing and governing the Company's financial risk management framework and
developing and monitoring the Company's financial risk management policies. The Company's financial risk management
policies are established to identify and analyze the risks faced by the Company, to set and monitor appropriate controls.

27.1. Market Risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three type of risk i.e. currency risk, interest rate risk and other price risk such as commodity price
risk and equity price risk. Financial instruments affected by market risk include trade payable, trade receivables, borrowings
etc. Currency risk is not applicable to the Company it is not involved in substantial foreign currency transactions. Interest Rate
risk is not applicable to the Company as it has not taken any debt.

27.1.1. Price Risk

The Company's investments in mutual funds and non-listed equity securities are susceptible to market price risk arising
from uncertainties about future values of the investment securities. The Company manages the equity price risk through
diversification and by placing limits on individual and total instruments. Reports on the portfolio are submitted to the
Company's senior management on a regular basis. The Company's Board of Directors reviews and approves all investment
decisions.

Price sensitivity analysis

Following table provides the sensitivity impact to a 1% appreciation/decline in NAV of mutual fund and readily available price

of listed equities investments as at the Balance Sheet date „ . , ,,

Rs. in lakhs

27.2. Credit Risk

Credit risk is the risk that counterparty will not meet its obligations resulting in financial loss to the Company.
Credit risk arises primarily from financial assets such as trade receivables, bank balances, loans, investments and
other financial assets. At each reporting date, the Company measures loss allowance for certain class of financial
assets based on historical trend, industry practices and the business environment in which the Company operates.
Credit risk with respect to trade receivables are not applicable as there is no outstanding trade receivables. Credit risk
arising from investments, financial instruments and balances with banks is limited because the counterparties are banks and
recognised financial institutions with high credit worthiness.

27.3. 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. Management monitors
rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis of expected cash flows. The
Company takes into account the liquidity of the market in which the entity operates.

28. Deferred Tax Assets (Net)

Deferred Tax Assets are recognised only to the extent it is probable that taxable profits will be available against which the
losses can be utilised. In the absence of reasonable certainty supported by convincing evidence regarding the availability of
future taxable profits, the net deferred tax assets amounting to Rs. 51.64 lakhs (March 31,2024: Rs. 40.26 Lakhs) have not been
recognised in the financial statements.

29. Segment reporting

The Company operates in only one business segment i.e."Financial Services - Core Investment Company" and in only one
geographic segment i.e India. Accordingly there are no separate reportable segments under Ind AS - 108 - Operating
Segments.

30. The Company is a Core Investment Company (CIC) and does not require registration as per notification no. DNBS.PD.CC.
No.274/03.02.089/2011-12 dated 11th May, 2012 and which was confirmed by Reserve Bank of India in the letter dated 16th
July, 2015. As per the said notification, a Company having an asset size of more than Rs. 100 crores and less than Rs. 500 crores

and not accessing public funds is exempt from registration as CIC-NDSI with RBI. Since, the company is not registered with RBI,
disclosures requirements as per Core Investment Companies (Reserve Bank) Directions, 2016 are not applicable.

31. Capital management

The Company's objectives when managing capital is to safeguard continuity, maintain a strong credit rating and healthy
capital ratios in order to support its business and provide adequate return to shareholders through continuing growth and
maximise the shareholders value. The Company manages its capital structure and makes adjustments in light of changes
in economic conditions. To maintain or adjust the capital structure, the Company may adjust the dividend payment to
shareholders, return capital to shareholders or issue new shares.

33. Loans or advances (repayable on demand or without specifying any terms or period of repayment) to specified
persons.

During the year ended March 31, 2025 the Company did not provide any Loans or advances which remains outstanding
(repayable on demand or without specifying any terms or period of repayment) to specified persons (March 31,2024: NIL)

34. Utilisation of Borrowed Fund & Share Premium

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: (a) directly or indirectly
lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party
(Ultimate Beneficiaries) or (b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.
The Company has not advanced or lent or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding that the Intermediary shall: (a) 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 (b) provide any
guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

35. With respect to Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014, the Company has used such accounting
software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has
been operated throughout the year for all transactions recorded in the software and the audit trail feature has not been
tampered with and the audit trail has been preserved by the company as per the statutory requirements for record retention.

37. Other Statutory Information

37.1. Benami Property

No proceeding has been initiated or pending against the group for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

37.2. Relationship with Struck off Companies

The Company has no transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

37.3. Crypto Currency

The Company has not traded or invested in Cryptocurrency transactions / balances during the current year and previous
financial year.

37.4. Undisclosed Income

"The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered
or disclosed as income during the year ended March 31, 2025 and March 31, 2024 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).

37.5. Wilful Defaulter

The Company is not a declared wilful defaulter by any bank or financial institution or other lender.

37.6. The Company is not getting covered under sec 135 of the Companies Act 2013 as the net worth or turnover or net profit
during immediate preceding financial year doesnot exceed the limit of the Sec 135(1) of the Companies Act, 2013 and as such
the provisions of CSR are not applicable on the Company.

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

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

37.9. Since the company has not taken any working capital loan from banks and/ or financial institutions during the year, it is
not required to file quarterly return/ statement to the banks and/or financial institutions.

37.10. No dividend has been paid or proposed by the Company during the financial year.

38. Previous year figures have been regrouped/reclassified, where necessary, to confirm to current year classification.

As per our report of even date

For J K V S & CO For and on behalf of the Board of Directors

Firm Registration No: 318086E Sastasundar Ventures Limited

Chartered Accountants

Utsav Saraf Banwari Lal Mittal Abha Mittal

Partner Chairman & Managing Director Di_rect_or

Membership No. 306932 DIN : 00365809 DIN _: 00519777

Place: Kolkata Lokesh Agarwal Pratap Singh

Date: May 30, 2025 Chief Financial Officer Company Secretary

ICSI Membership No. ACS24081