q. Provisions, Contingent Liabilities and Contingent Assets:

"A provision is recognised if, as a result of a past event, the group has a present legal or constructive obligation that
canbe estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation.

Provisions for onerous contracts are recognized when the expected benefits to be derived by the Compa¬
ny from a contract are lower than the unavoidable costs of meeting the future obligations under the contract.

A disclosure for contingent liabilities is made where there is a possible obligation or a present obligation that may
probably not require an outflow of resources or an obligation for which the future outcome cannot be ascertained
with reasonable certainty. When there is a possible or a present obligation where the likelihood of outflow of
resources is remote, no provision or disclosure is made."

Contingent assets are neither recognized nor disclosed in financial statements.

Note: On 21st March 2025, the Company had issued and allotted 5,65,000 equity shares having face value of Rs. 10 each by way
of Preferential issue at an issue price of Rs. 245 per equity share to the promoter M/s Mahshri Enterprises Private Limited, duly
approved by special resolution passed by the members in the Extra- ordinary general meeting.

13.2 Terms / rights attached to Equity Shares:

The Company has only one class of equity shares having a par value of Rs. 10/-. Each holder of equity shares is entitled to
one vote per share. The Company declares and pays dividends if any, in Indian rupees. The dividend proposed, if any, by
the Board of Directors is subject to the approval of the Shareholders at the ensuing Annual General Meeting, except in case
of interim dividend.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the 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.

The Company has made an excess expenditure under its CSR policy to the extent of Rs. 0.53 lakhs as on 31st March 2025.
Nature of CSR activities

During the year, the Company has incurred a sum of Rs. 6.50 Lakhs towards CSR expenditure as per policy laid down pur¬
suant to the provisions of Companies Act, 2013 and rules framed thereunder. The Company under its CSR policy, affirms
its commitment of seamless integration of marketplace, workplace, environment and community concerns with business
operations by undertaking activities / initiatives that are not taken in its normal course of business and/or confined to only
the employees and their relatives and which are in line with the broad-based list of activities, areas or subjects that are set
out under schedule VII of the Companies Act, 2013.

26 Segment Reporting

"The Company's Board of Directors have been identified as the Chief Operating Decision Maker (CODM) as defined
under Ind AS 108 ""Operating Segments"". The CODM evaluates the Company's performance and allocated the resourc¬
es based on an analysis of various performance indicators . The Company is primarily engaged in the business of fi¬
nancial services related to investments. The same has been considered as business segment and the management con¬
siders these as a single reportable segment. Accordingly, disclosure of segment information has not been furnished.

H

31 Financial risk factors

The Company's principal financial liabilities comprise loans and borrowings, advances and trade and other payables. The
purpose of these financial liabilities is to finance the Company’s operations and to provide to support its operations. The
Company’s principal financial assets include loans, trade and other receivables, and cash and cash equivalents that derive
directly from its operations.

The Company's activities exposes it to Liquidity Risk, Market Risk and Credit risk. The Board of Directors reviews and
agrees policies for managing each of these risks, which are summarised as below.

(a) Liquidity risk

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled
by delivering cash or another financial asset. Liquidity risk management implies maintenance of sufficient cash including
availability of funding through an adequate amount of committed credit facilities to meet the obligations as and when due.

The Company manages its liquidity risk by ensuring as far as possible that it will have sufficient liquidity to meet its short
term and long term liabilities as and when due. Anticipated future cash flows are expected to be sufficient to meet the liquid¬
ity requirements of the Company. The Company does not have any undrawn borrowing facilities with the Banks / Financial
institutions.

(b) 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, such as
equity price risk and commodity risk. Financial instruments affected by market risk includes investment, deposits, foreign
currency receivables and payables. The Company's treasury team manages the Market risk, which evaluates and exercises
independent control over the entire process of market risk management.

30 Financial instruments

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.

The following methods and assumptions were used to estimate the fair values:

1. Fair value of cash and short-term deposits, trade and other short term receivables, trade payables, other current liabilities,
short term loans from banks and other financial institutions approximate their carrying amounts largely due to short term
maturities of these instruments.

2. Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as
interest rates and individual credit worthiness of the counterparty. Based on this evaluation, allowances are taken to account
for expected losses of these receivables. Accordingly, fair value of such instruments are not materially different from their
carrying amounts."

The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation
technique:

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

Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable,
either directly or indirectly.

Level 3: techniques which use inputs that have a significant effect on the recorded fair value that are not based on observable
market data.

31 Financial risk factors

The Company's principal financial liabilities comprise loans and borrowings, advances and trade and other payables. The
purpose of these financial liabilities is to finance the Company’s operations and to provide to support its operations. The
Company’s principal financial assets include loans, trade and other receivables, and cash and cash equivalents that derive
directly from its operations.

The Company's activities exposes it to Liquidity Risk, Market Risk and Credit risk. The Board of Directors reviews and
agrees policies for managing each of these risks, which are summarised as below.

(a) Liquidity risk

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled
by delivering cash or another financial asset. Liquidity risk management implies maintenance of sufficient cash including
availability of funding through an adequate amount of committed credit facilities to meet the obligations as and when due.

The Company manages its liquidity risk by ensuring as far as possible that it will have sufficient liquidity to meet its short
term and long term liabilities as and when due. Anticipated future cash flows are expected to be sufficient to meet the liquid¬
ity requirements of the Company. The Company does not have any undrawn borrowing facilities with the Banks / Financial
institutions.

(b) 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, such as
equity price risk and commodity risk. Financial instruments affected by market risk includes investment, deposits, foreign
currency receivables and payables. The Company's treasury team manages the Market risk, which evaluates and exercises
independent control over the entire process of market risk management.

(i) Foreign currency risk

Foreign currency risk can only arise on financial instruments that are denominated in a currency other than the functional
currency in which they are measured. The Company's functional and presentation currency is INR. The Company does not
have any foreign currency transactions and hence is not exposed to the Foreign Currency Risks.

(ii) Interest rate risk

Interest rate risk is the risk that the fair value of future cash flows of the financial instruments will fluctuate because of
changes in market interest rates. The Company's does not have any long term borrowings. Hence, the Company is not ex¬
posed to the interest rate risk.

(c) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counter-party fails to meet its contractual obligations.
The Company is exposed to credit risks from its operating activities, primarily trade receivables, cash and cash equivalents,
deposits with banks and other financial instruments.

Credit risk is managed by the Company through credit approvals, establishing credit limits and continuously monitoring the
credit worthiness of customers to which the Company grants credit terms in the normal course of business.

(d) Financial risk factors
Capital risk management

The Company’s objectives when managing capital are to :

(i) safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and
benefits for other stakeholders, and

(ii) maintain an optimal capital structure to reduce the cost of capital

"In order to maintain or adjust the capital structure, the Company may issue new shares, adjust the amount of dividends paid
to shareholders etc. The Company's policy is to maintain a stable and strong capital structure with a focus on total equity
so as to maintain investor, creditors and market confidence and to sustain future development and growth of its business.
The Company will take appropriate steps in order to maintain, or if necessary adjust, its capital structure."

32 The books of accounts of the company are maintained in Corporate Office situated at 60 Khatau Building Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai- 400001, Maharashtra and were checked thereat by the Auditors of the Company.

33 The Company did not have any long- term contracts including derivative contracts for which there were any material fore¬
seeable losses.

34 The Company has complied with number of layers of subsidiaries as prescribed under Section 186(1) of the Companies Act
read with Companies (Restriction on number of layers) Rules, 2017.

35 The company does not have transactions with the companies struck off under section 248 of Companies Act ,2013.

36 The Company does not have any Benami property, where any proceeding has been initiated or pending against the Compa¬

ny for holding any Benami property.

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

38 The Company has not been declared wilful defaulter by any bank or financial institution or government or any government

authority.

39 The Company has 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).

40 There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund
by the Company.

41 The financial statements were approved for issue by the Board of Directors on 14th May, 2025

42 The figures of the previous year's have been regrouped or reclassified wherever necessary to make them comparable.

43 Figures have been rounded off to the nearest lacs of rupees.

44 Figures in Brackets indicate Negative figures.

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

For V N. Purohit & Co. Aryaman Financial Services Limited

Chartered Accountants
Firm Regn No. 304040E

Sd/- Sd/- Sd/-

O. P. Pareek Shripal Shah Shreyas Shah

Partner Director & CFO Director

Membership No. 014238 DIN:01628855 DIN:01835575

UDIN: 25014238BMJMBG3520 Place : Mumbai Place : Mumbai

Date: 14th May 2025 Date: 14th May 2025

Sd/-

Reenal Khandelwal

Place : New Delhi Company Secretary

Date : 14th May, 2025 PAN: DVAPK5780H

Place : Mumbai
Date: 14th May 2025