13.2 Rights, Preferences and restrictions attached to Shares:

The Company has Equity & Deferred Shares and all Equity & Deferred Shares rank equally with regard to dividend and share in the Company's residual assets. The Shareholders are entitled to receive dividend as declared from time to time. The voting rights of an equity shareholder inluding deferred shareholder on a poll (not on show of hands) are in proportion to its share in the paid- up equity capital of the Company. Voting rights cannot be exercised in respect of shares on which any call or other sums presently payable have not been paid. In the event of liquidation of the Company, the holders of shares will be entitled to receive the residual assets of the Company, remaining after distribution of all preferential amounts in proportion to the number of equity shares held.

14(a) Capital Subsidy Reserve

Capital Subsidy Reserve, represents the subsidy received from the Government in respect of capital investment made under the Central/State Government Investment Scheme.

14(b) General Reserve

General Reserve is the free Reserve arising out of profit earned by the company after appropriation till date.

14(c) Capital Redemption Reserve

Capital Redemption Reserve represents amount of buy back of company's own shares and redemption of preference shares by paying out of Securities Premium Account and General Reserve. This reserve can be utilised in accordance with the provision of Companies Act, 2013.

14(d) Capital Reserve on Revaluation on Land

Capital Reserve on revaluation of land was created at the time of revaluation of land (Stock in trade).This reserve is utilised at the time of sale of land.

14(e) Retained Earnings

Retained earnings represent the cumulative profits of the company and effect of re-measurement of defined benefit obligations. This reserve can be utilised in accordance with the Companies Act, 2013.

14(f) Other Comprehensive Income

Other comprehensive Income (OCI) represents fair value changes of specified items which will be classified to statement of profit and loss in future.

31.1 The Company is entitled for MAT Credit Entitlement (as per Income tax Return) amounting to Rs. 895 Lacs but was not adjusted in the books in the relevant previous years due to non probability of future taxable profit for utilising the MAT Credit Entitlement in the foreseeable future. Therefore, earlier years MAT Credit Entitlement has not been accounted for in the books in Current Year & will be adjusted in the Books in the year when it will utilised.

36 Loan Given (ICD)

No terms of repayment have been specified regarding loan granted to Farco Foods Private Limited, the wholly owned subsidiary of the Company, of Rs. 639.73 Lacs (Rs. 489.73 Lacs net of Provision) being 100 % of total loans and advances in the nature of Loan.

37 Balance of personal account of Trade Receivable, Trade Payable, Unsecured Loans, Loans and advances, Security Deposits and other has not been confirmed and are subject to confirmation by the parties.

38 The Company has not received the required information from its suppliers regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006. Hence disclosures, if any, relating to amounts unpaid as at the year end together with interest paid/ payable as required under the said Act could not be prepare.

40 Financial Instruments and Related Disclosures Capital Management:

The Company's financial strategy aims to support its strategic priorities and provide adequate capital to its businesses for growth and creation of sustainable stakeholder value. The Company funds its operations basically through internal accruals. The Company aims at maintaining a strong capital base largely towards supporting the future growth of its businesses as a going concern.

41 FINANCIAL RISK MANAGEMENT OBJECTIVES:

The Company's has proper system of risk management policies and procedure and internal financial control aimed at ensuring early identification Evaluation and Management of key financial risks (Such as credit risk, liquidity risk and market risk) that may cause as a consequence of business of operation as well as its investing and financial activities. Risk management policies and systems are reviewed regularly to reflect changes in market condition and the Company's activities.

The Company has exposure to the following risks arising from financial instruments:

- Credit Risk

- Liquidity Risk

- Market Risk Credit Risk :

The risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation.

The Company's historical experience of collecting receivables and the level of default indicate credit risk is low. The Company established an allowance for impairment that represents its expected credit losses in respect of trade receivable, loans and other receivable. During the year based on specific assessment, the Company has not recognised any trade receivable, loans and other receivable as bad debts.

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.

Prudent The company's approach to managing liquidity is to ensure, as far as possible, that the company will have sufficient liquidity to meets its liabilities when they are due under both normal and stressed conditions without incurring unacceptable loss or damage to the company's goodwill/ reputation .

The company's current assets aggregate to Rs. 17749.58 lacs, Rs. (22223.39) lacs against an aggregate current liability of Rs. 5561.05 lacs, Rs. (11,670.29) lacs. non current liability of Rs. 1865.50 lacs, Rs. (92.71) Lacs on the reporting date 31-03-2024 and Previous year ended (31.03.2023) respectively. Further, while the company's total equity Rs. 13378.84 lacs, Rs. (12481.84) lacs. It has total Borrowings Rs. 3143.86 lacs, Rs. (50.18) lacs .

In above circumstances, liquidity risk or the risk that the company may not be able to settle or meet obligations as they become due does not exist.

Market Risk :

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 types of risk: currency risk, interest rate risk and other price risk.

The Company is not an active investor in equity markets. The Company invests in mutual fund schemes of leading fund houses. Such an investments are susceptible to market price risk that arise mainly from changes in interest rate which may impact the return and value of such investments.

FAIR VALUE MEASUREMENT:

Fair Value Hierarchy:

Fair value of the financial instruments is classified in various fair value hierarchies based on the following three levels:

Level 1:

Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. A quoted price in an active market provides the most reliable evidence of fair value and shall be used without adjustment to measure fair value.

Level 2:

Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3:

Level 3 inputs are unobservable inputs for the asset or liability. Unobservable inputs shall be used to measure fair value to the extent that relevant observable inputs are not available.

The fair value of trade receivable, trade payable and current financial assets and liabilities is considered to be equal to the carrying amounts of these items due their short term nature.

42 The Government of India on September 20, 2019, vide the Taxation Law (Amendment) Ordinance 2019, inserted a new section 115BAA in the Income Tax Act, 1961 which provides domestic companies a non-reversible option to pay Corporate Tax at reduced rate effective, April 01,2019, subject to certain conditions. The Company is continuing to provide for income tax at old rates based on the available unutilised minimum alternative tax credit.

43 Previous year's figures have been regrouped/reclassified and restated wherever necessary to correspond with the current year's classification/ disclosure.

45 There are no charges or satisfaction yet to be registered with ROC beyond the statutory period.

46 The Company has not entered in any Scheme of Arrangements and no Scheme of Arrangements has been approved by the Competent Authority in terms of section 230 to 237 of the Companies Act 2013.

47 The Company did not hold any Benami Properties and no proceedings has been initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibiton) Act, 1988 (45 of 1988) and rules made thereunder.

48 The Company is not declared willful defaulter by any bank or financial institution or any other lender.

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

50 All transactions have been recorded in the books of account and no unrecorded income has been disclosed during the year in the tax assessments under the Income-Tax Act, 1961. Moreover there are no unrecorded income and related assets pertaining to previous years.

51 The Company has complied with the number of layers prescribed under (87) of section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017.

52 The Company did not enter into any transactions with Companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956. There is no outstanding balances with struck off Companies.

54 The Company has not advanced or loaned or invested funds to any other persons or entities (intermediary) with the understanding that the intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner what so ever by or on behalf of the Company or shall provide guarantee, security or the like to or on behalf of the Company.

55 The Company has not received any fund from any other persons or entities (Funding Party) with the understanding that the Company shall directly or indirectly lend or invest in other persons or entities identified in any manner what so ever by or on behalf of the Funding Party or shall provide guarantee, security or the like to or on behalf of the Funding Party.

58 Segment Reporting*

The Executive Management Committee being Board of Directors of the company examines the companies performance based on its products and has identified two reportable segments of its business:

a) Real Estate Business

b) Information Technology Business

Notes:

Revenue from single customer of more than 10% of company's total revenue Real Estate Business : Nil

Information Techonology Business: Revenue of 1521.94 Lacs from Maulana Azad National Urdu University, Hyderabad ‘Segment Reporting is applicable from the Current Year and therefore previous year figures have not been disclosed.

59 Approval of Financial Statements

The Financial Statement were approved for publication by the Board of Directors on 24th May, 2024.