అకౌంట్స్ గమనికలుCaspian Corporate Services Ltd.

Mar 31, 2025

ivPROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

-Provisions are recognised when the Company has a present obligation(legal or constructive) as a result
of a past event, it is probable that an outflow of resources embodying economic benefits will be required
to settle the obligation and a reliable estimate can be made of the amount of the obligation.

-Contingent liability is disclosed in case of :

a) a present obligation arising from past events, when it is not probable that an outflow of resources will
be required to settle the obligation ; and

b) a present obligation arising from past events, when no reliable estimate is possible.

-Contingent assets are disclosed where an inflow of economic benefits is probable.
vEARNING PER SHARE

-Basic Earning per share is calculated by dividing the Net Profit after tax for the period attributable to
equity shareholders by the weighted average number of equity shares outstanding during the period.
-Diluted EPS is computed by dividing the profit after tax, as adjusted for dividend, interest and other
charges to expenses or income relating to the dilutive potential equity shares, by the weighted average
number of equity shares considered for deriving basis EPS and the weighted average number of equity
shares which could have been issued on the conversion of all dilutive potential equity shares.

viRecent accounting pronouncements

The Ministry of Corporate Affairs (MCA) notifies new standards or amendments to the existing
standards under Companies (Indian Accounting Standards) Rules as issued from time to time. On 12
August 2024, MCA amended the Companies (Indian Accounting Standards) Amendment Rules, as
below.

Amendments to Ind AS 117

MCA notified Ind AS 117 a comprehensive standard that prescribe, recognition,measurement and
disclosure requirements, to avoid diversities In practice for accounting Insurance contracts and It
applies to all companies i.e.. to all insurance contracts regardless of the issuer. However Ind AS 117 is not
applicable to the entities whose are insurance companies registered with IRDAI.

Additionally,amendments have been made to Ind AS 101 First time Adoption of Indian Accounting
Standards Ind AS 103 Business Combinations.

AS 105 Non-current Assets Held for Sale and Discontinued Operations, Ind AS 107 Financial
Instruments: Disclosures ,Ind AS 109 Financial Instruments and Ind AS 115 Revenue from Contracts
with Customers to align them with Ind AS 117 The amendments also Introduce enhanced disclosure
requirements,particularly In Ind AS 107, to provide clarity regarding financial Instruments associated
with Insurance contracts.

Amendments to Ind AS 116

The amendments require an entity to recognise lease liability including variable lease payments which
are not linked to index or a rate In a way It does not result Into gain on Right or use asset It retains.

The Company has reviewed the new pronouncements and based on its evaluation has determined that
these amendments do not have a significant impact on the Company''s Financial Statements.

Notes: Bonus Issue

During the financial year 2024-25, the Company issued bonus shares in the ratio of 2:1 i.e., two equity
share for every one equity share held) to the existing shareholders, by from the balance of security
reserves.

Number of bonus share issued: 8,44,00,000 Face value per share: Rs. 1
Record Date: 09 August, 2024

The bonus issue was made in compliance with the provisions of Section 63 of the Companies Act, 2013
and in accordance with the relevant provisions of Ind AS 33

During the year, the Company issued bonus shares in the ratio of 2:1 on 09 August 2024, allotting two
equity shares for every one held, out of the securities premium account. In line with Ind AS 33 (para 26),
earnings per share for the year ended 31 March 2024 has been retrospectively adjusted as if the bonus
issue occurred at the beginning of the earliest period presented.

22. The Balances of GST Input Ledgers as per Books are subject to reconciliation with Balances as per
GST Returns and consequential adjustmnets thereof.

23. Previous year figures are regrouped wherever necessary.

24. The Balances of Debtors, Creditors and Loans & Advances are subject to Confirmation and
Reconciliation.

For MAAK and Associates For and on behalf of the Board of Directors

Firm Registration No.: 135024W Caspian Corporate Services Limited

Chartered Accountants

CA Marmik Shah Sukumar Reddy Garlapati Venkatesh Velinani

Partner Director Director

Membership No. 133926 DIN:00966068 DIN:09391446

Place: Ahmedabad Place: Hyderabad Place: Hyderabad

Date: 26/05/2025 Date: 26/05/2025 Date: 26/05/2025

UDIN : 25133926BMJGXU4028

Laxmi Narayana Punna Sarfraz Mulla

Chief Financial Officer Company Secretary

PAN:ATIPP6084C PAN:BWIPM3845A

Place: Hyderabad Place: Hyderabad

Date: 26/05/2025 Date: 26/05/2025

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Mar 31, 2024

ix. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

- Provisions are recognised when the Company has a present obligation(legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.

- Contingent liability is disclosed in case of :

a) a present obligation arising from past events, when it is not probable that an outflow of resources will be required to settle the obligation ; and

b) a present obligation arising from past events, when no reliable estimate is possible.

- Contingent assets are disclosed where an inflow of economic benefits is probable.

x. EARNING PER SHARE

- Basic Earning per share is calculated by dividing the Net Profit after tax for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

- Diluted EPS is computed by dividing the profit after tax, as adjusted for dividend, interest and other charges to expenses or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basis EPS and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

xi. Recent accounting pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards) Rules as issued from time to time. On April 01, 2023, MCA amended the Companies (Indian Accounting Standards) Amendment Rules, 2023, as below:

Ind AS 1 - Presentation of Financial Statements - This amendment requires the entities

to disclose their material accounting policies rather than their significant

accounting policies. The effective date for adoption of this amendment is annual periods

beginning on or after April 1,2023. The Company has evaluated the

amendment and the impact of the amendment is insignificant in the standalone

financial statements.

Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors - This

amendment has introduced a definition of ''accounting estimates'' and included

amendments to Ind AS 8 to help entities distinguish changes in accounting policies from

changes in accounting estimates. The effective date for adoption of this

amendment is annual periods beginning on or after April 1, 2023. The Company has

evaluated the amendment and there is no impact on its standalone financial

statements.

Ind AS 12 - Income Taxes - This amendment has narrowed the scope of the initial recognition exemption so that it does not apply to transactions that give rise to equal and offsetting temporary differences. The effective date for adoption of this amendment is annual periods beginning on or after April 1,2023. The Company has evaluated the amendment and there is no impact on its standalone financial statement

Note-1 :-

Current ratio increased mainly due to decrease in current liabilities in current year. Note-2 :-

Return on equity ratio increased in current year primarily due to increase in net profit after tax.

Note-3 :-

Net capital turnover ratio increased due to increase in sales and increase in working capital during the current year.

Note-4 :-

Sale of services is increased under consideration during to that profit of the company is increased.

21 Gratuity expense is recognised at the time of payments made to the employees

22 The balances of GST input ledgers as per books are subject to reconciliation with balances as per GST returns and consequential adjustments thereof.

23 Previous year figures are regrouped wherever necessary.

The accompanying notes form an integral part of financials statements As per our report of even date

For, MAAK and Associates For and on behalf of Board of Directors of

[Firm Registration No. 135024W] CASPIAN CORPORATE SERVICES LIMITED Chartered Accountants (Formerly Known as INTELLIVATE CAPITAL

ADVISORS LIMITED)

CA Marmik Shah Sukumar Reddy Garlapathi Sampath Rao

Partner Managing Director Director

Mem. No. 133926 DIN:00966068 DIN:07999868

Place: Ahmedabad Place: Hyderabad Place: Hyderabad

Date: 30/05/2024 Date: 30/05/2024 Date: 30/05/2024

^UDIN: 24-133⁹2^6BKCjPW⁶⁰⁸⁸ Laxmi Narayana Punna Hema Advani

Chief Financial Officer Company Secretary

PAN:ATIPP6084C PAN:BENPA4139L

Place: Hyderabad Place: Hyderabad

Date: 30/05/2024 Date: 30/05/2024

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Mar 31, 2023

(a) Terms/rights attached to equity shares:

The Company has only one class of equity shares having par value of Rs. 1 per share. Each holder of equity shares is entitled to one vote per share.

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.

During the year interest income is booked by considering the prevailing yield of Government Security closest to the period for all the loans which resulted to increase in balance of current assets. Further Sale of services is increased under consideration and which leads to increase in debtor''s balance.

Note-2 :-

Sale of services increase under consideration and corresponding profit for the year is increased. Further company has made preferential allotment of share with securities premium during the year and hence Capital base of the company is increased during the year.

Note-3 :-

Sale of services is increased under consideration and which resulting to increasing debtor balance.

Note-4 :-

Balance of loans and advances given is increased and due to that current assets is increased. Further Sale of services is increased under consideration and which resulting to increasing debtor balance and profit for the year.

Note-5 :-

Sale of services is increased under consideration during to that profit of the company is increased. Further company has made preferential allotment of share with securities premium during the year and hence Capital base of the company is increased during the year.

21 Gratuity Expense is recognised at the time of payments made to the Employees.

22 The Balances of GST Input Ledgers as per Books are subject to reconciliation with Balances as per GST Returns and consequential adjustmnets thereof.

23 Previous year figures are regrouped wherever necessary.

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Mar 31, 2018

1. CORPORATE INFORMATION

INTELLIVATE CAPITAL ADVISORS LIMITED (‘the Company'') is a public limited company incorporated and domiciled in India and has its registered office at 66/1, Hansa Villa, Opp. Indian Gymkhana, Bhaudaji Cross Road, Matunga (C.R), Mumbai 400019. The Company has its primary listings on the Bombay Stock Exchange (BSE). These financial statements have been approved for issue by the Board of Directors at their meeting help on May 28,2018.

The Company is engaged in the business of providing Advisory & Consultancy Services.

2. BASISOF PREPARATION AND MEASUREMENT

i. STATEMENTOF COMPLIANCE WITH IND AS

The Company''s Financial Statement as at the end for the year ended March 31^st ,2018 have been prepared in accordance with provisions of the Indian Accounting Standards(“Ind AS”) notified under the Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Amendments Rules, 2016.

For all the period upto and including the year ended March 31, 2017, the Company prepared its financial statements in accordance with the requirement of previous GAAP, which includes Accounting Standards notified under sections 133 of the CompaniesAct2013 read together with Companies(Accounting Standards) Rules, 2016. The date of transition to Ind AS is April 1, 2016. These financial statements for the year ended March 31, 2018 are Company''s first Ind AS financial statements. The disclosures relating to Ind AS 101, First-time adoption of Indian Accounting Standards have been given in Note No. 4.

All assets and liabilities are classified as current or non-current as per the company''s normal operating cycle and other criteria set out in Schedule III to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for processing and their realisation in cash and cash equivalents, the company has ascertained its operating cycle as 12 months for the purpose of current/non-current classification of assets and liabilities.

ii. ACCOUNTING CONVENTION AND BASIS OF MEASUREMENT

The Financial statements have been prepared on the Historical Cost Convention and on an accrual basis, except for certain financial assets and liabilities including defined benefit plans - plan assets measured at fair value.

iii. USEOF JUDGMENTS, ESTIMATESANDASSUMPTIONS

The preparation of financial statements in conformity with Ind AS requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amount of assets, liabilities, income and expenses and the disclosures of contingent liabilities and contingent assets. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on a periodic basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected.

The area involving critical estimates and judgements are:

a. Useful lives of Property, plant and equipment and intangibles.

b. Measurement of defined benefit obligations.

c. Measurements and likelihood of occurrence if provisions and contingencies.

d. Recognition of deferred tax assets.

e. Impairment of Trade Receivables

3. Terms / Rights attached to the Equity Shares

The Company has only one class of Equity shares having a par value of Re. 1.00 per share (previous year Re. 1.00 per share) Each holder of the equity share is entitled to one vote per share. The company declares and pays dividend in Indian rupees. The dividend proposed by the board of directors is subject to the approval of the shareholders in the ensuing annual general meeting.

4. 30,55,481 Shares were alloted in the last 5 years pursuant to the Scheme of arrangement between Intellivete Capital Ventures Ltd, the demerged Company and Intellivate Capital Advisors Ltd, the First resulting Company and ICVL Chemicals Ltd, the Second resulting company and ICVL Steels Ltd, the Third resulting company and their respective shareholders became effective on 20^th January, 2012.

(a) The transactions entered with the related parties are in ordinary course of business and on arms length basis of the cos.

(b) Related parties relationship is as identified by the management and relied upon by the auditor.

(c) No amounts in respect of related parties have been written off/written back, nor provision made for doubtful during the year.

Note 5. Figures of Previous year have been rearranged / regrouped as and when necessary in terms of Current year''s grouping.

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Mar 31, 2015

Additional Disclosure 1(A) :

I) During the Financial year 2013-14 Equity shares of Rs. 10/- each subdivided into 10 shares of Rs 1/- each with effect from 1/10/2013 accordingly total number of equity shares are 31,054,810

ii) 30,55,481 Shares were allotted in the last 5 years pursuant to the Scheme of arrangement between Intelligent Capital Ventures Ltd, the demerged Company and Indelicate Capital Advisors Ltd, the First resulting Company and ICVL Chemicals Ltd, the Second resulting company and ICVL Steels Ltd, the Third resulting company and their respective shareholders became effective on20th January, 2012.

Note 1. (d) Rights, Preferences & Restrictions attach to equity shares

The Company has one class of Equity shares having par value of Rs 1/- per Share ( Previous Year Rs.10/- per share). Each shareholder is eligible for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim devid end. In the event of liquidation, the Equity Shareholder are eligible to receive the remaining assets of the company after distribution to all preferential amounts, in proportion to their shareholding.

Corporate information

Intellivate Capital Advisors Limited (the Company) is a Public Company and is incorporated under the provisions of The Companies Act,1956. The company is engaged in the Business of Consultancy and Advisory Services.

1. 'As regards compliance of Provision as per the requirement of Sec 22 of the Micro, Small and Medium enterprises act 2006 relating to dues to the Micro, Small and Medium enterprises. The company has not received from any parties claim to be small scale industries and the said information is not given.

2. 'Segment Information

The company is pirating only in one segment.

17.15 Related party disclosures under Accounting Standard -18 List of Related Parties where Control exists:

Samco Securities Limited (formerly- Samruddhi Stock Brokers Ltd)

Samco Ventures Private Limited

Samco Commodities Limited (formerly-Samruddhi Tradecom India Ltd)

Samruddhi Finstock Ltd

Bombay Exim Pvt Ltd

Jinal Finvest Pvt Ltd

Jimeet Developers Pvt Ltd

Ashwa Realty (India) Pvt Ltd

Galaxy Realty Pvt Ltd

Niralee Properties Pvt Ltd

High Rise Realty Pvt Ltd

Anish Properties Pvt Ltd

Saria Builders & Developers Pvt Ltd

Piyali Builders & developers Pvt Ltd

Rock Builders & Developers Pvt Ltd

Win Sure Trade Invest Private Limited

Hansa Villa Realty Private Limited

ICVL Steels Ltd

Intellivate Capital Ventures Ltd.

3. Retirement Benefits

'Long Term Employee Benefits are not provided because no employee has completed full year of service.

4. Provision for Taxes

Provision for current tax has been made as per the provisions of the Income Tax Act 1961.

5. 'In the opinion of Management, the Current Assets, Loans And Advances are approximately of the value as stated if realized in the ordinary course of business.

6. 'Balances standing to the debit/credit of parties is subject to confirmation by them and reviews by the Company.

7. The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current year's classification.

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Mar 31, 2014

1. Corporate information

Intellivate Capital Advisors Limited (the Company) is a Public Company and is incorporated under the provisions of The Comapnies Act,1956. The company is engaged in the Business of Consultancy and Advisory Services.

2. Additional Disclosure 1(A):

i) During the financial year Equity shares of Rs. 10/- each subdivided into 10 shares of Rs 1/- each with effect from 1/10/2013 accordingly total number of equity shares are 3,10,54,810

ii) 30,55,481 Shares were alloted in the last 5 years persuant to the Scheme of arrangement between Intellivete Capital Ventures Ltd, the demerged Company and Intellivate Capital Advisors Ltd, the First resulting Company and ICVL Chemicals Ltd, the Second resulting company and ICVL Steels Ltd, the Third resulting company and their respective shareholders became effective on 20th January, 2012.

Note 3. (d) Rights, Preferences & Restrictions attach to equity shares

The Company has one class of Equity shares having par value of Rs 1/- per Share (Previous Year Rs.10/- per share). Each shareholder is eligible for one vote per share held. The dividend proposed by the board of directors is subject to the approval of the shareholders in the ensuing Annul General Meeting, except in case of interim devidend. In the event of liquidation, the Equity Shareholder are eligible to receive the remeining assest of the company after distribution to all preferencial amounts, in proportion to their shareholding.

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Mar 31, 2013

Note 1: Corporate information

Intellivate Capital Advisors Limited (the Company) is a Public Company and is incorporated under the provisions of The Comapnies Act, 1956. The company is engaged in the Business of Consultancy and Advisory Services.

1.1 Retirement Benefits

Long Term Employee Benefits are not provided because no employee has completed full year of service.

1.2 Provision for Taxes

Provision for current tax has been made as per the provisions of the Income Tax Act 1961.

1.3 In the opinion of Management, the Current Assets, Loans and Advances are approximately of the value as stated if realised in the ordinary course of business.

1.4 Balances standing to the debit/credit of parties is subject to confirmation by them and reviews by the Company.

1.5 The figures of the previous year have been regrouped, rearranged and reclassified wherever necessary to conform to current year''s classification. The figures are not comparible with those of previous year due to demerger of ihe Advisory division, Chemical division and Steel division of Intellivate Capital Ventures Ltd.

1.6 The financial statements for the year ended March 31, 2013 are prepared as per the Revised Schedule VI under the Companies Act, 1956.

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Mar 31, 2012

Note 1: Corporate information

Intellivate Capital Advisors Limited (the Company) is a Public Company and is incorporated under the provisions of The Comapnies Act,1956. The company is engaged in the Business of Consultancy, Advisory .

2.1 In the opinion of Management, the Current Assets, Loans and Advances are approximately of the value as stated if realised in the ordinary course of business.

2.3 Balances standing to the debit/credit of parties is subject to confirmation by them and reviews by the Company.

2.4 This is the First Accounting period of the company therefore previous year figures are not given. The company was incorporated on 3rd March, 2011. Pursuant to the scheme of Arrangement U/s 391 to 394 and other applicable provisions of the Companies Act,1956. There was demerger of Advisory Division of the Intellivate Capital Ventures Limited with the company. The scheme of arrangement is sanctioned and approved by the Hon'ble High Court of judicature at Bombay on 16th December 2011, and upon filing the said order with Registrar of Companies, with Maharashta on 20th January,2012, the said scheme became effective.

Pursuant to the scheme of Arrangement U/s 391 to 394 and other applicable provisions of the Companies Act,1956. There was demerger of Advisory Division of the Intellivate Capital Ventures Limited with the company. Accordingly Income & Expenses of the advisory division is merged with the company.

2.5 The financial statements for the period ended March 31, 2012 are prepared as per the Revised Schedule VI under the Companies Act,1956.