అకౌంట్స్ గమనికలుEMA Partners India Ltd.

Mar 31, 2025

m) Provisions and Contingent Liabilities:

The Company recognizes a provision when
there is a present legal obligation as a result of a
past event that probably requires an outflow of
resources to settle the obligation and a reliable
estimate can be made of the amount of the
obligation. A disclosure for a contingent liability
is made when there is a possible obligation or

a present obligation that may, but probably will
not, require an outflow of resources. Where
there is a possible obligation or a present
obligation in respect of which the likelihood of
outflow of resources is remote, no provision or
disclosure is made.

n) Cash and Cash equivalents

Cash comprises cash in hand, Balance in current
account and demand deposits with banks.
Cash equivalents are short-term balances
(with an original maturity of three months or
less from the date of acquisition), highly liquid
investments that are readily convertible into
known amounts of cash and which are subject
to insignificant risk of changes in value.

o) Earnings Per Share

Basic earnings per share are calculated by
dividing the net profit or loss for the year
attributable to equity shareholders by the
weighted average number of equity shares
outstanding during the year. The weighted
average number of shares outstanding during
the year are adjusted for event of bonus issue;
bonus element in a rights issue to existing
shareholders; share split and reverse share
split.

For the purpose of calculating diluted earnings
per share, the net profit or loss for the year
attributable to equity shareholders and the
weighted average number of shares outstanding
during the year are adjusted for the effects of
all dilutive potential equity shares.

e) Buyback of Shares

The Board of Directors of the company at its meeting held on July 28, 2022, had approved the buy back
of the Company''s fully paid equity shares of the face value of ? 1 each from the shareholder of the equity
shares of the Company as on the record date who had opted for buy back. The company completed the
buy back process of 77.15 (''000) shares of face value of ? 1 being bought back on August 28, 2022 and
has complied with all the requisite formalities with the ROC. In line with the requirements of the Companies
Act, 2013, an amount of ? 24,923 (''000) (including tax on buy back of ? 4,709 (''000) was utilized from
retained earnings.

(f) Increase in Authorised Share Capital

The Board of Directors of the Company at the meeting held on July 9 2024, approved increase of authorised
share capital the Company from ? 5,00,000/- (Rupees Five Lakhs Only) divided into 5,00,000 (Five Lakhs)
equity shares of ? 1/- (Rupee One) each to ? 15,00,00,000 /- (Rupees Fifteen Crores Only) divided into
15,00,00,000 (Fifteen Crores) equity shares of ? 1/- (Rupees One) each, ranking pari passu with the existing
shares of the Company. Consequential, this amendment to the Memorandum of Association of the Company
was approved by Shareholders on July 10, 2024.

(g) Share Consolidation

The Board of Directors of the Company at the meeting held on July 9, 2024, approved consolidation of
4,22,850 equity shares of the Company with face value of ?1/- per share each fully paid up into 84,570
each fully paid up shares of face value of ? 5/- per share, consequential amendment to the Memorandum of
Association of the Company is approved by Shareholders on July 10, 2024.

(h) Issue of Bonus Shares

The Board of Directors of the Company at the meeting held on July 9, 2024, approved issuance of 200
bonus equity shares for every one fully paid up equity share having face value of ? 5 each and the issuance
of bonus issue has been approved by the shareholders of the Company at the annual general meeting of
the Company held on July 10, 2024. The record date for the bonus issue was August 14, 2024 and the
allotment date for it was August 17, 2024.

(i) Preferential Issue

The Board of Directors of the Company at the meeting held on August 21, 2024, approved issuance of
9,13,856 equity shares through Preferential Issue at ? 104 (including premium of ? 99) and the preferential
issue has been approved by the shareholders of the Company at the Extra Ordinary general meeting of the
Company held on August 23, 2024. Preferential shares alloted on September 2, 2024.

(j) Initial Public Offer

The Company has voluntarily got itself converted from a ''Private Limited Company'' to ''Limited Company''
w.e.f. August 5, 2024 vide SRN -AA9190766. The Company''s shares have been listed with National Stock
Exchange of India Limited (NSE) EMERGE Platform consequent to a public offer of shares during the year by
the Company. During the year under review, the Company came out with its maiden ''Initial Public Offering''
(IPO) of 61,30,000 Equity shares of face value of ? 5/- each at a price of ? 124/- per equity share. The issue
comprised of fresh issue of 53,34,000 equity shares aggregating to ? 6,61,416 (''000). The public issue was
open for subscription from January 17, 2025 till January 21, 2025. The Company got listed on January 24,
2025 on the National Stock Exchange of India Limited (NSE) Emerge Platform.

32 Employee Benefits:

a) Defined Contribution Plan

Provident Fund: Wherever applicable, the Company makes Provident Fund contributions to defined contribution
plans for qualifying employees. Under the Schemes, the Companies are required to contribute a specified
percentage of the payroll costs i.e. 12% to fund the benefits, maximum to the extent of ? 1,800 per month per
qualified employee.

b) Defined Benefit Plans

The Company offers to its employee''s defined benefits plan in the form of Gratuity.

This represents benefits to employees on the basis of number of years of service rendered by employee. The
employee is entitled to receive the same on retirement or resignation in accordance with the Payment of Gratuity
Act as applicable.

33 Disclosures with regard to the new amendments under "Division I of Schedule III" under "Part I - Balance Sheet
- General Instructions for preparation of Balance Sheet" in relation to the following clauses Y (i), (ii), (iii), (iv), (v),
(vi), (vii) (viii), (ix), (x), (xi), (xiii), and (xiv) are as under:

(i) The Company does not have any immovable property whose title deeds are not in the name of the
Company.

(ii) The Company has not revalued any of its property during the year.

(iii) Loans and advances in the nature of loans are granted to promoters, Directors, KMPs and the related parties
(as defined under Companies Act, 2013) either severally or jointly with any other person, that are:

(iv) The Company does not have any capital work in progress.

(v) The Company does not have any Intangible assets under development.

(vi) There are no proceedings have been initiated or pending against the Company for holding any benami
property under the Benami Transactions (Prohibitions) Act, 1988 (45 of 1988) and the rules made
thereunder.

(vii) The Company does not have any borrowings from banks or financial institutions on the basis of security of
current assets.

(viii) The Company has not been declared a Willful Defaulter by any bank or financial institution or consortium
thereof in accordance with the guidelines on willful defaulters issued by the Reserve Bank of India.

(ix) The Company has not entered into any transaction with companies struck off under section 248 of the
Companies Act 2013.

(x) The Company does not have any charges or satisfaction yet to be registered with ROC beyond the statutory
period.

(xi) 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.

(xii) The Company has not entered into any Scheme of Arrangements in terms of sections 230 to 237 of the
Companies Act, 2013.

(xiii) a) No funds have been advanced or loaned or invested (either from borrowed funds or share premium

or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies),
including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or
otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

b) No funds have been received by the Company from any person(s) or entity(ies), including foreign
entities ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the
Company shall, whether, 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 provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.

c) The Company has not declared or paid any dividend during the year.

Disclosure with regard to the new amendments under "Division I of Schedule III" under "Part II - Statement of
Profit and Loss - General Instructions for preparation of Statement of Profit and Loss" in relation to the following
clauses:

(i) The Company does not have transactions which are not recorded in the books of accounts that has been
surrendered or disclosed as income during financial period in the tax assessments under the Income Tax
Act, 1961.

(ii) The Company is not requiring to spend for Corporate Social Responsibility.

(iii) The Company has not traded or invested in Crypto currency or Virtual Currency during any financial period/
year.

34 During the year the Company was converted into a Public Limited company and accordingly was granted a
certificate of incorporation consequent to Public dated 5^th August 2024.

35 Issue of Shares via IPO route

The company has completed its initial public offer ("IPO") of 61,30,000 equity shares of face value of C 5 each at
an issue price of C 124 per share (including securities premium of C 119 per share). The issue comprised of fresh
issue of 53,34,000 equity shares aggregating to ? 6,61,416 (''000). The Company''s share in total IPO expenses
incurred is ? 58,629.73 (''000) (including provision) (excluding taxes) has been adjusted against securities
premium.

36 There were no amounts which were required to be transferred to the Investor Education and Protection Fund by
the company.

39 Disclosure for Operating Leases as required by Accounting Standard 19 - Leases
Disclosures in respect of Office Premises:
a) Significant leasing arrangements

i. The Company has given refundable interest free security deposits under all agreement of premises
taken on operating lease

ii. Certain agreements contain provision for renewal.

iii. Certain agreement contain provision for early termination by either party by giving prior notice in
writing.

iv. None of the agreement permit the Company to enter into sub-lease arrangements in respect of leased
assets.

40 Impairment

The entire net worth of a subsidiary Emagine People Technologies Private Limited has been eroded as at March
31, 2025. The Management has assessed the present position and has plans to revive the Company through
restructuring of operations in coming financial year including looking for merger as a going concern with any
group entity. Considering the same, the management has made 100% provision towards impairment of this
investment even though the Company has financial and operational support of the holding Company based on
which accounts of the said subsidiary has been prepared on going concern basis.

In case of subsidiary EMA Decision Dynamics Private Limited, its management has decided to drop the business
plan to provide services as stated in the Memorandum of Association and there is no other business plan
underway. The financial statements have also not been prepared on going concern assumption. Hence the
management has made provision towards impairment of this investment based on the expected realizable value
of its investment in the said subsidiary.

There is no impairment of any other asset identified by the Management and accordingly, no other provision
towards impairment is made in the books of account.

41 The Company has requested for information from its suppliers to compile information from them about their
coverage under the Micro Small and Medium Enterprises Development Act 2006. Based on the information
available with the Company and to the extent so identified by the Company there are no dues other then disclosed
below pending at the end of the period to any suppliers registered as Micro, Medium or Small enterprises under
the said Act.

Note:

EPS for the previous year have been recasted after factoring in consolidation of face value of equity shares (Refer note 3(g)) and
bonus issue of equity shares to its equity shareholders (Refernote 3(h)).

43 Previous year figures have been regrouped or rearranged wherever necessary to conform to current year''s
presentation.

For EMA Partners India Limited

(Formerly known as EMA Partners India Private Limited)

Krishnan Sudarshan Subramanian Krishnaprakash

Managing Director Director

DIN: 01029826 DIN: 01789103

^{Place: Mumbai} Manishkumar Dhanuka Smita Singh

Date : 21-05-2025 Chief Financial Officer Company Secretary

---

Mar 31, 2024

	31-March-2024	31-March-2023
25. Contingent Liability at the end of the year (^ in 000)	7,600	NIL
26. a) Capital commitment at the end of the year (? in 000)	4,399	NIL
b) Financial Commitment* (? in 000)	40,000	40,000

* The Board of Company had provided financial commitment to its subsidiary Emagine People Technologies Private Limited ^100,00 (''000) and a step down subsidiary RecCloud Technologies Private Limited ^300,00 (''000) to fund their eventual losses up to committed amount through additional lending over and above the amount lent at balance sheet date, in the event they do not reverse their losses which have presently eroded their net worth in previous year and has been continued for the current year.

28. The Company is a Small and Medium Sized Company ("SMC") as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 2013. Accordingly, the Company has complied with the Accounting Standards as applicable to a SMC. he Company is covered under definition of SMC. Hence, segment information as required as per AS 17 is not disclosed.

29. Employee Benefits:

Defined Contribution Plan:

Provident Fund:

The Company makes Provident Fund contributions to defined contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs i e 12% to fund the benefits, maximum to the extent of ?1,800 per month per qualified employee.

Defined Benefit Plans

The Company offers to its employee''s defined benefits plan in the form of Gratuity.

This represents benefits to employees on the basis of number of year of service rendered by respective employee. The employee is entitled to receive the same on retirement or resignation in accordance with the Payment of Gratuity Act.

30.TDisclosures with regard to the new amendments under "Division I of Schedule III" under "Part I - Balance Sheet - General Instructions for preparation of Balance Sheet" in relation to the following clauses Y (i), (ii),

(iii), (iv), (v), (vi), (vii) (viii), (ix), (x), (xi), (xiii), and (xiv) are as under:

(i) The Company does not have any immovable property whose title deeds are not in the name of the Company.

(ii) The Company has not revalued any of its property during the year.

(iii) The Company has not granted loans to promoters, Directors, KMPs, either severally or jointly with any other person. Details of Loan granted to the related parties are given in Note 34.

(iv) Capital-Work-in Progress (CWIP):

(v) The Company does not have any Intangible assets under development

(vi) There are no proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibitions) Act, 1988 (45 of 1988) and the rules made thereunder

(vii) The Company does not have any borrowings from banks or financial institutions on the basis of security of current assets.

(viii) The Company has not been declared a Wilful Defaulter by any bank or financial institution or consortium thereof in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

(ix) The Company has not entered into any transaction with companies struck off under section 248 of the Companies Act 2013.

(x) The Company does not have any charges or satisfaction yet to be registered with ROC beyond the statutory period.

(xi) 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.

(xiii) The Company has not entered into any Scheme of Arrangements in terms of sections 230 to 237 of the Companies Act, 2013.

(xiv) a) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies),

EMA PARTNERS INDIA PRIVATE LIMITED Notes forming part of Financial Statement for the year ended 31 March 2024

including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

b) No funds have been received by the company from any person(s) or entity(ies), including foreign entities ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

c) The Company has not declared or paid any dividend during the year.

Disclosure with regard to the new amendments under "Division I of Schedule III" under "Part II - Statement of Profit and Loss - General Instructions for preparation of Statement of Profit and Loss" in relation to the following clauses are as under:

(i) The Company does not have transactions which are not recorded in the books of accounts that has been surrendered or disclosed as income during financial year in the tax assessments under the Income Tax Act, 1961.

(ii) The Company is not requiring to spend for Corporate Social Responsibility (CSR).

(iii) The Company has not traded or invested in Crypto currency or Virtual Currency during financial year.

Disclosures in respect of Office Premises: a. Significant leasing arrangements

i. The Company has given refundable interest free security deposits under all agreements of premises taken on operating lease.

ii. Certain agreements contain provision for renewal.

iii. Certain agreements contain provision for early termination by either party by giving prior notice in writing.

iv. None of the agreements permits the Company to enter into sub-lease arrangements in respect of leased assets.

34. Impairment

• The entire net worth of a subsidiary Emagine People Technologies Private Limited has been eroded as at March 31, 2024. Further, during the year, major revenue has been from the group companies and employees are also transferred to other group companies. The Management has assessed the present position and has plans to revive the Company through restructuring of operations in coming financial year including looking for merger as a going concern with any group entity. Considering the same, the management has made 100% provision towards impairment of this investment even though the Company has financial and operational support of the holding Company based on which accounts of the said subsidiary has been prepared on going concern basis.

• In case of subsidiary EMA Decision Dynamics Private Limited, its management has decided to drop the business plan to provide services as stated in the Memorandum of Association and there is no other business plan underway. The financial statements have also not been prepared on going concern assumption. Hence the management has made provision towards impairment of this investment based on the expected realizable value of its investment in the said subsidiary.

• There is no impairment of any other asset identified by the Management and accordingly, no other provision towards impairment is made in the books of account.

35. The Company has asked for information from its suppliers to compile information from them about their coverage under the Micro Small and Medium Enterprises Development Act 2006. Based on the information available with the Company and to the extent so identified by Company there are no dues pending at the end of the year to any suppliers registered as Micro, Medium or Small enterprises under the said Act.

37. Previous year figures have been regrouped or rearranged wherever necessary to conform to current year''s presentation.