అకౌంట్స్ గమనికలుMehta Integrated Finance Ltd.

Mar 31, 2025

Note (b) Rights, Preferences and restrictions attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs 10/- per share. Each Shareholder is eligible for one vote per share. The dividend if any proposed by the Board of Directors is subject to the approval of shareholders, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company, after distribution of all preferential amounts, in proportion of their shareholding (in future if company ever had the other classes of share).

Disclosure as per paragraph 134 and 135 of Ind AS 1 on Capital

For the purpose of the Company''s capital management, capital includes issued capital and other equity reserves. The primary objective of the Company''s Capital Management is to maximise shareholders value. The Company manages its capital structure and makes adjustments in the light of changes in economic environment and the requirements of the financial covenants.

The Company''s activities expose it to a variety of financial risks including market risk, credit risk and liquidity risk. The Company''s primary risk management focus is to minimize potential adverse effects of market risk on its financial performance. The Company''s risk management assessment and policies and processes are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor such risks and compliance with the same. The Board of Directors and the Audit Committee is responsible for overseeing the Company''s risk assessment and management policies and processes.

The Company''s financial risk management policy is set by the management. Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates, equity prices and other market changes that affect market risk sensitive instruments. The Company manages market risk which evaluates and exercises independent control over the entire process of market risk management. The activities include investment in mutual fund (debt and equity), Equity Shares, Debentures, Alternative Investments plans, Real Estate Exposure through non-convertible debentures /as capital contributions in subsidiaries and other strategies investments. The market value and future yield on debt fund will fluctuate because of changes in bank rate, RBI Policy and market interest rates while market value of the equity instruments changes on account of performance of various industries / investee in which the Company has made an investment. In order to optimize the Company''s position with regards to appreciation in value of mutual fund and to manage the interest rate risk, it performs a comprehensive corporate interest rate risk management by balancing the proportion of floating rate and accruals financial instruments in its total portfolio.

a. Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company''s receivables from customers, investments, inter-corporate deposits and financial guarantees. Credit risk arises from cash held with banks and financial institutions, as well as credit exposure to clients, including outstanding accounts receivable. The maximum exposure to credit risk is equal to the carrying value of the financial assets. The objective of managing counter party credit risk is to prevent losses in financial assets. The Company assesses the credit quality of the counter parties, taking into account their financial position, past experience and other factors. The Company establishes an allowance for doubtful debts and impairment that represents its estimate of incurred losses in respect of trade and other receivables and investments.

(i) Trade receivables

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The demographics of the customer, including the default risk of the industry in which the customer operates, also has an influence on credit risk assessment. Credit risk is managed through continuously monitoring the credit worthiness of customers to which the Company grants credit terms in the normal course of business. An impairment analysis is performed at each reporting date on an individual basis. The Company does not hold collateral as security for outstanding trade receivables. The old trade receivables to the tune of Rs. 408.02 Lakhs are due from company under same management and the same are fully recoverable as per the management''s perspective and there is no need for providing for Bad & doubtful Debts.

(ii) Investments and other financial assets

The Company limits its exposure to credit risk by generally investing in liquid securities, equity shares, mutual funds and other investments and only with counter parties that have a good credit rating. The Company does not expect any losses from non-performance by these counter-parties, and does not have any significant concentration of exposures to specific industry sectors. For derivative and financial instruments, the company attempts to limit the credit risk by only dealing with reputable banks and financial institutions having high credit-ratings assigned. The Company does not expect any material credit risk on account of non-performance by counter parties to whom the financial assets receivables.

(iii) Financial assets that are past due but not impaired

Credit risk from balances with banks and financial institutions is managed by the management in such a manner that it is exposed to the lowest possible risk. None of the Company''s cash equivalents, including term deposits (i.e., certificates of deposit) with banks, were past due or impaired as at March 31, 2025.

b. Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company invests its surplus funds in various marketable securities to ensure that the sufficient liquidity is available. The Company manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due.

The Company also has access to a sufficient variety of sources of funding with the banks. Considering surplus funds invested in liquid investments, the Company does not perceive any liquidity risk.

c. Market risk

Market risk is the risk of loss of future earnings, fair values or future cash flows related to financial instrument that may result from adverse changes in market rates and prices (such as foreign exchange rates, interest rates, other prices). The Company is exposed to market risk primarily related to currency risk, interest rate risk and price risk.

i. Currency risk

The Company has no foreign currency denominated assets. Accordingly, the exposure to currency risk is NIL.

ii. Interest rate risk

The Company''s investments are primarily in variable rate interest instruments. However, the exposure to interest rate risk is insignificant.

iii. Price risk

Price risk is the risk that the value of the financial instrument will fluctuate as a result of changes in market prices and related market variables including interest rate for investments in debt oriented mutual funds and debt securities, whether caused by factors specific to an individual investment, its issuer or the market. The Company exposed to price risk from its investment in Mutual Funds, listed Equity Shares, Bonds classified in the balance sheet at cost.

Note : 19 Financial Ratio

Disclosure of ratios, is not applicable to the Company as it is in merchant banking business and not an NBFC registered under Section 45-IA of Reserve Bank of India Act, 1934.

Note:20 First-time adoption of IND AS - mandatory exceptions, optional exemptions:

These financial statements for the year ended March 31, 2025, are the Company''s Seventh IND AS financial statements which has been prepared in accordance with IND AS. For periods up to and including the year ended March 31, 2017, the Company prepared its financial statements in accordance with accounting standards notified under section 133 of the Companies Act 2013, read together with relevant rules of the Companies (Accounts) Rules, 2014 (Indian GAAP or IGAAP).

Accordingly, the Company has prepared financial statements which comply with IND AS applicable for periods ending on March 31, 2025, together with the comparative period data as at and for the year ended March 31, 2024, as described in the summary of significant accounting policies. The Company has prepared the opening balance sheet as per IND AS by recognizing all assets and liabilities whose recognition is required by IND AS, not recognizing items of assets or liabilities which are not permitted by IND AS, by reclassifying items from Previous GAAP to IND AS, as required under IND AS, and applying IND AS in measurement of recognized assets and liabilities.

An explanation of how the transition from Previous GAAP to IND AS has affected the Company''s Balance sheet, Statement of Profit and Loss, is set out here-in-after.

(i) Employee Benefits:

Under the previous GAAP, actuarial gains and losses on defined benefit liabilities were recognized in the statement of profit and loss. Under IND AS, the actuarial gains and losses form part of re-measurement of net defined benefit liability which is recognized in other comprehensive income. During the Financial year ended March 31^st 2025, in the case of Employee Benefits as to gratuity''s actuarial liabilities calculation was not undertaken by actuary. The same has worked out by the company to Rs. 0.45 Lakhs at the year ended 31^st March 2025.

(ii) While adopting IND AS for first time in F Y 2017-18 the company had provided for finance cost and other charges on corporate loans to the tune of Rupees Forty Lakhs by transferring the same to liabilities from other Equity. Based on current management assessment the liability is no longer required and thus provision made under IND AS from the Other Equity is reversed during the year 2023-24.

Note 21: Disclosure required under section 22 of the Micro, Small & Medium Enterprises Development Act 2016

The Company do not have any Trade payable as on 31^st March 2025, hence disclosure relating to amounts unpaid with regards to trade payable as at the year-end under this Act has not been given.

Note 22: Related Parties Disclosure in Accordance with Accounting Standard 18a) List of Related Parties and Relationship:

Key Management personnel and their relatives:

1. Mrs. Bhavna D. Mehta, Chairperson, Non-Executive Director

2. Mr. Chirag D. Mehta, (Whole Time Director) up to 02^nd January 2025

3. Mr. Vishwesh D. Mehta, (Managing Director)

4. Mehta Securities Limited(Group Company)

As at the end of 31/03/2025, Rs. 46.16 Lakhs (Previous Year Rs. 51.16 Lakhs) receivable from Mehta Securities Limited.

As at the end of 31/03/2025, Rs. 408.02 Lakhs (Previous Year Rs. 481.52 Lakhs) Trade receivable from Mehta Securities Limited.

23. NOTES FORMING PART OF THE ACCOUNTS

1. The Company has ceased to carry on fund based business and hence not governed by Reserve Bank of India Act. The Company has been a Category-1 Merchant Banker and hence is subject to SEBI Act.

2. The company has no liabilities towards the secured loan from banks, financial institutions as at 31^st March 2025.

3. Previous and Current Year figures have been regrouped wherever found necessary.

4. Balance in Sundry Creditors, Debtors, Loans & Advances are subject to confirmation.

5. There have been no events after the reporting date that require disclosure in these financial statements.

6. The requirements of Accounting Standard "Accounting for taxes on income" have been considered and the management is of the opinion that no deferred tax assets / liability needs to be created.

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Aug 31, 2014

1. a) Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs 10/- per share. Each holder of equity shares is entitled to one vote per share. The dividend if any proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. During the year ended 31 August 2014, the company has not declared any dividend to equity shareholders (31st August 2014: Rs Nil).

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.

b) The company has not issued any bonus shares or shares for consideration other than cash or bought back equity shares during the year or for the period of five years immediately preceding the date of balance sheet.

Note - 2: DISCLOSURE REQUIRED UNDER SECTION 22 OF THE MICRO, SMALL & MEDIUM ENTERPRISES DEVELOPMENT AT, 2006.

The company has not received information from vendors regarding their status under the micro/small & medium enterprises development Act, 2006, hence disclosure relating to amounts unpaid as at the year end under this Act has not been given.

3. The Company has ceased to carry on fund based business and hence not governed by Reserve Bank of India Act. The Company has been a Category-1 Merchant Banker and hence is subject to SEBI Act.

4. The liabilities towards the secured loan towards banks, financial institutions have been fully accounted for, till date.

5. Previous and Current Year figures have been regrouped wherever found necessary.

6. Various claims receivable of the previous year and liabilities relating to the previous year have been brought in the current years to show a true and fair view of the accounts.

7. Balance in Secured Loans, Unsecured Loans, Sundry Creditors, Debtors, Loans & Advances are subject to confirmation.

8. On the basis of the information available with the Company, there is no amount due but remaining unpaid as on 31st August, 2014 to any supplier who is a Small Scale or Ancillary Industrial undertaking.

9. The Compromise & Arrangement as sanctioned by the Hon''ble Gujarat High Court is in force and being implemented & accounted accordingly.

10. The requirements of Accounting Standard 22 "Accounting for taxes on income" have been considered and the management is of the opinion that no deferred tax assets / liability needs to be created.

11. In the absence of the taxable income, no provision for taxation has been made u/s 115 JB of the Income Tax Act, 1961. However, the tax year end of the Company being 31st March, 2015 the ultimate liability for the A.Y.- 2014-15 will be determined on the total income of the Company for the year ended 31st March, 2015.

12. The Company has not made any provision for Income Tax as the Company does not envisage any liability.

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Aug 31, 2012

A) Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs 10/- per share. Each holder of equity shares is entitled to one vote per share. The dividend if any proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. During the year ended 31 August 2012, the company has not declared any dividend to equity shareholders (31 August 2012: ‘Rs Nil).

a) Investments :

No Provision for difference between book value and market value of in value of long term quoted investments in one script has been made since in the opinion of the management such difference is of temporary nature and do not represent a diminution other than temporary.

Note : 16 Disclosure required under section 22 of the Micro, Small & Medium Enterprises development At, 2006. The company has not received information from vendors regarding their status under the micro / small & medium enterprises development Act , 2006, hence disclosure relating to amounts unpaid as at the year end under this Act has not been given.

Note : 1 Related Parties disclosure in accordance with Accounting Standard - 18

a. Key management personnel

1) (Managing Director)

2). (Director)

3) influenced by key management personnel or their relatives Transactions that have taken place during the year September 1st 2011 to August 31, 2012 with related parties by Company.

1. The Company has ceased to carry on fund based business and hence not governed by Reserve Bank of India Act. The Company has been a Category-1 Merchant Banker and hence is subject to SEBI Act.

2. The liabilities towards the secured loan towards banks, financial institutions have been fully accounted for, till date.

3. Previous and Current Year figures have been regrouped wherever found necessary.

4. Various claims receivable of the previous year and liabilities relating to the previous year have been brought in the current years to show a true and fair view of the accounts.

5. Balance in Secured Loans, Unsecured Loans, Sundry Creditors, Debtors, Loans & Advances are subject to confirmation.

6. On the basis of the information available with the Company, there is no amount due but remaining unpaid as on 31st AUGUST, 2012 to any supplier who is a Small Scale or Ancillary Industrial undertaking.

7. The Compromise & Arrangement as sanctioned by the Humble Gujarat High Court is being implemented & accounted accordingly.

8. The requirements of Accounting Standard 22 "Accounting for taxes on income" have been considered and the management is of the opinion that no deferred tax assets / liability needs to be created.

9. In the absence of the taxable income, no provision for taxation has been made U/s.115 JB of The Income Tax Act. However, the tax year end of the Company being 31st March, 2013 the ultimate liability for the A.Y.-2012-2013 will be determined on the total income of the Company for the year ended 31st March, 2013.

10. The Company has not made any provision for Income Tax as the Company does not envisage any liability.

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Aug 31, 2011

1. The Company has ceased to carry on fund based business and hence not governed by Reserve Bank of India Act. The Company has been a Category-1 Merchant Banker and hence is subject to SEBI Act.

2. The liabilities towards the secured loan towards banks, financial institutions have been fully accounted for, till date.

3. Previous and Current Year figures have been regrouped wherever found necessary.

4. Various claims receivable of the previous year and liabilities relating to the previous year have been brought in the current years to show a true and fair view of the accounts.

5. Balance in Secured Loans, Unsecured Loans, Sundry Creditors, Debtors, Loans & Advances are subject to confirmation.

6. On the basis of the information available with the Company, there is no amount due but remaining unpaid as on 31st AUGUST, 2011 to any supplier who is a Small Scale or Ancillary Industrial undertaking.

7. The Compromise & Arrangement as sanctioned by the Hon'ble Gujarat High Court is being implemented & accounted accordingly.

8. The requirements of Accounting Standard 22 "Accounting for taxes on income" have been considered and the management is of the opinion that no deferred tax assets / liability needs to be created.

9. In the absence of the taxable income, no provision for taxation has been made U/s.115 JB of The Income Tax Act. However, the tax year end of the Company being 31st March, 2012' the ultimate liability for the A.Y.-2011 -2012 will be determined on the total income of the Company for the year ended 31st March, 2012.

10. The Company has not made any provision for Income Tax as the Company does not envisage any liability.

11. Figures in bracket denotes of Previous Years.

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Aug 31, 2010

1. The Company has ceased to carry on fund based business and hence not governed by Reserve Bank of India Act. The Company has been a Category-1 Merchant Banker and hence is subject to SEBI Act.

2. The liabilities towards the secured loan towards banks, financial institutions have been fully accounted for, till date.

3. Previous and Current Year figures have been regrouped wherever found necessary.

4. Various claims receivable of the previous year and liabilities relating to the previous year have been brought in the current years to show a true and fair view of the accounts.

5. Balance in Secured Loans, Unsecured Loans, Sundry Creditors, Debtors, Loans & Advances are subject to confirmation.

6. On the basis of the information available with the Company, there is no amount due but remaining unpaid as on 31st AUGUST, 2010 to any supplier who is a Small Scale or Ancillary Industrial undertaking.

7. The Compromise & Arrangement as sanctioned by the Hon'ble Gujarat High Court is being implemented & accounted accordingly.

8. The requirements of Accounting Standard 22 "Accounting for taxes on income" have been considered and the management is of the opinion that no deferred tax assets / liability needs to be created.

9. In the absence of the taxable income, no provision for taxation has been made U/s.115 JB of The Income Tax Act. However, the tax year end of the Company being 31st March, 2011 the ultimate liability for the A.Y.-2011-2012 will be determined on the total income of the Company for the year ended 31st March, 2011.

10. The Company has not made any provision for Income Tax as the Company does not envisage any liability.