అకౌంట్స్ గమనికలుMobavenue AI Tech Ltd.

2.12. PROVISIONS, CONTINGENT LIABILITIES AND
CONTINGENT ASSETS

A provision is recognised when the Company has a
present obligation (legal or constructive) as a result of
past event and it is probable that an outflow of resources
will be required to settle the obligation, in respect of which

a reliable estimate can be made. Provisions are measured
at the best estimate of the expenditure required to settle
the present obligation at the Balance Sheet date.

If the effect of time value of money is material, provisions
are discounted using a current pre-tax rate that reflects,
when appropriate, the risk specific to the liability. When
discounting is used, the increase in the provision due to
the passage of time is recognized as a finance cost. These
are reviewed at each balance sheet date and adjusted to
reflect the current best estimates.

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.
When there is a possible obligation or a present obligation
in respect of which likelihood of outflow of resources is
remote, no provision or disclosure is made.

The Company does not recognize a contingent asset
but discloses its existence in the standalone financial
statements if the inflow of economic benefits is probable.
However, when the realisation of income is virtually
certain, then the related asset is no longer a contingent
asset, but it is recognised as an asset.

Provisions, contingent liabilities, contingent assets and
commitments are reviewed at each balance sheet date.

2.13. TAXES ON INCOME

Tax expenses for the year comprises of current tax,
deferred tax charge or credit and adjustments of taxes
for earlier years. In respect of amounts adjusted outside
profit or loss (i.e. in other comprehensive income or
equity), the corresponding tax effect, if any, is also
adjusted outside profit or loss.

Provision for current tax is made as per the provisions of
Income Tax Act, 1961. Current tax assets and current tax
liabilities are offset when there is a legally enforceable
right to set off the recognised amounts and there is an
intention to settle the asset and the liability on a net basis.

Deferred tax is recognized in respect of temporary
differences between the carrying amount of assets
and liabilities for financial reporting purposes and its
tax base. A deferred tax liability is recognized based on
the expected manner of realization or settlement of the
carrying amount of assets and liabilities, using tax rates
enacted, or substantively enacted, by the end of the
reporting period.

Deferred tax assets are recognized for all deductible
temporary differences, the carry forward of unused tax
credits and any unused tax losses. Deferred tax assets are
recognized to the extent that it is probable that taxable
profit will be available against which the deductible

temporary differences, and the carry forward of unused
tax credits and unused tax losses can be utilised, except,
when the deferred tax asset relating to the deductible
temporary difference arises from the initial recognition
of an asset or liability in a transaction that is not a business
combination and, at the time of the transaction, affects
neither the accounting profit nor taxable profit or loss.

The carrying amount of deferred tax assets is reviewed
at each reporting date and reduced to the extent that it
is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to be
utilized. Unrecognized deferred tax assets are reassessed
at each reporting date and are recognized to the extent
that it has become probable that future taxable profits
will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the
tax rates that are expected to apply in the year when the
asset is realised or the liability is settled, based on tax rates
(and tax laws) that have been enacted or substantively
enacted at the reporting date.

Deferred tax relating to items recognized outside profit
or loss is recognized outside profit or loss. Deferred tax
items are recognized in correlation to the underlying
transaction either in OCI or directly in equity. Deferred
tax assets and deferred tax liabilities are offset if a legally
enforceable right exists to set off current tax assets
against current tax liabilities.

2.14. EARNINGS PER SHARE

Basic earnings per share is computed using the net
profit for the year attributable to the shareholders'' and
weighted average number of shares outstanding during
the year. The weighted average numbers of shares also
includes fixed number of equity shares that are issuable
on conversion of compulsorily convertible preference
shares, debentures or any other instrument, from the
date consideration is receivable (generally the date of
their issue) of such instruments.

Diluted earnings per share is computed using the net
profit for the year attributable to the shareholder'' and
weighted average number of equity and potential equity
shares outstanding during the year including share
options, convertible preference shares and debentures,
except where the result would be anti-dilutive. Potential
equity shares that are converted during the year are
included in the calculation of diluted earnings per share,
from the beginning of the year or date of issuance of such
potential equity shares, to the date of conversion.

2.15. CASH FLOW STATEMENT

Cash flows are reported using the indirect method,
where by net profit before tax is adjusted for the effects
of transactions of a non-cash nature, any deferrals or
accruals of past or future operating cash receipts or
payments and item of income or expenses associated
with investing or financing cash flows. The cash flows
from operating, investing and financing activities
are segregated.

2.16. SEGMENT REPORTING

Operating segments have been identified taking
into account the nature of the products / services,
geographical locations, nature of risks and returns,
internal organization structure and internal financial
reporting system. The Company prepares its segment
information in conformity with the accounting policies
adopted for preparing and presenting the standalone
financial statements of the Group as a whole. These
operating results are regularly reviewed by the company''s
Chief Operating Decision Maker ("CODM").

2.17. FINANCIAL INSTRUMENTS

A financial instrument is any contract that gives rise to
a financial asset of one entity and a financial liability or
equity instrument of another entity.

Initial recognition and measurement

Financial assets and financial liabilities are initially
measured at fair value except for trade receivables that
are initially measured at transaction price. Transaction
costs that are directly attributable to the acquisition
or issue of financial assets and financial liabilities (other
than financial assets and financial liabilities at fair value
through profit or loss) are added to or deducted from
the fair value of the financial assets or financial liabilities,
as appropriate, on initial recognition. Transaction costs
directly attributable to the acquisition of financial assets
or financial liabilities at fair value through profit or loss are
recognized immediately in the statement of profit or loss.

2.17.1. Financial assetsSubsequent measurement

For subsequent measurement, the company
classifies a financial asset in accordance with the
below criteria:

• The Company''s business model for managing the
financial asset and

• The contractual cash flow characteristics of the
financial asset.

Based on the above criteria, the Company classifies
its financial assets into the following categories:

a. Financial assets at amortized cost (debt
instruments)

b. Financial assets at fair value through other
comprehensive income (FVTOCI) with
recycling of cumulative gains and losses (debt
instruments)

c. Financial assets at fair value through profit or
loss (FVTPL)

d. Financial assets measured at fair value through
other comprehensive income (FVTOCI) with
no recycling of cumulative gains and losses
upon derecognition (equity instruments)

Financial assets measured at amortised cost

A financial asset is measured at the amortised cost if
both the following conditions are met:

a) The Company''s business model objective for
managing the financial asset is to hold financial
assets in order to collect contractual cash
flows, and

b) The contractual terms of the financial asset
give rise on specified dates to cash flows that
are solely payments of principal and interest on
the principal amount outstanding

This category applies to cash and bank balances,
trade receivables, loans and other financial
assets of the Company. Such financial assets are
subsequently measured at amortized cost using
the effective interest method. Under the effective
interest method, the future cash receipts are
exactly discounted to the initial recognition value
using the effective interest rate. The cumulative
amortization using the effective interest method
of the difference between the initial recognition
amount and the maturity amount is added to the
initial recognition value (net of principal repayments,
if any) of the financial asset over the relevant period
of the financial asset to arrive at the amortized cost
at each reporting date. The corresponding effect of
the amortization under effective interest method
is recognized as interest income over the relevant
period of the financial asset. The same is included
under other income in the Statement of Profit
and Loss.

The amortised cost of a financial asset is also
adjusted for loss allowance, if any.

a. Trade receivables:

Trade receivables are amounts due from
customers for services performed in the
ordinary course of business. If the receivable
is expected to be collected within a period of
12 months or less from the reporting date (or
in the normal operating cycle of the business,
if longer), they are classified as current assets,
otherwise as noncurrent assets.

Trade receivables are measured at their
transaction price unless it contains a significant
financing component or pricing adjustments
embedded in the contract. In case a financing
component exists the consideration for the
goods and service is adjusted for the time value
of company.

Loss allowance for expected life time credit
loss is recognized on initial recognition

b. Cash and cash equivalents

Cash and cash equivalents include cash in hand,
bank balances, deposits with banks (other than
on lien) and all short-term and highly liquid
investments that are readily convertible into
known amounts of cash and are subject to an
insignificant risk of changes in value.

For the purpose of cash flow statement, cash
and cash equivalent as calculated above
also includes outstanding bank overdrafts
as they are considered an integral part of the
Company''s cash management.

Investments in equity instruments at FVTOCI

On initial recognition, the Company can make
an irrevocable election (on an instrument-by¬
instrument basis) to present the subsequent
changes in fair value in other comprehensive income
pertaining to investments in equity instruments. This
election is not permitted if the equity investment
is held for trading. These elected investments are
initially measured at fair value plus transaction costs.
Subsequently, they are measured at fair value with
gains and losses arising from changes in fair value
recognised in other comprehensive income and
accumulated in the ''Reserve for equity instruments
through other comprehensive income''. The
cumulative gain or loss is not reclassified to profit or
loss on disposal of the investments.

Financial assets at fair value through profit or loss
(FVTPL)

Investments in equity instruments are classified as
at FVTPL, unless the Company irrevocably elects
on initial recognition to present subsequent changes
in fair value in other comprehensive income for
investments in equity instruments which are not
held for trading.

Financial assets at FVTPL are measured at fair value
at the end of each reporting period, with any gains
or losses arising on re-measurement recognized
in profit or loss. The net gain or loss recognized in
profit or loss incorporates any dividend or interest
earned on the financial asset and is included in
the ''Other income'' line item. Dividend on financial
assets at FVTPL is recognized when the Company''s
right to receive the dividends is established, it is
probable that the economic benefits associated
with the dividend will flow to the entity, the dividend
does not represent a recovery of part of cost of
the investment and the amount of dividend can be
measured reliably.

Effective interest method

The effective interest method is a method of
calculating the amortized cost of a debt instrument
and of allocating interest income over the relevant
period. The effective interest rate is the rate that
exactly discounts estimated future cash receipts
(including all fees and points paid or received that
form an integral part of the effective interest rate,
transaction costs and other premiums or discounts)
through the expected life of the debt instrument,
or, where appropriate, a shorter period, to the gross
carrying amount on initial recognition.

I ncome is recognized on an effective interest basis
for debt instruments other than those financial
assets classified as at FVTPL. Interest income is
recognized in profit or loss and is included in the
"Other income" line item.

Impairment of financial assets

The Company recognizes loss allowances using
the expected credit loss (ECL) model based on
''simplified approach'' for the financial assets which
are not fair valued through profit or loss. Loss
allowance for trade receivables with no significant
financing component is measured at an amount
equal to lifetime ECL. For all other financial assets,
expected credit losses are measured at an amount
equal to the twelve-month ECL, unless there has
been a significant increase in credit risk from initial
recognition in which case those are measured
at lifetime ECL. The amount of expected credit
losses (or reversal) that is required to adjust the
loss allowance at the reporting date to the amount
that is required to be recognized is recognized as
an impairment gain or loss in statement of profit
and loss.

De-recognition of financial asset

The Company de-recognizes a financial asset
when the contractual rights to the cash flows from
the asset expire, or when it transfers the financial
asset and substantially all the risks and rewards
of ownership of the asset to another party. If the
Company neither transfers nor retains substantially
all the risks and rewards of ownership and continues
to control the transferred asset, the Company
recognises its retained interest in the asset and an
associated liability for amounts it may have to pay.
If the Company retains substantially all the risks and
rewards of ownership of a transferred financial asset,
the Company continues to recognize the financial
asset and also recognizes a collateralized borrowing
for the proceeds received.

On de-recognition of a financial asset in its entirety,
the difference between the asset''s carrying amount
and the sum of the consideration received and
receivable and the cumulative gain or loss that had
been recognised in other comprehensive income
and accumulated in equity is recognised in profit
or loss if such gain or loss would have otherwise
been recognised in profit or loss on disposal of that
financial asset.

On de-recognition of a financial asset other than
in its entirety (e.g. when the Company retains an
option to repurchase part of a transferred asset), the
Company allocates the previous carrying amount of
the financial asset between the part it continues to
recognize under continuing involvement, and the
part it no longer recognises on the basis of the relative
fair values of those parts on the date of the transfer.
The difference between the carrying amount
allocated to the part that is no longer recognised
and the sum of the consideration received for the
part no longer recognised and any cumulative gain
or loss allocated to it that had been recognised in
other comprehensive income is recognised in profit
or loss if such gain or loss would have otherwise
been recognised in profit or loss on disposal of that
financial asset. A cumulative gain or loss that had
been recognised in other comprehensive income
is allocated between the part that continues to be

recognised and the part that is no longer recognized
on the basis of the relative fair values of those parts.

Investment in subsidiaries

The Company has elected to recognize its
investments in subsidiary at cost in accordance with
the option available in Ind AS 27, ''Separate Financial
Statements''. Investments in subsidiaries are carried
at cost less accumulated impairment losses, if
any. Where an indication of impairment exists, the
carrying amount of the investment is assessed.
Where the carrying amount of an investment is
greater than its estimated recoverable amount, it is
written down immediately to its recoverable amount
and the difference is transferred to the Statement
of Profit and Loss. On disposal of investment, the
difference between the net disposal proceeds and
the carrying amount is charged or credited to the
Statement of Profit and Loss.

2.17.2. Financial Liability and equity instrumentClassification as debt or equity

Debt and equity instruments issued by the Company
are classified as either financial liabilities or as equity
in accordance with the substance of the contractual
arrangements and the definitions of a financial
liability and an equity instrument.

Equity instruments

An equity instrument is any contract that evidences
a residual interest in the assets of an entity after
deducting all of its liabilities. Equity instruments
issued by the Company are recognised at the
proceeds received, net of direct issue costs.
Repurchase of the Company''s own equity
instruments is recognised and deducted directly in
equity. No gain or loss is recognised in profit or loss
on the purchase, sale, issue or cancellation of the
Company''s own equity instruments.

Financial liabilities

All financial liabilities are subsequently measured at
amortised cost using the effective interest method
or at FVTPL.

However, financial liabilities that arise when a
transfer of a financial asset does not qualify for de¬
recognition or when the continuing involvement
approach applies, financial guarantee contracts
issued by the Company, and commitments issued
by the Company to provide a loan at below-market

interest rate are measured in accordance with the
specific accounting policies set out below.

Financial liabilities at FVTPL

Financial liabilities at fair value through profit or
loss include financial liabilities held for trading and
financial liabilities designated upon initial recognition
as at fair value through profit or loss.

A financial liability is classified as held for trading if:

• it has been incurred principally for the purpose of
repurchasing it in the near term; or

• on initial recognition it is part of a portfolio of
identified financial instruments that the Company
manages together and has a recent actual pattern
of short-term profit-taking; or

• it is a derivative that is not designated and
effective as a hedging instrument.

A financial liability other than a financial liability held
for trading may also be designated as at FVTPL
upon initial recognition if:

• such designation eliminates or significantly
reduces a measurement or recognition
inconsistency that would otherwise arise; or

• the financial liability forms part of a group of
financial assets or financial liabilities or both,
which is managed and its performance is
evaluated on a fair value basis, in accordance with
the Company''s documented risk management or
investment strategy, and information about the
grouping is provided internally on that basis; or

• it forms part of a contract containing one or more
embedded derivatives, and Ind AS 109 permits
the entire combined contract to be designated as
at FVTPL in accordance with Ind AS 109.

Financial liabilities at FVTPL are stated at fair value,
with any gains or losses arising on remeasurement
recognised in the statement of profit and loss,
except for the amount of change in the fair value of
the financial liability that is attributable to changes in
the credit risk of that liability which is recognised in
other comprehensive income.

The net gain or loss recognised in the statement of
profit and loss incorporates any interest paid on the
financial liability

Financial liabilities subsequently measured at
amortised cost

Financial liabilities that are not held-for-trading and
are not designated as at FVTPL are measured at
amortised cost at the end of subsequent accounting
periods. The carrying amounts of financial liabilities
that are subsequently measured at amortised cost
are determined based on the effective interest
method. Interest expense that is not capitalised as
part of costs of an asset is included in the ''Finance
costs'' line item.

The effective interest method is a method of
calculating the amortised cost of a financial liability
and of allocating interest expense over the relevant
period. The effective interest rate is the rate that
exactly discounts estimated future cash payments
(including all fees and points paid or received that
form an integral part of the effective interest rate,
transaction costs and other premiums or discounts)
through the expected life of the financial liability or
(where appropriate) a shorter period, to the gross
carrying amount on initial recognition.

Financial guarantee contracts

A financial guarantee contract is a contract that
requires the issuer to make specified payments to
reimburse the holder for a loss it incurs because a
specified debtor fails to make payments when due
in accordance with the terms of a debt instrument.

Financial guarantee contracts issued by the
Company are initially measured at their fair values
and, if not designated as at FVTPL, are subsequently
measured at the higher of:

• the amount of loss allowance determined in
accordance with impairment requirements of
Ind AS 109; and

• the amount initially recognised less, when
appropriate, the cumulative amount of income
recognised in accordance with the principles of
Ind AS 115.

Compound financial instruments

The liability component of a compound financial
instrument is recognized initially at fair value of
a similar liability that does not have an equity
component. The equity component is recognized
initially as the difference between the fair value of
the compound financial instrument as a whole and
the fair value of the liability component. Any directly
attributable transaction costs are allocated to the

liability and the equity components, if material, in
proportion to their initial carrying amounts.

Subsequent to the initial recognition, the liability
component of a compound financial instrument
is measured at amortized cost using the effective
interest rate method. The equity component of a
compound financial instrument is not re-measured
subsequent to initial recognition except on
conversion or expiry.

2.17.3. Offsetting of financial instruments

Financial assets and financial liabilities are offset
and the net amount is reported in the balance sheet
if there is a currently enforceable legal right to offset
the recognised amounts and there is an intention to
settle on a net basis, to realise the assets and settle
the liabilities simultaneously.

2.17.4. Reclassification

The Company determines classification of financial
assets and liabilities on initial recognition. After initial
recognition, no reclassification is made for financial
assets which are equity instruments and financial
liabilities. For financial assets which are debt
instruments, a reclassification is made only if there is
a change in the business model for managing those
assets. Changes to the business model are expected
to be infrequent. The management determines
change in the business model as a result of external
or internal changes which are significant to the
Company''s operations. A change in the business
model occurs when the Company either begins or
ceases to perform an activity that is significant to
its operations. If the Company reclassifies financial
assets, it applies the reclassification prospectively
from the reclassification date which is the first day
of the immediately next reporting period following
the change in business model. The Company does
not restate any previously recognised gains, losses
(including impairment gains or losses) or interest.

2.18. FAIR VALUE MEASUREMENT

Fair value is the price that would be received to sell an
asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date.
A fair value measurement assumes that the transaction
to sell the asset or transfer the liability takes place either
in the principal market for the asset or liability or in the
absence of a principal market, in the most advantageous
market for the asset or liability. The principal market or
the most advantageous market must be accessible to
the Company.

The fair value of an asset or a liability is measured using
the assumptions that market participants would use
when pricing the asset or liability, assuming that market
participants act in their economic best interest.

A fair value measurement of a non-financial asset takes
into account a market participant''s ability to generate
economic benefits by using the asset in its highest and
best use or by selling it to another market participant that
would use the asset in its highest and best use

The Company uses valuation techniques that are
appropriate in the circumstances and for which sufficient
data are available to measure fair value, maximising the
use of relevant observable inputs and minimising the use
of unobservable inputs.

All assets and liabilities for which fair value is measured
or disclosed in the financial statements are categorised
within the fair value hierarchy based on the lowest level
input that is significant to the fair value measurement as a
whole. The fair value hierarchy is described as below:

• Level 1 - unadjusted quoted price in active markets for
identical assets and liabilities.

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

• Level 3 - unobservable inputs for the asset or liability

For assets and liabilities that are recognised in the financial
statements at fair value on a recurring basis, the Company
determines whether transfers have occurred between
levels in the hierarchy by re-assessing categorisation at
the end of each reporting period.

For the purpose of fair value disclosures, the Company
has determined classes of assets and liabilities on the
basis of the nature, characteristics and risks of the asset
or liability and the level of fair value hierarchy.

2.19. USE OF MATERIAL ACCOUNTING ESTIMATES,
JUDGEMENTS AND ASSUMPTIONS

The preparation of these standalone financial
statements in conformity with the recognition and
measurement principles of Ind AS requires management
to make estimates and assumptions that affect the
reported balances of assets and liabilities, disclosure
of contingent liabilities as on the date of standalone
financial statements and reported amounts of income
and expenses for the periods presented. The Company
based its assumptions and estimates on parameters
available when the standalone financial statements were
prepared. Estimates and underlying assumptions are
reviewed on an ongoing basis. Revisions to accounting

estimates are recognized in the period in which the
estimates are revised and future periods are affected.

Key assumptions concerning the future and other key
sources of estimation uncertainty at the reporting date
that have a significant risk of causing a material adjustment
to the carrying amounts of assets and liabilities within
the next financial year. Significant estimates and critical
judgement in applying these accounting policies are
described below:

i) Impairment of investments in subsidiaries

The Company conducts impairment reviews of
investments in subsidiaries whenever events
or changes in circumstances indicate that their
carrying amounts may not be recoverable or tests
for impairment annually. Determining whether the
investments in subsidiaries are impaired requires
an estimate of the value in use of investments. In
considering the value in use, the management has
anticipated future cash flows and other factors
of the underlying businesses / operations of the
subsidiaries and a suitable discount rate in order
to calculate the present value. Any subsequent
changes to the cash flows due to changes in the
above-mentioned factors could impact the carrying
value of investments

ii) Impairment of financial assets (including trade
receivables)

Allowance for doubtful receivables and advances
(including advances to subsidiaries) represent
the estimate of losses that could arise due to the
inability of the customer / counter party to make
payments when due. These estimates are based on
the ageing, category, specific credit circumstances
and the historical experience of the Company
as forward-looking estimates at the end of each
reporting period.

iii) Estimation of provisions and contingent
liabilities

Provisions are liabilities of uncertain amount or
timing recognised where a legal or constructive
obligation exists at the balance sheet date, as a result
of a past event, where the amount of the obligation
can be reliably estimated and where the outflow of
economic benefit is probable. Contingent liabilities
are possible obligations that may arise from past
events whose existence will be confirmed only by
the occurrence or non-occurrence of one or more

uncertain future events which are not fully within the
control of the Company. The Company exercises
judgement and estimates in recognising the
provisions. Judgement is necessary in assessing the
likelihood of the success of the pending claim and to
quantify the possible range of financial settlement.
Due to this inherent uncertainty in the evaluation
process, actual losses may be different from the
originally estimated provision.

iv) Fair value measurement of Financial
Instruments:

When the fair values of financial assets and financial
liabilities recorded in the balance sheet cannot
be measured based on quoted prices in active
markets, their fair value is measured using valuation
techniques including the Discounted Cash Flow
model. The inputs to these models are taken from
observable markets where possible, but where this
is not feasible, a degree of judgement is required
in establishing fair values. Judgements include
considerations of inputs such as liquidity risk, credit
risk and volatility.

v) Income taxes:

Significant judgements are involved in estimating
budgeted profits for the purpose of paying advance
tax, determining the provision for income taxes,
including amount expected to be paid/recovered
for uncertain tax positions

2.20.RECENT PRONOUNCEMENTS

The Ministry of Corporate Affairs ("MCA") issues new
standards and amendments to existing standards under
the Companies (Indian Accounting Standards) Rules,
from time to time.

New standard issued / modified but not effective as
at reporting datea. Ind AS 1 - Presentation of Financial Statements

Effective from April 1, 2026, clarify the classification
of liabilities as current or non-current, including
liabilities subject to covenants. The amendments
specify that classification is based on rights existing
at the reporting date, unaffected by management''s
expectations, and that the right to defer settlement
for at least twelve months must exist and have
substance as at that date. They also require
additional disclosures where liabilities are subject to

financial statements to assess the effects of
such arrangements on the Company''s liabilities,
cash flows and exposure to liquidity risk. These
include disclosures regarding the nature of the
arrangements, carrying amount of related liabilities
and payment due dates. The Company has adopted
these amendments and does not expect any
material impact on its financial statements, except
for additional disclosures, where applicable.

c. Ind AS 12 - Income Taxes

The amendments introduce a temporary mandatory
exception from accounting for deferred taxes
related to Pillar Two income taxes and require
specified disclosures. The Company has applied
these amendments and concluded that they do not
have any material impact on the financial statements,
except for additional disclosures, where applicable.

12.5 SHARE ISSUED ON PRIVATE PLACEMENT BASIS

During the quarter, the Company issued 4,59,558 equity shares of I 10 each at premium of I 1078 per share at aggregate value
of I 4999.99 lakhs on preferential basis to non-promoter group. Entire funds are unutilized as at 31^st March 2026 and invested
in mutual funds as well as in fixed deposits. Share issue expenses I 5.24 lakhs related to preferential allotment has been debited
to other equity.

12.6 During the year, the members in its in extra ordinary general meeting held on December 19, 2025, approved special
resolutions for Introduction of Mobavenue AI Tech Employee Stock Option Scheme 2025 ("ESOP 2025") to the employees
of Group. Subsequent to the year end, the Company has granted 1,21,705 stock options out of 7,50,000 options to eligible
employees of Group at an exercise price of I 1088 per option.

12.7 The Company has not bought back any of its equity shares during the five financial years immediately preceding the
reporting date.

29 DISCLOSURE AS REQUIRED BY IND AS 19 - EMPLOYEE BENEFITS

Since the number of employees are lower than the prescribed number required for registration of provident fund and employees
state insurance scheme contribution, hence the the provision for said Act is not applicable to the Company. Further, till previous
year, the Company has not extended any short term or long term benefits to the employee and hence no provision were required
to be made as at March 31, 2026.

29.1 DEFINED BENEFITS PLAN:

During the year, the Company has a defined benefit obligation towards gratuity which is unfunded. The Company has formulated
a policy to pay gratuity on retirement / resignation to every employee who completes five years or more of continuing service. The
present value of the obligation under such defined benefit plan is determined based on an actuarial valuation using the projected
unit credit method. The service cost and the net interest cost would be charged to the statement of profit and loss. Actuarial gains
and losses (net of tax) are recognised immediately in the other comprehensive income (OCI).

Furthermore, in presenting the above sensitivity analysis, the present value of the Defined Benefit Obligation has been calculated
using the projected unit credit method at the end of the reporting period,which is the same method as applied in calculating the
Defined Benefit Obligation as recognised in the balance sheet.

DESCRIPTION OF RISK EXPOSURES

Interest rate risk: A fall in the discount rate which is linked to the G.Sec. Rate will increase the present value of the liability requiring
higher provision.

Salary Risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries of members. As
such, an increase in the salary of the members more than assumed level will increase the plan''s liability.

Mortality risk: Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does not have
any longevity risk

29.2 LEAVE BENEFITS

Duringt the year, the Company has extended leave benefits to the employees and accordingly the company has recognised
provision for leave encashment on arithmetic basis. The expenses have been charged to the standalone statement of profit &
loss, These are short term benefits provided by the company.

29.3 The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four
labour codes viz the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the
Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the "Codes").The Codes have been
made effective from November 21, 2025. The Ministry of Labour & Employment published Central Rules and FAQs to enable
assessment of the financial impact due to changes in regulations.

Since the number of employees are lower than the prescribed number required for registration of various acts, the Company
does not have any material impact on account of above code."

³⁰ CORPORATE SOCIAL RESPONSIBILITY

Disclosure as required under Section 135 of Companies Act, 2013, read with Companies (Corporate Social Policy) Rules, 2014
is as under:

Gross amount required to be spent by the Company during the year I Nil (Previous year: I Nil).

On account of losses incurred in the earlier years, the Company is not required to contribute towards Corporate Social Responsibility
(CSR) as per section 135 of the Companies Act, 2013.

32 OPERATING SEGMENT

Based on the guiding principles given in Ind AS 108 ''Operating Segments'' prescribed under Section 133 of the Companies Act,
2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India, the Company
is now primarily engaged in the business of digital media and advertising agency. As the business fall within a single primary
business segment, the disclosure requirements of Ind AS 108 in this regard are not applicable.

Further, the Company publishes this standalone financial statements alongwith consolidated financial statements. In
accordance with Ind AS 108, Operating Segment, the Company has disclosed the information related to secondary segment in
the consolidated financial statements.

33[ LEASES:

As per Ind AS -116 ''Leases'', the disclosure of transactions with the respect to lease of premises is disclosed as follows:

Assets taken:

(a) The Company has taken office premises on operating Lease which is considered short term leases and low value asset and
accordingly lease rent of I 2.06 lakhs (PY: I 0.90 lakhs) pertaining to has been charged to standalone statement of profit
and loss.

(b) The Company does not have any contingent lease rental expenses/ income.

During the previous year, the parent company has amended object clause in Memorandum of Association (MOA) to start the new
business acitivty i.e., digital media and advertising agency and discontinued the earlier business activity i.e. retail and wholesaler
of sale of goods and accordingly, the earlier business opearation has has been disclosed as discontinued opearation as per Ind AS
105 ''Non-current Assets Held for Sale and Discontinued Operations''. Further, there were no operations relating to the discontinued
business opearations, no additional material disclosures / details are required other than those already presented in the standalone
financial statements.

35[ ACQUISITION

During the previous year, the board of directors of parent company has approved the proposed scheme of arrangement ("the
Scheme") between Mobavenue Media Private Limited ("Transferor Company") and Mobavenue AI Tech Limited (formerly known
as Lucent Industries Limited ("Transferee Company" or ""the parent company"")) under Sections 230 to 232 of the Companies Act,
2013 (""the Act"") read with other applicable provisions of the act together with the rules and regulations. The same was filed with
stock exchange (BSE Limited) for the purpose of approval and the same was returned to the Company with certain changes required.
During the year, consequent to the decision by the board of directors to restructuring the acquisition, the company has acquired
100% stake in Mobavenue Media Private Limited for a consideration of I 5,968.00 lakhs through share purchase agreement dated
September 3, 2025 instead of above scheme of arrangement. The said consideration is repayable over the period of 2 years and
accordingly the investment has been recognised at present value of I 5,248.33 lakhs. Consequently, Mobavenue Media Private
Limited has become the wholly owned subsidiary of the Company.

Notes:

1. Fair value of financial assets measured at amortized cost are broadly in line with the carrying amount in the books of the
Company.

2. Investments in equity shares of subsidiaries which are measured at cost as per Ind As 27, " Seprate Financial Statements" are
not disclosed above.

39.2 FAIR VALUE HIERARCHY

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are whether
observable or unobservable and consists of the following three levels:

T rade receivables

Customer credit risk is managed based on the Company''s established policy, procedures and control relating to customer credit
risk management. The Company evaluates the concentration of risk with respect to trade receivables as low. Outstanding customer
receivables are regularly monitored by the management. The Company has used expected credit loss (ECL) model for assessing
the impairment loss. For the purpose, the company has used a expected credit loss matrix to compute the expected credit loss
amount. The expected credit loss matrix takes into account external and internal risk factors and historical data of credit losses.

Notes:

(a) There has been no transfer between level 1 and level 2 during the year ended March 31, 2026 and March 31, 2025.

(b) During the current as well as previous year, no financial instruments has been valued using level 3 inputs and hence
disclosed with respect to observable inputs of level 3 and its reconciliation are not applicable.

(c) Carrying Value of other financial instrument such as cash & cash equivalent, trade receivables, etc. are resonably
approximate their respective fair values.

40[ FINANCIAL RISK MANAGEMENT:

The Holding Company''s Board of Directors has overall responsibility for the establishment and oversight of the Group''s risk
Management framework. The Group''s risk management policies are established to identify and analyse the risks faced by the
Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and
systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its
training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which
all employees understand their roles and obligations.

40.1 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
conditions. Market risk comprises three types of risk: interest rate risk, credit and default risk and liquidity risk. Financial instruments
affected by market risk include investments, loans, trade receivables, borrowings, trade payables and and other financial liabilities.

40.2 INTEREST RISK:

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of
changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Cash flow interest rate risk
is the risk that the future cash flows of floating interest bearing investments will fluctuate because of fluctuations in the interest
rates. The COmpany does not have any floating rate instruments as at March 31, 2026 and March 31, 2025.

40.3 CREDIT RISK:

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to
a financial loss. The Company is exposed to credit risk from its operating activities, primarily for trade receivables and deposits
with banks and other financial assets.

4l] CAPITAL MANAGEMENT:

For the purposes of the Company''s capital management, capital includes issued capital and all other equity reserves. The primary
objective of the Company''s Capital Management is to maximise shareholder 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 does not have any debt & hence debt to equity ratio are not applicable.

During the year, the company has filed necessary forms with ROC for changes in registered address from ''state of Madhya Pradesh''
to ''state of Maharashtra'' and the same is pending for approval before Registrar of Companies of Madhya Pradesh.

Interim dividend for current financial year aggregating to I 51.57 lakhs [previous year: I Nil] was paid during the year and unpaid
dividend amount has been disclosed under note 17.

On May 15, 2026, the Board of Directors of the Company have proposed a final dividend of I 0.50 per equity share in respect of the
year ended March 31, 2026 subject to the approval of shareholders at the Annual General Meeting, and if approved, would result in
cash outflow of approximately I 26.59 lakhs.

Additional Regulatory Information pursuant General Instructions for preparation of Balance Sheet as given in Part I of Division II of
Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in any
other notes to the Standalone Financial Statements:

48.1 The Company does not have any Benami property and no proceedings have been initiated or is pending against the
Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

48.2 During the year, 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, directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company.

Further, 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, 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.

48.3 The Company has not been sanctioned any working capital facility and taken any borrowing from banks or financial
institutions during the year as well as previous year. Accordingly, there is no requirement for filing of quarterly returns or
statements by the Company with the banks or financial institutions.

48.4 The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful
defaulter at any time during the financial year or after the end of reporting period but before the date when the standalone
financial statements are approved.

48.5 During the current as well as previous year, no loans or advances has been granted to promoters, directors, KMPs and the
related parties, which are (a) repayable on demand or (b) without specifying any terms or period of repayment.

48.6 The Company does not have any charges or satisfaction yet to be registered with the registrar of companies(ROC) beyond
the statutory period as at March 31, 2026 and March 31, 2025.

48.7 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.

48.8 The Company does not have any transactions with the companies struck off under section 248 of the Companies Act,
2013 or section 560 of Companies Act, 1956.

48.9 The Company does not have any such transaction which is not recorded in the books of account that has been surrendered
or disclosed as income during the year as well as previous year in the tax assessments under the Income Tax Act, 1961.

48.10 The Company has not traded or invested in Crypto currency or Virtual Currency during the year as well as previous year.

48.11 The Company has not entered into any scheme of arrangements in terms of sections 230 to 237 of the Companies Act,
2013 except as disclosed in note 34 of this financial statements.

Notes:

(a) Debt equity ratios, Inventory turnover ratio are not applicable to the Company

(b) As disclosed in note 32, during the previous year the company has started the new business acitivty i.e., digital media and
advertising agency and accordingly business opearation and hence ratio for the current year are not stricly comparable
with previous year.

0.00 represent amount less than I 500.

Additional Information as required by para 7 of General Instructions for preparation of Statement of Profit and Loss (other
than already disclosed above) are either Nil or Not Applicable.

2.12. Provisions, contingent liabilities and contingent assets

A provision is recognised when the Company has a present obligation (legal or constructive) as a result of past event
and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable
estimate can be made. Provisions are measured at the best estimate of the expenditure required to settle the present
obligation at the Balance Sheet date.

If the effect of time value of money is material, provisions are discounted using a current pre-tax rate that reflects,
when appropriate, the risk specific to the liability. When discounting is used, the increase in the provision due to the
passage of time is recognized as a finance cost. These are reviewed at each balance sheet date and adjusted to reflect
the current best estimates.

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. When there is a possible obligation or a present obligation in
respect of which likelihood of outflow of resources is remote, no provision or disclosure is made.

The Company does not recognize a contingent asset but discloses its existence in the Standalone Financial Statements
if the inflow of economic benefits is probable. However, when the realisation of income is virtually certain, then the
related asset is no longer a contingent asset, but it is recognised as an asset.

Provisions, contingent liabilities, contingent assets and commitments are reviewed at each balance sheet date.

2.13. Earnings per share

Basic earnings per share is computed using the net profit for the year attributable to the shareholders'' and weighted
average number of shares outstanding during the year. The weighted average numbers of shares also includes fixed
number of equity shares that are issuable on conversion of compulsorily convertible preference shares, debentures or
any other instrument, from the date consideration is receivable (generally the date of their issue) of such instruments.

Diluted earnings per share is computed using the net profit for the year attributable to the shareholder'' and weighted
average number of equity and potential equity shares outstanding during the year including share options, convertible
preference shares and debentures, except where the result would be anti-dilutive. Potential equity shares that are
converted during the year are included in the calculation of diluted earnings per share, from the beginning of the year
or date of issuance of such potential equity shares, to the date of conversion.

2.14. Cash and cash equivalent

Cash and cash equivalents include cash in hand, bank balances, deposits with banks (other than on lien) and all short¬
term and highly liquid investments that are readily convertible into known amounts of cash and are subject to an
insignificant risk of changes in value.

For the purpose of cash flow statement, cash and cash equivalent as calculated above also includes outstanding bank
overdrafts as they are considered an integral part of the Company''s cash management.

2.15. Cash flow statement

Cash flows are reported using the indirect method, where by net profit before tax is adjusted for the effects of
transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments
and item of income or expenses associated with investing or financing cash flows. The cash flows from operating,
investing and financing activities are segregated.

2.16. Segment Reporting

Operating segments have been identified taking into account the nature of the products / services, geographical
locations, nature of risks and returns, internal organization structure and internal financial reporting system. The
Company prepares its segment information in conformity with the accounting policies adopted for preparing and
presenting the Standalone Financial Statements of the Group as a whole. These operating results are regularly
reviewed by the company''s Chief Operating Decision Maker (“CODM").

2.17. Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity
instrument of another entity.

Initial recognition and measurement

Financial assets and financial liabilities are initially measured at fair value except for trade receivables that are initially
measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial
assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss)
are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial

recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair
value through profit or loss are recognized immediately in the statement of profit or loss.

2.17.1. Financial assets

Subsequent measurement:

For subsequent measurement, the Company classifies a financial asset in accordance with the below criteria:

• The Company''s business model for managing the financial asset and

• The contractual cash flow characteristics of the financial asset.

Based on the above criteria, the Company classifies its financial assets into the following categories:

a. Financial assets at amortized cost (debt instruments)

b. Financial assets at fair value through other comprehensive income (FVTOCI) with recycling of cumulative gains
and losses (debt instruments)

c. Financial assets at fair value through profit or loss (FVTPL)

d. Financial assets measured at fair value through other comprehensive income (FVTOCI) with no recycling of
cumulative gains and losses upon derecognition (equity instruments)

Financial assets measured at amortized cost:

A financial asset is measured at the amortized cost if both the following conditions are met:

i) The Company''s business model objective for managing the financial asset is to hold financial assets in order to
collect contractual cash flows, and

ii) The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments
of principal and interest on the principal amount outstanding

This category applies to cash and bank balances, trade receivables, loans and other financial assets of the Company. Such
financial assets are subsequently measured at amortized cost using the effective interest method. Under the effective
interest method, the future cash receipts are exactly discounted to the initial recognition value using the effective interest
rate. The cumulative amortization using the effective interest method of the difference between the initial recognition
amount and the maturity amount is added to the initial recognition value (net of principal repayments, if any) of the
financial asset over the relevant period of the financial asset to arrive at the amortized cost at each reporting date. The
corresponding effect of the amortization under effective interest method is recognized as interest income over the relevant
period of the financial asset. The same is included under other income in the Statement of Profit and Loss.

The amortized cost of a financial asset is also adjusted for loss allowance, if any.

Investments in equity instruments at FVTOCI

On initial recognition, the Company can make an irrevocable election (on an instrument-by-instrument basis) to present
the subsequent changes in fair value in other comprehensive income pertaining to investments in equity instruments. This
election is not permitted if the equity investment is held for trading. These elected investments are initially measured at
fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising from changes
in fair value recognised in other comprehensive income and accumulated in the ''Reserve for equity instruments through
other comprehensive income''. The cumulative gain or loss is not reclassified to profit or loss on disposal of the investments.

Financial assets at fair value through profit or loss (FVTPL)

Investments in equity instruments are classified as at FVTPL, unless the Company irrevocably elects on initial recognition to
present subsequent changes in fair value in other comprehensive income for investments in equity instruments which are
not held for trading.

Financial assets at FVTPL are measured at fair value at the end of each reporting period, with any gains or losses arising
on re-measurement recognized in profit or loss. The net gain or loss recognized in profit or loss incorporates any dividend
or interest earned on the financial asset and is included in the ''Other income'' line item. Dividend on financial assets at
FVTPL is recognized when the Company''s right to receive the dividends is established, it is probable that the economic
benefits associated with the dividend will flow to the entity, the dividend does not represent a recovery of part of cost of
the investment and the amount of dividend can be measured reliably.

Effective interest method

The effective interest method is a method of calculating the amortized cost of a debt instrument and of allocating interest
income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts
(including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and
other premiums or discounts) through the expected life of the debt instrument, or, where appropriate, a shorter period, to
the gross carrying amount on initial recognition.

Income is recognized on an effective interest basis for debt instruments other than those financial assets classified as at
FVTPL. Interest income is recognized in profit or loss and is included in the “Other income" line item.

Impairment of financial assets

The Company recognizes loss allowances using the expected credit loss (ECL) model based on ''simplified approach'' for the
financial assets which are not fair valued through profit or loss. Loss allowance for trade receivables with no significant
financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses
are measured at an amount equal to the twelve-month ECL, unless there has been a significant increase in credit risk from
initial recognition in which case those are measured at lifetime ECL. The amount of expected credit losses (or reversal) that
is required to adjust the loss allowance at the reporting date to the amount that is required to be recognized is recognized
as an impairment gain or loss in statement of profit and loss.

De-recognition of financial asset

The Company de-recognizes a financial asset when the contractual rights to the cash flows from the asset expire, or when
it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party. If the
Company neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the
transferred asset, the Company recognises its retained interest in the asset and an associated liability for amounts it may
have to pay. If the Company retains substantially all the risks and rewards of ownership of a transferred financial asset,
the Company continues to recognize the financial asset and also recognizes a collateralized borrowing for the proceeds
received.

On de-recognition of a financial asset in its entirety, the difference between the asset''s carrying amount and the sum of the
consideration received and receivable and the cumulative gain or loss that had been recognised in other comprehensive
income and accumulated in equity is recognised in profit or loss if such gain or loss would have otherwise been recognised
in profit or loss on disposal of that financial asset.

On de-recognition of a financial asset other than in its entirety (e.g. when the Company retains an option to repurchase
part of a transferred asset), the Company allocates the previous carrying amount of the financial asset between the part it
continues to recognize under continuing involvement, and the part it no longer recognises on the basis of the relative fair
values of those parts on the date of the transfer. The difference between the carrying amount allocated to the part that is
no longer recognised and the sum of the consideration received for the part no longer recognised and any cumulative gain
or loss allocated to it that had been recognised in other comprehensive income is recognised in profit or loss if such gain
or loss would have otherwise been recognised in profit or loss on disposal of that financial asset. A cumulative gain or loss
that had been recognised in other comprehensive income is allocated between the part that continues to be recognised
and the part that is no longer recognized on the basis of the relative fair values of those parts.

Investment in subsidiary:

The Company has elected to recognize its investments in subsidiary at cost in accordance with the option available in
Ind AS 27, ''Separate Financial Statements''. Investments in subsidiaries are carried at cost less accumulated impairment
losses, if any. Where an indication of impairment exists, the carrying amount of the investment is assessed. Where the
carrying amount of an investment is greater than its estimated recoverable amount, it is written down immediately to its
recoverable amount and the difference is transferred to the Statement of Profit and Loss. On disposal of investment, the
difference between the net disposal proceeds and the carrying amount is charged or credited to the Statement of Profit
and Loss.

2.17.2. Financial Liability and equity instrument
Classification as debt or equity

Debt and equity instruments issued by the Company are classified as either financial liabilities or as equity in
accordance with the substance of the contractual arrangements and the definitions of a financial liability and an
equity instrument.

Equity instruments

An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all
of its liabilities. Equity instruments issued by the Company are recognised at the proceeds received, net of direct
issue costs. Repurchase of the Company''s own equity instruments is recognised and deducted directly in equity. No
gain or loss is recognised in profit or loss on the purchase, sale, issue or cancellation of the Company''s own equity
instruments.

Financial liabilities

All financial liabilities are subsequently measured at amortised cost using the effective interest method or at FVTPL.

However, financial liabilities that arise when a transfer of a financial asset does not qualify for de-recognition or when
the continuing involvement approach applies, financial guarantee contracts issued by the Company, and commitments
issued by the Company to provide a loan at below-market interest rate are measured in accordance with the specific
accounting policies set out below.

Financial liabilities at FVTPL

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities
designated upon initial recognition as at fair value through profit or loss.

A financial liability is classified as held for trading if:

• it has been incurred principally for the purpose of repurchasing it in the near term; or

• on initial recognition it is part of a portfolio of identified financial instruments that the Company manages
together and has a recent actual pattern of short-term profit-taking; or

• it is a derivative that is not designated and effective as a hedging instrument.

A financial liability other than a financial liability held for trading may also be designated as at FVTPL upon initial
recognition if:

• such designation eliminates or significantly reduces a measurement or recognition inconsistency that would
otherwise arise; or

• the financial liability forms part of a group of financial assets or financial liabilities or both, which is managed
and its performance is evaluated on a fair value basis, in accordance with the Company''s documented risk
management or investment strategy, and information about the grouping is provided internally on that basis; or

• it forms part of a contract containing one or more embedded derivatives, and Ind AS 109 permits the entire
combined contract to be designated as at FVTPL in accordance with Ind AS 109.

Financial liabilities at FVTPL are stated at fair value, with any gains or losses arising on remeasurement recognised
in the statement of profit and loss, except for the amount of change in the fair value of the financial liability that is
attributable to changes in the credit risk of that liability which is recognised in other comprehensive income.

The net gain or loss recognised in the statement of profit and loss incorporates any interest paid on the financial
liability

Financial liabilities subsequently measured at amortised cost

Financial liabilities that are not held-for-trading and are not designated as at FVTPL are measured at amortised
cost at the end of subsequent accounting periods. The carrying amounts of financial liabilities that are subsequently
measured at amortised cost are determined based on the effective interest method. Interest expense that is not
capitalised as part of costs of an asset is included in the ''Finance costs'' line item.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating
interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated
future cash payments (including all fees and points paid or received that form an integral part of the effective interest
rate, transaction costs and other premiums or discounts) through the expected life of the financial liability or (where
appropriate) a shorter period, to the gross carrying amount on initial recognition.

Financial guarantee contracts

A financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the
holder for a loss it incurs because a specified debtor fails to make payments when due in accordance with the terms
of a debt instrument.

Financial guarantee contracts issued by the Company are initially measured at their fair values and, if not designated
as at FVTPL, are subsequently measured at the higher of:

• the amount of loss allowance determined in accordance with impairment requirements of Ind AS 109; and

• the amount initially recognised less, when appropriate, the cumulative amount of income recognised in
accordance with the principles of Ind AS 115.

Compound financial instruments

The liability component of a compound financial instrument is recognized initially at fair value of a similar liability
that does not have an equity component. The equity component is recognized initially as the difference between the
fair value of the compound financial instrument as a whole and the fair value of the liability component. Any directly
attributable transaction costs are allocated to the liability and the equity components, if material, in proportion to
their initial carrying amounts.

Subsequent to the initial recognition, the liability component of a compound financial instrument is measured at
amortized cost using the effective interest rate method. The equity component of a compound financial instrument
is not re-measured subsequent to initial recognition except on conversion or expiry.

Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a
currently enforceable legal right to offset the recognised amounts and there is an intention to settle on a net basis, to
realise the assets and settle the liabilities simultaneously.

Reclassification

The Company determines classification of financial assets and liabilities on initial recognition. After initial recognition,
no reclassification is made for financial assets which are equity instruments and financial liabilities. For financial assets
which are debt instruments, a reclassification is made only if there is a change in the business model for managing
those assets. Changes to the business model are expected to be infrequent. The management determines change
in the business model as a result of external or internal changes which are significant to the Company''s operations.
A change in the business model occurs when the Company either begins or ceases to perform an activity that is
significant to its operations. If the Company reclassifies financial assets, it applies the reclassification prospectively
from the reclassification date which is the first day of the immediately next reporting period following the change in
business model. The Company does not restate any previously recognised gains, losses (including impairment gains
or losses) or interest.

2.17.3. Fair value measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. A fair value measurement assumes that the transaction
to sell the asset or transfer the liability takes place either in the principal market for the asset or liability or in the
absence of a principal market, in the most advantageous market for the asset or liability. The principal market or the
most advantageous market must be accessible to the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when
pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant''s ability to generate
economic benefits by using the asset in its highest and best use or by selling it to another market participant that
would use the asset in its highest and best use

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data
are available to measure fair value, maximising the use of relevant observable inputs and minimising the use of
unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within
the fair value hierarchy based on the lowest level input that is significant to the fair value measurement as a whole.
The fair value hierarchy is described as below:

• Level 1 - unadjusted quoted price in active markets for identical assets and liabilities.

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

• Level 3 - unobservable inputs for the asset or liability

For assets and liabilities that are recognised in the financial statements at fair value on a recurring basis, the Company
determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation at the end
of each reporting period.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of
the nature, characteristics and risks of the asset or liability and the level of fair value hierarchy.

2.18. Use of material accounting estimates, judgements and assumptions

The preparation of these Standalone Financial Statements in conformity with the recognition and measurement principles of
Ind AS requires management to make estimates and assumptions that affect the reported balances of assets and liabilities,
disclosure of contingent liabilities as on the date of Standalone Financial Statements and reported amounts of income and
expenses for the periods presented. The Company based its assumptions and estimates on parameters available when the
Standalone Financial Statements were prepared. Estimates and underlying assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates are recognized in the period in which the estimates are revised and future periods are
affected.

Key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
year. Significant estimates and critical judgement in applying these accounting policies are described below:

i) Impairment of financial assets:

ii) Estimation of provisions and contingent liabilities

iii) Income taxes:

iv) Impairment of non-financial assets:

2.19. Recent Pronouncements

Ministry of Corporate Affairs (“MCA") notifies new standards of amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to time. For the year ended March 31, 2025, MCA has not modified
any new standards or amendments to the existing standards applicable to the Company.

25 Corporate Social Responsibility

Disclosure as required under Section 135 of Companies Act, 2013, read with Companies (Corporate Social Policy) Rules,
2014 is as under:

Gross amount required to be spent by the Company during the year Rs. Nil (Previous year: Rs. Nil).

On account of losses incurred in the earlier years, the Company is not required to contribute towards Corporate Social
Responsibility (CSR) as per section 135 of the Companies Act, 2013.

26 Employee benefits

Since the number of employees are lower than the prescribed number required for registration of provident fund,
employees state insurance scheme contribution and gratuity and hence the the provision for said Act is not application to
the Company. Further, the Company has not extended any short term or long term benefits to the employee and hence no
disclosures are applicable for the current year as well as the previous year.

27 Contingent liabilities and Commitments

As on March 31, 2025 (PY: Nil), the Company does not have any contingent liabilities, capital and other commitments.

30 Segment Reporting:

Based on the guiding principles given in Ind AS 108 ''Operating Segments'' prescribed under Section 133 of the Companies
Act, 2013 read with the relevant rules issued thereunder and other accounting principles generally accepted in India, the
Company is now primarily engaged in the business of digital media and advertising agency. As the business fall within a
single primary business segment, the disclosure requirements of Ind AS 108 in this regard are not applicable

Information related to secondary segment i.e., geographical are given below:

(c) Major customers

During the year, the Group has three customer amounting to Rs. 261.55 Lakhs which accounts for more than 10%
of the Group''s total revenue for the year ended March 31, 2025. In the previous year, the Group does not have any
revenue from operation.

31 Leases:

As per Ind AS -116 ''Leases'', the disclosure of transactions with the respect to lease of premises is disclosed as follows:
Assets taken:

(a) The Company has taken office premises on operating Lease which is considered short term leases and low value
asset and accordingly lease rent of Rs. 0.90 Lakhs (P.Y. Rs. 0.39 Lakhs) pertaining to has been charged to Standalone
Statement of Profit and Loss.

(b) The Company does not have any contingent lease rental expenses/ income.

32 During the year, the Company has amended object clause in Memorandum of Association (MOA) to start the new business
acitivty i.e., digital media and advertising agency and discontinued the earlier business activity i.e. retail and wholesaler
of sale of goods and accordingly, the earlier business opearation has has been disclosed as discontinued opearation as per
Ind AS 105 ''Non-current Assets Held for Sale and Discontinued Operations''. Further, there were no operations relating to
the discontinued business opearations, no additional material disclosures / details are required other than those already
presented in the Standalone Financial Statements.

33 Scheme of Arrangement

During the year, the Board of Directors of Company has approved the proposed scheme of arrangement (“the Scheme")
between Mobavenue Media Private Limited (“Transferor Company") and Lucent Industries Limited (“Transferee Company" or
“the Company") under Sections 230 to 232 of the Companies Act, 2013 (“the Act") read with other applicable provisions of
the act together with the rules and regulations. The same has been filed with stock exchange (BSE Limited) for the purpose of
approval. Post receipt of approval of stock exchange the same will be filed with NCLT for further process. Pending approval, no
accounting effect of the said scheme has been given in the books of accounts during the year.

34 Related Party Disclosures

Disclosures as required by the Indian Accounting Standard 24 (Ind AS-24) “Related Party Disclosures" are given below:

Note: Fair value of financial assets measured at amortized cost are broadly in line with the carrying amount in the books of

the Company.

37.2 Fair Value Hierarchy

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are whether

observable or unobservable and consists of the following three levels:

Level Nature of Inputs

Level 1 Inputs are quoted prices (unadjusted) in active markets for identical assets and liabilities

Level 2 Inputs are other than quoted prices included within level 1 that are observable for the asset or liability either

directly (i.e. prices) or indirectly (i.e. derived from prices).

Level 3 Inputs are not based on observable market data unobservable inputs. Fair value are determined in whole or

in part using a valuation model based on assumptions that are neither supported by prices from observable
current market transactions in the same instrument nor are they based on available market data.

Notes:

(a) There has been no transfer between level 1 and level 2 during the year ended March 31, 2025 and March 31, 2024.

(b) During the current as well as previous year, no financial instruments has been valued using level 3 inputs and hence
disclosed with respect to observable inputs of level 3 and its reconciliation are not applicable.

38 Financial Risk Management:

The Holding Company''s Board of Directors has overall responsibility for the establishment and oversight of the Group''s risk
Management framework. The Group''s risk management policies are established to identify and analyse the risks faced by
the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management
policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The
Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive
control environment in which all employees understand their roles and obligations.

38.1 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 conditions. Market risk comprises three types of risk: interest rate risk, credit and default risk and liquidity risk.
Financial instruments affected by market risk include investments, loans, trade receivables, borrowings, trade payables and
and other financial liabilities.

38.2 Interest Risk:

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the
risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Cash flow
interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate because of
fluctuations in the interest rates.

38.3 Credit risk:

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading
to a financial loss. The Company is exposed to credit risk from its operating activities, primarily for trade receivables and
deposits with banks and other financial assets."

Trade receivables

Customer credit risk is managed based on the Company''s established policy, procedures and control relating to customer
credit risk management. The Company evaluates the concentration of risk with respect to trade receivables as low.
Outstanding customer receivables are regularly monitored by the management. The Company has used expected credit
loss (ECL) model for assessing the impairment loss. For the purpose, the company has used a provision matrix to compute
the expected credit loss amount. The provision matrix takes into account external and internal risk factors and historical
data of credit losses.

41 Additional Regulatory Information pursuant General Instructions for preparation of Balance Sheet as given in Part I of
Division II of Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those
given elsewhere in any other notes to the Standalone Financial Statements:

41.1 The Company does not have any Benami property and no proceedings have been initiated or is pending against the Company
for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder

41.2 During the year, 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, directly
or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company.

Further, 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, 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.

41.3 The Company has not been sanctioned any working capital facility and taken any borrowing from banks or financial
institutions during the year as well as previous year. Accordingly, there is no requirement for filing of quarterly returns or
statements by the Company with the banks or financial institutions

41.4 The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful
defaulter at any time during the financial year or after the end of reporting period but before the date when the Standalone
Financial Statements are approved.

41.5 During the current as well as previous year, no loans or advances has been granted to promoters, directors, KMPs and the
related parties, which are (a) repayable on demand or (b) without specifying any terms or period of repayment.

41.6 The Company does not have any charges or satisfaction yet to be registered with the registrar of companies(ROC) beyond
the statutory period as at March 31, 2025 and March 31, 2024.

41.7 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.

41.8 The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013
or section 560 of Companies Act, 1956.

41.9 The Company does not have any such transaction which is not recorded in the books of account that has been surrendered
or disclosed as income during the year as well as previous year in the tax assessments under the Income Tax Act, 1961.

41.10The Company has not traded or invested in Crypto currency or Virtual Currency during the year as well as previous year.

41.11 The Company has not entered into any scheme of arrangements in terms of sections 230 to 237 of the Companies Act,
2013.

(a) Inventory turnover ratio are not applicable to the Company

(b) As disclosed in note 32, during the year the company has started the new business acitivty i.e., digital media and advertising
agency and accordingly business opearation has been started during the year and hence ratio for the current year is not
comparable with previous year.

42 Additional Information as required by para 7 of General Instructions for preparation of Statement of Profit and Loss
(other than already disclosed above) are either Nil or Not Applicable.

The accompanying notes 1 to 42 form an integral part of the Standalone Financial Statements.

As per our attached report on even date.

For Goenka Mehta & Associates For N. A. Shah Associates LLP For and on behalf of the Board of Directors of

Chartered Accountants Chartered Accountants Lucent Industries Limited

FRN:129445W FRN:.116560W / W100149

CA Gaurav Mehta CA Prashant Daftary Ishank Joshi Tejas Rathod

Partner Partner Managing Director Director & CFO

M. No.: 130401 M. No.:117080 DIN: 05289924 DIN: 07111110

Manali Gohil

Company Secretary
M. No. 64629

Place: Rajkot Place: Mumbai Place: Mumbai

Date : June 3, 2025 Date : June 3, 2025 Date : June 3, 2025

Statement of significant accounting policies and other explanatory notes form part of the balance sheet and statement of profit and loss.

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 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 ensuing Annual General Meeting. In event of liquidation of the Company, the holders of equity shares would 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.

Basis of preparation

The financial statements of the Company have been prepared in accordance with the generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under Section 133 of the Companies Act, 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 and Companies (Accounting Standards) Amendment Rules, 2016. The financial statements have been prepared on an accrual basis and under the historical cost convention. The accounting policies adopted in the preparation of financial statements are consistent with those of previous year, except for the change in accounting policy explained below.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenue and expenses during the reporting period. Differences between actual results and estimates are recognised in the period in which the results are known / materialised

Note: 12 Significant Accounting Policiesa) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Valuation of Inventories: There are no Inventories in the company.

c) Fixed assets and depreciation: There are no Fixed Assets in the company.

d) Investments: Investment made by the company are valued at Cost.

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

Note: 13 Balances of Sundry Debtors, Creditors, Loans and Advances are subject to confirmation and reconciliation.

Note: 14 In the opinion of the Board of directors, the current assets, Loans & advances are approximately of the value stated if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

Note: 15 No Remuneration paid to the directors during the year.

Note: 16 No related party transaction were carried out during the year.

Note: 17 there is no reportable segment as per the contention of the management.

Note: 18 Basic and Diluted Earnings per share (EPS) computed in accordance with

Accounting Standard (AS) 20 "Earning per Share"

Note: 20 previous year figures have been regrouped and recasted wherever necessary. Note: 21 Other Notes

Additional Regulatory Information pursuant to Clause 6L of General Instructions for preparation of Balance Sheet as given in Part I of Division II of Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in any other notes to the Financial Statements.

a. During the year ended March 31, 2024 and March 31, 2023, the Company has not advanced or loaned or invested funds (either borrowed funds or share premium or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall:

i) 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

ii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

Further, during the year ended March 31, 2024 and March 31, 2023, the Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: i) 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 ii) provide any guarantee, security, or the like on behalf of the ultimate beneficiaries.

b. The Company has not invested or traded in Crypto Currency or Virtual Currency during the year ended March 31, 2024 (Previous: NIL)

c. No proceedings have been initiated on or are pending against the Company for holding benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) (formerly the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)) and Rules made thereunder during the year ended March 31, 2024(Previous year: Nil).

d. The Company has not been declared Wilful Defaulter by any bank or financial institution or government or any government authority during the year ended March 31, 2024 (Previous year: Nil).

e. The Company has not surrendered or disclosed as income any transactions not recorded in the books of accounts in the course of tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961) during the year ended March 31, 2024 (Previous year: Nil).

f. The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year ended March 31, 2024 (Previous year: Nil).

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