అకౌంట్స్ గమనికలుRSD Finance Ltd.

Mar 31, 2025

2.14. Provisions and contingencies:

Provisions: Provisions are recognised when there is a present obligation or constructive obligation as a result of a past event

and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and there
is a reliable estimate of the amount of the obligation.

Contingent Liabilities: Contingent liabilities are disclosed when there is a possible obligation arising from past events the
existence of which will be confirmed only by the occurrence or non occurrence of one or more uncertain future events not
wholly within the control of the company or a present obligation that arises from past events where it is either not probable
that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.

2.15. Earnings per share:

Basic EPS is computed by dividing the net profit attributable to shareholders by the weighted average number of equity shares
outstanding during the year.

Diluted EPS is computed using the weighted average number of equity and dilutive equity equivalent shares outstanding
during the year-end. except where the results would be anti-dilutive.

2.16 Borrowings:

Borrowing Cost that are directly attributable to the acquisition/ construction of the qualifying asset are capitalised until the
time all the substantial activities necessary to prepare such assets for the intended use are complete. All other borrowing costs
are recognised as expenditure during the period in which they are incurred.

Borrowing are initially recognised at fair value,net of transaction costs. Borrowings are subsequently measured at

Borrowing are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or
expired. The difference between the carrying amount of a financial liability that has been extinguished or transferred to

another party and the consideration paid, including any non-cash assets transferred or liabilities assumed is recognised in profit or loss

2.17. Foreign exchange transactions

The Company during the year did not have foreign exchange transaction.

2.18. Taxation

Income tax expense comprises current tax(i.e amount of tax for the period determined in accordance with Income Tax
Act 1961 and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income

and taxable income for the period). The deferred tax charge or, credit and the corresponding deferred lax liabilities or,
assets are recognised using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax assets are recognised only to the extent there is reasonable certainty that the assets can be realised in future-
however where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets arc
recognised only if there is a virtual certainty of realization of such assets. Deferred tax assets are reviewed as at each

balance sheet date and written down or written up to reflect the amount that is reasonably / virtually certain (as the case
may be) to be realised.

Deferred tax assets include Minimum Alternative Tax (MAT) paid in accordance with the tax laws in India which is
likely to give future economic benefits in the form of availability of set off against future income tax liability
Accordingly, MAT ,s recognised as deferred tax asset in the balance sheet when the asset can be measured reliably and
it is probable that the future economic benefit associated with asset will be realised''.

Current and deferred tax expense is recognised in the Statement of Profit and Loss, except when they relate to items that
are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax are also
recognised in other comprehensive income or directly in equity respectively.

2.19. The Company has not accepted any Public Deposits during the year under review and the Board of Directors have passed
resolution to the effect that the Company has neither accepted Public Deposit nor would accept any public Deposit during the

---

Mar 31, 2024

2.14. Provisions and contingencies:

Provisions: Provisions are recognised when there is a present obligation or constructive obligation as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and there is a reliable estimate of the amount of the obligation.

Contingent Liabilities: Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or non occurrence of one or more uncertain future events not wholly within the control of the company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.

2.15. Earnings per share:

Basic EPS is computed by dividing the net profit attributable to shareholders by the weighted average number of equity shares outstanding during the year.

Diluted EPS is computed using the weighted average number of equity and dilutive equity equivalent shares outstanding during the year-end, except where the results would be anti-dilutive.

2.16 Borrowings:

Borrowing Cost that are directly attributable to the acquisition/ construction of the qualifying asset are capitalised until the time all the substantial activities necessary to prepare such assets for the intended use are complete. All other borrowing costs are recognised as expenditure during the period in which they are incurred.

Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortised cost.

Borrowings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired. The difference between the carrying amount of a financial liability that has been extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred or liabilities assumed is recognised in profit or loss.

2.17. Foreign exchange transactions

The Company during the year did not have foreign exchange transaction.

2.18. Taxation

Income tax expense comprises current tax (i.e. amount of tax for the period determined in accordance with Income Tax Act, 1961) and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the period). The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognised using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax assets are recognised only to the extent there is reasonable certainty that the assets can be realised in future; however, where there is unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are recognised only if there is a virtual certainty of realization of such assets. Deferred tax assets are reviewed as at each balance sheet date and written down or written up to reflect the amount that is reasonably / virtually certain (as the case may be) to be realised.

Deferred tax assets include Minimum Alternative Tax (MAT) paid in accordance with the tax laws in India, which is likely to give future economic benefits in the form of availability of set off against future income tax liability. Accordingly, MAT is recognised as deferred tax asset in the balance sheet when the asset can be measured reliably, and it is probable that the future economic benefit associated with asset will be realised.

Current and deferred tax expense is recognised in the Statement of Profit and Loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive income or directly in equity respectively.

2.19. The Company has not accepted any Public Deposits during the year under review and the Board of Directors have passed resolution to the effect that the Company has neither accepted Public Deposit nor would accept any public Deposit during the year.

Risk Management

Whilst risk is inherent in the Company’s activities, it is managed through an integrated risk management framework including ongoing identification, measurement and monitoring, subject to risk limits and other controls. This process of risk management is critical to the Company’s continuing profitability and each individual within the Company is accountable for the risk exposures relating to his or her responsibilities. The Company is mainly exposed to market risk, liquidity risk and credit risk. It is also subject to various operating and business risks.

The Board of Directors are responsible for the overall risk management approach and for approving the risk management strategies and principles.

The Company has a robust Risk management framework to identify, evaluate business risk and opportunities. This framework seeks to create transparency, minimize adverse impact on the business objectives and enhance the competitive advantage. The framework has a different risk model which helps in identifying risk trends, exposure and potential impact analysis at a company level.

a. Market Risk

The Company''s Financial Instruments are exposed to market changes as are summarised below:

Foreign currency risk

The Company does not have any exposure to foreign currency. Hence, any fluctuations on account of foreign currency has not arisen.

Equity price risk

The Company is exposed to equity price risk arising from its investments in equity instruments. Equity price risk is related to the change in market reference price of the investment in equity securities.

Interest rate risk

The Company is not exposed to interest rate risk as it has borrowings at fixed rate of interest. There are no long term borrowings at floating interest rate which would affect the profitability of the Company due to fluctuation in interest rate.

b. Liquidity Risk

Liquidity risk is the risk that the Company does not have sufficient financial resources to meet its obligations as they fall due,or will have to do so at an excessive cost. This risk arises from mismatches in the timing of cash flows which is inherent in all finance driven organisations and can be affected by a range of Company-specific and market-wide events.

Note-35

Disclosure of Fair Value of Investment Property :

On transition to IND AS, the company has elected to continue with the carrying value of all of its property, plant and equipment recognised as at April 1, 2018 measured as per the previous GAAP and use that carrying value as deemed cost of the property, plant and equipment. As a result of the above decision taken by the company, the company is not required to get its valuation done and hence the question of valuation being done by a registered valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017 does not arise.

Note-36

Revaluation of Property, Plant & Equipments

The Company has not revalued its property, plant and equipment or intangible assets during the current or previous financial year. Hence the disclosure as to the re-valuation is done by a registered valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017 does not arise.

Note-37

Loans & Advances to Directors, Promoters KMPs & Related Parties

The Company has not granted any loans or advances in the nature of loan outstanding to any of its Promoters, Directors, Key Managerial Personals and related parties.

Note-38

Capital-Work-in Progress (CWIP) / Intangible assets under development (ITAUD)

The Company does not have any Capital Work in Progress Account as at the Current and Previous Balance Sheet Date.

Note-39

Details of Benami Property held

No proceedings have been initiated or are pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of1988) and the rules made thereunder.

Note-40

Borrowings from banks or financial institutions on the basis of security of current assets:

The Company does not have any borrowings from banks and financial institutions on the basis of security of current assets. Hence this disclosure is not applicable to the company.

Note-41

Wilful Defaulter

The Company has not been declared as a Wilful Defaulter by any bank or financial institution or government or any government authority.

Note-42

Relationship with struck off companies

The Company has reviewed transaction to identify if there are any transaction with struck off companies to the extent information is available on struck off companies, there are no transaction with struck off Companies.

Note-43

Registration of charges or satisfaction with Registrar of Companies

The Company do not have any pending charges or satisfaction that are yet to be registered with ROC beyond the statutory period.

Note-44

Compliance with number of layers of companies

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.

Note-45

Compliance with approved Scheme(s) of Arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

* The Company had spent an excess amount of Rs. 7.50 Lacs during the financial year 2021-22 towards which Rs. 7.08 Lacs was adjusted in the year 2022-23 and the balance of Rs. 0.42 Lacs had been adjusted in the financial year 2023-24, in compliance to the provisions of Rule 7(3) of the companies ( CSR Policy ) Rule, 2014.

Note-49

Utilisation of Borrowed funds and share premium:

A. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a) 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

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

B. 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:

a) 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

b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries

C. The Company has used the borrowings from Banks and Financial Institutions for the specific purpose for which it was taken at the balance sheet date.

Note-50

Details of Crypto Currency or Virtual Currency

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

Note-51

Undisclosed Income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

Note-52

Previous year''s figure have been regrouped/reclassified / re-arranged wherever necessary to correspond with the current year''s classification/disclosure.

As per our report of even date attached.

For and on behalf of the Board of Directors of

For Prasad Kumar & Co. RSD Finance Limited

Chartered Accountants FRN: 008816C

Rajeev Singh Dugal Upneet Dugal

Managing Director Director

DIN:00052037 DIN:07680726

Rajesh Prasad Partner M. No. 075409

Ravi Joshi Subhajita Biswal

Date: 27/05/2024 Chief Financial Officer Company Secretary

Place: Jamshedpur UDIN: 24075409BKHJYC3096

---

Mar 31, 2023

2.15. Provisions and contingencies:

Provisions: Provisions are recognised when there is a present obligation or constructive obligation as a result of a past event

and n is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and there is a reliable, estimate of the amount of the obligation. ⁸ °^{n and there}

^j;^ies; Contingent liabilities are disclosed when there is a possible obligation arising from past events the existence of wh.ch wtll be confirmed only by the occurrence or non occurrence of one or more uncertain future events not

that''an n''T f ^C°" n °'' ^{3 PreSent} °^{bligation tha}‘ ^arises from past events where it is either not probable

that an outflow of resources wtll be required to settle or a reliable estimate of the amount cannot be made.

2.16. Earnings per share:

^^S5?i*** "" ^Prom "^ibUlable “ ^Sbareh°^ld"^{s by} "" of «*y sh.es

Diluted EPS is computed using the weighted average number of equity and dilutive equity equivalent shares outstanding during the year-end, except where the results would be anti-dilutive. ®

2.17. Borrowings:

Borrowing Cost that are directly attributable to the acquisition/ construction of the qualifying asset are capitalised until the

^S:""^ial «**« r—» “ P-l* — »ss«s f„, in,ended Jara I''llT

are recognised as expenditure during the period in which they are incurred

E525T ^M,“"^{> reC08ni}“^d “ “^{r V,}''“'' “ °^{f ,r}"“^C"°ⁿ ““ ^,"^C“^rred *"»*»* - subsequently .ensured „

Boeings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or

ano h 1 ^bet7^{een the can}>ⁱⁿg ^{amount a} financial liability that has been extinguished or transferred to

profit or test ^{cons,deratlon} P^a''* including any non-cash assets transferred or liabilities assumed is recognised in

2.18. Foreign exchange transactions

The Company during the year did not have foreign exchange transaction.

2.19. Taxation

|ⁿ96°n ^Cai^ad^XdTⁿ H ” ^CUrrem,^{taX (i e} “ ^{0f t3X f0r the peri0d determined in accordance wi}‘^b income Tax Act, and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and

. able income for the period). The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognised using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax assets are recognised only to the extent there is reasonable certainty that the assets can be realised in future-however where there ,s unabsorbed depreciation or carried forward loss under taxation laws, deferred tax assets are

ZTdt °H^y » h ''^{S 3 Vlr,Ua}‘ ^Certainty °^{f realiza,ion of such assets}- ^Defcrred tax assets are reviewed as at each balance realtd " ^{Wntten UP} ‘° ^ ^ ^{that i$ reasonab|}y¹ dually certain (as the case may be) to be

Deferred tax assets include Minimum Alternative Tax (MAT) paid in accordance with the tax laws in India, which is likely to give future economic benefits in the form of availability of set off against future income tax liability. Accordingly MAT is recogmsed as deferred tax asset in the balance sheet when the asset can be measured reliably, and it is probable that the future economic benefit associated with asset will be realised.

Current and deferred tax expense is recognised in the Statement of Profit and Loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive income or directly in equity respectively.

20'' Company has not accepted during the year under review and the Board of Directors have passed

resolution to the effect that the (jHb^^^g^ccepted Public Deposit nor would accept any public Deposit during the

'' IoyT/Iir sd finance limited

Note-27

Risk Management . ... ,

Whilst risk is inherent in the Company’s activities, it is managed through an integrated risk management framework including ongoing identification, measurement and monitoring, subject to risk limits and other controls. This process of risk management is critical to the Company’s continuing profitability and each individual within the Company is accountable for the risk exposures relating to his or her responsibilities. The Company is mainly exposed to market risk, liquidity risk and credit risk. It is also subject to various operating and business risks.

The Board of Directors are responsible for the overall risk management approach and for approving the risk management strategies and principles.

The Company has a robust Risk management framework to identify, evaluate business risk and opportunities. This framework seeks to create transparency, minimize adverse impact on the business objectives and enhance the competitive advantage. The framework has a different risk model which helps in identifying risk trends, exposure

and potential impact analysis at a company level.

a. Market Risk . . , .

The Company''s Financial Instruments are exposed to market changes as are summarised below.

Foreign currency risk . . _{c c} ¦

The Company does not have any exposure to foreign currency. Hence, any fluctuations on account of foreig

currency has not arisen.

TheCompany^ exposed to equity price risk arising from its investments in equity instruments. Equity price risk is related to the change in market reference price of the investment in equity securities.

mSlrlpanyisnot exposed to interest rate risk as it has borrowings at fixed rate of interest. There are no long term borrowings at floating interest rate which would affect the profitability of the Company due to fluctuatton m

interest rate.

Uquidh^Hsk^rthe risk that the Company does not^juflicWIt financial resources to meet its obligations as they fall due.or will have to do so at an excessivy®^iMlses from mismatches m the tmtmg of cash flows which is inherent in all finance driven ^org^aij|^^^W^^{e affeCted by a ra}"^{ge Com}P^any^sP^{eclflc and} market-wide events.

Note-36

Revaluation of Property, Plant & Kquipments

Hie Company has not revalued its property, plant and equipment or intangible assets during the current or previous financial year Hence the disclosure as to the re-valuation is done by a registered valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules. 2017 docs not arise Note-37

Loans & Advances to Directors, Promoters KMPs & Related Parties

The Company has not granted any loans or advances in the nature of loan outstanding to any of its Promoters, Directors. Key Managerial Personals and related parlies

Note-38

Capital \Nnrk-in Progress (CWIP)/ Intangible assets under development (ITAt''D)

The Company does not have any Capital Work in Progress Account as at the Current and Previous Balance Sheet Date Note-39

Details of llenami Property held

No proceedings have been initiated or arc pending against the Company for holding any Benami properly under the Benami Transactions (Prohibition) Act. 1988 (45 of 1988) and the rules made thereunder

Note-40

Borrowings from banks or financial institutions on the basis of security of current assets:

The Company docs not have any borrowings from banks and financial institutions on the basis of security of current assets Hence this disclosure is not applicable to the company

Note-41

Wilful Defaulter

The Company has not been declared as a Wilful Defaulter by any bank or financial institution or government or any government authority

• The Company has spend an excess amoun. of Rs 7.5 Lakhs during the last f.nancal year i.e 2021-22 tmd the same has been adjusted to the extent of Rs 7 08 Lacs and the balance of Rs 0 42 Lacs has been earned forward for immediately succeeding two financial years, in compliance to the provisions of Rule 7(3) of the Companies (CSR Policy I Rules, 2014

Note-49

l tilisation of Borrowed funds and share premium:

A The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies). including foreign entities (Intermediaries) with the understanding that the Intermediary shall

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Companv (Ultimate

Beneficiaries) or ¹

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

B Ihe Company has not received any fund from any persons) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a) directly or indirectly lend or invest in other persons or entitieK(dentified in any manner whatsoever by or on behalf of the Funding Partv (Ultimate

Beneficiaries) or /J

b) provide any guarantee, security or the like on behalf of the/ffi^rtS^y^Sv^

C. The Company has used the borrowings from Banks ^{5pecific pUrp}°^{Se for wh}''^ch ''*^{was ,akcn 81 ,he balancc} shta dale

^FINAf<^{CE L,MITED} RST -::4ANC). I

Note-50

Details of Crypto Currency or Virtual Currency

The Company has not iraded or invested in Crypto cuirency or Virtual Currency during the current or previous financial year Note-51

l ndisrloscd Income

There is no income surrendered or disclosed as income during the current or previous year m .he tax assessments under the Income Tax Act 1961 that has not been recorded in the books of account.

Note-52

Previous sear''s figure have been regroupcdTeclassified / re-arranged wherever necessary to correspond wtth the current year''s classical,on''d.sclosure

The figures ha\r-b«ciirounded the nearest Lakhs of rupees upto two decimal places As permpgatt^An datpttachwl

Ml / For and on behalf of the Board of Directors of

^FMnc'' ^Uml''^ed , jt/.

llpnett Dugal

ManagingDirector Director

^^ ^{DIN: 00052037} DIN 07680726

Qfy

Date- Maw ₂Q ₂₀₂₃ ^R*^vi AdHyttlii^Jaliv*

Place: Jamshedpur ^C''"^{<:f F,}"^anC"‘^{l 0nlcer} CompaJ^ Secretary

^{1 li!V}23075409BGZNMU3134

---

Mar 31, 2018

NOTE# 1(c)

Rights, preferences and restrictions attached to shares

The company has one class of equity shares having a par value of ?10 per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Note # 2

Previous year''s figure have been regrouped/reclassified / re-arranged wherever necessary to correspond with the current year''s classification/disclosure.