అకౌంట్స్ గమనికలుShree Tulsi Online.com Ltd.

Mar 31, 2024

q. Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result
of a past event, it is probable that an outflow of resources embodying economic benefits will be required
to settle the obligation and a reliable estimate can be made of the amount of the obligation. When the
Company expects some or all of a provision to be reimbursed, the reimbursement is recognised as a
separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision
is presented in the statement of profit and loss net of any reimbursement.

r. Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the
control of the Company or a present obligation that is not recognized because it is not probable that an
outflow of resources will be required to settle the obligation. The Company does not recognize a
contingent liability but discloses its existence in the financial statements.

s. Significant Accounting Judgements, Estimates and Assumptions

The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the

accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these
assumptions and estimates could result in outcomes that require a material adjustment to the carrying
amount of assets or liabilities affected in future periods.

(i) Estimates and Assumptions

The 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, are described below. The Company based its
assumptions and estimates on parameters available when the financial statements were prepared.
Existing circumstances and assumptions about future developments, however, may change due to
market changes or circumstances arising that are beyond the control of the Company. Such changes
are reflected in the assumptions when they occur.

a. Taxes

Deferred tax assets are recognised to the extent that it is probable that taxable profit will be
available against which the losses and tax credits can be utilised. Significant management
judgement is required to determine the amount of deferred tax assets that can be recognised,
based upon the likely timing and the level of future taxable profits together with future tax
planning strategies.

b. Expected Credit Loss Model

The Company applies expected credit loss (ECL) model for measurement and recognition of
impairment loss on the Financial Assets. The Company follows ''simplified approach'' for
recognition of impairment loss allowance on trade receivables. As a practical expedient, the
Company uses historically observed default rates over the expected life of the trade
receivables and is adjusted for forward-looking estimates to determine impairment loss
allowance on portfolio of its trade receivables.

t. Exceptional Items

When items of income and expense within profit or loss from ordinary activities are of such size, nature
or incidence that their disclosure is relevant to explain the performance of the enterprise for the period,
the nature and amount of such material items are disclosed separately as exceptional items.

(ii) Terms / Rights attached to Equity shares

The Company has only one class of equity shares having a par value of Rs.10/- per share. Each equity shareholder is
entitled to one vote per share. The Company declares and pays dividends in Indian rupees. The Company has not
declared any dividends for the year ended 31st March, 2024. In the event of liquidation of the Company, the holders of
the equity shares will be entitled to receive the remaining assets of the Company, after distribution of all preferential
amounts. The distribution will be in proportion to the numbers of equity shares held by the share holders.

(¹) The outstanding balances are in the nature of payables as on 31^st March, 2024.

• Additional Information as required under paragraph 5 of Part II of Schedule III to the Companies Act, 2013 to

the extent either “NIL” or “Not Applicable “has not been furnished except payment to the Auditors.

• Additional Regulatory Information as per Schedule III of Companies Act, 2013:

a. The company has NIL liabilities associated with group of assets classified as held for sale and non¬
current assets classified as held for sale.

b. The Company has not declared any dividend on Equity shares. The Company has not issued any
Preference shares.

c. The Company has not issued securities for specific purpose.

d. The Company has not borrowed any funds from banks and financial institutions for the specific or any
other purpose.

e. No proceedings have been initiated or pending against Company for holding any Benami Property under
Prohibitions of Benami Transactions Act, 1988 (Earliers titled as Benami transactions (Prohibitions) Act,
1988.

f. The Company is not declared a wilfull defaulter by any Bank or Financial Institution or any other lender.

g. The Company did not have any transactions with companies struck off under Section 248 of the
Companies Act during the year.

h. The company has not registered any charge or satisfaction of charge with ROC.

i. The Company has no Holding, Subsidiary or associate company and hence the company does not have
any layers prescribed under clause 87 of sub section 2 of companies act, 2013.

k. During the year no Scheme of Arrangement has been formulated by the Company or pending with
competent authority.

l. 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 lend or invest in party identified by or on behalf of the Company (Ultimate
Beneficiaries).

m. The Company has not received any fund from any party(s) (Funding Party) with the understanding that
the Company shall whether, directly or indirectly lend or invest in other persons or entities identified
by or on behalf of the Company ("Ultimate Beneficiaries”) or provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries.

n. The Company has neither applied any accounting policy retrospectively, made restatement of items of
financial statement nor reclassified items of its financial statement.

o. There is no share application money pending allotment in books of the Company during the year.

p. The Company has not issued preference shares since inception of the Company.

q. During the year under review, the Company has not issued any Compound financial instruments such as
convertible debentures.

r. The Company has no Regulatory Deferral Account Balance.

s. Title deeds of immovable properties not held in the name of Company. Details of all the immovable
properties (other than properties where the Company is the leesee of and the lease agreements are duly
executed in favour of the leesee) whose deeds are held in the name of the Company are NIL.

t. There are no investment in properties.

u. The Company has not revalued its Property, Plant and Equipment or intangible assets or both during the
year.

v. The Company has not traded or invested in crypto currency or virtual currency during the current or
previous year. ¹

• The Company is exposed to market risk and credit risk. The Company has a Risk management policy and its
management is supported by a Risk management committee that advises on risks and the appropriate risk
governance framework for the Company. The audit committee provides assurance to the Company''s
management that the Company''s risk activities are governed by appropriate policies and procedures and that
risks are identified, measured and managed in accordance with the Company''s policies and risk objectives.

i) 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 prices. Market risk comprises two types of risk: interest rate, currency risk
and other price risk, such as commodity price risk and equity price risk. Financial instruments affected by
market risk include FVTPL investments, trade payables, trade receivables, etc.

a. In the Opinion of the Board, all the current assets, loans and advances have a value on realisation in the
ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known
liabilities have been provided for, unless otherwise stated elsewhere in other notes.

b. The Company had made the Long-Term Investments in quoted scrips of certain companies in earlier
years. The Company had fairly valued the investments under level 1 and level 3 valuation technique as
stated in significant accounting policies.

ii) Credit Risks

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 trade receivables).

a. The management has worked out expected losses which are provided. For the available exposure, the
management has ensured that the Company has been continuously persuading to settle the
amount/recover the receivables, accordingly no further provision is being considered by the
management.

b. Certain Debit Balances as stated in the financial statements are being subject to confirmation and
reconciliation thereof, and the same have been taken as per the balances appearing in the books. The
consequent necessary adjustments, either of a revenue nature or otherwise, if any, will be made, as
and when these accounts are reconciled and confirmed.

• The Company has one reportable business segment i.e. Trading. The Company operates mainly in Indian
market and there are no reportable geographical segments.

• The figures appearing in the Financial Statements have been rounded off to nearest rupee.

• All amounts disclosed in the financial statements are in Indian Rupees in lakhs until and unless specified
specifically.

• The company''s accounting software has audit trail functionality (edit log). This feature remained operational
throughout the year, capturing a chronological record of all relevant transactions processed within the
software.

• Previous year''s figures have been regrouped/ reclassified wherever necessary to correspond with the
current year''s classification / disclosure.

Notes referred to above form an integral part of Financial Statements
As per our attached report on even date

For A P T and Co. LLP For and on behalf of the Board of Directors

(Chartered Accountants)

FRN: 014621C/ N500088

Uttam Patel Vinod Kumar Bothra Sunita Hanuman Singhi

Partner (MD & CEO) (Director)

Membership No: 0079947 (DIN: 00780848) (DIN: 06992243)

Place: Hyderabad Sashi Sekhor Chowdhury Biresh Kumar Thaker

Date: 28/05/2024 (Company Secretary) (Chief Financial Officer)

Place: Kolkata Date: 28/05/2024

1

Contingent liability has not been provided for is respect of Income Tax matters. The concern matters are
under appeal with appropriate authorities on account of dispute raised by Income Tax department. The
Company is contesting the same and is of view that the disputed demands given below will not sustain in view
of various legal pronouncement in the related matters:

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Mar 31, 2016

1-During the financial year 2015-16, there are not any transactions with any suppliers /parties who are covered under ‘The Micro Small and Medium Enterprises Development Act, 2006’.

2-There were no contracts or arrangements made with related parties during the year under review.

3-The Key Managerial Personnel are the Whole Time Director, CFO and Company Secretary Cum Compliance Officer, whose names are mentioned in the Corporate Governance Report.

4-Pursuant to the enactment the Companies Act, 2013 being effective from 01st April, 2014, the Company has reassessed the useful lives of its fixed assets and depreciation has been charged accordingly in accordance with the provisions of Schedule II of the Act. As a result, an amount of Rs.959,509/- has been adjusted against the opening balance of retained earning being the carrying value of fixed assets whose lives are over as at the said date, in accordance with the Schedule II of the Companies Act, 2013 as at 31.03.2015.

5-Payment to Auditors (Including Service Tax)

6-Additional Information as required under paragraph 5 of Part II of Schedule III to the Companies Act, 2013 to the extent either "NIL" or "Not Applicable "has not been furnished except payment to the Auditors.

7-Contingent liability has not been provided for in respect of Income Tax matters amounting to Rs. 15,23,656/-. The concern matters are under appeal with appropriate authorities on account of dispute raised by Income Tax department. The Company is contesting the same and is of view that the disputed demands will not sustain in view of various legal pronouncements in the related matters.

8-In compliance with the Accounting Standard AS-22 relating to "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India, the Company had provided for Deferred tax liability arising out of timing difference. During the year under report, there has been addition to the said deferred tax liability to the extent of Rs.16,112/-on account of difference between Book and Tax Depreciation. Accordingly, the said item has been debited to the Statement of Profit & Loss of the year under report.

9-The Company has one reportable business segments i.e. Trading in Agricultural Commodities and its allied products. The Company operates mainly in Indian market and there are no reportable geographical segments.

10-Certain Debit and Credit Balances are being subject to confirmation.

11-Earnings per share is computed by dividing the net profit or loss for the year attributable to the equity shareholders by the number of equity shares outstanding during the year, as under:

12. In the Opinion of the Board, all the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known liabilities have been provided for ,unless otherwise stated elsewhere in other notes.

13-The Company has shown the units of Mutual Fund ''''Arihant Mangal "(Growth Scheme) under the head "Noncurrent Trade Investments". During the year under review the Company has surrendered its units for redemption before the Special Committee constituted by Hon''ble High Court, Delhi, for dispose off the Mutual Fund "Arihant Mangal"(Growth Scheme) in terms of the SEBI regulations and received the payment under its provisional NAV.

14-The figures appearing in the Financial Statements have been rounded off to nearest rupee.

15-Previous year’s figures have been regrouped/ reclassified wherever necessary to correspond with the current year’s classification /disclosure.

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Mar 31, 2015

1. During the financial year 2014-15, there are not any transactions with any suppliers /parties who are covered under 'The Micro Small and Medium Enterprises Development Act, 2006'.

2. Related Party Disclosures

There were no contracts or arrangements made with related parties during the year under review.

3. Key Managerial Personnel:

The Key Managerial Personnel are the Whole Time Director, CFO and Company Secretary Cum Compliance Officer, whose names are mentioned in the Corporate Governance Report.

4. Pursuant to the enactment the Companies Act, 2013 being effective from 01st April, 2014, the Company has re-assessed the useful lives of its fixed assets and depreciation has been charged accordingly in accordance with the provisions of Schedule II of the Act. As a result, the depreciation charged for the year ended on 31/03/2015 is higher by Rs. 9.92 lacs respectively. Further, an amount of Rs. 9.60 lacs has been adjusted against the opening balance of retained earning being the carrying value of fixed assets whose lives are over as at the said date, in accordance with the Schedule II of the Companies Act, 2013.

5. There are not any particulars which are required to be furnished under Schedule III of the Companies Act, 2013.

6. In compliance with the Accounting Standard AS-22 relating to "Accounting for Taxes on Income" issued by The Institute of Chartered Accountants of India, the Company had provided for Deferred tax liability arising out of timing difference. During the year under report, there has been reversal of the said deferred tax liability to the extent of Rs.356614/-(P.YRs.73705/-),on account of difference between Book and Tax Depreciation. Accordingly, the said item has been credited to Statement of Profit & Loss of the year under report.

7. The Company has one reportable business segments i.e. Trading in Agricultural Commodities and its allied products. The Company operates mainly in Indian market and there are no reportable geographical segments.

8. Earning Per Share:

Earnings per share are calculated by dividing the profit attributable to the equity shareholders by the number of equity shares outstanding during the year, as under:

9. In the Opinion of the Board, all the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known liabilities have been provided for.

10. Certain Debit and Credit Balances are being subject to confirmation.

11. The Company has shown the units of Mutual Fund "Arihant Mangal "(Growth Scheme) under the head "Non- Current Trade Investments". Due to the Order of Hon'ble High Court, Bombay, Mutual Fund "Arihant Mangal "(Growth Scheme) was kept in abeyance. In this context, after the lapse of many years, the Hon'ble High Court, Delhi, passed the Order dtd. 29/05/2013, wherein they have directed to dispose of the Mutual Fund "Arihant Mangal"(Growth Scheme) in terms of the SEBI regulations in full and final settlement. Accordingly, the Company has surrendered its units for redemption before the Special Committee constituted by Hon'ble High Court, Delhi and payment to be received under its provisional NAV.

12. The figures appearing in the Financial Statements have been rounded off to nearest rupee.

13. Previous year's figures have been regrouped/ reclassified wherever necessary to correspond with the current year's classification /disclosure.

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Mar 31, 2014

1. Related Party Disclosures

There is no other company, which is under the same management in which the directors of the company are entrusted as directors and / or shareholders. There is no transaction with any firm and / or proprietor firm in which the directors of the company are interested as a partners or proprietor.

2. Key Management Personnel:

The Key Management Personnel are the Whole Time Director and Company Secretary Cum Compliance officer, whose names are mentioned in the corporate governance report.

3. There are not any particulars which are required to be furnished pursuant to Clause VIII of part II of the Schedule VI of the Companies Act, 1956.

4. In compliance with the Accounting Standard AS - 22 relating to "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, the company had provided for Deferred tax liability arising out of timing difference. During the year under report, there has been reversal of the said deferred tax liability to the extent of Rs.73,705/- (P.Y Rs.129, 427), on account of difference between Book and Tax Depreciation. Accordingly, the said item has been credited to Statement of Profit & Loss of the year under report.

5. The Company has two reportable business segments i.e. Trading of Products & Commodities and IT Activities. The Company operates mainly in Indian market and there are no reportable geographical segments.

6. In the Opinion of the Board, all the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known liabilities have been provided for.

7. Certain Debit and Credit Balances are being subject to confirmation.

8. During the year, the Company has shown the units of Mutual Fund "Arihant Mangal "(Growth Scheme), in its Non-Current Trade Investments, after the lapse of several years due to Mutual Fund "Arihant Mangal "(Growth Scheme) was kept abeyance by the Order of Hon''ble High Court, Bombay. In this context, the Hon''ble High Court, Delhi, passed the Order dtd. 29/05/2013, wherein they have directed that the Mutual Fund "Arihant Mangal "(Growth Scheme) was reconsidered to dispose off the Mutual Fund "Arihant Mangal" (Growth Scheme) in terms of the SEBI regulations in full and final settlement through methodological basis. In view of the above facts, the Board have taken steps to recover the proceedings against dispose of units of Mutual Fund "Arihant Mangal" (Growth Scheme).

9. The figures appearing in the Financial Statements have been rounded off to nearest rupee.

10. Previous year''s figures have been regrouped/ reclassified wherever necessary to correspond with the current year''s classification / disclosure.

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Mar 31, 2013

1. The Company is selling Software in domestic markets. Out of many software projects under development at the commencement of the financial year, the company has completed some projects and sold / delivered the same, the cost and revenue of which has been taken to the Statement of profit and loss. Since the revenue generation begins after the completion of the software projects / products, the company is of the view that development expenditure on the unfinished / uncompleted software should be treated as part of inventory as ''Software Projects under Development'' and included in Work in progress.

2. There are not any particulars which are required to be furnished pursuant to Clause VIII of part II of the Schedule VI of the Companies Act, 1956.

3. In compliance with the Accounting Standard AS-22 relating to "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, the company had provided for Deferred tax liability arising out of timing difference. During the year under report, there has been reversal of the said deferred tax liability to the extent of Rs. 129,427/- (P.Y Rs.334,081/-), on account of difference between Book and Tax Depreciation. Accordingly, the said item has been credited to Statement of Profit & Loss of the year under report.

4. The Company has two reportable business segments i.e. Trading of Commodities and IT Activities. The Company operates mainly in Indian market and there are no reportable geographical segments.

5. Earning Per Share:

Earnings per share are calculated by dividing the profit attributable to the equity shareholders by the number of equity shares outstanding during the year, as under:

6. In the Opinion of the Board, all the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known liabilities have been provided for.

7. Certain Debit and Credit Balances are being subject to confirmation.

8. The figures appearing in the Financial Statements have been rounded off to nearest rupee.

9. Previous year''s figures have been regrouped/ reclassified wherever necessary to correspond with the current year''s classification /disclosure.

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Mar 31, 2012

(i) Terms / rights attached to Equity shares

The Company has only one class of equity shares having a par value of Rs.10/- per share. Each equity shareholder is entitled to one vote per share. The Company have not declared any dividends for the year under review.

(ii) No Equity Shares of the Company are held by its Holding Co or its Ultimate Holding Co or by subsidiaries or associates of the holding co or the ultimate Holding Co, since the Company does not have any Holding Co or Subsidiary Co as at 31st March, 2012 and as at 31st March, 2011.

iii) No Equity Shares are reserved for issue under the employee stock option (ESOP) plan of the Company and for contracts /commitments for the sale of shares /disinvestment as at 31st March, 2012 and as at 31st March, 2011.

(iv) During the period of five years immediately preceding the reporting date :

(a) No Shares were allotted pursuant to any contract(s)/arrangements without payment being received in cash;

(b) No Shares were allotted by way of bonus shares;

(c) No Shares were bought back;

(v)The Company does not issued any securities which will be convertible into Equity Shares in future.

(vi) No Calls unpaid by any share holders at 31st March,2012 and as at 31st March,2011.

(vii)Since Inception ,no Shares were Forfeited by the Company or there were any re-issue of any Forfeited shares

1. During the financial year 2011-12, there are not any transactions with any suppliers /parties who are covered under 'The Micro Small and Medium Enterprises Development Act, 2006'.

2. Related Party Disclosures

There is no other company, which is under the same management in which the directors of the company are entrusted as directors and / or shareholders. There is no transaction with any firm and / or proprietor firm in which the directors of the company are interested as a partners or proprietor.

3. Key Management Personnel:

The Key management personnel are the directors, whose names are mentioned in the corporate governance report.

4. The Company is selling Software in domestic markets. Out of many software projects under development at the commencement of the financial year, the company has completed some projects and sold / delivered the same, the cost and revenue of which has been taken to the Statement of profit and loss. Since the revenue generation begins after the completion of the software projects / products, the company is of the view that development expenditure on the unfinished / uncompleted software should be treated as part of inventory as 'Software Projects under Development' and included in Work in progress.

5. There are not any particulars which are required to be furnished pursuant to Clause VIII of part II of the Schedule Vi of the Companies Act, 1956.

6. In compliance with the Accounting Standard AS-22 relating to "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India, the company had provided for Deferred tax liability arising out of timing difference. During the year under report, there has been reversal of the said deferred tax liability to the extent of Rs.3, 34,081 (P.Y Rs.7, 747/-) on account of difference between Book and Tax Depreciation. Accordingly, the said item has been credited to Statement of Profit & Loss of the year under report.

7. The Company has two reportable business segments i.e. Trading of Commodities and IT Activities. The Company operates mainly in Indian market and there are no reportable geographical segments.

8. In the Opinion of the Board, all the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the amount stated in the Balance Sheet and all the known liabilities have been provided for.

9. Certain Debit and Credit Balances are being subject to confirmation.

10. The figures appearing in the Financial Statements have been rounded off to nearest rupee.

11. The Revised Schedule VI has become effective from 1st April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped/ reclassified wherever necessary to correspond with the current year's classification /disclosure.

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Mar 31, 2011

1. Related Party Disclosures

There is no other company, which is under the same management in which the directors of the company are interested as directors and / or shareholders. There is no transaction with any firm and / or proprietor firm in which the directors of the company are interested as a partners or proprietor.

2. Key Management Personnel

The Key management personnel are only the directors, whose names are mentioned in the corporate governance report.

3 The names of Micro Small and Medium Enterprisers suppliers defined under 'The Micro Small and Medium Enterprises Development Act, 2006' could not be identified, as the necessary evidence is not in the possession of the Company.

4 Liabilities in respect of gratuity & leave encashment and other retirement benefits are accounted for on cash basis which is not in conformity with Accounting Standard (AS)-15 (Revised 2005) on Employee Benefits as issued by the Institute of Chartered Accountants of India which requires that Gratuity and Leave Encashment Liabilities be accounted for on accrual basis. However, no such payment was made during the financial year.

5 No provision has been made in respect of Investment made in quoted equity shares which are being quoted below the acquisition price.

6 In the opinion of the management, there is no impairment of assets as on Balance Sheet date.

7 In the opinion of the management, there are no contingent liabilities as on Balance Sheet date.

8 The Company is developing software for marketing in domestic and international markets. Out of several software projects under development at the commencement of the financial year 2010-2011, the company has completed some projects and sold/ delivered the same, the cost of which has been taken to the profit and loss account. Since the revenue generation begins after the completion of the software projects / products, the company is of the view that development expenditure on the unfinished/ incomplete software should be treated as part of inventory under the head 'Software Projects under Development'.

We have relied upon the statement of management that closing stock of software project/ products under development have been certified by companies technical experts and that of consumable have been valued at cost. Cost of work-in-process and finished goods also include material and direct cost as certified by the management.

9. Deferred Tax:

(a) The company has provided deferred tax in accordance with the Accounting Standard- 22 Accounting for taxes on Income issued by the ICAI.

(b) The break-up of net deferred tax liability as on 31st March, 2011 is as under:

10. Paise have been rounded off to the nearest rupee.

11. Schedule A to I form an integral part of Balance Sheet and Profit & Loss Account.

12. Previous year figures have regrouped or rearranged wherever necessary.