అకౌంట్స్ గమనికలుTiaan Consumer Ltd.

Mar 31, 2025

3.22.1. Provisions

Provisions are recognized when there is a present obligation (legal or constructive) 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 a reliable estimate can be made of the amount of the
obligation. Provisions are determined by discounting the expected future cash flows
(representing the best estimate of the expenditure required to settle the present obligation at
the balance sheet date) at a pre-tax rate that reflects current market assessments of the time
value of money and the risks specific to the liability. The unwinding of the discount is recognized
as finance cost.

3.22.2. Contingent Liabilities

Contingent liability is a possible obligation arising from past events and 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 but is not recognized because it is not possible that an outflow of resources embodying
economic benefit will be required to settle the obligations or reliable estimate of the amount of
the obligations cannot be made. The Company discloses the existence of contingent liabilities in
Other Notes to Financial Statements.

3.22.3. Contingent Assets

Contingent assets usually arise from unplanned or other unexpected events that give rise to the
possibility of an inflow of economic benefits. Contingent Assets are not recognized though are
disclosed, where an inflow of economic benefits is probable.

3.22.4. Intangible Assets

3.22.4.1. Recognition and Measurement

Intangible assets are stated at cost on initial recognition and subsequently measured at
cost less accumulated amortization and accumulated impairment loss, if any.

3.23. Amortization

3.23.1. Software’s are amortized over a period of three years.

3.23.2. The amortization period and the amortization method are reviewed at least at the end of
each financial year. If the expected useful life of the assets is significantly different from
previous estimates, the amortization period is changed accordingly.

3.24. Operating Segment

Operating segments are reported in a manner consistent with the internal reporting provided to
the chief operating decision maker. The chief operating decision maker of the Company is
responsible for allocating resources and assessing performance of the operating segments and
accordingly is identified as the chief operating decision maker. The Company has identified one
reportable segment only based on the information reviewed by the CODM.

4. SIGNIFICANT JUDGEMENTS AND KEY SOURCES OF ESTIMATION IN APPLYING ACCOUNTING

POLICIES

4.1. Estimates and judgments are continually evaluated. They are based on historical experience
and other factors, including expectations of future events that may have a financial impact on
the Company and that are believed to be reasonable under the circumstances. Information
about Significant judgments and Key sources of estimation made in applying accounting
policies that have the most significant effects on the amounts recognized in the financial
statements is included in the following notes:

4.2. Recognition of Deferred Tax Assets: The extent to which deferred tax assets can be recognized
is based on an assessment of the probability of the Company''s future taxable income against
which the deferred tax assets can be utilized. In addition, significant judgment is required in
assessing the impact of any legal or economic limits.

4.3. Classification of Leases: The Company enters into leasing arrangements for various assets. The
classification of the leasing arrangement as a finance lease or operating lease is based on an
assessment of several factors, including, but not limited to, transfer of ownership of leased
asset at end of lease term, lessee’s option to purchase and estimated certainty of exercise of
such option, proportion of lease term to the asset’s economic life, proportion of present value
of minimum lease payments to fair value of leased asset and extent of specialized nature of
the leased asset.

4.4. Where the rate implicit in the lease is not readily available, an incremental borrowing rate is
applied. This incremental borrowing rate reflects the rate of interest that the lessee would
have to pay to borrow over a similar term, with a similar security, the funds necessary to
obtain an asset of a similar nature and value to the right of-use asset in a similar economic
environment. Determination of the incremental borrowing rate requires estimation.

4.5. Defined Benefit Obligation (DBO): Employee benefit obligations are measured on the basis of
actuarial assumptions which include mortality and withdrawal rates as well as assumptions
concerning future developments in discount rates, medical cost trends, anticipation of future
salary increases and the inflation rate. The Company considers that the assumptions used to
measure its obligations are appropriate. However, any changes in these assumptions may
have a material impact on the resulting calculations.

4.6. Provisions and Contingencies: The assessments undertaken in recognising provisions and
contingencies have been made in accordance with Indian Accounting Standards (Ind AS) 37,
''Provisions, Contingent Liabilities and Contingent Assets’. The evaluation of the likelihood of
the contingent events is applied best judgment by management regarding the probability of
exposure to potential loss.

4.7. Impairment of Financial Assets: The Company reviews it carrying value of investments carried
at amortized cost annually, or more frequently when there is indication of impairment. If
recoverable amount is less than its carrying amount, the impairment loss is accounted for.

4.8. Allowances for Doubtful Debts: The Company makes allowances for doubtful debts through
appropriate estimations of irrecoverable amount. The identification of doubtful debts requires
use of judgment and estimates. Where the expectation is different from the original estimate,
such difference will impact the carrying value of the trade and other receivables and doubtful
debts expenses in the period in which such estimate has been changed.

4.9. 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 input to these models are taken from observable markets
where possible, but where this 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.

Other Notes

4.10. Details of Crypto / Virtual Currency

4.11. There were no Transaction and Financial Dealing in Crypto / Virtual Currency during the
Financial Year 2024-25

4.12. There are no micro, Small and Medium Enterprises, to whom the Company owes dues which
outstanding for more than 45 days as at 31st March 2025. This information as required to be
disclosed under the micro, small and medium Development Act, 2006 has been determined to
the extent such parties have been identified on the basis of information available with
company.

4.13. The Note Referred to above form as an integral part of Balance Sheet.

For M/S V R S K & „

. . , Tiaan Consumer Limited

Associates

Chartered Accountants

CAVINEET GUPTA GEETA DEVI BHARAT BHUSHAN Ajay Khanna

Partner (Director) (Managing Director) (CFO)

Membership No. 089823 DIN-10313906 DIN-00538006 PAN: APFPK3683R

r „ , .... . , , 3198/15 Gali no 1,

... „ . , Farmana Khas 113 flat no 511, pocket-6, _

Firm Registrahon No. _ , _A ^ . _lL 4th floor sangatrashan

___° Rohtak Haryana sector b/4, Narela, north , .

011199N „„„„„„ .....„„„„ paharganj

124112 west Delhi 110040 , ,,

new delhi 110055

Place : New Delhi Dated : 29/05/2025 Dated : 29/05/2025 Dated : 29/05/2025

Dated : 29/05/2025

UDIN:

25089823BMIIVK7117

---

Mar 31, 2024

(g) Provisions of Assets

The company is not NBFC Company.

(h) statutory/ Special reserve

The Company creates Statutory / Special Reserve every year twenty per cent of its net
profit every year as disclosed in the profit and loss account and before any dividend is
declared.

ft) Employee Benefits

Company do not follow the provision of the accounting Standard-15 "Employee benefits"
as the company do not have employee more than 10 personnel''s. So it is the policy of the
company that any kind of provision mentioned in the AS -15 will not be entertained. And
the company does not make provision for gratuity also.

In case the company''s employee limits go beyond the prescribed limits then AS-15 for
Employee benefits will be taken into consideration. __

At/ \C\

0) Financial Derivatives and Commodity Hedging Transaction:

In respect of Derivative contracts, premium paid, gain & losses on settlement and losses on
restatement are recognized in the Statement of profit & Loss.

(k) Accounting of Inventories;

Stock in trade should be valued at cost or market price whichever is lower.

(l) Provisions, contingents Liabilities and contingent Assets

(i) A Provision is recognized when the company has present obligation as a result of past
event and it is probable that outflow of resources will be required to settle the obligation
and in respect of which a reliable estimate can be made. Provisions are not discounted to
their present value and are determined based on best estimate required to settle the
obligation at the balance sheet date. These are reviewed at each balance sheet date and
adjusted to reflect the current best estimates.

pi) Contingent Liabilities are disclosed separately by way of note to financial statements
after careful evaluation by the managements of the facts and legal aspects of the matter
involved in case of:

(a) A present obligation arising from the past event, when it is not probable that
an outflow of resources will be required to settle the obligation.

(b) A possible obligation, unless the probability of outflow of resources is
remote.

(iii) Contingent Assets are neither recognized, nor disclosed in the financial statements.

(m) Taxation

Provisions for current tax is made in accordance with and at the rates specified under the
Income Tax Act, 1961, in accordance with Accounting Standard 22- ''Accounting for taxes
on Income'', issued by the Institute of Chartered Accountant of India.

(n) Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the year
attributable to equity shareholders (after deducting attributable taxes) by the weighted
averages number of equity shares outstanding during the year.

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

(o) Cash and Cash Euulvalentt

Cash and cash equivalents in the cash flow statements comprise cash at bank and in hand
and highly liquid investments that are readily convertible into known amount of cash.

C.-J

21. Previous year''s figures have been reworked, regrouped, & reclassified wherever necessary
to confirm to the current year presentation.

22. During the year, the corporate insolvency resolution process (CIRP) initiated against the
company vide CP(IB)/159/AHM/2023 of NCLT Ahmedabad dated 11.10.2023. But the
director of the company has made settlement with the creditor and made an application
u/s 12A of IBC, 2016, which has been approved by NCLT Ahmedabad dated 09.10.2024.

23. In the opinion of Board of Director, the current Assets, loans & advances have a value on
realization in the ordinary course of business at least equal to the amount at which these
are stated.

24. During the year.the Company has purchased shares Quoted/unquoted and Commodities
(If Any] has been considered as stock in trade by the Management

25. During the year, the company has not been traded in F& 0''s.

26. Contingent liabilities and pending litigations;

There is no tax demand against the company.

27. The company''s business activity falls within twoprimary/ secondary business segment
viz.Finance Activity and dealing in shares & securities. The disclosure requirement of
Accounting standard (AS] -17 “Segment Reporting "Issued by the Institute of chartered
Accountants of India, therefore is given below:

28. Auditor’s remuneration:

Particulars 2023-24 2022-23

Statutory Audit 1,00,000/- 51,000/-

Tax Audit Fees NIL NIL

29. Information as required by Non-Banking Financial (Non Deposit Accepting or Holding)
Companies Prudential Norms (Reserve Bank) Direction, 2007 is Furnished vide Annexure
-1 Attached Herewith.

30. Information as required by Non-Banking Financial Companies -Corporate Governance
(Reserve Bank) Direction, 2015 is Furnished vide Annexure -II Attached Herewith.

32. Related Party Disclosure:

No Related party relationship is as identified by the Company and relied upon by the
auditor.

The Company estimates the deferred tax created / (credit) using the applicable rate of Taxation
based on the impact of timing Difference s between financial Statements and Estimated taxable
Income for the current Year.

34. Details of Crypto / Virtual Currency

There were no Transaction and Financial Dealing in Crypto / Virtual Currency during the Financial
Year 2023-24.

38. There are no micro, Small and Medium Enterprises, to whom the Company owes dues which
outstanding for more than 45 days as at 31“ March 2024. This information as required to be
disclosed under the micro, small and medium Development Act. 2006 has been determined to
the extent such parties have been identified on the basis of information available with
company.

IN TERMS OF OUR REPORT OF EVEN DATE ANNEXED.

FOR GSA & ASSOCIATES LLP FOR TIAAN CONSUMER LIMITED

CHARTERED ACCOUNTANTS

FRN: 000257N/N500^ .

CA. MANIrlDRA K T1WAR1 RArtfflAV GUJRAL MUNESH KUMAR

(PARTNER) (MANAGING DIRECTORS CFO) (DIRECTOR)

M.NO. 501419 DIN:09688181 DIN:09698731

2MS’0lWiqflK.^3T95''9-L

PLACE: New Delhi
DATE: 28.11.2024