అకౌంట్స్ గమనికలుVedant Asset Ltd.

Mar 31, 2025

(xi) Provisions

A provision is recognized when the Company has a present obligation as a result of
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. Provisions are not discounted to their present value and are
determined based on the best estimate required to settle the obligation at the reporting
date. These estimates are reviewed at each reporting date and adjusted to reflect the
current best estimates.

(xii) 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. A contingent liability also arises in extremely rare
cases where there is a liability that cannot be recognized because it cannot be
measured reliably.

(xiii) Cash & Cash Equivalents

Cash and cash equivalents comprise cash and cash on deposit with banks. The
Company considers all highly liquid investments with a remaining maturity at the date
of purchase of three months or less and that are readily convertible to known amounts
of cash to be cash equivalents.

(xiv) Comparatives

Comparatives financial information (i.e. the amounts and other disclosures for the
preceding year presented above), is included as an integral part of the current year''s
financial statements, and is to be read in relation to the amounts and other disclosures
relating to the current year. Figures of the previous year have been regrouped /
reclassified wherever necessary to correspond to figures of the current year.

For N.K. Kejriwal & Co.

Chartered Accountants
FRN 04326C

Sd/-

CA Naresh Kumar Kejriwal

Partner

M. NO. 073381

UDIN: 25073381BMJMFW7745

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Mar 31, 2024

Additional regulatory and other information as required by the Schedule III to the Companies Act 2013

1 Proceedings under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

There are no proceedings initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

2 Borrowings from banks

(i) The Company has not been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets at any point of time during the year.

(ii) The Company is not declared as wilful defaulter by any bank or financial Institution or other lenders.

3 Relationship with Struck off Companies

The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section 560 of Companies Act, 1956 considering the information available with the Company.

4 Compliance with number of layers of companies

The Company has acquired entire share capital of Kartik Credit Pvt. Ltd. and has only one subsidiary company. It has duly 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.

6 Scheme of Arrangements

There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to

7 Advance or loan or investment to intermediaries and receipt of funds from intermediaries

The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources 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

The company has also 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

8 Advance or loan or investment to intermediaries and receipt of funds from intermediaries

The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources 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

9 Undisclosed Income

The Company does not have any transaction which are not recorded in the books of accounts that has been surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 during

10 Details of Crypto Currency or Virtual Currency

The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating to it are not applicable.