Notes to Accounts of Abirami Financial Services (India) Ltd.

Mar 31, 2025

j. Provision for Liabilities and Charges, Contingent Liabilities and Contingent Assets

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation
that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle
the obligation.

Contingent Liabilities are not recognized but are disclosed in the notes unless the possibility of an outflow of
resources embodying economic benefits is remote.

Contingent assets are not recognised but disclosed in the Financial Statements when an inflow of economic
benefits is probable.

Contingent liability and contingent assets are reviewed at each reporting date.

k. Earnings per Share

The Company presents basic and diluted earnings per share ("EPS") data for its equity shares. Basic EPS is
calculated by dividing the profit and loss attributable to equity shareholders of the Company by the weighted
average number of equity shares outstanding during the period. Diluted EPS is determined by adjusting
the profit and loss attributable to equity shareholders and the weighted average number of equity shares
outstanding for the effects of all dilutive potential equity shares.

l. Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 "Statement of Cash Flows'', whereby profit
/ (loss) before tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of
past or future cash receipts or payments. The cash flows from operating, investing and financing activities of
the Company are segregated based on the available information.

m. Financial Instrument

Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual
provisions of the instruments.

---

Mar 31, 2024

j. Provision for Liabilities and Charges, Contingent Liabilities and Contingent Assets

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation
that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle
the obligation.

Contingent Liabilities are not recognized but are disclosed in the notes unless the possibility of an outflow of
resources embodying economic benefits is remote.

Contingent assets are not recognised but disclosed in the Financial Statements when an inflow of economic
benefits is probable.

Contingent liability and contingent assets are reviewed at each reporting date.

k. Earnings per Share

The Company presents basic and diluted earnings per share ("EPS") data for its equity shares. Basic EPS is
calculated by dividing the profit and loss attributable to equity shareholders of the Company by the weighted
average number of equity shares outstanding during the period. Diluted EPS is determined by adjusting
the profit and loss attributable to equity shareholders and the weighted average number of equity shares
outstanding for the effects of all dilutive potential equity shares.

l. Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 "Statement of Cash Flows", whereby profit
/ (loss) before tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of
past or future cash receipts or payments. The cash flows from operating, investing and financing activities of
the Company are segregated based on the available information.

m. Financial Instrument

Financial assets and financial liabilities are recognized when the Company becomes a party to the contractual
provisions of the instruments.

---

Mar 31, 2015

PARTICULARS AS AT AS AT 31/03/2015 31/03/2014

RS RS. Rs. Rs.

CONTINGENT LIABILITIES AND COMMITMENTS 0 0

1. Others Points:

(a) The company has surrendered its NBFC license during April 2014 and hence it has discontinued its operations as a Non Banking Finahce Loan Company during the year under review. Balance amount in statutory reserve transferred to general reserve and balance amount in contingent Provision against Standard asset also transferred to surplus in profit and Loss account.

(b) The company has a proposal to demerge. The necessary procedures are being carried out subject to the approval of the regulatory authorities.

2. Expenditure in Foreign Currency: NIL

3. Contingent Liability not provided for: NIL

4. Taxes on Income:

Provision for current tax is made for the amount of tax payable in respect of taxable income for the year under the Income Tax Act, 1961.

The Net cumulative effect of the timing differences, as contemplated under the standard, results in a deferred tax asset. The company as a matter of conservative accounting policy, has not reflected this in the financial statements.

Previous year's figures have been regrouped and reclassified wherever necessary to conform to the current year's presentation.

This is the Notes referred to in our report of even date addressed to the members of the Company.

---

Mar 31, 2014

Not Available

---

Mar 31, 2013

1. Expenditure in Foreign Currency: NIL

2. Contingent Liability not provided for: NIL

3. Taxes on Income:

Provision for current tax is made for the amount of tax payable in respect of taxable income for the year under the Income Tax Act, 1961.

The Net cumulative effect of the timing differences, as contemplated under the standard, results in a deferred tax asset. The company as a matter of conservative accounting policy, has not reflected this in the financial statements.

Previous year''s figures have been regrouped and reclassified wherever necessary to conform to the current year''s presentation.

This is the Notes referred to in our report of even date addressed to the members of the Company.

---

Mar 31, 2012

1. Expenditure in Foreign Currency: NIL

2. Contingent Liability not provided for . NIL

3. Taxes on Income:

Provision for current tax is made for the amount of tax payable in respect of taxable income for the year under the Income Tax Act, 1961.

The Net cumulative effect of the timing differences, as contemplated under the standard, results in a deferred tax asset. The company as a matter of conservative accounting policy, has not reflected this in the financial statements.

Previous year's figures have been regrouped and reclassified wherever necessary to conform to the current year's presentation.

This is the Notes referred to in our report of even date addressed to the members of the Company.

---

Mar 31, 2011

1. Stock on Hire:

Stock on hire has been valued at the amount advanced less installments received.

2. Expenditure in Foreign Currency: NIL

3. Contingent Liability not provided for: NIL

4. Taxes on Income:

Provision for current tax is made for the amount of tax payable in respect of taxable income for the year under the Income Tax Act, 1961.

The Net cumulative effect of the timing differences, as contemplated under the standard, results in a deferred tax asset. The company as a matter of conservative accounting policy, has not reflected this in the financial statements.

Previous years figures have been regrouped and reclassified wherever necessary to conform to the current years presentation.

This is the Notes referred to in our report of even date addressed to the members of the Company.

---

Mar 31, 2010

1 Contingent liability not provided for: NIL.

2 Figures have been regrouped or reclassified wherever necessary.

3 Figures have been rounded off to the nearest rupee.

4 The previous year figures for the Balance Sheet and Profit and Loss A/c are given wherever applicable.

5 Managerial Remuneration:

Total Managerial Remuneration paid to Executive Director: Rs.2,94,000/-.

6 Provision for Taxations includes earlier years provision also.