Notes to Accounts of Gowra Leasing & Finance Ltd.

Mar 31, 2025

Provisions. Contingent Liabilities and Contingent Assets

The company creates a provision when there is a present obligation as a result of past events and it is probable that
there will be outflow of resources and a reliable estimate of the obligation can be made of the amount of the
obligation.

Contingent liabilities are not recognised but are disclosed in the notes to the financial statements. A disclosure for a
contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not,
require an outflow of resources.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer
probable that the outflow of resources would be required to settle the obligation, the provision is reversed.

31 Segment Reporting: During the year the company was engaged only in Investment and Financing activities and its
activities were confined to India. Hence there are no reportable segments of the company.

32 Balances under the head Trade Receivables, Loans & Advances and other liabilities are subject to confirmation from
the respective parties.

33 Impairment of Assets: The company has carried out an impairment test as per ‘Accounting Standard - 28'', issued by
I.C.A.I on all the assets and no provision was required to be made towards impairment of assets for the year ending 31^st
March, 2025.

34 The company has provided for its gratuity liability on accrual basis on the basis of completed years of service as
provided under the payment of Gratuity Act. However, the provisions of payment of Gratuity Act, do not apply to the
company, since the company does not employ the requisite number of employees as required under the Payment of
Gratuity Act.

35 Previous year figures have been regrouped/ recasted/ reclassified/ rearranged wherever deemed necessary to confirm
with current year''s classification.

36 Current Assets, Loans & Advances are approximately of the value as stated, if realized in the ordinary course of
business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably
necessary.

2024-25 2023-24

37 Expenditure in Foreign Currency Nil Nil

38 Earnings in Foreign Exchange Nil Nil

- FOB Value of Exports - -

39 a) The company had no transactions with companies struck off under section 248 of the Companies Act, 2013 or
section 560 of Companies Act, 1956.

b) There are no transactions which are not recorded in the books of accounts that have been surrendered or disclosed
as income during the year in the tax assessments under the Income Tax Act, 1961.

c) The Provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 are not applicable
to the Company for the year.

d) The Company does not holds any Benami property and there are no proceedings against the company under the
benami transaction (prohibition) Act 1988 (as amended from time to time).

e) Creation or satisfaction of charges are not pending for registration with Registrar of companies beyond the statutory
period.

f) The Company has not been declared as a wilful defaulter (as per RBI circular) by any bank or financial institution or
any other lender at any time during the financial year or after the end of the reporting period.

40 As per the RBI guidelines, Liquidity Coverage Ratio is applicable to those NBFCs whose asset size is Rs. 100 crore and
above. Since, the company''s asset size is less than Rs. 100 crores, Liquidity Coverage Ratio is not applicable to the
Company.

“As per our Report of even dated attached”

For Dagliya & Co; For Gowra Leasing & Finance Limited

Chartered Accountants

Firm registration No.00671S Sd/- Sd/-

Sd/- (Gowra Srinivas) (Gowra Lakshmi Prasad)

Managing Director Director

(Mayank Jain) DIN : 00286986 DIN : 00268271

Partner

Membership No.225914

Sd/- Sd/-

Place: Secunderabad (Zafar Imam Khan) (A V Rama Krishna Rao)

Date: 03 May, 2025 Company Secretary CFO

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Mar 31, 2024

31 Segment Reporting: During the year the company was engaged only in Investment and Financing activities and its activities were confined to India. Hence there are no reportable segments of the company.

32 Balances under the head Trade Receivables, Loans & Advances and other liabilities are subject to confirmation from the respective parties.

33 Impairment of Assets: The company has carried out an impairment test as per ‘Accounting Standard - 28'', issued by I.C.A.I on all the assets and no provision was required to be made towards impairment of assets for the year ending 31^st March, 2024.

34 The company has provided for its gratuity liability on accrual basis on the basis of completed years of service as provided under the payment of Gratuity Act. However, the provisions of payment of Gratuity Act, do not apply to the company, since the company does not employ the requisite number of employees as required under the Payment of Gratuity Act.

35 Previous year figures have been regrouped/ recasted/ reclassified/ rearranged wherever deemed necessary to confirm with current year''s classification.

36 Current Assets, Loans & Advances are approximately of the value as stated, if realized in the ordinary course of business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably necessary.

2023-24 2022-23

37 Expenditure in Foreign Currency Nil Nil

38 Earnings in Foreign Exchange Nil Nil

- FOB Value of Exports - -

39 a) The company had no transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

b) There are no transactions which are not recorded in the books of accounts that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

c) The Provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 are not applicable to the Company for the year.

d) The Provisions of Corporate Social Responsibility under Section 135 of the Companies Act, 2013 are not applicable to the Company for the year.

e) The Company does not holds any Benami property and there are no proceedings against the company under the benami transaction (prohibition) Act 1988 (as amended from time to time).

f) Creation or satisfaction of charges are not pending for registration with Registrar of companies beyond the statutory period.

g) The Company has not been declared as a wilful defaulter (as per RBI circular) by any bank or financial institution or any other lender at any time during the financial year or after the end of the reporting period.

40 As per the RBI guidelines, Liquidity Coverage Ratio is applicable to those NBFCs whose asset size is Rs. 100 crore and above. Since, the company''s asset size is less than Rs. 100 crores, Liquidity Coverage Ratio is not applicable to the Company.

1. As defined in paragraph 2(1 )(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1988.

2. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non-Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value / NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

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Mar 31, 2015

Contingent assets are neither recognised nor disclosed in the financial statements.

1. The Company does not have any non-cancellable lease arrangements. Office premises are taken on operating lease and such lease rentals are charged to revenue on accrual basis.

2. Related Party Disclosures:

Disclosures as required by the Accounting Standard (AS-18)

"Related party disclosures are given below:

1. Names of related parties and description of the relationship

a. Associates : 1. M/s Vaishnavi Corporation

2. Gowra Petrochem Private Limited

b. Key Management Personnel : 1. Shri G Srinivas - Managing Director

2. Shri G L.Prasad - Director

c. Relatives of key Management Personnel : 1. Shri G Lakshminarayana

2. Smt G S.Sabitha

3. Shri G Suryaprakash

4. Shri G L Subbaram

5. Smt G L Ramadevi

3. Segment Reporting: During the year the company was engaged only in Investment and Financing activities and its activities were confined to India. Hence there are no reportable segments of the company.

4. No enterprise has been identified as a "supplier" under the micro, small and medium enterprises Development Act, 2006. The aforesaid identification has been done on the basis of information, to the extent provided by the vendors to the company.

5. Balances under the head Trade Receivables, Loans & Advances and other liabilities are subject to confirmation from the respective parties.

6. Impairment of Assets: The company has carried out an impairment test as per 'Accounting Standard - 28', issued by I.C.A.I on all the assets and no provision was required to be made towards impairment of assets for the year ending 31st March, 2015.

7. The Company has provided for its gratuity liability on accrual basis on the basis of completed years of service as provided under the payment of Gratuity Act. However, the provisions of payment of Gratuity Act, do not apply to the company, since the company does not employ the requisite number of employees as required under the Payment of Gratuity Act.

8. Previous year figures have been regrouped/ recasted/ reclassified/ rearranged wherever deemed necessary to conform with current year's classification.

9. Current Assets, Loans & Advances are approximately of the value as stated, if realized in the ordinary course of business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably necessary.

10. As defined in paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1988.

11. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non-Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank)Directions, 2007

12. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value / NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

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Mar 31, 2014

1.1 Contingent liabilities not provided for: Nil (p.y nil)

1.2 Break up of Auditor''s Remuneration

For the year For the year Ended 31.03.2014 Ended 31.03.2013

1. Audit Fee 39326 39326

2. Tax Audit Fees 19101 19101

58427 58427

1.3 The company does not have any non cancellable lease arrangements. Office premises are taken on operating lease and such lease rentals are charged to revenue on accrual basis.

1.4 Related Party Disclosures:

Disclosures as required by the Accounting Standard (AS-18)

"Related party disclosures are given below:

1. Names of related parties and description of the relationship

a. Associates :

1. M/s Vaishnavi Corporation

b. Key Management Personnel:

1. Shri G.Srinivas - Managing Director

2. Shri G.L.Prasad - Executive Director

c. Relatives of key Management Personnel :

1. Shri G.Lakshminarayana

2. Smt G.S.Sabitha

3. Shri G Suryaprakash

4. Shri G L Subbaram

5. Smt G L Ramadevi

2. Related Party Transactions:

1.5 Segment Reporting: During the year the company was engaged only in Investment and Financing activities and its activities were confined to India. Hence there are no reportable segments of the company.

1.6 No enterprise has been identified as a "supplier" under the micro, small and medium enterprises Development Act, 2006. The aforesaid identification has been done on the basis of information, to the extent provided by the vendors to the company.

1.7 Balances under the head Trade Receivables, Loans & Advances and other liabilities are subject to confirmation from the respective parties.

1.8 Impairment of Assets: The company has carried out an impairment test as per ''Accounting Standard - 28'', issued by I.C.A.I on all the assets and no provision was found to be required towards impairment of assets for the year ending 31st March, 2014.

1.9 The company has provided for its gratuity liability on accrual basis on the basis of completed years of service as provided under the payment of Gratuity Act. However, the provisions of payment of Gratuity Act, do not apply to the company, since the company does not employ the requisite number of employees as required under the Payment of Gratuity Act.

1.10 Previous year figures have been regrouped/ recasted/ reclassified/ rearranged wherever deemed necessary to conform with current year''s classification.

1.11 Current Assets, Loans & Advances are approximately of the value as stated, if realized in the ordinary course of business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably necessary.

Notes:

1. As defined in paragraph 2(1)(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1988.

2. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non-Deposit accepting or Holding) Companies Prudential Norms (Reserve Bank)Directions, 2007

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of investments and other assets as also assets acquired in satisfaction of debt. However, market value in respect of quoted investments and break up/fair value / NAV in respect of unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

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Mar 31, 2013

1.1 Segment Reporting : During the year the company was engaged only in Investment and Financing activities and its activities were confined to India. Hence there are no reportable segments of the company.

1.2 No enterprises have been identified as a "supplier" under the Micro, Small and Medium Enterprises Development Act, 2006. The aforesaid identification has been done on the basis of information, to the extent provided by the vendors to the company.

1.3 Balances under the head Debtors, Loans & Advances and other liabilities are subject to confirmation from the respective parties.

1.4 Impairment of Assets : The company has carried out an impairment test as per ''Accounting Standard – 28'', issued by I.C.A.I on all the assets and no provision was found to be required towards impairment of assets for the year ending 31st March, 2013.

1.5 The company has provided for its gratuity liability on accrual basis on the basis of completed years of service as provided under the payment of Gratuity Act. However, the provisions of Payment of Gratuity Act, do not apply to the company, since the company does not employ the requisite number of employees as required under the Payment of Gratuity Act.

1.6 Previous year figures have been regrouped/ recasted/ reclassified/ rearranged wherever deemed necessary to conform with current year''s classification.

1.7 Current Assets, Loans & Advances are approximately of the value as stated, if realized in the ordinary course of business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably necessary.

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Mar 31, 2012

1.1 The company does not have any non-cancellable lease arrangements. Office premises are taken on operating lease and such lease rentals are charged to revenue on accrual basis.

1.2 Segment Reporting: During the year the Company was engaged only in Investment and Financing activities and its activities were confined to India. Hence there are no reportable segments of the Company.

1.3 No enterprises have been identified as a "supplier" under the micro, small and medium enterprises Development Act, 2006. The aforesaid identification has been done on the basis of information, to the extent provided by the vendors to the Company.

1.4 Balances under the head Debtors, Loans & Advances and other liabilities are subject to confirmation from the respective parties.

1.5 Impairment of Assets: The Company has carried out an impairment test as per 'Accounting Standard - 28', issued by I.C.A.I on all the assets and no provision was found to be required towards impairment of assets for the year ending 31st March, 2012.

1.6 The Company has provided for its gratuity liability on accrual basis on the basis of completed years of service as provided under the Payment of Gratuity Act. However, the provisions of Payment of Gratuity Act, do not apply to the Company, since the Company does not employ the requisite number of employees as required under the Payment of Gratuity Act.

1.7 Previous year figures have been regrouped / recasted / reclassified / rearranged wherever deemed necessary to conform with current year's classification.

1.8 Current Assets Loans & Advances are approximately of the value as stated, if realized in the ordinary course of business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably necessary.

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Mar 31, 2011

Contingent liabilities are not recognised but are disclosed in the notes to the financial statements. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that the outflow of resources would be required to settle the obligation, the provision is reversed.

Contingent assets are neither recognised nor disclosed in the financial statements.

i. Segment Reporting: During the year the company was engaged only in Investment and Financing activities and its activities were confined to India. Hence there are no reportable segments of the company.

ii. No enterprises have been identified as a "supplier" under the micro, small and medium enterprises Development Act, 2006. The aforesaid identification has been done on the basis of information, to the extent provided by the vendors to the company.

iii. Balances under the head Debtors, Loans & Advances and other liabilities are subject to confirmation from the respective parties.

iv. Impairment of Assets: The company has carried out an impairment test as per 'Accounting Standard – 28', issued by I.C.A.I on all the assets and no provision was found to be required towards impairment of assets for the period ending 31st March, 2011.

v. The company has provided for its gratuity liability on accrual basis on the basis of completed years of service as provided under the payment of Gratuity Act. However, the provisions of payment of Gratuity Act, do not apply to the company, since the company does not employ the requisite number of employees as required under the payment of Gratuity Act.

vi. Figures have been rounded off to the nearest rupee.

vii. Previous year figures have been regrouped / recasted / reclassified / rearranged wherever deemed necessary to conform with current year's classification.

viii. Current Assets Loans & Advances are approximately of the value as stated, if realized in the ordinary course of business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably necessary.

ix. Additional information pursuant to the provisions of paragraphs 3 and 4 of Part II of Schedule VI to the Companies Act, 1956 – Quantitative Particulars – N.A.

x. Schedules "A" to "J" form integral part of accounts.

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Mar 31, 2010

I. Contingent liabilities not provided for: Nil (p.y nil)

ii. Break up of Auditors Remuneration .

Amount in Rupees

For the year For the year

Ended 31.03.10 Ended 31.03.09

1. Audit Fee 33090.00 16,545.00

2. TaxAuditFees 8273.00 3,309.00

41363.00 19854.00

iii. Legal & Professional charges include Rs. 24817/- (p.y. Rs. 31854/-) paid to statutory auditors towards Tax Representation Fee.

vii. The company does not have any non cancellable lease arrangements. Office premises are taken on operating lease and such lease rentals are charged to revenue on accrual basis.

viii. Related Party Disclosures:

Disclosures as required by the Accounting Standard (AS-18) "Related party disclosures are given below:

1. Names of related parties and description of the relationship

a. Associates : 1. M/s.Gowra Ventures Pvt. Ltd.

2. M/s Gowra Petrochem Pvt. Ltd.

3 M/s G.S. Orangics

b. Key Management Personnel : 1. Mr. G.Srinivas - Managing Director

2. Mr. G.L.Prasad- Executive Director

c. Relatives of key : 1. Mr. G. S. Rajagopal

Management Personnel 2. Mr. G. Laxminarayana

3. Mrs. G. S. Sabitha

ix. Segment Reporting: During the year the Company was engaged only in Investment and Financing activities and its activities were confined to India. Hence there are no reportable segments of the Company.

x. No enterprises have been identified as a "supplier" under the Micro, Small and Medium

Enterprises Development Act, 2006. The aforesaid identification has been done on the basis of information, to the extent provided by the vendors to the Company.

xi. Balances under the head Debtors, Loans & Advances and other liabilities are subject to confirmation from the respective parties.

xii. Impairment of Assets: The company has carried out an impairment test as per Accounting Standard - 28, issued by I.C.A.I on all the assets and no provision was found to be required towards impairment of assets for the period ending 31st March, 2010.

xiii. The Company has provided for its gratuity liability on accrual basis on the basis of completed years of service as provided under the Payment of Gratuity Act. However, the provisions of Payment of Gratuity Act, do not apply to the Company, since the Company does not employ the requisite number of employees as required under the Payment of Gratuity Act.

xiv. Figures have been rounded off to the nearest rupee.

xv. Previous year figures have been regrouped / recasted / reclassified / rearranged wherever deemed necessary to conform with current years classification.

xvi. Current Assets Loans & Advances are approximately of the value as stated, if realized in the ordinary course of business. The provision for all known liabilities is adequate and is not in excess of the amount considered reasonably necessary.

xix. Additional information pursuant to the provisions of paragraphs 3 and 4 of Part II of Schedule VI to the Companies Act, 1956-Quantitative Particulars-N. A.

xx. Schedules "A" to "J" form integral part of accounts.