Notes to Accounts of Helpage Finlease Ltd.

Mar 31, 2025

11. Provisions, Contingent Liabilities and Contingent Assets: - (Indian Accounting Standards)

Provisions are recognized only when there is a present obligation as a result of past events and when a

reliable estimate of the amount of the obligation can be made.

Contingent Liabilities is disclosed in Notes to the account for: -

(i) Possible obligations which will be confirmed only by future events not wholly within the control
of the company or

(ii) Present Obligations arising from past events where it is not probable that an outflow of resources
will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot
be made.

Contingent assets are not recognized in the financial statement since this may result in the recognition

of the income that may never be realized.

12. 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.

General:

Except wherever stated, accounting policies are consistent with the generally accepted accounting
principles and have been consistently applied.

(B) Additional Notes on Financial Statements:

1. The SSI status of the creditors is not known to the Company; hence the information is not given.

2. Salaries include director’s remuneration on account of salary Rs. NIL /- (Previous Year Rs. NIL /-)

3. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their
book value subject to confirmation and reconciliation.

5. Loans and Advances are considered good in respect of which company does not hold any security
other than the personal guarantee of persons.

6. Related Party disclosure as identified by the company and relied upon by the auditors:

(A) Related Parties and their Relationship

(I) Key Management Personnel (KMP)

1. Mr. Sidharth Goyal

2. Ms. Ananyaa Pandey

3. Mr. Ashwin Dorairajan

4. Mr. Sushil Kumar

5. Mr. Hemant Chauhan (resigned w.e.f 14.06.2024)

(Ms. Darshna Agarwal has been appointed as on 17.06.2024)

(II) Relative of Key Management Personnel (KMP)

1. Hemant Kumar Goyal

2. Chaman Goyal

11. Previous periods/year figures have been regrouped, rearranged and re-classified wherever necessary
to confirm to current periods classification.

As per our report of even dated attached

For R C Agarwal & Co. For M/s HELPAGE FINLEASE LIMITED

Chartered Accountants
FRN: 003175N

Sd/- Sd/- Sd/- Sd/-

CA Pravin Kumar Jha Sidharth Goyal Ananyaa Pandey Darshna Agarwal

Partner Managing Director Company Secretary

Membership No. 506375 Director DIN: 06966851 & Compliance

DIN: 02855118 officer

M. No. A73854

Place: New Delhi

Date: 26^th May 2025

UDIN: 25506375BMJJOD4150

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Mar 31, 2024

11. Provisions. Contingent Liabilities and Contingent Assets: - (Indian Accounting Standards)

Provisions are recognized only when there is a present obligation as a result of past events and
when a reliable estimate of the amount of the obligation can be made.

Contingent Liabilities is disclosed in Notes to the account for: -

(i) Possible obligations which will be confirmed only by future events not wholly within the
control of the company or

(ii) Present Obligations arising from past events where it is not probable that an outflow of
resources will be required to settle the obligation or a reliable estimate of the amount of the
obligation cannot be made.

Contingent assets are not recognized in the financial statement since this may result in the
recognition of the income that may never be realized.

12. Earnings Per Share

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

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

General:

Except wherever stated, accounting policies are consistent with the generally accepted accounting
principles and have been consistently applied.

(B) Additional Notes on Financial Statements:

1. The SSI status of the creditors is not known to the Company; hence the information is not given.

2. Salaries includes director’s remuneration on account of salary Rs. NIL /- (Previous Year Rs. NIL
/-)

3. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at
their book value subject to confirmation and reconciliation.

5. Loans and Advances are considered good in respect of which company does not hold any security

other than the personal guarantee of persons.

6. Related Party disclosure as identified by the company and relied upon by the auditors:

(A) Related Parties and their Relationship

(I) Key Management Personnel (KMP)

1. Mr. Sidharth Goyal

2. Ms. Ananyaa Pandey

3. Mr. Ashwin Dorairajan

4. Mr. Sushil Kumar

5. CS Megha Dhruv (resigned w.e.f. 17.02.2024)

(CS Hemant Chauhan has been appointed as on 16.05.2024)

(II) Relative of Key Management Personnel (KMP)

1. Hemant Kumar Goyal

2. Chaman Goyal

(III) Enterprises owned or significantly influenced by Key Management personnel or their relatives
(KMP)

1. Jeen Social Development Foundation

2. Jeen Universal Foundation

11. Previous periods/year figures have been regrouped, rearranged and re-classified wherever
necessary to confirm to current periods classification.

As per our report of even dated attached

For R C Agarwal & Co. For M/s HELPAGE FINLEASE LIMITED

Chartered Accountants
FRN: 003175N

Sd/- Sd/- Sd/-

CA Pravin Kumar Jha Sidharth Goyal Ananyaa Pandey HemantChauhan

Partner Managing Director Director Company Secretary

Membership No. 506375 DIN: 02855118 DIN: 06966851 &Complianceofficer

M. No. A61772

Place: New Delhi

Date: 30^th May 2024

UDIN: 24506375BKCFSG4034

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Mar 31, 2014

1. As per the information and explanation given to us and relied upon by us, the company has been of registered as a Non - Banking Financial Company under the provisions of the Reserve Bank of India Act, 1934 and has obtained a certificate of registration No B-14.01206, dated 2nd January 2003 from the Reserve Bank of India in terms of Section 45IA.

2. As per the information and explanation given to us and relied upon by us, the board of directors of the company has passed a resolution for non-acceptance of public deposits.

3. As per the information and explanation given to us and relied upon by us, the company has not accepted any deposits from the public during the FY 2013 - 14.

4. As per the information and explanation given to us and relied upon by us, the company has complied with the provisions of prudential norms relating to the income recognition, assets classification, accounting standards and provisioning for bad and doubtful debts, to the extent applicable, during the FY ended March 31, 2014.

The other matters stated in paragraph 3 of the directions are not applicable in the case of the company.

Notes:

1. As defined in paragraph 2(1 )(xii) of the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998.

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.