Notes to Accounts of Inter Globe Finance Ltd.

Mar 31, 2024

14. Provisions:

A provision is recognized when there exists a present obligation as a result of past events 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 not discounted to present value and are determined based on best estimates 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.

15. Contingent liabilities:

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed only 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, the Company does not recognize a contingent liability but discloses its existence in the financial statements.

16. Cash and cash equivalent:

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short term deposits with banks with an original maturity of three months or less.

For JLN US & Co.

Chartered Accountants FRN: 101543W Sd/-

(CA Sunil Kumar Kabra)

Partner

Mem No. 111692 Date:29-05-2024 Place : Surat

UDIN :24111692BKACDB9934

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Mar 31, 2023

14. Provisions:

A provision is recognized when there exists a present obligation as a result of past events 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 not discounted to present value and are determined based on best estimates 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.

15. Contingent liabilities:

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed only 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, the Company does not recognize a contingent liability but discloses its existence in the financial statements.

16. Cash and cash equivalent:

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short term deposits with banks with an original maturity of three months or less.

For SAHAJ AND ASSOCIATES

Chartered Accountants

_FRN _ _127954W For INTERGLOBE FINANCE LIMITED

CA Abhishek Darak Sd/- Sd/-

^Partner Navin Jain (DIN : 01197626) Anirban Dutta (DIN : 00655172)

Mate''''29 05⁹2023 (Chairman & Managing Director) (Director & CFO)

Place : Surat Pritha Beriwal (Mem. No. A49631)

UDIN : 23159965BGWHGQ8886 (Company Secretary & Compliance Officer)

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Mar 31, 2014

1. Contingent liabilities and commitments

i) Contingent Liabilities

a) Claim against the company not acknowledge as debt NIL NIL

b) Guarantees NIL NIL

c) Other money for which company is contingently liable NIL NIL ii) Commitments

a) Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

b) Uncalled liability on shares and other investments partly paid NIL NIL

c) Other commitments NIL NIL

2. Expenditure on employees drawings remuneration of Rs. 2,00,000/- or more per month NIL NIL

3. There is no undisputed amounts payable in respect of Micro, Small & Medium Enterprises, as at 31st March, 2014 for a period of more than thirty days from the date they become payable.

4. Balances lying as debtors, creditors, loans&advances are subject to confirmation to be received from parties.

5. The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

6. During the year ended March 31,2014, the company did transact with its related parties as defined in Accounting Standard 18, issued by the Institute of Chartered Accountants of India are as per separate sheet.

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Mar 31, 2013

1. There is no undisputed amounts payable in respect of Micro, Small & Medium Enterprises, as at 31st March, 2013 for a period of more than thirty days from the date they become payable.

2. Balances lying as debtors, creditors, loans & advances are subject to confirmation to be received from parties.

3. The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

4. During the year ended March 31,2013, the company did transact with its related parties as defined in Accounting Standard 18, issued by the Institute of Chartered Accountants ofIndia are as per separate sheet.

5. Contingent liabilities and commitments

i) Contingent Liabilities

a) Claimagainst the company not acknowledge as debt NIL NIL

b) Guarantees NIL NIL

c) Othermoney for which company is contingently liable NIL NIL

ii) Commitments

a) Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

b) Uncalled liability on shares and other investments partly paid NIL NIL

c) Othercommitments NIL NIL

6. Expenditure on employees drawings remuneration of Rs. 2,00,000/- or more per month NIL NIL

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Mar 31, 2012

1. Contingent liabilities and commitments

i) Contingent Liabilities

a) Claim against the company not acknowledge as debt NIL NIL

b) Guarantees NIL NIL

c) Other money for which company is contingently liable NIL NIL

ii) Commitments

a) Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

b) Uncalled liability on shares and other investments partly paid NIL NIL

c) Other commitments NIL NIL

2. Expenditure on employees drawings remuneration of Rs. 2,00,000/- or more per month NIL NIL

3. There is no undisputed amounts payable in respect of Micro, Small & Medium Enterprises, as at 31st March, 2012 for a period of more than thirty days from the date they become payable.

4. Balances lying as debtors, creditors, loans & advances are subject to confirmation to be received from parties.

5. The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

6. During the year ended March 31,2012, the company did transact with its related parties as defined in Accounting Standard 18, issued by the Institute of Chartered Accountants of India are as per separate sheet.

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Mar 31, 2010

1. In the opinion of the Management and to the best of their knowledge and belief, the value of current assets, loans and advances, if realised in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet

2. In compliance with the Accounting Standard - AS 22 relating to "Accounting for; Taxes on Income" issued by the Institute of Chartered Accountants of India the company has adjusted the deferred tax liabilities net arising out of timing differences during the year aggregating to 87,983/- has been recognized in the Profit & Loss Account.

3. Previous years figures have been re-arranged / regrouped wherever necessary.

4. Figures have been rounded off to the nearest rupees.

5. Schedule to forming an integral part of accounts has been duly authenticated.