Notes to Accounts of Kashyap Tele-Medicines Ltd.

Mar 31, 2024

3.7 Provisions, contingent liabilities, contingent assets and commitments

A provision is recognised when there is a present legal or constructive obligation as a result of past event; it is probable
that an outflow of resources will be required to settle the obligation, and in respect of which a reliable estimate can
be made. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates. A disclosure
for a contingent liability is made where there is a possible obligation arising out of past event, the existence of which
will be confirmed only by the occurrence or non occurrence of one or more uncertain future events not wholly within
the control of the Company or a present obligation arising out of past event where it is either not probable that an outflow
of resources will be required to settle or a reliable estimate of the amount cannot be made.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects,
when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the
passage of time is recognised as a finance cost.

3.8 Fair value disclosures for financial assets and financial liabilities

The management believes that the fair values of non-current financial assets (e.g. Investments and other financial assets),
current financial assets (e.g. cash equivalents, trade and other receivables, loans), non-current financial liabilities and
current financial liabilities (e.g Trade payables and other financial liabilities) approximate their carrying amounts.

3.9 Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity
instrument of another entity.

Financial assets

Initial recognition and measurement

All financial assets are recognized initially at fair value plus, in the case of financial assets not recorded at fair value
through profit or loss, transaction costs that are attributable to the acquisition of the financial asset.

Subsequent measurement

For purposes of subsequent measurement, financial assets are classified in following categories:

A) Equity instruments

All equity instruments are subsequently measured at fair value in the balance sheet,with value changes recognised
in statement of profit and loss, except for those equity instruments for which the Company has elected to present
value changes in "other comprehensive income". If an equity instrument is not held for trading, the Company may
make an irrevocable election for its investments which are classified as equity instruments to present the subsequent
changes in fair value in other comprehensive income. The Company makes such election on an instrument by
instrument basis.

If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument,
excluding dividends, are recognized in the OCI. There is no recycling of the amounts from OCI to P&L, even on sale
of investment. However, The Company may transfer the cumulative gain or loss within equity.

The Company has elected to present all equity instruments, other than those in subsidiary, through FVTPL and all
subsequent changes are recognized in Statement of Profit and Loss.

Derecognition

A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets)
is primarily derecognised (i.e. removed from the Company''s balance sheet) when:

> The rights to receive cash flows from the asset have expired, or

> The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to
pay the received cash flows in full without material delay to a third party under a ''pass-through'' arrangement?
and either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the
Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has
transferred control of the asset.

When the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through
arrangement, it evaluates if and to what extent it has retained the risks and rewards of ownership. When it has
neither transferred nor retained substantially all of the risks and rewards of the asset, nor transferred control of
the asset, the Company continues to recognise the transferred asset to the extent of the Company''s continuing
involvement. In that case, the Company also recognises an associated liability. The transferred asset and
the associated liability are measured on a basis that reflects the rights and obligations that the Company has
retained.

Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of
the original carrying amount of the asset and the maximum amount of consideration that the Company could be
required to repay.

Impairment of financial assets

In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for measurement and
recognition of impairment loss on financial assets which are measured at amortised cost or Fair value through other
comprehensive income (FVOCI).

The Company follows ''simplified approach'' for recognition of impairment loss allowance on trade receivables.

The application of simplified approach does not require the Company to track changes in credit risk. Rather,
it recognises impairment loss allowance based on lifetime ECLs at each reporting date, right from its initial
recognition.

For recognition of impairment loss on other financial assets and risk exposure, the Company determines that whether
there has been a significant increase in the credit risk since initial recognition. If credit risk has not increased
significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has increased significantly,
lifetime ECL is used. If, in a subsequent period, credit quality of the instrument improves such that there is no longer
a significant increase in credit risk since initial recognition, then the entity reverts to recognising impairment loss
allowance based on 12-month ECL.

Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a
financial instrument. The 12-month ECL is a portion of the lifetime ECL which results from default events that are
possible within 12 months after the reporting date.

ECL is the difference between all contractual cash flows that are due to the Company in accordance with the contract
and all the cash flows that the entity expects to receive (i.e., all cash shortfalls), discounted at the original EIR. ECL
impairment loss allowance (or reversal) recognized during the period is recognized as income/ expense in the
statement of profit and loss (P&L). This amount is reflected in a separate line in the P&L as an impairment gain or
loss.

For financial assets measured as at amortised cost, ECL is presented as an allowance, i.e. as an integral part
of the measurement of those assets in the balance sheet. The allowance reduces the net carrying amount. Until
the asset meets write-off criteria, the Company does not reduce impairment allowance from the gross carrying
amount.

Financial liabilities

Initial recognition and measurement

All financial liabilities are initially recognised at fair value. The Company''s financial liabilities include trade and
other payables, loans and borrowings including bank overdraft and derivative financial instruments.

Subsequent measurement

Subsequent measurement of financial liabilities depends on their classification as fair value through Profit and loss
or at amortized cost.

All changes in fair value of financial liabilities classified as FVTPL is recognized in the Statement of Profit and Loss.
Amortised cost category is applicable to loans and borrowings, trade and other payables. After initial recognition
the financial liabilities are measured at amortised cost using the EIR method. Gains and losses are recognized in
profit and loss when the liabilities are derecognized as well as through the EIR amortization process. Amortised cost
is calculated by taking into account any discount or premium on acquisition and fees or cost that are integral part
of the EIR. The EIR amortization is included as finance cost in the Statement of Profit and Loss.

Derecognition

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires.
When an existing financial liability is replaced by another from the same lender on substantially different terms,
or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the
derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying
amounts is recognised in the statement of profit or loss.

Reclassification of financial instruments

After initial recognition, no reclassification is made for financial assets which are equity instruments. For financial
assets, which are debt instruments, a reclassification is made only if there is a change in the business model for

managing those assets. Changes to the business model are expected to be infrequent. If the Company reclassifies

the financial assets, it applies the reclassification prospectively from the reclassification date which is the first day
of the immediately next reporting period following the change in the business model.

Offsetting financial assets and financial liabilities

Financial assets and liabilities are offset and the net amount is reported in the balance sheet if there is a currently
enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realise
the assets and settle the liabilities simultaneously.

4 Changes in accounting policies and disclosures
New and amended standards

The Ministry of Corporate Affairs has notified Companies (Indian Accounting Standards) Amendment Rules, 2023 dated
31^st March, 2023 to amend certain Ind AS which are effective for annual periods beginning on or after 1^st April, 2023.

The Company applied for the first-time these amendments and following is the impact that such amendments had an

impact on the Company''s financial position, performance and/or disclosures:

Disclosure of Accounting Policies - Amendments to Ind AS 1

The amendments aim to help entities provide accounting policy disclosures that are more useful by replacing the
requirement for entities to disclose their ''significant'' accounting policies with a requirement to disclose their ''material''
accounting policies and adding guidance on how entities apply the concept of materiality in making decisions about
accounting policy disclosures.

The amendments have had an impact on the Company''s disclosures of accounting policies, but not on the measurement,
recognition or presentation of any items in the Company''s financial statements.

5 Significant accounting estimates and assumptions

The preparation of the Company''s financial statements requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying
disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could result
in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods.

Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that
have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year, are described below. The Company based its assumptions and estimates on parameters available when
the financial statements were prepared. Existing circumstances and assumptions about future developments, however,
may change due to market changes or circumstances arising that are beyond the control of the Company. Such changes
are reflected in the assumptions when they occur.

Impairment of non-financial assets

Impairment exists when the carrying value of an asset or cash generating unit exceeds its recoverable amount, which
is the higher of its fair value less costs of disposal and its value in use. The fair value less costs of disposal calculation
is based on available data for similar assets or observable market prices less incremental costs for disposing of the
asset. The value in use calculation is based on a discounted cash flow model. The cash flows are derived from the budget
for the next five years and do not include restructuring activities that the Company is not yet committed to or significant
future investments that will enhance the asset''s performance being tested. The recoverable amount is sensitive to the
discount rate used for the discounted cash flow model as well as the expected future cash-inflows and the growth rate
used for extrapolation purposes.

Taxes

Deferred tax assets are recognised for unused tax credits to the extent that it is probable that taxable profit will be
available against which the credits can be utilised. Significant management judgement is required to determine the
amount of deferred tax assets that can be recognized, based upon the likely timing and the level of future taxable profits
together with future tax planning strategies.

Fair value measurement of financial instruments

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured based
on quoted prices in active markets, their fair value is measured using valuation techniques including the DCF model. The
inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of
judgment is required in establishing fair values. Judgements include considerations of inputs such as liquidity risk, credit
risk and volatility. Changes in assumptions about these factors could affect the reported fair value of financial instruments.

(a) The Company''s capital management objective are to ensure Company''s ability to continue as a going concern as well
to create value for shareholders by facilitating the meeting of long term and short term goals of the Company. The
Company determines the amount of capital required on the basis of annual business plan coupled with long term
and short term strategic investment and expansion plans. The funding needs are met through cash generated from
operations. The Company monitors the capital structure on the basis of net debt to equity ratio and maturity profile
of the overall debt portfolio of the Company. The table below summarises the capital, net debt and net debt to equity
ratio of the company.

The Company is exposed to various risks in relation to financial instruments. The main types of risks are credit risk and
liquidity risk.

(a) Credit Risk

Credit Risk in case of the Company arises from cash and cash equivalents, deposits with banks , as well as credit
exposures to customers including outstanding receivables.

Credit Risk Management

Credit risk is the risk that a counterparty fails to discharge an obligation to the Company. The Company is exposed
to this risk for various financial instruments, for example by granting loans and receivables to customers, placing
deposits etc. the Company''s maximum exposure to credit risk is limited to the carrying amount of financial assets
recognised at 31^st March, 2024, as summarised below:

25 Segment information
a Basis for Segmentation

The Company''s senior management consisting of Managing Director, Directors and Chief Financial Officer, examines the
company''s performance on the basis of single segment namely Software Sales. Hence, the Company has only one operating
segment under Ind AS 108 ''Operating Segments'' i.e. Software Sales.

b Geographical Information

All the operations and customers of the Company are based in India only, Hence all the revenue is generated from India
and all the assets of the Company are located in India.

c Major customer

Following are the details of revenue generated from single customer which has accounted for more than 10% of the
Company''s revenue:

The major reason for variation in Current Ratio and Net Capital Turnover Ration is mainly due to increased payables
for expenses.

The major reason for improvement in profitability and margin related ratios is mainly due to the reason that the profit
/ (loss) for the current year is impacted due to penalty charged by BSE Limited and increased employee benefit expenses.

* The numbers in brackets represent that the numbers are in negative.

27. Other Statutory Information

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.

(ii) The Company does not have any transactions with companies struck off.

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory
period.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(vi) The Company has 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:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

(vii) The Company does not have any transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such
as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(viii) Other Additional Regulatory information as per Schedule III are not applicable to the company.

28. Previous year figures have been re-grouped wherever necessary.

For, RAVI KARIA & ASSOCIATES For and on behalf of Board of Directors of

Chartered Accountants Kashyap Tele-Medicines Limited

Sd/- Sd/- Sd/-

Ravi Karia (Mr. Amit Agrawal) (Mr. Devkinandan Sharma)

(Partner) Managing Director Director

Firm Registration No.: 157029W (DIN: 00169061) (DIN: 07900496)

Membership No.: 161201

Sd/- Sd/-

(CS Jyoti Sahu) (Mr. Raghav Agrawal)

Place : Ahmedabad Company Secretary CFO & Director

Date : 17^th May, 2024 (DIN: 02264149)

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Mar 31, 2014

1.1 The balance of Creditors, Loans and Advances and Debtors are subject to confirmation and necessary adjustment, if any, will be made on its reconciliation.

1.2 In the opinion of the Board, the current assets, Loans and Advance are approximately of the value stated if realised in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of the amount considered necessary.

1.3 Contingent liabilities as on 31/03/2014 are : NIL (NIL)

1.4 Claim against company not acknowledged as debts : NIL (NIL)

1.5 None of the employees received remuneration of Rs. 6000000/- per annum or Rs. 500000/- per month during the part of the year and hence, reporting of information as per section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rule, 1975, does not arise.

1.6 (i) Expenditure in foreign currency Rs. NIL (NIL) (ii) Earning in foreign currency Rs. NIL (NIL)

1.7 Since the company operates in a single segment, Accounting Standard (AS) - 17 Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

1.8 The company has unabsorbed depreciation & carried forward losses under the tax laws. In absence of virtual certainty of sufficient future taxable income, net deferred tax assets has not been recognized by way of prudence in accordance with Accounting standard (As)-22 " Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

1.9 Figures of previous year have been regrouped and/or recast wherever felt necessary to make them comparable with the current year.

1.10 Notes 1 to 17 form integral part of accounts.

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Mar 31, 2013

1.1 The balance of Creditors, Loans and Advances and Debtors are subject to confirmation and necessary adjustment, if any, will be made on its reconciliation.

1.2 In the opinion of the Board, the current assets, Loans and Advance are approximately of the value stated if realized in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of the amount considered necessary.

1.3 None of the employees received remuneration of Rs. 6000000/- per annum or Rs. 500000/- per month during the part of the year and hence, reporting of information as per section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rule, 1975, does not arise.

1.4 The company has unabsorbed depreciation & carried forward losses under the tax laws . In absence of virtual certainty of sufficient future taxable income, net deferred tax assets has not been recognized by way of prudence in accordance with Accounting standard (As)-22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

1.5 Figures of previous year have been regrouped and/or recast wherever felt necessary to make them comparable with the current year.

1.6 Exceptional Items represents cancellation of DD drawn in favour of BSNL of Rs. 70,000/- in previous year 2011-12 which was not actual expense of the company.

1.7 Notes 1 to 19 form integral part of accounts.

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Mar 31, 2012

1.1 The balance of Creditors, Loans and Advances and Debtors are subject to confirmation and necessary adjustment, if any, will be made on its reconciliation.

1.2 In the opinion of the Board, the current assets, Loans and Advance are approximately of the value stated if realised in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of the amount considered necessary.

1.3 Travelling Expenses including Director's Inland Travelling Rs NIL

1.4 Contingent liabilities as on 31/03/2012 are as follows :

1. Bank Guarantees NIL (NIL) (Against Pledge of Fixed Deposits)

2. Capital Contracts not executed for NIL (NIL)

1.5 Claim against company not acknowledged as debts : NIL (NIL)

1.6 None of the employees received remuneration of Rs. 6000000/- per annum or Rs. 500000/- per month during the part of the year and hence, reporting of information as per section 217(2 A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rule, 1975, does not arise.

1.7(i) Expenditure in foreign currency Rs.NIL (NIL)

(ii) Earning in foreign currency Rs. NIL (NIL)

1.8 Since the company operates in a single segment i. e. '"ISP" Accounting Standard (AS) - 17 Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

1.9 RELATED PARTY DISCLOSURE:

1.10 The company has unabsorbed depreciation & carried forward losses under the tax laws . In absence of virtual certainty of sufficient future taxable income, net deferred tax assets has not been recognized by way of prudence in accordance with Accounting standard (As)-22 " Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

1.11 AUDITORS REMUNERATION (incl. Service Tax) Rs. 22472/- (22472/-)

1.12 MANAGERIAL REMUNERATION Rs. NIL (NIL)

1.13 EARNING PER SHARE : CURRENT YFAR PREVIOUS YEAR BASIC/DILUTED 0.006 0.014

Net Profit / Loss attributable to shareholders 309692 647681

Weighted Average Number of shares 47722000 47722000

1.14 Figures of previous year have been regrouped and/or recast wherever felt necessary to make them comparable with the current year.

1.15 Prior period items represents payment to BSNL of Rs. 70000/- towards settlement of old dues. v 19.17 Notes 1 to 19 for integral part of accounts.

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Mar 31, 2011

1. The balance of Creditors, Loans and Advances and Debtors are subject to confirmation and necessary adjustment, if any, will be made on its reconciliation.

2. In the opinion of the Board, the current assets, Loans and Advance are approximately of the value stated if realised in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of the amount considered necessary.

3. Travelling Expenses including Director's Inland Travelling Rs NIL

4. Contingent liabilities as on 31/03/2011 are as follows :

1. Bank Guarantees NIL (NIL) (Against Pledge of Fixed Deposits)

2. Capital Contracts not executed for NIL (NIL)

5. Claim against company not acknowledged as debts : NIL (NIL)

6. None of the employees received remuneration of Rs. 6000000/- per annum or Rs. 500000/- per month during the part of the year and hence, reporting of information as per section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rule, 1975, does not arise.

7. Additional information pursuant to the provision of para 3 & 4 of part II of Schedule VI of the Companies Act, 1956.

8. Since the company operates in a single segment i. e. "ISP" Accounting Standard (AS) -17 Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

9. The company has unabsorbed depreciation & carried forward losses under the tax laws . In absence of virtual certainty of sufficient future taxable income, net deferred tax assets has not been recognized by way of prudence in accordance with Accounting standard (AS)-22 " Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

10. Figures of previous year have been regrouped and/or recast wherever felt necessary to make them comparable with the current year.

11. Schedule A to M form integral part of accounts.

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Mar 31, 2010

1. The balance of Creditors, Loans and Advances and Debtors are subject to confirmation and necessary adjustment, if any, will be made on its reconciliation.

2. In the opinion of the Board, the current assets, Loans and Advance are approximately of the value stated if realised in the ordinary course of business. The provision for all known liabilities are adequate and not in excess of the amount considered necessary.

3. Travelling Expenses including Directors Inland Travelling Rs NIL

4. Contingent liabilities as on 31/03/2010 are as follows:





1. Bank Guarantees NIL (NIL)

(Against Pledge of Fixed Deposits)

2. Capital Contracts not executed for NIL (NIL)

5. Claim against company not acknowledged as debts: NIL (NIL)

6. None of the employees received remuneration of Rs. 2400000/- per annum or Rs. 200000/- per month during the part of the year and hence, reporting of information as per section 217(2A) of the Companies Act, 1956, read with the Companies (Particulars of Employees) Rule, 1975, does not arise.

7. Additional information pursuant to the provision of para 3 & 4 of part II of Schedule VI of the Companies Act, 1956.

8 Since the company operates in a single segment i.e. "ISP" Accounting Standard (AS) -17 Segment Reporting issued by the Institute of Chartered Accountants of India is not applicable.

9. The company has unabsorbed depreciation & carried forward losses under the tax laws. In absence of virtual certainty of sufficient future taxable income, net deferred tax assets has not been recognized by way of prudence in accordance with Accounting standard (As)-22 " Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

10. Figures of previous year have been regrouped and/or recast wherever felt necessary to make them comparable with the current year.

11. Schedule A to M form integral part of accounts.