Notes to Accounts of KLG Capital Services Ltd.

Mar 31, 2024

VIII Provision, Contigent Liabilites and Contigent 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.
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market
assessments of the time value of money and the risks specific to the liability. Contingent Liabilities are not recognised
but are disclosed in the notes. Contingent Assets are not recognised but disclosed in the Financial Statements when
economic inflow is probable.

XII Details of title deeds of Immovable Property not held in name of the Compamy:

The Company do not have the immovable property whose title deeds are not held in the name of the Compamy as on
31.03.2024. (Previous Year 31.03.2023: Nil).

XIII Detials of Capital-Work-in Progress (CWIP) as on 31.03.2024

The Company do not have Capital Work in Progress as on 31.03.2023. (Previous Year 31.03.2023: Nil)

XIV Detials of Intangible assets under development as on 31.03.2024:

The Company do not have Intangible assets under development in Progress as on 31.03.2023. (Previous Year
31.03.2023: Nil)

XV Details of Benami Property as on 31.03.2024:

Company do not have any Benami Property as on 31.03.2023.(previous Year 31.03.2023:NIL)

XVI Details of Surrender Income as on 31.03.2024:

The Company do not have any transaction not recoreded in the books of accounts that has been surrendered or
disclosed as income during the year in tax assessments under the income tax Act, 1961 ( Such as Search or survey or
any other relevant provisions of the Income tax Act, 1961). as on 31.03.2024. ( Previous Year 31.03.2023 : Nil)

Note 18

CONTINGENT LIABILITIES AND COMMITMENTS

There are no contingent liabilitites during the year.

Note 19

In the opinion of the management, Current Assets, Loans and Advances are of the value stated, if realized in the ordinary course
of business.

Note 20

SEGMENT REPORTING

Segment Information : The Company is engaged in the business of providing Loans. All other activities of the Company are
related to the main business. As such there are no separate reportable segments, as per the Ind-AS 108 on Operating Segment
Note 21

RELATED PARTY DISCLOSURES

a) List of Related parties

i) Holding Company

Awaita Properties Pvt. Ltd

ii) Subsidiary Company

KLG Stock Brokers Pvt. Ltd

iii) Key Management Personnel

Chintan Chheda , Director, (W.E.F Nov. 13,2020)

Akhilesh Kumar .Manager (W.E.F Nov. 11,2021)

b) Terms and Conditions of transactions with related parties

The Transactions from related parties are made on arm’s length price. Outstanding balances at the year-end are unsecured
and interest have been accounted on market rate except the advances which is merely reimbursment of expenses. This
assessment is undertaken each financial year through examining the financial position of the related party and the market
in which the related party operates.

FINANCIAL RISK MANAGEMENT OBJECTIVE AND POLICIES:

The Company’s principal financial liabilities comprise loans and borrowings and trade and other payables. The main purpose
of these financial liabilities is to finance the Company’s operations and to provide guarantees to support its operations. The
Company''s principal financial assets include Investment, loans and advances, trade and other receivables, and cash and bank
balances that derive directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the
management of these risks. The Company’s senior management advises on financial decision and the appropriate financial risk
governance framework for the Company.

Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and
commodity risk. Financial instruments affected by market risk include loans and borrowings, deposits, FVTOCI investments and
derivative financial instruments.

Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in
market interest rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to the Company’s
long-term debt obligations with floating interest rates.

Credit risk

Credit risk is the risk that a counter party will not meet its obligations under a financial instrument or customer contract, leading to
a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables and advances to
suppliers) and from its financing activities, including deposits with banks and financial institutions, foreign exchange transactions
and other financial instruments.

Trade receivables

Customer credit risk is managed by each business unit subject to the Company’s established policy, procedures and control
relating to customer credit risk management. Outstanding customer receivables are regularly monitored. An impairment analysis
is performed at each reporting date on an individual basis for major clients.

Financial instruments and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company’s treasury department in accordance
with the Company''s policy. Investments of surplus funds are made only with approved authorities. Credit limits of all authorities
are reviewed by the Management on regular basis.

Liquidity risk

The Company monitors its risk of a shortage of funds using a liquidity planning tool.

The Company’s objective is to maintain a balance between continuity of funding and flexibility through the use of bank overdrafts,
Letter of Credit and working capital limits.

Note - 23

CAPITAL MANAGEMENT:

For the purpose of the Company''s capital management, capital includes issued equity capital, securities premium and all other
equity reserves attributable to the equity holders of the parent. The primary objective of the Company''s capital management is
to maximise the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants. The Company monitors capital using a gearing ratio, which is net debt divided by total
capital plus net debt.

In order to achieve this overall objective, the Company’s capital management, amongst other things, aims to ensure that it meets
financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. There have
been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current year.

Note - 24

EARNING PER SHARE:

Particulars 2023-24 2022-23

Net Profit / (Loss) After Tax available for Equity Shareholders (in Rs.) (3,77,890) (6,22,462)

Weighted Average Number of Equity Shares of Rs. 10/- each outstanding during 3202400 32,02,400

the year

Basic/Diluted Earning Per Share (in Rs.) (0.12) (0.19)

In terms of our report of even date attached For and on behalf of the Board of Directors

For BHARAT SHAH & ASSOCIATES,

Chartered Accountants

Firm Reg. No.101249W Chintan Chheda Rakesh Bajaj

Director Director

BHARAT A. SHAH DIN :08098371 DIN :02894631

PROPRIETOR

Membership No. 32281 Akhilesh Kumar

CFO

PLACE: Mumbai
DATE : 29-05-2024

---

Mar 31, 2015

NOTE NO. 1 - TRADE PAYABLES

The Company does not have in its records any intimation from suppliers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to amounts unpaid at the year end together with interest paid/payable as required under the said Act have not been furnished.

NOTE NO. 2 - RELATED PARTY DISCLOSURE:

a) List of Related Parties where control exists and related parties with whom transaction have taken place and relationships:

i) Holding Company

Awaita Properties Pvt. Ltd

ii) Subsidiary Company

KLG Stock Brokers Pvt. Ltd

iii) Key Management Personnel

Milan Lalit Mandani, Manager

Mitul Shah, Chief Financial Officer (From November 13, 2014 to May 25,2015)

Nishita M. Nagrecha, Company Secretary (Appointed on November 13, 2014)

NOTE NO. 3 - DIRECTOR'S REMUNERATION

No remuneration has been paid to any of the Directors.

NOTE NO. 4 - FOREIGN CURRENCY TRANSACTIONS

There is no income or expenditure in foreign currency during the year.

NOTE NO. 5

Company has policy of making provision for retirement benefits as and when the liability arises.

NOTE NO. 6

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated, if realized in the ordinary course of business, except otherwise stated.

c. Previous year figures have been regrouped or rearranged, wherever necessary.

---

Mar 31, 2014

NOTE NO. 1 - TRADE PAYABLES

The Company does not have in its records any intimation from suppliers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any, relating to amounts unpaid at the year end together with interest paid/payable as required under the said Act have not been furnished.

NOTE NO. 2 - SHORT-TERM LOANS AND ADVANCES

(b) Loans and Advances and Deposits to Related Parties

Deposit of Rs. 4,000,000 against use of Office Premises has been made to Awaita Properties Pvt Ltd, Holding Company.

NOTE NO. 3 - RELATED PARTY DISCLOSURE:

a) List of Related Parties where control exists and related parties with whom transaction have taken place and relationships:

i) Holding Company Awaita Properties Pvt. Ltd

ii) Subsidiary Company

KLG Stock Brokers Pvt. Ltd

iii) Key Management Personnel Hemendra Singh (upto February 11,2014)

Milan Lalit Mandani (w.e.f. February 12, 2014)

Nikhil P. Gandhi

NOTE NO. 4 - DIRECTOR''S REMUNERATION

No remuneration has been paid to any of the Directors except for the sitting fees.

NOTE NO. 5 - FOREIGN CURRENCY TRANSACTIONS

There is no income or expenditure in foreign currency during the year.

NOTE NO. 6

Company has policy of making provision for retirement benefits as and when the liability arises.

NOTE NO. 7

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated, if realized in the ordinary course of business, except otherwise stated.

c. Previous year figures have been regrouped or rearranged, wherever necessary.

---

Mar 31, 2013

NOTE NO. 1 - RELATED PARTY DISCLOSURE: (AS IDENTIFIED BY THE MANAGEMENT)

a) List of Related Parties

i) Major Shareholder having control over the Company : Awaita Properties Pvt. Ltd.

ii) Subsidiary : KLG Stock Brokers Pvt. Ltd.

iii) Key Management Personnel : Hemendra Singh (Whole-time Director)

iv) Companies under Common Control : Awaita Properties Pvt. Ltd.

NOTE NO. 2 - DIRECTOR''S REMUNERATION

No remuneration has been paid to any of the Directors.

NOTE NO. 3 - FOREIGN CURRENCY TRANSACTIONS

There is no income or expenditure in foreign currency during the year.

NOTE NO. 4

Company has policy of making provision for retirement benefits as and when the liability arises.

NOTE NO. 5

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated, if realized in the ordinary course of business, except otherwise stated.

c. Previous year figures have been regrouped or rearranged, wherever necessary.

---

Mar 31, 2012

NOTE NO. 1 - DIRECTOR'S REMUNERATION

No remuneration has been paid to any of the Directors.

NOTE NO. 2 - FOREIGN CURRENCY TRANSACTIONS

There is no income or expenditure in foreign currency during the year.

NOTE NO. 3

Company has policy of making provision for retirement benefits as and when the liability arises.

NOTE NO. 4

a. Figures are rounded off to nearest rupees.

b. In the opinion of the Management current assets, advances are approximately of the value stated, if realized, in the ordinary course of business, except otherwise stated.

c. Previous year figures have been regrouped or rearranged wherever necessary.

---

Mar 31, 2010

A. Previous year figures have been regrouped or rearranged wherever necessary.

b. Figures are rounded of to nearest rupees.

c. In the opinion of the Management current assets, advances are approximately of the value stated if realized in the ordinary course of business except otherwise stated.

d. Related Party Disclosure :(As Identified By Management) List of Related Parties

01. Major Shareholder having control over the company Awaita Properties Pvt. Ltd.

02. Key Management Personal Hemendra Singh (Whole-time Director)

03. Companies under Common Control Awaita Properties Pvt. Ltd.

f. Directors Remuneration :- No remuneration has been paid to any of the Directors.

g. Foreign Currency Transactions :- There is no income or expenditure in foreign currency during the year.

h. The Company doses not have on its records any intimation from suppliers regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure, if any relating to amounts unpaid at the year and together with interest paid /payable as required under the said act have not been furnished.

j. Management has policy of making provision of leave encashment on accrual basis as per AS 15 regarding Retirement benfits.

k. As there is no element creating temporary difference in liability of tax as per Income tax Act, 1961 and as per Companies Act, 1956, the Deferred Tax calculation as per AS 22 Accounting for Taxes on Income is not applicable.

CALENDAR OF EVENTS

Sr. No Particulars Date

1 Date on which Consent given by the scrutinizer to act as a Scrutinizer 20/05/2010

2 Date of Board Resolution authorizing Whole Time Director, and Company Secretary to be 20/05/2010 responsible for the entire Postal Ballot process

3. Date of Appointment of Scrutinizer. 20/05/2010

4. Filing of intimation of the Board resolution and Calendar of events for conducting postal 26/05/2010 ballot to the registrar of companies

5. Date of dispatch of notice of meeting in which the business as Notified will be transacted 12/06/2010 through postal ballot.

6. Date of Completion of dispatch of notice along with postal ballot 15/06/2010

7. Publication of notice in newspaper for postal ballot process and appointment of scrutinizer 17/06/2010 and Compliance Officer

8. Last date for receiving postal ballot paper by scrutinizer 16/07/2010

9. Date of declaration of the result 21/07/2010

10. Date of signing of the minutes in which the result of postal ballot is recorded. 26/07/2010

11. Date of handing over the postal ballot papers, register required to be maintained by the 26/07/2010 scrutinizer and other related papers to the Chairman by the scrutinizer.