Notes to Accounts of Navigant Corporate Advisors Ltd.

Mar 31, 2024

12. Contingent Liabilities & Provisions

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 obligation can be made.

Contingent Liability is disclosed for

a) Possible obligation which will be confirmed only by future events not wholly within the control of the company or

b) Present obligations arising from the 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.

c) Contingent Assets are not recognized in the financial statements since this may result in the recognition of income that
may never be realized.

1. Contingent liabilities

There are no Contingent Liabilities during the reported period.

2. Dues to Micro enterprises and Small enterprises:

Under the Micro, Small and Medium Enterprise Development Act, 2006 certain disclosure is required to be made related to
micro, small and medium enterprise. The company has not received any information from its creditors identifying themselves
as MSME.

3. Segment Reporting

The company operates only in one reportable business segment namely consultancy services. Hence there are no reportable
segments under Accounting Standard -17. The conditions prevailing in India being uniform no separate geographical
disclosures are considered necessary.

4. In the opinion of the Board, subject to the debts considered doubtful, Current Assets and Loans and Advances have a value
on realization in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

Notes:

• Mr. Vikas Chhangani has been appointed as Executive Director w.e.f. January 31, 2024. Transactions executed between
Company & Mr. Vikas Chhangani / relatives of Mr. Vikas Chhangani before January 31, 2024 are not covered under
related party transactions.

• Mrs. Dipali Nikunj Kanabar has been appointed as Independent Director w.e.f. January 31, 2024. Transactions executed
between Company & Mrs. Dipali Nikunj Kanabar / relatives of Mrs. Dipali Nikunj Kanabar before January 31, 2024 are
not covered under related party transactions.

8. Other Statutory Information:

(i) The Company does not have any Benami property. No proceeding has been initiated or pending against the Company
for holding any Benami property.

(ii) The Company has not advanced to or loaned to or invested funds in any other person(s) or entity(ies), including foreign
entities (Intermediaries) with the understanding that such 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.

(iii) 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.

(iv) 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)

(v) The Company has not been declared as a wilful defaulter as prescribed by Reserve Bank of India.

(vi) The Company has not invested in any crypto or virtual currency.

(vii) The Company has not given any loan to Director or KMP.

(viii) During the year The Company has not received Share Application money or increase in Share Capital.

(ix) The Company do not have any Borrowing from Bank & Financial Institutions.

(x) Registration of charges or satisfaction with Registrar of Companies (ROC): Nil

(xi) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the
Companies (Restriction on number of Layers) Rules, 2017.

(xii) There is no Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of
the Companies Act, 2013

(xiii) Grants or donations received: Nil

(xiv) The Company is not covered under section 135 of the Companies Act.

9. Relationship with Struck off Companies:

During the year, the Company had no transactions with a company which was struck off under Section 248 of the Companies

Act, 2013 or Section 560 of Companies Act, 1956.

As per our report of even date

For M/s. Ramanand & Associates For and on behalf of Board of Directors

Chartered Accountants

Firm Registration No.117776W

Sd/- Sd/- Sd/-

CA Ramanand G. Gupta Sarthak Vijlani Vikas Chhangani

Partner Managing Director Executive Director

Membership no. 103975 DIN: 05174824 DIN: 10482940

Place: Mumbai
Date: 08.05.2024