Notes to Accounts of Prism Medico and Pharmacy Ltd.

Mar 31, 2024

B. NOTES ON ACCOUNTS:

1. Previous year figure have been re-grouped / re-arranged / re-caste wherever considered necessary, to suit the current year''s layout as per the performa of Revised Schedule III of IND AS.

2. In the opinion of the Board, the current assets, loans & advances have a value on realisation in the ordinary course of business atleast equal to the amount at which they are stated in the balance sheet and that the provision for known liabilities are adequate and not in excess of amount reasonably necessary.

3. EPS CALCULATION Basic earnings per share

Basic earnings per share is calculated by dividing (A) the profit/(loss) attributable to owners of the company (B) by the weighted average number of equity shares outstanding during the financial year, adjusted for bonus elements in equity shares issued during the year

Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account:

(a) the after income tax effect of interest and other financing costs associated with dilutive potential equity shares; and

(b) the weighted average number of additional equity shares that would have been outstanding assuming the conversion of all dilutive potential equity years.

5. Related Party disclosures are required under the Accounting standard (IAS-24) on "Related Party Disclosures" issued are given below:

a.) Relationship

i) Holding Company : NONE

ii) Key Management Personnel (Managing / Whole Time Director)

Sakshi Laller (Whole time Director)

Vishwambhar Dayal Gupta (Director)

Bharat Singh (CFO)

iii) Entities over which key management personnel / their Relatives are able to exercise significant influence

a) Ovation Remedies

b) Galaxy Pharmaceuticals Limited, Kenya

18. Others

Three bank accounts namely ICICI bank Mumbai with balance Rs 4,000/-, Union Bank of India balance Rs. 2,02,809.89/- and Bank A/C Mumbai balance Rs. 7,270/- as appearing in books of accounts on 31.03.2024 have become in-operative and balance of same cannot be confirmed

19. Rounding of has been done to nearest Lacs.

20. Disclosure of Transactions with Struck off Company

The company did not have any material transaction with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956 during the financial year.

21. Additional Regulatory Disclosures

No transaction to report against the following disclosures as notified by MCA Pursuant to amendment in Schedule III:

(a) Crypto Currency or virtual Currency;

(b) Benami Property held under Prohibition of Benami Transactions Act , 1988 and rules made there under;

(c) Registration of charges or satisfaction with Registrar of Companies;

(d) Compliance with number of layers of companies;

(e) Relating to Borrowed funds

(i) Wilful Defaulter;

(ii) Utilization of borrowed funds and share premium;

(iii) Borrowings obtained on the basis of security of current assets;

(iv) Discrepancy in utilization of borrowings;

(v) Current maturity of long term borrowings.

(f) Title deeds of immovable properties.

AUDITOR''S REPORT

FOR AND ON BEHALF OF THE BOARD

As per our report of even date

Sakshi Laller Vishwambhar Dayal Gupta For HARJEET PARVESH & CO.

DIRECTOR DIRECTOR CHARTERED ACCOUNTANTS

DIN:10163397 DIN:00152580 FRN:017437N

Sameer Gupta Bharat Singh

COMPANY SECRETARY CFO

Date: 29.05.2024 CA Konica Madan (Partner)

Place: Mohali M. No.: 547759

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Mar 31, 2016

1. Contingent Liabilities:

2. Claims against the company not acknowledged as debts Nil Previous Year Nil

3. Guarantees to Banks and Financial institutions against credit facilities extended to third parties Nil Previous Year Nil

4. Other money for which the company is contingently liable Nil Previous Year Nil B) Commitments :

5. Uncalled liability on partly paid up shares- Nil Previous Year (Nil)

6. Estimated amount of contracts remaining to be executed on capital accounts- NIL. Previous Year (Nil)

7. Other Commitments Nil Previous Year Nil

8. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.

9. In the opinion of Board of directors, Current Assets, 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.

10. CIF value of Imports: NIL Previous Year (Nil)

11. Earning & Expenditure in Foreign Currency: NIL Previous Year (Nil)

12. Amount due to / from the parties are subject to confirmation.

13. Applying the principles of Accounting Standard - 22 net Deferred Tax assets has emerged. However in the absence of reasonable certainty and convincing evidence of the future taxable income, the same has not been recognized in the accounts

14. The trading of the shares of the company at Bombay Stock Exchange has been suspended with effect from August 21,2015

15. Related Party Disclosure:

As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Company''s related parties and transactions are disclosed below:

16. Name of related parties and description of relationship:

17. Key Management Personal:

18. Mr. Sachin Sharma

19. Transaction entered during the year with related party. NIL

20.. As per information available with the company, no amount is due to any Undertaking/ Enterprise covered under the Micro, Small and Medium Enterprise Development Act, 2006.

21.. The co does not have more than one segment in line with the accounting standards (AS-17) - Segment Reporting issued by the institute of Chartered Accountant of the India.

22. The figures of the previous years have been regrouped and rearranged wherever it is considered necessary.

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Mar 31, 2014

1. A) Contingent Liabilities:

a) Claims against the company not acknowledged as debts Nil Previous Year Nil

b) Guarantees to Banks and Financial institutions against credit Nil Previous Year Nil facilities extended to third parties

c) Other money for which the company is contingently liable Nil Previous Year Nil

B) Commitments :

i) Uncalled liability on partly paid up shares- Nil Previous Year (Nil)

ii) Estimated amount of contracts remaining to be executed on Nil Previous Year (Nil) capital accounts-

iii) Other Commitments Nil Previous Year Nil

2. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.

3. In the opinion of Board of directors, Current Assets, 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.

4. None of the employees was in receipt of annual remuneration as prescribed under the provision of Section 217(2A) of the Companies Act, 1956.

5. Applying the principles of Accounting Standard - 22 net Deferred Tax assets has emerged. However in the absence of reasonable certainty and convincing evidence of the future taxable income, the same has not been recognized in the accounts

6. Related Party Disclosure:

As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Company''s related parties and transactions are disclosed below:

(A) Name of related parties and description of relationship:

(1) Key Management Personal:

a) Mr. Praneet Gautam

b) Mr. Venkatraman Chandrashekhar

(B) Transaction entered during the year with related party. NIL

7. As per information available with the company, no amount is due to any Undertaking/ Enterprise covered under the Micro, Small and Medium Enterprise Development Act, 2006.

8. The Company does not have more than one segment in line with the Accounting Standards (AS-17) - Segment Reporting issued by the institute of Chartered Accountant of the India.

9. The figures of the previous years have been regrouped and rearranged wherever it is considered necessary.

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Mar 31, 2013

1. A) Contingent Liabilities:

a) Claims against the company not acknowledged as debts Nil Previous Year Nil

b) Guarantees to Banks and Financial institutions against credit facilities extended to third parties Nil Previous Year Nil

c) Other money for which the company is contingently liable Nil Previous Year Nil

B) Commitments :

i) Uncalled liability on partly paid up shares- Nil Previous Year (Nil)

ii) Estimated amount of contracts remaining to be executed on capital accounts- Nil Previous Year (Nil)

iii) Other Commitments Nil Previous Year Nil

2. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.

3. In the opinion of Board of directors, Current Assets, 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.

4. None of the employees was in receipt of annual remuneration as prescribed under the provision of Section 217(2A) of the Companies Act, 1956.

5. The activities of the company do not involve conservation of energy or absorption of technology.

6. Amount due to / from the parties are subject to confirmation.

7. Applying the principles of Accounting Standard – 22 Net Deferred Tax assets has emerged. However in the absence of reasonable certainty and convincing evidence of the future taxable income, the same has not been recognized in the accounts

8. Related Party Disclosure:

As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Company''s related parties and transactions are disclosed below:

(A) Name of related parties and description of relationship:

(1) Key Management Personal:

a) Dr. Anand Dubey

b) Mr. Virendra N. Lal Jain

9. As per information available with the Company, no amount is due to any Undertaking/ Enterprise covered under the Micro, Small and Medium Enterprise Development Act, 2006.

10. The Company does not have more than one segment in line with the accounting standards (AS-17) – Segment Reporting issued by the institute of Chartered Accountant of the India.

11. The figures of the previous years have been regrouped and rearranged wherever it is considered necessary.

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Mar 31, 2012

1. A) Contingent Liabilities:

i) Claims against the company not acknowledged as debts NIL Previous Year Nil

ii) Guarantees to Banks and Financial institutions NIL Previous Year Nil against credit facilities extended to third parties

iii) Other money for which the company is contingently NIL Previous Year (Nil) liable

B) Commitments :

i) Uncalled liability on NIL Previous Year (Nil) partly paid up shares

ii) Estimated amount of contracts remaining NIL Previous Year Nil to be executed on capital accounts-

iii) Other Commitments

2. In the opinion of Board of Directors & best of their knowledge & belief the provisions of all known liabilities are adequate.

3. In the opinion of Board of directors, Current Assets, 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.

4. None of the employees was in receipt of annual remuneration as prescribed under the provision of Section 217(2A) of the Companies Act, 1956.

5. CIF value of Imports: NIL Previous Year (Nil)

6. Earning & Expenditure in Foreign Currency: NIL Previous Year (Nil)

7. Amount due to/from the parties are subject to confirmation.

8. Applying the principles of Accounting Standard – 22 net Deferred Tax assets has emerged. However in the absence of reasonable certainty and convincing evidence of the future taxable income, the same has not been recognized in the accounts.

9. Related Party Disclosure:

As per Accounting Standard-18 issued by the Institute of Chartered Accountants of India, the Company's related parties and transactions are disclosed below:

(A) Name of related parties and description of relationship:

(1) Key Management Personal: a) Mr. Anil Dubey

b) Mr. Virendra N. Lal Jain

(B) Transaction entered during the year with related party. NIL

10. As per information available with the company, no amount is due to any Undertaking/Enterprise covered under the Micro, Small and Medium Enterprise Development Act, 2006.

11. The company does not have more than one segment in line with the accounting standards (AS-17) – Segment Reporting issued by the institute of Chartered Accountant of the India.

12. The figures of the previous years have been regrouped and rearranged wherever it is considered necessary.

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Mar 31, 2010

1. The Company is predominantly engaged in the business of investments, shares trading and financial activities and is a single segment company.

2. Related Party Disclosure

As per accounting standard 18 issued by the Institute of Chartered Accountants of India, the Companys related parties and transactions are disclosed below:

A. Name of the related parties and description of relationship: Key Management Personnel

Mr.Umesh Chamdia Mr.Praful Hande

B. Disclosure of Related Parties Transactions: Nil

3. As per information available with company, no amount is due to any undertakings Enterprises covered under the Micro, Small and Medium Enterprise Development act 2006.

4. i) Previous Year Figures have been re-arranged and regrouped wherever found necessary. ii) Previous year figures above are mentioned in the bracket.

5 Information pursuant to part IV of schedule VI to the Company act, 1956.

V. Generic name of three Products/Services of Company (as per monetary terms)

Financing and Dealing in the Shares & Securities