Notes to Accounts of Rajputana Investment & Finance Ltd.

Mar 31, 2025

1.10 Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when
there is a present obligation as a result of past events, and it is probable that there will be an
outflow of resources. Provisions are not recognized for future operating losses. Provisions are
measured at the present value of the management’s best estimate of the expenditure required
to settle the present obligation at the end of the reporting period. The discount rate used to
determine the present value is a pretax rate that reflects current market assessments of the
time value of money and the risks specific to the liability. The increase in the provision due to
the passage of time is recognized as an interest expense.

Contingent Liabilities are not recognized but are disclosed in respect of possible obligations
that arise from past events but their existence will be confirmed by the occurrence or non¬
occurrence of one or more uncertain future events not wholly within the control of the
Company or where any present obligation cannot be measured in terms of future outflow of
resources or where a reliable estimate of the obligation cannot be made. Contingent Assets
are neither recognized nor disclosed in the financial statements.

1.11 Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for
the effects of transactions of a non-cash nature, any deferrals or accruals or accruals of past &
future operating cash receipts or payments and item of income or expenses associated with
investing and financing cash flows. The cash flows from operating, investing and financing
activities of the Company are segregated.

1.12 Cash & Cash Equivalents

For the purpose of presentation of cash flows, cash and cash equivalents includes cash on
hand, bank overdraft, deposits held at call with financial institutions, other short-term highly
liquid investments with original maturities of three months or less that are readily convertible
to known amounts of cash and which are subject to an insignificant risk of changes in value.

1.13 Borrowing Cost

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are
capitalized as part of the cost of such assets. A qualifying asset is one that takes necessarily
substantial period of time to get ready for its intended use. All other borrowing costs are
charged to the Statement of Profit and Loss.

1.14 Property, Plant & Equipment and Intangible Assets & Depreciation

Fixed Assets are stated at Cost less accumulated depreciation. The Company has capitalized
all cost relating to the acquisition and installation of Fixed Assets.

Depreciation is provided on Fixed Assets on Written down value Method on the basis of
Useful Life as prescribed under Part C of Schedule - II of the Companies Act, 2013.

Cost of the fixed assets not ready for their intended use at the Balance Sheet date together
with all related expenses are shown as Capital Work-in-Progress.

1.15 Inventory

Inventories are valued at the lower of cost and net realizable value item wise. Cost includes
indirect cost also.Net realizable value is the estimated selling price in the ordinary course of
business, less estimated costs of completion and the estimated costs necessary to make the
sale. Inventory obsolescence is based on assessment of the future uses. Obsolete and slow
moving items are subjected to continuous technical monitoring and are valued at lower of
cost and estimated net realizable value. When Inventories are sold, the carrying amount of
those items are recognized as expenses in the period in which the related revenue is
recognized.

1.16 Segment Reporting

A. Business Segments:

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment
Reporting issued by ICAI, the Company has only one reportable Business Segment.

Accordingly, the figures appearing in these financial statements relate to the Company''s
single Business Segment.

B. Geographical Segments:

The Company activities / operations are confined to India and as such there is only one
geographical segment. Accordingly, the figures appearing in these financial statements relate
to the Company''s single geographical segment.

1.17 Recognition of Income & Expenditure

Income and expenditure is recognized and accounted for on accrual basis. Revenue is
recognized to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue from sale of goods is
recognized on transfer of significant risks and rewards of ownership to the customer and
when no significant uncertainty exists regarding realization of the consideration. Sales are
recorded net of sales returns, cash and trade discounts. Interest income from debt instruments
is recognized using the effective interest rate method. Dividends are recognized in the
Statement of Profit and Loss only when the right to receive payment is established.

During the financial year, the Company paid a total remuneration of ?13.37 lakhs to
Mr.JijinChanayilSurendran, Managing Director, including salary, incentives, and sitting fees.

As per the provisions of Section 197(1) of the Companies Act, 2013, where a company has
profits, the total managerial remuneration payable to a managing director shall not exceed 5%
of the net profits of the company for that financial year. The remuneration paid to the
Managing Director exceeds the above statutory limit. In accordance with the provisions of
Section 197(1) read with Schedule V to the Companies Act, 2013, such excess remuneration
is permissible provided it is approved by the shareholders through a special resolution. The
Company has obtained such approval by passing a special resolution at the adjourned Annual

NOTE 28.DISCLOSUREOF TRANSACTIONS WITH STRUCK OFFCOMPANIES

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

Note 29:EVENTS AFTER REPORTING DATE

Therehavebeennoeventsafterthereportingdatethatrequiredisclosureinthesefinancialstatements
Note 30: PREVIOUSYEAR FIGURES

Previous year figures havebeenregrouped/reclassified, wherenecessary,toconform
currentyear''sclassification.

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Mar 31, 2024

NON CONVERATBALE DEBENTURES The company has made an investment of 20,000 Unsecured Redeemable Nonconvertible Debentures of Rs.1000/- each at par of the aggregate nominal of Rs 2,00,00,000/- in Vanchinad Finance Private Limited [NCD0121000023] for a period of 10 years at an interest rate of 15%, pursuant to the powers vested in the company and the Board of Directors as per the provisions of the companies Act, 2013 and the memorandum & Articles of Association of the Company on private placement.

Consequent to the qualification made by the auditor in the audit report of the company in the FY 2022-23,the board has obtained approval by way of a special resolution No.4 dated 10-08- 2023 on the general meeting in order to comply with Sec.186 of the Companies Act 2013.

11.4 TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

_a The Company has only one class of equity share having par value of Rs 10 / per share . Each holder of Equity share is

entitled to one vote per share In the event of liquidation of the company, the holder of equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts. The Distribution will be in proportion to the number of equity share held by the shareholders.

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Mar 31, 2013

1. There has been no change/movements in numbers of shares outstanding at the beginning and at the end of the reporting period.

2. The Company has only one class of issued shares, i.e. Equity Shares having face value of Rs.10/- per share. Each holder of Equity Shares is entitled to one vote per share and equal right for dividend. The dividend, if any, proposed by the Board of Directors is subject to the approval of shareholders in the relevant Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after payment of all preferential amounts, in proportion to their shareholdings.

3. The Company does not have any Holding Company / ultimate Holding Company.

4. No Equity Shares have been reserved for issue under options and contracts/commitments for the sale of shares/disinvestment as at the Balance Sheet date.

5. The Company has not allotted any shares as fully paid up pursuant to contract(s) without payment being received in cash within a period of 5 years preceding the date as at which the Balance Sheet is prepared.

6. The Company has not allotted any shares as fully paid up by way of bonus shares within a period of 5 years preceding the date as at which the Balance Sheet is prepared.

7. The Company has not bought back any shares within a period of 5 years preceding the date as at which the Balance Sheet is prepared.

8. No securities convertible into Equity/Preference Shares have been issued by the Company during the year.

9. No calls are unpaid by any Director or Officer of the Company.

10. No shares have been forefeited by the Company,

For 2012-13 For 2011-12 Rs. Rs.

11. Contingent Liabilities not provided for in books of accounts NIL NIL

12. Estimated amount of Capital Contracts remaining outstanding (net of advances) NIL NIL

13. Since there is no Trading / Manufacturing activities, there is no information relevant to Trading / Manufacturing.

14. Since there are no employees, no provision for gratuity is required to be made.

15. There is no earning, expenditure and/or import involving foreign currency.

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Mar 31, 2012

A. Contingent Liabilities not provided for in books of NIL NIL accounts

B. Estimated amount of Capital Contracts remaining

outstanding (net of advances) NIL NIL

C. Since there Is no Trading / Manufacturing activities, there is no information relevant to Trading / Manufacturing,

D. SIGNIFICANT ACCOUNTING POLICIES :

a) These accounts are prepared on historical cost concept and on the basis of accounting principles of

a going concern.

b) Accounting Policies unless specifically stated to be otherwise, are consistent and are in consonance with generally accepted accounting principles.

c) The Company does not have any Fixed Assets, hence the policy in respect thereof shall be formulated as and when the need arises.

d) Since the Company does not have any Fixed Aseets, the policy in respect of Depreciation will be formulated as and when the need arises.

e) Revenue recognition is on accrual basis unless otherwise stated.

f) Long Term Investments are stated at cost. Provision for diminution, other than temporary, in value of such investments determined for each investment individually is being made separately, g) Policy in respect of inventories shall be formulated as and when the need arises.

E. Since there are no employees, no provision for gratuity is required to be made.

F. There is no earning, expenditure and/or import involving foreign currency.

G. Earning per Share :

PARTICULARS For2011-12 For2010-11

(a) Weighted Number of Equity Shares 100000 100000

(b) Profit / (Loss) after Tax (Rs.) 1,09,252 (20,004)

(d) Basic & Diluted Earning / (Loss) per 1.09 (0.20) Equity Share (Rs.)

(e) Face Value per Equity Share (Rs.) 10 10

H. Reserve Fund as shown in the Balance Sheet represents reserve created in accordance with the provisions of Section 45-1C of the Reserve Bank of India Act, 1934.

I. There are no related party transactions to be reported as per Accounting Standard 18.

J. The financial statements for the year ended March 31, 2011 had been prepared as per the then applicable, pre- revised Schedule VI to the Companies Act, 1956. Consequent to the Notification of Revised Schedule VI under the Companies Ad, 1956, the financial statements for the year ended March 31,2012 are prepared as per Revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's classification. The adoption of Revised Schedule VI for previous year figures does not impact recognition and measurement.

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Mar 31, 2011

1 There are no Contingent Liabilities which have not been provided for in books of accounts.

2 Since the activities of the Company are not trading and/or manufacturing, there is no quantitative information.

3 There is no earning, expenditure and/or import involving foreign currency.

4. Reserve Fund as shown in the Balance Sheet represents reserve created in accordance with the provisions of Section

5. to be reported as per Accounting Standard 18 issued by the Institute of Chartered Accountants of India.

6 Figures relating to previous year has been re-arranged/re-grouped whereever necessary.

7. Scheduies "A" to "E" are annexed to and form pad of Balance Sheet as at 31st March, 2011 and the Profit and Loss Account for the year ended on that date.