Notes to Accounts of Vibrant Global Capital Ltd.

Mar 31, 2024

3.10 Provisions and contingent liabilities

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. The Company also discloses present obligations for which a reliable estimate cannot be made. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

3.11 Retirement and other employee benefits

(i) Gratuity

The Company''s liability towards gratuity scheme is determined by independent actuaries, using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of the reporting period on government bonds that have terms approximating to the terms of the related obligation. Past services are recognised at the earlier of the plan amendment / curtailment and recognition of related restructuring costs/ termination benefits.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included in employee benefit expense in the Statement of profit and loss. Remeasurement gains/losses

Remeasurement of defined benefit plans, comprising of actuarial gains / losses, return on plan assets excluding interest income are recognised immediately in the balance sheet with corresponding debit or credit to Other Comprehensive Income (OCI). Remeasurements are not reclassified to Statement of profit and loss in the subsequent period.

Remeasurement gains or losses on long-term compensated absences that are classified as other long-term benefits are recognised in statement of profit and loss.

(ii) Provident fund/ ESIC

Company''s contribution paid/payable during the year to provident fund and ESIC is recognised in the statement of profit and loss account.

(iii) Compensated absences

The Company provides for the encashment / availment of leave with pay subject to certain rules. The employees are entitled to accumulate leave subject to certain limits for future encashment / availment. The liability is provided based on the number of days of unutilized leave at each balance sheet date on the basis of an independent actuarial valuation.

3.12 Leases

The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception of the lease. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of a specific asset or assets and the arrangement conveys a right to use the asset or assets, even if that right is not explicitly specified in an arrangement.

Company acting as a lessee

A lease is classified at the inception date as a finance lease or an operating lease. A lease that transfers substantially all the risks and rewards incidental to ownership to the Company is classified as a finance lease. All other leases are classified as operating leases. Basis the above principle, all leases entered into by the Company as a lessee have been classified as operating leases.Lease payments under an operating lease is recognised on an accrual basis in the Statement of Profit and Loss.

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3.13 Fair value measurement

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The Company measures its qualifying financial instruments at fair value on each Balance Sheet date.

Fair value is the price that would be received against sale of an asset or paid to transfer a liability in an orderly transaction

between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place in the accessible principal market or the most advantageous accessible market as applicable.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy into Level I, Level II and Level III based on the lowest level input that is significant to the fair value measurement as a whole.

For assets and liabilities that are fair valued in the financial statements on a recurring basis, the Company determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy.

3.14 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. Earnings considered in ascertaining the Company''s earnings per share is the net profit for the period after deducting preference dividends and any attributable tax thereto for the period. The weighted average number of equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, sub-division of shares etc. that have changed the number of equity shares outstanding, without a corresponding change in resources.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders is divided by the weighted average number of equity shares outstanding during the period, considered for deriving basic earnings per share and weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares.

3.15 Segment Reporting

In accordance with Para 4 of notified Indian Accounting Standard 108 (Ind-AS-108) "Operating Segments" the Company has disclosed segment information only in consolidated financial statements which are presented together with the Standalone financials statements.

3.16 Dividend paid

Final dividend on shares are recorded as a liability on the date of approval by the stakeholders and interim dividends are recorded as a liability on the date of declaration by the Company''s Board of Directors.

NOTE 4: RECENT ACCOUNTING DEVELOPMENTS

The Ministry of Corporate Affairs (MCA) notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards) Rules as issued from time to time. For the year ended 31^st March, 2024, MCA has not notified any new standards or amendments to the existing standards applicable to the company.

NOTE 29: EMPLOYEE BENEFIT OBLIGATIONS (i) Post-employment obligations a) Gratuity

The Company operate a defined benefit plan viz. namely gratuity for its employees. Under the gratuity plan, every employee who has completed at least 5 years of service gets a gratuity on departure @ 15 days (minimum) of the last drawn salary for each year of service. The scheme is unfunded.

The following tables summarized the components of net benefit expense recognized in the statement of profit and loss, other comprehensive income, and the funded status and amount recognized in the balance sheet.

The amounts recognized in the balance sheet and the movements in the net defined benefit obligation over the year are as follows:

Note 30: capital management

The Company''s policy is to maintain a strong capital base so as to maintain investor, creditor and market confidence and to sustain future development of the business. Company is a Non Banking Financial Company categorised as "Non - systematically Important Non Deposit Taking Company". It adhers to all prudent norms to sustain its financial robustness. The Company has adequate cash and bank balances. The company monitors its capital by a careful scrutiny of the cash and bank balances, and a regular assessment of any debt requirements.

The Company monitors capital using gearing ratio, which is net debt divided by total capital plus net debt.

NOTE 32: SEGMENT INFORMATION

The Company has identified ''Investing and lending'', as its only primary reportable segment. The Board of Directors of the Company have been identified as the Chief Operating Decision Maker (CODM) as defined under Ind AS 108. CODM reviews overall financial information of the Company together for performance evaluation and allocation of resources and does not review any discrete information to evaluate performance of any individual product of geography.

In accordance with paragraph 4 of Ind AS 108 "Operating Segments" the Company has presented segment, information only in the Consolidated financial statements.

NOTE 33: FAIR VALUES

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e., an exit price),regardless of whether that price is directly observable or estimated using a valuation technique.In order to show how fair values have been derived, financial instruments are classified based on a hierarchy of valuation techniques.

Valuation framework

The Company''s valuation framework includes:

(i) Benchmarking prices against observable market prices or other independent sources.

(ii) Development and validation of fair valuation models using model logic, inputs, outputs and adjustments.

These valuation models are subject to a process of due diligence and validation before they become operational and are continuously calibrated. These models are subject to approvals by various functions including risk, treasury and finance functions. Finance function is responsible for establishing procedures, governing valuation and ensuring fair values are in compliance with accounting standards.

Valuation methodologies adopted

1. The Company has not disclosed the fair values of financial instruments such as cash and cash equivalents, bank balances,other than cash and cash equivalents, trade receivables, other financial assets , trade payables, Investment in equity instrument and Preference shares of subsidiary & associates and other financial liabilities because their carrying amounts are a reasonable approximation of fair value. Further, for financial assets, the Company has taken into consideration the allowances for expected credit losses and adjusted the carrying values where applicable.

2. The fair values of the quoted investments/ units of mutual fund schemes are based on market price/ net asset value at the reporting date.

3. The fair values for loans given are calculated based on discounted cash flows using current lending rates and individual credit worthiness of the counterparty. Based on this evaluation, allowances are taken to account for expected losses of these receivables. Accordingly, fair value of such instruments are not materially different from their carrying values. They are classified as level 2 fair values in the fair value hierarchy.

4. Fair values of the Company''s interest-bearing borrowings are determined by using discounted cash flow method using the current borrowing rates. Fair value of such instruments are not materially different from their carrying values, accordingly non-current borrowings are classified as level 2 fair values in the fair value hierarchy. The own non-performance risk as at March 31, 2023 was assessed to be insignificant.

Fair value hierarchy

The Company determines fair values of its financial instruments according to the following hierarchy:

Level 1: This hierarchy uses quoted (unadjusted) prices in active markets for identical assets or liabilities.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on Company specific estimates.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in Level 3.

NOTE 34: FINANCIAL RISK MANAGEMENT Risk Management

The Company''s principal financial liabilities comprise borrowings and trade and other payables. The main purpose of these financial liabilities is to finance and support the company''s operations. The Company''s principal financial assets include investments, cash and cash equivalents and other receivables that are derived directly from its operations. As an Non Banking Financial Company categorised as "Non- Systematicalyy Important Non Deposit taking Company", the Company is exposed to various risks that are related to Investment business and operating environment. The principal objective in Company ''s risk management processes is to measure and monitor the various risks that Company is subject to and to follow policies and procedures to address such risks.

The Company is exposed to market risk and liquidity risk. The Company''s senior management oversees the management of these risks. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below.

a) Market Risk

Market Risk is the risk that the fair value or the future cash flows of a financial instrument will fluctuate because of changes in market factor. Such changes in the values of financial instruments may result from changes in the interest rate, stock prices, liquidity, and other market changes. The objective of market risk management is to avoid excessive exposure of company''s earnings and equity to loss and reduce its exposure to the volatility inherent in financial instruments. The Company is exposed to Price risk under market risk as follows:

Price risk

The Company''s securities investments carry a risk of change in prices arising from uncertainties about future values of the invested securities. To manage its price risk arising from investments in these securities, through diversification by periodically monitoring the sectors it has invested in, performance of the investee companies, measures mark- to- market gains/losses and reviews the same on a continuous basis.

The impact of increases/ decreases of the BSE/ NSE index on the Company''s equity shares and gain/ loss for the period would be as depicted in above table. The analysis is based on the assumption that the index has increased by 1% or decreased by 1% with all other variables held constant, and that all the Company''s investments having price risk moved in line with the index.

b) Liquidity Risk

Liquidity risk is the risk that the entity may encounter in the form of difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The entity''s approach towards managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the entity''s reputation.

Prudent liquidity risk management requires sufficient cash and marketable securities and availability of funds through adequate committed credit facilities to meet obligations when due and to close out market positions.

The Company takes a view of maintaining liquidity with minimal risks while making investments. The Company invests its surplus funds in short term liquid assets in the form of bank deposits and liquid mutual funds. The Company monitors its cash and bank balances periodically with a view to meet its short term obligations associated with its financial liabilities.

NOTE 37 - ADVANCE FOR ACQUISITION OF PROPERTY

Long term loans and advances includes INR 58 lakhs being part payment made for purchase of property. As reported in earlier years, the company has filed a suit in the High Court of Judicature at Mumbai for specific performance of this agreement for purchase.

NOTE 38 - OTHER STATUTORY INFORMATION

Following are the additional disclosures required as per Schedule III to the Companies Act, 2013 vide Notification dated March 24, 2021:

a. Details of Benami Property held:

There are no proceedings which have been initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

b. Willful Defaulter:

The Company has not been declared as Willful Defaulter by any Bank or Financial Institution or other lender.

c. Compliance with number of layers of companies:

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

Act read with Companies (Restriction on number of Layers) Rules, 2017.

d. Registration of charges and satisfaction of charges :

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

e. Utilisation of Borrowed funds and share premium:

(i) The Company have not advanced or given loan 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.

(ii) The Company have 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 company (Ultimate Beneficiaries) or

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

f. Undisclosed Income

The Company does not have any transactions 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). Also, there are NIL previously unrecorded income and related assets.

g. Details of Crypto Currency or Virtual Currency:

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

h. Capital work in progress (CWIP) and Intangible asset:

The Company does not have any CWIP and Intangible asset under development.

i. The Company has not revalued its Property, Plant and Equipment during the year as well as in previous year.

As per our report of even date attached For and on behalf of the Board of Directors of

Agrawal & Kedia Vibrant Global Capital Limited

Chartered Accountants Firm''s Registration Number: 100114W

Sd/- Sd/- Sd/- Sd/-

Ravi Agrawal Vinod Garg Vaibhav Garg Jalpesh Darji

Partner Managing Director CFO Company Secretary

Membership No. 34492 DIN: 00152665 DIN: 02643884 Mem. No.: A35545

Place: Mumbai Date: 18^th May, 2024

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Mar 31, 2018

NOTE 1 A] BACKGROUND:

Vibrant Global Capital Limited (‘the Company’) is registered as a Non-Banking Financial Company (‘NBFC’) as defined under Section 45-IA of the Reserve Bank of India Act, 1934. The Company is principally engaged in lending and investing activities.

d) Terms and Rights attached to Equity Shares

i. The Company has only one class of Equity Shares having a par value of Rs.10 per share. Each holder of Equity Shares is entitled to one vote per share except Vibrant Global Infraproject Private Limited and Vibrant Global Trading Private Limited as the Company is holding company of these companies. As per the provisions of Section 19(1) of Companies Act,2013, these shareholders will not have voting rights at the meetings of Vibrant Global Capital Ltd.

ii. They are also entitled to dividend if proposed by the Board of Directors and approved by the shareholders in the ensuing Annual General Meeting except in case of interim dividend.

iii. In the event of liquidation, the equity shareholders are entitled to receive the remaining assets of the Company after distribution of all preferential amount, in proportion to their shareholding.

Secured Loans: The company has taken a short-term loan against shares from Bajaj Finserv Ltd. & an overdraft from HDFC Bank Ltd. against lien of Fixed Deposit amounting to Rs. 1,00,00,000/- which carries interest @ 6.5% p.a.& 5.5% p.a. respectively.

NOTE

All the above advances are towards normal NBFC business of the company and are utilised by borrowers for their short term business needs. These advances bear varied interest as per agreed terms between borrower and the company

NOTE 2. In the opinion of the Board Current Assets, Loans and Advances have a realisable value at an amount at which they are stated in the balance sheet, if realised in the ordinary course of business.

NOTE 3. The stock of shares is valued at lower of cost or net realisable value whichever is less. Cost is ascertained on FIFO basis.

NOTE 4. Investments in Shares includes the shares valuing Rs. 9,37,61,301 pledged with Bajaj Finserv Ltd as security against loan.

NOTE 5. Long term loans and advances includes Rs. 58,00,000 being part payment made for purchase of property. As reported in earlier years, the company has filed a suit in the High Court of Judicature at Mumbai for specific performance of this agreement for purchase.

NOTE 6. The Company has borrowed interest free loan from certain corporate entities. Opening balance of such borrowings is Rs.13,75,00,000 and after repayment of Rs. 4,75,00,000 closing balance of such loan is Rs.9,00,00,000.

NOTE 7. Previous year figures have been regrouped/rearranged wherever felt necessary to make them comparable with current year figures.

NOTE 8. RELATED PARTY DISCLOSURE-AS-18

According to the Accounting Standard 18 (Related Party Disclosure) issued by the Institute of Chartered Accountants of India, the disclosure of transactions with the related parties as defined in the Accounting Standard are given as per Annexure I attached.

Note 9. SEGMENT REPORTING - AS - 17

According to the Accounting Standard 17 (Segment Reporting) issued by the Institute of Chartered Accountants of India, the disclosure of reportable segments as defined in the Accounting Standard are given as per Annexure II attached.

DISCLOSURE REQUIREMENT AS PER AS-17 : SEGMENT REPO RTING

A. Segment information as per Accounting Standard - 17 on Segment Reporting :

Information provided in respect of revenue items for the year ended 31st March, 2018 and in respect of assets / liabilities as at 31st March, 2018.

i. Primary/ Secondary Segment Reporting Format:

The risk return profile of the Company''s business is determined predominantly by the nature of its product. Accordingly, the business segments constitute the Primary Segments for the disclosure of segment information.

ii. Reportable Segments:

Segments have been identified and reported taking into account the differing risks and returns, nature of the products, the organisational structure and the internal reporting system of the Company.

iii. Segment Composition:

Capital Market Segment includes trading and investment in Shares and Futures and Options.

Financing Activity includes business of lending activities

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Mar 31, 2016

1. Terms and Rights attached to Equity Shares

2. The Company has only one class of Equity Shares having a par value of Rs.10 per share. Each holder of Equity Shares is entitled to one vote per share except Vibrant Global Infraproject Pvt. Ltd and Vibrant Global Trading Pvt. Ltd. as the Company is holding company of these companies. As per the provisions of Section 19(1) of Companies Act,2013, these shareholders will not have voting rights at the meetings of Vibrant Global Capital Ltd.

3. They are also entitled to dividend if proposed by the Board of Directors and approved by the shareholders in the ensuing Annual General Meeting except in case of interim dividend, iii. In the event of liquidation the equity shareholders are entitled to receive the remaining assets of the Company after distribution of all preferential amount, in proportion to their share holding.

All the above advances are towards normal NBFC business of the company and are utilized by borrowers for their short term business needs. These advances bear varied interest as per agreed terms between borrower and the company except in case of Om Ispat having an outstanding advance of Rs. 35 lakhs on which no interest is charged.

4. In the opinion of the Board Current Assets, Loans and Advances have a realizable value at an amount at which they are stated in the balance sheet, if realized in the ordinary course of business. .

5. The stock of shares is valued at lower of cost or net realizable value whichever is less. Cost is ascertained on FIFO basis.

6.The Closing stock & Investments in Shares includes the shares valuing Rs.4,07,95,901/- deposited with the Broker Fortune Interfinance Ltd.as Security for Trading in Futures.

7.Earning Per Share (EPS):

EPS is calculated by dividing the profit attributable to the equity shareholders by the weighted average number of equity shares outstanding during the year. Calculation of Basic earnings per equity share is stated below:

8.Long term loans and advances includes Rs. 58 Lakhs being part payment made for purchase of property. As reported in earlier years, the company has filed a suit in the High Court of Judicature at Mumbai for specific performance of this agreement for purchase.

9.The Company has borrowed interest free loan from certain corporate entities. Opening balance of such borrowings is Rs. 25,81,72,407/- (including opening balance of Rs. 8,41,72,407 bearing interest till last year) and further accepted loan during the year is Rs. 28,53,00,000/-. Closing balance of such loan is Rs.14,75,00,000/-

10.The Company has granted interest free loan to certain corporate entities. Opening balance of such loan is Rs. 4,24,50,000/- and further grant of loan during the year Is Rs. 2,70,00,000/-, having no Closing balance. Similarly, the Company has also granted Interest free loan to certain non-corporate entities. Opening balance of such loan is Rs. 1,66,75,000/- and further grant of loan during the year is Rs. 65,00,000/-. Closing balance of such loan is Rs.35,00,000/-.

11.Previous year figures have been regrouped/rearranged wherever felt necessary to make them comparable with current year figures.

12.RELATED PARTY DISCLOSURE-AS-18

According to the Accounting Standard 18 (Related Party Disclosure) issued by the Institute of Chartered Accountants of India, the disclosure of transactions with the related parties as defined in the Accounting Standard are given as per Annexure I attached.

13.SEGMENT REPORTING - AS -17

According to the Accounting Standard 17 (Segment Reporting) issued by the Institute of Chartered Accountants of India, the disclosure of reportable segments as defined in the Accounting Standard are given as per Annexure II attached.

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Mar 31, 2015

NOTE 1 BACKGROUND:

Vibrant Global Capital Limited ('the Company') is registered as a Non-Banking Financial Company ('NBFC') as defined under Section 45-lA of the Reserve Bank of India Act, 1934. The Company is principally engaged in lending and investing activities. During the year, the company has made an initial public offer of 30 lakhs shares & the company has been listed in Bombay Stock Exchange (BSE)- SME Platform on 21st October 2014.

NOTE 2 CONTINGENT LIABILITIES

31.03.2015 31.03.2014

Contingent Liability NIL NIL

NOTE 3 SHARE CAPITAL

a) Terms and Rights attached to Equity Shares

i. The Company has only one class of Equity Shares having a par value of Rs.10 per share. Each holder of Equity Shares is entitled to one vote per share except Vibrant Global Infraproject Pvt. Ltd and Vibrant Global Trading Pvt. Ltd. as the Company is holding company of these companies. As per the provisions of Section 19(1) of Companies Act,2013, these shareholders will not have voting rights at the meetings of Vibrant Global Capital Ltd.

ii. They are also entitled to dividend if proposed by the Board of Directors and approved by the shareholders in the ensuing Annual General Meeting except in case of interim dividend.

iii. In the event of liquidation the equity shareholders are entitled to receive the remaining assets of the Company after distribution of all preferential amount, in proportion to their share holding.

NOTE 4 In the opinion of the Board Current Assets. Loans and Advances have a realisable value at an amount at which they are stated in the balance sheet, if realised in the ordinary course of business.

NOTE 5 The stock of shares is valued at lower of cost or net realisable value whichever is less. Cost is ascertained on FIFO basis.

NOTE 6 Initial Public Offer

i) During the year, the company has made an Initial Public Offer (IPO) through Book Building process of 3,000,000 numbers of Equity Shares @ Rs.10/- each. The equity shares have been priced and allotted at Rs.19/- per equity share. (Including Share premium at Rs.9/- per equity share) The company has raised Rs.5.70 crore out of the IPO. The equity shares offer to the public have been allotted on 17th October 2014 and have been listed in the Bombay Stock Exchange (BSE) - SME Platform on 21st October 2014. Accordingly issued and paid up share capital has increased from R5.19.91 crore to Rs.22.91 crore and an amount of Rs.2.28 crore (Net of Issue expenses of Rs.0.42 crore) has been credited to securities premium account. The proceeds of the issue (net of issue expenses) are being utilized for the purpose mentioned in the prospectus.

NOTE 7 Long term loans and advances includes Rs. 58 Lakhs being part payment made for purchase of property. The company has filed a suit in the High Court of Judicature at Mumbai for specific performance of this agreement for purchase.

NOTE 8 The Company has borrowed interest free loan from certain corporate entities. Opening balance of such borrowings is Rs. 43,53,90,000/- and further accepted loan during the year is Rs. 13,86,50,000/-. Closing balance of such loan is Rs. 17,40,00,000/-.

NOTE 9 The Company has granted interest free loan to certain corporate entities. Opening balance of such loan is Rs.14,19,37,500/- and further grant of loan during the year is Rs, 8,57,77,500/-. Closing balance of such loan is Rs. 4,24,50,000/-.

Similarly, the Company has alos granted interest free loan to certain non-corporate entities. Opening balance of such loan is Rs. 2,85,09,155/- and further grant of loan during the year is Rs. 3,70,00,000/-. Closing balance of such loan is Rs. 1,66,75,000/-. Out of this, Rs. 29,25,000/- is classified as Sub-Standard Asset.

NOTE 10 RELATED PARTY DISCLOSURE-AS-18

According to the Accounting Standard 18 (Related Party Disclosure) issued by the Institute of Chartered Accountants of India, the disclosure of transactions with the related parties as defined in the Accounting Standard are given as per Annexure I attached.

NOTE 11 SEGMENT REPORTING - AS - 17

According to the Accounting Standard 17 (Segment Reporting) issued by the Institute of Chartered Accountants of India, the disclosure of reportable segments as defined in the Accounting Standard are given as per Annexure II attached.

DISCLOSURE REQUIREMENT AS PER AS-18 : RELATED PARTY DISCLOSURE (01.04.2014 TO 31.03.2015)

List of related parties and relationship

Sr.No NAME OF THE RELATED PARTIES Relation

1 Vaibhav Vinod Garg

2 Vinod Ramnwos Garg

3 Rahul Ramesh Bagdia

4 Harsh Raj kumar Metiadra

5 DipitShanna Key Management Personnel

6 Nitai shrivas (retired on 05 09.14)

7 Lokesh Jain (retired on 10 09.14)

8 Kartik Jain (retired on 05 09.14)

1 Vibrant Global Infraproject Pvt Ltd

2 Vibrant Global Taring Pvt Ltd Subsidiary

1 Vibrant Global Salt Pvt Ltd

2 Vibrant Global Vidyut Pvt Ltd Associate 3 Tapaoa Polyesteis Pvt Ltd.(ceases to be associate on 31.03.15)

1 Val Pack Solutions Private Ltd

2 Lokesh Industrial Services Pvt Lid (coasts to have significant influence Enterprises on which on 05.09.14) Key Management Personnel along with 3 Lokesh Motalbcs (ceases to have Relatives Have significant influence on 05.09.14) Significant Influence

1 Precision Ispat Pvt Ltd

2 Allyis India Pvl Lid

3 Interior Vibrant Stool Private Limited

4 Vibrant Global Broking (India) Enterprise on which Pvt Ltd Key Management Personnel Have 5 Vibrant Global Housing Finance Control Pvl Ltd

6 Lokesh lnlrapro
1 Huai Kamam

2 Riddhima Garg Relatives or Key Management Personnel 3 Govmd Narayan Garg