Inter Globe Finance Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

1.  Share Capital:

Based upon the audit procedures performed and the information and explanations given by the management, during the financial year 2023-24, the company had obtained shareholder's approval for Preferential issue and allotment of 76,60,000 Convertible Warrants into equity shares of face value of Rs. 10/- each to promoters and non-promoter(s) of company at a price determined in accordance with the provisions of SEE1 (Issue of Capital and Disclosure Requirements) Regulations, 20 18 amounting to Rs. 46.50/ - .

Pursuant to obtaining the necessary approvals and after due deliberation & in accordance with the Companies (Prospectus and AUotment of Securities) Rules, 2014 and other applicable laws & regulations, the Company approved the Allotment of 68,35,000 Convertible Warrants to promoters and nonpromoters on preferential basis on 27th May 2024.

Subsequently, out of the subscribed 68,35,000 convertible warrants, the Company allotted 2 1,35,000 warrants to Non promoters on preferential basis on 14th August, 2024.

The Company was in receipt of the Allotment money aggregating to Rs. 9,97,72,500 from Non-Promoters for cash consideration from the Bank Account of the Allottees on or before the Allotment date & there was no circulation of funds or mere passing of book entries in this regard.

Further, the Company obtained trading approval (w.ef. 10.10.2024) from BSE for the afore 2 1,35,000 warrants (converted into equity shares) & the same were held in lock upto 15.05.2025.

7.    Investments:

?    Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made, are classified as current investments. All other investments are classified as long-term investments.

?    On initial recognition, all investments are measured at cost. The cost comprises the purchase price and directly attributable acquisition charges such as brokerage, fees and duties. If an investment is acquired, or partly acquired by the issue of shares or the other securities, the acquisition cost is the fair value of securities issued. If an investment is acquired in exchange for another asset, the acquisition is determined by reference to the fair value of the asset given up or by reference to the fair value of the investment acquired, whichever is more clearly evident.

?    Current investments are carried at the lower of cost and fair value determined on an individual investment basis. Long-term investments are carried at cost. However, provision for diminution in value is made to recognize a decline other than temporary in the value of the long-term investments.

?    On disposal of an invesment, the difference between it's carrying amount and net disposal proceeds is charged or credited to the statement of profit and loss.

8.    Employee Benefits:

Employee benefits include provident fund, employee state insurance scheme, gratuity fund and Compensated absences.

9.    Inventories:

Stock in trade, stores and spares are valued at the lower of the cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and estimated costs necessary to make the sale. Cost of stock in trade procured for specific projects is assigned by specific identification of individual costs of each item. Costs of stock in trade, that are interchangeable and not specific to any project is determined using the weighted average cost formula. Cost of stores and spare parts is determined using weighted average cost. The Valuation of Shares held at the year-end has been certified by the management and we have relied on the same for the valuation purpose.

10.    Borrowing Costs:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in the period they occur. Borrowing costs consist of interest, exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost and other costs that an entity incurs in connection with the borrowing of funds.

11.    Revenue Recognition:

Revenue from Operations

•    Sale and operating income include sale of Shares and Interest Income on Loans and Advances, etc.

•    Interest income is recognized on time proportion basis taking into account the amount outstanding and the rate applicable.

•    Dividend income is recognized when right to receive is established.

•    Fee and commission income include fees other than those that are an integral part of EIR. The Company recognizes the fee and commission income in accordance with the terms of the relevant contracts lagreement and when it is probable that the Company will collect the consideration.

•    Income from Rent are recognized in the statement of profit and loss as per the contractual rentals unless another systematic basis is more representative of the time pattern in which benelits are derived from the Rented assets.

•    Other Income represents income earned from the activities incidental to the business and is recognized when the right to receive the income is established as per the terms of the contract.

12.    Taxation:

Tax expense comprises current and deferred tax. Current income tax expense comprises taxes on income from operations in India and in foreign jurisdictions. Income tax payable in India is determined in accordance with the provisions of the Income Tax Act, 1961 and tax expense relating to overseas operations is determined in accordance with tax laws applicable in countries where such operations are domiciled.

•    Deferred tax expense or benefit is recognized on timing differences being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

•    Deferred tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date. Deferred income tax relating to items recognized directly in equity is recognized in equity and not in the statement of profit and loss. Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred tax assets and deferred tax liabilities relate to the taxes on income levied by the same governing taxation laws.

•    Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized only to the extent that there is reasonable certainty that suffiicient future taxable income will be available against which such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be realized against future taxable profits. In the situations where the Company is entitled to a tax holiday under the Income realized against future taxable profits. In the situations where the Company is entitled to a tax holiday under the Income tax Act, 1961 enacted in India, no deferred tax (asset or liability) is recognized in respect of timing differences which reverse during the tax holiday period, to the extent the Company's gross total income is subject to the deduction during the tax holiday period. Deferred tax in respect of timing differences which reverse after the tax holiday period is recognized in the year in which the timing differences originate.

•    At each balance sheet date, the Company re-assesses recognized and unrecognized deferred tax assets. The Company writes-down the carrying amount of a deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which the deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes reasonably certain or virtually certain, as the case may be, that sufjicient future taxable income will be available. The Company recognizes unrecognized deferred tax assets to the extent that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available against which such deferred tax assets can be realized.

•    Minimum Alternative tax (MAT) credit is recognized as an asset only when and to the extent there is convincing evidence that the Company will pay normal income tax during the specified period. In the year in which the MAT Credit becomes eligible to be recognized as an asset in accordance with the recommendations contained in guidance note issued by the Institute of Chartered Accountants of India, the said asset is created by way of a credit to the statement of profit and loss and shown as MAT Credit Entitlement. The Company reviews the MAT Credit Entitlement at each balance sheet date and writes down the carrying amount of the MAT Credit Entitlement to the extent there is no longer convincing evidence to the effect that Company will pay normal income tax during the specified period.

13. Earnings per share:

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of the equity shares outstanding during the period. For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

(In Rs.)
Particulars	31-03-2025	3 1-03-2024
Total profit (loss) for period (after Tax)	3,37,46,167	8,44,21,848
Paid-up equity share capital	14,42,10,450	6,82,22,950
Face value of equity share capital	10	10
Earnings Per Share (Basic)	4.14	12.37
Earnings Per Share (Diluted)	2.47	12.37

14.    Fine and Penalties:

During the financial year, BSE Limited imposed penalties totaling '3,46,002.00 in respect of a prior period, all of which have been duly by the company.

15.    Provisions:

A provision is recognized when there exists a present obligation as a result of past events and it is probable that an outnow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to present value and are determined based on best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

16.    Contingent liabilities:

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed only by the occurrence or nor-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably, the Company does not recognize a contingent liability but discloses its existence in the financial statements.

17.    Cash and cash equivalent:

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term deposits with banks with an original maturity of three months or less.

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Mar 31, 2024

14. Provisions:

A provision is recognized when there exists a present obligation as a result of past events and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to present value and are determined based on best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

15. Contingent liabilities:

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably, the Company does not recognize a contingent liability but discloses its existence in the financial statements.

16. Cash and cash equivalent:

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short term deposits with banks with an original maturity of three months or less.

For JLN US & Co.

Chartered Accountants FRN: 101543W Sd/-

(CA Sunil Kumar Kabra)

Partner

Mem No. 111692 Date:29-05-2024 Place : Surat

UDIN :24111692BKACDB9934

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Mar 31, 2023

14. Provisions:

A provision is recognized when there exists a present obligation as a result of past events and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to present value and are determined based on best estimates required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

15. Contingent liabilities:

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably, the Company does not recognize a contingent liability but discloses its existence in the financial statements.

16. Cash and cash equivalent:

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short term deposits with banks with an original maturity of three months or less.

For SAHAJ AND ASSOCIATES

Chartered Accountants

_FRN _ _127954W For INTERGLOBE FINANCE LIMITED

CA Abhishek Darak Sd/- Sd/-

^Partner Navin Jain (DIN : 01197626) Anirban Dutta (DIN : 00655172)

Mate''''29 05⁹2023 (Chairman & Managing Director) (Director & CFO)

Place : Surat Pritha Beriwal (Mem. No. A49631)

UDIN : 23159965BGWHGQ8886 (Company Secretary & Compliance Officer)

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Mar 31, 2014

1. Contingent liabilities and commitments

i) Contingent Liabilities

a) Claim against the company not acknowledge as debt NIL NIL

b) Guarantees NIL NIL

c) Other money for which company is contingently liable NIL NIL ii) Commitments

a) Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

b) Uncalled liability on shares and other investments partly paid NIL NIL

c) Other commitments NIL NIL

2. Expenditure on employees drawings remuneration of Rs. 2,00,000/- or more per month NIL NIL

3. There is no undisputed amounts payable in respect of Micro, Small & Medium Enterprises, as at 31st March, 2014 for a period of more than thirty days from the date they become payable.

4. Balances lying as debtors, creditors, loans&advances are subject to confirmation to be received from parties.

5. The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

6. During the year ended March 31,2014, the company did transact with its related parties as defined in Accounting Standard 18, issued by the Institute of Chartered Accountants of India are as per separate sheet.

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Mar 31, 2013

1. There is no undisputed amounts payable in respect of Micro, Small & Medium Enterprises, as at 31st March, 2013 for a period of more than thirty days from the date they become payable.

2. Balances lying as debtors, creditors, loans & advances are subject to confirmation to be received from parties.

3. The previous year''s figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

4. During the year ended March 31,2013, the company did transact with its related parties as defined in Accounting Standard 18, issued by the Institute of Chartered Accountants ofIndia are as per separate sheet.

5. Contingent liabilities and commitments

i) Contingent Liabilities

a) Claimagainst the company not acknowledge as debt NIL NIL

b) Guarantees NIL NIL

c) Othermoney for which company is contingently liable NIL NIL

ii) Commitments

a) Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

b) Uncalled liability on shares and other investments partly paid NIL NIL

c) Othercommitments NIL NIL

6. Expenditure on employees drawings remuneration of Rs. 2,00,000/- or more per month NIL NIL

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Mar 31, 2012

1. Contingent liabilities and commitments

i) Contingent Liabilities

a) Claim against the company not acknowledge as debt NIL NIL

b) Guarantees NIL NIL

c) Other money for which company is contingently liable NIL NIL

ii) Commitments

a) Estimated amount of contracts remaining to be executed on capital account and not provided for NIL NIL

b) Uncalled liability on shares and other investments partly paid NIL NIL

c) Other commitments NIL NIL

2. Expenditure on employees drawings remuneration of Rs. 2,00,000/- or more per month NIL NIL

3. There is no undisputed amounts payable in respect of Micro, Small & Medium Enterprises, as at 31st March, 2012 for a period of more than thirty days from the date they become payable.

4. Balances lying as debtors, creditors, loans & advances are subject to confirmation to be received from parties.

5. The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever necessary.

6. During the year ended March 31,2012, the company did transact with its related parties as defined in Accounting Standard 18, issued by the Institute of Chartered Accountants of India are as per separate sheet.

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Mar 31, 2010

1. In the opinion of the Management and to the best of their knowledge and belief, the value of current assets, loans and advances, if realised in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet

2. In compliance with the Accounting Standard - AS 22 relating to "Accounting for; Taxes on Income" issued by the Institute of Chartered Accountants of India the company has adjusted the deferred tax liabilities net arising out of timing differences during the year aggregating to 87,983/- has been recognized in the Profit & Loss Account.

3. Previous years figures have been re-arranged / regrouped wherever necessary.

4. Figures have been rounded off to the nearest rupees.

5. Schedule to forming an integral part of accounts has been duly authenticated.