Octaware Technologies Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

s. AS - 29 Provisions 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.

• Contingent Liabilities are not recognized but are disclosed in the notes.

• Contingent Assets are neither recognized nor disclosed in the financial
statements.

• Provisions, Contingent Liabilities and Contingent Assets are reviewed at
each Balance Sheet Date.

Notes Forming Part of the Financial Statements

24. The previous year''s figures have been reworked, regrouped, and reclassified
wherever necessary. Amounts and other disclosures for the preceding year are
included as an integral par of the current year financial statements and are to
be read in relation to the amounts and other disclosures relating to the current
year.

25. Credit and Debit balances of unsecured loans, sundry creditors, sundry Debtors,
loans and Advances are subject to confirmation and therefore the effect of the
same on profit could not be ascertained.

26.In the opinion of the directors, all the current assets, current liabilities, loans
and advances, have a realizable value in ordinary course of business, at least
equal to the amount which is stated in Balance Sheet.

33. Relationship with Struck Off Companies: -

During the year, the company does not have any transaction with companies
struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

34. Registration of charges or satisfaction with Registrar of companies
(ROC): -

There are no charges or satisfaction yet to be registered with ROC beyond the
statutory period.

35. Willful Defaulter: -

During the year, the company is not declared as willful defaulter by any bank or
financial Institution or other lender.

36. Security of current assets against borrowings

The company has not borrowings ''during any point of time of the year'' from
banks or financial institutions on the basis of security of current assets

37. Details of Benami Property Held

There are no proceedings have been initiated or pending against the company
for holding any benami property under the Prohibition of Benami Property
Transactions Act, 1988 and the Rules made thereunder

38. Utilization of Borrowed fund and share premium

A) Where a company has advanced or loaned or invested funds to Intermediaries
with the understanding that the Intermediary shall:

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries, the company shall disclose the following:

(I) date and amount of fund advanced or loaned or invested in Intermediaries
with complete details of each Intermediary.

(II) date and amount of fund further advanced or loaned or invested by such
Intermediaries to other intermediaries or Ultimate Beneficiaries along with
complete details of the ultimate beneficiaries.

(III) date and amount of guarantee, security or the like provided to or on behalf
of the Ultimate Beneficiaries.

(IV) declaration that relevant provisions of the Foreign Exchange Management
Act, 1999 (42 of 1999) and the Companies Act has been complied with for such
transactions and the transactions are not violative of the Prevention of Money¬
Laundering Act, 2002 (15 of 2003).

(B) Where a company has received any fund from any Funding Party with the
understanding that the company shall:

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries, the company shall disclose the following:

(I) date and amount of fund received from Funding parties with complete details
of each Funding party.

(II) date and amount of fund further advanced or loaned or invested in other
intermediaries or Ultimate Beneficiaries along with complete details of the other
intermediaries'' or ultimate beneficiaries.

(III) date and amount of guarantee, security or the like provided to or on behalf
of the Ultimate Beneficiaries.

(IV) declaration that relevant provisions of the Foreign Exchange Management
Act, 1999 (42 of 1999) and Companies Act has been complied with for such
transactions and the transactions are not violative of the Prevention of Money¬
Laundering Act, 2002 (15 of 2003).

39. Undisclosed Income

The company do not have any transaction 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), unless there is
immunity for disclosure under any scheme. The company shall also not have the
previously unrecorded income and related assets have been properly recorded in
the books of account during the year.

40. Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto Currency or Virtual Currency
during the financial year, the following shall be disclosed:

(a) profit or loss on transactions involving Crypto Currency or Virtual Currency;

(b) amount of currency held as at the reporting date;

(c) deposits or advances from any person for the purpose of

(d) trading or investing in Crypto Currency / Virtual Currency.

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Mar 31, 2024

p. AS - 29 Provisions 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.

• Contingent Liabilities are not recognized but are disclosed in the notes.

• Contingent Assets are neither recognized nor disclosed in the financial
statements.

• Provisions, Contingent Liabilities and Contingent Assets are reviewed at
each Balance Sheet Date.

Note:

• "The Company is an SMC as defined in the general instruction in respect of
accounting standard noticed under the companies Act, 2013. Accordingly, the
company has complied with the accounting standard as applicable to an SMC."
So AS - 3 & 17 is not applicable to SMC and also Diluted EPS is not applicable to
the SMC.

• Since there is no Subsidiary of reporting entity so AS - 21, 23, & 27 is not
applicable.

28. The previous year''s figures have been reworked, regrouped, and reclassified
wherever necessary. Amounts and other disclosures for the preceding year are
included as an integral par of the current year financial statements and are to
be read in relation to the amounts and other disclosures relating to the current
year.

29. Credit and Debit balances of unsecured loans, sundry creditors, sundry
Debtors, loans and Advances are subject to confirmation and therefore the
effect of the same on profit could not be ascertained.

30. In the opinion of the directors, all the current assets, current liabilities, loans
and advances, have a realizable value in ordinary course of business, at least
equal to the amount which is stated in Balance Sheet.

36. Defined Contribution Plan:-

As per Accounting Standard 15 "Employee Benefits", the disclosures as defined
in the Accounting Standard are given below "Contribution to Defined
Contribution Plans, recognized as expenses for the year is as under:

2023-24 2022-23

Employer''s Contribution to Provident Fund 19.25 17.40

37. Relationship with Struck Off Companies:-

During the year, the company does not have any transaction with companies
struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

38. Registration of charges or satisfaction with Registrar of companies
(ROC):-

There are no charges or satisfaction yet to be registered with ROC beyond the
statutory period.

39. Willful Defaulter:-

During the year, the company is not declared as willful defaulter by any bank or
financial Institution or other lender.

40. Security of current assets against borrowings

The company has not borrowings ''during any point of time of the year'' from
banks or financial institutions on the basis of security of current assets

41. Details of Benami Property Held

There are no proceedings have been initiated or pending against the company
for holding any benami property under the Prohibition of Benami Property
Transactions Act, 1988 and the Rules made thereunder

42. Utilization of Borrowed fund and share premium

A) Where a company has advanced or loaned or invested funds to Intermediaries
with the understanding that the Intermediary shall:

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries, the company shall disclose the following:

(I) date and amount of fund advanced or loaned or invested in Intermediaries
with complete details of each Intermediary.

(II) date and amount of fund further advanced or loaned or invested by such
Intermediaries to other intermediaries or Ultimate Beneficiaries along with
complete details of the ultimate beneficiaries.

(III) date and amount of guarantee, security or the like provided to or on behalf
of the Ultimate Beneficiaries.

(IV) declaration that relevant provisions of the Foreign Exchange Management
Act, 1999 (42 of 1999) and the Companies Act has been complied with for such
transactions and the transactions are not violative of the Prevention of Money¬
Laundering Act, 2002 (15 of 2003).

(B) Where a company has received any fund from any Funding Party with the
understanding that the company shall:

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries, the company shall disclose the following:

(I) date and amount of fund received from Funding parties with complete details
of each Funding party.

(II) date and amount of fund further advanced or loaned or invested in other
intermediaries or Ultimate Beneficiaries along with complete details of the other
intermediaries'' or ultimate beneficiaries.

(III) date and amount of guarantee, security or the like provided to or on behalf
of the Ultimate Beneficiaries.

(IV) declaration that relevant provisions of the Foreign Exchange Management
Act, 1999 (42 of 1999) and Companies Act has been complied with for such
transactions and the transactions are not violative of the Prevention of Money¬
Laundering Act, 2002 (15 of 2003).

43. Undisclosed Income

The company do not have any transaction 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), unless there is
immunity for disclosure under any scheme. The company shall also not have the
previously unrecorded income and related assets have been properly recorded in
the books of account during the year.

44. Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto Currency or Virtual Currency
during the financial year, the following shall be disclosed:

(a) profit or loss on transactions involving Crypto Currency or Virtual Currency;

(b) amount of currency held as at the reporting date;

(c) deposits or advances from any person for the purpose of

(d) trading or investing in Crypto Currency / Virtual Currency.

For D G M S & CO. For and on behalf of the Board of Directors of

Chartered Accountants Octaware Information Technologies Private Limited

F R No. 0112187W

Hiren J. Maru Mohammed Aslam Khan Mohammed Siraj Gunwan

Partner Managing Director Whole Time Director

M. No. 115279 DIN No: 00016438 DIN No: 02507021

Place: Mumbai
Date : 30^th May 2024

Miss Alka Katariya
Company Secretary
M. No. A66300

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Mar 31, 2018

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2018. DEFERRED TAX ASSET (Net)

Deferred tax asset amounts to Rs. 309670/- (Previous year Rs..2,31,119/- arising or account of depreciation & Preliminary expenses Provision for the same has not been recognised in the books on the grounds of prucence concept. It would be accounted for in the subsequent year / years considering the requirements of the Accounting standards |AS-22) regarding reasonable / virtual certainty and according to the- accounting policy followed by the company in this respect.

LONG TERM LOANS AND ADVANCES

	AS AT 31ST MARCH 2018	AS AT 31ST MARCH 2017
Unsecured and Considered Good Deposits	6,50,000	860,000
TOTAL	850,000	360,000

TRADE RECEIVABLES

	AS AT 31ST MARCH 2018	AS AT 31ST MARCH 2017
Unsecured and Considered Goods
To Related Parties More than 6 months		8,921,125
Others		1,332.440
To Others
More than 6 months	10,833, 511	10,515,871
Others	3,764,613	602,862
TOTAL	21,053,793	21,372,298

CASH & BANK BALANCES

	AS AT 31ST MARCH 2018	AS AT 31ST MARCH 2017
Cash an Hand	873,699	641,948
Balance with Banks	1,825,658	3,538,865
Balance with Banks; ( Escow Account)	-	81,504,000
TOTAL	2,699,357	85,684,833
SHORT TERM LOANS AND ADVANCES
	AS AT 31ST MARCH 2018l	AS AT 31ST MARCH 2017
Unsecured and Considered Good
Advance- Income Tax (Net of Provision)	2,152,252	1,352.352
Advaces to Subsidiary	5,000,000
Advance Receivable in cash or kind or	802,390	2,467,602
Advance for capis Goods	-	1,160,000
TOTAL	7,954,642	4,979,934

6 FIXED ASSETS

AMOUNT IN INR

	Description	Gross Block				Deprefiation / Amortisation				Net Block
		As at 01.04.2017	Additions	Deductions/ Adjustments	As at 31.03,2018	As at 01.04.2017	Fertile Year	Deductions/ Adjustments	Upto 31.03,2013	As at 31,03,2018	As at 31,03.2017
A	TANGIBLE ASSETS:
	OWN ASSETS:
	Office Equipment	1,078,066	-	-	1,078,066	977,976	3,923	-	981,899	96,167	100,090
	Computers	5,320,196	271,572	-	5,591,768	5,091,504	97,218	-	5,18S,722	403,046	228,692
	Furniture & Fixtures	2,108,593	2,570,536	-	4,679,129	1,863,129	675,407	-	2,538,536	2,140,593	245,464
	Vehicle	1,200,000	-		1,200,000	491,665	133,364	-	675,029	524,971	708,335
B	TOTAL (A) INTANGIBLE ASSETS:	9,706,855	2,312,108	-	12,548,963	8,424,274	959,912	-	9,384,186	3,164,777	1,282,581
	Software	1,019,938		-	1,019,938	988,735	-	-	38S,735	31,203	31,203
	TOTAL (B]	1,019,938		-	1,019,938	988,735	-	-	988,735	31,203	31,203
C	Intangible Asset;;
	Under Development	7,800,000	817,875	-	8,617,875		-	-		8,617,875	7,300,000
	TOTAL (C)	7,800,000	317,375	-	8,617,875		-	-		8,617,875	7,300,000
	TOTAL (A B C)
		18,526,793	3,659,983	-	22,186,776	9,413,009	959,912	-	10,372,921	11,813,855	9,113,781
	Previous Year	14,075,783	4,451,010	-	18,526,793	8422,192	990,817	-	9,413,009	9,113,784

Note:Expenses paid to director i.e. director salary and consultancy fees amounting to Rs. 817375/- have been capitalised as it pertains to development of intangible asset under development

20 CONTINGENT LIABILITIES AND COMMITMENTS to the extent not provided for

	AS AT 31ST MARCH	AS AT 31st MARCH 2017
Commitments Estimated mourn of contracts remaining to be executed on capital account and not provided for	-	500,000
	337,840	500,000

21. The previous year figures have been regroups, reclassified rearranged wherever consideried necessary to conform wfth the current year presentation.

As per our Report of even date	For and or date of the Board
For MVK Associates	For Octaware Technologies Limited
Chartered Accountants
Firm Regn. No- 12202200
CA. R. P. Lodha	Mohammed Aslam Khan	Mohammed Sirajj Gunwan
Partner	Managing Director	Director
M.NO 648195	DIM : D0016438	CHH : 02507021
Date:- 28.03-2018	Date :- 28.05-2018	Date- 28-05-2018
Place:- Mumbai	Place:- Mumbai	Place :- Mumbai