Ontic Finserve Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

iv. Additional regulatory information

(a) Details of crypto currency or virtual currency

Tile Company has neither traded nor invested in Crypto currency or Virtual Currency for the year ended March 31,2025 & 2024. Further, the Company has also not received any deposits or advances From any person for the purpose of trading or investing in Crypto Currency or Virtual Currency.

(b) Compliance with approved scheme of arrangements

Company is not engaged in any scheme of arrangements,

(c) Undisclosed income

During the Periods, the Company has not surrendered or disclosed as income any transactions not recorded in the books of accounts in the course of tax assessments under the income Tax Act 1961 [such as, search or survey or any other relevant provisions of the Income Tax Act 1961).

(d) Relationship with struck off companies

The Company does not have any transactions with the companies struck off under section 248 of the Companies Act 2013 or section 560 of the Companies Act 1956 for theyear ended March 31,2025,2024 &. 2023.

(e) Compliance with numbers of layers of companies

The provisions of Clause 87 of Sect) on 2 of the Companies Act 2013, read with the Companies (Restriction on Number of Layers) Rules, 2017, are not applicable to the Company.

(f) Utilisation of borrowed funds and share premium

During theyear ended March 31,2025 & 2024, the Company has not advanced or Loans or invested funds (ei ther borrowed funds or share premium or kind of funds) to any other perscn(s) or entity(ies), inc!tiding foreign entities (Intermediaries) with the understanding [whether recorded In writing or otherwise) that the Intermediary shall:

i) directly or indirectly lend or in vest 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.

During the year ended March 31, 2025 & 2024, the Company has not received any fund from any person(s) or entities), including foreign entities (Funding Parly) with the understanding (whether recorded in writing or otherwise) that the Company shall:

1) 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 Benef>ciaries]~dr ii) provide any guarantee, security, or the like on behalf of the ultimate beneficiaries.

(g) The Company has not been declared Wilful Defaulter by any bank or financial institution or government or any government authority.

(h) No proceeding have been Initiated nor pending against the company for holding any benami property under the Benami Transactions

(i) Fair value hierarchy

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognised and measured at fair value and (b] measured at amortised costand for which fair values are disclosed in the standalone financial statements. To provide an indication about the rellahllity of the inputs used in determining fair value, the Company has classified its financial instruments into the three levels prescribed under the Ind AS 113.

CjJ Audit Trail

Based on our examination, we note that the Company has used accounting software for maintaining its books ofaccount; however, the software does not have a feature of recording an audit trail [edit log] as required under Rule 3(1] of the Companies (Accounts] Rules, 2014, as amended. Accordingly, the audit trail (edit log] of all transactions, including any modifications or deletions, was not maintained throughout the financial year ended March 31,2025, Consequently, we were unable to verify the existence and operation of an edit log feature or assess whether any changes were made to the books ofaccount without appropriate audit trail documentation. This constitutes a non-compliance with the requirements prescribed under the aforesaid Rules.

(k) Market Risk

Market risk is the risk of loss of future earnings, volatility of future cash flows and fluctuations in fair value of financial assets. The fair value of a financial asset may fluctuate because of changes in interest rates, foreign currency exchange rates, equity prices and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial Instruments.

i) Interest rate risk:

interest rate risk is the risk that the fair value of a financial instrument will fluctuate heca use of changes in market interest rates. The Group is exposed to fair value changes due to interest rate risk from investments held in units ofdeht-orlented mutual funds.

ii) Foreign currency risk:

The Company is not exposed to foreign currency risk during the year, as there were no foreign currency transactions or balances, including imports, exports, foreign currency borrowings, or investments. Accordingly, the Company is not subject to any gains or losses arising from fluctuations in foreign exchange rates.

hi) Price risk

Price risk is the risk that the fair value of a financial instrument will fluctuate because of changes in market prices caused by factors affecting all similar instruments traded in the market The Company''s exposure to the price risk arises from investment in quoted equity instrument classified as FVTOCI as at March 31.

(i) Liquidity risk

The Company manages its liquidity risk by maintaining adequate cash and bank haiances, ensuring availability of funding through committed credit lines, and actively monitoring its operational cash flows. Based on our audit procedures and the information reviewed, we are of the opinion that the Company has sufficient liquidity as at March 31 to meet its financiai obligations as and when they fall due.

(m) Subsequent events

There were no other material subsequent events that required adjustment or disclosure in the financial statements as per IND AS 10

(n) Segment Reporting

As the Company is having only one segment i.e. Trading of Securities, there are no reportable segment in accordance with the requirement of Segment Reporting under Ind AS 108.

v. Non-adjustment items:

No Audit qualifications for the respective periods which require any corrective adjustment in these Restated Financial Statements of the Company have been painted out during the restated period.

vl. Details of dues to Micro and Small Enterprises as defined under the MSMED Act, 2006

Based on the Information available with the Company in respect of MSME (as defined in the Micro, Small and Medium Enterprises Development Act, 2006] and as confirmed to us die re are no delays in payment of dues to such enterprise during the year.

The identification of Micro, Small and Medium Enterprises Suppliers as defined under ‘The Micro, Small and Medium Enterprises Development Act, 2006" is based on the information available with the management As certified by the management die amounts overdue for the year ended March 31,2025 Si 2024 to Micro, Small and Medium Enterprises on account of principal amount together with interest aggregate to Rs. Nik

Trade Receivables, Trade Payables, Borrowings, Loans & Advances and Deposits

Balances of Trade Receivables, Trade Payahies, Borrowings and Loans & Advances and Deposits are subject to confinnadon.

Examination of Books of Accounts & Contingent Liability

The list of books of accounts maintained is based on information provided by the assesseeand is not exhaustive. The information in audit report is based on our examination of books of accounts presented to us at the time ofauditandasper the information and explanation provided by the assesses at the time ofaudit

Director Personal Expenses

There are no direct personal expenses debited to the profit and loss account However, personal expenditure if included in expenses like telephone, vehicle expenses etc. are not identifiable or separable.

Deferred Tax Asset / Liability: [IND AS-22]

The company has created Deferred Tax Asset / Liability as required by Indian Accounting Standards (IND AS] - 22.

Foreign currency transactions and translation

During the financial year ended March 31,2025, the Company did not enter into any foreign currency transactions, nor does it have any foreign currency monetary assets or liabilities as at the balance sheet dace. Accordingly, the requirements of ind AS 21 - The Effects of Changes in Foreign Exchange Rates are not applicable for the year.