o. Provisions/ Contingent Liabilities & Contingent Assets:

Provisions are recognized when the Company has a present legal or constructive obligation
as a result of past events, it is probable that an outflow of resources will be required to
settle the obligation and the amount can be reliably estimated. Provisions are measured at
the present value of management’s best estimate of the expenditure required to settle the
present obligation at the end of the reporting period. A contingent liability exists when
there is a possible but not probable obligation, or a present obligation that may, but
probably will not, require an outflow of resources, or a present obligation whose amount
cannot be estimated reliably. All known Liabilities, wherever material, are provided for
and Liabilities, which are disputed, are referred to by way of Notes on Accounts.

p. Cash and Cash Equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents
includes cash on hand 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. There is no margin money, or security against borrowings, guarantees,
or other commitments have been provided by the company.

q. Fair value measurement

The Company measures financial instruments at fair value at each balance sheet date. Fair
value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date.

All assets and liabilities for which fair value is measured or disclosed in the financial
statement are categorized within the fair value hierarchy.

r. Financial Instruments:

Financial assets and liabilities are recognized when the Company becomes a party to the
contractual provisions of the instruments. All the financial assets and liabilities are
measured initially at fair value. Transaction costs that are directly attributable to the
acquisition or issue of financial asset and financial liabilities (other than financial assets
and liabilities carried at fair value through profit or loss) are added or deducted from the
fair value measured on initial recognition of financial asset or financial liability.

NOTES FORMING PART OF ACCOUNTS:

26. Segment Reporting:

The Company at present is engaged in two segments i.e. Trading of “Commodities and
Securities” and Corporate Advisory Services. As the segment revenue from event
management services is less than 10% of the total revenue of the company and as such the
disclosures requirement under AS-17 has been duly complied with.

27. Related Party Disclosure:

A. Related parties & nature of relationship

I. List of the Key Management Persons (KMP):

a. Mrs. Rajni Mahajan, Managing Director & Whole Time Director.

b. Mr. Manan Mahajan Promoter, Whole Time Director & Chief Financial
Officer

c. Mrs. Gurpreet Kaur: Company Secretary.

II. Entities in which the Directors are significant shareholders / Partners/
Proprietor:

a. Amanaya Smartlife IMF LLP

b. Sarvvayapi Nidhi Limited

c. Mahajan Trading Co.

32. In the opinion of the Management, the current assets, loans and advances have value on
realization in the ordinary course of business, equal at least to the aggregate amount shown
in the balance sheet.

33. Based upon the information received from the management no amount is outstanding in
respect of small scale/ micro industrial units.

34. Previous year figures are regrouped/ rearranged/ reclassified wherever consider necessary.
The company has compiled the above accounts based on the revised/ Modified schedule
III applicable for the accounting period 2023-24. The disclosure requirements are made in
the notes to accounts or by way of additional statements. The other disclosures as required
by the Companies Act are made in the notes to accounts.

35. Additional Regulatory Information

Additional Regulatory Information pursuant to Clause 6L of General Instructions for preparation
of Balance Sheet as given in Part I of Division II of Schedule III to the Companies Act, 2013,are
given hereunder to the extent relevant and other than those given elsewhere in any other notes to
the Financial Statements.

• The Company does not have any Benami property, where any proceeding has been initiated or
pending against the Company for holding any Benami property.

• The Company has not been declared as a willful defaulter by any lender who has powers to
declare a company as a willful defaulter at any time during the financial year or after the end
of reporting period but before the date when the financial statements are approved.

• The Company does not have any transactions with struck-off companies.

• The Company has compiled with the number of layers prescribed under clause (87) of section
2 of the Companies Act 2013 read with Companies (Restrictions on number of Layers) Rules,
2017.

• The Company has not advanced or loaned or invested funds to any other person(s) or entity(is),
including foreign entities(intermediaries), with the understanding that the intermediary shall;

-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

-Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

• The Company has not received any funds 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;

-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

- Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

• The Company does not have any transactions which is not recorded in the books of accounts
but 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).

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

• As per the proviso to rule 3 (1) of the Companies (Accounts) Rules, 2014 for maintaining
books of account using accounting software which has a feature of recording audit trail (Edit
Log) facility is complied by the company.

For & on behalf of Board of Directors As per our report of even date

Amanaya Ventures Limited For R.K. Dingliwal & Associates

CIN: L51101PB2009PLC032640 Chartered Accountants

Sd/-

Rajni Mahajan CA R.K. DINGLIWAL

(Managing Director ) Proprietor

DIN:- 02463524 M.No. 088922

FRN 010609N

UDIN: 24088922BKFXKS1911

Sd/- Sd/-

Manan Mahajan Gurpreet Kaur

(Whole Time Director & CFO) (Company Secretary)

(Din: 02217914) ^{(ACS: A41866)}

Date:- 15^th May, 2024.

Place: Amritsar