Notes to Accounts of Fraser & Company Ltd.

Mar 31, 2025

11 Provision and Contingencies

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 recognised but are disclosed in the notes. There are no
Contingent Assets.

12 Tax Expenses

Income Tax expense comprises Current and Deferred Income Tax. Income tax expense is
recognized in net profit in die Statement of Profit and Loss except to die extent diat it relates to
items recognized directiy in equity, in which case it is recognized in Odier Comprehensive
Income.

Deferred income tax assets and liabilities are recognized for all temporary differences arising
between die tax bases of assets and liabilities and dieir carrying amounts hi die financial
statements. Deferred tax assets are reviewed at each reporting date and are reduced to die extent
tiiat it is no longer probable tiiat die related tax benefit will be realized.

The company offsets current tax assets and current tax liabilities, where it has a legally
enforceable right to set off the recognized amounts and where it intends eidier to settie on a net
basis, or to realize die asset and settie die liability simultaneously.

7 J /

Minimum Alternative Tax [MAT] paid in accordance with the tax laws, which gives rise to future
economic benefits in die form of adjustment of future income tax liability, is considered as an
asset if diere is convincing evidence diat die company will pay normal income tax in future
periods. Accordingly, MAT is recognised as an asset in die Balance Sheet when it is probable diat
future economic benefits associated with it dow to die company and die asset can be measured
reliably.

13 Earnings Per Share

Basic earnings per equity⁷ share is computed by dividing die Net Profit attributable to die equity⁷
holders of die company⁷ by die weighted average number of equity⁷ shares outstanding dining die
period. Diluted earnings per equity⁷ share is computed by⁷ dividing die Net Profit attributable to
die equity⁷ holders of die company⁷ by⁷ die weighted average number of equity⁷ shares considered
for deriving basic earnings per equity share and also die weighted average number of equity⁷
shares diat could have been issued upon conversion of all dilutive potential equity⁷ shares.

14 Leases

Leases under which die company⁷ assumes substantially⁷ all die risks and rewards of ownership are
classified as finance leases. When acquired, such assets are capitalized at fair value or present
value of die minimum lease pay⁷ments at die inception of die lease, whichever is lower. Lease
payments under operating leases are recognized as an expense on a straight line basis in Net
Profit in die Statement of Profit and Loss over die lease term.

15 Employee Benefits

i) Short Term Employee Benefits

Short - term employee benefits include performance incentive, salaries & wages, bonus and leave
travel allowance. The midiscounted amount of short-term employee benefits expected to be paid
in exchange for die sendees rendered by⁷ employees are recognized as an expenses during die
y⁷ear when die employees render die sendees.

ii) Long Term Employee Benefits

The liability⁷ for gratuity⁷ & leave encashment is determined using Projected Unit Credit [PUC]
Method and is accounted for on die basis of actuarial valuation in Accordance witii IND AS -
19. The company⁷ recognizes the net obligation of a defined benefit plan in its balance sheet as an
asset or Liability⁷. Actuarial Gains and Losses through re-measurements of the net defined benefit
liability⁷/ (asset) are recognized hi Otiier Comprehensive Income.

Note 33

Deferred Tax Asset lias not been recognised since it is not probable that taxable profit will be available in future against which the deductible
temporary difference can be utilised.

Note 34

The Company has not made any provisions with regards to Employee Benefits as specified under Lid AS — 19 — Employee Benefits during the
year on the basis of the fact that no employees at the end of the year have completed eligible period for gratuity.

Note 35

Certain Trade receivables, Advances and Trade payables as at March 31, 2025 are subject to confirmation of balances and reconciliation with the
respective parties, the impact of which is not ascertamed. The financial statements do not include the impact of adjustments, if any, which may
arise out of the confirmation and reconciliation process. Management is of the opinion that there will be no significant impact on the financial
statements.

Note 36

Li the opinion of the Board die Current Assets, Loans & Advances are realisable in die ordinary course of business adeast equal to die amount at

which they are stated in die Balance Sheet. The provision for all known liabilides is adequate and not in excess of amount reasonably necessary.
Note 37 : Other Statutory Information

i) The Company do not have any Benami property, where any proceeding has been undated or pending against die Company for holding any
Ben arm property.

ii) Tlie company do not have any charges or satisfaction winch is yet to be registered widi ROC beyond die statutory period

iii) The Company has not been declared as wilful defaulter by any bank or financial institutions or odier lenders,
hr) During die audited period, die Company has not revalued its Property’, Plant and Equipments.

v) The Company have not traded or invested m Crypto currency or Virtual Currency dunng die audited period.

vi) The Company have not advanced or loaned or invested funds to any odier person(s) or entity(ies), including foreign entities (Litermedianes)
with die understandmg diat the Intermediary shall:

(a) direcdy or indirecdy lend or invest ui odier persons or entities identified m any manner whatsoever by or on behalf of die Company (Ultimate
Beneficiaries); or

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

vii) The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with die understanding
(whether recorded in writing or otherwise) diat die Company shall:

(a) direcdy or mdirecdy lend or invest m odier persons or entities identified in any maimer whatsoever by or on behalf of die Funding Pam*
(Ultimate Beneficianes) or

(b) provide any guarantee, security or die like on behalf of die Ultimate Beneficiaries,

\iii) The Company have not any such transaction winch is not recorded in die books of accounts that has been surrendered or disclosed as
income dunng die year in die tax assessments under die Licome Tax Act, 1961 (such as, search or survey or any odier relevant provisions of die
Licome Tax Act, 1961.

ix) Based on die information available with die Company, die Company do not have any transactions with companies struck off under section
248 of die Companies Act, 2013 or section 560 of Companies Act, 1956.

Note 38

The Balance sheet, Statement of profit and loss, Statement of significant accounting policies and die odier explanatory Notes form an integral
part of die financial statements of die Company for penod ended 31st March, 2025 & 31st March 2024.

Accompanying Notes to Financial Statements For and On behalf of die Board

Li terms of our report of even date For FRASER AND COMPANY LIMITED,

For A M S & CO LLP

Chartered Accountants Sd/-

Fimi Reg. No. 130878W Omkar Rajkumar Shivhare

(Managing Director)

PIN:- 08374673]

Sd/-

Ashok Kumar Puri

Partner Sd/- Sd/-

Membership No. 128996 Vijay Ramesh Solanki Anjana Mahendra Jigger

(Chief Financial Officer) (Company Secretary)

PAN : CRVTS2186 PAN : AHPPJ3854M

Place : Mumbai Place : Mumbai

Date : 30di May, 2025 Date : 30th May, 2025

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Mar 31, 2015

1. Payment to Auditors Rs. 25000/- (prev. year- Rs. 1124/-).

2. (i) Expenditure in Foreign Currency Rs. NIL.

(ii) Earnings in Foreign Currency Rs. NIL.

3. Estimated amount of contract remaining to be executed on capital accounts and not provided for - NIL. ( Prev.year – NIL).

4. Contingent liability as on 31/03/2015 - NIL

5. The company has not received any intimation from vendors regarding their status under the Micro Small & Medium Enterprises Act, 2006 and hence disclosures relating to their outstanding amount and interest have not been made.

6. Balances of Sundry Debtors and Sundry Creditors, Advance from customers and advances are subject to confirmation.

7. In the opinion of the Board of Directors, the current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all know liabilities are adequate and not in excess of the amounts reasonably necessary.

8. Previous Year's figures have been regrouped and rearranged wherever necessary to conform to the classification adopted for the current year.

9. No employees of the company are in receipt of or are entitled to receive remuneration more than or equal to the rates prescribed under 217(2A) of the Companies Act,1956.f

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Mar 31, 2014

1. Payment to Auditors Rs. 1124/- (prev. year- Rs. 1124/-).

2. (i) Expenditure in Foreign Currency Rs. NIL.

(ii) Earnings in Foreign Currency Rs. NIL.

3. Estimated amount of contract remaining to be executed on capital accounts and not provided for NIL. ( Prev.year - NIL).

4. Contingent liability as on 31/03/2014 - NIL

5. The company has not received any intimation from vendors regarding their status under the Micro Small & Medium Enterprises Act, 2006 and hence disclosures relating to their outstanding amount and interest have not been made.

6. Balances of Sundry Debtors and Sundry Creditors, Advance from customers and advances are subject to confirmation.

7. In the opinion of the Board of Directors, the current Assets, Loans & Advances are approximately of the value stated if realized in the ordinary course of business. The provisions for depreciation and all know liabilities are adequate and not in excess of the amounts reasonably necessary.

8. Previous Year's figures have been regrouped and rearranged wherever necessary to conform to the classification adopted for the current year.

9. No employees of the company are in receipt of or are entitled to receive remuneration more than or equal to the rates prescribed under 217(2A) of the Companies Act,1956.

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Mar 31, 2013

Not Available.

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Mar 31, 2012

1.1 Certain debit / credit balances have been set-off depending on their similar nature.

1.2

The revised Schedule VI has become effective from 1st April, 2011 for the preparation of financial statements. This has significantly Impacted the disclosure and presentation made In the financial statements.

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classificatlon/ disclosure.

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Mar 31, 2011

A) No Provision has been made in respect of Gratuity accrued and payable under the payment of Gratuity Act, 1972. The Company follows the practice for payment of gratuity on cash basis.

b) Previous year''s figure have been regrouped and re-arranged wherever necessary.