Notes to Accounts of K. V. Toys India Ltd.

ADDITIONAL REGULATORY INFORMATION AS PER PARA Y OF SCHEDULE III TO COMPANIES ACT, 2013 Note - 41

i. The Company does not have any immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company.

ii. The Company has not revalued its Property, Plant and Equipment.

iii. The Company has not granted loans or advances in the nature of loans are granted to promoters, Directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment

iv. The Company does not have any capital work-in-progress.

v. The Company does not have any intangible assets under development .

vi. No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

vii The Company has borrowings from banks or financial institutions on the basis of security of current assets and quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts.

viii. The company is not declared as wilful defaulter by any bank or financial institution or other lender.

ix. The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

x. There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

xi. The Company has made investments and has complied with the restrictions on the number of layers prescribed under Section 2(87) of the Companies Act, 2013, read with the Companies (Restriction on Number of Layers) Rules, 2017.

xiii. The Company does not have any scheme of arrangements which has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act,

xiv. A. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever (“Ultimate Beneficiaries”) by or on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

B. No funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), 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 (“Ultimate Beneficiaries”) by or on behalf of the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xv. The Company does not have undisclosed 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).

1. The Company has acquired the business of K V Impex (proprietorship) as a going concern with effect from January 31, 2025 for a total consideration of ^891.32 Lakhs. The accounting treatment of assets and liabilities acquired is as under:

a. Property, Plant and Equipment (PPE) and Intangible

Assets:

Recorded at carrying values as per the audited books of K V Impex, where assets were stated at cost less depreciation computed in accordance with the rates prescribed under the Income Tax Act, 1961. For the purpose of the Restated Financial Statements, depreciation has been recalculated and restated in line with the method consistently followed by the Company under the IGAAP framework. Consequently, a difference of ^ 3.09 lakhs arises in the Written Down Value (WDV).

b. Income Tax Refund Balance:

Not carried forward, as such refund pertains to the PAN of the proprietor and is not transferable. Accordingly, it has not been considered in the business takeover.

c. Deferred Tax Assets (DTA):

Not carried forward, since the assets acquired were recorded at WDV as per the Income Tax Act, 1961, as explained in point (a) above.

d. Other Assets and Liabilities:

All other assets and liabilities have been recorded at their respective restated balances as per the financial statements of K V Impex.

Regrouping/Reclassification of Comparative Figures Note - 43

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