s Provisions, Contingent liabilities and Contingent
assets
A provision is recognised when the Company has
a present obligation as a result of past event and
it is probable that an outflow of resources will be
required to settle the obligation, in respect of which
reliable estimate can be made. Provisions (excluding
retirement benefits and compensated absences) are
not discounted to its present value and are determined
based on best estimate required to settle the obligation
at the balance sheet date. These are reviewed at
each balance sheet date and adjusted to reflect the
current best estimates. Contingent liabilities are not
recognised in the financial statements. A contingent
asset is neither recognised nor disclosed in the
financial statements.
t Cash Flow Statement
Cash flows are reported using the indirect method as
explained in the Accounting Standard, whereby profit
/ (loss) before extraordinary items and tax is adjusted
for the effects of transactions of non-cash nature
and any deferrals or accruals of past or future cash
receipts or payments. The cash flows from operating,
investing and financing activities of the Company are
segregated based on the available information.
The Board of Directors in their meeting held on 13th May, 2024 approved resolution for issue of Bonus equity shares in
the ratio of 16:01 (Sixteen) new equity share of ^ 10/- each for every 1 (One) existing fully paid-up shares of ^ 10/- each
to existing shareholders of the company which was subsequently approved by Members of Company in the Extra¬
Ordinary General Meeting held on 13th May, 2024. Pursuant to which our company has allotted 1,71,60,000 Bonus
Equity Shares on 15th May, 2024.
The Company has issued and allotted 56,45,600 equity shares of ^. 10 each fully paid up for cash at a price of ^ 180/-
each including premium of ^ 170/- per share each by way of Initial Public Offer (“IPO”) aggregating to ^ 10,162.08
Lakhs and got listed on SME Platform of Bombay Stock Exchange Limited on 11th December, 2024. The details of
utilization of IPO Issue Proceeds as on 31st March 2025 has been given in Note 38.
Reasons for Variances
Current Ratio: Due to Increase in Current Assets and decrease in Current Liabilities
Debt Equity Ratio: Due to increase in shareholder's equity and decrease in total debt during the year
Debt Service Coverage Ratio: Due to decrease in debt during the year
Return on Equity Ratio: Due to increase in average shareholder's equity and decrease in PAT Margin during the year
Trade Receivable Turnover Ratio: Due to increase in average trade receivables during the year
Net Capital Turnover Ratio: Due to increase in average working capital during the year
Return on Capital Employed: Due to decrease in EBIT and increase in Capital Employed during the year
Return on Investment: Decrease in return due to increase in investment during the year
Reason for shortfall
There is no shortfall in CSR Expenditure for the current year.
Nature of CSR Activities
During the current year, The Company has made expenditure under following CSR Activities:
Education - ^ 18.10 Lakhs, Medical and Healthcare - ^ 5.00 Lakhs
35 Other Statutory Disclosures as per the Companies Act, 2013
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 traded or invested in Crypto currency or Virtual Currency during the financial year.
The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the Companies
Act, 2013) or consortium thereof or other lender in accordance with the guidelines on wilful defaulters issued by the
Reserve Bank of India.
The Company has not revalued any of its Property, Plant and Equipment during the year.
There are no charges or satisfaction yet to be registered with Registrar of Companies (ROC) beyond the statutory
period.
There is no transaction with the stuck-off company during the year ended 31st March 2025.
The company has not granted loans to promoters, directors, KMPs either severally or jointly with any other person, that
are repayable on demand or without specifying any terms or period of repayment during the Year.
The Company is in compliance with the number of layers prescribed under clause (87) of section 2 of the Companies
Act read with the Companies ( Restriction on number of Layers) Rules, 2017. The Company has complied with the
provisions of section 186 of the Act in respect of loans granted, investments made and guarantees and securities
provided, as applicable
The company has not entered into any Scheme of Arrangements which has been approved by the Competent Authority
in terms of sections 230 to 237 of the Companies Act, 2013.
The Company has not incurred any Cash Loss during the year (P.Y. - NIL)
No immovable properties are held in the name of the Company as at the Balance Sheet date.
There were no investor complaints, known to the Company, outstanding as on 31st March, 2025
There is no income surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961, that has not been recorded in the books of account.
The Company publishes these Standalone Financials along with the consolidated Financials. In accordance with AS 17
‘Segment Reporting', the Company has disclosed the segment information in the consolidated Financials.
36 The Board of the Company has approved on 13th February, 2025, The Corporate Guarantee of upto ^. 120 Cr on behalf
of its one of the subsidiary M/s Nisus Finance Project LLP on such terms and conditions as may be deemed appropriate
by the authorized signatories, for securing the due repayment of the Loan, interest, penalties, and other amounts
owed under the loan agreement between the Borrower and the Lender for business purposes.
During the year, No Corporate Guarantee has been issued on behalf of its subsidiary/ Group companies.
37 Regrouping
All values are rounded off to the nearest rupees in Lakhs, except where otherwise indicated. The Figures for the
corresponding previous year have been regrouped /reclassifed wherever necessaey to make them comparable.
38 IPO Issue Proceeds
The Company has issued and allotted 56,45,600 equity shares of ^. 10 each fully paid up for cash at a price of ^ 180/-
each including premium of ^ 170/-per share each by way of Initial Public Offer (“IPO”) aggregating to ^ 10,162.08
Lakhs and got listed on SME Platform of Bombay Stock Exchange Limited on 11th December, 2024. The details of
utilization of IPO Issue Proceeds as on 31st March 2025 is mentioned below:
As per our report of even date For and on behalf of the Board of
For Sanjay Raja Jain & Co. Nisus Finance Services Co Limited
Chartered Accountants (formerly known as Nisus Finance Services Co Private Limited)
Firm's Registration No. 120132W
CA Surjeet Jain Amit Goenka
(Partner) Chairman and Managing Director
Membership No. 129531 DIN: 02778565
UDIN: 5129531BMLFYR5204
CA Sunil Maheshwari CS Ruksana Istak Khan
Chief Financial Officer Company Secretary
PAN: BJVPM9408H PAN: CFSPK8678B
Place: Mumbai
Date: 29th May, 2025
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