Virtus XBRL PDF f

VIRTUS IT SERVICES PRIVATE LIMITED
Standalone Financial Statements for period 01/04/2022 to 31/03/2023
[400100] Disclosure of general information about company

Unless otherwise specified, all monetary values are in INR
01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
VIRTUS IT SERVICES
Name of company PRIVATE LIMITED
Corporate identity number U74999KL2004PTC017060
Permanent account number of entity AADCM9262C
MODULE NO.A, BASEMENT
GAYATRI, TECHNOPARK
Address of registered office of company CAMPUS KARIAVATTOM
Thiruvananthapuram KL
695581 IN
Commercial and
Type of industry Industrial
Registration date 22/04/2004
Company limited by
Category/sub-category of company Shares/Non-govt company
Whether company is listed company No
Number of employees in the company at the end of the financial Year 1
Whether company has published sustainability report for the financial
No
Year
Date of board meeting when final accounts were approved 26/06/2023
Date of start of reporting period 01/04/2022 01/04/2021
Date of end of reporting period 31/03/2023 31/03/2022
Nature of report standalone consolidated Standalone
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Actual
Type of cash flow statement Indirect Method
Whether company is maintaining books of account and other
No
relevant books and papers in electronic form
[400400] Disclosures - Directors report
Details of directors signing board report [Table] ..(1)

Directors signing board report [Axis] 1 2
01/04/2022 01/04/2022
to to
31/03/2023 31/03/2023
Details of signatories of board report [Abstract]
Details of directors signing board report [LineItems]
Name of director signing board report [Abstract]
KOLANGIKOMBIL
LEELAMMA
First name of director THOMAS
MATHEW
MATHEW
Designation of director Director Managing Director
Director identification number of director 00297188 00297280
Date of signing board report 26/06/2023 26/06/2023
VIRTUS IT SERVICES PRIVATE LIMITED Standalone Financial Statements for period 01/04/2022 to 31/03/2023

01/04/2022
to
31/03/2023
Textual information (1)
Disclosure in board of directors report explanatory [TextBlock] [See below]
Description of state of companies affair [See below]
5. AMOUNT TRANSFERRED
Disclosure relating to amounts if any which is proposed to carry to any TO RESERVES No amount
reserves transferred to reserves
during the year.
Disclosures relating to amount recommended to be paid as dividend [See below]
Details regarding energy conservation [See below]
Details regarding technology absorption [See below]
Details regarding foreign exchange earnings and outgo [See below]
Disclosures in director’s responsibility statement [See below]
Details of material changes and commitment occurred during period Textual information (8)
affecting financial position of company [See below]
Particulars of loans guarantee investment under section 186 [TextBlock] [See below]
Particulars of contracts/arrangements with related parties under section Textual information (10)
188(1) [TextBlock] [See below]
Whether there are contracts/arrangements/transactions not at arm's
No
length basis
Whether there are material contracts/arrangements/transactions at
No
arm's length basis
Date of board of directors' meeting in which board's report referred
26/06/2023
to under section 134 was approved
Disclosure of extract of annual return as provided under section 92(3) Textual information (11)
[TextBlock] [See below]
Disclosure of statement on declaration given by independent directors Textual information (12)
under section 149(6) [TextBlock] [See below]
Disclosure for companies covered under section 178(1) on
directors appointment and remuneration including other matters [See below]
provided under section 178(3) [TextBlock]
Disclosure of statement on development and implementation of risk Textual information (14)
management policy [TextBlock] [See below]
Details on policy development and implementation by company on
corporate social responsibility initiatives taken during year [See below]
[TextBlock]
Disclosure as per rule 8(5) of companies accounts rules 2014 [TextBlock]
Disclosure of financial summary or highlights [TextBlock] [See below]
Disclosure of change in nature of business [TextBlock] [See below]
Details of directors or key managerial personnels who were Textual information (18)
appointed or have resigned during year [TextBlock] [See below]
Disclosure of companies which have become or ceased to be its
subsidiaries, joint ventures or associate companies during [See below]
year [TextBlock]
Details relating to deposits covered under chapter v of companies act Textual information (20)
Details of deposits which are not in compliance with requirements N O T
of chapter v of act [TextBlock] APPLICABLE
Details of significant and material orders passed by
regulators or courts or tribunals impacting going concern [See below]
status and company’s operations in future [TextBlock]
Details regarding adequacy of internal financial controls with Textual information (22)
reference to financial statements [TextBlock] [See below]
Disclosure of appointment and remuneration of managerial personnels Textual information (23)
Number of meetings of board 5
2
Disclosure in board of directors report explanatory [Text Block]

Directors Report
To:
The Members
The Directors have pleasure in presenting their Nineteenth Annual Report on the business and operations of the Company and the accounts
for the Financial Year ended 31 st March 2023.
Financial summary or highlights/Performance of the Company:
During the financial year, the total turnover of the Company was NIL.
For the Year Ending For the Year Ending

Financial Highlights
31 March 2023 (INR) 31 March 2022 (INR)
Turnover and other receipts 8,000 7,000
Profit/(Loss) before financing charges, depreciation and Taxation (1,63,000) (5,28,000)
Profit/(Loss) before depreciation and Taxation (1,63,000) (5,28,000)
Profit/(Loss) before tax (1,74,000) (5,45,000)
Profit/(Loss) after tax (1,74,000) (5,45,000)
Surplus/(Deficit) carried to balance sheet (1,74,000) (5,45,000)
Dividend:
No Dividend was declared for the current financial year.
Transfer of Unclaimed Dividend to Investor Education and Protection Fund:
The provisions of Section 125(2) of the Companies Act, 2013 do not apply since there was no dividend declared and paid last year.
Review of Business Operations and Future Prospects:
The Directors are optimistic about company’s business. There is no change in the nature of business of company.
AMOUNT TRANSFERRED TO RESERVES
No amount transferred to reserves during the year.
CHANGES IN SHARE CAPITAL DURING THE FINANCIAL YEAR, IF ANY

There is no change in the share capital of the company during the Financial Year 2022-23
As on date of this report the Authorised Capital of the company is Rs. 1,00,000,000/- (Rupees Ten Crore only) divided into 10,000,000 (One
Crore) equity shares of Rs. 10/- (Rupees Ten only) each. The total issued, subscribed and paid up capital of the Company as on the date of
the report is Rs 6,87,55,990/- (Six Crore Eighty Seven Lakh Fifty Five Thousand Nine Hundred and Ninety only) divided into 68,75,599
(Sixty Eight Lakh Seventy Five Thousand Five Hundred and Ninety Nine) equity shares of Rs. 10/- (Rupees Ten only) each.
Material Changes and Commitments, If Any, Affecting the Financial Position of the Company Which have Occurred Between the End of the
Financial Year of the Company to Which the Financial Statements Relate and the Date of the Report:
There are no material changes and commitments affecting the Financial Position of the Company between the end of the Financial Year to
which the financial statements relate and the date of the report.
DISCLOSURE REGARDING ISSUE OF EQUITY SHARES WITH DIFFERENTIAL RIGHTS
The company has not issued any equity shares with differential rights during the financial year.
DISCLOSURE REGARDING ISSUE OF EMPLOYEES STOCK OPTIONS
The company has not issued any employees stock options during the financial year.
DISCLOSURE REGARDING ISSUE OF SWEAT EQUITY SHARES
The company has not issued any sweat equity shares during the financial year.
DIRECTORS
Board of Directors of the Company is duly constituted and the present structure as in the date of this report is as follows:
Status- Executive/
SL Date of category-independent/
Name Designation Resident/non non
No Appointment DIN non independent
resident executive
3
KOLANGIKOMBIL
1 Director 22/04/2004 Non Independent EXECUTIVE
THOMAS MATHEW 00297188 Non Resident
2 LEELAMMA MATHEW ManagingDirector 22/04/2004 Non Independent EXECUTIVE

00297280 Non Resident
3 THOMAS MATHEW Director 22/04/2004 00297058 Non Independent EXECUTIVE

Non Resident
4 SAUD AYBE ALJENAIE Director 23/07/2011 Non Independent EXECUTIVE

5 SHARAT THOMAS Director 01/05/2022 06401439 Resident Non Independent EXECUTIVE
As on the date of the report, Mr. Sharat Thomas, Director of the company is resident Director in compliance of section 149(3) of the
Companies Act, 2013.
CORPORATE GOVERNANCE REPORT:
The Corporate Governance Standards prescribed by SEBI are not applicable to the Company as the Company is an Unlisted Company.
KEY MANAGERIAL PERSONNEL:
The Company is not covered under section 203 of the Companies Act, 2013 and Rule 8 of the Companies (Appointment and Remuneration
of Managerial Personnel) Rules, 2014 and hence appointment of Key Managerial Personnel is not mandatory.
THE DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL WHO WERE APPOINTED OR HAVE RESIGNED DURING
THE YEAR
Mr. Sharat Thomas appointed as Additional Director with effect from 01.05.2022 and re appointed as Director at the AGM held on
22.07.2022. There is no Director or Key Managerial Personnel resigned during the Financial Year under review. Mr. Santosh John Ross,
Company secretary of the Company resigned from the Company with effect from 04.06.2022.
MEETINGS OF THE BOARD OF DIRECTORS:
During the financial year 2022-23, the company held Five meetings of the Board of Directors as per Section 173 of Companies Act, 2013
which is summarized below. The provisions of Companies Act, 2013 was adhered while considering the time gap between two meetings.
Shareholding in the Company (Face

Attendance
Name of the value of Rs. 10/- each)
particulars
Director (Total 68,75,599 shares)
Shareholders
Board Meetings
Meetings
AGM
26.04.2022 27.06.2022 05.09.2022 01.11.2022 30.01.2023 22.07.2022
1,000
Kolangikombil
P P P P P P (0.01
Thomas Mathew
%)
1,000
Leelamma Mathew P P P P P P (0.01
%)
4
1000
Thomas Mathew P P P P P P (0.01
%)
Saud Aybe Aljenaye P × × × P P NIL
Sharat Thomas NA P × × P P NIL
NUMBER OF COMMITTEE MEETINGS HELD AND THE DATE ON WHICH HELD
The Board has not constituted any Committee of Board of Directors.

CODE OF CONDUCT
The Company being an Unlisted Company the Code of Conduct for the Board Members and Senior Management is not applicable for the
Company.
INDEPENDENT DIRECTORS & STATEMENT OF DECLARATION
As per Section 149(4) and Rule 4 of the Companies (Appointment and Qualification of Directors) Rules, 2014, the Company is not required
to appoint an Independent Director.
WOMEN DIRECTOR
The Company is not required to appoint a Woman Director as per Section 149(1) of the Companies Act, 2013.
NOMINATION AND REMUNERATION COMMITTEE & POLICY
The Company being a Private Company Section 178 relating to Nomination and Remuneration Committee is not applicable to the Company.
DETAILS OF THE REMUNERATION PAID TO MANAGING DIRECTOR FOR THE YEAR:

No remuneration is paid to Managing Director or executive directors during the year under review.
REMUNERATION PAID TO NON-EXECUTIVE DIRECTORS

Company has not paid any remuneration to its Non-Executive Directors.
PARTICULARS OF EMPLOYEES
During the period under review, no employee of the Company has received remuneration at a rate, which, in the aggregate was more than Rs.
8,50,000/- or more per month or Rs.10,200,000/- or more per annum and no employee was in receipt of remuneration in that year which, in
the aggregate, or as the case may be, at a rate which, in the aggregate, is in excess of that drawn by the managing director or whole-time
director or manager and holds by himself or along with his spouse and dependent children, not less than two percent of the equity shares of
the company and hence there was no requirement of a statement under Rule 5(2) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014.
AUDIT COMMITTEE
The Company being a Private Company Section 177 of the Companies Act 2013 relating to Audit Committee is not applicable to the
Company.
VIGIL MECHANISM
The Company is not covered under section 177 (9) of the Companies Act, 2013 and Rule 7 of the Companies (Meetings of Board and its
Powers) Rules, 2014 hence not required to establish Vigil Mechanism.
STAKEHOLDERS RELATIONSHIP COMMITTEE (APPLICABLE COMPANIES)

The Company is not required to constitute a Stakeholders Relationship Committee under section 178 of the Companies Act, 2013.
STATUTORY AUDITORS:
M/s. Thomas Jacob & Co, Chartered Accountants,(Firm Reg No. 004403S) was appointed as the Statutory Auditors of the Company at the
17 th Annual General Meeting for Five years from the conclusion of 17 th Annual General Meeting to the conclusion of the 22 nd Annual
General Meeting
AUDITORS’ REPORT:
There are no qualifications, reservations or adverse remarks in the Auditors’ Report which require any clarification/explanation. The Notes
on financial statements are self-explanatory and needs no further explanation.
COST AUDITORS
The Company is not required to appoint Cost Auditor under section 148 of the Companies Act, 2013.
SECRETARIAL AUDIT REPORT

The Company is not covered under section 204 of the Companies Act, 2013 and hence not required to annex a Secretarial Audit Report.
DEPOSITS:
In terms of the provisions of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014, as
amended, the Company has not accepted any deposits and as such no amount of principal or interest was outstanding as on the date of the
Balance Sheet. However, the outstanding balance of unsecured interest free loan from Director is as follows.
5
Name of Director Unsecured Loan (Amount in Rs.)
Mr. KT Mathew 1,44,74,712
Ms. Leelamma Mathew 26,27,616
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:

There were no loans, guarantees or investments made by the Company under Section 186 of the Companies Act, 2013 during the year under
review and hence the said provision is not applicable.
SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES:

During the period of report the Company had no Subsidiaries, Joint ventures and Associate Companies. This information may be considered
as per Rule 8(5) of the Companies (Accounts) Rules, 2014.
During the year no Companies have become or ceased to become Subsidiaries, Joint ventures and Associate Companies.
Company is a subsidiary of VIRTUS GROUP GENERAL TRADING & CONTRACTING CO. WLL
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

There are no materially significant related party transactions made by the company with Promoters, Directors, Key Managerial Personnel or
other designated persons which may have a potential conflict with the interest of the company at large and approval of the Board of Directors
& Shareholders was obtained wherever required.
CORPORATE SOCIAL RESPONSIBILITY (CSR):
The Company has not developed and implemented any Corporate Social Responsibility initiatives since Section 135 of the Companies Act,
2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014 are not applicable
DISCLOSURES UNDER SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION & REDRESSAL)
ACT, 2013
During the Financial Year, there were no cases reported or filed regarding sexual harassment of women at workplace.
FRAUD REPORTING
During the Financial Year, no cases regarding fraud have been reported to the Board/Central Government.
DETAILS OF SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNAL
No order has been passed by the Regulators/Courts/Tribunal which impacts the going concern status or Company’s operations.
VOLUNTARY REVISION OF FINANCIAL STATEMENTS OR BOARD’S REPORT

There was no voluntary revision of Financial Statements or Board’s Report in respect of the preceding three financial years.
STATEMENT IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROL WITH REFERENCE TO THE FINANCIAL
STATEMENTS
The Company has adequate internal control and process on place with respective Financial Statements which provides reasonable assurance
regarding the reliability of financial reporting and the preparation of financial Statements. This Controls and processes are driven through
various policies, procedures and certification. The processes and controls are reviewed periodically. The Company has a mechanism of
testing the controls at regular intervals for their design and operating effectiveness to ascertain the reliability and authenticity of financial
information.
FORMAL ANNUAL EVALUATION

Section 134 (3) (p) relating to Annual Evaluation of Board, Committee and its members is not applicable to the Company as the Company is
an unlisted Private Company.
RISK MANAGEMENT POLICY:

The Company does not have any Risk Management Policy since the elements of risk threatening the Company’s existence are very minimal.
CONSERVATION OF ENERGY ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:
Provisions of Section 134(m) of Companies Act, 2013 do not apply to our Company. There was no foreign exchange inflow or Outflow
during the year under review.
DIRECTORS’ RESPONSIBILITY STATEMENT:
Pursuant to Clause c of sub-section (3) of Section 134 of Companies Act, 2013 the Board of Directors of the Company confirms that
in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to
material departures;
the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and
prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the
company for that period;
the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of
this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
the directors had prepared the annual accounts on a going concern basis; and
the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate
and operating effectively.
ACKNOWLEDGEMENT:
The Directors place on record their gratitude to the Central and State Government as well as the Company’s Bankers for the assistance,
co-operation and encouragement they have extended to the company. The Directors also wish to place on record their sincere thanks and
appreciation for the continuing support and unstinting efforts of Investors, Customers, Vendors and Employees for their all-around
6
operational performance.
For and on behalf of the Board
Kuwait KT MATHEW LEELAMMA MATHEW
26 June 2023 Director Managing Director
DIN: 00297188 DIN: 00297280
Description of state of companies affair

1. FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY: During the financial year, the total turnover of
the Company was NIL. FINANCIAL HIGHLIGHTS FOR THE YEAR ENDING 31 MARCH 2023 (INR) FOR THE YEAR ENDING 31
MARCH 2022 (INR) Turnover and other receipts 8,000 7,000 Profit/(Loss) before financing charges, depreciation and Taxation (1,63,000)
(5,28,000) Profit/(Loss) before depreciation and Taxation (1,63,000) (5,28,000) Profit/(Loss) before tax (1,74,000) (5,45,000) Profit/(Loss)
after tax (1,74,000) (5,45,000) Surplus/(Deficit) carried to balance sheet (1,74,000) (5,45,000)
Disclosures relating to amount recommended to be paid as dividend

2. DIVIDEND: No Dividend was declared for the current financial year. 3. TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR
EDUCATION AND PROTECTION FUND: The provisions of Section 125(2) of the Companies Act, 2013 do not apply since there was no
dividend declared and paid last year.
Details regarding energy conservation

43. CONSERVATION OF ENERGY ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND
OUTGO: Provisions of Section 134(m) of Companies Act, 2013 do not apply to our Company. There was no foreign exchange inflow or
Outflow during the year under review.
Details regarding technology absorption

Details regarding foreign exchange earnings and outgo

7
Disclosures in director’s responsibility statement

44. DIRECTORS’ RESPONSIBILITY STATEMENT: Pursuant to Clause c of sub-section (3) of Section 134 of Companies Act, 2013 the
Board of Directors of the Company confirms that a) in the preparation of the annual accounts, the applicable accounting standards have been
followed along with proper explanation relating to material departures; b) the directors had selected such accounting policies and applied
them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs
of the company at the end of the financial year and of the profit and loss of the company for that period; c) the directors had taken proper and
sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of
the company and for preventing and detecting fraud and other irregularities; d) the directors had prepared the annual accounts on a going
concern basis; and e) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such
systems were adequate and operating effectively.
Details of material changes and commitment occurred during period affecting financial position of company
38. DETAILS OF SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNAL No order
has been passed by the Regulators/Courts/Tribunal which impacts the going concern status or Company’s operations.
Particulars of loans guarantee investment under section 186 [Text Block]

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:
There were no loans, guarantees or investments made by the Company under Section 186 of the Companies Act, 2013 during the year under
review and hence the said provision is not applicable.
Particulars of contracts/arrangements with related parties under section 188(1) [Text Block]
PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:
There are no materially significant related party transactions made by the company with Promoters, Directors, Key Managerial Personnel or
other designated persons which may have a potential conflict with the interest of the company at large and approval of the Board of Directors
& Shareholders was obtained wherever required.
8
Disclosure of extract of annual return as provided under section 92(3) [Text Block]
Annexure I
Form No. MGT-9
EXTRACT OF ANNUAL RETURN
as on the financial year ended on 31 March 2023
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies (Management and Administration) Rules, 2014]
REGISTRATION AND OTHER DETAILS:
CIN : U74999KL2004PTC017060
Registration Date : 22/04/2004
Name of the Company : VIRTUS IT SERVICES PRIVATE LIMITED
Category /
Sub-Category of the Company : PRIVATE LIMITED COMPANY,
LIMITED BY SHARES
Address of the Registered office
and contact details : Module No. A, Basement, Gayatri, Technopark Campus, Kariavattom,
Thiruvananthapuram 695581, Kerala, India
Whether listed company : Yes / No
Name, Address and Contact details
of Registrar and Transfer Agent, if any :NA
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:
# Name and Description of main products / services NIC Code of the Product/ service % to total turnover of the company
1 Software development and IT/ITES 62011 NA
PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:

No. of Companies for which information is being filled – 1
Sl.
CIN/GLN Holding/ Subsidiary/ % of Shares Applicable
Name And Address Of The Company
Associate Held Section
No
VIRTUS GROUP GENERAL TRADING & Section

1 NA Holding Company 86.62 %
CONTRACTING CO. WLL 2(87)(ii)
SHARE HOLDING PATTERN(Equity Share Capital Breakup as percentage of Total Equity):

Category-wise Share Holding:
%
Category of No. of Shares held at the beginning No. of Shares held at the end of Change
Shareholders of the year[As on 01-APRIL-2022] the year[As on 31-March-2023] during
the year
% of % of
Demat Physical Total Total Demat Physical Total Total
Shares Shares
Promoters
Indian
Individual/ HUF NIL 3,000 3,000 0.04 NIL 3,000 3,000 0.04 NIL
9
Central Govt NIL NIL NIL NIL NIL NIL NIL NIL NIL
State Govt(s) NIL NIL NIL NIL NIL NIL NIL NIL NIL
Bodies Corp. NIL 9,17,022 9,17,022 13.34 NIL 9,17,022 9,17,022 13.34 NIL
Banks / FI NIL NIL NIL NIL NIL NIL NIL NIL NIL
Any other NIL NIL NIL NIL NIL NIL NIL NIL NIL
Sub-total (A)(1):- NIL 9,20,022 9,20,022 13.38 NIL 9,20,022 9,20,022 13.38 NIL
Foreign NIL 59,55,577 59,55,577 86.62 NIL 59,55,577 59,55,577 86.62 NIL
Total shareholding of Promoter (A) NIL 68,75,599 68,75,599 100 NIL 68,75,599 68,75,599 100 NIL
Public Share holding
Institutions
Mutual Funds NIL NIL NIL NIL NIL NIL NIL NIL NIL
Banks / FI NIL NIL NIL NIL NIL NIL NIL NIL NIL
Central Govt NIL NIL NIL NIL NIL NIL NIL NIL NIL
State Govt(s) NIL NIL NIL NIL NIL NIL NIL NIL NIL
Venture Capital Funds NIL NIL NIL NIL NIL NIL NIL NIL NIL
Insurance Companies NIL NIL NIL NIL NIL NIL NIL NIL NIL
FIIs NIL NIL NIL NIL NIL NIL NIL NIL NIL
Foreign Venture Capital Funds NIL NIL NIL NIL NIL NIL NIL NIL NIL
Others (specify) NIL NIL NIL NIL NIL NIL NIL NIL NIL
Sub-total (B)(1):- NIL NIL NIL NIL NIL NIL NIL NIL NIL
Non-Institutions
Bodies Corp.
10
Indian NIL NIL NIL NIL NIL NIL NIL NIL NIL
Overseas NIL NIL NIL NIL NIL NIL NIL NIL NIL
Individuals
Individual shareholders holding nominal share capital

NIL NIL NIL NIL NIL NIL NIL NIL NIL
upto Rs. 1 lakh
Individual shareholders holding nominal share capital in

excess of Rs 1 lakh
Others
(specify)
Sub-total (B)(2):- NIL NIL NIL NIL NIL NIL NIL NIL NIL
Total Public Shareholding NIL NIL NIL NIL NIL NIL NIL NIL NIL
NIL
Shares held by Custodian for GDRs & ADRs NIL NIL NIL NIL NIL NIL NIL NIL
Grand Total (A+B+C) NIL 68,75,599 68,75,599 100% NIL 68,75,599 68,75,599 100% NIL
Shareholding of Promoters
Shareholding at Shareholding % change in

SN Shareholder’s Name the beginning at the end of shareholding
of the year the year during the year
% of Shares % of total % of Shares

% of total
Pledged / No. of Shares of Pledged /
No. of Shares Shares of the
encumbered to Shares the encumbered to
company
total shares company total shares
1 K T MATHEW 1,000 0.01% NIL 1,000 0.01% NIL NIL
2 LEELAMMA MATHEW 1,000 0.01% NIL 1,000 0.01% NIL NIL
VIRTUS GROUP
GENERAL TRADING &
3 59,55,577 86.62% NIL 59,55,577 86.62% NIL NIL
CONTRACTING CO.
WLL
VIRTUS INVESTMENTS
4 98,030 1.43% NIL 98,030 1.43% NIL NIL
INDIA PVT LTD
5 THOMAS MATHEW 1,000 0.01% NIL 1,000 0.01% NIL NIL
MANARA PROPERTIES
6 8,18,992 11.91 NIL 8,18,992 11.91 NIL NIL
PRIVATE LIMITED
11
Change in Promoters’ Shareholding (please specify, if there is no change)

During the Financial Year there was no change in the promoters’ shareholding.
Shareholding Pattern of top ten Shareholders: (Other than Directors, Promoters and Holders of GDRs and ADRs): NA
Shareholding of Directors and Key Managerial Personnel
Shareholding at the beginning

# Cumulative Shareholding during the year
of the year
% of total % of total
No. of shares shares of the No. of shares shares of the
company company
1 LEELAMMA MATHEW
At the beginning of the year 1,000 0.01% 1,000 0.01
Increase/Decrease in shareholding NIL NIL
At the end of the year 1,000 0.01% 1,000 0.01
2 KT MATHEW
Increase / Decrease in Share holding during the year NIL NIL
3 THOMAS MATHEW
Increase / Decrease in Share holding during the year NIL NIL
Indebtedness
Indebtedness of the Company including interest outstanding/accrued but not due for payment
Secured Loans excluding Unsecured Total

Deposits
deposits Loans Indebtedness
Indebtedness at the beginning of the financial

year
Principal Amount NIL 17,102,328.00 NIL 17,102,328.00
12
Interest due but not paid NIL NIL NIL NIL
Interest accrued but not due NIL NIL NIL NIL
Total (i+ii+iii) NIL 17,102,328.00 NIL 17,102,328.00
Change in Indebtedness during the financial

year
Addition NIL NIL NIL NIL
Reduction NIL NIL NIL NIL
Net Change NIL NIL NIL NIL
Indebtedness at the end of the financial year
Principal Amount NIL 17,102,328.00 NIL 17,102,328.00
Interest due but not paid NIL NIL NIL NIL
Interest accrued but not due NIL NIL NIL NIL
Total (i+ii+iii) NIL 17,102,328.00 NIL 17,102,328.00
REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL:

1) Remuneration to Managing Director, Whole-time Directors and/or Manager (In Rs.)
Sl. No. Particulars of Remuneration Name of Managing Director/ Whole time Directors/ Manager Total Amount
1 Gross salary NIL NIL NIL
(a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 - - -
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 - -
(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961 - -
2 Stock Option - -
3 Sweat Equity - -
13
4 Commission - -
- as % of profit
- others, specify…
5 Others, please specify - -
Total (A) NIL NIL NIL
Ceiling as per the Act - - -
2) Remuneration to other directors: NIL
Sl. No. Particulars of Remuneration Name of Director Total Amount
Independent Directors -
Fee for attending board / committee meetings - -
Commission - -
Others, please specify - -
Total (1) - -
2 Other Non-Executive Directors - -
Fee for attending board / committee meetings - -
Commission - -
Others, please specify - - -
Total (2) - -
Total (B)=(1+2) - -
Total Managerial
- -
Remuneration
Overall Ceiling as per the Act NA NA
14
3) Remuneration to Key Managerial Personnel Other Than MD/Manager/WTD:
Sl.
Particulars of Remuneration Key Managerial Personnel
No.
Company
CEO CFO Total
Secretary
1 Gross salary - - - -
(a) Salary as per provisions contained in section 17(1) of the

- - -
Income-tax Act, 1961
Salary and allowances - - - -
(b) Value of perquisites u/s 17(2) Income-tax Act, 1961 - - -
(c) Profits in lieu of salary under section 17(3) Income- tax Act, 1961 - - -
2 Stock Option - - - -
3 Sweat Equity - - - -
Commission
4 - as % of profit - - -
- others, specify…
Others, please
5 - - - -
specify
Total (A)+(B)+(C) - - - -
PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES:
Appeal
Authority made,
Section of Brief Details of Penalty /
Type [RD / NCLT if any
the Companies Act Description Punishment/ Compounding fees imposed
/ COURT] (give
Details)
Company
Penalty NIL NIL NIL NIL NIL
Punishment NIL NIL NIL NIL NIL
15
Compounding NIL NIL NIL NIL NIL
Directors
Other Officers In Default
For and on behalf of the Board
Kuwait KT MATHEW LEELAMMA MATHEW
26 June 2023 Director Managing Director
DIN: 00297188 DIN: 00297280
Disclosure of statement on declaration given by independent directors under section 149(6) [Text Block]
INDEPENDENT DIRECTORS & STATEMENT OF DECLARATION
As per Section 149(4) and Rule 4 of the Companies (Appointment and Qualification of Directors) Rules, 2014, the Company is not required
to appoint an Independent Director.
Disclosure for companies covered under section 178(1) on directors appointment and remuneration including
other matters provided under section 178(3) [Text Block]
16
Disclosure of statement on development and implementation of risk management policy [Text Block]
RISK MANAGEMENT POLICY:
The Company does not have any Risk Management Policy since the elements of risk threatening the Company’s existence are very minimal.
Details on policy development and implementation by company on corporate social responsibility initiatives taken
during year [Text Block]
CORPORATE SOCIAL RESPONSIBILITY (CSR):
The Company has not developed and implemented any Corporate Social Responsibility initiatives since Section 135 of the Companies Act,
2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014 are not applicable
Disclosure of financial summary or highlights [Text Block]

Financial summary or highlights/Performance of the Company:
During the financial year, the total turnover of the Company was NIL.
For the Year Ending For the Year Ending

Financial Highlights
31 March 2023 (INR) 31 March 2022 (INR)
Turnover and other receipts 8,000 7,000
Profit/(Loss) before financing charges, depreciation and Taxation (1,63,000) (5,28,000)
Profit/(Loss) before depreciation and Taxation (1,63,000) (5,28,000)
Profit/(Loss) before tax (1,74,000) (5,45,000)
Profit/(Loss) after tax (1,74,000) (5,45,000)
Surplus/(Deficit) carried to balance sheet (1,74,000) (5,45,000)
Disclosure of change in nature of business [Text Block]

Review of Business Operations and Future Prospects:
The Directors are optimistic about company’s business. There is no change in the nature of business of company.
17
Details of directors or key managerial personnels who were appointed or have resigned during year [Text Block]
DIRECTORS
Board of Directors of the Company is duly constituted and the present structure as in the date of this report is as follows:
Status- Executive/
SL Date of category-independent/
Name Designation Resident/non non
No Appointment DIN non independent
resident executive
KOLANGIKOMBIL
1 Director 22/04/2004 Non Independent EXECUTIVE
THOMAS MATHEW 00297188 Non Resident
2 LEELAMMA MATHEW ManagingDirector 22/04/2004 Non Independent EXECUTIVE

3 THOMAS MATHEW Director 22/04/2004 00297058 Non Independent EXECUTIVE

Non Resident
4 SAUD AYBE ALJENAIE Director 23/07/2011 Non Independent EXECUTIVE

5 SHARAT THOMAS Director 01/05/2022 06401439 Resident Non Independent EXECUTIVE
As on the date of the report, Mr. Sharat Thomas, Director of the company is resident Director in compliance of section 149(3) of the
Companies Act, 2013.
Disclosure of companies which have become or ceased to be its subsidiaries, joint ventures or associate companies
during year [Text Block]
SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES:
During the period of report the Company had no Subsidiaries, Joint ventures and Associate Companies. This information may be considered
as per Rule 8(5) of the Companies (Accounts) Rules, 2014.
During the year no Companies have become or ceased to become Subsidiaries, Joint ventures and Associate Companies.
Company is a subsidiary of VIRTUS GROUP GENERAL TRADING & CONTRACTING CO. WLL
Details relating to deposits covered under chapter v of companies act [Text Block]
DEPOSITS:
In terms of the provisions of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014, as
amended, the Company has not accepted any deposits and as such no amount of principal or interest was outstanding as on the date of the
Balance Sheet. However, the outstanding balance of unsecured interest free loan from Director is as follows.
Name of Director Unsecured Loan (Amount in Rs.)
Mr. KT Mathew 1,44,74,712
Ms. Leelamma Mathew 26,27,616
18
Details of significant and material orders passed by regulators or courts or tribunals impacting going concern
status and company’s operations in future [Text Block]
DETAILS OF SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNAL
No order has been passed by the Regulators/Courts/Tribunal which impacts the going concern status or Company’s operations.
Details regarding adequacy of internal financial controls with reference to financial statements [Text Block]
STATEMENT IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROL WITH REFERENCE TO THE FINANCIAL
STATEMENTS
The Company has adequate internal control and process on place with respective Financial Statements which provides reasonable assurance
regarding the reliability of financial reporting and the preparation of financial Statements. This Controls and processes are driven through
various policies, procedures and certification. The processes and controls are reviewed periodically. The Company has a mechanism of
testing the controls at regular intervals for their design and operating effectiveness to ascertain the reliability and authenticity of financial
information.
Disclosure of appointment and remuneration of managerial personnels [Text Block]

THE DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL WHO WERE APPOINTED OR HAVE RESIGNED DURING
THE YEAR
Mr. Sharat Thomas appointed as Additional Director with effect from 01.05.2022 and re appointed as Director at the AGM held on
22.07.2022. There is no Director or Key Managerial Personnel resigned during the Financial Year under review. Mr. Santosh John Ross,
Company secretary of the Company resigned from the Company with effect from 04.06.2022

DETAILS OF THE REMUNERATION PAID TO MANAGING DIRECTOR FOR THE YEAR:

No remuneration is paid to Managing Director or executive directors during the year under review.
REMUNERATION PAID TO NON-EXECUTIVE DIRECTORS

Company has not paid any remuneration to its Non-Executive Directors
19
[400200] Disclosures - Auditors report
Details regarding auditors [Table] ..(1)

Auditors [Axis] 1
01/04/2022
to
31/03/2023
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
THOMAS JACOB
Name of audit firm & Co
ANAND GEORGE
Name of auditor signing report THOMAS
Firms registration number of audit firm 004403S
Membership number of auditor 224903
2nd Floor, Cliff
Terrace Offices,
YMR Junction,
Address of auditors Nanthencode,
Kowdiar PO,
Thiruvananthapuram
– 695003
Permanent account number of auditor or auditor's firm AAHFT6103A
SRN of form ADT-1 G07518632
Date of signing audit report by auditors 26/06/2023
Date of signing of balance sheet by auditors 26/06/2023
20
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Table] ..(1)
Auditor's
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Axis] favourable remark
[Member]
01/04/2022
to
31/03/2023
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report [Abstract]
Disclosure of auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report
[LineItems]
Textual information
Disclosure in auditors report relating to fixed assets (24) [See below]
2. a) The company
has not held
inventory during the
year and hence the
Disclosure in auditors report relating to inventories provisions of clause
3(ii) of the said
Order are not
applicable to the
company
Textual information
Disclosure in auditors report relating to loans (25) [See below]
Textual information
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013 (26) [See below]
Textual information
Disclosure in auditors report relating to deposits accepted (27) [See below]
Textual information
Disclosure in auditors report relating to maintenance of cost records (28) [See below]
Textual information
Disclosure in auditors report relating to statutory dues [TextBlock] (29) [See below]
Textual information
Disclosure in auditors report relating to default in repayment of financial dues (30) [See below]
Disclosure in auditors report relating to public offer and term loans used for purpose for which Textual information
those were raised (31) [See below]
Disclosure in auditors report relating to fraud by the company or on the company by its officers Textual information
or its employees reported during period (32) [See below]
Textual information
Disclosure in auditors report relating to managerial remuneration (33) [See below]
12. The company is
not a Nidhi
Company.
Therefore, the
Disclosure in auditors report relating to Nidhi Company provisions of Clause
(xii) of paragraph 3
of the order are not
applicable to the
Company.
Textual information
Disclosure in auditors report relating to transactions with related parties (34) [See below]
b) The company has
not made any
preferential
Disclosure in auditors report relating to preferential allotment or private placement of shares or
allotment or private
convertible debentures placement of
shares/debentures
during the year.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected Textual information
with him (35) [See below]
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Textual information
Act, 1934 (36) [See below]

01/04/2022
to
31/03/2023
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company Yes
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
21
Disclosure in auditors report relating to fixed assets

1. a) (i) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant
and Equipment (ii) The Company has maintained proper records showing full particulars of intangible assets. b) The Company has a regular
programme of physical verification of its Property, Plant and Equipment. In our opinion, this periodicity of physical verification is reasonable
having regard to the size of the Company and the nature of its assets. No material discrepancies were noticed on such verification. c) The title
deeds of immovable properties (other than immovable properties where the Company is the lessee and the leases agreements are duly
executed in favour of the lessee) disclosed in the standalone financial statements are held in the name of the Company. d) The Company has
not revalued its Property, Plant and Equipment or intangible assets or both during the year. e) There are no proceedings initiated or pending
against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 and rules made
thereunder
Disclosure in auditors report relating to loans

3. During the year, the company has not made any investments in, provided any guarantee or security or granted any loans or advances in the
nature of loans, secured or unsecured, to companies, firms, limited liability partnerships or any other parties. Therefore, the provisions of
clause 3(iii) of the said Order are not applicable to the company 4. The company has not made any loans, investments, guarantees and
security on which provisions of section 185 and 186 of the Companies Act 2013 are applicable. Therefore, the provisions of clause 3(iv) of
the said Order are not applicable to the company
Disclosure in auditors report relating to compliance with Section 185 and 186 of Companies Act, 2013
4. The company has not made any loans, investments, guarantees and security on which provisions of section 185 and 186 of the Companies
Act 2013 are applicable. Therefore, the provisions of clause 3(iv) of the said Order are not applicable to the company
Disclosure in auditors report relating to deposits accepted

5. In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits from public.
Therefore, the provisions of Clause (v) of paragraph 3 of the order are not applicable to the Company
Disclosure in auditors report relating to maintenance of cost records

6. As explained to us, the Central Government of India has not specified the maintenance of cost records under sub-section (1) of Section 148
of the Act for any of the products / services of the Company. Therefore, the provisions of Clause (vi) of paragraph 3 of the order are not
applicable to the Company.
Disclosure in auditors report relating to statutory dues [Text Block]

a) The Company is generally regular in depositing undisputed statutory dues including Provident Fund, Employees State Insurance, Income
tax, GST, Cess and other statutory dues with the appropriate authorities to the extent applicable to it. There are no undisputed amounts
payable in respect of such taxes which have remained outstanding as at March 31, 2023 for a period of more than 6 months from the date
they became payable.
b) According to the information and explanations given to us, the company does not have any outstanding statutory dues on account of any
dispute which has not been contested as per the provisions of law.
22
Disclosure in auditors report relating to default in repayment of financial dues

9. a) The Company has not defaulted in repayment of loans and borrowings or in the payment of interest thereon to any lender. b) The
Company has not been declared a willful defaulter by any bank or financial institution or government or government authority. c) The term
loans have been utilized for the purposes for which they were obtained. d) According to the information and explanations given to us and on
an overall examination of the balance sheet of the Company, we report that no funds raised on short-term basis have been used for long-term
purposes by the Company. e) The Company has not taken any funds from any entity or person on account of or to meet the obligations of its
subsidiaries, associates or joint ventures f) The Company has not raised any loans during the year on the pledge of securities held in its
subsidiaries, joint ventures or associate companies
Disclosure in auditors report relating to public offer and term loans used for purpose for which those were raised
10. a) The Company has not raised money by way of initial public offer. Therefore, the provisions of Clause (x)(a) of paragraph 3 of the
order are not applicable to the Company. b) The company has not made any preferential allotment or private placement of shares/debentures
during the year.
Disclosure in auditors report relating to fraud by the company or on the company by its officers or its employees
reported during period
11. a) Based upon the audit procedures performed and information and explanations given to us by the management, we report that no fraud
by the company or on the company by its officers/employees have been noticed or reported during the course of our audit. b) During the year
no report under sub-section (12) of section 143 of the Companies Act has been filed by the auditors in Form ADT-4 as prescribed under rule
13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government. c) As auditors, we did not receive or evidence details
indicating any whistle- blower complaint during the year.
Disclosure in auditors report relating to managerial remuneration

h. With respect to the matter to be included in the Auditors’ Report under Section 197(16) of the Act, in our opinion and according to the
information and explanations given to us, the limit prescribed by section 197 for maximum permissible managerial remuneration is not
applicable to the company.
Disclosure in auditors report relating to transactions with related parties

13. The transactions with related parties are in compliance with Section 177 and 188 of the Act, where applicable and the details of the
related party transactions have been disclosed in the standalone financial statements as required by the applicable accounting standards.
Disclosure in auditors report relating to non-cash transactions with directors or persons connected with him
15. The Company has not entered into any non-cash transactions with its directors or persons connected to its directors and hence, provisions
of Section 192 of the Act are not applicable to the Company.
Disclosure in auditors report relating to registration under section 45-IA of Reserve Bank of India Act, 1934
16. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934 and is also not a Core
Investment Company (CIC) or part of any group (as per the provisions of the Core Investment Companies (Reserve Bank) Directions, 2016
as amended) as defined in the regulations made by the Reserve Bank of India. Accordingly, clause 3(xvi)(a), (b), (c) and (d) of the Order are
not applicable.
23
Disclosure in auditor’s report explanatory [Text Block]

UDIN: 23224903BGRGOX3004
INDEPENDENT AUDITOR’S REPORT
To the Members of
Virtus IT Services Private Limited
Report on the Audit of the Standalone Financial Statements
Opinion
We have audited the accompanying Standalone financial statements of Virtus IT Services Private Limited which comprise the Balance Sheet
as at March 31, 2023, the Statement of Profit and Loss, the Cash Flow Statement for the year then ended and notes to the financial
statements, including a summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements
give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles
generally accepted in India, of the state of affairs of the Company as at March 31, 2023 and its loss and its cash flows for the year ended on
that date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013.
Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements
section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered
Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of
the Companies Act, 2013 and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.
Information other than the financial statements and auditors’ report thereon
The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the
Management Discussion and Analysis, Board’s Report including annexure to Board’s Report, Business Responsibility Report, Corporate
Governance and Shareholder’s Information, if any, but does not include the standalone financial statements and our auditor’s report thereon.
Our opinion on the standalone financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the standalone financial statements, our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the standalone financial statements or our knowledge obtained during
the course of our audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.
Responsibility of Management for the Standalone Financial Statements
The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 with respect to the
preparation of these standalone financial statements that give a true and fair view of the financial position, financial performance, changes in
equity, if any and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the
accounting Standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in
accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other
irregularities; selection and application of appropriate implementation and maintenance of accounting policies; making judgments and
estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were
operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of
the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends
to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
Board of Directors are also responsible for overseeing the company’s financial reporting process.
Auditor’s Responsibility for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement,
whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but
24
is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements
can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit.
We also:
Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or error, design and
perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our
opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate
internal financial controls system in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the
management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related
disclosures in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on
the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to
continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial statements, including the disclosures, and whether the
standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards. From the matters communicated with those charged with governance, we determine
those matters that were of most significance in the audit of the standalone financial statements of the current period and are therefore the key
audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when,
in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of
doing so would reasonably be expected to outweigh the public interest benefits of such communication.
Report on Other Legal and Regulatory Requirements
As required by ‘The Companies (Auditor’s Report) Order, 2020’, issued by the Central Government of India in terms of sub-section (11) of
section 143 of the Act (hereinafter referred to as the “Order”), and on the basis of such checks of the books and records of the Company as
we considered appropriate and according to the information and explanations given to us, we report in “Annexure A”, a statement on the
matters specified in clauses 3 and 4 of the Order.
As required by Section 143(3) of the Act, we report that:
We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit.
In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those
books
The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this Report are in agreement with the books
of account
In our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under Section 133 of the Act,
read with Rule 7 of the Companies (Accounts) Rules, 2014.
On the basis of the written representations received from the directors as on March 31, 2023 taken on record by the Board of Directors, none
of the directors are disqualified as on March 31, 2023 from being appointed as a director in terms of Section 164 (2) of the Act.
Since the Company’s turnover as per last audited financial statements is less than Rs.50 Crores and its borrowings from banks and financial
institutions at any time during the year is less than Rs.25 Crores, the Company is exempted from getting an audit opinion with respect to the
adequacy of its internal financial controls over financial reporting and the operating effectiveness of such controls vide Ministry of Corporate
Affairs Notification dated June 13, 2017.
With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
The Company has disclosed details regarding pending litigations, if any, in the notes to financial statements.
The Company does not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
25
a) The management has represented that, to the best of it’s knowledge and belief, other than as disclosed in the notes to the accounts, 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 person or entity, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing
or otherwise, that the Intermediary shall, whether, 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 on behalf of the Ultimate
Beneficiaries;
b) The management has represented, that, to the best of it’s knowledge and belief, other than as disclosed in the notes to the accounts, no
funds have been received by the company from any person or entity, including foreign entities (“Funding Parties”), with the understanding,
whether recorded in writing or otherwise, that the company shall, whether, 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 on behalf of the Ultimate Beneficiaries; and
c) Based on the audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to
our notice that has caused us to believe that the representations under sub-clause (i) and (ii) above contain any material misstatement.
The company has not declared or paid any dividend during the year in contravention of the provisions of section 123 of the Companies Act,
2013.
Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of accounts using accounting software which has a
feature of recording audit trail (edit log) facility is applicable to the Company with effect from April 1, 2023, and accordingly, reporting
under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 is not applicable for the financial year ended March 31, 2023.
With respect to the matter to be included in the Auditors’ Report under Section 197(16) of the Act, in our opinion and according to the
information and explanations given to us, the limit prescribed by section 197 for maximum permissible managerial remuneration is not
applicable to the company.
For THOMAS JACOB & Co .

Chartered Accountants
F.R.No. 004403S
26
Trivandrum CA.Anand George Thomas B.Com, FCA
June 26, 2023 Partner (Membership No. 224903)
ANNEXURE A TO THE INDEPENDENT AUDITOR’S REPORT
Referred to in the first paragraph under ‘Report on Other Legal and Regulatory Requirements’ of the Independent Auditors’ Report of even
date to the members of Virtus IT Services Private Limited on the standalone financial statements as of and for the year ended March 31,
2023.
According to the information and explanations given to us and on the basis of our examination of the records of the Company, we report that
:-
a) (i) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and
Equipment
(ii) The Company has maintained proper records showing full particulars of intangible assets.
b) The Company has a regular programme of physical verification of its Property, Plant and Equipment. In our opinion, this periodicity of
physical verification is reasonable having regard to the size of the Company and the nature of its assets. No material discrepancies were
noticed on such verification.
c) The title deeds of immovable properties (other than immovable properties where the Company is the lessee and the leases agreements are
duly executed in favour of the lessee) disclosed in the standalone financial statements are held in the name of the Company.
d) The Company has not revalued its Property, Plant and Equipment or intangible assets or both during the year.
e) There are no proceedings initiated or pending against the Company for holding any benami property under the Prohibition of Benami
Property Transactions Act, 1988 and rules made thereunder
a) The company has not held inventory during the year and hence the provisions of clause 3(ii) of the said Order are not applicable to the
company
During the year, the company has not made any investments in, provided any guarantee or security or granted any loans or advances in the
nature of loans, secured or unsecured, to companies, firms, limited liability partnerships or any other parties. Therefore, the provisions of
clause 3(iii) of the said Order are not applicable to the company
The company has not made any loans, investments, guarantees and security on which provisions of section 185 and 186 of the Companies
Act 2013 are applicable. Therefore, the provisions of clause 3(iv) of the said Order are not applicable to the company
In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits from public.
Therefore, the provisions of Clause (v) of paragraph 3 of the order are not applicable to the Company
As explained to us, the Central Government of India has not specified the maintenance of cost records under sub-section (1) of Section 148 of
the Act for any of the products / services of the Company. Therefore, the provisions of Clause (vi) of paragraph 3 of the order are not
applicable to the Company.
a) The Company is generally regular in depositing undisputed statutory dues including Provident Fund, Employees State Insurance, Income
tax, GST, Cess and other statutory dues with the appropriate authorities to the extent applicable to it. There are no undisputed amounts
payable in respect of such taxes which have remained outstanding as at March 31, 2023 for a period of more than 6 months from the date
they became payable.
b) According to the information and explanations given to us, the company does not have any outstanding statutory dues on account of any
dispute which has not been contested as per the provisions of law.
The Company has not surrendered or disclosed any transactions, previously unrecorded as income in the books of account, in the tax
assessments under the Income Tax Act, 1961 as income during the year.
a) The Company has not defaulted in repayment of loans and borrowings or in the payment of interest thereon to any lender.
b) The Company has not been declared a willful defaulter by any bank or financial institution or government or government authority.
c) The term loans have been utilized for the purposes for which they were obtained.
d) According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we report
that no funds raised on short-term basis have been used for long-term purposes by the Company.
e) The Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries, associates or
27
joint ventures
f) The Company has not raised any loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate
companies
a) The Company has not raised money by way of initial public offer. Therefore, the provisions of Clause (x)(a) of paragraph 3 of the order
are not applicable to the Company.
b) The company has not made any preferential allotment or private placement of shares/debentures during the year.
a) Based upon the audit procedures performed and information and explanations given to us by the management, we report that no fraud by
the company or on the company by its officers/employees have been noticed or reported during the course of our audit.
b) During the year no report under sub-section (12) of section 143 of the Companies Act has been filed by the auditors in Form ADT-4 as
prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government.
c) As auditors, we did not receive or evidence details indicating any whistle- blower complaint during the year.
The company is not a Nidhi Company. Therefore, the provisions of Clause (xii) of paragraph 3 of the order are not applicable to the
Company.
The transactions with related parties are in compliance with Section 177 and 188 of the Act, where applicable and the details of the related
party transactions have been disclosed in the standalone financial statements as required by the applicable accounting standards.
The company has an internal audit system commensurate with the size and nature of its business.
The Company has not entered into any non-cash transactions with its directors or persons connected to its directors and hence, provisions of
Section 192 of the Act are not applicable to the Company.
The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934 and is also not a Core Investment
Company (CIC) or part of any group (as per the provisions of the Core Investment Companies (Reserve Bank) Directions, 2016 as amended)
as defined in the regulations made by the Reserve Bank of India. Accordingly, clause 3(xvi)(a), (b), (c) and (d) of the Order are not
applicable.
The company has incurred cash losses in the Financial Year and in the immediately preceding Financial Year
There has been no resignation of the statutory auditors during the year. Accordingly, clause 3(xviii) of the Order is not applicable
On the basis of the financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other
information accompanying the financial statements, the auditor’s knowledge of the Board of Directors and management plans, we are of the
opinion that no material uncertainty exists as on the date of the audit report that company is capable of meeting its liabilities existing at the
date of balance sheet as and when they fall due within a period of one year from the balance sheet date.
There is no unspent amount under sub-section (5) of Section 135 of the Act pursuant to any project. Accordingly, clauses 3(xx)(a) and
3(xx)(b) of the Order are not applicable.
For THOMAS JACOB & Co.

F.R.No. 004403S
Trivandrum CA.Anand George Thomas, B.Com, FCA

June 26, 2023 Partner (Membership No.224903)
[400500] Disclosures - Secretarial audit report

01/04/2022
to
31/03/2023
Disclosure in secretarial audit report explanatory [TextBlock]
Whether secretarial audit report is applicable on company No
28
[100100] Balance sheet

31/03/2023 31/03/2022 31/03/2021
Balance sheet [Abstract]
Equity and liabilities [Abstract]
Shareholders' funds [Abstract]
Share capital 6,87,55,990 6,87,55,990
Reserves and surplus -72,58,033.13 -70,83,643
Total shareholders' funds 6,14,97,956.87 6,16,72,347
Share application money pending allotment 0 0
Minority interest 0 0
Non-current liabilities [Abstract]
Long-term borrowings 1,71,02,328 1,71,02,328
Other long-term liabilities 0 0
Long-term provisions 0 0
Total non-current liabilities 1,71,02,328 1,71,02,328
Current liabilities [Abstract]
Short-term borrowings 0 0
Trade payables 4,19,527.1 21,946
Other current liabilities 32,086 34,549
Short-term provisions 0 1,03,846
Total current liabilities 4,51,613.1 1,60,341
Total equity and liabilities 7,90,51,897.97 7,89,35,016
Assets [Abstract]
Non-current assets [Abstract]
Fixed assets [Abstract]
Tangible assets 4,54,43,495.38 4,54,54,872 4,54,71,875
Intangible assets 0 0
Tangible assets capital work-in-progress 3,17,62,586.69 3,06,62,175
Total fixed assets 7,72,06,082.07 7,61,17,047
Non-current investments 0 0
Deferred tax assets (net) 10,00,711 10,00,711
Long-term loans and advances 0 0
Total non-current assets 7,82,06,793.07 7,71,17,758
Current assets [Abstract]
Current investments 0 0
Inventories 0 0
Trade receivables 13,584 14,002
Cash and bank balances 3,42,834.9 13,85,453.9
Short-term loans and advances 0 0
Other current assets 4,88,686 4,17,802.1
Total current assets 8,45,104.9 18,17,258
Total assets 7,90,51,897.97 7,89,35,016
[400300] Disclosures - Signatories of financial statements
Details of directors signing financial statements [Table] ..(1)

Directors signing financial statements [Axis] 1 2 3
01/04/2022 01/04/2022 01/04/2022
to to to
31/03/2023 31/03/2023 31/03/2023
Details of signatories of financial statements [Abstract]
Details of directors signing financial statements [Abstract]
Details of directors signing financial statements [LineItems]
Name of director signing financial statements [Abstract]
KOLANGIKOMBIL
LEELAMMA
First name of director MATHEW
THOMAS THOMASMATHEW
MATHEW
Designation of director Managing Director Director Director
Director identification number of director 00297280 00297188 00297058
Date of signing of financial statements by director 26/06/2023 26/06/2023 26/06/2023
29
[100400] Cash flow statement, indirect

01/04/2022 01/04/2021
to to 31/03/2021
31/03/2023 31/03/2022
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before extraordinary items and tax -1,74,390.63 -5,44,808
Adjustments for reconcile profit (loss) [Abstract]
Adjustments to profit (loss) [Abstract]
Adjustments for depreciation and amortisation expense 11,376.63 17,000.74
Total adjustments to profit (loss) 11,376.63 17,000.74
Adjustments for working capital [Abstract]
Adjustments for decrease (increase) in trade receivables 418 1,27,620
Adjustments for decrease (increase) in other current assets -70,884 -31,425
Adjustments for increase (decrease) in trade payables 3,97,581.1 19,089
Adjustments for increase (decrease) in other current liabilities -1,06,309 81,373
Total adjustments for working capital 2,20,806.1 1,96,657
Total adjustments for reconcile profit (loss) 2,32,182.73 2,13,657.74
Net cash flows from (used in) operations 57,792.1 -3,31,150.26
Net cash flows from (used in) operating activities before extraordinary
57,792.1 -3,31,150.26
items
Net cash flows from (used in) operating activities 57,792.1 -3,31,150.26
Cash flows from used in investing activities [Abstract]
Other inflows (outflows) of cash (A) -11,00,411.1 (B) -19,73,104
Net cash flows from (used in) investing activities before extraordinary
-11,00,411.1 -19,73,104
items
Net cash flows from (used in) investing activities -11,00,411.1 -19,73,104
Cash flows from used in financing activities [Abstract]
Net cash flows from (used in) financing activities before extraordinary
0 0
items
Net increase (decrease) in cash and cash equivalents before effect of
-10,42,619 -23,04,254.26
exchange rate changes
Net increase (decrease) in cash and cash equivalents -10,42,619 -23,04,254.26
Cash and cash equivalents cash flow statement at end of period 3,42,834.9 13,85,453.9 36,89,708
Footnotes
(A) Increase in Capital Work-in-progress
(B) Increase in Capital Work-in-progress
30
[200100] Notes - Share capital
Disclosure of shareholding more than five per cent in company [Table] ..(1)
Classes of share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share EQUITY SHARES EQUITY SHARES EQUITY SHARES EQUITY SHARES
Virtus Group
Virtus Group General
General Trading Manara Properties Manara Properties
Name of shareholder and Contracting Co
Trading and
Private Limited Private Limited
Contracting Co WLL
WLL
PAN of shareholder AAICM8633L AAICM8633L
Country of incorporation or residence of
KUWAIT KUWAIT INDIA INDIA
shareholder
Number of shares held in company [shares] 59,55,577 [shares] 59,55,577 [shares] 8,18,992 [shares] 8,18,992
Percentage of shareholding in company 86.62% 86.62% 11.91% 11.91%
31
Disclosure of classes of share capital [Table] ..(1)

Equity shares
Classes of share capital [Axis] Share capital [Member]
[Member]
01/04/2022 01/04/2021 01/04/2022
to to 31/03/2021 to
31/03/2023 31/03/2022 31/03/2023
Disclosure of classes of share capital [Abstract]
Disclosure of classes of share capital [LineItems]
Number of shares authorised [shares] 1,00,00,000 [shares] 1,00,00,000 [shares] 1,00,00,000
Value of shares authorised 10,00,00,000 10,00,00,000 10,00,00,000
Number of shares issued [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Value of shares issued 6,87,55,990 6,87,55,990 6,87,55,990
Number of shares subscribed and fully paid [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Value of shares subscribed and fully paid 6,87,55,990 6,87,55,990 6,87,55,990
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Total value of shares subscribed 6,87,55,990 6,87,55,990 6,87,55,990
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Value of shares called 6,87,55,990 6,87,55,990 6,87,55,990
Value of shares paid-up 6,87,55,990 6,87,55,990 6,87,55,990
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
[shares] 0 [shares] 0 [shares] 0
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 6,87,55,990 6,87,55,990 6,87,55,990
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 59,55,577 [shares] 59,55,577 [shares] 59,55,577
Total shares in company held by holding company
or ultimate holding company or by its [shares] 59,55,577 [shares] 59,55,577 [shares] 59,55,577
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
32

Classes of share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2021 01/04/2022 01/04/2021
to 31/03/2021 to to
31/03/2022 31/03/2023 31/03/2022
Type of share EQUITY SHARES EQUITY SHARES
Number of shares authorised [shares] 1,00,00,000 [shares] 1,00,00,000 [shares] 1,00,00,000
Value of shares authorised 10,00,00,000 10,00,00,000 10,00,00,000
Number of shares issued [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Value of shares issued 6,87,55,990 6,87,55,990 6,87,55,990
Number of shares subscribed and fully paid [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Value of shares subscribed and fully paid 6,87,55,990 6,87,55,990 6,87,55,990
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Total value of shares subscribed 6,87,55,990 6,87,55,990 6,87,55,990
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Value of shares called 6,87,55,990 6,87,55,990 6,87,55,990
Value of shares paid-up 6,87,55,990 6,87,55,990 6,87,55,990
Par value per share [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in public offering [shares] 0 [shares] 0 [shares] 0
Number of shares issued as bonus shares [shares] 0 [shares] 0 [shares] 0
Number of shares allotted for
contracts without payment received [shares] 0 [shares] 0 [shares] 0
in cash
Number of shares issued under scheme of
amalgamation
Number of other issues of shares [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of
shares outstanding
Number of shares outstanding at end of period [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599 [shares] 68,75,599
Reconciliation of value of shares outstanding
[Abstract]
Changes in share capital [Abstract]
Increase in share capital during period
[Abstract]
Amount of public issue during period 0 0 0
Amount of bonus issue during period 0 0 0
Amount of issue allotted for
contracts without payment 0 0 0
received in cash during period
Amount of issue under scheme of
0 0 0
amalgamation during period
Amount of other issues during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Share capital at end of period 6,87,55,990 6,87,55,990 6,87,55,990 6,87,55,990
Shares in company held by holding company or
ultimate holding company or by its subsidiaries
or associates [Abstract]
Shares in company held by holding company [shares] 59,55,577 [shares] 59,55,577 [shares] 59,55,577
Total shares in company held by holding company
or ultimate holding company or by its [shares] 59,55,577 [shares] 59,55,577 [shares] 59,55,577
subsidiaries or associates
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
33
Total application money received for

allotment of securities and due for refund 0 0 0
and interest accrued thereon

Equity shares 1
Classes of share capital [Axis]
[Member]
31/03/2021
Reconciliation of number of shares outstanding [Abstract]
Number of shares outstanding at end of period [shares] 68,75,599
Reconciliation of value of shares outstanding [Abstract]
Share capital at end of period 6,87,55,990

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of notes on share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share 0 0
Number of persons on private placement of preference share 0 0
Whether money raised from public offering during year No No
Amount raised from public offering during year 0 0
Amount utilised towards specified purposes for public offering 0 0
Amount remaining unutilised received in respect of public offering 0 0
[200200] Notes - Reserves and surplus
Statement of changes in reserves [Table] ..(1)

Securities
Components of reserves [Axis] Reserves [Member] premium account
[Member]
01/04/2022 01/04/2021 01/04/2022
to to 31/03/2021 to
31/03/2023 31/03/2022 31/03/2023
Statement of changes in reserves [Abstract]
Statement of changes in reserves [LineItems]
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period -1,74,390.63 -5,44,808 0
Other additions to reserves 0 0 0
Total additions to reserves -1,74,390.63 -5,44,808 0
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves -1,74,390.63 -5,44,808 0
Reserves at end of period -72,58,033.13 -70,83,643 -65,38,835 11,87,254
Description of nature and purpose of other
0
reserves/funds
Disclosure of details of transfer to
capital redemption reserve on account 0
of company purchases of own shares
34

Components of reserves [Axis] Securities premium account [Member] Surplus [Member]
01/04/2021 01/04/2022 01/04/2021
to 31/03/2021 to to
31/03/2022 31/03/2023 31/03/2022
Changes in reserves [Abstract]
Additions to reserves [Abstract]
Profit (loss) for period 0 -1,74,390.63 -5,44,808
Other additions to reserves 0 0 0
Total additions to reserves 0 -1,74,390.63 -5,44,808
Appropriations for dividend, dividend tax and
general reserve [Abstract]
Other appropriations 0 0 0
Transfer to general reserve 0 0 0
Total appropriations for dividend,
0 0 0
dividend tax and general reserve
Appropriation towards bonus shares 0 0 0
Total changes in reserves 0 -1,74,390.63 -5,44,808
Reserves at end of period 11,87,254 11,87,254 -84,45,287.13 -82,70,897
Description of nature and purpose of other
0 0 0
reserves/funds
Disclosure of details of transfer to
capital redemption reserve on account 0 0 0
of company purchases of own shares

Components of reserves [Axis] Surplus [Member]
31/03/2021
Reserves at end of period -77,26,089
[200300] Notes - Borrowings
Classification of borrowings [Table] ..(1)

Classification based on time period [Axis] Long-term [Member]
Loans and advances from related
Classification of borrowings [Axis] Borrowings [Member]
parties [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member] Unsecured borrowings [Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 1,71,02,328 1,71,02,328 1,71,02,328 1,71,02,328
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default
0 0 0 0
principal
Outstanding amount of continuing default
0 0 0 0
interest
35
Classification of borrowings [Table] ..(2)

Classification based on time period [Axis] Long-term [Member]
Loans and advances from directors
Classification of borrowings [Axis]
[Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
31/03/2023 31/03/2022
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [LineItems]
Borrowings 1,71,02,328 1,71,02,328
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default principal 0 0
Outstanding amount of continuing default interest 0 0
[201000] Notes - Tangible assets
Disclosure of additional information tangible assets [Table] ..(1)

Company total tangible assets Furniture and fixtures
Classes of tangible assets [Axis] Land [Member]
[Member] [Member]
Owned and leased assets
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
[Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
Disclosure of additional information
tangible assets [Abstract]
tangible assets [LineItems]
Written Down Written Down
Depreciation method tangible assets NA NA
Value Method Value Method
Useful life of
Useful life of the
the assets has
assets has been
been estimated
estimated on a
on a case to
case to case
Useful lives or depreciation rates case basis
NA NA basis within the
tangible assets within the
period
period
prescribed in
prescribed in
Schedule II of
Schedule II of
the Act
the Act

Computer equipments Other tangible assets
Classes of tangible assets [Axis] Office equipment [Member]
[Member] [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member] Owned assets [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to to to to to
31/03/2023 31/03/2022 31/03/2023 31/03/2022 31/03/2023 31/03/2022
tangible assets [LineItems]
Written Down Written Down Written Down Written Down
Depreciation method tangible assets Value Method Value Method Value Method Value Method
Useful life of the Useful life of the Useful life of the Useful life of the
assets has been assets has been assets has been assets has been
estimated on a estimated on a estimated on a estimated on a
case to case case to case case to case case to case
Useful lives or depreciation rates
basis within the basis within the basis within the basis within the
tangible assets period period period period
prescribed in prescribed in prescribed in prescribed in
Schedule II of Schedule II of Schedule II of Schedule II of
the Act the Act the Act the Act
36

Classes of tangible assets [Axis] Books periodicals [Member]
Sub classes of tangible assets [Axis] Owned assets [Member]
01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of additional information tangible assets [Abstract]
Disclosure of additional information tangible assets [LineItems]
Written Down Written Down Value
Depreciation method tangible assets Value Method Method
Useful life of the
Useful life of the
assets has been
assets has been
estimated on a case
estimated on a case to
to case basis within
Useful lives or depreciation rates tangible assets the period
case basis within the
period prescribed in
prescribed in
Schedule II of the
Schedule II of the
Act
Act
Disclosure of tangible assets [Table] ..(1)

Classes of tangible assets [Axis] Company total tangible assets [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to 31/03/2021 to to 31/03/2021
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Disclosure of tangible assets [Abstract]
Disclosure of tangible assets
[LineItems]
Reconciliation of changes in
Changes in tangible assets
[Abstract]
Additions other than through
business combinations tangible 0 0 0 0
assets
Acquisitions through
business combinations 0 0 0 0
tangible assets
Depreciation tangible assets -11,376.62 -17,003
Impairment loss
recognised in profit or 0 0
loss tangible assets
Reversal of impairment loss
recognised in profit or loss 0 0
tangible assets
Revaluation increase
0 0 0 0
(decrease) tangible assets
Disposals tangible assets
[Abstract]
0 0 0 0
through demergers
Disposals tangible assets,
0 0 0 0
others
Total disposals tangible
0 0 0 0
assets
Other adjustments tangible
assets [Abstract]
Increase (decrease) through
net exchange differences 0 0 0 0
tangible assets
0 0 0 0
assets, others
Total other adjustments
0 0 0 0
tangible assets
Total changes in tangible
-11,376.62 -17,003 0 0
assets
Tangible assets at end of period 4,54,43,495.38 4,54,54,872 4,54,71,875 4,94,82,842 4,94,82,842 4,94,82,842
37

Classes of tangible assets [Axis] Company total tangible assets [Member] Land [Member]
Sub classes of tangible assets [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and Accumulated depreciation and impairment
Carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to 31/03/2021 to to 31/03/2021
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
business combinations tangible 0 0
assets
business combinations 0 0
tangible assets
Depreciation tangible assets 11,376.62 17,003 0 0
Impairment loss
recognised in profit or 0 0 0 0
recognised in profit or loss 0 0 0 0
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
net exchange differences 0 0
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
11,376.62 17,003 0 0
assets
Tangible assets at end of period 40,39,346.62 40,27,970 40,10,967 4,53,90,500 4,53,90,500 4,53,90,500
38

Classes of tangible assets [Axis] Land [Member]
Gross carrying amount [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to 31/03/2021 to to 31/03/2021
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 0 0
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 0 0
assets
Tangible assets at end of period 4,53,90,500 4,53,90,500 4,53,90,500 0 0 0
39

Classes of tangible assets [Axis] Furniture and fixtures [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to 31/03/2021 to to 31/03/2021
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets -9,520.45 -13,986
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
-9,520.45 -13,986 0 0
assets
Tangible assets at end of period 24,514.55 34,035 48,021 23,79,539 23,79,539 23,79,539
40

Classes of tangible assets [Axis] Furniture and fixtures [Member] Office equipment [Member]
Sub classes of tangible assets [Axis] Owned assets [Member] Owned assets [Member]
Carrying amount [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to 31/03/2021 to to 31/03/2021
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 9,520.45 13,986 -1,856.17 -3,017
Impairment loss
recognised in profit or 0 0 0 0
recognised in profit or loss 0 0 0 0
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
9,520.45 13,986 -1,856.17 -3,017
assets
Tangible assets at end of period 23,55,024.45 23,45,504 23,31,518 16,280.83 18,137 21,154
41

Classes of tangible assets [Axis] Office equipment [Member]
Gross carrying amount [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to 31/03/2021 to to 31/03/2021
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
tangible assets
Depreciation tangible assets 1,856.17 3,017
Impairment loss
tangible assets
0 0
[Abstract]
0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 1,856.17 3,017
assets
Tangible assets at end of period 7,44,159 7,44,159 7,44,159 7,27,878.17 7,26,022 7,23,005
42

Classes of tangible assets [Axis] Computer equipments [Member]
01/04/2022 01/04/2021 01/04/2022 01/04/2021
to to 31/03/2021 to to 31/03/2021
31/03/2023 31/03/2022 31/03/2023 31/03/2022
[LineItems]
[Abstract]
assets
tangible assets
Impairment loss
tangible assets
0 0 0 0
[Abstract]
0 0 0 0
through demergers
0 0 0 0
others
0 0 0 0
assets
assets [Abstract]
tangible assets
0 0 0 0
assets, others
0 0 0 0
tangible assets
0 0 0 0
assets
Tangible assets at end of period 12,200 12,200 12,200 9,68,644 9,68,644 9,68,644
43

Classes of tangible assets [Axis] Computer equipments [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
01/04/2022 01/04/2021
to to 31/03/2021
31/03/2023 31/03/2022
Disclosure of tangible assets [LineItems]
Reconciliation of changes in tangible assets [Abstract]
Changes in tangible assets [Abstract]
Impairment loss recognised in profit or loss tangible assets 0 0
Reversal of impairment loss recognised in profit or loss
0 0
tangible assets
Disposals tangible assets [Abstract]
Disposals tangible assets, others 0 0
Total disposals tangible assets 0 0
Other adjustments tangible assets [Abstract]
Other adjustments tangible assets, others 0 0
Total other adjustments tangible assets 0 0
Total changes in tangible assets 0 0
Tangible assets at end of period 9,56,444 9,56,444 9,56,444
[201100] Notes - Intangible assets
Disclosure of intangible assets [Table] ..(1)

Company total intangible assets
Classes of intangible assets [Axis]
[Member]
Internally generated and other than
Sub classes of intangible assets [Axis] internally generated intangible assets
[Member]
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis] Carrying amount [Member]
31/03/2023 31/03/2022
Disclosure of intangible assets [Abstract]
Disclosure of intangible assets [LineItems]
Reconciliation of changes in intangible assets [Abstract]
Intangible assets at end of period 0 0
[200400] Notes - Non-current investments

31/03/2023 31/03/2022
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 0 0
Aggregate provision for diminution in value of non-current investments 0 0
[200500] Notes - Current investments

31/03/2023 31/03/2022
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 0 0
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 0 0
Aggregate provision for diminution in value of current investments 0 0
44
[200600] Notes - Subclassification and notes on liabilities and assets
Subclassification of trade receivables [Table] ..(1)

Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2023 31/03/2022 31/03/2023 31/03/2022
Subclassification and notes on liabilities and assets
[Abstract]
Trade receivables notes [Abstract]
Trade receivables [Abstract]
Subclassification of trade receivables
[Abstract]
Subclassification of trade receivables
[LineItems]
Breakup of trade receivables [Abstract]
Trade receivables, gross 13,584 14,002 13,584 14,002
Allowance for bad and doubtful debts 0 0 0 0
Total trade receivables 13,584 14,002 13,584 14,002
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Details of trade receivables due by
firms or companies in which any director
is partner or director [Abstract]
Total trade receivables due by firms
or companies in which any director is 0 0
partner or director
Classification of inventories [Table] ..(1)

Classification of inventories [Axis] Company total inventories [Member]
31/03/2023 31/03/2022
Subclassification and notes on liabilities and assets [Abstract]
Inventories notes [Abstract]
Inventories [Abstract]
Classification of inventories [Abstract]
Details of inventories [LineItems]
Inventories 0 0
Disclosure of breakup of provisions [Table] ..(1)

Short-term
Classification based on time period [Axis]
[Member]
31/03/2022
Subclassification and notes on liabilities and assets [Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [LineItems]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 1,03,846
Total provisions for employee benefits 1,03,846
CSR expenditure provision 0
Total provisions 1,03,846
45

31/03/2023 31/03/2022
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Trade payables, long-term 0 0
Total other long-term liabilities 0 0
Interest accrued but not due on borrowings 0 0
Interest accrued and due on borrowings 0 0
Interest accrued but not due on public deposits 0 0
Interest accrued and due on public deposits 0 0
Debentures claimed but not paid 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Taxes payable other tax (A) 2,586 (B) 4,969

Public deposit payable, current 0 0
Total other payables, current 2,586 4,969
Short-term employee related liabilities 0

(C) 80
Current liabilities portion of share application money pending
0 0
allotment
Other current liabilities, others (D) 29,500 (E) 29,500
Total other current liabilities 32,086 34,549
Aggregate amount of trade receivables outstanding for period
0 0
exceeding six months
Fixed deposits with banks 0 0
Other deposits with banks 1,27,293 1,19,933
Other balances with banks 2,12,218.68 12,61,486
Total balance with banks 3,39,511.68 13,81,419
Cash on hand 3,323.22 4,034.9
Total cash and cash equivalents 3,42,834.9 13,85,453.9
Total cash and bank balances 3,42,834.9 13,85,453.9
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than twelve months maturity 0 0
Other current assets, others (F) 4,88,686 (G) 4,17,802.1

Total other current assets 4,88,686 4,17,802.1
46
Footnotes
(A) TDS Payable
(B) TDS Payable
(C) Employees Welfare Fund Payable - 80
(D) Audit Fee Payable
(E) Audit Fee Payable
(F)
GST Input Credit 3,16,732.00
(f) Deposits
BSNL 12,000.00
Electricity Deposit - Technopower 19,458.00
Rent Deposit - Technopark 1,40,496.00
(G)
GST Input Credit 2,46,458.00
TDS Payable Non Resident -
(f) Deposits
BSNL 12,000.00
Electricity Deposit - Technopower 18,848.00
Rent Deposit - Technopark 1,40,496.00
Total 417802
47
[200700] Notes - Additional disclosures on balance sheet

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of additional balance sheet notes explanatory [TextBlock]
Total contingent liabilities and commitments 0 0
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year 0 0
Number of person share application money received during year 0 0
Number of person share application money paid as at end of year 0 0
Number of person share application money received as at end of year 0 0
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Number of warrants converted into equity shares during period 0 0
Number of warrants converted into preference shares during period 0 0
Number of warrants converted into debentures during period 0 0
Number of warrants issued during period (in foreign currency) 0 0
Number of warrants issued during period (INR) 0 0
[200800] Notes - Disclosure of accounting policies, changes in accounting policies and estimates
01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of accounting policies, change in accounting policies and Textual information (38) Textual information (39)
changes in estimates explanatory [TextBlock] [See below] [See below]
48
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS
Significant Accounting Policies

1.1 Basis of preparation of financial statements
These financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical
cost convention on the accrual basis. GAAP comprises mandatory accounting standards as prescribed under Section 133 of the Companies
Act, 2013 (‘Act’) read with Rule 7 of the Companies (Accounts) Rules, 2014 and the provisions of the Act (to the extent notified).
Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an
existing accounting standard requires a change in the accounting policy hitherto in use.
1.2 Revenue Recognition
Revenue is recognized on accrual basis.
1.3 Property, Plant and Equipment & Depreciation
All Property, Plant and Equipment are valued at cost less depreciation / amortization and impairment losses, if any. Cost includes all
expenses incurred to bring the asset to its present location and condition.
Depreciation of property, plant and equipment is provided on the Written Down Value Method over the estimated useful life of the assets.
Useful life of the assets has been estimated on a case to case basis within the period prescribed in Schedule II of the Act. Depreciation on
additions or sale of assets, is calculated pro rata from the month of such addition or up to the month of such sale, as the case may be.
1.4 Impairment of Assets
In the opinion of the management, there is no impairment in the value of fixed assets of the company within the meaning of Accounting
Standard-28, Impairment of Assets issued by the Institute of Chartered Accountants of India
1.5 Investments
Long-term investments are carried at cost. Provision is made for diminution in value, other than temporary, on an individual basis. Current
investments, if any, are carried at the lower of cost and fair value, determined on a category-wise basis.
1.6 Accounting Ratios as applicable to the company
For the year ended / as at the year For the year ended / as at the year
Particulars Numerator/ denominator
end 31.3.2023 end 31.3.2022
Current Assets / Current

Current Ratio 1.87 11.33
Liabilities
Return on equity
Net Income / Equity - (0.01)
Ratio (ROE)
Net Capital Turnover Ratio Net Sales / Average Working Capital - -
Trade Receivables Turnover Ratio Net Credit Sales / Average Accounts Receivable - -
Return on Investment Net Profit After Tax / Total Asset - (0.01)
Return on capital employed (ROCE) Earnings before interest and taxes (EBIT) / Capital employed - (0.01)
Debt Equity ratio Debt/ Equity 0.28 0.28
Debt service coverage ratio Earnings before interest and taxes (EBIT) / Total Debt Service (0.01) (0.03)
49
1.7 Taxes on Income

The accounting treatment for Income Tax is based on the Accounting Standard on” Accounting for Taxes on Income” (AS 22) issued by the
Institute of Chartered Accountants of India. Deferred tax asset and liabilities for the year, if any, arising on account of timing differences, are
recognized in the Profit and Loss Account, and the cumulative effect thereof is reflected in the Balance Sheet.
Minimum Alternative Tax (MAT) credit is recognized as an asset only when and to the extent there is convincing evidence that the Company
will pay normal income tax during the specified period. Such asset is reviewed at each Balance Sheet date and the carrying amount of the
MAT credit asset is written down to the extent there is no longer a convincing evidence to the effect that the Company will pay normal
income tax during the specified period.
1.8 Inflation
Assets and liabilities are recorded at historical cost to the Company. These costs are not adjusted to reflect the changing value in the
purchasing power of money.
1.9 Provisions, Contingent Liabilities and Contingent Assets
There are no contingent liabilities and contingent assets as on March 31, 2023.
1.10 According to the information available with the Company, there are no micro and small enterprises as defined under the Micro, Small
and Medium Enterprise Development Act 2006 to whom the company owes dues on account of principal amount together with interest and
accordingly no additional disclosure have been made.
1.11 CIF values of imports are Nil
1.12 Earnings in Foreign Exchange is Nil
1.13 Expenditure in Foreign Exchange is Nil
1.14 There is no employee drawing salary more than 5 lakhs per month if employed for the part of the year or 60 lakhs if employed for whole
of the year.
1.15 During the financial year 2019-20, the company was engaged in development of a property in Technopark, Trivandrum (SEZ). All
direct and indirect costs relating to this project are capitalized as Project costs.
1.16 Trade Payables Ageing Schedule

(Amount in Rs. lakhs)
Particulars Outstanding for following periods from due date of payment Total
Less than 1 year 1-2 years 2-3 years More than 3 years
(i)MSME - - - --
(ii)Others 4.20 - - - 4.20
(iii) Disputed dues – MSME - - - --
(iv) Disputed dues - Others - - - --
1.17 Trade Receivables Ageing Schedule

Outstanding for following periods from due

Particulars Total
date of payment
1-2 2-3 More than 3

Less than 6 months 6 months -1 year
years years years
(i) Undisputed Trade receivables –

0.14 - - - - 0.14
considered good
50
(ii) Undisputed Trade Receivables – - - - - --

considered doubtful
(iii) Disputed Trade Receivables

- - - - --
considered good
(iv) Disputed Trade Receivables

- - - - --
considered doubtful
Earnings Per Share (EPS)
Earnings per share is calculated in accordance with the Accounting Standards 20 (Earnings Per Share) issued by Institute of Chartered
Accountants of India. The EPS has been computed by dividing the Profit After Tax by the Weighted Average Number of Equity Shares
outstanding at the end of the accounting. The EPS as on 31.03.2023 is given below.
(Amount in Rs.)
Particulars 2022-23 2021-22
Numerator
Net Profit as disclosed in Profit and Loss Account (1,74,391) (5,44,808)
Denominator
Weighted Average No. of Equity Shares 68,75,599 68,75,599
(Face Value of Rs.10 each)
Basic and Diluted Earnings per Share (0.03) (0.08)
1.19 Loans or Advances in the nature of loans granted to promoters, directors, KMPs and the related parties either severally or jointly with
any other person, that are: (a) repayable on demand or (b) without specifying any terms or period of repayment
Type of Borrower Amount of Loan or Advance O/s % of Total Loans & Advances
Promoters / Directors / KMP / Related Parties Nil Nil
Remuneration paid to Directors

There was no whole time Director in receipt of remuneration
Auditor’s Remuneration
For Statutory Audit Rs.25,000 /- + GST
K T Mathew Leelamma Mathew Thomas Mathew

Director Director Director
DIN:00297188 DIN:00297280 DIN:00297058
In terms of our Report attached

F.R.No 004403S
51
Trivandrum CA Anand George Thomas B.Com, FCA

52
Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory [Text Block]
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS
Significant Accounting Policies

1.1 Basis of preparation of financial statements
These financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical
cost convention on the accrual basis. GAAP comprises mandatory accounting standards as prescribed under Section 133 of the Companies
Act, 2013 (‘Act’) read with Rule 7 of the Companies (Accounts) Rules, 2014 and the provisions of the Act (to the extent notified).
Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an
existing accounting standard requires a change in the accounting policy hitherto in use.
1.2 Revenue Recognition
Revenue is recognized on accrual basis.
1.3 Property, Plant and Equipment & Depreciation
All Property, Plant and Equipment are valued at cost less depreciation / amortization and impairment losses, if any. Cost includes all
expenses incurred to bring the asset to its present location and condition.
Depreciation of property, plant and equipment is provided on the Written Down Value Method over the estimated useful life of the assets.
Useful life of the assets has been estimated on a case to case basis within the period prescribed in Schedule II of the Act. Depreciation on
additions or sale of assets, is calculated pro rata from the month of such addition or up to the month of such sale, as the case may be.
1.4 Impairment of Assets
In the opinion of the management, there is no impairment in the value of fixed assets of the company within the meaning of Accounting
Standard-28, Impairment of Assets issued by the Institute of Chartered Accountants of India
1.5 Investments
Long-term investments are carried at cost. Provision is made for diminution in value, other than temporary, on an individual basis. Current
investments, if any, are carried at the lower of cost and fair value, determined on a category-wise basis.
1.6 Accounting Ratios as applicable to the company
For the year ended / as at the year For the year ended / as at the year
Particulars Numerator/ denominator
end 31.3.2022 end 31.3.2021
Current Assets / Current

Current Ratio 11.33 70.44
Liabilities
Return on equity
Net Income / Equity (0.01) (0.01)
Ratio (ROE)
Net Capital Turnover Ratio Net Sales / Average Working Capital - -
Trade Receivables Turnover Ratio Net Credit Sales / Average Accounts Receivable - -
Return on Investment Net Profit After Tax / Total Asset (0.01) (0.01)
Return on capital employed (ROCE) Earnings before interest and taxes (EBIT) / Capital employed (0.01) (0.02)
Debt Equity ratio Debt/ Equity 0.28 0.27
Debt service coverage ratio Earnings before interest and taxes (EBIT) / Total Debt Service (0.03) (0.07)
1.7 Taxes on Income

The accounting treatment for Income Tax is based on the Accounting Standard on” Accounting for Taxes on Income” (AS 22) issued by the
53
Institute of Chartered Accountants of India. Deferred tax asset and liabilities for the year, if any, arising on account of timing differences, are
recognized in the Profit and Loss Account, and the cumulative effect thereof is reflected in the Balance Sheet.
Minimum Alternative Tax (MAT) credit is recognized as an asset only when and to the extent there is convincing evidence that the Company
will pay normal income tax during the specified period. Such asset is reviewed at each Balance Sheet date and the carrying amount of the
MAT credit asset is written down to the extent there is no longer a convincing evidence to the effect that the Company will pay normal
income tax during the specified period.
1.8 Inflation
Assets and liabilities are recorded at historical cost to the Company. These costs are not adjusted to reflect the changing value in the
purchasing power of money.
1.9 Provisions, Contingent Liabilities and Contingent Assets
There are no contingent liabilities and contingent assets as on March 31, 2022.
1.10 According to the information available with the Company, there are no micro and small enterprises as defined under the Micro, Small
and Medium Enterprise Development Act 2006 to whom the company owes dues on account of principal amount together with interest and
accordingly no additional disclosure have been made.
1.11 CIF values of imports are Nil
1.12 Earnings in Foreign Exchange is Nil
1.13 Expenditure in Foreign Exchange is Nil
1.14 There is no employee drawing salary more than 5 lakhs per month if employed for the part of the year or 60 lakhs if employed for whole
of the year.
1.15 During the financial year 2019-20, the company was engaged in development of a property in Technopark, Trivandrum (SEZ). All
direct and indirect costs relating to this project are capitalized as Project costs.
54
1.16 Trade Payables Ageing Schedule

Particulars Outstanding for following periods from due date of payment Total
Less than 1 year 1-2 years 2-3 years More than 3 years
(i)MSME - - - --
(ii)Others 0.22 - - - 0.22
(iii) Disputed dues – MSME - - - --
(iv) Disputed dues - Others - - - --
1.17 Trade Receivables Ageing Schedule

Outstanding for following periods from due

Particulars Total
date of payment
1-2 2-3 More than 3

Less than 6 months 6 months -1 year
years years years
(i) Undisputed Trade receivables –

0.14 - - - - 0.14
considered good
(ii) Undisputed Trade Receivables –

- - - - --
considered doubtful
(iii) Disputed Trade Receivables

- - - - --
considered good
(iv) Disputed Trade Receivables

- - - - --
considered doubtful
Earnings Per Share (EPS)
Earnings per share is calculated in accordance with the Accounting Standards 20 (Earnings Per Share) issued by Institute of Chartered
Accountants of India. The EPS has been computed by dividing the Profit After Tax by the Weighted Average Number of Equity Shares
outstanding at the end of the accounting. The EPS as on 31.03.2022 is given below.
(Amount in Rs.)
Particulars 2021-22 2020-21
Numerator
Net Profit as disclosed in Profit and Loss Account (5,44,808) (9,26,489)
Denominator
55
Weighted Average No. of Equity Shares 68,75,599 62,59,017

(Face Value of Rs.10 each)
Basic and Diluted Earnings per Share (0.08) (0.15)
1.19 Loans or Advances in the nature of loans granted to promoters, directors, KMPs and the related parties either severally or jointly with
any other person, that are: (a) repayable on demand or (b) without specifying any terms or period of repayment
Type of Borrower Amount of Loan or Advance O/s % of Total Loans & Advances
Promoters / Directors / KMP / Related Parties Nil Nil
Remuneration paid to Directors

There was no whole time Director in receipt of remuneration
Auditor’s Remuneration
For Statutory Audit Rs.25,000 /- + GST
K T Mathew Leelamma Mathew Thomas Mathew

Director Director Director
DIN:00297188 DIN:00297280 DIN:00297058
In terms of our Report attached

F.R.No 004403S
Trivandrum CA.Anand George Thomas B.Com,FCA

[201700] Notes - Government grants

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of notes on government grants explanatory [TextBlock]
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0
[201200] Notes - Employee benefits

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
N O T N O T
Disclosure of employee benefits explanatory [TextBlock] APPLICABLE APPLICABLE
56
[201600] Notes - Related party
Disclosure of relationship and transactions between related parties [Table] ..(1)

Categories of related parties [Axis] 1
01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of relationship and transactions between related parties [Abstract]
Disclosure of relationship and transactions between related parties [LineItems]
Virtus Group
Virtus Group General
General Trading
Name of related party and Contracting Co
Trading and
Contracting Co WLL
WLL
Country of incorporation or residence of related party KUWAIT KUWAIT
Description of nature of related party relationship Holding company Holding company
Description of nature of transactions with related party NA NA
Transaction relating to key management personnel [Abstract]
Remuneration for key managerial personnel 0 0
Amount written off during period in respect of debts due from related parties 0 0
Amount written back during period in respect of debts due to related parties 0 0

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of notes on related party explanatory [TextBlock]
Whether there are any related party transactions during year Yes Yes
Whether company is subsidiary company Yes Yes
Section under which company is subsidiary Section 2(87)(ii) Section 2(87)(ii)
[201400] Notes - Leases

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of leases explanatory [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa
[300300] Notes - Earnings per share

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Disclosure of earnings per share explanatory [TextBlock]
Adjustments of numerator to calculate basic earnings per share [Abstract]
Profit (loss) for period -1,74,390.63 -5,44,808
Adjustments of numerator to calculate diluted earnings per share [Abstract]
Profit (loss) for period -1,74,390.63 -5,44,808
57
[202800] Notes - Subsidiary information

01/04/2022
to
31/03/2023
Disclosure of subsidiary information explanatory [TextBlock]
Whether company has subsidiary companies No
Number of subsidiary companies 0
Whether company has subsidiary companies which are yet to commence
No
operations
Whether company has subsidiary companies liquidated or sold during year No
[202400] Notes - Investments in associates

01/04/2022
to
31/03/2023
Disclosure of notes on investment in associates explanatory [TextBlock]
Whether company has invested in associates No
Whether company has associates which are yet to commence operations No
[202500] Notes - Financial reporting of interests in joint ventures

01/04/2022
to
31/03/2023
Disclosure of notes on interests in joint ventures explanatory [TextBlock]
Whether company has invested in joint ventures No
Whether company has joint ventures which are yet to commence operations No
Whether company has joint ventures liquidated or sold during year No
[202700] Notes - Cash flow statements

01/04/2022 01/04/2021
to to 31/03/2021
31/03/2023 31/03/2022
Disclosure of cash flow statement explanatory [TextBlock]
Cash and cash equivalents if different from balance sheet [Abstract]
Cash and cash equivalents cash flow statement 3,42,834.9 13,85,453.9 36,89,708
Total cash and cash equivalents 3,42,834.9 13,85,453.9
Income taxes paid (refund) [Abstract]
Total income taxes paid (refund) 0 0
58
[100200] Statement of profit and loss

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Statement of profit and loss [Abstract]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products 0 0
Revenue from sale of services 0 0
Total revenue from operations 0 0
Other income 7,970 6,933
Total revenue 7,970 6,933
Expenses [Abstract]
Cost of materials consumed 0 0
Changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Employee benefit expense 1,35,001 4,20,120
Finance costs 0 0
Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 11,376.63 17,001
Total depreciation, depletion and amortisation expense 11,376.63 17,001
CSR expenditure 0 0
Other expenses 35,983 1,14,620
Total expenses 1,82,360.63 5,51,741
Total profit before prior period items, exceptional items, extraordinary
-1,74,390.63 -5,44,808
items and tax
Total profit before extraordinary items and tax -1,74,390.63 -5,44,808
Total profit before tax -1,74,390.63 -5,44,808
Tax expense [Abstract]
Current tax 0 0
Total tax expense 0 0
Total profit (loss) for period from continuing operations -1,74,390.63 -5,44,808
Profit (loss) from discontinuing operations before tax 0 0
Tax expense of discontinuing operations 0 0
Total profit (loss) for period before minority interest -1,74,390.63 -5,44,808
Profit (loss) of minority interest 0 0
Total profit (loss) for period -1,74,390.63 -5,44,808
Earnings per equity share [Abstract]
Basic earning per equity share [INR/shares] -0.03 [INR/shares] -0.08
Diluted earnings per equity share [INR/shares] -0.03 [INR/shares] -0.08
59
[300500] Notes - Subclassification and notes on income and expenses

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from sale of products [Abstract]
Revenue from sale of products [Abstract]
Total revenue from sale of products 0 0
Disclosure of revenue from sale of services [Abstract]
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Disclosure of other income [Abstract]
Interest income [Abstract]
Total interest income 0 0
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Miscellaneous other non-operating income 7,970 6,933
Total other non-operating income 7,970 6,933
Total other income 7,970 6,933
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Total interest expense 0 0
Total finance costs 0 0
Employee benefit expense [Abstract]
Salaries and wages 1,35,001 4,20,120
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Total employee benefit expense 1,35,001 4,20,120
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 0 0
Power and fuel 0 0
Rent 0 0
Repairs to building 0 0
Repairs to machinery 0 0
Insurance 0 0
Rates and taxes excluding taxes on income [Abstract]
Total rates and taxes excluding taxes on income 0 0
Directors sitting fees 0 0
Bank charges 1,749 11,947
Provision bad doubtful debts created 0 0
Provision bad doubtful loans advances created 0 0
Write-off assets [Abstract]
Miscellaneous expenditure written off [Abstract]
Total miscellaneous expenditure written off 0 0
Bad debts written off 0 0
Bad debts advances written off 0 0
Loss on disposal of intangible asset 0 0
Loss on disposal, discard, demolishment and destruction of depreciable
0 0
tangible asset
Payments to auditor [Abstract]
Payment for audit services 25,000 29,500
Total payments to auditor 25,000 29,500
Miscellaneous expenses (A) 9,234 (B) 73,173

Total other expenses 35,983 1,14,620
Current tax [Abstract]
Total current tax 0 0
60
Footnotes
(A)
Professional Charges / Other expenses 9,234.00
(B)
Professional Charges / Other expenses 70,000.00
Property Tax 3,173.00
[300600] Notes - Additional information statement of profit and loss

01/04/2022 01/04/2021
to to
31/03/2023 31/03/2022
Additional information on profit and loss account explanatory [TextBlock]
Total changes in inventories of finished goods, work-in-progress and
0 0
stock-in-trade
Expenditure on dividend paid 0 0
Total expenditure in foreign currency 0 0
Total amount of dividend remitted in foreign currency 0 0
Total earnings in foreign currency 0 0
Total revenue from sale of products 0 0
Total revenue from sale of services 0 0
Gross value of transaction with related parties as per AS-18 0 0
Bad debts of related parties as per AS-18 0 0
[300100] Notes - Revenue

01/04/2022
to
31/03/2023
1.2 Revenue
Recognition
Disclosure of revenue explanatory [TextBlock]
/> Revenue is
recognized on accrual
basis.
61
[300700] Notes - Key managerial personnels and directors remuneration and other information
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(1)
Key managerial personnels and directors [Axis] 1 2 3 4
01/04/2022 01/04/2022 01/04/2022 01/04/2022
to to to to
31/03/2023 31/03/2023 31/03/2023 31/03/2023
Disclosure of key managerial personnels and directors and
remuneration to key managerial personnels and directors
[Abstract]
Disclosure of key managerial personnels and directors
and remuneration to key managerial personnels and
directors [LineItems]
KOLANGIKOMBIL
LEELAMMA SAUD AYBE
Name of key managerial personnel or director THOMASMATHEW T H O M A S
MATHEW ALJENAIE
MATHEW
Director identification number of key managerial
00297058 00297188 00297280 05104637
personnel or director
Date of birth of key managerial personnel or
22/01/1962 01/11/1932 25/10/1937 07/01/1965
director
Designation of key managerial personnel or director Director Director Managing Director Director
Qualification of key managerial personnel or
Graduate Graduate Graduate Graduate
director
Shares held by key managerial personnel or director [shares] 1,000 [shares] 1,000 [shares] 1,000 [shares] 0
Key managerial personnel or director remuneration
[Abstract]
Gross salary to key managerial personnel or
director [Abstract]
Gross salary to key managerial personnel or
0 0 0 0
director
Total key managerial personnel or director
0 0 0 0
remuneration
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and directors [Table] ..(2)
Key managerial personnels and directors [Axis] 5
01/04/2022
to
31/03/2023
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and
directors [Abstract]
Disclosure of key managerial personnels and directors and remuneration to key managerial personnels and
directors [LineItems]
SHARAT
Name of key managerial personnel or director THOMAS
Director identification number of key managerial personnel or director 06401439
Date of birth of key managerial personnel or director 26/01/1979
Designation of key managerial personnel or director Director
Qualification of key managerial personnel or director Graduate
Shares held by key managerial personnel or director [shares] 0
Key managerial personnel or director remuneration [Abstract]
Gross salary to key managerial personnel or director [Abstract]
Gross salary to key managerial personnel or director 0
Total key managerial personnel or director remuneration 0
62
[301000] Notes - Corporate social responsibility

01/04/2022
to
31/03/2023
Disclosure of corporate social responsibility explanatory [TextBlock]
Whether provisions of corporate social responsibility are applicable on
No
company
Prescribed CSR expenditure 0
Amount CSR to be spent for financial year 0
Amount unspent CSR 0
63

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VIRTUS IT SERVICES PRIVATE LIMITED

Standalone Financial Statements for period 01/04/2022 to 31/03/2023

[400100] Disclosure of general information about company

[400400] Disclosures - Directors report

Details of directors signing board report [Table] ..(1)

Unless otherwise specified, all monetary values are in INR

Textual information (1)

Disclosure in board of directors report explanatory [Text Block]

For the Year Ending For the Year Ending

Turnover and other receipts 8,000 7,000

Profit/(Loss) before financing charges, depreciation and Taxation (1,63,000) (5,28,000)

Profit/(Loss) before depreciation and Taxation (1,63,000) (5,28,000)

Profit/(Loss) before tax (1,74,000) (5,45,000)

Profit/(Loss) after tax (1,74,000) (5,45,000)

Surplus/(Deficit) carried to balance sheet (1,74,000) (5,45,000)

CHANGES IN SHARE CAPITAL DURING THE FINANCIAL YEAR, IF ANY

2 LEELAMMA MATHEW ManagingDirector 22/04/2004 Non Independent EXECUTIVE

3 THOMAS MATHEW Director 22/04/2004 00297058 Non Independent EXECUTIVE

4 SAUD AYBE ALJENAIE Director 23/07/2011 Non Independent EXECUTIVE

5 SHARAT THOMAS Director 01/05/2022 06401439 Resident Non Independent EXECUTIVE

Shareholding in the Company (Face

26.04.2022 27.06.2022 05.09.2022 01.11.2022 30.01.2023 22.07.2022

Saud Aybe Aljenaye P × × × P P NIL

Sharat Thomas NA P × × P P NIL

NUMBER OF COMMITTEE MEETINGS HELD AND THE DATE ON WHICH HELD

The Board has not constituted any Committee of Board of Directors.

DETAILS OF THE REMUNERATION PAID TO MANAGING DIRECTOR FOR THE YEAR:

REMUNERATION PAID TO NON-EXECUTIVE DIRECTORS

STAKEHOLDERS RELATIONSHIP COMMITTEE (APPLICABLE COMPANIES)

SECRETARIAL AUDIT REPORT

Name of Director Unsecured Loan (Amount in Rs.)

Mr. KT Mathew 1,44,74,712

Ms. Leelamma Mathew 26,27,616

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:

SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE COMPANIES:

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

VOLUNTARY REVISION OF FINANCIAL STATEMENTS OR BOARD’S REPORT

FORMAL ANNUAL EVALUATION

RISK MANAGEMENT POLICY:

For and on behalf of the Board

Kuwait KT MATHEW LEELAMMA MATHEW

26 June 2023 Director Managing Director

DIN: 00297188 DIN: 00297280

Textual information (2)

Description of state of companies affair

Textual information (3)

Disclosures relating to amount recommended to be paid as dividend

Textual information (4)

Details regarding energy conservation

Textual information (5)

Details regarding technology absorption

Textual information (6)

Details regarding foreign exchange earnings and outgo

Textual information (7)

Disclosures in director’s responsibility statement

Textual information (8)

Textual information (9)

Particulars of loans guarantee investment under section 186 [Text Block]

Textual information (10)