Kuberan Global Edu Solutions Ltd. நிறுவனத்தின் கணக்கியல் கொள்கைகள்

Mar 31, 2025

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES1. Corporate Information

The Company was incorporated on 22^nd May 2013, and the main object was to carry on business of publishing educational and exam books.

However, the COVID-19 pandemic has had a lasting and structural impact on the publishing industry, particularly in the education sector. During the pandemic, the widespread adoption of e-learning and digital education tools significantly reduced the demand for physical educational books. This shift in consumer behavior, coupled with disruptions in production and distribution, has adversely affected the Company’s business segment relating to the Publishing and Sale of Educational Books. Despite efforts to revive the segment, the business has not returned to pre-pandemic levels and continues to face sustained decline. After careful evaluation of the current market environment and future outlook, the management believes that a full recovery to historical levels is unlikely. Accordingly, the Company has decided to discontinue this division and has initiated steps to wind down its operations in a phased manner. This strategic decision aligns with the Company’s focus on consolidating resources and strengthening its core business areas.

Simultaneously, the Company is actively exploring and evaluating new avenues for expansion to ensure long-term sustainability and growth. Management is currently assessing a range of strategic opportunities in adjacent and emerging sectors such as digital content development, edtech partnerships, online learning platforms, and subscription-based educational services. The Company is also engaging in discussions with potential collaborators, including technology firms, educational institutions, and content creators, to explore joint ventures and strategic alliances that could accelerate its transition into the digital education space. Feasibility studies are also underway to examine diversification into complementary industries such as corporate training, skill development programs, and educational assessments all of which align well with the Company’s legacy, know-how, and content development expertise. Alongside this, the Company is investing in internal capability building, including upskilling of staff, adoption of digital tools, and development of in-house digital assets, to better position itself for new market demands. By proactively seeking these new growth pathways, the Company aims to transform this transitional period into an opportunity to redefine its business model and strengthen its competitive position in the evolving education and content ecosystem.

2. Significant Accounting Policies

a. Basis of accounting and preparation of financial statements

These financial statements have been prepared and presented under the historical cost convention, on accrual basis of accounting in accordance with the accounting principles generally accepted in India (‘Indian GAAP’) and comply with Accounting Standards prescribed in the Companies (Accounting Standards) Rules,2015 which continue to apply under section 133 of the Companies Act, 2013. (‘the Act’) and Other relevant Provision

b. Use of estimates

The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities as at the date of financial statements and the reported amount of revenue and expenses during the reporting year. Key estimates include the estimate of useful life of fixed assets, unbilled revenue, income tax and future obligations under employee retirement benefit plans. Actual results could differ from those estimates. Any revision to accounting estimates will be recognized prospectively in the current and future periods.

c. Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at the bank and in hand.

d. Revenue from Operation

Revenue from Sale of Services is recognized on completion basis. Revenue from Intraday and Future & Option is considered net gain or loss. Income from interest is recognized on a time proportion basis taking into account the amount outstanding and rate applicable in the transaction. Dividends are recognized in the Statement of Profit and Loss only when the right to receive payment is established.

e. Investments

Long-term investments are carried at cost. Provision for diminution is made to recognize a decline, other than temporary in the value of long-term investments and is determined separately for each individual investment. The fair value of a long-term investment is ascertained with reference to its market value.

Current investments are carried at lower of cost or fair value, computed separately in respect of each category of investment. Any gain or loss at the disposal of an investment is recognized in the statement of profit and loss.

f. Tax Expenses

Deferred tax is recognized on timing differences, being the differences between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax assets, subject to consideration of prudence, are recognized and carried forward only to the extent that there is a reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. The tax effect is calculated on the accumulated timing difference at the end of the period, based on the tax rates and laws enacted or substantially enacted on the balance sheet date. Tax expenses comprises both current and deferred tax. Current tax is the amount of tax payable on the assessable income for the year determined in accordance with the provisions of the Income-Tax Act, 1961.

g. Earnings per share (EPS)

Basic EPS is calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Diluted EPS is calculated using the weighted average number of equity and dilutive equity equivalent shares outstanding during the year except where the result would be anti -dilutive.

h. Provisions and Contingent liabilities

A provision is recognized when the Company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to their present value and are determined based on management''s estimate required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current management estimates. Provisions are recognized in the financial statements in respect of present probable obligations, for amounts which can be reliably estimated.

Contingent Liabilities are disclosed in respect of possible obligations that arise from past events, whose existence would be confirmed by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company.

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Mar 31, 2024

1. Estimated value of contracts remaining to be executed on capital account but not provided for -NIL

2. Confirmation of balances from parties, etc., has been made available for verification.

3. Figures have been rounded off to rupees.

4. Contingent Liability not provided for in the books of Account.-NIL.

5. In the opinion of the Board, the Current Assets, Long Term Loans and Advances as stated in the Balance Sheet are
approximately of the value, if they are realized in the ordinary course of business.

6. Note 1 to 26 form an integral part of the Annual accounts.

7. foreign currency Transactions Nil

(a) Earning in foreign currency Nil

(b) Expenditure in foreign currency in all accounts Nil

8. Particulars of employees who are in receipt of remuneration:

a) Number of employees employed throughout the financial year who were in receipt of remuneration for the year which in the aggregate
was not less than Rs.10200000/- p.a (Previous year Rs.10200000/- p.a) NIL

b) Number of employees employed for a part of the year who were in receipt of remuneration for any part or parts of that year at a rate
which in the aggregate was not less than Rs.850000/- p.m (Previous year Rs.850000/- p.m) NIL

9. A.Value of imports on CIF value : Nil

10. SECURED LOANS: Nil secured / Unsecured loans in the name of the Company

11. Company''s liabilities towards gratuity is Nil.

12. Depreciation has been provided under SLM method on Fixed Assets after considering the life of the assets on pro-rate basis as
specified in Part C of Schedule II of the Companies Act, 2013.

13. The company has no dues to their suppliers under Micro, Small and Medium Enterprises Development Act, 2006 and hence
disclosure, if any, relating to amounts unpaid as at the end of the period together with interest payable as required under the said Act could
not be furnished. The management is of the opinion that interest, if any, on such accounts will not be material.

14. No provision is made for liability towards employees benefits as required by AS-15 (revised) on “Employees Benefits”, since Not
applicable.

18. SEGMENT REPORTING :

The Company is primarily engaged in the Education, which is coming under one segment and hence no segment - wise reporting has
been given.

19. DISCLOSURE IN RESPECT OF RELATED PARTIES PURSUANT TO ACCOUNTING STANDARD - 18 :

1. List of related parties and nature of relationships:

Parties with whom the company has entered into transactions during the year :
a) Associates : Nil

22. Material Events occurred between the balance sheet date and the date on which the financial statements are approved are considered
while preparing the annual accounts.

23. Previous year figures have been regrouped / reclassified where ever necessary.

24. Provision for taxation is made in the books of the company after considering the provisions of Section 115JB of the Income Tax Act.
25.Other Statutory Information:

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

b) No funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), with the
understanding, whether recorded in writing or otherwise, that the Company shall - Directly or indirectly, lend or invest in other persons or
entities identified in any manner whatsoever (“Ultimate Beneficiaries”) by or on behalf of the Funding Party or - Provide any guarantee,
security or the like from or on behalf of the Ultimate Beneficiaries.

c) The Company does not have any benami Property, where any proceeding has been initiated or pending against the Company for
holding any Benami Property.

d) The Company has not traded or invested in Crypto currency or virtual currency during the Financial Year.

e) The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as
income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions
of the Income Tax Act, 1961).

f) The Company has no transactions with Struck Off companies during the year.

g) The Company has not been declared as wilful defaulters by any bank or financial institution or government or any government authority.

h) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the Statutory
period.

NOTE NO. 25 SIGNIFICANT ACCOUNTING POLICIES

1. BASIS OF ACCOUNTING:

The financial statements are prepared under the historical cost convention, except for certain fixed assets which are revalued, in
accordance with the generally accepted accounting principles in India and the provisions of the Companies Act, 2013.

2. REVENUE RECOGNITION :

Export sales are recognised on receipt of bill of lading from the customs and negotiation of invoices with the Bankers. Local sales and Job
charges receipts are recognised on dispatch of products to customers, which generally coincides with transfer of ownership.

3. FIXED ASSETS:

Fixed Assets are stated at cost net of recoverable taxes and includes amounts added on revaluation. All costs, including financing costs till
commencement of commercial production, net charges on foreign exchange contracts and adjustments arising from exchange rate
variations attributable to the fixed assets are capitalised.

4. DEPRECIATION:

As per the requirement of the provisions of Schedule II of the Companies Act, 2013, the management has decided to adopt the useful lives
as suggested in Part C of Schedule II of the Act with effect from 1 st April, 2014 for all its fixed assets.

5.INVENTORIES:

Inventories are valued at cost or net realisable value whichever is lower.