(s) Provisions, Contingent Liabilities and
Contingent Assets

A provision is recognised when the Company has
a present obligation as a result of past event and
it is probable that an outflow of resources will
be required to settle the obligation, in respect of
which reliable estimate can be made. Provisions
(excluding retirement benefits and compensated
absences) are not discounted to its present value
and are determined based on best estimate required
to settle the obligation at the balance sheet date.
These are reviewed at each balance sheet date
and adjusted to reflect the current best estimates.
Contingent liabilities are not recognised in the
financial statements. A contingent asset is neither
recognised nor disclosed in the financial statements.

(t) Cash Flow Statement

Cash flows are reported using the indirect method
as explained in the Accounting Standard, whereby
profit/(loss) before extraordinary items and tax
is adjusted for the effects of transactions of non¬
cash nature and any deferrals or accruals of past
or future cash receipts or payments. The cash flows
from operating, investing and financing activities
of the Company are segregated based on the
available information.

(iii) Rights, preferences and restrictions attached to shares

The Company has one class of equity shares having a par value of H 10 per share. Each shareholder is eligible for one vote
per share held. The company has not proposed any dividend during preceding financial year. In the event of liquidation, the
equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amount,
in proportion to their shareholding.

The Board of Directors in their meeting held on May 13, 2024 approved resolution for issue of Bonus equity shares in the
ratio of 16:01 (Sixteen) new equity share of H 10/-each for every 1 (One) existing fully paid-up shares of H 10/-each to existing
shareholders of the company which was subsequently approved by Members of Company in the Extra-Ordinary General
Meeting held on May 13, 2024. Pursuant to which our company has allotted 1,71,60,000 Bonus Equity Shares on May 15, 2024.

The Company has issued and allotted 56,45,600 equity shares of Rs. 10 each fully paid up for cash at a price of H 180/-each
including premium of H 170/- per share each by way of Initial Public Offer ("IPO") aggregating to H 10,162.08 Lakhs and got
listed on SME Platform of Bombay Stock Exchange Limited on December 11, 2024. The details of utilization of IPO Issue
Proceeds as on 31^st March 2026 has been given in Note 37

12.3 Investment in debt securities are past due for which contractual interest or principal payments have become overdue;
however, the Company believes that impairment is not appropriate on the basis of the level of security or collateral available
and/or the stage of collection of amounts owed to the Company. No provision has been made for this amount in FY 2025-26,
as the Company expects to recover it in due course. Further, appropriate enforcement measures have been taken by the
trustee at various legal forums.

17.1 Loan to Nisus Finance ESOP Trust :

The shareholders of the Company approved the Nisus Employees Stock Option Plan 2025 by special resolution passed on
25 August 2025, for implementation through the trust route. The Nisus Finance ESOP Trust was settled by Trust Deed dated
9 September 2025 with Beacon Trusteeship Limited as trustee.

Pursuant to Section 67(3)(b) of the Companies Act, 2013, and Rule 16 of the Companies (Share Capital and Debentures)
Rules, 2014, the Company granted an interest-free, unsecured loan facility of up to H17,00.00 Lakhs, repayable within five
years or upon Trust winding up.

The Company disbursed H329.05 Lakhs under the facility. The Trust utilized the amount to acquire 1,73,200 equity shares
from the secondary market at an aggregate cost of H329.62 Lakhs (average H190.31 per share). Market value per share as of
March 31, 2026, was H193.10. The trustees do not exercise voting rights in respect of shares held by the Trust.

No options had been granted under the Plan as at 31 March 2026. Accordingly no employee compensation cost has been
recognised for the year and the amount due from the Trust is carried as a receivable under loans and advances and is
assessed as fully recoverable with no provision required.

30 Employee stock option plan

The Nisus Employees Stock Option Plan 2025 was approved by the Board on 25 July 2025 and by the shareholders on 25
August 2025. The Plan is administered by the Nomination and Remuneration Committee acting as Compensation Committee
and is implemented through the Nisus Finance ESOP Trust. The maximum number of options that may be granted under the
Plan shall not exceed 3% of the total outstanding shares of the Company. Secondary acquisition by the Trust in any financial
year shall not exceed 2% of the paid-up equity capital as at the end of the previous financial year.

No options had been granted under the Plan as at 31 March 2026 and no options were outstanding at the year end.
Accordingly, no employee compensation cost has been recognised during the year in respect of the Plan.

35.1 Reason for shortfall

There is no shortfall in CSR Expenditure for the current year

35.2 Nature of CSR Activities

During the current year, the Company incurred CSR expenditure of H38.85 lakhs on activities related to education and
medical & healthcare initiatives.

36 Regrouping

All values are rounded off to the nearest rupees in Lakhs, except where otherwise indicated. The Figures for the corresponding
previous year have been regrouped /reclassifed wherever necessaey.

37 IPO Issue Proceeds

The Company has issued and allotted 56,45,600 equity shares of H 10 each fully paid up for cash at a price of H 180/- each
including premium of H 170/- per share each by way of Initial Public Offer (“IPO”) aggregating to H 10,162.08 Lakhs and got
listed on SME Platform of Bombay Stock Exchange Limited on 11^th December, 2024. The details of utilization of IPO Issue
Proceeds as on 31^st March 2026 is mentioned below:

38 The Company refrained from accruing ~INR 171.52 lakhs in interest on NCDs held in the issuer entity for the period under review.

39 The Company has created a charge by way of hypothecation over all its current assets in favour of the lenders of the
borrowing facilities availed by its subsidiary, Nisus Finance Projects LLP.

41 Other Statutory Disclosures as per the Companies Act, 2013

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company
for holding any Benami property.

(ii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(iii) The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the Companies
Act, 2013) or consortium thereof or other lender in accordance with the guidelines on wilful defaulters issued by the
Reserve Bank of India.

(iv) The Company has not revalued any of its Property, Plant and Equipment during the year.

(v) There are no charges or satisfaction yet to be registered with Registrar of Companies (ROC) beyond the statutory period.

(vi) There is no transaction with the stuck-off company during the year ended 31^st March 2026.

(vii) The company has not granted loans to promoters, directors, KMPs either severally or jointly with any other person, that are
repayable on demand or without specifying any terms or period of repayment during the Year.

(viii) The Company is in compliance with the number of layers prescribed under clause (87) of section 2 of the Companies Act
read with the Companies ( Restriction on number of Layers) Rules, 2017 The Company has complied with the provisions of
section 186 of the Act in respect of loans granted, investments made and guarantees and securities provided, as applicable.

(ix) The company has not entered into any Scheme of Arrangements which has been approved by the Competent Authority in
terms of sections 230 to 237 of the Companies Act, 2013.

(x) (A) The Company has not advanced or loaned or invested funds (either from borrowed funds or share premium or any other

sources or kind of funds) to any other person(s) or entity(ies) other than those disclosed, including foreign entities

(""Intermediaries""), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall:

(a) 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

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

41 Other Statutory Disclosures as per the Companies Act, 2013 (Contd..)

(B) The Company has not received any funds from any person(s) or entity(ies), including foreign entities (""Funding
Parties""), with the understanding, whether recorded in writing or otherwise, that the Company shall:

(a) 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

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

(xi) No immovable properties are held in the name of the Company as at the Balance Sheet date.

(xii) There were no investor complaints, known to the Company, outstanding as on 31^st March, 2026

(xiii) There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the
Income Tax Act, 1961, that has not been recorded in the books of account.

42 Previous year figures have been reclassified to conform to this year''s classification.

s Provisions, Contingent liabilities and Contingent
assets

A provision is recognised when the Company has
a present obligation as a result of past event and
it is probable that an outflow of resources will be
required to settle the obligation, in respect of which
reliable estimate can be made. Provisions (excluding
retirement benefits and compensated absences) are
not discounted to its present value and are determined
based on best estimate required to settle the obligation
at the balance sheet date. These are reviewed at
each balance sheet date and adjusted to reflect the
current best estimates. Contingent liabilities are not
recognised in the financial statements. A contingent
asset is neither recognised nor disclosed in the
financial statements.

t Cash Flow Statement

Cash flows are reported using the indirect method as
explained in the Accounting Standard, whereby profit
/ (loss) before extraordinary items and tax is adjusted
for the effects of transactions of non-cash nature
and any deferrals or accruals of past or future cash
receipts or payments. The cash flows from operating,
investing and financing activities of the Company are
segregated based on the available information.

The Board of Directors in their meeting held on 13^th May, 2024 approved resolution for issue of Bonus equity shares in
the ratio of 16:01 (Sixteen) new equity share of ^ 10/- each for every 1 (One) existing fully paid-up shares of ^ 10/- each
to existing shareholders of the company which was subsequently approved by Members of Company in the Extra¬
Ordinary General Meeting held on 13^th May, 2024. Pursuant to which our company has allotted 1,71,60,000 Bonus
Equity Shares on 15^th May, 2024.

The Company has issued and allotted 56,45,600 equity shares of ^. 10 each fully paid up for cash at a price of ^ 180/-
each including premium of ^ 170/- per share each by way of Initial Public Offer (“IPO”) aggregating to ^ 10,162.08
Lakhs and got listed on SME Platform of Bombay Stock Exchange Limited on 11^th December, 2024. The details of
utilization of IPO Issue Proceeds as on 31^st March 2025 has been given in Note 38.

Reasons for Variances

Current Ratio: Due to Increase in Current Assets and decrease in Current Liabilities

Debt Equity Ratio: Due to increase in shareholder''s equity and decrease in total debt during the year

Debt Service Coverage Ratio: Due to decrease in debt during the year

Return on Equity Ratio: Due to increase in average shareholder''s equity and decrease in PAT Margin during the year

Trade Receivable Turnover Ratio: Due to increase in average trade receivables during the year

Net Capital Turnover Ratio: Due to increase in average working capital during the year

Return on Capital Employed: Due to decrease in EBIT and increase in Capital Employed during the year

Return on Investment: Decrease in return due to increase in investment during the year

Reason for shortfall

There is no shortfall in CSR Expenditure for the current year.

Nature of CSR Activities

During the current year, The Company has made expenditure under following CSR Activities:
Education - ^ 18.10 Lakhs, Medical and Healthcare - ^ 5.00 Lakhs

35 Other Statutory Disclosures as per the Companies Act, 2013

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

The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the Companies
Act, 2013) or consortium thereof or other lender in accordance with the guidelines on wilful defaulters issued by the
Reserve Bank of India.

The Company has not revalued any of its Property, Plant and Equipment during the year.

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

There is no transaction with the stuck-off company during the year ended 31^st March 2025.

The company has not granted loans to promoters, directors, KMPs either severally or jointly with any other person, that
are repayable on demand or without specifying any terms or period of repayment during the Year.

The Company is in compliance with the number of layers prescribed under clause (87) of section 2 of the Companies
Act read with the Companies ( Restriction on number of Layers) Rules, 2017. The Company has complied with the
provisions of section 186 of the Act in respect of loans granted, investments made and guarantees and securities
provided, as applicable

The company has not entered into any Scheme of Arrangements which has been approved by the Competent Authority
in terms of sections 230 to 237 of the Companies Act, 2013.

The Company has not incurred any Cash Loss during the year (P.Y. - NIL)

No immovable properties are held in the name of the Company as at the Balance Sheet date.

There were no investor complaints, known to the Company, outstanding as on 31^st March, 2025

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961, that has not been recorded in the books of account.

The Company publishes these Standalone Financials along with the consolidated Financials. In accordance with AS 17
‘Segment Reporting'', the Company has disclosed the segment information in the consolidated Financials.

36 The Board of the Company has approved on 13^th February, 2025, The Corporate Guarantee of upto ^. 120 Cr on behalf
of its one of the subsidiary M/s Nisus Finance Project LLP on such terms and conditions as may be deemed appropriate
by the authorized signatories, for securing the due repayment of the Loan, interest, penalties, and other amounts
owed under the loan agreement between the Borrower and the Lender for business purposes.

During the year, No Corporate Guarantee has been issued on behalf of its subsidiary/ Group companies.

37 Regrouping

All values are rounded off to the nearest rupees in Lakhs, except where otherwise indicated. The Figures for the
corresponding previous year have been regrouped /reclassifed wherever necessaey to make them comparable.

38 IPO Issue Proceeds

The Company has issued and allotted 56,45,600 equity shares of ^. 10 each fully paid up for cash at a price of ^ 180/-
each including premium of ^ 170/-per share each by way of Initial Public Offer (“IPO”) aggregating to ^ 10,162.08
Lakhs and got listed on SME Platform of Bombay Stock Exchange Limited on 11^th December, 2024. The details of
utilization of IPO Issue Proceeds as on 31^st March 2025 is mentioned below:

As per our report of even date For and on behalf of the Board of

For Sanjay Raja Jain & Co. Nisus Finance Services Co Limited

Chartered Accountants (formerly known as Nisus Finance Services Co Private Limited)

Firm''s Registration No. 120132W

CA Surjeet Jain Amit Goenka

(Partner) Chairman and Managing Director

Membership No. 129531 DIN: 02778565

UDIN: 5129531BMLFYR5204

CA Sunil Maheshwari CS Ruksana Istak Khan

Chief Financial Officer Company Secretary

PAN: BJVPM9408H PAN: CFSPK8678B

Place: Mumbai
Date: 29^th May, 2025