NOTE 1 A] BACKGROUND:

Vibrant Global Capital Limited (‘the Company’) is registered as a Non-Banking Financial Company (‘NBFC’) as defined under Section 45-IA of the Reserve Bank of India Act, 1934. The Company is principally engaged in lending and investing activities.

d) Terms and Rights attached to Equity Shares

i. The Company has only one class of Equity Shares having a par value of Rs.10 per share. Each holder of Equity Shares is entitled to one vote per share except Vibrant Global Infraproject Private Limited and Vibrant Global Trading Private Limited as the Company is holding company of these companies. As per the provisions of Section 19(1) of Companies Act,2013, these shareholders will not have voting rights at the meetings of Vibrant Global Capital Ltd.

ii. They are also entitled to dividend if proposed by the Board of Directors and approved by the shareholders in the ensuing Annual General Meeting except in case of interim dividend.

iii. In the event of liquidation, the equity shareholders are entitled to receive the remaining assets of the Company after distribution of all preferential amount, in proportion to their shareholding.

Secured Loans: The company has taken a short-term loan against shares from Bajaj Finserv Ltd. & an overdraft from HDFC Bank Ltd. against lien of Fixed Deposit amounting to Rs. 1,00,00,000/- which carries interest @ 6.5% p.a.& 5.5% p.a. respectively.

NOTE

All the above advances are towards normal NBFC business of the company and are utilised by borrowers for their short term business needs. These advances bear varied interest as per agreed terms between borrower and the company

NOTE 2. In the opinion of the Board Current Assets, Loans and Advances have a realisable value at an amount at which they are stated in the balance sheet, if realised in the ordinary course of business.

NOTE 3. The stock of shares is valued at lower of cost or net realisable value whichever is less. Cost is ascertained on FIFO basis.

NOTE 4. Investments in Shares includes the shares valuing Rs. 9,37,61,301 pledged with Bajaj Finserv Ltd as security against loan.

NOTE 5. Long term loans and advances includes Rs. 58,00,000 being part payment made for purchase of property. As reported in earlier years, the company has filed a suit in the High Court of Judicature at Mumbai for specific performance of this agreement for purchase.

NOTE 6. The Company has borrowed interest free loan from certain corporate entities. Opening balance of such borrowings is Rs.13,75,00,000 and after repayment of Rs. 4,75,00,000 closing balance of such loan is Rs.9,00,00,000.

NOTE 7. Previous year figures have been regrouped/rearranged wherever felt necessary to make them comparable with current year figures.

NOTE 8. RELATED PARTY DISCLOSURE-AS-18

According to the Accounting Standard 18 (Related Party Disclosure) issued by the Institute of Chartered Accountants of India, the disclosure of transactions with the related parties as defined in the Accounting Standard are given as per Annexure I attached.

Note 9. SEGMENT REPORTING - AS - 17

According to the Accounting Standard 17 (Segment Reporting) issued by the Institute of Chartered Accountants of India, the disclosure of reportable segments as defined in the Accounting Standard are given as per Annexure II attached.

DISCLOSURE REQUIREMENT AS PER AS-17 : SEGMENT REPO RTING

A. Segment information as per Accounting Standard - 17 on Segment Reporting :

Information provided in respect of revenue items for the year ended 31st March, 2018 and in respect of assets / liabilities as at 31st March, 2018.

i. Primary/ Secondary Segment Reporting Format:

The risk return profile of the Company's business is determined predominantly by the nature of its product. Accordingly, the business segments constitute the Primary Segments for the disclosure of segment information.

ii. Reportable Segments:

Segments have been identified and reported taking into account the differing risks and returns, nature of the products, the organisational structure and the internal reporting system of the Company.

iii. Segment Composition:

Capital Market Segment includes trading and investment in Shares and Futures and Options.

Financing Activity includes business of lending activities