Canara Bank : CANBANK VENTURE CAPITAL FUND LIMITED - FY 2024-25

CAFJNANK VENTURE CAPITAL FUNU LIMI1"kD

No.26, II Floor, Uwaral‹anatls Bliavsn, K Ft Roacl, Basavanagudi, Bsngoluru - 560 004.

CIN: U65110KA1096PLC0t7248

Balance Sheet as at 31 IYlarct 2025

(Amount is. in '00)

Particulars	Note No.	As at 31 March 2025	As at 31 March 2D24
EQUITY AND LIABILI1'IES
(1) Shareholders' f /tids
(a) Share capital		25,000	2$,000
(b) Reserves and Surplus	4	35,23,859	35,95,499
(2) Non-current IlRbilitioa
(a) Long-term pl ovisions		32,127	34,914
(3) Current liabilities
{a) Trade payabes
(A) Total Oitslanding dues of Micro Enterprise
and Small Enterprise
(B) To(at Outstanding dues of Creditors Other than
Micro Enterprise and Small Enterprise
(b) Other current liabilities		9,529	12,0 19
(c) Short-term provisions	7	4,292	465
II ASSET8		35,94,807	36,67,897
Non-currant assets
(1) (a) Property, Plant & Equipment and intangible Assets	8
Property, Plant & Equipment Intangible Assots		32,371	12,89G
(b) Non-current investments	9	0,35,361	5,21,403
(c) Deferred tax assets (ne()	10	13,951	15,145
(d) Other non- current assets	11	7,817	110
(2) Current assets
(a) Trade receivables
(b) Cash and cash equivalents	12	24,68,920	28,84,242
(c) ShOrt-term Ioan6 and advances	13	58,048	32,645
(d) Other current assets	14	1,77,429	2,01,455
		35,94,807	36,67,897
Summary of significant accounting policies and other explanatory information	4 to 40
See accompanying notes fori iin9 part uf Finai1c!aI Statements In terms cf our report attached /'or Mui'ali and Suinee Chartered Account S K Majumdar FRN No.01059 hairman N: 0822341 S Bangalore umar Ji Partner Membership No 21 1925 mrna UDIN : 6lRâ§SMi0Yzs Sr. Executive Vice President Place: Bengaluru Date: 21 /01/2025		Sanjeev Managing Difector DIN : 10132026

CANBANK VENTURE'CAPITAL FUND LIMITED

No.26, II Floor, Owarakanath Bhavan, K R Road, Basavanagudl, Bengaluru - 580 004.

CIN: U85110KA1995PLC017248

6tatement of Profit and Loss for the year ended 31 March 2026 (Amount Re. In '00}

	Note No.	For the year ended 31. March 2026	For the year ended 31 Mamh 2024
Revenue from operations Other Income Total Income (I+II) Expenses Employee benefita .expei1se Finance Cost Depreciation ard amortization expense Other expenses Profit before exceptional and extraordlnay items and tax (III-IV} Excaptlonal Itams Profit before extraordinary ltams and tax (V-VI) Extraordinary items. Profit before tax Tax.expense Current tax Taxes- Previous years Deferred tax Total tax expense Profit after tax {IX-X) Earnings per equip share Baaic & diluted ( Amt ln Rs.)	15 16 17 18 10 19 23	1,77,422 2,07,764	1,7/,727 2,34,447
		3,85,t86	4,12,174
		1,82,116 377 11,874 88,057	1,71,5B7 4,468 59,384
		2,80,426	2,38,419
		1,04,760 1,04,760 1,04,760 41,410 33,795 1,195	1,76,756 (7) 1,76,749 1,76,749 43,650 2,758 408 48,818
			1,29,833
		11.34	51.97
Summary of elgnificant accounting policies and other explanatory Information	1 to 40
See accompanying notea forming part of Financial Statements In terms of our raport attachecl lay Murali and 4umeet Chartered Account S K Igajumdar Sanjeev r vastava FRN No.0105 Chairman Managing Director IN: 08223415 DIN : 10132026 6umeet mar Palner Membership No 21192 uneet Ku ar 9harma UDIN : ,Qty yyyy Sr. Executive Vioe Presldent Place: Bengaluru Date: 21 /04/2025

CANBANK VENTURE CAPITAL FUXD LIMITED CIN : U86110KA199bPLC017248

angalore

Cash Flow .Statement for the year ended 31 I¥larch 2026 gAmount.Rs '00)

Particulars	For the Year ended March 31, 2026	For the Year ended March *1, 2024
A Cash Flow fr0m Operating Activltles
Profit / (Loas) before extraordinary itsms and tax	1,04,760	1,70,749
Adjustment for:
Depreclatlon	11,874	4,488
Interest Income	(2,02,092)	(2,24,777)
(Proflt)/loas on sale of mutual fund	(377)	(1,357)
Excesa provision reversed		3,603
Provielon for Oratuity	8,741
Provision for Leave Encashment	3,037
(Profit) Loss on Sale of Property, Plant and Equipment (net)	(3,734}	7
Operating profit before working capital changes	(77,791)	(41,007)
Adjustment for:
Decreasa/(Increase)iTrade receivables		z,g1z
Decrease/(Increase).Short-term loana and.advances	(51,777)	1,725
D9craasa/(Increase) Long-term losns and advances		100
Decrease/(IncreasOet)her current assets	24,016	(18,710)
Decrease/(Increase) Other non-current assets	(7,707)
(Decrease)/Increase Long Term Provisions	(15,465)	5,273
(Decrease)/fncrease Trade Payables		(8,466)
(Decraase)/lncrease Othar Current Liabilities	(2,400)	(1,544)
(Decrease)/Increase Short tarm Provisions	155	(6,310)
Cash Generated from OperationB
	(1,41,060)	(63,369)
income taxas paid, net
	tB6,638)	ge,125
Net Cash Flow from Operating Activities.
	(1,97,698}	6,766
B Cash Flow from Investlng Actlvltles
(Purchase)/sale of Property, Plant and Equipment (Nat)	(27,814)	11'5
Interest received	2,23,230	83,828
Purchase of VC Fund	(3,13,658)	43,184
Purchase of MutualFund	{50,000)	(1,07,500)
Sale of Mutual Fund	50,377	1,80,044
Proceeds from AIF	341	547
(Increase)/Decrease in deposlts maintained Mth bank - other
bank balances	4,47,000	1,00,001
Nat Cash Flow from Investing Activities
	3,29,376	3,00,219
C Cash Flow from Financing Activities
Dividend including dlvidarid tax paid	(1,00,000)	(.3,00,00g)
Net Cash Flow from Financing Actlvltles
	(1,00,000)	(3,00,000)
hlet Increase / (decrease) in Cash and Cash Equivalents (A+B+C)		5,085
Increase / (Decrease) in Cash And Cash Equivalents
Cash and Cash Equivalents at the Be8 nnln8 Of the Year	14.476	8,493
Cash and Cash Equivalents at the End of the Yaar	4s,166
Note : I) The above Cash flow Statement hae been compiled from and Is basad on the Balance Shset as at March 31, 2025 and the related Statement of Profit and Loss for the year ended on that date. ii) Above Caah Flow Statement hag been prepared under indirect method (n accordance wtth the Ac 3 on Caah Flow.Statement prescflbed under the Companies (Accounts) Rules, 2014

Ill) ReConclliation of cash & cash equivalents wfth tote balance sheet:.		{Amount Rs '00)
Particulars	Year ended March 31", 2026	Year ended 8/Ierch 31, 2024
Cath and Bank balances (Refar Nota no. 14) Less: Other Bank balances (Refar Note no, 14) Cash and caeh oqulvalents at ihe end of the year	24,B8,92O 24,22,764 46,168	28,84,242 28,.86,764 14,478
lv) Previous year's flgurss have been regrouped wherever necessary to confirm to current years presentation. In terms of our report attached for Murall and Sumeet Chartered Accountants S K Majumdar FRN No.010580S Chairman DIN: 08'2234'15 Same v r Shrivastava Managing Director DIN : 101220zg Sumeet Kumar Jindal Partner Membership No 21t025 UDIN : § f}§ gJ'ztlD}t1 / Puneet Kumar Sharma Place: Bengaluru Sr. Executive Vice President Date:Al /04/2025

CANBANK VENTURE CAPITAL FUND LIMITED

Notes forming part of financial statements

1. Corporate Information

   Canhank Venture Capital Fund Limited ("the company") was Incoiporated in February 199ii as a Limited Company under the Companies Act, 1956. The registered office of the company is in Bangalore, India.

   The company is an Asset Management Company, presently managing the Venture Capital funds. The activities of the company revolve around this business and the operations are only in India. The company is a wholly owned subsidiary of Canara Bank.

2. Significant Accounting Policies

   1. Basis of Preparation of Financial Statements:

      The financial statements have been prepared and presented under the historical cost convention on the accrual basis of accounting and comply with the Accounting Standards as prescribed in Section 133 of the Companies Act, 2013, to the extent applicable. The financial statements have beets prepared and presented n lodian rupees (rounded off to nearest hundred).

   2. Use of estimates:

      The preparation of financial statements is in conformity with generally accepted accounting principles in India that requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities on the date of the financial statements. Although these estimates are based upon management's best knowledge of current events and actions, actual results could differ from those estimates. Difference if any, between the actual results ancl the estimates are recognized in the period in which the results are known/materialized.

   3. income Recognition:

Accounting Standard - 9 deals with the bases for recognition of revenue in the statement of profit and loss of an enterprise. The Standard is concerned with the recognition of revenue arising in the course of the ordinary activities of the enterprise.

Accordingly, Annual Management and Tr«steeship fee for managing the Venture Capital Funds is recognized as per the terns of the Agreement with the respective Funds.

Interest income arising from deployment of surplus funds is recognized on a time proportionate basis using transactional interest rates.

Profit or loss on sale of investments is determined on the basis of simple average carrying amount of investments disposed.

Proportionate share of Income (under pass through status) from Investment in Venture Capital Funds (VCFs) is not recognized in the year VCFs generate income, as ultimate collection of revenue (i.e. distribution of income by the VCFs) is unascertainable in lieu of the distribution waterfall in the contribution cum management agreement. Revenue is recognized in the year VCFs distribute the income, in line with the terms of agree riants with the VCFs.

, Bangalore