Jackson Investments Ltd — Results, 27-05-2025: Result

Corporate Identification No.: L65993WB1982PLC035211

Website: www.jacksoninvestltd.co.in

May 27, 2025

The Deputy Manager

Department of Corporate Services

BSE Limited

P. J. Towers, Dalal Street, Fort

Mumbai – 400 001

Ref: Scrip Code 538422

Sub: Submission of Audited Financial Results for the Quarter and Year Ended

March 31, 2025

Respected Sir or Madam,

With reference to the above and in compliance with Regulation 33(3) of SEBI

(LODR) Regulations, 2015, we are enclosing with this letter, Audited Financial

Results for the 4th quarter and Year ended on 31st March 2025 together with

Statement of Assets & Liabilities, Cash Flow Statement and Audit Report from

Statutory Auditors as well as declaration pursuant to Regulation 33(3)(d) of SEBI

(LODR) Regulations, 2015, as amended till date.

The meeting was commenced at 14.30 Hrs. and concluded at 15.30 Hrs.

Kindly take the same on your record & oblige.

Thanking You,

Yours Faithfully,

For JACKSON INVESTMENTS LIMITED

RAMESH KUMAR SARASWAT

DIN: 00243428

MANAGING DIRECTOR

Enclosed: a/a

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Corporate Identification No.: L65993WB1982PLC035211

Website: www.jacksoninvestltd.co.in

May 27, 2025

The Deputy Manager

Department of Corporate Services

BSE Limited

P. J. Towers, Dalal Street, Fort

Mumbai – 400 001

Ref: Scrip Code 538422

Sub: Declaration pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations,

2015

Respected Sir,

It is hereby declared and confirmed that the Auditors’ Report on Annual Financial

Results of the Company for the Year ended 31st March 2025 is with unmodified

opinion.

This declaration is furnished in reference to the provision of Clause (d) of sub

regulation (3) of Regulation 33 of SEBI (LODR) Regulations, 2015 as notified on 25th

May 2016.

Thanking You,

Yours Faithfully,

For JACKSON INVESTMENTS LIMITED

RAMESH KUMAR SARASWAT

DIN: 00243428

MANAGING DIRECTOR

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₹ in Lakhs

31.03.202531.12.202431.03.202431.03.202531.03.2024

AuditedUn-AuditedAuditedAuditedAudited

IRevenue from Operations14.670 14.996 15.605 59.494 59.732

IIOther Income/(Loss)(5.200) 5.200 - - -

IIITotal Income (I+II)9.470 20.196 15.605 59.494 59.732

IVCost of Material Consumed

- - - - - Purchases

- - - - - Increase /Decrease of Stock

0.002 0.001 13.385 0.004 13.384

Employees Benefit Expenses4.630 4.630 4.591 18.293 18.318

Finance Costs- - - - -

Depreciation & Amortization Expenses- - - - -

Other Expenses107.609 7.576 11.526 127.430 39.706

Total Expenses (IV)112.241 12.207 29.502 145.727 71.408

VProfit / (Loss) before Tax & Exceptional Items (III-IV)(102.771) 7.989 (13.897) (86.233) (11.676)

VIExceptional Items- - - - -

VIIProfit / (Loss) before Tax (V-VI)(102.771) 7.989 (13.897) (86.233) (11.676) VIII

Current(4.298) 2.076 (0.578) - -

Deferred Tax- 0.002 0.116 0.002 0.118

Total Tax Expenses (VIII)(4.298) 2.078 (0.462) 0.002 0.118

IXProfit for the Period / Year from continuing operations (VII-VIII)(98.473) 5.911 (13.435) (86.235) (11.794)

XOther Comprehensive Income- - - - - A. Items that will not be classified to Profit or Loss

- - - - - i) Fair value changes on Equity Instruments carried at fair value through OCI;

5.217 (7.711) (10.191) (1.188) (10.191) ii) Income Tax relating to Items that will not be reclassified to Profit or Loss

(1.356) 2.005 2.649 0.309 2.649 B. i) Items that will not be classified to Profit or Loss

- - - - - ii) Income Tax relating to Items that may be reclassified to Profit or Loss

- - - - - Total other Comprehensive Income (X)

3.861 (9.716) (7.542) (0.879) (7.542)

XITotal Comprehensive Income for the Period / Year (IX+X)(94.612) (3.805) (20.977) (87.114) (19.336)

XIIPaid-up Equity Share Capital (Face Value of ₹ 1/- each)2,907.081 2,907.081 2,907.081 2,907.081 2,907.081

XIIIOther Equity179.440 (92.326)

XIVEarnings per Share (Face Value of ₹ 1/- each)a) Basic(0.033) (0.001) (0.007) (0.030) (0.007)

b) Diluted(0.033) (0.001) (0.007) (0.030) (0.007)

Notes :

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

Place : Kolkata Sd/-

Date : May 27, 2025Ramesh Kr. SaraswatManaging Director

JACKSON INVESTMENTS LIMITED

Regd. Office : 7A, Bentinck Street, 3rd Floor, Kolkata-700 001

CIN - L65993WB1982PLC03521, Email : jacksoninv.kolkata@gmail.com, Website : www.jacksoninvestltd.co.in

Statement of Standalone Audited Financial Results for the Quarter & Year ended 31st March 2025

Sr. No.ParticularsQuarter Ended Year Ended

The Company has ongoing matter with ‘Office of Registrar of Companies, West Bengal’ (‘ROC’) (Letter ROC/TS/206(4)/Inquiry/490/23/3836 dated 9 August2024), wherein, ROC has ordered an inquiry in the books of accounts & other records / papers of the Company, which inter alia, involves a past matter relating to

‘loan’ receipt / ‘payment’. The management do not expect any negative outcome on account of the said matter

The Company holds ‘stock-in-trade’ of shares in listed Companies, which are not currently traded on any stock exchange (Calcutta Stock Exchange). Based onCompany’s anticipated recovery at disposal of these shares, the Company has valued such stock-in-trade’ at nominal value of INR 1 per share, totalling to INR

1.49 Lakhs.

For Jackson Investments Limited

Expenses

Tax Expenses

The Audited results were reviewed and recommended by Audit Committee and the statutory auditors taken on record by Board of Directors in their Meeting heldon May 27, 2025.

As per Indian Accounting Standard (lnd-AS) 108 "Operating Segment", the Company's business falls within a single business segment viz. "Finance & Investments"and thus Segmental Report for the half year is not applicable to the Company.

This statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind-AS) - 34, Interim Financial Reportingprescribed under Section 133 of the Companies Act, 2013, read with rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 and Companies (Indian

Accounting Standard) Accounting Rules, 2016.

Balances of certain trade receivables, trade payables, loans and advances, are subject to confirmation/reconciliation, if any. The management does not expect anymaterial adjustments in respect of the same affecting the financial statements on such reconciliation / adjustment.

The Company holds investments in various unlisted companies, valued at INR 778.43 Lakhs as on 31 March 2025. The Company had last undertaken fair valueassessment of these investments by obtaining valuation reports for valuation as on 31 March 2024. Based on self-assessment carried out by management as on

31 March 2025, there are no material changes expected to the fair value as on 31 March 2025, on comparison with previous valuations determined. Therefore,the management has decided to carry same fair value of investments as on 31 March 2025.

During past periods, the Company had given various advances (recoverable in cash / kind) totalling to INR 956.38 Lakhs (gross value). These advances were givenfor the purpose of acquiring of shares / securities, however, such acquisition is pending as on balance sheet date. The management is in process of either

settling these transactions by acquisition of shares / securities, or by squaring off the advances through repayment.

During the year ended 31 March 2025, the Company has undertaken recognition and measurement of Expected Credit Loss (ECL) on its financial assets asrequired under Ind AS 109 - Financial Instruments, (including in respect of receivables under dispute) (Note 10 to financial results). Considering that ECL

provisioning is mandatory under Ind AS 109, the Company has carried out the recognition and measurement retrospectively at year end in accordance with Ind AS8 (considering the same as prior period error). ECL pertaining to periods prior to 31 March 2024 (ie, earliest reporting period) is adjusted to retained earnings.

The Company has a dormant bank account (held with Kotak Mahindra Bank) totalling to 0.20 lakhs, reflected in the books of accounts. The balance is pendingconfirmation and may require adjustments upon receipt of relevant statements.

Previous period figures have been regrouped/rearranged wherever necessary to correspond with the current period / year classification / disclosures.

Figures for the Quarter ended 31st March 2025 and 31st March 2024 as reported in these financial results are the balancing figures between audited figures inrespect of the full financial years and the published year to date figures up to the end of 31 December (ie, 9 months) of the respective financial years.

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₹ In Lakhs

31st March 202531st Mar 2024

Audited Audited

ASSETS

Non-Current Assets

Properties Plant & Machinery 0.013 0.013

Intangible Assets - -

Capital Work in Progress - -

Income Tax Assets 16.680 11.167

Deferred Tax Assets (Net) 4.325 4.018

Long Term Loans & Advances - -

Other Non-Current Assets - -

Total Non-Current Assets ... 21.018 15.198

Non-Current Financial Assets

Non-Current Investments

Trade Receivables, Non-Current - -

Loans, Non-Current - -

Other Non-Current Financial Assets -

Total Non-Current Financial Assets ... - -

Current Assets

Inventories 1.489 1.493

Financial Assets

Current Investments 798.618 799.806

Trade Receivable 223.850 231.879

Cash & Cash Equivalents 1.101 9.151

Bank Balances 6.031 0.197

Short Term Loans & Advances 1,011.637 1,015.276

Other Financial Assets 707.850 784.892

Other Current Assets - -

Total Non-Current Assets ... 2,750.576 2,842.694

Total Assets ........... 2,771.594 2,857.892

EQUITY & LIABILITIES

Equity

Equity Share Capital 2,907.081 2,907.081

Reserves & Surplus (179.440) (92.326)

Money Received against Share Warrants - -

Total Equity ... 2,727.641 2,814.755

Share Application Money Pending allotment - -

LIABILITIES

Non Current Liabilities

Financial Liabilities - -

Long Term Borrowings - -

Long Term Provisions - -

Deferred Tax Liabilities (Net) - -

Other Non Current Liabilities - -

Total Non-Current Liabilities ... - -

Current Liabilities

Financial Liabilities - -

Short Term Borrowings - -

Trade Payables 39.670 39.670

Other Financial Liabilities - -

Short Term Provisions - -

Current Tax Liabilities (Net) - -

Other Current Liabilities 4.283 3.467

Total Current Liabilities ... 43.953 43.137

Total Liabilities ........... 43.953 43.137

Total Equity & Liabilities ........... 2,771.594 2,857.892

JACKSON INVESTMENTS LIMITED

Statement of Assets & Liabilities as at 31st March 2025

Particulars

As At

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(₹ In Lakhs)

Particulars As At31.03.2025 As At31.03.2024

Cash Flow from/(used in) Operating Activities

Profit before Tax (86.233) (204.185)

Adjustment for:

Interest Income on Deposits - -

Dividend Income- -

Fair Value Changes through OCI(1.188) (10.191)

Depreciation and Amortization Expenses- -

Operating Profit before Working Capital Changes(87.421) (214.376)

Movement in Working Capital:

Adjustment for:

Inventories0.004 13.384

Trade Receivables8.029 64.341

Current Assets- -

Loans & Advances3.639 101.379

Other Current Assets77.042 68.692

Long Term Current Assets

Financial Assets, Current

Non-Financial Assets, Current

Trade Payable, Current- -

Trade Payable, Non current - -

Other Current Liabilities 0.815 (1.234)

Depreciation and Amortisation Expences- -

Provisions, Current(5.513) (5.873)

84.016 240.689

Income Tax Paid- (0.116)

Cash Generated/(used) in Operations(A)(3.405) 26.197

Cash Flow from/(used) Investing Activities

Adjustment for Interest Income on Dividend Income- -

Adjustment for Interest Income on Interest Income- -

(Increase)/Decrease in Investment1.189 (22.409)

Depreciation and Amortization Expenses- -

Cash Generated/(used) in Investing Activities(B)1.189 (22.409)

Net Increase/(decrease) in Cash and Cash Equivalents(A+B)(2.216) 3.788

Total Cash and Cash Equivalent at beginning of year9.348 5.560

Total Cash and Cash Equivalent at end of year7.132 9.348

Net increase/(decrease) as disclosed above(2.216) 3.788

JACKSON INVESTMENTS LIMITED

Cash Flow Statement for the Year ended 31st March 2025

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S P M L & Associates

Chartered A c c o u n t a n t s

Head Office: Office No 09, Wing B-3, Ramanuj, Mahesh Nagar, S V Road, Near MTNL Exchange,

Goregaon (West), Mumbai – 400 104

Independent Auditor’s Report on Audited quarter ended Financial Results and Year ended Financial Results of the

Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015

To

The Board of Directors of

Jackson Investments Limited

Report on the audit of the Financial Results

Opinion

We have audited the accompanying Statement of Financial Results of Jackson Investments Limited

(CIN: L65993WB1982PLC03521) (the “Company”), for the quarter and year ended March 31, 2025 (the “Statement”),

attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

i. is presented in accordance with the requirements of the Listing Regulations in this regard; and

ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable

Indian Accounting Standards, and other accounting principles generally accepted in India, of the net Loss and other

comprehensive Income/(Loss) and other financial information of the Company for the half year and year ended

March 31, 2025.

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, as amended ("the Act"). Our responsibilities under those Standards are further described in the

"Auditor's Responsibilities for the Audit of the Financial Results" 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 Act and

the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and

the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for

our opinion.

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S P M L & Associates

Chartered A c c o u n t a n t s

Head Office: Office No 09, Wing B-3, Ramanuj, Mahesh Nagar, S V Road, Near MTNL Exchange,

Goregaon (West), Mumbai – 400 104

Emphasis of Matter

We draw attention to the following matters in the accompanying financial statements:

1. Certain balances of trade receivables, trade payables, and loans and advances are subject to confirmation,

reconciliation, and consequential adjustments, if any. The management has obtained confirmations for some of

these balances and is in the process of obtaining the remainder (Note 4 to financial results).

2. The Company has ongoing matter with ‘Office of Registrar of Companies, West Bengal’ (‘ROC’) (Letter

ROC/TS/206(4)/Inquiry/490/23/3836 dated 9 August 2024), wherein, ROC has ordered an inquiry in the books of

accounts & other records / papers of the Company, which inter alia, involves a past matter relating to ‘loan’

receipt / ‘payment’. The management has represented that it does not expect any negative outcome on account

of the said matter (Note 5 to financial results)

3. In accordance with Object clause A. - 1. & 2. of its ‘Memorandum of Association’, the Company is engaged in

Investments and trading of shares and securities and other financial activities and meets the criteria specified

under Section 45-IA of the Reserve Bank of India Act, 1934, requiring registration as a Non-Banking Financial

Company (NBFC). However, the Company has not obtained such registration from the Reserve Bank of India.

4. The Company holds investments in various unlisted companies, valued at INR 778.43 Lakhs as on 31 March 2025.

The Company had last undertaken fair value assessment of these investments by obtaining valuation reports for

valuation as on 31 March 2024. The management have undertaken self-assessment of these investments as on

31 March 2025 and based on the same, they do not expect any material changes to the fair value determined

under previous valuation reports. Therefore, the management has decided to carry same fair value of

investments as on 31 March 2025. We have solely relied on management’s representation in this regard.

(Note 6 to financial results)

5. The Company holds ‘stock-in-trade’ of shares in listed Companies, which are not currently traded on any stock

exchange (Calcutta Stock Exchange). Based on Company’s anticipated recovery at disposal of these shares, the

Company has valued such stock-in-trade’ at nominal value of INR 1 per share, totalling to INR 1.49 Lakhs. (Note 7

to financial results)

6. During past years / periods, the Company had given various advances (recoverable in cash / kind) totalling to

INR 956.38 Lakhs (gross value) – shown under ‘Other financial assets (current)’. The management has

explained us that these advances were given for the purpose of acquiring of shares / securities, however,

such acquisition is pending as on balance sheet date. The management is in process of either settling these

transactions by acquisition of shares / securities, or by squaring off the advances through repayment. We

have solely relied on management’s representation in this regard (Note 8 to financial results).

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S P M L & Associates

Chartered A c c o u n t a n t s

Head Office: Office No 09, Wing B-3, Ramanuj, Mahesh Nagar, S V Road, Near MTNL Exchange,

Goregaon (West), Mumbai – 400 104

7. During the year ended 31 March 2025, the Company has undertaken recognition and measurement of Expected

Credit Loss (ECL) on its financial assets as required under Ind AS 109 - Financial Instruments, (including in respect

of receivables under dispute) (Note 10 to financial results). Considering that ECL provisioning is mandatory under

Ind AS 109, the Company has carried out the recognition and measurement retrospectively at year end in

accordance with Ind AS 8 (considering the same as prior period error) (Note 9 to financial results)

8. Based on our review, it is observed that interest income is not recognized on some of outstanding loans and

advances given to various parties as interest income could not be crystallized from such parties. However, the

management is of the opinion that it will be able to soon recover the principal amount from these parties. The

Company has considered ECL provision in respect of these parties as per the policy adopted considering them as

credit-impaired financial assets. In the absence of any further details / documents, we have solely relied on

management’s representation with regard to the items of these loans and the ECL provision thereof.

9. The Company has outstanding ‘trade receivables’ for more than 3 years, totalling to 303.72 Lakhs (gross value) in

respect of shares transferred by it to such parties. The management is of the opinion that it is in process of

recovering these amounts. The Company has considered ECL provision in respect of these parties as per the

policy adopted considering them as credit-impaired financial assets.

10. The Company has a dormant bank account (held with Kotak Mahindra Bank) totalling to 0.20 lakhs, reflected in

the books of accounts. The balance is pending confirmation and may require adjustments upon receipt of

relevant statements. (Note 10 to the financial results).

Our opinion is not modified in respect of these matters.

Management's Responsibilities for the Financial Results

The Company’s Management and the Board of Directors are responsible for the preparation and presentation of

statement that gives a true and fair view of the Net Loss and other comprehensive income/(loss) and other financial

information in accordance with the recognition and measurement principles laid down in Indian Accounting Standards

prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance

with Regulation 33 of the Listing Regulations.

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 accounting policies; making judgments and estimates that are reasonable and

prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating

effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and

presentation of the annual financial results that give a true and fair view and are free from material misstatement,

whether due to fraud or error.

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S P M L & Associates

Chartered A c c o u n t a n t s

Head Office: Office No 09, Wing B-3, Ramanuj, Mahesh Nagar, S V Road, Near MTNL Exchange,

Goregaon (West), Mumbai – 400 104

In preparing the statement, the Management and the Board of Directors are 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 the Board of Directors either intends to liquidate the Company or to cease

operations, or has no realistic alternative but to do so.

The Board of Directors is responsible for overseeing the Company’s financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether 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 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 statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism

throughout the audit. Also:

• Identify and assess the risks of material misstatement of the statement, 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 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 with reference to financial statements

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 and the Board of Directors.

• Conclude on the appropriateness of the management and Board of Directors' 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 financial results 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.

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S P M L & Associates

Chartered A c c o u n t a n t s

Head Office: Office No 09, Wing B-3, Ramanuj, Mahesh Nagar, S V Road, Near MTNL Exchange,

Goregaon (West), Mumbai – 400 104

• Evaluate the overall presentation, structure and content of the statement including the disclosures, and whether

the Statement represents 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.

Other Matters

The statement includes the results for the quarter ended March 31, 2025 being the balancing figure between the

audited figures in respect of the full financial year ended March 31, 2025 and the published unaudited year to date

figures up to 31 December (ie, end of quarter 3) of the current financial year which were subject to limited review by us

as required under the listing Regulations.

For S P M L & Associates

Chartered Accountants

FRN – 136549W

CA Govind Mandhania

(Partner)

M No – 183098

Date: May 27, 2025

Place: Mumbai

UDIN: 25183098BMJEKO4820

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