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30-05-2025 | 02:35 pm

€FL €XplicitFinance £imited

305,Sohan Commercial Plaza, opp. Shivsena Office, vasai (E), Dist Palghar - 401210.

Tel. : 9320478152

CIN No. : L6599 OMH1994 PLC 076788

Website : www.explicitfinance.net

Email : explicit_finance@rediffmail.com

May 30, 2025

The Manager

(Listing —CRD)

BSE Limited

Phiroze Jeejeebhoy Tower

Dalal Street, Fort

Mumbai - 400 001

Scrip code: 530571

SUB : Outcome of Board Meeting

Dear Sir/Madam,

We would like to inform you that the meeting of board of directors of the company was held on

May 30, 2025. The meeting started at 1.30 PM and concluded at 2.20 PM. In the meeting inter

alia following points were discussed and resolved upon.

1) Considered and approved the Audited Financial Results of the Company for the

quarter and financial year ended March 31, 2025.

2) As there was no further business to discuss, board concluded the meeting.

Thanking you,

Yours truly,

. For Explicit Finw.

Gopal Dave

Chairman

(DIN:00334120)

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€FP €xplicit Finance Limited

305. Sohan Commercial Plaza, Opp. Shivsena Office, Vasai (E),

Dist.Thane - 401 210

Tel. : 0250 - 3246249 / 93204781 52

CIN No. L6599 OMH1994 PLC 076788

‘Websr(e . www.explicitfinance.net

Email explicit_finance@rediffmail.com

Statement of Audited Financial Results for the Quarter and Year ended 31st March 2025 (Amount in Lakhs)

Quarter Ended Year Ended 3ist March | 31st December | 31st March | 31st March | 31st March

2025 2024 2024 2025 2024

Particulars (Audited) | (unaudited) | (Audited) | (Audited) | (Audited)

Revenue from operations

(i) | Interest Income 3.96 2018 18.95 59.13 6383 (ii) | Dividend Income 0.13 0.03 - 0.19 0.08

(iif) | Net gain on fair value changes . - - -

(iv) | Sale of Share and Securities 23185 102.44 27321 617.31 875.76

(v) | Other operating Income - 0.19 ©.51) - . (1) | Total Revenue from operations 23594 12284 29165 67663 939.67

(1) | Other Income 125 - 051 2.31 0.51

(1I1) | Total Income (1+11) 737.19 17784 292.16 §78.94 940.18

Expenses

Finance Costs - - - - - Net loss on fair value changes = 2 2 5 -

Cost of materials consumed = 5 . . 5

Purchases of Stock -in -trade 221.08 117.39 261.10 625.59 858.41

(v) | Changsin Inventories of fnished goods, stock -in - rade

and work -in - progress 11.81 (7.61) 39.03 25.65 7.6

Employee Benefits Expenses 3.53 3.53 421 1421 14.17

Depreciation, amortization and impairment 025 0.10 032 0.55 0.40

Others expenses 3.42 L12 488 1341 57.62

Total Expenses 740.09 11433 30954 679.41 938.36

Profit / (loss) before exceptional items and tax (III - IV) (290 831 (17.38) 047) 182

Exceptional items = 2 . i C

Profit/(loss) before tax (V -VI) @.90) 831 A7.38) ©.47) 182

Tax Expense:

(1) Current year Tax = 5 % - 030 (2) Previous year Tax - = 0.30 . 5

(3) Deferred Tax . s 5 X <

(1X) | Profit/(loss) for the period (VIL-VIII) @90) 831 7.68) ©a7) 152

(X) | Other Comprehensive Income/(Loss) 5 : g 3 ;

(XI) | Total Comprehensive Income for the period (IX+X) 2.90) 831 (17.68) 0.47) 152

(I | pyjg-up equity share capital (Face Value of Rs. 10 Each) 926.76 92676 926.76 926.76 92676

(XII) | Reserve excluding Revaluation Reserve - 3

(XIV) | Earnings per equity share (for continuing operations)

Basic (Rs.) (0.03) 0.09 (0.19) (0.01) 0.02

Diluted (Rs) (0.03) 0.09 (0.19) (0.01) 0.02

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Note :

1 Disclosure of assets and liabilities (Balance Sheet) as per Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015 for the year ended 31st March 2025

(Amount in Lakhs)

Particul As at March As at March oy 31st, 2025 31st, 2024

ASSETS

1 | Financial Assets

a. Cash and Cash Equivalents 188.45 118.82

b. Bank Balance other then above 0.00 0.00

c. Receivables 1.33 0.47

d. Loans 578.93 621.49

e Investments 0.00 0.00

f: Other financial assets 0.00 0.00

2 | Non - Financial Assets

a. Inventories 19.05 44.71

b. Current Tax Assets(Net) 779 9.01

c Property, plant and equipment 0.52 1.07

d. Other Non - Financial Assets 0.00 0.00

Total Assets 796.07 795.57

LIABILITIES & EQUITY

1 |LIABILITIES

1.1| Financial Liabilities

a. Borrowings (Other than Debt Securities 0.00 0.00

b. Other financial Liabilities 0.00 0.00

& Trade Payable 0.65 0.00

1.2| Non - Financial Liabilities

a. Provision 4.96 4.63

b. Other non - financial Liabilities 0.00 0.00

2 | Equity

a. Equity Share Capital 926.76 926.76

b. Other Equity -136.30 -135.82

Total Equity and Liabilities 796.07 795.57

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Note

1 Disclosure of assets and liabilities (Balance Sheet) as per Regulation 33 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015 for the year ended 31st March 2025

(Amount in Lakhs)

Particalais As at March As at March

31st, 2025 31st, 2024

ASSETS

1 | Financial Assets

a, Cash and Cash Equivalents 188.45 118.82

b. Bank Balance other then above 0.00 0.00

[ Receivables 1.33 0.47

d. Loans 578.93 621.49

e Investments 0.00 0.00

£ Other financial assets 0.00 0.00

2 | Non - Financial Assets

a. Inventories 19.05 44.71

b. Current Tax Assets(Net) 739 9.01

L. Property, plant and equipment 0.52 1.07

d. Other Non - Financial Assets 0.00 0.00

Total Assets 796.07 795.57

LIABILITIES & EQUITY

1 |LIABILITIES

1.1| Financial Liabilities

a. Borrowings (Other than Debt Securities 0.00 0.00

b. Other financial Liabilities 0.00 0.00

e Trade Payable 0.65 0.00

1.2| Non - Financial Liabilities

a. Provision 4.96 4.63

b. Other non - financial Liabilities 0.00 0.00

2 | Equity

a. Equity Share Capital 926.76 926.76

b. Other Equity -136.30 -135.82

Total Equity and Liabilities 796.07 795.57

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The above audited standalone financial results for the quarter and year ended 31st March, 2025 have been reviewed by the Audit Committee

and approved by the Board of Directors at their meeting held on 30th May,2025 statutory auditors of the Company have expressed an unmodified audit opinion.

‘The Company being engaged in Investment and financing activities and accordingly there is no separate reportable segment as per IND AS

108 specified under section 133 of the Companies Act, 2013.

The figures for the corresponding previous period have been regrouped/reclassified wherever necessary, to make them comparable. The

figures of quarter ended 31-03-2025 are difference between Audited Results for the year ended 31-03-25 and unaudited results for nine

‘months.

xpm&fi imited

The above financal results are available at www.bseindia.com and www.explicitfinance.net

Place: Mumbai

Date: 30th May, 2025

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|CK GMCS &Co.

Chartered Accountants

INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL

RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS

To The Board of Directors of

EXPLICIT FINANCE LIMITED

Opinion

We have audited the accompanying statement financial results of EXPLICIT FINANCE LIMITED

(the "Company") for the quarter and year ended March 31, 2025 ("Statement") attached herewith,

and the statement of standalone Assets and Liabilities as on that date and the Statement of

standalone Cash Flows for the year ended on that date which are included in the accompanying

Statement of Standalone Financial Results for quarter and year ended 31 March 2025 (the

"Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 and

Regulation 52 of the Securities and Exchange Board of India (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:

a) is presented in accordance with the requirements of Regulation 33 and Regulation 52 of

the Listing Regulations; and

b) give a true and fair view in conformity with the recognition and measurement principles

laid down in the Indian Accounting Standards ("Ind AS"), RBI guidelines and other

accounting principles generally accepted in India of the net profit and other

comprehensive income and other financial information for the quarter and year ended 31

March 2025 and also the Statement of Standalone Assets and Liabilities as at 31 March

2025 and the Statement of Standalone Cash Flows for the year ended on that date.

Basis of opinion

We conducted our audit in accordance with the Standards on Auditing (‘Standards') specified

under section 143(10) of the Companies Act, 2013 (the 'Act’) and other applicable

authoritative pronouncements issued by the Institute of Chartered Accountants of India

("ICAI"). Our responsibilities under those Standards are further described in the "Auditor's

Responsibilities for the Audit of the Statement” section of our report. We are independent of

the Company in accordance with the Code of Ethics issued by the ICAI together with the

ethical requirements that are relevant to our audit of the Statement under the provisions of

the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in

accordance with these requirements and ICAl's Code of Ethics. We believe that the audit

evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

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Email: amitcabansal@gmail.com | Landline: +91 22 4002 5397 | Mobile: +91 844 5127 656

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K—K GMCS &Co.

Chartered Accountants

Management's Responsil ies for the Statement:

This Statement, which includes the standalone financial results is the responsibility of the Company's

Board of Directors and has been approved by them for issuance. The Statement has been compiled

from the audited standalone financial statements for the year ended 31 March 2025. The Board of

Directors are responsible for the preparation and presentation of this Statement that give a true and

fair view of the net profit and other comprehensive income and other financial information in

accordance with the recognition and measurement principles laid down in the Ind AS, prescribed

under Section 133 of the Act read with relevant rules issued there under, RBI guidelines and other

accounting principles generally accepted in India and in compliance with Regulation 33 and

Regulation 52 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 design, implementation and

maintenance of adequate internal financial controls that were operating effectively for ensuring the

accuracy and completeness of the accounting records, relevant to the preparation and presentation

of the Statement that give a true and fair view and are free from material misstatement, whether

due to fraud or error.

In preparing the Statement, 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 are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Statement

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is 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 this Statement.

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

professional skepticism throughout the audit. We 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

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Email: amitcabansal@gmail.com | Landline: +91 22 4002 5397 | Mobile: +91 844 5127 656

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f GMCS &Co.

|, % Chartered A(x)ounlanots

error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or

the override of internal control.

e 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.

e Evaluate the appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by the Board of Directors.

e Conclude on the appropriateness of the 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 condusions 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.

e 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.

« obtain sufficient appropriate audit evidence regarding the standalone financial results of the

Company to express an opinion on the same.

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.

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Email: amitcabansal@gmail.com | Landline: +91 22 4002 5397 | Mobile: +91 844 5127 656

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K—K GMCS &Co.

Chartered Accountants

Other Matters

The Statement includes results for the quarter ended 31st March, 2025 and comparative figures for the quarter

ended 31st March, 2024, both figures are balancing figure between audited figures in respect of the full

financial year ending 31st March, 2025 and 31st March, 2024 and the published limited reviewed figures up to

quarter and nine months ended 31st December, 2024 and 31st December, 2023, respectively. We have not

issued a separate limited review report on the results and figures for the quarter ended 31st March, 2025.

Our report is not modified in respect of this matter.

For GMCS & Co.

Chartered Accountants

FRN: 141236W, Do’

Amit Bansal

M.no 424232

UDIN: 25424232BMIOEQ2904

Place: Thane

Dated: 30-05-2025

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Email: amitcabansal@gmail.com | Landline: +91 22 4002 5397 | Mobile: +91 844 5127 656

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