Heads UP Ventures Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	10.49	22.87	13.55	23.47	150.15	170.63
Cash & Short-Term Investments	10.99	22.87	13.55	23.47	150.15	170.63
Cash Growth	20.22%	68.82%	-42.26%	-84.37%	-12.01%	213.20%
Accounts Receivable	105.18	10.64	9.23	11.24	13.84	19.76
Other Receivables	-	7.67	25.63	26.05	40.28	31.13
Receivables	180.27	18.31	34.86	126.55	161	233.03
Inventory	-	-	-	13.21	-	-
Prepaid Expenses	-	0.02	0.01	0.09	0.04	0.11
Other Current Assets	62.17	129.89	103.88	39.46	30.47	34.36
Total Current Assets	253.42	171.09	152.3	202.77	341.66	438.12
Property, Plant & Equipment	1.53	0.23	0.35	0.93	1.53	1.53
Long-Term Investments	11.35	10.03	8.75	-	-	-
Other Intangible Assets	-	1.3	1.3	1.49	-	-
Other Long-Term Assets	7.67	-0	0	9.76	8.29	0.87
Total Assets	273.96	182.64	162.7	214.96	351.47	440.52
Accounts Payable	49.21	1.42	1.35	4.07	4.31	10.71
Accrued Expenses	-	2.55	0.69	5.1	4.29	7.09
Short-Term Debt	-	-	-	-	41.69	73.89
Current Income Taxes Payable	-	-	-	-	0.95	0.95
Other Current Liabilities	28.18	25.16	21.1	21.07	19.34	13.57
Total Current Liabilities	77.38	29.13	23.13	30.24	70.58	106.19
Pension & Post-Retirement Benefits	-	-	-	3.15	3.12	2.85
Other Long-Term Liabilities	5.98	0.16	0.16	-0	-	-
Total Liabilities	83.36	29.29	23.29	33.39	73.7	109.05
Common Stock	220.83	220.83	220.83	220.83	220.83	220.83
Retained Earnings	-	-67.98	-81.92	-39.76	56.44	110.15
Comprehensive Income & Other	-30.23	0.5	0.5	0.5	0.5	0.5
Shareholders' Equity	190.6	153.35	139.41	181.57	277.77	331.48
Total Liabilities & Equity	273.96	182.64	162.7	214.96	351.47	440.52
Total Debt	-	-	-	-	41.69	73.89
Net Cash (Debt)	10.99	22.87	13.55	23.47	108.46	96.75
Net Cash Growth	20.22%	68.82%	-42.26%	-78.36%	12.10%	206.19%
Net Cash Per Share	0.45	1.03	0.62	1.06	4.91	4.38
Filing Date Shares Outstanding	22.35	22.08	22.08	22.08	22.08	22.08
Total Common Shares Outstanding	22.35	22.08	22.08	22.08	22.08	22.08
Working Capital	176.04	141.96	129.17	172.53	271.08	331.93
Book Value Per Share	8.53	6.94	6.31	8.22	12.58	15.01
Tangible Book Value	190.6	152.05	138.11	180.08	277.77	331.48
Tangible Book Value Per Share	8.53	6.89	6.25	8.15	12.58	15.01
Machinery	-	0.93	0.92	2.38	2.31	2.18
Construction In Progress	-	-	-	-	0.28	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.