Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 181

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 181
---
. The grant of nil, niland $53,846was recognized as other income in the consolidated financial statements
for the years ended March 31, 2025, 2024 and 2023, respectively.

Financial
instruments

The Company’s financial instruments, including cash and cash
equivalents, accounts receivable, contract assets, other current assets, accrued expenses and other current liabilities
and amounts due to a related party, have carrying amounts that approximate their fair values due to their short maturities. ASC Topic 820,
Fair Value Measurement requires disclosing the fair value of financial instruments held by the Company. ASC Topic 825, Financial
Instruments defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances
disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents,
accounts receivable, contract assets, other current assets, accrued expenses and other current liabilities and
amounts due to a related party, each qualify as financial instruments and are a reasonable estimate of their fair values because of the
short period between the origination of such instruments and their expected realization. The three levels of valuation hierarchy are defined
as follows:

  Level 1:      inputs to the valuation                                                                                                             
  Level 2:      inputs to the valuation                                                                                                             
  Level 3:      inputs to the valuation                                                                                                             

The
Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, Distinguishing Liabilities
from Equity, and ASC 815, Derivatives and Hedging.

Recent
accounting pronouncements

In
December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires the annual
financial statements to include consistent categories and greater disaggregation of information in the rate reconciliation, and income
taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for public business entities for annual periods beginning after December
15, 2024, and interim periods within those annual periods; early adoption is permitted. Adoption is either with a prospective method
or a fully retrospective method of transition. The Company plans to adopt ASU 2023-09 for the year beginning on April 1, 2025. The Company
is currently evaluating the effect the updated guidance will have on its disclosures.

In
November, 2024, the