#On 06th March, 2023 the Company has converted loan of Rs. 8,24,99,850/- into equity shares totalling 611110 valued at Rs.135/- relying on the valuation report given by CA Gaurang Agarwal, Registered Valuer.

b. Terms and rights attached to equity shares

The company has issued only one class of equity share having a par value of Rs. 10 per share. Each holder of equity shares is entitled to vote per share. The company declares and pays dividend if any, in Indian Rupees. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the company, the holders of equity shares will be entitiled to receive remaining assets of the company, after distribution of all the preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholder.

Basic earnings per share is computed by dividing the net profit or loss for the period attributable to equity shareholders after deducting attributable taxes by the weighted average number of equity shares outstanding during the period.

Diluted earnings per share are computed by dividing the net profit or loss for the period by the weighted average number of equity shares outstanding during the period. Both profit for the year and weighted average numbers of shares are adjusted for the effects of all diluted potential equity shares except where the results are anti-dilutive.

Cash and cash equivalents

In the cash flow statement, cash and cash equivalents include cash in hand, term deposits with banks and other short-term highly liquid investments with maturities of three months or less.

Current and non-current classification

The company presents assets and liabilities in the balance sheet based on current/ non-current classification. An asset is treated as current when it is:

•    Expected to be realized or intended to be sold or consumed in normal operating cycle

•    Held primarily for the purpose of trading

•    Expected to be realized within twelve months after the reporting period, or

•    Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period

All other assets are classified as- non-current.

A liability is current when:

•    It is expected to be settled in normal operating cycle

•    It is held primarily for the purpose of trading

•    It is due to be settled within twelve months    after the reporting period, or

•    There is no unconditional right to defer the    settlement of the liability for at least twelve months after the reporting period

All other liabilities are classified as non-current.

M/s Shoora Capital Limited HongKong is a Short Term Liabilty and it will repaid within 6 months