Provisons, Contingent liabilities & Contingent assets

a) Provision

A provision is recognized when the Company has a present obligation as a result of
past events, and it is probable that an outflow of resources embodying economic
benefit will be required to settle the obligation, in respect of which a reliable
estimate can be made. Provisions are not discounted to its present value and are
determined based on the best estimate required to settle the obligation at the
balance sheet date. These are reviewed at each balance sheet date and adjusted
to reflect the current best estimates.

b) Contingent Liabilities

A Contingent liability is disclosed, unless the possibility of an outflow of resources
embodying the economic benefits are remote.

c) Contingent Assets

Contingent asset is neither recognized nor disclosed in the financial statements.

2.13. Earnings per share

Basic earning per share is calculated by dividing the net profit or loss for the period/
year attributable to equity shareholders by the weighted average number of equity
shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net profit or loss for the
year attributable to equity shareholders and the weighted average number of shares
outstanding during the year are adjusted for the effects of all diluted potential equity
shares.

2.14. Cash & Cash equivalence

Cash & cash equivalents in the cashflow statement comprises of cash at bank and
cash in hand, demand deposits with bank, short-term highly liquid investment with
original maturity of three months or less that are readily covertible into known amount
of cash & which are subject to insignificant risk of change in value.

2.15. Share issue expense

The Share issue expenses upon recognition shall be adjusted against the balance in
the security premium account as permitted under section 52 of Companies Act, 2013.
The Company had issued Intial public Offer vide ISIN CODE: INE0IJY01014 of 9,44,000
shares on SME platform of National stock exchange of India.The IPO offering has closed
on 10.01.2022 and allotemnt has been made on 11.01.2022. Payments made in respect of
IPO have been recognized as deferred expenditure in the financial satements, as per
income tax Act 1961.

2.16. Cashflow

Cash flows are reported using the indirect method, whereby profit before tax is
adjusted for the effects of transactions of non-cash nature, any deferrals or accruals
of past or future operating cash receipts or payments and item of income or expenses
associated with investing or financing cash flows. Cash flows from operating, investing
and financing activities of the Company are segregated, accordingly.

2.17. Segment Reporting

Based on the principles for determination of segments given in Accounting Standard
17 "Segment Reporting" issued by accounting standard notified by Companies
(Accounting Standard) Rules, 2006. The Company has identified its business segment
as "Goods Transportation Services". There are no other primary reportable segments.
The activities of the company are restricted to only one geographical segment i.e.
India, hence the secondary segment disclosures are also not applicable.