(K) Provisions and Contingencies
Provisions:

Provisions are recognised when there is a present obligation (legal or constructive) as a result
of a past event, it is probable that an outflow of resources embodying economic benefits will
be required to settle the obligation and there is a reliable estimate of the amount of the
obligation. Provisions are measured at the best estimate of the expenditure required to settle
the present obligation at the Balance sheet date and are discounted to its present value as
appropriate.

Contingent Liabilities:

Contingent liabilities are disclosed when there is a possible obligation arising from past
events, the existence of which will be confirmed only by the occurrence or nonoccurrence of
one or more uncertain future events not wholly within the control of the company or a
present obligation that arises from past events where it is either not probable that an
outflow of resources will be required to settle or a reliable estimate of the amount cannot be
made, is termed as a contingent liability.

(L) Revenue recognition

Revenue is measured at fair value of the consideration received or receivable. Revenue is
recognized when (or as) the Company satisfies a performance obligation by transferring a
promised good or service (i.e. an asset) to a customer. An asset is transferred when (or as) the

customer obtains control of that asset.

When (or as) a performance obligation is satisfied, the Company recognizes as revenue the
amount of the transaction price (excluding estimates of variable consideration) that is allocated
to that performance obligation.

The Company applies the five-step approach for recognition of revenue:

i. Identification of contract(s) with customers;

ii. Identification of the separate performance obligations in the contract;

iii. Determination of transaction price;

iv. Allocation of transaction price to the separate performance obligations; and

v. Recognition of revenue when (or as) each performance obligation is satisfied.

(M) Other income:

Interest: Interest income is calculated on effective interest rate, but recognised on a time
proportion basis taking into account the amount outstanding and the rate applicable.

Dividend: Dividend income is recognised when the right to receive dividend is established.

(N) Finance Cost

Borrowing costs that are directly attributable to the acquisition or construction of qualifying
assets are capitalised as part of the cost of such assets. A qualifying asset is one that
necessarily takes substantial period of time to get ready for its intended use. based on
borrowings incurred specifically for financing the asset or the weighted average rate of all
other borrowings, if no specific borrowings have been incurred for the asset.

Interest income earned on the temporary investment of specific borrowings pending their
expenditure on qualifying assets is deducted from the borrowing costs eligible for
capitalisation.

Borrowing costs include exchange differences arising from foreign currency borrowings to the
extent they are regarded as an adjustment to the interest cost.

All other borrowing costs are charged to the Statement of Profit and Loss for the period for
which they are incurred.

(O) Earnings per share (EPS):

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

For the purpose of calculating diluted EPS, the net profit or loss for the period attributable to
equity shareholders and the weighted average number of additional equity shares that would
have been outstanding are considered assuming the conversion of all dilutive potential equity
shares. Earnings considered in ascertaining the EPS is the net profit for the period and any
attributable tax thereto for the period.

(P) Employee benefits

i. Provident Fund

Retirement benefit in the form of Provident Fund is a defined contribution scheme. The Company
has no obligation, other than the contribution payable to the provident fund. The Company
recognises contribution payable to the provident fund scheme as an expense when an employee
renders the related service.

ii. Gratuity

The Company provides for gratuity, a defined benefit plan (the "Gratuity Plan") covering eligible
employees in accordance with the Payment of Gratuity Act, 1972 as amended. The Gratuity Plan
provides a lump sum payment to vested employees at the time of separation, retirement, death,
incapacitation or termination of employment, of an amount based on the respective employee's
salary and the tenure of employment. For defined benefit retirement benefit plans, the cost of
providing benefits is determined using the projected unit credit method, with actuarial valuations
being carried out at the end of each annual reporting period by an independent Actuary.
Remeasurement, comprising actuarial gains and losses, the effect of the changes to the asset
ceiling (if applicable) and the return on plan assets (excluding net interest)(if applicable), is
reflected immediately in the balance sheet with a charge or credit recognised in other
comprehensive income in the period in which they occur. Remeasurement recognised in other
comprehensive income is reflected immediately in retained earnings and is not reclassified to
profit or loss. Past service cost is recognised in the Statement of profit or loss in the period of a
plan amendment. Net interest is calculated by applying the discount rate to the net defined
benefit liability or asset.

Defined benefit costs are categorised as follows:

a. Service cost (including current service cost, past service cost, as well as gains and losses on
curtailments and settlements);

b. Net interest expense or income; and

c. Remeasurements - The Company presents the service costs in profit or loss in the line item
'Employee benefits expense'. Curtailment gains and losses are accounted for as past service costs.
The retirement benefit obligation recognised in the balance sheet represents the actual deficit or
surplus in the Company's defined benefit plans. Any surplus resulting from this calculation is
limited to the present value of any economic benefits available in the form of refunds from the
plans or reductions in future contributions to the plans.

A liability for a termination benefit is recognised at the earlier of when the Company can no longer
withdraw the offer of the termination benefit and when the Company recognises any related
restructuring costs.

iii. Long Term Employee Benefits:

The Company accounts for its liability towards compensated absences based on actuarial valuation
done as at the Balance Sheet date by an independent actuary using the Projected Unit Credit
Method. The liability includes the long-term component accounted on a discounted basis and the
short-term component which is accounted for on an undiscounted basis.

iv. Short-term and other long-term employee benefits:

A liability is recognised for benefits accruing to employees in respect of wages and salaries in the
period the related service is rendered at the undiscounted amount of the benefits expected to be
paid in exchange for that service.

Liabilities recognised in respect of short-term employee benefits are measured at the
undiscounted amount of the benefits expected to be paid in exchange for the related service.
Liabilities in respect of other long-term employee benefits are measured at the present value of
the estimated future cash outflows expected to be made by the Company in respect of services
provided by employees upto the reporting date.

(Q) Fair Value Measurement:

The Company measures financial instruments such as investments in quoted share, certain other
investments etc. at fair value at each Balance Sheet date.

Fair value is the price that would be received to sell an asset or paid to transfer a liability at the
measurement date. All assets and liabilities for which fair value is measured or disclosed in the
financial statements are categorized within the fair value hierarchy, described as follows, based on
the lowest level input that is significant to the fair value measurement as a whole.

Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value
measurement is directly or indirectly observable.

Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value
measurement is unobservable.

(R) Financial Instruments:

A financial instrument is any contract that gives rise to a financial asset of one entity and a
financial liability or equity instrument of another entity.

Financial assets:

Initial recognition

Financial assets are recognised when the Company becomes a party to the contractual
provisions of the instruments. Financial assets other than trade receivables and other specific
assets are initially recognised at fair value plus transaction costs for all financial assets not
carried at fair value through profit or loss. Financial assets carried at fair value through profit

or loss are initially recognised at fair value, and transaction costs are expensed in the
Statement of Profit and Loss.

Subsequent measurement

Financial assets, other than equity instruments, are subsequently measured at amortised
cost, fair value through other comprehensive income or fair value through profit or loss on
the basis of both:

i. The entity's business model for managing the financial assets and

ii. The contractual cash flow characteristics of the financial asset.

De-recognition

The Company derecognizes a financial asset when the contractual rights to the cash flows
from the financial asset expire, or it transfers rights to receive cash flows from an asset, it
evaluates if and to what extent it has retained the risks and rewards of ownership. When it
has neither transferred nor retained substantially all of the risks and rewards of the asset,
nor transferred control of the asset, the Company continues to recognise the transferred
asset to the extent of the Company's continuing involvement. In that case, the Company also
recognises an associated liability. The transferred asset and the associated liability are
measured on a basis that reflects the rights and obligations that the Company has retained.

Financial Liabilities:

Initial Recognition and Subsequent Measurement

All financial liabilities are recognised initially at fair value and in case of borrowings and
payables, net of directly attributable cost. Financial liabilities are subsequently carried at
amortized cost using the effective interest method. For trade and other payables maturing
within one year from the Balance Sheet date, the carrying amounts approximate fair value
due to the short maturity of these instruments. Changes in the amortised value of liability are
recorded as finance cost.

De-recognition

A financial liability is de-recognised when the obligation under the liability is discharged or
cancelled or expires. When an existing financial liability is replaced by another from the same
lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original
liability and the recognition of a new liability. The difference in the respective carrying
amounts is recognised in the statement of profit or loss.

1.3 Recent Pronouncements:

Ministry of Corporate Affairs("MCA") notifies new standards or amendment to the existing
standards under Companies (Indian Accounting Standards) Rules as issued from time to
time.

For the year ended 31 March 2025, MCA has not notified any new standards or amendments
to the existing standards applicable to the Company.

ISSl V0\

The previous year's figures have been reworked, regrouped, and reclassified wherever
necessary. Amounts and other disclosures for the preceding year are included as an integral part
of the current annual financial statements and are to be read in relation to the amounts and
other disclosures relating to the current financial year.

33. Credit and Debit balances of unsecured loans, sundry creditors, sundry Debtors, loans and
Advances are subject to confirmation and therefore the effect of the same on profit could not be
ascertained.

34. The Company has not revalued its Property, Plant and Equipment for the current year.

35. There has been Capital work in progress carried forward from the previous year and there is no
additional capital work in progress for the current year of the company.

36. There is no Intangible assets under development in the current year.

37. The Company does not have any charges or satisfaction which is yet to be registered with ROC
beyond the statutory period.

38. Quarterly returns or statements of current assets filed by the Company with banks or financial
institutions are in agreement with the books of accounts.

39. The Company has not traded or invested in Crypto currency or Virtual Currency during the
financial year.

40. No proceeding has been initiated or pending against the Company for holding any Benami
property under the Benami Transactions (Prohibition) Act, 1988, as amended, and rules made
thereunder.

41. The company has not been declared as willful defaulter by any bank or financial institution or
government or government authority.

42. The Company has not advanced or loaned to or invested in funds to any other person(s) or
entity(is), including foreign entities (Intermediaries) with the understanding that the
Intermediary shall:

a. directly or indirectly lend to or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

b. provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries

43. The Company has not received any fund from any person(s) or entity(is), including foreign
entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that
the Company shall

a. directly or indirectly lend to or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries)or

b. provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

44. The company does not have transaction with the struck off under section 248 of companies act,
2013 or section 560 of Companies act 1956.

45. The company is in compliance with the number of layers prescribed under clause (87) of section
2 of company's act read with companies (restriction on number of layers) Rules, 2017.

46. Related Parties Disclosure: -

The Disclosures of Transaction with the related parties as defined in the related parties as
defined in the Accounting Standard are given below:

48.Notes forming part of accounts in relation to Micro and small enterprise

1. Based on information available with the company, on the status of the suppliers being Micro or
small enterprises, on which the auditors have relied, the disclosure requirements of Schedule III to
the Companies Act,2013 with regard to the payments made/due to Micro and small Enterprises are
given below:

The company has initiated the process of obtaining the confirmation from suppliers who have
registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006
(MSMED Act, 2006) but has not received the same in totality. The above information is compiled
based on the extent of responses received by the company from its suppliers.

49. Title deeds of immovable Property

Tittle deeds of immovable property has not been held in the name of promoter, director, or
relative of promoter/ director or employee of promoters / director of the company, hence same
are held in the name of the company.

50. Loans or Advances in the nature of loans to promoters, directors, KMPs and the related
parties:-

No Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the
related parties (as defined under Companies Act, 2013,) either severally or jointly with any other
person.

51. Compliance with approved Scheme(s) of Arrangements

The Company does not have made any arrangements in terms of section 230 to 237 of
companies act 2013, and hence there is no deviation to be disclosed.

52. Utilization of Borrowed funds and share premium:-

As on March 31, 2025 there is no unutilized amount in respect of any issue of securities and long
term borrowings from bank and financial institutions. The borrowed funds have been utilized for
the specific purpose for which the funds were raised.