r Provision, Contingent liabilities and Contingent Assets

The company creates a provision when there is a present obligation as a result of past event that probably ensures an
outflow of resources and a reliable estimate can be made of the amount of the obligation.

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 non-occurrence of one or more uncertain future events not wholly
within the control of the company and/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 contingent liability.

s Lease

The Company as a lessee: The Company’s lease asset classes primarily consist of property leases. The lease
liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments
are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental
borrowing rates in the country of domicile of these leases. Lease liabilities are re-measured with a corresponding
adjustment to the related right of use asset if the Company changes its assessment if whether it will exercise an

At the date of commencement of the lease, the Company recognizes a right-of-use asset (ROU) and a corresponding
lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less
(shortterm leases) and low value eases. For these shortterm and low value leases, the Company recognizes the lease
payments as an operating expense on a straight-line basis over the term of the lease.

32. Fair Value Measurement_

1. The carrying amounts of trade payables, other financial liabilities (current), other financial assets (current), borrowings (current), trade receivables,
cash and cash equivalents and other bank balances have not been revalued due to their Short term nature and calculated on Closing Value.

2. Borrowings (non-current) consists of loans from banks and other parties consists of interest accrued but not due.

Fair value of instruments is classified in various fair value hierarchies based on the following three levels :

Level 1 : Level 1 hierarchy includes financial instruments measured using quoted prices.

Level 2 : The fair value of financial instruments that are not traded in an active market is determined using valuation techniques, which maximise the
use of observable market data and rely as little as possible on entity specific estimates. If significant inputs required to fair value an instruments are
observable, the instrument is included in Level 2.

Level 3 : If one or more of the significant inputs are not based on observable market data, the instruments is included in Level 3.

The Provisions of Corporate Social Responsibility are not applicable to the Company in terms of Section 135(1) of the Compaies Act, 2013

^^.^TransferofTilessegmentbusinessJin^ersuanceofBusinessTransferAgreemen^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

The Company had entered into Business Transfer Agreement ("BTA") on 2nd December, 2024 for transfer of Tiles segment business of the Company on
slump sale basis. As per terms of the BTA, "the profits (or losses) accruing or arising to the Company on and any time after the appointed date upto the
closing date shall, for all purposes, be treated and be deemed to be and accrue as the profits (or losses) of the Buyer". Accordingly, the Company has
recognized Rs 13.43 lacs equivalent to the profit of the Tile segment business from the appointed date till 31st March, 2025. Further, the slump sale
premium of Rs. 97.49 Lacs as per the BTA has been recognized as other income.

35. Income Tax assessment has been completed up to assessment year 2023-24. Goods and Service Tax assessment has been completed up to the
financial year 2020-21.

36. In the opinion of the management, all the Current Assets, Loan and Advances have a value at which they are stated in the Balance Sheet, if realized
in the ordinary course of the business and the provision for all known liabilities are adequate and are not in excess of the amount payable.

37. The amount of Sundry Debtors, Creditors and Advances from/to Parties outstanding as on 31st March 2025 have been shown in the Balance Sheet
at Net Realizable Value.

38. Internal Financial Controls and Internal Audit_

The Board of Directors of the Company is responsible for establishing and maintaining internal financial controls based on the internal control over
financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of
Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include
the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient
conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the
accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act,
2013.

(vi) No proceedings have been inititiated or pending against the Company for holding any benami Property under the Benami Transactions (Prohibition)
Act, 1988 and the rules made thereunder.

(vii) Quarterly returns or statements of Current assets filed by the Company with Bank of Baroda, Defence Colony, New Delhi are in agreement with the
Books of Accounts.

(viii) The company has not been declared wilful defaulter by any bank or Financial institution or other lender.

(ix) The company has not made any transaction with any company whose name is struck off under section 248 of the Companies Act, 2013 or Section
560 of Companies Act, 1956.

(x) No charge or satisfaction is pending to be registered with ROC beyond the statutory period.

(xi) There is no subsidiary of the Company. Therefore, provisions of Section 2(87) read with Companies (Restriction on number of Layers) Rules, 2017
are not applicable.

(xii) The company has not entered into any scheme of arrangements during the year.

(xiii) Ratios:

The ratios for the years ended March 31, 2025 and March 31, 2024 are as follows :

Explanation of Ratios wherein change of more than 25% as compared to Previous year:

Current Ratio (Current Assets/ Current Liabilities)

The Company has raised funds from issuance of Preferential equity to make repayment of unsecured loans and other financial obligations. Management
is expecting that it will increase the revenue in the long run and it will be beneficial for the Company.

Debt-Equity Ratio (Long term debt/ Shareholder’s Equity)

The Company has raised funds from issuance of Preferential equity to make repayment of unsecured loans and other financial obligations. Management
is expecting that it will increase the revenue in the long run and it will be beneficial for the Company.

Debt Service Coverage Ratio (Earnings for Debt Service/ Debt Service)

The Company has raised funds from issuance of Preferential equity to make repayment of unsecured loans and other financial obligations. Management
is expecting that it will increase the revenue in the long run and it will be beneficial for the Company.

Trade Receivables Turnover Ratio (Revenue/ Trade receivables)

During the FY 2024-25 turnover of the Company has increased as compaired to FY 2023-24, however company has achived more turnover during the
fourth QTR of the FY 2024-25 as compaired to previous three QTR's of the FY 2024-25, reason being most of the receivable were outstanding as on 31st
March, 2025 but not due for the realisation, thats why trade receivable turnover ratio has been decreased.

(xiv) The Company has neither traded nor invested in Crypto or Virtual Currency during the financial year.

(xv) Utilization of Borrowed funds and Share premium:

i) The company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with
the understanding that the intermediary shall

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

b) provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

ii) The company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding party) with the understanding (whether
recorded in writing or otherwise) that the Company shall

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

b) provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

41. Previous year figures have been re-arranged/re-grouped wherever necessary.

42. The Company is required to designate Managing Director, CFO and CS as Key Managerial Personnal of the Company. Mr. Saket Dalmia, Managing
Director and Mr. Davender Kumar, Company Secretary are Key Managerial Personnal of the Company. The Company is trying, at its best, to appoint
C.F.O.

43. In the opinion of directors, current assets and loans and advances have a value on realization in the ordinary course of the business at least equal to
the amount at which these have been stated in the Balance Sheet.

44. Borrowings from Banks and Financial Institutions:

Company has used the Borrowings from Banks or financial institutions for the specific purpose for which it was taken at the Balance Sheet date.

45. Undisclosed Income:

The Company does not have any transactions not recorded in the books of accounts that has been surrendered or disclosed as income during the year in
the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961). Also,
there are nil previously unrecorded income and related assets.

46. Managerial Remuneration:

The company has paid/provided for the managerial remuneration in accordance with the requisite approvals mandated by the provisions of section 197
read with Schedule V of the Act.

47. Notes No’s 1 to 46 form an integral part of Balance Sheet and Statement of Profit and Loss Account.

As per our report of even date As approved

For Vishal G Goel & Co. For and on behalf of the Board of Directors

Chartered Accountants

Sd/- Sd/-

^Sd/- Saket Dalmia Amit Dalmia

CA Vishal Goel (Managing Director) (Director)

(Proprietor) DIN: 00083636 DIN:00083646

Membership No.-094685

Firm Regn. No.- 0020330N Sd/-

Place: New Delhi Davender Kumar

Date: 30th May, 2025 Company Secretary

UDIN: 25094685BMNRXS1361 ACS-30043