1.12 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Provisions are recognized in respect of obligation where, based on the evidence available, their
existence at the Balance Sheet date is considered probable.

Contingent liabilities are shown by way of notes to the Accounts in respect of obligations
where, based on the evidence available, their existence at the Balance Sheet date is considered
not probable.

Re-imbursement expected in respect of expenditure to settle a provision is recognized only
when it is virtually certain that the re-imbursement will be received.

Contingent Assets are not recognized in Accounts.

1.13 EARNINGS PER SHARE:

Basic earnings per share is computed by dividing the profit/ (loss) after tax (including the post¬
tax effect of extra ordinary items, if any) by the weighted average number of equity shares
outstanding during the year.

Diluted earnings per share is computed by dividing the profit/ (loss) after tax (including the
post-tax effect of any extra ordinary items, if any) by the weighted average number of equity
shares considered for deriving basic earnings per share and also the weighted average number
of equity shares which could be issued on the conversion of all dilutive potential equity shares.

1.14 CASH FLOW STATEMENT:

Cash flows are reported using indirect method, whereby profit before tax is adjusted for the
effects of transactions of a 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 flows.

The cash flows from operating, investing and financing activities of the Company are
segregated.

1.16 As per section 135 of Companies Act 2013, the Company does not fall under the purview of
CSR, as the company doesn't have a net worth of Rs 500 crores or more, or turnover of Rs 1000
crores or more or a net profit of Rs 5 crores or more.

1.17 As required to be disclosed under the Micro, Small and Medium Enterprises Development Act,
2006 and to the extent such parties are identified on the basis of information available with the
Company, there are no Micro Enterprises or Small Scale Enterprises to whom the Company
owes any due which are outstanding as at 31st March, 2024.

1.18 Based on the guiding principles given in the " Accounting Standard 17" on Segmental Reporting
issued by the Institute of Chartered Accountants of India, the Company is a single segment
Company therefore Segment Reporting is not applicable.

1.19 Additional Regulatory Information

a. No proceedings have been initiated or pending against the Company for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made
thereunder.

b. The Company has not undertaken any transactions with companies struck off under Section
248 of the Companies Act, 2013 during the current year or in previous year.

c. The Company has not created any charge on its assets and hence disclosure of registration
or satisfaction of charges with Registrar of Companies (ROC) is not applicable.

d. There were no transactions which have not been recorded in the books of account, but have
been surrendered or disclosed as income in the tax assessments under the Income Tax Act,
1061 (43 of 1961) during the year.

e. The Company has not traded or invested in crypto currency or Virtual Digital Currency during
the financial year.

f. Utilisation of Borrowed funds and Share Premium

i. The Company has not advanced or loaned to or invested funds in any other persons
or entities, including foreign entities (intermediaries) with the understanding.
whether recorded in writing or otherwise, that the intermediary shall 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 provide any
guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

ii. The Company has not received any fund from any persons or entities, including

foreign entities (Funding Party) with the understanding whether recorded in writing
or otherwise, that the Company shall 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 provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries.

1.20 Previous year's figures have been regrouped/reclassified wherever necessary to correspond
with the current year's classification/disclosures.

IN TERMS OF OUR ATTACHED REPORT OF EVEN DATE.

For, H. R. Agarwal & Associates FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

Chartered Accountants
Firm Regn. No: 323029E

Sd/-

(RAJAT SIROHIA)

WHOLE TIME DIRETOR
DIN - 00244597

Sd/-

CA Shyam Sundar Agarwal Sd/-

Partner (RAKESH SIROHIA)

Membership No.:- 060033 MANAGING DIRECTOR

UDIN: 24060033BKDKGH5345 DIN - 00228967

Place: Kolkata Sd/-

Date: 29.05.2024 (JITENDRA SIROHIA)

DIRECTOR
DIN - 00244740

Sd/-

(RINA SHARMA)

COMPANY SECRETARY