1.12Provlslon$, Contingent liabilities and contingent assets

a) Provisions

Provisions are recognized only when there is a present obligation as a result of past events and it is probable that an
outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made

b) Contingent liability

It is disclosed for:

a. Possible obligations which will be confirmed only by future events not wholly within the control of the company.or

b. Present obligations arising from past events where it is not probable that an outflow of resources will be required
to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

c) Contingent Assets

A contingent asset is a possible asset that arises from past events and whose existence 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. Contingent assets are notognised and disclosed only when an in t low of economic benefits Is probable.

1.13Foreign currency transactions and translations

Transactions in foreign currencies entered into by the Company are accounted for at the exchange rate prevailing at
the date of transaction, Foreign currency monetary assets and liabilities remaining unsettled at the end of the year
are translated at the exchange rate prevailing at the end of the year All differences arising on
settlement/restatement are adjusted in the statement of profit and loss.

23 Segmentreporting

Operating segments are defined as components of an enterprise for which discrete financial information is
available that is evaluated regularly by the chief operating decision maker (CODM), in deciding how to allocate
resoufcesandassessingperformanceTheCompany'schlefoperatlngdeclsIonmakeristhemariagingdirector and the
company has only one reportable business segment.

24 Employeebenefitplans

The Company makes contributions towards provident fund, a defined contribution retirement benefit plan for
qualifying employees. The provident fund Is operated hy the Regional Provident Fund Commissioner. TheCompany
recognized Rs. 1.46 lakhs (Previous Year Rs. 1.56 lakhs) for provident fund contributions in theStatement ofProfit
and Loss. The contributions payable to these plansby thecornpany areat ratesspecifiedin the rules of the scheme.

Fair value hierarchy

Financial assets and financial liabilities measured at fair value In the statement of financial position are grouped
into three levels of a fair value hierarchy The three levels are defined based on the observability of significant
inputs to the measurement, as follows:

Lovell:Quoted prices (unadjusted) inactive markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined usmgvaluation
techniques which maximise the use of observable market data relyas little as possible one ntity specific estimates.

Level 3: if one or more of the significant Inputs is not based on observable market data, the instrument is included
in level 3.

79Capit.il management

The company's objectives when managing capita! is to safeguard continuity, maintain a strong credit rating and
healthy capital ratios in order to support its business and provide adequate return to shareholders through
continuing growth and maximise the shareholder's value. The company's overall strategy remains unchanged from
previous year. The following table summaries the capital of the company

BO Contingent liabilities and capital commitment

For F.Y 2011-12 and 2010-11, Direct Tax Authorities (Tax Deducted at Source Department} has raised the demandof
Rs. 680 and Rs. 200 respectively, though we have not yet decided whether appeal to be filed or not

31Micro small & medium enterprises

Information required to be furnished as per section 22 of the micro, small and medium enterprises development
act. 2006 (MSME Act) and Schedule II of the Companies Act, 2013 for the year ended March 31, 2024 This
information has been determined to the extent such parties have been indentified on the basis of information
available with the company and relied upon by auditors

for lorn & Golechha for and onbehalf of board of director)

Chartered Accountant) Uojha formulation) United

FRN:MM37W

Vadt H. Gotechha Krutiben M. Patel Uha M. Patel Gaopat Prajapati M*ar P. Hay

Partner Managiiy Director txecutire (Xrector CIO Company Secretary

M.no:607597 0IN:01B6W27 DIN: 101002 J6 ACSNO.S7520

UDiN.2S607S97BMNQ2E3141

Oato.16.05.2025 0ate:16M.M25

Place-AHmedabed ptacc:Siddhpur