19. PROVISION, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

The Company creates a provision when there is present obligation as a result of a past event that
probably requires an outflow of resources and a reliable estimate can be made of the amount of
the obligation. A disclosure for a contingent liability is made when there is a possible obligation or
a present obligation that may, but probably will not, require an outflow of resources. When there
is a possible obligation or a present obligation in respect of which the likelihood of outflow of
resources is remote, no provision or disclosure is made.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate.
If it is no longer probable that an outflow of resources would be required to settle the obligation,
the provision is reversed.

Contingent assets are not recognized in the financial statements. However, contingent assets are
assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the
asset and related income are recognized in the period in which the change occurs.

Loss contingencies arising from claims, litigation, assessment, fines, penalties, etc. are recorded
when it is probable that a liability has been incurred and the amount can be reasonably estimated.

1. Disclosure under Micro, Small and Medium Enterprises Development Act, 2006 (MSMED
ACT, 2006)

In accordance with the Notification No GST 719 dated 16th November 2007, issued by the Ministry
of Corporate Affairs, certain disclosures are required to be made relating to Micro, Small &
Medium Enterprises as defined under the said Act. Based on the information/ documents
available with the Company, disclosures required are as under:

9. Charge: During the year no charge has been created by the company & as per MCA site No Charges
Exists for Company.

10. Balance of trade receivables, payables and loans and advances are subject to reconciliation and
confirmation from the parties. These balances are therefore, subject to adjustments, if any, as may
be required on settlement of these balances with the parties.

11. During the financial year the Company has not traded or invested in Crypto Currency or Virtual
Currency.

12. The Company is a not a declared willful defaulter by any bank or financial Institution or other
lender.

13. No Benami Property is held by the Company and that 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.

14. The company has not entered into any transactions with the companies struck off under section
248 of Companies Act, 2013 or section 560 of Companies Act, 1956.

15. No Scheme of Arrangement has been undertaken by the Company during the financial year in
terms of sections 230 to 237 of the Companies Act, 2013.

16. There are no 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.

17. The company has complied with the provisions for number of layers prescribed under clause (87)
of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017

19.Previous year's figures have been rearranged and regrouped wherever considered necessary.

The accompanying notes are an integral part of the financial statements
As per our report of even date

For SDG & CO For and on behalf of the Board

Chartered Accountants

Firm Registration No.: 137864W

Sd/- Sd/-

(Manoj Agarwal) (Utkarsh Agarwal)

Managing Director Director & CFO

DIN: 00159601 DIN: 08021945

Sd/-

Varish Sunil Shah
Partner

Membership No.: 611014 Sd/-

UDIN: 25611014BNUIKC7471 (Ankit Devendra Pandit)

Place: Mumbai Company Secretary

Date: 30.05.2025