12) Provision and Contingent Liabilities

Provisions for Contingencies / Contingent liabilities are recognized / disclosed after
evaluation of facts and legal aspects of the matter involved, in line with IND AS 37
on Provisions, Contingent Liabilities and Contingent Assets. Provisions are
recognized when the Company has a present obligation (legal/constructive) and on
management judgment as a result of a past event, for which it is probable that a cash
outflow will be required, and a reliable estimate can be made of the amount of the
obligation. As the timing of outflow of resources is uncertain, being dependent upon
the outcome of the future proceedings, these provisions are not discounted to their
present value.

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
likelihood of outflow of resources is remote, no provision or disclosure is made.

Contingent assets are not recognized in financial statements since this may result in
the recognition of income that may never be accrued / realized.

13) Impairment

(I) Financial Assets (Other than at fair value)

The Company assesses on each date of the Balance sheet whether a financial asset or
a group of financial assets is impaired. IND AS 109 requires expected credit losses to
be measured through a loss allowance. The Company recognizes lifetime expected
losses for all contract assets and / or all trade receivables that do not constitute a
financing transaction. For all other financial assets, expected credit losses are
measured at an amount equal to the 12 month expected credit losses or at an amount
equal to the lifetime expected credit losses if the credit risk on the financial asset has
increased significantly since initial recognition.

(II) Non-Financial Assets
Tangible and Intangible Assets

Property, plant and equipment and intangible assets with finite life are evaluated for
recoverability whenever there is any indication that their carrying amounts may not
be recoverable. If any such indication exists, the recoverable amount (i.e. higher of
the fair value less cost to sell and value-in-use) is determined on an individual asset
basis unless the asset does not generate cash flows that are largely independent of
those from other assets. In such cases, the recoverable amount is determined for the
cash generating unit (CGU) to which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its
carrying amount, the carrying amount of the asset (or CGU) is reduced to its
recoverable amount. An impairment loss is recognized in the statement of profit and
loss.

14) Earning Per Share

Basic earnings per share is computed by dividing the net profit for the period
attributable to the equity shareholders by the weighted average number of equities
shares outstanding during the period. For the purpose of calculation diluted
earnings per share, the net profit for the period attributable to equity shareholders
and the weighted average number of shares outstanding during the period are
adjusted for the effects of all dilutive potential equity shares, if any.

Note: 38 As per Information given,the company does not have relationship with any company which have been
struck-off from the register of Registar of Companies (ROC).

Note: 39 The company has not traded or Invested in Crypto Currency or Virtual Currency during the financial
year.

Note: 40 The company has complied with requirements of number of layers prescribed under clauses (87) of
section 2 of the Act read with Companies(Resctrictions on No of layers) Rule,2017.

Note: 41 The balances of Creditors and Debtors appearing in the balance sheet are subject to balance
confirmation/reconciliation at the year end.The management is in the process of obtaining the respective
confirmations in due course.However,It is informed that the reconciliation is not expected to result in any
material adjustment in stated balances.

Note: 42 Figures of the previous year have been regrouped/rearrenged wherever necessary to conform to the
current year's presentations.