10) Provisions, Contingent Liabilities and Contingent Assets :

(a) A provision is recognized when the Company has a present obligation as a result of past event 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. Provisions are not discounted to their
present value and are determined based on best estimate required to settle the obligation at the Balance Sheet date. These are reviewed at
each Balance Sheet date and adjusted to reflect the current best estimates.

(b) Contingent Liabilities are not recognized but are disclosed in the notes on financial statements.

(c) Contingent Assets are neither recognized nor disclosed in the financial statements.

11) Cash and Cash Equivalent:

Cash and Cash equivalents comprise cash on hand, balance with banks on current accounts, and short term highly liquid investments with an
original maturity of three months or less and which carry an insignificant risk of changes in value. The Cash and Cash Equivalent balance also
included Other bank balance i.e. Deposits with original maturity of more than 12 months (Including accrued Interest).

12) Earnings per Share (EPS):

(a) Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period.

(b) For the purpose of calculating diluted earnings per share, the net profit or loss 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.

b) Preferential Allotment:

During the financial year 2019-20, The Company issued 28,280 fully paid-up Equity Shares of Rs.100 each at a premium of Rs 2,581.81 per share on Preferential Basis by way of

consideration other than cash to the shareholders of BHH Technologies Limited (Formely known as Bharat Head Hunters Private Limited) on 19th November, 2019.

c) Bonus Shares

During the year financial year 2019-20, The company has allotted 6,05,600 fully paid up shares of face value Rs. 100 each by way of Bonus Issue, approved by the shareholders at the
Extra-Ordinary general Meeting dated 14th December, 2019. The bonus shares were issued by capitalization of profits transferred from the General Reserve. The ratio of Bonus
Issue was 20:1 (Twenty bonus equity shares for every one equity share).

The bonus shares once allotted shall rank pari passu in all respects and carry the same rights as the existing equity shareholders and shall be entitled to participate in full, in any
dividend and other corporate action, recommended and declared after the new equity shares are allotted.

d) Split of share

During the financial year 2019-20, Company having 6,35,880 share of face value Rs. 100/- each, opted for spliting of shares into face value of Rs. 10/- each, which lead to the
increase in number of Equity shares from 6,35,880 to 63,58,800 but there was no increase in substantial value of Shareholder's fund .

e) Public issue of shares

During the financial year 2019-20, the Company came out with an Initial Public Offer in BSE SME Startup Platform turning it into a Listed Company and issued 42,40,000 fully paid up
shares of face value Rs. 10 each, to Public.

Terms of Repayment of Term and Other Loans

*Term Loan (against car) from Karnataka Bank taken by the Company are to be repaid by payment of Equated Monthly Instalments beginning from the month subsequent to taking
of the respective loans. This loan is due for full repayment in October 2025.

Unsecured loan from Bajaj Finance Limited are taken by the Company for business purpose was to be repaid by payment of Equated Monthly Instalments at a rate of interest of
17.50% p.a. and is fully repaid in October 2023.

Unsecured loan from IIFL are taken by the Company for business purpose was to be repaid by payment of Equated Monthly Instalments at a rate of interest of 17.00% p.a. and is due
for full repaid in December 2026.

Unsecured loan from Tata Capital are taken by the Company for business purpose was to be repaid by payment of Equated Monthly Instalments at a rate of interest of 17.00% p.a.
and is due for full repaid in December 2026.

Unsecured loan from ICICI Bank are taken by the Company for business purpose was to be repaid by payment of Equated Monthly Instalments at a rate of interest of 16.75% p.a. and
is due for full repaid in October 2026.

Unsecured loans from related parties are taken without any stipulation for repayment and are stated by the management to be in nature of long term borrowings. Such loans are
interest free.

**Term loan from Karnataka Bank are taken by the Company for working capital purpose to be repaid by payment of Equated Monthly Instalments at a rate of interest of 9.25% p.a.

NOTE: 23

Contingent liability not provided for in the books of account in respect of: NIL

NOTE: 24

The balance as shown in the accounts with respect to Trade Receivables, Long term borrowings, Short term loans and advances and Other
Current Liabilities are subject to confirmation and reconciliation and consequential adjustments, wherever applicable.

However, in the opinion of the Management, the realizable value of the current assets in the ordinary course of business will not be less than
the value at which they are stated in the Balance sheet.

NOTE: 25

a) Business Segment

The Company is engaged in the business of providing manpower services and there is no separate reportable segment.

b) Geographical Segment

The Company does not have any overseas branch and operations are entirely domestic.

c) Since there is neither more than one business segments nor more than one geographical segment, as such disclosure on segment reporting
as per Accounting Standard (AS) 17-Segment Reporting" is not applicable.

NOTE: 26

Provisions for liabilities in respect of gratuity benefits are not made. However, it will be recognized as an expense in the statement of profit
and loss account on actual basis during the period in which the eligible employee leaves the service of the company and settlements of his
dues are made based on actual calculation.

The Company is in process of making compliance under "Accounting standard -15 Employee benefit" under the companies (Accounting
Standards) Rules 2006.

**Decrease in revenue causes decrease in the trade receivable turnover ratio.

***Decrease in revenue causes decrease in the trade payable turnover ratio.

****Decrease in revenue causes decrease in the net capital turnover ratio.

NOTE: 31

Previous year's figures have been reclassified, wherever necessary, to conform to the current year's classification.

As per our report of even date attached

For and on behalf of the Board of Directors

For Luharuka & Co. Tranway Technologies Limited

Chartered Accountants

FRN: 328700E KALAVATHY BYLAPPA

Managing Director BHARAT

DIN. 03550060 Whole Time Director

DIN.03542954

CA Monoranjan Chowdhury

Partner PREETI SANDEEP BYSE

Membership. No. 054225 Chief Financial Officer ANITHA R

UDIN:- Place: Bengaluru Company Secretary

Place: Kolkata Date : CSN:60826