Provisions involving substantial degree of estimation in measurement are recognized when there is a
present obligation as a result of past events and it is probable that there will be an outflow of resources.
Contingent liabilities are not recognized but are disclosed in the Notes to the Financial Statements.
Contingent assets are neither recognized nor disclosed in the Financial Statements.

36 Transactions with Strike Off Companies:

The Company did not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the

37 Other Statutory Information :

(i) The company do not have any Benami property, where any proceeding has been initiated or pending against the company for holding
any Benami property.

(ii) The Company do not have any transactions with struck off companies under Section 248 of the Companies Act, 2013 or Section 560 of
Companies Act, 1956.

(iii) The company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) The Company has not advanced or loaned or invested funds (other than disclosed in Financials) to any other person or entity,
including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(vi) The Company has not received (other than disclosed in Financials) any fund from any person or entity, including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) 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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(vii) The Company has not any such transaction which is 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 (such as, search or survey or any other relevant provisions
of the Income Tax Act, 1961.

(viii) The Company has not been declared a wilful defaulter by any bank or financial institution or other lender (as defined under the
Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

38 Previous Year Figures :

Previous year figures have been regrouped to comply with current year groupings.

The accompanying notes are an integral part of the financial statements.

As per our report of even date

For D G M S & Co. For and on behalf of the Board of Directors of

Chartered Accountants CWD Limited

FRN: 112187W (Formerly known as CWD Innovation Limited)

SD/- SD/- SD/-

CA. Hiren J. Maru Tejas R. Kothari Siddhartha Xavier

Partner Jt. Managing Director & CFO Jt. Managing Director & CTO

Membership No. 115279 DIN: 01308288 DIN: 03166884

UDIN:25115279BMIQCP5314

Place: Mumbai Place: Mumbai Place: Mumbai

Date: 30th May 2025 Date: 30th May 2025 Date: 30th May 2025

SD/-

Pratima Bajaj

Company Secretary & Compliance Officer

Place: Mumbai
Date: 30th May 2025