2.10 Provisions

A provision is recognized when the Company has 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. Provisions are not discounted to their present value and are determined based on the 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.

2.11 GST input credit

GST input credit is accounted for in the books in the period in which the underlying service received is accounted and when there is no uncertainty in availing / utilizing the
credits.

2.12 IPO Expense

IPO expenses are debited to the Security Premium account under reserve and surplus.

2.13 Property, Plant & Equipment and Intangible Assets

Property, Plant & Equipment and Intangible Assets are stated at their original cost and include all expenses relating to their acquisition and installation.

2.14 Depreciation Amortization

• Depreciation on Property, Plant & Equipment and Intangible Assets has been provided on written down value method in terms of life span of assets as specified in Schedule II of
the Companies Act, 2013. In Schedule II of Companies Act 2013 no useful life particularly for Drones is mentioned, thus, the company has considered the useful life of Drones
under Plant and Machinery of five (5) years.

• Depreciation on lease hold improvement is amortised on period of lease including the first extendable lease period.

2.15 Impairment/Discarding of Assets

The company periodically assesses using internal sources (keeping in view the nature of assets at present) whether there is an indication that an asset may be impaired. The
difference between the book value and recoverable value of relevant assets being Impairment loss, when crystallizes, is charged against revenue of the year.

2.16 Foreign Currency Transactions

Foreign exchange transactions during the year are recorded at the exchange rate prevailing on the date of the transaction. Gains or losses arising out of fluctuations in exchange
rate between transaction date and settlement date are recognized in the Statement of Profit and Loss.

2.17 Current and non-current classification

All assets and liabilities are classified into current and non-current.

Assets

An asset is classified as current when it satisfies any of the following criteria :-

It is expected to be realized in, or is intended for sale or consumption in, the company's normal operating cycle,

It is held for the purpose of being traded,

It is expected to be realized within 12 months after the reporting date, or

It is cash or cash equivalents unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting date.

Current assets include the current portion of non-current financial Assets.

All other assets are classified as non-current.

Liability

A Liability is classified as current when it satisfies any of the following criteria:-
It is expected to be settled in the company's normal operating cycle,

It is held Primarily for the purpose of being traded,

It is due to be settled within 12 months from the reporting date, or

The company does not have an unconditional right to defer settlement of liability at least 12 months after the reporting date. Terms of the liability that could at the option of
the counter party, result in its settlement by the issue of equity instruments do not affect its classification.

Current liabilities include the current portion of non-current financial liabilities.

All other liabilities are classified as non-current.

2.18 Cash and cash Equivalents

Cash and cash equivalent Cash and cash equivalents comprise cash balances on hand, cash balance with bank and highly liquid investments with original maturities, at the date
of purchase/investment, of three months or less.

2.19 Operating Cycle

Operating cycle is the time between the acquisition of assets for processing and their realization in cash or cash equivalents, Based on the nature of activities and the time
between the acquisition of assets for processing and their realisation in cash and cash equivalents, the Company has ascertained its operating cycle within twelve months for
the purposes of current/ non-current classification of its assets and liabilities

Note - 30 Disclosures for Leases (AS 19)

The lease rentals charged during the year and maximum obligation on long term, non cancellable operating leases payable are as per the rentals in the
respective agreements. Lease payments made under operating leases amounting to Rs. 62,03,549.39 (PY Rs. 45,51,277.11) have been recognised as an
expense in the statement of profit and loss. Most of the leases entered by the company are medium and long term in nature and the underlying leases are
commensurate with company's current and future operational plan.

The total of future minimum lease payments under non cancellable operating lease are as follows:

Note - 38 Registration of charges or satisfaction with Registrar of Companies.

During the year, the company has availed term loan of Rs 47,604.1/- for vehicles from ICICI Bank Ltd, for which no charge has been filed with the MCA.

Note - 39 Transaction with companies struck off under section 248/56 of Companies Act, 2013.

The company has no transactions with any struck off companies u/s 248 of the Act.

Note - 40 Statutory Fillings with MCA

The company has filed MGT-7 for the FY ending 2024 on 08th October 2024.

The company has filed AOC-4 for the FY ending 2024 on 10th September 2024.

Filing of Annual Return in form AOC-4 is after the prescribed due date and filing of MGT- 7 is within due date.

Other forms for issue of share warrants and equity shares have been filed within due time.

Note - 41 Other Notes

(i) Financial statements are prepared as per requirement of the Schedule III of the Companies Act, 2013.

During the year the company has issued partly paid up 7 Lakhs share warrants at 187/- per warrant. The same to be converted in equity shares of Rs 10 each after receipt of

(ii) the full amount. During the year full amount was received for 1 Lakh warrants for which 1 Lakh equity shares were issued having face value of Rs 10/- and the share
premium of Rs 177/- per share. The balance 6 lakhs warrants are partly paid up and 25% amount on the same has been received during the year.

Trade receivables include an amount of Rs 23,397.4/- due from a single party. Out of this, Rs 9,935.3/- has been confirmed by the said party. The balance amount has not
been confirmed and has also not been accounted for by the party in their books. The outstanding balance pertains to Survey and Mapping services rendered by the company.
The company has delivered the complete set of data related to these services to the client, which was to be submitted to the concerned government authority.

⁾ Corresponding invoices have been duly raised by the company. As informed by the party, the unconfirmed amount will be accounted for in their books upon receipt of
approval of the submitted data from the concerned government authority. The Company is confident of recovering the entire outstanding amount based on the scope of
work completed and delivery of data.

(iv) Sundry Debtors balances are subject to reconciliation of final TDS amount deducted by the customers.

(v) The Company does not have any immovable property whose title deed is not held in name of the company.

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

The Company has complied with the number of layers for its holding in downstream companies prescribed under clause (87) of section 2 of the Companies Act, 2013 read

^(vii) with the Companies (Restriction on number of Layers) Rules, 2017.

Company has not advanced or loaned or invested funds to any other person(s) or entity(is), including foreign entities (Intermediaries) with the understanding that the

(viii) 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.

The Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with the understanding (whether recorded in writing or

(ix) 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.

The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax

^(x) assessments under the Income Tax Act, 1961 such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

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

The company has paid Director Remuneration of Rs 90 Lakhs and Rs 12 lakhs for rent free accommodation which is beyond the limits prescribed u/s 197 of Companies Act

^(xii) 2013. Approval of share holders for the excess amount is yet to be taken.

(xiii) During the year unbilled revenue of Rs 3,32,14,601/- has been written off due to non approval of the survey and mapping work by the concerned govt authorities.

Note - 42 Previous year's figures

Previous year figures have been regrouped/rearranged wherever considered necessary to make them comparable with current year figures.

Note No. 1 to 43 form integral part of Balance Sheet & Profit & Loss A/c

For G A M S & ASSOCIATES LLP For and on behalf of the Board of Directors

Chartered Accountants Drone Destination Limited

Firm Regn. No. N500094

Sd/- Sd/- I

Chirag Sharma Shashi Bala

Sd/- Managing Director Director

DIN :05271919 DIN :01547327

CA S C Singhal Sd/- Sd/- |

Partner

M. No. 088157 Arun Kumar Ayushi Gupta

Place: New Delhi Chief Financial Officer Company Secretary

Date: 29/05/2025 PAN: APYPA9884K M No. A49249

UDIN: 25088157BMHDSJ9458