k. Provisions

v 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
Y^vi are not discounted to its present value and are determined based on management estimate required to settle the obligation at

] * the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to refj£dah£current management

Accounting policies are not specifically referred to otheny^TS^sqnsistent and iryco^/onarK^with genet ally accepted . A^vl
accounting principles. (siTpjf) yep

Gratuity liability under the payment of Gratuity Act has been provided in the books of accounts as per Actuarial Valuation as
required under Accounting Standard -15 (Revised) issued by The Institute of Chartered Accountants of India.

m. Forward Contracts:

The Company enters into forward exchange contracts to hedge the foreign currency risk related to its receivables denominated
in foreign currencies. These contracts are entered into for hedging purposes.

Any profit or loss arising on the cancellation or renewal of forward contracts is also recognized in the Statement of Profit and

Loss.

The outstanding forward contracts as at the balance sheet date are marked to market, and anwl^^Ltfi^^TRmri such mark-to-
market valuations are recognized in the Statement of Profit and Loss, while unrealized gains^jel-ignored. >c Imowithlha
principles of prudence. Z' ''N / Co

-jL 3 LUDHIANA 51

v Vex y°/

* The Company has made a fresh issue by way ofprefential allotment dated 10th August 2024 of 1,072 equity shares of Rs. 10 each at a premium of Rs. 54,990
each for cash consideration, aggregating to Rs. 589.60 lacs and dated 13th September 2024 of475 equity shares of Rs. 10 each at a premium of Rs. 79,990 each
for cash consideration, aggregating to Rs. 380.00 lacs. Further, the Company has allotted bonus shares in the ratio of 499:1, i.e., 499 bonus shares for every 1
equity share held, by capitalizing reserves. The total number of bonus shares issued during the year amounts to 57,61,953 equity shares of ?10 each, aggregating
to Rs. 576.20 lacs.

(b) Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each Shareholder is eligible to one vote per share held. The dividend
proposed, if any, by the Board of Directors is subject to approval of shareholders in the ensuing Annual General Meeting, except in case of interim dividend. The
repayment of equity share coital in the vent of liquidation and buy back of shares are possible subject to prevalent regulations. In the event of liquiation, normally
the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

27 Other Notes

A) Previous year figures have been regrouped and rearranged wherever necessary to facilitate the comparison with current year figures.

B) In the opinion of management, the current assets, loans and Advances have value on realization in the ordinary course of business at least equal to the value at which

they are stated in the foregoing Balance Sheet.

C) Debit and credit balances of trade receivables and trade payables are subject to confirmation and consequent adjustment arising from reconciliation, if any. However
the management is of the opinion that there shall be no material adjustments in this regard upon reconciliation.

D) Micro And Small Scale Business Entities

There are no micro and small enterprises, to whom the corrpany owes sums, which are outstanding for more than 45 days as at 31st March 2025. This information as

required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006, has been determined to the extent such parties have been identified

by the management and relied upon by the auditors.

E) As per the best estimate of the Management, no provision is required to be made in terms of Accounting Standard ‘ AS-29’ notified under the Companies Accounting
Standard Rules 2006, in respect of any present obligation as a result of a past event that could lead to a probable outflow of resources, which would be required to
settle the obligation.

F) Physical verification of Assets at site or at office premisis is conducted by die management on a systamatic basis. No material discripency/ variance were reported
during the year, between Fixed assets register and physical count.

28 Operating Leases

The Company has taken office space under cancellable operating lease arrangements. Lease rental expenses charged during the year to the Statement of Profit and
Loss amounts to Rs. 14.65 lacs (31 March 2024: Rs. 24 lacs).

29 Contingent Liability

The Company had extended a corporate guarantee amounting to Rs. 100 lacs (31 March 2024: Rs. 100 lacs) in favour of Cyberstar Educational Society, secured by
way of hypothecation on all existing and future current assets. However, the said guarantee has been released as on the reporting date.

30 Note on Corporate Social Responsibilites

As per Section 135 of The Companies Act, 2013 following is the detail of corporate social responsibility expenses incurred by the Company.

33 Disclosures in compliance with amendment in Schedule III

a. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

b. The Company has not entered any transactions with Companies that were struck off under section 248 of the Companies Act, 2013 or section 560 of Companies
Act, 1956.

c The Company is in compliance with number of layers of Companies, as prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on
number of Layers) Rules, 2017.

d. During the year, no scheme of arrangements in relation to the Company has been approved by the competent authority in terms of section 230 to 237 of the
Companies Act, 2013. Accordingly, aforesaid disclosure are not applicable, since there were no transactioa

e. The Company does not have any such transaction which is not recorded in books of accounts that has been surrendered or disclosed as income during the year in
the tax assessments under the Income Tax Act, 1961.

f. The Company has not traded or invested in crypto currency or virtual currency during the financial year.

g. The charges or satisfaction were registered within the statutory period with Registrar of Companies (ROC) as and when required.

h. The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person or
entity, including foreign entities (“Intermediaries”) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall, whether, directly
or indirectly lend or invest in other persons/entities identified in any manner whatsoever by or on behalf of the Group (‘ultimate beneficiaries’) or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.

i. The company has not received any fund from any person(s) or entity(ies), including foreign entities (“Funding party”) with the understanding (whether recorded in
writing or otherwise) that the Group shall 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 provide any guarantee, security or the like on behalf of the ultimate beneficiaries.