XVIII. Provision, Contingent Liability and Contingent Assets:

Provisions involving substantial degree of estimation measurement are recognized when
there is present obligation as a result of past events, and it is possible that there will be an
outflow of resources. Contingent liabilities are not recognized but are disclosed in the notes.
Contingent assets are neither recognized nor disclosed in the financial statements.

NOTES TO THE FINANCIAL STATEMENTS:

25. Contingent Liabilities of the Company:

a. Performance Bank Guarantee Rs. 76.94 lakh (Previous Year 2023-2024 is Rs. 90.22 lakh/-)

b. During the year the GST Audit Department has issued Show Cause Notice (SCN) dated
23.08.2023. In the said SCN the GST audit department has calculated GST liability of
Rs.42,63,396/- (CGST of Rs.21,31,698/- and SGST of Rs.21,31,698/-), The matter required
adjudication. Further till date demand notice has not been served on the company.

26. The balances of Sundry Debtors and Sundry Creditors are subject to confirmation from
respective parties.

27. In the opinion of the Board of Directors, Current Assets, Loans and Advances have a value
on realization at least equal to the amount at which they are started in Balance sheet.
Adequate provisions have been made for all known liabilities except stated otherwise.

28. The company has not received information from vendors regarding their status under the
Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating

to amounts unpaid as at year end together with interest paid/payable under this Act has not
been given.

29. Expenditure in Foreign Currency: Rs. NIL (Previous Year - Rs. NIL)

30. CIF Value of Import Rs. Nil (Previous Year -Rs. Nil/-)

31. Impairment of Assets:

The Company has not recognized any loss on impairment in respect of assets of the
Company as is required in terms of Accounting Standard 28 on Impairment of Assets issued
by Institute of Chartered Accountants of India, since in the opinion of management the
reduction if any in value of assets, to the extent required, has been provided in the books.

36. No Transaction to report against the following disclosure required as notified by
MCA pursuant to amended Schedule III:

> Crypto Currency or Virtual Currency.

> Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and
rules made thereunder.

> The company has no transaction with company struck-off under section 248 of the
Companies Act, 2013 or Section 560 of the Companies Act, 1956.

> As the company has no holding or subsidiary company, requirement with respect to
number of layers prescribed under Clause 87 of Sub section 2 of the Companies Act,
2013 read with Companies (restriction on number of layers) rules, 2017 is not
applicable.

37. Previous year's figures have been regrouped / reclassified wherever necessary to correspond
with the current year's classification / disclosure.

38. During the year ended on March 31, 2022, 2023 & 2024 and during the 9 months ended
December 31, 2024, the Company has not advanced or loaned or invested funds (either
borrowed funds or share premium or kind of funds) to any other person(s) or entity(ies),
including foreign entities (Intermediaries) with the understanding (whether recorded in
writing or otherwise) that the Intermediary shall 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 provide any guarantee, security or the like to or on behalf of the

beneficiaries.

^{During the year} ended on March 31, 2022, 2023 & 2024 and during the 9 months ended

December 31, 2024, 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 Company 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.