29 The Company did not have any material transactions with companies struck-off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the financial period ended on March 31, 2024.

30 The Company evaluated the carrying amounts of property, plant and equipment, investments, inventories, loans and advances, receivables and other current assets. In developing the assumptions relating to the possible future uncertainties, the Company, as at the date of approval of these Audited financials has used internal and external sources on the expected future performance of the Company and management expects the carrying amount of these assets will be recovered and sufficient liquidity is available to fund the business operations for at least another 12 months. Due to any unforseen circumstances the final impact on the Company’s assets in future may differ from that estimates as at the date of approval of these Audited Financials.

31 There is no contingent liabilities as on the end of year except outstanding Bank guarantee of Rs.8416.88 against Fixed Deposits as margin, TDS defaults as on year end is of Rs of Rs. 63.00 and Income Tax outstanding demand (A.Y.2019-20) of Rs. 218.00

32 a) During the FY 2023-24 In the process of public issue, Rs 2885.81 the restatement effect of Depreciation till 31st March 2023 on GALA owned by Company- GALA 'A'-20 & 'B'-108 which were not calculated and charged to Statement of Profit and Loss, has been adjusted with and disclosed in Reserves and Surplus.

b) During the FY 2023-24 In the process of public issue, Rs 3104.46 the restatement effect of Gratuity and leave encashment provision till 31st March 2023 which were not charged to Statement of Profit and Loss, has been adjusted with and disclosed in Reserves and Surplus.

33 The Company had Rs 93073.87 of unbilled revenue related to the on-going project as at March 31, 2024. The revenue recognized by the Company includes an estimate of work done by Company on respective projects but certification of work by Customer is pending and therefore not billed to respective customers. The estimate is derived from unbilled work done at customers site and is based on material and labour consumed in such unbilled work. Management applies judgment to the measurement and value of the estimated consumption. Unbilled Revenue estimates is prepared basis of cost incurred by respective project manager and approved by management those charged with Governance.

34 Micro, Small and Medium Enterprises Development Act, 2006

The Company is in the process of compiling information from its suppliers regarding their status under the above act and hence disclosure, if any, of the amount unpaid as at the year-end together with the interest paid/payable as required has been given to the extent information available :-

35 Disclosure with regard to stock and book debt statement/Returns submitted to working capital lender vis-a-vis books of accounts is enclosed in Annexure A

36 There is no capital work in progress as on the end of year, therfore no disclosure as required by schedule III is given.

37 During the year ended March 31,2024 there is no proceeding initated or pending against the company for holding any Benami Property as per the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder, therfore no disclosure as required by schedule III is given.

38 During the year ended March 31, 2024, the Company has not been declared as willful defaulter.

39 Various Financial Ratio, alongwith details of Numerator and denominator etc, and the reason for deviation more than 25% for the current year and as compared to previous year has been disclosed in Annexure B attached

40 The Company does not have any charges or satisfaction which is yet to be registered with the Registrar of Companies (ROC) beyond the statutory period.

41 Interest on loans and advances are accounted on mercantile basis, However company do not charge Interest on loan given to employees as per its HR Policy. Related party transaction is as per the attachment.

42 Related party and transactions with them has been disclosed in Annexure C attached

43 The 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 intermediary shall;

i. 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

ii. Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

44 The Company has not received any funds 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;

i. 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

ii. Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

45 The Company does not have any transactions which is not recorded in the books of accounts but 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)

46 Additional liabilities, if any, arising pursuant to respective assessment year under various fiscal statutes, shall be accounted for in the year of assessment.

47 During the FY 2023-24, Company has made the provision of Gratuity and leave encashment as per the report certified by

actuary. For disclosure about the gratuity and leave encashment, Refer Anneuxre D attached

48 Figures have been rounded off to the multiple of thousands. Previous year’s figures have been regrouped, recast and rearranged wherever necessary to make them comparable with the current period figures.