j Provisions and Contingencies;

A provision is recognized when the company has legal and constructive obligation as a result of a past event, for which it is probable that cash outflow will be required and a reliable estimate the amount of the obligation. A contingent liability is disclosed when the company has possible or present obligation where it is not certain that an outflow of resources will be required to settle it. Contingent assets are neither recognized nor disclosed.

k Impairment of Assets

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment loss is charged to the Statement of Profit and Loss in the year in which an asset is identified as impaired. The impairment loss recognised in prior accounting period is reversed if there has been as change in the estimate of recoverable amount.

I Employee Benefits

i. Short-term employee benefits are recognised as an expense at the undiscounted amount in the statement of profit and loss in the year in which the related service is rendered.

ii. Post employment and other long term employee benefits are recognised as an expense in the Statement of Profit and Loss for the year in which the employee has rendered services. The expense is recognised at the present value of the amounts payable determined using actuarial valuation techniques. Actuarial gains and losses in respect of post employment and other long term benefits are charged to the Statement of Profit and Loss.

m Foreign Currency Transactions

i. Transactions denominated in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction or that approximates the actual rate at the date of the transaction.

ii. Monetary items denominated in foreign currencies at the year end are restated at year end rates. In case of items which are covered by forward exchange contracts, the difference between the year end rate and rate on the date of the contract is recognised as exchange difference and the premium paid on forward contracts is recognised over the life of the contract.

iii. Non monetary foreign currency items are carried at cost.

iv. Any income or expense on account of exchange difference either on settlement or on translation is recognised in the statement of Profit and Loss except in case of long term liabilities, where they relate to acquisition of fixed assets, in which case they are adjusted to the carrying cost of such assets.

n Investments

Long-term Investments are stated at cost after deducting provision, if any, for other than temporary diminution in the value of investments. Current Investments are stated at lower of cost and market / fair value.

2.37 Details of Benami Property held:

No proceedings have been Initialed on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988(45 of 1988) and Rules made thereunder.

2.3S Relationships with struck off companies:

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.

2.39 Compliance with number of layers of companies:

The Company has compiled with the number or layers prescribed under the Companies Act, 2013.

2.40 Willful defaulter:

The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority.

2.41 Compliance with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

2.42 Valuation of Property, plant and equipment, Intangible asset and Investment property

The Company has not revalued its property, plant and equipment or Intangible assets during the current or previous year.

2.43 Details of crypto currency or Virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

2.44 Undisclosed Income

There is no Income surrendered or disclosed as Income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

Notes:

(a) Current Ratio has increased due to increase in Current Assets and decrease in Current Liabilities.

(b) Debt-Equity Ratio has improved due to increase in Shareholder's Equity.

(c) Debt Service Coverage Ratio has increased primarily due to decrease in short term and long term debt and increase in EBITDA.

(d) Return on Equity Ratio has decreased due to increase in Shareholder's Equity.

(e) Trade payables turnover ratio has increased due to decrease in Average Tirade Payables and Increase in Net Credit Purchases.

(f) Net capital turnover ratio has decreased because Average Working Capital has increased.

(g) Net profit ratio has increased because Net Profit (After Tax) has increased.

(h) Return on Capital employed has decreased because of increase in Capital Employed.

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

For MNT And Associates LLP For & On Behalf Of Board Of Director;

Chartered Accountants

Firm Registration Number: W100115

Flemant Dalsukhrai Mehta Manan Hemant Mehta

Chairman & Whole Time Director

Managing Director

CANishitTanna DIN: 02507616 DIN: 05124747

Partner

Membership No. : 153147

Dharman Manoj Mehta Rekha Rani Narniwal

UDIN: 24153147BKETVE5083 Whole Time Director Company Secretary

Place : Thane & Chief Financial Officer

Date :29th May 2024_DIN: 07S21311_M No. : A33803_