xiii. PROVISIONS,CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Provisions involving substantial degree of estimation in measurement are recognized when there is a present
obligation as a result of past events, it is probable that there will be an outflow of resources embodying economic
benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the
obligation. Provisions are measured at the best estimate of the expenditure required to settle the present
obligation at the Balance Sheet date. If the effect of the time value of money is material, provisions are
discounted to reflect its present value using a current pre-tax rate that reflects the current market assessments
of the time value of money and the risks specific to the obligation.

Contingent liabilities are disclosed when there is a possible obligation arising from past event, the existence of which will
be confirmed only by occurrence or non-occurrence of one or more uncertain future events not wholly within the control
of the company or a present obligation that arise from past event where it is either not probable that an outflow of
resources will be required to settle the obligation or a reliable estimate of the amount can not be made.

xiv. EARNINGS PER SHARE:

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by
the weighted average number of equity shares outstanding during the period. For the purpose of calculating diluted

earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number
of shares outstanding during the period are adjusted for the effects of all potential dilutive equity shares.

xv. CASH AND CASH EQUIVALENTS:

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an
original maturity of twelve months or less, which are subject to an insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of unrestricted cash and short- term
deposits, net of outstanding bank overdrafts as they are considered an integral part of the Company's cash
management. Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of
transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payment and item
of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and
financing activities of the company are segregated.

A. The carrying amounts of trade receivables, trade payables, current loans, capital creditors and cash and cash equivalents,
other financial assets, other financial liabilities are considered to be the same as their fair values, due to their short-term nature.

B. The fair values of non-current borrowings and non-current Loans are same as their amortized cost since the borrowings are
interest bearing at the prevalent market rate.

The Details of security offered for the secured loan taken are as follows:

A. Overdraft against fixed deposits are secured by the pledge of the fixed deposits financed through
overdraft financing viz FDOD

B. Loans in respect of Vehicals are secured by the hypothecation of the vehicles financed through loan
agreement viz Motor Cars.

Note-31: Segment Reporting:

Factors used to identify the entity’s reportable segment, including the basis of organization:

For management purposes, the company has only one reportable segment namely: Real Estate and
development in residential and commercial property. The Managing Director of the company acts as the Chief
Operating Decision Maker (“CODM”). The CODM evaluates the company’s performance and allocates resources
based on an analysis of various performance indicators.

3. Information about Major Customers:

Entity has entered the real estate transaction in the nature of sale of land at Survey No.782 & 783 at
Moje Vekra, Mehsana to Mr. Meet Mahendrabhai Patel resident of Dharnidhar Vas, Patel Vas,
Chandlodiya, Ahmedabad-382481of Rs.195.99 lakhs and Mausam Mahendrabhai Patel resident at
105, Patel Vas, Chandlodiya, Ahmedabad-382481 of Rs.137.61 Lakhs which is more than 10% of total
revenue of the entity for the financial year 2024-25.

(c) Basis of Measurement:

• Investments in subsidiaries, associates and joint ventures are accounted for at cost in accordance with Ind
AS 27, in the Separate Financial Statements.

• Impairment in value, if any, is assessed in accordance with Ind AS 36 and charged to the Statement of
Profit and Loss.

(d) Significant Judgments:

• The management has evaluated control as per Ind AS 110 to determine subsidiaries.

• Significant influence is determined in accordance with Ind AS 28.

(e) Impairment Testing:

At each reporting date, the Company assesses whether there is any indication that the investment in
subsidiaries or associates may be impaired.

(f) Fair Value Disclosures:

Though carried at cost, the fair value of unquoted investments has been disclosed in
accordance with Ind AS 107.

Notes

#1 Debt represents all liabilities.

#2 Earnings available for Debt service represents Profit After Tax Finance Cost Depreciation and Amortization
Loss/(profit) on sale of assets

#3 Debt Service represents Interest Principal Repayment Lease payments.

#4 Cost of goods sold represents construction material consumed during the during the year.

#5 Capital Employed represents Equity, external borrowings and Deferred tax liabilities.

#6 Revenue from Operations represents sale of services and other material sales.

#7 Construction expenses represents credit purchases during the year other direct construction
Expenses.

Note 36: Contingent Liabilities:

1 For AY 2017-18 from Income Tax Department has raised the demand of Rs. 593.,63
Lakh in assessment proceeding. Company has filed appeal with CIT(A) and is of
the opinion of getting success in appeal hence not provided in the books of account.

2 For AY 2022-23 Company has succeeded in assessment proceeding u/s 143(3),
however IT department has wrongly added deferred tax into the profit and raised
the demand of Rs.29.23 Lakh. Company has filed rectification application against
the said order. Hence nothing has provided in the books.

NOTE-37:There are no proceedings initiated or pending against the Company for holding any Benami Property under
the Benami Transactions (Prohibitions) Act, 1988.

NOTE-38 During the year Company has not traded or invested in Crypto Currency.

NOTE-39 The Company does not have any immovable property in Property, Plant & Equipment for which the title deeds of immovable property
are not held in the name of the company.

NOTE-40 Standard issued but not yet effective:

Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under Companies (Indian Accounting
Standards) Rules as issued from time to time. For the year ended March 31, 2025, MCA has not notified any new standards or amendments to
the existing standards applicable to the Company.

See accompanying notes forming part of the financial statements In terms of our report
attached.

For Philip Fernandes & Co For and on behalf of the Board of Directors

Chartered Accountants
ICAI Firm Reg No: 128122W

Chairman & M.D. Managing Director

(Vijay C Shah): (S an ket V Shah)

DIN:00038062 DIN:00038121

Sd/- Sd/-

Proprietor

M.N. 125960 Whole-Time Director Company Secretary

Place : Ahmedabad (Nalini V Shah) ( Megha Shah)

Date : Sd/- Sd/-

DIN:00119538
Place :Ahmedabad

Date :