1.9 Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognized when there is a present obligation (legal or constructive)
as a result of a past event, it is probable that an outflow of resources embodying
economic benefits will be required to settle the obligation and there is a reliable
estimate of the amount of the obligation. When a provision is measured using the
cash flows estimated to settle the present obligation, its carrying amount is the
present value of those cash flows (when the effect of the time value of money is
material). Contingent liabilities are disclosed when there is a possible obligation
arising from past events, the existence of which will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly
within the control of the company or a present obligation that arises from past
events 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 cannot be made.

1.10 Leases

Policy Applicable from April 1, 2019

The Company accounts for each lease component within the contract as a lease
separately from non-lease components of the contract and allocates the
consideration in the contract to each lease component on the basis of the relative
stand -alone price of the lease component and the aggregate stand-alone price of
the non-lease components.

The Company recognises right-of-use asset representing its right to use the
underlying asset for the lease term at the lease commencement date. The cost of
the right-of-use asset measured at inception shall comprise of the amount of the
initial measurement of the lease liability adjusted for any lease payments made at
or before the commencement date less any lease incentives received, plus any
initial direct costs incurred and an estimate of costs to be incurred by the lessee in
dismantling and removing the underlying asset or restoring the underlying asset or
site on which it is located. The right-of-use assets is subsequently measured at cost
less any accumulated depreciation, accumulated impairment losses, if any and
adjusted for any remeasurement of the lease liability. The right-of-use assets is
depreciated using the straight-line method from the commencement date over
the shorter of lease term or useful life of right-of-use asset. The estimated useful
lives of right-of use assets are determined on the same basis as those of property,
plant and equipment. Right-of-use assets are tested for impairment whenever
there is any indication that their carrying amounts may not be recoverable.
Impairment loss, if any, is recognised in the statement of profit and loss.

The Company measures the lease liability at the present value of the lease
payments that are not paid at the commencement date of the lease. The lease
payments are discounted using the interest rate implicit in the lease, if that rate
can be readily determined. If that rate cannot be readily determined, the Company
uses incremental borrowing rate. For leases with reasonably similar
characteristics, the Company, on a lease by lease basis, may adopt either the
incremental borrowing rate specific to the lease or the incremental borrowing rate
for the portfolio as a whole. The lease payments shall include fixed payments,
variable lease payments, residual value guarantees, exercise price of a purchase
option where the Company is reasonably certain to exercise that option and
payments of penalties for terminating the lease, if the lease term reflects the
lessee exercising an option to terminate the lease. The lease liability is
subsequently remeasured by increasing the carrying amount to reflect interest on
the lease liability, reducing the carrying amount to reflect the lease payments
made and remeasuring the carrying amount to reflect any reassessment or lease
modifications or to reflect revised in -substance fixed lease payments. The
company recognises the amount of the re-measurement of lease liability due to
modification as an adjustment to the right-of-use asset and statement of profit
and loss depending upon the nature of modification. Where the carrying amount
of the right-of-use asset is reduced to zero and there is a further reduction in the
measurement of the lease liability, the Company recognises any remaining amount
of the re -measurement in statement of profit and loss.

Short-term leases having a lease term of 12 months or less and low value leases
are accounted for in the statement of profit and loss as a revenue item.

Note 16: Segment Reporting

The Company is engaged mainly in trading activities and as such there are no other reportable segment as defined
by Accounting Standard 17 on "Segment Reporting" issued by the Institute of Chartered Accountants of India.

_S

Note 17: Dues to micro & small enterprises

The Company has called for complete information from all the vendors regarding their status as small-scale/micro
industrial undertaking. Based on information received regarding the status of the vendors there are no amounts
outstanding for more than Rs.1,00,000/- for more than 30 days.

Note 18 Related Party Disclosure

a) List of Related Parties with whom transactions have taken place and Relationship:

Note 19: Contingent Liabilities

A contingency is a potential liability or gain that may arise from past events but whose existence will be confirmed
by the occurrence or non- occurrence of uncertain future events. The company has assessed its operations and
determined that there were no material contingencies requiring disclosure as of March 31, 2024. ( previous year-
NIL)

Note 20 : Details of benami property held

There has been no proceedings initiated or pending against the Company for holding any benami property under
the Benami Transactions (Prohibitions) Act, 1988 (45 of 1988) and the rules made thereunder.

The Company does not have any subsidiary(s), therefore Section 2 of the Companies Act, 2013 read with
Companies (Restriction on number of Layers) Rules, 2017 relating to Layers of Companies is not applicable.

Note 26 : Undisclosed income

The Company does not have any transaction not recorded in the books of accounts that 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).

Note 27 : Intangible assets under development

There are no Intangible assets under development as on March 31, 2024.

Note 28 : Security of current assets against borrowings

The Company does not have borrowings from banks or financial institutions on the basis of security of current
assets.

Note 29 : Compliance with approved scheme(s) of arrangements

There has been no Scheme of Arrangements has been approved by the Competent Authority in terms of sections
230 to 237 of the Companies Act, 2013.

Note 30 : Details of crypto currency or virtual currency

The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year ended on
March 31, 2024.

Note 31 : Title deeds of immovable property not held in name of the company

The Company does not have any immovable property (other than properties where the Company is the lessee and
the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the
Company.

Note 32 : Registration of charges or satisfaction with registrar of companies

The Company does not have any charges or satisfaction yet to be registered with Registrar of Companies beyond
the statutory period.

Note 33 : Utilisation of borrowed funds/share premium/any other source of funds

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
Company ('ultimate beneficiaries') or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries of the Company in the ordinary course of business .

Accordingly, no further disclosures, in this regard, are required.

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.

Note 34 : Previous year figures

Previous year figures have been re-grouped / re-classified / restated wherever necessary to confirm the current
year classification.

For and on behalf of the Board of Directors of
Maa Jagdambe Tradelinks Limited

CIN: L74999MH1985PLC035104

Sanjay Trivedi Harish Srivastava
Director Director

DIN:09216074 DIN:06874778

Nalasopara
May 29, 2024