q) Provisions Contingent liabilities and contingent assets:-

A provision is recognized if, as a result of a past event, the Company has a present legal
obligation that can be estimated reliably, and it is probable that an outflow of economic
benefits will be required to settle the obligation. Provisions are determined by the best
estimate of the outflow of economic benefits required to settle the obligation at the
reporting date. Where no reliable estimate can be made, a disclosure is made as
Contingent Liability.

A disclosure for a Contingent Liability is also made when there is a possible obligation or
a present obligation that may, but probably will not, require an outflow of resources.
Where there is a possible obligation or a present obligation in respect of which the
likelihood of outflow of resources is remote, no provision or disclosure is made.

Possible obligation that arises from the past events whose existence will be confirmed by
the occurrence or non-occurrence of one or more uncertain future events beyond the
control of the Company or a present obligation that is not recognized because it is not
probable that an outflow of resources will be required to settle the obligation is reported
as Contingent Liability. In the rare cases, when a liability cannot be measures reliable, it is
classified as Contingent Liability. The Company does not recognize a Contingent Liability
but disclosed its existence in the standalone financial statements.

r) Event after Reporting Date:-

Where events occurring after the Balance Sheet date provide evidence of condition that
existed at the end of reporting period, the impact of such events is adjusted within the
standalone financial statements. Otherwise, events after the Balance Sheet date of
material size or nature are only disclosed.

All the events occurring after the Balance Sheet date up to the date of the approval of the
standalone financial statement of the Company by the board of directors on May 17,
2023 have been considered, disclosed and adjusted, wherever applicable, as per the
requirement of Accounting Standards.

22. Figures in financial statement have been regrouped and / or rearranged where ever necessary.

23. The balances of Trade payables, Trade Receivable and loans and advances are subject to
confirmation by respective parties.

24. In the opinion of the Board of Directors, the current assets, loans and advances are
approximately of the value stated, if realized in the ordinary course of business.

25. In the opinion of the Board of Directors, provisions for depreciation and all liabilities are
adequate and not in excess of the amount reasonably necessary.

26. Wherever external evidence in the form of cash memos / bills / supporting are not available,
the internal vouchers have been prepared, authorized and approved.

27. Statement of Management

(i) The current assets, loans and advances are good and recoverable and are
approximately of the values, if realized in the ordinary courses of business unless and
to the extent stated otherwise in the Accounts. Provision for all known liabilities is
adequate and not in excess of amount reasonably necessary.

(ii) Balance Sheet, Statement of Profit and Loss and Cash Flow Statement read together
with Notes to the accounts thereon, are drawn up so as to disclose the information
required under the Companies Act, 2013 as well as give a true and fair view of the
statement of affairs of the Company as at the end of the year and results of the
Company for the year under review.

28. As per Accounting Standard 18, issued by the Chartered Accountants of India, The Disclosures
of Transaction with the related parties as defined in the related parties as defined in the
Accounting Standard are given below:

29. The Company has not advanced or loaned to or invested in funds to any other person(s) or
entity(is), including foreign entities (Intermediaries) with the understanding that the
Intermediary shall:

a. directly or indirectly lend to or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

b. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

30. The Company has not received any fund from any person(s) or entity(is), including foreign
entities (Funding Party) with the understanding (whether recorded in writing or otherwise)
that the Company shall

32. EARNINGS PER SHARE: -

The Company reports basic and diluted earnings per share (EPS] in accordance with the
Accounting Standard 20 prescribed under The Companies (Accounting Standards] Rules, 2006 (as
amended]. The Basic EPS has been computed by dividing the income available to equity
shareholders by the weighted average number of equity shares outstanding during the accounting
year. The Diluted EPS has been computed using the weighted average number of equity shares and
dilutive potential equity shares outstanding at the end of the year.

34. Notes forming part of accounts in relation to Micro and small enterprise

1. Based on information available with the company, on the status of the suppliers being Micro
or small enterprises, on which the auditors have relied, the disclosure requirements of Schedule
III to the Companies Act,2013 with regard to the payments made/due to Micro and small
Enterprises are given below :

The company has initiated the process of obtaining the confirmation from suppliers who have
registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006
(MSMED Act, 2006] but has not received the same in totality. The above information is compiled
based on the extent of responses received by the company from its suppliers.

35. Tittle deeds of immovable property.

Tittle deeds of immovable property has not been held in the name of promoter, director, or
relative of promoter/ director or employee of promoters / director of the company, hence same
are held in the name of the company.

36. Revaluation of property, plants and equipment's.

The Company has not revalued its Property, Plant and Equipment for the current year.

37. Loans or Advances in the nature of loans.

No Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the
related parties (as defined under Companies Act, 2013,] either severally or jointly with any other
person.

47. Compliance with approved scheme of Arrangements.

Company does not have made any arrangements in terms of section 230 to 237 of companies act
2013, and hence there is no deviation to be disclosed.

48. Utilization of borrowed funds and share premium.

As on March 31, 2023 there is no unutilized amount in respect of any issue of securities and long
term borrowing from banks and financial institution. The borrowed funds have been utilized for
the specific purpose for which the funds were raised.

49. Corporate social responsibility (CSR).

The section 135 (Corporate social responsibility] of companies act, 2013 is not applicable to the
company.

50. Details of crypto currency and virtual currency.

Company has not traded or invested in crypto currency or virtual currency during the financial
year.