2.10 Provisions and contingent liabilities

The Company creates a provision when there is present obligation as a result of a past event that probably requires
an outflow of resources and a reliable estimate can be made of the amount of the obligation.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but
probably will not, require an outflow of resources. The Company also discloses present obligations for which a reliable
estimate cannot be made. When 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.

2.11 Foreign currency translation

The Company's financial statements are presented in Indian Rupee, which is also the Company's functional currency.
Initial recognition

Foreign currency transactions are recorded in the reporting currency, by applying to the foreign currency amount the
exchange rate between the reporting currency and the foreign currency at the date of the transaction.

Conversion

Foreign currency monetary items are re-translated using the exchange rate prevailing at the reporting date.
Nonmonetary items, which are measured in terms of historical cost denominated in a foreign currency, are reported
using the exchange rate at the date of the transaction.

Exchange differences

All exchange differences are accounted in the Statement of Profit and Loss.

2.12 Fair value measurement

The Company measures its qualifying financial instruments at fair value on each Balance Sheet date.

Fair value is the price that would be received against sale of an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. The fair value measurement is based on the
presumption that the transaction to sell the asset or transfer the liability takes place in the accessible principal market
or the most advantageous accessible market as applicable.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data is
available to measure fair value, maximising the use of relevant observable inputs and minimising the use of
unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised
within the fair value hierarchy into Level I, Level II and Level III based on the lowest level input that is significant to
the fair value measurement as a whole. For a detailed information on the fair value hierarchy, refer note no. 23.

For assets and liabilities that are fair valued in the financial statements on a recurring basis, the Company determines
whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest
level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis
of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy.

2.13 Unless specifically stated to be otherwise, these policies are consistently followed.

b) The Company has one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is
entitled to one vote per share with a right to receive per share dividend declared by the Company. In the event of
liquidation, the equity shareholders are entitled to receive remaining assets of the Company (after distribution of all
preferential amounts) in the proportion of equity shares held by the shareholders.

c) During Financial year 2022-23 the company had issued 1,44,500 sweat equity share to Mr. Pankaj Dawar, Managing direc
The said shares does not contain voting Rights for a period of 3 Years. The said shares are issured other than Cash.

d) Following Shareholders hold equity shares more than 5% of the total equity shares of the company at the end of
the period :

(ii) Fair value hierarchy

All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy, described as
follows, based on the lowest level input that is insignificant to the fair value measurements as a whole.

Level 1 : quoted (unadjusted) prices in active markets for identical assets or liabilities.

Level 2 : valuation techniques for which the lowest level inputs that has a significant effect on the fair value measurement are
observable, either directly or indirectly.

Level 3 : valuation techniques for which the lowest level input which has a significant effect on fair value measurement is not based
on observable market data.

The following table provides the fair value measurement hierarchy of the Company's assets and liabilities, other than those whose fair
values are close approximations of their carrying values.

For cash and cash equivalents, trade receivables, other receivables, short term borrowing, trade payables and other current financial
liabilities the management assessed that their fair value is approximate their carrying amounts largely due to the short-term maturities
of these instruments.

The fair values of the Company's long-term interest free security deposits are determined by applying discounted cash flows ('DCF')
method, using discount rate that reflects the market borrowing rate as at the end of the reporting period. They are classified as level 3
fair values in the fair value hierarchy due to the inclusion of unobservable inputs including counterparty credit risk.

37 Other Disclosure as per amendment in Schedule-III dated 24th March, 2021.

a) There are no proceedings has been initiated or pending against the entity under the Benami Transactions (Prohibitions)
Act, 1988.

b) Compliance with approved Scheme(s) of Arrangements

There are none Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to
237 of the Companies Act, 2013.

c) Corporate Social Responsibility Expenditure

The provision of Corporate Social Responsibility under section 135 of the Act is not applicable to the company.

d) Details of Crypto Currency or Virtual Currency

The company has not entered in any transaction relating to Crypto Currency or Virtual Currency during the year.

e) Relationship with Struck off Companies:

The entity has not entered into any transaction with such entities whose name has been stuck off u/s 248 of the Act.

f) Utilization of Borrowings

No borrowings from banks and financial institutions were taken during the year other than OD Limit on Fixed deposits
held as Current Assets.

g) Willful Defaulter

The company has not declared as wilful defaulter.

h) Compliance with number of layers of companies

The company has been complied with the provision relating to layers of companies.

i) Registration of charges or satisfaction with Registrar of Companies:

The company has registered all the charges with Registrar of Companies within the statutory period.

j) Undisclosed income

There is no such income which has not been disclosed in the books of accounts. No such income is surrendered or
disclosed as income during the year in the tax assessments under Income Tax Act, 1961.

38. Leases

ROU are measured at cost comprising the amount of the initial measurement of lease liability, any lease payments made at
or before the commencement date and any initial direct costs less any lease incentives received. Lease liabilities were
recognised based on the present value of the remaining lease payments.

In statement of profit and loss for the current period, the nature of expenses in respect of operating leases has changed from
lease rent in previous periods to depreciation cost for the right-to-use asset and finance cost for interest accrued on lease
liability. In the context of initial application, the Company has exercised the option not to apply the new recognition
requirements to short-term leases and to leases of low-value asset.

45. In the opinion of the Board, all Current Assets, Loans & Advances (Except where indicated
otherwise) collectively have a value on realisation in the ordinary course of business at least
equal to the amount at which they are stated.

46. Balance confirmation certificates from parties, as appearing in the Balance Sheet under the
heads 'Loans & Advances’ on the assets side of the Balance Sheet are subject to
confirmations of balances to the extent received have been reconciled/under reconciliation.

47. Provision regarding Provident fund and Gratuity Act, 1972 are not applicable to the company
during the year under reference.

48. Tax Expense is the aggregate of current year income tax and deferred tax charged to the
Profit and Loss Account for the year.

Current Year Charges

Income Tax provision of Rs. 28,97,700/- (P.Y. 10,84,100/-) has been made.

Deferred Tax Liability/Asset

The Company estimates the deferred tax charge using the applicable rate of taxation
based on the impact of timing differences between financial statements and estimated
taxable income for the current year. The movement of deferred Tax liability is as under:

However, Deferred tax asset has not been recognized in terms of Ind AS 12 issued by
ICAI by adopting the conservative approach in respect of ascertained profitability in the
future years.

49. The company is engaged in the business of non-banking financial activity. Since all the
activities relate to main activity, in the opinion of the management, there is only one business
segment in terms of Ind AS-108 on Operating Segment issued by ICAI.

50. Related Party Disclosures:

In accordance with the Indian Accounting Standards (Ind AS-24) on Related Party Disclosure,
where control exists and where key management personnel are able to exercise significant
influence and, where transactions have taken place during the year, along with description of
relationship as identified, are given below:-

52. Figures for the previous year have been regrouped or recasted wherever necessary.

53. (I) Disclosure required as per circular no. DOR.CRE.REC.No.60/03.10.001/2021-22
dated October 22, 2021 circulated by Reserve Bank of India:

A. Exposure

I. Exposure to Real Estate Sector : The company doesn’t have any exposure to real estate
sector as required by the circular dated October 22, 2021

For Krishan Rakesh & Co For and on behalf of the Board of Directors of

Chartered Accountants BAZEL INTERNATIONAL LIMITED

Firm Registration No.:009088N

K.K. Gupta Pankaj Dawar Pooja Bhardwaj

(Partner) (Mg. Director) (Director)

Membership No: 087891 DIN : 06479649 DIN : 05158206

Preeti Bhatia Manish Kumar Gupta

Place: Delhi (Company Secretary) (CFO)

_{Date : 28-05-2025} (PAN : BPNPP6852E) (PAN : ATPPG5276J)