23. Provisions and contingent liabilities
Provisions:

A Provision is recorded when the Company has a present obligation (legal or constructive)as a result of past
events, it is probable that an outflow of resources will be required to settle the obligation and the amount can
be reasonably estimated.

Contingent liabilities:

Whenever there is possible obligation that arises from past events and whose existence will be confirmed only
by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of
the entity or a present obligation that arises from past events but is not recognised because (a) it is not probable
that an outflow of resources embodying economic benefits will be required to settle the obligation; or (b) the
amount of the obligation cannot be measured with sufficient reliability are considered as contingent liability.

Show cause notices are not considered as Contingent Liabilities unless converted into demand.

Contingent Assets:

Contingent assets are not recognised in the standalone financial statements since this may result in recognition
of income that may never be realized. However, when the realization of income is virtually certain, then the
related assets is not a contingent assets and is recognised.

24. Investment in Associates

The investments in associates are carried in these standalone financial statements at historical cost except when
the investment, or a portion thereof, is classified as held for sale, in which case it is accounted for as Non¬
current assets held for sale and discontinued operations.

When the Company is committed to a sale plan involving disposal of an investment, or a portion of an
investment in an associate the investment or the portion of the investment that will be disposed of is classified
as held for sale when the criteria described above are met.

Any retained portion of an investment in an associate that has not been classified as held for sale continues to
be accounted for at historical cost. Upon loss of significant influence over the associate the Company measures
and recognises any retained investment at its fair value. Any difference between the carrying amount of the
associate and the fair value of retained investment and proceeds from disposal is recognised in Standalone
Statement of Profit and Loss.

25. Cash Dividend to Equity Holders of the Company

The Company recognises a liability to make cash distributions to equity holders of the Company when the
distribution is authorised and the distribution is no longer at the discretion of the Company. As per the
corporate laws in India, a distribution is authorised when it is approved by the shareholders. A corresponding
amount is recognised directly in equity.

26. Earnings per share

Basic earnings per share are 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 considered
for the effects of all dilutive potential equity shares.

Term loan consist of:

(1) Kotak Mahindra Prime Ltd having fixed interest @ 7.35% p.a. secured by hypothecation of motor car purchased
under the loan. Repayment is to be made in 60 equated monthly instalments (EMI) of ? 35.77/- Thousand each till
March, 2027 of which principal sum therein totaling to ? 412.58/- Thousand payable over balance 24 EMI's are long
term maturities.

(2) Kotak Mahindra Prime Ltd having fixed interest @ 9.36% p.a. secured by hypothecation of motor car purchased
under the loan. Repayment is to be made in 60 equated monthly instalments (EMI) of ? 20.77/- Thousand each till
August, 2029 of which principal sum therein totaling to ? 726.38/- Thousand payable over balance 41 EMI's are long
term maturities.

i) Gratuity:

Retirement benefits in the form of gratuity liability (being administered by Life Insurance Corporation of India) is a defined benefit obligation
and is provided for on the basis of an actuarial valuation made at the end of each financial year.

The present value of obligation is determined based on actuarial valuation using the projected unit credit method as prescribed by the Ind AS-19 -
'Employee Benefits', which recognises each period of service as giving rise to additional unit of employee benefit entitlement and measure each
unit separately to build up final obligation.

ii) Compensated absences/leave encashment:

The company also extends defined plans in the form of compensated absences/leave encashment to employees. Provisions for compensated
absences is made on actuarial valuation basis.

The company is exposed to various risks as regards its obligation towards gratuity benefit and leave salary which are as follows:

(i) interest rate risk, (ii) liquidity risk, (iii) salary escalation risk, (iv) regulatory risk, (v) market risk and (vi) investment risk

Note - 36

Financial instruments : Fair values measurement
Accounting classification and fair value hierarchy

Carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy, are presented below. It does not include the fair value
information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.

The company uses the following hierarchy for determining and disclosing the fair value of financial instruments:

Level 1: inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date;

Level 2: inputs other than quoted prices included within level 1, that are observable for the asset or liability, either directly or indirectly; and

Level 3: If one or more significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity instruments and certain
debt instruments which are valued using assumptions from market participants.

Set out below, is a comparison by category of the carrying amounts and fair value of the company's financial instruments.

Key inputs:

- Listed equity investments (other than subsidiaries, joint ventures and associates): quoted bid price on stock exchange (Level 1)

- Mutual funds: based on net asset value of the scheme (Level 2)

- The management assessed that fair value of cash and bank balances, trade receivables, loans, trade payables, borrowings , other financial assets and liabilities approximate their
carrying amounts largely due to the short-term maturities of these instruments.

- During the reporting period ending 31st March, 2025 and 31st March, 2024, there was no transfer between Level 1 and Level 2 fair value measurement.

Note - 37

Financial instruments : financial risk management

The Company's activities exposes it to various risk such as market risk, liquidity risk and credit risks. This section explains the risks
which the Company is exposed to and how it manages the risks.

The board of directors ('board') oversee the management of these risks through its audit committee The company's risk management
policy has been formulated by the audit committee and approved by the board. The policy articulates on the company's approach to
address uncertainties in its endeavor to achieve its stated and implicit objectives. It also prescribes the roles and responsibilities of the
company's management, the structure for managing risks and the framework for risk management. The framework seeks to identify,
assess and mitigate risks in order to minimize potential adverse effects on the company's financial performance.

The board of directors reviews and agrees on policies for managing each of these risks, which are summarized below. This note explainthe
sources of risk which the entity is exposed to and how the entity manages the risk.

1 Credit risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its contractual
obligations, and arises principally from the company's receivable from customers and loans and advances.

The carrying amount of following financial assets represents the maximum credit exposure:

(i) Trade receivables

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer in which it operates. Credit
risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of customers to
which the company grants credit terms in the normal course of business.

The Company has established a credit policy under which each customer is analysed individually for creditworthiness before the
company's standard payment terms and conditions are offered.

All the trade receivables are realised well with in due dates. Accordingly, management is in the opinion that requirement of provision is
not required.

(ii) Financial assets other than trade receivables

Credit risk from balances with banks and financial institutions is managed by the CFO in accordance with it's policy. Surplus funds are
parked only within approved investment categories. Investment category is periodically reviewed by the company's board of directors.

The company held cash and cash equivalents of ^ 7051.88 Thousand as on 31st March, 2025 (Previous year ^ 3970.38 Thousand). The cash
and cash equivalent's are held with bank counterparties with good credit ratings.

2 Liquidity risk

Liquidity risk is the risk that the company will encounter difficulty in meeting the obligations associated with its financial liabilities thatre
settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to ensure, as far as possiblefhat it
will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring
unacceptable losses or risking damages to the company's reputation.

Maturity profile of financial liabilities

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and
undiscounted, and include estimated interest payments and exclude the impact of netting agreements.

3 Market risk

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices - will affect the
company's income or the value of its holdings of financial instruments. Market risk is attributable to all market risk sensitive financial
instruments including foreign currency receivables and payables and long term debt. Management exposed to market risk primarily
related to the market value of investments and interest rate risk. Thus, our exposure to market risk is function of investing and borrowing
activities only.

4 Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes
in fair values of fixed interest bearing investments because of fluctuations in interest rates. Cash flow interest rate risk is the risk that the
future cash flows of floating interest bearing investments will fluctuate because of fluctuations in interest rates.

Exposure to interest rate risk

Company is not having interest rate risk arises from borrowings, as company is having borrowings with fixed interest rate. The interest
rate profile the company's interest bearing financial instruments as reported to the management of the company.

Additional Information Details :

1 Event after reporting period:

No adjusting or significant non-adjusting event have occurred between the 31st March, 2025 reporting date and the date of
authorization.

2 Standards notified but not yet effective

There are no new standards that are notified, but not yet effective, upto the date of issuance of the Company's financial
statements.

3 The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for
holding any Benami property.

4 The Company do not have any transactions with companies struck off.

5 The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

6 The Company have not any such transaction which is 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.

7 The figures of previous year have been regrouped and rearranged wherever necessary.

For Parekh Sharma & Associates For and on behalf of the Board of Directors

Chartered Accountants
Firm's Regn. No. 129301W

Sd/- Sd/- Sd/-

Sujesh Sharma Gautam P. Khandelwal Virat Mehta

Partner Chairman Director

M.No. :118944 (DIN: 00270717) (DIN: 07910116)

Sd/- Sd/-

Roshan Dsouza Neha Rane

Chief Financial Officer Company Secretary

(ICSI No. A59050)

Place: Mumbai Place: Mumbai

Date: 30th May,2025 Date: 30th May,2025