The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below:

a. Income taxes

The Company's tax jurisdiction is India. Significant judgements are involved in estimating budgeted profits for the purpose of paying advance tax, determining the provision for income taxes, including amount expected to be paid/recovered for uncertain tax positions

b. Defined benefit obligation

The costs of providing post-employment benefits are charged to the Statement of Profit and Loss in accordance with Ind AS 19 'Employee benefits' over the period during which benefit is derived from the employees' services. The costs are assessed on the basis of assumptions selected by the management. These assumptions include salary escalation rate, discount rates, expected rate of return on assets and mortality rates.

c. Fair value measurement of Financial Instruments

When the fair values of financials assets and financial liabilities recorded in the Balance Sheet cannot be measured based on quoted prices in active markets, their fair value is measured using valuation techniques, including the discounted cash flow model, which involve various judgements and assumptions.

d. Property, Plant and Equipment

Property, Plant and Equipment represent a significant proportion of the asset base of the Company. The charge in respect of periodic depreciation is derived after determining an estimate of an asset's expected useful life and the expected residual value at the end of its life. The useful lives and residual values of Company's assets are determined by the management at the time the asset is acquired and reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events, which may impact their life, such as changes in technical or commercial obsolescence arising from changes or improvements in production or from a change in market demand of the product or service output of the asset.

e) Changes in the fair value of plan assets represen ng reconcilia on of the opening and closing balances thereof are as follows:

As the company has no funded plan and hence opening and closing fair value in plan assets and changes thereof is NIL

Dues to Micro and Small Enterprises have been determined to the extent such par es have beeniden fied on the basis of informa on collected by the Management.This has been relied upon by the auditors.

(8) Con ngentLiabili es and commitments

In the opinion ofthe board, con ngentliabili es is NIL.

(9) As per Ind AS - 23 "Borrowing Costs", the borrowing cost has been charged to Profit and Loss statement.

None ofthe borrowing costs have been capitalized during the year.

Proposed dividend:

The Board of Directors at its mee ng held on 27th May, 2024 have recommended a payment of final dividend for the year ended 31st March, 2024 and approved in forthcoming AGM.

(13) Previous year's figures have been regrouped wherever necessary to make them comparable with those of the current year.

(14) All the tle deeds of Immovable Proper es held in the name of the Company.

(15) The Company has not granted any loans to promoters, directors, KMPs and the related par es either severally or jointly with any other person in the nature of Loans and Advances during the year.

(16) Company has no ongoing working capital limit from any bank as on 31st March, 2024.