1.14 Provisions, Contingent Liabilities and Contingent Assets

i. Provisions are recognized only when:

• The Company has a present obligation (legal or constructive) as a result of a past
event; and it is probable that an outflow of resources embodying economic
benefits will be required to settle the obligation; and a reliable estimate can be
made of the amount of the obligation.

• Provision is measured using the cash flows estimated to settle the present
obligation and when the effect of time value of money is material, the carrying
amount of the provision is the present value of those cash flows.

ii. Contingent liability is disclosed in case of:

• A present obligation arising from past events, when it is not probable that an
outflow of resources will be required to settle the obligation; and a present
obligation arising from past events, when no reliable estimate is possible.

iii. Contingent Assets:

• Contingent assets are disclosed where an inflow of economic benefits is
probable.

1.15 Offsetting of Assets and Liabilities

The financial assets and financial liabilities are offset and presented on net basis in the
Balance Sheet when there is a current legally enforceable right to set-off the recognized
amounts and it is intended to either settle on net basis or to realize the asset and settle
the liability simultaneously.

1.16 Cash and Cash Equivalents

Cash and cash equivalents comprise of cash in hand, demand deposits and short-term
highly liquid investments that are readily convertible into known amount of cash and
which are subject to an insignificant risk of changes in value.

1.17 Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit after tax is adjusted
for the effects of transactions of a non-cash nature, any deferrals, or accruals of past or
future operating cash receipts or payments and item of income or expenses associated
with investing or financing cash flows. The cash flows are segregated into operating,
investing, and financing activities.

1.18 Foreign Currency Transactions

• The Standalone Financial Statements are presented in Indian Rupees (‘INR’), which
is also the Company’s functional currency. All amounts have been rounded off to
the lakhs. Transactions in foreign currencies are recorded at the exchange rate
prevailing on the date of transaction.

• Monetary assets and liabilities denominated in foreign currencies are translated at
the functional currency closing rates of exchange at the reporting date. Exchange
differences arising on settlement or translation of monetary items are recognized in
Statement of Profit and Loss except to the extent of exchange differences which are
regarded as an adjustment to interest costs on foreign currency borrowings that are
directly attributable to the acquisition or construction of qualifying assets which are
capitalized as cost of assets.

1.19 Events Occurring After the Balance Sheet Date

There were no material or significant events that occurred after the date of the balance
sheet and before the date of approval of the financial statements by the board of
directors. This assessment provides assurance to stakeholders that the financial position
presented in the statements is reflective of the company's situation during that period,
without any significant changes or events that would materially affect their
understanding of the financial health of the organization.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND CHANGES

The Standalone Financial Statements have been prepared using the significant
accounting policies and measurement basis summarized above. These were used
throughout all periods presented in the Standalone Financial Statements.

Note 26: Employee Benefits

In accordance with the Accounting Standard - 15 on “Employee Benefits”, the Company has classified the various employee
benefits as under:

(a) Short-term Employee Benefits

All short-term employee benefits such as salaries, wages, bonus, leave travel allowance, etc., are recognized at the
undiscounted amount in the year in which the related services are rendered by employees.

(b) Defined Contribution Plans

The Company contributes to defined contribution plans such as Provident Fund, Employee State Insurance in accordance with the
statutory requirements. These contributions are charged to the Statement of Profit and Loss as incurred.

Contribution to Provident Fund: Rs. 22,81,349
Contribution to ESI: Rs. 2,45,870

(c) Defined Benefit Plans

The Company is liable to pay gratuity to its employees in accordance with the Payment of Gratuity Act, 1972. However, the Company
has not made provision towards gratuity liability for the current year as well as for earlier years, as the management intends to recognize
the liability on cash basis at the time of actual payment. Consequently, the impact of non-provisioning on the financial statements is
presently unascertained.

(d) Other Long-term Benefits

The Company does not have any scheme for other long-term employee benefits such as pension, post-retirement medical benefits
or long-service awards.

Note 27: Provisions and Contingent Liabilities

As per Accounting Standard - 29 “Provisions, Contingent Liabilities and Contingent Assets”, the Company has reviewed all pending matters
and confirms that there are no contingent liabilities or contingent assets requiring disclosure as at the Balance Sheet date.

Note 28: Segment Reporting

The Company is a Small and Medium Sized Company (SMC) as defined under the Companies (Accounting Standards) Rules, 2021. Accordingly,
in terms of paragraph 4 of AS-17 "Segment Reporting", the Company is exempt from the requirements of detailed segment reporting.

The company is exclusively engaged in General construction (including alteration, addition, repair and maintenance) of 4G & 5G Networks Towers,
carried out on own-account basis or on a fee or contract basis, which is considered as a single business segment as per AS-17.

Note 31: Other additional regulatory information

(a) During the year, no Loan/Guarantee given by the Company pursuant to Section 185 of the Companies Act, 2013

(b) During the year, no proceedings have been initiated or pending against the Company for holding any benami proprty under the Benami

Transactions (Prohibition) Act, 1988 and rules made therunder.

(c) During the year, the Company was not declared wilful defaulter by any bank or financial institution or other lender.

(d) During the year, there was not any transaction by the Company with companies struck off under Section 248 of the Companies Act, 2013.

(e) During the Financial year, there was no any instance of registeration and satisfaction of charges with the Registrar of Companies within
the statutory period.

(f) During the year, the Company has not advances or loaned or invested funds to any person or entity with the understanding that the
intermediary shall directly or indirectly lend or invest on or behalf of the Company.

(g) During the year, the Company has not received any funds from any person or entity with the understanding that the Company shall directlty
or indirectly lend or invest on or behalf of the funding party.

(h) During the year, there was not any undisclosed and/or unrecorded income

(i) During the year, the Company has not traded or invested in Crypto curreny or virtual currency.

(j) The provisions of Corporate Social Responsibility were not applicable on the company during the year.

For and on behalf of the Board of Directors of
SAR TELEVENTURE LIMITED

Rahul Sahdev Pankaj Kumar Nagpal

Managing Director Whole Time Director

DIN: 00175840 DIN:08469672

Vikas Tandon Vandana Kaushik

Chief Financial Officer Company Secretary