12 Provisions, Contingent Liabilities and Contingent Assets:- (AS-29)

Provisions are recognized only when there is a present obligation as a result of past events and when a reliable
estimate of the amount of the obligation can be made.

Contingent Liabilities is disclosed in Notes to the account for:-

(i) Possible obligations which will be confirmed only by future events not wholly within the control of the company or

Present Obligations arising from past events where it is not probable that an outflow of resources will be required

(ii) to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

Contingent assets are not recognized in the financial statement since this may result in the recognition of the
income that may never be realized.

13 General

Except wherever stated, accounting policies are consistent with the generally accepted accounting principles and
have been consistently applied.

B Notes on Financial Statements

The Company has reclassified rental income earned during the current financial year under “Revenue from

1 Operations”, which was previously presented under “Other Operating Income” in the financial statements for the

year ended March 31,2024. This reclassification has been made to align with the nature of income and industry
practice. The change in presentation does not have any impact on the reported profit for the year.

2 The information regarding classification of creditors as micro and small enterprise is not available with company,
hence information as required by schedule III of the Companies Act 2013 is not given.

3 Salaries includes director's remuneration on account of salary Rs NIL. /- (Previous Year Rs. NIL -)

4 Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their book

5 Loans and Advances are considered good in respect of which company does not hold any security other than the

6 No provision for retirement benefits has been made, in view of accounting policy the impact of the same on Profit
& Loss is not determined.

7 Advance to others includes advances to concerns in which directors are interested:

(A) Related Parties and their Relationship

(I) Key Management Personnel

1 Mr. Ajay Savai

2 Mr. Dhaval Savai

3 Ms. Trishna Savai

(II) Relative of Key Management Personnel

1 Ms. Sonal Savai

2 Ms. Nishi Savai

(III) Enterprises owned or significantly influenced by Key Management personnel or their relatives

1 Rajyog Realtors

2 Rajyog Enterprise

3 Rajyog Construction

4 Victory Realtors

5 Ssavai Smart Abodes LLP

6 MRI Construction Projects LLP

7 Mumbai Reinvented Pvt. Ltd.

8 Aster Distributors Pvt. Ltd.

9 Ghatkopar Reinvented LLP
10 INKA Vaishnavi LLP

The Share of Profit & Interest for the FY 2024-25 from the firms in which the company is partner is not accounted
for as the Books of accounts of the firms are not finalized & the effects on the financial statements have not been
determined.

The share of Firm Tax for the previous FY of the firms in which the company is partner amounting to Rs. 1.61
(Rs.in Lakh) is accounted in this financial year as firms books of accounts were finalized only after the company's
previous financial year accounts were finalized.

11 Expenditure in Foreign Currency in Nil.

12 Earning in Foreign Currency id Nil.

13 Previous year figures have been regrouped/rearranged wherever necessary.

In terms of Our Separate Audit Report of even date attached.

MLR AND ASSOCIATES LLP For S & T Corporation Ltd.

Chartered Accountant
(FRN: 138605W)

Ajay Savai Trishna Savai
Managing Director Director & CFO

Manish Ranka DIN: 01791689 DIN: 07003728

Partner

M. No.: 132723
Place: Mumbai

Date: 17/05/2025 Shailesh Paranjape

UDIN- 25132723BMJ KQO5070 Company Secretary

M No.: ACS67181

Place: Mumbai
Date: 17/05/2025