(xviii) Provisions and contingent liabilities, Contingent assets (AS 29):

A provision is recognized when the Company has a present obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation and in respect of which a reliable estimate can be made of the amount of obligation. Provisions are not discounted to their present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These estimates are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

Provisions of various expenses are recognized in the financial statements since there exists present obligations as a result of event and the expenses are accrued and incurred during the year.

The opening balance of provisions is used during the year against the payments during the year. The closing balances of provisions are the expenses accrued during the year and provided.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably.

K. In the opinion of the Board, the current assets, loans and advances have a value on realisation in the ordinary course of business, at least equal to the aggregate amount as shown in the Balance Sheet.

L. The outstanding balances of sundry debtors and creditors are as per the books of accounts of the Company, which are subject to confirmations and reconciliation, if any.

M. Unhedged Foreign Currency Outstanding as on 31-03-2024 is USD 376958.40 (INR 314.28 lakh).

N. Previous year figures have been regrouped/rearranged wherever found necessary.

O. The company has been converted into public limited company w.e.f. 24.05.2016.

P. Export Sales includes, Merchant Sales if any.

Note 1 to 25 are forming part of Balance Sheet, Profit & Loss & Cash Flow Statement and have been authenticated by the directors.

As per our reports of even date annexed for and on behalf of Board of Directors

For Gupta Jalan & Associates Chartered Accountants FRN No. 003721N

Sd/- Sd/- Sd/-

CA Ram Niwas Jalan SANJAY BANSAL PRITI BANSAL

Partner (MANAGING DIRECTOR) (DIRECTOR)

M.No. 082389 DIN-01467290 DIN-07107908

Place: Delhi Sd/- Sd/-

The 30th day of May, 2024 RAMESH CHANDER DANISH MEHRA

UDIN: 24082389BKEJVG3848 (CHIEF FINANCIAL OFFICER) (COMPANY SECRETARY)

PAN: AVJPC3968M M.No- A69791