c) Provisions Contingent liabilities and contingent assets: -

A provision is recognized if, as a result of a past event, the Company has a present legal obligation
that can be estimated reliably, and it is probable that an outflow of economic benefits will be
required to settle the obligation. Provisions are determined by the best estimate of the outflow of
economic benefits required to settle the obligation at the reporting date. Where no reliable
estimate can be made, a disclosure is made as Contingent Liability.

A disclosure for a Contingent Liability is also made when there is a possible obligation or a present
obligation that may, but probably will not, require an outflow of resources. Where there is a
possible obligation or a present obligation in respect of which the likelihood of outflow of resources
is remote, no provision or disclosure is made.

Possible obligation that arises from the 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 is reported as Contingent Liability. In the rare
cases, when a liability cannot be measures reliable, it is classified as Contingent Liability. The
Company does not recognize a Contingent Liability but disclosed its existence in the standalone
financial statements.

d) Event after Reporting Date: -

Where events occurring after the Balance Sheet date provide evidence of condition that existed at
the end of reporting period, the impact of such events is adjusted within the standalone financial
statements. Otherwise, events after the Balance Sheet date of material size or nature are only
disclosed.

All the events occurring after the Balance Sheet date up to the date of the approval of the restated
financial statement of the Company by the board of directors, have been considered, disclosed and
adjusted, wherever applicable, as per the requirement of Accounting Standards.

1. The previous year’s figures have been reworked, regrouped, and reclassified wherever necessary.
Amounts and other disclosures for the preceding year are included as an integral part of the
current annual financial statements and are to be read in relation to the amounts and other
disclosures relating to the current financial year.

2. Since the company has taken Unsecured loan from the directors or other unsecured loan of
company but for that company does not have agreement in writing.

3. The Company has not revalued its Property, Plant and Equipment for the restated period.

4. There has been no Capital work in progress for the rested period under consideration.

5. There have been no Intangible assets under development for the rested period under
consideration.

6. Credit and Debit balances of unsecured loans, Trade Payables, sundry Debtors, loans and
Advances are subject to confirmation and therefore the effect of the same on profit could not
be ascertained.

7. The Company does not have any charges or satisfaction which is yet to be registered with ROC
or beyond the statutory period.

8. 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.

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

10. No proceeding has been initiated or pending against the Company for holding any Benami
property under the Benami Transactions (Prohibition) Act, 1988, as amended, and rules made
thereunder.

11. The company has not been declared as willful defaulter by any bank or financial institution or
government or government authority.

12. The company does not have transaction with the struck off under section 248 of Companies act,
2013 or section 560 of Companies act 1956.

13. The company is in compliance with the number of layers prescribed under clause (87) of section
2 of company’s act read with companies (restriction on number of layers) Rules, 2017.

14. Related party disclosure: -

The disclosers of transaction with related parties are define in the related parties as defined in the
accounting standards are given blow:

As per AS18 issued by the charted accountants of India, the discloser of transaction with related
parties as defined in the related party parties as defined in the accounting standards are given
below:

15. Corporate Social Responsibility (CSR)

The section 135 (Corporate social responsibility) of companies acts, 2013 is not applicable to the
company.

39. Notes forming part of accounts in relation to Micro and small enterprise:

Based on information available with the company, on the status of the suppliers being Micro or
small enterprises, on which the auditors have relied, the disclosure requirements of Schedule III to
the Companies Act.2013 with regard to the payments made/due to Micro and small Enterprises are
given below:

The company has initiated the process of obtaining the confirmation from suppliers who have
registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006
(MSMED Act, 2006) but has not received the same in totality. The above information is compiled
based on the extent of responses received by the company from its suppliers.

40. Title deeds of immovable Property

Tittle deeds of immovable property has not been held in the name of promoter, director, or relative
of promoter/ director or employee of promoters/director of the company.

40. Loans or Advances in the nature of loans to promoters, directors, KMPs and the related
parties: -

No Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the
related parties (as defined under Companies Act, 2013,) either severally or jointly with any other
person.