Reason for Variance more than 25%

1. Current ratio has been decreased during the year mainly short term borrowing from the bank has been increased.

2. Debt - Equity ratio has been increased during the year mainly company is relying more on bank finance its operations rather than using its own resource.

3. Debt service coverage ration has been reduced due to increase in short term debt during the year.

4. Return on equity ratio has been reduce due to increase short term debt of the company during the year.

17. Utilisation of Borrowed funds and share premium:

(A) The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities ("Intermediaries") with the understanding (whether recorded in writing or otherwise) that the Intermediary shall -

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company ("Ultimate Beneficiaries"); or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

(B) The Company has not received any fund from any person(s) or entity(ies), including foreign entities ("Funding Party") with the understanding (whether recorded in writing or otherwise) that the company shall -

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries); or

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

18. Undisclosed Income:

The Company does not have any transaction 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). Further, there was no previously unrecorded income and no additional assets were required to be recorded in the books of account during the year.

19. Details of Crypto Currency or Virtual Currency:

The Company has neither traded nor invested in Crypto currency or Virtual Currency during the financial year ended March 31, 2025. Further, the Company has also not received any deposits or advances from any person for the purpose of trading or investing in Crypto Currency or Virtual Currency.

20. A company is not declared willful defaulter by any bank or financial institution or other lender.

21. A company does not hold any benami property.

22. Utilisation of Borrowed funds :

(A) The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or

any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities ("Intermediaries") with the understanding (whether recorded in writing or otherwise) that the Intermediary shall -

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever

by or on behalf of the company ("Ultimate Beneficiaries"); or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

(B) The Company has not received any fund from any person(s) or entity(ies), including foreign entities ("Funding Party") with the understanding (whether recorded in writing or otherwise) that the company shall -

(i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries); or

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

25. Other Notes :

i) The management has confirmed that adequate provisions have been made for all the know

and determined liabilities and the same is not in excess of the amounts reasonably require to be provided for.

ii) The balances of trade payables, trade receivables, loans and advances are unsecured .

considered as good are subject to confirmations of respective parties concerned.

iii) The Company do not have any transactions with companies struck off.

26. The figures of previous year have been re-arranged and regrouped wherever necessary to make them comparable with those of the current year.