l) Provisions and Contingent Liabilities

A provision is recognized when the Company has a Present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. 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. Contingent liabilities, if any are disclosed in the Notes.

m) Earnings Per Share

Basic earnings per share are computed by dividing the net profit after tax by the weighted average number of equity shares outstanding during the period. Diluted earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares considered for deriving basic earnings per share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The diluted potential equity shares are adjusted for the proceeds receivable had the shares been actually issued at fair value which is the average market value of the outstanding shares. Dilutive potential equity shares are deemed converted as of the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented.

17.3 Information on Share Capital:

All equity shares of the company belong to the same class, carrying equal rights and voting powers. There are no preferences attached to any shares.

a) Reconciliation of number of shares outstanding at the beginning of the year and at the end of the year is as follows:

d) No shares are reserved for issue under options and contracts/commitments for the sale of shares / disinvestment.

e) There are no shares that were issued / allotted pursuant to contract without payment being received in cash or by way of bonus shares, and there are no shares bought back till the end of reporting period.

f) There are no shares with calls unpaid / forfeited shares.

17.4 Details relating to Micro. Small and Medium Enterprises, in accordance with the Micro. Small and Medium Enterprises Development Act, 2006 (MSMED Act):

17.13 Expenditure in foreign currency: None

17.14 Particulars of dividends remitted in foreign currencies to non-resident shareholders: None

17.15 Earnings in foreign exchange: None

17.16 Segment reporting:

As the Company's business activities falls within a single primary business segment and a geographical segment, the disclosure requirements of Accounting Standard 17 “Segment Reporting” specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 are not applicable.

17.18 Going Concern

There are no conditions indicating the existence of material uncertainty that may cast a significant doubt about the Company’s ability to continue as a going concern. As such, the Company will continue as a going concern and will be able to discharge its liabilities and realise the carrying amount of its assets as at March 31, 2024.

As per our attached report of even date.

For Phillipos & Co., For and on behalf of the Board of Directors

Chartered Accountants

Firm Registration Number: 002650S

SD/- SD/- SD/-

[CA Joe James] [Liam Norman Timms] [Pradosh Dhanraj]

Partner Director Director

Membership Number: 251076 DIN: 06453032 DIN: 08424421

UDIN: 24251076BKFABO1921

SD/- SD/-

[Geenon Lopes] [Rajiv Kumar Sharma]

Chief Financial Officer Company Secretary

Date: 21st May,2024 Place: Bengaluru