h) Provision, Contingent Liabilities and Commitments

(a) Provision involving substantial degree of estimation in measurements is recognized when there is a present obligation as result
of past events and it is probable that there will be an outflow of resources.

(b) Contingent Liabilities are shown by way of notes to the Accounts in respect of obligations where, based on the evidence
available, their existence at the Balance Sheet date is considered not probable.

2.2 Earnings per Share:

Basic earnings per share is calculated by dividing the net profit or loss after tax for the year attributable to equity shareholders by
the weighted average number of equity shares outstanding during the year.

Note: Securities Premium Reserve

This reserve represents the proceeds of securities premium of Rs. 6,08,25,600 received from fresh issue of 9,50,400 Equity Shares as on September 10, 2024
Note: Retained Earnings Reserve

This reserve represents the cumulative profits of the Company and effects of remeasurement of defined benefit obligations. This reserve can be utilised
in accordance with the provisions of the Companies Act, 2013.

Securities premium:

Securities premium is used to record the premium on issue of shares. The reserve can be utilised in accordance with the provisions of the Companies
Act, 2013

General reserve:

General reserve is created by way of transfer from profits for the year.

Retained earnings:

Retained earnings in the statement of profit and loss represents the balanced undistributed profits of the Company As at Balance Sheet date.

25.3) Title deed of immovable property not held in name of the company

The title deeds of all the immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of
the lessee).

25.4) Disclosure on loans/ advance to directors/ related parties:

No such transactions were recorded in the books of accounts of the reporting entity for the previous year.

25.5) Capital work-in progress

No Capital Work-in-Progress is recorded in the company's books of accounts as of the reporting date.

25.6) Intangible assets under development:

No such Intangible assets exist in the companies books of accounts as at the reporting date.

25.7) Details of benami property held:

The company does not have any proceedings that have been initiated or pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made there under.

25.8) Wilful defaulter & end use of funds:

The company is not declared as wilful defaulter by any bank or financial Institution or other lender from whom the borrowings are obtained.

25.9) Details in respect of utilization of borrowed funds and share premium shall be provided in respect of:

The Company is not having any utilization of borrowed funds and share premium.

25.10) Relationship with struck off companies:

The Company does does not have any relationship with struck off companies.

25.11) Registration of charges or satisfaction with registrar of companies:

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the statutory period.

25.12) Compliance with number of layers of companies

The Company does not have any Holding/ Subsidiary Companies

25.13) Compliance with approved Scheme(s) of Arrangements

The Company does not have any compliance with approved scheme(s) of arrangements.

25.14) Undisclosed Income:

There is no undisclosed income in the books of accounts of the Company.

25.15) Corporate social responsiblity:

CSR is not applicable to the company, as neither of companies turnover exceeded 1000 crores nor Networth exceeded 500 crores nor Net profit Exceeded 5
Crores During the Preceding financial year.

25.16) Crypto currency or virtual currency:

The Company does not hold any investments in the form of Crypto or Virtual Currency.

25.17) Audit Trail

In accordance with Rule 3(1) of the Companies (Accounts) Rules, 2014, as amended, companies are required to maintain their books of account using
accounting software that includes an audit trail (edit log) feature, which must remain enabled throughout the financial year.

The Company has maintained its books of account using accounting software that does not currently support the audit trail (edit log) functionality.
Consequently, the requirements relating to audit trail compliance have not been met for the financial year ended 31st March 2025.

The Company is in the process of evaluating suitable accounting software solutions to ensure compliance with the said requirements in the forthcoming
financial years.

25.18 Revenue expenses (e.g. Car Hire Charges, Hotel Booking Exp) are paid through RTGS/NEFT, supporting document in most of the cases are not
available for verification. In absence of details TDS applicability on Car hire charges could not be ascertained.

Balances with respect to Loans and advances, trade receivable and trade payables are subject to confirmation, reconciliation and consequential
adjustments, if any.

Disputed income tax liabilities
AY 2021-22

The Income tax department passed an order under section 143(1) of the Act and created a demand of Rs 1,02,770. Our company has filed an appeal
against the order under section 154 dated on 7th February 2023. The final outstanding demand has been paid by the company.

AY 2022-23

A demand of Rs. 1,67,980 has been raised by the Income Tax Department vide intimation under Section 143(1) of the Income Tax Act, 1961.

25.20 The previous period/year figures have been regrouped and reclassified, wherever necessary to confirm to the current year presentation.

Signature to notes 1-25

As per our report of even date

For Maheshwari & Co. For and on behalf of the Board of Directors Of

Chartered Accountants NatureWings Holidays Limited

FRN: 105834W

Vikas Asawa Sandip Raha Mousumi Raha

(Partner) Managing Director Director

(Membership No. 172133) (DIN: 08309475) (DIN: 08309476)

Prasun Ghosh Annu Jain

(Chief Financial Officer) (Company Secretary)

(PAN:BOBPG3276C) (M. No. A38042 )

Place : Mumbai Place : Kolkata

Date : May 29, 2025 Date : May 29, 2025