Provisions, Contingent Assets and Contingent liabilities:

T i) Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a
past event, it is probable that an outflow of economic benefits will be required to settle the obligation, and a
reliable estimate can be made of the amount of the obligation.

The amount recognized as a provision is the best estimate of the consideration required to settle the present
obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the
obligation.

Provisions are not discounted to present value and are determined based on best estimate required to settle
the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect
the current best estimates.

ii) Contingent Liabilities

_ 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. The Company does not
recognize a contingent liability but discloses its existence in the standalone financial statements

Share Capital

30 a) Rights, Preferences and restrictions attached to Equity Shares

The company has only one class of equity shares having par value of Rs.10 per share. Each shareholder is eligible for
one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation,
the shareholders are eligible to remaining assets of the company after distribution of all the preferential amount in
proportion to their holding.

31 Borrowings:

a) Working Capital loans:

Working capital facilities of Rs.226.31 Lakhs( 31st March 2024 Rs. Nil) from banks are secured on first pari
passu by way of hypothecation of Book Debts and second pari passu by way of personal guarantee of Director.
Working capital loans are repayable on demand having interest of 9.80%.(previous year 10.25%)

b) Term Loans

Term Loans(Vehicle Loans) Rs.2204.68 Lakhs and Term Loan(Office Premises) Rs.574.21 Lakhs(31st March
_ 2024Vehicle Loan-Rs.2358.28 Lakhs and Office Premises Loan-Rs.228.43 Lakhs) from banks financial

institutions are secured on first pari passu by way of hypothecation of vehicles and Office premises
respectively.

c) The quarterly statements filed by the company for working capital limits are in agreement with the books
of accounts of the company.

Due to Micro and Small Suppliers

32 Under the Micro, Small and Medium Enterprises Development Act, 2006, (MSMED) which came into force
from 2 October 2006, certain disclosures are required to be made relating to Micro, Small and Medium
enterprises. Based on the information available to the Company, amount payable to Micro, Small and Medium
Enterprises have been disclosed under No.17 of notes forming part of financial statements.

ni^rln^iirp Ý-

The company has carried out review and checking of Internal Financial Controls over its operations by an

37 outside agency at the year end.

38 EMPLOYEE BENEFITS :

The company contributes to the following post- employment defined benefit plans in India.

(i) Defined Contribution Plans :

The contributions to the Provident Fund and Family Pension Fund of certain employees are made to a
GovernmentadministeredProvidentFundandtherearenofurtherobligations beyond making such contribution.

The Company recognized Rs.56.72/- Lakhs for year ended 31 March 2025 (Previous year Rs.35.04/ Lakhs-)
provident fund contributions in the Statement of Profit and Loss.

(ii) Defined Benefit Plan

GRATUITY

A. Gratuity

The Company participates in the Employees Gratuity scheme, a funded defined benefit plan for qualifying
employees. Gratuity is payable to all eligible employees on death or on separation / termination in terms of the
provisions of the Payment of Gratuity Act,1972.

The most recent actuarial valuation of plan assets and the present value of the defined benefit obligation for
gratuity were carried out as at March 31, 2024. The present value of the defined benefit obligations and the related
current service cost and past service cost were measured using the Projected Unit Credit Method.

COMPENSATED ABSENCES:

The sensitivity analysis above have been determined based on a method that extrapolates the impact on
defined benefit obligation as a result of reasonable changes in key assumptions occurring at the end of the
reporting period.

The Compensated Absences is payable to all eligible employees for each day of accumulated leave on death or
on resignation. Compensated Absences debited to Statement of Profit and Loss during the year amounts to
Rs.14.61 lakhs (Previous year Rs.13.19 lakhs) and is included in Note 22 - 'Employee benefits expenses'.
Accumulated non- current provision for leave encashment aggregates to 35.15 lakhs (Previous year 25.99
lakhs) and current provision aggregates 5.96 lakhs (Previous year Rs.4.84 lakhs).

39 In accordance with Ind AS 108-opearting segment, the company has evaluated the criteria for
determination of operating segments. The Chief operating officer monitor the performance of the
company as a single business segment, ie., Car rental with Chauffeur.

Further, the operations of the company are within India and hence no geographical segment disclosure is
required.

Financial Risk Management.

The Company's principal financial liabilities comprise loans and borrowings, trade and other payables. The

40 main purpose of these financial liabilities is to finance the Company's operations.

The Company's principal financial assets include trade and other receivables and cash and cash equivalents
that derive directly from operations, security and other deposits. The Company's operations expose it to
credit risk and liquidity risk.

The Company's focus is to reduce volatility in financial statements
1. Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument
fails to meet its contractual obligations and arises principally from the Company's trade and other receivables
and other bank balances.To manage this, the Company periodically assesses financial reliability of customers,
taking into account the financial condition, current economic trends and analysis of the historical bad debts
and ageing accounts receivable. The maximum exposure of credit risk in the case of all the financial
instruments covered below is restricted to their respective carrying amount.

Credit risk in respect of trade and other receivables is managed through credit approvals, establishing credit
limits and monitoring the creditworthiness of customers to which the Company grants credit terms in the
normal course of business.

The company has used expected credit loss (ECL) model for assessing the impairment loss. For the purpose
the company used a provision matrix to compute the expected credit loss amount. The provision matrix taken
into account external and internal risk factors and historical data of credit losses from various customers.

(a) Trade and other receivables from customers

Ageing details of trade and other receivables is shown in Note No.5

(b) Movement in provision of Doubtful Debts

2. Liquidity Risk :

Liquidity risk is the risk that the company will encounter difficulty in meeting its obligations associated with
financial liabilities. The company consistently generates sufficient cash flows from operations and has access to
multiple sources of funding to meet its financial obligations and maintain adequate liquidity for use.

The Company's objective is to maintain a balance between continuity of funding and flexibility through the use of
bank overdrafts, bank loans and by other means.

The table below summarizes the maturity profile of the Company's financial liabilities based on contractual
undiscounted payments

Capital Management

⁴¹ For the purpose of the Company's capital management, capital includes issued equity capital and all other equity
Reserves attributable to the equity holders of the Company. The Company strives to safeguard its ability to
continue as a going concern so that they can maximize returns for the shareholders and benefits for other stake
holders. The aim is to maintain an optimal capital structure and minimize cost of capital.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and
the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may return
capital to shareholders, issue new shares or adjust the dividend payment to shareholders (if permitted).
Consistent with others in the industry, the Company monitors its capital using the gearing ratio which is total debt
divided by total capital plus total debt.

43 Contribution towards Corporate Social Responsibility (CSR)

Section 135 of the Companies Act, 2013 and Rules made thereunder prescribe that every company having a net
worth of Rs. 500 crore or more, or turnover of Rs. 1,000 crore or more or a net profit of Rs. 5 crore or more during
any financial year shall ensure that the company spends, in every financial year, at least 2% of the average net
profits earned during the three immediately preceding financial years, in pursuance of its Corporate Social
Responsibility Policy. The provisions pertaining to corporate social responsibility as prescribed under the
Companies Act, 2013 are applicable to the Company. The financial details as sought by the Companies Act, 2013
are as follows :

45 Other Statutory Information.

i) The company does not have any benami property where any proceedings has been initiated or pending against
the company for holding any benami property.

ii) The company does not have any charges of satisfaction which is yet to be registered with ROC beyond the
statutory period.

iii) The company has not traded or invested in crypto currency or virtual currency during the financial year.

iv) The company has not advanced or loaned or invested funds to any other perons(s) or entity(ies) , including
foreign entities with the understanding that the intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or
on behalf of the company or

(b) provide any guarantee, security or the like or on behalf of the ultimate beneficiaries.

v) The company has not received any fund to any other person(s) or entity(ies) , including foreign
entities(funding party) with the understanding that the company shall

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or
on behalf of the company or

(c) provide any guarantee, security or the like or on behalf of the ultimate beneficiaries.

vi) The company does 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.

vii) The company has not identified any transactions with companies struck off and hence not reported.

The Ministry of Corporate Affairs (MCA) has prescribed a new requirement for companies under the proviso to
Rule 3(1) of the Companies (Accounts) Rules, 2014 inserted by the Companies (Accounts) Amendment Rules 2021
requiring companies, which uses accounting software for maintaining its books of accounts, shall use only such
accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log
of each change made in the books of accounts along with the date when such changes were made and ensuring
that the audit trail cannot be disabled.

The Company has used an accounting software (Tally prime) and billing and Operations software (pine apple tech)
which is operated by a third party software service provider for maintaining its books of account and operating
data.

used for maintenance of all accounting and operating records. However, the audit trail (edit logs) is not enabled at
the database level.

48 Previous year figures have been regrouped/reclassified wherever necessary.

For VANDANA V. DODHIA & CO.

_For and on behalf of the Board Directors

Chartered Accountants
(FRN NO. 117812W)

______________ Chintan Amrish Patel Maneka Vijay Mulchandani

Vandana V.Dodhia Managing Director & CEO Director

Partner_ DIN: 00482043 DIN: 00491027

(M.No. 104000)

udin no. 25104000BMLCXB6396

Place : Mumbai _________________ _______________

Date : 30th May, 2025 Ramachandran.C.G. Sudha Didwania

Chief Financial Officer Company Secretary