x) Provisions and contingencies

Provisions are recognized when the Company has a present obligation as a result of past events, for
which it is probable that an outflow of resources embodying economic benefits will be required to
settle are reviewed regularly and are adjusted where necessary to reflect the current best estimates
of the obligation. Where the Company expects a provision to be reimbursed, the reimbursement is
recognized as a separate Asset, only when such reimbursement is virtually certain. Contingent
Liabilities are disclosed after an evaluation of the facts and legal aspects of the matters involved.
Contingent Assets are neither recognized, nor disclosed. Provisions, Contingent Liabilities and
Contingent Assets are reviewed at each Balance Sheet.

xi) Contingent liabilities

Thereisnocontingentliabilities on the date of balance sheet

xii) Going concern basis

The accounts of the company have been prepared on a “going concern” basis on an assumption &
promises made by the management that adequate finances and opportunities would be available in
the foreseeable future to enable the company to start operating on a profitable basis. In view of the
above, the accounts of the Company have been prepared on a going concern basis. Further, based
on business plans, the management is confident that the Company will make good its accumulated
losses and turn around in the future.

xiii) Cash & Cash Equivalent

Cash comprisescashon hand and demand deposits with banks. Cash equivalents are short-term
highly liquid investments that are readily convertible into known amounts of cash and which are
subject

xiv) Cash Flow statement

The cash flows are reported using the indirect method, whereby profit before tax is adjusted for the
effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating
cash receipts or payments and item of income or expenses associated with investing or financing
cash flows. The cash flows from operating, investing and financing activities of the Company are
segregated as specified in Accounting Standard -3 (AS-3) "Cash Flow Statement"

xv) Preliminary Expeneses

The expenses incurredinrelation to public issue of its shares shall be amortized over the period of 5
years

^xv) The previous year's figures have been reworked, regrouped, rearranged and reclassified wherever
necessary

(v) Investment in E Factor Adventure Tourism Private Limited

E factor Adventure Tourism Private Limited is a subsidiary of E factor Experiences Ltd, The company holds 12,02,860 share of face value of Rs 10 each .
Total value of Investment in the holding company is Rs 1,20,28,600/-. The company holds 61.6% of shares of E factor Adventure Tourism Private Limited.
The investment in the subsidiary is accounted in the books of the company at cost, however the book value of the shares of the subsidiary company is zero.

(vi) Investment in Associate Company

Untammed Hospitality Private Limited is an associate of E factor Experiences Ltd. The company holds 6,95.000 shares ( March 31. 2024 6,95,000) no. of
share of Rs 10 each that turns out to be 46.33% of holding at face value. Total value of Investment comes out to be 69.50.000/-. The investment is
accounted for in the books of the company at cost. However the book value of the share of Associate company is Rs 6.93 per share on 31st March 2025

(vii) Pending litigation

During the Financial Year 2017-18 and 2018-19, the company executed Yachting Festival. Visha Utsav, Araku Festival and Cll Summit for Andhra Pradesh
Tourism Authority (APTA) against work order of Rs 13,32 26,025/-. In addition to work order, the company did some extra work on verbal request of APTA
amounting for Rs 57,81,677/- No Bills have been raised for these additional work in the absence of written communication from APTA. Against these Bills
APTAhas released Rs 3,13,14,600/-. Total outstanding pending payment, against billed and unbilled work is Rs 11,34,41,136/-. Since the release of
payment by APTA was long overdue, the company had filed a writ petition before the Hon'ble High Court of Andhra Pradesh to recover the outstanding
amount.

The High court in the order dated 10.02.2022directed the company: “ to submit an appropriate written representation afresh to the respondents, by way of
Registered Post with Acknowledgment Due .enclosing all the relevant papers, within a period of two (2) weeks from the date of the receipt of a copy of this
order. If any such representation is made by the petitioner within the time stipulated above, the same be verified and appropriate action be taken/orders be
passed by the respondents, as expeditiously as possible, preferably within a period of three (3) months from the date of the receipt of the representation
from the petitioner".

The representation was submitted to APTA Department within due time but again APTA Department did not comply with the directions of Hon'ble High
Court. Hence the company has initiated contempt proceedings against the department. Which is pending before the Hon'ble High Court of Andhra Pradesh.
The company Management reasonably expects that the pending case, when ultimately concluded and determined, will not have material and adverse effect
on the company's results of operations or financial conditions

(xi)

The Company has incurred sum of Rs 2,76.23,260/ as IPO related expenses These expenses shall be amortized over the pehod of 5 years in equal
instalments.

(xii)

The Company has not advanced, loaned or invested any funds (either from borrowed funds or share premium or any other sources or kind of funds) in any
other persons or entities, including foreign entities ('Intermediaries'), with the understanding, whether recorded in writing or otherwise, that the Intermediary
shall, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(xiii)

The Company has not received any funds from any persons or entities including foreign entities (“Funding Parties"), with the understanding, whether
recorded in writing or otherwise, that the Company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

(xiv)

The Company does not have any benami Property, where any proceedings has been initiated or pending against the company for holding any Benami
Property

(xv)

The Company does not have any transaction with Companies Struck off

(xvi)

The Company does not have any transaction which is not recorded in the books of account that has been surrender 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 provision of the Income tax Act 1961
iii) The Company doesn't carry any provisions for Corporate Social Responsibility expenses for the current year and previous year."
hr) The Company does not wish to carry forward any excess amount spent during the year

(xviii)

The company has not been declared wilful defaulter by any bank or financial Institution or other lender,

(xix)

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on
number of Layers) Rules, 2017.

(XX)

The Company has not traded or invested in Crypto Currency or virtual currency during the respective financial years/ Period.

(xxi)

Figures have been rounded off to the nearest of lacs

(xxii)

Previous year figures have been re grouped or re-arranged wherever considered necessary

FOR ELLAHI GOEL & CO.

CHARTERED ACCOUNTANTS

Firm Registration No.: 005147N Jai Kumar Thakore SAMIT GARG

(Director) (Director)

(CA. MANSOOR ELLAHI) Mukesh Agarwal Prachi Sharma

Partner Chief Financial Officer CS

Membership No.: 83750

PLACE: NEW DELHI
DATED: 26th May 2025