2.16 Provisions, Contingent liabilities and Contingent assets:

A provision is recognised if, as a result of a past event, the company has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation. Provisions are determined by
discounting the expected future cash flows (representing the best estimate of the
expenditure required to settle the present obligation at the balance sheet date) at a pre-tax
rate that reflects current market assessments of the time value of money and the risks specific
to the liability. The unwinding of the discount is recognised as finance cost.

Litigations: Provision in respect of loss contingencies relating to claims, litigation, assessment,
fines, penalties, etc. are recognised when it is probable that a liability has been incurred and
the amount can be estimated reliably.

When the Company expects some or all of a provision to be reimbursed, the reimbursement is
recognised as a separate asset, but only when the reimbursement is virtually certain.

The expense relating to a provision is presented in the statement of profit and loss, net of any
reimbursement. If the effect of the time value of money is material, provisions are discounted
using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability.
The unwinding of discount is recognised in the statement of profit and loss as a finance cost.

Provisions are reviewed at the end of each reporting period and adjusted to reflect the current
best estimate. If it is no longer probable that an outflow of resources would be required to
settle the obligation, the provision is reversed.

Contingent liabilities are disclosed when there is a possible obligation arising from past
events, the existence of which will be confirmed only by the occurrence or non occurrence of
one or more uncertain future events not wholly with in the control of the Company or a present
obligation that arises from past events where it is either not probable that an outflow of
resources will be required to settle or a reliable estimate of the amount cannot be made.

Contingent assets are neither recognised nor disclosed. However, when realisation of income
is virtually certain, related asset is recognised.

Provision, contingent liabilities and contingent assets are reviewed at each balance sheet
date and adjusted where necessary to reflect the current best estimate of obligation or asset.

2.17 Earnings Per Share (EPS)

Basic EPS is calculated by dividing the profit/loss for the year attributable to equity
shareholders of the Company by the weighted average number of equity shares outstanding
during the year. Diluted EPS is calculated by dividing the profit attributable to equity
shareholders of the Company by the weighted average number of equity shares outstanding
during the year plus the weighted average number of equity shares that would be issued on
conversion of all the dilutive potential equity shares into equity shares.

2.18 Operating segment:

The Board of Directors have been identified as the Chief Operating Decision Maker (CODM) as
defined by IND-AS 108, Operating Segment. CODM evaluates the performance of the
Company and allocated resources based on the analysis of various performance indicators of
the Company. The operation of the company falls under single operating segment which
comprises of Staffing & Allied Services i.e. Staffing, Temporary Recruitment.

2.19 Cash Flow Statement

The cashflow statement has been prepared under indirect method as set out in Indian
Accounting Standard-7, whereby profit for the period is adjusted for the effect of transaction
of the non-cash nature, any deferrals or accruals of past or future operating cash
receipts/payment and items of of income/expense associated with Investing or financing cash
flow. The cash flows from operating, financing and investing activities are segregated.

During the implementation of Ind AS, deemed cost was considered as the net carrying value of
customer contracts.

Impairment of goodwill

The Company's intangible assets comprise goodwill generated on multiple acquisition of
Business Operation from the financial year 2022-23 to financial year 2024-25. The Company
monitors goodwill for internal management purposes and this goodwill is tested for
impairment annually. On the basis of evaluation of recoverable amount of goodwill based on
value in use estimated using present value of projected future cash flows, no impairment is
envisaged for the year ended March 31, 2025 and the aggregate carrying amount of goodwill
remain as ' 79,552.38 (March 2024: ' 39,730.38).

Budgeted cash flow has been based on expectation of future outcomes taking into account
past experience, adjusted for anticipated revenue growth. The key assumptions in used in the
estimation of value in use are set our below -

b) Terms and rights attached to equity shares

The company has only one class of equity shares having par value of ' 10 per share. Each
holder of equity shares is entitled to one vote per share. The dividend, if any, proposed by the

Board of Directors will be subject to the approval of the shareholders in the ensuing Annual
General Meeting. In the event of liquidation of the company, the holders of equity shares will
be entitled to receive remaining assets of the company, after distribution of all preferential
amounts. The distribution will be in proportion to the number of equity shares held by the
shareholders.

Nature and purpose of reserves
Securities premium

Securities premium represents the amount received in excess of par value of securities. The
reserve is utilised in accordance with the provisions of the Companies Act, 2013.

Share based payment reserve

Share based payment reserve represents the cumulative expense recognised for equity-
settled transactions at each reporting date until the employee share options are exercised /
expired upon which such amount is transferred to General reserve.

Retained earning

Retained earnings represent the amount of accumulated earnings of the Company which
includes remeasurements of the defined benefit liabilities / asset.

Other comprehensive income

Other comprehensive income includes remeasurement of defined benefit assets/liabilities of
the Company.

ii. Terms and Conditions of Borrowings From Bank:

a. Cash Credit and Bill Discounting from SBI Bank is secured by following:

- Corporate Guarantee of JK Traders Limited.

- Pledge of 75,000 Equity shares of J K Cements Limited, held by promoter shareholder
cum director

- Hypothecation charge on all existing and future current assets including receivables of
the company.

The cash credit and inland bill discounting limits carries interest rate of REPO 0.25 %
per annum.

b. Cash Credit and Bill Discounting from ICICI Bank is secured by following:

- Corporate Guarantee of JK Traders Limited.

- Pledge of 40,000 Equity shares of J K Cements Limited, held by promoter shareholder
cum director

- Exclusive charge on all existing and future current assets including receivables and
movable fixed assets of the company.

The cash credit and inland bill discounting limits carries interest rate of REPO 2.75 %
per annum.

c. Overdraft facility from State Bank of India is secured by lien created on fixed deposit held
with bank.

The overdrafts facility carries interest rate of 1% over the rate applicable to fixed
deposits held for security.

d. Unsecured borrowing from JK Technosoft Limited of Rs Nil (March 31, 2024: Nil, April 01,
2023: Rs 22,000.00) was repayable on demand or by March 31, 2024 (whichever is
earlier); Interest rate 10.00% p.a. The amount is repaid in full by March 31, 2024.

Unsecured borrowing from Translink Consulting Private Limited of Rs Nil (March 31,
2024 : Nil, April 01, 2023: Rs 6,000.00) was repayable on demand or by March 31, 2024
(whichever is earlier); Interest rate 10.00% p.a The amount is repaid in full as at March 31,
2024.

a) The Company's exposure to currency and liquidity risk related to the above financial
liabilities is disclosed in Note 33 (refer page no. 133).

b) Out of the employee benefit payable, due to related parties is ' Nil (March 31, 2024: ' Nil,
as at April 1,2023: ' 3674.99). Refer note 27 (refer page no. 130).

c) Out of accrued interest but not due on borrowings, due to related parties is ' Nil (March
31,2024: ' 3172.06, as at April 1, 2023: ' Nil). Refer note No. 27 (refer page no. 130).

24. Employee benefits

The Company contributes to the following post-employment defined benefit plans in India:

a) Defined contribution plan

The Company makes contribution towards Employees Provident Fund, Employee's State
Insurance scheme and Employee Welfare Fund. Under the rules of these schemes, the
Company is required to contribute a specified percentage of payroll costs. The contributions
are made to registered funds administered by the Government. The obligation of the Company
is limited to the amount contributed and it has no further contractual nor any constructive
obligation. The Company during the year recognised the following amount in the Statement of
profit and loss account under Company's contribution to defined contribution plan:

b) Defined benefit plan

In accordance with Ind AS 19 "Employee benefits", an actuarial valuation on the basis of
"Projected Unit Credit Method" was carried out, through which the Company is able to
determine the present value of obligations. "Projected Unit Credit Method" recognizes each
period of service as giving rise to additional unit of employees benefit entitlement and
measures each unit separately to built up the final obligation.

i) Gratuity scheme - Unfunded

The gratuity plan is governed by the Payment of Gratuity Act, 1972. Under the act,
employee who has completed five years of service is entitled to specific benefit. The
level of benefits provided depends on the member's length of service and salary at
retirement age. The company's define benefit plan is unfunded. The present value of
obligation is determined based on actuarial valuation using the projected unit credit
method, which recognizes each period of services as giving rise to additional unit of
employees benefit entitlement and measures each unit separately to built up the final
obligation.

These plans typically expose the company to actuarial risks such as: Investment risk, interest
rate risk, longevity risk and salary risk.

Interest risk (discount rate risk)

A decrease in the bond interest rate will increase the plan liability.

Mortality risk

The present value of the defined benefit plan liability is calculated by reference to the best

estimate of the mortality of plan participants. The mortality table used for the purpose is Indian
Assured Lives Mortality (2012-14) (March 31,2024: (2012-14)) ultimate table published by the
Institute of Actuaries of India. A change in mortality rate will have a bearing on the plan's
liability.

Salary risk

The present value of the defined benefit plan liability is calculated by reference to the future
salaries of plan participants. As such, an increase in the salary of the plan participants will
increase the plan's liability. The estimate of future salary increases considered, takes into
account the inflation, seniority, promotion, increments and other relevant factors.

c) The following tables summarize the components of net benefit expense recognised in the
Statement of profit and loss and amounts recognised in the balance sheet for the defined
benefit plan.

C. Sensitivities due to mortality & withdrawals are not material & hence impact of change
due to these not calculated. Further, there are no changes in current year from the
previous corresponding period in the methods and assumptions used in preparing the
sensitivity analysis.

j) Maturity profile of defined benefit obligation (value on undiscounted basis) for financial year

2024-25 is (1) Upto 1 year- ' 119.02; (2) 2 to 5 years - ' 1,044.25 and (3) More than 5 years - '
3,240.52.

c) Leases: Cash Flows

Included in cash flows from operating activities is ' Nil (March 31, 2024: ' Nil) and Included in
cash flows from financing activities ' 1912.65 (March 31, 2024: ' Nil).Cash flows from
operating activities include cash flows from short-term lease and leases of low-value assets.
Cash flows from financing activities include the payment of interest and the principal portion
of lease liabilities.

d) Leases committed and not yet commenced: There are no leases committed which have not
yet commenced as on reporting date.

e) The company has not booked any impairment charges for Right of Use of Assets for the year
ended as at March 31, 2025.

Notes

a) All Related Party Transactions entered during the year were in ordinary course of the
business and on arm's length basis.

b) Mr. Abhishek Singhania has given personal guarantee towards long term borrowing of
the company along with pledge of individual shares/mutual funds held in personal
capacity.

c) Gratuity and Leave Encashment are not shown separately in managerial remuneration as
disclosed above, the same are included in provision for the company as a whole.

30. Segment Information

1. In line with the provision of Ind AS 108- Operating Segments and on the basis of review of
operations being done by the board of directors of the Company (which has been
identified as the Chief Operating Decision Maker (CODM) who evaluates the Company's

performance, allocates resources based on the analysis of the various performance
indicator of the Company as a single unit), the operations of the Company falls under the
only reportable segment of rendering of consulting services including service related to
hiring, recruitment and deputation of technical and other personnel (including labor-
skilled, semi-skilled or unskilled) for deployment in India and outside India into various
fields of technologies.

2. Major Customer: Revenue from 3 Customers (March 31, 2024, 4 Customers) of the
Company's Professional Services & Consulting Services are '2,97,386.60 (March 31,
2024: '2,37,823.88) which is more than 10% of the Company's total revenue. No other
single customer contributed 10% or more to the Company's revenue for both March 31,
2025 and March 31, 2024.

31. Fair value measurements

I Financial instruments

a) Financial instruments by category

All the financial assets and liabilities viz. trade receivables, security deposits, cash and cash
equivalents, other bank balances, interest receivable, other receivables, trade payables,
employee related liabilities and advances, are measured at amortised cost.

b) Fair value hierarchy

This section explains the judgments and estimates made in determining the fair values of the
financial instruments that are (a) recognised and measured at fair value and (b) measured at
amortised cost and for which fair values are disclosed in the financial statements. To provide
an indication about the reliability of the inputs used in determining fair value, the Company has
classified its financial instruments into the three levels prescribed under the accounting
standard. An explanation of each level follows underneath the table.The following table shows
the carrying amounts and fair values of financial assets and financials liabilities, including their
levels of in the fair value hierarchy:

c) The Company has an established control framework with respect to the measurement of fair
values. The finance and accounts team under the supervision of CFO that has overall
responsibility for overseeing all significant fair value measurements and reports directly to the
board of directors. The team regularly reviews significant unobservable inputs and valuation
adjustments. If third party information, such as broker quotes or pricing services, is used to
measure fair values, then the team assesses the evidence obtained from the third parties to
support the conclusion that these valuations meet the requirements of Ind AS, including the
level in the fair value hierarchy in which the valuations should be classified. Significant
valuation issues are reported to the Company's board of directors.

d) Fair values are categorised into different levels in a fair value hierarchy based on the inputs
used in the valuation techniques as follows.

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or
liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices)

Level 3: inputs for the asset or liability that are not based on observable market data
(unobservable inputs).

There have been no transfers in either direction for the years ended March 31, 2025, March 31,
2024 & April 1, 2023.

The carrying amounts of short-term trade and other receivables, trade payables, cash and
cash equivalents and other bank balances are considered to be the same as their fair values,
due to their short-term nature.

32. Capital Management

Equity share capital and other equity are considered for the purpose of Company's capital
management. The Company manages its capital so as to safeguard its ability to continue as a
going concern and to optimise returns to shareholders and benefits for other stakeholders.

The Company's policy is to maintain a strong capital structure so as to maintain confidence of
investors, bankers, customers and vendors and to sustain future development of the
business. During the year ended March 31, 2025 the Company has completed its Initial Public
Offer ('IPO') of 22,08,000 equity shares of face value of ' 10 each at an issue price of ' 100 per
share (including a share premium of ' 90 per share). The issue comprised of a fresh issue of
22,08,000 equity shares aggregating to ' 2,20,800.00.

The management monitors the return on capital and also monitors capital using a a gearing
ratio, which is net debt divided by total capital plus net debt. Net debt comprises of total lease
liability less cash and cash equivalents.Equity includes equity share capital and reserves that
are managed as capital. The gearing ratio at the end of reporting periods is as follows:

33. Financial Risk Management objectives and policies

The company's principal financial liabilities comprise borrowings, trade and other payables,
employees related payables, interest accrued, and others. The main purpose of these
financial liabilities is to finance the company's operations. The company's principal financial
assets includes security deposits, trade receivables, cash and cash equivalents, deposits with
banks, interest accrued in deposits.

The company has exposure to the following risks arising from financial instruments:

- Credit risk

- Liquidity risk

- Market risk"

The Company's senior management oversees the management of these risks. The senior
professionals working to manage the financial risks and the appropriate financial risk
governance framework for the Company are accountable to the Board of Directors. This
process provides assurance to Company's senior management that the Company's financial
risk-taking activities are governed by appropriate policies and procedures and that financial
risk are identified, measured and managed in accordance with Company policies.

A. Credit Risk

Credit risk is the risk that counterparty will default on its contractual obligations resulting in
finance loss to the company. Credit risk arise from Cash and cash equivalents, deposit with
banks, trade receivables and other financial assets measure at amortised cost. The company
continuously monitors defaults of customers and other counterparties and incorporate this
information into its credit risk control.

(i) Trade Receivables

With respect to trade receivables/unbilled revenue, the Company has framed the policies to
review the receivables on periodic basis and to take necessary mitigations, wherever
required. The Company follows 'simplified approach' for recognition of provision for ECL on
trade receivables. The application of simplified approach does not require the Company to
track changes in credit risk. Rather, it recognizes provision for ECL based on lifetime ECLs at
each reporting date, right from its initial recognition. The ageing analysis of trade receivables
as on reporting date is as follows:

(ii) Other Financial Assets

Credit risk from balances with the banks and financial institutions and current investments are
managed by the Company's treasury team based on the Company's policy. Investment of
surplus fund is made only with approved counterparties. Counterparty credit limits are
reviewed by the Company periodically and the limits are set to minimise the concentration of
risks and therefore mitigate financial loss through counterparty's potential failure to make
payments.

B. Liquidity risk

Liquidity ris k is the risk that the Company may not be able to meet its present and future cash
and collateral obligations without incurring unacceptable losses. The Company's objective is
to, maintain optimum levels of liquidity to meet its cash and collateral requirements. The
Company closely monitors its liquidity position and deploys a robust cash management
system.

C. Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will
fluctuate because of changes in market prices. Market risk comprises two types of risk:
interest rate risk and foreign currency risk.Financial instruments affected by market risks
include trade receivable, unbilled revenue, trade payable and borrowings.

i) Foreign Currency risk

Foreign currency risks is the risk that the fair value or future cash flows of an exposure
will fluctuate because of changes in foreign currency rates. The Company does not have
significant foreign currency exposure and hence is not exposed to any significant foreign
currency risks.

ii) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in market interest rates. The Company is exposed to
interest rate risk on short-term and long-term floating rate instruments. The exposure of
company's borrowing to interest rate changes are as follows:

a) Inventory Turnover Ratio and Ratio of Return on Investment have not been disclosed
above since the Company do not hold any inventory and inventory as at reporting date.

b) No remarks have been given where the percentage change in the ratio analysis (YOY)
basis is less than 25%.

35. Audit Trail

The Company is maintaining its books of account in electronic mode and the back-up of books
of account has been kept on a daily basis from the applicability date of the Companies
(Accounts) Rules, 2014, as amended i.e. August 05, 2022 onwards. The Company has used an
accounting software for maintaining its books of account for the financial year ended March
31, 2025 which has a feature of recording audit trail (edit log) facility and the same has
operated throughout the year for all relevant transactions recorded in the software. Further,
there is no known instance of audit trail feature being tempered with in respect of the
accounting software used by the Company.

36. Employee Share-based payment
A. Share options plan (equity settled)

The shareholders of the Company have approved the Diensten Tech Limited Employee Stock
Option Plan 2024 ("ESOP Plan 2024") at the extraordinary general meeting held on December
27, 2024 to grant a maximum of 578,245 (Five Lakhs Seventy Eight Thousand Two Hunderd
and Forty Five) Employee Stock Options to the eligible employees as defined in the ESOP Plan
2024. The purpose of the ESOP Plan 2024 is to align employee interest with that of
shareholders in such a manner that the employee would be motivated to take decisions in the
interst of the shareholders, to provide wealth creation opportunities for the employees, to
retain the best performing and critical talent. The options issued under the plan has a term of 4
years as provided in the stock grant agreement and vest based on the terms of individual
grants. When exercisable, each option is convertible into one equity share. The exercise price
of option is Rs. 90. The options granted under ESOP scheme carry no rights to dividends and
no voting rights till the date of exercise.

Employee stock options granted under Plan shall vest not less than 1 (one) year and not more
than 5 (five) years from the date of Grant of an option.

The fair value of the share option is estimated at the grant date using Black-Scholes model,
taking into account the terms and conditions upon which the options were granted.

There are no cash settlement alternatives. The Company accounts for the options as an equity
based plan.

The Company has recognised an expense of ' 88.17 (March 31, 2024: Nil ) arising from equity
settled share based payment transactions for employee services received during the year.
The carrying amount of Employee stock options outstanding reserve as at March 31, 2025 is '
88.17 (March 31, 2024: Nil ).

Pursuant to Business Transfer Agreement ("BTA") dated July 10, 2024, entered into between
the Company (transferee) and M/s Skandha IT Services Private Limited (transferor), the
transferor shall transfer its subsiting clients by novating the existing service contracts with
such clients, in the name of the transferee. The purchase consideration was determined at '
29,100.00 towards transfer of business, based on the valuation carried by the Registered
Valuer, whereby the intangible assets in the nature of Customer Contracts and Employees are
transferred to the Company. Based on independent assessment of purchase price allocation

carried out by another registered value, the purchase consideration of ' 29,100.00 was
segregated among various intangible assets recognised in Note 3(b) as Customer Contracts
(' 16,431.00); Non-Compete Fees (' 1,515.00) & Goodwill (' 11,154.00). Other expenses like
legal and consulting expenses, interest on borrowings recognised in Statement of Profit &
Loss as per Para 53 of the Ind AS 103.

Also, pursuant to another BTA dated October 28, 2024, entered into between the Company
(transferee) and M/s Klaus IT Solutions Private Limited (transferor), the transferor shall
transfer its subsiting clients by novating the existing service contracts with such clients, in the
name of the Transferee. The purchase consideration was determined at '66,700.00 towards
transfer of business, based on the valuation carried by the Registered Valuer, whereby the
intangible assets in the nature of Customer Contracts and Employees alongwith Know-How
are transferred to the company. Based on independent assessment of purchase price
allocation carried out by another registered value, the purchase consideration of ' 66,700.00
was segregated among various intangible assets recognised in Note 3(b) as Customer
Contracts (' 33,991.00); Non-Compete Fees (' 4,041.00) & Goodwill (' 28,668.00). Other
expenses like legal and consulting expenses, interest on borrowings recognised in Statement
of Profit & Loss as per Para 53 of the Ind AS 103.

38. First-time adoption of Ind AS

These financial statements, for the year ended March 31, 2025, are the first Ind AS financial
statement. For periods up to and including the year ended March 31, 2023, the Company
prepared its financial statements in accordance with the accounting standards notified under

Section 133 of the Companies Act, 2013 read together with the Companies (Accounting
Standards) Rules 2021 and presentation requirements of Division I of Schedule III to the
Companies Act, 2013 ('Previous GAAP' / 'Indian GAAP').Accordingly, the Company has
prepared financial statements which comply with Ind AS applicable for periods ending on
March 31,2025 together with the comparative period data as at and for the year ended March
31, 2024, as described in the summary of material accounting policies information. In
preparing these financial statements, the Company's opening balance sheet was prepared as
at April 01, 2023, the Company's date of transition to Ind AS. This note explains the principal
adjustments made by the Company in restating its Indian GAAP financial statements, including
the balance sheet as at April 01, 2023 and the financial statements as at and for the year ended
March 31, 2024.

Exemptions applied

The company has prepared the opening balance sheet as per Ind AS as of April 01, 2023 (the
transition date) by recognising all assets and liabilities whose recognition is required by Ind AS,
not recognising items of assets and liabilities which are not permitted by Ind AS, by
reclassifying items from previous GAAP to Ind AS as required under Ind AS and applying Ind AS
in measurement of recognised assets and liabilities. However, this principle is subject to
certain exception and certain optional exemption availed by the company. The company has
applied the following exemptions apart from mandatory exceptions in Ind AS 101:

i) Optional exemptions

a) Business Combination

Ind AS 101 provides the option to apply Ind AS 103 prospectively from the transition date
or from a specific date prior to the transition date. This provides relief from full
retrospective application that would require restatement of all business combinations
prior to the transition date.

b) Property, plant and equipment and intangible assets

Ind AS 101 permits a first-time adopter to elect to continue with the carrying value for all
of its property, plant and equipment as recognised in the financial statements as at the
date of transition to Ind AS, measured as per the Indian GAAP and use that as its deemed
cost as at the date of transition after making necessary adjustments for
decommissioning liabilities. This exemption can also be used for intangible assets
covered by Ind AS 38 Intangible Assets.

Accordingly, the company has elected to measure all of its property, plant and
equipment and intangible assets at their Indian GAAP carrying value, as their deemed
cost.

c) Leases

As per Indian Accounting Standard (Ind AS) 101 First-time Adoption of Ind AS, provides
exceptions to the retrospective application of Ind AS 116 lease. Accordingly a first time
adopter may assess the classification of each element as finance or an operating lease
at the date of transition to I nd ASs on the basis of the facts and circumstances existing as
at that date. If there is any lease newly classified as finance lease then the first time
adopter may recognise assets and liability at fair value on that date; and any difference
between those fair values is recognised in retained earnings.

Ind AS 116 requires an entity to assess whether a contract or arrangement contains a
lease. In accordance with Ind AS 116, this assessment should be carried out at the
inception of the contract or arrangement. However, the Company has used Ind AS 101
exemption where a first time adopter may assess whether a contract existing at the date
of transition to Ind AS's contains leases by applying paragraph 9-11 of Ind AS 116 to those
contracts on the basis of facts and circumstances existing at that date.

Practical expedients applied:

In applying Ind AS 116 for the first time, the Company has used the following practical
expedients permitted by the standard:(a) elected not to apply the requirements of
recognising lease liabilities and right to use assets for which the lease term ends within
12 months of the date of transition to Ind AS.(b) elected not to apply the requirements of
recognising lease liabilities and right to use assets for which the underlying asset is of
low value.

ii) Mandatory exceptions

a. Estimate

The estimates at April 1, 2023 and at March 31, 2024 are consistent with those made for
the same dates in accordance with Indian GAAP (after adjustments to reflect any
differences in accounting policies) apart from the following items where application of
Indian GAAP did not require estimation:

- Fair valuation of financial instruments.

- Determination of the discounted value for financial instruments carried at amortised
cost.

- Impairment of financial assets based on expected credit loss model

The estimates used by the Company to present these amounts in accordance with Ind
AS reflect conditions at April 1, 2023, the date of transition to Ind AS and as of March 31,
2024.

b. De-recognition of financial assets and liabilities

The Company has elected to apply the de-recognition provisions of Ind AS 109, Financial
Instruments, prospectively from the date of transition to Ind AS.

c. Classification and measurement of financial assets

Ind AS 101 requires an entity to assess classification of financial assets on the basis of
facts and circumstances existing as on the date of transition. Further, the standard
permits measurement of financial assets accounted at amortised cost based on facts
and circumstances existing at the date of transition if retrospective application is
impracticable. Accordingly, the company has determined the classification of financial
assets based on facts and circumstances that exist on the date of transition.
Measurement of financial assets accounted at amortised cost has been done
retrospectively except where the same is impracticable.

- Business Transfer Agreement with JK Technosoft Limited for acquiring Business
Operation for ' 56,700 at fair value on 01 April 2022.

- Business Transfer Agreement with Klaus IT Solution Private Limited for acquiring
Business Operation for ' 118,700 at fair value on 08 January 2024.

However, while transitioning to Ind AS, the same has been accounted as under:

i) Balance of goodwill has been restated as at April 1, 2023 as under as per Ind AS:-
Assembled workforce of ' 11,845.07 has been derecognised and corresponding increase
in Goodwill.

- Opening accumulated amortisation of ' 683.70 has been reversed as goodwill is not
amortised under Ind AS.- Professional Fees amounting to ' 35.20 previously accounted
under IGAAP in goodwill, transferred now to Statement of Profit & Loss as per Para No. 53
of the Ind AS 103.

ii) Further, amount of goodwill has been restated as at March 31, 2024 as under as per Ind
AS:

- Assembled Workforce ' 16,115.00 has been derecognised and the corresponding
increase in Goodwill.

- Professional Fees and Interest Cost amounting to ' 308.83 previously accounted under
IGAAP in Goodwill, transferred now to Statement of Profit & Loss as per Para No. 53 of
the Ind AS 103.

- Amortisation of ' 501.61 has been reversed as goodwill is not amortised under Ind AS.

b) (i) For Other Intangible as on April 1, 2023- Professional Fees amounting to ' 123.56
previously accounted under IGAAP on account of goodwill and ' 431.54 on
account of Customer Contracts, transferred to Statement Profit & Loss as per Para
No. 53 of the Ind AS 103.- Opening accumulated amortisation of ' 2,393.67 has
been reversed as assembled workforce is not eligible to recognised under Ind AS.-
Amortisation amounting to ' 86.31 has been reversed on account of customer
contracts.

(ii) For Other Intangible as on March 31, 2024- Professional Fees amounting to '
593.40 previously accounted under IGAAP on account of Assembled workforce
and ' 3,468.61 on account of Customer contracts, transferred to Statement of
Profit & Loss as per Para No. 53 of the Ind AS 103.- Amortisation of ' 1,443.80 has
been reversed as assembled workforce is not eligible to recognised under Ind AS.-
Amortisation expenses amounting to ' 117.23 has been reversed on account of
Customer Contracts.

3. Intangible Under development as at March 31, 2024

Under IGAAP, Interest cost amounting to ' 1191.79 and professional services cost
amounting to ' 660.00 has been capitalised. However, these expenses are not eligible
for capitalisation under Ind AS, hence transferred to Statement of Profit & Loss.

4. Deferred tax assets

Under Indian GAAP requires deferred tax accounting using the income statement
approach, which focus on difference between taxable profits and accounting profits for
the period. Ind AS 12 requires entities to account for deferred taxes using the balance
sheet approach, which focus on temporary difference between the carrying amount of
an asset or liability in the balance sheet and tax base.

In addition, various transitional adjustment lead to temporary difference. According to
the accounting policies, the Company has to account for such difference.

As at April 1, 2023, mat credit balance of ' 8,230.96 reclassified from Other Non-current
assets to deferred tax assets and net impact of deferred tax on account of various
transitional adjustment is ' 2688.66.As at March 31, 2024, mat credit balance of '
8269.24 reclassified from Other Non-current assets to deferred tax assets and and net
impact of deferred tax on account of various transitional adjustment is ' 257.33.

5. Financial Assets- Trade Receivables

As per Ind AS 109 at each reporting date, an entity shall measure the loss allowance for a
financial instrument at an amount equal to the lifetime expected credit losses if the credit
risk on that financial instrument increases since initial recognition. Accordingly, company
has accounted provision for expected credit loss on trade receivables amounting to '
1,345.74 as on April 1, 2023 and ' 448.79 as on March 31, 2024. Due to the reversal of
expected credit loss, change in other income amounting to ' 896.95 for the year ended
March 31, 2024.

6. Other Non-current financial assets

Under Ind AS, security deposits amounting to ' 55.00 and ' 84.00 for the year March 31,
2024 and April 1, 2023 respectively and fixed deposits with banks having original
maturity of more than twelve months amounting to ' 54.02 and ' 78.43 (included
accrued interest) for the year March 31, 2024 and April 1, 2023 respectively are
classified under financial assets. It was classified under Other Non-current assets and
Cash & Cash Equivalent as prescribed under Previous GAAP.

7. Other non-current assets

As on April 1, 2023, balance of mat credit amounting to ' 8,230.96 classified under other
non-current deferred tax assets and as on March 31, 2024, mat credit amounting to '
8,269.25 classified under other non-current deferred tax assets.

8. Other current financial assets

Under IGAAP, current portion of Interest accrued on bank deposits and security deposits
have been classified under other current assets, which have now been reclassed to
other current financial assets. Other receivables which were also grouped under loans
have been reclassed to other current financial assets.

9. Other financial liabilities

Under Indian GAAP, interest accrued but not due on borrowing have been classified
under other current liabilities which under Ind AS have been reclassed other financial
liability. There are no transaction costs incurred towards origination of borrowings that
are required to be deducted from carrying amount of borrowings using effective interest
rate method. Also, capital creditors, employee related payables, payable for acquisition
of business and other payables were reclassed to current financial liabilities.

10. Employee benefit expense & Other Comprehensive Income

Both under Previous GAAP and Ind AS, the company recognised costs related to its post¬
employment defined benefit plan on an actuarial basis. Under Previous GAAP, the entire
cost, including actuarial gains and losses, are charged to statement of Profit and Loss.
Under Ind AS, re-measurements (comprising of actuarial gains and losses, the effect of
the asset ceiling, excluding amounts included in net interest on the net defined benefit
liability and the return on plan assets excluding amounts included in net interest on the
net defined benefit liability) are recognised immediately in the books with a
corresponding debit or credit to retained earnings through OCI.Under Indian GAAP, the
Company has not presented other comprehensive income (OCI) separately upto April 1,
2023. However w.e.f. April 1, 2023, the company has recognised OCI seperately.

The increase in employee benefits expense for the year ended March 31, 2024 is '
862.34 which has been recognised in Other Comprehensive income gross of tax

11. Finance Cost

Increase in finance cost is on account Ind AS impact on BTA recognitions as per Ind AS
103 amounting to ' 1,896.84 and reversal of intangible under development not eligible
under Ind AS, accounted earlier under IGAAP for amounting to ' 1,191.79. Reclassification
from interest cost to other expense amounting to '1.93. Net impact of above transaction
is ' 3,086.70.

12. Depreciation and amortisation expense

Reduction in depreciation is on account Ind AS impact of reversal of Assembled
workforce and previous amortisation of goodwill as per IGAAP as explained in note 2
above.

13. Otherexpenses

Change in other expenses is due to professional fees in BTA and intangible under
development of ' 3,134 on account of impact of BTA agreement and reclassification of
interest cost on to other expenses of '1.93. Net impact of stated adjustments is
increased by ' 3,135.94.

39. Initial Public Offer (IPO)

For the year ended March 31, 2025 the Company has completed its Initial Public Offer ('IPO') of
22,08,000 equity shares of face value of 10 each at an issue price of ' 100 per share (including

a share premium of ' 90 per share). The issue comprised of a fresh issue of 22,08,000 equity
shares aggregating to ' 2,20,800.00. The equity shares of the Company were listed on the
National Stock Exchange of India Limited (NSE) Emerge Platform on July 3, 2024.

Consequent to allotment of fresh issue, the paid-up equity share capital of the Company
stands increased from ' 60,526.46 consisting of 60,52,646 equity shares of '10 each to '
82,606.46 consisting of 82,60,646 equity Shares of ' 10 each.

The utilisation of IPO proceeds from fresh issue (net of IPO related expense) is summarised
below:
* Net unutilised proceeds as on March 31, 2025 have been temporarily invested in deposits
with scheduled banks

** Interest received on the fixed deposit upto the reporting date is netted with utilisation under
working capital.

40. The Company is registered as Small Enterprises and has obtained MSME registration
certificate from Ministry of Micro, Small & Medium Enterprises, Government of India, which is
effective from February 04, 2021.

41. No funds have been advanced or loaned or invested (either from borrowed funds or share
premium or any other sources or kind of funds) by the Company to or in any other person or
entity, including foreign entity ("Intermediaries") with the understanding, whether recorded in

writing or otherwise, that the Intermediary shall lend or invest in party identified by or on
behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from
any party (Funding Party) with the understanding that the Company shall whether, directly or
indirectly lend or invest in other persons or entity identified by or on behalf of the Company
("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.

42. Disclosure of transactions with struck off companies

The company did not have any transactions with companies struck off under Section 248 of
the Companies Act, 2013 or section 560 of Companies Act, 1956 during the financial years.

43. A) No transactions to report against the following disclosure requirements as notified by

MCA pursuant to amended Schedule III:

(a) Crypto Currency or Virtual Currency

(b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988
and rules made thereunder

(c) Registration of charges or satisfaction with Registrar of Companies except
creation of charge on ROC, on fixed deposits against the overdraft facility availed
from Bank.

(d) Relating to borrowed funds: i) Wilful defaulterii) Utilisation of borrowed funds &
share premiumiii) Borrowings obtained on the basis of security of current assetsiv)
Discrepancy in utilisation of borrowings

44. No other material events have occurred between the balance sheet date to the date of issue of
these financial statements that could affect the values stated in the financial statements.

45. Figures have been rounded of to the nearest thousands upto two decimal palaces except
otherwise stated

The Accompanying notes form an integral part of the financial statements

As per our report of even date

For S.R. Dinodia & Co. LLP. For and on behalf of Board of Directors of

Chartered Accountants Diensten Tech Limited

Firm's Registration Number: 001478N/N500005

Sd/- Sd/- Sd/-

(Sandeep Dinodia) Vipul Prakash Sanjay Kumar Jain

Partner Managing Director Director

Membership Number 083689 DIN:01334649 DIN:01014176

Sd/- Sd/- Sd/-

Place: Delhi Siva Prasad Nanduri Anish Mahajan Sonia Vaid

Date: May 12, 2025 Chief Executive Officer Chief Financial Officer Company Secretary