Note:

(i) Reasons have been explained for variance in which % of change is more than 25% as compared to previous year.

(i) Inventory Turnover Ratio and Return on Investment Ratio are not applicable to the

company in view of nature of transactions during the year.

26) SANCTIONED WORKING CAPITAL LIMITS

The Company has been sanctioned working capital limits in excess of ' 5 crores in aggregate from Bank during the Year on the basis of security of current assets of the Company. The quarterly returns/statements filed by the Company with such Bank are not in agreement with the books of account of the company and the details are as follows:

27) EMPLOYEE BENEFITS

The Company has classified the various benefit provided to employees as under:

A. Post Employment Benefit Plans:Defined contribution plan

The Company makes contribution towards provident fund to a defined contribution retirement benefit plan for qualifying employees. The provident fund plan is operated by the Regional Provident Fund Commissioner and the Company is required to contribute a specified percentage of payroll cost to the retirement benefit schemes to fund the benefits. The other contributions made by Company under Defined Contributions Plan are towards Labour welfare fund.

Defined benefit plan

Defined benefit plan of the Company is unfunded. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method. Under this method each participant's benefits under the plan are attributed to years of service, taking into consideration future salary increases and the plan's benefit allocation formula. The Company provides for gratuity (a defined benefit plan) to its employees. The Plan provides for a lump sum payment to eligible employees at retirement, an amount based on the respective employee's fifteen days of last drawn salary and years of employment with the Company in line with the Payment of Gratuity Act, 1972. The same is payable at the time of separation from

The company provides for accumulated compensated absences as at Balance Sheet date taking into account the pattern of availment of leave while in services and the qualifying salary on the date of separation. The salary considered for calculating leave encashment includes Basic salary. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method. Under this method each participant's benefits under the plan are attributed to years of service, taking into consideration future salary increases and the plan's benefit allocation formula.

28) In the opinion of the Board, the current assets, loans and advances are approximate of the value stated if realized in the ordinary course of business. The provision for all the known liabilities are adequate and not in excess of the amount reasonably necessary.

30) 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.

32) SEGMENT INFORMATION

The Company is engaged in the business of Information & Consulting Services and Corporate Training Services. However, Organisational and management structure of the company and its internal financial reporting system normally does not identify the predominant source of risks and returns of the company for the purpose of its segment reporting.

Basis above, the management has concluded that no separate segment disclosures are required as per Accounting standard 17 'Segment Reporting'.

33) LEASESOperating lease: Company as lessee

The company has taken premises on operating lease from various parties. These lease arrangements range for a period between 1 year and 3 years, which include both cancellable and non-cancellable leases.

a) Pursuant of a Business Transfer Agreement ("BTA") dated April 30, 2022, entered into between the company (Transferee) and M/s J K Technosoft Limited (Transferor), the transferor has sold its Personnel, Staffing & Training (PS&T) division to the company with effective date of 01.04.2022. The purchase consideration was determined at ' 56,700.00 Thousands towards transfer of business, based on the valuation carried by the Registered Valuer, whereby the intangible assets in the nature of Customer Contracts (having more than 3 years of relationship with transferor) and Employees alongwith Know-How (assembled workforce) in the PS&T business are transferred to the company. Based on independent assessment of purchase price allocation carried out by another registered value, the purchase consideration of ' 56,700.00 Thousands was segregated among various intangible assets recognised in Note 10(B) as Customer Contracts (' 41471.62 Thousands); Assembled Workforce (' 11845.07 Thousands) & Goodwill (' 3383.31 Thousands).

In addition to the above consideration, all the tangible assets in P&ST division of the transferor company are transferred to the transferee company based on their written down value as on March 31, 2022, for ' 597.62 Thousands, as recognised in Note 10(A) (Property, Plant and Equipment ).

Further as per the terms of BTA, all the existing customers of P&ST division of the transferor company are to be transferred to the transferee company, by way of execution of fresh contract or assignment/ novation of the existing contract, along with transfer of corresponding employees engaged with customers, with continuity of services, in a phased manner based on transfer of customer contract to the transferee. The retirement dues of the transferred employees are computed on the effective date (i.e. April 01,2022), and deductible from the consideration to be paid for the transfer of business. The net payable balance to the transferor, as per terms and conditions of BTA (further amended by third addendum to BTA dated August 31, 2023), is presented in Note 6 (Other Current Liabilities) as "Payable as per Business Transfer Agreement".

b) Pursuant to Business Transfer Agreement ("BTA") dated September 29, 2023, 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 ' 118,700.00 thousands towards transfer of business, based on the valuation carried by the Registered Valuer, whereby the intangible assets in the nature of Customer Contracts (having more than 3 years of relationship with transferor) and Employees alongwith Know-How (assembled workforce) are transferred to the company. Based on independent

assessment of purchase price allocation carried out by another registered value, the purchase consideration of ' 118,700.00 thousands was segregated among various intangible assets recognised in Note 10(B) as Customer Contracts (' 94,198.00 thousands); Assembled Workforce (' 16,115.00 thousands) & Goodwill (' 8,387.00 thousands). Other expenses like legal and consulting expenses, interest on borrowings recognised in Intangibles (on proportionate basis) aggregates to ' 4,370.84 thousands.

35) Pursuant of a Business Transfer Agreement ("BTA") entered into by the company (Transferee) with M/s Klaus IT Solutions Private Limited (on Februrary 07, 2024) and with Skandha IT Services Private Limited (on September 22, 2023) (collectively known as Transferors), the transferors have agreed to transfer their respective business undertakings, comprising of their specific clients to the company. The aggregate purchase consideration was determined at ' 98,700 thousands towards transfer of business, subject to successful novation of the underlying client contracts in the favour of the company. As per the terms of BTA, all the specified clients of the transferor companies are to be transferred to the transferee company, by way of execution of novation of the existing contract, along with transfer of corresponding employees engaged with customers, in a phased manner. A total sum of '40,200 thousands has been paid as advance by the company to the transferor companies, as disclosed in Note No. 12, pending settlement of final consideration amount, based on the actual novation of the underlying client contracts.

36) 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.

37) 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.

38) 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 pending with Registrar of Companies.

(d) The Company has not been declared wilful defaulter by any bank or financial Institution or other lender.

(e) The Company has no 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 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

39) 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.

40) Previous year figures have been regrouped and recasted wherever necessary to conform to the current year's classification.

41) Notes 1 to 41 form an integral part of the Financial Statements.