xiv Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are measured at
the best estimate of the expenditure required to settle the present obligation at the Balance Sheet date. If the effect of the time value of money is material, provisions
are discounted to reflect its present value using a current pre-tax rate that reflects the current market assessments of the time value of money and the risks specific to
the obligation. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

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 within 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 the obligation or a reliable estimate of the amount cannot be made.

Contingent assets are neither recognized nor disclosed except when realisation of income is virtually certain, related asset is disclosed. When the Company expects
some or all of a provision to be reimbursed, reimbursement is recognized 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.

xv Financial instruments

Classification as financial liability or equity

Debt and equity instruments issued by the Company are classified as either financial liabilities or as equity in accordance with the substance of the contractual
arrangements and the definitions of a financial liability and an equity instrument

Equity instruments

An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the
Company are recognised at the proceeds received, net of direct issue costs.

Financial assets and financial liabilities- Initial recognition.

Financial instruments comprise of financial assets and financial liabilities. Financial assets primarily comprise of investments, loans, deposits, trade receivables and cash
and bank balances. Financial liabilities primarily comprise of borrowings, trade and other payables and financial guarantee contracts.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition of financial assets/ issue of
financial liabilities are added to the fair value of the financial assets/ subtracted from fair value of financial liabilities on initial recognition, except for financial asset/
liability is subsequently measured at fair value through profit or loss.

Subsequent measurement

Financial assets and financial liabilities at amortised cost

After initial recognition all financial assets (other than investment in equity instruments and derivative instruments) are subsequently measured at amortised cost using
the effective interest method. All financial liabilities (other than derivative liabilities), subsequently after initial recognition, are measured at amortised cost using
effective interest method. The Company has not designated any financial asset or financial liability as fair value through profit or loss ("FVTPL").

Financial assets and financial liabilities at FVTPL

All derivative assets and derivative liabilities are always measured at FVTPL with fair value changes is being recognised in statement of profit and loss.

Investment in equity instruments either at FVTPL or FVTOCI

Investment in equity instruments are measured at FVTPL with fair value changes is being recognised in statement of profit and loss. However, on initial recognition, the
Company can make an irrevocable election (on an instrument-by-instrument basis) to present the subsequent changes in fair value in other comprehensive income
pertaining to investments in equity instruments. This election is not permitted if the equity investment is held for trading. These elected investments are initially
measured at fair value plus transaction costs. Subsequently, they are measured at fair value with gains and losses arising from changes in fair value recognised in other
comprehensive income and accumulated in the 'Reserve for equity instruments through other comprehensive income'. The cumulative gain or loss is not reclassified to
profit or loss on disposal of the investments.

Financial guarantee obligation

A financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor
fails to make payments when due in accordance with the terms of a debt instrument.

After initial recognition of financial guarantee obligation at fair value, the Company subsequently measured it at the higher of:

• Amount of loss determined in accordance with impairment requirement under Ind AS 109 (see policy on impairment of financial asset); and

• The amount initially recognised less, when appropriate, the cumulative income recognised.

Impairment of financial asset

The Company applies the expected credit loss model for recognising impairment loss on financial assets measured at amortised cost, trade receivables and other
contractual rights to receive cash or other financial asset, and financial guarantees not designated as at FVTPL.

Expected credit losses are the weighted average of credit losses with the respective risks of default occurring as the weights. Credit loss is the difference between all
contractual cash flows that are due to the Company in accordance with the contract and all the cash flows that the Company expects to receive (i.e. all cash shortfalls),
discounted at the original effective interest rate.

The Company measures the loss allowance for a financial instrument at an amount equal to the lifetime expected credit losses if the credit risk on that financial asset
has increased significantly since initial recognition. If the credit risk on a financial asset has not increased significantly since initial recognition, the Company measures
the loss allowance for that financial instrument at an amount equal to 12-month expected credit losses.

For trade receivables, the Company measures the loss allowance at an amount equal to lifetime expected credit losses.

De-recognition of financial asset

The Company derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially
all the risks and rewards of ownership of the asset to another party.

xvi Operating segment

The management views the Company's operation as a single segment engaged in E-Commerce activity relating to Printing Business . Hence there is no separate
reportable segment under Ind AS 108 'Operating segment'.

xvii Key sources of estimation uncertainty and critical accounting judgements

In the course of applying the accounting policies, the Company is required to make judgements, estimates and assumptions about the carrying amount of assets and
liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is
revised if the revision affects only that period, or in the period of the revision and future period, if the revision affects current and future periods.

Key sources of estimation uncertainty
Useful lives of property, plant and equipment

Management reviews the useful lives of property, plant and equipment at least once a year. Such lives are dependent upon an assessment of both the technical lives of
the assets and also their likely economic lives based on various internal and external factors including relative efficiency and operating costs. Accordingly, depreciable
lives are reviewed annually using the best information available to the Management.

Impairment of property, plant and equipment, investment in subsidiaries, joint ventures and associates

Determining whether the assets are impaired requires an estimate in the value in use of cash generating units. It requires to estimate the future cash flows expected to
arise from the cash generating units and a suitable discount rate in order to calculate present value. When the actual cash flows are less than expected, a material
impairment loss may arise.

Provisions, liabilities and contingencies

The timing of recognition of provision requires application of judgement to existing facts and circumstances which may be subject to change
Fair value measurements

Some of the Company's assets and liabilities are measured at fair value for financial reporting purposes. In estimating the fair value of an asset or a liability, the
Company uses market-observable data to the extent it is available. Where Level 1 inputs are not available, the Company engages third party qualified valuers to
perform the valuation.

The management works closely with the qualified external valuers to establish the appropriate valuation techniques and inputs to the model. A degree of estimate is
required in establishing fair values.

⁽²³⁾ The Company has not received any intimation from Suppliers regarding their status under the Micro,
Small and Medium Enterprises Development Act, 2006 and hence the disclosure, if any, relating to
amounts unpaid as at the year end together with interest paid/payable as required under the said
Act have not been given.

(24) Scheme of Arrangement

During the year under review the proposed Scheme of Amalgamation between the Parthiv Corporate
Advisory Pvt Ltd ("Transferor Company) and Inland Printers Limited ("Transferee Company”) was filed
before the National Company Law Tribunal, Mumbai on receipt of In- Principal approval from BSE
Ltd ("BSE”) on 2nd November, 2023.

Thereafter the Scheme was approved by the shareholders and creditors of the Company in a separate
meeting held on 2 7th March, 2024 as per the directions of the National Company Law Tribunal,
Mumbai ("NCLT”) vide their order dated 13th February, 2024.

The Company Scheme Petition is admitted by the NCLT is now pending before the NCLT for final
hearing and disposal. The Appointed date of the Scheme is 1st January, 2023.

(25) Segment Reporting

The Company is exclusively engaged in providing E-commerce activity relating to printing business
The business segment constitutes one single primary segment in the context of Indian Accounting
Standard 108 on Segment Reporting notified by the Companies Accounting Standard Rules 2006 (as
Amended).

(26) No Transaction to report against the following disclosure requirement as notified by MCA pursuant to
amended schedule III:

a Crypto currency and virtual currency

b Benami Property held under Prohibition of Benami Transactions Act 1988 and rules made thereunder
c Registration of charges or Satisfaction with registrar of Companies
d Relating to borrowed funds:

i) Willful defaulter

ii) Utilization of borrowed funds and share premium

iii) Borrowing obtained on the basis of security of current assets

iv) Discrepancy in utilization of borrowings

v) Current maturity of Long-Term Funds

(27) Previous year figures

Previous Year's figures have been regrouped/reclassified, wherever necessary, to correspond with the
current year's classification/disclosures.

As per our report of even date for and on behalf of Board of Directors

For Yrkdaj and Associates LLP
Chartered Accountants

Firm Registration No. W100288 Sd/- Sd/-

Sd

Bhavesh Patel Kishor Sorap

Whole Time Director & Wholetime Director
Krunal Suchak CFO

Partner DIN: 07144964 DIN: 08194840

M. No. 143817

Mumbai

Date : 28 th May, 2025 ^Sd/-

Krishana Sharma

Co pany Secretary
Mem. No. 60337