1.10 Provisions

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive
obligation that is reasonably estimated, and it is probable that an outflow of economic benefits will be
required to settle the obligation. Provisions determined by discounting the expected future cash flow at a
pre-tax rate that reflects current market assessment of the time value of money and the risk specified to
the liability.

1.11 Revenue Recognition

Revenue is measured at the fair value of the consideration received or receivables. Amounts disclosed as
revenue are exclusive of taxes and net of returns, trade allowances, rebates, discounts and value added
taxes.

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the company
and the revenue can be reliably measured regardless of when the payment is being made. The Company
bases its estimates on historical results, taking into consideration the type of customer, the type of transaction
and the specifics of each agreement.

• All expenses and income are accounted on accrual basis.

1.12 Lease

As a lessor

Lease income from operating leases where the company is a lessor is recognised in income on a straight
- line basis over the lease term unless the receipts are structured to increase in line with expected general
inflation to compensate for the expected inflationary cost increases . The respected leased assets are
included in the balance sheet based on their nature .

1.13 Fair Value Measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. The fair value measurement is based
on the presumption that the transaction to sell the asset or transfer the liability takes place either:

In the principal market for the asset or liability, or in the absence of a principal market, in the most
advantageous market for the asset or liability.

The principal or the most advantageous market must be accessible by the Group.

The fair value of an asset or a liability is measured using the assumptions that market participants would
use when pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant’s ability to
generate economic benefits by using the asset in its highest and best use or by selling it to another market
participant that would use the asset in its highest and best use.

The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data
are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the
use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the Consolidated financial statements
are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is
significant to the fair value measurement as a whole:

Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities

Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement
is directly or indirectly observable

Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement
is Unobservable

For assets and liabilities that are recognized in the Consolidated financial statements on a recurring basis,
the Group determines whether transfers have occurred between levels in the hierarchy by re-assessing
categorization (based on the lowest level input that is significant to the fair value measurement as a whole)
at the end of each reporting period or each case.

For the purpose of fair value disclosures, the Group has determined classes of assets and liabilities on the
basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy
as explained above.

This note summarizes accounting policy for fair value. Other fair value related disclosures are given in the
relevant notes.

• Disclosures for valuation methods, significant estimates and assumptions

• Quantitative disclosures of fair value measurement hierarchy

• Investment in unquoted equity shares

• Financial instruments

1.14 Depreciation & amortization

The company depreciates property, plant and equipment over their estimated useful lives using the straight¬
line method. Depreciation on additions/deductions to property, plant and equipment is provided on pro-rata
basis from the date of actual installation or up to the date of such sale or disposal, as the case may be.

1.15 Earnings per equity share

Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of
the company by the weighted average number of equity shares outstanding during the period. Diluted
earnings per equity share is computed by dividing the net profit attributable to the equity holders of the
company by the weighted average number of equity shares considered for deriving basic earnings per equity
share and also the weighted average number of equity shares that could have been issued upon conversion
of all dilutive potential equity shares. The dilutive potential equity shares are adjusted for the proceeds
receivable had the equity shares been actually issued at fair value (i.e. the average market value of the
outstanding equity shares). Dilutive potential equity shares are deemed converted as of the beginning of the
period, unless issued at a later date. Dilutive potential equity shares are determined independently for each
period presented. The number of equity shares and potentially dilutive equity shares are adjusted retrospectively
for all periods presented for any share splits and bonus shares issues including for changes effected prior
to the approval of the financial statements by the Board of Directors.

1.16 Cash and Cash Equivalent

Cash and Cash equivalent comprise cash in hand and demand deposits, together with other short term,
highly liquid investment that are readily convertible into known amounts of cash and which are subject to
an in significant risk of changes in value.

1.17 Employee Benefit Expenses

• Short-Term Employee Benefits

Short - term employee benefits include performance incentive, salaries & wages, bonus and leave
travel allowance. The undiscounted amount of short-term employee benefits expected to be paid in
exchange for the services rendered by employees are recognized during the year when the employees
render the services.

1.18 Cash Flow Statement

Cash flow are reported using indirect method set out in Ind AS-7 on cash flow statement, expect in case
of dividend which is considered on the basis of actual movement of cash with corresponding adjustments
of assets and liabilities and where by profit for the period is adjusted for the effects of transactions of non¬
cash nature, any deferrals or accruals of past or future operating cash receipts or payments and items in
income or expenses associated with investing or financial cash flow. The cash flow from operating, investing
and financing activities of the company are segregated.

As per our reports of even date annexed

For Chatterjee & Chatterjee For and on behalf of the Board

Chartered Accountants For ADHBHUT INFRASTRUCTURE LIMITED

FRN.:- 001109C

Sd/- Sd/- Sd/-

(B.D. Gujrati) Anubhav Dham Amman Kumar

Partner Director Director

M. No. : 010878 DIN:02656812 DIN:003456445

Sd/-

Place : New Delhi Subir Kumar Mishra

Date : 28.05.2024 CFO

UDIN : 24010878BKHBQH6415