2.18.1 Provision for Incentive on discounted sales (Without GST) is the Scheme Payouts receivable from HP India Sales Pvt Ltd pertaining
to the period Jan 2025 to Mar 2025 hut the invoice (inclusive of GST) of the same has been raised in April 2025, as the details of Incentive
is assessed by the respective parties and details of the same is provided to us, on or after 15 th of April 2025. So the provision of the same has
been booked in the F.Y. 2024-25.

2.22.2 In accordance with the Payment of Gratuity Act, 1972, applicable for Indian Companies, the company provides for a lump sum
payment to eligible employees at retirement or termination of employment based on the last drawn salary and years of employment with the
Company. The Company's obligation in respect of the Gratuity Plan, which is a defined benefit plan, is provided for based on the Actuarial
Valuation report dated 17.04.2025 of Employee benefits Actuarial Consultancy Services based on Projected Unit Credit Method. The
amount recognized in the Statement of Profit and Loss in respect of gratuity cost (defined benefit plan) is as follows:

2.25 Contingent Liability not provided for in respect of Claims not acknowledged as debt by the Company:

1. The Company had received an assessment order cum demand notice from Assessing Officer of Income Tax Act, 1961 vide Letter no.
ITBA/COM/F/17/2019-20/1021886628(1), dated 07.12.2019 for sum of ? 45.74 lakhs under assessment 143(3)/147 for the period 2012-13.
The Company had filled Appeal to the Commissioner of Income Tax as on 06.01.2020 having Acknowledgement No. 287976381060120 the
same is still pending.

2. The Company had received an order under Goods and Service Tax Act, 2017 (For Delhi Branch) vide order no. ZD0702210082714, dated

08.02.2021 for incorrect admissibility of input tax credit of tax paid or deemed to have been paid for sum of ? 28.94 lakhs being towards Tax
Payable and ? 5.86 lakhs towards interest thereon and ? 28.94 lakhs towards Penalty for the period from December 2019 to March 2020.
Against this order the Company had filled Appeal (Form GST APL-01 (Appeal to Appellate Authority)) as on 16.04.2021 and deposited 10%
of Tax Laibility i.e ? 2,89 Lacs and the same is still pending.

3. The Company had received an order under Goods and Service Tax Act, 2017 (For Delhi Branch) vide order no. ZD0702210082790, dated

08.02.2021 for incorrect admissibility of input tax credit of tax paid or deemed to have been paid for sum of ? 38.66 lakhs being towards Tax
Payable and ? 4.45 lakhs towards interest thereon and ? 38.66 lakhs towards Penalty for the period from April 2020 to July 2020. Against
this order the Company had filled Appeal (Form GST APL-01 (Appeal to Appellate Authority)) as on 16.04.2021 and deposited 10% of Tax
Laibility i.e ? 3,86 Lacs and the same is still pending.

4. The Company had received an order under Goods and Service Tax Act, 2017 (For Delhi Branch) vide order no. ZD0712231639739, dated
28.12.2023 for incorrect admissibility of Output Tax and Input tax credit of tax paid or deemed to have been paid for sum of ? 20.86 lakhs
being towards Tax Payable and ? 20.86 lakhs towards interest thereon and ? 2.08 lakhs towards Penalty for the period from July 2017 to
March 2018. Against this order the Company had filled Appeal (Form GST APL-01 (Appeal to Appellate Authority)) as on 04.03.2024 and
deposited 10% of Tax Laibility i.e ? 2.08 Lacs and the same is still pending.

5. The Company had received an order from Commercial Tax Officer of Government of Telangana, Commercial Taxes Department (For
Flyderabad Branch) vide order no. 17930 dated 28.02.2020 for the sum of ? 170.58 lakhs towards tax component for the period 2015-16 to
2017-18. Against this order the Company had filled writ petition before the Honourable Telangana Highcourt as on 18.03.2021 and
Highcourt stayed the demand order dated 22.03.2021.

6. The Company had received an order from Commercial Tax Officer of Government of Telangana, Commercial Taxes Department (For
Hyderabad Branch) vide order no.80696 dated 17.12.2020 for the sum of ? 42.65 lakhs towards penalty component for the period 2015-16
to 2017-18. Against this order the Company had filled writ petition before the Honourable Telangana Highcourt as on 22.04.2021 and
Highcourt stayed the demand order dated 26.04.2021.

7. The Company had received an order from Commercial Tax Officer of Government of Telangana, Commercial Taxes Department (For
Hyderabad Branch) vide order no. CST/36970508396/16-17 dated 28.12.2020 for the sum of ? 43.23 lakhs for the period 2016-17. Demand
notice in form CST VIII is issued for this case. Having regard to the order dated 15-05-2020 in I.A.No.1 of2020 in W.P.No. 6819 of2020,
there has been an interim stay.

8. Company had received a show cause cum demand notice from Assistant Commissioner, Provident Fund, (Ministry of Labour, Govt of
India) vide refrence no. R-NE/WB/44474/CC-III/08, dated 27.12.2007 for sum of ? 3.2 lakhs being ? 2.47 lakhs towards assessed PF dues
and ? 0.56 lakhs towards interest thereon for the period from December 2004 to February 2007. The Company has taken stay order from
Calcutta High Court vide there case no. W.P. 25860 (W) of2008 dated 19.12.2008. No further action in this case from department side is
reported by the managment on the said stay order, neither is the same reported to have been dropped by the department.

9. The Company had received an assessment order from Sales Tax Officer of West Bengal Tax on Entry of Goods into Local Areas Act,2012
vide Case no. 2016-2017/58/04/E/5 And Memo No: 1224 ,dated 21.06.2019 for the period 01.04.2016 to 31.03.2017 for sum of ? 2.51 lakhs
as tax component, ? 1.39 Lakhs for interest and ? 0.24 Lakhs for late fees. The Same is still pending.

10. The Company had received an assessment order from Sales Tax Officer of West Bengal Tax on Entry of Goods into Local Areas Act,
2012 vide Case no. 2017-2018/58/04/E/7 and Memo No:145 ,dated 10.06.2020 for the period 01.04.2017 to 10.06.2017 for sum of ? 2.96
lakhs as tax component,? 1.88 lakhs for interest and ? 0.095 lakhs for late fees. The same is still pending.

11. The Company had received an order under Goods and Service Tax Act, 2017 vide order no. ZD070222008461Z, dated 10.02.2022 for
mismatch in Output Gst in GSTR 1 and GSTR 3B for sum of ? 3.86 Crore being towards Tax Payable lfom April 2021 to December 2021.
Against this order the Company had filled Form GST ASMT-11 (Reply to notice issued under section 61 intimating discrepancies in the
return) as on 14.02.2022 and the same is still pending.

12. The Company had received an order under Goods and Service Tax Act, 2017 (For Delhi Branch) vide order no.

ZD070824105260R dated 29.08.2024 for incorrect admissibility of Output and input tax paid or deemed to have been paid
for sum 129.03 lakhs towards Tax Payable and 106.90 lakhs towards interest and thereon 12.90 lakhs towards penalty for
the period from April 2019 to March 2020. Against this order company has filled Appeal (Form GST APL-01 (Appeal to
Appellate Authority)) as on 26.11.2024 and deposited 10% of tax liability i.e Rs 12.90 Lacs and the same is still pending.

13. The Company had received a notice under Goods and Service Tax, 2017 (For the Delhi Branch) vide order no. DGGI/GZU/Inv/Gr-
/D/398/2023-24 dated 11.03.2024, by the Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit, in respect of, availment of
fraudulent Input Tax Credit by M/s SRVN Enterprises Private Limited without receipt of actual goods and further passing on said
inadmissible ITC to various entities, the same has been passed on to M/s Logica Infoway Ltd., as analysed based on the Sales of M/s SRVN
Enterprises Private Ltd. Further, the search & seizure was conducted, without any recording of reasons, illegally was forced make an upfront
payment of? 500 Lacs (paid through DRC-03) during interrogation under the Threat of Arrest, Coercion & Intimidation, which although
falls out of the search conducted. Against this order, the company has filed a Writ Petition vide W.P.(C) 13861/2024, CM APPL.
58025/2025, dated 30.11.2024 in the High Court of Delhi, for the above instance. However, several hearings were held and the same stands
pending before the court.

2i28^EGMENJl^PORIING_:

The company is engaged primarily in the business of trading in Computers, Laptops, Mobiles, Computer Parts & Accessories etc and
accordingly there are no separate reportable segments as per Accounting Standards (AS) 17 'Segment Reporting'.

Final data was not available with the Company regarding the business done through the E-Commerce business partner at the time of submitting the DP
statement to the bank. The Revenue and trade receivables from the E-Commerce business and the stock supplied through them for the purpose of DP
statement were calculated by the Company on the basis of data available at that time, however the final data received later on from the E-Commerce
business partner on basis of which the books of accounts are reconciled and updated accordingly, becuase of which the actual figures as per books of
accounts and as per the DP statements vary.

In terms of our attached report of even date. FOR LOGICA INFOWAY LIMITED

For R Rampuria & Company Sd/- Sd/-

Chartered Accountants Gaurav Goel Shweta Goel

Managing Director Whole Time Director

Sd/- DIN- 00432340 DIN- 00434584

(Rajendra Rampuria)

Partner

M. No. 108771 Sd/- Sd/-

FRNo. 32521 IE Priyanka Gera DeepakKumar Jha

(Company Secretary) (Chief Financial Officer)

Place: Kolkata M. No. A63809

Date: 30.05.2025