13. Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation
as a result of past events and it is probable that there will be an outflow of resources.

1. The financial statements including financial information have been prepared after making such regroupings and
adjustments, considered appropriate to comply with the same. As result of these regroupings and adjustments, the
amount reported in the financial statements/information may not necessarily be same as those appearing in the
respective audited financial statements for the relevant years.

2. Segment Reporting

The Company at present is engaged in the Business of providing Freight forwarding & Warehousing services,
which constitutes a single business segment. In view of above, primary and secondary reporting disclosures for
business/ geographical segment as envisaged in AS -17 are not applicable to the Company.

3. Provisions, Contingent Liabilities and Contingent Assets (AS 29)

Contingent liabilities and commitments (to the extent not provided for). There are no contingent liabilities as on
March 31, 2023.