11. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provisions are recognized only when there is a present obligation as a result of past events and when a reliable estimate of the amount of obligation can be made. Provisions (excluding retirement benefits and compensated absences) are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date.

Contingent Liabilities is disclosed in Notes to the account for: -

(i) Possible obligations which will be confirmed only by future events not wholly within the control of the company or

(ii) Present Obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

Contingent assets are not recognized in the financial statement since this may result in the recognition of the income that may never be realized.

12. EARNINGS PER SHARE:

In determining the Earnings Per share, the company considers the net profit after tax which does not include any post tax effect of any extraordinary/exceptional item. The number of shares used in computing basic earnings per share is the weighted average number of shares outstanding during the period.

The number of shares used in computing diluted earnings per share comprises weighted average number of shares considered for computing Basic Earnings per share and also the weighted number of equity shares that would have been issued on conversion of all potentially dilutive shares.

In the event of issue of bonus shares or share split, the number of equity shares outstanding is increased without an increase in the resources. The number of Equity shares outstanding before the event is adjusted for the proportionate change in the number of equity shares outstanding as if the event had occurred at the beginning of the earliest period reported.

13. CASH FLOW

Cash flows are reported using the indirect method, whereby profit before tax 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 item of income or expenses associated with investing or financing cash flows. Cash flows from operating, investing and financing activities of the company are segregated accordingly.

14. MICRO, SMALL AND MEDIUM ENTERPRISES

As per the information available with the Company, there are no Micro, Small and Medium enterprises. Accordingly, no information is disclosed in respect of MSMEs as required under Micro Small and Medium Enterprises Act, 2006. Information given related to MSME and Others are provided by the organization and relied upon by auditor.

15. GOVERNMENT GRANT

The company had not received any government grant.

16. INVENTORIES

Inventories are valued at the lower of the cost and estimated net realizable value.

17. Segment Information

The company is engaged in the business of trading of Men Grooming Products and there is only one reportable Segment as per AS 17 "Segment Reporting". There is no other reportable segment.

General:

Except wherever stated, accounting policies are consistent with the generally accepted accounting principles and have been consistently applied.

C. CHANGES IN ACCOUNTING POLICIES IN THE YEAR

There is no change in significant accounting policies.

D. NOTES ON FINANCIALS STATEMENTS

1. Employee benefits

Employee Benefits expenses comprise of Director's Remuneration and Salary & Wages & other benefits to employees (including Gratuity) paid by the company.

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

There are no contingent liabilities for the period reported in financial statements.

3. Related Party Disclosure (AS 18)

Related party transactions are already reported as per AS-18 of the Companies (Accounting Standards) Rules, 2021 as amended, in the Note 23 of the enclosed financial statements.

4. Earnings Per Share (AS 20)

Earnings per share have been calculated is already reported in the Note 22 of the enclosed financial statements.

5. Statement of ratio analysis has been reported in Note 24 of the enclosed financial statements.

6. Additional Regulatory Information/disclosures as required by General Instructions to Schedule III to the Companies Act, 2013 are furnished to the extent applicable to the Company.

7. Trade receivables, Trade payables, Loans & Advances and Unsecured Loans have been taken at their book value subject to confirmation and reconciliation.

8. Previous year figures have been regrouped/rearranged wherever necessary.

Realizations

In the opinion of the Board and to the best of its knowledge and belief, the value on realization of current assets, loans and advances will, in the ordinary course of business, not be less than the amounts at which they are stated in the Balance sheet.

Contractual liabilities

All other contractual liabilities connected with business operations of the Company have been appropriately provided for.

Amounts in the financial statements

Amounts in the financial statements are in lakhs unless stated otherwise. Figures in brackets indicate negative values.

For, NAVP & Associates For and on behalf of the Board of Directors of

Chartered Accountants Macobs Technologies Limited

Firm Registration No.: 025043C

SHIVAM BHATEJA DUSHYANT GANDOTRA

CA Nitin Bansal (Whole-Time Director) (Managing Director)

Partner

Membership No 430412 Place: Jaipur

Date: 27/06/2024 ADITYA SOLANKI ANKITASONI

UDIN: 24430412BKEPVQ3811 (CFO) (Company Secretary)