11. Provisions, contingent liabilities and contingent assets

A provision is recognized if, as a result of a past event, the company has a present legal or constructive obligation
that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the
obligation.

Contingent liabilities are disclosed in respect of possible obligations that have risen from past events and 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 enterprise, or is a present obligation that arises from past events but is

not recognised because either it is not probable that an outflow of resources embodying economic benefits will be
required to settle the obligation, or a reliable estimate of the amount of the obligation cannot be made.

A contingent asset is generally neither recognised nor disclosed.

12. Impairment of non-financial assets

The Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any
indication exists, or when annual impairment testing for an asset is required, the Company estimates the asset’s
recoverable amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating unit’s (CGU) fair
value less costs of disposal and its value in use. Recoverable amount is determined for an individual asset, unless
the asset does not generate cash inflows that are largely independent of those from other assets or Company’s of
assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered
impaired and is written down to its recoverable amount.

In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax
discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.
In determining fair value less costs of disposal, recent market transactions are taken into account. If no such
transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by
valuation multiples, quoted market prices or other available fair value indicators.

13. Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash at banks and on hand.

14. Related to Party Transaction

Related Party Disclosure as required under Indian Accounting Standard-24 on related party disclosure issued by the
Institute of Chartered

India, are given below :

Related parties where transactions have taken place during the year:

A) Key Managerial Personnel

a. Mrs. Karishma Gaurav Thakker - CEO

b. Mr. Khushal Chetan Batavia - CFO

c. Mr. Lait Avinash Bhanu - Company Secretary (Resign w.e.f. 10.05.2024)

B) Entities in which directors & their relatives are interested & KMPs relatives

a. Thakkers Developers Ltd - Father of Gaurav Thakker , Director is director in company

b. Thakker Housing Development Private Ltd. - Father of Director Gaurav Thakker, is director in company

c. Mr. Jitendra Thakker - Gaurav Thakker - Director’s Father

d. Dhananjay Marketing Private Ltd. -Gaurav Thakker is director in company

e. Thakker Apna Ghar Private Ltd. - Gaurav Thakker is director in company

f. Thakkers Gruha Nirman Private Ltd. - Father of Gaurav Thakker , Director is director in company

20. Dues to Micro, Small and Medium Sized Enterprises :

Based on the information and records available with the management, there are no dues outstanding to micro and
small enterprises covered under the Micro, Small and Medium Enterprises Development Act, 2006 as at 31^st March,
2023 and as at 31 March, 2024.

21. Previous Year Figures are rearranged or regrouped wherever necessary.

22. There is no revaluation of company's Property, Plant and Equipment as on 31.03.2024 and 31.03.2023.

23. Intangible assets under development are nil as on 31.03.2024 and 31.03.2023.

24. There is no Benami property held as on 31.03.2024 and 31.03.2023.

25. The company is not declared as wilful defaulter by any authority.

26. As per information provided to us, the company does not have any transactions with companies struck off u/s
248 or 560 of the Companies Act, 2013.

27. The company has not provided for Gratuity during the year.

28. Section 2(87) of Companies Act, 2013 is not applicable to this company.

29. Compliance with approved scheme of arrangements u/s 230 to 237 of Companies Act, 2013 is not
applicable to this company.

30. There are no loans/funds advanced to any Intermediaries or funds to be received from Funding Parties.

31. The Company has no borrowings from banks or financial institutions on the basis of security of current assets as
on 31st March, 2024.

32. The company has not declared/proposed any interim and final dividend for the year and previous financial year.