2.15 Provision for Liabilities and Charges, Contingent
Liabilities and Contingent Assets

The assessments undertaken in recognizing provisions
and contingencies have been made in accordance with
the applicable Ind AS.

Provisions represent liabilities to the Company for
which the amount or timing is uncertain. Provisions are
recognized when the Company has a present obligation
(legal or constructive), as a result of past events, and it is
probable that an outflow of resources, that can be reliably
estimated, will be required to settle such an obligation.
Provisions are reviewed at each reporting date and are
adjusted to reflect the current best estimate.

Provisions are measured at the best estimate of the
consideration required to settle the present obligation at
the end of the reporting period, taking into account the
risks and uncertainties surrounding the obligation.

In the normal course of business, contingent liabilities
may arise from litigations and other claims against
the Company. Where the potential liabilities have a
low probability of crystallizing or are very difficult to
quantify reliably, the Company treats them as contingent
liabilities. Such liabilities are disclosed in the notes but
are not provided for in the financial statements. Although
there can be no assurance regarding the final outcome
of the legal proceedings, Company does not expect
them to have a materially adverse impact on our financial
position or profitability. The Company does not recognize
a contingent liability but discloses its existence in the
financial statements.

Contingent assets are not recognized but disclosed in
the Financial Statements when an inflow of economic
benefits is probable.

2.16 Revenue Recognition

Revenue is measured at the fair value of the consideration
received or receivable. The Company recognises revenues
on sale of products, net of discounts, sales incentives,
rebates granted, returns, sales taxes/GST and duties
when the products are delivered to customer or when
delivered to a carrier for export sale, which is when title
and risk and rewards of ownership pass to the customer.
Export incentives are recognised as income as per the
terms of the scheme in respect of the exports made and
included as part of export turnover.

Revenue from sales is recognised when control of the
products has transferred, being when the products are
delivered to the customer, the customer has full discretion
over the channel and price to sell / consume the products,
and there is no unfulfilled obligation that could affect the
customer's acceptance of the products. Delivery occurs
when the products have been shipped to the specific
location, the risks of obsolescence and loss have been
transferred to the customer, and either the customer
has accepted the products in accordance with the sales
contract or the acceptance provisions have lapsed.
Revenue from sale of seafood products is recognized
at a point in time when the customer obtains control
of the promised asset and the company has satisfied
its performance obligation. The amount of revenue is
measured at its transaction price.

Revenue from Construction Projects is recognized over
time, upon transfer of control of promised products
or services to customers in an amount that reflects
the consideration the Company expects to receive, in
exchange for those products or services.

Income from export incentives such as drawback and
RODTEP are recognized on accrual basis.

Interest income is recognized on a time proportion basis,
taking into account the amount outstanding and the rate
applicable.

Interest income

Interest income from a financial asset is recognised when
it is probable that the economic benefits will flow to the
Company and the amount of income can be measured
reliably. Interest income is accrued on a time basis,
by reference to the principal outstanding and at the
effective interest rate applicable, which is the rate that
exactly discounts estimated future cash receipts through
the expected life of the financial asset to that asset's net
carrying amount on initial recognition.

2.17 Employee benefits

Employee benefits consist of salaries and wages,
contribution to gratuity fund, towards medical assistance,
festival allowance and other benefits.

Contributions to defined contribution schemes such
as employees' state insurance, labour welfare fund,
superannuation scheme, employee pension scheme
etc. are charged as an expense based on the amount of
contribution required to be made as and when services
are rendered by the employees. Company's provident
fund contribution, in respect of certain employees, is
made to a Government administered fund and charged
as an expense to the standalone statement of profit
and loss. The above benefits are classified as Defined
Contribution Schemes as the Company has no further
defined obligations beyond the monthly contributions.
Defined benefit plans comprising of gratuity are
recognized based on the present value of defined benefit
obligations which is computed using the projected unit
credit method, with actuarial valuations being carried
out at the end of each annual reporting period. These are
accounted either as current employee cost or included in
cost of assets as permitted.

2.18 Taxation

Income tax expenses for the year comprises of current tax
and the net change in the deferred tax asset or liability
during the year. It is recognized in the Statement of Profit
and Loss except to the extent it relates to a business
combination or to an item which is recognized directly in
equity or in other comprehensive income.

Current Income Tax

Current tax is the expected tax payable /receivable on
the taxable income /loss for the year using applicable
tax rates at the Balance Sheet date, and any adjustment
to taxes in respect of previous years. Interest income/
expenses and penalties, if any related to income tax are
not included in current tax expense.

Current tax assets and current tax liabilities are offset
when there is a legally enforceable right to set off the
recognized amount and there is an intention to settle the
asset and liability on net basis.

Deferred Tax

Deferred income tax is recognized using the Balance
Sheet approach. Deferred income tax assets and liabilities
are recognized for deductible and taxable temporary
differences arising between the tax base of assets and
liabilities and their carrying amount, except when the
deferred income tax arises from the initial recognition of
an asset or liability in a transaction that is not a business
combination and affects neither accounting nor taxable
profit or loss at the time of the transaction.

Deferred tax assets are recognized only to the extent that
it is probable that either future taxable profits or reversal
of deferred tax liabilities will be available, against which
the deductible temporary differences, and the carry
forward of unused tax credits and unused tax losses can
be utilized.

The carrying amount of a deferred tax asset shall be
reviewed at the end of each reporting date and reduced
to the extent that it is no longer probable that sufficient
taxable profit will be available to allow all or part of the
deferred income tax asset to be utilized.

Deferred tax assets and deferred tax liabilities are offset
when there is legally enforceable right to set off deferred
tax assets against deferred tax liabilities; and the deferred
tax assets and the deferred tax liabilities relate to the
income taxes levied by the same taxation authorities.
Deferred tax assets and liabilities are measured at the tax
rates that are expected to apply in the year when the asset
is realized or the liability is settled, based on tax rates
(and tax laws) that have been enacted or substantively
enacted at the reporting date

2.19 Earnings per Share

The Company presents basic and diluted earnings per
share (“EPS”) data for its equity shares. Basic EPS is
calculated by dividing the profit and loss attributable to
equity shareholders of the Company by the weighted
average number of equity shares outstanding during
the period. Diluted EPS is determined by adjusting the
profit and loss attributable to equity shareholders and the
weighted average number of equity shares outstanding
for the effects of all dilutive potential equity shares. The
Company did not have any potentially dilutive security in
any of the years presented.

2.20 Segment Reporting

Operating segments are defined as components of an
enterprise for which discrete financial information is
available that is evaluated regularly by the Chief Operating
Decision Maker, in deciding how to allocate resources and
assessing performance. The Company's chief operating
decision maker is the Managing Director.

The Company has identified business segments as
reportable segments. The Business segment comprise 1)
Infrastructure 2) Aquaculture

Segment revenue, segment expenses, segment assets and
segment liabilities have been identified to segments on
the basis of their relationship to the operating activities
of the segment. Revenue, expenses, assets and liabilities
which relate to the company as a whole and are not
allocable to segments on a reasonable basis have been
included under “unallocated revenue/expenses/assets/
liabilities”

2.21 Statement of Cash Flows

Cash flows are reported using indirect method as set out
in Ind AS -7 “Statement of Cash Flows”, whereby profit /
(loss) before tax is adjusted for the effects of transactions
of non-cash nature and any deferrals or accruals of past
or future cash receipts or payments. The cash flows
from operating, investing and financing activities of
the Company are segregated based on the available
information. For the purpose of statement of cash flow,
Cash and cash equivalent comprise cash at banks and
cash on hand.

2.22 Leases

The Company recognises a right-of-use asset and a lease
liability at the lease commencement date. The right-of-
use asset is initially measured at cost, which comprises
the initial amount of the lease liability adjusted for any
lease payments made at or before the commencement
date, plus any initial direct costs incurred and an estimate
of costs to dismantle and remove the underlying asset or
to restore the underlying asset or the site on which it is
located, less any lease incentives received.

The right-of-use asset is subsequently depreciated using
the straight-line method from the commencement date
to the end of the lease term.

The lease liability is initially measured at the present
value of the lease payments that are not paid at the
commencement date, discounted using the Company's
incremental borrowing rate. It is remeasured when there is
a change in future lease payments arising from a change
in an index or rate, if there is a change in the Company's
estimate of the amount expected to be payable under
a residual value guarantee, or if the Company changes
its assessment of whether it will exercise a purchase,
extension or termination option. When the lease liability
is remeasured in this way, a corresponding adjustment is
made to the carrying amount of the right-of-use asset, or
is recorded in profit or loss if the carrying amount of the
right-of-use asset has been reduced to zero.

The Company has elected not to recognise right-of-use
assets and lease liabilities for short-term leases that have
a lease term of 12 months or less and leases of low-value
assets. The Company recognises the lease payments
associated with these leases as an expense over the
lease term.

2.23 Prior period adjustment

Prior period adjustments due to errors, having material
impact on the financial affairs of the Company, are
corrected retrospectively by restating the comparative
amounts for prior periods presented in which the error
occurred or if the error occurred before the earliest
period presented, by restating the opening statement of
financial position.

2.24 Recent accounting pronouncements - Standards
issued but not yet effective

Ministry of Corporate Affairs (“MCA”) notifies new
standards or amendments to the existing standards
under Companies (Indian Accounting Standards) Rules
as issued from time to time. For the year ended 31st
March, 2025, MCA has notified amendments to Ind AS
116 - Leases, relating to sale and leaseback transactions,
which is applicable to the Company w.e.f. 1st April, 2024.
The Company has reviewed the new pronouncements and
based on its evaluation has determined that it is not likely
to have any significant impact in its financial statements.

Note - 40

Employee Benefits ( Ind As 19)

Defined Contribution Plans

The Company makes Provident Fund and Employee State Insurance Scheme contributions to defined contribution
plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage
of the payroll costs to fund the benefits. The contributions payable to these plans by the Company are at rates
specified in the rules of the schemes.The Company recognised the below amount for Provident Fund contributions
and Employee State Insurance Scheme Fund contributions in the Statement of Profit and Loss.

Note - 42.2
Capital Management

The Company's objective for capital management is to maximise share holder value, safeguard business continuity and
support the growth of the company. The Company determines the capital requirement based on annual operating plans
and long term and other strategic investment plans. The funding requirements are met through a mixture of equity,
internal fund generation and borrowed funds. The Company's policy is to use short term and long term borrowings to
meet anticipated funding requirements.

Note 42.3

Income Tax Expenses

The reconciliation of estimated income tax expense at statutory income tax rate to income tax expense reported in
statement of profit and loss is as follows:

Note 42.5

Fair Value Measurements

(i) Fair Value Hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position are grouped
into three levels of a fair value hierarchy. The three levels are defined based on the observability of significant
inputs to the measurement, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation
techniques which maximise the use of observable market data rely as little as possible on entity specific estimates.
Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included
in level 3

Market Risk

Market risk is the risk that the fair value of future cash flows of financial assets will fluctuate because of changes in market prices.
Market risk comprises three types of risk: interest rate risk, currency risk and other price risk. Financial Assets affected by market risk
include loans and borrowings and deposits.

Foreign Currency Risk

The Company's functional currency is Indian Rupees. The company undertakes transactions denominated in foreign currencies,
consequently,exposure to exchange rate fluctuations arise.Foreign Currency Risk is the risk that the fair value or future cash flows
of an exposure will fluctuate because of changes in foreign exchange rates. The Company's exposure to the risk of changes in
foreign exchange rates relates primarily to the Company's operating activities(when revenue or expense is denominated in a
foreign currency).

Foreign currency risk of the company is managed through a properly documented risk management policy approved by the board.

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. The Company's exposure to the risk of changes in market interest rates relates primarily to the Company's short term
debt obligations with floating interest rates.

Credit Risk Management

Credit Risk is the risk that a counter party will not meet its obligations under a financial instrument or customer contract, leading to
a financial loss. The Company is exposed to a credit risk from its operating activities( primarily trade receivables and advances to
suppliers) and from its financing activities, including deposits with banks and financial institutions, foreign exchange transactions and
other financial instruments.

Liquidity Risk Management

Liquidity risk refers to the risk of financial distress or extraordinary high financing costs arising due to shortage of liquid funds in a
situation where business conditions unexpectedly deteriorate and requiring financing. The Company requires funds both for short
term operational needs as well as for long term capital expenditure growth projects. The Company generates sufficient cash flow for
operations, which together with the available cash and cash equivalents and short term investments provide liquidity in the short¬
term and long-term.

Note 42.6

Financial Risk Management Policy

Financial Risk Management Objective and Policies:

The Company's principal financial liabilities comprise of loans and borrowings, trade and other payables and advances from customers.
The main purpose of these financial liabilities is to finance the Company's operations, projects under implementation and to provide
guarantees to support its operations. The Company's principal financial assets include Investment, loans and advances, trade and
other receivables and cash and bank balances that derive directly from its operations. The Company is exposed to market risk, credit
risk and liquidity risk. The Company's senior management oversees the management of these risks. The Board of Directors reviews
and agrees policies for managing each of these risks, which are summarised below.

Note 42.8

Disclosure under Micro, Small and Medium Enterprises Development Act, 2006

Clause 22 of Chapter V of the Micro, Small and Medium Enterprises Development Act, 2006, require following additional information
in the Annual Statement of Accounts

(i) Principal amount remaining unpaid to any supplier at the end of the accounting year - Nil

(ii) Interest due thereon remaining unpaid to any supplier at the end of the accounting year - Nil

(iii) The amount of interest paid along with the amounts of the payment made to the supplier beyond the appointed day - Nil

(iv) The amount of interest due and payable for the year - Nil

(v) The amount of interest accrued and remaining unpaid at the end of the accounting year - Nil

(vi) The amount of further interest due and payable even in the succeeding year, until such date when the interest dues as above are
actually paid - Nil

Company has not received any information from suppliers regarding their status under the Micro, Small and Medium Enterprises
Development Act, 2006 to meet the above mentioned disclosure requirements the and hence disclosures if any, required under the
said Act have not been given.

Note 45.1

Details of Benami Property

No proceedings have been initiated against the Company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder in the financial year ended March 31, 2025
and March 31, 2024.

Note 45.2
Wilful Defaulter

The Company has not been declared a wilful defaulter by any bank or financial institution or other lender in the
financial year ended March 31, 2025 and March 31, 2024.

Note 45.3

Relationship with struck off Companies

The Company has no transactions with the companies struck off under section 248 of the Companies Act, 2013 or
section 560 of the Companies Act, 1956.

Note 45.4

Registration of charges or satisfaction with Registrar of Companies (ROC)

All charges or satisfaction are registered with ROC within the statutory period for the financial year ended March 31,
2025 and March 31, 2024.

Note 45.5

Compliance with number of layers of companies.

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of layers) Rules, 2017 for the financial year ended March 31, 2025 and March 31,
2024.

Note 45.6

Compliance with approved scheme(s) of arrangements

The Company has not entered into any Scheme of Arrangements which requires the approval of the Competent
Authority in terms of sections 230 to 237 of the Companies Act, 2013 for the financial years ended March 31, 2025 and
March 31, 2024.

Note 45.7

Disclosure under Rule 11(e) of the Companies (Audit and Auditors) Rules, 2014

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources
or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”)
with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party
identified by or on behalf of the Company (Ultimate Beneficiaries).

The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company
shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company
(“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Note 45.8

Undisclosed income

The company does not have any transaction which is not recorded in the books of accounts but has been surrendered
or disclosed as income during the year in tax assessments under the Income Tax Act, 1961.

Note 45.9

Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the financial years ended March
31, 2025 and March 31, 2024.

Note 46.1

Figures in brackets denote negative figures.

Note 46.2

The company has opted to exercise the option permitted under section 115BAA of the Income Tax Act, 1961 as introduced
by the Taxation Laws (Amendment) Act, 2019.Accordingly, the Company has recognised provision for Income Tax for
the year ended on March 31, 2025 and remeasured its deferred tax assets/liability on the basis of the rates prescribed
in the said section.

Note 46.3

Previous year's figures have been regrouped/rearranged, wherever necessary to confirm to current year's classification/
disclosure.

As per our report of even date

For Elias George & Co For and on behalf of the Board Of Directors

Chartered Accountants
FRN : 000801S

Sd/- Sd/- Sd/ -

Joy P Jacob Shaji BabyJohn Baby John Shaji

(Partner) Chairman &Managing Director Joint Managing Director

Membership No. 201678 DIN: 01018603 DIN: 03498692

Sd/ - Sd/- Sd/-

Balagopalan Veliyath Lalbert Aylisilasi Nanditha T

Whole - Time Director Chief Financial Officer Company Secretary

DIN: 05254460 Memb no. 43148

Place: Ernakulam
Date: 30/05/2025