2.8 Provisions, contingent liabilities and contingent assets
Contingent liability:

A possible obligation that arises 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 Company
are disclosed as contingent liability and not provided for. Such liability is
not disclosed if the possibility of outflow of resources is remote.

Contingent liabilities are disclosed by way of Notes to Accounts if any.
Contingent assets:

A contingent asset is a possible asset that arises from past events and
whose existence will be confirmed only by the occurrence or non¬
occurrence of one or more uncertain future events not wholly within the
control of the Company. Contingent assets are not recognised and
disclosed only when an inflow of economic benefits is probable.

Provisions:

A provision is recognized when as a result of a past event, the Company
has a present obligation whether legal or constructive that can be estimated
reliably and it is probable that an outflow of economic benefits will be
required to settle the obligation. If the obligation is expected to be settled
more than 12 months after the end of reporting date or has no definite
settlement date, the provision is recorded as non-current liabilities after
giving effect for time value of money, if material. Where discounting is
used, the increase in the provision due to the passage of time is recognized
as a finance cost.

2.9 Revenue Recognition

a) Revenue from the contract is recognised when significant risks and rewards
in respect of work of the contract are transferred to the contractee, as per
the terms of the order. The company has shown separately the revenues
from the operations which are stated at gross amount as per the
Requirement of Ind AS 115 "Revenue from contract with customers”.
Further, the amounts collected on behalf of third parties such as
Government authorities for VAT, Service Tax and GST are excluded from
the revenue since the same do not result in increase in Equity.

b) Interest Income is recognised on time proportion basis.

2.10 Income taxes

Income tax expense comprises current and deferred tax expense. Income
tax expenses are recognized in statement of profit and loss and when they
relate to items recognized in comprehensive income

Current tax is the tax payable on the taxable profit for the year, using tax
rates enacted or substantively enacted by the end of reporting period by the
governing taxation laws, and any adjustment to tax payable in respect of
previous periods. Current income tax assets and liabilities are measured at
the amount expected to be recovered from or paid to the taxation
authorities. Management periodically evaluates positions taken in the tax
returns with respect to situations in which applicable tax regulations are
subject to interpretation and establishes provisions where appropriate.

Deferred taxes arising from deductible and taxable temporary differences
between the tax base of assets and liabilities and their carrying amount in
the financial statements are recognized using substantively enacted tax
rates and laws expected to apply to taxable income in the years in which
the temporary differences are expected to be received or settled.

Deferred tax asset are recognized only to the extent that it is probable that
future taxable profit will be available against which the deductible
temporary differences can be utilized. The carrying amount of deferred tax
assets is reviewed at 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 assets to be utilized.

2.11 Earnings Per Share

a) Basic earnings per share are calculated by dividing the net profit by number
of equity shares outstanding at the end of the year.

2.12 Borrowing cost

Borrowing costs directly attributable to the acquisition, construction or
production of qualifying assets, which are assets that necessarily take a
substantial period of time to get ready for their intended use or sale, are
added to the cost of these assets, until such time as the assets are
substantially ready for their intended use or sale.

All other borrowing costs are recognised in statement of profit and loss in
the period in which they are incurred.

2.13 Segment Reporting

The company has only one preliminary reportable segment i.e.
construction and development of infrastructure projects (including
provision of Reinforced Cement Concrete Pipes) hence there is no
separate reportable segments as required in Ind AS 108 issued by ICAI.

2.14 Depreciation

Depreciation on tangible fixed assets is provided using the Written
down Method based on the useful life of the assets as estimated by the
management and is charged to the Statement of Profit and Loss as per
the requirement of Schedule II of the Companies Act, 2013. In case of
additions or deletions during the year, depreciation is computed from
the month in which such assets are put to use and up to previous month
of sale or disposal, as the case may be.

2.15 Foreign currency Transactions

There is Nil foreign currency transaction during period under reporting.

2.16 Events occurring after Balance Sheet Date:

Events occurring after Balance Sheet date are those events, favorable and
unfavorable, that occur between the balance sheet date and the date when the
financial statements are approved by the Board of Directors. Events those
provide further evidence of conditions that existed at the balance sheet date
are adjusting events and events those are indicative of conditions that arose
subsequent to the balance sheet date are non-adjusting events. The amounts
recognized in the financial statements are adjusted to reflect the adjusting
events after the reporting period but not in the case of non-adjusting events.

The Company is going to issue bonus share in the proportion of 3 (Three) new
fully paid-up bonus equity share of Rs.2/- (Rupees Two only) each for every 2
(Two) existing fully paid-up equity share of Rs.2/- (Rupees Two only) each held
by the Members of the Company as on the Record Date, i.e. March 21,2025.

After that the company will sub-divide the Equity Shares of the Company such
that every 1(one) Equity Share having nominal/face value of Rs. 2/- (Rupees
Two Only) each be sub-divided into 2 (Two) Equity Shares having nominal/face
value of Rs. 1/- (Rupees One Only) each.

Post issue of Bonus Shares, the Issued and Paid-up Equity Share Capital
of the Company will be Rs.112,20,95,000/- (Rupees One Hundred and Twelve
Crore Twenty Lakhs Ninety-Five Thousand only) divided into 56,10,47,500
(Fifty-Six Crores Ten Lakhs Forty- Seven Thousand Five Hundred) of Rs.2/-
(Rupees Two Only).

Post sub - division of shares The Authorised capital will be Rs.113,00,00,000/-
(Rupee One Hundred and Thirteen Crores) divided into 113,00,00,000 (One
Hundred and Thirteen Crores Shares) of Rs.1/- (Rupees one Only). And issued
and paid up share capital will be Rs.112,20,95,000/-(Rupee One Hundred and
Twelve Crores Twenty Lakhs Ninety-Five Thousand) divided into 112,20,95,000
(One Hundred and Twelve Crores Twenty Lakhs Ninety-Five Thousand Shares)
of Rs.1/- (Rupees one Only).

2.17. Disclosure of Interest in other Entities:

As per Ind AS 112 - ‘Disclosure of Interest in other Entities’, as notified by the
Rules, the disclosures of transactions with the related parties as defined in the
accounting standard are given below:

3.2. a) In opinion of the management, contingent liability not provided is Rs. Nil.
(Nil).

b) Estimated amount of contracts remaining to be executed on capital
account and not provided for: Rs. Nil (Nil).

c) As informed to us by the management that there are no any other
contingent liability as as 31-03-2025 other than reported above.

3.3. Balances of Trade Payables, Unsecured Loans, Trade Receivables, Long
Term and Short Term Loans & Advances, In-operative bank accounts, Other
Current and Other Non Current Assets and Provisions are subject to the
confirmation of the parties concerned. Wherever confirmation of the parties
for the amounts due to them / amounts due from them as per books of
accounts are not received, necessary adjustments, if any, will be made
when the accounts are reconciled / settled.

3.4. In the absence of information regarding outstanding dues of Micro or Small
Scale Industrial Enterprise(s) as per The Micro, Small & Medium Enterprise
Development Act, the Company has not disclosed the same as required by
Schedule III to the Companies Act.

3.5. The Company is engaged in the business of infrastructure activities and not
carried out any manufacturing activities during the year. The company having
projects at different locations where the company supplied the materials and
the project given on labour cum job work basis to third parties for which no
contract is executed for the same. On completion of the project the company
issued the sales invoices.

3.6. Figures have been rounded off to the nearest rupee wherever required.

3.7 Share Capital

The face value of Shares as on 01-04-2024 was Rs. 2/- per share.

4 Notes on Accounts

? ?Balances are subject to confirmation.

? ?The previous year figures have been reworked regrouped, rearranged and
reclassified wherever necessary. Accordingly, amounts and other disclosures
for the preceding year are included as an integral part of the current year
Financial Statements and are to be read in relation to the amounts and other
disclosures relating to the current year.

? ?In the opinion of Board, Fixed Assets, Current Assets, Loans & Advances
and Current Liabilities are approximate of the value stated and realised in the
ordinary course of business.

? ?The Company has not traded or invested in Crypto currency or Virtual
Currency during the financial year.

5 Additional Regulatory Information

Title deeds of Immovable Property not held in name of the Company

The title deeds of all the immovable properties (other than properties where
the company is the lessee and the lease agreements are duly executed in
favour of the lessee) disclosed in the financial statements are held in the
name of the company.

Details of Benami Property held:

No proceedings have been initiated or pending against the company for
holding any benami property under the Benami Transactions (Prohibition) Act,
1988 (45 of 1988) and the rules made thereunder.

Details of Quarterly Statements filed with Banks:

The Company is not required to file quarterly statement of current assets with
banks.

Wilful Defaulter:

The company is not a declared wilful defaulter by any bank or financial
Institution or other lender.

Relationship with Struck off Companies:

The company does not have any transactions with companies struck off under
the Companies Act, 2013 or the Companies Act, 1956.

Registration of charges or satisfaction with Registrar of Companies:

There are no charges or satisfaction yet to be registered with Registrar of
Companies beyond the statutory period.

Compliance with number of layers of companies:

The company has duly 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.

Compliance with approved Scheme(s) of Arrangements:

No Scheme of Arrangements has been approved by the Competent Authority in
terms of sections 230 to 237 of the Companies Act, 2013 for the company.

Undisclosed Income:

There is no income surrendered or disclosed as income during the current or
prior year in the tax assessments under the Income Tax Act, 1961, that have
not been recorded in the books of accounts of company.

Revaluation of property, plant and equipment, intangible asset and
investment property

The Company has revalued the useful life of its property, plant and equipment
or intangible assets during the current year.

Utilization of borrowings availed from banks and financial institutions

There are no Borrowings obtained by the company from Banks & Financial
Institution.

Details of crypto currency or virtual currency

The company has not traded or invested in Crypto Currency or virtual currency
during the current year or previous year.

As per our report of even date

For and on behalf of the Board of Directors
For, S. V. Agrawal & Co. of

Chartered Accountants Navkar Urbanstructure Limited

Firm Reg. No: 100164W

Sd/-

Harsh J Shah

Sd/- Managing Director

CA R D Agrawal DIN : 01662085

Partner

M.No. 149584

Place :- Ahmedabad

Date :- 28/05/2025 Sd/-

UDIN: 25149584BMLKZO9545 Pinki Nirmal Sagar

Director & CFO
DIN : 08113318

Sd/-

Vijay Amulwani
Company Secretary

Place: Ahmedabad
Date : 28/05/2025