7. CONTINGENT LIABILITIES: NIL

A contingent liability is a possible obligation that arises from past events whose existence will
be confirmed by the occurrence or non-occurrence of one or more uncertain future events
beyond the control of the Company or a present obligation that is not recognized because it is
not probable that an outflow of resources will be required to settle the obligation. A contingent
liability also arises in extremely rare cases where there is a liability that cannot be recognized
because it cannot be measured reliably. A disclosure is made for a contingent liability when
there is a:

a) possible obligation, the existence of which will be confirmed by the occurrence/non-
Occurrence of one or more uncertain events, not fully with in the control of the Company;

b) present obligation, where it is not probable that an outflow of resources embodying
Economic benefits will be required to settle the obligation;

c) Present obligation, where a reliable estimate cannot be made.

8. TAXES ON INCOME:

The accounting treatment followed for taxes on income is to provide for Current Tax and
Deferred Tax. Current Tax is the amount of Income Tax determined to be payable in respect of
taxable income for the Year. Deferred Tax is recognized, subject to the consideration of
prudence, at substantively enacted rates on timing differences, being the difference between
taxable incomes and accounting income that originate in one period and are capable of reversal
in one or more subsequent periods.

9. CASH AND CASH EQUIVALENTS:

Cash and cash equivalents for the purposes of cash flow statements comprise cash at bank and
in hand and short-term investments with an original maturity of three months or less.

10. AUDIT TRAIL:

The Company has not maintaining Audit T rail as per provision to rule 3(1) of the Companies
(Accounts) Rule, 2014.

(B). NOTES ON ACCOUNTS:

1. In the opinion of the management, Current Assets, Loans & Advances have a value on realization
at least equal to the amount at which they are stated in the Balance Sheet. Adequate provisions
have been made for all known liabilities.

2. Expenditure in foreign Currency: NIL

3. AUDITOR'S REMUNERATION:

2023-24 2022-23

Auditor’s Remuneration 130,000 100,000

4. Previous year’s figures have been re-arranged / re- grouped, wherever felt necessary.

As per our report of even date annexed

For PANKAJ VERMA & ASSOCIATES for and on Behalf of the Board

Chartered Accountants

Firm Regn No. 322593E Sd/- Sd/-

SUNITA SHROFF PUSPJEET KUMAR

Sd/- (Director) (Director)

^{(PANKAJ K VERMA)} (DIN:08797136) (DIN: 00548463)

Proprietor

Membership No.056691

ICAI UDIN: 24056691BKIMWN4499 Sd/- Sd/-

Place: KOLKATA ANJALI GUPTA

Dated: 22/06/2024 SOURAV MONDAL (Company Secretary)

(Chief Financial Officer) (m No. 63182)