1.8 Provisions and Contingent Liabilities

A provision is recognized if, as a result of a past event, the Company has a present legal or constructiveobligation that is
reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation.
The expenses related to provision is presented in statement of profit andloss.

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 recognised 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 recognised
because it cannot be measured reliably. The Company does not recognize a contingent liability but discloses its
existence in the financial statements.

1.9 Earnings Per Equity Share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders
(after deducting dividend attributable taxes) by the weighted average number of equity shares outstanding during the
period.

Partly paid equity shares are treated as a fraction of an equity share to the extenet that htey are entitled to participate in
dividend relative to a fuilly paid equity shares during the reporting period.

Diluted earnings per equity share is calculated by dividing the net profit or loss attributable to the equity shareholders of
the Company by the weighted average number of equity shares considered for deriving basic earnings per equity share
and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive
potential equity shares. The dillutive potential equity shares are adjusted for the proceeds recievable had the equity
shares been actually issued at Dair Value (i.e. average market value of the outstanding equity shares.)Dilutive potential
equity shares are deemed converted at the beginning of the period, unless they have been issued at a later date.

1.10 Income Tax
Taxes

Tax expense comprises current and deferred tax. Tax expense is recognized in net profit in the statement of profit and
loss except to the extent that it relates to items recognized directly in equity or recognized in other comprehensive
income.

Current income tax

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the
taxation authorities. Current income tax for current and prior periods is recognized at the amount expected to be paid to
the tax authorities, using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet
date.

The company offsets current tax assets and current tax liabilities, where it has a legally enforceable rightto set off the
recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle the liability
simultaneously.

Deferred tax

Deferred tax is provided on temporary differences between the tax bases of assets and liabilities and their carrying
amounts for financial reporting purposes at the reporting date. Deferred tax liabilities are recognised for all taxable
temporary differences.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax
credits(MAT) and any unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable
profit will be available against which the deductible temporary differences, and the carry forward of unused tax credits
and unused tax losses can be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extentthat it is no longer
probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised.
Unrecognised deferred tax assets are re-assessed at each reporting date and arerecognised to the extent that it has become
probable that future taxable profits will allow the deferred taxasset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is
realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the
reporting date.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets
against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.

1.11 Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effectsof transactions
of a non-cash nature, any deferrals or accruals of past or future operating cash receipts orpayments and item of income or
expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing
activities of the Company are segregated.

Cash and Cash Equivalents for the purposes of cash flow statement comprise cash at bank and in hand and bank deposit
with banks where original maturity is three months or less.

1.12 Revenue recognition

Ind AS 115 five step model is used to determine whether revenue should be recognised at a point in timeor over time, and
at what amount is as below:

• Step 1: Identify the contract with the customer

• Step 2: Identify the performance obligations in the contract

• Step 3: Determine the transaction price

• Step 4: Allocate the transaction price to the performance obligations

• Step 5: Recognise revenue when (or as) the entity satisfies a performance obligation.

Revenue is recognised upon transfer of control of promised goods or services to customers in an amountthat reflects the
consideration which the Company expects to receive in exchange for those products or services.

1.13 Other Income

Other income is comprised primarily of interest income. Interest income is recognised as and when due on the time
proportion basis by using effective interest method. Interest income is included under the head "other income" in the
Statement of Profit and Loss

1.14 Leases

The Company recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in
which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For
these short-term and low value leases, the Company recognizes the lease payments as an operating expense on a straight¬
line basis over the term of the lease

1.15 Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision
maker. The Board of Directors of the Company has been identified as being the chief operating decision maker by the
management of the Company

(i) During the year 2015-16, the income tax department has raised a demand of Rs. 32,99,140/- for the assessment year 2011-12. The Company has filed an appeal against the
demand before Commissioner of Income Tax (Appeals), Alwar, Rajasthan. The Company believes that there is a fair chance of favorable decision in this matter based on the
discussion with advocate and hence making of provisions is considered not necessary against the same

(ii) There is no other claim against the Company, which is to be acknowledged as a debt (Previous year NIL)

NOTE: 24: Operating Lease

The Company has taken office premises under operating lease agreement. The lease agreement is generally cancellable and is for short term 11 months and is renewable by mutual
consent on mutually agreed terms.

NOTE: 25: Segment Reporting

The Company’s Board of Directors have been identified as the Chief Operating Decision Maker (‘CODM’).Board of Directors reviews the operating results at Company level,
accordingly there is only one Reportable Segment for the Company which is “Providing services for procurements of orders”, hence no specific disclosures have been made as per
Ind AS 108.

(i) The Company has not traded or invested in crypto currency or virtual currency during the period.

(ii) The Company do not have any benami property, where any proceeding has been initiated or pending against the Company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(iii) The Company does not have any transaction with companies struck off under Section 248 of the Companies Act, 2013.

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

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

(v) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the
Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries); or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(vi) The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or
otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries); or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(vii) The Company do not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income in the tax assessments under the
Income-tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income-tax Act, 1961).

(viii) The Company has not been declared wilful defaulter by any bank or financial institution or Government or any Government authority or other lender, in accordance with the
guidelines on wilful defaulters issued by the Reserve Bank of India.

(ix) The Company has complied with the number of layers prescribed under Clause (87) of Section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of
Layers) Rules, 2017 from the date of their implementation.

NOTE: 27: Previous Year's figures

Figures have been recasted/restated wherever necessary to conform to the current year’s presentation

For Gupta Rustagi & Co For and on behalf of the Board of Directors

Chartered Accountants

Firm's Registration Number - 0128701W

Niraj Gupta Altaf Shah Suraj Solanki

Membership No. 100808 Director Director

Partner DIN: 10351528 DIN: 10380845

Place: Mumbai
Dated: 30th May, 2024