q. AS - 29 Provisions Contingent liabilities and contingent assets

• Provisions involving substantial degree of estimation in measurement are
recognized when there is a present obligation as a result of past events
and it is probable that there will be an outflow of resources.

• Contingent Liabilities are not recognized but are disclosed in the notes.

• Contingent Assets are neither recognized nor disclosed in the financial
statements.

• Provisions, Contingent Liabilities and Contingent Assets are reviewed at
each Balance Sheet Date.

Note:

• "The Company is an SMC as defined in the general instruction in respect
of accounting standard noticed under the companies Act, 2013.
Accordingly, the company has complied with the accounting standard as
applicable to an SMC." So AS - 3 & 17 is not applicable to SMC and also
Diluted EPS is not applicable to the SMC.

• Since there is no Subsidiary of reporting entity so AS - 21, 23, & 27 is
not applicable.

For D G M S & Co. For and on behalf of the Board of Directors of

FABINO LIFE SCIENCES LIMITED

Chartered Accountants

Sd/- Sd/- ^Sd/-

Hiren J Maru Arihant Jai n Aditya Mahavir Jain

Partner Director Director

M. No. 115279 DIN: 08280553 DIN: 09353344

Place: Mumbai Place: Delhi

Date : 28^th May 2024 Date : 28^th May 2024

26. The previous year's figures have been reworked, regrouped, and reclassified
wherever necessary. Amounts and other disclosures for the preceding year are
included as an integral par of the current year financial statements and are to
be read in relation to the amounts and other disclosures relating to the current
year.

27. Credit and Debit balances of unsecured loans, sundry creditors, sundry
Debtors, loans and Advances are subject to confirmation and therefore the
effect of the same on profit could not be ascertained.

28. Based on the information given by the Company about Creditor's S.M.E.
status, there is no amount due to such creditors outstanding for over 30 days
as at 31st March 2024.

34. Defined Contribution Plan:-

As per Accounting Standard 15 "Employee Benefits", the disclosures as defined
in the Accounting Standard are given below Contribution to Defined Contribution
Plans, recognized as expenses for the year is as under:

2023-24 2022-23

Employer's Contribution to Provident Fund NIL NIL

35. Details of Benami Property Held

There are no proceedings have been initiated or pending against the company for
holding any benami property under the Prohibition of Benami Property
Transactions Act, 1988 and the Rules made thereunder

36. Security of current assets against borrowings

The company has not borrowings 'during any point of time of the year' from banks
or financial institutions on the basis of security of current assets

37. Wilful Defaulter

The company is not declared as wilful defaulter (at any time during the financial
year or after the end of reporting period but before the date when financial
statements are approved or in an earlier period and the default has continued for

the whole or part of the current year) by any bank or financial institution or other
lender.

38. Relationship with struck off companies

The company do not have any transaction with companies struck off under section
248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.

39. Registration of charges or satisfaction with Registrar of companies

The company do not have any charges or satisfaction yet to be registered with
Registrar of Companies beyond the statutory period, details and reasons thereof
shall be disclosed. Such details may include a brief description of the charges or
satisfaction, the location of the Registrar, the period (in days or months) by which
such charge had to be registered and the reason for delay in registration.

The company shall provide a commentary explaining any change (whether
positive or negative) in the ratio by more than 25% compared to the ratio of
preceding year.

41. Utilisation of Borrowed fund and share premium

A) Where a company has advanced or loaned or invested funds to Intermediaries
with the understanding that the Intermediary shall:

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries, the company shall disclose the following:

(I) date and amount of fund advanced or loaned or invested in Intermediaries with
complete details of each Intermediary.

(II) date and amount of fund further advanced or loaned or invested by such
Intermediaries to other intermediaries or Ultimate Beneficiaries along with
complete details of the ultimate beneficiaries.

(III) date and amount of guarantee, security or the like provided to or on behalf of
the Ultimate Beneficiaries.

(IV) declaration that relevant provisions of the Foreign Exchange Management Act,
1999 (42 of 1999) and the Companies Act has been complied with for such
transactions and the transactions are not violative of the Prevention of Money¬
Laundering Act, 2002 (15 of 2003).

(B) Where a company has received any fund from any Funding Party with the
understanding that the company shall:

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries, the company shall disclose the following:

(I) date and amount of fund received from Funding parties with complete details
of each Funding party.

(II) date and amount of fund further advanced or loaned or invested in other
intermediaries or Ultimate Beneficiaries along with complete details of the other
intermediaries' or ultimate beneficiaries.

(III) date and amount of guarantee, security or the like provided to or on behalf of
the Ultimate Beneficiaries.

(IV) declaration that relevant provisions of the Foreign Exchange Management Act,

1999 (42 of 1999) and Companies Act has been complied with for such
transactions and the transactions are not violative of the Prevention of Money¬
Laundering Act, 2002 (15 of 2003).

42. Undisclosed Income

The company do not have any transaction not recorded in the books of accounts
that has been surrendered or disclosed as income during the year 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), unless there is immunity
for disclosure under any scheme. The company shall also not have the previously
unrecorded income and related assets have been properly recorded in the books of
account during the year.

43. Details of Cyrpto Currency or Virtual Currency

The company has not traded or invested in Crypto Currency or Virtual Currency
during the financial year, the following shall be disclosed:

(a) profit or loss on transactions involving Crypto Currency or Virtual Currency;

(b) amount of currency held as at the reporting date;

(c) deposits or advances from any person for the purpose of trading or investing in
Crypto Currency / Virtual Currency.

For D G M S & Co. For and on behalf of the Board of Directors of

FABINO LIFE SCIENCES LIMITED

Chartered Accountants

Sd/- Sd/- Sd/^-

Hiren J Maru Arihant Jai n Aditya Mahavir Jain

Partner Director Director

M.No. 115279 DIN:08280553 DIN:09353344

Place: Mumbai Place: Delhi

Date : 28^th May 2024 Date : 28^th May 2024