2.13 Provisions, Contingent Liabilities and Contingent Assets

A. Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.

B. Contingent liabilities

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by
occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the company or a present obligation that arises
from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount can not be
made.

C. Contingent assets

Contingent assets are disclosed, where an inflow of economic benefit is probable.

Provisions, contingent liabilities and contingent assets are reviewed at each balance sheet date.

2.14 Statement of Cash flows

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

2.15 Earnings per share

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

2.16 Dividend to Equity Shareholders

Final Dividend to equity shareholders is recognised as a liability and deducted from shareholder's equity in the period in which the dividends are
approved by the equity shareholders in the general meeting. Interim dividends to equity shareholders is recognised as a liability and deducted from
shareholder's equity in the period in which the dividends are approved by the board of directors.

a) Rights, preferences and restrictions attached to shares

Equity shares

The Company has one class of equity shares having a par value of Rs 10/- each. Each shareholder is eligible for one vote per share held.

The dividend proposed by Board of Directors is subject to approval of shareholders in the ensuing Annual General Meeting. In the event of liquidation,
the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their
shareholding.

• The variance in the ratio (s) are due to the following reason : The company has reduced its focus on the Bulk transactions with
effect from 01st July 2024, as per the guidelines of the Reserve Bank of India. The company has also opened 8 new branches
during the year where, being the initial year of operation, the operating costs were higher. The company has also utilised its
Overdraft facilities and incurred interest expenses. This has resulted in a lower turnover and lower profits for the year.

Profit from sale of quoted shares also were less in comparison to previous year due to volatility in the equity market. These
factors have resulted in the variation of the afore-said ratios.

38 Previous year's figures have been re-grouped/re-arranged wherever found necessary

In terms of our report of even date attached.

For CHANDARANA & SANKLECHA For and on behalf of the Board of Directors

Chartered Accountants

Firm Regn No. 000557S

Mahaveer Chand Khariwal Pavan Kumar Kavad

Director Managing Director

BHARAT RAJ SANKLECHA DIN : 00671041 DIN : 07095542

Proprietor

Membership No. 027539

Place : Chennai Kalpesh Kumar Kavad

Date : 24th May 2025 Chief Financial Officer