(k) Provisions, Contingent liabilities, Contingent assets and Commitments:

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 settlethe obligation and a
reliable estimate can be made of the amount of the obligation. The expense relating to a provision is presented in the
statement of profit and loss.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate thatreflects,
when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the
passage of time is recognised as a finance cost.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

A contingent liability is a possible obligation 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;
or a present obligation that arises from past events but is not recognised becauseit is not probable that an outflow of
resources embodying economic benefits will be required to settle the obligation; or the amount of the obligation
cannot be measured with sufficient reliability.

A contingent asset is disclosed, where an inflow of economic benefits is probable.

(l) Earnings per share:

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

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable toequity
shareholders and the weighted average number of shares outstanding during the period are adjustedfor the effects of
all dilutive potential equity shares.

(m) Segment reporting:

The Company has only one segment of activity of dealing in IT products during the period; Hence, segment wise
reporting as defined in Indian Accounting Standard-108 is not applicable.

(n) Inventory:

Inventories are valued at cost or net realizable value whichever is lower, computed on a FIFO basis, after providing for
cost of obsolescence and other anticipate losses, wherever considered necessary. Finished goods include costs of
conversion and other costs incurred in bringing the inventories to their present location and condition as certified by
the management.

(o) Retirement and other employee benefits:

Employee benefits include provident fund and compensated absences.

Defined contribution plans:

Contributions payable to recognized provident funds, which are defined contribution schemes, are charged to the
standalone statement of profit and loss.

Short-term employee benefits:

Short-term employee benefits expected to be paid in exchange for the services rendered by employees are recognised
during the year when the employees render the service. Compensated absences, which are expected to be utilised
within the next 12 months, are treated as short-term employee benefits. The Companymeasures the expected cost of
such absences as the additional amount that it expects to pay as a result of theunused entitlement that has accumulated
at the reporting date.

(p) Cash and cash equivalents:

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short-term depositswith an
original maturity of three months or less, which are subject to an insignificant risk of changes in value are unrestricted
for withdrawal and usage.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as
defined above, net of outstanding bank overdrafts as they are considered an integral part of the Company's cash
management.

(q) Trade Receivable:

Trade receivables are recognized at fair value, the outstanding balances of sundry debtors, advances etc. are verified by the
management periodically and on the basis of such verification management determines whether the said outstanding
balance are good, bad or doubtful and accordingly same are written off or provided for.

Receivables that are expected in one year or less, are classified as current assets, if not they are presented as non-current
assets.

(r) Cash Flow Statement:

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions
of a non-cash nature any deferrals or 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 financing activities
of the Company are segregated.

For the purpose of presentation in the Statement of Cash Flows, cash and cash equivalents includes cash in hand and Balances
with Banks.

Fair value hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or
liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable
inputs).

(*) The fair value of these investments in equity shares are calculated based on discounted cash flow
approach for un-quoted market instruments which are classified as level III fair value hierarchy.

(^A) The carrying values of these accounts are considered to be the same as their fair value, due to their
short term nature. Accordingly, these are classified as level 3 of fair value hierarchy.

31 Financial risk management

The Company has exposure to following risks arising from
financial instruments¬
- credit risk

- market risk

- liquidity risk

(a) Risk management framework

The Company's board of directors has overall responsibility for the establishment and oversight of the Company's risk
management framework. The Company's risk management policies are established to identify and analyze the risks faced
by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management
policies and systems are reviewed regularly to reflect changes in market conditions and the Company's activities.

^(b) Credit risk

Credit risk is the risk that counter party will not meet its obligations under a financial instruments or customer contract
leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables)
from its financing activities including deposits with banks and investment in quoted and un-quoted equity instruments.

i) Trade and other receivables:

Credit risk is managed by each business unit subject to the Company's established policy, procedures and control relating
to customer credit risk management. Outstanding customer receivables are regularly monitored.

The impairment analysis is performed at each reporting date on an individual basis for major customers. In addition, a
large number of minor receivables are grouped into homogeneous groups and assessed for impairment collectively. The
maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets. The Company
does not hold collateral as security.

Expected credit loss (ECL) assessment for corporate customers

The Company allocates each exposure to a credit risk grade based on a variety of data that is determined to be predictive
of the risk of loss (including but not limited to past payment history, security by way of deposits, external ratings, audited
financial statements, management accounts and cash flow projections and available press information about customers)
and applying experienced credit judgement.

ii) Other financial assets and deposits with
banks:

Credit risk on cash and cash equivalent is limited as (including bank balances, fixed deposits and margin money with banks)
the Company generally transacts with banks with high credit ratings assigned by international and domestic credit rating
agencies.

(c) Market Risk
Equity price risk

The Company is exposed to equity price risk from investments in equity securities measured at fair value through profit
and loss. The Management monitors the proportion of equity securities in its investment portfolio based on market indices
and based on company performance for un-equity instruments. Material investments within the portfolio are managed
on an individual basis and all buy and sell decisions are approved by the Board of Directors. Further, major investments in
un-quoted equity instruments are strategic in nature and hence invested for long-term purpose.

Interest rate risk

Interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in
market

interest rates. The Company's exposure to the risk of changes in market interest rates relates primarily to its short
term borrowings in nature of working capital loans, which carry floating interest rates. Accordingly, the Company's
risk of changes in interest rates relates primarily to the Company's debt obligations with floating interest rates.

The following table demonstrates the sensitivity to a reasonably possible change in interest rates, with all other
variables held constant. The impact on entity's loss before tax due to change in the interest rate/ fair value of
financial liabilities are as disclosed below:

(d) Liquidity Risk

Liquidity is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial
liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing the
liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due,
under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the
Company's reputation.

The Company's principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from
operations. The Company believes that the cash and cash equivalents is sufficient to meet its current requirements.
Accordingly no liquidity risk is perceived.

Exposure to liquidity risk

The table below details the Company's remaining contractual maturity for its non-derivative financial liabilities. The
contractual cash flows reflect the undiscounted cash flows of financial liabilities based on the earliest date on which
the Company can be required to pay.

Capital management

The Company's objective is to maintain a strong capital base to ensure sustained growth in business and to
maximize the shareholders value. The Capital Management focuses to maintain an optimal structure that balances
32 growth and maximizes shareholder value.

The Company's adjusted net debt to equity ratio is analyzed as follows:

Capital management

For the purpose of the Company's capital management, capital includes issued equity capital, share
premium and all other equity reserves attributable to the equity holders of the Company. The primary
objective of the Company's capital management is to maximize the shareholder value. The following table
summarizes the capital of the Company.

Contingent liabilities and commitments

There are no contingent liabilities and commitments.

Prior year comparatives

The figures of the previous year have been regrouped/reclassified, where necessary, to conform with the
current year's classification.