e) Provisions and Contingent Liabilities

The Company estimates the provisions that have present obligations as a result of past events
and it is probable that outflow of resources will be required to settle the obligations. These
provisions are reviewed at the end of each reporting period and are adjusted to reflect the
current best estimates.

The Company uses significant judgements to assess contingent liabilities.Contingent liabilities
are recognised when there is a possible obligation arising from past events, the existence of
which 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 where it is either not probable that an outflow of resources will be required to
settle the obligation or a reliable estimate of the amount cannot be made. Contingent assets
are neither recognised nor disclosed in the standalone financial statements.

f) Employee benefits

The accounting of employee benefit plans in the nature of defined benefit requires the
Company to use assumptions. These assumptions have been explained under employee
benefits notes to accounts.

(iii) Financial assets, financial liabilities and equity instruments

Financial assets and liabilities are recognized when the Company becomes a party to the contractual
provisions of the instrument. Financial assets and liabilities are initially measured at fair value.
Transaction costs that are directly attributable to the acquisition or issue of financial assets and
financial liabilities (other than financial assets and financial liabilities at fair value through profit or
loss) are added to or deducted from the fair value measured on initial recognition of financial asset or
financial liability.

The Company derecognizes a financial asset only when the contractual rights to the cash flows from
the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of
ownership of the asset to another entity. The Company derecognizes financial liabilities when, and only
when, the Company's obligations are discharged, cancelled or have expired.

a) Cash and cash equivalents

The Company considers all highly liquid investments, which are readily convertible into known
amounts of cash that are subject to an insignificant risk of change in value, to be cash

equivalents. Cash and cash equivalents consist of balances with banks which are unrestricted
for withdrawal and usage.

b) Financial assets at amortised cost

Financial assets are subsequently measured at amortised cost if these financial assets are held
within a business whose objective is to hold these assets in order to collect contractual cash
flows and the contractual terms of the financial assets give rise on specified dates to cash flows
that are solely payments of principal and interest on the principal amount outstanding.

c) Financial assets at fair value through other comprehensive income

Financial assets are measured at fair value through other comprehensive income if these
financial assets are held within a business whose objective is achieved by both collecting
contractual cash flows on specified dates that are solely payments of principal and interest on
the principal amount outstanding and selling financial assets.

d) Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit or loss unless they are measured at
amortised cost or at fair value through other comprehensive income on initial recognition. The
transaction costs directly attributable to the acquisition of financial assets and liabilities at fair
value through profit or loss are immediately recognized in statement of profit and loss.

e) Investment in Associates

Investment in associate is measured at cost less impairment loss, if any.

f) Financial liabilities

Financial liabilities that carry a floating rate of interest is measured at amortised cost using the
effective interest method.

g) Equity instruments

An equity instrument is a contract that evidences residual interest in the assets of the
company after deducting all of its liabilities. Equity instruments issued by the Company are
recognized at the proceeds received net of direct issue cost.

h) Impairment of financial assets (other than at fair value)

The Company assesses at each date of balance sheet whether a financial asset or a group of
financial assets is impaired.

Ind AS 109 requires expected credit losses to be measured through a loss allowance. The
Company recognizes lifetime expected losses for all contract assets and/or all trade receivables
that do not constitute a financing transaction. In determining the allowances for doubtful trade
receivables, the Company has used a practical expedient by computing the expected credit loss
allowance for trade receivables based on a provision matrix. The provision matrix takes into
account historical credit loss experience and is adjusted for forward looking information. The
expected credit loss allowance is based on the ageing of the receivables that are due and
allowance rates used in the provision matrix. For all other financial assets, expected credit
losses are measured at an amount equal to the 12-months expected credit losses or at an
amount equal to the life time expected credit losses if the credit risk on the financial asset has
increased significantly since initial recognition.

iv) Property, Plant and Equipment

Property, Plant and Equipment are stated at cost comprising of purchase price and any initial directly
attributable cost of bringing the asset to its working condition for its intended use, less accumulated
depreciation (other than freehold land) and impairment loss, if any.

Depreciation is provided for property, plant and equipment on a written down value basis at the rates
prescribed in Schedule II of the Companies Act, 2013, so as to expense the cost less residual value
over their estimated useful lives based on a technical evaluation. The estimated useful lives and
residual values are reviewed at the end of each reporting period, with the effect of any change in
estimate accounted for on a prospective basis.

The estimated useful lives are as mentioned below:

Depreciation is not recorded on capital work-in-progress until construction and installation are
complete and the asset is ready for its intended use.

Property, plant and equipment with finite life are evaluated for recoverability whenever there is any
indication that their carrying amounts may not be recoverable. If any such indication exists, the
recoverable amount (i.e. higher of the fair value less cost to sell and the value-in-use) is determined
on an individual asset basis unless the asset does not generate cash flows that are largely independent
of those from other assets. In such cases, the recoverable amount is determined for the cash
generating unit (CGU) to which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the
carrying amount of the asset (or CGU) is reduced to its recoverable amount. An impairment loss
recognized in the statement of profit and loss.

(v) Intangible assets

Intangible assets purchased are measured at cost as at the date of acquisition, as applicable, less
accumulated amortization and accumulated impairment, if any.

Intangible assets consist of software licences which are amortised over licence period which equates
the economic useful life is 3 years on a straight-line basis over the period of its economic useful life.

Intangible assets with finite life are evaluated for recoverability whenever there is any indication that
their carrying amounts may not be recoverable. If any such indication exists, the recoverable amount
(i.e. higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset
basis unless the asset does not generate cash flows that are largely independent of those from other
assets. In such cases, the recoverable amount is determined for the cash generating unit (CGU) to
which the asset belongs. If the recoverable amount of an asset (or CGU) is estimated to be less than
its carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount.
An impairment loss is recognised in the statement of profit and loss.

(vi) Revenue recognition

The Company derives revenues primarily from Business Process Management services. Arrangements
with customers for Business Process Management services are either on a fixed-timeframe, unit of
work or on a time-and-material basis. Revenues from customer contracts considered for recognition
and measurement when the parties, in writing, to the contract, have approved the contract the parties
to contract are committed to perform their respective obligations under the contract, and the contract
is legally enforceable. Revenue is recognized upon transfer of control of promised products or services
("performance obligations") to customers in an amount that reflects the consideration the Company
has received or expects to receive in exchange for these products or services ("transaction price").
When there is uncertainty as to collectability, revenue recognition postponed until such uncertainty is
resolved. The Company assesses the services promised in a contract and identifies distinct
performance obligations in the contract.

The Company's contracts may include variable consideration including rebates, volume discounts and
penalties. The Company includes variable consideration as part of transaction price when there is a
basis to reasonably estimate the amount of the variable consideration and when it is probable that a
significant reversal of cumulative revenue recognized will not occur when the uncertainty associated
with the variable consideration is resolved

Revenue on time-and-material contracts and unit of work-based contracts are recognized as the
related services are performed. Fixed-price business process management services revenue is
recognized ratably either on a straight line basis when services are performed through an indefinite
number of repetitive acts over a specified period or using a percentage of completion method when the
pattern of benefits from the services rendered to the customer and Company's costs to fulfil the
contract is not even through the period of contract because the services are generally discrete in
nature and not repetitive.

Revenue from other fixed-price, fixed-timeframe contracts, where the performance obligations are
satisfied over time is recognized using the percentage-of-completion method. Efforts or costs
expended have been used to determine progress towards completion as there is a direct relationship
between input and productivity. Progress towards completion is measured as the ratio of costs or
efforts incurred to date (representing work performed) to the estimated total costs or efforts.
Estimates of transaction price and total costs or efforts are continuously monitored over the lives of
the contracts and are recognized in profit or loss in the period when these estimates change or when
the estimates are revised. Revenues and the estimated total costs or efforts are subject to revision as
the contract progresses. Provisions for estimated losses, if any, on uncompleted contracts are recorded
in the period in which such losses become probable based on the estimated efforts or costs to
complete the contract

The billing schedules agreed with customers include periodic performance-based billing and/or
milestone-based progress billings. Revenues in excess of billing classified as unbilled revenue while
billing in excess of revenues classified as contract liabilities (which we refer to as unearned revenues).

The incremental costs of obtaining a contract (i.e., costs that would not been incurred if the contract
had not been obtained) are recognized as an asset if the Company expects to recover them. Certain
eligible, non-recurring costs (e.g. set-up or transition or transformation costs) that do not represent a
separate performance obligation are recognized as an asset when such costs (a) relate directly to the
contract; (b) generate or enhance resources of the Company that will be used in satisfying the
performance obligation in the future; and (c) are expected to be recovered. Such capitalized contract
costs amortized over the respective contract life on a systematic basis consistent with the transfer of
goods or services to customer to which the asset relates.

(vii) Employee benefits

a) Defined benefit plans

For defined benefit plans, the cost of providing benefits is determined using the Projected
Unit Credit Method, with actuarial valuations being carried out at each balance sheet date.
Remeasurement, comprising actuarial gains and losses, the effect of the changes to the
asset ceiling and the return on plan assets (excluding interest), is reflected immediately in
the balance sheet with a charge or credit recognised in other comprehensive income in the
period in which they occur. Past service cost, both vested and unvested, is recognized as an
expense at the earlier of (a) when the plan amendment or curtailment occurs; and (b) when
the entity recognises related restructuring costs or termination benefits.

The retirement benefit obligations recognised in the balance sheet represents the present
value of the defined benefit obligations reduced by the fair value of scheme assets. Any
asset resulting from this calculation is limited to the present value of available refunds and
reductions in future contributions to the scheme.

The Company provides benefits such as gratuity, pension and provident fund (Company
managed fund) to its employees which are treated as defined benefit plans.

b) Defined contribution plans

Contributions to defined contribution plans are recognised as expense when employees
have rendered services entitling them to such benefits.

The Company provides benefits such as superannuation plans to its employees, which are
treated as defined contribution plans.

c) Short-term employee benefits

All employee benefits payable wholly within twelve months of rendering the service are
classified as short-term employee benefits. Benefits such as salaries, wages etc. and the
expected cost of ex-gratia are recognized in the period in which the employee renders the
related service. A liability is recognised for the amount expected to be paid when there is a
present legal or constructive obligation to pay this amount as a result of past service
provided by the employee and the obligation can be estimated reliably.

c) Gratuity and pension

In accordance with Indian law, the Company operates a scheme of gratuity which is a
defined benefit plan. The gratuity plan provides for a lump sum payment to vested
employees at retirement, death while in employment or on termination of employment of an
amount equivalent to 15 to 30 days' salary payable for each completed year of service.
Vesting occurs upon completion of five continuous years of service.

(viii) Cost recognition

Costs and expenses are recognised when incurred and have been classified according to their
nature.

The costs of the Company are broadly categorised in employee benefit expenses, cost of equipment
and software licences, depreciation and amortisation expense and other expenses. Other expenses
mainly include fees to external consultants, facility expenses, travel expenses, communication
expenses, bad debts and advances written off, allowance for doubtful trade receivables and
advances (net) and other expenses. Other expenses are aggregation of costs which are individually
not material such as commission and brokerage, recruitment and training, entertainment, etc.

(ix) Income taxes

Income tax expense comprises current tax expense and the net change in the deferred tax asset or
liability during the year. Current and deferred taxes are recognised in statement of profit and loss,
except when they relate to items that are recognised in other comprehensive income or directly in
equity, in which case, the current and deferred tax are also recognised in other comprehensive
income or directly in equity, respectively.

a) Current income taxes

The current income tax expense includes income taxes payable by the Company. The current
tax payable by the Company in India is Indian income tax payable. Advance taxes and
provisions for current income taxes are presented in the balance sheet after off-setting
advance tax paid and income tax provision.

b) Deferred income taxes

Deferred income tax is recognised using the balance sheet approach. Deferred income tax
assets and liabilities are recognised for deductible and taxable temporary differences arising
between the tax base of assets and liabilities and their carrying amount, except when the
deferred income tax arises from the initial recognition of an asset or liability in a transaction
that is not a business combination and affects neither accounting nor taxable profit or loss at
the time of the transaction.

Deferred income 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 income tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will be available
to allow all or part of the deferred income tax asset to be utilised.

Deferred tax assets and liabilities are measured using substantively enacted tax rates expected
to apply to taxable income in the years in which the temporary differences are expected to be
received or settled.

Deferred tax assets and liabilities are offset when they relate to income taxes levied and the
entity intends to settle its current tax assets and liabilities on a net basis.

(x) Earnings per share

Basic earnings per share is computed by dividing profit or loss attributable to equity shareholders
of the Company by the weighted average number of equity shares outstanding during the year.
The Company did not have any potentially dilutive securities in any of the years presented.

(xi) Government Grants

Government grants has been recognized where there is reasonable assurance that the grant will
be received and all the attached conditions will be complied. When grant relates to an expense
item, it is recognised as income on a systematic basis over the periods that the related costs, for
which it is intended to compensate, as expensed. When grant relates to an asset, it is netted off
with the respective asset.

(xii) Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of an asset that
necessarily takes a substantial period of time to get ready for its intended use or sale are
capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period in
which they occur. Borrowing costs consist of interest and other costs that an entity incurs in
connection with the borrowing of funds.

Capitalization of Borrowing Costs:

Borrowing costs that are directly attributable to the acquisition, construction, or production of a
qualifying asset are capitalized from the date that satisfies all the following conditions:

• Expenditure on the asset is being incurred.

• Borrowing costs are being incurred.

• Activities that are necessary to prepare the asset for its intended use or sale are in progress.
Capitalization of borrowing costs ceases when substantially all the activities necessary to prepare
the qualifying asset for its intended use or sale are complete. Specifically, borrowing costs
incurred on capital work-in-progress (CWIP) are capitalized until the date when the
respective asset is ready for its intended use and is transferred to the relevant fixed
asset category.

Significant Accounting Policies 2

See accompanying notes to the financial statements

As per our report of even date attached

r . . .. . „ „ For and on behalf of the Board of Directors

For Sethia Manoj & Co, ............

We Win Limited

Chartered Accountants
FRN : 021080C

(Abhishek Gupta) (Sonika Gupta)

CA. ^{Manoj Sethia} Managing Director Director

^Prop^ietor DIN: 01260263 DIN: 01527904

M.No.076091

Place : Bhopal ^(Vinay ^{Kumar Giri)} (Ashish. ^Soni)

p, . I ...-n,-™,- Chief Financial Officer ^Comp^any ^Secretary

Dated : 16.05.2025