12. Provision, 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 of the company as on
March 31, 2025 are as follows:

13. Accounting for Leases

A lease is classified at the inception date as finance lease or an operating lease. A lease that transfers substantially all the risk
and rewards incidental to the ownership to the Company is classified as a finance lease.

The Company as a lessee:

i. Operating Lease: - Rental payable under the operating lease are charged to the Statement of Profit and Loss on a
Straight-line basis over the term of the relevant lease.

ii. Finance Lease: - Finance lease is capitalized at the commencement of the lease, at the lower of the fair value of the
property or the present value of the minimum lease payments. The corresponding liability to the lessor is included in
the Balance Sheet as a finance lease obligation. Lease payments are apportioned between finance charges and the
reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability.
Finance charges are charged directly against the income over the period of the lease.

The Company has not provided any of its assets on the basis of operating lease or finance lease to others.

14. Cashflow

Cash flows are reported using the indirect method, whereby net profit before tax is adjusted for the effects of transactions of a
non-cash nature and any deferrals of past or future cash receipts and payments. The cash flows from regular operating, invest¬
ing and financing activities of the company are segregated.

15. Earnings Per Share

The Company reports the basic and diluted Earnings per Share (EPS) in accordance with Accounting Standard 20, "Earnings
per Share". Basic EPS is computed by dividing the Net Profit or Loss attributable to the Equity Shareholders for the year by the
weighted average number of equity shares outstanding during the year. Diluted EPS is computed by dividing the Net Profit or
Loss attributable to the Equity Shareholders for the year by the weighted average number of Equity Shares outstanding during
the year as adjusted for the effects of all potential Equity Shares, except where the results are Anti - Dilutive.

The weighted average number of Equity Shares outstanding during the period is adjusted for events such a Bonus Issue, Bonus
elements in right issue, share splits, and reverse share split (consolidation of shares) that have changed the number of Equity
Shares outstanding, without a corresponding change in resources.

16. Discontinuing Operations

During the year the company has not discontinued any of its operations.

17. Event after Reporting Date

Material events occurring after the balance sheet are considered up to the date of approval of the accounts by the board of
directors.

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

19. 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.

20. Balances of Trade Payables, Trade Receivable and Loans and Advances are subject to confirmations and reconciliation if any, by
the respective parties.

21. The account balances existing at the beginning of the period have been relied upon the audited financial statements.

22. Amounts are in lakhs except units are in actual numbers wherever required considered accordingly for respective computations.

23. Segment Reporting

The company is engaged in gas distribution solutions and management & technical advisory services. Company doesn't have
separate parts of the business that focus on specific products or services, each with its own risks and rewards.

24. Statement of Management

i. The current assets, loans and advances are good and recoverable and are approximately of the values, if realized in
the ordinary courses of business unless and to the extent stated otherwise in the Accounts. Provision for all known
liabilities is adequate and not in excess of amount reasonably necessary.

ii. Balance Sheet, Statement of Profit and Loss and Cash Flow Statement read together with Notes to the accounts
thereon, are drawn up so as to disclose the information required under the Companies Act, 2013 as well as give a true
and fair view of the statement of affairs of the Company as at the end of the year and results of the Company for the
year under review.

25. Related Party Disclosure (AS 18)

Related party transactions are reported as per AS-18 of Companies (Accounting Standards) Rules, 2006, as amended.

26. Title deeds of immovable property

According to the information and explanations given to us, the records examined by us, the title deed / lease deed of immovable
properties included in Property Plant and Equipment are held in the name of company.

27. Revaluation of property, plants and equipment's

The Company has not revalued its Property, Plant and Equipment for the current year.

28. Loans or Advances in the nature of loans

Loans or Advances in loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act,
2013,) either severally or jointly with any other person.

29. Notes forming part of accounts in relation to Micro and small enterprise

Based on information available with the company, on the status of the suppliers being Micro or small enterprises, on which the
auditors have relied, the disclosure requirements of Schedule III to the Companies Act, 2013 with regard to the payments made/
due to Micro and small Enterprises are given below:

The company has initiated the process of obtaining the confirmation from suppliers who have registered themselves under the
Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) but has not received the same in totality. The
above information is compiled based on the extent of responses received by the company from its suppliers.

30. Intangible assets under development

There are no Intangible assets under development in the current year.

31. Details of Benami property held

The company does not hold any benami property under the Benami Transaction (prohibition) act, 1988 and the rules there
made under. Hence any proceeding has not been initiated or pending against the company for holding any benami property
under the Benami Transaction (prohibition) act, 1988 and rules made there under

35. Willful Defaulter

The company has not been declared as willful defaulter by any bank or financial institution or government or government au¬
thority during the year reporting period.

36. Relationship with struck off companies

The company does not have transaction with the struck off under section 248 of companies act, 2013 or section 560 of com¬
panies act, 1956.

37. Registration of charges or satisfaction with Registrar of companies

The company does not have any charges or satisfaction, which is yet to be registered with ROC beyond the statutory period.

38. Compliance with number of layers of companies

The company is in compliance with the number of layers prescribed under clause (87) of section 2 of company's act read with

39. Compliance with approved scheme of Arrangements

Company does not have made any arrangements in terms of section 230 to 237 of companies act 2013, and hence there is no
deviation to be disclosed.

40. Utilization of borrowed funds and share premium

During the year ended on March 31, 2025, the Company has not advanced or loaned or invested funds (either borrowed funds
or share premium or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the
understanding (whether recorded in writing or otherwise) 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

During the year ended on March 31, 2025, the Company has 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:

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 on behalf of the ultimate beneficiaries

41. Issue of Shares

The Company has completed its Initial public offer ("IPO") of 20,48,400 Equity shares of face value of Rs 10 at an issue price of Rs
250 per share. The issue comprised of fresh issue of 20,48,400 equity share aggregating to Rs 5,121 Lakhs. IPO expense incurred
amounting to Rs 527.66 Lakhs (excluding taxes) has been adjusted against Security Premium.

43. Details of crypto currency and virtual currency

The company has not traded or invested in crypto currency or virtual currency during the financial year.

44. Undisclosed income

The company has no such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as
income during the years 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.

As per our Report of Even Date attached

For, ABHISHEK KUMAR & ASSOCIATES For & on behalf of Board of Directors

CHARTERED ACCOUNTANTS POSITRON ENERGY LIMITED

Firm Registration Number: 130052W

Sd/-

Sd/- Sd/- Sd/-

CA ABHISHEK AGARWAL

Proprietor Madhuri Mistry Rajiv Menon Sujit Sugathan

_Membersh_{ip N}o._{: 132305} Company Secretary Managing Director Whole-time Director

UDIN: 25132305BMHVVR1485 ^M- ^No'^{: A37347 DIN:} 1958636 DIN: 1959364

Date: May 03, 2025
Place: Ahmedabad