S. Provisions

Provisions are recognized when, as a result of a past event, the Company has a legal
or constructive obligation; it is probable that an outflow of resources will be required
to settle the obligation; and the amount can be reliably estimated. The amount so
recognized is a best estimate of the consideration required to settle the obligation at
the reporting date, taking into account the risks and uncertainties surrounding the
obligation.

In an event when the time value of money is material, the provision is carried at the
present value of the cash flows estimated to settle the obligation.

T. Operating Segment

The Company operates only in single segment i.e., the Trading of "local computer"
from where it is earning its revenue and incurring expense. The operating results are
regularly reviewed and performance is assessed by its Chief Operating Decision
Maker (CODM). All the company's resources are dedicated to this single segment and
all the discrete financial information is available for this segment.

U. Earnings per share

Basic earnings per share is calculated by dividing profit or loss attributable to the
owners of the company by weighted average number of equity shares outstanding
during the financial year. The weighted average number of equity shares outstanding
during the year is adjusted for events of bonus issue, share split and any new equity
issue. For the purpose of calculating diluted earnings per share, profit or loss
attributable to the owners of the Company and the weighted average number of shares
outstanding during the year are adjusted for the effects of all dilutive potential equity
shares.

V. Contingent liabilities

A disclosure for a contingent liability is made when there is a possible obligation or a
present obligation that may, but probably will not require an outflow of resources.
When there is a possible obligation or a present obligation in respect of which the
likelihood on outflow of resources is remote, no provision or disclosure is made.

W. Financial and Management Information Systems

The Company's Accounting System is designed to unify the Financial Records and
also to comply with the relevant provisions of the Companies Act, 2013, to provide
financial and cost information appropriate to the businesses and facilitate Internal
Control.

The preparation of financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of contingent
liabilities at the date of the financial statements and the results of operations during
the reporting period end. Although these estimates are based upon management's best
knowledge of current events and actions, actual results could differ from these
estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates are recognized in the period in which the estimate
is revised if the revision affects only that period or in the period of the revision and
future periods if the revision affects both current and future periods.

24) Employee Benefits Schemes such as Gratuity, Provident Fund & other staff welfare
schemes are applicable on the Company during the reporting period. But no provision
of gratuity has been made during the reporting period as mandated by "Ind AS-19 on
Employees Benefits", issued by Institute of Chartered Accountants of India and the
expense of Gratuity is not booked on the basis of Actuarial Valuation certificate.

25) For year ended 31^st March, 2024, Company has no dues from any party that is covered
under the Micro, Small & Medium Enterprises Development Act, 2006 (MSMED).

26) The Company has taken certain commercial premises under cancellable operating lease
arrangements. The lease rental clause provides no rental expense to be charged from
lessee (the company). Only security deposit amounting Rs. 105.75 lakhs has been
provided by the company for the rented properties taken on lease by the company.
There is no Lock in period of aforementioned operating leases as on 31st March 2024,
therefore the same are considered as cancellable operating lease.

29) Capital Management

The Company's objective for managing capital is to ensure as under:

a) To ensure the company's ability to continue as a going concern.

b) Maintaining a strong credit rating and healthy debt equity ratio in order to
support business and maximize the shareholder's value.

c) Maintain an optimal capital structure.

d) Compliance financial covenants under the borrowing facilities.

For the purpose of capital management, capital includes issued equity capital, and all
other equity reserves attributable to the equity holders of the Company.

The Company manages its capital structure keeping in view of:

a) Compliance of financial covenants of borrowing facilities.

b) Changes in economic conditions.

In order to achieve this overall objective of capital management, amongst other things,
the Company aims to ensure that it meets financial covenants attached to the borrowing

facilities defining capital structure requirements, where breach in meeting the financial
covenants may permit the lender to call the borrowings.

There has been no breach in the financial covenants of any borrowing facilities in the
current period. There is no change in the objectives, policies or processes for managing
capital over previous year. To maintain the capital structure, the Company may vary
the dividend payment to shareholders.

30) Financial Risk Management

The Company's principal financial liability comprises trade and other payables. The
main purpose of these financial liabilities is to finance the Company's operations. The
Company's principal financial assets include loans, trade and other receivables, and
cash and cash equivalents that derive directly from its operations. The Company also
holds non-current investments measured at amortized cost. The Company is exposed to
market risk, credit risk, interest risk, foreign exchange risk and liquidity risk. The
Company's senior management oversees the management of these risks under
appropriate policies and procedures.

a) Market Risk

Market risk is the risk that the fair value of future cash flows of a financial
instrument will fluctuate because of changes in market prices. Market risk
comprises three types of risk interest rate risk, currency risk and other price
risk, such as equity price risk and commodity risk. Financial instruments
affected by market risk include loans and borrowings, deposits, FVTPL non¬
current investments.

b) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial
instrument will fluctuate because of changes in market interest rates.

c) Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a
financial instrument or customer contract, leading to a financial loss. The
Company is exposed to credit risk from its operating activities (primarily trade
receivables) and from its financing activities, including deposits with banks
and financial institutions, foreign exchange transactions and other financial
instruments. Credit risk is managed by company's established policy,
procedures and control relating to customer credit risk management. Credit
risk has always been managed by the Company through credit approvals,
establishing credit limits and continuously monitoring the credit worthiness of
customers to which the Company grants credit terms in the normal course of
business. On account of adoption of Ind AS 109, the Company uses expected
credit loss model to assess the impairment loss.

d) Liquidity Risk

Liquidity risk refers to risk that the Company may encounter difficulties in
meeting its obligations associated with financial liabilities that are settled in

cash or other financial assets. The Company regularly monitors the rolling
forecasts to ensure that sufficient liquidity is maintained on an ongoing basis
to meet operational needs. The Company manages the liquidity risk by
planning the investments in a manner such that the desired quantum of funds
could be made available to meet any of the business requirements within a
reasonable period of time. In addition, the Company also maintains flexibility
in arranging the funds by maintaining committed credit lines with bank(s) to
meet the obligations.

31) The letters of balance confirmation have been sent by the management to parties of
trade receivables, trade payables, inter-corporate deposits provided and other loans
and advances to confirm their balances as on 31st March, 2024. Balance confirmations
have not been received from parties up to the date of signing of financials. The balances
of such parties have been incorporated in the financial statements at the value as per
the books of account. The company, to the extent stated, has considered them as good
and no balances are required to be written off/ written back against
receivables/payables, except those already provided for in the books of accounts.
Accordingly, all the said account balances are subject to confirmation and
reconciliation.

32) Segment information for the year ended 31^st March 2024

The Company is engaged in a single segment i.e., the Trading of "Local Computers and
other related services" from where it is earning its revenue and incurring expense. The
operating results are regularly reviewed and performance is assessed by its Chief
Operating Decision Maker (CODM). All the company's resources are dedicated to this
single segment and all the discrete financial information is available for this segment.

Geographical Segments

Since the company's operations & activities are within the country and considering the
nature of services it deals in, the risks and returns are the same and as such, there is only
one geographical segment.

(ii) Format as per Schedule III of Companies Act, 2013

The Company has prepared these Standalone Financial Statements as per the
format prescribed by Schedule III to the Companies Act, 2013 ('the Schedule')
issued by Ministry of Corporate Affairs, Government of India for preparation
of Ind AS financial statements.

(iii) Presentation of Figures

The figures appearing in the Standalone Financial Statements have been
prepared in Rupees and all values are rounded to the nearest lakhs, except
when otherwise indicated.

For V Sahai Tripathi& Co

Chartered Accountants
Firm Reg. No. 000262N

_Vi_sh_{was Tr}ip_athi ^{(R M Sharma) (Dee}p^{ali Sh}ar^ma⁾

(Partner) ^{Director Director}

M. No.: 086897

(Siddharth

(Deepika) Sharma)

Chief Financial Officer Whole time director

Place: New Delhi
Dated: May 29,2024