r) Provisions, Contingent Liabilities and Contingent Assets

In conformity with Ind-AS 37, ‘Provisions, Contingent Liabilities and Contingent
Assets’, issued by the ICAI. A provision is recognized when the Company has a
present obligation as a result of past even and it is probable than an outflow of
resources will be required to settle the obligation, in respect of which a reliable
estimate can be made. Provisions (excluding retirement benefits and compensated
absences) are not discounted to its present value and are determined based on the best
estimate required to settle the obligation at the balance sheet date. These are reviewed
at each balance sheet date adjusted to reflect the current best estimates. Contingent
liabilities are not recognized in the financial statements. A contingent asset is neither
recognized nor disclosed in financial statements. The Management reviews on a
periodical basis the outstanding debtors with a view to determine as to whether the
debtors are good, bad or doubtful after taking into consideration all the relevant
aspects. On the basis of such review and in pursuance of other prudent financial
considerations the management determines the extent of provision to be made in the
accounts.

s) Other

i) Details of Benami Property held-

The Company do not have any Benami property, where any proceeding has been
initiated or pending against the Company for holding any Benami property.

ii) Wilful Defaulter

The company has not been declared as a wilful Defaulter by any Financial
Institution or bank as at the date of Balance Sheet

iii) Relationship with Struck off Companies

The Company do not have any transactions with companies struck off.

iv) Registration of charges or satisfaction with Registrar of Companies
(ROC)

The company has no pending charges or satisfaction which are yet to be registered
with the ROC beyond the statutory period

v) Compliance with number of layers of companies

The company has complied with the provision of the number of layers
prescribed under clause (87) of section 2 of the Act read with the Companies
(Restriction on number of Layers) Rules, 2017.

vi) Compliance with approved Scheme(s) of Arrangements

There are no Schemes of Arrangements has been approved by the Competent
Authority in terms of sections 230 to 237 of the Companies Act

vii) Discrepancy in utilization of borrowings

The company has no borrowings from banks and financial institutions.

viii) Undisclosed income

The Company has no transaction that is not recorded in the books of accounts
that has been surrendered or disclosed as income during the year 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).

ix) Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto currency or Virtual Currency.

x) Utilisation of Borrowed funds and share premium:

A) The company has advanced or loaned or invested funds (either borrowed
funds or share premium or any other sources or kind of funds) to any other
person(s) or entity(ies), including foreign entities (Intermediaries).

B) The company has received any fund from any person(s) or entity (ies),
including foreign entities (Funding Party).

The company have not advanced or loaned or invested funds to any other
person(s) or entity(ies), including foreign entities (intermediaries) with the
understanding that the intermediary shall:

a) 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

b) Provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries;

xi) The Company have 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:

a) 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;

b) Provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

i) Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to
the nearest lakhs as per the requirement of Schedule III, unless otherwise stated.

(b) Bonus shares/buyback/shares for consideration other than cash issued during past five years

1 Company has not issued any shares either by way of bonus/right issue nor bought back any share
during the last five years

2 None of sharesholder(s) of Company is it's holding company, ultimate holding company,
subsidiaries, associates of the holding company or associates of the ultimate holding company for
current year and/or previous year.

3 There are no unpaid call money from any of the directors or officers of the company for current and
previous year

Terms / Rights attached to equity shares:

1 Voting

The Company has only one class of equity shares having a par value of Rs. 10/- per share. Each

The Company has not issued any share as fully paid up without payment being received in cash or
as bonus shares nor any share has been bought back by the Compnay in last 5 Year

2 Liquidation

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive

3 Dividends

The Board of Directors do not propose dividend for financial year 2023-24

Disclosure Pursunt as required by the Ind AS -19 Employee Benefit - Gratuity

a) Defined contribution plans

The Company has recognised INR 84798/- towards post-employment defined contribution plans
comprising of provident and superannuation fund in the statement of profit and loss.

b) Defined benefit plan

In accordance with the Payment of Gratuity Act, 1972, the Company is required to provide post¬
employment benefit to its employees in the form of gratuity. The Company has maintained a
fund with the Life Insurance Corporation of India to meet its gratuity obligations. In accordance
with the Standard, the disclosures relating to the Company’s gratuity plan are provided below:

Note: A- 21

Financial instrument and risk management
Fair values

1. The carrying amounts of trade payables, other financial liabilities(current), borrowings (current), trade receivables,
cash and cash equivalents, other bank balances and loans are considered to be the same as fair value.

2. Borrowings (non-current) consists of loans from company , other financial liabilities (noncurrent)

consists of interest accrued but not due on deposits, other financial assets consist of employee advances where the fair
value is considered based on the discounted cash flow.

The fair value of financial assets and liabilities is included at the amount at which the instrument could be exchanged in a
current transaction between willing parties, other than in a forced or liquidation sale.

Set out below, is a comparison by class of the carrying amounts and fair value of the Company’s financial instruments:

Note: A- 22

Financial risk and capital risk management

A) Financial Risk

i) The business activities of the Company expose it to a variety of financial risks, namely market risks (that is,
interest rate risk, credit risk and liquidity risk. The Company’s risk management strategies

focus on the unpredictability of these elements and seek to minimize the potential adverse effects on its financial
performance.

ii) The financial risk management for the Company is driven by the Company’s senior management and internal/ external
experts subject to necessary supervision.

iii) The Company does not undertake any speculative transactions either through derivatives or otherwise. The senior
management is accountable to the Board of Directors and Audit Committee. They ensure that the Company’s financial
risk-taking activities are governed by appropriate financial risk governance framework, policies and procedures. The
Board of Directors periodically reviews the exposures to financial risks, and the measures taken for risk mitigation and
the results thereof.

B) Liquidity Risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due.
Accordingly, as a prudent liquidity risk management measure, the Company closely monitors its liquidity position
and deploys a robust cash management system.

Based on past performance and current expectations, the Company believes that the Cash and cash equivalents
and cash generated from operations will satisfy its working capital needs, capital expenditure, investment
requirements, commitments and other liquidity requirements associated with its existing operations, through at
least the next twelve months.

The table below summarizes the maturity profile of the Company’s financial liabilities based on contractual
undiscounted payments:

The Company’s objective while managing capital is to safeguard its ability to continue as a going concern (so that it is
enabled to provide returns and create value for its shareholders, and benefits for other stakeholders), support business
stability and growth, ensure adherence to the covenants and restrictions imposed by lenders and/ or relevant laws and
regulations, and maintain an optimal and efficient capital structure so as to reduce the cost of capital. However, the
key objective of the Company’s capital management is to, ensure that it maintains a stable capital structure with the
focus on total equity, uphold investor; creditor and customer confidence, and ensure future development of its business
activities. In order to maintain or adjust the capital structure, the Company may issue new shares, declare dividends,
return capital to shareholders, etc

The Company manages its capital structure and makes adjustments to it, in light of changes in economic conditions or
its business requirements.

The Company manages its capital structure and makes adjustments to it, in light of changes in economic conditions or
its business requirements

Note: A- 23
Capital Management

Capital management and Gearing Ratio

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. The primary objective of the company’s capital management is to
maximise shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants. The Company monitors capital using a gearing ratio, which is debt divided by total
capital. The Company includes within debt, interest bearing loans and borrowings.

In terms of our report attached. For and on behalf of the Board of Directors

For L K J & Associates LLP
Chartered Accountants

Richa Kapasi Madan Lal Goyal Ravindra Gopale

Partner DIN:00456394 DIN:09436362

M. No. 138471

Place : Mumbai Place : Mumbai

Date :30th May 2024 Date : 30th May 2024