(g) Provisions

Provisions are recognised when the Company has a present obligation as a result of a past event,
it is probable that an outflow of resources embodying economic benefits will be required to settle
the obligation and a reliable estimate can be made of the amount of the obligation. If the effect
of the time value of money is material, provisions are discounted using a current pre-tax rate that
reflects, when appropriate, the risks specific to the liability.

The timing of recognition and quantification of the liability (including litigations) requires the
application of judgement to existing facts and circumstances, which can be subject to change. The
carrying amounts of provisions and liabilities are reviewed regularly and revised to take account
of changing facts and circumstances.

(h) Contingent Liabilities

Disclosure of contingent liability is made 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
embodying economic benefits will be required to settle or a reliable estimate of amount cannot
be made.

(i) Employee Benefits Expense

The undiscounted amount of short-term employee benefits expected to be paid in exchange for
the services rendered by employees are recognised as an expense during the period when the
employees render the services

The Company recognises when contribution payable to the provident fund scheme as an expense,
when an employee renders the related service. If the contribution payable to the scheme for
service received before the balance sheet date exceeds the contribution already paid, the deficit
payable to the scheme is recognised as a liability. If the contribution already paid exceeds the
contribution due for services received before the balance sheet date, then excess is recognized
as an asset to the extent that the pre-payment will lead to a reduction in future payment or a
cash refund.

The Company pays gratuity to the employees who have completed five years of service with the
Company at the time of resignation/ superannuation. The gratuity is paid @15 days basic salary
for every completed year of service as per the Payment of Gratuity Act, 1972

(j) Tax Expenses

The tax expenses for the period comprises of current tax and deferred income tax. Tax is
recognised in Statement of Profit and Loss, except to the extent that it relates to items recognised
in the Other Comprehensive Income. In which case, the tax is also recognised in Other
Comprehensive Income

Current Tax

Current tax assets and liabilities are measured at the amount expected to be recovered from or
paid to the Income Tax authorities, based on tax rates and laws that are enacted at the Balance
sheet date.

Deferred Tax

Deferred tax is recognised on temporary differences between the carrying amounts of assets and
liabilities in the Financial Statements and the corresponding tax bases used in the computation
of taxable profit.

Deferred tax assets are recognised to the extent it is probable that taxable profit will be available
against which the deductible temporary differences, and the carry forward of unused tax losses
can be utilised. Deferred tax liabilities and assets are measured at the tax rates that are expected
to apply in the period in which the liability is settled or the asset realised, based on tax rates (and
tax laws) that have been enacted or substantively enacted by the end of the reporting period. The
carrying amount of Deferred tax liabilities and assets are reviewed at the end of each reporting
period.

(k) Revenue Recognition

Revenue from contracts with customers is recognised when control of the goods or services are
transferred to the customer at an amount that reflects the consideration entitled in exchange for
those goods or services. The Company is generally the principal as it typically controls the goods
or services before transferring them to the customer

Generally, control is transferred upon shipment of goods to the customer or when the goods is
made available to the customer, provided transfer of title to the customer occurs and the
Company has not retained any significant risks of ownership or future obligations with respect to
the goods shipped

Revenue from rendering of services is recognized over time by measuring the progress towards
complete satisfaction of performance obligations at the reporting period

Revenue is measured at the amount of consideration which the Company expects to be entitled
to in exchange for transferring distinct goods or services to a customer as specified in the contract,
excluding amounts collected on behalf of third parties (for example taxes and duties collected on
behalf of the government). Consideration is generally due upon satisfaction of performance
obligations and a receivable is recognised when it becomes unconditional

Trade Receivables

A receivable represents the Company's right to an amount of consideration that is unconditional
Contract Liabilities

A contract liability is the obligation to transfer goods or services to a customer for which the
Company has received consideration or is due from the customer. If a customer pays
consideration before the Company transfers goods or services to the customer, a contract liability
is recognised when the payment is made or the payment is due (whichever is earlier).

Contract liabilities are recognised as revenue when the Company performs under the contract.

Interest Income

Interest Income from a Financial Assets is recognised using effective interest rate method.
Dividend Income

Dividend Income is recognised when the Company's right to receive the amount has been
established.

(l) Financial Instruments
i)Financial Assets

Initial Recognition and Measurement

All Financial Assets are initially recognised at fair value. Transaction costs that are directly
attributable to the acquisition or issue of Financial Assets, which are not at Fair Value Through
Profit or Loss, are adjusted to the fair value on initial recognition. Purchase and sale of Financial

Assets are recognized using trade date accounting. However, trade receivables that do not contain
a significant financing component are measured at transaction price

Financial Assets measured at Amortised Cost (AC)

A Financial Asset is measured at Amortised Cost if it is held within a business model whose
objective is to hold the asset in order to collect contractual cash flows and the contractual terms
of the Financial Asset give rise to cash flows on specified dates that represent solely payments of
principal and interest on the principal amount outstanding

Financial Assets measured at Fair Value Through Other Comprehensive Income (FVTOCI)

A Financial Asset is measured at FVTOCI if it is held within a business model whose objective is
achieved by both collecting contractual cash flows and selling Financial Assets and the contractual
terms of the Financial Asset give rise on specified dates to cash flows that represents solely
payments of principal and interest on the principal amount outstanding

Financial Assets measured at Fair Value Through Profit or Loss (FVTPL)

A Financial Asset which is not classified in any of the above categories are measured at FVTPL.
Financial assets are reclassified subsequent to their recognition, if the Company changes its
business model for managing those financial assets. Changes in business model are made and
applied prospectively from the reclassification date following the changes in business model in
accordance with principles laid down under Ind AS 109 - Financial Instruments

Investment in Subsidiaries, Associates and Joint Ventures

The Company has accounted for its investments in Subsidiaries, associates and joint venture at
cost less impairment loss (if any). The investments in preference shares with the right of surplus
assets which are in nature of equity in accordance with Ind AS 32 are treated as separate category
of investment and measured at FVTOCI.

Other Equity Investments

All other equity investments are measured at fair value, with value changes recognized in
Statement of Profit and Loss, except for those equity investments for which the Company has
elected to present the value changes in 'Other Comprehensive Income'. However, dividend on
such equity investments are recognised in Statement of Profit and loss when the Company's right
to receive payment is established.

Impairment of Financial Assets

In accordance with Ind AS 109, the Company uses 'Expected Credit Loss'(ECL) model, for
evaluating impairment of Financial Assets other than those measured at Fair Value Through Profit
and Loss (FVTPL).

ii)Financial Liabilities

Initial Recognition and Measurement

All Financial Liabilities are recognised at fair value and in case of borrowings, net of directly
attributable cost. Fees of recurring nature are directly recognised in the Statement of Profit and
Loss as finance cost.

Financial Liabilities are carried at amortised cost using the effective interest method. For trade
and other payables maturing within one year from the balance sheet date, the carrying amounts
approximate fair value due to the short maturity of these instruments

Derecognition of Financial Instruments

The Company derecognises a Financial Asset when the contractual rights to the cash flows from
the Financial Asset expire or it transfers the Financial Asset and the transfer qualifies for
derecognition under Ind AS 109. A Financial liability (or a part of a Financial liability) is
derecognized from the Company's Balance Sheet when the obligation specified in the contract is
discharged or cancelled or expires.

(m) Non-current Assets Held for Sale

Non-current assets are classified as held for sale if their carrying amount will be recovered
principally through a sale transaction rather than through continuing use and sale is considered
highly probable.

A sale is considered as highly probable when decision has been made to sell, assets are available
for immediate sale in its present condition, assets are being actively marketed and sale has been
agreed or is expected to be concluded within 12 months of the date of classification.

Non-current assets held for sale are neither depreciated nor amortised. Assets and liabilities
classified as held for sale are measured at the lower of their carrying amount and fair value less
cost of disposal and are presented separately in the Balance Sheet.

(n) Earnings Per Share

Basic earnings per share is calculated by dividing the net profit after tax by the weighted average
number of equity shares outstanding during the year adjusted for bonus element in equity share.
Diluted earnings per share adjusts the figures used in determination of basic earnings per share
to take into account the conversion of all dilutive potential equity shares. Dilutive potential equity
shares are deemed converted as at the beginning of the period unless issued at a later date.

(n) Accounting Judgements and Estimation of Uncertainty

The preparation of the Company's Financial Statements requires management to make
judgement, estimates and assumptions that affect the reported amount of revenue, expenses,
assets and liabilities and the accompanying disclosures. Uncertainty about these assumptions and
estimates could result in outcomes that require a material adjustment to the carrying amount of
assets or liabilities affected in next financial years.

25 Commitments and Contingencies

A provision is recognized when the Company has present obligation as a result of past events and it is probable that an outflow of
resources will be required to settle such obligation, in respect of which a reliable estimate can be made. Contingent liabilities not
provided for in the accounts are disclosed in the account by way of notes specifying the nature and quantum of such liabilities..

26 Disclosure Pursuant to Employment Benefits

The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employees are
recognised as an expense during the period when the employees render the services. The Company pays gratuity to the employees who
have completed five years of service with the Company at the time of resignation/ superannuation. The gratuity is paid @15 days basic
salary for every completed year of service as per the Payment of Gratuity Act, 1972, Hawever None of employee complete the minimum
5 year of service, hence no provision has been made for gratuity payment.

30 Balances in the accounts of debtors, creditors and con-tracts and contractors, certain Bank Accounts are taken subject to
confirmation and reconciliation and only upon such confirmation and reconciliation, the entries for discounts, claims and writing
off sundry balances etc. will be recorded in the books.

31 In the absence of detailed information from Small Scale and Ancillary Undertaking, included under the head Sundry Creditors dues there
from are not ascertained as on the date of Balance Sheet.

32 CSR Activity

As per the Companies Act, 2013, all companies having a net woth of Rs. 500 crore or more, or a turnover of Rs. 1000 crore or more or a
net profit of Rs. 5 crore or more during any financial year are required to constiture a CSR Committee of the Board of Director comprising
three director. All such companies are requaired to spend at least 2% of the average net profit of their three immediately preceding
financial years on CSR-related activities. , hence the provisions of CSR activity not applicable to the company

33 Fair Value of Financial assets and Liabilities:

Set out below is the comparison by class of carrying amounts and fair value of Company's financial instruments that are recognized in
the financial statements.

The Management assessed that the fair value of financial liabilities approximate their carrying amounts largely due to the short term
maturities of these instruments

34 Financial risk Management:

The Company's business activities are exposed to a variety of financial risks, namely liquidity risk, market risks and credit risk. The
Company's senior management has the overall responsibility for establishing and governing the Company 's risk management
framework

The Company's activities expose it to credit risk, liquidity risk and market risk. This note explains the sources of risks which the entity is
exposed to and how it mitigates that risk.

Liquidity risk:

Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities.The Company's
approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due

Market risk:

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices.
Market prices comprise three types of risk: currency rate risk, interest rate risk and other price risks, such as equity price risk and
commodity risk. Financial instruments affected by market risk include loans and borrowings and investments in securities.

Foreign currency risk

The Company is exposed to insignificant foreign exchange risk as at the respective reporting dates.

Credit Risk

Credit risk is the risk of financial loss to the Company that a customer or counter party to a financial instrument fails to meet its
obligations. The Company is exposed to credit risk from its investing activities, including deposits with banks.

Trade and other receivables:

The Company extends credit to customers in normal course of business. The Company considers factors such as credit track record in
the market and past dealings for extension of credit to customers. To manage credit risk, the Company periodically assesses the
financial reliability of the customer, taking into account the financial condition, current economic trends, and analysis of historical bad
debts and aging of accounts receivables. Outstanding customer receivables are regularly monitored to make an assessment of
recoverability. Receivables are provided as doubtful / written off, when there is no reasonable expectation of recovery. Where
receivables have been provided / written off, the Company continues regular follow-up , engage with the customers, legal options / any
other remedies available with the objective of recovering these outstandings.

Cash and cash equivalents and other investments

The Company is exposed to counter party risk relating to medium term deposits with banks. The Company considers factors such as
track record, size of the institution, market reputation and service standards to select the banks with which balances and deposits are
maintained. Generally, the balances are maintained with the institutions with which the Company has also availed borrowings. The
Company does not maintain significant cash and deposit balances other than those required for its day to day operations.

35 Additional regulatory information required by Schedule III

i) Details of benami property held -

No proceedings have been initiated on or are pending against the company for holding benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

ii) Borrowing secured against current assets

No loan facilities availed by the Company against the current assets as primary security, hence, reporting Quarterly return/statements
reconciliation with books of accounts is not applicable.

iii) Wilful defaulter

Company have not been declared wilful defaulter by any bank or financial institution or government or any government authority.

iv) Relationship with struck off companies

The company has no transactions with companies struck off under Companies Act, 2013 or Companies Act, 1956.

v) Registration of charges or satisfaction with Registrar of Companies

No charges was created or satisfied during the year , hence the Registration of chrages or satisfication of charges with Resistrar of
Companies was not applicable

vi) Compliance with number of layers of companies

The company has complied with the number of layers prescribed under the Companies Act, 2013.

vii) Compliance with approved scheme(s) of arrangements

The company has not entered into any scheme of arrangement which has an accounting impact on current financial year.

viii) Undisclosed Income

The company has not surrendered or disclosed as income during the current or previous year in the tax assessments under the Income
Tax Act, 1961, that has not been recorded in the books of account.

ix) Details of crypto currency or virtual currency

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

x) Valuation of PP&E, intangible asset and investment property

The company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets during the current or
previous year.

xi) Utilisation of equity and Share premium

The company has 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

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:

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

36 Other Information

In the opinion of the management, the current assets and loans & advances are approximately of the value stated, if realised / paid in the
ordinary course of business. The provisions for all known liabilities is adequte and is not in excess of amounts considered reasonably
necessary.

37 Other information required under part I and Part II of schedule III of Companies Act 2013, are either NIL or NOT Applicable

41 The previous year figures have been regrouped, rearranged wherever necessary.

As per our report of even date attached

FOR RISHI SEKHRI & ASSOCIATES For and on Behalf of the Board of Directors of

Chartered Accountants Aadhaar Ventures India Limited

Firm Registration Number: 128216W

SD/- SD/- SD/-

Rishi Sekhri Sanjay Atmaram Devlekar Veenu Devidas Chougule

Proprietor (Director) (Director)

M No:126656 DIN:07847440 DIN:07019614

UDIN: 24126656BKAJ RZ5716

SD/- SD/-

Place : Surat Surbhi Kothari Yeshunath D Kamble

Date : 29/05/2024 Company Secretary Chief Financial Officer