2.9 - Provisions, Contingent liabilities, Contingent assets and Commitments: General

Provisions are recognised when the Company has a present obligation (legal or constructive) 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. Provisions are determined based on management
estimates required to settle the obligation at the balance sheet date, supplemented by experience of similar transactions.
These are reviewed at the balance sheet date and adjusted to reflect the current management estimates.

Contingent liabilities are disclosed 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 or a reliable estimate of the amount cannot be made, is termed as a contingent
liability.

Contingent assets are neither recognised nor disclosed.

2.10 - Earnings per share

Basic earnings per share are calculated by dividing the net profit for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period. No instruments have been issued by the
company or are outstanding on the end of the reporting period that has the potential to dilute the EPS.

2.11- Trade Receivables

Trade receivables are amounts due from customers for services performed in the ordinary course of business. Trade
receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant
financing components, when they are recognised at fair value. The Company holds the trade receivables with the
objective to collect the contractual cash flows and therefore measures them subsequently at amortised cost using the
effective interest method, less loss allowance.

2.12 - Employee benefits - Short-term employee benefits

Short term employee benefits include salaries and short-term cash bonus. A liability is under short-term cash bonus or
target-based incentives if the Company has 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. These costs are recognised as an expense
in the Statement of Profit and Loss at the undiscounted amount expected to be paid over the period of services rendered
by the employees to the Company.

2.13 - Borrowing costs

Borrowing costs include interest expense as per the effective interest rate (EIR) and other costs incurred by the Company
in connection with the borrowing of funds. Borrowing costs are recognized as an expense in the year in which they are
incurred. The difference between the discounted amount mobilized and redemption value of commercial papers is
recognized in the statement of profit and loss over the life of the instrument using the EIR.

2.14 Income tax

The income tax expense comprises current and deferred tax incurred by the Company. Income tax expense is recognised
in the income statement except to the extent that it relates to items recognised directly in equity or OCI, in which case the
tax effect is recognised in equity or OCI. Income tax payable on profits is based on the applicable tax laws in each tax
jurisdiction and is recognised as an expense in the period in which profit arises.

Current tax is the expected tax payable/receivable on the taxable income or loss for the period, using tax rates enacted for
the reporting period and any adjustment to tax payable/receivable in respect of previous years. Current tax assets and
liabilities are offset only if, the Company has a legally enforceable right to set off the recognised amounts; and intends
either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for
financial reporting purpose and the amounts for tax purposes. The measurement of deferred tax reflects the tax
consequences that would follow from the manner in which the Company expects, at the reporting date, to recover or
settle the carrying amount of its assets and liabilities.

Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are
recognised, for all deductible temporary differences, to the extent it is probable that future taxable profits will be
available against which deductible temporary differences can be utilised.

Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they reverse,
based on the laws that have been enacted or substantively enacted by the reporting date.

Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that
the related tax benefit will be realized, such reductions are reversed when the probability of future taxable profits
improves.

The tax effects of income tax losses, available for carry forward, are recognised as deferred tax asset, when it is probable
that future taxable profits will be available against which these losses can be set-off. Unrecognised deferred tax assets are
re-assessed at each reporting date and are recognised to the extent that it has become probable that future taxable profits
will allow the deferred tax asset to be recovered.

Note- 2.15 Critical and significant accounting judgements, estimates and assumptions
Critical estimates and judgements

The following are the critical judgements, apart from those involving estimations that the management have made in the
process of applying the Company's accounting policies and that have the most significant effect on the amounts
recognized in the financial statements. Actual results may differ from these estimates.

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

(a) Useful lives of property, plant and equipment and intangible assets

Management reviews the useful lives of depreciable assets at each reporting. As at March 31, 2024 management assessed
that the useful lives represent the expected utility of the assets to the Company. Further, there is no significant change in
the useful lives as compared to previous year.

(b) Recognition and measurement of provision and contingencies

The recognition and measurement of other provisions are based on the assessment of the probability of an outflow of
resources, and on past experience and circumstances known at the reporting date. The actual outflow of resources at a
future date may therefore, vary from the amount included in other provisions.

(c) Recognition of deferred tax assets / liabilities:

Deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the
carrying values of assets and liabilities and their respective tax bases. Deferred tax assets are recognized to the extent
that it is probable that future taxable income will be available against which the deductible temporary differences could
be utilized.

Significant accounting judgements, estimates and assumptions

The preparation of the company's financial statements requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying
disclosures, and the disclosure of contingent liabilities. 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 future periods.

Judgements

In the process of applying the company's accounting policies, management has made the following judgements, which
have the most significant effect on the amounts recognised in the standalone financial statements.

Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that
have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year, are described below. The company based on its assumptions and estimates on parameters available when
the financial statements were prepared. Existing circumstances and assumptions about future developments, however,
may change due to market changes or circumstances arising that are beyond the control of the company. Such changes
are reflected in the assumptions when they occur.

Provision and contingent liability

On an ongoing basis, Company reviews pending cases, claims by third parties and other contingencies. For contingent
losses that are considered probable, an estimated loss is recorded as an accrual in financial statements. Loss
Contingencies that are considered possible are not provided for but disclosed as Contingent liabilities in the financial
statements. Contingencies the likelihood of which is remote are not disclosed in the financial statements. Gain
contingencies are not recognized until the contingency has been resolved and amounts are received or receivable.

In terms of our report attached

For A R P A N & Associates LLP For and on behalf of the Board of Directors of

(formerly A Yadav & Associates LLP) Arunis Abode Limited

Chartered Accountants

Firm Registration No: 129725W/W100686

Mrs. Dhara Desai Mr. Deniis Desai

Managing Director Director

DIN: 02926512 DIN: 02904192

CA Arvind Yadav Ms. Heena Gupta Mrs. Garima Mandhania

Partner Chief Financial Officer Company Secretary

Membership No: 047422 & Compliance Officer

UDIN: 24047422BKBLKA7940

Vadodara Mumbai

24th May 2024 24th May 2024

In previous year, the management has changed its policy of presentation of funds invested in financial instruments being
shares and mutual funds traded in Cash and Future & Options segments. Such securities were hitherto classified as
"Investments" which are now classified as "Securities for trade". This voluntary change is made because it provides in
more reliable and relevant information to the users of Company's financial statements.

Accordingly, the company has presented balance sheet as at the earliest reporting period duly taking into account change
in presentation. There is no change in measurement of financial instruments covered in above change as they have been
measured at fair value through profit and loss.

Further, the management has discontinued active trading / investing in shares and mutual funds in Cash and Future &
Options segments from February, 2024.

Note 30 Operating Segments

(a) The Company has two operating segments - real estate consultancy and the trading in securities.

(b) Segment Revenue, Segment Results, Segment Assets and Segment Liabilities include the respective amounts
identifiable to each of the segments as also amounts allocated on a reasonable basis.

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves
attributable to the equity holders of the Company. The primary objective of the Company's capital management is to
ensure that it maintains an efficient capital structure and healthy capital ratios in order to support its business and
maximise shareholder value.

The Company determines the capital management requirements on the basis of Annual Budget and other strategic
investment plans as approved by the Board of Directors. The Company manages its capital structure and makes
adjustments to it in light of changes in economic conditions or its business requirements. To maintain or adjust the capital
structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new
shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The
Company includes within net debt, interest bearing loans and borrowings less cash and short-term deposits (including
other bank balance).

Note 32 Financial instruments - Fair values and risk management

The significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which
income and expenses are recognised, in respect of each class of financial asset, financial liability and equity instrument are
disclosed in Note 2 to the Financial Statements.

Financial Instrument measured at amortised cost

The carrying amount of financial assets and financial liabilities measured at amortised cost in the financial statements are
a reasonable approximation of their fair values since the Company does not anticipate that the carrying amounts would be
significantly different from the values that would eventually be received or settled.

Note 33 Financial risk management
Risk management framework

The Company's principal financial liabilities comprises of borrowings, trade and other payables, and financial liabilities.
Company uses short term bank facilities in the form of cash credit facilities with the bank. (refer note 17 for balance
outstanding as at the balance sheet date). The main purpose of these financial liabilities is to finance the Company's
operations to support its operations. The Company's principal financial assets include investments, trade and other
receivables, cash and cash equivalents, other bank balances and other financial assets that derive directly from its
operations.

The Company has an effective risk management framework, which helps the Board to monitor the risks controls in key
business processes. In order to minimise any adverse effects on the bottom line, the Company takes various mitigation
measures such as credit control. No derivatives are transacted by the company for hedging risks.

The Company has exposure to the following risks arising from financial instruments:

• Credit risk ;

• Liquidity risk ; and

• Market risk

i. Credit risk

Credit risk is the risk that counter party will not meet its obligation leading to a financial loss. The Company is exposed to
credit risk arising from its operating activities primarily from trade receivables and from financing activities primarily
relating to parking of surplus funds as Deposits with Banks. The Company considers probability of default upon initial
recognition of assets and whether there has been a significant increase in credit risk on an ongoing basis throughout the
reporting period. To assess whether there is a significant increase in credit risk, the Company compares the risk of default
occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. This assessment
is based on available information and the business environment.

a) Trade and other receivables

The Company has a Credit Policy and extends credit to its customers based on customer's credit worthiness, ability to
repay, and past track record. The extension of credit is constantly monitored through a review mechanism. The company
also covers its domestic as well as export receivables through a credit insurance policy.

The Company has a Credit Policy and extends credit to its customers based on customer's credit worthiness, ability to
repay, and past track record. The extension of credit is constantly monitored through a review mechanism.

Based on the assessment as at each reporting date, the expected credit loss allowance is Nil.

b) Financial Instruments and Cash Deposits

The credit risk from balances/deposits with Banks, current investments and other financial assets are managed in
accordance with company's policy. Investment of surplus funds are primarily made in Liquid/Short Term Plan of Mutual
Funds and in Bank Deposits which carry a high external rating.

ii. Liquidity risk

Liquidity risk is the risk that the company may encounter difficulty in meeting its obligations. The company prepares a
detailed Annual Budget to assess both short term as well as long term fund requirements. Month-wise cash flow forecast
is also carried out to determine the working capital and other long term fund requirements. As of the balance sheet date,
the company funds both these requirements through internal accruals only.

Exposure to liquidity risk

The following tables detail the Company's remaining contractual maturity for its financial liabilities with agreed
repayment and realisation periods. The tables have been drawn up based on the undiscounted cash flows of financial
liabilities based on the earliest date on which the Company can be required to pay and realise.

iii. Market risk

Market Risk is the risk that the fair value of the future cash flow will fluctuate because of changes in the market prices
such as currency risk, interest rate risk and commodity price risk.

a. Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is
the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Cash
flow interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate because
of fluctuations in the interest rates.

Company's interest rate risk arises from borrowings. Company has long term borrowings at fixed rate of interest. Hence,
the company is not exposed to interest rate risk.

b. Equity price risk

Price risk is the risk arising from securities for trade and investments held by the company and classified in the balance
sheet either at fair value through Profit & Loss or Other Comprehensive Income. Majority of the company's investments
are current in nature and primarily in listed equity shares and mutual funds which are not exposed to significant price
risk.

c. Foreign currency risk

The Company operates only in the domestic market and is, therefore, not exposed to foreign exchange risk.

For A R P A N & Associates LLP For and on behalf of the Board of Directors of

(formerly A Yadav & Associates LLP) Arunis Abode Limited

Chartered Accountants

Firm Registration No: 129725W/W100686

Mrs. Dhara Desai Mr. Deniis Desai

Managing Director Director

DIN: 02926512 DIN:02904192

CA Arvind Yadav Ms. Heena Gupta Mrs. Garima Mandhania

Partner Chief Financial Officer Company Secretary

Membership No: 047422 & Compliance Officer

UDIN: 24047422BKBLKA7940

Vadodara Mumbai

24th May 2024 24th May 2024