L. Provisions and Contingent Liabilities

Provisions: Provisions are recognized when there is 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 there is a reliable
estimate of the amount of the obligation. Provisions are measured at the best
estimate of the expenditure required to settle the present obligation at the
Balance sheet date and are not discounted to its present value.

Contingent Liabilities: 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.

M. Earnings Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the
period attributable to equity shareholders by the weighted average number of
equity shares outstanding during the period. The weighted average number of
equity shares outstanding during the period and for all periods presented is
adjusted for events, such as bonus shares, other than the conversion of potential
equity shares that have changed the number of equity shares outstanding,
without a corresponding change in resources. For the purpose of calculating
diluted earnings per share, the net profit or loss for the period attributable to
equity shareholders and the weighted average number of shares outstanding
during the period is adjusted for the effects of all dilutive potential equity shares.

NOTE 21 : SUSPENDED FROM STOCK EXCHANGE

The company is suspended on Bombay Stock Exchange since long time due to penal reasons.

The promoter are in the process of revocation of suspension of the company on BSE Ltd.

NOTE 22 : CURRENT ASSETS AND LOANS AND ADVANCES

In the opinion of the Board, all the assets other than fixed assets and non-current investments have
a value on realization in the ordinary course of business at least equal to the amount at which they
are stated. The Provision of all known liabilities is adequate and not in excess of the amount
reasonably necessary.

The balances in accounts of certain unsecured loans, sundry debtors, creditors and loans and
advances are subject to confirmation, and consequent reconciliations. Adjustments in this respect
in the opinion of the management are not likely to be material and would be carried out as and
when ascertained

Notes:

1) The list of related parties above has been limited to entities with which transactions have taken
place during the year.

2) Related party transactions have been disclosed till the time the relationship
existed.

NOTE 24 : SEGMENT REPORTING

Information about Primary Business Segment and Secondary Geographical Segments

The Company is engaged in the business of loans given within india, in the context of Accounting
Standard 17 on Segment Reporting, is considered to constitute a single primary and secondary
segment. Thus, the information for segment reporting not required to be disclosed.

NOTE 25 : IMPAIRMENT OF FIXED ASSETS

There was no impairment loss on the fixed assets on the basis of review carried out by the
management in accordance with Accounting Standard (AS) - 28 ‘Impairment of Assets’

NOTE 26 : PREVIOUS YEARS'S FIGURES

Previous year figures have been regrouped or rearranged, wherever considered necessary, to
confirm with the current year's presentation.

The accompanying notes are integral part of these financial
statements

As per our report of even date attached
For and on behalf of Board of Directors
For RDB & Associates
Chartered Accountants
FRN No. : 135005W

CA Aniket Baldawa Rajesh Daga Jeetmal Asawa

Partner Director Managing Director

Membership No. : 149821 DIN No. : 03249957 DIN No. : 07798244

Place : Ahmednagar Place : Mumbai Place : Mumbai

Date : 30-05-2024 Date : 30-05-2024 Date : 30-05-2024