3.12 Provisions and Contingencies

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. When the Company expects some or all of a provision to be
reimbursed, the reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain.
The expense relating to a provision is presented in the statement of profit and loss net of any reimbursement.

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. When discounting is used, the increase in the provision due to the
passage of time is recognised as a finance cost.

3.13 Empolyees Benefit

Short term employee benefits: Short term employee benefits are recognized as expenses at the undiscounted amount in
the Profit or Loss of the year for which the related service is rendered.

Long term employee benefits:

a) Defined Contribution Plan:

As per applicable laws the eligible employees of the company are entitled to receive benefits under the provident
fund, a defined contribution plan, in which both employees and company make monthly contribution at specified
percentage of the covered employee salary. The contributions as specified under the law are paid to the respective
provident fund authorities as specified by law as per the scheme framed under the governing laws.

b) Defined benefit plans:

The company has not formulated any specific terms of employment providing for specific retirement benefits.
However as per applicable laws, the company has an obligation towards gratuity, a defined benefit retirement plan
covering eligible employees at retirement, death/disablement while in employment or termination of
employment, of an amount equivalent to 15 days salary with reference to the number of completed year of service
and last drawn salary. As required under Ind AS 19 "Employee Benefits", the company has made provision and
account for liability for gratuity payable in future based on an independent actuarial valuation. Remeasurements
of defined benefit plan are recognised in other comprehensive income.

c) Termination benefits :

Termination benefits are charged to the Statement of Profit and Loss in the year of accrual when the Company is
committed without any possibility of withdrawal of an offer made to either terminate employment before the
normal retirement date or as a result of an offer made to encourage volutary retirement.

3.14 Taxes on income

Income tax expense comprises current and deferred tax expense. Income tax expenses are recognized in profit or loss,
except when they relate to items recognized in other comprehensive income or directly in equity, in which case, income
tax expenses are also recognized in other comprehensive income or directly in equity respectively.

Current tax is the tax payable on the taxable profit for the year, using tax rates enacted or substantively enacted by the
end of reporting period by the governing taxation laws, and any adjustment to tax payable in respect of previous
periods. Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to
the taxation authorities. Management periodically evaluates positions taken in the tax returns with respect to situations
in which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.

Deferred taxes arising from deductible and taxable temporary differences between the tax base of assets and liabilities
and their carrying amount in the financial statements are recognized using substantively enacted tax rates and laws
expected to apply to taxable income in the years in which the temporary differences are expected to be received or
settled. The deferred tax arising from the initial recognition of goodwill or an asset or liability in a transaction that is not a
business combination and affects neither accounting nor taxable profit or loss at the time of the transaction are not
recognized.

Deferred tax asset are recognized only to the extent that it is probable that future taxable profit will be available against
which the deductible temporary differences can be utilized. The carrying amount of deferred tax assets is reviewed at
each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to
allow all or part of the deferred income tax assets to be utilized. Deferred tax assets and liabilities are offset when they
relate to income taxes levied by the same taxation authority and the relevant entity intends to settle its current tax assets
and liabilities on a net basis.

3.15 Earning Per Share

Basic earnings per share is computed and disclosed using the weighted average number of common shares outstanding
during the year. Dilutive earning per share is computed and disclosed using the weighted average number of common
and dilutive common equivalent shares outstanding during the year, except when the results would be anti-dilutive.

1. Securities premium

Securities premium reflects issuance of the shares by the Company at a premium, whether for cash or otherwise i.e. a sum equal to the
aggregate amount of the premium received on shares is transferred to a "securities premium account" as per the provisions of the
Companies Act, 2013. The reserve can be utilised in accordance with the provisions of the Act.

2. Retained earnings

The retained earnings reflect the profit of the company earned till date net of appropriations. The amount that can be distributed by
the Company as dividends to its equity shareholders is determined based on the balance in this reserve, after considering the
requirements of the Companies Act, 2013.

Capital management

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves attributable to
the equity holders, debt, cash and cash equivalents. The primary objective of the Company's capital management is to maximise the
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. 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 equity.
The Company includes within net debt, borrowings, interest accrued on it less cash and cash equivalents.

Determination of fair values:

Investment in Equity shares, quoted : Equity investments traded in an active market determined by reference to their quoted market
prices.

B. Financial risk management

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

a) credit risk

b) liquidity risk

c) market risk

i. Risk management framework

The Company's board of directors has overall responsibility for the establishment and oversight of the Company's risk
management framework. The board of directors along with the top management are responsible for developing and
monitoring the Company's risk management policies.

The Company's risk management policies are established to identify and analyse the risks faced by the Company, to set
appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are
reviewed regularly to reflect changes in market conditions and the Company's activities. The Company, through its training
and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all
employees understand their roles and obligations.

The Company's audit committee oversees how management monitors compliance with the Company's risk management
policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the
Company.

ii. Credit risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations, and arises principally from the Company's trade receivables, certain loans and advances and other
financial assets.

The carrying amount of financial assets represents the maximum credit exposure.

The maximum exposure to credit risk for trade and other receivables are as follows:

Trade receivables

The Company has developed guidelines for the management of credit risk from trade receivables. The Company's exposure to credit risk is
influenced mainly by the individual characteristics of each customer The demographics of the customer, including the default risk of the
industry and country in which the customer operates, also has an influence on credit risk assessment.

Exposures to customers outstanding at the end of each reporting period are reviewed by the Company to determine incurred and expected
credit losses. Historical trends of impairment of trade receivables do not reflect any significant credit losses Given that the macro economic
indicators affecting customers of the Company have not undergone any substantial change, the Company expects the historical trend of
minimal credit losses to continue, Further, management believes that the unimpaired amounts that are past due by more than 30 days are
still collectible in full, based on historical payment behavior and extensive analysis of customer credit risk.

Cash and cash equivalents

The Company held cash and cash equivalents with credit worthy banks and financial institutions as at the reporting dates which has been
measured on the 12-month expected loss basis. The credit worthiness of such banks and financial institutions are evaluated by the
management on an ongoing basis and is considered to be good with low credit risk. Also, no impairment loss has been recorded in respect of
fixed deposits that are with recognised commercial banks and are not past due.

iii. Liquidity risks

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial
liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to
ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and
stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.

The Company has current financial assets which the management believes is sufficient to meet all its liabilities maturing during
the next 12 months.

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and
undiscounted, including contractual interest.

iv. Market risks

Market risk is the risk of loss of future earnings or fair values or future cash flows that may result from a change in the price of a
financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign
exchange rates and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market
risk sensitive financial instruments including foreign currency receivables and payables. The Company is exposed to market
risk primarily related to foreign exchange rate risk (currency risk), interest rate risk and the market value of its investments.
Thus the Company's exposure to market risk is a function of investing and borrowing activities and revenue generating and
operating activities in foreign currencies.

28.5 Risk exposure

Though its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed below
Interest Risk

A decrease in the bond interest rate will increase the plan liability.

Longevity Risk

The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan
participants both during and after their employment. An increase in the life expectancy of the plan participants will increase the
plan's liability.

Salary Risk

The present value of the defined plan liability is calculated by reference to the future salaries of plan participants. As such, an increase
in the salary of the plan participants will increase the plan's liability.

31 Operating segment

An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur
expenses, including revenues and expenses that relate to transactions with any of the Company's other components and for which
discrete financial information is available. The Company's chief operating decision-maker (CODM) is considered to be the
Company's Managing Director ('MD'). The Company is engaged in the business of The Company is a leading provider of consulting,
technology, outsourcing and next generation digital services & software, enabling clients to execute strategies for their digital
transformation . Information reported to and evaluated regularly by the CODM for the purposes of resource allocation and assessing
performance focuses on the business as a whole and accordingly, in the context of Operating Segment as defined under the Indian
Accounting Standard 108 'Segment Information', there is no separate reportable segment other than Geographical Segment which is
as under.

36 Prior period comparatives

Previous year's figures have been regrouped/reclassified wherever necessary to confirm to current year's classification.

The notes referred to above form are an integral part of these financial statements
As per our report of even date attached

For DEORA MAHESHWARI & CO. For and on behalf of the Board of Directors of

Chartered Accountants AIRAN Limited

Firm's Registration Number: 123009W

CA Aditya Deora Sandeepkumar Agrawal Poonam Agrawal

Partner (Chairman & Managing Director) (Executive Director)

M. No. 160575 DIN: 02566480 DIN: 01712128

UDIN: 25160575BMHVQG8480

Place : Ahmedabad Krunal Jethva CS Stuti Kinariwala

Date : May 28, 2025 (Chief Financial Officer) (Company Secretary)