13. PROVISIONS, CONTINGENT LIABILITIES AND CONTIGENT ASSETS:-

A provision is recognised when there is a present obligation as a result of a past event, that probably requires
an outflow of resources and a reliable estimate can be made to settle the amount of obligation. Provision is not
discounted to its present value and is determined based on the last estimate required to settle the obligation at
the year end. These are reviewed at each year end and adjusted to reflect the best current estimate. Contingent
liabilities are not recognised but disclosed in the financial statements. Contingent assets are neither recognised
nor disclosed in the financial statements.

Financial liabilities at fair value through OCI

Financial liabilities at fair value through OCI reflect the change in fair value of foreign exchange forward contracts,
designated as cash flow hedges to hedge highly probable future purchases in GBP. Financial liabilities at fair value
through OCI also include the change in fair value of commodity forward contracts contracted during 31 March
2018. The Company is exposed to changes in the price of copper on its forecast copper purchases. The forward
contracts do not result in physical delivery of copper, but are designated as cash flow hedges to offset the effect
of price changes in copper. The Company hedges approximately 45% of its expected copper purchases in the next
reporting period. The remaining volume of copper purchases is exposed to price volatility.

32 Earnings per Share (EPS) as per Indian Accounting Standard 33:

Basic EPS amount are calculated by dividing the profit for the year attributable to equity holders of the parent by
the weighted average number of equity shares outstanding during the year. Diluted EPS amounts are calculated
by dividing the profit attributable to equity holders of the parent (after adjusting for interest on the convertible
preference shares) by the weighted average number of equity shares outstanding during the year plus the
weighted average number of equity shares that would be issued on conversion of all the dilutive potential equity
shares into equity shares.

34. During the year the company has incurred cash Profit of Rs. 99.44 Lakhs and at the end of the year negative net
worth of the company is Rs. 195.32 Lakhs and the accounts are prepared on Going Concern basis. As per the
information and explanations given to us, the company is taking positive steps to move further for survival and
development.

35. Micro and Small Scale Business Enterprises:

The management has initiated the process of identifying enterprises which have been providing goods and
services to the company and which qualify under the definition of micro and small enterprises, as defined under
Micro, Small and Medium Enterprise Development Act, 2006. Accordingly, the disclosure requirement here under
is not furnished.

36. Balance conformations in respect of debtors, creditors and loan & Advance granted / taken are subject to
confirmation and reconciliation.

37. Segment Reporting Policies: Business Segment:

The company has discontinue the running business, but earned income from trading, rent, interest income from
advance given as such segment reporting policy not considered in the year under consideration.

38. As per Information and explanation given to us the company has set off the deferred tax liability against the
deferred tax assets and net result of deferred tax assets have not been recognized since there is no reasonable
certainty that sufficient future taxable income will be available against which such deferred tax assets can be
realized and as such not accounted in Books of Accounts.

Note 1510. Signifi cant accounting policies and practices adopted by the Company are disclosed in the statement
annexed to these financial statements as Annexure I.

Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current
year's classification disclosure.

As per our report of even date For and on behalf of the board of director.

For Fenil P Shah & Associates.

CHARTERED ACCOUNTANTS Ankitbhai J . Patel. Nikitaben J. Patel

Firmregistration number: 143571W [Managing Director] [Director]

DIN :02351167 DIN :03092770

(Fenil P Shah) Vipul F. Bhavsar. Parth B. Thakkar

Proprietor. [Chief Financial Officer] [Company Secretary &

Membership no.: 141088 Compliance Officer]

UDIN : 24141088BKABOR8116 ACS - 56974

Place: Ahmedabad Place: Ahmedabad

Date: 14/05/2024 Date: 14/05/2024