2B.10 Provision for liabilities and charges, Contingent liabilities and Contingent Assets:

The assessments undertaken in recognising provisions and contingencies have been made in accordance with the
applicable Ind AS.

Provisions represent liabilities to the Company for which the amount or timing is uncertain.

Provisions are recognized when the Company has a present obligation (legal or constructive), as a result of past
events, and it is probable that an outflow of resources, that can be reliably estimated, will be required to settle such
an obligation. If the effect of the time value of money is material, provisions are determined by discounting the
expected future cash flows to net present value using an appropriate pre-tax discount rate that reflects current
market assessments of the time value of money and, where appropriate, the risks specific to the liability. Unwinding
of the discount is recognized in the statement of profit and loss as a finance cost. Provisions are reviewed at each
reporting date and are adjusted to reflect the current best estimate.

In the normal course of business, contingent liabilities may arise from litigation and other claims against the
Company. Guarantees are also provided in the normal course of business. There are certain obligations which
management has concluded, based on all available facts and circumstances, are not probable of payment or are very
difficult to quantify reliably, and such obligations are treated as contingent liabilities and disclosed in the notes but
are not reflected as liabilities in the financial statements. Although there can be no assurance regarding the final
outcome of the legal proceedings in which the Company involved, it is not expected that such contingencies will
have a material effect on its financial position or profitability.

Contingent assets are not recognized but disclosed in the financial statements when an inflow of economic benefits
is probable.

2B.11 Earning Per Share:

In arriving at the EPS, the Company's net profit/ loss after tax before adjustment of Other comprehensive income,
computed in terms of the Ind AS, is divided by the weighted average number of equity shares outstanding on the
last day of the reporting period. The EPS thus arrived at is known as 'Basic EPS'. There are no potential equity shares
in existence during the current and previous period therefore Basic & Diluted EPS are similar.

2B.12 Cash Flow Statement:

Cash flows are reported using indirect method as set out in Ind AS -7 "Statement of Cash Flows", whereby profit /
(loss) before tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of past
or future cash receipts or payments. The cash flows from operating, investing and financing activities of the Company
are segregated based on the available information.

2B.13 Investment Property:

Properties that are held for long-term rental yields and/or for capital appreciation are classified as investment
properties. Investment properties are stated at cost of acquisition or construction less accumulated depreciation
and impairment, if any. Depreciation is recognised using the straight line method so as to amortise the cost of
investment properties over their useful lives as specified in Schedule II of the Companies Act, 2013. An item of
investment property is derecognised upon disposal or when no future economic benefits are expected to arise from
the continued use of asset. Any gain or loss arising on the disposal or retirement of an item of investment property
is determined as the difference between the sales proceeds and the carrying amount of the property and is
recognised in the Statement of Profit and Loss. Income received from investment property is recognised in the
Statement of Profit and Loss.

Note 10.1: Terms and rights attached to equity shares:

(i) The Company has one class of equity shares having a par value of Rupees 10 per share. Each shareholder is
eligible for one vote per share held.

(ii) In the event of liquidation of the Company the holder of equity shares will be entitled to receive remaining
assets of the Company. The distribution will be in proportion to the number of equity shares held by the
shareholder."

Nature and Purpose of Reserves:

(a) Capital Reserves: This reserve represents the remission/waiver in the principal term loan amount due to the
Bank of India amounting Rs. 1085.32 Lakhs and remission/waiver of the promoters contributions amounting Rs.
63.50 Lakhs, at the time of one time settlement of dues of Bank of India.

(b) Securities Premium: This reserve represents the premium on issue of shares and can be utilised in accordance
with the provisions of the Companies Act, 2013.

(c) General Reserve: This reserve is created by transfer of Cash Subsidy Reserve (Central Investment Subsidy) since
having become a part of shareholders' funds upon fulfilment of condition of terms of settlement scheme.

(d) Equity Instruments through Other Comprehensive Income

Change in fair value of equity instruments through other comprehensive income.

(e) Retained Earnings

Retained earnings represents the cumulative undistributed profits of the Company and can be utilised in accordance
with the provisions of the Companies Act, 2013.

Note 20: Additional and Other Explanatory Information:

I. The company has substantial revenue from Rental of Properties and Interest income during the reporting
period.

II. Dues to Small scale, micro and medium enterprises:

Government of India has promulgated an Act namely The Micro, Small and Medium Enterprise Development
Act, 2006 which comes into force with effect from October 02, 2006. As per the act, the Company is required
to identify the Micro, Small and Medium Suppliers and pay them interest on overdue beyond the specified
period irrespective of terms agreed with the suppliers. Accordingly, the Company has sent the confirmation
letters to its suppliers at the year end, to identify the supplier registered with the Act. As per the information
available with the Company, none of the supplier has confirmed that they have registered with the Act. In view
of this, the liability of interest has neither been provided nor is required disclosure done.

X. Recognition of Financial Instruments as per IND AS 109 on Fair Value at Comprehensive Income: The Financial
instruments has been recognised at Fair value and Income in this respect has been recognised at below the line
item in Statement of Profit & Loss amounting to (Rs. in hundred) 2,74,882.01/- Less income tax on OCI of (Rs
in hundred) 57,176.00/- in this respect the Calculation has been done in Notes 21A and Sub Note 2B.4 of Note
1 of Financial Statements for Summary of Significant Accounting Policies.

XI. In the opinion of management all the assets and Liabilities have been adequately identified and are
approximately of the value as stated by the management and such assets or liabilities have been grouped &
presented in the financial statement as per the management estimation in respect to their nature and term, If
realized in the ordinary course of business, unless otherwise stated. In the opinion of management, the
provisions for all liabilities have been materially identified and are adequately provided and not in excess /
shortage of the amount reasonably necessary.

XII. Contingent Liability regarding Bank Guarantee:

Asia Pack Limited has provided a corporate guarantee to Saraswat Co-operative Bank Limited for a loan
obtained by Miraj Entertainment Limited.

Accounting Treatment:

Under IND AS 109 (Financial Instruments), financial guarantees are generally required to be recognized and
measured at fair value at the inception of the guarantee. However, the Company has not recognized the
financial guarantee as a financial instrument under IND AS 109 for the following reasons:

1. No Benefit of Interest Rate to Borrower: The guarantee provided does not result in any benefit or
favorable interest rate to the borrower (the group company). As such, there is no economic benefit or
incentive associated with the guarantee that would necessitate recognition as a financial guarantee under
IND AS 109.

2. Measurement and Recognition: According to IND AS 109, a financial guarantee is recognized at fair value
only if it provides an economic benefit such as a reduced interest rate to the guaranteed party. In this
case, since the guarantee does not impact the interest rate or other financial terms of the underlying
transaction, the criteria for recognizing the financial guarantee at fair value have not been met.

3. Disclosure Requirements: The Company has disclosed the existence of the bank guarantee in these
financial statements to provide a clear understanding of its contingent liabilities. The guarantee
represents a contingent obligation and does not meet the threshold for recognition as a financial
instrument under IND AS 109.

Contingent Liability:

In accordance with IND AS 37 (Provisions, Contingent Liabilities and Contingent Assets), the bank guarantee is
classified as a contingent liability. It is not recognized in the financial statements but is disclosed to provide
information about potential future cash flows that could arise from the guarantee.

Conclusion:

The issuance of the bank guarantee does not involve an economic benefit to the borrower company that would

affect its financial terms. Therefore, the guarantee has not been accounted for under IND AS 109. However, its

existence and potential impact have been appropriately disclosed in these financial statements as a contingent

liability.

XIII. Additional Regulatory Information:

i. The company does not have any immovable property whose title deeds are not held in the name of
company and also does not have any immovable property jointly held with others.

ii. The Company has not revalued any of its Property, Plant and Equipment (including Right-of-Use Assets)
during the year.

iii. The company has not provided loans or advances in the nature of loans to promoters, directors, KMPs

and related parties (as defined under the Companies Act, 2013) (held severally or jointly with any other

person) that are repayable on demand or without specifying any terms or period of repayment.

iv. The company does not have Capital work-in-progress at the end of current year.

v. The company does not have capital work-in-progress whose completion is overdue or as exceeded its cost

compared to its original plan.

vi. The company does not have intangible assets under development at the end of the current and previous
financial years.

vii. The Company does not have any Benami property and no proceeding has been initiated or pending against
the Company for holding any Benami property under the Prohibition of Benami Property Transactions Act,
1988 (as amended in 2016) (formerly the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)) and
Rules made thereunder.

viii. The Company has not been sanctioned working capital limits from banks on the basis of security of current
assets.

ix. The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the
Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on wilful
defaulters issued by the Reserve Bank of India.

x. The Company does not have any transaction with such companies whose name has been struck off under
Section 248 of the Companies Act, 2013 or 560 of the Companies Act, 1956.

xi. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond
the statutory period.

xii. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the
Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017.

xiii. The Company have not entered into any scheme of arrangement which has an accounting impact on the
current or previous financial year.

xiv. The Company does not have any scheme of arrangement during the financial year.

xv. A. the Company has not advanced or loaned or invested funds (either borrowed funds or share premium
or any other sources or kind of funds) to any other person(s) or entity(is), 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.

B. The Company has not received any fund from any person(s) or entity(is), 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.

xvi. The Company does not have any transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act,
1961, such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

xvii. Corporate Social Responsibility: Section 135 of the Companies Act 2013 (the act), as well as the provisions
of the Companies (Corporate Social Responsibility Policy) Rules, 2014 (CSR Rules) are not applicable on
the company.

xviii. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

xix. For Ratio(s) refer Note 20 (xix)

Signatures to Note 1 to 21 which forms an integral part of the Financial Statements

As per our report of even date

For Rakesh Ajmera & Associates For and on behalf of the Board of Directors of Asia Pack Limited

Chartered Accountants

FRN: 013433C Sd/- Sd/-

Prakash Chandra Purohit Pushpendra Jain

Sd/- Director Director and Chief Financial Officer

Rakesh Ajmera DIN: 01383197 DIN: 03228950

Partner

Membership No. : 406062 Sd/- Sd/-

UDIN: 25406062BMMJUU7435 Jitendra Purohit Lakshit Samar

Place: Nathdwara Chief Executive Officer Company Secretary

Date: 22^nd May, 2025 M. No.: A64788