£.^rff^vljMons,.Contineeat Liabilities anti Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when there is a legal or constructive
obligation u a result of past events and it is probable that there will be an outflow of resources and a reliable estimate can be
made of the amount of obligation. Provisions are not recognised for future operating losses. The amount recognized as a
provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period
taking into account the risks and uncertainties surrounding the obligation.

Contingent liabilities are not recognized and are disclosed by way of notes to the financial statements when there is a possible
obligahon 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 when there is a present obligation that arises
from past events where it is either not probable that an outflow of resources will be required to settle the same or a reliable
estimate of the amount in this respect cannot be made-

Contingent assets ore not recognised but disclosed in the Financial Statements by way of notes to accounts when an inflovv of!_

economic benefits is probable. ” ~

Rights, Preferences and Restrictions attached to Equity Shares

The Company has only one class of Equity Shares having a par Value of Rs 10 per share. Each Shareholder is eligible
for one vote per share held. All Shares have equal rights in respect of distribution of dividend and repayment of capital.
No shares have any restrictions in respect of distribution of dividend and repayment of capital.

Shares reserved for issued

No Equity Shares have been reserved for issue under option and contracts/commitments for sale of shares/disinvestment
as at Balance Sheet date.

Note : 16

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

Signature to Note No. 1 to 16

Significant Accounting Policies and other accompanying Notes (1 to 16) form an integral part of the Financial Statements
As per our report of even date

For, Gaurang Vora & Associates \ If Zj \Z\\

Chartered Accountant s' ll J i

Firm Reg. Iw>. 103110W Af

M 3 \oi Director W~r Director

1 /1/I//V, \ o\ AHMEDABAD )Z) < (Chandubhai Vaghela)T"(Shaileshbhai Chauhan)

|/1 (/^N (DIN: 05197958) (DIN: 06515670)

(Gaurang Vora)

Proprietor
PlaceAhmedabad
Date 10.05.2024
^UD,N:-

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