S Provisions and Contingent Liabilities and Assets:

A provision is recognised 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 embodying economic benefits will be required
to settle the obligation, in respect of which a reliable estimate can be made of the amount of obligation.
Provisions (excluding gratuity and compensated absences) are determined based on management's
estimate required to settle the obligation at the Balance Sheet date. In case the time value of money is
material, provisions are discounted using a current pre-tax rate that reflects 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. These are reviewed at each Balance Sheet date and adjusted to reflect the current
management estimates.

Contingent liabilities are disclosed in respect of possible obligations that arise from past events, whose
existence would be confirmed by the occurrence or non-occurrence of one or more uncertain future events
not wholly within the control of the Company. A contingent liability also arises, in rare cases, where a
liability cannot be recognised because it cannot be measured reliably.

Contingent asset is not recognised unless it becomes virtually certain that an flow of econimic benefits will
arise.

T Employee Benefits

i) Defined Contribution Plan

Contributions to defined contribution schemes such as provident fund, employees' state insurance, labour
welfare are charged as an expense based on the amount of contribution required to be made as and when
services are rendered by the employees. The above benefits are classified as Defined Contribution Schemes
as the Company has no further obligations beyond the monthly contributions.

ii) Defined Benefit Plan

The Company also provides for gratuity which is a defined benefit plan, the liabilities of which is
determined based on valuations, as at the balance sheet date, made by an independent actuary using the
projected unit credit method. Re-measurement, comprising of actuarial gains and losses, in respect of
gratuity are recognised in the OCI, in the period in which they occur. Re-measurement recognised in OCI
are not reclassified to the Statement of Profit and Loss in subsequent periods. Past service cost is
recognised in the Statement of Profit and Loss in the year of plan amendment or curtailment. The
classification of the Company's obligation into current and non-current is as per the actuarial valuation
report.

iii) Leave entitlement and compensated absences

Accumulated leave which is expected to be utilised within next twelve months, is treated as short-term
employee benefit. Leave entitlement, other than shortterm compensated absences, are provided based on
a actuarial valuation, similar to that of gratuity benefit. Re-measurement, comprising of actuarial gains and
losses, in respect of leave entitlement are recognised in the Statement of Profit and Loss in the period in
which they occur.

iv) Short-term Benefits

Short-term employee benefits such as salaries, wages, performance incentives etc. are recognised as
expenses at the undiscounted amounts in the Statement of Profit and Loss of the period in which the
related service is rendered. Expenses on non-accumulating compensated absences is recognised in the
period in which the absences occur.

v) Termination benefits

Termination benefits are recognised as an expense as and when incurred.

U Accounting for Taxes of Income:-

i) Current Taxes

Current income tax is recognised based on the estimated tax liability computed after taking credit for
allowances and exemptions in accordance with the Income Tax Act, 1961. Current income tax assets and
liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities.

The tax rates and tax laws used to compute the amount are those that are enacted or substantively
enacted, at the reporting date.

ii) Deferred Taxes

Deferred tax is determined by applying the Balance Sheet approach. Deferred tax assets and liabilities are
recognised for all deductible temporary differences between the financial statements' carrying amount of
existing assets and liabilities and their respective tax base. Deferred tax assets and liabilities are measured
using the enacted tax rates or tax rates that are substantively enacted at the Balance Sheet date. The effect
on deferred tax assets and liabilities of a change in tax rates is recognised in the period that includes the
enactment date. Deferred tax assets are only recognised to the extent that it is probable that future taxable
profits will be available against which the temporary differences can be utilised. Such assets are reviewed
at each Balance Sheet date to reassess realisation.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset. Current tax
assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends
either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

iii) Minimum Alternative Tax

MAT is recongnised as deferred Tax Assets in the Balance Sheet when the asset can be measured reliably
and it is probable that the furure econimic benefit associated with asset will be realised

iv) Other Income - Construction Service

During the year under review, the Company has earned a sum of ^8,50,00,000/- from rendering construction-related services.
Correspondingly, an expenditure of ^6,37,50,095/- was incurred towards the cost of rendering such services. Instead of
presenting the gross revenue and corresponding expenses separately, the Company has disclosed only the net income of
^2,12,49,905/- under the head "Other Income."

This presentation has been adopted by the management on the basis that construction activity did not constitute the principal
business activity of the Company as at the balance sheet date. However, it is pertinent to note that the Company has disposed of
its plant and machinery pertaining to the garments division, which constituted its main line of operations. Accordingly, with effect
from 31st March 2025, real estate/construction activity is expected to be regarded as the Company's principal business activity.

vi) Details of Benami Property held

No proceedings have been initiated or pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

vii) The Company has no borrowings from banks or financial institutions on the basis of security of current assets. Hence the disclosures relating to quaterly statements is not applicab

viii) Wilful Defaulter*

The company has not been declared wilful defaulter by any bank or financial Institution or other lender.

* "wilful defaulter" here means a person or an issuer who or which is categorized as a wilful defaulter by any bank or financial institution (as defined under the Act)
or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

ix) Relationship with Struck off Companies

The company has not entered into any sort of transaction (investmenr in securities, any amount receivable , any amount payable, shares held by such company or
or any other outstanding balance) with any struck off company under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956

x) Registration of charges or satisfaction with Registrar of Companies

No charges or satisfaction of any charge is yet to be registered with Registrar of Companies beyond the statutory period

xi) Compliance with number of layers of companies

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

1 Debt Service Coverage Ratio - The DSCR has changed majorly due to loss incurred by the company during the year and less repayment in comparison the the last year
The EBIT in FY 2023-24 stood at Rs. 249.31 Lakhs while the EBIT in FY 2024-2 stands at Rs. -373.09 Lakhs.

2 Return on Equity Ratio - The ROE Ratio has changed due to increase in the loss available to equity share holder i.e. loss.

Also the denominator i.e. the total equity has also increased during the year in comparison to the last year, which has resulted in the change in the ratio

3 Return on capital employed / Return on investment:- The ROCE / ROE has fallen due to increase in losses of the company

xiii) Compliance with approved Scheme(s) of Arrangements

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013

xiv) Utilisation of Borrowed funds and share premium:

(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(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall

(i) 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) oi

(ii) 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(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the
the company shall

(i) 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) oi

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Note 33: Segment Reporting

The Company's operating segments are established on the basis of those components that are evaluated regularly by
the 'Chief Operating Decision Maker' as defined in Ind AS 108 - 'Operating Segments', in deciding how to allocate
resources and in assessing performance. These have been identified taking into account nature of products and
services, the differing risks and returns and the internal business reporting systems.
a) Primary (Business) Segment:

The Company has identified business segments as its primary segment, and there is no secondary segment. Business
segments are primarily Garments Manufacturing and Investment in Realty & Securities. Revenues and expenses
directly attributable to segments are reported under each reportable segment. Expenses which are not directly
identifiable to each reportable segment have been allocated on the basis of associated revenues of the segment and
manpower efforts. All other expenses which are not attributable or allocable to segments have been disclosed as
unallocable expenses. Assets and liabilities that are directly attributable or allocable to segments are disclosed under
each reportable segment. All other assets and liabilities are disclosed as unallocable. Fixed assets that are used
interchangeably amongst segments are not allocated to primary and secondary segments.

C. Financial Risk Management
C.i. Risk management framework

A wide range of risks may affect the Company’s business and operational / financial performance. The risks
that could have significant influence on the Company are market risk, credit risk and liquidity risk. The
Company’s Board of Directors reviews and sets out policies for managing these risks and monitors suitable
actions taken by management to minimise potential adverse effects of such risks on the company’s
operational and financial performance.

C.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 and other
receivables, cash and cash equivalents and other bank balances. To manage this, the Company periodically
assesses financial reliability of customers, taking into account the financial condition, current economic trends
and analysis of historical bad debts and ageing of accounts receivable. The maximum exposure to credit risk
in case of all the financial instruments covered below is restricted to their respective carrying amount.

(a) Trade and other receivables from customers

Credit risk in respect of trade and other receivables is managed through credit approvals, establishing credit
limits and monitoring the creditworthiness of customers to which the Company grants credit terms in the
normal course of business.

The Company considers the probability of default upon initial recognition of asset and whether there has been
a significant increase in the credit risk on an on-going basis through each reporting period. To assess whether
there is a significant increase in credit risk the Company compares the risk of default occurring on assets as
at the reporting date with the risk of default as at the date of initial recognition. It considers reasonable and
supportive forwarding-looking information such as:

i) Actual or expected significant adverse changes in business

ii) Actual or expected significant changes in the operating results of the counterparty

iii) Financial or economic conditions that are expected to cause a significant change to the counterparties
ability to meet its obligation

iv) Significant changes in the value of the collateral supporting the obligation or in the quality of third party
guarantees or credit enhancements

Financial assets are written off when there is a no reasonable expectations of recovery, such as a debtor
failing to engage in a repayment plan with the Company. When loans or receivables have been written off,
the Company continues to engage in enforcement activity to attempt to recover the receivable due, When
recoverable are made, these are recognised as income in the statement of profit and loss.

The Company measures the expected credit loss of trade receivables and loan from individual customers
based on historical trend, industry practices and the business environment in which the entity operates. Loss
rates are based on actual credit loss experience and past trends. Based on the historical data, loss on
collection of receivable is not material hence no additional provision considered.

Note 37 : Capital Management

The Company aims to manage its capital efficiently so as to safeguard its ability to continue as a going concern and to
optimise returns to its shareholders. Management monitors the return on capital as well as the debt equity ratio and
make necessary adjustments in the capital structure for the development of the business. The capital structure of the
Company is based on management's judgement of the appropriate balance of key elements in order to meet its
strategic and day - to - day needs. In order to maintain or adjust the capital structure, the Company may adjust the
amount of dividends paid to shareholders, return capital to shareholders or issue new shares.

The Company's debt to equity ratio at 31st March,2025 is 1.25, at 31st March,2024 is 1.43,at 31 st March,2023 is 1.46
at 31st March,2022 1.52 31st March,2021 1.39, 31st March, 2020 is 1.16 and at 31st March, 2019 1.73 ( At 31st
March, 2018 was 1.02; 31st March 2017 0.89 and 1st April, 2016: 0.75)

Note : For the purpose of computing debt to equity ratio, equity includes Equity share capital and Other Equity and Debt
includes Long term borrowings, Short term borrowings and current maturities of long term borrowings.

Note 38 : Contingent Liability-

1) Company has filed an appeal against Income tax demand of Rs. 4.95 lacs related to F.Y 2013-14.

2) Demand of Service tax of Rs. 3.43 lacs related to F.Y 2007-08 to till 2010-11 Pending at lower authority for

Note 39 :

There is no availability of information about the amount dues to small/micro undertaking, we are unable to comment
that the interest if any is due to such undertaking or not. Information available has been recorded in statement.

Note 40 :

Balances are relied upon as per books of accounts wherever the confirmations from debtors /creditors /Loans
/Advances are not available.

Note 41:

Previous year figures have been regrouped and rearranged wherever necessary to confirm with the current year
presentation.

For J.S. Uberoi & Co. Ceenik Exports (India) Limited

Chartered Accountants

CA Bharat Jeswani Mr. Narain Hingorani Mrs. Kavita Hingorani

Partner Chairman & Managing Director Director

Mem No: 142376 DIN - 00275453 DIN - 00275442

UDIN: 25142376BMOGHF1142

Place : Nagpur

Date:29/05/2025

Ms. Mitali Chhoriya Mr.Dhondiram S.Karnale

Company Secretary Chief Financial Officer

Membership No:A72773 PAN: AUJPK5041Q