(n) Pro visions an d con tin gen t liabilities
Provision

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of resources and a reliable
estimate can be made of the amount of obligation.

Contingent liabilities

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that probably will not require an outflow of resources or
where a reliable estimate of the obligation cannot be made.

(o) Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average number of
equity shares outstanding during the year. The weighted average numbers of equity shares outstanding during the year are adjusted for events such as bonus
issue, share split or consolidation of shares.

For calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the weighted average number of shares
outstanding during the year are adjusted for the effects of all dilutive potential equity shares. The dilutive potential equity shares are deemed converted into
equity shares as at the beginning of the year, unless they have been issued at a later date.

(p) Segment Reporting

The Company identifies primary segments based on the dominant source, nature of risks and returns and the internal organization and management structure.
The operating segments are the segments for which separate financial information is available and for which operating profit/loss amounts are evaluated
regularly by the executive Management in deciding howto allocate resources and in assessing performance.

The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segment expenses, segment
assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities of the segment.

Inter-segment revenue is accounted on the basis of transactions which are primarily determined based on market / fair value factors.

Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to segments on reasonable basis have been included
under "unallocated revenue / expenses / assets / liabilities".

The Company has opted to provide segment information in its Consolidated financial statements in accordance with AS M - Segments Reporting.

(q) Cash flow statement

(i) Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax is adjusted for the effects of transactions of a
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.

ii) In the cash flow statement Cash and cash equivalents include cash in hand, demand deposits with banks, other short term highly liquid investments with
original maturities of three months or less.

Footnote:

(a) During the year ended March 31, 2025, the shareholders of the Company at their meeting held on July 01, 2024 had approved the increase of authorised shares
from 1,50,000 equity shares of face value of ? 10 each to 1,50,00,000 equity shares of face value of ? 10 each.

(b) During the year ended March 31, 2025, the shareholders of the Company at their meeting held on August 07, 2024 had approved the sub-division of authorised
shares from 1,50,00,000 equity shares of face value of ? 10 each into 3,00,00,000 equity shares of face value of ? 5 each.

Footnotes:

(c) During the current year, the shareholders of the Company at its meeting held on July 16, 2024 had approved a scheme of bonus issue in the proportion of 9 New
Equity Shares for every 1 Equity Share a total sum of amounting ? 90.00 lacs out of the Company's Reserve and Surplus be capitalized and that the said sum so
capitalized be applied in paying up in full at par 9,00,000 new Equity Shares of ? 10/- each {hereinafter referred to as the "Bonus Shares"} in the Share Capital of
the Company.

(d) During the current year, the shareholders of the Company has made a private placement of 93,600 fully paid-up equity shares of face value of ? 10/- each at
issue price of ? 640 (including premium of ? 630) per share on July 25, 2024.

(e) During the current year, the shareholders of the Company at its meeting held on July 31, 2024 had approved a scheme of bonus Issue in the proportion of 5 New
Equity Shares for every 1 Equity Share a total sum of amounting ? 546.80 out of the Security premium reserve's be capitalized and that the said sum so
capitalized be applied in paying up in full at par 54,68,000 new Equity Shares of ? 10/- each (hereinafter referred to as the "Bonus $hares") in the Share Capital of
the Company.

(f) During the current year, the shareholders of the company has split its 1 share of ? 10 each to 2 shares of f 5 each per share on August 07, 2024.

(g) During the current year, the shareholders of the Company has made a private placement of 6,59,200 fully paid-up equity shares of face value of ? 5/- each at
issue price of ? 76.20 (including premium of ? 71.20) per share on January 07, 2025.

(iii) Terms/rights attached to equity shares
Voting

Each shareholder is entitled to one vote per share held.

Dividends

The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to approval of the shareholders in
ensuing Annual General Meeting except in the case where interim dividend is distributed. The Company has not distributed any dividend in the current and
previous years.

Liquidation

In the event of liquidation of the Company, the shareholders shall be entitled to receive all of the remaining assets of the Company after distribution of all
preferential amounts, if any. Such distribution amounts will be in proportion to the number of equity shares held by the shareholders.

(iv) The Company does not have any holding company,

r\

(ii) There are no projects whose completion is overdue or has exceeded its cost compared to its original plan.

(iii) Exim Routes Limited is developing a revolutionary Al-enabled B2B platform called ERIS (Exim Routes Intelligence System), to streamline the entire recyclable exchange
chain,

During the financial year 2023-24, in the first phase, the company developed a BETA version of the platform that had 3 key features,

1) Demand and Supply aggregation module

2) Price Discovery and Bidding to enable online trading

3) Data integrations to enable basic insights and analytics

During the current financial year, the Company has developed Phase 2 of the platform, focused on refining the above modules as well as develop the following new
features,

1) Al-enabled supply-demand matching and bidding

2) Al-enabled forecasting and advanced insights/analytics

3) Multi-channel integration incl. Al-chatbot and GPT integration

4) Freight Forwarder and logistics integration module

Footnote:

The Company has given a corporate guarantee in favor of Scan4health Diagnosis Private Limited for facilities availed from CSB Bank, The maximum potential liability under this
guarantee as of 31 March, 2025 and 31 March, 2024 amounts to ? 769.62 and ? 435.89 respectively.

Management does not expect any outflow of resources embodying economic benefits as a result of this guarantee, and accordingly, no provision has been recognized in the

financial statements as of the reporting date.

32 Employee benefits obligations

The Company has in accordance with the A5-15 (Employee Benefits) calculated various benefits provided to employees, which are described as under:

*N.A. Not applicable, variance is below the threshhold

In accordance with the requirements, changes in ratios of more than 25% as compare to previous year have been explained.

Footnotes;

(a) Company raised funds during FY 2024-25 by way of Private Placement Issue and Debt This increased cash & cash equivalents/ Debtors/ Advances given thereby increased net working
capital.

(b) Company raised funds during FY 2024-25 byway of Private Placement Issue and raised a debt of comparitively lesser amount, This increased the base for Debt Equity ratio comparitively,
<c) Debt was taken in Feb 2024 due to which debt sen/iced amount was taken only for 2 months vis-a-vis FY 2024-25 in which debt serviced amount is considered for the whole 12 months

(d) Company raised funds during FY 2024-25 by way of Private Placement Issue and Bonus Issue. This increased the base for return on equity.

(e) Our sales during the year FY 24-25 increased as compared to previous FYs which increased our Cost of Goods Sold. This happened since there was not closing stock out of the purchases
made during the year. Further, we written off the opening stock of old inventory to bring it at NRV.

(f) Credit purchases increased during FY 24-25 following an impact of previous business relationship and time legacy.

(g) Company raised funds during FY 2024-25 by way of Private Placement Issue and debt This has converted Working capital from Negetive to Positive, Increase in sales also impacted the
ratio.

(h) The company has focussed on high margin trades due to. which NP ratio has increased. //

43 In accordance with the Para 4 of Scope of Accounting Standard 17 "Segment Reporting", segment information is not needed to be disclosed in standalone
financial statements where consolidated financial statements are presented alongside. Accordingly, the segment information is presented in the
consolidated financial statements and no segment information is provided in these standalone financial statements

44 Other statutory information

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami
property,

(ii) The Company does not have any transactions with companies struck off.

(iii) The Company has not been declared as wilful defaulter by any bank or financial Institution or other lender,

(iv) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.

(v) The Company does not have any immovable property whose title deeds are not held in the name of the Company.

(vi) The Company has not traded or invested in cryptocurrency or virtual currency during the financial year.

(vti) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), 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.

(viii) The Company does not receive 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 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 Company (Ultimate

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

(ix) 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.

45 The Company has used accounting softwares for maintaining its books of account for the financial year ended March 31, 2025 which has a feature of
recording audit trail (edit log) facility and the same has operated starting from 29 January 2025 to 31 March 2025 for all relevant transactions recorded in
the softwares.

46 The Company has not used any borrowings from banks and financial institutions for purpose other than for which it was taken.

47 The company have not entered into any scheme of arranagements during the year

48 The Company does not have any charges or satisfaction which is yet to be registered with Regtrar of Companies ("ROC”) beyond the statutory period.

49 These financial statements were approved for issue by the Board of Directors on 19-May-2025.

50 The company has been converted from Private to Public Company wide MCA approval Letter dated 24 October 2024. Same has been approved the board
in there meeting date 06 August 2024 and further approved by the menber in EGM dated 07 August 2024. Purshuant to this name of the company
changed from Exim Routes Private limited to Exim Routes Limited.

51 The Company has reclassified/regrouped previous year figures where necessary to conform to the current year's classification.

As per our report of even date.

For NKSC & Co. For and on behalf of Board of Directors of

Chartered Accountants EXIM ROUTES LIMITED

Firm Registration Number: 020076N

n, •

Prlyank ooyal Manish Goyal Pallav Singal

Partner Chief Executive Officer and Director Director

Membership No.: 521986 DIN No.: 08126341 DIN No.: 03143594

GoviifitM**! Garg Rieha Anand

C^ef Financial Officer Company Secretary

PAN No. BEGPG7344E Membership No.: A64649

Place: New Delhi Place: Gurugram

Date: 19-May-2025 Date: 19-May-2025 Ah/