Provisions are recognised when the company has a present obligation (legal or constructive), as a
result of a past event and it is probable that the company will be required to settle the obligation, and a
reliable estimate can be made of the amount of the obligation.

Contingent liabilities are disclosed only when there is a possible obligation 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 which is not wholly within the control of the Company or 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 obligation or estimate of the amount cannot be measured reliably.

No contingent asset is recognized in the financial statements but the same are disclosed by way of
notes to accounts only when its recognition is virtually certain.

I Revenue Recognition

Revenue is measured at the fair value of the consideration received or receivable and when it is
probable that future economic benefits will flow to the entity.

Income from healthcare activities

Income is accounted for on accrual basis. Revenue is recognized upon rendering of services.

Other Income

a) Dividend income is recognized when the right to receive the income is established.

b) Interest income is recognised, when no significant uncertainty as to measurability or collectiblity
exists, on a time proportion basis taking into account the amount outstanding and the applicable
interest rates.

J Income Taxes

Income tax expense for the year comprises of current tax and deferred tax. It is recognised in the
Statement of Profit and Loss except to the extent it relates to any business combination or to an item
which is recognised directly in equity or in other comprehensive income.

J.1 Current Tax

Current tax includes provision for Income Tax computed under Special provision (i.e., Minimum
alternate tax) or normal provision of Income Tax Act. Tax on Income for the current period is
determined on the basis of estimated taxable income and tax credits computed in accordance with the
provisions of the relevant tax laws.

J. 2 Deferred Tax

Deferred tax assets are recognised for all deductible temporary differences and unused tax losses only
if it is probable that future taxable amounts will be available to utilise those temporary differences and
losses.

Deferred tax is recognized using the balance sheet method, providing for temporary differences
between the carrying amounts of assets and liabilities for financial reporting purposes and the
amounts used for taxation purposes.

K Employee Benefits

K. 1 Short Term Employee Benefits

Short-term employee benefits are recognised in the year during which the services have been
rendered.

K.2 Post-Employment benefits

Employee benefits that are payable after the completion of employment are Post-Employment Benefits
(other than termination benefits). These are of two types:

K.2.1 Defined contribution plans
Provident Fund

All employees of the company are entitled to receive benefits under the provident fund which is
defined contribution plan. Both the employees and the employer make monthly contributions to the
plan at a pre determined rate of the employees' basic salary and certain allowances as applicable.
These contributions are made to the fund administered and managed by the Government of India. The
Company's contribution to the scheme is expensed off in the Statement of profit and loss. The
company has no further obligations under the plan beyond its monthly contributions.

K.2.2 Defined benefit plans

Gratuity

Gratuity is a post employment defined benefit plan. The company makes annual contributions to
gratuity fund administered by the trustee (LIC) for amount notified by the fund. The gratuity plans
provide for lumpsum payment to vested employees on retirement, death or termination of
employment of an amount based on respective employees last drawn salary and tenure of

L Earnings Per Share (EPS)

Basic Earnings Per Share is calculated by dividing the net profit or loss for the period attributable to
equity shareholders by weighted average number of equity shares outstanding during the period.
Diluted earnings per equity share is computed by dividing the net profit or loss attributable to equity
shareholders of the Company by the weighted average number of equity shares considered for
deriving basic earnings per equity share and also the weighted average number of equity shares that
could have been issued upon conversion of all dilutive potential equity shares.

M Statement of Cash Flows

Statement of cash flows is prepared in accordance with the indirect method prescribed in Ind AS-7
'Statement of cash flows.

N Exceptional Items

Exceptional items are disclosed separately in the financial statements where it is necessary to do so to
provide further understanding of the financial performance of the Company. These are material items
of income or expense that have to be shown separately due to their nature or incidence.

O Offsetting instruments

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there
is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a
net basis or realise the asset and settle the liability simultaneously. The legally enforceable right must
not be contingent on future events and must be enforceable in the normal course of business and in
the event of default, insolvency or bankruptcy of the Company or the counterparty.

P Events after the reporting period

Adjusting events are events that provide further evidence of conditions that existed at the end of the
reporting period. The financial statements are adjusted for such events before authorisation for issue.
Non-adjusting events are events that are indicative of conditions that arose after the end of the
reporting period. Non-adjusting events after the reporting date are not accounted, but disclosed.

Q Key accounting judgement, estimates and assumptions

The preparation of the financial statements requires management to exercise judgment and to make
estimates and assumptions. These estimates and associated assumptions are based on historical
experiences and various other factors that are believed to be reasonable under the circumstances.
Actual results may differ from these estimates. The estimates and underlying assumptions are
reviewed on an on-going basis. Revision to accounting estimates are recognised in the period in which
the estimate is revised if the revision affect only that period, or in the period of the revision and future
periods if the revision affects both current and future period. Instance being, Depreciation and
amortisation is based on management estimates of the future useful lives of the property, plant and
equipment and intangible assets. Estimates may change due to technological developments,
competition, changes in market conditions and other factors and may result in changes in the
estimated useful life and in the depreciation and amortisation charges.

As per our report of even date attached

FOR GOPAL SHARMA & CO. FOR AND ON BEHALF OF SHARMA EAST INDIA

CHARTERED ACCOUNTANTS HOSPITALS AND MEDICAL RESEARCH LIMITED

FRN: 002803C

Sd/-

GAUTAM SHARMA

PARTNER Sd/- Sd/-

M.NO:079225 (SHAILENDRA KUMAR SHARMA) (MAYA SHARMA)

UDIN: MANAGING DIRECTOR DIRECTOR

DIN: 00432070 DIN: 00432496

JAIPUR Sd/- Sd/-

30.05.2024 (VIMAL KUMAR JOSHI) (BHAWANA SHARMA)

CHIEF FINANCIAL OFFICER COMPANY SECRETARY

MRN: A61665

Terms and conditions:

All the transactions are made in the ordinary course of business on normal commercial terms and conditions and at arms' length
price .

35. Disclosure as per Ind AS 37 'Provisions, contingent liabilities and contingent assets'

Contingent liabilities are usually not provided unless it is probable that future outcome may be materially detrimental to the
company. The company is contingently liable for fine, interest, penalty etc, if any, imposed by the competent authority for
defaults in compliances of the certain provisions of the Income Tax Act and other applicable laws. The same will be determined
and accounted for at the time of final assessment.

36. There are no contingent liabilities of the Company as on 31st March, 2024.

37. Disclosure as per Ind AS 107 'Financial instrument disclosure'

A) Capital Management

For the purpose of Company's Capital Management , Capital includes issued equity share capital and borrowings excluding
working capital loans from various financial institutions. The primary objective of Company's Capital Management is to maximize
shareholder's value and to maintain an appropriate capital structure of debt and equity. The company manages its capital
structure and makes adjustments in the light of changes in economic environment and the requirements of financial covenants.

Equity share capital and other equity are considered for the purpose of Company’s capital management. The Company manages
its capital so as to safeguard its ability to continue as a going concern and to optimise returns to shareholders. The capital
structure of the Company is based on management’s judgement of its strategic and day-to-day needs with a focus on total equity
so as to maintain investor, creditors and market confidence. The management and the Board of Directors monitors the return on
capital as well as the level of dividends to shareholders. The Company may take appropriate steps in order to maintain, or if
necessary adjust, its capital structure. The details of Borrowings, Equity and Debt to Equity Ratio can be referred from Notes to
Financial Statements.

B) Financial Risk Management

The Company's Financial Risk Management is an integral part of how to plan and execute its business strategies. The Company's
financial risk management is set by the Managing Board.The Company's prinicipal financial liabilities comprise of loans and
borrowings, trade payables and other payables. The main purpose of these financial liabilities is to finance the company's
operations. The company's principal financial assets include trade & other receivables, cash and short term deposits.

The Company is exposed to the following risks from its use of financial instruments:

-Credit Risk
-Liquidity Risk
-Interest Rate Risk

i) Credit risk

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. Majority of the
company's transactions are earned in cash and cash equivalents. The trade receivables comprise mainly of receivables from
insurance companies, corporate customers and Government Undertakings. To manage this, the Company periodically assesses
the financial reliability of customers, taking into account financial conditions, current economic trends and analysis of historical
bad debts and ageing of accounts receivables. Individual risks are set accordingly. For Ageing of Trade Receivables, please refer
Note No. 51 to the Financial Statements "Ageing of Trade Receivables".

ii) Liquidity Risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable
price. The Company is responsible for liquidity, funding as well as settlement management. In addition, processes and policies
related to such risks are overseen by senior management. Management monitors the Company's net liquidity position through
rolling forecasts on the basis of expected cash flows.

iii) Interest Rate Risk

The Company is exposed to interest rate risk arising mainly from long term and short term borrowings with floating interest
rates.

The Company is exposed to interest rate risk because the cash flows associated with floating rate borrowings will fluctuate with
changes in interest rates.

C) The contractual maturities of financial liabilities based on contractual cash flows are elaborated in the Notes to Financial
Statements on Borrowings, Trade Payables and other Financial Liabilities.

D) Financing Arrangements:

The Company had access to the undrawn borrowing facilities during the year since the Company has availed an overdraft facility
from Punjab National Bank of Rs. 1100.00 Lakhs (refer Notes to the Financial Statements on Borrowings)

E) The category of Financial Instruments may be referred from the Notes to the Financial Statements on Financial Assets and
Financial Liabilities. Investment in Equity Instruments of Ganpati Plastfab Limited are categorised on the basis of Fair Value
Through Other Comprehensive Income (FVTOCI), investments in equity instruments of other corporates are stated on Fair Value
Through Profit & Loss (FVTPL) and all other financial assets and liabilities are stated on Amortised Cost.

Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as
follows:

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes investments in quoted
equity instruments. Quoted equity instruments are valued using quoted prices on recognised stock exchange.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximise the use of observable market data.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.
Fair value of financial assets and liabilities measured at amortised cost:

1) The Fair Values of Loans and Borrowings are calculated based on cash flows discounted at current discount rate. Fair Values
confer with their respective amortised costs.

2) The carrying amounts of trade and other receivables,trade Payables, cash and cash equivalents and other financial assets and
liabilities are considered at their fair value due to short term nature.

39. No Government Grants/Aids were received during the year.

40. There were no transactions in Foreign Currency during the year. There was no Unhedged Foreign Currency exposure of the
Company as on the reporting date.

41. No Borrowing Costs are capitalized during the year.

42. Balances of Patient Debtors, Trade Payables, all financial assets & liabilities and other debit/credit balances are analyzed but
subject to confirmation and adjustments necessary upon reconciliation thereof. The effect of the adjustment arising from
reconciliation and settlement of old outstanding dues and possible loss that may arise on account of non-recovery or partial
recovery of such dues is presently not ascertainable.

45. The Company has applied to BSE Ltd. for revocation of suspension of trading of its equity shares on the platform of Bombay
Stock Exchange. The same is pending before Stock Exchange.

46. Proceedings under Insolvency and Bankruptcy Code, 2016:

During the year under review, there were no proceedings that were filed by the Company or against the Company, which are
pending under the Insolvency and Bankruptcy Code, 2016 as amended, before National Company Law Tribunal or other Courts.

47. The Company does not hold any Capital Work in Progress (CWIP) as on the reporting date and hence, disclosure enunciated in
Schedule III pertinent to CWIP is not required.

48. CORPORATE SOCIAL RESPONSIBILITIES (CSR):

The Company does not meet the criteria of Section 135 of Companies Act, 2013 read with the Companies (Corporate Social
Responsibility Policy) Rules, 2014. The Company has not developed and implemented any Corporate Social Responsibility policy
as the said provisions are not applicable to the Company.

49. In the opinion of the management all the financial assets and financial liabilities have a value on realization in the ordinary
course of business at least equal to the amount at which they are stated and all the known liabilities are provided for.

50. The Statement of Cash Flows annexed to these financial statements has been prepared under the ‘Indirect Method’ as set
out in Ind AS 7, ‘Statement of Cash Flows’.

55 Title Deeds

The title deeds of all the immovable properties (other than properties where the Company is the lessee and the lease
agreements are duly executed in favour of the lessee) as disclosed in the Note "Property, Plant and Equipment" to the
Financial Statements, are held in the name of the Company.

56 Details of Benami Property held

No proceedings have been initiated on or are pending against the Company for holding Benami Property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

57 Borrowing secured against current assets

The Company has borrowings from banks on the basis of security of current assets. The quarterly returns or statements
of Current Assets filed by the Company with banks are in agreement with the books of accounts.

58 Wilful defaulter

The Company has not been declared wilful defaulter by any bank or financial institution or government or any
government authority.

59 Relationship with struck off companies

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.

60 Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

61 Compliance with approved scheme(s) of arrangements

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

Disclosure pertinent to the matter that whether the fair value of investment property (as measured for disclosure
purposes in the financial statements) is based on the valuation by a registered valuer as defined under rule 2 of
Companies (Registered Valuers and Valuation) Rules, 2017 is not required since the Company does not hold any
investment property as on the reporting date.

63 Utilisation of borrowed funds and share premium

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:

i) . directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf
of the group (Ultimate Beneficiaries) or

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

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 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) or

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

64 Undisclosed income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under
the Income Tax Act, 1961, that has not been recorded in the books of account.

65 Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

66 Valuation of plant property and equipment

The Company has not revalued its property, plant and equipment during the current or previous year.

67 Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the
statutory period.

68 Utilisation of borrowings availed from banks and financial institutions

The borrowings obtained by the Company from banks have been applied for the purposes for which such borrowings
were taken.

The Company has not granted any loans or advances in the nature of loans to promoters, directors and related parties

⁶⁹ during the year.

7Q Figures of current and previous year have been presented in INR (Indian Rupees), being functional currency for
presentation of Financial Statements.

Compliance with Schedule III to the Companies Act, 2013 and reclassification consequent to amendments to
Schedule III - The Ministry of Corporate Affairs has amended Schedule III to the Companies Act, 2013 on 24.03.2021 to

71 increase the transparency and provide additional disclosures to users of Financial Statements. These amendments are
effective from 01.04.2021. The Company has complied with the said amendments and these Financial Statements have
been prepared by incorporating the captioned amendments. Consequent to above, the Company has changed the
classification or presentation of certain line items of the Balance Sheet and Profit & Loss account as well as notes
thereof. Such reclassification is self explanatory and has no material impact on the Financial Statements.

72 Previous year figures have been restated, regrouped and rearranged, wherever considered necessary, to confirm to this
year’s classification. However these changes have no material impact on the Financial Statements.

As per our report of even date attached

FOR GOPAL SHARMA & CO. FOR AND ON BEHALF OF SHARMA EAST INDIA

CHARTERED ACCOUNTANTS HOSPITALS AND MEDICAL RESEARCH LIMITED

FRN: 002803C

Sd/- Sd/- Sd/-

GAUTAM SHARMA (SHAILENDRA KUMAR SHARMA) (MAYA SHARMA)

PARTNER MANAGING DIRECTOR DIRECTOR

M.NO:079225 DIN: 00432070 DIN: 00432496

UDIN: 24079225BKEQVG7583

Sd/-

(VIMAL KUMAR JOSHI)

CHIEF FINANCIAL OFFICER

Sd/-

JAIPUR (BHAWANA SHARMA)

30.05.2024 COMPANY SECRETARY

MRN: A61665