26.17 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

A provision is recognized if, as a result of a past event, the Company has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation.

A contingent liability is a possible obligation that arises from past events whose existence will
be confirmed by the occurrence or non-occurrence of one or more uncertain future events
beyond the control of the Company or a present obligation that is not recognized because it
is not probable that an outflow of resources will be required to settle the obligation. A
contingent liability also arises in extremely rare cases where there is a liability that cannot be
recognized because it cannot be measured reliably. The Company does not recognize a
contingent liability but discloses its existence in the standalone financial statements.
Contingent liabilities and commitments are reviewed by the management at each balance
sheet date.

Contingent assets are not recognized in the financial statements. However, contingent assets
are assessed continually and if it is virtually certain that an inflow of economic benefits will
arise, the asset and related income are recognized in the period in which the change occurs.

NOTES TO ACCOUNTS: -

27. The notes referred to in the Balance Sheet and Profit and Loss Account forms an integral part
of the accounts.

28. Balances of "Other Advances", "Trade Payables" and "Trade Receivables", are subject to
confirmations and reconciliations.

29.In the opinion of the Board of Directors, the current assets, loans and advances are
approximately of the value stated, if realized in the ordinary course of business.

30. Previous year figures have been regrouped / rearranged wherever it founds necessary.

31. MICRO, SMALL AND MEDIUM SCALE BUSINESS ENTITIES:

A sum of Rs 1939/- is payable to MSME payables as at 31^st March, 2025 (PY Rs 5899/-).
There is Micro and Small Enterprises Payable, to whom the Company owes dues, which is
outstanding for more than 45 days during the year. This information as required to be
disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis of information
available with the Company and provided to us.

• Hypothecation of Plant & Machineries. (Assets ID: - 200014852345),

• Hypothecation of Stock & Book Debts.

• Equitable Mortgage of Hospitals Land & Building Situated at Sy No. 168/1 of
2005 Sq. Mts and Sy No. 168/2, of 1055 Sq, Mts of total admeasuring of 3060
Sq. Mts, Village-Sargasan, Tehsil Gandhinagar in the name of Aashka Hospital
Ltd.

^Collateral Security: -

Equitable Mortgage of Plot no NA Land S. No. 404, 405, 406, 407, 408, 409,
412, 413, 414, at Dharmoda, Tal Chanasma, Dist Patan, Gujarat admeasuring
66155 Sq. Mts Owned by Mr. Rameshbhai Maganbhai Desai & Mr. Bipin
Dineshchandra Shah (Asset ID: - 200006252445)

2. Term Loan against residential property from Bank of India

Equitable Mortgage of Property situated at, Bunglow No. 39, Chaitnyanagar Society,

Opp. Saviour Hospital, Stadium Road, Navrangpura, Ahmedabad, Gujarat.

40. Additional Regulatory Information:

40.1 Company do not have any Immovable Property whose Title Deed is not held in the name of
Company.

40.2 There is No Revaluation of any Property, Plant and Equipment.

40.3 There are no Loans or Advances in the nature of loans are granted to promoters, Directors,
KMPs and the related parties either severally or jointly with any other person.

40.4 There is no Property, Plant and Equipment of company which is in Capital-Work-in
Progress.

40.5 There is no Intangible assets which is under development.

40.6 There are no proceedings 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 there under.

40.7 There are no borrowings of Company from banks or financial institutions on the basis of
security of current assets.

40.8 The company is not declared as wilful defaulter by any bank or financial institution or other
lender.

40.9 The company has no Relationship / transactions with struck off companies.

40.10 There is no charge pending for registration beyond the stipulated time period.

40.11 The company do not have any Holding or Subsidiary companies hence Compliance
regarding number of layers of companies is not applicable.

As per our report of even date

For : Parimal.S.Shah & Co. For & on Behalf of Board

Chartered Accountants.

FRN:107591W

1.Bipin Shah (DIN : 00934108)
Managing Director

2.Shreyarthi Shah (DIN : 02253942)
Director

3. Mayank Agarwal (M.No: A55107)
Company Secretary

4. Lokesh Khandelwal

(P.S.Shah) CFO (PAN : AXSPK1780C)

Proprietor
M.NO.: 038507

Place : Ahmedabad

UDIN : 25038507BMIFSJ7208 Place : Ahmedabad

Date : 27-05-2025 Date : 27-05-2025