13. Provision, Contingent Liabilities and Contingent Assets

Provisions involving substantial degree of estimation in measurement are recognized when there is a present
obligation as a result of past events and it is probable that there will be an outflow of resources.

B. NOTES ON ACCOUNTS

1. The financial statements including financial information have been prepared after making such regroupings and
adjustments, considered appropriate to comply with the same. As result of these regroupings and adjustments,
the amount reported in the financial statements/information may not necessarily be same as those appearing in
the respective audited financial statements for the relevant years.

2. Post Employment Benefits:

Since the company has not compelted 5 years from its incorporation so that provision for gratuity has not been
valued.

3. Provisions, Contingent Liabilities and Contingent Assets (AS 29)

Contingent liabilities and commitments (to the extent not provided for). There are no contingent liabilities as on
March 31, 2023.

a) The Company does not have any Benami Property, and no proceeding has been initiated or pending
against the Company for holding any Benami Property.

b) The Company does not have any transactions with companies which are struck off.

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

d) The Company have not traded or invested in crypto currency or virtual currency during the financial
year.

e) 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 company (ultimate beneficiaries) or

(ii) Provide any Guarantee, Security, or the like to or on behalf of the Ultimate Beneficiaries

f) The Company have 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:

(a) 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

(b) Provide any Guarantee, Security, or the like on behalf of the ultimate beneficiaries.

g) The Company has no such 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.

h) The Company have not been declared willful defaulter by any Banks or any other Financial Institution at
any time during the financial year.

i) The company has utilized the borrowings from banks and financial institutions for the specific purpose
for which it was taken during the financial year.

As per our report of even date ^ — .1

^{1 1} For and on behalf of the Board of Directors

For A Y & Company

Firm Registration No. 020829C

Chartered Accountants

Dr. Amit Shah Dr. Kirti Kumar Shah

Chairma Cum Managing Director Whole Time Director
DIN : 09119113 DIN : 10039838

CA Akanksha Gupta
Partner

Membership No. 421545
UDIN : 24421545BKJMBK1854

Place : Ratlam Vaishale Bohra Saloni Badjatya

Date : 28.05.2024 Chief Financial Officer Company Secretary

ACS - 60457