I. Provisions, Contingent Liabilities and Contingent Assets

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that
an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made.
Provisions (excluding retirement benefits) are discounted to its present value and are determined based on best
estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date
and adjusted to reflect the current best estimates.Contingent liabilities are not recognised in the financial statements.
A contingent asset is neither recognised nor disclosed in the financial statements.

J. Current versus Non-current Classification

The Company presents assets and liabilities in the balance sheet based on current/non-current classification.

An asset is treated as current when it is:

Expected to be realised or intended to be sold or consumed in normal operatingcycle

- Held primarily for the purpose of trading

- Expected to be realised within twelve months after the reporting period, or

- Cash or cash equivalent unless restricted from being exchanged or used to settle aliability for at least twelve
months after the reporting period

All other assets are classified as non-current.

A liability is current when:

- It is expected to be settled in normal operating cycle

- It is held primarily for the purpose of trading

- It is due to be settled within twelve months after the reporting period, or

- There is no unconditional right to defer the settlement of the liability for at leasttwelve months after the
reporting period all other liabilities as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities. The operating cycle is the time
between the acquisition of assets for processing and their realisation in cash and cash equivalents. The
Company has identified twelvemonths as its operating cycle.

K. Cash and Cash Equivalents in the Statement of Cash Flows

Cash and cash equivalent in the balance sheet comprise cash at banks balances

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of
transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and
item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing
and financing activities of the Company are segregated.

L. Leases
Finance Lease

Assets held under lease viz. property, plant and equipment, in which a significant portion of the risks and rewards of
ownership are transferred to lessee are classified asfinance leases.

Operating Lease

All other leases are treated as operating leases.

M. Earnings Per Share

Basic and diluted earnings per share is computed by dividing the net profit attributable to equity shareholders for the
year, by weighted average number of equity shares outstanding during the year.

N. Segment Accounting Policies

The company has only one segment of operation i.e. Share Trading and Investment activities, so segment wise Income/
Expenditure/Assets and Liabilities are not presented, as per Ind AS 108.

O. Other Accounting Policies

Other accounting policies are consistent with generally accepted accounting policies.

2. PREVIOUS YEAR'S FIGURES

The Previous year's figures have been recasted/restated and regrouped, wherevernecessary to confirm with Ind AS and
current year classification.

3. SHARE CAPITAL

The Company has at present, only one class of shares i.e. Equity Shares. During the year Equity Capital increased by Rs.
400 Lakh from previous year due to preferential allotment of Equity Shares to Promoter. The company has only one class
of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share.

4. PROPERTY PLANT AND EQUIPMENT

During the year, the Company has Purchased fixed assets of Rs. 0.15 Lakhs (Previous Year: - Purchase of net fixed assets
of Rs. 1.44 Lakhs from its gross block).

11. DEFERRED TAX

There is no certainty of earning future profits by the Company, therefore Deferred Tax Liability has been reversed in
earlier years and therefore no Deferred Tax has been accounted for this year.

12. CONSOLIDATED FINANCIAL STATEMENTS

The consolidated financial statements are published as per the Ind AS 110.

13. DUES TO SMALL SCALE INDUSTRIAL UNDERTAKINGS

Due to Micro, Small, Medium Enterprises as defined under the MSMED Act, 2006 is Rs. Nil (Previous Year Rs. Nil). This
information has been determined to the extent such parties have been identified on the basis of information available
with the company. This has been relied upon by the auditors.

14. INVESTOR EDUCATION PROTECTION FUND

There are no amounts due and outstanding to be credited to Investor Education Protection Fund.

15. EMPLOYEES BENEFITS

(a) Defined Contribution Plans

The Group's Contribution paid/payable during the year towards Provident Fund is charged in the Profit and Loss
Account every year

(b) Defined Benefit Plan

During the current financial year provisions of Rs. 0.89 Lakh is made towards gratuity (Previous Year Rs. 0.74 Lakh)
liability as on 31^st March, 2025 under the Payment of Gratuity Act, 1972.

16. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

In accordance with Ind AS 37, a provision is recognised when the Company has a present obligation as a result of past
event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable
estimate can be made. Provisions (excluding retirement benefits) are discounted to its present value and are determined
based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance
sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial
statements. A contingent asset is neither recognised nor disclosed in the financial statements.

Provision for Doubtful Debt

There is no doubtful amount receivable from the parties; therefore no provision has been made towards Doubtful Debts
in the books of accounts. Further the management has opinion that advance given to the wholly owned subsidiary will be

recovered in normal course & business once the recovery comes in Dubai market. The management is of the opinion that
amount due from wholly owned subsidiary is not doubtful hence no provision made in books of account. The loan given
to wholly owned subsidiary is for the purpose of business operation. The nature of transfer represent interest free loan
provided to its wholly owned subsidiary will not fined repayment schedule.

17. PRIOR PERIOD ITEMS

Prior period items having material impact on the financial affairs of the company have been disclosed.

18. There is no employee drawing Salary of Rs. 2 Lakhs per month or more.

19. There is no Unpaid Dividend Account balance as on 31^st March, 2025.

20. Other additional information pursuant to Schedule III Part II of the Companies Act, 2013 are not applicable to the
Company.

As per our Report of Even Date For BSEL ALGO LIMITED

For Gada Chheda & Co. LLP Sd/- Sd/-

Chartered Accountants Santosh S Tambe Anamika Kamble

Managing Director Director/CFO

Sd/- DIN: 09668177 DIN: 09824238

CA Ronak Gada

Partner Sd/-

UDIN: 25146825BMIFQI9563 Khushbu Desai

Membership No. 146825 Company Secretary

, , . ACS: A69203

Place: Mumbai

Date: 29.05.2025