(K) Contingencies / Provisions:

A provision is recognised when an company has a present obligation as a result of past event; it is probable that an
outflow of resources embodying economic benefit will be required to settle the obligation and reliable estimate can be
made.

(L) Trade and other payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year
which are unpaid. Trade and other payables are recognised, initially at fair value, and subsequently measured at
amortised cost using effective interest rate method.

(M) Investments

On transition to Ind AS, equity investments are measured at fair value, with value changes recognised in Other
Comprehensive Income, except for those mutual fund for which the Company has elected to present the fair value
changes in the Statement of Profit and Loss.

(N) Operating Cycle

Based on the nature of products/activities of the Company and the normal time between acquisition of assets and their
realisation in cash or cash equivalents, the Company has determined its operating cycle as 12 months for the purpose
of classification of its assets and liabilities as current and non current.

17 Financial risk management

The Company’s principal financial liabilities comprise borrowings, trade and other payables. The main purpose of
these financial liabilities is to finance the Company’s operations. The Company’s principal financial assets include
loans, trade and other receivables, and cash and cash equivalents that derive directly from its operations.

Considering the state of affairs of the company, the Company is exposed to liquidity risk. The Company’s senior
management oversees the management of these risks.

A 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. For the Company, liquidity risk arises from obligations on account of financial liabilities - trade
payables and other financial liabilities.

Liquidity risk management

The Company’s Senior Management is responsible for liquidity and funding as well as settlement management. In
addition, processes and policies related to such risks are overseen by senior management.

20 The company has accumulated losses as on the Balance Sheet date amounting Rs. 446.47 Lacs (Previous Year - Rs.430.69
Lacs) against the paid up capital of Rs. 15 lacs. In view of the Management, the company's accounts are prepared on
going concern basis considering the fact that its holding company will provide continuous financial support.

21 The management assessed that Cash and Cash equivalents, loans, other balances with Banks, trade receivables, trade
payables and other current liabilities/assets approximate their carrying amounts largely due to the short-term maturities of
these instruments.

1. Increase in debt during the year.

2. Decrease in loss during the year.

3. Decrease in finance cost during the year.

23 Benami Property

No proceeding has been initiated or pending against the group for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

24 Relationship with Struck off Companies

The Company has no transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560
ofthe Companies Act, 1956.

25 Registration of charges or satisfaction with Registrar of Companies

The Company has no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

26 Previous year figures have been regrouped and rearranged wherever considered necessary to make them comparable with
those ofthe current year.

For Kami Doshi Associates LLP For and on behalf of the Board of Directors of

Chartered Accountants

FRN: 104746W/W100096 Kalpana Morakhia Rahul Kate

Managing Director Director

Kunal Vakharia DIN: 00336451 DIN: 08099915

Partner

Membership No: 148916

Place: Mumbai Umesh Bhise Nirali Mehta

Date: 10^th May, 2024 Chief Financial Officer Company Secretary