20. Provisions and contingent liabilities

Provisions are recognized when the Company has a present, legal or
constructive obligation as a result of a past event and it is probable that an
outflow of resources will be required to settle the obligation, and a reliable
estimate of the amount of the obligation can be made. Provisions are
determined based on the best estimate required to settle the obligation at the
Balance Sheet date. Provisions are reviewed at each Balance Sheet date and
adjusted to reflect current best estimates.

Provisions are measured at the present value of management's best estimate of
the expenditure required to settle the present obligation at the end of the
reporting period. The discount rate used to determine the present value is a
pre- tax rate that reflects current market assessments of the time value of money
and the risks specific to the liability. The increase in the provision due to the
passage of time is recognized as finance cost .

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 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. A disclosure for a
contingent liability is made where there is a possible obligation arising out of
past events, the existence of which will be confirmed only by the occurrence
or non-occurrence of one or more uncertain future events not wholly within
the control of the Company or a present obligation arising out of a past event
where it is either not probable that an outflow of resources will be required to
settle or a reliable estimate of the amount cannot be made.

The above loans provided to the subsidiary company namely Alan Scott Automation and
Robotics Ltd and Alan Scott Retail Limited, and to Alan Scott Sportzchain Technologies P
ltd (entity under common control) and Satwik Himalyan Products are unsecured and
repayable on demand.

Further, the loans provided to Alan Scott Sportzchain Technologies P ltd and Satwik
Himalyan Products are interest free.

Investments during the year Rs.5,24,49,162.88/-(Previous Year Rs.3,82,27,632.88/-)

Guarantees given and Securities provided by the Companies in respect of Loan for the FY
2024-25 Rs. 4,64,628/-

23. Operating Lease: Alan ScB'tt

The Company has not taken any lease properties under financial lease
arrangements.

24. Gratuity and Employment Benefit Plan:

No provision has been made for retirement and employee benefit as per 'Ind AS
19' regarding retirement.

25. Capital Commitments:

The capital commitment as at March 31, 2025 is NIL.

26. Unhedged Foreign Currency Exposures:

There is no foreign currency exposure outstanding as on 31/03/2025.

27. Income/ Expenditure in Foreign Currency:

There is no Income/ Expenditure in foreign currency as on 31/03/2025.

28. Benami Property held:

There is no Benami Property held by company as on 31/03/2025.

29. Wilful Defaulter:

The Company is not declared as wilful defaulter by any Bank or Financial
Institution.

30. Relationship with Struck off Companies:

The Company has not had any transactions with companies struck off under
section 248 of the Companies Act, 2013.

31. Registration of charges or satisfaction with Register of Companies:

The company does not have any charge as on 31/03/2025.

32. Compliance with approved Scheme(s) of Arrangement:

The Company has not approved any Scheme of Arrangement in terms of sections
230 to 237 of the Companies Act, 2013.

33. Utilisation of Borrowed funds and share premium: -

The Company has Borrowed funds from group company and the same is used to
give loan to subsidiaries.

34. Corporate Social Responsibility(CSR):

The company is not required to fulfill any liability under the provisions of section
135 of the Companies Act, relating to Corporate Social Responsibility.

35. Crypto Currency and Virtual Currency:

The company has not traded or invested in any Crypto currency or Virtual currency.

36. Compliance with number of layers Companies:

The company has complied with the clause 87 of section 2 of the Act Companies
(Restriction on number of Layers) Rules, 2017.

37. SME Accounting Standard Compliance:

In absence of adequate information relating to the suppliers under the Micro,
Small and Medium Enterprises Development Act, 2006, the Company is unable to
identify such suppliers, hence the Information required under the said Act, cannot
be ascertained.

38. The company has not advanced or loaned or invested any funds to any other
person(s) or entity(ies), including foreign entities (Intermediaries) with the
understanding that the Intermediary shall:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries

39. 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:

(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.

Debt represent only Long Term Liabilities.

²⁾ Debt service represent Interest Principal pertaining to long term borrowings
payable.

The variance in case of Current ratio is due to financing of working capital by short term
borrowing availed.

The variance in case of Debt- Equity Ratio, Return on Capital Employed (ROCE) and Return
on equity ratio is due to increase in the Long term borrowings and changes in shareholder's

^equi,v .

The variance in Debt service coverage ratio is due to increase in the earnings of the
company .

The variance in case of Trade receivables turnover ratio is because of the increased in
outstanding receivables without a corresponding increase in sales. The variance in case of
Net capital turnover ratio is because of the increased working capital requirement in the
current year.

41. Previous periods / year's figures have been reported have been regrouped where
necessary to conform to current period's classification.

42. The notes referred to above form an integral part of the Balance Sheet and Profit
& Loss Account.

For and on behalf of Board of Directors
Alan Scott Enterprises Limited

Pravin Chandak And Associates
Chartered Accountants
Firm Regn. No. 116627W

Sd/- Sd/- Sd/-

CA Pravin Chandak Sureshkumar Jain Saloni Jain

Proprietor / Partner Director Director

M. No.049391 DIN:00048463 DIN :07361076

UDIN: 25049391BMJALD6917

Date:28-05-2025 Sd/- Sd/-

Place: Mumbai Sheetal Jagetiya Vishesh Bapna

Company Secretary Chief Financial

Membership No. A22737 Officer