3.16. Provisions, contingent liabilities, contingent
assets

A provision is recognised when the Company has a
present obligation (legal or constructive) 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 a reliable estimate can be made. If the
effect of time value of money is material, provisions are
discounted using a current pre-tax rate that reflects,

when appropriate, the risk specific to the liability. When
discounting is used, the increase in the provision due
to the passage of time is recognised as a finance cost.
These are reviewed at each balance sheet date and
adjusted to reflect the current best estimates.

A disclosure for a contingent liability is made when there
is a possible obligation or a present obligation that may,
but probably will not require an outflow of resources.
When there is a possible obligation or a present
obligation in respect of which likelihood of outflow of
resources is remote, no provision or disclosure is made.

Provisions, contingent liabilities, contingent assets and
commitments are reviewed at each balance sheet date.

3.17. Earnings per share

Basic earnings per share is computed using the net
profit for the year attributable to the shareholders' and
weighted average number of shares outstanding during
the year. The weighted average numbers of shares also
includes fixed number of equity shares that are issuable
on conversion of compulsorily convertible preference
shares, debentures or any other instrument, from the
date consideration is receivable (generally the date of
their issue) of such instruments.

Diluted earnings per share is computed using the net
profit for the year attributable to the shareholder' and
weighted average number of equity and potential equity
shares outstanding during the year including share
options, convertible preference shares and debentures,
except where the result would be anti-dilutive. Potential
equity shares that are converted during the year are
included in the calculation of diluted earnings per share,
from the beginning of the year or date of issuance of
such potential equity shares, to the date of conversion.

3.18. Financial instruments

A financial instrument is any contract that gives rise to
a financial asset of one entity and a financial liability or
equity instrument of another entity. Financial assets and
financial liabilities are initially measured at fair value.
Transaction costs that are directly attributable to the
acquisition or issue of financial assets and financial
liabilities (other than financial assets and financial
liabilities at fair value through profit or loss) are added to
or deducted from the fair value of the financial assets or
financial liabilities, as appropriate, on initial recognition.
Transaction costs directly attributable to the acquisition
of financial assets or financial liabilities at fair value
through profit or loss are recognised immediately in
profit or loss.

3.19. Derivative financial instruments

Derivatives are recognised initially at fair value at
the date a derivative contract is entered into and are
subsequently remeasured to their fair value at each
reporting date. The resulting gain or loss is recognised
in profit or loss immediately unless the derivative is
designated and effective as a hedging instrument, in
which event the timing of the recognition in profit or
loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a
financial asset whereas a derivative with a negative fair
value is recognised as a financial liability. Derivatives
are not offset in the financial statements unless the
Company has both a legally enforceable right and
intention to offset. A derivative is presented as a non¬
current asset or a non-current liability if the remaining
maturity of the instrument is more than 12 months and
it is not due to be realised or settled within 12 months.
Other derivatives are presented as current assets or
current liabilities.

Embedded derivatives

An embedded derivative is a component of a hybrid
contract that also includes a non-derivative host - with
the effect that some of the cash flows of the combined
instrument vary in a way similar to a standalone
derivative. Derivatives embedded in hybrid contracts
with a financial asset host within the scope of Ind AS 109
are not separated. The entire hybrid contract is classified
and subsequently measured as either amortised cost or
fair value as appropriate.

Derivatives embedded in hybrid contracts with hosts
that are not financial assets within the scope of Ind AS
109 (e.g. financial liabilities) are treated as separate
derivatives when they meet the definition of a derivative,
their risks and characteristics are not closely related to
those of the host contracts and the host contracts are
not measured at FVTPL.

If the hybrid contract is a quoted financial liability,
instead of separating the embedded derivative, the
Company generally designates the whole hybrid
contract at FVTPL.

An embedded derivative is presented as a non-current
asset or non-current liability if the remaining maturity of
the hybrid instrument to which the embedded derivative
relates is more than 12 months and is not expected to
be realised or settled within 12 months.

3.19.1. Financial assets

All regular way purchases or sales of financial assets
are recognised and derecognised on a trade date
basis. Regular way purchases or sales are purchases or
sales of financial assets that require delivery of assets
within the time frame established by regulation or
convention in the marketplace. All recognised financial
assets are subsequently measured in their entirety at
either amortised cost or fair value, depending on the
classification of the financial assets.

Classification of financial assets

Debt instruments that meet the following conditions
are subsequently measured at amortised cost (except
for debt instruments that are designated as at fair value
through profit or loss on initial recognition):

• the asset is held within a business model whose
objective is to hold assets in order to collect contractual
cash flows; and

• the contractual terms of the instrument give rise on
specified dates to cash flows that are solely payments
of principal and interest on the principal amount
outstanding.

All other financial assets are subsequently measured
at fair value.

Effective interest method

The effective interest method is a method of calculating
the amortised cost of a debt instrument and of allocating
interest income over the relevant period. The effective
interest rate is the rate that exactly discounts estimated
future cash receipts (including all fees and points paid
or received that form an integral part of the effective
interest rate, transaction costs and other premiums
or discounts) through the expected life of the debt
instrument, or, where appropriate, a shorter period, to
the gross carrying amount on initial recognition.

Income is recognised on an effective interest basis
for debt instruments other than those financial assets
classified as at Fair value through profit or loss (FVTPL).
Interest income is recognised in profit or loss and is
included in the “Other income” line item.

Investments in equity instruments at Fair value
through Other Comprehensive Income (FVTOCI)

On initial recognition, the Company can make an
irrevocable election (on an instrument-by-instrument
basis) to present the subsequent changes in fair value in
other comprehensive income pertaining to investments
in equity instruments. This election is not permitted if
the equity investment is held for trading. These elected
investments are initially measured at fair value plus
transaction costs. Subsequently, they are measured at

fair value with gains and losses arising from changes in
fair value recognised in other comprehensive income
and accumulated in the ‘Reserve for equity instruments
through other comprehensive income'. The cumulative
gain or loss is not reclassified to profit or loss on disposal
of the investments.

A financial asset is held for trading if:

• It has been acquired principally for the purpose of
selling it in the near term; or

• On initial recognition it is part of a portfolio of
identified financial instruments that the Company
manages together and has a recent actual pattern of
short-term profit-taking; or

• It is a derivative that is not designated and effective
as a hedging instrument or a financial guarantee.
Dividends on these investments in equity instruments
are recognised in profit or loss when the Company's right
to receive the dividends is established, it is probable
that the economic benefits associated with the dividend
will flow to the entity, the dividend does not represent
a recovery of part of cost of the investment and the
amount of dividend can be measured reliably. Dividends
recognised in profit or loss are included in the ‘Other
income' line item.

Financial assets at FVTPL

Investments in equity instruments are classified as
at FVTPL, unless the Company irrevocably elects on
initial recognition to present subsequent changes in fair
value in other comprehensive income for investments in
equity instruments which are not held for trading.

Financial assets at FVTPL are measured at fair value
at the end of each reporting period, with any gains or
losses arising on re-measurement recognised in profit
or loss. The net gain or loss recognised in profit or loss
incorporates any dividend or interest earned on the
financial asset and is included in the ‘Other income' line
item. Dividend on financial assets at FVTPL is recognised
when the Company's right to receive the dividends is
established, it is probable that the economic benefits
associated with the dividend will flow to the entity, the
dividend does not represent a recovery of part of cost
of the investment and the amount of dividend can be
measured reliably.

Impairment of financial assets

The Company recognizes loss allowances using the
expected credit loss (ECL) model based on ‘simplified
approach' for the financial assets which are not fair
valued through profit or loss. Loss allowance for trade
receivables with no significant financing component
is measured at an amount equal to lifetime ECL. For
all other financial assets, expected credit losses are

measured at an amount equal to the twelve month ECL,
unless there has been a significant increase in credit risk
from initial recognition in which case those are measured
at lifetime ECL. The amount of expected credit losses (or
reversal) that is required to adjust the loss allowance at
the reporting date to the amount that is required to be
recognized is recognized as an impairment gain or loss
in statement of profit and loss.

De-recognition of financial asset

The Company de-recognises a financial asset when
the contractual rights to the cash flows from the asset
expire, or when it transfers the financial asset and
substantially all the risks and rewards of ownership of the
asset to another party. If the Company neither transfers
nor retains substantially all the risks and rewards of
ownership and continues to control the transferred
asset, the Company recognises its retained interest in
the asset and an associated liability for amounts it may
have to pay. If the Company retains substantially all the
risks and rewards of ownership of a transferred financial
asset, the Company continues to recognise the financial
asset and also recognises a collateralised borrowing for
the proceeds received.

On de-recognition of a financial asset in its entirety, the
difference between the asset's carrying amount and the
sum of the consideration received and receivable and
the cumulative gain or loss that had been recognised
in other comprehensive income and accumulated in
equity is recognised in profit or loss if such gain or loss
would have otherwise been recognised in profit or loss
on disposal of that financial asset.

On de-recognition of a financial asset other than
in its entirety (e.g. when the Company retains an
option to repurchase part of a transferred asset), the
Company allocates the previous carrying amount of
the financial asset between the part it continues to
recognise under continuing involvement, and the part
it no longer recognises on the basis of the relative fair
values of those parts on the date of the transfer. The
difference between the carrying amount allocated
to the part that is no longer recognised and the sum
of the consideration received for the part no longer
recognised and any cumulative gain or loss allocated
to it that had been recognised in other comprehensive
income is recognised in profit or loss if such gain or loss
would have otherwise been recognised in profit or loss
on disposal of that financial asset. A cumulative gain or
loss that had been recognised in other comprehensive
income is allocated between the part that continues to
be recognised and the part that is no longer recognised
on the basis of the relative fair values of those parts.

3.19.2. Financial liability and equity instrument
Classification as debt or equity

Debt and equity instruments issued by the Company
are classified as either financial liabilities or as equity
in accordance with the substance of the contractual
arrangements and the definitions of a financial liability
and an equity instrument.

Equity instruments

An equity instrument is any contract that evidences a
residual interest in the assets of an entity after deducting
all of its liabilities. Equity instruments issued by the
Company are recognised at the proceeds received,
net of direct issue costs. Repurchase of the Company's
own equity instruments is recognised and deducted
directly in equity. No gain or loss is recognised in profit
or loss on the purchase, sale, issue or cancellation of
the Company's own equity instruments.

Financial liabilities

All financial liabilities are subsequently measured at
amortised cost using the effective interest method or
at FVTPL.

However, financial liabilities that arise when a transfer
of a financial asset does not qualify for de-recognition
or when the continuing involvement approach applies,
financial guarantee contracts issued by the Company,
and commitments issued by the Company to provide
a loan at below-market interest rate are measured in
accordance with the specific accounting policies set
out below.

Financial liabilities at FVTPL

Financial liabilities are classified as at FVTPL when
the financial liability is either contingent consideration
recognised by the Company as an acquirer in a business
combination to which Ind AS 103 applies or is held for
trading or it is designated as at FVTPL.

A financial liability is classified as held for trading if:

• it has been incurred principally for the purpose of
repurchasing it in the near term; or

• on initial recognition it is part of a portfolio of
identified financial instruments that the Company
manages together and has a recent actual pattern
of short-term profit-taking; or

• it is a derivative that is not designated and effective
as a hedging instrument.

A financial liability other than a financial liability held
for trading or contingent consideration recognised by
the Company as an acquirer in a business combination
to which Ind AS 103 applies, may be designated as at
FVTPL upon initial recognition if:

• such designation eliminates or significantly reduces
a measurement or recognition inconsistency that
would otherwise arise;

• the financial liability forms part of a Company of
financial assets or financial liabilities or both, which
is managed and its performance is evaluated on a
fair value basis, in accordance with the Company's
documented risk management or investment
strategy, and information about the Companying
is provided internally on that basis; or

• i t forms part of a contract containing one or more
embedded derivatives, and Ind AS 109 permits the
entire combined contract to be designated as at
FVTPL in accordance with Ind AS 109.

Financial liabilities at FVTPL are stated at fair value,
with any gains or losses arising on re-measurement
recognised in profit or loss. The net gain or loss
recognised in profit or loss incorporates any interest
paid on the financial liability and is included in the
‘Finance Cost' line item.

However, for non-held-for-trading financial liabilities that
are designated as at FVTPL, the amount of change in
the fair value of the financial liability that is attributable
to changes in the credit risk of that liability is recognised
in other comprehensive income, unless the recognition
of the effects of changes in the liability's credit risk in
other comprehensive income would create or enlarge
an accounting mismatch in profit or loss, in which case
these effects of changes in credit risk are recognised in
profit or loss. The remaining amount of change in the
fair value of liability is always recognised in profit or loss.
Changes in fair value attributable to a financial liability's
credit risk that are recognised in other comprehensive
income are reflected immediately in retained earnings
and are not subsequently reclassified to profit or loss.

Gains or losses on financial guarantee contracts and
loan commitments issued by the Company that are
designated by the Company as at fair value through
profit or loss are recognised in profit or loss.

Financial liabilities subsequently measured at
amortised cost

Financial liabilities that are not held-for-trading and
are not designated as at FVTPL are measured at
amortised cost at the end of subsequent accounting
periods. The carrying amounts of financial liabilities
that are subsequently measured at amortised cost are
determined based on the effective interest method.
Interest expense that is not capitalised as part of costs
of an asset is included in the ‘Finance costs' line item.
The effective interest method is a method of calculating

the amortised cost of a financial liability and of allocating
interest expense over the relevant period. The effective
interest rate is the rate that exactly discounts estimated
future cash payments (including all fees and points paid
or received that form an integral part of the effective
interest rate, transaction costs and other premiums or
discounts) through the expected life of the financial
liability or (where appropriate) a shorter period, to the
gross carrying amount on initial recognition.

Financial guarantee contracts

A financial guarantee contract is a contract that requires
the issuer to make specified payments to reimburse the
holder for a loss it incurs because a specified debtor
fails to make payments when due in accordance with
the terms of a debt instrument.

Financial guarantee contracts issued by the Company
are initially measured at their fair values and, if not
designated as at FVTPL, are subsequently measured
at the higher of:

• the amount of loss allowance determined in
accordance with impairment requirements of Ind
AS 109; and

• the amount initially recognised less, when
appropriate, the cumulative amount of income
recognised in accordance with the principles of Ind
AS 18.

Compound financial instruments

The liability component of a compound financial
instrument is recognised initially at fair value of a similar
liability that does not have an equity component. The
equity component is recognised initially as the difference
between the fair value of the compound financial
instrument as a whole and the fair value of the liability
component. Any directly attributable transaction costs
are allocated to the liability and the equity components,
if material, in proportion to their initial carrying amounts.

Subsequent to the initial recognition, the liability
component of a compound financial instrument is
measured at amortised cost using the effective interest
rate method. The equity component of a compound
financial instrument is not re-measured subsequent to
initial recognition except on conversion or expiry.

Offsetting of financial instruments

Financial assets and financial liabilities are offset and
the net amount is reported in the balance sheet if
there is a currently enforceable legal right to offset
the recognised amounts and there is an intention to
settle on a net basis, to realise the assets and settle the
liabilities simultaneously.

Reclassification

The Company determines classification of financial
assets and liabilities on initial recognition. After initial
recognition, no reclassification is made for financial
assets which are equity instruments and financial
liabilities. For financial assets which are debt instruments,
a reclassification is made only if there is a change in the
business model for managing those assets. Changes
to the business model are expected to be infrequent.
The management determines change in the business
model as a result of external or internal changes which
are significant to the Company's operations. A change
in the business model occurs when the Company either
begins or ceases to perform an activity that is significant
to its operations. If the Company reclassifies financial
assets, it applies the reclassification prospectively from
the reclassification date which is the first day of the
immediately next reporting period following the change
in business model. The Company does not restate

Issue related expenses amounting to ' 129.24 millions have been adjusted against securities premium as per Section
52 of the Companies Act, 2013.

17.2 Rights, preferences and restrictions attached to equity shares

The Company has single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends
and share in the Company's residual assets. The equity shares are entitled to receive dividend as declared from time
to time subject to payment of dividend to preference shareholders. The voting rights of an equity shareholder on a
poll (not on show of hands) are in proportion to its share of the paid-up equity capital of the Company. Voting rights
cannot be exercised in respect of shares on which any call or other sums presently payable have not been paid.

On winding up of the Company, the holders of equity shares will be entitled to receive the residual assets of the
Company, remaining after distribution of all preferential amounts in proportion to the number of equity shares held.

17.7 Approval of Concord Enviro System Employee Stock Option Plan 2022

The Company has, vide Shareholders' approval dated 22nd June, 2022, introduced, implemented “Concord Enviro
System Employee Stock Option Plan 2022" (“ESOP 2022") and approved the plan authorizing the committee to
grant not exceeding 20,600 (twenty thousand six hundred only) options ("option pool”) to the eligible employee
in one or more tranches, from time to time which in aggregate shall be exercisable into not more than 20,600
(twenty thousand six hundred only) shares with each such option conferring a right upon the employee to apply
for one share in the Company in accordance with the terms and conditions as may be decided under the plan.

17.8 For the period of five years immediately preceding the date as at which the Balance Sheet is prepared :

(a) Aggregate number and class of shares alotted as fully paid up pursuant to contract(s) without payment being
received in cash: NIL

(b) Aggregate number and class of shares allotted as fully paid up by way of bonus shares:

i. Pursurant to the approval of Board of Directors in its meeting held on 9th November, 2022 and approval of the
shareholders in the Extraordinary General Meeting held on 9th November, 2022, the Company has approved
issuance of bonus shares of face value of equity shares of ' 5 in the ratio of 17 equity share having face value of ' 5
for every equity share of ' 5. As a result the number of equity share of the Company has increased from 8,51,120
to 1,53,20,160.

ii. Pursurant to the approval of Board of Directors in its meeting held on dated 10th November, 2022 and approval
of the shareholders in the Extraordinary General Meeting held on dated 10th November, 2022, the Company has
approved conversion of 7,999 compulsory convertible preference shares of face value ' 1000 to 28,79,640 equity
shares of face value ' 5. As a result the number of equity share of the Company has increased from 1,53,20,160 to
1,81,99,800.

(c) Aggregate number and class of shares bought back: NIL

Note:

(a) In respect of (a) above, future cash outflows (including interest/penalty, if any) are determinable on receipt of
judgement from tax authorities / settlement of claims. Further, the Company does not expect any reimbursement
in respect of above.

(b) The Company has a process whereby periodically all long term contracts (including derivative contracts) are
assessed for material foreseeable losses. At the period end, the Company has no long term contracts.

35 Capital commitment

As per the provisions of the Shareholders agreement regarding Roserve Enviro Private Limited signed by and
between Danish Climate Investment Fund I K/S, Concord Enviro Systems Limited, Prayas Goel, Prerak Goel and
Roserve Enviro Private Limited, as the preferred exit to the Investor (Danish Climate Investment Fund I K/S) has not
been provided before 1st January 2024, the Company would have to acquire the shares held by Danish Climate
Investment Fund I K/S at Fair Market Value subject to a XIRR of 12% or book value per share.

36 Segment Reporting

In accordance with Ind AS 108, "Operating Segments" the Company has disclosed the segment information in the
consolidated financial statement.

37 Disclosure relating to employee benefits as per Ind AS19 ' Employee Benefits'

(A) Defined contribution plans

The Company has certain defined contribution plans. The obligation of the Company is limited to the amount
contributed and it has no further contractual obligation. Following is the details regarding Company's contributions
made during the period:

Note:

(i) Since there is no financial asset/financial liability which is measured at fair value through other comprehensive
income, no separate disclosure has been made for the same in the above table.

(ii) Above disclosure excludes investments in subsidiaries and joint ventures as these are accounted at cost and
under equity method respectively in accordance with Ind AS 27 Separate Financial Statements and Ind AS 28
Investments in Associates and Joint Ventures.

(iii) Fair value determined using level - 3 inputs. The carrying value is considered to be representative of the fair
value.

(iv) There were no transfers between level - 1, level - 2 and level - 3 during the years presented.

(v) This section explains the judgement and the estimates made in determining the fair values of the financial
instruments that are recognised and measured at fair value.

(b) Fair valuation techniques

The Company maintains policies and procedures to value financial assets or financial liabilities using the best and
most relevant data available. The fair values of the financial assets and liabilities are included at the amount that
would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants
at the measurement date.

The fair value of financial assets and financial liabilities are approximately equal to their carrying amounts.

Valuation techniques used for valuation of derivative instruments categorised as level 3: Fair value of derivatives at
fair value through profit or loss is measured using Monte Carlo Simulation Pricing method to evaluate the conditions
of committed Internal rate of return (IRR), assuming time to liquidity of 2 years from the Balance sheet date. Other
unobservable inputs includes use of 7.05% of risk free rate, 35% standard deviation.

(c) Fair value hierarchy

Financial assets and financial liabilities are measured at fair value in the financial statement and are grouped into
three levels of a fair value hierarchy. The three Levels are defined based on the observability of significant inputs
to the measurement, as follows:

41 Risk management framework

The Company's Board of Directors has overall responsibility for the establishment and oversight of the Company's
risk management framework. The board of directors is responsible for developing and monitoring the Company's
risk management policies. The Company's risk management policies are established to identify and analyze the
risk faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits.
Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the
Company's activities. The Company's Board of Directors oversees how management monitors compliance with
the Company's risk management policies and procedures, and reviews the adequacy of the risk management
framework in relation to the risks faced by the Company.

The Company has exposure to the following risks arising from financial instruments:

• Credit risk;

• Liquidity risk;

• Market risk

• Interest rate risk

(a) Credit risk :

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer
contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily
trade receivables) and from its financing activities, including deposits with banks and other financial instruments.

Trade receivable

Customer credit risk is managed by the Company's established policy, procedures and control relating to customer
credit risk management. To manage trade receivable, the Company periodically assesses the financial reliability
of customers, taking into account the financial conditions, economic trends, analysis of historical bad debts and
aging of such receivables.

The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets
disclosed in Note 37(a). The Company does not hold collateral as security.

Financial instruments and cash deposits

Credit risk from balances with banks and financial institutions is managed by the management in accordance with
the Company's policy. Counterparty credit limits are reviewed by the management on an annual basis, and may
be updated throughout the year. The limits are set to minimise the concentration of risks and therefore mitigate
financial loss through counterparty's potential failure to make payments.

41 Risk management framework (Contd.)

(b) Liquidity risk :

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with
its financial liabilities that are settled by delivering cash or another financial asset. The Company's approach to
managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they
are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to
Company's reputation.

Management monitors rolling forecasts of the Company's liquidity position and cash and cash equivalents on the
basis of expected cash flows to ensure it has sufficient cash to meet operational needs. Such forecasting takes into
consideration the Company's debt financing plans, covenant compliance and compliance with internal statement
of financial position ratio targets.

(c) Market risk

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices
- will affect the Company's income or the value of its holdings of financial instruments. Market risk is attributable
to all market risk sensitive financial instruments including foreign currency receivables and payables and long term
debt. The Company is exposed to market risk primarily related to foreign exchange rate risk, interest rate risk and
the market value of certain commodities. Thus, its exposure to market risk is a function of investing and borrowing
activities and revenue generating and operating activities. The objective of market risk management is to avoid
excessive exposure in revenues and costs.

(d) Capital risk management

The Company's objectives when managing capital are to safeguard the Company's ability to continue as a going
concern in order to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal
capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company may
adjust the amount of dividend paid to shareholders, return capital to shareholders, issue new shares or sell assets
to reduce debt. As at 31st March, 2025 the brorrowing is nil .

(e) Interest Rate Risk

The Company has no interest bearing borrowings and therefore it is not subject to interest rate risk.

44 Other notes

44.1 The Company do not have any Benami property, where any proceeding has been initiated or pending against
the Company for holding any Benami property.

44.2 The Company does not have any borrowings from banks and financial institutions.

44.3 The Company is not declared as a wilful defaulter by any bank or financial institution or other lender during
the any reporting period.

44.4 The Company has not identified any transactions or balances in the reporting period with companies whose
name is struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

44.5 Details of delay in registration of charges or satisfaction with Registrar of Companies (ROC) Mumbai

There is no delay in registration of charges or satisfaction with Registrar of Companies (ROC) Mumbai during the
current year.

44.6 The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act
read with Companies (Restriction on number of Layers) Rules, 2017.

44.7 There are no scheme of arrangements which have been approved by the Competent Authority in terms of
sections 230 to 237 of the Companies Act, 2013 during the reporting period.

44.8 The Company have 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:

(a) directly or indirectly lend or invest in other persons or entites identfied in any manner whatsoever by or on
behalf of the Company (Ultmate Beneficiaries) or

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

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 entites identified in any manner whatsoever by or on
behalf of the Funding Party (Ultmate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ulimate Beneficiaries.

44.9 The Company does not have any transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the period 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).

44.10 The Company have not traded or invested in Crypto currency or Virtual Currency during reporting period.

44.11 The Company does not have any investment property during the reporting period, the disclosure related to
fair value of investment property is not applicable.

44.12 The Company is not covered under Section 8, thus related disclosure is not applicable.

45 Code of Social Security, 2020

The Code on Social Security, 2020 (‘Code') relating to employee benefits during employment and post-employment
benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India.
However, the date on which the Code will come in to effect has not been notified. The Company will assess the
impact of the Code when it comes into effect and will record any related impact in the when the Code becomes
effective.

For and on behalf of the Board of Directors
Concord Enviro Systems Limited

sd/- sd/- sd/- sd/-

Prayas Goel Prerak Goel Sudarshan Kamath Priyanka Aggarwal

Chairman & Managing Executive Director Chief financial officer Company secretary and

Director Compliance Officer

DIN: 00348519 DIN: 00348563 Membership No: A38180

Place: Mumbai Place: Mumbai Place: Mumbai Place: Mumbai

Date: 24/05/2025 Date: 24/05/2025 Date: 24/05/2025 Date: 24/05/2025