B.14. Provisions, Contingent Liabilities and Contingent Assets :

The Company recognized a provision when there is a present obligation as a result of past
event, and a reliable estimate can be made of the amount of the obligation. Provisions are
determined based on the best estimate required to settle the obligation at the reporting date.
These estimates are reviewed at each reporting date and adjusted to reflect the current best
estimates. The liabilities or obligations, which cannot be crystallized but loom in horizon, are
disclosed as contingent liabilities. There is no Contingent Liabilities against the Company
during the financial year.

Contingent assets are not recognized in financial statements since this may result in the
recognition of income that may never be realized. However, when the realization of income is
virtually certain, then the related asset is not a contingent asset and is recognized. A
contingent asset is disclosed, in financial statements, where an inflow of economic benefits is
probable. There is no Contingent Assets of the Company during the financial year.

A.1. The indicators listed in paragraph 8 to 10 of Accounting Standard (AS-28) "Impairment
of Assets" issued by the Institute of Chartered Accountants of India have been examined and
on such examination, it has been found that none of these indicators are present in case of
the Company after taking into consideration derecognized assets.

A.2. In the opinion of the Board, Current Assets and Loans & Advances would have a value
on realization in the ordinary course of business at least equal to the amount at which they
were stated in the Financial Statements.

A.3. Information as required under Notification No. GSR 719(E) dt. 16.11.2007 issued by the
Department of Company Affairs in respect of total amount payable and amount of interest
thereon paid during the year and payable at the end of the year to the sundry creditors has
not been disclosed as the relevant information has not been made available by the respective
enterprises as regards to their status/classification into Micro, Small and Medium Enterprises.

A.6. Corporate Social Responsibility:

The Company is not covered under section 135 of Companies Act, 2013 for Corporate Social
Responsibility, hence, not applicable to the Company.

A.7. Events after the Reporting Period :

No adjusting or significant non-adjusting events have occurred between the reporting date
(31^st March, 2024) and date of approval of these financial statements (27^th May, 2024).

A.10. The Board of Directors, in its meeting on 27^th May, 2024, has recommended a final
dividend of Rs. 0.15 per Equity Share for the financial year ended 31^st March, 2024. The
recommendation is subject to the approval of shareholders at the ensuing Annual General
Meeting and if approved would result in a cash outflow of approximately Rs. 7.76 Lakhs.

A.11. As per MCA Notification dated 16th February, 2015, the companies whose shares are
listed on SME platform as referred to in chapter XB of SEBI (Issue of Capital and Disclosures
Requirements) Regulations, 2009 are exempted from the compulsory requirement of adoption
of IND-AS. As the company is covered under the exempted category, it has not adopted IND-
AS for preparation of financial statements.

A.12. Figures of previous year have be re-grouped or re-arranged to make them comparable
with figures of current reporting year.

B.1. The title deeds of all the immovable properties, (other than immovable properties where
the Company is the lessee and the lease agreements are duly executed in favour of the
Company) disclosed in the financial statements included in property, plant and equipment and
capital work-in progress are held in the name of the Company as at the balance sheet date.

B.2. The Company has not revalued any of its Property, Plant and Equipment (including Right-
of-Use Assets) during the year.

B.3. The Company has granted loan and advances to the related parties covered under section
185 of the Companies Act, 2013 and the Company has complied with the provisions of section
185 for the same.

B.4. The Company does not have any benami property, where any proceeding has been
initiated or pending against the Company for holding any benami property.

B.5. As and when required returns or statements of current assets filed by the Company with
banks or financial institutions are in agreement with the books of accounts.

B.6. The Company is not declared wilful defaulter by any bank or financials institution or
lender during the year.

B.7. The Company does not have any transactions with companies which are struck off.

B.8. The Company does not have any charges or satisfaction which is yet to be registered
with ROC beyond the statutory period.

B.9. The Company has no layers prescribed under clause (87) of section 2 of the Act read
with the Companies (Restriction on number of Layers) Rules, 2017.

B.11. The Company has not advanced or loaned or invested funds, either from borrowed
funds or share premium or any other sources or kind of 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

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.

B.12. The Company does not have any 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.

B.13. The Company has not traded or invested in Crypto currency or Virtual Currency during
the financial year.

Notes 1 to 24 form integral part of these financial statements

For Kedia Gupta & Associates For and on behalf of the Board of Directors of
Chartered Accountants DAPS Advertising Limited

ICAI FRN: 006465C

Ajay Kumar Kedia Akhilesh Chaturvedi Dharmesh Chaturvedi

Partner (Chairman & Executive Director) (Managing Director)

ICAI M. No. 074354 DIN : 00989785 DIN : 00989831

UDIN: 24074354BKDBT05290

Paresh Chaturvedi Pooja Kapoor

Date : 27th May, 2024 (Executive Director & CFO) (Company Secretary)

Place: Kanpur DIN : 00989858 M.No. ACS-68969