2.13 Provisions

A provision is recognized when the Company has a present obligation as a result of the past event, it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the
obligation. Provisions are not discounted to their present value if the effect of the time value of money is not material and 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.

Where the Company expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is
recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented
in the statement of profit and loss net of any reimbursement.

2.14 Contingent liabilities

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 the likelihood of outflow of
resources is remote, no provision or disclosure is made. The Company does not recognize a contingent liability but discloses its existence
in financial statements.

2.15 Cash and cash equivalents

Cash and cash equivalents comprise cash at the bank and in hand and short-term deposits with an original maturity of three months or
less (that are readily convertible to known amounts of cash and cash equivalents and subject to an insignificant risk of changes in value)
and funds in transit. However, for the purpose of the statement of cash flows, in addition to the above items, any bank overdrafts/cash
credits that are integral parts of the Company's cash management, are also included as a component of cash and cash equivalents.

2.16 Segment reporting policies

As there is no particular operational activity segment wise performance is not applicable.

2.17 Critical accounting judgements, estimates and assumptions

The estimates used in the preparation of the said financial statements are continuously evaluated by the Company and are based on
historical experience and various other assumptions and factors (including expectations of future events), that the Company believes to
be reasonable under the existing circumstances. The said estimates are based on the facts and events, that existed as at the reporting
date, or that occurred after that date but provide additional evidence about conditions existing as at the reporting date. Although the
Company regularly assesses these estimates, actual results could differ materially from these estimates - even if the assumptions
underlying such estimates were reasonable when made, if these results differ from historical experience or other assumptions do not
turn out to be substantially accurate. The changes in estimates are recognized in the financial statements in the year in which they
become known.The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that
have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are
described below. Actual results could differ from these estimates.

a. Allowance for uncollectible trade receivables and advances

Trade receivables do not carry any interest and are stated at their nominal value as reduced by appropriate allowances for estimated
irrecoverable amounts. Estimated irrecoverable amounts are based on the ageing of the receivable balances and historical experience.
Additionally, a large number of minor receivables is grouped into homogeneous groups and assessed for impairment collectively.
Individual trade receivables are written off when management deems them not to be collectible.ss

b. Defined benefit plans

The costs of post-retirement benefit obligation under the Gratuity plan are determined using actuarial valuations. An actuarial valuation
involves making various assumptions that may differ from actual developments in the future. These include the determination of the
discount rate, future salary increase, mortality rates and future pension increases. Due to the complexities involved in the valuation and
its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at
each reporting date.

c. Fair value of financial instruments

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on quoted prices
in active markets, their fair value is measured using valuation techniques including the present valuation technique. The inputs to these
models are taken from observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing
fair values. Judgements include considerations of inputs such as liquidity risk, credit risk and volatility. Changes in assumptions about
these factors could affect the reported fair value of financial instruments. For details, refer to note 32 and 33.

d. Contingencies

Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation
is disclosed as a contingent liability, unless the probability of outflow of economic benefits is remote. Contingent liabilities are disclosed
on the basis of judgment of the management/independent experts. These are reviewed at each balance sheet date and are adjusted to
reflect the current management estimate.

e. Leases - Estimating the incremental borrowing rate

The Company cannot readily determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate (IBR) to
measure lease liabilities. The IBR is the rate of interest that the Company would have to pay to borrow over a similar term, and with a
similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment.

g. Determining the lease term of contracts with renewal and termination options - Company as lessee

The Company determines the lease term as the non-cancellable term of the lease, together with any years covered by an option to extend
the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease, if it is reasonably certain
not to be exercised.The Company has lease contracts that include extension and termination options. The Company applies judgement
in evaluating whether it is reasonably certain whether or not to exercise the option to renew or terminate the lease. That is, it considers
all relevant factors that create an economic incentive for it to exercise either the renewal or termination. After the commencement date,
the Company reassesses the lease term if there is a significant event or change in circumstances that is within its control and affects
its ability to exercise or not to exercise the option to renew or to terminate (e.g., construction of significant leasehold improvements or
significant customization to the leased asset). Extension options (or periods after termination options) are only included in the lease
term if the lease is reasonably certain to be extended (or not terminated). Termination options in given in lease of office space to the
lease, which have been included in the lease liability as Company is not intended to terminate the lease. Reason for not to exercise the
termination option is because Company requires the office premise for future period, location of office premise is prominent and lease
rentals are reasonable. There is no future cash outflow in respect to extension and termination option which is not included in the lease
liability.

Summery of Significant Accounting Policies 2

The accompanying Notes to the Standalone Financial Statements

As per our report of even date

For Mathia & Co For and on behalf of the Board of Directors of MOS Utility Limited

Chartered Accountants
FRN: 126504W

Bhavin Sheth Ravi Ruparelia Santosh Mijgar Chirag Shah

Partner Managing Director Director Director

M. No. : 120503 Din : 09091603 Din : 02126203 Din : 01787586

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

Date : 29th May 2025 Date : 29th May 2025 Date : 29th May 2025 Date : 29th May 2025

UDIN : 25120503BMJRIJ6959

Pradeepkumar Vishwakarma Mansi Bhatt

Chief Financial Officer Company Secretary

Place : Mumbai M. No. : A70589

Date : 29th May 2025 Place : Mumbai

Date : 29th May 2025