38 Financial instrument- Financial risk

__management objectives and policies_____

The Company’s principal financial liabilities comprise borrowings, trade and other payables. The main
purpose of these financial liabilities is to manage finances for the Company’s operations. The Company’s
principal financial assets comprise trade and other receivables and cash and cash equivalent that arise
directly from its operations.

The Company’s activities expose it mainly to market risk, liquidity risk and credit risk. The monitoring
and management of such risks is undertaken by the senior management of the Company and there are
appropriate policies and procedures in place through which such financial risks are identified, measured
and managed in accordance with the Company’s policies and risk objectives. It is the Company policy not
to carry out any trading in derivative for speculative purposes.

The Company Board of Directors is ultimately responsible for the overall risk management approach and
for approving the risk strategies and principles. No significant changes were made in the risk management
objectives and policies during the year ended March 31, 2025 and March 31, 2024. The management of
the company reviews and agrees policies for managing each of these risks which are summarised below:

The Company lias exposure to the following risks arising

__from financial instruments: _____

A) Market

__risk_______

B) Liquidity

__risk_______

C) Credit risk

A) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate
because of changes in market prices. Market prices comprises three types of risk: currency rate risk,
interest rate risk and other price risks, such as equity price risk and commodity price risk. Financial
instruments affected by market risks include loan and borrowings, deposit, investments, and foreign
__currency receivables and payables._____

(i) Commodity

__price risk ______

Commodity price risk is the risk that future cash flows of the Company will fluctuate on account of
changes in market price of key items used in trading of goods/ rendering of services. The Company does
__not have any other price risk than the interest rate risk and foreign currency risk as disclosed above._

(ii) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market interest rates. Borrowings availed by the Company are subject to interest on
fixed rates as these are taken only for the purpose to finance the business and inducting new fleet and such
borrowings are repayable on demand.

The Company is not exposed to interest rate risk as it does not have any financial instruments bearing
variable interest rate as at the reporting date.

(iii) The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that
portion of loans and borrowings. With all other variables held constant, the company profit before tax is
affected through the impact on floating rate borrowings, as follows:

C) Credit risk

Credit risk arises when a counterparty defaults on its contractual obligations to pay resulting in financial
loss to the Company. The Company is exposed to credit risk from its operating activities, primarily trade
receivables. The credit risks in respect of deposits with the banks, foreign exchange transactions and other
financial instruments are only nominal.

The customer credit risk is managed subject to the Company’s established policy, procedure and controls
relating to customer credit risk management. In order to contain the business risk, prior to acceptance of an
order from a customer, the creditworthiness of the customer is ensured through scrutiny of its financials, if
required, market reports and reference checks. The Company remains vigilant and regularly assesses the
financial position of customers during execution of contracts with a view to limit risks of delays and
default. Further, in most of the cases, the Company normally allow credit period of 30-45 days to all
customers which vary from customer to customer. In view of the industry practice and being in a position
to prescribe the desired commercial tenns, credit risks from receivables are well contained on an overall

__basis._

The impairment analysis is performed on each reporting period on individual basis for major customers.
Some trade receivables are grouped and assessed for impairment collectively. The calculation is based on
historical data of losses, current conditions and forecasts and future economic conditions. The Company’s
maximum exposure to credit risk at the reporting date is the carrying amount of each financial asset as

_ detailed in notes 7, 8, 10, 11, 12, and 13.

Provision for expected

__credit losses______

The Company applies the simplified approach to recognize lifetime expected credit loss (ECL) on trade
receivables in the service sector. ECL is assessed on all outstanding trade receivables except in cases
involving advance payments. Government receivables with customary delays not exceeding one year and
proven recoverability, related party balances subject to separate assessment, and disputed amounts with
specific provisioning. Short payments due to enforceable offsets or contractual deductions are excluded if
legally substantiated. Given the nature of the Company’s professional service offerings, traditional ageing
analysis is not solely relied upon. Instead, a portfolio-based model using historical default data, customer
segmentation, and forward-looking factors is used to estimate ECL on a rational and supportable basis.

47 Initial Public Offering

("IPO")______

During the year ended March 31, 2024, the Company filed Draft Red Herring Prospectus (DRHP) with the
Securities and Exchange Board of India ("SEBI"), and an application for in-principal approval from SEBI
(Securities and Exchange Board of India), BSE Limited ("BSE") and National Stock Exchange of India
Limited ("NSE") in connection with the proposed Initial Public Offering ("IPO") of its equity shares.

During the current period, the Company obtained the approval and filed Red Herring Prospectus (RHP) &
Prospectus with the Securities and Exchange Board of India ("SEBI") & completed Initial Public Offer
("IPO") of equity shares having face value of Rs. 2/- each at an issue price of Rs. 334/- per equity share,
comprising offer for sale of 18,000,000 shares aggregating to Rs. 6,012.01 million. The Company was
subsequently listed on September 04, 2024 in the NSE and BSE.

i) The Company does not have any Benami property, where any proceeding has been initiated or pending

__against the Company for holding any Benami property._

ii) The Company does not have pending charges which are yet to be registered with ROC beyond the

__statutory period._

iii) The Company lias not traded or invested in Crypto currency or Virtual Currency during the year.

iv) The Company is not a declared wilful defaulter by any bank or financial Institution or other lender, in
accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India, during the year

__ended March 31, 2025, and year ended March 31, 2024,_

v) The Company lias 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 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._

vi) The Company lias 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._

vii) 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,_

viii) The Company does not have any transactions with struck off companies.

ix) The Company does not have any borrowings from banks or financial institutions on the basis of security of

__current assets._

x) The Company lias not revalued any of its property, plant and equipments or intangible assets during the

__year,_

xi) The Company lias not granted any loans or advances in the nature of loans to promoters, directors, KMPs
and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other

__person, that are repayable on demand or without specifying any tenns or period of repayment._

xii) As per the MCA notification dated August 5, 2022, the Central Government has notified the Companies
(Accounts) Fourth Amendment Rules, 2022. As per the amended rules, the Companies are required to
maintain the back-up of the books of account and other relevant books and papers in electronic mode that
should be accessible in India at all the time. Also, the Companies are required to create back-up of
accounts on servers physically located in India on a daily basis. The books of account along with other
relevant records and papers of the Company are maintained in electronic mode. These are readily
accessible in India at all times and a back-up is maintained in servers situated in India and The Company

__and its officers have full access to the data in the servers._

xiii) The Company lias used an accounting software i.e. Tally Prime for maintaining its books of accounts for
the financial year ended March 31, 2025 which have a feature of recording audit trail (edit log) facility
except audit trail functionality at the database level due to inherent limitations of the software and the same
has operated throughout the year for all relevant transactions recorded in the accounting software systems.
Further, during the course of our audit we did not come across any instance of audit trail feature being
tampered with and the audit trail has been preserved by the Company as per the statutory requirements for
record retention.

49 Events after balance sheet

__date______

No events have occurred between the reporting date and the date of approval of the standalone financial
statements (i.e., up to May 19, 2025) that would require adjustment to, or disclosure in, the financial
__statements in accordance with the requirements of Ind AS 10 - Events after the Reporting Period._

As per our report of even

_ date attached______

For S S Kothari Mehta & For and on behalf of the

__Co. LLP____Board of Directors___

Chartered Ecos (India) Mobility &

__Accountants___Hospitality Limited___

Finn Reg. No. (Formerly known as Ecos (India) Mobility &

_ 000756N/N500441 _ Hospitality Private Limited)

Sd/- Sd/- Sd/-

Sunil Wahal Rajesh Loomba Aditya Loomba

Partner Chainnan and Managing Joint Managing Director

_____Director__

Membership DIN. 00082353 DIN. 00082331

No. 087294_____

Place: New Place: New Delhi Place: New Delhi

__Delhi_____

Date: 19-05- Date: 19-05-2025 Date: 19-05-2025

2025_______

Hem Kumar Upadhyay Shweta Bhardwaj

Chief Financial Officer Company Secretary

Membership no. 43310
Place: New Delhi Place: New Delhi

Date: 19-05-2025 Date: 19-05-2025