(k) Provisions and Contingencies

A provision is recognised when there is a present obligation as a result of past events 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. Provisions are not
discounted to its present value and are determined based on management best estimates of the expenditure required to settle the
obligation as at the balance sheet date. Provisions are reviewed at each balance sheet date and adjusted to reflect the current best
estimate of each such obligation.

A contingent liability is disclosed when there is a possible or present obligation that may, but probably will not require an outflow
of resources, unless the possibility of such outflow is remote.

The Company has only one class of Equity shares having a par value of Rs.10 /- per share.Each holder of equity shares is
entitled to one vote per share held. In the event of liquidation, the equityshare holders are eligible to receive the remaining
assets of the company after distribution of all preferential amounts, if any.

26 Related Party Disclosures

As required by Accounting Standard - AS 18 "Related Party Disclosure" issued by the Institute of Chartered Accountants of India,
following are the details of transactions during the year with related parties as defined in AS 18.

List of related parties :

Aireff Detox Inc
Shraddhesh Kamal

a) Directors / Key Management Personnel :

Varsha Kamal
Subhash Kamal

28 In the opinion of the Board, adequate provision has been made for all known liabilities and the current assets, loans and advances have
a value on realisation in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

29 Total Outstanding Bank Guarantees of the Company as on 31/03/2025 issued through Bank amounts to INR 5782.58 Lakhs

30 Balances of Current Assets, Current Liabilities and Loans and Advances are subject to confirmation / reconciliation, if any.

32 As per the provisions of "The Micro, Small and Medium Enterprises Development Act, 2006" there were no amounts payable including
interest to micro, small and medium Enterprises as on 31st March, 2025.

As per Our Report of Even Date For and on behalf of the Board of Directors of

For Jignesh Savla & Associates Effwa Infra & Research Limited

Chartered Accountants CIN : L90001MH2014PLC251793

Firm Registration No: 127654W

Jignesh Savla

(Proprietor) Mr. Subhash Kamal Dr. Varsha Kamal

Membership No.: 124607 Director Director

Din :00255160 Din : 00270314

Place: Mumbai

Date: 08.05.2025 Place: Mumbai Place: Mumbai

UDIN - 25124607BMJQIM8393 Date: 08.05.2025 Date: 08.05.2025

Lina Prakash Lad Dhaval Mirani

CFO C.S

Effwa Infra & Research Ltd. 78 Place: Mumbai Place: Mumbai Annual Report 2024-25

Date: 08.05.2025 Date: 08.05.2025