1.17.PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Provisions involving substantial degree of estimation in measurement are recognized when there is
a present obligation as a result of past events, it is probable that there will be 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 measured at the best estimate
of the expenditure required to settle the present obligation at the Balance Sheet date. If the
effect of the time value of money is material, provisions are discounted to reflect its present value

using a current pre-tax rate that reflects the current market assessments of the time value of
money and the risks specific to the obligation.

Contingent liabilities are disclosed when there is a possible obligation arising from past event, the
existence of which will be confirmed only by occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the company or a present obligation that
arise from past event where it is either not probable that an outflow of resources will be required
to settle the obligation or a reliable estimate of the amount cannot be made.

1.18. EARNINGS PER SHARE:

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable
to equity shareholders by the weighted average number of equity shares outstanding during the
period.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period
attributable to equity shareholders and the weighted average number of shares outstanding during
the period are adjusted for the effects of all potential dilutive equity shares.

In the case of partly paid shares, the total amount paid divided by the face value of share is treated
as fully paidup shares and is included in total number of shares.

1.19. CASH AND CASH EQUIVALENTS:

Cash and Cash Equivalents:

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short term
deposits with an original maturity of three months or less, which are subject to an insignificant risk
of changes in value.

For the statement of cash flows, cash and cash equivalents consist of cash and short term deposits,
as defined above, net of outstanding bank overdrafts as they are considered an integral part of the
Company’s cash management.

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the
effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating
cash receipts or payment and item of income or expenses associated with investing or financing
cash flows. The cash flows from operating, investing and financing activities of the company are
segregated.

1.20. GOING CONCERN BASIS OF ACCOUNTS:

The slow-moving inventories and negative net-worth of company may cast a doubtful on-going
concern basis of accounts. However, management and promoters of the company are fully committed
to the company.

The Company’s activities expose it to market risk, liquidity risk, and credit risk.TheCompany’s board
of directors has overall responsibility for the establishment and oversight ofthe Company’s risk management
framework. The board of directors along with the top management is responsible for developing and
monitoring the Company’s risk management policies.

The Company’s risk management policies are established to identify and analyse the risks 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, through its training and management standards and procedures,
aims to maintain a disciplined and constructive control environment in which all employees understand
their roles and obligations.

The Company’s audit committee 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.

In order to minimize any adverse effects on the financial performance of the company, derivative
financial instruments, such as foreign exchange forward contracts, foreign currency option contracts
are entered to hedge certain foreign currency risk exposures and interest rate swaps to hedge variable
interest rate exposures. Derivatives are used exclusively for hedging purposes and not as trading or
speculative instruments.

This note explains the sources of risk which the entity is exposed to and how the entity manages
the risk and the impact of hedge accounting in the financial statements

Credit Risk Management

Credit risk is managed on a company basis. For banks and financial institutions, only high rated
banks/institutions are accepted.

For other financial assets, the company assesses and manages credit risk based on internal credit
rating system. The finance function consists of a separate team who assess and maintain an internal
credit rating system. Internal credit rating is performed on a company basis for each class of
financial instruments with different characteristics.

Liquidity Risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and
the availability of funding through an adequate amount of committed credit facilities to meet
obligations when due and to close out market positions. Due to the dynamic nature of the underlying
businesses, company treasury maintains flexibility in funding by maintaining availability under committed
credit lines.

Management monitors rolling forecasts of the company’s liquidity position and cash and cash
equivalents on the basis of expected cash flows. This is generally carried out at local level in the
operating companies of the company in accordance with practice and limits set by the company.
These limits vary by location to take into account the liquidity of the market in which the entity
operates. In addition, the company’s liquidity management policy involves projecting cash flows in
major currencies and considering the level of liquid assets necessary to meet these, monitoring
balance sheet liquidity ratios against internal and external regulatory requirements and maintaining
debt financing plans.

Market risk is the risk of loss of future earnings or fair values or future cash flows that may
result from a change in the price of a financial instrument. The value of a financial instrument
may change as a result of changes in the interest rates, foreign exchange rates and other
market changes that affect market risk sensitive instruments. Market risk is attributable to all
market risk sensitive financial instruments including foreign currency receivables and payables.
The Company is not exposed to market risk primarily related to foreign exchange rate risk
(currency risk). It however is exposed to interest rate risk. Thus the Company’s exposure to
market risk is just a function of borrowing activities as it does not have any transactions in
foreign currency which leads to currency risk.

NOTE-24. Capital Management:

The Company’s objectives when managing capital are to

A. safeguard their ability to continue as a going concern, so that they can continue to
provide returns to shareholders and benefits to other stakeholders, and

B. Maintain an optimal capital structure to reduce the cost of capital.

NOTE-25. Segment information:

In line with Ind AS 108 operating segments and basis of the review of operations being done by the
senior management , the operations of the group falls under real estate business which is considered
to be the only reportable segment by the management.

1. Information about Products and Services:

NOTE-29 Impairment Of Assets:-

The auditor has carefully evaluated impairment of inventory of company in the form of stock of land.
The company is not able to sale its inventory for a number of years, the market value of land in the
nearby areas have increased substantially. Hence, the auditors are of the opinion that no impairment
loss is required to be booked for inventory.

There are no proceedings initiated or pending against the Company for holding any Benami Property
Transactions (Prohibitions) Act, 1988.

NOTE-34

The Company has not entered into any High Value Transactions with struct off Companies under section
248 or 560 of the Companies Act.

NOTE-35

There are no transactions which are not recorded in the books of accounts but disclosed as income
during the income tax assessment or survey which have now been recovered in the books of accounts
during the year.

NOTE-36

The Company is not covered under section 135 of the Company’s Act and hence no disclosure has been
made regarding CSR activities.

NOTE-37

During the year Company has not traded or invested in Crypto Currency.

NOTE-38

No funds have been advanced or loaned or invested or provided any guarantee or security or any such
similar things by the company to any other person(s) or entity(ies) either directly or indirectly.

At the end of the year the company had received funds from the director of Rs. 356.89 lakh but which
were used for its own purposes and not directly or indirectly lent, invested or used for providing
guarantees, security or such similar thing to any ultimate beneficiaries.

NOTE-40 Standard issued but not yet effective:

Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards
under Companies (Indian Accounting Standards) Rules as issued from time to time. For the year ended
March 31, 2024, MCA has not notified any new standards or amendments to the existing standards
applicable to the Company.

As per our report of even date attached for and on behalf of the Board of Directors of
for J M PARIKH & ASSOCIATES SUVIDHA INFRAESTATE CORPORATION LIMITED

Chartered Accountants ^CIN : ^{L70102GJ1992PLC016978}

ICAI FRN_: 118007W Kishore K Goswami Ashokkumar Goswami

i_{ATIN PARIKH} Managing Director & Chairman Whole Time Director

^JAnn-^N ,^pA DIN: 00289644 DIN: 00289515

PARTNER

MEMBERSHIP NO.: 033811 ^AnuP ^{K Goswami Kruna}> ^{T Thakkar}

UDIN_:- 24033811BKCTDE7850 Whole Time Director & CFO Company Secretary

^{Place: Ahmedabad} Place: Ahmedabad

^Date: 10/05/2024 Date: 10/05/2024