h. Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a
past event, it is probable that an outflow of economic benefits will be required to settle the obligation and are
liable estimate can be made of the amount of the obligation.

i. Dividends

Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at
the discretion of the entity, on or before the end of the reporting period but not distributed at the end of the
reporting period.

j. Earnings per share

The basic earnings per share is computed by dividing the net profit for the period attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period. The number of
shares used in computing diluted earnings per share comprises the weighted average shares considered for
deriving basic earnings per share and also the weighted average number of equity shares which would have
been issued on the conversion of all dilutive potential equity shares. Dilutive potential equity shares are
deemed converted as of the beginning of the period unless they have been issued at a later date.

k. Rounding of amounts

The Financial Statements have been presented in Indian Rupees (INR), which is the Company's functional
currency. All financial information presented in INR has been rounded off to nearest lakhs as per the
requirement of Schedule III, unless otherwise stated.

l. Policy for employee's benefits

Short Term Employee Benefits The undiscounted amount of short term employee benefits expected to be paid
in exchange for the services rendered by employees are recognized as an expense during the period when the
employees render the services.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the Company's financial statements requires management to make judgment, estimates
and assumptions that affect the reported amount of revenue, expenses, assets and liabilities and the
accompanying disclosures.

Accounting estimates could change from period to period. Actual results could differ from those estimates.
Appropriate changes in estimates are made as and when management becomes aware of changes and
circumstances surrounding the estimates. Changes in the estimates are reflected in the financial statements in
the period in which changes are made and, if material, their effects are disclosed in the notes to financial
statements.

Application of accounting policies that require critical accounting estimates involving complex and subjective
judgments and the use of assumptions in these financial statements have been disclosed below:

> Recognition of deferred tax asset: availability of future taxable profit

> Recognition and measurements of provision and contingencies: key assumption of the livelihood and
magnitude of an outflow of resources.

> Impairments of Non-Financial Assets

> Impairments of Financial Assets

For and on behalf of the Board For Namita & Co.

KUBER UDYOG LIMITED Chartered Accountants

Firm Number: 151040W

Sd/- Sd/- Sd/- Proprietor: Namita Agrawal

(Chetan Shinde) (Sejal Soni) (Rishi Kakkad) Membership No. 188559

Managing Director Director & CFO Company Secretary & Place: Mumbai

DIN :06996605 DIN : 07751759 Compliance Officer Date: 10.^th. May, 2024

UDIN: 24188559BKGRVS7202

Place: Mumbai
Date: 10th May, 2024

Nature and purpose of reserve

(a) Security premium

This Reserve represents the premium on issue of equity shares and can be utilized in accordance with the
provisions of the Companies Act, 2013.

(b) Statutory Reserve

Pursuant to the requirements of section 45 - IC of the Reserve Bank of India Act, 1934 (" the RBI Act") the
company is required to transfer not less than 20% of the profit after Tax before any dividend is declared to
the statutory reserve. Accordingly, the company has transferred Rs. 1.96 Lakhs to the statutory reserve for
the year ended March 31, 2024 (March 31, 2023 Rs. 1.13 Lacs). The utilization of this reserve fund is
governed by the provisions of the Reserve Bank of India Act.

(c) Retained Earnings

This Reserve represents the cumulative profits of the Company. This Reserve can be utilized in accordance
with the provisions of the Companies Act, 2013.

Fair value measurements and valuation processes:

For financial reporting purposes, fair value measurements are categorised into Level 1, 2 or 3 based on the
degree to which the inputs to the fair value measurements are observable and the significance of the inputs to
the fair value measurement in its entirety, which are described as follows:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the
Company can access at the measurement date;

Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset
or liability, either directly or indirectly; and

Level 3 inputs are unobservable inputs for the asset or liability.

NOTE No. 23_

The financial statements for the year ended 31st March 2024 have been reviewed by the Audit Committee
and approved by the Board of Directors at their meetings held on 10th May 2024.

NOTE No. 24

Contingent liabilities and commitments (to the extent not provided for)

There are no contingent Liabilities and commitments as on 31.03.2024 and 31.03.2023

Note No. 25

Borrowings from banks and financial institutions

Company has not taken any loan from bank and financial institutions during the financial year 202 3-24;
hence no reporting is required as per revised schedule III of Companies Act 2013.

Note No. 26

Loans or advances granted to promoters, directors, KMPs and related parties

The Company has not given any loans or advances in the nature of loans to its promoters, directors, KMPs
and related parties, hence no reporting is required as per revised schedule III of Companies Act 2013.

NOTE No. 27
Immovable Property

There is no immovable Property held in the names of Company.

NOTE No. 28

Capital-Work-in Progress (CWIP)

There is no capital work in progress in the company as on balance sheet date.

NOTE No. 29

Fair Valuation of Investment property

No investment property is held in the name of the Company.

NOTE No. 30

Revaluation of Property, Plant & Equipment & Right-of- Use Assets

During the year there is no revaluation of Property, Plant & Equipment and company does not have any
ROU assets.

NOTE No. 31

Revaluation of Intangible Assets

There is no intangible assets as at the balance sheet date.

NOTE No. 32

Intangible assets under development

There are no Intangible assets under development in the company as on balance sheet date.

NOTE No. 33

Detail of Benami Property held

There are no proceedings have been initiated or pending against the company for holding any benami
property under the Prohibition of Benami Property Transactions Act, 1988 and the Rules made
thereunder._

NOTE No. 34
Willful Defaulter

The Company is not declared willful defaulter by any bank or financial institution or other lender at any
time during the financial year or after the end of reporting period but before the date when financial
statements are approved or in an earlier period._

NOTE No. 35

Relationship with Struck off companies

Company did not have any transactions with companies struck off under Section 248 of Companies Act,

2013 or Section 560 of Companies Act, 1956.

NOTE No. 36_

Registration of charges or satisfaction with Registrar of Companies

There is no charges or satisfaction yet to be registered with Registrar of Companies by the company during
the financial year.

NOTE No. 37

Compliance with number of layers of companies

The company is not required to complied with the number of layers prescribed under clause (87) of
section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017.

NOTE No. 38

Compliance with approved Scheme(s) of Arrangements

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to
237 of the Companies Act, 2013, during the financial year._

NOTE No. 39

Utilization of Borrowed fund and share premium

Neither the company has advanced or loaned or invested funds to Intermediaries nor received any fund
from any Funding Party during the financial year with the understanding that the Intermediary or
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 company (Ultimate Beneficiaries)

b. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries._

NOTE No. 40
Undisclosed Income

The company has no 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), unless there is immunity
for disclosure under any scheme._

NOTE No. 41

Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.
NOTE No. 42

Income and Expenditure in Foreign Currency

The company has no Income and Expenditure in Foreign Currency during the financial year.

B) Financial risk management
Financial risk management

The Company's Financial Risk Management is an integral part of how to plan and execute its business
strategies. The Company's financial risk management is set by the Managing Board of Directors.

Market price risk

The Company is exposed to market price risk, which arises from securities held as inventories classified at
FVTPL. The management monitors the proportion of these securities in its trading portfolio based on
market indices. Material securities within the portfolio are managed on an individual basis and all buy and
sell decisions are approved by the appropriate authority.

Equity Price Sensitivity analysis:

The fair value of equity instruments other than investment in group companies as at March 31, 2024 and
March 31, 2023 Rs. 19.93 Lakhs, Rs. 9.39 Lakhs respectively. A 50% change in price of these quoted equity
instruments held as at March 31, 2024 and March 31, 2023 would result in:_

Credit Risk

Credit risk is the risk that a counter party will not meet its obligations under a financial instrument or
customer contract, leading to a financial loss.

Liquidity Risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash and
collateral obligations without incurring unacceptable losses.

Risk Management framework

The Company's overall risk management program focuses on the unpredictability of financial markets and
seeks to minimize potential adverse effects on the Company's financial performance.

Risk management is carried out by the risk management committee under policies approved by the board
of directors. The risk management committee identifies, evaluates and hedges financial risks in close co¬
operation with the Company's operating units. The board provides principles for overall risk management,
as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, and credit risk,
use of derivative financial instruments and non-derivative financial instruments, and investment of excess
liquidity.

For Namita & Co. For and on behalf of the Board

Chartered Accountants For Kuber Udyog Limited

Firm number: 151040W

Proprietor: Namita Agrawal (Chetan Shinde) (Sejal B. Soni) (Leena Kumawat)

Membership No.188559 Managing Director Director & CFO Company Secretary &

Place: Mumbai DIN : 06996605 DIN : 07751759 Compliance Officer

Date: 10.05.2024 Place: Mumbai Place: Mumbai Place: Mumbai

UDIN: 24188559BKGRVS7202 Date : 10.05.2024 Date : 10.05.2024 Date : 10.05.2024