(K) Provisions and Contingencies
Provisions:

Provisions are recognised when there is a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow of resources embodying economic
benefits will be required to settle the obligation and there is a reliable estimate 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 and are discounted to its
present value as appropriate.

Contingent Liabilities:

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

(L) Revenue recognition

Revenue is measured at fair value of the consideration received or receivable. Revenue is
recognized when (or as) the Company satisfies a performance obligation by transferring a
promised good or service (i.e. an asset) to a customer. An asset is transferred when (or as) the
customer obtains control of that asset.

When (or as) a performance obligation is satisfied, the Company recognizes as revenue the
amount of the transaction price (excluding estimates of variable consideration) that is
allocated to that performance obligation.

The Company applies the five-step approach for recognition of revenue:

i. Identification of contract(s) with customers;

ii. Identification of the separate performance obligations in the contract;

iii. Determination of transaction price;

iii. Allocation of transaction price to the separate performance obligations; and

iv. Recognition of revenue when (or as) each performance obligation is satisfied.

(M) Other income:

Interest: Interest income is calculated on effective interest rate, but recognised on a time
proportion basis taking into account the amount outstanding and the rate applicable.

Dividend: Dividend income is recognised when the right to receive dividend is established.

(N) Finance Cost

Borrowing costs that are directly attributable to the acquisition or construction of qualifying
assets are capitalised as part of the cost of such assets. A qualifying asset is one that
necessarily takes substantial period of time to get ready for its intended use. based on
borrowings incurred specifically for financing the asset or the weighted average rate of all
other borrowings, if no specific borrowings have been incurred for the asset.

Interest income earned on the temporary investment of specific borrowings pending their
expenditure on qualifying assets is deducted from the borrowing costs eligible for
capitalisation.

Borrowing costs include exchange differences arising from foreign currency borrowings to the
extent they are regarded as an adjustment to the interest cost.

All other borrowing costs are charged to the Statement of Profit and Loss for the period for
which they are incurred.

(O) Earnings per share (EPS):

Basic EPS 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 EPS, the net profit or loss for the period attributable to
equity shareholders and the weighted average number of additional equity shares that would
have been outstanding are considered assuming the conversion of all dilutive potential equity
shares. Earnings considered in ascertaining the EPS is the net profit for the period and any
attributable tax thereto for the period.

(P) Employee benefits

i. Provident Fund

Retirement benefit in the form of Provident Fund is a defined contribution
scheme. The Company has no obligation, other than the contribution payable to
the provident fund. The Company recognises contribution payable to the
provident fund scheme as an expense when an employee renders the related
service.

ii. Gratuity

The Management has decided to gratuity will be accounted in profit & loss A/c in
each financial year when the claim is recognized by the company which is against
the prescribed treatment of AS -15. The Quantum of provision required to be
made for the said retirements benefits can be decided on actuarial basis and the
said information could not be gathered. To the extent of such amount, the reserve
would be lesser.

(Q) Fair Value Measurement:

The Company measures financial instruments such as investments in quoted share, certain
other investments etc. at fair value at each Balance Sheet date.

Fair value is the price that would be received to sell an asset or paid to transfer a liability at the
measurement date. All assets and liabilities for which fair value is measured or disclosed in the
financial statements are categorised within the fair value hierarchy, described as follows, based
on the lowest level input that is significant to the fair value measurement as a whole.

Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or
liabilities.

Level 2 - Valuation techniques for which the lowest level input that is significant to the
fair value measurement is directly or indirectly observable.

Level 3 - Valuation techniques for which the lowest level input that is significant to the
fair value measurement is unobservable.

(R) Financial Instruments:

A financial instrument is any contract that gives rise to a financial asset of one entity and a
financial liability or equity instrument of another entity.

Financial assets:

Initial recognition

Financial assets are recognised when the Company becomes a party to the contractual
provisions of the instruments. Financial assets other than trade receivables and other
specific assets are initially recognised at fair value plus transaction costs for all financial
assets not carried at fair value through profit or loss. Financial assets carried at fair value
through profit or loss are initially recognised at fair value, and transaction costs are
expensed in the Statement of Profit and Loss.

Subsequent measurement

Financial assets, other than equity instruments, are subsequently measured at amortised
cost, fair value through other comprehensive income or fair value through profit or loss on
the basis of both:

i. The entity’s business model for managing the financial assets and

ii. The contractual cash flow characteristics of the financial asset.

De-recognition

The Company derecognises a financial asset when the contractual rights to the cash flows
from the financial asset expire, or it transfers rights to receive cash flows from an asset, it
evaluates if and to what extent it has retained the risks and rewards of ownership. When it
has neither transferred nor retained substantially all of the risks and rewards of the asset,
nor transferred control of the asset, the Company continues to recognise the transferred
asset to the extent of the Company’s continuing involvement. In that case, the Company also
recognises an associated liability. The transferred asset and the associated liability are
measured on a basis that reflects the rights and obligations that the Company has retained.

Financial Liabilities:

Initial Recognition and Subsequent Measurement

All financial liabilities are recognised initially at fair value and in case of borrowings and
payables, net of directly attributable cost. Financial liabilities are subsequently carried at
amortized cost using the effective interest method. For trade and other payables maturing
within one year from the Balance Sheet date, the carrying amounts approximate fair value
due to the short maturity of these instruments. Changes in the amortised value of liability
are recorded as finance cost.

De-recognition

A financial liability is de-recognised when the obligation under the liability is discharged or
cancelled or expires. When an existing financial liability is replaced by another from the
same lender on substantially different terms, or the terms of an existing liability are
substantially modified, such an exchange or modification is treated as the derecognition of
the original liability and the recognition of a new liability. The difference in the respective
carrying amounts is recognised in the statement of profit or loss.

12. Figures in financial statement have been regrouped and / or rearranged where ever
necessary.

13. The Company has not revalued its Property, Plant and Equipment for the current year.

14. There has been no Capital work in progress for the current year of the company.

15. There is no Intangible assets under development in the current year.

16. The balances of Trade payables, Trade Receivable and loans and advances are subject to
confirmation by respective parties.

17. In the opinion of the Board of Directors, the current assets, loans and advances are approximately
of the value stated, if realized in the ordinary course of business.

18. In the opinion of the Board of Directors, provisions for depreciation and all liabilities are
adequate and not in excess of the amount reasonably necessary.

19. Wherever external evidence in the form of cash memos / bills / supporting are not available, the
internal vouchers have been prepared, authorized and approved.

20. Statement of Management

(i) The current assets, loans and advances are good and recoverable and are approximately
of the values, if realized in the ordinary courses of business unless and to the extent
stated otherwise in the Accounts. Provision for all known liabilities is adequate and not
in excess of amount reasonably necessary.

(ii) Balance Sheet, Statement of Profit and Loss and Cash Flow Statement read together with
Notes to the accounts thereon, are drawn up so as to disclose the information required
under the Companies Act, 2013 as well as give a true and fair view of the statement of
affairs of the Company as at the end of the year and results of the Company for the year
under review.

21.The Company has not advanced or loaned to or invested in funds to any other person(s)
or entity(is), including foreign entities (Intermediaries) with the understanding that the
Intermediary shall:

a. directly or indirectly lend to 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

22.The Company has not received any fund from any person(s) or entity(is), including foreign
entities (Funding Party) with the understanding (whether recorded in writing or
otherwise) that the Company shall

a. directly or indirectly lend to 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.

23. The company does not have transaction with the struck off under section 248 of
companies act, 2013 or section 560 of Companies act 1956.

24. The company is in compliance with the number of layers prescribed under clause (87) of
section 2 of company's act read with companies (restriction on number of layers) Rules,
2017.

26. EARNINGS PER SHARE: -

The Company reports basic and diluted earnings per share (EPS) in accordance with the Accounting
Standard 20 prescribed under The Companies (Accounting Standards) Rules, 2006 (as amended).
The Basic EPS has been computed by dividing the income available to equity shareholders by the
weighted average number of equity shares outstanding during the accounting year. The Diluted EPS
has been computed using the weighted average number of equity shares and dilutive potential equity
shares outstanding at the end of the year.

29. Compliance with approved scheme of Arrangements.

Company does not have made any arrangements in terms of section 230 to 237 of companies act
2013, and hence there is no deviation to be disclosed.

30. Utilization of borrowed funds and share premium.

As on March 31, 2024 there is no unutilized amount in respect of any issue of securities and long
term borrowing from banks and financial institution. The borrowed funds have been utilized for
the specific purpose for which the funds were raised.

31. Corporate social responsibility (CSR).

The section 135 (Corporate social responsibility) of companies act, 2013 is not applicable to the
company.

32. Details of crypto currency and virtual currency.

Company has not traded or invested in crypto currency or virtual currency during the financial
year.