2.15 Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive), as a
result of past events, and it is probable that an outflow of resources, that can be reliably estimated,
will be required to settle such an obligation.

The amount recognized as a provision is the best estimate of the consideration required to settle the
present obligation at the balance sheet date, taking into account the risks and uncertainties
surrounding the obligation. When a provision is measured using the cash flows estimated to settle the
present obligation, its carrying amount is the present value of those cash flows (when the effect of the
time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered
from a third party, a receivable is recognized as an asset if it is virtually certain that reimbursement
will be received and the amount of the receivable can be measured reliably.

2.16 Earnings per share

Basic earnings per share are computed by dividing net income by the weighted average number of
common shares outstanding. Diluted earnings per share is computed by dividing income available to
shareholders and assumed conversion by the weighted average number of common shares and
potential common shares from outstanding stock options. Potential common shares are calculated
using the treasury stock method and represent incremental shares issuable upon exercise of the
Company’s outstanding stock options.

2.17 Cash Flow Statement

The cash flow statement is prepared using the “indirect method” set out in Accounting Standard 3
Cash Flow Statements” and presents the cash flows by operating, investing and financing activities of
the Company.

Cash and cash equivalents presented in the cash flow statement consist of cash on hand and
unencumbered, highly liquid bank balances.

2.18 Contingent liabilities

Contingent liabilities as defined in Accounting Standard 29 “Provisions, Contingent Liabilities and
Contingent Assets” are disclosed by way of notes to the accounts. Disclosure is not made if the
possibility of an outflow of future economic benefits is remote. Provision is made if it is probable
that an outflow of future economic benefits will be required to settle the obligation.

2.19 Earnings per Share

The Basic and Diluted Earnings per share (“EPS”) is computed by dividing the profit after tax for the
year by weighted average number of equity shares outstanding during the year.

2.20 Cash and Cash Equivalents:

Cash and cash equivalents include cash and cheques in hand, bank balances, demand deposits with
banks and other short term highly liquid investments where the original maturity is three months or
less.

2.21 Discontinuing Operation:

The company has not discontinued operations during the year.

2.22 Loans and Advances to Related Parties

The company has not granted any Loans or Advances in the nature of loans to any of its Promoters,
Directors, Key Managerial Personnel and Related Parties as defined under the Companies Act, 2013.

2.23 Borrowings against Security:

In respect of the borrowings from Bank on the basis of security of Current assets, the quarterly
returns or statements of current assets filed by the Company with the banks are in agreement with its
books of accounts.

2.24 Willful Defaulter:

The company has not been declared as a “Willful Defaulter” by any bank, financial institution or
other lender.

2.25 Relationship with Struck Off Companies:

The company has not entered into any transaction with any company struck off under section 248 of
the Companies Act, 2013 or section 560 of Companies Act, 1956.

2.26 Registration or Satisfaction of Charge with Registrar of Companies:

There are no unregistered charges or satisfaction of the company.

2.27 Compliance with Number of Layers of Companies:

The company has not formed any layers as prescribed under clause (87) of section 2 of the Act read
with Companies (Restriction on number of Layers) Rules, 2017.

2.28 Compliance with approved Scheme of Arrangement:

The Company has not entered into any Scheme of Arrangement in terms of section 230 to 237 of the
Companies Act 2013.

2.29 Utilization of Borrowed funds and Share Premium:

The company has not advanced or loaned or invested funds, either out of borrowed funds or from
share premium or from any other sources or kind of funds to any other person(s) or entity(ies),
including foreign entities (Intermediaries) with the understanding, whether recorded in writing or
otherwise, that the Intermediary shall:

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

2.30 Utilization of funds received:

The company has not received any funds 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:

(i) 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

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

2.31 Undisclosed income:

The company has not entered into any transaction which has not been recorded in the books of
accounts and 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).

2.32 Corporate Social Responsibility:

The provisions relating to Corporate Social Responsibility covered under section 135 of the
Companies Act, 2013 are not applicable to the company.

2.33 Details of Crypto Currency or Virtual Currency:

The company has not traded or invested in Crypto Currency or Virtual Currency during the financial
year.

2.34 Ratio Calculations: Following are analytical ratios for year ending March’25 and March’24:

Reasons for ratios not calculated above:

1. Debt Equity Ratio and Debt Service Coverage Ratio: As the company does not have any
borrowings during both the years, these ratios are not applicable and hence not computed above.

2. Inventory Turnover Ratio, Tarde Receivables Turnover Ratio, Ratio, Net Capital Turnover
Ratio and Net Profit Ratio:

Since the company does not have turnover during both the years, these

3. Trade Payable Turnover: Since the company does not have any purchases during both the years,
this ratio is not calculated.

4. Return on Investment Ratio: The only investments made by the company are in shares of other
companies and none of them have declared dividends. Hence this ratio is not computed above.

Reasons for variance more than 25%:

1. Return on capital employed: Since the loss of the company has reduced compared to previous year,
this ratio has varied by more than 25%.

2.35 Previous Year figures:

Previous period’s figures have been regrouped / restated wherever necessary to make them
comparable with current year’s figures.

As per our report of even date

For J.S. BHATIA & CO. For and on Behalf of Board of

Chartered Accountants of Yogi Infra Projects Limited

Firm’s Registration No. 118806W

Sanjay Agarwal Rajesh Agarwal

Chairman Managing Director

DIN: 00462902 DIN: 00462895

J.S. Bhatia
Proprietor

M. No. 034290 Yogesh Dave Tarana Sankhla

UDIN : 25034290BMJJTK9599 CFO CS

Place : - Mumbai

Date : - 30/05/2025