6. Provisions

Provisions are recognised when the Company has 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 a reliable estimate can be made of the amount of the obligation.

7. Current and Non-Current Classification

The Company presents assets and liabilities in the Balance Sheet based on Current/ Non-Current
classification.

An asset is treated as Current when it is:

- Expected to be realised or intended to be sold or consumed in normal operating cycle;

- Held primarily for the purpose of trading;

- Expected to be realised within twelve months after the reporting period, or

- Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least
twelve months after the reporting period. All other assets are classified as non-current.

A liability is current when it is:

- expected to be settled in normal operating cycle;

- held primarily for the purpose of trading;

- due to be settled within twelve months after the reporting period, or

- There is no unconditional right to defer the settlement of the liability for at least twelve months after the
reporting period.

The Company classifies all other liabilities as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities.

8. Earnings Per Share

Basic earnings per share is calculated by dividing the net profit after tax by the number of equity shares
outstanding at the end of the year.

9. Cash and Cash Equivalents

Cash and cash equivalents comprise of cash on hand, cash at banks, short-term deposits and short-term highly
liquid investments that are readily convertible to known amounts of cash and which are subject to an
insignificant risk of changes in value.

10. Taxes on Income

Tax expense comprises both current and deferred taxes. Current tax is provided for on the taxable profit of
the year at applicable tax rates. Deferred taxes on income reflect the impact of timing difference between
taxable income and accounting income for the year and reversal of timing differences of earlier years.

11. Foreign Currency T ransactions

There are no such Transaction during the year

5. Figures have been regrouped and rearranged wherever found necessary.

FOR A. K. OSTWAL & CO.
(Chartered Accountants)

Reg No. :0107200W

Date : 30/05/2024 AMIT M AJAGIYA

Partner

^place : ^AHMEDABAD M. No.: 140574

UDIN: 24140574BKAEVO9468