a) No trade or other receivable are due from directors or other officers of the Company either severally or jointly with any other person. Nor any trade or other receivable are due from firms or private companies respectively in which any director is a partner, a director or a member other than mentioned in receivable from related party (refer note 43).

b) Trade receivables are non-interest bearing and are generally on terms of 45 to 90 days for construction contracts, payment is generally due upon completion of milestone as per terms of contract. Further, in case of sale of material the performance obligation is satisfied upon delivery of the material and payment is generally due within 45 to 90 days form the date of delivery. In certain contracts, short term advances are received before the performance obligation is satisfied.

c) The Company applies the expected credit loss (ECL) model for measurement and recognition of impairment losses on trade receivables and contract assets. The Company follows the simplified approach for recognition of impairment allowance on trade receivables and contract assets. The application of the simplified approach does not require the Company to track changes in credit risk. Rather, it recognises impairment allowance based on lifetime ECLs at each reporting date. ECL impairment loss allowance (or reversal) recognised during the period is recognised in the Statement of Profit and Loss. This amount is reflected under the head ‘other expenses' in the Statement of Profit and Loss.

Security deposits includes Earnest Money Deposits (EMDs) given while submitting tender for prospective business. EMDs are refundable after the award of tender and others are given for lease agreements, utilities services & other services ranging from 6 months to 60 months. These security deposits are refundable at the end of the lease period.

* Lien marked against deposit with banks INR 5,892.91 Lakhs (March 31, 2025: INR 5,900.77 Lakhs)

(d) Terms/Rights attached to equity shares

i) The Company has only one class of equity shares having a par value of INR 10 per share.

ii) The Company declares and pays dividends in Indian rupees. However, no dividend is declared or paid in current year.

iii) In the event of liquidation of the Company, the holders of shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts, in proportion to their shareholding.

iv) Every member of the Company holding equity shares has a right to attend the General Meeting of the Company and has a right to vote in proportion to his share of the paid-up capital of the Company.

(a) The principal amount is payable after moratorium of 1 to 4 months in 13 to 14 quarterly instalments. These debentures are secured by hypothecation of identified formwork, plant & machinery and properties against which these loans are taken along with Personal & Corporate guarantee by Promoters & Promoter group. Subservient charge is on all the current assets of the Company.

Subsequent to the reporting date, the Company has redeemed its existing Non-Convertible Debentures (NCDs) (early redemption) amounting to INR 5,250.00 Lakhs (Non-current - INR 3,000.00 Lakhs & Current - INR 2,250.00 Lakhs).

(b) Term loan from bank carries interest ranging between 7.40% p.a. to 12.25% p.a. (Previous year : 7.40% p.a. to 12.51% p.a.). These loans are repayable in 36 to 60 months with structured monthly installments ranging between INR 2.72 Lakhs to INR 35.88 Lakhs each along with interest, from the date of loan. These loans are secured by hypothecation of respective asset against which these loans are taken with additional mortgage / charge aggregating to an amount of INR 127,05.11 Lakhs (March 31, 2025 INR 13,019.98 Lakhs), on the plant & machinery and formwork placed at various sites and used for the purpose of construction. Further, these loans has been guaranteed by the personal guarantee of directors of the Company.

(c) Term loan from financial institutions carries interest ranging between 9.00% p.a to 12.50% p.a. (Previous year : 9.25% p.a. to 13.50% p.a.). These loans are repayable in 24 to 180 months with structured monthly installments ranging between INR 4.84 Lakhs to INR 43.30 Lakhs each along with interest, from the date of loan. These loans are secured by hypothecation of respective asset against which these loans are taken with additional mortgage / charge aggregating to an amount of INR 9,888.35 Lakhs (March 31, 2025 INR 7,888.82 Lakhs) on the plant & machinery placed at various sites and used for the purpose of construction. Further, these loans has been guaranteed by the personal guarantee of directors of the Company.

(d) Working capital loan from banks is secured against Mortgage of fixed assets and hypothecation of inventory, trade receivables, and other current assets on pari passu basis with other member banks in the consortium. The Working capital loan is repayable on demand and carries interest rate range between 6 months to 1 year MCLR 1.10% to 4.00% presently in the range of 9.60% p.a. to 13.65% p.a. (Previous year : MCLR 2.65% to 5.05% in range of 11.70% p.a. to 13.95% p.a.)

(e) Loan from Directors carries interest at 12.50% p.a. and is repayable on demand.

(f) The Company has satisfied all the covenants prescribed in the terms of borrowings.

The Company was required to spend INR 367.11 Lakhs (March 31, 2025: INR 247.23 Lakhs) on Corporate Social Responsibility (“CSR”) activities during the year. Further, excess CSR expenditure amounting to INR 35.24 Lakhs carried forward from the previous year was available for set-off against the current year obligation. Accordingly, the net CSR obligation for FY 2025-26 amounted to INR 331.87 Lakhs, against which the Company spent INR 326.80 Lakhs during the year. The unspent amount of INR 5.07 Lakhs has been transferred, after the balance sheet date, to a fund specified in Schedule VII within the prescribed timelines in compliance with the applicable provisions of the Companies Act, 2013.

36 Earnings per share

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders by the weighted average number of Equity shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net profit for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year is adjusted for the effects of all dilutive potential equity shares. There are no dilutive impacts for current year and previous year, therefore basic EPS and diluted EPS is same.

38 Segment information

The Company is engaged in contracts/assignments of Engineering, Procurement, and Construction. In the context of Ind AS 108 on Segment Reporting though the Company has operating model defined based on the nature of contract with customers, the reportable segment is one considering similar risk profile and common infrastructure facilities and resources. Also, the Board of Directors is the Chief Operating Decision Maker and reviews the results of the Company as one segment for performance assessment and resource allocation.

Note (a)

The Company's pending litigations comprise of claims against the company primarily by the vendors and proceedings pending with tax authorities. The Company is contesting the demands and the management believe that its position will likely be upheld in the appellate process. The Company has assessed that it is only possible and not probable. Further, future cash outflows in respect of matters considered disputed are determinable only on receipt of judgments/decisions pending at various forums/authorities.

42 Disclosure pursuant to Ind AS 19 “Employee Benefits”

The Company's contribution to Provident Fund for the year 2025-26 aggregating to INR 320.43 Lakhs (Previous Year: INR 241.21 Lakhs), INR 1.39 Lakhs (Previous Year : INR 1.96 Lakhs) for ESIC has been recognised in the statement of profit and loss under the head employee benefit expenses. (refer note 31).

The Company operates a gratuity plan covering qualifying employees. The benefit vests upon completion of five years of continuous service and once vested it is payable to employees on retirement or on termination of employment. The gratuity benefits payable to the employees are based on the employee's service and last drawn basic salary at the time of leaving. The employees do not contribute towards this plan and the full cost of providing these benefits are met by the Company. In case of death while in service, the gratuity is payable irrespective of vesting. The Company's obligation towards Gratuity is a Defined Benefit plan which is funded.

The following tables summarize the components of net benefit expense recognized in the statement of profit and loss and the funded status and amounts recognized in the balance sheet for the gratuity benefit plan:

The sensitivity analysis above have been determined based on a method that extrapolates the impact on defined benefit obligation as a result of reasonable changes in key assumptions occurring at the end of the reporting period. The sensitivity analysis are based on a change in a significant assumption, keeping all other assumptions constant. The sensitivity analysis may not be representative of an actual change in the defined benefit obligation as it is unlikely that changes in assumptions would occur in isolation from one another.

The average duration of the defined benefit plan obligation at the end of the reporting period is 1 year (March 31, 2025 - 2 years).

The Company is exposed to the following risks in the defined benefits plans :

Investment risk: The present value of the defined benefit obligation is calculated using a discount rate which is determined by reference to market yields at the end of the reporting period on government bonds. If the return on plan assets is below this rate, it will create a plan deficit.

Interest risk: A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by increase in the return on the plan's debt investments.

Longevity risk: The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will increase the plan's liability.

Salary growth risk: The present value of the defined benefit plan is calculated with the assumption of salary increase rate of plan participants in future. Deviation in the rate of increase of salary in future for plan participants from the rate of increase in salary used to determine the present value of obligation will have a bearing on the plan's liability.

Compensated absences (unfunded)

In respect of Compensated absences, accrual is made on the basis of a year-end actuarial valuation. the Company has provided for compensated absences based on the actuarial valuation done as per Project Unit Credit Method. The leave obligation cover the Company's liability for earned leave. The amount of the provision of INR 183.16 lakhs (March 31, 2025: INR 115.30 lakhs) is presented as current. The Company has provided INR 67.86 lakhs (March 31, 2025: INR 36.43 lakhs) for Compensated absences in the Statement of Profit and Loss.

a. The above transactions and balances excludes unbilled value of INR 27,911.29 Lakhs as on 31.03.2026 (31.03.2025 : INR 11,263.04 Lakhs)

b. The above transactions and balances excludes Contract Liability of INR 910.83 Lakhs as on 31.03.2026 (31.03.2025 : NIL)

c. Refer note 18 for personal guarantee provided by Promoters in respect of borrowings taken by the Company

C. Terms and conditions of transactions with related parties

(i) Sales to related parties and concerned balances

Sales are made to related parties on the same terms as applicable to third parties in an arm's length transaction and in the ordinary course of business. The Company enters into sales transactions with related parties as per business practice, the Company determines the transaction price considering the amount it expects to be entitled in exchange of transferring promised goods or services to the customer. Such sales generally include payment terms requiring related party to make payment within 45 to 90 days from the date of invoice.

Trade receivables outstanding balances are unsecured and require settlement in cash. No guarantee or other security has been received against these receivables.

(ii) Purchases of goods, property, plant and equipment and services received from related parties and related balances

Purchases are made / services received from related parties on the same terms as applicable to third parties in an arm's length transaction and in the ordinary course of business. The Company mutually negotiated and agreed purchase price and payment terms by benchmarking the same transactions with non-related parties entered into by the counter-party. Such purchases generally include payment terms requiring the Company to make payment within 90 to 180 days from the date of invoice. Trade payables outstanding balances are unsecured, interest free and require settlement in cash. No guarantee or other security has been given against these payables.

(iii) "Compensation to Key Management Personnel (KMP)

The amounts disclosed in the above table are the amounts recognised as an expense during the financial year related to KMP. The amounts do not include expense, if any, recognised toward post-employment benefits and other long-term benefits of KMP unless actually paid during the year. Such expenses are measured based on an actuarial valuation. Hence, amounts attributable to KMPs are not separately determinable.

(iv) Loan from Director

During the year, the Company has taken loan from Director. The loan has been utilized by the Company for the purpose it was obtained. The loan carries interest at 12.50% p.a. and is repayable on demand.

(v) Guarantee Given

The Company has given performance and financial guarantee in the form of bank guarantee or surety bonds against construction contract entered into by the Associate with the ultimate customer. As per the construction contract entered into by the Associate with the ultimate customer, the Associate needs to complete construction of the building as per the contractual terms. If the Associate fails to complete the construction within stipulated time, the Company will need to complete the construction. The Company does not have the right to recover losses from Associates. The Company expects that its Associates will complete the construction within the prescribed time limit.

(vi) Leasing arrangement

The Company has taken office space on lease from Director for a period of 3 years. The lease requires the Company to pay fixed lease rental on a monthly basis. At the end of initial lease term, the lease agreement is renewable based on mutual negotiation and agreement.

44 There were no significant adjusting events that occurred subsequent to the reporting period which may require an adjustment to the balance sheet.

45 Disclosures on Financial instruments

This section gives an overview of the significance of financial instruments for the Company and provides additional information on balance sheet items that contain financial instruments.

The details of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised in respect of each class of financial asset, financial liability and equity instrument are disclosed in accounting policies, to the financial statements.

Fair value of financial assets and financial liabilities measured at amortised cost:

The carrying amounts of trade receivables, loans, advances and cash and other bank balances are considered to be the same as their fair values due to their short term nature. The carrying amounts of long term loans given with floating rate of interest are considered to be close to the fair value. The carrying amounts of trade and other payables are considered to be the same as their fair values due to their short term nature. The carrying amounts of borrowings with floating rate of interest are considered to be close to the fair value.

The Company uses the following hierarchy for determining and / or disclosing the fair value of financials instruments by valuation techniques.

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.

There has been no transfers between level 1 (INR 630.28 Lakhs) & level 2 (INR 8.50 Lakhs) during the year (refer note below) Note: Considering the nature of the investment in bank shares, the carrying value of the investment approximates its fair value.

46 Revenue from Contracts with Customers

1. Principal revenue generating activities

The Company is primarily engaged in the business of Engineering, Procurement and Construction. The Company measures progress and recognizes revenue over time contracts using the input method, based on the actual cost of work performed at the end of the reporting period as a percentage of the estimated total contract costs at completion. The input method faithfully depicts the Company's performance in transferring control of goods and services to the customer, provides meaningful information in respect of satisfied and unsatisfied performance obligation towards the customer.

Information about the Company's performance obligations are summarised below:

Engineering, procurement and construction on Lump-sum basis: Engineering, procurement and construction on Lumpsum basis is considered to have one performance obligation since the activities are not distinct within the context of contract. The performance obligations is satisfied over the contract period using input based measure of progress as a method of accounting.

3. Contract Balances

The timing of revenue recognition, billings and cash collections results in billed accounts receivable, costs and estimated earnings in excess of billings on completed or uncompleted contracts (contract assets), and billings in excess of costs and estimated earnings on uncompleted contracts and advance received from customer (contract liabilities) on the balance sheet as on 31^st March 2026.

The Company discloses receivables from contracts with customer separately in the balance sheet. To comply with other disclosure requirements for contract assets and contract liabilities following information is disclosed:

Trade receivables are non-interest bearing and are generally on terms of 45 to 90 days. Trade receivables are reduced by provision for expected credit losses.

Contract assets is the right to consideration in exchange for goods or services transferred to the customer. If the Company performs by transferring goods or services to a customer before the customer pays consideration or before payment is due, a contract asset is recognized for the earned consideration that is conditional. For each contract, the revenue recognized at the contract's measure of progress using input method, after deducting the progress payment received or receivable from the customers, is presented within the contract assets line item in the balance sheet as project excess cost.

A contract liability is the obligation to transfer goods or service to a customer for which the Company has received consideration (or an amount of consideration is due) from the customer.

Revenue recognised from opening balance of contract liabilities amounts to INR 18,137.75 Lakhs (Previous Year: INR 22,824.76 Lakhs)

4. There is no reconciliation of the amount of revenue recognised in the statement of profit and loss with the contracted price since there is no adjustment such as discount, liquidated damages etc.

5. Transaction price allocated to the remaining performance obligations

The aggregate value of transaction price allocated to unsatisfied or partially satisfied performance obligation is INR 12,14,543.57 Lakhs as at March 31, 2026, (INR 9,73,856.81 Lakhs as at March 31, 2025) out of which part of performance obligation is expected to be recognised as revenue in next year and balance thereafter. The unsatisfied or partially satisfied performance obligations are subject to variability due to several commercial and economic factors.

The Company's operations are mainly confined in India. As such, there are no reportable geographical segments.

47 Capital Management

For the purpose of the Company's capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company's capital management is to maximise the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes within net debt, interest bearing loans and borrowings, less cash and cash equivalents. The Company is not subject to any externally imposed capital requirements.

(i) Debt is defined as current borrowings,non-current borrowings and lease liabilities.

(ii) Equity is defined as equity share capital and other equity including reserves and surplus.

In order to achieve this overall objective, the Company's capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and borrowings. There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current year.

No changes were made in the objectives, policies or processes for managing capital during the years ended March 31, 2026 and March 31, 2025.

48 Financial risk management objectives and policies

The Company's principal financial liabilities comprise borrowings, trade and other payables and other financial liabilities. The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets include trade and other receivables, cash and cash equivalents, other bank balances and other financial assets that derive directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the management of these risks. The Company's senior management is supported by a risk management committee that advises on financial risks and the appropriate financial risk governance framework for the Company. The Company's financial risk activities are governed by appropriate policies and procedures and that financial risks are identified measured and managed in accordance with the Company's policies and risk objectives. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below:

A) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises of interest rate risk and price risk. Financial instruments affected by market risk include borrowings and FVTPL Investments.

a) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company's exposure to the risk of changes in market interest rates relates primarily to the Company's long-term debt obligations with floating interest rates. Further, the Company has borrowings with fixed interest rates ranging between 7.00% to 14.80%.

The Company manages its interest rate risk by having a balanced portfolio of fixed and variable rate borrowings.

b) Interest rate sensitivity:

The sensitivity analysis below have been determined based on exposure to interest rates for long-term debt obligations with floating interest rates at the end of the reporting period and the stipulated change taking place at the beginning of the financial year and held constant throughout the reporting period in case of term loans that have floating rates.

If interest rates had been 50 basis points higher/lower and all other variables were held constant, following is the impact on profit and pre-tax equity. A positive effect in basis points leads to decrease in profit and negative effect is increase in profit.

Trade receivables

The major exposure to credit risk at the reporting date is primarily from trade receivables and contract assets

The Company's customer profile includes mainly large private corporates and government bodies. The Company's average project execution cycle is around 36 to 48 months. General payment terms include mobilisation advance, monthly progress payments with a credit period ranging from 45 to 90 days and certain retention money to be released at the end of the project. In some cases retentions are substituted with bank/corporate guarantees. The Company has a detailed review mechanism of overdue customer receivables at various levels within organisation to ensure proper attention and focus for realisation.

Unbilled revenue (Contract assets)

The costs incurred on projects are regularly monitored through the Project budgets. Costs which are incurred beyond the agreed terms and conditions of the contract, would be claimed from the customer, based on the actual works performed. The realisability of such claims, is verified by professionals, who certify the tenability of such claims and also the collectible amounts, by applying appropriate probabilities. Costs, which are identified as non tenable or costs beyond the collectible amounts, as mentioned above, would be provided in the books of accounts.

For trade receivables and contract assets, as a practical expedient, the Company computes credit loss allowance based on a provision matrix. The provision matrix is prepared based on historically observed default rates over the expected life of trade receivables and contract assets.

B) Price Risk

The Company's exposure to Price risks arises from investments in equity shares and mutual funds amounting to INR 638.78 Lakhs (Previous Year INR 214.86 Lakhs). The investments are held for strategic rather than trading purpose. The sensitivity analysis has been determined based on the exposure to price risk at the end of the reporting period. If the prices of the above instruments had been 5% higher/lower, profit for the year ended March 31, 2026 would increase/ decrease by INR 31.94 Lakhs (Previous year by INR 10.74 Lakhs).

C) Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables and contract assets) and from its financing activities, including deposits with banks and financial institutions and other financial instruments. The Company only deals with parties which has good credit rating/ worthiness given by external rating agencies or based on Companies internal assessment.

D) Liquidity risk

Liquidity risk refers to the risk that the Company will encounter difficulty in meeting its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities. The Company assessed the concentration of risk with respect to refinancing its debt and concluded it to be low.

49 Non-current Assets held for sale

The Company has classified certain properties as Non current Assets held for sale which were acquired as realisation of receivables. The Company has active committed plan to sale these properties and expects to complete the sale within next 12 months. Further, consultant has been appointed to sell these properties. Also, entered into arrangement for sale of certain properties and received advance against same. Certain properties are hypothecated against the borrowings (refer note 18)

50 On 21st November 2025, the Government of India notified the four New Labour Codes (the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020) consolidating 29 labour laws. The Company has considered the impact of the changes and accordingly accounted additional expense of INR 38.13 Lakhs for the year ended March 31, 2026.

51 (a) The Company has used accounting software (Strategic ERP) for maintaining its books of account which has a feature

of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further, there are no instance of audit trail feature being tampered with. Additionally, the Company has recorded and preserved audit trail in full compliance with the requirements of section 128(5) of the Companies Act, 2013, in respect of the financial years 2025-26.

(b) The accounting software used for maintenance of payroll records of the Company is operated by a third-party software service provider. Management have obtained and reviewed the Independent Service Auditor's Assurance Report on the Description of Controls, their Design and Operating Effectiveness (SOC 1 Type 2 report issued in accordance with SAE 3402) for the period, from the date of implementation i.e. July 01, 2025 to December 31, 2025. Based on the report, the audit trail feature at the application and database levels of the said software was enabled and operated effectively throughout the aforesaid period for all transactions. However, SOC 1 Type 2 report or other equivalent independent assurance was not obtained covering the period from January 01, 2026 to March 31, 2026.

53 The Company had long outstanding Trade Receivables of INR 1,155.93 Lakhs recoverable from one party which was written off as Bad debts/Provided as Expected Credit Loss Allowance in the earlier periods. The National Company Law Tribunal (NCLT), Amaravati Bench, had earlier admitted the said party into Corporate Insolvency Resolution Process (CIRP), and the Resolution Professional (RP) had approved an amount of INR 1,155.93 Lakhs against the Company's total claim of INR 1,583.14 Lakhs. Subsequently, the CIRP proceedings were withdrawn following a settlement between the said party and its creditors, rendering the Company's claim infructuous. During the current period, the NCLT, Amaravati Bench, readmitted the said party into CIRP and appointed an RP. The Company has resubmitted its claim to the RP and is confident of a favourable outcome based on prior approval of its claim. The Company had recorded the recovery of said receivables by giving effect in Other Income/Expected Credit Loss Allowance during the year ended March 31, 2024, based on future recoverability projections.

54 Against certain trade receivables, other exposures and contract assets gross amount of INR 5,492.76 Lakhs as on March 31, 2026, the Company has entered into agreements with respective parties and got allotment letter in its favour. The Company has taken legal steps before various legal forums namely NCLT, High Court, RERA Authorities etc. to register the respective flats in its name including enforcement of available security to recover amount and secure its commercial interest. The outcome of such legal action is not ascertainable at present. The management, based on the advise of external legal council is confident of its recoverability in due course and hence no further adjustment is required in the standalone financial statements.

55 Other statutory information's

(i) The Company does not have any Benami property where any proceeding has been initiated or pending against the company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(vii) The Company does not have any such 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).

(viii) The Company has complied with the relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and the Companies Act, 2013 for the above transactions and the transactions are not violative of the Prevention of Money-Laundering Act, 2002 (15 of 2003).

(ix) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(iv) The Company has not traded/ invested in Crypto currency or Virtual currency during the financial year.

(v) The Company has not advanced or loaned or invested fund to any other person (s) or entity (ies), including foreign entities (intermediaries) with the understanding that intermediary 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) or

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

(vi) The Company has not received any fund 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:

(a) 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

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