m. Provisions, Contingent liabilities and Contingent assets

(a) The company recognizes as a provisions, the liabilities being present obligations arising
from the past event, the settlement of which is expected to result in outflow of resources
and which can be measured only by using a substantial degree of estimation.

(b) A disclosure for a contingent liability is made when there is a possible obligation or a
present obligation that may, but probably will not, require an outflow of resources. Where
there is a possible obligation or a present obligation that the likelihood of outflow of
resources is remote, no provision or disclosure is made.

(c) Contingent Assets are neither recognized nor disclosed.

n. Earnings Per Share

(a) Basic earnings per share are calculated by dividing the net profit for the year attributable
to equity shareholders by the weighted average number of equity shares outstanding
during the period.

(b) For the purpose of calculating diluted earnings per share, the net profit or loss for the
period attributable to equity shareholders and the weighted average number of shares
outstanding during the period are adjusted for the effects of all dilutive potential equity
shares.

o. Taxation:

(a) Tax expense comprises of current and deferred tax. Current income tax is measured at
the amount expected to be paid to the tax authorities in accordance with Income-tax Act,
1961. Deferred income taxes reflect the impact of current year timing differences between
taxable income and accounting income for the year and reversal of timing differences of
earlier years.

(b) Deferred tax is measured based on the tax rates and the tax laws enacted or
substantively enacted at the balance sheet date. Deferred tax assets are recognised only to
the extent that there is reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realised. In situations where the
company has unabsorbed depreciation or carry forward tax losses, all deferred tax assets
are recognised only if there is virtual certainty supported by convincing evidence that they
can be realised against future taxable profits.

At each balance sheet date, the Company re-assesses unrecognised deferred tax assets. It
recognises unrecognised deferred tax assets to the extent that it has become reasonably
certain or virtually certain, as the case may be that sufficient future taxable income will be
available against which such deferred tax assets can be realised.

The carrying amount of deferred tax assets are reviewed at each balance sheet date. The
company writes-down the carrying amount of a deferred tax asset to the extent that it is no
longer reasonably certain or virtually certain, as the case may be, that sufficient future
taxable income will be available against which deferred tax asset can be realised. Any such
write-down is reversed to the extent that it becomes reasonably certain or virtually certain,
as the case may be, that sufficient future taxable income will be available.

p. Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible
into known amount of cash that are subject to an insignificant risk of change in value and
having original maturities of twelve months or less from the date of purchase, to be cash
equivalents.

Note 1 : Authorised Capital Incresed from 500000 equity shares to 10000000 equity shares with effect from
05 June, 2023 vide members resolution and approval on 05 June, 2023

Note 2 : During the financial year 2023-24, the Company has allotted 40000 equity shares on right basis to
existing shareholders of the Company at the Price of Rs. 258/- each (including premium of Rs. 248/- each)

Note 3 : The Company has declared bonus Shares at Extra Ordinary General Meeting held on 10 July 2023,
at ratio of 20 Equity Share of Rs 10/- Each for every 1 Equity Shares of Rs 10/- each held

Note 4 : During the financial year 2023-24, the Company successfully launched an Initial Public Offer (IPO)
by way of Fresh Issue for 22,48,000 Equity Shares of face value of Rs. 10 each for cash, at a price of 63 per
equity share (including a premium of 53 per equity share) aggregating to 14,16,24, OOO.The Equity shares
were listed on BSE Limited(BSE) on February 15th 2024. Consequent to allotment of fresh issue, the paid up
equity share capital of the company Stand increased from 60,90,000 Shares to 83,38,000 Shares of
Rs. 10 each.

(ii)Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per
share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in
the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the
equity shareholders are eligible to receive the remaining assets of the Company after distribution of all
preferential amounts, in proportion to their shareholding.

Secured Loans repayable on demand from banks

Security for the Purpose of Over Draft taken from Yes bank includes -

1. Hypothecation charge on current assets and MFA (both present and future) of the Company.

2. Equitable Mortgage of raw house no 45, Sunvilla raw houses, R.S. no. 219, behind Memnagar,

Gurukul Road, Ahmedabad

3. Equitable Mortgage of Shop no. B 702, The capital Science City, Sola, Ahmedabad

4. Equitable Mortgage of Flat no. B/1302, 13th Floor, Swati Gardeniya, Nr. Makarba Police Station,

100 ft Road, Makarba, Ahmedabad in the name of Kush Patel

5. Equitable Mortgage of 15, Menka co op ho so ltd., part 2, Shreenath residency, part 2, Adalaj,

Ahmedabad.

6. A-405 & 406 Himalaya(Vastrapur) Co-operative Housing Society Ltd.Himalaya Arcade,Vastrapur,
Ahmedabad,Gujarat.

7. Equitable Mortgage of Shop no. B 701, The capital Science City, Sola, Ahmedabad.

8. Equitable Mortgage of Shop no. B 602, The capital Science City, Sola, Ahmedabad

9. Equitable Mortgage of A-404 Himalaya(Vastrapur) Co-operative Housing Society Ltd.Himalaya Arcade,
Vastrapur, Ahmedabad,Gujarat.

10. Equitable Mortgage of Bunglow No 16,Kekarav,Co op Housing Society Ltd, opp Someshwar 3,

Near Gulab tower Thaltej,Ahmedabad.

Pesonal Gurantee Given By :

1) Manjulaben Patel (Director) 2) Suresh Patel 3) kush patel (Director) 4) vishal Sharma
5) kashyap patel (Director) 6) nayan sharma 7) Tushar Patel 8) Rameshchandra Patel
9)Naineshbhai Desai

Security for the Purpose of Over Draft taken from AU Small Finance Bank Limited includes -

1. Office No-307, 3rd Floor, Shivalik High Street, Survey No-106/1/Part,

(Having Private Sub-Plot No-C of Final Plot No-106/Part), TPSN-31(University Campus), 0
Mouje : Vastrapur, Taluka City, Dist : Ahmedabad , Ahmedabad Guiarat 380015

2. Plot No-23, Divine Park, RSN-500 Hissa No-1 & 3, 599 Hissa No-1, 2/1 & 2/2, TPSN- 42(Sola- Thaltej),
FPN-187, Mouje : Sola, Tai: Daskroi, Dist: Ahmedabad, Ahmedabad, Gujarat 380059.

3. Block No-D, Third Floor, Flat No -301, Aashirwad Sky, Khata No-353, T.P. No-26, F.P.No- 222,

Mouje- Vasna, Ta- Sabarmati, Dist.- Ahmedabad , Ahmedabad , Gujarat , 380007.

4. Bunglow No. 38, Vrundavan Bunglows , Nr. Karnavati University , Sur No. 2717(Old sur no. 1345),

Mauje : Uvarsad , Tal,Dist : Gandhinagar - 382422 , Gandhinagar, Gujarat - 382422.

5. Flat No. F - 1202,12th Floor, 42 Parkview , Nr Kalhar Exotica , Science City Road , Sr No: 649/3/1,

652/1 , 644/1 647 648 699 , TPS No. 41 , FP No: 19 18/2 54 ,Mouje : Sola , Taluka : Ghatlodia.

Dist : Ahmedabad , Gujarat - 380060

6. Office No : 811, 8th Floor, I Square , Near Marego CIMS Hospital, NR City Center 2 , Sur No : 406/2,

TPS No : 42 FP No : 54 , Mouje : Sola, Tal: Ghatlodiya , Dist: Ahmedabad , Gujarat - 380059

7. Office No : 812, 8th Floor, I Square , Near Marego CIMS Hospital, NR City Center 2 , Sur No : 406/2,

TPS No : 42 FP No : 54 , Mouje : Sola, Tal: Ghatlodiya , Dist : Ahmedabad , Gujarat - 380059

Note:

I. Earning available for Debt Service = Net Profit before taxes Non-cash operating expenses Interest
other exceptional item

ii. Debt service = Interest & Lease Payments Principal Repayments

iii. Capital Employed = Tangible Net Worth Total Debt Deferred Tax Liability

Reasons for Variances

(a) Current Ratio Reasons for Variances 25% : Not applicable

(b) Debt-Equity Ratio Reasonsfor Variances25% : Not applicable

(c) Debt Service Coverage Ratio: primarily due to growth in net operating income driven by higher sales and
reduced expenses / repayment or refinancing of debt, resulting in lower annual debt servicing
requirements

(d) Return on Equity Ratio Reasons for Variances 25% : Primarily because of last year average share
holder's equity was down because IPO took place in last year

(f) Trade receivables turnover ratio Reasonsfor Variances 25% : Not applicable

(g) Trade payables turnover ratio Reasons for Variances 25%: Not applicable

(h) Net capital turnover ratio : - Reasons for Variances 25% : Not applicable

(i) Net profit ratio :-Reasonsfor Variances 25% : Not applicable

(j) Return on Capital employed : - Reasons for Variances 25% : Not applicable

37 Current Assets, Loans and Advances

In the opinion of the board. Current Assets, Loans and advances have a value on realization in the ordinery
course of business at least equal to the amount at which they are stated and provision for all known
liabilities has been made and considered adequate.

38 Additional Notes to the Accounts

1. Current year financial statements including comparative figures for previous year are prepared as per
Accounting Standard prescribed under section 133 read with rule 7 of Companies (Accounts) Rules, 2014 as
amendment by Companies (Accounting Standard) Rules, 2016 and relevant provisions of Companies Act,
2013.

2. Previous year figures have been regrouped or reclassified to confirm to current year's classification.

3. All financial figures have been rounded off to the nearest rupee.

39 Additional Notes to the Accounts

1. Title deeds of immovable property not held in the name of the Company

The Company is not holding any immovable property other than name of the company during the year
previous year.

2. Revaluation of property, plant and equipment

The Company has not revalued any of the property, plant and equipment during the year.

3. Loans or Advances-Additional disclosures

The Company has not granted any loan or advance in nature of loan to promoters, directors, key
managerial personnel and related parties as defined under the Companies Act 2013 either severally or
jointly with any other person that is (a) repayable on demand or (b) without specifying any terms or
period of repayment during the year or previous year.

There is no guarantee given or security provided by the Company.

4. Capital work-in-progress (CWIP)

The Company is not having any capital work in progress during the year or previous year.

5. Intangible assets under development

The Company is not having any intangible asset under development during the year or previous year.

6. Details of Benami Property held

No proceedings have been initiated or pending against the Company for holding any benami property
under the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) and the rules made
thereunder as amended from time to time.

7. Security of current assets against borrowings

The Company has borrowings from banks or financial institutions on the basis of security of current
assets during the year. The quarterly returns or statements of current assets filed by the Company with
banks or financial institutions are in agreement with the books of account. Hence, requirements of
furnishing summary of reconciliation and reasons of material discrepancies do not apply.

8. Wilful defaulter

The Company has no borrowings from banks or financial institutions or other lenders for which it is
declared as wilful defaulter at any time during the year or after the end of reporting period, but before the
date when financial statements are approved or in an earlier period, and the default has not continued for
the whole or part of the current year by any bank or financial institution or other lender.

9. Relationship with Struck off companies

The Company has no transaction during the year with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of the Companies Act, 1956.

10. Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the
statutory period.

11. Compliance with number of layers of companies

The Company is not having any subsidiary Hence, requirement of compliance with the number of layers
prescriber under clause (87) of section 2 of the Act read with Companies (Restriction on number of
Layers) Rules, 2017 is not applicable.

12. 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 year. Hence, the requirements of disclosure of effect of such
Scheme of Arrangements in the books of account in accordance with the Scheme and in accordance with
accounting standards are not applicable.

13. Utilisation of Borrowed funds and share premium

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

(1) directly or indirectly lend an invest in other persons or entities identified in any manner whatsoever
by or on behalf of the funding Party (Ultimate Beneficiaries) or

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

As per our report of even date For and on behalf of the Board of

For Desai & Desai Rudra Gas Enterprise Limited

Chartered Accountants (Formerly Known as Rudra Gas Enterprise Private Limited)

Firm's Registration No. 139459W

Hardik Desai Kush Patel Kashyap Patel

Partner Managing Director Director

Membership No. 166613 07257552 07257549

UDIN: 25166613BMIEVH3223

Place: Ahmedabad Shrusti Mulani Mrs. Vallari Jivan Dave

Date: 29/05/2025 Chief Financial Officer Company Secretary

Place : Ahmedabad
Date : 29/05/2025