(o) Provisions, Contingent Liabilities and Contingent Assets

i) Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it
is probable that an outflow of resources will be required to settle the obligation and the amount can be reliably
estimated. Provisions are not recognised for future operating losses. Provisions are measured at the present value of
management's best estimate of the expenditure required to settle the present obligation at the end of the reporting
period.

Provisions (excluding retirement benefits) are discounted using pre-tax rate that reflects current market assessments of
the time value of money and the risks specific to the liability. The increase in the provision due to the passage of time is
recognised as interest expense.

ii) A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the
occurrence or non-occurrence of one or more uncertain future events beyond the control of the company. The Company
does not recognize a contingent liability but discloses its existence in the financial statements.

iii) Contingent assets are not recognized, but disclosed in the financial statements where an inflow of economic benefit is
probable.

(p) Warranties

Provisions for service warranties and returns are recognised when the Company has a present or constructive obligation as a
result of past events, it is probable that an outflow of resources will be required to settle the obligation and the amount can be
reliably measured.

(q) Borrowing Costs

Borrowing costs consist of interest, ancillary and other costs that the Company incurs in connection with the borrowing of funds
and interest relating to other financial liabilities. Borrowing costs also include exchange differences to the extent regarded as an
adjustment to the borrowing costs.

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial
period of time to get ready for its intended use or sale are capitalised as part of the cost of the asset. All other borrowing costs
are expensed in the period in which they occur.

(r) Leases

The Company assesses whether a contract is or contains a lease, at inception of a contract. A contract is, or contains, a lease if
the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To
assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether:

(i) the contract involves the use of an identified asset

(ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and

(iii) the Company has the right to direct the use of the asset.

At the date of commencement of the lease, the Company recognises a right-of-use asset ("ROU") and a corresponding lease
liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short term
leases) and leases of low value assets. For these short term and leases of low value assets, the Company recognises the lease
payments as an operating expense on a straight line basis over the term of the lease.

3 (i) A Significant Accounting Judgements, Estimates and Assumptions

The preparation of the Company's financial statements in conformity with Ind AS requires management to make judgements,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the
accompanying disclosures, and the disclosure of contingent liabilities. Estimates and judgements are continuously evaluated
and are based on historical experience and other factors, including expectations of future events that are believed to be
reasonable. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment
to the carrying amount of assets or liabilities affected in future periods. Revisions to accounting estimates are recognised in
the period in which the estimate is revised.

a) Fair Value Measurement of Financial Instruments

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on
quoted prices in active markets, their fair value is measured using appropriate valuation techniques. The inputs to these
models are taken from observable markets where possible, but where this is not feasible, a degree of judgement is required
in establishing fair values. Judgements include considerations of inputs such as liquidity risk, credit risk and volatility.
Changes in assumptions about these factors could affect the reported fair value of financial instruments.

b) Taxes

The Company periodically assesses its liabilities and contingencies related to income taxes for all years open to scrutiny
based on latest information available. For matters where it is probable that an adjustment will be made, the Company
records its best estimates of the tax liability in the current tax provision. The Management believes that they have adequately
provided for the probable outcome of these matters.

Deferred tax assets are recognised for unused tax losses to the extent that it is probable that taxable profit will be available
against which the losses can be utilised. Significant management judgement is required to determine the amount of deferred
tax assets that can be recognised, based upon the likely timing and the level of future taxable profits.

c) Recognition and Measurement of Defined Benefit Obligations

The obligation arising from defined benefit plan is determined on the basis of actuarial assumptions. Key actuarial
assumptions include discount rate, trends in salary escalation and attrition rate. The discount rate is determined by reference
to market yields at the end of the reporting period on government securities.

*The Company's investment properties are presently under construction. In the opinion of the Management, the fair value of these
properties is not reliably measurable as at the reporting date due to the stage of completion and the limited availability of relevant
market-based valuation inputs. Management believes that a more reliable determination of fair value will be possible once the
construction is substantially completed. Accordingly, fair value disclosure has not been provided for these properties as at the
reporting date. The Company will determine the fair value when it becomes reliably measurable or upon completion of construction,
whichever occurs earlier, in accordance with Ind AS 40.

18.1 Vehical Loan from Bank
Security

(i) Are secured by first charge by way of hypothecation of vehicles acquired under the specific facility granted.

(ii) Carrying value of the fixed assets pledged is ? 4.87 lakhs (as at March 31st, 2025: ? 7.07 lakhs).

Terms of Repayment

Amount disbursed under the term loan shall be repaid in monthly installements of ? 0.45 Lakhs (including Interest), over a period
of 60 months.

Rate of Interest

The Rate of Interest is 8.20 % p.a. and shall be payable on monthly basis.

The Company's principal financial liabilities comprise borrowings, trade and other payables. The main purpose of these financial liabilities is
to finance and support Company's operations. The Company's principal financial assets include trade and other receivables, cash and cash
equivalents, other bank balances and refundable deposits 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 ensures that 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.

Financial Risk Management

The Company has exposure to the following risks arising from financial instruments:

(i) Market Risk

(ii) Credit Risk and

(iii) Liquidity Risk

i. Market Risk

Market risk arises from the Company's use of interest bearing financial instruments. It is the risk that the fair value or future cash flows of a
financial instrument will fluctuate because of changes in interest rates (interest rate risk) or other market factors. Financial instruments
affected by market risk include borrowings, fixed deposits and refundable deposits.

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 is not exposed to the risk of changes in market interest rates as the funds borrowed by the Company is at fixed
ineterest rate.

b Foreign Currency Risk

Currency risk is not material, as the Company's primary business activities are within India and does not have significant exposure in foreign
currency.

ii. 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 from its financing activities
including security deposits, loans to employees and other financial instruments.

a) Trade Receivables

The Company extends credit to customers in the normal course of business. The Company considers factors such as financial conditions /
market practices, credit track record in the market, analysis of historical bad debts and past dealings for extension of credit to customers.
Individual credit limits are set accordingly. The Company monitors the payment track record of the customers and ageing of receivables.
Outstanding customer receivables are regularly monitored. The Company considers the concentration of risk with respect to trade
receivables as low, as its customers are located in several jurisdictions and industries and operate in largely independent markets.

b) Financial Instrument and Cash Deposits

With respect to credit risk arising from the other financial assets of the Company, which comprise bank balances, cash, other receivables
and deposits, the Company's exposure to credit risk arises from default of the counterparty, with a maximum exposure equal to the carrying
amount of these assets.

Credit risk from balances with banks is managed by Company's treasury in accordance with the Company's policy. The Company limits its
exposure to credit risk by only placing balances with local banks. Given the profile of its bankers, management does not expect any
counterparty to fail in meeting its obligations.

iii. Liquidity Risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they fall due. The Company monitors its risk to
a shortage of funds using a recurring liquidity planning tool. This tool considers the maturity of both its financial investments and financial
assets (e.g. trade receivables, other financial assets) and projected cash flows from operations.

The cash flows, funding requirements and liquidity of Company is monitored under the control of Treasury team. The objective is to
optimize the efficiency and effectiveness of the management of the Company's capital resources. The Company's objective is to maintain a
balance between continuity of funding and borrowings. The Company manages liquidity risk by maintaining adequate reserves and
borrowing facilities, by continuously monitoring forecasted and actual cash flows and matching the maturity profiles of financial assets and
liabilities.

Capital Management

For the purpose of the Company's capital management, capital includes issued equity capital, share 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
shareholders' value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the
financial covenants. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt.

The fair value of the financial assets are included at amounts at which the instruments could be exchanged in a current transaction between
willing parties other than in a forced or liquidation sale.

The following methods and assumptions were used to estimate the fair value:

(a) Fair value of cash and short term deposits, trade and other short term receivables, trade payables, other current liabilities, approximate their
carrying amounts largely due to the short-term maturities of these instruments.

(b) Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as interest rates and
individual credit worthiness of the counterparty. Based on this evaluation, allowances are taken to account for the expected losses of these
receivables.

b) Fair Value Hierarchy

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

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or
indirectly (i.e. derived from prices)

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs)

## Disclosure of Transactions With Struck Off Companies

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section
560 of Companies Act, 1956 during the financial year.

## Segment Reporting

The Company operates in single business segment i.e. Construction Activity hence segment information has not been provided. Further the
Company conducts its business in only one Geographical Segment, viz., India.

## Issue of Shares

During the financial year 2024-25, the Company has made an Initial Public Issue of 1,83,00,000 Equity shares of face value ^ 5 each at a
price of ^ 95 per Equity share aggregating to ^ 17,385.00 Lakhs and made allotment of fully paid-up Equity Shares and an Offer For Sale of
95,00,000 Equity Shares of face value ^ 5 each at a price of ^ 95 per Equity share aggregating to ^ 9,025 Lakhs by the Selling Shareholders
of the Company.

## No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

i Details of Crypto Currency or Virtual Currency: The Company has not traded or invested in crypto currency or virtual currency during the
year

ii Details of Benami Property held: No proceedings have been initiated or are pending against the Company for holding any benami property
under the Prohibition of Benami Property Transactions Act, 1988 and the rules made thereunder.

iii Registration of Charges or Satisfaction with Registrar of Companies: Not applicable, as the Company has no borrowings requiring creation,
modification or satisfaction of charge during the year.

iv Relating to borrowed funds:

a) Wilful Defaulter: The Company has not been declared a wilful defaulter by any bank or financial institution or other lender.

b) Utilisation of borrowed funds & share premium

(i) The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other source 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 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 provide any guarantee, security or the like to or on behalf of the ultimate
beneficiaries.

(ii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (funding parties), with the
understanding, whether recorded in writing or otherwise, that the Company shall 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 provide any guarantee, security
or the like on behalf of the ultimate beneficiaries.

c) Borrowings Secured against Current Assets: Not applicable, as the Company does not have any borrowings from banks or financial
institutions secured on the basis of current assets at any point during the year.

d) Discrepancy in utilisation of borrowings

e) Current maturity of long term borrowings

iv Title deeds of Immovable Property: The title deeds of all immovable properties (other than properties where the Company is the lessee and
the lease agreements are duly executed in favour of the lessee) are held in the name of the Company.

v Property, Plant and Equipment and Intangible Assets Revalued: The Company has not revalued its Property, Plant and Equipment (including
right-of-use assets) or Intangible assets during the year. Tangible and intangible assets are carried at historical cost less accumulated
depreciation/amortisation, as stated in Accounting Policies.

vi Intangible Assets under Development Ageing Schedule : Not applicable, as the Company does not have any intangible assets under
development.

vii Compliance with Number of Layers of Companies: The Company has subsidiaries and has complied with the number of layers prescribed
under clause (87) of Section 2 of the Companies Act, 2013 read with the Companies (Restriction on Number of Layers) Rules, 2017. As at
March 31st, 2026, the number of layers of subsidiaries held by the Company is within the limit so prescribed.

viii Compliance with Approved Scheme(s) of Arrangements: No scheme of arrangement has been approved by the Competent Authority in
terms of Sections 230 to 237 of the Companies Act, 2013 during the year.

ix Undisclosed Income: There is no income surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income-tax Act, 1961, that has not been recorded in the books of account.

In the opinion of the Board, the Current Assets, Loans and Advances are approximately of the value stated as realizable in the ordinary
course of business and the provision for all known liabilities are adequate.

Note - 47

Pursuant to the notification issued by the Ministry of Corporate Affairs (MCA), effective April 1, 2023, it is mandatory for every company
maintaining its books of accounts using accounting software to ensure that the software includes an audit trail (edit log) feature. This
feature must record each and every transaction, log all changes made (including the date of such changes), and must not allow the audit
trail functionality to be disabled.

The Company is in compliance with the aforementioned requirement and currently uses Tally Edit Log, an accounting software solution that
fully supports audit trail functionalities. This software automatically records an edit log for every transaction, including modifications, along
with timestamps. Furthermore, the audit trail feature in Tally Edit Log cannot be disabled, ensuring the integrity and traceability of the
accounting data.

In addition to the use of compliant software, and to mitigate risks associated with unauthorized direct changes at the database level, the
Company has established and implemented appropriate alternate mitigating controls. These controls are designed to detect, prevent, and
address any potential deviations from standard accounting practices, thereby ensuring comprehensive compliance with the MCA guidelines.

Note - 48

Previous year figures have been regrouped / reclassified, wherever necessary, to correspond with current year classification.