q) Provisions, Contingent liability and Contingent Assets:

a) A provision is recognized when there is a present obligation as a result of past event that there is a possibility of an outflow of resources to settle the obligation and in respect of which reliable estimates can be made, Provision is determined based on the best estimate required to settle the obligation at the date of year end. These are reviewed at each year end and adjusted to reflect the best current management estimates.

b) Contingent liabilities are not provided for in the accounts and are separately shown in the Notes on Accounts.

c) Contingent Assets are neither recognized nor provided or disclosed in the financial statements.

Note 39 - Other Regulatory Information

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company group for holding any Benami property

(ii) The Company has not been declared wilful defaulter by any bank or financial Institution or other lender.

(iii) The Company does not have any transactions with companies struck off.

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

(v) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the 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) provide 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) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(vii) The Company has no 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.

NOTE - 40

The Company prepares and presents its financial statements as per Schedule IV to the Companies Act, 2013 the year by the Central Government, the statements for the year ended 31st March 2024 have been prepared and presented as per the requirements of the Revised Schedule to the Companies Act, 2013. The previous year figures have been accordingly regrouped / reclassified to confirm to the current classification.

For M/s Valawat & Associates For and On Behalf of the Board of Directors

Chartered Accountants (FRN : 003623C)

Krishna Agarwal Kalpana Mehta

Jinendra Jain Managing Director Director

Partner DIN : 09402238 DIN : 05215041

M.No. 072995

DATE : 30-05-2024 PLACE : Udaipur

Ankita Jain Company Secretary