1.12 Provisions and Contingencies

Provisions are recognised when there is a present obligation as a result of a past event and it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation and
there is a reliable estimate of the amount of the obligation.

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.

A disclosure for contingent liabilities is made when there is a possible obligation arising from past events,
the existence of which will be confirmed only by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the Company or a present obligation that arises
from past events where it is either not probable that an outflow of resources embodying economic benefits
will be required to settle or a reliable estimate of the amount cannot be made.

1.13 Dividend

Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at
the discretion of the entity, on or before the end of the reporting period but not distributed at the end of
the reporting period.

1.14 Earnings per Share

a. Basic Earnings per Share

Basic earnings per share is calculated by dividing:

- the profit attributable to owners of the Parent Company

- by the weighted average number of equity shares outstanding during the financial year

b. Diluted Earnings per Share

Diluted earnings per share adjust the figures used in the determination of basic earnings per share to
take into account:

- the after income tax effect of interest and other financing costs associated with dilutive potential equity
shares, and

- the weighted average number of additional equity shares that would have been outstanding assuming
the conversion of all dilutive potential equity shares.

1.15 Use of Estimates

The Preparation of financial statements in conformity with the generally accepted accounting principles in
India requires the management to make estimates and assumptions that affects the reported amount of
assets and liabilities as at the balance sheet date, the reported amount of revenue and expenses for the
periods and disclosure of contingent liabilities at the balance sheet date. The estimates and assumptions
used in the financial statements are based upon management's evaluation of relevant facts and
circumstances as of the date of financial statements. Actual results could differ from estimates.

1.16 Recent Accounting Pronouncements

Ind AS 115 Revenue from Contracts with Customers is applicable for accounting periods beginning on or
after 1 April 2018.

There is no major impact of Ind AS 115 on the Company.

1.17 Critical Estimates and Judgements

The preparation of financial statements in conformity with Ind AS requires management to make
judgments, estimates and assumptions, that affect the application of accounting policies and the reported
amounts of assets, liabilities, income, expenses and disclosures of contingent assets and liabilities at the
date of these financial statements and the reported amounts of revenues and expenses for the years
presented. Actual results may differ from these estimates. Estimates and underlying assumptions are
reviewed at each Balance Sheet date. Revisions to accounting estimates are recognised in the period in
which the estimate is revised and future periods affected.

This Note provides an overview of the areas that involved a higher degree of judgement or complexity, and
of items which are more likely to be materially adjusted due to estimates and assumptions turning out to be
different than those originally assessed. Detailed information about each of these estimates and
judgements is included in relevant notes together with information about the basis of calculation for each
affected line item in the financial statements.

The areas involving critical estimates or judgements are:

• Provisions and Contingencies —

The assessments undertaken in recognising provisions and contingencies have been made in accordance
with the Ind AS 37. A provision is recognized if, as a result of a past event, the Company has a present legal
or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic
benefits will be required to settle the obligation. Where the effect of time value of money is material,
provisions are determined by discounting the expected future cash flows. In the normal course of business,
contingent liabilities may arise from litigation and other claims against the Company. There are certain
obligations which management has concluded, based on all available facts and circumstances, are not
probable of payment or are very difficult to quantify reliably, and such obligations are treated as
contingent liabilities and disclosed in the notes but are not reflected as liabilities in the financial
statements. Although there can be no assurance regarding the final outcome of the legal proceedings in
which the Company involved, it is not expected that such contingencies will have a material effect on its
financial position or profitability.

• Deferred Taxes -

Deferred income tax expense is calculated based on the differences between the carrying value of assets
and liabilities for financial reporting purposes and their respective tax bases that are considered temporary
in nature. Valuation of deferred tax assets is dependent on management's assessment of future
recoverability of the deferred tax benefit. Expected recoverability may result from expected taxable income
in the future, planned transactions or planned optimising measures. Economic conditions may change and
lead to a different conclusion regarding recoverability.

• Fair Value Measurements —

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 values are measured using valuation
techniques, including the discounted cash flow model, which involve various judgements and assumptions.

26 Financial Instrument-Classification & Fair Value
Financial Instrument by category and hierarchy

The fair values of the financial assets and liabilities are included at the amount at which the instrument 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 values:

A. Fair value of cash and short-term deposits, trade and other short term receivables, trade payables, other current liabilities, short term loans from banks and other financial institutions approximate their
carrying amounts largely due to 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 expected losses of these receivables. Accordingly, fair value of such instruments is not materially different from their carrying amounts.

The fair values for loans, security deposits and investment in preference shares were calculated based on cash flows discounted using a current lending rate. They are classified as level 3 fair values in the fair
value hierarchy due to the inclusion of unobservable inputs including counter party credit risk.

The fair values of non-current borrowings are based on Effective Interest Rates considering the premium payable on redemption as part of the finance cost (EIR works out to be 10.16% and 13.68%). They
are classified as level 3 fair values in the fair value hierarchy due to the use of unobservable inputs, including own credit risk.

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

Level - 2 - other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly.

Level - 3 - Techniques which use inputs that have a significant effect on the recorded fair value that are not based on observable market data.

27 Previous year figures have been regrouped where necessary.

28 Figures provided are in Rupees

29 There is no amount outstanding & payable to Investor Education & Protection Fund as on 31.03.2024

30 Figures of previous year are regrouped, recasted or rearranged whereever necessary

31 Figures are rounded off to nearest Thousand ('000).

32 Additional Regulatory Information Required By Schedule III

(i) Title deeds of immovable properties not held in name of the company

The immovable properties hedl by the Company was dispossed off during the current year.

(ii) Valuation of PP&E, intangible asset and investment property

The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets during

(iii) Loans or advances to specified persons

The Company has not granted any loans or advances to promoters, directors, KMPs and related parties either severally or jointly with any
other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period for repayment

(iv) Capital Work In Progress (CWIP)

The Company doesn't have any CWIP at the end of the cuurent year.

(v) Intangible assets under development

The Company doesn't have any Intangible assets under development

(vi) Details of Benami Property held

No proceedings have been initiated on or are pending against the company for holding benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

(vii) Borrowing secured against current assets

The Company doesn't have any borrowings from banks and / or financial institutions

(viii) Wilful Defaulter

The Company has not been declared wilful defaulter by any bank or financial institutions or government or any government authority.

(ix) Relationship with Struck off Companies

The Company has no transactions with the companies struck off under the Companies Act, 2013

(x) Registration of charges or satisfaction with Registrar of Companies

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

(xi) Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(xii) Compliance with approved Scheme(s) of Arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current of previous financial year

(xiii) Utilisation of Borrowed funds and share premium:

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds
by the Company to or in any other person or entity, including foreign entities (“Intermediaries") with the understanding, whether
recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate
Beneficiaries). The Company has not received any fund from any party (Funding Party) with the understanding that the Company shall
whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate
Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(xiv) 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.

(xv) Details of crypto currency of virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.