15. Provisions:

A provision is recognized when the Company has a present obligation (legal or constructive) as a result of past event, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. These estimates are reviewed at each reporting date and adjusted to reflect
the current best estimates.

16. Deferred Tax:

Deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the carrying
values of assets and liabilities and their respective tax bases, and unutilized business loss and depreciation carry-forwards and tax
credits. Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against
which the deductible temporary differences, unused tax losses, depreciation carry-forwards and unused tax credits could be
utilized.

Deferred tax assets and liabilities are measured based on the tax rates that are expected to apply in the period when the asset is
realized or the liability is settled, based on tax rates and tax laws that have been enacted or substantively enacted by the balance
sheet date.

17. Borrowings:

Borrowings are initially recognised at fair value, net of transaction costs incurred. Any difference between the proceeds (net of
transaction costs) and the redemption amount is recognised in statement of profit or loss over the period of the borrowings.
Borrowings are removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability
for at least 12 months after the reporting period. During the Year Company does not have any Borrowings.

18. Borrowings Cost:

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 capitalized as part of the cost of the asset. All other borrowing costs are
expensed in the period in which they occur.

The Company ceases capitalising borrowing costs when substantially all the activities necessary to prepare the qualifying asset
for its intended use or sale are complete.

19. Trade payables:

These amounts represent liabilities for goods that have been acquired in the ordinary course of business from suppliers. Trade
payables are presented as current liabilities unless payment is not due within 12 months after the reporting period.

20. Current Tax:

Tax on income for the current period is determined on the basis of estimated taxable income and tax credits computed in
accordance with the provisions of the relevant tax laws and based on the expected outcome of assessments / appeals.

Where current tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for
the business combination. Management periodically evaluates positions taken in the tax returns with respect to situations in
which applicable tax regulations are subject to interpretation and establishes provisions where appropriate.

21. Financial Instruments and Risk Review:

The Company’s principal Financial Assets include investments, trade receivables, cash and cash equivalents, other bank balances
and loan. The Company’s financial liabilities comprise of borrowings and trade payables.

22. Fair Value Hierarchy:

The Fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable
or unobservable and consists of the following three levels:

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

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

Level 3- Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part
using a valuation model based on the assumptions that are neither supported by prices from observable current market
transactions in the instrument nor are they based on available market data. The following table summarises carrying amounts of
financial instruments by their categories and their values in fair value hierarchy for each year presented.

Explanation to the Note No. 12 Other Equity
Capital Reserve

The Capital Reserve has been created as per the requirement of earlier provisions of The Companies Act,1956. Such reserve
is not available for distribution to the shareholders.

General Reserve

The Company has transferred a portion of the net profit before declaring dividend to General Reserve pursuant to earlier
provision of The Companies Act, 1956. As transfer to the general reserve is not mandatorily required under The Companies
Act, 2013.

Notes:

1. The ratios are calculated on absolute figures.

2. The Company is now operating as real estate company and no purchases in this respect have been made during the year and
previous year.

3. The Ratios calculated in respect of Inventory and trade payables have been updated to include COGS and purchases during
the year respectively.

Note 30: Other Statutory Information-

1. The Company has not borrowed any funds from banks and financial institutions for any specific purpose.

2. All the immovable properties title deeds are held in the name of the company and Company is the sole owner of these
immovable properties.

3. The Company does not have any Benami property, and no proceeding has been initiated or is pending against the Company
for holding any Benami property.

4. The Company has not been declared willful defaulter by any bank or financial institution or government or any government
authority.

5. The Company does not have any transactions with companies struck off.

6. The Company have charges which are yet to be satisfied with ROC beyond the statutory period, the detail of which are:

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

8. 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).

9. The Company has not issued any security for a specific purpose.

10. The Company has not proposed or declared dividend during the year.

11. The Company has initiated the legal proceedings under section 138 of negotiable instruments act and u/s 420 of the Indian
penal code, against Jay formulation Limited before First Class Civil Judge, District Court, Indore. The same has been initiated
for recovery of outstanding dues.