2j. Provisions, Contingent assets & contingent liabilities

A provision is recognized when an enterprise has a present obligation as a result of a past event and it is probable that an outflow of resources will be required to settle the
obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to their present values and are determined based on the Management's
estimate of the amount required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the Management's
current estimates.

A contingent asset is neither recognised nor disclosed in the financial statements.

Contingent liabilities are not recognised in the financial statements. They are disclosed by way of notes to accounts.Provision is made if it becomes probable that an outflow
of future economic benefit will be required for an item previously dealt with as contingent liability.

^2k. Operating cycle

Assets and liabilities are classified as current and non Current based on the operating cycle which has been estimated to be 12 months. All the assets and liabilities which are
expected to be realized and settled, within a period of 12 months from the date of balance sheet have been classified as current and other assets and liabilities are classified
as noncurrent.

2l. Operating Leases

Lease where the Lessor effectively retains substantially all the risks and benefits of ownership of the leased term, are classified as operating lease. Operating lease payments
are recognised as an expense in the Profit and Loss Account on a straight line basis.

2m. Earnings per share

Basic earnings/(loss) per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting preference dividends, if any
and attributable taxes) by the weighted average number of equity shares outstanding during the period.

For the purpose of calculating diluted earnings/(loss) 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.

2n. Retirement and other employee benefits

i) Provident Fund

Retirement benefit in the form of provident fund is a defined contribution scheme. The contributions to the provident fund are charged to the statement of profit and loss
for the period when the contributions are due. The Company has no obligation, other than the contribution payable to the provident fund.

ii) Gratuity

Gratuity liability under the Payment of Gratuity Act is a defined benefit obligation and is provided for on the basis of an actuarial valuation on projected unit credit method
made at the end of each financial period, Actuarial gains and losses are recognized in full in the period in which they occur in the statement of profit and loss and are not
deferred.

A business segment is a distinguishable component of an enterprise that is engaged in providing an individual product or service or a group of related products or
services and that is subject to risks and returns that are different from those of other business segments.

The entity has idenified two business segment basis the nature of products or servcies provided. The business segments comprise of Lables & ribbons and Licences.
Revenue and expenses directly attributable to segments are reported under each reportable segment. All other expenses which are not attributable or allocable to
segments have been disclosed as unallocable expenses.

Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and liabilities are used
interchangeably amongst segments. Allocation of such assets and liabilities is not practicable and any forced allocation would not result in any meaningful segregation.
Hence assets and liabilities have not been identified to any of the reportable segments and are disclosed as unallocable.

Summarised segment information is as follows:

(x) During the year no scheme of arrangements has been approved by the Competent Authority in terms of section 230 to 270 of the Companies Act 2013.

(xi) During the year the company has complied with section 2(87) of the Companies Act 2013 read with Companies (Restriction on number of Layers) Rules, 2017.

(xii) During the year Section 135 of the Companies Act 2013 is not applicable for the Company.

(xiii) Pursuant to the notification issued by the Ministry of Corporate Affairs dated March 24, 2021, in respect of changes incorporated in Schedule III of the Companies Act, 2013, the figures for the
corresponding previous periods/year have been regrouped/reclassified wherever necessary to make them comparable.