(n) Provisions and Contingent Liabilities:

(i) Provision is recognized (for liabilities that can be measured by using a substantial degree of estimation) when:

a) The company has a present obligation as a result of a past event;

b) A probable outflow of resources embodying economic benefits is expected to settle the obligation; and

c) The amount of the obligation can be reliably estimated.

(ii) Contingent liability is disclosed in case there is:

a) (i) Possible obligation that arises from past events and existence of which will be confirmed only by the

occurrence of non-occurrence of one or more uncertain future events not wholly within the control of the enterprise; or

(ii) A reliable estimate of the amount of the obligation cannot be made.

b) A present obligation arising from past events but is not recognised:

(i) When it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or

(ii) A reliable estimate of the amount of the obligation cannot be made.

Note 33 : Current Assets And Loans And Advances

In the opinion of the Board the Current Assets and Loans and Advances are realisable in the ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet. The provision for all known liabilities is adequate and not in excess of the amount reasonably necessary

Note 34

No funds have been advanced/loaned/invested (from borrowed funds or from share premium or from any other sources / kind of funds) by the Group 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 (i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Group (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

No funds have been received by the Group from any person(s) or entity(ies), including foreign entities (Funding Parties), with the understanding (whether recorded in writing or otherwise) that the Group shall (i) 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 (ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

transaction, and further creating an edit log of each change made in the books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled.

In respect of Primary accounting software used from 1 st April 2023 to 17th August 2023, there was no feature of recording the audit trail (edit log). Thereafter, the Company has upgraded to advanced version of the accounting software having feature of recording audit trail of each and every transaction, and creating an edit log of each change made along with the date when such changes were made and also audit trail cannot be disabled.

NOTE 40 : Additional disclosure with respect to amendments to Schedule III

1. The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property

2. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

4. The Company has not advanced or loaned or invested funds to any other person(s) or entity(is), 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.

5. 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

6. The Company does not have any 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).

7. The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the Companies

Act, 2013) or consortium thereof or other lender in accordance with the guidelines on wilful defaulters issued by the

Reserve Bank of India.

8. The Company has not revalued any of its Property, Plant and Equipment (including Right-of-Use Assets) during the year.

9 The Company has used the borrowings from the banks for its intended purpose during the financial year.

NOTE 41 : Prior year comparatives

Previous year’s figures have been regrouped or reclassified, to conform to the current year’s presentation wherever considered necessary.

In terms of our report of even date

For and on behalf of the Board of Directors For RK Chapawat & Co. Nidan Laboratories And Heatlhcare Limited

Chartered Accountants F. R. N. : 101708W

Tejal Jayakar Edwin Dabre

Kamlesh Chapawat Director & CFO Director

Partner DIN: 07984686 DIN: 07705632

M. No. : 181441

Kunika K Maheshwari Dr. Nitin Thorave

Company Secretary CEO

Place : Virar Place : Virar

Date : 23-05-2024 Date : 23-05-2024