11. Provisions, Contingent Liabilities & Contingent Assets: A provision is recognized when the company has a present obligation as a result of past event, it is probable that an outflow of resources embodying benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events, and it is probable that there will be an outflow of resources. Where no reliable estimate can be made, a disclosure is made as Contingent Liability. A disclosure for contingent liability is also made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Contingent Assets are neither recognized nor disclosed in the financial statements. When there is a possible or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

AS PER OUR REPORT ON EVEN DATE FOR QMS MEDICAL ALLIED SERVICES LTD

FOR P.V. DALAL & CO CHARTERED ACCOUNTANTS FRN: 102049W

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PARESH V DALAL MAHESH MAKHIJA GUDDI MAKHIJA

(PROPRIETOR) (MANGING DIRECTOR) (DIRECTOR)

Membership No: 033355 DIN: 02700606 DIN: 08837871

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PLACE: MUMBAI

DATE: 23.05.2024 TORAL BHADRA SEJAL MHATRE

(COMPANY SECRETARY) (CFO)

MEM NO: A56927