2.20 Provisions, Contingent Liabilities and Contingent Assets (Ind AS 37):

The Company recognized provisions when there is present obligation as a result of past event and it is
probable that there will be an outflow of resources required to settle the obligation in respect of which a
reliable estimate can be made A disclosure for Contingent liabilities is made when there is a possible
obligation or present obligations that may, but probably will not, require an outflow of resources. These
are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates. Contingent
assets are neither recognized nor disclosed in the financial statements.

Contingent Liabilities not provided for and commitments:

2.21 Prior Period and Extraordinary and Exceptional Items:

(i) All Identifiable items of Income and Expenditure pertaining to prior period are accounted through
‘ ’Prior Period Items’ ’.

(ii) Extraordinary items are income or expenses that arise from events or transactions that are clearly
distinct from the ordinary activities of the enterprise and, therefore, are not expected to recur
frequently or regularly. The nature and the amount of each extraordinary item be separately
disclosed in the statement of profit and loss in a manner that its impact on current profit or loss can
be perceived.

(iii) Exceptional items are generally non-recurring items of income and expenses within profit or loss
from ordinary activities, which are of such, nature or incidence.

2.22 Financial Instruments (Ind AS 107 Financial Instruments: (Disclosures)

I. Financial assets:

A. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction costs that are directly
attributable to the acquisition or issue of financial assets and financial liabilities, which are not at fair
value through profit or loss, are adjusted to the fair value on initial recognition.

a) financial assets carried at amortized cost (AC)

A financial asset is measured at amortized cost if it is held within a business model whose
objective is to hold the asset in order to collect contractual cash flows and the contractual terms
of the financial asset give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.

b) financial assets at fair value through profit or loss (FVTPL)

A Financial asset which is not classified as AC or FVOCI are measured at FVTPL e.g.
investments in mutual funds. A gain or loss on a debt investment that is subsequently measured
at fair value through profit or loss is recognised in profit or loss and presented net in the Statement
of Profit and Loss within other gains/(losses) in the period in which it arises.

c) financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose Objective is
achieved by both collecting contractual cash flows and selling financial assets and the contractual
terms of the financial asset give rise on specified dates to cash flows that are solely payments of
principal and interest on the principal amount outstanding.

B. Investments in subsidiaries

The Company has accounted for its investments in subsidiaries at cost and not adjusted to fair value at the
end of each reporting period. Cost represents amount paid for acquisition of the said investments.

II. Financial Liabilities

A. Initial recognition

All financial liabilities are recognized at fair value.

B. Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade and other
payables maturing within one year from the balance sheet date, the carrying amounts approximate fair
value due to the short maturity of these instruments.

2.23 Operating Segments (Ind AS 108)

Operating segment is a component of an entity:

a. That engages in business activities from which it may earn revenues and incur expenses (including
revenues and expenses relating to transactions with other components of the same entity).

b. Whose operating results are regularly reviewed by the entity’s chief operating decision maker to
make decision about resources to be allocated to the segments and assess its performance, and

c. For which discrete financial information is available.

The company is in the business Infrastructure. Hence IND AS 108 is not applicable.

2.24 Events After the Reporting Period (Ind AS-10)

Events after the reporting period are those events, favorable and unfavorable, that occur between the end
of the reporting period and the date on which financial statements are approved by the Board of Directors
in case of accompany, and, by the corresponding approving authority in case of any other entity for issue.
Two types of events can be identified:

a. Those that provide evidence of conditions that existed at the end of the reporting period (adjusting
events after the reporting period) and

b. Those that are indicative of conditions that arose after the reporting period (non-adjusting events
after the reporting period).

An entity shall adjust the amounts recognized in its financial statements to reflect adjusting events after
the reporting period.

2.25 Construction Contracts (Ind AS -11):

Construction contract is a contract specifically negotiated for the construction of an asset or a combination
of assets that are closely interrelated or interdependent in terms of their design, technology, and function
or their ultimate purpose or use.

The company does not have any construction contracts for the year ended.

2.26 Income Taxes (Ind AS 12)

Tax Expense for the period comprises of current and deferred tax.

• Current Tax:

Current Tax on Income is determined and provided on the basis of taxable income computed in
accordance with the provisions of the Income Tax Act, 1961.

In the year in which ‘Minimum Alternative Tax ‘(MAT) on book profits is applicable and paid,
eligible MAT credit equal to the excess of MAT paid over and above the normally computed tax,
is recognized as an asset to be carried forward for set off against regular tax liability when it is
probable that future economic benefit will flow to the Company within the MAT credit Entitlement
period as specified under the provisions of Income Tax Act, 1961.

• Deferred Taxes:

Deferred tax liabilities are recognized for all timing differences. Deferred tax assets are recognized
for deductible timing differences only to the extent that there is reasonable certainty that sufficient
future taxable income will be available against which such deferred tax assets can be realized. In
situations where the Company has unabsorbed depreciation or carry forward tax losses, all deferred
tax assets are recognized only if there is virtual certainty supported by convincing evidence that
they can be realized against future taxable profits.

At each reporting date, the Company re-assesses unrecognized deferred tax assets. It recognizes
unrecognized deferred tax asset to the extent that it has become reasonably certain or virtually

certain, as the case may be, that sufficient future taxable income will be available against which
such deferred tax assets can be realized.

The carrying amount of deferred tax assets are reviewed at each reporting date. The Company writes-
down the carrying amount of deferred tax asset to the extent that it is no longer reasonably certain or
virtually certain, as the case may be, that sufficient future taxable income will be available against which
deferred tax asset can be realized. Any such write-down is reversed to the extent that it becomes
reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be
available.

2.27 Retirement and other Employee Benefits:

Retirement benefit in the form of provident fund is a defined contribution scheme. The Company has no
obligation, other than contribution payable to the provident fund. The Company recognizes contribution
payable to the provident fund scheme as expenditure, when an employee renders related service.

Gratuity liability is a defined benefit obligation and the cost of providing the benefits under this plan is
determined on the basis of actuarial valuation at each year-end. Actuarial valuation is carried out for this
plan using the projected unit credit method. Actuarial gains and losses for defined benefits plan is
recognized in full in the period in which they occur in the statement of profit and loss.

Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short term
employee benefit. The Company measures the expected cost of such absences as the additional amount
that it expects to pay as a result of the unused entitlement that has accumulated at the reporting date.

The Company treats accumulated leave expected to be carried forward beyond twelve months, as long¬
term employee benefit for measurement purposes. Such long-term compensated absences are provided
for based on the actuarial valuation using the projected unit credit method at the year-end. Actuarial
gains/losses are immediately taken to the statement of profit and loss and are not deferred. The Company
presents the leave as a current liability in the balance sheet, to the extent it does not have an unconditional
right to defer its settlement for 12 months after the reporting date.

2.28 Related Party Disclosures (Ind AS 24):

Related Party disclosures required as per Accounting Standard (Ind AS-24) on “Related Party
disclosures”.

2.29 Consolidated and Separate Financial Statement (Ind AS 27):

The company has no subsidiary companies for the current reporting period. Hence consolidate and
separate financial statement are not applicable.

2.30 Investments in Associates (Ind AS 28):

The company has not made an investment in its associate company during the reporting period. This
accounting standard has financial impact on the financial statements for the current reporting period.

2.31 Interest in Joint Ventures (Ind AS 31):

The company has no interest in any Joint ventures. This accounting standard has no financial impact on
the financial statements for the current reporting period.

2.32 Earnings Per Share (Ind AS 33):

a) Basic Earnings Per Share for (continued operations) there are no discontinued operations hence, EPS is
presented for continued operations only.

2.33 Derivative instruments and un-hedged foreign currency exposure:

a) There are no outstanding derivative contracts as at March 31, 2025 and March 31, 2024.

b) Particulars of Un-hedged foreign currency exposure is: Nil

2.34 Confirmation of Balances

Confirmation letters have been issued by the company to Trade Receivables, Trade Payables, Advances
to suppliers and others advances requesting that the confirming party responds to the company only if the

2.38 Details of Loans given, Investments made and Guarantee given covered Under Section 186(4) of the
Companies Act, 2013.

The company has not extended any Corporate Guarantees in respect of loans availed by any company/firm
as at March 31, 2025.

2.39 Dues to Micro Small and Medium Enterprises:

Disclosure required as per section 22 of the Micro, Small and Medium Enterprise Development Act, 2006
(MSMED Act.) as at 31.03.2023.

The information has been given in respect of such vendors to the extent they could be identified as micro
and small enterprises on the basis of information available with company.

2.40 Financial Risk Management

In course of its business, the company is exposed to certain financial risk such as market risk (Including
currency risk and other price risks), credit risk and liquidity risk that could have significant influence on
the company’s business and operational/financial performance. The Board of directors reviews and
approves risk management framework and policies for managing these risks and monitor suitable
mitigating actions taken by the management to minimize potential adverse effects and achieve greater
predictability to earnings.

2.41 Credit Risk

Credit risk refers to the risk that counterparty will default on its contractual obligations resulting in
financial loss to the company. The company has adopted a policy of only dealing with creditworthy
counterparties and obtaining sufficient collateral, where appropriate, a means of mitigating the risk of
financial loss from defaults.

The company makes an allowance for doubtful debts/advances using expected credit loss model.

2.42 Liquidity risk

Liquidity risk refers to the risk that the company cannot meet its financial obligations. The objective of
liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as
pre requirements. The Company’s exposure to liquidity risk is minimal as the promoters of the company
is infusing the funds based on the requirements.

2.43 Rupees have been rounded off to nearest lakhs.

For Pundarikashyam & Associates For and on behalf of

Chartered Accountants CURA TECHNOLOGIES LIMITED

Firm Regn. No.011330S

B. Surya Prakasa Rao Sangareddypeta Saikiran Sanjana Lagumavarapu

Partner Whole-time Director and CFO Managing Director

Membership No. 205125 DIN: 09741325 DIN: 09440632

Place: Hyderabad

Date: 30-05-2025 Sharvari Shinde

UDIN: 25205125BMHZOM1557 Company Secretary and Compliance Officer