(iii) The Company has only one class of Equity Shares having a par value of INR 2 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend, which is approved by Board of Directors.

Notes forming part of the Statement of Change in Equity

(iv) The description of the nature and purpose of each reserve within other equity is as follows:

(a) "Capital reseve: The Company has not transferred any amount to the Capital reserves for the year ended 31st March, 2025

(b) Capital redemption reserve:The Company has not transferred any amount to the Capital redemption reserves for the year ended 31st March, 2025

(c) Securities premium account: Securities premium account represents the premium received on issue of shares over and above the face value of equity shares. The account is available for utilisation in accordance with the provisions of the Companies Act, 2013.

(d) General Reserve: The Company has not transferred any amount to the reserves for the year ended 31st March, 2025

(e) Retained earnings: During the financial year Retained earnings represents surplus/accumulated earnings of the Company and are available for distribution to shareholders.

14 Status of Implementation of Approved Resolution Plan passed by the Hon’ble NCLT

14.1 The resolution plan was duly implemented by the company and the company has also filed the closure report before the Hon'ble NCLT, New Delhi Bench, the clsoure report was taken on record by the Hon'ble NCLT, New Delhi bench on 18th November 2022

14.2 Arbitration notice served to RUDSICO, local self-government Department to invoke Arbitration as on 06.03.2023 for non-payment and termination of “Smart Rajasthan” contract for Rs. 35.28 Cr. Presently the matter is pending before Hon'ble High court of Jaipur for appointmenotf Arbitrator as per the terms of contract.

14.3 The Company filed application U/S 9 of Insolvency & Bankruptcy Code, 2016 against Linkwell Telesystems Pvt Itd for O/S amount of Rs 7.90 Crore which was rejected by Hon'ble NCLT, Hyderabad Bench. Appeal against the order of Hon'ble NCLT has been filed and the same is pending before Hon'ble NCLAT

14.4 The Company has initiated the arbitration proceeding for claim of ?. 395 Crores ( appx) against Minosha India Limited (Formerly Knowns as RICOH India Limited) for various project executed joinlty. Sole Arbitrator is appointed and the matter is pending before Hon'ble Arbitrator.

16 Fair Value ofAssets and Liabilities

In the opinion of the company and to the best of their knowledge and belief, the value of realization of current assets, loans and advances in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet except as shown doubtful and provision for all known liabilities, expenses and income have been made in the accounts unless stated otherwise in the notes.

17 Disclosures relating to "Employee Benefits":

a. Defined contribution plans

The Company's employee provident fund scheme is a defined contribution plans. A sum of Rs. 4,73,693/- (Previous Year Rs. 1,37,732/- ) has been recognized as an expense in relation to the scheme and shown under Employee Benefit Expenses in the Statement of Profit and Loss.

b. Defined Benefit plans:

The Company has no defined benefit plans to make provisions for employee benefits in accordance with the Ind AS 24 "Employee Benefits".

19 Segment Reporting:

The Company is mainly engaged in IT goods & IT Services and paymnet aggregation buisness. These, in context of Indian Accounting Standard on Segment Reporting, as specified in the Companies (Accounting Standard) Rules, 2014, are considered to constitute one single primary segment. Hence, segment reporting is not required.

20 The Company have office premises on Rent basis. Lease Rents charged to Statement of Profit & Loss ? 20,98,414 /- (Previous Year ? 17,71,000/-). Since the leave & license are cancellable in nature, other disclosures as required by Ind AS-116 are not applicable

21 The Company has written off certain old tender deposits given as Ernest Money Deposits against various contracts which were terminated due to Insolvency and also written off certain old receivables which are no more recoverable.

*Note: Arbitration proceedings in respect of certain receivables are pending on the balance sheet date. Therefore, though the claim of the company are not admitted by the other party, the same have been considered good and effect in the accounts would be given on receipt of Abritral award or as management decide.

28 Relationship with struck off Companies

During the Year The Company has not entered any transactions with companies which are struck off under section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.

29 Compliance with number of layer of Companies

During the Year The Company has not made any investment in any company and therefore, conditions specified under clause (87) of Section 2 of The Companies Act, 2013 with the Companies (Restriction on number of layers) Rules, 2017 are not applicable in the year under consideration.

30 Proceedings against the Company under Prohibition of Benami Property Transactions Act, 1988

There are no proceedings initiated or are pending against the Company for holding any benami property under the Prohibition of Benami Property T ransactions Act, 1988 and rules made thereunder31 Details of Benami Property held

The Company does not held any benami property as mentioned under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

32 Wilful Defaulter

The Company has not been declared wilful defaulter by any Bank or Financial institution or any other lender.

33 Undisclosed Income

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.

34 "Registration of charges or satisfaction with Registrar of Companies

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

35 Details of Crypto Currency or Virtual Currency

The Company has neither traded nor invested in crypto currency or virtual currency during the financial year.

36 Previous year figures are regrouped or reclassified or rearranged as necessary.