2.10 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provision involving substantial degree of estimation in measurement is 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. Contingent
liabilities are not recognized but are disclosed in the notes. Contingent assets are neither recognized nor
disclosed in the financial statements.

2.11 REVENUE RECOGNITION

Revenue is primarily recognised from IT services rendered on Time and Material contract basis. Revenue from
fixed price contracts is recognised using the proportionate completion method, which is detemined relating
the actual project cost of work performed to date to the estimated total project cost for each period.

2.12 OTHER INCOME

Interest Income on fixed deposit is recognized on time proportion basis. Other Income is accounted for when
right to receive such income is established.

2.13 TAXES ON INCOME

Income taxes are accounted for in accordance with Accounting Standard (AS-22) - "Accounting for taxes on
income", notified under Companies (Accounting Standards) Rules, 2021. Income tax comprises of both current
and deferred tax.

Current tax is measured on the basis of estimated taxable income and tax credits computed in accordance
with the provisions of the Income Tax Act, 1961.

The tax effect of the timing differences that result between taxable income and accounting income and are
capable of reversal in one or more subsequent periods are recorded as a deferred tax asset or deferred tax
liability. They are measured using substantially enacted tax rates and tax regulations as of the Balance Sheet
date.

Deferred tax assets arising mainly on account of brought forward losses and unabsorbed depreciation under
tax laws, are recognized, only if there is virtual certainty of its realization, supported by convincing evidence.
Deferred tax assets on account of other timing differences are recognized only to the extent there is a
reasonable certainty of its realization.

2.14 CASH AND BANK BALANCES

Cash and cash equivalents comprises Cash-in-hand, Current Accounts, Fixed Deposits with banks. Cash
equivalents are short-term balances (with an original maturity of three months or less from the date of
acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are
subject to insignificant risk of changes in value. Other Bank Balances are short-term balance ( with original
maturity is more than three months but less than twelve months).

2.15 EARNINGS PER SHARE

Basic earning per share is computed by dividing the profit/ (loss) after tax (including the post tax effect of
extraordinary items, if any) by the weighted average number of equity share outstanding during the year.
Diluted earning per share is computed by dividing the profit/ (loss) after tax (including the post tax effect of
extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income (net of
any attributable taxes) relating to the dilutive potential equity shares, by the weighted average number of
equity shares which could have been issued on the conversion of all dilutive potential equity shares.

2.16 EMPLOYEE BENEFITS

Defined Contribution Plan:

Contributions payable to the recognised provident fund, which is a defined contribution scheme, are charged
to the statement of profit and loss.

Defined Benefit Plan:

The Company has an obligation towards gratuity, a defined benefit retirement plan covering eligible
employees. The plan provides for lump sum payment to vested employees at retirement, death while in
employment or on termination of employment of an amount equivalent to 15 days salary payable for each
completed year of service without any monetary limit. Vesting occurs upon completion of five years of
service. Provision for gratuity has been made in the books as per actuarial valuation done as at the end of the
year.

The Company has an obligation towards leave encashment. The Company has a leave policy of
accumulating maxinum 8 leaves per year including accumulated leaves for previous years. Therefore, liability
related to leave encashment are recognised as current liabilities and hence, it is recorded based on the
liability as computed by the management.

2.17 SEGMENT REPORTING

The accounting policies adopted for segment reporting are in line with the accounting policies of the
Company. Segment revenue, segment expenses, segment assets and segment liabilities have been identified
to segments on the basis of their relationship to the operating activities of the segment. Inter-segment
revenue is accounted on the basis of transactions which are primarily determined based on market / fair
value factors. Revenue and expenses have been identified to segments on the basis of their relationship to
the operating activities of the segment.

Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to
segments on reasonable basis have been included under "unallocated revenue / expenses / assets /
liabilities".

Note:

1) Terms/Rights attached to Equity Shares: The company has only one class of Equity Shares having a par value of 110/- per share. Each
holder of Equity share is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity share will be entitled
to receive remaining Assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number
of equity shares held by the Share holders.

2) The equity shares are not repayable except in the case of a buy back, reduction of capital or winding up in terms of the provisions of the
Companies Act, 2013.

3) Every member of the company holding equity shares has a right to attend the General Meeting of the Company and has a right to speak
and on a show of hands, has one vote if he is present in person and on a poll shall have the right to vote in proportion to his share of the
paid-up capital of the company.

Note : Based on the information available with the Company, there are no dues to Small and Micro enterprises as
required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006. The information
regarding Micro and Small enterprises has been determined to the extent such parties have been identified on the basis
of information available with the Company.

35. ADDITIONAL REGULATORY INFORMATION AS PER PARA Y OF SCHEDULE III TO COMPANIESACT, 2013:

i. The Company does not have any immovable property (other than properties where the Company is the lessee and
the lease agreements are duly executed in favour of the lessee)whose title deeds are not held in the name of the
company.

ii. The Company has not revalued its Property, Plant and Equipment.

iii. The Company has not granted loans or advances in the nature of loans are granted to promoters, Directors, KMPs
and the related parties(as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment

iv. The Company does not have any capital work-in-progress.

v. The Company does not have any intangible assets under development.

vi. No proceedings have been initiated or pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

vii. The Company has no borrowings from banks or financial institutions on the basis of security of current assets. Hence,
such disclosure is not applicable.

viii. The company is not declared as wilful defaulter by any bank or financial institution or other lender.

ix. The company does not have any transactions with companies struck off under section248 of the Companies Act, 2013
or section 560 of Companies Act, 1956.

x. There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

xi. The company has investments and compliance with the number of layers prescribed under clause (87) of section2 of
the Act read with Companies (Restriction on number of Layers) Rules, 2017 is complied with.

(a) Current Ratio : Ratio is increased mainly due to increase in current assets during the year.

(b) Return on Equity Ratio : Ratio is decreased mainly due to increase in reserves & surplus during the year.

(c) Net capital turnover ratio : Ratio is decreased mainly due to increase in reserves & surplus during the year.

(d) Return on capital employed : Ratio is decreased mainly due to increase in reserves & surplus during the year.

xv. The Company does not have undisclosed income during the period covered 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).

xvi. The Company does not have any scheme of arrangements which has been approved by the Competent Authority in
terms of sections 230 to 237 of the Companies Act, 2013.

xvi. A. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other
sources or kind of funds) by the Company to or in any other persons or entities, including foreign entities
("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly
or indirectly lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or
on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

B. No funds have been received by the Company from any persons or entities, including foreign entities ("Funding
Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly,
lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of
the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

36. Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with the current year’s
classification / disclosure. The figures have also been rounded off and presented the amounts in Lacs.

Signatures to Notes forming part of the financial statements
For and on behalf of the Board of Directors

Mukul Gupta Vipul Gupta Sanket Harlalka Sikha Banka

(Managing Director) (Director) (CFO) (Company Secretary)

DIN - 05298689 DIN - 05298174

Place: Kolkata
Date:14-05-2025