g. Provisions, contingent liabilities and Contingent assets:

The Company recognises a provision when there is present obligation as a result of a past event that probably
requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure
for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably
will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of
which the likelihood of outflow of resources is remote, no provision or disclosure is made.

A contingent liability exists when there is a possible but not probable obligation that may, but probably will not,
require an outflow of resources, or a present obligation whose amount cannot be estimated reliably. Contingent
liabilities do not warrant provisions but are disclosed unless the possibility of outflow of resources is remote.
Contingent assets are neither recognised nor disclosed in the Standalone financial statements. However, contingent
assets are assessed continually and if it is virtually certain that inflow of economic benefits will arise, the asset and
related income are recognised in the period in which the charge occur.

h. Foreign Currency Transactions:

Transactions in foreign currency are recorded at the original rates of exchange in force at the time transactions are
effected. Foreign currency denominated assets and liabilities are reported as follows:

- Monetary items are translated into rupees at the exchange rates prevailing at the balance sheet date. Non¬
Monetary items are carried at their historical rupee value.

- Any gain or loss on account of exchange difference either on settlement or on restatement is recognized in the
Profit and Loss account.

i. Accounting for Taxes on Income:

Current Tax: Provision for current tax is made after taken into consideration benefits admissible under the
provisions of the Income Tax Act, 1961.

Deferred Tax: Deferred Income Tax is provided using the liability method on all temporary difference at the balance
sheet date between the tax basis of assets and liabilities and their carrying amount for financial reporting purposes.

1. Deferred Tax Assets are recognized for all deductible temporary differences to the extent that it is probable that
taxable profit will be available in the future against which this item can be utilized.

2. Deferred Tax Assets and liabilities are measured at the tax rates that are expected to apply to the period when
the assets are realized or the liability is settled, based on tax rates (and the tax) that have been enacted or
enacted subsequent to the balance sheet date.

j. Earnings per share:

The basic earnings per share is computed by dividing the net loss / profit attributable to the equity shareholders for
the year by the weighted average number of equities shares outstanding during the reporting year.

Diluted earnings per share adjusted the figures used in the determination of basic earnings per share to take into
account after tax effect of interest and other financing cost associated with dilutive potential equity shares and the
weighted average number of additional equity shares that would have been outstanding assuming the conversion
of all dilutive potential equity shares.

a) Additional Notes:

1. The company has only one class of equity shares having a par value of ?10 per share. Each holder of equity
share is entitled to one vote per share.

2. In the event of liquidation of the company, the holder of equity shares will be entitled to receive remaining assets
of the company, After distribution of all preferential allotment.

3. Authorised capital of the Company was increased to ? 1000.00 Lakhs during FY 2023-24 which was further
increased to ? 1100.00 Lakhs till March 31,2025.

4. During the FY 2023-24, company has issued Equity Shares on Preferential Basis by passing the Special
Resolution at the Extra Ordinary Annual General Meeting held on July 25, 2023 and approved the allotment of
4745 Equity Shares of face value of ? 10.00 each at a price of ? 4,742/- per Equity Share (including premium
of ? 4,732/- per Equity Shares).

5. During the FY 2023-24, company has issued Equity Shares on Preferential Basis by passing the Special
Resolution at the Extra Ordinary Annual General Meeting held on September 11, 2023 and approved the
allotment of 1222 Equity Shares of face value of ? 10.00 each at a price of ? 4,742/- per Equity Share (including
premium of ? 4,732/- per Equity Shares).

6. During the FY 2023-24, company has issued Bonus Shares by passing the Special Resolution at the Annual
General Meeting held on Saturday, September 30, 2023 and approved the Bonus Shares in the Ration of 94:1
(94 Bonus Shares of ? 10.00 each for every 1 Existing Equity Shares of ? 10.00 each fully paid up).

Total Bonus Shares issued during the year are 7284060 fully paid up shares of ? 10.00 each, against the existing
77490 equity shares of ? 10.00 each as on the record date of October 6, 2023 by utilizing of Security Premium
Reserve of ? 523.31/- Lakhs and Free Reserve of ? 205.10/- Lakhs.

i. ) The company does not have any Benami property, where any proceeding has been initiated or pending against

the company for holding any Benami property.

ii. ) The quarterly returns and statement of current assets filled by the company with Banks are generally in

agreement with the books of account.

iii. ) The company have not traded or invested in Crypto currency or Virtual Currency during the period/year.

iv. ) The company have not advanced or loaned or invested funds to any other person(s) or entity (ies), 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.

v. ) The company have 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,

vi. ) The company has no such 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.

vii. ) The company is not declared as wilful defaulter by any bank or financial Institution or other lender.

viii. )There is no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237of
the Companies Act, 2013.

The benefits payable under this plan are governed by "Gratuity Act 1972". Under the Act, employee who has
completed five years of service is entitled to specific benefit. The level of benefit provided depends on the member's
length of services and salary at retirement age.

The following table summarizes the components of net benefit expense recognized in the summary statement of
profit or loss and the funded status and amounts recognized in the statement of assets and liabilities for the
respective plans:

1. Details of crypto currency or virtual currency

The Company has neither traded nor invested in Crypto currency or Virtual Currency during year ended March
31,2025 & 2024. Further, the Company has also not received any deposits or advances from any person for
the purpose of trading or investing in Crypto Currency or Virtual Currency.

2. Undisclosed income

During the Period, the Company has not surrendered or disclosed as income any transactions not recorded in
the books of accounts in the course of tax assessments under the Income Tax Act, 1961 (such as, search or
survey or any other relevant provisions of the Income Tax Act, 1961)

3. Relationship with struck off companies

The Company does not have any transactions with the companies struck off under section 248 of the Companies
Act, 2013 or section 560 of the Companies Act, 1956 during the year ended March 31,2025 & 2024.

4. Compliance with numbers of layers of companies

The Company is in compliance with the number of layers of companies in accordance with clause 87 of Section
2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017 during the year ended
March 31,2025 & 2024.

5. The Company has not been declared Wilful Defaulter by any bank or financial institution or government or any
government authority.

6. No proceeding have been initiated nor pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

7. Audit Trail:

The Company uses an accounting software for maintaining its books of account which has a feature of recording
audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded
in the accounting software. The Company uses Tally accounting software for financial reporting. While the audit
trail (edit log) feature is available and enabled in accordance with the requirements notified under the
Companies (Accounts) Rules, 2014, it is noted that certain direct changes to data made through administrative
or higher privilege access may not be captured in the audit trail logs in earlier periods.

Note No. 35. Changes in the Significant Accounting Policies:

There have been no changes in the accounting policies of the company for the period covered under Financial Year
2025. However, there is a change in accounting policy for materiality policy and capitalization of Intangible Assets
under Development since FY 2023-24.

Terms and Conditions of transactions with related parties:

1. Transactions with Related Parties are shown net of taxes.

2. The Company’s material related party transactions and outstanding balances are with related parties with whom
the Company routinely enters into transactions in the ordinary course of business and at arm's length basis.

In terms of our attached report of even date For IDENTIXWEB LIMITED

For Shah Teelani & Associates

Chartered Accountants -- sd -- -- sd --

FRN: 0133549W

Ankur Lakhani Priyankkumar Savani

-- sd -- Whole-Time Director Chairman and Managing Director

DIN: 08562760 DIN: 08562699

Jinesh Nemish Shah

(PARTNER) -- sd -- -- sd -¬

M. No:141079

UDIN: 25141079BMHXXE2535 Pooja Rajat Shah Abhishek Nakrani

Company Secretary Chief Financial Officer

Place: Ahmedabad

Date: 06/07/2025 Place: Surat Date: 30/05/2025