13. CONTINGENT LiABiLiTiES AND PROViSiONS

Provisions are recognized only when there is a present obligation as a result of past events and when
a reliable estimate of the amount of obligation can be made.

Contingent Liability is disclosed for

a) Possible obligation which will be confirmed only by future events not wholly within the control of
the Company or

b) Present obligations arising from the past events where it is not probable that an outflow of
resources will be required to settle the obligation or a reliable estimate of the amount of the
obligation cannot be made.

c) 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. Where there is a
possible obligation or a present obligation that the likelihood of outflow of resources is remote,
no provision or disclosure is made.

Contingent Assets are not recognized in the financial statements since this may result in the recognition
of income that may never be realized.

14. Earnings pER Share:

The basic earnings per share is computed by dividing the net profit attributable to owners of the
Company for the reporting years by the weighted average number of equity shares outstanding during
the reporting years.

The number of shares used in computing diluted earnings per share comprises the weighted average
shares considered for deriving basic earnings per share and all dilutive potential equity shares.

There are no potential dilutive instruments issued by the Company, therefore Weighted average number
of Equity shares for Basic and Dilutive remain same during the reporting years.

EPS has been calculated to show the Impact of Extra ordinary items wherever required.

Adjustment of Bonus issue is given retrospectively as if it happened in the beginning of the previous
year.

15. cASH Flow:

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects
of transactions of non-cash nature, any deferrals or accruals of past or future operating cash receipts
or payments and item of income or expenses associated with investing or financing cash flows. Cash
flows from operating, investing and financing activities of the Company are segregated, accordingly.

b. Terms/rights attached to equity shares

(i) The company has only one class of equity shares having a face value of Rs. 10 per share. Each holder
of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian
rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders
in the ensuing Annual General Meeting, if any.

(ii) In the event of liquidation of the company, the holders of equity shares 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 shareholders.

c. Further Disclosure of Share Capital issued in Five Year immediately preceding the latest financial i.e. FY 24-25.

(i) From FY 2019-20 to FY 2023-24, no bonus shares issued by the company.

(ii) From FY 2019-20 to FY 2023-24, no buyback of equity shares done by the company except 25,333/-
equity shares in FY 2021-22.

(iii) From FY 2019-20 to FY 2023-24, no equity shares issued pursuant to a contract without payment being
received in cash.

d. During the FY 2024-25, The company issued 1,68,69,600 fully paid Equity shares as Bonus on 22th November,

2024 to existing shareholder in the ratio of 22:1.

4a) Terms of repayment, interest Rate Etc of Secured Loans:-

1) Company has Repaid CAR loan of ICICI Bank on 21st October, 2024, having Outstanding Balance of Rs.
In thousand- NIL (P. Y. 3264.02 thousand) at the Rate of 7.42%.

2) Company has repaid Bank of Baroda- Jeep loan through preclosre on 25th February, 2025, Rs.
Sanction limit in thousand- 5000 at the Rate of 8.70%. Outstanding Balance of Rs. In thousand- NIL (P.
Y. 4448.67)

3) Company has taken commercial property loan from ICICI Bank of Rs. 33,447.07 Thousand which
sanction limit is 50,000 (In Thousands) for non residential property at the rate of Repo rate 3.50% i.e.
(6.00% 3.50%=9.50%). Repayment of such loan is in EMI's of Rs. 349.26 Thousand per month starting
from 15th September, 2024 to ending on 15th August 2039 secured by against property Unit no 911,
9th Floor, MINT Sahar, Andheri - kurla Road, Andheri East, Mumbai

Company has availed Overdraft Facility from ICICI Bank. Total Sanctioned Limit Fund Based is Rs. 3000.00 (in
Thousands), and rate of Interest is REPO 2.60%. The Credit Facility is primarily secured by Hypothication Books
debts and Stock. The Credit facility is having Following Collateral Securities as under:

1. Unit No 505, Admeasuring 1507 Sq Feet carpet Area, Fifth Floor, Ackruti Star, Central Raod, MIDC Road,
Andheri East, Mumbai.

2. Unit No 118 and 119, Admeasuring 440 Sq feet each Sq Feet carpet Area, first Floor, Ackruti Star, Central
Raod, MIDC Road, Andheri East, Mumbai.

3. Flat No. 2102/21- C,Rustomjee Seasons CHS, Opp. Jade Garden, Nanasaheb Dharmadhikari Marg, MIG
Colony, Mumbai- 400051

4. Flat No. A503 & A504, plot no.D1, Centrum Business Square, Wagle Estate, Thane- Maharashtra-400604 .
Overdraft & Bill Discounting facility is secured further by way of Personal Guarantee of Promoter Mr Venu
Gopal Peruri.

Note 8.1 : Steps have been taken to identify the suppliers who qualify under the definition of micro and small
enterprises, as defined under the Micro, Small and Medium Enterprises Development Act 2006. Disclosures have
been made to the extent of the information received from suppliers. In the opinion of the management, the impact
of interest, if any, that may be payable in accordance with the provisions of the Act, is not expected to be material.

Note 8.2 : Ageing of the Supplier, alogwith any amount involved in disputes as required by Schedule III of
Companies Act, 2013 is disclosed in Annexure after it becomes due for payment. In case of no credit terms
defined the break-up of agewise supplier balance is given consiering from the date of transactions.

16.1 Trade Receivable is subject to confirmation and reconciliation and consequent adjustment thereof, if any

16.2 Provision for doubtful debts: Periodically, the Company evaluates all customer dues to the Company for
collectability. The need for provisions is assessed based on various factors including collectability of specific dues
,risk perceptions of the industry in which the customer operates general economic factors, which could affect the
customers ability to settle. The Company normally provides for debtor where ascertained of recoverability is very
less. The Company pursues the recovery of the dues, in part or full.

16.3 Ageing of the Customer, alogwith any amount involved in disputes as required by Schedule III of Companies
Act, 2013 is disclosed in Annexure

33 DISCLOSURES AS REQUIRED BY ACCOUNTING STANDARD (AS) 15 EMPLOYEE BENEFITS (REVISED)
a. Defined Contribution Plan:

The Company has certain defined contribution plans viz. provident fund , ESIC. Contributions are made
to provident fund in India. for employees at the specific rate of basic salary as per regulations.

The contributions are made to registered provident fund administered by the government.

The obligation of the Company is limited to the amount contributed and it has no further
contractual nor any constructive obligation.

An amount of Rs 3031 Thousand (P.Y. Rs 1350 Thousand) is recognised as an Employer PF expenses
and included in employee benefit expense in Restated Statement of Profit and Loss account for the FY
2024-25 and 2023-24 respectively.

An amount of Rs 87 Thousand, Rs 82 Thousand is recognised as an Employer ESIC expenses and
included in employee benefit expense in Restated Statement of Profit and Loss account for the FY
2024-25 and 2023-24 respectively.

b. Defined Benefit Plan

The Gratuity scheme is a final salary defined benefit plan that provides for a lump sum payment made
on exit either by way of retirement, death, disability or voluntary withdrawal. The benefits are defined on
the basis of final salary and the period of service and paid as lump sum at exit. Benefits provided under
this plan is as per the requirement of the Payment of Gratuity Act, 1972. The scheme is unfunded.
The disclosures required under AS 15(revised) "Employee Benefits" notified in the Companies (Indian
Accounting Standards) Rules, 2015 are as given in Annexure-A

34 During the period of restatement, The Company has not traded or invested in Crypto Currency or Virtual
Currency during the year.

35 Disclosure with regard to variance between quarterly stock and book debt statement/Returns submitted to
Bank, vis-a -vis books of accounts is not applicable as there is no material unexplained deviation.

36 Prior Period items:

During the FY 2024-25, Company has reversed the Interest Income recognition to the tune of 2295.929 (Rs
in Thousands) . Management is of the opinion that since the Loan itself is written off in FY 24-25, therefore
prior period income of 2295.929 (Rs in Thousands) also reversed. In Previous year ended March 31, 2024,
Gratuity of 4647.03 (Rs in Thousands) pertaining to period till FY 2022-23 has been accounted as prior
period expenses.

37 Extra Ordinary items:

During the FY 2024-25, Company has written off one Inter Corporate loan balance of Rs 22959.29 (in
thousands) which is aged more than 6 years, therefore being non recurring nature and not an ordinary
activity of the Company, It has been disclosed as Extra Ordinary Item in Statement of Profit and Loss in
accordance with AS - 5 "Net Profit or Loss for the Period, Prior Period Items and Changes in Accounting
Policies".

38 There is NIL (P.Y. 4716.22Thousand) capital work in progress as on the end of FY 24-25, it disclosed as per
Schedule III of Companies Act, 2013.

39 During the FY 2024-25 , there is no proceeding initated or pending against the company for holding any
Benami Property as per the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made
thereunder, therfore no disclosure as required by schedule III is given.

40 During the year or as on the end of year March 31, 2025 , the Company has not been declared as willful
defaulter.

41 Various Financial Ratio, alongwith details of Numerator and denominator etc has been disclosed in Annexure
B attached

42 As on date, there is no outstanding loan against which charge creation is pending and there is no loan which
has been paid but satisfaction is pending at MCA portal.

43 Interest on loans and advances are accounted on mercantile basis, However company do not charge Interest
on loan given to employees as per its HR Policy. Related party transaction is as per the attachment.

44 Related party and transactions with them has been disclosed in Annexure C attached

45 The company has not advanced or loaned or invested funds to any other person(s) or entity(is), including
foreign entities(intermediaries), with the understanding that the intermediary shall;

i. 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

ii. Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

46 The Company has not received any funds 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;

i. 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

ii. Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

47 The Company does not have any transactions which is not recorded in the books of accounts but 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)

48 The Company's primary business includes Trading into Software products/licenses and rendering of services
providing IT solutions and accordingly segment disclosure has been disclosed in Annexure D

49 The title deeds of all immovable properties are held in the name of the Company. Accordingly, there are no
Immovable Properties which were not held in name of the Company as on 31st March, 2025.

50 During the FY 2024-25, The Company has not traded or invested in Crypto Currency or Virtual Currency
during the year.

51 Additional liabilities, if any, arising pursuant to respective assessment year under various fiscal statutes,
shall be accounted for in the year of assessment.

52 Figures have been rounded off to the multiple of thousands. Previous year's figures have been regrouped,
recast and rearranged wherever necessary to make them comparable with the current period's figures.

As per our report of even date For and on behalf of the board of directors

For R K Jagetiya & Co. ^Meta Infotech Limited

Chartered Accountants
icAi F.R.No. 146264w

cA ravi K Jagetiya venu Gopal peruri mohd laeek Golandaz

proprietor Director Director

M.No.: 134691 DIN - 01179369 DIN No.: 07937438

Date:- 13th June, 2025 mrs Komal Toshniwal paresh Sureshchandra Soni

Place:- Mumbai (CS) (CFO)

UDIN: 25134691BMGTCT1350 Membership No.A53364 PAN -: ANPPS1028Q