o. Provision

A provision is recognized when the Company has a present obligation as a result of past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

p. Contingent liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation.

A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. The Company does not recognize a contingent liability but discloses its existence in the financial statements.

q. Cash flow Statement

Cash flow is reported using the indirect method, whereby profit / (loss) before tax is adjusted for the effects of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, investing and financing activities of the Company are segregated based on the available information.

30. Employee Benefits

Gratuity is payable to all eligible employees of the Company on resignation, retirement, death or permanent disablement, in terms of the provisions of the Payment of Gratuity Act. The liability for gratuity as at 31 March, 2024 is INR 10,717/- thousands (as at 31 March, 2023 INR 10,172/- thousands) and the charge for the year ended 31 March, 2024 is INR 3,850/- thousands (as at 31 March, 2023 INR 1,140/- thousands) shown under "Gratuity expenses" in the Profit and Loss Account.

The Company provides for gratuity using the Projected Unit Credit method with actuarial valuations being carried out at each balance sheet date, based on legislation as enacted up to the balance sheet date. Actuarial gains and losses are recognised in full in the statement of profit and loss in the period in which they occur. Past service cost is recognised immediately to the extent that the benefits are already vested.

The following table sets out the status of the gratuity plan as required by Accounting Standard - 15 on employee benefits:

The amount has been donated to VEGA Schools registered under Section 12A of the Income Tax Act, 1961 for the purpose of education. Also the funds have been utilized for the project Vega Schools 76 Campus as per the terms & Conditions followed by the requirement of the law.

35. Since the company has not declared wilful defaulter by bank or financial Institution or other lender.

36. The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of layers) Rules, 2017.

37. There is no scheme of arrangements required to be approved by the competent authority in terms of sections 230 to 237 of the Companies Act, 2013.

38. The Company has not traded or invested in crypto currency or virtual currency during the financial year.

39. The company does not have any undisclosed income which has been disclosed under the Income Tax Act, 1961.

40. Previous Years figures

Previous year figures have been regrouped / reclassified, where necessary to conform to this year's classification.

All figures are given in Financial Statement in thousands unless otherwise stated.

41. Title deeds of immovable properties

The Company does not have any immovable property. Accordingly this clause is not applicable, further the company has lease arrangement as lessee and such leases are duly executed in favour of the company.

42. The Company has not revalued property, plant and equipment during the year ended 31^st March, 2024.

43. The Company does not have any Benami Property, where any proceeding has been initiated or pending against the group for

holding any Benami Property.

44. The Company have not advanced or loaned or invested funds to any other person(s) oe 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.

45. The company has 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 group 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.

46. For the year ended 31^st March, 2022, the company has completed its initial public offer (IPO) and offer for Sale (OFS) of 27,72,000 shares of Face Value of INR10/- each at an issue price of INR 114/- (inclusive of security premium of Rs. 104/-) per share. The equity shares of the company were allotted as on 30^th March, 2022 and the same were listed on NSE EMERGE w.e.f. 4^th April, 2022. Details of Funds received from IPO and its utilization as on the Blance sheet date is as given below-

Net un-utilized balances of net proceeds from initial public offer (IPO) and offer for sale (OFS) as at 31-03-2024 were temporarily invested in deposits with the scheduled banks.

47. Since the company does not have any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

48. The Indian Parliament has approved the code of social security 2020 which would impact the contributions by the company towards provident fund and gratuity. The Ministry of labour and employment has released draft rules for the code of social security, 2020 on November 13, 2020 and has invited suggestions from the stakeholders which are under active consideration by the Ministry. The Company will access the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the period in which, the code becomes effective and the related rules to determine the financial impact.

49. Events occurring after balance sheet date

The Company has evaluated all events or transactions that occurred after 31^st March,2024 up to the date of signing of the Audit Report based on this evaluation, the company is not aware of any events or transactions that would require recognition or disclosure in the financial statements.

For Singhi Chugh & Kumar For and on behalf of the board of directors of

Chartered Accountants P. E. Analytics Limited

FRN:013613N

SD/- SD/- SD/-

Harsh Kumar (Partner) Samir Jasuja Vaishali Jasuja

Membership No.: 088123 Managing Director Director

Place: New Delhi DIN : 01681776 DIN : 01681830

Date: 10-05-2024

SD/- SD/-

Dheeraj Kumar Tandon Nadeem Arshad

Chief Financial Officer Company Secretary