n) Provisions and Contingencies

Provisions involving a substantial degree of estimation in measurement are 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 financial statements. Contingent assets are neither recognized nor disclosed in the financial statements.

o) Earning Per share

The earnings considered in ascertaining the Company's Earnings per share (EPS) comprise of the Net Profit / Loss after tax. The
numbei of shares used for computing tire basic EPS is the weighted average number of shares outstanding during the year.

Dilutive potential equity shares are deemed to have been converted as of the beginning of the year, unless they have been issued
at a later date. The number of shares used in computing diluted EPS comprises of weighted average number of shares
considered for deriving basic EPS, and also the weighted average number of equity shares which could have been issued to the
conversion of all dilutive potential equity shares where applicable.

3.5 Terms/Rights attached to Equity shares

As per records of the Company including it's register of shareholder/members and other declarations received from shareholder
regarding beneficial interest the above shareholding represent both legal and beneficial ownership of shares.

The Company has only one class of equity shares having par value of IhJR 10 por share. KocK holder of equity shares is entitled to one

voteper share. The dividends any proposed by the Board of Directors is subject to theapproval of the shareholders in the ensuing Annual
General Meeting.

During the year ended 31 March 2025, the amount of per share dividend recognized as distributions to equity shareholders was Nilf31
March 2024: Nil). ^v

Aggregate number of bonus shares issued during the period of five years immediately preceding the reporting date is 1,32,26,785 @ 10
per share (Refer Note 4.2)

Aggregate number shares bought back during the period of five years immediately preceding the reporting date is Nil

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. Hie distribution will be in proportion to the number of equity shares held by the shareholders.

No calls are unpaid by any Director or Officer of the Company during the year.

Note 3 :-There is no intangible assets under development as at March 31,2025 and March 31,2024 whose completion is
overdue or has exceeded cost when compared to its original plan

Note 4:

Project 1.- Company is in development stage of several new Spectral Vegetation Indices (SVIs) using Hyperspcctral Imaging, all the
expenses which attributable to the development has been capitalized. The management is reasonably certain that there will be
future economic Benefits that will flow to the company in the near future.

Project 2:- Development of Unified Hyperspectral Drones is standardized drone platform specifically designed for agricultural
hyperspectial imaging, ensuring consistent and reliable data collection The management is reasonably certain that there will be
future economic benefits that will flow to the company in the near future.

Project 3:- Company is in development of Software Platforms for Farmer Management and Carbon Credit Monitoring which is
integrated software platforms that help farmers manage their operations and participate in carbon markets by tracking and

quantifying carbon sequestration. The management is reasonably certain that there will be future economic benefits that will flow
to the company in the near future.

30 Contingent liabilities and capital commitments:

There is contingent liability & capital commitment on the company as on the date of balance sheet i.e. March 31, 2025 are given below :

GSTIN Delhi Jurisdiction raised a demand against notice issued in Form ASMT-10 dated 29th august, 2023 for excess I'l'C availed of Rs. 5,86,682/- which includes Rs. 2,48,594/-
towards tax and 3,38,088/- towards interest and penalty for the tax period Jul 2017 to Mar 2018.

GSTIN Delhi Jutisdiction raised a demand against notice issued in Form ASMT-10 dated 04th October, 2021 for 2A and 3B mismatch of Rs. 2,75,883/- for the tax period Apr 20 to
Mar 21.

As per details available on the TRACES an aggregate outstanding amount of Rs 21,720/- is determined to be paid from Previous years till 2024-25 against M/s. Bharatrohan
Airborne Innovations Limited (hereinafter referred to as the " Assessee") as default on account of interest on payment defaults and late filing fees u/s 234E of the Income Tax
Act. Although no action in respect of recover)' of same has been taken by the department till date, except for issue of communication notices, the department may at any time
issue recovery notices in which event the same shall become payable.

34 The Code on Social Security 2020 has been notified in the Official Gazette on September 29,2020. The effective date from
which the changes are applicable is yet to be notified and the rules are yet to be framed. Impact if any of the change will be

assessed and accounted in the period in which said Code becomes effective and the rules framed thereunder are notified.

35 Employee benefit obligation

The Company is following Accounting Standard 15 (revised 2005) 'Employee Benefits' and using Projected Unit Credit
Method and other assumptions as per the market.

The Company assesses these assumptions along with its projected long-term plans of growth and prevalent industry
standards. The estimates of future salary increase considered in actuarial

valuation take account of inflation, seniority, promotion and other relevant factors such as supply & demand factors in the
employment market.

36 Operating lease

The Company's significant leasing arrangements are in respect of operating leases for office premises. These leasing
arrangements, which are not non-cancellable, are usually renewable by mutual consent on mutually agreeable terms. The
^a88^re8^ate l^ease rentals amounting to Rs. 39.42 Lakhs (previous year Rs. 16.14 Lakhs) are included as rentals in the statement
of profit and loss.

b) Note on Relationship with Struckoff Companies:

The company has no transactions with the companies Struckoff under section 248 of the Companies Act, 2013 or section 560 of the
Companies Act, 1956.

c) Wilful Defaulter

The Company has not been declared as wilfull defaulter by any Bank or Financial Institution or other lender.

d) Note on Dealing in Crypto or Virtual Currency:

The Company has neither traded nor invested in Crypto currency or Virtual Currency during the financial year ended March 31,2023 and
March 31, 2022.

e) Note on Layers of Companies

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.

f) Note on Creation of Charge

The company has no pending charges to be registered with Registrar of Companies(ROC) beyond the statutory period .

g) During the year the company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources
or kind of funds) to any other person or entity incuding foreign entities (intermediaries) with the understanding (whether recorded in
writing or otherwise) that the intermediary shall (i) directly or indirectly lend or invest in other person or entities identified in any manner
whatsoever by or on behalf of company (ultimate bcneficarics) or (ii) provide any guarantee, security or the like to or behalf of the ultimate
bcneficaries.

h) The Company has not received funds from foreign entities with the understanding that company shall

(i) directly or indirectly lend or invest in any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or

(ii) provide any guarantee, security or the to or behalf of the (ultimate beneficiaries) or

(iii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

i) There arc no transactions which are 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).

j) There were no amounts which were required to be transferred to the Investor Education and protection Fund by the Company.

k) The company has not declared/paid any dividend during the Financial year ending 31st March 2025

mtCompany's

increased from Rs. 253.57 lakhs - _{321 491okhs in} Mar'24 ,o Rs. 1462.38 ,akhs in Mar 25,on account of bonus shares fcPnvatc

.Company's Share Capital increased from Rs. 321.49 lakhs m Ma.

Placement Issue m 57 lacks in Mar'24 to 1493.21 lacks in Mar'25.

^Company's Inventory has been increase ro • Rs 160 33 lakhs in Mar'24 to NIL in Mar'25.

* Purchases has been increased from 1052.62 lacks m Mar z-t to
Mar'24 to 89.97 lacks in Mar'25.

38 Corporate Social Responsibility . . thereunder are exceeded by the company during the preceding

Lakhs were made. „ i7/nfi/90l6 and recognized as a startup by DPI1T with

. / —-——Ý—Ý

As per our report of even date

For Keyur Shah & Associates _{Fof and on behalf of} the Board of Directors

Chartered Accountants Bharatrohan Airborne Innovations Limited

Firm Reg. No. 333288W

I

. „ , Rishabh Choudhary

Keyur Shah Ama.deepP.nwar Whole Time Director

M.No! 153774 01NN“ 074₈350_S DIN No : 07585659

Partner

Ved Prakash Goel *^akansha

Chief Financial Officer ST"

Place: Ahmedabad DaS 08,h“ ne 2025

Date: 08th June 2025 ^J