12. Provisions

Provisions are recognized when the company has a present obligation (legal or constructive)
as a result of a past event, it is probable that an outflow of economic benefits will be required
to settle the obligation and a reliable estimate can be made of the amount of the obligation.

13. Contingent Liabilities / Assets
Contingent Liabilities

Contingent liabilities are not recognized but disclosed in Notes to the Accounts when the
company has possible obligation due to past events and existence of the obligation depends
upon occurrence or non-occurrence of future events not wholly within the control of the company.

Contingent liabilities are assessed continuously to determine whether outflow of economic
resources have become probable. If the outflow becomes probable then relative provision is
recognized in the financial statements.

Where an entity is jointly and severally liable for an obligation, the part of the obligation that is
expected to be met by other parties is treated as a contingent liability. The entity recognises a
provision for the part of the obligation for which an outflow of resources embodying economic
benefits is probable, except in the extremely rare circumstances where no reliable estimate
can be made.

Contingent Assets

Contingent Assets are not recognized in the financial statements. Such contingent assets are
assessed continuously and are disclosed in Notes when the inflow of economic benefits becomes
probable. If it's virtually certain that inflow of economic benefits will arise then such assets and
the relative income will be recognized in the financial statements.

14. Leases

Assets held under lease, in which a significant portion of the risks and rewards of ownership
are transferred to lessee are classified as finance leases. Other leases are classified as operating
leases. The company normally enters into operating leases which are accounted for as under:-

(i) Rental income from operating leases is recognized on a straight-line basis over the term
of the relevant lease.

(ii) Where the company is a lessee, operating lease payments are recognized as an expense
on a straight-line basis over the lease term. Initial direct costs incurred in negotiating and
arranging an operating lease are added to the carrying amount of the leased asset and
recognized on a straight-line basis over the lease term.

15. Employee benefits

i. Provision for gratuity, leave encashment/availment and long service benefits i.e. service
award, compassionate gratuity and employees' family benefit scheme is made on the
basis of actuarial valuation using the projected unit credit method. Re-measurement,
comprising actuarial gains and losses, the effect of the changes to the asset ceiling
(if applicable) and the return on plan assets (excluding interest), is reflected immediately
in the statement of financial position with a charge or credit recognized in other
comprehensive income in the period in which they occur. Re-measurement recognized
in other comprehensive income is reflected immediately in retained earnings and will not
be reclassified to Statement of Profit or Loss.

ii. Provision for post-retirement medical benefit is made on defined contribution basis.

iii. Provident fund contribution is made to Provident Fund Trust on accrual basis.

iv. Payment of Ex-gratia and Notice pay on Voluntary Retirement are charged to revenue in
the year incurred.

v. Short-term employee benefit obligations:

Short-term employee benefit obligations are measured on an undiscounted basis and
are recorded as expense as the related service is provided. A liability is recognized for
the amount expected to be paid under PLI / PRP Scheme, if the Company has a present
legal or constructive obligation to pay this amount as a result of past service provided by
the employee and the obligation can be estimated reliably.

16. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from
'profit before tax' as reported in the statement of profit or loss and other comprehensive income/
statement of profit or loss because of items of income or expense that are taxable or deductible
in other years and items that are never taxable or deductible. The Company's current tax is
calculated using tax rates that have been enacted or substantively enacted by the end of the
reporting period.

Deferred tax

Deferred tax is recognized on temporary differences between the carrying amounts of assets
and liabilities in the financial statements and the corresponding tax bases used in the computation
of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary
differences. Deferred tax assets are generally recognized for all deductible temporary differences
to the extent that it is probable that taxable profits will be available against which those deductible
temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized

if the temporary difference arises from the initial recognition (other than in a business
combination) of assets and liabilities in a transaction that affects neither the taxable profit nor
the accounting profit. In addition, deferred tax liabilities are not recognized if the temporary
difference arises from the initial recognition of goodwill.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and
reduced to the extent that it is no longer probable that sufficient taxable profits will be available
to allow all or part of the asset to be recovered.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in
the period in which the liability is settled or the asset realized, based on tax rates (and tax laws)
that have been enacted or substantively enacted by the end of the reporting period.

Current and deferred tax are recognized in profit or loss, except when they relate to items that
are recognized in other comprehensive income or directly in equity, in which case, the current
and deferred tax are also recognized in other comprehensive income or directly in equity
respectively. Where current tax or deferred tax arises from the initial accounting for a business
combination, the tax effect is included in the accounting for the business combination.

17. Impairment

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its
carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its
recoverable amount. An impairment loss is recognized immediately in profit or loss, unless the
relevant asset is carried at a revalue amount, in which case the impairment loss is treated as
a revaluation decrease.

Recoverable amount is the higher of fair value less costs of disposal and value in use. In
assessing value in use, the estimated future cash flows are discounted to their present value
using a pre-tax discount rate that reflects current market assessments of the time value of
money and the risks specific to the asset for which the estimates of future cash flows have not
been adjusted.

When an impairment loss subsequently reverses, the carrying amount of the asset (or a cash¬
generating unit) is increased to the revised estimate of its recoverable amount, but so that the
increased carrying amount does not exceed the carrying amount that would have been
determined had no impairment loss been recognized for the asset (or cash-generating unit) in
prior years. A reversal of an impairment loss is recognized immediately in profit or loss, unless
the relevant asset is carried at a revalued amount, in which case the reversal of the impairment
loss is treated as a revaluation increase.

At the end of each reporting period, the company reviews the carrying amounts of its tangible,
intangible assets to determine whether there is any indication that those assets have suffered
an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated
in order to determine the extent of the impairment loss (if any). When it is not possible to
estimate the recoverable amount of an individual asset, The Company estimates the recoverable
amount of the cash-generating unit to which the asset belongs. When a reasonable and
consistent basis of allocation can be identified Intangible assets with indefinite useful lives
and intangible assets not yet available for use are tested for impairment at least annually, and
whenever there is an indication that the asset may be impaired.

Impairment of financial assets :

Financial assets, other than those at Fair Value through Profit and Loss (FVTPL), are assessed
for indicators of impairment at the end of each reporting period. Financial assets are considered
to be impaired when there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows of
the investment have been affected. For Available for Sale (AFS) equity investments, a significant
or prolonged decline in the fair value of the security below its cost is considered to be objective
evidence of impairment.

For all other financial assets, objective evidence of impairment could include:

i. Significant financial difficulty of the issuer or counterparty;

ii. Breach of contract, such as a default or delinquency in interest or principal payments;

iii. It becoming probable that the borrower will enter bankruptcy or financial re-organization;
or the disappearance of an active market for that financial asset because of financial
difficulties

For certain categories of financial assets, such as trade receivables, assets are assessed
for impairment on individual basis. Objective evidence of impairment for a portfolio of
receivables could include company's past experience of collecting payments, an increase
in the number of delayed payments in the portfolio past the average credit period of zero
days, as well as observable changes in national or local economic conditions that correlate
with default on receivables.

For financial assets that are carried at cost, the amount of impairment loss is measured
as the difference between the asset's carrying amount and the present value of the
estimated future cash flows discounted at the current market rate of return for a similar
financial asset. Such impairment loss will not be reversed in subsequent periods.

The carrying amount of the financial asset is reduced by the impairment loss directly for
all financial assets with the exception of trade receivables; such impairment loss is reduced
through the use of an allowance account for respective financial asset. When a trade
receivable is considered uncollectible, it is written off against the allowance account.
Subsequent recoveries of amounts previously written off are credited against the allowance
account. Changes in the carrying amount of the allowance account are recognized in
profit or loss.

For financial assets measured at amortised cost, if, in a subsequent period, the amount
of the impairment loss decreases and the decrease can be related objectively to an
event occurring after the impairment was recognized, the previously recognized impairment
loss is reversed through profit or loss to the extent that the carrying amount of the
investment at the date the impairment is reversed does not exceed what the amortised
cost would have been had the impairment not been recognized.

De-recognition of financial assets

The Company de-recognises a financial asset when the contractual rights to the cash flows
from the asset expire, or when it transfers the financial asset and substantially all the risks and
rewards of ownership of the asset to another party. If the Company neither transfers nor retains
substantially all the risks and rewards of ownership and continues to control the transferred

asset, The Company recognises its retained interest in the asset and an associated liability for
amounts it may have to pay. If the Company retains substantially all the risks and rewards of
ownership of a transferred financial asset, the Company continues to recognise the financial
asset and also recognises a collateralised borrowing for the proceeds received.

On de-recognition of a financial asset in its entirety, the difference between the asset's carrying
amount and the sum of the consideration received and receivable and the cumulative gain or
loss that had been recognized in other comprehensive income and accumulated in equity is
recognized in profit or loss.

18. Earnings per share

A basic earnings per equity is computed by dividing the net profit attributable to the equity
holders of the company by the weighted average number of equity shares outstanding during
the period. Diluted earnings per equity share is computed by dividing the net profit attributable
to the equity holders of the company by the weighted average number of equity shares
considered for deriving basic earnings per equity share and also the weighted average number
of equity shares that could have been issued upon conversion of all dilutive potential equity
shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the
equity shares been actually issued at fair value (i.e. the average market value of the outstanding
equity shares).Dilutive potential equity shares are deemed converted as of the beginning of
the period, unless issued at a later date. Dilutive potential equity shares are determined
independently for each period presented.

The number of equity shares and potentially dilutive equity shares are adjusted retrospectively
for all periods presented for any shares splits and bonus shares issues including for changes
effected prior to the approval of the financial statements by the Board of Directors.

19. Discontinued operations

A discontinued operation is a component of the Company's business that represents a separate
line of business that has been disposed off or is held for sale, or is a subsidiary acquired
exclusively with a view to resale. Classification as a discontinued operation occurs upon the
earlier of disposal or when the operation meets the criteria to be classified as held for sale.

20. Financial instruments

Non-derivative financial instruments consist of:

• financial assets, which include cash and cash equivalents, trade receivables, unbilled
revenues, finance lease receivables, employee and other advances, investments in equity
and debt securities and eligible current and non-current assets;

• financial liabilities, which include long and short-term loans and borrowings, bank
overdrafts, trade payables, eligible current and non-current liabilities.

Non derivative financial instruments are recognized initially at fair value including any directly
attributable transaction costs. Financial assets are derecognized when substantial risks and
rewards of ownership of the financial asset have been transferred. In cases where substantial
risks and rewards of ownership of the financial assets are neither transferred nor retained,
financial assets are derecognized only when the Company has not retained control over the
financial asset.

Subsequent to initial recognition, nonderivative financial instruments are measured as described
below:

a) Cash and cash equivalents

For the purposes of the cash flow statement, cash and cash equivalents include cash in
hand, at banks and demand deposits with banks, net of outstanding bank overdrafts that
are repayable on demand and are considered part of the Company's cash management
system. In the statement of financial position, bank overdrafts are presented under
borrowings within current liabilities.

b) Investments in liquid mutual funds, equity securities (other than Subsidiaries, Joint Venture
and Associates) are valued at their fair value. These investments are measured at fair
value and changes therein, other than impairment losses, are recognized in other
comprehensive income and presented within equity, net of taxes. The impairment losses,
if any, are reclassified from equity into statement of income. When an available for sale
financial asset is derecognized, the related cumulative gain or loss recognized in equity
is transferred to the statement of income.

c) Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable
payments that are not quoted in an active market. They are presented as current assets,
except for those maturing later than 12 months after the reporting date which are presented
as non-current assets. Loans and receivables are initially recognized at fair value plus
directly attributable transaction costs and subsequently measured at amortized cost using
the effective interest method, less any impairment losses. Loans and receivables comprise
trade receivables, unbilled revenues and other assets.

The company estimates the un-collectability of accounts receivable by analyzing historical
payment patterns, customer concentrations, customer credit-worthiness and current
economic trends. If the financial condition of a customer deteriorates, additional allowances
may be required.

d) Trade and other payables

Trade and other payables are initially recognized at fair value, and subsequently carried
at amortized cost using the effective interest method. For these financial instruments, the
carrying amounts approximate fair value due to the short term maturity of these
instruments.

21. Segment Information.

The company has only one reportable business segment, which is supply of designs and
drawings and operates in a single business segment. Accordingly, the amounts appearing in
the financial statements relate to the company's single business segment.

22. Prior Period Errors

Errors of material amount relating to prior period(s) are disclosed by a note with nature of prior
period errors, amount of correction of each such prior period presented retrospectively, to the
extent practicable along with change in basic and diluted earnings per share. However, where
retrospective restatement is not practicable for a particular period then the circumstances that

lead to the existence of that condition and the description of how and from where the error is
corrected are disclosed in Notes to Accounts.

(B) Notes to the Financial Statements

1. General Information

The company has closed down the operations of Palmarosa cultivation and extraction of
essential oil.

The Company has also closed down the trading operations of Garcinia, Curcumin and essential
oils.

The Company could secure some civil works from the Indian Railways through its civil contractor
M/s KEC International Limited. The ordered civil works were carried out by the Company
through a sub-contractor M/s Sree Devi Prime Projects LLP and revenue also generated during
the year of reporting.

2. Basis of preparation of Financial Statements

The financial statements have been prepared in accordance with Indian Accounting Standards
(Ind-AS) as notified by Ministry of Corporate Affairs, Government of India vide Notification
dated February 16, 2015. Accounting policies have been applied consistently to all periods
presented in these financial statements. The Financial Statements are prepared under historical
cost convention from the books of accounts maintained under accrual basis except for certain
financial instruments which are measured at fair value and in accordance with the Indian
Accounting Standards prescribed under the Companies Act, 2013.

These financial statements are presented in Indian rupees, the national currency of India,
which is the functional currency of the Company. All amounts included in the financial statements
are reported in Indian rupees (in Rupees) except number of equity shares and per share data,
unless otherwise stated.

The accounting policies have been applied consistently to all periods presented in these financial
statements.

3. Use of estimates and judgment

The preparation of financial statements requires judgments, estimates and assumptions to be
made that affect the reported amount of assets and liabilities, disclosure of contingent liabilities
on the date of financial statements and the reported amount of revenues and expenses during
the reporting period. Difference between the actual results and estimates are recognized in the
period in which the results are known/materialised

4. Commitments

(a) Capital Commitments: Estimated amount of contracts including foreign currency contracts
net of advances remaining to be executed on capital account and not provided for is
Rs.NIL (P.Y. Rs.NIL).

(b) Other Commitments: Estimated amount of contracts including foreign currency contracts
net of advances remaining to be executed on account of external projects and not provided
for is Rs.NIL (P.Y. Rs.NIL).

b. Fair Value Hierarchy

• Level 1 - Level 1 hierarchy includes financial instruments measured using quoted prices
(unadjusted) in active markets.

• Level 2 - Level 2 hierarchy includes financial instruments measured using inputs other than
quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e. as prices) or indirectly (i.e. derived from prices).

• Level 3 - Level 3 hierarchy includes financial instruments measured using inputs that are not
based on observable market data (unobservable inputs).

6. Financial risk management

The company's activities expose it to the following financial risks:

Market risk (see (a));

Credit risk (see (b)); and
Liquidity risk (see (c)).

The company has not arranged funds that have any interest rate risk.

a) Market risk

i. Foreign Exchange Risk

The company does not deal with import and export transactions and hence foreign
exchange risk is not applicable to the Company.

ii. Price Risk

The company's exposure to price risk arise as the investments held by the company
are classified in balance sheet at fair value through other comprehensive income.

As of March 31,2024 and March 31,2023, every increase or decrease of the respective
equity prices would impact other component of equity by approximately INR 8.26 and
9.60 (in Lakhs) respectively. It has no impact on profit or loss

b) Credit Risk

Credit risk refers to the risk of default on its obligation by a counterparty resulting in a financial
loss. The maximum exposure to the credit risk at the reporting date is primarily from trade
receivables. Accordingly, credit risk from trade receivables has been separately evaluated
from all other financial assets in the following paragraphs.

Trade Receivables :

The company has outstanding trade receivables amounting to .10.87 and 6.36 (in lakhs) as
of March 31,2024 and March 31,2023, respectively. Trade receivables are typically unsecured
and are derived from revenue earned from customers.

Credit risk exposure:

An analysis of age of trade receivables at each reporting date is summarized as follows:

Trade receivables are generally considered credit impaired after 120 days past due, unless the
amount is considered receivable, when recoverability is considered doubtful based on the recovery
analysis performed by the company for individual trade receivables.

With regard to trade receivable on certain transactions, the company has equivalent trade
payables to associate suppliers which are payable on realization of trade receivables. Such
trade receivables are considered not impaired though past due.

Financial assets:

Credit risk relating to cash and cash equivalents is considered negligible because our counter
parties are banks. There will be no credit risk related to employee loans as they are adjusted
against their salaries.

c) Liquidity Risk

Our liquidity needs are monitored on the basis of monthly and yearly projections. The company's
principal sources of liquidity are cash and cash equivalents, cash generated from operations
and availability of funding through an adequate amount of committed credit facilities to meet
obligations when due.

Due to the dynamic nature of underlying businesses, the company maintains flexibility in funding
by maintaining availability under committed credit lines.

Short term liquidity requirements consists mainly of sundry creditors, expense payable, employee
dues arising during the normal course of business as of each reporting date. The company
maintains sufficient balance in cash and cash equivalents to meet short term liquidity
requirements.

The company assesses long term liquidity requirements on a periodical basis and manages
them through internal accruals and committed credit lines.

The table below provides details regarding the contractual maturities of non-derivative financial
liabilities.

7. Disclosure in respect of Indian Accounting Standard (Ind AS)-21 “The Effects of changes
in Foreign Exchange Rates”

The company had not entered into any foreign currency transactions during the year.

8. Disclosure in respect of Indian Accounting Standard (Ind AS)-23 “Borrowing Costs”

The amount capitalized with Property, Plant & Equipment as borrowing cost is RS.NIL and
RS.NIL for the year ended March 31, 2024.

9. Disclosure in respect of Indian Accounting Standard (Ind AS)-36 “Impairment of assets”

During the year, the company assessed the impairment loss of assets and ECL debited to
Profit & Loss is NIL (P.Y. NIL)

10. Disclosure in respect of Indian Accounting Standard (Ind AS)-20 “Accounting for
Government Grants and Disclosure of Government Assistance”

The Company did not receive any Government Grants during the year and Previous year.

11. Disclosure in respect of Indian Accounting Standard (Ind AS)-19 “Employee Benefits”

The company has not provided for any employee benefits during the year.

12. Disclosure in respect of Indian Accounting Standard 24 “Related Parties Disclosures”

The following are the transactions of the related parties, which are related on account of
shareholding by the Directors, key managerial personnel and their relatives, viz., Sri. T G
Veera Prasad, Managing Director and his relatives and Associate Company M/s Eldorado
Avenues Private Limited (formerly known as Dreamland Distillers Private Limited.

18. The order to have better presentation the previous year's figures have been re-casted/restated/
reclassified, wherever necessary, to conform to current year's classification.

As per our report of even date attached

For Sathish Ramdeni & Co., For and on behalf of the Board of

Chartered Accountants TMT (India) Limited

Firm Regn. No. 015229S

Sd/- Sd/- Sd/-

_{Sathish Ramdeni} (TG Veera Prasad) (Venu Krishna Kishore Babu Pasam)

_Partner Managing Director Whole time Director

_M._No.₂₃₄₈₅₄ DIN: 01557951 DIN: 06734586

UDIN: 24234854BKEGKE4680 _{Sd/- Sd/-}

(Ambati Venkata Ramana Murthy) (SONAM JAIN)

CFO Company Secretary

^{Place : Hyderabad} & Compliance Officer

Date : 30.05.2024