o) Provisions and contingent liabilities

The Company recognizes a provision when there is a present obligation arising from 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. 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.

p) Leases

Operating Lease:

Where the leasor effectively retain substantially all the risks & benefits of ownership of leased item , these are classified as operating lease. Operating lease payments are recognised as expenses in the statement of profits & loss accounts on straight line basis over lease term. Initial cost such as legal cost,brokerage costs ,etc are recognised immediatly in the statement of profit & loss account.

q) Foreign Currency transaction

Foreign currency transactions are accounted for at the exchange rate prevaling on transaction date. Foreign currency monetary assets & liabilities are translated at year end exchange rate. The exchange differences arising on foreign currency transactions are recognised as income or expense in the period in which they arise.

r) Previous year figures

Previous figures have been regrouped /reclassified whenever necessary .

s) Recent pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing

standards under Companies (Indian Accounting Standards) Rules as issued from time to time.

For the year ended March 31, 2024, MCA has not notified any new standards or amendments to the existing standards applicable to the Company.

22 Other statutory information

(i) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

(ii) The Company do not have any transactions with companies struck off.

(iii) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period,

(iv The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) 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

(vi) 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,

(vii) The Company have not any 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.

. Balance shown under head Sundry debtors, creditors and advances are subject to confirmation.

. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

. The Company has considered possible effects of ongoing pandamic Covid-19 while preperation of financial statements.

. The Company has used all borrowings from bank and financial institution for the specific purpose for which it was taken at balance sheet date.

.

For and on behalf of the Board of Directors of Sunita Tools As per our attached report of even date Ltd.(Formerly known as Sunita Tools Private Limited)

For K M A & Co.

Chartered Accountants C/1/ o J/_

Firm registration No.: &U/“

FRN : 111899W Sanjay K. Pandey Satish K. Pandey

Chief Financial

^{Whole Time} Officer & Managing

QA/- ^Director Director

Din: 00739482 Din: 00158327

Keshav Chaubey Sd/-

(Senior Partner)

Membership No. : 044900 Rupal Pankaj Dedhia

UDIN : 24044900BKAHMS8541 Company Secretary

Membership No:

68289

Dated : 22nd May, 2024 Place: Mumbai