xi Provisions and contingencies

Provision is recognized in the balance sheet when, the company has a present obligation as a result of past event;

it is probable that an outflow of economic benefits will be required to settle the obligation; and a reliable estimate of the amount of the obligation can be made. A disclosure by way of a contingent liability is made when there is possible obligation or a present obligation that may, but probably will not, require a outflow of resources. When there is a possible obligation or a present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made.

xii Cash and Cash Equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and shortterm investments with an original maturity of three months or less.

xiii Earnings Per Share

The Company reports basic earnings per share (EPS) in accordance with Accounting Standard 20 on Earnings Per Share.The Basic earnings per share is computed by dividing the net profit attributable to the equity shareholders for the period by the weighted average number of equity shares outstanding during the reporting period. The diluted earning per share is computed by dividing the net profit attributable to the equity share holder for the period by the weighted average number of equity shares outstanding during the reporting period after adjusting for the effects of dilution.

xiv Accounting policies not specifically referred to above are in consonance with generally accepted accounting principles.

Note 1: The Company has taken property on lease from Director/Promoter and paying rent. Therefore Gross carrying value of the property is not disclosed in above table.

Note 2: The Company has taken several properties on lease from various parties at various sites of the Company. The Company is of the opinion that it is not possible for the Company to execute each and every lease agreement and therefore in most of the cases, the lease contract is not formal or not executed in favour of lessee or not executed in any other manner.

Note 37: Details of Benami Property held

There are no proceedings initiated or pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder.

Note 38: Security of current assets against borrowings

The quarterly returns or statement filed by the company with such banks are in agreement with the books of accounts of the company except in cases where the amounts have been updated in books post submission of quarterly returns or statement.

Note 39: Willful Defaulter

The Company is not declared as willful defaulter by any bank of financial institution or other lender.

Note 40: Relationship with struck off Companies

The Company do not have any transactions with Companies struck off.

Note 41: Registration of charges or satisfaction with Registrar of Companies

1. No Registration of charge is registered with Registrar of Companies for 5 Vehicle loans amount outstanding as on 31 March 2024 of C14.45 Lakhs (P.Y. C34.19 Lakhs) and Loan against Asset amount outstanding as on 31 March 2024 of NIL (P.Y. C34.37 Lakhs). Vehicles are registered at various locations and loan is taken on various dates.

2. In Case of 2 charge open on ROC, no loan is outstanding and satisfaction of charge is yet to file with ROC.

Note 42: Since the Company does not have any subsidiary, the provision of section 2 of clause 87 of the Act, read with Companies (Restriction on number of Layers) Rules, 2017, is not applicable to the Company.

Note 43: Revaluation of Property, Plant and Equipment

There is no such revaluation of Property, Plant and equipment and Intangible assets during the year.

Note 44: Utilization of Borrowed funds

The Company have not advanced or loaned or invested funds (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (Intermediaries), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Parties), with the understanding, whether recorded in writing or otherwise, that the Company shall, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Note 45: Undisclosed Income

The Company have not done 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 relevant provisions of the Income Tax Act, 1961

Note 46: Crypto currency or Virtual currency

The Company have not traded or invested in Crypto currency or virtual currency during the current year and previous year Note 47: Previous years figures have been regrouped/reclassified to confirm to current period's presentation.

In terms of our report of even date attached For and on behalf of the Board of Directors

For SHAH P M AND ASSOCIATES

Chartered Accountants

ICAI Firm Registration No: 131576W Chairman and Managing Director Whole Time Director

Biharilal Shah Amish Shah

DIN: 00337318 DIN: 01415766

Partner

Name : Maulin Y. Shah Chief Financial Officer Company Secretary

Membership No. 137282 Molly Antony Shatabdi Salve

Place: Mumbai PAN: AGAPA5417F PAN: DEIPS6143M

Date: 27.06.2024