2.9 Cash Flows

Cash flows are reported using the indirect method, whereby net profit/(loss) before extraordinary items and tax is adjusted for the effects of transactions of a non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from regular revenue generating, investing and financing activities of the Company are segregated.

Dues to Micro and Small Suppliers : Under the Micro, small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating Micro. Small and Medium enterprises. On the basis of the information and records available with the Company, no amount due or outstanding during the year.

The Reserve bank of India vide its letter dated 28/09/2018 notified the company that via its order dated 25/09/2018 passed by Reserve Bank of India the certificate of Registration no. 14.01397dated December 7, 1998 stands cancelled. The company is in the process to take up the matter with Reserve Bank of India is in order to comply with their requirement and revive the same (Certificate of Registration).

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

(b) The Company does not have any transactions with companies struck off.

(c) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.

(d) The company has not entered into any scheme of arrangement during the current year and previous year.

(e) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(f) The Company has complied with the number of layers prescribed under the Companies Act 2013.

(g) The Company has 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:

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries”

(h) 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 Company shall:

(i) 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

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(i) The Company has no transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessment uner the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

(j) The Company is not declared wilful defaulter by any bank or financial institution or government or any government authority.

Notes 29

The figures for the previous period have been regrouped/rearranged/reclassified wherever necessary.

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

^{For MSKG} & ^CO- KPS Kochhar Gurmeet Singh Om Prakash Tiwari

^{Chartered Accountants} DIN 00529230 DIN 00726815 DIN 02471598

Firm Regn. No.: 008262N

Nikit_a J_ai_n Gurpreet Singh Jasvinder Kaur

_Partner DIN 00718863 DIN 08350847

^M Nl°. : ⁵³³¹¹¹ Sumit Kumar Ghosh Saranjeet Singh

Place : New Delhi Company Secretary DIN 07990469

Date : 30.05.2024