Provisions are recognised when the Company has a present obligation as a result of a past event, it is
probable that an outflow of resources will be required to settle the obligation, and a reliable estimate of the
amount can be made. Where the effect of time value is material, provisions are measured at present value
using a pre-tax discount rate that reflects risks specific to the liability.

viii. Revenue Recognition

Revenue is recognised when control of the promised goods or services is transferred to the customer, in an
amount that reflects the consideration to which the Company expects to be entitled, in accordance with
Ind AS 115 - Revenue from Contracts with Customers.

• Revenue from fixed-price contracts is recognised over time based on progress towards satisfaction of
the performance obligation, measured using input or output methods as appropriate.

• Other income is recognised when it is probable that the economic benefits will flow to the Company
and the amount can be measured reliably.

ix. Earnings Per Share (EPS)

• Basic EPS is calculated by dividing the profit attributable to owners of the Company by the weighted
average number of equity shares outstanding during the year, adjusted for bonus issues and share buy¬
backs.

• Diluted EPS adjusts the figures used for basic EPS to reflect the effects of potential dilutive equity
shares.

x. Tax Expenses

• Current Tax: Current tax is measured at the amount expected to be payable on the taxable income for
the year, determined in accordance with the provisions of the Income-tax Act, 1961.

• Deferred Tax: Deferred tax is recognised on temporary differences between the carrying amounts of
assets and liabilities in the financial statements and the corresponding tax bases. Deferred tax assets are
recognised only to the extent that it is probable that future taxable profits will be available to utilise them.
Deferred tax assets on carry-forward losses have not been recognised due to absence of convincing
evidence of future taxable profits.

xi. Use of Estimates, Assumptions and Judgements

The preparation of financial statements requires management to make estimates, judgements, and
assumptions that affect reported amounts of assets, liabilities, income, and expenses. These estimates are
reviewed on an ongoing basis and revisions, if any, are recognised prospectively.

The Company’s operating cycle is the time between acquisition of assets for processing and their realisation in
cash or cash equivalents.

Nature and purpose of other reserves:

(a) Securities premium reserve

Capital reserve is created out of profit or gains of a capital nature. The capital reserve is available for in accordance with the
provision of the Companies Act, 2013.

(b) Retained earnings

The reserve represented undistributed accumulated earnings of the company as on the balance sheet date
(b) Capital Reserve

Capital reserve is created out of profit or gains of a capital nature. The capital reserve is available for utilisation against capital
purpose and are not available for distribution of dividend.

RISK MANAGEMENT POLICY

BACKGROUND & LEGAL FRAMEWORK:

OBJECTIVE & PURPOSE OF POLICY:

The main objective of this policy is to ensure sustainable business growth with stability and to promote a pro-active
The specific objectives of the Risk Management Policy are:

1. To ensure that all the current and future material risk exposures of the company are identified, assessed, quantified,

(i) No Tax liability will arise during FY 2024-25 since there are carry forward losses of previous years

(ii) Company has not created deffered tax on temporary difference as the company does not expect flow of profits in the

(iii) There is no associates or joint venture company of this company.

Note 17- Additional Regulatory Information

(i) Title deeds of Immovable Properties not held in name of the Company

The Company does not have any immovable properties.

(ii) Fair value of Investment Property

The Company does not have any investment property.

(iii) Revaluation of Property, Plant and Equipment (including Right-of-Use Assets)

The Company has not revalued its Property, Plant and Equipment (including Right-of-Use Assets).

(iv) Revaluation of Intangible Assets

The Company has not revalued any of its intangible assets. Accordingly, this disclosure is not applicable.

(v) Loans or Advances in the nature of loans to Promoters, Directors, KMPs and related parties

The Company has not granted any loans or advances in the nature of loans to promoters, directors, KMPs or related parties
either repayable on demand or without specifying any terms of repayment.

(vi) Capital Work-in-Progress (CWIP)

There is no Capital Work-in-Progress as at the reporting date.

(vii) Intangible Assets under Development

There are no intangible assets under development as at the reporting date.

(viii) Details of Benami Property held

The Company does not hold any benami property and no proceedings are pending against the Company under the Benami
Transactions (Prohibition) Act, 1988.

(ix) Borrowings secured on the basis of current assets

The Company does not have borrowings from banks or financial institutions on the basis of security of current assets.

(x) Wilful Defaulter

The Company has not been declared a wilful defaulter by any bank, financial institution or other lender.

(xi) Relationship with Struck off Companies

The Company has no transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of
the Companies Act, 1956.

(xii) Registration of charges or satisfaction with Registrar of Companies (ROC)

There are no charges or satisfaction thereof pending for registration with the Registrar of Companies beyond the statutory
period.

(xiii) Compliance with number of layers of companies

The Company has complied with the requirement of number of layers of companies as prescribed under clause (87) of section
2 of the Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017.

As per our report of even date

RAJVANSHI & ASSOCIATES For and on behalf of Board of Director of

Chartered Accountants Ace Engitech Limited

Firm Regn. No. 005069C

Abhishek Rajvanshi (DINESH KUMAR BOHRA) (ABHISHEK DINESH BOHRA)

Partner Director & CFO Director

Membership No. 440759 DIN : 02352022 DIN : 10673261

Place : Jaipur
Date : 23rd May 2025

(SONALI GUPTA) (HEMANT BOHRA) (ANKITA AGARWAL)

Director Independent Director Company Secretary and Compliance Officer

DIN : 08729522 DIN : 03559879 Membership No. A33873