2.14 Contingencies and 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 resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. The expense relating to a provision is presented in the statement of profit and loss net of any reimbursement.

Contingent liabilities are recognized only when there is a possible obligation arising from past events, due to occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of the Company or where any present obligation cannot be measured in terms of future outflow of resources or where a reliable estimate of obligation cannot be made. Contingent assets are not recognized in the financial statements.

2.15 Statement of Cash Flow:

Cash flows are reported using the indirect method, whereby profit/(loss) before exceptional items and tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, investing and financing activities of the Company are segregated based on available information.

2.16 Financial Instruments:

Financial Assets and Financial Liabilities are recognized when the Company becomes party to the contractual provisions of the financial instrument. Financial Assets are derecognized when the rights to receive benefits have expired or been transferred, and the Company has transferred substantially all risks and rewards of ownership of such financial asset. Financial liabilities are derecognized when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expired. Purchase or sale of financial assets that require delivery of assets within a time frame established by regulation or convention in t he market place are recognized on trade date i.e. the date when the Company commits to purchase or sale the asset.

3. NOTES TO ACCOUNTS:

3.1 Some of the Balances of sundry creditors, sundry debtors, loans & advances and other liabilities are subject to confirmation and reconciliation.

3.2 In the opinion of the Board of Directors, Current Assets, Loans & Advances are approximately of the value at which they are stated in the Balance Sheet, if realized in the ordinary course of business.

3.3 The Company operates in one segment i.e. Professional, technical and business services and within one geographical segment i.e India.

3.4 The Company manages its capital to ensure that it will be able to continue as a going concern. The structure is managed to provide ongoing returns to shareholders and service debt obligations, whilst maintaining maximum operational flexibility.

3.5 The carrying amounts of trade payables, other financial liabilities, cash and cash equivalents, other bank balances, trade receivables and other financial assets are considered to be the same as their fair values due to their short term nature.

3.6 The Company opines that no provision for expected credit loss is required.

3.7 There is no significant market risk or liquidity risk to which the Company is exposed.

3.8 The disclosure of transactions with the related parties is given below:

(i) Parties where control exists: NIL

(ii) Subsidiary Companies: NIL

(iii) Fellow Subsidiary Companies: NIL

(iv) Key Management Personnel:

Raghvendra Kulkarni - Managing Director Sarjeevan Singh - Director Bhoomiben Patel - Director

Sunny Darji - Director Vipul Jana - CFO

Arpita Mittal - Company Secetary

3.14 No amount remained due to Micro and Small Enterprises as defined in the "The Micro, Small and Medium Enterprise Development Act, 2006" as identified on the basis of information collected by the management.

3.15 The Company has re grouped and re-classified the previous year's figures in accordance with the requirements applicable in the current year. In view of this, certain figures of the current year are not strictly comparable with those of the previous year.

3.16 Fair Value Of Investment Property

There is no Investment in Property so it is not applicable

3.17 Details Of Benami Property Held

The company does not held any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder. Where any proceeding has not been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

3.18 Relationship With Struck Off Companies

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

3.19 Borrowings Obtained On The Basis Of Security Of Current Assets

There is no borrowings obtained on the basis of security of Current assets and so, it is not applicable

3.20 Revaluation Of Property, Plant And Equipment And Intangible Assets

The Company doesn not have PPE / Intangible assets and so, it is not applicable

3.21 Utilization Of Borrowed Funds And Share Premium

There is no unutilised amounts in respect of any issue of securities and long term borrowings from banks and financial institutions and so, it is not applicable

3.22 Undisclosed Income

The Company does not have 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.

3.23 Details Of Crypto Currency Or Virtual Currency

The Company has not traded or invested in crypto currency or virtual currency during the financial year.

3.24 Registration Of Charges Or Satisfaction With Registrar Of Companies

The company does not have any charges or satisfaction, which is yet to be registered with ROC beyond the statutory period.

3.25 Compliance With Number Of Layers Of Companies

The Company is in compliance with the number of layers prescribed under clause (87) of section 2 of the Companies Act read with the Companies ( Restriction on number of Layers) Rules, 2017.

3.26 Notes 1 to 22 form integral part of accounts.

As per our report of even date for and on behalf of the Board of Directors

Softrak Venture Investment Limited

For M/s Meet Shah & Associates.

Chartered Accountants

sd/- sd/- sd/-

CA Meet Shah Raghvendra Kulkarni Sarjivan SIngh

(Proprietor) Managing Director Director

Membership No. 169259 DIN: 06970323 DIN: 08258683

UDIN : 24169259BKABSW7548

sd/- sd/-

Arpita Mittal Vipul Jana

Company Secretary CFO

Date: 27/05/2024 Date: 27/05/2024

Place: Ahmedabad Place: Ahmedabad