2.4 Provisions, conlmgeni lliiafciilitias and contingent assets

Provisions am recognised whan the Company has a praEant legal or conEtrvidive obligation. as e result of past events, and it is probable that an
outflow of resources, that can reliably be estimated, wi II be required to Battle such an obligati on. If the affect of the time value of money is material,
provisions are determined Py discounting fre expected future cash flows to het present value usln$ an appropriate pre-tax discount rate that
reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability, unwinding of the discount
is recognised in the statement of prefit and loss as a finance coat Provisions are reviewed st each balance sheet date and are adjusted tc raflact
the cumarrt bast astimata.

Contingent liabilities are not recognised but dsdosed where fro existence of an obligation will only bo confirmed by future events or where the
amount of the obligation cannot bo measured reliably. Contingent assets are not recognised, out are dsdosed where an inflow of economic
benefits is probable.

2.5 Financial instruments

A financial instrument is any contract that gives rise to a financial asset of ore entity and a financial liability or equity instruriont of another entity.

{iji Financial assets

All flhahdal Assets are recognised intlally at fair value plus, In fre case of flhanclai assete hot recorded at fair value thtough profit or loss,
transaction costa that are attributable to fre acquisition of the financial asset Transaction costs of financial as sots caniecl at fair value through
profit or lose- are expensed in profit and loss.

Subsequent measurement of debt instruments depends on ths Company's business modal for managing ths assets and the cash flew
characteristics of fro assets. There are three measurement categories into which fro Company classifies its debt i nstruments;

Amortised east' Assets that are hdd for collection of contractual cash flows '//here those cash nows represent solely payment of principal and
interest (5PPI) are measured at amortised cost Alter initial measurement such financial assets; are subsequently measured at amortised cost
using the effective interest rats (EIR) method. Amortised coat is calculated by ts king into account any discount or premium on acquisition and fees
or costs [hat are an integral pari of the EIR. The EIR amortisation is included in other income in the profit or loss. The losses arising from
impairment arc recognised In fro profit or I oss.

Fair value through other comprehensive income (FVOClji: Assets that are held for collection of contractual cash flows and for selling the
assets, v/here the assets' cash flows represent solely payment of principal and interest {SPPh. are measured at flair value through other
comprehensive income. Fair value movements are recognised in the other comprehenave income, except for the recognition of impamnent gains
or Ioesbs, interest income and foreign exchange gain Hnd losses- which are recognised in profit and loss. V'frien the financial assets- is
derecognised, this cumulative gain or loss previously recognised in OCI is redassified fromi equity to profit or loss-. Interest income from these
fiharclai assets Is included lh other income usirg fr# frftectfvs interest rate mefriod

Fair value through profit and loss jFVPL): Assets that do not meet the criteria for smorised cost or FVOCI are measured at fair value through
profit or los-s. Debt instruments included v/ithin the FVPL category sre maasunad at fair value with all charges recognized in the statement in profit
and loss. Interest income from these financial assets is included in other income using the effective interest rate method.

All equity investments in scope of ind-AS 109 are measured at flair value. Equty instRrnente which are held tor trading are classified as at FVPL.
For all other equity instruments, the Company may classify the seme either be at FVTOCI or FVFL. The Company makes such election on an
instrument-by-instrument basis. The dessfi cation is mode on initial recognition and is irrevocable.

Equity instruments which are classified as FVOCi, all rail- value chants on the instrument excluding dvidends ate recognized In tie OCI. There
is no reading of the amounts from OCI to prent and Ios®, even on sale of investment. However, the company may transfer the cumulative gam ot
loss within equity. Equity instruments included within the FVPL category are measured at fair value with all charges recognised in the profit or

I CBS.

Impairment of financial ass els

The Corrfahy assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised cost and FVOCI
debt irstTiments. The impainnent methodology applied depends on whether there has been a significant increase in a edit risk.

The Company applies the 'simplified approach' for recognition of impairment loss- allowance on trade receivables. The application of simplified
approach does not require the Company to track changes in 'credit risk. Rather, it recognise impeinnent loss allowance based on lifetime Expected
ÝCredit Losses" (ECL) at each reporting date, right fromi its initial recognition.

For recognition of impairment loss on other financial assets ahd risk* exposure, the Compahy determines that whe-finer friere has besh a significant
increase in trie crecit risk since initial recognition. If crecit risk has not increased significantly, 12-month ECL is used to- provide for impairment
loea. However, if credit risk has increased significantly, lifetime ECL is used. If. in a BUosequent period, credit quality of the instrument improves
such that there is no longer a significant increase in credit risk' since initial recognition, fricn the entity reverts to recognising impairment loss
allowance based oh 12-month EC-L

Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a financial instrument. The 12-
month ECL ia a portion of the lifetime ECL which results from default events on a financial instrument that are possible within 12 months after the
reporting date. ECL is the difference between all contractus! cash flows that are due to the company in accordance with the contract and all the
cash flows that the entity expects to receive (i.e.. all cash shortfalls), discounted at the original EIR. Whan estimating the cash flows, an entity is
required to consider:

* All contractual terms of the financial instrument ^including prepayment, extension, call and smllar options) over the expected lire of the
financial instrument. However, in rare cases when the expected llte of tine financial msfrument cannot be estimated reliably, then tne entity is
required to use the rsmairi ng contractual term of the firandal instrument

* Cash fleviMrem the sale of collateral held of other credit enhancements that are Integral to tire contractual terms

ECL impairment I oss allowance (or reversal) reeogNred during the period is recognised as income/ expense In the statement of profit or loss. This
amount is reflected in a separate line in the profit or loss as an impairment gain or loss.

fiij Financial liabilities

All financial liabilities are recognised initially at fair value and, in trie case of loans and bonowmga and trade and payables, net of directly
attributable transaction costs. The measurement of financial liabilities depends on their classification, as described below:

Financial liabilities at fair value through profit or loss:

Fmahda! liabilities at felt value through prow or loss include financial liabilities designated upon initial reoogntlon as at to ir value through profit or
loss. For liabilities designated as FVPL, fair value gains/ losses attributable te changes in own credit risk are recognized in OCI. These gains/loss
are not subsequently transfsned to profit or loss. However, trie Ccmpany may transfer the cumulative gain or loss v/ithin equity. All other changes
in fair value of such liability are recognised in the statement of profit or I oss.

Financial liabilities al amortized cost

Financial liabilities classified and measured at amortised such as loans and bonowings, trade and other payable are initially recognized at fair
value, net of transaction cost incuned. After initial recotjiition, firancial liabilities are subsequently measured at a mortised cost using fre Effective
interest rate {EiR) method. Gains and losses are reco^iised in profit or loss when fre liabilities are derecognised as well as through fre EIR
amortisation process-. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an
integral part of the EIR. The EIR amortisation is included as finance costs in the statement of profit and I ess.

De-re cognition

A financial liability is derecognised whtn toe obligation under toe liability is discharged or cancelled or expires. When an existing financial liabili^.¹
is replaced by arc-thcr From the same lender on substantially differenttertns, or the terms of an existing liability are substantially modified, such an
exchange or modification is treated as the de-recognition of the original liability and the recognition of a new liability. The difference- in the
respective carrying amounts is recogni sed i n the statement of profit or loss.

2.6 Properly, Plant and tquipment

Tangible assets are stated at cost cf acquisition less- accumulated depredation and impairment loss, if any. Cost indude acquisition cost which is
directly attribufabe to bring the assets to its working condition

The company has not charged any depreciation tor toe curreht year the balance in the fixed asset represent toe scrap value of the asset at the
time of sale as par the provisions contained in cornpani be act, 2013

2.7 Cash and cash Equivalents

Cash and cash equivalents comprise cash at bank and in hand, short-term deposits with banks with original maturity of less- friah three months
and shortterm highly liquid investments, that are readily convertible into cash and which are subject to insi^nti cant r isk of changes in tine principal
amount. Bank overdrafts, wnich are repayable on demand and form an integral part of the operations are included in cash and cash equivalents

2.B Segment Reporting

The accounting pclidos adopted tor segmioht reporting are in conformity with the accounting policies of toe- C-ompany. Segment revenue, segment
expenses, segment assets and segment liabilities have been identified to segments on Ihe bass of their relationship to tne operating activities of
11% segment Revenue, expenses, assets and liabilities wnich relate to the Company as a whole and ar e not allocable to segments on a
reasonable basis ha've been included under 'unallocated revenue / expenses.' assets .' liabilities¹

2.9 ba mm g s per share

Bade- earnings per share are computed by divicing the profit j (less) by the weighted average number of equity shares- outstanding during the year.
Earnings considered lh ascertain ng the Compahys earnings, pet share are the profit,' (loss? tor the year alter dedur-tlhg preference dvldehds and
attnbufeib* taxes attributable to equity shareholders. The weighted average number of equity shafts outstanding curing the year and tor all years
presented is adjusted for events, such as- bonus shares-, oilier thar ihe conversion of potential equity shares that have changed ihe number of
equity shares outstanding, without a corresponding change in resources.

For toe purpose of calculating diluted earnings pet share toe profit.' jloasj the year are adjusted for trie effects of changes in income,
expenses, tax and dividends that would have occurred had the dilutive potential equity shares- been converted into equity shares. Such
adjuatmenta after taking account cf tax include preference- dividends cr ether items related to convertible preference shares, interest on
convertible debt end any ether changes in income or expense that 'would result from the conversion of dilutive potential ordinary shares. The
weighted average number of shares outstanding during the year is. adjusted tot toe effestooraJi dilutive potential equity shares.

1 Capital managemenl

TT-ih Company manages >"Ý uapilo .a snsui e haL .I '.' Campewy wil be able L^- aan.nus- as a -j-jii g ounewn v.hle maximising d-o rs-.uin jo sla->.ehi!l'Jeis Uirou^-i ha op.iniixaLiori
o' die drb.and equity balance.

I hr: cap rial structure etthe Company ennaxto -a* nee elefct ana bats l cqury o* the- Damp any

Ilia Company r, not sue a-" 1a any externally imposed capital re quire merits. I ha Cnrpanyx beard tit dram an reviews tha capital srurtune an an annual basis. I he nr ana a I
ha up tor tha company are king term in naura as it is n irrra structure bjsncss llicreta-rc- all new cap Is I nequrs mens are duly d semaed try 1i- hoard et drecarrs. I he
Dampany mannars its csprsl using gram:, rmi, which & net elefct drvidc a te total c-gurry Nat debt inelude s bemowings kess cash and cosh equ vakents and ather bank
balances.

3 Financial rfeH mflnaQemttntobJtctluea

TTiu Company'*i Cuipoiajr nuance deparbnun. monitor«Ý and manages Lht rina.rciaJ risks- relating jo Lfnr of;wa.>jne o' Jiv Company through nlv nal ris-*. iHporLs wtich wualjsa
lit exposures by dajjsa eimJ inayni.udw jI riaKa. TfnrsH rfc-w riokidH marke. ns-ttimdudrig ounenuj-risk, injures. ra.j» risk and other !_Ý i=_e risk) omdL risk and IqjiJiLv ne-!.

4 Credit risk management

Credit risk re ere aa the risk :uta counterparty wil do'auh on r.s contracua oblga-ions resulting in financial lass ao the Company. The- C-cmpany has udap.ed a pel key of arly
seal -g with eredibverthy counterparties ard obtaining SLrcientcollateral, where appropriate-, os a rrioane o^J mitigating toe r £Ý•Ý af inaneal bee Item defaults.

Trade nscciuablcs

Trade- reccrvabes esreast of a targe- number >af oustesmers, spread aeroxx diverse industries and geographical areas Ongoing credit evaluation is penarmed on toe financial
ccnditian o^J trade receivable! and v.tiere appropriate erode guarantee nsjranee cover s purchased. I he eus.anemq ~.radc receivables are rogularty monitored and
aperep- a.e aerie i is ta-oen^ercollccnon of overdue trade recc- cab cs.

Dash anrl bank balances

TTiu uediLris-'. on liquid undsand ohei bank deposits ia Imilud Lt-jsj-t die ooun jbipar iwa n Lon-os wifi high credit-ratings owsiyiisd by nlsmaLicnoJ ersdi.-ro. jrig sgsi oiea.

£ Liquidity rle H mMiagnmnt

Lir^jidity n?k re'cre to the n3* s-^J imananl dense* or emeiijrdriery hah Inenarq cso^e aneing due :d shores Iqud ^JLinda in a axiaton where fiuaneee ctHidibsua-

mekpscredly deteriorate and nqurna hnencing. inmate rsepdneitotly tor liquidity ne< menaaenient reeta wrh the bMid or directors Hie Uornpsitj managed tquislty nek fcy
maintonng reeervee and banking laalnea, by asmtiiuouely mennamig torecaet and scual ceieh i&v^ and by mateftng the maturity prunes u'financial aeeeteand liafcilnee

hr. tolln^'iii^ taPIcs derail the Carpanya re naming i^TTi VLBl maturity hr rts financial iabiitirrs with agreed repayment penrrda and ita financial asse-ra. I he :ab» haue teen
drawn up base:! on ttie undsccuntrd eaah Idv.-x. a~ ~naneial I a hi if, baaed an Bin r.s rlie*: dare nnv.Hiidi rhe Company can Pe retired ti pay I lie taPIcs include troth nteiear
and prnimpal m^i "lews

1'4- Compliance with approved Schcmcfi;] of Arrangirmimis

The company did net neve any such wranaemante In toa current year.

25 Disc!e*sure of Transactions with Struck of#companies

The Company dd not have any malaria! iransgclmnewin cornp&niet stuck ot# under Section £48 of 1he Companies Acl, 2013- or Seclian

2C No tran^ardon:; So report against -the following disclosure rcquircrnienIs as notified by MCA pursuant to amendnd Schedule III:

•;&;i Crypto Cuirency or Virtual Curranty

Ýjb) Bsriami Property held under Prohibition d4 Bsnarri Praperby Transactions Act, 1935-arid rules made ihsreund-r
*0) Regietration ot chargee or satisfaction with Rngietrar of Conpenes
Ý;d) Relating la borra'.ved tonde;

i W1lt.1l defa Liter

ii Utilisaaon of borrowed funds & share prenium

III. Eorrawmgs obtained on fie fcaaia ot security of current assets

iv. Discrepancy in utdlination of barrawingp

v. Current maturity of lung torn bumwings

As per our report off even date

For and on behalf of the Board of Directors

For M.CJain ft. CO
CMflr1er«l Accountants
Flrmi RefllBtraticm No, : 304D12E

Rajendra Rula Narendra Ruia Renu Vyas

CA Vatsal GohiH Whole lime Director Director S- Cf O Company Secretary

Partner DIN;C1 JCC&iJ DUN M 22&31 2 f.ino. A6M27

Membtrslil p No.: 14-5050 Ptoce: Mumbai

Place: Mumbai Date: 23-hlay-2tJ24

Dale: 23-fs1ay-2024