2.13 Provisions, Contingent Liabilities and Contingent Assets:

Provision is recognized when the Company has a present obligation (legal or constructive) as a result of past events and it is probable that the outflowof resources
will be required to settle the obligation and in respect of which reliable estimates can be made.

A disclosure for contingent liability is made when there is a possible obligation, that may, but probably will not require an outflow of resources. When there is a
possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision/ disclosure is made. The Company does
not recognize a contingent liability but discloses its existence in the financial statements.

Contingent assets are not recognized in the financial statements. Provisions and contingencies are reviewed at each balance sheet date and adjustedto reflect the
correct management estimates.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, using a current pre-tax ratethat reflects, when
appropriate, the risks specific to the liability. Commitments include the amount of purchase order (net of advances) issued to parties for completion of assets.
Provisions, contingent liabilities, contingent assets and commitments are renewed at each balance sheet date.

2.14 Cash and Cash Equivalents

Forthe purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other
short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to
an insignificant risk of changes in value, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities in the balance sheet.

2.15 Earnings per equity share

Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average numberof equity
shares outstanding during the period.

Diluted earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average number of equity
shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of
all dilutive potential equity shares.

2.16 Recent Accounting Pronouncements

Ministry of Corporate Affairs (“MCA") notifies new standard or amendments to the existing standards under Companies (Indian Accounting Standards). Rules as issued
from time to time. On March 23, 2022, MCA amended the Companies (Indian Accounting Standards) Amendment Rules, 2022, applicable from April 1, 2022, as below:

Ind AS 103 - Reference to Conceptual Framework

The amendments specify that to qualify for recognition as part of applying the acquisition method, the identifiable assets acquired and liabilities assumed must meet
the definitions of assets and liabilities in the Conceptual Framework for Financial Reporting under Indian Accounting Standards (Conceptual Framework) issued bythe
Institute of Chartered Accountants of India at the acquisition date. These changes do not significantly change the requirements of Ind AS 103. The Company does not
expect the amendment to have any significant impact in its financial statements.

Ind AS 16 - Proceeds before intended use

The amendments mainly prohibit an entity from deducting from the cost of property, plant and equipment amounts received from selling items produced while the
company is preparing the asset for its intended use. Instead, an entity will recognise such sales proceeds and related cost in profit or loss. The Company does not
expect the amendments to have any impact in its recognition of its property, plant and equipment in its financial statements.

Ind AS 37 - Onerous Contracts - Costs of Fulfilling a Contract

Theamendments specifythatthatthe 'costof fulfilling' a contractcomprises the 'costs that relate directly to the contract'. Costs that relate directly to a contract can
either be incremental costs of fulfilling that contract (examples would be direct labour, materials) or an allocation of other costs that relate directly to fulfilling
contracts. The amendment is essentially a clarification and the Company does not expect the amendment to have any significant impact in its financial statements.

Ind AS 109 - Annual Improvements to Ind AS (2021)

The amendment clarifies which fees an entity includes when it applies the '10 percent' test of Ind AS 109 in assessing whether to derecognise a financial liability. The
Company does not expect the amendment to have any significant impact in its financial statements.

Ind AS 116 - Annual Improvements to Ind AS (2021)

The amendments remove the illustration of the reimbursement of leasehold improvements by the lessor in order to resolve any potential confusion regarding the
treatment of lease incentives that might arise because of how lease incentives were described in that illustration. The Company does not expect the amendment to
have any significant impact in its financial statements.

Note:

It is not practicable to estimate the timing of cash outflows, in respect of matters stated above, due to pending resolution of the proceedings.

31 - Lease

The Company has taken Land on Lease at Bhavnagar. The expense on such lease rentals recognizedinthe Statement of Profit and Loss for the year ended March 31,2025 is Rs. 0.07 lakhs (year
ended March 31, 2024 is Rs. 8.24 lakhs). The lease has varying terms, escalation clauses and renewal rights. On renewal, terms of the leases are renegotiated. All such leases are cancellable. The
Company has not given any property on sub-lease which is taken on lease contracts.

32 - Segment Reporting

Based on the "management approach" as defined in Ind AS 108, the Chief Operating Decision Maker (CODM) evaluates the Company's performance and allocates
resources based upon analysis of various performance indicators by the Operating Segments. The Company's CODM constitutes of managing director, whole-time
director and chief financial officer.

The Company has one segment ofactivity namely "Infrastructure'. The Company's operationsare limited to India only and its all assets are domiciled in India, there are
no reportable geographical segments.

33 - Employee Benefits Disclosure:

The Company has classified the various benefits provided to employees as under:-

(a) Defined contribution plans
-Provident fund

The Company has recognized the following amounts in the statement of profit and loss:

Employers' contribution to provident fund:- current year is Rs. 0.06 lakhs (previous year: Rs. 0.06 lakhs)

(b) Defined benefit plans

- Gratuity

In accordance with Indian Accounting Standard 19, actuarial valuation was done in respect of the aforesaid defined benefit plans based on the following assumptions:
Economic Assumptions

The discount rate and salary increases assumed are the key financial assumptions and should be considered together; it is the difference or 'gap' between these rates
which is more important than the individual rates in isolation.

Discount Rate

The discounting rate is based on the gross redemption yield on medium to long term risk free investments. The estimated term of the benefits/obligations works out to
zero years. For the current valuation a discount rate of 6.91% p.a. (previous year 7.32% p.a.) compound has been used.

Salary Escalation Rate

The salary escalation rate usually consists of at least three components, viz. regular increments, price inflation and promotional increases. In addition to this any
commitments by the management regarding future salary increases and the Company's philosophy towards employee remuneration are also to be taken into account.
Again a long-term view asto trend in salary increase rates hasto betaken ratherthan be guided bythe escalation rates experienced in the immediate past, if they have
been influenced by unusual factors.

36 - Financial Instruments - Accounting Classfication and Fair Value Measurements

The fair values of the financial assets and liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or
liquidation sale.

The following methods and assumptions were used to estimate the fair values:

1. Fair values of cash and short term deposits, trade and other short term receivables, trade payables, other current liabilities, short term loans from banks and other financial institutions approximate their
carrying amounts largely due to short-term maturities of these instruments.

2. Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as interest rates and individual credit worthiness of the counterparty. Based on the
evaluation, allowances are taken to account for the expected losses of these receivables.

The company uses the following hierarchy for determining and disclosing the fair values of financial instruments by valuation technique:

Level 1 : Quoted (unadjusted) prices in active markets for identical assets or liabilities.

Level 2 : Other techniques for which all inputs which have a significant effects on the recorded fair value are observable, either directly or indirectly.

Level 3 : Techniques which use inputs that have a significant effects on the recorded fair value that are not based on observable market data.

38 - Financial Risk Management and Objective Policies

The Company's financial risk management is an integral part of how to plan and execute its business strategies. The company's financial
risk management policy is set by the Managing Board.

Market risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change in the price of a financial
instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates,
equity prices and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk
sensitive financial instruments including investments and deposits, foreign currency receivables, payables and loan borrowings.

The Company manages market risk through a Board of Directors, which evaluates and exercises independent control over the entire
process of market risk management. The treasury department recommends risk management objectives and policies, which are
approved by Senior Management and the Audit Committee. The activities of this department include management of cash resources,
implementing hedging strategies for foreign currency exposures, borrowing strategies, and ensuring compliance with market risk limits
and policies.

Interest rate risk

Interest rate risk is the risk that fair value or future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. In order to optimize the company's position with regards to the interest income and interest expenses and to manage the
interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate
and floating rate financial instruments in it total portfolio.

The Company's borrowings are primarily in fixed rate interest bearing investments. Hence, the Company is not significantly exposed to
interest rate risk.

Foreign currency risk

The Company's export business does not carry any risk of foreign currency fluctuations. The Company has arrangement with the
customers and accordingly customer bear the risk of foreign exchange fluctutations.

Credit risk

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. To manage this, the
Company periodically assesses the financial reliability of customers, taking into account the financial condition, current economic trends,
and analysis of historical bad debts and ageing of accounts receivable. Individual risk limits are set accordingly.

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in
credit risk on an ongoing basis throughout each reporting period. To assess whether there is significant increase in credit risk the
company compares the risk of a default occurring an the asset at the reporting date with the risk of default as the date of initial
recognition. It considers reasonable and supportive forwarding-looking information such as:

(i) Actual or expected significant adverse changes in business.

(ii) Actual or expected significant changes in the operating results of the counterparty.

(iii) Financial or economic conditions that are expected to cause a significant change to the counterparty's ability to mere its obligation.

(iv) Significant increase in credit risk on other financial instruments of the same counterparty.

(v) Significant changes in the value of the collateral supporting the obligation or in the quality of third-party guarantees or credit
enhancements.

Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a repayment
plan with the Company. The Company categorises a loan or receivable for write off when a debtorfails to make contractual payments
greater than 2 years past due. Where loans or receivables have been written off, the Company continues to engage in enforcement
activity to attempt to recover the receivable due. Where recoveries are made, these are recognised in profit or loss.

IV. Provision for expected credit losses again "II" and "IN" above

The company has assets where the counter- parties have sufficient capacity to meet the obligations and where the risk of default is very
low. Hence based on historic default rates, the Company believes that, no impairment allowance is necessary in respect of above
mentioned financial assets.

Liquidity Risk

Liquidity Risk is defined as the risk that the company will not be able to settle or meet its obligations on time or at reasonable price. The
company's treasury department is responsible for liquidity, funding as well as settlement management. In addition, processes and
policies related to such risks are overseen by senior management. Management monitors the company's net liquidity position through
rolling forecast on the basis of expected cash flows.

Maturity profile of financial liabilities

The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting date based on
contractual undiscounted payments.

For Jayesh R Shah & Co. Sd/- Sd/-

Chartered Accountants Yogesh Shah Bhavin Shah

Firm Registration Number: 104182W Managing Director Director

DIN:00169189 DIN:03129574

Sd/-

Jayesh Shah Sd/- Sd/-

Proprietor Jigar Shah Nipa Thakker

Membership Number: 033864 Chief Financial Officer Company Secretary

Place: Mumbai Place: Mumbai

Date: 30/05/2025_Date: 30/05/2025_