12. Accounting for Provisions, Contingent Liabilities and Contingent Assets -

Provisions are recognized in terms of Accounting Standard 29 - 'Provisions, Contingent
Liabilities and Contingent Assets' issued by the ICAI, when there is a present legal or
statutory obligation as a result of past events where it is probable that there will be outflow of
resources to settle the obligation and when a reliable estimate of the amount of the obligation
can be made except provision for Retirement Benefits which are dealt as per Accounting
Standard 15.

During the year no Contingent Liabilities are recognized and there is no occasion for such
recognition.

Contingent Assets are not recognized in the financial statements.

13. Prior Period Item / Extra-Ordinary Items -

Prior period items, and extra ordinary items, if material, are separately disclosed in the notes to
the accounts is a policy of the Company.

14. Earning per share

Basic earnings per share is computed by dividing the net profit after tax by the weighted average
number of equity shares outstanding during the period.

Adjusted earnings per share is computed by dividing net profit after tax by the average number
of equity shares including bonus shares outstanding during the period.

15. Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the
effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating
cash receipts or payments and item of income or expenses associated with investing or financing
cash flows. The cash flows from operating, investing and financing activities of the Company
are segregated.

B) Notes on Accounts -

1. Depreciation

Pursuant to the enactment of Companies Act, 2013 the company has applied the estimated
useful lives as specified in Schedule II, except in respect of certain assets as disclosed in
accounting policy on Depreciation, Amortization and Depletion. Accordingly, the unamortized
carrying value is being depreciated / amortized over the revised/ remaining useful lives.

2. Third Party Confirmation

In most of the cases, confirmation from the parties grouped under sundry debtors, sundry
creditors, loans & advances has not been received by the company. These balances have,
therefore been taken as per the books subject to reconciliation & adjustments, if any.

3. Long Term Borrowings

During the year, Company has outstanding Long Term Unsecured Loans from Associate
Concern, Directors, Shareholders amounting Rs. NIL (Previous year Rs. NIL) as per condition
stipulated by Bank.

4. Trade Receivables

Outstanding debts having found not realizable are treated as bad and has been written off in the
relevant financial year.

5. Trade Payables

Outstanding credit balances having found not payable are treated as bad and has been forfeited
in the relevant financial year.

6. As informed by the management that the liability / refund of all Indirect Taxes will be accounted
on finality of claims from concerned department.

7. Previous years figures have been regrouped and recasted wherever necessary to make them
comparable to current years figure.

16. Relationship with Struck off Companies

Where the company has any transactions with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of Companies Act, 1956, the Company shall disclose the
following details:-

17. Registration of charges or satisfaction with Registrar of Companies

Where any charges or satisfaction yet to be registered with Registrar of Companies beyond the
statutory period, details and reasons thereof shall be disclosed.

18. Compliance with number of layers of companies

Where the company has not complied with the number of layers prescribed under clause (87)
of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017,
the name and CIN of the companies beyond the specified layers and the relationship/extent of
holding of the company in such downstream companies shall be disclosed.

19. Following Ratios to be disclosed:

(a) Current Ratio (Current Asset / Current Liabilities) - 48.79 Reduction in Current asset.

(b) Debt-Equity Ratio (Loans/ Capital Account Net Profit) - NA

(c) Debt Service Coverage Ratio (PBIT/Interest) - NA

(d) Return on Equity Ratio (Net Profit/ Capital Account Net Profit)- (0.077)- Loss due to no
operational income.

(e) Inventory turnover ratio (Turnover/ Closing Stock) - NA

(f) Trade Receivables turnover ratio (Sundry Debtors/Turnover) - NA

(g) Trade payables turnover ratio (Sundry Creditors/Turnover) - NA

(h) Net capital turnover ratio (PBIT/ Turnover) - NA- No turnover during the current financial
year.

(i) Net profit ratio (Net Profit/Tumover) - NA- Loss due to no operational income.

(j) Return on Capital employed (PBIT/ Capital Employed) - (0.077)- Loss due to no operational
income.

The company shall explain the items included in numerator and denominator for computing the
above ratios. Further explanation shall be provided for any change in the ratio by more than
25% as compared to the preceding year.

For, DMKH & Co For, Kshitij Investments Limited

Chartered Accountants

Partner Dipika Agarwal Ramlakhan Shiv Singh

Membership No.122962 Director Director

Firm’s Registration No. 116886W Din:07584659 Din:02898800

UDIN:- 24122962BKBENW9381

Place - Pune

Date - 29/05/2024