(3.h) Provision, contingent liabilities and contingent assets

Provision: A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that can be estimated reliably,
and it is probable that an outflow of economic benefits will be required to settle the obligation. If the effect of the time value of money is material, provisions
are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the
risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost

The amount recognized as a prd^lsion is the best estimate of the consideration required to settle the present obligation at reporting date, taking into account
the risks and uncertainties surrounding the obligation.

Contingent Liability: Contingent liabilities are possible obligations that arise from past events and whose existence will only be confirmed by the occurrence
or non-occurrence of one or more future events not wholly within the control of the Company. Where it is not probable that an outflow of economic benefits
will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic
benefits is remote. Contingent liabilities are disclosed on the basis of judgment of the management/independent experts. These are reviewed at each balance
sheet date and are adjusted to reflect the current management estimate.

(3.i) Current and Non Current classification: All assets and Liabilities have been classified as current or non-current. Based on the nature of product and
activities of the Company and their realization in cash and cash equivalent, the Company has determined its operating cycle as 12 months for the purpose of
current and non-current classification of assets and liabilities.

Deferred tax assets/liabilities are classified as non-current

NOTE 4

Major Estimates and Judgments made In preparing Standalone Financial Statements

The preparation of the Company's Standalone Financial Statements requires management to make judgements and estimates that affect the reported
amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, ant(the disclosure of contingent liabilities. These Include recognition
and measurement of financial instruments, estimates of useful lives and residual value of Property, Plant and Equipment and intangible Assets, valuation of
inventories, measurement of recoverable amounts of cash-generating units, measurement of employee benefits, actuarial assumptions, provisions etc.

Uncertainty about these Judgments and estimates could result In outcomes that require a material adjustment to the carrying amount of assets or liabilities
affected In future periods. The Company continually evaluates these estimates and assumptions based on the most recently available information. Revisions
to accounting estimates are recognized prospectively in the Statement of Profit and Loss in the period in which the estimates are revised and in any future
periods affected.

4.a JUDGEMENTS

in the process of applying the company’s accounting policies, management has made the following judgements, which have the significant effect on
the amounts recognised in the Standalone Financial Statements:

Materiality

Ind AS requires assessment of materiality by the Company for accounting and disclosure of various transactions in the Standalone Financial
Statements. Accordingly, the Company assesses materiality limits for various items for accounting and disclosures and follows on a consistent basis.
Overall materiality is also assessed based on various financial parameters such as Gross Block of assets, Net Block of Assets, Total Assets, Revenue
and Profit Before Tax. The materiality limits are reviewed and approved by the Boa rd.

Provisions and contingencies

The assessments undertaken in recognizing provisions and contingencies have been made in accordance with Ind AS 37, 'Provisions, Contingent
Liabilities and Contingent Assets'. The evaluation of the likelihood of the contingent events has required best judgment by management regarding the
probability of exposure to potential loss. Should circumstances change following unforeseeable developments, this likelihood could alter. In the
similar iine, management also on the basis of best judgment and estimate determines the net realizable value of the Inventories to make necessary
provision.

4.b MAJOR ESTIMATES

The key assumptions concerning the future and other key sources of estimation at the reporting date, that have a significant risk of causing a material
adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below.

Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances arising that are
beyond the control of the company. Such changes are reflected in the assumptions when they occur.

Useful life of property, plant and equipment and intangible assets

The estimated useful life of property, plant and equipment is based cm a number of factors including the effects of obsolescence, demand, competition
and other economic factors (such as the stability of the industry and known technological advances) and the level of maintenance expenditures
required to obtain the expected future cash flows from the asset

Useful life of the assets other than Plantand machinery are in accordancewith Schedule II of the Companies Act, 2013.

The Company reviews at the end of each reporting date the useful life of property, plant and equipment, and are adjusted prospectively, if
appropriate.

Income Taxes

The Company uses estimates and judgements based on the relevant facts, circumstances, present and past experience, rulings, and new
pronouncements while determining the provision for income tax. A deferred tax asset is recognised to the extent that it is probable that future taxable
profit will be available against which the deductible temporary differences and tax losses can be utilised.

NOTE 31

Segment information: V \

(a) The Company has identified Two reportable segments vla„Artiftcl3l Intelligence and financing of loans and Advances after taking Into account the nature of product and services and the differing risk and rerums on such
products and services. The accounting policies adopted for segment reporting are in line with the accounting policy of the company with following additional policies for segment reporting; -

0] Revenue and expenses have been Identified to a segment on the basis of relation to operating activities of the segment. Revenue and expenses that relate to an enterprise as a whole and are not allocable to a segment on
reasonable basis have been disclosed as ÝUn-allocable",

(li) Segment Assets and Segment Liabilities represent Assets and Liabilities in respective segments. Assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed as "Un-allocable",

NOTE 32

Financial Instruments

Fair values hierarchy ^ V’

SZT.¹%£?^ia ““^md “ “^f 1™"^dai l-«- « wdÝ- *"»Ý«* rf. **im«»its dlflood b„« on ft. ol slgndrjnt input, _t0 ft.

Level 1: Quoted prices (unadjusted) inactive markets for financial instruments.

Lev.' 2: The fair wine of fimndol InRnini'nt, thot Ýr.n.lWid in in imho mirkst ft dturmined using mumon technique width mubnls' tho use orobimibl. nurkrt dm rely is littlo is pnsslhl, on entity specific isdmites.
Level 3: If one or more of th e significant inputs Is not based on observable market data, the Instrument Is Included In level 3.

Capital management

The Company's objectives when managing capital are to:

- To ensure Company’s ability to continue as a going concem.and

- To provide adequate return to shareholders

Management assesses the capita] requirements in order to maintain an efficient overall financing structure. The Company manages the capital structure and makes adjustments to it In the light of changes in economic conditions and
the risk characteristics of the underlying assets. The Company manages its capital requirements by overseeing the following ratios -

NOTE 37 ^ V'

AdttlUanal Bamlitm UMaam

(I) details of Benaml Property held

No proceedings have been Initiated on or are pending against the group for holding benami property under the Benaml Transactions (Prohibition) Act. 1988 (45 of 1988) and Rules made thereunder.

(II) Wilful defaulter

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

(III) Relationship with struck off companies

The Company has no transactions with the companies struck off under Companies Act, 2D13 or Companies Act, 1956.

(Iv) Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(v) Compliance with approved schemefs] of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

(vt) Utilisation of borrowed funds and share premium

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shallr

a. directly or Indirectly lend or Invest in other persons or entitles Identified In any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries

The Company has not received any fund from any person(s) or entity(les), Including foreign entitles (Funding Party) with the understanding [whether recorded in writing or otherwise) that the Company shall:

a. directly or Indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

b. provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

(vll) Undisclosed Income

There is no income surrendered or disclosed as income during the current or previous year In the tax assessments under the Income Tax Act, 1961, that has not been recorded In the books of account
(viH) Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or vi rtual currency during the current or previous year.

(lx) Valuation of Property, Plant & Equipment, Intangible asset and Investment property

The Company has not revalued Its property, plant and equipment or intangible assets or both during the current or previous year.

(x) Tide deeds of Immovable properties not held In name of the company
All the immovable property held by the company are In its own name.

(xi) Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the statutory period.