j Provisions, Contingent liabilities and Contingent assets

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an
outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions
(excluding retirement benefits and compensated absences) are not discounted to its present value and are determined
based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet
date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements.
A contingent asset is neither recognised nor disclosed in the financial statements.

k Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash
that are subject to an insignificant risk of change in value and having original maturities of three months or less from the
date of purchase, to be cash equivalents.

For, Darjeeling Ropeway Co Ltd For K M Chauhan & Associates

Chartered Accountants
FRN -125924W

Sd/- Sd/-

Mr. Ashok Jain Ms. Viha Jain

Managing Director Director CA Bhavdip P Poriya

DIN - 03013476 DIN - 10818292 Partner

M. No-154536
Place: Rajkot

Sd/- Sd/- Date : 15/05/2025

Mr. Sahil Gujral Priyanka Bakhtyarpuri UDIN - 25154536BMLFFI1481

CFO Company Secretary