g) Provisions, contingent assets and contingent liabilities

Provisions are recognised only when there is a present obligation, as a result of past events, and when a reliable estimate ot the amount of obligation
can be made al the reporting date. These estimates are reviewed al each reporting date and adjusted to reflect the current best estimates. Provisions
are discounted to their present values, where the time value of money is material

Contingent liability Is disclosed fori

• Possible obligations which will be confirmed only by future events not wholly within the control of the Company or

• Present obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable
estimate of the amount of the obligation cannot be made

Contingent assets are not recognized. However, when Inflow of economic benefit is probable, related asset is disclosed.

h) Revenue recognition

The Company Is engaged in real estate property development.

The core principle of Ind AS 115 is that an entity should recognise revenue to depict the transfer of promised goods or services to customers In an
amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Specifically, the standard
introduces a 5-step approach to revenue recognition:

Revenue is recognized on satisfaction ot performance obligation upon transfer of control ot products to customers In an amount that reflects the
consideration the Company expects to receive in exchange (of those products

Step 1. Identify the conlract(s) with a customer
Step 2. Identify the performance obligation in oontract

Step 3 Determine the transaction price

Step 4 Allocate the transaction pnce to the performance obligations in the contract
Step 5: Recognise revenue when (or as) the entity satisfies a performance obligation

Under Ind AS 115. an entity recognises revenue when (or as) a performance obligation is satisfied i.e when ‘control' of the goods or services
underlying the particular performance obligation is transferred to the customer. The Company has completed its evaluation of the possible Impact of
Ind AS 115 and has adopted the standard from 1st April. 2018.

Interest Income

Interest income is recognised on an accrual basis using the effective interest method.

I) Recent accounting pronouncements

Ministry ot Corporate Affairs ('MCA’) notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards)
Rules as issued from tlm« in time During year ended March 31. 2024. MCA has not notified any new standards or amendments to the existing
standards applicable to the Company.

Note 15- Financial instruments:

i) Fair values hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position are
grouped into three levels of a fair value hierarchy. The three levels are defined based on the observability of
significant Inputs to the measurement, as follows:

Level 1: quoted prices (unadjusted) in active markets for Identical assets or liabilities;

Level 2: The fair value of financial instruments that are not traded in an active market is determined using
valuation techniques which maximise the use of observable market data and rely as little as possible on
entity specific estimates

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).
Financial assets and liabilities measured at fair value - recurring fair value measurements

A) Credit Risk

Credit risk is the risk that a customer or counterparty to a financial instrument will fall to perform or pay amounts due to the Company causing financial loss It
wises from cast) and cash equivalents, Uepusits wilti banks and financial institutions, secunly deposits, loans given and principally from credit exposures to
customers relating to outstanding receivables. The Company’s maximum exposure to credit nsk is limited to the carrying amount of financial assets
recognised at reporting date.

The Company continuously monitors defaults of customers and other counterparties, identified either individually or by the Company, and incorporates this
information into its credit risk controls Where available at reasonable cost, external credit ratings and/or reports on customers and other counterparties aie
obtained and used The Company's policy is to deal only with creditworthy counterparties

In respect of trade and other receivables, the Company is not exposed to any significant credit risk exposure to any single counterparty or any company of
counterparties having similar characteristics The Company has very limited history of customer default, and considers the credit quality of trade receivables
that are not past due or impaired to be good

The credit risk for cash and cash equivalents, mutual funds, bank deposits, loans and denvative financial instruments is considered negligible, since the
counterparties are reputable organisations with high quality external credit ratings

Company provides for expected credit losses on financial assets by assessing individual financial instruments for expectation of any credit losses. Since the
assets have very low credit risk, and are for varied natures and purpose, there is no trend that the company can draws to apply consistently to entire
population For such financial assets, the Company's policy is to provides for 12 month expected credit losses upon initial recognition and provides for
lifetime expected credit losses upon significant increase in credit nsk The Company does not have any expected loss based impairment recognised on such
assets considering their low credit nsk nature, though Incurred loss provisions are disclosed under each sub-category of such financial assets

Thera is no trail* menviabifl at and of year ended in current year and previous year

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of
committed credit facilities to meet obligations when due Due to the nature of the business, the Company maintains flexibility in funding by maintaining
availability under committed facilities.

Management monitors rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis of expected cash flows. The Company
takes into account the liquidity of the market in which the entity operates in addition, the Company's liquidity management policy involves projecting cash
flows in major currencies and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios against internal and
external regulatory requirements and maintaining debt financing plans. The Company has not provide any interest expenses during year on the outstanding
director loan in line with the board resoluation passed by company

Note 18 - SEGMENT REPORTING

The Company determines Operating Segments as components of an entity for which discrete financial information Is available that is evaluated regularly by
Chief Operating Decision Maker (CODM). in deciding how to allocate resources and assessing performance a) The Company operates mainly in project
involving development of Land and Building. All other activities are incidental thereto and integrated, which have similar risk and return

Considering the nature of Company’s business, as well as based on reviews by CODM to make decisions about resource allocation and performance
measurement, accordingly, there are no separate reportable Segment as far as primary Segment is concerned in accordance with the requirements of Ind AS
-108 - Operating Segments ', prescnbed under the Companies (Indian Accounting Standards) Rules, 2015

Not* 19 ACCOUNTING FOR TAX

Current Tax is accounted on the basis of estimated taxable income for the current accounting year and in accordance with the provision
of Income Tax Act. 1961

Note 20 DISCLOSURES SPECIFIED BY THE MSMED ACT

As per tho information available with the company there are no Micro Small and Medium Enterpnses as defined under the "Micro. Small
and Medium Enterpnses Development Act. 2006" and hence not reported

Note 21 CONTINGENT LIABILITY NOT PROVIDED FOR :

There are no contingent liability which is not provndod for

Note 22 Other Statutory information

(I) Tho Company does not have any Benami property, wnere any proceeding has been initiated or pending against the Company for any
Benam* property

(il) Tho Company does not have any transaction with companies struck off

(in) Tho Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period
(Iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

(v) The Company has not been declared wilful defaulter Dy any bank or financial institution or government or any government authonty
(vi) The Company has not advanced or loaned or invested funds to any other person(s) or ennty(ies). including foreign entities

(intermed»ar.es) with the understanding that the Intermediary shall

(a) directly or indirectly lend or invest m other persons or entities identified m any manner whatsoever by or on be naif of the company
(Ultimate Benefiaanes) or

(b) provide any guarantee, secunty or the like to or on behalf of the Ultimate Benefiaanes

(vm) The Company has not received any fund from any persons) or entity(ies). including foreign entities (Funding Party) with the
understanding (whetner recorded m wnting or otherwise) that the Company shall

(a) directly or indirectly lend or invest m other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party
(Ultimate Benefiaanes) or

(b) provide any guarantee, secunty or the like on behalf of the Ultimate Benefiaanes,

(vitt) The Company does not nave any transaction which is not recorded m the books of accounts that has been surrendered or disclosed as income dunng the yea' in the
tax assessments under the Income Tax Act, 1961 (such as. search or survey or any other relevant provisions of the Income Tax Act. 1961

(w) The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies
(Restncbon on number of Layers) Rules. 2017

(x) The company has not entered into any scheme of arrangement r. terms of sections 230 to 237 of the Companies Act, 2013
(*>) The company has not baan sanctioned working capital limit in the form of term loans and overdraft facilities

(**0 There is no immovable property in the books of the company whose title deed >s not held in the name of the company

Note 23 There are no matenei events after the reporting date that require disclosure in these financial statements

Note 24 The Company uses an accounting software for maintaining its books of account which has a feature of recording 3udit trad (edit log)

facility and tho same has operated throughout the year tor all relevant transactions recorded in the accounting software «w»pr mm audit
trail feature .s not enabled lor certain direct changes to the data for users with the certain pnvileged access nghts to the financial
preparation software Further no instance of audit trad feature being tampered with was noted m respect of the accounting software

Presently, the log has boon activated at the application and tne pnvileged access to database continues to be restricted to limited set of
users who necessaniy require this access tor maintenance and administration of the database

Note 2fi No dividend paid during the current year and previous year

Note 27 The previous year's figures have been regrouped and rearranged wnerever necessary to make m compliance with the current financial year

As per attached report ot even date For and on behalf of the Board of Directors j / /

For DMKH A Co. k k. 1 . / / /

FIRM REGN NO 116866W

CHARTERED ACCOUNTANTS ----- -------

x—v Z'"' NA1NESH K. SHAH UDaTmOjk 1

/ ) (-I'd • . Managing Director Director / j\

^^(y\ DINNo^00^I12 DIN No 0863&3J

MUKESH LADOTlA [k J Lrn .-A ^ XwiTAGUPTA PRASHAtffSUTAR

^Parlnef \\^\1 1 6 8 8 ( Ý * / . Company Secretary Chief Financial Officer

Membership No -401845 W?p\. Membership No F 6905

Place Gandhinagar

bXSSy Place Mumoai

Dam 30-May-24 X&-DaM 30-May 24