2.2.12. Provisions and contingencies:

A provision is recognized when the Company has a present obligation as a result of past events,
and it is probable that an outflow of resources will be required to settle the obligation in respect
of which a reliable estimate can be made. Provisions (excluding retirement benefits) are not
discounted to their present value and are determined based on the 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 disclosed in the
Notes.

29. Contingent Liabilities:

Company has given bank guarantees of Rs. 6,80,930/- which is still payable as on the date of Balance
Sheet.

Company has outstanding export obligations as on 31st March 2025 amounting to Rs. 94,00,000/- in
respect of import made under Advance Authorisation.

30. Disclosure in respect to Related Parties pursuant to Accounting Standard ‘18’:

30.1 List of Related Parties:

Companies and concerns under common management:

M/s. Cryogenic Liquide (Proprietor - Mr. Nilesh N. Patel)

Key Management Personnel:

33. In the opinion of the management, the Current Assets, Loans & Advances have a value
on realization in the ordinary course of business, at least equal to the amount at which they
are stated in the Balance Sheet. The provision for depreciation and other known liabilities are
adequate and not in excess of what are required.

34. The Accounts of certain debtors, loans and advances given / received, creditors are,
however, subject to confirmations and reconciliations, if any. The management is confident
that the impact whereof for the year on the financial statements will not be material.

D Other Statutory Information

i) The Company does not have any Benami Property, where any proceeding has been Initiated or pending against

⁾ the company for holding any benami property.

ii) The Company does not have any charges or Satisfaction which is yet to be registered with ROC beyond the

⁾ Statutory period.

iii) The Company has not traded or invested in Crypto currency or Virtual currency during the year.

the company has not advanced or loaned or invested funds to any other person(s) or entity(es), including foreign

i_v) entities (Intermediaries) with the understanding that the intermediary shall: (i) directly or indirectly lend or invest in
⁾ other persons or Entities identifed in any manner whatsoever by on behalf of the company(ultimate beneficieries)

or (ii) 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(ies), including foreign entities (Funding
Party) with the understanding (whether recorded in writing or otherwise) that the company shall: (i) directly or

v) 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 (ii) provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

vi) The Company does not have any such transaction which is not recorded is not recorded in the books of accounts
and that has been surrendered or disclosed as income during the year in the tax assessmens under the Income
Tax Act,1961 (such as, search or urvey or any other relevant provisions of the Income Tax Act,1961)

x) The Company does not have any subsidiaries.

36. Previous year’s figures have been regrouped / reclassified wherever necessary
to correspond with the current year’s classification / disclosure.

In terms of our report attached. ^{For and on behalf of the Board of Directors}

For MALOO BHATT & CO. CRYOGENIC OGS LIMITED

Chartered Accountants (Formerly known as Cryogenic Liquide Private Limited)

Shyam Sunder Lohia Sd/- Sd/-

P_art_ner Nilesh N. Patel ^{Dhairya Patel}

M. N_o. 426642 Chairman and Managing Director ^{Executive Direct}°r

_F._R. _No. 1₂957₂W (DIN : 01368574) (DIN : 09145811)

Place : Vadodara Sd/- Sd/-

D_at_{e :} 31/05/2025 Ravi M. Jain Rashmi K Otavani

CFO Company Secretary

M.No. A26905