K. Provisions Contingent liabilities and contingent assets:

(i) Provision are recognized when the present obligation of a past event gives rise to a probable
outflow, embodying economic benefits on settlement, and the amount of obligation can be
reliably estimated.

(ii) Contingent Liabilities are not recognized but are disclosed after a careful evaluation of facts
and legal aspects of the matter involved.

(iii) Provisions and Contingent Liabilities are reviewed at each Balance Sheet date and adjusted
to reflect the current best estimates.

L. General:

Accounting policies not specifically referred to are consistent with generally accepted
accounting policies.

Note 27: Other Information requirements

i) The Company does not have any Benami property, where any proceeding has been initiated
or pending against the Group for holding any Benami property.

ii) The Company has no transactions with struck off companies

iii) The Company does not have any charges or satisfaction which is yet to be registered with
ROC beyond the statutory period.

iv) The Company is in compliance with number of layers of companies

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

vi) The title deeds of immovable property is in the name of the Company.

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

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

ix) 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 shall:

(a) directly or indirectly lend or invest in other persons or entities 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.

x) 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 Group 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.

xi) The Company has not any such transaction which is not recorded in the books of account
that has been surrendered or disclosed as income during the year 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.

Note 28 : General Notes :-

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

2. Balance of Depositors, Creditors, Debtors and other parties are subject to confirmations.

3. Thiese consolidated accounts are prepared for the first time

4. The company is contingently liable in respect of EPCG license of worth Rs. 1,21,03,418
taken in the year 2020-21. The export obligation period is 6( six) years.

As per our Report of even date For, Australian Premium Solar (India) Limited

For Sanjay Bajoria & Associates

Chartered Accountants

CA. Kalpesh R. Shah Dhavalkumar J. Suthar Nikunjkumar Chimanlal Patel

Partner Whole time Director Chairman & Executive Director

Membership No. : 103301 DIN - 07556437 DIN - 07834023

Firm Reg. No.: 117443W
UDIN: 25103301BMMNSN5144

Kalpesh Vakharia Hitesh Nagdev

Place : Ahmedabad Chief Financial Officer Company Secretary

Date : July 23, 2025