2.7 Provisions, contingent liabilities and contingent assets
Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a
past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and a reliable estimate can be made of the amount of the obligation. Expected future operating losses
are not provided for.

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.

Where discounting is used, the increase in the provision due to the passage of time is recognized as a finance
cost.

Contingent liabilities and contingent assets

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that
may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present
obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is
made.

Contingent assets are not recognized in the financial statements. However, contingent assets are assessed
continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and related
income are recognized in the period in which the change occurs.

Onerous contracts

A provision for onerous contracts is recognised in the statement of profit and loss when the expected benefits to
be derived by the Company from a contract are lower than the unavoidable cost of meeting its obligations under
the contract. The provision is measured at the present value of the lower of the expected cost of terminating
the contract and the expected net cost of continuing with the contract. Before a provision is established, the
Company recognises any impairment loss on the assets associated with that contract.

Reimbursement rights

Expected reimbursements for expenditures required to settle a provision are recognised in the statement of profit
and loss only when receipt of such reimbursements is virtually certain. Such reimbursements are recognised as
a separate asset in the balance sheet, with a corresponding credit to the specific expense for which the provision
has been made.

2.8 Interest Income

Interest Income mainly comprises of interest on Margin money deposit with banks relating to bank guarantee
and term deposits.

Interest income or expense is recognised using the effective interest method (EIR).

Interest is recognized using the time-proportion method, based on rates implicit in the transactions.

2.9 Tax Expenses

Income tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent that
it relates to a business combination, or items recognised directly in equity or in Other comprehensive income.

The Company has determined that interest and penalties related to income taxes, including uncertain tax
treatments, do not meet the definition of income taxes, and therefore accounted for them under Ind AS 37
Provisions, Contingent Liabilities and Contingent Assets.

Current tax

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid
to the taxation authorities. The tax rates and tax laws used to compute the amount are those that are enacted
or substantively enacted, at the reporting date. Current income tax relating to items recognised outside the
statement of profit and loss is recognised outside the statement of profit and loss (either in OCI or in equity in
correlation to the underlying transaction). Management periodically evaluates positions taken in the tax returns
with respect to situations in which applicable tax regulations are subject to interpretation and establishes
provisions, where appropriate.

Deferred tax

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and
liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax liabilities and assets are recognized for all taxable temporary differences and deductible temporary
differences.

Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against
which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses
can be utilized.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it
is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset
to be utilised.

Unrecognised deferred tax assets are re-assessed at each reporting date and are recognised to the extent that it
has become probable that future taxable profits will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the
asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively
enacted at the reporting date.

Deferred tax relating to items recognised outside the statement of profit and loss is recognised outside the
statement of profit and loss (either in OCI or in equity in correlation to the underlying transaction).

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax
assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation
authority.

Minimum alternate tax (MAT) paid in a year is charged to the statement of profit and loss as current tax for the

year. The deferred tax asset is recognised for MAT credit available only to the extent that it is probable that the
Company will pay normal income tax during the specified year, i.e., the year for which MAT credit is allowed
to be carried forward. In the year in which the Company recognizes MAT credit as an asset, it is created by way
of credit to the statement of profit and loss and shown as part of deferred tax asset. The Company reviews the
"MAT credit entitlement" asset at each reporting date and writes down the asset to the extent that it is no longer
probable that it will pay normal tax during the specified period.

Goods and Service Tax (GST) paid on acquisition of assets or on incurring expenses

When the tax incurred on purchase of assets or services is not recoverable from the taxation authority, the tax
paid is recognised as part of the cost of acquisition of the asset or as part of the expense item, as applicable.
Otherwise, expenses and assets are recognized net of the amount of taxes paid. The net amount of tax recoverable
from, or payable to, the taxation authority is included as part of receivables or payables in the balance sheet.

2.10 Earnings Per Share
Basic earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity
shareholders (after deducting preference dividends and attributable taxes) by the weighted average number of
equity shares outstanding during the year.

The weighted average number of equity shares outstanding during the year is adjusted for events such as bonus
issue, bonus element in a rights issue, share split, and reverse share split (consolidation of shares) that have
changed the number of equity shares outstanding, without a corresponding change in resources.

Diluted earnings per share

Diluted earnings per share is computed by dividing the profit (considered in determination of basic earnings
per share) after considering the effect of interest and other financing costs or income (net of attributable taxes)
associated with dilutive potential equity shares by the weighted average number of equity shares considered for
deriving basic earnings per share adjusted for the weighted average number of equity shares that would have
been issued upon conversion of all dilutive potential equity shares.

2.11 Segment reporting

The Company is engaged in the in " Construction " and the same constitutes a single reportable business
segment as per Ind AS 108.And hence segment reporting specified as per IND AS 108 is not applicable.

2.12 Share capital

Incremental costs directly attributable to the issue of equity shares are recognised as a deduction from equity.
Income tax relating to transaction costs of an equity transaction is accounted for in accordance with Ind AS 12.

2.13 Determination of fair values

The Company's accounting policies and disclosures require the determination of fair value, for certain financial
and non-financial assets and liabilities. Fair values have been determined for measurement and/or disclosure
purposes based on the following methods. When applicable, further information about the assumptions made
in determining fair values is disclosed in the notes specific to that asset or liability. A fair value measurement
of a non-financial asset takes into account a market participant's ability to generate economic benefits by using
the asset in its highest and best use or by selling it to another market participant that would use the asset in its
highest and best use.

Property, plant and equipment

Property, plant and equipment, if acquired in a business combination or through an exchange of non-monetary
assets, is measured at fair value on the acquisition date. For this purpose, fair value is based on appraised
market values and replacement cost.

Investments in equity and debt securities and units of mutual funds

The fair value of marketable equity and debt securities is determined by reference to their quoted market price
at the reporting date. For debt securities where quoted market prices are not available, fair value is determined
using pricing techniques such as discounted cash flow analysis. In respect of investments in mutual funds,
the fair values represent net asset value as stated by the issuers of these mutual fund units in the published
statements. Net asset values represent the price at which the issuer will issue further units in the mutual fund
and the price at which issuers will redeem such units from the investors. Accordingly, such net asset values
are analogous to fair market value with respect to these investments, as transactions of these mutual funds are
carried out at such prices between investors and the issuers of these units of mutual funds.

2.14 New standards adopted by the company

Ind AS 1 - Presentation of financial information

The amendments require companies to disclose their material accounting policies rather than their significant
accounting policies. Accounting policy information, together with other information, is material when it can
reasonably be expected to influence decisions of primary users of general purpose financial statements. The
Company does not expect this amendment to have any significant impact in its financial statement.

Ind AS 12 - Income Taxes

The amendments clarify how companies account for deferred tax on transactions such as leases and
decommissioning obligations. The amendments narrowed the scope of the recognition exemption in paragraphs
15 and 24 of Ind AS 12 (recognition exemption) so that it no longer applies to transactions that, on initial
recognition, give rise to equal taxable and deductible temporary differences. The Company does not expect this
amendment to have any significant impact in its financial statements.

Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors

The amendments will help entities to distinguish between accounting policies and accounting estimates. The
definition of a change in accounting estimates has been replaced with a definition of accounting estimates.
Under the new definition, accounting estimates are "monetary amounts in financial statements that are subject
to measurement uncertainty". Entities develop accounting estimates if accounting policies require items in
Restated financial information to be measured in a way that involves measurement uncertainty. The company
does not expect this amendment to have any significant impact in its financial statements.

2.15 New Accounting pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued from time to time. For the year ended March 31,
2024, MCA has not notified any new standards or amendments to the existing standards applicable to the
Company.