(j) Provisions and Contingent Liabilities: A provision is recognized when the company has a present obligation
as a result of past event; 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 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 recognized but are disclosed in the notes. Contingent Assets are neither
recognized nor disclosed in the financial statements.

Contingent liability:

Bank Guarantee

- Financial Bank Guarantee- Rs. 17.58 crores

- Performance Bank Guarantee- Rs. 24.18 crores

[l) Current Assets, Loans & Advances: In the opinion of the Board and to the best of its knowledge and
belief the value on realization of current assets in the ordinary course of business would not be less than the
amount at which they are stated in the Balance Sheet and repayable on demand. Trade Receivables as on
March 31, 2023 has been taken as certified by the management of the company and is subjected to balance
confirmations. As per the view of the management of the company there is no doubtful debt and hence
provision for doubtful debts has not been made.

[m) Earning and Expenditure in Foreign currency
(n) Related Party Transactions:

Notes to Financial Statements for the year ended March 31, 2025
Related Party Transactions:

(a) Relationship :

Directors : Mr Sanjay Patil

Mrs. Kirtinandini Patil

Mr Karan Bora (Resigned on 07-01-2025)

Mr. Praveen Panchal (w.e.f. 07-01-2025)

Key Management Personnel : Mr Sanjay Patil

Mr Vijay Oswal (Chief Financial Officer)

Mr. Pranav Chaware (Company Secretary)

Key Management Personnel's Relatives: Mrs. Safala Oswal

Group Companies: Markolines Infra Limited

Markolines Technologies Private Limited
Unique UHPC Markolines LLP (Associate)
Markolines - Evrascon JV

Notes on ratio:

1. Current Ratio increased by 32% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in current assets during the year.

2. Debt-Equity Ratio decreased by 38.21% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in Equity during the year.

3. Return on Equity Ratio decreased by 27.05% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in average share
holders equity during the year.

4. Inventory Turnover Ratio increased by 77.54% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Average
Inventory during the year.

5. Return on Investment decreased by 27.50% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in Net Return on
Investment & value of investment during the year.

NOTE 2.1.(p).

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings"

NOTE 2.1.(q). DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or
Section 560 of Companies Act, 1956 during the financial year.

The Company has reported segment information as per Accounting Standard 17 "Operating Segments" (AS 17). The identification
of operating segments is consistent with performance assessment and resource allocation by the Chief Operating Decision Maker.

Place : Mumbai