m) Provisions and Contingencies

The Company recognizes provisions when a present obligation (legal or constructive) as a result of a
past event exists and it is probable that an outflow of resources embodying economic benefits will be
required to settle such obligation and the amount of such obligation can be reliably estimated.

If the effect of time value of money is material, provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to the liabilities. When discounting is used, the
increase in the provision due to the passage of time is recognized as a finance costs.

A disclosure for a contingent liabilities are made when there is a possible obligation or a present
obligation that may, but probably will not require an outflow of resources embodying economic
benefits or the amount of such obligation cannot be measured reliably. When there is a possible
obligation or a present obligation in respect of which likelihood of outflow of resources embodying
economic benefits is remote, no provision or disclosure is made.

A provision is recognized if, as a result of a past event, the Company has a present legal obligation
that can be estimated reliably, and it is probable that an outflow of economic benefits will be required
to settle the obligation. Provisions are determined by the best estimate of the outflow of economic
benefits required to settle the obligation at the reporting date. Where no reliable estimate can be made,
a disclosure is made as contingent liabilities.

n) Event after Reporting Date

Where events occurring after the balance sheet date provide evidence of condition that existed at the
end of reporting period, the impact of such events is adjusted within the financial statements.
Otherwise, events after the balance sheet date of material size or nature are only disclosed.

All the events occurring after the balance sheet date up to the date of the approval of the financial
statement of the Company by the board of directors on May 23, 2023, have been considered, disclosed
and adjusted, wherever applicable, as per the requirement of Indian Accounting Standards.

o) Cash Flow Statements

Cash flows statements are reported using the method set out in the Ind AS - 7, "Cash Flow
Statements", whereby the net profit / (loss) before tax is adjusted for the effects of the transactions of a
non-cash nature, any deferrals or accrual of past or future operating cash receipts or payments and
item of income or expenses associated with investing or financing cash flows. The cash flows from
operating, investing and financing activities of the Company are segregated.

p) Cash and Cash Equivalents

Cash and cash equivalents include cash and cheques-in-hand, balances with banks, and demand
deposits with banks where the original maturity is three months or less and other short-term highly
liquid investments net of bank of overdrafts which are repayable on demand as these from an integral
part of the Company's cash management.

1.5 RECENT ACCOUNTING PRONOUNCEMENT

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

1.6 KEY ACCOUNTING ESTIMATES AND JUDGEMENTS

The preparation of the Company's financial statements is in conformity with the Ind AS requires
managements to make judgments, estimates and assumptions that affect the application of the
accounting policies and the reported amounts of the assets, liabilities, income and expenses (including
the contingent liabilities) and the accompanying disclosures. Uncertainty about these assumptions and
estimates could results in outcomes that require a material adjustments to the carrying amount of
assets or liabilities effected in future periods. Actual results may differ from these estimates. Estimates
and underlying assumptions are reviewed on a periodic basis. Revision to accounting estimates are
recognized in the period which the estimates are revised and in any future period if the revision
affects both current and future period..

The key assumptions concerning the future and other key resources of estimation uncertainty at the
reporting date, that have a significant risk of causing a material adjustment to the carrying amount of
the assets and liabilities within the next financial year, are described as follow: The preparation of the
Company's financial statements is in conformity with the Ind AS, which requires the Company's
managements to make judgments, estimates and assumptions that affect the application of the
accounting policies and the reported amounts of the assets, liabilities, incomes and expenses
(including the contingent liabilities) and the accompanying disclosures. Uncertainty about these
assumptions and estimates could result in outcomes that require material adjustments to the carrying
amount of assets or liabilities effected in future periods. Actual results may differ from these
estimates. Estimates and underlying assumptions are reviewed on a periodic basis. Revision to
accounting estimates is recognized in the period in which the estimates are revised and in any future
periods affected.

The key assumptions concerning the future and other key resources of estimation uncertainty at the
reporting date, that have a significant risk of causing a material adjustment to the carrying amount of
the assets and liabilities within the next financial year, are described as follow:

a) Income Tax: The Company's tax jurisdiction is in India. Significant judgments are involved in
estimating budgeted profits for the purpose of paying advance tax, determining the income tax
provisions, including the amount expected to be paid / recovered for uncertain tax provisions
(Refer "Note No. 6").

b) Property, Plants and Equipments: Property, plant and equipment represent a significant
proportion of the assets base of the Company. The charge in respect of periodic depreciation is
derived after determining an estimate of an asset's expected useful life and the expected residual
value at the end of its life. The useful lives and residual values of Company assets are determined
by the Company's management at the time the assets are acquired and reviewed periodically,
including at each financial year end. The useful lives of each of these assets are based on the life
prescribed in Schedule II to the Companies Act, 2013 or based on the technical estimates, taken into
the account the nature of the assets, estimated usage, expected residual values and operating
conditions of the assets. The useful lives are based on historical experience with the similar assets
as well as anticipation of future events, which may impact their life, such as changes in technical or
commercial obsolescence arising from changes or improvements in production or from a change in
market demand of the product or service output of the assets.

c) Fair Value measurements of Financial Instruments: When the fair values of financial assets and
financial liabilities recorded in the balance sheet cannot be measured based on quoted prices in
active markets, their fair value is measured using valuation techniques, including the discounted
cash flow model, which involve various judgments and assumptions. The input to these models is
taken from observable markets wherever possible, where this is not feasible, a degree of
judgements is required in establishing fair value. Judgements include considerations of inputs such
as liquidity risk, credit risk and volatility. Changes in assumptions about these factors could affect
the reported fair value of the financial instruments.

d) Recoverability of Trade Receivables: Judgment is required in assessing the recoverability of
overdue trade receivables and determining whether a provision is against those receivables is
required. Factors considered include the credit rating of the counterparty, the amount and timing
of anticipated future payments and any possible actions that can be taken to mitigate the risk of
non-payments.

e) Provisions and Contingent Liabilities: The Company's management estimates the provision that
have present obligation as a result of past events, and it is probable that outflow of resources will
be required to settle the obligation. These provisions are reviewed at the end of each reporting
period and are adjusted to reflect the current best estimates.

The Company uses significant judgements to assess contingent liabilities. Contingent liabilities are
disclosed when there is possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the controls of the Company or a present obligation that arises from past events
where it is either not probable that an outflow of resources will be required to settle the obligation
or a reliable estimate of the amount can't be made. Contingent assets are neither recognized nor
disclosed in the financial statements.

f) Impairment of Financial and Non - Financial Assets: The impairment provision of financial assets
is based on the assumptions about the risk of default and expected cash loss rates. The Company
uses judgment in making these assumptions and selecting the inputs to the impairment calculation,
based on the Company's history, existing market conditions as well as forward looking estimates
at the end of the reporting period.

In case of non-financial assets, the Company estimates asset's recoverable amount, this is higher of
an assets or cash generating units (CGU) fair value less the cost of disposal and the value-in-use.

In assessing the value-in-use, the estimated future cash flows are discounted using the pre-tax
discount rate that reflects current market assessments of the time value of money and the risk
specific to the assets. In determining the fair value less cost of disposal, recent market transactions
are taken into account, if no such transactions can be identified, an appropriate valuation model is
being used.

g) Recognition of Deferred Tax Assets and Liabilities: Deferred tax assets and liabilities are
recognized for deductible temporary differences and unused tax losses or unused tax credit for
which there is probability of utilization against the future taxable profits. The Company uses
judgments to determine the amount of deferred tax that can be recognized, based upon the likely
timing and the level of future taxable profits and business developments.

h) Amortization of Leasehold Land: The Company's lease assets primarily consist of lease for
industrial land. The lease premium is the fair value of land paid by the Company to the respective
authorities at the time of acquisition and there is no liability at the end of the lease term. The lease
premium paid by the Company has been amortized over the lease period on systematic basis and
the same has been classified under Ind AS - 16, "Property, Plant and Equipment" and therefore, the
requirements of both the Ind AS - 116 and Ind AS - 17, as to the period over which, and the manner
in which, the right of use assets (under Ind AS - 116) or the assets arising from the finance lease
(under Ind AS - 17) amortized as similar.

i) Defined Benefits Obligations: The costs of providing gratuity and other post-employment
benefits are charged to the statement of profit and loss in accordance with Ind AS - 19, "Employee
Benefits" over the period during which benefit is derived from the employees' services. It is
determined by using the actuarial valuation and assessed on the basis of assumptions selected by
the Company's management. An actuarial valuation involves making various assumptions that
may differ from actual developments in the future. These assumptions include salary escalation
rate, discount rates, expected rate of return on assets and mortality rates. Due to complexities
involved in the valuation and its long-term in nature, a defined benefit obligation is highly
sensitive to change in these assumptions. All assumptions are reviewed at each balance sheet date
by the Company's Management

Nature of Securities and Terms of Repayments

a) Hire purchase loans from banks and financial institutions are secured by the hypothecation of the
respective vehicles for which fund has been borrowed from banks and financial institutions. The same has
been repaid as per their respective repayment schedule provided by the respective banks and financial
institutions, which carries the rate of interest at the rate of 8.00% to 9.00% per annum.

b) Term loan from body corporate and directors and promotor group are unsecured and are repayable on
demand basis.

c) All the loans from banks and financial institutions are also further secured by the unconditional and
irrevocable personal guarantees of two of the Directors, Shri Harish Agrawal and Shri Dinesh Agrawal.

Performance Obligations

Sales of Product: Performance obligation in respect of sales of goods is satisfied where the control of goods
is transferred to the customers, generally on delivery of the goods and payment is generally due as per the
terms of contract with the Customers.

Sales of Service: Performance obligation in respect of sales of services is satisfied over the period of time
and the acceptance of the customer. In respect of these services, payment is generally due upon the
completion of services and acceptance from the customers.

The Company does not any remaining performance obligations as contracts entered for sale of goods and
sale of services are for a shorter duration.

27 Consolidated Financial Statements

During the reporting period and the previous reporting period presented under the Ind AS financial
statements, the Company has neither subsidiaries nor associates and joint ventures, hence the disclosure
under Ind AS - 110, "Consolidated Financial Statements" is not applicable to the Company.

28 Segment Reporting

During the reporting period and the previous reporting period presented under the Ind AS financial
statements, the Company has operates under only one segments i.e. trading of Iron and Steel. Hence, the
disclosure under Ind AS - 108, "Operating Segments" is not applicable to the Company for all the
reporting period presented in the financial statements.

29 Corporate Social Responsibility

The Company does not meet the eligibility criteira as specified under section 135 of the Companies Act,
2013, hence the requirement to report, under clause for Corporate Social Repsonsibility (CSR) is not
applicable in the case of the Company for all the reporting period presented under the financial statements.

Performance Obligations

Sales of Product: Performance obligation in respect of sales of goods is satisfied when the controls of goods is
transferred to the customers, generally on delivery of the goods and payment is generally due as per the term of
contract with the customers.

Sales of Service: Performance obligation in respect of sales of services is satisfied over then period of time and
the acceptance of the customer. In respect of these services, payment is generally due upon the completion of
services and acceptance from the customers.

The Company does not have any remaining performance obligations as contracts entered for sale of goods and
sale of service are for a shorter duration.

Details of Hedge and Unhedged Exposures in Foreign Currency Denominated
Monetary Items

A) Exposure in Foreign Currency - Hedged

The Company does not enter into any forward exchange contracts to hedge its foreign currency exposures
relating to the underlying transactions and firm commitments. The Company also does not enter into any
kind of derivative instruments for trading and speculation purposes during the reporting period and
previous reporting period presented in the financial statements.

B) Exposure in Foreign Currency - Unhedged

The Company does not have any unhedged foreign currency exposure as at the end of the reporting period
and previous reporting period, either receivables or payable. Hence, the requirement to report under this
clause is not applicable to the Company.

33 Dividend

During the reporting period and previous reporting period, the Board of Director of the Company has not
declared any interim dividend at their respective Board Meeting held during the reporting period, in
accordance with the section 123 of the Companies Act, 2013. The Board of Directors of the Company has
also not proposed the final dividend, at their respective Board Meeting held on May 25, 2024, for the
financial period ended March 31, 2024.

The Company does not holds quoted or unquoted debentures or bonds, which are being measured at
Fair Value through Other Comprehensive Income (FVTOCI), so the reporting under Ind AS - 109,
"Fair Value" is not applicable to the Company for all the reporting period presented in the financial
statements.

i) Financial Instruments measured at fair value through profit or loss

The Company neither hold quoted or unquoted mutual funds equity shares (other than investments in
associates, which are being measured at amortized costs) nor holds foreign currency forward
exchange contracts nor hold quoted mutual funds, which are being measured at Fair Value through
Profit and Loss (FVTPL), so the reporting under the Ind AS - 109, "Fair Value" is not applicable to the
Company for all the reporting period presented in the financial statements.

The Company holds some of the unquoted equity instruments on which the Company opts the option
to measure the same at amortized costs.

The Company has not any financial liabilities which are being measured at Fair Value through Profit
or Loss (FVTPL), so the reporting under the "Ind AS - 109, Fair Value" is not applicable to the
Company for all the reporting periods presented in financial statements.

ii) Financial Instruments measured at amortized costs

The carrying amount of financial assets and financial liabilities measured at amortized cost in the
financial statements are a reasonable approximation of the fair value since the Company does not
anticipate that the carrying amounts would be significantly different from the value that would
eventually be received or settled.

"Note No. - 35B" - Financial Risk Management - Objectives and Policies

The Company's principal financial assets mainly comprise of loans, investments, security deposits,
cash and cash equivalents, other balances with banks, trade receivables and other receivables that
derive directly from its business operations. The Company's financial liabilities mainly comprise the
loans and borrowings in Indian currency, retention money, trade payable and other payables that

derive directly from its business operations. The main purpose of these financial liabilities is to finance
the Company's business operations and to provide guarantees to support its operations.

The Company is exposed to Market Risk, Credit Risk and Liquidity Risk from its financial
instruments. The Board of Directors ("the Board") oversees the management of these financial risks.
The risk management policy of the Company formulated by the Company's management and
approved by the Board of Directors, which states the Company's approached to address uncertainties
in its endeavor to achieve its stated and implicit objectives. It prescribes the roles and responsibilities
of the Company's managements, structure for managing the risk and the framework for risk
management. The framework seeks to identify, assess and mitigate the financial risks in order to
minimize the potential adverse effect on the Company's financial performance. The Board has taken
the necessary actions to mitigate the risks identified on the basis of information and situations present.

The following disclosures summarize the Company's exposure to financial risks and the information
regarding the use of derivatives employed to manage the exposure to such risks. Quantitative
sensitivity analysis has been provided to reflect the impact of reasonably possible changes in market
rate on financial results, cash flows and financial positions of the Company.

1) Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instruments will fluctuate
because of changes in the market prices. Market risk comprises three types of Risk: "Interest rate risk,
Currency risk and Other price risk". Financial instruments affected by the market risk includes loans
and borrowings in domestic currency, retention money, trade payable and other payables and trade
receivables.

a) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash outflows of a financial instruments will
fluctuate because of changes in the market interest rates. An upward movement in the interest rate
would adversely affect the borrowing costs of the Company. The Company is exposed to long-term
and short-term borrowings. The Company manages interest rate risk by monitoring its mix of fixed
and floating rate instruments and taking actions as necessary to maintain an appropriate balance. The
Company has not used any interest rate derivatives.

b) Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash outflows of an exposure will
fluctuate due to changes in foreign exchange rates. The Company operates only in domestic markets,
hence the risk related to the foreign currency is not applicable in the case of the Company for all the
reporting period presented under the financial statements. (Refer "Note No. 32" for further reference).

c) Other Price Risk

Others price risk is the risk that the fair value of a financial instrument will fluctuate due to changes in
market-traded price. Other price risk arises from financial assets such as investments in equity
instruments. The Company is exposed to price risk arising mainly from investments in quoted equity
instruments recognized at FVTOCI. As at March 31, 2024, the carrying value of such quoted equity
instruments recognized at amounts FVTOCI amounts to ' 74.05 Lakhs (March 31, 2023'72.80 Lakhs).
The details of such investments in quoted equity instruments are given in "Note No. 3".

The Company is mainly exposed to changes in market traded rate of its investments in quoted equity
instruments recognized in other comprehensive income. A sensitivity analysis demonstrating the
impact of change in market prices of these instruments from the prices existing as at the reporting date
is given below:

If the equity prices have been higher / lower by 10% from the market price existing as at March 31,
2024, other comprehensive income (OCI) for the period ended would increase by ' 07.40 Lakhs (Prev
Year ' 07.28 Lakhs) and decrease by ' 07.40 Lakhs (Prev Year ' 07.28 Lakhs) respectively with a
corresponding increase / decrease in total equity of the Company as at March 31, 2024. 10% represents
the management's assessment of reasonably possible changes in equity prices.

The Company is not exposed to price risk arising from investments in bonds recognized at FVTOCI.

2) Credit Risk

Credit risk refers to the risk that the counterparty will default on its contractual obligations resulting
in financial losses to the Company. Credit risk arises primarily from financial assets such as trade
receivables, cash and cash equivalents, other balances with banks and other financial assets such as
other receivables with the Company.

The Company has adopted a policy of only dealing with counter parties that have sufficiently high
credit rating. The Company's exposure and credit ratings of its counterparties are continuously
monitored and the aggregate value of transactions is reasonably spread amongst the counterparties.

Credit risk arising from term deposits and other balances with banks is limited and there is no
collateral held against these because the counterparties are banks and recognized financial institutions
with high credit rating assigned by the international credit rating agencies.

The average credit period on sale of products ranges from 60 to 90 days. Credit risk arising from trade
receivable is managed in accordance with the Company's established policy, procedures and control
relating to customer credit risk management. The credit quality of a customer is assessed based on
detailed study of credit worthiness and accordingly individual credit limits are defined / modified.
The concentration on credit risk is limited due to the fact that the customer base is large. There is no
customer representing more than 10% of total balance of trade receivables. For trade receivables, as a
practical expedient, the Company computes credit loss allowance based on provision matrix. The
provision matrix is prepared on historically observed default rate over the expected life of trade

3) Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in raising the funds to meet the
commitments associated with financial instruments that are settled by delivering cash or another
financial asset. Liquidity risk may result from an inability to sell a financial asset quickly at close to its
fair value.

The Company has an established liquidity risk managements framework for managing its short-term,
medium-term and long-term funding and liquidity management requirements. The Company's
exposure to liquidity risk arises primarily from mismatches of maturities of financial assets and
liabilities. The Company manages the liquidity risk by maintaining adequate funds in the cash and
cash equivalents. The Company also has adequate credit facilities agreed with banks to ensure that
there is sufficient cash to meet all its normal operating commitment in a timely and cost-effective
manner.

The Company believes that its liquidity position {As at March 31, 2024 ' 196.24 Lakhs (Prev Year '
255.05 Lakhs)}, anticipated future internally generated funds from operations, and its fully available
revolving undrawn credit facilities will enable it to meet its future known obligations in the ordinary
course of business. However, if liquidity needs were to arise, the Company believes it has excess to
financing arrangements, value of unencumbered assets, which should enable it to meet its ongoing
capital, and other liquidity requirements.

The liquidity position of the Company mentioned above, includes;

i) Cash and Cash Equivalents as disclosed in the Cash Flows Statements

ii) Current / Non-current term deposits as disclosed in the financial assets

The Company's liquidity position monitored by the managements, includes;

i) Day to day funding, managed by monitoring future cash flows to ensure that requirements can be
met;

ii) Maintaining rolling forecasts of the Company's liquidity positions on the basis of expected cash
flows;

iii) Maintaining diversified credit lines.

The below table analysis shows the financial liabilities of the Company into the relevant maturity
grouping based on the remaining period from the reporting date to the contractual maturity date. The
amounts disclosed in the table are the contractual undiscounted cash flows:

"Notes - 35C" - Capital Management

The Company adheres to a robust Capital Management framework which is underpinned by the
following guiding principles;

a) Maintain the financial strength to ensure good rating domestically and Investment grade ratings
internationally.

b) Ensure financial flexibility and diversify source of financing and their maturities to minimize
liquidity risk while meeting investment requirements.

c) Ensure sufficient liquidity is available (either through cash and cash equivalents, investments or
committed credit facilities) to meet the needs of businesses.

d) Minimize the finance costs while taking into consideration current and future industry, market and
economic risks and conditions.

e) Safeguard its ability to continue as going as a going concern.

f) Leverage optimally in order to maximize shareholder returns while maintaining strength and
flexibility of the Balance Sheet.

This framework is adjusted based on underlying macro-economic factors affecting the business
environment, financial market conditions and interest rates environment.

The Board of Directors of the Company has primary responsibilities to maintain a strong capital base
and reduce the cost of capital through a prudent management of deployed fund and leveraging in
domestic and international financial market so as to maintain investors, creditors and market
confidence and to sustain future development of the business.

For the purpose of the Company's capital management, capital includes issued equity capital and all
other equity reserves attributable to the equity shareholders of the Company. The primary objective of
the Company when managing capital is to safeguard its ability to continue as a going concern and to
maintain an optimal capital structure so as to maximize shareholders value.

As at March 31, 2024 and March 31, 2023, the Company has only one class of equity shares and has
low debts. Consequent to such capital structure, there are no externally imposed capital requirements.
In order to maintain or achieve an optimal capital structure, the Company allocates its capital for
distribution as dividend or reinvestment into business based on its long-term financial plans.

The Company manages its capital on the basis of Net Debt to Equity Ratio which is Net Debt (Total
Borrowings net of Cash and Cash Equivalents) divided by total equity.

Note:

a) Decline in the trade receivable due to ECL provision has impacted the Current Assets that has led to
decline in the Current Ratio as compared to the previous reporting period.

b) Due to substantial increments in the losses of the Company due to the ECL provision has impacted
the EBITDA of the current period that led to impact the Debt to Equity Ratio.

c) Due to substantial increments in the losses of the Company due to the ECL provision has impacted
the PAT of the current period that led to impact the Return on Equity.

d) Due to the weak sales as compared to the previous reporting period has led to impact the Inventory
Turnover Ratio.

e) Inefficiency on collection from trade receivable has led to impact the Trade Receivable Turnover
Ratio..

f) Decline in the purchase turnover and slight delay in the payment has led to imapct the Trade
Payable Turnover Ratio.

g) Inefficent management of the working capital has led to impact the Net Capital Turnover Ratio.

h) Due to substantial increments in losses of the Company due to the ECL provision has impacted the
PAT of the current period that led to impact the Net Profit Ratio.

i) Substantial increase in the losses due to ECL provisioning has led to impact the Return on Capital
Employed.

j) Due to the market dynamic, rate of interest on term deposits has led to improve subseqently the
Ratio indicates the positive sign.

Note No. 39: Information on Related Party Transaction as required by Indian Accounting Standards
- 24 - "RELATED PARTY DISCLOSURE" for the year ended March 31, 2024.

Related parties as defined under clause 9 of the Ind AS 24 have been identified on the basis of
representations made by the Company's Management and information available with the Company.
The Company's material related party transactions and outstanding balances with whom the
Company had entered into the transactions in the ordinary course of Business are as follows:

1. Related Party where Significant Influences Exists

a) Prabhu Steel Industries Limited

b) Celestial Steel Structure Private Limited

c) Hariganga Alloys and Steels

d) Shri Ashtavinayak Steel Private Limited

e) Shree Gopal Finance Private Limited

f) Eva Hospitality Concepts Private Limited

g) Maa Bhagwati Land and Developments (P) Limited

h) Energetic Investments Q Consultants Private Limited

i) Hariyana Realty (Spouse of Director is Proprietor in the Firm)

Terms and Conditions with the transactions with Related Parties as under:

a) The Company has been entering into transactions with the related parties for its business purpose.
The process followed for entering into transactions with these related parties are same as followed for
unrelated parties. Vendor's are selected competitively having regard to strict adherence to quality,
timely servicing and cost advantage. Further related parties vendors provide additional advantage in
terms of;

i) Supplying products primarily to the Company

ii) Advanced and innovative technology

iii) Customization of products to suit the Company's specific performance;

iv) Enhancement of the Company's purchase cycle and assurance of just in time supply with resultant
benefits - notably on working capital.

b) The sales to and purchases from the related parties are made on the terms equivalents to those
applicable to all unrelated parties on the arm's length transactions.

c) Outstanding balances of the related parties at the end of the reporting period are unsecured, interest
free and will be settled in the cash on demand basis.

Note No. 40 - Additional Regulatory Information as required by the Schedule - III of the
Companies Act, 2013"

i) The Company has used the borrowings from banks and financial institutions for the specific
purpose for which it was taken as at the balance sheet date. The Company has not defaulted in the
repayment of principal and interest thereon on all the loans obtained from banks and financial
institutions during the reporting period and previous reporting period.

ii) The title deed in respect of self-constructed building and title deeds of all other immovable
properties (other than properties where the Company is the lesssee and the lease agreements are duly
executed in the favour of the Company), disclosed in the financial statements and included under the
head of property, plants and equipment's are held in the name of the Company as at the Balance Sheet
date. Inrespect of the immovable properties taken on lease by the Company, the lease agreements are
in the name of the Company as at the Balance Sheet date.

iii) There are no loans and advances in the nature of loans are granted to promoters, directors, key
managerial persons and the other related parties including the subsidiaries, associates and joint
ventures (as defined under the Companies Act, 2013), either severally or jointly with any other
persons that are;

a) repayable on demand or;

b) without specifying any terms or period of repayments.

iv) The Company does not have benami property held in its name. No proceeding have been initiated
on or are pending against the Company for holding benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and the relevant Rules made thereunder.

v) The Company has been sanctioned working capital limit from bank and financial institutions on the
basis of security of term deposits held by the Company as at the balance sheet date. Hence, the
reporting in relation to the quarterly / monthly returns and the statements filed by the Company with
such banks and financial institutions are in agreeements with the books of accounts of the Company is
not applicable.

vi) The Company has not been declared as willful defaulter by the banks and the financial institutions
or other lender or government or any government authorities.

vii) The Company has not been entered any transactions with the companies struck off as per the
section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 2013, hence the details
related to the same has not been furnished.

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

ix) The Company neither subsidiaries nor associates and nor joint ventures, hence the requirements
with respect to the number of layers as prescribed under section 2(87) of the Companies Act, 2013 read
with the Companies (Restriction on number of layers) Rules, 2017 is not applicable.

x) Utilisation of borrowed funds and share premium

1) The Company has not advanced or loaned or invested funds to any other persons or entities,
including foreign entities (intermediaries) with the understanding that the intermediaries 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.

2) The Company has not received any funds from persons or entities, including foreign entities
(Funding Parties) with the understanding (whether recorded in writing or otherwise) that the
Company 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 to or on behalf of the Ultimate beneficiaries.

xi) There has been no transactions relating to previously unrecorded income that have been
surrendered or disclosed as income during the reporting period and previous reporting period in the
tax assessments under the Income Tax Act, 1961.

xii) The Company has neither traded nor invested nor advanced in Crypto or Virtual Currency during
the reporting period and previous reporting period

The financial statements are approved for issue by the Audit Committee at its meeting held on May 25,
2024 and by the Board of Directors on their respective meeting held on May 25, 2024.

43 Previous years audited figures has been regrouped / recasted / rearranged wherever necessary to make
them comparable for the purpose of preparation and presentation of the financial statements.

SIGNATURE TO THE NOTE "1" TO NOTE "43"_

MATERIAL ACCOUNTING POLICIES 1

THE ACCOMPANYING NOTES ARE FORMING INTEGRAL PART OF THE FINANCIAL STATEMENTS

AS PER OUR REPORT OF EVEN DATE ATTACHED FOR AND ON BEHALF OF THE BOARD

For MANISH N JAIN & CO. HARISH AGRAWAL DINESH AGRAWAL

Chartered Accountants Managing Director Director

FRN No.: 0138430W DIN No.: 00291083 DIN No.: 00291086

NAVALKISHORE MALA BRIJLAL

ARPIT AGRAWAL PUROHIT LALCHANDANI

Partner Chief Financial Officer Company Secretary

Membership No. 175398

Place: Nagpur

Dated: May 25, 2024 Place: Nagpur Place: Nagpur

UDIN No.: 24175398BKAQOL5439 Dated: May 25, 2024 Dated: May 25, 2024