Provisions/Contingencies

(a) Provision involving substantial degree of estimation in
measurements is recognized when there is a present obligation as a
result of past events and it is probable that there will be an outflow
of resources.

(b) Contingent Liabilities are shown by way of notes to the
Accounts in respect of obligations where, based on the evidence
available, their existence at the Balance Sheet date is considered
not probable.

(c) A Contingent Asset is not recognized in the Accounts.

Segment Reporting

A. Business Segments :

Based on the guiding principles given in Accounting Standard 17
(AS - 17) on Segment Reporting issued by ICAI, the Company
has only one reportable Business Segment which is engaged in
business of manufacturing of seating systems & work stations and
has manufacturing facilities in India. Accordingly, the figures
appearing in these financial statements relate to the Company's
single Business Segment.

B. Geographical Segments

The Company activities / operations are confined to India and as
such there is only one geographical segment. Accordingly, the
figures appearing in these financial statements relate to the
Company's single geographical segment.

1.14 Foreign Currency Transactions

F oreign exchange transactions are recorded at the rate prevailing
on the date of respective transaction. Monetary assets and liabilities
denominated in foreign currencies as at the balance sheet date are
translated at the closing exchange rates on that date. Non monetary
items which are carried in terms of historical cost denominated in a
foreign currency are reported using the exchange rate at the date of
transacion. Exchange diffrences arising on foreign exchange
transactions settled during the year and on restatement as at the
balance sheet date are recognized in the statement of profit and loss
for the year.

1.15 Digital Market Model

The Company has incurred expenditure on acquisition,
development and implementation of new systems/processes of
Digital Market model for customer loyalty and customer lists as in
the past year. This Digital Market model expenditure is to identify
and acquire customer data for research and analysis of the same.
These customer data/lists accumulated over time, will help the
company to bring in relevant/right customers. Further, in the
opinion of the directors, this will provide a base for the company to
extent this model to Franchises which will help the compay to
rapidly sclae the revenue without incurring similar spends/costs. In
view of the above, these expenditure accumulated will be
amortised over a period of time from the fifth (5) year onwards.

1.16 Warranty

The company sells its product carrying a warranty. No provision is
made in the accounts toward warranty expenses. The same is
accounted on actuals basis.

1.17 Balance Confirmations

Balance of Debtors & Creditors & Loans & advances Taken &
giving are subject to confirmation and subject to consequential
adjustments, if any. Debtors & creditors balance has been shown
separately and the advances received and paid from/to the parties is
shown as advance from customer and advance to suppliers.

1.18 Regrouping

Previous years figures have been regrouped and reclassified
wherever necessary to match with current year grouping and
classifiaction.

1.19 Pandemic (Covid-19) impact

The World Health Organization announced a global health
emergency because of a new strain of coronavirus (“COVID-19”)
and classified its outbreak as a pandemic on 11 March 2020. On 24
March 2020, the Indian government announced a strict 21-day
lockdown across the country to contain the spread of the
virus. The management has made an assessment of the impact of
COVID-19 on the Company's operations, financial performance
and position for the year ended 31 March 2023 and has concluded
that no there is no significant impact which is required to be
recognized in the financial statements. Accordingly, no
_adjustments are required to be made to the financial statements.