1.15 Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognized in terms of Accounting Standard 29 - Provisions, Contingent Liabilities and Contingent Assets (AS-29), notified by the Companies (Accounting Standards) Rules, 2006, when there is a present legal or statutory obligation as a result of past events, where it is probable that there will be outflow of resources to settle the obligation and when a reliable estimate of the amount of the obligation can be made. Contingent Liabilities are recognized only when there is a possible obligation arising from past events due to occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of the Company, or where any present obligation cannot be measured in terms of future outflow of resources or where a reliable estimate of the obligation cannot be made. Obligations are assessed on an ongoing basis and only those having a largely probable outflow of resources are provided for. Contingent Assets are not recognized in the financial statements.

1.16 Borrowing Cost:

Interest and other borrowing costs on specific borrowings, attributable to qualifying assets, are capitalized. A qualifying asset in one that necessarily takes substantial period of time to get ready for intended use. Other borrowing costs are charged to revenue over the tenure of the loan.

Amount of borrowing cost capitalized during the year is Rs Nil

1.17 Cash and Cash Equivalents:

Cash and cash equivalents for the purpose of cash flow statement comprise cash at bank and in hand and short- term investments with an original maturity of three months or less.

1.18 Preliminary Expenses:

There is no any preliminary expenses.

1.19 Prior Period Items:

Expenses/incomes pertaining to earlier periods are disclosed at appropriate places, if material, in notes to accounts.

1.20 Previous year figure has been regrouped/ rearranged wherever necessary.

1.21 The Assessee has confirmed that the GST balance / output liability / Input claimed shown as per Books of Accounts is true and correct. Further it is also confirmed by Director that difference between GST portal and Books of Accounts has been / will be corrected in GST Return for current financial year.

For SAHAJ FASHIONS LIMITED ^{For Rama k Gupta} & ^Co

Chartered Accountants FRN 005005C

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ROHIT TOSHNIWAL NORATMAL CHOUDHARY (NITIN GUPTA)

(Whole time Director) (Managing Director) PARTNER

DIN NO. 03507310 DIN NO. 03558999 MEMBERSHIP NO. 419124

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Mukul Lakhotia Rajul Chordiya

CFO CS

Place : Kishangarh Date :30/05/2024