j) Provisions and contingencies

A provision is recognised when the Company has a present obligation as a result of past events and 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 (excluding retirement benefits) are not discounted to their present value and are determined based on the 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 disclosed in the Notes. Contingent assets are not
recognised in the financial statements.

k) Borrowing costs

Costs in connection with the borrowing of funds to the extent not directly related to the acquisition of qualifying assets
are charged to the Statement of Profit and Loss over the tenure of the loan.

l) Earnings per Share

Basic earnings per share is computed by dividing the profit/(loss) after tax (including the post tax effect of extra ordinary
items, if any) by the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed using the weighted average number of equity shares that could have been issued
on the conversion of all dilutive potential equity shares, if any.

m) Impairment of assets

The carrying values of assets/ cash generating units at each balance sheet date are reviewed for impairment. If any
indication of impairment exists, the recoverable amount of such assets is estimated and impairment is recognised, if the
carrying amount of these assets exceeds their recoverable amount. The recoverable amount is the greater of the net
selling price and their value in use. Value in use is arrived at by discounting the future cash flows to their present value
based on an appropriate discount factor.

n) Cash Flow Statements:

Cash flows are reported using the indirect method, whereby profit / (loss) after tax is adjusted for the effects of
transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows
from operating, investing and financing activities of the company are segregated based on the available information.

o) Operating Cycle:

All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and
other criteria set out in the Schedule III to the Companies Act, 2013. Based on the nature of products / activities of the
Company and the normal time between acquisition of assets and their realisation in cash or cash equivalents, the
Company has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as
current and non-current. As a result, current assets comprise elements that are expected to be realised within 12 months
after the reporting date and current liabilities comprise elements that are due for settlement within 12 months after the
reporting date.

i. Term Loan from Banks

HDFC Bank Working Capital Term Loan is secured against hypothecation of Property of Company,
its Associate Entities & Directors and Stocks & Book Debts of the Company. This loan is originally
repayable in EMI having repayment term of 24 months @ 9% p.a.

HDFC Bank Working Capital Term Loan is secured against hypothecation of Property of Company,
its Associate Entities & Directors and Stocks & Book Debts of the Company. This loan is originally
repayable in EMI having repayment term of 9 months @ 9% p.a. The Loan has been foreclosed
during the Financial Year 2024-25.

HDFC Bank Term Loan is secured against hypothecation of Property of Company, its Associate
Entities & Directors and Stocks & Book Debts of the Company. This loan is originally repayable in
EMI having repayment term of 60 months @ 9% p.a.

Axis Bank for Motor Vehicle (Jeep) Purchase is secured by hypothecation of vehicles purchased
under hire purchase agreement These loans are originally repayable in equal monthly instalments
having repayment term of 60 months @ 7.50% p.a.

Axis Bank for Motor Vehicle Purchase (Venue) is secured by hypothecation of vehicles purchased
under hire purchase agreement These loans are originally repayable in equal monthly instalments
having repayment term of 36 months @ 8.50% p.a.

Axis Bank for Motor Vehicle Purchase (Venue) is secured by hypothecation of vehicles purchased
under hire purchase agreement These loans are originally repayable in equal monthly instalments
having repayment term of 36 months @ 8.95% p.a.

Indusind Bank Loan for Motor Vehicle Purchase (Bolero) is secured by hypothecation of vehicles
purchased under hire purchase agreement These loans are originally repayable in equal monthly
instalments having repayment term of 36 months @ 11.58% p.a.

ii. From Financial Institutions

Toyota Financial Services India Limited on Motor Vehicle repayable in EMI having repayment term
of 60 months @ 8.51%

iii. Unsecured Loan

Fullteron India Credit Company Limited repayable in EMI having repayment term of 48 months @
14%. The Loan has been foreclosed during the Financial Year 2024-25.

Fullteron India Credit Company Limited repayable in EMI having repayment term of 29 months @
17%.

Deutsche Bank loan is repayable in EMI having repayment term of 26 months @ 15.90% p.a.

Clix Capital Services Private Limited loan is repayable in EMI having repayment term of 36 months
@ 17.00% p.a.

Hero Fincorp Limited loan is repayable in EMI having repayment term of 36 months @ 17.00% p.a.

Ugro Capital Limited loan is repayable in EMI having repayment term of 36 months @ 17.00% p.a.

Fedbank Financial Services Limited Loan repayable in EMI having repayment terms of 36 months
carries intere st at 15.75%.

Tata Capital Limited Loan (Business Loan) repayable in EMI having repayment terms of 36 months
carries interest at 16.00% p.a.

Unity Small Finance Loan repayable in EMI having repayment terms of 36 months carries interest at
17.00% p.a.

Kotak Mahindra Bank Loan repayable in EMI having repayment terms of 26 months carries interest
at 16.21% p.a.

The Loan has been guaranteed by the personal guarantee of the managing director of the company.

Note 35 There are no transactions with Struck off Companies during the year.

Note 36 The Company has not received any whistleblower complaint during the year. No frauds had been noticed by or reported to the
Company.

Note 37 During the year, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources
or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the
understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of
the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding
that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the
Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.”

Note 38 There are no proceedings initiated or pending against the Company for holding any Benami Property under the Benami Transactions
(Prohibition) Act,1988 and rules made thereunder.

Note 39 The Company has not defaulted in repayment of any loan or other borrowings or any interest due thereon to any lender and the
Company is not declared as a wilful defaulter by any Bank or Financial institution or other lender.

Note 40 The Company has not traded or invested in Crypto Currency or Virtual Currency.

Note 41 Approval of financial statements

The financial statements for the year ended 31 March, 2025 were approved by the Board of Directors on 28th May, 2025.

Note 42 Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification /
disclosure.

In terms of our report attached

For Vinay Bhushan & Associates For and on behalf of the Board of Directors of

Chartered Accountants CPS Shapers Limited

FRN: 130529W (Formerly Known as CPS Shapers Private Limited)

Sd/- Sd/- Sd/-

CA Vinay Bhushan Abhishek Kumar Bhawna Kumar

Partner DIN:03513668 DIN:03587088

Membership No : 502632 Managing Director Whole-Time Director

Sd/- Sd/-

Shweta Bansal Chahat Girdhar

Company Secretary Chief Financial Officer

Place : Mumbai Place: Mumbai

Date: May 28, 2025 Date: May 28, 2025