14. Provisions, Contingent Liabilities and Contingent Assets:

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that is reasonably estimated, 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 liability. A disclosure for contingent liability is also made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

15. Earnings Per Share:

Basic and diluted earnings per share are computed in accordance with Accounting Standard-20. Basic earnings per share are calculated by dividing the net profit or loss after tax for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Diluted earnings per equity share are computed using the weighted average number of equity shares and dilutive potential equity shares outstanding during the year, except where the results are anti-dilutive.

16. Rounding of amounts:

All amounts disclosed in financial statements and notes have been rounded off to the nearest lakhs, unless otherwise stated.

17. Investments:

Current investments are stated at lower cost or fair market value. Long-term investments are stated at cost after providing for diminution in value. Provision for diminution in value is made only when the decline is other than temporary in the opinion of the management.

On disposal of an investment, the difference between it carrying amount and net disposal proceeds is charged or credited to the Statement of Profit and Loss.

18. CASH AND CASH EQUIVALENTS

Cash and cash equivalents for the purpose of Cash Flow Statement comprise cash and cheques in hand, bank balances, demand deposits with banks (other than deposits pledged with government authorities and margin money deposits) with an original maturity of three months or less.

19. CASH FLOW STATEMENT

Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and 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.

31 Additional regulatory information

(a) There are no Loans or Advances in the nature of loans that are granted to Promoters, Directors, KMPs and their Related Parties (as defined under Companies act, 2013), either severally or jointly with any other person, that are outstanding as on 31 March 2024:

(i) Repayable on Demand; or

(ii) Without specifying any terms or period of repayment

(b) Capital Work in Progress Ageing Schedule Refer Note No. 12

(c) There are no Intangible Assets under development As at 31-Mar-2024

(d) No proceeding have been initiated nor pending against the company for holding any benami property under the

Benami Transactions (Prohibition) Act,1988 (45 of 1988) and rules made thereunder.

(e) The Company have sanctioned borrowings/facilities from banks on the basis of security of current assets. The quarterly returns or statements of current assets filed by the Company with banks and financial institutions are in agreement with the books of accounts.

(f) The Company is not declared Willful Defaulter by any Bank or Financial Institution or Other Lender.

(g) The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.

(h) No Charges or satisfaction of charges are yet to be registered with registrar of companies beyond the statutory period.

(i) The Company has complied with the number of layers prescribed Under Clause (87) of Section 2 of the act read with Companies (Restriction on Number of Layers) Rules, 2017.

(j) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

(k) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall 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 provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(l) The company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(m) No Transactions has been surrendered or disclosed as income during the year in the tax assessment under the income tax act, 1961. There are no such previously unrecorded income or related assets.

(n) Corporate Social Responsibility (CSR) : Refer Note No. 35

(o) The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

39 All amounts disclosed in the financial statements and notes have been rounded off to the nearest Lakhs as per requirement of Schedule - III, unless otherwise stated.

40 Previous Year’s figures have been regrouped, rearrange, reclassified wherever necessary to correspond with the current year classification / disclosure.

For, S V J K and Associates For and on behalf of the Board of Directors

(Previously known as A S R V & Co.) Shri Techtex Limited

Chartered Accountants FRN: 135182W

Shradha Agarwal Hans kumar Agarwal

Ankit Singhal Managing Director Director

Partner (DIN : 02195281) (DIN : 00013290)

Membership No. 151324 UDIN: 24151324BKESHL3362

As his h B haiya Akanks ha As wani

Chief Financial Office Company Secretary

Date: May 27, 2024 Date: May 27, 2024

Place: Ahme dabad Place: Ahme dabad