2B.7) Provision for liabilities and charges, Contingent liabilities and Contingent Assets

The assessments undertaken in recognising provisions and contingencies have been made in accordance with the applicable Ind AS.

Provisions represent liabilities to the Company for which the amount or timing is uncertain.

In the normal course of business, contingent liabilities may arise from litigation and other claims against the Company. Although there can be no assurance
regarding the final outcome of the legal proceedings in which the Company involved, it is not expected that such contingencies will have a material effect on
its financial position or profitability.

Contingent assets are not recognized but disclosed in the financial statements when an inflow of economic benefits is probable.

2B.7) Earning Per Share

In arriving at the EPS, the Company’s net profit/ loss after tax before adjustment of Other comprehensive income, computed in terms of the Ind AS, is
divided by the weighted average number of equity shares outstanding on the last day of the reporting period. The EPS thus arrived at is known as ‘Basic
EPS’. There are no potential equity shares in existence during the current and previous period therefore Basic & Diluted EPS are similar.

2B.8) Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 “Statement of Cash Flows”, whereby profit / (loss) before 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.

B. Measurement of fair values

Valuati on techniques and si gn ifi cant unobservable i nputs: The Fai r Value of the Fi nanci al Assets & Li abi liti es are i ncluded at the amount at whi ch thei nstrument could be exchanged in
a current transaction between willing parties, other than in a forced or liquidation sale.

C. Financial Risk Management
C.i. Risk management framework

A wi de range of ri sks may affect the Company’s busi ness and operati onal or fi nanci al performance. The ri sks that could have si gnifi cant i nfluence on the Company are market ri sk,
credi t ri sk and li qui di ty ri sk. The Company’s Board of Di rectors revi ews and sets out poli ci es for managi ng these ri sks and moni tors suitable acti ons taken by management to mi ni mi se
potential adverse effects of such risks on the company’s operational and financial performance.

C.ii. Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the
Company’s trade and other receivables, cash and cash equivalents and other bank balances. To manage this, the Company periodically assesses financial reliability of customers,
taking into account the financial condition, current economic trends and analysis of historical bad debts and ageing of accounts receivable. The maximum exposure to credit risk in
case of all the financial instruments covered below is restricted to their respective carrying amount.

(a) Trade and other receivables from customers

Credit risk in respect of trade and other receivables is managed through credit approvals, establishing credit limits and monitoring the creditworthiness of customers to which the
Company grants credit terms in the normal course of business.

The Company consi ders the probabi lity of default upon i niti al recogni ti on of asset and whether there has been a si gnifi cant i ncrease i n the credi t ri sk on an on-goi ng basi s through each
reporting period. To assess whether there is a significant increase in credit risk the Company compares the risk of default occurring on assets as at the reporting date with the risk of
default as at the date of initial recognition. It considers reasonable and supportive forwarding-looking information such as:

i) Actual or expected significant adverse changes in business

ii) Actual or expected significant changes in the operating results of the counterparty

iii) Financial or economic conditions that are expected to cause a significant change to the counterparties ability to meet its obligation

iv) Significant changes in the value of the collateral supporting the obligation or in the quality of third party guarantees or credit enhancements

Financial assets are written off when there is a no reasonable expectations of recovery, such as a debtor failing to engage in a repayment plan with the Company. When loans or
receivables have been written off, the Company continues to engage in enforcement activity to attempt to recover the receivable due, When recoverable are made, these are
recognised as income in the statement of profit and loss.

The Company measures the expected credit loss of trade receivables and loan from individual customers based on historical trend, industry practices and the business environment in
which the entity operates. Loss rates are based on actual credit loss experience and past trends. Based on the historical data, loss on collection of receivable is not material hence no
additional provision considered.

Financial Assets are considered to be of good quality and there is no significant increase in credit risk

(b) Cash and cash equivalents and Other Bank Balances

The Company held cash and cash equivalents and other bank balances as stated in Note No. 09. The cash and cash equivalents are held with bank with good credit ratings and
financial institution counterparties with good market standing.

C.iii. Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial
Liquidity risk is managed by Company through effective fund management of the Company’s short, medium and long-term funding and liquidity management requirements. The
Company manages liquidity risk by maintaining adequate reserves, banking facilities and other borrowing facilities, by continuously monitoring forecast and actual cash flows, and by
matching the maturity profiles of financial assets and liabilities.

C.iv. Market risk

Market Risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk:
currency risk, interest rate risk and other price risk.

C.iv.a Currency risk

The Company is not exposed to any currency risk on account of its operating and financing activities. The functional currency of the Company is Indian Rupee. Our exposure are
mainly denominated in INR's Only. The Company’s business model incorporates assumptions on currency risks and ensures any exposure is covered through the normal business
operations. This intent has been achieved in all years presented. The Company has put in place a Financial Risk Management Policy to Identify the most effective and efficient ways of
managing the currency risks.

C.iv.b Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company is exposed to
interest rate risk through the impact of rate changes on interest-bearing liabilities and assets. The Company manages its interest rate risk by monitoring the movements in the market
interest rates closely.

I In the opinion of management all the assets and Liabilities have been adequately identified and are approximately of the value as stated by the
management and such assets or liabilities have been grouped & presented in the financial statement as per the management estimation in respect to
their nature and term, If realized in the ordinary course of business, unless otherwise stated. In the opinion of management, the provisions for all liabilities
have been materially identified and are adequately provided and not in excess / shortage of the amount reasonably necessary.

II Dues to Small scale, micro and medium enterprises

Government of India has promulgated an Act namely The Micro, Small and Medium Enterprise Development Act, 2006 which comes into force with effect
from October 02, 2006. As per the act, the Company is required to identify the Micro, Small and Medium Suppliers and pay them interest on overdue
beyond the specified period irrespective of terms agreed with the suppliers. The Company has sent the confirmation letters to its suppliers at the year
end, to identify the supplier registered with the Act. As per the information available with the Company, none of the supplier has confirmed that they have
registered with the Act. In view of this, the liability of interest has neither been provided nor is required disclosure done.

V Segment Reporting :

There is only one business segment and one geographical segment accordingly segment information as per the guidelines of IND AS-108 is not required
to be disclosed.

VI Related Party Disclosures:

In accordance with the disclosure requirements of Indian Accounting Standard-24 "Related Party Disclosures", the details of related party transactions
are given below:

VII Balance of Trade Receivable includes Nil (Previous Year Rs. Nil) which is neither overdue nor any provision has been made in the accounts as the
Management is hopeful of recovery.

VIII At the Year End Companies Gross Revenue from Investing & Financing Activities are more than 50% of Total Gross Revenue and Financial Assets are
more than 50% of Total Assets of the Company. Thus Company fulfills 50:50 test criteria. However the Company does not holds NBCF Licence nor it has
applied for the same.

IX Additional Regulatory Informations:

i. The company does not have any immovable property whose title deeds are not held in the name of company and also does not have any immovable
property jointly held with others.

ii. The Company has not revalued any of its Property, Plant and Equipment (including Right-of-Use Assets) during the year.

iii. The company has not provided loans or advances in the nature of loans to promoters, directors, KMPs and related parties (as defined under the
Companies Act, 2013) (held severally or jointly with any other person) that are repayable on demand or without specifying any terms or period of
repayment.

c. The company does not have capital work-in-progress whose completion is overdue or as exceeded its cost compared to its original plan.

vi. The company does not have intangible assets under development at the end of the current and previous financial years.

vii. The Company does not have any Benami property and no proceeding has been initiated or pending against the Company for holding any Benami
property under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) (formerly the Benami Transactions (Prohibition) Act,
1988 (45 of 1988)) and Rules made thereunder.

viii. The Company has not been sanctioned working capital limits from banks on the basis of security of current assets.

ix. The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof
or other lender in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

x. The Company did not have any transactions with Companies struck off under section 248 of the Companies Act, 2013 or Section 560 of the Companies
Act, 1956.

xi. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

xii. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read with the Companies
(Restriction on number of Layers) Rules, 2017.

xiii. The Company have not entered into any scheme of arrangement which has an accounting impact on the current or previous financial year.

xiv. A. 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(is), including foreign entities (Intermediaries) with the understanding that the Intermediary 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.

B. The Company has not received any fund from any person(s) or entity(s), including foreign entities (Funding Party) 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 on behalf of the Ultimate
Beneficiaries.

xv. The Company do not have any transaction which are not recorded in the books of accounts that has been surrendered or disclosed as income in the
tax assessments under the Income Tax Act, 1961 during of the years.

xvi. Corporate Social Responsibility: Section 135 of the Companies Act 2013 (the act), as well as the provisions of the Companies (Corporate Social
Responsibility Policy) Rules, 2014 (CSR Rules) are not applicable on the company.

xvii The Company did not trade or invest in Crypto Currency or virtual currency during the financial year.

xviii. Please refer Note No. 21(ix) (xviii) for Details of Ratio as per Schedule III.

Signatures to Note 21 which form an integral part of the Financial Statements

As per our report of even date

For G R A M And Associates LLP For and on behalf of the Board of Directors of

Chartered Accountants Svaraj Trading and Agencies Limited

FRN: 008850C/C400019

Rekha Soni Harendra Gupta

Director Managing Director

Ankit Jain DIN: 05335667 DIN: 05335662

Partner

M. No. : 437193

UDIN: 25437193BMLMTD1984 Rajesh Jivanlal Purohit Poonam Tewani

Place: Mumbai Chief Financial Officer Company Secretary

Date: 29th May 2025_M.No.: A51510