L. Provisions, contingent liabilities, and contingent assets:

Provisions involving a substantial degree of estimation in measurement are 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. Provision is not discounted to its present
value, and it is determined based on the best estimate required to settle on obligation at the year end. These are reviewed
every year end and adjusted to reflect the best current estimate.

Contingent liabilities are not recognized but are disclosed in the financial statements.

M. Research and development expenditure:

Research and development expenditure is charged to revenue is under to respective heads of account in the year in which
it is incurred. However, development expenditure qualifying as an intangible asset, if any is capitalized, to be amortized over
the economic life of the product / patent. Research and development expenditure on fixed assets is treated in the same way
as expenditure on other fixed assets.

N. Employee benefits:

i) Gratuity:

The Payment of Gratuity Act, 1972, is applicable to the Company. The employees have completed the eligible years of
service, but no provision has been made as required under the relevant gratuity act.

ii) Bonus & Leave Encashment

Bonus & leave encashment, to the extent accrued & payable to eligible employees is settled on year-to-year basis.

iii) Provident Fund / ESIC:

The Provisions and Payment of Provident Fund/ESIC, wherever applicable, as required by the prescribed acts has been
properly complied with by the company.

O. Taxation:

• Income tax expense comprises current tax and deferred tax charge or credit. Provision for current tax is made on the
basis of the assessable income at the tax rate applicable to the relevant assessment year.

• MAT credit is recognized as an asset only when and to the extent there is convincing evidence that the Company will
pay normal income tax within the specified period.

• Deferred Tax asset and deferred tax liability are calculated by applying tax rate and tax laws that have been enacted or
substantively enacted by the Balance Sheet date. Deferred tax assets on account of timing differences are recognized,
only to the extent there is a reasonable certainty of its realization. Deferred tax assets are reviewed at each Balance
Sheet date to reassure realization.

• Deferred tax assets, representing unabsorbed depreciation or carried forward losses are recognized, if and only if there
is virtual certainty supported by convincing evidence that there will be adequate future taxable income against which
such deferred tax assets can be realized.

P. Government Grants:

• No government grant has been received.

Q. Cash and Cash Equivalent:

In the cash flow statement, cash and cash equivalent includes cash in hand, demand deposits with banks and short tern highly
liquid investments with original maturities of three months or less.

R. Earnings per Share:

Earnings per share (EPS) is calculated by dividing the net profit or loss for the period attributable to Equity Shareholders by
the weighted average number of equity Shares of outstanding during the period. Earnings considered in ascertaining the EPS
is the net profit for the period and any attributable tax there to for the period.

I. Notes to financial statements

A. Corporate Information:

• The Company is a "public limited", within the meaning of section 3(1)(iv) of the Companies Act, 1956 (No. 1 of 1956) & was
incorporated in India on 16/01/2004 under the Companies Act, 1956 (No. 1 of 1956) and is registered in India under the
jurisdiction of ROC, Mumbai, Maharashtra.

• The Corporate Identity number of the Company is: L74999MH2004PLC144034.

• The Registered office of the Company is presently located at MAX EARTH RESOURCES LIMITED (Formerly known as MAX
ALERT SYSTEMS LIMITED) ,103, Wellington Business Park -1, Hasan Pada Road, Marol, Andheri (East) Mumbai - 400 059.

B. Disclosure under AS 28:

During the year under review the of the company has recognised no impairment loss. There was no revaluation reserve created
by the company and the said impairment loss is treated as expense and debited to profit and loss account. The main reason
for recognising impairment are physical damage of the assets and discontinuity of operations over years. Furthermore, the
company has also cannibalised the parts of crusher which were in working condition and used in the other crusher.

The discrepancies in physical verification of assets are also recognised as impairment loss in profit and loss account.

vi. 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:

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.

vii. The Company does not have any such transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as,
search or survey or any other relevant provisions of the Income Tax Act, 1961.

viii. Submission of quarterly return or statement is not applicable as the company does not have borrowings from Banks or
financial institutions.

V. The Financial Statements were authorised for issue by the directors on 07^th August 2024

For MAX EARTH RESOURCES LIMITED For S C Mehra & Associates LLP

(Formerly known as MAX ALERT SYSTEMS LIMITED) Chartered Accountants

Firm Regn No. 106156W/W100305

Amit Vengiat Abhilash K Sasi CA Ajit Sharma

Director Director Partner

DIN No.: 07544088 DIN No.: 06717763 M. No. 114934

Place: Mumbai

Place: Mumbai Date: 30May2025

Date: May 30, 2025 UDIN : 25114934BMKNUI7494