vi) Provisions and contingencies

(a) Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past
event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation
and a reliable estimate of the amount of the obligation. Provisions are reviewed at each reporting period and are
adjusted to reflect the current best estimate.

(b) Contingencies

A disclosure for contingent liability is made when there is possible obligation arising from past event the existence of
which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly
within the control of the Company or a present obligation that arises from past events where it is either not probable
that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.

A disclosure for contingent assets is also made when there is possibility of an inflow of economic benefits to the entity
which arise from unplanned or other unexpected events.

Contingent liabilities and contingent assets are reviewed at each balance sheet date.

vii) Earnings per share:

Basic earnings per share is computed using the net profit for the year attributable to the shareholders' and weighted
average number of shares outstanding during the year.

viii) Income Taxes:

Income tax comprises current tax (including MAT) and deferred tax. Income tax expenses is recognized in net profit
in statement of Profit and loss extent to the extent that it relates to items recognised directly in other comprehensive
income/equity, in which case it is recognized in other comprehensive income/equity.

Current Tax is the amount of tax payable on the estimated taxable income for the current year as per the provisions
of Income Tax Act, 1961.Current tax asset and liabilities are offset when company has a legally enforceable right to
set off the recognized amount and also intends to settle on net basis.

Deferred income tax assets and liabilities are recognised for deductible and taxable temporary difference arises
between the tax basses of assets and liabilities and their carrying amount in the financial statement

Deferred tax assets are recognized for all deductible temporary differences to the extent that it is probable that
sufficient taxable profit will be available against which those deductible temporary differences can be utilised.
Deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that
sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognised
deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become
probable that future taxable profits will allow the deferred tax asset to be recovered.

Deferred tax is measured at the tax rates and tax law that that have been enacted or substantively enacted by the
balance sheet date and are expected to apply to taxable income in the year in which those temporary difference is
expected to be recovered or settled.

ix) Financial instruments:

Initial measurement

Financial instrument is recognised as soon as the company become a party to the contractual provision of the
instruments. All Financial assets and financial liabilities are measured at fair value on initial recognition, except for
trade receivable which are initially measured at transaction price. Transaction cost that are directly attributable to
the acquisition or issue of financial instrument (other than financial measured at fair value through profit or loss) are
added or deducted from the value of the financial instrument, as appropriate, on initial recognition.

Financial Instrument sated as financial assets or financial liabilities are generally not offset, and they are only offset
when a legal right to set off exist at that and settlement on a net basis is intended.

Subsequent measurement

Financial assets:

Subsequent measurement of financial assets depends on their classification as follows: -

(a) Financial asset carried at amortised cost

A financial asset is subsequently measured at amortised cost if it is held within business model whose objective is
to hold the asset in order to collect contractual cash flow and the contractual term of the asset give rise on specified
dates to cash flow that are solely payment of principal and interest on the principal amount outstanding.

(b) Financial asset carried at Fair Value through other comprehensive income

A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a
business model whose objective is achieved by both collecting contractual cash flow and selling financial asset the
contractual term of the asset give rise on specified dates to cash flow that are solely payment of principal and
interest on the principal amount outstanding.

For all other equity instrument, the company make irrevocable election to present in other comprehensive income
subsequent change in fair value. The company makes such election on an instrument- to- instrument basis.

(c) Financial asset carried at Fair Value through Profit and loss

A financial asset which is not classified in any of the above category is subsequently measured at fair value through
profit and loss.

Financial liabilities and equity instruments:

Debts and equity instrument issued by a company are classified as either financial liabilities or as equity in
accordance with the substance of the contractual arrangement and the definition of a financial liability and an equity
instruments.

a) Equity Instruments

An equity instrument is any contract that an evidence and residual interest in the assets of the company after
deducting all of its liabilities. Equity instruments issued by the company are recognized at the proceeds received,
net of direct issue costs.

b) Financial Liabilities

All Financial liabilities are subsequently measured at amortised cost using the Effective interest method.
De-recognition of financial Instrument: -

A financial asset is primarily derecognized when the contractual right to the cash flow from the financial asset
expires and it transfers the financial asset.

A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires.

(x) Impairment

A) Financial Asset

The Company measures the expected credit loss associated with its assets based on historical trend, industry
practices and the business environment in which the entity operates or any other appropriate basis. The impairment
methodology applied depends on whether there has been a significant increase in credit risk.

B) Non-Financial Asset

Property, plant and equipment and Intangible asset

The carrying amounts of the Company's assets are reviewed at each balance sheet date to determine whether
there is any indication of impairment. If any such indication exists, the assets' recoverable amount is estimated as
higher of its net selling price and value in use. An impairment loss is recognized whenever the carrying amount of
an asset or its cash generating unit exceeds its recoverable amount. Impairment losses are recognized in the
statement of profit and loss.

An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable
amount. An impairment loss is reversed only to the extent that the asset's carrying amount does not exceed the
carrying amount that would have been determined net of depreciation or amortization, had no impairment loss been
recognized.

Post Impairment, depreciation / amortization is provided on the revised carrying value of the impaired assets over
its remaining useful life.

CRITICAL ACCOUNTING ESTIMATES, ASSUMPTIONS AND JUDGEMENTS

In the process of applying the Company's accounting policies, management has made the following estimates,
assumptions and judgments, which have significant effect on the amounts recognized in the financial statement.
Uncertainty about these assumptions and estimates could result in outcome that requires a material adjustment to
assets or liabilities affected in future periods.

i) Property, plant and equipment

Property, Plant and equipment represent at proportion of the asset base of the company. The useful lives and
residual value of the company's asset are determined by the management at the time the asset is acquired and
reviewed at each reporting date.

ii) Income taxes

The Company's tax jurisdiction is India. Significant judgments are involved in estimating budgeted profits for the
purpose of paying advance tax, determining the provision for income taxes, including amount expected to be
paid/recovered for uncertain tax positions

iii) Contingencies

Management judgment is required for estimating the possible outflow of resources, if any, in respect of
contingencies/claim/litigations against the Company as it is not possible to predict the outcome of pending matters
with accuracy.

iv) Allowance for uncollected accounts receivable and advances

Trade receivables do not carry any interest and are stated at their normal value as reduced by appropriate
allowances for estimated irrecoverable amounts. Individual trade receivables and advances are written off when
management deems them not to be collectible. Impairment is made on the expected credit losses, which are the
present value of the cash shortfall over the expected life of the financial assets.

v) Impairment of non-financial assets

The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If
any indication exists, or when annual impairment testing for an asset is required, the Company estimates the
assets's recoverable amount. An assets's recoverable amount is the higher of an assets's or CGU's fair value
less costs of disposal and its value in use. Where the carrying amount of an asset or CGU exceeds its
recoverable amount, the asset is considered impaired and is written down to its recoverable amount.

vi) Impairment of financial assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected loss
rates. The Company uses judgement in making these assumptions and selecting the inputs to the impairment
calculation, based on Company's past history, existing market conditions as well as forward looking estimates at
the end of each reporting period.

vii) Fair value measurement of financial instruments

When the fair values of financials assets and financial liabilities recorded in the Balance Sheet cannot be
measured based on quoted prices in active markets, their fair value is measured using valuation techniques,
including the discounted cash flow model, which involve various judgments and assumptions.

a) The Company has only one class of shares referred to as equity shares having a par value of Rs. 10/-. each holder of
equity shares is entitled to one vote per share. The equity shareholders are eligible for dividend, if so declared. The
dividend proposed by the board of directors is subject to the approval of the shareholders in the ensuing annual general
meeting, except in case of Interim Dividend.

b) In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining
assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist
currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

Note : 42

Benami Properties

No proceedings has been initiated or pending against the Company for holding any benami property under the Prohibition of
Benami Property Transactions Act, 1988.

Note : 43

Borrowings from Banks/FI on the basis of security of Current Assets

The Company confirms that Quarterly Returns or Statements of Current Assets filed by the Company with Banks/FI, are in
agreement with books of accounts.

Note : 44

The company has not been declared as willful defaulter by any bank of financial institution or any other lender.

Note : 45

Transactions with Struck off Companies

The company has not entered into any transactions with struck off companies under section 248 of the Companies Act 2013 or
Section 560 of Companies Act 1956.

Note : 46

Registration of Charges or Satisfaction

The company does not have any outstanding charges for which satisfaction needs to file.

Note : 47

Compliance with layers of Companies

The company has complied with the number of layers prescribed under Clause (87) of the Act read with Companies (Restriction
on number of Layers) Rules 2017.

Note : 48

Scheme or Arrangement

During the year, the company has not entered into any scheme or arrangement in terms of Section 230 to 237 of the
Companies Act 2013.

Note : 49

Utilization of borrowed funds and share premium

During the year, the Company has not loaned or invested borrowed funds or other funds with the understanding (written or
otherwise), that the intermediatory shall, directly or indirectly, lend or invest in other entities or the intermediary shall provide
security/guarantee for the benefit of entities identified by the Company.

Note : 50

Use of borrowed funds

The Company has used the borrowings from banks and Financial Institutions for the specific purpose for which it was taken.

Note : 56A

Financial Instruments
(i) Fair values hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position are classified into three
Levels of a fair value hierarchy. The three levels are defined based on the observability of significant inputs to the measurement,
as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximise the use of observable market data rely as little as possible on entity specific estimates.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

Note : 56B

Financial risk Instruments

The Company's activities expose it to market risk, liquidity risk and credit risk. The Company's board of directors has overall
responsibility for the establishment and oversight of the Company's risk management framework. This note explains the sources
of risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial statements.

A) Credit Risk

Credit risk is the risk that a counterparty fails to discharge an obligation to the company. The company is exposed to
this risk for various financial instruments, for example by granting loans and receivables to customers, placing deposits,
etc. The company's maximum exposure to credit risk is limited to the carrying amount of following types of financial
assets.

- cash and cash equivalents,

- trade receivables,

- loans & receivables carried at amortised cost, and

- deposits with banks

Credit risk management

Credit risk rating

The Company assesses and manages credit risk based on internal credit rating system, continuously monitoring
defaults of customers and other counterparties, identified either individually or by the company, and incorporates this
information into its credit risk controls. Internal credit rating is performed for each class of financial instruments with
different characteristics. The Company assigns the following credit ratings to each class of financial assets based on
the assumptions, inputs and factors specific to the class of financial assets.

Cash and Cash Equivalent and bank deposit

Credit risk related to cash and cash equivalents and bank deposits is managed by only accepting highly rated banks
and diversifying bank deposits and accounts in different banks.

Trade receivables

Company's trade receivables are considered of high quality and accordingly no life time expected credit losses are
recognised on such receivables.

Other financial assets measured at amortised cost

Other financial assets measured at amortized cost includes advances to employees. Credit risk related to these other
financial assets is managed by monitoring the recoverability of such amounts continuously, while at the same time
internal control system in place ensure the amounts are within defined limits.

B. Liquidity risk

'Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of
funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the nature of
the business, the Company maintains flexibility in funding by maintaining availability under committed facilities.

'Management monitors rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis
of expected cash flows. The Company takes into account the liquidity of the market in which the entity operates. In
addition, the Company's liquidity management policy involves projecting cash flows in major currencies and
considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios against internal
and external regulatory requirements and maintaining debt financing plans.

C) Market risk

a) Interest rate risk

'The Company is not exposed to changes in market interest rates as all of the borrowings are at fixed rate of interest.
Also the Company's fixed deposits are carried at amortised cost and are fixed rate deposits. They are therefore not
subject to interest rate risk as defined in Ind AS 107, since neither the carrying amount nor the future cash flows will
fluctuate because of a change in market interest rates.

b) Price risk exposure

The Company's exposure to price risk arises is nil.

Note : 57

Segment Information

Company has operated only single segment namely Transport of goods by road hence no segment wise reporting is required.

As per our report of even date attached.

For Nemani Garg Agarwal & Co. For and on behalf of board of

Firm Regn. No. 010192N North Eastern Carrying Corporation Limited

Chartered Accountants

Sd/- Sd/- Sd/-

Dinesh Chand Kaushik Sunil Kumar Jain Utkarsh Jain

Partner Managing Director Director

M.No.: 505463 DIN : 00010695 DIN : 05271884

UDIN: 25505463BMLYJC4946 Sd/- Sd/-

Place: New Delhi Rakesh Chandan Singh

Date: May 28, 2025 Company Secretary Chief Financial Officer

M. No. A57773