(g) Provisions, Contingent liabilities and contingent assets:

Provisions are recognised when the Company has a present legal or constructive obligation as a result of
past events, it is probable that an outflow of resources will be required to settle the obligation and the
amount can be reliably estimated. Provisions are measured at the present value of management's best
estimate of the expenditure required to settle the present obligation at the end of the reporting period.

A contingent liability exists when there is a possible but not probable obligation, or a present obligation that
may, but probably will not, require an outflow of resources, or a present obligation whose amount cannot be
estimated reliably.

All known Liabilities, wherever material, are provided for and Liabilities, which are disputed, are referred to
by way of Notes on Accounts.

(h) Cash and cash equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on
hand, deposits held at call with financial institutions, other short-term, highly liquid investments with
original maturities of three months or less that are readily convertible to known amounts of cash and which
are subject to an insignificant risk of changes in value.

(i) Earnings Per Share:

Basic earnings per share is calculated by dividing the net profit for the year attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period. The weighted
average number of equity shares outstanding during the period is adjusted for events of bonus issue; bonus
element in a rights issue to existing shareholders; share split; and reverse share split (consolidation of
shares).

(j) Financial Instruments:

Financial assets and liabilities are recognised when the Company becomes a party to the contractual
provisions of the instruments. All the financial assets and liabilities are measured initially at fair value.
Transaction costs that are directly attributable to the acquisition or issue of financial asset and financial
liabilities (other than financial assets and liabilities carried at fair value through profit or loss) are added or
deducted from the fair value measured on initial recognition of financial asset or financial liability.

(i)Classification and Measurement

All the financial assets are initially measured at fair value. Transaction costs that are directly attributable to
the acquisition of financial asset (other than financial assets carried at fair value through profit or loss) are
added to or deducted from the fair value measured on initial recognition of financial asset.

Subsequent measurement of a financial assets depends on its classification i.e., financial assets carried at
amortised cost or fair value (either through other comprehensive income or through profit or loss). Such
classification is determined on the basis of Company's business model for managing the financial assets and
the contractual terms of the cash flows.

The Company's financial assets primarily consists of cash and cash equivalents, trade receivables, loans to
employees and security deposits etc. which are classified as financial assets carried at amortised cost.

(ii) Amortised cost

Assets that are held for collection of contractual cash flows where those cash flows represent solely
payments of principal and interest are measured at amortised cost. A gain or loss on a financial assets that is
subsequently measured at amortised cost is recognised in profit or loss when the asset is derecognised or
impaired. Interest income from these financial assets is recognised using the effective interest rate method.

(iii) Impairment of financial assets

The Company assesses on a forward looking basis the expected credit losses associated with its assets
carried at amortised cost. For trade receivables, the Company provides for lifetime expected credit losses
recognised from initial recognition of the receivables.

(iv) Derecognition of financial assets

A financial asset is derecognised only when the Company has transferred the rights to receive cash flows
from the financial asset or retains the contractual rights to receive the cash flows of the financial asset, but
assumes a contractual obligation to pay the cash flows to one or more recipients.

(k) Cash flow statement

Cash flows are reported using the indirect method, whereby profit/ loss before tax is adjusted for the effects
of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or
payments and item of income or expenses associated with investing or financing flows. The cash flows from
operating, investing and financing activities of the Company are segregated.

(l) Borrowing Costs

"Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of
funds including interest expense calculated using the effective interest method.

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets,
which are assets that necessarily take a substantial period of time to get ready for their intended use or sale,
are added to the cost of those assets, until such time as the assets are substantially ready for their intended
use or sale.

Other income earned on the temporary investment of specific borrowings pending their expenditure on
qualifying assets is deducted from the borrowing costs eligible for capitalisation.

Interest expense includes origination costs that are initially recognised as part of the carrying value of the
financial liability and amortized over the expected life using the EIR. It also include expenses related to
borrowing which are not part of effective interest as not directly related to loan origination."

(m) Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief
Operating Decision-Maker (CODM). The CODM assess the financial performance and position of the
company and makes strategic decisions.

(n) Financial Liabilities

The Company classifies all financial liabilities as subsequently measured at amortised cost, except for
financial liabilities at fair value through profit or loss. Such liabilities, including derivatives that are
liabilities, shall be subsequently measured at fair value.

"Financial liabilities at FVTPL

Financial liabilities at FVTPL include financial liabilities held for trading and financial liabilities designated
upon initial recognition as at FVTPL. Financial liabilities are classified as held for trading, if they are
incurred for the purpose of repurchasing in the near term. This category also includes derivative financial
instruments that are not designated as hedging instruments in hedge relationships as defined by Ind AS 109 -
""Financial Instruments""."

"Financial liabilities measured at amortised cost

After initial recognition, interest bearing loans and borrowings are subsequently measured at amortised cost
using the EIR method except for those designated in an effective hedging relationship.

Amortised cost is calculated by taking into account any discount or premium and fee or costs that are an
integral part of the EIR. The EIR amortisation is included in finance costs in the Statement of Profit and
Loss. Any difference between the proceeds (net of transaction costs) and the redemption amount is
recognised in profit or loss over the period of the borrowings using the EIR method."

"Trade and other payables

A payable is classified as 'trade payable' if it is in respect of the amount due on account of goods purchased
or services received in the normal course of business. These amounts represent liabilities for goods and
services provided to the Company prior to the end of financial year, which are unpaid. They are recognised
initially at their fair value and subsequently measured at amortised cost."

"Derecognition of financial liabilities

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or
expires. When an existing financial liability is replaced by another from the same lender on substantially
different terms, or the terms of an existing liability are substantially modified, such an exchange or
modification is treated as the derecognition of the original liability and the recognition of a new liability.

The difference between the carrying amount of the financial liability derecognised and the consideration
paid and payable is recognised in the Statement of Profit and Loss."

(o) Significant accounting judgements,estimates and assumptions

"The preparation of financial statements in conformity with the Ind AS requires the management to make
judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and
liabilities and the accompanying disclosure and the disclosure of contingent liabilities, at the end of the
reporting period. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimates are revised and future periods are
affected. Although these estimates are based on the management's best knowledge of current events and
actions, uncertainty about these assumptions and estimates could result in the outcomes requiring a material
adjustment to the carrying amounts of assets or liabilities in future periods.

In particular, information about significant areas of estimation, uncertainty and critical judgements in
applying accounting policies that have the most significant effect on the amounts recognised in the financial

(p) Business Model Assessment

Classification and measurement of financial assets depends on the results of the SPPI and the business
model test. The Company determines the business model at a level that reflects how groups of financial
assets are managed together to achieve a particular business objective. The Company monitors financial
assets measured at mortised cost or fair value through other comprehensive income that are derecognised
prior to their maturity to understand the reason for their disposal and whether the reasons are consistent with
the objective of the business for which the asset was held. Monitoring is part of the Company's continuous
assessment of whether the business model for which the remaining financial assets are held continues to be
appropriate and if it is not appropriate whether there has been a change in business model, if so, then it will
be a prospective change to the classification of those assets.

(c )Management has decided to change the accounting of Loans from Fair Value to Amortized cost. There is
no change in the loan amount due to change in accounting from Fair Value to Amortized Cost.

( d)The Company has not received any intimation from its suppliers regarding their status under The Micro,
Small and Medium Enterprise Development Act, 2006 and hence no disclosure required under the said Act
can be made.

(e) Analytical Ratios

As per the Schedule III of Companies Act, 2013 requirements, following ratios are to be disclosed along
with explanation for those ratios having variance of more than 25% as compared to preceding year.

(f) The balances of sundry debtors, creditors and loans & advances are subject to confirmation.
( g) Previous year's figures have been regrouped and rearranged wherever found necessary.

(h) The additional regulator information has been attached as Annexure - II.