1.12 Provisions / Contingencies

(a) Provision involving substantial degree of estimation in measurements is 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.

(b) Contingent Liabilities are shown by way of notes to the Accounts in respect of obligations where, based on the
evidence available, their existence at the Balance Sheet date is considered not probable.

(c) A Contingent Asset is not recognized in the Accounts.

(d) The company was issued a show cause notice from DGGI, BZU on 30.09.2022 vide notice no. F. No
DGGI/INV/GST/3104/2021, regarding availing of GST ITC amouting to Rs. 232.43 lacs. The company has
deposited Rs. 50 lacs through DRC-03 challan. However the company has filed a writ petition against the order.
This also may impact taxability as per Income Tax Act in coming years.

(e) The company has a contingent outstanding demand of TDS of Rs. 27.93 lacs. The company has filed
Rectification Statement for Q1 to Q3 for FY 2023-24.

1.13 Segment Reporting

A. Business Segments:

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment Reporting issued by ICAI,
the Company has only one reportable Business Segment, which is engaged incomprehensive range of services
covering Advertising and Marketing Solutions including Digital Marketing, Corporate Travel Arrangements,
Gifting Solutions, Event Management etc. Accordingly, the figures appearing in these financial statements relate to
the Company's single Business Segment.

B. Geographical Segments:

The Company activities / operations are confined to India and as such there is only one geographical segment.
Accordingly, the figures appearing in these financial statements relate to the Company's single geographical
segment.

Refer Annexure to Note: 1.13

a. During the F.Y. 2023-24, the Company alloted 27,13,600 no. of equity shares of Rs. 10/- each at a price of Rs. 78/- per equity share (incl. premium of Rs. 68/- each)
through its Initial Public offer vide resolution dated May, 08, 2023.

Terms / Rights attached to Equity Shares:

The Company has only one class of Equity Shares having a par value of ' 10 per shares. Each holder of equity shares is entitled to one vote per share. Any shareholder
whose name is entered in the Registar of Members of the Company shall enjoy the same rights and be subject to the same liabilities as all other shareholders of the same
class.

In the event of Winding up of the Company, Equity Shareholders will be entitled to receive remaining assets of the Company, after distribution of all preferential
amounts. For the said purpose, the liquidator may set such value as he deems fair upon any property to be divided and may determine how such division shallbe
carried out between the members.

4.1 Loan of Rs. 61.12 lacs availed against property, Repayable in 60 months at an EMI of Rs. 1,28,267/- starting from August,
2021, ROI 9.50% p.a.

4.2 Loan of Rs. 20 lacs availed for Purchase of motor car secured by hypothecation of car, Repayable in 36 months at an EMI ol
Rs. 61,943/- starting from January, 2022, ROI 7.26% p.a.

4.3 Loan of Rs. 137.50 lacs availed Property, Repayable in 180 months at an EMI of Rs. 1,40,281/- starting from August, 2023, ROI
9.1% p.a

4.4 Loan against Property of Rs. 900.00 lacs availed for Purchase of Land, Repayable in 120 months at an EMI of Rs. 11,89,357/-
starting from October, 2023, ROI 10.00% p.a.

4.5 Loan of Rs. 334.07 lacs availed against property Repayable in 241 months at an EMI of Rs. 3,11,393/- starting from June, 2023,
ROI 9.50% p.a.

4.6 Loan of Rs. 247.50 lacs availed Property, Repayable in 180 months at an EMI of Rs. 2,49,561/- starting from August, 2023, ROI
8.90% p.a

Notes:

1. Debt - Service Coverage Ratio decreased by 218.79% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Earnings available for
Debt Service during the F.Y. 2024-25.

2. Return on Equity Ratio decreased by 310.66% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Net Profit after Tax during the
F.Y. 2024-25.

3. Trade Receivables Turnover Ratio decreased by 92.75% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Net Sales during the
F.Y. 2024-25.

4. Trade Payables Turnover Ratio decreased by 92.52% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Net Purchase during
the F.Y. 2024-25.

5. Working Capital Turnover Ratio decreased by 85.14% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Net Sales during the
F.Y. 2024-25.

6. Net Profit Ratio decreased by 1656.04% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to Net Loss during the F.Y. 2024-25.

7. Return on Capital Employed decreased by 195.60% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in EBIT during the F.Y.
2024-25.

NOTE 30

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings

e) There are no layer of companies, hence no disclosures are required.

f) There is no scheme of arrangement approved in terms of section 230 to 237 of Companies Act, 2013.

g) There are no loans and advances in the nature of loans that are granted to promoters, directors, KMP's and other related parties either
severally or jointly with anyother person that are repayable on demand.

f) The company does not have any transaction not recorded in the books of accounts that has been surrendered or disclosed as income during
the year in the income tax assessments under the Income tax Act, 1961.

g) The company has not advanced or loaned or invested funds to anyother person(s) or entity(ies), including foreign entities (intermediaries)
with the understanding that the intermediaries shall:

(i) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company
(ultimate beneficiery) or

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries

h) The company has not received from any person(s) or entity(ies), including (funding party) with the understanding that the company shall:

(i) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company
(ultimate beneficiery) or

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries

NOTE 31. DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560
of Companies Act, 1956 during the financial year.

The Company has reported segment information as per Accounting Standard 17 "Operating Segments" (AS 17). The identification of operating
segments is consistent with performance assessment and resource allocation by the Chief Operating Decision Maker.

In terms of our report of even date annexed For and on behalf of the Board

For JAY GUPTA & ASSOCIATES

(Erstwhile GUPTA AGARWAL & ASSOCIATES) INNOKAIZ INDIA LIMITED

Chartered Accountants
FRN: 329001E

BALAKRISHNAN

SUKUMARBALAKRISHNAN SELVARAJ DURAIRAJ
(Managing Director) (Director)

Jay Shanker Gupta DIN: 06464374 DIN: 08181614

(Partner)

Membership No. 059535
UDIN: 25059535BMHCBA3535

#REF! BALARAMAN SUGANTHI

#REF! CFO

Date: 30th day of May, 2025
Place: Kolkata