11. Provisions and Contingent Liabilities

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that
is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle
the obligation. Provisions are determined by the best estimate of the likely future outflow of economic
benefits required to settle the obligation at the reporting date.

Where no reliable estimate can be made, a disclosure is made as contingent liability. A disclosure for
a contingent liability is also made when there is a possible obligation or a present obligation that may,
but probably will not, require an outflow of resources. Where there is a possible obligation or a present
obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure

is made.

12. Cash & Cash Equivalents

Cash and cash equivalents comprises of cash and deposit with banks. The Company considers all
highly liquid investments with a remaining maturity at the date of purchase of twelve months or less
and that are readily convertible to known amounts of cash to be cash equivalents.

13. Segment Reporting

The Company is operating under a single segment , hence segment reporting is not applicable.

14. Investments

Investments are classified into Non-Current Investments and Current Investments. Non-Current
Investments are valued at cost less permanent diminution in the value thereof, if any. Current
Investments are valued at lower of the cost or market value.

(i) Rights, Preferences and Restrictions regarding each class of shares:

The Company has one class of equity share having a face value of Rs. 10/- per share. Each shareholder
is eligible for one vote per share held.a

The Company has not declared dividend for the current year. However, in case of declaration of divi¬
dend, the distribution will be in proportion to the number of equity shares held by the shareholders.

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 equi¬
ty shares held by the shareholders.

Note:

1. Hypothecation of Fixed Assets

2. Additional charge on EM of Commercial office No.214, 215, 216, 217, 2nd floor of the building known as
Avior, Nirmal Galaxy, LBS Road, Near Deep Mandir Cinema, Mulund West Mumbai 400081 owned by S J
Logistics India Limited.

3. Hypothecation of Book Debts and entire Current Assets of the Company

4. Flat No. 501 & 502 admeasuring 2303 sq.ft. situated at Carlyle Building, Raheja Gardens, LBS Marg,
Thane (W), Mumbai owned by Mrs. Asmita Shah & Mr. Rajen Shah which is already charged to Proper¬
ty Power loan availed in the name of Mr. Rajen Shah (Addl Charge for S J Logistics India Limited).

5. Flat No. 2005, 20th Floor, Tower No. 8, Wing H, Pinewood, Runwal Greens, Mulund, Goregaon, Link
Road, Bhandup (W), Mumbai owned by Mr. Rajen H Shah which is charged to Housing loan availed in
the name of Mr Rajen Shah (Addl Charge for S J Logistics India Limited).

6. Dry Van Containers

*The Board of Directors of the company had approved the Preferential allotment of 6,40,000 (Six Lakh
Forty Thousand) equity shares of face value of Rs. 10/- each fully paid-up at a price of Rs, 576/- per equity
share (including premium of Rs.566 /- per equity share), aggregating to Rs. 36,86,40,000/- on December
12, 2024. The Board of Directors of the company had approved the lssue of 7,00,000 (Seven Lakhs) war¬
rants of face value of Rs. 10/- each at a price of Rs. 576/- per warrant (including premium of Rs 566/- per
warrant) which will be converted into equivalent number of equity shares upon conversion, aggregating to
Rs. 40,32,00,000/- (25% of the issue price payable on issue of warrants & balance on excersise of option).

Of which 120,000 warrants had been exercised and converted to the extent of 120,000 equity shares till
31st March,2025. Further 50,000 warrants have been exercised and converted to the extent of 50,000
equity shares during the year ended 31st march, 2026.

* Weighted average number of equity shares has been computed after considering the impact of prefer¬
ential allotment of equity shares and conversion of warrants into equity shares effected during the current
year as well as the previous year.

* Weighted Average No.of Equity Shares used for the Diluted earnings per share has been computed after
considering the effect of equity shares issued during the year and the potential dilution arising from con¬
vertible warrants outstanding as at the reporting date, which are capable of being converted into equity
shares in future periods.

NOTE 31- BENAMI PROPERTY PROCEEDINGS UNDER BENAMI TRANSACTION (PROHIBITION) ACT, 1988 (45
OF 1988)

No Proceedings have been initiated against the Company under the Benami Trnsaction (Prohibition) Act, 1988.

NOTE 32- WILFUL DEFAULTER

Company is not a wilful defaulter

NOTE 33- RELATIONSHIP WITH STRUCK OFF COMPANIES

The Company has not enetered into any transactions with any Companies struck off under section 248 of the
Companies Act, 2013.

Contingent Liabilities:

The Company has certain pending litigations with tax authorities, which have not been acknowledged as
debts. These represent contingent liabilities based on legal advice and management’s evaluation. The details
of such disputed tax demands are as follows:

S J Logistics (India) Limited has disputed income tax liabilities under regular assessment for the Assessment
Year 2021-22 amounting to ?17.76 lakhs. These demands are currently under appeal and no provision has
been made in the books, as the likelihood of liability crystallizing is considered uncertain.

NOTE 36- CORPORATE SOCIAL RESPONSIBILITY

As per Section 135 of the Companies Act, 2013, and the rules made thereunder, the Company has constituted a Corporate
Social Responsibility (CSR) Committee and undertaken CSR activities in accordance with the prescribed provisions. The
disclosure regarding CSR expenditure for the financial year ended 31st March 2026 is as follows:

NOTE 37- PREVIOUS YEAR’S FIGURES

Previous year’s figures are regrouped, rearranged and reclassified wherever necessary to correspond the
current year’s classification/ disclosures.