I. Provision Contingent Liabilities and Contingent Assets

The Company recognizes a provision when there is a present obligation as a result of past event that probably requires an
outflow of resources and a reliable estimate can be made of the amount of the obligations. A disclosure of the contingent
liability, if determinable, is made when there is a possible obligation or a present obligation that may, but probably will
not, require an outflow of resources. But where is a possible obligation, but the likelihood of outflow of resources is
remote, no provision/ disclosure is made.

Contingent Assets are neither recognized nor disclosed in the financial statements. However, contingent assets are
assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the assets and related
income are recognized in the period in which the change occurs.

J. Use of Estimates

In preparing Company's financial statements in conformity with accounting principles generally accepted in India,
management is required to make estimated assumptions that affect the reported amount of assets and liabilities and
the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and
expenses during the reporting period. Actual results could in the period differ from those estimates. Any revision to
accounting estimates is recognised in the period the same is determined.

K. Cash and cash equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term
investments with an original maturity of three months or less .

L. Employee Benefits

Short-Term Employee Benefits

All employee benefits falling due within twelve months of the end of the period in which the employees render the
related services are classified as short-term employee benefits, which include benefits like salaries, wages, short term
compensated absences, incentives, etc. and are recognized as expenses in the period in which the employee renders the
related service and measured accordingly.

Gratuity

The Company's gratuity benefit scheme is a defined benefit plan. The Company's net obligation in respect of defined
benefit plan is calculated by estimating the amount of future benefit that employees have earned in return for their service
in the current and prior periods; this benefit is discounted to determine its present value. Any unrecognised past service
costs are deducted. The calculation of the Company's obligation under this plan is performed annually by a qualified
actuary using the projected unit credit method.

Re-measurements comprising of actuarial gains and losses, are immediately recognised in statement of profit and loss as
employee benefit expenses.

All other expenses related to defined benefit plans are recognised in statement of profit and loss as employee benefit
expenses..

Leave Encashment

The employees can carry forward a portion of the unutilized accrued compensated absences and utilise it in future service
periods or receive cash compensation during termination of employment.

The calculation of the Company's obligation for unutilized accrued compensated absences is performed annually by a
qualified actuary using the projected unit credit method.

Actuarial gains/losses are immediately taken to the statement of profit and loss

All other expenses related to defined benefit plans are recognised in statement of profit and loss as employee benefit
expenses..

Provident Fund

Provident Fund is deposited with Regional Provident Fund Commissioner. This is treated as defined contribution plan.
Company's contribution to the Provident Fund is charged to Profit & Loss Account.

2.4 Shares reserved for issue under options and contracts/commitments for the safe of shares/disinvestment, including the
terms and amounts : NIL

2.5 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.

2.6 During the year 2023-24 The Company issued Bonus shares during the year in the ratio of 100 : 1 (i.e. Hundred bonus
equity share of Rs.10/- each for every one fully paid up Equity Share of Rs.10/- each) to the shareholders by capitalizing
existing surplus in profit and loss account balance amounting to Rs. 1500 lakhs. Accordingly, 150,00,000 equity shares by
way of bonus shares were issued and allotted on 26th July 2023.

2.7 During the year 2023-24, the Company had completed the Initial Public Offering (IPO) of 48,80,000 Equity Shares of Face
Value of Rs. 10 each for cash at a price of Rs.75 per Equity Share aggregating to Rs. 3660 Lakhs comprising a Fresh Issue
of 33,80,000 Equity Shares aggregating to Rs. 2535 Lakhs and on offer for sale of 15,00,000 Equity Shares aggregating to
Rs.1125 Lakhs by the existing shareholders pursuant to the IPO. The approval for IPO was sought from the shareholders
of the Companyh at their meeting held on 15-Sep-2023. The Equity Shares of the Company were listed on SME Platform
of NSE Limited (NSE SME). The selling shareholders were Mr. Uddhav Poddar and Bhumika Realty Private Limited.

2.8 For the year ended on March 31, 2024, the Company had incurred Rs. 519.96 lakhs as towards IPO related expenses. The
Company has utilised amount lying in Securities Premium Account towards IPO related expenses in terms of Section 52
(2)(c) of the Companies Act, 2013.

4.1 Vehicle Loans are secured by way of first charge over specific vehicles and the same are repayable as per term
of agreement .

4.2 Term Loan includes Rupee Term loan availed from ICICI Bank amounting to Rs 804.70 Lacs is secured by
exclusive charge over current assets and movable fixed assets of company including mortgage on property
(immovable fixed assets) of Mr. Uddhav Poddar (Director) and is repayable in 83 equated installments of Rs
9.69 Lacs beginning from May 2022. Personal Guarantee of Loan is given by Mr. Uddhav Poddar (Director).

4.3 Term Loan includes Rupee Term loan availed from ICICI Bank amounting to Rs 72.82 Lacs is secured by
exclusive charge over current assets and movable fixed assets of company including mortgage on property
(immovable fixed assets) of Mr. Uddhav Poddar (Director) and is repayable in 84 equated installments of Rs
0.86 Lacs beginning from May 2022. Personal Guarantee of Loan is given by Mr. Uddhav Poddar (Director).

4.4 Term Loan includes ECLGS loan availed from ICICI Bank amounting to Rs 95.42 Lacs is secured by second
ranking charge over all the existing security created in favour of ICICI Bank for the other facility (as stated above)
and is repayable in 36 equated installments of Rs 2.65 Lacs beginning from April 2025. Personal Guarantee of
Loan is given by Mr. Uddhav Poddar (Director).

4.5 Term Loan includes Working Capital Term loan availed from ICICI Bank amounting to Rs 700.00 Lacs is secured
by exclusive charge over current assets and movable fixed assets of company including mortgage on property
(immovable fixed assets) of Mr. Uddhav Poddar (Director) and is repayable in 48 equated installments of Rs
14.58 Lacs beginning from June 2023. Co-borrower of Loan are Mr. Uddhav Poddar (Director) and Bhumika
Realty Private Limited (Related party)

4.6 Property Loan availed from LIC Housing Finance Limited amounting to Rs. 560.00 Lacs to Purchase/
Construction/ Renovation of office/ Purchase of Equipments is used for takeover of Loan from ICICI Bank
taken for Purchase of (Shop No. M012) Property at Plot No.F210 to F223, RHCO Industrial area, Sukher, Tehsil
Udaipur, City Udaipur, Pincode-313004, Rajasthan and same is secured by charge on Property and is repayable
in 180 equated installments of Rs 6.66 Lacs beginning from April 2023. Guarantee of Loan is given by Bhumika
Enterprise Private Limited (Related party)

4.7 Loan against Property availed from LIC Housing Finance Limited amounting to Rs. 109.00 Lacs is secured
by charge on Property - (Shop No. M012) Property at Plot No.F210 to F223, RHCO Industrial area, Sukher,
Tehsil Udaipur, City Udaipur, Pincode-313004, Rajasthan and is repayable in 180 installments - 179 equated
installments of Rs 1.15 Lacs beginning from November 2023 & 180th installment of Rs. 49.16 Lacs.

4.8 Loan against Property availed from LIC Housing Finance Limited amounting to Rs. 100.00 Lacs to Purchase/
Construction/ Renovation of office/ Purchase of Equipments and secured by charge on Property - (Shop
No. M012) Property at Plot No.F210 to F223, RHCO Industrial area, Sukher, Tehsil Udaipur, City Udaipur,
Pincode-313004, Rajasthan and is repayable in 180 equated installments of Rs 1.12 Lacs beginning from Feburary
2024. Co-borrower of Loan is Mr. Uddhav Poddar (Director)

4.9 Loan against Property availed from LIC Housing Finance Limited amounting to Rs. 580.00 Lacs (Loan from
HDB Financials takenover of Rs. 419.60 Lacs) for Purchase/ Construction/ Renovation of office/ Purchase
of Equipments and secured by charge on Property - (Shop No. M016, M017, M018) at Plot No.F210 to F223,
RIICO Industrial area, Sukher, Tehsil Udaipur, City Udaipur, Pincode-313004, Rajasthan and is repayable in 180
equated installments of Rs 6.49 Lacs beginning from March 2025.

4.10 Loan against Property availed from HDFC Bank amounting to Rs. 1900.00 Lacs for takeover of Loan from LIC
Hosuing Finance taken for Purchase of (Shop No. M001 to M010) Property at Plot No.F210 to F223, RIICO
Industrial area, Sukher, Tehsil Udaipur, City Udaipur, Pincode-313004, Rajasthan and same is secured by
charge on Property and is repayable in 120 equated installments of Rs 22.86 Lacs beginning from September
2023. Guarantee of Loan is given by Bhumika Enterprise Private Limited (Related party). Co-borrower of Loan
are Mr. Uddhav Poddar (Director) and Bhumika Realty Private Limited (Related party)

4.11 Loan against Property availed from HDFC Bank amounting to Rs. 200.00 Lacs is secured by charge on Property
at Plot No.F210 to F223, RIICO Industrial area, Sukher, Tehsil Udaipur, City Udaipur, Pincode-313004, Rajasthan
and it is repayable in 120 equated installments of Rs 2.59 Lacs beginning from October 2024. Co-borrower of
Loan are Mr. Uddhav Poddar (Director) and Bhumika Realty Private Limited (Related party)

4.12 Loan against Property availed from HDFC Bank amounting to Rs. 325.00 Lacs for takeover of Loan of Yes
Bank amounting to Rs. 120.88 Lacs availed for Purchase of (Shop No. M001A, M002A, M006A & M010A)
Property at Plot No.F210 to F223, RIICO Industrial area, Sukher, Tehsil Udaipur, City Udaipur, Pincode-313004,
Rajasthan and same is secured by charge on Property and is repayable in 120 equated installments of Rs 4.21
Lacs beginning from February 2025. Co-borrower of Loan are Mr. Uddhav Poddar (Director) and Bhumika
Realty Private Limited (Related party)

4.13 Loan against Property availed from RBL Bank amounting to Rs. 105.00 Lacs for Business Purpose, which
is secured by charge on Property of Bhumika Enterprise Limited (Related party) - Shop No. FF04A at Plot
No.F210 to F223, RHCO Industrial area, Sukher, Tehsil Udaipur, City Udaipur, Pincode-313004, Rajasthan and
is repayable in 180 equated installments of Rs 1.06 Lacs beginning from October 2024. Co-borrower of Loan
are Mr. Uddhav Poddar (Director), Bhumika Realty Private Limited (Related party) and Bhumika Enterprise
Limited (Related party)

4.14 Unsecured Loans availed from Axis Bank of Rs. 50.00 Lacs is repayable in 24 equated installments of Rs 2.46
Lacs from November 2023.

4.15 Unsecured Loans availed from ICICI Bank of Rs. 50.00 Lacs is repayable in 18 equated installments of Rs 3.18
Lacs from February 2024.

4.16 Unsecured Loans availed from IDFC First Bank of Rs. 51.00 Lacs is repayable in 36 equated installments of Rs
1.78 Lacs from December 2023.

4.17 Term Loan availed from Siemens Financial Services Pvt. Ltd. amounting to Rs. 164.50 Lacs to Purchase DG Set
and same is secured by charge on DG Set and is repayable in 36 equated installments of Rs 5.62 Lacs beginning
from October 2024.

4.18 Loan against Property availed from THE DELHI SAFE DEPOSIT CO. LTD amounting to Rs. 50.00 Lacs which
is secured by charge on Property of Bhumika Enterprise Limited (Related party) - Shop No. UGF 136 at Plot
No.F210 to F223, RIICO Industrial area, Sukher, Tehsil Udaipur, City Udaipur, Pincode-313004, Rajasthan and
is repayable in 36 equated installments of Rs 1.75 Lacs beginning from January 2024. Co-borrower of Loan is
Bhumika Enterprise Limited (Related party)

29 Segment Reporting

Based on the guiding principles given in Accounting Standard-17, The Company is presently engaged in 2 Segments -

a. Logistics & Service Income - includes C & F Agency, Transportation, FTL and other ancillary activities

b. Trade of Electronic Appliances - includes retail trade of various types of home appliances, consumer electronics etc.
and allied services on various online marketplaces,

c. Real-estate - includes Property at Urban Square Mall, Rajasthan given for rent purpose.

The Company prepares its operating segment information in conformity with the accounting policies adopted for
preparing and presenting the financial statements of the Company as a whole.

No operating segments have been aggregated to form the above reportable operating segments.

Revenue, expenses, assets and liabilities which relate to the Company as a whole and not allocable to segments on
reasonable basis have been included under 'Unallocated'.

Finance costs are not allocated to individual segments as the underlying instruments are managed on a Company basis

39 Previous year figures have been regrouped/ rearranged wherever considered necessary.

IN TERMS OF OUR REPORT OF EVEN DATE.

FOR K N GUTGUTIA & CO. For and on behalf of the board

CHARTERED ACCOUNTANTS For Kaushalya Logistics Limited

Firm Registration Number: 304153E

(B R Goyal) (Uddhav Poddar) (Atul Garg)

PARTNER Managing Director Director

M. NO.12172 DIN: 00886181 DIN: 06696759

PLACE : NEW DELHI
DATE : 30-05-2025

(Abhishek Sapra) (Anupam Agr)

CFO Company Secretary

M.No. A31556