h) Provisions (other than for employee benefits)

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 can be
made of the amount of the obligation.

If the effect of the time value of money is material,
provisions are discounted usin9 a current pre-tax rate
that reflects, when appropriate, the risks specific to
the liability. When discounting is used, the increase in
the provision due to the passage of time is recognised
as a finance cost.

i) Revenue Recognition

Revenue is recognised to the extent it is probable that
the economic benefits will flow to the company and
the revenue can be reliably measured, regardless of
when the payment is being made. Revenue towards
satisfaction of a performance obligation is measured
at the amount of transaction price (net of variable
consideration) allocated to that performance
obligation. The transaction price of goods sold and
services rendered is net of variable consideration on
account of various discounts and schemes offered by
the company as part of contract.

Revenue from the sale of goods is recognised
when the goods have been delivered and title have
been passed. No revenue is recognised if there are
significant uncertainties regarding recovery of the
amount due, associated costs or the possible return
of goods from date of initial application.

j) Leases

The company recognises a right-of-use asset and a
lease liability at the lease commencement date. The
right-ot-use asset is initially measured at cost, which

comprises the initial amount of the lease liability
adjusted for any lease payments made at or before
the commencement date, plus any initial direct
costs incurred and an estimate of costs to dismantle
and remove the underlying asset or to restore the
underlying asset or the site on which it is located, less
any lease incentives received.

The right-of-use asset is subsequently depreciated
using the straight-line method from the
commencement date to the earlier of the end of the
useful life of the right-of-use asset or the end of the
lease term. The estimated useful lives of right-of-use
assets are determined on the same basis as those of
property and equipment. In addition, the right-of-use
asset is periodically reduced by impairment losses, if
any, and adjusted for certain re-measurements of the
lease liability. The lease liability is"initially measured
at the present value of the lease payments that are
not paid at commencement date, discounted using
the interest rate implicit in the lease or, if that rate
cannot be readily determined, company's incremental
borrowing rate.

Generally, the company uses its incremental
borrowing rate as the discount rate.

Lease payments included in the measurement of the
lease liability comprise the following: Fixed payments,
including in-substance fixed payments;

Variable lease payments that depend on an index or
a rate, initially measured using the index or rate as at
the commencement date;

Amounts expected to be payable under a residual
value guarantee; and

The exercise price under a purchase option that the
company is reasonably certain to exercise, lease
payments in an optional renewal period if the company
is reasonably certdin to exercise an extension option,
and penalties for early termination of a lease unless
the companv is reasonablv certain not to terminate
earlv.

i Recognition of dividend income, interest income or
expense

Dividend income is recognised in profit or loss on
the date on which the Company's right to receive
payment is established. Interest income or expense is
recognised using the effective interest method.
Income tax

Income tax expense comprises of current and deferred
tax. Current tax and deferred tax is recognized in the
statement of profit or loss except to the extent that it
relates to a business combination, or items recognized
directly in equity or in OCI.

i. Current tax

Current tax assets and liabilities are measured
at the amount expected to be recovered from
or paid to the taxation authorities, based on tax
rates and laws that are enacted or substantively
enacted at the Balance sheet date.

ii. Deferred tax

Deferred tax is recognised on temporary
differences between the carrying amounts of
assets and Iiabilities in the financial statements
and the corresponding tax bases used in the
computation of taxable profit.

Deferred tax liabilities and assets are measured
at the tax rates that are expected to apply in the
period in which the liability is settled or the asset
realised, based on tax rates (and tax laws) that
have been enacted or substantively enacted by
the end of the reporting period. The carrying
amount of Deferred tax Iiabilities and assets are
reviewed at the end of each reporting period.

m) Borrowing costs

Borrowing costs are interest and other costs
incurred in connection with the borrowing of funds.
Borrowing costs directly attributable to acquisition
or construction of an asset which necessarily take
a substantial period of time to get ready for their
intended use are capitalised as part of the cost of that
asset. Other borrowing costs are recognised as an
expense in the period in which they are incurred.

Where there is an unrealised exchange loss which is
treated as an adjustment to interest and subsequently
there is a realised or unrealised gain in respect of the
settlement or translation of the same borrowing, the
gain to the extent of the loss previously recognised
as an adjustment is recognised as an adjustment to
interest.

n) Foreign currencies transactions

Transactions in foreign currencies are recorded at the
exchange rate prevailing on the date of transaction.
Monetary assets and Iiabilities denominated in foreign
currencies are translated at the Exchange differences
arising on settlement or translation of monetary items
are recognised in Statement of Profit and Loss.

o) Government Grant

Grants from the government are recognised at their
fair value where there is a reasonable assurance
that the grant will be received and the Company will
comply with all attached conditions.

p) Earnings Per Share

Basic earnings per share are calculated by dividing the
net profit or loss for the year attributable to equity
shareholders by the weighted average number of
equity shares outstanding during the year.

For the purpose of calculating diluted earnings per
share, the net profit or loss for the year attributable
to equity shareholders and the weighted average
number of shares outstanding during the year are
adjusted for the effects of all dilutive potential equity
shares.

Financial risk management objectives and policies

The Company's principal financial liabilities comprise loans and borrowings, trade and other payables. The main purpose of
these financial liabilities is to finance and support company's operations. The Company's principal financial assets include
trade and other receivables, cash and cash equivalents and loans and advances and refundable deposits that derive directly
from its operation.

The company is exposed to market risk, credit risk and liquidity risk. The Company's senior management overseas the
management of these risks. The company's senior management is supported by a financial risk committee that advises
on financial risks and the appropriate financial risk governance framework for the company. the Financial risk committee
provides assurance to the company's senior management that the company's financial risk activities are governed by
appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the
company's policies and risk objectives. the Board of Directors reviews and agrees policies for managing each of these risks
which are summarised below.

A) Market Risk:

Market risk is the risj that the fair value of future cash flows of a financial instrument will fluctuate because of changes
in market prices. Market risk companies two types of risk: interest rate risk and other price risk: such as equity price
risk and commodity/ real estate risk. the company has not entered into any foreign exchange or commodity derivative
contracts. Accordingly, there is no significant exposure to the market risk other than interest risk.

i) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because
of changes in market interest rates. The company's exposure to the risk of changes in market interest rates
relates primarily to the company's long-term debt obligations with floating interest rates.

The company manages its interest rate risk by having a balanced portfolio of fixed and variable rate loans and
borrowings. Most of the Borrowings of the Company are unsecured and at Fixed rates. The company has only
one cash credit account which is linked to the prime Bank lending rate. The company does not enter into any
interest rate swaps.

ii) Price Risk

The Company has not made any investments for trading purposes. The Surpluses have been deployed in Bank
deposits as explained above.

iii) Creidt Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer
contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily
trade receivables) and from its financing activities, including refundable joint development deposts, security
deposits, loans to employees and other financial instrument.

Trade Receivable

Receivable resulting from sale of Properties: Customer credit risk is managed by requiring customers to pay advances
before transfer of ownership, therefore,substantially eliminating the company's credit risk in this respect.

Receivable resulting from other than sale of properties: Credit risk is managed by each business unit subject to the
company's established policy, procedure and control relating to customer credit risk management. Outstanding customer
receivables are regularly monitored. the impairment analysis is performed at each reporting date on an indivdual basis
for major clients. In addition, a large number of minor receivables are grouped into homogeneous groups and assessed
for impairment collectively. the Maximum exposure to credit collateral as security. the Company's credit period generally
ranges from 30-60 days.

The ageing of trade receivable : Refer note 8

Deposits with Banks and financial institutions

Credit risk from balances with banks and financial institutions is managed by the company's treasury department in
accordance with the company's policy. Investment of surplus funds are made only with approved counterparties and within

vii) Company has not traded or invested in Crypto currency or virtual currency during the financial year.

38 The Company used to be a wholly owned subsidiary of RDB Realty & Infrastructure Limited till 31.03.2024. The
Holding Company has received the certified order copy from NCLT dated 19.07.2024 which approves the scheme of
arrangement for demerger w.e.f. 01.10.2022 of Realty Business undertaking of the existing company RDB Realty and
Infrastructure Limited (Demerged company). The Realty Business undertaking has been transferred to the resulting
company RDB Real Estate Constructions Limited. The Current year financial of the company has been prepared after
considering the demerger impact.

39 As per certified order copy issued by NCLT relating to the scheme of arrangement for demerger dated 19.07.2024, all
the investments of the demerged entity have been transferred to the resulting company RDB Real Estate Constructions
Limited w.e.f. 01.10.2022. The Company has prepared consolidation statement for the current and previous year to
effect such order.

40 The Figure of previous year have been recast, regrouped whether considered necessary.

For and on behalf of the Board

For L. B. Jha & Co. RDB Real Estate Constructions Limited

Chartered Accountants Sd/- Sd/-

Firm Registration No : 301088E Pradeep Kumar Pugalia Neera Chakravarty

Whole Time Director Whole Time Director

(Ranjan Singh) DIN : 00501351 DIN : 09096844

Partner Sd/- Sd/-

Membership No.305423 Bidyut Dey Surabhi Kumari Gupta

Place: Kolkata Chief Financial Officer Company Secretary

Date: 29-05-2025 & Compliance Officer