Notes to Accounts of Accord Synergy Ltd.

Mar 31, 2025

41 DIRECTORS'' REMUNERATION

Directors'' Remuneration paid during the year of'' 70,35,612 ( PY '' 70,35,612) is as per the provisions of
Section 197 read with Part II of Schedule V of the Companies Act, 2013 including eligible perquisites other than
Free Usage of Car. Contributions are made to PF only in case of MD. All Directors are considered eligible for
other Retirement Benefits._

43 POST EMPLOYMENT BENEFITS

Provident Fund dues amounting to Rs. 3,401.81/- (P.Y. Rs. 2,798.65/-) and Employee State Insurance dues of
Rs. 212.23/- (P.Y. Rs. 107.01/-) paid during the year being defined contributions have been charged to the
Statement of Profit and Loss .

The Company does not make payment towards unused leave entitlement to its own employees and any such
unused entitlement lapses at the end of each calendar year. However, in case of man-power suplly staff, if the
Customer at which such staff is placed approves payment of Leave Encashment, then the same is billed to that
customers and corresponding payment made to the respective employees upon receipt form the Customer.
Accordingly, a sum of Rs. NIL (p.y Rs. NIL/-) is debited to Profit and Loss Account towards such payments.

The Company has a defined benefit gratuity plan. Every employee who has completed five or more years of
service is eligible for gratuity @15 days salary (last drawn) for every completed year of service with a overall
ceiling of Rs. 20,00,000/-. Some of the eligible employees have completed five years of service as at the year
end whereas the rest have not completed five years of service yet the Company has worked out its gratuity
liability on the above basis in respect of all the employees working with the Company as at the end of the year.
The Company has availed the services of acturial valuation for working out its Gratuity Liabilities and provisions
towards the same are made as per the report of acturial valuation. Accordingly a sum of Rs. 3,683.76/- (P.Y.
Rs. 3,664.89/-) has been determined as gratuity obligation as at the year end and after adjusting various factors
including the actuarial gain or loss and benefits paid, the differentiaLamount of Rs. 1,507.16/- debited ( PY
credited Rs. 611.08 /- ) to the Statement of Profit and Loss.

45 RELATED PARTY TRANSACTIONS :

The Company has identified all the related parties having transactions during the year in line with Accounting
Standard 18. Details of the same are as under .

46 SEGMENT REPORTING :

1. Business Segment:

a) Business Segment has been considered as the Primary Reporting Segment

(b) The Company’s primary business segments are reflected based on principal business activities, the nature
of service, the differing risks and returns, the organization structure and the internal financial reporting system.

(c) The Company’s Primary Business generally comprised of Telecom Related Services. The Company
forayed into Civil Contracts which is a different business segment. During FY 2021-22, the Civil Contracts
segment met the criteria required for separate disclosure and during current year, the Recruitment Department
met the criteria required for separate disclosure as envisaged in Accounting Standard 17 ‘Segment Reporting’.
Accordingly, separate disclosures are being made for Segment Reporting as required by Accounting Standard
17 Segment Reporting along-with the corresponding figures of preceding year.

2. Geographical Segment:

The Company operates in one Geographical Segment namely “within India” in terms of location of Customers
and all its Assets. Hence no separate information for geographic segment wise disclosure is required.

49 CRYPTO CURRENCY / VIRTUAL CURRENCY

The Company has not traded or invested in Crypto Currency or Virtual Currency during the Financial Year

50 UNDISCLOSED INCOME :-

There are no transactions which are not recorded in books and have been surrendered or disclosed as income
during the year in Income Tax Assessments.

51 The various amounts disclosed in Notes to Financial Statements are rounded off to nearest thousands.

⁵² The figures in respect of previous year have been re-grouped / recast wherever necessary to confirm to the
current year''s classification.

For Naresh & Co. For & on behalf of the Board

Chartered Accountants For Accord Synergy Limited

(F.R.N. 106928W)

CA Abhijeet Dandekar Betulla Khan Roli Khan

Partner Managing Director Director

(M.R.N. 108377) DIN: 1914482 DIN:02243511

UDIN:25108377BMINGC4298

Rameshji Thakore Drashti A Gandhi

CFO Company Secretary

PAN: ACKPT1118N Mem. No.ACS:66531

Place: Vadodara Place: Vadodara

Datw : 29/05/2025 Datw : 29/05/2025_