6. Provisions and Contingent Liabilities
and Contingent Assets

A provision is recognised only when
there is a present legal or constructive
obligation as a result of a past event
that probably requires an outflow of
resources to settle the obligation and in
respect of which a reliable estimate can
be made. Provision is not discounted to
its present value and is determined
based on the best estimate required to
settle the obligation at the Balance
Sheet date. The amount recognised as a
provision is the best estimate of the
consideration required to settle the
present obligation at the reporting date,
taking into account the risks and
uncertainties surrounding the

obligation.

A disclosure for a contingent liability is
made when there is a possible
obligation or a present obligation that
may, but probably will not, require an
outflow of resources. When 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.

Provisions and Contingent Liabilities
and Contingent Assets are reviewed at
each Balance Sheet date. Contingent
Assets and related income are
recognised when there is virtual

certainty that inflow of economic benefit
will arise.

A provision for onerous contracts is
measured at the present value of the
lower of the expected cost of
terminating the contract and the
expected net cost of continuing with the
contract. Before a provision is

established, the Company recognises
any impairment loss on the assets
associated with that contract.

7. Revenue Recognition

Revenue is recognised to the extent that
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 is measured
at the fair value of the consideration received
or receivable, taking into account
contractually defined terms of payment and
excluding taxes or duties collected on behalf
of the government.

Sale of goods: Revenue from the sale of
goods is recognised when the significant risks
and rewards of ownership of the goods have
passed to the buyer, usually on delivery of the
goods. Revenue from the sale of goods is
measured at the fair value of the
consideration received or receivable, net of
returns and allowances, trade discounts and
volume rebates. Revenue is exclusive of tax
which is collected on behalf of government.

Profit/ (Loss) on derivatives : Profit/ (Loss) on
derivatives contracts on account of fair value
changes are recognised as either income or
expenses as the case may be in the profit and
loss statement.

8. Other Income

Interest income from a financial asset is
recognised when it is probable that the
economic benefits will flow to the Company
and the amount of income can be measured
reliably. Interest income is accrued on a time
basis, by reference to the principal
outstanding and at the effective interest rate
applicable.

Dividend income is recognised when the right
to receive the amount is established.

9. Employee benefits

a) Defined contribution plans

Provident Fund: Contribution towards
provident fund is made to the regulatory
authorities. Such benefits are classified as
Defined Contribution Schemes as the
Company does not carry any further
obligations, apart from the contributions
made on a monthly basis andare charged
as an expense based on the amount of
contribution required to be made and

when services are rendered by the
employees.

Employee State Insurance: Fixed

contributions towards contribution to
Employee State Insurance etc. are
considered as defined contribution plans
and are charged as an expense based on
the amount of contribution required to be
made and where services are rendered by
the employees.

b) Defined Benefit Plans

Gratuity: The Company provides for
gratuity, a defined benefit plan (the
"Gratuity Plan") covering eligible

employees in accordance with the Payment
of Gratuity Act, 1972 as amended. The
Gratuity Plan provides a lump sum
payment to vested employees at the time
of separation, retirement, death,
incapacitation or termination of
employment, of an amount based on the
respective employee''s salary and the
tenure of employment. For defined benefit
retirement benefit plans, the cost of
providing benefits is determined using the
projected unit credit method, with actuarial
valuations being carried out at the end of
each annual reporting period by an
independent Actuary. Remeasurement,
comprising actuarial gains and losses, the
effect of the changes to the asset ceiling (if
applicable) and the return on plan assets
(excluding net interest)(if applicable), is
reflected immediately in the balance sheet
with a charge or credit recognised in other
comprehensive income in the period in
which they occur. Remeasurement
recognised in other comprehensive income
is reflected immediately in retained
earnings and is not reclassified to profit or
loss. Past service cost is recognised in the
Statement of profit or loss in the period of
a plan amendment. Net interest is
calculated by applying the discount rate to
the net defined benefit liability or asset.

Defined benefit costs are categorised as
follows:

i. Service cost (including current service
cost, past service cost, as well as gains
and losses on curtailments and
settlements);

ii. Net interest expense or income; and

iii. Remeasurements

The Company presents the service costs in
profit or loss in the line item ''Employee
benefits expense''. Curtailment gains and
losses are accounted for as past service costs.

The retirement benefit obligation recognised
in the balance sheet represents the actual
deficit or surplus in the Company''s defined
benefit plans. Any surplus resulting from this
calculation is limited to the present value of
any economic benefits available in the form
of refunds from the plans or reductions in
future contributions to the plans.

A liability for a termination benefit is
recognised at the earlier of when the
Company can no longer withdraw the offer of
the termination benefit and when the
Company recognizes any related restructuring
costs.

c. Long Term Employee Benefits:

The Company accounts for its liability towards
compensated absences based on actuarial
valuation done as at the Balance Sheet date
by an independent actuary using the Projected
Unit Credit Method. The liability includes the
long-term component accounted on a
discounted basis and the short-term
component which is accounted for on an
undiscounted basis.

d. Short-term and other long-term employee
benefits:

A liability is recognised for benefits accruing
to employees in respect of wages and salaries
in the period the related service is rendered at
the undiscounted amount of the benefits
expected to be paid in exchange for that
service.

Liabilities recognised in respect of short-term
employee benefits are measured at the

undiscounted amount of the benefits expected
to be paid in exchange for the related service.

Liabilities in respect of other long-term
employee benefits are measured at the

present value of the estimated future cash
outflows expected to be made by the

Company in respect of services provided by
employees upto the reporting date.

10. Foreign currency transactions

Income and expenses in foreign currencies
are recorded at the exchange rate prevailing
on the date of the transaction. Monetary
assets and liabilities denominated in foreign
currencies are translated into the functional
currency at the exchange rate at the reporting
date. Non-monetary assets and liabilities that
are measured at fair value in a foreign
currency are translated into the functional
currency at the exchange rate when the fair
value was determined. Foreign currency
differences are recognised in the Statement of
Profit and Loss. Non-monetary items which
are carried in terms of historical cost
denominated in a foreign currency, are
reported using the exchange rate at the date
of the transaction.

11. Taxation

Income tax expense comprises current tax
expense and the net change in deferred taxes
recognised in the Statement of Profit and Loss,
except when they relate to items that are
recognised in other comprehensive income or
directly in equity, in which case, the current
and deferred tax are also recognised in other
comprehensive income or directly in equity
respectively.

a. Current tax

The tax currently payable is based on
the taxable profit for the year. Taxable
profit differs from net profit as reported
in profit or loss because it excludes
items of expense or income that are
taxable or deductible in other years and
it further excludes items that are never

taxable or deductible. The Company''s liability
for tax is calculated using tax rates enacted or
substantively enacted at the reporting date.
Current tax also includes any tax arising from
dividends.

Current tax assets and liabilities are offset
only if, the Company:

i. has a legally enforceable right to set off
the recognised amounts; and

ii. intends either to settle on a net basis, or
to realise the asset and settle the liability
simultaneously.

b. Deferred tax

Deferred tax is recognised in respect of
temporary differences between the carrying
amounts of assets and liabilities for financial
reporting purposes and the amounts used for
taxation purposes. Deferred tax is not
recognised for temporary differences on the
initial recognition of assets or liabilities in a
transaction that is not a business combination
and that affects neither accounting nor
taxable profit or loss.

Deferred tax assets are recognised for unused
tax losses, unused tax credits and deductible
temporary differences to the extent that it is
probable that future taxable profits will be
available against which they can be used.
Deferred tax assets are reviewed at each
reporting date and are reduced to the extent
that it is no longer probable that the related
tax benefit will be realised; such reductions
are reversed when the probability of future
taxable profits improves.

Unrecognised deferred tax assets are
reassessed at each reporting date and
recognised to the extent that it has become
probable that future taxable profits will be
available against which they can be used.

Deferred tax is measured at the tax rates that
are expected to be applied to temporary
differences when they reverse, using tax rates
enacted or substantively enacted at the
reporting date.

The measurement of deferred tax reflects the
tax consequences that would follow from the
manner in which the Company expects, at the
reporting date, to recover or settle the
carrying amount of its assets and liabilities.

Deferred tax assets and liabilities are offset
only if:

a) the Company has a legally enforceable
right to set off current tax assets against
current tax liabilities; and

b) the deferred tax assets and the deferred
tax liabilities relate to income taxes levied
by the same taxation authority on the
same taxable Company.

Deferred tax asset / liabilities in respect of
temporary differences which originate and
reverse during the tax holiday period are not
recognised. Deferred tax assets / liabilities in
respect of temporary differences that originate
during the tax holiday period but reverse after
the tax holiday period are recognised.
Deferred tax assets on unabsorbed tax losses
and tax depreciation are recognised only to
the extent that it is probable that taxable
profits will be available against which
deductible temporary differences can be
utilised. The tax effect is calculated on the
accumulated timing differences at the year-
end based on the tax rates and laws enacted
or substantially enacted on the balance sheet
date.

Current and deferred tax for the year:

Current and deferred tax are recognised in
profit or loss, except when they relate to items
that are recognised in other comprehensive
income or directly in equity, in which case, the
current and deferred tax are also recognised
in other comprehensive income or directly in
equity respectively. Where current tax or
deferred tax arises from the initial accounting
for business combination, the tax effect is
included in the accounting for the business
combination.

A new section 115BAA was inserted in the
Income Tax Act, 1961, by The Government of
India on September 20, 2019 vide the
Taxation Laws (Amendment) Ordinance 2019
which provides an option to companies for
paying income tax at reduced rates in
accordance with the provisions / conditions
defined in the said section. The provisions of
MAT are also not applicable upon exercising
this option. The Company has availed this
option.

Significant judgments are involved in
determining the provision for income taxes,
including amount expected to be
paid/recovered for uncertain tax positions.
The provision for taxation for the current year
has been determined by the Management
based on the tax position to be considered for
tax filing and its assessment of the probability
of acceptance of the same by the taxation
authorities.

12.Lease (Where the Company is the lessee)

The Company assesses whether a contract is
or contains a lease, at inception of the
contract. The Company recognises a right-of-
use asset and a corresponding lease liability
with respect to all lease agreements in which
it is the lessee, except for short term leases
(defined as leases with a lease term of 12
months or less) and leases of low value
assets. For these leases, the Company
recognises the lease payments as an
operating expense on a straight-line basis
over the term of the lease unless another
systematic basis is more representative of the
time pattern in which economic benefits from
the leased asset are consumed.

The lease liability is initially measured at the
present value of the lease payments that are
not paid at the commencement date,
discounted by using the rate implicit in the
lease. If this rate cannot be readily
determined, the Company uses its
incremental borrowing rate.

Lease payments included in the measurement

payments (less any lease incentives), variable
lease payments, penalties, etc.

The lease liability is presented as a separate
line in the Balance sheet.

The lease liability is subsequently measured
by increasing the carrying amount to reflect
interest on the lease liability (using the
effective interest method) and by reducing the
carrying amount to reflect the lease payments
made.

The Company remeasures the lease
liability (and makes a corresponding
adjustment to the related right-of-use
asset) whenever:

• the l ease term has changed or
change in circumstances resulting in
a change in the assessment of
exercise of a purchase option, in
which case the lease liability is
remeasured by discounting the
revised lease payments using a
revised discount rate.

• the lease payments change due to
changes in an index or rate or a
change in expected payment under a
guaranteed residual value, in which
cases the lease liability is measured
by discounting the revised lease
payments using the initial discount
rate (unless the lease payments
change is due to a change in a
floating interest rate, in which case a
revised discount rate is used).

• a lease contract is modified and the
lease modification is not accounted
for as a separate lease, in which case
the lease liability is remeasured by
discounting the revised lease
payments using a revised discount
rate at the effective date of the
combination.

The Company has made such
adjustments during the periods
presented.

The right-of-use assets comprise the initial
measurement of the corresponding lease
liability, lease payments made at or before the
commencement day and any initial direct
costs. They are subsequently measured at cost
less accumulated depreciation and
impairment losses.

Whenever the Company incurs an obligation
for costs to dismantle and remove a leased
asset, restore the site on which it is located or
restore the underlying asset to the condition
required by the terms and conditions of the
lease, a provision is recognised and
measured under Ind AS 37. The costs are
included in the related right-of-use asset,
unless those costs are incurred to produce
inventories.

Right-of-use assets are depreciated over the
shorter period of lease term and useful life of
the underlying asset.

The right-of-use assets are presented as a
separate line in Balance sheet. The Company
applies Ind AS 36 Impairment of Assets to
determine whether a right-of-use asset is
impaired.

1 3.Earnings per share

Basic earnings per share is computed by
dividing the profit / (loss) after tax (including
the post-tax effect of extraordinary items, if
any) by the weighted average number of
equity shares outstanding during the year.

Diluted earnings per share is computed by
dividing the profit/ (loss) after tax (including
the post-tax effect of extraordinary items, if
any) as adjusted for dividend, interest and
other charges to expense or income relating
to the dilutive potential equity shares, by the
weighted average number of equity shares
considered for deriving basic earnings per
share and the weighted average number of
equity shares which could have been issued
on the conversion of all dilutive potential
equity shares. Potential equity shares are
deemed to be dilutive only if their conversion
to equity shares would decrease the net profit

per share from continuing ordinary
operations. Potential dilutive equity shares are
deemed to be converted as at the beginning
of the period, unless they have been issued at
a later date. The dilutive potential equity
shares are adjusted for the proceeds
receivable had the shares been actually
issued at fair value (i.e. average market value
of the outstanding shares). Dilutive potential
equity shares are determined independently
for each period presented. The number of
equity shares and potentially dilutive equity
shares are adjusted for share splits / reverse
share splits and bonus shares, as
appropriate.

14.Segment Reporting

Operating segments reflect the Company''s
management structure and the way the
financial information is regularly reviewed by
the Company''s Chief Operating Decision
Maker (CODM) who is the Chief Executive
Officer of the Company. The CODM
considers the business from both business
and product perspective based on the
dominant source, nature of risks and returns
and the internal organisation and
management structure. The operating
segments are the segments for which separate
financial information is available and for
which operating profit / (loss) accounts are
evaluated regularly by the executive
Management in deciding how to allocate
resources and in assessing performance.

The accounting policies adopted for segment
reporting are in line with the accounting
policies of the Company. Segment revenue,
segment expenses, segment assets and
segment liabilities have been identified to
segments on the basis of their relationship to
the operating activities of the segment.

Inter-segment revenue, where applicable, is
accounted on the basis of transactions which
are primarily determined based on market /
fair value factors. Revenue, expenses, assets
and liabilities which relate to the Company as
a whole and are not allocable to segments on
reasonable basis have been included under

unallocated revenue / expenses / assets /
liabilities.

Changes are made to the segment reporting,
wherever necessary, based on the change in
the business model duly considering the
above factors.

15.Impairment of non-financial assets

The Company assesses at each reporting
dates as to whether there is any indication
that any Property, Plant and Equipment or
Other Intangible assets or Investment Property
or other class of an asset or Cash Generating
Unit (''CGU'') may be impaired. If any such
indication exists, the recoverable amount of
the assets or CGU is estimated to determine
the extent of impairment, if any. When it is not
possible to estimate the recoverable amount
of an individual asset, the Company estimates
the recoverable amount of the CGIJ to which
the asset belongs.

An impairment loss is recognized in the
Statement of the Profit and Loss to the extent,
asset''s carrying amount exceeds its
recoverable amount. The recoverable amount
is higher of an asset''s fair value less cost of
disposal and value in use. Value in use is
based on the estimated future cash flows,
discounted to their present value using pre-tax
discount rate that reflects current market
assessments of the time value of money and
risk specific to the assets. The impairment loss
recognised in prior accounting period is
reversed if there has been a change in the
estimate of recoverable amount.

1 6.Events after reporting date

Where events occurring after the balance
sheet date till the date when the financial
statements are approved by the Board of
Directors of the Company, provide evidence
of conditions that existed at the end of the
reporting period, the impact of such events is
adjusted within the financial statements.
Otherwise, events after the reporting balance
sheet date of material size or nature are only
disclosed.

1 7.Non-Current Assets held for Sale

Non-Current Assets classified as held for sale
are measured at the lower of the carrying
amount and fair value less cost of disposal.
Non-current assets are classified as held for
sale if their carrying amount will be recovered
through a sale transaction rather than
through continuing use. This condition is
regarded as met only when the sale is highly
probable, and the asset is available for
immediate sale in its present condition.
Management must be committed to the sale
which should be expected to qualify as a
completed for recognition as a completed
sale within one year from the date of
classification.

1 8.Statement of Cash Flows

Cash flows are reported using the indirect
method, whereby profit / (loss) before
extraordinary items and tax is adjusted for the
effects of transactions of non-cash nature and
any deferrals or accruals of past or future
cash receipts or payments. The cash flows
from operating, investing and financing
activities of the Company are segregated
based on the available information.

19. Estimation uncertainty relating to the
global health pandemic

The outbreak of Corona virus (COVID-19)
pandemic globally and in India is causing
significant disturbance and slowdown of
economic activity. In assessing the
recoverability of Company''s Financial Assets
and Non-Financial Assets, the Company has
considered internal and external information.
The Company has evaluated impact of this
pandemic on its business operations and
based on its review and current indicators of
future economic conditions, there is no
significant impact on its financial statements
and the Company expects to recover the
carrying amount of all its assets.

20. Goods and Service Tax Input Credit

Goods and Service Input Credit is accounted
for in the books during the period in which
the underlying service received is accounted
and where there is no uncertainty in
availing/utilizing the same.

21. Related party transactions

Related party transactions are accounted for
based on terms and conditions of the
agreement / arrangement with the respective
related parties. These related party
transactions are determined on an arms-
length basis and are accounted for in the year
in which such transactions occur and
adjustments if any, to the amounts accounted
are recognised in the year of final
determination.

There are common costs incurred by the
Holding Company / Other Group Companies
on behalf of various entities in the group
including the Company. The cost of such
common costs are allocated among
beneficiaries on appropriate basis and
accounted to the extent debited separately by
the said related parties.

22. Earnings before interest and depreciation
and amortisation ("EBITDA")

The Company presents EBITDA in the
Statement of Profit and Loss; this is not
specifically required by Ind AS 1. The term
EBITDA is not defined in Ind AS. Ind AS
compliant Schedule Ill allows line items, sub¬
line items and sub-totals to be presented as
an addition or substitution on the face of the
Ind AS Financial Statements when such
presentation is relevant to an understanding
of the Company''s financial position or
performance or to cater to industry/sector-
specific disclosure requirements or when
required for compliance with the amendments
to the Companies Act or under the Indian
Accounting Standards.

Measurement of EBITDA:

Accordingly, the Company has elected to
present earnings before interest, tax,
depreciation and amortisation (EBITDA)
before exceptional items as a separate line
item on the face of the Statement of Profit and
Loss. The Company measures EBITDA before
exceptional items on the basis of profit/(loss)
from continuing operations including other
income. In its measurement, the Company

does not include exceptional items,
depreciation and amortisation expense,
finance costs, and tax expense.

23.Recent Accounting Pronouncements

Ministry of Corporate Affairs("MCA") notifies
new standards or amendment to the existing
standards under Companies (Indian
Accounting Standards) Rules as issued from
time to time.

For the year ended 31 March 2026, MCA has
not notified any new standards or
amendments to the existing standards
applicable to the Company.

C. Rights, Preferences and Restrictions of share holder

The company has only single class of equity shares. Each shareholder is eligible for one vote per share. one class of equity share have
been issued having a par value of Rs.10/- each. The company declares and pays dividend if any, in Indian Rupee. The dividend
proposed if any, by the board of Directors is subject to the approval of the share holders at the ensuing Annual General meeting except
in case of interim dividend. In the event of liquidation of the company, the holder of equity shares will be entiled to receive any of
remaining assets of the company after distribution of preferential amount. The distribution will be in proportion to the number of equity
shares held by the share holders.

There is no impairment loss on property, plant and equipment assets on the basis of review carried out by the management.
Company carries out physical verification of its Property, Plant and Equipment at regular interval.

Note 33: Inventory

The inventory comprising of Traded goods is physically verified by the management at regular intervals and as at the end of the
year. Company obtains written confirmations in respect of stock lying with third parties, if any, as at the year end .The quantity
and valuation of inventory at the year end has been certified by the management.

Note 34: Trade Receivable

Loan and Advances, Trade receivables and Other Receivables are subject to confirmation and reconciliaton.

D. Financial risk management

Risk management framework

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management
framework. The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set
appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed
regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management
standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their
roles and obligations.

The Company has exposure to the following risks arising from financial instruments:

1. Credit risk

2. Liquidity risk

3. Market risk and

4. Interest rate risk

1. Credit risk

Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due to the Company
causing financial loss. It arises from cash and cash equivalents, deposits with banks and financial institutions, security deposits, loans given
and principally from credit exposures to customers relating to outstanding receivables. The Company''s maximum exposure to credit risk is
limited to the carrying amount of financial assets recognised at reporting date. The Company continuously monitors defaults of customers
and other counterparties, identified either individually or by the Company, and incorporates this information into its credit risk controls.
Where available at reasonable cost, external credit ratings and/or reports on customers and other counterparties are obtained and used.
The Company''s policy is to deal only with creditworthy counterparties.

In respect of trade and other receivables, the Company is not exposed to any significant credit risk exposure to any single counterparty or
any company of counterparties having similar characteristics. Trade receivables consist of a large number of customers in various
geographical areas. The Company has no history of customer default, and considers the credit quality of trade receivables that are not past
due or impaired to be good. The credit risk for cash and cash equivalents, mutual funds, bank deposits, loans and derivative financial
instruments is considered negligible, since the counterparties are reputable organisations with high quality external credit ratings. Company
provides for expected credit losses on financial assets by assessing individual financial instruments for expectation of any credit losses.
Since the assets have very low credit risk, and are for varied natures and purpose, there is no trend that the company can draws to apply
consistently to entire population. For such financial assets, the Company''s policy is to provide for 12 month expected credit losses upon
initial recognition and provides for lifetime expected credit losses upon significant increase in credit risk. The Company does not have any
expected loss based impairment recognised on such assets considering their low credit risk nature, though incurred loss provisions, if any,
are disclosed under each sub-category of such financial assets.

2. Liquidity risk

Liquidity Risk is defined as the risk that the Company will not be able to settle or meets its obligations on time at a reasonable price In
addition; processes and policies related to such risks are overseen by senior management. Management monitors the Company''s net
liquidity through rolling forecasts of expected cash flows.

Exposure to liquidity risk

The table below is an analysis of Company''s financial liabilities based on their remaining contractual maturities of financial liabilities at the
reporting date.

3. Market risk

Changes in market prices which will affect the Company''s income or the value of its holdings of financial instruments is considered as
market risk. It is attributable to all market risk sensitive financial instruments.

4. 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. In order to optimize the Company''s position with regards to interest income and interest expenses and to manage the
interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate and
floating rate financial instruments in its total portfolio.

Note: 37 Capital Management

The primary objective of the Group''s capital management is to maximize the shareholders'' interest, safeguard its ability to continue as a
going concern and reduce its cost of capital. Company is focused on keeping strong total equity base to ensure independence, security as
well as high financial flexibility for potential future borrowings required if any. Company''s capital for capital management includes debt and
total equity . As at March 31, 2026 and March 31, 2025 total capital is Rs 1,07,88.85,772/- and Rs 72,21,62,671/- respectively. No
changes were made in the objectives, policies or processes for managing capital during the year ended March 31,2026, March 31,2025.

The Primary Reporting of the Company has been made on the basis of business segments. The Company operates in a reportable operating
segment with 2 units like Sales of product (Hardware) and Softwares & Services. Accordingly, the amounts appearing in the financial
statements relate to this operating segment. Hence there are separate reportable segments in accordance with Ind AS 108 ''Operating
Segments''. The Managing Director & Director of the Company, has been identified as the chief operating decision maker (CODM). The
CODM evaluates the Company''s performance, allocates resources based on analysis of the various performance indicators of the
Company as a single unit. There is only one Geographical Segments (based on geographical location of its customers) i.e. India

During the current period and previous year the Company has not traded or invested in Crypto / Virtual Currency.

Note 41: Undisclosed Income:

There are no transactions which are not recorded in the books of accounts that has been surrendered or disclosed as income during the
year in the tax assessments under the Income Tax Act, 1961.

Note 42: Utilisation of Borrowed funds and Securities Premium :

a. The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kinds of
funds) to any other persons or entities, including foreign entities (Intermediaries) with the understanding (whether recorded in writing or
otherwise) that the Intermediary 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 Beneficiaries), or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

b. The Company has not received any fund from any person or entities, including foreign entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) 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
Funding Party (Ultimate Beneficiaries), or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

The provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and Companies Act has been complied with for the
transactions of the Company during the year and the transactions are not violative of the Prevention of Money-Laundering act, 2002 (15 of
2003).

Note 43: Additional Disclosures

(i) Title deeds of Immovable Properties not held in name of the Company:

The company does not hold any immovable properties (other than properties where the company is the lessee and the lease agreements
are duly executed in favour of the lessee) whose title deeds are not in the name of the company.

(ii) Loans or Advances:

The company has not granted Loans or Advances except as disclose in note 9, in the nature of loans to promoters, directors, KMPs and the
related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are:

(a) repayable on demand; or

(b) without specifying any terms or period of repayment.

(iii) Intangible Assets under Development:

No assets have been classifed as intangible assets under development.

(iv) Details of Benami Property held:

No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(v) Relationship with Struck off Companies:

The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act 1956.

(vi) Registration of charges or satisfaction with Registrar of Companies (ROC):

The company does not have any charges or satisfaction yet to be registered with ROC beyond the statutory period.

(vii) Compliance with number of layers of companies:

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies
(Restriction on number of Layers) Rules, 2017.

Note 44: Financial instruments - Capital Management
Capital management

For the purpose of the capital management, capital includes issued equity capital, securities premium and all other equity reserves
attributable to the equity holders of the company. The primary objective of the Company''s capital management is to maximise the
shareholder value.

The Group manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the
financial covenants. To maintain or adjust the capital structure, the Company may adjust to return capital to shareholders or issue new
shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes
within net debt, interest bearing loans and borrowings, less cash and cash equivalents, excluding discontinued operations.

Charge created in favour of the charge holder (SBI) & (HSBC) on 31/12/2024 of Rs 6000 Lakhs over certain assets of the company.

The charged asset shall mean and include: the whole of cash, cash equivalent, inventory, prepaid expenses, other liquid assets, book
debts, bills, whether documentary or clean, office premises and all other assets each recognised as current assets under the applicable
law and accounting norms both present and future, whether in possession or under the control of the Borrower or not, but including Fixed
Deposits.

6. Provisions and Contingent
Liabilities and Contingent Assets

A provision is recognised only
when there is a present legal or
constructive obligation as a result
of a past event that probably
requires an outflow of resources to
settle the obligation and in respect
of which a reliable estimate can be
made. Provision is not discounted
to its present value and is
determined based on the best
estimate required to settle the
obligation at the Balance Sheet
date. The amount recognised as a
provision is the best estimate of the
consideration required to settle the
present obligation at the reporting
date, taking into account the risks
and uncertainties surrounding the
obligation.

A disclosure for a contingent
liability is made when there is a
possible obligation or a present
obligation that may, but probably
will not, require an outflow of
resources. When 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.

Provisions and Contingent
Liabilities and Contingent Assets
are reviewed at each Balance
Sheet date. Contingent Assets and
related income are recognised
when there is virtual certainty that
inflow of economic benefit will
arise.

A provision for onerous contracts is
measured at the present value of
the lower of the expected cost of
terminating the contract and the
expected net cost of continuing
with the contract. Before a
provision is established, the
Company recognises any

impairment loss on the assets
associated with that contract.

7. Revenue Recognition

Revenue recognition is based on
the delivery of performance
obligations and an assessment of
when control is transferred to the
customer at an amount that
reflects the consideration to which
the Company expects to be entitled
in exchange for those goods or
services.

Income from services rendered is
recognised based on

agreements/arrangements with the
customers as the service is
performed and there are no
unfulfilled obligations.

The transaction price, being the
amount to which the Company
expects to be entitled and has
rights to under the contract is
allocated to the identified
performance obligations. The
transaction price will also include
an estimate of any variable
consideration based on the
achievement of agreed targets.
Variable consideration is not
recognised until the performance
obligations are met. Revenue is

stated exclusive of Goods and
Service tax and other taxes, which
are subsequently remitted to the
government authorities.

8. Other Income

Interest income from a financial

asset is recognised when it is
probable that the economic

benefits will flow to the Company
and the amount of income can be
measured reliably. Interest income
is accrued on a time basis, by
reference to the principal

outstanding and at the effective
interest rate applicable.

9. Employee benefits

a. Defined contribution plans

Provident Fund: Contribution

towards provident fund is made to
the regulatory authorities. Such
benefits are classified as Defined
Contribution Schemes as the
Company does not carry any
further obligations, apart from the
contributions made on a monthly
basis and are charged as an
expense based on the amount of
contribution required to be made
and when services are rendered by
the employees.

Employee State Insurance: Fixed
contributions towards contribution
to Employee State Insurance etc.

are considered as defined
contribution plans and are charged
as an expense based on the
amount of contribution required to
be made and where services are
rendered by the employees.

b. Defined Benefit Plans

Gratuity: The Company provides
for gratuity, a defined benefit plan
(the "Gratuity Plan") covering
eligible employees in accordance
with the Payment of Gratuity Act,
1 972 as amended. The Gratuity
Plan provides a lump sum payment
to vested employees at the time of
separation, retirement, death,
incapacitation or termination of
employment, of an amount based
on the respective employee''s salary
and the tenure of employment. For
defined benefit retirement benefit
plans, the cost of providing
benefits is determined using the
projected unit credit method, with
actuarial valuations being carried
out at the end of each annual
reporting period by an independent
Actuary. Remeasurement,

comprising actuarial gains and
losses, the effect of the changes to
the asset ceiling (if applicable) and
the return on plan assets
(excluding net interest)(if

applicable), is reflected

immediately in the balance sheet
with a charge or credit recognised
in other comprehensive income in
the period in which they occur.
Remeasurement recognised in
other comprehensive income is
reflected immediately in retained
earnings and is not reclassified to
profit or loss. Past service cost is
recognised in the Statement of
profit or loss in the period of a
plan amendment. Net interest is
calculated by applying the discount
rate to the net defined benefit
liability or asset.

Defined benefit costs are categorised
as follows:

i. Service cost (including current
service cost, past service cost, as
well as gains and losses on
curtailments and settlements);

ii. Net interest expense or income;
and

iii. Remeasurements

The Company presents the service
costs in profit or loss in the line item
''Employee benefits expense''.

Curtailment gains and losses are
accounted for as past service costs.

The retirement benefit obligation
recognised in the balance sheet
represents the actual deficit or surplus
in the Company''s defined benefit
plans. Any surplus resulting from this
calculation is limited to the present
value of any economic benefits
available in the form of refunds from
the plans or reductions in future
contributions to the plans.

A liability for a termination benefit is
recognised at the earlier of when the
Company can no longer withdraw the
offer of the termination benefit and
when the Company recognises any
related restructuring costs.

c. Long Term Employee Benefits:

The Company accounts for its
liability towards compensated
absences based on actuarial
valuation done as at the Balance
Sheet date by an independent
actuary using the Projected Unit
Credit Method. The liability
includes the long-term component
accounted on a discounted basis
and the short-term component
which is accounted for on an
undiscounted basis.

d. Short-term and other long-term
employee benefits:

A liability is recognised for benefits
accruing to employees in respect of
wages and salaries in the period
the related service is rendered at
the undiscounted amount of the
benefits expected to be paid in
exchange for that service.

Liabilities recognised in respect of
short-term employee benefits are
measured at the undiscounted
amount of the benefits expected to
be paid in exchange for the related
service.

Liabilities in respect of other long¬
term employee benefits are
measured at the present value of
the estimated future cash outflows
expected to be made by the
Company in respect of services
provided by employees upto the
reporting date.

10.Foreign currency transactions

Income and expenses in foreign
currencies are recorded at the
exchange rate prevailing on the
date of the transaction. Monetary
assets and liabilities denominated
in foreign currencies are
translated into the functional
currency at the exchange rate at
the reporting date. Non-monetary
assets and liabilities that are
measured at fair value in a foreign
currency are translated into the
functional currency at the
exchange rate when the fair value
was determined. Foreign currency
differences are recognised in the
Statement of Profit and Loss. Non¬
monetary items which are carried
in terms of historical cost
denominated in a foreign
currency, are reported using the
exchange rate at the date of the
transaction.

11.Taxation

Income tax expense comprises
current tax expense and the net
change in deferred taxes
recognised in the Statement of
Profit and Loss, except when they
relate to items that are recognised
in other comprehensive income or
directly in equity, in which case,
the current and deferred tax are
also recognised in other
comprehensive income or directly
in equity respectively.

a. Current tax

The tax currently payable is based
on the taxable profit for the year.
Taxable profit differs from net
profit as reported in profit or loss
because it excludes items of
expense or income that are taxable
or deductible in other years and it
further excludes items that are
never taxable or deductible. The
Company''s liability for tax is
calculated using tax rates enacted
or substantively enacted at the
reporting date. Current tax also
includes any tax arising from
dividends.

Current tax assets and liabilities
are offset only if, the Company:

i. has a legally enforceable right
to set off the recognised
amounts; and

ii. intends either to settle on a net

basis, or to realise the asset

and settle the liability

simultaneously.

b. Deferred tax

Deferred tax is recognised in
respect of temporary differences
between the carrying amounts of
assets and liabilities for financial
reporting purposes and the
amounts used for taxation

purposes. Deferred tax is not

recognised for temporary

differences on the initial
recognition of assets or liabilities
in a transaction that is not a
business combination and that
affects neither accounting nor
taxable profit or loss.liability or
asset.

Deferred tax assets are recognised
for unused tax losses, unused tax
credits and deductible temporary
differences to the extent that it is
probable that future taxable profits
will be available against which they
can be used. Deferred tax assets
are reviewed at each reporting
date and are reduced to the extent
that it is no longer probable that
the related tax benefit will be
realised; such reductions are
reversed when the probability of
future taxable profits improves.

Unrecognised deferred tax assets
are reassessed at each reporting
date and recognised to the extent
that it has become probable that
future taxable profits will be
available against which they can
be used.

Deferred tax is measured at the tax
rates that are expected to be
applied to temporary differences
when they reverse, using tax rates
enacted or substantively enacted at
the reporting date.

The measurement of deferred tax
reflects the tax consequences that
would follow from the manner in
which the Company expects, at the
reporting date, to recover or settle
the carrying amount of its assets
and liabilities.

Deferred tax assets and liabilities
are offset only if:

a. the Company has a legally
enforceable right to set off current
tax assets against current tax
liabilities; and

b. the deferred tax assets and the
deferred tax liabilities relate to
income taxes levied by the same
taxation authority on the same
taxable Company.

Deferred tax asset / liabilities in
respect of temporary differences
which originate and reverse during
the tax holiday period are not
recognised. Deferred tax assets /
liabilities in respect of temporary
differences that originate during the
tax holiday period but reverse after
the tax holiday period are
recognised. Deferred tax assets on
unabsorbed tax losses and tax
depreciation are recognised only to
the extent that it is probable that
taxable profits will be available
against which deductible temporary
differences can be utilised. The tax
effect is calculated on the
accumulated timing differences at
the year-end based on the tax rates
and laws enacted or substantially
enacted on the balance sheet date.

Current and deferred tax for the
year:

Current and deferred tax are
recognised in profit or loss, except
when they relate to items that are
recognised in other comprehensive
income or directly in equity, in
which case, the current and
deferred tax are also recognised in
other comprehensive income or
directly in equity respectively.
Where current tax or deferred tax
arises from the initial accounting
for business combination, the tax
effect is included in the accounting
for the business combination.

A new section 1 1 5BAA was inserted
in the Income Tax Act, 1961 , by The
Government of India on September
20, 2019 vide the Taxation Laws
(Amendment) Ordinance 201 9
which provides an option to
companies for paying income tax at
reduced rates in accordance with
the provisions / conditions defined
in the said section. The provisions
of M AT a r e a l s o n o t a p p l ic a b l e
upon exercising this option. The
Company has availed this option.

Significant judgments are involved
in determining the provision for
income taxes, including amount
expected to be paid/recovered for
uncertain tax positions. The
provision for taxation for the
current year has been determined
by the Management based on the
tax position to be considered for tax
filing and its assessment of the
probability of acceptance of the
same by the taxation authorities.

12.Lease (Where the Company is the
lessee)

The Company assesses whether a
contract is or contains a lease, at
inception of the contract. The
Company recognises a right-of-use
asset and a corresponding lease
liability with respect to all lease
agreements in which it is the
lessee, except for short term leases
(defined as leases with a lease
term of 12 months or less) and
leases of low value assets. For
these leases, the Company
recognises the lease payments as
an operating expense on a
straight-line basis over the term of
the lease unless another systematic
basis is more representative of the
time pattern in which economic
benefits from the leased asset are
consumed.

The lease liability is initially
measured at the present value of
the lease payments that are not
paid at the commencement date,
discounted by using the rate
implicit in the lease. If this rate
cannot be readily determined, the
Company uses its incremental
borrowing rate.

Lease payments included in the
measurement of the lease liability
comprise of fixed lease payments
(less any lease incentives),
variable lease payments,

penalties, etc.

The lease liability is presented as
a separate line in the Balance
sheet.

The lease liability is subsequently
measured by increasing the
carrying amount to reflect interest
on the lease liability (using the
effective interest method) and by
reducing the carrying amount to
reflect the lease payments made.

The Company remeasures the
lease liability (and makes a
corresponding adjustment to the
related right-of-use asset)
whenever:

-the lease term has changed or
change in circumstances resulting
in a change in the assessment of
exercise of a purchase option, in
which case the lease liability is
remeasured by discounting the
revised lease payments using a
revised discount rate.

-the lease payments change due to
changes in an index or rate or a
change in expected payment under
a guaranteed residual value, in
which cases the lease liability is
measured by discounting the

revised lease payments using the
initial discount rate (unless the
lease payments change is due to a
change in a floating interest rate,
in which case a revised discount
rate is used).

-a lease contract is modified and
the lease modification is not
accounted for as a separate lease,
in which case the lease liability is
remeasured by discounting the
revised lease payments using a
revised discount rate at the
effective date of the combination.

The Company has made such
adjustments during the periods
presented.

The right-of-use assets comprise
the initial measurement of the
corresponding lease liability, lease
payments made at or before the
commencement day and any initial
direct costs. They are subsequently
measured at cost less accumulated
depreciation and impairment
losses.

Whenever the Company incurs an
obligation for costs to dismantle
and remove a leased asset, restore
the site on which it is located or
restore the underlying asset to the
condition required by the terms
and conditions of the lease, a
provision is recognised and
measured under Ind AS 37. The
costs are included in the related
right-of-use asset, unless those
costs are incurred to produce
inventories.

Right-of-use assets are

depreciated over the shorter
period of lease term and useful
life of the underlying asset.

The right-of-use assets are
presented as a separate line in
Balance sheet. The Company
applies Ind AS 36 Impairment of
Assets to determine whether a right-
of-use asset is impaired.

13.Earnings per share

Basic earnings per share is
computed by dividing the profit /
(loss) after tax (including the post¬
tax effect of extraordinary items, if
any) by the weighted average
number of equity shares
outstanding during the year.

Diluted earnings per share is
computed by dividing the profit/
(loss) after tax (including the post¬
tax effect of extraordinary items, if
any) as adjusted for dividend,
interest and other charges to
expense or income relating to the
dilutive potential equity shares, by
the weighted average number of
equity shares considered for
deriving basic earnings per share
and the weighted average number
of equity shares which could have
been issued on the conversion of
all dilutive potential equity shares.
Potential equity shares are deemed
to be dilutive only if their
conversion to equity shares would
decrease the net profit per share
from continuing ordinary

operations. Potential dilutive equity
shares are deemed to be converted
as at the beginning of the period,
unless they have been issued at a
later date. The dilutive potential
equity shares are adjusted for the
proceeds receivable had the shares
been actually issued at fair value
(i.e. average market value of the
outstanding shares). Dilutive
potential equity shares are
determined independently for each
period presented. The number of

equity shares and potentially
dilutive equity shares are adjusted
for share splits / reverse share
splits and bonus shares, as
appropriate.

14.Segment Reporting

Operating segments reflect the
Company''s management structure
and the way the financial
information is regularly reviewed
by the Company''s Chief Operating
Decision Maker (CODM) who is the
Managing Director of the
Company. The CODM considers
the business from both business
and product perspective based on
the dominant source, nature of
risks and returns and the internal
organisation and management
structure. The operating segments
are the segments for which
separate financial information is
available and for which operating
profit / (loss) accounts are
evaluated regularly by the

executive Management in deciding
how to allocate resources and in
assessing performance.

The accounting policies adopted
for segment reporting are in line

with the accounting policies of the
Company. Segment revenue,

segment expenses, segment assets
and segment liabilities have been
identified to segments on the basis
of their relationship to the

operating activities of the segment.

Inter-segment revenue, where
applicable, is accounted on the
basis of transactions which are
primarily determined based on
market / fair value factors.
Revenue, expenses, assets and
liabilities which relate to the
Company as a whole and are not

allocable to segments on
reasonable basis have been
included under unallocated
revenue / expenses / assets /
liabilities.

Changes are made to the segment
reporting, wherever necessary,
based on the change in the
business model duly considering
the above factors.

15.Impairment of non-financial
assets

The Company assesses at each
reporting dates as to whether
there is any indication that any
Property, Plant and Equipment or
Other Intangible assets or
Investment Property or other class
of an asset or Cash Generating
Unit (''CGU'') may be impaired. If
any such indication exists, the
recoverable amount of the assets
or CGU is estimated to determine
the extent of impairment, if any.
When it is not possible to estimate
the recoverable amount of an
individual asset, the Company
estimates the recoverable amount
of the CGIJ to which the asset
belongs.

An impairment loss is recognized
in the Statement of the Profit and
Loss to the extent, asset''s carrying
amount exceeds its recoverable
amount. The recoverable amount
is higher of an asset''s fair value
l es s co s t of d i s p o s a l a n d va l u e in
use. Va l u e in u s e is b a s ed on th e
estimated future cash flows,
discounted to their present value
using pre-tax discount rate that
reflects current market

assessments of the time value of
money and risk specific to the
assets. The impairment loss
recognised in prior accounting

period is reversed if there has
been a change in the estimate of
recoverable amount.

16. Events after reporting date

Where events occurring after the
balance sheet date till the date
when the financial statements are
approved by the Board of
Directors of the Company, provide
evidence of conditions that existed
at the end of the reporting period,
the impact of such events is
adjusted within the financial
statements. Otherwise, events after
the reporting balance sheet date
of material size or nature are only
disclosed.

17. Non-Current Assets held for Sale

Non-Current Assets classified as
held for sale are measured at the
lower of the carrying amount and
fair value less cost of disposal.
Non-current assets are classified
as held for sale if their carrying
amount will be recovered through
a sale transaction rather than
through continuing use. This
condition is regarded as met only
when the sale is highly probable,
and the asset is available for
immediate sale in its present
condition. Management must be
committed to the sale which
should be expected to qualify as a
completed for recognition as a
completed sale within one year
from the date of classification.

18.Statement of Cash Flows

Cash flows are reported using the
indirect method, whereby profit /
(loss) before extraordinary items
and tax is adjusted for the effects
of transactions of non-cash nature
and any deferrals or accruals of
past or future cash receipts or

payments. The cash flows from
operating, investing and financing
activities of the Company are
segregated based on the available
information.

19. Goods and Service Tax Input
Credit

Goods and Service Input Credit is
accounted for in the books during
the period in which the underlying
service received is accounted and
where there is no uncertainty in
availing/utilizing the same.

20. Related party transactions

Related party transactions are
accounted for based on terms and
conditions of the agreement /
arrangement with the respective
related parties. These related party
transactions are determined on an
arms-length basis and are
accounted for in the year in which
such transactions occur and
adjustments if any, to the amounts
accounted are recognised in the
year of final determination.

There are common costs incurred
by the Holding Company / Other
Group Companies on behalf of
various entities in the group
including the Company. The cost of
such common costs are allocated
among beneficiaries on

appropriate basis and accounted
to the extent debited separately by
the said related parties.

21. Earnings before interest and
depreciation and amortisation
("EBITDA")

The Company presents EBITDA in
the Statement of Profit and Loss;
this is not specifically required by
Ind AS 1. The term EBITDA is not
defined in Ind AS. Ind AS compliant

Schedule Ill allows line items, sub¬
line items and sub-totals to be
presented as an addition or
substitution on the face of the Ind
AS Financial Statements when such
presentation is relevant to an
understanding of the Company''s
financial position or performance
or to cater to industry/sector-
specific disclosure requirements or
when required for compliance with
the amendments to the Companies
Act or under the Indian Accounting
Standards.

Measurement of EBITDA:
Accordingly, the Company has
elected to present earnings before
interest, tax, depreciation and
amortisation (EBITDA) before
exceptional items as a separate
line item on the face of the
Statement of Profit and Loss. The
Company measures EBITDA before
exceptional items on the basis of
profit/(loss) from continuing
operations including other income.
In its measurement, the Company
does not include exceptional items,
depreciation and amortisation
expense, finance costs, and tax
expense.

22.Recent Accounting

Pronouncements

Ministry of Corporate

Affairs("MCA") notifies new
standards or amendment to the
existing standards under

Companies (Indian Accounting
Standards) Rules as issued from
time to time.

For the year ended 31 March
2025, MCA has not notified any
new standards or amendments to
the existing standards applicable to
the Company.

Financial instruments measured at FVTPL / FVOCI :

All assets and liabilities for which the fair value is measured or disclosed in the financial statements are categorised within the fair value
hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 - Inputs are quoted (unadjusted) market prices in active markets for identical assets or liabilities that the entity can access at the
measurement date.

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement are (other than quoted
prices) included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.

D. Financial risk management

Risk management framework

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management
framework. The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set
appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed
regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management
standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their
roles and obligations.

The Company has exposure to the following risks arising from financial instruments:

1. Credit risk

2. Liquidity risk

3. Market risk and

4. Interest rate risk

1. Credit risk

Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due to the Company
causing financial loss. It arises from cash and cash equivalents, deposits with banks and financial institutions, security deposits, loans
given and principally from credit exposures to customers relating to outstanding receivables. The Company''s maximum exposure to credit
risk is limited to the carrying amount of financial assets recognised at reporting date. The Company continuously monitors defaults of
customers and other counterparties, identified either individually or by the Company, and incorporates this information into its credit risk
controls. Where available at reasonable cost, external credit ratings and/or reports on customers and other counterparties are obtained
and used. The Company''s policy is to deal only with creditworthy counterparties.

In respect of trade and other receivables, the Company is not exposed to any significant credit risk exposure to any single counterparty or
any company of counterparties having similar characteristics. Trade receivables consist of a large number of customers in various
geographical areas. The Company has no history of customer default, and considers the credit quality of trade receivables that are not
past due or impaired to be good. The credit risk for cash and cash equivalents, mutual funds, bank deposits, loans and derivative financial
instruments is considered negligible, since the counterparties are reputable organisations with high quality external credit ratings.
Company provides for expected credit losses on financial assets by assessing individual financial instruments for expectation of any
credit losses. Since the assets have very low credit risk, and are for varied natures and purpose, there is no trend that the company can
draws to apply consistently to entire population. For such financial assets, the Company''s policy is to provide for 12 month expected
credit losses upon initial recognition and provides for lifetime expected credit losses upon significant increase in credit risk. The Company
does not have any expected loss based impairment recognised on such assets considering their low credit risk nature, though incurred
loss provisions, if any, are disclosed under each sub-category of such financial assets.

3. Market risk

Changes in market prices which will affect the Company''s income or the value of its holdings of financial instruments is considered as
market risk. It is attributable to all market risk sensitive financial instruments.

4. 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. In order to optimize the Company''s position with regards to interest income and interest expenses and to manage the
interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate
and floating rate financial instruments in its total portfolio.

Note: 37 Capital Management

The primary objective of the Group''s capital management is to maximize the shareholders'' interest, safeguard its ability to continue as a
going concern and reduce its cost of capital. Company is focused on keeping strong total equity base to ensure independence, security as
well as high financial flexibility for potential future borrowings required if any. Company''s capital for capital management includes debt
and total equity . As at March 31,2025 and March 31,2024 total capital is Rs 72,21,62,671 /- and Rs 50,58,75,638/- respectively. No
changes were made in the objectives, policies or processes for managing capital during the year ended March 31,2025, March 31,2024.

Note 40: Details of Crypto Currency or Virtual Currency:

During the current period and previous year the Company has not traded or invested in Crypto / Virtual Currency.

Note 41: Undisclosed Income:

There are no transactions which are not recorded in the books of accounts that has been surrendered or disclosed as income during the
year in the tax assessments under the Income Tax Act, 1961.

Note 42: Utilisation of Borrowed funds and Securities Premium :

a. The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kinds of
funds) to any other persons or entities, including foreign entities (Intermediaries) with the understanding (whether recorded in writing or
otherwise) that the Intermediary 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 Beneficiaries), or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

b. The Company has not received any fund from any person or entities, including foreign entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) 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 Funding Party
(Ultimate Beneficiaries), or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

The provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and Companies Act has been complied with for the
transactions of the Company during the year and the transactions are not violative of the Prevention of Money-Laundering act, 2002 (15 of
2003).

Note 43: Additional Disclosures

(i) Title deeds of Immovable Properties not held in name of the
Company:

The company does not hold any immovable properties (other than properties where the company is the lessee and the lease agreements
are duly executed in favour of the lessee) whose title deeds are not in the name of the company.

(ii) Loans or Advances:

The company has not granted Loans or Advances except as disclose in note 9, in the nature of loans to promoters, directors, KMPs and
the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are:

(a) repayable on demand; or

(b) without specifying any terms or period of repayment.

(iii) Intangible Assets under Development:

No assets have been classifed as intangible assets under development.

Capital management

For the purpose of the capital management, capital includes issued equity capital, securities premium and all other equity reserves
attributable to the equity holders of the company. The primary objective of the Company''s capital management is to maximise the
shareholder value.

The Group manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the
financial covenants. To maintain or adjust the capital structure, the Company may adjust to return capital to shareholders or issue new
shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company
includes within net debt, interest bearing loans and borrowings, less cash and cash equivalents, excluding discontinued operations.

As per our report of even date For and on behalf of the Board

For D G M S & Co. DC Infotech & Communication Limited

Chartered Accountants

Firm Registration No. : 0112187W

Hiren J. Maru Managing Director Whole Time Director

Partner Chetankumar Timbadia Devendra Sayani

Membership No : 115279 DIN : 06731478 DIN : 06731484

UDIN: 25115279BMIQCG2556

Chief Financial Officer Company Secretary

Place: Mumbai

Date : 28th May 2025 Piyush Shah Bhavesh Singh

PAN : AZTPS0999Q PAN : BKEPS0087E

(i) Provisions

"Provisions are recognized 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. The expense relating to a provision is presented in the Statement of Profit and Loss net of any reimbursement. Provisions are not recognized for future operating losses.Provisions are measured at the present value of management''s best estimate of the expenditure required to settle the present obligation at the end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. "

(j) Contingent Liabilities

Provisions are recognized 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. When the Company expects

some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the statement of profit and loss net of any reimbursement. If the effect of the time value of money is material, provisions are discounted using 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 recognized as a finance cost.

Contingent liability is disclosed in the case of: -- a present obligation arising from past events, when it is not probable that an outflow of resources will be required to settle the obligation

-a present obligation arising from past events, when no reliable estimate is possible - a possible obligation arising from past events, unless the probability of outflow of resources is remote.

(k) Financial assets & liabilities

i. Financial assets

The classification depends on the Company''s business model for managing the financial assets and the contractual terms of the cash flows. For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income.For investments in equity instruments, this will depend on whether the Company has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other

comprehensive income.

Initial recognition and measurement

Financial assets are recognized when the Company becomes a party to the contractual provisions of the instrument. Financial assets are recognized initially at fair value plus, in the case of financial assets not recorded at fair value through profit or loss, transaction costs that are attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expensed in the Statement of Profit and Loss."

"Subsequent measurement

After initial recognition, financial assets (other than investments in subsidiaries and joint ventures) are measured either at:

i) fair value (either through other comprehensive income or through profit or loss) or,

ii) amortized cost Measured at amortized cost:

Financial assets that are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows that are solely payments of principal and interest, are subsequently measured at amortized cost using the

effective interest rate (''EIR'') method less impairment, if any, the amortization of EIR and loss arising from impairment, if any is recognized in the Statement of Profit and Loss."

"Measured at fair value through other

comprehensive income (FVOCI):

Financial assets that are held within a business model whose objective is achieved by both, selling financial assets and collecting contractual cash flows that are solely payments of principal and interest, are subsequently measured at fair value through other comprehensive income. Fair value movements are recognized in the other

comprehensive income (OCI) net of taxes. Interest income measured using the EIR method and impairment losses, if any are recognized in Profit and Loss. Gains or Losses on De-recognition In case of investment in equity instruments classified as the FVOCI, the gains or losses on derecognition are reclassified to retained earnings. In case of Investments in debt instruments classified as the FVOCI, the gains or losses on de-recognition are reclassified to statement of Profit and Loss."

"Measured at fair value through profit or loss (FVTPL):

A financial asset not classified as either amortized cost or FVOCI, is classified as FVTPL. Such financial assets are measured at fair value with all changes in fair value, including interest income and dividend income if any, recognized as ''other income'' in the Statement of Profit and Loss. The Company measures all its investments in equity (other than investments in subsidiaries and joint ventures) and mutual funds at FVTPL. Changes in the fair value of financial assets measured at fair value through profit or loss are recognized in Profit and Loss. Impairment losses (and reversal of impairment losses) on equity investments measured at FVTPL are recognised in Profit and Loss."

"Impairment of financial assets:

The Company assesses on a forward looking basis the expected credit losses associated with its financial assets carried at amortized cost, FVTPL and FVOCI and debt instruments. The impairment methodology applied depends on whether there has been a significant increase in credit risk. For trade receivable only, the Company applies the simplified approach permitted by Ind AS - 109 Financial Instruments, De-recognition:"

"A financial asset is de-recognized only when

i) The Company has transferred the rights to receive cash flows from the financial asset or

ii) ii) Retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows to one or more recipients.

Where the entity has transferred an asset, the Company evaluates whether it has transferred substantially all risks and rewards of ownership of the financial asset. In such cases, the financial asset is de-recognized. Where the entity has not transferred substantially all risks and rewards of ownership of the financial asset, the financial asset is not de-recognized. Where the entity has neither transferred a financial asset nor retains substantially all risks and rewards of ownership of the financial asset, the financial asset is derecognized if the Company has not retained control of the financial asset. Where the Company retains control of the financial asset, the asset is continued to be recognized to the extent of continuing involvement in the financial asset."

(ii) Financial liabilities Classification as debt or equity

Financial liabilities and equity instruments issued by the Company are classified according to the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.

Initial recognition and measurement

Financial liabilities are recognized when the Company becomes a party to the contractual provisions of the instrument. Financial liabilities are initially measured at fair value.

Subsequent measurement

Financial liabilities other than those measured at fair value through profit and loss are subsequently measured at amortized cost using the effective interest rate method. Financial liabilities carried at fair value through profit or loss are measured at fair value with all changes in fair value recognized in Profit and Loss.

De-recognition

A financial liability is derecognized when the obligation specified in the contract is discharged, cancelled or expires.

"Offsetting financial instruments:

Financial assets and liabilities are offset and the net amount is reported in the Balance Sheet where there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or the counterparty."

(l) Revenue recognition

"Revenue is recognised to the extent that 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 is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and excluding taxes or duties collected on behalf of the government

_ . „ , I

1. Sale of goods: Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on delivery of the goods. Revenue from the sale of goods is measured at the fair value of the consideration received or receivable, net of returns and allowances, trade discounts and volume rebates. Revenue is exclusive of tax which is collected on behalf of government.

2. Profit/ (Loss) on derivatives : Profit/ (Loss) on derivatives contracts on account of fair value changes are recognised as either income or expenses as the case may be in the profit and loss statement

3. Interest Income : Interest is recognized on time proportion basis.

4. Other income: Other income is recognized only when it is reasonably certain that the ultimate collection will be made."

(m) Depreciation and Amortisation

"Depreciation is calculated to systematically allocate the cost of Property, Plant and Equipment net of the estimated residual values over the estimated useful life.

Depreciation is computed using Written Down Value Method (WDV) over the useful lives of the assets as specified in Schedule II to the Companies Act, 201 3.

The residual values are not more than 5% of the original cost of the item of Property, Plant and Equipment. The asset''s residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

Assets Amortization Period

Computers 3 Years

Office Equipment 5 Years

Vehicle 8 Years

Furniture & Fixtures 10 Years

Electrical Installatin and Equipments 10 Years

(n) Leases

"Ind AS 116 sets out the principles for the recognition, measurement and disclosure of leases for both lessees and lessors. A lessee recognises right-of-use asset representing its right to use the underlying asset and a lease liability representing its obligation to make lease payments. Ind AS 116 substantially carries forward the lessor accounting requirements in Ind AS 17. The Company will adopt Ind AS 116, effective annual reporting period beginning 1 April 2019. The right-of-use asset is recognised at its carrying amount as if the standard had been applied since the commencement date, but discounted using the lessee''s incremental borrowing rate as at 1 April 2019. In accordance with the standard, the Company has elected not to apply the requirements of Ind AS 116 to leases for which the underlying asset is of low value."

(o) Income taxes

"The income tax expense is the tax payable on the current period''s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in Deferred Tax Assets and Liabilities attributable to temporary difference.

The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the end of the reporting period i.e. as per the provisions of the Income Tax Act, 1961, as amended from time to time. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities, based on the rates and tax laws enacted or substantively enacted, at the reporting date in the country where the Company operates and generates taxable income.

Deferred Taxes

Deferred tax is provided in full on temporary difference arising between the tax bases of the assets and liabilities and their carrying amounts in standalone financial statements. Deferred tax amounts of income taxes recoverable in future periods in respect of deductible temporary differences.

Deferred income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the reporting period and are expected to apply when the related deferred income tax asset is realized or the deferred income tax liability is settled.

Deferred Tax Assets are recognized for all deductible temporary differences and unused tax losses only if it is probable that future taxable amounts will be available to utilize those temporary differences and losses.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date. Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority. Deferred tax relating to items recognized outside profit or loss is recognized outside profit or loss. Deferred tax items are recognized in correlation to the underlying transaction either in OCI or directly in equity.

Deferred Tax Assets and Liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current and Deferred Tax is recognized in the Statement of Profit and Loss, The carrying amount of Deferred Tax Assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the Deferred Tax Asset to be utilized. Unrecognized Deferred Tax Assets are

re-assessed at each reporting date and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered."

(p) Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying asset are capitalised during the period of time that is necessary to complete and prepare the asset for its intended use or sale. Other borrowing costs are expensed in the period in which they are incurred and reported in finance costs.

(q) Employee benefits

"The Company operates the following post-employment schemes:

A. Defined benefit plans Gratuity; and

B. B. Defined contribution Plan - Provident Fund Defined benefit plans - Gratuity Obligations

The liability or asset recognized in the balance sheet in respect of defined benefit gratuity plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated annually by actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of the reporting period on government bonds that have terms approximating to the terms of the related obligation. The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included in employee benefit expense in the statement of profit and loss. Re-measurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized in the period in which they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognized immediately in profit or loss as past service cost.

Defined Contribution Plans

Eligible employees of company receive benefits from a provident fund, which is a defined benefit plan. Both the eligible employee and the Company make monthly contributions to the provident fund plan equal to a specified percentage of the covered employee''s salary. The Company contributes a portion to Recognized provident Fund set up by Employees Provident Fund Organization of India which is deposited to government account within due date as set under Employees'' Provident Funds & Miscellaneous Provisions Act, 1952.The rate at which the annual interest is payable to the beneficiaries by the trust is being administered by the government. "

(r) Foreign currencies Transaction and translation

a) "Monetary items: Transactions in foreign currencies are initially recorded at their respective functional currency spot rate at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated at functional currency spot rates of exchange at the reporting date. Exchange differences arising on settlement or translation of monetary items are recognised in the statement of profit and loss.

b) Non-Monetary items: Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions.

Exchange differences that arise on settlement of monetary items or on reporting of monetary items at each Balance Sheet date at the closing spot rate are recognised in the Statement of Profit and Loss in the period in which they arise."

(s) Earnings per share

"Basic earnings per share is calculated by dividing the net profit / (loss) for the year attributable to equity shareholders (after deducting preference dividends and attributable taxes) by weighted average number of equity shares outstanding during the year. For the purpose of calculating diluted earnings per share, the net profit / (loss) for the year attributable to equity shareholders and

the weighted average numbers of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares. Dilutive potential equity shares are deemed converted at the beginning of the year and not issued at a later date.In computing the diluted EPS, potential equity shares that either increase earnings per share or decrease loss per equity share, being antidilutive are ignored."

(t) Statement of Cashflow:

Cash Flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing Cash Flows. The cash flows from operating, investing and financing activities of the Company are segregated.

(u) Segment Reporting Policies:

The Company is operating in two different business segments i.e. Sale of Products and Sale of Software and Services. Segments have been identified and reported taking into account nature of products and services, the different risk and returns and internal business reporting system. The accounting policy adopted for Segment Reporting are in line with Company''s accounting policy.

D. Financial risk management

Risk management framework

The Company’s board of directors has overall responsibility for the establishment and oversight of the Company’s risk management framework. The Company’s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The Company has exposure to the following risks arising from financial instruments:

1. Credit risk

2. Liquidity risk and

3. Market risk

1. Credit risk

Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due to the Company causing financial loss. It arises from cash and cash equivalents, deposits with banks and financial institutions, security deposits, loans given and principally from credit exposures to customers relating to outstanding receivables. The Company''s maximum exposure to credit risk is limited to the carrying amount of financial assets recognised at reporting date. The Company continuously monitors defaults of customers and other counterparties, identified either individually or by the Company, and incorporates this information into its credit risk controls. Where available at reasonable cost, external credit ratings and/or reports on customers and other counterparties are obtained and used. The Company’s policy is to deal only with creditworthy counterparties.

In respect of trade and other receivables, the Company is not exposed to any significant credit risk exposure to any single counterparty or any company of counterparties having similar characteristics. Trade receivables consist of a large number of customers in various geographical areas. The Company has no history of customer default, and considers the credit quality of trade receivables that are not past due or impaired to be good. The credit risk for cash and cash equivalents, mutual funds, bank deposits, loans and derivative financial instruments is considered negligible, since the counterparties are reputable organisations with high quality external credit ratings. Company provides for expected credit losses on financial assets by assessing individual financial instruments for expectation of any credit losses. Since the assets have very low credit risk, and are for varied natures and purpose, there is no trend that the company can draws to apply consistently to entire population. For such financial assets, the Company''s policy is to provide for 12 month expected credit losses upon initial recognition and provides for lifetime expected credit losses upon significant increase in credit risk. The Company does not have any expected loss based impairment recognised on such assets considering their low credit risk nature, though incurred loss provisions, if any, are disclosed under each sub-category of such financial assets.

2. Liquidity risk

Liquidity Risk is defined as the risk that the Company will not be able to settle or meets its obligations on time at a reasonable price In addition; processes and policies related to such risks are overseen by senior management. Management monitors the Company’s net liquidity through rolling forecasts of expected cash flows.

Exposure to liquidity risk

The table below is an analysis of Company’s financial liabilities based on their remaining contractual maturities of financial liabilities at the reporting date.

Note: 46 Charge on Assets

1. Charge created in favour of the charge holder (SBI) on 06/12/2023 of Rs 6000 Lakhs over certain assets of the company.

The charged asset shall mean and include: the whole of cash, cash equivalent, inventory, prepaid expenses, other liquid assets, book debts, bills, whether documentary or clean, and all other assets each recognised as current assets under the applicable law and accounting norms both present and future, whether in possession or under the control of the Borrower or not, but including Fixed Deposits.

Note: 47 Corporate Social Responsibilities

As per Section 135 of the Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. A CSR committee has been formed by the company as per the Act.

As per Section 135 of the Companies Act, 2013, the Company is required to spend Rs. 11.55 Lakhs (Previous year Rs. Nil). During the year the company has spent Rs. 12.15 Lakhs (Previous year Rs. Nil) towards providing Food Items, Plantation, Women’s Welfare, Education and other social activities which are eligible expenditure as specified under schedule VII of the Companies Act, 2013.”

Note: 48 Other

Previous year’s figures have been regrouped/rearranged/reworked wherever necessary and possible so as to confirm to current year’s classification.

As per our report of even date For and on behalf of the Board

D C Infotech & Communication

For D G M S & Co. Limited

Chartered

Accountants

Firm Registration No. : 0112187W

Managing

Hiren J. Maru Director Director

Partner Chetankumar Timbadia Devendra Sayani

Membership No :

115279 DIN :06731478 DIN :06731484

UDIN: 2115279AJVRCI17152 Place: Mumbai Date : 08th May 2023

Chief Financial Officer Company Secretary

Piyush Shah Bhavesh Singh

PAN: PAN:

AZTPS0999Q BKEPS0087E