Notes to Accounts of Kotia Enterprises Ltd.

Mar 31, 2025

(j) Provision, Contingent Liabilities and Contingent Assets:

Provision: A provision is recognized if, as a result of a past event, the Company has a present legal or constructive
obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle
the obligation. If the effect of the time value of money is material, provisions are determined by discounting the expected
future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and 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.

The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation
at reporting date, taking into account the risks and uncertainties surrounding the obligation.

Contingent Liability: Contingent liabilities are possible obligations that arise from past events and whose existence will
only be confirmed by the occurrence or non-occurrence of one or more future events not wholly within the control of the
Company. Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be
estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic
benefits is remote. Contingent liabilities are disclosed on the basis of judgment of the management/independent experts.
These are reviewed at each balance sheet date and are adjusted to reflect the current management estimate.

(k) Current and Non Current classification: All assets and Liabilities have been classified as current or non-current.
Based on the nature of product and activities of the Company and their realization in cash and cash equivalent, the
Company has determined its operating cycle as 12 months for the purpose of current and non-current classification of
assets and liabilities.

Deferred tax assets/liabilities are classified as non-current.

Note 4: Major Estimates and Judgments made in preparing Standalone Financial Statements

The preparation of the Company''s Standalone Financial Statements requires management to make judgements and
estimates that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying
disclosures, and the disclosure of contingent liabilities. These include recognition and measurement of financial
instruments, estimates of useful lives and residual value of Property, Plant and Equipment and Intangible Assets,
valuation of inventories, measurement of recoverable amounts of cash-generating units, measurement of employee
benefits, actuarial assumptions, provisions etc.

Uncertainty about these judgments and estimates could result in outcomes that require a material adjustment to the
carrying amount of assets or liabilities affected in future periods. The Company continually evaluates these estimates
and assumptions based on the most recently available information. Revisions to accounting estimates are recognized
prospectively in the Statement of Profit and Loss in the period in which the estimates are revised and in any future
periods affected.

A. JUDGEMENTS

In the process of applying the company''s accounting policies, management has made the following judgements, which
have the significant effect on the amounts recognised in the Standalone Financial Statements:

Materiality

Ind AS requires assessment of materiality by the Company for accounting and disclosure of various transactions in the
Standalone Financial Statements. Accordingly, the Company assesses materiality limits for various items for accounting
and disclosures and follows on a consistent basis. Overall materiality is also assessed based on various financial
parameters such as Gross Block of assets, Net Block of Assets, Total Assets, Revenue and Profit Before Tax. The
materiality limits are reviewed and approved by the Board.

Provisions and contingencies

The assessments undertaken in recognizing provisions and contingencies have been made in accordance with Ind AS 37,
‘Provisions, Contingent Liabilities and Contingent Assets''. The evaluation of the likelihood of the contingent events has
required best judgment by management regarding the probability of exposure to potential loss. Should circumstances
change following unforeseeable developments, this likelihood could alter. In the similar line, management also on the
basis of best judgment and estimate determines the net realizable value of the Inventories to make necessary provision.

B. MAJOR ESTIMATES

The key assumptions concerning the future and other key sources of estimation at the reporting date, that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
year, are described below.

Existing circumstances and assumptions about future developments, however, may change due to market changes or
circumstances arising that are beyond the control of the company. Such changes are reflected in the assumptions when
they occur.

Useful life of property, plant and equipment and intangible assets

The estimated useful life of property, plant and equipment is based on a number of factors including the effects of
obsolescence, demand, competition and other economic factors (such as the stability of the industry and known
technological advances) and the level of maintenance expenditures required to obtain the expected future cash flows
from the asset.

Useful life of the assets other than Plant and machinery are in accordance with Schedule II of the Companies Act, 2013.

The Company reviews at the end of each reporting date the useful life of property, plant and equipment, and are adjusted
prospectively, if appropriate.

As per the requirements of Ind AS 37 - Provisions, Contingent Liabilities and Contingent Assets, the Company has evaluated all potential obligations and rights that may arise from past events.
Based on this evaluation, the management has determined that:

Forthe FinancialYear 2018-2019, a GST demand of ^7,11,246 (CGST and SGST) was receivedalongwith interest of ^28,49,628 andpenalty of ^71,124. The principaltax amount was paid, and the
Company had applied for a waiver of interest and penalty under Section 128A of the CGST Act. The waiver was accepted and approved by the authorities vide order dated 21 May 2025.

For the Financial Year 2019-2020, a GST demand of ^41,96,890 was received, along with interest of ^40,47,900 and penalty of ^4,19,688. The Company has filed an appeal before the appropriate
appellate authority and deposited ^4,19,689 (10% of the disputed tax) as a statutory pre-deposit.

Based on legal advice, the Company believes it has valid grounds in respect of the 2019-2020 demand. As the likelihood of an outflow of economic benefits is not considered probable, no
provision has been recognised in the financial statements.

Note No. 36. Disclosure as per Ind AS 108 '' Operating segment''

As per the requirements of Ind AS 108 - Operating Segments, the standard requires disclosure of information about operating segments, products and services, geographical areas, and major
customers.

The Company is engaged in a single line of business, namely the trading of goods, and operates entirely within India. It does not have any reportable business or geographical segments that are
distinguishable for financial reporting purposes.

Accordingly, no separate segment reporting is presented in the financial statements.

Note No. 37. Disclosure as per Ind AS 107 ''Financial instrument disclosure''

A) Capital management

The Company''s objectives when managing capital are to:

- To ensure Company''s ability to continue as a going concern, and

- To provide adequate return to shareholders
a) Credit risk

Credit risk is the risk that a counterparty fails to discharge its obligation to the Company. The Company''s exposure to credit risk is influenced mainly by cash and cash equivalents, trade
receivables and financial assets measured at amortised cost. The Company continuously monitors defaults of customers and other counterparties and incorporates this information into its credit
risk controls.

i) Credit risk management
Credit risk rating

The Company assesses and manages credit risk of financial assets based on following categories arrived on the basis of assumptions, inputs and factors specific to the class of financial assets. The
Company assigns the following credit ratings to each class of financial assets based on the assumptions, inputs and factors specific to the class of financial assets.

A: Low
B: Medium
C: High

c) Interest rate risk

At present the company does not have any borrowings from the Banks or the Financial Institutions. Therefore there is no interest rate risk.

Note No. 38. Disclosure as per Ind AS 113 ''Fair Value Measurement''
i) Fair values hierarchy

Financial assets and liabilities measured at fair value in the statement of financial position are grouped into three levels of a fair value hierarchy. The three levels are defined based on the
observability of significant inputs to the measurement, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value offinancial instruments that are not traded in an active market is determined usingvaluation techniques that maximise the use ofobservable market data and rely as little
as possible on entity-specific estimates.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

Note No. 40.

Additional Regulatory Information in Schedule III:

i) The company does not have any immovable property during the year.

ii) The Company does not have any investment property, hence the question of disclosure and valuation by a registered valuer as defined under rule 2 of Companies (Registered Valuers and
Valuation) Rules, 2017 does not arise.

iii) The Company has not revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year.

iv) The Company does not have any intangible assets during the year.

v) No loans or advances in the nature of loan are granted to promoters, directors, KMPS, and the related parties (as defined under Companies Act, 2013) either severally or jointly with other
person, that are repayable on demand or without specifying any terms or period of repayments.

vi) The company does not have any Capital Work-in-Progress during the year.

vii) There are no intangible assets under development during the year.

viii) Benami property: There are no proceedings being initiated or are pending against the Company for holding any benami property under the BenamiTransactions (Prohibition) Act, 1988 (45
of 1988) and rules made thereunder.

ix) The Company does not have any loans from banks or financial institutions.

x) Wilful Defaulter : the Company has not been declared as wilful defaulter by any bank or financial institution or other lender.

xi) The Company does not have transactions or relationship with Struck off Companies.

xii) Registration of charges or satisfaction with Registrar of Companies:- There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the statutory
period.

xiii) The Company is in compliance with the number of layers prescribed under clause (87) of section 2 of the Companies Act read with the Companies (Restriction on number of Layers) Rules,
2017.

xiv) Detailed Ratio analysis given in note number 39.

xv) There are no Scheme of Arrangements as on March 31, 2025.

xvi) Utilisation of borrowings availed from banks :-

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a. 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

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the
Company shall:

a. 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

b. provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

Note No 41. Additional information to be disclosed by way of Notes to Statement of Profit and Loss

i) The Company does not have any undisclosed income as on March 31, 2025.

ii) The Company does not have any Crypto Currency or Virtual Currency as on March 31, 2025.

Note No. 42. Events occurring after the Balance Sheet Date : -

There are no events occurring after Balance Sheet date in respect of the year ended 31 March 2025.

Note No. 43. Disclosure as required by Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015

A. Loans and advances in the nature of loans
To Joint Venture : Nil

To Wholly Owned Subsidiary : Nil

B. Investment by the loanee : Nil

Note No. 44. Certain Prior year amounts have been reclassified for consistency with the current period presentation. These reclassification have no effect on the reported results of operations.

For Ajay Rattan & Co. For and on behalf of the Board of Directors of

Chartered Accountants Kotia Enterprises Limited

(Firm Registration No.012063N)

CA Ajay AggarwalU Manoj Kumar Bansal Vikas Bansal

Partner Managing Director & CFO Director

Membership No. 0909750 DIN: 00272806 DIN: 07094135

UDIN: 25090975BOEOLG7410

Place : New Delhi Ankit Bhatnagar

_{Dated :} 30.05.2025 Company Secretary

M.NO: 42170

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Mar 31, 2024

(j) Provision, Contingent Liabilities and Contingent Assets:

Provision: A provision is recognized if, as a result of a past event, the Company has a present legal or constructive
obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle
the obligation. If the effect of the time value of money is material, provisions are determined by discounting the expected
future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and 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.

The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at
reporting date, taking into account the risks and uncertainties surrounding the obligation.

Contingent Liability: Contingent liabilities are possible obligations that arise from past events and whose existence will
only be confirmed by the occurrence or non-occurrence of one or more future events not wholly within the control of the
Company. Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be
estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic
benefits is remote. Contingent liabilities are disclosed on the basis of judgment of the management/independent experts.
These are reviewed at each balance sheet date and are adjusted to reflect the current management estimate.

(k) Current and Non Current classification: All assets and Liabilities have been classified as current or non-current.
Based on the nature of product and activities of the Company and their realization in cash and cash equivalent, the
Company has determined its operating cycle as 12 months for the purpose of current and non-current classification of
assets and liabilities.

Deferred tax assets/liabilities are classified as non-current.

NOTE 4

Note 4 Major Estimates and Judgments made in preparing Standalone Financial Statements

The preparation of the Company''s Standalone Financial Statements requires management to make judgements and estimates that
affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying disclosures, and the disclosure of
contingent liabilities. These include recognition and measurement of financial instruments, estimates of useful lives and residual
value of Property, Plant and Equipment and Intangible Assets, valuation of inventories, measurement of recoverable amounts of
cash-generating units, measurement of employee benefits, actuarial assumptions, provisions etc.

Uncertainty about these judgments and estimates could result in outcomes that require a material adjustment to the carrying
amount of assets or liabilities affected in future periods. The Company continually evaluates these estimates and assumptions
based on the most recently available information. Revisions to accounting estimates are recognized prospectively in the Statement
of Profit and Loss in the period in which the estimates are revised and in any future periods affected.

A. JUDGEMENTS

In the process of applying the company''s accounting policies, management has made the following judgements, which have the
significant effect on the amounts recognised in the Standalone Financial Statements:

Materiality

Ind AS requires assessment of materiality by the Company for accounting and disclosure of various transactions in the Standalone
Financial Statements. Accordingly, the Company assesses materiality limits for various items for accounting and disclosures and
follows on a consistent basis. Overall materiality is also assessed based on various financial parameters such as Gross Block of
assets, Net Block of Assets, Total Assets, Revenue and Profit Before Tax. The materiality limits are reviewed and approved by the
Board.

Provisions and contingencies

The assessments undertaken in recognizing provisions and contingencies have been made in accordance with Ind AS 37,
''Provisions, Contingent Liabilities and Contingent Assets''. The evaluation of the likelihood of the contingent events has required
best judgment by management regarding the probability of exposure to potential loss. Should circumstances change following
unforeseeable developments, this likelihood could alter. In the similar line, management also on the basis of best judgment and
estimate determines the net realizable value of the Inventories to make necessary provision.

B. MAJOR ESTIMATES

The key assumptions concerning the future and other key sources of estimation at the reporting date, that have a significant risk of
causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below.

Existing circumstances and assumptions about future developments, however, may change due to market changes or circumstances
arising that are beyond the control of the company. Such changes are reflected in the assumptions when they occur.

Useful life of property, plant and equipment and intangible assets

The estimated useful life of property, plant and equipment is based on a number of factors including the effects of obsolescence,
demand, competition and other economic factors (such as the stability of the industry and known technological advances) and the
level of maintenance expenditures required to obtain the expected future cash flows from the asset.

Useful life of the assets other than Plant and machinery are in accordance with Schedule II of the Companies Act, 2013.

The Company reviews at the end of each reporting date the useful life of property, plant and equipment, and are adjusted
prospectively, if appropriate.

FINANCIAL INSTRUMENT
Fair values hierarchy

Financial assets and liabilities measured at fair value in the statement of financial position are grouped into three levels of a fair value hierarchy.
The three levels are defined based on the observability of significant inputs to the measurement, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise
the use of observable market data rely as little as possible on entity specific estimates.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

FINANCIAL RISK MANAGEMENT NOTE 31

The Company''s activities expose it to credit risk, liquidity risk and market risk. The Company''s board of directors has overall responsibility for the
establishment and oversight of the Company''s risk management framework. This note explains the sources of risk which the entity is exposed to
and how the entity manages the risk and the related impact in the financial statements.

Credit risk

Credit risk is the risk that a counterparty fails to discharge its obligation to the Company. The Company''s exposure to credit risk is influenced
mainly by cash and cash equivalents, trade receivables and financial assets measured at amortised cost. The Company continuously monitors
defaults of customers and other counterparties and incorporates this information into its credit risk controls.

Credit risk management
Credit risk rating

The Company assesses and manages credit risk of financial assets based on following categories arrived on the basis of assumptions, inputs and
factors specific to the class of financial assets. The Company assigns the following credit ratings to each class of financial assets based on the
assumptions, inputs and factors specific to the class of financial assets.

A: Low
B: Medium
C: High

Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled
by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure as far as possible, that it will have
sufficient liquidity to meet its liabilities when they are due.

Management monitors rolling forecasts of the Company''s liquidity position and cash and cash equivalents on the basis of expected cash flows. The
Company takes into account the liquidity of the market in which the entity operates.

Segment Information :

The Company does not have secondary segment division in respect of reportable segments.

Ind AS 108, Operating segments, establishes standards for the way that public business enterprises report information about operating segments and
related disclosures about products and services, geographic areas, and major customers.

The Company has only one business segment of trading of goodds. The Company operates its business from India Therefore, there is only one business
and geographical segment.

Thus, Business of the company is not identifiable to multiple reportable segments. Hence no segment reporting is given.

NOTE 36

Additional Regulatory Disclosures

(i) Details of Benami Property held

No proceedings have been initiated on or are pending against the group for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)
and Rules made thereunder.

(ii) Willful defaulter

The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority.

(iii) Relationship with struck off companies

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.

(iv) Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(vi) Compliance with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

(vi) Utilisation of borrowed funds and share premium

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that
the Intermediary shall:

a. 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

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing
or otherwise) that the Company shall:

a. 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

b. provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

(vii) Undisclosed income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been
recorded in the books of account.

(viii) Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

(ix) Valuation of Property, Plant & Equipment, intangible asset and investment property

The Company has not revalued its property, plant and equipment or intangible assets or both during the current or previous year.

(x) Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the statutory period.

The Company did not have any long- term contracts including derivative contracts for which there were any material foreseeable losses.

NOTE 38

There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

NOTE 39

The financial statements were approved for issue by the Board of Directors on May 30 , 2024.

NOTE 40

Figures in brackets indicate negative (-) figures.

For and on behalf of the Board of Directors of
Kotia Enterprises Limited

Manoj Kumar Bansal Paaven Bansal

Managing director & CFO Director

DIN:00272806 DIN:008098647

Nupur Jain

Company Secretary
M.NO: F12718

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Mar 31, 2016

1. There is no Micro, Small and Medium Enterprises as defined under Micro, Small & Medium Enterprises Development Act, 2006 to which Company owes dues which are outstanding for a period more than 45 days as on Balance Sheet Date.

The above information regarding Micro, Small and Medium Enterprises has been determined on the basis of information availed with the Company and has been duly relied by the auditors of the Company.

2. Provisions of Accounting Standard (AS) – 17 on ‘Segment Reporting’ are not been applicable to the Company.

3. In the opinion of the management, the current assets, loans and advances have a realisable value in the ordinary course of business is not less than the amount at which they are stated in the Balance Sheet.

4. Transaction entered with the related party covered by the Accounting Standard (AS) – 18 on ‘Related Party Disclosure’ during the period covered by these 6. Balance shown under head Sundry Debtors, Creditors and Advances are subject to confirmation.

5. Previous Year’s Figures have been re- arranged or re- grouped wherever considered necessary.

6. Figures have been rounded off to the nearest rupees.

7. Figures in brackets indicate negative (-) figures unless specified otherwise.

The company has issued only one class of equity share having a par value of Rs. 10 per share. Each holder of equity shares is entitled to vote per share. The company declares and pays dividend if any, in Indian Rupees. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of equity shares will be entitiled to receive remaining assets of the company, after distribution of all the preferential amount. The distribution will be in proportion to the number of equity shares held by the shareholder.

* Pursuant to the enactment of Companies Act 2013, the company has applied the estimated useful lives as specified in Schedule II in respect of fixed assets related to Depreciation. Accordingly the unamortised carrying value is being depreciated over the revised/ remaining useful lives. The written down value of Fixed Assets whose lives have expired as at 1st April 2014 have been adjusted net of tax, in the opening balance of Profit and Loss Account amounting to Rs. 82,758.

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Mar 31, 2015

1. Terms and rights attached to equity shares

The company has Issued only one class of equity share having a par value of Rs. 10 per share. Each holder of equity shares is entitled to vote per share. The company declares and pays dividend if any, in Indian Rupees. The dividend proposed by the Board or Directors is subject to approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the company, the holders of equity shares will be entitiled to receive remaining assets of the company, after distribution of all the preferential amount The distribution will be in proportion to the number of equity shares held by the shareholder

2. There is no Micro, Small and Medium Enterprises as defined under Micro, Small &Medium Enterprises Development Act, 2006 to which Company owes dues which are outstanding for a period more than 45 days as on Balance Sheet Date.

The above information regarding Micro. Small and Medium Enterprises has been determined on the basis of information availed with the Company and has been duly relied by the auditors of the Company.

3. Provisions of Accounting Standard (AS) - 17 on 'Segment Reporting' are not been applicable to the Company.

4. In the opinion of the management, the current assets, Loans and advances have a realisable value in the ordinary course of business is not less than the amount at which they are stated in the Balance Sheet.

5. Transaction entered with the related party covered by the Accounting Standard (AS) - 18 on 'Related Party Disclosure' during the period covered by these financial statements.

(a) Related Parties Covered: -

(i) Key Management Personnel Atut Mittal - Director

Abhishek Bansal- Director

Khushboo Agarwal- Director

Anil Kumar Dhand- Director

Asha Hand Sharma- Director

Y.I.P Sehgal- Director

Nishant Sehgal - Director

Prashant Sehgal- Director

(ii) Relatives of Key Management None Personnel

(iii) Enterprises owned or N.P. Investment and Leasing significantly influenced by the Key Pvt. Ltd. Management Personnel or their Relatives

(b) Transaction with Related Parties: - NIL

6. Balance shown under head Sundry Debtors, Creditors and Advances are subject to confirmation,

7. Previous Year's Figures have been re arranged or re- grouped wherever considered necessary.

8. Figures have been rounded off to the nearest rupees.

9. Figures in brackets indicate negative (-) figures unless specified otherwise.

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Mar 31, 2014

1. CONTINGENT LIABILITIES

There are no Contingent Liabilities in the Company.

2. There are no Micro, Small and medium enterprises to whom the company owes dues, which are outstanding for more than 45 days as on 31st March, 2013. This information required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006, has been determined to the extent such parties have been identified on the basis of information available with the company.

3. Related party disclosures

Information regarding related party transactions as per Accounting Standard AS-18 " Related Party Disclosures" notified by Companies (Accounting Standards) Rules, 2006 (as amended)

List of Related parties

A. Companies/Firm under common control

S.No. Name of the Company/Firm

1. N.P Investment and Leasing Pvt. Ltd.

B. Key Management Personnel and their relatives

S.No. Name Relationship

1. Y.I.PSehgal Director

2. Nishant Sehgal Director

3. Prashant Sehgal Director

4. Abhishek Bansal Director

5. Anil Kumar Dhand Director

6. Asha Nand Sharma Director

4. Figures of previous year have been regrouped or rearranged wherever found necessary and the same are appearing in brackets.

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Mar 31, 2012

1. CONTINGENT LIABILITIES

2012 2011 Rs. In Lacs Rs. In Lacs

Bank Guarantees obtained from Banks 21.70 21.70

2. Balances of Sundry Debtors, Sundry Creditors, Loans and Advances and Unsecured Loans are subject to reconciliation and confirmations

3. Long term investments are stated at cost. Diminution in the value of Investments is not provided for, in the opinion of the management, the decline in the value of the investment is temporary in nature.

4. In the opinion of the Board, the Current Assets, Loans and Advances have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated and provisions for all known liabilities have been made.

5. a. In accordance with the Accounting Standard 22 relating to Taxes on Income and made applicable with effect from 1st day of April, 2002, the accumulated deferred tax liability as on 1.4.2009 amounting to Rs.3592582.00 is adjusted from General Reserves.

b. Deferred tax assets are not recognised in repsect of brought forward depreciation and business loss in the absence of convincing evidence that sufficient future taxable income will be available against which such brought forward depreciation allowance and business loss will be set off.

6. Related Party Transactions:

As per Accounting Standard No. 18, issued by the Institute of Chartered Accountants of India, related parties in terms of the said standard are disclosed below:

A. Name of Related Parties and description of relationship :

Associates : M/s.N.P. Investment & Leasing Pvt.Ltd.

Key Management Personnel : 1. Mr. Y.I.P. Sehgal

2. Mr. Nishant Sehgal

7. Previous year figures have been regrouped/rearranged whereever found necessary.

8. Schedule No. 1 to 17 are integral part of Balance Sheet and Profit and Loss account.

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Mar 31, 2011

1. CONTINGENT LIABILITIES

2011 2010 Rs In Lacs Rs. In Lacs

Bank Guarantees obtained from Banks 21.70 38 97

2. Balances of Sundry Debtors, Sundry Creditors. Loans and Advances and Unsecured Loans are subject to reconciliation and confirmations

3. Long term investments are stated at cost. Diminution in the value of Investments is not provided for, in the opinion of the management, the decline in the value of the investment is temporary in nature.

4. In the opinion of the Board, the Current Assets, Loans and Advances have a value on realisation in the ordinary course of business at least equal to the amount at which they are stated and provisions for all known liabilities have been made.

5. a In accordance with the Accounting Standard 22 relating to Taxes on Income and made applicable with effect from 1st day of April, 2002, the accumulated deferred tax liability as on 1.4 2009 amounting to Rs.3552582.00 is adjusted from General Reserves.

6. Deferred tax assets are not recognised in repsect of brought forward depreciation and business loss in the absence of convincing evidence that sufficient future taxable income will be available against which such brought forward depreciation allowance and business loss will be set off.

7. Break up of deferred tax assets and deferred tax liabilities is as under:

8. Related Party Transactions:

As per Accounting Standard No 18, issued by the Institute of Chartered Accountants of India, related parties in terms of the said standard are disclosed below

A Name of Related Parties and description of relationship :

Associates : M/s.N.P Investment & Leasing Pvt.Ltd.

Key Management Personnel : 1 Mr. Y.I.P Sehgal

2 Mr. Nishant Sehgal

9. Previous year figures have been regrouped/rearranged whereever found necessary.

13 Schedule No. 1 to 17 are integral part of Balance Sheet and Profit and Loss account