Notes to Accounts of PDP Shipping & Projects Ltd.

Mar 31, 2025

X. Provision, Contingent Liabilities & Contingent Assets

Provisions are recognized only when there is a present obligation as a result of past events and when a reliable estimate of the amount of the obligation can be made.

Contingent Liabilities is disclosed in Notes to the account for:-

(i) Possible obligations which will be confirmed only by future events not wholly within the control of the company or

(ii) Present Obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of the obligation
cannot be made.

Contingent assets are not recognized in the financial statement since this may result in the recognition of the income that may never be realized.

XI. Current and non-current classification

The Company presents assets and liabilities in the balance sheet as restated based on current / non-current

classification. '' '' " "

An asset is classified as current when it satisfies any of the following criteria:

- It is expected to be realised in, or is intended for sale or consumption in, the Company''s normal operating cycle.

- It is held primarily for the purpose of being traded;

- It is expected to be realised within 12 months after the reporting date; or

- It is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months after the reporting date. ''

- All other assets are classified as non-current.

A liability is classified as current when it satisfies any of the following criteria:

- It is expected to be settled in the Company''s normal operating cycle;

- It is held primarily for the purpose of being traded '' ''

- It is due to be settled within 12 months after the reporting date; or the Company does not have an unconditional right to defer settlement of the liability for at least 12 months after the reporting date.
Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do not affect its classification.

-All other liabilities are classified as non-current. '' '' ''

XII. Contingencies & Events occurring after the balance sheet date

Event occurring after the date of balance sheet, which provide further evidence of conditions that existed at the Balance Sheet or that arise subsequently, are considered up to the date of approval of
accounts by the Board of Directors, Where material.

XIII. Lease expense

Lease payments under an operating lease recognised as an expense in the statement of profit and loss on a straight line basis over the lease term.

Company has not entered into any finance lease arrangements.

XIV. Earni ng Per Share

Basic earning per share is calculated by dividing the net profit after tax by the weighted average number of equity shares outstanding during the year. Diluted earing per share adjusts the figures used in
determination of basic earnings per share to take into account the conversion of all dilutive potential equity shares.

XV. Others

Except wherever stated, accounting policies are consistent with the generally accepted accounting principles and have been consistently applied.

XVI. The various figures of financial statement have been regrouped or reclassified wherever necessary.

34 There is no Contingent Liability in any of the reported financials years.

35 There is no revaluation made by the Company in any of the reported financials years.

36 Company has not purchases its own shares out of free reserves or securities premium account

37 The Financial Statements of a company comply with the accounting standards referred in Section 129(1)

38 Corporate Social Responsibility (CSR) related provisions are not applicable on the company during the financial year

39 Post reporting date events - No adjusting or significant non-adjusting events have occurred between 31st March , 2025 and the date of
authorisation of these financial statements.

40 Director Personal Expenses-There are no director personal expenses debited to the profit and loss account. However, personal expenditure if
included in expenses like telephone, vehicle expenses etc. are not identifiable or separable.

41 Compliance with number of layers of companies - There is no i nvestment in any company, hence not required to be complied

42 Company has not purchased property in name of diretor or any other personal under Benami Transactions (Prohibition) Act, 1988. and also there
are no proceedi ngs that have been initiated or pendi ng against the company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

44 Segment Reporting - Company had no segments Based on guiding principle given in Accounting Standard 17 ''Segment reporting, Issued by the
Institute of Chartered Accountants of India.

45 Wilful Defaulter

The company is not declared wilful defaulter by any bank or financial i nstitution or other lender.

46 Registration of charges or satisfaction with Registrar of Companies

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

47 Compliance with approved Scheme(s) of Arrangements

There are no Scheme of Arrangement that has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act,

48 The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

AS PER OUR REPORT OF EVEN DATE ATTACHED

For Bilimoria Mehta & Co For PDP SHIPPING & PROJECTS LIMITED

CHARTERED ACCOUNTANTS

ANIMESH KUMAR SHALINI VERMA

CA Aakash Mehta Managing Director Whole-time Director

Partner DIN: 02534914 DIN: 07040233

M. NO. : 165824
F. M NO : 101490W
PLACE: Navi Mumbai

DATE: 27/05/2025 Vijay Kumar Jha Sheela Anand Nadar

UDIN: 25165824BMIIHM7847 Company Secretary CFO

M No. (ACS-40666) Pan No. : APOPN0697P