1.20 Provisions, Contingent Liabilities and Contingent Assets (Ind AS 37):

Provisions are recognized in the balance sheet when the company has a present
obligation (legal or constructive) as a result of a past event, which is expected to
result in an outflow of resources embodying economic benefits which can be reliably
estimated. Each provision is based on the best estimate of the expenditure required
to settle the present obligation at the balance sheet. Where the time value of money
is material, provisions are made on a discounted basis.

Disclosure for Contingent liabilities is made when there is a possible obligation or
present obligation arising from past events, the existence of which will be confirmed
only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the company or a present obligation that arises from the
past events where it is either not probable that an outflow of resources embodying in
economic benefits will be required to settle or a reliable estimate of amount cannot
be made.

Disclosure for Contingent assets are made when there is possible asset that arises
from past events and whose existence will be confirmed only by the occurrence or
non-occurrence of one or more uncertain future events not wholly within the control
of the entity. However Contingent assets are neither recognized nor disclosed in the
financial statements.

1.21 Prior Period and Extraordinary and Exceptional Items:

(i) All Identifiable items of Income and Expenditure pertaining to prior period are
accounted through “Prior Period Items”.

(ii) Extraordinary items are income or expenses that arise from events or transactions
that are clearly distinct from the ordinary activities of the enterprise and, therefore,
are not expected to recur frequently or regularly. The nature and the amount of each
extraordinary item be separately disclosed in the statement of profit and loss in a
manner that its impact on current profit or loss can be perceived.

(iii) Exceptional items are generally non-recurring items of income and expenses within
profit or loss from ordinary activities, which are of such, nature or incidence.

I. Financial assets:

A. Initial recognition and measurement

All financial assets and liabilities are initially recognized at fair value. Transaction
costs that are directly attributable to the acquisition or issue of financial assets and
financial liabilities, which are not at fair value through profit or loss, are adjusted to
the fair value on initial recognition.

B. Subsequent Measurement

a) Financial assets measured at amortized cost (AC)

A financial asset is measured at amortized cost if it is held within a business model
whose objective is to hold the asset in order to collect contractual cash flows and the
contractual terms of the financial asset give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal amount outstanding.

b) Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose
Objective is achieved by both collecting contractual cash flows and selling financial
assets and the contractual terms of the financial asset give rise on specified dates to
cash flows that are solely payments of principal and interest on the principal amount
outstanding.

c) Financial assets measured at fair value through profit or loss (FVTPL)

A Financial asset which is not classified in any of above categories are measured at
FVTPL e.g. investments in mutual funds. Financial assets are reclassified
subsequent to their recognition, if the Company changes its business model for
managing those financial assets. Changes in business model are made and applied
prospectively from the reclassification date which is the first day of immediately next
reporting period following the changes in business model in accordance with
principles laid down under Ind AS 109 -Financial Instruments.

II. Financial Liabilities

A. Initial recognition

All financial liabilities are recognized at fair value and in case of borrowings,net of
directly attributable cost. Fees of recurring nature are directly recognized in the
Statement of Profit and Loss as finance cost.

B. Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method.
For trade and other payables maturing within one year from the balance sheet date,
the carrying amounts approximate fair value due to the short maturity of these
instruments

Operating segment is a component of an entity:

a. That engages in business activities from which it may earn revenues and incur
expenses (including revenues and expenses relating to transactions with other
components of the same entity).

b. Whose operating results are regularly reviewed by the entity's chief operating
decision maker to make decision about resources to be allocated to the segments
and assess its performance, and

c. For which discrete financial information is available.

The Company has no Operating segments

1.25 Events After the Reporting Period (Ind AS 10)

Events after the reporting period are those events, favorable and unfavorable, that
occur between the end of the reporting and the date when the financial statements
are approved by the Board of Directors in case of a company, and, by the
corresponding approving authority in case of any other entity for issue. Two types of
events can be identified:

a. Those that provide evidence of conditions that existed at the end of reporting period
(adjusting events after the reporting period);

b. Those that are indicative of conditions that arose after the reporting period ( n o n -
adjusting events after the reporting period).

An entity shall adjust the amounts recognized in its financial statements to reflect
adjusting events after the reporting period.

As per the information provided and Books of Accounts no such events are identified
during the reporting period. Hence Ind AS 10 Events After the Reporting Period is not
applicable.

1.26 Construction Contracts (Ind AS 11)

Construction contract is a contract specifically negotiated for the construction of an
asset or a combination of assets that are closely interrelated or interdependent in
terms of their design, technology, and function or their ultimate purpose or use.

The company is engaged in Information and Technology Services, Digital Services
,hence Ind AS 11 “Construction Contract” is not applicable.

1.27 Income Taxes (Ind AS 12)

The Tax Expense for the period comprises of current and deferred tax.

• Current Tax:

Current Tax Assets and Liabilities are measured at the amount expected to be
recovered from or paid to the Income tax authorities, based on tax rates and laws that
are enacted at the Balance Sheet date.

• Deferred Tax:

Deferred tax liabilities are recognized for all timing differences. Deferred tax assets
are recognized for deductible timing differences only to the extent that there is
reasonable certainty that sufficient future taxable income will be available against
which such deferred tax assets can be realized. In situations where the Company

has unabsorbed depreciation or carry forward tax losses, all deferred tax assets are
recognized only if there is virtual certainty supported by convincing evidence that
they can be realized against future taxable profits.

At each reporting date, the Company reassesses unrecognized deferred tax assets.
It recognizes unrecognized deferred tax assets to the extent that it has become
reasonably certain or virtually certain, as the case may be, that sufficient future
taxable income will be available against which such deferred tax assets can be
realized.

The carrying amount of deferred tax assets are reviewed at each reporting date. The
Company writes-down the carrying amount of deferred tax asset to the extent that it
is no longer reasonably certain or virtually certain, as the case may be, that sufficient
future taxable income will be available against which deferred tax asset can be
realized. Any such write-down is reversed to the extent that it becomes reasonably
certain or virtually certain, as the case may be, that sufficient future taxable income
will be available.

1.28 Exceptional Items:

Exceptional Items as disclosed in the Statement of Profit and Loss Account for 12
months ended 31 March 2024 comprise of the following, in aggregate:

i. During the year, the company has disposed majority of the assets except a small
piece of land.

ii. There is a significant change in the segment revenues of the company.

i) The Company doesnot have any benami property and no proceedings have been
initiated or pending against the company for holding any benami property.

ii) The Company doesn't have any transaction with companies struck off.

iii) The company doesn't have any charges or satisfaction which is yet to be registered
with ROC beyond the Statutory period.

iv) The Company has not traded or invested in crypto currency or virtual currency during
the financial yr.

v) 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
whatsover 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.

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

vii) The Company has not any such transaction which is 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

(such as,search or survey or any other relevant provisions of the Income Tax
Act,1961)

4. Consolidated and Separate Financial Statement (Ind AS 27):

The company has no subsidiary companies for the current reporting period. Hence
consolidate and separate financial statement are not applicable.

5. Investments in Associates (Ind AS 28):

The company has not made any investments in any of its associates during the
reporting period. This accounting standard has no financial impact on the financial
statements for the current reporting period.

6. Interest in Joint Ventures (Ind AS 31)

The company has no interest in any Joint ventures.This accounting standard has no
financial impact on the financial statements for the current reporting period.

The information has been given in respect of such vendors to the extent they could be identified as
micro and small enterprises on the basis of information available with company.

As per the information provided / submitted by the Company, there are no dues to Micro, Small and
Medium Enterprises covered under(‘MSMED’ Act, 2006).

19. Financial Risk Management

In course of its business, the company is exposed to certain financial risk such as market risk
(Including currency risk and other price risks), credit risk and liquidity risk that could have
significant influence on the company’s business and operational/financial performance. The
Board of directors reviews and approves risk management framework and policies for managing
these risks and monitor suitable mitigating actions taken by the management to minimize
potential adverse effects and achieve greater predictability to earnings.

20. Credit Risk

Credit risk refers to the risk that the counterparty will default on its contractual obligations
resulting in financial loss to the company. The company has adopted a policy of only dealing with
creditworthy counterparties and obtaining sufficient collateral, where appropriate, as a means of
mitigating the risk of financial loss from defaults.

The company makes an allowance for doubtful debts/advances using the expected credit loss
model.

21. Liquidity risk

Liquidity risk refers to the risk that the company cannot meet its financial obligations. The
objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are
available for use as pre requirements. The Company’s exposure to liquidity risk is minimal as the
promoters of the company is infusing the funds based on the requirements.

22. Amounts have been rounded off to nearest Rupee.

23. Note No. 1 to 22 forms part of the financial statements of the company.

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

For MSPR & Co

Chartered Accountants Sd/- Sd/-

Firm Regn No.010152S C. Pitchandi P. Seetha Lakshmi

Managing Director Director

CA . Teja Kiran DIN : 01256061 DIN :02779034

Partner

M.No. 263464

UDIN:24263464BKEWQP167

Sd/- Sd/-

Place:Hyderabad P.MALLIGA DESHNA JAIN

Date:29-05-2024 CFO Company Secretary