s. AS - 29 Provisions Contingent liabilities and contingent assets :-

• Provisions involving substantial degree of estimation in measurement are
recognized when there is a present obligation as a result of past events
and it is probable that there will be an outflow of resources.

• Contingent Liabilities are not recognized but are disclosed in the notes.

• Contingent Assets are neither recognized nor disclosed in the financial
statements.

• Provisions, Contingent Liabilities and Contingent Assets are reviewed at
each Balance Sheet Date.

Notes Forming Part of the Financial Statements

24. The previous year's figures have been reworked, regrouped, and reclassified
wherever necessary. Amounts and other disclosures for the preceding year are
included as an integral par of the current year financial statements and are to
be read in relation to the amounts and other disclosures relating to the current
year.

25. Credit and Debit balances of unsecured loans, sundry creditors, sundry Debtors,
loans and Advances are subject to confirmation and therefore the effect of the
same on profit could not be ascertained.

26.In the opinion of the directors, all the current assets, current liabilities, loans
and advances, have a realizable value in ordinary course of business, at least
equal to the amount which is stated in Balance Sheet.

33. Relationship with Struck Off Companies: -

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

34. Registration of charges or satisfaction with Registrar of companies
(ROC): -

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

35. Willful Defaulter: -

During the year, the company is not declared as willful defaulter by any bank or
financial Institution or other lender.

36. Security of current assets against borrowings

The company has not borrowings 'during any point of time of the year' from
banks or financial institutions on the basis of security of current assets

37. Details of Benami Property Held

There are no proceedings have been initiated or pending against the company
for holding any benami property under the Prohibition of Benami Property
Transactions Act, 1988 and the Rules made thereunder

38. Utilization of Borrowed fund and share premium

A) Where a company has advanced or loaned or invested funds to Intermediaries
with the understanding 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, the company shall disclose the following:

(I) date and amount of fund advanced or loaned or invested in Intermediaries
with complete details of each Intermediary.

(II) date and amount of fund further advanced or loaned or invested by such
Intermediaries to other intermediaries or Ultimate Beneficiaries along with
complete details of the ultimate beneficiaries.

(III) date and amount of guarantee, security or the like provided to or on behalf
of the Ultimate Beneficiaries.

(IV) declaration that relevant provisions of the Foreign Exchange Management
Act, 1999 (42 of 1999) and the Companies Act has been complied with for such
transactions and the transactions are not violative of the Prevention of Money¬
Laundering Act, 2002 (15 of 2003).

(B) Where a company has received any fund from any Funding Party with the
understanding 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 company shall disclose the following:

(I) date and amount of fund received from Funding parties with complete details
of each Funding party.

(II) date and amount of fund further advanced or loaned or invested in other
intermediaries or Ultimate Beneficiaries along with complete details of the other
intermediaries' or ultimate beneficiaries.

(III) date and amount of guarantee, security or the like provided to or on behalf
of the Ultimate Beneficiaries.

(IV) declaration that relevant provisions of the Foreign Exchange Management
Act, 1999 (42 of 1999) and Companies Act has been complied with for such
transactions and the transactions are not violative of the Prevention of Money¬
Laundering Act, 2002 (15 of 2003).

39. Undisclosed Income

The company do not have any transaction 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), unless there is
immunity for disclosure under any scheme. The company shall also not have the
previously unrecorded income and related assets have been properly recorded in
the books of account during the year.

40. Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto Currency or Virtual Currency
during the financial year, the following shall be disclosed:

(a) profit or loss on transactions involving Crypto Currency or Virtual Currency;

(b) amount of currency held as at the reporting date;

(c) deposits or advances from any person for the purpose of

(d) trading or investing in Crypto Currency / Virtual Currency.