k. Provisions and Contingent Liabilities

Provisions

Provisions are recognized when there is a present obligation 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 there is a substantial degree of the estimation of the amount of
the obligation.

Provisions are measured at the best estimate of the expenditure required to settle the
present obligation at the Balance sheet date and are not discounted to its present value.

Contingent Liabilities

Contingent liabilities are disclosed when there is a possible 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 past events where it is either not probable that an
outflow of resources will be required to settle or a reliable estimate of the amount cannot
be made, is termed as a contingent liability.

l. Earnings Per Share (EPS)

Basic earnings per share are calculated by dividing the net profit or loss for the period
attributable to equity shareholders by the weighted average number of equity shares
outstanding during the period. Earnings considered in ascertaining the Company’s
earnings per share is the net profit for the period after deducting preference dividends and
any attributable tax thereto for the period. The weighted average number of equity shares
outstanding during the period and for all periods presented is adjusted for events, such as
bonus shares, other than the conversion of potential equity shares, which have changed
the number of equity shares outstanding, without a corresponding change in resources.
For the purpose of calculating diluted earnings per share, the net profit or loss for the
period

attributable to equity shareholders and the weighted average number of shares outstanding
during the period is adjusted for the effects of all dilutive potential equity shares.

m. Cash and Bank Balances

In the cash flow statement, cash and Bank balances includes cash in hand, term deposit
with banks and other short-term highly liquid investments with original maturities of three
months or less.

32. Segment Information as per Accounting Standard -17

AS-17 requires disclosure of amount of revenues from each business segment that amounts to 10
percent or more of its revenues of the total segments. The company is operating in two segment
i.e. trading business and consultancy business. However, during the current year as well as in the
preceeding financial year since revenue from trading business is less than 10 percent of the Total
revenue, hence separate reporting of revenue and expenses is not disclosed as per provisions of
the applicable accounting standards.

Also, Assets and result (profit/loss) from trading business in current year as well as in preceeding
financial year does not exceed the threshold of 10% of total assets or profit/loss, hence Trading
business is not considered as Reportable Segment under AS-17 and hence Segment reporting is
not presented.

Since, Trading business qualified as a Reportable segment in FY 2020-21, as a result segment
reporting was also presented for FY 2021-22. However, the Trading business did not qualified as a
reportable segment in FY 2021-22 due to threshold of 10% of assets/revenue/result as per AS-17.

34. Necessary Confirmation letters have been sent to parties falling under accounts
receivables, trade payables short term and long term current asset and liabilities, where
confirmations have not been received, it has been assumed that book figure is the correct
balance.

35. The figures of previous year have been rearranged /regrouped, wherever considered
necessary.

For APV & Associates For Trident Techlabs Limited

Chartered Accountants (formerly known as Trident Techlabs Private Limited)

FRN:0123143W

Sd/- Sd/- Sd/-

CA. Vikesh Bansal Sukesh Chandra Naithani Praveen Kapoor

Partner (WTD, CEO) (Director)

Membership No. 096225 DIN: 00034578 DIN: 00037328

UDIN: 25096225BMJFPD7886
Place: New Delhi
Date: 30/05/2024