11. Provisions and Contingent Liabilities

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that is reasonably
estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation.
Provisions are determined by the best estimate of the likely future outflow of economic benefits required to settle
the obligation at the reporting date.

Where no reliable estimate can be made, a disclosure is made as contingent liability. A disclosure for a contingent
liability is also made when there is a possible obligation or a present obligation that may, but probably will not,
require an outflow of resources. Where there is a possible obligation or a present obligation in respect of which
the likelihood of outflow of resources is remote, no provision or disclosure is made.

12. Cash & Cash Equivalents

Cash and cash equivalents comprises of cash and deposit with banks. The Company considers all highly liquid
investments with a remaining maturity at the date of purchase of twelve months or less and that are readily
convertible to known amounts of cash to be cash equivalents.

13. Segment Reporting

The Company is operating under a single segment , hence segment reporting is not applicable.

14. Investments

Investments are classified into Non-Current Investments and Current Investments. Non-Current Investments are
valued at cost less permanent diminution in the value thereof, if any. Current Investments are valued at lower of
the cost or market value.

(i)Rights, Preferences and Restrictions regarding each class of shares:

The Company has one class of equity share having a face value of Rs. 10/- per share. Each shareholder is
eligible for one vote per share held.

The Company has not declared dividend for the current year. However, in case of declaration of dividend,
the distribution will be in proportion to the number of equity shares held by the shareholders.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of
the remaining assets of the company, after distribution of all preferential amounts. However, no such
preferential amounts exist currently. The distribution will be in proportion to the number of equity shares
held by the shareholders.

*The Board of Directors of the company has approved the Preferential allotment of 6,40,000 (Six Lakh Forty
Thousand) equity shares of face value of Rs. 10/- each fully paid-up at a price of Rs, 576/- per equity share
(including premium of Rs.566 /- per equity share), aggregating to Rs. 36,86,40,000/- on December 12, 2024.
The Board of Directors of the company has approved the lsue of 7,00,000 (Seven Lakhs) warrants of face value
of Rs. 10/- each at a price of Rs. 576/- per warrant (including premium of Rs 566/- per warrant) which will be
converted into equivalent number of equity shares upon conversion, aggregating to Rs. 40,32,00,000/- (25%
of the issue price payable on issue of warrants & balance on excersise of option). Of which 120,000 warrants
have being exercised and converted to the extent of 120,000 equity shares.

* Weighted Average No.of Equity Shares have been calculated after taking into consideration the Fresh
Issue(Preferential Issue) made on 12th December 2024 and Conversion of Warrants into Equity Shares made
in the current year.

* Weighted Average No.of Equity Shares have been calculated after taking into consideration the Fresh Issue
made on 12th December 2023 ,Bonus Issue made in the Ratio 2:1 on May 18, 2023 and Fresh Issue of Equity
Shares made through Private Placement and IPO in the previous year.

The above information regarding Micro, Small and Medium Enterprises have been determined to the extent such
parties have been identified on the basis of the information available with the Company.

This has been relied by the auditors.

NOTE 31- BENAMI PROPERTY PROCEEDINGS UNDER BENAMI TRANSACTION (PROHIBITION) ACT, 1988 (45 OF
1988)

No Proceedings have been initiated against the Company under the Benami Transaction (Prohibition) Act, 1988.

NOTE 32- WILFUL DEFAULTER

Company is not a wilful defaulter

NOTE 33- RELATIONSHIP WITH STRUCK OFF COMPANIES

The Company has not enetered into any transactions with any Companies struck off under section 248 of the
Companies Act, 2013.

Note:

1. The Current Ratio has increased, due to increase in Trade Receivables in the current year.

2. The Debt-Equity Ratio has increased, due to increase in Debts in the current year.

3. Interest Coverage Ratio has increased, on account of increase in EBIT in the current year.

4. Return of Equity Ratio has increased, due to increase in Net Profit in the current year.

5. Trade Receivable Turnover Ratio has decreased, due to lower proportionate increase in Credit Sales as compared
to increase in Trade Receivables in the current year.

6. Trade Payable Turnover Ratio has increased, due to increase in Credit Purchases in the current year.

7. Net Working Capital Turnover Ratio has decreased, due to lower proportionate increase in Net Sales as compared
to increase in Working Capital in the current year.

8. Net Profit Ratio has increased, due to increase in Net Profits in the current year.

9. Return on Capital Employed has increased, due to increase in EBIT in the current year.

10. Return of Investment Ratio has increased, due to increase in Net Profit in the current year.

Contingent Liabilities:

The Company has certain pending litigations with tax authorities, which have not been acknowledged as
debts. These represent contingent liabilities based on legal advice and management’s evaluation. The
details of such disputed tax demands are as follows:

S J Logistics (India) Limited has disputed income tax liabilities under regular assessment for the Assessment
Year 2021-22 amounting to ?17.76 lakhs. These demands are currently under appeal and no provision has
been made in the books, as the likelihood of liability crystallizing is considered uncertain.

NOTE 37- PREVIOUS YEAR’S FIGURES

Previous year’s figures are regrouped, rearranged and reclassified wherever necessary to correspond the
current year’s classification/ disclosures.

As per report of even date

For and on behalf of For and on behalf of Board of Directors of

MYSP & Associates LLP S J Logistics (India) Limited

Chartered Accountants
Firm Reg No. 116455W/ W100091

Sd/-_ Sd/-_ Sd/_-_ Sd/-_

CA Mahesh Madkholkar Mr. Jeet Shah Mr. Kulshekhar Kumar Mr. Parth Raval

Partner Director & CFO Director Company Secretary

Membership No. 045305 DIN: 06948326 DIN: 10302488 Membership No. A74072

Place: Thane

Date: 27th May, 2025

UDIN: 25045305BMKUTQ3170