11. Provisions, Contingent liabilities and Contingent
Assets

A provision is recognised when the Company has
a present obligation as a result of past event and
it is probable that an outflow of resources will be
required to settle the obligation, in respect of which
reliable estimate can be made. Provisions (excluding
retirement benefits) are not discounted to its present
value and are determined based on best estimate
required to settle the obligation at the balance sheet
date. These are reviewed at each balance sheet date
and adjusted to reflect the current best estimates.
Contingent liabilities are disclosed in the Notes.
Contingent assets are not recognised in the financial
statements.

2(d) Rights, preferences and restrictions attached to each class of shares:

Equity Shares - The Company has one class of equity shares having a par value of Rs. 10/- each per share. Each shareholder
is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the
shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation,
the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential
amounts, in proportion to their shareholding.

2(e) During the financial year ended March 31, 2025, the Company allotted bonus equity shares in the ratio of 1:1, i.e., one
fully paid-up equity share for every one fully paid-up equity share held as on the record date. The bonus shares were
issued by capitalizing a portion of the Securities Premium Reserve, pursuant to the approval of the shareholders/board.

As a result of the bonus issue:

The issued, subscribed, and paid-up equity share capital of the Company increased from ^ 433 Crores to ^ 866 Crores.
There was no change in the total shareholders' funds, as the bonus issue involved a transfer from reserves to share capital.

The bonus shares rank pari passu in all respects with the existing equity shares.

2(f) The Company has neither issued any shares for consideration other than cash nor has there been any buyback of shares
during the five years immediately preceeding March 31, 2025.

3(a) Nature & Purpose of Reserves

(i) Securities premium reserve

Securities premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the
provisions of the Companies Act, 2013.

(ii) General reserve

General reserve is created from time to time by way of transfer of profits from retained earnings for appropriation
purpose. This reserve is a distributable reserve.

(iii) Surplus/(deficit) in the statement of profit and loss

Retained earnings pertain to the accumulated earnings / (losses) made by the Company over the years.

7 (a) Cash credit from bank is sanctioned under CGTMSE Shceme & secured by;

(i) charge over the book debts, unencumbered movable fixed assets & partly by Govt Guarantee;

(ii) personal guarantee of Shri Suresh Sharma, Sheela Sharma & Vikas Sharma

(iii) The rate of interest on cash credit from Axis Bank is REPO RATE 4.25% i.e. 10.75% p.a. as at March 31, 2025).

(iv) The rate of interest on cash credit from AU Small Finance Bank is REPO RATE 4.00% i.e. 10.50% p.a. as at March 31,
2025).

7 (b) Loan from related party amounting Rs. 125.11 lakh is interest free and it is repayable on demand.
(March 31, 2024: Loan from related party amounting Rs. 52.60 lakh is interest free and it is repayable on demand.)

(v) There is Nil Intangible assets under development.

(vi) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond
the statutory period.

(vii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(viii) The Company does not have 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.

(ix) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

(x) The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(xi) Book Debts statements submitted to banks are in agreement with book of accounts where borrowings have been availed

based on security of current asstes except for deductions.

(xii) There are no transactions or outstanding balances with struck off companies as at and for the years ended 31 March 2025
and 31 March 2024.

(xiii) The company has not advanced or loaned or invested funds nor received funds with the understanding that the same shall
be lent / received to/from any other entity.

(xv) There is no scheme of arrangement approved in the case of company by the compotent authority in terms of sec 230 to
237 of the Companies Act, 2013.

Note 27 The figures for the previous year have been regrouped/ rearranged wherever necessary to conform to the current
year's classification in order to comply with the requirements of the amended schedule III to the Companies Act, 2013.

This is a summary of significant accounting policies and other explanatory information referred to in our report of even date

For M/s B Shroff & Co. For and on behalf of the Board of Directors

Chartered Accountants
Firm Reg. No. 006514W

Sd/- Sd/-

Sd/- Kamlesh Sharma Amol Tirale

CA Manan Agrawal Managing Director CFO

Partner DIN: 1845899

M.No.418874

UDIN - 25418874BMNWWZ2817

Place: Nagpur
Date : 27-05-2025