k) Provisions, Contingent liabilities, Contingent assets:

Provisions are recognised when the Company has a present obligation (legal or constructive) 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 a reliable estimate can be made
of the amount of the obligation. The expense relating to a provision is presented in the statement of profit and loss. Provisions are not
discounted to its present value and are determined based on the best estimate required to settle the obligation at the balance sheet
date.

Contingent liability is disclosed in the case of:

Ý A present obligation arising from past events, when it is not probable that an outflow of resources will be required to settle the
obligation;

Ý A present obligation arising from past events, when no reliable estimate is possible;

Ý A present obligation arising from past events, unless the probability of outflow of resources is remote.

Commitments include the amount of purchase order (net of advances) issued to parties for completion of assets.

Contingent assets are disclosed where an inflow of economic benefits is probable. Contingent assets are not recognised in the
standalone financial statements.

Provisions, contingent liabilities, contingent assets and commitments are reviewed at each balance sheet date.

l) Employee Benefits

(i) Defined Contribution Plans: Retirement benefit in the form of provident fund, pension fund and superannuation fund are defined
contribution schemes. The Company has no obligation, other than the contribution payable to such schemes. The Company recognises
contribution payable to such schemes as an expense, when an employee renders the related service. If the contribution payable to the
schemes for service received before the balance sheet date exceeds the contribution already paid, the deficit payable to the schemes is
recognised as a liability after deducting the contribution already paid. If the contribution already paid exceeds the contribution due for
services received before the balance sheet date, then excess is recognised as an asset to the extent that the pre-payment will lead to, for
example, a reduction in future payment or a cash refund.

(ii) Defined Benefits Plans: The Company operates a defined benefit gratuity plan. The cost of providing benefits under the defined
benefit plan is determined on the basis of actuarial valuation. Remeasurements, comprising of actuarial gains and losses and the
return on plan assets (excluding amounts included in net interest on the net defined benefit liability), are recognised immediately in
the balance sheet with a corresponding debit or credit to retained earnings through OCI in the period in which they occur.
Remeasurements are not reclassified to profit or loss in subsequent periods. Net interest is calculated by applying the discount rate to
the net defined benefit liability or asset. The liability for gratuity is unfunded and is actuarially determined at the end of the reporting
period.

The Company recognises the following changes in the net defined benefit obligation as an expense in the statement of profit and
loss:

Ý Service costs comprising current service costs; and Net interest expense or income

Short-term employee benefits: All employee benefits which are due within twelve months of rendering the services are classified as
short-term employee benefits. Benefits such as salaries, wages, and short term compensated absences, etc. and the expected cost of
bonus, ex-gratia is recognised in the period in which the employee renders the related service. All short-term employee benefits are
accounted on undiscounted basis during the accounting period based on services rendered by employees.

m) Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of
another entity.

Financial assets

Financial assets are initially recognised when the Company becomes a party to the contractual provisions of the instrument. All
financial assets other than those measured subsequently at fair value through profit and loss, are recognised initially at fair value plus
transaction costs that are attributable to the acquisition of the financial asset. However, trade receivables are measured at transaction
price.

Subsequent measurement is determined with reference to the classification of the respective financial assets. Based on the business
model for managing the financial assets and the contractual cash flow characteristics of the financial asset, the Company classifies
financial assets as subsequently measured at amortised cost, fair value through OCI or fair value through profit and loss.

Derecognition

When the Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received
cash flows in full without material delay to a third party under a 'pass-through' arrangement; it evaluates if and to what extent it has
retained the risks and rewards of ownership.

A financial asset (or, where applicable, a part of a financial asset or part of a Company of similar financial assets) is primarily
derecognised when:

• The rights to receive cash flows from the asset have expired, or

• Based on above evaluation, either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the
Company has neither transferred nor retained substantially all the risks and rewards of the asset but has transferred control of the asset.

Financial Liabilities

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings,
payables, as appropriate.

The Company's financial liabilities include trade and other payables, Lease liability & borrowings.

Financial liabilities at amortised cost (Lease Liability, borrowings & trade Payable) - Financial Liabilities are carried at amortised cost
using the effective interest method.

Derecognition

A financial liability (or a part of a financial liability) is derecognised from the Company's balance sheet when the obligation specified in
the contract is discharged or cancelled or expires. Any gains or losses arising on derecognition of liabilities are recognised in the
standalone statement of profit and loss.

n) Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss after tax for the period attributable to equity shareholders by
the weighted average number of equity shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and
other financing costs associated with dilutive potential equity shares and the weighted average number of additional equity shares
that would have been outstanding assuming the conversion of all dilutive potential equity shares.

o) Statement of Cash Flows

Statement of Cash Flows are reported using the indirect method, whereby the net profit before tax is adjusted for the effects of
transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income
or expenses associated with investing or financing cash flows. The Statement of Cash Flows from operating, investing and financing
activities of the Company are segregated.

p) Foreign Currency Transactions

Transactions in foreign currencies are recorded at the rate of exchange prevailing on the date of transaction.

q) Fair value measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset
or transfer the liability takes place either:

• In the principal market for the asset or liability, or

• In the absence of a principal market, in the most advantageous market for the asset or liability
The principal or the most advantageous market must be accessible by the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or
liability, assuming that market participants act in their economic best interest.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to
measure fair value, maximizing the use of relevant observable inputs and minimising the use of unobservable inputs. For financial
assets and liabilities maturing within one year from the Balance Sheet date and which are not carried at fair value, the carrying
amounts approximate fair value due to the short maturity of these instruments.

The fair value of investment property has been determined by on the basis of valuation carried out at the reporting date by registered
valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017. The main inputs considered by the valuer
are government rates, property location, market research & trends, contracted rentals, terminal yields, discount rates and comparable
values, as appropriate. These properties are recorded using the cost model in accordance with Ind AS 40 - Investment Property.

2.3 Significant accounting judgements, estimates and assumptions

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the
reported amounts of revenues, expenses, assets and liabilities. Although, these estimates are based on the Management best
knowledge of current events and actions, Uncertainty about these assumptions and estimates could result in outcomes that require a
material adjustment to the carrying amount of assets or liabilities affected in future periods.

a) Provisions and contingent liabilities

The timing of recognition and quantification of the provisions, contingent liabilities / assets require the application of judgement to
existing facts and circumstances which are subject to change on the actual occurrence or happening. Judgement is required for
estimating the possible outflow of resources, if any, in respect of contingencies / claims / litigations against the Company and possible
inflow of resources in respect of the claims made by the Company which has been considered to be contingent in nature. These are
reviewed at each balance sheet date and adjusted to reflect the current best estimates.

b) Defined benefit plans (gratuity benefits)

The company's retirement benefit obligations, cost of the defined benefit gratuity plan and the present value of the gratuity
obligation are determined using actuarial valuations. An actuarial valuation involves making various assumptions that may differ from
actual developments in the future. These include the determination of the discount rate, inflation, future salary increments and
mortality rates. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly
sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date.

c) Deferred tax recognition

Deferred tax asset (DTA) is recognized only when and to the extent there is convincing evidence that the Company will have sufficient
taxable profits in future against which such assets can be utilized. Significant management judgment is required to determine the
amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future taxable profits together
with future tax planning strategies, recent business performance and developments.

d) Impairment of Financial assets

The measurement of impairment losses of financial assets requires judgement, in particular, the estimation of the amount and timing
of future cash flows and collateral values when determining impairment losses and the assessment of a significant increase in credit
risk. These estimates will be reviewed and updated periodically, and a provision matrix will be developed and refined as more internal
credit loss data becomes available. These estimates are driven by a number of factors, changes in which can result in different levels of
allowances.

Nature and Description of Reserves
Securities premium

The amount received in excess of the face value of share capital issued and subscribed is recognised in securities premium. The
reserve can be utilised only for limited purposes in accordance with the provisions of the Companies Act, 2013.

Retained earnings-

Retained earnings represents the surplus in the statement of profit and loss and net amount of appropriations made to / from
retained earnings.

Remeasurement of defined benefit liability

Remeasurement comprises of gains and losses resulting from experience adjustments and changes in actuarial assumptions.
These are recognised directly in other comprehensive income during the period in which they occur and are presented separately
under other Equity.

44) FINANCIAL RISK MANAGEMENT

Company's financial risk management is an integral part of how to plan and execute its business strategies. The Company's financial
risk management policy is set by the Managing Board.

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change in the price of a financial
instrument.

The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates, equity
prices and other market changes that affect market risk sensitive instruments.

Market risk is attributable to all market risk sensitive financial instruments including investments and deposits, foreign currency
receivables, payables and loans and borrowings.

(i) Credit risk

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. To manage this, the
Company periodically assesses the financial reliability of customers, taking into account the financial condition, current economic
trends, and analysis of historical bad debts and ageing of accounts receivable. Individual risk limits are set accordingly.

It considers available reasonable and supportive forwarding-looking information such as :

(ii) Capital management

For the purposes of the Company's Capital Management, capital includes issued capital and all other equity reserves.

The primary objective of the Company's Capital Management is to maximise shareholder value. The company manages its capital
structure and makes adjustments in the light of changes in economic environment and the requirements of the financial
covenants.The company does not have gearing as its cash and reserves are substantial to cover up borrowings.

51 Segment Reporting
(a) Operating Segments

i) Basis of segmentation

Segment information is presented in respect of the Company's key operating segments. The operating segments are based on the
Company's management and internal reporting structure. The management identifies primary segments based on the dominant
source, nature of risks and returns and the internal organization and management structure. The operating segments are the
segments for which separate financial information is available and for which operating profit/loss amounts are evaluated regularly. All
operating segments' operating results are reviewed regularly by the Board of Directors to make decisions about resources to be
allocated to the segments and assess their performance.

ii) Information about reportable Segments

Segment assets, segment liabilities and segment profit and loss are measured in the same way as in the financial statements:

Revenue and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly
identifiable to each reporting segment have been allocated on the basis of associated revenue/Gross Profit of the segment. Assets and
liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and
liabilities are disclosed as unallocable.

52. Other statutory information

Additional Information Disclosure Pursuant to Schedule III of Companies Act, 2013 as per MCA notification dated March 24, 2021

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for
holding any Benami property.

(ii) The Company does not have any transactions with companies struck off.

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period,

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

(v) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(vi) The Company have 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 whatsoever 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,

(vii) The Company have 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

(viii) The company has not been declared as willful defaulter by any bank or financial institution or government or any government
authority.

(ix) The Company does not have any layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on
number of Layers) Rules, 2017.

(x) The company has not entered any scheme of arrangement during the year.

(xi) The company has not availed any borrowings from banks and financial institutions on the basis of security of current assets.

(xii) There are no significant subsequent events that would require adjustments or disclosure in the financial statements as on the
balance sheet date.

The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post employment benefits received
Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will
come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company will assess the impact
of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.