2.11 Provisions, Contingent Liabilities and Contingent Assets

A provision is recognised when the Company has a
present legal or constructive obligation as a result
of a past event, and it is probable that an outflow
of economic benefits will be required to settle the
obligation and a reliable estimate can be made of the
amount of the obligation.

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 either the outflow of resources is not
probable or the amount cannot be reliably estimated.

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

Costs and expenses are recognised when incurred and
have been classified according to their nature.

2.12 Income Taxes

Income tax comprises of current tax and deferred tax.

a. Current Tax

Current income tax for the current and prior
periods are measured at the amount expected to be
recovered from or paid to the taxation authorities
based on the taxable profit for the period. The tax
rates and tax laws used to compute the amount
are those that are enacted by the reporting date
and applicable for the period. The Company offsets
current tax assets and current tax liabilities where
it has a legally enforceable right to set off the
recognised amounts and where it intends either
to settle on a net basis, or to realise the asset and
liability simultaneously.

b. Deferred tax

Deferred tax is recognised on temporary differences
between the carrying amounts of assets and
liabilities in the Balance Sheet and their tax bases.
Deferred tax liabilities are recognised for all taxable
temporary differences. Deferred tax assets are
recognised for all deductible temporary differences
and incurred tax losses to the extent that it is
probable that taxable profits will be available against
which those deductible temporary differences can
be utilised. Such deferred tax assets and liabilities
are not recognised if the temporary difference
arises from the initial recognition (other than in a
business combination) of assets and liabilities in
a transaction that affects neither the taxable profit
nor the accounting profit.

Deferred tax liabilities and assets are measured
at the tax rates that are expected to apply in the
period in which the liability is settled or the asset
realised, based on tax rates (and tax laws) that

have been enacted or substantively enacted by the
end of the reporting period.

The carrying amount of deferred income tax
assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable
that sufficient taxable profit will be available to
allow all or part of the deferred income tax asset
to be utilised.

The Company recognises deferred tax liabilities
for all taxable temporary differences except those
associated with the investments in subsidiaries
where the timing of the reversal of the temporary
difference can be controlled and it is probable that
the temporary difference will not reverse in the
foreseeable future.

2.13 Foreign currency Transactions

(a) Functional and presentation currency: Items
included in the financial statements are measured
using the currency of the primary economic
environment in which the entity operates (''the
functional currency''). The financial statements
are presented in Indian rupee (INR), which is the
Company''s functional and presentation currency.

(b) Transactions and balances: On initial recognition,
all foreign currency transactions are recorded
by applying to the foreign currency amount, the
exchange rate between the functional currency and
the foreign currency at the date of the transaction.
Gains/Losses arising out of fluctuation in foreign
exchange rate between the transaction date and
settlement date are recognised in the Statement of
profit and loss. All monetary assets and liabilities
in foreign currencies are restated at the year end
at the exchange rate prevailing at the year end and
the exchange differences are recognised in the
Statement of profit and loss. Non-monetary items
that are measured in terms of historical cost in a
foreign currency are translated using the exchange
rates at the dates of the initial transactions.

3 CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES(i) New standards and amendments issued but not
effective

During the year, the Ministry of Corporate Affairs
("MCA") notified amendments to various Indian
Accounting Standards through the Companies

Notes for changes in current year

* On 30 April, 2025, the Company invested in 8,93,334 equity shares of Bizdent Devices Private Limited having a face value
of INR 10 each, issued at a premium of INR 458 per share, aggregating to a total investment amount of INR 409.15 million.

** On 24 April, 2025, the Company invested in 10,000 equity shares of Laxmi Dental Lab USA, INC having a face value of
USD 100 each, amounting to INR 85.70 million.

*** On 18 September, 2025, the Company invested INR 13.72 million in 11,175 equity shares and INR 6.29 million in 5,123
Compulsorily Convertible Preference Shares (CCPS) of IDBG AI Dent Global Private Limited, each having a face value of
INR 10 and issued at a premium of INR 1,217.5 per share.

7.1 Investment in Joint Venture(a) Kids-e Dental LLP is a separate structure entity incorporated and operating in India.

The contractual arrangements provides the Company with the right to take material decision jointly along with one
of the designated partner of the LLP. Under the Ind AS 111, this joint arrangement is classified as a joint venture.

Notes:

1 In line with Circular No 04/2015 issued by Ministry of Corporate Affairs dated 10 March, 2015, loans given to employees
as per the Company''s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies Act,
2013.

2 There are no loans or advances in the nature of loans granted to Promoters, Directors, KMPs and their related parties (as
defined under Companies Act, 2013), either severally or jointly with any other person, that are:

(a) repayable on demand; or (b) without specifying any terms or period of repayment.

3 There are no loans which have significant increase in credit risk and which are credit impaired.

a) During the previous year, the Company issued shares against the Share Swap Agreement with NCI''s
shareholder of Bizdent Devices Private Limited, issuing 1,146 equity shares with a face value of INR 10
each.

b) During the previous year, pursuant to resolution passed by the Board of Directors at their meeting dated
04 June, 2024, and the Shareholders at their EGM dated 07 June, 2024, the share capital of Company was
split from 3,09,060 equity shares of face value of INR10 each to 15,45,300 Equity Shares of face value of
INR 2 each.

c) During the previous year, The Board of Directors approved the issuance of bonus equity shares, which was
subsequently approved by the shareholders in the meeting held on 07 June, 2024. The bonus issue was in
the ratio of 17 equity share of INR 2 for every 1 equity shares of INR 2, by capitalising the free reserves of
the Company. A total of 2,62,70,100 bonus shares were issued (Face Value of INR 2 each).

d) During the previous year, the Company issued fresh issue of equity shares 32,24,299 with a face value of
INR 2 each. (For IPO proceeds utilisation refer note 49)

(ii) Rights, preferences and restrictions attached to the equity shares:

The Company has only one class of equity shares having par value of INR 2 per share. Each shareholder is entitled
to one vote per share held. The Company declares and pays dividends in Indian rupees. The dividend proposed by the
Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

During the year ended 31 March, 2026, the amount of per share dividend recognised as distributions to equity
shareholders was Nil (previous year: Nil).

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets
of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of
equity shares held by the shareholders.

* Mr. Sameer Merchant, Promoter of the Company had purchased 17,179 equity shares on 30 March, 2026, however
the same was not reflected on 31 March, 2026 statement because of T 1 Settlement cycle.

Note:

As per records of the Company, including its register of shareholders/ members and other declarations received from
shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships
of shares.

(iv) The Company has not issued any bonus shares or shares for consideration other than cash during the five years
immediately preceding the reporting date, except that the Board of Directors approved the issue of bonus equity
shares, which was subsequently approved by the shareholders at their meeting held on 07 June, 2024. The bonus
issue was in the ratio of 17 equity shares of INR 2 each for every 1 equity share of INR 2 each, by capitalisation of the
free reserves of the Company.

(v) The Company has not bought back any shares during the period of five years immediately preceding the current year
end.

(vi) Details of Shares held by promoters at the end of the year :

(ii) Rights, preferences and restrictions attached to the preference shares:

Each shareholder is eligible to vote in the ratio of their shareholding. The holders of CCPS shall be entitled to
vote on all such matters which affect their rights directly or indirectly.

The Investor Shares shall rank senior to the preference shares and other instruments that are outstanding and
which may be issued by the Company from time to time in all respects including but not limited to voting rights,
dividends and liquidation/ liquidity preference and bonus issuances. The holders of Series A CCPS shall be
entitled to all superior rights or other rights that may be given to any other investor, if any, in the future.

The Series A CCPS shall carry a pre-determined cumulative dividend rate of 0.0001% (zero point zero zero zero
one percent) per annum. In addition to the same, if the holders of Equity Shares are paid dividend in excess of
0.0001% (zero point zero zero zero one percent) per annum, the holders of the Series A CCPS shall be entitled
to dividend at such higher rate.

The holder of the Series A CCPS shall have the right to be first paid, in priority to the other Shareholders and all
other classes of preference shareholders, any declared but accrued and unpaid dividends.

The holders of Investor CCPS shall, at any time prior to 19 (nineteen) years from the date of issuance of the same,
be entitled to call upon the Company to convert all or any of the Investor CCPS and if not converted earlier, shall
automatically convert into Equity Shares at the fixed conversion rate (1:0.9147), (i) on latest permissible date
prior to the issue of Shares to the public in connection with the occurrence of a Public Offer under Applicable
Law, or (ii) on the day following the completion of 19 (nineteen) years from the date of issuance of the same.

19 LEASES

The Company has lease contracts for office premises used in its operations. Lease terms generally ranges between 1 and
5 years.

The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease
if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

The Company also has certain lease of Property with lease term upto 12 months (Short Term Leases) hence the Company
applies the recognition exemption related to short term leases for these leases.

F Performance Obligation :

The majority of the Company''s revenue is derived from setting goods with revenue recognised at a point in time when
control of the goods has transferred to the customer.This is generally when the goods are delivered to the customer.
However, for export sates, control might also be transferred when delivered either to the port of departure or port
of arrival, depending on the specific terms of the contract with a customer. There is limited judgement needed in
identifying the point control passes: once physical delivery of the products to the agreed location has occurred, the
Company no longer has physical possession, usually witt have a present right to payment (as a single payment on
delivery) and retains none of the significant risks and rewards of the goods in question.

35.1 During the previous year, On 07 May, 2024 the Company sold one of its Investment properties Gala No. 105, 106 & 107,
Shreyas Building, Survey No. 41, Off Link road, Oshiwara, Andheri(W), Maharashtra, 400053 to Siddhi Leela Properties
at the sale consideration of INR 101 million. The book value of the aforesaid Property as on the date of sale was INR
7.10 million. The Company accounted for difference between the sale consideration and book value as gain on sale of
Investment property INR 93.90 million. The Tax arising on account of the transaction was INR 23.64 million. The Company
has disclosed the gain on account of this transaction (net of tax) amounting to INR 70.27 million as an exceptional gain.

35.2 Effective 21 November, 2025, the Government of India consolidated 29 existing labour regulations into four Labour
codes, namely, The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and the
Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the ''New Labour Codes''. The
New Labour Codes has resulted in material increase in provision for gratuity expenses on account of recognition of past
service costs. Based on the requirements of New Labour Codes and relevant Accounting Standard, the Company has
assessed and accounted the estimated incremental impact of INR 51.56 million as an Exceptional Item in the standalone
financial statements for the year ended 31 March, 2026. Upon notification of the related Rules to the New Labour Codes
by the Government and any further clarification from the Government on other aspects of the New Labour Codes, the
Company will evaluate and account for additional impact if any, in subsequent periods.

During the previous year, unabsorbed depreciation at the beginning of the year amounted to INR 58.55 million has been
bifurcated based on the utilisation between normal income and exceptional income as referred in note no.35.1

During the year ended 31 March, 2025, the Company has opted to avail benefit of section 115BAA and the corresponding
revision has been considered in the current tax and deferred tax accordingly.

37 EARNINGS PER SHARE (EPS)

Basic/Diluted earnings per share amounts are calculated by dividing the profit for the year attributable to equity holders
by the weighted average number of equity shares outstanding during the year.

Note :

1 Refer Note 17 A(i) (a),(b)and (c), regarding details of Split of equity shares, issue of Bonus Shares and Private
Placement. Effect of same has been considered while calculating the Weighted Average Number of equity shares.

2 On 07 June, 2024, the Board of Directors approved the sub-division of each equity share of face value INR 10 fully paid
up into 5 equity shares of face value INR 2 fully paid up. Consequently, the number of equity shares has increased
from 309,060 shares of face value INR 10 each to 1,545,300 shares of face value INR 2 each.

3 Further, the Board of Directors, in their meeting held on 07 June, 2024, approved the issue of bonus equity shares in
the ratio of 1 equity share of INR 2 each for every 17 equity shares of INR 2 each by capitalisation of the free reserves
of the Company. As a result, 15,45,300 equity shares have been subdivided into 2,62,70,100 equity shares.

4 During the previous year, the Board of Directors and Shareholders of the Company has approved the Employee Stock
Option Plan 2024 (''''ESOP 2024") for the employees of the Company and its subsidiary companies comprising of equity
shares of the Company, not exceeding 5,00,000 equity shares of face value of INR 2/- each. The Company has granted
3,51,672 equity shares of face value of INR 2/- each on 14 December, 2024 to its eligible employees. Effect of same
has been considered while calculating the Dilutive effect of Weighted average Number of equity shares.

5 Subsequently, 44,788 stock options granted under ESOP 2024 were forfeited due to cessation of employment and/
or non-fulfilment of vesting conditions/surrender by employees. The effect of such forfeiture has been appropriately
considered in the financial statements.

38 EMPLOYEE BENEFITS OBLIGATIONS(I) Defined contributions plans - provident fund and others

The Company operates defined contribution plans such as the Employees'' Provident Fund (EPF) in accordance with
the provisions of the Employees'' Provident Funds and Miscellaneous Provisions Act, 1952. Under these schemes, the
Company is required to contribute a specified percentage of payroll costs to the respective funds.

In accordance with Ind AS 19 Employee Benefits, contributions to defined contribution plans are recognised as an
expense in the Statement of Profit and Loss in the period in which the related employee services are rendered. The
Company has no further obligations beyond its contributions to such plans.

(II) Defined benefit plans
(A) Gratuity

The Company provides for gratuity benefit under a defined benefit retirement plan ("the Gratuity Scheme") in
accordance with the provisions of the Code on Social Security, 2020. The scheme covers eligible employees, and
the eligibility, benefit structure, and computation of gratuity are determined based on the provisions of the said
Code, including the definition of "wages" as prescribed therein.

The level of benefits provided depends on the employee''s length of service and last drawn eligible wages at the
time of separation.

In accordance with Ind AS 19 Employee Benefits, the gratuity obligation is recognised as a defined benefit
liability and is measured using the projected unit credit method at the end of each reporting period.

The scheme is funded in nature, and plan assets have been created.

The Company recognises actuarial gains and losses in Other Comprehensive Income in the period in which they
arise.

The sensitivity analysis have been determined based on reasonably possible changes of the respective
assumptions occurring at the end of the reporting period, while holding all other assumptions constant.

The sensitivity analysis presented above may not be representative of the actual change in the Defined Benefit
Obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of
the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the Defined Benefit Obligation
has been calculated using the projected unit credit method at the end of the reporting period, which is the
same method as applied in calculating the Defined Benefit Obligation as recognised in the balance sheet. The
sensitivity analysis presented above may not be representative of the actual change in the Defined Benefit
Obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of
the assumptions may be correlated.

There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior
years.

(iii) Compensated absences

The obligation for compensated absences as at year end amounts to INR 3.09 million (31 March, 2025: INR 6.90
million). The charge towards compensated absences for the year ended 31 March, 2026 based on actuarial valuation
is INR (3.85) million (31 March, 2025: INR 3.16 million).

Note:

1 Reimbursement of expenses in normal course of business have not been included herein above.

2 Sales of goods to related parties were made at the Company''s usual list prices, that prevail in arm''s length
transactions. Purchases were made at market prices. Outstanding balances at the year-end with related parties are
unsecured and interest free (other than loans at market rates) to be settled in cash in the next three months The
Company has not made any allowance for bad or doubtful debts in respect of related party trade receivables nor has
any guarantee been given or received during the year ended 31 March, 2026 and 31 March, 2025 relating to related
party transactions.

In the course of its business, the Company is exposed primarily to liquidity risk, interest rate fluctuation risk, credit risk
and foreign exchange fluctuation risk.

A Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its
financial liabilities that are proposed to be settled by delivering cash or other financial asset. The Company''s financial
planning has ensured, as far as possible, that there is sufficient liquidity to meet the liabilities whenever due, under
both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s
reputation. The Company has practiced financial diligence and syndicated adequate liquidity in all business scenarios.

B Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk
is the risk of changes in fair value of fixed interest bearing investments because of fluctuations in the interest rates.
Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate
because of fluctuations in the interest rates.

The Company manages its interest rate risk by having a balanced portfolio of fixed and variable rate loans and
borrowings.

C Credit risk

Credit risk arises from the possibility that customers may not be able to settle their obligations as agreed. Trade
receivables are typically unsecured and are derived from revenue earned from customers located in India. Credit risk
is managed through periodic assessment of the financial reliability of customers, taking into account the financial
condition, current economic trends, analysis of historical bad debts and ageing of trade receivables. Other financial
instruments that are subject to credit risk includes cash and cash equivalents, bank deposits, loans and security
deposits.

The Company uses Expected Credit Loss model to assess the impairment loss. The Company computes the
expected credit loss allowance as per simplified approach for trade receivables based on available external
and internal credit risk factors such as the ageing of its dues, market information about the customer and the
Company''s historical experience for customers. The Company has used a practical expedient by computing the
expected credit loss allowance for trade receivables based on a provision matrix. The provision matrix takes
into account historical credit loss experience and is based on the ageing of the receivable days and the rates as
given in the provision matrix.

ii) The credit risk on cash and cash equivalents and bank deposits is limited because the counterparties are banks
with high credit ratings.

The maximum exposure to credit risk is equal to the carrying value of the financial assets. The objective of
managing counterparty credit risk is to prevent losses in financial assets. The Company assesses the credit
quality of the counterparties, taking into account their financial position, past experience and other factors.

iii) The Company does a credibility check on the landlords before taking any property on lease and hasn''t had a
single instance of non-refund of security deposit on vacating the leased property. The Group also in some cases
ensure that the notice period rentals are adjusted against the security deposits and only differential, if any, is
paid out thereby further mitigating the non-realisation risk.

D Foreign currency risk

Foreign currency risk is the risk that the Fair Value or Future Cash Flows of an exposure will fluctuate because of
changes in foreign currency rates. Exposures can arise on account of the various assets and liabilities which are
denominated in currencies other than Indian Rupee. The following table shows in million, the US Dollar currency
exposure on financial instruments at the end of the reporting period.

For the purpose of the Company''s capital management, capital includes issued equity capital, securities premium and
all other equity reserves attributable to the equity holders. The primary objective of the Company''s capital management
is to maintain a strong capital base to ensure sustained growth in business and to maximize the shareholders value and
to ensure the Company''s ability to continue as a going concern. The capital management focuses to maintain an optimal
structure that balances growth and maximizes shareholder value.

The Company has not declared or paid any dividend to its shareholders during the year. The Company monitors its capital
structure through the gearing ratio, which represents total debt as a proportion of total capital (equity and debt). Total debt
comprises non-current borrowings representing the liability component of Convertible Preference Shares and current
borrowings from the Company''s ultimate holding company. The Company manages and adjusts its capital structure in
response to changes in economic conditions and the risk profile of the underlying assets, with the objective of maintaining
an optimal balance between debt and equity.

44 CORPORATE SOCIAL RESPONSIBILITY (CSR)

As per Section 135 of the Companies Act, 2013, during the year, Company is required to comply with the CSR requirements
which is formation of the CSR committee, identification of the CSR projects and funding such projects for at least two
percent of the average net profits of the Company made during the three immediately preceding financial years. The funds

45 SHARE BASED PAYMENTSEmployee share option plan (ESOP)

The shareholder of the Company have vide their special resolution dated 16 August, 2024 approved the Laxmi Dental
Employee Stock Option Scheme 2024 ("ESOP2024"/"Scheme")scheme authorizing the Board for granting Employee Stock
Options in form of equity shares linked to the completion of a minimum period of continued employment to the eligible
employees of the Company, monitored and supervised by the Board of Directors. The employees can purchase equity
shares by exercising the options as vested at the price specified in the plan.

1 The Company provided the ESOPs to the one of the subsidiary company i.e. Bizdent Devices Private Limited

2 The Company has received in-principle approvals from National Stock Exchange of India Limited and BSE
Limited vide their letters dated 08 April, 2026 and 10 April, 2026, respectively, for the listing of up to a maximum
of 500,000 equity shares of face value of INR 2/- each, proposed to be allotted under the ''''Laxmi Dental Stock
Option Scheme 2024"

iii. Utilisation of funds

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other
sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities
("Intermediaries") with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend
or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries).

The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company
shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company
("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

iv. Details of benami property held

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

v. Wilful Defaulter

The Company has not defaulted nor been declared wilful defaulter by any bank or financial institution or other lender.

vi. Quarterly Returns

The Company had availed loans from banks on the basis of security of current assets. The Company files statement
of current assets with the bank on periodical basis. Reconciliation of quarterly returns or statements of current
assets filed with banks or financial institutions.

The reason for reconciliation between quarterly returns or statements of current assets filed with banks are as
follows:

1) Inventories:

a. Adjustments arising from the application of sales cut-off procedures.

b. Provision for slow moving, non-moving.

2. ) Trade Receivables:

a. Loss allowance made for trade receivables.

b. Adjustments to trade receivables due to period-end cut-off procedures.

c. Remeasurement of balances due to foreign exchange rate fluctuations.

d. Offsetting advance from customers against trade receivables.

3. ) Trade Payables:

a. Offsetting advance to suppliers against trade payable.

Note : The Company has fully repaid such borrowings in February 2025. Accordingly, as at 31 March, 2026,
the Company does not have any borrowings secured against current assets. Hence, reporting requirements
relating to reconciliation of quarterly returns/statements of current assets filed with banks or financial
institutions are not applicable.

vii. Transaction with struck off companies

The Company has not entered into any transactions with companies struck off under Section 248 of the Companies
Act, 2013 or Section 560 of the Companies Act, 1956 during the year ended 31 March, 2026.

viii. Registration of charges or satisfaction with Registrar of Companies (ROC)

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

ix. Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017.

x. Compliance with approved Scheme(s) of Arrangements

The Company has not entered into any scheme of arrangements as approved by the competent authority in terms of
Section 230 to 237 of the Companies Act, 2013, thus, the disclosures relating to compliance with approved scheme
of arrangements is not applicable to the Company, other than as disclosed in note 50.

xi Undisclosed income

The Company does not have any undisclosed income which is not recorded in the books of account that has been
surrendered or disclosed as income during the year (previous year) in the tax assessments under the Income Tax Act,
1961.

xii Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

48 The Company has used accounting software for maintaining its books of account for the financial year ended
31 March, 2026, namely Zoho Books, which has a feature of recording audit trail (edit log) facility. The audit trail feature
was enabled and operated throughout the year for all relevant transactions recorded in the software, and the audit trail
has been preserved by the Company as per the statutory requirements.

49 During the year ended 31 March, 2025, the Company has completed an Initial Public Offer of 1,63,09,766 equity shares of
face value of INR 2/- each comprising of (i) fresh issue of 32,24,299 equity shares at an issue price of INR 428 per equity
share aggregating to INR1,380 million, and (ii) an offer for sale of 1,30,85,467 equity shares at an issue price of INR 428 per
equity share aggregating to INR 5,600.58 million and listed on both Bombay Stock Exchange Limited (BSE) and National
Stock Exchange (NSE) on 20 January, 2025. The Company has received gross proceeds from fresh issue of INR 1,380.00
million against which Company has incurred an estimated issue related expenses (net off tax) of INR 92.29 million.

Out of the net proceeds which were unutilised as at 31 March, 2026, INR 546.63 million are temporarily invested in fixed
deposits with banks.

The Company is in the process of obtaining an extension for the utilisation of the IPO proceeds in the subsequent period.

50 During the year ended 31 March, 2026, the Board of Directors approved the Scheme of Merger of Bizdent Devices Private
Limited, a wholly owned subsidiary, with the Company, Laxmi Dental Limited. The Scheme provides for merger of the
business of Bizdent Devices Private Limited, subject to receipt of requisite statutory and regulatory approvals. As the
Scheme is currently awaiting approval from the appropriate authorities, no effect of the proposed merger has been given
in these standalone financial statements.

2.12 Provisions and Expenses

A provision is recognized when the Company has a
present legal or constructive obligation as a result
of a past event, and it is probable that an outflow
of economic benefits will be required to settle the
obligation and a reliable estimate can be made of the
amount of the obligation.

Costs and expenses are recognized when incurred and
have been classified according to their nature.

2.13 Income Taxes

Income tax comprises of current tax and deferred tax.

a. Current Tax

Current income tax for the current and prior
periods are measured at the amount expected
to be recovered from or paid to the taxation
authorities based on the taxable profit for the
period. The tax rates and tax laws used to compute
the amount are those that are enacted by the
reporting date and applicable for the period. The
Company offsets current tax assets and current
tax liabilities where it has a legally enforceable
right to set off the recognized amounts and where
it intends either to settle on a net basis, or to
realize the asset and liability simultaneously.

b. Deferred tax

Deferred tax is recognized on temporary
differences between the carrying amounts
of assets and liabilities in the Balance Sheet
and their tax bases. Deferred tax liabilities are
recognized for all taxable temporary differences.
Deferred tax assets are recognized for all
deductible temporary differences and incurred
tax losses to the extent that it is probable that
taxable profits will be available against which
those deductible temporary differences can be
utilized. Such deferred tax assets and liabilities
are not recognized if the temporary difference
arises from the initial recognition (other than in a
business combination) of assets and liabilities in a
transaction that affects neither the taxable profit
nor the accounting profit.

Deferred tax liabilities and assets are measured
at the tax rates that are expected to apply in the
period in which the liability is settled or the asset
realized, based on tax rates (and tax laws) that
have been enacted or substantively enacted by the
end of the reporting period.

The carrying amount of deferred income tax
assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable
that sufficient taxable profit will be available to
allow all or part of the deferred income tax asset
to be utilized.

The Company recognizes deferred tax liabilities
for all taxable temporary differences except those
associated with the investments in subsidiaries
where the timing of the reversal of the temporary
difference can be controlled and it is probable that
the temporary difference will not reverse in the
foreseeable future.

2.14 Foreign currency Transactions

(a) Functional and presentation currency: Items
included in the financial statements are measured
using the currency of the primary economic
environment in which the entity operates (''the
functional currency''). The financial statements
are presented in Indian rupee (INR), which is the
Company''s functional and presentation currency.

(b) Transactions and balances: On initial recognition,
all foreign currency transactions are recorded
by applying to the foreign currency amount the
exchange rate between the functional currency and
the foreign currency at the date of the transaction.
Gains/Losses arising out of fluctuation in foreign
exchange rate between the transaction date and
settlement date are recognized in the Statement of
profit and loss. All monetary assets and liabilities
in foreign currencies are restated at the year end
at the exchange rate prevailing at the year end
and the exchange differences are recognized in
the Statement of profit and loss. Non-monetary
items that are measured in terms of historical
cost in a foreign currency are translated using
the exchange rates at the dates of the initial
transactions.

3 CHANGES IN ACCOUNTING POLICIES AND
DISCLOSURES

(i) New standards and amendments issued but not
effective

There are no such standards which are notified
but not yet effective, relevant to the Company.

6.1 The Entity''s investment properties consist of commercial properties in India given on lease for a period of 1-5 years.

6.2 The Entity has no restrictions on the realizability of its investment properties and no contractual obligations to purchase,
construct or develop investment properties or for repairs, maintenance and enhancements.

6.3 On May 07, 2024 the Company sold one of its Investment properties Gala No. 105, 106 & 107, Shreyas Building, Survey
No. 41, Off Link road, Oshiwara, Andheri(W), Maharashtra, 400053 to Siddhi Leela Properties at the sale consideration of
INR 101 Million. The book value of the aforesaid Property as on the date of sale was INR 7.10 Million (Net of Accumulated
Depreciation). The Company accounted for difference between the sale consideration and book value as gain on sale of
Investment property INR 93.90 Million. The Tax arising on account of the transaction was INR 23.64 Million. The Company
has disclosed the gain on account of this transaction (net of tax) amounting to INR 70.26 Million as an exceptional gain.

6.4 The fair value of investment property is INR Nil Million (refer 6.3 above) as at March 31, 2025 (March 31, 2024: INR
117.95 Million) as per valuations performed by external property valuers who holds a recognized and relevant professional
qualification and has recent experience in the location and category of the investment property being valued. The valuers
has followed market value approach and considers Value of similar structure at the same location and having similar
specifications including built up area.

Note:

1 In line with Circular No 04/2015 issued by Ministry of Corporate Affairs dated March 10, 2015, loans given to employees
as per the Company''s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies
Act, 2013.

2. There are no loans or advances in the nature of loans granted to Promoters, Directors, KMPs and their related
parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are:

(a) repayable on demand; or (b) without specifying any terms or period of repayment.

3 There are no loans which have significant increase in credit risk and which are credit impaired.18 Equity share capital

c) The Board of Directors approved the issuance of bonus equity shares, which was subsequently approved
by the shareholders in the meeting held on June 07, 2024. The bonus issue was in the ratio of 17 equity
share of INR 2 for every 1 equity shares of INR 2, by capitalizing the free reserves of the Company. A total
of 26,270,100 bonus shares were issued (Face Value of INR 2 each).

d) During the year, the Company issued fresh issue of equity shares 3,224,299 with a face value of INR 2 each.
(For IPO proceeds utilisation refer note 53)

(ii) Rights, preferences and restrictions attached to the equity shares:

The Company has only one class of equity shares having par value of INR 2 per share. Each shareholder is entitled
to one vote per share held. The Company declares and pays dividends in Indian rupees. The dividend proposed by
the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
During the year ended March 31, 2025, the amount of per share dividend recognized as distributions to equity
shareholders was Nil (previous year: Nil).

I n the event of liquidation of the Company the holders of equity shares will be entitled to receive remaining
assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the
number of equity shares held by the shareholders.

Note:

As per records of the Company, including its register of shareholders/ members and other declarations received
from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial
ownerships of shares.

(iv) The Company has not issued any bonus shares or shares for consideration other than cash during the period of
five years immediately preceding the reporting date except note 18A(i)

(v) The Company has not bought back any shares during the period of five years immediately preceding the current
year end.

(ii) Rights, preferences and restrictions attached to the preference shares:

Each shareholder is eligible to vote in the ratio of their shareholding. The holders of CCPS shall be entitled to
vote on all such matters which affect their rights directly or indirectly.

The Investor Shares shall rank senior to the preference shares and other instruments that are outstanding
and which may be issued by the Company from time to time in all respects including but not limited to voting
rights, dividends and liquidation/ liquidity preference and bonus issuances. The holders of Series A CCPS shall
be entitled to all superior rights or other rights that may be given to any other investor, if any in the future.

The Series A CCPS shall carry a pre-determined cumulative dividend rate of 0.0001% (zero point zero zero zero
one per cent) per annum. In addition to the same, if the holders of Equity Shares are paid dividend in excess of
0.0001% (zero point zero zero zero one per cent) per annum, the holders of the Series A CCPS shall be entitled
to dividend at such higher rate.

The holder of the Series A CCPS shall have the right to be first paid, in priority to the other Shareholders and all
other classes of preference shareholders, any declared but accrued and unpaid dividends.

The holders of Investor CCPS shall, at any time prior to 19 (nineteen) years from the date of issuance of the same,
be entitled to call upon the Company to convert all or any of the Investor CCPS and if not converted earlier, shall
automatically convert into Equity Shares at the fixed conversion rate (1:0.9147), (i) on latest permissible date
prior to the issue of Shares to the public in connection with the occurrence of a Public Offer under Applicable
Law, or (ii) on the day following the completion of 19 (nineteen) years from the date of issuance of the same.

20.3 Non-current Borrowings
a. Secured term loans

(i) Car loan from bank as on March 31, 2025 amounting to Nil (March 31, 2024: INR 0.76 Million) was taken Vehicle
Loan from ICICI bank limited. The loan is secured by hypothecation of the said vehicle.

(ii) Car loan from bank as on March 31, 2025 amounting to Nil (March 31, 2024: INR 1.83 Million) was taken Vehicle
Loan from ICICI bank limited. The loan is secured by hypothecation of the said vehicle.

(iii) Car loan from bank as on March 31, 2025 amounting to Nil (March 31, 2024: INR 0.89 Million) was taken Vehicle
Loan from ICICI bank limited. The loan is secured by hypothecation of the said vehicle.

(iv) Term loan from Financial Institutions as on March 31, 2025 amounting to Nil (March 31, 2024: INR 101.69
Million) was taken from Tata capital financial services limited which is secured against the following properties:

- Industrial gala No 202 and part of Industrial gala No 203 on second floor in the building known as Shreyas
Industrial Estate situated at Off link road, Andheri(west) Mumbai-400053 owned by Mr Parth

Rajesh Khakhar, Mr Kunal Kamlesh Merchant and Mrs. Bhavi Sameer Merchant.

- Part of Industrial gala No 203 on second floor in the building known as Shreyas Industrial Estate situated
at Off link road, Andheri(west) Mumbai-400053 owned by Mr Parth Rajesh Khakhar, Mr Kunal Kamlesh
Merchant and Mrs. Bhavi Sameer Merchant.

- Office no 103 on 1^st floor, Wing C in the building known as Akruti Arcade C.H.S. limited, Andheri(west),
Mumbai-400053.

(v) Term Loan from bank as on March 31, 2025 amounting to Nil (March 31, 2024: INR 7.05 Million) was taken from
ICICI bank which is secured against the following:

- Survey No 18, Ghodbunder Bhayander (E), Thane, Maharashtra, India, 401107

- Current Assets of Company with the Personal Guarantee of 1) Jigna Khakhar, 2) Rajesh Khakhar, 3) Sameer
Merchant

(vi) Term Loan from bank as on March 31, 2025 amounting to Nil (March 31, 2024: INR 3.93 Million) was taken from
ICICI bank which is secured against the following:

- Gala No 105/106/107 Shreyas Industrial Estate, off link road, Andheri West, Mumbai - 400053

- 410/411,4^th floor Akruti arcade, Opp A H Wadia School, Mumbai, Maharashtra, India, 400053

- 601-609, 6^th floor, Akruti arcade, Opp A H Wadia School, Mumbai, Maharashtra, India, 400053

- Survey No 18, Ghodbunder Bhayander (E), Thane, Maharashtra, India, 401107

- Current Assets of Company with the Personal Guarantee of 1) Jigna Khakhar, 2) Rajesh Khakhar, 3) Sameer
Merchant

- Corporate Guarantee of ASY Properties LLP

(vii) Term Loan from bank as on March 31, 2025 amounting to Nit (March 31, 2024: 15.18 Million) was taken from
standard chartered bank against the security of property of Director situated at Flat No 88, Tarapore garden
CHSL, Off New Link Road, Oshiwara, Andheri West Mumbai - 400053.

b. Secured Emergency credit line (ECL)

(i) ECLGS Term Loan as on March 31, 2025 amounting to Nil (March 31, 2024: INR 6.29 Million) was taken from
ICICI Bank Limited which is secured against the existing securities created in favour of ICICI bank limited.

20.4 Current Borrowings

c. Working Capital demand loan (Secured)

(i) Working capital demand loan from Financial Institutions as on March 31, 2025 amounting to Nil (March 31,
2024: INR 20 Mi11ion)was taken from Capsave Finance Private limited secured against

* NACH mandate and 3 * UDC for an amount equal to sanction amount, 10% cash collateral in form of non¬
interest bearing security deposit and personal guarantee of Mr. Rajesh Khakhar and Mr. Sameer Merchant.

(ii) Working capital demand loan from bank on March 31, 2025 amounting to Nil (March 31, 2024: INR 40 Million)
was taken from ICICI bank limited which is secured against the following:

- Gala No 105/106/107 Shreyas Industrial Estate, off link road, Andheri West, Mumbai - 400053

- 410/411,4^th floor, Akruti arcade, Opp A H Wadia School, Mumbai, Maharashtra, India, 400053

- 601-609, 6^th floor, Akruti arcade, Opp A H Wadia School, Mumbai, Maharashtra, India, 400053

- Survey No 18, Ghodbunder, Bhayander (E), Thane, Maharashtra, India, 401107

- Current Assets of Company with the Personal Guarantee of 1) Jigna Khakhar, 2) Rajesh Khakhar, 3) Sameer
Merchant

- Corporate Guarantee of ASY Properties LLP

d. Cash Credit facility (Secured)

(i) Cash Credit from bank as on March 31, 2025 amounting to Nil (March 31, 2024: INR 137.16 Million) was taken
from ICICI bank limited which is secured against the following:

- Gala No 105/106/107 Shreyas Industrial Estate, off link road, Andheri West, Mumbai - 400053

- 410/411,4^th floor, Akruti arcade, Opp A H Wadia School, Mumbai, Maharashtra, India, 400053

- 601-609, 6^th floor, Akruti arcade, Opp A H Wadia School, Mumbai, Maharashtra, India,400053

- Survey No 18, Ghodbunder, Bhayander (E), Thane, Maharashtra, India,401107

- Current Assets of Company with the Personal Guarantee of 1) Jigna Khakhar, 2) Rajesh Khakhar, 3) Sameer
Merchant

- Corporate Guarantee of ASY Properties LLP

Note :

1 Weighted average number of equity shares includes 2,90,597 Compulsorily Convertible Preference Shares (CCPS)
convertible in the ratio of 1:0.915 .i.e. 2,65,805 equity shares. Each CCPS is a compulsorily and fully convertible
preference share, convertible into Equity Shares, as per the terms and conditions as laid out in agreement with CCPS
holder Therefore, CCPS were classified in accordance with Ind AS 32 as equity.

2 Refer Note 18 A(i) (a),(b)and (c), regarding details of Split of equity shares, issue of Bonus Shares and Private
Placement. Effect of same has been considered while calculating the Weighted Average Number of equity shares.

3 On June 07, 2024, the Board of Directors approved the sub-division of each equity share of face value INR 10 fully paid
up into 5 equity shares of face value INR 2 fully paid up. Consequently, the number of equity shares has increased
from 309,060 shares of face value INR 10 each to 1,545,300 shares of face value INR 2 each.

4 Further, the Board of Directors, in their meeting held on June 07, 2024, approved the issue of bonus equity shares in

the ratio of 1 equity share of INR 2 each for every 17 equity shares of INR 2 each by capitalization of the free reserves

of the Company. As a result, 15,45,300 equity shares have been subdivided into 2,62,70,100 equity shares.

5 During the quarter the Board of Directors and Shareholders of the Company has approved the Employee Stock

Option Plan 2024 (”ESOP 2024") for the employees of the Company and its subsidiary companies comprising of

equity shares of the Company not exceeding 5,00,000 equity shares of face value of INR 2/- each. The Company has

granted 3,51,672 equity shares of face value of INR 2/- each on December 14, 2024 to its eligible employees. Effect

same has been considered while calculating the Dilutive effect of Weighted average Number of equity shares.

40 EMPLOYEE BENEFITS OBLIGATIONS

(I) Defined contributions plans - provident fund and others

The Company makes contribution towards employees'' Provident Fund and other defined contribution plans. Under
the schemes, the Company is required to contribute a specified percentage of payroll cost, as specified in the rules
of the schemes, to these defined contribution schemes.

The sensitivity analysis have been determined based on reasonably possible changes of the respective
assumptions occurring at the end of the reporting period, while holding all other assumptions constant.

The sensitivity analysis presented above may not be representative of the actual change in the Defined
Benefit Obligation as it is unlikely that the change in assumptions would occur in isolation of one another
as some of the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the Defined Benefit
Obligation has been calculated using the projected unit credit method at the end of the reporting period,
which is the same method as applied in calculating the Defined Benefit Obligation as recognized in the
balance sheet. The sensitivity analysis presented above may not be representative of the actual change in
the Defined Benefit Obligation as it is unlikely that the change in assumptions would occur in isolation of
one another as some of the assumptions may be correlated.

There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior
years.

C Credit risk

Credit risk arises from the possibility that customers may not be able to settle their obligations as agreed. Trade
receivables are typically unsecured and are derived from revenue earned from customers located in India. Credit risk
is managed through periodic assessment of the financial reliability of customers, taking into account the financial
condition, current economic trends, analysis of historical bad debts and ageing of trade receivables. Other financial
instruments that are subject to credit risk includes cash and cash equivalents, bank deposits, loans and security
deposits.

The Company uses Expected Credit Loss model to assess the impairment loss. The Company computes the
expected credit loss allowance as per simplified approach for trade receivables based on available external
and internal credit risk factors such as the ageing of its dues, market information about the customer and the
Company''s historical experience for customers. The Company has used a practical expedient by computing the
expected credit loss allowance for trade receivables based on a provision matrix. The provision matrix takes into
account historical credit loss experience and is based on the ageing of the receivable days and the rates as given
in the provision matrix.

ii) The credit risk on cash and cash equivalents and bank deposits is limited because the counterparties are banks
with high credit ratings.

The maximum exposure to credit risk is equal to the carrying value of the financial assets. The objective of
managing counterparty credit risk is to prevent losses in financial assets. The Company assesses the credit
quality of the counterparties, taking into account their financial position, past experience and other factors.

iii) The Company does a credibility check on the landlords before taking any property on lease and hasn''t had a
single instance of non-refund of security deposit on vacating the leased property. The Group also in some cases
ensure that the notice period rentals are adjusted against the security deposits and only differential, if any, is
paid out thereby further mitigating the non-realization risk.

D Foreign currency risk

The Company has limited international transactions and thus its exposure to foreign exchange risk arising from its
operating activities is low. Foreign exchange risk arises from future commercial transactions and recognized assets
and liabilities denominated in a currency that is not the Company''s functional currency. To mitigate the Company''s
exposure to foreign currency risk, non-INR Cash Flows are monitored in accordance with the Company''s risk
management policies.

45 CAPITAL MANAGEMENT POLICIES AND PROCEDURES

For the purpose of the Company''s capital management, capital includes issued equity capital, securities premium and
all other equity reserves attributable to the equity holders. The primary objective of the Company''s capital management
is to maintain a strong capital base to ensure sustained growth in business and to maximize the shareholders value and
to ensure the Company''s ability to continue as a going concern. The capital management focuses to maintain an optimal
structure that balances growth and maximizes shareholder value.

The Company has not distributed any dividend to its shareholders. The Company monitors gearing ratio i.e. total debt in
proportion to its overall financing structure, i.e. equity and debt. Total debt comprises of non-current borrowing which
represents liability component of Convertible Preference Shares and current borrowing from ultimate holding company
of the Company. The Company manages the capital structure and makes adjustments to it in the light of changes in
economic conditions and the risk characteristics of the underlying assets.

46 CORPORATE SOCIAL RESPONSIBILITY

The provision of section 135 of the Companies Act, 2013 are applicable to the Company. However, the Company does not
have adequate profits as computed under section 198 of the Companies Act, 2013 and hence, the Company is not required
to spend any amounts during the current financial year for Corporate Social Responsibility.

47 SHARE BASED PAYMENTS
Employee share option plan (ESOP)

The shareholder of the Company have vide their special resolution dated 16^th August 2024 approved the Laxmi Dental
Employee Stock Option Scheme 2024 (“ESOP2024"/"Scheme")scheme authorizing the Board for granting Employee Stock
Options in form of equity shares linked to the completion of a minimum period of continued employment to the eligible
employees of the Company monitored and supervised by the Board of Directors. The employees can purchase equity
shares by exercising the options as vested at the price specified in the plan.

iii. Utilization of borrowed funds

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other
sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities
(“Intermediaries") with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend
or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries).

The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company
shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company
(“Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

iv. Revaluation of property, plant and equipment (including right-of-use assets) and intangible assets

The Company has not revalued its property, Plant and Equipment (including Right of use Assets), thus valuation by
a registered valuer as defined under rule 2 of the Companies (Registered Valuers and Valuation) Rules, 2017 is not
applicable.

The Company does not have any Intangible Assets, thus, disclosures relating to revaluation of Intangible Assets is not
applicable.

v. Details of benami property held

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

vi. Wilful Defaulter

The Company has not defaulted nor been declared wilful defaulter by any bank or financial institution or other lender.

viii. Relationship with struck off companies

The Company does not have any transactions with the Companies struck off under section 248 of the Companies Act,
2013 or section 560 of the Companies Act, 1956.

ix. Registration of charges or satisfaction with Registrar of Companies (ROC)

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

x. Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017.

xi Compliance with approved Scheme(s) of Arrangements

The Company has not entered into any scheme of arrangements as approved by the competent authority in terms of
Section 230 to 237 of the Companies Act, 2013, thus, the disclosures relating to compliance with approved scheme
of arrangements is not applicable to the Company.

xii Undisclosed income

The Company does not have any undisclosed income which is not recorded in the books of account that has been
surrendered or disclosed as income during the year (previous year) in the tax assessments under the Income Tax Act, 1961.

xiii Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

50 As at March 31, 2025, the Company has outstanding trade receivable from one of it''s related parties amounting to INR
Nil (March 31, 2024: INR 151.34 Million) which includes balances amounting to INR Nil Million (March 31, 2024: INR
64.97 Million) outstanding for a period more than 9 months. This has resulted in non-compliances of various regulations,
circulars and notifications issued under the Foreign Exchange Management Act, 1999 (”FEMA Regulations"). However,
subsequent to March 31, 2024, the Company has collected balances amounting to INR 119.16 Million including recovery of
the entire balance which was outstanding for a period more than 9 months as on March 31, 2024. No penalties were levied
on the Company at the time of settlement of these balances. The management of the Company is certain that no material
penalties or fines would be levied on account of such non-compliance and hence, the Company has not accounted for
penalties and fines, if any on account of such non-compliances.

51 The C ompany has used an Accounting Software accordingly maintaining its books of accounts for the financial year March
31, 2025, the software did not have a feature of recording audit trail (edit log) Facility.

52 EVENTS OCCURRED AFTER BALANCE SHEET DATE

On April 16, 2025, the Laxmi Dental Limited made an Overseas Direct Investment (ODI) of USD 10,00,000 (equivalent to INR
85.7 Million) in Laxmi Dental Lab, USA, a foreign subsidiary of the Laxmi Dental Limited.

On April 29, 2025, the Laxmi Dental Limited invested in 8,93,334 equity shares (equivalent to INR 409.15 Million) of Bizdent
Devices Private Limited, a wholly owned subsidiary at a face value of INR 10 each, with a premium of INR 448 per share.

53 During the year ended March 31, 2025, the Company has completed an Initial Public Offer of 16,309,766 equity shares of
face value of INR 2/- each comprising of (i) fresh issue of 3,224,299 equity shares at an issue price of INR 428 per equity
share aggregating to INR1,380 Million, and (ii) an offer for sale of 13,085,467 equity shares at an issue price of INR 428 per
equity share aggregating to INR 5,600.58 Million and listed on both Bombay Stock Exchange Limited (BSE) and National
Stock Exchange (NSE) on January 20, 2025. The Company has received gross proceeds from fresh issue of INR1,380.00
Million against which Company has incurred an estimated issue related expenses (net off tax) of INR 92.29 Million.

Out of the net proceeds which were unutilized as at March 31, 2025, INR 950.33 Million are temporarily invested in fixed
deposits.

The Company has incurred 497.22 Million as IPO related expenses and allocated such expenses between the Group 98.30
million and selling shareholders 398.92 Million. Such amounts were allocated based on agreement between the company
and selling shareholders and in proportion to the total proceeds of the IPO. Company''s share of expenses of INR 98.30
Million has been adjusted towards securities premium.

54 “0.00" Denotes amount less than INR Ten thousand.

55 Previous year/period figures have been regrouped/ reclassified whenever necessary to confirm to current year''s
classification.

56 These standalone financial statements have been approved for issue by the board of directors at its meeting held on May
26, 2025.

As per our report of even date attached

For M S K A & Associates For and on behalf of the Board of Directors

Chartered Accountants Laxmi Dental Limited (Formerly known as Laxmi Dental Export Private Limited)

Firm Registration Number: 105047W CIN:L51507MH2004PLC147394

Nitin Tiwari Mr. Sameer Merchant Mr. Rajesh Khakhar

Partner Director Director

Membership No: 1 18894 DIN-00679893 DIN-00679903

Place: Mumbai Dharmesh Dattani Nupur Joshi

Date: May 26, 2025 Chief Financial Officer Company Secretary

ACS M.No. A43768

Place: Mumbai Place: Mumbai

Date: May 26, 2025 Date: May 26, 2025

(i) Revenue from contract with customer

Revenue from sale of goods is recognized under IGAAP when the significant risks and rewards of ownership of the goods have passed to the buyer, f.e., when the goods are delivered to the customer.

As per ind AS. An entity shall recognize revenue when (or as) the entity satisfies a performance obligation by transferring a promised good or service (i.e. an asset) to a customer. An asset is transferred when (or as) the customer obtains control of that asset.

(ii) Impact of Leases due to adoption of Ind AS 116

Under Previous GAAP, a lease is classified as a finance lease or an operating lease. Operating lease payments are recognised as an operating expense In the statement of profit or toss on a straight-line basis over the lease term. Under Ind AS 116, a lessee applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets and recognises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. At the date of transition to Ind AS, the Company applied the i modified retrospective approach and measured lease liabilities at the present value of the remaining lease payments, discounted using the lessee''s Incremental borrowing rate at the date of transition to Ind AS. Right-of-use assets were measured at the amount equal to the lease liabilities.

(iii) Impairment allowance for expected credit losses

Under Previous GAAP, the Company has created provision for impairment of receivables based on the incurred loss model. Under Ind AS, impairment loss has been determined as per Expected Credit Loss (ECL) model. The difference between the provision amount as per previous GAAP and Ind AS - ECL is recognized in retained earnings on date of transition and subsequently in the statement of profit and loss.

(iv) Remeasurement galn/(loss) of net defined benefit plan

Under Previous GAAP the Company recognised actuarial gains and losses in the Statement of Profit and Loss. Under Ind AS, all actuarial gains and losses are recognised in the other comprehensive income. Further to the above, the deferred tax impact on above transaction has also been regrouped from Statement of Profit and Loss to other comprehensive income as per guidance under Ind AS 12 ‘Income taxes’.

(v) Share of profit/loss in subsidiaries

Earlier Company was following the practice of recognising share of profit/loss from LLP(Subsidiary) in Previous GAAP. However as per Ind AS 27 share of profit /loss from LLP(Subsidiary) will not recognised in the standalone financial of Parent company, therfore the share of profit/loss taken in Financial statements is reversed.

(vi) Adjustments to rectify errors in previous GAAP

The Company has made certain errors in the adoption on accounting policies, measurement of depreciation, allocation of overhead cost, Impairment of goodwill, employee benifit expenses. During the current year, on transition to Ind AS, the Company has rectified these errors by restating the transition date balance sheet as at April 1,2022.

(*) The Company has elected to continue with the carrying value of its Investment property recognised as of April 1, 2022 (transition date) measured as per the Previous GAAP and used that carrying value as its deemed cost as on the transition date as per Para D7AA of Ind AS 101 ‘First -time Adoption of Indian Accounting Standards’.

7.1 The Entity''s investment properties consist of commercial properties in India given on lease for a period of 1-5 years.

7.2 The Entity has no restrictions on the realisability of its investment properties and no contractual obligations to purchase, construct or develop investment properties or for repairs, maintenance and enhancements.

(*) The Company has elected to continue with the carrying value of its Intangible Assets recognised as of April 1, 2022 (transition date) measured as per the Previous GAAP and used that carrying value as its deemed cost as on the transition date as per Para D7AA of Ind AS 101 ‘First -time Adoption of Indian Accounting Standards’. (Refer Note 4)

(ii) Rights, preferences and restrictions attached to the equity shares:

The Company has only one class of equity shares having par value of Rs.10 per share. Each shareholder is entitled to one vote per share held. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

During the year ended 31st March 2024, the amount of per share dividend recognized as distributions to equity shareholders was Nil (previous year: Nil).

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be In proportion to the number of equity shares held by the shareholders.

As per records of the Company, Including Its register of shareholders/ members and other declarations received from shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.

(iv) The Company has not issued any bonus shares or shares for consideration other than cash during the period of five years Immediately preceding the reporting date.

(v) The Company has not bought back any shares during the period of five years immediately preceding the current year end.

(II) Rights, preferences and restrictions attached to the preference shares:

Each shareholder Is eligible to vote In the ratio of their shareholding. The holders of CCPS shall be entitled to vote on all such matters which affect their rights directly or Indirectly.

• The Investor Shares shall rank senior to the preference shares and other Instruments that are outstanding and which may be Issued by the Company from time to time In all respects Including but not limited to voting rights, dividends and liquidation/ liquidity preference and bonus Issuances. The holders of Series A CCPS shall be entitled to all superior rights or other rights that may be given to any other investor, if any, in the future. The Series A CCPS shall carry a pre-determined cumulative dividend rate of 0.0001* (zero point zero zero zero one per cent) per annum. In addition to the same. If the holders of Equity Shares are paid dividend in excess of 0.0001* (zero point zero zero zero one per cent) per annum, the holders of the Scries A CCPS shall be entitled to dividend at such higher rate.

The holder of the Series A CCPS shall have the right to be first paid, in priority to the other Shareholders and alt other classes of preference shareholders, any declared but accrued and unpaid dividends.

The holders of Investor CCPS shall, at any time prior to 19 (nineteen) years from the date of issuance of the same, be entitled to call upon the Company to convert all or any of the Investor CCPS and if not converted earlier, shall automatically convert into Equity Shares at the fixed conversion rate (1:0.9147), (i) on latest permissible date prior to the issue of Shares to the public In connection with the occurrence of a Public Offer under Applicable Law, or (II) on the day following the completion of 19 (nineteen) years from the date of Issuance of the same.

22 Leases - IND AS 116

The Company has lease contracts for office premises, factories and warehouses used in its operations. Lease terms generally ranges between 1 and 5 years.

The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

21.3 Non-current Borrowings

a. Secured Term Loans

(1) Car loan from bank as on 31 March 2024 amounting to INR 0.76 millions (31 March 2023: INR 1.01 millions) was taken Vehicle Loan from ICICI bank limited.The loan Is secured by hypothecation of the said vehicle.

(li) Car loan from bank as on 31 March 2024 amounting to INR 1.83 millions (31 March 2023: INR 3.10 millions) was taken Vehicle Loan from ICICI bank llmlted.The loan is secured by hypothecation of the said vehicle.

(Ill) Car loan from bank as on 31 March 2024 amounting to INR 0.89 millions (31 March 2023: INR 1.13 millions) was taken Vehicle Loan from ICICI bank llmlted.The loan Is secured by hypothecation of the said vehicle.

(iv) Term loan from NBFC as on 31 March 2024 amounting to INR 101.69 millions was taken from Tata capital financial services limited which Is secured against the following properties:

•Industrial gala No 202 and part of Industrial gala No 203 on second floor In the building known as Shreyas Industrial Estate situated at Off link road, Andheri(west) Mumbai-400053 owned by Mr Parth Rajesh Khakhar, Mr Kunal Kamlesh Merchant and Mrs. Bhavl Samecr Merchant.

• Part of Industrial gala No 203 on second floor In the building known as Shreyas Industrial Estate situated at Off link road, Andheri(west) Mumbai-400053 owned by Mr Parth Rajesh Khakhar, Mr Kunal Kamlesh Merchant and Mrs. Bhavi Samoer Merchant.

• Office no 103 on 1st floor. Wing C In the buildllng known as Akrutl Arcade C.H.S. limited. Andherl(west), Mumbai-400053.

(v) Term Loan from bank as on 31 March 2024 amounting to INR 7.05 millions (31 March 2023: INR 15.46 millions) was taken from ICICI bank which Is secured against the following:

•Survey No 18 , Ghodbundcr , Bhayandcr (E) . Thane .Maharashtra . India ,401107

•Current Assets of Company with the Personal Guarantee of 1) Jlgna Khakhar. 2) Rajesh Khakhar, 3) Sameer Merchant

(vi) Term Loan from bank as on 31 March 2024 amounting to INR 3.93 millions (31 March 2023: INR 6.18 millions) was taken from ICICI bank which Is secured against the following:

• Gala No 105/106/107 Shreyas Industrial Estate, off link road, Andhorl West, Mumbai - 400053 -410/411 , 4th floor, Akrutl arcade , Opp A H Wadia School, Mumbai .Maharashtra , India , 400053 -601-609,6th floor , Akrutl arcade , Opp A H Wadia School , Mumbai, Maharashtra , India ,400053 •Survey No 18 , Ghodbundcr , Bhayandcr (E), Thane .Maharashtra , India ,401107

•Current Assets of Company with the Personal Guarantee of 1) Jlgna Khakhar. 2) Rajesh Khakhar. 3) Sameer Merchant •Coorporatc Guarantee of ASY Properties LLP

(vli) Term Loan from bank as on 31 March 2024 amounting to INR 15.18 millions (31 March 2023: 15.46 millions) was taken from standard chartered bank against the security of property of Director situated at Flat No 88, Taraporc garden CHSL, Off New Link Road, Oshiwara, Andherl West Mumbai • 400053.

(vlli) Term loan from bank as on 31 March 2023 amounting to INR 23.94 millions ( 1 April 2022: INR 31.20 millions) was taken from Induslnd bank limited which is secured against the property of the Company situated at office no

103 on 1st floor, Wing C In the building known as Akrutl Arcade C.H.S. limited, Andheri(west), Mumbai-400053.

(lx) Term loan from bank as on 31 March 2023 amounting to INR 22.59 millions ( 1 April 2022: INR 23.17 millions) was taken from Induslnd bank limited which is secured against the property of the Company situated at office no

103 on 1st floor, Wing C In the building known as Akrutl Arcade C.H.S. limited, Andheri(west). Mumbai-400053.

(x) Term loan from bank as on 31 March 2023 amounting to INR 7.11 millions ( 1 April 2022: INR 8.35 millions) was taken from Induslnd bank limited which is secured against the property of the Company situated at office no 103

cm 1st floor. Wing C In the building known as Akrutl Arcade C.H.S. limited, Andherl(west), Mumbai-400053.

(xl) On 23 October 2023. the Company has repaid the entire outstanding term loans of Induslnd Bank before maturity. Accordingly, the gain on extinguishment of financial (lability has been recorded 1n profit and loss account.

(xil) *PCFC loan from bank on 1 April 2022 amounting to INR 2.28 millions was taken from ICICI bank limited which Is secured against the following:

•Gala Nb 105/106/107 Shreyas Industrial Estate, off link road, Andheri West, Mumbai • 400053 •410/411 , 4th floor. Akrutl arcade . Opp A H Wadia School. Mumbai .Maharashtra , India , 400053 -601-609,6th floor , Akrutl arcade , Opp A H Wadia School, Mumbai, Maharashtra , India ,400053 -Survey No 18 , Ghodbundcr . Bhayander (E), Thane .Maharashtra . India .401107

¦Current Assets of Company with the Personal Guarantee of 1) Jlgna Khakhar, 2) Rajesh Khakhar, 3) Sameer Merchant -Coorporatc Guarantee of ASY Properties LLP

b. Secured Emergency credit line (ECL)

(I) * ECLGS Term Loan as on 31 March 2024 amounting to INR 6.29 millions (31 March 2023: INR 21.39 millions) was taken from ICICI Bank Limited which Is secured against the existing securities created In favour of ICICI bank

C. Unsecured Term Loans

(1) Term Loan from bank as on 31 March 2023 amounting to INR 0.75 million (1 April 2022: INR 3.39 millions) taken from IDFC first Bank .

21.4 Current Borrowings

d. Working Capital demand loan (Secured)

(I) Working capital demand loan from NBFC as on 31 March 2024 amounting to INR 20 millions was taken from Capsave Finance Private limited secured against * NACH mandate and 3 * UDC for an amount equal to sanction amount, 10% cash collateral In form of non-interest bearing security deposit and personal guarantee of Mr. Rajesh Khakhar and Mr. Sameer Merchant.

(il) Working capital demand loan from bank on 31 March 2024 amounting to INR 40 millions (31 March 2023: 40 millions) was taken from ICICI bank limited which Is secured against the following.

-Gala No 105/106/107 Shreyas Industrial Estate, off link road, Andheri West, Mumbai • 400053 -410/411 , 4th floor , Akrutl arcade , Opp A H Wadia School , Mumbai ,Maharashtra , India , 400053 -601-609 , 6th floor , Akruti arcade , Opp A H Wadia School, Mumbai, Maharashtra , India ,400053 -Survey No 18 , Ghodbunder , Bhayander (E) , Thane .Maharashtra , India ,401107

•Current Assets of Company with the Personal Guarantee of 1) Jigna Khakhar, 2) Rajesh Khakhar, 3) Samecr Merchant -Coorporate Guarantee of ASY Properties LLP

e. Cash Credit facility (Secured)

(1) Cash Credit from bank as on 31 March 2024 amounting to INR 137.16 millions ( 31 March 2023: INR 112.89 millions and 1 April 2022 : INR 144.69 Millions) was taken from ICICI bank limited which is secured against the following:

•Gala No 105/106/107 Shreyas Industrial Estate, off link road, Andheri West, Mumbai • 400053 •410/411 . 4th floor, Akrutl arcade , Opp A H Wadia School , Mumbai .Maharashtra , India , 400053 -601-609,6th floor , Akrutl arcade , Opp A H Wadia School , Mumbai, Maharashtra . India ,400053 -Survey No 18 , Ghodbundcr , Bhayander (E) , Thane .Maharashtra , India ,401107

-Current Assets of Company with the Personal Guarantee of 1) Jigna Khakhar, 2) Rajesh Khakhar, 3) Sameer Merchant

•Corporate Guarantee of ASY Properties LLP J

f. Overdraft facility (Unsecured) /

(l) Overdraft from NBFC as on 1 April 2022 amounting to INR 1.55 millions taken from tata capital finance service limited. _—

1 Weighted average number of equity shares includes 2,90,597 Compulsorily Convertible Preference Shares (CCPS) coveritible in the ratio of 1:0.915 .i.e 2,65,805 equity shares. Each CCPS is a compulsorily and fully convertible preference share, convertible into Equity Shares, as per the terms and conditions as laid out in agreement with CCPS holder. Therefore, CCPS were classified in accordance with Ind AS 32 as equity.

2 Further, the Board of Directors have also approved the issue of bonus equity shares in its meeting held on 4 June 2024 in the ratio of 1 equity shares of I NR 2 each for every 17 equity share of INR 2 each by capitalization of such sum standing to the credit of free reserves of the Company

3 Subsequent to 31 March 2024, the Board of Directors at their meeting held on 4 June 2024 approved the sub-division of each equity share of face value of INR 10 each fully paid up into face value of INR 2 each fully paid up.

40 Employee Benefits Obligations

(I) Defined contributions plans -Provident fund and others

The Company makes contribution towards employees’ Provident Fund and other defined contribution plans. Under the schemes, the Company is required to contribute a specified percentage of payroll cost, as specified in the rules of the schemes, to these defined contribution schemes.

(II) Defined Benefit plans (A) Gratuity

The Company provides for gratuity benefit under a defined benefit retirement scheme (the "Gratuity Scheme") as laid out by the Payment of Gratuity (Amendment) Act, 2018 of India covering eligible employees i.e. an employee who has completed five years of service is entitled to specific benefits. The level of benefits provided depends on the member’s length of service and salary at retirement age.

Liabilities with regard to the Gratuity Scheme are determined by actuarial valuation carried out using the Projected Unit Credit Method by an independent actuary.

The scheme is partially funded with an insurance Company in the form of qualifying insurance policy

The sensitivity analysis have been determined based on reasonably possible changes of the respective assumptions occurring at the end of the reporting period, while holding all other assumptions constant.

The sensitivity analysis presented above may not be representative of the actual change in the Defined Benefit Obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the Defined Benefit Obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same method as applied in calculating the Defined Benefit Obligation as recognised in the balance sheeThe sensitivity analysis presented above may not be representative of the actual change in the Defined Benefit Obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior years.

(iii) Compensated absences

The obligation for compensated absences as at year end 31 March 2024 amounts to INR 3.56 million ( 31 March 2023: INR 4.88 million )

<11.2 Tax litigation

On 7 April 2023, the Group received a notice under Section 1-18A of the Income Tax Act, 1961, from the Deputy Commissioner of Income Tax, Mumbai, regarding transactions by Illusion Dental Laboratory Private Limited, which merged with the Group on 1 April 2017. The notice highlighted that the Transferor Group continued transactions in its own name post-merger, raising concerns about the taxability of these transactions for the assessment year 2019-20. As a result, the tax authorities are reopening the assessment proceedings, but no demand notice has yet been Issued to the Company.

44 Financial risk management

In the course of its business, the Company is exposed primarily to liquidity risk, interest rate fluctuation risk, credit risk and foreign exchange fluctuation risk.

A Liquidity Risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral obligations without incurring unacceptable losses. The Company''s objective it to, at all times maintain optimum levels of liquidity to meet its cash and collateral requirements. The Company closely monitors its position and maintains adequate source of financing.

C Credit Risk

Credit risk arises from the possibility that customers may not be able to settle their obligations as agreed. Trade receivables are typically unsecured and are derived from revenue earned from customers located in Inida. Credit risk is managed through periodic assessment of the financial reliability of customers, taking into account the financial condition, current economic trends, analysis of historical bad debts and ageing of trade receivables. Other financial instruments that are subject to credit risk includes cash and cash equivalents, bank deposits, loans and security deposits.

The maximum exposure to credit risk at the reporting date is primarily from trade receivables which amounted to Rs 335.19, Rs 291.18 and Rs 222.78 millions as at 31 March 2024, 31 March 2023 and 1 April 2022 respectively. The Company provides toss allowance using the ECL model on trade receivables by following simplified approach. An impairment analysis is performed at each reporting date on an individual customer basis.

The credit risk on cash and cash equivalents and bank deposits is limited because the counterparties are banks with high credit ratings.

The maximum exposure to credit risk is equal to the carrying value of the financial assets. The objective of managing counterparty credit risk is to prevent losses in financial assets. The Company assesses the credit quality of the counterparties, taking into account their financial position, past experience and other factors.

The Company does a credibility check on the landlords before taking any property on lease and hasn’t had a single instance of non-refund of security deposit on vacating the leased property. The Group also in some cases ensure that the notice period rentals are adjusted against the security deposits and only differential, if any, is paid out thereby further mitigating the non-realization risk.

0 Foreign currency risk

The Company has limited international transactions and thus its exposure to foreign exchange risk arising from its operating activities is low. Foreign exchange risk arises from future commercial transactions and recognised assets and liabilities denominated in a currency that is not the Company''s functional currency. To mitigate the Company’s exposure to foreign currency risk, non-INR Cash Flows are monitored in accordance with the Company’s risk management policies.

Foreign currency risk exposure:

45 Capital management policies and procedures

For the purpose of the Company’s capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity holders. The primary objective of the Company’s capital management is to maintain a strong capital base to ensure sustained growth in business and to maximize the shareholders value and to ensure the Company''s ability to continue as a going concern. The capital management focuses to maintain an optimal structure that balances growth and maximizes shareholder value.

The Company has not distributed any dividend to its shareholders. The Company monitors gearing ratio i.e. total debt in proportion to its overall financing structure, i.e. equity and debt. Total debt comprises of non-current borrowing which represents liability component of Convertible Preference Shares and current borrowing from ultimate holding company of the Company. The Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets.

The amount managed as capital by the Company are summarized as follows:

Hi. Utilisation of Borrowed funds

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or cntity(les), Including foreign entities (•''Intermediaries’'') with the understanding, whether recorded In writing or otherwise, that the Intermediary shall lend or invest In party identified by or on behalf of the Company (Ultimate Beneficiaries).

The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

iv. Revaluation of property, plant and equipment (Including right-of-usc assets) and intangible assets

The Company has not revalued its property. Plant and Equipment (including Right of use Assets), thus valuation by a registered valuer as defined under rule 2 of the Companies (Registered Valuers and Valuation) Rules, 2017 Is not applicable.

The Company does not have any Intangible Assets, thus, disclosures relating to revaluation of Intangible Assets is not applicable.

v. Details of benami property held

The Company docs not have any Benami property, where any proceeding has been Initiated or pending against the company for holding any Benami property.

vi. Wilful Defaulter

The Company has not defaulted nor been declared wilful defaulter by any bank or financial institution or other lender.

vii. Quarterly Returns

The Company has availed loans from banks on the basis of security of current assets. The Company files statement of current assets with the bank on periodical basis. Reconciliation of quarterly returns or statements of current assets filed with banks or financial institutions.

Refer Note

The reason for reconciliation between quarterly returns or statements of current assets filed with banks are as follows:

1) Inventories:

a. Adjustments arising from the application of sales cut-off procedures.

b. Provision for slow moving, non-moving

2. ) Trade Receivables:

a Loss allowance made for trade receivables

b. Adjustments to trade receivables due to period-end cut-off procedures c Remeasurement of balances due to foreign exchange rate fluctuations, d. Offsetting advance from customers against trade receivables

3. ) Trade Payables:

a. Offsetting advance to suppliers against trade payable vill. Relationship with struck off companies

The Company does not have any transactions with the Companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.

ix. Registration of charges or satisfaction with Registrar of Companies (ROC)

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

x. Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017. xi Compliance with approved Scheme(s) of Arrangements

The Company has not entered into any scheme of arrangements as approved by the competent authority in terms of Section 230 to 237 of the Companies Act, 2013, thus, the disclosures relating to compliance with approved scheme of arrangements is not applicable to the Company.

"" Company has no, traded or tested m crypto currency or virtual currency during the current or previous year, xlv Corporate social responsibility

The Company does not meet the criteria specified under section 135 for CSR applicability As , result the Com <

« as at 31 March 2024 the Com h d hlllty. As a result, the Company Is not obligated to establish a CSR committee or engage In CSR activities as defined under the Act.

⁴⁹ "" ^C"*"* Software for the purpose of maintaining boohs of accents for the financial year March 31, 202< software did not have f , f

50 Subsequent Event '' ° ^rKOrdi"^{S ,Ud}'''' ‘^r‘^{U (}«"'' “>*>

I Conversion of the Company from Private Limited to Public Limited

Company was changed to ''l,xml Dental ¹⁸> ²Â°â€œâ€™ ^{t,W COmp}*^ ^h« ^b«" averted from Private Limited Company into a Public Limited Company and the name of the

II Sale of business division

dated August, 202 “ ^(fbusln''es''s dlris^''⁸'' ^SUPP''^y " ^P™^ari''^y ''^{n8aSed ta bU}’‘"«^{S 0f b}>»ora,orles, DenUI Consumables and Dental Machinery. The Group entered Into a Contract for Sale of Business

III ESOP scheme 2024

52 0.00'' denotes amount less than INR Ten thousand.

53 These financial statement have been approved for Issue by the board of directors a, Its meeting held on September 03. 202a ll 5!Ml /flairs / )