12. Provisions :

A provision is recognized when the Company has a present obligation as a result of past event; it is probable that an
outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made.
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. These are reviewed at each balance sheet date and adjusted to reflect the
current best estimates.

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. A present obligation that arises from past events where it is either not
probable that an outflow of resources will be required to settle or reliable estimate of the amount cannot be made,
is also termed as contingent liability. A contingent asset is neither recognized nor disclosed in the financial
statements.

Employee Benefits

Short term Employees Benefits:

All employee benefits payable wholly within twelve months of rendering the service are classified as short-term
employee benefits and they are recognized in the period in which the employee renders the related service. The
Company recognize the undiscounted amount of short-term employee benefits expected to be paid in exchange
for services rendered as a liability (accrued expense) after deducting any amount already paid.

Post Employee Benefits:
i. Defined Benefit Plans:

Gratuity, which is a defined benefit plan, is accrued based on an independent actuarial valuation, which is done
based on project unit credit method as at the balance sheet date. The Company recognizes the net obligation of
a defined benefit plan in its balance sheet as an asset or liability. Gains and losses through re-measurements of
the net defined benefit liability / (asset) are recognized in other comprehensive income. In accordance with Ind
AS, re-measurement gains and losses on defined benefit plans recognized in OCI are not to be subsequently
reclassified to statement of profit and loss. As required under Ind AS compliant Schedule III, the Company
transfers it immediately to retained earnings.

13. Earnings per share

Basic earnings per share are computed by dividing the net profit after tax by the weighted average number of equity
shares outstanding during the period. Diluted earnings per shares is computed by dividing the profit after tax by the
weighted average number of equity shares considered for deriving basic earnings per shares and also the weighted
average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares.

Note 35: Lease Liabilities

The Company has taken buildings on lease which are generally long term in nature with varying terms, escalation
clauses and renewal rights expiring within a 3 years. On renewal, the terms of the leases are renegotiated.

Note 36:

Financial risk management

The Company''s activities expose it to the following risks:

Credit risk
Interest risk
Liquidity risk

A Credit risk

Credit Risk is the risk that counter party will not meet its obligations under a financial instruments or customer contract leading to a financial loss.
The Company is exposed to credit risk from its operating activities (primarily trade receivables and unbilled revenue) and from its financing activities
including deposits with banks and financial institutions, investments, foreign exchange transactions and other financial instruments.

i Trade receivables

Credit risk is managed by each business unit subject to the Company’s established policy, procedures and control relating to customer credit risk
management. Outstanding customer receivables are regularly monitored.

The impairment analysis is performed at each reporting date on an individual basis for clients. The maximum exposure to credit risk at the reporting
date is the carrying value of each class of financial assets. The Company does not hold collateral as security.

The Company evaluates the concentration of risk with respect to trade receivables as low as they are spread across multiple geographies and
multiple industries.

ii Financial instruments and deposits with banks

Credit risk is limited as we generally invest in deposits with banks and financial institutions with high credit ratings assigned by international and
domestic credit rating agencies. Counterparty credit limits are reviewed by the Company periodically and the limits are set to minimize the
concentration of risks and therefore mitigate financial loss through counterparty’s potential failure to make payments.

B Liquidity risk

Liquidity is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price. The Company’s
treasury department is responsible for liquidity, funding as well as settlement management. In addition, processes and policies related to such risks
are overseen by senior management. Management monitors the Company’s net liquidity position through rolling forecasts on the basis of expected
cash flows.

The Company’s principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from operations. The Company
believes that the cash and cash equivalents is sufficient to meet its current requirements. Accordingly no liquidity risk is perceived.

Note 37:

Financial instruments

The fair value of the financial assets are included at amounts at which the instruments could be exchanged in a current transaction between willing
parties other than in a forced or liquidation sale.

The following methods and assumptions were used to estimate the fair value:

(a) Fair value of cash and short term deposits, trade and other short term receivables, trade payables, other current liabilities, approximate their carrying
amounts largely due to the short-term maturities of these instruments.

b) Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as interest rates and individual
credit worthiness of the counterparty. Based on this evaluation, if require, allowances are taken to account for the expected losses of these receivables.

On November 21, 2025, the Government of India notified the four Labour Codes - 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 - consolidating 29 existing labour laws.
The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in
regulations. The Company has considered restructured compensation of its employees with effect from April 1, 2026, and assessed the impact of
the changes, consistent with the Labour Codes, draft rules, FAQs etc.. Considering the materiality and regulatory-driven, nature of this impact, the
Company has accounted for this impact in the employee benefit expenses in the statement of profit or loss for the year ended March 31,2026. The
Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code
and would provide appropriate accounting effect on the basis of such developments as needed.

Note 40: Fair value hierachy

Level 1: - Quoted price (unadjusted) in active markets for identical assets or liabilities

Level 2 - Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs)

Note: All Investments are measured at cost

Note 41: Capital Management

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
maximise the shareholder value. The Company''s capital management objectives are to maintain equity including all
reserves to protect economic viability and to finance any growth opportunities that may be available in future so as to
maximise shareholders’ value. The management and the board of directors monitors the return on capital as well as the
level of dividends to the shareholders. The Company manages its capital structure and makes adjustments in light of
changes in economic conditions.

10) The Board of Directors of Shradha Realty Limited (formerly Shradha Infraprojects Limited) in their meeting held on
30th May, 2026, have considered and recommended, a Final Dividend of Rs.0.60 [Sixty paise Only] per equity share
of face value of Rs. 2/- (Rupees Two) each i.e. @30% (Thirty Percent) on the equity shares in the capital of the
Company for the financial year 2025-2026 ended 31st March 2026, subject to the approval of the Shareholders
(Members) of the Company.

Declaration of Final Dividend (FY 2024-25): The Company has approved and paid a final dividend of Rs. 0.50 [Fifty
paise Only] per equity share of face value of Rs. 2/- (Rupees Two) each i.e. @25% (Twenty Five Percent) on the
equity shares in the capital of the Company for the financial year 2024-2025 ended 31st March 2025, at the Annual
General meeting held on 8th August 2025.

11) Other Statutory Information:

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 or entity, 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 or entity, 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 does not have any such transaction which is not recorded in the books of accounts that has
been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act,
1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

viiii) The Company has not been declared as Wilful defaulter by any Banks, Financial institution or Other lenders (as
defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful
defaulters issued by the Reserve Bank of India.

ix) 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, and there are no companies beyond the
specified layers.

x) The Company did not have any long-term contracts including derivative contracts for which there were any
material foreseeable losses.

12) During the financial year 2025-26, the Company sold certain commercial blocks, which were forming part of the
Property, Plant and Equipment (PPE). The sale resulted in a profit of ^ 980.78 lakhs, which has been recognized
under "Other Income" in the Statement of Profit and Loss. Consequently, the increase in Other Income during the
year is primarily attributable to the profit earned on the sale of these commercial blocks.

13) Last year figures have been regrouped wherever necessary.

12. Provisions :

A provision is recognized when the Company has a present obligation as a result of past event; it is probable that an
outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made.
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. These are reviewed at each balance sheet date and adjusted to reflect the
current best estimates.

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. A present obligation that arises from past events where it is either not
probable that an outflow of resources will be required to settle or reliable estimate of the amount cannot be made,
is also termed as contingent liability. A contingent asset is neither recognized nor disclosed in the financial
statements.

Employee Benefits

Short term Employees Benefits:

All employee benefits payable wholly within twelve months of rendering the service are classified as short-term
employee benefits and they are recognized in the period in which the employee renders the related service. The
Company recognize the undiscounted amount of short-term employee benefits expected to be paid in exchange
for services rendered as a liability (accrued expense) after deducting any amount already paid.

Post Employee Benefits:
i. Defined Benefit Plans:

Gratuity, which is a defined benefit plan, is accrued based on an independent actuarial valuation, which is done
based on project unit credit method as at the balance sheet date. The Company recognizes the net obligation of
a defined benefit plan in its balance sheet as an asset or liability. Gains and losses through re-measurements of
the net defined benefit liability / (asset) are recognized in other comprehensive income. In accordance with Ind
AS, re-measurement gains and losses on defined benefit plans recognized in OCI are not to be subsequently
reclassified to statement of profit and loss. As required under Ind AS compliant Schedule III, the Company
transfers it immediately to retained earnings.

13. Earnings per share

Basic earnings per share are computed by dividing the net profit after tax by the weighted average number of equity
shares outstanding during the period. Diluted earnings per shares is computed by dividing the profit after tax by the
weighted average number of equity shares considered for deriving basic earnings per shares and also the weighted
average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares.

Financial risk management

The Company’s activities expose it to the following risks:

Credit risk
Interest risk
Liquidity risk

A Credit risk

Credit Risk is the risk that counter party will not meet its obligations under a financial instruments or customer contract leading to
a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables and unbilled
revenue) and from its financing activities including deposits with banks and financial institutions, investments, foreign exchange
transactions and other financial instruments,
i Trade receivables

Credit risk is managed by each business unit subject to the Company’s established policy, procedures and control relating to
customer credit risk management. Outstanding customer receivables are regularly monitored.

The impairment analysis is performed at each reporting date on an individual basis for clients. The maximum exposure to credit
risk at the reporting date is the carrying value of each class of financial assets. The Company does not hold collateral as
security.

The Company evaluates the concentration of risk with respect to trade receivables as low as they are spread across multiple
geographies and multiple industries.

ii Financial instruments and deposits with banks

Credit risk is limited as we generally invest in deposits with banks and financial institutions with high credit ratings assigned by
international and domestic credit rating agencies. Counterparty credit limits are reviewed by the Company periodically and the
limits are set to minimize the concentration of risks and therefore mitigate financial loss through counterparty’s potential failure to
make payments.

B Liquidity risk

Liquidity is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price.
The Company’s treasury department is responsible for liquidity, funding as well as settlement management. In addition,
processes and policies related to such risks are overseen by senior management. Management monitors the Company’s net
liquidity position through rolling forecasts on the basis of expected cash flows.

The Company''s principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from operations.
The Company believes that the cash and cash equivalents is sufficient to meet its current requirements. Accordingly no liquidity
risk is perceived.

Note 32:

Financial instruments

The fair value of the financial assets are included at amounts at which the instruments could be exchanged in a current transaction
between willing parties other than in a forced or liquidation sale.

The following methods and assumptions were used to estimate the fair value:

(a) Fair value of cash and short term deposits, trade and other short term receivables, trade payables, other current liabilities,
approximate their carrying amounts largely due to the short-term maturities of these instruments.

b) Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as interest
rates and individual credit worthiness of the counterparty. Based on this evaluation, if require, allowances are taken to account for the
expected losses of these receivables.

Level 1: - Quoted price (unadjusted) in active markets for identical assets or liabilities

Level 2 - Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability,
either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs)

Note: All Investments are measured at cost

Note 35: Capital Management

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 maximise the shareholder value. The Company’s capital management objectives are to maintain
equity including all reserves to protect economic viability and to finance any growth opportunities that may be
available in future so as to maximise shareholders'' value. The management and the board of directors monitors the
return on capital as well as the level of dividends to the shareholders. The Company manages its capital structure
and makes adjustments in light of changes in economic conditions.

10) The Board of Directors of Shradha Infraprojects Limited in their meeting held on 28th May, 2025, have considered
and recommended, a Final Dividend of Rs.0.50 [Rupees One Only] per equity share of face value of Rs. 2/- (Rupees
Five) each i. e. @25% (Twenty Five Percent) on the equity shares in the capital of the Company for the financial year
2024-2025 ended 31st March 2025, subject to the approval of the Shareholders (Members) of the Company.
Declaration of Final Dividend (FY 2023-24): The Company has approved and paid a final dividend of Rs.1.00
[Rupees One Only] per equity share of face value of Rs. 5/- (Rupees Five) each i.e. @20% (Twenty Percent) on the
equity shares in the capital of the Company for the financial year 2023-2024 ended 31st March 2024, at the Annual
General meeting held on 27th July 2024.

11) Other Statutory Information:

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 charges or satisfaction which is yet to be registered with ROC beyond the
statutory period.

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

iv) The Company have not advanced or loaned or invested funds to any other person or entity, 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.

v) The Company have not received any fund from any person or entity, 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.

vi) The Company does not have any such transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961
(such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

12) Last year figures have been regrouped wherever necessary.

Signatures to Notes 1 to 36
As per our report of even date attached

For Paresh Jairam Tank & Co. For and on behalf of the Board of Directors

Chartered Accountants Shradha Infraprojects Limited

Firm Reg. No.: 139681W

Sd/- Sd/- Sd/-

CA Paresh Jairam Tank Mr. Nitesh Sanklecha Mr. Shreyas Raisoni

Partner Managing Director & CFO Whole Time Director

Membership No. 103605 DIN: 03532145 DIN: 06537653

UDIN: 24103605BKEBEY2405

Sd/-

Mr. Shrikant Huddar

Company Secretary
M. No. A38910

Nagpur, May 28, 2025 Nagpur, May 28, 2025

Rights, restrictions and preferences attached to equity shares

Each shareholder of equity shares is entitled to one vote per share. The holders of equity shares are entitled to dividend as declared from time to time in proportio of their holdings. 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. The company declares and pays divided in Indian Rupees. The dividend proposed by Directors is subject to the approval of shareholders in the ensuing Annual General Meeting.

Note 29:

Financial risk management

The Company''s activities expose it to the following risks:

Credit risk Interest risk Liquidity risk

A Credit risk

Credit Risk is the risk that counter party will not meet its obligations under a financial instruments or customer contract leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables and unbilled revenue) and from its financing activities including deposits with banks and financial institutions, investments, foreign exchange transactions and other financial instruments.

i Trade receivables

Credit risk is managed by each business unit subject to the Company''s established policy, procedures and control relating to customer credit risk management. Outstanding customer receivables are regularly monitored.

The impairment analysis is performed at each reporting date on an individual basis for clients. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets. The Company does not hold collateral as security.

The Company evaluates the concentration of risk with respect to trade receivables as low as they are spread across multiple geographies and multiple industries.

ii Financial instruments and deposits with banks

Credit risk is limited as we generally invest in deposits with banks and financial institutions with high credit ratings assigned by international and domestic credit rating agencies. Counterparty credit limits are reviewed by the Company periodically and the limits are set to minimize the concentration of risks and therefore mitigate financial loss through counterparty''s potential failure to make payments.

B Interest risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument wi II fluctuate because of changes in market interest rates. The Company is having current borrowings in the form of working capital facility and Inter Corporate Loans. There is a fixed rate of interest in case of Inter corporate loans and Suppliers Credit hence there is no interest rate risk associated with these borrowings. The Company is exposed to interest rate risk associated with working capital facility due to floating rate of interest.

C Liquidity risk

Liquidity is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price. The Company’s treasury department is responsible for liquidity, funding as well as settlement management. In addition, processes and policies related to such risks are overseen by senior management. Management monitors the Company''s net liquidity position through rolling forecasts on the basis of expected cash flows.

The Company''s principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from operations. The Company believes that the cash and cash equivalents is sufficient to meet its current requirements. Accordingly no liquidity risk is perceived.

Note 30:

Financial instruments

The fair value of the financial assets are included at amounts at which the instruments could be exchanged in a current transaction between willing parties other than in a forced or liquidation sale.

The following methods and assumptions were used to estimate the fair value:

(a) Fair value of cash and short term deposits, trade and other short term receivables, trade payables, other current liabilities, approximate their carrying amounts largely due to the short-term maturities of these instruments.

b) Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as interest rates and individual credit worthiness of the counterparty. Based on this evaluation, if require, allowances are taken to account for the expected losses of these receivables.

Level 1: - Quoted price (unadjusted) in active markets for identical assets or liabilities

Level 2 - Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs)

Note: All Investments are measured at cost Note 33: Capital Management

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 maximise the shareholder value. The Company’s capital management objectives are to maintain equity including all reserves to protect economic viability and to finance any growth opportunities that may be available in future so as to maximise shareholders’ value. The management and the board of directors monitors the return on capital as well as the level of dividends to the shareholders. The Company manages its capital structure and makes adjustments in light of changes in economic conditions.

8) The Board of Directors of Shradha Infraprojects Limited in their meeting held on 30th May, 2024, have considered and recommended, a Final Dividend of Rs.1.00 [Rupees One Only] per equity share of face value of Rs. 5/- (Rupees Five) each i. e. @20% (Twenty Percent) on the equity shares in the capital of the Company for the financial year 2023-2024 ended 31st March 2024, subject to the approval of the Shareholders (Members) of the Company at the ensuing Twenty Seventh (27th) Annual General Meeting of the Company.

9) Investments in equity other than quoted shares (level 3) are measured at cost due to if insufficient more recent information is available to measure fair value. This is as per para B5.2.3 of Ind-AS 109.

10) C.I.F. value of Imports, Expenditures and Earnings in Foreign Currencies:

11) Closing balances are subject to confirmation by third parties.

12) Other Statutory Information :

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 charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

iv) The Company have not advanced or loaned or invested funds to any other person or entity, 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.

v) The Company have not received any fund from any person or entity, 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.

vi) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

13) Last year figures have been regrouped wherever necessary.

Rights, restrictions and preferences attached to equity shares

Each shareholder of equity shares is entitled to one vote per share. The holders of equity shares are entitled to dividend as declared from time to time in proportio of their holdings. 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. The company declares and pays divided in Indian Rupees. The dividend proposed by Directors is subject to the approval of shareholders in the ensuing Annual General Meeting.

A Credit risk

Credit Risk is the risk that counter party will not meet its obligations under a financial instruments or customer contract leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables and unbilled revenue) and from its financing activities including deposits with banks and financial institutions, investments, foreign exchange transactions and other financial instruments.

i Trade receivables

Credit risk is managed by each business unit subject to the Company’s established policy, procedures and control relating to customer credit risk management. Outstanding customer receivables are regularly monitored.

The impairment analysis is performed at each reporting date on an individual basis for clients. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets. The Company does not hold collateral as security.

Credit risk exposure

The Company evaluates the concentration of risk with respect to trade receivables as low as they are spread across multiple geographies and multiple industries.

ii Financial instruments and deposits with banks

Credit risk is limited as we generally invest in deposits with banks and financial institutions with high credit ratings assigned by international and domestic credit rating agencies. Counterparty credit limits are reviewed by the Company periodically and the limits are set to minimize the concentration of risks and therefore mitigate financial loss through counterparty’s potential failure to make payments.

B Liquidity risk

Liquidity is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price. The Company’s treasury department is responsible for liquidity, funding as well as settlement management. In addition, processes and policies related to such risks are overseen by senior management. Management monitors the Company’s net liquidity position through rolling forecasts on the basis of expected cash flows.

The Company''s principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from operations. The Company believes that the cash and cash equivalents is sufficient to meet its current requirements. Accordingly no liquidity risk is perceived.

Note 30:

Financial instruments

The fair value of the financial assets are included at amounts at which the instruments could be exchanged in a current transaction between willing parties other than in a forced or liquidation sale.

The following methods and assumptions were used to estimate the fair value:

(a) Fair value of cash and short term deposits, trade and other short term receivables, trade payables, other current liabilities, approximate their carrying amounts largely due to the short-term maturities of these instruments.

b) Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as interest rates and individual credit worthiness of the counterparty. Based on this evaluation, if require, allowances are taken to account for the expected losses of these receivables.

Level 1: - Quoted price (unadjusted) in active markets for identical assets or liabilities

Level 2 - Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs) Note: All Investments are measured at cost Note 33: Capital Management

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 maximise the shareholder value. The Company’s capital management objectives are to maintain equity including all reserves to protect economic viability and to finance any growth opportunities that may be available in future so as to maximise shareholders’ value. The management and the board of directors monitors the return on capital as well as the level of dividends to the shareholders. The Company manages its capital structure and makes adjustments in light of changes in economic conditions.

8) The subdivision of existing equity share of face value of Rs.10/- (ten) each fully paid up into two equity shares of face value of Rs.5/- (Five) each fully paid up has been approved by the members of the Company held on 07thJanuary, 2023 and the Board of Directors have approved (Fixed) Saturday, 21st January, 2023 as the Record date for determining the eligibility of the shareholders for sub-division/ split of equity shares.

9) The Board of Directors of the Company have recommended an Interim Dividend of Rs.2 per fully paid-up Equity Share of Rs. 10/- each for the financial year ended 31st March, 2023 (However as the Record Date for Split is Saturday, 21stJanuary, 2023 the same be construed as Rs. 1.00/- Per Share for a Fully Paid Up Equity Share of Rs. 5 Each).

10) Investments in equity other than quoted shares (level 3) are measured at cost due to if insufficient more recent information is available to measure fair value. This is as per para B5.2.3 of Ind-AS 109.

12) Closing balances are subject to confirmation by third parties.

13) Other Statutory Information:

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 charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

iv) The Company have not advanced or loaned or invested funds to any other person or entity, 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.

v) The Company have not received any fund from any person or entity, 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.

vi) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

14) Last year figures have been regrouped wherever necessary.

1) As per the special resolution passed in the Extra Ordinary General Meeting held 26th June 2017, the Company has consolidated the, Equity Shares of face value of Rs. 1 each to Equity Share of Rs. 10 each.

2) As per the special resolution passed in the Extra Ordinary General Meeting of Members held on 21st August 2017, During the year the Company has increased Authorized Share Capital from Rs. 1,10,00,000 to Rs. 11,00,00,000 divided into 1,10,00,000 equity shares of Rs. 10 each.

3) As per the special resolution passed in the Extra Ordinary General Meeting held on 21 ^st August 2017 , the Company has issued bonus shares on 24 ^th August, 2017 of 72,21,700 shares of face value Rs. 10 each in the ratio of 25:1.

4) Company has issued 21,32,000 Equity Shares of Face Value of Rs. 10 each amounting to Rs 2,13,20,000 on 06.12.17 (issue date) through Initial Public Offer. The company got listed on the SME Platform of the National Stock Exchange with effect from December 11, 2017.

Rights, restrictions and preferences attached to equity shares

Each shareholder of equity shares is entitled to one vote per share. 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.

11) In the opinion of the Board and to the best of their knowledge and belief, the value on realization of loans, advances and current assets in the ordinary course of business will not be less than the amount at which they are stated in the Balance Sheet.

12) In accordance with Accounting Standard-17 - "Segment Reporting", there are no identifiable and reportable segments. And hence segment wise reporting is not given. The major and material activities of the company are restricted to only one geographical segment.

13) There are no present obligations requiring provisions in accordance with the guiding principles as enunciated in Accounting Standard (AS)-29 ''Provisions, contingent liabilities & contingent assets.

14) Previous year''s figures have been regrouped / re-arranged wherever necessary. Some of the balances are subject to confirmation.