ij Provisions, contingent liabilities and contingent assets

Provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of
resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions are not discounted
to present value and are determined based on best estimate required to settle the obligation on the Balance Sheet date. These are
reviewed at each Balance Sheet date and adjusted to reflect the current best estimates. A disclosure for a contingent liability is made
when there is a present obligation that may, but probably will not, require an outflow of resources. Disclosure is also made in
respect of a present obligation as a result of past event that probably requires an outflow of resource, where it is not possible to
make a reliable estimate of the outflow. Possible obligation that arises from past events and 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 are also included in the disclosure of the contingent liability. Where there is a present obligation in respect of which the
likelihood of outflow of resources is remote, no provision or disclosure is made. Contingent assets arc not recognised in the
financial statements. However, contingent assets are assessed continually and if it is virtually certain that an inflow of economic
benefits will arise, the asset and related income are recognised in the period in which the change occurs.

^m) Income taxes

Tax expense comprises of current tax and deferred tax. Current income tax is measured at the amount expected to be paid to the
tax authorities in accordance with the provisions of Income Tax Act, 1961 as applicable to the financial year. Deferred income
taxes reflects the impact of current year timing differences between taxable income and accounting income for the year and reversal
of timing differences of earlier years.

Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the balance sheet date.
Deferred tax assets are recognised only to the extent that there is reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realized. In situation, where the company has unabsorbed depreciation or
carry forward of losses, deferred tax assets are recognised only if there is virtual certainty supported by convincing evidence that
they can be realised against future taxable profits.

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ⁿ) Inventories

Inventories are carried at the lower of cost or net realisable value.

Cost of inventories comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their
present location and condition. In determining the cost, FIFO method is used.

Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the
estimated costs necessary to make the sale.

The proportionate amount of additional duty of customs paid on finished goods imported for trading and lying unsold as at the
year end has been included in the value of the finished goods stock.

The comparison of cost and net realisable value is made on an item-by-item basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and balance with banks on current accounts. The Company considers all highly
liquid investments, including bank deposits with an original maturity at the date of purchase of three months or less and that are
readily convertible to known amounts of cash to be cash equivalents. Further, bank deposits having maturity of more than 12
months have also been disclosed separately by the company under this head. Moreover, the cash flow statement is prepared using
indirect method.

_pj Segment Reporting

The Company operates in a single primary business segment. Hence, there arc no reportable segment as per AS 17 segment
Reporting.

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

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

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

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

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

(a) direcdy or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of die company (Ultimate Beneficiaries) or

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

(vi) The Company have not received any fund from any person(s) or entity(ies), including foreign entities (bunding 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 bclaalf of the bunding Party (Ultimate Beneficiaries) or

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

(vii) The Company have not any such transaction which is not recorded in the books of account that has been surrendered or disclosed as income during the year m 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.

34 Previous year's figures have been regrouped and rearranged wherever necessary to correspond to current year’s classification.

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

For Suraj Mishra & Associates For and on behalf of the board of directors of

Chartered Accountants _m__ CLN Energy Private Limited

Firm's Registration

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Suraj Mishra H MOIDA ’ I Sunil Gandh, Meniah Shah I \

Proprietor l IN>«/1Director Director —y

Memhetahip No iWtJrNSV Ay/DIN: 0W33754 DIN: 10)43779 \S

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Place: Noida ^ Place: Noida Place: Noida <—

Date: 03 June 2024 ^----^ Date: 03 June 2024 Date: 03 june 2024 \

DDIN: 2.M ^80435^^2-1 P.83'1 1 '