xvii. Provisions

Recognition of Provision

A provision is recognized when the company has a present obligation as a result
past event, ii) it is probable that an outflow of resources embodying economic
bent will be

required to settle the obligation and w) a reliable estimate can be made of the
amount of the obligation Were the effect of the time value of money is meal the
amount of provision shall be the present value of the expenditures expected to be
related to settle the obligation Provisions shall be reviewed at the end of each
reporting period and adjusted to reflect the current best estimate If its no longer
probable that an outflow of resources embodying economic benefits will be
required to settle the obligation the provision shall be rested

Where the company expects come or all of a provision to be reimbursed for
example under an insurance contract, the reimbursement is recognized as a
separate asset but only when the reimbursement is virtually certain The expense
relating to any provision is presented the statement of profit and loss net of any
reimbursement

xviii. Cash and cash equivalents

Cash and cash equivalents tor the purposes of cash flow statement comprise cash
at bank and in hand and short-term investments with an original maturity of three
months or less.

xix. Measurement of EBITDA

As permitted by the Guidance Note on the Revised Schedule of the Companies Act
2013, the company has elected to present earnings before interest, tax,
depreciation and amortization (EBITDA] as a separate line item on the face of the
statement of profit and loss. The company measures EBITDA on the basis of
profit/(loss] from continuing operations. In is measurement, the company does
not include depreciation and amortization expense, finance costs and tax expenses

The basic earnings per equity share are computed by dividing the net profit
attributable to the equity shareholders for the reporting period by the weighted
average number of equity shares outstanding during the reporting period.

The number of shares used in computing diluted earnings per share companies
the weighted average number of shares considered for deriving basic earnings per
share and also the weighted average number of equity shares, which may be
issued on the conversion of all dilutive potential shares, unless the results would
be ant dilutive.

xx. Leases

Where the Company is the lessee

Leases, where the less or effectively retains substantially all the risks and benefits
of ownership of the leased item are classified as operating leases. Operating lease
payments are recognized as an expense m the statement of profit and loss on a
straight line basis over the lease term.

Where the Company is the less or Assets subject to operating leases are included
in property plant and equipment Lease come on an operating income a recognized
in the statement of profit and loss on a straight line basis over the lease term
Costs, including depreciation are recognized as an expense in the statement of
profit and loss. Initial direct costs such as legal costs, brokerage costs, etc. are
recognized immediately in the statement of profit and loss.

xxi. National Company Law Tribunal (NCLT) Order dated February 7, 2025
(Ref I .A. 89/2024 IN C.P. No. 972(IB)/MB/2023) - Effect

i. the company's paid-up share capital was required to be restructured
following the approval of the Resolution Plan. This restructuring mandated
a total of 50 lakh equity shares with a face value of Re. 1.00 per share,

including the issuance of 2.50 lakh new equity shares to public
shareholders in proportion to their existing holdings as of the Resolution
Plan's approval date. However, as of March 31, 2025, the management had
not yet completed this restructuring of the paid-up share capital. The
necessary PAS-3 form for this restructuring was filed with the Ministry of
Corporate Affairs (MCA) only after March 31, 2025.

ii. In accordance with the Approved Resolution Plan, the company
management has taken steps to extinguish certain financial items,
impacting the books post-NCLT order. This includes the write-off of
unclaimed liabilities as stipulated by the resolution plan and the write-off
of unrecoverable receivables as determined by management. These
adjustments have been recorded as preliminary expenses in the financial
statements

iii. Prior to the Corporate Insolvency Resolution Process (CIRP) filing, the
Company had extended significant advances that remained outstanding at
the time of the NCLT order dated February 7, 2025 (Ref I.A. 89/2024 IN
C.P. No. 972(IB)/MB/2023).

iv. the company undertook restructuring actions including the write-back of
receivables/loans and the write-off of unclaimed payables/dues. The
resulting loss from these adjustments was recorded as preliminary
expenses (Other Current Assets) in the financial statements. However,
despite the mandated restructuring of paid-up equity share capital to 50
lacs as per the NCLT order, the financial statements continue to reflect the
paid-up equity share capital at Rs. 5,000 lacs.

1.2 Related Party T ransaction

As per Indian accounting standard on Related Party Disclosure Ind AS 24 notified
by the Companies (Indian Accounting Standard) Rules, 2015. The Company
Management has confirmed that at the time of signing of financials there are
following related party transition reported.:-

Note: Certain payments were made by Mr. Jatinbhai Ramanbhai Patel in
connection with his participation in the approved Resolution Plan for the
Company. These payments were transacted prior to the date of his appointment
as a Director and the consequent date from which he became a related party of the
Company. Accordingly, these specific Resolution Plan related payments are not
considered as part of the Company's related party transactions and disclosures
for the purpose of this note.

1.3 Contingent Liabilities

a) A contingent liability is a possible obligation that arises from past events whose
existence will be confirmed by the occurrence or non-occurrence of one or more
uncertain future events beyond the control of the company or a present obligation
that is not recognized because it is not probable that an outflow of resources will be
required to settle the obligation Contingent liability also arises in extremely rare
cases where there is a liability that cannot be recognized because it cannot be
measured reliably The company does not recognize a contingent liability but
discloses its existence in the financial statements.

Balances in respect of certain sundry debtors, sundry creditors and loans and
advances are taken as shown by the books of account and am subject to
confirmation and consequent adjustments and reconciliation if any

1.6 (i) As per the management opinion current assets, loans and advances have a
value on realization which in the ordinary course of business would not be less
than the amount in which they are stated in the balance sheet and the provisions
for all known and determined liabilities are adequate and not in excess of the
amount reasonably required.

(ii)Details of dues to micro and small enterprises as defined under the MSMED
Act2006 there are Rs. Nil of micros small and medium enterprises, to which the
Company owes dues which are outstanding for more than 45 days at March 31
2025. This information as required to be disclosed under the Micro Small and
Medium Enterprises Development Act 2006 as been determined to the extent
such parties have been identified on the basis of information available with the
Company.

1.7 Figures for the previous year have been regrouped / amended wherever
necessary

For Amit Ramakant & Co. For Alka India Limited

Chartered Accountants

FRN-009184C

Sd/- Sd/-

Sd/- Karnik Shasankan Pillai Jatinbhai Patel

Managing Director Director

CA Amit Agarwal DIN 08529650 DIN 06973337

M.No. 077407

UDIN: 25077407BMJBEW6146