1 Company Overview:

VXL Instruments Limited is a Public Limited Company listed in BSE Ltd. The Company is engaged in the business of manufacture and
trading of data processing units.

2 Disclosures pursuant to Ind AS 1 - "Presentation of Financial Statements"

For the purpose of the company's capital management, capital includes issued equity capital, share premium and all other equity
reserves attributable to the equity holders of the company. The primary objective of the company's capital management is to maximise
shareholder value.

3 Disclosures pursuant to Ind AS 115-" Revenue from Contracts with Customers"

Sale of Goods

Revenue is recognised when a promise in a customer contract (performance obligation) has been satisfied by transferring control
over the promised goods to the customer. Control over a promised goods refers to the ability to direct the use of, and obtain
substantially all of the remaining benefits from, those goods. Control is usually transferred upon shipment, delivery to, upon receipt
of goods by the customer, in accordance with the delivery and acceptance terms agreed with the customers. The amount of revenue to
be recognised (transaction price) is based on the consideration expected to be received in exchange for goods, excluding amounts
collected on behalf of third parties such as goods and services tax or other taxes directly linked to sales. If a contract contains more
than one performance obligation, the transaction price is allocated to each performance obligation based on their relative stand-alone
selling prices. Revenue from product sales are recorded net of allowances for estimated rebates, cash discounts and estimates of
product returns, all of which are established at the time of sale

Sale of Services (Licenses)

Revenue from licenses where the customer obtains a "right to use" the licenses is recognized at the time the license is made available to the
customer. Revenue from licenses where the customer obtains a "right to access" is recognized over the access period

4 Disclosure pursuant to Ind AS 12 - "Income taxes"

The company has not considered the deferred tax effects on the in accordance with the requirements of this standard as there is no
taxable income.

Provision for Income Tax has been created in accordance with the provisions of Income Tax Act, 1961 .

(b) Defined contribution plans

The Company makes Provident Fund contributions to defined contribution retirement benefit plans for qualifying employees. Under the
scheme, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company
recognised Rs.15,72,913/-( PY: Rs.15,24,441/-) for provident fund contributions in the profit and loss account. The contributions payable
to these plans by the Company are at rates specified in the rules of the schemes.

(c) Defined benefit Plans-Gratuity

The Company makes annual contributions to the Employees' Group Gratuity-cum-Life Assurance Scheme Master Policy of the Life
Insurance Corporation of India, a defined benefit plan for qualifying employees. The scheme provides for lump sum payment to vested
employees at retirement, death while in employment or on termination of employment of an amount equivalent to 15 days' salary
payable for each completed year of service or part thereof in excess of six months. Vesting occurs upon completion of five years of
service. The present value of the defined benefit obligation and the related current service cost were measured using the Projected
Unit Credit Method as per Ind AS 19, with actuarial valuations being carried out at each balance sheet date.

The expected return on plan assets is determined considering several applicable factors mainly the composition of the plan assets held,
assessed risks of asset management, historical results of the return on plan assets and the Company's policy for plan asset management.
The following table sets out the funded status of the gratuity plan and the amounts recognized in the Company's financial statements

13 Disclosures pursuant to Ind AS - 116 " Leases" :

The Company's Lease asset classes primarily consist of leases for Land and Building . The Company assesses whether a Contract
contains a lease, at inception of a Contract. A contract is or contains , a lease if the contact conveys the right to control the use of
an identified assets for a period of time in exchange for consideration .To assess whether a contract conveys the right to control the
use of an identified asset , the Company assesses whether: (i)the contract involves the use of an identified asset , (ii) the Company
has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the
right to direct the use of the asset.

At the date of commencement of the lease, the Company recognizes a right-of-use asset ("ROU") of and a corresponding lease
liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less(short-term leases)
and low value leases. For these short- term and low value leases, the Company recognizes the lease payments as an operating
expense on a straight-line basis over the term of the lease.

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments
are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates
of these leases.

Sl. No. i: The Honourable High Court of Karnataka has directed the Assistant Provident Commissioner to consider the grievance of
the Company for reducing the penalty.

Sl. No. ii: Karnataka High Court disposed off the sales tax review petition filed by the assessee with a direction to the Assessing
Officer to consider rectification application. Matter is pending before the jurisdictional local vat officer.

Sl. No. iii: In respect of Service Tax pending before the Commissioner Appeals and Customs Excise and Service Tax Appellate
Tribunal (CESTAT), the Company's Consultants are of the opinion that the Company has good chances of winning the case and
hence no provision has been made for the same.

SL. No. iv. Disallowance of unutilised cenvat credit for which Company has preferred appeal before Commissioner of Appeals.

Pending disposal of appeal, no provision is made.

15 Figures of the previous year have been re-cast / re-grouped / re-arranged in conformity with the presentation of the current year.

In the opinion of the Board, the current assets, loans & advances, have a value on realization in the ordinary course of business at least equal to the

16 amount at which they are stated in the Balance Sheet.

For and on behalf of the Board

Shruti Bhuwania Rajeshree Maruti Chougule

Director Director

DIN:06630867 DIN:10647042

Place: Mumbai
Date: 30-05-2024