q. Provisions, Contingent Liability and Contingent Assets

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 embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of obligation. Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates. Where doubtful debt remains unrecovered till the end of the year, the same is written off and reversed from the debtors account. Specific provisions are created in certain cases where recovery is assessed as doubtful even before the due date.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or nonoccurrence 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. A 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.

Provision for doubtful receivables / bad debts are recognised based on the detailed analysis and approval of those charged with governance on case to case basis wherein the Company do not have enough security coverage over the said receivables.

r. The Company has registered itself into as MSME unit having Udyog Aadhar Number-MH19E0049703 dt.16th November 2016 under the Micro, Small and Medium Enterprise Development Act, 2006.

EQUITY SHARES ISSUED AS BONUS

The company alloted 1,11,73,144 equity shares as fully paid up bonus shares by capitalisation of profits transferred from retained earnings amounting to Rs. 11,173.31 lacs in the quarter ended 31 March 2024, pursuant to an ordinary resolution passed dated 03 February 2024.

2.2 RIGHTS, PREFERENCE AND RESTRICTIONS ATTACHED TO EQUITY SHARES:

(The Company has one class of equity shares as at year end having a par value of Rs. 10 per share. Each Shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.)

No interest was paid during the previous years/period in terms of section 16 of the Micro, Small and Medium Enterprises Development Act, 2006 and no amount was paid to the supplier beyond the appointed day.No amount of interest is due and payable for the year of delay in making payment but without adding the interest specified under the Micro ,Small and Medium Enterprises Development Act, 2006. Nil (previous Nil) interest was accrued and unpaid at the end of the accounting period/year.No further interest remaining due and payable even in the succeeding years for the purpose of disallowance of a deductible expenditure under section 23 of the Micro, Small and Medium Enterprises Development Act ,2006 .The above information regarding Micro,Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company.

28. The Company does not have any Capital commitments, Contingent liabilities or pending litigations as at the Balance sheet date. Further, there were no derivative contracts during the year ended March 31,2024

29. Debenture Holder Fund - Debt Service Reserve Account (DSRA) Balance (Refer Note 7 (d))

(i) In the case of KKN Holdings Private Limited, amount of Rs. 782/- is to be recovered for litigation & legal expenses

(ii) In the case of Neptune Ventures and Developers Private Limited, amount of Rs. 9,79,807/- is held against reserve account balance for litigation & legal expenses.

(iii) In the case of Radius Estates and Dev Private Limited, amount of Rs. 2,44,15,875/-is held against reserve account balance balance for litigation & legal expenses.

(iv) In the case of Reddy Veeranna Investments Private Limited, amount of Rs. 59,25,300 /- is held against reserve account balance balance for litigation & legal expenses.

(v) In the case of RDP-Mera Ghar Luxuria Private Limited , amount of Rs. 1,50,000 /- is held against reserve account balance balance for litigation & legal expenses.

(vi) In the case of Unity Small Finance Bank Limited, amount of Rs. 71,60,304 /- is held against reserve account balance balance for litigation & legal expenses.

In terms of our report attached

For and Behalf of Board of Directors of

^For P V K & C° Beacon trusteeship Limited

C^hartered A^ccountants CIN: U74999MH2015PLC271288

Firm Reg. no 139505W

UDIN: 24143422BKCNOT9476

Pratapsingh Nathani Kaustubh Kulkarni

^Vinay^Luharuka Chairman & MD Director

M^aR^rtN^ne,143422 ^DIN :^{07224752 DIN : 02901117}

Place: Navi Mumbai ^{Place: Mumbai Place: Mumbai}

_{DATE: 13}.₀₅.₂₀₂₄ DATE: 13-05-2024 DATE: 13-05-2024

Sneha Patel Pratibha Tripathi

Chi_ef Finandal Offi_cer Company Secretary and Compliance Officer

^{Chief Financial Officer} _M.no.A68747

Place: Mumbai

Place: Mumbai

^Date: 13-05-2024 Date: 13-05-2024