17.5 Terms/Rights attached to equity shares

The company has only one class of equity shares having a par value of Rs.2 per share. Each holder of equity shares is entitled to one vote per share The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval ofthe shareholders in the ensuing Annual General Meeting.

During the year, the Board has not recommended any dividend (PY Rs.Nil).

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. Thedistribution will be in proportion to the number of equity shares held by the shareholders.

17.6 Information on equity shares allotted without receipt of cash or allotted as bonus shares or shares bought back during the perod of five years immediately preceeding the reporting date - NIL.

• Securities Premium

Securities Premium represents the difference between the face value of the equity shares and the consideration received in respect of shares issued. The issue expenses of securities which qualify asequity instruments are written off against securities premium.

• General Reserve

The Company created a General reserve in earlier years pursuant to the provisions of the erstwhile Companies Act, 1956 wherein certain percentage of profits was required to be transferred to General reserve before declaring dividends. General reserve is a free reserve available to the Company.

• Retai ned Earnings

Retained earnings represent the amount of accumulated earningsof the company and adjustmentarising on account of transition toIndAS, net of taxes.

20.1 Disclosure as required under Micro Small and Medium Enterprises Development Act, 2006

This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006, has been determined to the extent such vendors/parties have been identified on the basis of information available with the Company and the Company could not complete the process of obtaining the status from all vendors due to the on-going financial crisis. The Company has not received any claim for interest from any supplier underthe said Act and accordingly no interesthas been paid by the Company in terms of Section 16ofthe Micro, Small and Medium Enterprises Development Act, 2006. Further, in the view of the management, the impact of interest, if any, that may be payable with the provisions of the aforesaid Act is not expected to be matenal and accordingly interest accrued and remaining unpaid at theend of the financial years is Rs. Nil/-(Rs. Nil/-)

a. No tax credits are recognized on the carry forward losses and unabsorbed depreciation, in the absence of reasonable certainty supported by convincing evidence that sufficient future taxable income will be avaiteble against which such deferred tax assets can be realized. Except for Land and Investment property no other deferred tax liabilities / assets has been recognized considering the non-recognition of deferred tax assets on the carried forward losses and unabsorbed depreciation as stated above.

b. The Company has opted for lower corporate tax rate available under section 115BAAofthe Income-tax Act, 1961 ('the Act’) as introduced by Taxation Laws (Amendment) Ordinance, 2019. Accordingly, the effective tax rate stands at25.168%.

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

Level 2 inputs are inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable in puts for the asset or liability.

There have been no transfers between the levels during the period.

Financial instruments carried at amortized cost such as trade receivables, loans and advances, other financial assets, borrowings, trade payables and otherfinancial liabilities are considered to be same as theirfair values, due to short term nature.

Forfinancial assets & liabilities that are measured at fair value, the carrying amounts are equal to the fair values.

37. Disclosures pursuanttolndAS 107 “Financial Instruments-Disclosures”: Financial Risk Management Objectives and Policies

The Company’s principal financial liabilities comprise trade and other payables. The main purpose of these financial liabilities is to finance and support Company's operations. The Company’s principal financial assets include investments, inventory, trade and other receivables, cash and cash equivalents.

The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the management of these risks. The senior management ensures that the Company’s financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company's policies and risk objectives, which are summarized below:

A. Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises two types of risk: interest rate risk and other price risk, such as equity price risk and commodity risk. The Company has no exposure to commodity prices as it does not deal in derivative instruments whose underlying is a commodity. Financial instruments affected by market risk include loans and borrowings,

a. Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company's exposure to the risk of changes in market interest rates relates primarily to the Company's long-term and short-term debt obligations with floating interest rates. The Company has the policy of managing its interest rate risk by having a balanced portfolio of fixed and variable rate loans and borrowings. As all the borrowings from the banks and financial institutions were settled completely pursuant to the One Time Settlement Plan as envisaged in Note 1 to the Financial Statement, changes in market interest rates do not significantly affect the Statement of Profit and Loss for the years ended 31 March 2025 and 31 March 2024.

B. Creditrisk

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial toss. It principally arises from the Company’s Trade Receivables and contract assets including Retention Receivables, Cash & Cash Equivalents, Advances made and Other Investments, a. Trade Receivables & Contract Assets:

(i) Trade receivables are typically unsecured and are derived from revenue earned from customers. Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. The company is not exposed to concentration of credit risk to any one single customer. Default on account of Trade Receivables happens when the counterparty fails to make contractual payment within the due date.

(ii) Trade receivables consist of Work done and Billed/ Certified (RA Bills), Contract assets consist of Work done unbilled, claims and expected certification. Generally, recoveries towards RA Bills are received as per the terms. Further for amounts overdue are constantly monitored by the management and provision towards expected credit toss are made in the books.

(iii) Trade receivables are impaired in the year when recoverability is considered doubtful based on the recovery analysis performed by the company for individual trade receivables or based on the interpreting on certain clauses in the Concession Agreement.

(iv) Management estimates of expected credit loss forthe Trade Receivables/ Contract Assets are provided below:

b. Cash and cash equivalents

The credit risk on cash and cash equivalents (excluding cash on hand) is limited because the counterparties are banks with good credit ratings.

c. Bank Balances otherthan Cash and cash equivalents

The credit risk on Bank Balances other than Cash and cash equivalents is limited because the counterparties are banks with good credit ratings.

d. Investments and Loan & advances

Investments and Loans are with group company in relation to the project execution hence the credit risk is very limited. Where Management estimates any major risk with respect to its recovery, financial loss on such loans provided are estimated and impaired.

C. Liquidity Risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company also constantly monitors funding options available in the debt and capital markets with a view to maintain financial flexibility .This note should be read along with note 1 about commencement of CIRP.

38. Disclosures pursuant to Ind AS 107 "Financial Instruments-Disclosures”:Capital Management

The Company manages its capital to ensure that the Company will be able to continue as going concern while maximising the return to stakeholders through optimisation ofdebtand equity balance. The Company is not subject to any externally imposed capital requirements.

The capital structure of the Company consists total equity of the Company. Equity consists of equity capital, share premium and all other retained earnings attributable to the equity holders.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants.

c) These plans typically expose the Company to actuarial risks such as: investment risk, longevity risk and salary risk Investment risk

The present value of the defined benefit plan liability is calculated using a discount rate determined by reference to the market yields on government bonds denominated in Indian Rupees. If the actual return on plan asset is below this rate, it will create a plan deficit.

Longevity risk

The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will increase the plan's liability.

Salary risk

The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants. As such, an increase in the salary of the plan participants will increase the plan’s liability.

Regulatory Risk

Legislative risk is the risk of increase in the plan liabilities or reduction in the plan assets due to change in the legislation / regulation. The government may amend the Payment of Gratuity Act thus requiring the companies to pay higher benefits to the employees. This will directly affect the present value of the Defined Benefit Obligation.

d) Compensated Absences

During the financial year, the Company has provided for additional Employee benefit scheme in the nature of compensated absences.

41. Segment Information

The Chief Operating Decision Maker reviews the operations of the Company as a provider of construction and infrastructural service, which is considered to be the only reportable segment by the Management. Further, the Company's operationsare in India only.

42. Additional information pursuantto Ind AS 7 - Changes in liabilities arising from financing activities

As referred in Note 1 the Company had entered into settlement plan with the lenders and the discharging of liabilities completed in due course. However, the company is in the process of obtaining the No Due Certificates from the Lendors and release of charges. Considering the above, the additional disclosure of cash flows arising from financhg activities may not provide the right information in predicting claims on future cash flows by providers of capital to the entity as required in Para 17 of Ind AS 7.

45. Others

(a) The balances of trade receivables including retention money, trade payables (including MSME), loans and advances and other liabilities are subject to confirmation/reconciliation.Management believes that no material adjustments would be required in books of account upon receipt of these confirmations and that there will not be any material impact on profit for the year and also on state of affairs as at March 31, 2025.

b) Certain statutory dues (including GST/ VAT/ PF/ TDS, etc.) could not be paid on due dates due to cash flow issues in the earlier years. Those dues had been remitted to the concerned statutory authorities during the year. Delayed payment charges (including interest and penaltiesjwhich are notascertainableasoftheyear end, will be accounted foras and when the same is demanded and settled/paid.

c) During the current year as per the past practice, the Company has assessed the financial impact on account of prolongation of the contracts' tenure which were due to reasons beyond the Company’s control and the Management is confident of completing such projects without incurring any additional cost beyond what has been estimated and that chance of incurring liquidated damages is remote.

46. Subsequent Events

There are no significant subsequent events that would require adjustments or disclosures in the financial statements as on the balance sheet

date.

47. Corporate social responsibility

The Company in view of losses incurred in the past years is not required to spend any amount towards Corporate Social Responsibility for the yearended March31,2025.

48. Approval of standalonefinancial statements

As the powersof the board of directors have been restored the standalone financial statements have been approved by the board of directors.

49. Details of Bcnami Property Held

No proceedings have been initiated on or are pending against any of the entities in the Group for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

50. Wilful Defaulter

The Company has not been declared wilful defaulter by any bank or financial institution orgovemmentorany government authority.

51. Relationship with Struck off Companies

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.

52. Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year

53. Compliance with number of Layers of Companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

54. Undisclosed Income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account

55. Valuation of Property, Plantand Equipment

The Company has not revalued its property, plant and equipment during the currentor previous year.

56. The Company is in the process of reconciling the monthly returns filed under the Central Goods and Services Tax Act 2017 (“CGST Act”) and the respective State Goods and Services Tax Act with its books and records to file the annual return for FY2024-25. Similarly, the reconciliation of refund receivable for the current year between the books of account and Form 26AS is in progress. Adjustments, if any, consequent to the said reconciliation will be given effect to in the financial statements on completion of reconciliation and filing of returns. However, in theopinion of the Management, the impact of the same will not be material.

57. The Company has not advanced or loaned or invested funds to any other persons or entities, including foreign entities (Intermediaries) with the understanding thatthe 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

The Company has not received any fund from any persons or entities, 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 ofthe ultimate beneficiaries.

Reason for Variances:

1. Dueto write back liabilities no longerrequired and addition in bank balances.

2. Increase in equity share capital due to preferential issue & conversion of unsecured loans.

3. Due to write back liabilities no longerrequired and converting unsecured loans into equity.

4. Decrease in the average trade receivables due to write off of receivables in the previous year.

5. Due to write back liabilities no longer required.

6. Increaseisduetoreduction in the average current liabilities.

7. Due to write back of liabilities no longer required in the previous financial year.

59. The company uses Citrix ERP as the accounting software and is in the process of installing the feature of recording Audit trail of each and every transaction, creating an audit log of each change made in the books of accounts along with the date when such changes were made and ensuring that the audit trail cannot be disabled.

60. Comparatives

Previous yearfigures have been re-grouped/ re-classified wherever necessary to conform to currentyear’s presentation.