1.2 Provision for Taxation:

a The Company has during the year, provided the current year tax liability of Rs. 446.90 Lakhs (previous year Rs. 260.41 Lakhs) calculated as per the provisions of Income Tax. As the Company has adopted new tax regime hence no MAT credit is available under new tax regime.

b Company has recognised deferred tax credit of Rs. 8.07 Lakhs (previous year deferred tax credit of Rs. 24.33 Lakhs) during the year pertaining to timing difference which will be reversed in subsequent year. There is virtual certainty of such benefits being available in future period and thus the income has been recognised. The major components of Deferred Tax assets and deferred tax liabilities as at 31st March'2025 arising out of timing differences.

1.3 Leases

Lease payments of Rs 207.7305 (Previous year Rs. 156.85) have been recognized as expenses in the statement of profit & loss for the year ended March 31, 2025. Lease are cancellable and current financial year & future lease payments are shown as below: -

1.4 Sundry Debtors, Sundry Creditors, unsecured loans and advances are subject to confirmation by the respective parties and reconciliation. The impact of the differences, if any will be given in the year of settlement of accounts.

1.5 The company has entered into an agreement with Shri. Manoj D. Rakhasiya for use of the brand MCPL, which is owned by him and has paid Interest Free Security and Performance Deposit of Rs.675 (Rs. In Lakhs) and has paid Royalty of Rs. NIL for the current year for the use of his Brand for its business purpose.

1.6 Figures of the previous year have been rearranged / reclassified wherever necessary, to correspond with current year presentation

1.7 The Tally back up of Books of Accounts in electronic form is maintained on daily basis in server located at Unit No. 2 to 8, Building no 19 and 24, Indian Corporation Compound, Opp. Gajanan Petrol Pump, Mankoli Naka, Dapode Road, Bhiwandi Thane 421302.

Note 2.1(a): Terms & Conditions:

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share.

Authorised share capital of the Company was increased from Rs. 8,50,00,000 consisting of 85,00,000equity shares of face value of Rs. 10 each to Rs. 22,00,00,000 consisting of 2,20,00,000 equity shares of face value of Rs. 10 each.

During the financial year ended 31st March 2025, the Company has issued 30,73,000 equity shares through an Private placement on a preferential Basis at Face Value of Rs. 10 each and Securities Premium of Rs. 151 each per share on 16th December 2024 and 21st December 2024.

In the event of liquidation, the equity shareholders eligible to receive the residual assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Note 2.1(c):Preference Share Dividend Waiver

During the financial year ended 31st March 2025, the holders of 250000 preference shares of the Company, with a dividend rate of 15%, voluntarily waived their right to receive dividends for the Financial Year 2024-25

As a result, no dividend has been accrued or paid on these shares for the year ended 31st March 2025. The waiver was formally documented and approved by the Board of Directors on 05th April 2024, and was in accordance with the provisions of the Companies Act, applicable corporate governance policies, and the terms and conditions of the preference shares.

This waiver does not affect the rights of the preference shareholders in respect of dividends in future periods unless otherwise waived or modified.

Notes :

The Company has allotted convertible warrants in two tranches as follows:

10,00,000 Warrants Compulsory Convertible into Equity Shares were allotted on 16th December 2024 to the Other than Pramoters and 14,00,000 Warrants Compulsory Convertible into Equity Shares were allotted on 21st December 2024 to the Pramoters against receipt of 25% of the total consideration for each warrant at the time of allotment.

Each warrant entitles the holder to apply for and be allotted one fully paid-up equity share of the Company having a face value of Rs. 10/- each, upon payment of the balance 75% of the issue price (i.e., Rs. 120.75 per warrant).

The warrants are convertible into or exchangeable for equity shares within a period of 18 months from the date of respective allotments, in one or more tranches, at the discretion of the warrant holders, by exercising the conversion option.

Note 4.1: Security for loan against vehicle from bank A) Secured by way of:

T erm loan from bank is secured against the vehicle.

Note 4.2: Security for term loan Secured by way of:

Union Bank of India-UGECL

Primary: Extension of charge over Stock and Book debts Collateral: Extension of charge over Existing collateral security

Second charges on Primary and collateral Securities on following property:

1) Property Owned by Manoj Dharamshi Rakhasiya :

Property Address :Shop No. 1, 2 & 1/A, Ground Floor, A wing, Krishna kunj, Cooperative Housing Society, Opp. Paras Dham & Near Shri Gurukrupa Beg Hotel, Vallabh Baug Lane, Plot no. 140, Village Ghatkopar Kirol, Ghatkopar (East)-400077

2) Property Owned by Anjana Manoj Rakhasiya :

Property Address : Flat No. 904, Tower 2, Vijay Galaxy, Vijay Nagari, Near Waghbil Naka, Above NKGSB Bank, Waghbil Road, OGB Road, Thane (west), Village Kavesar, Thane-400607 Indian Bank

Registered mortagage of commercial land and building i.e. hotel cum resort situated at Chandekasare village, survey no. 21/4, Mikat no. 636, i. e. Friends hotels and resorts on Shirdi-nashik road, Near Arjun adevnture park, Tal. Kopargoan, Dist Ahmednagar. Collateral guarantee given on behalf of director by his friend.

ICICI Home Finance Co. Ltd (LOAN AGAINST PROPERTY)

Registered mortagage of residential land and building Property located at Flat No. 101,1204, 1601, Hs Ozone Tenure,186 Bldg No 3, Pant Nagar, Ghatkopar, Mumbai 400075.

Note 4.3: Unsecured Loans from Others-ICD

Rupa Renaissance Limited loans are repayable at end of 5 years and Rupa Infotech and Infrastructure Pvt. Ltd. are repayable at end of 10 years from the date of disbursement. The terms of the loans do not involve any security or collateral and are based on mutual agreement between the parties.

Note 6.1: Security for Cash Credit from Bank

Primary security hypothecation of stocks and book debts both present and future.

Collateral Security on following Property:

1) Property Owned by Manoj Dharamshi Rakhasiya :

Property Address :Shop No. 1, 2 & 1/A, Ground Floor, A wing, Krishna kunj, Cooperative Housing Society, Opp. Paras Dham & Near Shri Gurukrupa Beg Hotel, Vallabh Baug Lane, Plot no. 140, Village Ghatkopar Kirol, Ghatkopar (East)-400077

2) Property Owned by Anjana Manoj Rakhasiya:

Property Address : Flat No. 904, Tower 2, Vijay Galaxy, Vijay Nagari, Near Waghbil Naka, Above NKGSB Bank, Waghbil Road, OGB Road, Thane (west), Village Kavesar, Thane-400607 The cash credit carries an interest of EBLR 4.75%.

Reason for differences:

1) There is a discrepancy between the amount reported in quarterly statement / return and the amount as per books of account. Discrepancies are due to the following reasons.

The company to meet the compliance needs has to submit its data within stipulated time lines. Accordingly, the data prevailing as on those reporting dates as per books of accounts are submitted to banks, which is subject to adjustment for discrepancy if any.

Note 29: Earnings Per Share

Disclosure as required by Accounting Standard - AS 20 "Earnings Per Share" notified under The Companies (Accounting Standards] Rules, 2006 (as amended).

The Company has issued potential diluted equity share and therefore the Basic and Diluted earnings per Share will be the different. The earnings per share is calculated by dividing the profit after tax by weighted average number of shares outstanding.

Note 33: Gratuity (Core Employees)

The Company has a funded defined benefit gratuity plan for it's core employees and is governed by the Payment of Gratuity Act, 1972. Under the Act, employee who has completed five years of service is entitled to specific benefit. The level of benefits provided depends on the member's length of service and salary at retirement age.

The following tables summarise the components of net benefit expense recognised in the summary statement of profit or loss and the funded status and amounts recognised in the statement of assets and liabilities for the respective plans:

The disclosure in respect of the defined Gratuity Plan are given below:

Note 34: Other Statutory Information

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

ii. The Company is not declared wilful defaulter by any bank or Financial institution or other lender during the year.

iii. The Company does not have any transactions with companies struck off.

iv. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

v. The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the 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

vi. The Company has not received any fund from any person(s) or entity(ies), 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 of the Ultimate Beneficiaries

vii Company has not traded or invested in Crypto currency or Virtual currency during the financial year 2024-25

viii Company has not recorded any transaction in the books of accounts that has been surrendered or disclosed as income during the year in 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)

ix. Company has not revalued its Property, Plant and Equipment (Including right-of-use asset) or Intangible asset during the current and previous financial year

*Note:Provision for Gratuity had to be reworked for the year ended 31st march 2024 due to an error in the calculation. The provision required for the year ended 31st March 2024 was Rs. 57.18 lakh whereas the provision made was Rs. 27.42 lakh. Hence the amount of Rs. 29.77 lakh is being debited to as prior period expense.