iii) Provisions and contingent liabilities

A provision is recognized when the Company has a present obligation as a result of past event and it is probable than an outflow of resources
will be required to settle the obligation, in respect of which the reliable estimate can be made. Provisions (excluding retirement benefits and
compensated absences) are not discounted to its present value and are determined based on best estimate required to settle the obligation at
the balance sheet date. These are reviewed at each balance sheet date adjusted to reflect the current best estimates. Contingent liabilities are
not recognized in the financial statements. A contingent asset is neither recognized nor disclosed in the financial statements.

d. Revenue Recognition

Revenue is realized on time-and-material basis or Fixed Bid or Milestone as specified in the work order. Revenue from software development
on time and material basis is recognized based on Service rendered (software developed) and billed to clients as per the terms of specific
contracts. Revenue from Fixed Bid contract is recognized on monthly basis as per contract terms. Revenue from Milestone base contract is
being recognized based on effort given during the period but the Invoice is sent to customer when the milestone is achieved as per contract.
Contracts are unbundled into separately identifiable components and the consideration is allocated to those identifiable components on the
basis of their fair values. Revenue is recognized for respective components either at the point in time or over time, as applicable.

Revenue from software development contracts, which are generally time bound fixed price contracts, is recognized over the life of the contract
using the percentage-of-completion method, with contract costs determining the degree of completion.

Revenue from the sale of internally developed software solution or systems or products , whether by way of Licensing or otherwise and third
party products which do not require significant modification is recognized upon delivery, which is when the absolute right to use passes to
the customer and the Company does not have any material remaining service obligation. Revenue by way of sale of internally developed
software solution or systems or products wherein significant modification or customisation is required by customer is recognised as software
development contracts, which are generally recognized over the life of the contract using the percentage-of-completion method, with contract
costs or efforts determining the degree of completion.

Unbilled Revenue included in Other Financial Assets, represents amounts recognized in respect of services performed in accordance with
Contract terms, not yet billed to Customers as at Reporting Period end.

The Company presents Revenues net of Indirect Taxes in its Statement of profit & Loss. All other Investment income has been accounted for on
accrual basis.

Arrangements with customers for software related services ( Development, Licensing , Enhancement, Modification) are either on a fixed-price,
fixed-timeframe or on a time-and-material basis.

Revenue on time-and-material contracts are recognized as the related services are performed and revenue from the end of the last invoicing to
the reporting date is recognized as unbilled revenue. Revenue from fixed-price, fixed-timeframe contracts, where the performance obligations are
satisfied over time and where there is no uncertainty as to measurement or collectability of consideration, is recognized as per the percentage-
of-completion method. When there is uncertainty as to measurement or ultimate collectability, revenue recognition is postponed until such
uncertainty is resolved. Efforts or costs expended have been used to measure progress towards completion as there is a direct relationship
between input and productivity. Maintenance revenue is recognized ratably over the term of the underlying maintenance arrangement.

Revenues in excess of invoicing are classified as contract assets (which we refer as unbilled revenue) while invoicing in excess of revenues are
classified as contract liabilities (which we refer to as unearned revenues).

In arrangements for software development and related services and maintenance services, the Company has applied the guidance in Ind
AS 115, Revenue from contract with customer, by applying the revenue recognition criteria for each distinct performance obligation. The
arrangements with customers generally meet the criteria for considering software development and related services as distinct performance
obligations. For allocating the transaction price, the Company has measured the revenue in respect of each performance obligation of a contract
at its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its standalone
selling price. In cases where the company is unable to determine the standalone selling price, the company uses the expected cost plus margin
approach in estimating the standalone selling price. For software development and related services, the performance obligations are satisfied
as and when the services are rendered since the customer generally obtains control of the work as it progresses.

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. Revenue from
Arrangements to deliver software products generally have elements license, modification & enhancement are bundled as software development
and recognsied on percentage completion method followed by Revenue from implementation and Annual Technical Services (ATS) in terms of
respective contract. Transaction based Revenue on Licensed Product is recognised on availabilty of Transaction Volumes or monthly Fixed value
as applicable.

e. Cost recognition

Costs and expenses are recognized when incurred and have been classified according to their primary nature.

The costs of the company are broadly categorized in employee benefit expenses, depreciation and amortization and other operating expenses.
Employee benefit expenses include employee compensation, allowances paid and staff welfare expenses. Other operating expenses majorly
include fees to external consultants, rent, cost running its facilities, travel expenses, communication costs allowances for delinquent receivables
and other expenses. Other expenses is an aggregation of costs which are individually not material such us commission , bank charges, freight,
postage etc.

f. Property ,Plant & Equipment

Property, plant and equipment are stated at cost, less accumulated depreciation (other than freehold land) and impairment loss, if any.

Property, plant and equipment individually costing Rs 5,000 or less which are not capitalised except when they are part of a larger capital
investment programmed.

Depreciation is provided for property, plant and equipment so as to expense the cost less residual values over their estimated useful lives. The
estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes
in estimate accounted for on a prospective basis.

The estimated useful lives are as mentioned below:

BUILDING 60 Years

PLANT AND EQUIPMENT 3 Years/ 6 Years

FURNITURE AND FIXTURES 10 Years

VEHICLES 8 Years

OFFICE EQUIPMENT 5 Years

AIR CONDITIONER 15 Years

ELECTRICAL INSTALLATIONS 10 Years

Depreciation on fixed assets is provided using the straight-line method on the basis of useful life of assets under schedule II of the Indian
Companies Act, 2013.

g. Intangible assets

Intangible assets purchased are measured at cost or fair value as of the date of acquisition, as applicable, less accumulated amortisation and
accumulated impairment, if any.

Intangible assets/Software Licenses are amortized on there respective individual estimated useful lives on a straight line basis , commencing
from the date the assets is available to the company for its use.

The estimated useful lives are as mentioned below:

COMPUTER SOFTWARE & LICENCES 3-5 Years or as per terms

Depreciation is not recorded on Intangible Asset under Development until construction and installation are complete and the asset is ready for
its intended use. Such Assets are stated at cost.

h. Investments

Investments, which are readily realizable and intended to be held for not more than one year from the date of investment made are classified
as Current Investments. All investments other than long term investments are classified as non-current investments. Investment are valued
accordance with the applicable Ind AS .

i. Cash and Cash Equivalent

Cash and cash Equivalent includes Cash on hand, Demand Draft or Cheques on hand, Demand Deposit with Banks, other short term highly
liquid investments.

j. Foreign Currency Translation

Foreign Currency Transactions are recorded at exchange rate prevailing at the closing of the month for respective months. Exchange difference
arising on settlement was included in Profit & Loss Account till the accounts ended 30th September ‘2008. Foreign unit is considered as non¬
integral and the foreign exchange difference is transferred to “Inter Branch Foreign Fluctuation Reserve Account”. Revenue items of the Foreign
Branch are converted in equivalent Indian Rupees at the buying rate prevailing at the end of the month. Assets and Liabilities of the Foreign
Branch are converted in equivalent Indian rupees at the applicable rate prevailing at the end of the year. The effect of exchange rate fluctuation
in respect of fixed assets is adjusted with the cost of the respective assets. Investment in subsidiary Company is being valued at carrying cost
adjusted by any non-temporary decline in their value according to the requirements of statute.

k. Spares and Consumables (Computers spares accessories and stationery re charged to revenue in the year they are purchased.)

l. Cash Flows are reported using the indirect method whereby profit for the period is adjusted for the effects of transactions of non cash nature,
any deferrals ,accruals of past and future operating cash receipts and payments associated with investing and financing cash flows. Cash from
operating, investing and financing activities are segregated.

m. Employee Benefits

Contribution of Employers share to Employees' Provident Fund and ESI are worked on accrual basis and charged to Profit & Loss Account. The
Company also provides for Gratuity and Leave Encashment based on actuarial valuation, annually, made by an independent actuary as per IAS
19 Compliance of The Institute of Chartered Accountants of India, Actuarial gains and losses are recognised in full in the other comprehensive
income at the of the year.

n. Income Tax

Current Income tax expense comprise taxes on income from operation in India and in foreign jurisdiction. Income tax payable in India is
determination in accordance with the provision of Income Tax Act 1961. Tax expense relating to foreign operation is determined in accordance
with the laws applicable in countries where such operations are domiciled.

Advance tax and provisions for current income taxes are presented in the Balance Sheet after setting off advance taxes paid and income tax
provision arising in the same tax jurisdiction and where the company intends to settle the assets and liabilities on a net basis.

Deferred income tax asset are recognised to the extent that it is probable that taxable profit will be available against which the deductible
temporary differences and the carry forward of unused tax credits and unused tax losses can be utilised.

The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that
sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilised.

Deferred tax assets and liabilities are measured using substantively enacted tax rates expected to apply to taxable income in the years in which
the temporary differences are expected to be received or settled.

Deferred tax assets and liabilities are offset when they relate to income taxes levied by the same taxation authority and the relevant entity
intends to settle its current tax assets and liabilities on a net basis.

o. Financial instruments

i) Initial recognition

The company recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. Initial
recognition has been measured at its fair value plus or minus transaction costs that redirectly attributable. Regular purchase and sale of
financial assets are accounted for at trade date.

ii) Financial assets at amortised cost

The company recognizes financial assets and financial liabilities when it becomes a party to the contractual provisions of the instrument. All
financial assets and liabilities are recognized at fair value on initial recognition, except for trade receivables which are initially measured at
transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities, that are
not at fair value through profit or loss, are added to the fair value on initial recognition. Regular way purchase and sale of financial assets are
accounted for at trade date.

iii) Financial assets at fair value through other comprehensive income

Financial assets are measured at fair value through other comprehensive income if these financial assets are held within a business whose
objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give
rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

iv) Financial assets at fair value through Profit & Loss

Financial assets are measured at fair value through profit or loss unless it is measured at amortised cost or at fair value through other
comprehensive income on initial recognition. The transaction costs directly attributable to the acquisition of financial assets and liabilities at fair
value through profit or loss are immediately recognised in profit or loss.

v) Investment in subsidiaries

Investment in subsidiaries are measured at cost.

vi) Derecognition of financial instruments

The company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the
financial asset and the transfer qualifies for Derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is derecognized
from the company's balance sheet when the obligation specified in the contract is discharged or cancelled or expires.

p. Asset taken on Lease

Asset & liabilities for all leases taken for a term of more than 12 months are recognised as per IND AS 116 unless underlined assets is of low
value

q. Impairment of Assets

Property, plant and equipment are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not
be recoverable. When a review for impairment is conducted, the recoverable amount is assessed by reference to the net present value of
expected future post-tax cash flows of the relevant cash generating unit or fair value less cost to sell, whichever is higher. The discount rate is
applied, based upon the weighted average cost of capital with appropriate adjustments for the risks associated with the relevant business. Any
impairment in value is charged to the Income Statement in the year, which it occurs.

Expected Credit Loss: As per Ind AS 109, the company uses expected credit loss model to assess to impairment of loss or gain. The company
uses provision metrics to compute expected credit loss allowances. For Trade receivables and unbilled revenue, the provision metrics takes into
account available external & internal credit risk factors such as delay risk & default risk.

r. Segment Reporting

The company's operating business are organized and managed as per Location of the client. Common costs are allocated to the cost based on
the Revenue Mix. Unallocated costs are disclosed separately. The company prepare its segment information in conformity with the accounting
policy adopted for preparing and presenting the financial statement of the Company as a whole.

s. Earnings per share

Basic earning per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average
number of equity shares outstanding during the period.

For calculating diluted earning per share, the net profit or loss for the period attributable to equity shareholders and the weighted average
number of share outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

(A) Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial
loss. The Company is exposed to credit risk from its operating activities

(primarily trade receivables) including deposits with banks and investments, foreign exchange transactions and other financial instruments.

i) Trade receivables

Customer credit risk is managed by the management subject to the Company's established policy, procedures and control relating to customer
credit risk management. Trade receivables are non-interest bearing. Outstanding customer receivables are regularly monitored.

At each reporting date the Company measures loss allowance for certain class of financial assets based on historical trend industry practice
and the business environment in which the Company operates.

The Company's maximum exposure to credit risk for the components of the balance sheet at 30th June 2024 and 31 March 2024 is the
carrying amounts of trade receivables.

Provision for expected credit loss

In determination of the allowance for credit losses on receivables, the Company has used a practical experience by computing the expected
credit losses based on ageing matrix, which has taken into account historical credit loss experience and adjusted for forward looking
information.

ii) Financial instruments and cash deposits

Credit risk from balances with banks and investments is managed by the Company in accordance with the Company's policy. Investments
of surplus funds are made only with approved counterparties and within credit limits assigned to each counterparty. The limits are set to
minimise the concentration of risks and therefore mitigate financial loss through counterparty's potential failure to make payments.

(B) Liquidity risk

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are
settled by delivering cash or another financial asset.

Management monitors rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis of
expected cash flows.

(i) Maturities of financial liabilities

The tables below analyse the Company's financial liabilities into relevant maturity groupings based on their
contractual maturities:

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances
as the impact of discounting is not significant.

(C) Market risk

(i) Foreign currency risk

The Company deals with trade payables and is therefore exposed to foreign exchange risk associated with exchange rate movement.

(ii) Price risk

The Company's exposure to equity securities price risk arises from investments held by the Company and classified in the balance sheet at
fair value through profit and loss. To manage its price risk arising from investments in equity securities, the Company diversifies its portfolio.
Diversification of the portfolio is done in accordance with the limits set by the Company.

(vii) Undisclosed income

The company has not surrendered or disclosed any 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.

(viii) Corporate Social Responsibility

The Company is not covered under section 135 of the companies Act 2013 and rules made thereunder , yet Company has contributed a sum
of Rs 50 Lacs under CSR towards education.

(ix) 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.

(x) Valuation of PP&E, intangible asset and investments

There is no revaluation of PP&E, Intangible assets and investment Property.

(xi) Benami Property

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

41 Additional Regulatory Information required by Schedule III

(i) Borrowing secured against current assets

The Company does not have any borrowings in the form of term loans, overdraft and extended credit secured against Current Assets.

(ii) Wilful defaulter

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

(iii) Relationship with struck off companies

The Company has not entered into any transactions with the companies struck off under Companies Act, 2013 or the Companies Act, 1956.

(iv) Compliance with number of layers of companies

There is no non-compliance with regard to the number of layers of companies prescribed under clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017.

(v) Compliance with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

(vi) Utilisation of borrowed funds and share premium

The Company has not advanced or loaned or invested funds to any other person or entity, including foreign entitiy (Intermediary) with the
understanding that the Intermediary shall:

a) directly or indirectly lend or invest in other person or entitiy 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 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 person or entitiy 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

42 The Company is primarily engaged in the rendering services relating to maintenance and testing of Computer Software . These cannot be
expressed in any generic units. Hence it is not possible to give the quantities details of sales and certain information as required under
paragraph 5 (viii) ‘(c) of general instructions for preparation of statement of profits and loss as per revised schedule VI of the Companies Act
2013.

43 The previous year figures have been regrouped, reclassified and restated, wherever necessary, to correspond with the current year's
classification.

⁴⁴ Financial figures have been rounded off to nearest ? Lac.

For CHATURVEDI & CO. LLP

CHARTERED ACCOUNTANTS

^(Reg. ^no : ^{302137E/E300286 )} ON BEHALF OF THE BOARD

Sd/-

CA NILIMA JOSHI ^{Sd/- Sd/- Sd/-}

_p V. SURANA R.RAMARAJ R.R. JAIN

.... , CFO & COMPANY CHAIRMAN MANAGING DIRECTOR

M. No. 52122

SECRETARY DIN:00090279 DIN : 00122942

DATED: APRIL 30, 2025

PLACE : Kolkata ^{Mem no:11559}