k. Provisions, Contingent liabilities and contingent
assets

Provisions are recognised when the Company has a
present legal or constructive obligation, as a result of past
events, and it is probable that an outflow of resources,
that can reliably be estimated, will be required to settle
such an obligation. If the effect of the time value of money
is material, provisions are determined by discounting
the expected future cash flows to net present value
using an appropriate pre-tax discount rate that reflects
current market assessments of the time value of money
and, where appropriate, the risks specific to the liability.
Unwinding of the discount is recognised in the statement

of profit and loss as a finance cost. Provisions are
reviewed at each balance sheet date and are adjusted to
reflect the current best estimate.

Contingent liabilities are not recognised but disclosed
where the existence of an obligation will only be
confirmed by future events or where the amount of the
obligation cannot be measured reliably. Contingent
assets are not recognised, but are disclosed where an
inflow of economic benefits is probable.

l. Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise
cash at banks and on hand and short-term deposits,
(which are not pledged) with an original maturity of three
months or less, which are subject to an insignificant risk
of changes in value.

m. Employee Benefits
Provident Fund / ESIC

Retirement benefits in the form of Provident Fund / ESIC
are a defined contribution scheme and the contributions
are charged to the profit and loss of the year when the
contributions to the respective fund are due. There are no
other obligations other than the contribution payable to
the respective funds.

Gratuity /Leave encashment

The obligation of assets recognised in the balance sheet
in respect to defined benefit / leave encashment value of
the defined benefit obligation at the end of the reporting
period less the fair value of plan assets .The defined
benefit obligation is calculated annually by actuaries
using the projected unit credit method.

Change in the present value of the defined benefit
obligation resulting from plan amendments or
curtailments are recognised immediately in profit of loss
as past service cost.

Re-measurement gain and losses arising from experience
adjustment and changes in actuarial assumptions are
recognised in the period in which they occur, directly in
other comprehensive income. They are included in retain
earning in the statement of changes in equity and in the
balance sheet. Re-measurements are not reclassified to
profit or loss in subsequent periods.

n. Foreign currencies

The Company's financial statements are presented in
INR, which is also the Company's functional currency.

Transactions in foreign currencies are initially recorded
by the Company into functional currency at the exchange
rate on the date of transaction. Monetary assets and
liabilities denominated in foreign currencies are translated
at the functional currency spot rates of exchange at the
reporting date.

Exchange differences arising on settlement or translation
of monetary items are recognised in profit or loss.

Non-monetary items that are measured in terms of
historical cost in a foreign currency are translated using
the exchange rates at the dates of the initial transactions.

o. Earnings Per Share

Basic Earnings per share (EPS) amounts are calculated
by dividing the profit for the year attributable to equity
holders by the weighted average number of equity shares
outstanding during the year.

p. Significant accounting judgements, estimates and
assumptions

The preparation of the Company's financial statements
requires management to make judgements, estimates
and assumptions that affect the reported amounts
of revenues, expenses, assets and liabilities, and
the accompanying disclosures, and the disclosure
of contingent liabilities. Uncertainty about these
assumptions and estimates could result in outcomes that
require a material adjustment to the carrying amount of
assets or liabilities affected in future periods.

Difference between actual results and estimates are
recognised in the periods in which the results are known
/ materialised.

Note 4.1 :

(i) Freehold land at 2 locations were held for purpose of earning capital appreciation. Hence it has been reclassified to
Investment Property as per IND AS 40.

(ii) Further, out of the above investments, land situated at Kolkata was under sale pending necessary government permissions
and the proceeds received against above transaction is shown under advance against sale of land in Note 18 hereinafter.

(iii) The land located at Raigad District (Horale), Maharashtra was previously kept under lien. The land was sold as a part of One
Time Settlement and the lender released the lien on the said land and the company booked a profit of INR 937.56 lakhs in FY
24-25. The details relating to profit on this settlement in Note 29.1 and Note 29.2.

(iv) The lien-free land as at March 31, 2026 comprised of land located in Jamnagar, Gujarat. A part of this land was sold in the
previous financial year ending March 31, 2025 resulting in a profit of INR 81.16 lakhs in that year. (refer note 29.1)

(ii) Terms/ rights attached to equity shares:

The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and
share in the Company's residual assets. The equity shares are entitled to receive dividend as declared from time to time. The
voting rights of an equity shareholder on a poll are in proportion to its share of the paid-up equity capital of the Company.
Voting rights cannot be exercised in respect of shares on which any call or other sums presently payable have not been paid.

In the event of liquidation of the Company, the holders of the equity shares will be entitled to receive remaining assets of
the Company, after distribution of all preferential amounts. The distribution will be in proportion of the shares held by the
shareholder.

(ii) Terms/ rights attached to preferential allotment of equity shares:

The Company had issued and alloted 30,00,000 Equity Shares at a price of Rs. 50/- per share (Face Value of Rs. 10/- per
share and Premium Rs. 40/- per share) on preferential allotment basis for cash consideration. The Equity Shares so allotted
rank pari-passu with the existing equity shares of the Company in all respects.

Note 29.1 : During the previous financial year, company has disposed land and some plant and machinery resulting in profit

of INR 1,018.72 lakhs and 24.23 lakhs respectively.

Note 29.2 : Prudent ARC Limited had approved One Time Settlement ("OTS") of its outstanding dues vide its approval letter
dated March 23,2024. As per settlement terms, OTS amount of Rs. 2,236 Lakhs (including interest and incidental
expenses) was paid by the Company. The Company has complied with the terms of approval of such OTS and
obtained No Dues Certificate letter dated November 11,2024.

Note 29.3 : During the previous financial year, the Company availed the benefits of GST amnesty scheme. In accordance
with the scheme, the company settled its outstanding GST liabilities for the financial years 2017-18 and 2018-19 by
paying the principal tax amounts. Consequently, the provisions made for interest relating to these periods have
been written back.

Note 29.4 : The company periodically conducts a comprehensive review of its outstanding advances. Based on this
assessment, and in accordance with the Company's accounting policies and applicable IND AS, advances
amounting to INR 191.43 lakhs (FY 24-25 : 209.99 lakhs) were determined to be irrecoverable and have been
written off.

The Company continues to evaluate its receivables and advances periodically to ensure that appropriate
provisions and write-offs are made in line with the ECL model.

Note 29.5 : During the year, the Company undertook a detailed reconciliation of its Tax Deducted at Source (TDS) liabilities,
including applicable interest, with the TRACES portal and the TDS Department.

Pursuant to such reconciliation, excess liabilities previously recognised in the books have been identified and
accordingly reversed. The impact of the same has been disclosed as an exceptional item in the Statement of Profit
and Loss.

Note 29.6 : During the previous financial year, the company had recognized certain exceptional items. These transactions did
not result in any tax liability, as the company has substantial carry forward losses and unabsorbed depreciation
under the Income Tax Act, 1961, which are available to offset taxable income.

Level 1 : Level 1 hierarchy includes financial instruments measured using quoted prices. There are no items falling under
Level 1.

Level 2 : The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximise the use of observable market data and rely as little as possible on entity-specific estimates. There
are no items falling under Level 2.

Level 3 : If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.
Note:

There are no financial liabilities which are measured at fair value - recurring fair value measurements or at amortised cost for
which fair values are required to be disclosed.

Note 31 : Capital Management

For the purpose of the Company's capital management, equity 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 the shareholder value. The Company's Capital Management objectives are to maintain equity including all reserves to
protect economic viability and to finance any growth opportunities that may be available in future so as to maximize shareholders'
value. The Company is monitoring capital using debt equity ratio as its base, which is debt to equity. The company's policy is to
keep debt equity ratio below two. There is constant endeavour to reduce debt as much as feasible and practical by improving
operational and working capital management.

Note 33 : Financial Risk Management

The Company's principal financial liabilities comprise Borrowings and trade and other payables. The main purpose of these
financial liabilities is to finance the Company's operations and to support its operations. The Company's principal financial assets
include investments, trade and other receivables, and cash and cash equivalents that derive directly from its operations.

The Company is exposed to various financial risks. These risks are categorised into market risk, credit risk and liquidity risk. The
Company's risk management is coordinated by the Board of Directors and focuses on securing long term and short term cash
flows. The Company does not engage in trading of financial assets for speculative purposes

(a) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations. Credit risk arises principally from the Company's trade receivables, receivables from deposits and
also arises from cash held with banks and financial institutions. The maximum exposure to credit risk is equal to the carrying
value of the financial assets. The objective of managing counterparty credit risk is to prevent losses in financial assets. The
Company assesses the credit quality of the counterparties, taking into account their financial position, past experience and
other factors. The Company limits its exposure to credit risk of cash held with banks by dealing with highly rated banks and
institutions.

Trade receivables are typically unsecured and are derived from revenue earned from customers located in India. Credit risk
has always been managed by the Company through credit approvals, establishing credit limits and continuously monitoring
the creditworthiness of customers to which the Company grants credit terms in the normal course of business. On account
of adoption of Ind AS 109 - Financial Instruments ("Ind AS 109"), the Company uses expected credit loss (ECL) model to
assess the impairment loss. The Company computes the expected credit loss allowance for trade receivables based on
available external and internal credit risk factors such as the ageing of its dues, market information about the customer,
industry information and the Company's historical experience for customers with forward looking experience.

(b) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company
manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when
due.

As at March 31, 2026, the Company had a working capital of INR 1,453.72 Lakhs (March 31, 2025 : INR 935.00 Lakhs). The
working capital of the Company for this purpose has been derived as follows:

(c) 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 three types of risk: interest rate risk, currency risk and other price risk, such as equity
price risk and commodity risk. Financial instruments affected by market risk include borrowings.

(i) Foreign Currency Risk

The Company does not have any exposure in foreign currency. Hence, there is no Foreign Currency Risk in the Company.

(ii) 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 exposure to the risk of changes in market interest rates relates primarily to the
Company's long-term debt obligations with floating interest rates, if applicable

Interest sensitivity Analysis :

Since the long term debt obligations carry fixed interest rates, no risk is anticipated on account of interest rate changes

Note 34 : Employee Benefits
(A) Defined Contribution Plans

During the year, the Company has recognised the following amounts in the Statement of Profit and Loss -

(B) Defined Benefit Plans

(i) Compensated Absences for employees

The leave obligations cover the Company's liability for earned leave and sick leave. The Company's liability on account
of compensated absences is not funded and hence the disclosures relating to planned assets are not applicable. The
compensated absences debited to Statement of Profit and Loss during the year amounts to INR -1.20 lakhs (March 31,
2025: INR 1.16 lakhs) and is included in Note 24 - 'Employee benefits expenses' The accumulated provision for leave
encashment aggregates to INR 2.39 lakhs (Previous year INR 1.76 lakhs).

(ii) Post-employment obligations - Gratuity

The Company has a defined benefit gratuity plan in India, governed by the Payment of Gratuity Act, 1972. The plan
entitles an employee, who has rendered at least five years of continuous service, to gratuity at the rate of fifteen day
wages for every completed year of service or part thereof in excess of six months, based on the rate of wages last drawn
by the employee concerned. The gratuity plan is a funded plan and the Company makes contributions to recognised
funds in India. The Company does not fully fund the liability and maintains a target level of funding to be maintained over
a period of time based on estimations of expected gratuity payments. This defined benefit plans expose the Company to
actuarial risks, such as interest rate risk and market (investment) risk.

Note 36.1 :

Starport Logistics Limited ("Starport") has issued a nationwide advertisement to sell the shares of ALBA Asia Private Limited
("ALBA"), pursuant to which disvestment of 10,000 equity shares was done in the F.Y. 2022-23. This has resulted in change of the
status of ALBA from Jointly Controlled Company to Associate Company. As on Balance sheet date, due to suspension of ISIN of
ALBA, the said shares are not transferred to the beneficiary and held by the Starport in Trust for the beneficiary.

Note 36.2 :

Section 2(87) of The Companies Act, 2013 defines a "subsidiary company" or "subsidiary') in relation to any other company (that
is to say the holding company), as a company in which the holding company:

(i) controls the composition of the Board of Directors; or

(ii) exercises or controls more than one-half of the total share capital either at its own or together with one or more of its
subsidiary companies:

"Total Share Capital'! for the purposes of section 2(87), means aggregate of the:-

(a) paid-up equity share capital and

(b) convertible preference share capital.

ALBA Asia Private Limited holds 99.915% of total share capital and controls the Board of Directors of West Quay Multiport
Private Limited, Hence, ALBA Asia Private Limited is holding company of West Quay Multiport Private Limited in term of
Companies Act, 2013.

The related party disclosures made in the financial statement are as per the requirement of Indian Accounting Standard
(Ind AS) - 24 on 'Related Party Disclosures!

Significant Transactions with Related Parties

The following table provides the total amount of transactions that have been entered into with related parties for the relevant
financial year:

- Impairment loss on trade receivables has been disclosed separately under the notes for trade receivable.

- Contract assets are where performance obligations has been partly discharged by the Company and the balance is to
be performed in due course.

- Contract liabilities are entity's obligation to transfer services to a customer for which the Company has received
consideration from the customer.

c) Performance Obligations

The contract (work orders) with customers include a clause of maintenance of log sheets for working hours. The log sheets
needs to be signed by authorized personnel of customer. The Company submits invoice along with the detailed log sheets
and customer makes payment after necessary verification. As per work orders entered with customers, performance
obligations for Company is to provide the crane services and once log sheets are signed by both the parties it denotes
that performance obligations is completed and Company is eligible to receive the payment as agreed. At this stage an
enforceable claim becomes due and no services are incomplete.

The contract is a fixed price contract and do not contain any financing component. The payment is generally due within 30¬
60 days. There are no other significant obligations attached in the contract with customer.

d) Determining the transaction price and the amounts allocated to performance obligations

Revenue recognised in the statement of profit and loss with the contracted price does not have any adjustments made to
the contract price.

Note 39 : Segment Information

The company is primarily engaged in the business of providing cranes on rental basis. Further all the commercial operations of
the company are based in India. Accordingly, there are no separate reportable segments.

Note 40 : The Company has got "No-Dues" Certificates from all of its Lenders and is now a debt free company.

Note 41 : The balances in Trade Receivable, Trade Payable, Advances and certain Bank balances are subject to reconciliation/
confirmation and adjustment, if any. In the opinion of the management there will be no material adjustment and if any, will be
carried out as and when ascertained.

Note 42 : The company has elected to carry its Property Plant and Equipment (PPE) at previous GAAP carrying value as its
deemed cost on the date of transition to Ind AS and thereon continued to compute depreciation as required under Companies
Act, 2013. No impairment on non-operative PPE due to corrosion and being stationed unused at remote locations have been
considered.

Note 43 : ADDITIONAL REGULATORY INFORMATION REQUIRED BY SCHEDULE III TO THE COMPANIES ACT, 2013

(i) The Company does not have any benami property held in its name. 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 thereunder.

(ii) The Company has not been declared wilful defaulter by any bank or financial institution or other lender or government or any
government authority.

(iii) The Company has complied with the requirement with respect to number of layers as prescribed under section 2(87) of the
Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017.

(iv) There is no income surrendered or disclosed as income during the year in tax assessments under the Income Tax Act,1961
(such as search or survey), that has not been recorded in the books of account.

(v) The Company has not traded or invested in crypto currency or virtual currency during the year.

(vi) The Company does not have any charges or satisfaction of charges which is yet to be registered with Registrar of Companies
beyond the statutory period.

Explanation for change in the ratio by more than 25% as compared to the previous year.

a) Current Ratio has improved since expected credit loss is reversed on account of recovery for loan. Also, the loan taken
has reduced.

b) Debt Equity Ratio has reduced as a result of repayment of loans.

c) Debt Service Coverage Ratio has worsened as a result of negative earnings.

d) Return on Equity Ratio has worsened as a result of negative earnings in the current year

e) Net Capital Turnover Ratio has reduced due to reduction in revenue from operations

f) Net Profit Ratio has decreased due to negative net profit.

g) Return on Capital Employed ratio has decreased due to negative EBIDTA.

h) Return on investment ratio has decreased due to negative EBIDTA.

* Inventory Turnover Ratio and Trade Payables Turnover Ratio is not applicable because the company is service provider.
Note 45 : Relationship with Struck off Companies

Company does not have any transaction and outstanding balance with Struck off companies