(m) Provisions, Contingent Liabilities and Contingent Assets

The Company recognizes a provision when there is a present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made. Contingent Assets are neither recognized nor disclosed.

(n) Cash Flow Statement

The above Cash Flow Statement has been prepared under the 'Indirect Method' as set out in the Accounting Standard (AS) S " Cash Flow Statement") prescribed under the Companies (Accounting Standards) Rules, 2006.

B. Rights, preferences and restrictions attached to shares

The company is having only one class of equity shares having value of Rs. 10 per share. For all matters submitted to vote in a shareholders meeting of the Company, every holder of an equity share as reflected in the records of the Company on the date of the shareholders meeting shall have one vote in respect of each share held. Any dividend declared by the company shall be paid to each holder of Equity shares in proportion to the number of shares held to total equity shares outstanding as on that date. In the event of liquidation of the Company all preferential amounts if any shall be discharged by the Company. The remaining assets of the Company shall be distributed to the holders of equity shares in proportion to the number of shares held to the total equity shares outstanding as on that date.

Notes:

(i) Fresh issue of shares in initial public offer (IPO)

During the year ended 31 March 2023, the Company has completed initial public offer (IPO) of 16,00,000 equity shares of the face value of Rs 10/-each at an issue price of Rs. 55/- per equity share (including a premium of Rs. 45 per equity share) aggregating to Rs 880.00 Lac. The offer comprises of a fresh issue of 16,00,000 equity shares aggregating to Rs. 880.00 Lac. The equity shares of the Company were listed on 16/09/2022 on National Stock Exchange of India Limited (NSE SME Platform)

NOTE 32 CAPITAL AND OTHER COMMITMENTS

Estimated amount of contract remaining to be executed and not provided for is Rs. NIL (Previous year Rs. NIL.)

NOTE 33 SEGMENT REPORTING

The Company operates in only one segment namely 'Doing Job work of Erection and Installation of Power Transmission Lines & Installation and Maintenance of Power Stations'. The Company is operating in India, which is considered as single geographical segment. Accordingly, no disclosure is required under AS-17.

NOTE 34 Lease payments are recognized in the Statement of Profit and Loss as "Rent Expense" under Note- 27.

NOTE 35 GST closing balances of respective states are subject to reconciliation with respective returns. Liability if any shall be accounted

for on cash basis in the year of admission.

NOTE 36 The company has awarded subcontract to M/S. Ravinandan Enterprise to provide civil work services for the State of MP. The contractor has raised grievance on MSME Champions Greivance Portal for delay in payment of Rs. 38 lakhs. However, outstanding payable to subcontractor as on March 31,2023 and March 31, 2024 is Rs. 575730/- only.

NOTE 37 ADDITIONAL REGULATORY INFORMATION

a. REVALUATION OF PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS:

The company has not revalued any of its Property, Plant and Equipment or Intangible Assets in the current as well as previous year.

b. The Company has not granted Loans or Advances in the nature of loan to any Promoters, Directors, KMPs and the Related Parties (As per Companies Act, 2013), which are repayable on demand or without specifying any terms or period of repayments.

C. DETAILS OF BENAMI PROPERTY HELD

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

d. BORROWINGS ON THE BASIS OF SECURITY AGAINST CURRENT ASSETS:

During the year the company has been sanctioned cash credit facility from HDFC Bank Limited on the basis of security of current assets. The Company has complied with the requirement of filing of monthly returns / statements of current assets with the bank, as applicable, and these returns were in agreement with the books of accounts for the year ended March 31,2024 and March 31,2023.

e. WILFUL DEFALUTER

Company has not been declared as wilful defaulter by any bank or financial institution or other lender.

f. RELATIONSHIP WITH STRUCK OFF COMPANIES

Management has represented that it does not have any transaction with companies struck off undersection 248 of the Companies Act,2013 or section 560 of Companies Act, 1956.

Explanation for variance of more than 25%

1 Current Ration has improved on account of significant increase in current assets and reduction in overall trade payables.

2 Debt service coverage ratio has been increased primarily due to increase in profitability as well as loan repayment capacity.

3 Return on equity ratio has been significant increase in equity share capital due to increase in net profit during the year

4 Trade payables turnover ratio has been increased due to quick payments to trade payable pursuant to healthy internal accruals.

5 Net capital turnover ratio has been increased primarily due to increase Turnover as compared to working capital.

6 Return on Capital Employed has been increased due to increase in EBIt during the year as compared to previous year

7 Return on investment has been generated this year due to profit on sale of wholly owned subsidiary during the year.

NOTE 38 Additional Information pursuant to Provisions of Paragraph 6 of Part I of Schedule III and Paragraph 5 of Part II of Schedule III to the Companies Act, 2013 has been furnished to the extent applicable in view of the nature of business of the Company.

NOTE 39 The value of realizations of Assets, other than Property, plant and equipment and Non-Current Investments in the ordinary course of business will not be less than the value at which they are stated in the Balance Sheet.

NOTE 40 The Outstanding Balances of Trade Payables, Unsecured Loans, Trade Receivables, Deposits and Loans & Advances are subject to confirmation.

NOTE 41 Figures of the previous year have been regrouped and reclassified wherever necessary.

As Per Our Report of Even Date Attached

For Mukund & Rohit For and on behalf of the Board of

Chartered Accountants Viviana Power Tech Limited

FRN 113375W

Sd/- Sd/- Sd/-

Vinay Sehgal Nikesh Choksi Richi Choksi

Partner Director Director

Membership No. 109802 DIN : 07762121 DIN : 07020977

Place: Vadodara Date: 08.05.2024

Sd/- Sd/-

Priyanka Choksi Hiral Bhatt

C.F.O. C.S.

Place: Vadodara Date: 08.05.2024