12.2 Advances for land though unsecured, are considered good as the advances have been given based on arrangements/ memorandum of understanding executed by the Company and the Company/ seller/ Intermediary is In the course of obtaining cleat and marketable title free from all encumbrances

12.3 Advances given to Subsidiaries and Joint Venture Companies for purchase of land and other purposes are not considered advances In the nature of loans and have not been considered for the disclosure.

23.1 The amount of Rs. 366.59 Lakhs received from Himachal Pradesh State Electricity Board under the order of Hon'ble High Court of Himachal Pradesh is classified as liability since the said amount shall be refundable if the appeal of Himachal Pradesh Stale Electricity Board is ultimately decided against the Company.

23.2 The amount of Rs 82.90 Lakhs received from Haryana Urban Development Authority under the order of Hon'ble High Court of Puniab and Haryana is classified as liability since the said amount shall oe refundable if the appeal It the appeal of the respondent cs ultimately decided against the Company.

23.3 The Company had accepted the registration Amounts against proposed projects in Jaipur and Panipat in earlier years which was outstanding to the extent of Ks.27l.47 Lakhs as on March 31, 2025, previous year Rs. .329.47 Lakhs as on March 31.2024 and these amounts were offered to refund to the customers due to non-receipt of necessary Government approvals for the proposed projects hut inspite of the efforts made by the Company, balance number of parties did not accept the refunds of Registration Money deposited by them to the extent of Rs. 271.47 Lakhs due on March 31. 2025. However no such amount was received by the Company during the year 2024-25.'The company had transferred the balance amount payable alonwith interest to a designated Escrow account maintained with the Punjab and Sind Bank .Connaught Place .New Delhi-110001 for the purpose of refund to customers.

The company offered to refund the registration amount received against proposed projects in Jaipur and Panipat due to non-receipt of necessary government approvals for the proposed projects but in spite of efforts made by the company, balance number of parties did not accept the refunds of registration money deposited by them as on March 31, 2025. The company has made provision lor interest of Rs. 501.46 lakhs till March 31. 2025 on contingent basis in respect above amounts, however derails of individual payee has not been identified as on date and therefore in the absence of any identifiable payee, the provision of TDS are not applicable based on merits of the case and judicial precedents and further tfie actual amounts paid/credited arc subject to I DS. Therefore, the company is following the provision of TDS as and when individual payee is identified the amounts are paid credited to respective parties.

The Company as a lessee Loosing arrangements

The significant leasing arrangements entered into by Ihe Company include Ihe following:

a) The Company's lease asset ciasses primarily consist of leases for land and buildings. Buildings taken on lease for oftoo premises and residential accommodation for employees and which aiu rentnvable on a periodic basis by mutual consent of both parties The leases arrangements are cancellable by the lessee for any reason by giving notice of between I to 3 months

To assess whether a contract conveys the right to control tlm use of an identified asset the Company assesses whether (i) the contract involves the uso of an identified asset (ii) the Company has substantially all of the economic benefits from u3e of the asset through the period of the lease and (ill) the Company has the right to direct the use of Iho asset.

For these short-term and low-value leases, the Company recognizes the lease payments as an operating expense on a straight-lino basis over the lorm of tho lease

The Right of Use (ROU) assets are Initially recognized at cost, which comprises the initial amount of the lease liability ndjustnd for any loose payments made ai or prior to Ihe commencement dale ot the lease plus any inilini dueci costs less any lease incentives Tney are subsequently measured at cost less accumulated depreciation and impairment tosses

Tne assets m respect ot which the company has entered Into operating lease arrangements are included in Inventories and are Irold for sale in IIhj ordinary course of business of thu Company Therefore, no depreciation >s charged on lire leased assets n accordance with Ind AS 16.

36 Sogmont information

The chiel operating decision maker ('CODM') for the purpose of resource allocation ana assessment of segments performance focuses on Real Estate, thus operate in a single business segment The Company is operating In India which in considered as single geographical segment Accordingly, Ihe reporting requiremonts for segment disclosure as prescribed by Ind AS 108 are not applicable

39.2 Financial risk management objectives and policies

The Company's business operations arc exposed to various financial risks such as liquidity nsk. market risks, credit risk, interest rate risk, funding risk etc. Ihe Company's financial liabilities includes borrowings taken for the purpose of financing company’s operations. Financial assets mainly includes trade receivables, investment in equity instruments and security deposits.

The Company's financial risk management is an integral part of how to plan and execute its business strategics The Company's financial risk management policy is set by its Senior Management. The Company's Board oversees how management monitors compliance with the Company’s risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company.

Market risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change in the price of a financial instrument. The value of a financial instalment may change as a result of changes in the interest rates, foreign currency rates, equity prices and other market changes that affect market risk sensitive instruments. Financial instruments affected by market risk include loans and borrowings, foreign currency receivables and payables, and FVTOC’I investments.

Interest rate risk

Interest rate risk is the risk that the fair value or future cash flow s of a financial instrument will fluctuate because of changes in market interest rate. The Company is mainly exposed to the interest rate risk due to its borrowings. The Company manages its interest rate risk by having balanced portfolio of fixed and variable rate borrowings. The Company does not enter into any interest rate swaps.

Price Risk

The Company has very limited exposure to price sensitive securities, hence pi ice risk is not material. Credit Risk

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed The Company’s exposure to credit risk is mainly influenced by cash and cash equivalents, receivables from its real estate customers and financial assets measured at amortised cost.

The carrying amounts of financial assets represent the maximum credit risk exposure.

Trade rccdvablcs

"The credit risk pertaining to receivables front customers is managed, generally by receipt of sale consideration before handing over of possession and'or transfer of legal ownership rights. The credit risk is diversified due to large number of real estate projects with different customers spread over different geographies.

Liquidity Risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligation on time or at a reasonable price. The Company's finance department is responsible for liquidity, funding as well as settlement management In addition, processes and policies related to such risks are overseen by Senior Management. Management monitors the Company's net liquidity position through rolling forecasts on the basis ofexpcctcd cash flows.

42 I he Ansal Buildwell Limited had Invested Rs. 34.01 Crore in the form of equity shares and given the business advances amounting to Rs. 24.89 Crore to Ansal Crown Inf rabuild Private Limited (wholly owned Subsidiary company).

One of the Operational Creditor filed the petition against Ansal Crown Infrabuild Private Limited Company before the Hon’ble NCLT. The Hon’ble NCLT has admitted application bearing C.P.(IB) 783''2022 under section 9 of the IBBC Code 201b against the Ms. Ansal Crown Infrabuild Private Limited on dated 21st April. 2023 and accordingly the Corporate Insolvency Resolution Process (C1RP) of 1BC. 201 b is Initiated.

Further execution matters and other miscellaneous applications related to the association were listed before I lon'blc NCIRC. Consequently, the NCDRC had adjourned all these matters.

M s SWAMIH Investment Fund-1 had filed Civil Suit No. IA/909 ND 2025lnIB 132,'nd 2024 before the Hon’ble NCLT Delhi for invocation of Corporate Guarantee on Company for its claim against ACIPL. lo save Civil suit for invocation of Corporate Guarantee before the Hon’blc NCLT the Company had paid Rs.2.15.55.789/- to M/s SWAMIH Investment Fund-1 for settlement of dues of ACIPL. Accordingly . LA/909/ND/2025 stands allowed and disposed of consequently. IB/I32/ND/2024 stands dismissed as withdrawn.

43 Approval of financial statements

The financial statements were approved for issue by the board of directors on May 29.2025.