Borrowing costs directly attributable to the acquisition and construction of an asset which takes a substantial
period of time to get ready for its intended use are capitalized as a part of the cost of such assets, until such time
the asset is substantially ready for its intended use. All other borrowing costs are recognized in the Statement of
Profit and Loss in the period they occur. Borrowing costs consist of interest and other costs incurred in
connection with borrowing of funds.

Other borrowing costs are expensed in the period in which they are incurred.

Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief
operating decision maker.

Property, plant and equipment

Freehold land is carried at historical cost. All other items of property, plant and equipment are stated at historical
cost less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the
items. Cost may also include transfers from equity of any gains or losses on qualifying cash flow hedges of foreign
currency purchases of property, plant and equipment.

Subsequent cost is included in the asset's carrying value amount recognized as a separate asset as appropriate,
only when it is probable that future economic benefits associated with the item will flow to the group and the
cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate
asset is derecognized when replaced. All other repairs and maintenance are charged to profit or loss during the
reporting period in which they are incurred.

Depreciation / Amortization

Depreciation on property, plant & equipment is provided as specified in Schedule II to the Companies Act, 2013.
Trade and other payables:

These amounts represent liabilities for goods and services provided to the company prior to the end of financial
year which are unpaid. Trade and other payables are presented as current liabilities unless payment is not due
within 12 months after the reporting period. They are recognized initially at their fair value and subsequently
measured at amortized cost using the effective interest method.

Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest lakhs as per
the requirement of Schedule III, unless otherwise stated.

For Ashok Bairagra & Associates For and on behalf of the Board of Directors

Chartered Accountants
Firm Reg. No. 118677W

Ashish Jalan Gaurav Doshi Ronak Doshi

Partner (M.No. 125707) Chairman & Whole Time Director

UDIN: 24125707BKCSTT2486 Managing Director & CFO

Place: Mumbai Place: Mumbai Place: Mumbai

Date : 30-05-2024 Date: 30-05-2024 Date: 30-05-2024

15(b) Fair value hierarchy

No financial instruments are recognised and measured at fair value for which fair values are determined using the judgements and
During the year there are no financial instruments which are measured at Level 1 and Level 2 category.

The fair value of financial instruments referred above have been classified into three categories depending on the inputs used in the
valuation technique. The hierarachy gives the highest priority to quoted prices in active market for identical assets or liabilities (level 1
measurements) and lowest priority to unobservable inputs (level 3 measurements). The categories used are as follows :

Level 1: This hierarchy includes financial instruments measured using quoted prices.

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. If all significant inputs required to
fair value an instrument are observable, the instrument is included in 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.

There are no transfers between the levels during the year.

Valuation processes :

For level 3 financial instruments the fair values have been determined based on present values and the discount rates used were
adjusted for counterparty or own credit risk.

The carrying amounts of all financial assets and iabilities are considered to be the same as their fair values.

The Company's business activities expose it to a variety offinancial risks, namely liquidity risk, market risks and credit risk. The Company's senior management has
overall responsibility for the establishment and oversight of the Company's risk management framework. The Company has constituted a Risk Management
Committee, which is responsible for developing and monitoring the Company's risk management policies. The key risks and mitigating actions are also placed
before the Audit Committee of the Company. The Company's risk management policies are established to identify and analyse the risks faced by the Company, to
set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect
changes in market conditions and the Company's activities.

A.Management of Liquidity Risk:

Liquidity risk is the risk that the company will face in meeting its obligations associated with its financial liabilities. The company's approach to managing liquidity is
to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses. In doing this, management considers both normal
and stressed conditions. A material and sustained shortfall in our cash flow could undermine the company's credit rating and impair investor confidence.

The following table shows the maturity analysis of the company's financial liabilities based on contractually agreed undiscounted cash flows as at the balancesheet
date:

B. Management of Market risks

Market risks comprises of:

- price risk; and

- interest rate risk

The company does not designate any fixed rate financial assets as fair value through profit and loss nor at fair value through OCI.Therefore company is not
exposed to any interest rate risks.Similary company does not have any financial instrument which is exposed to change in price.

C. Management of Credit Risks

Credit risk is the risk of financial loss to the company if a customer or counter-party fails to meet its contractual obligations.

Trade receivables

Concentrations of credit risk with respect to trade receivables are limited, due to the company's customer base being large and diverse and also on account of
member's deposits kept by the company as collateral which can be utilised in case of member default. All trade receivables are reviewed and assessed for
default on a quarterly basis.

Our historical experience of collecting receivables, supported by the level of default, is that credit risk is low.

Company is not exposed to any other credit risks.

D. Capital Management

The company considers the following components of its Balance Sheet to be managed capital:

Total equity as shown in the balance sheet includes retained profit and share capital.

The company aim to manages its capital efficiently so as to safeguard its ability to continue as a going concern and to optimise returns to our shareholders. The
capital structure of the company is based on management's judgement of the appropriate balance of key elements in order to meet its strategic and day-to-day
needs. We consider the amount of capital in proportion to risk and manage the capital structure in light of changes in economic conditions and the risk
characteristics of the underlying assets. In order to maintain or adjust the capital structure, the company may adjust the amount of dividends paid to shareholders,
return capital to shareholders or issue new shares.

The company's policy is to maintain a stable and strong capital structure with a focus on total equity so as to maintain investor, creditors and market confidence
and to sustain future development and growth of its business. The company will take appropriate steps in order to maintain, or if necessary adjust, its capital
structure. company is not subject to financial covenants in any of its significant financing agreements.

The management monitors the return on capital as well as the level of dividends to shareholders.

Note 17: Segment information

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating
Decision Maker ("CODM") of the CompanyThe CODM, who is responsible for allocating resources and assessing
performance of the operating segments, has been identified as the Director of the Company. The company has
identified the company as one reportable segment based on the information reviewed by CODM.

(a) Description of segments and principal activities

The Company is engaged In business of renting & leasing.The Company provide services to external customers.

(b) Segment revenue

The company operates as a single segment. The segment revenue is measured in the same way as in the statement of
profit or loss.

No revenue/sales is generated by the company. Hence the bifurcation for segment wise and region wise bifurcation is
NIL

Note 20: Note

The company has availed working capital (Secured ) loans from Punjab National Bank and Bank of India. The accounts
has been classified as non performing assets in F.Y 2015 - 16 by the respective banks vide their letter dated 11-05¬
2016 with effect from 31-03-2016 due to non service of interest. Further the lead bank Punjab National Bank has
initiated action as provided under section 13(4) of the SARFAESI Act 2002.

Cash credit limit from Punjab National Bank and Bank of India for Rs. 10 crore and 5 crore respectively, which has
been classified as "Non - Performing Assets" by the lead banker as on 31-03-2016. The company has not received
balance confirmation from the bankers since 31-03-2016. Pending confirmation received the company has not
provided for interest payable in the financial statement till 31-03-2019 since the same is not quantifiable and
acordingly the loss for the year is understated to that extent.

We refer to the outstanding debtor's receivable as reflected in current assets of Rs. 41,10,67,159/- which are
outstanding for more than three years. The amount outstanding are not confirmed by the parties and no provision
has been made.

We refer to the outstanding creditor's payable as reflected in current liabilities of Rs. 15,82,47,094/- which are
outstanding for more than three years. The amount outstanding are not confirmed by the parties and the company
has not written off the same.

Note 23: Contingent Liabiltiy and Commitments Rs. Nil ( Nil)

Note 24: Previous Year Comparatives:

Previous Year figures have been regrouped, recast and reclassified where ever necessary to confirm to current
year's presentation.

For ASHOK BAIRAGRA & ASSOCIATES For and on behalf of the Board of Directors

Chartered Accountants

Firm Registration No. 118677W Gaurav Doshi

Chairman & Managing Director
DIN:00166703

Ashish Jalan

Partner Membership No. : 125707 Ronak Doshi

UDIN: 24125707BKCSTU8001 Whole Time Director & CFO

Place: Mumbai DIN: 00102959

Dated: 30th May 2024