(m) Provisions

A provision is recognized when the company has a present obligation as a result of past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

Where the company expects some or all of a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain. The expense relating to any provision is presented in the statement of profit and loss net of any reimbursement.

(n) Segment reporting Primary segment:

The company’s operating businesses are organized and managed separately according to the nature of services provided, with each segment representing a strategic business unit that offers different products and serves different markets.

Geographical segment:

The Company primarily operates in India only. Accordingly, no separate segmental information has been provided herein.

(o) Contingent liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. The company does not recognize a contingent liability but discloses its existence in the financial statements.

(p) Cash and Cash equivalents

Cash and cash equivalents for the purposes of cash flow statement compose casj*^/£^an5^hd in hand and short-term investments with an original maturity of three months or less. ft *. * f

27 D eferred Tax Asset/ Li abili ty

The Company has recognized deferred tax assets comprising timing difference of depreciation and other expenditure, since in the opinion of the management, there will be sufficient taxable income available against which such deferred tax assets can be realized,

28 Insurance claims received

During the Year no Insurance Claim received by the company.

29 The Company does not provide any equity-based compensation to its employees.

30 The Company has borrowings from bank on the basis of security' of current assets. The quaterly return/ statements of current assets filles by the company are in aggrement with the books of accounts.

31 The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory' period.

32 The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benarni property under the Benami Transactions (Prohibition)

Act, 1988 and rules made thereunder.

33 Capital and other commitments

(a) At March 31, 2024 the Company has capital commitment for Rs. Nil (March 31 2023: Nil).

(b) For commitment relating to lease agreement is also nil.

34 Previous year’s figures have been regrouped where necessary to confirm to this year’s classification. ___

ICA1 Firm’s Registration No. 000203N For and on behalf of the Board of \\

ICAl Firm's Registration No. 000203N Promax Power Limited l(s(

Chartered Accountante^^^a^.

i Nor

( Pfomax PowerUfflitM ^ -

Shweta Bhai dwaj Ankit R Shah

Partner Managing Director Director Company Secretary

Membership No: 553645 DIN: 03133388 DIN: 03521776

Place: Chandigarh

Date: 30.05.2024 '

Udin: 24553645BKCPHM1807 Amamath Dev

Chief Financial Officer