Notes to Accounts of Wardwizard Innovations & Mobility Ltd.

Mar 31, 2023

Contingent liabilities and contingent assets

A contingent liability exists when there is a possible but
not probable obligation, or a present obligation that may,
but probably will not, require an outflow of resources, or
a present obligation whose amount cannot be estimated
reliably. Contingent liabilities do not warrant provisions, but
are disclosed unless the possibility of outflow of resources
is remote. Contingent assets are neither recognised nor
disclosed in the financial statements. However, contingent
assets are assessed continually and if it is virtually certain
that an inflow of economic benefits will arise, the asset
and related income are recognised in the period in which
the change occurs

3.19 Other statutory information :

(I) The Company does not have any Benami property,
where any proceeding has been initiated or pending
against the Company for holding any Benami
property.

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

(III) The Company has not traded or invested in Crypto
currency or Virtual Currency during the financial year.

(IV) the Company has not advanced or loaned or invested
funds to any person(s) or entity(is), including foreign
entities (Intermediaries) with the understanding that
the Intermediary shall: (a) directly or indirectly lend
or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the company
(Ultimate Beneficiaries) or (b) provide any guarantee,
security or the like to or on behalf of the Ultimate
Beneficiaries.

(V) The Company has not received any fund from any
person(s) or entity(is), including foreign entities
(Funding Party) with the understanding (whether
recorded in writing or otherwise) that the Company
shall: (a) directly or indirectly lend or invest in
other persons or entities identified in any manner
whatsoever by or on behalf of the Funding Party
(Ultimate Beneficiaries) or (b) provide any guarantee,
security or the like on behalf of the Ultimate
Beneficiaries.

(VI) The Company does not have any transaction which is
not recorded in the books of accounts that has been
surrendered or disclosed as income during the year
in the tax assessments under the Income Tax Act,
1961 (such as, search or survey or any other relevant
provisions of the Income Tax Act, 1961.

VII) The Company is not declared as willful defaulter by
any bank or financial institution (as defined under
the Companies Act, 2013) or consortium thereof or
other lender in accordance with the guidelines on
willful defaulters issued by the Reserve Bank of India.

3.19 Recent accounting pronouncements

Ministry of Corporate Affairs ("MCA") notifies new
standard or amendments to the existing standards under
Companies(Indian Accounting Standards) Rules as issued
from time to time. On March 31, 2023, MCA issued the
Companies (Indian Accounting Standards) Amendment
Rules, 2023, applicable from April 1, 2023, as below:

I. Ind AS 1 - Presentation of Financial Statements

The amendments require companies to disclose the
material accounting policies rather than significant
accounting policies. Accounting policy information,
together with other information, is material when
it can reasonably be expected to influence decisions
of primary users of general-purpose financial
statements

II. Ind AS 12 - Income Taxes

The amendments clarify how companies account
for deferred tax on transactions such as leases and
decommissioning obligations. The amendments
narrowed the scope of the recognition exemption
in paragraphs 15 and 24 of Ind AS 12 so that it
no longer applies to transactions that, on initial
recognition, give rise to equal taxable and deductible
temporary differences

III. Ind AS 8 - Accounting Policies, Changes in
Accounting Estimates and Errors

The amendments will help entities to distinguish
between accounting policies and accounting
estimates. The definition of a change in accounting
estimates has been replaced with a definition of
accounting estimates. Under the new definition,
accounting estimates are "monetary amounts in
financial statements that are subject to measurement
uncertainty". Entities develop accounting estimates
if accounting policies require items in financial
statements to be measured in a way that involves
measurement uncertainty.

Report on Other Legal and Regulatory Requirements

Proviso to Rule 3(1) of the Companies (Accounts) Rules,
2014 for maintaining booksOf account using accounting
software which has a feature of recording audit trail(edit
log) facility is applicable to the Company with effect from
April 1, 2023, andaccordingly, reporting under Rule 11(g)
of Companies (Audit and Auditors) Rules,2014 is not
applicable for the financial year ended March 31,2023.

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Mar 31, 2018

25. ADDITIONAL INFORMATION DETAILS:

> Corporate Social Responsibility

The requirements of section 135 and Schedule VII of The Companies Act, 2013 as well as the provisions of the Companies (Corporate Social Responsibility Policy) Rules, 2014 are not applicable to the Company.

> Capital Management (Ind AS 1)

The Company''s objectives when managing capital are to (a) maximise shareholder value and provide benefits to other stakeholders and (b) maintain an optimal capital structure to reduce the cost of capital.

For the purposes of the Company''s capital management, capital includes issued capital, share premium and all other equity reserves attributable to the equity holders.

The Company monitors capital using debt-equity ratio, which is total debt less investments divided by total equity.

Particulars	As at 31st March, 2018		As at 31st March, 2017	As at 1st April, 2016
Total Debt		2,30,000	-	-
Equity	6,62,34,993		6,61,37,982	6,60,53,330
Liquid Investments including bank deposits	-		-	-
Debt to Equity (Net)	0.003		-	-

26. First Time Adoption Of Ind AS (Ind AS 101):

The Company has prepared financial statements for the year ended 31st March, 2018 in accordance with Ind AS for the first time. For the periods upto and including the year ended 31st March, 2017, the Company prepared its financial statements in accordance with the accounting standards notified under section 133 of the Companies Act, 2013, read together with paragraph 7 of the Companies (Accounts) Rules, 2014 (Previous GAAP).

Accordingly, the Company has prepared its financial statements to comply with Ind AS for the year ending 31st March, 2018, together with comparative information as at and for the year ended 31st March, 2017, as described in the summary of significant accounting policies. In preparing these financial statements, the company''s opening Balance Sheet was prepared as at 1st April, 2016 i.e. the transition date to Ind AS for the Company. This note explains the principal adjustment made by the Company in restating its Previous GAAP financial statements, including the Balance Sheet as at 1st April, 2016 and the financial statements as at and for the year ended 31st March 2017.

Exemptions availed:

• Deemed cost for Property, Plant and Equipments and Intangible Assets:

The Company has elected to continue with the carrying value of all of its property, plant and equipment and intangible assets recognised as of April 1, 2016 (the transition date) measured as per the Previous GAAP and use that carrying value as its deemed cost as of the transition date under Ind AS.

27. Notes to the reconciliation of Equity as at 1st April, 2016 and 31st March, 2017 and Total Comprehensive income for the year ended 31st March, 2017

Reclassification of Assets and Liabilities as per Schedule III of Companies Act, 2013.

1. Under IGAAP, Loans as well as Advances were shown together under heading "Loans and Advances". However, as per Schedule III, Loans are classified under Financial Assets.

2. Current and Non-Current Liabilities have been redassified into financial and non-financial Liabilities as per the nature of liabilities.

Reconciliation of Equity:

Particulars	As at 31st March 2017			As at 1st April 2016
Assets	IGAAP	/-	Ind AS	IGAAP	/-	Ind AS
Non-current assets
a) PropertyPlant & Equipments	1,65,926	-	1,65,926	2,48,841	-	2,48,841
b) Intangible Assets	96,448	-	96,448	1,28,600	-	1,28,600
c) Financial Assets
i) Loans	6,48,25,314	-	6,48,25,314	4,52,84,403	-	4,52,84,403
d) Deferred Tax Assets				67,202	-	67,202
Current Assets
a) Inventories				2,68,218		2,68,218
b) Financial Assets
i) Trade Receivables				1,87,22,300	-	1,87,22,300
ii) Cash and Cash Equivalents	6,84,451	-	6,84,451	5,27,720	-	5,27,720
c) Cuurent Tax Assets	2,48,893	-	2,48,893	2,06,500	-	2,06,500
d) Other Current Assets	4,75,656		4,75,656	7,85,740	-	7,85,740

Reconciliation of Total Comprehensive Income for the year ended 31st March, 2017

Particulars	As at 31st March 2017
Revenue	IGAAP	Effect of Transition to Ind AS	Ind AS
Revenue from Operations	3,17,329	-	3,17,329
Other Income	37,88,831	-	37,88,831
Total Income:	41,06,160	-	41,06,160
Expenses
Changes in inventories	2,68,218	-	2,68,218
Employee benefits expense	19,31,173	-	19,31,173
Depreciation and Amortisation Expense	1,15,077	-	1,15,077
Other Expense	16,47,593	-	16,47,593
Total Expenses:	39,62,061	-	39,62,061
Profit Before Tax	1,44,099	-	1,44,099
Tax Expenses:
i) Current Tax	29,000	-	29,000
ii) Short/Excess provision for tax of previous years	(7,818)		(7,818)
iii) Deferred Tax	62,702	-	62,702
iv) Total Tax Expense	83,884	-	83,884
Profit for the year	60,215	-	60,215
Other Comprehensive Income	-	-	-
Total Comprehensive Income for the year	60,215		60,215

Reconciliation of Statement of Cash Flow for the year ended 31st March, 2017

Particulars	As at 31st March 2017
	IGAAP	Effect of Transition to Ind AS	Ind AS
i) Net Cash From Operating Activities	(25,50,837)	-	(25,50,837)
ii) Net Cash From Investing Activities	(96,335)	-	(96,335)
iii) Net Cash From Financing Activities	27,88,831	-	27,88,831
Net Increase/ (Decrease) in Cash and Cash Equivalents	1,41,659	-	1,41,659
Opening Cash & Cash Equivalent	542792	-	542792
Closing Cash & Cash Equivalent	6,84,450	-	6,84,450

28. Previous year''s figures have been regrouped/ redassified to conform to current year''s presentation.

As per our Report of even date

For G.P. Kapadia & Co.	For and on behalf of Board of Directors
Chartered Accountants
FRN : 104768W	Sd/-	Sd/-
	Nitin M Pradhan	Prabhakar Patil
	Managing Director	Director
	DIN: 01595576	DIN: 01627690
Sd/-
Dharmesh Sachade
Partner	Sd/-	Sd/-
Mem No.: 139349	Shivkumar Vaishy	Mohammed Iqbal Ali Dholakia
	Company Secretary	CFO
Mumbai, 29th May, 2018	Mumbai, 29th May, 2018

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Mar 31, 2015

Not available

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Mar 31, 2014

1. Corporate Information

Manvijay Development Company is Public Company domiciled in India. The Company was incorporated with name "Manvijay Development Company Limited" and the Certificate of Incorporation was granted by the Registrar of Companies, West Bengal on 20th October, 1982. The Company is a Real Estate Development Company & will be providing finance for infrastructure projects as joint venture/partners & operational aspect of infrastructure activities. The company is listed at The Calcutta Stock Exchange Limited and U. P. Stock Exchange Limited.

2. Segment Information:

Present year''s activities cannot be related to any segment. Hence, reporting on revenue, profit or capital employed any segments as required by Accounting Standard -17, in opinion of the management is not applicable to the Company.

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Mar 31, 2012

1. Key Management Personnel (as on 31.03.2012)

Mr. Girdhar Gopa! Daimia, Director . Mr. Manish Daimia , Director . Mr. Vijay Daimia , Director

2. Name of the Companies/Ferm/in which Directors/Key Management Personnel have significant influence with whom transaction have happened during the year,

Batekli Tea Co.Ltd.

3. Deferred Tax (AS 22)

Deferred Tax Assets / Liabilities have not been recognized since there is no virtual certainty of future taxable income available to realize such assets.

4. Expenditure / Income in Foreign Currency: Rs. NIL (Previous Year Rs. NIL)

5. Figures of the previous year have been regrouped and / or rearranged wherever necessary. .