Notes to Accounts of Aashka Hospitals Ltd.

Mar 31, 2025

26.17 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

A provision is recognized if, as a result of a past event, the Company has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation.

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 standalone financial statements.
Contingent liabilities and commitments are reviewed by the management at each balance
sheet date.

Contingent assets are not recognized 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 recognized in the period in which the change occurs.

NOTES TO ACCOUNTS: -

27. The notes referred to in the Balance Sheet and Profit and Loss Account forms an integral part
of the accounts.

28. Balances of "Other Advances", "Trade Payables" and "Trade Receivables", are subject to
confirmations and reconciliations.

29.In the opinion of the Board of Directors, the current assets, loans and advances are
approximately of the value stated, if realized in the ordinary course of business.

30. Previous year figures have been regrouped / rearranged wherever it founds necessary.

31. MICRO, SMALL AND MEDIUM SCALE BUSINESS ENTITIES:

A sum of Rs 1939/- is payable to MSME payables as at 31^st March, 2025 (PY Rs 5899/-).
There is Micro and Small Enterprises Payable, to whom the Company owes dues, which is
outstanding for more than 45 days during the year. This information as required to be
disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been
determined to the extent such parties have been identified on the basis of information
available with the Company and provided to us.

• Hypothecation of Plant & Machineries. (Assets ID: - 200014852345),

• Hypothecation of Stock & Book Debts.

• Equitable Mortgage of Hospitals Land & Building Situated at Sy No. 168/1 of
2005 Sq. Mts and Sy No. 168/2, of 1055 Sq, Mts of total admeasuring of 3060
Sq. Mts, Village-Sargasan, Tehsil Gandhinagar in the name of Aashka Hospital
Ltd.

^Collateral Security: -

Equitable Mortgage of Plot no NA Land S. No. 404, 405, 406, 407, 408, 409,
412, 413, 414, at Dharmoda, Tal Chanasma, Dist Patan, Gujarat admeasuring
66155 Sq. Mts Owned by Mr. Rameshbhai Maganbhai Desai & Mr. Bipin
Dineshchandra Shah (Asset ID: - 200006252445)

2. Term Loan against residential property from Bank of India

Equitable Mortgage of Property situated at, Bunglow No. 39, Chaitnyanagar Society,

Opp. Saviour Hospital, Stadium Road, Navrangpura, Ahmedabad, Gujarat.

40. Additional Regulatory Information:

40.1 Company do not have any Immovable Property whose Title Deed is not held in the name of
Company.

40.2 There is No Revaluation of any Property, Plant and Equipment.

40.3 There are no Loans or Advances in the nature of loans are granted to promoters, Directors,
KMPs and the related parties either severally or jointly with any other person.

40.4 There is no Property, Plant and Equipment of company which is in Capital-Work-in
Progress.

40.5 There is no Intangible assets which is under development.

40.6 There are no proceedings been initiated or pending against the company for holding
any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)

and the rules made there under.

40.7 There are no borrowings of Company from banks or financial institutions on the basis of
security of current assets.

40.8 The company is not declared as wilful defaulter by any bank or financial institution or other
lender.

40.9 The company has no Relationship / transactions with struck off companies.

40.10 There is no charge pending for registration beyond the stipulated time period.

40.11 The company do not have any Holding or Subsidiary companies hence Compliance
regarding number of layers of companies is not applicable.

As per our report of even date

For : Parimal.S.Shah & Co. For & on Behalf of Board

Chartered Accountants.

FRN:107591W

1.Bipin Shah (DIN : 00934108)
Managing Director

2.Shreyarthi Shah (DIN : 02253942)
Director

3. Mayank Agarwal (M.No: A55107)
Company Secretary

4. Lokesh Khandelwal

(P.S.Shah) CFO (PAN : AXSPK1780C)

Proprietor
M.NO.: 038507

Place : Ahmedabad

UDIN : 25038507BMIFSJ7208 Place : Ahmedabad

Date : 27-05-2025 Date : 27-05-2025

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Mar 31, 2024

32.SECURED LOANS:

a) Following are the secured loans obtained by the company:

1. Cash Credit Limit from Bank of India. Ellisbridge Branch

2. Term Loan Facilities from Bank of India. Ellisbridge Branch

3. Working Capital Term Loan (WCTL) from Bank of India. Ellisbridge Branch

4. Term Loan Facility from SREI Equipment Finance Ltd.

5. Housing Loan from Bank of India. Ellisbridge Branch

The above Facilities are secured by the following security;

1. Cash Credit Facility, Term Loan I & WCTL from Bank of India is secured by —— Primary Security: -

• Hypothecation of Plant & Machineries. (Assets ID: - 200014852345),

• Hypothecation of Stock & Book Debts.

• Equitable Mortgage of Hospitals Land & Building Situated at Sy No. 168/1 of 2005 Sq. Mts and Sy No. 168/2, of 1055 Sq, Mts of total admeasuring of 3060 Sq. Mts, Village-Sargasan, Tehsil Gandhinagar in the name of Aashka Hospital Ltd.

— Collateral Security: -

Equitable Mortgage of Plot no NA Land S. No. 404, 405, 406, 407, 408, 409, 412, 413, 414, at Dharmoda, Tal Chanasma, Dist Patan, Gujarat admeasuring 66155 Sq. Mts Owned by Mr. Rameshbhai Maganbhai Desai & Mr. Bipin Dineshchandra Shah (Asset ID: - 200006252445)

2. Term Loan against residential property of Director from Bank of India

Equitable Mortgage of Property situated at, Bunglow No. 39, Chaitnyanagar Society,Opp. Saviour Hospital, Stadium Road, Navrangpura, Ahmedabad, Gujarat

33.Contingent Liabilities & Commitments (to the extent not provided for): - (? in ''000)
	Particulars	For the Year Ended 31st March, 2024	For the Year Ended 31st March, 2023
	Contingent Liabilities
	Claim against the Company not acknowledged as debt	Nil	Nil
	Guarantee	Nil	Nil
	Other money for which the Company is contingently liable	Nil	Nil
	Commitments
	Estimated amount contracts remaining to be executed on capital account and not provided for	Nil	Nil
	Uncalled liability on shares and other Investments partly paid	Nil	Nil
	Other Commitments	Nil	Nil

34. Additional Regulatory Information:

34.1 Company do not have any Immovable Property whose Title Deed is not held in the name of Company.

34.2 There is No Revaluation of any Property, Plant and Equipment.

34.3 There are no Loans or Advances in the nature of loans are granted to promoters, Directors, KMPs and the related parties either severally or jointly with any other person.

34.4 There is no Property, Plant and Equipment of company which is in Capital-Work-in Progress.

34.5 There is no Intangible assets which is under development.

34.6 There are no proceedings been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)

and the rules made there under.

34.7 There are no borrowings of Company from banks or financial institutions on the basis of security of current assets.

34.8 The company is not declared as wilful defaulter by any bank or financial institution or other lender.

34.9 The company has no Relationship / transactions with struck off companies.

34.10 There is no charge pending for registration beyond the stipulated time period.

34.11 The company do not have any Holding or Subsidiary companies hence Compliance regarding number of layers of companies is not applicable.

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Mar 31, 2023

The company has only one class of equity shares, having par value of Rs. 10/- per share. Each holder of equity share is entitled for one vote per share and have a right to receive dividend as recommended by the board of directors subject to the necessary approval from the shareholders. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company after distributing of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders. The board of directors have recommended dividend of Rs. Nil per share.

13. SECURED LOANS:

a) Following are the secured loans obtained by the company;

1. Cash Credit Limit from Bank of India. Ellisbridge Branch

2. Term Loan Facilities from Bank of India. Ellisbridge Branch

3. Working Capital Term Loan (WCTL) from Bank of India. Ellisbridge Branch

4. Term Loan Facility from SREI Equipment Finance Ltd.

5. Housing Loan from Bank of India. Ellisbridge Branch

The above Facilities are secured by the following security;

1. Cash Credit Facility , Term Loan I & WCTL From Bank of India is secured by ^Primary Security:-

• Hypothecation of Plant & Machineries.( Assets ID :- 200014852345),

• Hypothecation of Stock & Book Debts.

• Equitable Mortgage of Hospitals Land & Building Situated at Sy No. 168/1 of 2005 Sq. Mts and Sy No. 168/2, of 1055 Sq, Mts of total admeasuring of 3060 Sq. Mts , Village-Sargasan, Tehsil Gandhinagar in the name of Aashka Hospital Ltd.

^Collateral Security:-

Equitable Mortgage of Plot no NA Land S. No. 404, 405, 406, 407, 408 , 409, 412, 413, 414, at Dharmoda , Tal Chanasma , Dist Patan, Gujarat admeasuring 66155 Sq. Mts Owned by Mr. Rameshbhai Maganbhai Desai & Mr. Bipin Dineshchandra Shah (Asset ID :- 200006252445).

Equitable Mortgage of Open Plot Sr. No. of NA Land, Survey No. 84,98,144,148,155,160,165, 169,196 & 208. Block No.531,542, and 543 at Dharisana, Taluka Degham, Dist Gandhinagar owned by Shri Bipin Shah, Shri Haresh Shah & Shri Girish Shah. (Asset ID :- 200006252445).

Equitable of Open Plot at Sanj Upvan Survey No. of NA Land Survey No. 6,8,11,12,12/A,46,47,50,52,54,57,69,79,83,95,105,106,192,193,197,200,204 Block No. 531 at Dharisana, Taluka- Degham Dist Gandhinagar owned by Shri Bipin Shah, Shri Haresh Shah and Shri Girish Shah.

Equitable of Open Plot NA Land Sanj Upvan Plot No. 107, 108,109,112,112/A,114 to 116, 124,128, 131 to 133, 136, 137, 140, 141, 149, 153 & 194 of Block No. 531 & 543 at Dharisana, Taluka- Degham Dist Gandhinagar owned by Shri Bipin Shah, Shri Haresh Shah and Shri Girish Shah.

2. Term Loans from SREI Equipment Finance Ltd

^Primary Security:-

Hypothecation of Cath Lab Equipment of the Company.

^¦Collateral Security:-

Registered Mortgage of Commercial Land (Plot No 30 to 45) admeasuring 11481 sq yards located at Mouje - Dharisana , Taluka - Dahegam, Gandhinagar District & Owned by Mr. Bipin Shah and his brothers Mr. Harish Shah and Dinesh Shah

3. Term Loan against residential property of Director from Bank of India

Equitable Mortgage of Property situated at, Bunglow No. 39, Chaitnyanagar Society , Opp. Saviour Hospital, Stadium Road, Navrangpura, Ahmedabad, Gujarat

14. Contingent Liabilities & Commitments ( to the extent not provided for ):- ('' in Lacs)
	Particulars	For the Year Ended 31st March, 2023	For the Year Ended 31st March, 2022
	Contingent Liabilities
	Claim against the Company not acknowledged as debt	Nil	Nil
	Guarantee	Nil	Nil
	Other money for which the Company is contingently liable	Nil	Nil
	Commitments
	Estimated amount contracts remaining to be executed on capital account and not provided for	Nil	Nil
	Uncalled liability on shares and other Investments partly paid	Nil	Nil
	Other Commitments	Nil	Nil