Notes to Accounts of Amiable Logistic (India) Ltd.

Mar 31, 2025

16 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that
an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made
Contingent liabilities are disclosed on the basis of information available with the Company. Contingent assets are not
recognized in the financial statement.

(ii) Rights, preferences and restrictions attached to shares_

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share
held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the
ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity
shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential
amounts, in proportion to their shareholding.

There was no Fresh issue or buyback of shares during the year.

During the Financial Year 2022-23, the Company had completed its Initial Public Offering (“IPO”) of 5,39,200
equity shares of Rs. 10/- each for cash at a premium of Rs. 71/- per share aggregating to Rs. 436.75 Lakhs. Pursu¬
ant to the IPO, the equity shares of the Company have got listed on the SME Platform of NSE.

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Mar 31, 2024

10 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS_

A provision is made based on reliable estimate when it is probable that an outflow or resources
embodying economic benefits will be required to settle an obligation. Contingent liabilities, if
material, are disclosed by way of notes to accounts. Contingent assets are not recognized or
disclosed in the financial statement.

11_ CONFIRMATION_

Certain confirmation of balances from sundry Debtors, Loans and Advances, Deposits and Sundry
Creditors, including Advances received from Customers are awaited and the account reconciliation
of some parties, where confirmation have been received, are in progress. Adjustment for differ¬
ences, if any, arising out of such confirmation/ reconciliation would be made in accounts on receipt
of final agreed balances/ reconciliation.

12 Miscellaneous expenditure are preliminary expenses amortized over the period of 5 year subject to
faster write-off under AS-26.

13 CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN ECHANGE EARNING AND

OUTGO_

Pursuant to rule 8 (3) of the Companies (Accounts) Rules, 2014, it is stated that the Company has
no particulars to be furnished under the head Energy Conservation and Technology Absorption
because it has carried on no manufacturing activity during the year under review. The operation of
the Company are not power intensive. The Company is, however, taking every possible steps to

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each
customer. However, management also considers the factors that may influence the credit risk of its
customer base, including the default risk of the Industry and Country in which customers operate.

The Company''s Management has established a credit policy under which each new customer is ana¬
lysed individually for creditworthiness before the Company''s standard payment and delivery terms and
conditions are offered. The Company''s review includes market check, industry feedback, past financials
and external ratings, if they are available, and in some cases bank references.

In monitoring customer credit risk, customers are reviewed to their credit characteristics, including
whether they are an individual or a legal entity, their geographic location, industry and existence of
previous financial difficulties.

The Company has asked its Suppliers to funish its MSME status details so as to facilitate the Company in
classifying them as Micro, Small & Medium Enterprises (MSME''s) but, due to lack of availability of any
such information from its Suppliers, the Company is unable to state the the dues outstanding of any
such information from its Suppliers, the Company is unable to state the dues outstanding. In the opin¬
ion of the management, the impact of interest, if any, that may be payable in accordance with the
provisions of the Act , is not expected to be material.

NOTE 22
RATIO

The Company has asked its supplier to furnish its MSME status details so as to facilitate the Company in
classifying them as Micro, Small & Medium Enterprises (MSME''s) but, due to lack of availability of any
such information from its suppliers , the Company is unable to state the dues outstanding of any such
information from its suppliers , the Company is unable to state the dues outstanding.

As per our Report of even date For and on behalf of AMIABLE LOGISTICS (INDIA)

FOR A H J & ASSOCIATES LTD

Chartered Accountants

Sd/-

(Hiren C Sanghavi) Sd/- Sd/- Lalit

Partner Mange Kishor Mange

Membership No. 045472 Managing Director Director

Firm Registration No.151685W (DIN: 00141353) (DIN: 07434537)

Sd/- Sd/-

Faizan Ansari Manali Duggal

Chief Financial Officer Company Secretary