Notes to Accounts of Arrowhead Seperation Engineering Ltd.

Mar 31, 2025

q) Provisions Contingent liabilities and contingent assets:-

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that
can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle
the obligation. Provisions are determined by the best estimate of the outflow of economic benefits
required to settle the obligation at the reporting date. Where no reliable estimate can be made, a disclosure
is made as Contingent Liability.

A disclosure for a Contingent Liability is also made when there is a possible obligation or a present
obligation that may, but probably will not, require an outflow of resources. Where there is a possible
obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no
provision or disclosure is made.

Possible obligation that arises from the 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 is reported as Contingent Liability. In the rare cases, when a liability cannot be
measures reliable, it is classified as Contingent Liability. The Company does not recognize a Contingent
Liability but disclosed its existence in the standalone financial statements.

r) Event after Reporting Date:-

Where events occurring after the Balance Sheet date provide evidence of condition that existed at the end
of reporting period, the impact of such events is adjusted within the standalone financial statements.
Otherwise, events after the Balance Sheet date of material size or nature are only disclosed.

All the events occurring after the Balance Sheet date up to the date of the approval of the standalone financial statement
of the Company by the board of directors on May 23th 2025, have been considered, disclosed and adjusted, wherever
applicable, as per the requirement of Accounting Standards.

Notes Forming Part of the Financial Statements

26. The previous year’s figures have been reworked, regrouped, and reclassified wherever necessary. Amounts and
other disclosures for the preceding year are included as an integral part of the current annual financial statements
and are to be read in relation to the amounts and other disclosures relating to the current financial year.

27. The Company has not revalued its Property, Plant and Equipment for the current year.

28. There is no Capital work in progress for the current year of the company.

29. There has Intangible assets under development in the current year.

30. Credit and Debit balances of unsecured loans, Trade Payables, sundry Debtors, loans and Advances are subject to
confirmation and therefore the effect of the same on profit could not be ascertained.

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 has not traded or invested in Crypto currency or Virtual Currency during the financial year.

33. No proceeding has been initiated or pending against the Company for holding any Benami property under the
Benami Transactions (Prohibition) Act, 1988, as amended, and rules made thereunder.

34. The company has not been declared as willful defaulter by any bank or financial institution or government or
government authority.

35. The Company has not advanced or loaned to or invested in funds to any other person(s) or entity(is), including
foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a) directly or indirectly lend to 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

36. 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 to 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.

37. The company does not have transaction with the struck off under section 248 of companies act, 2013 or section 560
of Companies act 1956.

38. The company is in compliance with the number of layers prescribed under clause (87) of section 2 of company’s act
read with companies (restriction on number of layers) Rules, 2017.

39. Foreign Currency Transactions:

Expenditure in Foreign Currency: - NIL

Earnings in Foreign Currency: - NIL

40. The balances of Trade payables, Trade Receivable and loans and advances are subject to confirmation by respective
parties.

41. 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.

42. Wherever external evidence in the form of cash memos / bills / supporting are not available, the internal vouchers
have been prepared, authorized and approved.

43. Statement of Management

(i) The current assets, loans and advances are good and recoverable and are approximately of the values,
if realized in the ordinary courses of business unless and to the extent stated otherwise in the Accounts.
Provision for all known liabilities is adequate and not in excess of amount reasonably necessary.

(ii) Balance Sheet, Statement of Profit and Loss and Cash Flow Statement read together with Notes to the
accounts thereon, are drawn up so as to disclose the information required under the Companies Act,
2013 as well as give a true and fair view of the statement of affairs of the Company as at the end of the
year and results of the Company for the year under review.

44. Related Party Reporting:

As per Accounting Standard 18, issued by the Chartered Accountants of India, The Disclosures of Transaction
with the related parties as defined in the related parties as defined in the Accounting Standard are given below:

As per our report of even date For and on behalf of Board of Directors

For and on behalf of ARROWHEAD SEPERATION ENGINEERING LTD

B.B Gusani & Associates CIN: U74210MH1991PLC062643

Chartered Accountants

FRN: 140785W

Sd/- Sd/- Sd/-

Bhargav Gusani Ajit Mundle Jyoti Mundle

^Prop^rietor Managing Director Whole Time Director

Membership No: 120710 DIN: 01745577 DIN: 01744211

Date : 23/05/2025 Date: 23/05/2025 Date: 23/05/2025

Place : Jamnagar Place: Nashik Place: Nashik

UDIN : 25120710BMHTRR6777

Sd/- Sd/-

Sitaram S Kavar Radhika Bhootra

Chief Financial Officer Company Secretary

PAN:ADQPK1825Q PAN: DAXPB9451C

Date: 23/05/2025 Date: 23/05/2025

Place: Nashik Place: Nashik

---

Mar 31, 2024

q) Provisions and contingent liabilities

The Company recognizes a provision when there is a present obligation arising from a past event that probably requires an outflow of
resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a
possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible
obligation or a present obligation that the likelihood of outflow of resources is remote, no provision or disclosure is made.

a) On 22nd November 2023, the Company has issued and allotted 5,58,000 equity shares having face value of Rs. 10 each by way of Initial Public Offer.

b) In the event of liquidation of the company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after
distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held at the time of commencement of
winding-up.

c) The Shareholders have all other rights as available to equity shareholders as per the provisions of The Companies Act, 2013, read together with the
Memorandum of Association and Articles of Association of the Company, as applicable.

d) The Company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share in the Company''s residual
assets. Equity shares are entitled to receive dividend as declared from time to time. The voting rights of an equity shareholder are in proportion to its
share of the paid-up equity capital of the Company.

e) No dividend is declared by the Company during the year ended on March 31, 2024 and March 31, 2023.

Note 31: Other Statutory Information

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

(ii) The Company did not enter into any transactions with struck off companies during the year

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

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

(v) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), 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

^(vi) The Company have not received any fund from any person(s) or entity(ies), 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,

(vii)

The Company have not any such 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.

(viii) Balance shown under head Sundry debtors, creditors and advances are subject to confirmation.

(ix) There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

(x) The Company has considered possible effects of ongoing pandamic Covid-19 while preperation of financial statements.

(xi) The Company has used all borrowings from bank and financial institution for the specific purpose for which it was taken at balance sheet date.

(xii) Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with current year’s classification.

As per our report of even date For and on behalf of Board of Directors

For and on behalf of ARROWHEAD SEPERATION ENGINEERING LTD

B.B Gusani & Associates CIN: U74210MH1991PLC062643

Chartered Accountants

FRN:140785W

Sd/- Sd/-

Sd/-

Bhargav Gusani Ajit Mundle Jyoti Mundle

Proprietor Managing Director Director

Membership No: 120710 DIN: 01745577 DIN: 01744211

Date : May 22, 2024 Date : May 22, 2024 Date : May 22, 2024

Place : Jamnagar Place: Nashik Place: Nashik

UDIN : 24120710BJZWCW9738

Sd/- Sd/-

Sitaram S Kavar Radhika Bhootra

C hief Financial Officer C ompany Secretary

PAN:ADQPK1825Q PAN: DAXPB9451C

Date : May 22, 2024 Date : May 22, 2024

Place: Nashik Place: Nashik