Notes to Accounts of Atal Realtech Ltd.

Mar 31, 2025

2.15. Provisions and contingencies

A provision is recognized when there is a present obligation as a result of a past event and it
is probable that an outflow of resources will be required to settle the obligation, in respect
of which a reliable estimate can be made. These are reviewed at each balance sheet date
and adjusted to reflect the current best estimates.

When there is a possible obligation in respect of which the likelihood of outflow of resources
is remote, no provision or disclosure is made.

Note 3.1:

(a) The company has only one class of shares referred to as equity shares having a par value of INR 10 each. Each holder of equity shares is
entitled to one vote per share and dividend in Indian rupees, if proposed by the Board of Directors, which is subject to the approval of the
shareholders in the ensuing Annual General Meeting.

(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.

(a) A Vehicle Loan form the Bank of Baroda amounting to Rs. 15,00,000 Carries the interest rate of 9.15% per annum. The
vehicle loan is secured by the vehicle purchased.

(b) A Vehicle Loan form the HDFC Bank amounting to Rs. 40,00,000 Carries the interest rate of 9.35% per annum. The
vehicle loan is secured by the vehicle purchased.

(c) A Vehicle Loan form the HDFC Bank amounting to Rs. 39,96,545 Carries the interest rate of 8.75% per annum. The
Vehicle loan is secured by the vehicle purchased.

(d) A Loan for Tower crane from the HDFC Bank amounting to Rs. 54,12,000, Carries the interest rate of 9.35% per annum.
The Loan is Secured by the Equipment.

* The company has received Order from Goods and Services Tax Department, amounting to Rs.45,75,236 for FY 2017-18, Rs.
68,70,791 for FY 2019-20 and Rs. 53,89,626 for FY 2022-23. However, the company has filed an appeal against the
aforementioned orders. As there is possible obligation which will be confirmed only by the future events and not wholly within
the control of the company, hence the amount has been reported as a contingent liability.

Note 31 : Details of dues to Micro and Small Enterprises as defined under the MSMED Act

There are no Micro and Small Enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006 to
whom the Company owes dues on account of principal amount together with interest and accordingly, no additional disclosures
have been made. The above information regarding Micro and Small Enterprises has been determined to the extent such parties
have been identified on the basis of information available with the Company.

Note 32: Disclosures pursuant to Indian Accounting standard (Ind AS) 115, Revenue from Contracts with
Customers.

1. Disaggregation of revenue

The Company believes that the information provided under note 20, Revenue from Operations is sufficient to meet the
disclosure objectives with respect to disaggregation of revenue under Ind AS 115, Revenue from Contracts with Customers.

4. Unsatisfied performance obligation

The Company Appies the practical expedient in paragraph 121 of Ind AS 115 and does not disclose information about remaining
performance obligation where the company has a right to consider from customer in an amount that corresponds directly with
the value to the customer of the Company’s performance completed to date. Accordingly the Company recognizes revenue by
an amount to which the Company has a right to invoice.

Note 38 : Previous year''s figures

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s
classification/ disclosure.

Note 39 : Rounding off

The Figures appearing in the Financial statements are rounded off to the nearest of thousand rupees.

Note 40 : Financial Risk Management

Financial Risk Factors: The Company''s principal financial liabilities comprise borrowings and trade payables. The main purpose
of these financial liabilities is to manage finances for the Company''s operations. The Company''s activities expose it to a variety
of financial risks:

(i) Credit Risk: Credit risk arises from cash and cash equivalents and deposits with bank(s) / other company, as well as credit
exposure to counter party that will not meet its obligations under a financial instrument or customer contract, leading to a financial
loss. The company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing
activities.

(ii) Market Risk: Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency
exchange rates, interest rates, credit, liquidity and other market changes.

a) Interest rate risk: Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in market interest rates. The Company''s exposure to the risk of changes in market interest rates relates
primarily to the Company''s total debt obligations with floating interest rates.

b) Foreign Exchange Risk: The Company generally transacts business in Indian National Rupee (INR). The Company does not have
any foreign currency financial instruments and therefore is not exposed to foreign exchange risk.

c) Price Risk: During the financial year, the company engaged in construction industry. The price volatility of these services in
domestic and international markets does not generally affect the operating activity of the Company.

(iii) Liquidity Risk: Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral
obligations without incurring unacceptable losses. Prudent liquidity risk management implies maintaining sufficient cash and
marketable securities and the availability of funding through an adequate amount of committed

credit facilities to meet obligations when due and to close out market positions. The Company relies on a mix of borrowings, capital
infusion and excess operating cash flows to meet its needs for funds. The current committed lines of credit are sufficient to meet
its short to medium term expansion needs. Management monitors the Company''s liquidity position through rolling forecasts on the
basis of expected cash flows.

(i) Market Risk: Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency
exchange rates, interest rates, credit, liquidity and other market changes.

Note 43 : Details of Crypto Currency or Virtual Currency

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

Note 44 : Corporate Social Responsibility (CSR)

As per the provisions of section 135 of the Companies Act 2013, the company is not mandatorily required to constitute a Corporate
Social Responsibility Committee and spend funds for the Corporate Social Responsibility (CSR) activities. Accordingly, disclosure
requirement is not applicable.

b) The Company has not advanced or loaned or invested funds to any other persons or entities, including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:

(i) 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

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

c) The Company has 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:

(i) 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

(ii) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries
Note 47: Approval of Financial Statements

The Financial Statements were approved for issue by the Board of Directors at its meeting held on May 15, 2025.

Note 48 Operating Segments

Information given in accordance with the requirements of Ind AS 108 on Operating Segments:

Business Segment

The chief operating decision maker (CODM) has identified two primary business segments viz. Works Contract/ Government Contracting and Real Estate
business.

These segments have been identified and reported taking into account the nature of the products / services, the differing risks and returns, the
organisational structure and internal business reporting system.

1. Revenue and expenses have been identified to a segment on the basis of direct relationship to operating activities of the segment. Expenditure which are
not directly identifiable but has a relationship to the operating activities of the segment are allocated on a reasonable basis

2. Inter segment transfer consists of material, labour and overhead which are recorded at cost.

Note 49: Details of Charges or Satisfation to be Registered with the ROC

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

Note 50: Wilful defaulter

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

Note 51: Compliance with the number of Layers as prescribed

The Company is in compliance with the number of layers prescribed under clause (87) of
Section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of
Layers) Rules, 2017 (as amended).

Note 52: Details of Loans and Advances given to the Promoters, Directors, KMP or Realted
Parties

The Company has not given any loans or advances in the nature of loans to promoters,
directors, KMPs and/ or related parties (as defined under Companies Act, 2013), either
severally or jointly with any other person, that are repayable on demand, or without
specifying any terms or period of repayment.

Note 53: Provision for Bad and Doubtful Debts

The Company filed a petition before the Hon''ble National Company Law Tribunal (NCLT) for
recovery of dues from one of its debtors. However, based on the current status of the case
and the legal proceedings so far, the management considers the chances of recovery to be
remote.

Accordingly, the Company has created a provision for bad and doubtful debts for the said
amount in the financial statements. This provision has been made in accordance with the
applicable accounting standards.

As the case is still pending before the Hon''ble NCLT, the provision will be reviewed and
adjusted based on the final outcome of the proceedings. Any subsequent recovery or write¬
off will be accounted for in the period in which the outcome is known.

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Mar 31, 2024

Note 6.1 : There are no unbilled and not due trade receivables, hence the same has not been disclosed in ageing schedule

Note 6.2 : Out of above debtors, we have filed a claim under Section 8 of the Insolvency and Bankruptcy Code, 2016, to recover dues of Rs. 2,46,15,112 from Vivaan Multi-Structures Ltd. This claim has been admitted by the National Company Law Tribunal (NCLT) as per order no. C.P. (IB) 349/ MB/ 2023 dated February 13, 2024. The recovery of this amount is contingent upon the submission of a resolution plan by the eligible resolution applicants. As of the date of finalization of books, no resolution plans have been submitted.

(a) The company has only one class of shares referred to as equity shares having a par value of INR 2 each (INR 10 each for previous year) . Each holder of equity shares is entitled to one vote per share and dividend in Indian rupees, if proposed by the Board of Directors, which is subject to the approval of the shareholders in the ensuing Annual General Meeting.

(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.

Note 13.1 : General Reserve is created from time to time by way of transfer from profits that is retained in the organisation. Moreover,General Reserve is created by transfer of one component of equity to another and is not an item of Other Comprehensive Income.

Note 14.1 : Secured Loan from bank consists of the following -

a) Vehicle loan from Bank amounting to Rs. 15,00,000. The loan carries an interest rate of 9.15% per annum and repayable in 60 equal installment. The vehicle loan is secured by the vehicle purchased.

b. Machinery loan from Bank amounting to Rs. 79,96,545/-. The loan carries an interest rate of 8.75% per annum and repayable in 48 equal monthly installments. The machinery loan is secured by the machinery purchased.

Note 16.1 : Secured Loan from bank consists of the following -

a) Company has availed credit facility from Bank of Rs. 10,50,00,000/-. The effective rate of interest is 9.25% per annum. The facility is secured by Immovable property located at Nashik.

(a) Trade payables include Rs. Nil (As at March 31, 2021: Rs. Nil) due to micro, small and medium enterprises registered under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED).

(b) The Company is in the process of compiling relevant information from its suppliers about their coverage under the Micro, Small and Medium Enterprises Development Act, 2006. As the Company has not received any intimation from its suppliers as on date regarding their status under the above said Act and hence disclosures if any relating to amounts unpaid as at year end together with the interest paid /payable as required under the said Act have not been given.

(c) There are no unbilled and not due trade payables, hence the same has not been disclosed in ageing schedule.

Note 31	: Contingent liabilities not provided for
	Particulars	As at March 31, 2024	As at March 31, 2023	As at April 1, 2022
(a)	Guarantees and letter of credit given by the Company to suppliers, government bodies and performance guarantee	15,965	32,757	60,521
(b)	Goods and Service Tax*	34,197.99	66,289	-
	Total	50,163	99,046	60,521

* The company has received Order from Goods and Services Tax Department, amounting to Rs. 1,78,23,428 for FY 2018-19, Rs. 1,09,84,940 for FY 2019-20 and Rs. 53,89,626 for FY 2022-23. However, the company has filed an appeal against the aforementioned orders. As there is possible obligation which will be confirmed only by the future events and not wholly within the control of the company, hence the amount has been reported as a contingent liability.

Note 32 : Details of dues to Micro and Small Enterprises as defined under the MSMED Act

There are no Micro and Small Enterprises as defined in the Micro, Small and Medium Enterprises Development Act,

Note 40 : Previous year''s figures

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification/ disclosure.

Note 41 : Rounding off

The Figures appearing in the Financial statements are rounded off to the nearest of thousand rupees.

(i) Ind AS 101 (First-time Adoption of Indian Accounting Standards) provides a suitable starting point for accounting in accordance with Ind AS and is required to be mandatorily followed by first-time adopters. The Company has prepared the opening Balance Sheet as per Ind AS as of 1st April, 2022 (the transition date) by:

a) recognising all assets and liabilities whose recognition is required by Ind AS,

b) not recognising items of assets or liabilities which are not permitted by Ind AS,

c) reclassifying items from previous Generally Accepted Accounting Principles (GAAP) to Ind AS as required under Ind AS, and

d) applying Ind AS in measurement of recognised assets and liabilities.

(iii) Ind AS 101 mandates certain exceptions and allows first-time adopters exemptions from the retrospective application of certain requirements under Ind AS. The Company has applied the following exemptions in the financial statements:

a) Property, plant and equipment and intangible assets were carried in the Balance Sheet prepared in accordance with previous GAAP on 31st March, 2015.

b) Ind AS estimates on the date of transition are consistent with the estimates as at the same date made in conformity with previous GAAP.

c) The company has assessed classification and measurement of financial assets based on facts and circumstances prevalent on the date of transition to Ind AS.

Financial Risk Factors: The Company''s principal financial liabilities comprise borrowings and trade payables. The main purpose of these financial liabilities is to manage finances for the Company''s operations. The Company''s activities expose it to a variety of financial risks:

(i) Credit Risk: Credit risk arises from cash and cash equivalents and deposits with bank(s) / other company, as well as credit exposure to counter party that will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities.

(ii) Market Risk: Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency exchange rates, interest rates, credit, liquidity and other market changes.

a) Interest rate risk: Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company''s exposure to the risk of changes in market interest rates relates primarily to the Company''s total debt obligations with floating interest rates.

b) Foreign Exchange Risk: The Company generally transacts business in Indian National Rupee (INR). The Company does not have any foreign currency financial instruments and therefore is not exposed to foreign exchange risk.

c) Price Risk: During the financial year, the company engaged in construction industry. The price volatility of these services in domestic and international markets does not generally affect the operating activity of the Company.

(iii) Liquidity Risk: Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral obligations without incurring unacceptable losses. Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed

credit facilities to meet obligations when due and to close out market positions. The Company relies on a mix of borrowings, capital infusion and excess operating cash flows to meet its needs for funds. The current committed lines of credit are sufficient to meet its short to medium term expansion needs. Management monitors the Company''s liquidity position through rolling forecasts on the basis of expected cash flows.

The Company manages its capital in order to ensure that the Company will continue as a going concern and create value for its shareholders by maximizing return through an optimized capital structure.

(i) Market Risk: Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency exchange rates, interest rates, credit, liquidity and other market changes.

Note 46 : Details of Crypto Currency or Virtual Currency

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

Note 47 : Corporate Social Responsibility (CSR)

As per the provisions of section 135 of the Companies Act 2013, the company is not mandatorily required to constitute a Corporate Social Responsibility Committee and spend funds for the Corporate Social Responsibility (CSR) activities. Accordingly, disclosure requirement is not applicable.

The Company has not surrendered or disclosed any transactions, previously unrecorded as income in the books of account, in the tax assessments under the Income Tax Act, 1961 as income during the year. Accordingly, disclosure requirement is not applicable.

b) The Company has not advanced or loaned or invested funds to any other persons or entities, including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(i) 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

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

c) The Company has 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:

(i) 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

(ii) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

1. There is a deviation of more than 25% in the Debt Service Coverage Ratio, as there is a decrease in the amount of debt service.

2. There is a deviation of more than 25% in the Return on Equity as compared to the previous year, as the average total equity has increased as compared to the previous year.

3. There is a deviation of more than 25% in the Trade Receivables Turnover Ratio as compared to the previous year, as the amount of average trade receivables has decreased as compared to the previous year.

4. There is a deviation of more than 25% in the Trade Payables Turnover Ratio as compared to the previous year, the amount of average trade payables has decreased as compared to the previous year.

5. There is a deviation of over 25% in the Return-on-Investment Ratio compared to the previous year because the amount invested in Fixed Deposit Receipts (FDR) has nearly doubled from the previous year''s investment.

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Mar 31, 2023

2.15. Provisions and contingencies

A provision is recognized when there is a present obligation as a result of a past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

When there is a possible obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

Note 3.1:

(a) The company has only one class of shares referred to as equity shares having a par value of each. Each holder of equity shares is entitled to one vote per share and dividend in Indian ru proposed by theBoard of Directors, which is subject to the approval of the shareholders in the e Annual General Meetin g.

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

(c) The Shareholders have all other rights as available to equiryholders as per the provisions of '' Companies Act, 20B, read together with the Memorandum of Association and Articles of Assoc of the Company, as applicable.

(d) The reconciliation of the numbers of shares outstanding and amount of share capital as at yea set out below:

8.1 Working capital loan from State Bank of India

Working loan facility from State Bank of India against hypothecation ofirwpardgress, stocks, book debts and others collateral securities owned by directors and their relatives and personal gaurant directors and their relatives.

8.2 Raw material assistance scheme from NSIC

Raw material assistance scheme in the form of working capital credit is obtained from National Industries Corporation (''NSIC'') against bank antee of INR 2 cror es.

There is a deviation of more than 25% in the -Equity Ratio as compared to previous year, as bonu: shares have beerissued during the year in the ratio of 21

There is a deviation of more than 25% in the Return on Equity Ratio as compared to previous yea average total equity has been increased as compared to previous year.

There is a deviation of more than 25% in the Trade Receivables Turnover Ratio as compared to p year, as amount of average trade receivables has been decreased as compared to previous year.

There is a deviation of more than 25% in the Inventory Turnover Ratio as compared to previous y amount of cost of goods sold and average inventory have been increased as compared to previous y<

1 Thereis a deviation of more than 25% in the Debt-Equity Ratio as compared to previous year, as bonus shareshave been issuedduringthe year in the ratioof 2:1

2 There is a deviation of more than 25% in the Return on Equity Ratio as compared to previous year, as average total equity habeen increased as compared to previous ye ar.

3.There is a deviation of more than 25% in the Trade Receivables Turnover Ratio as compared to previous year, as amount of average trade receivables has been decreased as compared to previous year.

There is deviation of more than 25% in the Inventory Turnover Ratio as compared to previous year, as amount of cost of goods sold and average inventory have been increased as compared to previou s year