Notes to Accounts of Dynamic Services & Security Ltd.

Mar 31, 2025

The following are the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognized and measured at fair value
and (b) measured at amortized cost and for which fair value are disclosed in the financial statements. To provide an indication about the reliability of the inputs used
in determining fair value, the company has classified its financial instruments into the three levels of fair value measurement as prescribed under the Ind AS 113
"Fair Value Measurement".

40.2 During the year ended March 31, 2025 and March 31, 2024, there were no transfers between Level 1 and Level 2 fair value measurements, and no transfer into and
out of Level 3 fair value measurements.

40.3 Explanation to the Fair Value hierarchy

The Company measures financial instruments, such as, quoted investments at fair value at each reporting date. Fair value is the price that would be received to sell
an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. All assets and liabilities for which fair value is
measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is
significant to the fair value measurement as a whole:

40.3.1 Level 1: h ierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments, traded bonds and mutual funds that have
quoted price. The fair value of all equity instruments (including bonds) which are traded in the stock exchanges is valued using the closing price as at the reporting
period. The mutual funds are valued using the closing NAV.

40.3.2 Level 2: The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the-counter derivatives) is determined using
valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to
fair value an instrument are observable, the instrument is included in level 2.

40.3.3 Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity
securities, contingent consideration included in level 3.

41 Financial Risk Management

Financial management of the Company has been receiving attention of the top management of the Company. The management considers finance as the lifeline of
the business and therefore, financial management is carried out meticulously on the basis of detailed management information systems and reports at periodical
intervals extending from daily reports to long-term plans. Importance is laid on liquidity and working capital management with a view to reduce over-dependence on
borrowings and reduction in interest cost. Various kinds of financial risks and their mitigation plans are as follows:

41.1 Credit Risk

Credit risk is the risk that counterparty 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). On account of adoption of Ind AS 109, the Company uses an expected credit loss
model to assess the impairment loss.

a Trade Receivables

Customer credit risk is managed by the Company''s established policy, procedures and control relating to customer credit risk management. Outstanding customer
receivables are regularly monitored and reconciled. Based on historical trend, industry practice and the business environment in which the company operates, an
impairment analysis is performed at each reporting date for trade receivables. There is no impairment loss allowance on trade receivable as based on past trend it is
expected to be realised with one year.
b Other Financial Assets

Credit Risk on loans, cash and cash equivalent, and deposits with the banks is generally low as the said financial assets have been made with the banks/ related
parties who have been assigned high credit rating by international and domestic rating agencies.

41.2 Liquidity Risk

The Company''s objective is to maintain optimum levels of liquidity to meet its cash and collateral requirements at all times. The Company relies on borrowings and
excess inflows to meet its needs for funds. The current committed lines of credit are sufficient to meet its short to medium/ long term needs. The Company
monitors rolling forecasts of its liquidity requirements to ensure it has sufficient cash to meet operational needs.

It is not expected that cash flows included in the maturity analysis could occur significantly earlier, or at significantly different amounts. When the amount payable is
^b not fixed, the amount disclosed has been determined with reference to conditions existing at the reporting date.

41.3 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. Market risk comprises of

41.3.1 Foreign Exchange Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company do
not have exposure to the risk of changes in foreign exchange rates as the company do not have foreign currency exposure during the year ended 31st March,2024.

41.3.2 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 rates. The company''s

44 Other Statutory Disclosure

44.1 The Company does not have any benami property, where any proceedings have been initiated or pending against the company for holding any benami property
under Benami Transactions (Prohibitions) Act, 1988 (45 of 1988) and the rules made there under.

44.2 The Company has been sanctioned working capital limit from a bank on the basis of security of current assets of the Company. The half yearly returns/statements
are filed by the Company with such bank. The differences, if any, are stated below.

44.3 The Company has not been declared as wilful defaulter by any bank or financial institution or other lender.

44.4 There has no any transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

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

44.6 The Company does not have any undisclosed income which is not recorded in the books of account that has been surrendered or disclosed as income during the
previous 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)

44.7 The company has not advanced or loaned or invested funds to any other person(s) or entity(ies),including foreign entities(intermediaries) with the understanding

44.8 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

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

47 The Code on Social Security, 2020 (''Code'') relating to employee benefits during employment and post-employment benefits received Presidential assent in
September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified and the final
rules/interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the
period the Code becomes effective.

Previous GAAP figures have been reclassified/regrouped to confirm the presentation requirements under IND AS and the requirements laid down in Division-II of the

48

Schedule-III of the Companies Act,2013.

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

For M/s. Bijan Ghosh & Associates
Chartered Accountants

(Firm Registration No.323214E) SD/- SD/-

Jugal Kishore Bhagat Rekha Devi Bhagat

Managing Director Director

DIN: 02218545 DIN: 08521001

Mr. Bijan Ghosh
Proprietor

Membership No. 009491 SD/- SD/-

Place: Kolkata Vinita Yadav Karishma Sharma

Dated: 30-05-2025 Chief Financial Officer Company Secretary

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Mar 31, 2024

Data Not Available

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Mar 31, 2023

NOTE 2B

The Company has only one class of ordinary shares (''Equity Shares'') having a par value of Rs.10/- each. Each holder of ordinary shares (''Equity Shareholders'') is entitled to one vote per share and are entitled to dividend and to participate in surplus, if any, in the event of winding up.

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. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by shareholders.

Contingent liabilities (to the extent not provided

25.1 for):

(a) Claims against the company not acknowledged as debt is Rs. 24,46,000.00 - IOCL )

(b) Guarantees of Rs. 6,35,00,000/- against BG Issued.

(c) Other money for which the company is liable for 1). EPF - Rs. 32,22,733.00 & 2). ESI -Rs. NIL

(d) Estimated amount of contracts remaining to be executed on capital account and not provided for is Rs Nil (Previous Year:Rs.Nil)

25.2 Disclosure under MSMED Act, 2006:

The company has not received information from vendors regarding their status under the Micro ,Small and Medium Enterprises Development Act ,2006 and, hence disclosures relating to amounts unpaid as at the year end together with interest paid/payable under this act has not been given.

25.5 Details of Loans given, Investments made and Guarantee given covered U/S 186 (4) of the Companies Act, 2013

Neither any loans nor any guarantees has been given by the Company during the current financial year (Previous Year :Nil).

Unamortised

25.6 Expenses

This represents the preliminary expenses incurred at the time of the formation of the company. Preliminary expenses have been written off during the year.

25.7 The Company is a Small and Medium Sized Company (SMC) as defined in the general instruction in respect ofAccounting Standard notified under the Companies Act, accourdingly, the Company has complied with the Accounting Standards as applicale to a Small And Medium Sized Company.

Previous Year

25.8 Figures

The previous years figures have been reworked, regrouped, rearranged and reclassified wherever necessary. Amounts and other disclosures for the preceeding year are included as an integral part of the current year financial statements and are to be read to the amounts and other disclosures relating to the current year.

25.9 The company has Acquired Dynamic Services, Dynamic Enterprise and Global Services. Entire business of all 3 firms has been transferred to (taken over by) Dynamic Services & Security Limited (DSSL) vide their business transfer agreement dated 30th June 2019, as a going concern.The financial statements of all entities have been prepared using the going concern basis of accounting. Revenue recognized in Dynamic Services & Security Limited (DSSL) during the finanical year 2022-23 for the purpose of Past Performance , Credential and Turnover i.e, the total turnover of the company should be Rs. 73,11,74,917.04 , details mentioned below :