Notes to Accounts of Infollion Research Services Ltd.

Mar 31, 2025

6. Provisions, contingent liabilities, and contingent assets

(i) Provisions

A provision is recognized when the Company has a present obligation as a result of a past event if it
is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and a reliable estimate can be made of the amount of obligation.

(ii) Contingent Liability

Contingent Liabilities are disclosed when there is a possible obligation arising from past events, the
existence of which will be confirmed only on the occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the Company or a present obligation that arises from past
events where it is either not probable that an outflow of resources will be required to settle or a reliable
estimate of the amount cannot be made.

(iii) Contingent Assets

Contingent Assets are neither recognized nor disclosed in the financial statements.

7. Earnings per Share

Basic earnings per equity share is calculated by dividing the net profit or loss for the period attributable to
equity shareholders (after deducting preference dividends and attributable taxes, if any) by the weighted
average number of equity shares outstanding during the period.

Diluted earnings per share is computed by dividing the net profit or loss for the period attributable to the
equity shareholders of the Company and the weighted average number of equity shares considered for
deriving basic earnings per equity share and also the weighted average number of equity shares that could
have been issued upon conversion of all dilutive potential equity shares. In computing dilutive earnings per
share, only potential equity shares that are dilutive and that decrease profit per share are included.

8. Segment Reporting

The Company identifies primary segments based on the dominant source, the nature of risks and returns,
and the internal organizations and management structure. The operating segments are the segments for
which separate financial information is available and for which operating profit/loss amounts are evaluated
regularly by the executive management in deciding how to allocate resources and in assessing performance.

The company currently operates only in one business segment viz "On-demand Contingent Hiring".
Therefore, separate segment-wise reporting is not required.

9. Cash and Cash Equivalents

Cash and cash equivalents comprise cash and cash on deposits with banks and corporations. The company
considers all highly liquid investments with the remaining maturity at the date of purchase of 3 months or less
and that are readily convertible to a known amount of cash to be cash equivalents.

10. Statement of cash flows

Cash flows are reported using the indirect method, whereby profit/loss before tax is adjusted for the effects of
transactions of a non-cash nature and any deferrals or accruals of past or future cash receipts and payments.
Cash flow for the year is classified by operating, investing, and financial activities.

11. Corporate Social Responsibility

a) Gross amount required to be spent by the Company during the year ended March 31,2025: '' 10.25 Lakhs.

b) Amount spent during the year ended March 31,2025: INR 10.45 Lakhs

OTHER NOTES AND POLICIES:

(i) The financial statements including financial information have been prepared after making such regroupings
and adjustments, considered appropriate to comply with the same. As a result of these regroupings and
adjustments, the amount reported in the financial statements/information may not necessarily be the same
as those appearing in the respective audited financial statements for the relevant years.

(ii) Figures have been rearranged and regrouped wherever practicable and considered necessary.

(iii) The management has confirmed that adequate provisions have been made for all the known and determined
liabilities and the same is not more than the amounts reasonably required to be provided for.

(iv) The balances of trade payables, trade receivables, loans, and advances are unsecured and considered as
good and are subject to confirmations of the respective parties concerned.

(v) Payments to MSME Vendors were made within the stipulated time as per the MSMED Act 2006.

(vi) Realizations: In the opinion of the Board and to the best of its knowledge and belief, the value on realization
of current assets and loans and advances are approximately of the same value as stated.

(vii) Contractual liabilities: All other contractual liabilities connected with business operations of the Company
have been appropriately provided for.

(viii) Amounts in the financial statements: Amounts in the financial statements are rounded off to the nearest
Lakhs. Figures in brackets indicate negative values.

For the FY 2024-25

A. Relevant disclosures in terms of the accounting standards prescribed by the Central Government in terms of section
133 of the Companies Act, 2013 (18 of 2013) including the ''Guidance note on accounting for employee share-based
payments'' & Regulation 14 of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 issued in that
regard from time to time.

B. Diluted EPS on issue of shares pursuant to all the schemes covered under the regulations shall be disclosed in
accordance with ''Accounting Standard 20 - Earnings Per Share'' issued by Central Government or any other relevant
accounting standards as issued from time to time: ''12.83 per share

C. Details related to ESOS

(i) A description of each ESOS that existed at any time during the year, including the general terms and conditions
of each ESOS, including -

(c) identified employees who were granted option, during any one year, equal to or exceeding 1% of the issued
capital (excluding outstanding warrants and conversions) of the company at the time of grant: Not Applicable

(vii) A description of the method and significant assumptions used during the year to estimate the fair value of options

including the following information:

(a) the weighted-average values of share price, exercise price, expected volatility, expected option life, expected
dividends, the risk-free interest rate and any other inputs to the model: Please refer point (v) above.

(b) the method used and the assumptions made to incorporate the effects of expected early exercise: The fair
value of options has been calculated by using Black Scholes Model.

(c) how expected volatility was determined, including an explanation of the extent to which expected volatility
was based on historical volatility: Please refer point (v) above, and

(d) whether and how any other features of the options granted were incorporated into the measurement of fair
value, such as a market condition: Not Applicable

The accompanying notes 1 to 19 are an integral part of these financial statements

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

For SUDESH KUMAR AND COMPANY For Infollion Research Services Limited

Chartered Accountants

(S.k Gupta) Gaurav Munjal Aayara Shaheer

Prop. (MANAGING DIRECTOR) (DIRECTOR)

Mem No 502040/FRN No 019305 N DIN: 02363421 DIN: 08798525

Abhishek Jha Madhumita Pramanik

Place: New Delhi (CHIEF FINANCIAL OFFICER) (CS & COMPLIANCE OFFICER)

Date: 22 April 2025 (M.NO. : 35693)

Mar 31, 2024

6. Provisions, contingent liabilities, and contingent assets

(i) Provisions

A provision is recognized when the Company has a present obligation as a result of a past event if it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of obligation.

(ii) Contingent Liability

Contingent Liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only on the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made.

(iii) Contingent Assets

Contingent Assets are neither recognized nor disclosed in the financial statements.

7. Earnings per Share

Basic earnings per equity share is calculated by dividing the net profit or loss for the period attributable to equity shareholders (after deducting preference dividends and attributable taxes, if any) by the weighted average number of equity shares outstanding during the period.

Diluted earnings per share is computed by dividing the net profit or loss for the period attributable to the equity shareholders of the Company and the weighted average number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. In computing dilutive earnings per share, only potential equity shares that are dilutive and that decrease profit per share are included.

8. Segment Reporting

The Company identifies primary segments based on the dominant source, the nature of risks and returns, and the internal organizations and management structure. The operating segments are the segments for which separate financial information is available and for which operating profit/loss amounts are evaluated regularly by the executive management in deciding how to allocate resources and in assessing performance.

The company currently operates only in one business segment viz "On-demand Contingent Hiring". Therefore, separate segment-wise reporting is not required.

9. Cash and Cash Equivalents

Cash and cash equivalents comprise cash and cash on deposits with banks and corporations. The company considers all highly liquid investments with the remaining maturity at the date of purchase of 3 months or less and that are readily convertible to a known amount of cash to be cash equivalents.

10. Statement of cash flows

Cash flows are reported using the indirect method, whereby profit/loss before tax is adjusted for the effects of transactions of a non-cash nature and any deferrals or accruals of past or future cash receipts and payments. Cash flow for the year is classified by operating, investing, and financial activities.

EMPLOYEE STOCK OPTION PLAN 2023 (''IRS ESOP 2023'')

[Disclosures in terms of the accounting standards prescribed by the Central Government in terms of section 133 of the Companies Act, 2013 (18 of 2013) including the ''Guidance note on accounting for employee share-based payments'']

OTHER NOTES AND POLICIES:

(i) The financial results of the company has been prepared in accordance with Accounting Standards as notified by Ministry of Corporate Affairs pursuant to section 133 of the Companies Act, 2013 and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

(ii) The financial statements including financial information have been prepared after making such regroupings and adjustments, considered appropriate to comply with the same. As a result of these regroupings and adjustments, the amount reported in the financial statements/information may not necessarily be the same as those appearing in the respective audited financial statements for the relevant years.

(iii) Figures have been rearranged and regrouped wherever practicable and considered necessary.

(iv) The management has confirmed that adequate provisions have been made for all the known and determined liabilities and the same is not more than the amounts reasonably required to be provided for.

(v) The balances of trade payables, trade receivables, loans, and advances are unsecured and considered good and are subject to confirmations of the respective parties concerned.

(vi) Payments to MSME Vendors were made within the stipulated time as per the MSMED Act 2006.

(vii) Realizations: In the opinion of the Board and to the best of its knowledge and belief, the value on realization of current assets and loans and advances are approximately of the same value as stated.

(viii) Contractual liabilities: All other contractual liabilities connected with business operations of the Company have been appropriately provided for.

(ix) Amounts in the financial statements: Amounts in the financial statements are rounded off to the nearest Lakhs. Figures in brackets indicate negative values.