Notes to Accounts of Iware Supplychain Services Ltd.

Mar 31, 2025

2.22 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. Provisions (excluding retirement benefits and
compensated absences) are not discounted to its present value and are determined based on best estimate required to settle the obligation at
the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities
are not recognised in the financial statements. A contingent asset is neither recognised nor disclosed in the financial statements.

2.23 Policy for Contingencies and Events Occurring After the Balance Sheet Date

Contingent liabilities are disclosed when there is a present obligation arising from past events, the settlement of which is dependent on
uncertain future events not wholly within the control of the Company, or when a present obligation cannot be measured reliably. Contingent
assets are not recognized in the financial statements but are disclosed when an inflow of economic benefits is probable.

The Company recognizes and adjusts material events occurring after the Balance Sheet date that provide additional evidence of conditions
existing at the reporting date (adjusting events).

Non-adjusting events, which are indicative of conditions arising after the Balance Sheet date, are disclosed in the financial statements if they
are material and could influence the economic decisions of users.

This policy is in compliance with the applicable provisions of enerally Accepted Accounting Principles in India OIndian GAAP''), Events after the
Reporting Period, as notified under the Companies (Indian Accounting Standards) Rules, 2015.

2.24 Policy for Contingencies and Events Occurring After the Balance Sheet Date
a Net Profit or Loss for the Period

The net profit or loss for the period is calculated in accordance with the applicable accounting standards, taking into account all revenue,
expenses, gains, and losses recognized during the reporting period. It includes the effect of extraordinary items, if any, disclosed separately to
reflect the performance of the period accurately.
b Prior Period Items:

Material adjustments related to income or expenses of prior periodsarising from errors or omissions in preparation of the financial statements
are classified as prior period items. These are disclosed separately in the financial statements, ensuring comparability and transparency.

c Changes in Accounting Policies:

Changes in accounting policies are made only if:

Required by a statutory mandate or accounting standard, or

It results in the financial statements providing more reliable and relevant information about the effects of transactions, events, or condition
The effect of any change in accounting policy is reflected retrospectively by restating the comparative figures of prior periods in accordance
with enerally Accepted Accounting Principles in India OIndian GAAP''), Accounting Policies, Changes in Accounting Estimates, and Errors. The
nature and reason for the change, along with its financial impact, are disclosed in the financial statements.

2.25 Segment Reporting

The Company prepares its segment reporting in accordance with enerally Accepted Accounting Principles in India OIndian GAAP''), Operating
Segments, as notified under the Companies (Indian Accounting Standards) Rules, 2015.

The basic factor for Business segment is the nature of the products for the Company. which is a distinguishable component that is engaged in
providing an individual product or a group of related products and that is subject to risks and returns that are different from those of other
business segments or as a whole business.

The basic factor Geographical segment, for the Company, is relationships between operations in different geographical areas in terms of India
and Outside India., which is a distinguishable component that is engaged in providing products or within a particular economic environment
and that is subject to risks and returns that are different from those of components operating in other economic environments.

2.26 Foreign Currency Transactions

Income and expense in foreign currencies are converted at exchange rates prevailing on the date of the transaction. Foreign currency monetary
assets and liabilities other than net investments in non-integral foreign operations are translated at the exchange rate prevailing on the balance
sheet date and exchange gains and losses are recognised in the statement of profit and loss. Exchange difference arising on a monetary item
that, in substance, forms part of an enterprise''s net investments in a non-integral foreign operation are accumulated in a foreign currency
translation reserv

2.27 Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash that are subject to an
insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalent:

Cash Balance is taken as valued & certified by management.

In absence of external evidence in possession ofassessee itcould not be verified whether payment exceeding 10,000 has been made otherwise
than account payee cheque / draft.

As per our report of even date

For J A Y A M & Associates LLP For and on behalf of the Board of

Chartered Accountants IWARE SUPPLYCHAIN SERVICES LIMITED

Firm''s Registration No. 130968W/W100605

CA Rachit Shah Krishnakumar Tanwar Rajnish Gautam Twinkle Tanwar

Designated Partner Director Director Chief Executive Officer

Membership No. 157588 0349482! 0349483(

Place: Ahmedabad

Date: 16th April,2025 Shweta Sharma Gagan Verma

Company Secretary Chief Financial Officer

Place: Ahmedabad

Equity Shares: The Company has one class of equity shares having par value of Rs. 10 per Share. Accordingly, all equity shares r
equally with regard to dividends and share in the Company''s residual assets. The equity shares are entitled to receive dividend decla
from time to time.

As per the records of the company, including its register of shareholders/members and other declarations received from the share
regarding beneficial interest, the above shareholding represents both legal and beneficial ownership of shares.

42 Other Statutory Disclosures as per the Companies Act, 2013, as per restated financials

1. The Company does not have any Benami Property, where any proceeding has been initiated or pending against the company for holding any Benami property.

2. The Company has not Advanced any loans or advances in the nature of loans to specified persons viz. promoters, Directors, KMPs, related parties; which are
repayable on demand or where the agreement does not specify any terms or period of repayment.

3. The Company has not raised any fund from issue of securities or borrowings from banks and financial institutions for the specific purposes for which they
were issued/taken.

4. The Company has utilised funds raised from borrowings from banks and financial institutions for the specific purposes for which they were taken.

5. The Company has not obtained borrowings from banks or financial institutions on the basis of security of current assets.

6. The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter at any time during the
financial year or after the end of reporting period but before the date when financial statements are approved.

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 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 gaurantee, Security or the like to or on behalf of the Ultimate Beneficiaries.

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 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 gaurantee, Security or the like to or on behalf of the Ultimate Beneficiaries.

9. The Company does not have any transactions with struck-off Companies.

10. The Company does not have any transaction which is not recorded in the books of accounts but 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).

11. The Company has not traded or Invested in Crypto Currancy or virtual Currency during the financial Year.

12. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the companies Act, 2013 read with Companies
(Restriction on number of Laywers) Rules, 2017.

43 Other Disclosures

1. The Property, Plant and Equipment have not been physically verified during the year by the management, but there is a regular program of physical
verification.

2. All the compliances related to charge on assets or any liabilities are fulfilled as on the date of this report.

44 Regrouping

Previous year''s figures have been regrouped / reclassified/ rearranged, wherever necessary, to confirm to current year''s classification.

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

For J A Y A M & Associates LLP WARE SUPPLYCHAIN SERVICES LIMITED

Chartered Accountants
Firm''s Registration No. 130968W/W100605

Krishnakumar Tanwar Rajnish Gautam Twinkle Tanwar

CA Rachit Shah Director Director Chief Executive Officer

Designated Partner 03494825 03494830

Membership No. 157588

Shweta Sharma Gagan Verma

Date: 16th April,2025 Company Secretary Chief Financial Officer

Place: Ahmedabad