Notes to Accounts of Kshitij Polyline Ltd.

Mar 31, 2025

(u) Provisions and Contingencies
Provisions:

Provisions are recognised when the Companny has a present obligation (legal or constructive) as a result of a past event, 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 the obligation. When the Company expects some or all of a provision to be reimbursed, for example, under an insurance contract, the
reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is
presented in the statement of profit and loss net of any reimbursement. If the effect of the time value of money is material, provisions are
discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase

Contingent Liabilities:

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by
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

Contingent asset:

Contingent Assets is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non¬
occurrence of one or more uncertain future events not wholly within the control of the entity. Contingent assets are disclosed in the Financial
Statements by way of notes to accounts when an inflow of economic benefit is probable.

(v) Employees'' Benefit

(i) Liabilities for wages and salaries, including nonmonetary benefits that are expected to be settled wholly within12 months after the end of the
period in which the employees render the related service are recognized in respect of employees'' services up to the end of the reporting period
and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit
obligations in the Balance Sheet.

(ii) Defined Contribution Plan: Monthly contribution to the provident fund which is under defined contribution schemes are charged to
Statement of Profit & Loss and deposited with the provident fund authorities on monthly basis.

(ii) Defined Benefit Plans: Gratuities to employees are covered under the employees'' group gratuity schemes and the premium is paid on the
basis of their actuarial valuation using the projected unit credit method. Actuarial gain and losses net of deferred taxes arising from experience
adjustments and changes in actuarial assumptions are recognized in other comprehensive income in the period in which they arise. Any short
falls in case of premature resignation or termination to the extent not reimbursed by LIC is being absorbed in the year of payment.

(ii) Termination benefits are charged to the Statement of Profit and Loss in the year of accrual when the Company is committed without any
possibility of withdrawal of an offer made to either terminate employment before the normal retirement date or as a result of an offer made to
encourage voluntary retirement.

This being first financial statements of the company since incorporation, are drawn for the period from January 5th 2024 to
March 31, 2025 and hence, there are no comparatives present.

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 do not have any transactions with companies struck off.

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

(iv) The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (intermediaries) woth 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.

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

(v) The Company have not received any fund from any person(s) or entit(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 identofoed in any manner whatsoever by or on behalf
of the funding party (ultimate beneficiary) or

(b) provide any guarnatee, security or the like on behalf of the Ultimate beneficiaries.

(vi) The Company have no 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 I ncome T ax Act, 1961.

For VRCA & Associates For and on behalf of Board of

Chartered Accountants Kshitij Polyline Limited

Firm Registration Number: 104727W CIN:26209MH200BPLC180484

Sd/- Sd/- Sd/-

CA Vaibhav Goel Mahendra Kumar Jai Vineeta Jain

Partner Director Director

Membership Number: 150053 DIN: 09765526 DIN: 10481057

Place: Vadodara, India Place: Place:

Date: Date: Date:

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Mar 31, 2024

4.20 Provisions and Contingencies Provisions:

Provisions are recognised when the Companny has a present obligation (legal or constructive) as a result of a past event, 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 the obligation. When the Company expects some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the statement of profit and loss net of any reimbursement. If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

Contingent Liabilities:

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by 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.

Contingent asset:

Contingent Assets is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. Contingent assets are disclosed in the Financial Statements by way of notes to accounts when an inflow of economic benefit is probable."

4.23 Employees'' Benefit

(a) Liabilities for wages and salaries, including nonmonetary benefits that are expected to be settled wholly within12 months after the end of the period in which the employees render the related service are recognized in respect of employees'' services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the Balance Sheet.

b) Defined Contribution Plan: Monthly contribution to the provident fund which is under defined contribution schemes are charged to Statement of Profit & Loss and deposited with the provident fund authorities on monthly basis.

c) Defined Benefit Plans: Gratuifi''es to employees are covered under the employees'' group gratuity schemes and the premium is paid on the basis of their actuarial valuation using the projected unit credit method. Actuarial gain and losses net of deferred taxes arising from experience adjustments and changes in actuarial assumptions are recognized in other comprehensive income in the period in which they arise. Any short falls in case of premature resignation or termination to the extent not reimbursed by LIC is being absorbed in the year of payment.

d) Termination benefits are charged to the Statement of Profit and Loss in the year of accrual when the Company is committed without any possibility of withdrawal of an offer made to either terminate employment before the normal retirement date or as a result of an offer made to encourage voluntary retirement.

B Financial Risk Management

The Company has exposure to the following risks arising from financial instruments:

a. Credit Risk

b. Liquidity Risk

c. Market Risk

i. Risk Management framework

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. The board of directors along with the top management are responsible for developing and monitoring the Company''s risk management policies.

The Company''s risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The Company''s audit committee oversees how management monitors compliance with the Company''s risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company.

ii. Credit Risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company''s trade receivables, certain loans and advances and other financial assets.

iii. Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they

are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

iv. Market risk is the risk of loss of future earnings or fair values or future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign exchange rates and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments including foreign currency receivables and payables. The Company is not exposed to market risk primarily related to foreign exchange rate risk (currency risk). It however is exposed to interest rate risk. Thus the Company''s exposure to market risk is just a function of borrowing activities as it doesn''t have any transactions in foreign currency which leads to currency risk.

Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors

There are no Micro and Small Enterprises, to whom the Company owes dues as at the Balance Sheet date. The above information has been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.

35. As the company is following Cost Model, the Revaluation of property, plant and equipment is not applicable. Also, there is no change more than 10% of aggregate of the net carrying value of each class of PPE.

36. As per IND AS 116, the Intangible assets pertains only to Right to Use, hence, Revaluation of intangible asset is not applicable.

37. All the Title Deeds of Immovable Property are held in the name of company.

38. There are no Capital WIP & Intangible Assets under Development.

39. During the Financial year, there are no transaction with the struck of Company.

40. There are no pending registration/satisfaction of charges to the Registrar of Companies beyond the Statutory Period.

41. The compliance with number of layers of companies is not applicable.

42. The company has not entered into any approved schemes of arrangements.

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Mar 31, 2018

Note No. 1 : Other Notes to Financial Statements

(1) Capital and other Commitment

During the current year Rs.Nil/-. (P. Y Rs.Nil/-)

(2) Contingent liabilities

Current year Rs.Nil (P. Y Nil)

(3) Retirement Benefits:

Disclosure in respect of Employee Benefits pursuant to Accounting Standard:- 15 (Revised): The Company has not provided for employee benefits during the F.Y 2017-18 and preceding previous year also.

(4) In the opinion of the Board of Directors, Current assets, Loans and Advances are of the value realizable in the ordinary course of business.

(5) The Company has not received any intimation from the suppliers regarding their status under Micro, Small and Medium Enterprise Development Act, 2006 and hence, disclosures regarding

a) Amounts due and outstanding to suppliers as at the end of the accounting year,

b) Interest paid during the year,

c) Interest payable at the end of the accounting year,

d) Interest accrued and unpaid at the end of the accounting year,

(6) The previous year figures have been regrouped / reclassified, wherever necessary to confirm to the current year presentation.