Accounting Policies of Mobavenue AI Tech Ltd. Company

Mar 31, 2025

2. Material accounting policies

2.1. Compliance with Ind AS

The Standalone Financial Statements of the Company have been prepared in accordance with Indian Accounting
Standards (Ind AS) as notified under the Companies (Indian Accounting Standards) Rules, 2015 and relevant
amendment rules issued thereafter, read with Section 133 of the Companies Act, 2013 (“the Act") and presentation
requirements of Division II of Schedule III of the Act and the relevant provisions of the Companies Act, 2013 (“the
Act") and guidelines issued by the Securities and Exchange Board of India (“SEBI"), as applicable.

Accounting policies have been consistently applied except where a newly issued accounting standard is initially
adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

2.2. Basis of preparation and presentation

These Standalone Financial Statements have been prepared on an accrual basis as going concern and under historical
cost convention except certain financial assets and liabilities which have been measured at fair value (refer accounting
policy no. 2.17 regarding financial instruments) as required under relevant Ind AS.

The Standalone Financial Statements are in accordance with Division II of Schedule III to the Act, as applicable to the
Company.

(a) Functional and presentation of currency

The Standalone Financial Statements are prepared in Indian Rupees which is also the Company''s functional
currency. All amounts are rounded to the nearest rupees in Lakhs.

(b) Fair value measurement

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. A fair value measurement assumes that the transaction
to sell the asset or transfer the liability takes place either in the principal market for the asset or liability or in the
absence of a principal market, in the most advantageous market for the asset or liability. The principal market
or the most advantageous market must be accessible to the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use
when pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant''s ability to generate
economic benefits by using the asset in its highest and best use or by selling it to another market participant
that would use the asset in its highest and best use.

Fair values have been determined for measurement and / or disclosure purpose using methods as prescribed in
“Ind AS 113 Fair Value Measurement".

2.3. Presentation and disclosure of standalone financial statement

All assets and liabilities have been classified as current and non-current as per Company''s normal cycle and other
criteria set out in the division II of Schedule III of the Companies Act, 2013 for a company whose Standalone Financial
Statements are made in compliance with the Companies (India Accounting Standards) Rules, 2015.

Based on the nature of service and the time between rendering of services and their realization in cash and cash
equivalents, 12 months has been considered by the Company for the purpose of current / non-current classification
of assets and liabilities.

2.4. Trade receivables:

Trade receivables are amounts due from customers for goods sold or services performed in the ordinary course of
business. If the receivable is expected to be collected within a period of 12 months or less from the reporting date (or
in the normal operating cycle of the business, if longer), they are classified as current assets, otherwise as noncurrent
assets.

Trade receivables are measured at their transaction price unless it contains a significant financing component or
pricing adjustments embedded in the contract. In case a financing component exists the consideration for the goods
and service is adjusted for the time value of company

Loss allowance for expected life time credit loss is recognized on initial recognition.

2.5. Revenue recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the
revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable,
taking into account contractually defined terms of payment and excluding taxes or duties collected on behalf of the
government and discounts given to the customers.

(i) Revenue comprises rendering of services is recognized on an accrual basis as and when services are rendered
based on the terms of the contract. Sales of services are recognized net of indirect taxes and discounts. Revenue
yet to be billed is recognized as unbilled revenue and billing in excess of contract revenue has been reflected as
advance billed revenue.

(ii) For all financial instruments measured at amortised cost, interest income is recorded using the effective interest
rate (EIR), which is the rate that exactly discounts the estimated future cash payments or receipts through the
expected life of the financial instrument or a shorter period, where appropriate, to the net carrying amount of
the financial asset. Interest income is included in other income in the statement of profit and loss.

(iii) Income from Investment in Partnership Firms:

Share of profit/loss in Partnership firms is recognized when the right to receive is established as per agreement/
agreed terms between all the partners/members.

2.6. Borrowing costs

Borrowing costs (net of interest income on temporary investments) that are directly attributable to the acquisition,
construction or production of a qualifying asset are capitalized as part of the cost of the respective asset till such time
such asset is ready for its intended use or sale. A qualifying asset is an asset which necessarily takes a substantial
period of time to get ready for its intended use or sale. Ancillary cost of borrowings in respect of loans not disbursed
are carried forward and accounted as borrowing cost in the year of disbursement of loan. All other borrowing costs
are expensed in the period in which they occur. Borrowing costs consist of interest expenses calculated as per effective
interest method, exchange difference arising from foreign currency borrowings to the extent they are treated as an
adjustment to the borrowing cost and other costs that an entity incurs in connection with the borrowing of funds.

2.7. Leases
Company as a lessee

At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains,
a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for
consideration.

The company has elected not to recognize right of use asset and lease liability for low value asset and short term
leases. The Company has recognized the lease payment associated with these leases as an expense on straight line
basis over the lease term.

At commencement or on modification of a contract that contains a lease component, the Company allocates the
consideration in the contract to each lease and non-lease component on the basis of their relative standalone
prices.

The Company recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use
asset is initially measured at cost, which comprise of the initial amount of the lease liability adjusted for any lease
payments made at or before the commencement date net of lease incentive received, plus any initial direct costs
incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or
the site on which it is located.

The right-of-use assets is subsequently measured at cost less any accumulated depreciation, accumulated impairment
losses, if any and adjusted for any remeasurement of the lease liability. The right-of-use asset is depreciated using the
straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use asset.
The estimated useful lives of right-of-use assets are determined on the same basis as those of property, plant and
equipment. The estimated useful lives of right-of-use assets are determined on the same basis as those of property,
plant and equipment.

The lease liability is initially measured at the present value of the lease payments that are not paid at the
commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily
determined, the Company''s incremental borrowing rate. The lease liability is measured at amortised cost using the
effective interest method.

Identification of a lease requires material judgment. The Company uses material judgement in assessing the lease
term (including anticipated renewals) and the applicable discount rate. The Company determines the lease term as
the non-cancellable period of a lease, together with both periods covered by an option to extend the lease if the
Company is reasonably certain to exercise that option and periods covered by an option to terminate the lease if the
Company is reasonably certain not to exercise that option. In assessing whether the Company is reasonably certain
to exercise an option to extend a lease, or not to exercise an option to terminate a lease, it considers all relevant facts
and circumstances that create an economic incentive for the Company to exercise the option to extend the lease, or
not to exercise the option to terminate the lease. The Company revises the lease term if there is a change in the non¬
cancellable period of a lease.

2.8. Foreign currency transaction

Transactions denominated in foreign currencies are recorded at the exchange rates prevailing on the date of the
transaction. As at the Balance Sheet date, foreign currency monetary items are translated at closing exchange rate.
Exchange differences arising on settlement or translation of foreign currency monetary items are recognized as
income or expense in the year in which they arise.

Foreign non-monetary currency items which are carried at historical cost are reported using the exchange rate at
the date of transactions. Non-monetary items measured at fair value in a foreign currency are translated using the
exchange rates at the date when the fair value is determined. The gain or loss arising on translation of non-monetary
items measured at fair value is treated in line with the recognition of the gain or loss on the change in fair value of the
item (i.e. translation differences on items whose fair value gain or loss is recognized in OCI or profit or loss are also
recognized in OCI or profit or loss respectively).

2.9. Impairment of Non-Financial Assets:

Carrying amount of tangible and intangible assets are reviewed at each Balance Sheet date to determine whether
there is any indication that those assets have suffered as impairment loss. These are treated as impaired when the
carrying cost thereof exceeds its recoverable value. Recoverable value is higher of the asset''s net selling price or value
in use. Value in use is the present value of estimated future cash flows expected to arise from the continuing use of an
asset and from its disposal at the end of its useful life. Net selling price is the amount receivable from the sale of an
asset in an arm''s length transaction between knowledgeable, willing parties, less the cost of disposal. An impairment
loss is charged for when an asset is identified as impaired. The impairment loss recognized in prior accounting period
is reversed if there has been a change in the estimate of recoverable amount.

2.10. Non-current assets held for disposal and discontinued operations

Non-current assets are classified as held for sale if their carrying amount will be recovered principally through a sale
transaction rather than through continuing use and a sale is considered highly probable. They are measured at the
lower level of their carrying amount and fair value less costs to sell, except for assets such as deferred tax assets,
assets arising from employee benefits and financial assets which are specifically exempt from this requirement.

An impairment loss is recognized for any initial or subsequent write-down of the asset (or disposal group) to fair
value less costs to sell. A gain is recognized for any subsequent increases in fair value less costs to sell of an asset
(or disposal group), but not in excess of any cumulative impairment loss previously recognized. A gain or loss not
previously recognized by the date of the sale of the non-current asset (or disposal group) is recognized at the date of
de-recognition.

Non-current assets (including those that are part of a disposal group) are not depreciated or amortized while they are
classified as held for sale.

Non-current assets and liabilities classified as held for sale are presented separately from the other assets and
liabilities in the balance sheet.

2.11. Taxes on income

Tax expenses for the year comprises of current tax, deferred tax charge or credit and adjustments of taxes for earlier
years. In respect of amounts adjusted outside profit or loss (i.e. in other comprehensive income or equity), the
corresponding tax effect, if any, is also adjusted outside profit or loss.

Provision for current tax is made as per the provisions of Income Tax Act, 1961. Current tax assets and current tax
liabilities are offset when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle the asset and the liability on a net basis.

Deferred tax is recognized in respect of temporary differences between the carrying amount of assets and liabilities
for financial reporting purposes and its tax base. A deferred tax liability is recognized based on the expected manner
of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted, or substantively
enacted, by the end of the reporting period.

Deferred tax assets are recognized for all deductible temporary differences, the carry forward of unused tax credits
and any unused tax losses. Deferred tax assets are recognized to the extent that it is probable that taxable profit will
be available against which the deductible temporary differences, and the carry forward of unused tax credits and
unused tax losses can be utilised, except, when the deferred tax asset relating to the deductible temporary difference
arises from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the
time of the transaction, affects neither the accounting profit nor taxable profit or loss.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is
no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be
utilized. Unrecognized deferred tax assets are reassessed at each reporting date and are recognized to the extent that
it has become probable that future taxable profits will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset
is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted
at the reporting date.

Deferred tax relating to items recognized outside profit or loss is recognized outside profit or loss. Deferred tax items
are recognized in correlation to the underlying transaction either in OCI or directly in equity. Deferred tax assets and
deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax
liabilities.

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Mar 31, 2024

Significant Accounting Policies

a) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Valuation of Inventories: There are no Inventories in the company.

c) Fixed assets and depreciation: There are no Fixed Assets in the company.

d) Investments: Investment made by the company are valued at Cost.

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

Note: 13 Balances of Sundry Debtors, Creditors, Loans and Advances are subject to confirmation and reconciliation.

Note: 14 In the opinion of the Board of directors, the current assets, Loans & advances are approximately of the value stated if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

Note: 15 No Remuneration paid to the directors during the year.

Note: 16 No related party transaction were carried out during the year.

Note: 17 there is no reportable segment as per the contention of the management.

Note: 18 Basic and Diluted Earnings per share (EPS) computed in accordance with

Accounting Standard (AS) 20 "Earning per Share"

	Particulars			31.03.2024 Rs. In Lakhs	31.03.2023 Rs. In Lakhs
	Numerator Profit / (Loss) after Tax			-12.42	-8.70
	Denominator Weighted average number of Nos. Equity shares			1500.00	1500.00
	EPS Basic Numerator/Denominator			-0.08	-0.06
	EPS Diluted Numerator/Denominator			-0.08	-0.06
Note: 19
		Payment to Auditor''s	2023-24 Rs. In Lakhs		2022-23 Rs. In Lakhs
		For Audit	0.15		0.15
		For Company Matters	00		00

Note: 20 previous year figures have been regrouped and recasted wherever necessary. Note: 21 Other Notes

Additional Regulatory Information pursuant to Clause 6L of General Instructions for preparation of Balance Sheet as given in Part I of Division II of Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in any other notes to the Financial Statements.

a. During the year ended March 31, 2024 and March 31, 2023, the Company has not advanced or loaned or invested funds (either borrowed funds or share premium or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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.

Further, during the year ended March 31, 2024 and March 31, 2023, 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.

b. The Company has not invested or traded in Crypto Currency or Virtual Currency during the year ended March 31, 2024 (Previous: NIL)

c. No proceedings have been initiated on or are pending against the Company for holding benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) (formerly the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)) and Rules made thereunder during the year ended March 31, 2024(Previous year: Nil).

d. The Company has not been declared Wilful Defaulter by any bank or financial institution or government or any government authority during the year ended March 31, 2024 (Previous year: Nil).

e. The Company has not surrendered or disclosed as income any transactions not recorded in the books of accounts in the course of tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961) during the year ended March 31, 2024 (Previous year: Nil).

f. The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year ended March 31, 2024 (Previous year: Nil).

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