Notes to Accounts of On Door Concepts Ltd.

Mar 31, 2025

12. PROVISIONS, CONTINGENT LIABILITIESAND CONTINGENT ASSETS

Provisions involving substantial degree of estimation in measurement are recognized when there is a
present obligation as a result of past events and it is probable that there will be an outflow of resources.
However , no provisions has been made in respect of interest under section 23 of The Micro , Small and
Medium Enterprises development Act ,2006 .Contingent liabilities are not recognized but are disclosed in
the notes, if any. Contingent Assets are neither recognized nor disclosed in the financial statements.

13. PREOPERATIVE EXPENDITURE

All the expenditure administrative in nature are grouped under the head preoperative expenditure.
However, there are no preoperative expenses in the company during the current year.

14. ACCOUNTING POLICIES

Unless specifically stated to be otherwise, accounting policies are being consistently followed.

15. EVENTS OCCURING AFTER THE BALANCE SHEET DATE

Events occurring after the date of Balance Sheet are considered up to the date of finalization of accounts,

16. DIVERSION OF FUNDS BORROWED FROM BANKS AND FINANCIAL INSTITUTIONS

The Board of Directors is of the opinion that there is no diversion of the funds borrowed from the banks
and financial institutions.

17. REALISABLE VALUE OF ASSETS

The Board of Directors is of the opinion that any of the assets other than Property, Plant and Equipment,
Intangible Assets and non-current investments have realizable value not less than their carrying amount in
the ordinary course of business.

18. IMMOVABLE PROPERTIES NOT HELD IN THE NAME OF COMPANY

There are no immovable property not held in the name of the company.

19. REVALUATION OF PROPERTY, PLANT AND EQUIPMENT AND INTANGIBLE ASSETS
Company has not revalued its assets during the current financial year.

20. LOANS OR ADVANCES GRANTED TO PROMOTERS, DIRECTORS, KMPS AND RELATED PARTIES

As on date,Company has not granted any Loans or Advances to Promoters, Directors, KMPs and Related
Parties.

21. CLASSIFICATION, AGEING SCHEDULE AND COMPLETION SCHEDULE OF CAPITAL WORK-IN-PROGRESS
AND INTANGIBLE ASSETS UNDER DEVELOPMENT

There were no capital work-in-progress and intangible assets under development during the financial year.

22. BENAMI PROPERTY

No proceedings have been initiated or pending against the company for holding any benami property.

23. RETURNS OR STATEMENTS FILED WITH BANKS OR FINANCIAL INSTITUTIONS IN AGREEMENT WITH
BOOKS OF ACCOUNTS

The company confirms that the statement filed with the banks are in agreement with the books of
accounts.

24. WILFUL DEFAULTER

The company was not declared as willful defaulter during the year.

25. RELATIONSHIP WITH STRUCK OFF COMPANIES

The company has no transactions with struck off companies

26. PENDING FILING OF CHARGES

There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory
period.

29. COMPLIANCE WITH APPROVED SCHEME OF ARRANGEMENTS

No scheme of arrangements has been approved in terms of sections 230 to 237 of the Companies Act,
2013 is entered by company.

30. MONEY LAUNDERING

The company has not advanced or loaned or invested funds to intermediaries for directly or indirectly
lending to, or investing in, or providing guarantee or security on behalf of ultimate beneficiaries identified

by the company and/or where the company has received any fund to act as intermediary for directly
lending to, or investing in, or providing any guarantee or security on behalf of ultimate beneficiaries
identified by the funding parties.

31. UNDISCLOSED INCOME

The company does not have any undisclosed income as per records and books of accounts.

32. CSR

The provisions of Section 135 of the Companies Act, 2013, pertaining to Corporate Social Responsibility
(CSR) were not applicable to the Company in previous financial years. However, for during the preceding
the financial year ended 31.03.2024, the Company’s profit has exceeded Rs. 5 crore. Consequently, the
Company, now in the current financial year ended 31.03.2025 has recognized CSR Provision of Rs. 9.32
lacs to comply with the CSR provisions under the Companies Act, 2013.

33. CRYPTO CURRENCY

The company has not traded or invested in Crypto currency or Virtual currency duringthe financial year.

---

Mar 31, 2024

^(c) The Company has only one class of equity shares having a par value of Rs10/- per share. Each holder of equity shares is entitled to one vote per share. The holders of Equity Shares are entitled to receive dividends as declared from time to time. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

NOTES ON ACCOUNTS -

1) Figures for the previous years have been split up and regrouped wherever-er necessary so as to correspond to current year’s figures.

2) Description and reconciliation of shareholders has been taken as per records, documents and statutory records made available to us, and is certified on the basis of these records.

3) Balance Sheet and Statement of Profit & Loss together with the notes thereon, are drawn up so as to disclose the information required under the Companies Act, 2013 as well as give a true and fair view of the statement of affairs of the Company as at the end of the year as results of the Company for the year under review.

4) Figures are rounded-off to the Lacs.

5) Details of contingent liabilities are as under:

• VAT demand of Rs. 149.85 Lacs of FY 2016-17, pending before the Appellate authority.

• Notice issued by the DCIT (TDS), Bhopal for delay in deposit of TDS for the financial year 202122.

• Liability on account of provisions not made in respect of interest under section 23 of The Micro, Small and Medium Enterprises development Act, 2006

• TDS Demand amounting to Rs. 64,31,030/- as per TRACES portal, pending for rectifications.