Notes to Accounts of Prevest Denpro Ltd.

Mar 31, 2025

• Provisions And Contingent Liabilities

A provision is recognized if, as a result of a past
event, the Company has a present legal obligation
that is reasonably estimable, and it is probable
that an outflow of economic benefits will be
required to settle the obligation. Provisions are
determined by the best estimate of the likely
future outflow of economic benefits required to
settle the obligation at the reporting date.

Where no reliable estimate can be made, a
disclosure is made as contingent liability. A
disclosure for a contingent liability is also made

when there is a possible obligation or a present
obligation that may, but probably will not, require
an outflow of resources. Where there is a possible
obligation or a present obligation in respect of
which the likelihood of outflow of resources is
remote, no provision or disclosure is made.

• Cash & Cash Equivalents

Cash and cash equivalents comprise cash and
cash on deposit with banks. The Company
considers all highly liquid investments with a
remaining maturity at the date of purchase of
three months or less and that are readily
convertible to known amounts of cash to be cash
equivalents.

• Lease

Leases where the Lessor effectively retains
substantially all the risks and benefits of ownership
of the Leased Asset, are classified as ''Operating
Leases". Lease rentals with respect to assets taken
on ''Operating Lease'' are charged to Statement of
Profit and Loss on a straight line basis over the
lease term.

Leases which effectively transfer to the Company
substantially all the risks and benefits incidental to
the ownership of the leased item are classified as
''Finance Lease''. Assets acquired on Finance Lease
which substantially transfer all the risks and rewards
of ownership to the Company are capitalized as
assets by the Company at the lower of the fair
value and the present value of the minimum lease
payment and a liability is created for an equivalent
amount. Lease rentals payable is apportioned
between the liability and finance charge so as to
obtain a constant periodic rate of interest on the
outstanding liability for each year.

• Investments

Investments, which are readily realizable and
intended to be held for not more than one year
from the date on which such investments are made,
are classified as current investments. All other

investments are classified as long-term investments. On initial recognition, all investments are measured at
cost. The cost comprises purchase price and directly attributable acquisition charges such as brokerage,
fees and duties. Current investments are carried in the financial statements at lower of cost and fair value
determined on an individual investment basis. Long-term investments are carried at cost.

However, provision for diminution in value is made to recognize a decline other than temporary in the value
of the investments.

On disposal of an investment, the difference between it carrying amount and net disposal proceeds is
charged or credited to the statement of profit and loss.

• SEGMENT REPORTING

Company is operating under a single segment.

For Mittal & Associates For and on behalf of the Board of Directors

Chartered Accountant
FRN: 106456W

sd/- sd/-

Atul Modi Namrata Modi

Managing Director Executive Director & CFO

sd/- DIN:00788272 DIN:00788266

Hemant Bohra
Partner

Membership Number: 165667 _sd/_-

UDIN: 25165667BMMLAJ1680 Aman Sadhotra

Place: Mumbai Company Secretary

Date:27^th May, 2025 PAN: HDUPS3709E

Place: Jammu
Date:27^th May, 2025

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Mar 31, 2024

11. PROVISIONS AND CONTINGENT LIABILITIES

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by the best estimate of the likely future outflow of economic benefits required to settle the obligation at the reporting date.Where no reliable estimate can be made, a disclosure is made as contingent liability. A disclosure for a contingent liability is also made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

12. CASH & CASH EQUIVALENTS

Cash and cash equivalents comprise cash and cash on deposit with banks. The Company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents.

13. SEGMENT REPORTING

Company is operating under a single segment.

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Mar 31, 2023

11. PROVISIONS AND CONTINGENT LIABILITIES

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by the best estimate of the likely future outflow of economic benefits required to settle the obligation at the reporting date.

Where no reliable estimate can be made, a disclosure is made as contingent liability. A disclosure for a contingent liability is also made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

12. CASH & CASH EQUIVALENTS

Cash and cash equivalents comprise cash and cash on deposit with banks. The Company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents.

13. SEGMENT REPORTING

Company is operating under a single segment

Note-29

Additional Regulatory Information

Details of Benami Property held

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

Details of Loans and advances

The company has not granted any loans and advances to promoters, directors, key managerial personnel (KMPs) and the related parties which are repayable on demand or without specifying any terms or period of repayment.

Wilful Defaulter

The company has not been declared as a wilful Defaulter by any Financial Institution or bank as at the date of Balance Sheet.

Relationship with Struck off Companies

The Company do not have any transactions with companies struck off.

Registration of charges or satisfaction with Registrar of Companies (ROC)

The company has no pending charges or satisfaction which are yet to be registered with the ROC beyond the Statutory period.

Compliance with number of layers of companies

The company has complied with the provision of the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on Compliance with approved Scheme(s) of Arrangements

There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

Discrepancy in utilization of borrowings

The company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date. There are no discrepancy in utilisation of borrowings.

Utilisation of Borrowed funds and share premium:

(A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) The company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (intermediaries) with the understanding The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in

Note-30

Additional Information:

Undisclosed income

The Company has no transaction that is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments

Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto currency or Virtual Currency.

Undisclosed income

The Company has no transaction that 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 Income Tax Act, 1961).