Notes to Accounts of Scarnose International Ltd.

Mar 31, 2025

h 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.

i 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 equivalents.

For SCARNOSE INTERNATIONAL LIMITED For K M Chauhan & Associates

Chartered Accountants
FRN -125924W

Shraddha Dev Pandya

Managing Director , DIN - 09621935

CA Kishorsinh M Chauhan
Partner
M. No-118326

Maharshi Jigar Pandya UDIN - 25118326BMITTL4067

Director , DIN - 09621936 Place: Rajkot

Date : 23/05/2025

ASHVINBHAI GOPALBHAI DONGA HELI JITENDRABHAI MODI

CFO , PAN - AMBPD1129N Company Secretary , ACS NO : A73653

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Mar 31, 2024

(d) Rights, Preferences and restrictions attached to Equity Shares :

The Company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the Company, the equity shareholders will be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts, if any, in proportion to the number of equity shares held by the shareholders.

In the opinion of the Board of Directors of the Company and to the best of their knowledge and belief all the current assets, loans & 27. advances have a value on realisation in the ordinary course of the business at least equal to the amount at which they are stated in the Balance Sheet.

Micro and Small Scale Business Enterprises: The management has initiated the process of identifying enterprises which have been

30 providing goods and services to the company and which qualify under the definition of micro and small enterprises, as defined under Micro, Small and Medium Enterprise Development Act, 2006. Accordingly, the disclosure requirement here under is not furnished

31 Previous year figures has been regrouped wherever necessary.

32 Figures have been rounded off to nearest Lakhs.

33 Utilisation of Borrowed Fund or Equity Capital and purpose:

The Company has not taken any Loan from Bank or Financial Institution during the period under review.

34 Title deeds of immovable Property not held in name of the Company - Not Applicable

35 Compliance with number of layers of companies: . The Company does not have any Subsidiary Company

36 Registration of charges or satisfaction with Registrar of Companies - There is no charge created by the Company

37 Relationship with Struck off Companies: Not Applicable

38 Wilful Defaulter : The Company has not been declared as Wilful Defaulter by any Bank or Financial Institutions or Government or any Government Authority

³⁹ Detalls of Benami Property held : No proceedings have been initiated during the year or are pending against the Company as at March 31, 2024 for holding any Benami Property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.

40 Capital WIP : Not Applicable

41 Intangible assets under development : Not Applicable

42 Segment Reporting : Not Applicable

In the opinion of the Board; Current Assets, Loans and Advances are approximately of the value stated if realized in the ordinary

43 course of business. The provisions for depreciation and all known liabilities are adequate and not in excess of the amount considered reasonably necessary.

44 Previous year’s figures have been regrouped / rearrange or reclassified, wherever necessary to conform to the current years grouping or reclassification