Notes to Accounts of Shantidoot Infra Services Ltd.

Mar 31, 2024

1.12 Provisions/ Contingencies

(a) Provision involving substantial degree of estimation in measurements is 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.

(b) Contingent Liabilities are shown by way of notes to the Accounts in respect of obligations where, based on the evidence available, their existence at the Balance Sheet date is considered not probable,

(c) A Contingent Asset is not recognized in the Accounts.

1.13 Segment Reporting

A. Business Segments:

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment Reporting issued by ICAI, the Company has only one reportable Business Segment, which is Construction contract and VVorks contract. Accordingly, the figures appearing in these financial statements relate to the Company''s single Business Segment.

B. Geographical Segments:

The Company activities / operations are confined to India and as such there is only one geographical segment.

Accordingly, the figures appearing in these financial statements relate to the Company''s single geographical segment.

NOTE 1.18 -

Medium Enterprises Development Act, 2006 and hence disclosures has been made only for the parties from whome the declaration has been received. In respect of other vendors from whom declaration has not been received disclosure has not been made for those which have not been received disclosure has not been made.

NOIE E19 _; Party''s Balance with respect to the Trade Receivables, Trade & Other Payables, Loans & advances are subject to confirmation/reconciliation. In the opinion of management, the same are receivable/ payable as stated in the books of accounts. Hence, no effect on the profitability due to the same for the year under review.

" Previous year''s figure have been regrouped/rearranged whenever necessary to conform to the current year''s presentation.

Notes:

1. Debt equity ratio decreased by 85.80% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to decrease in Debt for the year ended 31.03.2024

2. Debt service coverage ratio decrease by 64.36% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Debt Services for the year ended 31.03.2024

3. Trade receivable turnover ratio decrease by 38.92% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in average debtors during the F.Y. 2023-24.

* j j i

4. Working capital turnover ratio decreased by 36.43% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in working capital the F.Y. 2023-24.

5. Net profit ratio increases by 33.19 % in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Profit after tax during the F.Y. 2023-24.

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Mar 31, 2023

Provisions / Contingencies

(a) Provision involving substantial degree of estimation in measurements is 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.

(b) Contingent Liabilities are shown by way of notes to the Accounts in respect of obligations where, based on
the evidence available, their existence at the Balance Sheet date is considered not probable.

(c) A Contingent Asset is not recognized in the Accounts.

1.13 Segment Reporting

A. Business Segments:

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment Reporting issued by
ICAI, the Company has only one reportable Business Segment, which is Construction contract and Works
contract. Accordingly, the figures appearing in these financial statements relate to the Company''s single
Business Segment.

B. Geographical Segments:

The Company activities / operations are confined to India and as such there is only one geographical segment.
Accordingly, the figures appearing in these financial statements relate to the Company''s single geographical
segment.

The company has sub divided its equity shares from face value of Rs. 100/- each to face value of Rs 10/- each vide resolution passed in
inembers meeting dated 23rd March, 2022, approved by MCA as on 04th May, 2022.

The company has issued 1500000 bonus equity shares in the proportion of 30:1 (30 (Thirty) fully paid bonus equity shares of Rs. 10/- each
alloted against 1 (One) equity share of Rs. 10/- each) vide resolution passed in members meeting dated 12th July, 2022 and alloted on 12th
July, 2022, effect of this bonus issue has been considered to calculate EPS.

The company has issued 248000 fully paid equity shares of Rs. 10/- each at a premium of Rs. 71 /- each through IPO on 14th September, 2022.
NOTE 2B: Term/rights attached to equity shares:

The Company has only one class of equity shares having a par value of RslO per share. The company has sub divided its equity shares from
face value of Rs. 100/- each to face value of Rs 10/- each vide resolution passed in members meeting dated 23rd March, 2022 which has been
approved by MCA on 04th May, 2022. Holder of each equity share is entitled to one vote.

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 to equity shareholders will be in proportion to the number of equity shares held by
the shareholders.