Notes to Accounts of Shashank Traders Ltd.

Mar 31, 2025

vii) Provisions and Contingencies

A provision arising from claims, litigation, assessment, fines, penalties, etc. is recognised when the Company has a
present obligation (legal or constructive) as a result of a past event and it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount
of the obligation. These are reviewed at each balance sheet date and adjusted to reflect current management estimates.
Contingent liabilities are disclosed in respect of possible obligations that have arisen from past events and the existence
of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly
within the control of the enterprise. When there is a possible obligation or present obligation where the likelihood of an
outflow is remote, no disclosure or provision is made.

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity. A
contingent asset is disclosed, where an inflow of economic benefits is probable.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party,
the receivable is recognized as an asset, if it is virtually certain that reimbursement will be received and the amount of
the receivable can be measured reliably.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects,
when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the
passage of time is recognised as a finance cost.

The company does not recognize a contingent liability but disclosed its existence in the financial statements.

_viii) Income Taxes

Income tax comprises current tax and deferred tax. Income tax expense is recognized in the statement of profit and loss
except to the extent it relates to items directly recognized in equity or in other comprehensive income.

Current tax

Current tax for the current and prior periods are measured at the amount expected to be recovered from or paid to the
taxation authorities based on the taxable income for the period. The tax rates and tax laws used to compute the current
tax amount are those that are enacted or substantively enacted by the reporting date and applicable for the period. The
Company offsets current tax assets and current tax liabilities, where it has a legally enforceable right to set off the
recognized amounts and where it intends either to settle on a net basis or to realize the asset and liability
simultaneously.

Deferred tax

Deferred tax is recognized using the balance sheet approach. Deferred tax assets and liabilities are recognized for
deductible and taxable temporary differences arising between the tax base of assets and liabilities and their carrying
amount in financial statements, except when the deferred tax arises from the initial recognition of goodwill or an asset
or liability in a transaction that is not a business combination and affects neither accounting nor taxable profits or loss
at the time of the transaction.

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 utilized.

Deferred tax liabilities are recognized for all taxable temporary differences.

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.

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

Minimum Alternate Taxes

Minimum Alternate Tax (MAT) is payable when the taxable profit is lower than the book profit. Taxes paid under MAT
are available as a set off against regular income tax payable in subsequent years. MAT paid in a year is charged to the
Statement of Profit and Loss as current tax. The Company recognises MAT credit available as an asset only to the extent
that there is convincing evidence that the Company will pay normal income tax during the specified period i.e the
period for which MAT credit is allowed to be carried forward. MAT credit is recognised as an asset and is shown as
''MAT Credit Entitlement''. The Company reviews the ''MAT Credit Entitlement'' asset at each reporting date and write
down the asset to the extent the Company does not have convincing evidence that it will pay normal tax during the
specified period.

i_x) Foreign Currency Translations

_a) Functional and Presentation Currency

Items included in the financial statements are measured using the currency of the primary economic environment in
which the entity operates (''the functional currency''). The financial statements are presented in Indian Rupee (INR),
which is BOJ Heights Private Limited''s functional and presentation currency.

b) Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the
transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the
translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates are
recognised in profit or loss.

x) Leases

The Company, as a lessee, recognizes a right of-use asset and a lease liability for its leasing arrangements, if the contract
conveys the right to control the use of an identified asset.

The contract conveys the right to control the use of an identified asset, if it involves the use of an identified asset and the
Company has substantially all of the economic benefits from use of the asset and has right to direct the use of the
identified asset. The cost of the right-of-use asset shall comprise of the amount of the initial measurement of the lease
liability adjusted for any lease payments made at or before the commencement date plus any initial direct costs incurred.
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 assets 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 Company measures the lease liability at the present value of the lease payments that are not paid at the
commencement date of the lease. The lease payments are discounted using the interest rate implicitin thelease, ifthat
rate can be readily determined. If that rate cannot be readily determined, the Company uses incremental borrowing rate.

For short-term and low value leases, the Company recognizes thelease payments as an operating expense on a straight¬
line basis over the lease term.

xi) Cash and Cash Equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand,
deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of
three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk
of changes in value, and bank overdrafts.

xii) Revenue Recoginition

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.

Sale of Goods - Revenue from sale of goods is recognised when control of the products being sold is transferred to our
customers and there are no longer any unfulfilled obligations. The performance obligations in our contracts are fulfilled
at the time of dispatch, delivery or upon formal customer acceptance depending on customer terms.

Interest Income: Interest income is recognized as it accrues in Statement of Profit and Loss using the effective interest
method.

Dividend income - Revenue is recognized when the shareholder''s right to receive payment is established at the balance
sheet date. Dividend income is included under the head "Other income" in the statement of profit and loss.

xiii) Earnings Per Share

Basic earnings per share is computed using the weighted average number of equity shares outstanding during the
period.

Diluted earning per share is computed by dividing the net profit after tax by the weighted average number of equity
shares considered for deriving basic EPS and also weighted average number of equity shares that could have been
issued upon conversion of all dilutive potential equity shares. Dilutive potential equity shares are deemed converted as
of the beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined
independently for each period presented. The number of equity shares and potentially dilutive equity shares are
adjusted for bonus shares, as appropriate.

xiv) Segment reporting

Business segment: The Company has a single reportable business segment namely; carrying out business of trading of
goods (Textile items)
_xxi) Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded as per the requirement of Part I of
Schedule III, unless otherwise stated.

24. There is nothing to be disclosed under Ind-AS 108 - Segment Reporting since there is no business
segment or geographical segment which is a reportable segment based on the definitions contained
in the accounting standard.

Deferred Tax has been created as per Ind AS-12 issued by Institute of Chartered Accountants of India.

In accordance with IND AS 12 - Income Taxes issued by ministry of corporate affairs, the company
has accounted for the Deferred Tax. Major Components of Deferred Tax Assets and Liabilities are -
NIL

25. The debit and credit balances standing in the name of parties are subject to confirmation from them.

26. In the opinion of the Board of Directors, the current assets, loans & advances are fully realizable at the
value stated, if realized in the ordinary course of business. The provisions for all known liabilities are
adequate in the opinion of board.

27. Employee Benefits

Provision of Gratuity, ESI, PF not applicable in the Company.

33. Capital-Work In Progress :There is no capital work in progress for tangible or intangible assets.

34. Benami Properties :No proceedings has been initiated or pending against the Company for holding
any benami property under the Prohibition of Benami Property Transactions Act, 1988.

35. Borrowings from Banks/FI on the basis of security of Current Assets: The Company does not have

any borrowings from banks. Hence the question of Quarterly Returns or Statements of Current Assets
filed by the Company with Banks/FI, are in agreement with books of accounts does not arise.

36. The company has not been declared as willful defaulter by any bank of financial institution or any other

lender.

37. Transactions with Struck-off Companies :The company has notentered into any transactions with

struck off companiesunder section 248 of the Companies Act 2013 or Section 560 of Companies Act
1956.

38. Registration of Charges or Satisfaction :The company does not have any charges.

39. Compliance with layers of the companies:-

The company has no layers of companies prescribed under Clause (87) of the Act read with
Companies (Restriction on number of Layers) Rules 2017.

40. Scheme orArrangement :During the year, the company has not entered into any scheme or
arrangement in terms of Section 230 to 237 of the Companies Act 2013

41. During the year no income was surrendered or disclosed as income in the tax Assessments.

42. The company has not dealt in Crypto Currency during the year.

43. The Company has not advanced or loaned or invested funds to any other person or entities with an
understandingthat the intermediary will invest or provide any guarantee, security or the like to or on
behalf of ultimate beneficiaries.

44. The Company has not received any fund from any person (s) or entity(s), including
foreignentities(Funding party)with the understanding that the company shall directly or indirectly
investor provide any guarantee, security or the liketo or on behalf of funding party.

45. Use of Borrowed Funds :The Company has not taken any borrowings from banks and Financial
Institutions. Hence the question of its usage does not arise.

46. Debit and credit balances standing in the name of the parties are subject to confirmation from them.

47. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act,
1934.

48. Previous year figures have been regrouped/ reclassified wherever necessary.

49-A Financial instruments

(i) Fair values hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position
are classified into three Levels of a fair value hierarchy. The three levels are defined based on the
observability of significant inputs to the measurem ent, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined
using valuation techniques which maximise the use of observable market data rely as little as possible
on entity specific estimates.

Level 3: If one or more of the significant inputs is not based on observable market data, the
instrument is included in level 3.

⁽ⁱⁱ⁾ Fair value of instruments measured at amortised cost

Fair value of instruments measured at amortised cost for which fair value is not ascertainable are
disclosed is as follows:

49-B Financial risk management

The Company''s activities expose it to market risk, liquidity risk and credit risk. The Company''s board
of directors has overall responsibility for the establishment and oversight of the Company''s risk
management framework. This note explains the sources of risk which the entity is exposed to and
how the entity manages the risk and the related impact in the financial statements.

A) Credit risk

Credit risk is the risk that a counterparty fails to discharge an obligation to the company. The
company is exposed to this risk for various financial instruments, for example by granting loans and
receivables to customers, placing deposits, etc. The company''s maximum exposure to credit risk is
limited to the carrying amount of following types of financial assets.

- cash and cash equivalents,

- trade receivables,

- loans & receivables carried at amortised cost, and

- deposits with banks

Credit risk management

Credit risk rating

The Company assesses and manages credit risk based on internal credit rating system, continuously
monitoring defaults of customers and other counterparties, identified either individually or by the
company, and incorporates this information into its credit risk controls. Internal credit rating is
performed for each class of financial instruments with different characteristics. The Company
assigns the following credit ratings to each class of financial assets based on the assumptions, inputs
and factors specific to the class of financial assets.

A: Low

B: Medium

C: High

Trade receivables

Company''s trade receivables are considered of high quality and accordingly no life time expected
credit losses are recognised on such receivables.

Other financial assets measured at amortised cost

Other financial assets measured at amortized cost . Credit risk related to these other financial assets is
managed by monitoring the recoverability of such amounts continuously, while at the same time
internal control system in place ensure the amounts are within defined limits.

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and
the availability of funding through an adequate amount of committed credit facilities to meet
obligations when due. Due to the nature of the business, the Company maintains flexibility in funding
by maintaining availability under committed facilities.

Management monitors rolling forecasts of the Company''s liquidity position and cash and cash
equivalents on the basis of expected cash flows. The Company takes into account the liquidity of the
market in which the entity operates. In addition, the Company''s liquidity management policy involves
projecting cash flows in major currencies and considering the level of liquid assets necessary to meet
these, monitoring balance sheet liquidity ratios against internal and external regulatory requirements
and maintaining debt financing plans.

Maturities of financial liabilities

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within
12 months equal their carrying balances as the impact of discounting is not significant.

C)Market risk

a) Interest rate risk

The Company is not exposed to changes in market interest rates.

b) Price risk
Exposure

The Company''s exposure to price risk arises is nil

For M/s. Nemani Garg Agarwal & Co. For and on behalf of the Board of Directors of

Chartered Accountants Shashank Traders Limited

Firm Reg. No. 010192N

Sd/- S d/- Sd/- Sd/- Sd/-

J.M. Khandelwal Praveen J Rai Jain Amit Jalan Nipun P Jain Renu Lahoti

Partner Mg. Director Director CFO Company Secretary

M.No. 074267 DIN: 01776424 DIN: 09516312 PAN: APPPJ3547K M. No. 29962

UDIN:25074267BMOXYX2854

Place: New Delhi
Dated: 28.05.2025

---

Mar 31, 2024

vii) Provisions and Contingencies

A provision arising from claims, litigation, assessment, fines, penalties, etc. is recognised when the Company has
a present obligation (legal or constructive) as a result of a past event and it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be
made of the amount of the obligation. These are reviewed at each balance sheet date and adjusted to reflect
current management estimates. Contingent liabilities are disclosed in respect of possible obligations that have
arisen from past events and the existence of which will be confirmed only by the occurrence or non-occurrence of
one or more uncertain future events not wholly within the control of the enterprise. When there is a possible
obligation or present obligation where the likelihood of an outflow is remote, no disclosure or provision is made.

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the
entity. A contingent asset is disclosed, where an inflow of economic benefits is probable.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third
party, the receivable is recognized as an asset, if it is virtually certain that reimbursement will be received and the
amount of the receivable can be measured reliably.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that
reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the
provision due to the passage of time is recognised as a finance cost.

vui) Income Taxes

Income tax comprises current tax and deferred tax. Income tax expense is recognized in the statement of profit
and loss except to the extent it relates to items directly recognized in equity or in other comprehensive income.

Current tax

Current tax for the current and prior periods are measured at the amount expected to be recovered from or paid to
the taxation authorities based on the taxable income for the period. The tax rates and tax laws used to compute
the current tax amount are those that are enacted or substantively enacted by the reporting date and applicable
for the period. The Company offsets current tax assets and current tax liabilities, where it has a legally
enforceable right to set off the recognized amounts and where it intends either to settle on a net basis or to realize
the asset and liability simultaneously.

Deferred tax

Deferred tax is recognized using the balance sheet approach. Deferred tax assets and liabilities are recognized for
deductible and taxable temporary differences arising between the tax base of assets and liabilities and their
carrying amount in financial statements, except when the deferred tax arises from the initial recognition of
goodwill or an asset or liability in a transaction that is not a business combination and affects neither accounting
nor taxable profits or loss at the time of the transaction.

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 utilized.

Deferred tax liabilities are recognized for all taxable temporary differences.

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.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period when the
asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or

Minimum Alternate Taxes

Minimum Alternate Tax (MAT) is payable when the taxable profit is lower than the book profit. Taxes paid under
MAT are available as a set off against regular income tax payable in subsequent years. MAT paid in a year is
charged to the Statement of Profit and Loss as current tax. The Company recognises MAT credit available as an
asset only to the extent that there is convincing evidence that the Company will pay normal income tax during
the specified period i.e the period for which MAT credit is allowed to be carried forward. MAT credit is
recognised as an asset and is shown as ''MAT Credit Entitlement''. The Company reviews the ''MAT Credit
Entitlement'' asset at each reporting date and write down the asset to the extent the Company does not have
convincing evidence that it will pay normal tax during the specified period.

i_x) Foreign Currency Translations

_a) Functional and Presentation Currency

Items included in the financial statements are measured using the currency of the primary economic environment
in which the entity operates (''the functional currency''). The financial statements are presented in Indian Rupee
(INR), which is BOJ Heights Private Limited''s functional and presentation currency.

b) Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of
the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from
the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates
are recognised in profit or loss.

_x) Leases

The Company, as a lessee, recognizes a right of-use asset and a lease liability for its leasing arrangements, if the
contract conveys the right to control the use of an identified asset.

The contract conveys the right to control the use of an identified asset, if it involves the use of an identified asset
and the Company has substantially all of the economic benefits from use of the asset and has right to direct the
use of the identified asset. The cost of the right-of-use asset shall comprise of the amount of the initial
measurement of the lease liability adjusted for any lease payments made at or before the commencement date plus
any initial direct costs incurred. 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 assets 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 Company measures the lease liability at the present value of the lease payments that are not paid at the
commencement date of the lease. The lease payments are discounted using the interest rate implicit in the lease, if
that rate can be readily determined. If that rate cannot be readily determined, the Company uses incremental
borrowing rate.

For short-term and low value leases, the Company recognizes the lease payments as an operating expense on a
straight-line basis over the lease term.

_xi) Cash and Cash Equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand,
deposits held at call with financial institutions, other short-term, highly liquid investments with original
maturities of three months or less that are readily convertible to known amounts of cash and which are subject to
an insignificant risk of changes in value, and bank overdrafts.

_xii) Revenue Recoginition

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.

Sale of Goods - Revenue from sale of goods is recognised when control of the products being sold is transferred
to our customers and there are no longer any unfulfilled obligations. The performance obligations in our
contracts are fulfilled at the time of dispatch, delivery or upon formal customer acceptance depending on
Interest Income: Interest income is recognized as it accrues in Statement of Profit and Loss using the effective
interest method.

Dividend income - Revenue is recognized when the shareholder''s right to receive payment is established at the
balance sheet date. Dividend income is included under the head "Other income" in the statement of profit and
loss.

_xiii) Earnings Per Share

Basic earnings per share is computed using the weighted average number of equity shares outstanding during
the period.

Diluted earning per share is computed by dividing the net profit after tax by the weighted average number of
equity shares considered for deriving basic EPS and also weighted average number of equity shares that could
have been issued upon conversion of all dilutive potential equity shares. Dilutive potential equity shares are
deemed converted as of the beginning of the period, unless issued at a later date. Dilutive potential equity shares
are determined independently for each period presented. The number of equity shares and potentially dilutive
equity shares are adjusted for bonus shares, as appropriate.

_xi_v) Segment reporting

Business segment: The Company has a single reportable business segment namely; carrying out business of
trading of goods (Textile items)

_xxi) Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded as per the requirement of Part I of
Schedule III, unless otherwise stated.

33. Capital-Work In Progress :There is no capital work in progress for tangible or intangible assets.

34. Benami Properties :No proceedings has been initiated or pending against the Company for holding any
benami property under the Prohibition of Benami Property Transactions Act, 1988.

35. Borrowings from Banks/FI on the basis of security of Current Assets: The Company does not have
any borrowings from banks. Hence the question of Quarterly Returns or Statements of Current Assets
filed by the Company with Banks/FI, are in agreement with books of accounts does not arise.

36. The company has not been declared as willful defaulter by any bank of financial institution or any other
lender.

37. Transactions with Struck-off Companies :The company has not entered into any transactions with
struck off companies under section 248 of the Companies Act 2013 or Section 560 of Companies Act
1956.

38. Registration of Charges or Satisfaction :The company does not have any charges.

39. Compliance with layers of the companies:-

The company has no layers of companies prescribed under Clause (87) of the Act read with Companies
(Restriction on number of Layers) Rules 2017.

40. Scheme or Arrangement :During the year, the company has not entered into any scheme or
arrangement in terms of Section 230 to 237 of the Companies Act 2013

41. During the year no income was surrendered or disclosed as income in the tax Assessments.

42. The company has not dealt in Crypto Currency during the year.

43. The Company has not advanced or loaned or invested funds to any other person or entities with an
understanding that the intermediary will invest or provide any guarantee, security or the like to or on
behalf of ultimate beneficiaries.

44. The Company has not received any fund from any person (s) or entity(s), including foreign entities
(Funding party) with the understanding that the company shall directly or indirectly investor provide
any guarantee, security or the like to or on behalf of funding party.

45. Use of Borrowed Funds :The Company has not taken any borrowings from banks and Financial
Institutions. Hence the question of its usage does not arise.

46. Debit and credit balances standing in the name of the parties are subject to confirmation from them.

47. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act,
1934.

48. Previous year figures have been regrouped/ reclassified wherever necessary.

(All amounts in INR Hundred, unless otherwise stated)

49-A Financial instruments
(i) Fair values hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position
are classified into three Levels of a fair value hierarchy. The three levels are defined based on the
observability of significant inputs to the measurement, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is
determined using valuation techniques which maximise the use of observable market data rely as
little as possible on entity specific estimates.

The Company''s activities expose it to market risk, liquidity risk and credit risk. The
Company''s board of directors has overall responsibility for the establishment and oversight of
the Company''s risk management framework. This note explains the sources of risk which the
entity is exposed to and how the entity manages the risk and the related impact in the financial
statements.

A) Credit risk

Credit risk is the risk that a counterparty fails to discharge an obligation to the company. The
company is exposed to this risk for various financial instruments, for example by granting
loans and receivables to customers, placing deposits, etc. The company''s maximum exposure
to credit risk is limited to the carrying amount of following types of financial assets.

- cash and cash equivalents,

- trade receivables,

- loans& receivables carried at amortised cost, and

- deposits with banks

Credit risk management

Credit risk rating

The Company assesses and manages credit risk based on internal credit rating system,
continuously monitoring defaults of customers and other counterparties, identified either
individually or by the company, and incorporates this information into its credit risk controls.
Internal credit rating is performed for each class of financial instruments with different
characteristics. The Company assigns the following credit ratings to each class of financial
assets based on the assumptions, inputs and factors specific to the class of financial assets.

Trade receivables

Company''s trade receivables are considered of high quality and accordingly no life time expected
credit losses are recognised on such receivables.

Other financial assets measured at amortised cost

Other financial assets measured at amortized cost . Credit risk related to these other financial assets
is managed by monitoring the recoverability of such amounts continuously, while at the same time
internal control system in place ensure the amounts are within defined limits.

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities
and the availability of funding through an adequate amount of committed credit facilities to meet
obligations when due. Due to the nature of the business, the Company maintains flexibility in
funding by maintaining availability under committed facilities.

Management monitors rolling forecasts of the Company''s liquidity position and cash and cash
equivalents on the basis of expected cash flows. The Company takes into account the liquidity of
the market in which the entity operates. In addition, the Company''s liquidity management policy
involves projecting cash flows in major currencies and considering the level of liquid assets
necessary to meet these, monitoring balance sheet liquidity ratios against internal and external
regulatory requirements and maintaining debt financing plans.

Maturities of financial liabilities

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due
within 12 months equal their carrying balances as the impact of discounting is not significant.

C) Market risk

a) Interest rate risk

The Company is not exposed to changes in market interest rates.

b) Price risk
Exposure

The Company''s exposure to price risk arises is nil
As per our report of even date attached.

For M/s. Nemani Garg Agarwal & Co. For and on behalf of the Board of Directors of

Chartered Accountants Shashank Traders Limited

Firm Reg. No. 010192N

Sd/- Sd/- Sd/- Sd/- Sd/-

J.M. Khandelwal Praveen J Rai Jain Amit Jalan NipunP Jain Silpa

Partner Mg. Director Director CFO Company Secretary

M.No. 074267 DIN: 01776424 DIN: 09516312 PAN: APPPJ3547K M. No. 34923

UDIN: 24074267BKHGUV9357
Place: New Delhi
Dated: 30.05.2024