Notes to Accounts of Swaraj Suiting Ltd.

Mar 31, 2025

9. VALUATION OF INVENTORY

(A) Inventories are valued at cost and net realizable value whichever is lower.

(B) Cost is determined on FIFO/Weighted average method.

(C) The cost of inventories comprises all cost of purchase, cost of conversion, and other costs incurred in bringing the inventories to
their present location and condition.

(D) Merchandise received under consignment and concessionaire arrangements belong to the consignors/concessionaires and are
therefore excluded from the Company''s inventories

(E) All other inventories of stores, consumables are valued at cost

10. PROVISIONS, CONTINGENT LIABILITY & CONTINGENT ASSETS

(A) Provisions involving substantial degree of estimation in measurement, are recognized when the present obligation of or past
events gives rise to a probable outflow embodying economic benefits on settlement and the amount of obligation can be reliably
estimated.

(B) Contingent liabilities are disclosed after a careful evaluation of facts and legal aspects of the matter involved.

(C) Contingent assets are neither recognized nor disclosed in financial statements.

(D) Provisions and contingent liabilities are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

11. PRELIMINARY EXPENSES

Preliminary Expenses are written off over a period of 5 years in equal proportion from the date of commencement of commercial activity.

12. EVENTS OCCURRING AFTER BALANCE SHEET DATE

No significant events which could affect the financial position as on 31.03.2025 to a material extent have been reported by the Assesse,
after the balance sheet date till the signing of report.

13. PRIOR PERIOD AND EXTRAORDINARY ITEMS

There are no material changes or credits which arise in the current period on accounts of errors and omission in the preparation of the
financial statements for the one or more period.

14. BORROWING COST

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such
assets. All other cost is recognized as expenses in the year in which they are incurred.

15. EMPLOYEE BENEFIT EXPENSES

A) Defined Contribution Plan: The Company makes defined contribution to provided fund which are accounted on accrual basis.

B) Defined Benefit Plan: The company''s Liability on account of Gratuity of employee is determine at the end of each financial year
on the basis of actuarial valuation certificate obtained from Registered Actuary in accordance with the measurement procedure
as per revised accounting standard (AS) - 15 "Employee Benefit". The liability is funded on year to year basis by contribution to
respective fund. The cost of providing benefit under this plan also determine on the basis of actuarial valuation at each year end.

16. CASH FLOW STATEMENT

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of non-cash
nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with
investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

17. IMPAIRMENT OF FIXED ASSETS

Impairment of assets is being measured on factors giving rise to any indication of impairment, by comparing the recoverable amount,
higher of value in use and net selling price of an asset, with carrying amount of an asset as per the Accounting Standard 28 "Impairment
of Assets" issued by ICAI.

18. FOREIGN EXCHANGE TRANSACTION /TRANSLATION

A) Foreign currency transactions arising during the year are recorded at the exchange rates prevailing on the dates of transactions.

B) Any income or expense on account of exchange difference either on settlement or on translation is recognized in the Statement of
Profit and Loss.

C) All foreign exchange assets/Liabilities on the closing day are converted at closing exchange rate.

D) Exchange loss on outstanding derivatives transaction are computed on mark to market basis on the closing date and accounted for
as expenses of period. However gain is not recognized as income of the period, following conservative approach.

19. CASH AND CASH EQUIVALENTS

Cash and Cash equivalents for the purpose of cash flow statement comprise cash at bank, Cash in hand, Cheque in hand and other
permissible instruments as per AS 3.

20. SEGMENT REPORTING

The dominant source of income of the company is from the manufacturing of fabric of various qualities which do not materially differ
in respect of risk perception and the return realized/to be realized. Even the geographical environment in which the company operates
does not materially differ considering the political and economic environment, the type of customers, assets employed and the risk and
return associated in respect of each of the geographical area. So, the disclosure requirements pursuant to AS17 -Segment Reporting
issued by the ICAI are not applicable to the company

21. DISCLOSURES REQUIRED UNDER SECTION 22 OF THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

The figures have been disclosed on the basis of information received from suppliers who have registered themselves under the Micro,
Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) and/or based on the information available with the Company.

1) "BANKOF"BARODA"T/L"25790600004427"Bhilwara

[Repayable in 30 quarterly installments commencing in Feb 19 and ending in May 19 with first ten installments of Rs.50 Lacs each, next
eight installments of Rs.60.00 Lacs each & last twelve installments of Rs.65.00 Lacs each]

A) Pari Passu 1st Charge of State bank of India, Bank Of Baroda and Union Bank by way of equitable mortgage of Factory land and Building.

B) Pari Passu 1st Charge of State bank of India, Bank Of Baroda and Union Bank by way of hypothecation of entire fixed assets of the
company

C) Personal Guarantee of Directors and corporate guarantee of M/S Gomoto textile Private Limited, M/S Sakina Textile Private Limited,
Divine Suitings Private Limited and Modway Suitings Private limited.

2) BANK OF BARODA 92300600000004 (SOLAR)

[Repayable in 28 quarterly installments commencing in March 2021 and ending in December 2027 with 27 installments of Rs.3.80 Lacs
each & last installment of Rs.2.40 Lacs]

A) Pari Passu 1st Charge of State bank of India, Bank Of Baroda and Union Bank by way of equitable mortgage of Factory land and Building.

B) Pari Passu 1st Charge of State bank of India, Bank Of Baroda and Union Bank by way of hypothecation of entire fixed assets of the
company

C) Personal Guarantee of Directors and corporate guarantee of M/S Gomoto textile Private Limited, M/S Sakina Textile Private Limited,
Divine Suitings Private Limited and Modway Suitings Private limited

3) BANK OF BARODA COVID 19 25790600005079

(1 Year Moratorium, 35 monthly installments of 772000/- and last installment of 780000) (Secured by guarantee of Government of India)

4) STATE BANK OF INDIA COVID TL 39646873280

(1 Year Moratorium, 35 monthly installments of 1014000/- and last installment of 1010000, repayment beginning in September 2021)
(Secured by guarantee of Government of India)

5) BANK OF BARODA 92300600000021 BGECL (EXTENSION)

(2 Years Moratorium, 36 Monthly installments of Rs 433333.33 after moratorium period is over)

6) STATE BANK OF INDIA 40602780294 Bhilwara

(24 Months Moratorium, 36 equal monthly installments of 500000/- beginning from 29 November, 2021)

7) BANK OF BARODA TL 92300600000045 Bhilwara

(12 Months Moratorium, 26 quarterly installments beginning from 31.12.2022- Two quarterly installments of Rs 0.46 crs , next four
quarterly installments of Rs 0.56 crs, next four quarterly installments of Rs 0.60 crs, next four quarterly installments of Rs 0.61 crs, next
four quarterly installments of Rs 0.65 crs , next four quarterly installments of Rs 0.66 crs, next four quarterly installments of Rs 0.69 crs)
Securities Offered

A) Pari Passu 1st Charge of State bank of India, Bank Of Baroda and Union Bank by way of equitable mortgage of Factory land and Building.

B) Pari Passu 1st Charge of State bank of India, Bank Of Baroda and Union Bank by way of hypothecation of entire fixed assets of the
company

C) Personal Guarantee of Directors and corporate guarantee of M/S Gomoto textile Private Limited, M/S Sakina Textile Private Limited,
Divine Suitings Private Limited and Modway Suitings Private limited

8) STATE BANK OF INDIA TL 00000040724145708 Bhilwara

(15 Months Moratorium, 26 quarterly installments beginning from 31.12.2022- Two quarterly installments of Rs 0.34 crs , next four
quarterly installments of Rs 0.42 crs, next four quarterly installments of Rs 0.44 crs, next four quarterly installments of Rs 0.46 crs, next
four quarterly installments of Rs 0.49 crs , next four quarterly installments of Rs 0.50 crs, next four quarterly installments of Rs 0.52 crs)
Securities Offered

A) Pari Passu 1st Charge of State bank of India, Bank of Baroda and Union Bank by way of equitable mortgage of Factory land and Building.

B) Pari Passu 1st Charge of State bank of India, Bank of Baroda and Union Bank by way of hypothecation of entire fixed assets of the
company

C) Personal Guarantee of Directors and corporate guarantee of M/S Gomoto textile Private Limited, M/S Sakina Textile Private Limited,
Divine Suitings Private Limited and Modway Suitings Private limited

9) UNION BANK OF INDIA TL 373606390005027 Bhilwara

(12 Months Moratorium, 26 quarterly installments beginning from 31.12.2022- Two quarterly installments of Rs 0.42 crs , next four
quarterly installments of Rs 0.52 crs, next four quarterly installments of Rs 0.56 crs, next four quarterly installments of Rs 0.58crs, next
four quarterly installments of Rs 0.61 crs , next four quarterly installments of Rs 0.63 crs, next three quarterly installments of Rs 0.65 crs
and last instalment of rs. 0.61 Crs.) Securities Offered

A) Pari Passu 1st Charge of State bank of India, Bank Of Baroda and Union Bank by way of equitable mortgage of Factory land and Building.

B) Pari Passu 1st Charge of State bank of India, Bank Of Baroda and Union Bank by way of hypothecation of entire fixed assets of the
company

C) Personal Guarantee of Directors and corporate guarantee of M/S Gomoto textile Private Limited, M/S Sakina Textile Private Limited,
Divine Suitings Private Limited and Modway Suitings Private limited

10) BANK OF BARODA 92300600000104

(0.5 Year Moratorium,1.5 Disbursement period , 32 quarterly installments. First quarterly installments of Rs 0.26 crs. [Q-4 2024-25] , next
four equal quarterly installments of Rs 0.26crs[2025-26], next four equal quarterly installments of Rs 0.41crs[2026-27],next four equal
quarterly installments of Rs 0.61crs [2027-28],next four equal quarterly installments of Rs 0.72 crs[2028-29] , next four equal quarterly
installments of Rs 1.23 crs[2029-30],next four equal quarterly installments of Rs 1.38 crs[2030-31],next four equal quarterly installments
of Rs 1.53 crs[2031-32] and last three equal quarterly installments of Rs 1.73 crs[2032-33] [Beginning with 30.03.2025]

11) UNION BANK OF INDIA 180216390000004

(0.5 Year Moratorium, 1.5 Disbursement period , 32 quarterly installments. First quarterly installments of Rs 0.35 crs. [Q-4 2024-25] , next
four equal quarterly installments of Rs 0.35crs[2025-26], next four equal quarterly installments of Rs 0.57crs[2026-27],next four equal
quarterly installments of Rs 0.85crs [2027-28],next four equal quarterly installments of Rs 0.99 crs[2028-29] , next four equal quarterly
installments of Rs 1.70 crs[2029-30],next four equal quarterly installments of Rs 1.92 crs)[2030-31],next four equal quarterly installments
of Rs 2.13 crs)[2031-32] and last three equal quarterly installments of Rs 2.40 crs)[2032-33] [Beginning with 30.03.2025]

12) INDIAN OVERSEAS BANK 015803303000004

0.5 Year Moratorium,1.5 Disbursement period , 32 quarterly installments. First quarterly installments of Rs 0.34 crs. [Q-4 2024-25] , next
four equal quarterly installments of Rs 0.34crs[2025-26], next four equal quarterly installments of Rs 0.55crs[2026-27],next four equal
quarterly installments of Rs 0.82crs [2027-28],next four equal quarterly installments of Rs 0.95 crs[2028-29] , next four equal quarterly
installments of Rs 1.64 crs[2029-30],next four equal quarterly installments of Rs 1.84 crs)[2030-31],next four equal quarterly installments
of Rs 2.05 crs[2031-32] and last three equal quarterly installments of Rs 2.31 crs[2032-33] [Beginning with 30.03.2025

13) CANARA BANK 170010115870

0.5 Year Moratorium,1.5 Disbursement period , 32 quarterly installments. First quarterly installments of Rs 0.30 crs. [Q-4 2024-25] , next
four equal quarterly installments of Rs 0.30crs[2025-26], next four equal quarterly installments of Rs 0.48crs[2026-27],next four equal
quarterly installments of Rs 0.72crs [2027-28],next four equal quarterly installments of Rs 0.84 crs[2028-29] , next four equal quarterly
installments of Rs 1.43 crs[2029-30],next four equal quarterly installments of Rs 1.61 crs[2030-31],next four equal quarterly installments
of Rs 1.79 crs[2031-32] and last three equal quarterly installments of Rs 2.02 crs[2032-33] [Beginning with 30.03.2025]

14) TL SIDBI D00090OV (SOLAR)

( 6 month moratorium , 53 monthly installments of Rs. 530000/- and last installment of Rs. 536000)

15) VEHICLE LOAN

(Secured against hypothecation of vehicle)_

39. Details of Benami Property held: -Noproceedings have been initiated or pending against the company for holding any benami property
under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder

40. Where the Company has borrowings from banks or financial institutions on the basis of security of current Assets: - The

company has borrowing from bank or financial institution on the basis of security of current assets and it is submitted that:-

1. Quarterly returns are submitted on timely basis.

2. Data provided in stock statement are as per best available quantities subject to physical verification. There is no material difference
between stock statement submitted to bank and books of accounts, although minor difference can arise due to method of valuation,
Physical verification, return of goods, shortage, wastage, ABC analysis of stock, Debit and credit notes and reconciliation of debtors
and creditors.

41. Wilful Defaulter: - Company is not declared wilful defaulter by any bank or financial Institution or other lender during the year under
consideration.

42. Relationship with Struck off Companies: - Company has not having any transactions with companies struck off under section 248 of
the Companies Act, 2013 or section 560 of Companies Act, 1956.

43. Registration of charges or satisfaction with Registrar of Companies: - No charge creation or satisfaction yet to be registered with
Registrar of Companies beyond the statutory period for the current year.

44. Compliance with number of layers of companies: -Company has complied with the number of layers prescribed under clause (87) of
section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017

45. Compliance with approved Scheme(s) of Arrangements: - No Scheme of Arrangements has been approved by the Competent
Authority in terms of sections 230 to 237 of the Companies Act, 2013

46. Utilisation of Borrowed funds and share premium: The Company has used the borrowed funds and share premium rose for the
specific purpose only.

47. Undisclosed income:- There are no transaction which are 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)

48. Corporate Social Responsibility (CSR):- Company hascomplied with the provisions of section 135 of the company''s act 2013

49. Details of Crypto Currency or Virtual Currency:- Company has not traded or invested in Crypto currency or Virtual Currency during
the financial year,

---

Mar 31, 2024

10. PROVISIONS, CONTINGENT LIABILITY & CONTINGENT ASSETS

(A) Provisions involving substantial degree of estimation in measurement, are recognized when the present obligation of or past events gives rise to a probable outflow embodying economic benefits on settlement and the amount of obligation can be reliably estimated.

(B) Contingent liabilities are disclosed after a careful evaluation of facts and legal aspects of the matter involved.

(C) Contingent assets are neither recognized nor disclosed in financial statements.

(D) Provisions and contingent liabilities are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

11. PRELIMINARY EXPENSES

Preliminary Expenses are written off over a period of 5 years in equal proportion from the date of commencement of commercial activity.

12. EVENTS OCCURRING AFTER BALANCE SHEET DATE

No significant events which could affect the financial position as on 31.03.2024 to a material extent have been reported by the Assesse, after the balance sheet date till the signing of report.

13. PRIOR PERIOD AND EXTRAORDINARY ITEMS

There are no material changes or credits which arise in the current period on accounts of errors and omission in the preparation of the financial statements for the one or more period.

14. BORROWING COST

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. All other cost is recognized as expenses in the year in which they are incurred.

15. EMPLOYEE BENEFIT EXPENSES

A) Defined Contribution Plan: The Company makes defined contribution to provided fund which are accounted on accrual basis.

B) Defined Benefit Plan: The company’s Liability on account of Gratuity of employee is determine at the end of each financial year on the basis of actuarial valuation certificate obtained from Registered Actuary in accordance with the measurement procedure as per revised accounting standard (AS) - 15 "Employee Benefit". The liability is funded on year to year basis by contribution to respective fund. The cost of providing benefit under this plan also determine on the basis of actuarial valuation at each year end.

16. CASH FLOW STATEMENT

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

17. IMPAIRMENT OF FIXED ASSETS

Impairment of assets is being measured on factors giving rise to any indication of impairment, by comparing the recoverable amount, higher of value in use and net selling price of an asset, with carrying amount of an asset as per the Accounting Standard 28 "Impairment of Assets" issued by ICAI.

18. FOREIGN EXCHANGE TRANSACTION /TRANSLATION

A) Foreign currency transactions arising during the year are recorded at the exchange rates prevailing on the dates of transactions.

B) Any income or expense on account of exchange difference either on settlement or on translation is recognized in the Statement of Profit and Loss.

C) All foreign exchange assets/Liabilities on the closing day are converted at closing exchange rate.

D) Exchange loss on outstanding derivatives transaction are computed on mark to market basis on the closing date and

accounted for as expenses of period. However gain is not recognized as income of the period, following conservative approach.

19. CASH AND CASH EQUIVALENTS

Cash and Cash equivalents for the purpose of cash flow statement comprise cash at bank, Cash in hand, Cheque in hand and other permissible instruments as per AS 3.

20. SEGMENT REPORTING

The dominant source of income of the company is from the manufacturing of fabric of various qualities which do not materially differ in respect of risk perception and the return realized/to be realized. Even the geographical environment in which the company operates does not materially differ considering the political and economic environment, the type of customers, assets employed and the risk and return associated in respect of each of the geographical area. So, the disclosure requirements pursuant to AS17 -Segment Reporting issued by the ICAI are not applicable to the company

21. DISCLOSURES REQUIRED UNDER SECTION 22 OF THE MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT ACT, 2006

The figures have been disclosed on the basis of information received from suppliers who have registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) and/or based on the information available with the Company.

40. Details of Benami Property held: -Noproceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder

41. Where the Company has borrowings from banks or financial institutions on the basis of security of current Assets: - The company has borrowing from bank or financial institution on the basis of security of current assets and it is submitted that:-

1. Quarterly returns are submitted on timely basis.

2. Data provided in stock statement are as per best available quantities subject to physical verification. There is no material difference between stock statement submitted to bank and books of accounts, although minor difference can arise due to method of valuation, Physical verification, return of goods, shortage, wastage, ABC analysis of stock, Debit and credit notes and reconciliation of debtors and creditors.

42. Wilful Defaulter: - Company is not declared wilful defaulter by any bank or financial Institution or other lender during the year under consideration.

43. Relationship with Struck off Companies: - Company has not having any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

44. Registration of charges or satisfaction with Registrar of Companies: - No charge creation or satisfaction yet to be registered with Registrar of Companies beyond the statutory period for the current year.

45. Compliance with number of layers of companies: - Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017

46. Compliance with approved Scheme(s) of Arrangements: - No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013

47. Utilisation of Borrowed funds and share premium: The Company has used the borrowed funds and share premium rose for the specific purpose only.

48. Undisclosed income:- There are no transaction which are 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)

49. Corporate Social Responsibility (CSR):- Company has complied with the provisions of section 135 of the company''s act 2013

50. Details of Crypto Currency or Virtual Currency: - Company has not traded or invested in Crypto currency or Virtual Currency during the financial year,

---

Mar 31, 2023

PROVISIONS, CONTINGENT LIABILITY & CONTINGENT ASSETS

(A) Provisions involving substantial degree of estimation in measurement, are recognized when the present
obligation of or past events gives rise to a probable outflow embodying economic benefits on settlement and the
amount of obligation can be reliably estimated.

(B) Contingent liabilities are disclosed after a careful evaluation of facts and legal aspects of the matter involved.

(C) Contingent assets are neither recognized nor disclosed in financial statements.

(D) Provisions and contingent liabilities are reviewed at each balance sheet date and adjusted to reflect the current
best estimates.

*We have already completed the Export obligation but we are still awaiting redemption certificate from Govt.
Authorities.

11. PRELIMINARY EXPENSES

Preliminary Expenses are written off over a period of 5 years in equal proportion from the date of commencement
of commercial activity.

12. EVENTS OCCURRING AFTER BALANCE SHEET DATE

No significant events which could affect the financial position as on 31.03.2023 to a material extent have been
reported by the Assesse, after the balance sheet date till the signing of report.

13. PRIOR PERIOD AND EXTRAORDINARY ITEMS

There are no material changes or credits which arise in the current period on accounts of errors and omission in the
preparation of the financial statements for the one or more period.

14. BORROWING COST

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of
the cost of such assets. All other cost is recognized as expenses in the year in which they are incurred.

15. EMPLOYEE BENEFIT EXPENSES

A) Defined Contribution Plan: The Company makes defined contribution to provided fund which are accounted
on accrual basis.

B) Defined Benefit Plan: The company’s Liability on account of Gratuity of employee is determine at the
end of each financial year on the basis of actuarial valuation certificate obtained from Registered Actuary
in accordance with the measurement procedure as per revised accounting standard (AS) - 15 “Employee
Benefit”. The liability is funded on year to year basis by contribution to respective fund. The cost of providing
benefit under this plan also determine on the basis of actuarial valuation at each year end.

16. CASH FLOW STATEMENT

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions
of non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income
or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing
activities of the Company are segregated.

17. IMPAIRMENT OF FIXED ASSETS

Impairment of assets is being measured on factors giving rise to any indication of impairment, by comparing the
recoverable amount, higher of value in use and net selling price of an asset, with carrying amount of an asset as per
the Accounting Standard 28 “Impairment of Assets” issued by ICAI.

18. FOREIGN EXCHANGE TRANSACTION /TRANSLATION

A) Foreign currency transactions arising during the year are recorded at the exchange rates prevailing on the
dates of transactions.

B) Any income or expense on account of exchange difference either on settlement or on translation is recognized

in the Statement of Profit and Loss.

C) All foreign exchange assets/Liabilities on the closing day are converted at closing exchange rate.

D) Exchange loss on outstanding derivatives transaction are computed on mark to market basis on the closing
date and accounted for as expenses of period. However gain is not recognized as income of the period,
following conservative approach.

19. CASH AND CASH EQUIVALENTS

Cash and Cash equivalents for the purpose of cash flow statement comprise cash at bank, Cash in hand, Cheque in
hand and other permissible instruments as per AS 3.

20. SEGMENT REPORTING

The dominant source of income of the company is from the manufacturing of fabric of various qualities which do
not materially differ in respect of risk perception and the return realized/to be realized. Even the geographical
environment in which the company operates does not materially differ considering the political and economic
environment, the type of customers, assets employed and the risk and return associated in respect of each of the
geographical area. So, the disclosure requirements pursuant to AS17 -Segment Reporting issued by the ICAI are not
applicable to the company