Notes to Accounts of Taylormade Renewables Ltd.

Mar 31, 2025

xi Provisions, contingent liabilities and contingent assets
Provisions

A provision is recognised if, as a result of a past event, the Company has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of economic
benefits will be required to settle the obligation. If the effect of the time value of money is material,
provisions are determined by discounting the expected future cash flows at a pre-tax rate that
reflects current market assessments of the time value of money and the risks specific to the liability.
Where discounting is used, the increase in the provision due to the passage of time is recognized as
a finance cost.

Contingent Liability

A disclosure for a contingent liability is 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.

Contingent Assets

Contingent assets are not recognised in the financial statements. However, contingent assets are
assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the
asset and related income are recognised in the period in which the change occurs.

xii Earning per share

Basic earnings per share is computed by dividing the net profit for the period attributable to the equity
shareholders of the Company by the weighted average number of equity shares outstanding during
the period. The weighted average number of equity shares outstanding during the period and for all
periods presented is adjusted for events, such as bonus shares, other than the conversion of potential
equity shares that have changed the number of equity shares outstanding, without a corresponding
change in resources.

For the purpose of calculating diluted earnings per share, the net profit for the period attributable to
equity shareholders and the weighted average number of shares outstanding during the period is
adjusted for the effects of all dilutive potential equity shares.

xiii Security Deposits

Security deposits assets are the moneys hold by the debtors for the performance gurantee as the
same are part of the amount receivable from debtors only, they have been shown as book value only

and not at fair value. Similarly in case of security deposit liability company has hold the amount for
performance gurantee and the same being part of the amount payable to creditors only the same have
been booked at book value only.

1.4 As the IND AS has been implemented for the first time, it''s crucial to acknowledge the role of
management judgement and assumptions in this transition. The initial assumption and calculation
has always an opportunity to enhance the understanding of the business case assumptions, refine
the calculations and gradually improve the accuracy of presentation.

Additional Regulatory Information:

I Title deeds of Immovable Properties held in name of the company

There are no instance of immovable property in which the immovable property is jointly held with others.

II The Company has not revalued it''s Property, Plant and Equipment during the year ended on 31st March
2025.

III The company has not granted Loans and Advances in the nature of loans to promoters, Directors, KMPs
and the related parties either severally or jointly with any other person that are repayable on demand or
without specifying any terms or period of employment.

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

V The Company has not been declared as a willful defaulter by any lender who has powers to declare a
company as a willful defaulter at any time during the financial year or after the end of reporting period
but before the date when the financial statements are approved.

VI The Company does not have any transactions with struck-off companies.

VII The Company does not have any charges or satisfaction which is yet to be registered with the Registrar
of Companies (ROC) beyond the statutory period.

VIII The Company has compiled with the number of layers prescribed under clause (87) of section 2 of the
Companies Act 2013 read with Companies (Restrictions on number of Layers) Rules, 2017.

IX The company has not advanced or loaned or invested funds to any other person(s) or entity(is), including
foreign Entities (interrnedlarles), with the understanding that the intermediary shall;

a) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever
by or on behalf of the Company (Ultimate Beneficiaries), or

b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

X The Company has not received any funds from any person(s) or entity(ies), including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company
shall;

a) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever
by or on behalf of the Funding Party (Ultimate beneficiaries), or

b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

XI The Company does not have any transactions which is not recorded in the books of accounts but 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).

XIV There are no foreign exchange earnings and outgo during the year.

XV The information as required to be disclosed pursuant under the Micro, Small and Medium Enterprises
Development Act, 2006 (MSMED Act, 2006) has been determined to the extent such parties have
been identified based on the information available with the Company. Therefore, We are not in any
position to determine any interest liability arising under the said Act and accordingly disclosure under
section 22 of the said Act is not made.

For MAAK and Associates For and on behalf of the Board

Firm Registration No. :135024W TAYLORMADE RENEWABLES LIMITED

Chartered Accountants

CA Marmik shah Dharmendra S Gor Jayesh N Shah

Partner Managing Director Executive Director

Membership No.: 133926 DIN: 00466349 DIN: 00482789

Samir S Patel Vaidehi Bang

Date: 27/05/2025 Chief Financial Officer Company secretary & Compliance

Place: Ahmedabad Officer

UDIN: 25133926BMJGYG7943 M.No.: A73835

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Mar 31, 2023

Note:-TAXES ON INCOME

(a) Current tax is determined on the basis of the amount of tax payable on taxable income for the year.

(b) In accordance with Accounting Standard 22 - "Accounting for Taxes on Income", issued by the institute of Chartered Accountants of India, amount of the deferred tax for timing differences between the book and tax profits for the year is accounted for using the tax rates and laws that have been enacted or substantively enacted as of the balance sheet date.

Deferred tax assets arising from temporary timing differences are recognized to the extent there is reasonable certaintythat the assets can be realized in future.

31. Previous year figures has been regrouped wherever necessary.

32. Figures have been rounded off to nearest Lakhs.

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

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

35. Relationship with Struck off Companies: Not Applicable

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

37. Details of Benami Property held : No proceedings have been initiated during the year or are pending against the Company as at March 31, 2023 for holding any Benami Property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.

38 Capital WIP : Not Applicable

39. Intangible assets under development: Not Applicable