Notes to Accounts of Visaman Global Sales Ltd.

Mar 31, 2025

A provision is recognized if, as a result of a past event, the Company has a
present legal obligation that can be estimated reliably, and it is probable that an
outflow of economic benefits will be required to settle the obligation. Provisions
are determined by the best estimate of the outflow of economic benefits required
to settle the obligation at the reporting date. Where no reliable estimate can be
made, a disclosure is made as Contingent Liability.

A disclosure for a Contingent Liability is also 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.

Possible obligation that arises from the past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain future
events beyond the control of the Company or a present obligation that is not
recognized because it is not probable that an outflow of resources will be
required to settle the obligation is reported as Contingent Liability. In the rare
cases, when a liability cannot be measures reliable, it is classified as Contingent
Liability. The Company does not recognize a Contingent Liability but disclosed
its existence in the standalone financial statements.

t) Event after Reporting Date:-

Where events occurring after the Balance Sheet date provide evidence of
condition that existed at the end of reporting period, the impact of such events is
adjusted within the standalone financial statements. Otherwise, events after the
Balance Sheet date of material size or nature are only disclosed.

All the events occurring after the Balance Sheet date up to the date of the
approval of the standalone financial statement of the Company by the board of
directors on 31.03.2025 have been considered, disclosed and adjusted, wherever
applicable, as per the requirement of Accounting Standards.

Note: Since there is no Subsidiary of reporting entity so AS - 21, 23, & 27 is not

applicable.

For D.K.KALYANI & ASSOCIATES

For and on behalf of the Board (Chartered Accountants)

Visaman Global Sales Limited

S/d

MITULKUMAR S.VASA
(Managing Director & Chairman)

S/d...............

CA Dipesh K Kalyani
M. No.124173

_S/d UDIN: 25124173BMHVTY5951

S/d _cw

^S/d............ Place: Rajkot

ANKITA ANIL JAIN BRIJESH KULAR Date : 29/05/2025

(Company Secretary & Compliance Officer) (Wholetime Director & CFO)

PAN: AHPPJ0561R ¹ DIN: 09648254

Place: RAJKOT
Date : 29/05/2025

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Mar 31, 2024

s) Provisions Contingent liabilities and contingent assets:-

A provision is recognized if, as a result of a past event, the Company has a present legal obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by the best estimate of the outflow of economic benefits required to settle the obligation at the reporting date. Where no reliable estimate can be made, a disclosure is made as Contingent Liability.

A disclosure for a Contingent Liability is also 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.

Possible obligation that arises from the past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation is reported as Contingent Liability. In the rare cases, when a liability cannot be measures reliable, it is classified as Contingent Liability. The Company does not recognize a Contingent Liability but disclosed its existence in the standalone financial statements.

t) Event after Reporting Date:-

Where events occurring after the Balance Sheet date provide evidence of condition that existed at the end of reporting period, the impact of such events is adjusted within the standalone financial statements. Otherwise, events after the Balance Sheet date of material size or nature are only disclosed.

All the events occurring after the Balance Sheet date up to the date of the approval of the standalone financial statement of the Company by the board of directors on 31.03.2024 have been considered, disclosed and adjusted, wherever applicable, as per the requirement of Accounting Standards.

Note: Since there is no Subsidiary of reporting entity so AS - 21, 23, & 27 is not applicable.

For and on behalf of the Board For D.K.KALYANI & ASSOCIATES

(Chartered Accountants)

.......................... Firm''s Regn. No. 133089W

ANKITA ANIL JAIN

(Company Secretary & Compliance Officer)

PAN: AHPPJ0561R

MITULKUMAR S. VASA BRIJESH KULAR CA DIPESH KALYANI

DIRECTOR (CFO) M. No. 124173

DIN: 07789750 DIN: 09648254

UDIN: 24124173BKABMH7850

Place : RAJKOT Place : RAJKOT

Date : 20/07/2024 Date : 20/07/2024