Notes to Accounts of Vision Infra Equipment Solutions Ltd.

Mar 31, 2025

11 Provisions and Contingent Liabilities

A provision is recognized if, as a result of a past
event, the Company has a present legal obligation
that is reasonably estimable, 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 likely future 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.

12 Cash and Cash Equivalents

Cash and cash equivalents comprise cash and
cash on deposit with banks. The Company
considers all highly liquid investments with
a remaining maturity at the date of purchase
of three months or less and that are readily
convertible to known amounts of cash to be cash
equivalents.

13 Investments

Current Investments: Investments that are held
with the intention of being disposed of within
twelve months from the date of acquisition.
These investments will be measured at the lower
of cost and fair value. Changes in fair value will
be recognized in the income statement.

Non-Current Investments: Investments that
are not classified as current investments. Non¬
current investments will be measured at cost
and will be subject to impairment testing. Any
impairment loss will be recognized in the income
statement.

a) On initial recognition, all investments are
measured at cost. The cost comprises
purchase price and directly attributable
acquisition charges such as brokerage, fees
and duties

b) Subsequent Measurement:

i. Current Investments: Current

investments will be measured at the
lower of cost and fair value at each
reporting date. Any changes in fair
value will be recognized in the income
statement as gains or losses.

ii. Non-Current Investments: Non-current
investments will be measured at cost

less any impairment loss recognized in
the income statement.

14 Contingencies and events occurring after the
Balance Sheet date

Events that occur between balance sheet date and
date on which these are approved, might suggest
the requirement for an adjustment(s) to the assets
and the liabilities as at balance sheet date or might
need disclosure. Adjustments are required to
assets and liabilities for events which occur after
balance sheet date which offer added information
substantially affecting the determination of the
amounts which relates to the conditions that
existed at balance sheet date.

15 Related Party Transactions

Related parties as defined under Accounting
Standard - 18 ‘Related Party Disclosures’ have
been identified based on representations made
by management and information available with
the Company. AIL transactions with related
parties are in the ordinary course of business
and on arms’ Length basis.

16 Segment Reporting

The Company is having revenue; from its
Business which are Trading and Refurbishment
of Construction Equipment and RentaL of
Construction Equipment, AccordingLy, as per
AS-17 Segment Reporting, the company has
identified business segment

The Company is having revenue; from its
Business which are Trading and Refurbishment
of Construction Equipment and RentaL of
Construction Equipment; of more than 10% of its
totaL revenue.

Accordingly, as per AS-17 Segment Reporting, the
company has identified business segment as its
reportable segment. The divisions are the basis on
which the company reports its primary segment
information. Financial information about business
segments is presented in the below table:

17 Employee Benefits

Defined-contribution plans:

All short-term employee benefits are accounted
on undiscounted basis during the accounting
period based on services rendered by
employees.

The Company’s contribution to Provident Fund is
determined based on a fixed percentage of the
eligible employees’ salary and charged to the
Statement of Profit and Loss on accrual basis.

The Company has made provision for payment of
Gratuity to its employees. This Provision is made
as per the method prescribed under the Payment
of Gratuity Act. The cost of providing gratuity
under this plan is determined on the basis of
actuarial valuation at year/period end. The
Company has adopted the Accounting Standard
15 (revised 2005) on Employee Benefits during
the financials period.

18 Extraordinary items, Exceptional items, Prior
period items & changes in accounting policies

a) Income or expenses that arise from events
or transactions that are clearly distinct from
the ordinary activities of the Company are
classified as extraordinary items. Specific
disclosure of such events/transactions is
made in the financial statements.

Similarly, any external event beyond the
control of the Company, significantly

impacting income or expense, is also treated
as extraordinary item and disclosed as such.

b) On certain occasions, the size, type or
incidence of an item of income or expense,
pertaining to the ordinary activities of
the Company, is such that its disclosure
improves an understanding of the
performance of the Company. Such income
or expense is classified as an exceptional
item and accordingly disclosed in the notes
to accounts.

Note:

The company has been formed by conversion of a partnership firm i.e. “M/s Vision Infra” (referred as erstwhile partnership firm), under the provisions
of Companies Act, 2013. The Firm was converted to a public limited company with effect from 12th January, 2024.Accordingly, the Statement of Profit
and Loss for the period ended 31st March, 2024 reflects the income and expenses pertaining only to the period from 12th January, 2024 to 31st March,
2024, i.e., post-conversion.

34. ADDITIONAL REGULATORY INFORMATION

Details of Benami Property held

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

Details of Loans and advances

The company has not granted any loans and advances to promoters, directors, key managerial personnel (KMPs) and the
related parties which are repayable on demand or without specifying any terms or period of repayment.

Wilful Defaulter

The company has not been declared as a wilful Defaulter by any Financial Institution or bank as at the date of Balance Sheet.
Relationship with Struck off Companies

The Company do not have any transactions with companies struck off.

Registration of charges or satisfaction with Registrar of Companies (ROC)

The company has registered all charges created and satisfied with the Registrar of Companies (ROC)

Compliance with number of layers of companies

The company has complied with the provision of the number of layers prescribed under clause (87) of section 2 of the Act read
with the Companies (Restriction on number of Layers) Rules, 2017.

Compliance with approved Scheme(s) of Arrangements

There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the
Companies Act, 2013.

Discrepancy in utilization of borrowings

The company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at
the balance sheet date. There are no discrepancy in utilisation of borrowings.

Utilisation of Borrowed funds and share premium:

(A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other
sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries).

(B) the company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party).

The company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (intermediaries) 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;

The Company have not received any fund 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 on behalf of the ultimate Beneficiaries.

35. ADDITIONAL INFORMATION

Undisclosed income

The Company has no transaction that is 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).

Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto currency or Virtual Currency.

Other Notes

1 No dividend was declared and paid during the FY 24-25.

2 The company has not revalued any Property, Plant & Equipments.

3 The company is under implementation of Accouting ERP software during FY25, which is classified under intangible assets
under development.

4 Some of the trade receivables and trade payables balances are subject to confirmation.

5 There are no direct personal expenses debited to the profit and loss account. However, personal expenditure if included
in expenses like telephone, vehicle expenses, etc are not identifiable or separable.

6 During the financial year - 2024-25, company has no extra ordinary items to be disclosed in accordance with the
requirements of AS-5.

As per our report of even date

For A D V & Associates For and on behalf of

Chartered Accountant Vision Infra Equipment Solutions Limited

FRN: 128045W

Pratik Kabra Sachin Vinod Gandhi Chetan Vinod Gandhi Nilesh Pokharna Dipali Rakesh Shah

Partner Managing Director WTD CFO Company Secretary

M.No. 611401 DIN : 09857165 DIN :09857164 M. No. A39027

UDIN: 25611401BMHWOH5065

Date: 17^th May, 2025 Date: 17^th May, 2025

Place: Mumbai Place: Pune

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Mar 31, 2024

i. The Company has only one class of equity share having a i«u value of Rs. 10/-per share as at 31st March 2024. li. Each holder of equity shares is entitled to one vote per share,

iii. In the event of liquidation of the C ompany, the holders of equity shares shall be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts The amount distributed will be in proportion to the number of equity shares held by the shareholders.’

iv. The Company have been formed pursuant to the conversion of the erstwhile Partnership Firm into the company, purusant to which 1,73,00 000

were issued to the existing partners of the Partnership Firm on 12st January, 2024.

Note i 30 Contingent Liabilities	(? In Lakhs)
Particulars	As at March 31, 2024
Bank Guarantee in respect of Work Contract	79 25
In Respect of TDS	1 13
In Respect of GST	116.59
In Respect of Income Tax	49 73
TOTAL	246.71

I As this is the first year of incorporation, analytical ratios from previous years are not applicable. Consequently, variances cannot be calculated

2. In the Debt Equity Ratio, Closing Shareholder''s Equity has been considered since this is first year of incoporation

3. In the Debt Service Ratio, Debt Sendee, which comprises interest and scheduled principal repayments of long-term borrowings, has been calculated from the date of incorporation up to the period ending on March 31,2024

4 In Return on Equity Ratio, Closing Shareholder''s Equity has been considered since this is first year of incoporation

5 In inventory Turnover Ratio, Stock Transfer on Conversion of LLP to Company and Closing Inventories has been considered while calulating Average Inventories

6, In Trade Receivable Turnover Ratio, Closing Trade Receivable has been considered. Due to seasonal nature of business of the company, Trade Receivables are high at the year end

7 In Tiade Payable Turnover Ratio, Closing Trade Payable has been considered

8 In Return on Capital Employed, Closing Balance of Equity Shareholders Fund amd Long & Short Term Debts has been considered

Details of Benami Property Held

The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami properly

Wilful Defaulter

The company has not been declared as a wilful Defaulter by any Financial Institution or bank as at the date of Balance Sheet Relationship with Struck off Companies

The Company do not have any transactions with companies struck off.

Registration of charges or satisfaction with Registrar of Companies (ROC)

Since the partnership "M/s Vision Infra” has been converted into a ¹¹ Vision Infra Equipment Solutions Limited" company, the existing loan is still pending the creation of a charge

Compliance with number of layers of companies

The company has complied with the provision of the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017

Compliance with approved Schemc(s) of Arrangements

There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 Discrepancy in utilization of borrowings

The company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date There are no discrepancy in utilisation of borrowings.

Utilisation of Borrowed funds and share premium:

(A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person!s) or entity!ies). including foreign entities (Intermediaries),

(B) the company has not leceived any fund from any person(s) or enlity(ies), including foreign entities (Funding Party).

The company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (intermediaries) 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;

The Company have not received any fluid 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 on behalf of the Ultimate Beneficiaries

yotc-JS Additional tnfnrnwtion:____

Undisclosed income

The Company has no transaction that is 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),

Details of Crypto Currency or Virtual Currency

The company has not traded or invested in Crypto currency or Virtual Currency