I. Contingent Liabilities / Provisions:

The Company creates a provision when there is a present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. 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. When 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 liabilities are not provided in the accounts and are disclosed separately in notes to accounts.

Note 28. Loans Given, Investment Made and Guarantee given covered under sec. 186(4) of the Companies Act, 2013:

(i) The Company has not given any loans or guarantees other than shown in Financial statements.

(i) The Company has not made any Investments other than shown in Financial statements.

Note 29. Contingent Liabilities

a. Company has given Bank Guarantee of Rs. 580.00 Lakh to Cantonment Board, Kamptee, Napur, Maharashtra through Central Bank of India towards performance for execution of Development of Land in the Cantonment Area as on 24.11.2022. Company has submitted the Fixed Deposit for Security of said Bank Guarantee.

Note 31. General

31.1 In the opinion of the Management, current assets, loans and advances have a value on realization at least equal to the amount at which they are stated in the Books of Accounts and provision for all known liabilities has been made, except as mentioned otherwise.

Note 32. The figures of previous year have been regrouped / rearranged/reclassified wherever necessary to comparable to the classification of the current year.