15. CONTINGENT LIABILITIES AND PROVISIONS

A provision is recognized when the Company has a present obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on the best estimate required to settle the obligation at the Balance Sheet date.

A disclosure of 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.

Contingent Assets are neither recognized nor disclosed in the financial statements.

16. ACCOUNTING FOR OPERATING LEASE:

The Company has various operating leases for premises; the leases are renewable on fixed periodic basis and are cancellable in nature after lock in period.

17. EARNINGS PER SHARE:

In determining the Earnings Per share, the company considers the net profit after tax which does not include any post tax effect of any extraordinary / exceptional item. The number of shares used in computing basic earnings per share is the weighted average number of shares outstanding during the period.

18. CASH FLOW:

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. Cash flows from operating, investing and financing activities of the Company are segregated, accordingly.

d) The Company has issued 659 Right Shares on Dated 25.09.2023 of Rs. 10 each with Premium 6742.38 during the FY 2023-24.

e) The Company has issued 6395400 Bonus Shares on Dated 17.11.2023 of Rs. 10 each during the FY 2023-24.

f) The Company has issued 2,310,000 Shares Of Rs.10 each with Premiun 60 each on Dated 21.03.2024 in FY 2023-24

g) The Company has not forfeited any Share(s) since inception.

h) The Company has not buy back any Share(s) during the last five Financial Years.

L) The Company has increased authorised share capital from Rs. 5,00,000 to Rs. 11,00,00,000 vide resolution dated 18th August, 2023 in the Extra Ordinary General Meeting of the Company.

j) Terms attached to equity shares

- The rights, powers and preference relating to each class of Share and the qualifications limitations and restrictions thereof are contained in the Memorandum and Articles of Association of the Company.

- The company has only one class of Equity Shares having a par value of Rs.10 per shares. Each holder of equity shares is entitled to one vote per share. Any shareholder whose name is entered in the Register of Members of the company shall enjoy the same rights and be subject to the same liabilities as all other shareholders of the same class.

Note No.32: Segment Reporting

Based on guiding principle given in Accounting Standard 17 'Segment reporting, Issued by the Institute of Chartered Accountants of India:

a) Primary Segment (Business Segment):

Company is engaged in the business of Business Process Management Services including Customer interaction Management. The entire operations are governed by the same set of risk and returns. Hence, the same has been considered as representing a single Business Segment.

b) Secondary Segment (Geographical Segments)

During the both reporting periods, Current and previous year, the Company's all Service locations are located only in India.

Note No.33: Disclosure of Micro, Small and Medium Enterprises

The Ministry of Micro, Small and Medium Enterprises has issued an office memorandum dated 26th August, 2008 which recommends that the Micro and Small Enterprises should mention in their correspondence with its customers entrepreneurs Memorandum number as allocated after filing the Memorandum in accordance with 'Micro, Small and Medium Enterprises development Act, 2006' ('The Act'). Accordingly, the disclosure in respect of the amount payable to such enterprises has been made in the financial statements based on in formation received and available with the company. In the view of the management, the impact of interest, if any, that may be payable in accordance with the provisions of that Act is not expected to be material. The Company has not received any claim for interest from any supplier as at the Balance Sheet date.

Note No.34: Fixed Deposits

The value of Fixed Deposits with Banks are represents the aggregate of principal amount only, under the head of Cash and Bank Balances, and accrued interest thereon upto 31.03.2024 is disclosed under other current assets.

Note No.35: Trade Receivable

Sundry Debtors, Creditors and others are subject to confirmation. The effect of the same, if any which are not likely to be material, will be adjusted at the time of confirmation.

Note No.36: Current borrowings secured against current assets

Quartey returns or statements of drawing power filed by the company with banks are materially in agreement with the books of account.

Note No.38: Corporate Social Responsibility

Pursuant to section 135 of the Companies Act, 2013, CSR is applicable to every company having net worth of Rs 500 crore or more, or a turnover of over Rs 1,000 crore or a net profit exceeding Rs 5 crore in preceeding financial year. Since the Company has not exceeded the limit of net profit as specified above, provisions of Section 135 of the Companies Act, 2013 is not applicable to the Company.

Note No.39: Additional Regulatory Information

a) Funds borrowed from banks have been utilized for the same purpose for which they were raised during the year.

b) During the year, the company has not revalued its Property, Plant and Equipment's.

c) During the year, no proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made there under.

d) During the year, the company has not been declared willful defaulter by any bank or financial institution or any other lender.

e) There is no charges or satisfaction yet to be registered with ROC beyond the statutory period.

f) The company has not any subsidiary hence 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 is not applicable.

g) The Company does not have any Scheme of Arrangements, which has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

h) During the year, the company has not traded, invest or perform any transaction in crypto or other virtual currency.

i) During the year, Company does not have any transaction or balance with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956:

j) The company has not provided any material advanced or loan to any person, other than suppliers. Further the Company has not made any investment in other company's equity.

k) The Company has not provided any Guarantee to any person on behalf of other person, which requires disclosure under section 186.

Note No.40 : Others

(i) Other additional information pursuant to Schedule III to the Companies Act 2013 are either nil or not applicable.

(ii) The Previous year's figures have been reclassified /re-grouped and / or rearranged wherever considered necessary.

(iii) Figures have been rounded off to the nearest lakh and two decimal thereof.

The accompanying notes form an integral part of the financial statements.

As per our report of even date attached For and on behalf of the Board of

Enser Communications Limited

For Mukeshkumar Jain & Co.

Chartered Accountants Sd/- Sd/-

Firm Reg. No. 0106619W Rajnish Omprakash Sarna Harihara Subramanian Iyer

Managing Director Whole Time Director

DIN:02093291 DIN:02093133

Sd/- Sd/- Sd/-

CA Rochak Gupta Dimple Thakur Muskan

Partner Chief Financial Officer Company Secretary

M. No. 449691 PAN: AYPPT8901Q PAN : CHIPM3008H

UDIN:- 24449691BKFCZA6440

Place: Gurugram Date: 27th May, 2024