15. CONTINGENT LIABILITIES AND PROVISIONS

The Company creates a provision when there is 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.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate.

If it is no longer probable that an outflow of resources would be required to settle the obligation, the
provision is reversed.

Contingent assets are not recognized 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 recognized in the period in which the change occurs.

Loss contingencies arising from claims, litigation, assessment, fines, penalties, etc. are recorded when
it is probable that a liability has been incurred and the amount can be reasonably estimated.

16. EARNINGS PER SHARE:

Basic earnings per share are computed by dividing the net profit for the year attributable to the equity
shareholders by the weighted average number of equity shares outstanding during the year. Diluted
earnings per share is computed by dividing the net profit attributable to the equity shareholders for the
year by the weighted average number of equity and dilutive equity equivalent shares outstanding during
the year, except where the results would be anti-dilutive.

17. 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.

2.2) Terms/Rights attached to equity shares:

The company has only one class of equity shares having par value of ' 10/- per share. Each
holder of equity shares is entitled to one vote per share. In the event of liquidation of the company,
the holders of equity shares will be entitled to receive remaining assets of the company, after
distribution of all preferential amounts. The distribution will be in proportion to the number of
equity shares held.

Note 27:

During the year ended 31st March 2025, the company had issued 13.40 Lakhs equity shares by way of
public issue at a price of Rs 150 per equity share, the total amount of public issue was Rs 2010 Lakhs,
Sebi has passed an interim order dated 14th May 2025 (order no. WTM/AB/CFD/SEC- 4/31401/2025-26)
raising certain prima facie observation on utilisation of issue proceeds however, The Company has denied
the allegation made in interim order wide letter dated 03/06/2025 to Securities and Exchange Board of India
(SEBI). The Company seeking further legal recourse for the same.

Note 28:

The Company has not paid Undisputed income tax for the Financial Year ended on 31st March, 2024
amounting to Rs 114.19 Lakhs.

Note 29:

The figures of earlier year are regrouped arranged wherever necessary to make them comparable with that
of current Year.

Note 30:

Notes referred to above form part of the accounts as per our report of even date attached.

For and on behalf of the Board of Directors of
For Hiren Buch Associates For Varyaa Creations Limited

Chartered Accountants
FRN. 116131W

Hiren Buch Pooja Naheta Sarika Naheta

Partner Managing Director Director and CFO

Membership No. : 045767 DIN: 03548285 DIN: 03515120

UDIN: 25045767BMKNYQ7213

Place: Mumbai Akshita Agarwal

Date: 28/06/2025 Company Secretary