2.11 Provisions, contingent liability and contingent asset

Provisions are recognised when the Company has a present obligation (legal or
constructive) as a result of a past event, it is probable that the Company will be required
to settle the obligation, and a reliable estimate can be made of the amount of the
obligation.

The amount recognised as a provision is the best estimate of the consideration required to
settle the present obligation at the end of the reporting period, taking into account the
risks and uncertainties surrounding the obligation. When a provision is measured
using the cash flows estimated to settle the present obligation, its carrying amount is
the present value of those cash flows (when the effect of the time value of money is
material).

Contingent assets are disclosed in the financial statements by way of notes to accounts
when an inflow of economic benefits is probable.

Contingent liabilities are disclosed in the financial statements by way of notes to
accounts, unless possibility of an outflow of resources embodying economic benefit
is remote.

2.12 Financial instruments

Financial assets and financial liabilities are recognised when Company becomes a
party to the contractual provisions ofthe instruments.

Financial assets and financial liabilities are initially measured at fair value.
Transaction costs that are directly attributable to the acquisition or issue of financial
assets and financial liabilities (other than financial assets and financial liabilities at fair
value through profit or loss) are added to or deducted from the fair value of the
financial assets or financial liabilities, as appropriate, on initial recognition.
Transaction costs directly attributable to the acquisition of financial assets or financial
liabilities at fair value through profit or loss are recognised immediately in the
Statement of Profit and Loss.

2.12.1. Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are
readily convertible into known amounts of cash that are subject to an insignificant
risk of change in value and having original maturities of three months or less from
the date of purchase, to be cash equivalents. Cash and cash equivalents consist of
balances with banks which are unrestricted for withdrawal and usage.

2.13 Earnings per share

Basic earnings per share are computed by dividing the profit after tax by the
weighted average number of equity shares outstanding during the year. Diluted
earnings per share is computed by dividing the profit after tax as adjusted for
dividend, interest and other charges to expense or income (net of any attributable
taxes) relating to the dilutive potential equity shares by the weighted average number
of equity shares considered for deriving basic earnings per share and also the
weighted average number of equity shares that could have been issued upon
conversion of all dilutive potential equity shares.

2.14 Operating cycle

The Company has determined its operating cycle as 12 months for the purpose of
classification of its assets and liabilities as current and non-current.

2.15 Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit for the year is
adjusted for the effects of transactions of a 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. The cash flows are
segregated into operating, investing and financing activities.

(A Brand of Pr Lalchandani Lain limited)

y* ^ "rv* • I 1 Cwtdicili No ' MC-2471 _ _.. — _ ..

2.16 Dividends

The company has not declared any dividend for the financial year 2024-2025.

2.17 Use of estimates and judgements

The preparation of financial statements in conformity with AS requires
management to make judgements, estimates and assumptions that affect the
application of accounting policies and the reported amount of assets, liabilities,
income, expenses and disclosures of contingent assets and liabilities at the date of these
financial statements and the reported amount of revenues and expenses for the years
presented. Actual results may differ from the estimates.

Estimates and underlying assumptions are reviewed at each balance sheet date.

Revisions to accounting estimates are recognised in the period in which the estimates
are revised and future periods affected.

2.18 Loans availed

During the year under consideration, the company has not availed any new term loan
on the security of current assets and immovable property of the company. The
company has only availed few business loans for day to day business operations
secured by way of personal guarantees of the promoter directors.

2.19 Related Party Disclosures

I. Names of related parties and related party relationship

• Dr. Arjan Lalchandani (Managing Director of the Company)

• Mr. Mohit Lalchandani (Whole-time Director
and CEO of the Company)

• Mrs. Anchal Gupta (Executive Director/ CFO
of the Company)

a. Entities in which key managerial personnel can exercise significant influence

1 CPC Blood Bank

b. Key Managerial Personnel

1 Dr Arjan Lalchandani - Chairman and Managing Director

2 Mr. Mohit Lalchandani - Whole time Director / CEO

3 Mrs. Anchal Gupta- Executive Director / CFO

c. Relatives of Key Managerial Personnel

Ms. Manica Gupta - Non Executive Director (Sister of Anchal Gupta)