2.9 Provisions, Contingent liabilities, Contingent assets and Commitments: General

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past
event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation
and a reliable estimate can be made of the amount of the obligation. Provisions are determined based on management
estimates required to settle the obligation at the balance sheet date, supplemented by experience of similar transactions.
These are reviewed at the balance sheet date and adjusted to reflect the current management estimates.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which
will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within
the control of the Company or a present obligation that arises from past events where it is either not probable that
an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made, is termed as a
contingent liability.

Contingent assets are neither recognised nor disclosed.

2.10 Earnings per share

Basic earnings per share are calculated by dividing the net profit for the period attributable to equity shareholders by
the weighted average number of equity shares outstanding during the period. No instruments have been issued by the
company or are outstanding on the end of the reporting period that has the potential to dilute the EPS.

2.11 Trade Receivables

Trade receivables are amounts due from customers for services performed in the ordinary course of business. Trade
receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant
financing components, when they are recognised at fair value. The Company holds the trade receivables with the
objective to collect the contractual cash flows and therefore measures them subsequently at amortised cost using the
effective interest method, less loss allowance.

2.12 Employee benefits - Short-term employee benefits

Short term employee benefits include salaries and short-term cash bonus. A liability is under short-term cash bonus
or target-based incentives if the Company has a present legal or constructive obligation to pay this amount as a result
of past service provided by the employee, and the obligation can be estimated reliably. These costs are recognised as
an expense in the Statement of Profit and Loss at the undiscounted amount expected to be paid over the period of
services rendered by the employees to the Company.

2.13 Borrowing costs

Borrowing costs include interest expense as per the effective interest rate (EIR) and other costs incurred by the Company
in connection with the borrowing of funds. Borrowing costs are recognized as an expense in the year in which they
are incurred. The difference between the discounted amount mobilized and redemption value of commercial papers is
recognized in the statement of profit and loss over the life of the instrument using the EIR.

2.14 Income tax

The income tax expense comprises current and deferred tax incurred by the Company. Income tax expense is recognised
in the income statement except to the extent that it relates to items recognised directly in equity or OCI, in which case
the tax effect is recognised in equity or OCI. Income tax payable on profits is based on the applicable tax laws in each
tax jurisdiction and is recognised as an expense in the period in which profit arises.

Current tax is the expected tax payable/receivable on the taxable income or loss for the period, using tax rates enacted
for the reporting period and any adjustment to tax payable/receivable in respect of previous years. Current tax assets
and liabilities are offset only if, the Company has a legally enforceable right to set off the recognised amounts; and
intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities
for financial reporting purpose and the amounts for tax purposes. The measurement of deferred tax reflects the tax
consequences that would follow from the manner in which the Company expects, at the reporting date, to recover or
settle the carrying amount of its assets and liabilities.

Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are
recognised, for all deductible temporary differences, to the extent it is probable that future taxable profits will be
available against which deductible temporary differences can be utilised.

Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they
reverse, based on the laws that have been enacted or substantively enacted by the reporting date.

Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable
that the related tax benefit will be realized, such reductions are reversed when the probability of future taxable profits
improves.

The tax effects of income tax losses, available for carry forward, are recognised as deferred tax asset, when it is
probable that future taxable profits will be available against which these losses can be set-off. Unrecognised deferred
tax assets are re-assessed at each reporting date and are recognised to the extent that it has become probable that
future taxable profits will allow the deferred tax asset to be recovered.

2.15 Assets held for sale

Non-current assets or disposal groups are classified as held for sale when their carrying amounts are expected to be
recovered principally through a sale transaction rather than through continuing use. Such assets are measured at the
lower of carrying amount and fair value less costs to sell. Depreciation on these assets ceases upon classification as
held for sale.

Note- 2.16 Critical and significant accounting judgements, estimates and assumptions
Critical estimates and judgements

The following are the critical judgements, apart from those involving estimations that the management have made in
the process of applying the Company's accounting policies and that have the most significant effect on the amounts
recognized in the financial statements. Actual results may differ from these estimates.

These estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting estimates
in the period in which the estimate is revised if their vision affects only that period, or in the period of the revision and
future periods if the revision affects both current and future periods.

(a) Useful lives of property, plant and equipment and intangible assets

Management reviews the useful lives of depreciable assets at each reporting. As at March 31,2025 management
assessed that the useful lives represent the expected utility of the assets to the Company. Further, there is no
significant change in the useful lives as compared to previous year.

(b) Recognition and measurement of provision and contingencies

The recognition and measurement of other provisions are based on the assessment of the probability of an
outflow of resources, and on past experience and circumstances known at the reporting date. The actual outflow
of resources at a future date may therefore, vary from the amount included in other provisions.

(c) Recognition of deferred tax assets / liabilities:

Deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between
the carrying values of assets and liabilities and their respective tax bases. Deferred tax assets are recognized to
the extent that it is probable that future taxable income will be available against which the deductible temporary
differences could be utilized.

Significant accounting judgements, estimates and assumptions

The preparation of the company's financial statements requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying
disclosures, and the disclosure of contingent liabilities. Uncertainty about these assumptions and estimates could
result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future
periods.

Judgements

In the process of applying the company's accounting policies, management has made the following judgements, which
have the most significant effect on the amounts recognised in the standalone financial statements.

Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that
have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year, are described below. The company based on its assumptions and estimates on parameters available
when the financial statements were prepared. Existing circumstances and assumptions about future developments,
however, may change due to market changes or circumstances arising that are beyond the control of the company.
Such changes are reflected in the assumptions when they occur.

Provision and contingent liability

On an ongoing basis, Company reviews pending cases, claims by third parties and other contingencies. For contingent
losses that are considered probable, an estimated loss is recorded as an accrual in financial statements. Loss
Contingencies that are considered possible are not provided for but disclosed as Contingent liabilities in the financial
statements. Contingencies the likelihood of which is remote are not disclosed in the financial statements. Gain
contingencies are not recognized until the contingency has been resolved and amounts are received or receivable.

Note: 13.1 As per the records of the Company, including its Register of Members and other declarations received from
the shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownership
of shares.

Note: 13.2 In accordance with the Share Purchase Agreement executed on 2nd December 2024 between the
Existing Promoter Mr. Deniis Desai and Acquirers namely (1) Mr. Dharmendrabhai Becharbhai Jasani; (2) Mr. Ayush
Dharmendrabhai Jasani; and (3) Mr. Yagnik Tank, and pursuant to the provisions of SEBI (Substantial Acquisition of
shares and Takeovers) Regulations, 2011 and SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, post completion of Takeover Formalities Mr. Deniis Desai shall be reclassified as Non-Promoter and the Acquirers
namely (1) Mr. Dharmendrabhai Becharbhai Jasani; (2) Mr. Ayush Dharmendrabhai Jasani; and (3) Mr. Yagnik Tank shall
be classified as Promoters. As on the date of approval of this Financial Statements, the Takeover Formalities are already
completed and Mr. Deniis Desai is reclassified as Non-Promoter and the Acquirers namely (1) Mr. Dharmendrabhai
Becharbhai Jasani; (2) Mr. Ayush Dharmendrabhai Jasani; and (3) Mr. Yagnik Tank are classified as Promoters.

During the year on 02nd December, 2024, existing promoter of the Company executed Share Purchase Agreement
whereby he agreed to sell his ownership in the Company under the provisions of SEBI (Substantial Acquisition of
shares and Takeovers) Regulations, 2011 and SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015. Detailed filings of the said agreement are made with the BSE by the Company.

During the year, the Company has been in a transition phase following a change in controlling ownership. As per a
mutual understanding between the outgoing and incoming management, the existing investments and properties of
the Company are being liquidated prior to full transfer of control.

Pending deployment of such funds, the Company has temporarily placed surplus proceeds in the form of inter-corporate
deposits (ICDs) with select entities to optimise returns. As at the reporting date, ICDs constitute approximately 90% of
total assets, and related interest income accounts for over 80% of total income. The Company is not registered as a
Non-Banking Financial Company (NBFC) under the Reserve Bank of India Act, 1934. Management believes that (a) the
thresholds of 'net-owned funds' as defined under section 45-IA of the Reserve Bank of India Act, 1934 and (b) 'financial
activity as principal business' as explained in RBI vide press release 1998-99/1269 dated April 8, 1999, as determined
by 50-50 test are achieved only temporarily by the Company. No communication with the regulator i.e. RBI is made
as the breach of limits is only due to specific event and participation in ICDs is made in good faith for efficient fund
utilization during the transition period. The incoming management shall review and realign asset deployment in due
course, in compliance with applicable regulatory requirements.

Further, the incoming management has decided to commence a new line of business in the company after obtaining
members' approval for addition of Object in the Memorandum of Association. Under the new object, proposed activities
are - (a) business of of providing earth moving equipment's like Excavator, Dozer, JCB, Loaders, Skid loader, Industrial
vacuum cleaners, etc. on contract, Lease, hire and rental basis in India or elsewhere and to provide maintenance
services for the same and (b) to undertake all the necessary activities to promote Lease, hire and rental of Earth moving
Machinery and its repair and maintenance.

Subsequent to the reporting date, in April 2025, the Company has disposed of its entire shareholding in two of its group
entities - Arunis Realties Private Limited (subsidiary) and Arunis Edifice Private Limited (associate) - through sale of
shares. These disposals were completed after the balance sheet date and do not affect the conditions existing as at
31 March 2025. Accordingly, these are considered non-adjusting events under Ind AS 10 - Events after the Reporting
Period. However, the same have been disclosed in view of their significance.

NOTE 32 CAPITAL MANAGEMENT

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity
reserves attributable to the equity holders of the Company. The primary objective of the Company's capital management
is to ensure that it maintains an efficient capital structure and healthy capital ratios in order to support its business and
maximise shareholder value.

The Company determines the capital management requirements on the basis of Annual Budget and other strategic
investment plans as approved by the Board of Directors. The Company manages its capital structure and makes
adjustments to it in light of changes in economic conditions or its business requirements. To maintain or adjust the
capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue
new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net
debt. The Company includes within net debt, interest bearing loans and borrowings less cash and short-term deposits
(including other bank balance).

NOTE 34 FINANCIAL RISK MANAGEMENT
Risk management framework

The Company's principal financial liabilities comprises of borrowings, trade and other payables, and financial liabilities.
Company uses short term bank facilities in the form of cash credit facilities with the bank. (refer note 17 for balance
outstanding as at the balance sheet date). The main purpose of these financial liabilities is to finance the Company's
operations to support its operations. The Company's principal financial assets include investments, trade and other
receivables, cash and cash equivalents, other bank balances and other financial assets that derive directly from its
operations.

The Company has an effective risk management framework which helps the Board to monitor the risks controls in key
business processes. In order to minimise any adverse effects on the bottom line, the Company takes various mitigation
measures such as credit control. No derivatives are transacted by the company for hedging risks.

The Company has exposure to the following risks arising from financial instruments:

• Credit risk ;

• Liquidity risk ; and

• Market risk

i. Credit risk

Credit risk is the risk that counter party will not meet its obligation leading to a financial loss. The Company is
exposed to credit risk arising from its operating activities primarily from trade receivables and from financing
activities primarily relating to parking of surplus funds as Inter-corporate Deposits. The Company considers
probability of default upon initial recognition of assets and whether there has been a significant increase in credit
risk on an ongoing basis throughout the reporting period. To assess whether there is a significant increase in
credit risk, the Company compares the risk of default occurring on the asset as at the reporting date with the risk
of default as at the date of initial recognition. This assessment is based on available information and the business
environment.

a) Trade and other receivables

The Company has a Credit Policy and extends credit to its customers based on customer's credit worthiness,
ability to repay, and past track record. The extension of credit is constantly monitored through a review
mechanism. The company also covers its domestic as well as export receivables through a credit insurance
policy.

b) Inter-corporate deposits, Financial Instruments and Cash Deposits

The credit risk from balances/deposits with Banks, inter-corporate deposits, current investments and other
financial assets are managed in accordance with company's policy. Investment of surplus funds are made
in unsecured inter-corporate Deposits.

c) Financial Guarantee

The Company is exposed to credit risk in relation to financial guarantees given to banks. The Company's
maximum exposure in this respect is the maximum amount, the Company would have to pay, if the guarantee
is called on. The amount recognised in Balance Sheet as other financial liabilities and maximum exposure
details are as given below:

ii. Liquidity risk

Liquidity risk is the risk that the company may encounter difficulty in meeting its obligations. As the Company is
undergoing change in management and disposal of assets/liabilities, there is increased liquidity in current year.
For maximization of returns for the company, such liqidity is invested as unseured inter-corporate deposits of
tenure upto 1 year from the date of deposit.

Exposure to liquidity risk

The following tables detail the Company's remaining contractual maturity for its financial liabilities with agreed
repayment and realisation periods. The tables have been drawn up based on the undiscounted cash flows of
financial liabilities based on the earliest date on which the Company can be required to pay and realise.

in. Market risk

Market Risk is the risk that the fair value of the future cash flow will fluctuate because of changes in the market
prices such as currency risk, interest rate risk and commodity price risk.

a. Interest rate risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest
rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in
the interest rates. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing
investments will fluctuate because of fluctuations in the interest rates.

Company's interest rate risk arises from borrowings and inter-corporate deposits. Company has long term
borrowings as well as inter-corporate deposits at fixed rate of interest. Hence, the company is not exposed
to interest rate risk.

b. Equity price risk

Price risk is the risk arising from securities for trade and investments held by the company and classified in
the balance sheet either at fair value through Profit & Loss (FVTPL) or fair value through Other Comprehensive
Income (FVTOCI). Majority of the company's investments are current in nature and primarily in listed equity
shares and mutual funds which are not exposed to significant price risk.

a. As majority of the non-current assets are disposed-off pursuant to mutual agreement between incoming and
outgoing management, the Company had higher liquidity. To maximize return on such higher liquidity, the Company
has invested funds in short-term inter-corporate deposits therefore current ratio has improved in current year.

b. The Company was actively engaged in consultancy of real-estate projects till last year. No revenue has been
generated from such consultancy during the current year. Further, the Company discontinued trading in shares,
futures and options contracts from last quarter of FY 2023-24. Due to both these reasons, revenue from operations
has decreased drastically which has resulted in loss for the current year.

c. Further to explanation in a and b above, loans outstanding as at previous balance sheet date has been fully paid-
off in current year. There is loss incurred by the Company in current year and therefore Debt Service Coverage ratio
is negative for the current year.

Note 36 Previous year numbers are regrouped/reclassified as necessary for better presentation.

Note 37 The financial statements were authorized for issue by the Company's Board of Directors on 14th May, 2025.

In terms of our report attached For and on behalf of the Board of Directors of

For B. R. Pancholi & Co. Arunis Abode Limited

Chartered Accountants

Firm Registration No: 107285W

CA Bhupendra Pancholi Mr. Yagnik Bharatkumar Tank Mr. Deniis Desai

Partner Managing Director Director

Membership No: 041254 DIN: 10835016 DIN: 02904192

UDIN: 25041254BMNTGK4368

Ms. Heena Gupta Mrs. Garima Mandhania

Chief Financial Officer Company Secretary & Compliance Officer

Place: Vadodara Place: Mumbai

Date: 14th May 2025 Date: 14th May 2025