15. Provisions, Contingent Liabilities and Contingent Assets:

A provision is recognized if, as a result of a past event, the Company has a present legal obligation
that is reasonably estimate, and it is probable that an outflow of economic benefits will be required
to settle the obligation. Provisions are determined by the best estimate of the outflow of economic
benefits required to settle the obligation at the reporting date. Where no reliable estimate can be
made, a disclosure is made as contingent liability. A disclosure for contingent liability is also made
when there is a possible obligation or a present obligation that may, but probably will not, require
an outflow of resources. Where there is a possible obligations or a present obligation in respect of
which the likelihood of outflow of resources is remote, no provision or disclosure is made.

16. Earning Per Share:

Basic and diluted earnings per share are computed in accordance with Accounting Standard-20.
Basic earnings per share is calculated by dividing the net profit or loss after tax for the period
attributable to equity shareholders by the weighted average number of equity shares outstanding
during the period. Diluted earnings per equity share are computed using the weighted average
number of equity shares and dilutive potential equity shares outstanding during the period,
except where the results are anti-dilutive.

17. Investments:

Current investments, if any are carried at lower of cost & net realizable value. Long term
(noncurrent) investments are stated at cost. Provision for diminution in the value of long term
investments is made only if such a decline is other than temporary.

1 The above Cash Flow has been compiled from and is based on the Balance sheet as at 31st March, 2024 and the related Profit & Loss Account for the year ended on that date.

2 The above cash flow statement has been prepared under the Indirect Method as set out in the Accounting Standard-3 on Cash Flow Statement issued by The Institute of

3 Figures in parenthesis represent outflow.

4 Previous year's figures have been regrouped, wherever necessary, to confirm current year's presentation.

As per our report of even date attached hereto

FOR SSRV & Associates
Chartered Accountants

(Firm Reg. No. 135901W) For, Magenta Lifecare Limited

Vishnu Kant Kabra Divyesh Modi Khyati Modi

Partner Managing Director Director

Membership No. : 403437 DIN: 02016172 DIN: 06727195

UDIN : 24403437BKAJTS3206

Date : 5th July 2024 Malvik Mehta Anita Kumawat

Place : Mumbai CFO Company Secretary

I. System of Accounting

The financial statements are prepared under historical cost convention on an
accrual basis and on the basis of going concern.

II. Fixed Assets and Depreciation :

i) Fixed Assets

Fixed Assets are capitalised at cost including all direct costs and other expenses
incurred in connection with acquisition of assets apportioned there to.

ii) Depreciation

Depreciation has been calculated on written down value method on Fixed Assets in
accordance with the rates and in the manner prescribed under Schedule XIV to the
Companies Act, 2013.

III. Inventories

Inventories are valued at cost or net realisable value, whichever is less.

IV. Sales

Sales are net of rebate & discounts and is accounted on removal of the goods.

V Accounting policies not specifically referred to are consistent with generally

accepted accounting practices.

Note No.19 Notes on Accounts

1. The balances of Debtors and Creditors are subiect to the confirmation.

2. In the opinion of the Board of Directors the current assests, loans & advances are
approximately at the same value if realised in the ordinary course of business,
the provisions of all known liabilities are adequate except stated otherwise.

3. Provision of Income Tax is made as per the Income T ax Act, 1961.

4. The Company have not any such transaction which is not recorded in the books of accounts that has

been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961
such as, search or sui^ey or any other relevant provisions of the Income T ax Act, 1961)

5. The company does not fall under requirements to fulfill given under section 135 Corporate social responsibility.

6. The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

7. Auditors Remuneration : (in Rs.) (in Rs.)

2023-24 2022-23

as Statutory Audit Fees 1 -50 -

8. There are no Immovable property held as at the end of current year.

9. The company have not made any revaluation in its Property, Plant and Equipment by registered valuer.

10 Loans and advances in the nature of loans are granted to promoters, directors, KMPs and the related parties

(as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

As at 31st March'2024
(In Rs)

Repayble on demand -

11. The Company do not have any intangible assets under development

12. The Company do not have any Benami property, where any proceeding has been initiated
or pending against the company for holding any Benami property.

13. The Company has not made any borrowinas from banks or financial institutions on the basis of security of current assets

14. The Company is not being declared wilful defaulter by any bank or financial institution or other lender.

15. The Company do not have any transactions with companies struck off.

16. The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period,

17. The Company does not have any layers prescribed under clause (87) of Section 2 of the Act,
read with Companies (Restriction on number of Layers) Rules, 2017.

Notes

18.1 Change is due to significant increase in Equity Share Capital as Compared to Previous Year.

18.2 Change is due to significant increase in inventor as compared to Previous Year

18.3 Change is due to significant increase Revenue from Operation as compared to Previous Year.

18.4 Change is due to significant increase Revenue from Operation as compared to Previous Year.

19. The Company has no scheme of arrangements approved by the competent authority as per Companies Act,2013

20. The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including
foreign entities (Intermediares) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

20.1 The Company have not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the Group shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

21 Related Parties Disclosures as attached herewith
As per our report of even date attached.

FOR SSRV & Associates For, Magenta Lifecare Limited

CHARTERED ACCOUNTANTS
(Firm Reg. No. 135901W)

Vishnu Kant Kabra Divyesh Modi Khyati Modi

Partner Managing Director Director

Membership No. : 403437 DIN : 02016172 DIN : 06727195

UDIN : 24403437BKAJTS3206
Place : Mumbai

Date : 5th July 2024 Malvik Mehta Anita Kumawat

CFO Company Secretary