Apex Ecotech Ltd. के अकाउंट के लिये नोट

l. Contingencies and provisions

The Company recognizes a provision when there is
a present obligation as a result of a past event and
it is more likely than not that there will be an outflow
of resources embodying economic benefits to settle
such obligation and the amount of such obligation can
be reliably estimated. Provisions are not discounted
to its present value and are determined based on the
management''s best estimate of the amount of obligation
required at the year end. These are reviewed at each
balance sheet date and adjusted to reflect current
management estimates

Contingent liabilities are disclosed in respect of possible
obligations that have arisen from past events and
the existence of which will be confirmed only by the
occurrence or non-occurrence of future events not
wholly within the control of the Company.

When there is a possible obligation or a present
obligation where the likelihood of an outflow of resources
is remote, no disclosure or provision is made.

m. Leases

Assets acquired under leases other than finance leases
are classified as operating leases. The total lease
rentals including scheduled rental increase in respect
of an asset taken on operating lease, is charged to the

statement of profit and loss on a straight-line basis over
the lease term.

n. Employee Benefits:

Short-term employee benefits

All employee benefits payable within twelve months
of rendering the service are classified as short-term
employee benefits. Benefits such as salaries, wages,
and bonus, etc. are recognized in the statement of profit
and loss in the period in which the employee renders the
related service.

Compensated absences

The employee can carry-forward a portion of the
unutilized accrued compensated absence and utilize it in
future service period. The Company record an obligation
for compensated absence in the period in which the
employee renders the service. The obligation is measured
on the basis of independent actuarial valuation as at
year end using the projected unit credit method.

Gratuity

Gratuity liability under the payment of Gratuity Act has
been provided in the books of accounts as per Actuarial
Valuation as required under Accounting Standard
-15 (Revised) issued by The Institute of Chartered
Accountants of India.

i) Kotak Mahindra Loan is secured by hypothecation of MG Gloster Car having reg no. DL12CT3903

ii) YES Bank Loan is secured by hypothecation of Innova Crysta Car having reg no. DL10CL4306

iii) ICICI Bank Ltd is secured by hypothecation of Innova Crysta Car having reg no. MH14JA7993

iv) Kotak Mahindra Loan is secured by hypothecation of Innova Crysta Car having reg no. DL9CAW9046

v) Car Loan from Toyota Financial Services India Limited- 2954

Car loan amounting to '' 68.00 lakhs is secured by way of hypothecation of the vehicle financed. The loan is repayable in
60 equal monthly instalments of '' 1,37,133 each, which are inclusive of interest, at an effective interest rate of 7.78% per
annum, payable on monthly rests.

vi) Car Loan from Toyota Financial Services India Limited- 3020

Car loan amounting to '' 59.76 lakhs is secured by way of hypothecation of the vehicle financed. The loan is repayable in
60 equal monthly instalments of '' 1,20,515 each, which are inclusive of interest, at an effective interest rate of 7.78% per
annum, payable on monthly rests.

vii) Cash Credits

The Company has been sanctioned a total limit of '' 3500.00 Lakhs comprising Cash Credit of '' 1000.00 Lakhs and Bank
Guarantee of '' 2500.00 Lakhs (interchangeable up to '' 3000.00 Lakhs) for working capital and bank guarantees. As at
31^st March 2026, there is no outstanding utilization of cash credit limits.

Primary security by hypothecation of stock and book debts, supported by equitable mortgage of property in Jaipur and
collateral in the form of Fixed Deposits along with personal guarantees of Mr. Anuj Dosajh, Mr. Ramakrishnan Balasundaram
Aiyer, and Mr. Ajay Raina.

Notes to the Financial Statements

for the period ended on 31^st March 2026

(All amounts are in Rs. Lakhs, unless stated otherwise)

26 Claims against the company not acknowledged as debt/ Claims filed by the Company

1 The Company had filed an appeal before District Judge, Nasik against the award of '' 3.20 Lakhs passed by Micro & Small
Enterprises Facilitation council, Nasik Division dated 16.11.2018. Earlier M/s Positive Metering Pumps (I) Pvt Ltd initiated a
conciliation proceedings under section 18 read with section 17 of the Micro, Small and Medium Enterprises Development
Act, 2006 for non payment of principal amounting to '' 2.64 Lakhs and interest of '' 0.38 Lakhs. An amount of '' 3.20
Lakhs is included under the head Trade Payables, Schedule 6 of Balance Sheet. The appeal filed by the company has been
quashed by the district court. However, no claim has been raised by the party till date and management is of the opinion
that no provision is required to be made for the additional interest amount and therefore the same has been shown as
contingent liability.

2 Company has filed suit on M/s DLF Home Developers Limited for recovery of '' 47.49 Lakhs, matter listed for the arguments
on the application U/o.XXXVII Rule 3(4) R/w Section 151 of CPC. The above amount of '' 47.49 Lakhs includes principal
amount of '' 11.89 Lakhs and difference being damages and interest amounting to '' 35.60 Lakhs. The above amount of
11.88 Lakhs is included in Trade Receivable "Others" under the head Trade Receivable, Schedule 10 of Balance Sheet.
The matter is pending as on 31 March 2026.

3 Company has filed 2 suits on Mr. Vinod Patel Proprietor M/s Extreme automation U/S 138 of Negotiable Instrument Act,
1881 for an amount of '' 4.28 Lakhs and is included in Advances to Vendors under Note 12 and is pending in the court of
Judicial Magistrate First Class, Pimpri. Company has applied for issuance of summons. Hence, court has issued summons
against the accused. The matter is pending as on 31 March 2026.

4 Pursuant to an assessment under Section 143(3) of the Income-tax Act, 1961 for AY 2022-23, the Assessing Officer,
vide order dated 22 March 2024, made an addition of '' 11.30 Lakhs and raised a demand of '' 0.43 Lakhs. The Company
preferred an appeal before the Commissioner of Income-tax (Appeals). The CIT(A), vide order dated 25 July 2025, has
allowed the appeal and deleted the additions; accordingly, the demand stands deleted.

Penalty proceedings initiated under Section 270A in respect of the aforesaid assessment were kept in abeyance. In view
of the appellate order deleting the underlying additions, no penalty is leviable.

5 Pursuant to an order under the CGST Act, 2017 for FY 2018-19, a demand of '' 4.37 Lakhs has been raised against the
Company. The Company has filed an appeal under Section 107 before the Appellate Authority and deposited '' 0.13 Lakhs
as statutory pre-deposit. The balance demand is stayed and the matter is pending adjudication.

6 Pursuant to an order under the CGST Act, 2017 for FY 2021-22, a demand of '' 13.61 Lakhs has been raised against the
Company. The Company has filed an appeal under Section 107 before the Appellate Authority and deposited '' 0.71 Lakhs
as statutory pre-deposit. The balance demand is stayed and the matter is pending adjudication.

7 The Company has challenged a GST demand of '' 106.60 Lakhs for FY 2021-22 before the Hon''ble Bombay High Court by
way of writ petition under Article 226 of the Constitution of India. The matter is presently pending at the pre-admission
stage. Pending final outcome, no provision has been made.

27 P revious year figures have been regrouped and reclassified wherever required.

28 The Company operates in only one business segment, hence separate segment reporting is not applicable as per AS-17

for the period ended on 31^st March 2026

(All amounts are in Rs. Lakhs, unless stated otherwise)

30 Disclosures in compliance with amendment in Schedule III

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

b. The Company has not entered any transactions with Companies that were struck off under section 248 of the Companies
Act, 2013 or section 560 of Companies Act, 1956.

c The Company is in compliance with number of layers of Companies, as prescribed under clause (87) of section 2 of the
Act read with Companies (Restriction on number of Layers) Rules, 2017.

d. The Company has not been declared a wilful defaulter by any bank or financial institution or consortium thereof in
accordance with the guidelines on wilful defaulters issued by RBI.

e. During the year, no scheme of arrangements in relation to the Company has been approved by the competent authority in
terms of section 230 to 237 of the Companies Act, 2013. Accordingly, aforesaid disclosure are not applicable, since there
were no transaction.

f. The Company does not have any such transaction which is not recorded in books of accounts that has been surrendered
or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

g. There is no charge or satisfaction of charge which is yet to be registered with ROC beyond the statutory period.

h. All the quarterly statements of current assets filed by Company with the banks or financial institutions agree with books
of accounts.

i. The Company has not traded or invested in crypto currency or virtual currency during the financial year.

j. The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other
sources or kind of funds) to any other person or entity, including foreign entities (“Intermediaries”) with the understanding
(whether recorded in writing or otherwise) that the Intermediary shall, whether, directly or indirectly lend or invest in other
persons/entities identified in any manner whatsoever by or on behalf of the Group (‘ultimate beneficiaries'') or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.

k. The company has 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 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 provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

I Cnli/nnrw Dntinc

32 Outstanding amounts of Trade Payables, Long Term Liabilities - Trade Payables, Trade Receivables and Advance from
Customers are subject to balance confirmations.

For Raman Chawla and Associates For and on behalf of the Board

Chartered Accountants Apex Ecotech Limited

Firm Regn No - 035543N

Jasmeet Singh Anuj Dosajh Ajay Raina

Partner Managing Director Director

M No. 549076 DIN :00119225 DIN :02042979

Date: 06 May 2026

Place: New Delhi Rakesh Kaul Vishakha

UDIN: 26549076EONSQD2949 Chief Financial Officer Company Secretary

PAN: ABFPK6544B Mem. No.: 77386

k. Provisions

A provision is recognized when the company has a
present obligation as a result of past event and 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
management estimate required to settle the obligation
at the Balance Sheet date. These are reviewed at each
Balance Sheet date and adjusted to reflect the current
management estimates.

Accounting policies are not specifically referred to
otherwise be consistent and in consonance with
generally accepted accounting principles.

l. Employee Benefits:

Gratuity liability under the payment of Gratuity Act has
been provided in the books of accounts as per Actuarial
Valuation as required under Accounting Standard
-15 (Revised) issued by The Institute of Chartered
Accountants of India.

25 Other Matters

1 The Company had filed an appeal before District Judge, Nasik against the award of Rs. 3.20 Lakhs passed by Micro
& Small Enterprises Facilitation council, Nasik Division dated 16.11.2018. Earlier M/s Positive Metering Pumps (I)
Pvt Ltd initiated a conciliation proceedings under section 18 read with section 17 of the Micro, Small and Medium
Enterprises Development Act, 2006 for non payment of principal amounting to Rs. 2.64 Lakhs and interest of Rs.
0.38 Lakhs. An amount of Rs. 3.20 Lakhs is included under the head Trade Payables, Schedule 6 of Balance Sheet.
The appeal filed by the company has been quashed by the district court. However, no claim has been raised by the
party till date and management is of the opinion that no provision is required to be made for the additional interest
amount and therefore the same has been shown as contingent liability.

2 Company has filed suit on M/s DLF Home Developers Limited for recovery of Rs. 47.49 Lakhs, matter listed for the
arguments on the application U/o.XXXVII Rule 3(4) R/w Section 151 of CPC. The above amount of Rs. 47.49 Lakhs
includes principal amount of Rs. 11.89 Lakhs and difference being damages and interest amounting to Rs. 35.60
Lakhs. The above amount of 11.88 Lakhs is included in Trade Receivable "Others" under the head Trade Receivable,
Schedule 10 of Balance Sheet. The matter is pending as on 31 March 2025.

3 Company has filed 2 suits on Mr. Vinod Patel Proprietor M/s Extreme automation U/S 138 of Negotiable Instrument
Act, 1881 for an amount of Rs. 4.28 Lakhs and is included in Short Term Loans and Advances Schedule 12 and is
pending in the court of Judicial Magistrate First Class, Pimpri. Company has applied for issuance of summons. Hence,
court has issued summons against the accused. The matter is pending as on 31 March 2025.

4 The Company has been assessed u/s 143(3) of Income Tax Act 1961 for AY 2022-23 wherein the assessment order
dated 22.03.2024 was passed. Ld. AO made an addition of Rs. 11,29,831/- thereby raising a demand of Rs. 43,020/-.

Pursuant to above assessment order, Penalty proceedings u/s 270A of the Income Tax Act 1961, were also
initiated separately.

Aggrieved by the above Assessment order, the Company has filed an appeal u/s 246A before Commissioner of Income
Tax (Appeals) on 22.04.2024. Penalty proceedings initiated are kept in abeyance till the disposal of above appeal.
The case is yet to be fixed for hearing."

26 Previous year figures have been regrouped and reclassified wherever required.

27 The Company operates in only one business segment, hence separate segment reporting is not applicable as per AS-17

29 Disclosures in compliance with amendment in Schedule III

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

b. The Company has not entered any transactions with Companies that were struck off under section 248 of the Companies
Act, 2013 or section 560 of Companies Act, 1956.

c The Company is in compliance with number of layers of Companies, as prescribed under clause (87) of section 2 of the
Act read with Companies (Restriction on number of Layers) Rules, 2017.

d. The Company has not been declared a wilful defaulter by any bank or financial institution or consortium thereof in
accordance with the guidelines on wilful defaulters issued by RBI.

29 Disclosures in compliance with amendment in Schedule III (contd.)

e. During the year, no scheme of arrangements in relation to the Company has been approved by the competent authority in
terms of section 230 to 237 of the Companies Act, 2013. Accordingly, aforesaid disclosure are not applicable, since there
were no transaction.

f. The Company does not have any such transaction which is not recorded in books of accounts that has been surrendered
or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

g. There is no charge or satisfaction of charge which is yet to be registered with ROC beyond the statutory period.

h. All the quarterly statements of current assets filed by Company with the banks or financial institutions agree with books
of accounts, if any.

i. The Company has not traded or invested in crypto currency or virtual currency during the financial year.

j. The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other
sources or kind of funds) to any other person or entity, including foreign entities (“Intermediaries”) with the understanding
(whether recorded in writing or otherwise) that the Intermediary shall, whether, directly or indirectly lend or invest in other
persons/entities identified in any manner whatsoever by or on behalf of the Group (‘ultimate beneficiaries'') or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.

k. The company has 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 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 provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

31 Outstanding amounts of Trade Payables, Long Term Liabilities - Trade Payables, Trade Receivables and Advance from
Customers are subject to balance confirmations.

As per our report of even date attached.

For Raman Chawla and Associates For and on behalf of the Board

Chartered Accountants Apex Ecotech Limited

Firm Regn No - 035543N

Jasmeet Singh Anuj Dosajh Ajay Raina

Partner Managing Director Director

M No. 549076 DIN :00119225 DIN :02042979

Date: 22 May 2025

Place: New Delhi Rakesh Kaul Kirti Jain

UDIN: 25549076BMOKTD8509 Chief Financial Officer Company Secretary