Kaizen Agro Infrabuild Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

Provision, Contingent Liabiiiti®, md Contingent Awefct

A provision Is recognized when an enterprise has a prwtrtt obligation (legal or instructive) as a result of past
event; It Is probable that aft outfldw 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 measured at
the present value of management''s best estimate of the expenditure required to settle the present obligation
at the and of the reporting period. The discount rata used to determine the present value Is a pre-tax rate
that reflect* current mariet assessment* at the time valve of money and the risk specific to the liability The ,
expense relating to a provision Is presented in the statement of profit and luss.A contingent liability is a
possible obligation that arises from past events whose existence will be confirmed by the occurrence or non¬
occurrence of one or mare uncertain future events beyond the control of the Company or a present obligation
that Is not recognized because it Is nor probable that an outflow of resources will be required to settle the
obligation, The Company does not recognize a contingent liability but discloses it* ©dttonce In the financial ,
statements,

Contingent assets usually arise from unnamed or other unexpected events that give nse to the possibility of
an inflow of economic benefits. Contingent Assets are nor recognized though are
disclosed, where an inflow of economic benefits is probable.

Ftrwlsions, contingent liabilities and contingent assets ate reviewed at each reporting dntc
Financial Instrument*

A financial Instrument is any contract that gives nse to s financial asset of one entity and a financial liability
fx equity Instrument of another entity.

Financial Assets

Financial assets are recognized when the Company becomes a party to the contractual provisions of the
Instrument.tinssiftcatforeThe Company classifies its financial assets into the fallowing categories based on fhe
business model for managing the asset and the contractual cash flow dwac«ristics:Measured at Amortised
cost:Financial assets held to collect contractual cash flows, where those cash flow* represent solely payments
nf principal and Interest, are measured at amortised cost,Measured at Fair Value through Other Comprehenshre
Income (FVQCI): Financial assets held both to collect contractual, cash flows and fof sale, where the cash ftowa
are solely payments of principal and interest, are measured a\ FVOCl.Measured at Fair tel us through Profit or
Loss (FVTPL}: All other financial assets are measured at FVTPL, Including those hdd for trading and those whose
contractual cash flows are not solely payments of principal and Interred .initial Measurement: All financial assets
are initially reoogniied at fair value plus, for nswts not at FVTPL, directly attributable transaction
costs,Subsequent Measurement:At amortised cost or FVOCI, using the effective interest rate IFIR) method. A*
FVTPL, at fair value, with gains or Losses recognized in profit or loss.lmpaintierrt:The Company assesses, at
each reporting date, whether a, financial asset nr group of financial assets is impaired using the expected credit
loss (ECL) model, which involve; measuring Impairment based on historical, current, and foreoasv
information.Derecognition:A financial asset Is Jetecognued upon expiry of contractual rights, or when
substantially all risks and rewards of ownership have been transferred.

Hniindnl HafclLitttt

Financial liabilities are recognised when the Com rmny becomes a party to the contractual provisions- of tl*
Instrument.ClasaificatlorcFinandal llabtlttlei are classified as either.At amortised cost:Most financial
liabilities, Including borrowings and trade payables. are measured at amortised cost using the EIP method.At
Wf value through profit or loss (FVTPLJtFrnanriai liabilities held for trading, or where the Company has
designated tlwm as at FVTFL to eliminate an accounting mismatch, are measured al fair value with gains 01
losses- recognised in profit or loss.initial Measurement:All financial liabilities are Initially recognized at fair
value less (for liabilities not at FVTflL) transaction costs that are directly attributable to the issue .Subsequent
Mea$urement:Msasured at amortised cost using 0R, unless classified as at FVTFl.Derecognition: A financial
liability is derecognized when the obligation under tbs contract is discharged, cancelled, or expires.

Fair Value measurement

The Company measures financial in&munenfe, such as, derivatives at fair value ar each balance sheet date
fair value fa the price that would be received to sell an asset or paid to transfer a liability m an orderly
transaction between market participants at the measurement date The fair value measurement Is based on
tl*e presumption that the transaction to sell tl*> asset or transfer tte liability takes place either¬
* In the principal market for the asset or Liability or

* In the absence of a principal market, In the most advantageous market for the asset or lability

A fair value measurement of a mn-flnanclal asset tatec into account a maikat participant''s ability to
generate economic benefits by using the asset In Its highest and best use or by selling ft to another market
participant that would use the asset in fts highest and best loo.

All assets and liabilities for which fair value is measured or disclosed m the financial statements are
categorised within the fair value hierarchy, described as follows, based on the lowest level input that is
significant to the fair value measurement as ft whole:

¦ Level 1 — Quoted (unadjusted) market prices \n active markets for identical assets or liabilities

* Level ? — Situation techniques for which the lowest level Input tiiat is significant to the fair vatie
measurement ts dir ectly or

indirectly observable

* Lerei J - ^1 nation lechnfques For which the lowest level input tnat is significant to the fair valut
measurement fs unobservable

Exceptional Kerns

An ordinary item of income nr expense which by Its siw, nature, occurrence or incidence requires a disclosure
in order to improve understanding of the performance of the Company is treated as an exceptional item in the
Statement of Pnofft and Loss account.

Events after reporting date

Where events occurring after the balance sheet date provide evidence Of conditions that existed M the end
of the reporting period, the Impact of such wents Is OiJJlisted within the Financial Statements. Otherwise,
events after the balance sheet date cf material size or nature are only disclosed,

Recent accounting pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standard* tnder
Companies (Indian Accounting Standards) Rules as Issued from time to time. During the year ended March Ui,
2025, MCA has notified Ind AS 117 - insurance Contracts and amendments to Ind As 116 - Leases, relating to
sale and Lease beck transactions, applicable from April 1, 2024. The Company has assessed that there Is no
significant impact on its financial statements. On May $, 2025, MCA notifies the amendments to Ind AS 21 -
Effects of Changes in Foreign Exchange Rates. These amendments aim to provide clearer guidance on assessing
currency exchangeability and estimating ©cchange rate* when currencies are net readily exchangeable The
amendments are effective for annual perkxfc beginning on or after April 1, ZQZ5.

26 Othor Statutory informatfein

Hi* Company does rot have any Benaml property where any proceeding has been initiated or pending against the Company
tor holding any Benaml property under the Benaml Transactions (Prohibition) Act, and rules made thereunder.

5 Company does not hove any transaction with companiM struck off under section 243 of the Componta Act, J01i nr
lection 560 of the Companies Act, 195*,

The Company have not traded or Invested in Crypto currency or Virtual Cui-rancy during the flnartlnl yearn

The Company have not advanced or loaned or Invested fund; fo any other perwfi(s) ci entity (It*), Including tartly entllter
lintonnetJlarfes} wttti the understanding that the IntemedlBty shall:

¦

a) directly or indirectly lend or invest In other persons or ^titles identified In any manner whatsoever ty or on behalf of tte
company (Ultimate Beneficiaries! or

h> provide any guarantee, security or the like to or on behalf of the Ultimate BeneflclaH^s

The Company nave not received any fund From any person**) or entity (lei), including foreign entitles (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Company shnU:

a) directly or Indirectly lend or Invest in other person; or entities Identified in any manner whatsoever by nr on behatr of the
Funding Party (Ultimate Beneflcforle*) or

b) provide any guarantee, security or the Like on behalf of the Ultimate Bsnencta/les,

The Company haw not any aueh transaction which b not recorded in the bools! of accounts that has been surrendered or
disclosed on; Income during the year In the tax assessments under the Income Tax Act, 1Pol (such at, worth or survey or any
other relevant provisions of the income Tax Act, i Ml

t TTlft Company ii not a Core investment Company as defined In the regulationa mode by Reserve Bank of India.

There Ate no events or transactions after the reporting period which is required to be disclosed under Ind AS 10.

During the year, the Company has made investments In unquoted equity surfs of private limited cempinlei. Those

₂₇ Invertniwits hove been measured at cost In nccorflitnce with Ihd AS 109, since the Talr value of these unquoted equity
Instruments fs not readily available and there Is no active martet for such snares. The Company lias determined, after
considering all available Information, that:cost represents the best estimate of fair value at the reporting date.

2d ^ Compeiny has used accounting software for maintain!^ Its books of account which has a feature of recording audit trail
(Gdlt fog) facility The Audit trail facility was under the proc«j of impfonwncmltin duHns the year.

A* per our r eport op even date.

For M K Kotiwf ft Axsoctttei For Kabwn A|ro iPtrahulto Limited

Jiirtsrvd Accoimunts
FRN; 0323*2**

Ankur Kudu on Kumar Jhudhun

Managing Director Whofotlme Dlrectoif

W K Kotheh PIN * 1Q1«T3t DIN * tOfMWdft

I''xrttwr

Mvmbrcttolp Mo, OmtT

KolAfrtfc, May IS, 202J Hlktta iUterta Jtoujs Agirwal

UNN - 2S059S13BMI1513124 Company Secretary CFO

m. ^ nm mr-oseraaft)

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Mar 31, 2024

Corporate Information

Kaizen Agro Infrabuild Limited (previously Anubhav Infrastructure Limited) (the Company) is a Limited Company domiciled in India and incorporated under the provisions of the Companies Act, 1956.

The Company is in the business of providing land development, construction services and other related services for civil & structural construction and infrastructure sector projects.

1. Significant Accounting Policies & Notes:

1.1 Statement of Compliance

These financial statements have been prepared in accordance with Indian Accounting Standards ("Ind AS") notified under the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 as applicable. Up to the year ended March 31, 2017, the Company prepared its financial statements in accordance with the requirements of previous GAAP, which includes Standards notified under the Companies (Accounting Standards) Rules, 2006. These are the company''s first Ind AS financial statements. The date of transition to Ind AS is April 1st, 2016. Refer Note 27 for the details of first-time adoption exemptions availed by the Company. In accordance with Ind AS 101 First-time Adoption of Indian Accounting Standard, the Company has presented a reconciliation under Accounting Standards notified under the Companies (Accounting Standards) Rules, 2006 ("Previous GAAP" or "Indian GAAP") to Ind AS.

Basis of Preparation of Financial Statements

These financial statements are prepared on historical cost basis, except for certain financial instruments which are measured at fair values as explained in the accounting policies below.

1.3. Presentation and disclosure of Financial Statements

During the year ended 31st March 2011, Revised Schedule VI notified under the Companies Act 1956, has become applicable to the Company, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosures made in the financial statements. The Company has also reclassified the previous year figures in accordance with the requirements applicable in the current year. The revised schedule VI allows line items, sub-line items and sub-totals to be presented as an addition or substitution on the face of the financial statements when such presentation is relevant to an understanding of the Company''s financial position or performance or to cater to industry/sector-specific disclosure requirements. As per Companies Act 2013 Schedule VI name has been replaced by Schedule III.

1.4. Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the results of operations during the reporting period end. Although these estimates are based upon management''s best knowledge of current events and actions, actual results could differ from these estimates.

1.5. Cash and cash equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and shortterm investments with an original maturity of three months or less.

1.6. Provision For Current & Deferred Tax

Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income-tax Act, 1961 enacted in India and tax laws prevailing in the respective tax jurisdictions where the Company operates. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date. Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the current year and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted or substantively enacted at the reporting date.

1.7. Investments

Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made, are classified as Current Investments. All other investments are classified as Long-Term Investments. On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such as brokerage, fees and duties. Both current investments and long-term investments are carried in the financial statements at cost. On disposal of an investment, the difference between it''s carrying amount and net disposal proceeds is charged or credited to the statement of profit and loss.

1.8. Current Assets & Loans

In the opinion of the Board and to the best of its knowledge and belief the value on realization of current assets in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet and repayable on demand.

1.9. Property. Plant & Equipment Tangible Assets:

Tangible assets are stated at their cost of acquisition net of receivable CENVAT and VAT Credits. All costs, direct or indirect, relating to the acquisition and installation of fixed assets and bringing it to its working condition for its intended use are capitalized and include borrowing costs and adjustments arising from foreign exchange rate variations directly attributable to construction or acquisition of fixed assets. Depreciation on fixed assets is provided on straight line method (SLM) on a pro-rata-basis at the rates and in the manner specified in part C of Schedule II to the Companies Act, 2013. In respect of assets acquired/sold during the period, depreciation has been provided on pro-rata basis with reference to the days of addition/put to use or disposal.

Impairment of tangible and intangible Assets:

Management periodically assesses using, external and internal sources, whether there is an indication that an asset may be impaired. An impairment loss is recognized wherever the carrying value of an asset exceeds its recoverable amount. The recoverable amount is higher of the asset''s net selling price and value in use i.e. the present value of

future cash flows expected to arise from the continuing use of the asset and its eventual disposal. An impairment

loss for an asset is reversed if there has been a change in the estimates used to determine the recoverable amount since the last impairment loss was recognized.

¹-¹⁰- Recognition of Income & Expenditure

income and expenditure are recognised and accounted for on accrual basis. Revenue is recognised to the extent that It is probable tha, the economic benefits will flow to the Company and the revenue can be reliably measured Revenue from sale of goods Is recognised on transfer of significant risks and rewards of ownership to the customer

and when no significant uncertainty exists regarding realisation of the consideration. Sales are recorded net-of sales returns, sales tax/VAT, cash and trade discounts.

i-H- Earning Per Sharps

The Company reports Basic and Diluted earnings per equity share in accordance with the Accounting standard . 20 on Earning Per Share. In determining earning per share, the Company considers the net profit after tax and includes e post tax effect ot any extraordmary/exceptional items. The number of shares used in computing basic earnings per share IS the weighted average number of equity shares outstanding during the period. The numbers of shares used m computing diluted earnings per share comprises the weighted average number of equity shares that would have been issued on the conversion of all potential equity shares. Dilutive potential equity shares have been deemed converted as of the beginning of the period, unless issued at a later date.

¹-¹²'' Provision, Contingent Liabilities and Contingent AccPtc

Provisions involving substantial degree of estimation in measurement a,e recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.

The Company are not recognized any Contingent Liabilities and Contingent Assets in the financial statements.

1-13. Cash Flow Statement

Cash flows are reported usihg the indirect method, whereby profit before tax is adjusted for the effects of trarrsactroos of a non-cash nature, any deferrals or accruals or accruals of pas, & future operating cash receipts or ymen s an item of income or expenses associated with investing and financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

1-14. Borrowing Cn«>t

Borrowing costs that are attributable to the acquisition or construction qualifying assets are capitalised as part o,

the cost of such assets. A qualifying asset is one that takes necessarily substantial period of time to get ready for its intended use. All other borrowing costs are charged to revenue.

^1,ls- Foreign Currency Transactions

Earnings in Foreign Currency - Nil (Previous year: Nil)

Expenditure in Foreign Currency - Nil (Previous Year: NIL)

1.16. Contingent Liabilities not provided for

The company does not have any Contingent liability that need to disclosed in the notes on accounts.

1.17. MSMED Act, 2006

The Government of India has promulgated an Act namely The Micro, Small and Medium Enterprises Development Act, 2006 which comes into force with effect from October 2, 2006. As per the Act, the company is required to identify the Micro, Small & Medium suppliers and pay them interest on over dues beyond the specified period irrespective of the terms agreed with the suppliers. The Company does not have any dues to any entity covered under The Micro, Small and Medium Enterprises Development Act, 2006.

1.18. COVIP-19

The outbreak of Coronavirus (COVID-19) pandemic globally and in India has caused significant disturbance and slowdown of economic activity. During the year ended March 31, 2024, there is no significant impact on the ope-ations of the Company. The Company has taken into account the possible impact of COVID-19 in preparation of financial statements, including its assessment of recoverable value of its assets based on internal and external information up to the date of approval of these financial statements and current indicators of future economic conditions.

1.19. Contingent Liabilities & Pending Litigations

The company does not have any Contingent Liabilities & pending litigations as on the Balance Sheet date and hence no provision is required under any law or accounting standard, for material foreseeable losses if any on long term contracts including derivative contracts.

1.20. Related Party Disclosures

In accordance with the provisions of AS 18 "Related Party Disclosures" and the Companies Act, 2013, Subsidiary company and Company''s Directors, are considered as Key Management Personnel.

(a) Holding Companies

I. NIL

(b) Associate Companies

I. NIL

(c) Subsidiary Companies

I. NIL

1.21. Transactions with related parties NIL

the Company for holding arw Benami propert^r^rtV'' "^{he,e proeee,Iln6 has been lnitlated} or pending against

^c°^mpaniK ^ ^s«>°" *«

Companies ^nrthe°aatStor^^rtod.^rgM " ^SatlSfaC"°" ^{whlcb is yet 10 be} ™Ii«ered with Registrar of

^IV'' ^ °^r ''^{nVKted CrVP,}° ^CUrrenCV °^{r Vir,ual Currebcy dp}™« ^tbb financial year

foreign entitles SST” “ ^S"''‘^i!Vli“⁾''

^,a’ °^{r ,da}"^,i,,ad ^ ~

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

^Vl''

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

VIII. The Company has not been declared as willful defaulter by any Banks. Financial institution or other lenders.

1-23 Dividend

The company has no, declared or paid any dividend during the year and has no, proposed final dividend for the year 1-24 Impairment of Assets

The carrying amounts of assets are reviewed a, each balance sheet date if there is any indication of impairment based on mternal/external factors. An impairment loss is recognized wherever the carrying amount of an asset

us h ''>¦ T ^amOUnt'' ^{The re}“^{ve,able am}“"t « the higher of the asset’s net selling price and value in

use, which rs determined by the present value of the estimated future cash flows

1.25 Medium Enterprises Development Act, 2006 and hence disclosures have been made only for the parties from whom the declaration has been received. In respect of other vendors from whom declaration has not been received disclosure has not been made for those which have not been received disclosure has not been made.

1.26 Party''s Balance with respect to the Trade Receivables, Trade & Other Payables, Loans & advances are subject to confirmation/reconciliation. In the opinion of management, the same are receivable/ payable as stated in the books of accounts. Hence, no effect on the profitability due to the same for the year under review.

1.27 Previous year''s figure has been regrouped/rearranged whenever necessary to conform to the current years presentation.