n. Provisions and contingent liabilities
Provisions

Provisions are recognized when there is a present legal or constructive obligation as a result of a past events, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and there is a reliable estimate of the

Contingencies

Contingent liabilities are disclosed in the Notes to the financial statements. Contingent liabilities are
disclosed for :-

- 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 the obligation or a reliable estimate of the amount cannot be made.

Contingent Liabilities ;HDFC Bank ltd had given Guarantee of Rs 2.5 Crore to Xiaomi Technology India Private Limited on behalf
the company against Hypothecation of Stock & Book Debts of the Company and Lien Mark of Fixed Deposit.

Sensitivity Analysis Gratuity Plan

Sensitivity Analysis: Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate and
expected salary increase rate. Effect of change in mortality rate is negligible. Please note that the sensitivity analysis presented
below may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumption
would occur in isolation of one another as some of the assumptions may be correlated. The results of sensitivity analysis are given
below:

OTHER REGULATORY NOTES

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 does not have any transactions with companies struck off.

c. The Company has registered charges or satisfaction which are in the name of company with ROC within statutory period.

d. The company have not traded or invest in Crypto currency or Virtual currency during the financial year.

e. The company have not advanced or given loan or invested fund (either borrowed fund or share premium or any other sources

or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the
Intermediary shall:

(i) 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

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

f. 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 otherewise) that the company shall:

(i) 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

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

g. The company does not have any such tranasaction which is not recorded in the books of accounts that has been surrendered
or discloused as income during the year in the tax assessment under the Income Tax Act, 1961 (such as, search or survey or
any other relevent provisions of the Income Tax Act, 1961)

h. The company has not been declared as Wilful defaulter by the Banks, Financial institution or other lenders.

i. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013
read with Companies (Restriction on number of Layers) Rules, 2017.

j. The Company does not has any immovable property (other than properties where the Company is the lessee and the lease
agreements are duly executed in favour of the lessee), whose title deeds are not held in the name of company.

k. The Company does not has revalued its Property, Plant & Equipments (including Right-of-use Assets) and intangible assets
during the year.

l. The Company has not granted any loan or advances in nature of loans to directors, promoters, KMPs, and the Related Parties
during the year either jointly or severally whether repayable on demand or without specifying any terms or period.

m. The Quarterly return or statements (Stock Statement) of current assets filed by the company with banks or financial institutions
are in agreement with the books of accounts.