2.15 Provisions and Contingencies

A provision is recognised when the Company has a present obligation as a result of past events 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 (excluding retirement benefits) are not discounted to their
present value and are determined based on the best 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 best estimates. Contingent liabilities are disclosed in the Notes.

3.0 Other Statutory Complaiance

As informed to us by the management of the company we submit that,

The Company does not have any Benami property, where any proceeding has been initiated or

a

. pending against the Company for holding any Benami Property.
^b. The Company does not have any transaction with struck off companies

c

The company does not have any undisclosed income

The company does not have any charge or satisfaction which is yet to be registered with ROC beyond
the statutory period ^d.

e. The company has not traded or invested in crypto currency or virtual currency during the financial year

The company has not invested fund to any other person(s) or entities, including foreign

f. entities(Intermediaries) with the understanding that the intermediary shall: Except as reported in
Auditor report and Annexures

a) Directly or indireclty lend or Advance, loan or invested in other persons or entities identified in any
manner whatsoever by or on behalf of the company (Ultimate benificiaries) or

b) Provides any guarantees, Security or the like or on behalf of the Ultimate.

The company have not received any fund from any person(s) or entities Including foreign entities
g (Funding Parties) with the understanding (whether recorded in writing or otherwise) the the company
shall:

a) Directly or indirectly lend or invest in other person or entities indentified in any m manner
whatsoever by or on behalf of the funding parties (ultiimate benficiary)

b) Provides any gurantees. Security or the like or on behalf of the ultimate

The company does not have any such transaction which is not recorded in the books of accounts that
h has been surrendered or disclosed as income during the year in the tax assessment under income tax
act 1961 ( Such as, Search or survey or any other relevant provision of the Income Tax Act, 1961.

j The Company has not done any CSR activities during the year.

As per our report on even date For Omnipotent Industries Limited

For: A R P A N & Associates LLP (formerly known as Omnipotent Industries Private Limited)

(formerly known as A Yadav & Associates LLP)

Chartered Accountants
FRN: 129725W/100686

Mr. Prince Shah Ms. Shampada Shah

Managing Director Director

DIN 06680837 DIN 09288906

CA Arvind K. Yadav, Partner
Mem. No. 047422

Comapany Secretary

Harsh J. Minj

Date:30th May 2024 Place: Mumbai

Place: Vadodara Date: 30/05/2024

UDIN: 24047422BKBTKC9755