k. Cash and Cash Equivalents

For the purpose of presentation in the Statement of Cash Flows, Cash and Cash Equivalents includes
cash in hand, cheques/drafts in hand, demand deposits with banks, short term balances, highly liquid
investments that are readily convertible into known amounts of cash and which are subject to
insignificant risk of changes in value. Book overdrafts are shown within Other Financial Liabilities in
the Balance Sheet and form part of Cash and Cash Equivalents in the Cash Flow Statement.

l. Income Tax

Income tax expense represents the sum of the current tax and deferred tax.

Current tax charge is based on taxable profit for the year. Taxable profit differs from profit as reported
in the Statement of Profit and Loss because some items of income or expense are taxable or deductible
in different years or may never be taxable or deductible. The Company's liability for current tax is
calculated using Indian tax rates and laws that have been enacted by the reporting date. Current tax

assets and liabilities are offset when there is a legally enforceable right to set off current tax assets
against current tax liabilities and when they relate to income taxes levied by the same taxation
authority. The Company periodically evaluates positions taken in the tax returns with respect to
situations in which applicable tax regulations are subject to interpretation and establishes provisions
where appropriate.

Deferred tax is the tax arising from temporary differences between the carrying amounts of assets and
liabilities in the Balance Sheet and the corresponding tax bases used in the computation of taxable
profit. Deferred tax liabilities are generally recognised for all taxable temporary differences and
deferred tax assets are recognised to the extent that it is probable that taxable profits will be available
against which deductible temporary differences can be utilised. Deferred tax is calculated at the tax
rates that are expected to apply in the period when the liability is settled or the asset realised, based on
tax rates that have been enacted or substantively enacted by the reporting date.

Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items
recognised in Other Comprehensive Income or directly in equity. In this case the tax is also recognised
in Other Comprehensive Income or directly in equity respectively.

m. Retirement Benefits:

Currently there is no employee in the company who has been working for more than 5 years in
continuous service, hence there is no provision required for gratuity.

n. Earnings Per Share

Basic earnings per Share is calculated by dividing the profit for the period attributable to the owners of
Company by the weighted average number of equity shares outstanding during the period. The
weighted average number of equity shares outstanding during the period and for all periods presented
is adjusted for events, such as bonus shares, other than the conversion of potential equity shares that
have changed the number of equity shares outstanding without a corresponding change in resources.
For the purposes of calculating diluted earnings per share the profit for the period attributable to the
owners of the Company and the weighted average number of shares outstanding during the period is
adjusted for the effects of all dilutive potential equity shares.

o. Exceptional Items

When items of income or expense are of such nature, size and incidence that their disclosure is
necessary to explain the performance of the Company for the year, the Company makes a disclosure
of the nature and amount of such items separately under the head "Exceptional Items."

p. Segment Reporting

This clause is not applicable to the company.

(b) Terms/rights attached to equity shares:

The company has only one class of equity shares, having a par value of Rs.10/- per share. Each shareholder is eligible to one vote per share.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company in proportion to the number
of equity shares held by the shareholders, after distribution of all preferential amounts.

The Company applies principles outlined in IND AS for accounting treatment of forfeitures. The company has forfieted 74200 shares due to non-receipt of call money.

This disclosure ensures transparency regarding the company's treatment of forfeitures under Ind AS, providing stakeholders with insights into the impact of forfeitures on
the financial position in the balance sheet.

Further all the relevant compliance has dually complied with as per companies act,2013 regarding forfeiture of share.

25 Financial Instruments

Financial risk management objectives and policies

In its ordinary operations, the companies activities expose it to the various types of risks, which are associated with the financial instruments and markets in which it operates. The company has
a risk management policy which covers the foreign exchanges risks and other risks associated with the financial assets and liabilities such as interest rate risks and credit risks. The risk
management policy is approved by the board of directors. The following is the summary of the main risks:

a) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates (currency risk) and interest rates (interest rate risk), will affect the companies income or value of it's holding
of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

Interest rate risk

Interest rate risk is the risk the fair value or future cash flow of a financial instrument will fluctuate because of changes in market interest rate. Fair value interest rate risk is the risk of changes
in fair value of fixed interest bearing financial instrument because of fluctuations in the interest rates. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing
financial instrument will fluctuate because of fluctuations in the interest rates.

For and on behalf of Board of Directors of

As per our report of even date. M/S AGARWAL FORTUNE INDIA LIMITED ?

For Jethani and Associates

Chartered Accountants
FRN:010749C

Sd/-

Mahesh Kumar Agarwal Sharda Agarwal

Sd/- Managing Director Director

UMESH KR. JETHANI DIN : 02806108 DIN : 09520743

Partner

Membership No.400485

Sd/- Sd/-

Place : Jaipur ANKIT GUPTA ADITI PARMAR

Date : 24.05.2024 Chief Financial Officer Company Secretary

UDIN: 24400485BKACJC7782 Membership No.:A37301