Notes to Accounts of Anna Infrastructures Ltd.

Mar 31, 2024

ICDS X - Provisions, Contingent Liabilities and Contingent Assets

Provisions involving a substantial degree of estimation in measurement are recognized when there is a present
obligation as a result of past events and it is reasonably certain that there will be an outflow of resources. A provision
is not discounted to its present value and is determined based on the last estimate required to settle an obligation at the
year end. These are reviewed every year end and adjusted to reflect the best current estimates. Contingent Liabilities
are not recognized.

1.13 RISK MANAGEMENT FRAMEWORK

A wide range of risks may affect the company’s business and operational or financial performance. The risks that
could have significant influence on the company are credit Risk, Liquidity & Funding Risk, Market Risk and
Operational Risk. The management has a process to identify and analyze the risks faced by the company, to set
appropriate risk limits and to control and to monitor risks and adherence to these limits. The risk management
framework aims to:

I create a stable business planning environment by reducing the impact of interest rate fluctuations on the company’s
business plan.

II achieve greater predictability to earnings by determining the financial value of the expected earnings in advance.

A) CREDIT RISK

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to
meet its contractual obligations, and arises principally from the trade and other receivables, cash and cash equivalents
and other bank balances.

It is measured as the amount at risk due to repayment default by customers or counterparties to the company. Various
metrics such as instalment default rate, overdue position, instalment moratorium, restructuring, one-time resolution
plan, debt management efficiency, credit bureau information etc. are used as leading indicators to assess credit risk.

It is monitored using level of credit exposures, portfolio monitoring, and contribution of repeat customers, bureau
data, and concentration risk of geography, customer and portfolio; and assessment of any major change in the business
environment including economic, political as well as natural calamity/pandemic.

It is managed by a robust control framework by the risk and debt management unit. This is achieved by continuously
aligning credit and debt management policies and resourcing, obtaining external data from credit bureaus and reviews
of portfolios and delinquencies by senior and middle management team comprising of risk, analytics, debt
management and risk containment along with business.

(a) Loans, Trade & Other Receivables

Credit risk from loans, trade & other receivables is managed by establishing credit limits, credit approvals and
monitoring creditworthiness of the customers. Outstanding customer receivables are regularly monitored. The
ageing of loans & trade receivables is as follows:

(b) Cash & Cash Equivalents & Other Bank Balances

The Company holds cash and cash equivalents and other bank balances of Rs.42.19 Lakhs at 31st March 2024.
The credit worthiness of such banks and financial institutions is evaluated by the management on an ongoing
basis and is considered to be good.

B) LIQUIDITY & FUNDING RISK

Liquidity risk is the risk that the company will encounter difficulty in meeting the obligations associated with its
financial liabilities that are settled by delivering cash or another financial asset.

Funding risk arises from:

• Inability to raise incremental borrowings and deposits to fund business requirement or repayment
obligations

• When long term assets cannot be funded at the expected term resulting in cash flow mismatches

• Amidst volatile market conditions impacting sourcing of funds from banks and money markets

It is measured by:

• Identification of gaps in the structural and dynamic liquidity statements.

• Assessment of incremental borrowings required for meeting the repayment obligation, the company’s
business plan and prevailing market conditions.

• Liquidity coverage ratio (LCR) in accordance with guidelines.

The Company does not have any kind of Liquidity and Funding Risk as on 31.03.2024.

C) MARKET RISK

Market risk is the risk of loss of future earnings, fair values of future cash flows that may result from adverse changes
in market rates and prices or in the price of market risk-sensitive instruments a a result of such adverse changes in
market rates & prices. Market risk comprises Currency Risk, Interest Risk & Price Risk.

It is measured using changes in equity prices, and sensitivities like Value at Risk (‘VAR’) basis point value (PV01),
modified duration analysis and other measures to determine movements in our portfolios and impact on our income,
including the sensitivity of net interest income. Market risks for the company encompass exposures to equity
investments, Interest rate risks on investment portfolios as well as the floating rate assets and liabilities with differing
maturities.

It is monitored by assessments of fluctuation in the equity price, interest rate sensitivities under simulated stress test
scenarios given range of probable interest rate movements on both fixed and floating assets and liabilities.

It is managed by the company’s treasury team under the guidance of Board.

(a) Currency Risk

The Company’s operations are only in India which results in no foreign currency risk exposure.

(b) Interest Risk

Interest rate risk is the risk that the fair value of future cash flow of a financial instrument will fluctuate because
of changes in market interest rates. The Company is exposed to interest rate risk through the impact of rate changes
on interest-bearing liabilities and assets. The company manages its interest rate risk by monitoring the movements
in the market interest rates closely.

(c) Price Risk

The company is exposed to equity price risk arising from investments held by the company. To manage its price
risk arising from investment in equity securities, the company diversifies its portfolio. Diversification of the
portfolio is done in accordance with the limits set by the company. However, the company has very little
investment in equity market.

D) OPERATIONAL RISK

Operational risk is the risk arising from inadequate or failed internal processes, people or systems, or from external
events. The company manages operational risks through comprehensive internal control systems and procedures laid
down around various key activities in the company viz. loan acquisition, customer services, IT operations, fiance
function etc. Internal Audit also conducts a detailed review of all functions at least once a year, this helps to identify
process gaps on timely basis. Further IT and Operations have a dedicated compliance and control units within the
function who on continuous basis review internal processes. This enables the management to evaluate key areas of
operational risks and the process to adequately mitigate them on an ongoing basis.

The Company has put in place a robust disaster recovery (DR) plan and business continuity plan (BCP) to ensure
continuity of operations including services to customers, if any eventuality is to happen such as natural disasters,
technological outage etc. Robust periodic testing is carried, and results are analyzed to address gaps in the framework,
if any.

1.14 Confirming of various debit and credit balances, loans and advances given and other liabilities etc. have not been
received in some cases, which may have a revenue impact.

1.15 TAXATION

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

Current Tax:

The tax currently payable is based on taxable profit under the Income Tax Act for the year. The Companies current
tax is calculated using tax rates that have been enacted by the end of the reporting period.

Deferred Tax:

Deferred tax expense or benefit is recognized on timing difference between taxable income and accounting income
that originates in one period and are capable of reversal in one or more subsequent periods.

1.16 DIVIDENTS

The final dividend on shares is recorded as a liability on the date of approval by shareholders and interim dividend are
recorded as liability on the date of declaration by the Company’s Board of directors.

However, during the financial year, the company has not declare any dividend.

1.17 EARNIG PER SHARE

Basic earnings per share is computed by dividing the Profit/ (loss) after tax (including the post - tax effect of
extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. Diluted
earnings per share is computed by dividing the profit/ (loss) after tax (including the post - tax effect of extraordinary
items, if any) by the weighted average number of equity shares considered for deriving basic earnings per share since
the company have not issued any securities which can be potential equity shares.

Company has not convertible securities which can be converted to stock, hence working for basic EPS and diluted
EPS are same.

1.22 OTHER STATUTORY INFORMATION

(i) Company does not have any benami property, where any proceeding has been initiated or pending against
the company for holding any benami property.

(ii) The Company has not traded or invested in Crypto currency or virtual currency during the financial year.

(iii) The company has not advanced or loaned funds to any person or entities, including foreign entities
(Intermediaries) with the understanding that the intermediary shall:

(a) 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

(b) Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries other than in the
ordinary course of the business.

(iv) The Company has not received any funds from any person or entities, including foreign entities other than
those disclosed above with the understanding that the company shall:

(a) 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

(b) Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

(v) The company does not have any transactions which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961
(such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(vi) The company has no transactions with stuck off companies during the year.

(vii) Term loans were applied for the purpose they were obtained. Further, short term loans availed have not been
utilized for long term purposes by the company.

(viii) The Company has not been declared as wilful defaulters by any bank or financial institutions of government
of any government authority.

1.23 Figures have been rounded to nearest Lacs Rupee.

Ashok Mittal Anil Kumar Agarwal Rakesh Kumar Mittal

Chairman Whole Time Director Director

Place: Agra Kusum Singhal Deepa Poptani Ayesha Jain Mahajan

Date: 29^th May, 2024 Director CFO Company Secretary

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Mar 31, 2015

NOTE 1. BEING PART OF NOTES ON ACCOUNTS EARNING PER SHARES

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares considered for deriving basic earnings per share since the company have not issued any securities which can be potential equity shares.

NOTE 2. BEING PART OF NOTES ON ACCOUNTS

Particulars of employees who are in receipt of Rs. 60,00,000 per annum when employed throughout the financial year or Rs. 5,00,000 per month when employed for the part of year : Nil (2013-14 : Nil).

As none of the employee is covered by the eligibility criteria hence no provision for the retirement benefit has been made.

NOTE 3. BEING PART OF NOTES ON ACOUNTS

There has been no prior period or extra ordinary item of income or expenditure which has been entered in the books of accounts during the year.

NOTE 4. BEING PART OF NOTES ON ACOUNTS

Current income tax expense comprises taxes in income from operation for the period. Income tax payable is determined in accordance with the Income Tax Act, 1961.

Deferred Tax expense or benefit is recognized on timing difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

Deferred tax asset and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

NOTE 5. BEING PART OF NOTES ON ACOUNTS

In accordance with Accounting Standard 22 " Accounting for Taxes on Incomes" notified under the Companies Act, 2013 by the Central Government, the timing difference have resulted in net deferred tax Asset of Rs 1,88,063/- as the year end 31st March, 2015.

NOTE 6. BEING PART OF NOTES ON ACOUNTS

The Company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 2013. Accordingly, the Company has compiled with the Accounting Standards as applicable to a Small and Medium-Sized Company.

NOTE 7. BEING PART OF NOTES ON ACOUNTS

The Company has not received any intimation from "suppliers" regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence, the following disclosures under the said Act have been shown as Nil.

NOTE 8. BEING PART OF NOTES ON ACOUNTS

Related Party disclosures, as required in terms of Accounting Standard (AS) 18 are given below :

Relationships :

A) Individuals having voting power with control or significant influence :

i) Shri Amit Mittal ii) Shri Rakesh Kumar Mittal iii) Shri Ashok Kumar Mittal iv) Shri Anil Kumar Agarwal

B) Relatives of Key Management Personnel, where transaction have taken place :

i) NIL

C) Associate Companies owned by Directors or Major Shareholders :

i) NIL Note : Related party relationships are as identified by the Company and relied upon by the Auditors.

NOTE 9. BEING PART OF NOTES ON ACOUNTS

Preliminary Expenses are being written off over a period of five years.

NOTE 10. BEING PART OF NOTES ON ACOUNTS

Provision, Contingent Liabilities & Contingent Assets :

Estimated amounts of contract to be executed and not provided for as on 31st March 2015 is: Nil (2013-14: Nil) In the opinion of the Board, the assets other than fixed assets and noncurrent investments are approximately of the same value stated, if realized in the ordinary course of business.

NOTE 11. BEING PART OF NOTES ON ACOUNTS

- Earnings in foreign currency Rs. Nil (2013-14 : Nil)

- Expenditure in foreign currency Rs. Nil (2013-14: Nil)

NOTE 12. BEING PART OF NOTES ON ACOUNTS

Previous year's figures have been regrouped wherever necessary. The company has compiled the above accounts based on the revised/Modified schedule III applicable for the accounting period 2014-2015.

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Mar 31, 2014

1. The company has only one class of shares referred to as equity shares having a par value of Rs. 10/-. Each holder of one equity share is entitled to one vote per share.

In the event of liquidation of the Company, the holders of the shares shall be entitled to receive any of the remaining assets of the Company, after distribution of all prefrential amounts. However, no such preferential amounts exist currently. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

Note 2 : Being part of Notes on Accounts

Earning Per Share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinaryitems, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit / (loss) aftertax (including the post tax effect of extraordinaryitems, if any) by the weighted averagenumber of equity shares considered for deriving basic earnings per share since the company have not issued any securities which can be potential equity shares.

Note 3 : Being part of Notes on Accounts

* Particulars of employeeswho are in receipt of Rs. 60,00,000 per annum when employed throughout the financial year or Rs. 5,00,000 per month when employed for the part of year: Nil (2011-12 : Nil).

* As none of the employeeis covered by the eligibility criteria hence no provision for the retirement benefit has been made.

Note 4 : Being part of Notes on Accounts

There has been no prior period or extraordinaryitem of income or expenditure which has been entered in the books of accounts during the year.

* Current income tax expensecomprises taxes in income from operationfor the period. Income tax payable is determined in accordance with the Income Tax Act, 1961.

* Deferred Tax expense or benefit is recognised on timing difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

* Deferred tax asset and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

Note 6 : Being part of Notes on Accounts

In accordance with Accounting Standard 22 " Accounting for Taxes on Incomes" notified under the Companies Act, 1956 by the Central Government, the timing difference have resulted in net deferred tax Asset of Rs 1,38,689/- as the year end 31st March, 2014.

Note 7 : Being part of Notes on Accounts

The Company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has compiled with the Accounting Standards as applicable to a Small and Medium-Sized Company.

Note 8 : Being part of Notes on Accounts

Related Party disclosures, as required in terms of Accounting Standard (AS) 18 are given below :

Relationships :

a) Individuals having voting power with control or significant influence :

i) Shri Amit Mittal

ii) Shri Rakesh Kumar Mittal

iii) Shri Ashok Kumar Mittal

iv) Shri Anil Kumar Agarwal

B) Relatives of Key Management Personnel, where transaction have taken place :

i) NIL

C) Associate Companies owned by Directors or Major Shareholders :

i) NIL

Note : Related party relationships are as identified by the Company and relied upon by the Auditors.

Note 9 : Being part of Notes on Accounts

Preliminary Expenses are being written off over a period of five years.

Note 10 : Being part of Notes on Accounts

Provision. Contingent Liabilities & Contingent Assets :

Estimated amounts of contract to be executed and not provided for as on 31st March 2014 is: Nil (2012-13 In the opinion of the Board, the assets other than fixed assets and non current investments are approximately of the same value stated, if realised in the ordinary cource of business

Note 11 : Being part of Notes on Accounts

Earnings in foreign currency Rs. Nil (2012-13 : Nil)

Expenditure in foreign currency Rs. Nil (2012-13 : Nil)

Note 12 : Being part of Notes on Accounts

Previous year''s figures have been regrouped wherever necessary.

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Mar 31, 2013

Note 1 : Being part of Notes on Accounts

- Current income tax expense comprises taxes in income from operation for the period. Income tax payable is determined in accordance with the Income Tax Act, 1961.

- Deferred Tax expense or benefit is recognised on timing difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

- Deferred tax asset and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

Note 2 : Being part of Notes on Accounts

In accordance with Accounting Standard 22 " Accounting for Taxes on Incomes" notified under the Companies Act, 1956 by the Central Government, the timing difference have resulted in net deferred tax Asset of Rs. 94,026 as the year end 31st March, 2013.

Note 3 : Being part of Notes on Accounts

The Company is a Small and Medium-sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has compiled with the Accountino. Standards as applicable to a Small and Medium-Sized Company.

Note 4 : Being part of Notes on Accounts

The Company has not received any intimation from "suppliers" regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence, the following disclosures under the said Act have been

Note 5 : Being part of Notes on Accounts

Related Party disclosures, as required in terms of Accounting Standard (AS) 18 are given below :

Relationships :

a) Individuals having voting power with control or significant influence :

i) Shri Amit Mittal

ii) Shri Rakesh Kumar Mittal iii) Shri Ashok Kumar Mittal iv) Shri Anil Kumar Agarwal

B) Relatives of Key Management Personnel, where transaction have taken place : i) NIL

C) Associate Companies owned by Directors or Major Shareholders : i) Nil- Note : Related party relationships are as identified by the Company and relied upon by the Auditors.

Note 6 : Being part of Notes on Accounts

Preliminary Expenses are being written off over a period of five years.

Note 7 : Being part of Notes on Accounts

Provision. Contingent Liabilities & Contingent Assets :

Estimated amounts of contract to be executed and not provided for as on 31st March 2013 is : Nil (2011-12 :

In the opinion of the Board, the assets other than fixed assets and non current investments are approximately of the same value stated, if realised in the ordinary cource of business

Note 8 : Being part of Notes on Accounts

Earnings in foreign currency Rs. Nil (2011-12 : Nil) Expenditure in foreign currency Rs. Nil (2011-12 : Nil)

Note 9 : Being part of Notes on Accounts

Previous year''s figures have been regrouped wherever necessary.

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Mar 31, 2012

1. Confirmation of various debit and credit balances, loans and advances given and other liabilities etc. have not been received in some cases, which may have a revenue impact.

The Company is of the opinion that the computation of the net profit under section349 of the Companies Act 1956 is not necessary as no commission is paid/payable to the Directors for the year ended 31.03.2012.

2. Under Real Estate Division of the Company, the sale and booking is in progress in the following projects:

Plots in Ikon city Project Plots in Ikon Greens Project Plots in Ikon Vatica Project Shops in Anna Complex Shops in Anna Ikon

The Company has booked the Income @ 15% on sales/Bookings of Plots and 20% on sales/bookings of Shops, Flats, and balance of Profit & Loss of particular project accounted in that year in which the entire sale of said project will be completed.

3. Segment Information Composition of Business segment

The Company's business divided into two segment as

I. Real Estate Business

II. Loan and Investment

Normally there is no inter segment transactions in the company.

As at 31.03.2012 seqment revenues, result and other information

4. Related Party Disclosure

Related Party Disclosure, as required by AS-18 are given below :

(a) Whole Time Directors of the Company Shri Ashok Mittal Shri Rakesh Mittal Shri Anil Kumar Agarwal

The following transactions were carried out with the related parties in the ordinary curse of business.

(i) Remuneration to the Persons referred to in 8(a) above 3,38,000/-

(ii) Loan to Director other than 8(a) above Nil

5. As of March 31, 2012, the Company had no outstanding dues to small-scale industrial undertakings (Previous year: Rs. NIL).

6. Previous Year figures have been Regrouped/Restated wherever deemed necessary to make them comparable with those of the current year.

7. Figures have been rounded off to the nearest rupee.

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Mar 31, 2010

1. Confirmation of various debit and credit balances, loans and advances given and other liabilities etc. have not been received in some cases, which may have a revenue impact.

The Company is of the opinion that the computation of the net profit under section349 of the Companies Act 1956 is not necessary as no commission is paid/payable to the Directors for the year ended 31.03.2010.

2. As the company has surrendered its RBI Registration and according to Prudential Norms of the Reserve Bank of India there is no fresh NPA provision during the year:

Net Provision as on 31.03.2010 : Rs. 5,74,689/- (Previous Year: Rs. 5,74,669/-).

3. Under Real Estate Division of the Company, the sale and booking is in progress in the following projects : Plots in Ikon Residency Project

Plots in Ikon city Project

Plots in Ikon Greens Project

Plots in Ikon Vatica Project

Land in Kalal Kheria Project

Shops in Anna Complex

Shops in Anna Ikon and

Flats at Shivalik Residency The Company has booked the Income @ 15% on sales/Bookings of Plots and 20% on sales/bookings of Shops, Flats, and balance of Profit & Loss of particular project accounted in that year in which the entire sale of said project will be completed.

4. Segment Information

Composition of Business segment

The Companys business divided into two segment as

I. Real Estate Business

II. Loan and Investment

Normally there is no inter segment transactions in the company. As at 31.03.2010 segment revenues, result and other information

5. (a) Loans & Advances of Rs. Nil (Previous Year Rs. NIL) given to Directors of the Company. Maximum amount due during the year Rs. Nil (Previous Year: Rs. NIL).

(b)The amount due from Companies under the same management as defined in section (1-B) of Section 370 of the Companies Act 1956 are Rs. Nil (Previous Year: Rs. NIL), maximum amount due during the year: Rs. NIL (Previous Year: Rs. NIL).

6. Related Party Disclosure

Related Party Disclosure, as required by AS-18 are given below : (a) Whole Time Directors of the Company Shri Ashok Mittal Shri Rakesh Mittal Shri Anil Kumar Agarwal The following transactions were carried out with the related parties in the ordinary curse of business.

As on 31.03.2010 (i) Remuneration to the Persons referred to in 8(a) above 2,88,000/-

(ii) Loan to Director other than 8(a) above Nil

7. As of March 31, 2010, the Company had no outstanding dues to small-scale industrial undertakings (Previous year: Rs. NIL).

8. Previous Year figures have been Regrouped/Restated wherever deemed necessary to make them comparable with those of the current year.

9. Figures have been rounded off to the nearest rupee.