Notes to Accounts of Diggi Multitrade Ltd.

Mar 31, 2024

p. Provisions, Contingent Liabilities and Contingent Assets:

Provisions are recognized 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 are liable
estimate can be made. Provisions 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 recognized only when there is a possible obligation arising from past events, not
wholly within the control of the Company, or where any present obligation cannot be measured in terms of
future outflow of resources of, or where reliable estimate cannot be made. Obligations are assessed on going
concern basis and only those having a largely probable outflow of resources are provided for. Contingent
liabilities, if any, are not provided for in the financial statements but are separately shown by way of note.
Contingent assets are neither recognised nor disclosed in the financial statements.

q. Significant Notes:

i. Current Assets, Loans & Advances and Liabilities:

In the opinion of the Board, the value of realization of current assets, loans & advances, if realized in
the ordinary course of the business, shall not be less than the amount, which is stated, in the current
year Balance Sheet. The provision for all known liabilities is reasonable and not in excess of the amount
considered reasonably necessary.

ii. Directors Remuneration:

During the year under consideration, the company has not paid director remuneration to any director.

iii. Disclosure Requirement for Sundry Creditors Covered Under MSME Act, 2006:

As informed by the management, the Company has circulated confirmation for the identification of
suppliers registered under the Micro, Small and Medium Enterprises Development Act, 2006.

The company has disclosed the amounts unpaid, if any as at the yearend together with interest paid/payable
relating to the suppliers from whom confirmation regarding their status under the Micro, Small and Medium
Enterprises Development Act, 2006 is obtained.

21. DEFERRED TAX ASSETS / LIABILITIES

Provision for current tax is made after taking into consideration benefits admissible under the
provisions of Income-tax Act, 1961. Deferred tax resulting from timing difference between book and
taxation profit is accounted for using the tax rates and laws that have been enacted or substantively
enacted on the date of balance sheet. The deferred tax asset and liabilities are recognized and carried
forward only to the extent that there is reasonable certainty that the assets will be realized in future.

Break up of Net Deferred Tax Liability (Assets) into major components is given below:

22. ROUNDING OFF OF FIGURES

Figures have been rounded off to the nearest rupee.

23. SEGMENT REPORTING

The accounting policies adopted for segment reporting are in conformity with the accounting policies
adopted for the Company. Revenue and expenses have been identified to segments on the basis of
their relationship to the operating activities for the segment. Revenue and expenses, which relate to
the Company as a whole and are not allocable to segments on a reasonable basis, have been included
under "Unallocated corporate exnenses/income.

25. Exceptional Items

Exceptional items of Rs. 1.88 lakhs represent the balances written off on account of cessation of
liabilities of i. Director Sitting fees of Rs. 0.25 lakh, ii. Rent Payable of Rs. 1.19 lakh, iii. Director
Remuneration of Rs. 0.41 lakh & iv. Professional Tax of Rs. 0.03 lakh.

27. Undisclosed Income

There are no transactions 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.

28. Corporate Social Responsibility

The company is not covered under section 135 of The Companies Act, 2013.

29. Details of Crypto Currency

Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

30. Additional Regulatory Information

i. Registration of Charges:

There are no charges or satisfaction yet to be registered with ROC beyond the statutory period.

ii. Compliance with Number of Layers of Companies:

Since the Company does not have any holding/ subsidiary, thus the clause is not applicable.

iii. Relationship with Struck off Companies:

There are no transactions and balance outstanding to and from any struck off companies as on the

balance sheet date.

iv. Willful Defaulter:

Company is not declared willful defaulter by any bank or financial Institution or other lender.

v. Compliance with approved Scheme(s) of Arrangements:

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections

230 to 237 of the Companies Act, 2013.

vi. Utilization of Borrowed funds and share premium:

a. Company has not advanced or loaned or invested funds (either borrowed funds 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 (whether recorded in writing or otherwise) 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 the company.

b. Company has not received any fund from any person(s) or entity(ies), including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) 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 on behalf of the Ultimate Beneficiaries.

Reason for Variance

For, S K Jha & Co. For and on behalf of Board of Directors

Chartered Accountants Diggi Multitrade Limited

FRN: 126173W

Anit Patni Shruti Ramanuj Vinita Ohja

Nikhil Makhija Managing Director CFO/Director Company secretary

Partner DIN: 06597013 BIEPA7652K

M.No.: 176178 AMPPT8721J

Date: 27.05.2024
Place: Ahmedabad