Notes to Accounts of KMF Builders & Developers Ltd.

Mar 31, 2024

I) Provisions and Contingent Liabilities

Provisions are recognised when the company has a present obiligation(legal or constructive) as a result of a past event
and it is probable that an outflow ofresources embodying economic benefits will berequired to settle the obligation and a
reliable estimate can be made of the amount of the obligation. Provisions are measured at the best estimate of the
expenditure required to settle the present obligation at the Balance Sheet date. If the effect of the time value of money is
material, provisions are determined by discounting the expected future cash flows specific to the liability, using a current
pre-tax rate thatre fleets the curren t market assessm ent of the time value ofmoneyandrisks specific to the obligation. The
unwinding of the discount is recognised as finance cost.

Contingent liabilities are disclosed in the notes to the financial statements 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
whereitiseithernotprobablethatan outflow of resources will berequired to settle the obligation or a reliable estimate of
the amount cannot bemade.

Provisions and Con tin gent Li abilities are reviewed at each Balance Sheet date and adjusted to reflect the best estimates.

j) Investments

KMF not holding any investments in the Name of Hoi ding Company or any of Its Related Parties

k) Segment Information

i) The Company operates in construction ofResidential flats

l) Related Party Disclosures.

m) General

Accounting policies which are not specifically stated are consistantandin consonance with Indian Accounting Standards

2 Retirement Benefit

a) All theEmployees is covered under gratuity scheme. The company has determined the gratuity liability.

b) In case of leave encashment benefits offered to employees, there is no liability for provision of leave encashment
ben efi t at the end of the year.

c) The Company’s total number of employees has not exceeded the stipulation limit of the PF Act., 1952, Hence the
company has not registered under PF Act., 1952

3 Taxation

Income tax expense comprises current tax for the year determined in accordance with the income-tax Act, 1961.

Deferred tax:

Deferred taxation is provided using the liability method in respect of the taxation effect originating from all material
timing differences between the accounting and tax treatment of income and expenditure, which are expected with
reasonable probability to re verse in subsequent periods. The deferred tax charge or credit and the corresponding deferred
tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the balance
sheet date.

Deferred tax assets are recognized only to the extent there is reasonable certainty that the assets can be realized in future;
however, where there is unabsorbed depreciation

or carried forward loss under taxation laws, deferred tax assets are recognized only when there is a virtual certainty of
realization of such assets. Deferred tax assets are reviewed

as at each balance sheet date and written down or, written up to reflect the amount that is reason ably/virtu ally certain (as
thecasemay be) toberealized.

Minimum Alternative Tax:

Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of
adjustment to future income tax liability, is considered as an asset if there is convincing evidence that the Company will
pay normal income tax. Accordingly, MAT is recognised as an asset in the Balance Sheet when it is probable that future
economic benefit associated with it will flow to the Company.

4 Goods and Service Tax Input

GST input credit is accounted for in the books in the period in which the underlying service received is accounted and
when there is no uncertainty in availing/utilizing the credits.

At the year end GST Input underlying in books charged to Direct Expenses.

SEarnings per share

Basic earnings per share has been calculated by dividing the profitZ(loss) attributable to ordinary equity holders by the
weighted average number of ordinary shares outstanding during the year. For the purpose of calculating diluted earning
per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of
shares outstanding during theperiod are adjusted for the effect of all dilutive potential equity shares.

6Income & Expenditure in foreign currency

inflow of foreign Currency:

Amount Received is Nil

Outflow of foreign Currency:

Amount paid in form ofForeign Currency - Nil

7 Previous year’s figures have been re-grouped/re-arranged wherever necessary to make them comparable with
current year’s figures.

For and on behalfofBoardofDirectors As per our report of even date

M/S.KMF Builders and Developers Limited ForBSreenivasaSetty &Co

Chartered Accountants
FirmRegnNo: 009287S

KavitaChadha GorveChadha PriyankaBehl

Director ManagingDirector CompanySecretary

DIN: 03304018 DIN: 06407884 ICSIRegNo:U900

Place: Bangalore CAB Sreenivasa Setty

Date: Proprietor

ICAIRegNo: 205645

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Mar 31, 2015

1. CORPORATE INFORMATION:

Company Background: The Company was incorporated on March 21, 1995 as KMF BUILDERS AND DEVELOPERS LIMITED to carry on business in development and construction of flats.

2 Share Capital

a. Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 5 per share. Each holder of equity shares is entitled to one vote per share. And Board of Directors did not proposed any dividend for current financial year. (Previous Year equity shares par value is Rs 5 per share)

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

3. Contingent liabilities and commitments (to the extent not provided for)

Contingent liabilities Nil Nil

Commitments Nil Nil

4. Related party transactions Details of related parties:

Description of relationship Names of related parties

Key Management Personnel (KMP)

Mr. Gorve Chadha Managing Director

Mr. Pradeep Kumar Malik Whole Time Director

Mr. Shyam Sunder Mittra Director

Mr.Anil Rishiraj Director

Mrs. Kavita Chadha Director

Mr. Ravinder Kumar Sharma Director

Mrs. Megha Bata Company Secretary

Company in which KMP / Relatives of KMP can exercise significant influence nil Note: Related parties have been identified by the Management.

5. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

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Mar 31, 2014

CORPORATE INFORMATION:

Company Background: The Company was incorporated on March 21, 1995 as KMF BUILDERS AND DEVELOPERS LIMITED to carry on business in development and construction of flats.

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Mar 31, 2010

1. Contingent Liabilities Not Provided For in Respect of

Current year Previous year

(Rs) (Rs)

a) Guarantees issued by the Companys Bankers and counter guarantees issued by the Company NIL NIL

4 a) Provision for Income tax and Wealth tax in the accounts for the Financial year ending 31st march, is made on the basis of taxable profits/wealth as defined under the Income Act, 1961 & the Wealth Tax Act respectively.

b) Provision for income tax Rs.20,60,000/-(Previous Year Rs 19,000/- and wealth tax is Nil (Previous year Rs.Nil).

c) Provision for Fringe Benefit Tax is Rs NIL (Previous Year Rs. 61203/-)

5. Derivatives:

The Company has not entered into any derivative contracts during the year under review.

6. Sundry Creditors disclosure - Dues to Micro Small Enterprises -

The Principal amount and the interest due thereon remaining unpaid to any supplier as at March 31, 2010: Rs. NIL

The above information regarding Micro, Small and Medium Enterprises has been determined to the extent such parties have been identified on the basis of information available with the Company.

7. Balance standing to the debit and credit of loans and advances, Banks and other parties are subject to confirmation and reconciliation.

8. In the opinion of the Board the value on realisation of Current Assets, Loans and Advances in the ordinary course of business shall not be less than the amount at which they are stated in the Balance Sheet and provision for known liabilities have made and contingent liabilities disclosed properly.

9. Work- in -progress includes materials issued for construction valued at cost.

10. Related parties transactions:

a) None of related parties having transactions with the company during the year 2009-10 2008-09

i) Associate ii) Associate

M/S. KMF Ltd. M/S KMF Ltd.

M/S. KMF Securities Ltd. M/S KMF Securities Ltd.

M/S. Manu Investment Ltd. M/S Manu Investment Ltd.

ii) Key Management personnel ii) Key Management personnel

Mr. P.K. Malik, Mr. P.K.Malik

(Whole time Director) (Whole time Director)

b) Transactions with related parties during the year ended 31st March, 2009. Transaction Association Key Management personal