Notes to Accounts of Kontor Space Ltd.

Mar 31, 2024

Note 17	CONTINGENT LIABILITIES AND COMMITMENTS Disclosure pursuant to Note no. 6(T1 ot Part 1 ot Schedule III to the Companies Act, 2013
	Particulars	Figures as at the end of Current Reporting Period		Figures as at the end of Previous Reporting Period
		in Rs.	in Rs.	in Rs.	in Rs.
	A. Contingent Liabilities (1) Claims against the company not acknowledged as (2) Guarantees (3) Other money tor which the company is contingently liable	Jebt
	Subtotal (A)
	B. Commitments (1) Estimated amount of contracts remaining to be executed on capital account and not provided for (2) Uncalled liability on shares and other investments Dartlv Daid 13) Other commitments fsDecifv nature)	-
	Sub Total (B)_		-
	Total Contingent Liabilities and Commitments (A B)		•		•

Other notes Rs.ln Lakhs

23 In the opinion of the Board, the Current Assets, Loans and Advances have a value of realisation under ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet and the provision for all known liabilities have been made and the same is not in excess of the amount reasonably necessary.

28 The previous year’s figures are regrouped / rearranged / reclassified wherever considered necessary to correspond with the figures of current year.

29 Provision for interest is not made as per provisions of MSME Act. As management has informed to us that interest component is included in the rate charged for long duration as compared with MSME period of payment.

31 MSME details were given as per information provided by the management.

32 Other information pursuant to General Instructions for preparation of Balance Sheet and Statement of Profit & Loss of Schedule III to the Companies Act, 2013 is not applicable.

33 As per Management Representation no proceedings have been initiated or pending against the company and company does not holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

34 As confirmed by the management and as per certificate issued by Union bank of India, the company is not categorized as will full defaulter.

36 Following are the charge pending to be registered with the Registrar of Companies beyond the Statutory period.

Loan from Aditya Birla Finance Limited of Rs.5,03,00,000/- on 4th August 2022 disbursed is not registered with ROC

37

As per Management representation, compliance with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable.

38 During the year the 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 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 provide any

39 During the year the company has not received any fund from any persons (s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

40 There were no such transactions reported in the books of accounts which have 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) due to non recording of transactions. The previously unrecorded income has been properly recorded in the books of account during the year.

41 As per management representation the company is not covered under section 135 of the companies act i.e. disclosure with regards to CSR activities.

42 As per management representation the company has not traded or invested in Crypto currency or Virtual Currency during the

45 Other information pursuant to General Instructions for preparation of Balance Sheet and Profit & Loss Account of Schedule III to the Companies Act, 2013 is not applicable.