Notes to Accounts of Transwind Infrastructures Ltd.

Mar 31, 2024

p. Provision, Contingent Liabilities and Contingent Assets:

A provision is recognized when there is a present obligation as a result of past event and it is probable that an outflow of resources
will be required to settle the obligation, in respect of which a reliable estimate can be made.

A disclosure for a contingent liability is made when there is a possible or present obligation that may, but probably will not require
an outflow of resources.

Contingent Assets are neither recognized nor disclosed in the financial statements.

q. Goods and Service Tax (GST):

GST credit on materials purchased for production / service availed for production / input service are taken into account at the time
of purchase GST credit on purchase of capital items wherever applicable are taken into account as and when the assets are
acquired.

The GST credits so taken are utilized for payment of liability on goods sold or service provided. The unutilized GST credit is carried
forward in the books.

r. Accounting policies not specifically referred to otherwise are consistent with generally accepted accounting principles..

¹ Current ratio decreased due to increase in current liabilities.

² Debt equity ratio reduced due to repayment of term loan.

³ Debt service coverage ratio improved due to reduction in long term borrowing.

⁴ T rade receivable turnover ratio decreased due to increase in trade receivables.

5 T rade payable turnover ratio decreased due to increase in trade payables.

6 Net Capital turnover ratio decreased due to decrease in turnover.

₇ Net Profit ratio Increased due to increase in margin.

K. Borrowing costs attributable to the acquisition or construction of Qualifying Assets amounting to Rs. Nil (P.Y. Rs. Nil).

L. In the opinion of Board of Directors, Current Assets, Loans and Advances are approximately of the same value at
which these are stated in the Balance Sheet, if realized in the ordinary course of business.

M. The Company''s operations predominantly consist of one segment i.e. the business of Construction Activities and all
other activities surrounded with main business of the Company. During the year under report, all amount of the
Company''s business has been carried out in India. The conditions prevailing in India being uniformed, no separate
geographical disclosures are considered necessary.

N. Some of the balances of Debtors, Creditors, Advances and Liabilities have been taken as per books, are subject to
reconciliation/confirmation and consequential adjustments, if any.

O. Previous year''s figures have been regrouped and rearranged wherever necessary, to make them comparable with
those of current year.

As per our report of even date attached herewith

For, Gattani & Associates For, Transwind Infrastructures Ltd.

Chartered Accountants

(Firm Regd. No. 103097W) Sd/- Sd/-

Pankaj Kumar Dubey Nishant M Pandey

Harish Kumar Maheshwari Whole-Time Director Whole-Time Director

Partner (DIN : 07787184) (DIN :01915127)

M. No. 074113
May 30, 2024

Ahmedabad Sd/- Sd/-

UDIN: 24074113BKEGIJ9732 Seema Luniya Ajay Kumar Singh

Company Secretary Chief Financial Officer

(M. No.66856)