అకౌంట్స్ గమనికలుBlack Opal Consultants Ltd.

Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognized when the Company has a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow of resources embodying economic benefits
will be required to settle the obligation, and a reliable estimate of the amount can be made.
Provisions are measured based on the best estimate of the expenditure required to settle the
obligation as at the Balance Sheet date. They are not discounted to their present value and are
reviewed at each Balance Sheet date and adjusted to reflect the current best estimate.

A contingent liability 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 is not recognized
because it is not probable that an outflow of resources will be required to settle the obligation or
the amount of the obligation cannot be measured reliably. Contingent liabilities are not
recognized in the financial statements but are disclosed in the notes to the financial statements,
unless the possibility of an outflow of resources is remote.

Contingent assets are not recognized in the financial statements. However, where the inflow of
economic benefits is probable, they are disclosed in the notes to the financial statements and are
recognized only when the realization of income is virtually certain.

All known liabilities, wherever material, are provided for. Liabilities that are material and whose
future outcome cannot be determined with reasonable certainty are treated as contingent
liabilities and disclosed in the notes to the financial statements.

4.1 During the year, the Company allotted 75,05,271 equity shares of ^10/- each as fully paid-up bonus shares
in the ratio of 9:1 on 04th August, 2025, by capitalisation of reserves aggregating ^7,50,52,710/-. In accordance
with Section 63(1) read with Section 52(2)(a) of the Companies Act, 2013, the said amount has been
appropriated directly from the Securities Premium Account (^2,07,83,438/-) and the Surplus in the Statement of
Profit and Loss (^5,42,69,272/-). Consequent to the said utilisation, the balance in the Securities Premium
Account stands fully utilised as at 3ls1 March, 2026.

4.2 No Capital Redemption Reserve has been created in respect of the aforesaid bonus issue. A Capital
Redemption Reserve is required to be created under Section 69 of the Companies Act, 2013 only on the buy¬
back of shares or on the redemption of preference shares out of profits, and not on the issue of bonus shares.

ii) In the opinion of the management, the current assets, loans, and advances have a realizable value, in the ordinary course of business, at least equal to
the amount at which they are stated, except where oth“rwi.,e indicated

iii) Pursuant to the enactment of Companies Act 2013, the company has applied the estimated useful lives as specified in Schedule II, except in respect of
certain assets as disclosed in Accounting Policy on Depreciation, Amortisation and Depletion.

iv) The balances of certain Trade Receivables, Trade Payables, loans and advances are subject to confirmation from the respective parties. The
management does not expect any material adjustments upon receipt of such confirmations and reconciliation thereof.

v) Gra_tuity And Other Post-Employment Benefit Plans:

The Company has recognised its obligations towards gratuity and leave encashment based on actuarial valuation carried out by an independent actuary
as at the reporting date. The liability has been recognised in the financial statements in accordance with the applicable accounting standards.

vi) Related Party Disclosures:

In accordance with the Accounting Standards (AS-18) on Related Party Disclosures, where :ontrol exists and where kev management oersonnel are able
to exercise significant influence and, where transactions have taken place during the year, alongwith description of relationship as identified are given

below:-

xiv) A During the year 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 guarantee, security orthe
like to or on behalf of the Ultimate Beneficiaries.

xiv) b During the year 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 directly or indirectly lend or invest in oiher
persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or provide any
guarantee, security orthe like on behalf of the Ultimate Beneficiaries.