అకౌంట్స్ గమనికలుGoel Construction Company Ltd.

2.16 Provisions, Contingent Liabilities, Contingent
Assets and commitments

(a) Provisions:

Provisions are recognised when there is a present
obligation 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 there is
a reliable estimate 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 and are not discounted to its
present value.

(b) Contingent Liabilities:

Contingent liabilities are disclosed 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 where it is either not probable that
an outflow of resources will be required to settle or a
reliable estimate of the amount cannot be made.

(c) Contingent Assets:

Contingent Assets are neither recognised nor
disclosed in the financial statements

2.17 Accounting for Taxes on Income

(a) Current tax

Current tax is measured at the amount expected to
be paid to the tax authorities in accordance with the
provisions of the Income-tax Act, 1961.

(b) Deferred Tax

Deferred tax assets and liabilities are recognised by
computing the tax effect on timing differences which
arise during the year and reverse in the subsequent
periods. Deferred tax assets against unabsorbed
depreciation and carried forward loss under tax
laws, are recognised only to the extent that there is
virtual certainty supported by convincing evidence
that sufficient future taxable income will be available
against which such deferred tax assets can be realised.
Deferred tax assets on other timing differences are
recognised only to the extent that there is a reasonable

certainty that sufficient future taxable income will be
available against which such deferred tax assets can
be realised.

(c) Current and Deferred tax is measured based on
the provisions of tax laws and tax rates enacted or
substantively enacted as at the Balance Sheet date.

2.18 Earning Per Share

Basic earnings per share are calculated by dividing the
net profit or loss for the period attributable to equity
shareholders by the weighted average number of equity
shares outstanding during the period.

For the purpose of calculating diluted earnings per share,
the net profit or loss for the period attributable to equity
shareholders and the weighted average number of shares
outstanding during the period are adjusted for the effects
of all dilutive potential equity shares.

As per Accounting Standard -20 on Earning Per Share, If the
number of equity or potential equity shares outstanding
increases as a result of a bonus issue or share split or
decreases as a result of a reverse share split (consolidation
of shares), the calculation of basic and diluted earnings per
share should be adjusted for all the periods presented.
If these changes occur after the balance sheet date
but before the date on which the financial statements
are approved by the board of directors, the per share
calculations for those financial statements and any prior
period financial statements presented should be based on
the new number of shares. Accordingly the EPS has been
calculated on number of shares after bonus issue made on
12th March,2025 for all reporting period.

Notes:

(1) The Company has only one class of equity shares having par value of Rs.10 per share.

(2) Each holder of equity shares is entitled to one vote per share.

(3) The Company has increased Authorised share capital form Rs. 200 lakhs to Rs. 2,000 lakhs as on 14th August 2024

(4) The Company has issued bonus shares on 12th March, 2025 to its existing shareholders in the ratio of 10 shares for every 1
share held as on the record date 10th March, 2025. Accordingly 1,03,32,000 shares were issued.

(5) As on September 09, 2025, Company has completed an initial public offerings (IPO) of 38,08,000 equity shares of face
value Rs. 10/- at an issue price of Rs. 263/- per share which comprises of fresh equity issue & offer for sale as stated below
aggregating to Rs. 8,107.53 lakhs.

(a) The Company has obtained vehicles loans from Banks during the Financial year as mentioned above. As per the Loan Agreement,
the said loan was availed for the purpose of respective Vehicle financing. The Company has used such borrowings for the
purposes as stated in the Loan Agreement.

(b) Secured Vehicles Term loans from banks

All vehicles term loans are secured by hypothecation of respective vehicles financed through the loan arrangements.

(c) Secured Machineries term loans from banks

All machineries term loans have been obtained for financing the asset purchased and are secured by hypothecation of respective
assets purchased out of loan, comprising Construction Equipments.

(d) Loan guaranteed by the directors

The loans taken during the year are guaranteed by the director of the company. Additionally, these loans were secured through
the hypothecation of assets.

(e) Nature of securities

The loans are primarily secured by hypothecation of debtors, FD, FD for FDOD. Second charge as a collateral security by way of
Equitable Mortgage of immovable properties owned by the director, their relatives & other concerned persons.

(a) The Company has obtained vehicles loans from Banks during the Financial year as mentioned above. As per the Loan Agreement,
the said loan was availed for the purpose of respective Vehicle financing. The Company has used such borrowings for the
purposes as stated in the Loan Agreement.

(b) Secured Vehicles Term loans from banks

All vehicles term loans are secured by hypothecation of respective vehicles financed through the loan arrangements.

(c) Secured Machineries term loans from banks

All machineries term loans have been obtained for financing the asset purchased and are secured by hypothecation of respective
assets purchased out of loan, comprising Construction Equipments.

(d) Loan guaranteed by the directors

The loans taken during the year are guaranteed by the director of the company. Additionally, these loans were secured through
the hypothecation of assets.

(e) Nature of securities

The loans are primarily secured by hypothecation of debtors, FD, FD for FDOD. Second charge as a collateral security by way of
Equitable Mortgage of immovable properties owned by the director, their relatives & other concerned persons.

Note 27.2 (i) The company received an State Goods and Service Tax (SGST) order for wrong ITC availment of INR 20.08 lakh, plus INR
8.32 lakh interest. The Company have received the rectification order under the appeal on July 10, 2025, where the demand is modified
from Rs 28.4 lakhs to Rs 1.46 lakhs in the previous year. The order has been quashed in the current year.

Note 27.2 (ii) The company received an Goods and Service Tax order for Rs. 2.69 lakhs due to mismatch in GSTR-1 and GSTR-3B.

Note 27.2 (iii) The company received a demand under UPVAT Act. Such demand has been waived off by the department but
clarification on interest amount of such demand is still pending.

Note 27.3 The company received an TDS demand of Rs 22.75 lakhs in the preceding financial years, out of which 22.71 lakhs have
been paid in the F.Y 2024-25. For the F.Y. 2024-25 & 2025-26 TDS demand paid amounts to Rs 0.02 Lakhs. No TDS demand remains
outstanding in the CY as per the traces portal.

Notes No. 27 (A) (b) Claims against the Company not acknowledged as debts and not provided for, in respect of which the Company
is in appeal remaining to be completed amounts to Rs. 76.87 lakhs.

NOTE NO. 27 (B) COMMITMENTS

As at 31 March 2026, the company has capital commitments amounting to Rs. 1,399.25 lakhs (Rs. 153.36 lakhs as on March 31, 2025)

NOTE NO. 29 SEGMENT REPORTING

The Company is engaged in the business of Civil Construction, which is considered to be the only reportable business segment, as
per Accounting Standard-17, further there are no geographical segments. Since the principal business of the company is construction
activity, quantitative data in respect of trading and manufacturing activities carried out by the company as required by Schedule III to
the Companies Act, 2013. Hence, segment reporting is not appliable.

NOTE NO. 30 RELATED PARTY TRANSACTIONS

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below

NOTE NO. 31 DISCLOSURES RELATED TO EMPLOYEE BENEFITS:

The Company has classified various employee benefits as under:

A Defined contribution plans

i) Provident Fund

ii) Employer''s Contribution to Employee State Insurance Corporation (ESIC)

The Provident fund and Pension scheme are operated by regional PF Commissioner. Under the scheme, the Company is required
to contribute a specified percentage of payroll cost to the retirement schemes to fund the benefits.

NOTE NO. 33 DISCLOSURES AS PER AMENDMENTS IN SCHEDULE III OF COMPANIES ACT,2013 WITH
NOTIFICATION ISSUED ON 24TH MARCH 2021:

Information required against additional disclosures as per amendments in Schedule III of Companies Act, 2013 are as under:-

(a) Title deeds of Immovable Property not held in name of the Company (Para a(ii)(XIII)(Y)(i))

There are no immovable properties owned by the company whose title deeds are not held in its name.

(b) Revaluation of Property, Plant & Equipment (Para a(ii)(XIII)(Y)(ii))

During the year under review the company has not revalued its property, plant & Equipment.

(c) Loan & Advance made to promoters, directors, KMPs and other related parties (Para a(ii)(XIII)(Y)(iii))

The Company has not provided any loans and advance to the parties which are either repayable on demand or without specifying
terms & conditions.

(d) Intangible Assets under development

The Company does not have any intangible assets under development whose completion is overdue or has exceeded its original
cost as compared to the plan.

(e) Details of Benami property held (Para a(ii)(XIII)(Y)(vi))

No proceeding has been initiated or pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 and rules made thereunder.

(f) Wilful Defaulter (Para a(ii)(XIII)(Y)(viii))

The company has not been declared as wilful defaulter by any bank or financial institutions or other lenders.

(g) Relationship with struck of Companies (Para a(ii)(XMI)(Y)(ix))

There are no transactions (Including Investment in Securities / Shares held by Struck off company & Other Outstanding balances)
with companies struck off u/s 248 of the Companies Act 2013, or section 560 of the Companies At, 1956.

(h) Registration of charges and satisfaction with Registrar of Companies (Para a(ii)(XIII)(Y)(x))

There are no charges or satisfaction of charges which are yet to be registered with Registrar of Companies beyond the statutory
period.

(i) Compliance with number of layers of companies (Para a(ii)(XIII)(Y)(xi))

The company has not made violation of requirements related to number of layers of companies as prescribed under clause 87 of
Section 2 read with Companies (Restriction of number of Layers) Rules 2017.

(j) Compliance with approved Scheme(s) of Arrangements (Para a(ii)(XIII)(Y)(xiii))

The Company has not entered into any scheme of arrangement which has been approved by the competent authority during
the year.

(k) Utilization of Borrowed funds and share premium (Para a(ii)(XIII)(Y)(xiv))

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or
kind of funds) by the Company to or in any other persons(s) or entity(is), including foreign entities ("Intermediaries") with the
understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on
behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with
the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by
or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

(l) Undisclosed Income (Para a(iii)(ix))

Company has not surrendered or disclosed any transaction which was not recorded in the books of accounts as income during
the year in the tax assessment under the Income Tax Act.

(m) Details of Crypto Currency or Virtual Currency (Para a(iii)(xi))

The company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

NOTE NO.35 Figures for the previous year has been re-grouped and re-arranged wherever considered necessary to make them
comparable with current year''s classification and disclosures wherever required as per the requirement of Schedule III (Revised).
Figures reported in financial statement are in Indian Rupee and have been rounded off to the nearest Lakhs except specifically stated
otherwise.

NOTE NO. 36 As on September 09, 2025, Company has completed an initial public offerings (IPO) of 38,08,000 equity shares of
face value Rs. 10/- at an issue price of Rs. 263/- per share which comprises of fresh equity issue & offer for sale as stated below
aggregating to Rs. 8,107.53 lakhs.

NOTE NO. 37 The Government of India has enacted the following labour codes, which subsume and replace multiple existing labour
laws: Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020, Occupational Safety, Health and Working
Conditions Code, 2020. The implementation of the labour codes is subject to issuance of the relevant rules and notifications by the
Central and State Governments. The Company has undertaken an assessment of the potential impact of these labour codes on its
financial statements, including employee benefits, social security contributions and related compliances. Based on the assessment
carried out and considering the current status of implementation, the Company does not expect a material impact on its financial
information at the time of adoption. The Company will continue to monitor developments in this regard and will appropriately
evaluate and account for the impact, if any, in the period in which the labour codes become effective.

Nature of Security and terms of repayment of secured borrowing:-

(a) Loans has been guaranteed by director or others

''^{!l Loan taken} during the year and guarantee of this given by all of the directors of the Company, and was also secured by way of hypothecation of assets

(ii) Term Loan form bank, balance outstanding as on 31st March, 2024 amounting to Rs.2,755.32 Lakhs (31st March 2023 Amounting to Rs. 2,510.45 Lakhs) is secured by first charge by way of hypothecation of property, machineries, vehicles.

(bt Term of Repayment of Loan

^Machinery Loan and vehicle Loan Repayable in 23 to 39 equal monthly instalments (EMI) from the end of the reporting period, EMI ranging between u.''5 Lakhs to 3.60 Lakhs along with interest ranging from (6.51% p.a to 9.92% p.a).

f- ^{Term Loan} Repayable in 89 equal monthly instalments (EMI) against hypothecation of flat No 601,"The Mansion By Royal Ensign", C-64,Prithviraj «oad, C-Scheme,Jaipur from the end of the reporting period, EMI to 8.68 Lakhs along with interest @ 7.40% p.a

(ml Loan is given by Directors and Relatives and to be paid after One Year. Hence it is treated Long Term Borrowings.

Note 27.2 (1) Central Goods and Service Tax (CGST) Department, Jabalpur, Madhya Pradesh issued a penalty of INR 5.87 lakh for expired E-way Bill in FY 2023-24. The company has hearing with Appellate Authority believing the order will likely be quashed, so no liability is provided.

Note 27.2 (2) Central Goods and Service Tax (CGST) Department, Jajpur, Odisha issued a penalty of INR 1.04 lakh for E-way Bill mismatch.

Note 27.2 (3) The company received an State Goods and Service Tax (SGST) order for wrong ITC availment of INR 20.08 lakh, plus INR 8.32 lakh interest. It appealed, believing the order will likely be quashed, so no liability is provided.

The Company is engaged in the business of Civil Construction, which is considered to be the only reportable business segment, as per Accounting Standard-17

Since the principal business of the company is construction activity, quantitative data in respect of trading and manufacturing activities carried out by the company as required by Schedule III to the Company’s Act, 2013.

Note No. 31 Disclosures related to employee benefits:

The Company has classified various employee benefits as under A Defined contribution plans

i) Provident Fund

ii) Employers Contribution to Employee State Insurance Corporation (ESIC)

he Provident fund and Pension scheme are operated by regional PF Commissioner Under the scheme the Comnanv required to contribute a specified percentage of payroll cost to the retirement schemes to fund the benefits. ° ^{P Y}

Note No. 33 Disclosures as per amendments in Schedule III of Companies Act,2013 with notification issued on 24th March 2021:

Information required against additional disclosures as per amendments in Schedule III of Companies Act, 2013 are as under-

fa) Title deeds of Immovable Property not held in name of the Company (Para a(ii)(XIII)(Y)(i))

There are no immovable properties owned by the company whose title deeds are not held in its name.

(b) Revaluation of Property, Plant & Equipment (Para a(ii)(XIII)(Y)(ii))

During the year under review the company has not revalued its property, plant & Equipment (Including right of use assets).

(c) Loan & Advance made to promoters, directors, KMPs and other related parties (Para a(ii)(XIII)(Y)(iii))

The Company has not provided any loans and advance to the parties covered under this clause.

(d) Details of Benami property held (Para a(ii)(XIII)(Y)(vi))

No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

(e) Wilful Defaulter (Para a(ii)(XII!)(Y)(viii))

The company has not been declared as wilful defaulter by any bank or financial institutions or other lenders.

(f) Relationship with struck of Companies (Para a(ii)(XIII)(Y)(ix))

There are no transactions (Including Investment in Securities / Shares held by Struck off company & Other Outstanding balances) with companies struck off u/s 248 of the Companies Act 2013, or section 560 of the Companies At, 1956.

(g) Registration of charges and satisfaction with Registrar of Companies (Para a(ii)(XII!)(Y)(x))

There are no charges or satisfaction of charges which are yet to be registered with Registrar of Companies beyond the statutory period.

(h) Compliance with number of layers of companies (Para a(ii)(XIII)(Y)(xi))

The company has not made violation of requirements related to number of layers of companies as prescribed under clause 87 of Section 2 read with Companies (Restriction of number of Layers) Rules 2017.

(i) Compliance with approved Scheme(s) of Arrangements (Para a(ii)(XIII)(Y)(xiii))

Not applicable

(j) Utilization of Borrowed funds and share premium (Para a(ii)(XIII)(Y)(xiv))

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other persons(s) or entity(is), including foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(k) Undisclosed Income (Para a(iii)(ix»

Company has not surrendered or disclosed any transaction which was not recorded in the books of accounts as income during the year in the tax assessment under the Income Tax Act.

(l) Details of Crypto Currency or Virtual Currency (Para a(iii)(xi))

The company has not traded or invested in Crypto Currency or Virtual Currency during the financial year

Note No.35 Figures for the previous year has been re-grouped and re-arranged wherever considered necessary to make them comparable with current year''s classification and disclosures wherever required as per the requirement of Schedule III (Revised). Figures reported in financial statement are in Indian Rupee and have been rounded off to the nearest Lakhs except specifically stated otherwise.