అకౌంట్స్ గమనికలుHomesfy Realty Ltd.

Mar 31, 2025

j. Provisions, Contingent liabilities and Contingent assets

A provision is recognised when the Company has 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 reliable estimate can be made. Provisions (excluding retirement benefits and compensated absences) are not discounted to its present value and are determined based on best estimate
required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to refect the current best estimates. Contingent liabilities are not recognised
in the financial statements. A contingent asset is neither recognised nor disclosed in the financial statements.

k. Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash that are subject to an insignificant risk of change in value and having original
maturities of three months or less from the date of purchase, to be cash equivalents.

As per our report of even date

For Venus Shah & Associates LLP For and on behalf of the Board

Chartered Accountants

Firm''s Registration No. 120878W/W101094

Sd/- Sd/-

Shashank Mewada Atul Arya Agrahari

Chief Financial Officer Company Secretary

PAN: AQAPM8094Q PAN: AMMPA1939Q

Sd/_- Place: Mumbai Place: Mumbai

M_ani_sh S. P_atil Date: 24 May 2025 Date: 24 May 2025

Partner

Membership No. 140937

UDIN: 25140937BMIJRR9673 _Sd/_{- Sd}/_-

Ashish Kukreja Mukesh Kumar Mishra

Director Director

03068422 06450500

Place: Mumbai Place: Mumbai Place: Mumbai

Date: 24 May 2025 Date: 24 May 2025 Date: 24 May 2025

During the Financial Year 2022-23, the Company issued 4,50,000 Equity Shares of face value of
'' 10/- each on cash at a price of '' 197/- per equity shares (including Security Premium of '' 187/-
per Equity Share) each Aggregating to '' 8,86,50,000/- on preferential basis by passing special
resolution dated on 9^th November, 2022.

During the Financial Year 2022-23, the Company had made an initial public offering (IPO) of
8,05,200 Equity shares of face value of '' 10/- each fully paid up for cash at a price of '' 197/- per
equity share (including share premium of '' 187 per equity share) aggregating to RS. 1586.24/-
lakhs. The aforementioned equity shares were alloted on 28^th December, 2022. The equity
shares of the Company got listed on NSE Emerge Platform on 2^nd January, 2023.

31.1 The Debt Service Coverage Ratio has reduced as the EBITDA has declined by 47% and
the debt service cost has increased by 31%. The Company has availed an additional
vehicle loan during the year.

31.2 The Company''s net profit has declined by 60%, which has adversely impacted the
Return on Equity (ROE) ratio.

31.3 The Company has improved its trade payables days, indicating a stronger cash flow
position. This enhancement has also helped in strengthening relationships with its
suppliers.

31.4 The Company''s net profit margin has been adversely impacted, with net profit declining
by 60% compared to the previous year. The Company is taking appropriate measures to
improve its financial performance in the upcoming year.

31.5 The adverse impact on the Company''s ROCE is due to a year-on-year decline in EBIT by
74%.

31.6 Despite a 24% increase in the Company''s asset base, net profit has declined by 60%,
leading to an adverse impact on the Return on Investment (ROI) ratio.

32. DISCLOSURE WHERE COMPANY HAS GIVEN LOAN OR INVESTED TO
OTHER PERSON OR ENTITY TO LEND OR INVEST IN ANOTHER PERSON
OR ENTITY

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 or
entities, 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 (“Ultimate Beneficiaries”) by or on
behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

33. DISCLOSURE WHERE COMPANY HAS RECEIVED FUND FROM OTHER
PERSON OR ENTITY TO LEND OR INVEST IN OTHER PERSON OR ENTITY

No funds have been received by the Company from any persons or entities, including foreign
entities (“Funding Parties”), 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 (“Ultimate Beneficiaries”) by or on behalf of the Funding Parties or
provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

34. OTHER STATUTORY DISCLOSURES AS PER THE COMPANIES ACT,
2013

1. The Company has not traded in crypto currency or virtual currency during the year.

2. The Company is not declared a willful defaulter by any bank or financial institution or other
lenders.

3. The Company has no transactions with the struck off Companies under Section 248 or 560
of the Act.

4. No proceedings were initiated or pending against the Company for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988.

5. There are no ultimate beneficiaries to whom the Company has lent/invested nor received
any fund during the year within the meaning of Foreign Exchange Management Act 1999
and Prevention of money Laundering Act 2002.

6. The Company has Compliance related to number of layers prescribed under clause (87) of
Section 2 of the Companies Act read with the Companies (Restriction on number of Layers)
Rules, 2017.

7. There was no transaction in the Company which is not recorded in the books of accounts
that has 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.

8. The Company does not have any charges or satisfaction, which is yet to be registered with
Registrar of Companies beyond the statutory period.

9. The Company is not covered under Section 135 of the Companies Act, hence Corporate
Social Responsibility (CSR) is not applicable to the Company.

35. REGROUPING

Previous years figures are regrouped or rearranged or reclassified wherever necessary in order

to confirm to the current years grouping and classifications.

As per our report of even date

For Venus Shah & Associates LLP For and on behalf of the Board

Chartered Accountants

Firm''s Registration No. 120878W/W101094

Sd/- Sd/-

Shashank Mewada Atul Arya Agrahari

Chief Financial Officer Company Secretary

PAN: AQAPM8094Q PAN: AMMPA1939Q

Sd/- Place: Mumbai Place: Mumbai

M_ani_sh S. P_atil Date: 24 May 2025 Date: 24 May 2025

Partner

Membership No. 140937

UDIN: 25140937BMIJRR9673 Sd/- Sd/-

Ashish Kukreja Mukesh Kumar Mishra

Director Director

03068422 06450500

Place: Mumbai Place: Mumbai Place: Mumbai

Date: 24 May 2025 Date: 24 May 2025 Date: 24 May 2025

---

Mar 31, 2024

j. Provisions, contingent liabilities and contingent assets

A provision is recognised when the Company has 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 reliable estimate can be made. Provisions (excluding retirement benefits and compensated absences) are not discounted to its present value and are determined based on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted to refect the current best estimates. Contingent liabilities are not recognised in the financial statements. A contingent asset is neither recognised nor disclosed in the financial statements.

k. Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash that are subject to an insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalents.

As per our report of even date

For Venus Shah & Associates For and on behalf of the Board

Chartered Accountants

Firm''s Registration No. 120878W

Sd/- Sd/-

Shashank Mewada Atul Arya Agrahari

Chief Financial Officer Company Secretary

PAN: AQAPM8094Q PAN: AMMPA1939Q

^Sd/- Place: Mumbai Place: Mumbai

^{Manish S}. ^Patil Date: 18 May 2024 Date: 18 May 2024

Partner

Membership No. 140937

UDIN: 24140937BKDHZT8701 ^{Sd/- Sd/-}

Ashish Kukreja Mukesh Kumar Mishra

Director Director

03068422 06450500

Place: Mumbai Place: Mumbai Place: Mumbai

Date: 18 May 2024 Date: 18 May 2024 Date: 18 May 2024

31.1 The debt-equity ratio has improved due to debt repayment and an increase in retained earnings during the year. Debt repayment amounted to '' 4.15 Lakhs, and retained earnings increased by '' 374.65 Lakhs, Leading to the improved debt-equity ratio.

31.2 The Company was experiencing a Longer operating cycle due to industry patterns during the year which increased the time period in which the Company converts its receivables into cash. However, by end of the year, the Company had reduced this operating cycle and expects a higher trade receivables turnover ratio in the coming period.

31.3 The Company improved its performance and worked on cost optimization throughout the year, resulting in an enhanced ratio. Additionally, the Company changed its accounting policy, starting to recognize unbilled revenue from FY 23-24, which further improved this ratio.

31.4 The Company''s ROCE has deteriorated due to fall at EBIT level compared to previous year.

32. DISCLOSURE WHERE COMPANY HAS GIVEN LOAN OR INVESTED TO OTHER PERSON OR ENTITY TO LEND OR INVEST IN ANOTHER PERSON OR ENTITY

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 or entities, 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 (“Ultimate Beneficiaries”) by or on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

33. DISCLOSURE WHERE COMPANY HAS RECEIVED FUND FROM OTHER PERSON OR ENTITY TO LEND OR INVEST IN OTHER PERSON OR ENTITY

No funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), 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 (“Ultimate Beneficiaries”) by or on behalf of the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

34. OTHER STATUTORY DISCLOSURES AS PER THE COMPANIES ACT, 2013

1. The Company has not traded in crypto currency or virtual currency during the year.

2. The Company is not declared a willful defaulter by any bank or financial institution or other lenders.

3. The Company has no transactions with the struck off Companies under Section 248 or 560 of the Act.

4. No proceedings were initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988.

5. There are no ultimate beneficiaries to whom the Company has lent/invested nor received any fund during the year within the meaning of Foreign Exchange Management Act, 1999 and Prevention of money Laundering Act, 2002.

6. The Company has Compliance related to number of layers prescribed under clause (87) of Section 2 of the Companies Act read with the Companies (Restriction on number of Layers) Rules, 2017.

7. There was no transaction in the Company which is not recorded in the books of accounts that has 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.

8. The Company does not have any charges or satisfaction, which is yet to be registered with Registrar of Companies beyond the statutory period.

9. The Company is not covered under Section 135 of the Companies Act, hence Corporate Social Responsibility (CSR) is not applicable to the Company.

35. REGROUPING

Previous years figures are regrouped or rearranged or reclassified wherever necessary in order to confirm to the current years grouping and classifications.

As per our report of even date

For Venus Shah & Associates For and on behalf of the Board

Chartered Accountants

Firm''s Registration No. 120878W

Sd/- Sd/-

Shashank Mewada Atul Arya Agrahari

Chief Financial Officer Company Secretary

_Sd/_- PAN: AQAPM8094Q PAN: AMMPA1939Q

M _i h s _P -n Place: Mumbai Place: Mumbai

Maanner Date: 18 May 2024 Date: 18 May 2024

^{Membership No. 140937} _{Sd/- Sd/-}

UDIN: 24140937BKDHZT8701 _A -

Ashish Kukreja Mukesh Kumar Mishra

Director Director

03068422 06450500

Place: Mumbai Place: Mumbai Place: Mumbai

Date: 18 May 2024 Date: 18 May 2024 Date: 18 May 2024

---

Mar 31, 2023

The Authorized Share Capital was increased to '' 10,50,00,000 (Rupees Ten Crores Fifty Lacs only) consisting of 1,05,00,000 Equity Shares of Face Value of '' 10.00 each pursuant to a resolution of the shareholders dated September 13^th, 2022.

(i) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has only one class of shares referred to as Equity shares having a par value of '' 10/-. Each holder of equity shares is entitled to one vote per share. There are no restrictions including restriction on dividend and repayment of capital if any.

During the Financial Year 2022-23, the Company issued 4,50,000 Equity Shares of face value of '' 10/- each on cash at a price of '' 197/- per equity shares (including Security Premium of '' 187/- per Equity Share) each Aggregating to '' 8,86,50,000/- on preferential basis by passing special resolution dated on November 9^th, 2022.

During the Financial Year 2022-23, the Company had made an initial public offering (IPO) of 8,05,200 Equity shares of face value of '' 10/- each fully paid up for cash at a price of '' 197/- per equity share (including share premium of '' 187 per equity share) aggregating to '' 1,586.24/-lacs. The aforementioned equity shares were alloted on December 28^th, 2022. The equity shares of the Company got listed on NSE Emerge Platform on January 2^nd, 2023.

During the Financial Year 2022-23, the Company issued 17,50,000 Equity Shares of face value of '' 10/- each pursuant to Bonus Issue.

The above new car facility has been obtained from ICICI bank. The loan is secured against hypothecation of car and repayable in 60 monthly instalments starting from April 5^th, 2022. The instalments repayable in next 12 months aggregates to '' 5,35,860.

1. Ageing has been considered from the date of transaction.

2. No interest is paid/payable during the year to any enterprise registered under the MSME Act.

3. The above information has been determined to the extent such parties could be identified on the basis of the information available with the Company regarding the status of suppliers under MSME.

Deferred IPO Issue Expenses represents the expenses incurred but not yet amortized. These expenses will be recognized as assets on our balance sheet and amortized over a period of time as the funds are gradually utilized for our working capital requirements.

The primary objective of the IPO was to secure additional funds to meet our working capital requirements and support the growth of our business.

After careful consideration, we have decided to classify the IPO expenses based on the utilization of IPO funds.

29. Disclosure where Company has given loan or invested to other person or entity to lend or invest in another person or entity

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 or entities, 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 (“Ultimate Beneficiaries”) by or on behalf of the Company or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

30. Disclosure where Company has received fund from other person or entity to lend or invest in other person or entity

No funds have been received by the Company from any persons or entities, including foreign entities (“Funding Parties”), 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 (“Ultimate Beneficiaries”) by or on behalf of the Funding Parties or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

31. Regrouping

Previous years figures are regrouped or rearranged or reclassified wherever necessary in order to confirm to the current years grouping and classifications.