అకౌంట్స్ గమనికలుRajesh Power Services Ltd.

Mar 31, 2025

32 Contingent Liabilities & Commitments		(? in Lacs)
Particulars	Year ended	Year ended
	March 31, 2025	March 31, 2024
Contingent Liabilities
Corporate Guarantees given by the Company for Loans taken by Sister Concerns (In capacity as a Co-Guarantor to the Banks- Sanctioned Amount)	5,236.85	4,920.00
Bank Guarantees	12,639.43	4,124.62
Income Tax TDS Demand	14.26	12.52
Income Tax Demand for FY 2016-17 and FY 2018-19. The Company has filed online rectification request and its expects that the due rectification will be done by the department and no liability will arise	285.45	0.52
Commitments
Capital Expenditure- Plant and Machinery	2,510.93	-

The Company has been contributing to a Gratuity Fund managed by the Life Insurance Corporation of India (LIC). These contributions have been charged to the Statement of Profit and Loss. Accordingly, the plan assets and the defined benefit obligations have not been separately recognised in the Balance Sheet. As at 31^st March 2025, the plan assets exceed the defined benefit obligation.

37 Other Disclosure

i. The figures in the Balance Sheet and Statement of Profit & Loss have been rounded off to the Lacs and re-grouped wherever necessary.

ii. The Company does not have any Benami property, where any proceeding has been initiated or pending against the company for holding any Benami property under Benami Transactions (Prohibition) Act, 1988 (45 of 1988)

iii. The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

iv. The Company does not have any charges or satisfaction yet to be registered with ROC beyond the statutory period.

v. The Company do not have any transactions with Crypto Currency or Virtual Currency where the Company has traded or invested in Crypto Currency or Virtual Currency during the year.

vi. The Company has not advanced or loaned or invested funds to any other persons or entities, including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a. 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

b. Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

vii. The Company has not received any fund from any persons or entities, including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a. 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

b. Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

viii. The Company complies with the number of layers of companies by clause 87 of Section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017 for the year ended on March 31,2025.

ix. The Company does not have any transaction 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.

1 During the financial year, the company raised additional equity capital through an IPO, contributing to an overall increase in shareholders'' equity.

2 Company''s turnover grew by approximately 278% during the financial year, which contributed to enhanced operating performance. This increase was reflected across various financial metrics, including higher sales, purchases, and profit, along with corresponding growth in trade receivables, trade payables, working capital, current assets, current liabilities, and capital employed.

3 Company had invested in a Limited Liability Partnership (LLP) in the capacity of a partner and was earning profit share and interest income. During the year, the said LLP has been converted into a Limited Company.

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Mar 31, 2024

⁽¹²⁾ ASSEt|^I°a''^^^⁰NT1NGENT LTflRILITrES rnMTTBICCMT

Provisions involving a substantial degree of estimation in !^^r5^me"^{t are rec}°9^nized «^hen there is a present obligates a resour«s^{Pa eVentS} ^ *''^{S pr0bable that there wil1 be} an outflow of

The company does not have any contingent liability as on the date of Balance Sheet other than below.

0 Finance Guarantee: the Company has given following bank guarantee against loans taken by others from Banks and Financial Institutions and hence the question of terms and conditions prejudicial to the interest of the company does not arise The details are as under:-

The Company has given the following bank guarantee in Joint Capacity against loans taken by others from Banks and Financial

rh^nce'' ^the ,^{question of terms} and conditions prejudicial to the company s interest does not arise. The details are as under: -

taSS.^{are neither rec}°^9ni2ed "^or ***** ''» the

(¹³) OTHER ACCOUNTING STANDARn-

aI ?,^eEfA^reJ^{0 transact}j^ons relating to AS-S, AS-7, ASM, AS-19, same^{3 & AS}‘^{2 respectlvel}'''''' separate comments are not given for the

I. The figures in the Balance Sheet and Statement of Profit & Loss have been rounded off to the Lacs and re-grouped whereve? necessary

II. In the opinion of the Board of Directors, the Current Assets are of the coursed business^M **" ^

^111- ^ai^rnh^Cr^a|inⁿ °ⁿru^iX!^{d aSSets} °^{f the com}P^a"V has been provided on to CoCinresTct 2013“ ^t0 rateS PreSCr''^{bed Under Schedule} 11

^W'' SceeZ^Rs⁶ 60 oo^eo^Cn°nZ^any ”^h° T™ ^{in receipt of remu}neration exceeding Rs. 60,00,000/- per year if employed throughout the vear

yLTare aZoNows⁰⁰''⁰⁰⁰⁷'' ^P*^{r m}°"^{th if employed for the part of}

Additional Regulatory Reauirpmpntc-

VIII. Details of Crypto Currency or Virtual Currency

The Company has neither traded nor invested in Crvoto

T^e2oV^rF T¹ Cr^{ency durin9 the} P^eriod ended on March 31, 2024. Further, the Company has also not received anv

Crvnto r°^r advance.^s from anV P^erson for trading or investing in Crypto Currency or Virtual Currency. ^y

IX. Undisclosed income

During the Period the Company has not surrendered or disclosed as income any transactions not recorded in the books of accounts in the course of tax assessments under the Income ax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act. 1961)

X. Relationship with struck-off companies

The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the period year ended on March 31, 2024.

XI. Compliance with numbers of layers of companies

The Company complies with the number of layers of companies by clause 87 of Section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017 for the vear ended on March 31, 2024.

XII. Utilization of borrowed funds and share premium

During the year ended on March 31, 2024 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

rf* -Vu if T -o

(i) dirertly or indirectly lend or invest in other oersons nr entities identified in any manner whatsoever by or on behalf o the company (Ultimate Beneficiaries) or

the EtteBLeflciaries⁶'' °^{r the} ''^{ike t0} °^{r on behalf of}

(B) During the year ended on March 31, 2024 the comoanv has not received any fund from any person(s) or entity(ies) indu^na foreign entities (Funding Party) with the understanding H recorded in writing or otherwise) that the company shall

0) d(rectiy or indirectly lend or invest in other persons or nt''ties identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

Ultimate''Beneficiaries³"^186, °^r ^ "^ke °^{n behalf} °^{f the}

XIII. The company has not been declared willful defaulter by any bank or financial institutions or government or any government authority.

^ for ^PhoTdinaⁱⁿa⁹n^Sv^hh^V,^e ^ ^{,nitiated n}°^{r pendin}9 ^a9^a^ the company tor folding any benami property under The Benami Transactions

(Prohibition) Act, 1988 (45 of 1988) and rules made thereunder a^SnlTa^rcco°unts⁹ⁿ''^fiCar1t Counting ^Polices" ^and ''Notes'' forming part of

CHARTERED ACCOUNTANT^'' r° ¦ ^{b''f ''he E°ard °f of}

(F.R. No loesZ) ?^{ajesh Power} Services Limited

^ (Formerly known as Rajesh Power Services

Private Limited)

^ ^{CIN: U31300G}J2010PLC059536

PRANAV N c_HAm !^*^ⁿ⁹ R‘ ^Panchal Rajendra B. Patel

proprietor” ^SHAH> DINm0773S2m^ECTOR) in <^DIRECT°«>

M .No. : 033747 (DIN.00773528) (DIN:00137280)

DATE^E 03/^M07^D/2O2S ^{PLACE :} AHMEDABAD

date .03/07/2024 DATE :03/07/2024