Notes to Accounts of VK Global Industries Ltd.

Mar 31, 2025

B) TERMS/RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of equity shares having a par value of Rs.10/-per share. Each holder of equity shares is entitled one vote per Equity share.

38. In the opinion of the board of directors, Current Assets and Loans & Advance have a value on realization in the ordinary the course of business at least equal to the amount at which they are stated in the balance sheet.

39. Depreciation has been computed in accordance with the provision of Companies Act, 2013 considering the remaining useful life of the assets and has written of the carrying amount of the assets having NIL useful life.

40. Personal accounts are subject to confirmation from the respective parties.

42. Wherein, As per Indian Accounting Standard 12,"Income Taxes", Deferred tax asset shall be recognized for the unused tax losses carried forward and unused tax credits to the extent it is probable that future taxable profit will be available against which unused tax losses and unused tax credits can be utilised. Since, it is not probable that the company will have taxable profits before the unused tax losses. Thus, the company has not recognized Deferred Tax Assets.

43. In the opinion of the management, the value of the realisation of current assets, loans and Advances in the ordinary course or business would not be less than the amount at which they are stated in the balance sheet and Provisions for all the known liabilities have been made.

⁴⁴'' As per Ind-38 "Intangible Assets" the salvage value of the Intangible assets are assumed As NIL.

⁴⁵ The Company''s borrowing is NIL, this facilities, comprising fund-based and non-fund-based limits from various bankers, are secured by way of hypothecation of inventories, receivables, movable assets and other current assets.

⁴⁶ Company is a Trading Concern; hence, the requirement to give details in respect of the Quantity of Goods manufactured, Licensed Capacity, Installed Capacity or Actual Production is not applicable

⁴⁷ As at 31 March 2025, the Company does not have any amount outstanding towards share application money.

48

All amounts in the financial statements are rounded off to the nearest Rupee, except as otherwise stated.

⁴⁹ Notes 1-48 are annexed to and form an integral part of the Balance Sheet as at 31.03.2025 and statement of Profit & Loss

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Mar 31, 2024

1.10 Provision

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that is
reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation.
Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market
assessments of the time value of money and the risks specific to the liability.

1.11 Foreign Currency
Functional Currency

The financial statements are presented in Indian Rupees, which is the functional currency of the Company and the
currency of the primary economic environment in which the Company operates. All values are rounded to the nearest
Hundreds (INR 00) except when otherwise indicated

Transactions and translations

Foreign-currency-denominated monetary assets and liabilities are translated into the relevant functional currency at
exchange rates in effect at the Balance Sheet date. The gains or losses resulting from such translations are included in net
profit in the Statement of Profit and Loss. Non-monetary assets and non-monetary liabilities denominated in a foreign
currency and measured at fair value are translated at the exchange rate prevalent at the date when the fair value was
determined. Non-monetary assets and non-monetary liabilities denominated in a foreign currency and measured at
historical cost are translated at the exchange rate prevalent at the date of the transaction.

Transaction gains or losses realized upon settlement of foreign currency transactions are included in determining net
profit for the period in which the transaction is settled. Revenue, expense and cash-flow items denominated in foreign
currencies are translated into the relevant functional currencies using the exchange rate in effect on the date of the
transaction.

1.12 Earning per Equity Share

Basic earnings per equity share are computed by dividing the net profit attributable to the equity holders of the
Company by the weighted average number of equity shares outstanding during the period. Diluted earnings per equity
share are computed by dividing the net profit attributable to the equity holders of the Company by the weighted average
number of equity shares considered for deriving basic earnings per equity share and also the weighted average number of
equity shares that could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential
equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the
average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as of the
beginning of the period, unless issued at a later date. Dilutive potential equity shares are determined independently for
each period presented.

The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented
for any share splits and bonus shares issues including for changes effected prior to the approval of the financial
statements by the Board of Directors.

1.13 Contingent liability

Management judgement is required for estimating the possible outflow of resources, if any, in respect of
contingencies/claim/ litigations against the Company as it is not possible to predict the outcome of pending matters with
accuracy.

1.14 Income Taxes

Provision for tax is made for the current accounting period (reporting period) on the basis of the taxable profits computed
in accordance with the Income-tax Act, 1961 and the Income Computation and Disclosure Standards prescribed therein.
Deferred tax is recognised in respect of temporary differences between the carrying amount of assets and liabilities for
financial reporting purposes and the corresponding amounts used for taxation purposes. A deferred tax liability is
recognised based on the expected manner of realisation or settlement of the carrying amount of assets and liabilities,
using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax assets are recognised
only to the extent that it is probable that future taxable profits will be available against which the asset can be utilised.
Deferred tax assets are reviewed at each reporting date and reduced to the extent that it is no longer probable that the
related tax benefit will be realised.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised
amounts. Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set off
current tax assets against current tax liabilities; and the deferred tax assets and the deferred tax liabilities relate to income
taxes levied by the same taxation authority.

1.15 Borrowing Cost

Borrowing costs that are directly attributable to the acquisition, construction, or production of a qualifying asset are
capitalized as a part of the cost of such asset till such time the asset is ready for its intended use or sale

Borrowing cost consist of interest and other costs that an entity incurs in connection with the borrowing of funds. A
qualifying asset is an asset that necessarily requires a substantial period of time to get ready for its intended use or sale.
All other borrowing cost are recognized as expense in the period in which they are incurred

1.16 Government Grant

Government Grants are recognised where there is reasonable assurance that the grant will be received and all the attached
conditions will be complied with. When the grant relates to revenue, it is recognised in the statement of profit and loss
on a systematic basis over the periods to which they relate. when the grant is related to assets, it is deducted from the
carrying amount of respective asset

1.17 Employee Benefits

1.17.1 Gratuity

The Company provides for gratuity, a defined benefit retirement plan (‘the Gratuity Plan’) covering eligible employees.
The Gratuity Plan provides a lump-sum payment to vested employees at retirement, death, incapacitation or termination
of employment, of an amount based on the respective employee’s salary and the tenure of employment with the
Company.

Liabilities with regard to the Gratuity Plan are determined by actuarial valuation, performed by an independent actuary,
at each Balance Sheet date using the projected unit credit method. The Company fully contributes all ascertained
liabilities to the SPS International Ltd Employees’ Group Gratuity Assurance Scheme (‘the Trust’). Trustees administer
contributions made to the Trusts and contributions are invested in a scheme with the Life Insurance Corporation of India
as permitted by Indian law.

The Company recognizes the net obligation of a defined benefit plan in its Balance Sheet as an asset or liability. Gains
and losses through remeasurements of the net defined benefit liability / (asset) are recognized in other comprehensive
income. The actual return of the portfolio of plan assets, in excess of the yields computed by applying the discount rate
used to measure the defined benefit obligation is recognized in other comprehensive income. The effect of any plan
amendments is recognized in net profit in the Statement of Profit and Loss.

1.17.2 Defined Contribution Plans (ESI and EPF)

The Company and its employees both contribute towards the Recognized Provident Fund and Employees State Insurance
as a Contribution towards the Defined Contribution Plans.

1.17.3 Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions
of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and items of income
or expenses associated with investing or financing cash flows. The cash flows from the company''s operating, investing,
and financing activities are segregated.

1.17.4 Other Income

Other income is comprised primarily of interest income, dividend income, gain/loss on investments and exchange
gain/loss on forward and options contracts and on translation of other assets and liabilities. Interest income is recognised
using the effective interest method. Dividend income is recognised when the right to receive payment is established.

1.18 Leases

1. Initial Recognition of Leases under Ind as 116:

The company as a lessee, recognizes a Right-of-use asset and a lease liability for its leasing arrangements if the contract
conveys the right to control the use of an identified asset.

The contract conveys the right to control the use of an identified asset, if it involves the use use of an identified asset and
the company has substantially all of the economic benefits from the use of the asset and has the right to direct the use of
the identified asset. The cost of the right-of-use asset shall compromise the amount of initial measurement of the lease
liability adjusted for any lease payments made at or before the commencement date plus any initial direct cost incurred.
Initially the lessee measures Right of Use Asset at Cost.

The company measures the lease liability at the present value of the lease payments that are not paid at the
commencement date of the lease. The lease payments are discounted using the interest rate implicit (IRR) in the lease if
that rate can be readily determined. In case the rate is not easily determined, the company uses the incremental borrowing
rate.

2. Exemptions from Applying Ind As 116:

A Lessee has an option not to apply Ind as 116 with respect to the two types of leases:

Short Term Leases: -General a Team of 12 Months or Less
Low Value Leases: -Where the value of Underlying Asset is Low

3. Subsequent Measurement of Leases under Ind as 116:

At every Balance Sheet Date shall be measured similar to Financial Liability as per Ind as 109 (Amortized Cost Basis).

At every Balance Sheet Date Right of Use Asset is measured using the Cost Model (Ind as 16).

4. Expenses to be charged by Lessee in the Profit and Loss Account:

¦Depreciation of the Right of Use Asset

¦Interest Expenses on the Lease Liability
¦Impairment of Right of Use Asset

5. Re Measurement of Lease Liability:

Due to a Change in Lease Term or Change in Assessment of an option to purchase the asset or Change in Expected
guaranteed Residual Value or Change in the Future Lease Payments the Lease Liability, initially recorded need to be re
measured.

6. Modification of Lease Liability:

Lease Modification is change in the scope of the Lease, or the consideration for a lease, that was not part of the original
terms and conditions of the lease.

7. Sub Leases:

A Sub Lease is defined as a transaction for which the underlying asset is released by a lessee (“Intermediate Lessor”) to a
third party and the lease (“Head Lease”) between the head lessor and lessee remains in effect. When the head lease is a
short term lease, the sublease is classified as an operating lease.

B) TERMS/RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of equity shares having a par value of Rs10/-per share. Each holder of
equity shares is entitled one vote per Equity share.

C) DETAILS OF SHAREHOLDERS HOLDING MORE THAN 5 % SHARES IN THE
COMPANY

38. In the opinion of the board of directors, Current Assets and Loans & Advance have a value on realization in the ordinary
the course of business at least equal to the amount at which they are stated in the balance sheet.

39. Depreciation has been computed in accordance with the provision of Companies Act, 2013 considering the remaining
useful life of the assets and has written of the carrying amount of the assets having NIL useful life.

40. Personal accounts are subject to confirmation from the respective
parties.

41. In compliance to the provisions of Ind AS 24 “Related party
Disclosures”

There are no related party transactions, which need to be updated in Ind AS 24 “Related party Disclosures”

42. Wherein, As per Indian Accounting Standard 12,"Income Taxes", Deferred tax asset shall be recognized for the unused tax
losses carried forward and unused tax credits to the extent it is probable that future taxable profit will be available against
which unused tax losses and unused tax credits can be utilised. Since, it is not probable that the company will have taxable
profits before the unused tax losses. Thus, the company has not recognized Deferred Tax Assets.

43. In the opinion of the management, the value of the realisation of current assets, loans and Advances in the ordinary course oi
business would not be less than the amount at which they are stated in the balance sheet and Provisions for all the known
liabilities have been made.

⁴⁴ As per Ind-38 "Intangible Assets" the salave value of the Intangible assets are assumed as
NIL.

⁴⁵ The Company''s borrowing is NIL, this facilities, comprising fund-based and non-fund-based limits from various bankers, are
secured by way of hypothecation of inventories, receivables, movable assets and other current assets.

⁴⁶ Company is a Trading Concern; hence, the requirement to give details in respect of the Quantity of Goods manufactured,
Licensed Capacity, Installed Capacity or Actual Production is not applicable

⁴⁴'' As at 31 March 2024, the Company does not have any amount outstanding towards share
application money.

All amounts in the financial statements are rounded off to the nearest Rupee, except as
otherwise stated.

⁴⁹'' Notes 1-49 are annexed to and form an integral part of the Balance Sheet as at 31.03.2024 and statement of Profit & Loss
for the year ended as on that date.

For Jain Jain & Associates For and on Behalf of the Board of Directors

Chartered Accountants

Yogesh Kumar Jain

M.No. : 087822 Rahul Jain Rohit Jain

FRN: 009094N (Chairman and Managing Director) (Director)

DIN: 00442109 DIN: 00442319

Place: New Delhi

Date : 06^th May 2024

UDIN: 24087822BKFFZB3638

Saurabh Gupta Ashish Jain

(Company Secretary) (Accounts Manager)

M No: 36879

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Mar 31, 2014

A) TERMS/RIGHT ATTACHED TO EQUITY SHARES

The company has only one class of equity shares having par value of Rs101- per share. Each holder of equity shares is entitled one vote per Equity share.

B) DETAILS OF SHAREHOLDERS HOLDING MORE THAN 5% SHARES IN THE COMPANY information pursuant to provision to paragrapn 3 ana 4(C) or part n or acneau e vi to tne companies act, to tne 29 extent applicable:

a) The Company Is IT Company and is engaged in the business of sale/purchase of Optical Mark Readers, Image Scanners, Insight Scanners, and Computers and other allied peripherals and equipments, OMR Application/ Registration forms and Answer sheets along with other necessary stationery. The company is also providing support services to its customers for the hardware sold by it and for that purpose sale of spare parts, indigenous as well as imported, is also affected. The company is also engaged in design and development of software for data capturing through Optical Mark Reading System/ Image Scanners/ Insight Scanners, Scanning of OMR Application forms/ Registration forms and Answer sheets and preparation of result for its customers. For the purpose of providing services, the company has installed its own hardware comprising of Optical Mark Reading System/ Image Scanners/ Insight Scanners and other computers etc. It requires stationery, computer stationery, floppies and tapes for the purpose of storing the data which are not treated as raw material and instead termed as stores. The answer sheets are traded as per drawing and design of the customers. These OMR Sheets are purchased from outside. The company does not require any industrial license and the capacity of machines also can not be quantified because of variety of uses of the same. The company uses its own updated software in this process:

In the opinion of the management, the value on realisation of current assets, loans and Advances in the ordinary course or business would be less than the amount at which they are stated in the balance Sheet and Provisions for all the known liabilities has been made.

2 Disclosures under Accounting Standard 11 - Effects Of Changes In Foreign Exchange Rates

During the year company has recognised as per AS-11- Effects of changes in Foreign Exchange Rates the Loss arising from Froreign Exchange Fluctuation amounting to Rs.468879/- in the profit & Loss Account.

3 Disclosures under Accounting Standard 15-Employee Benefit

DEFINED BENEFIT PLAN:

The employees'' gratuity fund scheme managed by LIC is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the projected unit credit method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation for leave encashment is recognized in the same manner as gratuity.

4 In the opinion of the management, the value on realisation of current assets, loans and Advances in the ordinary course or business would not be less than the amount at which they are stated in the balance Sheet and Provisions for all the known

5 All amounts in the finanacial statements are rounded off to the nearest Rupee, except as otherwise stated.

6 Notes 1-44 are annexed to and form an integral part of the Balance Sheet as at 31.03.2014 and statement of Profit & Loss for the year ended as on that date.

The group is primarily engaged in business of sale and purchase of scanners and providing services of Repair and Maintenance of Scanners and Annual Maintenance on Contract Basis. The Group has identified Primary business Segments on the basis of Geographical areas, namely Delhi and Faridabad which in the context of Accounting Satndard-17 on "Segment Reporting" constitute reportable segments.

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Mar 31, 2013

1. CORPORATE INFORMATION

SPS International Ltd. is a Limited Company domiciled in India and incorporated under the provisions of Companies Act, 1956 on 18.01.1993 which was originally incorporated under the name of SPS Data Products Private Limited with the main object to act as consultant and advisors for all kinds of accounts, Finance, Issue of Shares, Company Secreterial Work and to undertake all the above and allied jobs on assignment. Consequently upon name change it was registered under the name of SPS Data Products Limited on 22.05.1995. The company is currently engaged in sale and purchase of scanners and providing services of Repair and Maintenance of Scanners and Annual Maintenance Contract Basis. The company is also engaged in data processing of various universities and Government Recruitment Agencies.

2. BASIS OF ACCOUNTING

The Financial statement have been prepared under the historical cost convention, on a going concern basis and in accordance with the generally accepted accounting principles and the provisions of companies Act, 1956, as adopted consistently by the company. The company generally follows mercantile system of accounting and recognizes significant items of Income and expenditure on accrual basis.

3 USE OF ESTIMATES

In preparing the Company''s financial statements in conformity with accounting principles generally accepted in India, management- i& required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of revenue and expenses during the reporting period, actual results could differ from those estimates.

4 Information pursuant to provision to paragraph 3 and 4(c) of Part II of Schedule VI to the Companies Act, 1956 to the extent applicable:

a) The Company is IT Company and is engaged in the business of sale/purchase of Optical Mark Readers, Image Scanners, Insight Scanners, and Computers and other allied peripherals and equipments, OMR Application/ Registration forms and Answer sheets along with other necessary stationery. The company is also providing support services to its customers for the hardware sold by it and for that purpose sale of spare parts, indigenous as well as imported, is also affected. The company is also engaged in design and development of software for data capturing through Optical Mark Reading System/ Image Scanners/ Insight Scanners, Scanning of OMR Application forms/ Registration forms and Answer sheets and preparation of result for its customers. For the purpose of providing services, the company has installed its own hardware comprising of Optical Mark Reading System/ Image Scanners/ Insight Scanners and other computers etc. It requires stationery, computer stationery, floppies and tapes for the purpose of storing the data which are not treated as raw material and instead termed as stores. The answer sheets are traded as per drawing and design of the customers. These OMR Sheets are purchased from outside. The company does not require any industrial license and the capacity of machines also can not be quantified because of variety of uses of the same. The company uses its own updated software in this process .

In the opinion of the management, the value on realisation of current assets, loans and Advances in the ordinary course or business would be less than the amount at which they are stated in the balance Sheet and Provisions for all the known liabilities has been made.

Contingent liabilities and commitments (to the

As at As at extent not provided for) 31 March 2013 31 March 2012

(i) Contingent Liabilities

(a) Claims against the company not acknowledged as debt

(b) Guarantees 21.29 1153

(c) Other money for which the company is contingently liable 21.29 11.53

(ii) Commitments

(a) Estimated amount of contracts remaining to be executed on capital account and not provided for

(b) Uncalled liability on shares andd other investments partly paid

(c) Other commitments (specify nature)

DEFINED BENEFIT PLAN:

The employees'' gratuity fund scheme managed by LIC is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the projected unit credit method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation for leave encashment is recognized in the same manner as gratuity.

5 In the opinion of the management, the value on realisation of current assets, loans and Advances in the ordinary course or business would not be less than the amount at which they are stated in the balance Sheet and Provisions for all the known liabilities has been made.

6 All amounts in the finanacial statements are rounded off to the nearest Rupee, except as otherwise stated.

7 Notes 1 -46 are annexed to and form an integral part of the Balance Sheet as at 31.03.2013 and statement of Profit & Loss for the year ended as on that date.

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Mar 31, 2012

1. CORPORATE INFORMATION

SPS International Ltd. is a Limited Company domiciled in India and incorporated under the provisions of Companies Act, 1956 on 18.01.1993 which was originally, incorporated under the name of SPS Data Products Private Limited with the main object to act as consultant and advisors for all kinds of accounts, Finance, Issue of Shares, Company Secreterial Work and to undertake all the above and allied jobs on assignment. Consequently upon name change it was registered under the name of SPS Data Products Limited on 22.05.1995. The company is currently engaged in sale and purchase of scanners and providing services of Repair and Maintenance of Scanners and Annual Maintenance Contract Basis. The company is also engaged in data processing of various universities and Government Recruitment Agencies.

2. BASIS OF ACCOUNTING

The Financial statement have been prepared under the historical cost convention, on a going concern basis and in accordance with the generally accepted accounting principles and the provisions of companies Act, 1956, as adopted consistently by the company. The company generally follows mercantile system of accounting and recognizes significant items of Income and expenditure on accrual basis.

3 USE OF ESTIMATES

In preparing the Company's financial statements in conformity with accounting principles generally accepted in India, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the reported amounts of revenue and expenses during the reporting period, actual results could differ from those estimates.

a) The Company is IT Company and is engaged in the business of sale/purchase of Optical Mark Readers, Image Scanners, Insight Scanners, and Computers and other allied peripherals and equipments, OMR Application/ Registration forms and Answer sheets along with other necessary stationery The company is also providing support services to its customers for the hardware sold by it and for that purpose sale of spare parts, indigenous as well as imported, is also affected. The company is also engaged in design and development of software for data capturing through Optical Mark Reading System/ Image Scanners/ Insight Scanners, Scanning of OMR Application forms/ Registration forms and Answer sheets and preparation of result for its customers. For the purpose of providing services, the company has installed its own hardware comprising of Optical Mark Reading System/ Image Scanners/ Insight Scanners and other computers etc. It requires stationery, computer stationery, floppies and tapes for the purpose of storing the data which are not treated as raw material and instead termed as stores. The answer sheets are traded as per drawing and design of the customers. These OMR Sheets are purchased from outside. The company does not require any industrial license and the capacity of machines also can not be quantified because of variety of uses of the same. The company uses its own updated software in this process:

In the opinion of the management, the value on realisation of current assets, loans and Advances in the ordinary course or business would be less than the amount at which they are stated in the balance Sheet and Provisions for all the known liabilities has been made.

4 In the opinion of the management, the value on realisation of current assets, loans and Advances in the ordinary course or business would not be less than the amount at which they are stated in the balance Sheet and Provisions for all the known liabilities has been made

5 Till the year, ended 31 march 2011, the company was using pre-revised Schedule VI to the Companies Act1956, for the prepartion and presentation of its financial statements. During the year ended 31 March,2012, the Revised Schedule Vl notified under the Companies Act, 1956 has become applicable to the Company. The company has reclassified previous year figure to confirm to this year's classification

6 All amounts in the finanacial statements are rounded off to the nearest Rupee, except as otherwise stated.

7 Notes 1-46 are annexed to and form an integral part of the Balance Sheet as at 31.03.2012 and statement of Profit & Loss for the year ended as on that date.

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Mar 31, 2010

1 The company has not received any information from suppliers or service providers, whether they are covered under the "Micro, Small and Medium Enterprises (Development) Act, 2006". Therefore it is not possible to provide the information required under the Act.

2 In compliance to the provisions of Accounting Standard-22 "Accounting for Taxation of Income", the company has accounted for the deferred tax liability amounting to Rs Nil during the year.

3. The figures have been rounded off to the nearest of rupees.

4. Contingent liability on account of bank guarantee given to customers 18.95 Lacs (P.Y. 17.49 Lac)

5. Personal accounts are subject to the confirmation of the respective parties.

6. As per accounting standard 15 "Employee Benefits", the disclosures of employee benefits as defined in the accounting standard are given below.

DEFINED BENEFIT PLAN:

The employees gratuity fund scheme managed by LIC is a defined benefit plan. The present value of obligation is determined based on actuarial valuation using the projected unit credit method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. The obligation for leave encasement is recognized in the same manner as gratuity.

Since the company makes the payment of unveiled leaves within 1st Qtr of the succeeding year, none of the earned and unavailed leave is carried forward to the next year. As a result no long term liability arises on account of leave encashment, which require actuarial certification. The short term liability as on 31st March on account of leave encashment has been duly provided.

Information pursuant to provision to paragraph 3 and 4(c) of Part II of Schedule VI to the Companies Act, 1956 to the extent applicable.

a) The Company is an IT Company and is engaged in the business of sale/purchase of Optical Mark Readers,

Image Scanners, Insight Scanners, Computers and other allied peripherals and equipments, OMR Application/ Registration forms and Answer sheets along with other necessary stationery. The company is also providing support services to its customers for the hardware sold by it and for that purpose sale of spare parts, indigenous as well as imported, is also affected. The company is also engaged in design and development of software for data capturing through Optical Mark Reading System/ Image Scanners/ Insight Scanners, Scanning of OMR Application forms/ Registration forms and Answer sheets and preparation of result for its customers. For the purpose of providing services, the company has installed its own hardware comprising of Optical Mark Reading System/ Image Scanners/ Insight Scanners and other computers etc. It requires stationery, computer stationery, floppies and tapes for the purpose of storing the data which are not treated as raw material and instead termed as stores. The answer sheets are traded as per drawing and design of the customers. These OMR Sheets are purchased from outside. The company does not require any industrial license and the capacity of machines also can not be quantified because of variety of uses of the same. The company uses its own updated software in this process.