Unit No. A-203, Second Floor, Elante Offices, Plot No. 178-178, Datta Singla & Co. Industrial Area, Phase-1, Chandigarh 160002 P: +91 1725086551 ( NDIA) Chartered Accountants EPENDENT. RT To the Members of CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT LTD CIN - U45402PB2021PTC054854 Report on Audit of the Standalone Financial Statements 1. Opinion ‘We have audited the accompanying financial statements CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT LTD (“the Company”), which comprise the Balance Sheet as at 31* March, 2025, the Statement of Profit and Loss (including other comprehensive income, the Statement of Changes in Equity and the Cash Flow Statement for the year then ended and a summary of material accounting policies and other explanatory information (herein after reffered to as the Standalone Financial Statements.) In our opinion and to the best of our information and, according to the explanations ‘given to us, the aforesaid financial starements give the information required by the Act in the manner so required and give a true and fair view, in conformity with the Indian Accounting Standards prescribed under section 133 of the Act read with Companies (Indian Accounting Standards) Rules 2015, as amended, and other accounting principles generally accepted in India: (a) In the case of the Balance Sheet, of the State of Affairs of the Company as at 31st March, 2025; (b) In the case of the Statement of Profit and Loss with total Comprehensive income, of the Loss of the Company for the year ended on that date, (©) Im the case of the Statement in Changes in Equity, of the Changes in Equity of che Company for the year ended on that date, and (@) In the case of the Cash Flow Statement, of the Cash Flows of the Company for the year ended on that date. ACCOUNTANTS\ \\FRNOO6185N ~ ASSURANCE | TAX| ADVISORY EeBasis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are farther described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report, We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibility of Management and Those Charged with Governance for the Standalone Financial Statements The Company's Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of thesefinancial statements that give a true and fair view of the financial position, financial performance including other comprehensive income, changes in equityand cash flows of the Company in accordance with the Ind AS and other accounting principles generally accepted in India, including the Accounting Standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management and Board of Directors is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company ot to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the company’s financial reporting process, SINGL, GR Ae ey CHARTERED ACCOUNTANTS £ ‘HANDIG.Auditors’ Responsibility Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect 2 material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit, We also: + Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and eppropriate to provide a basis for our opinion. The risk of not detecting 2 material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. + Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. + Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. + Conclude on the appropriateness of management's use of the going concern basis. of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. + Evaluate the overall presentation, structure and content of the standalone financial statements, including the disclosures, and whether the standalone financial statements represent the underlying transactio: events in a manner that achieves fair presentation, KE : ‘°° CHARTERED ACCOUNTANTS 2\FRNO06185N, HANDIGARYMateriality is the magnitude of misstatements in the standalone financial statements that, individuallyor in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user ofthe standalone financial statements may be influenced. We consider quantitative materiality andqualitative factors in (j) planning the scope of our audit work and in evaluating the results of our work; and (fi) to evaluate the effect of any identified misstatements in the standalone financial statements. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit, ‘We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards, From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the standalone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication Report on Other Legal and Regulatory Requirements As required by the Companies (Auditor's Report) Order, 2020 (“the Order’), issued by the Central Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we give in the Annexure A, a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable. As required by Section 143 (3) of the Act, we report that: (@) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit, (b) In our opinion, proper books of account as requized by law have been kept by the Company so far as it appears from our examination af those boo ‘CHARTERED ACCOUNTANTS| FRNOO6185N DIGARY(© The Balance Sheet, the Statement of Profit and Loss including Other Comprehensive Income, Statement of Changes in Equity and the Statement of Gash Flows dealt with by this Report arein agreement with the books of account. (@) In our opinion, the aforesaid financial statements comply with the Ind AS specified under Section 133 of the Act. (e) On the basis of the written representations received from the directors as on 31st March, 2025 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2025 from being appointed as a director in terms of Section 164 (2) of the Act, () With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate report in “Annexure B", Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Company's internal financial controls. (g) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given tous: i) The Company has no pending litigations having impact on its financial position; ii) The Company has made provision, as required under the applicable law or accounting standards, for material foreseeable losses and as required on long- term contracts including derivative contracts ; iii)No amount was required to be transferred to the Investor Education and Protection Fund by the Company. iv) (a) The Management has represented that, ta the best of its knowledge and belief, nofunds (which are material either individually or in the aggregate) have beenadvanced or loaned or invested (either from borrowed funds or share premium orany other sources or kind of funds) by the Company to or in any other person orentity, including foreign entity (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly orindirectly lend or invest in other persons or entities identified in any mannerwhatsoever by or on behalf of the Company (“Ultimate Beneficiaries") or provideany guarantee, segurity or the like on behalf of the Ultimate Ben IGLA SS o o ‘S/CHARTERED S| ACCOUNTANT FRNOO6!(b) The Management has represented, that, to the best of its knowledge and belief, no funds (which are material either individually or in the aggregate) have been received by the Company from any person or entity, including foreign entity (“Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; (©) Based on the audit procedures that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under(a) and (b) above, contain any material misstatement. (v) No dividend was declared during the year by the company. (vi) Based on our examination, which included tests checks, the company has used an accounting software systems for maintaining its books of account for financial year ended March 31, 2025 which have feature of recording audit trail (edit log) facility and the same has been operated throughout the period for all relevant transactions recorded in the software. Fuzther, during the course of audit we did not come across any instance of the audit trail feacure being tampered with and the audit trail has been preserved by the company as per statutory requirements for record retention. (h) With respect to the matter to be included in the Auditors’ Report under section 197(16): In our opinion and according to the information and explanations given to us, the remuneration has not paid by the Company to its directors during the current year so the provisions of Section 197 of the Act is not applicable For DATTA SINGLA & CO. Chartered Accountants n Regn. No, 006185N NO. 099813 PLACE: CHANDIGARH UDIN: 25699813 BMGYIE32IN DATE: 07.05.2695ANNEXURE REFERRED TO IN PARAGRAPH 5 OF OUR REPORT OF THE AUDITORS TO THE MEMBERS OF CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT LTDON THE ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025, 1. In respect of Company's Property, Plant and Equipment and Intangibleassets: The Company does not have Property, Plant and Equipment and Intangibleassetsand hence reporting under clause 3(i) of the order is not applicable, 2, In respect of its inventory: (a) The Company does not have inventory and hence reporting under clause 3(ii)(a) of the Order is not applicable. (b) The Company has not been sanctioned working capital limit in excess of Rs.5 Crore, in aggregate, at the points of the time during the year, from banks or financial institutions on the basis of security of current assets and hence reporting under clause 3(ii)(b) of the Order is not applicable. 3. According to the information and explanations given to us and on the basis of our examination of the records of the company, the company has net made any investment in or provided security to companies, firms, limited liability partnerships or any other parties during the year. (@) The Company has not provided any loans or advances in the nature of loans or stood guarantee, or provided security to any other entity during the year, and hence reporting under clause 3(iii)(a), (b), (c), (d), (e), (£) of the Order is not applicable. 4, In our opinion and according to the information and explanations given to us, The Company have not granted loans or made investments the provisions of Section 185 and 186 of the Act are not applicable 5. According to the information and explanation given to us and the records of the Company examined by us, the company has not accepted any deposits from public. Hence provisions of sections 73 to 76 or any other relevant provisions of the Companies ‘Act and the rules framed there under are not attracted. AERSINGLA (SY CHARTERED ‘OUNTANTS \ A FRNOOGIBSN 7 sts6. % 10. i. According to the information and explanation given to us, the company is not required to maintain the cost records has been specified by the central government under sub section (1) of section 148 of the Companies Act. ‘According to the information and explanations given to us in respect of statutory dues: (a) The Company has been regular in depositing undisputed statutory dues including Provident Fund, Employee's State Insurance, Income Tax, Sales tax, Service Tax, Wealth Tax, Customs Duty, Excise Duty, Goods and Service Tax, Value Added Tax, Tax Deducted at Source, Cess and other material statutory dues as applicable with the appropriate authorities in India, We are informed that there are no undisputed statutory dues as at the year-end outstanding for a period of more than six months from the date they became payable. (b) According to the information and explanation given to us and records of the company examined by us, there are no dues of Service Tax, Tax Deducted at Source, Wealth ‘Tax, Sales ‘Tax, Customs Duty and Excise Duty, which are outstanding as at 31st March, 2025, which have not been deposited on account of any dispute. ‘There were no transactions relating to previously unrecorded income that have been surrenderedor disclosed as income during the year in the tax assessments under the Income Tax Act, 1961(43 of 1961). ‘The Company has not availed any term loan during the year, and hence reporting under clause 3(ix) of the Order is not applicable. (a) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) during the year and hence reporting under clause 3(x)(a) of theOrder is not applicable. (b) The company has not made any preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year. (@) No fraud has been noticed or reportedduring the year by the company. (©) No report under sub-section (12) of section 143 of the Companies Act has been filedby the auditors in Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government; company. ~ ( ACCOUNTANTS ff \CERNO06185N,12, 13. 14, 15, 16. 17. 18. 19. In our opinion and according to the information and explanations given to us, the Company is not a Nidhi company. Accordingly, paragraph 3(xii) of the Order is not applicable According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions have been disclosed in the financial statements. We have been informed by the management of the Company that the transactions with related parties have been made in the ordinary course of its business and on an arm’s length basis, auditors have relied on the same. According to the information and explanations given to us, the company does not require internal audit system according to the size and nature of the business and hence reporting under clause 3(xiv)of the order is not applicable. According to the information and explanations given to us and based on our examination of the records the Company, the Company has not entered into non- cash transactions with directors or persons connected with him. Accordingly, paragraph 3(xv) of the Order is not applicable. @) In our opinion, the Company is not required to be registered under section 45- TA of the Reserve Bank of India Act, 1934. Hence, reporting under clause 3(xvi)(a). (b) and (©) of the Order is not applicable. (b) In our opinion, there is no core investment company within the Group (as defined in theCore Investment Companies (Reserve Bank) Directions, 2016) and accordingly reporting under clause 3(xvi)(4) of the Order is not applicable. ‘The company has incurred cash losses of Rs. 7.28 Lakhs in the current financial year and Rs. 2.98 Lakhs in the previous financial year. There has been no resignation of the statutory auditors during the year. On the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other information ‘accompanying the financial statementsand our knowledge of the Board of Directors and Management plans and based on ourexamination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that any material uncertainty exists as on the date of the audit reportindicating that ‘Company is not capable of meeting its liabilities existing at the date of balancesheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not an assurance as to the future viability of the ‘Company. We furtherstate that our reporting is based on the facts up to the date ofthe audit report and we neithergive any guarantee nor any assurance that all liabilities falling due within a period of one yearfrom the balance sheet date, will get discharged by the Company as and when they fall due. 20. ‘The company was not liable to carry out Corporate Social Responsibility as per Section 135 of Companies Act,2013. Accordingly, reporting under clause 3(xx) of the Order is not applicable for the year. For DATTA SINGLA & CO. Chartered Accountants Firm Regn. No. 006185N M. NO.099813 PLACE: CHANDIGARH UDIN: 250949913 GMGYIQ 3274 DATE: 01.05, 2025Annexure “B” to the Auditors’ Report Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”) We have audited the internal financial controls over financial reporting of CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT LTD (“the Company”) as of 31 March 2025 in conjunction with our audit of the standalone financial statements of the Company for the year ended on that date. ‘Management's Responsibility for Internal Financial Controls ‘The Company's management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (ICAI). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to Company's policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, es required under the Companies Act, 2013. Auditors’ Responsibility ‘Our responsibility is to express an opinion on the Company's internal financial controls over financial reporting based on our audit, We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and both issued by the Institute of Chartered Accountants of India, Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects. Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls 0 obtaining an understanding of internal financi CHARTERED ACCOUNTANT FRN006185Nassessing the risk chat a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditors’ judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Compeny’s internal financial controls system over financial reporting. ‘Meaning of Internal Financial Controls over Financial Reporting A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that: (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of the Management and directors of the Company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company's assets, that could have a material effect on the financial statements. Inherent Limitations of Internal Financial Controls over Financial Reporting Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to fature periods are subject to the risk that the internal financial control over financial reporting may become in adequate because of change in conditions, or that the degree of compliance with the policies or procedure may deteriorate. — GIRSINGLA GS CHARTERED ACCOUNTANTS FRN006185N 2) MeOpinion In our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31 March 2025, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered, Accountants of India. For DATTA SINGLA & CO, Chartered Accountants Firm Regn. No. 006185N ‘M. NO.099813 PLACE: CHANDIGARH UDIN: 25099 GI3BNGY1Q 3271 DATE: 67.05.2025CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD CIN: ussaczpazoaiPTcosaase Standalone Balance Sheet as at March 31, 2025, Assets Non-Curtent Assets Property, Plant & Equipment & intangible Assets Propey, Pan and Equipment | _Iotangbie assets Financial Assets J srrountsin Rad's unless rr etheruise) Other Franc Ase Deed To Ase el 3 Fa 238 Sub Total n-Guren AES] a ze] arent ses Fiala Casha cash Equant a 1 Other Curent Asets 5 2650 Sub-Total [Curent Asseb) a7as Total asst 327 uty and abilties 7 ~ quty - Eauity Share Copal é 100 Other Eouity 7 B75] Sub-Total equity) 735] (Borrowings ob Total (Non-Curent Cabin) : = Curent Lables, Financial abies (Y Borrouings 3 ae 20 {iy Trade Payaies = a Total Outstanding dies of Wie Eneorrits nd Sal Ererpises ” 8 an Total Outstanding dues Other than Wir ceromses_| ° om 1.05 ther Curent Lbs oss a8 ub Taal (Corrente) Bae ‘Tota Eauity and Uabities au Company's ovarew and Summary af Material Accounting polis, ring judgements, extiates ‘Tha accompanying notes relerved to above form an integral ger of te standalone Financal statements AS porourcoport at van date For DATTA SINGLA & C0. ‘Chartered Aecountants voinno: 2S 694 SSGMGY(G 327) Pace: CHANOLRARK Date: 07.05.2028 For and on tehalf of Board of Directors of Ceigal Ludhiana Bathinda Greenfield Highway Pve.ts ie de ais Abbe Khan Pradip Kaar Mandal Director Direcor ine 10816267 mn: o9cco1sCEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD CIN: U45402PB2021PTCOS48s4 Standalone Statement of Profit and Loss for the year ended March 31, 2025 (allamounts in € Lakhs unless stated otherwise) or Year ended Mee: be ee ee eee Ty (REVENUES: even from Operations ther income | [Teta income z 5 TH EXPENSES: Cost of Censtrction — —_ = Employee Benefits Expenses 1G 131 Finance Costs 2 ou 0.00 Other expenses 8 748 167 [)_[Total Expenses (i) 728, 238 ) [Profit Before Tax (28) 258] (0) Tax Expenses: Current Tae . Oalered Tae is 85 (075) (W) PPraie rom Continued Operations (FV) i) (a3) (Ui) Other Comprehensive Income items tha: wil nat be reclassified to Profit & Loss () Re-mesturement (gain)loss on defined benef plans - (i) Taxon (above | [Tetal other comprehensive income (I) z (Vil Total comprehensive income for the Period (vi) 23] (Vil Enrings er Equity Shares 5 Basle (in) (ssi) (2233 Dilated int) (5453) (2233) “Summary of Material Accounting policies accountng judaement,erimates and assumptions (Notes 172 28) The accompanying nets referred to sbave form an integral part ofthe standslane financial statements ‘As per our raporcof even dete For DATTASINGLA CO. For and on behalf of Board of Directors of Chartered Accountants Ceigalludhana Bathinda Greenfield Wighway Pve..td Fem Regn. No, 0061854— pSINGLA Toy _ ) ARTERED ‘Majid Abbas Khan Pradip Kumar Mandal 7 Director Director DIN: 10818267 mn: 0569048 M. No, 099813 UOIN Ne: 2SOMBY BMGY( SIT Place: CHANDIGR A Date: 07.05.2025CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD CIN: U45402PB2021PTCOS4a54. ‘Standalone Statement Of Cash Flows {all amounts in €akh's unless stated otherwise) errr) Poerners Profit Before Tox (728) (299) Depreciation ane amoraantn : pense = ing proit before working opt adiustments 728) 238) “Agjstments fr changes in Werking Capital (nerease)/Decrease n Other Current Asses (ea) ox] Inerease/{Decrease) in Trade Payables 218 13 increase/{oecrease] in Other Current Labiities 029 it. Caan generates trom operations sss) (3.83) Income Taxes Fad Net Net eash flow from used in) Operating Actes (i (er) Bal {investing Activites Purchase of lovestmant ‘Net esh low from/ (used in) investing Atv z 5 [Financing Actives Net ineease/ Decrease in Sor Term Borrowings 2585 282 [Net ash flow from Financing Aci (I) 738 2a ‘at nerate/Deeraaia in Cath and Cash Equvaionts (ta ow oxy] ‘ash and Cash Equivalents 38 at Beginning ofthe Yeor(A) 036 rr {cash and cash equivalents as atthe End ofthe Year (8) 059 036 Net increase/[Decrease) in Cash and Cash Equivalents (6-A) 033 (oa) Summary of Material Accounting policies, accounting judgements, estimates and assumptions (Notes Ito 28) ‘The accompanying nates refered to ahove form an integra part ofthe standalone financial statements Asperaur report of even date For DATTASINGIA & CO. Chartered Accountants Firm Regn. No. 006185N. CHARTERED CCOUNTANTS J RNOO6185N M. No, 098813 UDI Ne: 25 OL4RIEGY ia COONS Fi 61Q327) Date: 07.05.2028 For and on behalf of Board of Directors of Ceigall Ludhiana Bathinda Greenfield Highway Pvtrd aa Abbas khan Director ily: z08a8267 ip noar east C_— Director in: 09665048CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD cu: UasaozPez021PTC0s4854 Standalone Statement of Changes in Equity for the period ended March 33, 2025 (Ailamounts in €Lakh's unless stated otherwise) prerery fone fond 'As at 31.03.2023, 30,000 1.00 |changes in equity share capital : : las at 31.03.2028 10,000 100 [Changes in equity share capital A [as at 31.03.2025 Topo0 100) [AS at March 34, 2023, (6.52) E zt Z (632) Restatement adjustments Z z : Profit/{Loss} forthe Year (223) 223] |Prior period tax adjustments investment by Celgal India Limited & Ceigal = Intra Projects Pv (ta [Other Comprehensive income forthe Vear [As at March 31, 2024 Profiy/{Loss| forthe Yea zi = : (e275) - (55) [Expense on ise of Bonus Shares 3 =e [Dividends : i investment by Ceigal India Limited & Ceiga 3 : =] infra Projects Pt xe ther comprehensive income forthe ear : [as atMarch 31, 2025, i (24.20) E = = 1420] For Description ofthe purpose ofeach reserve within equity,efer note 7 ofthese financial statements -companying nates referred to above form an integral part ofthe standalone financial statements sper our report of even date For and on behalf of Board of Directors of for DATTASINGLA 8 0. Cega Luchiana Bathinda Gree Highway Pvtatd Chartered Accountants " Firm Regn. No. OO618SN Sp Fa a \)v Banal CHARTERED Se wemtines aaa Prat ar ast —— VoMpaag S@\ reson Oren Diese Coplfid! “= c oi tnn26 oi neon Farther JANDIGARY wn cess UDINNe: 25049 813 Bry, Place: cuaunnne eet Date: 07.05.2025CCEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT LTD "Notes tothe financial statements for the year ended 31st March 2025 Note 1: Corporate and General Information Company Overview CCEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT LTD (the ‘company) is domiciled in India with ts registered office at A898, Tagore ‘Nagar, Lushiana, Punjab, India. The Company has been incorporated under the provisions of the Companies Act, 2023, The company is a special purpose vehicle (SV) to implamenting a road project envisaging 6-lane access controled Luhlana-Bathinde Greenfield highway section of NH ‘TS4AD from junction with Moga-Aarnala Road (NH-703) near village Tallewal to junction with Delhi-Katra Expressway (NE-S) near Ludhiana (vilage Ballowai) (from km 304300 to km 75+543) as a part of Ludhiana-Ajmer Economic Corridor in the state of Punjab on Hybrid Anouity Made under Bharatmala Pariyojna Phase (Package-2} Note 2: Material Accounting Policies This note provides a list of the Material accounting polices adopted in the preparation of these consolidated financial statements, These policies have been consistently applied to all the years presented unless otherwise stated, AA. Revenue recognition Revenue from contracts with customers is recognised when control of the goods or services are transferred to the customer at an amount that ‘reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. The Company assesses promises in the contract that are separate performance obligations to which a portion of transaction price is allocated. it excludes taxes or other amounts collected from customers nits capacity as an agent. The Company constructs the infrastructure (road) used to provide a public service and operates and maintains that infrastructure for a specified period of time. Under Appendix D to Ind AS 115 - Revenue from Contracts with Customers, this arrangement is accounted for based on the nature of the consideration, The intangible asset is used to the extent that the Company receives a right to charge the users of tne public service, The financial asset is used when the Company has an unconditional right to receive cash or another financial asset from or at the direction of the grantor for the construction services, Hybrid Annuity Model (HAM) contracts on hybrid annuity basis contain three streams of revenue- Construction revenue, Financing income and Operations and maintenance (O&M) income, The revenue of construction scheme of Hybrid Annuity Mode! (HAM) accrue during the Construction phase as wel as on completion of Operating anc: Maintaining phase.as per terms of the concession agreement with the Authority. The construction Stream of HAM revenues is accounted for in the construction phase of HAM, O8M income is recognized in the operating phase of the HAM, while finance income is recognized over concession period based on the Imputed interest method, Revenue during construction phase- If the outcome of a construction contract can be estimated reliably, contract revenue is recognised in profit or loss in proportion to the stage of completion of the contract. The stage of completion is assessed! by reference to surveys of work performed. Otherwise, contract revenue is recognized only to the extent of contract costs incurred that ae Ikely to ba recoverable Finance Income Finance income is recognised using effective interest rate (EIR) method. ‘The ‘effective interest rate isthe rate that exactly discounts estimated future cash payments or receipts through the expected life ofthe financial Instrument to: ‘te gross carrying amount of the financial assets; or ‘the amortized cost ofthe financial abilities, ‘Other Income Allother income is accounted on accrual basis when no significant uncertainty exists regarding the amount that will be received.Income Taxes CCarcont Tax Current tax comorses the expected tax aayable or receivable on the taxable income oss for the year and any adjustment to the tax payable or receivable in respect of previous years. The amount of current tax reflects the best estimate of the tax amount expected to be paid or received ‘after considering the uncertainty f any, related to income taxes. tis measured using tax cates (and tax laws] enacted or substantively enacted by the reporting cate Current tax assets and current tax labilties are offset only if there is 2 legally enforceable right to set off the recognised amounts, and iti intended to realize the asset and settle the liailty on anet bass or simultaneously, Deferred Tax Deferred tax is recosnised in respect ef temporary differences between the cerrying emounts af assets and lablities for financial regorting purposes and the corresponding amcunts used for taxation purposes. Deferred taxis also recognised in respect of carried forward tax losses and tax credits, Deferree income tax assets and lablties are measured using tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect cf changes in tax rates on deferred income tax assets and lables is recognized as income o° expense in the period that includes the enactment or the substantive enactment date. A dferrad income tex atset is recognizad to the extent that i is probable that future taxable profit willbe available against which the deductible temporary differences end tax losses can be utilized. The company offsets current tax assets and current tax abilities, where it has a legally enforceable right to set off the recognized amounts and where it intends ether to-ettleen a net bass, or ta realize the asset and settle the lability simultaneously . Einanclalinsteuments ‘financial instrument is any contract that gives rise to a financial asset of one entity and a financial lability or equty instrument of another enti, Financial assets and labiltes ae recognized when the Compary becomes a party to the contractual provisions of the instrument. Financtal Assets: Classification: The Company elasifis its finan assets inthe following messuremert categories: I) Those te be measured subsequently at fir value (ether through other comprehensive income, of through the Statement of Profit or Loss| and Ii) Those measured at amortized cost. ‘The classification depends onthe entity's business model for managing the financial assets and the contractual tarms of the cash flows Initial cecognition and measurement Financial assets are recognized when the Company becomes a party to the contractual provisions of the instrument. Financial assets are recognized initially at fair value plus, inthe case of financial assets not recorded at flr valve through Statement of rofitor Loss, transaction costs that are attributable to the acquisition of the financial assat. Transaction costs of financial assets carried at fair value through profit or lass are ‘expensed of in the Statement of Profit or Loss Subsequent measurement After initial recognition, financial assets are measured a: I) Fair value [either through other comprehensive income or through profit Ii) Amortized cost Deb instruments Subsaquent measurement of debt instruments depends on the Comgany business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories nto which the Company classifies is debt instruments |) Amortized Cost: Asses that are held for collection of contractual cashflows where those cash flows represent solely payments of principal and Interest are measured at amortized cost Interest income f-om these financial asets is included in finance income using the effective interest rate ‘method. Any gan or lass arising an derecognition is recognised cirectly in profit or loss and presented in other gains / (lasses). Impairment losses are presented as separate line item in the statement profit and loss, ii] Fair Value through Other Comprehensive income (FVOCI): Assets that are held for collation of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of princigal and interest, are messured at FVOCI. Wovements in the carrying amount are taken through OC, except forthe recognition of impairment gains ar losses, Interest revenue and foreign exchange gins and losses, which are recognized inthe Statement of Profit and Loss. When the financial asset is derecoghized, the cumulativ Fecognized in OCI Is reclassified from equity to profit or loss and recognised in other gains/ (losses) Interest income frm Hh included in other incarme using the effective interest raze method, /ii) Fair Value through Profit or Loss (FVTPL): Assets that do not meet the ertena for amortized cost or FVOCI are messured at FYTPL, A gain or loss on a debt investment that is subsequently measured at far value through profit or less is recognized in prof or loss in the period in which it farses: Interest income from these financial assets are recognized inthe Statement cf profit and loss. Impairment of Financia Assets ‘The Company apalies Expected Credit Loss [ECL] model for measurement and recognition of expected credit loss on the following financial assets and credit isk exposure 1} Financial assets that ave debt instruments, and are measured at amortize cost e.g, loans, deposits, and bank balance 1) Trade Receivables; ‘The Company follows 'simpified approach’ for recognition of impairment loss allowance on trade receivables, which do not contain a significant financing component. The application of simplified approach does not require the Company to track changes in credit risk Rather, it recognizes Impairment oss allowance uased on lifetime ECLs at each reporting dat, right From its inital recognition Derecognition of Financial Assets ‘financial asset is derecognized only when 11 The Company has transferred the rights to receive cashflows from the Financial asset or 1) Retains the contractual rights to recuve the cashflows of the nancial aset, but assumes @ contractual obligation to pay the cash lows to one. or more recipients. Where the entity has transferred an asst, the Company evaluates whether it has transferred substantially all sks and rewards of ownership of the financial asset. In such cases, the financial asst is derecognized. Where the entity has not transfered substantaly al rsks and rewards of ‘ovanership of the financial asset, the financial asset srt derecognized. Where the entity has neither transferred a financial asset nor retains substantially all risks and rewards of ownership of the finaneal asset, the financial asset is de recognized i the Company has not retained cortrol ofthe financial asset. Where the Company retains contol ofthe financial asset, the asset is continuee tobe racognized tothe extent of cantinuing invelverentin the financial asset Income Recognition Interest income - Interest income from financial assets a flr value through proft or loss is disclosed as interest incame within other income, Interest income on financial assets at amortized cost and financial assets at FVOCI is calculated using the effective interest method i recognise in the statement of arafit an loss a part of other income, Interest income is calculated by applying the effective interest rte tothe gross carving amount of a financial asset except for financial assets that subsequently become creditimpaired. For creditimpaired financial assers the effective interest cate is apslie te the net carrying amount of the financial asset [after deduction of the iss allowance) Financial abilities: Initial recognition and measurement Frnancialiabiities are initially measured at its fai value plus or minus, n the case of a financial ality not at fir value through profit ols, transaction costs that are directly attributable tothe issve/origination ofthe financial lability Subsequent Measurement Financial liabilties are classified as measured at amortized cost or FVTPL. A financial liabllity Is classified as at FVTPL fit is classified as held fore trading, or tsa cerivative o itis designated as such on intial recognition. Financial ialities at FVTPL are measured at fair value and net gains and losses, including any interest expense, are recognized in starement of profit ard loss. Other financial liabilities are subsequently measured at emorticed cost using the effective interest ‘method. interest expense and foreign exchange gains and losses are recognized in statement of profit and lass. Any gain or loss.on devecogrition is also /ecognised im statamant of pafit ans loss. Derecognition ‘ financial lability is deracognized when the obligation specified in the contracts discharged, cancelled or expres. The difference hetween the carrying amount ofa financial liability that hes been extinguished or transferred to anather party and the consideration paid, including any non cashassets transferred or labiltias assumed, s recognized in profit or loss as other gains/(osses Offsetting Financial Instruments Insolvency or bankruptcy ofthe Company or the counterparty,. Critical estimates and judgments. Preparation of the financial statements requires use of accounting estimates which, by definition, wil seldom equal the actual results. This note provides an overview of the areas that involved a higher degree of judgments ar compleity, and of items which are mere likely to be materially adjusted due to estimates and assumptions turning out to be ciforent than thase originally assessed. Detaled information about each of these estimates and judaments is inchided in relevant nctes together with information about the bass of calculation for each affected line item in the financial statements Judgments in applying accounting policies ‘The preparation of financial statements requires management to exorcise judgment in apalying the Company/s accounting policies. It also requires the use of estimates and assumptions that affect the reported amounts of assets, labiltles, income and expenses and the accompanying Ulisclosures including disclosure of contingent lables. Actual results may differ from these estimates, Estemates and underlying assumptions ate reviewed on an ongoing basis, with revisions recognised in the period in which the estimates ae revised and in any future periods afected, a) Revenue from contracts with customers ‘The Company applied the following judgments that significantly affect the determination of the amount and timing of revenue from contracts with customers |. Determination of stage of completion |i. Estimation of total contract costs; li Estimation of total contract revenve, including recognising revenue on contract variations and claims only to the extent i is highly probable that 2 significant reversal in the amount recognised will not occur in the future; Iv. Estimation of project completion date; and ¥. Assumed levels of project execution productivity. 'b) Contingencies and commitments In the normal course of business, contingent lilies may arise from litigation and other claims against the Company. Potential labilties that have 8 low probability of crystalizing or are very dificult te quantity relably, are treated as contingent labilties. Such liabilities are disclosed in the notes, if any, but are not provided for in the financial statements. There can be no assurance regarding the final outcome of these legal proceedings. )_ Impairment testing |. Judgment |s also required in evaluating the likelihood of collection of customer debt after revenue has been recognised, This evaluation requires estimates to be made, including the evel of provision to be made for amounts with uncertain recovery profiles. Provisions are based on, historical trends in the percentage of debts which are net recovered, or an more detailed feviews of individually significant balances 1. Determining whether the carrying amount of these assets has any indication of impairment also requires judgment. If an indication of 4) Taxes ‘The Company periodically assesses its liabilities and contingencies related to income taxes for all ears open to scrutiny based on lates information available. The Company records its best estimates of the tax lisilty in the current tax provision, The management belleves that they have adequately provided for the probable outcome ofthese matters, Deferred tax assets are recognised for unused tax losses to the extent that its probable that taxable profit wll be avallable agbinst which the losses an be utilised, Significant management judgment is required to determine the amount of deferred tax assets that ean be recognised, based upon the likely timing and the level of future taxable pratt, ©) FairValue Measurement The far value of financial instruments that are not traded in an active market is determined usin valuation tachnigues. In applying the valuation techniques, management makes maximum use of market inputs and uses estimates and assumptions that ae, as fa as postbe, consistent with observable date that market participants would use in pricing the instrument Where apolcable datas rot observable, management uses ts best estimate about the asumotons tat market participants would make. These estimates may vay rom the atu pies that mould beach an arm’ length transaction at the reporting date, For detalls of the Key assumations used and the Impact of chenges to these = Cy V/ CHARTERED yANTS. Basis of preparation 4, Compliance with ind AS ‘The financial statements of the Company comply in all material aspects with Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 {the Act) read with Rule 4 of the Companies (indian Accounting Standards} Rules, 2015 and other relevant provisions of the Act. 2. Historical cost convention ‘The financial statements have been prepared on a historical cast basis, except that there are certain financial assets and financial labilties are measured at fair value; ‘Segment reporting Operating segments are reported in a manner consistent with the Internal reporting provided to the chief operating decision maker (CODM). The Directors of the Company has been identified as CODM and he assesses the financial performance and position of the Company, and makes strategic decisions. Refer Note 2.31 for segment information Operating cycle ‘Assets and liabilities are classified as current iit is expected to realize or settle within 12 months after the balance sheet dat. a ENGLAE on CHARTERED. ACCOUNTANTS FRNOO6185N £0CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD CIN: U45402PB2021PTCOS4854 Material Accounting Policies and explanatory notes to Standalone Financial Statements (All amounts in & Lakh’s unless stated otherwise) (Ceara yorn eee rors ror irkchisnis DES OM ere) Deferred Tax Asset (a) [Deferred Tax Asset 478 298 [Total 478 2.94 Se rd cay rr Leben Deer) (A)_ [Balance with Banks ~_ in Current Accounts 059 0.36 [Total 059 0.36 (eet pry rey Lipide ESE UMC LES 72) [Borrowing Charges in Advance ()__ Balance with Government Authorities 5.58 0.87 (C)__ Prepaid Expenses 19.33 [Total 26.90 287 £) CHARTERED ACCOUNTANTS FRNOO6I8SN,CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD. CIN: Uasa02P82021PTCOS4a54 Material Accounting Policies and explanatory notes to Standalone Financial Statements aw amounts in Lath unis satea otmerwise) Coe Meee [authorized Snare Capital ,00,000 equity shares of #10 23ch [rota issued, suber and paid Equity Share Capita 10,000 equity shares of Dench [authored Share Capita) ,00,000 eaity shares of x TD each Total Issued, subienbed and paid up 10.000 equty shares oF 10 each otal [Additions information in econciltionof Equity share Capital [In Numbers) Aeat rs Lire Pome err Shares outstanding at the beginning ofthe year 10,000 10,090 [Shares sued curing the ver [Shares outstanding at the end ofthe year 30000 0,000, (8) Uist of Shareholders holding more than 5% ofthe Equity Share Capita ofthe company(in number} 1 per registered members/shareholders,reprensentng both legal & beneclal interest inthe cwnershipof shares rr Coed ee (Coigal nea Projects Pt ek (€ Shareholding of Promotes Share ad by promoters a the and ofthe year Tames | tae tonne] Promoter Nere Shaembising | sora te year | Sagano ia Fal Tose) — soar] cee Brees PRL Zeal sere] orm —] (0) Therights attached to equity shares ofthe Company The Company has ony one class ofshareshaving apa value of Rs. 10/- each, The holder of eauty shares are ented to one vote per share Inthe event of liquidation a the Company, the holder of equity shares il be ence te receive ‘teution ofa aeeterental rrounts. The distrution wl bein prapetion fo the num (€) The company has not declares any dividend (F Therese no bonus shares sted during ths ast ve ye remaiing assets of the Comaany, after Jo of equity shares hod by che shaehelders TERED. INTANTS \.CHANDIGARYrene auio>iy ansuayosduses 19990 (> elwo3 a piosa201pasn avn ¥epI03N6 postin st 99:9694 94 sOAHININE Jo INE UO PAN ,29 01 s0500n A eee 10 pu stuwseg paureiay (e ansas91 pea yo asodind pue aumeu jo uons2s00 7 —_ ‘pouad |(oz'vt) lior'vt) : - s | = _ = (2) - lea ows less) eso seo sea a _ = 4 — ~ pond tess les sew sen os aus a rn a 3009 oo Coe ee To) an pny ees Ee eee ae) fore 290 ee eto) er) co ve-e20e ra Bucy sone 529202 pang upvods Wann CEECEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD. CIN: U45402PB2021PTC0S4854 Material Accounting Policies and explanatory notes to Standalone Financial Statements Seer Cots Cr inte ee Ree aero eer eo) (A) |Loan from Related Parties 41.39 12.50 [Total 41.39 | 12.50 Ceneecnn Peer rr re “ohio Deere OMe ETE) [Trade Payables - Cla: ied at amortised cost (A) [Total outstanding due to micro and small enterprises 2.98 0.27 (8) [Total outstanding due to creditors other than micro and small enterprises 0.56 1.06 [Total 3.50 132 # This information as required to be disclosed under the Micro, Small & Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company. Note 1. Payables are normally settled within 1 to 180 days (eC ec rs ros oe LETT (A)_ Statutory Dues 0.28 0.01 (8) Expenses Payable 0.30 0.08 058 0.08 COUNTANTS RNOUGI8SNCEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD. CIN: U45402PB2021PTC054854 Material Accounting Policies and explanatory notes to Standalone Financial Statements (all amounts in & Lakh’s unless stated otherwise) es Ene reo Ear (A) Salaries, Wages and Allowances - 131 Total = 131 (eee oe Cores Ere (A) Others Ott 0.00. Total oid 0.00 (Eee (A) Payment to Auditors. Statutory Audit (B) Rent (C)_Legal & Professional (O)_Insuance Expenses (E)_ Fees and Taxes (F)_ Other Miscellaneous expenses Total oe N006185N_/ */ Tm NDIGARY~CCEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD. ‘aI: vasaozpsz021TCosdas4 "Material Accounting Policies and explanatory notes to Standalone Financial Statements aE. rr por es Pacers co ener the year Deferred tax assets: \Unamortised Preoperailve Fapenaet FEC} O75 734 Ta) a8] [Total deferred tax assets 233] 75) 2.94) 1.83] ame jefecred tax asset has been recognised 4 the ¢ certain that che deferred tax asst shall be realised against future taxable income: ‘Current Periog {) Movement in deferred tax assets pany has adequate firm orders and execution plan forthe next 3 financial years and is reasonably Cr ‘Asat April 1, credited to profit (Charged) / Cee pores Poem Deferred tax asset arising out of Unamortsed Preoperative Gxpenses 294 i 27a Net deferred tax assets 234 Tas z a7 Previous Reporting Period (2) Movementin defected tax assets ror Se ee Eerie Peet mee [Deferred tox asset arsing out of: 'Unamortised Preoperative Fxpences zs as | an Net deferred rax assets 239 075 So ‘CHARTERED. CCOUNTANTS ERNOO6I8SN TANDIGARS.CEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD. CIN: U4sa02PB2021PTCosags4 ‘Material Accounting Policies and explanatory notes to Standalone Financial Statements {All amounts in & Lakh's unless stated otherwise) (Eee) The Company's earnings per share is determined based on the net profit attributable to the shareholder's of the Company. Basic earnings per share is computed using the weighted average number of shares outstanding during the year. Particulars 2024-25 2023-24 Profit forthe year attributable to Equity Shareholders, (5.45) (2.23) (Calculation of Weighted Average Number of Equity shares ‘Number of share atthe beginning of the year 010 010 Total equity shares outstanding atthe end of the year 0.10 030 Weighted average number of equity shares outstanding during the year 0.10 010 [Adjusted Basic Earnings Per Share (in ®) asi) (2230)] Diluted Earnings Per Share [In ®) (5451) (22.31) Nominal Value of Equity Shares (in ®) 10.00, 30.00 sNGLAT ‘0 GAARTERED (UaccounTanrs FRNOO618SN, GANICOIE co coor covioe woe "aueM Te SCOR DIE TE ‘soupey Peete pee Poe) sanehea sn creme pete ee ene ee ec (seer ur aunouy) Se0z EO AVS 1 jgeted ogo pue ape, pedun ave woe eu 4 50 puD au 01 1) AueaueD a 3 paptow sa we 78 0} snnge wasaxdoysunoue 35241 uy s€ sos} C101U9 jews pUE OID 62 SONG JO SHEIBN ST FON BIONon pakojdua fences vo wunsoy aa leude> Sunyom aBesany| sajgeked open aBesony| soigenjanes apen afesone| pue wawdinba j suonesedo wou anuanayl one a om ania 0 murs | saoee sos TTF aa (sown eo paimasun 0 ana “ mee ‘soy)ey URUROY SHOTEA TET BIONNote 20: Related party transaction Derails of elated party era Nature of Relationship Colgall naa Lined Hiding company Ceigll info Projects Private Limited [associate company Key Management Personnel (kMP) ‘Majid abbas khan (oreeter Pradip Kumar Manda) (irector Related Party Transactions with Parent Company and its losing balances The terms and conditions of the transactions with key management personnel and thir related partes were no more favorable than those avalable, or those which might reasonably be expected to be available, in respect of similar transactions with non-key management ‘ersonnel rated entities on an arm's length bas’ The transaction from related partes are made on terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the yearend re unsecured and interest fee ‘The aggregate value of the Company's transactions and outstanding balances relating to key man they have control or significant influence isa fellows jement personnel and entities over which Details of related party transactions (amount in Lakhs) [Issue of Share Capital egal rain umited Le gal infra Projects Private Unite [Unsecured Loan O/s Balances egal infra Projects Private Lee ‘evgal India Lmtd [Unsecured Loan availed [cigs ora Projects Prato Unntea Coigal naia Ue fOfice Expenses Purchase of Services ene [other Payable Coigall Inala HARTERED. APCOUNTANTS ~ FRNOO618SN,(Quanintiveacosures al vaue mensuemen herarchy frases 3 31t March 2025 amount in tas) Ces rrvawe Fete ce eee oe seed ee Te ovountin ak) ce ele ppee ORTE ae A ila conga ne onpe R toss. hiyyneerony ee ee serowings ne ase \~ PHARTERED yECOUNTANTSNote: ‘The Following table provides the tar value measurement hierarchy ot Company's assets and Habits grouped into Level 1 to Level 3 as descrited in significant accounting nolices,& further table describes the valuation techniques used, Key inguts to valuations and quantitative informatian about slenificant unobservable inout Fr fair value meaturements, ‘The carrying amount of financial assets and liabilities are considered to be the same as thelr fair values due tothe current and short-term nature of such balances and no material differences inthe values Measurement of far values [Levels 3,2 and 3) Level: Itincludes investment in equity shares and mutual fund that has a quoted orice and which are actively traded on the stock exchange. ithas been valued using the closing price as at the ceporting periad on the stock exchange. evel:2 ‘The fair value of financial instruments that are not traded in an active market s determined using valuation techriques which maximize the use of observable market data and rely as litle as possible on entity specific estimates. fal significant inputs required to fai value an instrument are Level:3 These instruments are valued based on significant uncbservable inputs whereby future cash flows are discounted using appropriate disccunt rate, When measuring the fair value ofan asset ora lability the Company uses observable market data as far as possible. if the inputs used to measure the fair value of an asset or ibility fall into different levels of che far value hierarchy, then the fair value measurement i categorized ints entirely inthe seme level of the fae value hierarchy as the owest evel input that is significant to the entre measurement, Note 22: segment Reporting ‘Basis for Segmentation In accordance with the requirements of Iné AS-108 Segment Reporting, the Company is primanly engaged ina business of civil construction and has no ‘other arimary reportable segments, The Directors of the Company allocate the resources and assess the performance of the Company, thus he is the Chief Operating Decision Maker (CODM), The CODM monitors the operating results ofthe business as single segment, hence na separate segment needs Information about Geographical Areas 4s the Company operates in India only, hence no separate geographical segment is dsclosed. Information about Maior Customers Roverue of the Company derived from single customer (NHAl} which amounts to 10% or more ofthe Company's revenue. i financial te cregit risk on the fmancia asets has not increased since the initial recognition, theretore company measure the loss allowance forthe tinanclal assets at an amount equal o 12 month expected creit losses. Since the financial assets are expected to be realized within the contractual periog of the Invoice raise, as such, there is no ECL (expected credit loss) envisaged inthe value of fnanclal ascets under SCA |Servlce Concession agreement) by the management ‘Note 20: Fair Value measurements ‘The Company does not have any activity as on date sa there is no significant risk exposure. AR SINGLAS Ae £6 Y CHARTERED ACCOUNTANTS FRNO0618SN_ CHANDIGARSSSLO fia — ‘Dead xe) BUT me er luo aouazayip woueusad jo ‘Seusdro ver papedes payday] Mars mars ® THe pea) Be we Saxe; aWODUTSORG ve07 s20e stejnoqueg “TE WPICW PApUD EDA pIeT wl SU wUMOURGY puosal y :mojaq paziewuuns 5 sexes 2ui02u 210409 awODU) 24} 0} aed Key DUIODU! AJOANIeIS dtp AULA Aq PoanNdutOD uNoWE oy) o9 UorsiNO4d EY aUHODLH up JO sco eer ‘Dauada wer auOTT C0. fee Sore pe 207 S202 TE H>IEW Papua seaA (Bipev or sy ur unouyy sasuduiod 8507 pue youd Jo uouoyeys u asuadyo xe) 2094) SRETSWODUL Jo VoREHEuOREY =z BION sin su ‘wore :97 a10N ‘y20z/E0/LE Uo se pur szaz/eo/tE uO se A 2 Saunas YaIYR pouad Funsoday ay) sae IANA IUANbAsA|NS OU S| 2204.Note 28: Other Notes In the opinion ofthe Board, the eurent asiets, loans & advances, havea value on realization inthe ordinary course of business at last equal tothe amount at which they ae stated in the Balance Sheet ‘There ware notation pending against the company which could be materially impacts financial postion as at the enc ofthe year. No transactions ta report against the fallowing disclosure requirements as notified by MCA pursuant to amended Schedule it {a} Crypto Currency or Virtual Currency (6) Benam Property held under Benami Transactions (Prohibition) Act, 1988 [4 of 1988) (¢) Registration of charges or satisfaction with Rogistar of Companies (6) Relating to borrowed funds Wilf defauleer | Utiization of borowed funds & share premium Wi, Borrowings cbtained on the bass of security of curcent asets iv. Discrepancy in utlzaticn of borrowings ¥. Gurren maturity ef long-term borrowings (e) Tele ceeds of company as no cases pending forthe same (Revaluation of property, Plant and equipment as n0 such revaluation taken place. & Relationship with Struck off Companies CCEIGALL LUDHIANA BATHINDA GREENFIELD HIGHWAY PVT.LTD As per our report of even date ‘IN: U4saozPE202IPTCOS¢8S4 For DATTASINGLA & CO, (CHARTERED ACCOUNTANTS aiid Abbas Khan Director DIN: 10818267 UOIN Wo: 2 S84 BN A Place: 4 Ap bre onoSanas SUGAR