B.12 Provisions

A provision is recognized when the company has a present obligation as a result of
past events and it is probable that an outflow of resources will be required to settle
the obligation in respect of which a reliable estimate can be made. Provisions are not
discounted to their present value and are determined based on the best estimate
required to settle the obligation at the Balance Sheet date. These are reviewed at
each Balance Sheet date and adjusted to reflect the current best estimates.

B.13 Input Tax Credit

Input credit is accounted for in the books in the period in which the underlying
service is accounted and when there is no uncertainty in availing / utilizing the
credits.

B.14 Prior period items: -

Prior period items (Except Income Tax) are recognized as per As-5, prior period
(Except Income Tax) items are routed through profit and loss account amounting to
NIL.

B.15 Micro, small and Medium Enterprises

The Company has received intimation from “suppliers” regarding status under
the Micro, small and Medium Enterprises Development Act 2006 and hence
disclosures, if any, relating to amount unpaid as at the year-end together with
the interest paid/payable as required under the said act have been furnished except
from those confirmation not received.

B.16 Year End Balance Confirmation

In respect of confirmations of trade receivable, trade payables and loans & advances.
Provisions are made for the adverse variation in carrying amounts of these balances are
quantified. In the absence of any such confirmation the carrying amount is treated as
not disputed and no adjustment made.

B.17 Employee Benefits

a) Short-term employee benefits are recognized as an expense when the
related service is rendered.

b) Provident Fund and ESI contributions are accounted for on an accrual
basis.

c) Gratuity and Leave Encashment are accounted for on an accrual basis
based on actuarial valuation, where applicable as per applicable as per
Accounting Standard 15.

(d) The above disclosures are based on information available and relied upon by the
management.

(e) No amounts have been written off or written back during the year in respect of
related party transactions.

(f) Transactions with related parties are made in the ordinary course of business and on
arm's length basis.

28. Previous Year Figures

Previous year figures have been regrouped and reclassified wherever necessary
to make them comparable with the current year's presentation.

29. Presentation of Figures

Figures within the bracket in the financial statement indicates outflow of funds.

33. Segment Reporting

The Company Operates has Four reportable segments: (1) Trading of Cement (2)
Hiring of Earth Moving Equipment's (3) Loading, Unloading & Rake handling (4)
Transportation.

34. Listing on BSE Platform and Treatment of IPO Proceeds and Expenses:
The equity shares of the Company were listed on the SME Platform of BSE
Limited with effect from 24th March 2025, pursuant to an Initial Public
Offering (IPO) of 45,78,000/- equity shares of ? 10 each at a premium of ? 88
per share amounting ? 4028.64 Lakhs, aggregating to ^ 4486.44 Lakhs.

Methodology:

1. Current Ratio = Current Asset / Current Liability

2. Debt-Equity Ratio = Total Debt / (Shareholder's Equity)

3. Debt Service Coverage Ratio = Earnings Available for Debt Service/ Finance Cost
Instalment paid

4. Return on Equity Ratio = Profit After Tax /Average Equity

5. Inventory Turnover Ratio = Sale / Inventory

6. Trade Receivable Turnover Ratio = Revenue from Operations / Average Trade Receivable

7. Trade Payable Turnover Ratio = Total Purchases other expenses relating to Trade Payable /Closing
Trade Creditors

Note: When the information about credit purchases, opening and closing balances of trade creditors
is not available then the ratio is calculated by dividing total purchases by the closing balance of
trade creditors.

8. Net Capital Turnover Ratio = Revenue from Operations /Average working capital

9. Net Profit Ratio = Profit After Tax / Revenue

10. Return on Capital Employed= EBIT/ Capital Employed

11. Capital Employed=Tangible Net Worth Total Debt Deferred Tax Liability

12. Earning for Debt Service = Net Profit before taxes Non-cash operating expenses like
depreciation and other amortizations Interest other adjustments like loss on sale of Fixed assets etc.

Reason of Variance in Ratio having more than 25% as compared to the Previous year

i. Current Ratio increased mainly due to increase in trade receivable and Bank
balance.

ii. Trade Payable Turnover Ratio increase primarily due to increase in Cost of
purchase.

iii. The Net capital Turnover ratio decreased due to issue of Share capital in late March
of the year which remain unutilized till the year end.

iv. The Return on Capital employed decreased due to issue of Share capital in late
March of the year which remain unutilized till the year end.

38. Warehouse Shed

Refer note No. 11 Property, Plant and Equipment include Warehouse Shed of ^1047.28 Lakhs which
is constructed during the year 2024-25 on leasehold land.

For RKP Associates For and on behalf of the Board

Chartered Accountants
FR No- 322473E

(CA Sumanta Kumar Nayak, FCA) Khalid Khan Pravat Kumar Nandi

Partner Managing Director Director

Membership No.-115108 DIN: 06432054 DIN: 01957949

ICAI UDIN No-25115108BMJAZA4421

Nasir Uddin Khan Alka Bothra

CFO Company Secretary

M. No. : 50528

Place: Bhubaneswar
Date: May 22, 2025