The Financial statements are presented in Indian Rupees, which is the functional currency of the Company.

Transactions in currencies other than the company's functional currency are recognized at the exchange rate prevailing on the date of transaction. Monetary assets and liabilities are denominated in foreign currencies are translated into the functional currency at the closing exchange rate prevailing as at the reporting date. Non- Monetary assets and liabilities denominated in a foreign currency are translated using the exchange rate prevailing at the date of initial recognition (in case measured at historical cost) or at the rate prevailing at the date when the fair value is determined (in case measured at the fair value)

Foreign exchange differences are recognised in profit and loss in the period in which they arise except for the exchange difference on foreign currency borrowings related to assets under construction for future productive use, which are included in the cost of those assets when they are regarded as an adjustment to interest cost on those foreign currency borrowings

Note 34 e) Details of unutilised amounts out of issue of securities made for specific purpose

The Company has not made any issue of securities for a specific purpose during the year.

Accordingly, the disclosure regarding unutilised amounts out of issue of securities is not applicable and has not been presented in the financial statements.

The company has duly filed MSME-I for the period April-24 to March-25 as per the prescribed format and disclosed all the required details.

Above outstanding not includes the amount payable to Capital Creditors also which is included in Note: 14: Long Term Loans and Advances (Capital Advances) and others included in Trade payables which includes payable for RM, FG & other Expenses.

Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the basis of information collected by the Management. This has been relied upon by the auditors.

36.04 AS-14: Accounting for Amalgamations

The company has not entered in to any amalgamation transactions, hence the AS-14 for Accounting for Amalgamation is Not Applicable.

36.05 AS-15: Employee Benefits

In view of the ongoing Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code, 2016, the Company has not carried out an actuarial valuation of gratuity and leave encashment liabilities for the year ended 31 March 2025, as required under Accounting Standard (AS) 15 - Employee Benefits.

Accordingly, no provision has been made in the books of account towards such employee benefit obligations.

Due to the non-availability of an actuarial valuation report, the impact, if any, on the profit or loss for the year, liabilities, and reserves and surplus could not be ascertained and has not been provided for in these financial statements.

i) Short Term Employee Benefits

Short term employee benefits are expensed as & when the related service is provided. A liability is recognized for the amount expected to be paid if the company has existing legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

ii) Long-Term Employee Benefits

The liability for the earned leave is not expected to be settled wholly within twelve months after the end of the period in which the employees render the related service. They are therefore measured as the present value of expected future payments to be made in respect of services provided by employees upto the end of reporting period with actuarial valuations being carried out at each balance sheet date. The benefits are discounted using market yields at the end of the reporting period that have terms approximating to the terms of the related obligations.

iii) Post Employment Benefits

a) Defined Contribution Plan

Payments to defined contribution retirement benefit plans are recognised as expenses when the employees have rendered the service entitling themselves to the contribution.

Provident Fund: The employees of the company are entitled to receive the benefits in respect of provident fund, a defined contribution plan, in which both employees and the company make monthly contributions at a specific percentage of the covered employees salary.( currently 12% of employee's salary) The contributions are made only for those employees whose salary is below or at par with the limit prescribed by the law. The contributions as specified under the law are made to the provident fund and pension fund administer by Regional Provident Fund Commissioner The Company recognises the such contributions as and expenses when incurred.

b) Defined Benefit Plans

For defined benefit retirement plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial valuations being carried out at the end of each annual reporting period. Re-measurements, comprising actuarial gains and losses, the effect of changes to asset ceiling (if applicable) and the return on plan assets (excluding net interest), is recognised in profit and loss account for the period in which they occurs.

Defined benefit costs comprising service cost (including current and past service cost and gains and losses on curtailments and settlements) and net interest expenses or income is recognised in profit and loss.

The defined benefit obligation recognised in the balance sheet represents the actual deficit or surplus in the company's defined benefit plans. Any surplus resulting from this calculation is limited to the present value of any economic benefits available in the form of refunds form the plans or reductions in future contributions to the plan.

The obligations are presented as a current liabilities in the balance sheet in the entity does not have an unconditional right to defer the settlement for at least twelve months after the reporting period, regardless of when actual settlement is expected to occurs.

Gratuity: The company has an obligation towards gratuity, a defined benefit retirement plan covering eligible employees. The plan provides lump sum payments to vested employees at retirement, death while in employment or on termination of employment of an amount as per the provisions of the Payment of Gratuity Act,1972. Vesting occurs upon completion of five years of service. The

36.07 AS-17: Segment Reporting

Considering the nature of Company's business, there is only one reportable segment in accordance with the requirement of AS-17 on "Segment Reporting", hence separate disclosure of the segment information is not considered necessary.

36.08 AS-19: Details of leasing arrangements

There are no leasing agrrements made by the company. Hence, no disclosure is required under AS 19.

36.11 AS-24: Discontinued Operations

The company has not discontinued any operations during the year.

36.12 AS-26: Details of research and development expenditure recognised as an expense

Cian HealthCare Limited has not spent any amount for Research an d Development which is considered as an expenses during the Year.

36.13 AS-27: Interest in Joint Ventures

Cian HealthCare Limited has not entered in any joint ventures contract during the Year

36.14 AS-29: Provisions, Contingent Liabilities and Contingent Assets Provisions:

Provisions are recognized only when there is 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.

Contingent liability:

a) Possible obligations which will be confirmed only by future events not wholly within the control of the

b) Present obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

Contingent Assets

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. Contingent assets are not recognised and disclosed only when an inflow of economic benefits is probable.

37 Other Notes

a) Interim Resolution Professional (IRP) had made a public announcement on 17.08.2024 inviting claims from creditors of the Company. In response to the public announcement, till date Resolution Professional (RP) has received total claims of INR 81,43,20,511/- which comprises of claim for a sum of INR 32,66,83,190.23.00/- from secured financial creditors sum of INR 6,90,75,266.00/- from unsecured financial creditors, INR 6,01,98,350.00/- from operational creditors (Government Dues), INR 49,02,784.00/- from Operational creditors (Workmen) ,INR 46,87,249.93/- from Operational creditors (Employees), INR 34,87,38,518/- from operational creditors (other than Workmen and Employees and Government Dues), INR 35,152.73/- from other creditors. The claim of INR 68,60,76,684.86- are admitted, INR 8,97,43,586/- are under Verification, INR 20,85,968/-Amount of Contingent Claims and the remaining claim of INR 8,97,43,586 have been rejected.

b) Considered Company is require to be run as a going concern under CIRP, the financial statement have been prepared on the going concern basis.

c) Previous year figures have been reclassified/ regrouped wherever neccasary to confirm classification of current year.

d) The Company has not obtained balance confirmations in respect of security deposits held by the company and those given by the company as at the balance sheet date. Also, Comany could not obtain in respect of loans and advances, trade receivables, trade payables, advances given and other receivables and payables as at the balance sheet date. Balance confirmation could not be received from the banks amounting to Rs. 1765.15 Lakhs.

e) As at March 31, 2025, the Company has reported loans and borrowings of Rs. 4001.36 from various banks, financial institutions and other parties. Bank statement of Rs. 3313.28 and Balance confirmation of Rs. 4001.36 has not been received by the company. In the absence of necessary information and in view, of the pendency of the CIRP, we are unable to comment on probability of occurrence of any default and the actual liability that may devolve on the Company in this regard.

f) As the Company is under the Corporate Insolvency Resolution Process (CIRP) pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016, interest expenses have not been accrued for the period subsequent to August 14, 2024. Interest has been accounted for only up to August 14, 2024, and no provision has been made for interest expenses beyond this date.

g) Primary security comprises exclusive first pari-passu charge on the company's entire current and fixed assets, including proposed factory and plant & machinery at Roorkee (Uttarakhand).

Collateral security includes equitable mortgage of various properties in Sangli, Satara, Pune, and MIDC Wai; lien on FD of Shri Suraj S. Zanwar; brand assignment; key man insurance (^110 lakh each); and pledge of 10% of paid-up share capital.

For CC and TL, second pari-passu charges exist respectively on fixed and current assets.

Personal guarantees provided by Shri Suraj S. Zanwar, Smt. Kavita S. Zanwar, Shri Pankaj S. Zanwar, Smt. Sheetal P. Zanwar, Smt. Shakuntala Zanwar, and Shri Abhishek Bhandari (to the extent of ^300 lakh).

h) In the absence of necessary information and in view, of the pendency of the CIRP, all borrowings have been classified as short term borrowings for whom claims have been received by the company.

i) The classification of Long term Borrowings have been done for the borrwoing against which no claims have been received by the company.

j) Company has not conducted physical verification of inventory at reasonable intervals during the year. Valuation of inventory as at the balance sheet date was carried out by the management with the assistance of an external party and as per the valuation done the total value of inventory as on 31st March 2025 is Rs. 1869.14 lakhs.

k) Interest on fixed deposits has been accounted for based on FD statements received by the company. However, interest certificates from all banks have not been received as of 31st March 2025, which may affect the accuracy of interest income recognition.

l) Since the company in under CIRP and the final outcome is not known, the management has not taken any assessment of impairment as required by AS 28 on Impairment of Assets, if any, as at 31st March, 2025 in the value of tangible as well as intangible assets.

m) The balance of Goods and Services Tax (GST) payable as per the books of accounts does not reconcile with the liability reflected on the GST portal as on the reporting date. The difference is under review and is primarily on account of timing differences, input tax credit adjustments, and/or reconciliation errors. The management is in the process of reconciling these differences and will take necessary corrective actions, including adjustments or disclosures, upon completion of the reconciliation process.

n) The Company do not have any sufficient information hence details of any Benami property, struck off company, crypto currency, investment in others directly/indirectly through intermediary in foreign, non recorded transaction or comply with clause 2(87) of the Act read with the Companies(Restrictions on Number ofLayers) Rules, 2017 is not provided.

o) The company has not maintained adequate and proper records pertaining to the receipt of foreign currency. Consequently, the foreign exchange gain or loss as recorded in the books of accounts may not accurately reflect the actual impact.

Variance in excess of 25% is mainly due to the following reasons:

Current Ratio: The current ratio has declined significantly compared to the previous year, primarily due to an increase in current liabilities. The company has been undergoing the Corporate 1 Insolvency Resolution Process (CIRP) since August 14, 2024, which has resulted in considerable financial distress. A major component of the increased current liabilities comprises deposits received from resolution applicants as part of the CIRP proceedings.

Debt-Equity Ratio: The debt-equity ratio has increased during the current financial year, primarily as a result of losses incurred during the CIRP period, which have reduced the equity base. This increase reflects the heightened financial leverage associated with the insolvency resolution process.

Debt Service Coverage Ratio (DSCR): The debt service coverage ratio has deteriorated during the current financial year, primarily due to the losses incurred and a substantial increase in debt 3 liabilities. The ongoing Corporate Insolvency Resolution Process (CIRP) since August 14, 2024, has further impacted the company's ability to generate sufficient operational cash flows to service its debt obligations.

Return on Equity (ROE): The return on equity ratio has declined during the current financial year, primarily due to losses incurred while the company has been undergoing the Corporate Insolvency Resolution Process (CIRP) since August 14, 2024. The ongoing financial distress during the CIRP period has adversely impacted the equity returns.

Inventory Turnover Ratio: The inventory turnover ratio has increased during the current financial year, primarily due to a decline in the company's operations and a corresponding reduction 5 in revenue from operations. The slowdown is attributable to the ongoing Corporate Insolvency Resolution Process (CIRP) since August 14, 2024, which has affected the company's normal business activities.

Trade Receivable Turnover Ratio: The trade receivable turnover ratio has increased during the current financial year, primarily due to a decline in revenue from operations. Additionally, the ongoing Corporate Insolvency Resolution Process (CIRP) since August 14, 2024, has contributed to delays and challenges in realizing amounts due from debtors.

Trade Payables Turnover Ratio: The trade payables turnover ratio has increased during the current financial year, primarily due to a decline in the company's operations. Additionally, the ongoing Corporate Insolvency Resolution Process (CIRP) since August 14, 2024, has impacted the company's ability to meet its financial obligations in a timely manner.

Net Capital Turnover Ratio: The net capital turnover ratio has declined during the current financial year, primarily due to a substantial increase in current liabilities relative to current assets 8 compared to the previous year. Additionally, the company experienced a significant decline in revenue from operations during the period, exacerbated by the ongoing Corporate Insolvency Resolution Process (CIRP) since August 14, 2024.

Net Profit: The net profit for the current financial year has declined, primarily due to losses incurred during the period. The ongoing Corporate Insolvency Resolution Process (CIRP) since August 14, 2024, has contributed to operational and financial challenges, adversely impacting the company's profitability.

Return on Capital Employed (ROCE): The return on capital employed has declined during the current financial year, primarily due to losses incurred and the ongoing Corporate Insolvency 10 Resolution Process (CIRP) since August 14, 2024. Additionally, the regrouping of certain non-current liabilities into current liabilities as part of the CIRP has further impacted the capital base, thereby reducing the ROCE.