2.18 Provisions tad contingencies

A provision is recognised 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 (excluding retirement benefits) arc not
discounted to their present value and arc determined based on the best estimate required to settle the obligation at the Balance Sheet dote.
These arc reviewed at each Balance Sheet dale and adjusted to reflect the current best estimates.

A contingent liability is disclosed where, as a result of past events, there is a possible obligation or a present obligation that may but probably
will not. require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of
outflow of resources is remote, no provision or disclosure is made.

2.19 Leases

a) Finance lease

i) Assets taken on finance lease are capitalised at fair value or net present value of the minimum lease payments, whichever is less.

ii) lease payments arc apportioned between the finance charges and outstanding liability in respect of assets taken on lease

b) Operating lease

i) leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased term are classified as operating
lease. Lease rent arc recognized as an expense in the Statement of Profit and loss on a straight line basis over the lease term.

2.20 F.« rmng per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average
number of equity shares outstanding during the year. Partly paid equity shares arc treated as a fraction of an equity share to the extent that
they were entitled to participate in dividends relative to a fully paid equity share during the reporting year. For the purpose of calculating
diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the weighted average number of shares
outstanding during the year arc adjusted for the effects of all dilutive potential equity shares.

2.21 Employee benefits

The Company has adopted the Accounting Standard 15- Employee Benefits prescribed under the Companies (Accounting Standards) Rules,
2006. ''Employee benefits include provident fund, bonus and gratuity benefits. The Company''s obligation towards various employee benefits
has been recognized as follows:

Short Term Employee Benefits

All employee benefits payable wholly within twelve months of rendering the service are short-term employee benefits. Benefits such as
salaries, wages and bonus wages, etc. arc recognized in the Profit and Loss statement in the period in which the employee renders the related
service.

Defined contribution plans

The Company’s contribution to provident fund arc considered as defined contribution plans and are charged as an expense as they fall due
based on the amount of contribution required to be made.

Defined benefits plans

(i) For defined-benefit plans, the amount recognised in the Balance Sheet is the present value of the defined-benefit obligation less the fair
value of any plan assets and any past service costs not yet recognised. The present value of the defined-benefit obligation is the present value
of expected future payments required to settle the obligation resulting from employee service in the current and prior periods. The discount
rale used is the market yields on government bonds at the Balance Sheet date with remaining terms to maturity approximating those of the
Company''s obligations.

(ii) Actuarial gains and losses in respect of post employment and other long-term benefits arc charged to the Statement of Profit and Loss.

rompany is at bekra:

Retiring gratuity

^{Thc Co}-W ^ ¦" oWig^wn towards grahiitv. a defined benefit retirement plan aiding eligible
employees Thc plan provides far a lump-sum payment to vested cn^loytxs at idiicinctit. death vdalc in
employment or on lemnnahon ol employment of an amount equivalent to 26 days salary payable for each
completed year of service Vesting occurs upon completion of five years of ictykc lhc Company docs not
make any contributions to gratuity funds and the plan is unfiaidcd The Company nccowtts for the liability for
gratuity benefits payable in the future based on an actional valuation

I''be defined benefit plans expose the Company

(a) Interest rhk: A decrease in lhc braid mtetest rale will increase lhc plan liability

(b) Salary ml: The present value of the defined benefit plan liability n calculated by reference to the future

of plan partterpaats As such, an increase in the salary of the plan participants wil increase the plan''s

liability

a calculated by reference to the besi
estimate of thc mortality of plan participant* An increase in the life expectancy of the plan participants will
increase thc plan''s liability

Pnntlnl fund *»d P«“—

In I---~»*b dm Fenployee''i Pranfaa Fired end MncHImieuu. lyoviuocn Aa, 1952. el,pile

cn^loyccs of die Coeop«»> me emit led lo max bcncfiu re icipecl of pxnvkM fund. e defined coauibu''un
plu, in uducb belli employee *"d ''be Company nude moodily conlnbcrean. m I Reified pe.ocw.ec „l ihe
covered wnpfo>«* rebuy Tbe cownbreuree ¦> efrecified unde, dm lew. me remk lu (Ire employee |eo< ideal
foul or piime CF-PFO) Tbe toul rnnouiu of coolnbutial nude nbidOWM PV Ki Jill 1-eUttl

Vasa Denticity Limited has recognised share based payment expenses for the years ended 31 March 2026 and 31
March 2025 based on fair value os on the grant date calculated ns per option pricing model. Hie grants represent c^ui >
settled options under the Employee Stock Option Plans

The Vasa Denticity Limited has granted ESOPs under one plan in two tranches viz. Vasa Employee Stock **P^,''°ⁿ
Schcme-2023 to its employees on an equity-settled basis as tabulated below. The F-SOPs provide a right to its
(i.e.. Vasa Denticity Limited employees) to purchase one share for each option at a pre-dctermined stnkc pnee on t c
expiry of the vesting period. The F.SOP hence represents an call option dial provides a right but not an obligation to c
employees of the Vasa Denticity Limited to exercise the option by paying the strike price on completion of vesting
period.

<*•> The Company has granted stock options to employees of the Company on an equity-settled basis as tabulated below

40 Other Mata

I The Company docs not hold any immovable property (other thin properties where the Company n the lessee and the lease agreements are duly executed
tit favour of the lessee) whose title deeds arc not held m the name ol the company or is jointly held with other*

n The Company has not revalued aay of its Property, plant and eqtupmcal diving the year ended 31 March. 2026. 31 March 2025

»n The Company has not granted any loam or advances which are in the nature of loans to promoters, directors, KMPa and the related parties as defined

under Companies Act. 2013. that am repayable on demand or without specifying any terns or penod of repayment

hr The Company docs not hive aay Benaan property, where any proceeding has been nitrated or pending agamsl the Company for holding any Benami

property

'' "H* Company is not declared as wilful defaulter by any bank or financial institution (as defined under (lie Companies Act 2013) or consortium thereof

or other leader m accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India

vt The Company does not base any relaaouship wit* strocl off companies

vri The Company is in compliance noth the number of layers for its holding us Its subsidiary companies prescribed wider clause Section 2 (t7) of the

Companies Act 2013 read with (be Companies (Restriction on number of Layers) Rules 2017.

vm The Company docs not have any approved scheme, to be complied with, under section 230 lo 237 of the Companies Act, 2013.

tx The Company docs am have aay uamaction which ts not recorded in the books of accounts that has been surrendered or disclosed as mcoroe during the

*¦ tax rorwmfnli win the Income Tax Act, 1961 (such as. search or survey or aay other relevant provisions of the Income Tax Act, 1961

a The Company has not received any hmd from any pcreonfi) or entstyfis), mdudiag foreign entities (Funding Party) with the underUandiag (whether
recorded m writing or otherwise) thal the Company shall

(a) throaty or mdncoly lend or invest m other persons or entities identified ta an\ manna whatsoever by or on behalf of the Funding Party (Ultimate
Beneficiaries) or

** Tnr Company has am advanced or loaned or invested funds (either borrowed funds or share premium or any other source* or land of funds) to any
rtber person!») m aaityfii). including foreign entities (lruermeiunec) with (he understanding that the Intermediary shall

(a) directly or mdvcaly lend or raves! ta other person* or entities identified ia any manner whatsoever by or on behalf of (he Company (I ’Inmate
Beneficiaries) or

(b) provide any guariaiee security or the like to or on behalf of the intonate Beneficiann

2.18 Provisions and contingencies

A provision is recognised 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 (excluding retirement benefits) 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.

A contingent liability is disclosed where, as a result of past events, there is a possible obligation or a present obligation that may, but probably
will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of

outflow of resources is remote, no provision or disclosure is made

i ''

2.19 Leases

a) Finance lease

i) Assets taken on finance lease are capitalised at fair value or net present value of the minimum lease payments, whichever is less,

ii) Lease payments are apportioned between the finance charges. and outstanding liability in respect of assets taken on lease.

b) Operating lease

i) Leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased term are classified as operating
lease. Lease rent are recognized as an expense in the Statement of Profit and Loss on a straight line basis over the lease term.

2.20 Earning per share

2.21 Employee benefits

has adopted the Accounting Standard 15- Employee Benefits prescribed under the Companies (Accounting Standards) Rules

2006, Employee benefits include provident found, bonus and gratuity benefits the Company towards various

Short Term Employee Benefits

All employee benefits payable wholly within twelve months of rendering the service are short-term employee benefits Benefits such as

service ’ wages etc are recognized in the profit and Loss statement in the period in which the employee renders the related

.

Defined contribution plans

The Company''s Contribution to provident found are considered as defined contribution plans and are charged as an expense as they fall due
ba_sed on. the amount of contribution required to be made. ¹ •

Defined benefits plans

(i) For defined- benefit plans., the amount recognised in the Balance Sheet is the present value of the defined- benefit obligation less the fair
value of any plan assets and any past service costs not yet recognised. The present value of the defined- benefit obligation is the present value
expected future payments required to settle the obligation resulting from employee service in the current and prior periods The discount

rate used is the market yields on government bonds at the Balance Sheet date with Remaining terms to maturity approximating those of the company''s obligations.

|

(ii> Actuarial gains and losses in respect of post employment and other long-term benefits are charged to the Statement of Profit and I oss

''

2.18 Provisions and contingencies

A provision is recognised 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 (excluding retirement benefits) 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. 1 hese are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates.

A contingent liability is disclosed where, as a result of past events, there is a possible obligation or a present obligation that may, but probably wi not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outriow ot resources is remote, no provision or disclosure is made.

2.19 Leases

a) Finance lease

i) Assets taken on finance lease are capitalised at fair value or net present value of the minimum lease payments, whichever is less.

") ^Lease P^ay^{nlents are} apportioned between the finance charges and outstanding liability in respect of assets taken on lease.

b) Operating lease

i) Leases where the lessor effectively retains substantially all the risks and benefits of ownership of the leased term are classified as operating lease. Lease rent are recognized as an expense in the Statement of Profit and Loss on a straight line basis over the lease term.

2.20 Earning per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Partly paid equity shares are treated as a fraction of an equity share to the extent that the) were entitled to participate in dividends relative to a fully paid equity share during the reporting year. For the purpose of calculating dilutee earnings per share, the net profit or loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

2.21 Employee benefits

The Company has adopted the Accountmg Standard 15- Employee Benefits prescribed under the Companies (Accounting Standards) Rules

2006. ''Employee benefits include provident fund, bonus and gratuity benefits. The Company’s obligation towards various employee benefits has been recognized as follows:

Short Term Employee Benefits

All employee benefits payable wholly within twelve months of rendering the service are short-term employee benefits. Benefits such as

salaries, wages and bonus wages, etc, are recognized in the Profit and Loss statement in the period in Which the employee renders the related service. ^v .

Defined contribution plans

The Company’s contribution to provident fund are considered as defined contribution plans and are charged as an expense as -they fall due based on the amount of contribution required to be made.

Defined benefits plans

(0 For defmed-benefit plans, the amount recognised in the Balance Sheet is the present value of the defmed-benefit obligation less the fair value of any plan assets and any past service costs not yet recognised. The present value of the defmed-benefit obligation is the present value of expected future payments required to settle the obligation resulting from employee service in the current and prior periods The discount

(Company''s obhgations ^ “ ^S°^Ver“ ^b°^ndS * ^{the BalanCe Sheet date with renlainin}g ^{terms to} maturity approximating those of the (n) Actuarial gams and losses in respect of post employment and other long-term benefits are charged to the Statement of Profit and Loss.

38 Other Notes

i The Company does not hold any immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company or is jointly held with others.

ii The Company has not revalued any of its Property, plant and equipment during the year ended 31 March, 2024, 31 March 2023

m The Company has not granted any loans or advances which are in the nature of loans to promoters, directors, KMPs and the related parties

as defined under Companies Act, 2013, that are repayable on demand or without specifying any terms or period of repayment.

iv The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

v The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

vi The Company does not have any relationship with struck off companies.

vii The Company is in compliance with the number of layers for its holding in its subsidiary companies prescribed under clause Section 2 (87) of the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017.

vni The Company does not have any approved scheme, to be complied with, under section.230 to 237 of the Companies Act) 2013.

ix The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

x The Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party

(Ultimate Beneficiaries) or . ~ "

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xi The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(is), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

As per our report ot even date For and on behalf of the Board of Directors ^__

For KRA & Co. _VASA DENTICITY LIMITED

Chartered Accountants /Y Ov, v

Fir I Regd. No.020266N \ j

Agarwal ’

(PartneO \ Managing Director Whole Time

M.No. 510541 X_ V" *_x£iN-07487686 DIN-07484533 l

UDIN: 24510541BKAORU1267 _________

Place: New Delhi «

Dated: 16.05.2024 // O

WvQ/o ^v^T^YashankTaneja

i!< fS. ^7-^4jnp^any Secretary

^ M QMVI.No. - A71360

Vi N?V /)

utner i\otes

i The Company does not hold any immovable property (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company or is jointly held with others.

ii The Company has not revalued any of its Property, plant and equipment during the year ended 31 March, 2024, 31 March 2023

iii The Company has not granted any loans or advances which are in the nature of loans to promoters, directors, KMPs and the related parties as defined under Companies Act, 2013, that are repayable on demand or without specifying any terms or period of repayment.

iv The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

v The Company is not declared as wilful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

vi The Company does not have any relationship with struck off companies.

vii The Company is in compliance with the number of layers for its holding in its subsidiary companies prescribed under clause Section 2 (87) of the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017.

viii The Company does not have any approved scheme, to be complied with, under section.230 to 237 of the Companies Act'' 2013.

ix The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as

income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961. .

x The Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or .

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xi The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(is), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

As per our report of even date For and on behalf of the Board of Directors

For KRA & Co. VASA DENT1CITY LIMITED 3/jf^v

Chartered Accountants

Firm Regd. No.020266N p ^ ^ k

Agarwal Sa^ Q^Ag^wal ^^

(Partner) \v Managing Director Whole Time TVrcffStapifrrfiEg^''''

M.No. 510541 ^ _v£>IN-07487686 DIN-07484533 V

UDIN: 24510541BKAORU1267 '' ^--eT-'' ^ a AU

Place: New Delhi *

Dated: 16.05.2024 A''

DCj'',''C'' ''rUp^Yasliank Taneja

: < -ijjmpany Secretary

\% M OJvl.No. - A71360