Notes for Receivables:

1) The average credit period is 30-90 days from the date of invoice. No interest is recovered on trade receivables for payments received after due date.

2) The Company has used a practical expedient by computing the expected credit loss allowance for trade receivables based on a provision matrix. The provision matrix takes into account historical credit loss experience and adjusted for forward-looking information alongwith changes in credit risk of specific parties/companies. The expected credit loss allowance is based on the ageing of the days the receivables are due and the rates as given in the provision matrix.

3) No trade or other receivable are due from directors or other officers of the Company either severally or jointly with any other person. Nor any trade or other receivables are due from firms or private companies respectively in which any director is a partner, a director or a member.

(d) Terms/ Right attached to Shares

(i) The equity shares of the Company, having par value of Rs. 10 each, rank pari passu in all respects including voting rights and entitlement to dividend.

(ii) In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

(e) Issue during the year

(i) During the year 415000 equity shares fully paid (face value ) Rs 10/- each issued on preferential basis at Rs. 60/- each.

Description of nature and purpose of each reserve

(a) Security premium reserve

Securities premium reserve is used to record the premium on issue of shares. The reserve will be utilised in accordance with provisions of the Act.

(b) Retained earnings

Retained earnings are created from the profit / loss of the Company, as adjusted for distributions of dividends, transfers to other reserves, etc.

Term loan :

1. Term loan is secured by way of hypothecation of specific plant & machinery, extention of charge over fixed assets and guarantee of promoter directors.

1. Term Loan MI-50- Rate of interest - 7.5%

Repayable in monthly installment each during 2024-2025 of Rs 1895304

2. Term Loan V-45 Rate of interest - 10.8%

Repayable in 4 quarterly installment of Rs 40 lacs each during 2024-25 Repayable in 2 quarterly installment of Rs 40 lacs each during 2025-26 Repayable in 1 quarterly installment of Rs 8.24 lacs each during 2025-26

3. Term Loan VI-184 Rate of interest - 7.50%

Repayable in 12 monthly installment of Rs 4.97 lacs each during 2024-2025 Repayable in 12 monthly installment of Rs 4.97 lacs each during 2025-2026 Repayable in 9 monthly installment of Rs 4.97 lacs each during 2026-2027

4. Vehicle Loan - 4671 Rate of interest - 8.75%

Repayable in monthly installment each during 2024-2025 of Rs 2476476 Repayable in monthly installment each during 2025-2026 of Rs 1762797

5. Term Loan HDFC Rate of Interest - 9 %

Repayable in monthly installment each during 2024-2025 of Rs 3281285 Unsecured loan:

Loan from directors are interest free and repayable on demand

Note 27 - Leases

The Company's significant leasing arrangements was in respect of office premises taken on leave and licence basis. Which stands withdrawn.

The following is the summary of practical expedients elected on initial application:

a. Applied a single discount rate to a portfolio of leases of similar assets in similar economic environment with a similar end date.

b. The effect of depreciation and interest related to Right Of Use Asset and Lease Liability are reflected in the Statement of Profit and Loss under the heading "Depreciation and Amortisation Expense" and "Finance costs" respectively.

c. The weighted average incremental borrowing rate applied to lease liabilities is 9.75%

Note 29 - Segment reporting

Business segments

The Company is primarily engaged in manufacturing of traction gears, pinions and alloyd products. Accordingly, there is no other separate reportable segment as defined by Ind AS 108 "Operating Segments".

Geographical segments

The Company provides allits products fromIndia only andhence location of plant is considered to be in India only,thus the Statement of profit andloss and Balance sheet depicts thepicture of segment results and the Segmental assets and liabilities.

Note 31 - Financial instruments

(a) Capital management

The Company manages its capital to ensure that the Companywill be able to continueas going concern while maximizing the return to shareholders through the optimization of the debt and equity.

The capital structure of the Company consists of net debt (borrowings as detailed in notes 13, 14A and 14C offset by cash and bank balances) and total equity of the Company.

*Debt is defined as long-term and short-term borrowings (excluding financial guarantee contracts) including current maturities of long term debt.

(b) Financial risk management objectives

The Company's principal financialliabilities comprises of borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets includes trade and other receivables, and cash and cash equivalents that derive directly from its operations. The Company is exposedto market risk,credit risk and liquidity risk.The Company's senior management oversees the management of these risks.

(i) Credit risk management

Credit risk is the risk of financial loss to the Company if a customer or counterparty fails to meet its contractual obligations and arises principally from the Company's receivables, deposits given, loans given, and balances at bank.

The maximum exposure to the creditrisk at thereporting date is primarily fromtrade receivables.

In case of trade receivables, the Company does not hold any collateral or other credit enhancements to cover its credit risks. Credit risk has always been managed by the Company through credit approvals, establishing credit limits and continuously monitoring the credit worthiness of customers to which the Company grants credit terms in the normal course of business. On account of adoption of Ind AS 109, the Company uses expected credit loss model to assess the impairment loss or gain.

Trade receivables are non-interest bearingand the averagecredit period is 30-90 days.

The carrying amount of following financial assets represents the maximum credit exposure;

Trade receivable consists of a large numberof customers, spreadacross diverse industries and geographical areas. Ongoing credit evaluation is performed on the financial condition of the accounts receivable.

Credit risk on cash and cash equivalents is limited as the Company generally invest in deposits with banks and financial institutions with high credit ratings assigned by credit- rating agencies.

(ii) Market risk

Market risk is the risk that the fair valueor future cash flows of a financial instrument will fluctuate becauseof changes in market prices.Market risk comprisesthree types of risk: currency risk, interest rate risk and other price risk. The objective of market risk management is to manage and control marketrisk exposures withinacceptable parameters, while optimizing the return.

(l) Foreign currency risk

The Company undertakes transactions denominated in foreign currencies, consequently exposures to exchange rate fluctuations arise. The management has taken a position not to hedge this currency risk.

(2) Foreign currency sensitivity analysis

The following table details the Company's sensitivity to a 10% increase and decrease in the Rupee against the relevant foreign currency. 10% is the sensitivity rate used when reporting foreign currency risk internally to key management personnel and represents management's assessment of the reasonably possible change in foreign exchange rates. The sensitivity analysis includes only outstanding foreign currency denominated monetary items and adjusts their translation at the period end for a 10% change in foreign currency rates. A positive number below indicates an increase in profit where the Rupee strengthens 10% against the relevant currency. For a 10% weakening of the Rupee against the relevant currency, there would be a comparable impact on the profit and the balance would be negative.

(3) Interest rate risk

Theborrowings of the Company are at fixed interest rates, consequently the Company is not exposed to interest rate risk.

(iii) Liquidity Risk

(1) Liquidity risk management

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The Company's principal source of liquidity are cash and cash equivalents and the cash flow generated from operations. The Company manages liquidity risk by maintaining adequate banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.Trade and other payables are noninterest bearing and the average credit term is 30-90 days.

The amount of financial guarantees included in contingent liabilities are the maximum amounts the Company couldbe forced to settle under the arrangement for the full guaranteed amount if the amount is claimed by the counter party to the guarantee.

The fair value of the financial assets and liabilities is included at the amount at which the instrumentcould be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

(d) Fair value measurement

All the financial assetsand liabilities of the Company are measured at amortised cost. Financial instruments measured at amortised cost.

The carrying amount of financial assets and financial liabilities measured at amortised cost in the financial statements are a reasonable approximation of their fair values since the Company does not anticipate that the carrying amounts would be significantly different from the values that would eventually be received or settled.

Fair value hierarcy:

Assets are classified at amortised cost hence fair value hierarchy not disclosed

Note 33 - Previous years' figure have been regrouped/ reclassified wherever required.

Note 34 - The company is dealing with various companies. As per information availble no company has been struck off by the Registrar of Companies