(17) Provisions, Contingent liabilities, Contingent assets and Commitments

(a) General

The Company recognizes provisions for liabilities and probable losses that have been incurred when it has a
present legal or constructive obligation as a result of past events and it is probable that the Company will be
required to settle the obligation and a reliable estimate of the amount of the obligation can be made. If the
effect of the time value of money is material, provisions are discounted using a current pre-tax rate that
reflects, where appropriate, the risks specific to the liability. When discounting is used, the increase in the
provision due to the passage of time is recognized as a financing cost.

Contingent liability is disclosed in the case of:

• A present obligation arising from past events, when it is not probable that an outflow of resources will be
required to settle the obligation:

• A present obligation arising from past events, when no reliable estimate is possible

• A possible obligation arising from past events, unless the probability of outflow of resources is remote.
Provisions, contingent liabilities, contingent assets and commitments are reviewed at each balance sheet date.

(b) Other Litigation claims

Provision for litigation related obligation represents liabilities that are expected to materialise in respect of
matters in appeal.

(c) Onerous contracts

Provisions for onerous contracts are recorded in the statements of operations when it becomes known that the
unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be
received.

(18) Exceptional Items

On certain occasions, the size, type or incidence of an item of income or expense, pertaining to the ordinary
activities of the company is such that its disclosure improves the understanding of the performance of the
company, such income or expense is classified as an exceptional item and accordingly, disclosed in the notes
accompanying to the financial statements.

(19) Earnings 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 period. There are no
dilutive potential equity shares.

(20) Segment accounting

The Operating segment of the company is Edible oils, Ceramics and Wind Power generation and the same
have been evaluated on management approach as defined in IND AS-108 "Operating Segment". The company
accordingly reports its financials under three segments.

(21) Financial statement classification

Certain line items on the balance sheet and in the statement of Profit and Loss have been combined. These
items are disclosed separately in the Notes to the financial statements. Certain reclassifications have been
made to the prior year presentation to conform to that of the current year. In general the co mpany classifies
assets and liabilities as current when they are expected to be realized or settled within twelve months after the
balance sheet date.

(22) Fair value measurement

The Company measures financial instruments such as derivatives and certain investments, at fair value at each
balance sheet date.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. The fair value measurement is based on the
presumption that the transaction to sell the asset or transfer the liability takes place either:

• In the principal market for the asset or liability.

Or

• In the absence of a principal market, in the most advantageous market for the asset or liability

The principal or the most advantageous market must be accessible by the Company. The fair value of an asset
or a liability is measured using the assumptions that market participants would use when pricing the asset or
liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non- financial asset takes into account a market participant's ability to generate
economic benefits by using the asset in its highest and best use or by selling it to another market participant
that would use the asset in its highest and best use. The Company uses valuation techniques that are
appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing
the use of relevant observable inputs and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are
categorised within the fair value hierarchy, described as follows, based on the lowest level input that is
significant to the fair value measurement as a whole;

• Level 1- Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

• Level 2- Valuation techniques for which the lowest level input that is significant to the fair value
measurement is directly or indirectly observable.

• Level 3- Valuation techniques for which the lowest level input that is significant to the fair value
measurement is unobservable.

For assets and liabilities that are recognised in the balance sheet on a recurring basis, the Company determines
whether transfers have occurred between levels in the hierarchy by re-assessing categorization (based on the
lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting
period.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the
basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as
explained above.

(23) Non-current assets held for sale and discontinued operations

Non-current assets and disposal groups are classified as held for sale if their carrying amounts will be
recovered principally through a sale transaction rather than through continuing use. Non-current assets and
disposal groups are classified as held for sale are measured at the lower of their carrying amount and fair value
less costs to sell. This condition is regarded as met only when the sale is highly probable and the asset or
disposal group is available for immediate sale in its present condition. Management must be committed to the
sale, which should be expected to qualify for recognition as a complete sale within one year from the date of
classification.

Discontinued operations are excluded from the results of continuing operations are presented as a single
amount as profit or loss after tax from discontinued operations in the statement of profit and loss.

Assets and liabilities classified as held for distribution are presented separately from other assets and liabilities
in the balance sheet.

A disposal group qualifies as discontinued operation if it is a component of the Company that either has been
disposed of, or is classified as held for sale, and:

• Represents a separate major line of business or geographical area of operations,

• Is part of a single co-ordinate plan to disclose of a separate major line of business or geographical area of
operations

Or

• Is a subsidiary acquired exclusively with a view to resale.

An entity shall not depreciate (or amortise) a non-current asset while it is classified as held for sale or while it
is part of a disposal group classified as held for sale.

2.5 The company owns 247500 equity shares of Saurabh Agrotech Pvt. Ltd., which was illegally
transferred. This illegality has been challenged by the Company before the National Company Law
Tribunal (NCLT) under Section 111 of the Companies Act, 1956. Since the case is sub-judice before
NCLT and Hon’ble Supreme Court, the holding of such investment is continued to be shown in the
books of the company.

2.6 Share of Raghuvar (India) Ltd. being not traded in any stock exchange, hence shown under unquoted
Category and carried at cost.

2.7 Disclosure on Impairment of Invesment in Associate (Pursuant of IND AS 28, IND 36 and IND AS 10)

The Company held investment in its associate, Data Foods Private Limited, which was carried at
?183.98 lakhs before impairment.

Subsequent to the reporting date but prior to the approval of the financial statements, the Company
entered into a binding agreement to sell its entire investment in Data Foods Private Limited for a total
consideration of ?71.58 lakhs. The agreed sale consideration was significantly lower than the carrying
amount as at the balance sheet date. The transaction was carried out at fair value based on independent
commercial assessment and is not prejudicial of the interest of the share holder.

In accordance with the principles of Ind AS 36 - Impairment of Assets, and considering the post
balance sheet agreement as an indicator of impairment, the management assessed the recoverable
amount of the investment based on the agreed sale price. Consequently, an impairment loss of ?112.40
lakhs has been recognised in the Statement of Profit and Loss for the year ended 31 -3-2025, to reduce
the carrying amount of the investment to its recoverable value.

Accordingly, the investment in Data Foods Private Limited is presented at its impaired value of ?71.58
lakhs in these financial statements.

10.1 Other Receivable includes Rs. 80.00 Lacs held with enforcement of directorate, against matter
pending before Appellate Authority (PMLA) New Delhi under Prevention of Money Laundering Act,
2002 (PMLA). (Refer note no 35 and 36)

10.2 Other receivable includes an amount of ?39.42 lakhs, representing the principal and interest deposited
by the Company in compliance with directions of the Hon’ble High Court of Rajasthan, Jaipur
Bench, in relation to the pending First Appeal (D.B. Civil First Appeal No. 23/2024) filed by the
Company against the decree dated 01.11.2023 passed by the Hon’ble Commercial Court, Alwar in
Civil Suit No. 60/2021. The said amount has been deposited with the Commercial Court,
Alwar.(Refer note no 35 and 36)

12.1 Terms/rights attached to paid up equity shares

The company has only one class of equity shares having a par value of Rs 10/-. Each holder of equity
shares is entitled to one vote per share. 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 all
preferential amounts. The distribution will be in proportion to the number of equity shares held by the
shareholders.

12.2 The Company has not allotted any fully paid up equity shares pursuant to contracts without payment
being received in cash during the period of five years immediately preceding the balance sheet date.

12.3 The Compnay has neither issued any bonus share nor bought back any share during a peried of 5 year
immediately preceding the balance sheet date.

13.1 Nature and purpose of reserves
Securities Premium

Securities premium is used to record the premium received on issue of shares. It is utilized in
accordance with the provisions of the Companies Act, 2013.

Capital Reserve

Capital reserve was created in financial year 1995-96 at the time of amalgamation of Jaipur Glass and
Potteries works Ltd with the company.

Retained Earnings

Retained earnings represent accumulated profits after transfer to reserve, and is a free reserve
available for distrinution to shareholder of the company.

General Reserve

Under the erstwhile Companies Act, 1956 a general reserve was created through transfer from
retained earnings in accordance with applicable regulation. it is free reserve and available for
distribution to shareholders.

Other Comprehensive Income

The cumulative gain and losses arising on fair value changes of equity investments measured at fair
value through other comprehensive income and Remeasurement (Losses)/Gain on defined benefit
plan are recognised in Other Comprehensive income.

17.2 Working Capital Loan of Rs 2245.79 Lacs (Repayable on demand) from HDFC Bank Ltd. Alwar are
secured by Pari Passu Charge by way of hypothecation, both present & future, of raw material,
finished goods, work-in-process, packing materials, stores, bills for collection and book-debts and on
the personal guarantee of Directors Shri Vijay Data, Shri Daya Kishan Data, Shri Saurabh Data and
Pari Passu charge over the fixed assets of the Company.

17.3 The Company has filed quarterly statement of current assets with banks and these are in agreement
with books of account for all quarters in the current year and previous year.

36. LEGAL MATTERS PENDING BEFORE VARIOUS COURTS AND NATIONAL COMPANY
LAW TRIBUNAL (Earlier Company Law Board)

- Order dated 14.03.2012 passed by Hon’ble High Court of Judicature of Rajasthan, Bench at Jaipur inter
alia in S.B. Civil Misc. Appeal No. 2218 of 2011 in respect of partition suit was set aside by the Hon’ble
Supreme Court vide order dated 04.08.2014 and the matter was remitted back to Hon’ble High Court of
Judicature of Rajasthan for its fresh consideration after hearing the parties. Hon’ble High Court of
Judicature of Rajasthan, Bench at Jaipur, after hearing the parties, passed an order dated 06.04.2015
partially setting aside Order dated 10.02.2011 passed by the Court of Ld. ADJ, Jaipur. The order dated
06.04.2015 passed by Hon’ble High Court of Judicature of Rajasthan was challenged before the Hon’ble
Supreme Court of India by the original Plaintiffs by filing SLP (C) No.11870 of 2015 and Hon’ble
Supreme Court of India dismissed the SLP vide order dated 29.01.2019. After dismissal of the SLP filed
by Original Plaintiffs there is no restraint order against the Company from transferring or alienating its
properties/ assets or creating charge over the properties of the Company.

- The cases filed against or by the Company under Section 397-398 of the Companies Act, 1956 are still
sub-judice before the Hon’ble National Company Law Tribunal (erstwhile Company Law Board),
Jaipur/Kolkata which are yet to be heard finally by the NCLT.

- The Company owns 247500 equity shares of Saurabh Agrotech Pvt. Ltd., which were illegally
transferred. This illegality has been challenged by the Company before the National Company Law
Tribunal (NCLT) under Section 111 of the Companies Act, 1956. Since the case is sub-judice before
NCLT and Hon’ble Supreme Court, the holding of such investment is continued to be shown in the
books of the Company.

- Presently, the Company is registered owner of SCOOTER trademark/device/logo and copyright holder
for the artwork of SCOOTER Wavy device which is registered with Registrar of Trade Mark and
Copyright in favour of the Company. The Company is taking appropriate legal action against all the
persons who are infringing its trademark and copyright. The Company is also defending its right before
the Hon’ble Courts and Tribunals, wherever the challenges against use of ‘Scooter’ and /or any other
intellectual property rights of the Company have been made.

- The Company filed an Appeal before Appellate Authority, PMLA, Delhi titled Vijay Solvex Limited Vs.
Deputy Director, Enforcement of Directorate against order dated 02.05.2019 passed by the Adjudicating
Authority, PMLA registered as FPA-PMLA-3117/PTN/2019 and also filed an application for de-freezing
the bank account of the Company held in State Bank of India. The application for de-freezing of accounts
has been allowed by the Appellate Authority vide order dated 24.07.2019. The said appeal is fixed for
hearing on 08.07.2025.

- That a 2nd supplementary complaint registered as Special trial No. (PMLA) 01/2020 has been filed
before Special judge PMLA Patna in main complaint no. 02/2018 dated 18.07.2018 (in ECIR No.
PTZO/05/2016 dated 26.12.2016) before Ld. Sessions Judge (Special Judge (PMLA), Patna for
impleading Vijay Solvex Limited as Accused No. 8 in the main complaint. The 2nd Supplementary
complaint was listed on 21.05.2025 and same has been fixed for hearing on 09.06.2025.

- The Company had filed an application before Directorate of Marketing & Inspection of Agriculture,
Cooperation & Farmer Welfare for inclusion of its registered trademark / Trade Brand Label
“SCOOTER” for Mustard Oil in CA Book in the year 2016 in terms of the provisions of Agricultural
Produce (Grading and Marking) Act, 1937 and Rules made thereunder. However, the said Trade Brand
Label “SCOOTER” has not been included in the CA Book of the Company till date. Therefore, Company
filed a Civil Writ Petition before the Hon’ble High Court of Rajasthan at Jaipur Bench, being SB Civil
Writ Petition No. 16821/2022. Respondent i.e., Directorate of Marketing & Inspection of Agriculture,
Cooperation & Farmer Welfare has filed its reply to the Writ Petition. The Hon’ble High Court of
Rajasthan, Jaipur Bench vide its Order dated 23.01.2023 directed to implead M/s Vijay Industries as a
necessary party as Respondent No. 3. M/s Vijay Industries, Respondent No. 3 has filed its reply and the
Company also filed its rejoinder to the reply of Respondent No. 3. The Writ Petition is fixed for hearing
on 18.09.2025.

- M/s R.S. Gopal Sahay Shiv Narayan filed a Civil Suit against Vijay Solvex Limited (Company) bearing
No. 60/2021 (CIS No. 41/2021) before the Commercial Court, at Alwar, Rajasthan for recovery of Rs.
20,07,568/- and Rs. 8,43,178/- towards interest totaling to a sum of Rs. 28,50,746/-. The Hon’ble
Commercial Court at Alwar vide Order dated 01.11.2023 decreed the commercial suit in favour of M/s
R.S. Gopal Sahay Shiv Narayan and directed the Company to deposit a sum of Rs. 28,50,076/- along
with interest thereon.

Being aggrieved by Order dated 01.11.2023, the Company preferred a first appeal before Hon’ble High
Court of Judicature of Rajasthan Bench at Jaipur bearing D.B. Civil First Appeal No. 23/2024 titled
Vijay Solvex Limited Vs. M/s R.S. Gopal Sahay Shiv Narayan (First Appeal). The Hon’ble High Court
vide Orders dated 15.04.2024 and 17.02.2025 issued various directions to the Company which directions
have been complied with and the Company has deposited the entire decretal amount along with up-to-
date interest with the Hon’ble Commercial Court, Alwar. The First Appeal filed by the Company is
pending before the Hon’ble High Court of Rajasthan at Jaipur and is fixed for further proceedings on
04.07.2025.

The Company is hopeful that the pending cases would be decided in favour of the Company.

37. As per IND AS-19 ” Employee Benefits”

The disclosure of employees benefit as defined in the Indian Accounting Standard-19 "Employee
Benefits" are as follows:

37.1 Defined Contribution Plan

During the year ended 31-3-2025 the Company have contributed a sum of Rs 104.81 Lacs (P.Y. 79.28
Lacs) towards PF and ESI contribution and has been recognised as expenses in statement of Profit and
Loss.

37.2 Defined Benefit Plan

The Employee Gratuity Fund is not Funded and managed by the Company. The Present value of
Obligation is determined based on the actuarial valuation using the projected unit method.

The Leave Encashment liability of Rs 223.75 lacs form part of long term provision Rs.64.42 lacs ( P.Y.
Rs 58.23 lacs ) and short term provision Rs.159.33 lacs (P.Y. Rs. 140.30 lacs) and is unfunded and does
not require disclosures as mentioned in para 158 of Ind AS 19.

37.3 Nature of the Benefits

Each employee rendering contribution service of 5 Years or more is entitled to receive gratuity amount
based on completed tenure of service subject to maximum of Rs 20 lakh at the time of seperation from
the company.

Description of Regulatory Framework in which Plan operates

The Payment of Gratuity is required by the Payment of Gratuity Act, 1972.

Description of Entity’s Responsibilities for Governance

The Company operates a defined benefit gratuity plan as per the Payment of Gratuity Act, 1972. The plan
is unfunded and the Company meets the liability directly as and when it arises. There are no minimum
funding requirements under the applicable law or regulations. Consequently, there is no impact of any
regulatory framework on the Company’s future contribution requirements. Since the plan is unfunded,
the question of refund or reduction in future contributions does not arise.

37.4 Risk Factors:- Valuations are performed on certain basic set of pre-determined assumptions and other
regulatory framework which may vary over time.Thus the Company is exposed to various risks in
providing the above gratuity benefit which are as follows:

Interest Rate risk: The plan exposes the Company to the risk of fall in interest rates. A fall in interest
rates will result in an increase in the ultimate cost of providing the above benefit and will thus result in an
increase in the value of the liability (as shown in financial statements).

Liquidity Risk: This is the risk that the Company is not able to meet the short-term gratuity payouts.This
may arise due to non availabilty of enough cash / cash equivalent to meet the liabilities or holding of
illiquid assets not being sold in time.

Salary Escalation Risk: The present value of the defined benefit plan is calculated with the assumption
of salary increase rate of plan participants in future. Deviation in the rate of increase of salary in future
for plan participants from the rate of increase in salary used to determine the present value of
obligation will have a bearing on the plan's liabilty.

Demographic Risk: The Company has used certain mortality and attrition assumptions in valuation of
the liability. The Company is exposed to the risk of actual experience turning out to be worse compared
to the assumption.

Regulatory Risk: Gratuity benefit is paid in accordance with the requirements of the Payment of
Gratuity Act, 1972 (as amended from time to time). There is a risk of change in regulations requiring
higher gratuity payouts (e.g. Increase in the maximum limit on gratuity of Rs. 20,00,000).

37.6 Sensitivity Analysis

Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate,
expected salary increase and mortality. The sensitivity analysis below have been determined based on
reasonably possible changes of the assumptions occurring at the end of the reporting period, while
holding all other assumptions constant. The results of sensitivity analysis is given below:

39. Financial Risk Management

The Company’s activities expose it to credit risk, liquidity risk and market risk. This note explains the
source of risk which the company is exposed to and how to manages the risk and its impact in the
financial statement. The board of directors provides guiding principle for overall risk management, as
well as policies covering specific area i.e. Foreign exchange risk, Credit risk & Investment of Surplus
liquidity. The companies risk management is carried out by finance department, accordingly, this
department identifies, evaluation and hedges financial risk.

A) Credit Risk

The Company takes on exposure to Credit risk, which is the risk that counterparty will default on its
contractual obligations. Credit risk arises from trade receivable, Loan and other financial assets.

Credit Risk Management

The main source of credit risk at the reporting date is from trade receivables as these are typically
unsecured. This credit risk has always been managed through credit Approvals, establishing credit limits
and continuously monitoring the creditworthiness of customer to whom credit is extended in normal
course of business. The company estimates the expected credit loss on the basis of past data and
experience. Expected credit losses of financial assets receivable in next 12 months are estimated on the
basis of historical data provided the company has reasonable and supportable data. On such an assessment
the expected losses are nil or negligible.

Review of outstanding trade receivables and financial assets is carried out by management each quarter.
The company do not have any doubtful debts hence, no provision for bad and doubtful debts have yet
been made in accounts.

B) Liquidity risk

The principle source of liquidity of the Company are cash and cash equivalents, borrowings and the cash
flow that is generated from operations. The Company believes that current cash and cash equivalents, tied
up borrowing lines and cash flow that is generated from operations is sufficient to meet requirements.
Accordingly, Liquidity risk is perceived to be low.

The following table shows the maturity analysis of financial liabilities of the Company based on
contractually agreed undiscounted cash flows as at the Balance sheet date:

C) Market Risk

(i) Price Risk

The prices of the main raw material namely Raw oil and seeds fluctuate on day to day basis,
accordingly the prices of finished goods are changed to take care of fluctuations in raw material
prices. The company do not foresee any risk on this account.

(ii) Interest rate risk

The Company’s borrowings do bear fixed rate of interest and there are no borrowings bearing
variable rate of interest. Hence, there are no interest rate risks.

(iii) Foreign Currency Risk

The Management identifies, evaluates, and hedges foreign risk. The Management conducts the
regular meetings to keep a track on the movement of foreign currency in currency Market. The
company also takes advice from consultants on risk of foreign currency.

40. Capital Management

For the purpose of the Company’s capital management, capital includes issued equity capital, share
premium and all other equity reserve attributable to the equity holders of the Company. The Primary
objective of the Company’s capital management is to maximize the shareholder value. The Company
manage its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants, if any. To maintain or adjust the capital structure, the Company
reviews the fund management at regular intervals and take necessary actions to maintain the requisite
capital structure.

(i) The company’s Capital Risk Management Policy objective is to ensure that at all times it remains a
going concern and safeguard interest of shareholders and stakeholders.

43. Segment Information:

The business segment has been considered as the operating segment. The Company is organized into
three operating segments, Edible Oils, Ceramics and Wind Power Generation. The operating
segments are reported in a manner consistent with the internal reporting to the director of the
company. The detail of products and services included in above segments are given below-

Edible Oil segment includes Vanaspati, Edible Oils, Oil Cake, De-oiled cake etc , Ceramics segments
includes Insulators and Wind Power segment includes electricity generation from Wind Power
Generators.

Geographical segments have been considered as secondary segments and bifurcated into India and
Outside India.

Segment revenue, results, assets and liabilities have been accounted for on the basis of their
relationship to the operating activities of the segment and amounts allocated on a reasonable basis.

45. Ind AS 10- EVENTS AFTER THE REPORTING PERIOD

The company evaluates events and transactions that occurs subsequent to the balance sheet date put prior
to approval of the financial statements to determine the necessary for recognition and /or reporting of any
of these events and transactions in the financial statements.

46. Ind AS 20- Accounting for Government Grants and Disclosure of Government Assistance

The company has not received any government grant during the year.

47. Ind AS 29- Financial Reporting in Hyperinflationary Economies
The company does not operate in hyperinflationary economy.

48. Ind AS 41- Agriculture

The company do not deal with any agriculture activity and hence no disclosure regarding the same.

49. Ind AS 101- First-time Adoption of Indian Accounting Standards

The company has already adopted Indian accounting standards and hence it is not a first time adoption,
therefore no disclosure regarding the same has been provided.

50. Ind AS 102- Share Based Payment

The company did not grant or issue any share- based payments during the year, and therefore, no
disclosure of share- based payment transactions is required.

51. Ind AS 103- Business Combinations

There were no business combinations or acquisitions during the year and therefore, no disclosures are
required under the applicable Indian accounting standards for business combinations.

52. RELATIONSHIP WITH STRUCK OFF COMPANIES

The company do not have any transactions with the struck off companies under section 248 of the
companies Act, 2013 or section 560 of companies Act, 1956.

53. ADDITIONAL REGULATORY INFORMATION REQUIRED BY SCHEDULE III TO THE
COMPANIES ACT, 2013

(i) The Company do not have any benami property held in its name. No proceedings have been initiated
on or are pending against the Company for holding benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

(ii) The Company has not been declared wilful defaulter by any bank or financial institution or other
lender or government or any government authority.

(iii) There is no income surrendered or disclosed as income during the year in tax assessments under the
Income Tax Act,1961 (such as search or survey or any other relevant provision of Income tax Act 1961.),
that has not been recorded in the books of account.

(iv) The Company has not traded or invested in crypto currency or virtual currency during the year.

(v) The Company does not have any charges or satisfaction of charges which is yet to be registered with
Registrar of Companies beyond the statutory period.

(vi) The Company does not have any subsidiary company hence the provisions of section 2(87) of the
Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017, is not
applicable.

(vii) The company has not entered into any scheme of Amalgamation which has an accounting impact on
current and previous financial statement.

(viii) Disclosure on loans / advance to directors / KMP / related parties has given in Note no - 9.1

(ix) The company has not revalued any of the property, plant & equipment and Intangiable assets during
the year.

(x) The company has not made any contribution to any politicial party during the current financial year as
well as in the previous financial year.

54. The Code on Social Security, 2020 and Industrial Relations Code, 2020

The Central Government has published The Code on Social Security, 2020 and Industrial Relations
Code,2020 (“the codes”) in the Gazette of India, inter alia, subsuming various existing labour and
industrial laws which deals with employees including post-employment period. The effective date of the
code and the rules are yet to be notified. The impact of the legislative changes if any will be assessed and
recognised post notification of relevant provisions.

55. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any
other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including
foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that
the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate
Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the
understanding that the Company shall whether, directly or indirectly lend or invest in other persons or
entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries.

56. Previous year figures have been re-grouped and re-arranged wherever necessary to confirm to current year
classification.

As per our report of even date

F or Aggarwal Datta & Co. For and on behalf of the Board of Directors

Chartered Accountants
Reg. No.-024788C

CA. PANKHURI AGGARWAL DATTA VIJAY DATA SAURABH DATA

Membership No. 429303 Managing Director Director

DIN-00286492 DIN-00286331

Place : Alwar JAY PRAKASH LODHA SHANKER KUKREJA

Date : 30-05-2025 Company Secretary Chief Financial Officer