* a. The company has become holding company of Fiba Hardwyn Locks Limited in which 33% shareholding is held by way of Share Swap Agreement and the effect arisen from 14th March 2023. Both companies have few common shareholder's and common director's, parent/holding company's control, Business Transactions, effective decision making and composition of board of directors of subsidiary company. Hence Holding-Subsidiary relationship has been established on the basis of control.

**b. The company has become holding company of Slimx Interior Solutions Private Limited in which 85% shareholding is held by virtue of Shares and the effect arisen from 23rd November 2023. Hence Holding-Subsidiary relationship has been established on the basis of acquisition of shares.

*The company has made Sub Division/Split of its equity shares from Face Value of Rs. 10/- per share to Face Value of Rs. 1/- per share on 28 th May, 2 02 3,due to which number of shares has been increased to 26,16,63,750 shares from 2,61,66,375 shares. The Earnings per share for the prior periods have been restated considering the face value of Rs 1/- each in accordance with Ind AS 33 -"Earnings per share

** The company has issued 8,72,17,897 bonus shares (face value Rs 1 per share) to the shareholders in the ratio of 1:3 (i.e. One shares for every Three equity share held) on 6 th June, 2023. b. Terms/rights attached to Equity Shares

The company has only one class of equity shares having a par value of Rs. 1 per share. Each holder of equity shares is entitled to one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

The transactions with the related parties have been entered in the ordinary course of business and are at arm's length price.Outstanding balances at the year-end are unsecured and settlement occurs on actual basis.

32. Employee Benefits

The company has accounted for the obligation of defined benefit plan towards gratuity in terms of provisions of IND AS 19. Liability for defined benefit plans i.e. gratuity is determined based on the actuarial valuation carried out by an independent actuary as at the year-end.

b.Change in Fair Value of Plan Assets

There is no change in the Fair Value of Plan Assets since it is the first year that Actuary Valuation has been done by the Actuary Valuer for Employee Benefit.

35. Balances of debtors, creditors, loans and advances taken and given are unsecured, unconfirmed, considered good and have a value on realization in the ordinary course of business at least equal to the amount at which they are stated except where indicated otherwise.

*Basic and Diluted EPS has been calculated based on the weighted average number of shares outstanding in the current and previous year .Due to issue of bonus shares and share split in the current year EPS for previous year i.e 31st March 2023 has been restated.

37. The business activity of the company falls within one broad business segment viz; "Purchase and Sale of trading of Hardware ,kitchen goods and aluminum products ”. There is no income and profit from any other segment as prescribed in IND-AS 108 . Hence the disclosure requirement of IND -AS 108 of "Segment Reporting” is not applicable.

38. As per IND AS-16 ,the company has recognised the lease liability which is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the Company's incremental borrowing rate.The right of use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term. The estimated useful life of right-of-use assets are determined on the basis of remaining lease term.

39. (a. )The company has carried out impairment testing in respect of its acquisition/investment in equity shares of Fiba Hardwyn Locks Limited, its subsidiary company. The company believes that as the acquisition/investment of the shares in the said entity has not been materially impaired at the year end based on the valuation report carried by the valuation expert.

(b.) As Per IND AS 109, the company has recognised Rs 14.80 Lakh Expected Credit Loss(ECL ) on trade receivable based on the provision matrix formed using the loss rate i.e probability of loss on recovery of Trade receivable is being estimated by the company.

40. The Details Relating to Micro, Small and Medium Enterprises are as Follows:-

Based on information available with the Company, there are few suppliers/service providers who are registered as micro, small or medium enterprise under The Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006). Information in respect of micro and small enterprises as required by MSMED Act, 2006 is given as under:

42. Previous year figures are being regrouped/redrafted as and where found applicable to make those comparable with the figures and / or presentation for the current year.The figures for the previous year have been regrouped wherever necessary to comply with amendments in Schedule III of the Companies Act, 2013.

43. All amounts in the financial statements are presented in Lakhs with two decimal except per share data and as otherwise stated.

44. Additional regulatory information required by Schedule III to the Companies Act, 2013

(i) . There are no immovable properties held in the name of the company.

(ii) . The company has not revalued any of its Property, Plant and Equipment and intangible assets during the year.

(iii) . No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988.

(iv) . The company have borrowings from banks or financial institutions on the basis of security of current assets. The Company is complying with submission of requisite documents/details as and when required with the respective bank/financial institutions.

(v) . The company has not granted any Loans or Advances in the nature of loans to promoters, directors, KMPs and the related parties during the year.

(vi) . The company has not been declared as wilful defaulter by any bank or financial institution or other lender.

(vii) . As per information and explanation provided to us, The company complied with the number of layers prescribed under clause (87) of section 2 of the Act read with companies (Restriction on number of Layers) Rules, 2017 for the financial years ended March 31, 2023 and March 31, 2022.

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

(ix) . The company has not advanced/loaned/invested funds (borrowed/share premium/any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (intermediaries), with the understanding (whether recorded in writing or otherwise) that the intermediary shall :

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

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

(x) . The company has not received any funds from any other person(s) or entity(ies), including foreign entities (funding party), with understanding (whether recorded in writing or otherwise) that the intermediary shall :

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

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

(xi) . The Company has not have any such 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.

(xii) . The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.