p. Provisions and Contingencies

Provisions are recognised when the Company has a
present obligation (legal or constructive) as a result of
a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle
the obligation and a reliable estimate can be made of the
amount of the obligation. When the Company expects
some or all of a provision to be reimbursed, for example,
under an insurance contract, the reimbursement is
recognised as a separate asset, but only when the
reimbursement is virtually certain.

The expense relating to a provision is presented in the
statement of profit and loss net of any reimbursement. If
the effect of the time value of money is material, provisions
are discounted using a current pre-tax rate that reflects,
when appropriate, the risks specific to the liability. When
discounting is used, the increase in the provision due to
the passage of time is recognised as a finance cost.

A provision for onerous contracts is recognised when the
expected benefits to be derived by the Company from a
contract are lower than the unavoidable cost of meeting
its obligations under the contract. The provision is
measured at the present value of the lower of the expected
cost of terminating the contract and the expected net
cost of continuing with the contract. Before a provision
is established, the Company recognises any impairment
loss on the assets associated with that contract.

A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed by the
occurrence or non-occurrence of one or more uncertain
future events beyond the control of the Company or a
present obligation that is not recognized because it is not
probable that an outflow of resources will be required to
settle the obligation. A contingent liability also arises in
extremely rare cases where there is a liability that cannot
be recognized because it cannot be measured reliably.
The Company does not recognize a contingent liability
but discloses its existence in the Standalone financial
statements. Provisions and contingent liability are
reviewed at each balance sheet.

q. Related party transactions

The transactions with related parties are made on
terms equivalent to those that prevail in arm's length
transactions. Outstanding balances at the period-end are
unsecured and settlement occurs in cash or credit as per
the terms of the arrangement. Impairment assessment
is undertaken each financial year through examining the
financial position of the related party and the market in
which the related party operates.

r. Commitments

Commitments are future liabilities for contractual
expenditure, classified and disclosed as follows:

• estimated amount of contracts remaining to be
executed on capital account and not provided for;

• uncalled liability on shares and other
investments partly paid;

• funding related commitment to subsidiary, associate
and joint venture companies; and

• other non-cancellable commitments, if any, to the
extent they are considered material and relevant in
the opinion of management. Other commitments
related to sales/ procurements made in the normal
course of business are not disclosed to avoid
excessive details.

s. Earnings per share

Basic earnings per equity share is computed by dividing
the net profit attributable to the equity shareholders
of the Company by the weighted average number
of equity shares outstanding during the period. The
weighted average number of equity shares outstanding
during the period is adjusted for events such as fresh
issue, bonus issue that have changed the number of
equity shares outstanding, without a corresponding
change in resources.

Diluted earnings per equity share is computed by dividing
the net profit attributable to the equity shares holders of

the Company by the weighted average number of equity
shares considered for deriving basic earnings per equity
share and also the weighted average number of equity
shares that could have been issued upon conversion
of all dilutive potential equity shares. Potential equity
shares are deemed to be dilutive only if their conversion
to equity shares would decrease the net profit per share
from continuing ordinary operations. Potential dilutive
equity shares are deemed to be converted as at the
beginning of the period, unless they have been issued at a
later date. Dilutive potential equity shares are determined
independently for each period presented.

t. Investments in Subsidiaries, Associates and Joint
Ventures

A subsidiary is an entity that is controlled by another entity.

An associate is an entity over which the Company has
significant influence. Significant influence is the power to
participate in the financial and operating policy decisions
of the investee but does not have control or joint control
over those policies.

A joint venture is a type of joint arrangement whereby
the parties that have joint control of the arrangement
have rights to the net assets of the joint venture. Joint
control is the contractually agreed sharing of control of
an arrangement, which exists only when decisions about
the relevant activities require unanimous consent of the
parties sharing control.

The Company's investments in its subsidiaries,
associates and joint ventures are accounted at cost
less impairment.

Impairment of Investments

The Company reviews its carrying value of investments
carried at cost annually, or more frequently when there
is indication for impairment. If the recoverable amount
is less than its carrying amount, the impairment loss is
recorded in the Statement of Profit and Loss.

When an impairment loss subsequently reverses, the
carrying amount of the Investment is increased to the
revised estimate of its recoverable amount, so that the
increased carrying amount does not exceed the cost
of the Investment. A reversal of an impairment loss is
recognised immediately in Statement of Profit or Loss.

u. Changes in accounting policies and disclosures
New and amended standards

The Company applied for the first-time certain standards
and amendments, which are effective for annual periods
beginning on or after 1 April 2024. The Company has not
early adopted any standard, interpretation or amendment
that has been issued but is not yet effective.

The Ministry of Corporate Affairs has notified Companies
(Indian Accounting Standards) Amendment Rules, 2024
to amend the following Ind AS which are effective for
annual periods beginning on or after 1 April 2024.

(i) Ind AS 117 Insurance Contracts

(ii) Amendment to Ind AS 116 Leases - Lease Liability in
a Sale and Leaseback

These amendments had no significant impact on
the accounting policies and disclosure made in the
Standalone financial statements of the Company.

(a) During the current year, Company has transferred its investment property to property, plant and equipment and
equipment at its carrying value.

(b) Fair value as on 31 March 2024 was INR 443.61 Lakhs, based on the valuation performed by accredited independent
valuer and a registered valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017. The
fair value of the investment properties had been derived using the market comparable approach (market value method /
sale comparison technique) based on recent market prices without any significant adjustments being made to the market
observable data. A valuation model in accordance with that issued by the Indian Valuation Standards Board had been applied.

a) 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 receivable are due from firms or private companies respectively in which any
director is a partner, a director or a member other than mentioned in receivable from related party (refer note 44).

b) Trade receivables are non-interest bearing and are generally on terms of 45 to 90 days for construction contracts,
payment is generally due upon completion of milestone as per terms of contract. Further, in case of sale of material the
performance obligation is satisfied upon delivery of the material and payment is generally due within 45 to 90 days form
the date of delivery. In certain contracts, short term advances are received before the performance obligation is satisfied.

c) The Company applies the expected credit loss (ECL) model for measurement and recognition of impairment losses
on trade receivables and contract assets. The Company follows the simplified approach for recognition of impairment
allowance on trade receivables and contract assets. The application of the simplified approach does not require the
Company to track changes in credit risk. Rather, it recognises impairment allowance based on lifetime ECLs at each
reporting date. ECL impairment loss allowance (or reversal) recognised during the period is recognised in the Statement
of Profit and Loss. This amount is reflected under the head 'other expenses' in the Statement of Profit and Loss.

(ii) During the previous year, the Company had allotted 31 Lakhs equity shares of INR 10 each pursuant to exercise of
convertible share warrants issued in earlier period, at a premium of INR 150 each. Consequently, share capital and
share premium of the Company increased by INR 310.00 Lakhs and INR 4,650.00 Lakhs respectively.

(iii) During the previous year, the Company had issued 79.48 Lakhs equity shares of INR 10 each in Qualified
Institutional Placement ('QIP') at a premium of INR 241.65 each. Consequently, share capital and share premium
of the Company increased by INR 794.75 Lakhs and INR 19,205.24 Lakhs respectively.

(d) Terms/Rights attached to equity shares

i) The Company has only one class of equity shares having a par value of INR 10 per share.

ii) The Company declares and pays dividends in Indian rupees. However, no dividend is declared or paid in current year.

iii) In the event of liquidation of the Company, the holders of shares will be entitled to receive remaining assets of the
Company, after distribution of all preferential amounts, in proportion to their shareholding.

iv) Every member of the Company holding equity shares has a right to attend the General Meeting of the Company
and has a right to vote in proportion to his share of the paid-up capital of the Company.

Terms and conditions of the borrowings

(a) The principal amount is payable after moratorium of 2 to 3 months in 13 to 14 quarterly instalments. These
debentures are secured by hypothecation of identified formwork, plant & machinery and properties against which
these loans are taken along with Personal & Corporate guarantee by Promoters & Promoter group. Subservient
charge is on all the current assets of the Company.

(b) Term loan from bank carries interest ranging between 7.40% p.a. to 12.51% p.a. (Previous year : 8.08% p.a. to 13.75%
p.a.). These loans are repayable in 36 to 60 months with structured monthly installments ranging between INR 0.25
Lakhs to INR 32.92 Lakhs each along with interest, from the date of loan. These loans are secured by hypothecation
of respective asset against which these loans are taken with additional mortgage / charge aggregating to an
amount of INR 13,019.98 Lakhs (March 31, 2024 INR 23,451.99 Lakhs), on the plant and machinery and formwork
placed at various sites and used for the purpose of construction. Further, these loans has been guaranteed by the
personal guarantee of directors of the Company.

(c) Term loan from financial institutions carries interest ranging between 9.25% p.a. to 13.50% p.a. (Previous year
: 10.00% to 12.71% p.a.). These loans are repayable in 24 to 180 months with structured monthly installments
ranging between INR 0.12 Lakhs to INR 47.30 Lakhs each along with interest, from the date of loan. These loans
are secured by hypothecation of respective asset against which these loans are taken with additional mortgage
/ charge aggregating to an amount of INR 7,888.82 Lakhs (March 31, 2024 INR 6,046.37 Lakhs) on the plant
and machinery placed at various sites and used for the purpose of construction. Further, these loans has been
guaranteed by the personal guarantee of directors of the Company.

39 Segment information

The Company is engaged in contracts/assignments of Engineering, Procurement, and Construction. In the context of Ind
AS 108 on Segment Reporting though the Company has operating model defined based on the nature of contract with
customers, the reportable segment is one considering similar risk profile and common infrastructure facilities and resources.
Also, the Board of Directors is the Chief Operating Decision Maker and reviews the results of the Company as one segment
for performance assessment and resource allocation.

43 Disclosure pursuant to Ind AS 19 "Employee Benefits

The Company's contribution to Provident Fund for the year 2024-25 aggregating to INR 241.21 Lakhs (Previous Year:
INR 186.49 Lakhs), INR 1.96 Lakhs (Previous Year : INR 2.36 Lakhs) for ESIC has been recognised in the statement of profit
and loss under the head employee benefit expenses. (refer note 32).

The Company operates a gratuity plan covering qualifying employees. The benefit vests upon completion of five years of
continuous service and once vested it is payable to employees on retirement or on termination of employment. The gratuity
benefits payable to the employees are based on the employee's service and last drawn basic salary at the time of leaving.
The employees do not contribute towards this plan and the full cost of providing these benefits are met by the Company. In
case of death while in service, the gratuity is payable irrespective of vesting. The Company's obligation towards Gratuity is a
Defined Benefit plan which is funded.

The average duration of the defined benefit plan obligation at the end of the reporting period is 2 years (31 March
2024 - 15 years).

* During the year ended 31 March 2024, no actuarial valuation is done for computing gratuity liability related to executive directors. Further, the
Company has provided for the liability for executive directors amounting to INR 60 Lakhs as on 31 March 2024. However, during the year ended
31 March 2025, provision for employee benefit for executive directors has been considered during acturial valuation.

The Company is exposed to the following risks in the defined benefits plans :

Investment risk : The present value of the defined benefit obligation is calculated using a discount rate which is
determined by reference to market yields at the end of the reporting period on government bonds. If the return on
plan assets is below this rate, it will create a plan deficit.

Interest risk : A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by
increase in the return on the plan's debt investments.

Longevity risk : The present value of the defined benefit plan liability is calculated by reference to the best estimate of
the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan
participants will increase the plan's liability.

Salary growth 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 abearing on the plan's liability.

Compensated absences (unfunded)

In respect of Compensated absences, accrual is made on the basis of a year-end actuarial valuation. the Company has
provided for compensated absences based on the actuarial valuation done as per Project Unit Credit Method. The leave
obligation cover the Company's liability for earned leave. The amount of the provision of INR 115.30 lakhs (31 March
2024: INR 78.87 lakhs) is presented as current. The Company has provided INR 36.43 lakhs (31 March 2024: INR 12.24
lakhs) for Compensated absences in the Statement of Profit and Loss.

business practice, the Company determines the transaction price considering the amount it expects to be entitled
in exchange of transferring promised goods or services to the customer. Such sales generally include payment
terms requiring related party to make payment within 45 to 90 days from the date of invoice.

Trade receivables outstanding balances are unsecured and require settlement in cash. No guarantee or other
security has been received against these receivables.

(ii) Purchases of goods, property, plant and equipment and services received from related parties and related
balances

Purchases are made / services received from related parties on the same terms as applicable to third parties in an
arm's length transaction and in the ordinary course of business. The Company mutually negotiated and agreed
purchase price and payment terms by benchmarking the same transactions with non-related parties entered into
by the counter-party. Such purchases generally include payment terms requiring the Company to make payment
within 90 to 180 days from the date of invoice. Trade payables outstanding balances are unsecured, interest free
and require settlement in cash. No guarantee or other security has been given against these payables.

(iii) ^A Compensation to Key Management Personnel (KMP)

The amounts disclosed in the above table are the amounts recognised as an expense during the financial year
related to KMP. The amounts do not include expense, if any, recognised toward post-employment benefits and
other long-term benefits of KMP unless actually paid during the year. Such expenses are measured based on an
actuarial valuation. Hence, amounts attributable to KMPs are not separately determinable.

(iv) Loan from Director

During the year, the Company has taken loan from Director. The loan has been utilized by the Company for the
purpose it was obtained. The loan carries interest at 12.50% p.a. and is repayable on demand.

(v) Guarantee Given

The Company has given performance and financial guarantee against construction contract entered into by the
Associate with the ultimate customer. As per the construction contract entered into by the Associate with the
ultimate customer, the Associate needs to complete construction of the building as per the contractual terms. If
the Associate fails to complete the construction within stipulated time, the Company will need to complete the
construction. The Company does not have the right to recover losses from Associates. The Company expects that
its Associates will complete the construction within the prescribed time limit.

(vi) Leasing arrangement

The Comapny has taken office space on lease from Director for a period of 3 years. The lease requires the
Company to pay fixed lease rental on a monthly basis. At the end of initial lease term, the lease agreement is
renewable based on mutual negotiation and agreement.

45 Significant accounting judgements, estimates and assumptions

The preparation of the Company's standalone financial statements requires management to make judgements, estimates
and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimates are revised if the revision affects only that period or in the period of the
revision and future periods if the revision affects both current and future periods

Key sources of estimation uncertainty

In the process of applying the Company's accounting policies, management has made the following judgements, which
have the most significant effect on the amounts recognised in the standalone financial statements:

i) Project revenue and costs

The Company recognises revenue and profit/loss on the basis of (Input method) entity's efforts i.e. costs incurred on an
accrual basis to the total expected inputs to the satisfaction of that performance obligation. The recognition of revenue
and profit/loss therefore rely on estimates in relation to total estimated costs of each contract. Cost contingencies are
included in these estimates to take into account specific uncertain risks, or disputed claims against the Company, arising
within each contract. These contingencies are reviewed by the Management on a regular basis throughout the contract
life and adjusted where appropriate The revenue on contracts may also include variable consideration (variations and
claims). Variable consideration is recognised when the recovery of such consideration is highly probable. Also read
with note 3(c).

ii) Cost to complete

For assessing onerous contracts the Company is required to estimate the costs to complete of each contract. Provision
for estimated losses, if any, on uncompleted contracts are recorded in the period in which such losses become probable
based on the expected contract estimates at the reporting date.

iii) Impairment of financial assets and contract assets

The Company's Management reviews periodically items classified as receivables and contract assets to assess whether
a provision for impairment should be recorded in the statement of profit and loss. Management estimates the amount
and timing of future cash flows when determining the level of provisions required. Such estimates are necessarily based
on assumptions about several factors involving varying degrees of judgement and uncertainty. Details of impairment
provision on contract assets and trade receivable are given in Note 9 & 14.

The Company reviews its carrying value of investments annually, or more frequently when there is indication for
impairment. If the recoverable amount is less than it's carrying amount, the impairment loss is accounted for. Also read
with note 3(g).

iv) Litigations

From time to time, the Company is subject to legal proceedings the ultimate outcome of each being always subject
to many uncertainties inherent in litigation. A provision for litigation is made when it is considered probable that a
payment will be made, and the amount of the loss can be reasonably estimated. Significant judgement is made when
evaluating, among other factors, the probability of unfavourable outcome and the ability to make a reasonable estimate
of the amount of potential loss. Litigation provisions are reviewed at each Balance Sheet date and revisions made for
the changes in facts and circumstances. Litigations and contingent liabilities are disclosed in note 41.

v) Defined benefit plans

The cost of the defined benefit plans and the present value of the defined benefit obligation are based on actuarial
valuation using the projected unit credit method. An actuarial valuation involves making various assumptions that
may differ from actual developments in the future. These include the determination of the discount rate, future salary
increases and mortality rates (refer note 3(j)). All assumptions are reviewed at each Balance Sheet date.

vi) Useful lives of property, plant and equipment, investment property and intangible assets

The Company has estimated useful life of each class of assets based on the nature of assets, the estimated usage of
the asset, the operating condition of the asset, past history of replacement, anticipated technological changes, etc.
The Company reviews the useful life of property, plant and equipment, investment property and intangible assets as at
the end of each reporting period. This reassessment may result in change in depreciation and amortisation expense in
future periods.Useful lives are based on Schedule II of Companies Act and where the same is different, the Company
has technical opinion for the same. Further, the useful life estimate is consistently being followed year-on-year. Also
read with note 3(d).

vii) Operating lease commitments - Company as lessee

The Company has entered into leases for office premises. The Company has determined, based on an evaluation of the
terms and conditions of the arrangements, such as the lease term not constituting a major part of the economic life
of the office premises and the fair value of the asset, that it retains all the significant risks and rewards of ownership of
these properties and accounts for the contracts as operating leases. Also read with note 3(o).

46 Disclosures on Financial instruments

This section gives an overview of the significance of financial instruments for the Company and provides additional
information on balance sheet items that contain financial instruments.

The details of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis
on which income and expenses are recognised in respect of each class of financial asset, financial liability and equity
instrument are disclosed in accounting policies, to the financial statements.

(A) Fair Values:

The following tables presents the carrying amount and fair value of each category of financial assets and liabilities as at
31 March 2025 and 31 March 2024.

Fair value of financial assets and financial liabilities measured at amortised cost:

The carrying amounts of trade receivables, loans, advances and cash and other bank balances are considered to be the
same as their fair values due to their short term nature. The carrying amounts of long term loans given with floating rate
of interest are considered to be close to the fair value.

The carrying amounts of trade and other payables are considered to be the same as their fair values due to their short
term nature. The carrying amounts of borrowings with floating rate of interest are considered to be close to the fair value

The Company uses the following hierarchy for determining and / or disclosing the fair value of financials instruments
by valuation techniques.

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.

47 Revenue from Contracts with Customers
1. Principal revenue generating activities

The Company is primarily engaged in the business of Engineering, Procurement and Construction. The Company
measures progress and recognizes revenue over time contracts using the input method, based on the actual cost of
work performed at the end of the reporting period as a percentage of the estimated total contract costs at completion.
The input method faithfully depicts the Company's performance in transferring control of goods and services
to the customer, provides meaningful information in respect of satisfied and unsatisfied performance obligation
towards the customer.

Information about the Company's performance obligations are summarised below:

Engineering, procurement and construction on Lump-sum basis: Engineering, procurement and construction on
Lump-sum basis is considered to have one performance obligation since the activities are not distinct within the
context of contract. The performance obligations is satisfied over the contract period using input based measure of
progress as a method of accounting.

Trade receivables are non-interest bearing and are generally on terms of 45 to 90 days. Trade receivables are reduced
by provision for expected credit losses.

Contract assets is the right to consideration in exchange for goods or services transferred to the customer. If the
Company performs by transferring goods or services to a customer before the customer pays consideration or before
payment is due, a contract asset is recognized for the earned consideration that is conditional. For each contract, the
revenue recognized at the contract's measure of progress using input method, after deducting the progress payment
received or receivable from the customers, is presented within the contract assets line item in the balance sheet as
project excess cost.

A contract liability is the obligation to transfer goods or service to a customer for which the Company has received
consideration (or an amount of consideration is due) from the customer.

The Company's contracts may result in recognising revenue in excess of billings done as "Project excess costs” on
balance sheet under Contract Asset. The company's contract may also result in recognising revenue less than the
amounts billed to the customer, which is classified as "Billings in excess of costs and estimated earnings” on the balance
sheet under contract liabilities."

4. There is no reconciliation of the amount of revenue recognised in the statement of profit and loss with the contracted
price since there is no adjustment such as discount, liquidated damages etc.

5. Transaction price allocated to the remaining performance obligations

The aggregate value of transaction price allocated to unsatisfied or partially satisfied performance obligation is INR
9,73,856.81 Lakhs as at 31 March 2025, (INR 8,74,253.36 Lakhs as at 31 March 2024) out of which part of performance
obligation is expected to be recognised as revenue in next year and balance thereafter. The unsatisfied or partially
satisfied performance obligations are subject to variability due to several commercial and economic factors.

The Company's operations are mainly confined in India. As such, there are no reportable geographical segments.

48 Capital Management

For the purpose of the Company's capital management, capital includes issued equity capital, securities premium and all
other equity reserves attributable to the equity holders of the Company. The primary objective of the Company's capital
management is to maximise the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend
payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing

(i) Debt is defined as current borrowings (including current maturities) and non-current borrowings.

(ii) Equity is defined as equity share capital and other equity including reserves and surplus.

In order to achieve this overall objective, the Company's capital management, amongst other things, aims to ensure
that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure
requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and
borrowings.There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in
the current year.

No changes were made in the objectives, policies or processes for managing capital during the years ended 31 March
2025 and 31 March 2024.

49 Financial risk management objectives and policies

The Company's principal financial liabilities comprise borrowings, trade and other payables and other financial liabilities. The
main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets
include trade and other receivables, cash and cash equivalents, other bank balances and other financial assets that derive
directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the
management of these risks. The Company's senior management is supported by a risk management committee that advises
on financial risks and the appropriate financial risk governance framework for the Company. The Company's financial risk
activities are governed by appropriate policies and procedures and that financial risks are identified measured and managed
in accordance with the Company's policies and risk objectives.The Board of Directors reviews and agrees policies for
managing each of these risks, which are summarised below:

A) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes
in market prices. Market risk comprises of interest rate risk and price risk. Financial instruments affected by market risk
include borrowings and FVTPL Investments.

a) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because
of changes in market interest rates. The Company's exposure to the risk of changes in market interest rates relates
primarily to the Company's long-term debt obligations with floating interest rates. Further, the Company has
borrowings with fixed interest rates ranging between 7.40% to 14.80%.

The Company manages its interest rate risk by having a balanced portfolio of fixed and variable rate borrowings.

b) Interest rate sensitivity:

The sensitivity analysis below have been determined based on exposure to interest rates for long-term debt
obligations with floating interest rates at the end of the reporting period and the stipulated change taking place at
the beginning of the financial year and held constant throughout the reporting period in case of term loans that
have floating rates.

If interest rates had been 50 basis points higher/lower and all other variables were held constant, following is the
impact on profit and pre-tax equity. A positive effect in basis points leads to decrease in profit and negative effect
is increase in profit.

B) Price Risk

The Company's exposure to Price risks arises from investments in equity shares and mutual funds amounting to
INR 214.86 Lakhs (Previous Year INR 8.5 Lakhs). The investments are held for strategic rather than trading purpose.
The sensitivity analysis has been determined based on the exposure to price risk at the end of the reporting period. If
the prices of the above instruments had been 5% higher/lower, profit for the year ended 31 March 2025 would increase/
decrease by INR 10.74 Lakhs (Previous year by INR 0.43 Lakhs).

C) Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract,
leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables
and contract assets) and from its financing activities, including deposits with banks and financial institutions and other
financial instruments. The Company only deals with parties which has good credit rating/ worthiness given by external
rating agencies or based on Companies internal assessment.

Trade receivables

The major exposure to credit risk at the reporting date is primarily from trade receivables and contract assets.

The Company's customer profile includes mainly large private corporates and government bodies. The Company's
average project execution cycle is around 36 to 48 months. General payment terms include mobilisation advance,
monthly progress payments with a credit period ranging from 45 to 90 days and certain retention money to be released
at the end of the project. In some cases retentions are substituted with bank/corporate guarantees. The Company has
a detailed review mechanism of overdue customer receivables at various levels within organisation to ensure proper
attention and focus for realisation.

Unbilled revenue (Contract assets)

The costs incurred on projects are regularly monitored through the Project budgets. Costs which are incurred beyond
the agreed terms and conditions of the contract, would be claimed from the customer, based on the actual works
performed. The realisability of such claims, is verified by professionals, who certify the tenability of such claims and
also the collectible amounts, by applying appropriate probabilities. Costs, which are identified as non tenable or costs
beyond the collectible amounts, as mentioned above, would be provided in the books of accounts.

For trade receivables and contract assets, as a practical expedient, the Company computes credit loss allowance based
on a provision matrix. The provision matrix is prepared based on historically observed default rates over the expected
life of trade receivables and contract assets.

D) Liquidity risk

Liquidity risk refers to the risk that the Company will encounter difficulty in meeting its financial obligations. The
objective of liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as
per requirements. The Company manages liquidity risk by maintaining adequate reserves, 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.The Company assessed the concentration of risk with respect to refinancing its debt
and concluded it to be low.

The table below summarises the maturity profile of the Company's financial liabilities based on contractual
undiscounted payments.

50 Non-current Assets held for sale

Company has classified certain properties as Non current Assets held for sale which were acquired as realisation of
receivables. Company has active committed plan to sale the properties and expects to complete the sale within next 12
months. Further, consultant has been appointed to sell these properties. Also, entered into arrangement for sale of certain
properties and received advance against same.

Certain properties are hypothecated against the borrowings (refer note 19)

51 The Company had completed the merger of CIPL-PPSL- Yongnam Joint Venture Constructions Private Limited (Yongnam)
with effect from June 30, 2024. The scheme was filed with the Registrar of Companies on July 02, 2024.

The scheme of Merger ("scheme”) submitted by the Company was approved by the Hon'ble National Company Law Tribunal
by its order dated May 21, 2024 (Mumbai Bench). The transferor Company, Yongnam was wholly owned subsidiary of the
Company. As per the terms of the Scheme, the Company has recorded the accounting treatment of this merger with effect
from the beginning of the comparative period.

Amalgamation is the business combination under common control and hence accounted as per the ""Pooling of interest
method' as prescribed in Appendix C of Ind AS 103: Business combinations. Accordingly, the figures for comparative periods
have been restated as if the business combination had occurred from the beginning of the earliest period presented in the
financial results, Summary of restatement is given below:

52 The Code on Social Security 2020 ('Code') relating to employee benefits during employment and post-employment benefits
received Presidential assent in September 2020. The code has been published in the Gazette of India. Certain sections of the
code came into effect on 3rd May 2024. However, the final rules/interpretation have not yet been issued. The Company is
assessing the impact, if any, of the Code.

53 The Company had long outstanding Trade Receivables of INR 1,155.93 Lakhs recoverable from one party which was written
off as Bad-debts/Provided as Expected Credit Loss Allowance in the earlier periods. National Company Law Tribunal,
Amaravati Bench (AP), appointed Resolution Professional (RP) relating to settlement of said Receivable and RP has approved
an amount of INR 1,155.93 Lakhs against Company's claim of INR 1,583.14 Lakhs. Considering this fact and currently the
Company is in the process of getting the settlement done and to recover the said amount immediately post the settlement
agreement and accordingly it had recorded the recovery of said receivables by giving effect in Other Income/Expected
Credit Loss Allowance during the year ended March 31, 2024 based on future recoverability projections. The Statutory
Auditors have expressed modified opinion in respect of this matter.

54 Against certain trade receivables, other exposures and contract assets gross amount of INR 6,361.76 Lakhs as on March 31,
2025, the Company has entered into agreements with respective parties and got allotment letter in its favour. The Company
has taken legal steps before various legal forums namely NCLT, High Court, RERA Authorities, etc. to register the respective
flats in its name including enforcement of available security to recover amount and secure its commercial interest. The
outcome of such legal action is not ascertainable at present. The management is confident of its recoverability in due course
and hence no further provision is required in the audited Standalone financial statement.

55 The Company has used accounting software (Strategic ERP) for maintaining its books of account which has a feature of
recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded
in the software. Further, there are no instance of audit trail feature being tampered with.

Additionally, the Company has recorded and preserved audit trail in full compliance with the requirements of section
128(5) of the Companies Act, 2013, in respect of the financial years 2024-25. Further, in respect of the financial year 2023¬
24 the Company has preserved the requirements of recording audit trail to the extent it was enabled and recorded in
respect of that year.

(iii) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(iv) The Company have not traded/ invested in Crypto currency or Virtual currency during the financial year.

(v) The Company have not advanced or loaned or invested fund to any other person (s) or entity (ies), including foreign
entities (intermediaries) with the understanding that 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) provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(vi) The Company have not received any fund from any person (s) or entity (ies), 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) provided any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
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