x) Provisions, contingent liabilities, and contingent assets

A provision is recognised when there is a present obligation because of a past event, and it is probable
that an outflow of resources will be required to settle the obligation and in respect of which reliable
estimate can be made. Provisions are reviewed at each balance sheet date and adjusted to reflect the
current best estimate. If it is no longer probable that an outflow of resources would be required to settle
the obligation, the provision is reversed.

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. The company does not recognise a contingent liability but discloses its
existence in the financial statements

Contingent assets are not recognised in the SFS . However, contingent assets are assessed continually
and if it is certain that an inflow of economic benefits will arise, the asset and related income are
recognised in the period in which the change occurs.

xi) Revenue recognition and Receivables

Revenue is recognized to the extent it is probable that the economic benefits will flow to the Company
and the revenue can be reliably measured, regardless of when the payment is being made. Revenue is
measured at the fair value of the consideration received or receivable, considering contractually defined
terms of payment and excluding taxes or duties collected on behalf of the government.

The accounting policies for the specific revenue streams of the Company as summarised below:

a) Sale of Products:

Revenue from the sale of products is recognised at point in time when the control of the goods is
transferred to the customer based on contractual terms i.e. either on dispatch of goods or on delivery
of the products at the customer’s location.

b) Construction Contracts:

Income from Telecom Projects-

Income from Projects include laying of Optical Fiber Cable, installation of Network Operations
Centre, installation of Indoor/Outdoor Wireless Access Points, Load Balancer, Wi-Fi Access
Controller, installation of software, chats, Anti-Virus, Fire walls. Company’s performance
obligation in such kind of contracts is installation, testing and commissioning of various equipment
as per the agreed norms. Under this type of contract, generally assets are installed at customer’s
site. However, customer does not have ability to direct the use of, and obtain substantially all the
remaining benefits from, these assets unless they are connected to main server/data centre or
commissioned properly. Since the customer receives control of the goods and/or service after
Successful commissioning of indented facilities, Company’s transfer control of goods and/or
service at a point in time and, therefore, satisfies a performance obligation and Recognizes revenue
at a point in time. The Group uses output methods to recognize Revenue as the output selected
faithfully depict the Company’s performance towards Complete satisfaction of the performance
obligation. Customer’s acceptance of Commissioning report is the best output which would depict
the satisfaction of the Performance obligation. Generally, payment against provision of such
contracts becomes due as per payment terms, and fixed transaction price as per contracts with
customers, which is generally is on milestone basis. Warranties are commonly included in such
arrangements. They can be explicitly stated, required by law or implied based on the company’s
customary business practices. The price of a warranty may be included in the Overall purchase
price or listed separately as an optional product. All the assurance type Warranties are considered
as part of primary performance obligation, while the service Type warranties are considered as
distinct performance obligation.

The determination of transaction price, its allocation to promised services and allocation of
discount or variable consideration (if any) is done based on the contract with the customers.
Penalties, if inherent in determination of transaction price, are considered as variable consideration.
The transaction price is also allocated separately for the service type warranties.

The incremental costs that the Group incurs to obtain a contract with a customer that it Would not
have incurred if the contract had not been obtained are recognized as an asset if its recovery is
expected and its amortization period is more than one year, all other such costs are recognized as
an expense in statement of profit and loss. The incremental cost recognized as an asset is amortized

over the period till when such cost is expected to be recovered. Amount so recovered is recognized
as revenue in statement of profit and loss.

Income from other Projects-

Income from other Projects include design, development, implementation, Operations and
maintenance of infrastructure projects across multiple sectors such as sewerage and Gas pipeline.
In such projects, the Group recognises revenue over the period of time, as performance obligations
are satisfied over time due to continuous transfer of control to the customer. The performance
obligations are satisfied over time as the work progresses. The Group recognises revenue using
input method (i.e. percentage-of-completion method), based primarily on contract cost incurred to
date compared to total estimated contract costs. This percentage of completion could be based on
technical milestones or as per the contractual terms specified. A construction contract is considered
completed when the last technical milestone is achieved, which occurs upon contractual transfer of
ownership of the asset. Progress billings are generally issued upon completion of milestones as
stipulated in the contract.

c) Service Contracts:

Service contracts (including operation and maintenance contracts and job work contracts) in which
the Company has the right to consideration from the customer in an amount that corresponds
directly with the value to the customer of the Company’s performance completed to date, revenue
is recognized when services are performed and contractually billable.

d) Variable Consideration:

The nature of the Company’s contracts gives rise to several types of variable consideration,
including claims, bonus, un-priced change orders, award and incentive fees, change in law,
liquidated damages and penalties. The Company estimates the amount of revenue to be recognized
on variable consideration using the expected value (i.e., the sum of a probability-weighted amount)
or the most likely amount method, whichever is expected to better predict the amount.

e) Claims

a) Arbitration claims are recognized as revenue in the year of receipt of arbitration award or
acceptance by the party or evidence of acceptance received and there is reasonable certainty
that awarded amount shall be realized.

b) Additional claims (including for escalation), which in the opinion of the management are
recoverable under the contract, are recognized at the time of executing the job or acceptance
by the party or evidence of acceptance received and reasonable certainty about its realization.

f) Uncollectible accounts receivable

Amounts due from debtors that have been outstanding, though fully provided, are evaluated on a
regular basis by the management and are written off, if as a result of such evaluation, it is
determined that these amounts will not be collected.

g) Unbilled Revenue

Unbilled revenue represents the amount of contract revenue recognized under Ind AS 115 that
exceeds the cumulative amount billed to the customer as of the reporting date. It includes work
completed and revenue recognized (either on cost-to-cost basis or on certification) but not yet
invoiced.

h) Contract Balances:

a) Contract Assets

A contract asset 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 recognised for the
earned consideration that is conditional.

Trade Receivables:

A receivable is recognised if an amount of consideration that is unconditional (i.e., only the
passage of time is required before payment of the consideration is due).

b) Contract Liability

A contract liability is the obligation to transfer goods or services to a customer for which the
Company has received consideration (or an amount of consideration is due) from the customer.
If a customer pays consideration before the Company transfers goods or services to the
customer, a contract liability is recognised when the payment is made, or the payment is due
(whichever is earlier). Contract liabilities are recognised as revenue when the Company
performs under the contract.

i) Finance & Other income:

Finance and other income comprise interest income on deposits, dividend income, gains/(losses)
on disposal of investments and net gain on translation or settlement of foreign currency borrowings.

• Insurance claims are accounted for based on claims admitted / expected to be admitted and to
the extent that the amount recoverable can be measured reliably and it is reasonable to expect
ultimate collection.

• Interest income is recognised using the effective interest method.

xii) Foreign Currency Transaction

Transactions in foreign currencies are initially recorded in the relevant functional currency at the rates
prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign
currencies are translated into the functional currency at the closing exchange rate prevailing as at the
reporting date with the resulting foreign exchange differences, on subsequent restatement/settlement,
recognized in the statement of profit and loss within other expenses/ other income.

xiii) Right of Use

The Company recognizes right-of-use assets at the commencement date of the lease (i.e., the date the
underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated
depreciation and impairment losses and adjusted for any re-measurement of lease liabilities. The cost
of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred,
and lease payments made at or before the commencement date less any lease incentives received. Right-
of-use assets are depreciated on a straight-line basis over the estimated useful lives of the assets. The
right-of-use assets are also subject to impairment.

The estimated useful lives of right-of-use assets are determined on the same basis as those of property
and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any,
and adjusted for certain re-measurements of the lease liability.

xiv) Leases:

Where the Company is the lessee

The company assesses whether a contract contains a lease at its inception (i.e., if the contract conveys the
right to control the use of an identified asset for a period of time in exchange for consideration).

• Right-of-Use (RoU) Asset: On the lease commencement date, the Company recognizes a
Right-of-Use asset. This is initially measured at cost, which includes the initial lease liability,
any lease payments made at or before commencement (less incentives received), initial direct
costs, and restoration estimates.

• Depreciation: The RoU asset is subsequently depreciated using the straight-line method from
the commencement date to the earlier of the end of the useful life of the asset or the end of the
lease term.

• Lease Liability: At commencement, the lease liability is recognized at the present value of the
remaining lease payments. These payments are discounted using the Company’s incremental
borrowing rate if the interest rate implicit in the lease cannot be readily determined.

• Subsequent Measurement: The lease liability is increased to reflect the accretion of interest
and reduced for the lease payments made. It is remeasured if there is a change in future lease
payments or a lease modification.

• Exemptions (Short-term & Low-value Leases): The Company applies the practical
expedients allowed under Ind AS 116. For short-term leases (leases with a term of 12 months
or less) and leases of low-value assets, the Company does not recognize RoU assets and lease
liabilities. Instead, these lease payments are recognized as an operating expense on a straight¬
line basis over the lease term.

Where the Company is the lessor

When the Company acts as a lessor, it classifies each lease at inception as either an operating lease or a
finance lease.

• Finance Leases: If the lease transfers substantially all the risks and rewards incidental to
ownership of the underlying asset, it is classified as a finance lease. The Company recognizes
assets held under a finance lease in its Balance Sheet and presents them as a receivable at an
amount equal to the net investment in the lease.

• Operating Leases: If the lease does not transfer substantially all risks and rewards, it is
classified as an operating lease. Lease income from these is recognized in the Statement of
Profit and Loss on a straight-line basis over the lease term unless another systematic basis is
more representative.

xv) Segment Reporting

Based on the "Management Approach" as defined in Ind AS 108, the Chief Operating Decision Maker
(CODM) evaluates the performance and allocates resources based on an analysis of various
performance indicators by business segments. The Managing Director (MD) has been identified as
CODM.

The Company has evaluated the requirements of Ind AS 108 and determined that it does not have any
distinct segments that meet the criteria for separate disclosure. As a result, segment reporting is not
applicable, and the SFS present the Standalone financial performance of the Company as a whole.

xvi) Employee Benefits:

The Company participates in various employee benefit plans. Pensions and other post-employment
benefits are classified as either defined contribution plans or defined benefit plans.

Under a defined contribution plan, the Company’s sole obligation is to pay a fixed amount with no
obligation to pay further contributions if the fund does not hold sufficient assets to pay all employee
benefits. The employee bears the related actuarial and investment risks. The expenditure for defined
contribution plans is recognised as an expense during the period when the employee provides service
viz. Provident Fund, Employee State Insurance, Employee Pension scheme.

Under a defined benefit plan, it is the Company’s obligation to provide agreed benefits to the
employees. The Company bears the related actuarial and investment risks. The present value of the
defined benefit obligations is calculated by an independent actuary using the projected unit credit
method viz. Gratuity, Compensated absences.

Remeasurements of the defined benefit plans, comprising actuarial gains or losses, and the return on
plan assets (excluding interest) are immediately recognised in other comprehensive income, net of taxes
and not reclassified to profit or loss in subsequent period. Net interest recognised in profit or loss is
calculated by applying the discount rate used to measure the defined benefit obligation to the net
defined benefit liability or asset.

The Company has the following Defined benefit plans:

Gratuity

Define benefits plan includes gratuity payments in accordance with the Payment of Gratuity Act, 1972.
The gratuity is funded with LIC. For defined benefit schemes, the cost of providing benefits is
determined using Projected Unit Credit method, with actuarial valuations being conducted at each
balance sheet date. Past service cost is recognized to the extent the benefits are already vested, and
otherwise is amortized on a Straight-Line method over the average period until the benefits become
vested. The retirement benefit obligation recognized in the balance sheet represents the present value
of the defined benefit obligations as adjusted for unrecognized past service cost.

The present value of the said obligation is determined by discounting the estimated future cash
outflows, using interest rates of government bonds. The interest income / (expense) are calculated by
applying the above-mentioned discount rate to the plan assets and defined benefit obligations liability.
The net interest income / (expense) on the net defined benefit liability is recognised in the statement of
profit and loss. However, the related re-measurements of the net defined benefit liability are recognised
directly in the OCI in the period in which they arise. The said re-measurements comprise of actuarial
gains and losses (arising from experience adjustments and changes in actuarial assumptions), the return
on plan assets (excluding interest). Re-measurements are not re-classified to the statement of profit and
loss in any of the subsequent periods.

Earned Leave (EL) Encashment

The Company has adopted an Earned Leave (EL) encashment policy with effect from 1 April 2025.
Under the policy, the Company provides for the liability towards Earned Leave (EL) encashment
benefits in accordance with the terms of employment and Company policy. Eligible employees are
entitled to a leave entitlement of 15 days per year.

The Company's liability towards this long-term employee benefit plan is unfunded. The present value
of the obligation is determined at each balance sheet date based on an actuarial valuation conducted by

an independent approved actuary using the Projected Unit Credit Method. The obligation is measured
at the present value of estimated future cash outflows expected to be made by the Company in respect
of services provided by employees up to the reporting date. Actuarial gains and losses, past service
costs, and net interest cost/current service costs are recognized immediately in the Statement of Profit
and Loss as part of employee benefit expenses in the period in which they occur.

xvii) Cash and cash equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand
and short-term investments with an original maturity of three months or less (that are readily
convertible to known amounts of cash and cash equivalents and subject to an insignificant risk of
changes in value). However, for the purpose of Statement of Cash Flows, in addition to above items,
any bank overdrafts / cash credits that are integral part of the Company’s cash management, are also
included as a component of cash and cash equivalents.

xviii) Cash flow Statements.

Statement of Cash flows is being prepared in accordance with the indirect method prescribed in Indian
Accounting Standard - 7 on ‘Statement of Cash flow’, whereby profit for the period is adjusted for the
effects of transactions of a non-cash nature, any deferrals, or accruals of past or future operating cash
receipts or payments and item of income or expenses associated with investing or financing cash flows.
The cash from operating, investing, and financing activities of the Company are segregated.

xix) Recent Accounting Pronouncements

Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards
under Companies (Indian Accounting Standards) Rules as issued from time to time.

In May 2025, MCA notified amendments to:

Ind AS 21 - The Effects of Changes in Foreign Exchange Rates, applicable w.e.f. April 1, 2025. The
Company has reviewed the amendment and based on its evaluation has determined that it does not have
any significant impact in its financial statements.

In August 2025, MCA notified the following amendments to:

Ind AS 7, Statement of Cash Flows and Ind AS 107, Financial Instruments: Disclosures, applicable
w.e.f. April 1, 2025 - the amendment in Ind AS 7 requires to inform users of financial statements of
the existence of supplier finance arrangements and explain the nature of the arrangements, the carrying
amount of liabilities and the range of payment due dates. Ind AS 107 has been amended to add supplier
finance arrangements as a factor that may cause concentration of liquidity risk. The Company has
reviewed the amendment and based on its evaluation has determined that it does not have any impact
in its financial statements.

Ind AS 12, International Tax Reform - Pillar Two Model Rules applicable immediately - The
amendments provide a temporary mandatory relief from deferred tax accounting for top-up tax and
disclose that they have applied the relief. The Company has reviewed the amendment and based on its
evaluation has determined that it does not have any impact in its financial statements.

Other Explanatory Notes:

- Company assessed the impairment of assets and is of the opinion that since the company is going concern and there is no indication exist for the impairment of the PPE.

- No assets have been classified as held for sale in accordance with Ind AS 105.

- Company has not revalued its property, plant & Equipment. There is no increase or decrease on account of impairment loss recognized or reversed in other comprehensive income in accordance with Ind AS

36.

- No Capital expenses was incurred on Assets not owned by the Company during the year

- There is no obsolete asset which has been so far held under CWIP/Fixed Asset.

- Depreciation / amortization on all the PPE / Intangible assets have been disclosed separately.

- There is no amount to be received on account of compensation from third party for items of PPE / Intangible assets that were impaired, lost or given to Company that is to be recognized in the statement of
profit & Loss account.

- Entire depreciation / amortization has been recognized in the statement of Profit & Loss account; nothing has been charged to cost of other assets. Accumulated depreciation at the end of the year has been
shown separately.

- There are no temporarily idle PPE / intangible assets.

- The company does not hold any benami property and there are no proceedings which have been initiated or pending against the company under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)
and rules made thereunder

- The company does not have any immovable property where the title deeds are not in the name of the company.

Capital advances include Rs. 1.66 Million advanced to M/s Supertech Limited against the booking of 7 Flats backed by executed buyers' agreements and allotment letters. The Seller Company has been admitted into the
Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, by the NCLT vide its order dated 25-03-2022.

The Company’s claim has been formally admitted by the Resolution Professional, and Management expects recovery by way of physical possession of the units. Based on an independent valuation carried out by a Registered
Valuer as of March 31, 2026, the market value of the property substantially exceeds its book carrying value. Consequently, no impairment or Expected Credit Loss (ECL) provision is considered necessary. The Company has
no further funding obligations in connection with this booking.

Lease Commitments (Ind AS-116)

The company has lease contract for office premises and these lease contracts are mutually cancellable / extendable.

The company applies the short-term lease recognition exemption to its short-term leases (i.e. those leases that have a lease term of 12 months or
less from the commencement date and do not contain a purchase option or has a cancellable option before the end of 12 months).

Further, leases having a cancellable period or option to terminate before 12 months of lease have been treated as short-term considering that the
management is uncertain of exercising the option to terminate / Cancel the lease at the date of inception of the lease.

Accordingly, lease payments on short term leases are recognised as expense on a straight-line basis over the lease term.

T o calculate the lease term, the period covered by an option to extend the lease has not been considered at the inception of the lease as
management is uncertain of exercising the option to renew the lease upon completion of the initial lease period.

Incremental borrowing rate at the time of lease commencement has been applied upon initial recognition of lease liability, as the implicit interest
rate in the lease is not readily determinable.

Cash flow from operating activities includes cash flow from short term lease and leases of low value assets. Cash flows from financing activities
include repayment of principal portion of lease liabilities.

* In May 2025, the Company mutually modified its 3-year lease agreement (commenced March 2024) for Property situated at Sector- B-1, Vasant
Kunj, New Delhi - 110070 to an 11-month term. Management has assessed that it is not reasonably certain to extend the lease beyond this current
period, and no significant economic penalties exist upon exit. Accordingly, as a reduction in lease scope under Ind AS 116, the Company
derecognized the Right-of-Use (ROU) asset of 19.95 million and lease liability of 20.93 million, recognizing a net gain of 0.98 million in the
Statement of Profit and Loss for the year ended March 31, 2026. Remaining payments are expensed as short-term lease costs.

Explanatory Notes-

I) The company has reviewed all its pending litigations and proceedings and has adequately provided for where provisions are required and disclosed as contingent liabilities where applicable, in its financial statements. The company
does not expect the outcome of these proceedings to have a materially adverse effect on its financial position.

II) Dispute arose out of sub-contract work relating to laying and commissioning of OFC. A petition under Section 34 of the Arbitration and Conciliation Act, 1996 was filed for setting aside the arbitral award passed by a unilaterally
appointed arbitrator. Subsequently, an appeal under Section 37 was filed against the order dismissing the Section 34 petition. Liability in respect of the contractor had been recognized in the earlier years on account of the said arbitral
award. However, the Hon’ble High Court, vide its order dated 05/05/2026, held that the appointment of the Arbitrator was void ab initio and declared the impugned arbitral award as null and void. Accordingly, the Company has
reversed the excess liability amounting to ^9.15 million during the year, and the same has been recognized in the Statement of Profit and Loss

III) The company has disputed the demand raised under various GST Registrations, and clearly mentioned that those matters are currently under appeal with the tax authorities/Adjudication. The Comapny is of the firm view that the
demand is likely to be either deleted or substantially reduced, and accordingly, no provision is considered necessary.

IV) The company is in receipt of a Show cause notice dated 13.08.2025 regarding short levy of custom duty on import of machines and the company has written a letter to custom department enquiring the matter so that suitable
documents can be submitted in response to the matter. Further, a matter of Octroi for the F.Y 2016-17 is pending for Adjudication.

41. Disclosure as required by Ind AS-19 Employee Benefits:

a) Defined Contribution Plan

The Company has a defined contribution plan. Contributions are made to provident fund in India for employees at the rate of 12% of basic salary as per
regulations. The contributions are made to registered provident fund administered by the government. The obligation of the Company is limited to the
amount contributed and it has no further contractual nor any constructive obligation.

b) Defined benefit plans: Gratuity scheme

The gratuity plan is governed by the payment of Gratuity Act, 1972, Under the Act, employee who have completed five years of service are entitled to
specific benefit. The level of benefit provides depend on the members length of service and salary retirement age. The employee is entitled to a benefit
equivalent to 15 days salary last drawn for each completed year of service with part thereof in excess of six months subject to maximum limit of INR
20,00,000. The same is payable on termination of service or retirement or death whichever is earlier. The present value of the obligation under such
benefit plan is based on actuarial valuation as on at the reporting date using the projected unit credit method, which recognises each period of service as
giving rise additional unit of employee benefit entitlement and measures each unit separately to build up the final operation. The obligations are
measured at the present value of the estimated future cash flows. The discount rate used for determining the present value of the obligation under defined
benefit plans s based on the market yields on Government bonds as at the date of actuarial valuation. Actuarial gains and losses (net of tax) are
recognised immediately in the Other Comprehensive Income (OCI).

This is an unfunded benefit plan for qualifying employees. The scheme provides for a lump sum payment to vested employees at retirement, death while
in employment or on termination of employment. Vesting completion upon completion of 5 years of service.

The following tables summarised the component of the of net benefit expense in the statement of profit or loss and the funded status and amounts
recognised in the balance sheet for the respective plans:

42. Disclosure as required by Ind AS-19 Employee Benefits:
a) Defined benefit plans Leave Encashment :

The Company has adopted an Earned Leave (EL) encashment policy with effect from 1 April 2025. Under the policy, eligible employees are entitled to earned leave benefits in
accordance with the terms of employment and Company policy. The liability towards leave encashment has been recognised as at 31 March 2026 based on leave entitlement of
15 days per year, as valued and duly certified by an approved actuary/valuer.

The obligation under the leave encashment benefit plan is determined on the basis of actuarial valuation as at the reporting date using the Projected Unit Credit Method. The
obligation is measured at the present value of estimated future cash outflows. The discount rate used for determining the present value of the obligation is based on the market
yields on Government bonds as at the date of actuarial valuation.

This is an unfunded benefit plan for qualifying employees. The following tables summarise the components of net benefit expense recognised in the statement of profit or loss
and the amounts recognised in the balance sheet in respect of the leave encashment plan:

The following methods and assumptions were used to estimate the fair values:

i) The carrying amounts of trade receivables, trade payables, cash and cash equivalents and other short term trade receivables and payables which are due to be settled within 12 months are considered to the same as their fair values, due to short term nature.

ii) The fair value of Security Deposits are calculated based on cash flows discounted using market rate ( SBI rate) available at the beginning of the respective financial year, except long term deposit with government authority where there is no contractual time frame for cash flow and
are of perpetual in nature. They are classified as level 3 fair values in fair value hierarchy due to the inclusion of unobservable inputs.

iii) The carrying value of financial assets and liabilities with maturities less than 12 months are considered to be representative of their fair value.

iv) Fair value of financial assets and liabilities carried at amortised cost (including lease obligations) is determined by discounting the cash flows using a discount rate equivalent to market interest rate applicable to similar assets and liabilities as at the balance sheet date.

44. Capital Management

For the purpose of the Company’s capital management, capital includes paid-up equity capital and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to ensure that it maintains a strong capital
base so as to maintain investor, creditor and market confidence and to sustain future development of the business and maximise shareholder value.

The Company manages its capital structure and makes adjustments to it in the light of changes in economic conditions and the requirements of the financial covenants. Breaches in meeting the financial covenants would permit the lenders to immediately call loans and borrowings. 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 Debt Equity ratio, which is net debt divided by total equity. Net debt consist of interest
bearing borrowings, interest accrued thereon less cash and cash equivalents. Equity includes equity attributes to the equity shareholders.

46. Corporate Social responsibility

Section 135(5) of the Companies Act, 2013 read with the Companies (Corporate Social Responsibility Policy) Amendment Rules, requires that
the board of directors of every eligible company, shall ensure that the company spends, in every financial year, at least 2% of the average net
profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility
Policy.

The Company had suo motu (on its own motion) filed a petition on June 19, 2025, for the compounding of offences under Section 135 of the
Companies Act, 2013, before the Hon’ble Regional Director, Northern Region, in respect of certain non-compliances relating to the Financial
Years 2018-19 and 2019-20. The said offences were compounded up to December 2020, and the requisite compounding fees aggregating to
Rs. 2.38 million have been duly paid. Out of this, Rs. 0.70 million was borne by the Company and charged to the Statement of Profit and Loss,
and the balance amount of Rs. 1.68 million was borne personally by the defaulting Directors of the Company.

Further, with respect to the non-compliances relating to Financial Years 2020-21 and 2021-22, as well as for the remaining period pertaining to
Financial Years 2018-19 and 2019-20, the Company has filed a petition for adjudication before the Registrar of Companies, National Capital
Territory of Delhi & Haryana, New Delhi (South Delhi) on 22-05-2026, which is currently pending disposal.

To rectify the underlying default, the Company has subsequently deposited the unspent CSR amounts of Rs. 1.86 million and Rs. 1.81 million
pertaining to Financial Years 2020-21 and 2021-22, respectively, into the PM CARES Fund on January 20, 2026.

47. The company has filed monthly /quarterly returns or statements of book debts including recoverable against unbilled revenue, other current
assets and inventories lying at various project sites including work in progress with the lender banks/financial institutions which are generally
in agreement with the books of accounts.

48. Financial risk management objectives and policies

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

The Company is exposed to credit risk, liquidity risk, foreign currency risk and interest rate risks. The Company's senior management oversees the mitigation of these risks. 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 policies for managing each of these risks, which are summarized below: -

1. 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
financial instruments affected by market risk include loans, borrowings and deposits.

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 borrowings
generally are carried at amortized cost bearing Fixed Rate. They are therefore not subject to interest rate risk as defined in Ind AS 107, since neither the carrying amount nor the
future cash flows will fluctuate on account of a change in market interest rates.

The Companies main interest rate risk arise from long term borrowings which are mostly on Fixed Rate basis. Further the company is maintaining deposits with Banks which are
short term in nature . Hence the management does not perceive any material interest risk due to change in interest rate..

The company tries to obtain such facilities on the best possible terms and always compares it with the rate of interest prevailing in the market and tries to minimize the outflow on
the account of interests

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The Company is exposed to credit risk from its operating activities
(primarily trade receivables) and from its financing activities and deposits with banks. The Company's maximum exposure to credit risk is limited to the carrying amount of the
financial assets recognised as at the reporting periods.

a) Trade Receivable

Customer credit is managed by each business unit subject to the Company’s established policies, procedures and control relating to customer credit risk management. Trade
receivables are non-interest bearing and are generally realised within 12 Months. Credit limits are established for all customers based on internal rating criteria. Outstanding
customer receivables are regularly monitored.

An impairment analysis is performed at each reporting date on an individual basis for major clients. In addition, a large number of minor receivables are grouped into homogenous
groups and assessed for impairment collectively. The Company does not hold collateral as security. The Company has no concentration of credit risk as the customer base is widely
distributed both economically and geographically.

The Company measures the expected credit loss of trade receivables based on historical trend, industry practices and the business environment in which the entity operates. Loss
rates are based on actual credit loss experience and past trends.

The Company continuously monitors defaults of customers and other counterparties, identified either individually or by the Company, and incorporates this information into its
credit risk controls. The Company’s policy is to transact only with counterparties who are highly creditworthy which are assessed based on internal due diligence parameters. In
respect of trade receivables, the Company is not exposed to any significant credit risk exposure to any single counterparty or any group of counterparties having similar
characteristics. Trade receivables consist of a large number of customers in various geographical areas. Based on historical information about customer default rates management
consider the credit quality of trade receivables that are not past due or impaired to be good.

Few of the customers failed to pay the dues within the agreed terms, the Company is taking appropriate action to recover the amount. However, based on the Company’s policy
company has created a expected credit loss in the books of accounts of the company.

Provision for ECL has been created in the books as per details given below:
b) Financial Instruments and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company’s treasury department in accordance with the Company’s policy. Investments of surplus
funds are made as per guidelines and within limits approved by Board of Directors. Board of Directors/ Management reviews and update guidelines, time to time as per
requirement. The guidelines are set to minimize the concentration of risks and therefore mitigate financial loss through counterparty’s potential failure to make payments.

3. Liquidity Risk

Liquidity risk is defined as a risk that the Company will not be able to settle or meet its obligations on time. The Company’s treasury department is responsible for liquidity, funding
as well as settlement management. In addition, processes and policies related to such risks are overseen by the Senior Management.

Maturities of financial liabilities

The tables below analyse the Company’s financial liabilities into relevant maturity groupings based on their contractual maturities for all non-derivative financial liabilities.

50. Other Regulatory Requirements

I) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

II) The Company does not have any transactions with the companies struck off under section 248 of Companies Act, 2013.

III) The Company does not have any unrecorded transactions in the books of accounts that has been surrendered or disclosed as income during the period in the tax
assessments under the Income Tax Act, 1961.

IV) The Company has not advanced to or loaned to or invested funds in any other person (s) or entities, including foreign entities (intermediaries) with the
understanding that such Intermediary shall:

i) 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

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

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

i) 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

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

VI) The transition from the Previous GAAP to Ind AS did not have material impact on the statement of cash flow, except for payment of lease liabilities, which
were forming part of operating activity under Previous GAAP and are now included under financing activity.

VII) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.

VIII) On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social
Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 which consolidate 29 existing labour laws into a unified framework
governing employee benefit during employment and post-employment. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable
assessment of the financial impact due to the new Labour Codes. The company has assessed and disclosed the incremental impact of these changes on the basis of
best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. These changes have resulted in increase in
gratuity liability arising from past service by Rs. _ million. The company continues to monitor the finalization of Central/State Rules and clarifications from the
Government on various other aspects of the New Labour Codes and would give appropriate accounting effect of such developments in the period in which they are
notified.

IX) There is no Scheme of Arrangements which has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

X) Previous year’s figures have been regrouped and/or reclassified wherever necessary to confirm to the current year’s presentation and to make them comparable
with those of the current year. Such regrouping / reclassification does not have any material impact on the financial statements

XI) Balances of certain trade receivables, trade payables, advances and deposits are subject to confirmation and reconciliation. The management, however, does not
expect any material impact on the financial statements.

XII) These Standalone Financial Statements are authorized for issue by the Company’s Board of directors on 15th July 2026

XIII) There were no significant adjusting events that occurred subsequent to the reporting period other than the events disclosed in the relevant notes.