2.15 Provisions, Contingent Liabilities, Contingent Assets and Commitments

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.
Contingent liability is disclosed in the case of:

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

A present obligation arising from the past events, when no reliable estimate is possible;
A possible obligation arising from the past events, unless the probability of outflow of resources is
remote.

Commitments indude the amount of purchase order (net of advances) issued to parties for
completion of assets.

Provisions, contingent liabilities, contingent assets and commitments are reviewed at each balance
sheet date.

2.16 Cash flow statement

Cash flow are reported using the indirect method, whereby net profit before tax is adjusted for the
effects of transactions of a non-cash nature, any deferrals of 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 flows from operating, investing and finance activities of the Company are
segregated.

2.17 Lease

The Company’s lease asset dasses primarily consist of leases for land and building. The Company
assesses whether a contract contains a lease at the inception of a contract. Acontract is, or contains,
a lease if the contract conveys the right to control the use of an identified asset for a period of time in
exchange for consideration. To assess whether a contract conveys the right to control the use of an
identified asset, the Company assesses whether: (i) the contract involves the use of an identified
asset (ii) the Company has substantially all of the economic benefits from use of the asset through the
period of the lease and (iil) the Company has the right to direct the use of the asset. At the date of
commencement of the lease, the Company recognizes a right-of-use (ROU) asset and a
corresponding lease liability, as per IND AS 116 "Leases", for all lease arrangements, in which it is a
lessee, except for leases with a term of 12 months or less (short-term leases) and low-value leases.
For these short-term and low-value leases, the Company recognises the lease payments as an
operating expense on a straight-line basis over the term of the lease.

2.18 Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to
equity shareholders by the weighted average number of equity shares outstanding during the period.

2.19 Foreign currency translation

I) Functional and presentation currency

Items included in the financial statements are measured using the currency of the primary economic
environment in which the Company operates (" the functional currency") i.e. In Indian Rupees (INR)
and all values are rounded of to nearest lakhs except otherwise indicated,
ii) Transactions and balances

Transactions in foreign currencies are recorded at the exchange rates prevailing on the date of
transaction

a) Foreign currency monetary assets and liabilities such as cash, receivables, payables etc., are
translated at year end exchange rates.

b) Non-monetary items denominated in foreign currency such as investments, fixed assets, etc. are
valued at the exchange rate prevailing on the date of transaction.

c) Exchange differences arising on settlement of transactions and translation of monetary items are
recognised as income or expense in the year in which they arise. However, exchange gain or loss on
settlement of transactions related to fixed assets are capitalised to the respective assets.

2.20 Borrowing cost:

General and specific borrowing costs that are directly attributable to the acquisition, construction or
production of a qualifying asset are capitalised during the period of time that is required to complete
and prepare the asset for its intended use or sale. Qualifying assets are assets that necessarily take a
substantial period of time to get ready for their intended use or sale. Other borrowing costs are
expensed in the period in which they are incurred.

a) Rights, preferences and restrictions attached to shares

Equity shares

TheCompanyhasonedassofequityshareshavingaparvalueof' Rs10 /- each. Each shareholder is entitled to
such rights as to attend and vote at the meeting of the shareholders, to receive dividends distributed and also has
right in the residual interest of the assets of the Company. Every shareholder is also entitled to right of inspection
of documents as provided in the Companies Act, 2013. There are no restrictions attached to equity shares.

The dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing Annual
General Meeting, except in case of interim dividend

Note 32

Change in Accounting Policy - Leave Encashment

During the financial year ended 31.03.2025, the Company has changed its accounting policy for Annual leave
encashment liabilities. Previously, the Company recognized leave encashment expenses on a calendar year
basis i.e., for annual leave entitlement on an calendar year basis.

Effective financial year ended 31.03.2025, based on professional advice, the Company has adopted financial
year basis. Under the revised policy, the Company now recognizes the present value of the obligation for leave
encashment.

Note 33

Change in Accounting Policy - Bonus

During the financial year ended 31.03.2025, the Company has changed its accounting policy for Annual Bonus.
Previously, the Company recognized Bonus on festival (Diwali) yearly basis.

Effective financial year ended 31.03.2025, based on professional advice, the Company has adopted financial
year basis. Under the revised policy, the Company now recognizes the present value of the obligation for Bonus
payable.

This change provides a more accurate representation of the Company's financial obligations and aligns with the
principles of accrual accounting and ICAI guideline.

(b) Fair value hierarchy

The company uses the following hierarchy for determining and disclosing the fair value of financial instalments by
Valuation technique:

LEVEL 1- Quoted ( Unadjusted) in active markets for identical assets or liablities.

LEVEL 2 - Other techniques for which all inputs which have a significant effect on the recorded fair value are observable,
either direclly or indirectly.

LEVEL 3 - Techniques which use inputs that have a significant effect on recorded fair value that are not based on

II Financial Risk Management

The board of directors (BOD) has overall responsibility for the establishment and oversight of the Company's risk
management framework and thus established a risk management policy to identify and analyse the risk faced by company
. Risk management systems are reviewed by BOD periodically to reflect changes in market conditions and the Company’s
activities. The Company through its training and management standards and procedures develop a disciplined and
constructive controlled environment The Audit committee oversees how management monitors compliance with the
Company's risk management policies and procedures, and reviews the risk management framework.

The board of directors regularly reviews these risk and approves the risk management policies,
which covers the management of these risk :
a) CREDIT RISK

The risk of financial loss to the company If the customer or counter party to the financial Instruments falls to meet Its
contractual obligations and arises principal from the company's receivables, treasury operations and other operations that
are in the nature of lease.

1a) Receivables

The company's exposure to credit is influenced mainly by the individual characteristic of each customer. The company
extended credit to its customers in normal course of business by considering the factors such as financial reliability of
customers. The company evaluates the concentration of the risk with the respect to trade receivables as low, as its
customers arelocated in several jurisdictions and operate in largely independent markets.

1b) Financial instruments and cash deposits.

Investments are made only with the approved counter parties. The company places its cash Equivalents based on the
creditworthiness of the financial institutions.

b) Liquidity risk

Ultimate responsibility for liquidity risk management rests with the board of directors, which has established an
appropriate liquidity risk management framework for the management of the Company's short, medium and long term
funding and liquidity management requirements.

b) Interest rate risk

Interest rate risk is the risk that the fair value of future cash flows of an exposure will fluctuate because of changes in market
interest rates. The Company's exposure to the risk of changes in market interest rates relates primarly to the Company's
debt obligations with floating interest rates. Any changes in the interest rates environment may impact future cost of
borrowings. The Company monitors the movements in interest rates and wherever possible, reacts to material
movements in such interest rates by restructuring its financing arrangements.

For the year ended March 31,2025 and March 31,2024, every 1 % increase / decrease of the floating rate of interest would
impact profit before tax by 1 (16.82 lakhs)/116.82 lakhs and 1(18.99 lakhs) /118.99 lakhs respectively.

c) Revenue concentration risk

Revenue concentration risk is the level of risk the customer base hold as a result of relying on a small percentage of
customers. The company exposure to revenue concentration risk is the concentraton of few customer in the Company
turnover. Top 3 customers account for 81.59% and 82.08% of the company's turnover for the FY 24-25 and FY 23-24
Respectively.

Ill CAPITAL MANAGEMENT

For the purpose of company's capital management, capital includes issued equity share 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 maximize the shareholders wealth. The company manages its capital structure and makes adjustments in the light of
changes in economic conditions and the requirements of thefinancial covenants.

43 Additional Regulatory Disclosures as per Schedule III of Companies Act, 2013:

a) The Title deeds of the immovable properties (other than properties where the Company is the Lessee and the
lease agreements are duly executed in favour of the lessee) are held in the name of the Company.

b) The Company does not have any investment property.

c) As per the Company's accounting policy, Property. Plant and Equipment (including Right of Use Assets) and
intangible assets are carried at historical cost (less accumulated depreciation & impairment, if any), hence the
revaluation related disclosures required as per Additional Reg Jatory Information of Schedule III (revised) to the
Companies Act, is not applicable.

d) The Company has not granted Loans or Advances in the nature of loan to any promoters, Directors, KMPs and
the related parties (As per Companies Act, 2013), which are repayable on demand or without specifying any terms
or period or repayments.

e) No Proceedings have been initiated or pending against the Company for holding any Benami property under
the Benami Transactions (Prohibition)Act, 1988 (45of 1988)and the rules madethereunder.

f) The Company has been sanctioned facilities from banks on the basis of security of current assets and
immovable properties. The periodic returns filed by the Company with such banks are In agreement with the
books of accou rrtsoftheCompany.

For C A Patel & Associates For and on behalf of the Board of Directors

Chartered Accountants

Firm Registration No : 014055S

RAJESH MODI Arihant Parakh Sudershan Parakh

Partner Managing Director Director

Membership No : 027425 DIN : 07933966 DIN: 01161124

UDIN No.: 25027425BMNYUA5625

Place: Chennai S.Abishek Manikandan Ramasamy

Date: 27th May, 2025 Company Secretary Chief Financial Officer