10.1 In determining allowance for credit losses of trade receivables, the Company has used the pract ical expedient by computing the expected credit loss allowance based on a provision matrix. The provision matrix takes into account historical credit toss experience and is adjusted for forward looking information. The expected credit loss allowance is based on ageing of the receivabiesand ratesused in the provision matrix.

10.2 The Company considers its maximum exposure to credit risk with respect to customers as at March 31,2026 to be ? 2,258.56 Lacs(March31,2025 ?2.161.40 Lacs), which is the carrying value of trade receivablesafterallowanceforcredit losses.

10.3 Thereare no outstanding receivables due from directors or other officers of the Company.

13.1 Loan primarily represents loans given to other entities to he used In the ordinary course of business.! Please see note no. 39)

13.2 The Company have not advanced or loaned or invested funds to any other person (s) or entity (ies}. ncluding foreign entities (Intermediaries)with the understanding that the Intermediaryshall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by oron behalf of the company!Ultimate Beneficiaries)or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Benef iciares.

13.3 There are no outstanding loans/advances in the nature of loan to promoters, key management personnel or other officers of the Company.

15.2 Rights, preferences and restrictionsattaching to Equity Shares

The Company has only one class of equity shares having a par value of ?2 each. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian rupeee. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting except in case of interim dividend. In the event of liquidation, the equity shareholders of the company are eligible to receive the remaining assets of the company after distribution of all preferential amounts in proportion to their shareholding.

15.3 The Company does not have any holding Company or ultimate holding Company.

15.4 No shares have been reserved for issue under options and contracts / commitments for the sate of shares / disinvestment as at the balancesheet date.

15.5 No convertible securities has been issued by the Company during the year.

15.6 No calls are unpaid by any Director and off icer of the Company during the year.

The description of the nature and purpose of each reserve within equity is as follows:

(a) Securities premium: This represents amount received towards issue of equity shares over their face value. This amount can be utilised inaccordance with the provisions of Companies Act, 2013.

(b> Retained earnings: Retained ear ningsare the profits that the Company has earned till date, less any transfers to general reserve, dividendsorotherdistnbutions paid to shareholders.

19.1 Nature of Security

Cash credit and Buyer's Credit from bank are secured by way of hypothecation charge on all existing and future current assets of the Company. Further secured through first and exclusive mortgage on immovable properties being Land and Building owned by the Companyand also by the personal guaranteeof the directors of the Company. Mi Sanjay Goenkaand Mrs NilimaGoenka.

19.2 Repayment Terms and the applicable rate of interest on the above loan during theyear:

a) Buyer’sCredit from Kotak Mahlndra Bank Ltd isrepayableon 22.06.2026.

b> Rate of interest on Buyer's Credit from Kotak Mahindra Bank Ltd is 3 mcnthsSOFR plus45BPS.

c) Rateof Interest on Cash credit is 8 25% p a. ason March31.2026.

28.1 During the year, the Company has recognised an amount of ? 146.17 Lacs( Previour Year 2024-25: ? 141.73 Lacs )as remuneration to Key Managerial Personnel on account of short-term employee benefits.

28.2 Implementation of New Labour Codes

effective November 21, 2025 the Government of India consolidated 29 existing labour regulations into four Labour Codes, namely. 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, collectively referred to as the "New Labour Codes".

28.3 The Group has re-assessed its liability for Gratuity using this revised wage base. The resulting increase in the Present value of Defined Benefit Obligation has been recognised as a past service cost. In accordance with the ICAI FA0 on Labour Codes, the total impact of ? 4.38 Lacs has been debited to the standalone statement of Profit and Loss for the year ended 31* March 2026. A corresponding Deferred Tax Asset has been recognised under IND AS 12, as these costs are tax-deductible only upon actual payment.

(b) Defined Benefit Plans:

The following are the types ot Oefined Benefit Plans:

(I) Gratuity Plan

Every employee who has completed five years or more of service isentitled togratuity on terms not less favourable than the provisions of The Payment of Gratuity Act, 1972. The present value of defined obligation and related current cost are measured using the Projected Unit Credit Method with actuarial valuation being carried out at Balance Sheet date

(II) Provident Fund

Provident Fundas per the provisionsof the Employees Provident Fundsand Miscellaneous Provisions Act, 1952.

(c) Risk Exposure Defined Benefit Plans

Defined benefit plans expose the Company to actuarial risks such as: Interest rate risk, Salary riskand Demographic risk.

a) Interest rate risk: The defined benefit obligation calculated uses a discount rate based on government bonds. If the bond yield falls, the defined benefit obligation will tend to increase.

b) Salary risk: Higher than expected increases in salary will increase the defined benefit obligation.

c) Demographic risk: This is the risk of variability ot results due to unsystematic nature of decrements that includes mortality, withdrawal, disability and retirement The effect of these decrements on the defined benefits obligations is not straight forward and depends on the combination of salary increase, discount rate and vesting criteria. It is important not to overstate withdrawals because in the financial analysis the retirement benefit of the short career employee typically costs lessperyearas compared to a long service employee.

34.1 Sale to and purclrases from related party are made in the ordinary course of business and on terms equivalent to those that prevail in arm’s length transactions. Outstanding balances at the year-end are unsecured and settlement occurs in cash. The Company has recorded the receivable relating to amount due from Related parties net of impairment. I his assessment is undertaken each Financial Year through examining the Financial Position of the Related parties and the market in which the Related Party operates.

35 Financial instrumontsand related disclosures

35.1 rairvaluemeasurement

The fair values of the financial assets and liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in forced or liquidation sale.

The Company has established the following fair value hierarchy that categories the value into 3 levels. The inputs to valuation techniques used to measure fair value of financial instruments are:

Level 1: The hierarchyusesquotedladjustedlpricesinactivemarketsforidenticalassetsorliabrlities.

Level 2: The fair value of financial Instruments that are not traded In an active market (for example traded bonds, over the counter derivatives) is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on company specific estimates The mutual fund units are valued using the closing net asset value if all significant inputs required to fair value an Instrument are observable, the instrument is included in Level 2.

Level 3: If one or more of t he significant Inputs is not based on observable market data, the instrument is Included in Level3.

The management has assessed that the fair values of cash and cash equivalents, trade receivables, trade payables, lease liabilities, short term borrowings and other current financial liabilities approximates their carrying amounts largely due to the short-term maturities of these instruments. The management has assessed that ihe fair value of floating rate instruments approximates their carrying value.

35.2 Financial instruments by category

The following table shows fair values of financial assets and liabilities, including their levels in financial hierarchy, together with the carrying amounts shown In the statement ot financial posit ion. The table does not include fair value informal Ion for financial assets and financial liabilities not measured at fair value if the carrying amount isa reasonabieapprcximation of fair value.

35.3 Financial Risk Management

The Company has exposure to the following risks arising from financial instruments:

I. Credit risk

II. Liquidity risk

III. Market risk

Risk Management Framework

The Company's principal financial liabilities comprises of borrowings, trade and other payables. 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, and cash & cash equivalents that derive directly from its operations.

The Company's activities expose it to a variety of financial risks, including market risk, credit risk and liquidity risk. The Company's primary risk management focus is to minimise potential adverse effects of market risk on its financial performance. The Company's exposure to credit risk is influenced mainly by the individual characteristic of each customer and the concentration of risk from the top few customers. The Company's risk management assessment and policiesand processes are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor such risks and compliance with the same. Risk assessment and management policies and processes are reviewed regularly to reflect changes in market conditions and the Company’sactivities.

This note presents information about the Company's exposure to each of the above risks, the Company's objectives, policies and processes for measuring and managing risk.

(I) Credit Risk

Credit risk is the risk of financial loss of the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from the Company's receivables from customers. Credit risk arises when a customer or counterparty does 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 from its financing/investing activities, including deposits with bank. The Company has no significant concentration of credit risk with any counterparty.T hecarryingamount of financial assets represent the maximum credit risk exposure.

Trade Receivable

The risk management committee has established a credit policy under which each new customer is analysed individually for creditworthiness before the Company's standard payment and delivery terms and conditions are offered. The Company's review includes external ratings, if they are available, financial statements, credit agency information, industry information and in some cases bank references.

Exposure to Credit Risks

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer However management also considers the factors that may influence the credit risk of its customer base including the default risk associated with the industry. Details of concentration percentage of revenue generated from lop customer and top five customers are stated below:

Trade receivables are primarily unsecured and are derived from revenue earned from customers. Credit risk is manageo through credit approvals, establishing credit limits and by continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business. As per simplified approach, the Company makes provision of expected credit lossed on trade receivables using a provision matrix to mitigate the risk of default payments amd makes appropriate provisionsat each report ing date whenever is for longer period and involves higher risk.

(II) Liquidity Risk

Liquidity risk isdefinedas the risk thattheCompany will not be able to settle or meet its obligations on time or at reasonable price. Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of credit facilities to meet obligations when due. The Company's finance team is responsible for liquidity, funding as well as settlement management. In addition. Processes and policies related to such risks are overseen by senior management Management monitors the Company's liquidity position through rolling forecasts on the basis of expected cash flows.

The Company's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due. under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.

Exposure to Liquidity Risk

The table below provides details regarding the remaining contractual maturities of financial liabilities and investments at thereportingdate based oncontractual undiscounted payments.

Note: Security Deposits contained under Other Non Current Financial Liabilities do not have any maturity date. These deposits are against the contract of service. The said deposits will be released only after the corresponding contract is cancelled and the company does not foresee the contract to be cancelled in the near future.

(Ill) Market Risk

Market risk is the risk of loss of future earnings, fair value or future cash flows that may result from a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest rates and other market changes that effect market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial instruments including investments, receivables, payablesand borrowings.

(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 exposure to the risk of changes In market interest rates related primarily to the Company’s short term borrowing with floating interest rates. The Company constantly monitors the credit marketsand rebalancesitsfinancing strategies to achieve anoptimal maturity profileand financing cost.

Sensitivity Analysis

Fixed rate instruments that are carried at amortised cost are not subject to interest rate risk for the purpose of sensitive analysis.

Interest Rate Sensitivity

The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion of loans and borrowings affected. With all other variables heid constant, the Company's profit before tax is affected through the impact on floating rate borrowings, as follows:

(c) Currency Risk

The Company has Foreign Currency Exchange Risk on imports of Input materials in foreign currency for Its business, The Company evaluates the impact of foreign exchange rate fluctuations by assessing its exposure to exchange rate risks. Certain transactions of the Company act as a natural hedge as a portion of both assets and liabilities are denominated in similar f oreign currencies. For the remaining exposure to foreign exchange risk, the Company adopts a policy of selective hedging based on risk perception of the management using derivative, wherever required to mitigate or eliminate the risk.

T he Company's exposure to foreign currency riskat the end of the reporting period are as follows:

Note: Explanation for change in ratio by more than 25%

I) Return on Investment has decreased due to dimunition in fair value of investments during the year.

Ill Debt equity ratio is increased due to increase in total debts of the Company during the year.

Ill} Current ratio is decreased due to increase in current liabilities of the Company during the year Current liabilities have increased due to increase in borrowings during the year.

IV) Inventory Turnover ratio is decreased due to increase in inventory of the Company during the year.

V) Trade payables ratio is increased due to increase in net purchases of the Company during the year.

41 OtherStatutory Information

II The Company do not have any Benamf property, where any proceeding has been initiated or pending against the Company for holding any Benami property.

II) The Company do not have any transactions with companies struck off under section 248 of the Companies Act. 2013 or section 560of theCompaniesAct. 1956

III) TheCompany do not haveany charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

V) The Company have not advanced or loaned or invested funds to any other person(s}or entity! ies) including foreign entities (Intermediaries)with the understanding that the 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) provide any guarantee, security or the like toor on behalf of the Ultimate Beneficiaries

VI) The Company have not received any fund from any persons) 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 Deneficiaries)or

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

VII) The Company has not been declared as Wilful defaulter by any Banks. Financial institution or Other lenders.

VIII ( The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act. 1961( such as. search or survey or any other relevant provisions of the Income Tax Act, 1961).

IX) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act. 2013 read withCompanies( Restriction on number of Layers )Rules. 2017.

Implementation of New Labour codes

Effective November 21 2025 the Government of India consolidated 29 existing labour regulations into four Labour Codes, namely, The Code on Wages, 2019, T he Industrial Relations Code, 2020, The Code on Social Security, 2020, and the Occupational Safety. Health and Working Conditions Code. 2020. collectively referred to as the "New Labour Codes". Based on the requirements of New Labour Codes and relevant Accounting Standards, the entity has estimated the liability for employee benefits. There is no incremental cost arised to the Company on such estimation on account of recognition of past service costs.

42 Certain Trade Receivables, Loans & Advances and Trade Payables are subject to confirmation/reconciliation. In the opinion of the management, the value of Trade Receivables, trade payables, security deposits and Loans ?> Advances realiseable/payable in the ordinary course of business, will not be less than the value at which these are stated in the Balance Sheet.

43 Segment Reporting

There is only one primary business segment i.e 'Sodium Silicate, Construction Chemicals and related services" and hence no separate segment information is disclosed in this financials. Secondary information is reported geographically.

Geographical segments

The Company primarily operates in India and therefore analysis of geographical segment is demonstrated into Indian and overseas operation as under:

45 Figures for the previous periods have been regrouped and reclassified to confirm to the classification of the current period, wherever considered necessary.

The accompanying notes form an integral part of these Standalone financial statements