Provisions and Contingent liabilities

A provision is recognized when there is a present obligation as a result of a past event, 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. A disclosure for a contingent liability is made when there is a possible
obligation or a present obligation that may, but probably will not, require an outflow of resources. Where there is a possible obligation or a present
obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosures is made.

Impairment

At each Balance Sheet date, the Company assesses whether there is any indication that assets may be impaired. If any such indication exists, the
Company estimates the recoverable amount. If the carrying amount of the assets exceeds its recoverable amount, an impairment loss is recognised in the
accounts to the extent the carrying amount exceeds the recoverable amount.

Borrowing Cost

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalised as part of the cost of such assets. A qualifying
asset is one that necessarily takes a substantial period of time to get ready for its intended use. All other borrowing costs are charged to revenue.

Revenue Recognition

Sales Revenue from sale of product is recognised on transfer of the significant risks and rewards of ownership of the goods to the buyer and it is
reasonable to expect ultimate collection. Sales revenue are inclusive of excise duty and net of sales tax and trade discount. Export sales are recognised
on the date of the Company ships the exported goods as evidenced by their Bill of Lading/ Air-way Bill.

Cash and Cash Equivalents

Cash and cash equivalents include cash in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of
three months or less.

Inventories

Items of inventories are measured at lower of cost or net realizable value after providing for obsolescence, if any. Cost of inventories comprises of cost of
purchase and other costs incurred in bringing them to their respective present location and condition. Cost is determined on FIFO basis.

Earning per Share

In determining basic earnings per share, the company considers the net profit attributable to equity shareholders. The number of shares used in
computing basic earning per share is the weighted average number of shares outstanding during the period. For the purpose of calculating diluted
earnings per share, the net profit or loss for the period attributable to equity shareholder and weighted average number of shares outstanding during
the period is adjusted for the effects of all dilutive potential equity shares.

Foreign Currency Transactions

Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of the transaction. Monetary items denominated in foreign
currency and outstanding at the balance sheet date are translated at the exchange rate prevailing on the balance sheet date. Exchange difference on
translation of monetary assets and liabilities and realised gain and losses on foreign currency transactions are recognised in the profit and loss account.

Retirement Benefits

Short Term Employee Benefits

All employee benefits payable wholly within twelve months of rendering service are classified as short-term employee benefits. Benefits such as salaries,
allowances, short-term compensated absences and the expected cost of other benefits is recognised in the period in which the employee renders the
related service.

Post Employment Benefits
Defined Contribution plans

Contributions paid/ payable to defined contribution plans comprising of provident fund and pension fund are charged on accrual basis. The Company
makes monthly contributions and has no further obligations under the plan beyond its contributions.

Defined benefit plans

Gratuity is a post employment benefit and is in the nature of a defined benefit plan. The defined benefit/obligation is calculated at or near the balance
sheet date by an independent actuary using the projected unit credit method.

The obligation is measured at the present value of the estimated future cash flows. The discount rates used for determining the present value of the
obligation under defined benefit plan, is based on market yields on Government securities as at the balance sheet date.

Actuarial gains and losses are recognised immediately in the profit and loss account. Gains or losses on the curtailment or settlement of any defined
benefit plan are recognised when the curtailment or settlement occurs.

Other long term benefits

The defined benefit obligation in the form of leave encashment has been estimated and charged to the profit and loss account based on actuarial
valuation, carried out as at the Balance sheet date.

Finance Lease

Lease in terms of which the company assumes substantially all the risks and rewards of ownership are classified as finance lease. Subsequent to the initial
recognition, the assets are accounted for in accordance with the accounting policy applicable to that asset. Assets taken on lease are capitalized at fair
value or net present value of the minimum lease payments, whichever is lower. Depreciation on the assets taken on lease is charged at the rate
applicable to similar type of fixed assets as per the Accounting Policy.

Operating Lease

Lease of assets under which significant risks and rewards of ownership are effectively retained by the lessor are classified as operating leases. Lease
payments under an operating lease are recognized as expenses in the Statement of Profit and Loss.

Right, restriction attached to above equity shares

The company has only one class of equity shares having a par value of Rs 10/- per share. Each shareholder is eligible for one vote per share. In the event of liquidation, the
equity shareholders are eligible to receive the remaining assets of the company, after distribution of all preferential amounts. The distribution will be in the proportion to
the number of equity shares held by the shareholders.

Notes:

The authorised share capital of the Company was increased from Rs 55,000 Thousand to Rs 250,000 Thousand by creation of 19500000 equity shares of Rs 10/- each
pursuant to a Shareholder's resolution passed in Extraordinary General Meeting held on 14th March 2024.

The com.pany has issued 12249000 fully paid up equity shares of Rs 10 each as bonus shares in the ratio 3:1 pursuant to Shareholder's resolution passed in Extraordinary
General Meeting held on 14th March 2024 and alloted to eligible shareholders on 21st March 2024.

The aggregate number of equity shares alloted as fully paid up by way of bonus shares in immediately preceding five years ended 31st March 2025 are 12249000 equity
shares during the year 31st March 2024.(In Last Five years, immediately preceding the Balance sheet date, aggregate number of bonus shares issued by the company is
12249000 equity shares)

The company has taken cash credit facilities from Kotak Mahindra Bank of Rs. Nil as at 31st March 2025(Rs. 1,00,000 thousands as at 31st March 2024), bearing the interest rate of 9.15%
p.a.as at 31st March 2025 (9.15% p.a as at 31st March 2024) consisting of Applicable REPO rate and the spread @2.65% p.a. as at 31st March 2025(2.65% p.a as at 31st March 2024).

The facility is secured as under:

1. Exclusive charge on the borrowers present and future stocks of raw materials, stock in progress, stores, semi-finished and finished goods, tools, book debts, outstanding monies,
receivables, claims, due and owing.

2. Exclusive charge on al the present and future plant and machinery including furniture, fixtures and all other movable accessories of the borrower (except those which are exclusively funded
by other term lenders).

3. Exclusive charge over immovable property situated at 89/4/2 Block F Okhla Industrial Area Phase -1 owned by Vaishali F&F LLP and corporate guarantee of Vaishali F&F LLP

4. Exclusive charge over immovable property situated at 1459 B, Sector-32, Yamuna Expressway Industrial Development Authority, Uttar Pradesh.

5. Personal Guarantees of Mr. Manoj Arora, Ms. Alka Arora and Mr. Dhruv Arora

The company has taken a cash credit facilities from HDFC Bank of Rs. 1,00,000 thousands as at 31st March 2025, bearing the interest rate of 8.60% p.a.as at 31st March 2025 consisting of
Applicable REPO rate and the spread @2.15% p.a. as at 31st March 2025.

The facility is secured as under:

1. Security -Primary: Stock,Debtors

2. Security -Collateral: Personal Guaratees,Stock and Debtors, Industrial Property.

3. Collateral Details- Exclusive charge over immovable property situated at 89/4/2 Block F Okhla Industrial Area Phase -1 owned by Vaishali F&F LLP and corporate guarantee of Vaishali F&F
LLP

4. Exclusive charge over immovable property situated at 1459 B, Sector-32, Yamuna Expressway Industrial Development Authority, Uttar Pradesh.

The company has obtained loans from banks or financial institutions secured by its current assets. It has submitted quarterly stock statements to the bank which are in agreement with its books
of accounts except as stated in Note 18.

The HDFC Bank has sanctioned the overdraft facility of Rs. 6 crores(Rs. 6 Crores as on 31st March 2024) against which no amount is outstanding as on 31st March 2025(31 st March 2024-Nil).
The overdraft facility is secured by exclusive charge over immovable property situated at DSO- 708 on 7th Floor, The South Court, DLF Saket, Commercial Plot bearing no. A-1, Saket District
Centre, New Delhi-110017 owned by the company itself.

Note 40- Benami Property

No proceedings are initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 and the rules made
thereunder.

Note 41- Undisclosed Income

There is no transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.
Note 42- Willful Defaulter

The company is not a declared willful defaulter by any bank or financial Institution or other lender.

Note 43- Relationship with Struck off Companies

The company does not have any transaction and balances with Strucked off companies.

Note 46- Compliance with Number of Layers of Companies

There are no subsidiaries therefore compliance with respect to Section 2(87) of the Companies Act, 2013 not applicable on the company.

Note 47- Crypto Currency or Virtual Currency

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

Note 48- Segment Reporting

The Company operates only in one Business Segment and one Geographical Segment as company is engaged in business in India only, hence the
Company does not have any reportable Segments as per Accounting Standard (AS-17) on " Segment Reporting".

Note 49 - The Company has not advanced/loaned/invested/ to any other persons/entities including foriegn entities with the understanding
(whether recorded in writing or otherwise) that the Intermediary shall -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 -Provide any guarantee, security or the like to or on behalf of
the Ultimate Beneficiaries;

Note 50 - The Company has not received any advance/loan/investment from persons/entities including foriegn entities with the understanding
(whether recorded in writing or otherwise) that the company shall -Directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the person/entities (Ultimate Beneficiaries) or-Provide any guarantee, security or the like to or on behalf of
the Ultimate Beneficiaries;Note 51 - Previous year figures have been regrouped/reclassified wherever considered necessary, to make them
comparable with current year figures.Previous Years figures are regrouped/reclassified to the extent necessary for reporting purpose.

Note 51 - Previous year figures have been regrouped/reclassified wherever considered necessary, to make them comparable with current year
figures.Previous Years figures are regrouped/reclassified to the extent necessary for reporting purpose.

For and on behalf of Board of Directors

Manoj Arora Dhruv Arora Aarti Kashyap Harpreet Kaur

Managing Director Director Chief Financial Officer Company Secretary

DIN: 01811530 DIN: 03166931 PAN: DYXPK3969N Membership No-A66325