Notes: Property Plant Equipment, Right of Use of Assets, Investment Property & Other Intangible Assets.

1) Impairment loss

No Provision for Impairment loss is made during the year.

2) Propert Plant & Equipment pledged as security

Company has mortgaged its Leasehold Land & Buildings and has hypothecated its Plant & Machinery as security for its
borrowings situated at Tarapur (Refer Note no. 19).

3) For depreciation and amortisation refer Accounting policies (Note 3(c)).

4) All the immovable properties as per Property Plant & Equipment Schedule are held in name of the company.

5) Depreciation is provided based on useful life supported by technical evalution considering business specific usage, the
consumption pattern of the assets and the past performance of similar assets.

Notes:

i) Capital Reserve: It represents the gains of capital nature which mainly includes the excess of value of net assets acquired
over consideration paid by the Company for business amalgamation transaction in earlier years.

ii) Securities Premium: This is the difference between the face value of the equity shares and the consideration received
in respect of shares issued.

iii) General Reserve: The company created a General Reserve in earlier years pursuant to the provisions of the Companies
Act wherein certain percentage of profits were required to be transferred to General Reserve before declaring dividends.
As per Companies Act, 2013, the requirement to transfer profits to General Reserve is not mandatory. General Reserve
is a free reserve available to the company.

Note: In the case of present key managerial personnel, remuneration does not include gratuity benefits which are determined
for the company as a whole.

42. FAIR VALUES

Fair value measurement includes both the significant financial instruments stated at amortised cost and at fair value in the
statement of financial position. The carrying values of current financial instruments approximate their fair values due to the
short-term maturity of these instruments and the disclosures of fair value are not made when the carrying amount of current
financial instruments is a reasonable approximation of the fair value. The carrying values of the long-term financial instruments
approximates the fair values as the management has considered the fair value measurement techniques using the observable
data i.e. the discounting rate which was similar as to rates, tenure and the credit rating of the other instruments of the
Company. The management has also considered the effect of time value of money with respect to other long term financial
instruments at applicables rates.

43. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Company's activities expose it to a variety of financial risks: market risk,credit risk and liquidity risk. The Company's risk
management assessment and policies and processes are established to identify and analyze the risks faced by the Company,
to set appropriate risk limits and controls, and to monitor such risks and compliance with the same.

The Company has constituted a Risk Management Committee consisting of its directors. The Company has a robust risk
management policy to identify, evaluate business risks and opportunities. This policy seeks to create transparency, minimise
adverse impact on the business objectives and enhance the Company's competitive advantage.

Accounting classification & fair values

Carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy, are
presented below. It does not include the fair value information for financial assets and financial liabilities not measured at fair
value if the carrying amount is a reasonable approximation of fair value.

Fair value hierarchy

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly
(i.e., as prices) or indirectly (i.e., derived from prices).

Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs). The investments
included in Level 3 of fair value hierarchy have been valued using the cost approach to arrive at their fair value. The cost of
unquoted investments approximates the fair value because there is wide range of possible fair value measurements and the
costs represents estimate of fair value within that range.

44. CREDIT RISK

Credit risk arises from the possibility that customers shall not be able to settle their obligations as agreed and arises principally
from the Company's receivables from customers, loans and investments.Credit risk is managed through credit approvals,
establishing credit limits and continuously monitoring the creditworhtiness of counterparty to which the Company grants
credit terms in the normal course of business.

Investments

The Company limits its exposure to credit risk by investing in liquid securitites which primarily include mutual fund units.
The Company mitigates risk from non-performance of these securities by ensuring that it does not have any significant
concentration of exposures to specific industry sectors or specific country risks.

Trade receivables

Trade receivables are typically unsecured and derived from income earned from customers. On account of adoption of Ind AS
109, the Company uses expected credit loss model to assess the impairment loss or gain, however this is modified if in the
past experience of the company, there is likely mitigation of the credit risk.

Cash and cash equivalents

As at the year end, the Company held cash and cash equivalents of ' 54.94 lakhs (31.03.2025'52.36 lakhs). The cash and
cash equivalents other than cash on hand are held with banks.

Other Bank Balances

Other bank balances includes Bank Deposits which are held with banks.

Other financial assets

Other financial assets are neither past due nor impaired.

45. 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 three types of risk: currency risk, interest rate risk and other price risk, such as equity price
risk and commodity risk. The value of a financial instrument shall change as a result of changes in the interest rates, foreign
currency exchange rates, equity price fluctuations, liquidity and other market changes. Financial instruments affected by
market risk include loans and borrowings, deposits and investments.

46. FOREIGN CURRENCY RISK

Foreign exchange risk arises on future commercial transactions and on all recognised monetary assets and liabilities, which are
denominated in a currency other than the functional currency of the Company. The Company's management has set policy
wherein exposure is identified, benchmark is set and monitored closely, and accordingly suitable hedges are undertaken. The
Company's foreign currency exposure arises mainly from foreign exchange imports and exports, primarily with respect to USD,
JPY and EUR.

48. LIQUIDITY RISK

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. 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 the 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.

At present, the Company expects to repay all liabilities at their contractual maturity. In order to meet such cash commitments,
the operating activity is expected to generate sufficient cash inflows.

49. CAPITAL MANAGEMENT

For the purpose of the Company's capital management, capital includes issued equity capital, share 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 value of shareholder.

The Company monitors capital using Capital Gearing Ratio, which is net debt divided by total capital. Net debt includes loans
and borrowings, trade and other payables, less cash and cash equivalents.

50. HEDGE ACCOUNTING

The Company uses forward exchange contracts to hedge its currency risk. Such contracts are generally designated as cash
flow hedges.

The forward exchange forward contracts are denominated in the same currency as the highly probable forecast sales. These
contracts have a maturity of 12 months from the reporting date. The Company's policy is for the critical terms of the forward
exchange contracts to align with the hedged item.

The Company determines the existence of an economic relationship between the hedging instrument and hedged item based
on the currency, amount and timing of their respective cash flows. The Company assesses whether the derivative designated
in each hedging relationship is expected to be and has been effective in offsetting changes in the cash flows of the hedged
item using the hypothetical derivative method.

52. ADDITIONAL INFORMATION
(a) Earnings per share (EPS)

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders by the weighted average
number of equity shares outstanding at the end of the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders by the weighted average number of
equity shares outstanding at the end the year plus the weighted average number of equity shares that would be issued on
conversion of all the dilutive potential equity shares into equity shares.

56. SEGMENTAL INFORMATION

The Company has presented data relating to its segments based on its consolidated financial statements, which are presented
in the same Annual Report. Accordingly, in terms of paragraph 4 of the Indian Accounting Standard (Ind AS 108) "Operating
Segments", no disclosures related to segments are presented in these standalone financial statements.

57. REMEASUREMENT OF SECURITY DEPOSIT

Under Ind AS, all financial assets are required to be recognised at fair value. Accordingly, the Company has recorded these
security deposits at fair value under Ind AS. Differences between the fair value and the transaction value of the security
deposits have been recognised as prepaid rent.

58. CLASSIFICATION AND PRESENTATION OF ASSETS AND LIABILITIES

Under Ind AS, the Company is required to present its assets and liabilities bifurcated between financial assets/financial
liabilities and non-financial assets/non-financial liabilities. Accordingly, the Company has classified and presented the assets
and liabilities.

In the opinion of the management, the current assets, loans & advances have been stated at realizable value. Provision for all
the known liabilities is adequate and not in excess of the amount reasonably necessary.

63. SUBSEQUENT EVENTS

i) The final dividend on shares is recorded as a liability on
the date of approval by the shareholders. Income tax
consequences of dividends on financial instruments
classified as equity will be recognized according to
where the entity originally recognized those past
transactions or events that generated distributable
profits. The Company declares and pays dividends
in Indian rupees. Companies are required to pay/
distribute dividend after deducting applicable taxes.
The remittance of dividends outside India is governed
by Indian law on foreign exchange and is also subject to
withholding tax at applicable rates. Dividends declared
by the Company are based on profits available for
distribution. On May 21, 2026, the Board of Directors
of the Company have proposed a dividend of ' 1.75
per share in respect of the year ended March 31, 2026
subject to the approval of shareholders at the Annual
General Meeting, and if approved, would result in a cash
outflow of ' 108.12 lakhs.

ii) The Company evaluated all events and transactions
that occurred after March 31, 2026 through May 21,
2026; the date on which the financial statements are
issued. Based on the evaluation, the Company is not
aware of any events or transactions that would require
recognition or disclosure in the financial statements
other than that mentioned above.

64. OTHER STATUTORY INFORMATION FOR
FINANCIAL YEAR MARCH 31, 2026

a. Reporting under Rule 11 (e) (i) and Rule 11 (f) of the

Companies (Audit and Auditors) Rules, 2014.

i) No funds have been advanced or loaned
or invested (either from borrowed funds or
share premium or any other sources or kind
of funds) by the Company to or in any other
person(s) or entity(ies), including foreign entities
("Intermediaries"), 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 on behalf of the
Ultimate Beneficiaries.

ii) No funds have been received by the Company
from any person(s) or entity(ies), including foreign
entities ("Funding Parties"), 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
Funding Party ("Ultimate Beneficiaries") or provide
any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.

b. The Company does not have any benami property, no
proceedings have been initiated or pending against the
Company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of
1988) and rules made thereunder. The Company has
not traded or invested in Crypto Currency or Virtual
Currency during the current or previous year. Derivative
Transactions are applicable to the company.

c. There is no income surrendered or disclosed as
income during the current or previous year in the tax
assessments under the Income Tax Act, 1961, that has
not been recorded in the books of account.

d. The Company has not been declared wilful defaulter by
any bank or financial institution or government or any
government authority.

e. The Company has complied with number of layers
prescribed under clause (87) of Section 2 of the Act
read with the Companies (Restriction on number of
Layers) Rules, 2017.

f. The Company has not revalued its property, plant and
equipment or intangible assets or both during the
current or previous year.

g. The Company has not entered into any scheme of
arrangement which has an accounting impact on
current or previous financial year.

h. There are no charges or satisfaction which are yet to be
registered with the Registrar of Companies beyond the
statutory period.

65. PENALTY & SANCTIONS

During the previous year the Company received a Show
Cause Notice from the Securities and Exchange Board
of India (SEBI), pertaining to incorrect disclosures in the
shareholding pattern for the quarters ended December
2002 to June 2019. The notice also cited non-compliance
with Regulation 30(1) of the SEBI (Substantial Acquisition
of Shares and Takeovers) Regulations, 2011 (SAST
Regulations), in respect of disclosures required to be
made by the promoters of the Company. In response, the
Company filed a settlement application under the SEBI
(Settlement Proceedings) Regulations, 2018. Pursuant
to this application, as per the recommendation of the
Independent High Powered Advisory Committee (HPAC),
a settlement amount of ' 54,42,360 was proposed, taking
into consideration the facts and circumstances of the case.
This settlement amount has been paid by the company on
February 14, 2025 which is within the prescribed period.