p) Provisions, contingent liabilities and contingent
assets

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 economic benefits will be
required to settle the obligation, and a reliable estimate
can be made of the amount of the obligation.

The amount recognized as a provision is the best estimate
of the consideration required to settle the present
obligation at the end of the reporting period, taking
into account the risks and uncertainties surrounding
the obligation.

These estimates are reviewed at each reporting date
and adjusted to reflect the current best estimates. If the
effect of the time value of money is material, provisions
are discounted. The discount rate used to determine the
present value is a pre-tax rate that reflects current market
assessments of the time value of money and the risks
specific to the liability. The increase in the provision due to
the passage of time is recognised as interest expense.

Contingent liabilities exist when there is a possible
obligation arising from past events, the existence of
which will be confirmed only by the occurrence or non¬
occurrence of one or more uncertain future events not
wholly within the control of the Company, or a present
obligation that arises from past events where it is either
not probable that an outflow of resources will be required
or the amount cannot be reliably estimated. Contingent
liabilities are appropriately disclosed unless the possibility
of an outflow of resources embodying economic
benefits is remote.

A contingent asset is a possible asset arising from past
events, the existence of which will be confirmed only
by the occurrence or non- occurrence of one or more
uncertain future events not wholly within the control of
the Company. Contingent assets are not recognised till
the realisation of the income is virtually certain. However,
the same are disclosed in the financial statements where
inflows of economic benefits are possible.

q) Cash and cash equivalents

Cash and cash equivalents for the purpose of presentation
in the statement of cash flows comprises of cash at bank
and in hand, bank overdraft and short term highly liquid
investments/bank deposits with an original maturity of
three months or less that are readily convertible to known
amounts of cash and are subject to an insignificant risk of
changes in value.

r) Events after the reporting period

Adjusting events are events that provide further evidence
of conditions that existed at the end of the reporting
period. The financial statements are adjusted for such
events before authorisation for issue.

Non-adjusting events are events that are indicative of
conditions that arose after the end of the reporting
period. Non-adjusting events after the reporting date are
not accounted but disclosed.

s) Earnings Per Share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

• The profit attributable to owners of the company

• By the weighted average number of equity
shares outstanding during the financial
year, adjusted for bonus elements in equity
shares issued during the year and excluding
treasury shares.

(ii) Diluted earnings per share

Diluted earnings per share adjusts the figures used in
the determination of basic earnings per share to take
into account:

• The after income tax effect of interest and
other financing costs associated with dilutive
potential equity shares, and

• The weighted average number of additional
equity shares that would have been
outstanding assuming the conversion of all
dilutive potential equity shares.

The dilutive potential equity shares are adjusted for
the proceeds receivable had the equity shares been
actually issued at fair value (i.e. the average market
value of the outstanding equity shares). Dilutive

potential equity shares are deemed converted as at
the beginning of the period, unless issued at a later
date. Dilutive potential equity shares are determined
independently for each period presented.

The number of equity shares and potentially dilutive
equity shares are adjusted retrospectively for all periods
presented for any share splits and bonus shares issues
including for changes effected prior to the approval of the
financial statements by the Board of Directors

t) Offsetting instruments

Financial assets and liabilities are offset and the net
amount reported in the Balance Sheet when there is a
legally enforceable right to offset the recognised amounts
and there is an intention to settle on a net basis or realise
the asset and settle the liability simultaneously. The legally
enforceable right must not be contingent on future events
and must be enforceable in the normal course of business
and in the event of default, insolvency or bankruptcy of
the Company or the counterparty.

u) Segment Reporting

The Company is primarily engaged in trading activities.
Since this segment meets the aggregation criteria as per
the requirements of Ind AS 108 on 'Operating segments',
the management considers this as a single reportable
segment. Accordingly, disclosure of segment information
has not been furnished.

v) Financial Risk Management
Risk management framework

The Company's Board of Director has overall responsibility
for the establishment and oversight of the Company's risk
management framework. The Board has established the
Risk Management Policy.

The Company's risk management policies are established
to identify and analyse the risks faced by the Company,
to set appropriate risk limits and controls and to monitor
risks and adherence to limits. Risk management policies
and systems are reviewed regularly to reflect changes
in market conditions and the Company's activities.
The Company, through its training and management
standards and procedures, aims to maintain a disciplined
and constructive control environment in which all
employees understand their roles and obligations.

The Audit Committee oversees how management monitors
compliance with the company's risk management policies

and procedures, and reviews the adequacy of the risk
management framework in relation to the risks faced
by the Company. The Audit Committee is assisted in its
oversight role by Internal Audit function, which regularly
reviews risk management controls and procedures, the
results of which are reported to the Audit Committee.

The Company has exposure to Credit, Liquidity and Market
risks arising from financial instruments:

A. Credit Risk

Credit risk is the risk of financial loss to 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.

Trade and other receivables: -

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 of the
country in which customers operate.

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. Credit limits
are established for each customer and reviewed
periodically.

At the end of the reporting period, there are no
significant concentrations of credit risk. The carrying
amount reflected above represents the maximum
exposure to credit risk.

B. Liquidity Risk

Liquidity risk is the risk that the Company will
encounter difficulty in meeting the obligations
associated with its financial liabilities that are settled
by delivering cash or another financial asset. 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.

requirement based on annual operating plans and long
term and other strategic investment plans. The funding
requirements are met through a mix of equity, borrowings
and operating cash flows.

Interest rate risk Management

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 is exposed
to interest rate risk because company borrows funds at
both fixed and floating interest rates. The risk is managed
by the company by maintaining an appropriate mix
between fixed and variable rate borrowings.

For and on behalf of For and On behalf of the Board of Directors

B. K. Sood & Co.

Chartered Accountants Sd/- Sd/-

Firm Registration No. 000948N Ashok Kumar Sawhney Anuj Sawhney

Director Director

Sd/- DIN : 00303519 DIN : 00471724

CA B.K. Sood

Partner Sd/- Sd/-

M. No. 080855 Vijay Kalra Vikas Jain

Chief Financial Officer Company Secretary

Place : New Delhi
Date : May 21,2025