k) Provision for liabilities and charges, Contingent liabilities and contingent
assets

The assessments undertaken in recognizing provisions and contingencies have
been made in accordance with the applicable Ind AS.

l) Earnings per share

The Company presents basic and diluted earnings per share (“EPS”) data for its
equity shares. Basic EPS is calculated by dividing the profit and loss attributable
to equity shareholders of the Company by the weighted average number of equity
shares outstanding during the period. Diluted EPS is determined by adjusting the
profit and loss attributable to equity shareholders and the weighted average
number of equity shares outstanding for the effects of all dilutive potential equity
shares.

m) Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 “Statement
of Cash Flows”, whereby profit / (loss) before tax is adjusted for the effects of
transactions of non-cash nature and any deferrals or accruals of past or future
cash receipts or payments. The cash flows from operating, investing and
financing activities of the Company are segregated based on the available
information.

b) Terms / Rights attached to Ordinary Equity Shares

The Company has only one class of Equity Shares having par value of Rs. 1/- per share. Each holder of Equity Shares is entitled to one
vote per share. The Company declares and pays dividend in Indian Rupees. The dividend proposed by Board of Directors is subject to
approval of the shareholders in the ensuing Annual General Meeting.

c) In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive remaining assets of the Company after
distribution of all preferential amounts. The distribution will be in proportion to the number of Equity Share held by Shareholders.

28 Contingent Liabilities and Contingent Assets

The Company does not have any amount acknowledged as debts against claims / disputes / demand or any as contingent liabilities / contingent assets.

29 The Company does not have any specific credit policy and the terms and conditions with parties depends on negotiated terms.

30 The Company does not have any pending litigation which may affect the financial statement and going concern status of the company.

Management has the view, it is pertinent to that as per the Binding Resolution Plan approved by the Honourable NCLT Kolkata, all the pending demands
before the respective tax authorities will become Nil by the virtue of para 1 to 4 of page 44 of the Binding Resolution Plan dated 09.05.2019

31 On the basis of physical verification of assets and cash generation capacity of those assets, in the management perception, there is no impairment of assets
as on 31st March 2026.

32 The Company is mainly engaged in the business of manufacturing of Transformers, Dealing in other Allied Electrical Products and Warehouse Rental Income.
During the year, risks and returns of the enterprise will therefore continue to be associated with business of manufacturing of Transformers. Necessary
segment information with respect to business of Transformers are as follows:

The business segment has been considered as primary segment for reporting segment information.

Information about Geographical segments:

b) The management assessed that the fair values of cash and cash equivalents, trade receivables, trade payables, short term borrowings, and other financial liabilities approximates their
carrying amounts largely due to the short-term maturities of these instruments.

c) For Financial assets and liabilities that are measured at fair value, the carrying amounts are equal to their fair values.

d) The fair value of the financial assets and financial liabilities is included at the amount at which the instruments could be exchanged in a current transaction between willing parties, other
than in a forced or liquidation sale.

e) The following methods and assumptions were used to estimate the fair values:

The fair values for loans, security deposits were calculated based on cash flows discounted using a current lending rate. They are classified as Level 3 fair values in the fair value hierarchy
due to the inclusion of unobservable inputs including counterparty credit risks, which has been assessed to be insignificant.

40 Fair Value Hierarchy

The following are the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognized and measured at fair value and (b) measured at
amortized cost and for which fair value are disclosed in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the company has
classified its financial instruments into the three levels of fair value measurement as prescribed under the Ind AS 113 "Fair Value Measurement". An explanation of each level follows
underneath the tables.

c) During the year ended March 31, 2026 and March 31, 2025, there were no transfers between Level land Level 2 fairvalue measurements, and no transfer into and out of Level 3 fair value
measurements.

d) Explanation to the fair value hierarchy

The Company measures financial instruments, such as, quoted investments at fair value at each reporting date. Fair value is the price that would be received to sell an asset or paid to
transfer a liability in an orderly transaction between market participants at the measurement date. All assets and liabilities for which fair value is measured or disclosed in the financial
statements are categorised within the fair value hierarchy as described in Note No. 3.

41 Financial Risk Management

The Company's activity exposes it to various risk such as market risk, liquidity risk and credit risks. This section explains the risks which the Company is exposed to and how it manages the
risks.

A) Market Risk

Market risk is the risk that changes in market prices, such as foreign exchange risk rates, interest rates and equity prices which will affect the Company's income or the value of its
holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the
return. The Company's main business activity financial consulting has no or limited entry barrier. Entry of Banks and large consulting firms has increased competition.

i) 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 is exposed to
interest rate risk on financial liabilities such as long-term borrowings.

The Company is also exposed to interest rate risk on its financial assets that include fixed deposits.

ii) Price Risk

The Company's exposure to equity securities price risk arises from investments held by the Company and classified in the Balance Sheet as fair value through Profit or Loss. The
majority of the Company's equity investments are publicly traded.

B) Liquidity Risk

The Company determines its liquidity requirements in the short, medium and long term. This is done by drawing up cash forecast for short and medium term requirements The
Company manages its liquidity risk in a manner so as to meet its normal financial obligations without any significant delay or stress. Such risk is managed through ensuring
operational cash flow while at the same time maintaining adequate cash and cash equivalents position. This is generally carried out in accordance with practice and limits set by the
Company

i) Maturity Analysis

The Company's financial liabilities into relevant maturity groupings based on their contractual maturities for all non-derivative financial liabilities and net settled derivative financial
instruments. The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of
discounting is not significant.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and requirement of financial covenants. In order to maintain or adjust
the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital on the basis
of net debt to equity ratio and maturity profile of overall debt portfolio of the Company.

Net debt implies total borrowings of the Company as reduced by Cash and Cash Equivalents and Equity comprises all components attributable to the owners of the Company. The
following table summarises the Net Debt, Equity and Ratio thereof:

43 A sum of Rs. 8.66 lac is payable to Micro Small and Medium Enterprises as at 31st March, 2026 (31st March, 2025- Rs. 1640.87 lacs). There are no Micro, Small and Medium Enterprises, to
whom the Company owes dues, which are outstanding for more than 45 days during the year and also as at 31st March, 2026.

This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on
the basis of information available with the Company.

44 The Company has been sanctioned overdraft facility of Rs. 500.00 lacs on the basis of security of Movable and Immovable Fixed Assets current assets. The Company has not filed stock
statement to the bank as same is not applicable.

45 The Compoany has entered into an agreement with M/s. Rite Sites Services UK Limited, for transfer of technology for Rs. Nil (Previous Year Rs. 15,82,50,000/-) against which income and
provisional expenses has been duly incorporated in the financial statements. (Refer Note No. 19 and 26)

46 Corporate Social Responsibility :

The Company has expended a sum of Rs. 20.00 lacs (Previous Year Rs. Nil) shown under the head of Corporate Social Responsibility (CSR) which is in line with activities
specified in Schedule VII of the Companies Act, 2013.

47 Crypto Currency or Virtual Currency:-

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

v) The Company has no intangible assets under development.

vi) No proceedings have been initiated or pending against the Company under the Benami T ransactions (Prohibition) Act, 1988.

vii) The Company has taken secured loans from from banks or financial institutions.

viii) The Company has not been declared wilful defaulter.

ix) The Company had no transactions with any such company whose name has been struck off.

x) There are no outstanding charges in the name of the Company, registered with RoC.

xi) The Company has a subsidiary company which is located in a foreign country. The Company has not invested in any Associate Company.

xii) The Company is not a party to any Scheme of Arrangement.

xiii) The Company has not borrowed any funds but has received share premium of Rs. Nil (Previous Year Rs. 7,704.00 Lacs) during the year_

50 Previous year figures have been re-classified /re-grouped to confirm the presentation requirements under IND-AS and the requirement laid down in Division-II of the
Schedule-III of the Companies Act, 2013.