H. Provisions and Contingencies:

The Company recognizes provisions when a present
obligation (legal or constructive) as a result of a past
event exists and it is probable that an outflow of resources
embodying economic benefits will be required to settle
such obligation and the amount of such obligation can
be reliably estimated.

A disclosure for a contingent liability is made when
there is a possible obligation that arises from past events
whose existence will be confirmed by the occurrence
or non-occurrence of one or more uncertain future
events beyond the control of the Company or a present
obligation that may, but will probably not, require an
outflow of resources.

Contingent assets are not recognized in the standalone
financial statement; however, they are disclosed where
the inflow of economic benefits is probable. When the
realization of income is virtually certain, then the related
asset is no longer a contingent asset and is recognized as
an asset.

Provisions and contingencies are reviewed at each

balance sheet date and adjusted to reflect the correct
management estimates.

I. Trade receivable

Trade receivables are carried at original invoice amount
less any expected credit loss, if any. Provisions are
made where there is evidence of a risk of non-payment,
taking into account ageing, previous experience and
general economic conditions. When a trade receivable
is determined to be uncollectable it is written off, firstly
against any provision available and then to the Statement
of Profit and Loss.

J. Employee benefits

Employee benefits include salaries, wages, contribution
to provident fund, gratuity, leave encashment towards
un-availed leave, and other compensated absences.

Long Term Employment Benefits
Gratuity

The Company have defined gratuity plan. The Company
has obtained actuarial valuation for creating a provision
towards Gratuity obligations that may arise in the years
to come and accordingly the amount towards Gratuity as
per the report of actuarial valuation is provided for. The
service cost and the net interest cost are charged to the
Statement of Profit and Loss. Actuarial gains and losses
arise due to difference in the actual experience and the
assumed parameters and also due to changes in the
assumptions used for valuation. The Company recognizes
these re-measurements in the Other Comprehensive
Income (OCI).

Leave liability

The Company has a policy to allow accumulation of leave
by employees up to certain period. Accumulated leave
liability as at the yearend is provided as per actuarial
valuation. The cost of providing benefits under the
defined benefit plan is determined using the projected
unit credit method. Actuarial gains and losses arise due
to differences in the actual experience and the assumed
parameters and also due to changes in the assumptions
used for valuation. The Company recognizes these
actuarial gains and losses in the statement of Profit and
Loss, as income or expense.

Defined Contribution Plan:

The Company's contribution to defined contribution plan
paid/payable for the year is charged to the Statement of
Profit and Loss.

Short Term Employment Benefits

Short term benefits payable before twelve months after
the end of the reporting period in which the employees
have rendered service are accounted as expense in
statement of profit and loss.

K. Earnings Per Share

Basic earnings per share is calculated by dividing the
net profit or loss for the period attributable to equity
shareholders for the period by the weighted average
number of equity shares outstanding during the period.

Diluted EPS is computed by dividing the net profit
attributable to the equity shareholders for the period by
the weighted average number of equity and equivalent
diluted equity shares outstanding during the period,
except where the results would be anti- dilutive. Diluted
EPS is computed using the weighted average number of
equity and dilutive equity equivalent shares outstanding
during the period-end, except where the results would
be anti-dilutive.

L. Leases

The Company applies Ind AS 116 Leases for all lease
contracts, effective from the date of initial application.
This policy details the recognition, measurement, and
presentation principles for the Company as a lessee.

Company as a Lessee

1. Recognition and Initial Measurement

The Company recognises a Right-of-Use (ROU)
asset and a corresponding Lease Liability at the
commencement date of the lease, unless the lease
qualifies for the short-term or low-value recognition
exemptions.

ROU assets are initially measured at cost, which
comprises:

• The amount of the initial measurement of the
lease liability.

• Any lease payments made at or before the
commencement date, less any lease incentives
received.

• Any initial direct costs incurred by the lessee.

• An estimate of costs to be incurred by the
lessee in dismantling and removing the
underlying asset or restoring the site, only
when the Company has an obligation to do so.

The lease liability is initially measured at the present
value of the lease payments that are not paid at

the commencement date. The lease payments are
discounted using the interest rate implicit in the
lease. If that rate cannot be readily determined, the
Company's incremental borrowing rate is used.

Lease payments included in the measurement of
the lease liability comprise the following, to the
extent they are fixed or depend on an index or a
rate:

• Fixed payments (including in-substance fixed
payments).

• Variable lease payments that depend on an
index or a rate.

• The exercise price of a purchase option if the
Company is reasonably certain to exercise that
option.

• Payments of penalties for terminating the
lease, if the lease term reflects the Company
exercising an option to terminate the lease.

2. Subsequent Measurement

Right of use assets are subsequently measured
at cost less accumulated depreciation and any
accumulated impairment losses. ROU assets are
depreciated using the straight-line method from
the commencement date to the earlier of:

• The end of the useful life of the ROU asset (if
ownership transfers by the end of the lease
term).

• The end of the lease term.

The Company applies Ind AS 36 'Impairment of
Assets' to determine whether an ROU asset is
impaired and to account for any impairment loss
identified.

Lease Liabilities

The lease liability is subsequently measured by:

• Increasing the carrying amount to reflect
interest on the lease liability (recognised as
finance costs in the Statement of Profit and
Loss).

• Reducing the carrying amount to reflect the
lease payments made.

The lease liability is re-measured when there is
a change in future lease payments arising from
a change in an index or rate, a change in the
Company's assessment of whether it will exercise

a purchase, extension, or termination option, or a
change in the expected payments under a residual
value guarantee.

3. Lease Term

The lease term is defined as the non-cancellable
period of a lease, together with both:

• Periods covered by an option to extend the
lease if the Company is reasonably certain to
exercise that option.

• Periods covered by an option to terminate the
lease if the Company is reasonably certain not
to exercise that option.

4. Short-Term Leases and Leases of Low-Value
Assets (Recognition Exemptions)

The Company has elected not to recognise ROU
assets and lease liabilities for:

• Short-Term Leases: Leases with a lease term of
12 months or less from the commencement
date, which do not contain a purchase option.

• Leases of Low-Value Assets: Leases where
the underlying asset has a low value (e.g.,
computers/printers, small items of office
furniture).

Payments associated with these exempted leases
are recognised as an expense on a straight-line basis
over the lease term in the Statement of Profit and
Loss.

M. Foreign currency transactions:

Transactions in foreign currencies are initially recorded
by the Company at the rate of exchange prevailing on
the date of the transaction, unless it is impracticable to
apply it, then average rate is used. Monetary assets and
monetary liabilities denominated in foreign currencies
remaining unsettled at the end of the year are converted
at the exchange rate prevailing on the reporting date.
Non-monetary assets and liabilities that are measured
at fair value in a foreign currency are translated into the
functional currency at the exchange rate when the fair
value was determined. Non-monetary items that are
measured based on historical cost in a foreign currency
are not translated.

Differences arising on settlement or conversion of
monetary items are recognised in Statement of Profit
or Loss. Foreign exchange differences regarded as an
adjustment to borrowing costs, as the case may be, are
presented in the Statement of Profit and Loss, within

finance costs. All other foreign exchange gains and losses
are presented in the Statement of Profit and Loss on a net
basis within other gains/(losses).

N. Borrowing costs:

Borrowing costs that are directly attributable to the
acquisition or construction of an asset that necessarily
takes a substantial period of time to get ready for its
intended use are capitalized as part of the cost of that
asset till the date it is ready for its intended use or sale.
Other borrowing costs are recognized as an expense in
the period in which they are incurred.

O. Derivative financial instruments:

The Company holds derivative financial instruments for
foreign currency risk exposures. Derivatives are initially
measured at fair value. Subsequent to initial recognition,
derivatives are measured at fair value, and changes
therein are generally recognized in profit or loss.

P. Dividends:

Final dividend on shares is recorded as a liability on
the date of approval by the shareholders and Interim
dividends are recorded as a liability on the date of
declaration by the Company's Board of Directors.

Q. Equity Settled Employee Stock Option Plan:

The Company accounts for employee stock options in
accordance with Ind AS 102 - Share-based Payment.

Equity-settled share-based payments to employees
are measured at the fair value of the stock options at
the grant date. The fair value determined at grant date
is recognized as an employee benefits expense, with a
corresponding increase in equity, over the vesting period
on a straight-line basis based on the number of options
expected to vest.

The fair value of stock options granted is determined
using the Black-Scholes option pricing model,

considering factors such as exercise price, expected life of
the option, current market price of the underlying share,
expected volatility, expected dividend yield and risk-free
interest rate.

At each reporting date, the Company revises its estimates
of the number of options expected to vest based on
vesting conditions and recognizes the impact of such
revision in the Statement of Profit and Loss, with a
corresponding adjustment to equity.

In case of forfeiture or cancellation of unvested
options, the expense previously recognized is reversed.
Options which lapse after vesting are transferred within
equity. Where the terms of the options are modified,
any incremental fair value arising on account of such
modification is recognized over the revised vesting
period.

R. Investments in subsidiaries and Joint Venture:

The Company has elected to recognize its investments
in subsidiary and Joint Venture companies at cost in
accordance with the option available in Ind AS 27,
Separate Financial Statements.

S. Ind AS 101: First time adoption of Ind AS:

The Company's standalone financial statements for the
year ended March 31, 2026, are prepared in accordance
with Indian Accounting Standards (Ind AS) notified under
Section 133 of the Companies Act, 2013. The Company
adopted Ind AS from April 1,2025, with a transition date
of April 1, 2024. Accordingly, an opening Ind AS Balance
Sheet was prepared as at the date of transition (April
1, 2024) by applying the requirements of Ind AS 101,
'First-time Adoption of Indian Accounting Standards.' In
line with the standard, the Company has, in principle,
applied all Ind AS principles retrospectively to all periods
presented, adjusting the opening balances of assets,
liabilities, and equity as at April 1, 2024, with resulting
changes recognised directly in Retained Earnings (or
other appropriate component of equity), as the case may
be.

T. Recent accounting pronouncements

Ministry of Corporate Affairs ("MCA") notifies new
amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time
to time. For the year ended March 31, 2026, MCA has
notified amendments to Ind AS 21 - The Effects of Changes
in Foreign Exchange Rates, Ind AS 1 - Presentation of
Financial Statements, Ind AS 7 - Statement of Cash Flows,
Ind AS 107 - Financial Instruments: Disclosures and Ind AS
12, International Tax Reform - Pillar Two Model Rules. The
company has reviewed the new pronouncements and
based on its evaluation given necessary impact of any
(including additional disclosures) as applicable.

Terms & Rights attached to each class of shares;

(a) The Company has only one class of equity shares having par value of D5 per share. Each holder of equity shares is
entitled to one vote per share. Any dividened declared by the company shall be paid to each holder of Equity Shares in
proportion to the numer of shares held to total equity shares outstanding as on date.

(b) In the event of the 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 shares held by the shareholders.

Nature and purpose of each Reserve

(i) Retained Earnings

Retained earnings are the profits/(loss) that the company has earned/incurred till date, less any transfers to general
reserve, dividends or other distributions paid to shareholders. Retained earnings include re-measurement (loss) / gain
on defined benefit plans, net of taxes that will not be reclassified to Statement of Profit and Loss.

(ii) Securities premium

Securities premium is used to recognised the premium received on the issue of shares. It is utilised in accordance with
the provisions of the Companies Act 2013.

(iii) Share Based Payment Reserve

The fair value of the equity-settled share-based payment transactions with employees is recognised in Statement of
Profit and Loss with corresponding credit to share-based payment reserve.

20.1 The Bank Facilities of Working Capital such as Cash Credit, Working Capital Demand Loan, Letters of Credit and Bank
Guarantee are obtained from Axis Bank and are secured by hypothecation of Company's entire current assets incl. Stocks of
Raw Materials, Semi-Finished and Finished Goods, Consumable Stores and Spares, Book Debts as a primary security as well as
collateral Security to these limits is EM/RM on industrial property at 84-A/1 & B/1, PO, Khakharia, Taluka Savli, Vadodara. Rate
of Interest therein is Repo Rate 2.00 %.

20.2 Please refer to note no. 17 for details of Details of Security, Rate of Interest, EMI (Amount & Nos.) with respect to long term
Borrowing.

34 EARNINGS PER SHARE (EPS)

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

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the Company by the weighted
average number of dilutive potential equity instruments/shares outstanding during the year.

Weighted average number of equity shares is the number of equity shares outstanding at the beginning of the year adjusted
by the number of equity shares issued during the year multiplied by the time weighting factor. The time weighting factor is
the number of days for which the specific shares are outstanding as a proportion of total number of days during the year.

35 DISCLOSURE AS REQUIRED UNDER IND AS 19 - EMPLOYEE BENEFITS

[A] Defined contribution plans:

The Company makes contributions towards provident fund to defined contribution retirement benefit plan for
qualifying employees. The provident fund contributions are made to Government administered Employees Provident
Fund. Both the employees and the Company make monthly contributions to the Provident Fund Plan equal to a specified
percentage of the covered employee's salary.

The company recognised D61.49 Lakhs (P.Y : D48.36 Lakhs ) for provident fund and other fund's contributions in the
Statement of Profit and Loss.

[B] Defined benefit plan:

The Company has defined benefit Gratuity plan. The Company has availed the services of acturial valuation for creating
a provision towards Gratuity and accordingly the amount towards Gratuity is provided for as per the actuarial valution
report. The company has also created a plan asset by making contribution towards Gratuity Fund maintained with Life
Insurance Corporation of India to the tune of (Till 31st March 2026) D94,52,395/- & (Till 31st March 2025) D12,78,798/-
which has been shown as a deduction form the Present Value of Gratuity Obligations as per the Actuarial Valuation
Report. [Note: All figures mentioned here is in aboslute terms].

The following table sets out the status of the gratuity plan and the amounts recognised in the Company's financial
statements:

35.1 Impace of Labour Codes:

On November 21,2025, the Government of India notified 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—thereby consolidating 29 existing labour laws. The Ministry of Labour and Employment has also issued draft
Central Rules and Frequently Asked Questions (FAQs) to facilitate assessment of the financial implications arising from these
regulatory changes.

Based on the best information currently available and in line with the guidance issued by the Institute of Chartered
Accountants of India (ICAI), the company has evaluated and disclosed the incremental financial impact of these changes.
Accordingly, an incremental provision towards gratuity & compensated absences amounting to D13.31 Lakhs & D1.92 Lakhs
respectively has been recognised in the financial results, consequent to these changes.

The company continues to closely monitor the finalisation of Central and State Rules, as well as further clarifications from
the Government on various aspects of the Labour Codes, and will account for any additional impact as and when such
developments arise.

36 RELATED PARTY DISCLOSURES

a) Name of the related party and nature of relationship: -

As per Ind AS 24, the disclosures of transactions with the related parties are given below:

(i) As per related parties where control exists and related parties with whom transactions have taken place and
relationships.

NOTE :

(i) All Related Party Transactions entered during the year were in ordinary course of the business and on arm's length
basis. Outstanding balances at the year-end are unsecured.

(ii) Related Parties are identified by the company and relied by the Auditors

(iii) In connection with the Initial Public Offering (IPO) of equity shares of the Company, the issue comprised of both
a fresh issue of shares by the Company and an Offer for Sale (OFS) by promoter of the Company - Mr. Keyur
Shah.

Apportionment of Expenses:

The total IPO expenses have been allocated between the Company and the promoter in proportion to the respective
gross proceeds raised through the fresh issue and the offer for sale except where separate bifurcation is available.
Accordingly, the Company has recognized only its proportionate share of IPO-related expenses (i.e., 916.63 Lakhs) in

38 DISCLOSURE PURSUANT TO LEASES
As Lessee:

Long Term Operating Lease

The Company's lease arrangements primarily relate to office premises used in the normal course of business. In accordance
with Ind AS 116, the Company recognises right-of-use (ROU) assets and corresponding lease liabilities at the present value
of future lease payments. ROU assets are initially measured at cost, comprising the lease liability, adjusted for the difference
between the nominal value and the fair value (present value) of security deposits given, which is treated as a prepaid lease
payment [a part of ROU assets], while the discounted amount of the security deposit is recognised separately as a financial
asset. ROU assets are depreciated over the lease term, and lease liabilities are subsequently measured using the effective
interest method, with interest recognised as finance cost.

Short Term Operating Lease

The Company has taken printers on lease, classified as very low-value assets under Ind AS 116. Lease payments are recognised
as an expense in the Statement of Profit and Loss on a straight-line basis, and no right-of-use assets or lease liabilities are
recognised.

39 DISCLOSURE RELATED TO MICRO AND SMALL ENTERPRISES

On the basis of confirmation obtained from the supplier who have registered themselves under the Micro, Small and Medium
Enterprises Development Act, 2006 (MSMED Act, 2006) and based on the information available with the company, the
following are the details:

Note 1: Dues to Micro and Small Enterprises have been determined to the extent such parties have been identified on the
basis of information collected by the management. This has been relied upon by the auditors.

Note 2: The company deals with the various micro and small enterprises on mutually accpeted terms and conditions.
Accordingly no interest is payable if the terms are adhered to by the company. Accordingly no interest has been
paid or is due and no provision for the interest payable to such units is required or has been made under the Micro,
Small & Medium Enterprises Developement Act, 2006.

Nature of CSR Activities

41.1 The Company has spent a sum of D40.54 Lacs through expenditure incurred for Promoting Health Care and Education,
Ensuring Environmental Sustainability, Welfare of Police Personnel, incl. contributions made to Registered Trusts inter-alia
involved in activities specified in Schedule VII of the Companies Act, 2013.

41.2 The Company has spent a sum of D31.13 Lacs through expenditure incurred for Promoting Health Care and Education,
Ensuring Environmental Sustainability, incl. contributions made to Registered Trusts inter-alia involved in activities specified
in Schedule VII of the Companies Act, 2013.

43 EXPENDITURE ON FORMULATION AND DEVELOPMENT (R&D)

The company carries on in-house Research & Development (R&D) for development of new product range as well as upgradation
/ increasing efficiency of existing product range. The company has also obtained approval of its R&D Unit(s) from Department
of Scientific and Industrial Research (DSIR). Expenses directly attributable to R&D activity have been presented under the
head "R&D Expenses" under Note 32 Other Expenses to the extent identifiable. The Company would also have incurred other
costs in terms of portions of common expenditures and overheads toward the aforesaid Research & Development activities
during the year ended. However, the same have not been separately segregated.

(i) Fair value hierarchy

This section explains the judgements and estimates made in determining the fair values of the financial instruments
that are (a) recognized and measured at fair value. 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 as prescribed under the
accounting standard. An explanation of each level follows underneath the table.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation
techniques which maximise the use of observable market data and rely as little as possible on entity-specific
estimates. 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 the significant inputs is not based on observable market data, the instrument is included in
level 3.

There are no transfers between levels 1 and 2 during the year, if any.

The Company's policy is to recognise transfers into and transfers out of fair value hierarchy levels at the end of the
reporting period.

(ii) Valuation technique used to determine fair value

Specific valuation techniques used to value financial instruments include:

- the use of quoted market prices or dealer quotes for similar instruments

- the fair value of the remaining financial instruments is determined using discounted analysis(if any).

46 FINANCIAL RISK MANAGEMENT

The Company's Board of Directors has overall responsibility for the establishment and oversight of the Company's risk
management framework.

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. Risk management policies and systems are reviewed regularly to
reflect changes in market conditions and the Company's activities.

(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, loans and investments, if any.
Credit risk is managed through continuous monitoring of receivables and follow up for overdues, if any.

(i) Investments

The Company limits its exposure to credit risk by generally investing in liquid securities and only with counterparties that
have a good credit rating. The Company does not expect any losses from non-performance by these counter parties, and
does not have any significant concentration of exposures to specific industry sector or specific country risks.

(ii) Trade Receivables

The Company has used Expected Credit Loss (ECL) model for assessing the impairment loss. For the purpose, the Company
uses a provision matrix to compute the expected credit loss amount. The provision matrix takes into account external and
internal risk factors and historical data to credit losses from various customers.

(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 responsibility for liquidity risk management rests
with the board of directors, which has established an appropriate liquidity risk management framework for the management
of the Company's short-term, medium-term and long-term funding and liquidity management requirements. The Company
manages 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.

(C) Market risk

(i) Foreign Currency Risk

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices
- 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 foreign exchange risk arises from its foreign currency revenues and expenses. The Company uses
foreign exchange forward contracts, to mitigate the risk of changes in foreign currency exchange rates in respect of its
business transactions and recognized assets and liabilities as the case may be.

For the purpose of the company's capital management, equity includes equity share capital and all other equity reserves
attributable to the equity holders of the Company. The Company manages its capital to optimise returns to the shareholders
and makes adjustments to it in light of changes in economic conditions or its business requirements. The Company's objectives
are to safeguard continuity, maintain a strong credit rating and healthy capital ratios in order to support its business and
provide adequate return to shareholders through continuing growth and maximise the shareholders value. The Company
funds its operation through internal accruals and through internal and external borrowings. The management and Board of
Directors monitor the return on capital as well as the level of dividends to shareholders.

48 Share-based payments

(a) The share-based payment plan is an employee stock option plan. The options are equity settled options.

The Board of Directors of the Company, at its meeting held on 09 January 2025, considered & approved the "Yash
Highvoltage Employee Stock Option Scheme - 2025" (ESOS-2025). Subsequently the shareholders of the company, by
postal ballot approved the scheme on 07 March 2025 for the 11,42,000 stock options to be offered to the employees
of the company. In this regard, the company has also received the In-principal approval from the BSE Limited vide their
letter dated 07 April 2025 for the said scheme.

49 EXCEPTIONAL ITEM

The Company had placed orders for raw materials/input material for production of transformer bushings with a regular
vendor based in China, pursuant to which an email purportedly from the exporter seeking a change in bank account details
was received; the Company obtained supporting mandate and banker confirmation and, considering the long-standing
relationship and documentary confirmations, processed the payment to the revised account, following which partial
shipment of materials was received on 31 March 2026, and the fraud subsequently came to light when the supplier reported
non-receipt of funds.

Accordingly, the Company has identified this as a cyber fraud incident involving impersonation, resulting in a total exposure
of D2.10 crore, comprising D1.36 crore relating to material received and D73.90 lakhs towards non-receipt of goods; the
Company confirms that no involvement of any of its officers or employees has been identified and the incident is attributable
to unknown external parties, and the matter was promptly reported to BSE on 31 March 2026 with a subsequent update on
10 April 2026; the Company has lodged complaints with the National Cyber Crime Reporting Portal & also with the office of
Hon'ble Police Commissioner dated 9th April 2026. Moreover, the company is actively pursuing recovery through banking
channels, while concurrently strengthening its existing controls, verification procedures, and due diligence framework to
mitigate such risks going forward.

50 The Company is primarily engaged in the business of manufacturing of high end transformer bushings, which in the context
of IND AS 108 on Segment Reporting on "Segment Reporting" constitutes a single reportable segment. The analysis of
geographical segments is based on the areas in which operations are carry out is provided below:

52 OTHER DISCLOSURES AS REQUIRED AS PER SCHEDULE III OF THE COMPANIES ACT, 2013

(i) The Company do not have any Benami property, where any proceeding has been initiated or pending against The
Company for holding any Benami property.

(ii) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory
period.

(iii) The Company have not traded or invested in Crypto currency or Virtual Currency during the year.

(iv) 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: 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.

(v) The Company have not received any fund from any person(s) 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 Beneficiaries) or

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

vi) The Company do not have any such transaction which is not recorded in the books of accounts and that 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)

vii) The company holds all the title deeds of immovable property in its name.

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

ix) There is no Scheme of Arrangement approved by the Competent Authority in terms of sections 230 to 237 of the
Companies Act, 2013.

x) There are no relation with any struck off companies during the year.

54 AUDIT TRAIL

The Company has used accounting software for maintaining its books of account which have a feature of recording audit
trail(edit log) facility that have operated throughout the financial year for all relevant transactions.

55 UTILISATION OF FUND

Pursuant to Schedule III to the Companies Act, 2013, as amended, read with Rule 11(e) of the Companies (Audit and Auditors)
Rules, 2014, the management of the Company states that:

(a) No funds (which are material either individually or in the aggregate) have been advanced, loaned or invested (whether
from borrowed funds, share premium or any other sources or kind of funds) by the Company to or in any person(s)
or entity(ies), including foreign entities ("Intermediaries"), with the understanding (whether recorded in writing or
otherwise) that such Intermediaries shall, whether 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.

(b) No funds (which are material either individually or in the aggregate) 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, whether directly or indirectly, lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the Funding Parties ("Ultimate Beneficiaries") or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(c) The Company confirms that no such arrangements exist as at the reporting date.

56 The Previous Year's figures haven been regrouped/reclassified, where necessary to confirm to current year's classification.

57 The financial statements has been prepared in absolute numbers and then converted into lakhs to meet the presentation
requirement as per Companies Act, 2013 accordingly the variance on account of decimals rounding-off may exist.

58 The Standalone financial statement were authorized for issue in accordance with a resolution passed by the Board of Directors
on 13th May,2026. The Standalone financial statements as approved by the Board of Directors are subject to final approvals
by its shareholders.