2.8 Provisions, contingent liabilities

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of
past events and it is probable that there will be an outflow of resources. Contingent liabilities, if material, are disclosed by way of
notes.

2.9 Recognition of Income and Expenditure

Items of income and expenditure have been generally recorded on accrual basis.

2.10 Tax Expense

Tax expense comprises current tax and deferred tax at the applicable enacted or substantively enacted rates. The provision for current
Income Tax is made on the basis of estimated taxable income computed after considering tax allowances/deductions in accordance
with the provisions of The Income Tax Act, 1961.

Deferred tax is recognized subject to consideration of prudence on timing difference; being a difference between taxable income and
accounting income that originates in one period and is capable of reversal in one or more subsequent periods.

2.11 Cash flow statement

Cash flows are reported using the indirect method, whereby profit/(loss) before extraordinary items and tax is adjusted for the effects
of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts and payments. The cash flows from
operating, investing and financing activities of the company are segregated based on the available information.

2.12 Foreign exchange transactions

Foreign currency transactions related to purchase and sales are recorded at the exchange rates prevailing under Customs Act on the
date of the transactions. Gains and losses arising out of subsequent fluctuations are accounted for on actual payments or realisations
as the case may be. Monetary assets and liabilities denominated in foreign currency as on Balance Sheet date are translated into
functional currency at the exchange rates prevailing on that date and exchange differences arising out of such conversion are
recognised in the statement of profit and loss. Other foreign currency transactions are recorded at prevailing RBI rates.

2.13 Cash and cash equivalent

Cash and cash equivalent in the Balance Sheet comprise of cash at banks and cash on hand and short-term deposits with an original
maturity of three months or less, which are subject to insignificant risk of change in value.

2.14 Investments

Investments are classified as long term investments and current investments. The carrying amount for current investments is the lower
of cost and fair value. For current investments, any reduction to fair value and any reversals of such reductions are included in the
profit and loss statement. Long-term investments are usually carried at cost. Any decline, other than temporary, in the value of a long
term investment, the carrying amount is reduced to recognise the decline. On disposal of an investment, the difference between the
carrying amount and the disposal proceeds, net of expenses, is recognised in the profit and loss statement.

2.15 Borrowing Costs

Borrowing costs include interest, amortisation of ancillary costs incurred and exchange differences arising from foreign currency
borrowings to the extent they are regarded as an adjustment to the interest cost. Costs in connection with the borrowing of funds to the
extent not directly related to the acquisition of qualifying assets are charged to the statement of profit and loss over the tenure of the
loan. Borrowing costs, allocated to and utilised for qualifying assets, pertaining to the period from commencement of activities
relating to construction/development of the qualifying asset upto the date of capitalisation of such asset are added to the cost of the
assets. Capitalisation of borrowing costs is suspended and charged to the statement of profit and loss during extended periods when
active development activity on the qualifying assets is interrupted.

2.16 Earning per Share

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

For the purpose of calculating diluted earnings per share, net profit after tax during the year and the weighted average number of
shares outstanding during the year are adjusted for the effect of all dilutive potential equity shares.

2.17 Impairment of Assets

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment loss is charged to the
Profit and Loss Account in the year in which an asset is identified as impaired. The impairment loss recognised in prior accounting
period is reversed if there has been a change in the estimate of recoverable amount.

Notes:

1. The Authorised Share Capital of the Company was increased from 40,00,000 Equity Shares of Rs 10/- each to 50,00,000 Equity Shares of 10/- each vide resolution passed in Extra¬
ordinary General Meeting (EGM) dated March 05th, 2024.

2. The Authorised Share Capital of the Company was increased from 50,00,000 Equity Shares of Rs 10/- each to 1,40,00,000 Equity Shares of 10/- each vide resolution passed in Extra¬
ordinary General Meeting (EGM) dated July 26th, 2024.

3. The Company has issued 2,51,086 fully-paid-up equity shares of face value 10 each at a premium of Rs. 20.03 each during the year ended March 31, 2024 proposal approved by the
shareholders. The record date fixed by the Board of Directors was March 9th, 2024.

4. The Company has issued 3,03,753 fully-paid-up equity shares of face value 10 each at a premium of Rs. 149.31 on April 27th, 2024. Proper resolution and valuation reports has been
obtained for the same.

5. The Company has issued 2,21,817 fully-paid-up equity shares of face value 10 each at a premium of Rs. 149.31 on June 22nd, 2024. Proper resolution and valuation reports has been
obtained for the same.

6. During the year, the company has issued bonus share to existing shareholders on 16th August, 2024 in the ratio of 1:1 without any consideration, resulting in the company has issued
47,62,656 equity shares having face value of Rs.10/- as bonus shares without consideration. Proper resolutions have been passed for the same in Board meeting and EGM held on July 20th,
2024 and July 26th, 2024 respectively.

a. Car loans from Mercedes Benz Financial Services, BMW Financial Services, Indian bank and HDFC bank are secured against the hypothecation of respective cars.

b. Loan from HDFC bank with LAN 800284832 and loan from Aditya birla finance are pledged against the personal property of the directors - Rohit Chowdhary & Deven Chowdhary.

c. Loans from SIDBI are in charge by way of hypothication of plant, machinery, equipment, tools, spares and accessories.

d. Overdraft Limit from HDFC bank is secured against the properties held in the company and the personal property of the directors - Rohit Chowdhary & Deven Chowdhary.

e. Loan from ICICI,IDFC, Kisetsu Saison, Shri ram finance, Bajaj finance, L&T finance and Ugro Capital Ltd. are all unsecured loans.

f. Loan from HDFC bank with LAN 801366573 has been advanced for purchase of property - G-98, UPSIDC, Site V, Industrial Area, Surajpur kasna Road, Greater Noida. The Loan has
been is secured against the properties held in the company and the personal property of the directors - Rohit Chowdhary & Deven Chowdhary.

1. The Ageing Schedule is compiled on the FIFO assumption.

2. There are no unbilled” and “Not due” trade receivables, hence the same are not disclosed in the ageing schedule.

3. Except as disclosed in Note 37, there are no debts due by Directors or other officers of the company or any of them either severally or jointly with any other person or debts due by
firms or private companies respectively in which any director is a partner or a director or a member.

NOTE-33 SEGMENT REPORTING

The company has mainly one segment of manufacturing meters, hence there is no requirement of segment reporting in accordance with AS-17, "Segment Reporting” (specified under the section 133
of the Companies Act 2013 (the Act) read with Companies (Accounting Standards) Rule 2015 (as amended from time to time) and other relevant provision of the Act).

NOTE-34 GOING CONCERN ANALYSIS

As on March 31,2025, the Company has reviewed the future earning of all its cash generating units. The management has certified that as the carrying amount of assets does not exceed the future
recoverable amount, consequently, no impairment loss is recognized during the year.

NOTE-35 EMPLOYEE BENEFITS (AS-15)

In accordance with the Employee’s Provident Fund and Miscellaneous Provisions Act, 1952, eligible employees of the Company are entitled to receive benefits in respect of provident fund, a
defined contribution plan, in which both employees and the Company make monthly contributions at a specified percentage of the covered employees’ salary. The contributions, as specified under
the law, are made to the employee provident fund organization (EPFO). As per the Accounting standard on “Employee Benefits” (AS-15) (Revised 2005) issued by The Institute of Chartered
Accountants of India, the company has contributed to various employee benefits as under:-

Note:- The principle amount due mentioned above pertains to parties, amount of which has been outstanding for a period of more than 45 days as per MSMED Act.The current dues to MSME
vendors are disputed on account of sub-standard material supplies, variance in order quantity and other such matters. Ihe Company contemplates that the amount due will not stand as
payable in due course of time and hence provision for interest as per MSMED Act has not been accounted for.

NOTE-40 DETAILS OF IMMOVABLE PROPERTY

The title deeds of the immovable properties disclosed in the financial statements are held in the name of the company.

NOTE-41 REVALUATION OF PROPERTY, PLANT AND EQUIPEMENT

The company has not revalued any of its Property, Plant and Equipment, hence no disclosure is required

NOTE-42 DETAILS OF BENAMI PROPERTY HELD

No proceeding has 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.

NOTE-43 RECONCILLATION OF QUATERLY RETURNS OR STATEMENTS OF CURRENT ASSETS FILED WITH BANKS OR FINANCIAL INSTITUTIONS

Quaterly returns or statements filed by the Company for working capital limits with banks and financial institutions are in agreement with the books of accounts of the
Company, except the following details of the differences which were noted between the amount as per books of account for respective quarters:-

NOTE-45 ADDITIONAL REGULATORY INFORMATION

(i) The Company has not been categorized as a wilful defaulter by any bank or financial institution during the year.

(ii) The Company has no transaction with companies struck off under section 248 of the Act, or under section 560 of the companies Act, 1956.

(iii) There is no charge or satisfaction yet to be registered with ROC beyond statutory period.

(iv) There are no layer of companies, hence no disclosures are required.

(v) There is no scheme of arrangement approved in terms of section 230 to 237 of Companies Act, 2013.

(vi) The company has neither advanced any fund to intermediaries nor has received any fund with the understanding that intermediary or company shall directly or indirectly
lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company/funding agency or provide any guarantee thereof.

(vii) The Company does not have any transaction 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.

(viii) The company has not traded or invested or dealt in Crypto currency or Virtual currency during the financial year.

(ix) The company has not advanced or loaned or invested funds to any other perscn(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the
intermediary shall:

a. 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

b. Provide any guarantee, security or the like to or on behalf of the Ultimate beneficiaries

(x) The company has not received from any person(s) or entity(ies), including (funding party) with the understanding (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 company (Ultimate beneficiaries) or

b. Provide any guarantee, security or the like to or on behalf of the Ultimate beneficiaries

NOTE-46 The figures for the corresponding previous year have been reclassified/regrouped wherever necessary, to make them comparable.

As per our report of even date attached

For Abhay Sharma and Company For and on behalf of the board of directors of

Chartered Accountants EPPELTONE ENGINEERS LIMITED

FRN No. 018749C CIN No. U31909DL2002PLC117025

SD/- SD/- SD/-

CA Abhay Sharma Rohit Chowdhary Deven Chowdhary

Partner Managing Director Whole Time Director

M.No. 533160 DIN No. 01995105 DIN No. 09198677

Place: Bikaner Place: Delhi Place: Delhi

Date: 14/05/2025 Date: 14/05/2025 Date: 14/05/2025

SD/- SD/-

Rishab Nagpal Megha Sharma

Chief Financial Officer Company Secretary

M. No. A56209

Place: Delhi Place: Jaipur |

Date: 14/05/2025 Date: 14/05/2025