27.8 Disclosure under AS-15

A. GRATUITY (UNFUNDED) : Provision is made for gratuity (unfunded) based upon actuarial valuation done at the end of every financial year. Major drivers in actuarial assumptions, typically, are years of service and employee compensation. Commitments are actuarially determined using the 'Projected Unit Credit' method. Gains and losses on changes in actuarial assumptions are accounted for in the Statement of Profit and Loss.

VIII. The estimates of rate of salary increase considered in the actuarial valuation takes into account inflation, seniority, promotion and all other relevant factors including supply and demand in the employment market.

IX. The company operates an unfunded gratuity plan wherein employees are entitled to the benefit as per scheme of the company for each completed year of service. The same is payable on retirement or termination whichever is earlier. The benefit vests only after five years of continuous service.

B. LEAVE ENCASHMENT (UNFUNDED): Provision is made for leave encashment (unfunded) based upon actuarial valuation done at the end of every financial year. Major drivers in actuarial assumptions, typically, are years of service and employee compensation. Commitments are actuarially determined using the 'Projected Unit Credit' method. Gains and losses on changes in actuarial assumptions are accounted for in the Statement of Profit and Loss.

VIII. The estimates of rate of salary increase considered in the actuarial valuation takes into account inflation, seniority, promotion and all other relevant factors including supply and demand in the employment market.

IX. The company operates an unfunded leave encashment plan wherein employees are entitled to the benefit as per scheme of the company. The same is payable on utilization of leave or termination whichever is earlier.

27.9 The Company is exclusively engaged in the business of manufacturing and providing services of Alternate Fuel System Components for CNG and LPG mainly used by the OEM suppliers to auto industries. This in the context of Accounting Standard (AS 17) "Segment Reporting", notified under the Companies (Accounting Standards) Rules, 2006, constitutes one single primary segment. The Company does not have a secondary segment. Accordingly, disclosures required under AS 17 are not applicable.

Reasons for variation of more than 25%:

a. Debt Service coverage Ratio: During the year there has been a fresh increase in working capital limit

of the company as compared to the previous year which has results in increase in debt service coverage ratio.

b. Net Profit Ratio: That the Change in royalty Prices and reduction in Production cost has increased the

Net Profit of the company in comparison to the last financial year i.e F.Y .2022-23.

c. Trade Receivable Turnover Ratio:- Increase in Trade Receivable During the F.Y .2023-24 has

resulted in decrease in Trade receivable turnover ratio during the F.Y. 2023-24 as compared to the ratio in F.Y. 2022-23

27.12 Previous year's figures have been regrouped and rearranged wherever found necessary to make them comparable with the current year figures.