M. Contingent Liability:

Contingent Liabilities are disclosed in respect of possible obligations that arise from past events but their
existence will be confirmed by the occurrence or non occurrence of one or more uncertain future events
not wholly within the control of the Company or where any present obligation cannot be measured in terms
of future outflow of resources or where a reliable estimate of the obligation cannot be made.

N. Provisions:

A provision is recognized when the Company has a present obligation (legal or constructive) as a result of
past event, it is probable that an outflow of resources embodying economic benefits will be required to
settle the obligation and a reliable estimate can be made of the amount of 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 using a current pre-tax rate
that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in
the provision due to the passage of time is recognized as a finance cost.

O. Investment in Subsidiaries:

The Company has elected to measure investment in subsidiaries at cost. On the date of transition, the
carrying amount has been considered as deemed cost.

P. Leases:

Leases are classified as finance leases whenever the terms of the lease, transfers substantially all the risks
and rewards of ownership to the lessee.

Leased assets: Assets held under finance leases are initially recognized as assets of the Company at their
fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

A leased asset is depreciated over the useful life of the asset. However, if there is no reasonable certainty
that the Company will obtain ownership by the end of the lease term, the asset is depreciated over the
shorter of the estimated useful life of the asset and the lease term.

Since the monthly lease payments for such leases are not material, the management has decided to apply
the recognition exemption as per Para 5(b) of IND AS 116, wherein the entity need not apply the
requirements for which, the recognition and measurement of lease liability for which the underlying asset is
of low value.

Q. Revenue recognition:

Revenue from contracts with customers is recognized on transfer of control of promised goods or services
to a customer at an amount that reflects the consideration to which the Company is expected to be entitled
to in exchange for those goods or services.

Revenue towards satisfaction of a performance obligation is measured at the amount of transaction price
allocated to that performance obligation. The transaction price of goods sold and services rendered is net
of variable consideration on account of various discounts and schemes offered by the Company as part of
the contract.

Revenue is recognized only to the extent that it is highly probable that the amount will not be subject to
significant reversal when uncertainty relating to its recognition is resolved.

Sale of products:

Revenue from sale of products is recognized when the control on the goods have been transferred to the
customer. The performance obligation in case of sale of product is satisfied at a point in time i.e., when the
material is shipped to the customer or on delivery to the customer, as may be specified in the contract.
Rendering of services:

Revenue from services is recognized over time by measuring progress towards satisfaction of
performance obligation for the services rendered.

R. Employee Benefits:

(i) Current Employee Benefit:

(1) Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled
wholly within twelve months after the end of the period in which the employees render the related
service are recognized in respect of employee service upto the end of the reporting period and are
measured at the amount expected to be paid when the liabilities are settled. The liabilities are
presented as current employee benefit obligations in the balance sheet.

(2) Contribution to defined contribution scheme such as Provident Fund, Family Pension Fund and ESI

Fund are charged to the Statement of Profit & Loss.

(3) Leave encashment is charged to revenue on accrual basis.

(ii) Other long-term employee benefit obligations

(a) Gratuity

The Employee’s Gratuity Fund Scheme, which is defined benefit plan, is managed by Trust maintained
with Life Insurance Corporation of India (LIC). The difference, if any, between the actuarial valuation of the
gratuity of employees at the year end, valuation done by LIC and the balance of funds with Life Insurance
Corporation of India is provided for as assets/(liability) in the books.

S. Foreign Currency Transactions:

(i) The financial statements are presented in Indian rupee (INR), which is Company’s functional
currency.

(ii) Transactions denominated in foreign currencies are normally recorded at the exchange rate
prevailing at the time of the transaction.

(iii) Any income or expenses on account of exchange difference either on settlement or on translation is
recognized in the Statement of Profit and Loss.

(iv) Remittances not received until the end of the year are considered at the closing exchange rate as
applicable. Difference between realization against debtors in the subsequent year and outstanding
debtors is recognized as exchange differences in the Statement of Profit and Loss.

T. Income tax:

a. Current Tax:

Current tax is determined as the amount of tax payable in respect of taxable income for the year. The
Company’s current tax is calculated using tax rates that have been enacted or substantively enacted by
the end of the reporting period.

b. Deferred Tax:

Deferred tax assets and liabilities are recognized for all temporary differences arising between the tax
bases of assets and liabilities and their carrying amounts in the financial statements except when the
deferred tax arises from the initial recognition of an asset or liability that effects neither accounting nor
taxable profit or loss at the time of transition.

Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer
probable that the related tax benefit will be realized.

Deferred tax assets and liabilities are measured using tax rates and tax laws that have been enacted or
substantively enacted by the balance sheet date and are expected to apply to taxable income in the years
in which those temporary differences are expected to be recovered or settled

U. Earnings Per Share:

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

For the purpose of calculating diluted earnings per share, the net profit for the period attributed to equity
shareholders and the weighted average number of shares outstanding during the period is adjusted for
the effects of all potentially dilutive equity shares

V. Government Grants:

The government grants in the form of subsidy are presented in the balance sheet by deducting it from the
carrying amount of the eligible assets on a pro rata basis. The grant is recognised in the Statement of Profit
and Loss over the life of a depreciable asset as a reduced depreciation expense.

Capital Subsidy shown under Capital Reserves.

W. Dividend:

Dividend distribution to the shareholders is recognized as a liability in the Company's financial statements
in the period in which the dividends are approved by the Company's shareholders except interim dividend.
Interim dividend is recognized as a liability in the Company's financial statements in the period in which the
dividends are approved by the Board of Directors.

X. Related Party Disclosure:

Disclosures, regarding related parties and transactions with them, as required in terms of Indian
Accounting Standard 24, has been made at the relevant places in the notes to accounts.

3A. Critical accounting judgments, estimates and assumptions:

The preparation of the Company’s financial statements requires management to make judgments,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities,
and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these
assumptions and estimates could result in outcomes that require a material adjustment to the carrying
amount of the asset or liability affected in future periods.

The key assumptions concerning the future and other key sources of estimation uncertainty at the
reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year, are described below. The Company based its
assumptions and estimates on parameters available when the financial statements were prepared.
Existing circumstances and assumptions about future developments, however, may change due to
market changes or circumstances arising beyond the control of the Company. Such changes are reflected
in the assumptions when they occur.

(a) Property Plant & Equipment

The company has estimated the useful life of Property, Plant and Equipment and Investment Property as
per the useful life prescribed in Schedule II of the Companies Act, 2013.

(b) Taxes

(i) The Company’s tax charge is the sum of the total current and deferred tax charges. The calculation
of the Company’s total tax charge necessarily involves a degree of estimation and judgment in respect of
certain items whose tax treatment cannot be finally determined until resolution has been reached with the
relevant tax authority or, as appropriate, through a formal legal process.

(ii) Accruals for tax contingencies require management to make judgments and estimates in relation to
tax related issues and exposures.

(iii) The recognition of deferred tax assets is based upon whether it is more likely than not that sufficient
and suitable taxable profits will be available in the future against which the reversal of temporary
differences can be deducted. Where the temporary differences are related to losses, the availability of the
losses to offset against forecast taxable profits is also considered. Recognition therefore involves
judgment regarding the future financial performance of the particular legal entity or Company in which the
deferred tax asset has been recognized.

(c) Defined benefit

The cost of defined benefit plans (i.e. Gratuity benefit) is determined using valuations done by LIC. An
actuarial valuation involves making various assumptions which may differ from actual developments in the
future. These include the determination of the discount rate, future salary increases, mortality rates and
future pension increases. Due to the complexity of the valuation, the underlying assumptions and its long¬
term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All
assumptions are reviewed at each reporting date. In determining the appropriate discount rate,
management considers the interest rates of long term government bonds with extrapolated maturity
corresponding to the expected duration of the defined benefit obligation. Further details about the
assumptions used, including a sensitivity analysis.

45d Company does not have holding, subsidiary, associate and joint venture, hence the requirement of disclose the name of the
parent company, holding and ultimate controlling party are not required.

45e Company does not provide any termination benefits and share-based payment in the financial year 2024-25. (previous
year: Nil)

46 ADDITIONAL REGULATORY INFORMATION

46.1 There is no such immovable properties which is not held in the name of the company.

46.2 There is no investment property in the company. hence fair value of investment property is not required to valuate by a
registered valuer as defined under rule 2 of companies (registered valuers and valuation) rules, 2017.

46.3 The company has not revalued its property, plant and equipment (including right-of-use assets) during the reporting period.

46.4 The company has not revalued its intangible assets during the reporting period.

46.5 There is no loans or advances in the nature of loans are granted to promoters, directors, KMPS and the related parties (as
defined under Companies Act, 2013), either severally or jointly with any other person.

46.6 There is a balance of Rs.189.08 lakh (Previous year Rs. 21.86 lakh) under capital work in progress of Tangible Assets at the
end of Financial Year.

Capital-Work-in Progress (CWIP)

46.8 There is no such benami property held by the company and also there is 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 there under.

46.9 There is no borrowings from banks or financial institutions on the basis of security of current assets. However company
has lien marked on fixed deposits as 100% margin on Bank Guarantees issued against Advance/Performance of of Fluid
Couplings supply.

46.10 The company has not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

46.11 The company does not have any transaction with companies struck off under section 248 of the companies act, 2013 or
section 560 of companies act, 1956, during the current year and in the previous year.

46.12 There are 2 (two) charges for charge id no. 90205616 and 90204976 reflecting in the index of charges at the portal of MCA.
however, the loan amount was repaid and satisfied long back the company is trying to get the charge satisfied, however
the company could not find whereabout the charge holders, therefore the filing of form CHG-4 with the digital signature of
the charge holder could not be uploaded, however the management trying to find suitable way to file the same and comply
with the requirement of law.

* Total purchase includes purchase of raw material, stores & spares and other expenses.

** Capital employed includes tangible net worth and deferred tax liability.

46.14 No scheme of arrangements has been formulated by the company during the year under review in terms of sections 230
to 237 of the Companies Act, 2013.

46.15 The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other
sources or kind of funds) to any other person(s) or entity(ies), including foreign entities. the company has 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).

47 Previous year figures have been regrouped and/or rearranged wherever considered necessary.

48. FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES:

The Company's principal financial liabilities comprise of trade payables. The Company has various financial assets such
as trade receivables and cash and short-term deposits, which arise directly from its operations. The Company is exposed
to market risk, credit risk and liquidity risk.

The Company's Board of Directors oversees the management of these risks. The Company's Board of Directors is
supported by an Audit Committee that advises on financial risks and the appropriate financial risk governance framework
for the Company. The Audit Committee provides assurance to the Company's Board of Directors that the Company's

financial risk activities are governed by appropriate policies and procedures and that financial risks are identified,
measured and managed in accordance with the Company's policies and risk objectives.

A. MARKET RISK :

Market risk is the risk of any loss in future earnings, in realizable fair values or in future cash flows that may result from a
change in the price of a financial instrument. The value of a financial instrument may change as a result of changes in the
interest rates, foreign currency exchange rates, liquidity and other market changes. Future specific market movements
cannot be normally predicted with reasonable accuracy.

B. CREDIT RISK :

Credit risk is the risk of financial loss arising from counterparty failure to repay or service debt according to the contractual
terms or obligations. Credit risk encompasses both the direct risk of default and the risk of deterioration of credit
worthiness as well as concentration risks. Financial instruments that are subject to concentrations of credit risk,
principally consist of trade receivables.

None of the financial instruments of the Company result in material concentrations of credit risks. The carrying amount of
financial assets represents the maximum credit exposure. The maximum exposure to credit risk was 3077.21 lakhs as at
31 March 2025 and 1858.67 lakhs as at 31 March 2024, being the total of the carrying amount of trade receivables and
current investments.

Customer credit risk is managed by the Company subject to the Company's established policy, procedures and control
relating to customer credit risk management. Outstanding customer receivables are regularly monitored.

Credit risk from balances with banks and investment of surplus funds in mutual funds is managed by the Company's
finance department.

C. LIQUIDITY RISK :

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk
management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The
Company invests its surplus funds in bank fixed deposit, Fixed Deposits with Corporate and mutual funds, which carry
no/low mark to market risks.

D. BORROWING RISK :

Borrowing risk is the risk associated with borrowed capital. The Company has policy to borrow fund from banks or other
financial institutions to meet its financial obligation time to time. Borrowed money may be in form of secured (charge
create on Company's assets) or unsecured.

Mainly risk associated with the borrowed fund is change in interest rate by RBI time to time. The risk is reviewed regularly
by the Audit Committee of the Company.

The balance of borrowing fund from bank in the financial year ended 31st March, 2025 was Nil and also in previous
financial year ended 31st March, 2024 was Rs. Nil.

As per our report of even date For and on behalf of the Board

For J.P. SARAF & CO. LLP
CHARTERED ACCOUNTANTS

Firm Reg.No. : 006430C/C400368 (ASHOK JAIN) (RADHICA SHARMA) (KUNAL JAIN)

CHAIRMAN & DY. MANAGING DIRECTOR EXECUTIVE DIRECTOR

MANAGING DIRECTOR DIN : 06811597 DIN : 01475424

CA J.P.SARAF DIN : 00007813

PARTNER
M.No. 075319

(MONICA JAIN) (DEVENDRA KUMAR SAHU)

CHIEF FINANCIAL OFFICER COMPANY SECRETARY

Place : Indore

Date : This 30th Day of May, 2025