2.17 Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is
probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the
obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of
the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is measured using
the cash flows estimated to settle the present obligation, its carrying amount Is the present value of those cash flows (when the
effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a
receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can
be measured reliably.

Contingent liabilities are disclosed in notes when there is a possible obligation that arises from past events and whose existence will
be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the
entity.

2.18 Dividends

Provision is made for the amount of any dividend declared, being appropnately authorised and no longer at the discretion of the
enbty, on or before the end of the reporting period but not distributed at the end of the reporting period.

2.19 Financial instruments

2.19.1 Financial assets and financial liabilities

Financial assets and financial liabilities are recognised when a company entity becomes a party to the contractual provisions of the
instruments.

2.19.2 Initial recognition and measurement:

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the
acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through
profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial
recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through
profit or loss are recognised immediately in statement of profit and loss.

2.19.3 Subsequent measurement:

- Financial assets at amortised cost

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business whose objective is
to hold these assets in order to collect contractual cash flows and contractual terms of financial asset give rise on specified dates to
cash flows that are solely payments of pnncipal and interest on the pnncipal amount outstanding.

- Financial assets at fair value through other comprehensive income

Financial assets are measured at fair value through other comprehensive income if these Financial assets are held within
business whose objective is achieved by both collecting contractual cash flows on specified dates that are solely payments
of principal and interest on the pnncipal amount outstanding and selling financial assets.

- Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit or loss unless it measured at amortised cost or fair value through
other comprehensive income on initial recognition. The transaction cost directly attributable to the acquisition of financial
assets and liabilities at fair value through profit or loss are immediately recognised in the statement of profit and loss

• Financial liabilities

Financial liabilities are measured at amortised cost using effective interest method. For trade and other payables maturing
within one year from the balance sheet date, the carrying amounts approximate fair value due to the short maturity of
these instruments.

- Equity instruments

An equity instrument is a contract that evidences residual interest in the assets of the company after deducting all of its
liabilities. Equity instruments recognised by the company are recognised at the proceeds received net off direct issue cost.

2.20 Earning Per Share

Basic earning per share are computed by dividing profit and loss attributable to equity shareholders of the company by the
Weighted average number of equity shares outstanding during the year. The Company did not have any potentially dilutive
securities in the year.

2.21 Recent Accounting Pronouncements

Recent pronouncements Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing
standards under Companies (Indian Accounting Standards) Rules as issued from time to time. On March 21, 2023, MCA
amended the Companies (Indian Accounting Standards) Rules, 2015, applicable from April 1,2023, as below;

Ind AS 1 - Presentation of Financial Statements The amendments require companies to disclose their material accounting
policies rather than their significant accounting policies. Accounting policy information, together with other information, is
material when it can reasonably be expected to influence decisions of primary users of general purpose financial
statements. The Company does not expect this amendment to have any significant impact in its financial statements.

Ind AS 12 - Income Taxes

The amendments clarify how companies account for deferred tax on transactions such as leases and decommissioning
obligations. The amendments narrowed the scope of the recognition exemption in paragraphs 15 and 24 of Ind AS 12
(recognition exemption) so that it no longer applies to transactions that, on initial recognition, give rise to equal taxable
and deductible temporary differences. The Company has evaluated and the amendment and there is no impact on its
financial statements.

Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors

The amendments will help entities to distinguish between accounting policies and accounting estimates. The definition of
a change in accounting estimates has been replaced with a definition of accounting estimates. Under the new definition,
accounting estimates are "monetary amounts in financial statements that are subject to measurement uncertainty".
Entities develop accounting estimates if accounting policies require items in financial statements to be measured in a way
that involves measurement uncertainty. The Company does not expect this amendment to have any significant impact in
its financial statements

Securities Premium Reserve

Securities Premium Reserve is used to record the premium on Issue of shares. The reserve is utilised in accordance with the
provisions of the Act.

Reserve on Amalgamation

This reserve was created at the time of amalgamation and mergers earned out in earlier years. The reserve is utilised in accordance
with the provisions of the Act.

Retained Earnings

Retained earnings is a general reserve of a Company which are kept aside out of the Company’s profits to meet future (known or
unknown) obligations.

FVOCI Equity Investments

The Company has elected to recognise changes in the fair value of certain investments in equity securities in other comprehensive
income. These changes are accumulated within the FVOCJ equity Investment reserve within equity. The Company transfers
amounts from this reserve to retained earnings when the relevant equity securities are derecognised.

The information has been given in respect of such vendors to the extent they could be identified as "Micro and Small" enterprises on
the basis of information available with the Company.

Note No 34 Employee Benefits Plan

(a) Defined contribution plans

Contributions to Employee's Regional provident Fund, Superannuation Fund, Employees Pension Scheme and Employee's
state insurance are recognised as defined contribution plan. The company recognised ? 46.18 Lakhs for Employee's Regional
provident Fund ( previous year * 38.43 Lakhs), ? NIL for Superannuation Fund ( previous year t NIL), l NIL for Employees
Pension Scheme ( previous year f NIL), * 0.35 Lakhs for Employee's Welfare Fund ( previous year * 0.27 Lakhs) and * 0.51
Lakhs for Employee’s state insurance (previous year * 0.58 Lakhs)

(b) Defined benefit plan

The Company offers gratuity and leave encashment benefits, a defined employee benefit scheme of its employees.

The said benefit plan is exposed to actuarial risks as below:

Longevity Risk The present value of the defined benefit plan liability is calculated by reference to the best estimate of the
mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will
increase the plan’s liability.

Salary risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan
participants. As such, an increase in the salary of the plan participants will increase the plan's liability.

Investment risk: The present value of the defined benefit plan liability is calculated using a discount rate determined by reference
to government/high quality bond yields; if the return on plan asset is below this rate, it will create a plan deficit.

Interest risk: A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by an increase
in the return on the plan's debt investments.

Significant actuarial assumptions for the determination of the defined obligation are discount rate, expected salary increase and
withdrawal rate. The sensitivity analysis below have been determined based on reasonably possible changes of the respective
assumption occurring at the end of the reporting period, while holding all other assumptions constant.

If the discount rate increases by 1%, the defined benefit obligation would be 130.01 Lakhs as at March 31,2025.

If the discount rate (decreases) by 1%, the defined benefit obligation would be * 34.72 Lakhs as at March 31,2025.

If the expected salary growth increases by 1%, the defined benefit obligation would be ? 34.74 Lakhs as at March 31,2025.

If the expected salary growth (decreases) by 1%, the defined benefit obligation would be * 29.96 Lakhs as at March 31,2025.

If the expected withdrawal rate increases by 1%, the defined benefit obligation would be * 32.49 Lakhs as at March 31,2025.

If the expected withdrawal rate (decreases) by 1%, the defined benefit obligation would be * 31.89 Lakhs as at March 31,2025.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is
unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, m presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated
using the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the defined
benefit obligation liability recognised in the balance sheet.

There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior year
There has been no change in the process used by the Group to manage its risks from pnor periods.

The Company's activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk. The Company's primary
focus is to foresee the unpredictability of financial markets and seek to minimize potential adverse effects on its financial
performance. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below:

Market risk management

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices. Such changes in the values of financial intruments may result from changes in the foreign currency exchange rates, interest
rates, credit, liquidity and other market changes. The Company's exposure to market nsk is primarily on account of liquidity risk.

Liquidity Risk

The liquidity risk encompasses any risk that the Company cannot fully meet its financial obligations. To manage the liquidity risk,
cash flow forecasting is performed in the operating divisions of the Company and aggregated by Company finance. The
Company's finance monitors rolling forecasts of the Company's liquidity requirements to ensure it has sufficient cash to meet
operational needs while maintaining sufficient headroom on its undrawn committed borrowing facilities / overdraft facilities at all
times so that the Company does not breach borrowing limits or covenants (where applicable) on any of its borrowing facilities.

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting In financial loss to the Company.
Credit Risk to the company primarily arises from trade receivables. Credit risk also arises from cash and cash equivalents, financial
instruments and deposits with banks and financial Institutions and other financial assets

The Company has adopted a policy of only dealing with creditworthy counterparties and obtaining sufficient collateral, where
appropriate, as a means of mitigating the risk of financial loss from defaults. The Company only transacts with entities that are rated
equivalent of investment grade and above. The Company has an internal mechanism of determining the credit rating of the
customers and setting credit limits. Credit exposure is controlled by counterparty limits that are reviewed and approved by the risk
management committee annually. Ongoing credit evaluation is performed on the financial condition of accounts receivable.

Interest rate risk

Interest rate risk arises from borrowings. Debt issued at variable rates exposes the Company to cash flow risk. Debt issues at fixed
rates exposes the Company to fair value risk.

Interest rate risk Is the risk that the fair value of future cash Olows of the ?inancial instruments will Dluctuate because of changes
in market interest rates. The Company's main interest rate risk arises from long-term borrowings with variable rates, which exposes
the Company to cash low interest rate risk.

NOTE N0.44 RELATIONSHIP WITH STRUCK OFF COMPANIES

The company do not have any transactions with company’s struck off under Section 248 of the Companies Act, 2013 or Section 560
of the Companies Act, 1956 during the year ended 31 st March 2025 (Previous year: Nil)

NOTE N0.45 DETAILS OF BENAMI PROPERTY HELD

The company do not have any property under Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder,
hence there are no proceedings against the company for the year ended 31st March, 2025 and also for the year ended 31st March,
2024

NOTE N0.46 DISCLOSURE IN RELATION TO UNDISCLOSED INCOME

The company do not have any such transactions which is not recorded in the books of accounts that has ben surrendered or
disclosed as income during the year ended 31st March, 2025 and also for the year ended 31st March, 2024 In the tax assessments
under Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

NOTE N0.47 DETAILS OF CRYPTO CURRENCY OR VIRTUAL CURRENCY

The company have not traded or invested in crypto currency or virtual currency during the year ended 31st March, 2025 and also for
the year ended 31st March, 2024

NOTE NO.48 UTILISATION OF BORROWED FUND AND SHARE PREMIUM

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: (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.

The company have not received any fund from any person(s) or entity(ies), including foreign entiteis (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 (ulitmate benericiarles)or (b) provide
any guarantee, security or the like on behalf of the ultimate beneficiaries.

NOTE NO.49 LOANS AND ADVANCES (REPAYABLE ON DEMAND OR WITHOUT SPECIFYING ANY TERMS OR PERIOD
OF REPAYMENT) TO SPECIFIED PERSONS

During the year ended 31st March 2025, the Company did not provide any loans or advances, which remains outstanding
(repayable on demand or without specifying any terms or period of repayment) to specified persons (Previous Year: NIL)

NOTE NO.50 REGISTRATION OF CHARGES OR SATISFACTION WITH REGISTRAR OF COMPANIES (ROC)

The company do not have any charges or satisfaction, which yet to be registered with ROC beyond the statutory period, during the
year ended 31st March, 2025 and also for the year ended 31st March, 2024

NOTE NO.51 WILFUL DEFAULTER

The company has not been declared wilful defaulter by any bank or financial institution or government or any government authontty
NOTE NO. Previous year/period figures have been re-grouped / re-classified wherever necessary.

In terms Of our report attached. For and on behalf of the Board of Directors

For Singla Tayal & Co.

Chartered Accountants
(Firm's Reg no. 000882N)

CA Arpit Singla Madhu Mittal Ankur Goyal

Partner Managing Director Company Secretary

(MNo 508049) (DIN: 00006418) (Membership No. 26065)

UDIN:

Place: Fandabad Ansh Mittal Ravinder Panchal

Director Manager Accounts

Date: 29-05-2025 (DIN: 00W1986)