i) The Company has identified Land and Building at Mullipadi Village, Kinathukadavu to be in the nature of Investment property, as these are held to earn rental income.

Further, during the financial year 2024-25, the Company acquired a portion of land measuring 0.553 Acre, which is temporarily classified under Investment Property, as the management's intention regarding its future use is currently unascertained.

ii) Fair Value of Land and Building held as Investment Property - ' 211.52 Lakhs (Previous year - ' 192.29 Lakhs)

iii) The fair value of investment property has been determined with reference to the guideline value for the year ended 31.03.2025 as determined by the Government for the location at which the property is situated and adjusted for the depreciated value of buildings. The management believes the fair value of the investment property as at the balance sheet date would not be significantly different from the guideline value.

6 Other Intangible Assetsa. Terms and rights attached to equity shares

The Company has only one class of equity shares having a par value of ' 10/- each. All these equity shares have the same rights and preferences with respect to payment of dividend, repayment of capital and carries one vote for every such class of shares held. In the event of liquidation, the excess assets shall be distributed amongst the members in proportion to the capital.

d. Details of shares held by Holding Company:

There are no shares held by Holding Company/Subsidiaries of ultimate Holding Company.

e. Details of shares issued for consideration other than cash in the immediately preceding five years:

There are no shares issued for consideration other than cash.

f. Details of share allotted by way of Bonus shares or any buy back in the immediately preceding five years:

In terms of Board Resolution dt.,18^th September, 2020 the Company bought back 3,50,096 equity shares of ' 10 each at a price of ' 175 per share from the eligible shareholders on the record date 01.10.2020 fixed for the purpose aggregating to 7.64% of the paid up capital.

As required under Section 69 read with Section 68 of the Companies Act, 2013 an amount of ' 35.01 lakhs has been transferred to Capital Redemption Reserve from the surplus in Profit & Loss A/c / General Reserve in Financial Year 2020-21. The aggregate expenses incurred for the Buy-Back was ' 44.77 lakhs. This amount is written off under Other Expenses during the Financial year 2020-21.

Term Loan facilities from Union Bank of India are primarily secured by value of Machinery (as per projected report for ' 3015 Lakhs) based on the estimation given by the company and the collateral security is same as that of working capital facilities (Refer Note No.22)

Repayable in 60 Monthly instalment of ' 25 Lakhs with initial moratorium period of 12 months from the date of first availment (9^th January 2025). Interest is payable on monthly basis (including moratorium period) and the rate of interest is EBLR 0.25%

• Working Capital Facilities from Axis Bank Limited and Union Bank of India Limited are secured by pari-passu first charge on the current assets and unencumbered fixed assets of the company.

• Working Capital Facilities are further secured by pari-passu first charge on the specific immovable properties situated at S. No. 34, 35/1 Part, 36/4 Part of Mullupadi Village,Thamaraikulam, Pollachi, Coimbatore District, Tamilnadu. Exclusive charge to Union Bank of India on land situated at S.F.No. 149/A3,Ganapathipalayam Village, Udumalpet, Tiruppur and S.F.No. 409/3, Kottathurai Village, Keeranur,Palani.

• Working Capital Facilities from Banks are repayable on demand and carries interest rates as follows: Axis Bank- REPO 4%; UBI- EBLR 3.25%

• In respect of borrowings made during the year, the charge on the assets given as security to the lender have been created on time in compliance of the regulatory requirements

The above workings are provisional computation of tax expenses and are subject to finalisation including that of tax audit.

There were no transactions relating to previously unrecorded income that were surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 (43 of 1961) during the year.

Employee Benefit Plan:

The Company has an obligation towards gratuity, a defined benefit obligation.Gratuity is payable as per Payment of Gratuity Act, 1972. In terms of the same, Gratuity is computed by multiplying last drawn salary [Basic salary including Dearness Allowance if any] by completed years of continuous service with part thereof in excess of six months and again by 15/26. Act provides for a vesting period of 5 years for withdrawal and retirement and a monetary ceiling on gratuity payable to an employee on separation, as may be prescribed under the Payment of Gratuity Act, 1972, from time to time. However, in cases where an enterprise has more favourable terms in this regard the same has been adopted.

The most recent actuarial valuation of the defined benefit obligation was carried out at the balance sheet date. The present value of the defined benefit obligations and the related current service cost and past service cost were measured using the Projected Unit Credit Method. Based on the actuarial valuation obtained in this respect, the following table sets out the details of the employee benefit obligation as at balance sheet date:

ii. The management assessed that the fair value of cash and cash equivalents, trade receivables, loans, other financial assets, trade payables and other financial liabilities approximate the carrying amount largely due to short-term maturity of these instruments. The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

(iii) Fair value hierarchy

Financial assets and financial liabilities are measured at fair value in the financial statement and are grouped into three levels of a fair value hierarchy.

The three Levels are defined based on the observability of significant inputs to the measurement, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Unobservable inputs for the asset or liability

* The Company has not disclosed the fair values for short term / current financial instruments (such as short term trade receivables, short term trade payables, Current Loans and Short term borrowings etc), because their carrying amounts are a reasonable approximation of Fair value.

iv. Measurement of fair values :

The basis of measurement in respect of each class of financial assets and liabilities are disclosed in point no. (iv) Significant Accounting Judgements, Estimates And Assumptions”

42 Financial risk management

The Company's activities expose it to market risk, liquidity risk and credit risk. The Company's Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework. This note explains the sources of risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial statements.

a. Credit risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company. Credit risk encompasses of both, the direct risk of default and the risk of deterioration of creditworthiness as well as concentration risks. 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.

Credit risk management Credit risk rating

The Company assesses and manages credit risk of financial assets based on following categories arrived on the basis of assumptions, inputs and factors specific to the class of financial assets.

* An impairment analysis is performed at each reporting date on an individual basis for major clients. Any recoverability of receivables is provided for based on the impairment assessment. Historical trends showed as at 31^st March, 2025 and 31^st March, 2024 the Company had no significant credit risk.

Based on business environment in which the Company operates, a default on a financial asset is considered when the counterparty fails to make payments within the agreed time period as per contract. Loss rates reflecting defaults are based on actual credit loss experience and considering differences between current and historical economic conditions.

Assets are written off when there is no reasonable expectation of recovery, such as a debtor declaring bankruptcy or litigation decided against the Company. The Company continues to engage with parties whose balances are written off and attempts to enforce repayment. Any subsequent recoveries made are recognised in statement of profit and loss.

b. Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the nature of the business, the Company maintains flexibility in funding by maintaining availability under committed facilities. Management monitors rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis of expected cash flows. The Company takes into account the liquidity of the market in which the entity operates. In addition, the Company's liquidity management policy involves projecting cash flows and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios against internal and external regulatory requirements and maintaining debt financing plans.

The bank cash credit facilities may be drawn at any time and may be terminated by the bank without notice. Subject to the continuance of satisfactory credit ratings, the bank loan facilities may be drawn at any time in INR and have an average maturity of 1 year.

d. Financial Currency Risk

The Company's functional currency is Indian Rupees (INR). The Company undertakes transactions denominated in foreign currencies; consequently, exposure to exchange rate fluctuations arise. Volatility in exchange rates affects the Company's revenue from export markets and the costs of imports.

Adverse movements in the exchange rate between the Rupee and any relevant foreign currency results in increase in the Company's overall debt position in Rupee terms without the Company having incurred additional debt and favourable movements in the exchange rates will conversely result in reduction in the Company's receivables in foreign currency. In order to hedge exchange rate risk, the Company has a policy to hedge cash flows (either using natural hedge or an artificial hedge) upto a specific tenure using forward exchange contracts and hedges based on their Internal Foreign Curreny Exposure and risk management policy as approved by the management and in accordance with the applicable regulations where the Company operates.

The following table details the Company's sensitivity to a 5% increase and decrease in the INR against the relevant foreign currencies net of hedge accounting impact. The sensitivity analysis includes only outstanding foreign currency denominated monetary items and adjusts their translation at the year-end for a 5% change in foreign currency rates, with all other variables held constant. A positive number below indicates an increase in profit or equity where INR strengthens 5% against the relevant currency. For a 5% weakening of INR against the relevant currency, there would be a comparable impact on profit or equity, and the balances below would be negative.

43 Capital management (a) Risk management

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves. The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. The Company monitors capital using a gearing ratio, which is net debt divided by total equity. The Company includes within net debt, interest bearing loans and borrowings, less cash and cash equivalents.

In order to achieve this overall objective, the Company's capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements.

No changes were made in the objectives, policies or processes for managing capital during the years ended March 31,2025 and March 31,2024.

(b) Dividends

In respect of the year ended 31^st March 2025, the Directors propose that a dividend of ' 6.00/- per share (60% of face value) be paid on fully paid Equity Shares. The Equity Dividend is subject to approval by shareholders at the Annual General Meeting and has not been included as liability in these financial statements. The proposed equity dividend is payable to all holders of fully paid equity shares. The total estimated equity dividend to be paid is ' 253.93 Lakhs.

54 Leasing arrangements

The Company had taken one property on lease for operating purposes, which was recognized as a Right-of-Use (RoU) asset and corresponding lease liability as per Ind AS 116. The lease term of the said arrangement ended on 31^st March 2025 and accordingly, the related lease liability and RoU asset have been derecognized as at the year end.

A new lease agreement for the same property has been entered into, commencing from 1^st April 2025, and will be accounted for in accordance with the provisions of Ind AS 116 in the next financial year.

55 Capitalisation of Borrowing Cost:

The borrowing cost capitalised during the year amounts to ' 9.51 lakhs (Previous year: Rs. Nil), in respect of specific borrowings obtained for the acquisition and installation of plant and machinery for an additional moulding line.

56 Relationship with Struck off companies:

The company does not have any transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956.

57 Utilisation of Borrowed Funds and Share Premium:

(a) The company has not advanced or loaned or invested any fund, which are material either individually or in aggregate (either from borrowed funds or share premium or any other sources or kind of funds) to or in any other person or entity, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, 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 on behalf of the Ultimate Beneficiaries;

(b) The company has not received any fund, which are material either individually or in aggregate, from any person or entity, including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; Further, the loan funds borrowed for the capital project have been utilised solely for the intended project purposes.

58 Details of Crypto Currency or Virtual Currency:

The company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

59 Title Deeds of Immovable Properties:

All the immovable properties are held in the name of the company.

60 Details of Benami property:

No proceedings have been initiated or are pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) (45 of 1988) and the rules made thereunder.

61 Compliance with number of layers of companies:

The Company is not a holding company of any company and hence the provisions of this rule is not applicable to it.

62 Undisclosed Income:

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

63 Revaluation of Property, Plant and Equipment and Intangible Assets:

The Company has not revalued its property, plant and equipment (including Right of Use Assets) or intangible assets or both during the current or previous year.

64 Loans to Related Parties and others:

The Company had not granted any loans or advances in the nature of loans to promoters, directors, KMP's and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other person that:

a) are repayable on demand or

b) without specifying any terms or period of repayment.

65 Wilful Defaulter:

The Company had not been declared a wilful defaulter by any bank or financial institution or other lender (as defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

66 Registration of Charges or Satisfaction with Registrar of Companies (ROC):

The Company does not have any charges which is yet to be registered with the Registrar of Companies (ROC) beyond the statutory period. Due to technical issues, the company is unable to file the required forms

to complete satisfaction of charges with respect to a charge created in 1999. However, the loan for which the charge was created was repaid in full.

67 Income tax assessment has been completed upto the Assessment year 2024-25.

68 The VAT refund of Rs . 43,97,047 in respect of F.Y 2013-14 and 2014-15 was due, but not accepted by Asst. Commissioner (CT), PN.Palayam Circle, Coimbatore. The Company has filed a writ petition with Hon'ble High Court of Judicature, Madras (Numbered W.P 11695 and 11698 of 2022). High Court disposed off the writ on 29-06-2022 in favour of the company. Consequent upon Hon'ble High Court of Judicature, Madras order dated 29-06-2022, VAT Re-assessment order has been passed by Asst. Commissioner (CT) vide order dated 10-08-2022 towards refund of VAT amount claimed by us. Refund is awaited and company is following up with Commercial Taxes Department.

69 The Code on Social Security,2020 (‘Code') relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However,the date on which the Code will come into effect has not been notified.The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.

70 All figures are in Lakhs unless otherwise stated.

71 Previous year's figures are reclassified wherever necessary to conform to the current year's classification.