(n) Provisions and contingencies
Provisions

A provision is recognised if, as a result of a past event, the Company has a present legal or constructive obligation that is reasonably
estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation. If the effect of the time value
of money is material, provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current
market assessments of the time value of money and the risks specific to the liability. The increase in the provision due to the passage of
time is recognised as interest expense.

Contingent liabilities

A contingent liability is a possible obligation that arises from past events whose 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 a present obligation that

is not recognised because it is not probable that an outflow of resources will be required to settle the obligation or it cannot be
measured with sufficient reliability. The Company does not recognise a contingent liability but discloses its existence in the standalone
financial statements.

Contingent assets

Contingent assets are neither recognised nor disclosed. However, when realisation of income is virtually certain, related asset is recognised.

(o) Financial instruments
Financial assets
Classification

The Company classifies its financial assets in the following measurement categories:

- those to be measured subsequently at fair value (either through Other Comprehensive Income, or through Consolidated Statement
of Profit and Loss), and

- those measured at amortised cost.

The classification depends on the Company's business model for managing the financial assets and the contractual terms of the
cash flows.

Initial recognition and measurement

The Company initially recognises financial assets when it becomes a party to the contractual provisions of the instrument. All financial
assets (excluding trade receivables) are measured at fair value on initial recognition. Transaction costs that are directly attributable to the
acquisition or issue of financial assets, that are not at fair value through profit or loss, are added to the fair value on initial recognition.
Transaction costs of financial assets carried at fair value through profit or loss are expensed in the Statement of Profit and Loss. Regular
way of purchase and sale of financial assets are accounted for at trade date.

Trade Receivables -

At initial recognition, trade receivables are measured at their transaction price (as defined in Ind AS 115) if the trade receivables do
not contain a significant financing component in accordance with Ind AS 115 (or when the entity applies the practical expedient in
accordance with Para 63 of Ind AS 115).

The Company follows 'simplified approach' for recognition of impairment loss allowance on trade receivables. The application of
simplified approach does not require the Company to track changes in credit risk rather, it recognises impairment loss allowance based
on lifetime expected credit loss ('ECL') at each reporting date, right from its initial recognition.

Expected lifetime losses to be recognised from initial recognition of the receivables. The Company uses historical default rates to
determine impairment loss on the portfolio of trade receivables. At every reporting date these historical default rates are reviewed and
changes in the forward-looking estimates are analysed.

Subsequent measurement

For purposes of subsequent measurement, financial assets are classified in four categories:

i. Debt instruments at amortised cost;

ii. Debt instruments at fair value through other comprehensive income (FVTOCI);

iii. Debt instruments, derivatives and equity instruments at fair value through profit or loss (FVTPL); and

iv. Equity investments.

i. Debt instruments at amortised cost

A 'debt instrument' is measured at the amortised cost if both the following conditions are met:

a) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows; and

b) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI)
on the principal amount outstanding.

This category is the most relevant to the Company. After initial measurement, such financial assets are subsequently measured
at amortised cost using the effective interest rate (EIR) method. Amortised cost is calculated by taking into account any
discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortisation is included
in finance income in the profit or loss. The losses arising from impairment are recognised in the profit or loss. This category
generally applies to trade and other receivables.

ii. Debt instrument at FVTOCI

A debt instrument' is classified as at the FVTOCI if both of the following criteria are met:

a) The objective of the business model is achieved both by collecting contractual cash flows and selling the financial assets; and

b) The asset's contractual cash flows represent SPPI."

Debt instruments included within the FVTOCI category are measured initially as well as at each reporting date at fair value. Fair
value movements are recognized in the other comprehensive income (OCI). However, the Company recognizes interest income,
impairment losses & reversals and foreign exchange gain or loss in the Statement of profit & loss. On derecognition of the asset,
cumulative gain or loss previously recognised in OCI is reclassified from the equity to Statement of profit & loss. Interest earned
whilst holding FVTOCI debt instrument is reported as interest income using the EIR method.

iii. Debt instrument at FVTPL

FVTPL is a residual category for debt instruments. Any debt instrument, which does not meet the criteria for categorization as at
amortized cost or as FVTOCI, is classified as at FVTPL.

In addition, the Company may elect to designate a debt instrument, which otherwise meets amortized cost or FVTOCI criteria, as
at FVTPL. However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency
(referred to as 'accounting mismatch'). The Company has not designated any debt instrument as at FVTPL.

Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the Statement of
Profit and Loss.

iv. Equity investments

All equity investments in scope of Ind AS 109 Financial Instruments, are measured at fair value. Equity instruments which are
held for trading and contingent consideration recognised by an acquirer in a business combination to which Ind AS 103 Business
Combinations, applies are classified as at FVTPL. For all other equity instruments, the Company may make an irrevocable election to
present in other comprehensive income subsequent changes in the fair value. The Company makes such election on an instrument-
by- instrument basis. The classification is made on initial recognition and is irrevocable.

If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument, excluding
dividends, are recognized in the OCI. There is no recycling of the amounts from OCI to P&L, even on sale of investment. However,
the Company may transfer the cumulative gain or loss within equity.

Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the Statement of
Profit and Loss.

De-recognition of financial assets

A financial asset (or, where applicable, a part of a financial asset ) is primarily derecognised (i.e. removed from the Company's balance
sheet) when:

a The rights to receive cash flows from the asset have expired, or

b The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash
flows in full without material delay to a third party under a 'pass-through' arrangement; and either (i) the Company has transferred
substantially all the risks and rewards of the asset, or (ii) the Company has neither transferred nor retained substantially all the risks
and rewards of the asset, but has transferred control of the asset."

When the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it
evaluates if and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially
all of the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognise the transferred asset to
the extent of the Company's continuing involvement. In that case, the Company also recognises an associated liability. The transferred
asset and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.

Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original carrying
amount of the asset and the maximum amount of consideration that the Company could be required to repay.

Financial liabilities

Initial recognition and measurement

The Company recognises financial liabilities when it becomes a party to the contractual provisions of the instrument. All financial liabilities
are recognised at fair value on initial recognition. Transaction costs that are directly attributable to the issue of financial liabilities, that
are not at a fair value through profit or loss, are reduced from the fair value on initial recognition. Transaction costs that are directly
attributable to the issue of financial liabilities at fair value through profit or loss are expensed in the Statement of Profit and Loss.

Subsequent measurement

The measurement of financial liabilities depends on their classification, as described below:

Financial liabilities at fair value through profit or loss

Financial liabilities are classified as at FVTPL when the financial liability is held for trading or it is designated as at FVTPL. Financial liabilities
at FVTPL are stated at fair value, with any gains or losses arising on remeasurement recognised in the Statement of Profit or Loss.

Loans and borrowings

Borrowings are initially recognized at fair value, net of transaction costs incurred. After initial recognition, interest-bearing loans and
borrowings are subsequently measured at amortized cost using the Effective Interest rate (EIR) method. Income and Expense are
recognized in the statement of profit or loss when the liabilities are derecognized as well as through the EIR amortization process.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of
the EIR. The EIR amortization is included as finance costs in the statement of profit and loss. This category generally applies to borrowings.

Financial guarantee contracts

Financial guarantee contracts are those contracts that require a payment to be made to reimburse the holder for a loss it incurs because
the specified party fails to make a payment when due in accordance with the terms of a debt instrument. Financial guarantee contracts
are recognised initially as a liability at fair value, adjusted for transaction costs that are directly attributable to the issuance of the
guarantee. Subsequently, the liability is measured at the higher of the amount of expected loss allowance determined as per impairment
requirements of Ind AS 109 Financial Instruments and the amount recognised less cumulative amortisation.

Derecognition of financial liabilities

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability.
The difference in the respective carrying amounts is recognised in the Statement of Profit and Loss.

Offsetting of financial instrument

Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently enforceable
legal right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the
liabilities simultaneously.

(p) Impairment of financial assets

The Company applies the expected credit loss model for recognizing impairment loss on financial assets measured at amortized cost,
debt instruments at FVTOCI, lease receivables, trade receivables, other contractual rights to receive cash or other financial asset, and
financial guarantees not designated as at FVTPL.

Expected credit losses are the weighted average of credit losses with the respective risks of default occurring as the weights. Credit
loss is the difference between all contractual cash flows that are due to the Company in accordance with the contract and all the cash
flows that the Company expects to receive (i.e. all cash shortfalls), discounted at the original effective interest rate (or credit-adjusted
effective interest rate for purchased or originated credit-impaired financial assets). The Company estimates cash flows by considering all
contractual terms of the financial instrument (for example, prepayment, extension, call and similar options) through the expected life of
that financial instrument.

For trade receivables or any contractual right to receive cash or another financial asset that result from transactions that are within
the scope of Ind AS 115 Revenue from contracts with customers, the Company applies simplified approach permitted by Ind AS 109
Financial Instruments, which requires expected life time losses to be recognized after initial recognition of receivables. For recognition of
impairment loss on other financial assets and risk exposure, the Company determines whether there has been a significant increase in
the credit risk since initial recognition. If credit risk has not increased significantly, twelve months ECL is used to provide for impairment
loss. However, if credit risk has increased significantly, lifetime ECL is used. If, in a subsequent period, credit quality of the instrument
improves such that there is no longer a significant increase in credit risk since initial recognition, then the entity reverts to recognizing
impairment loss allowance based on twelve-months ECL.

(q) Fair value measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or
transfer the liability takes place either:

- In the principal market for the asset or liability, or

- In the absence of a principal market, in the most advantageous market for the asset or liability
The principal or the most advantageous market must be accessible by the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or
liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic benefits by
using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and
best use.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure
fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the standalone financial statements are categorised within the
fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities

Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or
indirectly observable

Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable

(r) Cash and cash equivalents

Cash and cash equivalent in the statement of financial position comprises cash at banks and on hand, demand deposits, short-term
deposits with an original maturity of three months or less and highly liquid investments that are readily convertible into known amounts
of cash, which are subject to an insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above, net
of outstanding bank overdrafts as they are considered an integral part of the Company's cash management.

(s) Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The
Company is engaged in the business of manufacturing hydraulic pumps and power units, which constitutes its single reportable segment.

The Company identifies primary segments based on the dominant source, nature of risks and returns and the internal organization and
management reporting structure. The operating segments are the segments for which separate financial information is available and for
which operating profit/loss amounts are evaluated regularly by the executive management in deciding how to allocate resources and
in assessing performance.

The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue,
segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship to the
operating activities of the segment.

Inter-segment revenue is accounted on the basis of transactions which are primarily determined based on market / fair value factors.

Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to segments on reasonable basis
have been included under "unallocated revenue / expenses / assets / liabilities.

(t) Earnings/ (Loss) per Share (EPS)

Basic EPS are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average
number of equity shares outstanding during the period. Partly paid equity shares are treated as a fraction of an equity share to the
extent that they are entitled to participate in dividends relative to a fully paid equity share during the reporting period. The weighted
average number of equity shares outstanding during the period is adjusted for events such as bonus issue, bonus element in a rights
issue to existing shareholders, share split and reverse share split (consolidation of shares) that have changed the number of equity shares
outstanding, without a corresponding change in resources.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the Company (after adjusting for interest
on the convertible preference shares, if any) by the weighted average number of equity shares outstanding during the year plus the
weighted average number of equity shares that would be issued on conversion of all the dilutive potential equity shares into equity
shares. Dilutive potential equity shares are deemed converted as of the beginning of the period, unless issued at a later date. Dilutive
potential equity shares are determined independently for each period presented.

(u) Earnings/ (Loss) per Share (EPS)

Cash flows are reported using the indirect method, whereby profit/ (loss) before tax is adjusted for the effects of transactions of non¬
cash nature and any deferrals or accruals of past or future cash receipts or payments. Cash flow for the year are classified by operating,
investing and financing activities.

(v) Statement of Cash Flows

"The Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies (Indian
Accounting Standards) Rules as issued from time to time.

Amended Accounting Standards (Ind AS) and interpretations effective during the period

The MCA has notified below new standards / amendments which were effective from 01 April 2024.

Amendments to Ind AS 116 - Lease liability in a sale and leaseback

The amendments require an entity to recognise lease liability including variable lease payments which are not linked to index or a rate
in a way it does not result into gain on Right of Use asset it retains.

Introduction of Ind AS 117

MCA notified Ind AS 117, a comprehensive standard that prescribe, recognition, measurement and disclosure requirements, to avoid
diversities in practice for accounting insurance contracts and it applies to all companies i.e., to all "insurance contracts" regardless of the
issuer. However, Ind AS 117 is not applicable to the entities which are insurance companies registered with IRDAI.

The Company has reviewed the new pronouncements and based on its evaluation has determined that these amendments do not have
a significant impact on the Financial Statements.

Amendment effective for annual reporting periods beginning on or after April 01,2025
The MCA has notified below amendment which were effective from April 01,2025.

Amendment to Ind AS 21- "The Effects of Changes in Foreign Exchange Rates"

The amendment specifies how an entity should assess whether a currency is exchangeable and how it should determine a spot
exchange rate when exchangeability is lacking. The amendments also requires the disclosure of information that enables users of its
financial statements to understand how the currency not being exchangeable into the other currency affects, or is expected to affect,
the entity's financial performance, financial position and cash flows

When applying the amendment, an entity cannot restate comparative information.

The amendments will not have a material impact on the Company's financial statements.

(w) Other Accounting policies
(i) Leases

Company as a lessee

The company's lease asset classes primarily consist of leases for buildings. The Company assesses whether a contract contains a
lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified
asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an
identified asset, the Company assesses whether:

(i) the contract involves the use of an identified asset

(ii) the company has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the
Company has the right to direct the use of the asset.

At the date of commencement of the lease, the company recognizes a right-of-use asset ("ROU") and a corresponding lease liability
for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low
value leases. For these short-term and low value leases, the Company recognizes the lease payments as an operating expense on a
straight-line basis over the term of the lease.

Certain lease arrangements include the options to extend or terminate the lease before the end of the lease term. ROU assets and
lease liabilities includes these options when it is reasonably certain that they will be exercised.

The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease
payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are
subsequently measured at cost less accumulated depreciation and impairment losses.

Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and
useful life of the underlying asset. Right of use assets are evaluated for recoverability whenever events or changes in circumstances
indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e.
the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not
generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined
for the Cash Generating Unit (CGU) to which the asset belongs.

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are
discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the
country of domicile of these leases. Lease liabilities are remeasured with a corresponding adjustment to the related right of use
asset if the company changes its assessment if whether it will exercise an extension or a termination option.

Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as
financing cash flows.

Note: The Company pursuant to the Board meeting held on 23 May 2025, considered the issue of equity shares not exceeding 7,00,000
shares to Yuken Kogyo Company Limited, Japan, promoter of the Company at an issue price payable in cash, not less than the floor price
computed as on relevant date, as determined in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018, on Preferential Basis
as per the provisions of SEBI (ICDR) Regulations, 2018, as amended subject to the approval of shareholders.

(b) Terms and rights attached to equity shares

The Company has only one class of equity shares having a par value of H10 per share. Each equity share is entitled to one vote per share.
The dividend, if any, proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General
Meeting and shall be payable in Indian rupees. In the event of liquidation of the Company, the shareholders will be entitled to receive
remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of
equity shares held by the shareholders.

(c) The Board of Directors, in its meeting held on 28 May 2025, proposed a final dividend of 15% (H1.5 per equity share) for the financial year
ended 31 March 2025. The proposal is subject to the approval of shareholders at the upcoming Annual General Meeting and if approved
would result in a cash outflow of H195.

Note:

The Company has provided guarantee in respect of the working capital loan taken by Kolben Hydraulics Limited from Sumitomo Mitsui
Banking Corporation (SMBC) in FY 2023-24.During the year, company has provided guarantee in respect of the Term Loan taken by Grotek
Enterprises Private Limited & AEPL Grotek Renewable Energy Private Limited from Sumitomo Mitsui Banking Corporation(SMBC).

Note 38 - Capital management

For the purpose of the Company's capital management, capital includes issued capital, additional paid in capital and all other equity reserves
attributable to the equity shareholders of the Entity. The primary objective of the Company's capital management is to maximise the
shareholder value.

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. Breaches in meeting the financial
covenants would permit the bank to immediately call loans and borrowings. There have been no breaches in the financial covenants of any
interest-bearing loans and borrowings in the current period.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the
financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital
to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net
debt. The Company includes within net debt, interest bearing loans and borrowings, trade payables, less cash.

Note 40

Defined benefit obligations

The Company has provided for the gratuity liability (defined benefit plan), as per actuarial valuation carried out by an independent actuary
on the Balance Sheet date.

Defined benefit contributions

The Company makes contributions to statutory provident fund as per the Employees Provident Fund and Miscellaneous Provision Act, 1952
and superannuation fund which are defined contribution plans as per Ind AS 19, Employee benefits. The Company recognised H261.84 (31
March 2024: H207.62) for provident fund contributions and H48.78 (31 March 2024: H42.92) for superannuation fund contributions in the
Statement of Profit and Loss. The contributions payable to these plans by the Company are at rates specified in the rules of the schemes.

Defined benefit plans

The Company has provided for gratuity liability, for its employees as per actuarial valuation carried out by an independent actuary on the
balance sheet date. The valuation has been carried out using the Projected Unit Credit Method as per Ind AS 19 to determine the present
value of defined benefit obligations and the related current service cost. This is a defined benefit plan as per Ind AS 19.

The gratuity plan is governed by the provisions of the Payment of Gratuity Act, 1972 (as amended from time to time). Employees are entitled
to all the benefits enlisted under this act.

Valuations are performed on certain basic set of pre-determined assumptions and other regulatory framework which may vary overtime.
Thus, the Company is exposed to various risks in providing the above benefit which are as follows:

Interest rate risk

The plan exposes the Company to the risk of fall in interest rates. A fall in interest rates will result in an increase in the ultimate cost of providing
the above benefit and will thus result in an increase in the value of the liability as shown in financial statements.

Liquidity risk

This is the risk that the Company is not able to meet the short-term gratuity payouts. This may arise due to non availability of enough cash/
cash equivalents to meet the liabilities or holding of illiquid assets not being sold in time.

Salary escalation risk

The present value of the defined benefit plan is calculated with the assumption of salary increase rate of employees in future. Deviation in
the rate of interest in future for employees from the rate of increase in salary used to determine the present value of obligation will have a
bearing on the plan's liability.

Demographic risk

The Company has used certain mortality and attrition assumptions in valuation of the liability. The Company is exposed to the risk of actual
experience turning out to be worse compared to the assumption.

Regulatory risk

Gratuity benefits are paid in accordance with the requirements of the Payment of Gratuity Act,1972 (as amended from time to time). There is
a risk of change in regulations requiring higher gratuity payouts

Asset liability mismatching or market risk

The duration of the liability is longer compared to duration of assets, exposing the company to market risk for volatilities/fall in interest rate.

(ii) Fair value of financial assets and liabilities measured at amortised cost

The management assessed that for amortised cost instruments, fair value approximate largely to the carrying amount.

(iii) Fair value hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position 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 which maximise the use of observable market data and rely on as little
as possible on the entity specific estimates for the asset or liability, either directly or indirectly.

Level 3: unobservable inputs for the asset or liability.

The Company does not have any financial instrument designated at FVTPL or FVOCI to be valued as per level 1, level 2, level 3, hence
this disclosure is not presented.

Note 42 - Financial risk management

The Company's financial assets majorly comprise of trade receivables, investments, loans, cash and cash equivalents and Bank balances other
than cash. The Company's financial liabilities majorly comprises of borrowings, trade payables and lease liabilities.

The Company is primarily exposed to market risk, credit risk and liquidity risk arising out of operations. The Company's financial assets category
are summarised in Note 7 to 8, Note 11 - 13, and liabilities are summarised in Note 18 to 20 and Note 22.

The Company's risk management is coordinated at its headquarters, in close cooperation with the board of directors, and focuses on actively
securing the Company's short to medium-term cash flows by minimising the exposure to volatile financial markets. Long-term financial
investments are managed to generate lasting returns. The Company's risk management strategies focus on the unpredictability of these
elements and seek to minimise the potential adverse effects on its financial performance. The Company does not engage in the trading of
financial assets for speculative purposes nor does it write options. The most significant financial risks to which the Company is exposed are
described below.

(A) Credit risk analysis

Credit risk is the risk that a counterparty fails to discharge an obligation to the Company, resulting in a financial loss. The Company is
exposed to this risk for various financial instruments. The Company's maximum exposure to credit risk is limited to the carrying amount
of financial assets, as summarised below:

A1 Trade and other receivables

Trade receivables are typically unsecured and are derived from revenue earned from customers primarily located in India. Credit risk
has always been managed by the Company through credit approvals, establishing credit limits and continuously monitoring the
creditworthiness of customers to which the Company grants credit terms in the normal course of business. The Company's exposure
to customers is diversified and no single customer contributes to more than 10 percent of outstanding trade receivables. On account
of adoption of Ind AS 109, Financial Instruments, the Company uses expected credit loss model to assess the impairment loss or gain.
The provision for expected credit loss takes into account available external and internal credit risk factors and Company's historical
experience for customers.

Credit risk on trade receivables is limited due to the Company's diversified customer base which includes public sector enterprises
and reputed private corporates. For trade receivables, the Company computes expected credit loss allowance based on provision
matrix which is prepared considering customer's industry segment and historically observed overdue rate over expected life of trade
receivables , except for few customer where specific provisions is being created. The expected credit loss allowance is considered as a
percentage of net receivable position.

Note 42 - Financial risk management (contd.)

Financial assets that are past due but not impaired

There is no other class of financial assets that is past due but not impaired.

(B) Liquidity risk

Liquidity risk is that the Company might be unable to meet its obligations. The Company manages its liquidity needs by monitoring
scheduled debt servicing payments for long-term financial liabilities as well as forecast cash inflows and outflows due in day-to-day
business. The data used for analysing these cash flows is consistent with that used in the contractual maturity analysis below. Liquidity
needs are monitored in various time bands, usually on a month on month basis. Long-term liquidity needs for a 360-day lookout period
are identified monthly. Net cash requirements are compared to available borrowing facilities in order to determine headroom or any
shortfalls. This analysis shows that available borrowing facilities are expected to be sufficient over the lookout period.

The Company's objective is to maintain cash and marketable securities to meet its liquidity requirements for 30-day periods at a
minimum. This objective was met for the reporting periods. Funding for long-term liquidity needs is additionally secured by an adequate
amount of committed credit facilities and the ability to sell long-term financial assets.

The Company's non-derivative financial liabilities have undiscounted contractual maturities (including interest payments where
applicable) as summarised below:

(C) Market risk

The Company is exposed to market risk through its use of financial instruments and specifically to currency risk and interest rate risk,
which result from both its operating and investing activities.

Foreign currency sensitivity

The Company operates internationally and a significant portion of the business is transacted in USD, JPY, GBP and EURO currencies and
consequently the Company is exposed to foreign exchange risk through its sales and purchases from overseas suppliers in various foreign
currencies. The exchange rate between the rupee and foreign currencies has changed substantially in recent years and may fluctuate

Note 48 Other statutory information

1. The Company has 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:

i) 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

ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

2. 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) that the Company shall:

i) 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

ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

3. The Company has reviewed transactions to identify if there are any transactions with struck off companies. To the extent information is
available on struck off companies, there are no transactions with struck off companies.

4. 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.

5. The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

6. The creditors covered by Micro, Small and Medium Enterprises Development Act, 2006 ("the MSMED Act, 2006") have been identified on
the basis of information available with the Company.

7. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies
(Restriction on number of Layers) Rules, 2017.

8. The Company has not been declared wilful defaulter by any bank or financial Institution or other lender.

9. No charges or satisfaction yet to be registered with ROC beyond the statutory period.

10. No proceeding have been initiated on or is pending against the Company for holding benami property under the Benami Transactions
Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

Note 49 Previous period comparatives

Prior year amounts have been regrouped/reclassified wherever necessary, to conform to the current years' presentation. The impact of such
reclassification/regrouping is not material to the financial statements.

Note 50 Management note on Audit Trail

The Ministry of Corporate Affairs (MCA) has prescribed a requirement for companies under the proviso to Rule 3(1) of the Companies
(Accounts) Rules, 2014 inserted by the Companies (Accounts) Amendment Rules 2021 requiring companies, which uses accounting software
for maintaining its books of account, shall use only such accounting software which has a feature of recording audit trail of each and every
transaction, creating an edit log of each change made in the books of account along with the date when such changes were made and
ensuring that the audit trail cannot be disabled.

The Company uses the accounting software SAP for maintaining its books of account. During the year ended March 31, 2025, the
Company had not enabled the feature of recording audit trail (edit log) at the database level for the said accounting software to log
any direct data changes as it would impact database performance significantly. Audit trail (edit log) is enabled at the application
level as part of standard framework and the Company's users have access to perform transactions only from the application level.
Additionally, the audit trail has been preserved by the Company as per the statutory requirements for record retention where such feature
was enabled.

The accompanying notes form an integral part of these standalone financial statements

As per our report of even date attached

For Walker Chandiok & Co LLP For and on behalf of the Board of Directors of Yuken India Limited

Chartered Accountants

Firm Registration No.: 001076N/N500013

Lokesh Khemka Parabrahman Tadimalla Kaleginanaoor Chandrashekhar Sharma C P Rangachar

Partner Director Director Managing Director

Membership No.: 067878 DIN: 01392252 DIN: 09505130 DIN: 00310893

H M Narasinga Rao Suchithra R A Venkatakrishnan

Bengaluru Chief Financial Officer Company Secretary Cheif Executive Officer

Wednesday, 28 May 2025 ACS : 70262