(g) Provisions and Contingent Liabilities

Provisions are recognised when the Company has a present obligation (legal or constructive) as a
result of a 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. Provisions are measured at the best estimate of the expenditure required to settle the
present obligation at the reporting date.

Provisions are determined by discounting the expected future cash flows (representing the best
estimate of the expenditure required to settle the present obligation at the balance sheet date) at a
pre-tax rate that reflects current market assessments of the time value of money and the risks specific to
the liability. The unwinding of the discount is recognized as finance cost. Expected future operating
losses are not provided for.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the
existence of which will be confirmed only 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
arises from past events where it is either not probable that an outflow of resources will be required
to settle the obligation or a reliable estimate of the amount cannot be made.

(h) Employee benefits

(i) Short-term obligations

Short-term employee benefits are expensed as the related service is provided. A liability is
recognised for the amount expected to be paid if the Company has a present legal or
constructive obligation to pay this amount as a result of past service provided by the employee
and the obligation can be estimated reliably.

(ii) Other long-term employee benefit obligations

The liabilities for earned leave are encashed as at the end of the year in which the employees
render the related service.

(iii) Post-employment obligations

The Company operates the following post-employment schemes:

(a) defined benefit plans such as gratuity, and

(b) defined contribution plans such as provident fund.

Defined Obligation obligations

The following post - employment benefit plans are covered under the defined benefit plans:
Gratuity :

The Company's net obligation in respect of defined benefit plans is calculated by estimating the
amount of future benefit that employees have earned in the current and prior periods,
discounting that amount and deducting the fair value of any plan assets.

The calculation of defined benefit obligations is performed annually by a qualified actuary using
the projected unit credit method. When the calculation results in a potential asset for the
Company, the recognised asset is limited to the present value of economic benefits available in
the form of any future refunds from the plan or reductions in future contributions to the plan.

Defined contribution plans

The Company pays provident fund contributions to publicly administered provident funds as per
local regulations. The Company has no further payment obligations once the contributions have
been paid. The contributions are accounted for as defined contribution plans and the contributions
are recognised as employee benefit expense when they are due.

(j ) Dividends

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

(j) Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash at banks and on hand and short-term
deposits with an original maturity of three months or less, 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.

(k) Earnings per share

i) Basic earnings per share

Basic earnings per share is calculated by dividing the net profit for the period (excluding other
comprehensive income) attributable to equity share holders of the Company by the weighted
average number of equity shares outstanding during the financial year, adjusted for bonus
element in equity shares issued during the year.

ii) Diluted earnings per share

Diluted earnings per share is computed by dividing the net profit for the period attributable to
equity shareholders by the weighted average number of shares outstanding during the period
as adjusted for the effects of all diluted potential equity shares except where the results are anti
dilutive

(l) Statement of Cash flow

Statement of Cash flow is prepared segregating the cash flows from operating, investing and
financing activities. Cash flow from operating activities is reported using indirect method. Under the
indirect method, the net surplus is adjusted for the effects of changes during the period in
inventories, operating receivables and payables transactions of a non-cash nature.

I. Non-cash items such as depreciation, provisions, deferred taxes, unrealised foreign currency
gains and losses, and undistributed profits of associates; and

ii. All other items for which the cash effects are investing or financing cash flows.

(m) Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest in
thousands as per the requirement of Schedule III, unless otherwise stated.

Note 3: Key accounting estimates and judgements

The preparation of financial statements requires management to make judgments, estimates and
assumptions in the application of accounting policies that affect the reported amounts of assets,
liabilities, income and expenses. Actual results may differ from these estimates. Estimates and
underlying assumptions are reviewed on ongoing basis. Any changes to accounting estimates
are recognized prospectively. Information about critical judgments in applying accounting policies,
as well as estimates and assumptions that have the most significant effect on the amounts
recognised in the financial statements are included in the following notes:

a) Provision and contingent liability: On an ongoing basis, Company reviews pending cases, claims by
third parties and other contingencies. For contingent losses that are considered probable, an
estimated loss is recorded as an accrual in financial statements. Loss Contingencies that are
considered possible are not provided for but disclosed as Contingent liabilities in the financial
statements. Contingencies the likelihood of which is remote are not disclosed in the financial
statements.Gain contingencies are not recognized until the contingency has been resolved and
amounts are received or receivable.

b) Allowance for impairment of financial asset: Judgements are required in assessing the recoverability
of overdue loans and determining whether a provision against those loans is required. Factors
considered include the aging of past dues, value of collateral and any possible actions that can be
taken to mitigate the risk of non-payment.

c) Recognition of deferred tax assets: Deferred tax assets are recognised for unused tax-loss carry
forwards and unused tax credits to the extent that realisation of the related tax benefit is probable.
The assessment of the probability with regard to the realisation of the tax benefit involves
assumptions based on the history of the entity and budgeted data for the future.

d) Defined benefit plans: The cost of defined benefit plans and the present value of the defined benefit
obligations are based on actuarial valuation using the projected unit credit method. An actuarial
valuation involves making various assumptions that may differ from actual developments in the
future. These include the determination of the discount rate, future salary increases and mortality
rates. Due to the complexities involved in the valuation and its long - term nature, a defined benefit
obligation is highly sensitive to changes in these assumptions.

e) Property, plant and equipment and Intangible Assets: Management reviews the estimated useful
lives and residual values of the assets annually in order to determine the amount of depreciation to
be recorded during any reporting period. The useful lives and residual values as per schedule II of
the Companies Act, 2013 or are based on the Company's historical experience with similar assets
and taking into account anticipated technological changes, whichever is more appropriate.

* The Company consider that as per their actual credit loss experience over the preceeding three to five
years there is negligible risk with respect to trade receivalbles. Hence, the company has not calculated
ECL on the balance of trade receivable.

**No trade or other receivable are due from directors or other officers of the company either severally or
jointly with any other person. Nor any trade or other receivable are due from firms or private companies
respectively in which any director is a partner, a director or a member.

b) Terms / Right attached to shares

i) The company has one class of equity shares having a par value of Rs. 10 per share. Each
shareholder is eligible for one vote per share held. The dividend proposed by the Board of directors is
subject to the approval of the shareholders in the ensuing AGM, except in case of interim dividend. In
the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the
company after distribution of all prefrential amounts, in proportion to their shareholding.

ii) In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the
company after distribution of all preferential amounts, in proportion to their shareholding.

c) In the period of five years immediately preceding 31st March, 2025 :

i. The Company has not allotted any bonus shares.

ii. The Company has not allotted any equity shares as fully paid up without payment being received in
cash.

Note 33 : Lease

The Company claim exemption from recognizing impact of Ind AS 116 'Leases'. The exempion can be
availed only when the lessee has entered into:

i) Short-term lease and

ii) Lease for which underlying asset is of low value

For above exemption, short term lease means a lease having lease term of 12 months or less and does
not include an option to purchase the underlying asset. The Company have entered into lease
agreements that have lease term of less than 12 months.The Company has also given refundable
interest free security deposits under certain agreements.

Lease Payments are recognised as per lessee's policy in the statement of Profit and Loss under 'Other
Expenses' in Note no. 28. Rent expenses of Rs. 77,65.35/- (Previous year- Rs. 70,84.50/-) in respect of
obligation under operating leases.

b) Compensation of key management personnel of the Company

Key management personnel are those individuals who have the authority and responsibility for planning and
exercising power to directly or indirectly control the activities of the Company and its employees. The Company
includes the members of the Board of Directors which include independent directors (and its sub-committees)
and Executive Committee to be key management personnel for the purposes of Ind AS 24 Related Party
Disclosures.

c) Transactions with key management personnel of the Company

The Company enters into transactions, arrangements and agreements involving directors, senior
management and their business associates, or close family members, in the ordinary course of
business under the same commercial and market terms, interest and commission rates that apply to
non-related parties.

(A) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate
because of change in market prices. Market risk comprises three types of risk: foreign currency
risk, interest rate risk and other price risk such as equity price risk and commodity/real estate risk.

(i) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will
fluctuate because of changes in foreign Foreign currrency Risk Management.

In respect of the foreign currency transactions, the company does not hedge the exposures
since the management believes that the same is insignificant in nature and will not have a
material impact on the Company.

(ii) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will
fluctuate because of change in market interest rates. The management is responsible for the
monitoring of the Company' interest rate position. Various variables are considered by the
management in structuring the Company's borrowings to achieve a reasonable and
competitive. In respect of fluctuating interest rate, the company does not have any borrowings
from banks and financial institution and therefore the company is not significantly exposed to
interest rate risk.

(iii) Market price risk

The Company is exposed to market price risk, which arises from FVTPL and FVOCI
investments. The management monitors the proportion of these investments in its investment
portfolio based on market indices. Material investments within the portfolio are managed on an
individual basis and all buy and sell decisions are approved by the appropriate authority.

(B) Credit risk

Credit risk is the risk that the Company will incurr a loss because its customers or counterparties
fail to discharge their contractual obligation. The Company manages and controls credit risk by
setting limits on the amount of risk it is willing to accept for individual counterparties, and by
monitoring exposures in relations to such limits.

Other financial assets like security deposits, loans and bank deposits are mostly with exchange, lease
rent and banks and hence, there is negligible credit risk with respect to them.

The carrying amount of financial assets represents the maximum credit exposure.

C) Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations
on time or at reasonable price. Prudent liquidity risk management implies maintaining sufficient
cash and marketable securities and the availability of funding through an adequate amount of credit
facilities to meet obligations when due. The Company's finance team is responsible for liquidity,
funding as well as settlement management. In addition, processes and policies related to such risks
are overseen by senior management. Management monitors the Company's liquidity position
through rolling forecasts on the basis of expected cash flows.

The tables have been drawn up based on the undiscounted cash flows of financial liabilities based
on the earliest date on which the Company can be required to pay. In the table below, borrowings
include both interest and principal cash flows.

The management assessed that the fair value of cash and cash equivalent, and other current financial
assets and liabilities approximate their carrying amounts largely due to the short term maturities of these
instruments.

Level 1: The fair value of financial instruments traded in active markets (such as publicly traded
derivatives, and equity securities) is based on quoted market prices at the end of the reporting period.
The quoted market price used for financial assets held by the group is the current bid price. These
instruments are included in level 1.

Level 2: The fair value of financial instruments that are not traded in an active market is determined
using valuation techniques which maximise the use of observable market data and rely as little as
possible on entity-specific estimates. If all significant inputs required to fair value an instrument are
observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument
is included in level 3. This is the case for investment in private equity funds, real estate funds.

ii. Valuation technique used to determine fair value

Specific Valuation techniques used to value financial instruments include:

- the use of quoted market prices or dealer quotes for similar instruments

- the fair value of unquoted equity instruments has been measured on the basis of their networth and
valuation of their shares.

- the fair value of equity shares of group companies are measured at cost.

- the fair value of the remaining financial instruments is determined using discounted cash flow analysis

iii. Valuation processes

The finance department of the company includes a team that performs the valuations of financial assets
and liabilities required for financial reporting purposes, including level 3 fair values.

Note 41 : Capital Management

The Company manages its capital to ensure that the Company will be able to continue as going
concern while maximizing the return to stakeholder through the optimization of the debt and equity
balance.

For the purpose of the Company's capital management, capital includes issued capital and other equity
reserves. The primary objective of the Company's capital management is to maximize shareholders
value. The Company manages its capital structure and makes adjustments in the light of changes in
economic environment and the requirements of the financial covenants.

Note 42 : Other Statutory Information

i) Details of Crypto Currency

The Company has neither traded or nor invested in crypto currency or virtual currency during the
current financial year or previous financial year.

ii) Compliance with the number of layer of companies

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

iii) Details of Benami Property

No proceedings have 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 thereunder

iv) Declaration regarding Wilful Defaulter

The company is not declared as wilful defaulter by any bank or financial Institution or other lender
during the current financial year or previous financial year.

v) Details regarding Loans and Advances

a) The company has not granted any loans or advances in the nature of loans to promoters, directors,
KMPs and the related parties (as defined under Companies Act, 2013), which are either repayable on
demand or without specifying any terms or period of repayment during the current financial year or
previous financial year.

b) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or
any other sources or kind of funds) by the company 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, whether, 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

c) No funds have been received by the company from any person or entity, including foreign entities
(‘Funding Parties'), with the understanding, whether recorded in writing or otherwise, that the company
shall, whether, 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

vi) Declaration regarding Borrowed funds

a) The company has not taken any borrowings from banks and thus there is no use for the funds being
used for the specific purpose for which it was taken at the balance sheet date.

b) The company has not taken any borrowings from banks on the basis of security of Current assets during
the current financial year or previous financial year.

c) The company has not taken any secured borrowings during the current financial year or previous
financial year accordingly there is no requirement for charge or satisfaction of charges is to be registered
withl ROC.

vii) Compliance with Approved scheme of Arrangements

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to
237 of the Companies Act, 2013.