2.12 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Provisions involving substantial degree of estimation in measurement are recognized when
there is a present obligation as a result of past events and it is probable that there will be as
outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes.
Contingent Assets are neither recognized nor disclosed in the financial statements.

2.13 EARNING PER SHARE:

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

Diluted earnings per share is computed by dividing the net profit or loss for the year
attributable to the equity shareholders, by weighted average number of equity and
equivalent diluted equity shares outstanding during the year except where the results would
be anti dilutive.

2.14 CORPORATE SOCIAL RESPONSIBILITY

Section 135 of the Companies Act, 2013 is not applicable to the Company during the financial
year as the turnover and net profit in the preceeding financial year doesnot cross the limits as
specified in this Act.

FINANCIAL RISK MANAGEMENT:

The Company has exposure to the following risks arising from financial instruments:

. Market risk
. Liquidity risk
.Credit risk

In the course of its business, the Company is exposed primarily to aforesaid risks, which may
impact the fair value of its financial instruments. The Company has risk management system.

A) Market Risk:

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

A) Market Risk:

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

B) Liquidity Risk:

The Company's principal sources of liquidity are cash and cash equivalents and cash
flow generated from operations. The Company regularly monitors actual cash flows and
forecast to ensure that the Company maintains sufficient liquidity to meet the operation
needs.

C) Credit Risk:

Credit risk is the unexpected loss in financial instruments if the counter parties fail to
discharge its contractual obligations in entirely and timely. The Company is exposed to
credit risks arising from its operating and financing activities such as trade receivable,
loans and advances and other financial instruments. The carrying amounts of financial
assets represent the maximum credit exposure.

Trade Receivables:

Credit risk on trade receivables is limited due to the Company's diversified customer base.
Other Financial Assets:

The Company does not have significant credit risk from loans and advances given.

29 DISCLOSURE PURSUANT TO INDIAN ACCOUNTING STANDARDS (IND AS) 108
OPERATING STATEMENT :

The Company is engaged in the business of Bearings, which as per Ind AS-108. On Segment
Reporting it is as it considered to be the only reportable business segment, the Company is
operating in the same geographical segment. Therefore Segment wise reporting is not
applicable.

35 Figures of the Previous Year have been regrouped/ recasted wherever necessary to
correspond with the current years’ classification/disclosure.

As per our attached Report of even date

For PAMS & ASSOCIATES For and on behalf of the Board

Chartered Accountants
(FRN. 316079W)

Sd/- Sd/- Sd/-

(MANORANJAN MISHRA) PR1YANKBHAI

VASANTBHAI GHELANI NISHITH TRIVEDI

Partner (M.No.063698) Managing Director & Director

CFO DIN:10332082

DIN :10989804

Sd/-

Place: Mumbai ASHA PAL

(Membership No: A58325)

Dated: 17/05/2025 Company Secretary