(i) Provisions and Contingent Liabilities:

A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of resources

will be required to settle the obligation in respect of which a reliable estimate can be made. If effect of the time value of money is
material, provisions are discounted using an appropriate discount rate that reflects, when appropriate, the risks specific to the liability.
When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

Contingent liabilities are disclosed in the Notes to the Standalone Financial Statements. Contingent liabilities are disclosed for:

i) possible obligations which will be confirmed only by future events not wholly within the control of the Company, or

ii) present obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation
or a reliable estimate of the amount of the obligation cannot be made.

(ii) Onerous Contracts

Present obligations arising under onerous contracts are recognised and measured as provisions. However, before a separate provision for an
onerous contract is established, the Company recognises any write down that has occurred on assets dedicated to that contract. An onerous
contract is considered to exist where the Company has a contract under which the unavoidable costs of meeting the obligations under the
contract exceed the economic benefits expected to be received from the contract. The unavoidable costs under a contract reflect the least
net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to
fulfil it. The cost of fulfilling a contract comprises the costs that relate directly to the contract (i.e., both incremental costs and an allocation of
costs directly related to contract activities).

(j) Revenue Recognition:

(i) Sale of Products

The Company recognises revenue when (or as) The Company satisfies a performance obligation by transferring the promised goods or
services to a customer. The promised good or service is transferred when (or as) the customer obtains control over a good or service and
revenue is recognised at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods
or services. Revenue is reported net of taxes and duties as applicable.

For sale of goods, the Company recognises revenue when it transfers control of goods to the customer. Control is passed on to the customer
when goods are dispatched from Company's premises or as per terms with customers.

For sale of services, the Company recognises reveriue as or when the performance obligation in relation the service is satisfied by the
Company based on terms of the agreements with customers and there are no unfulfilled obligations.

Revenue in excess of invoices are classified as unbilled revenue, while invoicing in excess of revenue are classified income received in
advance.

(ii) Other Operating Revenue

Other claims are recognised when its amount can be measured reliably, and ultimate collection is reasonably certain.

Interest income is recognised on a basis of effective interest method as set out in Ind AS 109, Financial Instruments, and where no significant
uncertainty as to measurability or collectability exists.

Export Incentives under various schemes are accounted in the year of export on accrual basis.
k) Employee Benefits:

(i) Short term employee benefits

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) Defined contribution plans

Obligations for contributions to defined contribution plans are expensed as the related service is provided and the Company will have no
legal or constructive obligation to pay further amounts. Prepaid contributions are recognised as an asset to the extent that a cash refund or a
reduction in future payments is available.

(iii) Defined benefit plans

The Company's net obligation in respect of defined benefit plans is calculated separately for each plan 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 periodically by an independent 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. To calculate the present value of economic
benefits, consideration is given to any applicable minimum funding requirements.

Remeasurement of the net defined benefit liability, which comprise actuarial gains and losses and the return on plan assets (excluding
interest) and the effect of the asset ceiling (if any, excluding interest), are recognised immediately in other comprehensive income (OCI).
Net interest expense (income) on the net defined liability (asset) is computed by applying the discount rate, used to measure the net
defined liability (asset). Net interest expense and other expenses related to defined benefit plans are recognised in Statement of Profit
and Loss.

When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service or the gain or
loss on curtailment is recognised immediately in Statement of Profit and Loss. The Company recognises gains and losses on the settlement of
a defined benefit plan when the settlement occurs."

(iv) Other long-term employee benefits

The Company's net obligation in respect of long-term employee benefits is the amount of future benefit that employees have earned in
return for their service in the current and prior periods. The obligation is measured on the basis of a periodical independent actuarial
valuation using the projected unit credit method. Remeasurement are recognised in Statement of Profit and Loss in the period in which they
arise.

(l) Leases:

At inception of a contract, the Company assesses whether a contract is, or contains, a lease. 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 uses the definition of a lease in Ind AS 116.

Company as a lessee

The Company accounts for each lease component within the contract as a lease separately from non-lease components of the contract and
allocates the consideration in the contract to each lease component on the basis of the relative stand-alone price of the lease component
and the aggregate stand-alone price of the non-lease components.

The Company recognises right-of-use asset representing its right to use the underlying asset for the lease term at the lease commencement
date. The cost of the right-of-use asset measured at inception shall comprise of the amount of the initial measurement of the lease liability
adjusted for any lease payments made at or before the commencement date less any lease incentives received, plus any initial direct costs
incurred and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset or restoring the underlying
asset or site on which it is located. The right-of-use assets is subsequently measured at cost less any accumulated depreciation, accumulated
impairment losses, if any and adjusted for any remeasurement of the lease liability. The right-of-use assets is depreciated using the straight¬
line method from the commencement date over the shorter of lease term or useful life of right-of-use asset. The estimated useful lives of
right-of- use assets are determined on the same basis as those of property, plant and equipment. Right-of-use assets are tested for
impairment whenever there is any indication that their carrying amounts may not be recoverable. Impairment loss if any, is recognised in
the statement of profit and loss.

The Company measures the lease liability at the present value of the lease payments that are not paid at the commencement date of the
lease. The lease payments are discounted using the interest rate implicit in the lease, If that rate cannot be readily determined, the Company
uses incremental borrowing rate, Generally, the Company uses its incremental borrowing rate as the discount rate. The Company
determines its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain
adjustments to reflect the terms of the lease and type of the asset leased. For leases with reasonably similar characteristics, the Company,
on a lease-by-lease basis, may adopt either the incremental borrowing rate specific to the lease or the incremental borrowing rate for the
portfolio as a whole. The lease payments shall include fixed payments, variable lease payments, residual value guarantees, exercise price of
a purchase option where the Company is reasonably certain to exercise that option and payments of penalties for terminating the lease, if
the lease term reflects the lessee exercising an option to terminate the lease. The lease liability is subsequently remeasured by increasing
the carrying amount to reflect interest on the lease liability, reducing the carrying amount to reflect the lease payments made and
remeasuring the carrying amount to reflect any reassessment or lease modifications or to reflect revised in-substance fixed lease payments.
The company recognises the amount of the re-measurement of lease liability due to modification as an adjustment to the right-of-use asset
and statement of profit and loss depending upon the nature of modification. Where the carrying amount of the right-of-use asset is reduced
to zero and there is a further reduction in the measurement of the lease liability, the Company recognises any remaining amount of the re¬
measurement in statement of profit and loss.

The Company has elected not to apply the requirements of Ind AS 116 Leases to short-term leases of all assets that have a lease term of 12
months or less and leases for which the underlying asset is of low value. The lease payments associated with these leases are recognized as
an expense on a straight-line basis over the lease term.

Company as a Lessor

Leases for which the Company is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially
all the risks and rewards of ownership to the leessee, the contreact is classified as a finannce lease. All other leases are classified as operating
leases.

(m) Cash and Cash equivalents:

Cash comprises cash on hand, current accounts and deposits with banks. Cash equivalents are short-term balances (with an original maturity

of three months or less from the date of acquisition), current investments that are convertible into known amounts of cash and which
are subject to insignificant risk of changes in value.

(n) Borrowing costs:

Borrowing costs are interest and other costs that the Company incurs in connection with the borrowing of funds and is measured with
reference to the effective interest rate (EIR) applicable to the respective borrowing. Borrowing costs include interest costs measured at EIR
and exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest cost.

Borrowing costs, allocated to qualifying assets, pertaining to the period from commencement of activities relating to
construction/development of the qualifying asset up to the date of capitalisation of such asset are added to the cost of the assets.
Capitalisation of borrowing costs is suspended and charged to the Statement of Profit and Loss during extended periods when active
development activity on the qualifying assets is interrupted.

All other borrowing costs are recognised as an expense in the period in which they are incurred.

(o) Government Grants:

Government grants are initially recognised at fair value if there is reasonable assurance that they will be received and the Company will
comply with the conditions associated with the grant.

(p) Earnings per share:

Basic earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares outstanding during the
year. The weighted average number of equity shares outstanding during the year is adjusted for the events for bonus issue, bonus element in
a rights issue to existing shareholders, share split and reverse share split (consolidation of shares).

Diluted earnings per share is computed by dividing the profit/(loss) after tax as adjusted for dividend, interest and other charges to expense
or income (net of any attributable taxes) relating to the dilutive potential equity shares, by the weighted average number of equity shares
considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on
conversion of all dilutive potential equity shares. The calculation of diluted earnings per share does not assume conversion, exercise, or
other issue of potential ordinary shares that would have an antidilutive effect on earnings per share.

(q) Contributed equity

Equity shares are classified as equity share capital Incremental costs directly attributable to the issue of new shares or options are shown in
equity as a deduction, net of tax, from the proceeds.

(r) Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The
Chief Operating Decision Maker (CODM) reviews the operations of the Company as contrent manufacturing. Consequently, no separate
segment information has been furnished.

(s) 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.

(t) Business Combination

Business Combinations are accounted for using the acquisition accounting method as at the date of the acquisition, which is the date at
which control is transferred to the Company. The consideration transferred in the acquisition and the identifiable assets acquired and
liabilities assumed are recognised at fair values on their acquisition date. Goodwill is initially measured at cost, being the excess of the
aggregate of the consideration transferred and the amount recognised for non-controlling interests, and any previous interest held, over the
net identifiable assets acquired and liabilities assumed, Consideration transferred does not include amounts related to settlement of pre¬
existing relationships. Such amounts are recognised in the Statement of Profit and Loss. Transaction costs are expensed as incurred, other
than those incurred in relation to the issue of debt or equity securities. Any contingent consideration payable is measured at fair value at the
acquisition date. Subsequent changes in the fair value of contingent consideration are recognised in the Statement of profit and loss.

Business Combinations under common control are accounted as per Appendix C in Ind AS 103 - Business combinations, at carrying amount of
assets and liabilities acquired and any excess of consideration issued over the net assets acquired is recognised as capital reserve on
common control business combination.

(u) Goods and Services tax input credit:

Goods and Services tax input credit is accounted for in the books in the period in which the underlying goods/service received is accounted
and when there is reasonable certainty in availing/utilising the credits.

(v) Operating cycle:

Based on the nature of products/activities of the Company and the normal time between acquisition of assets and their realisation in cash or
cash equivalents, the Company has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as
current and non-current as set out in Schedule III of the Act.

(w) Financial Instruments:

I. Financial Assets

(i) Classification

On initial recognition the Company classifies financial assets as subsequently measured at amortised cost, fair value through other
comprehensive income or fair value through profit or loss on the basis of its business model for managing the financial assets and the
contractual cash flow characteristics of the financial asset.

(ii) Financial assets at amortised cost

A 'financial asset' is measured at the amortised cost if both the following conditions are met:

i) the asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and

ii) 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.

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 and fees or costs that are an integral part of the EIR. The EIR
amortisation is included in finance income in the Statement of Profit and Loss. The losses arising from impairment are recognised in the
Statement of Profit and Loss. This category generally applies to trade and other receivables.

Financial assets included within the fair value through profit and loss (FVTPL) category are measured at fair value with all changes recognized
in the Statement of Profit and Loss.

(iii) Equity investments (Shares and Mutual Funds)

All equity investments in scope of Ind AS 109 are measured at fair value. Equity instruments (Including Mutual funds) are classified as at Fair
Value Thorugh profit and Loss Account (FVTPL). Mutual funds included within the non-current investments are measured at fair value with
all changes recognized in the Statement of Profit and Loss.

(iv) Investments in Subsidiaries, Associates and Joint ventures

Investments in subsidiaries, associates and joint venture are carried at cost less accumulated impairment losses, if any. Where an indication
of impairment exists, the carrying amount of the investment is assessed and written down immediately to its recoverable amount. On
disposal of investments in subsidiaries, associates and joint venture, the difference between net disposal proceeds and the carrying
amounts are recognized in the statement of profit and loss.

(v) Investments in Preference Shares

Investments in Preference shares are measured at Amortised Cost.

(vi) Derecognition

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

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

- 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.

(vii) Impairment of financial assets

In accordance with Ind AS 109, the Company applies Expected Credit Loss (ECL) model for measurement and recognition of impairment loss
on the following financial assets and credit risk exposure:

i) financial assets that are debt instruments, and are measured at amortised cost e.g., loans, debt securities, deposits, and bank balance.

ii) trade receivables.

The Company follows 'simplified approach' for recognition of impairment loss allowance on trade receivables which do not contain a
significant financing component.

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 ECLs at each reporting date, right from its initial recognition.

II. Financial Liabilities

(i) Classification

The Company classifies all financial liabilities as subsequently measured at amortised cost, except for financial liabilities measured at fair
value through profit or loss. Such liabilities, including derivatives that are liabilities, are subsequently measured at fair value with changes in
fair value being recognised in the Statement of Profit and Loss.

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, at amortised cost (loans,
borrowings and payables) or as derivatives designated as hedging instruments in an effective hedge, as appropriate.

All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable
transaction costs.

The Company's financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, financial guarantee
contracts and derivative financial instruments.

(ii) Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon
initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the
purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the Company that are
not designated as hedging instruments in hedge relationships as defined by Ind AS 109. Separated embedded derivatives are also classified
as held for trading unless they are designated as effective hedging instruments.

Gains or losses on liabilities held for trading are recognised in the Statement of Profit and Loss.

Financial liabilities designated upon initial recognition at fair value through profit or loss are designated at the initial date of recognition, and only
if the criteria in Ind-AS 109 are satisfied. For liabilities designated as FVTPL, fair value gains/losses attributable to changes in own credit risk are
recognized in OCI. These gains/losses are not subsequently transferred to Statement of Profit and Loss. However, the Company may transfer the
cumulative gain or loss within equity. All other changes in fair value of such liability are recognised in the Statement of Profit and Loss.

(iii) Loans and borrowings

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR method. Gains
and losses are recognised in Statement of Profit and Loss when the liabilities are derecognised.

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 as finance costs in the Statement of Profit and Loss.

This category generally applies to interest-bearing loans and borrowings.

(iv) Derecognition

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.

(v) Embedded derivatives

If the hybrid contract contains a host that is a financial asset within the scope Ind-AS 109, the Company does not separate of embedded
derivatives. Rather, it applies the classification requirements contained in Ind AS 109 to the entire hybrid contract. Derivatives embedded in
all other host contracts are accounted for as separate derivatives and recorded at fair value if their economic characteristics and risks are not
closely related to those of the host contracts and the host contracts are not held for trading or designated at fair value through profit or loss.
These embedded derivatives are measured at fair value with changes in fair value recognised in Statement of Profit and Loss, unless
designated as effective hedging instruments. Reassessment only occurs if there is either a change in the terms of the contract that
significantly modifies the cash flows.

(vi) Offsetting of financial instruments

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.

III. Fair Value Measurement

The Company determines the fair value of its financial instruments on the basis of the following hierarchy:

(a) Level 1: The fair value of financial instruments quoted in active markets is based on their quoted closing price at the balance sheet date.

(b) Level 2: The fair value of financial instruments that are not traded in an active market is determined by using valuation techniques using
observable market data. Such valuation techniques include discounted cash flows, standard valuation models based on market parameters
for interest rates, yield curves or foreign exchange rates, dealer quotes for similar instruments and use of comparable arm's length
transactions.

(c) Level 3: The fair value of financial instruments that are measured on the basis of entity specific valuations using inputs that are not based
on observable market data (unobservable inputs).

IV Recent Accounting Pronouncements

No new amendments to Ind AS has been notified by the Ministry of Coprporate Affarirs ("MCA") during the current financials year.

Note - 32

Offsetting financial assets and financial liabilities

There are no offsetting arrangements of Financial Assets and Financial Liabilities.

Note - 33

Financial instruments - Fair values and risk management
A. Accounting classification and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value
hierarchy. It does not include fair value information for financial assets and financial liabilities if the carrying amount is a reasonable
approximation of fair value.

A substantial portion of the Company's long-term debt has been contracted at floating rates of interest, which are reset at short intervals.
Accordingly, the carrying value of such long-term debt approximates fair value.

B. Measurement of fair values

Valuation techniques and significant unobservable inputs

Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:

Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly
(i.e. derived from prices).

Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

The following tables show the valuation techniques used in measuring Level 2 and Level 3 fair values, as well as the significant unobservable
inputs used.

Note - 34

Financial instruments - Fair values and risk management
Financial risk management

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

(i) Market risk

(a) Currency risk;

(b) Interest rate risk;

(c) Commodity Risk;

(d) Equity Risk;

(ii) Credit risk ; and

(iii) Liquidity risk ;

Risk management framework

The Company's activities expose it to a variety of financial risks, including market risk, credit risk and liquidity risk. The Company's primary risk
management focus is to minimize potential adverse effects of risks on its financial performance. The Company's risk management assessment
policies and processes are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to
monitor such risks and compliance with the same. Risk assessment and management these policies and processes are reviewed regularly to
reflect changes in market conditions and the Company's activities. The Board of Directors and the Audit Committee are responsible for
overseeing these policies and processes.

(i) Market risk

Market risk is the risk of changes the market prices on account of foreign exchange rates, interest rates and product prices, which shall affect the

Company's income or the value of its holdings of its financial instruments . The objective of market risk management is to manage and control
market risk exposure within acceptable parameters, while optimising the returns.

(a) Currency risk

The Company does not have any foreign currency exposure, accordingly there is no currency risks.

(b) 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 changes in market interest
rates. The Company does not have any interest bearing Loan.

Interest rate sensitivity - fixed rate instruments Nil

Interest rate sensitivity - variable rate instruments

A reasonably possible change of 100 basis points in interest rates at the reporting date would have increased/(decreased) equity and profit or
loss by amounts shown below. This analysis assumes that all other variables, in particular, foreign currency exchange rates, remain constant. This
calculation also assumes that the change occurs at the balance sheet date and has been calculated based on risk exposures outstanding as at
that date. The period end balances are not necessarily representative of the average debt outstanding during the period.

(c) Commodity risk

The Company does not deal in Commodities. Accordingly, there is no Commodity risk.

(d) Equity risk

The Company does not have any investments. Accordingly, there is no Equity risk.

Note - 35

Capital Management

The Company's policy is to maintain a strong capital base so as to maintain investor, creditor and market confidence and to sustain future
development of the business. Management monitors the return on capital as well as the level of dividends to ordinary shareholders.

The Company monitors capital using a ratio of 'adjusted net debt' to 'adjusted equity'. For this purpose, adjusted net debt is defined as total
liabilities, comprising interest-bearing loans and borrowings and obligations under finance leases, less cash and cash equivalents. Equity
comprises of Equity share capital and other equity.

The Company's policy is to keep the ratio at optimum level. The Company's adjusted net debt to equity ratio was as follows.

(MV(T1) - MV(T0) - Sum [C(t)])/(MV(T0) Sum [W(t) * C(t)])
where,

T1 = End of time period

TO = Beginning of time period

T = Specific date fatting between T1 and T0

MV(T1) = Market Value at T1

MV(T0) = Market Value at T0

C(t) = Cash inflow, cash outflow on specific date

W(t) = Weight of the net cash flow (i.e. either net inflow or net outflow) on day 't', calculated as [T1 - t]/T1
Note - 37

The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards Provident
Fund and Gratuity. The Ministry of Labour and Employment had released draft rules for the Code on Social Security, 2020 on November 13, 2020.
The Company will assess the impact and its evaluation once the subject rules are notified. The Company will give appropriate impact in its
financial statements in the period in which,the Code becomes effective and the related rules to determine the financial impact are published.

Note - 38

Compliance With Approved Schemes Of Arrangements

During the year the Company has not entered any scheme of arrangements.

Note - 39

Disclosure Of Transactions With Struck Off Companies

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of
Companies Act, 1956 during the financial year.

Note - 40

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

(a) Crypto Currency or Virtual Currency

(b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

(c) Registration of charges or satisfaction with Registrar of Companies

(d) Title deeds of Immovable Properties not held in name of the Company.

(e) Relating to borrowed funds:

(i) Wilful defaulter

(ii) Utilisation of borrowed funds & share premium

(iii) Borrowings obtained on the basis of security of current assets

(iv) Discrepancy in utilisation of borrowings

(v) Current maturity of long term borrowings

Note - 41

No funds have been advanced/loaned/invested (from borrowed funds or from share premium or from any other sources/kind of funds) by the
Company to any other person(s) or entity(ies), including foreign entities (Intermediaries), with the understanding (whether recorded in writing
or otherwise) 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.

No funds have been received by the Company from any person(s) or entity(ies), including foreign entities (Funding Parties), 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

Note - 42

The Company has complied with the requirements of the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013
read with Companies (Restriction on number of Layers) Rules, 2017.

Note - 43

Loans or Advances granted to promoters, directors, KMPs and the related parties, either severally or jointly with any other person that are
repayable on demand or without specifying any terms or period of repayment

Note - 44

Previous Year figures have been recasted/restated wherever necessary including those as required in keeping with revised schedule III
amendments.

As per our report of even date attached For and on behalf of the Board of Directors

For Arora A & Co.

Chartered Accountants

Firm Registration Number: 025530C

CA Atul Arora R.K Tekriwal Meera Tekriwal

Proprietor Managing Director Director

Membership no. 437443 DIN : 00011492 DIN : 02014492

Indore, May 30, 2024