16.2 The Board of Directors have recommended Final Dividend of Rs. 12/- per share (March 31, 2025 Rs. 12/-per share) which is subject to approval of shareholders at the A.G.M.

16.3 Nature and purpose of reserves

a Capital Reserve: This reserve represents amount of State Cash Subsidy on fixed capital investment received from State government.

b Securities Premium Reserve : This reserve represents amount received in excess of face value of the equity shares recognised as Share Premium.

c Capital Redemption Reserve: This reserve represents amount transferred for the preference shares redeemed.

d General Reserve : This reserve represents a portion of the net profit transferred to general reserve before declaring dividend.

e Retained Earnings : Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, dividends or other distributions paid to shareholders.

f Items of Other Comprehensive Income:

(i) Remeasurements of the defined benefit plans.

(ii) Fair Valuation of Equity Instruments.

18.1 During the year, the Company has made provision for Minimum Alternate Tax (MAT) amounting to Rs. 50.50 lakhs. The said amount, along with an amount of Rs. 11.23 lakhs relating to FY 2024-25, has been recognised as MAT credit entitlement basis expected recovery of the same during the MAT credit period.

18.2 During the year, deferred tax assets on unabsorbed depreciation/business loss had been recognised to the extent of deferred tax liabilities on taxable temporary differences available. During the current year, deferred tax on entire unabsorbed depreciation/business loss have been recognised based on reasonable evidence of future taxable profits.

19.1 Cash Credit from Bank of Baroda, DBS Bank India Ltd. and ICICI Bank Ltd. are Secured by way of a pari passu charge by Hypothecation of Stocks of raw material, Work-in-Progress, Finished Goods, Book Debts, Stores & Spares and Movable Machinery at Kanjari and Anand. The cash credit accounts are further secured by the first charge by way of equitable mortgage on the Company’s factory land and building of Metal Can Division situated at village Kanjari & Office premises situated at Anand, in the state of Gujarat.

Applicable Rate of Interest is ranging from 7.75% p.a. to 10.90% p.a. (March 31, 2025: 8.75% p.a. to 10.00% pa.).

19.2 There were no material discrepancies were observed in books of accounts and amounts reported in quarterly statement submitted by the company to banks. Further, there is no default by the Company in filing above statement with Banks.

19.3 The Company has satisfied all the covenants prescribed in terms of borrowings.

28A Disclosure as required under Ind AS 19 - Employee Benefits

[A] Defined contribution plans:

The Company makes contributions towards provident fund and superannuation fund to defined contribution retirement benefit plan for qualifying employees. The provident fund contributions are made to Government administered Employees Provident Fund. Both the employees and the Company make monthly contributions to the Provident Fund Plan equal to a specified percentage of the covered employee’s salary.

The superannuation fund is administered by the Life Insurance Corporation of India. Under the plan, the Company is required to contribute a specified percentage of the covered employee’s salary to the retirement benefit plan to fund the benefits.

The Company recognised Rs. 56.46 lakhs ( for March 31,2025 Rs. 56.57 lakhs) for provident fund contributions in the Statement of Profit and Loss.

[B] Defined benefit plan:

The Company makes annual contributions to “Kaira Can Company Employees Gratuity Fund”, a funded defined benefit plan for qualifying employees. The scheme provides for payment to vested employees as under:

i) On normal retirement / early retirement / withdrawal / resignation: As per the provisions of Payment of Gratuity Act, 1972 with vesting period of 5 years of service.

ii) On death in service: As per the provisions of Payment of Gratuity Act, 1972 without any vesting period.

The following table sets out the status of the gratuity plan and the amounts recognised in the Company’s financial statements as at March 31,2026.

The carrying amounts of trade receivables, electricity deposit, cash and cash equivalents and other short term receivables, trade payables, unclaimed dividend, borrowings, capital creditors and other current financial liabilities are considered to be the same as their fair values, due to their short-term nature.For financial assets and liabilities that are measured at fair value, the carrying amounts are equal to the fair values.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments, traded bonds and mutual funds that have quoted price. The fair value of all equity instruments which are traded in the stock exchanges is valued using the closing price as at the reporting period.

Level 2: The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the-counter derivatives) 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.

B 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 forward foreign exchange contracts is determined using forward exchange rate as at the balance sheet date.

39 Financial risk management and policies

The company’s activities expose it to market risk, liquidity risk and credit risk. This note explains the sources of risk which the entity is exposed to and how the entity manages the risk.The company’s risk management is carried out by finance department of the Company. The Finance department identifies, evaluates and hedges financial risks in close co-operation with the Company’s operating units. The Board provides written principles for overall risk management, as well as policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment of excess liquidity.

(a) Credit Risk

Credit risk is the risk of incurring a loss that may arise from a borrower or debtor failing to make required payments. Credit risk arises mainly from outstanding receivables from debtors, cash and cash equivalents, employee advances and security deposits. The Company manages and analyses the credit risk for each of its new clients before standard payment and delivery terms and conditions are offered.

(i) Credit risk management

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The demographics of the customer and including the default risk of the industry, also has an influence on credit risk assessment. Credit risk is managed 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 considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis through each reporting period. To assess whether there is a significant increase in credit risk the Company compares the risk of default occurring on asset as at the reporting date with the risk of default as at the date of initial recognition. It considers reasonable and supportive forward looking information such as:

i) Actual or expected significant adverse changes in business;

ii) Actual or expected significant changes in the operating results of the counterparty;

iii) Financial or economic conditions that are expected to cause a significant change to the counterparty’s ability to meet its obligations;

iv) Significant increase in credit risk on other financial instruments of the same counterparty;

v) Significant changes in the value of the collateral supporting the obligation or in the quality of the third-party guarantees or credit enhancements.

Financial assests are written off when there is no reasonable expectations of recovery, such as a debtor failing to engage in a repayment plan with the Company. Where loans or receivables have been written off, the Company continues to engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognized as income in the statement of profit and loss.

The Company measures the expected credit loss of trade receivables based on historical trend, industry practices and the business environment in which the entity operates. We have evaluated percentage of allowance for doubtful debts with the trade receivables over the years:

Other than trade and other receivables, the Company has no other financial assets that are past due but not impaired.

(b) Liquidity Risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral obligations without incurring unacceptable losses. The Company ensures sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the dynamic nature of the underlying businesses, the Treasury maintains flexibility in funding by maintaining availability under committed credit lines. Management monitors rolling forecasts of the Company's liquidity position (comprising the undrawn borrowing facilities below) and cash and cash equivalents on the basis of expected cash flows.

(i) Financing Arrangements

The company had access to undrawn fund based borrowing facilities amounting to Rs. 1,083.00 lakhs (Rs. 1,369.00 lakhs as at March 31, 2025).

(ii) Maturities of financial liabilities

The tables herewith analyse the Company's financial liabilities into relevant maturity groupings based on their contractual maturities for:

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant.

(c) Market risk(i) Foreign currency risk

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices - will affect the Company’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return. The risk is measured through a forecast of foreign currency for the Company’s operations. The Companys exposure to foreign currency risk at the end of the reporting period expressed in INR, are as follows:

(d) Capital Management

Capital includes equity attributable to the equity holders to ensure that it maintains an efficient capital structure and healthy capital ratios in order to support its business and maximise shareholder value. The Company manages its capital structure and makes adjustments to it, in light of changes in economic conditions or its business requirements. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. No changes were made in the objectives, policies or processes during the year ended March 31,2026 and March 31,2025.

40 Additional Disclosures a Wilful Defaulter

The company is not declared as a wilful defaulter by any bank or financial Institution or other lender. b Details of Benami Property held

No proceedings have been initiated during the year or are pending against the Company as at March 31, 2026 for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.

c Undisclosed income

The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

d The Company has not revalued any of its property, plant and equipment (including Right of Use assets) and intangible assets during the year.

e No funds have been advanced or loaned or invested by company to any intermediary and no funds have been received by the company to act as intermediary.

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

g Relationship with Struck off Companies

The Company has no transactions with struck off companies. h No Registration or satisfaction of charges are pending to be filed with Registrar of Companies.

i The Company has not entered into any scheme of arrangement.

a) Debt Service Coverage Ratio increased due to utilisation of working capital facilities during the year.

b) Net Capital Turnover ratio decrease due to increase in sales & increase in working capital

c) Net Profit ratio decrease due to increase in raw material consumption, Depreciation, Finance cost & other indirect expenses

d) Return on investment (Equity) increase due to upward movemnt in fair value of investment in comparision to previous year.

41 Effective November 21,2025, the Government of India notified the four Labour Codes -The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020, and The Occupational Safety, Health and Working Conditions Code, 2020 (OSH) collectively referred to as the ‘New Labour Codes’ - consolidating 29 labour laws. The Ministry of Labour & Employment has published draft Central Rules and FAQs on December 30, 2025, to facilitate the assessment of the financial impact arising from these regulatory changes. Under IND AS 19, changes to employee benefit plans arising from the New Labour Codes constitute plan amendments and they are required to be treated as past service costs and recognised as an expense in the statement of profit and loss. Accordingly, the New Labour Codes have resulted in an estimated increase in provision for employee benefits of Rs 12.44 lakhs and the same has been recognised under the head ‘Employee Benefit Expenses’ in the Financial Results for the quarter and year ended March 31, 2026. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting treatment on the basis of such developments as needed..

42 Event occuring after Reporting Date:

There have been no events after the reporting date that requries adjustment / disclosures in the financial statements.