11. Provision of Contingent Liabilities

Contingent Liabilities as defined in AS 29 on "Provision, Contingent Liabilities and Contingent Assets” are disclosed here.
Provision is made if it becomes probable that an outflow of future economic benefits will be required for an item previously
dealt with as a contingent liability.

Provisions are recognized when the Company has a present obligation as a result of past events and it is more likely
that an outflow of resources will be required to settle the obligations and the amount has been reliably estimated. Such
provisions are not discounted to their present value and are determined based on the management's estimation of the
obligation required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and
adjusted to reflect management's current estimates.

Contingent liabilities

A disclosure for a contingent liability is made where it is more likely than not that a present obligation or possible obligation
may result in or involve an outflow of resources. When no present or possible obligation exists and the possibility of an
outflow of resources is remote, no disclosure is made.

Contingent assets

Contingent assets are neither recorded nor disclosed in the financial statements.

12. Retirement Benefits to Employees
Short term employee benefits

All employee benefits payable wholly within twelve months of rendering the service are classified as short-term employee
benefits. Benefits such as salaries, wages, and bonus etc. are recognized in the Statement of Profit and Loss in the period
in which the employee renders the related service.

Long term employee benefits

i) Defined contribution plan:

Provident fund and employees' state insurance schemes:

All employees of the Company are entitled to receive benefits under the Provident Fund, which is a defined
contribution plan. Both the employee and the employer make monthly contributions to the plan at a predetermined
rate (presently 12%) of the employees' basic salary (subject to a maximum basic salary, as per the provisions
of The Employees Provident Fund & Miscellaneous Provisions Act, 1952). These contributions are made to the
fund administered and managed by the Government of India. In addition, some employees of the Company are
covered under the employees' state insurance scheme, which is also a defined contribution scheme recognized
and administered by the Government of India.

The Company's contributions to both these schemes are expensed off in the Statement of Profit and Loss. The
Company has no further obligations under these plans beyond its monthly contributions.

ii) Defined benefit plan:

a) Gratuity:

The company pays gratuity as per Gratuity Act and hence the company has started to create provisions in
Books of Accounts for payment of Gratuity as per Actuarial Valuation report.

b) Leave Encashment:

As per company Policy, Leave Encashment is paid to employee at the of Retirement/Leaving from
Organization. In current year company has created provision on the basis of Actuarial Valuation Report.

13. Government Grant

Government Grants are recognized when there is a reasonable assurance that the same will be received. Revenue grants
are recognized in the Statement of Profit and Loss. Capital grants relating to specific fixed assets are reduced from the
gross value of the respective Fixed Assets. Other capital grants are credited to Capital Reserve.

14. Borrowing Cost

Borrowing costs are determined in accordance with the provisions of Accounting Standard 16. Borrowing costs that are
attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets.
A qualifying asset is one that necessarily takes substantial period of time to get ready for the intended use. All other
borrowing costs are charged to revenue.

15. Current Assets, Loans and advances

The balance under item of Sundry Debtors, Loans and Advances, and Current liabilities are subject to confirmation and
reconciliation and consequential adjustments, wherever applicable. However, in the opinion of the Management, the
realizable value of the current assets, loans, and advances in the ordinary course of business will not be less than the
value at which they are stated in the balance sheet. In the opinion of the board of directors, the current assets, loans, and
advances are approximate of the same value if realized in the ordinary courses of business and the provision for all known
liabilities is adequately made and not in excess of the amount reasonably consider necessary.

NOTE NO 33 SEGMENT REPORTING: -

The Company primarily operates in one segment which comprises of manufacturing and sale of Wires & cables identified in
accordance with principle enunciated in Accounting Standard AS-17, Segment Reporting. Hence, separate business segment
information is not applicable.

The board of directors of the Company, which has been identified as being the chief operating decision maker (CODM), evaluates
the Company’s performance, allocate resources based on the analysis of the various performance indicator of the Company as a
single unit. Therefore, there is no reportable segment for the Company as per the requirement of AS-17 Operating Segment
The Company has three manufacturing Unit in the state of Uttarakhand and all the company is supplying its product within India
and outside India, there is no Geographical segments for disclosure as the secondary segment.

NOTE NO. 34. OTHER STATUTORY INFORMATION: -

i. The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company
for holding any Benami property.

ii. The Company do not have any transactions with companies struck off.

iii. The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

iv. The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

v. The Company have 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:

a) 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

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

vi. The Company have 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

a) 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

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

vii. The Company do 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 such as, search or survey or
any other relevant provisions of the Income Tax Act, 1961.

As per Our Separate Report on Even date. For & on behalf of the Board of Directors

For Rajeev Singal & Co of V- Marc India Limited

Chartered Accountants

(CA Sunil Kumar ) Deepak Prabhakar Tikle Vikas Garg

Partner Director Managing Director

M No 408730 DIN-09756849 DIN-05268238

FRN:008692C

Date: 12.05.2025 Anuj Ahluwalia Sanjiv Kumar

Place: Haridwar Company Secretary Chief Financial Officer