4.17. Provision, Contingent Liabilities and Contingent Assets

Provisions are recognized 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.

The amount recognized as a provision is the best estimate of the consideration required to settle the
present obligation at the end of the reporting period, taking into account the risks and uncertainties
surrounding the obligation. When a provision is measured using the cash flows estimat^Ug-s^le
tbtfrS^^Ht obligation, its carrying amount is the present value of those cash flows.

Contingent liabilities are disclosed in the Standalone Financial Statements by way of notes to
accounts, unless possibility of an outflow of resources embodying economic benefit is remote.

Contingent assets are not recognised in the standalone financial statements. Contingent assets are
disclosed in the Financial Statements by way of notes to accounts when an inflow of economic
benefits is probable.

Note:

The estimated impact of Ind AS 116 on the Company's financial statements is as follows:

(a) The Company incurred Rs. 60.67 Lakhs for the year ended March 31, 2026 [March 31, 2025: Rs. 105,24 Lakhs) towards expenses relating to short-term leases
and leases of low-value assets. The total cash outflow for leases is Rs. 148.27 Lakhs for the year ended March 31, 2026 (March 31, 2025: Rs. 160.81 Lakhs),
including cash outflow of short-term leases and leases of low-value assets. Interest on lease liabilities for the year ended March 31,2026 is Rs. 15.02 Lakhs (March
31,2025: Rs. 12.81 Lakhs)

(b) Lease contracts entered by the Company majorly pertains for buildings taken on lease to conduct its business in the ordinary course The Company have taken
land and buildings on leases for corporate office.

(c) The weighted average incremental borrowing rate applied to lease liabilities is 11.10%. The Company has applied a single discount rate to a portfolio of leases
of a similar assets in similar economic environment with similar end date.

(d) The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to
lease liabilities as and when they fall due.

(0 * Pursuant to resolutions passed by our Board at their meeting held on November 30,2024 and the Shareholders at their extra-ordinary general

meeting held on November 30,2024., the Company has increased its authorised share capital from Rs. 1.10,00,000 divided into 11,00,000 equity
shares of Rs. 10/- each to Rs. 11,50.00,000 divided into 1,15,00.000 equity shares of Rs. 10 each by the creation of additional 1,04,00,000 equity
shares of Rs. 10/- each.

(ii) ** Pursuant to resolutions passed by our Board at their meeting held on December 16,2024 and the Shareholders at their extra-ordinary general
meeting held on December 17,2024 the Company has sub-divided 10.20.350 equity shares of face value of Rs. 10 each to 1,02,03,500 Equity Shares
of face value of Rs. 1/- each. The Authorised Share Capital of the Company is changed to Rs. 1150.00 Lakhs divided into 11,50,00,000 Equity Shares
ofRs.l/- each.

a) Terms/rights attached to equity shares

The Company has only one class of equity shares having par value of Rs. 1/- per share. Each shareholder of equity shares is entitled for pari pasu
voting right.

(iv) Other Comprehensive Income: Nil (P.V. Nil)

The Description of the nature and purpose of each reserve within equity is as follows:

a) Securities Premium

Securities premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the provision of the Companies Act,
2013

b) Retained Earnings

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

c) Employee Stock option Reserve

The fair value of the equity settled share based payment transactions with employees is recognised in employee stock option reserve.

ill Working Capital facility from HDFC Bank aggregating to Rs. 5.600.55 Lakhs fMarch 31.2025 Rs. 4.359.73 lakhs) arc secured bv:

(1) Primary Security: Debtor, Fixed Deposit, Industrial Property, Plant & Machinery, Residential Property & stock

(if) Collateral Security: Fixed Assets, Industrial Land & Building, Personal Guarantee of Director Mr. Vipul Nagpal & Mrs. Garlma Nagpal

(iii) Property Detail:

Plot No - A14S (J) & SP-145 (F to I), Phase-1, Riico Industrial Area, Bhiwadi Rajasthan 301019

Plot no- D-8, Ashok Vihar, Phase-1, Delhi 110052, Second Floor, Wazirpur Residential Scheme Near Ram Mandir, Delhi 110054
Khasra No. 36 to 94 & 98 to 101 Chopanki, Distt. Khairthal.Tijara.Vill )odiay Mav.Bhiwadi, Alwar, Rajashtan 301019
A-784, Phase-2, Bhiwadi Industrial Area Near Alwar Rajasthan 301019

hi Working Capital facility from CITI Bank aggregating to Rs, 6,230 82 Lakhs (March 31. 2025 Rs. 2,844.33 lakhs! ore secured bv;

I) Stock And Book Debts

ii) Movable Fixed Assets

iii) Plot No - A145 (J) & SP-145 (F to 1), Phase-1, Riico Industrial Area, Bhiwadi Rajasthan 301019

iv) A-784, Phase-2, Bhiwadi Industrial Area Near Alwar Rajasthan 301019

v) Plot no- D-8, Ashok Vihar, Phase-1, Delhi 110052, Second Floor, Wazirpur Residential Scheme Near Ram Mandir, Delhi 110054

vi) Persona] Guarantee of Director Mr. Vipul Nagpal & Mrs. Garima Nagpal

vii) Cash Margin of 10% for usance of LC, Sight LC and Bank Guarantee

cl Working Capital facility from ICICI Bank aggregating to Rs. 1.209,79 lakhs (March 31. 2025 Rs, 726,39 Lakhsl are secured hv:

i) Plot No-A145 (j) & Sp-145 (Fto 1), Phase-1, Riico Industrial Area, Bhiwadi Rajasthan 301019

ii) A-784, Phase-2, Bhiwadi Industrial Area Near Alwar Rajasthan 301019

iii) property Bearing No-8, Second Floor without Roof Right, Block-D Ashok Vihar, Govt School, Delhi 110052

iv) Current Assets

v) Movable Fixed Assets

vi) Persona] Guarantee of Director Mr. Vipul Nagpal & Mrs. Garima Nagpal

d) Vendor Financing - Supplier Finance Arrangement

The Company, in case of certain suppliers, enjoys extended credit period by using its credit line after the due date of the invoice. The interest
cost in such case is borne by the Company and is disclosed as finance cost. Since these are in nature of working capital loan/ short term loan,
such amounts are disclosed as borrowings.

The Company decides which invoices will be financed. The financier pays the supplier on the commercially agreed due date. The Company
repays the bank on due date of invoices along with interest rate 6.40% to 6.90% and 2M EBR (Repo Rate) spread respectively. No guarantees
or collateral are provided under the arrangement.

The Company has no significant concentration of liquidity risk with any individual finance provider.

There were no material business combinations or foreign exchange differences that would affect the liabilities under the supplier finance
arrangement in either period.

The carrying amounts of liabilities under the supplier finance arrangement are considered to be reasonable approximations of their fair values,
due to their short-term nature.

The Company has not provided comparative information in respect of the amendments to Ind AS 7 and ind AS 107 relating to supplier finance
arrangements, as it has applied the transitional relief available on initial adoption of these amendments, which allows entities not to present
Quantitative Disclosure of Amounts Involved:

* Pursuant to the notification issued by the Ministry of Labour & Employment on November 21, 2025, notifying 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 (collectively referred to as the Labour Codes"), the Company has evaluated the impact of the said Codes on employee benefits.
In accordance with Ind AS 19 Employee Benefits, the Company has recognized the past service cost in respect of gratuity. Accordingly, an
amount of Rs. 18.58 Lakhs has been recognized during the year ended March 31,2026 and included under "Employee benefits expenses".

The Government of India has notified the related rules under the New Labour Codes on May 08, 2026. The Company has evaluated the
impact of these rules and based on the current assessment, Management does not expect any material additional liability or material
impact on the Standalone Financial Statements of the Company.

41 Critical accountingestimates and judgments

The estimates and judgements used in the preparation of Standalone financial statements are coni in non sly evaluated by the Company, and are based on historical experience and various
other assumptions and factors (including expectations of future events), that the Company believes to be reasonable under the existing circumstances. The said estimates and judgements
ore based on the facts and events, that existed as at Lhe reporting date, or iliat occurred after that date but provide additional evidence about conditions existing as at the reporting daLe.
Although the Company regularly assesses these estimates, actual results could differ materially from these estimates - even if the assumptions under-lying such estimates tvere
reasonable when made, if these results differ from historical experience or other assumptions do not turn out to be substantially accurate. The changes In estimates are recognised in the
financial statements in the year In which they become known.

The areas involving critical estimates or judgments arc:

1. Useful lives of property, plant and equipments Note No. 4,1 & S

2. Measurement of Lease liabilities and Right of Use Asset Note No. 4.12 & 7

3. LlseluJ life of Intangible asset Note No, 4.2 & 8

4. Taxes Note No. 4.9, 25 & 31

5. Measurement Helmed benefit obligation Note No. 4.11 & 42

6. Measurement of fair Values and Expected Credit Loss f ECL1 Note No. 4.3,14 & 15

7. Estimation of Provisions & Contingent liabilities Note No. 4.17 & 44

8. Measurement of share based payments Note No. 4.15 & 60

"Amount of Rs. 1.00 Lakhs was transferred on March 22.2024, and Rs. 17.48 Lakhs was transferred on March 29.2024

The Company has filed a suo-moto compounding application dated June 17, 2025 before the Registrar of Companies, NCT of Delhi and Maryana, for regularization of the said non-
compliance and in the event that any fine or penalty is liable to be paid in relation to such non-compliance, the same shall be paid by the Company and the officer in default.

(C) The Company has outstanding obligation amounting to Rs. 1,200.00 Lakhs (March 31, 2025: Rs. S00.00 Lakhs] in respect of bonds given to central tax department against Impoit of
goods at concessional rate of basic custom duty. The Company expects to fulfill the obligation In due course of time.

(D) The E-Waste (Management) Rules. 2022 Issued by the Central Pollution Control Board (CPCB) became applicable to the Company with effect from Api II 1,2023. Pursuant to these Rules,
the Company has obtained Extended Producer Responsibility (EPR) authorisation from CPCB as a Produce]- for specified categories of products covered under Schedule I of the E-Waste
(Management) Rules, 2022 and has engaged authorised third-party waste management agencies for the collection, recydingand disposal of e-waste.

The Company has fulfilled its EPR obligations for the current financial year. Based on the management's assessment and the compliance status as at the reporting date, no additional
provision Is considered necessary in the financial statements

(G) Mate rial Cl vIf Lit Igat ion

(i) Orient Electric Limited ("Orient Electric") filed an application under Section 16(1) of the Companies Act, 2013 for rectification of the corporate name of our Company. Our company
Hied a preliminary reply dated September 18, 2025 claiming that the application was liable to be dismissed. Our company further filed a detailed »eply on October 10. 2025 In
furtherance to the preliminary reply. The matter has been heard by the Ld. Regional Director on September 20.2025. December 11,2025, January 10,2026, February 10,2026 on which
date the Ld. Regional Director was on leave and the matter was adjourned to March 11,2026. Following the hearing held oil March 11,2026. the matter was listed on March 25, 2026,
April 14, 2026 end May 6. 2026. On March 25, 2026 and May 6, 2026, adloumments were sought in view of the ongoing settlement discussions between the parlies. The hearing
scheduled on April 14. 2026 could not be taken up as it was a government holiday and the office of the Regional Director remained closed, resulting In no hearings being conducted on
that date. On May 22, 2026. it was noted that the matter had been assigned to a newly appointed Regional Director The newly appointed Regional Director has thereafter listed Lhe
matter on July 3,2026. The matter is currently pending.

(ii) The Company has filed a civil suit bearing no. CS (COMM) 1140 OF 2025, against Orient Electric Limited ("Orient Electric") before the Hon 1)10 Might Court of Delhi at New Delhi ("High
Court"), seeking a permanent injunction restraining Orient Electric and all persons acting on their behalf from manufacturing, selling, advertising, promoting or using the marks ORIENT.
ORIENT ELECTRIC, ORIENT WIRES, ORIENT WIRES & CABLES, or any other mark identical or deceptively similar to our Company's well-known brand "ORIENT CABLES" in relation to
wires, cables or any allied goods In any manner that may cause passing off, dilution or unfair competition. The matter has been listed for hearing before the High Court on October 17,

2025. November 07. 2025, November 21, 2025. December 01, 2025, December 02, 202S, December 08, 2025. December 16, 2025. December 22, 2025, January 14. 2026. January 16,

2026, lanuary 30. 2026. February 12. 2026 and February 19, 2026 The matter was listed before the Hon'ble Court on March 20, 2026. On the said date, both parties sought an
adjournment. The mattei is presently listed for hearing on |uly 28,2026. The matter is currently pending.

(H) Litigation filed against our Company Material Civil Litigation

Orient Electric Limited ("Orient Electric") filed a counter civil suit bearing no. CS (COMM) 1200/2025 against our Company before the Hon'bte High Court of Delhi at New Delhi ("High
Court") seeking a permanent Injunction restraining our Company and all persons acting on their behalf from manufactiu ing, selling, offering for sale, marketing, advertising or otherwise
dealing in any goods under the impugned mark •ORIENT" or any identical or deceptively similar variations thereof, including as part of any coi porate/trade name, domain name, website
or business identifier, so as to prevent infringement, passing off and unfair competition in relation to the Orient Electric's registered trademarks. The matter has been listed for hearing
before the High Court on November 11,2025, November 12, 2025, November 21, 2025, December 01, 2025, December 02, 2025. December 08. 2025, December 16. 2025, January 14,
2026, January 30,2026, February 03.2026. February 12,2026 and February 19, 2026. The matter was listed on March 20,2026 before MMJ |yoti Singh, wherein both parties sought an
adjournment. The next date of hearing before the Hon'ble Court is |uly 28, 2026. Separately, before the Ld. joint Registrar, the matter was listed on March 25,2026 and was thereafter
directed to be listed on |uly 2.2026 for reporting settlement, If any, and/or completion of pleadings Orient Cables/the Company filed its Written Statement on April 4,2026. The Written
Statement has been taken on record and has been placed for consideration on the already scheduled date of July 2, 2026. The matter is currently pending

45 In the opinion of the Board and of the best of their knowledge and belief, the value of realization In respect of the Current Assets, Loans and advances in the ordinary course or business
would not be less than the amount at which they are stated in the Balance Sheet and the provision for all known and determined liabilities is adequate and not in excess of amount
reasonably required.

46 Segmental Reporting

(a) Primary' Segment Information

The Company has identified business segments ns its primary segment and geographic segments as its secondary segment. Accordingly segments have been Identified In line with Indian
Accounting Standard on Segment Reporting Ind AS* 108*. The Company is mainly engaged in the business of manufacturing of extensive range of cables including Networking Cables,
power Cable, Optical Fiber Cables and Other Allied Products etc. There are no reportable business segment taking Into account all the factors. Viz, the nature of product and services,
identical risks and return, the organization structure and the internal financial reportingsystem.

(b) Geographical Information

Geographical revenue is allocated based on the location of the customers and non current assets are also allocated based on the location of the assets. The information regarding
geographical revenue and non-current assets are as follows:

47 Disaggregation of Re venue

The operations of the Company are limited to business of manufacturing of extensive range of cables including Neuvorking Cables, power Cable, Optical Fiber Cables and Other Allied
Products etc. Revenue from contract with customers is from sale of manufactured goods. Sale of goods are made at a point In time and revenue is recognised upon satisfaction of the
performance obligations which is typically upon dispatch / delivery. The Company has a credit evaluation policy based on which the credit limits for the trade receivables are established.
There is no significant financing component as the credit period provided by the Company is not significant.

Credit Rtek

Credit risk Is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. Tbe Company Is exposed to credit risk from Us
financing activities, including deposits with banks and financial Institutions and other financial instruments.

Trade Receivables

The Company trades with recognized and credit worthy third parties. It is tbe Company's policy that all customers who wish to trade on credit terms are subject to credit verification procedures
In addition, receivable balances are monitored oil an on-going bask with tbe result that tbe Company's exposure to bad debts is not significant At Marcb 31,2026 the Company had top 10
customers that owed tbe Company more than Rs. 16,298.09 Lakhs (March 31, 2025: Rs. 11,450.27 Lakhs) and accounted for approximately 74.15 % (March 31, 2025: 63.98%Jof all tbe
receivables outstanding- The maximum exposure to credit risk at tbe reporting date is the carrying value of each class of financial assets disclosed In Note no. 15. The Company does not hold
collateral as security. The Company Is exposed to credit rtsk in the event of non-payment by customers. Credit risk concentrai ion with respect to trade receivables Is mitigated by the Company's
large customer base Adequate expected credit kisses are recognized as per the assessments. The Company evaluates the concentration of risk with respect to trade receivables as low, as Its
customers are located in several Jurisdictions aod Industries and operate in largely independent markets.

During the year, the Company assigned certain trade receivables under a limited recourse factoring arrangement, which have beeD derecognised in accordance with Fnd AS 109. Accordingly,
such receivables are not included In the Company's maximum credit risk exposure. (Refer Note 15,8X

The Company Invests surplus funds in debt mutual fund schemes. These schemes mainly invest in high-quality debt securities and, accordingly, tbe Company considers the associated credl t risk
to below

Security deposits with landlords, which are recoverable on completion of lease term or termination of lease arrangements where the credit risk is envisaged to he minimal and recoverability of
such amount is monitored at regular Intervals Tbe Company has not acquired any credit impaired asset.

Tbe risk of default In respect of loans granted to the subsidiary is considered negligible, considering the financial position aod ongoing support arrangements
Financial Instruments and Cash Deposits

Credit risk from balances with banks and financial Institutions Is managed by the management in accordance with the Company's policy. The Company maintains its Cash and cash equivalents
and Bankdeposlts with reputed and highly rated banks Hence, there is no significant credit risk on such deposits Counterparty credit limits are reviewed by the management on an annua) basis,
and may be updated throughout the year. The limits are set to minimise the concentration of risks and therefore mitigate financial loss through counterparty's potential failure to make
payments

The Company's maximum eieposure to credit risk for the components of the balance sheet at March 31,2026 is the carrying amounts as Illustrated In Note do. 11,17 & 19.

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

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly: and
Level 3: If one or more of the significant Inputs is not based on observable market data, the instrument is included in level 3.

Valuation Methodology

All financial instruments are Initially recognized and subsequently re-measured at fair value as described below:

(a) Investment In mutual funds are valued using the closing net assets value (NAV) as at the Balance Sheet date Foreign currency forwards are valued based on the forward exchange
rates provided by the bank as at the balance sheet date.

(b) Trade recoivables, cash and cash equivalents, borrowings, trade payables and other financial assets and liabilities approximate the carrying value due to their short term maturities,
Fair value is Included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in forced or liquidation sale

(c) The fair value of financial instruments that are not traded in an active market Is determined using valuation techniques. The Company uses its judgement to select a variety of
methods and make assumptions that are mainly based on market conditions existing at the end of each reporting year.

(d) Fair value of the remaining financial instruments is determined using discounted cash flow' analysis, unless the carrying value Is considered to approximate to fair value.

There have been no transfers among Level l. Level 2 and Level 3 during the year

51 Foreign Currency Exposure

a) The Company undertakes transactions denominated in foreign currencies; consequently, exposures to exchange rate fluctuations will arise.

b) The Company uses foreign currency forward contracts to hedge its risks associated with foreign currency fluctuations relating to certain firm commitments and forecasted
transactions. The use of foreign currency forward contracts is governed by the Company's strategy, which provides principles on the use of such forward contracts consistent with
Company's Risk Management Policy, The Company does not use forward contracts for speculative purposes

56 Initial Public Offer

The Company Is in process of Initial Public Offer (IPO) co raise Rs. 70,000.00 Lakhs through fresh issue of equity shares and offer for sale by selling shareholders of face value of Rs. 1/-
each. The Company has filed Draft Red Herring Prospectus ( DRHP‘) with SEBI dated |uly 10,2025. As at March 31,2026, the Company has incurred expenses of Rs 828.91 Lakhs (As at
March 31, 2025 , Rs. 279.07 Lakhs) that are directly attributable to the proposed Initial Public Offering (IPO”). Such amounts were shown as Other advances under Note 19. The
Company expects to recover certain amounts from its selling shareholders and the balance amount would be adjusted against securities premium account in accordance with Section 52
of The Companies Act. 2013 upon the shares being issued.

57 As per Notification No.FEMA Z3(R)/(7)/2DZS-RB Dated November 13, 2025 and RBI guidelines the amount representing the full export value of goods / software/ services exported
should be realized and repatriated to India within fifteen months from the date of export i.e. Date of Invoice. Trade receivable of Rs. 22.75 Lakhs (March 31.2025: Rs. 44.67 Lakhs) is
outstanding against export beyond stipulated time as at March 31,2026.

58 As per master circular on Import of Goods and Services vide ref no. RBI/2015-16/82 Master Circular No. 13/2015-16, Dated |uly 01. 20l5(Amended up to November 27, 2015)
remittances against imports should be completed not Liter than six months from the date of shipment. Trade payable of Rs. 0.92 Lakhs (March 31,2025: Rs. Nil) Is unpaid against import
beyond stipulated time as at March 31,2026

59 Other Statuto ry In fo rma lion

j) The title deeds of immovable properties (other than Immovable properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) are held
in the name of the Company.

ii) The Company has not revalued its property, plant and equipment (including right-of-use assets) or Intangible assets or both during the reporting year

iJi) The Company does rot have any investment In properties.

Iv) The Company does not have any Benaml property, where any proceeding has been Initiated or pending against the Company for holding any Bcnami property

v) The Company has not advanced any loans or advances in the nature o (loans to specified persons v\z. promoters, directors, KMPs, related parties; which are repayable on demand or
where the agreement does not specify any terms or year of repayment except loan given to subsidiary which is repayable on demand (as disclosed in Note No. 18).

vl) The Company has utilised funds raised from borrowings from banks for the specific purposes for which they were taken.

vii) The Company has been sanctioned working capital limits from banks or financial institutions on the basis of security of current assets and the quarterly returns or statements filed by the
company with such banks or financial institutions are in agreement with the books of account of the Company except as mentioned hereunder:

viii) The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful defaulteratany time during the reporting year or after the end of
reporting year but before the date when financial statements are approved.

ix) The Company does not have any transactions with struck-off companies.

x) The Company does not have any transaction which Is not recorded in the books of accounts but has been surrendered or disclosed as income during the year In the tax assessments
under the Income Tax Act, L961 (such as, search or survey or any other relevant provisions of the Income Tax Act. 1961).

xJ) The Company has not traded or invested In Crypto currency or Virtual Currency during the reporting year.

xii) The Company has complied with 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.

Kill) The Company does not have any charges or satisfaction which is yet to be registered with the Registrar of Companies (ROC) beyond the statutory year,
xlv) The Company has not filed any scheme of arrangements In terms of section 230 to 237 of the Companies Act. 2013 during the year

xv) The Company has 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 entitles 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

xvi) The Company has not received any fund from any person(s) or eniity(les). Including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise)
that the Com pa nv shall:

(a) directly or indirectly lend or Invest in other persons or entitles identified »n any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
fb) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

61 Audit Trail

The Ministry of Corporate Affair s (MCA) has piosalbed a new raquiiement foi companies undej the proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 insetted by the Companies (Accounts) Amendment Rules
2021 requii ing companies, which uses accounting softwai e foi maintaining its books of account, shall use only such accounting software which has a featuic of tecoi ding audit trail of each and every transaction, creating an
edit log of each change made in the books of account along with the date when such changes were made and ensuring that the audit trail cannot he disabled

The Company is using accounting software SAP Business One 10 0 version for SAP HANA (10 00 180) FP 2111 (64-bit) fov maintaining its books of accounts which has a feature of iccoi ding audit trail (edit log) facility and the
same Iras operated thioughout the year foi all iclevant transactions recoidcd in the accounting software. Howevei. the audit trail (edit Jogs) featuie for any diiect changes made at the database level was not enabled for
accounting software used foi mam terra tree of books of accounts Fuithei. theie aio no instances of audit trail featuie being tampeied with in lespect of these accounting software's wheie the audit trail has been enabled
Additionally, tire audit trail of pi evions years has been pieseived as pev the statutory requirements foi record i etention

62 Backup of Books of accounts

The Com pony is maintaining its books of accounts In clecti omc mode and these books of accounts ai e accessible in India at all times and the back-up of these books of accounts have been kept in serves physically located in
India

63 Event occurred after Balance sheet date

a) The Company has entered into a Memorandum of Understanding ("Motr) with Aditya Infotech Limited wherein it wasagiood to enter into 50:50 joint Venture arrangement for the pui poses of carrying on the business of
manufacturing of electi |c cables including LAN cables and CCTV cables, terminated assemblies, and connectors, for Aditya Infotech Limited ("AIL") In oidei to implement the pioposed joint Venture, it has been ygieed to
incorporate a Pi Ivate Limited Company in the name and style as agreed between the Parties nndei the said MoU The Moll isa non-binding ait angement, and the pioposed joint venture shall be subject to execution of definitive
agi eement(s) and othei necessary approvals, if any. The Moll shall automatically stand terminated upon execution of such definitive agieement(s)

b) The Company Iws entered into a legisteied lease deed dated November 26.202$ with Rajdhani Industnal Park. Bengaluru. Km nataka. for the piemises situated at Plot No 285, Rajdliani industrial PavkRoad No 7 Aweiahulli
Industrial Area. Bilanakote Village, Sompura HoblJ. Nelanmngala Taluk, Bangalore Rural The lease Iws been executed for a peiiod of 5 (Five) years commencing from die lease commencement date, at a monthly lease i ental of
Rs 0 90 Lakhs/- stai ting from April 01.2020. subject to escalation and other tei ms and conditions us stipulated m die lease agreement. The said piemises is being used for manufactui Ing of networking cables. Optical Fibei and
Power cables and the commercial pt odnetron at die facility commenced on Apr il 01.2026

64 Subsequent Events

Thei eaie no other subsequent events that occur red after the i epoi ting date, other than those already mentioned In the standalone financial statements _ _