2.11 Provisions, Contingent Liabilities, Contingent Assets:

Provisions are recognised 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.

Contingent liability is disclosed in the case of:

• Present obligation arising from past event, when it is not probable that an outflow of resources will be required to
settle the obligation.

• A present obligation arising from past event, when no reliable estimate is possible.

• A possible obligation arising from past events, unless the probability of outflow of resources is remote.
Contingent Assets:

Contingent assets are not recognised but disclosed where an inflow of economic benefits is probable. Contingent
assets are assessed continually and, if it is virtually certain that an inflow of economic benefits will arise, the asset and
related income are recognised in the period in which the change occurs.

2.12 Employee Benefits:

Short term employee benefits:

All employee benefits payable wholly within 12 months of rendering services are classified as short term employee
benefits. Benefits such as salaries, wages, short-term compensated absences, performance incentives etc., and the
expected cost of bonus, ex-gratia are recognised during the period in which the employee renders related service.

Defined contribution plans:

Retirement benefits in the form of Provident Fund, Employee State Insurance and Superannuation Fund is a defined
contribution scheme and the contributions are charged to the Statement of Profit and Loss of the year when the
contributions to the respective funds are due. There are no other obligations other than the contribution payable to
the respective funds.

Defined benefit plans:

The Company operates a defined benefit gratuity plan in India, which requires contributions to be made to a separately
administered fund. The Company also provides certain additional post-employment benefits in the form of
compensated absences to employees. These compensated absences are unfunded. The actuarial valuation is done as
per projected unit credit method.

Remeasurements, comprising of actuarial gains and losses, the effect of the changes to the asset ceiling, excluding
amounts included in net interest on the net defined benefit liability and the return on plan assets (excluding amounts
included in net interest on the net defined benefit liability), are recognized immediately in the balance sheet with a
corresponding debit or credit to retained earnings through OCI in the period in which they occur.Re-measurement
recognised in OCI is reflected immediately in retained earnings and will not be reclassified to Statement of Profit & Loss.

2.13 Revenue recognition:

Revenue from sale of products:

Revenue from sale of products is recognised on satisfaction of performance obligations by the Company on transfer
of control of ownership attached to the goods to customers. The revenue is measured at the amount based on the
transaction price, which is the consideration, adjusted for volume discounts, price concessions, incentives, and returns,
if any, as specified in the contracts with the customers.

Revenue from contracts with customers:

Revenue from contracts with customers is recognised when the Company satisfies performance obligation by
transferring promised goods and services (assets) to the customers. The Company recognises revenue over the period
of time, as performance obligations are satisfied over time due to continuous transfer of control to the customer. Such
contracts are generally accounted for as a single performance obligation as it involves integration of goods and services.
The revenue is recognised to the extent of transaction price allocated to the performance obligation satisfied.
Transaction price is the amount of consideration to which the Company expects to be entitled in exchange for
transferring goods or services to a customer excluding amounts collected on behalf of a third party.

Any amount of income accrued but not billed to customers in respect of any contracts is recorded as a contract
asset. Such contract assets are transferred to trade receivables on actual billing to customers. A contract liability is the
obligation to transfer goods or services to a customer for which the Company has received consideration or an
amount of consideration is due from the customer. Such contract liabilities are recognised as revenue when the
Company performs under the contract. Transaction price is recognised based on the price specified in the contract.

Sales includes transport and other costs recovered separately from the customers.

Dividend and Interest income:

Dividend income from investments is recognised when the Company's right to receive payment is established.

Interest income from financial assets is recognized when it is probable that economic benefits will flow to the
Company and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference
to the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts
estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on
initial recognition.

Insurance claim:

Insurance claims are recognised on the basis of claims admitted / expected to be admitted, to the extent that the
amount recoverable can be measured reliably and it is reasonable to expect ultimate collection.

Income from export incentives such as duty drawback are recognised on accrual basis.

2.14 Leases:

As a lessee:

The Company's leases mainly consist of lands and buildings taken on lease for its office premises, godowns.

Initial measurement:

At the commencement date, a lessee shall measure the right-of-use asset at cost and measure the lease liability at the
present value of the lease payments that are not paid at that date.

The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined.
If that rate cannot be readily determined, the lessee shall use the lessee's incremental borrowing rate.

Subsequent measurement:

Right-of-use assets:

After the commencement date, the Company measures the right-of-use asset by applying a cost model:

(a) Cost less any accumulated depreciation and any accumulated impairment losses; and

(b) adjusted for any remeasurement of the lease liability
Short-term leases and leases of low-value assets:

The Company has elected not to recognise right-of-use assets and lease liabilities for leases of low-value assets and
short-term leases. The Company recognises the lease payments associated with these leases as an expense on a
straight-line basis over the lease term.

2.15 Current and Deferred Tax:

Current tax is the amount of tax payable determined in accordance with the applicable tax rates and provisions of the
Income Tax Act, 1961 and other applicable tax laws.

Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the Balance Sheet
and the corresponding tax bases used in the computation of taxable profit and are accounted for using the liability
method. Deferred tax liabilities are generally recognised for all taxable temporary differences, and deferred tax assets
are generally recognized for all deductible temporary differences, carry forward tax losses and allowances to the extent
that it is probable that future taxable profits will be available against which those deductible temporary differences,
carry forward tax losses and allowances can be utilised. Deferred tax assets and liabilities are measured at the
applicable tax rates. Deferred tax assets and deferred tax liabilities are off set, and presented as net.

2.16 Borrowing cost:

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a
substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of the asset. All
other borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other
costs that an entity incurs in connection with the borrowing of funds.

2.17 Segment reporting:

The Chief Operational Decision Maker monitors the operating results of its business Segments separately for the
purpose of making decisions about resource allocation and performance assessment. Segment performance is
evaluated based on profit or loss and is measured consistently with profit or loss in the financial statements.

The operating segments have been identified on the basis of nature of product/services.

The Board of directors of the Company has appointed the Managing Director as the chief operating decision maker
(CODM) who is assessing the financial performance and position of the Company, and makes strategic decisions.

2.18 Cash and cash equivalents:

Cash and cash equivalent in the balance sheet comprise cash at banks and in hand and short-term deposits with an
original maturity of three months or less, which are subject to an insignificant risk of changes in value.

For the purpose of statement of cash flows, cash & cash equivalent consists of cash &short-term deposits, as defined
above, as they are considered an integral part of the Company's cash management.

2.19 Cash flow statement:

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of
transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments
and item of income or expenses associated with investing or financing cash flows. The cash flows from the operating,
investing and financing activities of the Company are segregated. In the cash-flow statement, cash and cash equivalents
are shown net of bank overdrafts,which are included as current borrowings in liabilities on the balance sheet.

2.20 Earnings per share:

Basic earnings per share are calculated by dividing the net profit or loss after tax for the period attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period. For the purpose of
calculating diluted earnings per share, the net profit or loss after tax for the period attributable to equity shareholders
and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive
potential equity shares.

2.21 dividends:

Final dividend on shares is recorded as a liability on the date of approval by the shareholders and Interim dividends are
recorded as a liability on the date of declaration by the Company's Board of Directors.

2.22 Recent pronouncements:

Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued from time to time. For the year ended March 31,2025, MCA
has notifiedInd AS - 117 Insurance Contracts and amendments to Ind AS 116 - Leases, relating to sale and leaseback
transactions, applicable to the Company w.e.f. April 1,2024. The Company has reviewed the new pronouncements
and based on its evaluation has determined that it does not have any significant impact in its financial statements.

The attached Notes are integral part of Financial Statements. 1 to 41

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

For and on behalf of ^{Keltech Ener}g^{ies Limited}

CIN:L30007KA1977PLC031660

CNK & Associates LLP

^{Chartered Accountants} Vijay v. Chowgule Santosh L. Chowgule

^{ICAI Firm Re}g^{istration No}. I°I⁹⁶I^W/W-I°⁰⁰³⁶ Chairman Vice-Chairman

DIN. 00018903 DIN. 00097736

Himanshu Kishnadwala

_Partner Mahesh Wataney P. Prabhudev

Managing Director Chief Financial Officer

Membership No: 037391 ^DIN. ^09631354

Rachana Salawat

Mumbai Company Secretary and Compliance Officer

^{Dated: 23rd May} 2025 Membership No.A47121