Ind AS 37- Provisions, Contingent Liabilities and Contingent Assets - The amendment specifies that the 'cost of fulfilling' a
contract comprises the 'costs that relate directly to the contract'. Costs that relate directly to a contract can either be incremental costs
of fulfilling that contract (examples would be direct labour, materials) or an allocation of other costs that relate directly to fulfilling
contracts (an example would be allocation of the depreciation charge for an item of property, plant and equipment used in fulfilling
the contract). The effective date for adoption of this amendment is annual periods beginning on or after April 1,2022, although early
adoption is permitted. The company has evaluated the amendment and the impact is not expected to be material.

NOTE- 2.40

Intangible Assets (Ind AS-38) - R&D

During the year the company has incurred Rs.186.69 lakhs towards development of various projects . This development expenditure has
been shown under the head intangible assets under development in the balance sheet.

NOTE- 2.41

Provisions, Contingent Liabilities and Contingent Assets (Ind AS-37) : Necessary details in regard to provisions have been disclosed in notes
2.31

NOTE- 2.42

Disclosure as required under Regulation 34(3) and 53(f) of SEBI (LODR)

1 Assets that are not financial assets (such as receivables from statutory authorities, prepaid expenses, advances paid and certain
other receivables) as of 31 March 2025, and 31st March 2024, respectively, are not included.

2 Other liabilities that are not financial liabilities (such as statutory dues payable, advances from customers and certain other accruals)
as of 31 March 2025, and 31st March 2024, respectively, are not included.

The carrying amounts of above financial assets and labilities are considered to be same as their fair values, due to their short-term nature.

2.43.2 Financial Risk Management

a) Risk Management Framework

The Company's management has overall responsibility for the establishment and oversight of the Company's risk management framework.
The management has established the Risk Management Committee, which is responsible for developing and monitoring the Company's
risk management policies. The committee reports regularly to the management on its activities.

The Company's risk management policies are established to identify and analyse the risks faced by the Company, to set appropriate
risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to
reflect changes in market conditions and the Company's activities. The Company, through its training and management standards and
procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and
obligations.

The management monitors the compliance with the Company's risk management policies and procedures, and reviews the adequacy of
the risk management framework in relation to the risks faced by the Company.

Trade receivables

The Company sales are generally based on advance payments and credit sales. The trade receivables in the books are mainly on
account of credit sales to different parties, government undertakings like Railways, EESL etc.

The management has made analysis of the Trade receivables and made necessary provisions for bad and doubtful debts in the
books of accounts as on 31st March 2025 and the same has been reflected at Note No. 2.08. The provision for loss allowance based
on historic losses has been considered and necessary provision has been made in the books.

B. Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities
that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to ensure, as far as
possible, that it will have sufficient liquidity to meet its liabilities when they are due.

Maturities of financial liabilities

The table below summarises the maturity profile of the Company's financial liabilities based on contractual undiscounted payments.

C. Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates 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.

Foreign currency risk

Since majority of the Company's operations are being carried out in India and since all the material balances are denominated in
its functional currency, the company does not carry any material exposure to currency fluctuation risk.

The Company's exposure to foreign currencies in minimal and hence no sensitivity analysis is presented.

2.44 Other Statutory Information

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

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

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

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

v) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

vi) 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 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 has 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
Funding Party (Ultimate Beneficiaries) or

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

viii) The Company doesn't have any such 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.

For MIC Electronics Limited

Yalamanchili Kaushik M S Sivanand

Managing Director Wholetime Director

Din No. : 07334243 Din No. : 10166966

M S Murali krishnan A L Sowjanya

Chief Financial Officer Company Secretary

M.No.: A44779