Provisions And Contingent Liabilities

A provision is recognized when an enterprise has a present obligation (legal or constructive) as result of
past event and it is probable that an outflow embodying economic benefits of resources will be required
to settle a reliably assessable obligation. Provisions are determined based on best estimate required to
settle each obligation at each balance sheet date. If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to
the liability. When discounting is used, the increase in the provision due to the passage of time is
recognised as a finance cost.

Provisions for onerous contracts, i.e. contracts where the expected unavoidable costs of meeting
obligations under a contract exceed the economic benefits expected to be received, are recognized when
it is probable that an outflow of resources embodying economic benefits will be required to settle a
present obligation as a result of an obligating event, based on a reliable estimate of such obligation.

A contingent liability is a possible obligation that arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the
control of the Company or a present obligation that is not recognized because it is not probable that an
outflow of resources will be required to settle the obligation. A contingent liability also arises in
extremely rare cases where there is a liability that cannot be recognized because it cannot be measured
reliably. The Company does not recognize a contingent liability but discloses its existence in the
standalone financial statements.

Earnings Per Share

The basic earnings per share is computed by dividing the net profit attributable to equity shareholders
for the period by the weighted average number of equity shares outstanding during the period. The
number of shares used in computing diluted earnings per share comprises the weighted average shares
considered for deriving basic earnings per share, and also the weighted average number of equity shares
which could be issued on the conversion of all dilutive potential equity shares. Dilutive potential equity
shares are deemed converted as of the beginning of the period, unless they have been issued at a later
date. The diluted potential equity shares have been arrived at, assuming that the proceeds receivable
were based on shares having been issued at the average market value of the outstanding shares. In
computing dilutive earnings per share, only potential equity shares that are dilutive and that would, if
issued, either reduce future earnings per share or increase loss per share, are included.

Cash Dividend To Equity Holders Of The Company

The Company recognises a liability to make cash distributions to equity holders of the Company when the
distribution is authorised and the distribution is no longer at the discretion of the Company. Final
dividends on shares are 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.

Government Grants

The Company recognizes government grants only when there is reasonable assurance that the conditions
attached to them shall be complied with, and the grants will be received. Government grants related to
assets are treated as deferred income and are recognized in net profit in the statement of profit and loss
on a systematic and rational basis over the useful life of the asset. Government grants related to revenue
are recognized on a systematic basis in net profit in the statement of profit and loss over the periods
necessary to match them with the related costs which they are intended to compensate.

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. During the year
ended March 31, 2025, MCA has notified Ind AS 117 - Insurance Contracts and amendments to Ind As 116
- Leases, relating to sale and lease back transactions, applicable from April 1, 2024. The Company has
assessed that there is no significant impact on its financial statements.

On May 9, 2025, MCA notifies the amendments to Ind AS 21 - Effects of Changes in Foreign Exchange
Rates. These amendments aim to provide clearer guidance on assessing currency exchangeability and
estimating exchange rates when currencies are not readily exchangeable. The amendments are effective
for annual periods beginning on or after April 1, 2025. The Company has assessed that there is no
significant impact on its financial statements.

Current Vs Non-Current Classification

The Company presents assets and liabilities in the balance sheet based on current / non-current
classification.

An asset is treated as current when:

Ý It is expected to be realised or intended to be sold or consumed in normal operating cycle.

Ý It is held primarily for purpose of trading.

Ý It is expected to be realised within twelve months after the reporting period.

Ý Cash and cash equivalents unless restricted from being exchanged or used to settle a liability for
at least twelve months after the reporting period

All other assets are classified as non-current

A liability is treated as current when:

Ý It is expected to settle in the normal operating cycle.

Ý It is due to be settled within twelve months after the reporting date.

Ý There is no unconditional right to defer the settlement of the liability for at least twelve months
after the reporting period.

All other liabilities are classified as non-current.

Deferred tax assets and liabilities are classified as non-current.

Advance tax paid is classified as non-current assets.

Our Report Attached

For ANANT RAO & MALLIK For IPower Solutions India Limited

Chartered Accountants
FRN : 006266S

SD/- SD/- SD/-

V. ANANT RAO RAJENDRA NANIWADEKAR VENUGOPALAN PARANDHAMAN

Partner Director Director

M.No. :022644 DIN :00032107 DIN:00323551

Date : 30-05-2025
UDIN: 25022644BMJUSO1711

SD/- SD/-

RAGHUKUMAR KALYANAKRISHNAN SURESH SRINIVASAN
PERAMBUR CFO

Company Secretary