ix. Provisions & Contingent Liability:

All the provisions are recognized as per Ind AS
37. 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 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 some or all of the economic benefits
required to settle a provision are expected to
be recovered from a third party, the receivable
is recognized as an asset, if it is virtually
certain that reimbursement will be received
and the amount of the receivable can be
measured reliably.

Provisions for onerous contracts are recognized
when the expected benefits to be derived by
the Company from a contract are lower than
the unavoidable costs of meeting the future
obligations under the contract. Provisions for
onerous contracts are measured at the present
value of lower of the expected net cost of
fulfilling the contract and the expected cost of
terminating the contract.

Contingent liabilities are possible obligations
that arises from past events, the existence
of which would be confirmed only by the
occurrence or non-occurrence of one or more
uncertain future events not wholly within the
control of the company or a present obligation
for which payment is not probable or the
amount cannot be measured reliably. These
are disclosed in the financial statements till the
possibility of any outflow in settlement is remote

x. Non- Current Assets Held for Disposal:

Company classifies a non-current asset as held
for sale if its carrying amount will be recovered
principally through a sale transaction. This
condition is principally met only when the asset
is available for immediate sale in its present
condition and its sale is highly probable.

xi. Statement of Cash flows

Statement of Cash flows is prepared as per
indirect method prescribed in the Ind AS 7
'Statement of Cash Flows'. Cash flows are
reported using the indirect method, whereby
net profit before tax is adjusted for the effects
of transactions of a non-cash nature and any
deferrals or accruals of past or future cash
receipts or payments. The cash flows from

operating, investing and financing activities of
the Company are segregated.

For the purposes of the cash flow statement,
cash and cash equivalents include cash on
hand, in banks and demand deposits with banks,
net of outstanding bank overdrafts that are
repayable on demand and are considered part of
the Company's cash management system.

Certain arrangements entered with financiers
have been classified as borrowings by the
Company. The Company presents cash outflows
to settle the liability arising from financing
activities in its statement of cash flows.

xii. Revenue recognition:

Revenue from contracts with customers is
recognized when control of the goods or
services is transferred to the customer at an
amount that reflects the consideration to which
the Company expects to be entitled in exchange
for those goods or services.

If the consideration in a contract includes a
variable amount, the Company estimates the
amount of consideration to which it will be entitled
in exchange for transferring the goods to the
customer. The variable consideration is estimated
at contract inception and constrained until it is
highly probable that a significant revenue reversal
in the amount of cumulative revenue recognized
will not occur when the associated uncertainty
with the variable consideration is subsequently
resolved. Revenue is adjusted for variable
consideration such as discounts, rebates, refunds,
credits, price concessions, incentives, or other
similar items in a contract when they are highly
probable to be provided.

All revenue from sale of goods is recognized at
a point in time.

The timing of transfer of control in case of sale
of goods varies depending upon individual
transfer terms of the contract.

Export sales: In Export sales control passes to
the customer on the date of Bill of Lading.

Domestic sales: Control passes to the customer
on the date of delivery which is generally the
forwarding note (rail dispatches)/ lorry receipt/
delivery challan. However, in case of spot auction
under electronic mode, control passes to the
customer on conclusion of the auction and
receipt of money.

Obsolete stores & scrap: Control passes to the
customer on the date of realization.

Contract asset

A contract asset is the right to consideration
in exchange for goods or services transferred
to the customer. If the Company performs by
transferring goods or services to a customer
before the customer pays consideration or before
payment is due, a contract asset is recognized for
the earned consideration that is conditional.

Trade receivables

A receivable represents the Company's right to
an amount of consideration that is unconditional
(i.e., only the passage of time is required before
payment of the consideration is due).

Contract liability

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. If a customer pays consideration
before the Company transfers goods or services
to the customer, a contract liability is recognized
when the payment is made or the payment is
due (whichever is earlier). Contract liabilities
are recognized as revenue when the Company
performs under the contract.

xiii. Finance income and expense

Finance income consists of interest income on
funds invested, dividend income and gains on
the disposal of Fair value through profit and
loss account financial assets. Interest income is
recognized as it accrues in the statement of profit
and loss, using the effective interest method.

Dividend income is recognized in the statement
of profit and loss on the date the Company's
right to receive payment is established.

Finance expenses consist of interest expense
on loans and borrowings. Borrowing costs are
recognized in the statement of profit and loss
using the effective interest method.

Foreign currency gains and losses are reported
on a net basis. This includes changes in the fair
value of foreign exchange derivative instruments,
which are accounted at fair value through
profit or loss.

xiv. Income tax

Tax comprises current and deferred tax. Income
tax expense is recognized in the statement of

profit and loss except to the extent it relates to

items directly recognized in equity or in other

comprehensive income.

a) Current income tax

Current income tax for the current and
prior periods are measured at the amount
expected to be recovered from or paid to
the taxation authorities based on the taxable
income for the period. The tax rates and tax
laws used to compute the current tax amount
are those that are enacted or substantively
enacted by the reporting date and applicable
for the period. The Company offsets current
tax assets and current tax liabilities, where it
has a legally enforceable right to set off the
recognized amounts and where it intends
either to settle on a net basis or to realize the
asset and liability simultaneously.

b) Deferred income tax

Deferred income tax is recognized using the
balance sheet approach. Deferred income
tax assets and liabilities are recognized
for deductible and taxable temporary
differences arising between the tax base
of assets and liabilities and their carrying
amount in financial statements, except
when the deferred income tax arises from
the initial recognition of goodwill or an
asset or liability in a transaction that is not
a business combination and affects neither
accounting nor taxable profits or loss at the
time of the transaction. Deferred income
tax asset is recognized to the extent that
it is probable that taxable profit will be
available against which the deductible
temporary differences, and the carry
forward of unused tax credits and unused
tax losses can be utilized. Deferred income
tax liabilities are recognized for all taxable
temporary differences. The carrying amount
of deferred income tax assets is reviewed
at each reporting date and reduced to the
extent that it is no longer probable that
sufficient taxable profit will be available
to allow all or part of the deferred income
tax asset to be utilized. Deferred income
tax assets and liabilities are measured at
the tax rates that are expected to apply
in the period when the asset is realized or
the liability is settled, based on tax rates
(and tax laws) that have been enacted or
substantively enacted at the reporting date.

xv. Earnings per share

Basic earnings per share is computed using
the weighted average number of equity shares
outstanding during the year.

Diluted EPS is computed by dividing the net
profit after tax by the weighted average number
of equity shares considered for deriving basic
EPS and also weighted average number of
equity shares that could have been issued upon
conversion of all dilutive potential equity shares.
Dilutive potential equity shares are deemed
converted as of the beginning of the year,
unless issued at a later date. Dilutive potential
equity shares are determined independently
for each year presented. The number of equity
shares and potentially dilutive equity shares are
adjusted for bonus shares, as appropriate.

xvi. Borrowing costs:

Borrowings costs directly attributable to
acquisition or construction 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 perioc
in which it occurs. Borrowing costs consists of
interest and other costs that an entity incurs in
connection with the borrowing of funds.

xvii. Lease:

a. Lease liability is initially recognised and
measured at an amount equal to the
present value of minimum lease payments
during the lease term that are not yet paid.

b. Right of use asset is recognised and
measured at cost, consisting of initial
measurement of lease liability plus any
lease payments made to the lessor at or
before the commencement date less any

In terms of our report of even date

For M/s. Sharad & Associates For and on behalf of the Board of Directors

Chartered Accountants
FR No: 06377S

(Sharad Sinha) (Priyadarshini Gaddam) (Amitava Mukherjee)

Partner Director (Personnel) & Chairman-cum-

Director (Finance) (Addl. Charge) Managing Director

Membership No.: 202692 DIN:10977645 DIN :08265207

Place : Hyderabad (K.Raj Shekhar) (Aniket Kulshreshtha)

Dated : 27th May 2025 Chief Financial Officer Company Secretary