t) Provisions & contingent liabilities

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is
probable that an outflow of resources will be required to settle the obligation and the amount can be reliably estimated.
These are reviewed at each year end and reflect the best current estimate. Provisions are not recognised for future
operating losses.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined
by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect
to any one item included in the same class of obligations may be small.

Provisions are measured at the present value of best estimate of the expenditure required to settle the present obligation
at the end of the reporting period. The discount rate used to determine the present value is a pre-tax rate that reflects
current market assessments of the time value of money and the risks specific to the liability. The increase in the provision
due to the passage of time is recognised as interest expense. - _

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will
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 that arises from past events where it is either not probable that an outflow
of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made.

u) Employee benefits

Retirement benefit in the form of contribution to provident fund is a defined contribution scheme. The Company has no
obligation, other than the contribution payable to the provident fund. The Company recognizes contribution payable to the
• provident fund scheme as an expense, when an employee renders the related service. If the contribution payable to the
scheme for service received before the balance sheet date exceeds the contribution already paid, the deficit payable to the
scheme is recognized as a liability after deducting the contribution already paid. If the contribution already paid exceeds
the contribution due for services received before the balance sheet date, then excess 'is recognized as an asset to the
extent that the pre-payment will lead to, for example, a reduction in future payment or a cash refund.

The Company's liabilities towards gratuity payable to its employees are determined using the Actuarial Valuation Report
which is obtained in accordance with Ind AS 19

Remeasurements, comprising of actuarial gains and losses are recognised immediately in the balance sheet with a
corresponding debit or credit to retained earnings through OCI in the period in which they occur. Remeasurements are not
, reclassified to profit or loss in subsequent periods.

Past service costs are recognised in profit or loss on the earlier of:

a) The date of the plan amendment or curtailment, and

b) The date that the Company recognises related restructuring costs

Net interest is calculated by applying the discount rate to the net defined benefit liability or asset. The Company recognises
the following changes in the net defined benefit obligation as an expense in the standalone statement of profit and loss:

a) Service costs comprising current service costs, past-serVice costs, gains and losses on curtailments and non-routine
settlements; and

b) Net interest expense or income.

v) Earnings Per Share

Earnings per share (EPS) is calculated by dividing the net profit or loss for the period attributable to equity shareholders by
the weighted average number of equity shares outstanding during the period. Earnings considered in ascertaining the EPS
is the net profit for the period and any attributable tax thereto for the period.

For the purpose of calculating diluted EPS, the net profit for the period attributable to equity shareholders and the weighted
average number of equity shares outstanding during the period are adjusted for the effects of all dilutive potential equity
shares.

Estimation of uncertainties relating to the global health pandemic COVID-19

The Company has considered possible effects that may result from the COVID-19 pandemic and Russia-Ukraine war in
preparation of these Standalone Financial Statements, and used relevant internal and external sources of information and
expects that these events will not have any material implications on the operations of the Company in the near future.

Critical estimates and judgements

Preparation of the Standalone Financial Statements requires use of accounting estimates, judgements and assumptions,
which, by definition, will seldom equal the actual results. Appropriate changes in estimates are made as the Management
becomes aware of changes in circumstances surrounding the estimates. Changes in estimates are reflected in the
Standalone Financial Statements in the period in which changes are made and, if material, their effects are disclosed in the
notes to the Standalone Financial Statements. This Note provides an overview of the areas that involves a higher degree of
judgements or complexity and of items which are more likely to be materially adjusted due to estimates and assumptions
turning out to be different than those originally assessed. Detailed information about each of these estimates and
judgements is included in relevant notes together with Information about the basis of calculation for each affected line item
in the Standalone Financial Statements.

The areas involving critical estimates or judgements are:

i) Estimation for income tax: Note 1 (d)

ii) Estimation of useful life of tangible assets: Note 1 (h)

iii) Estimation of provision for inventories: Note 1 (o)

iv) Allowance for credit losses on trade receivables: Note 1 (m)

v) Estimation of claims | liabilities: Note 1 (t)

vi) Estimation of defined benefit obligations: Note 1 (u)

vii) Fair value measurements: Note 31 ___

4.1 Method of Valuation of inventory for all above categories of inventory is lower of cost or net realizable
value

4.2 Refer note 12.1 for the purpose of Inventories offered as security.

4.3. Note on Inventory lying at third party and amount receivable thereof

The Company has outstanding receivables from Naaptol amounting to Rs. 113.12 (113.12) Lacs. In
addition, inventory of Utensils, lying at their warehouse amounts to Rs. 105.85 (105.85) Lacs. Naaptol has
appointed arbitrator to resolve the dispute between the company and Naaptol. Against this the company
has approached the Hon'ble High Court at Mumbai, to rescind the appointment of arbitrator appointed by
Naaptol and to seek appointment of independent arbitrator by the court. Since the matter is subject to
litigation, the management does not expect to realise the amount within twelve months from balance sheet
date. Amount receivable from Naaptol of Rs. 113.12 (113.12) Lacs is classified as Non-Current Trade
Receivables. Likewise non-moving inventory amounting to Rs. 105.85 (105.85) Lacs lying at their
warehouse is classified as Other Non-Current Asset. The company is confident of full recovery but as a
matter of prudence the company has made a provision of 50% (40%) on above.

Note 11 : Other equity

Refer to the statement of changes in equity for movement in Other equity.

Nature and purpose of reserves
General reserve

General reserve is created from time to time by way of transfer profits from retained earnings for
appropriation purposes. General reserve is created by a transfer from one component of equity to another
and is not an item of other comprehensive income.

Security premium

The amount received in excess of face value of the equity shares, in relation to issuance of equity, is
recognised in Securities Premium Reserve.

Retained earnings

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

Equity instruments through OCI

This represents the cumulative gains and losses arising on the Fair valuation of equity instruments measured
at fair value through other comprehensive income that have been recognized in other comprehensive
income.

Capital Reserve

This represents gain on money forfeited due non - payment of balance call amount after following due
procedures.

Note 13.1: The disclosure under Micro, small and medium Enterprise Development Act, 2006 in respect
of the amounts payable to such enterprises as at 31st March, 2025 has been made in the financial
statements based on information received and on the basis of such information the amount due to small
and medium enterprises is 2.75 lacs as on 31st March, 2025. No interest is paid or payable to such
enterprises due to disputes. Auditors have relied on the same.

B. Defined benefit plans:

The Company has following post employment benefits which are in the nature of defined benefit plans:

(a) Gratuity

The Company operates gratuity plan wherein every employee is entitled to the benefit as per scheme of the Company, for each completed
year of service. The benefit vests only after five years of continuous service, except in case of death/disability of employee during service.
The vested benefit is payable on separation from the Company, on retirement, death or termination.

Note 31 : Fair value Measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. The fair value measurement is based on the presumption that
the transaction to sell the asset or transfer the liability takes place either:

a) In the principal market for the asset or liability, or .

b) In the absence of a principal market, in the most advantageous market for the asset or liability.

The principal or the most advantageous market must be accessible by the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when
pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic
benefits by using the asset in its highest and best use or by selling it to another market participant that would use the
asset in its highest and best use.

The Company uses valuation techniques that are appropriate In the circumstances and for which sufficient data are
available to measure fair value, maximising the use of relevant observable inputs and minimising the use of
unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within
the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value
measurement as a whole:

a) Level 1 -- This includes financial instruments measured using quoted prices. The fair value of all equity instruments
which are traded on the Stock Exchanges is valued using the closing price as at the reporting period.

b) Level 2 — The fair value of financial instruments that are not traded in an active market (for example over-the-
counter derivatives) is determined using valuation techniques which maximise the use of observable market data and
rely as little as possible on entity-specific estimates.

c) Level 3 -- If one or more of the significant inputs is not based on observable market data, the instrument is included
in level 3

For assets and liabilities that are recognised in the financial statements on a recurring basis, the Company determines
whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest
level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

External valuers are involved, wherever required, for valuation of significant assets, such as properties, unquoted
financial assets and significant liabilities. Involvement of external valuers is decided upon by the Company after
discussion with and approval by the Company's management. Selection criteria include market knowledge, reputation,
independence and whether professional standards are maintained. The Company, after discussions with its external
valuers, determines which valuation techniques and inputs to use for each case.

At each reporting date, the Company analyses the movements in the values of assets and liabilities which are required
to be remeasured or re-assessed as per the Company's accounting policies. For this analysis, the Company verifies the
major inputs applied in the latest valuation by agreeing the information in the valuation computation to contracts and
other relevant documents. The Company also compares the change in the fair value of each asset and liability with
relevant external sources to determine whether the change is reasonable.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of
the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

This note summarises accounting policy for fair value measurement. Other fair value related disclosures are given in the
relevant notes.

Movements in Level 3 financial instruments measured at fair value

The following tables show a reconciliation of the opening and closing amounts of Level 3 financial assets and
liabilities which are recorded at fair value. Transfers from Level 3 to Level 2 occur when the market for some
securities became more liquid, which eliminates the need for the previously required significant unobservable
valuation inputs. Since the transfer, these instruments have been valued using valuation models incorporating
observable market inputs. Transfers into Level 3 reflect changes in market conditions as a result of which
instruments become less liquid. Therefore, the Company requires significant unobservable inputs to calculate
their fair value.

The following tables show the reconciliation of the opening and closing amounts of Level 3 financial assets and
liabilities measured at fair value:

Note 32 : Financial risk management

The Company's principal financial liabilities comprise of loans and borrowings, trade payables and other financial liabilities. The loans and borrowings are primarily taken
to finance and support the Company's operations. The Company's principal financial assets Include Investments, loans, cash and cash equivalents, trade receivables and
other financial assets. .

The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the management of these risks. The Company's
senior management ensures that financial risk activities are governed by appropriate policies and procedures and that financial risks are Identified, measured and
managed in accordance with the Company's policies and risk objectives. The risk management system Is relevant to business reality, pragmatic and simple and
involves the following:

Risk identification and definition: Focuses on identifying relevant risks, creating / updating clear definitions to ensure undisputed understanding along with details of
the underlying root causes / contributing factors.

Risk classification: Focuses on understanding the various impacts of risks and the level of influence on Its root causes. This Involves identifying various processes
generating the root causes and dear understanding of risk interrelationships.

Risk assessment and prioritisation: Focuses on determining risk priority and risk ownership for critical risks. This Involves assessment of the various impacts taking
into consideration risk appetite and existing mitigation controls.

Risk mitigation: Focuses on addressing critical risks to restrict their impact(s) to an acceptable level (within the defined risk appetite). This involves a dear definition
of actions, responsibilities and milestones.

Risk reporting and monitoring: Focuses on providing to the Board periodic Information on risk profile evolution and mitigation plans.

1. Market Risk

Market risk is the risk that the fair value of future cash flows of a financial Instrument will fluctuate because of changes in market prices. Market risk comprises three
types of risk; interest rate risk, currency risk and other price risk, such as equity price risk or net asset value ("NAV") risk in case of investment in mutual funds.
Financial instruments affected by market risk include investments, trade receivables, trade payables, loans and borrowings and deposits.

The sensitivity analysis in the following sections relate to the position as at March 31, 2025 and March 31, 2024.

The sensitivity of the relevant profit and loss item is the effect of the assumed changes in respective market risks. This is based on the financial assets and financial
liabilities held at March 31, 2025 and March 31, 2024.

Interest rate risk

interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes In market Interest rates. The Company's
exposure to the risk of changes in market Interest rates relates primarily to the Company's long-term debt obligations with floating interest rates.

2 Credit Risk

Credit risk Is the risk that counterparty will not meet Its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is
exposed to credit risk from Its operating activities (primarily trade receivables) and from Its financing activities, including deposits with banks and financial Institutions
and foreign exchange transactions.

Trade receivables

customer credit risk is managed by the Company's internal policies, procedures and control relating to customer credit risk management. Credit quality of a customer is
assessed based on an credit rating scorecard and credit limits are defined In accordance with this assessment. Outstanding customer receivables are regularly
monitored and any shipments to major customers are generally covered by letters of credit. As at March 31, 2025, there were 8 customers with balances greater than
Rs.100 lakhs accounting for more than 91.88% of the total amounts receivables. As at March 31, 2024 there were 8 customers with balances greater than Rs.100 lakhs
accounting for more than 89.64% of the total amounts receivables.

The Company evaluates the concentration of risk with respect to trade receivables as low, as Its customers are located in several jurisdictions and industries and
operate In largely Independent markets.

Trade receivables are non-interest bearing and are generally on 14 days to 180 days credit term. Credit limits are established for all customers based on internal rating
criteria. The Company has no concentration of credit risk as the customer base Is widely distributed both economically and geographically.

3 Liquidity Risk

The principal sources of liquidity of the Company are cash and cash equivalents, borrowings and the cash flow that Is generated from operations. It believes that current
cash and cash equivalents, tied up borrowing lines and cash flow that Is generated from operations Is sufficient to meet requirements. Accordingly, liquidity risk is
perceived to be low

The primary objective of capital management is to maintain a strong credit rating and healthy capital ratios in order to
support its business and maximise shareholder value, safeguard business continuity and support the growth of the
Company. It determines the capital requirement based on annual operating plans and long-term and other strategic
investment plans.

The Company manages its capital structure and makes adjustments to it in light of changes in economic conditions and
the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the
dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital
using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes, within net debt,
interest bearing loans and borrowings less cash and cash equivalents.

In order to achieve this overall objective, the Company's capital management, amongst other things, aims to ensure that
it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure
requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and
borrowings. There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in the
current period.

No changes were made in the objectives, policies or processes for managing capital during the years ended March 31,
2025 and March 31, 2024