(j) Contingencies /Provisions

Provision is recognized when the Company has a present obligation as a result of past event; it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation, in
respect of which a reliable estimate can be made. Provisions are not discounted to its present value and
are determined based on best estimate of the expenditure required to settle the obligation at the Balance
Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best
estimate. 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 or
a reliable estimate of the amount cannot be made.

(k) Employee Benefits Expense

Short Term Employee Benefits obligation

All employee benefits payable wholly within twelve months of rendering the service are classified as
short-term employee benefits. The undiscounted amount of short term employee benefits expected to be
paid in exchange for the services rendered by employees are recognised as an expense during the period
when the employees render the services. These benefits include compensated absences and performance
incentives.

Other long-term Employee Benefit obligations

The liabilities for earned leave which are not expected to be settled wholly within 12 months after the
end of the period in which the employees render the related service are measured on the basis of
independent actuarial valuation certificate as the present value of the expected future payments to be
made in respect of service provided by the employees upto the end of the reporting period.

Defined Contribution Plans

A defined contribution plan is a post-employment benefit plan under which the Company pays specified
contributions to a separate entity. The Company makes specified monthly contributions towards
Provident Fund, Superannuation Fund and Pension Scheme. The Company's contribution is recognised as
an expense in the Statement of Profit and Loss during the period in which the employee renders the
related service.

Defined Benefit Plans

The Company pays gratuity to the eligible employees in accordance with the payment of Gratuity act,
1972. The liability recognized in the balance sheet in respect of defined benefit gratuity plan is the
present value of the defined benefit obligation at the end of the reporting period. The defined benefit
obligations are calculated at the end of the reporting period by actuaries using the projected unit credit
method. Re-measurement of defined benefit plans in respect of post-employment are charged to the
Other Comprehensive Income.

(l) Tax Expenses

The tax expense for the period comprises current and deferred tax. Tax is recognised in Profit and Loss,
except to the extent that it relates to items recognised in the comprehensive income or in equity. In
which case, the tax is also recognised in other comprehensive income or equity.

- Current tax: Current tax assets and liabilities are measured at the amount expected to be recovered
from or paid to the taxation authorities, based on tax rates and laws that are enacted or substantively
enacted at the Balance sheet date.

- Deferred tax: Deferred tax is recognised on temporary differences between the carrying amounts of
assets and liabilities in the financial statements and the corresponding tax bases used in the computation
of taxable profit.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in
which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted
or substantively enacted by the end of the reporting period. The carrying amount of Deferred tax
liabilities and assets are reviewed at the end of each reporting period.

(m) Revenue recognition

Revenue is recognised when control of the products being sold has transferred to the customer and when
there are no longer any unfulfilled obligations to the customer. This is generally on delivery to the
customer but depending on individual customer terms, this can be at the time of dispatch, delivery or
upon formal customer acceptance. This is considered the appropriate point where the performance
obligations in our contracts are satisfied as Company no longer have control over the inventory. Revenue
is measured based on transaction price, which is the fair value of the consideration received or receivable,
stated net of discounts, returns and Indirect Taxes. No element of financing is present in the pricing
arrangement. Settlement terms range from cash-on-delivery to credit terms ranging upto 120 days.

(n) Foreign Exchange Transaction and translation

Items included in the financial statements are measured using the currency of the primary economic
environment in which the entity operates ('the functional currency'). The financial statements are
presented in Indian Rupee (INR), which is Company's functional and presentation currency. Foreign
currency transactions are translated into the functional currency using the exchange rate prevailing on
the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated
at the functional currency closing rates of exchange at the reporting date. Exchange differences arising on
settlement or translation of monetary items are recognised in Statement of Profit and Loss except to the
extent of exchange differences which are regarded as an adjustment to interest costs on foreign currency
borrowings that are directly attributable to the acquisition or construction of qualifying assets, are
capitalized as cost of assets. Non-monetary items that are measured in terms of historical cost in a
foreign currency are recorded using the exchange rates at the date of the transaction. Non-monetary
items measured at fair value in a foreign currency are translated using the exchange rates at the date
when the fair value was measured. The gain or loss arising on translation of non-monetary items
measured at fair value is treated in line with the recognition of the gain or loss on the change in fair value
of the item.

(o) Dividend Income is recorded when the right to receive payment is established. Interest income is
recognised using the effective interest method.

(p) Financial Instruments
Financial Assets

-Measurement - At initial recognition, the Company measures a financial assets at its fair value plus, in
the case of a financial assets not at fair value through profit or loss, transaction cost that are directly
attributable to the acquisition of the financial asset. Transaction cost of financial assets carried at fair
value through profit or loss are expensed off in the statement of profit or loss. Assets that are held for
collection of contractual cash flows where those cash flows represent solely payments of principal and
interest are measured at amortized cost. A gain or loss on a debts investment that is subsequently
measured at amortized cost and is not part of a hedging relationship is recognised in profit or loss when
the assets is derecognized or impaired. Interest income from these financial assets is included in finance
income using the effective interest rate method.

-Investment - The Company account for its investments in subsidiaries, associates and joint venture at
cost and all other equity investments are measured at fair value, with value changes recognised in
Statement of Profit and Loss, except for those equity investments for which the Company has elected to
present the value changes in Other Comprehensive Income.

- Impairment of financial assets - The Company assesses on a forward-looking basis the expected credit
losses associated with its assets carried at amortized cost. The impairment methodology applied depends
on whether there has been a significant increase in credit risk. For trade receivables Company applies
simplified approach which requires expected lifetime losses to be recognized from initial recognition of
the receivables.

Financial liabilities

- Initial recognition and measurement

All financial liabilities are recognized at fair value and in case of loans, net of directly attributable cost.
Fees of recurring nature are directly recognized in the Statement of Profit and Loss as finance cost.

- Subsequent measurement

Financial liabilities are carried at amortized cost using the effective interest method. For trade and other
payables maturing within one year from the balance sheet date, the carrying amounts approximate fair
value due to the short

Derecognition of financial instruments -The Company derecognizes a financial asset when the contractual
rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer
qualifies for derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is
derecognized from the Company's Balance Sheet when the obligation specified in the contract is
discharged or cancelled or expires.

(q) Earning per Share

Basic earnings per share is calculated by dividing the profit attributable to owners of the Company by the
weighted average number of equity shares outstanding during the financial year, adjusted for bonus
elements in equity shares issued during the year. The Company did not have any potentially dilutive
securities in any of the years presented.

(r) Costs and expenses are recognized when incurred and have been classified according to their nature.

(s) Use of estimates and judgements

The preparation of financial statements in conformity with the recognition and measurement principles of
Ind AS requires the management to make estimates and assumptions that affect the balances of assets
and liabilities, disclosures of contingent liabilities as at the date of the financial statements and the
reported amounts of income and expenses for the periods presented. The Company has a policy to review
these estimates and underlying assumptions on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimates are revised and future periods are affected.

(t) Leases

The Company, as a lessee, recognizes a right-of-use asset and a lease liability for its leasing arrangements,
if the contract conveys the right to control the use of an identified asset.

The contract conveys the right to control the use of an identified asset, if it involves the use of an
identified asset and the Company has substantially all of the economic benefits from use of the asset and
has right to direct the use of the identified asset. The cost of the right-of-use asset shall comprise of the
amount of the initial measurement of the lease liability adjusted for any lease payments made at or
before the commencement date plus any initial direct costs incurred. The right-of-use assets is
subsequently measured at cost less any accumulated depreciation, accumulated impairment losses, if any
and adjusted for any remeasurement of the lease liability. The right-of-use assets is depreciated using the
straight-line method from the commencement date over the shorter of lease term or useful life of right-
of-use asset.

The Company measures the lease liability at the present value of the lease payments that are not paid at
the commencement date of the lease. 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
Company uses incremental borrowing rate. For short-term and low value leases, the Company recognises
the lease payments as an operating expense on a straight-line basis over the lease term.

The Company has ongoing disputes with income tax authorities relating to tax treatment of certain items. These
mainly includes disallowed expenses, tax treatment of certain expenses claimed by the Company as deductions, and
computation of, or eligibility of, certain tax incentives or allowances. The Company has contingent liability in respect
of demands from direct tax authorities in India, which are being contested by the Company on appropriate level.
Refer Note No.-35. The Company periodically receives notices and inquiries from income tax authorities related to
the Company's operations in the jurisdictions it operates in. The Company has evaluated these notices and inquiries
and has concluded that any consequent income tax claims or demands by the income tax authorities will not succeed
on ultimate resolution.

Financial risk management

The Company has exposure to the following risks arising from financial instruments:

i. Credit risk - Credit risk is the risk that counterparty will not meet its obligations leading to a financial loss. The
Company is exposed to credit risk arising from trade receivables. All financial assets are initially considered
performing and evaluated periodically for expected credit loss. A default on a financial asset is when there is a
significant increase in the credit risk which is evaluated based on the business environment. The assets are
written off when the Company is certain about the non-recovery.

a. Trade receivables - The Company has an established credit policy and a credit review mechanism. The
concentration of credit risk arising from trade receivables is limited due to large customer base. Management
believes that the unimpaired amounts that are past due are collectible in full, based on historical payment
behaviour and analysis of customer credit risk.

b. Financial instruments and cash deposits - Company periodically reviews the credit risk arising from balances /
deposits with banks, other financial assets and current investments, if any, and manage the same accordingly.

ii. Liquidity risk

Liquidity risk is the risk that the Company may encounter difficulty in meeting its obligations. The company
monitors rolling forecast of its liquidity position on the basis of expected cash flows. The Company's approach is
to ensure that it has sufficient liquidity or borrowing headroom to meet its obligations at all point in time. The
following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are
gross and undiscounted.

iii. Market risk

Market risk is the risk that the fair value of the future cash flows will fluctuate because of changes in the market
prices such as currency risk, interest rates risk and commodity price risk.

a) Currency risk - The company's operates its business only in Indian territory and as such there is no foreign
exchange risk to the Company.

b) 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 interest rate risk can also impact the provision for
retiral benefits. The Company generally utilises fixed rate borrowings and therefore not subject to interest rate
risk, since neither the carrying amount nor the future cash flows will fluctuate because of change in the market
interest rates. The Company is not exposed to significant interest rate risk as at the respective reporting dates.

c) Commodity risk - The Company is exposed to the fluctuations in commodity prices mainly for H. R. Coils.
Mismatch in demand and supply, adverse market conditions, market expectations etc., can lead to price
fluctuations. The Company manages these price fluctuations by entering into the MOUs with the major supplier.

Capital Management

The Company's objective for capital management is to maximize shareholder's wealth, safeguard business
continuity and support the growth of the Company. The Company determines the capital management
requirement based on annual operating plans and long term and other strategic investment plans. The funding
requirements are met through optimum mix of borrowed and own funds. The Company's adjusted net debt to
equity position was as follows:

35.2 The Company has no capital commitments during the current and previous year.

36 The Company is predominantly engaged in the single business segment of Metal sector.

37 The previous year figures have been regrouped/ reclassified, wherever necessary to conform to the current
year presentation.

38 Quarterly Statement filed by the Company with the Bank are in agreement with the books of accounts.

39 Other statutory informations

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

ii) The Company do not have any transactions with struck off companies under Section 248 of the Companies
Act, 2013 or Section 560 of Companies Act, 1956.

iii) The Company do not have any charges or satisfaction which is yet to be registered with Registrar of
Companies (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 advanced or loaned or invested funds to any other person or entity, 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.

vi) The Company has not received any fund from any person or entity, 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.

vii) The Company has not 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.

viii) The Company has not been declared a wilful defaulter by any bank or financial institution or other lender (as
defined under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful
defaulters issued by the Reserve Bank of India.

In terms of our annexed report of even date

For Mehra Goel & Co.

Chartered Accountants For and on behalf of the Board of Directors

FRN No. 000517N

Sd/- Sd/- Sd/-

Devinder Kumar Aggarwal Ramesh Chander Khandelwal Pramod Khandelwal

Partner Chairman & Whole -time Director Managing Director

Membership No. 087716 DIN : 00124085 DIN : 00124082

Date : 26.05.2025 Sd/- Sd/-

Place : New Delhi Vidushi Srivastava Ram Avtar Sharma

Company Secretary CFO

PAN : CRXPS3243R PAN : AMTPS3388J