Calls unpaid : - The company is reconciling the details of number of shares against the amount of calls in arrears.

Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The final dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of the equity shares will be entitled to receive the remaining assets of the Company. The distribution will be in proportion to the number of equity shares held by the shareholders.

Nature and purpose of reserves

i) Capital redemption reserve

Capital reserve represents special capital incentive received from SICOM limited in 1995.

ii) General reserve

General Reserves are created out of profits and kept aside for general purpose and financial strengthening of the Company, they don’t have any special purpose to fulfill and can be used for any purpose in future.

iii) Retained earnings

Retained earnings represents the cumulative profits of the Company and effects of remeasurements of defined benefits obligations.

iv) Other comprehensive income

Other comprehensive income comprises of re-measurement gains/(losses) of defined benefit obligations.

Note: 1) The Company being in the business of production of Steel Wire Ropes, Strands, Slings, Three Pulley Type Regulating Equipments, Section Insulator Assembly and allied products undertakes contracts as provided by the issuer.

2) Revenue from sale of products and services is recognized as per the terms of contract.

3) Credit Terms - Customers are given average credit period of 45 to 60 days for payment.

Note: 1. Finished goods include goods assorted as ready for dispatch stated as per the stock records maintained, valued at actual cost or Net realisable value whichever is less on FIFO Basis.

2. The Work in Process include unassorted unpacked goods valued at actual cost of production till the stage of completion which is as per stock records maintained.

Fair value hierarchy

The fair values of the financial assets and liabilities are included at the amount 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

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognised and measured at fair value and (b) measured at amortised cost and for which fair values are disclosed in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the Company has classified its financial instruments into three levels prescribed under the Ind AS. An explanation for each level is given below.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instruments are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in this level, Income Approach - the discounted cash flow menthod was used to capture the present value of the expected future economic benefits.

a) The fair values of the financial assets & financial liabilities included in Level 3 category above have been determined in accordance with generally accepted pricing models based on a discounted cash flow analysis, with the most significant inputs being the discount rate that reflects the credit risk of counterparties.

b) The carrying amounts of trade receivables, cash and cash equivalents, bank balances other than cash and cash equivalents, current loans, other current financial assets, current borrowings, trade payables and other financial liabilities approximates the fair values due to the short-term maturities of these financial assets / liabilities.

c) There have been no transfers between level 1, level 2 and level 3 for the years ended 31st March, 2025 and 31st March, 2024.

Note ‘33’

Financial risk management A) Credit risk

The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities, including deposits with banks and other financial instruments. Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. To manage this, the Company periodically assesses the financial reliability of counter party, taking into account the financial condition, current economic trends, and the analysis of historical bad debts and ageing of accounts receivable etc. Individual risk limits are set accordingly.

Trade receivables

The Company extends credit to customers in normal course of business. The Company considers factors such as credit track record in the market and past dealings for extension of credit to customers. The Company monitors the payment track record of the customers. Outstanding customer receivables are regularly monitored. 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. The Company has also taken advances from certain customers, which mitigate the credit risk to an extent.The ageing analysis of the trade receivables (other than due from related parties) has been considered from the date the invoice falls due.

(B)'Liquidity risk

i) Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price. For the Company, liquidity risk arises from obligations on account of financial liabilities - borrowings, trade payables and other financial liabilities.The Company's approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation. The Company manages liquidity risk by maintaining adequate reserves, by continuously monitoring forecast and actual cash flows and matching the maturity profiles of the financial assets and liabilities.The Company regularly monitors liquidity position through rolling forecast based on estimated free cash flow generated from business.

ii) Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilitie at the reporting date. The contractual cash flow amounts are gross and undiscounted.

(C) Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity prices 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. The sensitivity analysis excludes the impact of movements in market variables on the carrying value of post-employment benefit obligations provisions and on the non-financial assets and liabilities. The sensitivity of the relevant profit and loss item is the effect of the assumed changes in respective market risks.

(D) Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign currency rates. There were no foreign currency exposure as at 31 March 2025 and 31 March 2024.

(E) Interest Rate Risk

Interest rate risk is the risk that the fair value of future cash flows of the financial instruments will fluctuate because of changes in market interest rates. In order to optimize the Company's position with regards to interest income and interest expenses and to manage the interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of fixed rate and floating rate financial instruments in its total portfolio.

Exposure to interest rate risk

The Company is not exposed to significant interest rate risk as at the respective reporting date.

Note ‘34’

Capital Management

For the purpose of the Company's capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity shareholders. The primary objective is to maximise the shareholders value, safeguard business continuity and support the growth of the Company. The Company determines the capital requirement based on annual operating plans and long-term and other strategic investment plans. The funding requirements are met through equity, operating cash flows generated and external borrowings.

The Company manages its capital structure and makes adjustments 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.

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 year ended 31 March 2025 and year ended 31 March 2024.

Note ‘35’

Gratuity and other long term benefit plans

The Company operates a defined benefit plan, viz., gratuity for its employees. Under the gratuity plan, every employee who has completed at least five years of service gets a gratuity on departure @ 15 days of last drawn salary for each completed year of service. The scheme is Un-funded.

The following tables summarise the components of net benefit expenses recognised in the statement of profit and loss and the funded status and amounts recognized in the balance sheet for gratuity.

Note ‘36’

Contingent Liabilities

(a) There are no contingent liabilities as at 31st March, 2025 and as at 31st March, 2024

(b) There is no commitments made by the Company.

Note ‘38’

Segment Information

Operating Segment

The Company publishes the standalone financial statements along with the consolidated financial statements. In accordance with the Ind AS 108, ‘Operating Segments' the company has disclosed the segment information in the consolidated financial statements and therefore no separate disclosure on segment information is given in the standalone financial statements for the year ended 31st March, 2025.

The Company's main business is Steel Wire Ropes Manufacturing in India. All other activities of the Company revolve around the main business. As such, there are no separate reportable segments, as per the Indian Accounting Standard (Ind AS) 108 on ‘Segment Reporting'. Accordingly, the amounts appearing in the financial statements relate to the Company's single business segment.

Leases

Office premises is on rental basis and risks & rewards of ownership are retained by the lessor. The Rent is charged to profit and loss account. The office premises is on rental basis as a leave and licence agreement is short term in nature, therefore no further disclosures have been made.

Note: Explanation for Change in ratio by more than 25%

(d) Return on Equity Ratio: The decrease in ratio is due to an decrease in profitability as compared to the previous year.

(f) Trade Receivables Turnover Ratio: Variance driven by higher sales volume.

(g) Trade Payables Turnover Ratio: Variance attributable to Reduced credit terms.

(h) Net Capital Turnover Ratio: Variance driven by higher sales volume

(i) Net Profit Ratio: The decrease in ratio is due to an decrease in profitability as compared to the previous year.

(j) Return on Capital Employed: The decrease in ratio is due to an decrease in profitability as compared to the previous year.

(k) Return on investment: The decrease in ratio is due to an decrease in profitability as compared to the previous year.

Note ‘43’

Other Statutory Information

1. The Company does not have any transaction with struck off Companies.

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

3. The Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken as at Balance sheet date.

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

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

6. The Company does 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)

7. The Company is in compliance with the number of layers prescribed under Clause (87) of Section 2 of the Companies Act read with the Companies (Restriction on number of Layers) Rules, 2017.

8. 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.

9. 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.

10. The Company is not declared willful defaulter by any bank or financial institution or lender during the year

Note ‘44’

Audit trail reporting

The Ministry of Corporate Affairs (MCA) has prescribed a requirement for companies under the proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 inserted by the Companies (Accounts) Amendment Rules 2021 requiring companies, which uses accounting software for maintaining its books of accounts, shall use only such accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in the books of accounts along with the date when such changes were made and ensuring that the audit trail cannot be disabled.

The Company has been maintaining its books of accounts in the Tally which has feature of recording audit trail of each and every transaction, creating an edit log of each change made in books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled, throughout the year as required by proviso to sub rule (1) of Rule 3 of The Companies (Accounts) Rules, 2014 known as the Companies (Accounts) Amendment Rules, 2021. However, the audit trail feature is not enabled for direct changes to data in the underlying database.

Note ‘45’

Prior period comparatives

Previous year's figures have been regrouped/reclassified wherever necessary to correspond with current year's classifications / disclosures.

Note ‘46’

Other Notes to Accounts

1. No significant adjusting event occurred between the balance sheet date and date of the approval of these financial statements by the Board of Directors of the Company requiring adjustment or disclosure.

2. Figures representing Rs. 0.00 Lakh are below Rs. 1,000.