L. Provisions, contingent liabilities and contingent assets

Provisions are recognised when the Company has a present
obligation (legal or constructive), as a result of past event, and it is
probable that an outflow of resources embodying economic
benefits, that can be reliably estimated, will be required to settle
such an obligation. 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.

Contingent liabilities exist 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 or the amount cannot
be reliably estimated. Contingent liabilities are appropriately
disclosed unless the possibility of an outflow of resources embodying
economic benefits is remote.

A contingent asset is a possible asset arising from past events, the
existence of which will be confirmed only by occurrence or non¬
occurrence of one or more uncertain future events not wholly within
the control of the Company. Contingent assets are not recognised
till the realisation of the income is virtually certain. However, the
same are disclosed in the financial statements where an inflow of
economic benefit is possible.

M. Business combinations under common control

Business combinations involving entities or businesses under
common control are accounted for using the pooling of interest
method.

Under pooling of interest method, the assets and liabilities of the
combining entities or businesses are reflected at their carrying
amounts after making adjustments necessary to harmonise the
accounting policies. The financial information in the financial
statements in respect of prior periods is restated as if the business
combination had occurred from the beginning of the preceding
period in the financial statements, irrespective of the actual date of
the combination. The identity of the reserves is preserved in the
same form in which they appeared in the financial statements of
the transferor and the difference, if any, between the amount
recorded as share capital issued plus any additional consideration
in the form of cash or other assets and the amount of share capital
of the transferor is transferred to capital reserve.

N. Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

• The net profit or loss attributable to owners of respective
class of equity shares of the Company.

• By the weighted average number of equity shares
(respective class wise) outstanding during the financial
year.

(ii) Diluted earnings per share

Diluted earnings per share adjusts the figures used in the

determination of basic earnings per share to take into account:

• the after income tax effect of interest and other financing
costs associated with dilutive potential equity shares, and

• the weighted average number of additional equity shares
that would have been outstanding assuming the
conversion of all dilutive potential equity shares.

O. Cash and Cash equivalents

For the purpose of presentation in statement of cash flows, cash
and cash equivalents includes cash on hand, deposit held at call with
financial institution, other short term, highly liquid investments with
original maturities of 3 months or less that are readily convertible
to known amounts of cash and which are subject to an insignificant
risk of changes in value, and bank overdrafts. Bank Overdrafts are
shown within borrowings in current liabilities in Standalone balance
sheet.

P. Cash flow statement

Cash flows are reported using the indirect method, whereby profit
/ (loss) before exceptional items and tax is adjusted for the effects
of transactions of 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 based on the available information.

Q. Exceptional items

When items of income or expense are of such nature, size or
incidence that their disclosure is necessary to explain the
performance of the Company for the year, the Company makes a
disclosure of the nature and amount of such items separately under
the head "Exceptional Items".

4. Recent accounting 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. For the
year ended March 31, 2026, MCA has not notified any new standards
or amendments to the existing standards applicable to the Company.