The company has one class of equity shares having a par value of Rs.10 each. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

Deficit before asset ceiling

The Company expects to make the contribution of Rs.25.44 lakhs (as at 31⁵¹ March, 2024 Rs.0.63 lakhs) to the defined benefit plan during the next financial year.

Assumptions regarding future mortality for pension and medical benefits are set based on actuarial advice in accordance with published statistics and experience. These assumptions translate into an average life expectancy in years for a pensioner retiring age.

(v) Brief description of the Plans & risks

These plans typically expose the Company to actuarial risks such as: Investment risk, interest risk, longevity risk and salary risk.

Investment risk:

The present value of the defined benefit plan liability is calculated using a discount which is determined with reference to market yields at the end of the reporting period on government bonds. Plan investment is a mix of investments in government securities, other debt instruments and equity shares of listed companies.

Interest risk:

A decrease in the bond interest rate will increase the plan liability. However, this will be partially offset by an increase in the return on the plan’s debt instruments, if any.

Longevity risk:

The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan participants will increase the plan's liability.

Salary risk:

The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants. As such, an increase in the salary of plan participants will increase the plan’s liability.

The above sensitivity analysis are based on a change in an assumption while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as and when calculating the defined benefit liability recognised in the balance sheet,

(viii) The weighted average duration of the defined benefit obligation is 11.38 years (March 31,2024 - 7.24 years).

(ix) Other Employee Benefit Obligations:

The Company makes Provident Fund and Employees State Insurance scheme contributions which are defined contribution plans for qualifying employees Under the schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company has recognized ? 164 33 lakhs (Y.E. 31.03 2024 Rs 157 55 lakhs) as contribution to Provident Fund and ? 49.75 lakhs (Y.E. 31.03.2024 Rs. 51.15 lakhs) as contribution to Employees State Insurance Scheme in the Statement of Profit and Loss These contributions have been made at the rates specified in the rules of the respective schemes and has been recognized in the Statement of Profit and Loss under the head Employee Benefit Expenses

18.1 The Company has borrowings from banks on the basis of security of current assets in excess of Rs. 5 crores. There are no material disagreements between the quarterly returns or statements of current assets filed by the Company with banks or financial institutions with the books of accounts duly reckoning the reasons for disagreements and reconciliations therefor. [Refer Note No 49]

(i) Fair value hierarchy

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 group has classified its financial instruments into the three levels prescribed under the accounting standard. An explanation of each level follows underneath the table.

Level 1: Hierarchy includes financial instruments measured using quoted prices This includes listed equity instruments, traded bonds and mutual funds that have quoted price. The fair value of all equity instruments (including bonds) which are traded in the stock exchanges is valued using the closing price as at the reporting period. The mutual funds are valued using the dosing NAV.

Level 2: The fair value of financial instruments that are not traded in an active market (for example, traded bonds, 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 If all significant inputs required to fair value an instrument are observable, the instrument is induded in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is induded in level 3. This is the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3.

There are no transfers between levels 1 and 2 during the year.

The Company's policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period.

(ii) Valuation technique used to determine fair value

The carrying amounts of trade receivables, trade payables, loans, deposits, advances, borrowings, cash and cash equivalents and other current finandal liabilities are considered to be the same as their fair values, due to their short-term nature.

33. Financial risk management

The Company’s activities expose it to market risk, liquidity risk and credit risk.

(A) Credit risk

Company faces credit risk from cash and cash equivalents, deposits with banks and financial institutions and unsecured trade receivables. The Company doesn't face any credit risk with other financial assets

(i) Credit risk management

Credit risk on deposit is mitigated by depositing the funds in scheduled and reputed private sector banks.

For trade receivables, the primary source of credit risk is that these are unsecured Apart from this, the Company sells the products to customers only when the collection of trade receivables is certain and whether there has been a significant increase in the credit risk on an on-going basis is monitored throughout each reporting period. As at the balance sheet date, based on the credit assessment the historical trend of low default is expected to continue. An impairment analysis is performed at each reporting date on an individual basis for major clients. Any recoverability of receivables is provided for based on the impairment assessment.

Credit risk on cash and cash equivalents is limited as the Company generally invest in deposits with banks and financial institutions with high ratings assigned by international and domestic credit rating agencies. Ratings are monitored periodically and the Company has considered the latest available credit ratings as at the date of approval of these financial statements.

(B) Liquidity risk

Objective of liquidity risk management is to maintain sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due Management monitors rolling forecasts of the Company's liquidity position (comprising the undrawn borrowing facilities below) and cash and cash equivalents on the basis of expected cash flows. The Company's liquidity management policy involves projecting cash flows in major currencies and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios against internal requirements

The bank overdraft facilities may be drawn at any time and may be terminated by the bank without notice. Subject to the continuance of satisfactory credit ratings, the bank loan facilities may be drawn at any time in INR and have an average maturity of 1 year.

(ii) Maturities of financial liabilities

The tables below analyse the Company's financial liabilities into relevant maturity groupings based on their contractual maturities for:

(a) all non-derivative financial liabilities, and

(b) net and gross settled derivative financial instruments for which the contractual maturities are essential for an understanding of the timing of the cash flows.

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant

(C) Market risk

(i) Foreign currency risk

The company activities expose it to foreign exchange risk arising from foreign currency transactions, primarily with respect to the USD and balance in EURO. Foreign exchange risk arises from future commercial transactions and recognised assets and liabilities denominated in a currency that is not the company's functional currency (INR). The risk is measured through a forecast of highly probable foreign currency cash flows

(ii) Equity Price Risk

Equity price risk is related to the change in market reference price of the investments in equity securities. The fair value of sum of the Company's investments measure at fair value through other comprehensive income exposes to the Company to Equity price risks. These investments are subject to change in the market price of securities

The fair value of Company's investment quoted equity securities as of 31⁶¹ March. 2025 and 31* March, 2024 was Rs 36,696.68 lakhs and Rs 34,820 57 lakhs respectively.

A 5% change in equity price of 31^s' March, 2025 and 31^st March, 2024 would result in impact of Rs. 1,834 83 lakhs and Rs. 1,741.03 lakhs respectively.

(iii) Interest Rate Risk

a. Assets: The Company hold interest bearing assets in the form of fixed deposits with banks. The variation in interest risks is managed distributing deposits among wide base of banks.

34. Capital management (a) Risk management

The Company's objectives when managing capital are to

• safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and benefits for other stakeholders, and

• maintain an optimal capital structure to reduce the cost of capital.

In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders, return capital to shareholders, issue new shares or sell assets to reduce debt.

36. Contingent liabilities

Other monies for which the Company is contingently liable

i) Income Tax Dues - 2.71

Future Cash flows in respect of the above matters are determinable only on receipt of judgements / decisions pending at various forums / authorities. Management is hopeful of successful outcome in the proceedings.

Disputed tax dues are appealed before concerned appellate authorities. The Company is advised that the cases are likely to be disposed off in favour of the Company and hence no provision is considered necessary therefor.

37. Commitments Capital commitments

Capital expenditure contracted for at the end of the reporting period but not recognised as liabilities is as follows:

38. Provision of Rs. 33.61 lakhs [Previous year Rs. 29.60 lakhs] for self-generation tax towards Wind Energy has been made. Cumulative disputed liability recognised as on 31.3.2025 is Rs. 336.49 lakhs (as on 31.3.2024 Rs. 302.88 Lakhs)

39 The financial statements were approved for issue by the Board of directors on 12^,h May, 2025.

41 The final dividend on shares is recorded as liability on the date of approval by the shareholders

Dividend declared by the company are based on the profits available for distribution.

The Board of Directors have recommended a dividend of Rs.2.50/- per equity share of the face value of Rs. 10 each, subject to the approval of the shareholders at the ensuing Annual General Meeting This will result in a total dividend outgo of Rs.76.79 Lakhs.

Details of the items included in numerator and denominator for computing the above ratios: a Capital Employed refers to sum of (Share Capital Reserves and Surplus - Intangible assets Lease liabilities Deferred tax liabilities Total debt-borrowing) b Earnings before interest and taxes = (Profits after current and deferred taxes Finance Cost Current taxes Deferred taxes)

c Earnings available for Debt servicing = (Net Profit after current and deferred taxes Depreciation Finance Costs (including Interest on Lease Liabilities) - Profit on sale of assets - Dividend Income - Interest Income)

46, There are no exceptional items during the year. For the previous year ended 31.03.2024, exceptional Item of Rs. 211.38 Lakhs represents net gain on compensation received on compulsory acquisition of land by the Government of Tamilnadu.

47, Code on Social Security, 2020 approved by Indian Parliament has not yet been notified. As such the Company is awaiting the notification of the subject rules. Once the same is notified the Company will assess the financial impact and give the appropriate impact in its financial statements in the period in which, the code becomes effective.

48, Additional Regulatory Disclosures as per Schedule III of Companies Act, 2013

i) There are no proceedings initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act 1988 and rules made there under.

ii) There are no transactions not recorded in the books of accounts that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act 1961.

iii) The company has not been declared as a wilful defaulter by any bank or financial institution or government or any government authority

iv) The company has not traded or invested in Crypto currency or virtual currency during the financial year ended March 31, 2025.

v) The Company has not (which are material either individually or in the aggregate) advanced or loaned or invested any funds (either from borrowed funds or share premium or any other sources or kind of funds) in any other person or entity, including foreign entity (“Intermediaries’ ), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

vi) The Company has not (which are material either individually or in the aggregate) received any funds from any person or entity, including foreign entity ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

vii) No scheme of arrangement has been approved by the competent authority in terms of Section 230 to 237 of the Companies Act, 2013

viii) The Company does not have any transactions with the struck-off companies for the year ended 31" March, 2025 and for the year ended 31^u March, 2024.

The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due.

Lease liabilities are monitored within the Company 's treasury function. All lease obligations are denominated in currency units.

51. The figures of the previous year have been regrouped/rearranged where ever necessary to confirm with current year figures.

All the figures have been rounded off to lakhs unless stated otherwise. Discrepancies, if any, in between the totals and the sum of the items forming part of such totals are due to rounding off in the financial statements. Wherever figures, are indicated as 0.00 lakhs, it represents value less than Rs. 0.01 lakhs due to rounding off to the nearest lakhs.