2.11 Provisions, Contingent Liabilities and Contingent Assets

A provision shall be recognised when:

(a) an entity has a present obligation as a result
of a past event;

(b) it is probable that an outflow of resources embodying
economic benefits will be required to settle the
obligation; and

(c) a reliable estimate can be made of the amount of
the 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.

A Contingent liability is not recognised but disclosed in the
notes to the accounts, unless the probability of an outflow
of resources is remote.

A contingent asset is generally neither
recognised nor disclosed.

2.12 Revenue Recognition

Effective April 1, 2018, the company adopted Ind AS 115,
"Revenue from contracts with customers". The effect of
adoption of Ind AS 115 was insignificant. The following
is a summary of significant accounting policies related to
revenue recognition.

Revenue is recognised upon transfer of control of promised
product or services to customer in an amount that reflects
the consideration the company expects to receive in
exchange for those product or service, regardless of when
the payment is received. Revenue is measured at the
Transaction price, excluding amounts collected on behalf
of the third parties. The amount disclosed as revenue is
net of returns, trade discounts, volume rebates, Goods
and Services Tax. The company recognizes revenue when
the amount of revenue can be measured reliably and it is
probable that the economic benefits associated with the
transaction will flow to the entity.

The specific recognition criteria for the various types of the
company's activities are described below:

(i) Sales of goods

Revenue from sale of goods is recognised at the point
in time when control of the goods are transferred to
the customers, the customer has full discretion over
the channel and price to sell the products, there is no
unfulfilled obligation that could affect the customer's
acceptance of the products and the company
retains neither continuing managerial involvement
to the degree usually associated with ownership
nor effective control over the goods sold. The said
conditions are generally fulfilled upon delivery of
goods to the customers.

Delivery occurs when the goods have been shipped to the
specific location, the risks and rewards of obsolescence
and loss have been transferred to the customer, and either
the customer has accepted the goods in accordance with
the sale contract, the acceptance provisions have lapsed,
or the company has objective evidence that all criteria for
acceptance have been satisfied.

(ii) Services

Revenue from sale of services is recognised on the
basis of the stage of completion. When the contract
outcome cannot be measured reliably, revenue is
recognised only to the extent that the expenses
incurred are eligible to be recovered.

(iii) Export Incentives

Revenue in respect of the export incentives incentives
are recognized on accrual basis in the period in which
the related exports have been made.

Revenue in respect of the RoDTEP export incentives are
recognized in the period in which the related exports
have been made based at an estimated value based on
historical realisations, taking into consideration the type
of transaction and the specifics of each arrangement.

(iv) Power Generation

Sale of power is recognised on the basis of meter
reading confirmed by buyers in accordance with the
respective agreement.

Renewable Energy Certificate are accounted for on
certification of energy sale quantity by the buyer and is
valued at minimum sale price fixed by Central Electricity
Regulatory Authority after adjusting expected outgo.

(v) Interest

Income from interest is recognized using the effective
interest rate (EIR). EIR is the rate that exactly discounts
the estimated future cash payments or receipts
over the expected life of the financial instrument
or a shorter period, where appropriate, to the
gross carrying amount of the financial asset. When
calculating the effective interest rate, the Company
estimates the expected cash flows by considering all
the contractual terms of the financial instrument but
does not consider the expected credit losses.

(vi) Dividend

Dividend income is recognized when the right to
receive the payment is established.

(vii) Insurance and other claims are recognized when no
significant uncertainty exists with regard to ultimate
collection thereof, and same is adjusted from
corresponding heads of expense.

2.13 Employees Benefits

(i) Short term Employee Benefits:

Liabilities for wages, salaries and other employee
benefits that are expected to be settled within twelve
months of rendering the service by the employees are
classified as short term employee benefits. Such short
term employee benefits are measured at the amounts
expected to be paid when the liabilities are settled. Short
Term Employee Benefits are recognized as an expense
on an undiscounted basis in the statement of profit and
loss of the year in which the related service is rendered.

(ii) Post Employment Benefits

(a) Defined Contribution Plans:

Provident Fund

Retirement benefit in the form of 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.

(b) Defined Benefit Plans

Gratuity

The Company provides for gratuity, a defined
benefit retirement plan ('the Gratuity Plan')
covering eligible employees of the Company.
The Gratuity Plan provides a lump-sum payment
to vested employees at retirement, death,
incapacitation or termination of employment, of an
amount based on the respective employee's salary
and the tenure of employment with the Company.
Liabilities with regard to the Gratuity Plan are
determined by actuarial valuation, performed by
an independent actuary, at each balance sheet
date using the projected unit credit method.

The Company recognizes the net obligation of
a defined benefit plan in its balance sheet as an
asset or liability. Re-measurements comprising
of actuarial gains and losses, the effect of the
asset ceiling (excluding amounts included in net
interest on the net defined benefit liability) and
the return on plan assets (excluding amounts
included in net interest on the net defined benefit
liability) are recognised in Other Comprehensive
Income which are not reclassified to profit or loss
in subsequent periods.

(iii) Long-term employee benefits

The liability of accumulating compensated absences
is determined by actuarial valuation performed by
an independent actuary at each balance sheet date
using Projected Unit Credit Method.

2.14 Borrowing Costs

Borrowing costs that are directly attributable to the
acquisition, construction or production of a qualifying
asset are capitalized as part of the cost of the asset.
Other borrowing costs are recognized as an expense in
the period in which they are incurred. Borrowing costs
consist of interest and other costs that an entity incurs in
connection with the borrowing of funds. Borrowing cost
also includes exchange differences to the extent regarded
as an adjustment to the borrowing costs.

2.15 Foreign Currency Transactions

The foreign currency transactions are recorded, on initial
recognition in the functional currency (i.e. Indian Rupee),
by applying to the foreign currency amount the spot
exchange rate between the functional currency and the
foreign currency at the date of the transaction. The foreign
currency monetary items are translated using the closing

rate at the end of each reporting period. Non-monetary
items that are measured in terms of historical cost in a
foreign currency shall be translated using the exchange rate
at the date of the transaction. Exchange differences arising
on the settlement of monetary items or on translating
monetary items at rates different from those at which they
were translated on initial recognition during the period
or in previous financial statements shall be recognised in
profit or loss in the period in which they arise.

Foreign exchange differences recorded as an adjustment
to borrowing costs are presented in the statement of
profit and loss, as a part of finance cost. All other foreign
exchange gains and losses are presented in the statement
of profit and loss on net basis.

In respect of foreign branch, which is in the nature of integral
foreign operations, all transactions are translated using the
exchange rate at the date of the transaction. The translation
of monetary assets and liabilities is performed using the
exchange rate in effect at the balance sheet date. Fixed assets
are translated as at the date of transaction. Depreciation is
translated at the rates applied for translation of fixed assets.

2.16 Leases

Effective from April 1, 2019 the company adopted Ind AS
116, "Leases". The effect of adoption of Ind AS 116 was
insignificant. The following is a summary of significant
accounting policies related to Leases.

A. Company as a Lessee

The Company assesses whether a contract contains a
lease at inception of a contract. A contract is, or contains,
a lease if the contract conveys the right to control the use
of an identified asset for a period of time in exchange
for consideration. To assess whether a contract conveys
the right to control the use of an identified asset, the
Company assesses whether: (i) the contract involves
the use of an identified asset (ii) the Company has
substantially all of the economic benefits from use of
the asset through the period of the lease and (iii) the
Company has the right to direct the use of the asset.

The company applies a single recognition and
measurement approach for all leases, except for
leasehold land, short-term leases and leases of low-value.
For short-term and leases of low value, the Company
recognises the lease payments as an operating expense
on a straight line basis over the term of the lease.

Leasehold land is carried at the acquisition cost
i.e. one-time lease premium paid at the time of
acquisition of leasehold rights. However, if there is
no reasonable certainty that the company will obtain
ownership by the end of the lease term, the asset is
amortized over the shorter of the estimated useful life
of the asset and the lease term. For all other leases,

the Company recognises lease liabilities to make lease
payments and right-of-use assets representing the
right to use the underlying assets.

The right-of-use assets are initially recognized at
cost, which comprises the initial amount of the lease
liability adjusted for any lease payments made at or
prior to the commencement date of the lease plus
any initial direct costs less any lease incentives. They
are subsequently measured at cost less accumulated
depreciation and impairment losses.

Right-of-use assets are depreciated from the
commencement date on a straight-line basis over the
shorter of the lease term and useful life of the underlying
asset. Right of use assets are evaluated for recoverability
whenever events or changes in circumstances indicate
that their carrying amounts may not be recoverable.

The lease liability is initially measured at amortized cost
at the present value of the future lease payments. The
lease payments are discounted using the incremental
borrowing rate at the lease commencement date.
After the commencement date, the amount of lease
liabilities is increased to reflect the accretion of
interest and reduced for the lease payments made.
In addition, the carrying amount of lease liabilities
is re-measured if there is a modification, a change in
the lease term, a change in the lease payments or a
change in the assessment of an option to purchase
the underlying asset.

Right-of-use assets are included in the Leased Assets
and lease liabilities are included in other current and
non-current financial liabilities in the balance sheet.
Lease payments have been classified as financing
cash flows in the Statement of Profit and Loss.

B. Company as a Lessor

Leases for which the company is a lessor is classified
as finance or operating leases. Leases in which the
Company does not transfer substantially all the risks
and rewards incidental to ownership of an asset are
classified as operating leases. Rental income arising is
accounted for on a straight-line basis over the lease
term, unless the receipts are structured to increase in
line with expected general inflation.

2.17 Income Taxes

Income tax expense comprises current tax and deferred
tax. Income tax expense is recognized in net profit in the
statement of profit and loss except to the extent that it
relates to items recognized directly in equity or other
comprehensive income, in which case it is also recognized
in equity or other comprehensive income respectively.

Current Taxes:

Current income tax for current and prior periods is
recognized at the amount expected to be paid to or
recovered from the tax authorities, using the tax rates and
tax laws that have been enacted or substantively enacted
by the balance sheet date.

Deferred Taxes:

Deferred income tax assets and liabilities are recognized for
all temporary differences arising between the tax base of
assets and liabilities and their carrying amounts for financial
reporting purposes at the reporting date except when the
deferred income tax arises from the initial recognition of
an asset or liability in a transaction that is not a business
combination and affects neither accounting nor taxable
profit or loss at the time of the transaction. Deferred tax
assets and liabilities are reviewed at each reporting date
and are reduced to the extent that it is no longer probable
that the related tax benefit will be realized.

Deferred income tax assets and liabilities are measured
using tax rates and tax laws that have been enacted or
substantively enacted by the balance sheet date and are
expected to apply to taxable income in the years in which
those temporary differences are expected to be recovered
or settled. The effect of changes in tax rates on deferred
income tax assets and liabilities is recognized as income or
expense in the period that includes the enactment or the
substantive enactment date. A deferred income tax asset
is recognized to the extent that it is probable that future
taxable profit will be available against which the deductible
temporary differences and tax losses can be utilized.

The Company offsets current tax assets and current tax
liabilities, where it has a legally enforceable right to set
off the recognized amounts and where it intends either to
settle on a net basis, or to realize the asset and settle the
liability simultaneously.

Minimum Alternate Tax credit is recognised as a tax asset
only when and to the extent there is convincing evidence
that the Company will pay normal income tax during the
specified period. Such asset is reviewed at each Balance
Sheet date and the carrying amount of the MAT credit
asset is written down to the extent there is no longer a
convincing evidence to the effect that the Company will
pay normal income tax during the specified period.

2.18 Impairment of assets
a) Financial assets

The company recognizes loss allowances using the
expected credit loss (ECL) model for the financial assets
which are not fair valued through profit or loss. Loss

allowance for trade receivables with no significant
financing component is measured at an amount equal
to lifetime ECL. For all other financial assets, expected
credit losses are measured at an amount equal to the
12-month ECL, unless there has been a significant
increase in credit risk from initial recognition in which
case those are measured at lifetime ECL. The amount
of expected credit losses (or reversal) that is required to
adjust the loss allowance at the reporting date to the
amount that is required to be recognised is recognized as
an impairment gain or loss in statement of profit or loss.

b) Non-financial assets

Intangible assets and property, plant and equipment are
evaluated for recoverability whenever events or changes
in circumstances indicate that their carrying amounts
may not be recoverable. For the purpose of impairment
testing, the recoverable amount (i.e. the higher of the fair
value less cost to sell and the value-in use) is determined
on an individual asset basis unless the asset does not
generate cash flows that are largely independent of those
from other assets. In such cases, the recoverable amount
is determined for the Cash Generating Unit to which the
asset belongs. If such assets are considered to be impaired,
the impairment to be recognized in the statement of profit
and loss is measured by the amount by which the carrying
value of the assets exceeds the estimated recoverable
amount of the asset. An impairment loss is reversed in the
statement of profit and loss if there has been a change in
the estimates used to determine the recoverable amount.
The carrying amount of the asset is increased to its revised
recoverable amount, provided that this amount does
not exceed the carrying amount that would have been
determined (net of any accumulated amortization or
depreciation) had no impairment loss been recognized
for the asset in prior years.

2.19 Earnings per Share

The Basic earnings per share (EPS) is calculated by dividing
the net profit or loss for the year attributable to the equity
shareholders by the weighted average number of equity
shares outstanding during the year.

Diluted earnings per equity share is calculated by dividing the
net profit attributable to the equity holders of the company by
the weighted average number of equity shares considered for
deriving basic earnings per equity share and also the weighted
average number of equity shares that could have been issued
upon conversion of all dilutive potential equity shares. The
dilutive potential equity shares are adjusted for the proceeds
receivable had the equity shares been actually issued at
fair value (i.e. the average market value of the outstanding
equity shares). Dilutive potential equity shares are deemed
converted as of the beginning of the period, unless issued at
a later date. Dilutive potential equity shares are determined
independently for each period presented.

2.20 Dividends

Final dividends on shares are recorded as a liability on the
date of approval by the shareholders and interim dividends
are recorded as a liability on the date of declaration by the
company's Board of Directors.

2.21 Cash flow statement

The cash flow statement is prepared in accordance with the
Indian Accounting Standard (Ind AS) - 7 "Statement of Cash
flows" using the indirect method for operating activities.

2.22 Exceptional items

Exceptional items refer to items of income or expense within
statement of profit and loss from ordinary activities which
are non-recurring and are of such size, nature or incidence
that their separate disclosure is considered necessary to
explain the performance of the company.

2.23 Critical accounting estimates
Property, plant and equipment

Property, plant and equipment represent a significant proportion
of the asset base of the Company. The charge in respect of
periodic depreciation is derived after determining an estimate
of an asset's expected useful life and the expected residual
value at the end of its life. The useful lives and residual values of
company's assets are determined by management at the time
the asset is acquired and reviewed periodically, including at each
financial year end. The lives are based on historical experience
with similar assets as well as anticipation of future events, which
may impact their life, such as changes in technology.

Intangible assets

The company tests whether intangible assets have suffered
any impairment on an annual basis. The recoverable amount
of a cash generating unit is determined based on value in
use calculations which require the use of assumptions.

Trade Receivables

As per Ind AS 109, the company is required to apply
expected credit losses model for recognising the provision
for doubtful debts. The expected credit losses are
determined based on past trends and assumptions.

Employee Benefits

The Union Ministry of Labour issued draft rules under section
67 of the Code on Wages Act in July, 2020 in the Gazette and
the Act is yet to be effective. The three labour codes, the
Occupational Health, Safety and Working Conditions Code
2020, the Industrial Relations Code 2020 and the Code on
Social Security, 2020 have been passed by the parliament
and have also received the assent of the President of India on
September, 2020. However, the date on which these Codes
will come into effect has not been notified. The Company will
assess the impact of these Codes and will record any related
impact in the period these Codes become effective.

Management estimations and assumptions

a) The management assessed that cash and cash equivalents, trade receivables, trade payables, bank overdrafts and other current
liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

b) The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a
current transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions
were used to estimate the fair values:

(i) The fair values of the unquoted equity shares have been determined based on certifications from valuers who have used
Net Asset Value approach for determining the fair values.

(ii) The fair values of the derivative financial instruments have been determined based on the exchange rates prevailing
as at year end.

11.2 Fair Value Measurement
(i) Fair Value hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly
(i.e. as prices) or indirectly (i.e. derived from prices)

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

The company's policy is to recognize transfers into and the transfers out of fair value hierarchy levels as at the end of the
reporting period. There are no transfers between level 1 and level 2 during the end of the reported periods.

The principal financial assets of the Company include loans, trade and other receivables, and cash and bank balances that derive
directly from its operations. The principal financial liabilities of the company, include loans and borrowings, trade and other
payables and the main purpose of these financial liabilities is to finance the day to day operations of the company.

The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the management
of these risks and that advises on financial risks and the appropriate financial risk governance framework for the Company.

This note explains the risks which the company is exposed to and policies and framework adopted by the company to
manage these risks.

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 comprise three types of risk: foreign currency risk, interest rate risk, investment risk.

(i) Foreign currency risk

The company operates internationally and business is transacted in several currencies.

The export sales of company included in the total sales of the company, Further the company also imports certain assets and
material from outside India. The exchange rate between the Indian rupee and foreign currencies has changed substantially
in recent years and may fluctuate substantially in the future. Consequently the company is exposed to foreign currency risk
and the results of the company may be affected as the rupee appreciates/ depreciates against foreign currencies. Foreign
exchange risk arises from the future probable transactions and recognized assets and liabilities denominated in a currency
other than company's functional currency.

The company measures the risk through a forecast of highly probable foreign currency cash flows and manages its
foreign currency risk by appropriately hedging the transactions. The Company uses a combination of derivative financial
instruments such as foreign exchange forward and option contracts to mitigate the risk of changes in exchange rates on
foreign currency exposures.

(b) Forward Contracts of H2682.29 Lacs-US $ 31.38 Lacs (Previous Year H 6930.31 Lacs-US $ 83.44 Lacs) taken for the
purpose of hedging against outstanding of future orders as on 31.03.2025.

(ii) 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 debt obligations with floating interest rates.

The Company's exposure to the risk of changes in market interest rates relates primarily to the Company's debt obligations
with floating interest rates, which are included in interest bearing loans and borrowings in these financial statements. The
company's fixed rate borrowings are carried at amortised cost. They are therefore not subject to interest rate risk, since
neither the carrying amount nor the future cash flows will fluctuate because of a change in market interest rates.

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The maximum
exposure to the credit risk at the reporting date is primarily from trade receivables which are typically unsecured.
Credit risk on cash and bank balances is limited as the company generally invests in deposits with banks and financial
institutions with high credit ratings assigned by credit rating agencies. The Company's credit risk in case of all other financial
instruments is negligible.

The company assesses the credit risk based on external credit ratings assigned by credit rating agencies. The company also
assesses the creditworthiness of the customers internally to whom goods are sold on credit terms in the normal course of
business. The credit limit of each customer is defined in accordance with this assessment. Outstanding customer receivables
are regularly monitored and any shipments to overseas customers are generally covered by letters of credit.

The impairment analysis is performed on client to client basis for the debtors that are past due at the end of each reporting
date. The company has not considered an allowance for doubtful debts in case of trade receivables that are past due but
there has not been a significant change in the credit quality and the amounts are still considered recoverable.

Write off policy

The financials assets are written off incase there is no reasonable expectation of recovering from the financial asset.

(v) Perfomance obligations

Information about the Company's performance obligations for material contracts are as summarised below:

Sale of Goods:

The performance obligation and the control is satisfied at the point in time when control of the goods are transferred to the
customers, the customer has full discretion over the channel and price to sell the products, there is no unfulfilled obligation
that could affect the customer's acceptance of the products and the company retains neither continuing managerial
involvement to the degree usually associated with ownership nor effective control over the goods sold. The said conditions
are generally fulfilled upon delivery of goods to the customers.

Sale of Services:

The performance obligation has been satisfied on the stage of completion.

23 The Company had filed a claim, including interest thereon, as an operational creditor under the Insolvency and Bankruptcy
Code, 2016, before the Insolvency Resolution Professional (IRP) appointed by the Hon'ble National Company Law Tribunal (NCLT),
Chandigarh, in respect of a body corporate whose net worth has been fully eroded. The said claim was subsequently rejected.

Thereafter, the Company has filed an Interlocutory Application (IA) before the NCLT, contesting the non-admission of its claim.
The IA forms part of the ongoing Corporate Insolvency Resolution Process (CIRP) proceedings against the said body corporate
and is currently pending adjudication.

In view of the uncertainty regarding the recoverability of the amount, the management has considered it prudent to create a
provision for doubtful debts amounting to H1,089.44 lakhs against the outstanding receivables from the said entity.

28 CAPITAL MANAGEMENT

The capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders of the
company. The primary objective of the company's capital management is to maintain optimum capital structure to reduce cost
of capital and to maximize the shareholder value.

The company manages its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants which otherwise would permit the banks to immediately call loans and borrowings. In
order to maintain or adjust the capital structure, the company may adjust the dividend payment to shareholders, return capital
to shareholders or issue new shares.

31 Additional Regulatory Information as required by Schedule III of Companies Act, 2013

(a) There are no proceedings which have been initiated or pending against the Company for holding any Benami property
under the Benami Transactions (Prohibition) Act, 1988.

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

(c) The Company has not been declared wilful defaulter by any bank or financial institution or government or any
government authority.

(d) The company has used the borrowings from banks and financial institutions for the purpose for which it was taken at the
balance sheet date.

(e) The company has borrowings from banks or financial institutions on the basis of security of current assets, and quarterly
returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the
books of accounts.

(f) 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.

(g) 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.

(h) 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.

(i) The Company does not have any transactions with companies struck off.

(j) There are no Loans or Advances in the nature of Loans granted to promoters, directors, KMPs and the related parties,
either severally or jointly with any other person, that are repayable on demand or without specifying any terms or
period of repayment.

(k) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

32 The company has overseas operations at its branch in Poland and the financials of the period ended 31st March, 2025 has been
incorporated in the audited financial statements of the company for the year ended 31st March, 2025.

33 The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post-employment benefits
received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which
the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The Company is
in the process of assessing the impact of the code and will record the same, if any, in the year the Code becomes effective.

34 Figures for the previous year have been re-group/rearranged where ever neceessary to make them comparable with current year

The Notes referred to above form an integral part of the accounts.

In terms of our report of even date attached herewith.

For B. CHHAWCHHARIA & CO.

Chartered Accountants
Firm Registration No: 305123E

Ashish Bagrodia Anil Kumar Sharma Sanjay Kumar Kedia

(Chairman Cum (Executive Director Cum (Chief

Managing Director) Chief Executive Officer) Financial Officer)

DIN -00047021 DIN -01157106

Abhishek Gupta

Partner

Membership No: 529082

Place: Chandigarh Videshwar Sharma

Date: 17th May, 2025 (Company Secretary)