1.10 Provisions and contingencies:

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the reporting date.

Provisions are determined by discounting the expected future cash flows (representing the best estimate of the expenditure required to settle the present
obligation at the balance sheet date) at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability.
The unwinding of the discount is recognized as finance cost.

Expected future operating losses are not provided for.

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 the obligation or a reliable estimate of the amount cannot be made.

Contingent Assets are neither recognized nor disclosed except when realization of income is virtually certain and the related asset is recognized.

1.11 Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing the net profit for the period (excluding other comprehensive income) attributable to equity share holders of
the Company by the weighted average number of equity shares outstanding during the financial year, adjusted for bonus element in equity shares issued during
the year.

(ii) Diluted earnings per share

Diluted earnings per share is computed by dividing the net profit for the period attributable to equity shareholders by the weighted average number of shares
outstanding during the period as adjusted for the effects of all diluted potential equity shares except where the results are anti-dilutive.

1.12 Inventories

Raw Material & Traded Goods are valued at lower of cost and net realizable value. However, material & other items held for use in the trading are not written
down below cost of the finished products in which they will be incorporated if they are expected to be sold at or above cost.

WIP & finished goods are valued at lower of cost & net realizable value.

Net realizable value is the estimated selling price in the ordinary course of business less estimated costs necessary to make the sale.

1.13 Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready
for its intended use or sale are capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period in which they occur. 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.

1.14 Cash and cash equivalents

Cash amounts represent cash on hand and demand deposits. Cash equivalents are primarily short-term highly liquid investments with an original maturity of
90 days or less and which are subject to an insgnificant risk of change in value.

The discount rate indicated above reflects the estimated timing and currency of benefit payments. It is based on the yields/ rates available on applicable bonds as
on the current valuation date.

The salary growth rate indicated above is the Company's best estimate of an increase in salary of the employees in future years, determined considering the
general trend in inflation, senority, promotions, past experience and other relevant factors such as demand and supply in employment market, etc.

(v) Sensitivity Analysis

Significant actuarial assumptions for the detemination of the defined benefit obligation are discount rate, expected salary increase and mortality. The sensitivity
analysis below have been determined based on reasonably possible changes of the assumptions occurring at the end of the reporting period, while holding all other
assumptions constant. The results of sensitivity analysis is given below:

Note 34 Related Party Transactions (as per INDAS 24)

The names of the related parties and nature of the relationship where control exists are disclosed
irrespective of whether or not there have been transactions between the related parties during the year.
For Others, the names and the nature of relationship is disclosed only when the transactions are entered
into by the Company with the related parties during the existence of the related party relationship.

Note 35 Income Taxes

The Company pays taxes according to the rates applicable in India. Most taxes are recorded in the income statement and relate to
taxes payable for the reporting period (current tax), but there is also a charge or credit relating to tax payable for future periods due
to income or expenses being recognised in a different period for tax and accounting purposes (deferred tax). Tax is charged to
equity when the tax benefit exceeds the cumulative income statement expense on share plans.The Company provides for current
tax according to the tax laws of India using tax rates that have been enacted or substantively enacted by the balance sheet date.
Management periodically evaluates positions taken in tax returns in respect of situations in which applicable tax regulation is
subject to interpretation. It establishes provisions, where appropriate, on the basis of amounts expected to be paid to the tax
authorities.

Deferred tax is provided, using the liability method, on temporary differences at the reporting date between the tax bases of assets
and liabilities and their carrying amounts for financial reporting purposes. Deferred tax is recognised in respect of all temporary
differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an
obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date.

A deferred tax asset is recognised when it is considered recoverable and Therefore recognised only when, on the basis of all
available evidence, it can be regarded as probable that there will be suitable taxable profits against which to recover carried
forward tax losses and from which the future reversal of underlying temporary differences can be deducted. Deferred tax is
measured at the average tax rates that are expected to apply in the periods in which the temporary differences are expected to
reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Note 36 Fair value measurement
Fair value hierarchy:

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and consists of the following
three levels:

Level 1: The fair value of financial instruments traded in active markets (such as publicly traded derivatives, and equity securities) is based onquoted market prices at the end of
the reporting period. These instruments are included in level 1.

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 instrument 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 level 3.

Fair value measurement

(i). Accounting classification and fair values

The following table shows the carrying amount and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy as at 31st March, 2025:

(ii). Financial instruments not measured at fair value

Financial assets not measured at fair value includes cash and cash equivalents, trade receivables, loans and other receivables. These are financial assets whose carrying amounts
approximate fair value largely due to their short term nature.

Additionally, financial liabilities such as trade payables, borrowings and Lease liabilities are not measured at fair value, whose carrying amounts approximate fair value largely due
to the nature of these liabilities.

Note 37 Financial risk management

Company has operations in India. Whilst risk is inherent in the Company's activities, it is managed through an integrated risk management framework, including ongoing
identification, measurement and monitoring, subject to risk limits and other controls. This process of risk management is critical to the Company's continuing profitability and
each individual within the Company is accountable for the risk exposures relating to his or her responsibilities. The Company is exposed to credit risk, liquidity risk and market
risk. It is also subject to various operating and business risks.

A. Market Risk

Market risk is the risk that the fair value or future Cash flows of a financial instrument will fluctuate because of changes in market prices. The objective of market risk
management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

(i) 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 exchange rates.

The company's exposure to foreign currency risk at the end of reporting period is shown in note no 37

(ii) Interest rate risk

The Company is exposed to Interest risk if the fair value or future cash flows of its financial instruments will fluctuate as a result of changes in market interest rates. Fair value
interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates.

The Company's interest rate risk arises from interest bearing deposits with bank and loans given to customers. Such instruments exposes the Company to fair value interest rate
risk. Management believe that the interest rate risk attached to this financial assets are not significant due to the nature of this financial assets.

(iii) Market price risks

The Company is exposed to market price risk, which arises from FVTPL and FVOCI investments. The management monitors the proportion of these investments in its investment
portfolio based on market indices. Material investments within the portfolio are managed on an individual basis and all buy and sell decisions are approved by the appropriate
authority.

B. Liquidity risk

Liquidity risk is the risk that the entity will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or
another financial asset. The entity's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they
are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the entity's reputation.

Prudent liquidity risk management requires sufficient cash and marketable securities and availability of funds through adequate committed credit facilities to meet
obligations when due and to close out market positions.

The Company has a view of maintaining liquidity with minimal risks while making investments. The Company invests its surplus funds in short term liquid assets in bank
deposits and liquid mutual funds. The Company monitors its cash and bank balances periodically in view of its short term obligations associated with its financial
liabilities.

C. Credit risk

Credit risk is the risk that the Company will incurr a loss because its customers or counterparties fail to discharge their contractual obligation. The Company manages
and controls credit risk by setting limits on the amount of risk it is willing to accept for individual counterparties, and by monitoring exposures in relations to such
limits.

The maximum exposure to credit risk for each class of financial instruments is the carrying amount of that class of financial instruments presented in the financial
statements. The Company's major classes of financial assets are cash and cash equivalents, loans, investment in mutual fund units, term deposits, trade receivables and
security deposits.

Deposits with banks are considered to have negligible risk or nil risk, as they are maintained with high rated banks / financial institutions as approved by the Board of
directors.

(a) Demand in respect of income tax matters #

(i) The Company has outstanding demand of Rs. 14.44 lacs related to Assessment Year 2024-25 ,Rs. 0.91 lacs to Assessment Year 2021-22, Rs.0.49 lacs to Assessment
Year 2010-11 and Rs.2.99 lacs to Assessment Year 2009-10 in respect of Income Tax matters.

# The Company is contesting these demands and the management believe that its position will likely to be upheld in the appellate process/rectifications etc. and
accordingly no provision has been accrued in the financial statements for these tax demand raised. The management believes that the ultimate outcome of this
proceeding will not have a material adverse effect on the Company's financial position and results of operations.

Based on favourable decisions in similar cases, the Company does not expect any liability against these matters in accordance with principles of Ind AS -12 'Income
taxes' read with Ind AS -37; Provisions, Contingent Liabilities and Contingent Assets' and hence no provision has been considered in the books of accounts for such
instances.

The above amounts doesn't contain interest and penalty where included in the order issued by the department to the Company.

NOTE : 40 Title deeds of immovable property not held in the name of the company.

The Company holds title deeds of all the immovable property (Other than properties where the company is the lessee and the lease agreements are duly executed in
favour of the lessee) in the name of the company.

Details of Loan & Advances in the nature of loan granted to Promoters, Directors, Key Management Personnel & the related parties (as defined under Company Act
^{NOTE : 41} 2013) ^g ' ' ^{y g p ( p y}

(a) Repayable on demand or

(b) Without specifying any term or period of repayment

The company has not granted loans or advances in the nature of loans to the director, promoters, Key managerial personnel and their relatives.

NOTE : 44 Intangible assets under development

Company does not have any intangible assets under development.

NOTE : 45 Details of Benami Property held

No proceedings have been initiated or pending against the company for holding any benami property under the benami
transactions (Prohibition) Act, 1988 and the rules made thereunder.

NOTE : 46 Wilful defaulter

T he company has not made any default in the repayment of any borrowing, as such the declaration as wilful defaulter is not
applicable.

NOTE :47 Relationship with stuck of the company

The company did not have any transaction with companies struck off under section 248 of the companies act 2013 or section 560
of the companies act, 1956 as such no declaration is required to be furnished.

NOTE :48 Registration of Charge/Satisfaction

There is no charge or satisfaction of charges which is pending for registration beyond the statutory period.

NOTE : 49 Compliance with number of layer of completion

The company have two layers subsidiary company as such there is no non compliance with the number of layers prescribed under
clause (87) section 2 of the Act read with companies (Restriction on number of layers) Rules, 2017.

NOTE : 50 Compliance with approved scheme (s) of arrangements

No scheme of arrangements was required u/s 230 to 237 of the companies Act, 2013 during the year, as such disclosure is not

NOTE : 51 Utilisation of borrowed fund & Share Premium

a) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or
kinds of funds) to any other person or entities including foreign entities (Intermediaries) with the understanding (whether
recorded in writing or otherwise) that the intermediary shall 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

b) The company has not received any fund from any person or entities including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the company shall - 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 to or on behalf of the ultimate beneficiaries;

NOTE : 52 Undisclosed Income

The company has neither surrendered nor disclosed any income during the year in the tax assessments under the Income Tax Act,

NOTE : 53 Corporate Social Responsibility (CSR)

Not Applicable

NOTE : 54 Cryptocurrency or Virtual Currency

The company has neither traded nor invested in cryptocurency or virtual currency as such no dislosure is required.

NOTE : 55 DISCLOSURE REQUIREMENTS UNDER MSMED ACT, 2006

The Company has no dues to suppliers (trade and capital) registered under Micro, Small and Medium Enterprises Development
Act, 2006 ('MSMED Act'). The disclosures pursuant to the said MSMED Act are as follows:

Previous year's figures have been regrouped / reclassified and rearranged wherever necessary to correspond with the current

NOTE : 56

year's classification / disclosure.

AS PER OUR REPORT OF EVEN DATE ANNEXED FOR RACE ECO CHAIN LIMITED

FOR GARG ARUN & ASSOCIATES
CHARTERED ACCOUNTANTS
FRN : 08180N

Sd/- Sd/- Sd/-

RAMAN KUMAR GARG PRANAV WASON SUNIL KUMAR MALIK

(PARTNER) NON EXECUTIVE DIRECTOR MANAGING DIRECTOR

M.NO.090564 DIN 07631095 DIN 00143453

PLACE : DELHI
DATED:

Sd/- Sd/-

PIYANSHU SHARMA SHIWATI

CFO COMPANY SECRETARY