2.10 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provision involving substantial degree of estimation in measurement is recognized when there is a present obligation as a result of past events and it
is probable that there wilt be an outflow of resources. Contingent liabilities are not recognized but are disclosed in the notes. Contingent assets are
neither recognized nor disclosed in the financial statements,

2.11 REVENUE RECOGNITION

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably
measured. Sales are recognized on transfer of significant risk and ownership which generally coincide with the despatch of the goods..

2.12 OTHER INCOME

Interest Income on fixed deposit is recognized on time proportion basis. Other Income is accounted for when right to receive such income is
established.

2.13 TAXES ON INCOME

Income taxes are accounted for in accordance with Accounting Standard (AS-22) - “Accounting for taxes on income”, notified under Companies
(Accounting Standards) Rules, 2021. Income tax comprises of both current and deferred tax.

Current tax is measured on the basis of estimated taxable income and tax credits computed in accordance with the provisions of the Income Tax
Act. 1961.

The tax effect of the timing differences that result between taxable income and accounting income and are capable of reversal in one or more
subsequent periods are recorded as a deferred tax asset or deferred tax liability. They are measured using substantially enacted tax rates and tax
regulations as of the Balance Sheet date.

Deferred tax assets arising mainly on account of brought forward losses and unabsorbed depreciation under tax laws, are recognized, only if there is
virtual certainty of its realization, supported by convincing evidence. Deferred tax assets on account of other tuning differences are recognized only
to the extent there is a reasonable certainty of its realization,

ANNEXUREIV: CORPORATE INFORMATION, SIGNIFICANT ACCOUNTING POLICIES, RECONCILIATION OF NET PROFIT/(LOSS)
AND RECONCILIATION OF NETWORTH

2.14 CASH AND BANK BALANCES

Cash and cash equivalents comprises Cash-in-hand, Current Accounts, Fixed Deposits with banks. Cash equivalents are short-term balances (with
an original maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known amounts
of cash and which are subject to insignificant risk of changes in value. Other Bank Balances are short-term balance (with original maturity is more
than three months but less than twelve months).

2.15 EARNINGS PER SHARE

Basic earning per share is computed by dividing the profit/ (loss) after tax (including the post tax effect of extraordinary items, if any) by the
weighted average number of equity share outstanding during the year. Diluted earning per share is computed by dividing the profit/ (loss) after tax
(including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income (net of any
attributable taxes) relating to the dilutive potential equity shares, by the weighted average number of equity shares which could have been issued on
the conversion of all dilutive potential equity shares.

2.16 EMPLOYEE BENEFITS
Defined Contribution Plan:

Contributions payable to the recognised provident fund, which is a defined contribution scheme, are charged to the statement of profit and loss.
Defined Benefit Plan:

The Company has an obligation towards gratuity, a defined benefit retirement plan covering eligible employees. The plan provides for lump sum
payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to 15 days salary
payable for each completed year of service without any monetary limit. Vesting occurs upon completion of five years of service. The Company has
an obligation towards Leave Encashment. Provision for gratuity and leave encashment has been made in the books as per actuarial valuation done as
at the end of the vear

2.17 SEGMENT REPORTING

The accounting policies adopted for segment reporting are in line with the accounting policies of the Company. Segment revenue, segment expenses,
segment assets and segment liabilities have been identified to segments on the basis of their relationship to the operating activities of the segment.
Inter-segment revenue is accounted on the basis of transactions which are primarily determined based on matte / fair value factors. Revenue and
expenses have been identified to segments on the basis of their relationship to the operating activities of the segment.

Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to segments on reasonable basis have been
included under “unallocated revenue / expenses / assets / liabilities”.

2.18 CASH FLOW STATEMENTS

Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax isadjusted for the effects of
transactions of non-cash nature and any deferrals or accruals of past or future cash receiptsor payments. The cash flows from operating, investing
and financing activities of the Comoanv are segregated basedon the available information.

2.19 EVENT OCCURRING AFTER THE BALANCE SHEET DATE

Assets and Liabilities arc adjusted for events occurring after the Balance Sheet date that provide additional cvidcnccto assist the estimation of
amounts relating to condition existing at die Balance sheet date.

2.20 NET PROFIT OR LOSS FOR THE PRIOR PERIOD, PRIOR PERIOD ITEMS AND CHANGES IN ACCOUNTING POLICIES
Significant items of Extra-Ordinary Items, and Prior Period Incomes and Expenditures, are accounted in accordance with Accounting Standards 5.

2.21 GOVERNMENT GRANTS

Government grants are recognized when there is reasonable assurance that the conditions attached to them will 6e complied with and the grants will
be received.

• Grants related to revenue are recognized in the Statement of Profit and Loss on a systematic basis over the periods in which the related costs are
incurred.

• Grants related to assets are treated as deferred income and recognized in the Statement of Profit and Loss over the usefrtl life of the related asset.

• Refunds of grants are adjusted in the period in which they become repayable.

Note:

1) Terms/Rights attached to Equity Shares: The company has only one class of Equity Shares having a par
value of? 10A per share. Each holder of Equity share is entitled to one vote per share. In the event of
liquidation of the Company, the holders of equity share will be entitled to receive 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 Share holders.

2) The equity shares are not repayable except in the case of a buy back, reduction of capital or winding up in
terms of the provisions of the Companies Act, 2013.

3) Every member of the company holding equity shares has a right to attend the Genera! Meeting of the
Company and has a right to speak and on a show of hands, has one vote if he is present in person and on a
poll shall have the right to vote in proportion to his share of the paid-up capital of the company.

4) Bonus share are isssued on 24th March, 2022 at a ratio of 1 equity share for every 1 equity share held by
the shareholders.

5) Terms/Rights attached to Preference Shares:(a) The Company has only one class of Non - Cumulative
preference shares referred to as optionally Convertible Redeemable Preference shares having a par value of
Rs. 100/-each.

(b) . Preference shares issued by the Company shall be converted at any time in one or more tranches at the
dicretion of the Company after allotment of shares but not later than 20 years from the date of allotment of th<
preference shares at a price higher of: (a) Fair market value determined as on the date of conversion: or (b)
Rs. 10/- per equity share (Being Face value of Equity Share),

(c) . Dividend on Non - Cumulative Preference shares issued by the Company shall be 8% p.a & 2% p.a. as
applicable on face value which will remain fixed over the tenure of preference shares and shall have priority
with respect to payment of dividend or repayment of capital over equity shares.

B. DEFINED BENEFIT OBLIGATION
I) Gratuity

The gratuity benefit payable to the employees of the Company is as per the provisions of the Payment of Gratuity Act, 1972, as amended. Under the
gratuity plan, every employee who has completed at least 5 years of service gets gratuity on separation or at the time of superannuation calculated for
equivalent to 15 days salary for each completed year of service calculated on last drawn basic salary .The Company does not have a funded plan fbr
gratuity liability.

a. “Net-worth” means the aggregate value of the paid-up share capital and all reserves created out of the profits and
securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate
value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the
audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation
and amalgamation (Refer Regulation 2 of Chapter -1 of Securities and Exchange Board of India (Issue of Capital
and Disclosure Requirements) Regulations, 2018).

2. Ratios are not annualised.

3. The Company has issued bonus shares in the ratio of 16:1 on September 10,2024.

4. The Company has not considered potential equity shares for OCRPS for calculating diluted EPS for the following
reasons:

a. It is convertible at the option of the company and the management of the company has intended to get it repaid
since the date such OCRPS was issued. The same can be verified from the audited financial statements of the
company.

b. Such OCRPS has already been repaid during the year ended March 31,2025.

-note; i dc company ms receivea a flcmana amounting to K&jy l*2» Joes from the Utreclomte General orCST Intelligence (DGG1) vide reference DGOUKZu/24/093 dated
09 0 I ,2034 and Rs^.Ofi lacs from the West Bengal Stale Government (Alipore Charge, Kglfcata) vide reference 2D 19 L223059S7&T dated 27.1X2023, both under Rule 96( 10) of the
COST Rules. 2017. These demands have been challenged by the company before the Hon'ble High Court at KoJkataon the grounds that the matter is revenue neutral. The Hoo'ble
Court, via Case No. 3254 of2025 pertaining to DGGI/KZU/24fl>93 has granied a stay on the recovery proceedings until the disposal of the writ petition. Additionally, io respect of the
West Bengal Government's demand, the Hon’blc Court, via \VpA 13532 of2024 has gnrnied a stay on the recovciy proceedings till 31,12,2025.

**Not< i The Company has capital commitment of Rs 30.91 Lakhs for the purchase of Mould.

ADDITIONAL REGULATORY INFORM ATION AS PER PARA Y OF SCHEDULE 111 TO COMPANIES ACT, 3M3t ANNEXURE- XLVI

i. The; Company does trot Nave any itmtumbk property (other ifcm p [Spin its ntm the Company it the lessee nnt! the lease ojfeemcnts are duly csectited In lat'Ottr ofthe lessee) whose title deeds are nol held hi ihe nen

or ihe uttipinj.

il. The Cwnpanyhiis revalued fePropeny, Pin* &&)aipraent’

(s.) Land - TLe tad of lit cornpaay feet wed on lie ameleamibon nflts subsWlftry ms revalued in lie FY 2022-33 by the eompmy mubc basts of the vatoaiion repon submitted by the lerisirttr valuer, as pet the rep
such valuer, the ronrttt value of laud Is WS.25 LaHiSr However* on die consecutive approach (he company has revalued the land by R$. 95S.6J Lakhs,

(b.) Biuldins-The land gfiht eotnpuny received tm the usiiEunns of its is Wdiaiy ms revalued in ihc FY 2022-23 by die sotppany on lie basis of the valuation report subtrhited by the tejisttar snluer, tts per Ihe
tepousuth valuer, ihc nrtn v.-li.c ulbultlirc it J4L1P U'tm I to* t,or. on tin ccrttoutv.c t.potoasfi lie compiny hat funhoj lie btnldisyhy -is 2$) Jr LjU-s.

Asa resdi. there fad been a net tncrrasetn boaVvelue affixed asset as aiAprH 1.2022ofRs. 12J218 lakhs which has been transferred to revaluation reserve aeeotmt. This balance in levalutvion reserve it tdiusteU
against die aeprecullon to be charted <m on btiMbi; every yearn *

ill. The Company hat sranted loans or advances hlte news of Inans are gramed IQ pron«en,Direntirs,KMPjeraliherelsiedpinies (as rtciined tinder Companies AeL 2013.) either se vitally 0, Jointly with am other
person, that ore;

(a) repayable on demand or

(b) wktoul specifying any lens* or period ofrepaymiai

(i) Ocbt Seoiee Covttagc Ratio; FUJI? ii Incrtutd mainly duo to Increase In profit during dm ymr,

(ii) Return on Equity Ratio: Ratals increased mainly due 10 increase in profit during the year.

(in) Wet Capital Turnover Rata: Rata Is increased mainly dne to increase In net profit during the year.

(iv) Net profit ratio: Ratio is improved mainly due to increase in net profit during the year.

(v) Return on Capital employed : Rada is improved mainly due to increase In net profit during the year.

<vi) Return on Investment: Ratio it decreased due to investment was sold in 2022*23 and no investment is sold in 2023*24*

*[ft Tbs sutokliMy ms Kraljanuml u«h itg tonipo«y In FY 202;-23 unde tb« Khcrnc of amnijemonj! tvhkh has tan oppnjvtJ by iht Companu Auhority In lerm oFskuots ID3 of Ihc Cooinmit) A(l. 2013. Fuittwr. ihe tff«l ofsadi ScStmc
of Arn icine[:ig hivg been eeencrinl r.r in it; boo'-A ofccegju of lie CAti:-:i.T> to KrofdxKC wbfi ibe Sdicm. ml In Kcwdanct wMi Bttnuglbig stsnrfiidi erd iLe.-c .*:c agfcvnngm ,e dm rcf-Aul [g be reponnl fci.

Jiv. Tbs Company dMsooi hive mlndoMd IncomtdHfbigihbjYw in tbelaxaueummli unit. lb« Interns T«j< AcL 19*1 (inch «, Mrth or mxy or anyahtr relevant provMom of ihe Intone Tax Act. 1941).

*^v- The Company has neither traded nor invested In Crypto currency or Virtual Currency dwing the financial year.

xvl The Company docs not have CSR obligations in the financial year ended Match 31.2022 md have CSR obligation In ifac remaining 2 years as follows;

Stgnaiure* lo Aiutexure Forming Pan OfThe Financial Sioiemeou a t . \

^“T^^or“ /ffABlL

NlklllAenwat / Lolh Agraral Chlrag Rittiawnte ^Shikha Surcka

(Director) / (Director) (CFO) (C$1

DIN <07511983 D|N* 0057(843

Place r Kdhata

Unto 124lh June 2025 S

|?(kolkata)°]]