23 i. Non-current assets

All non-current assets, if any, of the company are located in India.

ii Going Concern-

The annual financial statement have been prepared on the basis of accounting policies applicable to a going

iii Events after the reporting period-

There are no events after the balance sheet date that require disclosure except as follows:

The Company has entered into a sub-contract agreement for supply and Installation of solar panels with M/s.
Telecrown Infratech Pvt Ltd (the ‘Principal Contractor”). Accordingly, in the quarter ended 31st December
2024, there were a work execution of Rs. 14.82 Crores Taxes. Due to contractual disagreements company has
decided not to execute further order. And company has decided reverse part of revenue booked quarter ended
31st December 2024.

However, the Company has already spent Rs. 3.72 Crores Taxes for site preparation and other contractual
requirement. Further, there was purchase of necessary material from M/s Total Solar Technologies Pvt Ltd
amounting to Rs. 5.2 Crores Taxes. However the Company has returned and reversed such purchase of
material from M/s Total Solar Technologies Pvt Ltd.

The Company till the satisfactory resolution of the commercial issues with the Principal Contractor decides to
reverse revenue upto Rs. 8 Crores taxes and will continue to attempt to recover balance amount from the
Principal contractor which would recover actual cost incurred by the Company and amount of time, resources
and efforts spent by the Company.

iv Change in shareholding by more than 50% -

74.5% shareholding of the company was changed during the year.

(iii) Compliance with approved scheme(s) of arrangements: The Company has not entered into any
scheme of arrangement which has an accounting impact on current or previous financial year.

(iv) Undisclosed income: There is no income surrendered or disclosed as income during the current or
previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in
the books of account

There is no loans or advances in the nature of loans are granted to promoters, directors, KMPs and

(v) the related parties during the year except as disclosed in the related party transactions schedules and
the same are given for the purpose of business.

Compliance with number of layers of companies: Clause not applicable due to no layer of

(_vi) companies held by company.

The Company has not been declared as a Wilful Defaulter by any bank or financial institution or

_(vii) government or any government authority

(viii) Where the Company has borrowings from banks or financial institutions on the basis of
security of current assets, it shall disclose the following:- No such borrowing taken by company
from bank or financial institutions on the basis of security of current assets

(ix) Details of crypto currency or virtual currency: The Company has not traded or invested in crypto
currency or virtual currency during the current or previous year

(x) There are no immovable properties possessed by the Company.

Note 25 Additional regulatory information required by Schedule III of Companies Act, 2013

(xi) The figures have been rounded off to the nearest lakhs of rupees upto two decimal places. The figure 0.00
wherever stated represents value less than Rs. 1,000/-.

^(xii) The Company does not have any transactions with struck-off companies.

(xiii) Note No. 1 to 25 form integral part of the Standalone Balance Sheet and Standalone Statement of Profit
and Loss

For PAMS & Associates For and on behalf of the Board of Directors of

Chartered Accountants RRP Semiconductor Limited

Firm Regd. No. 316079E

Sd/- Sd/- Sd/-

CA Manoranjan Mishra Ramesh Mishra Sumita Mishra

Partner Director Director

Membership No-063698 DIN-00206671 DIN- 00207928

Sd/-

Place - Mahape, Thane Sejal Patel (A75733)

Date : 30-05-2025 Company Secretary

Date: 30-05-2025