Provisions and Contingent Liabilities

A Provision is recognised when the entity has a present obligation as a result of past event and it is probable that an outflow
of resources will be required 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 Balance Sheet date.

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 entity 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. A Contingent asset
is neither recognised nor disclosed.

Revenue Recognition

Revenue from sale of goods is recognised when control and significant risks and rewards of ownership of the products being
sold is transferred to the customer. This is generally fulfilled at the time of dispatch, delivery or upon formal customer
acceptance depending on customer terms. Revenue is measured on the basis of contracted price, after deduction of any
trade discounts, volume rebates and any taxes or duties collected on behalf of the government such as goods and services
tax, etc. Previous experience is used to estimate the provision for such discounts and rebates. Revenue is only recognised to
the extent that it is highly probable a significant reversal will not occur. Income from services rendered is recognised based
on agreements/arrangements with the customers as the service is performed and there are no unfulfilled obligations.
Interest income is recognized on accrual basis, adopting a time proportion method, taking into account the amount
outstanding and the rate applicable. Dividend income on investments is accounted for when the right to receive the income
is established. Export incentives are recognised on accrual basis to the extent the management is certain of the income.

Employee Benefits

Short-term employee Benefits

Benefits such as salaries, wages and performance incentives are charged to the statement of profit and loss at the actual
amounts due in the period in which the employee renders the related service.

Defined Contribution Plans

Payments made to defined contribution plans such as provident and pension fund are charged as an expense based on the
amount of contribution required to be made as and when services are rendered by the employees.

Defined Benefit Plans

All defined benefit plans obligations are determined based on valuations, as at the Balance Sheet date, made by
independent actuary using the projected unit credit method. Actuarial gains and losses are recognised immediately in the
statement of profit and loss. The fair value of the plan assets is reduced from the gross obligation under the defined benefit
plan, to recognise the obligation on net basis.

Other Long-term Employee Benefits

Other long-term employee benefits include leave encashment. Leave encashment is recognised as an expense in the
statement of profit and loss as and when it accrues on actuarial basis.

Leases

At the inception of a lease, the lease arrangement is classified as either a finance lease or an operating lease, based on the
substance of the lease agreement. A finance lease is one where substantially all the risks and rewards of ownership are
transferred to the lessee, while an operating lease is any other type of lease.

Operating lease

If a lease is classified as an operating lease, lease payments made are recognised as an expense on a straight-line basis over
the lease term in the profit and loss statement.

Finance lease

If a lease is classified as a finance lease, an asset and a liability is recognised at the commencement of the lease. The value is

determined as lower of the asset's fair value and present value of minimum lease payments. Subsequent to initial
recognition, the asset is depreciated as per the accounting policy applicable to the same class of assets. The lease payments
are apportioned between interest expense and reduction in outstanding lease liability. Interest expenses represent a
constant periodic rate of interest on the outstanding lease liability.

Foreign Currency Transactions

Foreign currency transactions are translated into the functional currency using exchange rates at the date of the
transaction. Foreign exchange gains and losses from settlement of these transactions are recognised in the statement of
profit and loss. Foreign currency denominated monetary assets and liabilities are translated into functional currency at
exchange rates in effect at the balance sheet date, the gain or loss arising from such translations are recognised in the
statement of profit and loss.

Borrowing Cost

Borrowing costs that are directly attributable to the acquisition or construction of qualifying assets are capitalised.
Qualifying asset is an assets that necessesarily takes substantial period of time to get ready for its intended use. Other
borrowing costs are recognised as an expense in the period in which they are incurred.

Taxes on Income

Income tax expense for the year comprises of current tax and deferred tax.

Current tax

Current tax is the estimated amount of tax payable on the taxable income for the year, using tax rates enacted or
substantively enacted at the reporting date. Minimum Alternate Tax (MAT) is accounted as Current tax when the taxes
calculated as per Book profits are greater than the taxes calculated as per normal provisions of Income Tax. Credit for such
MAT is availed when the entity is subjected to normal tax provisions in the future. MAT credit Entitlement is recognised as
an asset based on the management's estimate of its recoverability in the future.

Deferred tax

Deferred tax is recognised in respect of timing differences between the carrying amount of assets and liabilities for financial
reporting purposes and the corresponding amounts used for taxation purposes.

A deferred tax liability is recognised based on the expected manner of realisation or settlement of the carrying amount of
assets and liabilities, using tax rates enacted, or substantively enacted, by the end of the reporting period. Deferred tax
assets are recognised only to the extent that it is probable that future taxable profits will be available against which the
asset can be utilised except for deferred tax assets in respect of tax losses, where they are recognised only to the extent the
management is virtually certain as to the sufficiency of future taxable income. Deferred tax assets are reviewed at each
reporting date and reduced to the extent that it is no longer probable that the related tax benefit will be realised.

Earnings per Share

In determining earnings per share, the Company considers the net profit after tax attributable to equity shareholders. The
number of shares used in computing basic earnings per share is the weighted average number of equity shares outstanding
during the year. The number of equity shares used in computing diluted earnings per share comprises weighted average
number of equity shares considered for deriving basic earnings per share and also weighted average number of equity
shares which could have been issued on the conversion of all dilutive potential equity shares.

Rights, preferences and restrictions attached to shares

The Company has issued only one class of equity shares having a par value of Rs. 10 per share. Each equity shareholder is entitled
to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive
remaining assets of the Company, after distribution of all preferential amounts, in proportion to their shareholding. Any dividend
proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except
in case of interim dividend.

Details regarding number and class of shares for the period of five years immediately preceding March 31, 2025

a) The company has not allotted any shares as fully paid-up without payment being received in cash.

b) The company has not alloted any shares as fully paid up bonus shares.

c) The company has not bought back any of its shares.

Other Details regarding issue of shares

There are no shares reserved for issue under options and contracts / commitments for the sale of shares.

There are no securities convertible into equity or preference shares.

There are no calls unpaid on any shares.

There are no forfeited shares.

Earning available for debt service = Profit for the year (before taxes) Finance costs Depreciation and Amortisation Expense
Total debt service = Finance costs Principal Repayments

Capital employed = Shareholders' funds Long Term Borrowings Short Term Borrowings Deferred Tax Liabilities (Net) - Intangible assets -
Intangible Assets under development

34. Other Disclosures

Disclosure requirements as notified by MCA pursuant to amended Schedule III:

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

- The Company does not have any Benami Property under Prohibition of Benami Property Transactions Act, 1988.

- The Company has not been declared a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter.

- The Company has no Scheme of Arrangement approved by the competent authority specified under Section 230 to 237 of the
Companies Act, 2013.

Previous Period figures have been re-grouped / re-classified, wherever necessary, to make them comparable with Current Period's
classification.

As per our report of even date attached

For Ramanand & Associates For and on behalf of Board of Directors

Chartered Accountants
Firm Regn No : 117776W

RACHANA

CA Ramanand Gupta LUCKNOWALA ZUZER LUCKNOWALA FIROZ LUCKNOWALA

Partner DIRECTOR DIRECTOR DIRECTOR

Membership No : 103975 DIN : 02466195 DIN : 00979509 DIN : 01553122

Place : MUMBAI Place : MUMBAI Place : MUMBAI

Place : MUMBAI Date : May 28, 2025 Date : May 28, 2025 Date : May 28, 2025

Date : May 28, 2025
UDIN:- 25103975BMIGBJ1739