XVII.Provisions, contingent liabilities and contingent assets

Provisions are recognized 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 benefit will be required to settle the
obligation and a reliable estimate can be made of the amount of the
obligation. These are reviewed at each Balance Sheet date and adjusted to
reflect the current best estimates. Contingent liabilities are not recognized but
are disclosed in the notes. Contingent assets are neither recognised nor
disclosed in the financial statements

XVMI.Eamings per share

Basic Earnings per Share is calculated by dividing the net profit/ loss for the
year attributable to ordinary equity holders by the weighted average number
of equity shares outstanding during the year.

Diluted Earnings Per Share is calculated by dividing the profit attributable to
equity holders (or owners) of the Company by the weighted average number
of equity shares outstanding during the year plus the weighted average
number of equity shares that would be issued on conversion of all the dilutive
potential equity shares into equity shares

XlX.Segment Reporting

The segments have been identified taking into account the nature of the
products / services, geographical locations, nature of risks and returns,
internal organization structure and internal financial reporting system. The
Company prepares its segment information in conformity with the accounting
policies adopted for preparing and presenting the financial statements of the
Company as a whole.

Earning Per share is calculated by dividing the Profit / (Loss) attributable to the Equity
Shareholders by the weighted average number of Equity Shares outstanding during the
year. The numbers used in calculating basic and diluted earning per Equity Share as stated

hplnw #»________

The company is organised into two main business segments, namely production of
engraving cylinders and generation of power from wind turbine generator.The disclosures
regarding the segment information is as follows :

25. Risk measurement, Objectives and Policies
25.1 Financial Risk Management

The Company's principal financial liabilities comprise loans and borrowings in domestic
& foreign currency, trade payables and other payables. The main purpose of these
financial liabilities is to finance the Company's operations. The Company's principal
financial assets include loans, trade and other receivables, and cash and short-term
deposits that derive directly from its operations.

The Company has exposure to the following risks from its use of financial instruments:

- Credit risk

- Liquidity risk

- Market risk

This note presents information about the Company's exposure to each of the above
risks and how the Company is managing such risk.

The company's Board of Directors has overall responsibility for the establishment and
oversight of the company's risk management framework. The company's risk
management policies are established to identify and analyse the risks faced by the

company, to set appropriate risk limits and controls and to monitor risks. Risk
management policies and systems are reviewed regularly to reflect changes in
market conditions and the company's activities.

25.2 Credit Risk Management

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a
financial instrument fails to meet its contractual obligations, and arises principally from
the Company's receivables from customers and others. In addition, credit risk arises
from financial guarantees.

The Company implements a credit risk management policy under which the Company
only transacts business with counterparties that have a certain level of credit
worthiness based on internal assessment of the parties, financial condition, historical
experience, and other factors. The Company's exposure to credit risk is influenced
mainly by the individual characteristics of each customer. The Company has established
a credit policy under which each new customer is analyzed individually for
creditworthiness.

The Company establishes an allowance for impairment that represents its estimate of
incurred losses in respect of trade and other receivables. The main components of this
allowance are a specific loss component that relates to individually significant
exposures, and a collective loss component that are expected to occur. The collective
loss allowance is determined based on historical data of payment statistics for similar
financial assets. Debt securities are analyzed individually, and an expected loss shall be
directly deducted from debt securities.

Credit risk also arises from transactions with financial institutions, and such transactions
include transactions of cash and cash equivalents and various deposits. The Company
manages its exposure to this credit risk by only entering into transactions with banks
that have high ratings. The Company's treasury department authorizes, manages, and
oversees new transactions with parties with whom the Company has no previous
relationship.

The Company periodically assesses the financial reliability of customers, taking into
account the financial condition, current economic trends and ageing of accounts
receivable. Individual risk limits are set accordingly.

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

The company's treasury department is responsible for liquidity, funding as well as
settlement management.

In addition, processes and policies related to such risks are overseen by senior
management. Management monitors the company's net liquidity position through
rolling forecast on the basis of expected cash flows.

Market risk is the risk of loss of future earnings, fair values or future cash flows that may
result from a change in the price of a financial instrument. The value of a financial
instrument may change as a result of changes in the interest rates, foreign currency
exchange rates, equity prices and other market changes that affect market risk sensitive
instruments. Market risk is attributable to all market risk sensitive financial instruments
including investments and deposits, foreign currency receivables, payables and loan
borrowings. The goal of market risk management is optimization of profit and
controlling the exposure to market risk within acceptable limits.

The Company manages market risk through a treasury department, which evaluates and
exercises independent control over the entire process of market risk management. The
treasury department recommends risk management objectives and policies, which are
approved by Senior Management and the Audit Committee. The activities of this
department include management of cash resources, borrowing strategies, and ensuring
compliance with market risk limits and policies. The company does not have any
exposure to rupee term loans from banks or any foreign currency borrowings and also
there are no exports during the year. There are no foreign commercial transactions
which are denominated in a currency that is not the company's functional currency
(INR). Further there are no imports of raw materials during the year. Hence disclosures
with regards to Interest rate risk, foreign currency risk, commodoty price risk and
sensitivity analysis are not applicable.

For the purposes of the Company's capital management, capital includes issued capital
and all other equity reserves. The primary objective of the Company's Capital
Management is to maximize shareholder value. The company manages its capital
structure and makes adjustments in the light of changes in economic environment and
the requirement of the financial covenants.

27. ADDITIONAL REGULATORY INFORMATION

(a) The title deeds of all the immovable properties, (other than immovable properties
where the Company is the lessee and the lease agreements are duly executed in
favour of the Company) disclosed in the financial statements included in property,
plant and equipment and capital work-in progress are held in the name of the
Company as at the balance sheet date.

(b) The Company has not advanced or loaned or invested funds to any promoter(s),
Director(s), KMP(s) or Related Parties.

(c) The Company does not have any benami property, where any proceeding has been
initiated or pending against the Company for holding any benami property.

(d) The requirement of filing quarterly returns or statements of current assets with
banks or financial institutions is not applicable since the company does not having
any borrowings with the banks / financial institutions.

(e) The Company is not declared wilful defaulter by and bank or financials institution
or lender during the year.

(f) The Company does not have any transactions with companies which are struck off.

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

(h) The company does not have any subsidiary and nor the company is the subsidiary
of any other company. Thus, reporting under clause (87) of section 2 of the
Companies Act 2013 read with Companies (Restricition on number of Layers)
Rules, 2017 is not applicable.

(j) No scheme of arrangements have been approved by the competent authority. Hence,
reporting under this point is not applicable.

(k) (I) 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:

(i) 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)

(ii) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

(II) 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:

(i) 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)

(ii) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

(l) There are no transactions not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under
the Income Tax Act, 1961

(m) The Company is not covered under section 135 hence reporting under this point is
not applicable.

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

28. In terms of Ind AS 36, the management has reviewed its fixed assets and arrived at the
conclusion that impairment loss which is difference between the carrying amount and
recoverable value of assets, was not material and hence no provision is required to be
made.

29. The company evaluates events and transactions that occur subsequent to the balance
sheet date but prior to the approval of the financial statements to determine the
necessity for recognition and/or reporting of any of these events and transactions in the

financial statements. As of May 30, 2025, there were no subsequent events to be
recognized or reported that are not already previously disclosed.

30. 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 will assess the impact of the Code when it
comes into effect and will record any related impact in the period the Code becomes
effective.

31. Previous year's figures have been regrouped/reclassified wherever necessary to
correspond with the current year's classifications/disclosures and to conform with the
requirements of the amended Schedule III to the Companies Act, 2013.

As per our Report of even date For and on behalf of the Board

For Ashok Dhariwal & Co.

Chartered Accountants

Registration No.: 100648W

(CA Ashok Dhariwal) Nandlal J. Agarwal Kunal Nandlal Agrawal

Partner (Chairman & M.D.) (Director)

Membership No.: 036452 (DIN : 00336556) (DIN:00169324)

Place : Ahmedabad Gopal D. Sharma Darshan B. Shah

Date : 30.05.2025 (CFO) (Company Secretary)