Provisions are recognized when there is a present obligation
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 there is a reliable estimate 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.

These are reviewed at each Balance Sheet date and adjusted to
reflect the current management estimates.

If the effect of the time value of money is material, provisions
are discounted using a current pre-tax rate that reflects, when
appropriate, the risks specific to the liability. When discounting
is used, the increase in the provision due to the passage of time
is recognized as a finance cost.

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 or a reliable estimate of the
amount cannot be made. When there is an obligation in respect
of which the likelihood of outflow of resources is remote no

Contingent assets are neither recognised nor disclosed in the
financial statements.

2.10 Inventories

Inventories are valued at the lower of cost and net realisable
value.

Stock of raw materials, stores, spares, bought out items and
certain components are valued at cost less amounts written
down.

Stock of certain aero structures, components, work-in-progress
and finished goods are valued at lower of cost and net realisable
value based on technical estimate of the percentage of work
completed.

In determining the cost of raw materials, components, stores,
spares and loose tools, the First In First Out (FIFO) method is
used. Cost of inventory comprises all costs of purchase, duties,
taxes (other than those subsequently recoverable) and all
other costs incurred in bringing the inventory to their present
location and condition.

Work-in-progress, manufactured finished goods are valued
at the lower of cost and net realisable value. Cost of work-
in-progress and manufactured finished goods is determined
on the weighted average basis and comprises direct material,
cost of conversion and other costs incurred in bringing these
inventories to their present location and condition.

Net realizable value is the estimated selling price in the ordinary
course of business less the estimated cost of completion and the
estimated costs necessary to make the sale. The comparison of
cost and net realizable value is made on item by item basis.

2.11 Cash and cash equivalents

Cash and cash equivalent in the Balance Sheet comprise cash
at banks, cash on hand and short-term deposits net of bank
overdraft with an original maturity of three months or less,
which are subject to an insignificant risk of changes in value.

Cash and Cash Equivalents includes deposits maintained by
the Company with banks, which can be withdrawn by the
Company at any point of time without prior notice or penalty
on the principal. Cash and cash equivalents include restricted
cash and bank balances. The restrictions are primarily on
account of bank balances held as margin money deposits
against guarantees.

2.12 Investment in Subsidiary

When an entity prepares separate financial statements, it shall
account for investments in subsidiaries, joint ventures and
associates either:

(a) at cost, or

(b) in accordance with Ind AS 109.

Company accounts for its investment in subsidiary at cost.

2.13 Borrowing Cost

Borrowing cost includes interest, amortization of ancillary
costs incurred in connection with the arrangement of
borrowings and exchange differences arising from foreign
currency borrowings to the extent they are regarded as an
adjustment to the interest cost.

Borrowing costs directly attributable to the acquisition or
construction of qualifying assets are capitalised as part of the
cost of the assets upto the date the asset is ready for its intended
use. All other borrowing costs are recognised as an expense in
the Statement of Profit and Loss in the year in which they are
incurred.

2.14 Financial instruments

A financial instrument is any contract that gives rise to a
financial asset of one entity and a financial liability or equity
instrument of another entity.

(a) Financial assets

(i) Initial recognition and measurement

At initial recognition, financial asset is measured at its
fair value plus, in the case of a financial asset not at fair
value through profit or loss, transaction costs that are
directly attributable to the acquisition of the financial
asset. Transaction costs of financial assets carried at fair
value through profit or loss are expensed in profit or loss.

(ii) Subsequent measurement

For purposes of subsequent measurement, financial
assets are classified in following categories:

a) at amortized cost; or

b) at fair value through other comprehensive income;
or

c) at fair value through profit or loss.
The classification depends on the entity’s business
model for managing the financial assets and the
contractual terms of the cash flows.

Amortized cost: Assets that are held for collection of
contractual cash flows where those cash flows represent
solely payments of principal and interest are measured
at amortized cost. Interest income from these financial
assets is included in finance income using the Effective
Interest Rate method (EIR).

Fair Value Through Other Comprehensive Income
(FVOCI): Assets that are held for collection of contractual
cash flows and for selling the financial assets, where the
assets’ cash flows represent solely payments of principal
and interest, are measured at Fair Value Through Other
Comprehensive Income (FVOCI). Movements in the
carrying amount are taken through OCI, except for
the recognition of impairment gains or losses, interest

revenue and foreign exchange gains and losses which
are recognized in Statement of Profit and Loss. When the
financial asset is de-recognized, the cumulative gain or
loss previously recognized in OCI is re-classified from
equity to Statement of Profit and Loss and recognized
in other gains / (losses). Interest income from these
financial assets is included in other income using the
effective interest rate method.

The Company has made an irrevocable election to
present subsequent changes in the fair value of equity
investments not held for trading in other comprehensive
income.

Fair Value Through Profit or Loss: Assets that do not meet
the criteria for amortized cost or FVOCI are measured
at fair value through profit or loss. Interest income from
these financial assets is included in other income.

(iii) Impairment of financial assets

In accordance with Ind AS 109 - Financial Instruments,
the Company applies Expected Credit Loss (ECL) model
for measurement and recognition of impairment loss on
financial assets that are measured at amortized cost and
FVOCI.

For recognition of impairment loss on financial assets
and risk exposure, the Company determines that whether
there has been a significant increase in the credit risk
since initial recognition. If credit risk has not increased
significantly, twelve-month ECL is used to provide for
impairment loss. However, if credit risk has increased
significantly lifetime ECL is used. If in subsequent years,
credit quality of the instrument improves such that there
is no longer a significant increase in credit risk since
initial recognition, then the entity reverts to recognizing
impairment loss allowance based on twelve months ECL.

Life time ECLs are the expected credit losses resulting
from all possible default events over the expected life
of a financial instrument. The twelve month ECL is a
portion of the lifetime ECL which results from default
events that are possible within twelve months after the
year end.

ECL is the difference between all contractual cash flows
that are due to the Company in accordance with the
contract and all the cash flows that the entity expects to
receive (i.e. all shortfalls), discounted at the original EIR.
When estimating the cash flows, an entity is required to
consider all contractual terms of the financial instrument
(including pre-payment, extension etc.) over the expected
life of the financial instrument. However, in rare cases
when the expected life of the financial instrument cannot
be estimated reliably, then the entity is required to use the
remaining contractual term of the financial instrument.

In general, it is presumed that credit risk has significantly
increased since initial recognition if the payment is more
than 30 days past due.

ECL impairment loss allowance (or reversal) recognized
during the year is recognized as income/expense in
the statement of profit and loss. In balance sheet ECL
for financial assets measured at amortized cost is
presented as an allowance, i.e. as an integral part of the
measurement of those assets in the balance sheet. The
allowance reduces the net carrying amount. Until the
asset meets write off criteria, the Company does not
reduce impairment allowance from the gross carrying
amount.

(iv) De-recognition of financial assets

A financial asset is de-recognized only when :

a) the rights to receive cash flows from the financial
asset is transferred; or

b) retains the contractual rights to receive the
cash flows of the financial asset, but assumes a
contractual obligation to pay the cash flows to one
or more recipients.

Where the financial asset is transferred then in that case
financial asset is de-recognized only if substantially all
risks and rewards of ownership of the financial asset
is transferred. Where the entity has not transferred
substantially all risks and rewards of ownership of the
financial asset, the financial asset is not de-recognized.

(b) Financial liabilities

(i) Initial recognition and measurement

Financial liabilities are classified, at initial
recognition, as financial liabilities at fair value
through profit or loss and at amortized cost, as
appropriate.

All financial liabilities are recognized initially
at fair value and, in the case of borrowings and
payables, net of directly attributable transaction
costs.

(ii) Subsequent measurement

The measurement of financial liabilities depends on
their classification, as described below:

Financial liabilities at fair value through profit or
loss

Financial liabilities at fair value through profit or
loss include financial liabilities held for trading
and financial liabilities designated upon initial
recognition as at fair value through profit or loss.

Loans and borrowings

After initial recognition, interest-bearing loans and
borrowings are subsequently measured at amortized
cost using the Effective Interest Rate (EIR) method.
Gains and losses are recognized in Statement
of Profit and Loss when the liabilities are de¬
recognized as well as through the EIR amortization
process. Amortized cost is calculated by taking into
account any discount or premium on acquisition
and fees or costs that are an integral part of the EIR.
The EIR amortization is included as finance costs in
the Statement of Profit and Loss.

Financial guarantee contracts

Financial guarantee contracts issued by the
company are those contracts that require a payment
to be made to reimburse the holder for a loss it
incurs because the specified debtor fails to make
a payment when due in accordance with the terms
of a debt instrument. Financial guarantee contracts
are recognised initially as a liability at fair value,
adjusted for transaction costs that are directly
attributable to the issuance of the guarantee.

Subsequently, the liability is measured at the higher
of the amount of loss allowance determined as per
impairment requirements of Ind AS 109 and the
amount recognised less cumulative amortisation.

(iii) De-recognition

A financial liability is de-recognized when the
obligation under the liability is discharged or
cancelled or expires. When an existing financial
liability is replaced by another from the same
lender on substantially different terms, or the terms
of an existing liability are substantially modified,
such an exchange or modification is treated as
the de-recognition of the original liability and the
recognition of a new liability. The difference in the
respective carrying amounts is recognized in the
Statement of Profit and Loss as finance costs.

(c) Offsetting financial instruments

Financial assets and liabilities are offset and the net
amount is reported in the Balance Sheet where there
is a legally enforceable right to offset the recognized
amounts and there is an intention to settle on a net basis
or realize the asset and settle the liability simultaneously.
The legally enforceable right must not be contingent
on future events and must be enforceable in the normal
course of business and in the event of default, insolvency
or bankruptcy of the Company or the counterparty.

1.15 Employee benefits

(a) Short-term obligations

Liabilities for wages and salaries, including non¬
monetary benefits that are expected to be settled wholly
within twelve months after the end of the year in which
the employees render the related service are recognized

in respect of employees’ services upto the end of the
year and are measured at the amounts expected to be
paid when the liabilities are settled. The liabilities are
presented as current employee benefit obligations in the
Balance Sheet.

(b) Defined contribution plan

The Company makes defined contribution to provident
fund, which are recognised as an expense in the Statement
of Profit and Loss on accrual basis. The Company has no
further obligations under these plans beyond its monthly
contributions.

Employee's State Insurance Scheme: Contribution
towards employees' state insurance scheme is made to
the regulatory authorities, where the Company has no
further obligations. Such benefits are classified as defined
contribution schemes as the Company does not carry any
further obligations, apart from the contributions made on
a monthly basis which are charged to the Statement of
Profit and Loss.

(c) Defined benefit plans

Gratuity: The Company provides for gratuity, a
defined benefit plan (the "Gratuity Plan") covering
eligible employees in accordance with the Payment of
Gratuity Act, 1972. The Gratuity Plan provides a lump
sum payment to vested employees at retirement, death,
incapacitation or termination of employment, of an
amount based on the respective employee's salary. The
Company's liability is actuarially determined (using the
Projected Unit Credit method) at the end of each year.
Actuarial losses / (gains) are recognized in the other
comprehensive income in the year in which they arise.

(d) Other long-term employee benefits

Compensated Absences: Accumulated compensated
absences, which are expected to be availed or encashed
within twelve months from the end of the year are treated
as short-term employee benefits. The obligation towards
the same is measured at the expected cost of accumulating
compensated absences as the additional amount expected
to be paid as a result of the unused entitlement as at the
year end.

Accumulated compensated absences, which are expected
to be availed or encashed beyond twelve months from
the end of the year are treated as other long-term
employee benefits. The Company's liability is actuarially
determined (using the Projected Unit Credit method)
at the end of each year. Actuarial losses / (gains) are
recognized in the Statement of Profit and Loss in the year
in which they arise.

Leaves under define benefit plans can be encashed only
on discontinuation of service by employee.

(e) Termination benefits

Liability for termination benefits like expenditure
on Voluntary Retirement Scheme/ Retrenchment is
recognised at the earlier of when the Company can no
longer withdraw the offer of termination benefit or when
the Company recognises any related restructuring costs

2.16 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit
or loss for the year attributable to equity shareholders by the
weighted average number of equity shares outstanding during
the year. Earnings considered in ascertaining the Company's
earnings per share is the net profit or loss for the year after
deducting preference dividends and any attributable tax
thereto for the year (if any). The weighted average number of
equity shares outstanding during the year and for all the years
presented is adjusted for events that have changed the number
of equity shares outstanding, without a corresponding change
in resources.

For the purpose of calculating diluted earnings per share, the
net profit or loss for the year attributable to equity shareholders
and the weighted average number of shares outstanding during
the year is adjusted for the effects of all dilutive potential
equity shares.

2.17 Segment Reporting

Operating segments are reported in a manner consistent with
the internal reporting provided to the chief operating decision
maker. The chief operating decision maker regularly monitors
and reviews the operating results separately according to the
nature of products and services provided, with each segment
representing a strategic business unit that offers different
products and serves different markets. Segments are identified
having regard to the dominant source and nature of risks and
returns and internal organization and management structure.
The Company has considered business segments as the primary
segments for disclosure. The business segment in which the
Company operates is ‘Aerospace and Aviation’. The Company
does not have any geographical segment. The accounting
principles used in the preparation of the financial statements
are consistently applied to record revenue and expenditure
in the individual segment, and are as set out in the material
accounting policies.

Thus, as defined in Ind AS 108 - Operating Segments, the
Company operates in a single business segment of aerospace
and aviation.

2.18 Events occurring after the Balance Sheet Date

The Company evaluates events and transactions that occur
subsequent to the balance sheet date but prior to 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. There are no subsequent events to be
recognised or reported that are not already disclosed.

2.19 Rounding off amounts

All amounts disclosed in standalone financial statements
and notes have been rounded off to the nearest lakh as per
requirement of Schedule III of the Act, unless otherwise stated.

3 Accounting judgments, estimates and assumptions and
recent pronouncements

The preparation of financial statements requires Management
to make judgments, estimates and assumptions that affect the
reported amounts of revenues, expenses, assets and liabilities,
and the accompanying disclosures, and the disclosure of
contingent liabilities. Uncertainty about these assumptions
and estimates could result in outcomes that require a material
adjustment to the carrying amount of assets or liabilities
affected in future years.

3.1 Estimates and assumptions

The key assumptions concerning the future and other key
sources of estimation uncertainty at the year end date, that
have a significant risk of causing a material adjustment to
the carrying amounts of assets and liabilities within the next
financial year are described below. The Company based its
assumptions and estimates on parameters available when the
financial statements were prepared. Existing circumstances
and assumptions about future developments, however, may
change due to market changes or circumstances arising that are
beyond the control of the Company. Such changes are reflected
in the assumptions when they occur.

(a) Defined Benefits and other long term benefits

The cost of the defined benefit plans such as gratuity
and leave encashment are determined using actuarial
valuations. An actuarial valuation involves making
various assumptions that may differ from actual
developments in the future. These include the
determination of the discount rate, future salary increases
and mortality rates. Due to the complexities involved
in the valuation and its long-term nature, a defined
benefit obligation is highly sensitive to changes in these
assumptions. All assumptions are reviewed at each year
end.

The principal assumptions are the discount and salary
growth rate. The discount rate is based upon the market
yields available on government bonds at the accounting
date with a term that matches that of liabilities. Salary
increase rate takes into account inflation, seniority,
promotion and other relevant factors on long-term basis.

3.2 Recent pronouncements

Ministry of Corporate Affairs (“MCA”) notifies new standards
or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to
time. For the year ended March 31,2025, MCA has not notified
any new standards or amendments to the existing standards
applicable to the Company.

37 Earnings per share

Basic earnings / (loss) per share amounts are calculated by dividing the profit / (loss) for the year attributable to equity shareholders by
the weighted average number of equity shares outstanding during the year.

Diluted earnings / (loss) per share amounts are calculated by dividing the profit / (loss) for the year attributable to equity shareholders
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.

* This loan is interest-free and was given to the subsidiary for purchase of land.

# The Managerial remuneration excludes contribution to gratuity fund and provision for leave encashment as separate figures are
not ascertainable for the managerial personnel. Further, the Company has not paid any commission to the managerial personnel.

41 Segment reporting

The Chief Operating Decision Maker (CODM) regularly monitors and review the operating results separately according to the nature
of products and services provided, with each segment representing a strategic business unit that offers different products and serves
different markets. The Company operates only in one segment i.e. "Aerospace and Aviation". The Company operates predominantly
within one geographical segment i.e. India and accordingly, this is considered as the only secondary segment.

Major customers

Revenue from one customer of the Company's aviation segment amounting to INR 2,077.63 lakh (March 31,2024: INR 1,957.64 lakh)
is more than 10% of Company's total revenue.

42 Fair values of financial assets and financial liabilities

The fair value of other current financial assets, cash and cash equivalents, trade receivables, investments, trade payables, short¬
term borrowings and other financial liabilities approximate the carrying amounts because of the short-term nature of these financial
instruments.

The amortized cost using Effective Interest Rate (EIR) of non-current financial liabilities consisting of security and other deposits are
not significantly different from the carrying amounts.

Financial assets that are neither past due nor impaired include cash and cash equivalents, security deposits, term deposits and other
financial assets.

The Company has made an ir-revocable election to present subsequent changes in the fair value of equity investments not held for
trading in other comprehensive income.

43 Fair value hierarchy

The following is the hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:

• Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

• Level 2 - Inputs other than quoted prices included within level 1 that are observable for the assets or liability, either directly (i.e.
as prices) or indirectly (i.e. derived from prices).

• Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

The following table presents fair value hierarchy of assets and liabilities measured at fair value on a recurring basis:

The fair values of deposits from lessee were calculated based on cash flows discounted using a current lending rate. They are classified
as level 3 fair values in the fair value hierarchy due to the inclusion of unobservable inputs including own and counterparty credit risk.

The carrying amount of cash and cash equivalents, bank balances other than cash and cash equivalents, trade receivables, investments
in subsidiary, other financial assets, borrowings, trade payables and other financial liabilities are considered to be the same as their fair
values.

44 Financial risk management objectives and policies

The Company is exposed to various financial risks. These risks are categorized into market risk, credit risk and liquidity risk. The
Company's risk management is co-ordinated by the Board of Directors and focuses on securing long-term and short-term cash flows.
The Company does not engage in trading of financial assets for speculative purposes.

(A) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk : interest-rate risk, currency risk and other price risk such as equity price risk and
commodity risk. Financial instruments affected by market risk include borrowings and derivative financial instruments.

(i) Interest-rate risk

Interest-rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes
in market interest rates. The Company's exposure to the risk of changes in market interest rates relates primarily to the
Company’s long-term debt obligations with floating interest rates.

The Company hass no exposure towards interest-rate risk, since no loans and borrowings during the year.

(ii) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in foreign exchange rates. The Company’s exposure to the risk of changes in foreign exchange rates relates primarily
to the Company’s operating activities (when revenue or expense is denominated in a different currency from the Company’s
functional currency).

The Company has no exposure towards foreign currency risk, since no foreign exchange receivables & payable as on date.

(B) Credit risk

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. Credit risk arises principally from the Company’s trade receivables from deposits with landlords and other
statutory deposits with regulatory agencies and also arises from cash held with banks and financial institutions. The maximum
exposure to credit risk is equal to the carrying value of the financial assets. The objective of managing counterparty credit risk is to
prevent losses in financial assets. The Company assesses the credit quality of the counterparties, taking into account their financial
position, past experience and other factors.

The Company limits its exposure to credit risk of cash held with banks by dealing with highly rated banks and institutions and
retaining sufficient balances in bank accounts required to meet a month’s operational costs. The Management reviews the bank
accounts on regular basis and fund drawdowns are planned to ensure that there is minimal surplus cash in bank accounts. The
Company does a proper financial and credibility check on the landlords before giving any property on lease and has not had a
single instance of non-refund of security deposit on vacating the leased property. The Company also in some cases ensure that the
notice period rentals are adjusted against the security deposits and only differential, if any, is paid out thereby further mitigating
the non-realization risk. The Company does not foresee any credit risks on deposits with regulatory authorities.

The Company determines the allowance for credit losses based on historical loss, experience adjusted to reflect current and
estimated future economic conditions. The Company considers current and anticipated future economic conditions relating to
industries the Company deals with and where it operates.

(C) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company
manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to meet its liabilities when due.

(i) This relates to GST demand of INR 7.72 lakh (March 31, 2024: INR Nil) for the year 2021-22 which is disputed by the
Company. The Company has filed an appeal against this order and the appeal is pending with the appellate authority.

(ii) Various excise duty demands pending as at March 31, 2024 have been settled during the year.

(iii) This relates to damages claimed by a customer towards breach of contractual obligations of INR 170 lakh (March 31, 2024:
INR 170 lakh) during the year 2005-06 which are disputed by the Company in the City Civil Court of Bangalore.

Future cash outflows in respect of the above, if any, is determined only on receipt of judgment / decisions pending with
relevant authorities. The Company does not expect the outcome of matters stated above to have a material adverse effect on
the Company's financial condition, result of operations or cash flows.

c) There is no cumulative shortfall in CSR expenditure at the end of the year (March 31,2024: Nil)

49 During the FY 2023-24 the Company had made an investment of INR 100 lakh in equity shares of Prive Avion Alliances Pvt. Ltd. Based
on the valuation report, such investment have been measured at fair value through Other Comprehensive Income (OCI) at INR 63 lakh
(March 31, 2024 - INR 69.43 lakh). The resulting difference of INR 5.94 lakh (March 31, 2024 - INR 27.39 lakh) (net of deferred tax)
has been charged to the Statement of Profit and Loss account under OCI.

During the FY 2023-24 the Company had made an investment of INR 2,000 lakh in equity shares of Altair Infrasec Pvt. Ltd. Based on
the valuation report, such investment have been measured at fair value through Other Comprehensive Income (OCI) at INR 2,216.37
lakh (March 31, 2024 - INR 2,000 lakh). The resulting difference of INR 193.87 lakh (March 31, 2024 - INR Nil) (net of deferred tax)
has been charged to the Statement of Profit and Loss account under OCI.

During the year the Company had made an investment of INR 499.99 lakh in equity shares of Zenith Precision Pvt. Ltd. Based on the
valuation report, such investment have been measured at fair value through Other Comprehensive Income (OCI) at INR 318.88 lakh
(March 31, 2024 - INR Nil). The resulting difference of INR 162.27 lakh (March 31, 2024 - INR Nil) (net of deferred tax) has been
charged to the Statement of Profit and Loss account under OCI.

a) Current Ratio is increased on account of increase in current assets primarily contributed by bank balances, Inventories and
investments during the year.

b) Return on equity has increased on account of increase in profits during the year compared to previous year.

c) Trade receivables turnover ratio has increased during the year, primarily on account of decrease in closing balance of trade
receivables during the year.

d) Trade Payable turnover ratio has increased primarily on account of increased costs and decrease in closing balance of trade
payables during the year compared to previous year.

e) Net capital turnover ratio has decreased primarily on account of an increase in current assets particularly in inventories, Fixed
deposits and fresh investments during the year.

f) Net profit ratio has increased primarily on account of increase in profits during the year compared to previous year.

g) Return on capital employed has increased on account of increase in Profit before tax during the year compared to previous year.

h) Inventory Turnover ratio is higher because less manufacturing operation and only used in job work business.

* Revenue from operations has been considered only to the extent it pertains to activities involving consumption of inventory.

i) Return on investments has increased on account of fresh investments made during the year.

51 Additional regulatory information required by Schedule III

(i) Details of benami property held

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

(ii) Wilful defaulter

The Company have not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

(iii) Relationship with struck off companies

The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section
560 of Companies Act, 1956.

(iv) Registration of charges or satisfaction with Registrar of Companies

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

(v) Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies
(Restriction on number of Layers) Rules, 2017.

(vi) 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.

(vii) Valuation of PP&E, intangible asset and investment property

The Company has not revalued its property, plant and equipment and investment property or both during the current or previous
year.

(viii) 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.

(ix) Utilisation of borrowed funds and share premium

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:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

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:

(a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

52 Previous period/ year's figures have been re-grouped/ re-classified wherever necessary in line with the amendments to Schedule III of
the Companies Act, 2013.

For and on behalf of the Board of Directors of
Taneja Aerospace and Aviation Ltd

CIN: L62200TZ1988PLC014460

Dr. Prahlada Ramarao Rakesh Duda Jitendra R. Muthiyan Ashwini Navare

Chairman Managing Director Chief Financial Officer Company Secretary

DIN : 07548289 DIN : 05234273 Membership Number : A51288

Place : Bengaluru Place : Bengaluru Place : Bengaluru Place : Bengaluru

Date : May 13, 2025 Date : May 13, 2025 Date : May 13, 2025 Date : May 13, 2025