s) Provisions Contingent liabilities and contingent assets:-

A provision is recognized if, as a result of a past event, the Company has a present
legal obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation. Provisions are determined
by the best estimate of the outflow of economic benefits required to settle the
obligation at the reporting date. Where no reliable estimate can be made, a
disclosure is made as Contingent Liability.

A disclosure for a Contingent Liability is also made when there is a possible
obligation or a present obligation that may, but probably will not, require an outflow
of resources. Where there is a possible obligation or a present obligation in respect of
which the likelihood of outflow of resources is remote, no provision or disclosure is
made.

Possible obligation that arises from the past events whose existence will be
confirmed by the occurrence or non-occurrence of one or more uncertain future
events beyond the control of the Company or a present obligation that is not
recognized because it is not probable that an outflow of resources will be required to
settle the obligation is reported as Contingent Liability. In the rare cases, when a
liability cannot be measures reliable, it is classified as Contingent Liability. The
Company does not recognize a Contingent Liability but disclosed its existence in the
standalone financial statements.

t) Event after Reporting Date:-

Where events occurring after the Balance Sheet date provide evidence of condition
that existed at the end of reporting period, the impact of such events is adjusted
within the standalone financial statements. Otherwise, events after the Balance Sheet
date of material size or nature are only disclosed.

All the events occurring after the Balance Sheet date up to the date of the approval of
the standalone financial statement of the Company by the board of directors on May
28th 2023, have been considered, disclosed and adjusted, wherever applicable, as
per the requirement of Accounting Standards.

u) Late Delivery Charges

The liability on account of late delivery charges, due to delay in delivery of finished
products for on accrual basis as per the terms of contract after adjusting for the claims
which are no longer.

v) Research and Development Expenses

Research and development cost of revenue are charged to revenue as and when
incurred, and of capital nature is capitalized and depreciation thereon is provided as
per the rates prescribed inn schedule II to the companies Act, 2013.

w) Warranty Claims and Provisions

The Company makes a provision for the probable future liability on account of
warranty as at the end of the financial year, in addition to meeting the actual warranty
claimed.