The Company has re-evaluated its intention with respect to its investment in the quoted equity shares of Jyoti Limited. Accordingly, the management has decided to hold these investments for the long term, and not for short term with effect from 1st April,2025. Accordingly, such prospective reclassification of quoted equity shares resulted in reclassification of unrealised gain or loss on such equity shares from Fair Value Through Profit or Loss (FVTPL) to Fair Value Through Other Comprehensive Income - NR (FVTOCI-NR) prospectively, in accordance with Ind AS 109. Such reclassification cannot be revoked in future. In line with the applicable accounting standards, the comparative figures have not been restated. On the reporting date the fair market value of the shares was INR. 527.67 lakhs, have an effect on reporting date decrease in income by INR. 346.55 lakhs (gross) during the year.

b) Rights, preferences and restrictions attached to shares

Equity shares: The Company has one class of equity shares having a par value of Rs.10 per share. Each shareholder is eligible for one vote per share held. The 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. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

B. Measurement of fair values

The below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as follow:

Level 1: Quoted prices in active markets for identical assets and liabilities.

Level 2: Inputs other than quoted prices included within Level 1 that are observabe for the asset 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).

NOTE 35 - Financial instruments - Fair values and risk management

The Company’s principal financial liabilities comprises of trade and other payables. The Company’s financial assets include trade and other receivables, and cash & cash equivalents that it derives directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the

management of these risks. The Company’s senior management is supported by the Board of Directors that advises on financial risks and the appropriate financial risk governance framework for the Company. This provides assurance to the Company’s senior management that the Company’s financial risk activities are governed by appropriate policies and procedure and that financial risks are identified, measured and managed in accordance with the Company’s policies and risk objectives. The Board of Directors reviews and agrees policies for managing each risk, which are summarised as below:

(i) 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.

The Company is exposed to cedit risk for trade receivables and other financial assets.

Other financial assets

Other financial assets includes loan to employees, security deposits, investments, cash and cash equivalents, other bank balance, advances to employees etc.

• Cash and cash equivalents and Bank deposits are placed with banks having good reputation and past track record with adequate credit rating.

• The Company has given security deposit to various government authorities. Being government authorities, the Company does not have exposure to any credit risk.

Trade and other receivables

The exposure to credit risk on accounts receivables and amounts due from related parties is monitored on an ongoing basis by the management and these are considered recoverable by the company's management. Accounts receivables were outstanding from few customers and hence the Company has concentration of accounts receivables and cosequent risk to that extent.

In view of the management based on the company's past history as well as forward looking estimates at the end of each reporting period, receivables are good and fully recoverable.

The following year end trade receivables, loans and other financial assets balances, though overdue, are expected to be realised in the normal course of business and hence, are not considered impaired as at March 31,2026 and March 31, 2025 :

(ii) Liquidity risk Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and undiscounted, and include estimated interest payments and exclude the impact of netting agreements.

(iii) 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 of interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk. Financial instruments affected by market risk include loans and borrowings and deposits.

(a) Currency risk

Currency risk faced by the company is minimal as there are no foreign currency transactions or minimal foreign currency transactions.

(b) Interest rate risk

Interest rate risk is the risk of variability in profit due to change in interest rates on interest bearing assets and interest bearing liabilities.

Exposure to interest rate risk

The interest rate profile of the Company's interest - bearing financial instrument as reported to management is as follows:

(c) Investment Price Risk

The Company is exposed to the risk of its investment not being recoverd.

NOTE - 36 CAPITAL MANAGEMENT

The Company determines the amount of capital required on the basis of the annual business plan coupled with long term and short term strategic investments and expansion plans. The funding needs are met through equity, cash generated from operations, long terms and short term bank borrowings.

The Company monitors capital using a ratio of ‘adjusted net debt’ to ‘adjusted equity’. For this purpose, adjusted net debt is defined as total liabilities, comprising interest-bearing loans and borrowings, less cash and cash equivalents. Adjusted equity comprises all components of equity.

On November 21,2025, the Government of India notified the four Labour Codes, consolidating 29 existing labour laws. The Company has evaluated the provisions of the Labour Codes, draft rules, FAQs and obtained legal assessment in respect of its existing employee compensation and benefit policies. The Company is already in compliance with the new labour code and based on such evaluation, there is no material financial impact on the financial statements as at end for the year ended March 31,2026.

The Company does not have any transaction to report against the following disclosure requirements as notified by MCA pursuant to amendment to Schedule III:

1. Crypto Currency or Virtual Currency

2. Benami Property held under Benami Transactions (Prohibition) Act, 1988 (45 of 1988)

3. Registration of charges or satisfaction with Registrar of Companies

4. Related to Borrowing of Funds:

i. Wilful defaulter

ii. Utilisation of borrowed fund and share premium

iii. Discrepancy in utilisation of borrowings

iv. Discrepancy in information submitted towards borrowings obtained on the basis of security of current assets