k) Provision for liabilities and charges, Contingent liabilities and contingent assets

The assessments undertaken in recognizing provisions and contingencies have been made in
accordance with the applicable Ind AS. Provisions represent liabilities to the Company for which the
amount or timing is uncertain. Provisions are recognized when the Company has a present
obligation (legal or constructive), as a result of past events, and it is probable that an outflow of
resources, that can be reliably estimated, will be required to settle such an obligation. If the effect of
the time value of money is material, provisions are determined by discounting the expected future
cash flows to net present value using an appropriate pre-tax discount rate that reflects current
market assessments of the time value of money and, where appropriate, the risks specific to the
liability. Unwinding of the discount is recognized in the statement of profit and loss as a finance
cost. Provisions are reviewed at each reporting date and are adjusted to reflect the current best
estimate.

The Company has significant capital commitments in relation to various capital projects which are
not recognized on the balance sheet. In the normal course of business, contingent liabilities may
arise from litigation and other claims against the Company. Guarantees are also provided in the
normal course of business. There are certain obligations which management has concluded, based
on all available facts and circumstances, are not probable of payment or are very difficult to
quantify reliably, and such obligations are treated as contingent liabilities and disclosed in the notes
but are not reflected as liabilities in the financial statements. Although there can be no assurance
regarding the final outcome of the legal proceedings in which the Company involved, it is not
expected that such contingencies will have a material effect on its financial position or profitability.
Contingent assets are not recognized but disclosed in the financial statements when an inflow of
economic benefits is probable.

l) Foreign currency transactions

In the financial statements of the Company, transactions in currencies other than the functional
currency are translated into the functional currency at the exchange rates ruling at the date of the
transaction. Monetary assets and liabilities denominated in other currencies are translated into the
functional currency at exchange rates prevailing on the reporting date. Non-monetary assets and
liabilities denominated in other currencies and measured at historical cost or fair value are
translated at the exchange rates prevailing on the dates on which such values were determined. All
exchange differences are included in the statement of profit and loss except any exchange

differences on monetary items designated as an effective hedging instrument of the currency risk of
designated forecasted sales or purchases, which are recognized in the other comprehensive income.

m) Earnings per share

The Company presents basic and diluted earnings per share (“EPS”) data for its equity shares. Basic
EPS is calculated by dividing the profit and loss attributable to equity shareholders of the Company
by the weighted average number of equity shares outstanding during the period. Diluted EPS is
determined by adjusting the profit and loss attributable to equity shareholders and the weighted
average number of equity shares outstanding for the effects of all dilutive potential equity shares.

n) Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 “Statement of Cash Flows”,
whereby profit / (loss) before tax is adjusted for the effects of transactions of non-cash nature and
any deferrals or accruals of past or future cash receipts or payments. The cash flows from
operating, investing and financing activities of the Company are segregated based on the available
information.

o) Research and development

Revenue expenditure towards research and development is charged to the statement of profit and
loss in the year it is incurred. Capital expenditure on research and development related to property,
plant and equipments is included in the cost of related property, plant and equipments.

36. Fair Value Measurement (IND AS 113)

The management assessed that fair value of all current assets and current liabilities are
realizable at the value as shown in the financial statements of the company. Financial assets
of the company are stated at cost. The market value of the financial assets are being
disclosed in Note No. 5.

37. Previous year figures have been regrouped/reclassified wherever necessary to correspond
with the current year's classification/disclosure.

38. UTILISATION OF BORROWED FUNDS, SHARE PREMIUM OF ANY OTHER SOURCE
OF FUNDS

i. No funds (which are material either individually or in the aggregate) have been
advanced or loaned or invested (either from borrowed funds or share premium or
any other sources or kind of funds) by the Company to or in any other person or
entity, including foreign entity (“Intermediaries”).

ii. No funds (which are material either individually or in the aggregate) have been
received by the Company from any person or entity, including foreign entity
(“Funding Parties”).

39. RELATIONSHIP WITH STRUCK OFF COMPANIES

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

40. The Company does not have any transactions not recorded in books of accounts that has
been surrendered or disclosed as income during the year and previous year in the tax
assessments under the Income Tax Act, 1961.

41. The Company has not traded or invested in any crypto currency or virtual currency during
the year and previous year.

42. There has been no fraud by the Company or on the Company during the year and
previous year.

43. Previous year's figures have been have been regrouped / restated wherever necessary to
confirm to current year's presentation.

44. Solvency Ratios

As per our report of even date

For H.N. Jhavar & Co.

Firm Reg. No. 000544C

Chartered Accountants For and on behalf of the Board

CA Ashish Saboo Devendra Jain Mukesh Jain

Partner Managing Director Whole Time Director

M.N. 079657 DIN 00232920 DIN 00245111

UDIN: 25079657BMMLED3740
Date: 28/05/2025
Place: Indore

Haniska Mittal Shailesh Jain

Company Secretary Chief Financial Officer