xii) Provisions and Contingencies

Provisions: are recognised when the Company has a
present legal or constructive obligation as a result of past
events, it is probable that an outflow of resources will be
required to settle the obligation and the amount can be
reliably estimated. Provisions are not recognised for future
operating losses. Where there are a number of similar
obligations, the likelihood that an outflow will be required

in settlement is determined by considering the class of
obligations as a whole. A provision is recognised even if
the likelihood of an outflow with respect to any one item
included in the same class of obligations may be small.

Provisions are measured at the present value of
management's best estimate of the expenditure required
to settle the present obligation at the end of the reporting
period. The discount rate used to determine the present
value is a pre-tax rate that reflects current market
assessments of the time value of money and the risks
specific to the liability. The increase in the provision due to
the passage of time is recognised as interest expense.

Sales Related obligation (warranty and replacement
loss): The estimated liablility for sales related obligation
is recorded when product are sold. These estimates are
established using historical information on the nature,
frequency and average cost of obligations and management
estimates regarding possible future incidence based on
corrective actions on product failure. The timing of outflow
will vary as and when the obligation will arise being typically
upto 3 to 7 years. Initial recognition is based on historical
experience. The initial estimate of sales related obligation
(related cost) is revised annually.

Litigation: The Company is party to various lawsuits that
are pending at various levels or stages, involving tax and
other matters. The Company contests all claims in the
court/tribunal/appellate authority levels and based on their
assessment and that of legal counsel, record provision
where risk or loss is considered probable. The outcome is
expected on cessation of respective events.

Contingent Liabilities: 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.

Contingent assets: contingent assets are disclosed when
the inflow of economic benefit is probable.

xiii) Cash and Cash Equivalents

For the purpose of presentation in the statement of cash
flows, cash and cash equivalents includes cash on hand,
cash at bank, cheques in hand, deposits held at call with
financial institutions, other short-term, highly liquid
deposits with original maturities of three months or less
that are readily convertible to known amounts of cash and
which are subject to an insignificant risk of changes in
value. For the purpose of cash flow statement, cash and
cash equivalents consist of cash at bank, cheques in hand,
deposits with maturity less than 3 months. Cash flow is
prepared using indirect method.

xiv) Earnings Per Share

a) Basic earnings per share

Basic earnings per share is calculated by dividing:

- the profit attributable to owners of the Company

- by the weighted average number of equity shares
outstanding during the financial year, adjusted for
bonus elements in equity shares issued during
the year

b) Diluted earnings per share

Diluted earnings per share adjusts the figures used in
the determination of basic earnings per share to take
into account:

- the after income tax effect of interest and other
financing costs associated with dilutive potential
equity shares, and

- the weighted average number of additional
equity shares that would have been outstanding
assuming the conversion of all dilutive potential
equity shares.

xv) Trade receivables (Financial assets)

Trade receivables that do not contain a significant
financing component are measured at transaction price.

xvi) Other financial assets

a) Classification:

The Company classifies its financial assets in the
following measurement categories:

- those to be measured subsequently at fair value
(either through other comprehensive income or
through profit or loss), and

- those measured at amortised cost

The classification depends on the entity's business
model for managing the financial assets and the
contractual terms of the cash flows.

b) Measurement:

At initial recognition, the Company measures a
financial asset at its fair value plus, in the case of
a financial assets 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 off in the statement of
profit and loss.

Assets that are held for collection of contractual
cash flows where those cash flows represent solely
payments of principal and interest are measured at
amortised cost. A gain or loss on a debt investment
that is subsequently measured at amortised cost and
is not part of a hedging relationship is recognised
in profit or loss when the asset is derecognised or
impaired. Interest income from these financial assets

is included in finance income using the effective
interest rate method.

c) Impairment of financial assets:

The Company assesses on a forward looking basis
the expected credit losses associated with its
assets carried at amortised cost. The impairment
methodology applied depends on whether there has
been a significant increase in credit risk.

For trade receivables only, the Company applies the
simplified approach permitted by Ind AS 109 Financial
Instruments, which requires expected lifetime losses
to be recognised from initial recognition of the
receivables.

d) Derecognition:

A financial asset is derecognised only when

- the Company has transferred the rights to receive
cash from the financial asset or

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

Where the entity has transferred an asset, the Company
evaluates whether it has transferred substantially all
risks and rewards of ownership of the financial asset. In
such cases, the financial asset is derecognised. Where
the entity has not transferred substantially all risks
and rewards of ownership of the financial asset, the
financial asset is not derecognised.

Where the entity has neither transferred a financial
asset nor retains substantially all risks and rewards
of ownership of the financial asset, the financial
asset is derecognised if the Company has not
retained control of the financial asset. Where the
Company retains control of the financial asset, the
asset is continued to be recognised to the extent of
continuing involvement in the financial asset.

e) Income recognition:

Interest income: Interest income from financial
instruments is recognised using the effective
interest rate method. The effective interest rate is
the rate that exactly discounts estimated future cash
receipts through the expected life of the financial
asset to the gross carrying amount of a financial
asset. When calculating the effective interest rate,
the Company estimates the expected cash flows by
considering all the contractual terms of the financial
instrument (for example, prepayment, extension,
call and similar options) but does not consider the
expected credit losses.

Insurance Claims: Income from refund claim of
insurance is recognized on confirmation of realization
of refund amount

xvii) 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 recognised amounts
and there is an intention to settle on a net basis or realise
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.

xviii) Trade and other payables

These amounts represent liabilities for goods and services
provided to the Company prior to the end of financial year
which are unpaid. Trade and other payables are unsecured
and are presented as current liabilities unless payment is
not due within 12 months after the reporting period. They
are recognised initially at their fair value and subsequently
measured at amortised cost using the effective interest
method.

xix) Dividends

Provision is made for the amount of any dividend declared,
being appropriately authorised and no longer at the discretion
of the entity, on or before the end of the reporting period but
not distributed at the end of the reporting period.

xx) Rounding of amounts

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

(2) Critical estimates and judgements

The preparation of financial statements requires the use of
accounting estimates which, by definition, will seldom equal the
actual results. Management also needs to exercise judgements
in applying the Company's accounting policies.

This note provides an overview of the areas that involved a
higher degree of judgement or complexity, and of items which
are more likely to be materially adjusted due to estimates and
assumptions turning out to be different than those originally
assessed. Detailed information about each of these estimates
and judgements is included in relevant notes together with
information about the basis of calculation for each affected line
item in the financial statements.

Critical estimates and judgements

The areas involving critical estimates or judgements are:

- Estimation of defined benefit obligations Note 14

- Provision for litigations and contingent liabilities Note 14
and 32

- Provision for replacement loss / Warranty expenses Note 14

- Provision for Extended Producer Liability Note 17 and 43

- Estimation of current tax expense and payable Note 26

- Impairment of trade receivables Note 28

- Right of use assets Note 5

- Right of use liabilities Note 13(a)

Estimates and judgements are continually evaluated. They are
based on historical experience and other factors, including
expectations of future events that may have a financial impact
on the Company and that are believed to be reasonable under
the circumstances.

(v) Nature and purpose of other reserves

(i) Securities premium

Securities premium is used to record the premium on issue of shares and is utilised in accordance with the provisions of the
Companies Act, 2013.

(ii) General reserve

General reserve is kept aside out of Company's profits and are used to meet future obligations.

(iii) Other equity - revaluation

As the Company opted for exemption under paragraph D7AA of Ind AS 101 and also elected the cost model under Ind AS 16 for
subsequent measurement of Property, Plant and Equipment, the revaluation reserve recognised under previous GAAP has been
transferred to 'Other equity- revaluation' on the date of transition to Ind AS. This balance does not constitute free reserves available
for distribution as dividend in accordance with the provisions of the Companies Act, 2013.

(a) Information about individual provisions and significant estimates

Provision for customs, excise and sales tax litigation: These represent the best possible estimates arrived at on the basis of available
information. The uncertainties and possible reimbursements are dependent on the outcome of the different legal processes which
have been invoked by the Company or the claimants as the case may be and therefore cannot be predicted accurately. The Company
engages reputed professional advisors to protect its interests and has been advised that it has strong legal positions against such
disputes. It is not practicable for the Company to estimate the timings of cash outflows, if any, in respect of the above pending
resolution of the respective proceedings.

Provision for replacement loss / Warranty expenses: Replacement loss reserves are based on past claims experience, sales history
and other considerations. Replacement loss is provided on the sale of the Company's products and an accrual for estimated future
claims is recorded at the time revenue is recognized. Tyres replacement offered by the Company is on a prorated basis.

The above sensitivity analysis are based on a change in an assumption while holding all other assumptions constant. In practice, this
is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined ben¬
efit obligation to significant actuarial assumptions the same method (present value of the defined benefit obligation calculated with
the projected unit credit method at the end of the reporting period) has been applied as when calculating the defined benefit liability
recognised in the balance sheet.

The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the prior period.

(v) Risk Exposures:

Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed below :
Salary Increases:

Actual salary increases will increase the Plan's liability. Increase in salary increase rate assumption in future valuations will also
increase the liability.

Investment Risk:

If Plan is funded then assets liabilities mismatch & actual investment return on assets lower than the discount rate assumed at the last
valuation date can impact the liability.

Discount Rate:

Reduction in discount rate in subsequent valuations can increase the plan's liability.

Mortality & disability:

Actual deaths & disability cases proving lower or higher than assumed in the valuation can impact the liabilities.

Withdrawals:

Actual withdrawals proving higher or lower than assumed withdrawals and change of withdrawal rates at subsequent valuations can
impact Plan's liability.

The Company through its Trusts ensures that the investment positions are managed within an asset-liability matching (ALM) framework
that has been developed to achieve long-term investments that are in line with the obligations under the employee benefit plans.

The Company through its Trusts actively monitors how the duration and the expected yield of the investments are matching the
expected cash outflows arising from the employee benefit obligations. The Company has not changed the processes used to manage
its risks from previous periods. Investments are well diversified, such that the failure of any single investment would not have a material
impact on the overall level of assets.

A large portion of assets in 2025-26 consists of government and corporate bonds, although the Company through its Trusts also invests
in equities and mutual funds. The plan asset mix is in compliance with the requirements of the respective local regulations.

(vi) Defined benefit liability and employer contributions

Expected contributions to post-employment benefit plans for the year ending March 31, 2027 are Rs. 637.

The weighted average duration of the defined benefit obligation is 9 years (March 31,2025- 9 years).

The expected maturity analysis of gratuity and provident fund benefits is as follows:

25(c) "Exceptional Item

The Government of India, vide notification dated November 21, 2025, has brought into effect the Code on Wages, 2019, the Industrial Relations
Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred
to as the "Labour Codes”), which subsume and replace multiple existing labour legislations.

In accordance with Ind AS 19 - Employee Benefits, changes to employee benefit plans arising from the implementation of the Labour
Codes are treated as plan amendments. Accordingly, the impact of such changes is required to be recognised immediately in the
Statement of Profit and Loss as past service cost. This accounting treatment is in line with the guidance issued by the Institute of
Chartered Accountants of India.

During the current year, based on actuarial valuation, the Company has reassessed the impact and recognised an additional past service cost
of '2,177 lakhs in respect of gratuity ('1,748 lakhs) and compensated absences (' 429 lakhs) pertaining to the previous period.

The Company continues to closely monitor developments relating to the notified rules under the Labour Codes, including further clarifications
and guidance from regulatory authorities, and will assess the consequential accounting implications, if any, in the periods ahead.

(c) The Company has established a comprehensive system of maintenance of information and documents as required by the transfer pricing
legislation under sections 92-92F of the Income Tax Act, 1961. For this purpose, the Company has appointed independent consultants for
conducting Transfer Pricing Study. Management is of the opinion that its international transactions with associated enterprises have been
undertaken at arms' length basis at duly negotiated prices on usual commercial terms. The Company has submitted the Accountants' Report
in form 3CEB upto the financial year ended on March 31, 2025 as required under section 92E of the Income Tax Act, 1961 and evaluated the
margins for financial year ended March 31, 2026 on preliminary basis for the purpose of recording transactions in the books. Based upon
transfer pricing evaluation performed for FY 2025-26, the Company is of the view that there would be no material change in the recorded
transactions and has no material impact arising on the final transfer pricing study conducted based upon the audited financial statements of
March 31,2026.

The carrying amounts of security deposits, trade receivables, trade payables, creditors for capital items, cash and cash equivalents,
other bank balances, lease liabilities and other financial assets/ liabilities are considered to be the same as their fair values, due to their
short-term nature.

The Company does not have any financial instruments where significant estimation was involved in determination of its fair value.

28 Financial Risk Management

The Company 's activities expose it to the market risk, liquidity risk and the credit risk. The Company's risk management is carried out
by the treasury department for cash and cash equivalent, deposits with banks, foreign currency risk exposure and liquidity risk under
various approved policies. The risk management for trade receivables is carried out by controlling department of the Company.

(A) Credit Risk

Credit risk arises from cash and cash equivalents, other bank balance, trade receivables and other financial assets.

(i) Credit risk management

(a) Cash and cash equivalents and other bank balance:

The Company is in control of its exposure to these financial instruments by diversifying the deposit, by investing cash and cash
equivalents and other bank balance based on counterparty credit strength as measured by long-term credit ratings of the three major
rating agencies (Standard & Poors, Moody's and Fitch) and by monitoring the financial strength of these banks on regular basis.

By controlling and monitoring exposure in this manner, the Company believes that it effectively manage the risk of loss due to non
performance by the banks.

(b) Trade Receivables:

The Company has Credit Policy and the independent credit control department to review the credit worthiness of the customers and
assess the recoverability of the asset. Finance Director is the authority to approve any exception to the Policy.

Customer credit risk is managed basis established policies of the Company, procedures and controls relating to customer credit risk
management which helps in assessing the risk at the initial recognition of the asset. Outstanding customer receivables are regularly
and closely monitored. The Company has a monthly process of following past due analysis leading to very few cases of bad debts and

delayed payments. The same is evident from the earlier years receivable write-off. The Company provides for any outstanding beyond
180 days. The trade receivables on the respective reporting dates are net off the allowance which is sufficient to cover the entire
lifetime loss of sales recognised including those that are currently less than 180 days outstanding.

A default on a financial asset is when the counterparty fails to make contractual payment within 180 days of when they fall due. This
definition of default is determined by considering the business environment in which entity operates.

The Company believe that there are efficient processes established to monitor and control the risk of loss associated with receivables.

(c) Other financial assets:

Other financial assets of the Company mainly comprises of security deposit with Dakshin Haryana Bijli Vitran Limited, security deposits
for the rental premises and others, accrued interest on fixed deposits with banks, deposits held as lien with Banks and other receivables
from related parties.

Credit risk exposure with respect to other financial assets are negligible as they are either supported by legal agreement or are with
Nationalised banks and Government organisations:

- Security deposit with Dakshin Haryana Bijli Vitran Limited, a public sector organisation, represents low credit risk.

- Security deposits for the rental premises and others are with counter parties with strong capacity to meet the obligation, hence the
risk of default is considered to be negligible.

- Accrued interest on fixed deposits are with banks having strong financial strength as explained above, hence the risk of default is
considered to be negligible.

- Other receivables from related parties are as per approved policy and the established procedure to monitor the dues from related
parties which also ensures timely payments and no default, hence credit risk is negligible.

(ii) Provision for expected credit losses

Customer credit risk is managed basis established policies of the Company, procedures and controls relating to customer credit risk
management. Outstanding customer receivables are regularly monitored. The Company has a diverse customer base, as its customers
are located and operate in largely independent markets and does not see any significant concentration of risk related to reliance on any
single customer. The credit quality of the customers is evaluated based on the approved policies and established processes.

Significant estimates and judgements
Impairment of Trade Receivables:

The impairment provisions for financial assets disclosed above are based on assumptions about risk of default and expected loss
rates. The Company uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on the
Company's past history, existing market conditions as well as forward looking estimates at the end of each reporting period.

(B) Liquidity Risk

The Company's primary sources of liquidity are cash generated from operation. The cash flows from operating activities are driven
primarily by operating results and changes in the working capital requirements.

The Company intend to operate the business in a way that allows the Company to address its needs with existing cash and available
financing arrangement if they cannot be funded by cash generated from operations.

The Company believe that its liquidity position is adequate to fund the operating and investing needs and to provide with flexibility to
respond to further changes in the business environment.

(C) Market Risk

(ia) Foreign Currency Risk: The Company operates internationally and is exposed to foreign exchange risk in relation to operating activities
(when revenue or expense is denominated in a foreign currency) arising from foreign currency transactions, primarily with respect
to the USD and EUR. The Company has approved policies to enter into foreign currency contracts in order to manage the impact of
changes in foreign exchange rates on the results of operations and future foreign currency-denominated cash flows.

Foreign currency exposure of the Company is minimal.

(ii) Interest rate risk

Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. The Company does not have any borrowings therefore it is not impacted by interest rate risk.

(iii) Price Risk: The Company does not have any investments in equity shares.

29 Capital Management

(a) Risk Management

The Company's objectives when managing capital is to safeguard their ability to continue as a going concern, so that they can continue
to provide returns for shareholders and benefits for other stakeholders.

As of March 31, 2026, the Company has only one class of equity shares and no debt. Therefore, there are no externally imposed capital
requirements.

There is no change in the Company's capital structure since previous year.

Notes:

(i) The Company has income tax demand of INR 6,895 lakhs for FY 2016-17; FY 2017-18, FY 2019-20, FY 2020-21 & FY2021-22 in
respect of disallowance of regional service charges (RSC) (except IT services) which was charged by Ultimate Holding Company in
respect of the various services provided. The Company has requisite documents to substantiate actual rendering of said service
and same have been allowed by tax department in earlier years assessments. The Company also has income tax demand of INR
2,857 lakhs for FY 2006-07 to FY 2021-22 in respect of disallowance of Trademark fees. During the year, the Company has received
remand back order from the Assessing Officer for FY 2016-17 & FY 2017-18 in which Trademark Fees addition has been deleted.
Trademark Fees was charged by Ultimate Holding Company in respect of brand used by the Company, however, the fellow
subsidiaries has received relief in similar matter from the Hon'ble Tribunal for period from FY 2006-07 to FY 2017-18. Considering
favorable precedence on both the matters, the management is of the view that the Company will be able to defend the cases on
merit and accordingly disclosed as contingent liability. In view of Appendix C of Ind AS 12 in respect of Uncertain Tax Treatment,
the Company has estimated contingent liability in the matter of INR 7550 Lakhs as at year end.

These represent the best estimates arrived at on the basis of available information. The uncertainties and possible reimbursements
are dependent on the outcome of the different legal processes which have been invoked by the Company or the claimants as the
case may be and therefore cannot be predicted accurately. The Company engaged reputed professional advisors to protect its
interests and has been advised that it has strong legal positions against such disputes. It is not practicable for the Company
to estimate the timings of cash outflows, if any, in respect of the above pending resolution of the respective proceedings.
Amount of contingent liabilities are inclusive of Interest as per order.

(ii) In 2008, the State of Haryana (the State) introduced "the Haryana Tax on Entry of Goods into Local Areas Act, 2008 ("Act”) which
High Court of Punjab and Haryana declared as 'Unconstitutional'. As on date, the State did not frame and notify enabling "Rules”
under the Act, and no demand has been received by the Company. Accordingly, the amount of liability involved, if any, under the
Act also cannot be measured.

Further, on November 11, 2016 the nine Judges Bench of Hon'ble Supreme Court held that the State Governments do have right
to levy an 'Entry Tax', however (i) whether States have enacted correct legislations in alignment with Indian Constitutional
provisions, (ii) whether such taxes demanded by State Governments were actually used for intended development of local
area and (iii) the interpretation of the word "Local Area” were among questions not addressed by the November 11, 2016 ruling,
but instead are to be heard by Hon'ble Divisional Bench of the Supreme Court individually for each state, on merits. The above
mentioned matters were heard by the Hon'ble Divisional Bench of the Supreme Court and remanded back to High Court of
Punjab and Haryana and directed that fresh petitions should be filed by the parties, based on the principles given by the nine
Judges Bench of Hon'ble Supreme Court. The Company filed its fresh petition in May 2017.

In Dec'2024, Haryana Government issued "Removal of Difficulty Order (ROD), 2024” effective April'2008 u/s 174 of the Haryana
Goods and Service Tax, 2017 for assessment & recovery of Haryana Entry Tax. Subsequent to this order, Haryana Tax Authority
issued 15 notices for the period AY 2003-04 to AY 2017-18 for initiating the assessment of said period and arbitrarily determined
tax liability of Rs. 13,274 Lakhs. The Company has filed WRIT petition before Punjab and Haryana High Court challenging the
ROD, 2024 and the 15 notices on the ground that said ROD and notices both are time barred in law and non-sustainable.

Having regard to the status of matter above and in the absence of any rules notified until the ROD, 2024 under which tax can
be levied or measured and matter is also time barred since no demand has been raised till date since enactment of the Act, the
management supported by the legal opinion has assessed obligation towards entry tax, if any, is Remote.

(b) The Company did not have any long-term contracts including derivatives contracts for which there were any material foreseeable
losses.

34 Events occurring after the reporting period

Refer to note 29(b) for the final dividend recommended by the directors which is subject to the approval of shareholders in the ensuing
annual general meeting.

35 Share-based payments

The Goodyear Tire & Rubber Company, Akron, Ohio, USA (Ultimate holding company) issues stock-based awards to the Company's
employees under their approved Performance Plan. The issue of grants of restricted stock units and stock appreciation rights to the
employees of the Company are covered under the same Performance Plan as declared by the ultimate holding company.

Stock appreciation rights (SAR)

Grants of Stock Appreciation Right generally have a graded vesting period of four years whereby one-fourth of the awards vest on each
of the first four anniversaries of the grant date, an exercise price equal to the fair market value of one share of the ultimate holding
company on the date of grant (calculated as the average of the high and low price or the closing market price on that date depending
on the terms of the related Plan) and a contractual term of ten years. Stock Appreciation Rights are cancelled on, or 90 days following,
termination of employment unless termination is due to retirement, death or disability under certain circumstances, in which case, all
outstanding options vest fully and remain outstanding for a term set forth in the related grant agreement. As the obligation to settle
the share based transaction rests with the Company in cash, hence these are accounted for as cash-settled options. The Company has
not granted any SAR after December 2014.

Restricted stock units (RSU)

Restricted stock units have vesting period of three years beginning on the date of grant. Restricted stock units will be settled through
the issuance of an equivalent number of shares of The Goodyear Tire & Rubber Company, Akron, Ohio, USA common stock. The Company
is required to reimburse the ultimate holding company the cost of the share issuance as on the date of vesting. As the obligation to
settle the share based transaction rests with the Company in cash, hence these are accounted for as cash-settled options.

39 Standards issued but not yet effective

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. MCA has not notified any new standards or amendment to the existing
standards applicable to the company as at March 31, 2026. Further, Ind As 118, Presentation and Disclosure in Financial Statements,
has been issued by ICAI and is effective for annual periods beginning on or after April 1, 2027. The Company is evaluating the impact of
the Standard on its financial statements.

40A As per the MCA notification dated August 05, 2022, the Central Government has notified the Companies (Accounts) Fourth Amendment
Rules, 2022. As per the amended rules, the Companies are required to maintain back-up of the books of accounts and other relevant
books and papers in electronic mode that should be accessible in India on a daily basis.

The books of account along with other relevant records and papers of the Company are maintained in electronic mode. These are
readily accessible in India at all times and currently a backup is maintained on a cloud - based server. The Company has complied with
the requirements of maintaining of back-up of books of accounts and other relevant books and papers on daily basis on the server(s)
physically located in India.

40B The Ministry of Corporate Affairs (MCA) introduced certain requirements, where accounting softwares used by the Company should
have a feature of recording audit trail of each and every transaction (effective April 01, 2023). The Company has an IT environment
which is adequately governed with General information technology controls (GITCs) for financial reporting process and the Company
has assessed all of its IT application that are relevant for maintaining books of accounts.

The Company has used accounting software for maintaining its books of account for the year ended March 31, 2026 where in audit
trial (edit log) feature is enabled for capturing audit logs for transactions processed through transaction codes (user interface) and at
database level except few tables and the same has operated throughout the year for all relevant transactions recorded in the software.

The Company has not noted any tampering of the audit trail feature in respect of the software for which the audit trail feature was operating.
Additionally, the audit trail has been preserved by the Company as per the statutory requirements for record retention."

41 Other Statutory information :

(a) The Company did not have any transactions or balances with the Companies whose name is struck off under section 248 of the
Companies Act, 2013.

(b) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Group for holding
any Benami property.

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

(d) The Company did not have any such transaction which is 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 such as, search or survey or any other
relevant provisions of the Income Tax Act, 1961.

(e) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period,

(f) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

42 While performing physical verification in November 16, 2024, the Company identified certain shortages in the finished goods inventory
aggregating to value of Rs 452 lakhs which was accounted for as loss in the Statement of Profit and Loss in the quarter ended December
31, 2024. As reported in public domain in February 2025, the Company had appointed Ernst & Young LLP to conduct a fact-finding
review in the matter.

The fact finding review was completed and accordingly the report was reviewed by the Audit Committee and subsequently by the Board
of Directors at its meeting held on July 04, 2025.

The review, covering the period from October 01, 2023 to November 30, 2024, establish that the theft of tyres occurred primarily due
to the conduct of the Third Party contractors and contract workers involved in security, warehousing, and loading operations, acting in
collusion.

Further, fact finding review also identified some pilferage of tyres due to excess loading in shipments involving only one junior level
employee who was suspected to have played some part through collusion with the Third Parties, and that too without any instructions
in this regard from his superiors or anyone in management. Other than the limited involvement of the junior employee, the Fact-Finding
Review did not find evidence of involvement by any other Company employee.

The management has taken cognizance of the above findings and initiated appropriate legal and disciplinary actions against those
involved. Proactive measures, including a site security assessment and tightened operational and financial controls, have been
implemented. Moreover, further enhancements to certain operational controls and processes are under implementation.

43 No funds (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(s) or entity(ies), including foreign entities
("Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

44 No funds (either individually or in the aggregate) have been received by the Company from any person(s) or entity(ies), including foreign
entities ("Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.