xvi) PROVISIONS

A Provision is recognized when the company has a present obligation as a result of past event and it is probable
that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be
made.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that
reflects current market assessments of the time value of money and the risks specific to the liability. When
discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.
These are reviewed at each balance sheet date and adjusted to reflect the current management estimates.

xvii) CONTINGENT LIABILITIES

A disclosure is made for a contingent liability when there is a:

a) possible obligation, the existence of which will be confirmed by the occurrence/non-occurrence of one or
more uncertain future events, not fully within the control of the Company;

b) present obligation, where it is not probable that an outflow of resources embodying economic benefits will be
required to settle the obligation;

c) present obligation, where a reliable estimate cannot be made."

xviii) SEGMENT REPORTING
Basis of Segment Reprting

The company's operating businesses are organized and managed 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.

Inter-segment Transfers

The Company generally accounts for inter-segment sales and transfers as if the sales or transfers were to third
parties at current market prices.

Allocation of common costs

Common allocable costs are allocated to each segment according to the relative contribution of each segment to
the total common costs.

Unallocated items

Other segment includes income and expense items which are not allocated to any business segment.

xix) CASH AND CASH EQUIVALENTS

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and
short-term investments with an original maturity of three months or less. Non-cash transactions are excluded
from the cash flow statement.

As per our report of even date attached

For TAS ASSOCIATES For and on the Behalf of Board of Directors

Chartered Accountants

Firm Registration No: 010520N g^ g^_

Sushil Kumar Goyal Abhey Goyal

M_uk_esh Aa_rawal (Managing Director) (Whole Time Director)

_Partner ^a DIN:00125275 DIN:02321262

Membership Number-090582

Sd/- Sd/-

Place : New Delhi Jai Gopal Sharma Kapil

Date : 30^th May 2025 (Chief Financial Officer) (Company Secretary)

UDIN: 25090582BMMAFV8912 PAN:ANYPS9660D M.NO. 10992