B. Provisions:

Provisions are recognized when the Company has a present obligation (legal or
constructive) as a result of a past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation.

Contingent liabilities and contingent assets are not recognized in the financial
statements but are disclosed in the notes.

C. Cash and cash equivalents:

Cash comprises of cash on hand and demand deposits. Cash equivalents are short-term
highly liquid investments with original maturities of three months or less that are readily
convertible to known amounts of cash, which are subject to an insignificant risk of
change in value.

D. Financial Liabilities:

Recognition and measurement:

Financial liabilities are classified, at initial recognition, at fair value through statement
of profit and loss as loans, borrowings, payables or derivatives, as appropriate.

E. Events after the reporting period:

Adjusting events are events that provide further evidence of conditions that existed at
the end of the reporting period.

The financial statements are adjusted for such events before authorization for issue.
Non-adjusting events are events that are indicative of conditions that arose after the
end of the reporting period. Non-adjusting events after the reporting date are not
accounted, but disclosed.

F. Investment Property:

Investment properties are stated at cost less accumulated depreciation and accumulated
impairment loss if any. The fair value of the investment property is disclosed in the notes

As per our report of even date attached For and on behalf of the Board of Directors

For N.Tatia & Associates

Chartered Accountants

Firm Registration Number: 011067S

Sd- Sd- Sd—

Nidhi Tatia K.MASILAMANI SHANTANU ROY

Partner Chief Financial Officer Chairman and Managing Director

Membership No.: FCA 061355 (DIN 10053283)

Date : 30.04.2025 Sd-

Place: Bengaluru RAVISEKHAR RAO S V

UDIN: 25061355BMIXQP4810 Company Secretary & Compliance Officer