32 Contingent Liability Contingencies:

In the ordinary course of business, the Company faces claims and assertions by various parties. The Company assesses such claims and assertions and monitors the legal environment on an ongoing basis with the assistance of external legal counsel, wherever necessary. The Company records a liability for any claims where a potential loss is probable and capable of being estimated and discloses such matters in its financial statements if material. For potential losses that are considered possible, but not probable, the Company provides disclosure in the financial statements but does not record a liability in its accounts unless the loss becomes probable.

The following are the description of claims and assertions where a potential loss is possible, but not probable.

Pending litigations by the company

The Company has instituted criminal proceedings against M/s Priyaa Engineering listed on June 23, 2017 before the Hon’ble Court of the Additional Metropolitan Magistrate, Vikhroli, Mumbai, under Section 138 read with Section 141 of the Negotiable Instruments Act, 1881. The complaint arises from a transaction wherein the Company supplied plastic sheets amounting to a total value of ?14,98,180/-, pursuant to a confirmed order placed by M/s Priyaa Engineering. The goods were duly delivered in accordance with the instructions provided by . Towards discharge of part of the legally enforceable debt, M/s Priyaa Engineering issued certain cheques which, upon presentation, were returned unpaid with the endorsement “Insufficient Funds.”

In recent developments, it is noted that neither the representative of the Complainant Company nor M/s Priyaa Engineering have been attending the scheduled hearings.The next date of hearing decided by the court is on April 3, 2025.

33 Operating Lease

The Company has entered into operating lease arrangements for certain facilities and office premises. The leases are cancellable and are for a period of 1 to 5 years and may be renewed for a further period based on mutual agreement of the parties. Lease payments recognised in the Statement of Profit and Loss for the Year ended March 31, 2025 ?41.30 lakhs, for the year eneded March 31, 2024 ? 60.62 lakhs.

39 Employee benefit plan:

Defined contribution plan: Amounts recognised as expenses towards contributions to provident fund and other funds by the Company are ? 27.15 lakhs (previous period ? 28.98 lakhs).

Defined benefit plan:

The following table sets out the status of the gratuity plan (unfunded) as required under AS -15 (Revised):

42 Additional Regulatory Information Required By Schedule III To The Companies Act, 2013

a) The Company does not have any benami property held in its name. No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

b) The Company is not declared as willful defaulter by any bank or financial institution (as defined under the Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on willful defaulters issued by the Reserve Bank of India.

c) The requirement with respect to number of layers as prescribed under section 2(87) of the Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017 is not applicable, since the company has no subsidiaries.

d) The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 (as amended) or section 560 of the Companies Act, 1956.

e) The company has borrowings from banks on the basis of security of current assets. The quarterly returns or statements of current assets filed by the Company with banks or financial institutions are generally in agreement with the books of accounts.

f) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) 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

(b) Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

g) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatso ’ver by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

h) The Company does not have any 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

i) The Company has not traded or invested in crypto currency or virtual currency during the year.

j) There isno scheme ofarrangement approvedby competent authority interms ofsections230to 237 ofthe CompaniesAct,2013duringthe year, hence relevant disclosures ore not applicable.

k) The Company does not have any charges or satisfaction of charges which is yet to be registered with Registrar of Companies beyond the statutory period.

l) The Company has not revalued any of its Property, Plant and Equipment during the year.

43 Disclosures with regards to section 186 of the Companies Act, 2013

The Company has not given any loans or advances in the nature of loans to promoters, directors, KMPs and/ or related parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are repayable on demand, or without specifying any terms or period of repayment.

44 Code On Social Security, 2020

The Code on Social Security, 2020 (‘Code’) has been notified in the Official Gazette on September 29, 2020.The Code is not yet effective and related rules are yet to be notified. Impact if any of the change will be assessed and recognized in the period in which said Code becomes effective and the rules framed thereunder are notified.

45 Discontinuation of Unit II

During the period the company has completed the process to vacate the lease premises pertaining to Unit-II & also completed to transfer the assets pertaining to Unit II to unit I.

46 Significant Events After The Reporting Period

There were no significant adjusting events that occurred subsequent to the reporting period other than the events disclosed in the relevant Notes.

47 Previous Year’s Figures

The previous year figures have also been reclassified to conform to current year’s classification wherever applicable.