p) Provisions, Contingent liabilities and Contingent assets

A Provision is 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
embodying economic benefit will be required to settle the
obligation and the amount can be reliably estimated.
Provisions are not recognised for future operating losses.

Provisions are measured at the present value of the
management's best estimate of the expenditure required
to settle the present obligation at the end of the reporting
period. If the effect of the time value of money is material,
provisions are determined by discounting the expected
future cash flows at 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.

Contingent liabilities are possible obligations that arise
from past events and whose existence will only be

confirmed by the occurrence or non-occurrence of one or
more future events not wholly within the control of the
Company. Where it is not probable that an outflow of
economic benefits will be required, or the amount cannot
be estimated reliably, the obligation is disclosed as a
contingent liability, unless the probability of outflow of
economic benefits is remote. Contingent liabilities are
disclosed on the basis of judgment of the management/
independent experts. These are reviewed at each Balance
Sheet date and are adjusted to reflect the current
management estimate.

q) Employee Benefits :

(i) Short-term obligations

Short term benefits comprises of employee cost such as
salaries and bonuses including non-monetary benefits
that are expected to be settled wholly within 12 months
after the end of the period in which the employees render
the related service are recognised in respect of
employees' services up to the end of the reporting period
and are measured at the amounts expected to be paid
when the liabilities are settled.

The liabilities are presented as current employee benefit
obligations in the Balance Sheet.

(ii) Post employment obligations
Defined benefit plans
Gratuity obligations

The Company provides for the retirement benefit in the
form of Gratuity. The liability or asset recognised in the
Balance Sheet in respect of defined benefit gratuity plans
is the present value of the defined benefit obligation at
the end of the reporting period less the fair value of plan
assets. The defined benefit obligation is calculated
annually by actuaries using the projected unit credit
method. The present value of the defined benefit
obligation denominated in INR is determined by
discounting the estimated future cash outflows by
reference to market yields at the end of the reporting
period on government bonds that have terms
approximating to the terms of the related obligation. The
net interest cost is calculated by applying the discount
rate to the net balance of the defined benefit obligation
and the fair value of plan assets. This cost is included in
employee benefit expense in the Statement of Profit and
Loss. Remeasurement of gains and losses arising from
experience adjustments and changes in actuarial
assumptions are recognised in the period in which they
occur, directly in other comprehensive income. They are
included in retained earnings in the statement of changes
in equity and in the Balance Sheet. Changes in the present
value of the defined benefit obligation resulting from plan
amendments or curtailments are recognised immediately
in profit or loss as past service cost.

Defined contribution plans
Provident Fund

All the employees of the Company are entitled to receive
benefits under Provident Fund, which is defined
contribution plan. Both the employee and the employer
make monthly contributions to the plan at a predeter¬
mined rate as per the provisions of The Employees
Provident Fund and miscellaneous Provisions Act, 1952.
These contributions are made to the fund administered
and managed by the Government of India.

Employee state insurance

Employees whose wages/salary is within the prescribed
limit in accordance with the Employee State Insurance
Act, 1948, are covered under this scheme. These
contributions are made to the fund administered and
managed by the Government of India. The Company's
contributions to these schemes are expensed off in the
Statement of Profit and Loss. The Company has no further
obligations under the plan beyond its monthly
contributions.

iii) Other long-term employee benefit obligations
Leave encashment

The liabilities for accumulated absents are not expected
to be settled wholly within 12 months after the end of the
period in which the employees render the related service.
They are therefore measured as the present value of
expected future payments to be made in respect of
services provided by employees up to the end of the
reporting period using the projected unit credit method.
The benefits are discounted using the market yields at the
end of the reporting period that have terms
approximating to the terms of the related obligation.
Remeasurements as a result of experience adjustments
and changes in actuarial assumptions are recognised in
the Statement of Profit and Loss.

The obligations are presented as current liabilities in the
Balance Sheet if the entity does not have an unconditional
right to defer settlement for at least twelve months after
the reporting period, regardless of when the actual
settlement is expected to occur.

Share-Based Payments

The Company recognises the goods or services received
or acquired in a share-based payment transaction when it
obtains the goods or as the services are received with a
corresponding increase in equity if the goods or services
were received in an equity-settled share-based payment
transaction, or a liability if the goods or services were
acquired in a cash-settled share-based payment
transaction.

When the goods or services received or acquired do not
qualify for recognition as assets, they are recognised as
expenses.

For equity-settled share-based payment transactions, the

Company measures the goods or services received, and
the corresponding increase in equity, directly, at the fair
value of the goods or services received, unless that fair
value cannot be estimated reliably. If the Company cannot
estimate reliably the fair value of the goods or services
received, the Company measures their value, and the
corresponding increase in equity, indirectly, by reference
to the fair value of the equity instruments granted.

If the equity instruments granted vest immediately, on
grant date the Company recognises the services received
in full, with a corresponding increase in equity.

r) Contributed equity

Equity shares are classified as equity. Incremental costs
directly attributable to the issue of new shares or options
are shown in equity as a deduction, net of tax, from the
proceeds.

s) Earnings per share

Basic earnings per equity share is calculated by dividing
the net profit or loss for the year attributable to equity
shareholders by the weighted average number of equity
Shares outstanding during the financial year. The
weighted average number of equity shares outstanding
during the period, are adjusted for events of bonus issued
to existing shareholders.

For the purpose calculating diluted earnings per share,
the net profit or loss attributable to equity shareholders
and the weighted average number of shares outstanding
are adjusted for the effects of all dilutive potential equity
shares, if any.

t) Segment reporting

In line with the provisions of Ind AS 108 Operating
Segments, and on the basis of the review of operations by
the Chief Operating Decision Maker (CODM), the
operations of the Company fall under Manufacturing of
Oral Care products, other than manufacturing business
and retail operations.

u) Measurement of fair values

A number of the accounting policies and disclosures
require measurement of fair values, for both financial and
non-financial assets and liabilities. Fair values are
categorized into different levels in a fair value hierarchy
based on the inputs used in the valuation techniques as
follows:

Level 1: quoted prices (unadjusted) in active markets for
identical assets or liabilities.

Level 2: inputs other than quoted prices included in Level
1 that are observable for the asset or liability, either
directly (i.e. as prices) or indirectly (i.e. derived from
prices).

Level 3: inputs for the asset or liability that are not based
on observable market data (unobservable inputs).
The Company has an established control framework with

respect to the measurement of fair values. This includes a
finance team that has overall responsibility for overseeing
all significant fair value measurements, including Level 3
fair values.

The finance team regularly reviews significant unobser¬
vable inputs and valuation adjustments. If third party
information, is used to measure fair values, then the
finance team assesses the evidence obtained from the
third parties to support the conclusion that these
valuations meet the requirements of Ind AS, including the
level in the fair value hierarchy in which the valuations
should be classified.

When measuring the fair value of an asset or a liability, the
Company uses observable market data as far as possible.
If the inputs used to measure the fair value of an asset or a
liability fall into different levels of the fair value hierarchy,
then the fair value measurement is categorized in its
entirety in the same level of the fair value hierarchy as the
lowest level input that is significant to the entire
measurement.

The Company recognizes transfers between levels of the
fair value hierarchy at the end of the reporting period
during which the change has occurred. Further
information about the assumptions made in measuring
fair values used in preparing these financial statements is
included in the respective notes.

v) Assets held for Sale

Non-current assets or disposal Companys comprising of
assets and liabilities are classified as held for sale if their
carrying amount is intended to be recovered principally
through a sale (rather than through continuing use) when
the asset (or disposal Company) is available for
immediate sale in its present condition subject only to
terms that are usual and customary for sale of such asset
(or disposal Company) and the sale is highly probable and
is expected to qualify for recognition as a completed sale
within one year from the date of classification.

Non-current assets or disposal Companys comprising of
assets and liabilities classified as held for sale are
measured at lower of their carrying amount and fair value
less costs to sell. Non-current assets held for sale are not
depreciated or amortised.

w) Exceptional items

An item of income or expense which its size, type or
incidence requires disclosure in order to improve an
understanding of the performance of the Company is
treated as an exceptional item and the same is disclosed
in the notes to accounts.

2.2. Recent accounting pronouncements:

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. On 31 March 2023, MCA amended the

Companies (Indian Accounting Standards) Amendment
Rules, 2023, as below:

IND AS 1 - Presentation of Financial Statements

This amendment requires the companies to disclose their
material accounting policies rather than their significant
accounting policies. The effective date for adoption of this
amendment is annual periods beginning on or after 1 April
2023. The Company has evaluated the amendment and the
impact of the amendment is significant in the standalone
financial statements.

Ind AS 12 - Income Taxes

This amendment has narrowed the scope of the initial
recognition exemption so that it does not apply to transactions
that give rise to equal and offseffing temporary differences.
The effective date for adoption of this amendment is annual
periods beginning on or after 1 April 2023. The Company has
evaluated the amendment and there is no impact on its
standalone financial statement.

Ind AS 8 - Accounting Policies, Changes in Accounting
Estimates and Errors

This amendment has introduced a definition of 'accounting
estimates' and included amendments to Ind AS 8 to help
entities distinguish changes in accounting policies from
changes in accounting estimates. The effective date for
adoption of this amendment is annual periods beginning on or
after 1 April 2023. The Company has evaluated the
amendment and there is no impact on its standalone financial
statements.

* The Company had given capital advances in earlier years amounting to Rs. 2886.24 lakhs (Net of provision amounting to Rs. 398.19
lakhs) (outstanding balance as on 31st March 2024 - Rs. 3011.15 lakhs) to various parties for capital projects for seffing up new
product manufacturing facilities in Himachal Pradesh ("H.P.") and Rs. 1328.30 lakhs (outstanding balance as on 31st March 2024 -
Rs.1328.30 lakhs) through its wholly owned subsidiary, towards pre-emption rights in the upcoming project in Union Territory of
Jammu & Kashmir ("J&K").

In lieu of the company's expansion plans and based on confirmation received from some of the parties for supply, the management
of the company is confident of the utilization of such advances in its future projects. Considering the above stated facts and
discussion with the parties, the management is confident that above stated outstanding capital advances of Rs. 3011.15 lakhs and
Rs.1328.30 lakhs will be realised/set off against supply of goods / services in near future. Accordingly, in the opinion of the
management, above stated amounts are good and fully recoverable. Hence, management has considered not necessary to make
any additional provision at this stage.

d) Terms / rights attached to equity shares

The Company has only one class of equity shares having a par value of ?10/- per share referred to herein as equity share. Each
holder of equity shares is entitled to one vote per share held.

The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting except in the case where interim dividend is distributed.
During the year ended 31 March, 2025 and 31 March, 2024, no dividend has been declared by the Company.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive all of the remaining assets of
the Company, after distribution of all preferential amounts, if any. Such distribution amount will be in proportion to the number
of equity shares held by the shareholders.

e) Aggregate number of shares issued for consideration other than cash during the period of five years immediately preceding
the reporting date:

No shares were issued to the shareholders for consideration other than cash during the period of five years immediately
preceding the reporting date.

B Nature and purpose of reserve

a) Capital reserve

A capital reserve is an account in the equity section of the balance sheet that can be used for contingencies or to offset capital
losses. It is derived from the accumulated capital surplus of a company, created out of capital profit.The reserve is utilise in
accordance with the provisions of the Companies Act, 2013.

b) Security premium

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

c) General reserve

This represents appropriation of profit by the Company and is available for distribution of dividend.

d) Retained earnings

Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, dividends or
other distributions paid to shareholders.

e) Other comprehensive income

Differences between the interest income on plan assets and the return actually achieved, and any changes in the liabilities over
the year due to changes in actuarial assumptions or experience adjustments within the plans, are recognised in 'Other
comprehensive income' and subsequently not reclassified to the Statement of Profit and Loss.

36 Contingent liability

I. Claims/litigations made against the Company not acknowledged as debts:

Matiers under litigation:

Claims against the Company by vendors & customers amounting to Rs.751.16 lakhs (Previous Year Rs. 31.38 lakhs). The
management of the Company believes that the ultimate outcome of these proceedings will not have a material/adverse effect
on the Company's financial condition and results of operations.

II. Others:

Bank guarantee issued by bank amounting to Rs. 134.36 lakhs (Previous Year Rs. 151.16 lakhs).

38 Government grant

During the financial year ended 31 March, 2022, the Company had received a capital subsidy of Rs. 225 lakhs under the
Industrial development scheme, 2017 notified vide no. 2(2)2018-SPS of the Government of India. The subsidy received is being
apportioned to Statement of Profit & Loss over the useful life of the eligible assets. During the year the Company has recognised
? 14.14 lakhs (previous year ? 15.07 lakhs) as government grant based on useful life of the assets.

39 Segment reporting

The Company is engaged in manufacturing a range of oral and dental products for elite national and international brands.
Information reported to and evaluated regularly by the Chief Operational Decision Maker (CODM) for the purpose of resource
allocation and assessing performance focuses on business as a whole. The CODM reviews the Company's performance on the
analysis profit before tax at overall level. Accordingly, there is no other separate reportable segmental as defined by IND AS 108
"Segment Reporting".

b. Defined benefit plans

i. ) Gratuity

c. Other long-term employee benefits

ii. ) Leave encashment

Gratuity is payable to eligible employees as per the Company's policy and The Payment of Gratuity Act, 1972. The present value
of obligation is determined based on actuarial valuation using the Projected Unit Credit (PUC) method, which recognizes each
period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up
the final obligations.

Provision for leave benefits is made by the Company on the basis of actuarial valuation using the Projected Unit Credit (PUC)
method.

Liability with respect to the gratuity and leave encashment is determined based on an actuarial valuation done by an
independent actuary at the year end and is charged to Statement of Profit and Loss.

Actuarial gains and losses comprise experience adjustments and the effects of changes in actuarial assumptions and are
recognized immediately in the Other Comprehensive Income as income or expense.

Other disclosures required under IND AS 19 "Employee benefits" are given below:

Description of Risk Exposures :

Risks associated with the plan provisions are actuarial risks. These risks are:- (i) investment risk, (ii) interest risk (discount rate
risk), (iii) mortality risk and (iv) salary risk.

i) Investment Risk- The present value of the defined benefit plan liability is calculated using a discount rate determined by
reference to Government bonds yield. If plan liability is funded and return on plan assets is below this rate, it will create a plan
deficit.

ii) Interest Risk (discount rate risk) - A decrease in the bond interest rate (discount rate) will increase the plan liability.

iii) Mortality Risk - The present value of the defined benefit plan liability is calculated by reference to the best estimate of the
mortality of plan participants. For this report we have used Indian Assured Lives Mortality (2012-14) ultimate table. A change
in mortality rate will have a bearing on the plan's liability.

iv) Salary Risk - The present value of the defined benefit plan liability is calculated with the assumption of salary increase rate
of plan participants in future. Deviation in the rate of increase of salary in future for plan participants from the rate of increase
in salary used to determine the present value of obligation will have a bearing on the plan's liability.

(h) Terms and Conditions

Outstanding balances at the year end are unsecured, interest free and recoverable/repayable on demand. The Company has
provided Corporate Guarantee for an amount upto Rs.500.00 Lacs towards the loan borrowed by related party, i.e. M/s JHS
Svendgaard Retail Ventures Limited in favor Small Industrial Development Bank of India (SIDBI). There has been no guarantee
provided or received for any related party receivable and payable, other than disclosed. For the year end 31 March, 2025
Rs.62.17 (31 March, 2024: ? Nil) has been provided for by the Company for receivables owed by the related party. This
assessment undertaken each financial year through examining the financial position of related party and market in which
related party operates.

44 Financial risk management

Risk management objectives and policies

The Company is exposed to various risks in relation to financial instruments. The Company's financial assets and liabilities by
category are summarised in Note 42. The main types of risks are market risk, credit risk and liquidity risk.
The Company's risk management is coordinated by its board of directors, and focuses on actively securing the Company's short
to medium-term cash flows by minimising the exposure to volatile financial markets.

The Company does not actively engage in the trading of financial assets for speculative purposes nor does it write options. The
most significant financial risks to which the Company is exposed to, are described below:

1 Market risk

Market risk is the risk that changes in market prices will have an effect on Company's income or value of the financial assets and
liabilities. The Company is exposed to various types of market risks which result from its operating and investing activities. The
most significant financial risks to which the Company is exposed are described below:

(a) Foreign currency risk

The Company operates internationally and is exposed to foreign exchange risk arising from foreign currency transactions,

2 CREDIT RISK

Credit risk arises from cash and cash equivalent,
investments in mutual funds, deposits with the banks, as
well as credit exposure to customers including
outstanding receivables.

Credit risk management

For Bank and Financial Institutions, only high rated banks/
institutions are accepted.

For other counter parties, the Company periodically
assesses the financial reliability of customers, taking into
account the financial condition, current economic trends,
and analysis of historical bad debts and ageing of account
receivables. Individual risk limits are set accordingly. The
Company continuously monitors defaults of customers
and other counterparties and incorporates this
information into its credit risk controls. The Company's
policy is to deal only with creditworthy counterparties
only.

The Company considers the probability of default upon
initial recognition of asset and whether there has been a
significant increase in credit risk on an ongoing basis
throughout each reporting period. To assess whether
there is a significant increase in credit risk the Company
compares the risk of default occurring on the asset as at
the reporting date with the risk of default as at the date of
initial recognition. The Company considers reasonable
and supportive forward-looking information.

The Company based on internal assessment which is
driven by the historical experience/current facts available
in relation to default and delays in collection thereof, the
credit risk for trade receivable is considered low. The
Company estimates its allowance for trade receivable
using life time expected credit loss. The balance past due
for more than 6 months (net of expected credit loss
allowance), excluding receivable from Group companies is

? 195.03 lakhs (31 March, 2024 ? 481.30 lakhs).

The credit risk for cash and cash equivalents and other
financial instruments is considered negligible and no
impairment has been recorded by the Company.
Significant estimates and judgments
Impairment of financial assets

The impairment provisions for financial assets disclosed
above are based on assumptions about risk of default and
expected loss rates. The Company uses judgment 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.

3 Liquidity risk

Liquidity risk is the risk that the Company will encounter
difficulty in meeting the obligations associated with its
financial liabilities that are settled by delivering cash or
another financial asset. The Company's approach to
managing liquidity is to ensure, as far as possible, that it
will have sufficient liquidity to meet its liabilities when
they are due, under both normal and stressed conditions,
without incurring unacceptable losses or risking damage
to the Company's reputation.

The Company's is responsible for managing the short term
and long term liquidity requirements. Short term liquidity
situation is reviewed daily. Longer term liquidity position
is reviewed on a regular basis by the Board of Directors
and appropriate decisions are taken according to the
situation.

Exposure to liquidity risk

The following are the remaining contractual maturities of
financial liabilities at the reporting date. The amounts are
gross and undiscounted, and include contractual interest
payments :

45 Capital management
A Risk management

For the purposes of Company capital management,
Capital includes equity attributable to the equity holders
of the Company and all other equity reserves. The primary
objective of the Company capital management is to
ensure that it maintains an efficient capital structure and
maximize shareholder value. The Company manages its
capital structure and makes adjustments in light of

changes in economic conditions and the requirements of
the financial covenants. To maintain or adjust the capital
structure, the Company may adjust the dividend payment
to shareholders or issue new shares. The Company is not
subject to any externally imposed capital requirements.
No changes were made in the objectives, policies or
processes for managing capital during the year ended 31
March, 2025 and 31 March, 2024.

49 Suppliers registered under Micro, Small and Medium Enterprises Development Act, 2006

A sum of ? 390.42 lakhs is payable to Micro and Small Enterprises as at 31 March, 2025 (31 March, 2024: ? 381.94 lakhs). The
above amount is on account of trade payables only. Out of the total amount outstanding to Micro and Small Enterprises a sum
of ? 45.19 lakhs (31 March, 2024: ? 119.92 lakhs) is outstanding for more than 45 days as at 31 March, 2025. This information as
required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the
extent such parties have been identified on the basis of information available with the Company.

Explanation for change in ratio by more than 25%

Debt Service Coverage Ratio : The negative impact in the ratio
is due to exceptional and non-recurring expenses /provisions
that have been accounted for during the Current Year.

Return on Equity Ratio : The negative impact in the ratio is due
to higher losses on account of exceptional and non-recurring
expenses /provisions that have been accounted for during the
Current Year.

Inventory Turnover Ratio : Higher turnover ratio is on account
of reduction in inventory at the end of financial year after
neffing off the provision for obsolete and non-moving
inventory.

Trade Receivable Turnover Ratio : Higher turnover is due to
reduction in receivables at the end of financial year as the
company has written off / provisioned for receivables wherein
it has observed uncertainity with respect to recoverability of a
certain amount and thus made a provision of Rs. 197.82 lacs
and write off amounting to Rs. 33.72 lacs.

Trade Payable Turnover Ratio : Higher turnover is due to
reduction in creditors as the company has availed overdraft /
cash credit limit during the current financial year leading to
improvisation in the creditors level despite the higher revenue
and increased COGS.

Net Capital turnover ratio : Higher Turnover ratio is due to
increase in the revenue and reduction in inventory, trade
receivables and trade payables.

Net Profit Ratio : The negative impact in the ratio is due to
higher losses on account of exceptional and non-recurring
expenses /provisions that have been accounted for during the
Current Year.

Return on Capital Employed : The negative impact in the ratio
is due to higher losses on account of exceptional and non¬

recurring expenses /provisions that have been accounted for
during the Current Year.

Return on Investment : Higher ratio is on account of interest
earned on the fixed deposits being made out of the funds
amounting to Rs. 2000 lakhs received against issue of shares
and Rs. 250 lakhs against the issue of warrants, for the period
ended 31 March 2025, pending utilization for the specific
objects for which funds were being raised.

54 Other statutory information

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

(ii) The Company does not have any charges or
satisfaction which is yet to be registered with ROC
beyond the statutory Period.

(iii) The Company has not traded or invested in Crypto

currency or Virtual currency during the financial
year.

(iv) 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

(v) 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 whatsoever 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,

(vi) The Company has no 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).

(vii) The Company has not been declared as wilful defaulter
by any bank or financial institution (as defined under the
Companies Act, 2013) or consortium thereof, in
accordance with the guidelines on wilful defaulters
issued by the Reserve Bank of India.

(viii) during the year, Company does not have any
transactions with companies struck off .

55 The figures of the previous year have been re-Companyed /
re-classified to render them comparable with the figures of
the current year.

For V.K. Khosla & Co. For and on behalf of Board of Directors

Chartered Accountants JHS Svendgaard Laboratories Limited

Firm Registration No.: 002283N

Sd/- Sd/- Sd/-

Amit Khosla Nikhil Nanda Vinay Mittal

Partner Managing Director Director

Membership No.: 095943 DIN : 00051501 DIN : 08232559

Sd/- Sd/-

Ashish Goel Paramvir Singh

Chief Executive Officer &
Chief Financial Officer _ .

Executive Director

Sd/-

Place : New Delhi Komal Jha

Date : 27 May 2025 Company Secretary