Provisions are recognised when present obligations as a result of a past event will probably lead to an
outflow of economic resources and amounts can be estimated reliably. Timing or amount of the outflow
may still be uncertain. A present obligation arises when there is a presence of a legal or constructive
commitment that has resulted from past events, for example, legal disputes or onerous contracts. Provisions
are not recognised for future operating losses.

Provisions are measured at the estimated expenditure required to settle the present obligation, based on
the most reliable evidence available at the reporting date, including the risks and uncertainties associated
with the present obligation. Provisions are discounted to their present values, where the time value of money
is material.

Any reimbursement that the Company can be virtually certain to collect from a third party with respect
to the obligation is recognised as a separate asset. However, this asset may not exceed the amount of
the related provision.

All provisions are reviewed at each reporting date and adjusted to reflect the current best estimate.

In those cases where the outflow of economic resources as a result of present obligations is considered
improbable or remote, no liability is recognised.

- Possible obligations which will be confirmed only by future events not wholly within the control of the
Company or

- Present obligations arising from past events where it is not probable that an outflow of resources
will be required to settle the obligation or a reliable estimate of the amount of the obligation cannot
be made.

Contingent assets are not recognised. However, when inflow of economic benefits is probable, related
asset is disclosed.

o. Employee benefits

Expenses and liabilities in respect of employee benefits are recorded in accordance with Indian Accounting
Standard 19- Employee Benefits. Employee benefits include provident fund, employee state insurance,
gratuity, compensated absences etc. The Company’s contribution to provident fund and employee state
insurance are considered as defined contribution plans and gratuity and compensated absences are
considered defined benefit plans.

Defined benefit plans

Gratuity

The Company operates one defined benefit plan for its employees, viz. gratuity. The cost of providing benefits
under this plan is determined on the basis of actuarial valuation at each year-end using the projected unit
credit method and is recognised in the financial statements. Actuarial gain and loss for the defined benefit
plan is recognized in full in the period in which they occur in other comprehensive income.

Other long term benefits

Compensated adsenses or accumulated leave expected to be carried forward beyond twelve months, is
treated as long term employee benefits. Such long term compensated absences are provided for based
on the actuarial valuation using the projected unit credit method at the year end and is recognised in the
financial statements. Accumulated leave, which is expected to be utilised within the next 12 months, is
treated as short term employee benefit.

Liability under continuity linked key resource and deferred salary schemes is provided for on actuarial
valuation basis, which is done as per the projected unit credit method at the end of each financial period.
Defined contribution plans
Provident Fund

The Company makes contribution to statutory provident fund in accordance with Employees Provident
Fund and Miscellaneous Provisions Act, 1952. The plan is a defined contribution plan and contribution paid
or payable is recognised as an expense in the period in which services are rendered by the employee.

Short-term employee benefits

Expense in respect of other short term benefits is recognised on the basis of the amount paid or payable
for the period during which services are rendered by the employee.

p. Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity
shareholders (after deducting attributable taxes) by the weighted average number of equity shares
outstanding during the period. The weighted average number of equity shares outstanding during the period
is adjusted for events including a bonus issue.

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

q. Segment reporting

Operating segments are reported in a manner consistent with the internal reporting done to the chief operating
decision maker. The Company operates in a single operating segment and geographical segment.

r. Investment in Subsidiary and Associate Companies

The Company has elected to recognize its investments in subsidiary and associate companies at cost
in accordance with the option available in Ind AS 27, ‘Separate Financial Statements’.

s. Leases

The Company assesses at contract inception whether a contract is, or contains, a lease. That is, if the
contract conveys the right to control the use of an identified asset for a period of time in exchange for
consideration.

Company as a lessee

The Company applies a single recognition and measurement approach for all leases, except for short¬
term leases and leases of low-value assets. The Company recognises lease liabilities to make lease payments
and right-of-use assets representing the right to use the underlying assets.

a) Right-of-use assets

The Company recognises right-of-use assets at the commencement date of the lease (i.e., the date
the underlying asset is available for use). Right-of-use assets are measured at cost, less any
accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities.
The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs
incurred, and lease payments made at or before the commencement date less any lease incentives
received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease
term and the estimated useful lives of the assets.

b) Lease liabilities

At the commencement date of the lease, the Company recognises lease liabilities measured at the
present value of lease payments to be made over the lease term. The lease payments include fixed
payments (including in-substance fixed payments) less any lease incentives receivable, variable lease
payments that depend on an index or a rate, and amounts expected to be paid under residual value
guarantees. The lease payments also include the exercise price of a purchase option reasonably certain
to be exercised by the Company and payments of penalties for terminating the lease, if the lease
term reflects the Company exercising the option to terminate. Variable lease payments that do not
depend on an index or a rate are recognised as expenses in the period in which the event or condition
that triggers the payment occurs.

In calculating the present value of lease payments, the Company uses its incremental borrowing rate
at the lease commencement date because the interest rate implicit in the lease is not readily determinable.
After the commencement date, the amount of lease liabilities is increased to reflect the accretion of
interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities
is remeasured if there is a modification, a change in the lease term, a change in the lease payments
or a change in the assessment of an option to purchase the underlying asset.

Lease liability and ROU assets have been separately presented in the Balance Sheet and lease
payments have been classified as financing cash flows.

c) Short-term leases and leases of low-value assets

The Company applies the short-term lease recognition exemption to its short-term leases (i.e., those
leases that have a lease term of 12 months or less from the commencement date and do not contain
a purchase option). It also applies the lease of low-value assets recognition exemption that are
considered to be low value. Lease payments on short-term leases and leases of low-value assets
are recognised as expense on a straight-line basis over the lease term.

The Company as a lessor

Leases for which the Company is a lessor is classified as a finance or operating lease. Whenever
the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee,
the contract is classified as a finance lease. All other leases are classified as operating leases. When
the Company is an intermediate lessor, it accounts for its interests in the head lease and the sublease

separately. The sublease is classified as a finance or operating lease by reference to the ROU asset
arising from the head lease. For operating leases, rental income is recognized on a straight-line basis
over the term of the relevant lease.

4. Material accounting judgements, estimates and assumptions

In preparation of the financial statements, management undertakes a number of judgments, estimates and
assumptions about recognition and measurement of items of assets, liabilities, income and expenses.

The actual results are likely to differ from the judgments, estimates and assumptions made by management,
and will seldom equal the estimated results.

Information about significant judgments, estimates and assumptions that have the most significant effect on
recognition and measurement of assets, liabilities, income and expenses are discussed below:

Significant judgements:

(i) Evaluation of indicators for impairment of non-financial assets

The evaluation of applicability of indicators of impairment of non-financial assets requires assessment of
several external and internal factors which could result in deterioration of recoverable amount of the assets.

(ii) Recognition of deferred tax assets

The extent to which deferred tax assets can be recognised is based on an assessment of the probability
of the future taxable income against which the deferred tax assets can be utilised. The recognition of deferred
tax assets and reversal thereof is also dependent upon management decision relating to timing of availment
of tax holiday benefits available under the Income Tax Act, 1961 which in turn is based on estimates of
future taxable profits.

Sources of estimation uncertainty:

(i) Provisions

At each balance sheet date, basis the management judgment, changes in facts and legal aspects,
the Company assesses the requirement of provisions against the outstanding warranties and
guarantees. However, the actual future outcome may be different from management’s estimates.

(ii) Fair valuation of financial instruments

Management applies valuation techniques to determine the fair value of financial instruments (where
active market quotes are not available). This involves developing estimates and assumptions consistent
with how market participants would price the instrument.

8.3 Fair value hierarchy and valuation technique

The Company has obtained valuations report from a registered valuer as defined under Rule 2 of Companies
(Registered valuer and valuation) Rules, 2017, for its investment properties at least annually. The best evidence of
fair value is current prices in an active market for similar properties. Where such information is not available, the
valuer considers information from a variety of sources including current prices in an active market for investment
properties of different nature or recent price of similar investment properties in less active market, adjusted to
reflect those differences.

All resulting fair value estimates for investment properties are included in level 3.

43 Lease related disclosures

(i) In case of assets given on lease (refer note no. 8)

(ii) In case of assets taken on lease

The Company has taken factory building, guest house and office building on leases. With the exception of short¬
term leases and leases of low-value underlying assets, each lease is reflected on the balance sheet as a right-
of-use asset and a lease liability as a borrowings. Variable lease payments which do not depend on an index
or a rate are excluded from the initial measurement of the lease liability and right of use assets.

Each lease generally imposes a restriction that, unless there is a contractual right for the Company to sublease
the asset to another party, the right-of-use asset can only be used by the Company. Some leases contain an
option to extend the lease for a further term. The Company is prohibited from selling or pledging the underlying
leased assets as security. For leases over office buildings and other premises the Company must keep those
properties in a good state of repair and return the properties in their original condition at the end of the lease.
The disclosures related to leases are as under:-

44 Fair value disclosures

(i) Fair values hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position are classified into
three levels of a fair value hierarchy. The three levels are defined based on the observability of significant inputs to
the measurement, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation
techniques which maximise the use of observable market data rely as little as possible on entity specific estimates.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included
in level 3.

ii) Risk Management

The Company’s activities expose it to market risk, liquidity risk and credit risk. The Company’s board of directors
has overall responsibility for the establishment and oversight of the Company’s risk management framework. This
note explains the sources of risk which the entity is exposed to and how the entity manages the risk and the related
impact in the financial statements.

A) Credit risk

Credit risk is the risk that a counterparty fails to discharge an obligation to the company. The company is
exposed to this risk for various financial instruments, for example by granting loans and receivables to
customers, placing deposits, etc. The company’s maximum exposure to credit risk is limited to the carrying
amount of following types of financial assets. - cash and cash equivalents, - trade receivables, - loans &
receivables carried at amortised cost, and- deposits with banks
a) Credit risk management

The Company assesses and manages credit risk based on internal credit rating system, continuously
monitoring defaults of customers and other counterparties, identified either individually or by the company,
and incorporates this information into its credit risk controls. Internal credit rating is performed for each
class of financial instruments with different characteristics. The Company assigns the following credit
ratings to each class of financial assets based on the assumptions, inputs and factors specific to the
class of financial assets.

Other financial assets measured at amortized cost includes advances to employees and security deposits. Credit risk
related to these other financial assets is managed by monitoring the recoverability of such amounts continuously, while
at the same time internal control system in place ensure the amounts are within defined limits.

Cash & cash equivalents and bank deposits

Credit risk related to cash and cash equivalents and bank deposits is managed by only accepting highly rated banks and
diversifying bank deposits and accounts in different banks.

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability
of funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the nature
of the business, the Company maintains flexibility in funding by maintaining availability under committed facilities.
Management monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on the
basis of expected cash flows. The Company takes into account the liquidity of the market in which the entity
operates. In addition, the Company’s liquidity management policy involves projecting cash flows in major currencies
and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios against
internal and external regulatory requirements and maintaining debt financing plans.

46 Capital management

The Company’s capital management objectives are

- to ensure the company’s ability to continue as a going concern

- to provide an adequate return to shareholders

Management assesses the company’s capital requirements in order to maintain an efficient overall financing structure.
This takes into account the subordination levels of the company’s various classes of debt. The company manages the
capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics
of the underlying assets.

48 Segment information

The Company’s primary business segment is reflected based on principal business activities carried on by the
Company i.e. precision engineering components / assemblies, which as per Ind AS 108 on “Operating Segments”
is considered to be the only operating segment. The Company is primarily operating in India which is considered as
a single geographical segment. Majority of revenue from external customers of Rs. 2,478.66 lakhs (31st March
2025 : Rs. 1,949.37 lakhs) is derived from two external customers.

49 Details of Corporate Social Responsibility (CSR) expenditure is as follows:

As per Section 135 of the Companies Act, 2013, the Company needs to spend at least 2% of its average net profit
for the immediately preceding three years on Corporate Social Responsibility (CSR) activities. The area of activities
are defined in the Schedule VII of the Companies Act, 2013. In compliance with the requirement of the Companies
Act, 2013 the Company had adopted the CSR policy and a CSR committee has been formed.

Impact of Labour Codes

On November 21,2025 the Government of India notified provisions of 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 (‘Labour Codes’) which consolidate twenty-nine existing labour laws in to a unified framework governing
employee benefits during employment and post-employment. The Labour Codes amongst other things introduces
changes including a uniform definition of wages and enhanced employee benefits. The Company has assessed the
financial implications of these changes which has resulted in increase in gratuity liability arising out of past service
cost by Rs. 56.72 lacs which has been included in gratuity expenses for the year ended 31st March 2026. The
Company continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the
measurement of the employee benefits liability.

A Gratuity

The following tables summarize the components of net benefit expense towards gartuity recognised in the Statement
of Profit and Loss and amounts recognised in the balance sheet for the respective plans.

C Provident fund and Employee State Insurance scheme

The Company makes contributions to Provident Fund and Employee State Insurance Scheme which are defined
contribution plans for qualifying employees. Under the Schemes, the Company is required to contribute a specified
percentage of the payroll costs to fund the benefits. The Company has made following contributions during the year
which has been recognised in the Statement of Profit and Loss:-

Notes :

(a) Debt portion includes Current and Non - Current Lease Liabilities.

(b) PAT - Profit after tax attributable to equity shareholders but does not include items of other comprehensive income.

(c) Debt Service refer to Finance cost Lease liabilities payment

(d) Capital Employed includes total shareholder’s equity fund and debts (which includes lease liability, borrowings &
Deferred Tax Liability)

(e) PBIT- Earning before interest & taxes

(f) Return on Investment - Earning made from Investments includes Interest on Bonds, Dividend Income, Profit on
Sale of Shares/Securities & Fair Valuations over weighted average current & Non-Current Investments.

(g) Average Shareholder’s equity terms to be (opening equity Closing equity )/2

(h) Average inventory terms to be (opening inventory Closing inventory )/2

(i) Working Capital terms to be Current Assets less Current Liabilities

Reasons for variance (if more than 25%):

1. Current Ratio increased on account of increase in current investments.

2. Debt Equity Ratio improved on account of decrease in debt and increase in shareholder fund.

3. Debt Service Coverage Ratio increased due to increase in earning available for debt services.

4. Inventory Turnover Ratio increased due to increase in cost of goods sold on increased turnover.

5. Trade Payables Turnover Ratio increased due to decrease in average trade payables.

55 Additional regulatory information not disclosed elsewhere in the financial information

(i) The Company has no transactions with companies struck off under section 248 of the Companies Act, 2013 or
Section 560 of Companies Act, 1956 during the financial year ending 31st March 2026 and 31st March 2025.

(ii) The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year ending
31st March 2026 and 31st March 2025.

(iii) The Company does not have any Benami property as on 31st March 2026 and 31st March 2025, where any
proceeding has been initiated or pending against the Company for holding any Benami property.

(iv) The Company does not have any prior period errors in financial year ending on 31st March 2026 and 31st March
2025 to be disclosed separately in Statement of changes in equity.

(v) The Company has no cases of any charges or satisfaction which is yet to be registered with ROC beyond the
statutory period in the financial year ending 31st March 2026 and 31st March 2025.

(vi) During the financial year 2025-26 and 2024-25, 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

(vii) During the financial year 2025-26 and 2024-25, 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,

(viii) The Company has not been declared as wilful defaulter by any bank or financial institution or government or any
government authority during the financial year 2025-26 and 2024-25.

(ix) The Company is not required to submit statement of current assets with the bank and therefore reconciliation of the
statement filed by the company with bank and the books of accounts is not applicable.

(x) The Company has no such transactions during financial year 2025-26 and 2024-25, where the company has not
used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the
balance sheet date.

(xi) The Company has not entered into any scheme(s) of arrangements given under section 230 to 237 of the
Companies Act 2013 during the year ending 31st March 2026 and 31st March 2025.

(xii) The Company has not entered in any transaction 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).

(xiii) Company has not received any grants and donations during the year ending 31st March 2026 and 31st March
2025.

(xiv) The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible
assets or capital work in progress during the year ending 31st March 2026 and 31st March 2025.

(xv) The title deeds of all the immovable properties disclosed in the financial statements are held in the name of the
company and title deeds in respect of sub lease of commercial property at Noida having gross carrying value of Rs.
4694.79 Lakhs is pending for registration as on 31st March 2026 and 31st March 2025 (refer note no. 8.5).

(xvi) The Company has complied with the provisions related to number of layers prescribed under section 2(87) of the
Companies Act, 2013.

56 Figures of the previous year have been regrouped / reclassified wherever necessary, in order to make them
comparable with the current year figures.

57 Authorisation of Standalone financial statements

These standalone financial statements for the year ended 31st March, 2026 were approved by the Board of
Directors on 29th May, 2026.