ii) Provisions and contingencies

The assessments undertaken in recognizing provisions and contingencies have been made in accordance with
the applicable Ind AS.

A provision is recognized if, as a result of a past event, the Company has a present legal or constructive
obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required
to settle the obligation. Where the effect of time value of money is material, provisions are determined by
discounting the expected future cash flows.

In the normal course of business, contingent liabilities may arise from litigation and other claims against the
Company. Guarantees are also provided in the normal course of business. There are certain obligations which
management has concluded, based on all available facts and circumstances, are not probable of payment or are
very difficult to quantify reliably, and such obligations are treated as contingent liabilities and disclosed in the
notes but are not reflected as liabilities in the financial statements. Although there can be no assurance regarding
the final outcome of the legal proceedings in which the Company involved, it is not expected that such contingencies
will have a material effect on its financial position or profitability.

40. Capital Management

The Company's objectives when managing capital is to safeguard continuity, maintain a strong credit rating and
healthy capital ratios in order to support its business and provide adequate return to shareholders through
continuing growth and maximize the shareholders' value. The Company's overall strategy remains unchanged
from previous year. The Company sets the amount of capital required on the basis of annual business and long¬
term operating plans which include capital and other strategic investments. The funding requirements are met
through a mixture of equity, internal fund generation and borrowed funds. The Company's policy is to use short
term and long-term borrowings to meet anticipated funding requirements. The Company monitors capital on the
basis of the net debt to equity ratio. The Company is not subject to any externally imposed capital requirements.
Net debt is long-term and short-term debts as reduced by cash and cash equivalents (including restricted cash
and cash equivalents) and short-term investments. Equity comprises share capital and free reserves. The
following table summarizes the capital of the Company:

41. The Company had measured Long-Term investments at cost and Current Investments at lower of cost and fair
value in the previous GAAP. Under Ind AS, the company has recognized the Non-Current Investments in equity
shares (other than subsidiary, associates and joint ventures) at Cost as appearing in the Standalone Balance
Sheet as at March 31, 2024, therefore, financial impact on account of the difference between the fair value and
the cost of Non-Current investment in the "Non-Current Investment", "Other Equity" and "Other Comprehensive
Income" and "Deferred Tax" was not ascertainable.

During the current year, the company has recognized the Non-Current Investments in equity shares (other than
subsidiary, associates and joint ventures) at Fair market value as appearing in the Standalone Balance Sheet as
at March 31, 2025, and accordingly the financial impact has been recognized in "Other Equity" and "Other
Comprehensive Income".

42. Previous Year's Comparatives

Previous Year's figures have been regrouped/re-classified, wherever necessary, to conform to Current Year's
Classification.

43. These financial statements were approved for issue by the Board of Directors on May 30, 2025.

44. General

a. All amounts disclosed in the financial statements and notes have been rounded off to the nearest One
Lakh two decimals as per the requirements of Schedule III, unless otherwise stated.

b. Figures for the previous year have been regrouped and / or rearranged and / or reclassified wherever
necessary to make them comparable with those of current periods.

c. Notes to Accounts form an integral part of the Ind AS Financial Statements and have been duly
authenticated.

^For ^{V V G}. & ^CO Sd/- Sd/-

^{Chartered Accountants} (Sunil Singh) (Ajay Kumar Jain)

^{Firm Registration N}°.^{: 005120N} Independent Director Whole-time Director

DIN-07558446 DIN:00043349

Virendra Kumar Goel
Proprietor

Membership Number: 083705 Sd/_- Sd/_-

Place: New Delhi (Bharat Hari Dalmia) (Sneha Pandey)

UDIN Number: 25083705BMTEUG3281 Chief Financial Officer Company Secretary

Date: May 30, 2025 PAN: AGJPD0321L PAN: DUDPP2514J