2.9 Earnings per Share

Basic earnings per share is calculated by dividing
the net profit for the year attributable to equity
shareholders (after deducting the redeemable
preference share dividend) by the weighted
average number of equity shares outstanding
during the year.

Diluted earnings per share is calculated by
dividing the net profits attributable to equity
shareholders (after deducting dividend on
redeemable preference shares) by the weighted
average number of equity shares outstanding
during the year (adjusted for the effects of
dilutive options).

2.10 Impairment of Non-Financial Assets

The company assesses at each reporting date
weather there is an indication that an asset may
be impaired.If an indication exists the Company
estimates the assets recoverable amount and
writes down the assets value to its recoverable
amount.

2.11 Government grants, subsidies and incentives

Government grants, subsidies and incentives are
recognised where there is reasonable assurance
that it will be received and all attached
conditions will be complied with.

* Rupee Term Loans are secured by first equitable mortgage of immovable assets both present and future and
hypothecation of moveable assets (save and except book debts) charged to rank pari-passu inter se and subject to
prior charges created for working capital loans and assets exclusively charged.

** Assets purchased under Hire Purchase Finance Schemes are hypothecated to the financers.

# Rupee Term Loan from non banking finance companies are further secured by second pari passu charge on the
entire current assets of the company and corporate guarantees from the promoter group companies.

*** Preference shares are non convertible, cumulative and redeemable at end of 20 years from the date of allotment
i.e. 29.01.2014 and 22.08.2014 or earlier at the option of the company. Dividend @ 10% is payable on these shares.

36. ADDITIONAL REGULATORY INFORMATION

i) Title Deeds of all Immovable properties are held in the name of the company

ii) The company does not have any investment property.

iii) During the year the company has not revalued its property,plant and Equipment (including right -of-Use Assets)

iv) During the year the company has not revalued its intangible assets

v) During the year the company has not granted any Loan or advance in the nature of loans to promoters, directors,

KMPs and the related parties (as defined under Companies Act, 2013), either severally or jointly with any other
person that are:

a. repayable on demand : or

b. without specifying any terms or period of repayment,

vi) The company does not have Intangible assets under development

vii) No proceeding has been initiated or pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

viii) The company has borrowings from banks or financial institiution on the basis of security of current assets and
quarterly returns or statement of current assets filed by the company with banks or financial institutions are in
agreement with books of accounts.

ix) The company is not declared wilful defaulter by any bank or financial Institution or other lender.

x) The company has not entered into any transaction with companies struck off under section 248 of the Companies
Act, 2013 or section 560 of Companies Act, 1956.

xi) No charges or satisfaction yet to be registered with ROC beyond the statutory period.

xii) The compnay has complied with the number of layers prescribed under clause (87) of section 2 of the act read
with companies (Restriction on number of layers) rule 2017.

xii) During the year any Scheme of Arrangements has not been approved by the Competent Authority in terms of
sections 230 to 237 of the Companies Act, 2013.

xiii) Utilisation of Borrowed funds and share premium:-

A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or
any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the understanding (whether recorded in writing or otherwise) that the Intermediary shall

(i) 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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries;

B) 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

(i) 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

xv) The company has not traded or invested in Crypto Currency or Virtual currency during the year.

37 Interest on promoter's unsecured loan for the period 01.07.2024 to 31.03.2025 amounting to Rs 144 lakhs has been
conditionally waived by the promoters with the right to recompense if the financial position of the company allows such
payment subsequently.

38 Consequent to the amendmend of sec 112 of the income tax act, deferred tax liability in respect of re-statement of land
at fair value in FY 2016-17 has been updated resulting in an increase of Rs. 96 lacs in the deferred tax expenses in the
year ended Mar'25 and corresponding reduction of profit after tax for the year ended Mar'25.

39 Related Party Disclosure:

In accordance with the required Indian Accounting Standard (Ind As -24) on related part disclosure where control exist
and where transactions have taken place and description of the relationship as identified and certified by management
are as follows:

List of related parties and relationships:

A. Key management personnel

a) Mr. Ambrish Jaipuria, Executive Director

b) Mr. Janardhan Pralhadrao Gupta, Independent Director (ceased w.e.f. 23.05.2023)

c) Mr. Rajesh Kumar Gupta, Independent Director

d) Mrs. Himalyani Gupta, Independent Director

e) Mr. Pankaj Poddar, Non Independent Director

f) Mr. Neeraj Kumar Sharma, Independent Director (ceased w.e.f. 07.01.2025)

g) Mr. Anshuman Sood, Independent Director (w.e.f. 14.08.2023)

h) Mr. Ram Agarwal, Independent Director (w.e.f. 06.03.2025)

i) Mr. Sanjiv Jindal, Chief Financial Officer (upto 31.05.2023)

j) Mr. Rishab jain, Chief Financial Officer (w.e.f. 01.06.2023 and upto 01.11.2023)

k) Mr. Sanjay Gupta, Chief Financial Officer (w.e.f. 23.11.2023)

l) Mr. Rahul Das, Company Secretary (w.e.f. 09.02.2023 and upto 27.10.2023)

m) Ms. Ekta Verma, Company Secretary (w.e.f. 19.01.2024 and upto 17.05.2024)

n) Ms. Niharika Gupta, Company Secretary (w.e.f. 18.05.2024)

40 It is the management's opinion that since the company is exclusively engaged in the activity of manufacture of components of
electrical & electronic products which are governed by the same set of risks and returns the same are considered to constitute a
single reportable segment in the context of Accounting Standard on "Segment Reporting" issued by the Institute of Chartered
Accountants of India.

41 Fig ures for the previous period have been regrouped / rearranged wherever considered necessary.

As per our report of even date annexed

For Suresh Kumar Mittal & CO., Ambrish Jaipuria Rajesh Kumar Gupta

Chartered Accountants Director Director

Reg. No. 500063N DIN: 00214687 DIN: 08615199

Ankur Bagla Sanjay Gupta

Partner Chief Financial Officer

Membership No. 521915 Membership No. 095586

Place: New Delhi
Date : May 23, 2025