Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event,
it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a
reliable estimate can be made of the amount of the obligation.

The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation
at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a
provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present
value of those cash flows.

Contingent assets are disclosed in the Financial Statements by way of notes to accounts when an inflow of economic
benefits is probable.

Contingent liabilities are disclosed in the Financial Statements by way of notes to accounts, unless possibility of an
outflow of resources embodying economic benefit is remote.

Cash Flow Statement

Cash flows are reported using the indirect method. The cash flows from operating, investing and financing activities of
the Company are segregated.

Input Tax Credit (ITC)

The ITC available on purchase of raw materials, other eligible inputs and capital goods is adjusted against GST duty
payable on sale of goods and supply of services. The unadjusted ITC is shown under the head "short term loans and
advances".

Earnings per share

Basic earnings per share are computed by dividing the net profit after tax by the weighted average number of equity
shares outstanding during the period. Diluted earnings per share is computed by dividing the profit after tax by the
weighted average number of equity shares considered for deriving basic earnings per share and also the weighted
average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares.

Income taxes

The income tax expense or credit for the period is the tax payable on the current period's taxable income based on the
applicable income tax rate adjusted by changes in deferred tax assets and liabilities attributable to temporary
differences and to unused tax losses, if any.

The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the end of
the reporting period. Management periodically evaluates positions taken in tax returns with respect to situations in
which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of

amounts expected to be paid to the tax authorities.

Deferred income tax is provided in full, using the liability method, on temporary differences arising between the tax
bases of assets and liabilities and their carrying amounts in the Standalone Financial Statement. However, deferred tax
liabilities are not recognized if they arise from the initial recognition of goodwill. Deferred income tax is also not
accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business
combination that at the time of the transaction affects neither accounting profit nor taxable profit (tax loss). Deferred
income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of the
reporting period and are expected to apply when the related deferred income tax asset is realized or the deferred
income tax liability is settled.

The carrying amount of deferred tax assets are reviewed at the end of each reporting period and are recognized only if
it is probable that future taxable amounts will be available to utilize those temporary differences and losses.

Deferred tax liabilities are not recognized for temporary differences between the carrying amount and tax bases of
investments in subsidiaries, branches and associates and interest in joint arrangements where the Company is able to
control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in
the foreseeable future.

Deferred tax assets are not recognized for temporary differences between the carrying amount and tax bases of
investments in subsidiaries, associates and interest in joint arrangements where it is not probable that the differences
will reverse in the foreseeable future and taxable profit will not be available against which the temporary difference
can be utilized.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and
liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities
are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realize
the asset and settle the liability simultaneously.

Dividend distribution tax paid on the dividends is recognized consistently with the presentation of the transaction that
creates the income tax consequence.

Segment Accounting:

i) Segment Revenue & Expenses:

Joint revenue & expenses of the segments are allocated among them on reasonable basis. All other segment
revenue and expenses are directly attributed to the segments.

ii) Segment Assets & liabilities:

Segment assets include plant & machinery, Inventory, security deposit, earnest money and material in transit
and segment liabilities include sundry creditors.

iii) Inter Segment sales:

Inter segment sales between operating segments are accounted for at market price. These transactions are
eliminated in consolidation.

Note 36. Critical Accounting Estimates and Judgments

The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom
equal the actual results. This note provides an overview of the areas that involved a higher degree of judgment or
complexity, and of items which are more likely to be materially adjusted due to estimates and assumptions turning out
to be different than those originally assessed.

b) Defined Benefit Plan

The employees' gratuity fund scheme is managed by Life Insurance Corporation of India which is a defined
benefit plan. The present value of obligation is determined based on actuarial valuation using the Projected
Unit Credit Method, which recognises each period of service as giving rise to additional unit of employee
benefit entitlement and measures each unit separately to build up the final obligation. The obligation for
leave encashment is recognised in the same manner as gratuity..

Note-47. Additional Regulatory Information:

(i) The title deeds of all the immovable properties are held in the name of the Company.

(ii) The company do not own or hold any Benami Property under the Benami Transactions (Prohibition)
Act,1988(45of 1988) and the rules made thereunder.

(iii) The company is not declared a Willful Defaulter by any bank or financial institutions.

(iv) The company do not have any transactions with companies stuck off under section 248 of the companies
Act,2013 or section 560 of companies Act,1956.

(v) All Registration of charges or satisfaction are registered with Registrar of Companies (ROC).

(vi) The company is not having downstream companies or layers of companies prescribed under clause (87) of
section 2 of the Act read with companies (Restriction on number of layers) Rules,2017.

(vii) No Scheme(s) of Arrangements has been approved by the competent authority in terms of section 230 to
237 of the companies Act,2013 .

(viii) The Company has not advanced or loaned or invested funds to any other person or entities with an
understanding that the intermediary will invest or provide any guarantee, security or the like to or on
behalf of ultimate beneficiaries.

(ix) The company has not made any advances or in the nature of loans to promoters, directors, KMPs, and the
related parties.

(x) The statements of current assets filed by the company with banks are in agreement with the books of
accounts.

Note-48. All figures have been rounded off to the nearest rupee.

Note-49. Current year figures are shown in bold fonts.

Note-50. Previous year's figures have been regrouped / rearranged & reclassified where ever necessary to conform
to Ind AS requirements to make them comparable with the current year.

NOTE-51. FINANCIAL RISK MANAGEMENT, OBJECTIVES AND POLICIES

The Company's principal financial liabilities, other than derivatives, comprise loans and borrowings, trade and
other payables, and financial guarantee contracts. The main purpose of these financial liabilities is to finance the
Company's operations and to provide guarantees to support its operations. The Company's principal financial
assets include loans, trade and other receivables, and cash and cash equivalents that derive directly from its
operations.

The Company's business activities expose it to a variety of financial risks, namely liquidity risk, market risks and
credit risk. The Company's senior management has the overall responsibility for the establishment and oversight
of the Company's risk management framework. The Company has constituted a Risk Management Committee,
which is responsible for developing and monitoring the Company's risk management policies. The Company's
risk management policies are established to identify and analyse the risks faced by the Company, to set
appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and
systems are reviewed regularly to reflect changes in market conditions and the Company's activities.

51A Financial instruments
(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.

51B Financial 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
Credit risk management

Credit risk rating

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.

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.

Trade receivables

Company's trade receivables are considered of high quality and accordingly no life time expected credit losses
are recognised on such receivables.

Other financial assets measured at amortised cost

Other financial assets measured at amortized cost includes advances to employees. 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.

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.

Maturities of financial liabilities

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months
equal their carrying balances as the impact of discounting is not significant.

C) Market risk

a) Interest rate risk

The Company is not exposed to changes in market interest rates as all of the borrowings are at fixed rate of
interest. Also the Company's fixed deposits are carried at amortised cost and are fixed rate deposits. They
are therefore not subject to interest rate risk as defined in Ind AS 107, since neither the carrying amount nor
the future cash flows will fluctuate because of a change in market interest rates.

b) Price risk
Exposure

' The Company' is not exposurd to price risk arises from marker rates of finamcial assets.

D) 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.

Note-54. Figures of the previous periods have been regrouped wherever considered necessary to confirm with the
current period figures.

As per our Report of even date attached For and on behalf of the board

For Nemani Garg Agarwal & Co. Ashok Kumar Kanodia Nikhil Kanodia

Firm Regn. No. 010192N Executive Chairman Managing Director

Chartered Accountants DIN: 00002563 DIN: 03058495

J.M. Khandelwal Veenita Khurana Manmohan Singh

Partner Company Secretary Chief Financial Officer

M.No.: 074267

Place: New Delhi

Dated: 30th May, 2025

UDIN:25074267BMOXY08307