2.20 Provisions and Contingent Liabilities

Provisions are recognized when, as a result of a past event, the
Company has a legal or constructive obligation; it is probable that
an outflow of resources will be required to settle the obligation; and
the amount can be reliably estimated. The amount so recognized is
a best estimate of the consideration required to settle the obligation
at the reporting date, taking into account the risks and uncertainties
surrounding the obligation.

In an event when the time value of money is material, the provision
is carried at the present value of the cash flows estimated to settle
the obligation.

A disclosure of a contingent liability is made when there is a possible
obligation or a present obligation that may, but probably will not,
require an outflow of resources. When there is a possible obligation
or a present obligation and the likelihood of outflow of resources,
is remote, no provision or disclosure of contingent liability is made.

2.21 Operating Segments

Operating segments are reported in a manner consistent with the
internal reporting provided to the Chief Operating Decision Maker
(CODM). The CODM is responsible for allocating resources and
assessing performance of the operating segments. Based on such
the Company operates in one operating segment, viz. Materials
Handling Solutions (MHS).

2.22 Earnings per Share

Basic earnings per share is calculated by dividing the profit and loss
for the year attributable to shareholders by the weighted average
number of shares outstanding during the year. For the purpose of
calculating diluted earnings per share, the profit and loss for the
year attributable to Shareholders and weighted average number of
shares outstanding during the year is adjusted for the effects of all
dilutive potential shares.

2.23 Cash and cash Equivalents

Cash and cash equivalents in the Balance Sheet comprise cash at
banks and on hand and short term deposits with an original maturity
of three months or less, which are subject to an insignificant risk of
change in value.

For the purpose of the statement of cash flows, cash and cash
equivalents include cash on hand, term deposits and other short¬
term highly liquid investments, net of bank overdrafts as they are
considered an integral part of the Company's cash management.
Bank overdrafts are shown within short term borrowings in the
Balance Sheet.

2.24 The Company has adopted a norm to round-off
any amount below ' 0.5 lakh.3. USE OF ESTIMATES AND JUDGEMENTS

The preparation of Financial Statements in conformity with
Generally Accepted Accounting Principles requires management to
make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent liabilities at
the date of the Financial Statements and the results of operations
during the reporting period end. Although these estimates are based
upon management's best knowledge of current events and actions,
actual results could differ from these estimates. The estimates and
underlying assumptions are reviewed on an ongoing basis. Revisions
to accounting estimates are recognized in the period in which the
estimate is revised if the revision affects only that period, or in the
period of the revision and future periods if the revision affects both
current and future periods.

Judgements in Applying Accounting Policies

The preparation of the Company's Standalone Financial Statements
requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues,
expenses, assets and liabilities, and the accompanying disclosures,
and the disclosure of contingent liabilities. Uncertainty about these
assumptions and estimates could result in outcomes that require a
material adjustment to the carrying amount of assets or liabilities
affected in future periods.

Key Sources of Estimation of Uncertainty

The following are the key assumptions concerning the future,
and other key sources of estimation of uncertainty at the end of
the reporting period that may have a significant risk of causing a
material adjustment to the carrying amounts of assets and liabilities
within the next financial year.

3.1 Useful Lives of Property, Plant and Equipments
and Intangible Assets

As described in the material accounting policies, the Company
reviews the estimated useful lives of property, plant and equipment
and intangible assets at the end of each reporting period.

3.2 Fair Value Measurements and Valuation Processes

Some of the Company's assets and liabilities are measured at Fair
Value for financial reporting purposes. Fair value measurements
are categorised into Level 1, 2 or 3 based on the degree to which
the inputs to the Fair Value measurements are observable and
the significance of the inputs to the Fair Value measurement in its
entirety, which are described as follows:

• Level 1 inputs are quoted prices (unadjusted) in active markets
for identical assets or liabilities that the entity can access at
the measurement date;

• Level 2 inputs are inputs, other than quoted prices included
within Level 1, that are observable for the asset or liability,
either directly or indirectly; and

• Level 3 inputs are unobservable inputs for the asset or liability.
The Company engages third party valuers, where required, to
perform the valuation.

Information about the valuation techniques and inputs used in
determining the Fair Value of various assets and liabilities are
disclosed in the notes to the Financial Statements.

3.3 Actuarial Valuation

The determination of Company's liability towards defined benefit
obligation to employees is made through independent actuarial
valuation including determination of amounts to be recognized
in the Statement of Profit and Loss and in other comprehensive
income. Such valuation depend upon assumptions determined after
taking into account inflation, seniority, promotion and other relevant
factors such as supply and demand factors in the employment
market. Information about such valuation is provided in notes to
the Financial Statements.

3.4 Claims, Provisions and Contingent Liabilities

The Company has ongoing litigations with various regulatory
authorities. Where an outflow of funds is believed to be probable
and a reliable estimate of the outcome of the dispute can be made
based on management's assessment of specific circumstances of
each dispute and relevant external advice, management provides
for its best estimate of the liability. Such accruals are by nature
complex and can take number of years to resolve and can involve
estimation uncertainty.

3.5 Inventory Obsolescence

The Company reviews the condition of its inventories and makes
provision against obsolete and slow-moving inventory items
which are identified as no longer suitable for sale or use. The
Company estimates the net realizable value for such inventories
based primarily on the latest invoice prices and current market
conditions. The Company carries out an inventory review at each
balance sheet date and makes provision against obsolete and
slow-moving items. The Company reassesses the estimation on
each Balance Sheet date.

3.6 Impairment of Financial Assets

The Company assesses impairment based on Expected Credit
Losses (ECL) model on trade receivables. The Company uses a
provision matrix to determine impairment loss allowance on the
portfolio of trade receivables. The provision matrix is based on its
historically observed default rates over the expected life of the trade
receivable and is adjusted for forward looking estimates. At every
reporting date, the historically observed default rates are updated
and changes in the forward-looking estimates are analysed.

3.7 Impairment of Investment in Subsidiary

Determining whether the investments in subsidiaries are impaired
requires an estimate in the value in use. In considering the value in
use, the Management anticipates the future cash flows, discount
rates and other factors of the underlying businesses/companies.

In case, where the operations have stopped, the value in use is
derived from the net asset value. Investment over and above the
net book value is recognized as impairment.

3.8 Lease Liability

The period of lease in case of expired lease contract pending
renewal, the tenure and rent has been determined based on tender
document and possession letter.

3.9 Recent accounting pronouncements

The 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. In May
2025 and August 2025, MCA has notified amendments to various
Ind AS which are, applicable w.e.f. April 1, 2025, are given below. The
Company has reviewed the amendment and based on its evaluation
has determined that it does not have any significant impact in its
financial statements.

1. New and amended standards adopted by the Company

a) Ind AS 1, Presentation of Financial Statements, applicable
w.e.f. April 1, 2025 - The amendment relates to classification
of liabilities as current or non-current and non-current
liabilities with covenants. In the context of classifying a liability
as current, it removes the requirement of existence of a right
to defer settlement for at least 12 months after the reporting
date and instead requires that the said right should exist on
the reporting date and have substance. The amendment
also introduces guidance on classification of liabilities with
covenants. The Company has no impact of these amendments
in its classification criteria of current and non-current liabilities.

b) Ind AS 7, Statement of Cash Flows and Ind AS 107, Financial
Instruments: Disclosures, applicable w.e.f. April 1, 2025 - The
amendment in Ind AS 7 requires to inform users of financial
statements of the existence of supplier finance arrangements
and explain the nature of the arrangements, the carrying
amount of liabilities and the range of payment due dates.
Ind AS 107 has been amended to add supplier finance
arrangements as a factor that may cause concentration of
liquidity risk. The Company has reviewed the amendment and
based on its evaluation has determined that it does not have
any significant impact on these financial statements.

c) Ind AS 12, International Tax Reform - Pillar Two Model
Rules applicable immediately - The amendments provide a
temporary mandatory relief from deferred tax accounting for
top-up tax and disclose that they have applied the relief. This
relief is immediate and applies retrospectively.

d) Amendments to Ind AS 21 (The Effects of Changes in Foreign
Exchange Rates) providing guidance on determination of spot
exchange rate when a currency is not exchangeable. Under the
revised Ind AS 21, entities are required to assess exchangeability
at the measurement date and, where exchangeability does
not exist, estimate the spot exchange rate that would apply if
the currency were exchangeable, using observable inputs and
disclosure of the estimation methodology. These do not have
a material impact on these financial statements.

2. New and amended standards issued but not effective

Ministry of Corporate Affairs ("MCA") notifies new standard or
amendments to the existing standards under Companies (Indian
Accounting Standards) Rules as issued from time to time. During the
year ended March 31, 2026, A new Standard on Accounting, Ind AS
118 (equivalent to IFRS 18)- Presentation and Disclosure in Financial
Statements has been introduced which will be applicable from April
1, 2027 and will replace Ind AS 1 once notified by the Ministry of
Corporate Affairs (MCA). Ind AS 118 sets out general and specific
requirements for the presentation of financial statements and for
disclosures in the notes. Additional clarifications issued in August
2025 relating to liability classification have been considered by the
Company. These do not have a material impact on the financial
statements.

10.1 The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or
disclosed as income during the year ended 31^st March 2026 and 31^st March 2025 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).

10.2 As at the reporting date, the Company has deferred tax assets (net) amounting to ' 10,670 lakhs (including ' 1,075 lakhs recognized
for the year) primarily towards unused business losses. In order to determine the recoverability of such deferred tax assets, the management
has projected its book profits & tax profits and based on such projections, the Company is confident that sufficient taxable profits would be
available in future against which such Deferred tax assets can be adjusted.

11.4 The GST Department has issued a show cause notice for cancellation of registration at Delhi on the ground that the Company is not
conducting business from the declared principal place of business. In the meantime, the registration of the Company has been reflected as
suspended on the portal.

However, the Company has filed a reply against the show cause notice to the department and based on legal opinion, the Company is hopeful
that the GST registration will be revived. In view of the same, GST input receivable amounting to ' 107 Lakhs (previous year ' 107 Lakhs) for
the said registration is carried forward in the books of account.

28.1 Employee Benefits

The Company has recognized, in the Standalone Statement of Profit
and Loss for the year ended 31.03.2026 an amount of ' 221 Lakhs
(Previous year ' 205 Lakhs) as expenses under defined contribution
plans.

Defined Benefit Plans
(A) i) Gratuity Fund (Funded)

The Company makes periodic contributions to the Tractors India
Limited Staff Gratuity Fund, a funded defined benefit-plan for
qualifying employees administrated under a common Trust by
the trustees of the said fund for the benefit of the employees of
the Company.

Under the Gratuity plan, every employee is entitled to gratuity, being
higher of the amount, calculated under the Company's plan (based
on average salary of last 36 months and number of years of service,
restricted to a maximum of ' 20 Lakhs celling limit in accordance
with the provisions under the Code on Social Security, 2020. Further
there has been a change in normal retirement age from 58 years
for employees (76 years for Director)to 60 years for all employees
including Directors. Gratuity is payable on death/retirement/
termination and the benefit vests after 5 year of continuous service.

ii) Gratuity Fund (Unfunded)

The Company has accounted for Gratuity Liability for contractual
worker in accordance with the provisions under the Code on Social
Security, 2020 which is unfunded.

The most recent actuarial valuation of plan assets and the present
value of the defined benefit obligation was carried out as at
31^st March 2026.

(i) Certain eligible employees of the Company who had attained
at least 45 years of age as on 01.04.2009 are entitled to
Superannuation benefit under the Superannuation scheme
(a funded Defined Benefit Plan under a common Trust-
'Tractors India Limited Superannuation Fund Scheme',
being administered by the trustees of the said fund for the
benefit of employees of the Company). Under the aforesaid
benefit scheme the Company makes periodic contribution
to the Superannuation Fund Scheme and a predetermined
percentage of salary is paid as pension on retirement. The
quantum of pension depends on the average basic salary
of eligible employee during the last 36 months before
retirement. The benefit vests to employees with 5 years of
continuous service in Company in case of Retirement or death;
20 years of service and attainment of 48 years of age in case
of withdrawals. The normal retirement age has been changed
from 58 years to 60 years and the impact has been reflected
through past Service Cost. (Refer note 28.2)

The most recent actuarial valuation of plan assets and present
value of the Defined Benefit Obligation of Superannuation
Fund was carried out as on 31^st March 2026.

(ii) Employees who did not attain 45 years of age as on 01.04.2009
are under the purview of 'Defined Contribution Scheme' in
respect of service rendered from 01.04.2009. The benefit of
services rendered by these employees up to 31.03.2009 come
under the purview of 'Defined Benefit Scheme' as indicated
which is frozen as on 31.03.2009. Hence for this category of
employees, the benefit of cessation of service will be:

a) amount accumulated by annual contribution of 15% of
Basic Salary; and

b) amount frozen as on 31.03.2009.

The Company has two separate Trusts for the administration of the Provident Fund. The Company has an obligation to fund any shortfall on
the yield of the trust's investments over the administered interest rates on annual basis. These administered rates are determined annually
predominantly considering the social rather than economic factors.

Risk Management

The Defined Benefit Plans expose the Company to risk of actuarial deficit arising out of investment risk, interest rate risk and salary cost

inflation risk.

(a) Investment risk: The present value of the defined benefit plan liability is calculated using a discount rate determined by reference to
government/high quality bond yields; if the return on plan asset is below this rate, it will create a plan deficit.

(b) Interest risk: A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by an increase in
the return on the plan's debt investments.

(c) Salary risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants.
As such, an increase in the salary of the plan participants will increase the plan's liability.

(d) Longevity risk: The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of
plan participants both during and after their employment. An increase in the life expectancy of the plan participants will increase the
plan's liability.

The most recent actuarial valuation of plan assets and the present value of the defined benefit obligation was carried out as at

31^st March 2026.

28.3 The basis used to determine overall expected rate of return on assets and the effect on major categories of Plan Assets is as follows:

The major portions of the assets are invested in PSU Bonds and Special Deposit Scheme. Based on the asset allocation and prevailing yield
rates on these asset classes, the long term estimate of the expected rate of return on the fund assets have been arrived at. Assumed rate of
return on assets is expected to vary from year to year reflecting the returns on matching Government Bonds.

28.4 The estimate of future salary increases takes into account inflation, seniority, promotion and other relevant reasons.

28.5 Sensitivity Analysis

The Sensitivity Analysis below has been determined based on reasonably possible change of the respective assumptions occurring at the end
of the reporting period, while holding all other assumptions constant. These sensitivities show the hypothetical impact of a change in each of
the listed assumptions in isolation. While each of these sensitivities holds all other assumptions constant, in practice such assumptions rarely
change in isolation and the asset value changes may offset the impact to some extent. For presenting the sensitivities, the present value of
the Defined Benefit Obligation has been calculated using the Projected Unit Credit Method at the end of the reporting period, which is the
same as that applied in calculating the Defined Benefit Obligation presented above. There was no change in the methods and assumptions
used in the preparation of the Sensitivity Analysis from previous year.

During the year ended 31^st March 2026, the Company has paid ' 474 lakhs and ' 84 lakhs towards demand of earlier years for West Bengal
Entry Tax and VAT/Sales tax respectively under West Bengal Sales Tax (Settlement of Dispute) Act, 2025 (SOD 2025). The same has been
accounted for and disclosed as Exceptional Item in these financial Statements.

33. Pursuant to the Shareholders' approval at the Extra Ordinary General Meeting of the Company held on 14^th March 2026, the Company
has entered into a Share Purchase Agreement on 23^rd April 2026 to acquire 37,90,250 Equity shares of ?10 each in Tulip Compression Private
Limited (TCPL) being 60 percent of Equity Share Capital of TCPL , at a consideration of ' 11,901.38 Lakhs from Gainwell Commosales Private
limited. The company has already made the part payment post 31^st March 2026 against the consideration & the balance will be paid in due
course. From the completion date, TCPL will become a subsidiary of the company.

35. INFORMATION GIVEN IN ACCORDANCE WITH THE REQUIREMENTS OF IND AS 108 ON OPERATING
SEGMENTS

The operations of the Company pertains only to Material Handling Solutions (i.e. manufacturing and marketing of various Material Handling
Equipment namely Mobile Cranes, Port Equipment, Self Loading Truck Cranes, Road Construction Equipment, etc. and dealing in spares and
providing services to related equipment). Further, the Company's principal geographical area of operations is within India. Accordingly, the
Company has only one reportable segment as envisaged in Ind AS 108 on 'Operating Segments' and information pertaining to segment is not
applicable for the Company.

During the year, the Company has two customer (Previous year one customer), where transaction with the single customer exceeds 10% of
the total revenue amounting to ' 10,408 Lakhs (Previous year ' 4,764 Lakhs).

36. CAPITAL MANAGEMENT

The Company aims at maintaining a strong capital base maximizing Shareholders' wealth, safeguarding business continuity and augments
its internal generations with a judicious use of borrowing facilities to fund spikes in working capital that arise from time to time as well as
requirements to finance business growth.

The Company determines the amount of capital required on the basis of annual business plan coupled with long term and short term
strategic investment and expansion plans. The funding needs are met through cash generated from operations, long term and short term
borrowings from banks and financial institutions (Including non convertible debentures). On requirement, the Company also borrows from
related and other parties to meet its financial needs.

The capital structure of the Company consists of net debt (borrowings as detailed in Note 17 offset by cash and cash equivalents in Note
14-A, other bank balances in Note 14-B, deposits with banks including earmarked balances in Note 9A and current investment in Note 8 C)
and total equity of the Company.

Net debt includes interest bearing borrowings less cash and cash equivalents, other bank balances (including non-current earmarked
balances) and current investments.

37. FINANCIAL INSTRUMENTS AND RELATED DISCLOSURES

This section gives an overview of the significance of Financial Instruments for the Company and provides additional information on Balance
Sheet items that contain Financial Instruments.

The details of material accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income
and expenses are recognized in respect of each class of Financial Asset, Financial Liability and Equity Instrument are disclosed in Note 2.14
to the Standalone Financial Statements.

The management assessed that cash and cash equivalents, other bank balances, trade receivables, trade payables, other financial assets and
other financial liabilities approximate their carrying amounts largely due to the short term maturities of these instruments.

The carrying amounts of non-current financial assets and liabilities measured at amortized cost in the Financial Statements are a reasonable
approximation of the fair values since the Company does not anticipate that the carrying amounts could be significantly different from the
values that would eventually be received or settled.

Fair Value Hierarchy

The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped
into Level 1 to Level 3, as described below:

Quoted prices in an active market (Level 1): This level of hierarchy includes financial assets that are measured by reference to quoted
prices (unadjusted) in active markets for identical assets or liabilities. This category consists of investment in quoted equity shares and
Mutual Funds.

Valuation techniques with observable inputs (Level 2): This level of hierarchy includes financial assets and liabilities, measured using inputs
other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e.,
derived from prices).

Valuation techniques with significant unobservable inputs (Level 3): This level of hierarchy includes financial assets and liabilities measured
using inputs that are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part, using
a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same
instrument nor are they based on available market data.

Foreign Currency Risk

The Company undertakes transactions denominated in foreign currency which results in exchange rate fluctuations. Such exchange rate risk
primarily arises from transactions made in foreign exchange and reinstatement risks arising from recognised assets and liabilities, which are
not in the Company's functional currency (Indian Rupees). A significant portion of these transactions are in US Dollar, Euro, etc. The carrying
amount of foreign currency denominated financial assets and liabilities including derivative contracts, are as follows:

Derivatives not Designated as Hedging Instruments

The Company uses foreign exchange forward contracts to manage some of its transaction exposures. The foreign exchange forward contracts
are not designated as cash flow hedges and are entered into for periods consistent with foreign currency exposure of the underlying
transactions.

The Company enters into foreign exchange forward contracts with the intention to reduce the foreign exchange risk of expected purchases,
these contracts are not designated in hedge relationships and are measured at fair value through profit or loss.

The Company has entered into Forward Contract during the current year but there is no such outstanding contract at the end of the reporting
period.

Note: If the rate is decreased by 2%, profit of the Company will increase by an equal amount.

Figures in brackets indicate decrease in profit.

Interest Rate Risk

Interest rate risk refers to the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. The objectives of the Company's interest rate risk management processes are to lessen the impact of adverse interest rate
movements on its earnings and cash flows and to minimise counter party risks.

Exposure to Interest Rate Risk

The Company's interest rate risk arises from the term loans from banks carrying floating rate of interest. These obligations expose the
Company to cash flow interest rate risk. The exposure of the Company's borrowing to interest rate changes as reported to the management
at the end of the reporting period are as follows.

Interest rate sensitivity has been calculated assuming the borrowings outstanding at the reporting date have been outstanding for the entire
reporting period. Further, the calculations for the unhedged floating rate borrowing have been done on the notional value of the foreign
currency (excluding the revaluation).

Price Risk

Price risk is related to change in market reference price of investments in securities held by the Company. The fair value of quoted investments
held by the Company exposes the Company to price risks. In general, these investments are not held for trading purposes. The fair value of
quoted investments in Securities, classified as fair value through Profit & Loss as at 31 March 2026 is ' 415 Lakhs (31.03.2025: ' 12 Lakhs).

The 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.

The maturity analysis of undiscounted lease liabilities and secured borrowings are disclosed under Note 5.3 and 17.2 respectively.
c) Credit Risk

Credit risk is the risk that counter party will not meet its obligations leading to a financial loss. The Company has its policies to limit its
exposure to credit risk arising from outstanding receivables. Management regularly assess the credit quality of its customers, on the basis
which the terms of payment are decided. Credit limits are set for each customer which are reviewed at periodic intervals.

For trade receivables, as a practical expedient, the Company computes credit loss allowance based on a provision matrix. The provision
matrix is prepared based on historically observed default rates over the expected life of trade receivables and is adjusted for forward-looking
estimates. The provision matrix at the end of the reporting period is given below.

40. ADDITIONAL DISCLOSURES RELATING TO THE
REQUIREMENT OF REVISED SCHEDULE III40.1 Loans or Advances (repayable on demand or
without specifying any terms or period of repayment)
to Specified Persons

During the year ended 31^st March 2026 the Company did not
provide any loans or advances which remain outstanding (repayable
on demand or without specifying any terms or period of repayment)
to specified persons (Nil as on 31^st March 2025).

40.2 Relationship with Struck off Companies

The Company did not have any transaction with companies struck
off during the year ended 31^st March 2026 and 31^st March 2025.

40.3 Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto Currency or
Virtual Currency during the year ended 31^st March 2026 and 31^st
March 2025.

40.4 Utilization of Borrowed Fund & Share Premium

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.

The Company has not advanced or lent 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.

42. The Government of India implemented the New Labour
Codes with effect from 21^st November 2025 and subsequently
issued draft Rules and FAQs to facilitate assessment of the related
financial impact. The Company has assessed the impact of the New
Labour Codes and recognised total expenses of ' 57 lakhs as per
actuarial valuation reports for the year ended 31^st March 2026. The
Management will continue to track and evaluate the impact of the
rules notified by the Central/State Government post 31^st March
2026 and consider the appropriate accounting effect in the relevant
period, as needed.

43. The Standalone Financial Statements were approved by the
Board of Directors on 28^th May 2026.

44. The Company has used two accounting software(s) for
maintaining its books of account which has a feature of recording
audit trail (edit log) facility and the same has operated throughout
the year for all relevant transactions recorded in the software(s)
except:

i) for software capturing payroll records where audit trail feature
was not enabled; and

ii) the feature of recording audit trail (edit log) facility was not
enabled at the database level to log any direct changes to data
when using certain access rights for software other than that
mentioned in (i) above.

Further, during the year there were no instances of the audit trail
feature being tampered with wherein such audit trail feature was
enabled.

Furthermore, other than the consequential impact of the exceptions
given above, the audit trail has been preserved by the Company as
per the statutory requirements for record retention where such
feature was enabled.

45. The previous year figures have been regrouped/reclassified
wherever necessary, to conform the current year's classification.