2.13. Provisions, Contingent Liabilities, and Contingent Assets:

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

The amount recognised 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 (when the effect of the time value of money is material).

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.

2.14. Financial instruments:

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions
of the instruments. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are
directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and
financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets
or financial liabilities, as appropriate, on initial recognition.

Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through
profit or loss are recognised immediately in profit or loss.

2.15. Financial assets:

All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value,
depending on the classification of the financial assets.

Cash and cash equivalents:

The Company considers all highly liquid financial instruments, which are readily convertible into known amounts of cash
that are subject to an insignificant risk of change in value and having original maturities of three months or less from the
date of purchase, to be cash equivalents. Cash and cash equivalents consist of balances with banks, which are
unrestricted for withdrawal and usage.

2.16. Insurance Claims:

In case of total loss of asset, on intimation to the insurer, either the carrying cost of the asset or insurance value (subject
to deductible excess) whichever is lower is treated as claims recoverable from the insurance company. In case an
insurance claim is less than the carrying cost of the asset, the difference is charged to the statement of profit and loss.

In case of partial or other losses, expenditure incurred / payments made to put such assets back into use, to meet the
third party, or other liabilities (less deductible excess) if any, are accounted for as claims receivable from the insurance
company.

Insurance Policy deductible excess are expensed in the year in which corresponding expenditure is incurred. As and
when claims are finally received from the insurance company, the difference, if any, between the claim receivable from
the insurance company and claims received is adjusted to the statement of profit and loss. All other claims and
provisions are booked on the merits of each case.

3. Critical Accounting Judgments, Assumptions, and Key Sources of Estimation Uncertainty:

Inherent in the application of many of the accounting policies used in preparing the financial statements is the need for
management to make judgments, estimates, and assumptions that affect the reported amounts of assets and liabilities,
the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses. Actual outcomes
could differ from the estimates and assumptions used.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are
recognised in the period in which the estimates are revised and future periods are affected. A key source of judgments,
assumptions, and estimation uncertainty in the preparation of the financial statements, which may cause a material
adjustment to the carrying amounts of assets and liabilities within the next financial year, are in respect of the useful life
of property, plant, and equipment, employee benefit obligations, provision for income tax and measurement of deferred
tax assets. ______

3.1. Critical judgments in applying accounting policies:

That the Management has made in the process of applying the Company's accounting policies and that have a significant
effect on the amounts recognized in the Financial Statements.

(a) Determination of functional currency:

The Currency of the primary economic environment in which the Company operates ("the functional currency") is Indian
Rupee (Rs.) in which the company primarily generates and expends cash. Accordingly, the management has assessed its
functional currency to be Indian Rupee (Rs).

3.2. Assumptions and key sources of estimation uncertainty:

Information about estimates and assumptions that have a significant effect on the recognition and measurement of assets,
liabilities, income, and expenses is provided below. Actual results may differ from these estimates.

a) Useful life of property, plant, and equipment and intangible assets:

Management reviews its estimate of the useful life of PPE and intangible assets at each reporting
date, based on the future economic benefits expected to be consumed from the assets.

b) Provision for income tax:

Significant judgments are involved in determining the provision for income taxes, including the amount expected to be
paid/ recovered for uncertain tax positions.

c) Recognition of deferred tax assets:

The extent to which deferred tax assets can be recognized is based on an assessment of the probability of the Company's
future taxable income against which the deferred tax assets can be utilized. In addition, significant judgment is required in
assessing the impact of any legal or economic limits or uncertainties

4. Others Notes to accounts

1. Accounting for Provisions, Contingent Liabilities and Contingent Assets:

A provision is recognized when the Company has a present obligation as a result of 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. Provisions are not discounted to their present value and are determined based
on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each
reporting date and adjusted to reflect the current best estimates

Demand of Rs.4.40 lakhs was also raised by income tax department for AY 2021-22. However, the appeal has been filed
to the concerned authority. The company is confident of recovery of this amount and hence no provision has been made
for the same.

The Company has received a demand notice under the Goods and Services Tax (GST) Act amounting to Rs. 171207372.
The Company is contesting the same in Hon'ble Allahabad High Court. Based on the assessment of the management and
its legal advisors, it is not probable that an outflow of resources will be required to settle the obligation. Accordingly, the
said amount has been disclosed as a contingent liability and no provision has been recognized in the financial Statements

Advance recoverable in cash or kind or for value to be received mentioned in other financial assets includes an amount
of Rs. 58.96 laks which is recoverable from Induslnd bank which they have wrongly charged from us. The company has
filed case in a consumer forum and raised a complaint in banking ombudsman. The company is confident of recovery of
this amount and hence no provision has been made for the same.

Additional liability, if any, in respect of pending assesments/appeals of income Tax/Vat/Gst would be provided for on
completion of assessments/ disposal of appeals.

2. No provisions for doubtful debts have been made by the company in respect of the parties against whom the company
has filed the suits. The company is confident of its recovery.

8. There are no Companies/enterprises under the Micro, Small & Medium Enterprises Development Act, 2006, to whom
the company owes dues on account of principal amount together with interest, and accordingly, no additional
disclosure has been made. The above information regarding micro, small & medium enterprises has been determined
to the extent such parties have been identified on the basis of information available with the Company.

9. Impairment of Assets

The Company has identified no material impairment of Assets; as such, no provision is required as per Accounting
Standards (AS28) issued by the Institute of Chartered Accountants of India.

10. The company has not maintained the stock of SS & MS wire/Bright Bars grade wise. In view of heavy price difference
between the different grades we suggest that grade wise record be maintained. The grade wise inventory as on
31.03.2025 as certified by senior executives and duly countersigned by Sh. Nishant Garg, Managing Director has been
taken for valuation of inventory.