a) A Provision is recognised if, as a result of a past event, the Company ha? 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 obligabon. Provisions are
determined by discounting the expected future cash flows (representing the best estimate of the expenditure required to settle the
obligabon at the balance sheet date) at a pre-tax rate that reflects current market assessments of the time value of money and the
risks specific to the liability. The unwinding of the discount is recognised as finance cost.

b) Provision for contractual obligation has been provided for in accounts based on management's assessment of the probable
outcome with reference to the available information supplemented by experience of similar transactions.

c) The Company makes provision towards warranty obligation arising under the contract, while progressively recognising the
revenue, based on management estimate and past experience of similar contracts. Such provision is maintained until the warranty
period,^completed. The unutilised provision if any, is reversed on expiry of the warranty period.

A ---ZKx

xiii) Revenue

The company has adopted lnd AS 115 'Revenue from Contracts with Customers' to recognise the income arising from specific
contract with customer.

a) Sale of goods and services - Performance obligation at a point in time

Revenue from the sale of goods in the course of ordinary activities is measured at the transaction price of the consideration
received or receivable, net of returns, trade discounts. Revenue is recognised on the basis of despatches in accordance with the
terms of sale when the significant risks and rewards of ownership have been transferred to the buyer, recovery of the
consideration is probable, the associated costs and possible return of the goods can be estimated reliably, there is no continuing
effective control over, or managerial involvement with the goods, and the amount of revenue can be measured reliably. The timing
of transfers of risk and rewards varies depending on the individual terms of sale.

Revenue from services is recognized in accordance with the specific terms of contract on performance.

Other operating revenue includes scrap sale, interest income on margin money deposits etc.arising out of and incidental to the
principal operation. The entire income under other operating revenue is recognised on accrual basis except in the case of interest
income which is recognised using effective rate of interest method.

b) Construction contracts Ý Performance obligation over time

The Company uses the 'percentage of completion method' to determine the appropriate amount to recognise revenue in a given
period. The stage of completion is measured by reference to the contract costs incurred upto the end of the reporting period as
percentage of total estimated costs for each contract. Expected loss, if any, on the construction / project related activity is
recognized as an expense in the period in which it is foreseen, irrespective of the stage of completion of the contract. While
determining the amount of foreseeable loss, all elements of costs and related incidental income not included is taken into
consideration. In respect of construction contracts, revenue includes variations in contract work, claims and incentive payments are
included in contract revenue to the extent that may have been agreed with the customer and are capable of being reliably
measured.

c) Other Income

Other income is comprised primarily of dividend income and exchange gain/loss on forward and options contracts and on
translation of other assets and liabilities.

Dividend income: Dividend income is recognised in profit or loss on the date on which the Company’s right to receive payments is
established.

Others: Any other income is recognised only on accrual basis.

xiv) Income tax

Income tax comprises current and deferred tax. It is recognised in profit or loss except to the extent that it relates to other
comprehensive income.

a) Current tax

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustments to
the tax payable or receivable in respect of previous years. The amount of current tax reflects the best estimate of the tax amount
expected to be paid or received after considering the uncertainty, if any, related to income taxes. It is measured using tax rates
(and tax laws) enacted or substantially enacted by the reporting date. Current tax assets and liabilities are offset only if there is a
legally enforceable right to set off the recognised amounts, and it is intended realise the asset and settle the liability on a net bas s
or simultaneously.

b) deferred tax

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the corresponding amounts used for taxation purpose. Deferred tax is recognised in respect of carried
forward losses and tax credits. Deferred tax also not recognised for temporary differences arising on the initial recognition of
assets or liabilities in a transaction that affects neither accounting nor taxable profit or loss at the time of transaction.

Deferred tax assets and liabilities are recognised to the extent that it is probable that future taxable profits will be available against
which they can be used. The existence of unused tax losses Is strong evidence that future taxable profit may not be available.
Therefore, in case of a history of recent losses, the Company recognises a deferred tax asset only to the extent that it has
sufficient taxable temporary differences or there is convincing other evidence that sufficient taxable profit will be available against
which such deferred tax asset can be realised. Deferred tax assets — unrecognised or recognised, are reviewed at each reporting
date and are recognised/ reduced to the extent that it is probable/ no longer probable respectively that the related tax benefit will
be realised.

Deferred tax is measured at the tax rates that are expected to apply to the period when the asset is realised or the liability is
settled, based on the laws that have been enacted or substantively enacted by the reporting date. The measurement of deferred
tax reflects the tax consequences that would follow from the manner in which the Company expects, at the reporting date, to
recover or settle the carrying amount of its assets and liabilities. Deferred tax assets and liabilities are offset if there is a legally
enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the
same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax
assets and liabilities will be realised simultaneously.

xv) Segment Reporting

a) Segment policies:

The Company prepares its segment information in conformity with the accounting policies adopted for preparing and presenting
the financial statements of the Company as a whole.

b) Identification of segments:

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision
maker. The board of directors of the Company assesses the financial performance and position of the Company and makes
strategic decisions.

c) Segment Revenue and Segment Result:

Segment revenue includes revenue from operations and other income directly identifiable with / allocable to the segment.
Expenses that are directly identifiable with / allocable to segments are considered for determining the segment result Revenue
and expenses which relate to the Company as a whole and are not allocable to a segment on a reasonable basis have been
disclosed as unallocable.

d) Segment Assets and Liabilities:

Segment assets and liabilities include those directly identifiable with respective segments. Unallocable corporate assets and
liabilities represent the assets and liabilities that relate to the Company as a whole and not allocable to any segment

xvi) Statement of Cash flows

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at
call with financial institution, other short-term, highly liquid investments with original maturities of twelve months or less that are
readily convertible to known cash and which are subject to an insignificant risk of changes in value.

Statement of Cash flows are prepared using the indirect method, whereby profit before tax is adjusted for the effects of
transactions of a non-cash nature and any deferrals or accruals of past or future operating cash receipts or payments and items of
income or expense associated with investing or financing cash flows. The cash flows from operating, investing and financing
activities of the Company are segregated.

xvii) Cash and cash equivalents

Cash and cash equivalents includes cash on hand, deposits held at call with financial institution, other short-term, highly liquid
investments with original maturities of twelve months or less that are readily convertible to known cash and which are subject to
an insiqnificant risk of chanqes in value.

xviii) Dividends

Final dividend on shares are recorded as a liability on the date of approval by the shareholders and interim dividends are recorded
as a liability on the date of declaration by the Company' Board of Directors.

xix) Earnings per share

a. Basic earning per share

Basic earnings per share is calculated by dividing

i. the profit attributable to owners of the Company

ii. by the weighted average number of equity shares outstanding during the financial year, adjusted for bonus elements in equity
shares issued during the year and excluding treasury shares

b. Diluted earnings per share

Diluted earning per share adjusts the figures used in the determination of basic earnings per share to take into account:

i. the after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and

ii. the weighted average number of additional equity shares that would have been outstanding assuming the conversion of all
dilutive potential equity shares

xx) Contingent liabilities

The company recognizes contingent liability for disclosure in notes to accounts, if any of the following conditions is fulfilled:

a) a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non¬
occurrence of one or more uncertain future events not wholly within the control of the enterprise; or

b) a present obligation that arises from past events but is not recognized because:

- it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or

- the amount of the obligation cannot be measured with sufficient reliability.

xxi) Contingent Assets

Contingent assets has to be recognised in the financial statements in the period in which it is virtually certa n that an inflow of
economic benefits will arise.

xxii) Events after reporting date

Where events occurring after the balance sheet date provide evidence of conditions that existed at the end of the reporting period
, the impact of such events is adjusted within the standalone financial statements .Otherwise events after the balance sheet date
of materials size or nature are only disclosed. —n—

A. Measurement of fair values

The fair value of the investment property as at 31 March 2026 has been estimated by the management with reference to the Government Guideline
Value of comparable properties situated in the same locality, after considering the nature, location and characteristics of the property. No
independent valuation has been obtained.

Management believes that the Guidel ne Value of comparable properties provides a reasonable basis for estimating the fair value of the investment
property for disdosure purposes. However, the actual market value may differ from the disclosed amount depending upon prevailing market
conditions and the terms of any future transaction.

B. Valuation technique
Fair value hierarchy:

Level 2 - The valuation is based on observable market Inputs, including Government Guideline Values of comparable properties in the same area,
with appropriate adjustments where considered necessary

* As at 31.03.2026, the Company has not disclosed the fair value of Land at Aherwadi village solapur as management has been unable to
determine the fair value reliably due to the absence of sufficient observable market inputs and comparable market transactions for similar properties
and the significant estimation uncertainty associated with the applicable of valuation techniques under Ind AS 113. Accordingly the management is
of the view that a reliable estimate of the fair value of such investment property is not disclosed as at reporting date.