XV. Provisions

A provision is recognized when the company has a present obligation as a result of past event i.e.. it is
probable that an outflow of resources embodying economic benefits will be required to settle the
obligation in respect of which a reliable estimate of the amount of the obligation can be made.

Provisions are not discounted to their present value and are determined based on best estimate
required to settle the obligation at the balance sheet date. These are reviewed at each reporting date
and adjusted to reflect the current best estimates. If it is no longer probable that an outflow of
resources would be required to settle the obligation, the provision is reversed.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the
existence of which will be confirmed only by the occurrence or non occurrence of one or more
uncertain future events not wholly within the control of the company or a present obligation that arises
from past events where it is either not probable that an outflow of resources will be required to settle
or a reliable estimate of the amount cannot be made.

30. Leases:

Operating lease commitments:

The company has taken premises on lease under cancellable operating leases. These lease agreements
are normally renewed on expiry. There are no restrictions placed upon the company by entering into
these leases and there are no subleases. The annual increments are expected to be in line with the
expected general inflation to compensate the lessor for the expected inflationary cost increase.

32.1 During the year, the Company raised Rs. 10,750.03 lakhs through the preferential allotment of
18,16.190 equity shares resulting in a dilution of 1.68% to meet the increased working capital
requirement for the executing of new projects. The company utilised the amount of

Rs. 10.750.01 lakhs till 31st March 2025.

32.2 IPO Funds and Application: The Company has completed its SME Initial Public Offering ("SME
IPO") by the way of fresh issue of 56,96,000 equity shares of face value of Rs. 10 each for at an
issue price of Rs. 75 per equity share aggregating to Rs. 4,272.00 Lakhs. The equity shares of the
company were listed on BSE Limited ("BSE") on 30th August, 2023.

37. Other statutory information:

I Title deeds of all immovable properties are held in the name of the company.

II. The company has not revalued its property, plant and equipment and intangible assets during the
year.

III. No loans or advances in nature of loans are granted to promoters, directors. KMPs or related parties
that are repayable on demand or without specifying any terms or period of repayment.

IV. In respect of loans borrowed from banks or the financials institutions on the basis of security of
current assets, the quarterly returns or statements of currents assets filed by the company with the
banks or financial institutions are in agreement with the books of accounts.

V. No proceedings have been initiated or pending against the company for holding any benami
properties under the Benami Transactions (Prohibition) Act. 1988 (45 of 1988) and the rules made
thereunder.

VI. The company has not been declared a wilful defaulter as defined by any bank or financial Institution
or other lender.

VII. The company had no transactions with companies struck off under section 248 of the Companies
Act, 2013 or section 560 of Companies Act, 1956.

VIII. There are no charges or satisfaction which are yet to be registered with ROC beyond the statutory
period.

IX. The company has complied with the number of layers prescribed under Clause 87 of Sec.2 of the
Act read with the Companies (Restriction on number of layers) Rules 2017.

X. 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 (ii) provide any
guarantee, security or the like on behalf of the ultimate beneficiaries.

XI. There were no transactions which were not recorded as income in the books of account but
surrendered or disclosed as income during the year in the tax assessments under the Income Tax
Act, 1961.

XII. The company has not traded or invested in crypto currency or virtual currency during the financial
year.

XIII. Latest valuation reports has been considered for valuation of unquoted Investments in equity shares.

38. The financial statements were approved for issue by the Board of Directors on May 01. 2025.

39. Previous year figures have been regrouped/ reclassified, wherever necessary, to confirm to this year's

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

For Sreedar Mohan & Associates Bondada Engineering Limited

Chartered Accountants CIN: L28910TG2012PLC080018

Firm’s Registration No. 012722S

Vidyasagar Macharla Raghavendra Rao Bondada Satyanarayana Baratam

Partner Chairman and Whole-time Director and

Membership No: 223056 Managing Director Chief Financial Officer

DIN : 01883766 DIN : 02610755

Place.- Hyderabad Sonia Bidlan

Date: May 01. 2025. Company Secretary

Membership No: A37766