(xiv) Provisions, contingent liabilities and contingent assets:

A provision is recognised when an enterprise has a present obligation as a result of past event and it is probable that an outflow
of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are not
discounted to their present values and are determined based on management estimate required to settle the obligation at the
balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current management estimates.

Contingent liabilities are recognised only when there is a possible obligation arising from past events due to occurrence or non¬
occurrence of one or more uncertain future events not wholly within the control of the Company. Obligations are assessed on
an ongoing basis and only those having a largely probable outflow of resources are provided for. Other contingent liabilities are
not recognised but are disclosed in the notes to the financial statements.

Contingent assets are not recognised in the financial statements.

(xv) Lease:

Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor are
recognized as operating lease. Lease rentals under operating leases are recognized in the Statement of Profit and Loss on a
straight-line basis.

(xvi) Cash Flow Statement:

Cash flows are reported using the indirect method, where by profit/(loss) before extraordinary items and tax is adjusted for the
effects of transactions of non cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows
from operating, investing and financing activities of the Company are segregated based on the available information.

(xvii) Earnings per share (EPS):

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items,
if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by
dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest
and other charges to expense or income (net of any attributable taxes) relating to the dilutive potential equity shares, by the
weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number
of equity shares which could have been issued on the conversion of all dilutive potential equity shares. Potential equity shares
are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share from continuing
ordinary operations. Potential dilutive equity shares are deemed to be converted as at the beginning of the period, unless they
have been issued at a later date. The dilutive potential equity shares are adjusted for the proceeds receivable had the shares been
actually issued at fair value (i.e. average market value of the outstanding shares). Dilutive potential equity shares are determined
independently for each period presented. The number of equity shares and potentially dilutive equity shares are adjusted for
share splits / reverse share splits and bonus shares, as appropriate.

(xviii) Operating Cycle:

Based on the nature of products / activities of the Company and the normal time between acquisition of assets and their
realisation in cash or cash equivalents, the Company has determined its operating cycle as 12 months for the purpose of
classification of its assets and liabilities as current and non-current.

32 i) Two separate Cases u/s 138 of the Negotiable Instruments Act was filed by M/s. Fabtech Technologies International Limited
against M/s. Centech Engineers Limited in Court No.63 of The Metropolitan Magistrate Court at Andheri, Mumbai for the 4
(four) dishonoured cheques total amounting to Rs.72,05,556/- (Total cheque amount of 4 cheques). In the said cases, 2 (two)
separate orders were passed by the Court thereby convicting the directors of M/s. Centech Engineers Limited , directing them
to pay to M/s. Fabtech Technologies International Limited (Complainant) a total amount of Rs. 89,88,931/- being the amount
of 4 (four) dishonoured cheques along with interest thereon and also simple imprisonment of 6 months to the Directors of M/s.
Centech Engineers Limited.

Pursuant to the above-mentioned order, M/s. Centech Engineers Limited filed 2 (two) separate Appeals bearing no.02/2020
and 03/2020 in The City Civil and Sessions Court at Dindoshi, Mumbai challenging their 2 (two) conviction orders passed
by The Metropolitan Magistrate, Andheri, Mumbai. Presently, the said appeals are pending for orders and arguments on a
miscellaneous application. Further, the management is confident of resolving the matter in its favour and hence no provision is
made in the books of accounts.

ii) Complaints filed under section 138 of the Negotiable Instrument Act for the 2 (two) dishonoured cheques total aggregating
to Rs. 20,00,000/- (Rupees Twenty Lacs Only) which were issued by customer M/s. Jay Formulations Limited, before the
Metropolitan Magistrate at Ballard Pier Court, Mumbai and Andheri Court, Mumbai.

- Complaint No.3305458/SS/2019 for Rs.10,00,000/- was filed in Court on 04-10-2019 before Metropolitan Magistrate, 33rd
court, Ballard Pier, Mumbai

- Complaint No.4404563/SS/2019 for Rs.10,00,000/- was filed in court on 11-11-2019 before Metropolitan Magistrate, 44th
court, Andheri, Mumbai

Both the complaints are adjourned and listed for the hearing. Further, the management is confident of resolving the matter in
its favour and hence no provision is made in the books of accounts.

In accordance with the requirements of the SchemeThe demerged company shall take all such steps in the proceedings before
the appropriate authority to replace the demerged company with the resulting company. However, if the demerged company
is unable to get the resulting company replaced in such proceedings, the demerged company shall defend the legal cases in
accordance with the advice of the resulting company, as applicable and at the cost of the resulting company and the latter shall
reimburse and indemnify the demerged company against all liabilities and obligations incurred by or against the demerged
company in respect thereof. Hence disclosure and/ or contingent liabilities for the continued proceedings have been made in
the respective resulting company's financial statements.

42 Operating Lease

The Company has entered into operating lease arrangements for certain facilities and office premises. The leases are cancellable and
are for a period of 1 to 5 years and may be renewed for a further period based on mutual agreement of the parties. Lease payments
recognised in the Statement of Profit and Loss t 79.51 lakhs (previous year: t 83.45 lakhs).

43 No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988, hence relevant disclosures are not applicable.

44 The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013, Hence no
disclosure required.

45 The company has borrowings from banks on the basis of security of current assets. The quarterly returns or statements of current
assets filed by the Company with banks or financial institutions are generally in agreement with the books of accounts except some
minor differences which are not material to report.

46 There are no instances of any transaction not recorded in the books of accounts that has been surrendered or disclosed as income
during the year 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)

47 The Company is not declared as a wilful defaulter by any bank or financial Institution or other lender.

48 There are no charges or satisfaction of Charges pending to be registered with Registrar of Companies beyond the statutory period.

49 The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies
(Restriction on number of Layers) Rules, 2017

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

51 There is no scheme of arrangement approved by competent authority in terms of sections 230 to 237 of the Companies Act, 2013
during the year, hence relevant disclosures ore not applicable.

52 The company has not advanced or loaned or invested funds to any other persons or entities, 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.

53 The Company has not received any fund from any persons or entities, 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.

54 The company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during
the current or previous year.

Notes:

i) The current ratio has increased significantly due to the investment of surplus funds into mutual funds.

ii) The company has repaid its outstanding debt and is debt-free as of March 31, 2025

iii) The change in the ratio is attributable to improved earnings and repayment of its borrowings during the year.

iv) The improvement in the ratio is attributed to stronger profitability performance.

v) Strong revenue growth and improved receivables management have led to a significant change in the ratio.

vi) Strong revenue growth and vendors payments have contributed to the change in the ratio.

vii) Strong revenue growth, and the resulting increase in material purchases, have contributed to the change in the ratio.

viii) The company has reported an improvement in its net profit compared to the previous year

ix) The improvement in the ratio is attributed to stronger profitability performance.

57 Previous year's figures have been regrouped / reclassified wherever necessary to correspond with current year’s classification /
disclosure.

See accompanying notes 1 to 57 forming part of the financial
statement

In terms of our report attached. For and on behalf of the Board of Directors of

For Ajmera & Ajmera Fabtech Technologies Cleanrooms Limited

Chartered Accountants
Firm Regn. No. : 0018796C

Aasif Ahsan Khan Amjad Adam Arbani

Chairman and Director Director and CFO

DIN: 00156111 DIN:02718019

Place : Mumbai Omprakash Ajmera Anup Manohar Munshi

Date: May 26, 2025 Partner Chief Executive Officer

(Membership No. 157420)

UDIN :