1.15. Provisions and Contingencies

Provisions are recognised, when the Company has a present obligation
(legal or constructive) as a result of a past event, i t i s 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. The amount recognised as a provision i s the best estimate
of the consideration required to settle the present obligation and are
reviewed at the end of the reporting period, taking i nto account the risks
and uncertainties surrounding the obligation. When a provision i s
measured using the cash flows estimated to settle the present obligation,
its carrying amount i s the present value of those cash flows (when the
effect of the time value of money is material).

Contingent i iabilities are disclosed for (i) a possible obligation that arises
from past events and whose existence will be confirmed only by the
occurrence or nonoccurrence of one or more uncertain future events not
wholly within the control of the entity or (ii) Present obligations arising
from past events where i t i s not probable that an outflow of resources
embodying economic benefits will be required to settle the obligation or a
reliable estimate of the amount of the obligation cannot be made. When
some or all of the economic benefits required to settle a provision are
expected to be recovered from a third party, a receivable i s recognised as
an asset if i t i s virtually certain that reimbursement will be received and
the amount of the receivable can be measured reliably.

Contingent assets are disclosed i n the Financial Statements by way of
notes to accounts only in case of inflow of economic benefits is probable.

1.16. Taxes on Income

Current tax i s the expected tax payable on the taxable profit for the year
using tax rates and tax i aws enacted or substantively enacted by the end
of the reporting period and any adjustments to the tax payable i n respect
of previous years.

The tax currently payable i s based on taxable profit for the year, i f any.
Taxable profit differs from ‘ profit before tax’as reported i n the Statement
of Profit and Loss because of items of i ncome or expense that are
taxable or deductible i n other years and i tems that are never taxable or
deductible.

Deferred tax i s recognised on temporary differences between the carrying
amounts of assets and l iabilities i n the financial statements and the
corresponding tax bases used i n the computation of taxable profit.
Deferred tax i iabilities are generally recognised for all taxable temporary
differences. Deferred tax assets are generally recognised for all
deductible temporary differences to the extent that i t i s probable that
taxable profits will be available against which those deductible temporary
differences can be utilised.

The carrying amount of deferred tax assets i s reviewed at the end of
each reporting period and reduced to the extent that i t i s no i onger
probable that sufficient taxable profits will be available to allow all or part
of the asset to be recovered.

Deferred tax l iabilities and assets are measured at the tax rates that are
expected to apply i n the period i n which the i iability i s settled or the asset
realised, based on tax rates (and tax i aws) that have been enacted or
substantively enacted by the end of the reporting period.

The measurement of deferred tax l iabilities and assets reflects the tax
consequences that would follow from the manner i n which the Company
expects, at the end of the reporting period, to recover or settle the
carrying amount of its assets and liabilities.

Current and deferred tax are recognized i n profit or i oss, except when
they relate to i tems that are recognised i n other comprehensive i ncome
or directly i n equity, i n which case, the current and deferred tax are also
recognised i n other comprehensive i ncome or directly i n equity

respectively

Current tax assets and current tax I iabilities are offset when there i s a
I egally enforceable right to set off the recognised amounts and there I s an
I ntention to settle the asset and the I iability on a net basis. Deferred tax
assets and deferred tax I iabilities are offset when there I s a I egally
enforceable right to set off assets against I iabilities representing current
tax and where the deferred tax assets and the deferred tax l iabilities
relate to taxes on income levied by the same governing taxation laws.

1.17.Earnings Per Share

Basic earnings per share I s computed by dividing the net profit/(loss) after
tax (including the post tax effect of exceptional Items, If any) for the
period attributable to equity shareholders by the weighted average
number of equity shares outstanding during the year.

Diluted earnings per share I s computed by dividing the profit/(loss) after
tax (including the post tax effect of exceptional I tems, If any) for the
period attributable to equity shareholders as adjusted for dividend,

I nterest and other charges to expense or I ncome (net of any attributable
taxes) relating to the dilutive potential equity shares, by the weighted
average number of equity shares considered for deriving basic plus
dilutive shares during the year / period.

1.18 Rounding off Amounts

Amounts I n these financial statements have been rounded off to i Rupees
I n Thousand’ up to two decimal points, except for per share data and as
otherwise stated.

1.19. Notes to Financial Statements are I ntegral parts of the Balance
Sheet and Statement of profit & loss & Cash Flow Statement.

Note No.28: Inventories

Inventories are valued at cost or net realizable value whichever is lower. Inventories are valued by using FIFO Method
Note No.29: Foreign Exchange

Foreign currency transactions are recorded at the rate of exchange prevailing on the date of transaction. At the year end, there are no other I iabilities or
assets denominated I n foreign currency except as mentioned below. Exchange difference arising on actual payment/realization and year end restatement
are adjusted to Statement of profit & loss in foreign exchange fluctuation account.

Note No. 30: Pending Litigation

As at the balance sheet date, there are no pending I itigations or claims against the Company which would have a material I mpact on I ts financial position.
The Company has initiated legal proceedings for recovery of certain trade receivables.

Note No. 31: Taxation

a. Current Year Tax

The Current year tax has been charged to Statement of Profit and Loss on the basis of Assessable I ncome of the company, as computed under the Income
Tax Act, 1961.

b. Deferred Tax Assets

Deferred Tax I s recognized subject to consideration of prudence on timing difference being the difference between taxable I ncome & accounting I ncome that
originate I n one period and are capable of reversal I n one or more subsequent period. Deferred Tax Liability have been recognized where there I s
reasonable certainty that sufficient future taxable income will be available against which such deferred tax liability can be realized.

The Company has made provision for Deferred Tax on the timing difference between the taxable income and accounting income.

Note No. 32: Related Party Disclosures

In Accordance with the requirements of Accounting Standard - 18, name of the related party , related party relationships, transactions and outstanding
balances including commitments where control exist and with whom transactions have taken place during the reporting year, are reported as under:

A. Name of related parties and description of Relation:

B. Related Party Transactions

Transactions with related parties are made on terms equivalent to those that prevail i n arm's I ength transactions. Outstanding balances of trade receivable
at the year-ended are unsecured and i nterest free. There have been no guarantees provided or received for any related party receivables or payables. The
Company has not recorded any i impairment of receivables relating to amounts owed by related parties as at reporting dates. This assessment i s undertaken
each financial year through examining the financial position of the related parties and the market i n which they operate. There are no commitments with
related parties.

Terms and conditions of transaction with related parties

The sales to and purchases from related parties are made on terms equivalent to those that prevail i n arm's I ength transactions. Outstanding balances at
the year end are unsecured and i nterest free and settlement occurs i n cash and cash equivalents, unless otherwise stated. There have been no guarantees
provided or received for any related party receivables or payables. For the year ended March 31 2026, the Company has not recorded any i impairment of
receivables relating to amounts owed by related parties (March 31 2026: Rs. NIL). This assessment i s undertaken each financial year through examining
the financial position of the related party and the market in which the related party operates.

Summary of Payment made to KMP and their relatives

*Short term Employee Benefits

*Remuneration excludes provision i n respect of gratuity, i eave encashment etc. as the same i s determined on an actuarial basis for the Company as a
Whole.

Terms and conditions of transaction with related parties

The sales to and purchases from related parties are made on terms equivalent to those that prevail i n arm's i ength transactions. Outstanding balances at
the year end are unsecured and i nterest free and settlement occurs i n cash and cash equivalents, unless otherwise stated. There have been no guarantees
provided or received for any related party receivables or payables. For the year ended March 31 2026, the Company has not recorded any i mpairment of
receivables relating to amounts owed by related parties (March 31 2026: Rs. NIL). This assessment i s undertaken each financial year through examining
the financial position of the related party and the market in which the related party operates.

Commitments with related parties

At March 31 2026, the Company has no commitments for purchase of property, plant & equipment from related parties. Hence, no additional i nformation i s
disclosed i n these financial statements. There has not been an occasion i n case of the Company during the period under report to transfer any sums to the
Investor Education and Protection Fund.

Note No. 34: Long Term Contracts

During the year under review the Company does not have any I ong-term contracts i ncluding derivative contracts for which there were any material
foreseeable losses.

Note No. 35: Basic & Diluted Earnings Per Share

Basic earnings per share are calculated by dividing the net profit or I oss for the year attributable to equity shareholders by weighted average number
of equity shares outstanding during the year. Diluted earnings per share I s computed using the weighted average number of equity shares and also
the weighted average number of equity shares that could have been I ssued on the conversion of all dilutive potential equity shares except where
results are anti-dilutive.

Note No. 36:

No funds have been advanced or I oaned or I nvested (either from borrowed funds or share premium or any other sources or kind of funds) by the
company to or I n any other person(s) or entities, I ncluding foreign entities (“Intermediaries”), with the understanding that the I ntermediary shall whether
directly or I ndirectly I end or I nvest I n other persons or entities I dentified I n any manner by or on behalf of the company (Ultimate Beneficiaries) or provide
any guarantee, security or the like on behalf of ultimate beneficiaries;

No funds have been received by the company from any person(s) or entities I ncluding foreign entities (“Funding Parties”) with the understanding that
such company shall whether, directly or I ndirectly, I end or I nvest I n other persons or entities I dentified I n any manner whatsoever by or on behalf of the
funding party (ultimate beneficiaries) or provide guarantee, security or the like on behalf of the Ultimate beneficiaries.

Note No. 37: Dividend

No dividend have been declared or paid during the year by the company
Note No. 38: Other Statutory Information

38.1. The Company does not have any benami property and No proceedings have been I nitiated or pending against the company for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

38.2. The Company has not traded or invested in Crypto currency or Virtual currency during the financial year.

38.3 The Company does not have any such transaction which I s not recorded I n the books of accounts that has been surrendered or disclosed as

I ncome during the year I n 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.

38.4. The Company has availed I oan / credit facility from bank, financial I nstitution or I ender, and has repaid the I nstallments on due date, hence not
declared willful defaulter by any bank or financial institutions or lender during the year.

38.5. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period

38.6. The Company had taken borrowings from banks and financial I nstitutions and had utilised the borrowed funds for the purposes for which the fund I s

obtained.

38.7. There are no transactions with the companies whose names are struck off under section 248 of the Companies Act, 2013 or Section 560 of the
Companies Act, 1956 during the year ended 31st March 2026.

38.8. The company does not have any i immovable property (other than properties where the company i s the I essee and the I ease agreements are duly
executed i n favour of the company) for which title deeds are not held i n the name of the company. Accordingly, the requirement to disclose details
relating to title deeds of immovable properties not held in the name of the company is not applicable.

38.9. The Company has not revalued any item of property, plant and equipment and Intangible Assets.

38.10. The Company has not received any grant and donations.

38.11. The Company does not have any Subsidiary as prescribed under clause (87) of Section 2 of the Companies Act 2013 read with Companies
(Restriction of number of layers Rules, 2017)

38.12. The Company had not entered into any scheme(s) of arrangements during the financial year.

Note No. 39:

The Company has been sanctioned a bank overdraft facility of ?8 crore from ICICI Bank, secured against the Factory Land and Building owned by the
Company, along with hypothecation of Stock, Book Debts, and other Current Assets. The facility i s further secured by the Personal Guarantee of the
Directors. Since the loan facility is in the form of a bank overdraft, submission of stock statements is not required.

Note No. 40:

The Current Assets, Loans & Advances are realisable i n ordinary course of business at i east equal to the amount at which they are stated i n the Balance
Sheet.

Note No. 41:

There are no i ndications of i mpairment on any i ndividual cash generating assets or on cash generating units i n the opinion of management and therefore
no test of impairment is carried out.

Note No. 42:

Based on the evaluation, the Company i s not aware of any subsequent events or transactions, that would require recognition or disclosure i n the
financial statements.

The Company has one defined benefit plans, viz. gratuity (unfunded).

The gratuity plan i s governed by the Payment of Gratuity Act, 1972. Under the Act, every employee who has completed five years of service gets gratuity on
departure at 15 days salary (last drawn salary) for each completed year of service. The plan is not funded by the Company.

For Defined benefit plans, the cost of providing benefits i s determined using the projected unit credit method, with actuarial valuations being carried out as
at 31.03.2026.

The following tables summarise the components of net benefit expense recognised i n the statement of profit or i oss and the funded status and amounts
recognised in the balance sheet for the respective plans:

Business Segment:

(a) The business segment has been considered as the primary segment.

(b) The Company’s primary business segments have been determined based on i ts principal business activities, the nature of services provided, differences
i n risks and returns, the organization structure, and the internal financial reporting system.

(c) The Company's primary business i ncludes manufacturing of Aluminium and steel scaffolding & i adders. Further the manufactured Goods are sold as
well as used for providing rental services. The Board of Directors review the operating results as a whole. For purposes of making decisions about
resources to be allocated and assess i ts performance, the entire operations are to be classified as a single business segment as envisaged i n Accounting
Standard 17 'Segment Reporting' therefore disclosure for Segment Reporting is not applicable.

Geographical Segment:

For the purpose of geographical segments the Company i s operating its business activity i n India only and for disclosure India i s considered as Single
geographical segment. Accordingly, there is no Geographical reportable segment as per Accounting Standard 17 Segments Reporting.

Note No. 48: Financial Ratio

Financial Ratios are disclosed in the statement annexed to these financial statements as Annexure I.