Disclosures in respect of Micro and Small Enterprises

The Management is in continuous process of obtaining confirmations from its vendors regarding their registrations under the provisions of the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act}. Linder the MSMED Act, 2006 which came into force with effect from October 2, 2006, certain disclosures are required to be made relating to Micro, Small and Medium Enterprises. On the basis of information and records available wilh the company, none of the vendors have informed the Company that they are Small Scale Industrial Undertakings. Hence, information regarding dues to such undertakings is not furnished. The Company has not received any claim for interest from any supplier under the said Act.

Note - 31- Operating Segment Information

The Company's operations predominantly consist of Manufacturing of Forgings and Machined Components; and other sales does not contribute to 10% or more of the Company's total sales. Hence there are no reportable segments under Ind AS-108 Segment Reporting’.

The Executive director of the company has been identified as The Chief Operating Decision Maker (CODM). The Chief Operating Decision Maker also monitors the operating results as one single segment for the purpose of making decisions about resource allocation and performance assessment and hence, there are no additional disclosures to be provided other than those already provided in the financial statements.

FINANCIAL RISK MANAGEMENT

The Company 's activities expose it to a variety of financial risks, including market risk, credit risk and liquidity risk. The Company's principal financial liabilities comprise borrowings, trade andl other payables. The main purpose of these financial liabilities is to manage finances for the Company's operations. The Company's risk management assessment and policies and processes are established to identify and analyze the risks faced by the Compary. to set appropriate risk limits and controls, and to monitor such risks and compliance with the same. Risk assessment and management policies and processes are reviewed regulariy to reflect changes in market conditions and the Company's activities.

1 MARKET RISK MANAGEMENT

Market risk is the risk of any loss in future earnings, in realisable fair values or in future cash flows that may result from a change in the price of a financial instrument. The value ef a financial instrument may change as a result of changes in interest rates, liquidity and other market changes. Future specific market movements cannot be normally predicted with reasonable accuracy.

The sensitivity of the relevant profit or loss item is the effect, of the assumed changes in respective market risks. iiL Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. In order to optimize the Company's position with regard to interest, income and interest expenses and to manage the interest rate risk, treasury performs a comprehensive corporate interest rate risk management by balancing the proportion of the fixed rate andl floating rate financial instruments in its total portfolio .

Sensitivity

A hypothetical 50 basis point shift, in respective currency MIBQRs and other benchmarks on the unhedged loans would result in a corresponding increase/decrease in interest cost for the Company on a yearly basis as follows:

Liquidity rislk refers to the risk of financial distress or extraordinary high financing costs arising due to shortage of liquid funds in a situation where business conditions unexpectedly deteriorate and requiring financing. The Company requires funds both for short term operational needs as well as for long torm capital expenditure growth project The Company generates sufficient cash flow for operations, which together with the available cash and cash equivalents and short term investments provide liquidity in the short-term and Hong-term. The Company has established an appropriate liquidity risk management framework for the management of the Company's short, medium and long-term funding and liquidity management requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and actual cash flows and by matching the matching the maturity profiles of financial assets and liabilities.

Note - 34 - Other disclosure pursuant to Ind AS 107 "Financial Instruments: Disclosures** :

This section gives an overview of the significance of financial instruments for the Company and provides additional information on balance sheet items that contain financial instruments.

The details of significant accounting policies, including the criteria for recognition, the Pasis of measurement and the Pasis on which income and expenses are recognised in respect of each class of financial asset, financial liability and equity instrument are disclosed in Significant accounting policies of the Company.

Note-37 The Company does not hold any benami properly under the Benami Transactions (Prohibition) Act, 1988 and no proceeding has been initiated or is pending against the Company for holding any benami property.

Note-36 The Company has not surrendered or disclosed any income during the year in the tax assessments under the Income Tax Act, 1961.

Note-39 The company does not have any approved schemes of arrangements during the current and previous year.

Note-40 The Company does not hold any cryplocurrency or virtual currency as at 31 March 2025 and 31 March 2024.

The Company has aJso not received any deposits or advances for the purpose of investing in cryptocumencies or virtual currencies.

Note-41 All the title deeds of the immovable properties that are disclosed in the financials are held in the name of the Company.

Note-42 Tire Company does not have any material transactions with companies struck off under section 248 ot the Companies Act, 2013 or section 560 of Companies Ad, 1956.

Note-43 Borrowings

Tire 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:

(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.

The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter at ary time during the financial year or after Ihe end of reporting period but before the date when financial statements are approved.

The Company has utilised all its borrowed fund for the purpose for which it was obtained.

There are no charges or satisfaction which are yet to be registered with the Register of Companies beyond, that has exceeded the statutory period.

Note - 44 Previous year's figures have been regrouped/reclassified wherever necessary to conform with the current year's classificatiorVdisclosunes.

Note-43 -Financial Risk Management

The Company's activities expose it to a variety of financial! risks, including market risk., credit risk and liquidity risk. The Company's risk management assessment and policies and processes are established to identify and analyse the risks laced by the Company, to set appropriate risk limits and controls, and to monitor such risks and compliance with the same. Risk assessment and management policies and processes are reviewed regularly to reflect changes in market conditions and the Company's activities

Credit risk

Credit risk is tire risk of financial loss to tire Company if a customer or counterparty to a financial instrument fails lo meet its contractual obligations, and arises principally from the Company's receivables from customers, loans and investments. Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of counterparty to-which the Company grants credit terms in the normal course of business Trade receivables

The Company has used Expected Credit Loss {ECI_> model for assessing the impairment loss. For the purpose, the Company uses a provision matrix to compute the expected credit loss amount The provision matrix takes into acctxrrt external and internal risk factors and historical data of credit looses from various customers.

In calculating expected credit loss, the company has also considered credit reports and other related credit information for its customers to estimate the probability of default in future.

Liquidity Risk

LiqLidity risk is the risk that the Company will no? be able to meet its financial obligations as they became due. The Company manages its liquidity risk by ensuring, as Sar as possible, that it will always have sufficient liquidity to meat its liabilities when due. under both normal and stressed conditions, without incurring unacceptable losses or risk to the Company's reputation.