viii Provisions, contingent liablity and contingent Assets

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is 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. When the Company expects some or all of a provision to be reimbursed, for example, under an
insurance contract, the reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain. The
expense relating to a provision is presented in the statement of profit and loss net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when
appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is
recognised as a finance cost.

Contingent liability is disclosed in case of:

a) a presnt obligation arising from past events, whne it is not probable that an outflow of resources will be require to settle the obligation
; and

b) a present obligation arising from past events, when no reliable estimate is possible,

Contingent assets are disclosed whn an inflow of economic benefits is probable.

ix Earning per share

Basic Earning per share is calculated by dividing the Net Profit after tax for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period.

Diluted EPS is computed by dividing the profit after tax, as adjusted for dividend, interest and other charges to expenses or income
relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basis EPS and
the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

For M A A K & Associates For and on Behalf of the Board of Directors of

Chartered Accountants - Aditya Forge Limited

FRtyiI5024W

' Vi/ pT/FRN 13502<w\2M

y/ UUhmedabadJ yj

Kenan Satyawadi yyv ^ v' Nitin Parekh Rckha Parekh

Partner Managing Director Director

Membership No. 139533 DIN No.00219664 DIN No.00219808

UDIN: 24139533BKECVD7935

Date: 15/06/2024 Date: 15/06/2024

Place: Vadodara Place: Vadodara