• Provisions, contingent liabilities and contingent assets

Provisions involving a substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events, for which a reliable estimate can be made and it is probable that there will be an outflow of resources. Provision is not discounted to its present value and is determined based on the best estimate required to settle an obligation at the year end. These are reviewed every year end and adjusted to reflect the best current estimate. Contingent liabilities are not recognised but are disclosed in the Notes to Accounts of the Financial Statements. Contingent assets are neither recognised nor disclosed in the Financial Statements.

• Impairment of Assets

The carrying amounts of assets are reviewed at each Balance Sheet date to assess if there is any indication of impairment based on intemal/extemal factors. An impairment loss on such assessment will be recognised wherever the carrying amount of an asset exceeds its recoverable amount The recoverable amount of the assets is net selling price or value in use, whichever is higher. While assessing value in use, the estimated future cash flows are discounted to the present value by using weighted average cost of capital. A previously recognised impairment loss is further provided or reversed depending on changes in the circumstances and to the extent that the assets carrying amount does not exceeds the carrying amount that would have been determined if no impairment loss had previously been recognised.

Ý Cash and cash equivalents

Cash and cash equivalents include cash in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of 12 months or less.

Ý Current /non-current classification

All assets and liabilities have been classified as current or non-current as per the Company's normal operating cycle and other criteria set-out in the Act. Deferred tax assets and liabilities are classified as non-current assets and noncurrent liabilities, as the case may be

Ý Segment Reporting

Company operates in a single reportable operating segment. Hence there are no separate reportable segments.

33.19 Additional Regulatory Information

(i) Title deeds of Immovable Property owned by the company are jointly held with others and company shares is in the name of the company.

(ii) There is no any Proceeding have been initiated or pending on or against of the company for holding any benami Property under the Benami Transaction(Prohibition) Act 1988 (section 45 of 1988) and the rules made thereunder.

(iii) The Company have Short-Term Borrowing from Bank on the basis of security of Current Assets and collaterally secured by Commercial Property & personal Gurantee of Directors.

Also. Company file monthly statements as per terms specified by the bank

(iv) The comapny have not been declared a wilful defaulter by bank financial intitution or other lenders.

(v) The Company does not have any transaction with "the Companies struck off under section 248 of ihe companies Act 2013 or Section"

560 of Companaies Act 1956.

(vi) There is no charge or modification yet to be registered with the Registar of the companies beyond the statutory period.

(vii) Company doesnot has traded or invested in crypto Currency or Virtual Currency during the financial Year.

33.2 Others

(i) There are no funds that have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other persons or entities, including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Company; or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(ii) There have been no funds that have been received by the Company from any persons or entities, including foreign entities ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

In Terms of Our Audit Report of even Date attached

For M/s Goel Mintri & Associates For and on behalf of the Board of Directors of

Chartered Accountants KALYANI CAST-TECH LIMITED

(FR No. 013211N)

s<y- sd/- s«v-

GOPAL DUTT NARESH KUMAR JAYASHREE KUMAR

(PARTNER) (Managing Director) (Whole-Time Director)

Membership No. 520858 DIN N0.:03302133 DIN N0.:02933321

Place: DELHI

Date: 27/05/2024 Sd/- Sd/-

AMIT KUMAR PANKAJ KUMAR

(CFO) (Company Secretary)