Fair Value Measurement Hierachy:

Valuation techniques with sigificant unobservable inputs:

This level of hierachy includes financial assets and liabilities measured using inputs that are not based on abservable market date (unobservable inputs). Fair values are determined in whole or in part, using a valuation model based on assumptions that are neither supported by prices from observable current market transctions in the same instrument nor are they based on available market data.

The following table provide the fair value measurement hierachy of the company's assets and laibilities.

Financial Risk Management:

The Company's activities expose it to market risk, credit risk and liquidity risk. Company's overall risk management focus on the unpredictability of financial markets and seeks to minimize potential adverse effects on the financial performance.

I. Market Risk

Market risk is the risk oflossofthe future earnings, fair values or future cash flows that may result from a change in the price of a financial instruments. The value of a financial instrument may change as a result of changes in the interest rates. Foreign currency exchange rates, commodity prices and other market changes that affect market risk sensitive instruments. Market risk is attributable to all market risk sentive financial instruments including innstruments and deposits, foreign currency receivables, payable andbroowings.

Commodity Risk

Commodity price risk arises due to fluctuation in raw material (fifer prices) linked to various external factors, which can affect the production cost of the Company. The Company actively manages inventory and un may cases sale prices are linked to major raw material prices. These risks are reviewed and managed by senior management on continuous basis.

II. Credit Risk:

Credit risk arises when a customer or counterparty does not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk its operating activities (primarily trade receivables) and from its financing / investing activities including deposits with banks. The company has aprudent and conservative process for managing its credit risk arising in the course of its business activities. The company is receiving paymnents regularly from its customers and hence the Company has no significant credit risk.

III. Liquidity Risk

Liquidity risk is defined as the risk that the company will not be able to settle or meet obligations on time or at reasonable price. Prudent liquidity risk management implies maintining sufficient cash and karketable securities and the availability of funding through an adequate amount of credit facilities to meet obligations when due. The Company's treasury team is responsible for liquidity, funding as well as settlement management. In addition, processess and policies related to such risks are overseen by senior management. Management monitors the Company's liquidity position through rolling forecasts based on expected cash flows.

V. Technology Risk

The Company operates in a highly technical field with constant innovation and continuous evolution in technologies used. The company mitigates this risk through regular contact with customers, regular reviews of new technological trends, continuous improvement and investment in its manufacturing practices, along with investments in research, design, and development.

CAPITAL MANAGEMENT:

The Company's objectives when managing capital are to

1. Safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and the benefits for other stakeholders

2. Maintain an optimal capital structure to reduce the cost of Capital Consistent with others in industry, the company monitors capital on the basis of the following gearing ratio:

NOTE NO. 34

Disclosure relating to Gratuity Liability as per Ind AS 19 "Employee Benefits (revised 2005) As per actuarial as on 31/03/2024 given by LIC of India and recognized in to the financial statement in respect to employee Gratuity Benfit scheme.

Title deeds of immovable properties:

The title deeds of all the immovable properties, as disclosed in note no.2 to the financial statements, are held in the name of the Company.

NOTE NO. 38

Valuation of Property Plant&Equipment, intangible asset:

The Company has not revalued its property, plant and equipment or intangible assets or both during the current year. NOTE NO. 39

Loans or advances to specified persons:

No loans or advances in the nature of loans are granted to Promoters, Directors, Key Management Personnels and the related parties(as defined under Companies Act,1913) either severally or jointly with any other person, that are repayable on demand or without specfying any terms or period of repayment.

NOTE NO. 40

Details of benami property held:

No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act,1988(45of1988) and rules made thereunder.

NOTE NO. 41

Borrowing secured against current assets:

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 are in agreement with the books of accounts.

NOTE NO. 42

Wilful defaulter:

The Company has not been declared wilful defaulter by any bank or financial institution or other lender.

NOTE NO. 43

Relationship with struck off Companies:

The Company has no transactions with the Companies struck off under Section 248 of the Companies Act, 2013 or Section560 ofthe CompaniesAct, 1956

NOTE NO. 44

Registration of charges or satisfaction with Registrar of Companies (ROC):

The Company do not have any charges to be registered as at March31, 2024 with the Registrar of Companies (ROC). However, as per the records available on the ROC portal, the below charges which were created by the Company in earlier years for borrowings availed are still appearing as unsatisfied. The Company is in the process of obtaining no-dues certificates/ other relevant documents from the respective lenders for taking the required action.

Compliance with number of layers of companies:

The Company has complied with the number of layers prescribed under the Section 2 (87) of the Companies Act, 2013 read with Companies (Restriction on number of layers) Rules, 2017.

NOTE NO. 46

Compliance with approved scheme(s) of arrangements:

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

NOTE NO. 47

Utilisation of borrowed funds and share premium:

No funds 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 person or entity including foreign entities ("Intermediaries") with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

NOTE NO. 48

Undisclosed income:

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income TaxAct, 1961, that has not been recorded previously in the books of account.

NOTE NO. 49

Details of crypto currency orvirtual currency:

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

BALANCES OF TRADE RECEIVABLE / PAYABLEARE SUBJECT TO CONFIRMATION:

Subsequent Events

The Board of Directors in their meeting held on 23rd May 2024 have proposed a final dividend of Rs. 17/- per equity share for the year ended 31 March 2024 which is subject to the approval of shareholders at the ensuing Annual General Meeting and if approved, would result in a cash outflow of approximately Rs.382.50 Lakhs.

Previous Year's figures have been regrouped wherever necessary to correspond with the current year's figures, except when otherwise stated, the figures are presented in Rupees.