1) The Company has elected to continue with the carrying vaiue of its Property Plant & Equipment (PPE) recognised as of April 1, 2016 {transition date) measured as per the Previous GAAP and used that carrying value as its deemed cost as on the transition date as per Para D7AA of Ind AS 101,

2) The aggregate depreciation charge for the year has been included under depreciation and amortisation expense

in the Statement of Profit and Loss.

1) The Company has elected to continue with the carrying value of its intangible assets recognised as of April 1,2016 (transition date) measured as per the Previous GAAP and used that carrying value as its deemed cost as on the transition date as per Para D7AA of Ind AS 101.

2) The aggregate amortisation charge for the year has been included under depredation and amortisation expense in the Statement of Profit and Loss.

19.3 Right, Preferences and restrictions attached to Shares Equityslwes

The Company has only one class of Equity shares having a par value of 110/Ý per share. Each holder of equity shares is entitled to one vote per share. Any dividend declared by the Company shali be paid to each holder of Equity shares in proportion to the number of shares held to total equity shares outstanding as on that date. In the event of liq u id atio n of th e Compan y, the hoi ders of th e eq uity shares will be entit led to re ceive rema i nm o ass ets of the Company after distribution of all Preferential amounts. The distribution will be in proportion to the number of equity shares held by lhe shareholders.

20.2 Securities Premium : represents the amount received in excess of par value of securities i.e equity shares. Section 52 of Com panics Act 2013 specify restriction and utilisation of security premium.

20.3 Capital Reserve : represents the amount duo to remission of capital liability on one time settlement from Financial Institution during the year 2001-02.

20.4 General Reserve : represents the statutory reserve, this is in accordance with Indian Corporate Law wherein a portion of profit is apportioned to general reserve. Under Companies Act, 1956 it was mandatory to transfer amount before a Company can declare dividend. However, under Companies Act, 2013, transfer of any a mount to General reserve is al (he discretion of the Company.

20 5 Other Comprehensive Income Reserve i represents the balance in equity forthe items to be accounted in Other Comprehensive Income, Other Comprehensive income is classified into i) items that will not be reclassified to profit and loss, ii) items that will be reclassified to profit and loss.

20.6 Reta i n ed E a rn i rigs : rep rese nts the u nd i stri b uted p rof its of the C o m pa ny.

* Cas h Cred i tfrom Stole Bank of India is secu red aga i nsl H ypol he ca lion of or e nti re cu rren y a ssets of t h e com pa ny w h i oh includes stock of raw materials, stock-in process, finished goods, receivabies/book debts, Company's Immovable properties form part of the Collateral security and the Directors have given their Persona! Guarantee for the same.

24.1 The Company has a vailed borrowings from Slate Bank of India against security of Stocks Debtors. The Company f i I es q u a rterl y retu m s with the Bank .The q uarterly statem ents ft I ed by th e C o m pa ny with s uch b an k s a nd fin and al i nstitubons a re n ot in agree me nt wi th t h e boo ks of acco u nts of the Com pa ny a nd the d eta i I s are as fo I lows:"

Reasons of discrepancies:

1. While submitting stock statements to the bank, the Company has not considered the inventory details of stores, spares, materials in transit and non-moving inventory,

2. While submitting statements of Trade Receivables and Trade Payables, the Company has not considered outstanding balances for more than 180 days.

25.1 There are no Micro and Small Enterprises to whom Company owes dees, which are outstanding for more than 45 days as at 31 &( March, 2024.

25.2 The amount due to Micro and Small Enterprises as defined in the The Micro, Small and Medium Enterprises Development Act, 2006" has been determined to the extent such parties have been identified on the basis of i nformati o n avails ble with th e Compan y. The disclo s u res relat i n g lo M ic ro an d £ m a 11E nte rp rise s are as below:

*Based on the confirmation from Vendors.

25.3 The company has made payments to Micro and small suppliers amongst which to few suppliers are beyond the stipulated payments terms as prescribed under Micro, Small and Medium Enterprises Development Act, 2006. Since these Micro and smalt suppliers receive payments as per mutually agreed payments terms, none of the suppliers h as da i me d an y i rite re at from I he com pa ny f o r payments made beyond sti pu I ated pe riod, if a ny.

3 Contingent Liabilities and Commitment: -(Tothe extent notprovided only)

a) Contingent Liabilities not provided for t Nil (PY. ? Mil}

b) Estimated amount of contracts remaining to be executed (Net of Advances)? Nil (P.Y. ? Nil)

Defined Benefit Plan * Gratuity

Th e C ompany provi de s for g ratu ity be n efi t u n der a def i n ed b en efi t reti re m ent scheme (tfi e" G rat u i ty S cb erne" }as laid out by the Payment of Gratuity Act, 1972 of India covering eligible employees. The Gratuity Scheme provides for a I ump su m pa y ment to e m p! oyees whohavecomp leted at I ea st five ye ars of se rvice with the Grou p, based o n sa I ary and te n ure. of e m pioyme nt. Ua biliti e$ wit h rag ar<i to the g ratu ity sche m e a re determ i n.ed by actua ri al vajj uat ion ca rri ed out using the Projected Unit Credit Method by an independent actuary. The Gratuity liability is funded by payment to the trust estblished with Life insurance Corporation of India.

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market.

The expected rate of return on plan assets in determined considering several applicable factors, mainly the composition of Plan assets held, assessed risks, historical results of return on plan assets and the Company's policy for plan assets management.

Sensitivity analysis is performed by varying a single parameter while keeping all other parameters unchanged. Sensitivity analysis fails to focus on the interne I ationsti ip between underlying parameters. Hence, the results may va ry if two o r more va ria bles a re c ha n ged srmu Ita n eousl y.

The method used does not indicate anything about the likelihood of change if any parameter and the extent of the change if any.

L) Gratuity payable as per revved accounting ind AS 19 & actuanal valuation submitted by independent actuaries difference of fair market value of defined plan & present value of defined plan has been provided in other comprehensive expense amounting to Rs. 2.33 lakhs including past service cost, interest cost and liability of earlier year and difference in actuarial liability including service cost and interest cost for the year 31.03.2024.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices This includes listed equity instruments and mutual funds that have quoted price. The fair value of all equity instruments which are traded in the stock exchanges is valued using the closing price as at the reporting period. The mutual funds are valued using the Closing NAV,

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to Fair value on instrument are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in I evel 3. There a re no transfers be tween I e vels 1 a nd 2 du ring the yea r The C ompany's pci i cy is to recog ni ze transfe rs i nto a nd tra nsfe rs o u t of fair value h iera rcby leve Is at th e end of th e reporting period,

Valuation technique used to determine fair value

Specific valuation techniques used to value financial instruments include:

- The use of quoted market prices or dealer quotes for similar instruments The fsi rvalue of the remaini ng fin ancia l i nstruments i s de te mein ed usi og N AV.

- The company has invested in the equity instruments of company. The valuation exercise of unquoted equity instruments carried out by the company with the help of an estimated farr value at each reporting period based on available historical annual reports and other information in the public domain.

- Changes in Level 3 fair value are analysed at the end oFeach reporting period.

7 Financial Risk management

The Company has exposure to the following risks arising from financial instruments:

- Credit risk.

- Liquidity risk, and

- Market risk

The Company's risk management policies are established to identify and analyse the risks faced by the Company, to set a pprop ri ate risk control s and to m on i tor ris ks. R i sk ma nag ament poiici e$ a n d systems a re reviewed p eriodica I ly to reflect changes in market condilions and the Company's activities. The Company monitors compliance with the Company's risk management policies and procedures, end reviews the adequacy of the risk management framework in relation to the risks faced by the Company.

i) Credit risk:

Credit risk is the risk of financial loss tothe Company if a customer or counterparty to a financial instrument fails to meet its contractual obhgaiions, and arises principally from the Company's receivables from customers, deposit and other receivables, Credit risk is managed through continuous monitoring of receivables and follow up of overdue s.

Investments:

The Company limits its exposure to credit risk by generally investing in liquid securities and only with counterparties that have a good credit rating. The Company does not expect any losses from non-performance by these counter parties, and does not have any significant concentration of exposures to specific industry sector or specific country risks.

Trade receivables:

The Company's exposure to credit risk Is influenced mainly by the individual characteristics of each customer, demographics of the customer, default risk of the industry and country in which the customer operates, Credit risk is managed through credit approvals, establishing credit limits, and continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business.

The Company has used expected credit loss (FCL.) 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 i nto account extern at a nd i nterna I nsk fa ctors a n 0 h i sto rical d ata of cred i t losses f rom va no u s cu stom ers.

Other than trade and other receivables, the Company has no other financial assets that are past due but not impaired

ir) Liquidity risk

LiquFdity risk is the risk that the Company will not be able to meet its financial obligation as they fall due. The Company en s u res that it will have suffi c ient I i qu id ity to meet its lia bihii es wh en the y a re d ue, u n de r both n o rma I and stressed condition.

Maturities of Financial Liabilities

The table herewith analyse the Company's Financial Liabilities into relevant maturity groupings based on their contractual maturities for:

The amount disclosed in the table are the contractual undiscountcd cash flow. Balance dues within the 12 months equal there carrying balances as the impact of discounting is not significant,

iii) Market risk:

Market risk is the risk that changes in market prices - such as foreign exchange rates_f interest rates and other price r sk such as commodity risk. Market risk is attributable to all market risk sensitive financial instruments including foreign currency receivables and payables and long term debt.

Price Risk:

The Company is mainly exposed to the price risk due its investment in equity instruments and equity & debi mutuaI fu n d. The p n ce ri sk a rises du e to un as cellar n ity a bo u t th e f utu re ma rket value of th es e investme nts. Management Policy:

The Company maintains its portfolio in accordance with framework set by risk management policies duly monitored by competent professionals.

8. Capital management

The Company's capital management objectives are:

- To e nsu re the Company^rs ab i lity i o con I i n ue as g oing conee rn; and

- To p rovide a n adeq uate retu rn to shareholde rs throuq h opti m i zati on of debts an d equ ity b al a n ce.

9 Use of Estimates and Judgments

The preparation of the Company's Financial Statements requires the management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompa nying d iscl osures. and the disclosure of conti ng ent iia bifiti es. Actual res uits m ay d iff er from t h ese est i mates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods affected. In particular, information about significant areas of estimation uncertainty and critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the Financial Statements is included in these notes.

10 The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benamt property,

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

12 The Compa ny ha ve not trad ed or inve sted in Cry pio ctirre ncy orVirt u al Co rre ncy do ring the pe riod tye ar.

13 The Com pa ny have not ad vanced o r I oa ned o r i nvested fu n ds to a ny othe r perso n (s) or entityf i es), i nctud i ng fore ign ent iti es (f ntermed ia ne s} with th & u nd ersta n d i n g the t th e tn termedia ry shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behaif of the Company {Ultimate Beneficiaries)or

b) provide any guarantee, security or the fike to or on behalf of the Ultimate Beneficiaries.

14 The Company have not received any fund from any personfsjorentityfies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) thm the Company shelf

(a) directly or in directly I end or i nvest in oth er persons or e ntities id entifi ed i n any ma n ne r wh ats oeve r by or on beha If of (tie Fundi ng Party (Ultimate B eneficia rie s) or

(b) p rovide a ny gg arantee, seenr ity o r the I i ke o n n eha I f of the U Itima te Ba n efi cia he s.

15 The Company has no such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1951 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

1G The Company does not have any Immovable Property whose title deeds are not held in the name of Company.

17 The Company is not declared as wilful defaulter by any Bank or Financial Institution or other lender.

18 The previous year's figures have been regrouped wherever necessary to make it comparable with the current year.

19 The Company has sought balance confirmations from trade receivables and trade payables, wherever such balance confirmations are received by the Company, the same are reconciled and appropriate adjustments if required, are made in the books of account.

20 The Company does not have any transaction with siruck-off Companies.

21 Approval of Financial Statements

The Financial Statements were approved for issue by the Board of Directors on 06th May, 2024