viii. Provisions and contingent liabilities
Provisions

Provisions are recognized when there is a present legal or constructive obligation as a result of a past events,
it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and there is a reliable estimate of the amount of the obligation.

Contingencies

Contingent liabilities are disclosed in the Notes to the financial statements.

Contingent liabilities are disclosed for: -

- when there is a possible obligation arising from past events, the existence of which will be confirmed only
by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of
the Company, or

- a present obligation that arises from past events where it is either not probable that an outflow of resources
will be required to settle the obligation or a reliable estimate of the amount cannot be made.

AY 2009-10:- The company has opted for Vivaad se Vishwas Scheme 2024 on 20th Jan 2025 for AY 2009¬
10 in connection with Appeal No 596214571190117 against Assessment order u/s 143(3) dated 13th Dec
2016 for Rs 8,66,300/-.

Tax of Rs 11,24,449/- was recovered against the demand.

The company has received Form No 4 dated 6th March 25. The designated authority has approved vide
order No. 895207061060325 dated 06-March 2025 a refund of Rs 6,26,616/-

AY 2015-16 :-The company has for Vivaad se Vishwas Scheme 2024 on 6th March 2025 for AY 2015-16 in
connection with Appeal No :-CIT (A),Kolkatta-21/341451181211217 against Assessment order u/s 143(3)
dated 22nd Nov 2017 for Rs 5,02,510/-.

The company has received Form No 4 dated 2nd May 25. Tax of Rs 9,22,171/- was recovered against the
demand.

The designated authority has approved vide order Nob 952816861020525 dated 02-May 25 a refund of Rs
6,27,317/-

ix. Cash flow statement:

Cash flows are reported using the indirect method prescribed in Ind AS 7 'Statement of Cash Flows', where
by profit/(loss) before extraordinary items and tax is adjusted for the effects of transactions of non-cash

nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from
operating, investing and financing activities of the Company are segregated based on the available
information.

x. Loan, Advances

Balances of Loans and Advances, Debtors, Creditor, Banks are subject to confirmation and reconciliation.

xi. Accounting for Indirect Taxes (GST)

The Company is recording sales and purchases on exclusive method and GST are not passed through the
profit and Loss accounts of the company. The Effect of Indirect Taxes (GST) on Sales will be as = Gross
Sales (-) GST = Net Sales

xiii. Significant Judgements and Estimates

The preparation of the Company's financial statements in conformity with Ind AS requires management to
make judgments, estimates and assumptions that affect the reported amount of assets, liabilities, revenue,
expenses, and the accompanying disclosures and the disclosures of contingent liabilities. Uncertainty about
these assumptions and estimates could result in outcomes that require a material adjustment to the carrying
amount of assets or liabilities affected in future periods. The estimates and associates' assumptions are
based on historical experience and various other factors that are believed to be reasonable under the
circumstances existing when financial statements were prepared. These estimates and underlying
assumptions are reviewed on an ongoing basis. Revision to accounting estimates is recognized in the year
in which the estimates are revised and in any future year affected.

xiv. Estimates and Assumptions

The key assumptions concerning the future and other key sources of estimation at the reporting date, which
may cause material adjustment to the carrying amounts of assets and liabilities within the next financial year.
The Company based its assumptions and estimates on parameters available when the financial statements
were prepared. Existing circumstances and assumptions about future

developments, however, may change due to market changes or circumstances arising that are beyond the
control of the Company. Such changes are reflected in the assumptions when they occur.

The areas involving critical estimates and judgements are:

-Useful lives of Property, plant and equipment and intangibles
-Measurement of defined benefit obligations
-Provision for inventories

-Measurement and likelihood of occurrence of provisions and contingencies
-Impairment of trade receivables
-Deferred Taxes

xv. Dividend:

The Company has not paid and declared any dividend to the public shareholders.

As per our report of even date.

Chartered Accountants

Sd/- Sd/- Sd/-

Nag Bhushan Rao Murari MaIIawat Rajpradeep Mahavirprasad Agrawal

Partner Whole Time Director Whole Time Director

Mem. No. 073144 DIN: 08809840 DIN: 09142752

FRN No. 000483C

UDIN: 25073144BMGJHY7928

Sd/- Sd/-

Raji Jaikumar Panicker Gazala Mohammed Irfan Kolsawala

Place: -Mumbai Company Secretary Whole Time Director & CFO.

Date: - 27.05.2025 DIN: 07133943