PROVISIONS, CONTIGENT LIABILITIES AND CONTIGENT ASSETS

Provision is recognized in the accounts when there is a present obligation as a result of past event(s) and it is probable that an outflow of
resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not discounted to their present value
and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at
each reporting date and adjusted to reflect the current best estimates. Contingent liabilities are disclosed unless the possibility of outflow
of resources is remote.

Contingent assets are neither recognized nor disclosed in the financial statements.

9. IMPAIRMENT

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment loss is charged to the Profit
and Loss Statement in the year in which an asset is identified as impaired. The impairment loss recognized in prior accounting period is
reversed if there has been a change in the estimate of recoverable amount.

B ) Notes On Accounts

1) Previous year's figures have been reworked, regrouped, re6uranged and reclassified wherever necessary.

2) Paisas are rounded up to nearest rupees.

31 All sundry debit and credit balances standing as debtors, creditors and other balances are subject to confirmation from the concerned
parties & hence, subject to adjustments if any, arising out of reconciliation.

4) In the opinion of the Board of Directors, Current Assets, Loans & Advances have a value on realization in the ordinary course of business
equal to the amount at which they are stated in the balance sheet.

5) Wherever, external evidence in the form of cash memos / bills / supporting documents is available, the vouchers have been prepared
and authorized, by the company.

6) The amount overdue and outstanding at the close of the year payable to Small Scale and Ancillary industries as defined by the Interest
on Delayed payments to Small Scale and Ancillary Industrial Undertakings Act, 1992, is Nil as certified by the management.

For, Patel Jain & Associates For and on behalf of the Board

Chartered Accountants M/SSai Swami Metals and Alloys Limited

FRN : 129797W

Sd/- Sd/- Sd/-

CA Vlvek Bhatt Nlpun A. Bhagat Kashmlra Mehta

Partner DIN: 00065495 DIN: 00522086

Membership No : 193504 Managing Director CFO & Whole Time Director

Date: 30.05.2025

Place: Ahmedabad Sd/-

Vidhi D. Mehta
Company Secretary