i. The Authorised Share Capital of the Company is Rs. 6000.00 Lakhs (Rupees Six Thousand Lakhs only) - Rs. 1500.00 Lakhs (Rupees One Thousand Five Hundred Lakhs only) comprising 1,50,00,000 (One Crore Fifty Lakhs) Equity Shares of Face Value Rs. 10/- (Rupees Ten only) each and Rs. 4500.00 Lakhs (Rupees Four Thousand Five Hundred Lakhs only) comprising 45,00,000 (Forty Five Lakhs) Preference Shares of Face Value Rs.100/- (Rupees One Hundred only) each.

ii. During the year ended 31st March 2026, the Company has allotted 13,00,000 Equity Shares of Face Value of Rs. 10/- Each, by way of a preferential issue at an issue price of Rs. 555/- per share (including share premium of Rs. 545/- per share) , aggregating to Rs 7,215.00 Lakhs to the Promoters and Non- Promoter Group. The Company has received the Listing and Trading Approval of the said Equity Shares from NSE & BSE.

b. Rights, preferences and restrictions attached to the Equity Shares

The Company has one class of equity shares having a par value of Rs. 10/- per share. Each shareholder is eligible for one vote per share held. The dividend proposed if any by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation of Company, the equity shareholders are eligible to receive the remaining assets of the Company after distributions of all preferential amounts, in proportion to their shareholding.

c. Terms of Warrants Issued (Convertible into Equity Shares):

During the year ended 31st March 2026, the Company has allotted 4,00,000 Warrants, Convertible into Equity Shares of Face Value of Rs. 10/- Each by way of a preferential issue at an issue price of Rs 555/- per warrant , aggregating to Rs 2,220.00 Lakhs to the Promoters and Promoter Group as per agreed terms. During the time of issuance of warrants, the Company received an upfront payment of Rs 138.75/- per warrant, representing 25% of the Warrants Issue Price, amounting to Rs 550.00 Lakhs, balance 75% will be received upon exercise of warrants.

- Tenure: Warrants may be exercised within 18 months from date of allotment.

- Conversion Ratio: Warrants shall be convertible into an equivalent number of fully paid-up equity shares of face value of Rs. 10/- each at the option of Allottees, in one or more tranches, within 18 (eighteen) months from the date of allotment of such Warrants

- The Equity Shares proposed to be so allotted upon conversion of Warrants shall rank pari-passu in all respects including as to dividend, with the existing fully paid-up Equity Shares of face value of Rs. 10/- (Rupees Ten Only) each of the Company, subject to the relevant provisions contained in the Memorandum of Association and Articles of Association of the Company

- In case the Proposed Convertible Warrant Allottee does not exercise the option of conversion of the Convertible Warrants into Equity Shares within a period of 18 (Eighteen) months from the date of allotment of such Convertible Warrants, the unexercised Convertible Warrants shall lapse and the amount of 25% of the Issue Price already paid by the Warrant holder on such Convertible Warrants shall stand forfeited by the Company. In case option of conversion is exercised, the amount already paid against Convertible Warrants shall be adjusted/ set-off against the Issue Price for the resultant Equity Shares.

As per the records of the company, including its register of shareholders/ members and other declarations received from shareholders regarding beneficial interest , the above shareholding represents both legal and beneficial ownership of shares. Both the equity shares issued on preferential basis and equity shares issued on conversion of warrants shall have lock as may be prescribed under Chapter V of the SEBI ICDR Regulations.

Rights, preferences and restrictions attached to the preference shares

- Type : Non-Convertible Non-Cumulative Redeemable Preference Shares ("NCRPS")

- The NCRPS issued by the company shall be subject to Memorandum and Articles of Association of the Company and the provisions of the Companies Act, 2013 (“the Act”) or any statutory modifications or re-enactment thereof. It shall carry a preferential right vis-a-vis equity shares of the Company with respect to payment of dividend, payment along with premium on its redemption and repayment in case of a winding up of the Company;

- The said NCRPS shall not be listed with any Stock Exchange

- It shall be non-participating in the surplus funds

- It shall be non-participating in the surplus assets and profits which remains after the entire capital has been repaid, on winding up of the Company;

- It shall be paid dividend on a non-cumulative basis @ 7% per annum on the Face Value of NCRPS as may be decided by the Company at its discretion.

- The NCRPS shall not be convertible into equity shares of the Company

- The holder of NCRPS shall have right to vote only on Resolution, which directly affect the right attached to Preference Shares.

- NCRPS shall be redeemable at par, on completion of 9 years from the date of allotment of such NCRPS in accordance with the provisions of the Act.

1. The Company has issued Non Convertible Non Cumulative Redeemable Preference shares (NCRPS) on 11th May, 2023. Considering the accounting principles to be followed in line with Indian Accounting Standards, the Company has computed the liability portion of NCRPS as the present value of the contractual obligations associated with the instrument. The difference between the issue amount of the NCRPS and the liability so computed has been treated as the 'Equity component of compound financial instruments' and grouped under other equity.

2. During the year ended 31st March 2026, the Company has allotted 13,00,000 Equity Shares of Face Value of Rs. 10/- Each, by way of a preferential issue at an issue price of Rs. 555/- per share (including share premium of Rs. 545/- per share) , aggregating to Rs 7215.00 Lakhs to the Promoters and Non- Promoter Group. Further the Company has allotted 4,00,000 Warrants, Convertible into Equity Shares of Face Value of Rs. 10/- Each by way of a preferential issue at an issue price of Rs 555/- per warrant , aggregating to Rs 2220.00 Lakhs to the Promoters and Promoter Group as per agreed terms. During the time of issuance of warrants, the Company received an upfront payment of Rs 138.75/- per warrant, representing 25% of the Warrants Issue Price, amounting to Rs 550.00 Lakhs, balance 75% will be received upon exercise of warrants. Considering the fixed to fixed criterion of equity instrument, the Company has presented money received against share warrants as "Other Equity" (INDAS 32).

3. Adjustment of Rs 16.07 Lakhs has been accounted in Other Comprehensive Income Reserve Account, to provide the rectification effect for error made in the previous year while accounting the OCI Portion related to remeasurement of defined benefit obligations (Gratuity) and for reflecting correct balance of the OCI Reserve as on 31-03-2025 in the financial statement in accordance with Ind AS-8 “Accounting Policies, Changes in Accounting Estimates and Errors. And comparative figures have not been restated as error pertained to the classification within Other Equity Head

Nature and purpose of reserves General Reserve :

General Reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. As the General Reserve is created by a transfer from one component of equity to another and is not an item of other comprehensive income, items included in the General Reserve will not be reclassified subsequently to statement of profit and loss.

Retained Earnings :

The balance in the Retained Earnings primarily represents the surplus after payment of dividend and transfer to reserve.

Revaluation Reserve :

Revaluation Reserve is created on revaluation of Land and Building of the Company. The proportionate amount will be transferred to Retained Earnings on sale/retirement of the asset concerned.

Remeasurement of Actuarial Value of Gratuity:

It includes remeasurement gains and losses on defined benefit plans recognized in other comprehensive income. This is not reclassifiable to statement of profit and loss.

Securities Premium:

Securities Premium represents the premium received on issue of equity shares over and above the face value of the shares. The reserve is utilised in accordance with the provisions of the Companies Act, 2013.

Share Warrants:

Money received against share warrants represents the upfront consideration received against warrants issued by the Company, pending their exercise/conversion into equity shares.

Equity Component of Compound Financial Instruments:

The Equity Component of Compound Financial Instruments represents the equity portion of compound financial instruments issued by the Company, determined in accordance with applicable Indian Accounting Standards.

1. The Company had availed the Term Loan of Rs. 780 Lakhs, Rs. 3500 Lakhs & Rs. 2000 Lakhs and Working Capital Sanction Limits of Rs. 4500 Lakhs (Fund Based & Non Fund Based) from Scheduled Bank at the effective rate of interest ranging from 9.27% to 9.72% p.a. linked to Repo Rate and the said credit facilities are secured against the following securities of the Company:

i. Primary Security - Hypothecation of all Stocks and Book Debts and Current Assets and Plant and Machineries, Both Present and Future.

ii. Collateral Security- Mortgage of Factory Land & Building situated at Survey No. 259/10/1, 259/10/2, 259/10/3 and 259/11, Village Dadra, U.T of Dadra and Nagr Haveli, District Silvassa

iii. Personal Guarantee of one of Promoter Group person

iv. Corporate Guarantee of one of Promoter Group person

2. The Term Loan of Rs. 780 Lakhs is repayble in 60 Equal Monthly Installments starting from 15th February, 2023, Term Loan of Rs. 3500 Lakhs is also repayble in 60 Equal Monthly Installments starting from 7th February, 2024 & Term Loan of Rs. 1500 Lakhs is repayble in 72 Equal Monthly Installments starting from 7th June, 2025.

3. The Company had availed Auto Vehicle Loan of Rs. 115.00 Lakhs & Commercial Vehicle Loan of Rs. 47.63 Lakhs from Scheduled Bank. The effective rate of interest is ranging from 8.1% to 9.32% p.a. and the said Vehicle Loans are secured against hypothecation of the respective Vehicles.

4. The Auto Vehicle Loans of Rs. 15 Lakhs. Rs. 75 Lakhs, Rs. 25 Lakhs are repayble in 60 Equal Monthly Installments starting from 5th December, 2023, 4th November, 2025, 29th April, 2025 respectively & Commercial Vehicle Loans of Rs. 15.50 Lakhs, Rs. 10.81 Lakhs, Rs. 21.32 Lakhs are repayble in 60 Equal Monthly Installments starting from 5th September, 2023, 5th October, 2025 & 5th October, 2025 respectively.

5. The Company had availed ICD from Promoter Group Companies namely Dilesh Roadlines Pvt. Ltd. & Alchimie Financial Services Private Limited which were repaid fully before 31st March, 2026. The effective rate of interest charged was ranging from 8.10% to 9.00% p.a.

Remarks: Certain Stock was missed during filing of Stock Statement which was considered thereafter in Financials during Audit.

7. During the financial year ended 31st March, 2024, the Company has issued Non Convertible Non Cumulative Redeemable Preference shares (NCRPS) on 11th May 2023. Considering the accounting principles to be followed in line with Indian Accounting Standards, the Company has computed the liability portion of NCRPS as the present value of the contractual obligations associated with the instrument. The difference between the issue amount of the NCRPS and the liability so computed has been treated as the 'Equity component of compound financial instruments' and grouped under other equity.

As per approved resolution plan, the contingent liabilities and commitments, claims and obligations of the Company, stand extinguished and accordingly no outflow of economic benefits is expected in respect thereof which pertains to period on or before the effective date (i.e 25th April, 2021) of implementation of Resolution Plan duly approved by the NCLT Order dated 26th March, 2021 read with Order dated 7th June, 2021. Kindly refer to Note 29.11 for Orders received from Income Tax Authorities pertaining to Pre CIRP Period.

The above information regarding Micro Enterprises and small Enterprises has been determined on the basis of information available with the Company. No interest has been accrued on delayed payments, if any.

29.5 Current Tax & Deferred Tax :

There is no provision for tax for the year ended March 31, 2026 on account of carry forward unabsorbed depreciation losses. The Company, has assessed at 31st March, 2026, the net Deferred Tax Asset created in earlier year and accordingly no further provision is required on account of Deferred Tax.

29.6 The Financials of the Company have been prepared on a going concern basis.

29.7 Figures for the previous year have been rearranged / re-grouped / reclassified wherever necessary, to correspond with those of the figures for the current year. Further, financial figures for the current period are not comparable to those of earlier periods due to acquisition mentioned in Note 29.9A

29.8 The Company has only one primary segment i.e. Architectural Glass Manufacturing Business and hence no separate primary segment information has been furnished herewith. The Company has disclosed the secondary segment (Geographical) in consolidated financial statements.

29.9 Other Disclosures

A Acquisition: The Company had entered into Business Transfer Agreement (BTA) on 10th April 2025, with M/s. Glasstech Industries (India) Private Limited for acquiring their business undertaking. This acquisition, structured as a slump sale, includes the entire business undertaking related to the manufacturing, sale, and supply of architectural glass and glass products. The Company has acquired Plant and Machineries, along with technical know-how, intellectual property rights, the brand name, goodwill, customer and vendor relationships, business records, and employees for the factories located in Taloja, Maharashtra and Erode, Tamil Nadu. The aggregate lump-sum purchase consideration was Rs. 3,460.00 Lakhs (Rupees Thirty Four Crores Sixty Lakhs Only).

B The Company had invested in Associate- Sejal Glass Ventures LLP with 44.99% share in Profit and Loss and Capital. Due to current global market scenario, Sejal Glass Ventures LLP (Associates) has changed its accounting policy from mercantile basis to cash basis w.e.f.1st April 2025 for more prudent and realistic reflection of financial performance. However the consolidated financial statements continue to be presented on the accrual basis in accordance with the Group's accounting policies.

29.10 Exceptional Item:

There are no exceptional items for the year ended 31st March, 2026 & for the year ended 31st March, 2025.

29.11 The Company had made all the payments except whenever claimant is not traceable, in accordance with the Resolution Plan as approved by the Hon'ble NCLT, Mumbai bench, vide order dated 26th March, 2021 read with order dated 7th June, 2021. Consequent upon the payments, the Resolution Plan stands fully implemented and the role of the Monitoring Committee had come to an end. The Chairman of the Monitoring Committee (Erstwhile Resolution Professional) had filed an Interlocutory Application along with the progress report with the Hon'ble NCLT, Mumbai bench for Orders. The said application has been allowed and disposed of.

Income Tax Matters Pertaining to Periods up to CIRP Approval Date

The Company was undergoing Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code, 2016 (""IBC"") until 26th March 2021, the date on which the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench approved the Resolution Plan. Post-approval, the management and control of the Company were transferred to the resolution applicant in accordance with the said Plan.

The Company has received orders from Income Tax Authorities raising demand for the period prior to the Hon'ble NCLT Order dated 26th March, 2021 (Pre- CIRP period) approving the Resolution Plan submitted by the Successful Resolution Applicants. The Company had filed necessary appeals against such demands with the appropriate authorities and, in view of the Resolution Plan and IBC provisions, had not recognized any contingent liabilities in respect thereof.

The Hon'ble NCLT, Mumbai Bench (Court Room No. 1) has passed a definitive ruling vide order dated 28th April 2025 in IA No. 5660/2024 in C.P. (IB)/1799(MB)2018 directing the Income Tax Department to provide the following reliefs:

1. Setting aside and quashing of all demands, orders, penalties, and proceedings initiated by the Income Tax Department that pertain to periods prior to the CIRP approval date of 26th March 2021.

2. Refrain from issuing further notices/reopening / reassessment/ demands/ claims which are for periods prior to the Approval Order.

3. To grant the refund of amounts which are adjusted by the IT Department for the non-eligible tax dues pertaining to period prior to Approval Order

4. To give effect of reduced demand as per NCLT Order, in their System, Portal and/or TRACES as due to digitalization of income tax portal the refunds are getting automatically adjusted and treated as actual demands.

5. Without prejudice, it is prayed that the Resolution Plan in its' entirely be uploaded as a part of the Approval Order to enable the Applicant to obtain its' certified copies and use the same with all statutory authorities.

The management believes that, based on and the aforementioned NCLT order, no further financial obligation shall arise in respect of these historical tax matters.

29.12 Relationship with the struck off Companies : There are no transactions with struck off companies for the year ending March 31, 2026 and March 31, 2025

29.13 Additional Statutory Information :

i The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period. However, Charge of Commercial Vehicle Loans has not been registered by Scheduled Bank totalling to Rs. 47.63 Lakhs. (PY Rs. 15.50 Lakhs)

ii The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

iii The Company has not advanced or loaned or invested funds ( (either from borrowed funds or share premium or any other sources of kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writting or otherwise) that the Intermediary shall:

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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

iv The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

v The Company have 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, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

vi The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017

vii The Company has not given any loans or advances in the nature of loans to the promoters, directors, KMP and other related parties (as defined under Companies Act 2013) either severely or jointly except for Loans & Advances given to Related Parties as disclosed in Note 13.

viii The Company is not covered under Section 135 of the Companies Act during the year.

ix During the year, the company has not been declared as willful defaulter by any Bank or Financial Institution or any other lender.

x No material events have occurred between the Balance Sheet date to the date of issue of these standalone financial statements that could affect the values stated in the financial statements as at 31st March, 2026

29.14 Employee benefit plans

29.14. a Defined contribution plans

The Company makes Provident Fund and Employee's State Insurance contributions in respect of all the qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The Company recognised Rs. 59.24 Lakhs (Year Ended 31st March, 2025 Rs 18.74 Lakhs) for Provident Fund and Employee's State Insurance contributions in the Statement of Profit and Loss. The contributions payable to these plans by the Company are at rates specified in the rules of the schemes.

29.14. b Defined benefit plans

The Company offers the following employee benefit schemes to its employees:

i. Gratuity

ii. Compensated Leave Absences

The Company has obtained Actuarial Valuation Report of Gratuity and Leave Encashment as at 31st March, 2026. During FY 2025-26 the Company has debited to its Profit and Loss Account- Gratuity of Rs 28.52 Lakhs (Year Ended 31st March, 2025 Rs 14.81 Lakhs) and Other Comprehensive Income of Rs 29.52 Lakhs (Year Ended 31st March, 2025 Rs 6.80 Lakhs). Further the Company has debited to its Profit and Loss Account -Leave Encashment of Rs. 35.36 Lakhs (Year Ended 31st March, 2025 Rs 11.32 Lakhs) to correctly show the year end liability as at 31st March, 2026

The discount rate is based on the prevailing market yields of Government of India Bonds as at the Balance Sheet date for the estimated term of the obligations.

The estimate of future salary increases considered, takes into account the inflation, seniority, promotion, increments and other relevant factors.

Effective November 21, 2025 the Government of India notified the four Labour Codes-a) the Code on Wages, 2019, b) the Industrial Relations Code, 2020, c) the Code on Social Security, 2020, and d) the Occupational Safety, Health and Working Conditions Code, 2020 collectively referred to as the 'New Labour Codes'- consolidating 29 existing labour laws. The Ministry of Labour & Employment has published draft Central Rules and FAQs on December 30, 2025, to faciliate assessment of the financial impact arising from these regulatory changes. Under INDAS 19, changes to employee benefit plans arising from the New Labour Codes constitute plan amendments and they are required to be treated as past service costs and recognised as an expense in the statement of profit and loss. Accordingly, the New Labour Codes has resulted in an estimated increase in provision for expense benefits and same has been recognised under head "Employee Benefit Expenses" in the year ended 31st March, 2026. The Company continues to monitor the finalisations of Central/ State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriated accounting treatment on the basis of such developments as needed.

29.16 Financial Risk Management

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

• Credit risk ;

• Liquidity risk ; and

• Market risk

A. Credit Risk

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The company is exposed to credit risk from its operating activities (primarily for trade receivables and loans) and from its financing activities (deposits with banks and other financial instruments).

Credit Risk Management

Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the credit worthiness of customers to which the Company grants credit terms in the normal course of business. The Company establishes an allowance for doubtful debts and impairment that represents its estimate of incurred losses in respect of trade and other receivables and investments.

The Company's maximum exposure to credit risk as at 31st March, 2026 and 31st March, 2025 is the carrying value of each class of financial assets.

i Trade and other receivables

Credit risk on trade receivables is limited based on past experience and management's estimate.

ii Cash and Bank Balances

The Company held cash and bank balance of Rs. 401.10 Lakhs at 31st March, 2026 and Rs. 386.97 Lakhs at 31st March, 2025. The credit risk on bank balances is limited as the Company generally invests in deposits with banks where credit risk is largely perceived to be extremely insignificant.

B. Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a reasonable price. For the Company, liquidity risk arises from obligations on account of financial liabilities - trade payables and borrowings.

Liquidity risk management

The Company's approach to managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without incurring unacceptable losses. In doing this, management considers both normal and stressed conditions. A material and sustained shortfall in our cash flow could undermine the Company's credit rating and impair investor confidence.

C. Market risk

Market risk is the risk that changes in market prices such as foreign exchange rates, interest rates and equity prices will affect the Company's income or the value of its holdings of financial instruments. Market risk is attributable to all market risk sensitive financial instruments. The Company is exposed to market risk primarily related to interest rate risk and the market value of the investments.

i Currency Risk

The Company undertakes transactions denominated in foreign currencies and thus it is exposed to exchange rate fluctuations. The Company actively manages its currency rate exposures, arising from transactions entered and denominated in foreign currencies

ii Interest Rate Risk

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates. Cash flow interest rate risk is the risk that the future cash flows of floating interest bearing investments will fluctuate because of fluctuations in the interest rates.

Exposure to interest rate risk

The Company is exposed to interest rate risk as it has liabilities based on floating interest rates as well. The Company reviews the interest rate risks on periodic basis and try to mitigate the risk by having balanced portfolio of fixed and variable rate of borrowing.

iii Price Risk

Price risk is the risk that the fair value of a financial instrument will fluctuate due to changes in market traded price. It arises from financial assets such as investments in quoted instruments. There are no investments held by the Company which are measured at fair value either through profit and loss or fair value through other comprehensive income, hence the Company is not exposed to price risk.

The carrying amounts of trade receivables, cash and bank balances, loans, borrowings, and trade payables are considered to be approximately equal to the fair value.

I. Fair value hierarchy

The fair values of the financial assets and liabilities are included at the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are

(a) recognised and measured at fair value and,

(b) measured at amortised cost and for which fair values are disclosed in the financial statements.

To provide an indication about the reliability of the inputs used in determining fair value, the company has classified its financial instruments into the three levels prescribed under the Indian accounting standard. An explanation of each level is as follows :

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. For example, listed equity instruments that have quoted market price.

Level 2: The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the-counter derivatives) is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an 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 level 3. This is the case for unlisted equity securities, contingent consideration and indemnification asset included in level 3.

II. Valuation techniques used to determine fair value

Significant valuation techniques used to value financial instruments include:

• Use of quoted market price or dealer quotes for similar instruments

• Using discounted cash flow analysis.

29.18 Capital Management The company’s objectives when managing capital are to

• safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and benefits for other stakeholders, and

• maintain an optimal capital structure to reduce the cost of capital.

The capital structure of the Company is based on management's judgement of the appropriate balance of key elements in order to meet its strategic and day-today needs. We consider the amount of capital in proportion to risk and manage the capital structure in light of changes in economic conditions and the risk characteristics of the underlying assets.

The management monitors the return on capital as well as the level of dividends to shareholders. The Company will take appropriate steps in order to maintain, or if necessary adjust, its capital structure.

Note: During the year ended 31st March 2026, the Company has allotted 13,00,000 Equity Shares of Face Value of Rs. 10/-Each, by way of a preferential issue at an issue price of Rs. 555/- per share (including share premium of Rs. 545/- per share), aggregating to Rs 7215.00 Lakhs to the Promoters and Non- Promoter Group. Further the Company has allotted 4,00,000 Warrants, Convertible into Equity Shares of Face Value of Rs. 10/- Each by way of a preferential issue at an issue price of Rs 555/-per warrant , aggregating to Rs 2220.00 Lakhs to the Promoters and Promoter Group as per agreed terms. During the time of issuance of warrants, the Company received an upfront payment of Rs 138.75/- per warrant, representing 25% of the Warrants Issue Price, amounting to Rs 550.00 Lakhs, balance 75% will be received upon exercise of warrants. The Company has received the Listing and Trading Approval of the said Equity Shares from NSE & BSE.

Figures for FY 25-26 include the impact of acquisition of architectural glass business of M/s Glasstech Industries (India) Pvt. Ltd, vide Business Transfer Agreement (BTA), executed on April 10, 2025. Hence Figures for FY 25-26 & Figures for FY 24-25 are not comparable.