s) Provisions and contingent liabilities and contingent assets

A provision is recognized when the Company has a present obligation as a result of past events and it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation. Provisions
are measured at the best estimate of the expenditure required to settle the present obligation at the balance sheet
date.

Contingent liabilities and contingent assets

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that
may, but probably will not, require an outflow of resources.

Where there is a possible obligation or a present obligation in respect of which the likelihood of outflow of
resources is remote, no provision or disclosure is made.

Contingent assets are not recognized in the financial statements. However, contingent assets are assessed
continually and if it is virtually certain that an inflow of economic benefit will arise, the asset and related income
are recognized in the period in which the change occurs.

t) Research and development

Revenue expenditure pertaining to research is charged to the Statement of Profit and Loss. Development costs
of products are also charged to the Statement of Profit and Loss unless a product’s technical feasibility has been
established, in which case such expenditure is capitalized. The amount capitalized comprises expenditure that
can be directly attributed or allocated on a reasonable and consistent basis to creating, producing and making the
asset ready for its intended use. Fixed assets utilized for research and development are capitalized and
depreciated in accordance with the policies stated for Fixed Assets.

Notes:

1. No amount has been written off or written back during the Year in respect of debts due from/to related
parties. (Previous Year Nil).

2. The Company has not given/provided any guarantee/collaterals for and on behalf of the aforementioned
related parties.

B. Contingent liabilities not provided for

i) Claims against the company not acknowledged as debts 'NIL (previous Year ' NIL)

ii) Guarantees

iii) Other money for which the company is contingently liable

C. Commitments

The estimated amount of contracts remaining to be executed on capital account not provided for net of advance '
NIL (Previous year ' NIL).

D. Other Commitments

The company has no outstanding commitment at the current as well as previous year which are of onerous nature
i.e., the cancellation of which might result in losses disproportionate to the benefits involved.

E. Earnings per Share

Net profit for the year has been used as the numerator and number of shares as denominator for calculating the
earning per share.

F. Previous year figures have been regrouped or reclassified wherever necessary to conform to current year
Classification.

G. The company has not reversed the ITC on account of GST for delayed payments to suppliers due to inadvertence
of the new provisions of the GST Act and could not estimate any liability on account of such non-compliance and
the management is of the considered opinion that the same would not be material.

H. The company has sought the confirmation from the various suppliers and customers but some of the parties’
confirmations could not be obtained till the approval of the financial statements. The management is of the firm
view that there would not be material discrepancies in these parties’ accounts.

Additional Regulatory Information as per Para Y of Schedule III to Companies Act,

2013:

eThe Company does not have any immovable property (other than properties where the Company is the lessee and the
lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company.

ii. The Company has not revalued its Property, Plant and Equipment.

iii. The Company has not granted loans or advances in the nature of loans are granted to promoters, Directors, KMPs and
the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:
(a) repayable on demand or (b) without specifying any terms or period of repayment

_iv. The Company does not have any capital work-in-progress.

_v. The Company doesnot have any intangible assets under development.

_vi. No proceedings have been initiated or pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

_vii. The Company has borrowings from banks or financial institutions on the basis of security of current assets and
quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in

_viii. The company is not declared as wilful defaulter by any bank or financial institution or other lender.

_ix. The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013
or section 560 of Companies Act, 1956

_x. There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

_xi. The company does not have any investments and hence, compliance with the number of layers prescribed under
clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not

previous period.

2 Debt Service Coverage Ratio incresed because increase in net operating income compared to the previous period.

3 Return on Equity Ratio incresed because increase in net operating margin compared to the previous period.

Trade payables turnover ratio incresed because company started taking the advantage of early payment discounts, cash

⁴ discount and required to make quick payments because of ma rket trends and futuristic approach compared to the previous

5 Net profit ratio incresed because increase in net operating income compared to the previous period.

6 Return on Capital employed incresed because increase in net operating margin compared to the previous period.

xiii. The Company does not have any scheme of arrangements which has been approved by the Competent Authority in terms of
sections 230 to 237 of the Companies Act, 2013.

xiv. A. 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 ompany to or in any other persons or entities, including foreign entities ("Intermediaries"), with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Company or provide any guarantee, security or
the like on behalf of the Ultimate Beneficiaries.

B. No funds have been received by the Company from any persons or entities, including foreign entities ("Funding Parties"), with the
understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest in other persons
or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Funding Parties or provide any
^r# Based on the information available with the Company, there are no duer to Small and Micro enterprises as required to be disclosed
under the Micro, Small and Medium Enterprises Development Act, 2006. The information regarding Micro and Small enterprises has
been determined to the extent such parties have been identified on the basis of information available with the Company.

## Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification /

Signatures to Notes forming part of Financial Statements_

In terms of our attached report of even date For and on behalf of the Board

As per our Report of even date For Agarwal Toughened Glass India Limited

For Jethani & Associates (Formerly known as Agarwal Toughened Glass India Pvt. Ltd.)

Chartered Accountants Sd/- Sd/-

FRN : 010749C ANITA AGARWAL MAHESH KUMAR AGARWAL

Sd/- Managing Director Director

UMESH KUMAR JETHANI DIN-09740258 DIN-02806108

Partner Sd/- Sd/-

M No. 400485 MANGAL RAM PRAJAPATI TANVI MARU

PLACE: JAIPUR (CFO) (Company Secretary)

DATE : 20.05.2025 M. No.: A50971

UDIN -25400485BMIHUC3670