1.12 Provisions/Contingencies

(a) Provision involving substantial degree of estimation in measurements is recognized when there is a present obligation
as a result of past events and it is probable that there will be an outflow of resources.

(b) Contingent Liabilities are shown by way of notes to the Accounts in respect of obligations where, based on the
evidence available, their existence at the Balance Sheet date is considered not probable.

(c) A Contingent Asset is not recognized in the Accounts.

1.13 Segment Reporting

A. Business Segments:

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment Reporting issued by ICAI, the
Company has only one reportable Business Segment, which ismanufacturing XLPE, PVC & Aerial Bunched Cables.

B. Geographical Segments:

The Company activities / operations are confined to India and as such there is only one geographical segment.
Accordingly, the figures appearing in these financial statements relate to the Company's single geographical segment.

1.14 Foreign Currency Transactions

Foreign exchange transactions are recorded at the rate prevailing on the date of respective transaction. Monetary assets
and liabilities denominated in foreign currencies as at the balance sheet date are translated at the closing exchange rates
on that date. Non monetary items which are carried in terms of historical cost denominated in a foreign currency are
reported using the exchange rate at the date of transacion. Exchange diffrences arising on foreign exchange transactions
settled during the year and on restatement as at the balance sheet date are recognized in the statement of profit and loss
for the year.

1.15 Balance Confirmations

Balance of Debtors & Creditors & Loans & advances Taken & giving are subject to confirmation and subject to
consequential adjustments, if any. Debtors & creditors balance has been shown separately and the advances received and
paid from/to the parties is shown as advance from customer and advance to suppliers.

1.16 Regrouping

Previous years figures have been regrouped and reclassified wherever necessary to match with current year grouping
and classifiaction. .

1.17 Pandemic (Covid-191 impact

I he World Health Organization announced a global health emergency because of a new strain of coronavirus ("COVID-
19") and classified its outbreak as a pandemic on 11 March 2020. On 24 March 2020, the Indian government announced a
strict 21-day lockdown across the country to contain the spread of the virus. The management has made an assessment of
the impact of COVID-19 on the Company's operations, financial performance and position for the year ended 31 March
2023 and has concluded that no there is no significant impact which is required to be recognized in the financial
statements. Accordingly, no adjustments are required to be made to the financial statements.