n) Provisions and Contingent Liabilities

Provision is recognized when the Company has a present obligation as a result of past event, it is probable that an outflow of resources
embodying economic benefits will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions are
not discounted to its present value and are determined based on best estimate of the expenditure required to settle the obligation at the
Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimate.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed
only by the occurrence or nonoccurrence 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 or a
reliable estimate of the amount cannot be made.

o) Dividend Distribution

The Company recognizes a liability to make the payment of dividend to owners of equity, when the distribution is authorized and the
distribution of the same is no longer at the discretion of the Company. As per the corporate laws in India, a distribution is authorized when
it is approved by the shareholders. A corresponding amount is recognized directly in equity.

p) Tax Expense

Income tax expense represents the sum of the tax currently payable and deferred tax. Current tax and deferred tax is recognized in the
Profit and Loss except when it relates to items that are recognized in Other Comprehensive Income.

Current tax

Current tax is the amount of expected tax payable based on the taxable profit for the year as determined in accordance with the applicable
tax rates and the provisions of the Income Tax Act, 1961.

Deferred tax

Deferred tax is recognized using the Balance Sheet approach. It represents temporary differences between the carrying amounts of assets
and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities
are recognized for all taxable temporary differences. Deferred tax assets are recognized for all deductible temporary differences to the
extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. Such
deferred tax assets and liabilities are not recognized if the temporary difference arises from the initial recognition (other than in a business
combination) of assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. In addition, deferred
tax liabilities are not recognized if the temporary difference arises from the initial recognition of goodwill. The carrying amount of
deferred tax assets is reviewed at the end of each reporting year and reduced to the extent that it is no longer probable that sufficient taxable
profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year in which the liability is settled or the asset
realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting year.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax
liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.

q) Leases

The Company assesses each contract at it's inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to
control the use of an identified asset for certain period of time in exchange of some consideration.

Company as a Lessee

The Company's leased asset classes primarily comprise of lease for building. The Company assesses whether a contract contains a lease, at
inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a
period of time in exchange of some consideration. To assess whether a contract conveys the right to control the use of an identified asset,
the Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company has substantially reaped all of the
economic benefits from use of the asset over the period of the lease and (iii) the Company has the right to direct the mode of use of the
asset.

The Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value
assets. For these short-term and low value leases, the Company recognizes the lease payments as an operating expense on a straight-line
basis over the term of the lease. The Company recognizes lease liabilities to make lease payments and Right-of-use assets representing the
right to use the underlying assets as below :-

Right-of-use assets

The Company recognizes Right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use).
Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of
lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease
payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line
basis over the lease term.

Lease Liabilities

At the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be
made over the lease term. The lease payments include fixed payments (including in substance fixed payments) less any lease incentives
receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The
lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of
penalties for terminating the lease, if the lease term reflects the Company exercising the option to terminate. Variable lease payments that
do not depend on an index or a rate are recognized as expenses (unless they are incurred to produce inventories) in the period in which the
event or condition that triggers the payment occurs.

In calculating the present value of lease payments, the Company uses its incremental borrowing rate at the lease commencement date
because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is
increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is
remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting
from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the
underlying asset.

The Company's lease liabilities are included in other current and non-current financial liabilities.

Short-term leases and leases of low-value assets

The Company applies the short-term lease recognition exemption to its short-term leases (i.e., those leases that have a lease term of 12
months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition
exemption to leases that are considered to be low value. Lease payments on short-term leases and leases of low-value assets are recognized
as expense on a straight-line basis over the lease term.

Company as a Lessor

Leases for which the Company is a lessor is classified as finance or operating lease. Leases in which the Company does not transfer
substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Rental income arising is
accounted for on a straight-line basis over the lease terms. Initial direct costs incurred in negotiating and arranging an operating lease are
added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are
recognized as revenue in the period in which they are earned.

r) Financial Instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity.

i) Financial Assets

The Company classifies its financial assets in the following measurement categories:

• Those to be measured subsequently at fair value (either through other comprehensive income, or through profit or loss)

• Those measured at amortized cost

The classification of financial assets at initial recognition depends on the financial asset's contractual cash flow characteristics and the
Company's business model for managing them.

Initial recognition and measurement

In order for a financial asset to be classified and measured at amortized cost or fair value through OCI, it needs to give rise to cash flows that
are 'solely payments of principal and interest (SPPI)' on the principal amount outstanding. This assessment is referred to as the SPPI test
and is performed at an instrument level. Financial assets with cash flows that are not SPPI are classified and measured at fair value through
profit or loss, irrespective of the business model.

The Company's business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows.
The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both.

Financial assets classified and measured at amortized cost are held within a business model with the objective to hold financial assets in
order to collect contractual cash flows while financial assets classified and measured at fair value through OCI are held within a business
model with the objective of both holding to collect contractual cash flows and selling.

Subsequent measurement

For purposes of subsequent measurement financial assets are classified in following categories:

• Financial assets at amortized cost

• Financial assets at fair value through other comprehensive income (FVTOCI) with recycling of cumulative gains and losses (debt
instruments)

• Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition (equity
instruments)

• Financial assets at fair value through profit or loss
Financial assets at amortized cost

A 'financial asset' is measured at the amortized cost if both the following conditions are met:

Business Model Test: The objective is to hold the financial asset to collect the contractual cash flows (rather than to sell
the instrument prior to its contractual maturity to realize its fair value changes) and;

Cash flow characteristics test: The contractual terms of the financial asset give rise on specific dates to cash flows that
are solely payments of principal and interest on principal amount outstanding.

This category is most relevant to the Company. After initial measurement, such financial assets are subsequently measured at amortized
cost using the effective interest rate (EIR) method. Amortized cost is calculated by taking into account any discount or premium on
acquisition and fees or costs that are an integral part of EIR. EIR is the rate that exactly discounts the estimated future cash receipts over the
expected life of the financial instrument or a shorter period, where appropriate, to the gross carrying amount of the financial asset. When
calculating the effective interest rate, the Company estimates the expected cash flows by considering all the contractual terms of the
financial instrument but does not consider the expected credit losses. The EIR amortization is included in other income in profit or loss.
The losses arising from impairment are recognized in the profit or loss. This category general applies to trade and other receivables.

Financial assets at fair value through profit or loss

Financial assets at fair value through profit or loss are carried in the balance sheet at fair value with net changes in fair value recognized in the
statement of profit and loss.

Financial assets designated at fair value through Other Comprehensive Income (OCI)

Upon initial recognition, the Company can elect to classify irrevocably its equity investments as equity instruments designated at fair value
through OCI when they meet the definition of equity under Ind AS 32 Financial Instruments: Presentation and are not held for trading.
The classification is determined on an instrument-by-instrument basis. Equity instruments which are held for trading and contingent
consideration recognized by an acquirer in a business combination to which Ind AS103 applies are classified as at FVTPL.

Gains and losses on these financial assets are never recycled to profit or loss. Dividends are recognized as other income in the statement of
profit and loss when the right of payment has been established, except when the Company benefits from such proceeds as a recovery of
part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through
OCI are not subject to impairment assessment.

Derecognition

A financial asset (or, where applicable, a part of a financial asset or part of a Company of similar financial assets) is primarily derecognized
(i.e. removed from the Company's statement of financial position) when:

• The rights to receive cash flows from the asset have expired, or

• the Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash
flows in full without material delay to a third party under a “pass through” arrangement and either;

0 the Company has transferred substantially all the risks and rewards of the asset, or

0 the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred
control of the asset.

When the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it
evaluates if and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially
all of the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognize the transferred asset to
the extent of the Company's continuing involvement. In that case, the Company also recognizes an associated liability. The transferred asset
and the associated liability are measured on a basis that reflects the right and obligations that the Company has retained.

Impairment of financial assets

In accordance with IND AS 109, the Company applies expected credit losses (ECL) model for measurement and recognition of
impairment loss on the following financial asset and credit risk exposure

0 Financial assets measured at amortized cost;

0 Financial assets measured at fair value through other comprehensive income(FVTOCI);

ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the
Company expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include
cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.

ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial
recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month
ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is
required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL).

The Company follows “simplified approach” for recognition of impairment loss allowance on:

0 Trade receivables or contract revenue receivables without significant financial element;

0 All lease receivables resulting from the transactions within the scope of Ind AS 116 —Leases

Under the simplified approach, the Company does not track changes in credit risk. Rather, it recognizes impairment loss allowance based
on lifetime ECLs at each reporting date, right from its initial recognition. The Company uses a provision matrix to determine impairment
loss allowance on the portfolio of trade receivables. The provision matrix is based on its historically observed default rates over the
expected life of trade receivable and is adjusted for forward looking estimates. At every reporting date, the historical observed default rates
are updated and changes in the forward looking estimates are analyzed.

ECL impairment loss allowance (or reversal) recognized during the period is recognized as income/ expense in the statement of profit and
loss. This amount is reflected under the head 'other expenses' in the statement of profit and loss.

(ii) Financial liabilities:

Initial recognition and measurement

Financial liabilities are classified at initial recognition as financial liabilities at fair value through profit or loss, loans and borrowings, and
payables, net of directly attributable transaction costs. All financial liabilities are recognized initially at fair value and, in the case of loans and
borrowings and payables, net of directly attributable transaction costs. The Company financial liabilities include loans and borrowings,
trade payables, trade deposits, retention money, liabilities towards services, sales incentive and other payables.

Subsequent measurement

For purposes of subsequent measurement, financial liabilities are classified in two categories:

0 Financial liabilities at fair value through profit or loss
0 Financial liabilities at amortized cost (loans and borrowings)

Financial liabilities at Fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon
initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the
purpose of repurchasing in the near term. This category also includes derivative financial instruments.

Gains or losses on liabilities held for trading are recognized in the statement of profit and loss.

Financial liabilities designated upon initial recognition at fair value through profit or loss are designated as such at the initial date of
recognition, and only if the criteria in IND AS 109 are satisfied. For liabilities designated as FVTPL, fair value gains/ losses attributable to
changes in own credit risk are recognized in OCI. These gains/ loss are not subsequently transferred to profit and loss. All other changes in
fair value of such liability are recognized in the statement of profit or loss. The Company has not designated any financial liability as at fair
value through profit and loss.

Financial liabilities at Amortized cost

After initial recognition, interest-bearing borrowings are subsequently measured at amortized cost using the Effective interest rate method.
Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the Effective interest rate
amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are
an integral part of the Effective interest rate. The Effective interest rate amortization is included as finance costs in the statement of profit
and loss.

Trade Payables

These amounts represents liabilities for goods and services provided to the Company prior to the end of financial year which are unpaid.
The amounts are unsecured and are usually paid within 30 to 120 days of recognition. Trade and other payables are presented as current
liabilities unless payment is not due within 12 months after the reporting period. They are recognized initially at fair value and subsequently
measured at amortized cost using Effective interest rate method.

Derecognition

A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognized in the statement of profit and loss.

Offsetting of financial instruments

Financials assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently enforceable legal
right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and settle the liabilities
simultaneously.

s) Earning per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period. The weighted average number of equity shares outstanding during the
period is adjusted for events such as bonus issue, bonus element in a rights issue, share split, and reverse share split (consolidation of shares)
that have changed the number of equity shares outstanding, without a corresponding change in resources.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the period are adjusted for the effect of all potentially dilutive equity shares.

t) Non-current Assets held-for-sale

Non-Current Assets are classified as held-for-sale if their carrying amount will be recovered principally through a sale transaction rather
than through continuing use and sale is considered highly probable. A sale is considered as highly probable when decision has been made to
sell, assets are available for immediate sale in its present condition, assets are being actively marketed and sale has been agreed or is expected
to be concluded within 12 months of the date of classification. Non-current assets held for sale are neither depreciated nor amortised.
Assets and liabilities classified as held for sale are measured at the lower of their carrying amount and fair value less cost of disposal and are
presented separately in the Balance Sheet.

u) Recent pronouncements

The amendments to the standards that are notified by the Ministry of Corporate Affairs (MCA), but not yet effective, up to the date of
issuance of the Company's financial statements are disclosed below. The Company will adopt these amendments to the standards, when
they become effective.

Amendments to Ind AS 1 - Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants and Ind AS
10 Events after the Reporting Period Ind AS 10 has been amended to remove the previous treatment under which a lender's post reporting
date waiver—granted before the financial statements were approved for issue—of a breach of a material covenant in a long term loan
arrangement that occurred on or before the end of the reporting period, resulting in the liability becoming payable on demand at the
reporting date, was regarded as an adjusting event. For annual reporting periods beginning on or after 1 April, 2026, any breach of a
covenant—whether material or immaterial—occurring on or before the reporting date will, in accordance with Ind AS 1, require the related
liability to be classified as current, unless the lender has granted a waiver of the breach on or before the reporting date and has agreed not to
demand repayment for at least 12 months after the reporting date as a consequence of the breach. Such a waiver shall be treated as an
adjusting event.

The amendments are effective for annual reporting periods beginning on or after 1 April, 2026 retrospectively in accordance with Ind AS 8.
The Company has evaluated the amendment and there is no impact on its financial statement.

(c ) The company holds 10,000 shares of Rs.10/- each of South West Geo Services Private Limited which is an Indian Subsidiary
with CIN No. U09900HR2025PTC127876 and having registered office at Gurugram.

(d) The company holds 52,500 shares of Alara Resources LLC, a Foreign Jointly Controlled Entity with Company Registration no.
1095339 and having registered office in Muscat, The Sultanate of Oman.

(e) The company hold 80% share in South West Samit JV, an AOP.

(f) The company holds 17,500 shares in Alhadeetha Mining LLC, a foreign jointly controlled entity with Company Registration
no.1575412 and having registered office in Muscat, The Sultanate of Oman.

(g) The company holds 1,25,00,000 shares in Alara Resources Limited, a listed Foreign Company.

Note : The board of directors of the Company, in their meeting held on Dec 07, 2024 had approved for issue of equity shares of face value
of INR 10 each of the Company on preferential basis, at a price of INR 132.20 per share to Non Promoter Group (“Investors”). On Jan 02,
2025, the shareholders of the Company also approved issuance of such Equity shares. Accordingly, 19,27,611 equity shares ( which were
lower than the offerred shares ) were allotted on Feb 21, 2025, in accordance with the provisions of the Securities and Exchange Board of
India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable rules/regulations /guidelines, if any, prescribed
by any other regulatory or statutory authorities. The Company had received a sum of INR 2,548.30 Lakhs in accordance with the offer letter .

c) Rights, preference and restrictions attached to shares

The Company has one class of equity shares having a par value of Rs. 10/- each. Each holder of equity shares is entitled to one vote per
share.In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the
Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the
shareholders

d) Ordinary Shares allotted as fully paid up Bonus Shares for the period of five years immediately preceding 31st March

Nature and purpose of reserves :

General Reserve : The general reserve is a free reserve which 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, item included in the general reserve will not be reclassified subsequently to statement of
profit and loss.

Securities Premium - Securities Premium Reserve was created consequent to issue of shares at a premium. The reserves can be
utilised in accordance with section 52 of Companies Act, 2013

Retained Earning : Retained earnings represents the undistributed profits of the company.

Other Comprehensive Income : Reserve for equity instruments through other comprehensive income represents the
cumulative gains and losses arising on the revaluation of equity instruments measured at fair value through other comprehensive
income, net of amount reclassified to retained earnings when those assets have been disposed off.

Share Warrant : During the previous year , the Board of Directors of the Company, in their meeting held on December 07, 2024 have
approved the issuance of 28,21,411 Warrants, Convertible into fully paid-up Equity Shares of the Company, on preferential basis to
the Promoter and Non-Promoter Group, upto an amount of INR 3,729.91 Lakhs, at an issuance price of INR 132.20 per Warrant,
payable in to trenchen of 25% and 75% respectively. Shareholders of the Company, in Extra-ordinary General Meeting held on
January 02, 2025, approved the said issuance of Warrants on preferential basis. The Company received an aggregate consideration of
INR 932.48 Lakhs till February 21, 2025, towards 25% of the Total Consideration of the Warrants. Each warrant is convertible into
one Equity Share of the Company once warrants are fully paid. The warrant holders can exercise its right at any time within a period
of 18 months from the date of allotment of Warrants by depositing the balance 75% to make them fully paid, eligible for conversion
into equiuty shares . Equity Shares so issued upon conversion of the Warrants, shall rank pari-passu to existing Equity Shares of the
Company.

a) Term loans from HDFC bank and ICICI bank, as mentioned above, are secured by hypothecation of Vehicles, Rigs, Mud
Pumps, Compressor, Commercial vehicles & Excavators funded by them and further secured by personal guarantees of directors.
Amounts payable after 12 months of Balance Sheet date, are considered as Long Term and amounts payable within 12 months, have
been disclosed as "Current maturities of Long term debt" under the note "Borrowings (Current)".

b) Term loans from Tata Capital Financial Services Limited and Toyota Finance Limited, as mentioned above, are secured by
hypothecation of Rigs, Logging unit & Misc. assets funded by them . Amounts payable after 12 months of Balance Sheet date, are
considered as Long Term and amounts payable within 12 months, have been disclosed as "Current maturities of Long term debt"
under the note "Borrowings (Current)".

ii) Detail about the major Customer

Revenue from three major customers represented 72.27% (PY 48.00%) of the total revenue from operations of the company.

Note 47 : EXPENDITURE TOWARDS CORPORATE SOCIAL RESPONSIBILITY (CSR)

In accordance with section 135 of the Companies act 2013, the Company has incurred expenses on Corporate Social Responsibility
(CSR) aggregating to Rs.24.26 Lakhs ( PY Rs 27.69 Lakhs) for CSR activities carried out during the current year.

Fair value hierarchy

The Company uses the following hierarchy for determining and/or disclosing the fair value of financial instruments by valuation
techniques:

The following is the basis of categorising the financial instruments measured at fair value into Level 1 to Level 3:

Level 1: This level includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for identical
assets or liabilities.

Level 2: This level includes financial assets and liabilities, measured using inputs other than quoted prices included within Level 1 that
are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices).

Level 3: This level includes financial assets and liabilities measured using inputs that are not based on observable market data
(unobservable inputs). Fair values are determined in whole or in part, using a valuation model based on assumptions that are neither
supported by prices from observable current market transactions in the same instrument nor are they based on available market data.

b) Financial risk management

The Company’s corporate treasury functions provides services to the business, coordinates access to the financial markets, monitors
and manages the financial risks relating to operations of the Company through internal risk reports which analyse exposure by degree
and magnitude of risk. These risks include market risk (including currency risk, interest rate risk and other price risks, credit risk and
liquidity risk).

The principal financial assets of the Company include loans, trade and other receivables, and cash and bank balances that derive
directly from its operations. The principal financial liabilities of the Company, include loans and borrowings, trade and other payables
and the main purpose of these financial liabilities is to finance the day to day operations of the Company.

The Company’s senior management oversees the management of these risks. The senior professionals working to manage the
financial risks and the appropriate financial risk governance framework for the Company are accountable to the Board of Directors
and Audit Committee. This process provides assurance to Company’s senior management that the Company’s financial risk-taking
activities are governed by appropriate policies and procedures and that financial risk are identified, measured and managed in
accordance with Company policies and Company risk objective. In the event of crisis caused due to external factors, the management
assesses the recoverability of its assets, maturity of its liabilities to factor it in cash flow forecast to ensure there is enough liquidity in
these situations through internal and external source of funds. These forecast and assumptions are reviewed by board of directors.

This note explains the risks which the Company is exposed to and policies and framework adopted by the Company to manage these
risks.

i. Credit risk

Credit risk is the risk that counterparty will not meet its obligations leading to a financial loss. The Company is exposed to credit risk
arising from trade receivables. All financial assets are initially considered performing and evaluated periodically for expected credit loss.
A default on a financial asset is when there is a significant increase in the credit risk which is evaluated based on the business
environment. The assets are written off when the Company is certain about the non-recovery.

a. Trade receivables

The Company extends credit to customers in normal course of business. The Company considers factors such as credit track record in
the market and past dealings for extension of credit to customers. The Company monitors the payment track record of the customers.
Outstanding customer receivables are regularly monitored.

An impairment analysis is performed at each reporting date on trade receivables by lifetime expected credit loss method based on
provision matrix. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets. The
Company does not hold collateral as security. The Company evaluates the concentration of risk with respect to trade receivables as low,
as its major customers are Public Sector Undertakings. All debtors are good and realizable within the current financial year.

b. Financial instruments and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company’s treasury department in accordance with
the Company’s policy. Investments of surplus funds are made in bank deposits and other risk free securities. The limits are set to
minimize the concentration of risks and therefore mitigate financial loss through counterparty’s potential failure to make payments.
The Company’s maximum exposure to credit risk for the components of the balance sheet at 31 March 2026 is the carrying amounts.

Trade Receivables and other financial assets are written off when there is no reasonable expectation of recovery, such as debtor failing
to engage in the repayment plan with the Company.

ii. Liquidity risk

The financial liabilities of the Company include loans and borrowings, trade and other payables. The Company's principal sources of
liquidity are cash and cash equivalents and the cash flow that is generated from operations. The Company monitors its risk of shortage
of funds to meet the financial liabilities using a liquidity planning tool. The Company plans to maintain sufficient cash and marketable
securities to meet the obligations as and when fall due.

The table below analyses the Company's financial liabilities and financial assets into relevant maturity groupings based on their

iii. Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk: currency rate risk, interest rate risk and other price risks, such as equity price risk
and commodity price risk. Financial instruments affected by market risks include loans and borrowings, deposits, investments, and
foreign currency receivables and payables. The sensitivity analysis in the following sections relate to the position as at reporting
date. The analysis exclude the impact of movements in market variables on: the carrying values of gratuity and other post¬
retirement obligations; provisions; and the non-financial assets and liabilities. The sensitivity of the relevant Profit and Loss item
and equity is the effect of the assumed changes in the respective market risks. This is based on the financial assets and financial
liabilities held as of March 31, 2026 and March 31, 2025.

a) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in
foreign exchange rates. The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s
operating activities (when revenue or expense is denominated in foreign currency). The Company evaluates exchange rate exposure
arising from foreign currency transactions and follows established risk management policies.

Foreign currency sensitivity analysis

The following tables demonstrate the sensitivity to a reasonably possible change in USD, EURO and OMR exchange rates, with all
other variables held constant. The impact on the Company’s profit before tax is due to changes in the fair value of monetary assets and
liabilities including non-designated foreign currency derivatives and embedded derivatives.

b) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of change in market
interest rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to the Company’s debt
obligations with floating interest rates. As the Company has certain debt obligations with floating interest rates, exposure to the risk of
changes in market interest rates are dependent of changes in market interest rates. Management monitors the movement in interest
rate and, wherever possible, reacts to material movements in such rates by restructuring its financing arrangement.

c) Capital Management

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements
of the financial covenants. The Company's primary objective when managing capital is to ensure that it maintains an efficient capital
structure and healthy capital ratios and safeguard the Company's ability to continue as a going concern in order to support its business
and provide maximum returns for shareholders. The Company also proposes to maintain an optimal capital structure to reduce the
cost of capital.

For the purpose of the Company's capital management, capital includes issued equity share capital, security premium reserve and all
other equity reserves. Net debt includes, interest bearing loans and borrowings less cash and cash equivalents.. The Company monitors
capital using gearing ratio, which is net debt divided by total capital.

Debt Service Coverage Ratio:- Higher earning during the year have led to significant improvement in Debt Service Coverage Ratio.

Return on Equity:- The higher profit after tax during the current year has resulted in improved return on equity.

Inventory Turnover Ratio:- The revenue generation was significantly high as compared to inventory level which increased nominally
resulting in improved ratio.

Trade Payable Turnover Ratio:- Better cash flows due to better margins have led to reduction in Trade Payables which in turn has
improved the ratio.

Net Profit Ratio:- Significantly high revenue has led to higher margin/contribution resulting in improved Net Profit Ratio.

Return on Capital employed:- The profits have improved significantly without corresponding increase in capital employed resulting
in improved ratio.

Return on Investment:- The return on investment ratio has improved due to increase in interest and rental income during the year.

Note 53 : Details of Benami property held

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

Note 54 : Borrowing secured against current assets

The compnay has borrowed working capital loans from banks on the security of curent assets . The quaterly returns or statement filed
by the company with the banks are in aggrement with banks of accounts.

Note 55 : Wilful Defaulter

The company has not been declared wilful defaulter by any bank or financial institution or other lender.

Note 56 : Relationship with struck off companies

The company has no transactions with the companies struck off under section 248 of the companies Act, 2013 or section 560 of the
companies act, 1956.

Note 57 : Registration of charges or satisfaction with registration of Comopanies (ROC)

There are no charges or satisfaction yet to be registered with Registrar of Companies (ROC) beyond the statutory Period.

Note 58 : Compliance with number of layers of companies

The companies has complied with number of layers prescribed under the section 2(87) of the Companies Act, 2013 read with
companies (Restriction on number of Layers) Rules, 2017.

Note 59 : Utilisation of borrowed funds and Share premium

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 Company to or in any other person or entity, including foreign entities (“Intermediaries”) with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company
(Ultimate Beneficiaries). The Company has not received any fund from any party(Funding Party) with the understanding that the
Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company
(“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

Note 60 : Undisclosed income

There is no income surrendered or disclosed as income during the cureent or previous year in the tax assessments under the income
Tax Act,1961,that has not been recorded previously in the books of Account.

Note 61 : Details of crypto currency or virtual currency

The company has not traded or invested in crypto curency or virtual currency during the current or previous year.

Note 62 : Utilisation of Borrowings availed from banks and financial institutions

The borrowings obtained by the company from the banks and financial institutions have been applied for the purposes for which such
loans were taken.

Note 63 : Details of Loans given, Investments made and Guarantee given or security provided covered u/s 186 (4) of the Companies
Act, 2013 are given under respective heads (refer notes 7, 26 and 48).

Note 64 : Other accounting policies

a) Current versus non-current classification

The Company presents assets and liabilities in the balance sheet based on current/non- current classification. An asset is treated as
current when it is:

(i) Expected to be realized or intended to be sold or consumed in normal operating cycle

(ii) Held primarily for purpose of trading

(iii) Expected to be realized within twelve months after the reporting period, or

(iv) Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the
reporting period.

All other assets are classified as non-current.

A liability is current when:

(i) It is expected to be settled in normal operating cycle

(ii) It is held primarily for purpose of trading

(iii) It is due to be settled within twelve months after the reporting period, or

(iv) There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.

All other liabilities are classified as non-current.

Deferred tax assets and deferred tax liabilities are classified as non- current assets and liabilities.

The operating cycle is the time between the acquisition of assets for processing and their realization in cash and cash equivalents. The
Company has identified twelve months as its operating cycle

b) Government Grants

Government Grants are recognized at their fair value when there is reasonable assurance that the grant will be received and all the
attached conditions will be complied with.

When the grant relates to an expense item, it is recognized as income on a systematic basis over the periods that the related costs, for
which it is intended to compensate, are expensed. Government grant related to the non-monetary asset are recognized at nominal
value and presented by deducting the same from carrying amount of related asset and the grant is then recognized in profit or loss over
the useful life of the depreciable asset by way of a reduced depreciation charge.

c) Fair value measurement

The Company measures financial instruments at fair value at each balance sheet date. Fair value is the price that would be received to
sell an asset or paid to transfer a liability in an ordinary transaction between market participants at the measurement date. The fair value
measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:

(i) In the principal market for asset or liability, or

(ii) In the absence of a principal market, in the most advantageous market for the asset or liability.

The principal or the most advantageous market must be accessible by the Company.

A fair value measurement of a non- financial asset takes into account a market participant’s ability to generate economic benefits by
using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to
measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value
hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1- Quoted(unadjusted) market prices in active markets for identical assets or liabilities

Level 2- Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly
observable

Level 3- Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable

For assets and liabilities that are recognized in the financial statements on a recurring basis, the Company determines whether transfers
have occurred between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to fair
value measurement as a whole ) at the end of each reporting period.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature,
characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

d) Foreign Exchange Transaction and translation

Items included in the standalone financial statements are measured using the currency of the primary economic environment in which
the entity operates (‘the functional currency’). The standalone financial statements are presented in Indian Rupee (INR), which is
Company’s functional and presentation currency. Foreign currency transactions are translated into the functional currency using the
exchange rate prevailing on the date of transaction. Monetary assets and liabilities denominated in foreign currencies are translated at
the functional currency closing rates of exchange at the reporting date. Exchange differences arising on settlement or translation of
monetary items are recognized in Statement of Profit and Loss except to the extent of exchange differences which are regarded as an
adjustment to interest costs on foreign currency borrowings that are directly attributable to the acquisition or construction of
qualifying assets, are capitalized as cost of assets. Non-monetary items that are measured in terms of historical cost in a foreign
currency are recorded using the exchange rates prevalent on the date of the transaction. Non-monetary items measured at fair value in
a foreign currency are translated using the exchange rates prevalent on the date when the fair value was measured. The gain or loss
arising on translation of non-monetary items measured at fair value is treated in line with the recognition of the gain or loss on the
change in fair value of the item.

Note 65 : The company has used accounting software for maintaining its books of account for the financial year ended March 31,2026
which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions
recorded in the software. Further, during the year the Company did not come across any instance of the audit trail feature being
tampered with and audit trail has been preserved by the Company as per the statutory requirements for record retention.

Note 66 : Previous year figures have been re-grouped/re-classified wherever necessary.