2.13 Provision and Contingencies

A provision is recognised when the company has a present obligation as a result of past events and it is probable that an outflow of resources
will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding retirement benefit) are not
discounted to their present value and are determined based on the best estimate 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 estimates. Contingent liabilities are disclosed in the
Notes, forming part of the financial statements.

? 14 Cash and cash equivalents

Cash and cash equivalents comprise cash and balance with banks as on the date of Financial Statements/

2.15 Outstanding Litigations

The Company has filed two cases under Section 138 of Negotiable Instruments Act, 1881 i.e. for the dishonor of cheques. The total amount
involved is Rs. 2.00 crores The matters are sub-judice and any outcome shall be determined on the basis of the judgement of the respective
authority before which it is pending.

2.16 Manufacturing Activities

The company during the financial year has started manufacturing of Plastics Insulated Power Cable at its unit-II situated at E-50(A), RIICO
Industrial Area, Bhiwadi, Rajasthan-301019 after receiving permission to operate Factory from the concern departments.

2.17 Segment Reporting

An operating segment is one whose operating results are regularly reviewed by the entity's chief operating decision maker to make decisions
about resources to be allocated to the segment and assess its performance. The Company has identified the chief operating decision maker as
its Managing Director. The Chief Operating Decision Maker reviews performance of honey processing business on an overall business.

The Company has only one business segment i.e. Ferrous/Non-Ferrous Metals and its products as per Ind AS 108.

2.18 RE-GROUPED/ARRANGED

The Previous year's figures have been reworked, re-grouped, re-arranged and reclassified wherever necessary. Amounts and other disclosures
for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and
other disclosures relating to the current year.