i) Working Capital loan from ICICI Bank Ltd. was secured by hypothecation of stocks of raw materials, work-in-progress, finished goods, spares and book debts of the Company and personal guarantee of directors.

ii) Working Capital loan and Channel Financing Account from Yes Bank Ltd. is secured by hypothecation of stocks of raw materials, work-in-progress, finished goods, spares, book debts and current assets of the Company and personal guarantee of directors.

iii) Working Capital loan from Kotak Mahindra Bank Ltd. is secured by hypothecation on First Pari Passu basis on all existing and future receivables, current assets, moveable assets and moveable fixed assets.

iv) Working Capital loan and Demand loan from Axis Bank is secured by way of hypothecation of Stocks & Receivables and all other current assets both present and future of the company including raw materials, work-in-progress, finished goods in the name of the company.

Raw Material Includes wires, Zinc and other related products at factory premises/godown elsewhere and receivables (book debts) and all other current assets . Also, hypothecation of entire Plant and Machinery of the borrower, both present and future on first pari passu basis.

v) Demand loan from Kotak Mahindra Bank Ltd. is secured by hypothecation of First Pari Passu basis on all existing and future receivables, current assets, moveable assets and moveable fixed assets.

35 Other disclosures and additional regulatory informations:

35.1 Contingent Liabilities and Capital Commitments (to the extent not provided for)

In the ordinary course of business, the Company faces claims and assertions by various parties. The Company assesses such claims and assertions and monitors the legal environment on an ongoing basis, with the assistance of external legal counsel, wherever necessary. The Company records a liability for any claims where a potential loss is probable and capable of being estimated and discloses such matters in its financial statements, if material. For potential losses that are considered possible but not probable, the Company provides disclosure in the financial statements but does not record a liability in its accounts unless the loss becomes probable.

The following is a description of claims and assertions where a potential loss is possible, but not probable. The Company believes that none of the contingencies described below would have a material adverse effect on the Company's financial condition, results of operations or cash flow.

(a) All related party transactions entered during the current year, as well as in the previous year, were in the ordinary course of business and on an arm's length basis, in compliance with applicable regulatory and statutory requirements. The transactions with related parties have been entered at an amount that is not materially different from those on normal commercial terms.

(b) No amount has been written back/written off during the year in respect of due to/from related parties.

(c) The amounts due from related parties are good and hence no provision for doubtful debts in respect of dues from such related parties is required.

(d) The remuneration of directors is determined by the nomination and remuneration committee of the Board of Directors considering the performance of individuals and market trends.

(e) Figures in the bracket relate to the previous year.

35.4 Financial instruments - Accounting, Classification and Fair value measurements

B. Fair value hierarchy

The fair value of the financial assets and financial liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

Fair value of cash and cash equivalents, trade receivables, and other current financial assets, and other current financial liabilities is considered to be equal to the carrying amounts of these items due to their short-term nature.

Where such items are Non-current in nature, the same has been classified as Level 3 and fair value determined using adjusted net asset value method.

The fair value of investment in mutual funds has been determined based on quotes from mutual funds/ Asset management companies during the year.

The Company has not classified any material financial instruments under Level 3 of the fair value hierarchy. There were no transfers between Level 1 and Level 2.

The following tables provide the fair value hierarchy of the Company's assets and liabilities measured at fair value on a recurring basis:

There have been no transfers between Level 1 and Level 2 either during the year ended 31st March, 2026 or during the year ended 31st March, 2025.

35.5 Financial risk management objectives and policies

The Company's activities expose it to market risk, liquidity risk and credit risk. The Company's Board of Directors has overall responsibility for the establishment and oversight of the Company's risk management framework. This note explains the sources of risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial statements.

(a) Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. Financial instruments that are subject to concentrations of credit risk materially consists of trade receivables and deposits with Banks.

The impairment for financial assets are based on assumptions about risk of default and expected loss rates. The Company uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on the Company's past history, existing market conditions as well as forward looking estimates at the end of each balance sheet date.

Financial assets are written off when there is no reasonable expectation of recovery, however, the Company continues to attempt to recover the receivables. Where recoveries are made, these are recognised in the Statement of Profit and Loss.

(i) Trade Receivables

All trade receivables are subject to credit risk exposure. Customer credit risk is managed based on Company's established policy, procedures and control relating to customer credit risk management.

Trade receivables are non-interest bearing and are generally on credit terms of upto 90 days.

The Company has used expected credit loss (ECL) model for assessing the impairment loss. For the purpose, the Company uses a provision matrix to compute the expected credit loss amount. The provision matrix takes into account external and internal risk factors and historical data of credit losses. Refer note no. 9 for movement in expected credit loss and trade receivables aging.

An impairment analysis is performed at each balance sheet date on an individual basis for major clients. In addition, a large number of minor receivables are grouped into homogenous groups and assessed for impairment collectively. The maximum exposure to credit risk at the balance sheet date is the carrying value of each class of financial assets disclosed in note no. 9.

The Company does not have significant concentration of credit risk related to trade receivables. 2 single third parties customer contributes to more than 10 % of outstanding accounts receivable as at 31st March, 2026 and no single third parties customer contributes to more than 10 % of outstanding accounts receivable as at 31st March, 2025.

(ii) Balances with banks

Credit risk from balances with banks is managed in accordance with the Company's policy. Investments of surplus funds are made only with approved counter parties.

The Company's maximum exposure to credit risk for the components of the balance sheet as at 31st March, 2026 and 31st March, 2025 is the carrying amounts as stated under note no. 10.

(b) Liquidity risk

Liquidity risk is defined as the risk that the company will not be able to settle or meet its obligation on time or at reasonable price. Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the nature of the business, the Company maintains flexibility in funding by maintaining availability under committed facilities. Management monitors rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis of expected cash flows. The Company takes into account the liquidity of the market in which the entity operates.

The Company has current financial and non-current financial assets which will be realised in ordinary course of business. The Company ensures that it has sufficient cash on demand to meet expected operational expenses.

(c) Market risk

The Company has no international transactions and is not exposed to foreign exchange risk.

Interest rate risk

The Company has no variable rate borrowings, therefore the Company is not exposed to interest rate risk.

(d ) Lien

The fair values of the fixed deposits under lien aggregated to Rs. 351.28 lakh (Rs. 499.67 lakh on 31st March, 2025) which was held as Margin Money against Bank Guarantees/Letter of credits.

35.6 Capital Management

(a) Risk management

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves attributable to the equity share-holders of the Company. The Company's objective when managing capital is to safeguard its ability to continue as a going concern so that it can continue to provide returns to shareholders and other stake holders.

35.7 Employee benefits in accordance with Indian Accounting Standard - 19 " Employee Benefits:

a) Defined Contribution Plan :

Employee benefits in the form of Provident Fund and Employee State Insurance Scheme are considered as defined contribution plan.

The contributions to the respective fund are made in accordance with the relevant statute and are recognised as expense when employees have rendered service entitling them to the contribution. The contributions to defined contribution plan, recognised as expense in the Statement of Profit and Loss are as under :

b) Defined Benefit Plans:

Description of Plans

i) The Gratuity plan is governed by the Payment of Gratuity Act, 1972. Under the said Act, an employee who has completed five years of service is entitled to specific benefit. The Gratuity Plan provides a lumpsum payment to employees at retirement, death, incapacitation or termination of employment. The level of benefits provided depends on the member's length of service and salary at retirement age etc. The

scheme is unfunded.

The following tables summarise the components of net benefit expense recognised in the Statement of Profit and Loss and the unfunded status and amounts recognised in the Balance Sheet for the said plan:

iii) Risks related to defined benefit plans:

Valuations are performed on certain basic set of pre-determined assumptions and other regulatory framework which may vary overtime. Thus, the Company is exposed to various risks in providing the above gratuity benefit which are as follows:

i) Interest Rate risk : The plan exposes the Company to the risk of fall in interest rates. A fall in interest rates will result in an increase in the ultimate cost of providing the above benefit and will thus result in an increase in the value of the liability (as shown in financial statements).

ii) Liquidity Risk : This is the risk that the Company is not able to meet the short-term gratuity payouts. This may arise due to

non-availabilty of enough cash / cash equivalent to meet the liabilities or holding of illiquid assets not being sold in time.

iii) Salary Escalation Risk : The present value of the defined benefit plan is calculated with the assumption of salary increase rate of plan participants in future. Deviation in the rate of increase of salary in future for plan participants from the rate of increase in salary used to determine the present value of oblgation will have a bearing on the plan's liabilty.

iv) Demographic Risk : The Company has used certain mortality and attrition assumptions in valuation of the liability. The

Company is exposed to the risk of actual experience turning out to be worse compared to the assumption.

v) Regulatory Risk : Gratuity benefit is paid in accordance with the requirements of the Payment of Gratuity Act , 1972(as

amended from time to time). There is a risk of change in regulations requiring higher gratuity payouts (e.g. Increase in the maximum limit on gratuity of Rs. 20.00 lakh).

i) The following are the assumptions used to determine the benefit obligation

a) Discount rate: The discount rate indicated above reflects the estimated timing and currency of benefit payments. It is based on the yields / rates available on applicable bonds as on the current valuation date.

b) Rate of escalation in salary : The salary growth rate indicated above is the Company's best estimate of an increase in salary of the employees in future years, determined considering the general trend in inflation, seniority, promotions, past experience and other relevant factors such as demand and supply in employment market, etc.

c) Attrition rate : Attrition rate indicated above represents the Company's best estimate of employee turnover in future (other than on account of retirement, death or disablement) determined considering various factors such as nature of business, retention policy, industry factors, past experience, etc.

ii) The Gratuity and Provident Fund expenses have been recognised under " Contribution to Provident and Other Funds" under " Salaries and Wages" under Note No. 28.

35.8 Expenditure on Corporate Social Responsibilities (CSR) activities in accordance with Section 135 of The Companies Act, 2013:

As per Section 135 of the Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. The areas for CSR activities are eradication of hunger and malnutrition, promoting education, art and culture, healthcare, destitute care and rehabilitation, environment sustainability, disaster relief and rural development projects. A CSR committee has been formed by the company as per the Act. The funds were primarily allocated to a corpus and utilized through the year on these activities which are specified in Schedule VII of the Companies Act, 2013:

35.9 Segment information as per Ind AS 108 - Operating Segments:

The Board of Directors has been identified as the Company's chief operating decision-maker (CODM) as defined by Ind AS 108 - Operating Segments. The Chief Operating Decision Maker (CODM) evaluates the Company's performance and allocates resources based on an analysis of various performance indicators by Business segments. The CODM of the Company evaluates the segments based on their revenue growth, operating income and return on capital employed.

The Company has identified a single reportable business segment i.e. manufacturing, exporting and supplying of Industrial steel wires, galvanized wires and aluminium wires.

35.10 Impairment of Assets in accordance with Indian Accounting Standard-36:

The Company has identified two manufacturing facilities at Sankrail Industrial Park, Jangalpur, PO. Kanduah, Howrah - 711302 as its cash generating units and carried out test for impairement of Assets on the basis of indications set out in Indian Accounting Standard - 36 " Impairment of Assets" at the balance sheet date.

The company did not find any Impairment in its Assets as at 31st March, 2026 and 31st March, 2025.

(d) The quarterly returns and stock statements of current assets filed by the Company with banks are in agreement with the books of accounts.

(e) Disclosures required under Additional regulatory information as prescribed under paragraph 6L to general instructions for preparation of Balance Sheet under Schedule III to the Companies Act, 2013 are not applicable to the Company except as disclosed in Para (a) to (d) above.

35.15 The lease agreement for the factory premises located at Bhubaneswar, Odisha, which was taken by the Company for business expansion purposes, expired on 31st January, 2026 and has not been renewed.

35.16 The provision for disputed entry tax liability has been made @75% for the outsanding tax amounting to Rs.250.07 lakh for the year 2013-14 to 2017-18 under The West Bengal Sales Tax (Settlement of Dispute) (Amendment) Act, 2025.

35.17 The Government of lndia has consolidated 29 existing labour legislations into a unified framework comprising four labour codes viz the Code on Wages, 2019, the Code on Social Security,2020, the lndustrial Relations Code, 2020, and the Occupational Safety, Health and Working Conditions Code,2020 (collectively referred to as the "Codes"). The Codes have been made effective from 21st November, 2025. The Ministry of Labour & Employment published draft Central Rules and FAQS to enable assessment of the financial impact due to changes in regulations.

The incremental impact of these changes is not material and has been recognised in the financial statements of the Company. Once Central/ State Rules are notified by the Government on all aspects of the Codes. the Company will evaluate impact, if any, on the measurement of employee benefits and would provide appropriate accounting treatment

35.18 The previous year's have been rearranged wherever necessary. Amounts and other disclosures for the preceding year is 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.