12. PROVISIONS AND CONTINGENCIES

The Company creates a provision when there is present obligation as a result of a past event that probably requires an outflow of
resources and a reliable estimate can be made of the amount of the obligation. 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. When 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.

Provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate. If it is no longer probable that
the outflow of resources would be required to settle the obligation, the provision is reversed.

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

Loss contingencies arising from claims, litigation, assessment, fines, penalties, etc. are recorded when it is probable that a liability
has been incurred and the amount can be reasonably estimated.

13. segment reporting

(i) Business Segment

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 is manufacturing of Steel products. Accordingly, the figures appearing in these
financial statements relate to the Company’s single Business Segment.

(ii) Geographical Segment

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

14. CASH FLOW STATEMENTS

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of non-cash
nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated
with investing or financing cashflows. Cashflows from operating, investing and financing activities of the Company are segregated,
accordingly.

T he Above Cash Flow Statement has been prepared under the indirect method as prescribed under the Accounting Standard 3 on " Cash Flow
Statement issued by The ICAI

Figure in Bracket indicate cash outflow.

N otes on Accounts & Significant Accounting Policies
The notes referred to above form an integral part of the Balance Sheet.

For N B T and Co For & on Behalf of the Board of

Chartered Accountants Abha Power and Steel Limited

Firm Registration Number: 140489W

Atish Agarwal Satish Kumar Shah

NehaNuwal Managing Director Whole Time Director

Partner (DIN: 03540841) (DIN: 02324456)

M. No.: 157137
Place: Mumbai
Date:29/05/2025

Naleen Shah Pratibha Patel

CFO Company Secretary

M.NO.-A73052