1.2.17 Provisions and Contingent Liabilities

Provisions are recognised when the company has
a present obligation (legal or constructive) because
of a past event, for which it is probable that a cash
outflow will be required, and a reliable estimate can
be made of the amount of the obligation. When a
provision is measured using the cash flows estimated
to settle the present obligation, it’s carrying amount
is the present value of those cash flows (when the
effect of time value of money is material). These are
reviewed at each Balance Sheet date and adjusted to
reflect the current best estimates.

When the Company expects some or all the provision
to be reimbursed, the reimbursement is recognised as
a separate asset, but only when the reimbursement is
virtually certain. The expense relating to a provision is
presented in the Statement of Profit and Loss net of
any reimbursement.

Contingent liabilities are disclosed when the
company has a possible obligation, or a present
obligation and it is probable that an outflow of
resources will not be required to settle the obligation,
or the amount of obligation cannot be measured with
sufficient reliability.

1.2.18 Recent pronouncements:

The Ministry of corporate Affairs ("MCA") notified
amendments on 7 May 2025 and 13 August 2025
under the Companies (Indian Accounting Standards)
Amendment Rules, 2025 and the Companies (Indian
Accounting Standards) Second Amendment Rules,
2025, respectively, which is effective from annual
reporting periods beginning on or after 1 April 2025.

(a) Amendment to Ind AS 7 and Ind AS 107 -
Supplier Finance Arrangement:

The amendments to Ind AS 7 'Statement of Cash
Flows' and Ind AS 107 'Financial Instruments:

Disclosures clarify the characteristics of supplier
finance arrangements and require additional
disclosures for such arrangements. The
disclosure requirements in the amendments are
intended to assist users of financial statements
in understanding the effects of supplier finance
arrangements on an entity’s liabilities, cash
flows and exposure to liquidity risk.

The Company does not have any supplier finance
arrangements during the reporting period.

(b) Amendment to Ind AS 1 - Classification of
liabilities as current or non-current and non¬
current liabilities with covenants:

The amendment specifies the requirements for
classifying liabilities as current or non-current in
the balance sheet, and clarifies the following:

a) An entity's right to defer settlement of a
liability for at least twelve months after
the reporting period must have substance
and must exist at the end of the reporting
period. The classification of a liability as
current or non-current is unaffected by the
likelihood that the entity will exercise its
right to defer settlement.

b) If an entity's right to defer settlement of
a liability is subject to covenants, such
covenants affect whether that right exists
at the end of the reporting period only
if the entity is required to comply with
the covenant on or before the end of the
reporting period.

c) In case of a liability that can be settled,
at the option of the counterparty, by
the transfer of the entity's own equity
instruments, such settlement terms do not
affect the classification of the liability as
current or non-current only if the option is
classified as an equity instrument.

These amendments have no effect on the
measurement of any items in the financial
statements of the Company. The Company did
not make retrospective adjustments as a result
of adopting the amendments to Ind AS 1.

(c) Amendment to Ind AS 12 - Pillar-Two Tax
Reforms

The Company is not within the scope of the
OECD Pillar Two Model Rules, as Pillar Two
legislation has not yet been enacted in any of
the jurisdiction in which the Company operates.

2.02.1 The Company holds an investment in an Associate, Kitex USA LLC, which amounts to Rs 2,776.24 lakhs as on March 31,2026
(March 31, 2025: Rs. 2,776.24 lakhs).The Associate's net worth has been fully eroded as on that date. The management of the
Company has evaluated the fair valuation of the investments in the Associate by considering various factors including product
mix optimization, service led income de-risking and the expected bilateral treaties with US and Europe which is expected to
serve as a positive catalyst in enhancing cost competitiveness, unlocking demand visibility and expanding sales volume and
margins. Further the management of the Company believes that basis the above valuation performed based on the forecasted
future revenue growth and projected cash flows with higher contribution margins that the fair value of the investment in the
Associate is higher than the carrying value. Hence, no material adjustments would be required to be made to the carrying value
of the investments in the Associate in the standalone financial statements of the Company for the year ended March 31,2026.

2.02.2 Represents the fair value of corporate guarantee given to Kitex Apparel Parks Limited on behalf of its borrowings in an earlier
financial year. In accordance with Ind AS 109, the fair value of the guarantee has been recognized as an additional cost of
investment in the Company.

2.03.1 Company amended agreement on unsecured loan granted to wholly owned subsidiaries on March 31,2024 thereby extending
the due date of payment by further 5 years. Loans carry interest rate of 8.13%. Refer Note 2.38 for Related Party disclosures.

2.03.2 Pursuant to the approval of Board of Directors in its meeting dated March 24 2026, Company have entered into an agreement
with subsidiary Company M/s. Kitex Apparel Parks Limited as on March 31,2026 for conversion of Receivables into unsecured
loans bearing simple interest at the rate of 1% above the rate of interest of borrowings from financial institutions of the Subsidiary
Company and repayable along with interest at the end of 2 years.

2.03.4 Refer Note 2.37 for information about credit risk and market risk for loans

2.03.5 i) In line with Circular No 04/2015 issued by Ministry of Corporate Affairs dated 10/03/2015, loans given to employees as per

the Company’s policy are not considered for the purposes of disclosure under Section 186(4) of the Companies Act, 2013.

ii) There are no loans or advances in the nature of loans granted to promoters, Directors, KMPs and their related parties (as
defined under Companies Act, 2013), either severally or jointly with any other person, that are:

(a) repayable on demand; or

(b) without specifying any terms or period of repayment

2.03.06 All of the wholly owned subsidiaries hold significant land whose fair market value is substantially higher than its carrying
value. Management is currently evaluating the future business prospects of these companies and, based on this
assessment, has concluded that the loans extended to them are good and recoverable

2.07.01 The Company has not given any advances to directors or other officers of the Company or any of them either severally or
jointly with any other persons or advances to firms or private companies respectively in which any director is a partner or a
director or a member.

2.07.02 Balance with Government authorities include Rs 325.05 Lakhs (March 31, 2025: Rs 325.05 Lakhs) which are deposits paid
against ESI, Customs and EPF Cases. Company have received favourable orders in all these cases and management is currently
in the process of applying for refunds.

2.09.1 (i) Trade receivables includes amounts due from related parties Rs. 2,104.37 lakhs (March 31, 2025: Rs. 12,881.12

lakhs). See note 2.38.

(ii) Trade receivables are non-interest bearing and are generally on credit terms not exceeding 90 days.

(iii) There are no outstanding receivables due from directors or other officers of the Company. No trade or other receivables are
due from directors or other officers of the Company either severally or jointly with any other person.

(iv) Refer Note 1.2.9 for material accounting policy relating to financial instruments

(v) Refer Note 2.37 for information about credit risk and market risk for trade receivables

2.09.2 During 2017-18, TOYS "R" US, Inc., a customer of the Company had filed a petition in the Bankruptcy Court in the United States
to wind down its US operation. Provision of Rs. 347.03 lakhs was made for the receivables towards loss, if any on recovery of
receivables in the same year. After the hearings at the US Bankruptcy court on September 6, 2018 and November 13, 2018, Plan
submitted under Chapter 11 was confirmed. The claim allowed to the Company aggregates to Rs 7,539.29 lakhs. Consequently,
the provision carried in the books of Rs. 347.03 lakhs was written back during 2018-19. Later, Company has received interim
disbursements of Rs 1904.13 lakhs in earlier years from the liquidator of TOY"R" US, Inc. Trade receivables includes Rs
410.35 lakhs (March 31, 2025: Rs 410.35 lakhs) receivable from TOYS R US as on March 31, 2026 which is considered good
and recoverable.

2.09.5 Company has accounted receivable denominated in Foreign currency to the tune of Rs. 1,223.54 lakhs (9,218.49 Lakhs as
on March 31, 2025) which is outstanding for more than one year. Company has taken adequate measures to regularize the
delay with AD Bank for compliance with the provision of Foreign Exchange Management Act, 1999 (FEMA) read with rules
notified therewith

2.09.6 There are no debts due by directors or other officers of the Company or any of them either severally or jointly with any other
person or debts due by firms or private companies respectively in which any director is a partner or a director or a member.

2.12.1 There are no other current financial assets as at March 31,2026 and March 31,2025 which have significant increase in credit
risk or which are credit impaired

2.12.2 Represents Technology upgradation fund scheme subsidy receivable from Ministry of Textiles Rs. 741.95 Lakhs (March 31,
2025: 741.95 Lakhs). The Honourable High Court has ruled in favour of the Company, pursuant to which a partial recovery of
Rs. 374.56 Lakhs was received during FY 2024-25, with the balance remaining unrealised. The Company has filed a Writ of
Contempt before the High Court for non-compliance of the said order, in response to which the Textile Commissioner issued a
formal order in February 2026 directing the Company and the concerned banks to respond. The Company is in the process of
compiling the requisite documents in coordination with the Bank and the Joint Implementation Team (JIT) for submission to
the Textile Commissioner. Based on the favourable court order, partial receipt evidencing operative effect of the order, active
contempt proceedings, and direct engagement of the Textile Commissioner, the Management is confident of recovering the
balance amount within 12 months and accordingly considers the receivable fully recoverable. No provision has been made
against the said receivable.

2.14.1 Terms / rights attached to equity shareholders

The Company has only one class of shares referred to as equity shares with a face value of Re. 1/- each. Each holder of equity
share is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. The dividend proposed /
declared by the Board of Directors is subject to approval / regularisation of the shareholders in the Annual General Meeting. In
the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company
after distribution of all preferential amounts, in proportion to the number of equity shares held by the shareholders.

2.14.2 Authorised share Capital

During the year, the Board of Directors of the Company, at its meeting held on 4 August 2025, approved the proposal to increase
the authorised share capital of the Company from Rs. 2,500 lakhs to Rs. 5,000 lakhs, comprising 250,000,000 additional equity
shares of Rs. 1 each, subject to the approval of the shareholders. The shareholders subsequently approved the increase in the
authorised share capital. Accordingly, the authorised share capital of the Company was increased from Rs. 2,500 lakhs to Rs.
5,000 lakhs, comprising 250,000,000 additional equity shares of Rs.1 each.

2.14.7 No shares are reserved for issue under ESOPs, options, or conversion rights as on March 31,2026 (Nil as on March 31,2025).

2.14.8 During the year Company have paid dividend to the shareholders amounting to Rs 0.5 per share (Rs 1.5 per share in FY 2024¬
25). Further, at the Board of Directors' meeting originally held on May 29, 2026, and subsequently adjourned and concluded on
May 30, 2026, the Board proposed a final dividend of Rs 0.50 per share in respect of the year ended March 31, 2026 subject
to the approval of shareholders at the Annual General Meeting. The proposal if approved, would result in a cash outflow of
approximately Rs.997.50 Lakhs (Refer Note 2.45).

2.15.1 Description of nature and purpose of each reserve

(i) Capital reserve : Capital reserve denotes investment subsidy received by the Company amounting to Rs. 22.10 lakhs
(31.03.2025: Rs. 22.10 lakhs).

(ii) General reserve : General reserve is created from time to time by way of transfer of profits from retained earnings for
appropriation purposes. General Reserve is created by a transfer from one component of equity to another and is not an
item of comprehensive income.

(iii) Equity instruments through other comprehensive income: This represents the cumulative gains and losses arising on the
revaluation of equity instruments measured at fair value through other comprehensive income, under an irrevocable option,
net of amounts reclassified to Other equity when such assets are disposed off.

(iv) Retained Earnings : Retained earnings represent the cumulative profits of the Company, including effects of remeasurement
of defined benefit obligations, net of dividend distributions and other appropriations to specific reserves. These earnings
are available for distribution to shareholders as dividends and for reinvestment into the business operations.

Notes to Borrowings :

(a) The Company has availed export packing credit loan for working capital which is secured by first charge over the entire current
assets of the Company, both present and future and immovable fixed assets i.e.; equitable mortgage over 25.44 acres of the
land and building belonging to the Company also hypothecation charge over the other fixed assets of the Company excluding
the value of land & building and vehicles. The short term loans are repayable on demand and are re-drawable subsequently
after repayment.

(b) The Company has availed Working Capital Term loans which is secured by first charge over the entire current assets of the
Company, both present and future, second charge over immovable fixed assets i.e.; equitable mortgage over 25.44 acres of the
land and building belonging to the Company also hypothecation charge over the other fixed assets of the Company excluding the
value of land & building and vehicles. Company have been granted a moratorium period of 12 months for repayment of term loans.

2.21.2 The Company has taken steps to identify the suppliers who qualify under the definition of micro and small enterprises, as
defined under the Micro, Small and Medium Enterprises Development Act 2006. Intimations have been received from some
of the suppliers regarding their status under the said Act as at March 31, 2026, based on which, principal amount unpaid to
such suppliers as at the year end aggregating to Rs.233.33 lakhs (March 31, 2025: Rs.377.89 lakhs) has been included under
Trade payables. In the opinion of the management, the impact of interest, if any, which may be payable in accordance with the
provisions of the Act, is not expected to be material.

2.27.1 The Company is in receipt of the Government Grant/Assistance as defined under Ind AS 20 - 'Accounting for Government
Grants and Disclosure of Government Assistance’ as under:

(i) Grants in the nature of Merchandise Export Incentive Scheme, Rebate of State & Central Taxes and Levies, Remission on
Duties and Taxes on Exported Products and Duty Drawback are disclosed under the head 'Export Entitlements' in other
operating revenue.

(ii) Grants in the nature of re-imbursement of expenditure under the ISDS Project is deducted from the heads of related expenses.

(iii) EPCG authorisation is obtained by the Company from Directorate General of Trade as import duty waiver over procurement
of capital goods defined in Foreign Trade Policy 2015-20. The Company has deferred the grant in the books and it will be
amortised in the books as and when the conditions attached (export obligation) to authorisations are fulfilled.

2.27.2 Support service income Rs. 30 Lakhs (March 31, 2025: Rs. 411.62 Lakhs) represents administrative and payroll support
services provided to subsidiary Company "Kitex Apparel Parks Limited”. These charges are recovered on an arm’s-length basis.
Refer Note 2.38

2.27.3 During the year Rs. 679.04 Lakhs (March 31, 2025: Rs. 533.45 Lakhs) was recognized as income toward the corporate
guarantee provided by the Company to banks in respect of term loans availed by subsidiary Company "Kitex Apparel Parks
Limited". Refer Note 2.38

2.35 Segment Reporting

The Company's operations predominantly relate to one operating segment i.e. Textile - Infant / Kids Apparel manufacturing. The Chief
Operating Decision Maker (CODM) reviews the operations of the Company as one operating segment. Hence, no separate segment
information has been furnished herewith.

2.35.1 Information about products and services: The Company earns revenue from only a single group of product and service viz.
Textile Business comprising of sale of garments and fabrics products / services.

2.36 Fair Value Measurement

Fair value of the financial instruments is classified in various fair value hierarchies based on the following three levels:

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

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

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

The fair value of trade receivables, trade payables and other Current financial assets and liabilities is considered to be equal to the
carrying amounts of these items due to their short-term nature.

There were no transfers between Level 1 and Level 2 during the year.

Fair value hierarchy of financial instruments measured at fair value on a recurring basis is as follows:

2.37 Financial Risk Management - Objectives and Policies

The Company’s business activities are exposed to a variety of financial risks, namely liquidity risk, market risk, credit risk and
other price risk. The Company's senior management has the overall responsibility for establishing and governing the Company's
risk management framework. The Company has constituted a Risk Management Committee, which is responsible for developing
and monitoring the Company's risk management policies. The Company's risk management policies are established to identify and
analyse the risks faced by the Company, to set and monitor appropriate risk limits and controls, periodically review the changes in
market conditions and reflect the changes in the policy accordingly. The key risks and mitigating actions are also placed before the
Audit Committee of the Company.

1) Liquidity risk

Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities. The
Company’s approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due without
incurring unacceptable losses. In doing this, management considers both normal and stressed conditions.

The Company maintained a cautious liquidity strategy, with a positive cash balance throughout the period ended 31^st March,
2026 and 31^st March, 2025. Cash flow from operating activities provides the funds to service the financial liabilities on a
day-to-day basis.

The Company regularly monitors the rolling forecasts to ensure it has sufficient cash on an on-going basis to meet operational
needs. Any short-term surplus cash generated, over and above the amount required for working capital management and other
operational requirements, is retained as cash and cash equivalents (to the extent required) and any excess is invested in interest
bearing term deposits and other highly marketable debt investments with appropriate maturities to optimise the cash returns on
investments while ensuring sufficient liquidity to meet its liabilities

2) Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk: interest rate risk, currency risk, and other price risk, such as equity price risk
and commodity risk.

The Company’s financial instruments affected by market risk include trade receivables, trade payables and borrowings (including
short-term packing credit). The objective of market risk management is to manage and control market risk exposures within
acceptable parameters, while optimizing the return.

The Company’s management committee oversees the management of these risks, supported by a treasury department that
identifies, evaluates, and hedges financial risks. The following sections provide a sensitive analysis of the key components of
market risk as at the reporting date.

a) Foreign currency risk

The Company undertakes transactions denominated in foreign currency (mainly US Dollar) which are subject to the
risk of exchange rate fluctuations. Financial assets and liabilities denominated in foreign currency, are also subject to
reinstatement risks.

ii) Foreign currency sensitivity analysis

The following table details the Company’s sensitivity to a 1% increase and decrease in the rupee against the relevant
foreign currencies . The sensitivity analysis includes only outstanding foreign currency denominated monetary
items and adjusts their translation at the year-end for a 1% change in foreign currency rates, with all other variables
held constant.

b) Interest rate risk

The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion of the
loans and borrowings effected. With all other variables held constant, the Company's profit before tax is affected through
the impact on floating rate borrowings as follows :

c) Other Price Risk (Commodity Risk)

The Company is exposed to fluctuations in the prices of raw materials used in its operations. However, such exposure does
not arise from financial instruments and, accordingly, no separate commodity price risk sensitivity analysis is presented
under Ind AS 107.

3) Credit risk

Credit risk refers to risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company.
The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. Management
considers that the demographics of the Company’s customer base, including the default risk of the industry and country in which
customers operate, has less of an influence on credit risk. Credit risk is managed through credit approvals, establishing credit
limits and continuously monitoring the credit worthiness of the customers (including related parties) to which the Company
grants credit terms in the normal course of the business.

Capital Management

For the purpose of the Company’s capital management, capital includes issued capital and all other equity reserves attributable
to the equity shareholders of the Company. The primary objective of the Company when managing capital is to safeguard its
ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value.

The Company’s financial strategy aims to support its strategic priorities and provide adequate capital to its businesses for growth
and creation of sustainable stakeholder value. The Company funds its operations through internal accruals. The Company aims
at maintaining a strong capital base largely towards supporting the future growth of its businesses as a going concern.

As at March 31,2026, the Company has only one class of equity shares. The company is not subject to any externally imposed
capital requirements.

Terms and conditions of transactions with related parties

All Related Party Transactions entered during the year were in ordinary course of the business and on arm’s length basis.
Outstanding balances at the year-end are unsecured and settlement occurs in cash. Refer note 2.37A for terms and
conditions of loans given to subsidiaries.

There have been no guarantees provided or received for any related party receivables or payables. For the year ended
31^st March, 2026, the Company has recorded impairment of receivables relating to amounts owed by related parties Rs.
Nil (2024-25: Rs. Nil). This assessment is undertaken each financial year through examining the financial position of the
related party and the market in which the related party operates.

2.40 Lease Accounting
Operating Lease

Office premises are hired on operating lease. There is no escalation clause in the lease agreement. All of the material lease agreements
entered by the Company are for term less than one year, hence Company have opted for the exception from the requirements of IND
AS 116. There are no restrictions imposed by lease arrangements. There are no subleases.

2.41.2 The above demands are disputed by the Company and matters pending in appeal before appellate authorities in various
stages. In the opinion of the management and based on legal advice received the company is hopeful of getting full relief and
hence no provision has been made thereof.

2.41.3 The Company has purchased capital assets under Export Promotion Capital Goods license against which the Company has
an export obligation of six times of duty saved. Contingent liability, to the extent of duty saved in respect of EPCG is Rs 71.97
Lakhs (Rs.77.59 Lakhs) . The export obligation to be fulfilled as per license is upto six years from date of issue of EPCG licence.

2.41.4 The Company has a process whereby periodically all long term contracts are assessed for material foreseeable losses. At the
year end, the Company has reviewed and there are no long term contracts for which there are any material foreseeable losses.
The Company has ensured that adequate provision as required under any law/ accounting standards for material foreseeable
losses on derivative contracts has been made in the books of accounts.

2.43 Capital & Other Commitments

Estimated amount of contract remaining to be executed on capital account (net of advances): Rs. 601.80 lakhs (31.03.2025:
Rs.578.66 lakhs).

2.44 In the opinion of the Directors, short term loans and advances and other current assets, have the value at which they are stated
in the balance sheet, if realised in the ordinary course of business.

2.45 Subsequent event

Dividends declared by the Company are based on the profit available for distribution. Distribution of dividends out of general reserve
and retained earnings is subject to applicable tax deducted at source (TDS). On May 30 ,2026 Board of Directors of the Company have
proposed a final dividend of Rs 0.50 per share in respect of the year ended March 31,2026 subject to the approval of shareholders at
the Annual General Meeting. The proposal if approved, would result in a cash outflow of approximately Rs.997.50 Lakhs. The same
has not been disclosed as a liability as on March 31,2026.

2.46 Note on Ultimate Beneficiaries

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(s) or entity(ies), including foreign entities ("Intermediaries”) with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall directly or indirectly lend or invest in party identified by or on behalf
of the Company (Ultimate Beneficiaries) or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

The Company has not received any fund from any person(s) or entity(ies), including foreign entities (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 Funding Party (Ultimate Beneficiaries) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

2.47 Note on Audit Trail

The Company has used two accounting softwares for maintaining its books of account which has a feature of recording audit trail
(edit log) facility and has been operated throughout the year for all relevant transactions recorded in the software and same has not
been tampered with except

• for one of the software the database is maintained by third party service provided and in absence of independent auditors report,
management is unaware whether audit trail feature is enabled in database maintained by the third party.

• For one of software audit trial feature was not enabled for FY 2025-26

Additionally, the audit trail of prior years has been preserved by the Company as per the statutory requirements for record retention to
the extent it was enabled and recorded in previous years

2.48 Note on Backup

The Company maintains its books of account and other statutory records in electronic mode through various software applications. In
respect of one of the software used for maintaining books of account and other books and papers in electronic mode, the Company
has not been able to demonstrate that daily back-up of such records is being maintained on servers physically located in India, as
required under the Companies (Accounts) Rules, 2014, as amended.

The Company is in the process of reviewing and strengthening its data backup policies and infrastructure to ensure full compliance
with the applicable regulatory requirements. The management does not expect this to have any material impact on the integrity or
accuracy of the financial statements or the underlying records.

2.49 Other Disclosures

(a) Relationship with Struck off Companies under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
- The Company does not have any transactions or relationships with any struck off Companies

(b) Details of Benami Property held - The Company does not have any Benami property, where any proceeding has been initiated or
pending against the company for holding any Benami property.

(c) Undisclosed income - The Company does not have any undisclosed income which is not recorded in the books of account that
has been surrendered or disclosed as income during the year / previous year in the tax assessments under the Income Tax Act,
1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(d) Registration of charges or satisfaction with Registrar of Companies - The Company does not have any charges or satisfaction
which is yet to be registered with ROC beyond the statutory period.

(e) Crypto currency / Virtual Digital Assets: The Company has not traded, invested in, or held any crypto currency or Virtual Digital
Assets (as defined under Section 2(47A) of the Income Tax Act, 1961 inserted by the Finance Act 2022) during the financial year
ended 31 March 2025 and in any prior year. No gains or losses in relation to virtual digital assets have been recognised in the
financial statements. No amounts have been paid to any person for transfer of virtual digital assets.”

(f) Compliance with approved Scheme(s) of Arrangements - The Company has not entered into any scheme of arrangement which
has an accounting impact on current or previous financial year.

(g) The Code on Social Security 2020 - On November 21,2025, the Government of India has consolidated 29 existing labour legislations
into a united framework comprising four Labour codes viz Code on wages 2019, Code on Social Security 2020, Industrial Relation
Code 2020 and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes).
The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due
to changes in regulations. The Company is already in compliance with the basic wages criteria as prescribed under New Labour
Codes for own employees and there is no material impact on the Company. The Company will continue to monitor the finalisation
of Central and state rules and government clarifications to recognise any financial impact as appropriate.

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

2.50 Previous year figures, unless otherwise stated are given within brackets and have been re-grouped and recast wherever
necessary to be in conformity with current year’s disclosure. The impact of such reclassification/ regrouping is not material to the
standalone financial statements.

2.51 Board of Directors of the Company has adopted and approved the standalone financial statements on the board meeting
dated 30 May, 2026