(S) Provisions, contingent liabilities and contingent assets

(i) Provisions:

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it
is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. The expense relating to a provision is presented in the statement of profit
and loss.

(ii) Contingent liabilities:

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence
or non-occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not
recognised because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability
also arises in extremely rare cases where there is a liability that cannot be recognised because it cannot be measured reliably.
The Company does not recognise a contingent liability but discloses its existence in the financial statements.

(iii) Contingent Assets: Contingent Assets are disclosed, where an inflow of economic benefits is probable.

(T) Investments

On transition to Ind AS, equity investments are measured at fair value, with value changes recognised in Other Comprehensive
Income, except for those mutual fund for which the Company has elected to present the fair value changes in the Statement of Profit
and Loss.

(U) Trade receivables

Trade receivables are recognised initially at their fair value and subsequently measured at amortised cost using the effective interest
method, less provision for expected credit loss.

(V) Trade and other payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year which are unpaid.
Trade and other payables are recognised, initially at fair value, and subsequently measured at amortised cost using effective interest
rate method.

(W) Operating Cycle

Based on the nature of products/activities of the Company and the normal time between acquisition of assets and their realisation in
cash or cash equivalents, the Company has determined its operating cycle as 12 months for the purpose of classification of its assets
and liabilities as current and non current.

(X) Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest Rupees Lacs (upto two decimals),
unless otherwise stated as per the requirement of Schedule III (Division II).

Note No. 38.2 - Corporate Social Responsibility expenditure:

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, COVID-19 relief and rural development projects. The disclosure in respect of CSR expenditure is as below:

(ii) Defined Benefit Plan

(a) Gratuity:

The Company operates gratuity plan wherein every employee is entitled to the benefit equivalent to 15 to 25 days/one month
salary last drawn for each completed year of service depending on the date of joining. The same is payable on termination of
service, retirement or death, whichever is earlier. The benefit vests after 5 years of continuous service.

(b) Major category of plan assets:

The Company has taken plans from Life Insurance Corporation of India

(c) The following tables set out the funded status of the gratuity and leave encashment plans and the amounts recognised in the
Company's financial statements as at 31 March 2025 and 31 March 2024.

44 Leases

The Company's leasing arrangements are in respect of office premises / warehouse. These leasing arrangements, which is mostly cancela¬
ble, range between 11 months to 3 years and are usually renewable by mutual consent at mutually agreed terms & conditions. The lease
payment of Rs.2110.96 lakhs (Previous Year Rs.1440.12lakhs) has been recognised as expenses in the statement of Profit & Loss under the
Note No. “Other Expenses”.

45 Struck Off Companies

Where the company has any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Com¬
panies Act, 1956, the Company shall disclose the following details:-

i) 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 holders. The primary objective of the Company capital management is to maximise the shareholder value.

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 monitors capital using a gearing ratio and is measured by net debt divided by capital employed.
The Company's debt is defined as long term and short term borrowings including current maturities of long term borrowings and total
equity (as shown in balance sheet) includes issued capital and all other reserves.

The Board provides guiding principles for overall risk management, as well as policies covering specific areas such as credit risk, liquidity risk,
price risk, investment of surplus liquidity and other business risks effecting business operation. The company's risk management is carried
out by the management as per guidelines and policies approved by the Board of Directors.

(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. Credit risk encompasses the direct risk of default, risk of deterioration of creditworthiness as well as concentration risks. The Company
is exposed to credit risk from its operating activities (primarily trade receivables), deposits with banks and loans given.

For financial assets the Company has an investment policy which allows the Company to invest only with counterparties having credit rating
equal to or above AAA and AA. The Company reviews the creditworthiness of these counterparties on an ongoing basis. Another source of
credit risk at the reporting date is from trade receivables as these are typically unsecured. This credit risk has always been managed through
credit approvals, establishing credit limits and continuous monitoring the creditworthiness of customers to whom credit is extended in the
normal course of business. The Company estimates the expected credit loss based on past data, available information on public domain
and experience. Expected credit losses of financial assets receivable are estimated based on historical data of the Company. The company
has provisioning policy for expected credit losses. There is no credit risk in bank deposits which are demand deposits. The creditors risk is
minimum in case of entity to whom loan has been given.

The maximum exposure to credit risk as at 31.03.2025, 31.03.2024 and 01.04.2023 is the carrying value of such trade receivables as shown
in note 13 of the financials.

(B) Liquidity Risk

Liquidity risk represents the inability of the Company to meet its financial obligations within stipulated time. To mitigate this risk, the Company
maintains sufficient liquidity by way of working capital limits from banks

(C) Market risk
Foreign currency risk

The Company significantly operates in domestic market, hence very insignificant portion of export and import took place during the years.
Company is mitigating the currency risk by natural and financial hedging.

(D) Price risk

The company is exposed to price risk in basic ingrediants of Company's raw material and is procuring finished components and bought
out materials from vendors directly. The Company monitors its price risk and factors the price increase in pricing of the products.

48 In the opinion of the Board, the current assets, loans & advances have a value realisation, in the ordinary course of business at least equal
to the amount at which they are stated.

49 The balances of Trade Receivables, Trade Payables and Loans and Advances are subject to confirmation and consequential adjustment, if
any.

50 No proceeding has been initiated or pending against the company for holding any benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

51 The Company has neither traded nor invested in crytpo currency or virtual currency during the year.

The fair values of current debtors, cash & bank balances,loan to related party, security deposit to goverment deparment, current creditors and
current borrowings and other financial liability are assumed to approximate their carrying amounts due to the short-term maturities of these
assets and liabilities.

53 The previous year figures have been regrouped/reclassified, wherever necessary to conform to the current presentation as per the schedule
III of Companies Act, 2013.

As per our report attached here with FOR AND ON BEHALF OF BOARD OF DIRECTORS

FOR KANU DOSHI ASSOCIATES LLP
CHARTERED ACCOUNTANTS

Firm's Registration Number: 104746W/W100096

Kunal Vakharia Rajendra V. Agarwal Ajay V. Agarwal

Partner Managing Director Whole-time Director

Membership No.148916 DIN :00227233 DIN :00227279

Place : Mumbai Ashok B. Agarwal Sejal Shah

Date : 27th May, 2025 Chief Financial Officer Company Secretary