2.13 Provisions, Contingent Liabilities, Contingent Assets and Commitments

A. 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.

B. Contingent liabilities

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by occurrence
or non-occurrence of one or more uncertain future events not wholly within the control of the company or a present obligation that arises from past events
where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount can not be made.

C. Contingent assets

Contingent assets are disclosed, where an inflow of economic benefit is probable.

Provisions, contingent liabilities and contingent assets are reviewed at each balance sheet date.

2.14 Cash flow statement

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

2.15 Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number
of equity shares outstanding during the period.

2.16 Dividend to Equity Shareholders

Dividend to equity shareholders is recognised as a liability and deducted from shareholder's equity in the period in which the dividends are approved
by the equity shareholders in the general meeting.

* The reason for variation in the Ratios in excess of 25% are as follows :

The cost of production was higher in comparison to the previous year which resulted in a lower net profit for the year.

The trade receivables were higher due to the year end sales. This has resulted in the variation in the above ratios.

30 Previous year's figures have been re-grouped/re-arranged wherever found necessary.

In terms of our report of even date attached.

For DIYALI B AND ASSOCIATES For and on behalf of the Board of Directors

Chartered Accountants
Firm Regn No. 017740S

DIYALI B Ajeet Kumar Bhandari Anil Kumar Bhandari

Proprietor Managing Director Wholetime Director

Membership No. 242354 DIN : 01023609 DIN : 02722372

Place : Chennai

Date : 30th May 2024 Shiv Ratan Jhawar

UDIN : 24242354BKFAOP2378 Company Secretary