p) Provisions and Contingent liabilities and asset

"A provision is recognized when the Company has a present obligation as a result of past event and it is
probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate
can be made. Provisions are not discounted to its present value (except retirement benefits) and are determined based
on best estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet
date and adjusted to reflect the current best estimates. 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 likelihood of outflow of resources is remote, no
provision or disclosure is made.

A Contingent Asset is neither recognized nor disclosed in the financial statements."

q) Events after Balance Sheet

Events occurring after the balance sheet date that indicate that an asset may have been impaired, or that a
liability may have existed, at the balance sheet date are, therefore, taken into account in identifying contingencies and
in determining the amounts at which such contingencies are included in financial statements.

r) The various figures of financial statement have been regrouped or reclassified wherever necessary.

H) Shares reserved for issue under options and contracts/commitments for the sale of shares/disinvestment, including the terms and amounts -

I) For the period of five years immediately preceding the date as at which the Balance Sheet is prepared:

a) Aggregate number and class of shares allotted as fully paid-up pursuant to contract(s) without payment being received in cash. - Nil

b) Aggregate number and class of shares allotted as fully paid-up by way of bonus shares - Nil

c) Aggregate number and class of shares bought back - Nil

J) terms of any securities convertible into equity/preference shares issued along with the earliest date of conversion in descending order starting
from the farthest such date - Nil

K) Calls unpaid (showing aggregate value of calls unpaid by Directors and officers) - Nil

L) Forfeited shares (amount originally paid-up) - Nil

Note 30: Events occurring after Balance Sheet Date

There are no events subsequent to the balance sheet date, which require adjustment of, or disclosure in the
Financial statements.

Note 31: Segment Reporting

The Company is operating only in one segment i.e. Micro Irrigation Systems. Hence Segment Reporting is not
applicable.

Note 32: Provisions and Contingent Liabilities
Provisions

Provisions involving judgments and estimation in measurement of expenses are recognized when there is a present
obligation as a result of past events and it is probable that there will be an outflow of resources.

(i) The Company’s E-Way Bill data and GSTR-3B returns reflect certain differences primarily due to timing
variations. Though company has provided explanations for such differences, the matter is still pending with GST

Not 33: Relationships with Struck- Off companies

During the year, the Company had no transactions with struck off companies.

Note 34: Recent Accounting Pronouncements

There are no standards of accounting or any addendum thereto, prescribed by Ministry of Corporate Affairs under
section 133 of the Companies Act, 2013, which are issued and not effective as at March 31, 2025.

Note 38 Other Statutory Information

a) The Company does not have any Benami property, where any proceeding has bee initiated or pending against the Company for holding any Benami property.

b) The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year/period.

c) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

d) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the
period/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).

The Company has not been declared a willful defaulter by any bank or other lender (as defined under the Companies Act, 2013), in accordance with the guidelines on

e)

willful defaulters.

f) The Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken.

The Company is in compliance with the number of layers prescribed under Clause (87) of Section 2 of the Companies Act read with the Companies (Restriction on

g)

number of Layers) Rules, 2017.

As per our report of even date For RM Drip and Sprinklers Systems Limited

Chartered Accountant

Aakash Mehta Nivrutti Pandurang Kedar Somnath K. Date

Partner Managing Director Director

M. No. 165824 DIN: 06980548 DIN : 09843323

Place: Mumbai

Date:13.05.2025

UDIN: 25165824BMMGY8711

Kiran Ramdas Chavan Gracy Vijay Kale

Chief Financial Officer Company Secretary

M. No. A65551