(j) Contingent liabilities and provisions

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.

A disclosure is made for a contingent liability when there is a:

a) possible obligation, the existence of which will be confirmed by the occurrence/non-occurrence of one
or more uncertain events, not fully with in the control of the Company;

b) present obligation, where it is not probable that an outflow of resources embodying economic benefits
will be required to settle the obligation;

c) present obligation, where a reliable estimate cannot be made.

A provision is recognised when the Company has a present obligation as a result of past events, 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. Provisions are not
disclosed to their present value and are determined based on best estimates required to settle the
obligation at the reporting date. These estimates are reviewed at each reporting date and are adjusted to
reflect the current best estimates.

(k) 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. The
weighted average numbers of equity shares are adjusted for events such as bonus issue, bonus element in
the rights issue, share split and reverse share split (consolidation of shares) that have changed the number
of equity shares outstanding, without corresponding change in resources.

For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to
equity shareholders and the weighted average number of shares outstanding during the period are adjusted
for the effects of all dilutive potential equity shares.

(l) Cash, Cash Equivalents and Bank Balances

Cash, Cash Equivalents and Bank Balances for the purpose of Cash Flow Statement comprise Cash at
Bank, Cash in Hand, Cheques / Drafts in Hand, Deposits with Bank within 12 months maturity and
other permissible instruments as per Accounting Standard AS-3.

(m) Borrowing Cost:

Borrowing Cost attributable to the acquisition or construction of a qualifying asset is capitalized as part of
the cost of the asset. Other borrowing costs are recognized as an expense in the period in which they are
incurred.

(n) Segment Information:

Based on the principles for determination of segments given in Accounting Standard 17 “Segment
Reporting” issued by accounting standard notified by Companies (Accounting Standard) Rules, 2008, the
Company is mainly engaged in the activity surrounded with main business of the Company hence there is
no reportable segment

(o) Leases

Operating leases - As a lessee

Leases in which a significant portion of the risks and rewards of ownership are retained by the lessor
are classified as operating leases. Payments made under operating leases are charged to Statement of
Profit and Loss on a straight-line basis over the period of lease.

(p) Others

Amounts related to previous years, arisen / settled during the year have been debited / credited to
respective heads of accounts.

(b) Equity Shares

The Company has one class of equity shares having par value of ? 10 per share. Each holder of equity shares is entitled to one vote per share. All shareholders are equally entitled to
dividend. In the event of liquidation, the equity shareholders are entitled to receive remaining assets of the Company (after distribution of all preferential amounts, if any) in the
proportion of equity shares held by the shareholders.

30 Balances appearing under loans & advances, trade receivables, trade payables, current assets and current liabilities are subject to confirmation in certain cases.

31 The Company has not filed the Income Tax Return (“ITR”) under section 139 of the IT Act and Tax Audit Report (“TAR”) under section 44AB of the IT Act for the assessment
year 2023-24, 2024-25 and 2025-26.

32 As per the inventory risk management policy introduced by the management during the year, a provision of Rs. 175.56 lacs (Previous year Rs. 237.01 lacs) have been recognized on
account of slow moving and/or non-moving inventory in the books of account and a provision of Rs. 203.03 lacs reversed during the year.

33 The Company had given advances amounting to Rs. 1,150.40 lacs during the course of business wherein the Company is not able to track the progress of the work being assigned.
Subsequently, the management has issued legal notices to the respective parties as a recovery proceeding against the advances being given.

34 The Company had a credit facility of Rs. 170.00 lacs with ICICI Bank Limited, secured by creating a charge on 2 (two) immovable properties owned by directors of the Company.
As on the date of notice, an aggregate amount of Rs. 171.56 lacs were outstanding against this loan. On 1 December 2023, the bank declared the loan as Non-Performing Assets
(“NPA”) and subsequently, attached one of the properties for recovery of the outstanding amount. Further, the notice for symbolic possession was issued by the bank on 3 April
2024. The outstanding balance of the credit facility as on 31 March 2026 is Rs. 140.79 lacs (previous year Rs 127.15 lacs).

In response, the Company has applied to the Debt Recovery Tribunal-1 ("DRT") at Ernakulam to challenge the property attachment process. The application was submitted on 22
April 2024. Currently, the matter is pending for hearing before the DRT, and the next hearing date has been fixed on 22 May 2026.

36 In opinion of the Board, the loans & advances and other current assets have a value, which if realized in the ordinary course of business, will not be less than the value stated in

the Balance Sheet.

37 Additional regulatory information

(i) There are no proceedings that have been initiated or pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions
Act, 1988 (as amended from time to time) (earlier Benami Transactions (Prohibition) Act, 1988) and the rules made thereunder.

(ii) The Company has not been declared wilful defaulter by any bank or financial institution or other lender.

(iii) There are no transactions / relationship with struck off companies.

(iv) The Company does not have any transaction not recorded in the books of accounts that has been surrendered or disclosed as income during the 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). Further, there was no previously unrecorded income
and no additional assets were required to be recorded in the books of account during the year.

(v) The Company has neither traded nor invested in Crypto currency or Virtual Currency during the year ended March 31, 2026. Further, the Company has also not received any
deposits or advances from any person for the purpose of trading or investing in Crypto Currency or Virtual Currency.

(vi) The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person or entity,
including foreign entities ("Intermediaries") with the understanding (whether recorded in writing or otherwise) that the Intermediary shall, whether directly or indirectly lend
or invest in other persons/entities identified in any other manner whatsoever by or on behalf of the Company (’ultimate beneficiaries’) or provide any guarantee, security or
the like on behalf of the Ultimate Beneficiaries.

(vii) The Company has not been sanctioned working capital limits from banks or financial institutions during any point of time of the year on the basis of security of current assets.

(viii) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules,
2017, and there are no companies beyond the specified layers.

(ix) Valuation of PP&E, intangible asset and investment property: The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible
assets or both during the current year.