3.13 Provisions and contingencies
Provision

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is
probable that the Company will be required to settle the obligation, and a reliable estimate can be made of the amount of the
obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the
end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. When a provision is
measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash
flows (when the effect of the time value of money is material).

Warranties

The estimated liability for product warranties is recorded when products are sold. These estimates are established using histor¬
ical information on the nature, frequency and average cost of warranty claims and management estimates regarding possible
future incidence based on corrective actions on product failures. The timing of outflows will vary as and when warranty claim
will arise- being typically two to five years. These assurance-type warranties are accounted for under Ind AS 37 Provisions,
Contingent Liabilities and Contingent Assets.

Contingent liabilities

A disclosure for a contingent liability is made where it is more likely than not that a present obligation or possible obligation may
result in or involve an outflow of resources. When no present or possible obligation exists and the possibility of an outflow of
resources is remote, no disclosure is made.

Contingent assets

A contingent assets are disclosed where an inflow of economic benefit is probable. An entity shall not recognise the contingent
assets unless the recovery is virtually certain.

3.14 Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the
instruments.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the
acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value
through statement of profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities,
as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial
liabilities at fair value through profit or loss are recognised immediately in statement of profit or loss.

3.15 Financial assets

Initial recognition and measurement

Financial assets are classified, at initial recognition and subsequently measured at amortised cost, fair value through other
comprehensive income (OCI), and fair value through profit or loss.

Subsequent measurement

All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on
the classification of the financial assets.

Classification of financial assets

Debt instruments that meet the following conditions are subsequently measured at amortised cost (except for debt instruments
that are designated as at fair value through statement of profit or loss on initial recognition):

• the asset is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and

• the contractual terms of the instrument give rise on specified dates to cash flows that are solely payments of principal and
interest on the principal amount outstanding.

Debt instruments that meet the following conditions are subsequently measured at fair value through other comprehensive
income (“FVTOCI”) (except for debt instruments that are designated as at fair value through statement of profit or loss on initial
recognition):

• the asset is held within a business model whose objective is achieved both by collecting contractual cash flows and selling
financial assets; and

• the contractual terms of the instrument give rise on specified dates to cash flows that are solely payments of principal and
interest on the principal amount outstanding.

Interest income is recognised in statement of profit or loss for FVTOCI debt instruments. All other financial assets are
subsequently measured at fair value.

Effective interest method

The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating interest income
over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts (including all
fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or
discounts) through the expected life of the debt instrument, or, where appropriate, a shorter period, to the net carrying amount
on initial recognition.

Income is recognised on an effective interest basis for debt instruments other than those financial assets classified as at FVTPL.
Interest income is recognised in statement of profit or loss and is included in the “Other income” line item.

Financial assets at fair value through statement of profit or loss (FVTPL)

Investments in equity instruments are classified as at FVTPL, unless the Company irrevocably elects on initial recognition to
present subsequent changes in fair value in other comprehensive income for investments in equity instruments which are not
held for trading.

Debt instruments that do not meet the amortised cost criteria or FVTOCI criteria are measured at FVTPL. In addition, debt
instruments that meet the amortised cost criteria or the FVTOCI criteria but are designated as at FVTPL are measured at
FVTPL.

A financial asset that meets the amortised cost criteria or debt instruments that meet the FVTOCI criteria may be designated
as at FVTPL upon initial recognition if such designation eliminates or significantly reduces a measurement or recognition
inconsistency that would arise from measuring assets or liabilities or recognising the gains and losses on them on different
bases.

Financial assets at FVTPL are measured at fair value at the end of each reporting period, with any gains or losses arising on
re-measurement recognised in statement of profit or loss. The net gain or loss recognised in profit or loss incorporates any
dividend or interest earned on the financial asset and is included in the 'Other income' line item. Dividend on financial assets at
FVTPL is recognised when the company's right to receive the dividends is established, it is probable that the economic benefits
associated with the dividend will flow to the entity, the dividend does not represent a recovery of part of cost of the investment
and the amount of dividend can be measured reliably.

Impairment of financial assets

The Company applies the expected credit loss model for recognising impairment loss on financial assets measured at amortised
cost, debt instruments at FVTOCI, trade receivables, other contractual rights to receive cash or other financial asset, and
financial guarantees not designated as at FVTPL.

Note : The Company has used a practical expedient by computing the expected loss allowance for trade receivables based on
historical credit loss experience and adjustments for forward looking information.

Offsetting

Financial assets and financial liabilities are offset and the net amount presented in the balance sheet when, and only when, the
Company currently has a legally enforceable right to set off the amounts and it intents either to settle them on net basis or to
realise the assets and settle the liabilities simultaneously.

De-recognition of financial assets

The Company derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or when it
transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another party.

3.16 Financial liabilities and equity instruments

Initial Recognition and Measurement

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and
borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.

All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly
attributable transaction costs.

The Company's financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, financial
guarantee contracts and derivative financial instruments.

Subsequent measurement

The measurement of financial liabilities depends on their classification, as described below:

Classification as debt or equity

Debt and equity instruments issued by Company are classified as either financial liabilities or as equity in accordance with the
substance of the contractual arrangements and the definitions of a financial liability and an equity instrument.

Equity instruments

An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.
Financial liabilities

Financial liabilities that are not held-for-trading and are not designated as at FVTPL are measured at amortised cost at the end
of subsequent accounting periods. The carrying amounts of financial liabilities that are subsequently measured at amortised
cost are determined based on the effective interest method. Interest expense that is not capitalised as part of costs of an asset
is included in the 'Finance costs' Line item.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest
expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments
(including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other
premiums or discounts) through the expected life of the financial liability.

All financial liabilities are subsequently measured at amortised cost using the effective interest method or at FVTPL.
De-recognition of financial liabilities

The Company derecognises financial liabilities when, and only when, the Company's obligations are discharged, cancelled or
have expired.

3.17 Fair value measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to
sell the asset or transfer the liability takes place either:

i. In the principal market for the asset or liability, or

ii. In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most
advantageous market must be accessible by the Company.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair
value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a
whole;

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

ii. Level 2- Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly
or indirectly observable.

iii. Level 3- Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the
nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

3.18 Statement of Cash flow

Cash flows are reported using the indirect method, whereby profit / (loss) after tax is adjusted for the effects of transactions of
non-cash nature and any deferrals or accruals of past or future cash receipts or payments.

3.19 Earnings per share

Basic earnings per share is computed by dividing the profit after tax by the weighted average number of equity shares outstanding
during the year/period.

Diluted earnings per share is computed by dividing the profit after tax as adjusted for dividend, interest and other charges to
expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered
for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the
conversion of all dilutive potential equity shares.

3.20 Royalty

The Company accounting the royalty in accordance with the relevant licence agreements on accrual basis.

3.21 Research and Development

Research costs are expensed as incurred. Development expenditures on an individual project are recognised as an intangible
asset when the Company can demonstrate:

• The technical feasibility of completing the intangible asset so that the asset will be available for use or sale

• Its intention to complete and its ability and intention to use or sell the asset

• How the asset will generate future economic benefits

• The availability of resources to complete the asset

• The ability to measure reliably the expenditure during development

Cost incurred by the Company for Research and Development do not meet the recognition criteria and hence have been
classified as research costs and are expensed of in the statement of profit and loss as and when these are incurred.

The amortisation methods, the usual useful lives and the residual values of intangible assets are checked annually.

3.22 Rounding of amounts

All amounts disclosed in the financial statements and the accompanying notes have been rounded off to the nearest lacs as per
the requirement of Schedule III of the Companies Act 2013, unless otherwise stated.

3.23 Material Events

Material events occurring after balance sheet date and till the date of signing of financials are taken into cognizance.

3.24 Recent Pronouncements

Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under Companies (Indian
Accounting Standards) Rules as issued from time to time. During the year ended March 31, 2025, MCA has notified Ind AS
117- Insurance Contracts and amendments to Ind AS 116-Leases, relating to sale and lease back transactions, applicable from
April 1, 2024. The Company has assessed that there is no significant impact on its financial statements.

On May 9, 2025, MCA notified the amendments to Ind AS 21- Effects of changes in Foreign Exchange Rates. These amendments
aim to provide clearer guidance on assessing currency exchangeability and estimating exchange rates when currencies are
not readily exchangeable. The amendments are effective for annual periods beginning on or after April 1, 2025. The company
is currently assessing the probable impact of these amendments on its financial statements.

4. Significant accounting judgements, estimates and assumptions

In the application of the Company accounting policies, which are described in note 3, the management of the Company are
required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not
readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised
in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future
periods if the revision affects both current and future periods.

The following are the areas of estimation uncertainty and critical judgements that the management has made in the process of
applying the Company's accounting policies and that have the most significant effect on the amounts recognised in the financial
statements:-

Recoverability of intangible asset

Capitalisation of cost in intangible assets under development is based on management's judgement that technological and
economic feasibility is confirmed and asset under development will generate economic benefits in future. Based on evaluations
carried out, the Company's management has determined that here are no factors which indicate that these assets have suffered
any impairment loss.

Determining the lease term of contracts with renewal and termination options - Company as lessee

The Company determines the lease term as the non-cancellable term of the lease, together with any periods covered by an
option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the lease,
if it is reasonably certain not to be exercised.

The Company has several lease contracts that include extension and termination options. The Company applies judgement in
evaluating whether it is reasonably certain whether or not to exercise the option to renew or terminate the lease.

Income Taxes

Judgment of the Management is required for the calculation of provision for income taxes and deferred tax assets and liabilities.
The company reviews at each balance sheet date the carrying amount of deferred tax assets. The factors used in estimates
may differ from actual outcome which could lead to significant adjustment to the amounts reported in the standalone financial
statements.

Provision and contingent liability

On an ongoing basis, Company reviews pending cases, claims by third parties and other contingencies. For contingent losses
that are considered probable, an estimated loss is recorded as an accrual in financial statements. Loss Contingencies that
are considered possible are not provided for but disclosed as Contingent liabilities in the financial statements. Contingencies
the likelihood of which is remote are not disclosed in the financial statements. Gain contingencies are not recognized until the
contingency has been resolved and amounts are received or receivable.

Defined benefit plans

The cost of the defined benefit gratuity plan and other post-employment defined benefits are determined using actuarial
valuations. An actuarial valuation involves various assumptions that may differ from actual developments in the future. These
include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities involved
in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All
assumptions are reviewed at each reporting date.

Further details about gratuity obligations are given in Note 3.6.

Useful lives of depreciable assets

Management reviews the useful lives of depreciable assets at each reporting. As at March 31,2025 management assessed that
the useful lives represent the expected utility of the assets to the Company. Further, there is no significant change in the useful
lives as compared to previous year.

2. Exclusive charge on Company property at Plot No. 67, 68, 69 and 70 (part), Narasapura Industrial Area, Kolar District

3. Personal guarantees of Mr. Ashwani Minda and Mrs. Vandana Minda.

4. Deposits amounting Rs. 53 lakhs pledged for issue of Term Loan as Debts Security Reserve Account, refer note no. 13.

iii) Aditya Birla Financial Services Limited- Term Loan

1. Hypothecation on over entire current assets & movable fixed assets of the Company both existing and future.

2. Exclusive charge by way of equitable mortgage on Industrial property at Plot No. 446F, IMT Manesar, Sector-8, Gurgaon
Haryana.

3. Personal guarantees of Mr. Ashwani Minda, Mr. Anirudh Minda and Mrs. Vandana Minda.

iv) ICICI Bank Limited - Term Loan

1. Exclusive equitable mortgage charge on immovable property situated at Plot No. 4, Sector-3, IMT Manesar, Gurgaon, Haryana
122050.

2. Exclusive Charge on current assets and movable fixed assets.

3. Personal guarantees of Mr. Ashwani Minda , Mrs. Vandana Minda and Mr. Anirudh Minda.

*There are no differences in the figures reported in the quarterly returns / statements filed with the banks vis-a-vis the books
of accounts. For the determination of Drawing power, the Company follow the guidance of the RBI prescribed for commodities
covered under selective credit control.

Short term borrowings have been facilitated by followings banks which are secured as mentioned below:

i) Kotak Mahindra Bank Limited- Working Capital Facilities.

1. First pari-passu charge on all existing and future current assets of the Company.

2. Second pari-passu charge over all present and future movable assets of the Company excluding movable fixed assets
situated at Karnataka plant which is exclusively charged with other banker.

3. Second pari-passu equitable mortgage charge on immovable properties being land and building situated at GP-14,
Industrial Estate, Sector-18, Gurgaon, Haryana and Plot No.D-1/2 in the Sipcot's Industrial Park at Sriperumbudur.

4. Personal guarantees of Mr. Ashwani Minda, Mrs. Vandana Minda and Mr. Anirudh Minda

5. Deposits are pledged with bank for LC,BG facility and security for loans, refer note no. 11.

ii) RBL Bank Limited - Overdraft

1. Deposits are pledged with bank for working capital loans and security for loans, refer note no 11.

iii) ICICI Bank Limited - Cash Credit

1. Exclusive charge by way of equitable mortgage on immovable property situated at Plot No. 4, Sector-3, IMT Manesar,
Gurgaon, Haryana 122050

2. Personal guarantees of Mr. Ashwani Minda and Mrs. Vandana Minda.

iv) State Bank of India- Foreign Currency Term Loan

1. Hypothecation of Current Assets, both present & future.

2. Hypothecation of all movable fixed assets of the company, both present and future.

3. Equitable Mortgage of Industrial property situated at Plot No. 446 F, sector 8, Industrial Estate, IMT Manesar, District
Gurugram

4. Personal guarantees of Mr. Ashwani Minda and Mrs. Vandana Minda.

B. Defined benefits plans
Gratuity

Employees are entitled to gratuity computed as fifteen days salary for every completed year of service or part thereof in
excess of six months and is payable on retirement/termination. The benefit vests after five years of continuous service. The
Company has taken a Group Gratuity Policy from LIC of India and makes contribution to LIC of India to fund its plan. Liability
has been accounted for on the basis of actuarial valuation certificate.

C. Other long term employee benefits
Leave Encashment

Leave encashment is payable to eligible employees who have earned leaves during the employment and/or on separation
as per the Company's policy. Liability has been accounted for on the basis of actuarial valuation certificate for the balance
of earned leaves at the credit of employees at the end of the year.

The following table sets out the funded status of the defined benefit schemes and the amount recognized in the financial
statements:

Risk exposure

The gratuity scheme is a salary defined benefit plan that provides for lump sum payment made on exit either by way of
retirement, death, disability or voluntary withdrawal. The benefits are defined on the basis of final salary and the period of
service and paid as lump sum at exit. The plan design means the risk commonly affecting the liabilities and the financial
results are expected to be:

(a) Interest rate risk: The defined benefit obligation calculated uses a discount rate based on government bonds, if bond
yield fall, the defined benefit obligation will tend to increase.

(b) Salary inflation risk: Higher than expected increases in salary will increase the defined benefit obligation.

(c) Demographic risk: This is the risk of variability of results due to unsystematic nature of decrements that include
mortality, withdrawal, disability and retirement. The effect of these decrements on the defined benefit obligation is not
straight forward and depends upon the combination of salary increase, discount rate and vesting criteria.

52 SEGMENT INFORMATION

The Company primarily operates in one segment which comprises of manufacturing and sale of automobile components
identified in accordance with principle enunciated in Indian Accounting Standard Ind AS-108, Segment Reporting. Hence,
separate business segment information is not applicable.

The board of directors of the Company, which has been identified as being the chief operating decision maker (CODM),
evaluates the Company's performance, allocate resources based on the analysis of the various performance indicator of the
Company as a single unit. Therefore, there is no reportable segment for the Company as per the requirement of IND AS 108
“Operating Segments”.

Geographical Locations: The Geographical segments have been considered for disclosure as the secondary segment, under
which the domestic segment includes sales to customers located in India and overseas segment includes sales to customer
located outside India.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity
instruments, tax free bonds and mutual funds that have quoted price. The fair value of all equity instruments
which are traded in the stock exchanges is valued using the closing price as at the reporting period. The
mutual funds are valued using the closing NAV.

Level 2: The fair value of financial instruments that are not traded in an active market (for market, traded bonds, over-the
counter derivatives) is determined using valuation techniques which maximize the use of observable market data
and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument
are observable, the instrument is included in level 2.

Level 3 : If one or more of the significant inputs is not based on observable market data, the instrument is included in Level 3.

(ii) Valuation Techniques Used to Determine Fair Value

The Company maintains policies and procedures to value financial assets or financial liabilities using the best and
most relevant data available. The fair values of the financial assets and liabilities are included at the amount that would
be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the
measurement date.

Specific valuation technique used to value financial instrument includes :

- the use of quoted market prices or dealer quotes for similar financial instruments.

- the fair value of financial assets and liabilities at amortised cost is determined using discounted cash flow analysis.

The following method and assumptions are used to estimate fair values:

The Carrying amounts of trade receivables, trade payables, capital creditors, cash and cash equivalents, short term
deposits etc. are considered to be their fair value, due to their short term nature and long-term fixed-rate and variable-rate
receivables / borrowings are evaluated by the Company based on parameters such as interest rates, specific country risk
factors, credit risk and other risk characteristics. For borrowing fair value is determined by using the discounted cash flow
(DCF) method using discount rate that reflects the issuer's borrowings rate. Risk of non-performance for the Company is
considered to be insignificant in valuation.

56 FINANCIAL RISK MANAGEMENT

The Company's activities expose it to market risk, liquidity risk and credit risk. In order to minimize any adverse effects on
the financial performance of the Company, derivative financial instruments, such as foreign exchange forward contracts and
foreign currency option contracts are entered into by the Company to hedge certain foreign currency exposure. Derivatives
are used exclusively for hedging and not as trading or speculative instruments.

The Company's activities are expose to Market risk, Credit risk and Liquidity risk.

I. 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 prices comprise three types of risk: currency rate risk, interest rate risk and other price risks, such as
equity price risk and commodity risk. Financial instruments affected by market risk include loans and borrowings, deposits,
investments, and derivative financial instruments.

The sensitivity analyses in the following section relate to the position as at 31st March 2025 and 31st March 2024
(a) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes
in market interest rates. In order to optimize the Company's position with regard to interest income and interest expenses
and to manage the interest rate risk, treasury performs a comprehensive corporate interest rate risk management by bal¬
ancing the proportion of the fixed rate and floating rate financial instruments in its total portfolio .

(i) The exposure of group borrowings to interest rate changes at the end of reporting period are as follows:

II. Credit risk

Credit risk arises from the possibility that the counterparty will default on its contractual obligations resulting in financial
loss to the Company. To manage this, the Company periodically assesses the financial reliability of customers, taking into
account the financial conditions, current economic trends, and analysis of historical bad debts and ageing of accounts
receivable.

The Company considers the probability of default upon initial recognition of assets and whether there has been a significant
increase in credit risk on an ongoing basis through each reporting period. To assess whether there is significant increase in
credit risk, it considers reasonable and supportive forward looking information such as:

(i) Actual or expected significant adverse changes in business.

(ii) Actual or expected significant changes in the operating results of the counterparty.

(iii) Financial or economic conditions that are expected to cause a significant change to the counterparty's ability to meet its obligation.

(iv) Significant increase in credit risk and other financial instruments of the same counterparty.

(v) Significant changes in the value of collateral supporting the obligation or in the quality of third party guarantees or credit enhancements.

The Company's major exposure is from trade receivables, which are unsecured and derived from external customers. Credit
risk on cash and cash equivalents is limited as we generally invest in deposits with banks and financial institutions with high
credit ratings assigned by international and domestic credit rating agencies.

The Company uses a provision matrix to determine impairment loss on portfolio of its trade receivable. The provision matrix
is based on its historically observed default data over the expected life of the trade receivable and is adjusted for forward¬
looking estimates. At every reporting date, the historical observed default rates are updated and changes in forward-looking
estimates are analysed. However there is no trade receivable which is require allowance for expected credit loss.

III. Liquidity Risk

Liquidity risk is defined as the risk that Company will not be able to settle or meet its obligation on time or at a reasonable price.
The Company's objective is to at all times maintain optimum levels of liquidity to meet its cash and collateral requirements.
The Company's treasury department is responsible for liquidity, funding as well as settlement management. In addition,
processes and policies related to such risk are overseen by senior management. Management monitors the company's net
liquidity position through rolling, forecast on the basis of expected cash flows.

The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting date
based on contractual undiscounted payments:

58 Previous year figures have been re-grouped / re-classified wherever necessary to corresponding with the current year's
classification /disclosure.

59 The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company
towards Provident Fund and Gratuity. The Ministry of Labour and Employment had released draft rules for the Code on Social
Security, 2020 on November 13, 2020. The Company will assess the impact and its evaluation once the subject rules are
notified. The Company will give appropriate impact in its financial statements in the period in which, the Code becomes
effective and the related rules to determine the financial impact are published.

60 Other Disclosures

i) Revaluation of Property, Plant & Equipment & Intangible assets

The Company has not done any revaluation of Property, Plant & Equipment including Right of use assets, investment
property and Intangible assets during the year, refer note no. 5,7 8 & 9.

ii) Details of Benami Property held

No proceedings have been initiated on or are pending against the company for holding benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

iii) Relationship with struk off companies

The Company has not transacted with any Company which is either struk off or in the process of striking off by the Ministry
of corporate Affairs.

iv) Title deed of Immovable Properties

We have the title deeds in the name of the Company in respect of all the immovable properties (other than properties where
the Company is the lessee and the lease agreements are duly executed in favour of the lessee) except as disclosed below.
The title deed of the same will be transferred when all the installment of deferred payments including interest will be paid,
refer note no. 29 & 36.

v) Undisclose Income

The Company has not disclosed or surrendered any income during any previous year in the course of Income tax Assessment
proceedings, survey or any other relevant provision of the Income Tax Act, 1961. All transaction, incomes & assets are duly
recorded in the books of accounts.

vi) Utilisation of borrowed funds and security premium

The Company has not

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Company (ultimate beneficiaries) or

b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

vii) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

viii) Registration of Charges or Satisfaction with Registrar of Companies

The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
Additional Regulatory Information

As per our report of even date

For NSBP & CO For and on behalf of the Board of Directors of

Chartered Accountants Jay Ushin Limited

Firm Registration No.: 001075N

Sanjay Kumar Agrawal Ashwani Minda Vandana Minda

Partner Chairman,Managing Director and CEO Director

Membership No.: 089090 DIN : 00049966 DIN : 03582322

Place: Gurugram Amit Kithania Jyoti Kataria

Date: May 29, 2025 Chief Financial Officer Company Secretary