2.13 Provisions and contingent liabilities

Provisions are measured at the present value of management’s best estimates of the expenditure required
to settle the present obligation at the end of the reporting period. The discount rate used to determine the
present value is a pre-tax rate that reflects current market assessments of the time value of money and the
risk specific to the liability. The increase in the provision due to the passage of time is recognised as interest
expense.

A disclosure for contingent liabilities is made when there is a possible obligation arising from past events,
the existence of which will be confirmed only by the 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 embodying economic benefits will be
required to settle or a reliable estimate of the amount cannot be made.

2.14 Earnings per share

2.14.1 Basic earnings per share

Basic earnings per share is calculated by dividing:

• the profit attributable to owners of the equity by the weighted average number of equity shares
outstanding during the financial year.

2.14.2 Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to
take into account:

• the after income tax effect of interest and other financing costs associated with dilutive potential
equity shares, and

• the weighted average number of additional equity shares that would have been outstanding
assuming the conversion of all dilutive potential equity shares.

For B. R. KHAITAN & CO.

Chartered Accountants
P. Khaitan
Propritor

Place: Kolkata M. No. 060367

Date: 23.05.2025 FRN: 305012E

UDIN :