15. Provisions, Contingent Liabilities and
Contingent Assets (Ind AS 37)

Provisions are recognized when the Company has a present
obligation (legal or constructive), as a result of a past event,
and it is probable that an outflow of resources will be required
to settle the obligation. Contingent liabilities are disclosed
unless the possibility of an outflow is remote. Contingent
assets are not recognized.

The Company is contingently liable towards Bank Guarantee
provided to the tune of ' 12.64 lacs in favour of Indian
Railways and H.P.S.E.B. and contingently liable towards Letter
of Credit provided to the tune of ' 1789.94 lacs in favour of
M/s Sun Flag Iron & Steel Co. Ltd., M/s Deepa Sales, Bhushan
Power & Steels Ltd. & M/s Contitech India Pvt. Ltd. Margin
money ' 246.02 lacs deposit with S.B.I. against Letter of
Credit & Bank Guarantee (Prev. Yr. Bank guarantee of ' 15.04
lacs in favour of Indian Railways and H.P.S.E.B. and Letter of
credit of ' 1472.16 lacs in favour of M/s Sun Flag Iron &
Steel Co. Ltd., M/s Deepa Sales and Margin money ' 178.69
lacs deposit with S.B.I.).

16. Earnings Per Share (Ind AS 33)

Basic earnings per share are calculated by dividing net profit
attributable to equity holders by the weighted average
number of equity shares outstanding during the period.
Diluted earnings per share is calculated by adjusting the
weighted average number of equity shares outstanding for
the effects of all dilutive potential equity shares.

17. Cash Flow Statement (Ind AS 7)

Cash flows are reported using the indirect method. Cash
and cash equivalents in the balance sheet comprise cash
at banks and on hand and short-term deposits with original
maturity of three months or less. As annexed

Cash and cash Equivalents

Cash and cash equivalents comprise cash and cash on
deposit with banks and corporations. The Company
considers all highly liquid investments with a remaining
maturity at the date of purchase of three months or less and
that are readily convertible to known amounts of cash to be
cash equivalents.

18. Financial Derivatives and Commodity
Hedging Transactions

In respect of derivative contracts, premium paid, gains/
losses on settlement and losses on restatement, if any are
recognized in Balance Sheet, except in case where they
relate to the acquisition or construction of fixed assets, in
which case, they are adjusted to the carrying cost of such
assets.

19. Accounting for Oil and Gas Activity

The Company has adopted Full Cost Method of accounting
for consumption of Furnace oil, Diesel and Gas as well as
the expenditure is accounted on the basis of available
information.

Terms/Rights attached
i Equity Shares

The Company has only one class of Equity shares having a par value of ' 10/-. Each holder of equity shares is entitled to one
vote per share.

The Company declares dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval
of the shareholders in the ensuing Annual General Meeting.

During the Year Ended 31^st March, 2025 the amount of per share dividend recognized as distributions to equity shareholders
was ' 1.80 (For 31^st March, 2024 was ' 1.50 per equity share).

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets
of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity
shares held by the shareholders.

29.1 Additional Regulatory Information

(i) Title deeds of immovable property not held in the name of the company

The Company does not hold any title deeds of immovable property that are not in its name. Hence, there are no
immovable properties whose tiles deeds are not held in the name of the Company.

(ii) During the financial year,There has been no revaluation of its Property, Plant and Equipments.

(iii) The Company has not granted any loans or advances in the nature of loans to promoters, directors, key managerial
personnel( KMPs) or related parties as defined under Companies Act, 2013, either severally or jointly with any other
person.

(vi) Details of Benami Property held

The Company dose not hold any Benami Property in its name as defined under the Prohibition of Benami Property
Transaction Act,1988, no Proceedings have been or are pending againstthe Company in respect of benami property.

(vii) Wilful Defaulter*

The Company has never been declared as wilful defaulte by any Bank or financial Institution, or other lender as per the
guidelines issued by the Reserve Bank Of India.

(viii) Compliance with approved Scheme(s) of
Arrangements

No Scheme of Arrangements under sections 230 to
237 of the Companies Act, 2013. has been approved
by any Competent Authority in respect of the
Company, Accordingly, there are no such schemes
whose effects are required to be accounted for in the
books of account.

(ix) Undisclosed income

There is no undisclosed income which is not recorded.

(x) Crypto Currency or Virtual Currency

The Company has not dealt with Crypto Currency or
Virtual Currency.

(xi) Utilisation of Borrowed funds and share premium

(A) Where company has advanced or loaned or
invested funds (either borrowed funds or share
premium or any other sources or kind of funds) to
any other person(s) or entity(ies), including

(i) 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

(ii) provide any guarantee, security or the like to
or on behalf of the Ultimate Beneficiaries;
The company shall disclose the following:-

(i) date and amount of fund advanced or
loaned or invested in Intermediaries with
complete details of each Intermediary.

(ii) date and amount of fund further
advanced or loaned or invested by such
Intermediaries to other intermediaries
or Ultimate Beneficiaries alongwith
complete details of the ultimate
beneficiaries.

(iii) date and amount of guarantee, security
or the like provided to or on behalf of
the Ultimate Beneficiaries.

(iv) declaration that relevant provisions of

the Foreign Exchange Management
Act, 1999 (42 of 1999) and

Companies Act has been complied
with for such transactions and the
transactions are not violative of the
Prevention of Money-Laundering act,
2002 (15 of 2003).

(B) Where a Company has received any fund from
any person(s) or entity(ies), including foreign
entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) that
the company shall

(i) directly or indirectly lend or invest in other
persons or entities identified in any manner
whatsoever by or on behalf of the Funding
Party (Ultimate Beneficiaries); or

(ii) provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries, The
company shall disclose the following:-

(i) date and amount of fund received from
Funding parties with complete details of
each Funding party.

(ii) date and amount of fund further
advanced or loaned or invested other
intermediaries or Ultimate Beneficiaries
alongwith complete details of the other
intermediaries' or ultimate beneficiaries.

(iii) date and amount of guarantee, security
or the like provided to or on behalf of
the Ultimate Beneficiaries.

(iv) declaration that relevant provisions of
the Foreign Exchange Management
Act, 1999 (42 of 1999) and Companies
Act has been complied with for such
transactions and the transactions
are not violative of the Prevention of
Money-Laundering act, 2002 (15 of
2003).

(xii) Registration of charges or satisfaction with
Registrar of Companies

The Company has created charges as applicable and
has duly filed the requisite form for registration of
charges and satisfaction thereof with the Registrar
of Companies in a timely manner, in compliance with
the provisions of the Companies Act,2013.

(xiii) Relationship with Struck off Companies

The Company has not entered into any transactions
with companies that have been struck off under
section 248 of the Companies Act, 2013 or section
560 of Companies Act, 1956.

(xiv) Compliance with number of layers of companies

The Company does not have any subsidiary companies
beyond the number of layers prescribed under clause
(87) of section 2 of the Conanies Act,2013, read
with Companies (Restriction on number of Layers)
Rules, 2017. Accordindly, the requirement to disclose
deatails of companies beyond the specified layers is
not applicable.

(xv) The Company has not granted any Loans or Advances
in the nature of loans to promoters, directors, key
managerial personnel (KMPs),or related parties either
severally or jointly with any other person, that are
repayable on demand or without specifying any terms
or period of repayment.

(xvi) The Company has availed fund-based and non-fund-
based Working capital facilities from State Bank
of India, secured against current assets, Monthly
statements of current assets are submitted to the
bank as per the sanction terms, and such statements
are in agreement with the books of accounts
Accordingly, no reconcilation statement is required.

29(4). Amount of capital commitments

Advance for Capital items of ' 173.89 lacs for Plant & machinery and foundation work for Plant & machinery are shown in
Note No. 9 under the head of Current Loans and Advances the total order value for plant & machinery is ' 691.48 Lacs and
order value for foundation work for Plant & machinery is ' 7.00 lacs.

29(5). Contingent liabilities

The Company is contingently liable towards Bank Guarantee provided to the tune of ' 12.64 lacs in favour of Indian Railways
and H.P.S.E.B. and contingently liable towards Letter of Credit provided to the tune of ' 1789.94 lacs in favour of M/s Sun Flag
Iron & Steel Co. Ltd., M/s Deepa Sales, Bhushan Power & Steels Ltd. & M/s Contitech India Pvt. Ltd. Margin money ' 246.02
lacs deposit with S.B.I. against Letter of Credit & Bank Guarantee (Prev. Yr. Bank guarantee of ' 15.04 lacs in favour of Indian
Railways and H.P.S.E.B. and Letter of credit of ' 1472.16 lacs in favour of M/s Sun Flag Iron & Steel Co. Ltd., M/s Deepa Sales
and Margin money ' 178.69 lacs deposit with S.B.I.).

Notes: -

(i) The quantitative details stated above are based on the certification given by the management.

(ii) The installed capacity is not being verified by us as a technical matter and it is taken as certified by management.

(iii) The quantities have been shown to the nearest units.

As Per Our Report Of Even Date

For Sanjay Nandani & Co. (K.L. Bhatia) (Kapil Bhatia)

Chartered Accountants Chairman & Mng. Director Mng. Director

Firm's Registration No.: 006941C DIN: 00581799 DIN: 00582337

(Sanjay Malhotra)

Partner (Neeraj Bhatia) (Sanjay Nigam)

Membership No.: 071140 CFO Chief Accountant

Udin: 25071140BMHEPF3623 DIN: 00582395

(Dhruv Bhasin)

Place: Kanpur Company Secretary

Date: 24.05.2025 M. No.: F10100