1Z Provisions and Contingent Liabilities.

Provisions are recognized when the Company has a present obligation as a result of a past event it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and when a reliable estimate of
the amount of the obligation C3n be made. Provisions are measured at the best estimate of the expenditure required to
settle the present obligation at the Balance Sheet date. The expenses relating to a provision is presented in the Statement
of Profit and Loss net of any reimbursement

The Company uses significant judgements to assess contingent liabilities. Contingent liabilities are disclosed when there
is a possible obligation arising from past events, the existence of which wfll be confirmed only by the occurrence or non-
occurrence of one or more uncertain future events not wholly within the control of the company that arises from past events
where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of
the amount cannot be made.

13. Earnings Per Share

Basic Earnings per share is calculated by dividing the net profit for the period attributable to equity shareholders by the
weighted average number of equities shares outstanding during the period.

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

L During the previous financial year, the Company invested in 639Jb lakh Optionally Convertible Debentures (OCDs) with a face value
of 710 each, issued by Manas Power Ventures PvL Ltd., carrying a coupon rate of 0.01% per annum. I lie OCDs were convertible into a
fixed number of equity shares at the option of the Company, and during the current financial year, the Company exercised this option,
converting the OCDs into equity shares based on the issuer's most recent valuation report. I he Company invested in b81 equity shares
of7l0 each at a premium of711,00,420 per share of Manas Power Ventures Private limited for an aggregate amount of 763,93,49,830
by way of subscription to the Preferential Issue made as per the terms of conversion and the agreement entered
between the companies

2. The Company has invested in 280 lakh Optionally Convertible Debentures (OCDs) of 710 each, carrying a 0.01% p.a coupon rale,
issued by Manas Power Ventures PvL Ltd. which were purdiased from Innopac Pnvate Limited. These OCDs are convertible into 0.01%
Redeemable Non Cumulative Preference Shares at the Company's option, and the Company intends to exercise this option in the
upcoming financial year.

Nature and purpose of components of other equity

(A) Capital Reserve

Capital Reserve represents profits and gains of a capita! nature which are no: available for distnbution as dividends. It Is a fund set aside for
major long term Investments and other anticipated expenses wh>ch are legally permissible, and are in accordance with Companies Act.2013 and
applicable Ind AS.

(B) Capital Reserve created on account of common control transactions

Capital Reserve created on account of common control transactions is the gain on recognition of Merger of the company's erstwhile subsidiaries
with the company during the financial year 2019-20, as per the requirements of Ind AS 103 Business Combination

(C) Securities Premium

Securities premium is used to record the premium on issue of shares. The reserve is utilised in accordance 'with the provisions of section 52 of
the Companies Act, 2013.

(0) Revaluation Reserve

Revaluation Reserve «s gain on revaluation of company's Property. Plant a Equipment and Intangible Assets, it is transferred to Retained
earnings in the proportion of the excess depreciation charged to Statement of Profit & Loss every year

(E) Retained Earnings

Retained Earnings represent the accumulated net profits or losses of the Company after adjusting for dividends, appropriations, and transfers, it
includes movements from Other Comprehensive income (OCI). Revaluation Reserve, and other equity adjustments as per the applicable
accounting framework.

Intercorporate Deposits include amount payable to Khan? and larkunde Infrastructure Pvt Ltd. Such an amount was received as a
performance security to form a joint venture for a housing infrastructure development project to be taken up based ori the
projects feasibility. However, both parties have backed off lire agreement and the amount has been reclassified as intercorporate
deposit having a tenure of S years. I he carrying amount of the liability has been fair valued.

‘Loan Others" includes balances that have been reclassified as financial liabilities during the current reporting period. Previously,
the Company had received advance payments uitended for trade transactions, which ultimately did not materialise. In light of the
current facts and circumstances, these advances have been reassessed and reclassified as borrowings.

I his reclassification and fair valuation have been made in accordance with the requirements of Ind AS 109 financial Instruments
and Ind AS 1U Fair Value Measurement

Note 41

Additional Regulatory Information pursuant to the requirement in Division II of Schedule III to the Companies Act 2013

(i) The company does not have any Benami property, where any proceeding has been initiated or pending against
the company for holding any Benami property.

(ii) The company does not have any transactions with companies struck off.

(iii) The company has not revalued its property, plant and equipment (including right-of-use assets) or intangible
assets or both during the current or previous year.luding its impact on financial statements, is reported in the
notes to accounts in the year of incorporation of revision.

(iv) The company has not traded or invested in crypto currency or virtual currency during the financial year

(v) The company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (Intermediaries) with the understanding that the Intermediary shall:

(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 Uttimate Benefidanes

(vi) The company has not received any fund from any person(s) or entityfies). including foreign entities (Funding
Party) with the understanding (whether recorded in writing or otherwise) that the company shall:

(a) 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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries(vii) The company has not
any such transaction which is 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

(viii) The company has borrowings from banks and financial institutions on the basis of security of current assets. The
quarterly returns or statements of current assets filed by the company with banks and financial institutions are in
agreement with the books of accounts.(ix)None of the entities in the company have been declared wilful defaulter
by any bank or financial institution or government or any government authority

(x) The company has complied with the number of layers prescribed under the Companies Act 2013.

(xi) The company has not entered into any scheme of arrangement which h3s an accounting impact on current or
previous financial year.

C. Transfers between Levels

There have been no transfers between the levels.

Note on Financial Guarantee

The Company has extended a corporate guarantee to Varron Aluminium Pnvate Limited (VAPL) against the Loan
obligation to Bank amounting to Rs. 27.30.00.000 undertaken by VAPL.

The company is acting as a guarantor for VAPL and hence is required to make payments only in the event of a default
by them on the terms of the loan that is guaranteed by us

A financial guarantee contract is initially recognised at fair value. If the guarantee is issued to an unrelated party on a
commercial basis, the initial fair value is likely to equal the premium received. If no premium is received, the fair value
must be determined using a method that quantifies the economic benefit of the guarantee to the holder.

However, according to the information provided by the lender, the interest rate of the loan would have remained
unchanged even if we had not provided the guarantee. Hence, the guarantee wasn’t initially recognised.

At the end of each subsequent reporting period, financial guarantees are measured at the higher of:

(i) The amount of the loss allowance, and

(ii) The amount initially recognised less cumulative amortisation

As per Ind AS 109. the loss allowance on the financial guarantee contract will be determined using:

Loss Allowance = Loan Amount x Probability of default

According to the latest valuation report, the creditor's exposure to default is fully covered by the entity’s available
assets. Therefore, even if we assume a 100% probability of default, the likelihood of the guarantor facing a financial
burden is negligible. This implies that, under Ind AS 109, the carrying amount of the financial guarantee in the books
would be zero.

"The Company has exposure to the following risks arising from financial instruments:

i) Credit Risk

ii) Liquidity Risk
fii) Market Risk-

Risk Management Framework

The Company’s board of directors have the overall responsibility for establishing and supervising the Company's risk
management framework. They have formed the risk management committee, tasked with formulating and
supervising the Company's risk management policies, and regulariy reporting its activities to the board of directors.

The Company's risk management policies aim to identify and assess the risks encountered by the Company,
establish suitable risk limits and controls, and monitor both risks and compliance with these limits. These policies and
systems undergo regular review to adapt to market changes and the Company’s operations.

(i) Credit risk

Credit risk is the risk of financial loss to the Company if a counterparty to a financial instrument fails to meet its
contractual obligations, and arises principally from the Company's receivable from customers, loans advanced and
cash and bank deposits kept with banks

The Group ensures that sales of products are made to customers with appropriate creditworthiness.

The Company has issued financial guarantees to bank in respect of loan facilities availed by its subsidiaries. In
accordance with the policy of the Company, the Company has recognised these financial guarantees as liability at fair
value (Refer note 41 ). Outstanding loans in the subsidiaries against the financial guarantee contracts given by the
Company as at 31 st March. 2025 is Rs 2611.63 Lakhs.

Cash and cash equivalents

The Group held cash and cash equivalents with banks with good credit ratings.

(iff) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial
liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to
ensure, as far as possible, that it will have sufficient liquidity to meet its fiabilities when they 3re due. under both normal
and stressed conditions, without incumng unacceptable losses or risking damage to the Company's reputation

Exposure to liquidity risk

The table below analyses the Group’s financial liabilities into relevant matunty groupings based on their contractual
maturities for all non derivative financial liabilities The amounts are gross and undiscounted, and include contractual
interest payments.

Note 42

Financial instruments - Fair values and risk management (continued)

“Market risk is the risk of loss of future earnings, or future cash flows arising out of changes in Market Conditions of
Agriculture Industry. Healthcare Industry & Infrastructure Industry, which include changes in prices of Raw Material and
commodity prices (indigeneously procured as well as import). The objective of market risk management is to avoid
excessive exposure to the fluctuations in market prices.

The company is exposed to high risk of changes in the prices of Crude and Soyabean oil. Due to their volatility, the prices
may fluctuate significantly over short periods of time for this commodity. The prices of the Company’s commodity
generally fluctuate in line with global market conditions. Commodity price risk exposure is evaluated and managed
through operating procedures and policies. The company is mitigating such risk by not operating the oil refinery and
undertaking trading activities in oil. The exposure to market risk is significantly reduced by this since the Operating losses
under the ofl refinery under current market scenario are very high. As of March 31.2025, the Group had not entered into
any material derivative contracts to hedge exposure to fluctuations in commodity prices.

v. Currency risk

"The Company is exposed to currency risk on account of its operating and financing activities- The functional currency of
the Company is Indian Rupee.

The Company has not taken derivative instruments to hedge the foreign currency risk. Also, the Company continuously
monitors the fluctuation in currency risk and ensures that the Company does not have an adverse impact on account of
fluctuation in exchange rates."

Exposure to currency risk

The currency profile of financial assets and financial liabilities as at March 31,2025 and March 31.2024 are as below:

Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument win fluctuate because of
changes in market interest rates.

Cash flow interest rate risk is the risk that the future C3Sh flows of floating interest bearing instruments win fluctuate
because of fluctuations in the market interest rates.

The Company primarily enters into fixed- rate instruments which ensures that 80-90% of its interest rate risk exposure is at
a fixed rate.

The Company's exposure to market risk for changes in interest rates primarily relates to overdrafts and cash credits from
banks.

For details of the Company's long-term loans and borrowings, including interest rate profiles, refer to Note of these
financial statements

Interest rate sensitivity - fixed rate instruments

The Group's fixed rate deposits and loans with banks are carried at amortised cost. They are therefore not subject to
interest rate risk as defined in Ind AS 107. since neither the carrying amount nor the future cash flow will fluctuate because
of a change in market interest rates

Interest rate sensitivity - variable rate instruments

A reasonably possible change of 100 basis points in interest rates at the reporting date would have increased/ decreased
profit or loss by amounts shown below. This analysis assumes th3t all other variables remain constant This calculation
also assumes that the change occurs at the balance sheet date and has been calculated based on risk exposures
outstanding as at that date. The period end balances are not necessarily representative of the average debt outstanding
during the period.