1. Return on equity

fleHJm on equity has been decreased as company has lower pnt?fHg.Ciili1y during The year where as there is a increase ^;n equity fund as compare to previous
re porting yeaf-

2. Trade receivables turnover ratio

Trade receivable turnover ratio has decreased due lo slower collection from debtors and Increase in debtors receivable cycle during the reporting period

3. Return on capital employed

Mel working eapilai ratio has decreased doe to increase in nut working capilat during the current reporting period also company has lower profitability during 1he
reporting period as compare lo previous year

32.B Undisclosed income

The Company does nol haye any siKtitransaclrons which is not recorded Inihe boons otaocount that has been surrendered or disclosed as income during (he year in
the ta* assessments under the income 1a* act. i 961 (such as search or survey or any obier relevant provisions of the Income Tkx Act 19&i)

32,3 Details of crypto currency ervirtual currency

The Company have not traded or invented in Crypto currency or Virtual Currency during the tinanoal year

(B) FAIR VALUE HEtRARCHV

Fair value islhe amount ter which a.^-. asset con d beex>Ctipnged_; pra liability settled between knowledgeable witling parties in an arm's length transactinn. The

Company has made oedaln i udgements and estimates In determining the lair values of the financial Instruments mat are (a) recognised and measured at lair
va) us and (b) measured at amortised cost and for which rair values are disclosed n Ihe financial statements.

To provide an Indication about the reliability t>i me inputs used In determining fair value, the Company as classified me (InaruMl instruments Into three levels
prescribed under the accounting standard An explanation oi each (evel Is a* follows:

Level 1 Level 1 of hierarchy includes iinancial assets that ere measured hy reference 1d queued prices (unadjusted) n active markets for identical assets or
liabilities

Level 2: Level 2 hairanchy includes Financial instruments thet are not H aded in en active market is determined using valuation techniques wh ich maximlee the

use of observable market data and rely as lime as posable cnentity-speclfic estimates

Level 3: if one or more of the signdicant inputs is not fcased on tee observable market da1a, the instrument is included in Level 3 heira rchy.

0 VALUATION TEC HNIQUES

Speodio valuation leefingues used tb value tinanclai lnstnjm«Tls Include
ito use bl quoted market prices ter mutual funds

- the Fair value oi the remamirg financial instruments is determined using discounted cash Flow analysis c^r such other acceptable valuation methcdnlogy.

wherever applicable

Thera arena items in the Financial instruments, which required level 3 valuation.

Tl's Company policy¹³ m havs ranusrf n.a -irii^l hast so as m maintain outsiders confidence anc 1o sustain ^Jn1i.rft development pfltse hi.s ness Management monitors
the return on capital. as welt as level ol dividends to equity sharedolders-The company monitors capital using a ratio of 'adjusted res deot' to 'equity'. For ihrs purpose,
adjusted net dePt 13 defined as lolai ilaoiiily. Comprising mteresl-Pearing leans and Porrowing less cash and cash equivalents Total Equity includes me snare capital,
older equity.

Thu Company's business activities are exposed lea variety o' financial neks. viz liquidity risk, market risk and creel risk. The Management of the Company bias the
overall responsibility lor establishing and governing the Company's risk policy framework. Ttie risk management policies are formulated atter the irfentilioalioh and
analysts oF the risks and su ilable risk limits and controls are set which are monitored & neweiwed periodically. The chemges in Ihe market conditions and allied areas
are accordingly reflecied in the changes of foe policy.The joey risks and mitigating actions are placed before the Audit Committee of the Company who then evaluate
and lake 1be necessary corrective action. Tha sources of risk, which the Company is exposed 1o and how 1he Company manages these risks with thn r impact on the
FinervciBl Statements is given below:

;[A] Credit risk

Credit risk li the risk or financial loss lofoe Company li ihecounterparlyiaiislomeet ita contractual otiligadons. The Company Is exposed to credit risk tnomng operaimg
activities (primanly Irarie new iuables). However, the credit risk on account Of n ngnqing activities, i. e., balances with hanks is very low, smee the Cpmpa ny holds a II the
balances wifo approved bankers only.

Trade receivables

Credit risk is managed through credit appiovals. establishing credit limits and continuously monitoring me cuslomets outstanding balances to which the Company
giants crodn terms in foe normal oou rse ol business. Concentration of ciedlt risk with respect 10 irade receivables aie limned, as ihe Company's customer base is lai ge,
reputed end haying good crerie credential as well as Ihel they are long standing customers. All Irade neceivehles ere reviewed and assessed for default nr a n uaherty
be it. it Historical experience of cel.ecting receiveblES ei foe Cempeny ia supported by low leve ol past defauh end hence the credit risk is perceived to be low.

,[B] Liquidity risk

Liquidity risk is the risk the Company faces In mealing ns obligations associated with its financial liabilities The Company's approach in managing liquidity isfo ensure
foal it wiII have sufficient funds to meet its liabilities when due without incurring unacceptable losses. In doing this, Ma nagemenl considers bnth norma I and stressed
conditions.

Mat unless ot financial liabilities

The below table analyses the Company's financial liabilities into refovanl maturity groupings based on Iheir contractual maturities, the amounts disclosed In the table
are contractual undlscounted cash Hows, balances due within. 12 monfos equal then carry¹ ng balances as the Impact of tkscqunhng Is not significant

[C] Merkel risk

The Company's size and operations result in it being exposed to 1ha fctlawing market risks that a^rise tram its use ?! linanciai inslruments:

* Currency risk: end

* interest rate ns*

Tits above risks may affeci ihe Company's income and expenses. or Ihe value or its hnaociaf instruments.

(E) Foreign currency risk

Tne Company is subject [? Lie risk lhal changes in foreign currency values impact the Company's exports revenue and imports of raw malarial. The risk
exposure is with respect 1c various currencies vti- USD The risk is measured ihreugh monitoring the net exposure to various foreign currencies and the

same i s minimized to the extent passible.

(e) Foreign currency risk exposure

The Company does not have foreign currency exposure at theenc of the reporting period.

(C> Foreign currency sensitivity analysis

The sensitivity oi profit and loss to changes m Ihe exchange rates arises mainlyfrom foreign currency denominated financial instruments. As tha Company's
exposure to foreign currency is insignificant. 1he pvera ll exposure ol fore-gn currency ns* is not significant to the operations ct tne Com pa.ny.

ill) In teres! rale risk

Interest rate risk can be either 'air value interest rate risk ex cash flaw interest rate risk. Fair value interest rate risk is the risk of changes in tair values of lixed
interest bea ring linanciai assets or borrowings because of fluctuations m ihe i nterest miss, it such assets /borrpuangs are measu red at tair value Hirough
profit or toss. Cash flow i nteresl rate risk is the risk that Ihe future cash 'lows of fludli ng interest bearing borrowings wi II flucuLate because of fluctuations in
1he Interestrales

Interest rat* risk exposure

The exposure oF the Company to change in interest rale at end ct Ihe reporting pa ricds are aa follovnis: