1.15 Provisions, Contingent Liabilities & Contingent Assets

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 economic benefits will be required to settle the obligation and a reliable estimate of the
amount of the obligation can be made. Where the time value of money is material, provisions are stated at the present
value of the expenditure expected to settle the obligation.

All provisions are reviewed at each balance sheet date and adjusted to reflect the current best estimate.

Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably,
the obligation is disclosed.as a contingent liability, unless the probability of outflow of economic benefits is remote.
Possible obligations, whose existence will only be confirmed by the occurrence or non-occurrence of one or more future
uncertain events not wholly within the control of the company, are also disclosed as contingent liabilities unless the
probability of outflow of economic benefits is remote.

Contingent Assets are not recognized in the financial statements. However, when the realisation of income is virtually
certain, then the related asset is not a contingent asset, and its recognition is appropriate.

1.16 Earnings per share

Basic earnings per share are computed by dividing the net profit after tax by. the weighted average number of equity shares
outstanding during the period. Diluted earnings per share is computed by dividing the profit after tax by the weighted
average number of equity shares considered for deriving basic earnings per shares and also the weighted average number
of equity shares that could have been issued upon conversion of all dilutive potential equity shares.

1.17 Judgements, Estimates and Assumptions

The preparation of the financial statements in conformity with Ind AS requires management to make estimates, judgements
and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities, the
disclosures of contingent assets and liabilities at the date of financial statements and the amount of revenue and
expenses during the reported period. Application of accounting policies involving complex and subjective judgements
and the use of assumptions in these financial statements have been disclosed. Accounting estimates could change from
period to period. Actual results could differ from those estimates. Estimates and underlying assumptions are reviewed
on an ongoing basis. Revisions to accounting estimate are recognized in the period in which the estimates are revised and
if material, their effects are disclosed in the notes to the financial statements.

1.17.1 Judgements

In the process of applying the Company's accounting policies, management has made the following judgements, which
have the most significant effect on the amounts recognized in the consolidated financial statements:

1.17.1.1 Formulation of Accounting Policies

Accounting policies are formulated in a manner that result in financial statements containing relevant and reliable
information about the transactions, other events and conditions to which they apply. Those policies need not be
applied when the effect of applying them is immaterial.

In the absence of an Ind AS that specifically applies to a transaction, other event or condition, management has used
its judgement in developing and applying an accounting policy that results in information that is:

(a) relevant to the economic decision-making needs of users and

(b) reliable in that financial statements:

(i) represent faithfully the financial position, financial performance and cash flows of the entity;

(ii) reflect the economic substance of transactions, other events and conditions, and not merely the legal form; (Ill)
are neutral, i.e. free from bias;

(iv) are prudent; and

(v) are complete in all material respects on a consistent basis.

In making thejudgement management refers to, and considers the applicability of, the following sources in descending
order:

(a) the requirements in Ind ASs dealing with similar and related issues; and

(b) the definitions, recognition criteria and measurement concepts for assets, liabilities, income and expenses in the
Framework.

In making the judgement, management considers the most recent pronouncements of International Accounting
Standards Board and in absence thereof those of the other standard-setting bodies that use a similar conceptual
framework to develop accounting standards, other accounting literature and accepted Industry practices, to the
extent that these do not conflict with the sources in above paragraph.

1.17.1.2 Materiality

Ind AS applies to items which are material. Management uses judgment in deciding whether individual items or
groups of items are material in the financial statements. Materiality is judged by reference to the size and nature
of the item. The deciding factor is whether omission or misstatement could individually or collectively influence
the economic decisions that users make on the basis of the financial statements. Management also uses judgement of
materiality for determining the compliance requirement of the Ind AS. In particular circumstances either the nature
or the amount of an item or aggregate of items could be the determining factor. Further an entity may also be

required to present separately immaterial items when required by law.

1.17.1.3 Operating lease

Company has entered into lease agreements. The Company has determined, based on an evaluation of the terms
and conditions of the arrangements, such as the lease term not constituting a major part of the economic life of the
commercial property and the fair value of the asset, that it retains all the significant risks and rewards of ownership
of these properties and accounts for the contracts as operating leases.

1.17.2 Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date, that
have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year, are described below. The Company based its assumptions and estimates on the parameters available
when the financial statements were prepared. Existing circumstances and assumptions about future developments,
however, may change due to market changes or circumstances arising that are beyond the control of the Company.
Such changes are reflected in the assumptions when they occur.

1.17.2.1 Impairment of non-financial assets

There is an indication of impairment if, the carrying value of an asset or cash generating unit exceeds its
recoverable amount, which is the higher of its fair value less disposal costs and its value in use. Company
considers individual PPE as separate cash generating units for the purpose of test of impairment. The value in
use calculation is based on a DCF model. The cash flows are derived from the budget for the next five years
and do not include restructuring activities that the Company is not yet committed to or significant future
investments that will enhance the asset's performance of the CGU being tested. The recoverable amount is
sensitive to the discount rate used for the DCF model as well as the expected future cash-inflows and the growth
rate used for extrapolation purposes.

1.17.2.2 Taxes

Deferred tax assets are recognized for unused tax losses to the extent that it is probable that taxable profit will be
available against which the losses can be utilized. Significant management judgement is required to determine
the amount of deferred tax assets that can be recognized, based upon the likely timing and the level of future
taxable profits together with future tax planning strategies.

1.17.2.3 Defined benefit plans

The cost of the defined benefit gratuity plan and other post-employment medical benefits and the present value of
the gratuity obligation are determined using actuarial valuations. An actuarial valuation involves making 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. The parameter most
subject to change is the discount rate. In determining the appropriate discount rate for plans operated in India, the
management considers the interest rates of government bonds in currencies consistent with the currencies of the
post-employment benefit obligation.

1.17.2.4 Fair value measurement of financial instruments

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured
based on quoted prices in active markets, their fair value is measured using valuation techniques including the
DCF model. The inputs to these models are taken from observable markets where possible, but where this is not
feasible, a degree of judgement is required in establishing fair values. Judgements include considerations of inputs
such as liquidity risk, credit risk and volatility. Changes in assumptions about these factors could affect the reported
fair value of financial instruments.

1.18 SEGMENT REPORTING

The Management of the company monitors the operating results of its business Segments for the purpose of making
decisions about resource allocation and performance assessment. Segment performance is evaluated based on profit or loss
and is measured consistently with profit or loss in the financial statements. The Operating segments have been identified
on the basis of the nature of products / services.

a) Segment revenue includes directly identifiable with/ allocable to the segment including inter-segment revenue.

b) Expenses that are directly identifiable with / allocable to segments are considered for determining the segment result.

c) Expenses which relate to the Company as a whole and not allocable to segments are included under unallocable

expenditure.

d) Income which relates to the Company as a whole and not allocable to segments is included in unallocable income.

e) Segment assets including CWIP and liabilities include those directly identifiable with the respective segments.

f) Unallocable assets and liabilities represent the assets and liabilities that relate to the Company as a whole and not
allocable to any segment.

Note :

1. The land & building being leasehold land, was transferred to the company vide order of Hon'ble High Court of Calcutta
dated 15/05/ 79, passed u/s 391(2), 392, 393 and 394 of the Companies Act 1956, w.e.f. 01/07/1977 amalgamating M/s

J.K. Steel Industries Ltd. with the company. The original title deeds are held in the name of transferror company and by
virtue of order of Hon'ble High Court, the lease hold rights now vest with the company.

2. The floors are part of Eight Floor (Ground 7 floors Basement) building at GK-II, Masjid Moth, New Delhi. The land
was allotted on perpetual lease to M/s Vipps India Delhi, a partnership firm having its registered office at 16, Ring Road,
Lajpat Nagar, New Delhi by Delhi Development Authority vide lease deed dated 06th Feb 1981. The company entered
into registered agreement for sale dated 5th Sep 1985 with M/s VIPPS India for constructing the aforesaid multistorey
commercial building and to sell the same to erstwhile M/s J.K. Synthetics Ltd. The entire consideration or purchase price
in terms of agreeement dated 5th Sep 1985 including additional purchase price agreed to be paid pursuant to agreement
dated 7th Dec 1988 was paid by the company to M/s VIPPS INDIA who handed over and delivered possession of
the building to the company. In view of above the company is seized of and otherwise sufficiently entitled to the said
building having acquired from VIPPS INDIA perpetual rentable and transferable ownership rights thereof.

35 Terms and conditions of transactions with related parties

The sales and purchases from related parties are made on terms equivalent to those that prevail in arm's length
transactions. Outstanding balances at the year-end are unsecured and interest free and settlement occurs in cash.
There have been no guarantees provided or received for any related party receivables or payables.

36 Previous year's figures have been restated/recasted/regrouped wherever necessary to confirm to the classification
of the year.

37 The business of the associate Nebula 3D Services Private Limited has substantial accumulated losses carried forward
from previous years resulting in erosion of Net worth as at 31st March 2025. However, the management is having a
positive future outlook of the Associate's business as a going concern. Therefore the management opines that there
is no need to impair the value of Investment in Associate.

38 Other Matters

The company did not enter any transaction with companies struck off under section 24B of the Companies

A. Act, 2013 or section 560 of Companies Act, 1956. There are no outstanding balances (payable to/receivable
from) with struck off companies.

There are no charges or satisfaction yet to be registered with Ministry of Corporate Affairs/ Registrar of

B. Companies beyond the statutory period as no loans/guarantees have been taken by the company except the
following charges with Ministry of Corporate Affairs/ Registrar of Companies are still pending with Banks:

(ii) The company has not created charge on fixed deposit pledge with bank against overdraft facility . But same is
not required to be registered as per the arrangement with the bank.

C. The company has complied with prescribed number of layers of companies.

D. The company has not entered in any Scheme of Arrangements and no Scheme of Arrangements has been
approved by the Competent Authority in terms of section 230 to 237 of the Companies Act 2013.

E. The company did not hold any Benami Properties and no proceedings has been initiated or pending against
the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of
1988) and rules made thereunder.

F. The company is not declared willful defaulter by any bank or financial institution or any other lender.

G. The company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

H. Sec. 135 of the Companies Act 2013 with respect to CSR applicability, does not apply to the company.

I. There are no unrecorded transactions in the books of accounts, which have been surrendered/disclosed as
income during the year in the tax assessments under the Income Tax Act 1961.

J. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any
other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign
entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the
Intermediary shall, 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 provide any guarantee, security or
the like on behalf of the Ultimate Beneficiaries.

K. No funds have been received by the Company from any person(s) or entity(ies), including foreign entities
("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company
shall, 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 provide any guarantee, security or the like on
behalf of the Ultimate Beneficiaries.

L In the opinion of the management and to the best of their knowledge and belief the value on the realisation
of the current assets, loans, if realised in the ordinary course of business, will not be less than the amount at
which they have been stated in the Balance Sheet.

39 Employee Benefits

The Company Contributes to the following post-employment defined benefit plans in India:

Disclosures in terms of Ind AS-19 are as under:-

i). Defined Contribution Plans

The Company makes Contribution towards Provident Fund and Superannuation Fund to a defined
contribution retirement benefit plan for qualifying employees. Under the plan, the Company is required to
contribute a specified percentage of payroll cost to the retirement benefit plan to the fund benefits. The defined
contribution plan recognised as expenses are as under:

40 Disclosure under Section 45-IA of the RBI Act:

As per the financial statements as at 31st March, 2025, the financial assets constitute more than 50 percent of the
total assets and income from financial assets constitute more than 50% of the gross income due to which company
covered under section 45 IA of the Reserve Bank of India Act, 1934. But the company is engaged in the main business
of digital manufacturing, software designing & development and manufacturing of parts and accessories used in
aerospace sector. Further the company is not engaged in the business which attract the requirement of registration
under section 45 IA of the Reserve Bank of India Act, 1934 except that the company has made investment in wholly
owned subsidiary / group companies. Therefore management is of the view that the company is not required to be
registered under section 45 IA of the Reserve Bank of India Act, 1934. However, the management will take opinion
on this subject subsequent to the close of the year.

43 Restatement

During the financial year ended 31st March, 2025, the company discovered that the amount of investment in
subsidiary was not eliminated in financial statements for the year ended on 31-03-2024 . Consequently amount of
investment and other equity were shown excess by Rs. 792 lakh in the financial statements for the year ended on
31st March, 2024 .Financial statements for the year ended 31st March 2024 has been restated to correct this error. The
effect of the restatement on those financial statements is summarized below. There is no effect in the quarterly and
year ended financial results for the period ended 31st March, 2025.

44 The company has acquired 97.48 percent fully paid up shares in J.K. Technosoft Limited through a swap of shares
on 27th March, 2025. and issued 54,53,754 equity shares to the share holders of JK Technosoft Limited at a premium
of Rs 162/- per share for consideration other than cash towards payment of the total purchase consideration of Rs
88,89,61,902/-pursuant to which J.K. Technosoft Limited has become Subsidiary of the company w.e.f 27th March
2025.

45 Valuation of Investment in J K Urbanscapes Developers Limited

The Company had an investment in 95,10,360 equity shares of erstwhile associate - JK Urbanscapes Developers
Limited , which was classified as an associate company up to the financial year 2020-21. However, during the financial
year 2021-22, JK Urbanscapes Developers Limited made a rights issue at a premium, in which the Company chose
not to participate. As a result, the Company's holding was diluted to 19%, and JK Urbanscapes Developers Limited
ceased to be an associate under applicable accounting standards.

Management View on Fair Valuation of Investment in Erstwhile Associate

While there has been a recent improvement in the net worth of the erstwhile associate company, the management
is of the view that there is currently no clear visibility of sustained future business/profitability. Most of the
statutory approvals critical to the business operations are either still pending or in the process of being obtained.

In the absence of these approvals, and given the early stage of recovery, projections may be highly
speculative and subject to significant uncertainties. As such, reliance on these projections for determining
fair value could misrepresent the true financial position and lead to misinformation for stakeholders.
Accordingly, the management believes that any adjustment to fair value at this stage may not be appropriate and
could result in a valuation that does not reflect the underlying business realities. Therefore, it is prudent to defer the
fair valuation of the investment until there is greater operational clarity and measurable financial performance that
can support a reliable and justified valuation. Investment, therefore , in equity shares of erstwhile associate has been
carried at cost Rupee 1/-

FINANCIAL RISK MANAGEMENT
OBJECTIVES:

The company has proper system of risk management policies and procedure and internal financial control aimed
at ensuring early identification Evaluation and management of key financial risks (Such as credit risk, liquidity risk
and market risk) that may cause as a consequence of business or operation as well as its investing and financial
activities. Risk Management policies and systems are reviewed regularly to reflect changes in market condition and
the Company's activities.

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

--Credit Risk

— Liquidity Risk

— Market Risk

Credit Risk:

The risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge
an obligation. The company's historical experience of collecting receivables and the level of default indicate the
credit risk as low.

The company establish an allowance for impairment that represents its expected credit losses in respect of trade
receivable, loans and other receivable. During the year based on specific assessment , the company has not recognised
any trade receivable, loans and other receivable as bad debts.

Liquidity Risk :

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are
settled by delivering cash or another financial asset.

Prudent the company's approach to managing liquidity is to ensure, as far as possible, that the company will have
sufficient liquidity to meet its liabilities when they are due under both normal and stressed conditions without
incurring unacceptable loss or damage to the company's goodwill/reputation .

The company's current assets aggregate to Rs. 12043.86 lakh, (Rs.13244.82) lakh against an aggregate current liability
of Rs. 818.807 Lakh, (Rs. 1861.37) lakh.

Non Current Liability of Rs. 368.20 Lakh, (Rs.281.68) Lakh on the reporting date 31-03-2025 and Previous year ended
(31.03.2024) respectively. Further, while the company's total equity Rs. 39052.17 lakh, (Rs.15310.27 ) lakh, it has total
borrowings of Rs. 48.60 lakh, (Rs. 366.75) lakh.

In above circumstances , liquidity risk or the risk that the company may not be able to settle or meet obligations as
they become due does not exist.

Market Risk :

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk: currency risk, interest rate risk and other price risk.

The company is not an active investor in equity markets.

FAIR VALUE MEASUREMENT:

Fair value hierarchy:

Fair value of the financial instruments is classified in various fair value hierarchies based on the following three
levels

Level 1:

Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the
measurement date. A quoted price in an active market provides the most reliable evidence of fair value and shall be
used without adjustment to measure fair value.

Level 2:

Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or
liability, either directly or indirectly.

Level 3:

Level 3 inputs are unobservable inputs for the asset or liability. Unobservable inputs shall be used to measure fair
value to the extent that relevant observable inputs are not available.

The fair value of trade receivable, loan ,trade payable and current financial assets and liabilities is considered to be
equal to the carrying amounts of these items due their short term nature.

49 The Financial statements were approved for issue by the Board of Directors on 29th May, 2025.