20 Provisions. Contingent Liabilities and Contingent Assets.

Provisions are recognised only when:

a) The Company has a present obligation (legal or Constructive) as a result of a past event;

b) It is probable that an outflow of resources embodying economic benefits will be required to settle the obligation; and

c) A reliable estimate can be made of the amount of the obligation.

Provision is measured using the cash flows estimated to settle the present obligation and when the effect of time value of money is material.
the carrying amount of the provision is discounted to the present value of those cash flows. Reimbursement expected in respect of
expenditure required to settle a provision is recognised only when it is virtually certain that the reimbursement will be received.

Contingent liability is disclosed in case of:

a) possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or
more uncertain future events beyond the control of the Company

b) a present obligation that is not recognised because it is not probable that an outflow of resources will be required to settle the
obligation.

Accordingly, the company does not recognize a contingent liability but discloses its existence in the financial statements.

Contingent assets are disclosed where an inflow of economic benefits is probable.

Provisions, contingent liabilities and contingent assets are reviewed at each Balance Sheet date. Where the unavoidable costs of meeting
the obligations under the contract exceed the economic benefits expected to be received under such contract, the present obligation under
the contract is recognised and measured as a provision.

21 Statement of Cash Flows

Statement of Cash Flows is prepared segregating the cash flows into operating, investing and financing activities. Cash flow from operating
activities is reported using indirect method, adjusting the net profit for the effects of:

a) Changes during the period in inventories and operating receivables and payables transactions of a non-cash nature;

b) Non-cash items such as depreciation, provisions, and deferred taxes, and;

c) All other items for which the cash effects are investing or financing cash flows.

Cash and cash equivalents (including bank balances) shown in the Statement of Cash Flows exclude items which are not available for
general use as on the date of Balance Sheet.

22 Earnings Per Share

Basic and Diluted earnings per share is calculated by dividing net profit or loss for the period attributable to equity shareholders and
weighted average number of shares outstanding during the period.

Diluted EPS is computed by dividing the net profit / loss attributable to ordinary equity holders of the Company by the weighted average
number of ordinary shares outstanding during the year adjusted for the weighted average number of ordinary shares that would be issued on
conversion of all the dilutive potential ordinary shares into ordinary shares.

The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the
average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as of the beginning of the
period, unless issued at a later date. Dilutive potential equity shares are determined independently for each period presented.

Previous Year's Figures have been regrouped / reclassified wherever necessary

Note :

1 The Cash Credit is secured by first charge by way of hypothecation of Stock and book debts. Further, it is secured by way personal guarantee
provided by Mr. Amit Rambhia - Promoter, Mr. Nikit Rambhia - Promoter, Mr. Devchand Rambhia - Promoter Group.

2 Quarterly returns or Statements of Current assets filed with bank are not in agreement with the books of accounts. Disclosed below are the
details provided by the company to the Lender Bank - Canara Bank and Valuation of Book debts & Stock as per books of accounts and
reasons of their discrepancies.

3 The Company has registered all details of Registration or satisfaction of charge with ROC within the prescribed time limit from the execution of
document.

4 The company has not been declared wilful defaulter by any Banks / Financial Institutions.

Note for discrepancies :

(a) Discrepancy in Inventory is primarily on account of the details being submitted on the basis of provisional books of accounts and due to
estimated overhead rates considered while valuing Finished Goods given to the bank and the actual overhead rates arrived later.

(b) Discepancy in trade receivable is on account of non inclusion of receivables from group companies, customers with discounting facility etc.

In the previous year ended 31 March 2024, Exceptional Item includes write-off of an amount receivable due to non receipt of GST credit,
which had to be paid by the company. Additionally, the company had made advance payments to foreign suppliers for the procurement of
goods. However, due to disputes over the quality and technical specifications of these goods, the company has been unable to recover the
funds or receive the materials. Given the significance and one-time nature of this transaction, it has been disclosed under exceptional items.
Classifying these bad debts as an exceptional item allows for clear distinction from the company's regular operational results, highlighting
that this is a one-time, non-recurring event. This write-off, while impacting the net profit ratio for the year, does not reflect the ongoing
operational performance or the company's ability to generate revenue from its core business activities.

Notes :

The Company has reviewed its disputed liabilities and proceedings and does not expect material impact on financial position of the
Company.

Future cash outflows in respect of the above matters are determinable only on receipt of judgments / decisions pending at various forums /
authorities.

The cash outflows, if any, could generally occur up to five years, being the period over which the validity of the guarantees extends except in
a few cases where the cash outflows, if any, could occur at any time during the subsistence of the borrowing to which the guarantees relate.

The Company, through three layers of defence viz: policies & procedures, review mechanism and assurance, aims to maintain a disciplined
and constructive control environment in which all employees understand their roles and obligations. The audit committee oversees the
formulation and implementation of Risk Management Policies. The risk and mitigation plan are identified, deliberated and reviewed at
appropriate Forums.

A. Market Risk Management

Market Risk is the risk that changes in market prices-such as foreign exchange rates-will affect the company's income or the value of
Financial Instruments. The objective of Market Risk Management is to manage and control market risk exposure within acceptable
parameters, while optimizing the return.

i. Foreign Exchange Risk

In General, the company is a net payer of Foreign Currency. Accordingly, changes in exchange rates and in particular a strengthening of
Indian rupee will positively affect the Company's net results as expressed in Indian Rupees. The currency towards which the company is
exposed to risk is US Dollars.

ii. Interest Rate Risk

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

The Company's exposure to changes in interest rates relates primarily to the Company's Overdraft CC Account, other working capital loans.
The company's total outstanding debt in local currency presented in the Financial Statements are serviced via floating rate Debts. Floating
Rate Debts are linked to domestic interest rate benchmarks issued by Reserve Bank of India like RLLR (Repo Linked Lending Rate).

B. Financial Risk Management

i. Credit Risk

Credit Risk is the Risk of Financial Loss to the company if a customer or counter party to a financial instrument fails to meet its contractual
obligations and arises principally from the Company's receivables from customers and other receivables.

Trade Receivable and other financial assets

The company has established a credit policy under which each new customer is analysed individually for creditworthiness before entering into
the contract, delivery terms and conditions of payments. The company's review includes external ratings (if they are available), financial
statements, industry information and business intelligence.

In monitoring customer credit risk, customers are grouped according to their credit characteristics, including whether they are an individual or
a legal entity, their geographic location, industry, trade history with the Company and existence of previous financial difficulties.

ii. 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 cash or another financial asset. The Company manages liquidity risk by maintaining sufficient cash and bank balances and by
having access to funding through an adequate amount of committed credit lines. Management regularly monitors the position of cash and
cash equivalents vis-a-vis projections. Assessment of maturity profiles of financial assets and financial liabilities including debt financing plans
and maintenance of Balance Sheet liquidity ratios are considered while reviewing the liquidity position.

The Company's Finance Department is responsible for managing the short term and long term liquidity requirements. Short term liquidity
finance is reviewed daily by finance department. Long Term Liquidity position is reviewed on a regular basis by the board of directors and
appropriate decisions are taken according to the situation.

B. Details of Benami Property held

No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions
(Prohibitions Act), 1988 (45 of 1988) and rules made thereunder.

C. Disclosure relating to company being declared as Wilful defaulter

The company has not been declared as wilful defaulter by any Banks or Financial Institution or other lender.

D. Transactions with Struck-off Companies

There were no transactions with any struck-off companies during the year.

E. Disclosure relating to Registration of charge or Satisfaction with ROC beyond Statutory period

All the Charges (be it Fixed or Floating Charge created on the assets of the Company by way of Cash credit or Car Loan or Property Loan or
Term loans) have been registered with ROC within statutory period.

F. Disclosure relating to complaince with number of layers of companies

The company has complied with the number of layers prescribed under clause (87) of section 2 of Companies Act, 2013.

G. Financial Ratios

The Financial ratios for the years ended March 31, 2025 and March 31, 2024 are as follows :

Reasons for variance :

(a) The current ratio improved primarily on account of higher trade receivables and reduction in short-term borrowings during the year, resulting in
stronger liquidity and working capital position

(b) The substantial reduction in the debt-equity ratio was driven by repayment of borrowings and equity infusion during the year, improving the
company's capital structure and reducing financial leverage

(c) DSCR improved significantly due to higher operating profits and lower finance costs, reflecting enhanced ability to meet debt obligations

(d) Return on Equity improved due to substantial growth in net profits, driven by increased revenue and better operational efficiency

(e) The decline in Net Capital Turnover Ratio was due to a higher buildup of working capital - mainly in trade receivables and inventories - leading
to relatively slower capital efficiency

(f) Net profit margin rose sharply on account of improved operating margins, lower interest burden, and absence of exceptional losses compared
to the previous year

H. Note on Undisclosed Income If any

The Company does not have any transaction 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). Also none of the previously unrecorded income and related assets have been recorded in the books of account during the year.

I. Disclosure relating to Complaince with approved scheme of Arrangements

The company has not applied for any Schemes of Arrangements to any Competent Authority in terms of section 230 to 237 of the Companies
Act, 2013.

J. Disclosure relating to reporting under rule 11( e ) of the companies (audit and auditors) rules, 2014 , as amended.

1 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 any other person or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing
or otherwise, that the Intermediary shall, whether, 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.

2 No funds have been received by the Company from any person or entity, including foreign entities (“Funding Parties”), with the understanding,
whether recorded in writing or otherwise, that the Company shall, whether, 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.

AS PER OUR REPORT OF EVEN DATE FOR AND ON BEHALF OF BOARD OF DIRECTORS

FOR JAIN SALIA & ASSOCIATES
CHARTERED ACCOUNTANTS
[ICAI FRNo. 116291W]

MR. AMIT D. RAMBHIA MR. NIKIT D. RAMBHIA

MANAGING DIRECTOR JOINT MANAGING DIRECTOR

CA JAYESH K SALIA DIN:- 00165919 DIN:- 00165678

PARTNER
(MEM NO. 044039)

MR. HARSHIL CHHEDA MR. NITESH M. SAVLA

COMPANY SECRETARY AND CFO & WHOLE TIME DIRECTOR

COMPLIANCE OFFICER DIN:- 05155342

PLACE: MUMBAI

DATED: 13.05.2025 PLACE: MUMBAI

UDIN: 25044039BMJIAI1597 DATED: 13.05.2025