0. Provisions and Contingencies:

1. Provisions

Provisions for legal claims, product warranties and make
good obligations are recognised when the Company has a
present legal or constructive obligation as a result of past
events, it is probable that an outflow of resources will be
required to settle the obligation and the amount can be
reliably estimated. Provisions are not recognised for future
operating losses.

Where there are a number of similar obligations, the
likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a
whole. A provision is recognised even if the likelihood of an
outflow with respect to any one item included in the same
class of obligations may be small.

Long-term provisions are determined by discounting the
expected future cash flows at a pre-tax rate that reflects
current market assessments of the time value of money.
Short term provisions are carried at their redemption value
and are not offset against receivables from reimbursements.

Provisions are measured at the present value of
management's best estimate of the expenditure required
to settle the present obligation at the end of the reporting
period. The discount rate used to determine the present value
is a pre-tax rate that reflects current market assessments of
the time value of money and the risks specific to the liability.
The increase in the provision due to the passage of time is
recognised as interest expense.

ii. Contingent Liabilities

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

iii. Contingent Assets

Contingent Assets are not recognised but are disclosed in
the notes to the financial statements.

P. Earnings per Share:

i. Basic earnings per share

Basic earnings per share is calculated by dividing:

- the profit attributable to owners of the Company,
excluding any costs of servicing equity other than
ordinary shares.

- by the weighted average number of equity shares
outstanding during the financial year, adjusted for
bonus elements in equity shares issued during the year.

ii. Diluted earnings per share

Diluted earnings per share adjusts the figures used in

the determination of basic earnings per share to take into

account:

- the after income tax effect of interest and other
financing costs associated with dilutive potential equity
shares, and

- the weighted average number of additional ordinary
shares that would have been outstanding assuming the
conversion of all dilutive potential equity shares.

Q. Segment Reporting:

Operating segments are reported in a manner consistent

with the internal reporting to the Chief Operating Decision

Maker "CODM" of the Company. The CODM is responsible
for allocating resources and assessing performance of the
operating segment. The Company has monthly review
and forecasting procedure in place and CODM reviews the
operations of the Company as a whole.

R. Exceptional Items:

Certain occasions, the size, type or incidence of an item
of income or expense, pertaining to the ordinary activities
of the Company is such that its disclosure improves the
understanding of the performance of the Company, such
income or expense is classified as an exceptional item and
accordingly, disclosed in the notes accompanying to the
financial statements.

2.2 RECENT PRONOUNCEMENTS

Ministry of Corporate Affairs ("MCA") notifies new standards
or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time
to time. For the year ended March 31, 2025, MCA has
notified Ind AS - 117 Insurance Contracts and amendments
to Ind AS 116 - Leases, relating to sale and leaseback
transactions, applicable to the Company w.e.f. April 1, 2024.
The Company has reviewed the new pronouncements and
based on its evaluation has determined that it does not have
any significant impact in its financial statements.

32. DISCLOSURE AS REQUIRED UNDER IND AS 19 - EMPLOYEE BENEFITS

[A] Defined contribution plans:

The Company makes contributions towards provident fund to defined contribution retirement benefit plan for qualifying
employees. The provident fund contributions are made to Government administered Employees Provident Fund. Both the
employees and the Company make monthly contributions to the Provident Fund Plan equal to a specified percentage of the
covered employee's salary.

The Company recognised ' 43.50 Lakhs (P.Y: ' 29.43 Lakhs) for provident fund contributions in the Statement of Profit
and Loss.

[B] Defined benefit plan:

The Company makes annual contributions to Shilchar Technologies Limited Employees' Gratuity Fund managed by LIC, a
funded defined benefit plan for qualifying employees. The scheme provides for payment to vested employees as under:

i) On normal retirement/early retirement/withdrawal/resignation: As per the provisions of Payment of Gratuity Act, 1972
with vesting period of 5 years of service.

ii) On death in service: As per the provisions of Payment of Gratuity Act, 1972 without any vesting period.

46. OTHER STATUTORY INFORMATION

a) The Company do not have any Benami property, where
any proceeding has been initiated or pending against
the Company for holding any Benami property.

b) The Company do not have any transactions with struck
off companies.

c) The Company do not have any charges or satisfaction
which is yet to be registered with ROC beyond the
statutory period.

d) The Company have not traded or invested in Crypto
currency or Virtual Currency during the year.

e) The Company have 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:

(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

f) The Company have not 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,

g) The Company have 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.

h) There are no Scheme of Arrangements that has been
approved by the Competent Authority in terms of
sections 230 to 237 of the Companies Act, 2013.

Level 1:

Level 1 hierarchy includes financial instruments measured
using quoted prices. This includes mutual funds that have
quoted price. The mutual funds are valued using the closing
NAV.

Level 2:

The fair value of financial instruments that are not traded in
an active market is determined using valuation techniques
which maximize the use of observable market data and
rely as little as possible on entity-specific estimates. If all
significant inputs required to fair value an instrument are
observable, the instrument is included in level 2.

Level 3:

If one or more of the significant inputs is not based on
observable market data, the instrument is included in level 3.

There are no transfers between levels 1 and 2 during the
year.

The Company's policy is to recognise transfers into and
transfers out of fair value hierarchy levels at the end of the
reporting period.

(ii) Valuation technique used to determine fair
value

Specific valuation techniques used to value financial
instruments include:

- the use of quoted market prices or dealer quotes for
similar instruments

- the fair value of the remaining financial instruments is
determined using discounted analysis (if any).

48. FINANCIAL RISK MANAGEMENT

The Company's Board of Directors has overall responsibility
for the establishment and oversight of the Company's risk
management framework.

The Company's risk management policies are established
to identify and analyse the risks faced by the Company,
to set appropriate risk limits and controls and to monitor
risks. Risk management policies and systems are reviewed
regularly to reflect changes in market conditions and the
Company's activities.

(A) Credit risk

Credit risk is the risk of incurring a loss that may arise from
a borrower or debtor failing to make required payments.
Credit risk arises mainly from outstanding receivables from
free market dealers, cash and cash equivalents, employee
advances and security deposits. The Company manages
and analyses the credit risk for each of its new clients
before standard payment and delivery terms and conditions
are offered.

(i) Credit risk management

The Company's exposure to credit risk is influenced mainly
by the individual characteristics of each customer. The
demographics of the customer and including the default
risk of the industry, also has an influence on credit risk
assessment. Credit risk is managed through credit approvals,
establishing credit limits and continuously monitoring the

creditworthiness of customers to which the Company grants
credit terms in the normal course of business.

The Company considers the probability of default upon initial
recognition of asset and whether there has been a significant
increase in credit risk on an ongoing basis through each
reporting period. To assess whether there is a significant
increase in credit risk the Company compares the risk of
default occurring on asset as at the reporting date with the
risk of default as at the date of initial recognition. It considers
reasonable and supportive forwarding-looking information
such as:

i) Actual or expected significant adverse changes
in business;

ii) Actual or expected significant changes in the operating
results of the counterparty;

iii) Financial or economic conditions that are expected to
cause a significant change to the counterparty's ability
to meet its obligations;

iv) Significant increase in credit risk on other financial
instruments of the same counterparty;

v) Significant changes in the value of the collateral
supporting the obligation or in the quality of the third-
party guarantees or credit enhancements.

Financial assets are written off when there is no reasonable
expectations of recovery, such as a debtor failing to engage
in a repayment plan with the Company. Where loans or
receivables have been written off, the Company continues
to engage in enforcement activity to attempt to recover
the receivable due. Where recoveries are made, these are
recognized as income in the statement of profit and loss.

For trade receivables, the Company applies the simplified
approach permitted by Ind AS 109 Financial Instrument,
which requires expected lifetime losses to be recognized
from initial recognition of the receivables. When determining
whether the credit risk of a financial asset has increased
significantly since initial recognition and when estimating
expected credit Losses (ECL), the Company considers
reasonable and relevant information that is available without
undue cost or effort. This includes both quantitative and
qualitative information and analysis, based on the Company's
historical experience and informed credit assessment and
including forward looking information.

(B) 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 responsibility for liquidity risk management rests
with the board of directors, which has established an appropriate liquidity risk management framework for the management
of the Company's short-term, medium-term and long-term funding and liquidity management requirements. The Company
manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously
monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

(i) Maturities of financial liabilities

The tables herewith analyse the Company's financial liabilities into relevant maturity groupings based on their contractual
maturities for:

The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their
carrying balances as the impact of discounting is not significant.

(C) Market risk

(i) Foreign currency risk

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates and equity prices - will
affect the Company's income or the value of its holdings of financial instruments. The objective of market risk management
is to manage and control market risk exposures within acceptable parameters, while optimising the return.

The risk is measured through a forecast of foreign currency for the Company's operations.

49. CAPITAL MANAGEMENT
Risk management

For the purpose of the Company's capital management, equity includes equity share capital and all other equity reserves
attributable to the equity holders of the Company. The Company manages its capital to optimise returns to the shareholders
and makes adjustments to it in light of changes in economic conditions or its business requirements. The Company's
objectives are to safeguard continuity, maintain a strong credit rating and healthy capital ratios in order to support its business
and provide adequate return to shareholders through continuing growth and maximise the shareholders value. The Company
funds its operation through internal accruals. The management and Board of Directors monitor the return on capital as well
as the level of dividends to shareholders.

50. EVENT AFTER REPORTING PERIOD

The Board of Director recommended final dividend of ' 12.50 per equity share for the financial year ended on 31^st March,
2025. The payment is subject to approval of share holder in ensuing Annual General Meeting of the Company. (Previous year
' 12.50 per equity share).

51. These Financial Statements were authorised for issue in accordance with the resolution of the Board of Directors in its
meeting held on 21^st April, 2025.

The accompanying notes are an integral part of the financial statements.

As per our report of even date

For C N K & Associates LLP For and on behalf of Board of Directors of

CHARTERED ACCOUNTANTS Shilchar Technologies Limited

Firm Registration No. 101961W/W-100036

Rachit Sheth Alay Shah Aashay Shah

Partner Managing Director Director

Membership No. 158289 DIN: 00263538 DIN: 06886870

Vishnupriya Civichan Prajesh Purohit

Company Secretary Chief Financial officer

Place: Gavasad, Vadodara Place: Gavasad, Vadodara

Date: 21^st April, 2025 Date: 21^st April, 2025