3.14 Provisions & Contingent Liabilities/ Assets:

Provisions are recognized for known liabilities that
can be measured where the Company has a present
obligation as a result of past event. It is probable
that the Company will be required to settle the
obligation, and a reliable estimate can be made of
the amount of obligation.

Contingent Liabilities are disclosed for possible
obligation which will be confirmed only by future
events not wholly within the control of the
Company or present obligations arising from past
events where it is not probable that an outflow of
resources will be required to settle the obligation
or a reliable estimate of the amount of the
obligation cannot be made. Contingent assets are
not recognized in the financial statements.

3.15 Earnings per share

Basic earnings per share is computed by dividing
the profit / (loss) after tax by the weighted average
number of equity shares outstanding during the
year. Diluted earnings per share is computed by
dividing the profit / (loss) after tax as adjusted for
dividend, interest and other charges to expenses
or income related to the dilutive potential equity
shares by the weighted average number of equity
shares considered for basic earnings per share and
the weighted average number of equity shares
including those which could have been issued
on the conversion of all dilutive potential equity
shares.

3.16 Cash flow statement

Cash flows are reported using the indirect method,
whereby the profit/ (loss) and tax is adjusted for the
effects of transactions of non-cash nature and any
deferrals or accruals of past or future cash receipts
or payments. The Cash flows from operating,

investing and financing activities of the Company
are segregated based on available information.

For this purpose, cash comprises of cash on hand
and demand deposits with banks. Cash equivalents
are short term balances with original maturity of
three months or less from the date of acquisition,
highly liquid investments that are readily convertible
into known amounts of cash and which are subject
to insignificant risk of changes in value.

3.17 Financial instruments

Financial assets and liabilities are recognized where
the Company becomes a party to the contractual
provisions of the instruments. They are initially
measured at fair value.

All regular purchases or sale of financial assets are
recognized or derecognized on a trade date basis.

All recognized financial assets are subsequently
measured in their entirety at either amortised cost
or fair value, depending on the classification of the
financial assets.

Debt and equity instruments issued by a Company
are classified as either financial liabilities or equity
in accordance with the substance of the contractual
arrangements and the definition of financial
liabilities and equity instrument.

3.18 Operating cycle

Based on the nature of activities of the Company
and the normal time between acquisition of assets
and their realization into cash/cash equivalents, the
operating cycle has been determined as 12 months
for the purpose of classification of its assets and
liabilities.

The Plant and Equipment assets are revalued as a whole, in place and asa part of of an operating business and are stated at revalued
amounts.There was a gain on revaluation assetsvwas Rs. 315.96 lakhs which is added to the P&E assets. The disclosure details are as
below:

a) The effective date of revaluation is 28th February, 2025

b) An Independent valuer was involved in connducting the revauation.

c) For each revalued class of property , plant and equipment , the carrying amount that would have been recognized and the assets
had been carried under the cost model is Rs.

d) The revaluation surplus has been presented including the change for the period and any restrictions on the distribution of balance
to the shareholders.

Assets pledged as security

Property, Plant and Equipment have been pledged as security for loan from Bank.

Capitalised borrowing cost :

No Borrrowing cost has been capitalised on property, plant and equipment for the year ended 31st March 2024 & 31st March 2025

NOTE 4 B RIGHT OF USE ASSETS

The company has adopted Ind AS 116 retrospectively from April 1, 2019, however the Company does not have any lease
or right of use asset for a tenure exceeding 12 months and hence there is no impact on account of adoption of AS 116.

b. Terms/rights attached to equity shares :

The company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity
shares is entitled to one vote per share. The dividend, if proposed by the Board of Directors, is subject to approval
of the shareholders in the ensuing annual general meeting. In the event of liquidation of the company, the holders
of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential
amounts.

Capital Reserve includes the amounts received as Capital subsidy from Government of Tamil Nadu and those arising out
of amalgamation in earlier years

General Reserve is a free reserve, retained from Company's profits and can be utilised upon fulfilling certain conditions
in accordance with the Companies Act, 2013

Securities Premium account represents the premium received towards allotment of 16,47,390 Rights issue shares in
2008-09 and 2,99,38,818 Rights issue shares in 2013-14 , net of utilisation for permitted purposes under Companies
Act.

Balance will be utilised in accordance of provisions of Section 52 and Section 68 of the Companies Act.

Balance in Retained earnings , when positive, can be distributed by the Company as dividends to its equity shareholders,
in compliance of the Companies Act and depending on the financial position and dividend policy of the Company.

Reserve for equity instruments represents the cumulative gains and losses arising on the revaluation of equity instruments
measured at fair value through Other Comprehensive income.

a) Defined Contribution plans :

The Company operates defined contribution retirement benefit plans for all qualifying employees. The assets of the
plans are held separately from those of the Company under the control of trustees. When any employee leaves the
plans before full vesting of contributions,the contributions payable by the Company are reduced by the amount of
contributions forfeited by said employee.

b) Defined benefit plans :

The Company offers funded defined benefit plans for employees. Under the plans, the employees are entitled to
post-retirement benefits amounting to 57.69% of last drawn monthly salary for each year of completed service until
retirement age or resignation, subject to having specified years of service with the Company. The defined benefit plans
are administered by separate funds, independent of the Company.

The above plans expose the Company to actuarial risks such as Investment, Interest rate, salary and longevity risk.
These risks typically arise out of movement in market yields, interest rate movements, rate of increase in salary of
participants and their tenure with the Company. Some of the risks are partially offset by counter gains of the fund.

No other Post-retirement benefits are provided to the employees.

The actuarial valuation of the plan assets and present value of defined benefit obligation were carried out as at
31st March, 2025 by a certified actuary of the Institute of Actuaries of India. The present value of defined benefit
obligation and the related current service cost and past service cost, were measured using the projected unit credit
method.

Note 40

Financial Instruments

a) Capital management

For the purpose of the Company's capital management, capital includes issued equity capital, securities premium and all
other equity reserves attributable to the equity holders of the Company. The primary objective of the Company's capital
management is to maximise the shareholder value.

The Company's approach on capital management are a) Protecting the ability to continue as a going concern, so that
return to shareholders and benefits to other stakeholders can be continuously provided b) Maintain capital structure in
such a manner to minimise the weighted average cost of capital.

c) Financial risk management objectives

Based on the Company's activities, it is exposed to market risk, liquidity risk and credit risk. The following
explains the manner in which the Company manages the risk.

i) Market risk arising from interest rate movement on long term borrowings are monitored through trend and
sensitivity analysis and managed through negotiations

ii) Liquidity risk on account of borrowings and other liabilities are monitored through cash flow analysis and
managed through having adequate sanctioned undrawn funded and non funded facilities. This addresses the
financial liabilities portion.

iii) Credit risk on account of trade receivables and financial assets measured at amortised cost are measured
through ageing analysis, counter party risk analysis and financial analysis, managed through review of credit
limits, follow up and secured mode of payment.

The Company does not have any risk associated with foreign currency transactions or price risk from current

investments.

Fair Value measurements

The Company measures some of the financial assets and liabilities at fair value at the end of the reporting period. The

following gives the information on how the fair valuation is done :

NOTE 41

EVENTS AFTER THE REPORTING PERIOD

Subsequent to the end of the financial year, the Company undertook certain events impacting its capital structure
and financial position:

1. Preferential Issue of Equity Shares

The Company proposed the issue of 66,72,722 equity shares of face value '10 each at a price of '40.05 per share
(including a premium of '30.05 per share) on a preferential basis to certain identified allottees from both Promoter
and Non-Promoter groups. The proposal was approved by the shareholders through postal ballot on March 27, 2025,
and in-principle approval was received from BSE Limited on April 23, 2025. Pursuant to these approvals, the Company
allotted 16,49,840 equity shares aggregating to '6,60,76,092 on 8th May 2025, and listing approval for the same was
received from BSE Limited on July 16, 2025.

2. Sub-division of Preference Shares

The Company approved the sub-division of each preference share of face value '100 into ten preference shares of face
value '10 each, to facilitate greater flexibility in capital structuring.

3. Reclassification of Authorized Share Capital

The authorised share capital of the Company was reclassified from '72,00,00,000 divided into 4,00,00,000 equity
shares of '10 each and 3,20,00,000 preference shares of '10 each, to '72,00,00,000 divided into 5,20,00,000 equity
shares of '10 each and 2,00,00,000 preference shares of '10 each. Accordingly, Clause V of the Memorandum of
Association was amended.

NOTE 43

No proceeding has been initiated or are pending against the Company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

NOTE 44

The Company has not been declared wilful defaulter by any bank or financial institution or any other lender.

NOTE 45

The Company has not had any transactions with companies struck off under Section 248 of the Companies Act,2013 or
Section 560 of the Companies Act,1956

NOTE 46

There are no charges or satisfaction pending to be registered with Registrar of Companies beyond the statutory time
limit

NOTE 47

The Company does not have any layers prescribed under clause (87) of section 2 of the Companies Act, 2013, read with
the Companies (Restriction on number of Layers) Rules, 2017.

NOTE 48

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.

NOTE 49

The Company has not traded or invested in Crypto Currency or Virtual Currency during the year.

NOTE 50

Utilisation of borrowed funds and share premium:

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:

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 to or on behalf of the ultimate beneficiaries.

The Company has 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:

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

a. Provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

NOTE 51

The Company does not have any Core Investment Companies in the group.

NOTE 52

APPROVAL OF FINANCIAL STATEMENTS

The Financial statements were reviewed and recommended by the Audit committee and has been approved by the
Board of Directors in their respective meeting held on 20th May 2025.

NOTE 53

The company maintains proper books of account as required by the law. The books of account are also electronically
maintained by the company. The backup is maintained in servers located in India. The accounting software has the
feature of recording audit trail of each and every transaction.

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

As per our report of even date For & on Behalf of the Board

For CNGSN & Associates LLP
Chartered Accountants
F.R.No.004915S

Sonali Khatod M Ennarasu Karunesan G V Manimaran

Partner Director Chairman & Managing Director

Membership No.254938 DIN: 00200432 DIN: 09707546

UDIN : 25254938BMOYTD3191

Chennai Sneha Jain A K Babu Ismath Razack

20^th May, 2025 Company Secretary Chief Financial Officer