15 Provisions and contingencies

a) Provision is recognized (for liabilities that can be measured by using a substantial degree of estimation) when:

b) The company has a present obligation as a result of a past event;

c) A probable outflow of resources embodying economic benefits is expected to settle the obligation; and

d) The amount of the obligation can be reliably estimated

e) Contingent liability is disclosed in case there is:

f) Possible obligation that arises from past events and 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 enterprise;

g) A present obligation arising from past events but is not recognized when it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or

h) A reliable estimate of the amount of the obligation cannot be made.

16 Cash & Cash Equivalents

Cash and cash equivalents comprise cash and cash on deposit with banks and corporations. The Company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents.

17 Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of noncash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

19 Segment Reporting

• The Company identifies primary segments based on the dominant source, nature of risks and returns and the internal organization and management structure. The operating segments are the segments for which separate financial information is available and for which operating profit/loss amounts are evaluated regularly by the executive Management in deciding how to allocate resources and in assessing performance.

• The Company has identified business segments as its primary segment. Business segments are primarily Hi-Tech Fabrication Engineering , Flour Division and Agro Product trading . Revenues and expenses directly attributable to segments are reported under each reportable segment. Expenses which are not directly identifiable to each reportable segment have been allocated on the basis of associated revenues of the segment and manpower efforts. Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment.

Place: Bhopal For RATH DINESH & ASSOCIATES

Date: 22^nd May 2024 Chartered Accountants

FRN:008344C

Sd/-

Ajay Kumar Rath

(Partner)

M.No.075111

UDIN-24075111BKADEL3624