(xvi) Provisions , Contingent Liabilities, Contingent Assets and Commitments

(a) General

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a
past event, it is probable that an outflow of resources embodying economic benefits will be required to settle
the obligation and a reliable estimate can be made of the amount of the obligation. If the effect of the time
value of money is material, the amount of a provision shall be the present value of expense expected to be
required to settle the obligation, provisions are therefore discounted when effect is material. The discount
rate shall be pre-tax rate that reflects current market assessment of time value of money and risk specific to
the liability. Unwinding of the discount is recognised in the Statement of Profit and Loss as a finance cost.
Provisions are reviewed at each balance sheet date and are adjusted to reflect the current best estimate.

(b) Contingencies

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. Information on contingent liability is disclosed in the Notes to the Financial Statements.

A contingent asset is a possible asset that arises from past events and whose existence will be confirmed
only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the
control of the entity, Contingent assets are not recognised, but are disclosed in the notes. However, when
the realisation of income is virtually certain, then the related asset is no longer a contingent asset, but it is
recognised as an asset.

(xvii) Share capital and Share Premium

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares are
shown in equity as a deduction, net of tax, from the proceeds.

Par value of the equity share is recorded as share capital and the amount received in excess of the par value is
classified as share premium.

(xviii) Revenue Recognition

(a) Sale of goods and Services

Revenue from sale of manufactured goods is recognised on satisfaction of performance obligation upon
transfer of control of promised products to customers in an amount that reflects the consideration the
Company expects to receive in exchange for those products.

Revenue from rendering of services (other than EPC business) is recognised over time as and when the
customer receives the benefit of the Company's performance and the Company has an enforceable right to
payment for services transferred.

Contract revenue, i.e. revenue from EPC business, is recognised over time to the extent of performance
obligation satisfied and control is transferred to the customer. Contract revenue is recognised at allocable
transaction price which represents the cost of work performed on the contract plus proportionate margin,
using the percentage of completion method. Percentage of completion is the proportion of cost of work
performed to-date, to the total estimated contract costs Unbilled revenue represents value of goods and
services performed in accordance with the contract terms but not billed.

The amount of retention money held by the customers pending completion of performance milestone is
disclosed as part of contract asset termed as "Security Deposits" and is reclassified as trade receivables
when it becomes due for payment.

(b) Other Income

- Interest income

Interest income is recognised on a time proportion basis using the effective interest method. When
a receivable is impaired, the Company reduces the carrying amount to its recoverable amount, being
the estimated future cash flows discounted at the original effective interest rate of the instrument and
continues unwinding the discount as interest income. Interest income on impaired loans is recognised using
the original effective interest rate.

- Dividends

Dividend is recognised when the Company's right to receive the payment is established, which is generally
when shareholders approve the dividend.

(xix) Taxation
Income tax

Income tax expense comprises current tax expense and the net change in the deferred tax asset or liability during
the year. Current and deferred taxes are recognised in Statement of Profit and Loss, except when they relate to
items that are recognised in other comprehensive income or directly in equity, in which case, the current and
deferred tax are also recognised in other comprehensive income or directly in equity, respectively

Current tax

Current tax is measured at the amount of tax expected to be payable on the taxable income for the year as
determined in accordance with the provisions of the Income Tax Act,1961 that have been enacted or subsequently
enacted at the end of the reporting period.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the
recognised amounts and there is an intention to settle the asset and the liability on a net basis.

Deferred tax

Deferred income tax assets and liabilities are recognised for deductible and taxable temporary differences arising
between the tax base of assets and liabilities and their carrying amount, except when the deferred income tax
arises from the initial recognition of an asset or liability in a transaction that is not a business combination and
affects neither accounting nor taxable profit or loss at the time of the transaction.

Deferred tax assets are recognised only to the extent that it is probable that either future taxable profits or
reversal of deferred tax liabilities will be available, against which the deductible temporary differences, and the
carry forward of unused tax credits and unused tax losses can be utilised.

The carrying amount of a deferred tax asset is reviewed at the end of each reporting date and reduced to the
extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred
income tax asset to be utilised.

Deferred tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or
substantively enacted by the end of the reporting period and are expected to apply when the related deferred tax
asset is realised or the deferred tax liability is settled.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets
and liabilities and when it relates to income taxes levied by the same taxation authority and the Company intends
to settle its current tax assets and liabilities simultaneously.

During the year ended 31 March, 2020, the Government of India vide taxation Laws (Amendment) Tax Ordinance
, 2019 has allowed an option to the domestic companies to switch to a lower tax rate structure of 22 % (25.168
% including surcharge and cess) from the earlier 30 % (34.944 % including surcharge and cess) subject to the
condition that the Company will not avail any of the specified deductions/ incentives under the Income Tax Act,
1961. The Company has opted for this new rate structure and made current tax/deferred tax Provision with the new
rates.

(xx) Provisions

A provision is recognised when the Company has a present obligation as a result of past events and it is probable
that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate of the
amount can be made. Provisions are determined based on best estimate required to settle the obligation at the
Balance Sheet date. When a provision is measured using the cash flows estimated to settle the present obligation,
its carrying amount is the present value of those cash flows (when the effect of the time value of the money is
material). The increase in the provisions due to passage of time is recognised as interest expense. Provisions are
reviewed as at each reporting date and adjusted to reflect the current best estimate, 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. Contingent assets are
not disclosed in the financial statements unless an inflow of economic benefits is probable.

(xxi) Earnings per Share

As per Ind AS 33, Earning Per Share, Basic earnings per share are computed by dividing the net profit for the
year attributable to the shareholders' and weighted average number of shares outstanding during the year. The
weighted average numbers of shares also includes fixed number of equity shares that are issuable on conversion
of compulsorily convertible preference shares, debentures or any other instrument, from the date consideration
is receivable (generally the date of their issue) of such instruments. Diluted earnings per share is computed using
the net profit for the year attributable to the shareholder' and weighted average number of equity and potential
equity shares outstanding during the year including share options, convertible preference shares and debentures,
except where the result would be anti-dilutive. Potential equity shares that are converted during the year are
included in the calculation of diluted earnings per share, from the beginning of the year or date of issuance of such
potential equity shares, to the date of conversion.

(xxii) Employee Benefits

Employee benefits include provident fund, employee state insurance scheme, gratuity, compensated absences
and performance incentives.

Provident Fund:

The Company has Defined Contribution plan for the post employment benefits namely Provident Fund which is
recognised by the income tax authorities. These funds are administered through the Regional Provident Fund
Commissioner and the Company's contributions thereto are charged to Statement of Profit and Loss every year.

Compensated Absences:

Accumulated compensated absences, which are expected to be availed or encashed within 12
months from the end of the year end are treated as short term employee benefits. The obligation
towards the same is measured at the expected cost of accumulating compensated absences as
the additional amount expected to be paid as a result of the unused entitlement as at the year end.
Accumulated compensated absences, which are expected to be encashed beyond 12 months from the end of the
year end are treated as other long term employee benefits. The Company's liability is actuarially determined (using
the Projected Unit Credit method) at the end of each year. Actuarial losses/ gains are recognised in the Statement
of Profit and Loss in other comprehensive income in the year in which it arise.

Gratuity:

The Company has Defined Benefit plan, namely gratuity for employees (unfunded), the liability for which is
determined on the basis of an actuarial valuation (using the Projected Unit Credit method) at the end of each
annual reporting period. Remeasurements, comprising actuarial gains and losses, the effect of the changes to
the return on plan assets (excluding net interest), is reflected immediately in the balance sheet with a charge or
credit recognised in other comprehensive income in the period in which they occur.

(xxiii) Disclosure in respect of operating leases as per IND AS 116 'Leases'

The Company, as a lessee, recognises a right-of-use asset and a lease liability for its leasing arrangements, if the
contract conveys the right to control the use of an identified asset. The contract conveys the right to control the
use of an identified asset, if it involves the use of an identified asset and the Company has substantially all of the
economic benefits from use of the asset and has right to direct the use of the identified asset. The cost of the
right-of-use asset shall comprise of the amount of the initial measurement of the lease liability adjusted for any
lease payments made at or before the commencement date plus any initial direct costs incurred. The right-of-use
assets is subsequently measured at cost less any accumulated depreciation, accumulated impairment losses, if
any and adjusted for any remeasurement of the lease liability. The right-of-use assets is depreciated using the
straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use
asset.

The Company measures the lease liability at the present value of the lease payments that are not paid at the
commencement date of the lease. The lease payments are discounted using the interest rate implicit in the lease,
if that rate can be readily determined. If that rate cannot be readily determined, the Company uses incremental
borrowing rate. For short-term and low value leases, the Company recognises the lease payments as an operating
expense on a straight-line basis over the lease term

(xxiv) Related Party Transactions

Disclosure is being made separately for all the transactions with related parties as specified under IND AS 24
"Related Party Disclosure" issued by the Institute Chartered Accountants of India.

(xxv) Dividend

Final dividend on shares are recorded as a liability on the date of approval by the shareholders and interim
dividends are recorded as a liability on the date of declaration by the Company's Board of Directors.

(xxvi) Segment Reporting

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 Managing Director (who is the Company's Chief
Operating Decision Maker) in deciding how to allocate resources and in assessing performance.

The accounting policies adopted for segment reporting are in conformity with the accounting policies of the
Company. Segment revenue, segment expenses, segment assets and segment liabilities have been identified
to segments on the basis of their relationship to the operating activities of the segment. Inter segment revenue
is accounted on the basis of transactions which are primarily determined based on market / fair value factors.
Revenue, expenses, assets and liabilities which relate to the Company as a whole and are not allocable to segments
on a reasonable basis have been included under 'unallocated revenue / expenses / assets / liabilities'.

(xxvii) Recent Accounting Developments

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. On March 23, 2022, MCA amended
the Companies (Indian Accounting Standards) Amendment Rules, 2022, as below.

Ind AS 16 - Property Plant and equipment - The amendment clarifies that excess of net sale proceeds of items
produced over the cost of testing, if any, shall not be recognised in the profit or loss but deducted from the directly
attributable costs considered as part of cost of an item of property, plant, and equipment. The effective date for
adoption of this amendment is annual periods beginning on or after April 1, 2022. The Company has evaluated the
amendment and there is no impact on its financial statements.

Ind AS 37 - Provisions, Contingent Liabilities and Contingent Assets - The amendment specifies that the 'cost
of fulfilling' a contract comprises the 'costs that relate directly to the contract'. Costs that relate directly to a
contract can either be incremental costs of fulfilling that contract (examples would be direct labour, materials)
or an allocation of other costs that relate directly to fulfilling contracts (an example would be the allocation of the
depreciation charge for an item of property, plant and equipment used in fulfilling the contract). The effective
date for adoption of this amendment is annual periods beginning on or after April 1, 2022, although early adoption
is permitted. The Company has evaluated the amendment and the impact is not expected to be material.

(xxviii) Exceptional Items include income/expenses that are considered to be part of ordinary activities, however of
such significance and nature that separate disclosure enables the users of financial statements to understand
the impact in more meaningful manner. Exceptional items are identified by virtue of their size, nature and
incidences.

(xxix) The figures appearing in the Financial Statements is rounded off to the nearest lakh or decimals thereof.

D. Equity Shares alloted as fully paid up Bonus Shares for the period of five years immediately preceding 31 March, 2024

The Company has allotted 1,42,85,264 fully paid-up shares of face value '10/- each during the quarter ended September
30, 2021 pursuant to bonus issue approved by the shareholders through postal ballot.The bonus shares were issued by
capitalization of profits transferred from general reserve.Bonus share of one equity share for every equity share held has
been allotted.

The bonus shares once allotted shall rank pari passu in all respects and carry the same rights as the existing equity shareholders
and shall be entitled to participate in full,in any dividend and other corporate action, recommended and declared after the
new equity shares are allotted.

The Company has allotted 126,28,21,120 fully paid-up shares of face value '1.00/- each as on 03 Feb -2024 pursuant to bonus
issue approved by the shareholders through postal ballot.The bonus shares were issued by capitalization of Securities
Premium. Bonus share of four equity share for every equity share held has been allotted.

The bonus shares once allotted shall rank pari passu in all respects and carry the same rights as the existing equity shareholders
and shall be entitled to participate in full,in any dividend and other corporate action, recommended and declared after the
new equity shares are allotted.

E. Rights, Preferences and restrictions attached to shares

The company has only one class of equity shares having a par value of ' 10/- per share. Each Shareholder is eligible for one
vote per share. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company,
after distribution of all prefential amounts, in proportion of their shareholding.

F. The Company has issued 10,00,000 Equity Shares at a premium of ' 161 per share on conversion of convertible Warrants
alloted on 27-Aug-2020 on preferential basis.

G. The Board of Directors in its meeting held on June 3, 2021 have recommended for approval by shareholders, bonus issue of
1 (one) equity share of ' 10/- each for every 1 (one) equity shares of ' 10/- each held by shareholders of the Company as on
the record date, subject to approval of the shareholders. Pursuant to the approval of the shareholders through postal ballot
(including remote e-voting), the Company alloted 1,42,85,264 bonus equity shares of ' 10/- each as fully paid-up bonus equity
shares, in the proportion of 1 (One) equity share of ' 10/- each for every 1 (One) existing equity shares of ' 10/- each to the
equity shareholders of the Company as on record date of July 13, 2021. Consequently, the Company capitalised a sum of INR
2857.05 lakh from 'other equity' (securities premium) to 'equity share capital'.

The earning per share has been adjusted for bonus issue for previous year presented.

H. Pursuant to the approval of the board of directors of the Company (the 'Board'), at its meeting held on June 22, 2022, and
the shareholders of the Company, through Postal Ballot on July 27, 2022, the Fund Raising Committee of the Board (the
'Committee'), at its meeting held on September 06, 2022 approved the issue and allotment of 3,00,00,000 Equity Shares
to QIBs at the issue price of ' 27.30 per Equity Share (including a premium of Rs. 26.30 per Equity Share), aggregating to
'81,90,00,000 (Rs Eighty One Crore Ninety Lakh only), pursuant to the Issue. Pursuant to the allotment of Equity Shares in the
Issue, the paid-up Equity Share capital stands increased to ' 31,57,05,280 consisting of 31,57,05,280 Equity Shares.

I. The Board of Directors at their meeting held on April 30, 2022 approved the sub-division of each equity share of face value of
' 10/- each fully paid up into 10 equity shares of face value of ' 1/- each fully paid up. The same was approved by the members
on June 7, 2022 through postal ballot and e-voting. The effective date of sub-division was June 28, 2022.

J. The company at the meeting held on Apr 30, 2024 approved the allotment of 11,57,43,890 equity shares of face value of
'1/- each to "Non-promoter, Public Category” at an issue price of ' 14.40/- (including a premium of ' 13.40/- each).

K. The Board of Directors at their meeting held on May 07, 2024 approved the allotment of 3,25,00,000 fully paid-up equity shares
of face value of ' 1/- each, pursuant to conversion of 3,25,00,000 fully convertible warrants into said equal number of equity
shares at an issue price of Rs. 14.40/- (including a premium of ' 13.40/- each). However still 5,36,80,000 Warrants are pending
for conversion on account of payment of balance 75% amount payable by them.

Provision for Gratuity

Company provides gratuity for employees as per the Payment of Gratuity Act 1972. Employees who are in continuous service for a
period of 5 years are eligible for gratuity. The Company has an unfunded gratuity plan.

Provision for Compensated Absences:

Compensated Absences is a terminal employee benefit, which covers Company's liability towards earned leaves of employees of
the Company

2. Disclosure pursuant to Ind AS 19 "Employee Benefits"

(i) Defined Contribution Plans:

The Company makes Provident Fund, Superannuation Fund and Employee State Insurance Scheme contributions which
are defined contribution plans, for qualifying employees. Under the schemes, the Company is required to contribute a
specified percentage of the payroll costs to fund the benefits. The Company recognised Rs. 182.49 Lakh (previous year
Rs. 188.38 Lakh) for Provident Fund contributions, and Rs. 42.46 Lakh (previous year Rs. 49.62 Lakh) for Employee State
Insurance Scheme contributions in the statement of profit and loss. The contributions payable to these plans by the
Company are at rates specified in the rules of the schemes.

(ii) Defined Benefit Plans (Unfunded):

(a) Gratuity: The Company has an unfunded defined benefit gratuity plan which entitles every employee who departs
after the completion of 5 or more years of service to a gratuity calculated at fifteen days salary (last drawn salary) for
each completed year of service, in accordance with the Payment of Gratuity Act, 1972. The same is payable at the time
of separation from the Company or retirement, whichever is earlier. The benefits vest after five years of continuous
service.

Note 41 : Disclosure pursuant to Ind AS 108 "Operating Segment"

(a) Information about Operating segment:

Basis of identifying Operating segments:

Operating segments are identified as those components of the Company (a) that engage in business activities to earn revenues
and incur expenses (including transactions with any of the Company's other components; (b) whose operating results are
regularly reviewed by the Company's Chief Operating Decision Maker (CODM) to make decisions about resource allocation and
performance assessment; and (c) for which discrete financial information is available.

The company has two reportable segments as described under "Reportable Segments” below. The nature of products and
services offered by these businesses are different and are managed separately given the different sets of technology and
competency requirements.

Reportable Segments :

An operating segment is classified as reportable segment if reported revenue (including inter-segment revenue) or absolute
amount of result or assets exceed 10% or more of the combined total of all the operating segments.

Reportable Segments are as under:

• Steel Structure : comprises manufacturing and sale of Galvanized and Non-galvanised Steel Structures including
Telecom Towers, Transmission Line Towers and Solar Panels.

• Engineering, Procurement and Construction (EPC) Projects : comprises of survey, supply of materials, design,
erection, testing and commissioning on a trunkey basis.

Segment Revenue, Expenditure and Profit:

Performance of a segment is measured based on segment profit (before interest and tax), as included in the internal
management reports that are reviewed by the CODM.

Revenue and expenses directly attributable to segments are reported under each reportable segment. Expenses which are
not directly identifiable to each reporting segment have been allocated on the basis of associated revenue of the segment or
manpower efforts. All other expenses which are not attributable or allocable to segments have been disclosed as unallocable
expenses.

The carrying amounts of trade and other receivables, cash and cash equivalents, trade and other payables are considered to
be the same as their fair values due to their short term nature.

All the financial asset and financial liabilities measured at amortised cost, carrying value is an approximation of their
respective fair value.

Investment in Subsidiaries, Joint Ventures which are measured at cost in accordance with Ind AS 27 "Separate Financial
Statements". Accordingly these items have not been included in the above table.

(b) Fair value hierarchy

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are
(a) recognised and measured at fair value and (b) measured at amortised cost and for which fair values are disclosed in the
financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the Company
has classified its financial instruments into the three levels prescribed under the accounting standard, described as follows:

Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

Level 2 - The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximise 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.
This is the case for unlisted equity securities, security deposits included in level 3.

The following table provides the fair value measurement hierarchy of the Company's financial assets and liabilities that are
measured at fair value or where fair value disclosure is required.

There have been no transfers between levels during the period.

(c) Assets and liabilities which are measured at amortised cost for which fair values are disclosed

All the financial asset and financial liabilities measured at amortised cost, carrying value is an approximation of their
respective fair value.

Note 50 : Financial risk management

The Company is exposed to market risk (including currency risk, interest rate risk and other price risk), credit risk and liquidity
risk. The Company's risk management strategies focus on the un-predictability of these elements and seek to minimise the
potential adverse effects on its financial performance

The Company's risk management is carried out by a treasury department under policies approved by the Board of Directors.
Company Treasury Department identifies, evaluates and hedges financial risks in close co-operation with the Company's
operating units. The board provides principles for overall risk management, as well as policies covering specific areas, such as
hedging of foreign currency transactions foreign exchange risk.

1. Market Risk

Market risk is the risk that the fair value of 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, such as
equity price risk and commodity risk. The value of a financial instrument may change as a result of changes in the interest
rates, foreign currency exchange rates, equity price fluctuations, liquidity and other market changes. Financial instruments
affected by market risk include loans and borrowings, deposits, investments and derivative financial instruments.

(i) Foreign currency risk management

Foreign exchange risk arises on future commercial transactions and on all recognised monetary assets and liabilities,
which are denominated in a currency other than the functional currency of the Company. The Company's management has
set a policy wherein exposure is identified, a benchmark is set and monitored closely, and accordingly suitable hedges are
undertaken. The policy also includes mandatory initial hedging requirements for exposure above a threshold.

Derivative financial instruments and hedging activity

The Company has entered into hedging contracts by way of foreign exchange forward contracts

Based on the movements in the foreign exchange rates historically and the prevailing market conditions as at the reporting
date, the Company's Management has concluded that the above mentioned rates used for sensitivity are reasonable
benchmarks.

The Company's foreign currency exposure arises mainly from foreign exchange imports and exports , primarily with
respect to USD.

(ii) Interest rate risk management

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 rates. The Company's exposure to the risk of changes in market rates relates primarily to the Company's
outstanding floating rate debt with floating interest rates.

Company has fixed deposits as margin money for a period between 3 months to 4 years. All fixed deposits are with banks,
accordingly there is no significant interest rate risk pertaining to these deposits.

The exposure of the Company's borrowing to interest rate changes at the end of the reporting period are as follows:

2. Credit risk management

The Company's customer profile include public sector enterprises, state owned companies and large private corporates.

Accordingly, the Company's customer credit risk is low. The Company's average project execution cycle is around 18 to 36
months. General payment terms include mobilisation advance, monthly progress payments with a credit period ranging from
45 to 90 days and certain retention money to be released at the end of the project. In some cases, retentions are substituted
with bank/ corporate guarantees. The Company has a detailed review mechanism of overdue customer receivables at various
levels within the organisation to ensure proper attention and focus for realisation.

3. Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The objective of
liquidity risk management is to maintain sufficient liquidity and ensure that funds are available for use as and when required.

The Company's Policy includes an appropriate liquidity risk management framework for the management of the short-term,
medium-term and long term funding and cash management requirements. The Company manages the liquidity risk by
maintaining adequate cash 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.

Maturities of financial liabilities:

The tables below provide details regarding the contractual maturities of non-derivative financial liabilities. The amounts
disclosed in the table are the contractual undiscounted cash flows.

The Conveyance deed is in the name of Salasar Stainless Ltd., erstwhile company that has merged with the Company under
section 230 and section 232 of the Companies Act, 2013 in terms of the approval of the Honourable National Company Law
Tribunal, Special bench, New Delhi dt. 09-Jan-2019.

(b) Details of transaction with companies struck off under section 248 of the Companies Act, 2013

The company does not have any relationship with companies struck off (as defined by Companies Act, 2013) and did not enter
into transactions with any such company for the years ended March 31,2025 and March 31,2024 .

(c) The Company has not traded or invested in Crypto currency or Virtual Currency during the reporting years.

(d) The Company has not been declared a wilful defaulter by any bank or financial institution or consortium thereof in
accordance with the guidelines on wilful defaulters issued by the RBI.

(e) There are no proceedings 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 has neither advanced, loaned or invested funds nor received any fund to/from any person or entity for lending
or investing or providing guarantee to/on behalf of the ultimate beneficiary during the reporting years.

(g) There is no charge or satisfaction of charge which is yet to be registered with ROC beyond the statutory period.

(h) The Company do not have any transaction not recorded in the books of accounts that has been surrendered or not disclosed
as income during the year in the tax assessments under the Income Tax Act, 1961.

(i) All the quarterly statements of current assets filed by the Company with banks or financial institutions are in agreement with
books of accounts.

(j) Salasar, in its Board meetings held on 30.12.2024 and 26.03.2025, approved the amalgamation of M/s Hill View Infrabuild
Limited and M/s EMC Limited with itself, respectively. The company is undertaking the necessary steps to complete the
amalgamations in compliance with applicable laws and regulations.

Note 55 :

Figures for the previous year have been regrouped/reclassified to confirm to the figures of the current year.

As per our Report of even date attached For and on behalf of the Board of Directors

ForVAPS& CO.

Firm Registration No. 003612N
Chartered Accountants

Praveen Kumar Jain Alok Kumar Shashank Agarwal

Partner Managing Director Jt. Managing Director

M. No. 082515 DIN : 01474484 DIN: 00316141

Place : Noida (U.P.) Pramod Kr. Kala Mohit Kr. Goel

Date : 30-May-2025 (Chief Financial Officer) (Company Secretary)