1.09 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Provision involving substantial degree of estimation in measurement is recognized when there is a present obligation as a
result of past events and it is probable that there will be an outflow of resources. Contingent liabilities are not recognized but
are disclosed in the notes. Contingent assets are neither recognized nor disclosed in the financial statements.

1.10 REVENUE RECOGNITION

Revenue from sale of goods net of returns is recognized on dispatch or appropriation of goods in accordance with the terms
of sale and is inclusive of excise duty as and when applicable, Price escalation claims are recognized to the extent there is
reasonable certainty of its realization.

Revenue from sale of services is accounted on proportionate completed method.

1.11 OTHER INCOME

Interest income is accounted on accrual basis. Income other than interest income is accounted for when right to receive such
income is established.

1.12 EMPLOYEE BENEFITS
Gratuity

The Company has an obligation towards gratuity, a defined benefit retirement plan covering eligible employees. The plan
provides for lump sum payment to vested employees at retirement, death while in employment or on termination of
employment of an amount equivalent to 15 days salary payable for each completed year of service without any monetary
limit. Vesting occurs upon completion of five years of service. Provision for gratuity has been made in the books as per
actuarial valuation done as at the end of the year. The company has a funded plan of gratuity across PNB MetLife India
Insurance Co. Ltd

The liability is determined using the Projected Unit Credit Method based on actuarial valuation at the year-end. The present
value of the defined benefit obligation is reduced by the fair value of plan assets. Current service cost, interest cost, and
expected return on plan assets are charged to the Profit and Loss account. Actuarial gains and losses are recognized in the
Profit and Loss account immediately.

1.13 TAXES ON INCOME

Income taxes are accounted for in accordance with Accounting Standard (AS-22) - "Accounting for taxes on income",
notified under Companies (Accounting Standards) Rules, 2021. Income tax comprises of both current and deferred tax.
Current tax is measured on the basis of estimated taxable income and tax credits computed in accordance with the
provisions of the Income Tax Act, 1961.

The tax effect of the timing differences that result between taxable income and accounting income and are capable of
reversal in one or more subsequent periods are recorded as a deferred tax asset or deferred tax liability. They are measured
using substantially enacted tax rates and tax regulations as of the Balance Sheet date.

Deferred tax assets arising mainly on account of brought forward losses and unabsorbed depreciation under tax laws, are
recognized, only if there is virtual certainty of its realization, supported by convincing evidence. Deferred tax assets on
account of other timing differences are recognized only to the extent there is a reasonable certainty of its realization.

1.14 CASH AND BANK BALANCES

Cash and cash equivalents comprises Cash-in-hand, Current Accounts, Fixed Deposits with banks. Cash equivalents are
short-term balances (with an 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. Other Bank Balances are short-term balances ( with original maturity is more than three months but remaining
maturity less than twelve months)

1.15 EARNINGS PER SHARE

Basic earning per share is computed by dividing the profit/ (loss) after tax (including the post tax effect of extraordinary
items, if any) by the weighted average number of equity share outstanding during the year. Diluted earning per share is
computed by dividing the profit/ (loss) after tax (including the post tax effect of extraordinary items, if any) as adjusted for
dividend, interest and other charges to expense or income (net of any attributable taxes) relating to the dilutive potential
equity shares, by the weighted average number of equity shares which could have been issued on the conversion of all
dilutive potential equity shares.

1.16 SEGMENT REPORTING

The Company has identified two primary business segments in accordance with Accounting Standard (AS) 17 - Segment
Reporting: (i) Manufacturing and Assembling, and (ii) Engineering. The Engineering segment includes technical services
such as engineering consultancy, training, advisory, and R&D in the fields of engineering systems, automotive equipment,
and related areas. It also includes the sale of spare parts, facilitation between clients and machinery manufacturers, and
installation and servicing of such machinery as part of the service offerings. During the financial year 2024-25, the Company
expanded into the Manufacturing and Assembling segment by initiating the design, engineering, and testing of fire-fighting
equipment, runway rubber and paint removal machines, and similar machinery, establishing a dedicated division for their
manufacturing and assembly. Segment revenue, expenses, assets, and liabilities are identified and allocated based on their
direct relationship to each segment. Items not directly allocable are classified under "unallocated" for accurate and
transparent financial reporting.

Notes:

(a) Rights, Preferences and Restrictions attached to equity shares :

- Right to receive dividend as may be approved by the Board of Directors / Annual General Meeting.

- The equity shares are not repayable except in the case of a buy back, reduction of capital or winding up in terms of the provisions of the
Companies Act, 2013.

- Every member of the company holding equity shares has a right to attend the General Meeting of the Company and has a right to speak and
on a show of hands, has one vote if he is present in person and on a poll shall have the right to vote in proportion to his share of the paid-up
capital of the company.

(b) The company has issued 6,50,400 equity shares of ?10 each at a premium of ^372.46 each by way of Qualified Institutions Placement ("QIP")

28 SEGMENT INFORMATION FOR THE YEAR AND YEAR ENDED MARCH 31, 2025

The Company has identified two primary business segments in accordance with Accounting Standard (AS) 17 - Segment Reporting notified under the
Companies (Accounting Standards) Rules, 2021 as follows:

(i) Manufacturing and Assembling, and

(ii) Engineering.

During the financial year 2024-25, the Company expanded into the Manufacturing and Assembling segment by initiating the design, engineering, and
testing of fire-fighting equipment, runway rubber and paint removal machines, and similar machinery, establishing a dedicated division for their
manufacturing and assembly. The Engineering segment includes technical services such as engineering consultancy, training, advisory, and R&D in the
fields of engineering systems, automotive equipment, and related areas. It also includes the sale of spare parts, facilitation between clients and machinery
manufacturers, and installation and servicing of such machinery as part of the service offerings.

Segment revenue, expenses, assets, and liabilities are identified and allocated based on their direct relationship to each segment. Items not directly
allocable are classified under "unallocated" for accurate and transparent financial reporting.

34 Additional Regulatory Information as per Para Y of Schedule III to Companies Act, 2013:

i. The Company does not have any immovable property (other than properties where the Company is the lessee and the lease
agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the company.

ii. The Company has not revalued its Property, Plant and Equipment.

iii. The Company has not granted loans or advances in the nature of loans are granted to promoters, Directors, KMPs and the related
parties (as defined under Companies Act, 2013,) either severally or jointly with any other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period of repayment.

(a) Debt Service Coverage Ratio : Due to increase in borrowings as compared to previous year , as company availed new
overdraft facility from Kotak Mahindra bank limited up to the sanction limit of Rs. 3.00 crores.

(b) Inventory turnover ratio : Due to increase in average inventory balance, we can see decrease in ratio in times , as most of the
inventory lies under production process (WIP) to meet delivery timelines.

(c) Return on Capital employed : Due to increase in capital employed where company has availed new overdraft facility from
Kotak Mahindra bank limited up to the sanction limit of Rs. 3.00 crore.

xiii. The Company does not have any scheme of arrangements which has been approved by the Competent Authority in terms of
sections 230 to 237 of the Companies Act, 2013.

xiv. A. 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 in any other persons or entities, including foreign entities ("Intermediaries"), with the
understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other
persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Company or provide
any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

B. No funds have been received by the Company from any persons or entities, including foreign entities ("Funding Parties"), 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 ("Ultimate Beneficiaries") by or on behalf of the Funding Parties or
provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xv. The Company does not have undisclosed 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).

xvi. The Company has neither traded nor invested in Crypto currency or Virtual Currency during the financial year.

37 Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current period's classification /
disclosure.

Signatures to Notes forming part of Financial Statements
For and on behalf of the Board of Directors

Sd/- Sd/- Sd/- Sd/-

Unnikrishnan Nair P M Beena Unnikrishnan Emmyunual Setti Balija Shikha Dixit

(Managing Director) (Whole-Time Director ) (CFO) (Company Secretary)

DIN: 01825309 DIN: 07222504

Place : Bangalore
Date : May 16, 2025