6.11. Provisions, Contingent Liabilities and Contingent Assets-

i. Provisions are recognised only when the Company has:-

(a) a present obligation (legal or constructive) as a result of past event

(b) a probable outflow of resources embodying economic benefits will be required to settle the obligation; and

(c) The amount of obligation can be reliably estimated.

(d) Provision is measured using cash flows estimated to settle the present obligation. The carrying amount of
provision is the present value of those cash flows.

ii. Contingent liabilities are disclosed in case of:-

(a) a present obligation arising from past events, when it is not probable that an outflow of resources
embodying economic benefits will be required to settle the obligation,

(b) a present obligation arising from past events, and the amount of obligation cannot be measured with
sufficient reliability,

(c) a possible obligation arising from past events, whose existence would be confirmed by the occurrence
or non-occurrence of one or more uncertain future events not wholly within the control of the Company.

iii. Possible obligations arising from past events where likelihood of actual outflow of resources is remote are not
considered as contingent liabilities.

iv. Contingent assets are neither recognised, nor disclosed.

v. Provisions and Contingent Liabilities are reviewed at each Balance Sheet date.

6.12. Revenue Recognition-

i. Revenue from contracts with Customers:

Revenue from contracts with customers is recognised when a performance obligation is satisfied by transfer of
promised goods or services to a customer. In case of multiple performance obligations, the revenue is recognised to
the extent of transaction price allocated to the performance obligation that is satisfied.

The Company recognises revenue over a period of time, if one of the following criteria is met:

(a) the customer simultaneously consumes the benefit of the Company’s performance or;

(b) the customer controls the asset as it is being created/enhanced by the Company’s performance or;

(c) There is no alternative use of the asset and the Company has either explicit or implicit right of payment
considering legal precedents.

(d) In all other cases, performance obligation is considered as satisfied at a point in time.

Transaction price is the amount of consideration to which the Company expects to be entitled in exchange for transferring
goods or services to a customer excluding amounts collected on behalf of a third party. Variable consideration is estimated
using the expected value method or most likely amount as appropriate in a given circumstance. Payment terms agreed with
a customer are as per contractual terms or business practice, as the case may be. Revenue is recognised only to the extent
that it is highly probable that the economic benefits will flow to the Company and the revenue and costs, if applicable, can be
reliably measured.

Revenue from the sale of goods

Revenue from the sale of goods is recognised when substantial control of the goods has been transferred to the customer.
The performance obligation in case of sale of goods is satisfied at a point in time i.e., when the material is dispatched to the
customer or on delivery to the customer, as may be specified in the contract.

Revenue from services

Revenue from erection and commissioning services is recognised on completion of contractual obligations.

(ii) Other Revenue:

Interest income is recognised on time proportion basis determined by the amount outstanding and the rate
applicable using the effective interest rate method provided there is no uncertainty over its ultimate realisation.

Dividend income is recognised when the Company’s right to receive the same is established.

Any other incomes are accounted for on accrual basis

6.13. Income Tax -

i. Income Tax Expense comprises of Current Tax and Deferred Tax.

ii. Current Tax expense is determined on the basis of taxable income for the current accounting period computed in
accordance with the provisions of the Income Tax Act, 1961 and based on the history of allowances and
disallowances in the earlier years. The tax rates and tax laws used to compute the amount are those that are
enacted or substantially enacted, at the reporting date. Current tax relating to items recognised outside the
statement of profit and loss is recognised, either in OCI or in equity. Current tax items are recognised in correlation to
the underlying transaction either in OCI or directly in equity.

iii. Provision for Deferred Tax is recognised using balance sheet method for all taxable temporary differences between
carrying amounts of assets and liabilities in the Company’s financial statements and the corresponding tax bases
used in computation of taxable profits. Deferred tax is measured using tax rates and laws enacted or substantially
enacted as on the reporting date. Deferred tax asset is recognised and carried forward only to the extent that it is
probable that taxable profits will be available against with those deductible temporary differences can be utilised in
the future.

6.14. Leases-

i. The Company assesses and designates a contract as a lease contract, at inception of a contract. The determination
of whether an arrangement is a lease is based on the substance of the arrangement. The arrangement is a lease if
fulfilment of the arrangement is dependent on the use of an identified asset or assets and the arrangement conveys
a right to control the use of the identified asset or assets for a period of time in exchange for a consideration, even if
that right is not explicitly specified in an arrangement.

ii. Accounting as lessor:

The Company classifies its lease contracts either as operating leases or finance leases at the inception of the lease.
Leases in which the Company does not transfer substantially all the risks and rewards of ownership of an asset are
classified as operating leases. Rental income from operating lease is recognised over the term of the relevant lease.
Initial direct costs, which are material, incurred in negotiating and arranging an operating lease are added to the
carrying amount of the leased asset and recognised over the lease term on the same basis as rental income. Initial
direct costs incurred in negotiating and arranging an operating lease that are not material in nature are charged to
the statement of Profit and Loss as and when incurred Contingent rents are recognised as revenue in the period in
which they are earned.

iii. Accounting as lessee-

In case of contracts of material value where the Company is a Lessee, it recognises a right of use asset (ROU asset)
and a lease liability on the commencement date of the contract.

A ROU asset is valued using cost model. At the commencement of the lease ROU asset is recognised at cost which
comprises of - total lease payments to be made over the lease term valued at its present value using Company’s
incremental borrowing rate, initial direct costs and costs of restoration; net of lease incentives received. ROU asset
is depreciated over the lease term on straight line basis over the shorter of the lease term and useful life of the
underlying asset.

The Company determines the lease term as the non-cancellable period of a lease, together with periods covered by
an option to extend the lease, where the Company is reasonably certain to exercise that option.

A lease liability is recognised at present value of total lease payments to be made over the lease term using
Company’s incremental borrowing rate. Lease liability is increased to reflect interest on the lease liability and
reduced to reflect payments made to the lessor. The carrying value of lease liability is reassessed when there is
change in lease term.

The Company has availed recognition exemption and chosen not to apply the above accounting treatment for short¬
term leases and leases for low-value underlying assets where lease payments associated with those leases are
recognised as an expense as and when incurred on systematic basis.

6.15. Employee Benefits-

i. Short Term Employee Benefits

All employee benefits payable wholly within the twelve months of rendering the service are classified as short-term
employee benefits. Benefits such as salaries, wages, short-term compensated absences, expected cost of bonus,
ex-gratia and performance-linked rewards are considered as short-term employee benefits and are expensed in the
period in which the employee renders the related service.

ii. Post-Employment Benefits:

(a) Defined Contribution Plans

The State governed Employee Provident Fund and Pension Scheme, Employees State Insurance Scheme
are the defined contribution plans. The liability on account of the Company’s contributions paid or payable
under these schemes is recognised during the period in which the employee renders the related service and
is charged to the Statement of Profit and Loss. The Company has no further obligation beyond these
contributions towards employees.

(b) Defined Benefit Plans

The employees’ gratuity fund scheme is the Company’s defined benefit plan. The present value of the
obligation under the said defined benefit plan is determined on the basis of actuarial valuation from an
independent actuary using the Projected Unit Credit Method.

Remeasurements, comprising of actuarial gains are recognised immediately in the balance sheet with a
corresponding debit or credit to Other Comprehensive Income (OCI) in the period in which they occur.
Remeasurements are not reclassified to Statement of Profit or Loss in subsequent periods.

In the case of funded plans, the fair value of the plan’s assets is reduced from the gross obligation under the
defined benefit plans, to recognise the obligation on net basis.

Changes in the present value of the defined benefit obligation resulting from plan amendments or
curtailments are recognised immediately in profit or loss as past service cost.

Net interest is calculated by applying the discount rate to the net defined benefit liability or the fair value of
the plan asset. The cost is included in employee benefits expense in the Statement of Profit and Loss.

iii. Other Long Term Employee Benefits:

The employees of the Company are entitled to compensated absences. The Company records an obligation for
such compensated absences as per the rules of the Company and is measured on the basis of actuarial valuation
from an independent actuary. Actuarial gains and losses are immediately recognised in the Statement of Profit and
Loss in the period in which they occur.

6.16. Segment Reporting:

Operating segments are those components of the business whose operating results are regularly reviewed by the
chief operating decision maker (CODM) in the Company to make decisions for performance assessment and
resource allocation. Operating segments are reported in a manner consistent with the internal reporting provided to
the CODM. The CODM regularly monitors and reviews the operating result of the Company through identified
segments. The CODM has been identified as the Chairman and Managing Director who makes strategic decisions.

The reporting of segment information is the same as provided to the Management for the purpose of the
performance assessment and resource allocation to the segments. The Accounting Policies adopted for segment
reporting are in line with the Accounting Policies of the Company.

6.17. Earnings Per Share (EPS)-

Basic EPS amount is calculated by dividing the net profit for the year attributable to equity holders of the Company
by the weighted average number of Equity shares outstanding during the year. The weighted average number of
equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus
shares, other than the conversion of potential equity shares, that have changed the number of equity shares
outstanding, without a corresponding change in resources.

For the purpose of calculating diluted earnings per share, the net profit for the period attributable to equity
shareholders and the weighted average number of shares outstanding during the period is adjusted for the effects of
all dilutive potential equity shares.

6.18. Cash Flow-

The Cash Flow Statement is prepared by the Indirect Method set out in Ind AS-7 'Cash Flow Statement' and
presents cash flow by operating, investing and financing activities of the Company.

7. Recent Accounting 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 on its
financial statements.

18.5 Capital Management

Equity share capital and other equity are considered for the purpose of Company's Capital Management. The Company maintains
sufficient capital taking into account its business needs, both strategic and routine, need to maintain confidence of other
stakeholders including shareholders, creditors and customers. The Company takes appropriate steps to adjust its capital structure,
if and when required.

‘Disputed liabilities in respect of Income Tax : include the liability of Rs. 33.68 lakh and Rs. 69.77 lakh (Previous Year Rs.
10.04 lakh and Rs. 34.06) pertaining to AY 2011-12 and AY 2013-14 respectively.

The Company had received show cause and demand notices from the Income Tax Department pertaining to the AY 2011-12 and
AY 2013-14 for Rs.57.75 lakh and Rs.247.75 lakh respectively. Due to Covid-19 pandemic, subsequent operational disruption
and closure of manufacturing operations at Nagpur, frequent changes in key managerial personnel during the period from 2021
to 2022 and website/ domain issues, hearing and demand notices served by the Income Tax Department were not responded to.
Once the management became aware of the existence of such notices, it took steps, after consultation with legal experts, to file
appeals against the orders with the Income Tax Appellate Tribunal (ITAT) with a request for condonation of delay in filing such
appeals. However, especially considering the delays in filing the appeals, as an abandoned caution the Company had made an
aggregate provision of Rs. 305.50 Lakhs in the books of account for the year ended on 31 March 2024, in respect of the AY2011-
12 and 2013-14.

During the Financial Year, 2024-25, the Company filed a rectification application against the order pertaining to AY 2013-14 in
January 2025. The Income Tax department rectified the order calculating the tax liability for the year at Rs. 95.06 Lakhs which
has been already been paid in the past years. The Company has, therefore, written back the excess provision of Rs. 152.68
lakhs in the books during the Financial Year 2024-25. However, to mitigate further financial risks of interest and/or penalty
proceedings, the company has made an application under Vivaad se Vishwas Scheme (DTVSV) in January 2025.

During the Financial Year 2024-25, the Company also filed a rectification application against the order pertaining to AY 2011-12
in January 2025 which was rejected. To mitigate further financial risks of interest and/or penalty proceedings relating to AY 2011¬
12, the Company has filed an application under Vivaad se Vishwas Scheme (DTVSV) in January 2025. Once the application
under DTVSV Scheme is accepted, the Company will withdraw the appeal filed.

(ii) Pending resolution of the respective proceedings, it is not practicable for the Company to estimate the timings of cash
outflows, if any, in respect of the above as it is determinable only on receipt of judgement/decisions pending with various
forums/authorities.

(iii) The Company has reviewed all its pending litigations and proceedings and has adequately provided for where
provisions are required and disclosed as contingent liabilities, wherever applicable in its financial statements. The
Company does not expect the outcome of these proceedings to have a materially adverse effect on its financial
position.

(iv) The Company does not expect any reimbursements in respect of the above contingent liabilities.

(i) After the reporting period, the Board of Directors of the Company resolved to sale a certain parcel of freehold land
admeasuring 3601 Sq. Mtrs. situated Bhiwandi. The Company has assessed the fair value of the land. The
Company has entered into an understanding with a prospective buyer who has paid an aggregate amount of
advance of' 401.00 Lakhs towards the sale of said land. The Company is in the process of finalisation of the sale
deed. It is expected that the sale will be completed before the end of first quarter of the Financial Year 2025-26.

This event is treated as a non-adjusting event occurring after the reporting period.

(ii) After the reporting period, the Board of Directors of the Company has decided to convert 14,989 Compulsorily
Convertible Preference Shares (CCPS) of its Associate Company -Navasasyam Dandekar Private Limited (NDPL)
held by the Company into Equity Shares in the ratio 1:1 pursuant to the terms of issue of CCPS and has
communicated the same to the NDPL. Required formalities in this respect are in process. This event is treated as a
non-adjusting event occurring after the reporting period.

45.1. Defined contribution plans: Contributions of Provident Fund and Employees State Insurance

Amount of ? 1.84 Lakh (F.Y. 2023-24 ? 1.97 Lakh) is recognized as an expenses during the year.

45.2. Defined benefit plans: Gratuity Plan

The Company has established a gratuity plan wherein every employee is entitled to the benefit equivalent to thirty days' salary for each
completed year of service with a cap of ' 20 Lakh. The same is payable on termination of service or retirement whichever is earlier. The
benefit vests after five years of continuous service. In case of death of an employee, the gratuity is paid as normal retirement benefit,
irrespective of the number of years of service of the employee.

The Gratuity Plan is a funded plan and the Company makes contributions to the fund managed by LIC of India. Contributions are made as
per the working of LIC of India. A detailed break-up of composition of investments made by LlC in various securities is not, at present,
available to the Company.

45.4. The employee benefit plans of the Company typically expose the Company to actuarial risks such as: Investment risk, Interest Rate
Risk and Longevity Risk, etc. which are explained below:

(i) Investment Risk

The probability or likelihood of occurrence of losses relative to the expected return on any particular investment.

(ii) Interest Risk

The plan exposes the Company to the risk of fall in Interest rates on plan assets. A fall in interest rates will result in an
increase in the ultimate cost of providing the above benefit and will thus result in an increase in the value of the liability.

(iii) Longevity Risk

The present value of defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan
participants both during and after employment. An increase in the life expectancy of the plan participants will increase the
plan's liability.

46. Disclosure pursuant to Ind AS 20 “Accounting for Government Grants and Disclosure of Government Assistance”

During the year, the Company was not eligible/ has not received any grant, subsidy or any other government assistance.

54.1. Financial Risk Management

The activities of the Company expose it to a variety of financial risks. The Company's risk management policies are
focused to identify the unpredictability of financial risks, establish required controls and monitor and minimize potential
adverse effects on its financial performance. The risk management policies and systems are reviewed periodically to
reflect changes in market conditions and Company's activities. The Board of Directors have overall responsibility for the
setup and oversight of Company's risk management function.

The company has exposure to the following risks arising from financial instruments:

(i) Credit risk; (ii) Liquidity risk & (iii) Market risk.

(i) Credit Risk

Credit risk refers to the risk of default on its obligation by the customer or counterparty in meeting its contractual
obligations, resulting into a financial loss to the Company. The maximum exposure to the credit risk is primarily from
Company's Fixed Deposits placed with various banks and trade and other receivables.

(a) Trade Receivables

Receivables are reviewed, managed and controlled for each customer separately. Credit risk is managed through credit
approvals process by establishing credit limits and continuously monitoring the creditworthiness of customers to whom
credit is extended in the normal course of business. Considering a limited number of customers, an impairment analysis
is performed at each reporting date on an individual basis for major customers. Company has a practice to provide for
doubtful debts on a case-to-case basis after considering inter-alia customer's credibility etc. Management believes that
the unimpaired amounts which are past due (if any) are fully recoverable / receivable.

In accordance with Ind-AS 109, the Company applies Expected Credit Loss (ECL) model for measurement and
recognition of impairment loss on trade receivables and other advances. The allowance for Expected Credit Loss on
customer balances for the year ended 31 March, 2025 and 31 March, 2024 is ?6.73 Lakhs and there is no movement in
the same during the year.

(b) Other Bank Balances and Other Financial Assets

There is no significant credit risk on Other Bank Balances and deposits with bank as the Company generally invests in
deposits with banks and financial institutions with good credit ratings assigned by the renowned agencies.

There is no significant credit risk on other receivables, which mainly comprise of security deposits and loans and
advances given to employees.

(c) Cash and cash equivalents

There is no significant credit risk on Cash and Cash Equivalents as the Company generally keeps its funds with banks
and financial institutions with good credit ratings assigned by the renowned agencies.

(d) Investments

There is no significant risk in the investment in the a group Company which has strong financials and creditworthiness.

(ii) 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 Company’s approach to managing liquidity is
to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal
and stressed conditions, without incurring unacceptable losses or affecting Company’s reputation. The Company is
holding its surplus funds in Time/ Fixed Deposits with the bank, which can be liquidared when required.

(iii) Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuatec due to changes in
market prices and will affect the Company’s income or the value of its holdings of financial instruments. Market risk is
attributable to all market risk sensitive financial instruments including long term debt.

Market risk mainly comprises of -

(a) Currency risk (b) Interest Rate Risk (c) Other price risk such as equity/debt securities price risk

(a) Currency Risk

Currency risk refers to the risk that arises when future commercial transactions and recognized assets and liabilities are
denominated in a currency that is not the Company's functional currency. Currency risk is the risk that the value of a
financial instrument will fluctuate due to changes in foreign exchange rates.

The Company operates in Indian domestic market and the Company does not have any foreign

currency payables/ receivable as at the year-end hence, the Company does not have any currency risk at present.

(b) Interest Rate Risk

Interest rate risk refers to the risk that fair value or future cash flows of financial instrument will fluctuate because of
changes in market interest rates. The Company's borrowing is linked to repo rate and therefore, to that extent the
Company is currently exposed to such risk.

Exposure to interest rate risk

Company’s interest rate risk arises from borrowings. The interest rate profile of the Company’s interest-bearing financial
instruments as reported to the management of the Company is as follows.

(c) Equity Price risk

Price risk refers to the risk of fluctuations in the value of assets and liabilities as a result of change in market prices of
Investments. The Company does not have any major items of assets or liabilities whose value can change due to change
in market prices hence the Company is not exposed to equity price risk.

(iv) Fair value of financial assets and financial liabilities measured at amortised cost

The carrying amounts of trade and other receivables, cash and cash equivalents, other bank balances, trade and
other payables, etc. are considered to be the same as their fair values due to their nature. The carrying amounts of
loans given, borrowings taken on floating rate of interest are considered to be close to the fair value.

55. Disclosures pursuant to Ind AS 108 "Operating Segments”

(i) 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 executive management to make decisions about resource
allocation and performance assessment; and (c) for which discrete financial information is available.

(ii) Basis of identifying 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.

(iii) Based on the above criteria, the Company operates in only one operating segment i.e. 'Renting / Leasing of
Immovable Properties' in a single geographical location being the state of Maharashtra. Therefore, the
management of the Company is of the view that there is only one reportable segment. Accordingly, no separate
disclosure of segment information has been made in these financial statements.

(ii) Particulars of Performance obligations relating to Revenue from Contract with Customers, contract Costs
and Balances, reconciliation of contract price with revenue during the year, etc - Manufacturing Activity

Upto certain part of the financial year 2023-24, the Company was engaged in the business of manufacturing of
Machinery for Rice Milling. The said activity has been discontinued by the Company since then. Therefore, the
required particulars under this heading in respect of this activity have not been disclosed.

The Company is engaged in Real Estate Leasing Activity. As a part of this activity, the Company is responsible for
providing allied certain services such as upkeep and maintenance of the property, security, housekeeping, etc for
which the Company charges maintenance fees separately. Revenue from Property Maintenance Services is
charged to the customers at monthly intervals at the end of each month. The revenue is recognised over a period of
time. As at March,31 2025 , the Company has recognised Contract Assets of ' 2.00 Lakh in this respect,
representing revenue accrued but not yet billed to the customer which is a reconciliation item between the Contract
Price and bills raised on the customers.

(ii) Where Company is a lessee

Leasing contracts of the Company, where the Company is a Lessee are generally in the nature of cancellable
operating leases. The Company’s leases generally comprise of land, office premises and office equipment.
These arrangements can usually be terminated / renewed by mutual consent on agreed terms. These Lease
rentals are charged to the Statement of Profit and Loss on straight-line or other appropriate basis.

Where the non-cancellable period of lease exceeds 12 months, the Company has created a right-of-use assets
and a lease liability towards the remaining lease period and lease liability respectively.

The Company has availed exemptions for not to consider the lease arrangements which have non-cancellable
period (Lock in period) or lease period of 12 months or less as on initial application date under as Leases. The
Company has elected not to classify low value items lease under Leases as permitted by Para 5 of Ind AS 116. The
expenses relating to the payments not included in the measurement of lease liability and excognised as expense
in the statement of Profit and Loss are as follows-

59. Additional information pursuant to Schedule III to the Companies Act, 2013 not specifically provided anywhere
else in these financial statements:

Contingent Liabilities not provided for in respect of:

(i) Benami Property

No proceedings have been 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 in the financial years ended
31 March, 2025 and 31 March, 2024.

(ii) Borrowings of Specific Purpose

The Company has utilised the funds raised from banks and financial institutions for the specific purpose for which
they were borrowed.

(iii) Borrowings against security of Current Assets

The Company has not availed any Working Capital limits in excess of five crore rupees, in aggregate, from banks
on the basis of security of current assets.

(iv) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual currency during the financial years ended
31, March, 2025 and 31 March, 2024.

(v) Willful Defaulter

The Company has not been declared as a willful defaulter by any bank or financial institution or other lender in the
financial years ended 31 March, 2025 and 31 March, 2024.

(vi) Undisclosed Income

The Company does not have any such transaction which is not recorded in the books of account that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961
including search or survey or any other proceedings under the provisions of the Income Tax Act, 1961.

(vii) Registration of charges or satisfaction with the Registrar of Companies (ROC)

All charges of registration or satisfaction are registered with the ROC within the statutory period during the financial
years ended 31 March, 2025 and 31 March, 2024.

(viii) Struck off companies

Based on the record and information available, the Company has not entered into any transaction with the
companies struck off as per Section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.

(ix) Title deeds of the properties not in the name of company

Title deeds of all the properties owned by the Company are in the name of the Company. However, in case of the
units situated on 5th floor of the investment property of the Company, the Property Tax records are still in the name
of its previous owner. The required formalities for updating the name of the Company in the Property Tax records is
in process. The relevant details of the property are tabulated below-

(x) The Company has not granted any loans or advances in the nature of loans granted to promoters, directors, KMPs
and the related parties during the financial years ended 31 March, 2025 and 31 March, 2024.

(xi) The Company has not revalued any Property, Plant and Equipment or Intangible Asset during the financial years
ended 31 March, 2025 and 31 March, 2024.

(xii) The Company has not advanced or loaned or invested funds to any other person / persons or entity / entities,
including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(xiii) The Company has not received any funds from any person / persons or entity / entities, including foreign entities
(funding party) with the understanding (whether recorded in writing or otherwise) that the company shall:

(a) 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

(b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries,

(xiv) During the year company has not entered into any scheme of arrangement.

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

For C N K J B M S & ASSOCIATES
CHARTERED ACCOUNTANTS
[F.R. No. 139786-W]

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

Swanand S. Kulkarni ^Pranav D^eshp^ande Sanket Deshpande Pankaj Parkhi Ashwini Paranjape

Partner Ex^ecuti^ve Dir^ector Independent Director Chief Financial Officer Company Secretary

M.No. 144182 DIN 06467549 DIN 03383916 M. No. A42898

Place : Pune Place : Pune

Date : 28.05.2025 Date : 28.05.2025