r) Provisions and Contingent liabilities (Contd...)

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as
an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

i) Onerous contracts

Present obligations arising under onerous contracts are recognised and measured as provisions. An onerous contract is considered to exist
where the Company has a contract under which the unavoidable costs of meeting the obligations under the contract exceed the economic
benefits expected to be received from the contract.

s) Employee Benefits

Employee benefits include provident fund, employee state insurance, gratuity fund, super annuation fund and compensated absences.

i) Retirement benefit costs and termination benefits

Payments to defined contribution Retirement Benefit Plans are recognised as an expense when employees have rendered service entitling
them to the contributions.

For defined benefit Retirement Benefit Plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial
valuations being carried out at the end of each annual reporting period. Remeasurement, comprising actuarial gains and losses, the effect of
the changes to the asset ceiling (if applicable) and the return on plan assets (excluding net interest), is reflected in the balance sheet with a
charge or credit recognised in other comprehensive income in the period in which they occur. Remeasurement recognised in other
comprehensive income is reflected immediately in retained earnings and is not reclassified to profit or loss. Past service cost is recognised in
profit or loss in the period of a plan amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net
defined benefit liability or asset.

ii) Defined benefit costs are categorised as follows:

- service cost (including current service cost, past service cost, as well as gains and losses on curtailments and settlements);

- net interest expense or income; and

- remeasurement

For defined benefit plan, in the form of gratuity fund, the cost of providing benefits is determined using the Projected Unit Credit method, with
actuarial valuations being carried out at each Balance Sheet date. Actuarial gains and losses are recognised in the Statement of Profit and
Loss in the period in which they occur. The retirement benefit obligation recognised in the Balance Sheet represents the present value of the
defined benefit obligation as adjusted for unrecognised past service cost, as reduced by the fair value of scheme assets. Any asset resulting
from this calculation is limited to past service cost, plus the present value of available refunds and reductions in future contributions to the
scheme. The gratuity fund is maintained with Life Insurance Corporation of India.

The Company presents the first two components of defined benefit costs in profit or loss in the line item ‘Employee benefits expenses'.
Curtailment gains and losses are accounted for as past service costs.

The retirement benefit obligation recognised in the balance sheet represents the actual deficit or surplus in the Company's defined benefit
plan. Any surplus resulting from this calculation is limited to the present value of any economic benefits available in the form of refunds from
the plans or reductions in future contributions to the plans.

A liability for a termination benefit is recognised at the earlier of when the entity can no longer withdraw the offer of the termination benefit and
when the entity recognises any related restructuring costs.

iii) Short-term and other long-term employee benefits

A liability is recognised for benefits accruing to employees in respect of wages and salaries, annual leave and sick leave in the period the
related service is rendered at the undiscounted amount of the benefits expected to be paid in exchange for that service.

Liabilities recognised in respect of short-term employee benefits are measured at the undiscounted amount of the benefits expected to be
paid in exchange for the related service.Liabilities recognised in respect of other long-term employee benefits are measured at the present
value of the estimated future cash outflows expected to be made by the Company in respect of services provided by employees up to the
reporting date.

t) 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 expense or
income relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per
share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

u) Government grants

Government grants are not recognised until there is reasonable assurance that the Company will comply with the conditions attaching to them and
that the grants will be received. Government grants are recognised in profit or loss on a systematic basis over the periods in which the Company
recognises as expenses the related costs for which the grants are intended to compensate.

Specifically, Government grants whose primary condition is that the Company should purchase, construct or otherwise acquire non-current assets
are recognised as deferred revenue in the standalone balance sheet and transferred to profit or loss on a systematic and rational basis over the
useful lives of the related assets.

Government grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial
support to the Company with no future related costs are recognised in profit or loss in the period in which they become receivable.

v) Rounding off amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest lakhs and decimals thereof as per the requirements
of Schedule III, unless otherwise stated.

w) Operating cycle

Based on the nature of products / activities of the Company and the normal time between acquisition of assets and their realisation in cash or cash
equivalents, the Company has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as current and
non-current.

x) Critical estimates and judgements

The preparation of financial statements requires the use of accounting estimates which, by definition, will seldom equal the actual results.
Management also needs to exercise judgement in applying the Company's accounting policies.

This note provides an overview of the areas that involved a higher degree of judgement or complexity, and of items which are more likely to be
materially adjusted due to estimates and assumptions turning out to be different than those originally assessed. Detailed information about each of
these estimates and judgements is included in relevant notes together with information about the basis of calculation for each affected line item in the
financial statements.

The areas involving critical estimates or judgements are:

Revenue recognition over a period of time - Note d(i)

Estimation of defined benefit obligation - Note (s)

Estimation of current tax expense and payable - Note (e(i))

Recognition of Deferred tax asset - Note (e(ii))

Amortisation of intangible assets -Note (p)

Depreciation of Property Plant & Equipment - Note (o)

Impairment of assets - Note (g)

Provisions and Contingent liabilities - Note (r)

The estimates and judgements used in the preparation of the financial statements are continously evaluated by the company and are based on
historical experience, various other assumptions and factors (including expectations of future events) that the company believes to be reasonable
under the existing circumstances. Actual results could differ from those estimates. Any revision to accounting estimates is recognised prospectively
in current and future periods.

y) 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. In May 2025, MCA notified amendments to Ind AS 21 - The Effects of Changes in Foreign Exchange
Rates, applicable w.e.f. April 1,2025. The Company has reviewed the amendment and based on its evaluation has determined that it does not have
any significant impact in its financial statements.

In August 2025, MCA notified the following amendments to:

1. Ind AS 1, Presentation of Financial Statements, applicable w.e.f. April 1,2025 - The amendment relates to classification of liabilities as current
or non-current and non-current liabilities with covenants. In the context of classifying a liability as current, it removes the requirement of
existence of a right to defer settlement for at least 12 months after the reporting date and instead requires that the said right should exist on the
reporting date and have substance. The amendment also introduces guidance on classification of liabilities with covenants. The Company
has no impact of these amendments in its classification criteria of current and non-current liabilities.

2. Ind AS 7, Statement of Cash Flows and Ind AS 107, Financial Instruments:

Disclosures, applicable w.e.f. April 1,2025 - The amendment in Ind AS 7 requires to inform users of financial statements of the existence of
supplier finance arrangements and explain the nature of the arrangements, the carrying amount of liabilities and the range of payment due
dates. Ind AS 107 has been amended to add supplier finance arrangements as a factor that may cause concentration of liquidity risk. The
Company has reviewed the amendment and based on its evaluation has determined that there is no impact in its financial statements.

4. (iii) Investment property (Contd...)

a) The Company's investment property consists of property in India. As at March 31,2026, the fair values of the properties are Land - INR
2,702.25 lakhs (PY - INR 2,702.25 lakhs) and Building - INR 647.85 lakhs (PY - INR 647.85 lakhs). These valuations are based on
valuations performed by an independent valuer. The fair value was determined based on the market guideline values.

b) The Company has no restrictions on the realisability of its investment property and no contractual obligations to either purchase,
construct or develop investment property or for repairs, maintenance and enhancements.

c) Details of the Company’s investment property and information about the fair value hierarchy as at the end of the reporting year are as
follows:

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 person(s) or entity(ies), 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 by or on behalf of the
Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

b) The Company has not received any fund from any person(s) or entity(ies), 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 by or on behalf of the Funding
Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Nature and purpose of other reserves
FVOCI equity investments

The Company has elected to recognise changes in the fair value of certain investments in equity securities in other
comprehensive income. These changes are accumulated within the FVOCI equity investments reserve within equity.
The Company transfers amounts from this reserve to retained earnings when the relevant equity securities are derecognised.

* Pertains to cash credit facility availed by the company against hypothecation of inventories and trade receivables (Interest
rate @ 9.25%)

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

2. The Company has not defaulted in repayment of loans / interests or other borrowings or in the payment of interest thereon to
any lender.

3. The Company has used the borrowings from banks for the working capital purposes.

4. The quarterly returns or statements comprising (stock statements, book debt statements and other stipulated information)
have been filed by the Company with a bank are in agreement with the unaudited books of account of the Company of the
respective quarters.

24. Provisions (contd...)

The details with respect to the composition of investments in the fair value of plan assets managed by LIC have not been disclosed in the
absence of the above said information.

The expected rate of return on assets is determined based on the assessment made at the beginning of the year on the return expected
on its existing portfolio, along with the estimated increment to the plan assets and expected yield on the respective assets in the
portfolio during the year.

These plans typically expose the group to risks such as interest rate risk, longevity risk and salary risk.

Interest Rate Risk: A decrease in the bond interest rate will increase the plan liability.

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

Salary Risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants.
As such, an increase in the salary of the plan participants will increase the plan's liability.

Significant actuarial assumptions for the determination of the defined obligation are discount rate, and expected salary increase.
The sensitivity analyses below have been determined based on reasonably possible changes of the respective assumptions occurring at the
end of the reporting period, while holding all other assumptions constant.

34. Segment Information

IND as 108 "Operating Segment" ("Ind AS 108") establishes standards for the public business enterprises report information about
operating segments and related disclosures about product and services, geographical areas and major customers. Based on the
management approach as defined in IND AS 108 - Operating Segments, the Chief Operating Decision Maker (CODM) evaluates
the Company’s performance and allocates resources based on an analysis of various performance indicators by business segments.
The Company's main business is "Sale of Engine Bearings, Bushings and thrust washers" and "Engineering and Project services" as
per reportable segment thresholds given in Ind AS 108 "Operating Segments" .

The accounting policy adopted for Segment reporting are in line with accounting policy of the Company with following additional
policies for segment reporting.

a) Revenue and Expenses have been identified to a Segment on the basis of relationship to operating activities of the Segment.
Revenue and Expenses which relate to entity as a whole and are not allocable to a Segment on reasonable basis have been
disclosed as unallocable.

b) Segment Assets and Segment Liabilities represents Assets and Liabilities in respective segments. Investments, tax related assets
and liabilities, other assets and liabilities that cannot be allocated to a segment on reasonable basis have been disclosed as
"unallocable".

35. Fair value measurements - (Contd.)

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments,
traded bonds and mutual funds that have quoted price. The fair value of all equity instruments (including bonds) which are
traded in the stock exchanges is valued using the closing price as at the reporting period. The mutual funds are valued using the
closing NAV.

Level 2: The fair value of financial instruments that are not traded in an active market (for example, over-the-counter derivatives)
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 included in level 3.

There are no transfers between levels 1,2 and 3 during the year.

The Company’s policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting
period.

(ii) Valuation technique used to determine fair value

Specific valuation techniques used to value financial instruments include:

- the use of quoted market prices or dealer quotes for similar instruments.

- the fair value of forward foreign exchange contracts is determined using forward exchange rates at the balance
sheet date.

- the fair value of certain financial instruments have been determined based on the buy back offer made by the
originator of the instrument.

- the fair value of the remaining financial instruments is determined using discounted cash flow analysis.

All of the resulting fair value estimates are included in level 2 except for unlisted equity securities where the fair values have been
determined based on present values and the discount rates used were adjusted for counterparty or own credit risk.

(iii) Valuation processes

The Company performs the valuations of financial assets and liabilities required for financial reporting purposes, including
level 3 fair values

The main level 3 inputs for unlisted equity securities used by the Company are derived and evaluated as follows:

- Discount rates are determined using a capital asset pricing model to calculate a post tax rate that reflects current
market assessments of the time value of money and the risk specific to the asset.

- Risk adjustments specific to the counterparties

- Earnings growth factor for unlisted equity securities are estimated based on market information for similar types of
companies.

Changes in level 2 and 3 fair values are analysed at the end of each reporting period during the quarterly valuation discussion. As
part of this discussion the team presents a report that explains the reason for the fair value movements.

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

The fair values for bonds and debentures, intercorporate deposits, security deposits and other deposits were calculated
based on cash flows discounted using the current interest rate as at the respective reporting date for a similar instrument.
They are classified as level 3 fair values in the fair value hierarchy due to the inclusion of unobservable inputs including
counterparty credit risk.

For financial assets and liabilities that are measured at fair value, the carrying amounts are equal to the fair values.

The Company’s risk management is carried out by the Chief Financial Officer under policies approved by the Board of Directors. The
Chief Financial officer identifies, evaluates and hedges financial risks in close co-operation with the company’s operating units. The
board provides written principles for overall risk management, as well as policies covering specific areas, such as foreign exchange
risk, credit risk, use of derivative financial instruments and non-derivative financial instruments, and investment of excess liquidity.

A) Credit risk

Credit risk arises from cash and cash equivalents, investments carried at amortised cost and deposits with banks and financial
institutions, as well as credit exposures to customers including outstanding receivables.

i) Credit risk management

Credit risk is managed on a Company basis. For banks and financial institutions, only high rated banks/institutions are accepted.

For other financial assets, the Company assesses and manages credit risk based on internal credit rating system. The finance
function consists of a separate team who assess and maintain an internal credit rating system. Internal credit rating is performed
on a group basis for each class of financial instruments with different characteristics. The company assigns the following credit
ratings to each class of financial assets based on the assumptions, inputs and factors specific to the class of financial assets.

C1 : High-quality assets, negligible credit risk

C2 : Doubtful assets, credit-impaired

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant
increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in
credit risk the Company compares the risk of a default occurring on the asset as at the reporting date with the risk of default as at
the date of initial recognition. It considers available reasonable and supportive forward-looking information. Especially the
following indicators are included -

- Internal credit rating

- External credit rating (as far as available)

- Actual or expected significant adverse changes in business, financial or economic conditions that are expected to cause a
significant change to the borrower’s ability to meet its obligations

- Actual or expected significant changes in the operating results of the borrower

- Significant increase in credit risk on other financial instruments of the same borrower

- Significant changes in the value of the collateral supporting the obligation or in the quality of third-party guarantees or credit
enhancements.

- Significant changes in the expected performance and behavior of the borrower, including changes in the payment status of
borrowers in the company and changes in the operating results of the borrower.

Macroeconomic information (such as regulatory changes, market interest rate or growth rates) is incorporated as part of the
internal rating model.

41. Events after the reporting period

The Board of Directors have recommended dividend of INR 13.50 per fully paid up equity share of INR 10 each INR 516.38 lakhs for the
financial year 2025-26 which is based on relevant share capital as on March 31,2026, subject to the approval of the shareholders at the
ensuing annual general meeting of the company. The actual dividend amount will be dependent on the relevant share capital
outstanding as on the record date / book closure.

42. Earnings per share

For the purpose of computing the earnings per share, the net profit after tax has been used as the numerator and the weighted
average number of shares outstanding has been considered, as the denominator.

46. Relationship with struck off companies

As at March 31,2026

During the year there was no transaction with struck off company

As at March 31,2025

During the year there was no transaction with struck off company

47. Additional Regulatory Information

i The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for
holding any Benami property.

ii The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

iii The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

iv No schemes of arrangements have been applied or approved by the Competent Authority in terms of section 230 to 237 of the
Companies Act, 2013.

v The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies
(Restriction on number of Layers) Rules, 2017.

vi The title deeds of all immovable properties, (other than immovable properties where the Company is the lessee and the lease
agreements are duly executed in favour of the Company) disclosed in the financial statements included in property, plant and
equipment and capital work-in-progress are held in the name of the Company as at the balance sheet date.

vii The Company have no such transaction which is 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 (such as, search or survey or any other relevant
provisions of the Income Tax Act, 1961.

50. The Company has used MS Dynamics , an accounting software system for maintaining its books of account for the year ended
31^st March, 2026 which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all
relevant transactions recorded in the software system. Further, there were no instances of audit trail feature being tampered with,
Additionally , the audit trail that was enabled and operated for the year ended March 31,2025, has been preserved by the Company as
per the statutory requirements for record retention.

51. The Standalone financial statements were authorised for issuance by the Board of Directors in the meeting held on May 27, 2026.
The position of Company Secretary fell vacant on March 01, 2026 and the Company is yet to appoint one. Accordingly, these
Standalone financial statements have not been authenticated by a Company Secretary.