p) Provisions, Contingent liabilities and Assets

I) Provisions

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. The expense relating to a provision is presented in the Statement of Profit and Loss net of any reimbursement.

II) Contingent Liabilities

Contingent liability is disclosed for (i) Possible obligations which will be confirmed only by the future events not wholly within the control of the
company or (ii) Present obligations arising from past events where it is not probable that an outflow of resources will be required to settle the
obligation or a reliable estimate of the amount of the obligation cannot be made.

III) Contingent Assets

Contingent Assets are not recognised in the financial statements. Contingent Assets if any, are disclosed in the notes to the financial statements.

q) Earnings per Share

(i) Basic Earnings per share

Basic earnings per share is computed by dividing the profit / (loss) after tax by the weighted average number of equity.

(ii ) Diluted Earnings per share

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 (net of any attributable taxes) 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 share.

r) Government Grant

Government grants related to expenditure on property, plant and equipment are credited to the statement of profit and loss over the useful lives
of qualifying assets or other systematic basis representative of the pattern of fulfilment of obligations associated with the grant received. Total
grants received less the amounts credited to the statement of profit and loss at the balance sheet date are included in the balance sheet as
deferred income.

A government grant that becomes receivable as compensation for expenses to the entity with no future related costs is recognised in profit or loss
of the period in which it becomes receivable.

s) Segment Reporting

There is no separate reportable primary segment, as most of the operations are related to only one Segment viz. Copper Manufacturing.

t) 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.

u) Exceptional Items

Exceptional items are disclosed separately in the financial statements where it is necessary to do so to provide further understanding of the
financial performance of the Company. These are material items of income or expense that have to be shown separately due to the significance
of their nature or amount.

v) Events after the reporting period

Adjusting events are events that provide further evidence of conditions that existed at the end of the reporting period. The financial statements
are adjusted for such events before authorisation for issue. Non-adjusting events are events that are indicative of conditions that arose after the
end of the reporting period. Non adjusting events after the reporting date are not accounted but disclosed.

RECENT ACCOUNTING PRONOUCEMENTS: -

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 transaction, 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 in its financial
statements.

1) Securities Premium:

Securities Premium is received from the shareholders of the Company on issue of shares. The
Reserve is utilised as per the provisions of the Companies Act, 2013.

2) Capital Reserve

Capital Reserve is created by the company on account of forfeiture of partly unpaid equity shares.

3) Retained Earning

Retained earnings are the balance (debit /credit) in the statement of profit and loss.

c) Working Capital Loan from NBFC-

During ther year the Company has executed a memorandum cum settlement deed on 3rd October, 2024 with M/s Brijlaxmi Leasing and Finance
Limited for one time full and final settlement of outstanding amount of loan including accrued/ overdue interest along with disputed interest,
penalties and other charges at Rs 25.51 crores against release of all and every mortgage charges on property, plant and equipments including
personal guarantees of promoters & directors & withdrawl of all legal matters. The said entire consideration has been paid by the Company
during the year and there is no outstanding dues pertaining to working capital loan from NBFC as on 31st March 2025. The Company has
accounted gain of Rs 18.84 Lacs as an exceptional income on one time settlement of this loan.

2. Unsecured Loans :

a) From related parties- The interest free loan is taken from managing director of the company with no repayment schedule. Further the company
has passed resolution in board meeting dated 02-04-2025 and has taken approval from shareholders vide EGM dated 02-05-2025 to convert such
loan into Equity Shares of the Company. The Company has passed special resolution in general meeting to convert loan of Rs 1999.99 Lacs into
2,42,42,424 equity shares of FV Rs 1/- at valuation of Rs 8.25/- (Face Value Rs 1/- and premium Rs 7.25/-).

29. The Company has executed a memorandum cum settlement deed on 3rd October, 2024 with M/s Brijlaxmi Leasing and Finance Limited for
one time full and final settlement of outstanding amount of loan including accrued/ overdue interest along with disputed interest, penalties and other
charges at Rs 25.51 crores against release of all and every mortgage charges on property, plant and equipments including personal guarantees
of promoters & directors & withdrawl of all legal matters. The Outstanding liability of said loan in the books is Rs 44.35 Crores. During the year, the
Company has paid Rs 25.51 crores against the total liabilities of Rs 44.35 crores and accounted an Exceptional Income of Rs 18.84 crores on one
time settlement of dues.

C.1). The Company has reported net profit after tax of INR Rs 1972.19 Lacs for the period ended March 31, 2025. (PY Loss -109.80). The net
worth of the Company is negative as on March 31, 2025 and as on March 31, 2024.

The Company has accounted an exceptional income of Rs 18.84 crores on account of settlement of liabilities of Rs 44.35 crores in Rs 25.51
crores. The Company has also prepared business projections for future years taking into consideration the global demand of the copper market,
certain strategic changes implemented by the management to resolve key issues like capacity utilisation, finding high margin buyers etc. Basis on
such business projections, the Company is expected to report profits, positive cash flows and net-worth in next 2-3 years.

In view of the above, the Company is hopeful that it would be able to manage its business operations as usual in future and would be able to meet
its financial commitments. Hence, in the opinion of the Company, it is appropriate to prepare the Statement on a going concern basis.

2). Further, as stated in Note C(1) above, since the Company is hopeful that there will be improvement in the business going forward and
is taking other measures as well which would result in future taxable profit, hence, is carrying on the Deferred Tax Assets amounting to Rs.
292.62 Lacs as at March 31, 2025.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices.

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.

The Company's policy is to recognize transfers into and transfers out of fair value hierarchy levels at the end of the reporting period.
H. Financial Risk management

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

(a) Credit risk;

(b) Liquidity risk; and

(c) Market risk

The Company's risk management policies are established to identify and analyze the risks faced by the Company, to set appropriate risk controls
and to monitor risks. Risk management policies and systems are reviewed periodically to reflect changes in market conditions and the Company's
activities. The Company monitors compliance with the Company's risk management policies and procedures, and reviews the adequacy of the
risk management framework in relation to the risks faced by the Company.

a) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations,
and arises principally from the Company's receivables from customers, deposit and other receivables. Credit risk is managed t hrough continuous
monitoring of receivables and follow up of overdues.

Trade receivables

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer, demographics of the customer,
default risk of the industry and country in which the customer operates. Credit risk is managed through credit approvals, establishing credit limits
and continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business.

The Company has used expected credit loss (ECL) model for assessing the impairment loss. For the purpose, the Company uses a provision
matrix to compute the expected credit loss amount. The provision matrix takes into account external and internal risk factors and historical data
of credit losses from various customers and is adjusted for forward looking estimates.

Other than trade and other receivables, the Company has no other financial assets that are past due but not impaired.

Cash and Cash Equivalent

The Company held cash and cash equivalent and other bank balance of Rs. 50.95 Lacs at March 31,2025 (March 31,2024: Rs 155.21 Lacs).
The same are held with banks having good credit rating.

b) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligation as they fall due. The Company ensures that it will have
sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions.

Note-1 The Company incurred Exceptional Income of Rs 18.84 Cr during the year due to that company's Debt-Service Coverage Ratio,
Net Profit Ratio, Operating Profit Margin, Return on Capital Employed, Return on Equity Ratio, Return on Investment, Return on Net worth
and Earning Per Share are Negative.

T. Other Statutory Information

1. The Company does not have any Benami Property, where any proceeding has been Initiated or pending against the company for holding
any Benami property.

2. The Company does not have any charges or Satisfaction which is yet to be registered with ROC beyond the statutory period.

3. The Company has not traded or invested in Crypto currency or Virtual currency during the year.

4. The company has not advanced or loaned or invested funds to any other person(s) or entity(es), including foreign entities (Intermediaries)

with the understanding that the intermediary shall: (i) directly or indirectly lend or invest in other persons or Entities identified in any manner

whatsoever by on behalf of the company (ultimate beneficiaries) or (ii) Provide any guarantee, security or the like to or on behalf of the ultimate
Beneficiaries.

2. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) that the company shall: (i) directly or indirectly lend or invest in other persons or entities identified in
any manner whatsoever by or on behalf ofthe Funding Party (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like on behalf
of the Ultimate Beneficiaries.

3. The Company does not have any such transaction which is not recorded is not recorded in the books of accounts and that has been
surrendered or disclosed as income during the year in the tax assessments underthe Income Tax Act,1961 (such as, search or survey or any
other relevant provisions of the Income Tax Act,1961)

vii) The Company holds all the title deeds of immovable properties in its name.

viii) There is no scheme of arrangements approved by the competent authority in terms of sections 230-237 of the Companies Act, 2013.

ix) The company is not declared as wilful defaulter by any bank or financial Institution or other lender.

x) The Company does not have any subsidiaries and hence compliance with number of layers of companies is not applicable.

xi) The Company has no relationship with any struck off companies.

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

W. These Financial Statements were authorized for issue in accordance with the resolution of the Board of Directors in its meeting held on 29^th May,
2025.

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

For Maloo Bhatt & Co

Chartered Accountants
F R No. 129572W

Parsamal B Kanugo Rina G Patel

Managing Director Director

DIN: 00920021 DIN:02440550

Shyam Suder Lohia
Partner

M. No.:426642 Alpesh Kanugo Vaishali Joshi

Vadodara, 29th May,2025 Director & CFO Company Secretary