l) Provision for liabilities and charges, Contingent liabilities and contingent assets

A provision is recognized when the Company has a present obligation as a result of 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.
Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the
reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

A contingent liability is a possible obligation that arises from past event whose existence will be confirmed by the occurrence or non¬
occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognized
because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in
extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. The Company does not
recognize a contingent liability but discloses its existence in the financial statements.

Contingent assets are not recognised but disclosed in the financial statements when an inflow of economic benefits is probable.

Refer Note 41 for details.

m) Foreign currency transactions

In the financial statements of the Company, transactions in currencies other than the functional currency are translated into the functional
currency at the exchange rates ruling at the date of the transaction. Monetary assets and liabilities denominated in other currencies are
translated into the functional currency at exchange rates prevailing on the reporting date except for those whose provisions have already
been booked. Non-monetary assets and liabilities denominated in other currencies and measured at historical cost or fair value are
translated at the exchange rates prevailing on the dates on which such values were determined.

All exchange differences are included in the statement of profit and loss.

n) Earnings per share

The Company presents basic and diluted earnings per share ("EPS") data for its equity shares. Basic EPS is calculated by dividing the
profit and loss attributable to equity shareholders of the Company by the weighted average number of equity shares outstanding during
the period. Diluted EPS is determined by adjusting the profit and loss attributable to equity shareholders and the weighted average
number of equity shares outstanding for the effects of all dilutive potential equity shares.

o) Segment Reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision-maker.
Revenue and expenses are identified to segments on the basis of their relationship to the operating activities of the segment. Inter
segment revenue are accounted for based on the cost price. Revenue, expenses, assets and liabilities which are not allocable to
segments on a reasonable basis, are included under "Unallocated revenue/ expenses/ assets/ liabilities".

p) Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 "Statement of Cash Flows", whereby profit / (loss) before tax is
adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The
cash flows from operating, investing and financing activities of the Company are segregated based on the available information.

q) Leases

The determination of whether an arrangement is (or contains) a lease is based on the substance of the arrangement at the inception of
the lease. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on the use of a specific asset or assets and
the arrangement conveys a right to use the asset or assets, even if that right is not explicitly specified in an arrangement.

For arrangements entered into prior to 1 April 2016, the Company has determined whether the arrangement contains lease on the basis
of facts and circumstances existing on the date of transition.

Company as a lessor

A lease is classified at the inception date as a operating lease. A lease that transfers substantially all the risks and rewards incidental to
ownership to the Company is classified as a finance lease & a lease other than finance lease is operating lease.

Operating lease payments are recognised as an income in the statement of profit and loss on a straight- line basis over the
lease term.

Refer Note- 42 for disclosure

r) Investment Property

(i) Recognition & Measurement

Land or building held to earn rentals. An investment property is measured initially at its cost. The cost of an investment
property comprises its purchase price and any directly attributable expenditure. After initial recognition, the company carries
the investment property at the cost less accumulated depreciation and accumulated impairment, if any. The residual value, and
the fair value of investment property is reviewed at least at each financial year end and, if expectations differ from previous
estimates, the change(s) is accounted for as a change in an accounting estimate in accordance with Ind AS 8 - Accounting
Policies, Changes in Accounting Estimates and Errors.

(ii) Depreciation

Depreciation on Investment property is provided on Straight Line Value Method. Depreciation has been provided on the basis of
useful life of the assets and the manner as prescribed in Schedule II of The Companies Act 2013.

s) Government Grants

The Company recognises government grants only when there is reasonable assurance that the conditions based grants will be received.
Where Government grants attached to non-monetary assets (PPE), the cost of such assets are presented at Net value after reducing the
grant and depreciation is charged on net value of PPE.

3 (A) Recent accounting pronouncements:

Ministry of Corporate Affairs ("MCA") notifies new standard 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 Group 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:

Ind AS 7 & Ind AS 107- Statement of Cash Flows and Financial Instruments

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 reviewed the
amendment and based on its evaluation has determined that it does not expect this amendment to have any significant impact in its financial
statements.

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 does not expect this amendment to have any significant
impact in its financial statements.

Ind AS 12- Income taxes

International Tax Reform - Pillar Two Model Rules applicable immediately - The amendments provide a temporary mandatory relief from
deferred tax accounting for top-up tax and disclose that they have applied the relief. This relief is immediate and applies retrospectively.

39 SEGMENT REPORTING

The Segment reporting of the Company has been prepared in accordance with IND AS-108, " Operating Segment" (Specified Under section
133 of the companies Act 2013, read with Rule 7 of Companies (Accounts) Rules 2015). For management purposes, the company is organized
into business units based on its products and services and has two reportable segments as follows:-

(a) Manufacturing cotton knitted garments and made ups and Processing Charges b) Trading of garments

Segments have been identified as reportable segments by the Company chief operating decision maker ("CODM"). Segment profit amounts
are evaluated by the board, which has been identified as the CODM, in deciding how to allocate resources and in assessing performance.

Segments Revenue, Results, Assets and Liabilities include the respective amounts identifiable to each of the segments and amount allocated on
a reasonable basis. Unallocated expenditure consist of common expenditure incurred for all the segments and expenses incurred at corporate
level. The assets and liabilities that cannot be allocated between the segments are shown as unallocated corporate assets and liabilities
respectively.

The accounting policies of the reportable segments are the same as the Company's accounting policies described in Note 3. Segment profit
(Earnings before interest, depreciation and amortization, and tax) amounts are evaluated regularly by the Board that has been identified as
its CODM in deciding how to allocate resources and in assessing performance. The Company financing (Including finance costs and finance
income) and income taxes are reviewed on an overall basis and are not allocated to operating segments.

The fair value of the financial assets and liabilities are included at the amount that would be received to sell an asset and paid to transfer a
liability in an orderly transaction between market participants. The following methods and assumptions were used to estimate the fair values:

Other non-current financial assets and liabilities: Fair value the carrying value as considered to approximate to fair value.

Derivative financial assets/liabilities: The Company enters into derivative contracts with various counterparties, principally
financial institutions. Forward foreign currency contracts are valued using valuation techniques with market observable inputs. The most
frequently applied valuation techniques for such derivatives include forward pricing using present value calculations, foreign exchange spot
and forward premium rates.

However, company did not enter into any forward contract during the FY 2025-26 & FY 2024-25.

There has been no transfer between level 1 and level 2 during the above periods

49 Financial risk management objectives and policies

The Company's activities expose it to the following risks:

a) Credit risk

b) Liquidity risk

c) Market risk

a) Credit Risk

Credit risk is the risk that counter party will not meet its obligations under a financial instruments or customer contract leading to a
financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing
activities including deposits with banks and financial institutions, foreign exchange transactions and other financial instruments.

i) Trade receivables

Customer credit risk is managed by the Company subject to the Company's established policy, procedures and control relating to
customer credit risk management. Outstanding customer receivables are regularly monitored and major customers are generally
secured by obtaining other forms of credit insurance. The maximum exposure to credit risk at the reporting date is the carrying
value of trade receivable disclosed in Note 11.

ii) Financial instrument and cash deposit

Credit risk is limited as the Company generally invest in deposits with banks and financial institutions with high credit ratings
assigned by international and domestic credit rating agencies. Counterparty credit limits are reviewed by the Company periodically
and the limits are set to minimise the concentration of risks and therefore mitigate financial loss through counterparty's potential
failure to make payments.

b) 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 always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without
incurring unacceptable losses or risking damage to the Company's reputation. Typically the Company ensures that it has sufficient cash
on demand to meet expected short term operational expenses. The Company's objective is to maintain a balance between continuity of
funding and flexibility through the use of bank loans/internal accruals.

c) 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 two types of risk: interest rate risk and foreign currency risk. Financial instruments affected by market risk
include borrowings, trade receivable and trade payable.

Interest rate risk is the risk that the fair value or future cash flows of the Company's financial instruments will fluctuate because of
changes in market interest rates. The Company does not have significant debt obligations with floating interest rates, hence, is not
exposed to any significant interest rate risk.

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign
exchange rates. The Company having a foreign currency risk majorly for trade receivables. The company mitigate the forex risk in
relation to trade receivables by entering into the derivative instrument i.e. forward sale contract.

49.1 Foreign currency risk management

The company undertakes transactions denominated in foreign currencies; consequently, exposures to exchange rate fluctuations arise.
The carrying amount of the company foreign currency dominated monetary assets and monetary liabilities at the end of the reporting period
are as follows:

49.2 Foreign currency sensitivity analysis

The Company is mainly exposed to the currency : USD

The following table details the Company's sensitivity to a 5% increase and decrease in the INR against the relevant foreign currencies. 5% is the
sensitivity rate used when reporting foreign currency risk internally to key management personnel and represents management's assessment
of the reasonably possible change in foreign exchange rates. This is mainly attributable to the exposure outstanding on receivables and payables
in the Company at the end of the reporting period. The sensitivity analysis includes only outstanding foreign currency denominated monetary
items and adjusts their translation at the period end for a 5% charge in foreign currency rate. A positive number below indicates an increase in
the profit or equity where the INR strengthens 5% against the relevant currency. For a 5% weakening of the INR against the relevant currency,
there would be a comparable impact on the profit or equity , and the balances below would be negative.

50 Capital management

The Company's objective is to maintain a strong capital base to ensure sustained growth in business. The Capital Management focusses to
maintain an optimal structure that balances growth and maximizes shareholder value. \

The Company is predominantly equity financed. Further, the Company has sufficient cash, cash equivalents, current investments and financial
assets which are liquid to meet the debts.

51 Critical estimates and judgements in applying accounting policies

The management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Information about
estimates and judgements made in applying accounting policies that have the most significant effect on the amounts recognized in the financial
statements are as follows:

i) Property, plant and equipment and useful life of property, plant and equipment and intangible assets

The carrying value of property, plant and equipment is arrived at by depreciating the assets over the useful life of assets. The estimate
of useful life is reviewed at the end of each financial year and changes are accounted for prospectively.

ii) Provisions and contingencies

The assessments undertaken in recognising provisions and contingencies have been made in accordance with the applicable Ind AS.
A provision is recognized if, as a result of a past event, the Company has a present legal or constructive obligation that can be
estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Where the
effect of time value of money is material, provisions are determined by discounting the expected future cash flows. The Company
has significant capital commitments in relation to various capital projects which are not recognized on the balance sheet.
In the normal course of business, contingent liabilities may arise from litigation and other claims against the Company. Guarantees
are also provided in the normal course of business. There are certain obligations which management has concluded, based on all
available facts and circumstances, are not probable of payment or are very difficult to quantify reliably, and such obligations are treated
as contingent liabilities and disclosed in the notes but are not reflected as liabilities in the financial statements. Although there can
be no assurance regarding the final outcome of the legal proceedings in which the Company involved, it is not expected that such
contingencies will have a material effect on its financial position or profitability (Refer Note 41 and 42).

iii) Defined benefit plan

The cost of the defined benefit gratuity plan and other post-employment medical benefits and the present value of the gratuity obligation
are determined using actuarial valuations. An actuarial valuation involves making various assumptions that may differ from actual
developments in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due
to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in

these assumptions. All assumptions are reviewed at each reporting date. The parameter most subject to change is the discount rate. In
determining the appropriate discount rate for plans operated in India, the management considers the interest rates of government bonds
in currencies consistent with the currencies of the post-employment benefit obligation. The mortality rate is based on publicly available
mortality table. Those mortality tables tend to change only at interval in response to demographic changes. Future salary increases and
gratuity increases are based on expected future inflation rates. (Refer note no. 29)

(iv) Taxes

Deferred tax assets and liabilities are recognised for deductible temporary differences and unused tax losses to the extent that it is
probable that taxable profit will be available against which the losses can be utilised. Significant management judgement is required to
determine the amount of deferred tax assets that can be recognised, based upon the likely timing and the level of future taxable profits
together with future tax planning strategies.

Notes to ratio

⁽¹⁾ Debt includes long-term Provisions and Other long- term debt.

⁽²⁾ Includes Net Profit after taxes, Depreciation & Amortization and Finance cost.

⁽³⁾ Debt Service Includes Interest on USL .

⁽⁴⁾ Revenue include credit sales only

⁽⁵⁾ Includes tangible net worth, total debt and deffered tax liability

⁽⁶⁾ Reflects Cost of Investment as on Closing of Finanical Year

Abbreviations used

1). EBIT - Earning Before Interest and Taxes
*Notes to ratios

1) . Current Ratio: The variation in the Current Ratio is primarily on account of an increase in trade payables(total outstanding dues of creditors other than

micro and small enterprises) and reduction in other current financial assets (Receivables from revenue authorities) as compared to the previous year.

2) . Return on Equity (ROE): The variation in return on equity (ROE) is primarily attributable to a decrease in profit during the year and increase in other equity

as compared to the previous year.

3) . Trade Receivables turnover ratio: The variation in trade receivables turnover ratio is primarily attributable to a decrease in sales during the year as

compared to the previous year.

4) . Trade Payables turnover ratio: The variation in trade payables turnover ratio is primarily attributable to decrease in purchase during the year and increase

in trade payables(total outstanding dues of creditors other than micro and small enterprises) as compared to the previous year.

5) . Net capital turnover ratio: The variation in net capital turnover ratio is primarily attributable to a decrease in sales during the year and increase in the

current liabilities under tarde payable as compared to the previous year.

6) . Net profit Ratio: Increase in the net profit ratio during the year was mainly attributable to reduced power and fuel consumption, which led to lower

operating expenses and higher net profit.

7) . Return on capital employed (ROCE): The variation in return on capital employed ratio is primarily attributable to a decrease in earning before interest and

tax during the year and increase in other equity as compared to the previous year. And Earning before interest and taxes decreases due to deacrease in sales
and decrease in expenses.

56 On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code,
2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing
labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact
due to changes in regulations. The Company has considered restructured compensation of its employees with effect from April 1, 2026, and
assessed the impact of the changes, consistent with the Labour Codes, draft rules, FAQs and legal opinion. The Company continues to monitor
the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide
appropriate accounting effect on the basis of such developments as needed.

57. There are no any 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 the rules made thereunder.

58 The company has not done any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

59. The Company has not declared wilful defaulter by any bank, financial institution or other lender.

60. The Company has not surrendered or disclosed any previously unrecorded income during the year in the tax assessments under the Income-

tax Act, 1961. Accordingly, there are no transactions relating to such income that have been recorded in the books of account during the
year.

61. Events Occurring After Balance Sheet Date

The Company has evaluated all events or transactions that occurred after 31st March 2025 up to the date the financial statements were issued.

Based on this evaluation, the Company is not aware of any events or transactions that would require recognition or disclosure in the financial
statements.