m Provisions, Contingent liabilities and Contingent assets

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow
of resources will be required to settle the obligation, in respect of which reliable estimate can be made. Provisions (excluding
retirement benefits and compensated absences) are not discounted to its present value and are determined based on best
estimate required to settle the obligation at the balance sheet date. These are reviewed at each balance sheet date and adjusted
to reflect the current best estimates. Contingent liabilities are not recognised in the financial statements. A contingent asset is
neither recognised nor disclosed in the financial statements.

(ii) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend proposed by
the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend.
In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all
preferential amounts, in proportion to their shareholding.

Reasons for Variances

(a) Current Ratio : The ratio has improved owing to reduction of the current liabilities owing to better cash management practices adopted
during the year

(b) Debt-Equity Ratio : The ratio has improved owing to reduction in overall borrowings and increment in shareholder funds

(c) Debt Service Coverage Ratio : The ratio has improved owing the higher net profits earned during the year leading to better cover for debt
services

(d) Return on Equity : The ratio has improved owing to higher profit during the year.

(e) Inventory Turnover Ratio : Increase in ratio due to significant increase in sales and reduction in holding value of inventory

(f) Trade Receivables Turnover Ratio : The ratio has improved owing to large increase in the sales during the year.

(g) Trade Payables Turnover Ratio : The ratio has increase due to increase in business volume for the year and reduction in levels of payables
due to better cash management practices for the year.

(h) Net Capital Turnover Ratio : The ratio has increased owing to higher turnover for the year and improved working capital for the year

(i) Net Profit Ratio : The ratio has reduced due to larger increase in turnover which was achieved for new contracts entered during the year.

(j) Return on Capital Employed : Increase in ratio due to EBIT grew significantly while capital employed remained steady.

39 Other Statutory Disclosures as per the Companies Act, 2013

1. The company has not granted any Loans or Advances in the nature of loans to promoters, Directors, KMPs or the related parties (as defined
under Companies Act, 2013,) either severally or jointly with any other person, repayable on demand or without specifying any terms or period
of repayment.

2. The company does not have any benami property, where any proceeding has been initiated or pending against the Company for holding any
benami property.

3. The company is not declared wilful defaulter by any bank or financials institution or lender during the year.

4. The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

5. The company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies (ROC) beyond the
statutory period except one charge of term loan taken by both the company. But, the procedure of registration was started by executing the
the supplimentory deed before the date of audit report.

6. The company has compiled with the number of layers prescribed under clause (87) of section 2 of the Companies Act 2013 read with
Companies (Restrictions on number of Layers) Rules, 2017.

7. There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013

8. The company has not advanced or loaned or invested funds to any other person(s) or entity(ies), 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.

9. 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:

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 to or on behalf of the ultimate beneficiaries.

10. The company does not have any 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).

11. The company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

12. As per the information and explanation given to us, the records examined by us and based on the examination of the conveyance deeds/
registered sale deed provided to us We report that the title deeds comprising all the Immovable Properties of building which are freehold and
are held in the name of the the group as at the Balance Sheet date.

13. The company has not revalued its Property, Plant and Equipments during the year.

14. The company does not have any Capital Work in Progress Account as at the Balance Sheet Date.

15. The company does not have any Intangible Assets under development as at the Balance Sheet Date.

16. The company does not fall under the ambit of section 135 of the Companies Act. 2013 and accordingly Company has not framed any CSR
Committee and CSR Policy.

40 Regrouping

The Corresponding figures of the previous year's have been regrouped/rearranged, whenever required.

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

For Rushabh R Shah and Co JIGAR CABLES LIMITED

Chartered Accountants
Firm's Registration No. 156419W

Sangita Vaghasiya Ramnikbhai Vaghasiya

Managing Director Whole Time Director

DPIN:06910845 DPIN:06965718

Rushabh Shah Monika Tyagi Akshay Vaghasiya

Proprietor Company Secretary Chief Financial Officers

Membership No. 607585 M.No.: ACS67951 PAN: BQCPV1913L

UDIN: 25607585BMKPMP8110

Place: Rajkot Place: Gondal

Date: 22 May, 2025 Date: 22 May, 2025