t. Provisions, contingent liabilities and contingent assets

Company recognizes provision, when there is a present legal or constructive obligation as a result of
past events, where it is probable that there will be outflow of resources to settle the obligation and when
a reliable estimate of the amount of the obligation can be made. Where a provision is measured using
the cash flows estimated to settle the present obligation, its carrying amount is the present value of those
cash flows.

Contingent liabilities are recognition only when there is a possible obligation arising from past events, due
to occurrence or non-occurrence of one or more uncertain future events, not wholly within the control of
the Company, or where any present obligation cannot be measured in terms of future outflow of resources,
or where a reliable estimate of the obligation cannot be made.

Obligations are assessed on an ongoing basis and only those having a largely probable outflow of
resources are provided for.

As per Ind AS 37, Contingent liabilities, if any, are not recognized but are disclosed and described in the
notes to the financial statements, including an estimate of their potential financial effect and uncertainties
relating to the amount or timing of any outflow, unless the possibility of settlement is remote.

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

u. Cash and cash equivalents

Cash and cash equivalents for the purpose of the cash flow statement comprise cash at bank and in hand
and short-term investments with an original maturity of three months or less.

v. Related Party Disclosures

All disclosures as specified under Ind AS 24 are made in these financial Statements in respect of the
company’s transactions with related parties.

w. Financial Instruments:

Financial assets and financial liabilities are recognized on the Company Balance Sheet when the
Company becomes a party to the contractual provisions of the instrument.

a- Financial Assets - Trade receivables

Trade receivables are non-interest-bearing and are recognized initially at fair value.
b- Interest-bearing borrowings

Interest-bearing bank loans and overdrafts are initially recorded at fair value, net of attributable
transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at
amortized cost with any difference between proceeds and redemption value being recognized in
the Income Statement over the period of the borrowings on an effective interest basis.

c- Trade payable

Trades payable is non-interest-bearing and are recognized initially at fair value and subsequently
measured at amortized cost using the effective interest method.

x. Derivative financial instruments - (previously we were doing, not in current year)

Derivative transactions are not entered into by the Company in the form of Forward Contracts to mitigate
the risk of changes in the exchange rates on foreign currency exposures. The counter party of these
contracts is bank. Although, these derivatives constitute hedge from an economic perspective, they do
not qualify for hedge accounting under IND AS 109 and consequently are categorized as financial assets
or financial liabilities at Fair Value through Profit or Loss (FVTPL) category in accordance with Ind AS
109. The resultant gain or losses are included in the sales and other operating revenue in the profit & loss
account. Valued the outstanding forward contract at MTM basis.

Offsetting financial instruments

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when
there is a current legally enforceable right to offset the recognized amounts and there is an intention to
settle on a net basis or realize the asset and settle the liability simultaneously.

4- Derivative Instruments:

a) Derivative contracts entered into by the Company and outstanding as on 31^st March, 2025.
i) For hedging currency related risk:

Forward / option contracts (net) for Sales entered into by the Company and outstanding as on 31^st
March, 2025 amount to Rs. 0.(There is NIL outstanding Contract as on 31^st March 2025.)

Derivative instruments: The Company uses forward exchange contracts to hedge its exposure in
foreign currency risk. The information on such contracts is as follows:

A Details of Benami Property Held

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 during
the financial years ended 31 March 2025 and 31 March 2024.

B Registration of charges or satisfaction with Registrar of Companies

The Company does not have any charges or satisfaction yet to be registered with Registrar of Companies
beyond the statutory period.

C Ultimate beneficiary, if any

The Company has not received any funds from any party(s) (Funding Party) with the understanding that
the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by
or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on
behalf of the Ultimate Beneficiaries.

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 lend or invest in party identified by or on behalf of the Company (Ultimate
Beneficiaries).

D Undisclosed income

There are no transactions not recorded in the books of accounts.

E Wilful defaulter disclosure

The Company has not been declared as wilful defaulter by any bank or financial Institution or other
lender during the financial year ended 31 March 2025 and 31 March 2024.

F Title deeds of Immovable Properties not held in name of the Company

The Company does not possess any immovable property (other than properties where the Company is
the lessee and the lease agreements are duly executed in favour of the company).

G 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.

H Relationship with struck off companies

The Company does not have any transactions with companies struck off under section 248 of Companies
Act, 2013 during the financial year ended 31 March 2025 and 31 March 2024.

Fair Value measurement:

Fair value related disclosures for financial instruments and non-financial assets that are measured at fair value
or where fair values are summarized in the following notes.

The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the
liability takes place either in the principal market for the asset or liability or in the absence of a principal market,
in the most advantageous market for the asset or market for the asset or liability the principal or the most
advantageous market must be accessible by Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use
when pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate
economic benefits by using the asset in its highest and best use or by selling it to another market participant
that would use the asset in its highest and best use.

Valuation Techniques and Inputs used:

Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are
available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of
unobserved inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized
within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair
value measurement as a whole:

Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities

Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement
is directly or indirectly observable

Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement
is unobservable.

For assets and liabilities that are recognized in the financial statements on a recurring basis, Company
determines whether transfers have occurred between levels in the hierarchy by re-assessing categorization
(based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each
reporting period. For the purpose of fair value disclosures, Company has determined classes of assets and
liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value
hierarchy as explained above.

Financial risk management

The Company’s activities expose it to a variety of financial risks: credit risk, market risk and liquidity risk. The
Company’s focus is to foresee the unpredictability of financial markets and seek to minimize potential adverse
effects on it’s financial performance.

The Company’s risk management activity focuses on actively securing the company’s short to medium-term
cash flows by minimising the exposure to volatile financial markets.

The Company does not actively engage in the trading of financial assets for speculative purposes nor does it
write options. The most significant financial risks to which the Company is exposed are described below.

Comparison by class of the carrying amounts and fair value of Financial Instruments:

The management assessed that for all Financial Assets and Financial Liabilities, the carrying amounts are
equal to the fair value.

The figures for the previous year have been regrouped/reclassified wherever necessary and possible so as to
confirm with the figures of the current year.

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

For Mittal& Associates
Chartered Accountants
FR No. 106456W

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

Muk_esh Sha_rma Upendra Shah Ronish Shah Archana Agarwal Prashant Chauhan

Managing Director Director Company Secretary CFO

^Partner DIN: 00748451 DIN: 03643455 Membership No. PAN:

Membership No. 134020 A36704 ARNPC9627K

UDIN -25134020BMKZXJ4801

Place: Mumbai
Dated: 30-05-2025
** Segment Reporting: -

The Company has presented segment information in the consolidated financial statements which are presented in
the same financial report. Accordingly, in terms of Paragraph 4 of Ind AS 108 ‘Operating Segments’, no disclosures
related to segments are presented in these standalone financial statements.