2.12 Provisions and Contingencies:

Provisions involving a substantial degree of estimation in measurement are recognised
when there is a present obligation as a result of past events and it is probable that there
will be an outflow of resources. Contingent liabilities are not recognized but are
disclosed in the accounts by way of a note. Contingent assets are neither recognized nor
disclosed in the financial statements contingencies are recorded when it is probable
that a liability will be incurred and the amounts can reasonably be estimated.

Differences between the actual results and estimates are recognized in the year in which
the results are known materialized.

2.13 Financial Instruments:

A financial instrument is a contract that gives rise to a financial asset of one entity and
a financial liability or equity instrument of another entity. Financial assets and financial
liabilities are recognized when the Company becomes a party to the contractual
provisions of the relevant instrument and are initially measured at fair value.

Transaction costs that are directly attributable to the acquisition or issue of financial
assets and financial liabilities (other than financial assets and financial liabilities at fair
value through profit or loss) are added to or deducted from the fair value of the financial
assets or financial liabilities at fair value through profit or loss are recognized
immediately in profit or loss.

2.14 Financial Asset

i) Financial assets comprise of investments in Equity, Trade Receivables, Cash and Cash
Equivalents and Other Financial Assets.

ii) Depending on the business model (i.e) nature of transactions for managing those
financial assets and its contractual cash flow characteristics, the financial assets are
initially measured at fair value and subsequently measured and classified at:

a) Amortized cost; or

b) Fair value through Other Comprehensive Income (FVTOCI); or

c) Fair value through Profit or Loss (FVTPL)

d) Amortized cost represents carrying amount on initial recognition at fair value plus
or minus transaction cost.

iv) The company derecognises a financial asset when the contractual rights to the cash
flows from the asset expire, or when it transfers the financial asset and substantially all
the risks and rewards of ownership of the asset to another party.

On derecognition of a financial asset or part thereof, the difference between the carrying
amount measured at the date of recognition and the consideration received including
any new asset obtained less any new liability assumed shall be recognized in the
statement of profit and Loss.

v) The company assesses at each balance sheet date whether the financial asset or group
of financial assets is impaired. IND AS 109 requires expected credit losses to be
measured through a loss allowance. The company recognizes lifetime expected losses
for trade receivables that do not constitute a financing transaction. For all other
financial assets, expected credit losses are measured at an amount equal to 12 month
expected credit losses or at an amount equal to lifetime expected losses, if the credit risk
on the financial asset has increased significantly since initial recognition.

2.15 Financial Liability

i) Financial liabilities comprise of Borrowings from Banks, Trade payables, Derivative
financial instruments, financial guarantee obligation and other financial liabilities.

iii) Financial liabilities are derecognised when and only when it is extinguished (i.e)
when the obligation specified in the contract is discharged or cancelled or expired.

iv) Upon de-recognition of its financial liabilities or part thereof, the difference between
the carrying amount of a financial liability that has been extinguished or transferred to
another party and the consideration paid including any non-cash assets transferred or
liabilities assumed is recognized in the Statement of Profit and Loss.

2.16 Fair value measurement

i) Fair value is the price that would be received to sell an asset or paid to transfer a
liability in an orderly transaction between market participants at the measurement
date.

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

iii) All assets and liabilities for which fair value is measured are disclosed in the financial
statements are categorised within fair value hierarchy based on the lowest level input
that is significant to the fair value measurement as a whole. The fair value hierarchy is
described as below:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities

Level 2: Valuation techniques for which the lowest level inputs that are significant to
the fair value measurement are directly or indirectly observable.

Level 3: Valuation techniques for which the lowest level inputs that are significant to
the fair value measurement are unobservable.

iv) For assets and liabilities that are recognised in the Balance sheet on a recurring basis,
the company determines whether transfers have occurred between levels in the
hierarchy by reassessing categorisation at the end of each reporting period (i.e) based
on the lowest level input that is significant to the fair value measurement as a whole.

v) For the purpose of fair value disclosures, the company has determined the classes of
assets and liabilities based on the nature, characteristics and risks of the assets or
liabilities and the level of the fair value hierarchy as explained above.

vi) The basis for fair value determination for measurement and / or disclosure purposes
is detailed below:

a. Investments in Equity

The fair value is determined by reference to their quoted prices at the reporting date.
In the absence of the quoted price, the fair value of the equity is measured using
generally accepted valuation techniques.

b. Forward exchange contracts

The fair value of forward exchange contracts is based on the quoted price if available;
otherwise, it is estimated by discounting the difference between contractual forward
price and current forward price for the residual maturity of the contract using
government bond rates.

c. Non-derivative financial liabilities

The fair value of non-derivative financial liabilities viz, borrowings are determined for
disclosure purposes calculated based on the present value of future principal and
interest cash flows, discounted at the market rate of interest at the reporting date.

23. Additional Information to the Financial Statements

i) Remaining business of the Company is in the field of operation and maintenance of
power generating units and others ancillary operations retained with the Company.
There is no major adverse effect on the going concern of the Company. During the year
the revenue of your Company is Rs.17,04,645 /- as against Rs. 87,63,534/-.

ii) Contingent liability not provided for:

(a) Counter Guarantees furnished to the bank Rs. Nil (Previous year Rs. Nil).

(b) Towards outstanding Letter of Credit Rs. Nil (Previous year Rs. Nil) on account of
import of raw materials.

iii) Estimated amount of contracts remaining to be executed on capital accounts and not
provided for Rs. Nil (Previous year Rs. Nil).

iv) Claims against the Company not acknowledged as Debt Rs. Nil. Contingent liabilities not
provided for Rs. Nil.

v) Employee / Retirement Benefits: No provision for Retirement Benefits / gratuity to
employees has been made since there are no employees eligible for the same.

vi) There are no dues to enterprises as defined under Micro, Small and Medium Enterprises
Development Act, 2006, as at March 31, 2025 which is on the basis of such parties having
been identified by the management and relied upon by the auditors.

vii) As on the closing date, Company has circularized/sought confirmation of balance letters
to/from sundry debtors and Loans and Advance paid to parties / sundry creditors. In the
absence of negation, the balances appearing the books are taken as correct.

viii) Value of Imported & Indigenous Raw Materials, Spare Parts Components consumed Rs.
Nil (previous year Rs. Nil).

ix) CIF Value of Imports: Rs. Nil

x) Remittance in Foreign Currency towards Dividend - Rs. Nil.

xi) Earnings in Foreign Currency Rs. Nil (Previous year Rs. Nil)

xii) RELATED PARTY DISCLOSURES

Details of related parties including summary of transactions entered into by the Company
during the year ended 31 March 2025 are summarized below:

xii) SEGMENT INFORMATION FOR THE YEAR ENDED 31^st MARCH 2025.

Business Segment:

(a)The Company operates in generation of electricity from Non-conventional sources. Therefore,
the Company is of the view that the disclosure requirement of Accounting Standard INS AS - 108
issued by the Institute of Chartered Accountants of India is not applicable to the Company.

xiii) Previous year figures:

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

xiv) Key Financial Ratios: As per the Attachment

As per our report of even date annexed
For S.K GULECHA & ASSOCIATES
Chartered Accountants
FRN 013340S

^{R N}ataiajan Saraswathi

Managing Director Di_rect_or

^DIN- 00595027 DIN- 07140959

SANDEEP KUMAR GULECHA

(MN^R. 2²⁶²⁶³) V. Kumar Manas Ranjan Sahoo

Place: Chennai

Chief Financial Officer Company Secretary

Date: 28.05.2024

UDIN No: 25226263BMHXGK9897