1.11 Provisions, Contingent liabilities and Contingent
Assets

Provision is 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 obligation. Provision is not recognised for
future operating losses.

Provision is measured at the present value of
management's best estimate of the expenditure required
to settle the present obligation at the end of the reporting
period. If the effect of the time value of money is material,
the amount of provision is discounted using an appropriate
pre-tax rate that reflects current market assessments of
the time value of money and, when appropriate, the risks
specific to the liability. When discounting is used, the
increase in the provision due to the passage of time is
recognised as a finance cost.

A Contingent liability is disclosed in case of a present
obligation arising from past events, when it is either not
probable that an outflow of resources will be required
to settle the obligation, or a reliable estimate of the
amount cannot be made. A Contingent Liability is also
disclosed when there is a possible obligation arising from
past events, the existence of which will be confirmed
only by occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of
the Company.

Contingent Assets are not recognised but where an inflow
of economic benefits is probable, contingent assets are
disclosed in the financial statements.

1.12 Revenue Recognition

Revenue is recognised to the extent that it is probable
that the economic benefits will flow to the Company
and the revenue can be reliably measured. Revenue is
measured at the fair value of the consideration received
or receivable, taking into account contractually defined
terms of payment and excluding taxes or duties collected
on behalf of the government.

a) Sale of Goods

Revenue from sale of goods is recognised upon
transfer of significant risk and rewards of ownership of
the goods to the customer which generally coincides with
dispatch of goods to customer. Sales exclude Goods
and Service Tax (GST). It is measured at fair value of
consideration received or receivable, net of returns,
rebates and discounts.

Income from Wind Power is recognised at the point of
generation.

b) Rendering of Services

Revenue from services are recognised as and when
the services are rendered on stage of completion
method.

c) Interest Income

Interest income from a financial asset is recognised when
it is probable that the economic benefits will flow to the
Company and the amount of income can be measured
reliably. Interest income is accrued on a time basis, by
reference to the principal outstanding and at the effective
interest rate applicable. The effective interest rate is the
rate that exactly discounts estimated future cash receipts
through the expected life of the financial asset to the
gross carrying amount of that financial asset.

d) Dividends

Dividend income from investments is recognised when
the Company's right to receive dividend is established,
which is generally when the shareholders approve the
dividend.

1.13 Employee Benefits

Employee benefits include Provident Fund, Employee
State Insurance Scheme, Gratuity Fund, Leave
Encashment.

a) Short-Term and Other Long-term Employee Benefits

A liability is recognised for benefits accruing to employees
in respect of short-term employee benefits in the period
the related service is rendered at the undiscounted
amount of the benefits expected to be paid in exchange
for that service. A liability is recognised for benefits
accruing to employees in respect of other long-term
employee benefits are measured at the present value of
the estimated future cash outflows expected to be made
by the Company in respect of services provided by the
employees up to the reporting date.

b) Defined Contribution Plan

The Company's contribution to Provident Fund and
Employee State Insurance Scheme are considered
as defined contribution plans and are charged as an
expense based on the amount of contribution required
to be made and when services are rendered by the
employees.

c) Defined Benefit Plani) Gratuity

In accordance with applicable Indian laws, the Company
provides for gratuity, a defined benefit retirement plan
(“Gratuity Plan”) covering all employees. The Gratuity
Plan provides a lump sum payment to vested employees,
at retirement or termination of employment, an amount
based on the respective employee's last drawn salary
and the years of employment with the Company. Liability
with regard to Gratuity Plan is accrued based on actuarial
valuation at the Balance Sheet date, carried out by an
independent actuary.

Payment for present liabilities of future payment of
gratuity for all employees other than Managing Director
is being made to approved gratuity fund managed by Life
Insurance Corporation of India (LIC).

Re-measurement, comprising actuarial gains and losses,
is reflected immediately in the Balance Sheet with a charge
or credit recognised in Other Comprehensive Income
in the period in which they occur. Re-measurement
recognised in Other Comprehensive Income is reflected
immediately in retained earnings and is not reclassified
to Profit and Loss. Past service cost is recognised in the
Statement of Profit and Loss immediately for both vested
and the non-vested portion.

ii) Compensated Absences

The Company provides for the encashment of absence
or absence with pay based on policy of the Company in
this regard. The employees are entitled to accumulate
such absences subject to certain limits, for the future
encashment or absence. The Company records an
obligation for compensated absences in the period in
which the employee renders the services that increases
this entitlement. The Company measures the expected
cost of compensated absences as the additional amount
that the Company expects to pay as a result of the
unused entitlement that has accumulated at the Balance
Sheet date on the basis of an independent actuarial
valuation.

1.14 Exceptional Items:

Exceptional items are disclosed separately in the
financial statements where it is necessary to do so to
improve the understanding of the financial performance
of the Company. These are material items of income or
expense which by its size, incidence or nature require
separate disclosure.

1.15 Taxes on Income

Income tax expense represents the sum of the tax
currently payable and deferred tax.

a) Current Tax

The tax currently payable is based on taxable profit for
the year. Taxable profit differs from 'profit before tax' as
reported in the Statement of Profit and Loss because of
items of income or expense that are taxable or deductible
in other years and items that are never taxable or
deductible. The Company's current tax is calculated
using applicable tax rates that have been enacted or
substantively enacted by the end of the reporting period
and the provisions of the Income Tax Act, 1961 and other
tax laws, as applicable.

b) Deferred Tax

Deferred tax is recognised on temporary differences
between the carrying amounts of assets and liabilities
in the financial statements and the corresponding tax
bases used in the computation of taxable profit. Deferred
tax liabilities are generally recognised for all taxable
temporary differences. Deferred tax assets are generally
recognised for all deductible temporary differences
to the extent that it is probable that taxable profits will
be available against which those deductible temporary
differences can be utilised.

The carrying amount of deferred tax assets is reviewed
at the end of each reporting period and reduced to the
extent that it is no longer probable that sufficient taxable
profits will be available to allow all or part of the asset to
be recovered.

Deferred tax liabilities and assets are measured at the tax
rates that are expected to apply in the period in which the
liability is settled or the asset realised, based on tax rates
(and tax laws) that have been enacted or substantively
enacted by the end of the reporting period.

The measurement of deferred tax liabilities and assets
reflects the tax consequences that would follow from the
manner in which the Company expects, at the end of the
reporting period, to recover or settle the carrying amount
of its assets and liabilities.

c) Current and deferred tax for the year

Current and deferred tax are recognised in profit or loss,
except when they relate to items that are recognised
in other comprehensive income or directly in equity,
in which case, the current and deferred tax are also

recognised in other comprehensive income or directly in
equity respectively.

1.16 Earnings Per Share

Basic earnings per share are calculated by dividing the
net profit or loss for the period attributable to equity
shareholders (after deducting preference dividends, if
any, and attributable taxes) by the weighted average
number of equity shares outstanding during the
period.

1.17 Foreign Currency Transactions

Transaction in foreign currencies are initially recorded in
the functional currency, using the spot exchange rate at
the date of the transaction first qualifies for recognition.
Monetary assets and liabilities denominated in foreign
currencies are translated at the functional currency
spot rates of exchange at the reporting date. Exchange
differences that arise on settlement of monetary items
recognised in statement of Profit and Loss. Non monetary
items that are measured in terms of historical cost in a
foreign currency are translated using the exchange rate
at the date of the initial transactions.

1.18 Financial Instrumentsa) Initial Recognition and Measurement

Financial assets and financial liabilities are recognised
when the Company becomes a party to the contractual
provisions of the instruments.

At initial recognition, financial assets and financial
liabilities are initially measured at fair value or at
amortised cost. 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 value of the financial
assets or financial liabilities, as appropriate, on initial
recognition. Transaction costs directly attributable to the
acquisition of financial assets or financial liabilities at
Fair Value through Profit or Loss are recognised in the
Statement of Profit and Loss.

b) Financial Assets

i) Subsequent measurement

All recognised financial assets are subsequently
measured in its entirety at either amortised cost or fair
value, depending on the classification of the financial
assets.

c) Financial Liabilities and Equity Instruments

i) Equity Instruments

An equity instrument is any contract that evidences a
residual interest in the assets of an entity after deducting
all of its liabilities. Equity instruments issued by the
Company are recognised at the proceeds received.

ii) Financial Liabilities

All financial liabilities (other than derivative financial
instruments) are measured at amortised cost using
effective interest method at the end of reporting
periods.

d) Derecognition of Financial Assets and Liabilities

The Company derecognises a financial asset when the
contractual rights to the cash flows from the financial asset
expire or when the Company transfers the contractual
rights to receive the cash flows of the financial asset in
which substantially all the risks and rewards of ownership
of the financial asset are transferred or in which the
Company neither transfers nor retains substantially all
the risks and rewards of ownership of the financial asset
and does not retain control of the financial asset. The
Company derecognises a financial liability (or a part
of financial liability) when the contractual obligation is
discharged, cancelled or expires.

.19 Recent Accounting Pronouncements

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,
2026, MCA has notified below mentioned amendments
that are applicable or may have a material impact to the
Company.

Amendments to Ind AS 1, “Presentation of Financial
Statements”, (as applicable for annual reporting periods
beginning on or after April 1,2025, retrospectively) - The
amendment relates to classification of liabilities as current
or non-current and non-current liabilities with covenants.,
it removes the requirement for an unconditional right to
defer settlement for at least 12 months after the reporting
date, requiring instead that the said right must exist on
the reporting date and have substance. The amendment
also introduces guidance on classification of liabilities
with covenants. With certain specific provisions taking
effect retrospectively for reporting period beginning on
or after April 1, 2026, these amendments have no effect
on the measurement or classification of any items in the
financial statements of the Company.

Amendments to Ind AS 7, “Statement of Cash Flows”
and Ind AS 107, “Financial Instruments : Disclosures”,
(applicable for annual reporting periods beginning on
or after April 1, 2025) - The amendment in Ind AS 7
requires entities to inform users of financial statements
of the existence of supplier finance arrangements
including 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 has reviewed the
amendment and determined that it has no such supplier
finance arrangement and accordingly, no disclosure is
required in its financial statements.

Amendments to Ind AS 12, “Income Taxes” regarding
International Tax Reform - Pillar Two Model Rules,
(applicable immediately, retrospectively) - The
amendments provide a temporary mandatory relief from
deferred tax accounting (i.e.the recognition and disclosure
of deferred Tax asset & liabilities) for Pillar two top-up
taxes. The Company has reviewed this amendment and
based on its evaluation, has determined that it does not
have any Impact on its financial statements.

Amendments to Ind AS 21 - “The Effects of Changes
in Foreign Exchange Rates”, (applicable for annual
reporting periods beginning on or after April 1,2025). The
Amendments introduces requirement to assess when a
currency is exchangeable into another currency and how
to estimate the spot exchange rate when exchangeability
is lacking. The Company has reviewed this amendment
and determined that it does not have any impact in its
financial statements.

b) There is no change in share Capital during the year under review or in the earlier yearc) Rights, preferences and restrictions attached to equity shares :

The Company has one class of equity shares having a par value of ? 5/- per share. 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.

d) Equity shares movement during 5 years preceding 31 March 2026

The Company bought back 7,66,616 equity shares for an aggregate amount of ? 42.16 crore being 5.93% of the total paid
up equity share capital at ? 550 per equity share. The equity shares bought back were extinguished on 20 October 2021.

17.1 Description of the nature and purpose of each reserve within equity is as follows:a) Capital Reserve

It represents the gains of capital nature on forfeiture of shares.

b) Capital Redemption Reserve

It represents reserve created during buy back of Equity Shares and it is a non-distributable reserve.

c) Retained Earnings

Retained earnings are the profits that the Company has earned till date and is net of amount transferred to other reserves
such as general reserves etc., amount distributed as dividend and adjustments on account of transition to Ind AS.

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. Considering the materiality and regulatory-driven, non-recurring nature
of this impact, the Company has presented such incremental impact as “Past service cost on Gratuity” under “Exceptional
Items” in the statement of profit and loss for the year ended March 31, 2026. 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.

b) Other Information

(i) The title deeds of immovable properties (other than immovable properties where Company is the lessee and the lease
agreements are duly executed in favour of the lessee) disclosed in the financial statement are held in the name of the
Company.

(ii) The Company has not revalued its Property, Plant and Equipment's or Intangible Assets or both during the current year
or previous year.

(iii) The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.

(iv) The Company does not have any transaction with companies struck off under section 248 of the Companies Act, 2013
or section 560 of the Companies Act, 1956.

(v) The Company does not have any such transactions which is not recorded in the books of account 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).

(vi) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory
period.

(vii) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(viii) The Company has not been declared as a wilful defaulter by any bank or financial institution (as defined under
Companies Act, 2013) or consortium thereof, in accordance with the guidance on wilful defaulters issued by Reserve
Bank of India.

(ix) The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(x) 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

(xi) 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 Group 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) provided any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(xii) Other Information's as required pursuant to Notification dated 24 March 2021 under Schedule III are applicable to the
extent are given.

>7 EMPLOYEE BENEFITS

As required by Ind AS 19 ‘Employee Benefits' the disclosures are as under :
a) Defined Contribution Plans

Company offers its employees defined contribution plans in the form of Provident Fund (PF) and Employees' Pension
Scheme (EPS) with the government, and certain state plans such as Employees' State Insurance (ESI). PF and
EPS cover substantially all regular employees and the ESI covers certain employees. Contributions are made to the
Government's funds. While both the employees and Company pay predetermined contributions into the Provident Fund
and the ESI Scheme, contributions into the Pension fund is made only by Company. The contributions are normally
based on a certain proportion of the employee's salary. During the year, Company has recognised the following amounts

b) Defined Benefit Plans

Gratuity : Company makes annual contributions to Employees' Group Gratuity-cum Life Assurance (Cash Accumulation)
Scheme of LIC, a funded defined benefit plan for qualifying employees. The scheme provides for payment to vested
employees as under :

On normal retirement / early retirement / withdrawal / resignation :

As per the provisions of Payments of Gratuity Act, 1972 with vesting period of 10 years of service.

On the death in service :

As per the provisions of Payments of Gratuity Act, 1972 without any vesting period.

Death Benefit : Company provides for death benefit, a defined benefit plan (death benefit plan) to certain categories of
employees. The death benefit plan provides a lump sum payment to vested employees on death being compensation
received from the insurance company and restricted to limits set forth in the said plan. The death benefit plan is non¬
funded.

Although the analysis does not take into account full distribution of cash flows expected under the plan, it does provide
an approximation of sensitivity of assumptions. The estimated of future increase in compensation levels, considered in
the actuarial valuation, have been taken on account of inflation, seniority, promotion and other relevant factors such as
supply and demand in the employment market.

The expected contributions for Defined Benefit plan for the next financial year will be in line with FY 2025-26.

e) Leave Encashment:

Company's employees are entitled for compensated absences which are allowed to be accumulated and encashed as
per Company's rule. The liability of compensated absences, which is non-funded, has been provided based on report of
independent actuary using “Projected Unit Credit Method”.

Accordingly ? 16.98 Lakhs (Previous Year ? 17.71 Lakhs) being liability as at the year end for compensated absences
as per actuarial valuation has been provided in the accounts.

38 SEGMENT REPORTING

Operating Segment are those components of the business whose operating results are regularly reviewed by the chief
operating decision making body in the Company to make decisions for performance assessment and resource allocation.
Accordingly, the Company operates in manufacturing of Steel Tubes / Nuts and generation of Wind Power. However, the
operating segment in respect of Nuts and generation of Wind Power do not meet the quantitative thresholds for disclosure
under Ind AS 108 “Operating Segments” and hence aggregated.

39 EVENTS AFTER THE REPORTING PERIOD

The Board of Directors have recommended dividend of ? 15.00 [300 %] (Previous Year ? 15.00 [300%]) per equity share for
the financial year ended 31 March 2026. The dividend is subject to the approval by the shareholders in the ensuing Annual
General Meeting of the Company and therefore, has not been recognized as a liability as at the Balance Sheet date in line
with Ind AS 10 on “Events after reporting period”

The Board of Directors have recommended buy back of 8,68,100 fully paid equity shares of ? 5/- each from the shareholders
on proportionate basis of a tender offer at a price of ? 900 per equity shares for an aggregate amount of ? 7,812.90 lakhs in
accordance with the provisions of the Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations, 1998. The
Buy Back is subject to the approval by the shareholders in the ensuing Annual General Meeting of the Company

40 REVENUE (Ind AS 115)

(a) The operation of the Company are limited to primarily one segment viz, Seamless, ERW Precision Steel Tubes, Steel
Nuts and Sleeves. Revenue from contract with customers is from sale of manufactured goods and Wind Mills operations.
Sale of goods are made at a point in time and revenue is recognised upon satisfaction of the performance obligation
which is typically upon dispatch/delivery depending on the terms of sale. The Company has credit evaluation policy
based on which the credit limit for the trade receivables are established. There is no significant financing components as
the credit period provided by the Company not significant.

Notes :

i) Amounts received before the related performance obligation is satisfied are included in the balance sheet (Contract
Liability) as “Advances received from Customers ? 265.01 Lakhs (PY ?72.76 Lakhs) under Other Current Liabilities
(Refer Note 24). Amounts billed but not yet paid by the customer are included in the balance sheet under Trade
Receivables (Refer Note 10).

ii) There were no significant changes in the composition of the contract liabilities and Trade Receivables during the reporting
period other than on account of periodic invoicing and revenue recognition.

45 CAPITAL MANAGEMENT

For the purpose of the Company's Capital Management, Capital includes issued Equity Capital and all Other Reserves
(including Capital Redemption Reserve created on buy back of Equity Shares) attributable to the Equity shareholders of
the Company. The Primary objective of the Company's Capital Management is to maximise the shareholders' value. The
Company's Capital Management objectives are to maintain equity including all reserves to protect economic viability and to
finance any growth opportunities that may be available in future so as to maximise shareholder's value.

46 FINANCIAL INSTRUMENTS - FAIR VALUES AND RISK MANAGEMENT
A Fair value measurements

i) Fair value of financial assets and liabilities that are measured at fair value on a recurring basis

Fair value of the financial assets and liabilities are defined as the price that would be received to sell an asset or paid to
transfer a liability in an orderly transaction between the market participants at the measurement date.

Valuation

The Fair values of investments in units of mutual fund units is based on the net asset value ('NAV') as stated by the
issuers of these mutual fund units in the published statements as at the Balance Sheet date. NAV represents the price
at which the issuer will issue further units of mutual fund and the price at which issuers will redeem such units from the
investors.

The Fair values of investments in Bonds which are quoted, are based on the quoted price of those bonds on the
measurement date.

Fair Value measurement hierarchy

The fair value of financial instruments as referred below have been classified into three categories depending on the
method used in the valuation technique.

The hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1
measurements) and lowest priority to unobservable inputs (Level 3 measurements).

The categories used are as follows:

Level 1: Quoted prices for identical instruments in an active market;

Level 2: Directly or indirectly observable market inputs, other than Level 1 inputs; and
Level 3: Inputs which are not based on observable market data.

The following table gives information about how the fair values of these financial assets and financial liabilities are
determined (in particular, the valuation technique(s) and input used)

B Financial Risk Management and Policies

The Company's financial risk management is an integral part of how to plan and execute its business strategies. The risk
management policy is approved by the Company's Board. The Company's principal financial liabilities comprise of trade
and other payables. These financial liabilities form part of the Company's working capital. The Company's principal financial
assets include trade and other receivables, and cash and cash equivalents that derive directly from its operations and
investments. The Company is exposed to market risk, credit risk, liquidity risk, etc. The objective of the Company's financing
policy are to secure solvency, limit financial risks and optimise the cost of capital, if any. The Company's capital structure is
managed using only equity as part of the Company's financial planning.

Company has exposure to following risk arising from financial instruments:

Credit risk
Liquidity risk
Market risk

a) Credit Risk

Credit risk refers to risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company.
Credit risk arises primarily from financial assets such as trade receivables, investments in units of mutual funds, other
balances with banks, deposits and other receivables.

i) Trade Receivable

Customer credit risk managed by Company's established policy, procedure and control relating to customer credit risk
management. Outstanding customer receivables are regularly monitored. Management believes that the unimpaired
amounts that are past due by more than 60 days are still collectables in full, based on historical payment behaviours and
analysis of customer credit risk.

ii) Financial instruments

The Company limits its exposure to credit risk by investing mainly in units of debt funds issued by mutual funds and
that too have higher credit rating. The Company monitors changes in credit risk by tracking published external credit
ranking.

b) Liquidity risk

Liquidity risk is the risk that Company may not be able to meet its present and future cash and collateral obligations without
incurring unacceptable losses. Company's objective is to, at all times maintain optimum levels of liquidity to meet its cash
and collateral requirements. Company closely monitors its liquidity position and deploys a robust cash management system.
Working capital requirements are adequately addressed by internally generated funds. Trade receivables are kept within
manageable levels. The Company has no outstanding bank borrowings. The Company believes that the working capital is
sufficient to meet its current requirements.

The Company aims to maintain the level of its cash and cash equivalents and other highly marketable debt investments
at an amount in excess of expected cash outflows on financial liabilities. The ratio of cash and cash equivalents and other
investments to outflow is 1.74 times as at 31 March 2026 and 1.36 times as at 31 March 2025.

The maturity of all financial liabilities of the Company is less than one year or on demand.

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 three types of risk: interest rate risk, currency risk and other price risk, such as equity
price risk. Financial instruments affected by market risk include loans and borrowings, deposits, investments and derivative
financial instruments. The Company does not have any loan or borrowing. The Company has designed risk management
frame work to control various risks effectively to achieve the business objectives. This includes identification of risk, its
assessment, control and monitoring at timely intervals.

C Foreign Currency Risk :

The fluctuation in foreign currency exchange rate do not have any material impact on profit and loss and other comprehensive
income as there are no significant exports and payments is in respect of certain expenses only. There is no receivable and
payable at the end of the year and in the previous year.

47 PREVIOUS YEAR FIGURES

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