xii. Provision, Contingent Liabilities and Contingent Assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is present
obligation as a result of past events and it is probable that there will be an outflow of resources.

Contingent Liabilities are recognized and disclosed in the notes.

Contingent Assets are neither recognized nor disclosed in the financial statements.

xiii. Taxation

Provision for current tax is made on the basis of estimated taxable income for the current accounting year in
accordance with the Income Tax Act, 1961.

Deferred tax is recognized, subject to prudence, on timing difference, being the tax on difference between the
taxable income and the accounting income that originate in one period and is capable of reversal in one or
more subsequent periods. Deferred tax assets are recognized for unabsorbed depreciation and carry forward
losses to the extent there is virtual certainty that sufficient future taxable income will be available against
which deferred tax assets can be realized

xiv. Earnings Per Share

Earnings per share are calculated by dividing the net profit or loss for the period attributable to equity
shareholders, by the weighted average number of equities shares outstanding during the period.

Equity Shares

The Company has one class of equity shares having a par value of Rs. 10/- each. Each shareholder is eligible for
one vote per share held. The dividend, if proposed by the Board of Directors, is subject to the approval of the
shareholders in the ensuing Annual General Meeting. 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.

(e) Bonus Shares issued

The Board of Directors of the Company at the meeting held on February 27, 2025, approved issuance of one
bonus equity shares for every one fully paid up equity share having face value of ? 10 each and the issuance of
bonus issue has been approved by the shareholders of the Company at the annual general meeting of the
Company held on March 01, 2025. The record date for the bonus issue was March 01, 2025 and the allotment
date for it was March 11, 2025.

(g) Initial Public Offer

During the financial year 2025-26, the Company came out with an Initial Public Offer (“IPO”) of 75,00,000
Equity Shares of face value of Rs. 10/- each at an issue price of Rs. 38/- per equity share (including a securities
premium of Rs. 28/- per equity share) aggregating to Rs. 28.50 Crores. The IPO comprised a fresh issue of
equity shares and was listed on the SME Platform of BSE Limited on December 3, 2025.

Pursuant to the IPO, the paid-up equity share capital of the Company increased and the equity shares of the
Company got listed and admitted for dealings on the BSE SME Platform. The net proceeds from the issue are
being utilised towards the objects of the issue as stated in the Prospectus filed with the Securities and Exchange
Board of India (“SEBI”).

The above amount represents Custom Duty and Integrated Goods and Services Tax (IGST) payable on the
machinery imported during the Financial Year 2025-26, which is currently exempt from payment under the
Manufacture and Other Operations in Warehouse Regulations (MOOWR) Scheme, pursuant to which the
Company's factory premises have been designated as a Customs Bonded Warehouse. The said Custom Duty and
IGST shall become payable at the time of removal of the said machinery from the bonded warehouse. Since the
Company intends to use the machinery for manufacturing purposes and does not intend to sell the same in the
foreseeable future, the likelihood of this liability crystallising is considered remote. However, the same has been
disclosed as a contingent liability in accordance with AS 29 — Provisions, Contingent Liabilities and Contingent
Assets.

29. Balance confirmations

e balance of unsecured loans, loans and advances, creditors, advances to suppliers and debtors are subject to
confirmations.

Note:

1. During the financial year 2025-26, the Company came out with an Initial Public Offer (“IPO”) of
75,00,000 Equity Shares of face value of Rs. 10/- each at an issue price of Rs. 38/- per equity share
(including a securities premium of Rs. 28/- per equity share) aggregating to Rs. 28.50 Crores. The IPO
comprised a fresh issue of equity shares and was listed on the SME Platform of BSE Limited on
December 3, 2025. Accordingly, the weighted average number of equity shares outstanding has been
adjusted to reflect the impact of the IPO issue, in compliance with Accounting Standard (AS) 20 -
Earning Per Share, for the purpose of computing the restated EPS.

2. During the previous year, the Company issued bonus shares on March 11,2025. Accordingly, the
weighted average number of equity shares outstanding has been adjusted to reflect the impact of the
bonus issue, in compliance with Accounting Standard (AS) 20 - Earnings Per Share, for the purpose of
computing the restated EPS.

36. Capital Commitments:

The estimated amount of contracts remaining to be executed on capital account and not provided for (net of
advances) is ? Nil (Previous Year: ? Nil). The Company has fully paid for machinery aggregating to ^309.46
Lakhs as at 31st March 2026, for which the machine has been received only installation is pending. The same
has accordingly been classified and disclosed under Capital Work-in-Progress (CWIP) in the Balance Sheet as
at March 31, 2026 and will be capitalized upon being ready for its intended use.

37. Employee Benefits:

a) Defined Contribution Plan

Wherever applicable, the Company makes Provident Fund contributions to defined contribution plans for
qualifying employees. Under the Schemes, the Companies are required to contribute a specified percentage
of the payroll costs i.e. 12% to fund the benefits, maximum to the extent of ? 1,800 per month per qualified
employee.

b) Defined Benefit Plan

The Company offers its employees defined benefits plan in the form of Gratuity. This represents benefits to
employees based on number of years of service rendered by employees. The employee is entitled to
receive the same on retirement or resignation in accordance with the Payment of Gratuity Act as
applicable.

38. MSME:

The Company has requested information from its suppliers to compile information from them about their
coverage under the Micro Small and Medium Enterprises Development Act 2006. Based on the information
available with the Company and to the extent so identified by the Company there are no dues other than
disclosed below pending at the end of the period to any suppliers registered as Micro, Medium or Small
enterprises under the said Act.

There were no amounts which were required to be transferred to the Investor Education and Protection Fund
by the Company during the year.

41. During the financial year 2025-26, the equity shares of the Company were listed on BSE SME Platform with
effect from December 3, 2025, pursuant to its Initial Public Offering comprising issue of equity shares.
Consequent to such listing, the status of the Company has changed from an "Unlisted Public Limited Company" to
a "Listed Public Limited Company".

Note 2: The variance in the Debt-Equity Ratio is primarily attributable to the increase in shareholders' funds
following the Initial Public Offer (IPO) during the year. Further, the Company utilised a portion of the IPO
proceeds for the repayment of borrowings, resulting in a reduction in outstanding debt. Consequently, the
Company's borrowings are lower in proportion to the increased equity base as compared to the previous year.

Note 3: The variance in the Debt Service Coverage Ratio is primarily due to higher earnings available for debt
service on account of increase in Profit After Tax during the current year, coupled with lower debt servicing
obligations as compared to the previous year. The debt servicing obligations in the previous year were higher
mainly due to higher current maturities of long-term borrowings.

Note 4: Variance in the Return on Equity Ratio is primarily due to an increase in shareholders’ funds
following the Initial Public Offer (IPO) during the year.

Note 5: The variance is mainly on account of increase in COGS during the year as compared to previous year

Note 6: The variance in the Trade Receivables Turnover Ratio is primarily due to higher sales during the
current year. Further, the Trade receivables have also increased correspondingly as compared to the previous
year.

Note 7: The variance in the Trade Payables Turnover Ratio is primarily due to increase in purchases during
the current year along with increase in Trade payables as compared to the previous year.

Note 8: The variance in the Net Capital Turnover Ratio is primarily due to increase in revenue from
operations during the current year. Further, the working capital base has also increased as compared to the
previous year.

Note 9: Variance in Net Profit Ratio is due to increase in Net Profit & Revenue as compared to the previous
year.

Note 44: Additional notes as per amended Schedule III

(i) Title deeds of Immovable Property not held in name of the Company

The Company does not have any immovable property whose title deeds are not in the name of the Company.

(ii) Loans or Advances in the nature of loans

No Loans or Advances in the nature of loans are granted to Promoters, Directors, KMPs and the related parties (as
defined under Companies Act, 2013), either severally or jointly with any other person except as disclosed.

(iii) Details of Benami Property held

No proceedings have been initiated during the year or are pending against the Company as at March 31, 2025 for
holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules
made thereunder.

(iv) Utilisation of Borrowed funds and share premium

a. The Company has not advanced or invested funds (either borrowed funds or share premium or any other source or
kind of funds) to any person(s) or entity(ies), including foreign entities (intermediaries) with the understanding
(whether recorded in writing or otherwise) that the intermediary shall: (i) 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
(ii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

b. The Company has not received any funds from any person(s) or entity (ies), including foreign entities (funding
parties) with the understanding, whether recorded in writing or otherwise, that the Company shall, directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
funding party (the ultimate beneficiaries) or provide any guarantee, security or the like to or on behalf of the ultimate
beneficiaries.

c. The Company has not declared or paid any dividend during the year

(v) Security of Current Assets against Borrowings

The quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in
agreement with the books of accounts of the Company except for the Quarter/ Month ended 2026.

(vi) Relationship with struck off Companies

The Company has not entered into any transactions with the companies struck off under section 248 of the
Companies Act, 2013

(vii) Registration of Charges or satisfaction with Registrar of Companies

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

(viii) Corporate Social Responsibility

Section 135 of the Companies Act, 2013 is applicable to the Company and the same is disclosed separately above in
Note no 42

(ix) Details of Crypto Currency or Virtual Currency

The Company has not Invested or Traded in Crypto Currency or Virtual Currency during the financial year.

(x) Wilful Defaulter

The Company has not been declared a Willful Defaulter by any bank or financial institution or consortium thereof in
accordance with the guidelines on willful defaulters issued by the Reserve Bank of India.

(xi) The Company does not have any charges or satisfaction yet to be registered with ROC beyond the statutory

period.

(xii) The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read
with Companies (Restriction on number of Layers) Rules, 2017.

(xiii) The Company has not entered into any Scheme of Arrangements in terms of sections 230 to 237 of the
Companies Act, 2013.

(xiv) The Company has no transactions requiring disclosure in the books of accounts that have been surrendered or
disclosed as income during the year in the tax assessments under Income Tax Act, 1961. Further, there are no items
of previously unrecorded incomes and related assets requiring disclosure in the Financial Statements.

45. Previous year’s figures have been regrouped and rearranged wherever necessary to conform to current year’s
presentation.