4. Claims, Provisions and Contingent Liabilities:

The Company has ongoing litigations with various regulatory
authorities and third parties. Where an outflow of funds is
believed to be probable and a reliable estimate of the outcome
of the dispute can be made based on management's
assessment of specific circumstances of each dispute and
relevant external advice, management provides for its best
estimate of the liability. Such accruals are by nature complex
and can take number of years to resolve and can involve
estimation uncertainty. Information about such litigations is
provided in notes to the financial statements.

C. Rights, Preference and Restriction attached to Shares

The company has only one class of equity shares having par value of Rs.10/- each and is entitled to one vote per share. 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 of the Company, the holders of the equity will be entitled to receive the
remaining assets of the company after distribution of all preferential amounts.

a) Secured Loans are covered by:

From Bank *

Term Loan from bank is secured by hypothecation of machineries / equipments purchased out of term loan.

From Bank **

Secured by way of hypothecation first charge on Raw Material, Stock-in-process, Finished Goods, spares, stores,
consumables, receivables and other current assets of the Company both present and future on pari passu basis with other
Banker.

NOTES TO THE FINANCIAL STATEMENTS
33. Segment Reporting

The company's operating business are organized and managed separately according to the nature of products. The four identified
reportable segments are (i) Industrial Hand gloves, (ii) Garments (iii) Power generation and (iv) Other & traded items segment. The
secondary segment is the geographical segment based on the I ocation of manufacturing unit.

The Chief Operating Decision Maker (CODM) monitors the operating results of its business units separately for the purpose of
making decisions about resource allocation and performance assessment.Segment performance is evaluated based on profit or
loss and is measured consistently.

35. Additional Disclosure

According Ministry of Corporate Affairs (MCA) had introduced changes in Schedule III to the Companies Act, 2013 vide its
notification G.S.R. 207(E) dated 24th March, 2021, the following disclosures are given.

a. Revaluation of Property, Plant and Equipment and intangible assets.

The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both
during the current or previous year.

b. Loans or Advances granted to Promoters, Directors, KMPs and Related Parties

During the period the Company has not granted any Loans or Advances to Promoters, Directors, KMPs and Related
Parties.

c. Wilful Defaulter

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

d. Transaction with struck off companies

The Company does not have any material transaction with struck off Companies.

e. Pending filing of charges

The Company does not have any pending filing of charges.
f Compliance with Approved Scheme(s) of Arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on the current or previous
financial years.

g Details of Crypto Currency or Virtual Currency

The company has not traded or invested in crypto currency or virtual currency during the current or previous year.
h. Key Financial Ratio

i Compliance with number of layers of investments

The Company has complied with number of layers of investments.
j Details of Benami Property held

The Company does not hold any Benami Property and there were no proceedings initiated or pending against the Company for
holding any benami property under the Benami Transactions (Prohibitions) Act, 1988 and the Rules made there under, hence no
disclosure is required to be given .
k Utilization of Borrowed Funds and Share Premium

(i) The Company has not advanced or loaned or invested funds (either borrowed funds or Share premium or any other sources or
kind of funds) to any other person(s) or entity(ies), including foreign entities (intermediaries) with the understanding (whether
recorded in writing or otherwise) that the intermediary shall; Directly or indirectly lent or invest in other person(s) or entity (ies)
identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) Or Provide any guarantee, security
or the like to or on behalf of the Ultimate Beneficiaries.

(ii) The Company has not received any fund 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
person(s) or entity(ies) identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) Or
Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries. Hence no disclosure required.

l Undisclosed Income

The Company does not have any undisclosed Income which was not recorded in the books of accounts and which 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. Also the Company does not have previously unrecorded income and related assets
which were required to be properly recorded in the books of accounts during the year
m Borrowings secured against current assets

In respect of borrowings from banks or financial institutions on the basis of security of current assets, the quarterly returns or
statements of current assets filed by the Company with them are in agreement with the books of accounts.
n Details of title deeds of Immovable Properties not held in the name of the Company

The title deeds of immovable property ( other than properties where the company is the lessee and the lease agreement are
duly executed in favour of lease) are held in the name of the Company.

36. Financial Instruments and Related Disclosures
1. Capital Management

The Company's financial strategy aims to support its strategic priorities and provide adequate capital to its businesses for growth
and creation of sustainable stakeholder value. The Company funds its operations through internal accruals. The Company aims
at maintaining a strong capital base largely towards supporting the future growth of its businesses as a going concern.

C. Financial risk management objectives

The Company has a system-based approach to risk management, anchored to policies and procedures and internal financial
controls aimed at ensuring early identification, evaluation and management of key financial risks (such as market risk, credit risk
and liquidity risk) that may arise as a consequence of its business operations as well as its investing and financing activities.
Accordingly, the Company's risk management framework has the objective of ensuring that such risks are managed within
acceptable and approved risk parameters in a disciplined and consistent manner and in compliance with applicable regulation. It
also seeks to drive accountability in this regard.

Liquidity Risk

The Company's Current assets aggregate to '12,505.03 Lakhs ( PY - '11,397.51 Lakhs ) including Cash and cash equivalents
and Other bank balances of '19.45 Lakhs ( PY - ' 79.96 Lakhs) against an aggregate Current liability of '7,944.24 Lakhs ( PY -
'7,429.88 Lakhs ); Non-current liability due after three years amounting to '42.69 Lakhs ( PY - '3.73 Lakhs) on the reporting
date.

Further, while the Company's total equity stands at '8,729.39 Lakhs ( PY - '7,880.53 Lakhs ), it has long term borrowings of
'107.47 Lakhs ( PY - '15.84 Lakhs). In such circumstances, liquidity risk or the risk that the Company may not be able to settle or
meet its obligations as they become due does not exist.

Market Risks

The Company is not an active investor in equity markets; it continues to hold certain investments in equity for long term value
accretion.

The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the
management of these risks. The Company's senior management is supported by a Senior officer that advises on financial risks
and the appropriate financial risk governance framework for the Company. The financial risk appropriate policies and procedures
and that financial risks are identified, measured and managed in accordance with the Company's policies and risk objectives. All
derivative activities for risk management purposes are carried out by specialist personnel's that have the appropriate skills,
experience and supervision. It is the Company's policy that no trading in derivatives for speculative purposes may be
undertaken. The Board of Directors reviews and agrees policies for managing each of these risks.

Foreign currency risk

The Company undertakes transactions denominated in foreign currency (mainly US Dollar & Euro ) which are subject to the risk
of exchange rate fluctuations. Financial assets and liabilities denominated in foreign currency, including the Company's net
investments in foreign operations (with a functional currency other than Indian Rupee), are also subject to reinstatement risks.

The carrying amount of foreign currency denominated financial assets and liabilities including derivative contracts, are as
follows:

D. Fair value measurement

Fair value hierarchy

Fair value of the financial instruments is classified in various fair value hierarchies based on the following three
Level 1: Quoted prices (unadjusted) in active market for identical assets or liabilities.

Level 2:Inputs other than quoted price included within level 1 that are observable for the asset or liability, either directly (i.e. as
prices) or indirectly (i.e. derived from prices).

The fair value of financial instruments that are not traded in an active market is determined using market approach and valuation
techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If
significant inputs required to fair value an instrument are observable, the instrument is included in Level 2.

Derivatives are valued using valuation techniques with market observable inputs such as foreign exchange spot rates and
forward rates at the end of the reporting period, yield curves, risk free rate of returns, volatility etc., as applicable.

Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

If one or more of the significant inputs is not based on observable market data, the fair value is determined using generally
accepted pricing models based on a discounted cash flow analysis, with the most significant inputs being the discount rate that
reflects the credit risk of counterparty.

The fair value of trade receivables, trade payables and other Current financial assets and liabilities is considered to be equal to
the carrying amounts of these items due to their short-term nature. Where such items are Non-current in nature, the same has
been classified as Level 3 and fair value determined using discounted cash flow basis. Similarly, unquoted equity instruments
where most recent information to measure fair value is insufficient, or if there is a wide range of possible fair cost has been
considered as the best estimate of fair value.

There has been no change in the valuation methodology for Level 3 inputs during the year. The Company has not classified any
material financial instruments under Level 3 of the fair value hierarchy. There were no transfers between Level 1 and Level 2
during the year.

37. The figures for the corresponding previous year have been regrouped / reclassified wherever necessary, to make them
comparable.

38. Approval of Financial Statements

The Financial Statements were approved for issue by the Board of Directors on 28th May 2025.

In terms of our report attached

For SRB & ASSOCIATES For and on behalf of the Board of Directors

Chartered Accountants

^{Firm Reg}. ^{No 310009E} Shri Krishan Saraf Deo Kishan Saraf

Bi_swanath P_aul Managing Director Whole Time Director

Partner DIN 00128999 DIN 00128804

Membership No. 068186

UDIN : 25068186BMHOEF7754 Bishnu Kumar Kesan Paulami Mukherjee

^Place : ^Kolkata Chief Financial Officer Company Secretary

Date : 28th May, 2025 M. No.- A49780