k) Provisions, Contingent Liabilities and
Contingent Assets

Provisions are recognised when the
Company has a present legal or constructive
obligation as a result of past events, it
is probable that an outflow of resources
will be required to settle the obligation
and the amount can reliably estimated.
Provisions are 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.
Liabilities which are material and whose
future outcome cannot be ascertained
with reasonable certainty are treated
as contingent. The company does not
recognise a contingent liability but discloses
its existence in financial statements

l) Cash flow statement

Cash flow are reported using the indirect
method, whereby profit for the period is
adjusted for the effects of transactions of a
non-cash nature, any deferrals or accruals
of past or future operating cash receipts or
payments and item of income or expenses
associated with investing or financing
cash flows. The cash flow from operating
investing and financing activities of the
Company are segregated.

m) Foreign Currency Transactions

The functional currency of the company is
Indian Rupee. These financial statements
are presented in Indian Rupee.

Transactions and Balances.

The foreign current transactions are
recorded, on initial recognition in the
functional currency, by applying foreign

current amount the spot exchange rate
between the functional currency and the
foreign current at the date of transaction.
The foreign current monetary items are
translated using closing rate at the end of
each reporting period. Non-monetary items
that are measured in terms of historical
cost in a foreign currency shall be translated
using the exchange rate at the date of
transaction. Exchange differences arising
on the settlement of monetary items or on
translating monetary items at rates different
from those at which they were translated
on initial recognition during the period or
in previous financial statements shall be
recognised in profit or loss in the period in
which they arise.

n) Retirement & Other Benefits

i.) Gratuity: The Company has a defined
benefit gratuity plan. Every employee
who has completed 5 years are more of
service is entitled to gratuity on terms

not less favorable than the Provisions
of "The Payment of Gratuity Act 1972."
The company contributes periodically
with LIC of India.

. ii) Provident Fund: Retirement benefit in
the form of provident fund is a defined
contribution scheme. The company
has no obligation, other than the
contribution payable to the provident
fund. The company recognises
contribution payable to the provident
fund scheme as an expenses, when an
employee renders the related service.
iii) Superannuation Fund: Certain employees
are also participants in the superannuation
plan which is a defined contribution plan.
The company has no further obligations to
the plan beyond its monthly contribution
which are periodically contributed to
corpus which is invested with the Life
Insurance Corp. of India.

25. CORPORATE SOCIAL RESPONSIBILITY

As per the provisions of amended companies Act 2013 the companies having profit of ' 5 Cr or more has to spent 2% of their
average profits of last 3 years upon specific activity falling within CSR. The CSR Budget for the year 2024-25 of the company
was ' 27,340,158/-(after adjusting excess spent of previous year). The company has spent ' 27,706,247/- on CSR activities
during the Financial Year 2024-25 with the approval of CSR Committee of the Board. There is no unspent CSR Amount as on
March 31,2025.

27. DETAILS OF BENAMI PROPERTY

No proceedings has been initiated or pending against the Company for holding any benami property under The Benami
Transactions (Prohibition) Act, 1988.

28. RELATED PARTY DISCLOSURE

31. In the opinion of the Board of Directors, the Current Assets, Loans and Advances are approximately of the value stated if
realised in the ordinary course of business. The Provision for all known liabilities is adequate and not in excess of amount
reasonably necessary.

32. FOREIGN EXCHANGE EARNINGS

The company has exported goods during the year FOB value of which is ' 7,671,368,654/-.

33. BORROWING FROM BANKS AND FINANCIAL INSTITUTIONS

The company has taken Term loans from Banks during the year under Audit. The company Utilised the amount of Term Loans
raised for the purpose for which it was obtained.

The company also borrowed working capital facility from banks against current assets. The quarterly/Monthly statements filed
by the company with banks are in agreement with books of accounts. No discrepancies noticed.

Remarks

i) Increase in Debt Service Ratio is due to Increase in Profits and Decrease in Repayment of Term loans.

41. Previous Years Figures have been re-grouped/ re-arranged wherever consider necessary.

42. The comparative financial information of the Company for the year ended. March 31, 2024 included in these Ind AS
financial statements, are based on the previously issued statutory financial statements which were audited by the
predecessor auditor (M/s Harish & Co.) who expressed an unmodified opinion vide reports dated May 24, 2024.

For G.S. SYAL & CO.

Chartered Accountants (FRN - 000457N)

(GURCHARAN SINGH) Ranbir Singh Kulwin Seehra

Partner Mg. Director & CEO Executive Director

M. No. 080075

UDIN: 25080075BMGYMP2384

Place: Jalandhar Rakesh Kumar Gourav Jain

Dated: April 21,2025 Chief Financial Officer Company Secretary