1.12. Provisions and Contingent liabilities and contingent assets

Provisions represent liabilities for which the amount or timing is uncertain. Provisions are recognized when the Company has a
present obligation (legal or constructive), as a result of past events, and it is probable that an outflow of resources, that can be reliably
estimated, will be required to settle such an obligation.

If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows to net
present value using an appropriate pre-tax discount rate that reflects current market assessments of the time value of money and,
where appropriate, the risks specific to the liability. Unwinding of the discount is recognized in profit or loss as a finance cost.
Provisions are reviewed at each reporting date and are adjusted to reflect the current best estimate.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non¬
occurrence of one or more uncertain future events beyond the control of the Company or a present obligation that is not recognised
because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in
extremely rare cases where there is a liability that cannot be recognised because it cannot be measured reliably. The Company does
not recognize a contingent liability but discloses its existence in the financial statements.

Contingent assets are not recognised but disclosed in the financial statements when an inflow of economic benefits is probable.

1.13. Revenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefit will flow to the Company and the revenue can be
measured reliably.

Sale of goods:

Revenue from sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to
the buyer either at the time of dispatch or delivery or when the risk of loss transfers. Export sales are generally recognized based on
the shipped on board date as per bill of lading, which is when substantial risks and rewards of ownership are passed to the customers.

Revenue from sale of goods is net of taxes and recovery of charges collected from customers like transport, packing etc. are not
treated as part of sales. Sales returns are recognised when appropriate. Revenue is measured at the fair value of consideration
received or receivable and is net of price discounts, allowance for volume rebates and similar items.

Claims/Refunds not ascertainable with reasonable certainty are accounted for on final settlement and are recognized as revenue on
certainty of receipt on prudent basis.

Rendering of services:

Revenue from sale of services are recognized when the services are rendered.

Other Income

Dividend income on investments is recognised when the right to receive the dividend is established.

Interest income is recognized on a time proportionate basis taking into account the amounts invested and the rate of interest on
prudent basis.

1.14. EMPLOYEE BENEFITS

The undiscounted amount of short term employee benefits expected to be paid in exchange for the services rendered by employees
are recognised as an expense during the period when the employees render the services.

(b) Defined contribution plans such as Provident fund & Superannuation fund

Post-employment benefits

Defined contribution Plans

A defined contribution plan is a post-employment benefit plan under which the Company pays specified contributions to a separate
entity. The Company makes specified monthly contributions towards Provident Fund, Superannuation Fund and Pension Scheme. The
Company’s contribution is recognised as an expense in the Statement of Profit and Loss during the period in which the employee
renders the related service.

Defined benefit Plans

The Company pays gratuity to the employees whoever has completed five years of service with the Company at the time of
resignation/superannuation. The gratuity is paid @ 15 days salary for every completed year of service as per the Payment of Gratuity
Act, 1972.

Re-measurements of defined benefit plans in respect of post-employment are charge to Other Comprehensive Income.

Empolyee Separation Costs

Compensation to employees who opt for retirement under the voluntary retirement scheme, if any, of the Company is payable in the
year of exercise of option by the employee. The Company recognises the employee separation cost when the scheme is announced
and the Company is demonstrably committed to it.

1.15. Foreign exchange transactions and translation

The financial statements are presented in Indian rupee (INR), which is Company’s functional and presentation currency.

Transactions in foreign currencies are recognised at the prevailing exchange rates on the transaction dates. Realised gains and losses
on settlement of foreign currency transactions are recognised in the Statement of Profit and Loss.

Exchange differences arising on settlement or translation of monetary items are recognised in Statement of Profit and Loss except to
the extent of exchange differences which are regarded as an adjustment to interest costs on foreign currency borrowings that are
directly attributable to the acquisition or construction of qualifying assets, are capitalized as cost of assets.

Monetary foreign currency assets and liabilities at the year-end are translated at the year-end exchange rates and the resultant
exchange differences are recognised in the Statement of Profit and Loss.

1.16. TAXES ON INCOME

Income tax comprises current and deferred tax. Income tax expense is recognized in the statement of profit and loss except to the
extent it relates to items directly recognized in equity or in other comprehensive income.

• Current Tax

Current tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities,
based on tax rates and laws that are enacted or substantively enacted at the Balance sheet date.

• 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 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 carrying amount of Deferred tax liabilities and assets are reviewed at the end of each reporting period.

1.17. Government Grants

Government grants are recognised when there is reasonable assurance that the grant will be received and all attached conditions will
be complied with.

Government grants related to revenue are recognised on a systematic basis in the statement of profit and loss over the periods
necessary to match them with the related costs which they are intended to compensate. Such grants are deducted in reporting the
related expense. When the grant relates to an asset, it is recognized as income over the expected useful life of the asset.

In case a non-monetary asset is given free of cost, it is recognised at a fair value. When loans or similar assistance are provided by
government or related institutions, with an interest rate below the current applicable market rate, the effect of this favourable interest is
recognized as government grant. The loan or assistance is initially recognized and measured at fair value and the government grant is
measured as the difference between the initial carrying value of the loan and the proceeds received.

1.18. Earning Per Share

The basic earning per share (EPS) is computed by dividing the net profit after tax available to equity share holdong for the year by the
weighted average number of equity shares outstanding during the current year.

The diluted EPS is calculated on the same basis as basic EPS, after adjusting for the effects of potential dilutive equity shares unless
impact is anti-dilutive.

27.4 Expenditure in Foreign Currency

Foreign Travelling expenses is Rs. 688635/- -

27.5 CONTINGENT LIABILITY

(i) The company has preferred appeals before the Commissioner of Income Tax (Appeals), Mumbai against the orders
passed by Deputy Commissioner of Income Tax for the assessment year 2017-18 raising a demand of Rs.5,15,403/- .

(ii) The Company has executed Letter of Undertaking indemnifying the President of India against any liability that may
arise on account of Goods & Service Tax provisions on goods exported by it.

27.6 POST RETIREMENT BENEFIT PLANS
Defined Benefits Plan

(I Gratuity

The Company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. The Company pays
gratuity to the employees whoever has completed five years of service with the Company at the time of
resignation/superannuation. The gratuity is paid @ 15 days salary for every completed year of service as per the
Payment of Gratuity Act, 1972.

The financial instruments are categorized into two levels based on the inputs used to arrive at fair value measurements as
described below:

Level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities; and

Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the assets or liability, either directly
or indirectly.

Liquidity Risk

Liquidity risk is the risk that suitable sources of funding for the company's business activities may not be available. Prudent
liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through
an adequate amount of committed credit facilities to meet obligations when due, so that the company is not forced to obtain
funds at higher rates. The Company monitors rolling forecasts of the Company's cash flow position and ensure that the
Company is able to meet its financial obligation at all times including contingencies.

Credit Risk

Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due causing
financial loss to the company. It arises from cash and cash equivalents, financial instruments and principally from credit
exposures to customers relating to outstanding receivables. The Company deals with highly rated counter parties.

27.12 Dividend

Dividends declared by the Company are based on the profit available for distribution. On May 30 2025, the Board of
Directors of the Company have proposed a final dividend of Rs. 1/- per share in respect of the year ended March 31,
2025 subject to the approval of shareholders at the Annual General Meeting, and if approved, would result in a cash
outflow of approximately Rs. 29.63 Lakhs.

27.13: Additional Regulatory Information

1 The title deeds of all the immovable properties, (other than immovable properties where the Company is the lessee
and the lease agreements are duly executed in favour of the Company) disclosed in the financial statements included
in Property, Plant and Equipment are held in the name of the Company as at the balance sheet date.

2. The company has not revalued its Property, Plant and Equipment during the year.

3. The Company does not have any Capital Work-in-Progress as on the date of the Balance Sheet. The Company also
does not have any intangible asset under development.

4. The company has not made any loans or advances in the nature of loans to any promoters, directors, KMP, and its
related parties.

5. The Company is neither in possession of any benami property, nor any proceeding has been initiated or is pending
against the Company for holding any benami property.

6. The company has not been sanctioned limits against hypothecation of its current assets during the year.

7. The Company has not been declared as a wilful defaulter by any bank or financials institution or lender during the year.

8. As per the information available with the Company, it does not have any transactions with companies which are struck
off under section 248 or Section 560 of the Companies Act, 2013.

9. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory
period.

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

11. 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.

12. 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 Company 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) provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

13. Having regard to the expert opinion obtained by the management, the provisions of Section 135 "Corporate Social
Responsibility" are not applicable on the Company.

14. The Company does not have any such transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

15. The company does not have any borrowed funds or share premium.

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

17. The Company has not recognised any prior period items in its audited annual accounts. In terms of its policy generally

followed over the years, the liability is recognised in the year of its crystalisation.

18. The company has reclassified/regrouped/rearranged the previous year figures in accordance with requirement for the
current period.

In terms of our report of even date. For & on behalf of Board of Directors

For JD Pawar & Associates Rajesh Agrawal

Chartered Accountants Chairman & Managing Director

(FRN : 141721W)

Jasvant D. Pawar ^{Hitesh Kothari Pooja Ponda}

Chief Financial Officer Company Secretary

M. No.168998 ^{ACS 66677}

Place : Mumbai Place : Mumbai

Date : May 30, 2025 Date : May 30, 2025