2.10 Provisions, contingent liabilities, Contingent assets

Provisions are recognized when there is a present obligation 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 there is a reliable estimate of the
amount of the obligation. Provisions are measured at the best estimate of the expenditure required to settle the present

obligation at the Balance sheet date.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects,
when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the
passage of time is recognized as a finance cost.

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

Reimbursement by another party, expected in respect of expenditure required to settle a provision, is recognised when
it is virtually certain that reimbursement will be received if the obligation is settled.

Contingent assets are neither recognised nor disclosed.

Provisions, contingent liabilities, contingent assets are reviewed at each balance sheet date.

2.11 Employee Benefits

(a) Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12
months after the end of the year in which the employees render the related service are recognized in respect of
employees’ services up to the end of the year and are measured at the amounts expected to be paid when the liabilities
are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

(b) Other long-term employee benefit obligations

(i) Defined contribution plan

Provident Fund: Contribution towards provident fund is made to the regulatory authorities, where the Company has no
further obligations. Such benefits are classified as Defined Contribution Schemes as the Company does not carry any
further obligations, apart from the contributions made on a monthly basis which are charged to the Statement of Profit
and Loss.

Employee's State Insurance Scheme: Contribution towards employees' state insurance scheme is made to the regulatory
authorities, where the Company has no further obligations. Such benefits are classified as Defined Contribution Schemes
as the Company does not carry any further obligations, apart from the contributions made on a monthly basis which are
charged to the Statement of Profit and Loss.

Superannuation: Contributions to the superannuation fund, which is administered by Life Insurance Corporation of India,
are charged to the Statement of Profit and Loss.

(ii) Defined benefit plans

Gratuity: The Company provides for gratuity, a defined benefit plan (the "Gratuity Plan") covering eligible employees in
accordance with the Payment of Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested
employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective
employee's salary. The Company's liability is actuarially determined (using the Projected Unit Credit method) at the end
of each year. Actuarial losses/gains are recognized in the other comprehensive income in the year in which they arise.

Defined benefit scheme surpluses and deficits are measured at:

(i) The fair value of plan assets at the reporting date; less

(ii) Plan liabilities calculated using the projected unit credit method discounted to its present value using yields
available on government bonds that have maturity dates approximating to the terms of the liabilities and are
denominated in the same currency as the postemployment benefit obligations;

Service costs are recognised in profit or loss, and include current and past service costs as well as gains and losses on
curtailments.

Net interest expense (income) is recognised in profit or loss, and is calculated by applying the discount rate used to
measure the defined benefit obligation (asset) at the beginning of the annual period to the balance of the net defined
benefit obligation (asset), considering the effects of contributions and benefit payments during the period.

Actuarial losses/gains are recognized in the other comprehensive income in the year in which they arise.

(iii) Other long term employee benefit obligations

Compensated Absences:

The employees of the company are entitled to encashment of un-availed leave. The employees can carry forward a
portion of the unutilised leave and receive cash compensation at retirement or termination of employment. The
Company records an obligation for encashment of un-availed leave in the period in which the employee renders the
services, based on an actuarial valuation at the balance sheet date, carried out by an independent actuary.

2.12 Borrowing Costs

Borrowing costs that are attributable to the acquisition, construction or Production of a Qualifying asset are capitalised
as part of cost of such Asset till such time as the asset is ready for its intended use or sale.

A Qualifying Asset is an Asset that necessarily requires a substantial period of time to get ready for its intended use or
sale.

All other borrowing costs are recognised as an expense in the period in which they are incurred.

2.13 Segment accounting

The Company operates in one primary segment i.e. Ophthalmics lenses. The Company Identifies primary operating
segment based on the different risks and returns, the organisation structure, the internal reporting systems and review
by chief operating decision maker. Secondary segments are Identified on the basis of geography in which sales have been
effected.

2.14 Fair value measurement

The Company measures certain financial instruments at fair value at each balance sheet date.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. The fair value measurement is based on the presumption that
the transaction to sell the asset or transfer the liability takes place either:

? In the principal market for the asset or liability, or

? In the absence of a principal market, in the most advantageous market for the asset or liability accessible to the
Company.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are
available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of
unobservable inputs. The Company's management determines the policies and procedures for fair value measurement
such as derivative instrument.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within
the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value
measurement as a whole:

? Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities

? Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is
directly or indirectly observable

? Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable

2.15 Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity
instrument of another entity.

(a) Financial assets

(i) Initial recognition and measurement

At initial recognition, financial asset is measured at its fair value plus, in the case of a financial asset not recorded at
fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset.
Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss.

(ii) Subsequent measurement

For purposes of subsequent measurement, financial assets are classified in following categories:

a) at amortized cost; or

b) at fair value through other comprehensive income; or

c) at fair value through profit or loss.

The classification depends on the entity’s business model for managing the financial assets and the contractual terms of
the cash flows.

Amortized cost: Assets that are held for collection of contractual cash flows where those cash flows represent solely
payments of principal and interest are measured at amortized cost. Interest income from these financial assets is
included in finance income using the effective interest rate method (EIR).

Fair value through other comprehensive income (FVOCI): Assets that are held for collection of contractual cash flows and
for selling the financial assets, where the assets' cash flows represent solely payments of principal and interest, are
measured at fair value through other comprehensive income (FVOCI). Movements in the carrying amount are taken
through OCI, except for the recognition of impairment gains or losses, interest revenue and foreign exchange gains and
losses which are recognized in Statement of Profit and Loss. When the financial asset is derecognized, the cumulative
gain or loss previously recognized in OCI is reclassified from equity to Statement of Profit and Loss and recognized in
other gains/ (losses). Interest income from these financial assets is included in other income using the effective interest
rate method.

Fair value through profit or loss (FVTPL): Assets that do not meet the criteria for amortized cost or FVOCI are measured
at fair value through profit or loss. Interest income from these financial assets is included in other income.

Equity instruments: All equity investments in scope of Ind AS 109 are measured at fair value. Equity instruments which
are held for trading and contingent consideration recognised by an acquirer in a business combination to which Ind AS103
applies are classified as at FVTPL. For all other equity instruments, the Company may make an irrevocable election to
present in other comprehensive income subsequent changes in the fair value. The Company makes such election on an
instrument- by-instrument basis. The classification is made on initial recognition and is irrevocable.

If the Company decides to classify an equity instrument as at FVTOCI, then all fair value changes on the instrument,
excluding dividends, are recognized in the OCI. There is no recycling of the amounts from OCI to P&L, even on sale of
investment. However, the Company may transfer the cumulative gain or loss within equity.

Equity instruments included within the FVTPL category are measured at fair value with all changes recognized in the
profit and loss.

(iii) Impairment of financial assets

In accordance with Ind AS 109, Financial Instruments, the Company applies expected credit loss (ECL) model for
measurement and recognition of impairment loss on financial assets that are measured at amortized cost and FVOCI.

For recognition of impairment loss on financial assets and risk exposure, the Company determines that whether there has
been a significant increase in the credit risk since initial recognition. If credit risk has not increased significantly, 8-
quarters ECL is used to provide for impairment loss. However, if credit risk has increased significantly, lifetime ECL is
used. If in subsequent years, credit quality of the instrument improves such that there is no longer a significant increase
in credit risk since initial recognition, then the entity reverts to recognizing impairment loss allowance based on 8
quarters ECL.

Life time ECLs are the expected credit losses resulting from all possible default events over the expected life of a
financial instrument. The 16 quarters ECL is a portion of the lifetime ECL which results from default events that are
possible within 16 quarters after the year end.

ECL is the difference between all contractual cash flows that are due to the Company in accordance with the contract
and all the cash flows that the entity expects to receive (i.e. all shortfalls), discounted at the original EIR. When
estimating the cash flows, an entity is required to consider all contractual terms of the financial instrument (including
prepayment, extension etc.) over the expected life of the financial instrument. However, in rare cases when the
expected life of the financial instrument cannot be estimated reliably, then the entity is required to use the remaining
contractual term of the financial instrument.

In general, it is presumed that credit risk has significantly increased since initial recognition if the payment is more than
30 days past due.

ECL impairment loss allowance (or reversal) recognized during the year is recognized as income/expense in the
statement of profit and loss. In balance sheet ECL for financial assets measured at amortized cost is presented as an
allowance, i.e. as an integral part of the measurement of those assets in the balance sheet. The allowance reduces the
net carrying amount. Until the asset meets write off criteria, the Company does not reduce impairment allowance from
the gross carrying amount.

(iv) Derecognition of financial assets

A financial asset is derecognized only when

a) the rights to receive cash flows from the financial asset is transferred or

b) retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to
pay the cash flows to one or more recipients.

Where the financial asset is transferred then in that case financial asset is derecognized only if substantially all risks and
rewards of ownership of the financial asset is transferred. Where the entity has not transferred substantially all risks and
rewards of ownership of the financial asset, the financial asset is not derecognized.

(b) Financial liabilities

(i) Initial recognition and measurement

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss and at
amortized cost, as appropriate.

All financial liabilities are recognized initially at fair value and, in the case of Loans and borrowings and payables, net of
directly attributable transaction costs.

(ii) Subsequent measurement

The measurement of financial liabilities depends on their classification, as described below:

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities
designated upon initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for
trading if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative
financial instruments entered into by the Company that are not designated as hedging instruments in hedge relationships
as defined by Ind AS 109. Separated embedded derivatives are also classified as held for trading unless they are
designated as effective hedging instruments. Gains or losses on liabilities held for trading are recognized in the
Statement of Profit and Loss.

Financial liabilities designated upon initial recognition at fair value through profit and loss are designated at the initial
date of recognition, and only if the criteria in Ind AS 109 are satisfied.

Loans and borrowings

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the
Effective Interest Rate (EIR) method. Gains and losses are recognized in Statement of Profit and Loss when the liabilities
are derecognized as well as through the EIR amortization process. Amortized cost is calculated by taking into account
any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is
included as finance costs in the Statement of Profit and Loss.

(c) Derecognition

A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an
existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of
an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the
original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in
the Statement of Profit and Loss as finance costs.

(d) Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet if there is a legally
enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset
and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must
be enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or
the counterparty.

Critical accounting judgments, estimates and assumptions

In the preparation of the financial statements, the Company makes judgements, estimates and assumptions about the carrying
amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are
based on historical experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised
prospectively. Information about assumptions, judgements and estimation uncertainties that have a significant risk of resulting in
a material adjustment in the year ending March 31, 2025 are as below :

(a) Taxes

Deferred tax assets are recognized for unused tax losses to the extent that it is probable that taxable profit will be
available against which the losses can be utilized. Significant management judgment is required to determine the
amount of deferred tax assets that can be recognized, based upon the likely timing and the level of future taxable
profits together with future tax planning strategies.

(b) Useful lives of property, plant and equipment and intangible assets

As described in the significant accounting policies, the Company reviews the estimated useful lives of property, plant
and equipment and intangible assets at the end of each reporting period. Useful lives of intangible assets is determined
on the basis of estimated benefits to be derived from use of such intangible assets. These reassessments may result in

change in the depreciation /amortisation expense in future periods.

(c) Actuarial Valuation

The determination of Company’s liability towards defined benefit obligation to employees is made through independent
actuarial valuation including determination of amounts to be recognised in the Statement of Profit and Loss and in Other
Comprehensive Income. Such valuation depend upon assumptions determined after taking into account discount rate,
salary growth rate, expected rate of return, mortality and attrition rate. Information about such valuation is provided in
notes to the financial statements.

4.1 Changes in accounting policies and disclosures

The Ministry of Corporate Affairs vide notification dated 9 September 2024 and 28 September 2024 notified the Companies (Indian
Accounting Standards) Second Amendment Rules, 2024 and Companies (Indian Accounting Standards) Third Amendment Rules,
2024, respectively, which amended/notified certain accounting standards (see below), and are effective for annual reporting
periods beginning on or after 1 April 2024:

• Insurance contracts - Ind AS 117; and

• Lease Liability in Sale and Leaseback - Amendments to Ind AS 116

• These amendments did not have any impact on the amounts recognised in current or prior period.

4.2 New standards and amendments issued but not effective:

There are no such Standards which are notified but not yet effective.

# Based on the Supreme Court Judgement dated February 28, 2019, the Company was required to reassess the components
to be included in the basic salary for the purposes of deduction of PF. However, the Company believes that there is not likely
to be material impact and hence has not provided for any additional liability as on March 31, 2025 (previous year March 31,
2024 - Rs. Nil) in the books of account.

* 'The Code on Social Security 2020 ('the Code') relating to employee benefits, during the employment and post¬
employment, has received Presidential assent on September 28, 2020. The Code has been published in the Gazette of India.
Further, the Ministry of Labour and Employment has released draft rules for the Code on November 13, 2020. However, the
effective date from which the changes are applicable is yet to be notified and rules for quantifying the financial impact are
also not yet issued.

The Company will assessthe impact of the Code and will give appropriate impact in the financial statements in the period in
which, the Code becomes effective and the related rules to determine the financial impact are published.

Net deferred tax asset / (liabilities) (net) - -

In absence of reasonable certainty of taxable income in future years, during the year ended March 31, 2025 and in previous
year, the Company has created deferred tax asset on unabsorbed depreciation and other items to the extent of deferred tax
Liability.

Deferred tax assets of Rs. 567.63 lakhs (March 31, 2024: Rs. 446.97 lakh) have not been recognized in respect of unabsorbed
depreciation losses in the absence of reasonable certainty of generating adequate taxable profits to offset these losses.

Following is the year wise break of unabosorbed depreciation (UD) and taxable brought forward losses (BFL) on which deferred
tax assets was not recognised as at March 31, 2025

A. Accounting classification and fair values

The following table shows the carrying amounts and fair values of financial assets and financial liabilities, including their levels
in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at
fair value if the carrying amount is a reasonable approximation of fair value.

B. Measurement of fair value

The fair values of the financial assets and liabilities are included at the amount at which the instrument could be exchanged in a
current transaction between willing parties, other than in a forced or liquidation sale.

The following methods and assumptions were used to estimate the fair values:

1. The fair value of other current financial assets, cash and cash equivalents, bank balances other than cash and cash
equivalents, loans and advances, trade payables, short-term borrowings and other financial liabilities approximate the
carrying amounts largely due to short-term maturities of these instruments.

2. The fair value of non-current financial assets comprising of security deposits and non-current term deposits at amortised
cost using Effective Interest Rate (EIR) are not significantly different from the carrying amount.

Fair value hierarchy

The following is the hierarchy for determining and disclosing the fair value of financial instruments by valuation
technique:

• Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

• Level 2 - Inputs other than quoted prices 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).

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

43 Financial risk management objectives and policies

The Company is exposed to various financial risks. These risks are categorized into market risk, credit risk and liquidity risk. The
Company's risk management is coordinated by the Board of Directors and focuses on securing long term and short term cash
flows. The Company does not engage in trading of financial assets for speculative purposes.

(A) 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 of three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk
and commodity risk. Financial instruments affected by market risk include borrowings and derivative financial
instruments.

(i) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in
market interest rates. The Company does not have exposure to the risk of changes in market interest rates as the Company's
long-term debt obligations are with fixed interest rates.

(ii) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes
in foreign exchange rates. The Company's exposure to the risk of changes in foreign exchange rates relates primarily to the
Company's operating activities (when revenue or expense is denominated in a different currency from the Company's functional
currency). The risk is measured through monitoring the net exposure to various foreign currencies and the same is minimized to
the extent possible.

Foreign currency sensitivity

The following table demonstrates the sensitivity to a reasonably possible change in the foreign currency rate , with all other
variables held constant, of the Company's profit before tax (due to changes in the fair value of monetary assets and
liabilities).

(B) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its
contractual obligations. Credit risk arises principally from the Company's receivables from deposits with landlords and other
statutory deposits with regulatory agencies and also arises from cash held with banks and financial institutions. The maximum
exposure to credit risk is equal to the carrying value of the financial assets. The objective of managing counterparty credit risk is
to prevent losses in financial assets. The Company assesses the credit quality of the counterparties, taking into account their
financial position, past experience and other factors.

Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness of
customers to which the Company grants credit terms in the normal course of business. The Company establishes an allowance
for doubtful debts and impairment that represents its estimate of credit losses in respect of trade and other receivables.

However, the credit risk arising on cash and cash equivalents is limited as the Company invest in deposits with banks and
financial institution with credit ratings and strong repayment capacity. Investment in securities primarily include investment in
liquid mutual funds units and equity shares.

Trade receivables

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. The
demographics of the customer, including the default risk of the industry and country in which the customer operates, also has
an influence on credit risk assessment. Credit risk is managed through credit approvals, establishing credit limits and
continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of
business.

Expected credit loss assessment

The Company allocates each exposure to a credit risk grade based on a variety of data that is determined to be predictive of the
risk of loss (e.g. timeliness of payments, available press information etc.) and applying experienced credit judgement.

Exposures to customers outstanding at the end of each reporting period are reviewed by the Company to determine incurred
and expected credit losses. Historical trends of impairment of trade receivables do not reflect any significant credit losses. Given
that the macroeconomic indicators affecting customers of the Company have not undergone any substantial change, the
Company expects the historical trend of minimal credit losses to continue.

45 "Wilful Defaulter"

The company has not been declared a wilful defaulter by any bank or financial Institution or other lender.

46 Relationship with Struck off Companies under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956,

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

47 "Registration of charges or satisfaction with Registrar of Companies

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

48 Compliance with number of layers of companies

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.

49 Utilisation of Borrowed funds and share premium:

(i) 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"

(ii) 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,"

50 Details of Benami Property held

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

51 Undisclosed income

The Company does not have any undisclosed income which is not recorded in the books of account that has been surrendered or
disclosed as income during the year (previous 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).

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

55 Capital management

For the purpose of the Company's capital management, capital includes issued equity capital, share premium and all other
equity reserves attributable to the equity holders. The primary objective of the Company's capital management is to maximize
the shareholder value and to ensure the Company's ability to continue as a going concern.

The Company has not distributed any dividend to its shareholders. The Company monitors gearing ratio i.e. total debt in
proportion to its overall financing structure, i.e. equity and debt. Total debt comprises of current borrowing. The Company
manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk
characteristics of the underlying assets.

Other commitments:

The Company has taken a license of 100% EoU from Development Commissioner SEEPZ SEZ for unit II. As per the Letter of
Permission dated 27th April 2021, the Company is required to achieve Net Foreign Exchange Earnings (NFE) obligation of Rs.
1,048 Lakhs during the period April 1, 2020 to March 31, 2025 . The benefit is import without BCD which is approximately
12.5% and Rs. 20 Lakhs per month. The Company has achieved Net Foreign Exchange Earnings (NFE) of INR 704.86 Lakhs for
the period April 01, 2020 to March 31, 2025.

The company has extended its EOU license upto 31st March 2026 and the company is commited to achieve the balance NFE of
INR 343.14 Lakhs during the financial year 2025-26

58 The products manufactured by the company do not have a warranty period, hence provision for warranty as specified in Indian
Accounting Standard (Ind AS) 37 on "Provisions, Contingent Liabilities and Contingent Assets" is not required to be
made.

59 During the year the Company has not capitalised any borrowing costs as per Ind AS 23 - "Borrowing costs".

60 As at March 31, 2025, the company did not have any outstanding long term derivative contracts (previous year : Nil)

61 For the year ended March 31, 2025 the company is not required to transfer any amount (previous year : Nil) to the Investor
Education & Protection Fund.

62 There were no Whistleblower complaints received during the year ended March 31, 2025 and March 31, 2024.

63 "The Company has used an accounting software for maintaining its books of account which has a feature of recording audit trail
(edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the accounting
software. Also, there were no instance of audit trail feature being tampered with in respect of such accounting software.
Additionally, the audit trail of prior year has been preserved by the Company as per the statutory requirements for record
retention to the extent it was enabled and recorded in the previous years.

Further, the Company has used two other accounting softwares for maintaining its books of account for processing of payroll
transactions and inventory records during the year ended March 31, 2025 which did not have a feature of recording audit trail
(edit log) facility.

64 No significant subsequent events have been observed which may require adjustments to the Standalone Financial Statements
for the year ended March 31, 2025.

65 Previous year figures have been regrouped/ reclassified to confirm to the presentation as per Ind AS as required by Schedule III
of the Act.

As per our report of even date

For M S K A & Associates For and on behalf of the Board of Directors

Chartered Accountants GKB Ophthalmics Limited

Firm Registration No.:105047W CIN : L26109GA1981PLC000469

Nitin Jumani K. G. Gupta Cedric Lobo

Partner Managing Director Director

Membership No: 111700 DIN : 00051863 DIN : 09124746

Gurudas Sawant Pooja Bicholkar

Chief Financial Officer Company Secretary

ICSI Membership No: 54716

Place : Pune Place : Mapusa, Goa Place : Mapusa, Goa

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