3.13. Provisions and contingent liability

Provisions are recognized when the Company has a present
obligation as a result of a past event that it is probable will
result in an outflow of economic benefits that can be
reasonably estimated.

The amount recognized as a provision is the best estimate of
the consideration required to settle the present obligation at
the end of the reporting period, taking into account the risks
and uncertainties surrounding the obligation. When a provision
is measured using the cash flows estimated to settle the
present obligation, its carrying amount is the present value of
those cash flows (when the effect of the time value of money is
material).

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.

Provisions, contingent liabilities are reviewed at each Balance
Sheet date.

3.14. Investment in subsidiaries

A subsidiary is an entity that is controlled by another entity.
Investment in its subsidiary are carried at cost less impairment,
if any.

The Company reviews its carrying value of investments carried
at cost annually, or more frequently when there is indication for
impairment. If the recoverable amount is less than its carrying
amount, the impairment loss is recorded in the Statement of
Profit and Loss.

When an impairment loss subsequently reverses, the carrying
amount of the Investment is increased to the revised estimate
of its recoverable amount, so that the increased carrying
amount does not exceed the cost of the Investment. A reversal
of an impairment loss is recognised immediately in Statement
of Profit or Loss.

3.15. Financial instruments

Financial instruments are recognised when the Company
becomes a party to the contract that gives rise to financial
assets and financial liabilities. All financial assets and liabilities
are recognized at fair value on initial recognition, except for
trade receivables which are initially measured at transaction
price. Transaction costs that are directly attributable to the
acquisition or issue of financial assets and financial liabilities,
which are not at fair value through profit or loss, are added to
the fair value on initial recognition. Purchases or sales of
financial assets that require delivery of assets within a time
frame established by regulation or convention in the
marketplace (regular way trades) are recognised on the trade
date, i.e., the date that the Company commits to purchase or
sell the asset.

Subsequent measurement
Financial Assets

Financial assets at amortised cost

A 'financial asset' is measured at the amortised cost if both the
following conditions are met:

a) The asset is held within a business model whose objective is
to hold assets for collecting contractual cash flows, and

b) Contractual terms of the asset give rise on specified dates
to cash flows that are solely payments of principal and
interest (SPPI) on the principal amount outstanding.

This category is the most relevant to the Company. After initial
measurement, such financial assets are subsequently
measured at amortised cost using the effective interest rate
(EIR) method. Amortised 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 amortisation is
included in finance income in the profit or loss. The losses
arising from impairment are recognised in the profit or loss. The
Company's financial assets at amortised cost includes loans,
trade receivables, cash and cash equivalents, bank balance
other than cash and cash equivalent and security deposits
included under other financial assets.

Financial assets at fair value through OCI (FVTOCI)

A financial asset is subsequently measured at fair value through
other comprehensive income if it is held within a business
model whose objective is achieved by both collecting
contractual cash flows and selling financial assets and the
contractual terms of the financial asset give rise on specified
dates to cash flows that are solely payments of principal and
interest on the principal amount outstanding.

Financial assets at fair value through profit or loss

Financial assets at fair value through profit or loss are carried in
the balance sheet at fair value with net changes in fair value
recognised in the statement of profit and loss.

Impairment of financial assets

For trade receivables, the Company applies a simplified
approach in calculating ECLs. Therefore, the Company does not
track changes in credit risk, but instead recognises a loss
allowance based on lifetime ECLs at each reporting date.

The Company recognises an allowance for expected credit
losses (ECLs) for all debt instruments not held at fair value
through profit or loss. ECLs are based on the difference
between the contractual cash flows due in accordance with the
contract and all the cash flows that the Company expects to
receive, discounted at an approximation of the original
effective interest rate. The expected cash flows will include
cash flows from the sale of collateral held or other credit
enhancements that are integral to the contractual terms.

The amount of ECLs (or reversal) that is required to adjust the

loss allowance at the reporting date to the amount that is
required to be recorded is recognized as an impairment loss or
gain in statement of profit and loss..

Financial liabilities

Financial liabilities at amortised cost

This is the category most relevant to the Company. After initial
recognition, such financial liabilities are subsequently measured
at amortised cost using the EIR method. Gains and losses are
recognised in profit or loss when the liabilities are derecognised
as well as through the EIR amortisation process. The
Company's financial liabilities at amortised cost includes lease
liabilities, trade payables and employee payables included
under other financial liabilities.

Derecognition of financial instruments

The Company derecognizes a financial asset when the
contractual rights to the cash flows from the financial asset
expire or it transfers the financial asset and the transfer
qualifies for derecognition under Ind AS 109. A financial liability
is derecognised 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 recognised in the statement of profit and
loss.

3.16. Cash flow statement

Cash flows are reported using the indirect method, whereby
profit / (loss) before extraordinary items and tax is adjusted for
the effects of transactions of non-cash nature and any
deferrals or accruals of past or future cash receipts or
payments. The cash flows from operating, investing and
financing activities of the Company are segregated based on
the available information.

Cash for the purpose of cash flow statement comprises cash on
hand and demand deposits with banks. Cash equivalents are
short term (with an original maturity of three months or less
from the date of acquisition), highly liquid investments that are
readily convertible into known amounts of cash and which are
subject to insignificant risk of changes in value.

3.17. Dividend

The Company recognises a liability to make cash distributions
to equity holders of the Company when the distribution is
authorised, and the distribution is no longer at the discretion of

the Company. Final dividends on shares are recorded as a
liability on the date of approval by the shareholders and interim
dividends are recorded as a liability on the date of declaration
by the Company's Board of Directors.

3.18. Segment reporting

Operating segments are components of the Company whose
operating results are regularly reviewed by the Chief Operating
Decision Maker (CODM) to make decisions about resources to
be allocated to the segment and assess its performance and for
which discrete financial information is available.

Manufacturing and selling of foundry machinery and machinery
parts is identified as single operating segment for the purpose
of making decision on allocation of resources and assessing its
performance (refer note 40).

3.19. Earnings per share

Basic earnings per share is computed by dividing the profit /
(loss) after tax by the weighted average number of equity
shares outstanding during the year. Diluted earnings per share
is computed by dividing the profit /(loss ) after tax as adjusted
for dividend, interest and other charges to expense or income
relating to the dilutive potential equity shares, by the weighted
average number of equity shares which could have been issued
on the conversion of all dilutive potential equity shares.
Potential equity shares are deemed to be dilutive only if their
conversion to equity shares would decrease the net
profit/(loss) per share.

3.20. Events after the reporting period

If the Company receives information after the reporting period,
but prior to the date of approved for issue, about conditions
that existed at the end of the reporting period, it will assess
whether the information affects the amounts that it
recognises in its standalone financial statements. The Company
will adjust the amounts recognised in its standalone financial
statements to reflect any adjusting events after the reporting
period and update the disclosures that relate to those
conditions in light of the new information. For non-adjusting
events after the reporting period, the Company will not change
the amounts recognised in its standalone financial statements
but will disclose the nature of the non-adjusting event and an
estimate of its financial effect, or a statement that such an

estimate cannot be made, if applicable.

3.21. Changes in accounting policies and disclosures
New and amended standards.

Ministry of Corporate Affairs (“MCA") notifies new standards or
amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to
time. For the year ended March 31, 2025, MCA has notified Ind
AS - 117 Insurance Contracts and amendments to Ind AS 116 -
Leases, relating to sale and leaseback transactions, applicable
to the Company w.e.f. 01 April 2024. The Company has
reviewed the new pronouncements and based on its evaluation
has determined that it does not have any significant impact in
its standalone financial statements.

3.22. Climate-related matters

The Company considers climate-related matters in estimates
and assumptions, where appropriate. This assessment includes
a wide range of possible impacts on the Company due to both
physical and transition risks. Even though the Company
believes its business model and products will still be viable after
the transition to a low-carbon economy, climate-related
matters increase the uncertainty in estimates and assumptions
underpinning several items in the financial statements. Even
though climate-related risks might not currently have a
significant impact on measurement, the Company is closely
monitoring relevant changes and developments, such as new
climate-related legislation. The items and considerations that
are most directly impacted by climate-related matters are:

• Useful life of property, plant and equipment. When reviewing
the residual values and expected useful lives of assets, the
Company considers climate-related matters, such as climate-
related legislation and regulations that may restrict the use of
assets or require significant capital expenditures.

• Impairment of non-financial assets. The value-in-use may be
impacted in several different ways by transition risk in particular,
such as climate-related legislation and regulations and changes
in demand for the Company's products.

3.23. Standards notified but not yet effective.

There are no standards that are notified and not yet effective
as on the date.

Fair value of the company's investment property :

The Company's investment property consists of three office spaces located at Pune, Kolkata and New Delhi, a freehold land and a factory
building located in Hosakote Industrial area, Karnataka. The Management has determined that the investments property consists of two
classes of asset, “Freehold Land" and “Building (which includes three office spaces and a factory building)" based on nature, characteristics
and risks of each property.

As at March 31, 2025, the fair values of three office spaces are Rs. 60.8 Million (March 31, 2024 : Rs.56.2 Million), a factory building Rs. 56.4
Million and a freehold land Rs. 260.0 Million. Fair valuation of Investment Properties as at March 31, 2025 has been arrived at on the basis of
valuation carried out by an independent valuers not related to the Company. The valuers are registered with the authority which governs the
valuers in India, and in the opinion of the Management, valuer has appropriate qualifications and relevant experience in valuation of
properties.

Fair value hierarchy disclosures for investment properties have been provided in note 38.

The Company has no restrictions on the realisability of its investment properties and no contractual obligations to purchase, construct or
develop investment properties or for repairs, maintenance and enhancements.

The aforesaid freehold land and factory building is currently vacant. The Company is not using this vacant freehold land and factory building
for its own use. The Company has held the Freehold Land and Building for undetermined future use, hence, the property is treated as
Investment Properties.

iv) Details of rights, preferences and restrictions in respect of equity shares :

The Company has one class of Shares referred to as Equity Shares with par value of Rs 10/- per share. Each holder of equity shares
is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive
remaining assets of the company. The distribution will be in proportion to the number of equity shares held by the share holders.

The Equity shareholders are entitled to receive dividend proposed (if any) by the Board of Directors which is subject to the
approval of the shareholders in the Annual General meeting, except in case of Interim Dividend, where the dividend is declared by
the Board of Directors.

v) The Company has neither issued any bonus shares nor bought back any shares during the period of five years immediately
preceding the reporting date.

18b NATURE AND PURPOSE OF RESERVES
Retained earnings

Retained earnings are the profits/(loss) that the Company has earned/incurred till date, less any transfers to general reserve, dividends
or other distributions paid to shareholders. Retained earnings include re-measurement loss / (gain) on defined benefit plans, net of
taxes that will not be reclassified to Statement of Profit and Loss.

Capital Redemption Reserve

During the year ended March 31, 2017, the Company had concluded the buyback of 56,000 fully paid equity shares as approved by the
board of directors on August 12, 2016 at a price of Rs. 4,800/- per share amounting to Rs. 268.8 Million. Further Capital Redemption
reserve of Rs 0.6 Million has been created as an apportionment from retained earnings. Consequent to the buyback, share capital has
reduced by Rs. 0.6 Million
Capital reserve

Any profit or loss on purchase, sale, issue or cancellation of the Company's own equity instruments is transferred to capital reserve.

(a) Trade receivables are non-interest bearing and are generally on terms of 30 to 60 days. During the year ended, March 31, 2025, Rs 0.6
Million (March 31, 2024: Rs 8.1 million) was recognised as provision for expected credit losses on trade receivables.

(b) Contract assets relates to revenue earned from Supervision services for erection and commissioning. As such, the balances of this
account vary and depend on the number of ongoing contracts at the end of the year.

The transaction price allocated to the remaining performance obligations (unsatisfied or partially unsatisfied) for contract assets is
expected to be recognised within one year

( c) Advances from customers include short-term advances received to deliver machinery equipment's, and loyalty points not yet
redeemed.

The amount of revenue recognised in the current year of Rs 822.1 Million (March 31, 2024: Rs 705.4 Million) that was included in the
opening advance from customer balance towards unsatisfied performance obligation.

(vi) Performance obligation

Information about the Company's performance obligations are summarised below:

Sale of manufactured machinery

The performance obligation is satisfied upon dispatch of the machines or sub-machines (part of larger machineries) and payment
is generally collected in advance.

In some contracts, supervision services for erection and commissioning are agreed to be provided to customers as a part of sale of
manufactured machinery. The supervision services are accounted for as a separate performance obligation and a portion of the
transaction price is allocated. The performance obligation for the supervision services is satisfied over one-year based on time
elapsed.

Sale of traded and manufactured parts of machinery

The performance obligation is satisfied upon delivery of the spare parts and payment is generally due within 30 to 60 days from
delivery.

Customers are entitled to loyalty discounts which results in allocation of a portion of the transaction price to the loyalty discounts.
Revenue is recognised when the loyalty discount is redeemed.

In addition, the Company updates its estimates of the loyalty discount that will be redeemed on a quarterly basis and any
adjustments to the contract liability balance are charged against revenue.

Exceptional items of Rs 12.6 million for the year ended March 31, 2025 (Rs. 25.5 million for the year ended March 31, 2024) represents
provision made towards an Arbitration Award (“Award") issued against the Company for alleged unsatisfactory performance of an
equipment supplied to a customer in prior periods. During the year ended March 31, 2025, the Company had filed a writ petition in the
Honourable High Court of Karnataka, challenging the aforesaid Award. The Honourable High Court of Karnataka has passed an Order
on February 6, 2025, and pursuant to the said Order of the Honourable High Court of Karnataka, the Company has remitted a sum of Rs.
9.9 million to the customer and has taken back the equipment from the customer. Additionally, the Company has deposited Rs. 17.0
million with the Honourable High Court of Karnataka, representing 75% of the interest on the claim for equipment and on claims related
to installation and commissioning. The Company is currently awaiting date for further hearing from the Honourable High Court of
Karnataka.

34 EMPLOYEE BENEFIT OBLIGATIONS

As per Ind AS 19 “Employee Benefits", the disclosures of Employee benefits as defined in the Accounting Standard are given below:

The Company has one post-employment funded plans, namely Gratuity.

The gratuity plan is governed by the Payment of Gratuity Act, 1972 (Act). Under the Act, an employee who has completed five years of
service is entitled to specific benefit. The level of benefits provided depends on the member's length of service and salary at retirement
age. Gratuity being administered by a Trust is computed as 15 days salary, for every completed year of service or part thereof in excess of
6 months and is payable on retirement/termination/resignation. The Gratuity plan for the Company is a defined benefit scheme where
annual contributions as demanded by the insurer are deposited to a Gratuity Fund established to provide gratuity benefits. The Fund
has taken a Scheme of Insurance, whereby these contributions are transferred to the insurer. The Company makes provision of such
gratuity asset/liability in the books of accounts on the basis of actuarial valuation as per the projected unit credit method.

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely
that the change in assumption would occur in isolation of one another as some of the assumptions may be correlated. Furthermore, in
presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using the projected
unit credit method at the end of the reporting period, which is the same as that applied in calculating the defined benefit obligation
liability recognized in the balance sheet.

There was no change in the methods and assumptions used in preparing the sensitivity analysis from prior years.

VII. Asset Liability Matching Strategies

The Company has purchased insurance policy, which is basically a year-on year cash accumulation plan in which the interest rate is
declared on yearly basis and is guaranteed for a period of one year. The Insurance Company, as part of the policy rules, makes all of the
gratuity payments happening during the year (subject to sufficiency of funds under the policy). The policy thus mitigates the liquidity
risk. However, being a cash accumulation plan, the duration of assets is shorter compared to the duration of liabilities. Thus, the
Company is exposed to movement in interest rate (in particular, the significant fall in interest rates, which should result in a increase in
liability without corresponding increase in the asset).

VIII. Effect of Plan on Entity's Future Cash Flows

(i) Funding arrangements and Funding Policy

The Company has purchased an insurance policy to provide for payment of gratuity to the employees. Every year, the insurance
company carries out a funding valuation based on the latest employee data provided by the Company. Any deficit in the assets
arising as a result of such valuation is funded by the Company.

(ii) Expected contribution during the next annual reporting period.

The Company's best estimate of Contribution during the next year is Rs. 17.1 Million (March 31, 2024 9.1 Million)

(i) The Company is contesting the tax litigations in respect of income tax matters for the years FY 2011-12 and FY 2012-13 for
disallowances made by the tax authorities. The Management, including its tax advisors, believes that it's position will likely to be
upheld at the various forums where the matters are pending. The Company has reviewed all its pending litigations and proceedings
and has adequately provided for where provisions are required and disclosed as contingent liabilities where applicable, in its
standalone financial statements. The Company does not expect the outcome of these proceedings to have a materially adverse
effect on its financial position.

(ii) The Company is contesting disallowances made by the tax authorities for CST/VAT matters for the FY 2012-13 where the demand is
for non-filing of C forms. During the year ended March 31, 2025, the Management as a practice of abundance caution has created a
provision against the demand.

The Management assessed that the fair value of cash and cash equivalents, other bank balances, trade receivables, loans, other
financial assets, trade payables and other financial liabilities approximate the carrying amount largely due to short-term maturity of
these instruments.

The fair value of the financial assets and liabilities is 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.

(ii) Fair value hierarchy:

Fair value measurements are categorised into Level 1, 2, or 3 based on the degree to which the inputs to the fair value measurements are
observable and the significance of the inputs to the fair value measurement in its entirety, which are described as follows:

• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the
measurement date

• Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability, either directly
or indirectly; and

• Level 3 inputs are unobservable inputs for the asset or liability.

As on March 31, 2025 and March 31, 2024, the Company does not hold any financial instruments which are measured at fair value.
Therefore, disclosure under fair value is not applicable to the Company.

(iii) Financial risk management

The Company's principal financial liabilities comprise of trade payables. The main purpose of these financial liabilities is to finance the
Company's operations. The Company's principal financial assets include loans, trade receivables, and cash and cash equivalents that
derive directly from its operations.

The Company's activities expose it to a variety of financial risks: market risk, credit risk and liquidity risk. The Company's senior
management oversees the management of these risks. The Company's focus is to foresee the unpredictability of financial markets and
seek to minimize potential adverse effects on it's financial performance. The market risk to the Group is mainly due to foreign exchange
exposure risk, Interest rate risk and other price risk. The Company's exposure to credit risk is influenced mainly by the individual
characteristic of each customer. The Company's risk management activity focuses on actively securing the Company's short to medium-
term cash flows by minimising the exposure to volatile financial markets. Long-term financial investments are managed to generate
lasting returns. The Group does not actively engage in the trading of financial assets for speculative purposes. The most significant
financial risks to which the Group is exposed are described below.

(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 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 includes trade payable, trade receivable, bank deposits, loans.

a) Interest Rate Risk

Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
interest rates. The Group has interest bearing bank deposits which are carrying fixed rate of interest. However, the exposure to risk of
changes in market interest rates is minimal. The Group has not used any interest rate derivatives to hedge the interest rate risk.

b) Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign
exchange rates. The Group's exposure to the risk of changes in foreign exchange rates relates primarily to the Group's operating
activities (when revenue or expense is denominated in a foreign currency). The Group does not enter into any derivative instruments for
trading or speculative purposes.

Foreign Currency sensitivity analysis

The Company is exposed to foreign exchange risk arising from various currency exposures, primarily with respect to Euro and US Dollar.

The following table details the Company's sensitivity to a 5% increase and decrease in the Rupees against the relevant foreign
currencies. 5% is the sensitivity rate used when reporting foreign currency risk internally to key management personnel and represents
management's assessment of the reasonably possible change in foreign exchange rates. The sensitivity analysis includes receivables
and payable in currency other than the functional currency of the Company.

A 5% strengthening of the Rupee against key currencies to which the Company is exposed (net of hedge) would have led to additional
gain in the Statement of Profit and Loss. A 5% weakening of the Rupee against these currencies would have led to an equal but opposite
effect.

c) Commodity price risk

The Company is affected by the price volatility of certain commodities. Its operating activities require the ongoing manufacturing of
OEM products, and therefore require a continuous supply of steel.

(B) Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a
financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing
activities, including deposits with banks and financial institutions, foreign exchange transactions and other financial instruments. The
Company only deals with parties which has good credit rating/ worthiness given by external rating agencies or based on Companys
internal assessment.

(a) Trade receivables management

The Company has used a practical expedient by computing the expected credit loss allowance for trade receivable based on a provision
matrix. The Provision matrix takes into account historical credit loss experience and adjusted for forward -looking information.

The reversal/allowance for life time expected credit loss on customer balances for the year ended is disclosed in Note 12.

(b) Financial instrument and bank deposits

Credit risk from balances with banks is managed by the Company in accordance with its policy. Investments of surplus funds are made
only with approved counterparties and within credit limits assigned to each counterparty.

(c) Liquidity Risk

Liquidity risk refers to the risk that the Company will encounter difficulty in meeting the obligations associated with its financial
liabilities that are settled by delivering cash or another financial asset. The objective of liquidity risk management, is to maintain
sufficient liquidity and ensure that funds are available for use as per requirements. The Company generates cash flows from operations
to meet its financial obligations, maintains adequate liquid assets in the form of cash & cash equivalents.

The table below summarises the maturity profile of the Company's financial liabilities based on contractual payments:

1. The above information has been determined to the extent such parties have been identified on the basis of information provided by
the Company, which has been relied upon by the auditors.

2. The above transactions are compiled from the date these parties became related.

3 No amounts in respect of related parties have been written off/ back or provided for during the year.

4. As the future liability for gratuity is provided on an actuarial basis for the Company as a whole, the amount pertaining to individual is
not ascertainable and therefore not included above.

Terms and conditions of transactions with related parties

The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm's length transactions.
Amounts owed to and by related party are unsecured and interest free and settlement occurs in cash. There have been no guarantees
provided or received for any related party receivables or payables. For the year ended March 31, 2025 and March 31, 2024, the Company
has not recorded any impairment towards receivables from related parties. This assessment is undertaken each financial year through
examining the financial position of the related party and the market in which the related party operates.

40 SEGMENT REPORTING

The Managing Director of the Company has been identified as the Chief Operating Decision Maker ("CODM") as defined by Ind AS 108,
Operating Segments. The CODM evaluates the Company's performance as a whole. Accordingly, the entire Company has been
identified as one segment. Hence, no separate segment information has been presented.

The Company is engaged in equipment manufacturer with foundry and surface preparation process technology business which forms
the Company's only primary segment. Secondary segment reporting is based on the location of the Company's customer, which is
provided in the table below. The Company operates mainly in two geographical areas, India and Rest of the world.

Each segment item reported is measured based on the measure used to report to the Chief Operating Decision Maker for the purposes
of making decisions about allocating resources to the segment and assessing its performance. Also, all other assets and liabilities are
used interchangeably and domiciled in India.

The accounting policies adopted in the preparation of the financial statements are also consistently applied to record revenue and
expenditure and assets and liabilities in individual segments. The material accounting policies are set out in note 2 & 3 of financial
statements.

The above is determined to the extent such parties have been identified on the basis of information collected by the Management and
this has been relied upon by the auditors.

⁴² The Company has established a comprehensive system of maintenance of information and documents as required by the transfer
pricing legislation under Sections 92-92F of the Income-tax Act, 1961. Since the law requires existence of such information and
documentation to be contemporaneous in nature, the Company is in the process of updating the documentation for the international
transactions entered into with the associated enterprises during the financial year and expects such records to be in existence latest by
within due date of filing the Return of Income as required under law. The Management is of the opinion that its international
transactions are at arm's length so the aforesaid legislation will not have any impact on the financial statements, particularly on the
amount of tax expense and that of provision for taxation.

43 LEASES
Company as a lessee

The Company has entered into property lease for office space. This lease is for a period of five years.The Company's obligations under
the lease is secured by the lessor's title to the leased assets.

The Company had total cash outflows for leases of Rs 13.3 Million in March 31, 2025 (Rs. 12.3 Million in March 31, 2024).The Company
also had no non-cash additions to right-of-use assets and lease liabilities for the year ended March 31, 2025 and March 31, 2024. There
are no future cash outflows relating to leases that have not yet commenced.

The Company has no lease contracts that contains variable payments

The Company has a lease contract that include extension and termination options. These options are negotiated by management to
provide flexibility in managing the leased-asset portfolio and align with the Company's business needs. Management exercises
significant judgement in determining whether these extension and termination options are reasonably certain to be exercised

Company as a lessor

The Company has entered into operating leases on its investment property portfolio consisting of office buildings (see Note 5). These
leases have terms up to five years. All leases include a clause to enable upward revision of the rental charge on an annual basis according
to prevailing market conditions. The lessee is also required to provide a residual value guarantee on the properties. Rental income
recognised by the Company during the year is Rs 2.7 Million (March 31, 2024: Rs 2.5 Million) (refer note 24).

45 EVENTS AFTER THE REPORTING PERIOD

The board of directors have proposed dividend after the balance sheet date which are subject to approval by the shareholders at the

annual general meeting. Refer note 18c for details.

46 OTHER STATUTORY INFORMATION

(i) There are no proceedings which 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.

(ii) As per section 248 of the Companies Act, 2013, there are no balances outstanding or transactions with struck off companies.

(iii) The Company has not traded / invested in Crypto currency or virtual currency.

(iv) The Company has no charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(v) 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

(vi) 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.

(vii) The Company has no 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 (such as, search or survey or any other relevant
provisions of the Income Tax Act, 1961).

(viii) The Company is not a declared willful defaulter by any bank or financial institution or other lender.

(ix) The Company does not have a server physically located in India for the daily backup of the books of account and other books and
papers maintained in electronic mode.

(x) The Company has used accounting software for maintaining its books of account which has a feature of recording audit trail (edit
log) facility and the same has operated with respect to only for sale and purchase transactions during the period from February 26,
2025 to March 31, 2025, except that, audit trail feature is not enabled for any direct changes to data when using certain access
rights. Further no instance of audit trail feature being tampered with was noted in respect of accounting software to the extent
where the audit trail has been enabled. Additionally, the audit trail in respect of the prior year has not been preserved by the
Company as per the statutory requirements for record retention.

⁴⁷ ''0'' represents the figures below the rounding off norms adopted by the Company.

For S.R. Batliboi & Associates LLP For and on behalf of the Board of Directors

Chartered Accountants DISA India Limited

Firm's Registration No. 101049W/E300004 CIN: L85110KA1984PLC006116

per Sunil Gaggar Lokesh Saxena Deepa Hingorani

Partner Managing Director Director

Membership No. 104315 DIN_: 078^7^ DIN: 00206310

Place: Bangalore

^{Date: May 21}, ²⁰²⁵ Vidya Jayant Shrithee MS

Chief Financial Officer Company Secretary , ACS : 56563

Place :Bangalore Place :Bangalore

Date: May 21, 2025 Date: May 21, 2025