Suryaamba Spinning Mills Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2026

a) Capital Redemption Reserve: In accordance with the provisions of the Companies Act, 2013, a Capital Redemption Reserve is created when a company redeems preference shares or buys back its own shares out of distributable profits or securities premium. An amount equal to the nominal value of the shares redeemed or bought back is transferred to the Capital Redemption Reserve. The reserve may be utilized only for the purposes permitted under section 69 and other applicable provisions of the Companies Act, 2013. During the financial year 2019 - 20, the balance in the Capital Redemption Reserve increased substantially by f 773.00 Lakhs pursuant to the redemption of preference shares.

b) Securities Premium: Securities Premium represents the amount received by the Company in excess of the face value of equity shares and preference shares issued by the Company. The utilization of the Securities Premium Account is governed by the provisions of the Companies Act, 2013. The balance in the Securities Premium may be utilized for purposes permitted under the Act, including the issue of fully paid bonus shares, writing off share issue expenses or commission paid on the issue of securities, and providing for the premium payable on the redemption of preference shares or debentures, among other permitted uses.

c) General Reserve: General Reserve represents amounts appropriated from retained earnings from time to time at the discretion of the Company''s shareholders or Board of Directors, as applicable. The reserve is created out of profits of the Company and is intended to strengthen the financial position of the Company, support future business requirements, and provide for unforeseen contingencies. The creation of General Reserve constitutes an appropriation of profits and represents a reclassification within equity from retained earnings to a separate reserve. Accordingly, it does not affect the Statement of Profit and Loss and does not form part of Other Comprehensive Income.

d) Remeasurement of Defined Benefits Plan: This reserve represents the cumulative actuarial gains and losses arising from the remeasurement of the Company''s defined benefit obligations and plan assets, recognized in Other Comprehensive Income (OCI) in accordance with Ind AS 19, "Employee Benefits". In accordance with the requirements of Ind AS 19, these remeasurements are recognized directly in OCI and are not subsequently reclassified to the Statement of Profit and Loss. The balance is transferred within equity and retained in accumulated OCI.

e) Retained Earnings: Retained Earnings represent the cumulative profits and losses of the Company, net of dividends distributed to shareholders and transfers to or from other reserves, as at the reporting date.The balance reflects the portion of earnings that has been retained in the business for use in operations, expansion, future investments, and other corporate purposes. Retained Earnings constitute free reserves available for distribution to shareholders as dividends, subject to compliance with the provisions of the Companies Act, 2013 and other applicable regulatory requirements.

Nature of Securities and Terms of Repayments

a) Term loans availed from HDFC Bank Limited are secured by a first pari-passu charge over the present and future property, plants and equipment

of the Company. The said credit facilities are further secured by way of an equitable mortgage over the factory land and building situated at Khasra No. 284, 298, 299/1, 299/2, 300 and 315, Nayakund, Parseoni Road, Nagpur (M.H.) - 441105, held in the name of the Company. The said credit facilities are also further secured by an equitable mortgage over the Shop No. 10, First Floor, Surya Tower, Hyderabad (T.G.) - 500003, held in the name of Joint Managing Director, Smt. Seema Agrawal of the Company.

b) During the reporting period, the term loans outstanding with State Bank of India Limited were fully repaid pursuant to a takeover / refinancing arrangement by HDFC Bank Limited. Accordingly, the outstanding borrowings from SBI were transferred to HDFC Bank Limited.

c) The term loans availed from HDFC Bank Limited are repayable in accordance with the respective repayment schedules stipulated in the loan agreements entered into with the bank.

d) Hire purchase loans from banks and financial institutions are secured by way of hypothecation of the respective motor vehicles financed thereunder. These loans are repayable in periodic instalments in accordance with the respective repayment schedules stipulated in the loan agreements entered into with the lending banks and financial institutions. State Bank of India were obtained to address liquidity mismatches arising due to the COVID - 19 pandemic and are also being repaid as per heir respective repayment schedules provided by the lending institutions.

e) Term loans obtained from the related parties are unsecured in nature and are repayable on demand.

f) The credit facilities availed from HDFC Bank Limited are further secured by corporate guarantees provided by Suryaamba Foundation and Agatha Developers Private Limited. In addition, the facilities are secured by the irrevocable personal guarantees of the Directors, Shri Virender Kumar Agrawal, Smt. Seema Agrawal and Shri Mayank Agrawal.

Nature of Securities and Terms of Repayments

a) Working capital Loans availed from HDFC Bank Limited are secured by a first pari-passu charge by way of hypothecation over the entire inventories, book debts, receivables, and other current assets of the Company, both present and future. These credit facilities are further secured by way of an equitable mortgage over the immovable properties, as detailed in "Note No. 16" of the financial statements.

b) The credit facilities availed from HDFC Bank Limited are further secured by corporate guarantees provided by Suryaamba Foundation and Agatha Developers Private Limited. In addition, the facilities are secured by the irrevocable personal guarantees of the Directors, Shri Virender Kumar Agrawal, Smt. Seema Agrawal and Shri Mayank Agrawal.

Sales of Product: Performance obligation in respect of the sale of goods is satisfied when control of goods is transferred to the customers, generally upon delivery. Revenue is recognized at that point in time, and payment is generally due in accordance with the terms of the contracts entered into with customers.

Sales of Services: Performance obligation in respect of rendering of services is satisfied either over time or upon completion and acceptance of the services by the customers, in accordance with the terms of the respective contarcts. Accordingly, revenue from such services is recognized when the performance obligation is satisifed, and payment is generally due upon completion and acceptance of the services by the customers.

During the reporting period and previous reporting period, the Company did not have any remaining performance obligations, as the contracts entered into for the sale of goods and rendering of services were of short-term duration.

37A. Fair Value Measurements

i) Financial Instruments measured at Fair Value through Other Comprehensive Income

The Company does not hold any quoted or unquoted debentures or bonds, nor does it have investments in quoted equity instruments measured at Fair Value through Other Comprehensive Income (FVTOCI). Accordingly, the requirements of Ind AS 109, "Financial Instruments", relating to fair value measurement and their related disclosures are not applicable to the Company for any of the reporting periods presented in these financial statements.

ii) Financial Instruments measured at Fair Value through Profit or Loss

The Company does not hold any unquoted equity shares (other than investments in associates and subsidiaries, which are measured at amortized cost) nor any quoted mutual funds measured at Fair Value through Profit and Loss (FVTPL). Accordingly, the requirements of Ind AS 109, “Financial Instruments", relating to fair value measurement and their related disclosures are not applicable to the Company for any of the reporting periods presented in these financial statements.

The Company does not have any financial liabilities measured at Fair Value Through Profit or Loss (FVTPL). Accordingly, the requirements of Ind AS 109, “Financial Instruments", relating to fair value measurement and their related disclosures are not applicable to the Company for all reporting periods presented in these financial statements

iii) Financial Instruments measured at Amortized Costs

The carrying amounts of financial assets and financial liabilities measured at amortized cost as presented in the financial statements are considered to be a reasonable approximation of their respective fair values. This is primarily due to the short-term nature of certain financial instruments and / or because such instruments bear interest rates that are considered to be at market rates. Accordingly, the Company does not expect any material differences between the carrying amounts and the amounts that 37B. Financial Risk Management - Objectives and Policies

The Company''s principal financial assets primarily comprise security deposits, cash and cash equivalents, other balances with banks, and trade and other receivables arising directly from its business operations. The Company''s financial liabilities mainly comprise borrowings in Indian currency, retention money, trade payables, and other payables. These financial liabilities are primarily incurred to finance the Company''s business operations and to support its working capital requirements and other operational obligations.

The Company is exposed to market risk, credit risk, and liquidity risk arising from its financial instruments. The Board of Directors (“the Board") oversees the management of these financial risks. The risk management policy of the Company, formulated by the management and approved by the Board of Directors, sets out the Company''s approach to addressing uncertainties in its efforts to achieve its stated and implicit objectives. It defines the roles and responsibilities of management, the structure for managing risks, and the overall risk management framework. The framework is designed to identify, assess, and mitigate financial risks in order to minimize potential adverse effects on the Company''s financial performance. The Board has taken necessary actions to mitigate the risks identified based on the information and circumstances prevailing at the time.

* The following disclosures summarize the Company''s exposure to financial risks and provide information regarding the use of derivatives, if any, employed to manage such exposures. A quantitative sensitivity analysis has also been provided to reflect the impact of reasonably possible changes in market rates on the Company''s financial results, cash flows, and financial position.

1) Market Risk

Market risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market prices. risk through various financial instruments, including loans and borrowings denominated in domestic currency, deposits, retention money, trade and other payables, and trade receivables.Market risk comprises three types of risk: interest rate risk, currency risk, and other price risk. The Company is exposed to market

a) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market interest rates. An increase in interest rates would adversely impact the Company''s borrowing costs. The Company is exposed to interest rate risk primarily on its long-term and short-term borrowings. Interest rate risk is managed by monitoring the proportion of fixed and floating rate borrowings and taking appropriate actions, as necessary, to maintain a balanced exposure to interest rate fluctuations. The Company has not used any interest rate derivatives to hedge its interest rate risk during the reporting period.

b) Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate due to changes in foreign exchange rates. The Company operates globally and a portion of its transactions are denominated in foreign currencies; consequently, it is exposed to foreign exchange risk arising from sales to overseas customers and purchases from overseas suppliers. The Company manages its foreign currency exposure through natural hedging, to the extent possible, by matching foreign currency inflows with corresponding foreign currency outflows, such as procuring goods in the same currencies in which sales are denominated. This approach helps in mitigating the impact of exchange rate fluctuations on the Company''s financial results.

The above table represents the Company''s total exposure to foreign currency - denominated monetary items. The Company has not entered into any hedging arrangements to mitigate its foreign currency exposure during the current reporting period as well as the previous reporting period.

The Company is mainly exposed to fluctuations in USD ($) and EURO (€). The table below demonstrates the sensitivity to a 5% increase or decrease in USD ($) against INR and EURO (€) against INR, assuming all other variables remain constant.

The sensitivity analysis is based on the net unhedged exposure of the Company as at the reporting date and the previous reporting date. A 5% movement represents management''s assessment of a reasonably possible change in foreign exchange rates.

c) Other Price Risk

Other price risk i s the risk that the fair value of financial instruments will fluctuate due to changes in market traded prices. Other price risk arises primarily from financial assets such as investments in quoted equity instruments. The Company is exposed to price risk mainly on account of investments in quoted equity instruments measured at fair value through other comprehensiveincome (FVTOCI), if any. As at March 31, 2026, the carrying value of such quoted equity instruments measured at FVTOCI is ^ NIL (March 31, 2025: ^ NIL).

2) Credit Risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations, resulting in financial loss to the Company.

Credit risk arises primarily from financial assets such as trade receivables, balances with banks, and other financial assets of the Company.

The Company has adopted a policy of dealing only with counterparties that have sufficiently high credit ratings. The Company''s exposure to credit risk and the credit ratings of its counterparties are continuously monitored, and the aggregate value of transactions is reasonably diversified across counterparties.

Credit risk arising from term deposits and other balances with

banks is considered limited, as these balances are placed with banks and recognized financial institutions having high credit ratings assigned by international credit rating agencies. No collateral is held against such balances.

The average credit period on sale of products ranges from 15 to 30 days. Credit risk arising from trade receivables is managed in accordance with the Company''s established credit risk management policies, procedures, and controls. Customer credit worthiness is assessed based on detailed evaluation, and individual credit limits are defined or modified accordingly. The concentration of credit risk is limited due to a diversified customer base. No customer represents more than 10% of the total trade receivables balance. For trade receivables, as a practical expedient, the Company recognizes expected credit loss allowance using a provision matrix approach. The provision matrix is based on historically observed default rates over the expected life of trade receivables and is adjusted for forward-looking estimates at each reporting date. The provision matrix as at the end of the reporting period is as follows:

3) Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in raising funds to meet its obligations associated with financial instruments that are settled by delivering cash or another financial asset. Liquidity risk may also arise due to an inability to realize a financial asset quickly at or near its fair value.

The Company has established a liquidity risk management framework for managing its short-term, medium-term, and long-term funding and liquidity requirements. The Company''s exposure to liquidity risk arises primarily from mismatches in the maturities of financial assets and liabilities. The Company manages liquidity risk by maintaining adequate cash and cash equivalents. The Company also has adequate credit facilities with banks to ensure availability of sufficient funds to meet its normal operating and financial obligations in a timely and cost-effective manner.

The Company believes that its liquidity positions of ^ 133.45 Lakhs as at March 31, 2026 (Prev Year ^ 154.76 Lakhs), along with anticipated future internally generated cash flows from operations and fully available undrawn credit facilities, will enable it to meet its future obligations in the ordinary course of business. In addition, in the event of any liquidity requirement, the Company believes it has access to financing arrangements and unencumbered assets that would enable it to meet its capital and other liquidity requirements.

The liquidity position referred to above includes:

i) Cash and Cash Equivalents as disclosed in the Cash Flows Statements; and

ii) Current / non - current term deposits as disclosed in the financial assets.

The Company''s Liquidity management process, as monitored by the management, includes:

i) Day-to-day funding management through monitoring of future cash flows to ensure timely fulfillment of obligations;

ii) Maintenance of rolling forecasts of the Company''s liquidity position based on expected cash flows; and

iii) Maintenance of diversified credit lines to support funding flexibility.

The table below analyses the Company''s financial liabilities into relevant maturity groupings based on the remaining period from the reporting date to the contractual maturity date. The amounts disclosed in the table represent contractual undiscounted cash flows.

37C. Capital Management

The Company adheresTo a robust capital management framework, which is underpinned by the following guiding principles:

a) Maintain financial strength to ensure BBB stable domestic credit ratings and investment grade ratings internationally;

b) Ensure financial flexibility by diversifying sources of financing and their maturities to minimize liquidity risk while meeting investment requirements;

c) Ensure sufficient liquidity is available, either through cash and cash equivalents, investments or committed credit facilities, to meet business requirements.

d) Minimize finance costs while considering current and future industry, market and economic risks and conditions;

e) Safeguard the Company''s ability to continue as going a going concern.

f) Maintain an optimal level of leverage to maximize shareholder returns while preserving balance sheet strength and flexibility.

The Board of Directors has the primary responsibility for maintaining a strong capital base and optimizing the cost of capital through prudent management of deployed funds and judicious leverage in domestic and international financial markets, thereby maintaining investors, creditors, and market confidence and supporting the future development of the business.

For the purpose of the Company''s capital management, capital includes issued equity share capital and all other equity reserves attributable to equity shareholders. The primary objective of capital management is to safeguard the Company''s ability to continue as a going concern and to maintain an optimal capital structure in order to maximize shareholder value.

As at March 31, 2026, the Company has only one class of equity shares and has a low level of debt. Consequently, there are no externally imposed capital requirements. To maintain or achieve an optimal capital structure, the Company allocates capital towards dividend distribution or reinvestment in the business based on its long-term financial plans.

The Company monitors its capital structure on the basis of the Net Debt to Equity ratio, where Net Debt is defined as

42. EMPLOYEEBENEFITS 1. PostEmploymentBenefits

i) DefinedBenefitGratuityPlan(PartiaMyFunded)

The Company operates a defined benefit gratuity plan for its employees, which requires contributions to be made to a separately administered fund. The gratuity scheme is governed by the provisions of the Payment of Gratuity Act, 1972. Under the Act, employees who have completed a minimum qualifying period of five years of continuous service become eligible for gratuity benefits. The amount of gratuity payable is determined based on the employee''s length of service and the last drawn salary at the time of retirement, resignation, death, disability, or cessation of employment.

ii) Defined Benefit Pension Plan (Unfunded)

The Company operates a defined benefit pension plan for certain specified employees, under which post- employment benefits are payable upon fulfilment of specified terms and conditions as approved by the Board of Directors of the Company. The benefits payable under the scheme are determined based on the eligibility criteria and other conditions prescribed under the respective plan.

iii) Defined Benefit Post Retirement Medical Benefit Plans (Unfunded)

The Company operates a defined benefit post-retirement medical benefits plan for certain specified employees, under which post-retirement medical benefits are payable upon fulfilment of specified terms and conditions approved by the Board of Directors of the Company. The benefits are provided to eligible employees in accordance with the provisions of the respective scheme. post-retirement medical benefits are payable upon fulfilment of specified terms and conditions approved by the Board of Directors of the Company. The benefits are provided to eligible employees in accordance with the provisions of the respective scheme.

The most recent actuarial valuation of the plan assets and the present value of the defined benefit obligations was carried out as at March 31, 2026, by KP Actuaries and Consultants, Fellow of the Institute of Actuaries of India. The valuation has been performed using the "Projected Unit Credit Method", which is considered an appropriate method

2. Defined Contribution Plans

i) Provident Fund

The Company manages and administers the provident fund assets and liabilities in accordance with the provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, and the applicable rules and regulations framed thereunder.

The plan guarantees a minimum rate of interest as notified by the Provident Fund Authorities from time to time. Employer and employee contributions, together with accrued interest thereon, are payable to employees upon retirement or separation from the Company, whichever is earlier, and vest immediately upon rendering of service. In accordance with the Guidance Note issued by the Institute of Actuaries of India, the Actuary has carried out the valuation of provident fund liabilities based on the prescribed assumptions. There is no shortfall in the fund as at March 31, 2026.

Terms and Conditions of the transactions with Related Parties are as under:

a) The Company has been entering into transactions with related parties for its business purposes. The process followed for entering into transactions with related parties is the same as that followed for unrelated parties. Vendors are selected on a competitive basis, having regard to strict adherence to quality standards, timely service, and cost advantage. Further related party vendors provideadditional advantage in terms of:

Further related party vendors provide additional advantage in terms of:

i) Supplying products primarily to the Company.

ii) Advanced and innovative technologies.

iii) Customization of products to suit the Company’s specific performance.

iv) Enhancement of the Company’s purchase cycle and assurance of just-in-time supply with resultants benefits - notably on working capital.

b) Purchases fromand sales to related parties are undertaken onterms equivalenttothose applicable to unrelated parties, on arm’s

c) Outstanding balances with related parties as at the end of the reporting period are unsecured, interest free and are repayable / receivable in demand, and are expected to be settled in cash.

44.Additional Regulatory Information as required by the Schedule - III of the Companies Act, 2013.

i) The Company has utilized the borrowings from banks and financial institutions for the purposes for which they were obtained, as at the balance sheet date. The Company has not defaulted in the repayment of principal or payment of interest thereon in respect of any borrowings from banks and financial institutions during the current and previous reporting periods.

ii) The title deeds in respect of self-constructed building and title deeds of all other immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the Company), disclosed in the financial statements and included under Property, Plants and Equipment, are held in the name of the Company as at the balance sheet date. In respect of immovable properties taken on lease by the Company, the lease agreements are duly executed in favour of the Company as at the balance sheet date.

iii) There are no loans and advances in the nature of loans are granted to promoters, directors, key managerial parties and the other related parties including subsidiaries, associates and joint ventures (as defined under the Companies Act, 2013), either severally or jointly with any other person that are:

a) repayable on demand or;

b) without specifying any terms or periods of repayments.

iv) The Company does not hold any benami property in its name. Further, no proceedings have been initiated or are pending against the Company under the Benami Transactions (Prohibition) Act, 1988 (as amended) (45 of 1988) and the Rules made thereunder in respect of any alleged benami property.

v) The Company has been sanctioned working capital limits from banks and financial institutions on the basis of security of current assets. The monthly / quarterly returns and the statements filed by the Company with such banks and financial institutions are in agreements with the books of accounts of the Company.

vi) The Company has not been declared a willful defaulter by any banks, financial institutions, or other lenders, nor by the government or any government authorities.

vii) The Company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956, Accordingly, the details in this regard are not applicable and have not been furnished.

viii) The Company does not have any charges or satisfaction of charges, which are pending registration with the Registrar of Company beyond the statutory period.

ix) The Company has complied with the requirements relating to the number of layers of subsidiaries as prescribed under section 2(87) of the Companies Act, 2013, read with the Companies (Restriction on number of layers) Rules, 2017.

x) Utilization of borrowed funds and share premium

1) The Company has not advanced, loaned, or invested any funds to any other persons or entities, including foreign entities (intermediaries) with the understanding that the intermediaries 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.

2) The Company has not received any funds from any persons or entities, including foreign entities (Funding Parties) 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 to or on behalf of the Ultimate beneficiaries.

xi) There have been no transactions relating to previously unrecorded income that which have been surrendered or disclosed as income during the current reporting period and previous reporting period in course of tax assessments under the Income Tax Act, 1961.

xii) The Company has neither traded in, nor invested in, nor advanced any funds in Crypto Currency or Virtual Currency, during the current reporting period as well as the previous reporting period.

47.CORPORATE SOCIAL RESPONSIBILITIES

Inaccordancewith the provisions of section 135 of the Companies Act, 2013, the Company is required to spend a minimum of 2% of its average net profits of the immediately preceding three financial years on eligible Corporate Social Responsibility (CSR) activities. The activities covered under CSR include, among others, eradication of hunger and malnutrition, promotion of education, healthcare, environmental sustainability, rural development projects, disaster relief, art and culture, and rehabilitation initiatives as prescribed under Schedule VII of the Companies Act, 2013. The Company has constituted a CSR Committee in compliance with the requirements of the Act to oversee the implementation, monitoring and governance of CSR initiatives undertaken by the Company.

a) The amount required to be spent by the Company towards Corporate Social Responsibility (CSR) activities in accordance with the provisions of section 135 of the Companies Act, 2013 read with Schedule VII thereto, during the reporting period ended March 31, 2026, is ^ NIL (Prev Year ^ NIL).

b) The Company has incurred expenditure of ^ NIL towards Corporate Social Responsibility (CSR) activities during the reporting period. Of the total expenditure incurred, ^ NIL relates to obligations or commitments pertaining to earlier financial periods but spent during the current financial year (Prev Year ^ NIL).

c) The Company has not undertaken any additional commitment towards Corporate Social Responsibility (CSR) expenditure for achieving the prescribed spending requirement of 2% of the average net profits of the three immediately preceding financial years under section 135 of the Companies Act, 2013 (Prev Year ^ NIL). Further, it is confirmed that no amount of CSR expenditure incurred during the current or previous reporting periods has been paid to or incurred through related parties.

The Board of Directors of the Company has not declared any interim dividend during the current reporting period as well as the previous reporting period. Further, the Board of Directors, at its meeting held on May 30, 2025, had recommended a final dividend of ^ 1.00 (Rupees One only) per equity share of face value ^ 10 each for the financial year ended March 31, 2025. The said dividend was subsequently approved by the shareholders at the Annual General Meeting (AGM) held on September 20, 2025, resulting in an aggregate cash outflow of ^ 29.32 Lakhs.

Proposed Dividend

The Board of Directors, at their meeting held on May 23, 2026, have recommended a final dividend of ^ 1.00 (Rupee One Only) per equity share of face value ^ 10 each, i.e., 10% of the face value, for the financial year ended March 31, 2026. Accordingly, the Company has proposed a final dividend aggregating to ^ 29.32 Lakhs, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM). Since the same is subject to shareholder approval, it has not been recognized as a liability in the financial statements.

49.SEGMENT REPORTING

During the current and previous reporting periods, the Company operated in a single reportable segment, namely, Manufacturing and Trading of Yarn. The Chief Operating Decision Maker (CODM) reviews the Company''s performance and allocates resources on an overall basis. Accordingly, the Company has determined that it has only one operating and reportable segment in accordance with Indian Accounting Standard (Ind AS) 108 - "Operating Segments". Therefore, separate segment information and related disclosures prescribed under Ind AS 108 are not applicable.

50. CONSOLIDATED FINANCIAL STATEMENT

During the current and previous reporting periods, the Company did not have any subsidiaries, associates, or joint ventures. Accordingly, the Company is not required to prepare consolidated financial statements, and the provisions of Indian Accounting Standard (Ind AS) 110 - "Consolidated Financial Statements" are not applicable.

51. DETAILS OF HEDGED AND UNHEDGED EXPOSURES IN FOREIGN CURRENCY DENOMINATED MONETARY ITEMS.

A) Exposure in Foreign Currency - Hedged

The Company has not entered into any forward exchange contracts or other derivative financial instruments to hedge its foreign currency exposures arising from underlying transactions or firm commitments during the current and previous reporting periods. Further, the Company has not undertaken any transactions in derivative instruments for trading, speculative, or other purposes during these periods. Accordingly, there were no outstanding derivative contracts as at the reporting dates.

B) Exposure in Foreign Currency - Unhedged

The foreign currency exposures which remain unhedged during the reporting period as well as the previous reporting period are as follows:

53. The financial statements are approved for issue by the Audit Committee at its meeting held on May 23, 2026,and by the Board

54. Previous years audited figures has been regrouped / recasted / rearranged wherever necessary to make them comparable for the purpose of preparation and presentation of financial statements.

---

Mar 31, 2025

b) Terms / Rights attached to Equity Shares:

(i) The Company has only one class of shares - referred to as - equity shares having a par value of ^10 per share. Each holder of equity shares is entitled to one vote per share.

(ii) As per the Companies Act, 2013, in the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all the preferential amounts. However, no such preferential amount exists currently. The distribution will be in the proportion to the number of equity shares held by the Shareholders.

(iii) The Company declares and pays the dividend in Indian Rupees (^). The payment of dividend is also made in the foreign currency to the shareholders outside India. The final dividend proposed by the Board of Directors is subject to the approval of the shareholders in their ensuing Annual General Meeting (AGM), except in case of interim dividend.

*As per the records of the Company, including the register of members. The above details are certified by the Registrar and Share Transfer Agents.

The Board of Directors, at its meeting held on May 30, 2025 have recommended a payment of final dividend of ^1.00 (One rupee only) per equity shares of the face value of ^10 each i.e. 10% of the face value of equity share amounting to ^29.32 Lakhs, subject to the approval of shareholders at their ensuing Annual General Meeting (AGM), hence not recognized as liability, for the financial year ended March 31, 2025. The Board of Directors has not declared any interim dividend during the reporting period. (Refer "Note No. 44")

The Board of Directors, at its meeting held on May 28, 2024 had proposed a final dividend of ^1.00 (One Rupee Only) per equity shares of the face value of ^10 each for the financial period ended March 31, 2024. The proposal was approved by the shareholders at the Annual General Meeting (AGM) hold on September 28, 2024 and the same has resulted a cash outflow of amounting to ^29.32 Lakhs. (Refer "Note No. 44")

Description of Nature and Purpose of each Reserve

a) Capital Redemption Reserve: As per the Companies Act, 2013, Capital Redemption Reserve is created when a Company buy back its own shares out of free reserves or securities premium. A sum equal to the nominal value of the share so purchased is transferred to Capital Redemption Reserve. The reserve is utilized in accordance with the provision of section 69 of the Companies Act, 2013. The reserve has substantially increased in the year 2019 - 2020 by an amount of ^773.00 Lakhs, pursuant to the redemption of preference share.

b) Securities Premium: Securities Premium is used to record the premium received on the issue of equity or preference shares. This reserve is primarily utilized in accordance with the provisions of the Companies Act, 2013, for purposes such as issuing fully paid bonus shares, writing off preliminary expenses, and meeting the premium payable on redemption of debentures or preference shares, among others.

c) General Reserve: General Reserve is created from time to time through the transfer of profits from retained earnings for the purpose of appropriation. It represents an internal reallocation within equity, involving a transfer from one component of equity to another, and does not form part of Other Comprehensive Income (OCI). The creation of General Reserve reflects the Company''s intent to strengthen its financial position or meet the future contingencies.

d) Remeasurement of Defined Benefits Plan: This represents the cumulative gains and losses arising from the remeasurement of defined benefit plans in accordance with Ind AS 19 - "Employee Benefits", which have been recognized in Other Comprehensive Income (OCI). These amounts are not reclassified to profit or loss in subsequent periods.

e) Retained Earnings: Retained Earnings Reserve represents the accumulated and undistributed profits of the Company as at the reporting date of the financial statements. It reflects the portion of net earnings that has been retained by the Company over time, after distribution of dividends and other appropriations.

Nature of Securities and Term of Repayments:

a) Term loans from State Bank of India are secured by a first pari-passu charge on the present and future property, plant, and equipment of the Company. These credit facilities are further secured by way of first pari - passu charge on immovable property, plant, and equipment, through an equitable mortgage on factory land and buildings held in the name of the Company, located at Khasra No. 284, 298, 299/1, 299/2, 300, and 315, Nayakund, Parseoni Road, District Nagpur - 441105. Additionally, the facilities are also secured by an equitable mortgage on a commercial building situated at Shop No. 11, Surya Tower, Secunderabad, Telangana - 500015. Motor vehicles, however, are hypothecated specifically to the respective banks and financial institutions from which the funds were borrowed, and are not covered under the above-mentioned pari - passu charge.

b) The said credit facilities are further secured by a first pari-passu charge through an equitable mortgage of the residential property located at Flat No. A-101 and A-102, Kanha Apartment, 128, Chhaoni, Katol Road, Nagpur - 440010. The aforesaid property is held in the name of Smt. Seema Agarwal, Joint Managing Director of the Company.

c) The said credit facilities are further secured by a first pari-passu charge through an equitable mortgage of the commercial plot situated at Survey No. 371/A, Mehbub Nagar, Maganur Mandal, Telangana - 500015, which is held in the name of Shri Virender Kumar Agarwal, Managing Director of the Company. Additionally, the facilities are secured by way of pledge of 2,04,820 equity shares of the Company, having a face value of ^10 each, also held by Shri Virender Kumar Agarwal.

d) All the term loans from State Bank of India, excluding the GECL (Guaranteed Emergency Credit Line) loans, have been availed for the construction and acquisition of property, plant, and equipment held in the name of the Company. These loans are being repaid in accordance with their respective repayment schedules as prescribed by the banks and financial institutions. The GECL term loans from State Bank of India were obtained to address liquidity mismatches arising due to the COVID - 19 pandemic and are also being repaid as per their respective repayment schedules provided by the lending institutions.

e) Hire purchase loans from banks and financial institutions are secured by way of hypothecation of the respective motor vehicles for which the funds have been borrowed. These loans are being repaid in accordance with their respective repayment schedules as provided by the lending banks and financial institutions.

f) Term loans from Directors and Managerial Personnel are unsecured and are repayable on demand.

g) All the term loans from State Bank of India are further secured by the unconditional and irrevocable personal guarantees of three Directors of the Company, namely Shri Virender Kumar Agarwal, Smt. Seema Agarwal and Shri Mayank Agarwal.

Nature of Securities

a) Working capital loans from State Bank of India are secured by way of hypothecation of the entire inventories, book debts, receivables, and other current assets of the Company, both present and future. These credit facilities are further secured by way of an equitable mortgage on the immovable properties, as detailed in "Note No. 14" of the financial statements.

b) All the credit facilities from State Bank of India are further secured by the unconditional and irrevocable personal guarantees of three Directors of the Company, namely Shri Virender Kumar Agarwal, Smt. Seema Agarwal and Shri Mayank Agarwal.

* As at March 31, 2025 and March 31, 2024, there were no amount due and outstanding to be transferred to "Investor Education and Protection Fund" by the Company under section 125 of the Companies Act, 2013. Unclaimed Dividend, if any, shall be transferred to Investor Education and Protection Fund as and when they become due.

**Out of the above Capital Creditors,^ NIL (Prev Year^ NIL) are dues to the suppliers of Micro, Small and Medium Enterprises as defined under the Micro, Small and Medium Enterprises Development Act, 2006 ("MSMED Act 2006"). Refer "Note No. 36.1" for ageing analysis of Capital Creditors.

*** Out of the above Liabilities towards Services,^ NIL (Prev Year^ NIL) are dues to the suppliers of Micro, Small and Medium Enterprises as defined under the Micro, Small and Medium Enterprises Development Act, 2006 ("MSMED Act 2006"). Refer "Note No. 36.2" for ageing analysis of Liabilities towards Services.

Sales of Product: Performance obligation in respect of sales of goods is satisfied, when the controls of goods is transferred to the customers, generally on delivery of the goods and payments is generally due as per the terms of contracts with the customers.

Sales of Services: Performance obligation in respect of sales of services, is satisfied over a period of time and the acceptance of the customers. In respect of these services, payment is generally due upon the completion of services and acceptance from the customers.

During the reporting period and previous reporting period, the Company does not have any remaining performance obligation as contracts entered for sales of goods and services are for a shorter duration of time.

(i) Financial Instruments measured at Fair Value through Other Comprehensive Income

The Company neither hold quoted or unquoted debentures or bonds nor holds quoted equity instruments, which are being measured at fair value through other comprehensive income (FVTOCI), so the requirement to report under the Ind AS - 109, "Fair Value" is not applicable to the Company for all the reporting periods presented in the financial statements.

(ii) Financial Instruments measured at Fair Value through Profit or Loss

The Company neither hold any unquoted equity shares (other than investments in associates and subsidiaries, which are being measured at amortized costs) nor holds quoted mutual funds, which are being measured at Fair Value through Profit and Loss (FVTPL), so the requirement to report under the Ind AS - 109, "Fair Value" is not applicable to the Company for all the reporting periods presented in the financial statements.

The Company has not any financial liabilities which are being measured at Fair Value through Profit or Loss (FVTPL), so the reporting under the Ind AS - 109, "Fair Value" is not applicable to the Company in respect of all reporting periods presented in financial statements.

(iii) Financial Instruments measured at Amortized Costs

The carrying amount of financial assets and financial liabilities measured at amortized costs in the financial statements are a reasonable approximation of the fair value since the Company does not anticipate that the carrying amounts would be significantly different from the values that would eventually be received or settled.

"NOTE NO.: 34B" - FINANCIAL RISK MANAGEMENT - OBJECTIVES AND POLICIES

The Company''s principal financial assets mainly comprise of security deposits, cash and cash equivalents, other balances with banks, trade and other receivables that derive directly from its business operations. The Company''s financial liabilities mainly comprise the borrowings in Indian currency, retention money, trade payables and other payables. The main purpose of these financial liabilities is to finance the Company''s business operations and to provide guarantees to support its operations.

The Company is exposed to Market Risk, Credit Risk and Liquidity Risk from its financial instruments. The Board of Directors ("the Board") oversees the management of these financial risks. The risk management policy of the Company formulated by the Company''s management and approved by the Board of Director''s, which states the Company''s approached to address uncertainties in its endeavor to achieve its stated and implicit objectives. It prescribes the roles and responsibilities and the Company''s managements, the structure for managing the risk and the framework for risk management. The framework seeks to identify, assess and mitigate the financial risks in order to minimize potential adverse effects on the Company''s financial performance. The Board has taken necessary actions to mitigate the risks identified on the basis the information and situation presents.

The following disclosures summarize the Company''s exposure to financial risks and the information regarding the use of derivatives employed to manage the exposure to such risks. Quantitative sensitivity analysis has been provided to reflect the impact of reasonably possible changes in market rate on financial results, cash flows and financial positions of the Company.

1) Market Risk

Market risk is the risk that the fair value of future cash flows of financial instruments will fluctuate because of changes in the market prices. Market risk comprises three types of Risk: "Interest rate risk, Currency risk and Other price risk". Financial instruments affected by the market risk include loans and borrowings in domestic currency, deposits, retention money, trade and other payables and trade receivables.

a) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash outflows of financial instruments will fluctuate because of changes in the market interest rates. An upward movement in the interest rate would adversely affect the borrowing costs of the Company. The Company is exposed to long-term and short-term borrowings. The Company manages interest rate risk by monitoring its mix of fixed and floating rate instruments and taking actions as necessary to maintain an appropriate balance. The Company has not used any interest rate derivatives.

Foreign currency risk is the risk that the fair value or future cash outflows of an exposure will fluctuate due to changes in foreign exchange rates. The Company operates globally, and a portion of the business is transacted in several currencies and consequently the Company is exposed to foreign exchange risk through its sales in overseas and purchases from overseas suppliers in foreign currency. The foreign currency exchange rate exposure is partly balanced by purchasing of the goods in the respective currencies.

The above table represents the total exposure of the Company toward its foreign exchange denominated monetary items. Out of the above mentioned, the details of exposures hedged using forward exchange contracts are given in "Note No. 47A". The Company has not hedged its foreign currency exposure during the reporting period and previous reporting period. The details of unhedged exposures are given as part of "Note No. 47B".

The Company is mainly exposed to changes in USD ($) and EURO (€). The below table demonstrated the sensitivity to a 5% increase or decrease in USD ($) against INR and EURO (€) against INR, considering with all other variable remains constant. The sensitivity analysis is prepared on the net unhedged exposure of the Company as at the reporting period and previous reporting period. 5% represents the management''s assessment of reasonably change in foreign exchange rate.

Other price risk is the risk that the fair value of a financial instruments will fluctuate due to changes in market traded price. Other price risk arises from financial assets such as investments in quoted equity instruments. The Company is exposed to price risk arising mainly from investments in quoted equity instruments recognized at FVTOCI, if any. As at March 31, 2025, the carrying value of such quoted equity instruments recognized at amounts FVTOCI amounts to ^NIL(March 31, 2024 ^ NIL).

2) Credit Risk

Credit Risk refers to the risk that the counterparty will default on its contractual obligations resulting in financial losses to the Company. Credit risk arises primarily from financial assets such as trade receivables, other balances with banks and other financial assets with the Company.

The Company has adopted a policy of only dealing with counter parties that have sufficiently high credit ratings. The Company''s exposure and credit ratings of its counterparties are continuously monitor and the aggregate value of transactions is reasonably spread amongst the counterparties.

Credit risk arising from term deposits and other balances with banks is limited and there is no collateral held against these because the counterparties are banks and recognized financial institutions with high credit rating assigned by the international credit rating agencies.

The average credit period on sale of products ranges from 15 to 30 days. Credit risk arising from trade receivable is managed in accordance with the Company''s established policy, procedures and control relating to customer credit risk management. The credit quality of a customer is assessed based on detailed study of creditworthiness and accordingly individual credit limits are defined / modified. The concentration on credit risk is limited due to the fact that, the customer base is large. There are very few of the customers, which represents more than 10% of its total balance of trade receivable. For trade receivables, as a practical expedient, the Company computes credit loss allowance based on provision matrix. The provision matrix is prepared on historically observed default rate over the expected life of trade receivable and is adjusted for forward-looking estimates. The provision matrix at the end of reporting period as follows:

3) Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in raising the funds to meet the commitments associated with financial instruments that are settled by delivering cash or another financial asset. Liquidity risk may result from an inability to sell a financial asset quickly at close to its fair value.

The Company has an established liquidity risk managements framework for managing its short-term, medium-term and longterm funding and liquidity management requirements. The Company''s exposure to liquidity risk arises primarily from mismatches of maturities of financial assets and liabilities. The Company manages the liquidity risk by maintaining adequate funds in the cash and cash equivalents. The Company also has adequate credit facilities agreed with banks to ensure that there is sufficient cash to meet all its normal operating commitments in a timely and cost-effective manner.

The Company believes that its liquidity positions {As at March 31, 2025 ^154.76 Lakhs (Prev Year ^191.89 Lakhs)}, anticipated future internally generated funds from operations, and its fully available revolving undrawn credit facilities will enable it to meet its future known obligations in the ordinary course of business. However, if liquidity needs were to arise, the Company believes it has access to financing arrangements, value of unencumbered assets, which should enable it to meet its ongoing capital, and other liquidity requirements.

The liquidity position of the Company mentioned above, includes:

i) Cash and Cash Equivalents as disclosed in the Cash Flows Statements

ii) Current / non-current term deposits as disclosed in the other financial assets

The Company''s liquidity management process as monitored by the management, includes:

i) Day-to-day funding, managed by monitoring future cash flows to ensure that requirements can be met.

ii) Maintaining rolling forecasts of the Company''s liquidity position on the basis of expected cash flows.

iii) Maintaining diversified credit lines.

The below table analysis shows the financial liabilities of the Company in the relevant maturity grouping based on the remaining period from the reporting date to the contractual maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows:

"NOTES: 34C" - CAPITAL MANAGEMENT

The Company adheres to a robust Capital Management framework which is underpinned by the following guiding principles.

a) Maintain the financial strength to ensure BBB stable ratings domestically and investment grade ratings internationally.

b) Ensure financial flexibility and diversify the source of financing and their maturities to minimize liquidity risk while meeting its investment requirements.

c) Ensure sufficient liquidity is available (either through cash and cash equivalents, investments or committed credit facilities) to meet the needs of businesses.

d) Minimize the finance costs while taking into consideration current and future industry, market and economic risks and conditions.

e) Safeguard its ability to continue as going as a going concern.

f) Leverage optimally in order to maximize shareholder returns while maintaining strength and flexibility of the Balance Sheet.

This framework is adjusted based on underlying macro-economic factors affecting the business environment, financial market conditions and interest rates environment.

The Board of Directors of the Company has primary responsibilities to maintain a strong capital base and reduce the cost of capital through a prudent management of deployed fund and leveraging in domestic and international financial market, so as to maintain investors, creditors and market confidence and to sustain future development of the business.

For the purpose of the Company''s capital management, capital includes issued equity capital and all other equity reserves attributable to the equity shareholders of the Company. The primary objective of the Company when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value.

As at March 31, 2025 and March 31, 2024, the Company has only one class of equity shares and has low debts. Consequent to such capital structure, there are no externally imposed capital requirements. In order to maintain or achieve an optimal capital structure, the Company allocates its capital for distribution as dividends or reinvestments into business based on its long-term financial plans.

The Company manages its capital on the basis of the Net Debt to Equity Ratio which is Net Debt (Total Borrowings Net of Cash and Cash Equivalents) divided by total equity.

a) The reversal of deferred tax assets (net) on the tax base of land has impacted the Profit After Tax (PAT) for the current reporting period, which in turn has adversely affected the Company''s Return on Equity (ROE) as compared to the previous reporting period.

b) Improved repayment of external liabilities, including trade creditors, has positively impacted and enhanced the Trade Payables Turnover Ratio during the reporting period.

c) The reversal of deferred tax assets (net) on the tax base of land has impacted the Profit After Tax (PAT) for the current reporting period, which in turn has adversely affected the Company''s Net Profit Ratio as compared to the previous reporting period.

NOTE: 38 EMPLOYEE BENEFITS

1. Post-Employment Benefits

(i) Defined Benefit Gratuity Plans

The Company has defined benefit gratuity plans for its employees, which requires the contribution to be made to a separately administered fund. It is governed by the Payment of Gratuity Act, 1972. Under these Act, an employee who has completed five years of services are only entitled to the specific benefits. The level of benefits provided depend on the member''s length of service and salary at their retirement age.

(ii) Defined Benefit Pension Plan (Unfunded)

The Company operates a defined benefits pension plan for certain specified employees and is payable upon the employee satisfying the certain terms and conditions attached to them, as approved by the Board of Directors of the Company.

(iv) Defined Benefit Post-Retirement Medical Benefit Plans (Unfunded)

The Company operates a defined benefits post-retirement medical benefit plan for certain specified employees and is payable upon the employee satisfying the certain terms and conditions attached to them, as approved by the Board of Directors of the Company.

The most recent actuarial valuation of the plan assets and the present value of defined benefits obligation were carried out as at March 31, 2025, by KP Actuaries and Consultants, Fellow of Institute of Actuaries of India. The present value of defined benefits obligation and the related current service cost were measured by using the "Project Unit Credit Method".

The following tables summarize the components of defined benefit expenses recognized in the Statement of Profit and Loss / Other Comprehensive Income and amount recognized in the Balance Sheet for the respective plans:

The estimate of rate of escalation in salary considered in Actuarial Valuation, taken into the account inflation, seniority, promotions and other relevant factors including supply and demand in the employment market. Attrition rate indicated above represents the Company''s best estimate of employee turnover (other than on account of retirement, death or disbursement) determined considering various factors such as nature of business, retention policy, industry factors, past experiences etc. The above information is certified by the Actuary.

j) Sensitivity Analysis

Significant Actuarial Assumptions for the determination of the defined benefit obligation are discount rate and expected salary increase rate. Effect of change in mortality rate is negligible. Please note that the sensitivity analysis presented below 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. The results of sensitivity analysis are given below:

2. Defined Contribution Plans (i) Provident Fund

The provident fund assets and liabilities are managed by the Company in line with the Employee''s Provident Fund and Miscellaneous Provision Act, 1952.

The plan guarantees minimum interest rate at the rate as may be notified by the Provident Fund Authorities. The contribution by the employer and employee together with interest accumulated thereon payable to employees at the time of separation from the Company or retirement, whichever is earlier. The benefits vest immediately on rendering of the service by the employee. In term of Guidance Note issued by the Institute of Actuaries of India for measurement of provident fund liabilities, the Actuary has provided a valuation of provident fund liabilities and based on assumptions provided. There is no shortfall in the contribution as at March 31, 2025, and March 31, 2024.

The detail of contributions made by the Company to the respective fund are given as below:

3. Other Long-Term Employee Benefits

The expenses towards compensated absence (annual leave and sick leave) for the period ended March 31,2025 based on Actuarial Valuation carried out by using the "Project Unit Credit Method "is ^27.62 Lakhs (Prev Year ^27.80 Lakhs).

NOTE: 39 INFORMATION ON RELATED PARTY TRANSACTIONS AS REQUIRED BYIND AS - 24 - "RELATED PARTY DISCLOSURE" FOR THE YEAR ENDED MARCH 31, 2025.

Related parties as defined under clause 9 of the Ind AS - 24, "Related Party Disclosure" have been identified on the basis of written representations made by the Company''s management and information available with the Company. The Company''s material related party transactions and outstanding balances with whom the Company had entered into the transactions in the ordinary course of Business are as follows:

Terms and Conditions of the transactions with Related Parties are as under:

a) The Company has been entering into transactions with related parties for its business purposes. The process followed for entering into transactions with these related parties is same as followed for unrelated parties. Vendors are selected competitively having regard to strict adherence to quality, timely servicing and cost advantage. Further related party vendors provide additional advantage in terms of:

i) Supplying products primarily to the Company.

ii) Advanced and innovative technologies.

iii) Customization of products to suit the Company''s specific performance.

iv) Enhancement of the Company''s purchase cycle and assurance of just-in-time supply with resultants benefits - notably on working capital.

b) The purchases from and sales to related parties are made on terms equivalent to and those applicable to all

NOTE: 40 ADDITIONAL REGULATORY INFORMATION AS REQUIRED BY THE SCHEDULE - III OF THE COMPANIES ACT-2013"

i) The Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken as at the balance sheet date. The Company has not defaulted in the repayment of principal and interest thereon on all the loans obtained from banks and financial institutions during the reporting period and previous reporting period.

ii) The title deed in respect of self-constructed building and title deeds of all other immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in the favor of the Company), disclosed in the financial statements and included under the head of property, plants and equipments are held in the name of the Company as at the balance sheet date. In respect of the immovable properties taken on lease by the Company, the lease agreements are duly executed in the favor of the Company as at the Balance Sheet date.

iii) There are no loans and advances in the nature of loans are granted to promoters, directors, key managerial parties and the other related parties including the subsidiaries, associates and joint ventures (as defined under the Companies Act, 2013), either severally or jointly with any other person that are:

a) repayable on demand or;

b) without specifying any terms or period of repayments.

iv) The Company does not have benami property held in its name. No proceeding have been initiated on or are pending against the Company for holding benami property under the Benami T ransactions (Prohibition) Act, 1988 (45 of 1988) and the relevant Rules made thereunder.

v) The Company has been sanctioned working capital limit from bank and financial institutions on the basis of security of current assets. The monthly / quarterly returns and the statements filed by the Company with such banks and financial institutions are in agreements with the books of accounts of the Company.

vi) The Company has not been declared as a willful defaulter by the banks and the financial institutions or other lender or government or any government authorities.

vii) The Company has not entered into any transactions with the companies struck off as per section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 2013, hence the details related to the same have not been furnished.

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

ix) The Company has neither subsidiaries nor associates and nor joint ventures, hence the requirements with respect to the number of layers as prescribed under section 2(87) of the Companies Act, 2013 read with the Companies (Restriction on number of layers) Rules, 2017 is not applicable in case of the Company.

x) Utilization of borrowed funds and share premium

1) The Company has not advanced or loaned or invested funds to any other persons or entities, including foreign entities (intermediaries) with the understanding that the intermediaries 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.

2) The Company has not received any funds from persons or entities, including foreign entities (Funding Parties) with the understanding (whether recorded in writing or otherwise) that the Company shall:

3)

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 to or on behalf of the Ultimate beneficiaries.

xi) There have been no transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the reporting period and previous reporting period in the tax assessments under the Income Tax Act, 1961.

xii) The Company has neither traded nor invested nor advanced in Crypto or Virtual Currency during the reporting period and previous reporting period.

As per Section 135 of the Companies Act, 2013, a company that meets the prescribed thresholds is required to spend at least 2% of its average net profits of the immediately preceding three financial years on Corporate Social Responsibility (CSR) activities. The areas of CSR activities, as specified under Schedule VII of the Act, include eradication of hunger and malnutrition, promoting education, healthcare, art and culture, destitute care and rehabilitation, environmental sustainability, disaster relief, and rural development projects. In compliance with the provisions of the Act, a CSR Committee has been duly constituted. The Committee is responsible for administering the allocated funds, which are transferred to a dedicated corpus for undertaking CSR activities in accordance with the prescribed guidelines.

a) In accordance with Section 135 of the Companies Act, 2013, read with Schedule VII thereof, the amount required to be spent on CSR activities during the reporting period ended March 31, 2025, is ^ NIL (Previous Year: ^ 22.67 lakhs).

b) During the reporting period ended March 31, 2025, the Company has incurred an expenditure of ^ 2.00 lakhs towards CSR activities. This amount does not pertain to any commitments carried forward from the previous reporting period (Previous Year ended March 31, 2024: ^ 37.28 lakhs). The expenditure during the current year was made voluntarily by the Company.

c) Out of the total CSR expenditure of ^ 2.00 lakhs during the current reporting period (Previous Year: ^ 2.70 lakhs), the amount was contributed to a related party. For further details, refer to "Note No. 39 - Related Party Transactions". The Company has made a commitment of ^ NIL (Previous Year: ^ NIL) towards Corporate Social Responsibility (CSR) spending to meet the requirement of spending at least 2% of the average net profit of the Company for the three immediately preceding financial years.

The Board of Directors of the Company did not declared any interim dividend during the current or previous reporting period. However, at its meeting held on May 28, 2024, the Board of Directors proposed a final dividend of ^1.00 (One Rupee Only) per equity shares of the face value of ^10 each for the financial period ended March 31, 2024. The proposal was approved by the shareholders at the Annual General Meeting (AGM) held on September 28, 2024. The total cash outflow on account of the dividend amounted to ^29.32 Lakhs.

Proposed Dividend

The Board of Directors, at their meeting held on May 30, 2025, recommended a final dividend of ^1.00 per equity share of face value ^10 each (i.e., 10% of the face value) for the financial year ended March 31, 2025. The total amount of proposed dividend is ^29.32 lakhs, which is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the Company. Accordingly, the proposed dividend has not been recognized as a liability in the financial statements for the year ended March 31, 2025, in accordance with applicable Indian Accounting Standards.

NOTE: 45 SEGMENT REPORTING

During the current and previous reporting periods, the Company operated in a single business segment, namely, Manufacturing and Trading of Yarn. Accordingly, the disclosure requirements under Indian Accounting Standard (Ind AS) 108 - "Operating Segments" are not applicable to the Company.

NOTE: 46 CONSOLIDATED FINANCIAL STATEMENTS

During the current and previous reporting periods, the Company had no subsidiaries, associates, or joint ventures. Accordingly, the requirements of Indian Accounting Standard (Ind AS) 110 - "Consolidated Financial Statements" are not applicable to the Company.

NOTE: 47 DETAILS OF HEDGED AND UNHEDGED EXPOSURES IN FOREIGN CURRENCY DENOMINATED MONETARY ITEMS

A. Exposure in Foreign Currency - Hedged

The Company has not entered into any forward exchange contracts to hedge its foreign currency exposures related to underlying transactions and firm commitments during the current and previous reporting periods. Further, the Company has not undertaken any transactions in derivative instruments for trading or speculative purposes during these periods.

B. Exposure in Foreign Currency - Unhedged

The foreign currency exposures which are not hedged, during the reporting period and previous reporting period are as under:

NOTE: 48 The Code of Social Security, 2020 (the "Code") relating to employee benefits during employment and post -employment benefits have received the Presidential assent on September 28, 2020. The Code has been published in the Official Gazette of India. However, the date on which the Code will come into effect has not been notified and the final rules / interpretation have not yet been issued. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective. Based on the preliminary assessment, the entity believes the impact of such changes will not be significant.

NOTE: 50 The Financial Statements are approved for issue by the Audit Committee at its meeting held on May 30, 2025, and by the Board of Directors on their meeting held on May 30, 2025.

NOTE: 51 Previous years audited figures has been regrouped / recasted / rearranged, wherever necessary to make them comparable for the purpose of preparation and presentation of the Financial Statements.

SIGNATURE TO THE NOTE "1" TO NOTE "50"

MATERIAL ACCOUNTING POLICIES 1

THE ACCOMPANYING NOTES ARE FORMING INTEGRAL PART OF THE FINANCIAL STATEMENTS

---

Mar 31, 2024

o} Provisions and Contingencies

The Company recognizes provisions when a present obligation (legal or constructive'' as a result of a past event exists, and it is provable that an outflow’ cf resources embcdving economic benefit: will be required tc settle such obligation and the amount of such obligation can. be reliablv estimated

If the effect of time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to tie liabilities H."hen discounting is used, the increase in the provision due to the passage cftime is recognized a: a finance cost.

A disclosure for contingent liabilities is made when there is a possible obligation or a present obligation that may. but probably will not require an outflow cf resources embodying economic benefits or the amount of such obligation cannot be measured reliably. When there is a possible obligation or a present obligation m respect of winch likelihood cf outflow of resources embodying economic benefits is remote, no prevision or disclosure is made.

A provision is recognized if. as a result of a past event, the Company ha: a present legal obligation that can be estimated reliably and it is probable shat an outflow of economic benefits wiii be required to settle the obligation. Provisions are deiermined by the best estimate of the outflow of ec onomic benefits required to settle the obligation at the reporting date. Where no reliable estimate can be made, a disclosure ts made as Contingent Liabilities

p) Exceptional Items

An Ordinary item of income or expense which by its size, nature, occurrence or incidence requires disclosure in order tc improve understanding of the performance of the Company is treated as an exceptional item m the statement of profit and loss.

qi Event after Reporting Date

Where events occurring after the balance sheet date provide evidence of conditions that existed at the end of the reporting oerioc, the impact of such, events i: adiusted within the financial statements. Otherwise, events after the balance sheet date of material size or nature are only disclosed

AH the events ojecyrnjie after die balance sheet date up tc die date of the approval of the financial statement of the Ccmpan-^- bv die board of directors on Miv 28. 2024. have been considered, disclosed and adjusted, wherever applicable. is per the requirement of Indian Accounting Standards

r) Cash Flow Statements

Cash flows statements are reported using the method set out m the Ind AS - 7. ‘Car;/! rfou Statements . whereby the net profit [loss i before tax ss adjusted for the effects of the hams action: of a non - cash nature, any deferrals or accrual of past or future operating cash receipts or payments and item of income cr expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated

sj Cash and Cash Equivalents

Cash ar.d cash equivalents include cash and cheques-in-hand, balances with banks, and demand deposits with banks where the original maturity is three months or less and other short - term highly liquid nvestments net of bam: of overdrafts which are repayable on demand as these from an integral pan of the Company''s cash management

1.5 RECENT ACCOUNTING PRONOUNCEMENT

Ministry of Corporate Affairs i "the MCA” J notifies new standards cr amendments to the -existing standards under the Companies • Indian Accounting Standard! Rules as issued from time tc time For the period March 31. 2024. ±e MCA has not notified any new standards or amendments to the existing standard: applicable tc the Company

1.6 KEY ACCOUNTING ESTIMATES AND JUDGEMENTS

The ^reparation of the Company''s financial statements is ir. conformity with the Ind AS., which requires the Company''s managements tc make judgments, estimates and assumptions that affect the application of the accounting policies and the reported amounts of the assets, liabilities, incomes, and expenses - including the contingent liabilities'', and the accompanying disclosures. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount -of assets or liabilities effected in future periods Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on a periodic basis. Revision to accounting estimate: is recognized fit the perto-d in which the estimates are revised and in any future periods affected

The key assumptions concerning the future and other key resources of estimation uncertainty at the reporting date, that have a significant risk of causing a materia! adjustment to the earr ing amount of the assets and liabilities within the next financial vear. ire described as follow

a) IiK-ome Tax The Company''s rax jurisdiction is m India Significant judgments are involved ir. estimating budgeted pre-fits for the purpose of pat mg advance tax. determining the income tax provisions, including the amount expected to be paid recovered for uncertain tax provisions [Refer ''N6t$No. IS'' .

b) Property. Riant and Equipment: Property plant and equipment represent a significant proportion of the assets base of the Company. The charge m respect of periodic depredation is derived after determining an estimate of an asset''s expected useful life ana the expected residua! value at the end of its life. The useful lives and residual values of Company assets are determined by the Company''s management at the time ±e asset: are acquired and reviewed periodically, including at each financial year end The useful lives of each of these asset: are based on the -ife prescribed in Schedule 11 to the Companies .Act. 2013 or based on the technical estimate: taken into the account the nature of the assets, estimated usage, expected residual values and operating condition: of the assets. The useful live: are based on liistcrical experience with the similar assets a: well a: anticipation of future events, which m- impact their life, such as change: in technical or commercial obsolescence arising from changes or improvements lu production or from e change in market demand of the product or service output of the assets.

c) Defiiied Benefits Obligations: The costs of providing gratuity and other pcii-e-aiployiiieirt benefits are charged to the statement of crofi: and joss in accordance wtth bid AS - 19 ''Empbives Banejiis¹ over rise period during which benefit is derived from the employee:'' ser.rces. It it- determined by using the actuarial vallaation and assessed cm the bails cf a-iauinphoai selected by the Company''s management. An actuarial valuation involves malting various assumptions that may differ frcm actual developments in the future These assumption!, include s alar.^- escalation rate, discount rates, expected rate of return on assets and mortality'' rates. The -same is disc lea ed in "Tots Xo. 3S'' "Employes Barisfii: . Due to ccmplexities involved m the valuation and its tang-term fin nature, a defined benefit obligation is highly sensitive tc change in these assumptions All assumptions are reviewed at each balance sheet date by the Company''s Management.

d) Fair ''''ohif gieagprenieDts Fmaactaj jngjrgniei v "’"hen the fair values of financial asset-: ana financial liabilities recorded in the balance sheet cannot be measured based on quoted prices in active markets, their fair value is measured using ¦''il (nation techniques, including the discounted cashflow model. which involves ¦¦arious :udgments and assumptions. The input to these models is taken from observable market;- wherever possible, where this is not feasible, a degree of judgment is required m establishing fair value. Judgements include considerations of inputs such as liquidity risk, credit risk and volatility Changes m assumptions about obese factors could affect the reported fair value efthe financial instruments

e) Recoverability c-f Trade Receivables: Judgment ts required in assessing the recoverability of overdue trade receivables and determining whether a provision is against those receivables is required. Factors considered include the credit rating of the counterparty, the amount and timing of anticipated future payments and any possible actions that can he taken tc mitigate the risk of non-payments

0 Provisions and Contingent Liabilities. The Company⁷: management estimate: the provision that have present obligation a: a result of past events, and it is probable that outflow of resources will be required to settle the obligation. These previsions are re^- levied at the end cf each reporting penod and are adjusted to reflect the current best estimates.

The Company uses significant judgements to assess contingent liabilities Contingent liabilities are disclosed when, there is possible obligation arising from past fents. the existence cf which will be confirmed only by the occurrence or non-occurrence of one ar mere uncertain future events not wholly within the controls of the Company or a present obligation thac arises frem past events where it is either not probable that an outflow of resources will be required to settle the obligation or a reliable estimate erf the amount can not be made. Contingent assets are neither recognized nor disclosed m the financial statements

“) Impairment of Financial and >''on - financial Assets: The impairment provision of financial assets is based on the assumption; about the risk of default and expected cash loss rates The Company uses judgment m making these assumptions and selecting the inputs to tire impairment calculation, based on the Cooipanv'' : hi story, existing market conditions a: well as forward looking estimates at the er.d of the reporting -period.

In case of nan-financial assets, the Company estimates asset''s recoverable amount, this is higher of an assets or cash generating units (CGU) fair value less the cost of disposal and the value-in-use In assessing the value-inuse. the estimated future cash flows are discounted using the pre-tax discount rate that reflects current market assessments of the time value of money and the risk specific tc tiie assets. In determining the fair value less cost of disposal, recent market transactions are taken into account, if no such transactions can be identified, an appropriate valuation model is being used

h) Recognition of Deferred Tax Asset: and Liabilities: Deferred tax assets and liabilities are recognized for deductible temporary differences and unused tax losses or unused tax credit for which there is probability cf utilization against the future taxable profit: The Company uses rudgments to determine :he amount of deferred tax that can be recognized, based upon the likely timing and the level cf future taxable profits and business developments.

“ .NOTEX O_r- J4 A" -FAIR VALUE MEASURE MUSTS

(i) Financial IniEi''umeiiES measured at Fair Value Lhrpngli Other Clomp re he nsn ? Income

The Company neither Jioid am. quoted or H"ed debentures or bond: no: holds quoted equity instruments. ivhteh are being measured a: fair value through other aunpiefienaive income (FVTOCT¹ so the requirement In report us; her the Inc AS - 1''1''A '' Fsjj Value" is not applicable :c the Company for all rente rimajieTiodE presenta(l m rise nr:an;:il einsemems.

iiil Financial lustrum cuts measured at Fair Value through Profit or Loss

The Company neither bold any unquoted equip, share: .other man nrcestmenfe in associate?, tvJnoii fcre hems measured at anojcmzed rests ¦ j:or holds quoted mutual muds. which are ireing measured at fair value through profit or.i loss (FVTPL ¦ so the reporting unde: the rod .AS - li''9 "Fun Value'' is not applicable to rite Company :’e: all reporting periods presented in tite

financial statements

Tiie Company lias opt any financial liabilities which are being measured at on value through profit or loss iFVTPL}, so the reporting under the Ind AS - I OR "Fa:: Value is no: applicable to the Company in respect of ail repertztg periods preserved m financial statements.

(in) Financial in: numnift Ri£_a jur etl atAnioi tized Costs

The carrying amount of fiuanaaJ assets aad financial [Labilities measured a: amortized costs m the financial statements are a reasonable approximation of the sir value since the Company doe:- cot anticicate that :he cair-mg amounts weald be significantly (fiflferent from ±e values that would eventually be received or sendee

"NOTE NO, - MB" - FINANCIAL TUSK MANAGEMENT - OBJECTIVES ANDPOLICIES

The Compands principal financial assets mainly comprise of security deposits, cash are cash equivalents. other balances vath banks. trade and other receivable a that derate directly from its business operations The Company''s financial [labilities mainly temcrise the horrowinss in Indian .imrenc- . retention money. trade na-.aides and other eatables. The mail, purpose at these financial Liabilities isVc nnan.ee the Company''s business operations sndtc pro¹ ide guarantees to support its operations The Comaarv is esnosed to [Market Risk. Credit Risk end Liquidity Rii from its financial instruments Tne Board af Directors "the Board": oversees ''he management of these financial risks. The r:si: management policy of the Company formulated by he Company''?: management and approved by the Board of Director''s, which states the Company''s approached tc- address uncertainties in Us endeavor to achieve its stated and. implicit objectives. It prescribes the redes and responsibilities and the Company''s management;, the structure for managing the risk and the framework for risk managemenr.. Tne framework seeks to identify, assess and mitigate the financial nsks in order to minimize potentrai adverse effects on the Company''s financial performance The Board has taken necessary actions tc mitigate the neks identified on the basis the information and situation presents

The folio¹-mg disclosures summarize the Compan; ''s exposure to financial risks and the mfbimation regarding the use of derivatives anpioyed io manage the exposure to such risks Quantitative sensitivity analvsii has been pro-"idea to refiert the impact of reasonably possible changes m market rate t''n financial results, cash flows and financial positions- of the Company.

1) Market Risk

Market risk is the risk that the fair value of future cash flows of financial instruments will fluctuate because of changes m the market prices. Market risk comprises fhree types of Risks ''Inteteit rare rirfc Currenn risk and Oiks? price risk'' Financial instruments affected by the market risk include loans and borrowings m dome-sne currency deposits, retention money. made and other pa''- abie-: and trade receivable?.

a) Interest Rate Risk

Interest rate risk is the risk that fair value ei future cash outflows of a financial instrument mil fiuotuate because of changes in the market interest rates. .Ac upward movement ie the nuerest rate would adversely afrsc: the borrowing costs of the Compart}¹ The Comp anv j; exuosed to long-term and short-renn borrowings. The Comp an^-1 manages interest rate riek by momtorms. its m:z of fixed and floating rate instruments and taking miens as accessary to main:aim an appropriate balance. The Company has not used any interest rate derivatives.

arising mainly ficm investments in quoted eutiirv mstnnnsHib recognized ai± VTOCL if am As at March 31. 20 2-. the cair. mg ¦¦aJne of such quoted equity Liisimmeziis recognized a: FYTOCI amounts to? 22lL Msickf 1.2023 7ML ¦

2) Credit Risk

Credit nsk refer: to the risk tfcal die counter parties ¦''.iil default on i±E tcntractual obligations resulting m financial losses to the Chirp any Credit list arises prunsnly from financial assets such as trade rece varies. Efther balances ’.rath banks and other financial assets with che C oospany.

The Comp arnicas adopted a policy of only dealing troth ccuiszEr parses the; have sufSpiently high credit rating. 3he Company''s exposure and credit ratings of its comer pine: are contmiioiislv monitored and the aggregate '' aine of transa^fiocs is reasonably spread amongst the ocLEtet parties.

Credit risk arising from term deposits and other balances rvrth bants is bunted and there is no collateral heid against tltese because the counteraaitiej are bants and recognized financial lEstttiitioBS with high credit rating assigned by the international credit rating agencies

The average credit period on sale of products ranges from 15 to ifi days. Credit risk arising from trade receivable is managed in accordance wifii the Company¹: established policy procedures and centre! relating to customer oredit risk management Credit quality of a customer is assessed based on detailed study ef credit worthiness and accordingly individual oiedit bunts are defined modified. The concentration on oredit risk ll- limited sue to the tael that the customer base is large. Titere i-s r.o customer representing more than 10% of total balance of its trade receivables. For trade receivables, as a practical expedient, the Company computes ctedu bss allowance based on provision matrix. The provision mams is prepared on historically observed de-fan!: rate ever the expected hie of trade receivable and is adjusted for forward-looking estimate The pronmin mimx at the end of reporting period as follows:

3) liquidity Risk

Liquidity risk l-j the risk that the Company viil encounter difficulty m raising the fim-di ie met: ±e commitment: associated with financial instruments that are settled by delivering ca:h or another financial asset. Liquidity risk may result from an inability to :el! a financial asset quickly at c!ose ta its fan value.

The Company has an established Liquidity risk managements frame work for managing its short-term, medium-term and long-term finiding and liquidity management requirements. The Company''s exposure ta liquidity risk arises prim aril;, from mismatches of maturities of financial asset: and liabilities The C oznpan; manages the liquidity risi: by maimair.ing adequate funds m the cash and cash equivalents. The Cpmpanv also ha: adecuate :red:t facilities agreed with banks lo ensure that there is sufficient cash to meet all its norms! operating tcmmicnects hi a timely and cost-effective manner

The Company believes that, its liquidity positions {As at March 31, CM- Lakhs Prev "fear ? Lakhs;.. anticipated

future internally generated funds from operations, and its fully available revolving uncravn credit facilities, mil enable it to meet its future known obligations in the ordinary course of business. However, if liquidity needs were to arise, the Company believes it

"NOTES - J-IC" - CAPITAL MANAGLMENT

Trie Cqfejp airimfeertit o''ai ebu l;C ip luiL''l Igjra e eiu nutfr amev.Trb.Tiii chi l uctjerp nine iir.tbe tbl ioivni rguid ihgpnpcipJe

i Maintain the fv.arr-.il strength :: eijL-''iie BBE- stable rating; dciaerj cadly and investment grade ranur; mtsnunenallp"

b) Ensure none La; fiesibility and dfr^ifr riie Lource of fzjanring ana their matnntiss ¦; minimize bquidiiy nst fliile meeting its imrestment iBauiiemsits.

;'' Ensure suBichsE liquidity ii aval able erdie: through cast and cash ecui-''dents. SC-''esEmeats cr commfKed cied.it taeiimei to meet the need of business

i ¦ Minimi up the dnaac-e rests Mule taking intu rensideratiens nuient and mrure industr; market and economic nsics and condition;.

e Safeguard in sbiiir- ;o ocatmus sa go-nig a; a going erneem.

f: LeverageoutmoaUvincS§jerL-masmiiseshareholdersretnnisnidleraarctamingsirehgtbamdflexibilitvofhheB aisuee She et.

This framework tit adjusted ba-Led on uncterhuig macro-economic factors sffectmg business emironment fin main! maricet conditions and interest rates envircnnjer.Lt.

The Board of Directors of the Company has primary responsibilities to maintain a strong capita) base and reduce the cost of capital through a pendent management of deployed fund and leveraging m domestic and internanonui smanciai marhet sc a: to maintain investors, creditors and aiariiel confidence and to sustain future deveiocmeLit of the business

For the impose of the Conrpamr^js capital management- capifal includes issued capital and al! other eqmtv ieser''es sttnfcutabfii to the equity shareholders cf the Company The primary objective of the Company ¦¦.hen managing capital is to safe guard tts ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholders value.

As at ’-larch 51.2024. the Company has only one class of equity sfsaies and has leiv debts. Consequent to such capital structure. the:e are r.o extenmiJ" imposed capital requirements In order to maintain or achieve an optimal capital structure, the Company .allocates. its capital for distribution as dividend or remvestebents into business based on its long-term inaneia] plans.

The Company manages Its sapitai cn the Oasis of Met Debt to Equity Ratio which is Met Debt {Tomi Borrowings net of Cash and Cash Equivalents'': dttided by total equity.

: j.r Compan¹ opiates ieiLnei benefit:. ceniiet: rim for certain specified enuplo''ee; ar.ti ls payable cron the emplc-v.EE sctiLfvmz the lertatn terms md icndtrions tntiohed to them, as acpiotfiS tv the Be^l of Directors of the Come mv

(iv) Defined Benefit Post-Retirement Medical Bfeeefii Plaas (Unfunded)

The Compsnt operate: i defined beft|fiEi post-ieliiemer:''. medical benefit plea for rettem j^fecified employees a ad is pavable tip on the employee satisfy mg the cer.eiii terms and tonditions attached to them. as arme-ed bv the Braid of Directors or ike pompaav

The most recent actnanal valuation of the plea assets and the present value of defined benefits obligation were carried out 33 ai Maids 31. 2023 by KP Actuaries and Consultants. FeHosf of Institute of Actuaries of India. The present value cf defined benefits obligation and the related Current sendee cost were measured by using the Project Unit Credit Method"

The following Tables stimniarize the components of defined benefit expenses recognized m rhe 3''.mem ant o: Profit and Loss Other Ccinpreheiisv''e Income and ametint recognized it. the Balance eiier: for the respective plans

40. ADDITIONAL REGULATORY ESTORMATTOIN A5 REQUIRED BY THE SCHEDULE - HI OF THE

c ompanies ACT, mr

:¦ The Company has used the borrowing! from bahts m\-i finaascia] u&ii1nt]$f|s for the sperizc purpose for x\±iich U''-vi-j Taken as it the bilanoe sheet Lite The CmnpsEy has net defaulted in ie repayment of pimeipei and interest thereon on all the lom-s obtained hem banks end financi-::] mstittidon-s durtr.g the reporting period and previous reporting period.

ji) The title deed in rsspeor of sel:-K^,nL^;TUL^,-!jed budding and title deeoa of all alder immovable properties (cither than properties uhere die Company is the lessee arc tbs lease agreement: ire duly exeenred ir. the fiver of the Company disclosed m die rininciai statements anti mcltiGed under the head of property. plaEis md equipment ue held in the

name of ibe Company as at the balance meet date. In respect at'' fas immovable properties takes :u lease bv the Compan". ike lease agreements are dulv executed in the rh’ or at the Como an v as sl the Balance Sheer date.

iii ¦ There are no loan: and advances m the nature of loans are granted to promoters. directors, key managerial parties and the other related parties including the sub-si-diane:. associates and joint ventures (as defined unde: the Companies Act. 1013) either severally or jointly ruth any other perse:: that are:

si repayable an demand or.

b ¦ ¦¦.¦.ntho''ji ape: tr.it g any term: or period of repaymea::.

sv’i The Company does not ta"e beaanii propertyheld ld its name. IN''o proceeding have been uatnared os or are pending against the Company for holding tenann property.'' under the Benain: Transactions (Prohibition) Act. 193B (45 of I SfltBJi and the relevant Rules made thereunder.

¦¦ The Comp an v has been sanctioned working capital linait from bank: and financial institutions on the basis of secuitr

of cnirerL. assets The monthly quarter!''.'' retime? and tbe statements bled bv the Compjainy with suck banks and financial nUOtutions are m agreement: v.rtb the bocks of accounts of the Company.

vi‘i Tbe Company ha: not been declared as a willful defat: Itei by.'' the banks and die financial mitLtuaons or ether lender ¦or gcr eminent or any government autiiorities.

vn''¹ The Company has not entered into any transaction: with the companies struck off as per section 24s of the Companies Act. 20L5 or Section 550 of the Companies Act. 2015. hence die detail: related to the same have not been furnished.

^r tit ¦ The Company dee: not have an" chargee oi satisfaction of charges ¦which is ve: to be registered with the Registrar of Co tap an v bevond the si-stutorv penod.

:s''i Tbe Company has nether subsidiaries nor as sociates and nor joint ventures. hence the requirements with respect tc the tmmbei of layer: as prescribed under section 2(S" of the Companies Ace. 2015 read with tbe Companies [Restriction on number oflayeis'': Rules. 101^_ is not applicable in case of the Company.

rt Utilization of borrowed funds and share tismiom

i Tiie Comoan'' has not advanced or loaned or invested funds to set.'' other oersons ot entities, me hiding foreign entities (intermediaries; wifi: the njideraandiEg that die intermediaries shall

a) Directly or indirectly lend oi invest in other persons oi entities identified id any manner whatsoever by or on behalf of the Company (Ultimate Batefici&iej) or.

b Provide any guarantee. security ot the like to or on behalf ci the Ultimate beneficiaries

2- File Company baa not received my funds from persons or entities, iachjding foreign entities iTtmdiug Parties) with the mid er standing f whether recorded in ririfihg or otherwise that the Company shad.

a) Directly cr indirectly lend or us vest m other persons or esmtiss identified m any manner whatsoever by or on behalfo: the Funding Parly Ultimate Bettefioianes''i or:

b) Provide an" guarantee. security or the like to or on behalf of tbe Ultimate beneficiaries.

xiThere ki''e been no transactions relating to previdusiy uirreoorded htcome that have been surrendered or disclosed as income during the reporting period and previous reporting period m the tax assessments unde: the Income Tax Act. 1961. ’ ’ ''

-13. CORPORATE SOCIAL RESPONSIBILITIES

As tie: se men Iif of the Companies Act, 2''S’3. accmpanv. meeting r.s applicabilitv ikreihclii, need to spend i: least 2°; of its avarage net pitfe Tar die mimed! isely preceding three financial year; on Corporate Social ReaponsibL^, .CSF* Activities The areacfCSF. Activity ire eradicationof hunger and malrLUtiitien. promoting«tkcafiei£ art and culture, healthcare, -destitute care and rehabilitation, environment sustam ability, disaster relief and rural development projects. A CSR Committee has been fanned as per die requirements cl me Companies Act, SOlS The rand has been administrated by the ComimEee. ones it is sdbcatea to the Corpus for the purpose of CSR Activities, as prescribed under Schedule VE of tire Comparde: Ac;, 20*3

U Corporate Social ResponsibiJiUes required to be spent as per section 13.5 of the Companies Act, 2013, read v- IlIi Schedule ''.Tl thereof. the Company durLEig the reporting period March 31,2024 is ?22.6” Lakhs Prev Year ^20.61 Lakhs).

The Board of Directors c: the Ccrr.pan;. has no declared any interim dividend during the current reporting period and Breviotia reporting period The Beard of Directors, a: its meeting held on May 29. 2.023 had proposed a fir.al dividend of £1.00 (Otoe Rupee Only) per equity shares of the face value c: ? 10 each tor the financial period ended March 51. 2025. The proposal was approved by the shareholders at the Annual General Meeting (AGhl) hold on September 09. 2025 and the same has resulted a cask outflow of amounting to ? 29.52 Lakhs.

Proposed Dividend

The Board of Director''s at their meeting held oh May 2i. 2024 have recommended a payment of final dividend of 1 ! 00'' per Equity share of the Face Value e: l 10 per Equity Shane i.e. 10% of the Face Vaiue e: Equips Share tor the financial period ended at ’ larch 51. 2024. The Company has proposed ? 29.52 Lakhs as a final dividend subject to die approval of shareholders at the:: ensuing Annual General Meeting s.AGM) of me Company, hence it is not recognized as a "Liabilities" m the nnanciai statements.

4i. SEGMENT REPORTING

During the reporting period and previous reporting period. the Ccmpan" operate: oniv tmde: one segment i.e. ManufajpbinBg and Trading of Yam Hence; the requirement to report under Indian Amounting Standards 2nd AS ¦ - 10&. Operating Segment" is not applicable to the Company.

46. CONSOLIDATED FINANCIAL STATEMENTS

During the reporting pen-od and previous reporting period, the Company has neither any subsidiaries nor associates and joint

-!& The financial statements ire approved for issue by [fie audit committee at its ititerins held onlli; 25. 2024 and Jjy the Bon (f of Direct or: on tbeir meeting field on May 2S. 2u2-l.

50. Previous years audited fijpires has been leEi''aupfd.''i''etasied''j''eari''aiised wherever necessary to make them comparable for the purposenf preparation and presentatione£financial statements.

SIGN AIL EETOTHEN OLE " l''TONOTE¹¹5JF]_

SI GNTFI CANT A C € OUST ENGPOLICIES I

THEACCOS.tPANStN^OTEEAKETCBa UNGINTE GRALP.ARTOFTKEnNANCI AL STATES fENTS

ASPEROCKBEPORTOffEVENDlAEEAIlACHED

For SLAVISH V. JALV A CO. TOR AND ON BEHALF OF THE BOARD OF DIRE CODES

CLar^red .-jciiucilauiE

FESdSb: 013MMJIW

ARP FT ACSAWAL tTRENDER KEALAR AGAR AVAL SEEXLA ACAKWA1

Firmer MiniEJEig Direcoor Jt U2SiEiss Dtrectoc

Memberibip No. 175598 DIN:iB(;13314 DEC 01430256

DDES'' :-H"35BBKA<30P3;ir

GAJANAN N. CHHAWS.ARLA RRITI LAD HA

HmfiF-mTpial Officer Company Secretary

itSc A61TI9

Place: Naspur Place: Nagpur Place: Nagpur

Date: Ifrj-ISJDM Dare: May Date: SIq2S£024

---

Mar 31, 2015

Note 1. Segment Reporting

The Company is engaged in the business of manufacturing of Yarn and all other activities of the company revolve around the mam business and the Company operates in a single geography i.e. India. As per the opinion of the management, disclosure of segment information as prescribed in the Accounting Standard 17 (AS 17) "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

---

Mar 31, 2014

Note 1 Disclosures pursuant to Accounting Standard-15 "Employee Benefit"

The Company has provided for Gratuity based on actuarial valuation on the basis of projected unit credit method.

The following table summaries the components of the net benefit recognized in the profit and loss account and amounts recognized in the Balance Sheet.

Note 2 Segment Reporting

The Company is engaged in the business of manufacturing of Yarn and all other activities of the company revolve around the main business and the Company operates in a single geography i.e. India. As per the opinion of the management, disclosure of segment information as prescribed in the Accounting Standard 17 (AS 17) "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

Note 3 Related Party Disclosures

Disclosures as required under Accounting Standard (AS) 18 "Related Party Disclosures" issued by the Institute of Chartered Accountants of India are given below:

Name of the Related Party Relationship

Sri Virender Kumar Agarwal Key Managing Director

Smt Seema Agarwal Management Joint Managing Director

Sri Mayank Agarwal Personnel Executive Director

Sri Pujit Agarwal Non-Executive Director

Note 4 Significant Accounting Policies and Practices adopted by the Company are disclosed in the statement annexed to these financial statements as Annexure I.

---

Mar 31, 2013

Note 1 Earning Per Share

Disclosure for earning per share as required under "Accounting Standard (AS-20) Earning Per Share" issued by the Institute of Chartered Accountant of India.

Note 2 Defferred Tax

The company has accounted for deferred tax in accordance with the Accounting Standard - 22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

Major components of Deferred tax assets and liabilities arising on account of timing differences as on 31st March, 2013:

Note 3 Segment Reporting

The Company is engaged in the business of manufacturing of Yarn and all other activities of the company revolve around the main business and the Company operates in a single geography i.e. India. As per the opinion of the management, disclosure of segment information as prescribed in the Accounting Standard 17 (AS 17) "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable.

---

Mar 31, 2012

Note 1 Contingent Liabilities : (Figures in Rs. Lakhs)

Contingent liabilities and commitments As at As at

(to the extent not provided for) 31 March 2012 31 March 2011

(a) Dividend on Preference Shares 31.40 -

(b)Bank Guarantees 14.57 14.57 Total 45.97 14.57

Note 2 Deferred Tax :

The company has accounted for deferred tax in accordance with the Accounting Standard "22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India. Major components of Deferred tax assets and liabilities arising on account of timing differences as on 31 March, 2012:

Note 3 Disclosures pursuant to Accounting Standard-15 "Employee Benefit" :

The Company has provided for Gratuity based on actuarial valuation on the basis of projected unit credit method. The following table summarize the components of the net benefit recognized in the profit and loss account and amounts recognized in the Balance Sheet.

Note 4 Segment Reporting :

The Company is engaged in the business of manufacturing of Yarn and all other activities of the company revolve around the main business and the Company operates in a single geography i.e. India. As per the opinion of the management, disclosure of segment information as prescribed in the Accounting Standard 17 (AS 17) "Segment Reporting" issued by the Institute of Chartered Accountants of India is not applicable

Note 5 Significant Accounting Policies and Practices adopted by the Company are disclosed in the statement annexed to these financial statements as Admixture I.

---

Mar 31, 2010

1 The Company has opted for exempted route under Excise rules w.e.f 31st July, 07. Accordingly, the CENVAT benefit not availed from the said date.

2 Interest paid, payable and accrued and due to Micro and small enterprises - Nil.

3 Details of Non convertible cumulative redeemable preference shares.

4 The Companys operations predominantly comprises of only one reportable product segment i.e. Yarn as per Accounting Standard - 17 "Segment Reporting" issued by the Institute of Charterd Accountants of India.

5 Disclose in respect of rekted parties pursuant to Accounting Standard 18:

6 Paise have been rounded off to the nearest rupee.

7 Previous Years figures have been regrouped wherever necessary.

8 Additional information pursuant to provisions of Part IV of Schedule VI of the Companies Act, 1956 is furnished in Annexure"A".