u) 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 probable that
an outflow of resources embodying economic
benefits will be required to settle such obligation
and the amount of such obligation can be reliably
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 the liability. When discounting is used,
the increase in the provision due to the passage of
time is recognized as a finance cost.

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

A provision is recognized if, as a result of a past
event, the Company has a present legal obligation

that can be estimated reliably, and it is probable
that an outflow of economic benefits will be
required to settle the obligation. Provisions are
determined by the best estimate of the outflow of
economic benefits required to settle the
obligation at the reporting date. Where no reliable
estimate can be made, a disclosure is made as
Contingent Liability.

In the rare cases, when a liability cannot be
measured reliably, it is classified as Contingent
Liability. The Company does not recognize a
Contingent Liability but disclosed its existence in
the financial statements.

v) Event after Reporting Date:

Where events occurring after the Balance Sheet
date provide evidence of condition that existed at
the end of reporting period, the impact of such
events is adjusted within the financial statements.
Otherwise, events after the Balance Sheet date of
material size or nature are only disclosed.

All the events occurring after the Balance Sheet
date up to the date of the approval of the
standalone financial statement of the Company
by the board of directors on May 16, 2026, have
been considered, disclosed and adjusted,
wherever applicable, as per the requirement of
Indian Accounting Standards.

w) Non - Current Assets Held for Sales:

The Company classifies non - current assets as
held for sale if their carrying amount will be
recovered principally through a sale rather than
through continuing use of the assets and action
required to complete such sale indicate that it is
unlikely that significant changes to the plan to sell
will be made or that the decision will be
withdrawn. Also, such assets are classified as
held for sale only if the management expects to
complete the sale within one year from the date of
classification.

Non - current assets classified as held for sale are
measured at the lower of their carrying amount
and the fair value less cost to the sell. Non -
current assets are not Depreciated or Amortized.

x) Cash Flow Statements:

Cash Flows Statements are reported using the
method set out in the Indian Accounting Standard
- 7, “Cash Flow Statements”, whereby the Net
Profit / (Loss) before tax is adjusted for the effects
of the transactions of a non-cash nature, any
deferrals or accrual of past or future operating
cash receipts or payments and item of income or
expenses associated with investing or financing
cash flows. The cash flows from operating,
investing and financing activities of the Company
are segregated.

y) Cash and Cash Equivalents:

Cash and Cash Equivalents include Cash and
Cheques in Hand, Balances with Banks, and
demand deposits with Banks and other Short term
highly liquid investments where the original
maturity is less than three months or less.

3. Recent Accounting Pronouncement:

Ministry of Corporate Affairs (“MCA”) notifies new
standards or amendments to the existing standards
under Companies (Indian Accounting Standards) Rules
as issued from time to time. On August 13, 2025, MCA
amended the Companies (Indian Accounting
Standards) Second Amendment Rules, 2025, as below:

Ind AS 1 - Presentation of Financial Statements:

The amendment refines the requirements for
classification of liabilities as current or non-current,
particularly in cases where the entity’s right to defer
settlement is subject to compliance with covenants. It
clarifies that the classification of liabilities shall be
based on rights existing at the reporting date and not on
management’s expectations or intentions. The
Company has evaluated the amendment and the
impact of the amendment is not expected to be
significant to its standalone financial statements.

Ind AS 7 - Statement of Cash Flows and Ind AS 107 -
Financial Instruments: Disclosures:

The amendments introduce additional disclosure
requirements for supplier finance arrangements (also
referred to as supply chain finance arrangements) to
enhance transparency about the entity’s exposure to
liquidity risks arising from such arrangements. The
Company has evaluated the amendment and the
impact of the amendment is not expected to be
significant to its standalone financial statements.

Ind AS 12 - Income Taxes:

The amendment incorporates certain exceptions
relating to the recognition and disclosure of deferred
tax arising from the implementation of the OECD Pillar
Two model rules. The Company has evaluated the
amendment and the impact of the amendment is not
expected to be significant to its standalone financial
statements.