1.1 Basis of Preparation
Compliance with Ind AS

The Standalone Financial Statements have been prepared in accordance with Indian Accounting Standards (hereinafter referred
to as the “Ind-AS”) as notified by the Ministry of Corporate Affairs, pursuant to section 133 of the Companies Act 2013 (The
Companies (Indian Accounting Standards) Rules, 2015) and comply in all material aspects with their provisions.

Historical Cost Conventions and Fair Value

These financial statements have been prepared on a historical cost basis, except for some assets and liabilities which have been
measured at fair value, as specifically disclosed.

Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. Fair value is the
price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at
the measurement date, regardless of whether that price is directly observable or estimated using another valuation technique.
Reporting Presentation Currency

All amounts in the standalone financial statements and notes thereon have been presented in Indian Rupees (INR) (reporting
and primarily functional currency of the company) and rounded off to the nearest Lacs with two decimals, unless otherwise
stated.

1.2 Classification of Assets and Liabilities

All assets and liabilities are classified as current or non-current as per the Company's normal operating cycle and other criteria
set out in Ind-AS 1 notified under the Companies (Indian Accounting Standards) Rules, 2015. Based on the nature of products
and the time between the acquisition of assets for processing and their realization in cash and cash equivalents, twelve months
has been considered by the Company for the purpose of current/ non-current classification of assets and liabilities. However
certain liabilities such as trade payables and some accruals for employee and other operating costs are part of the working capital
used in the Company's normal operating cycle, accordingly classified as current liabilities even if they are due to be settled more
than twelve months after the reporting period.

1.3 Accounting Estimates & Judgements and key sources of estimation uncertainty

Due to the nature of the Company's operations, critical accounting estimates and judgements principally relate to the:

• Tangible fixed assets (estimate useful life);

• Intangible fixed assets (estimate useful life)

• Impairment testing (if and when applicable)

• Provision inventories (obsoleteness / lower net realizable value)

• Provision for doubtful debts

• Provision for employees' post employment benefits (actuarial assumptions)

In preparing the financial statements in conformity with the accounting principles generally accepted in India, management is
required to make estimates and assumptions that affect reported amounts of assets and liabilities and the disclosure of contingent
liabilities as at the date of the financial statements and the amounts of revenue and expenses during the reported period. Actual
results could differ from those estimates. Any revision to such estimates is recognised in the period in which the same is determined.
The management of the Company makes assumptions about the estimated useful lives, depreciation methods or residual values
of items of property, plant and equipment, based on past experience and information currently available. In addition, the management
assesses annually whether any indications of impairment of intangible assets and tangible assets. The management of the
Company believe that on balance sheet date no impairment indications were existing.

The management of the Company believe that the inventory balances on hand could be sold to the third parties at the disclosed
value taking into consideration the condition of inventories held and current conditions in the market.

Furthermore, the management believe that the net carrying amount of trade receivables is recoverable based on their past
experience in the market and their assessment of the credit worthiness of debtors at 31st March 2025. Such estimates are
inherently imprecise and there may be additional information about one or more debtors that the management are not aware of,
which could significantly affect their estimations.

The provisions for defined benefit plans have been calculated by a local (external) actuarial expert. The basic assumptions are
related to the mortality, discount rate and expected developments with regards to the salaries. Management believes that the
mortality tables used are general acceptable mortality tables the countries involved. The discount rates have been determined by
reference to market yields at the end of the reporting period based on the expected duration of the obligation. The future salary
increases have been estimated by using the expected inflation plus an additional mark-up based on historical experience and
management expectations.

1.4 Inventories

Inventories are valued item wise at the lower of cost and net realizable value. Cost is ascertained on a 'weighted average' basis.
Cost includes direct materials, labour, freight inwards, other direct cost, a proportion of manufacturing overheads based on
normal operating capacity, net of refundable duties, levies and taxes wherever applicable.

Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs of completion and
estimated costs necessary to make the sale.

Assessment of net realisable value is made at each reporting date. When the circumstances that previously caused inventories
to be written down below cost no longer exist or when there is clear evidence of an increase in net realisable value because of
changed economic circumstances, the amount so written-down is adjusted in terms of policy as stated above.

Appropriate adjustments are made to the carrying value of damaged, slow moving and obsolete inventories based on management's
current best estimate.

The cost of production (including cost of conversion) of joint products is allocated on the joint products based on rational and
consistent basis i.e. relative realisable values at the separation point, when the products become separately identifiable.

1.5 Property, Plant and Equipment

Recognition and measurement: Property, plant and equipment are measured at cost less accumulated depreciation and impairment
losses, if any.

Expenditure during construction / erection period is included under capital work-in-progress and is allocated to the respective
property, plant and equipment on completion of construction / erection

1.6 Intangible Assets

Intangible Assets are stated at cost less accumulated amortization.

1.7 Impairment of Assets

Fixed Assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an
asset may not be recoverable. Whenever the carrying amount of an asset exceeds its recoverable amount, an impairment loss
is recognized in the books for the item of fixed assets carried at cost. However in the opinion of the management, no provision is
required for impairment of asset in the current year

1.8 Depreciation

i) Depreciation on property, plant and equipment: Depreciation on fixed assets has been provided on W.D.V. Method at the
rates and in the manner specified in schedule II of the Companies Act, 2013. The details of estimated life for each category
of asset are as under:

The cost and related accumulated depreciation are eliminated from the financial statements, upon sale and disposition of the
assets and the resultant gains or losses are recognized in the statement of profit and loss.

1.9 Investments and other financial assets

Financial assets are initially measured on trade date at fair value, plus transaction costs. All recognized financial assets are
subsequently measured in their entirety at either amortized cost or at fair value.

(a) Classification

The Investments and other financial assets has been classified as per Company's business model for managing the financial
assets and the contractual terms of the cash flows.

(b) Measurement

For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income. For
investments in debt instruments, this will depend on the business model in which the investment is held. For investments in equity
instruments, this will depend on whether the Company has made an irrevocable election at the time of initial recognition to
account for the equity investment at fair value through other comprehensive income.

(b.1) Debt Instruments

Subsequent measurement of debt instruments depends on the Company's business model for managing the asset and the cash
flow characteristics of the asset. There are three measurement categories into which the Company's classifies its debt instruments:
Amortised Cost:

Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and
interest are measured at amortised cost. A gain or loss on a debt investment that is subsequently measured at amortised cost is
recognised in profit or loss when the asset is derecognised or impaired. Interest income from these financial assets is included in
profit and loss using the effective interest rate method.

Fair value through other comprehensive income (FVOCI):

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

Fair value through profit or loss:

Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through profit or loss. A gain or loss
on a debt investment that is subsequently measured at fair value through profit or loss is recognised in profit or loss and presented
net in the statement of profit and loss within other gains/(losses) in the period in which it arises.

(b.2) Equity/Mutual Fund instruments

The Company subsequently measures all equity investments at fair value. Where the Company's management has elected to
present fair value gains and losses on equity investments in other comprehensive income, there is no subsequent reclassification
of fair value gains and losses to profit or loss. Dividends from such investments are recognised in profit or loss when the
Company's right to receive payments is established.

Changes in the fair value of financial assets at fair value through profit or loss are recognised in other gain/ (losses) in the
statement of profit and loss. Impairment losses (and reversal of impairment losses) on equity investments measured at FVOCI
are not reported separately from other changes in fair value.

• Investment in equity shares of subsidiaries, Partnership Firm and associates: On the transition date, the Company has
opted to carry investments in Equity shares of subsidiaries and associates at their deemed cost, i.e. previous GAAP carrying
amount.

(c) Impairment of financial assets

The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised cost
and FVOCI debt instruments. The impairment methodology applied depends on whether there has been a significant increase in
credit risk. Note 28 details how the Company determines whether there has been a significant increase in credit risk.

For trade receivables, the company applies the simplified approach permitted by Ind AS 109 Financial Instruments, which requires
expected lifetime losses to be recognised from initial recognition of the receivables.

1.10 Cash and Cash Equivalents

Cash and cash equivalents comprise cash at bank and in hand, short-term deposits and highly liquid investments with an original
maturity of three months or less which are readily convertible in cash and subject to insignificant risk of change in value.

For the purposes of the Statement of Cash Flow, cash and cash equivalents is as defined above, net of outstanding bank
overdrafts. In the balance sheet, bank overdrafts are shown within borrowings in current liabilities.

1.11 Trade Receivables

Trade receivables are amounts due from customers for goods sold in the ordinary course of business. If collection is expect to be
collected within a period of 12 months or less from the reporting date, they are classified as current assets otherwise as non¬
current assets.

Trade receivables are measured at their transaction price unless it contains a significant financing component. Loss allowance
for expected life time credit loss is recognized on initial recognition.

1.12 Borrowings

Borrowings are recognized initially at fair value, less attributable transaction costs. Subsequent to initial recognition, interest¬
bearing borrowings are stated at amortized cost with any difference between cost and redemption value being recognized in the
statement of profit or loss over the period of the borrowings using the effective interest method.

1.13 Employee Benefits

(i) Short Term Employee Benefits

All employee benefits payable within twelve months of rendering the service are classified as short term employee benefits.
Benefits such as salaries, wages etc. and the expected cost of bonus, ex-gratia, incentives are recognized in the period during
which the employee renders the related service.

(ii) Post-Employment Benefits

(a) Defined Contribution Plans

State Government Provident Fund Scheme is a defined contribution plan. The contribution paid/payable under the scheme is
recognized in the profit & loss account during the period during which the employee renders the related service.

(b) Defined Benefit Plans
Gratuity

The Company has an obligation towards gratuity, a defined benefit retirement plan covering eligible employee's. The plan provides
for a lump -sum payment to vested employee's at retirement, dealth while in employment or on termination of employment of an
amount equivalent to 15 days salary payable for each completed year of service. Vesting occurs upon completion of five years of
service. The company has obtained group gratuity policy with Life Insurance Corporation. The Company accounts for the liability
for gratuity benefits payable in future based on an independent actuarial valuation, carried our as at the year end.

(c) The obligation for leave encashment is provided for and paid on yearly basis.

1.14 Derivative Financial Instruments

The Company uses derivative financial instruments i.e. Forward Contracts to hedge its risks associated with foreign exchange
fluctuations. These derivative financial instruments are used as risk management tools only and not for speculative purposes.
The fair values of these derivative financial instruments are recognized as assets or liabilities at the balance sheet date and gain/
loss is recognised in statement of profit and loss.

1.15 Revenue Recognition

Revenue is measured at the fair value of the consideration received or receivable. Amounts disclosed as revenue are inclusive
of excise duty and net of returns, trade allowances, rebates, and value added taxes.

1.16 Other Income

Interest income from a financial asset is recognised when it is probable that the economic benefits will flow to the Company and
the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to the principal
outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts
through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income is recognized in the income statement on the date the entity's right to receive payments is established.
Company has elected to present gains or losses arising from fair value adjustments of financial instruments, gains or losses on
disposal of property, plant and equipment, gain or losses from disposal/redemption of investments and regular foreign currency
transactions and translations as a separate line item “other gains/(losses) - net” on the face of the statement of profit and loss as
permitted in para 85 of Ind AS 1.

1.17 Export Benefits

Export incentives in the form of Duty Draw back benefit/MEIS License is accounted for on accrual basis and treated as income
from operations.

1.18 Income Taxes

The income tax expense is the tax payable on the current period's taxable income based on the applicable income tax rate
adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.

Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantially enacted at the
balance sheet date, and any adjustment to tax payable in respect of previous years. Deferred tax is provided using the balance
sheet liability method, providing for temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the amounts used for taxation purposes. The amount of deferred tax provided is based on the expected
manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates enacted or substantially
enacted at the balance sheet date.

Deferred tax assets are recognised for all deductible temporary differences and unused tax losses only if it is probable that future
taxable amounts will be available to utilise those temporary differences and losses.

Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity/Mutual Funds. In this case, the tax is also recognised in other comprehensive income or directly in
equity, respectively.

1.19 Foreign currency transactions and translation

The functional currency of the company is Indian rupee. Foreign currency transactions are recorded at exchange rates prevailing
on the date of transaction. Monetary assets and liabilities in foreign currencies as at the Balance Sheet date are translated at
exchange rate prevailing at the year end. Exchange differences arising on actual payments / realisations and year end translations
including on forward contracts are dealt with in Profit and Loss.

1.20 Borrowing Costs

General and specific borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying
asset are capitalised during the period of time that is required to complete and prepare the asset for its intended use or sale.
Qualifying assets are assets that necessarily take a substantial period of time to get ready for their intended use or sale. Transaction
cost in respect of long-term borrowings are amortised over the tenure of respective loans using effective interest method. All
other borrowing costs are recognised in the statement of profit and loss in the period in which they are incurred. Investment
income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted
from the borrowing costs eligible for capitalisation.

Other borrowing costs are expensed in the period in which they are incurred.

1.21 Leases

Company as a lessee

The Company recognizes a Right-of Use (RoU) asset at cost and corresponding lease liability, except for leases with term of less
than twelve months (short term) and low-value assets in accordance with Ind AS 116 'Leases'. The Company assesses whether
a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control
the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right
to control the use of an identified asset, the Company assesses whether:

a. the contract involves the use of an identified asset

b. the Company has substantially all of the economic benefits from use of the asset through the period of the lease and the
Company has the right to direct the use of the asset.

The cost of the right-of-use assets comprises the amount of the initial measurement of the lease liability, any lease payments
made at or before the inception date of the lease plus any initial direct costs etc. Subsequently, the right-of-use asset is measured
at cost less any accumulated depreciation and accumulated impairment losses, if any. The right-of-use asset is depreciated
using the straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use assets.
The estimated useful life of the right-of-use assets are determined on the same basis as those of property, plant and equipment.
Right of use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying
amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value
less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows
that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash
Generating Unit (CGU) to which the asset belongs. For lease liabilities at the commencement date, the Company measures the
lease liability at the present value of the lease payments that are not paid at that date. The lease payments are discounted using
the interest rate implicit in the lease, if that rate is readily determined, if that rate is not readily determined, the lease payments are
discounted using the incremental borrowing rate. For short-term and low value leases, the Company recognizes the lease
payments as an operating expense on a straight-line basis over the lease term. The carrying amount of lease liabilities is
remeasured if there is a modification, a change in the lease term, a change in the lease payments or a change in the assessment
of an option to purchase the underlying asset. Certain lease arrangements include the options to extend or terminate the lease
before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they
will be exercised. The Company has used a single discount rate to a portfolio of leases with similar characteristics.

Company as a lessor

At the inception of the lease the Company classifies each of its leases as either an operating lease or a finance lease. The
Company recognises lease income as and when due as per terms of agreements. The respective leased assets are included in
the financial statements based on their nature. The Company did not need to make any adjustments to the accounting for assets
held as lessor as a result of adopting the new leasing standard