2. Material Accounting Policy Information:

(i) Basis of preparation :

These standalone financial statements are prepared to comply in all material aspects with Indian Accounting Standards (Ind
AS) notified under section 133 of the Companies Act, 2013 (the Act) read with Companies (Indian Accounting Standards) Rules,
2015; and other relevant provisions of Companies Act, 2013 and the rules made thereunder. The financial statements are
prepared on accrual basis and going concern basis of accounting under historical cost convention in accordance with generally
accepted accounting principles in India and the relevant provisions of the Companies Act, 2013 including Indian Accounting
Standards notified thereunder, except for certain financial assets liabilities measured at fair value.

All assets and liabilities have been classified as current or non-current as per the group's normal operating cycle or 12 months
or other criteria as set out in the Schedule III to the Companies Act 2013. Based on the nature of its business, the group has
ascertained its operating cycle to be 12 months for the purpose of current and non-current classification of assets and
liabiliti'esThe financial statements are presented in Indian rupees rounded off to the Lakhs of rupees and decimal thereof.

(ii) Use of Estimates:

The preparation and presentation of financial statements requires the management to make estimates, judgements and
assumptions that affect the amounts of assets and liabilities reported as on the date of financial statements and the reported
amount of revenues and expenses during the reporting period. Accounting estimates could change from period to period.
Actual results could differ from these estimates. Appropriate changes in estimates are made as and when the Management
becomes aware of the changes in the circumstances surrounding the estimates. Changes in estimates are reflected in the
financial statements in the period in which the changes are made and if material, their effects are disclosed in the notes to the
financial statements.

Information about significant areas of estimation, uncertainty and critical judgements in applying accounting policies that may
have significant impact on the amounts recognized in the financial statements are as below:

• Useful lives of property, plant & equipment

• Measurement of defined benefit obligations

• Provisions & contingencies.

(iii) Property, Plant & Equipment:

All the items of property, plant & equipment are stated at historical cost net of recoverable taxes, less accumulated
depreciation and impairment loss, if any. The cost of an Property, Plant & Equipment comprises its purchase price or
construction cost, any costs directly attributable to bringing the asset into its present location and the condition necessary for it
to be capable of operating in the manner intended by the management, and also taking into account the initial estimate of any
decommissioning obligation, if any, and Borrowing Costs for the assets that necessarily take a substantial period of time to get
ready for their intended use. Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as
appropriate, only

when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item
can be measured reliably. The estimated useful lives of assets are in accordance with the Schedule II of the Companies Act,
2013. Gains or losses arising from de-recognition / disposal of a Property, Plant and Equipment are measured as the
difference between the net disposal proceeds and the carrying amount of the asset and are recognized in the Statement of
Profit and Loss when the asset is derecognized / disposed off.

(i) Depreciation / Amortization :

The company has charged depreciation on Property, Plant & Equipment on Written Down Value (WDV) method on the basis
of useful life / remaining useful life and in the manner as prescribed in, Part C, Schedule II of the Companies Act, 2013.
Depreciation on additions/ disposals during the year has been provided on pro-rata basis with reference to the nos. of days
utilized.

Depreciation on additions/ disposals during the year has been provided on pro-rata basis.

Details of useful life of an asset and its residual value estimated by the management:-

(i) Impairment of Assets :

At each balance sheet date, the company reviews the carrying amounts of its assets to determine whether there is any
indication that those assets suffered any impairment loss. If any such indication exists or when annual impairment testing for
an asset is required, the recoverable amount of the asset is estimated in order to determine the extent of impairment loss. An
impairment loss, if any, is recognised in the Statement of Profit and Loss to the extent, asset's carrying amount exceeds its
recoverable amount. The recoverable amount is higher of an asset's fair value less cost of disposal and value in use.

(ii) Leasing :

The company assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right
to control the use of an identified asset for a period of time in exchange for consideration.

Where the company is lessee

Company's leased assets comprise of lands. The company applies a single recognition and measurement approach for all
leases, except for short-term leases and leases of low-value assets. The company recognises lease liabilities to make lease
payments and right-of-use assets representing the right to use the underlying assets.

a. Right-of-use assets

The company recognises right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is
available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses,
and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease
liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less
any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the lease term and the
estimated useful lives of the assets, The right-of-use assets are also subject to impairment. Refer to the accounting
policies in section (v) Impairment of property, plant and equipment and intangible assets.

a. Lease liabilities

At the commencement date of the lease, the company recognises lease liabilities measured at the present value of lease
payments to be made over the lease term. The lease payments include fixed payments (including in substance fixed
payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts
expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase
option reasonably certain to be exercised by the company and payments of penalties for terminating the lease, if the
lease term reflects the company exercising the option to terminate. Variable lease payments that do not depend on an
index or a rate are recognised as expenses (unless they are incurred to produce inventories) in the period in which the
event or condition that triggers the payment occurs.

In calculating the present value of lease payments, the company uses its incremental borrowing rate at the lease
commencement date because the interest rate implicit in the lease is not readily determinable. After the
commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the
lease payments made. In addition, 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 (e.g., changes to future payments resulting from a change in an
index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the
underlying asset.

Short-term leases and leases of low-value assets

The Company applies the short-term lease recognition exemption to its short-term leases (i.e., those leases that have a lease
term of 12 months or less from the commencement date with no option for extension and do not contain a purchase option). It
also applies the lease of low-value assets recognition exemption to leases that are considered to be low value. Lease payments
on short-term leases and leases of low-value assets are recognised as expense on a straight-line basis over the lease term.

Company as Lessor

Leases in which the company does not transfer substantially all the risks and rewards incidental to ownership of an asset are
classified as operating leases. Rental income arising is accounted for on a straight-line basis over the lease terms and is included
in other income in the statement of profit or loss. Initial direct costs incurred in negotiating and arranging an operating lease
are added to the carrying amount of the leased asset and recognised over the lease term on the same basis as rental income.

(vi) Financial Instruments:

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

Financial Assets

Initial Recognition and Measurement

A financial asset is recognized in the balance sheet when the Company becomes party to the contractual provisions of the
instrument. At initial recognition, the company measures a financial asset taking into account transactions cost that are
directly attributable to the acquisition or issue of the financial asset.

Subsequent Measurement

a. Financial Assets measured at Amortised Cost (AC)

A Financial Asset is measured at Amortised Cost if it is held within a business model whose objective is to hold the asset in
order to collect contractual cash flows and the contractual terms of the Financial Asset give rise on specified dates to cash
flows that are solely payments of principal and interest on the principal amount outstanding.

a. Financial Assets measured at Fair Value through Other Comprehensive Income (FVTOCI)

A Financial Asset is measured at FVTOCI if it is held within a business model whose objective is achieved by both collecting
contractual cash flows and selling Financial Assets and the contractual terms of the Financial Asset give rise on specified
dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

b. Financial Assets measured at Fair Value Through Profit or Loss (FVTPL)

Financial Assets which is not classified in any of the above categories are measured at FVTPL.

• Investment in Associate

The Company has accounted for its investments in Associate at Cost of acquisition less impairment loss, if any.

• Other Equity Investments

The company measures its equity investment (other than investment forming part of interest in associate) at
amortized cost. Dividends from such investments are recognized in profit & loss as other income when the
Company's right to receive the same is established. In the opinion of the management of company, book value per
share is only the realizable value / fair value per share as on 31 March 2025, looking to the composition of the
assets of the investee company.

• Inventories

Inventories of Raw Materials and Finished Goods are stated at cost or net realisable value, whichever is lower.
Inventories of Waste & Scrap are valued at Net Realizable Value. Cost comprises all cost of purchase, cost of
conversion and other costs incurred in bringing the inventories to their present location and condition. Cost
formula used is 'First in first Out Method'. Due allowance is estimated and made for defective and obsolete items,
wherever necessary, based on the past experience of the Company.

• Trade Receivables

Trade receivables are amounts due from customers for sale of goods or services performed in the ordinary course
of business. Trade receivables are initially recognized at its transaction amount which is considered to be its fair
value and are classified as current assets as it is expected to be received within the normal operating cycle of the
business.

• Cash and Cash Equivalents

Cash and cash equivalents in the cash flow statement comprise cash at bank and in hand, and fixed deposits, that
are readily convertible to know amounts of cash and which are subject to an insignificant risk of change in value.

Cash flows are reported using the indirect method, whereby profit after tax is adjusted for the effects of
transactions of non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments
and item of income or expenses associated with investing or financing cash flows. Cash flows from operating,
investing and financing activities of the Company are segregated, accordingly.

Financial Liabilities:

• Borrowings

Borrowings are initially recorded at fair value and subsequently measured at amortized costs using effective
interest method. Transaction costs are charged to statement of profit and loss as financial expenses over the term
of borrowing.

• Trade Payables

Trade payables are amounts due to vendors for purchase of goods or services acquired in the ordinary course of
business and are classified as current liabilities to the extent it is expected to be paid within the normal operating
cycle of the business.