ⁿThe Company bought back 2,37,860 equity shares for an aggregate amount of ' 26,16,46,000 being 8% of the
total paid up equity share capital at ' 1,100 per equity share. The equity shares bought back were extinguished
on June 10, 2023.

*The Board of Directors in their meeting held on May 31, 2024 approved resolution for issue of Bonus equity
shares in the ratio of 1:8, 8 (Eight) new equity share of ' 10/- each for every 1 (One) existing fully paid-up shares
of ' 10/- each to existing shareholders of the company which was subsequently approved by Members of
Company in the Extraordinary General Meeting held on May 31, 2024.

b) For the period of five years immediately preceding the balance sheet date March 31, 2025

- Aggregate number and class of shares alloted as fully paid up pursuant to contract(s) without payment
being received in cash: Nil

- Aggregate number and class of shares allotted as fully paid up by way of bonus shares: 2,18,73,600 Equity
Shares of ' 10 each

- Aggregate number and class of shares bought back: 2,37,860 Equity Shares of ' 10 each

Nature and purpose of each reserve:

i) Capital Reserve: During amalgamation/merger/acquisition, the excess of net assets taken, over the
consideration paid, if any, is treated as capital reserve.

ii) Securities Premium Reserve: The amount received in excess of face value of the equity shares is recognised
in Securities Premium Reserve. In case of equity-settled share based payment transactions, the difference
between fair value on grant date and nominal value of share is accounted as securities premium reserve.
This reserve is utilised in accordance with the provisions of the Companies Act 2013.

iii) General Reserve: The reserve arises on transfer portion of the net profit pursuant to the earlier provisions
of Companies Act 1956. Mandatory transfer to general reserve is not required under the Companies Act
2013.

Note on Borrowings

i) Working Capital loan from State Bank of India (GECL- 39538929534)

Guranteed Emergency Credit Line loan limit of ' 24.25 Million sanctioned on 01 July, 2020 at fixed rate of
interest of 7.40% p.a. The Loan is repayable in monthly instalments commencing from the month following the
month of loan taken. The GECL loan is taken in the name of Mamata Machinery Limited. This loan is given for
payment of salaries/wages to the employees during COVID situation.The Loan is repayable in 4 years monthly
instalments commencing after 12 months from the date of disbursement. The Loan is repaid during the year.

ii) State Bank of India CC A/c

Cash credit facility of ' 129 Million (Include SBI SME EPC Cash credit limit of ' 100 Million) is secured by all
current assets (including stock, raw material, goods, book debts and vehicles and all other movable assets of the
borrower),present and future wherever lying, stored and kept and whether in possession of the Borrower or of
the bank of any third party whether in india or elsewhere. The Cash Credit facility is taken in the name of Mamata
Machinery Limited.The Loan is repayable on demand. The facility is closed during the year.

iii) HDFC FDOD A/c - 492320000455

Cash credit limit of ' 95.00 Million is secured by fixed deposits. The Cash Credit facility is taken in the name of
Mamata Machinery Limited.The Loan is repayable on demand. The facility is closed during the year.

42. Operating Segment

In accordance with Ind AS 108 “Operating Segments”, segment information has been given in the consolidated
Ind AS financial statements, and therefore, no separate disclosure on segment information is given in these
Financial Statements.

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

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

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

All financial assets and liabilities are categorised under a Amortised Cost, hence there are no fair value
adjustments and therefore hierarchy table not applicable.

45. Financial Risk Management

The Company has exposure to the following risks arising from financial instruments:

- Credit risk;

- Liquidity risk; and

- Market risk.

i) Credit Risk

Credit Risk is the risk that the counter party will not meet its obligation under a financial instrument or customer
contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily
trade receivables) including deposits with banks and other financial assets.

Trade Receivables

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer,
demographics of the customers, default risk of the country in which the customer operates. Credit risk is
managed through credit approvals, establishing credit limits and continously monitoring the creditworthiness
of the customer to which the Company grants credit terms in the normal course of business.

Cash and Cash Equivalents

Credit risk from balances with banks is managed by the Company's Finance department team in accordance
with the Company's policy. The limits are set to minimize the concentration of risks and therefore mitigate
financial loss through counter party's potential failure to make payments. Credit limits of all authorities are
reviewed by the management on regular basis. All balances with banks is subject to low credit risk due to good
credit ratings assigned to the Company.

The Company's maximum exposure to credit risk for the Cash & Cash Equivalents components of the balance
sheet at March 31,2025 and March 31, 2024 is the carrying amounts as illustrated in the Balance Sheet.

Other Financial Assets

Other Financial Assets are neither past over due nor impaired.

ii) Liquidity Risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become
due. The Company employees prudent liquidity risk management practices which inter alia means maintaining
sufficient cash and the availability of funding through an adequate amount of committed credit facilities. Given
the nature of the underlying businesses, the corporate finance maintains flexibility in funding by maintaining
availability under committed credit lines and this way liquidity risk is mitigated by the availability of funds to cover
future commitments. Cash flow forecasts are prepared and the utilized borrowing facilities are monitored on a
daily basis and there is adequate focus on good management practices whereby the collections are managed
efficiently. The Company while borrowing funds for large capital project, negotiates the repayment schedule
in such a manner that these match with the generation of cash on such investment. Longer term cash flow
forecasts are updated from time to time and reviewed by the Senior management of the Company.

Interest rate risk and Exposure to interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because
of changes in market interest rates. The Company's exposure to the risk of changes in market interest rates
relates primarily to the Company's long-term and short term debt obligations with floating interest rates.

Presently the borrowings of the company are subject to a floating interest regime at MCLR specified in the
respective financing agreements, which is subject to variation in rate of interest in the market. Considering
the present market scenario the Company's policy is to maximise the borrowings at MCLR based variable
interest rate.

Interest rate sensitivity

The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion
of loans and borrowings affected. With all other variables held constant, the Company's profit before tax is
affected through the impact on floating rate borrowings, as follows:

The assumed movement in basis points for the interest rate sensitivity analysis is based on the currently
observable market environment.

Foreign Currency Risk Management

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in foreign exchange rates. The Company's exposure to the risk of changes in foreign
exchange rates relates primarily to the Company's operating activities (when revenue, expense or capital
expenditure is denominated in foreign currency). Foreign currency exchange rate exposure is partly balanced
by purchasing of goods from the respective countries. The Company evaluates exchange rate exposure arising
from foreign currency transactions and follows established risk management policies.

Contract liabilities are on account of the upfront revenue received from customer (advance from customer) for
which performance obligation has not yet been completed.

The performance obligation is satisfied when control of the goods or services are transferred to the customers
based on the contractual terms. Payment terms with customers vary depending upon the contractual terms of
each contract.

47. Government Grant

The Company is entitled to government assistance on its Export incentives on fulfilment of the conditions stated
in the respective schemes. Duty credit allowed under the Remission of Duties and Taxes on Exported Products
(RoDTEP) scheme and Duty Drawback scheme are subject to realization of sale proceeds within the period
prescribed by RBI. These are of revenue in nature and the same is accounted as stated in accounting policy on
Government Grant.

Estimation of fair value: Method of Estimation

In the absence of valuation reports of Registered Valuer as defined under rule 2 of Companies (Registered
Valuer and valuation) Rules, 2017, the Company has used the government registration rates for the purpose of
determining the fair value of Land and Buildings.