1.10 Provisions:

A provision is recognised if, as a result of a past event, the Company has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation.

1.11 Tax Expenses:

The tax expenses for the period comprise current tax and deferred income tax.

A) Current Tax:

Current tax assets and liabilities are measured at the amount expected to be recovered from or
paid to the income tax authorities, based on tax rates and laws that are enacted at the balance
sheet date.

B) Deferred Tax:

Deferred tax assets are recognized to the extent it is probable that the taxable profit will be
available against which the deductible temporary difference, and the carry forward of unused tax
losses can be utilized.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the
period in which the liability is settled or the assets realized, based on tax rates (and tax laws) that
have been enacted or substantively enacted by the end of the reporting period. The carrying
amount of deferred tax liabilities and assets are reviewed at the end of each reporting period.

1.12 Contingent Liabilities:

Liabilities which are material and whose future outflow cannot be ascertained with reasonable
certainty are treated as contingent liabilities. The company does not recognize a contingent liability
but discloses its existence in the financial statements.

1.1a During the Financial year 2023-24, the company issued 68,67,920 (Sixty Eight lakhs, Sixty Seven Thousand Nine Hundred and
Twenty) equity shares (Pari Passu ranking) of Rs.10 each on 15.07.2023 by way of Bonus issue in the ratio of 8:1 to all the
shareholders holding shares as on record date. Further, the company made an Initial Public Offering and issued fresh equity of
27,62,000 (Twenty Seven Lakhs, Sixty Two Thousand) equity shares (Pari Passu ranking) of Rs. 10 each at Rs.126 per share.

1.1b Money received against share warrant

During the Financial Year 2024-25, The Company has issued 8,00,000 fully convertible warrants of Rs.1211.00 per warrant.
aggregating up to Rs. 96,88,00,000 with a right to the warrant holders to apply for and be allotted 1 fully paid-up equity share of the
Company of face value Rs.10/-, each at a premium of Rs.1201.00 per share for each Warrant.An amount equivalent to 25% of the
price of each Warrant, calculated at Rs. 24,22,00,000/- has been received and the balance 75% of the price of each Warrant shall
be payable on the exercise of the right to convert Warrants to Equity Shares of Rs.10/- each.

1.2 Terms/rights attached to equity shares

The Company has only one class of equity shares having face value of Rs. 10/- per share. Each holder of an equity share is
entitled to one vote per share. The dividend proposed by the Board of Directors, if any, is subject to the approval of the
shareholders at the ensuing Annual General Meeting. In the event of liquidation of the Company, the holders of equity shares will
be entitled to receive the remaining assets of the Company, after distribution to all secured and unsecured Creditors. The
distribution will be in proportion to the number of the equity shares held by the shareholders.

Note

No.28 Additional Disclosures

Title Deeds of all Immovable property (other than properties where the Company is the lessee and the lease agreements are duly
^a executed in favour of assessee) are held in the name of Company either as a sole-owner or joint owner.

b The Company has not revalued its Property, Plant & Equipments & Intangible Assets during the period.

c The Company has taken and granted loans to its promoters, directors, KMPs and the related parties. Refer Note 3 and 11

d The Company does not have Intangible Assets under development as on balance sheet date.

The Company do not have any proceeding that has been initiated or pending against the Company for holding any Benami property
^e under the Benami T ransactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

^ Quarterly returns or statements have been filed by the company with such banks or financial institutions from which the Company

" has borrowings on the basis of security of current assets

g The company has not been declared wilful defaulter by any bank or financial Institution or other lender.

h The Company do not have any transactions with companies struck off.

i The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies
^j (Restriction on number of Layers) Rules, 2017

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of
funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the
k understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide
any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

No funds have been received by the Company from any person(s) or entity(ies), including foreign entities (“Funding Parties”), with
the understanding, whether recorded in writing or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in
Ý other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or
provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Provisions of Section 135 of Companies Act, 2013 relating to Corporate Social Responsibility are applicable to the Company. The
ⁿ Company has spent the required amount in accordance with Section 135 of Companies Act, 2013 read with Schedule VII

o The Company has not traded or invested in crypto currency or virtual digital asset during the Financial Year.

£ There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the

Basic EPS amounts are calculated by dividing the profit/(loss) for the year attributable to equity holders of the Company by the
weighted average number of equity shares outstanding during the year. The weighted average numbers of equity shares
outstanding during the period are adjusted for events including a bonus issue.

Diluted EPS amounts are calculated by dividing the profit/(loss) attributable to equity holders of the Company by the weighted
average number of equity shares outstanding during the year plus the weighted average number of equity shares that would be
issued on conversion of all the dilutive potential equity shares into equity shares.

The company has received intimation from its vendors regarding their status under the Micro, Small and Medium Enterprises
r Development Act, 2006 during the year, and hence disclosures for corresponding previous financial year, if any, required under the
Act have not been made.

Standalone Financial Statements for the year ended March 31, 2025 have been prepared in accordance with amended Division I of
Schedule III to the Companies Act, 2013. Balances of certain assets and liabilities as at the previous year ended March 31, 2024
have been regrouped or reclassified, wherenecessary, to comply with the amended Division I of Schedule III. Such reclassifications
did not have a material impact on the financial statements.

u Contingent Liabilities not provided for

Claims not acknowledged by the company as debt: NIL

As per our Report of even date For and on behalf of the Board of Directors of

Amic Forging Limited

For K N GUTGUTIA & CO
Chartered Accountants
Firm Registration No. 304153E

Girdhari Lal Chamaria Anshul Chamaria

Managing Director Director & CFO

(DIN : 00513552) (DIN : 06586643)

CA Bharat Kumar Seta
Partner

Membership No. 053061

Place : Kolkata NEHA FATEHPURIA

Date : 30.05.2025 Company Secretary and Compliance Officer

UDIN : 25053061BMIWUB2803