r) Provisions, contingent liabilities and contingent assets :

• Provisions are recognized when the Company has a present legal or constructive obligation as a result
of a past event and it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation and a reliable estimate can be made of the amount of the obligation.
Such provisions are determined based on management estimate of the amount required to settle the
obligation at the balance sheet date.

• Contingent liabilities are disclosed in respect of possible obligations that arise from past events but
their existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future
events not wholly within control of the Company. These are reviewed at each balance sheet date and
are adjusted to reflect the current management estimate.

• Contingent assets are not recognized or disclosed in the financial statements.

s) Earnings per share :

• Basis of earning per share are calculated by dividing the net profit or loss for the period attributable to
equity shareholder by the weighted average number of equity share outstanding during the period. For
the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable
to equity shareholder and the weighted average number of shares outstanding during the period are
adjusted for the effects of all dilutive equity shares.

(b) Terms & Right attached to equity shares

The company has only one class of equity shares having a face value of flO per share. Each holder of equity
share is entitled to one vote per share. In the event of liquidation, shareholder will be entitled to receive
remaining assets of the company after distribution of all preferential amount. The distribution will be in
proportion to the member of equity share held by the shareholders.

Terms of security and repayment

Secured term loan from bank aggregating S17964.34 (2024: g 10078.01 ) (including current maturities of Rs. Nil
(P.Y.Rs.Nil) classified as Current maturities of long term debt in Note 8) is secured by first charge by way of
hypothecation of plant & machinery and other movable assets and equitable mortgage of the factory lease land and
shed/building. The loan is further secured by second charge by way of hypothecation of entire current assets
including inventories and book debts/receivables. The loan is repayable in 28 quarterly instalments starting w.e.f.
June, 2026

The above term loan is further secured by Equitable mortgage of a residential house in the name of Mr. Ramesh
Kumar Agrawal, Director including personal guarantee of promoters and directors of the company including
corporate guarantee of holding company and subsidiaries of holding company.

Other Loans from bank aggregating Rs.90.08 lacs (P.Y.Rs.79.31 lacs) (including current maturities of Rs. 28.76 lacs (P.Y.
33.02 lacs) classified as Current maturities of long term debt in Note 8) are secured by hypothecation of vehicles and
specific assets.

Terms of borrowings:

Working Capital facilities from banks are repayable on demand and are secured as follows:

- First charge byway of hypothecation of entire current assets including inventories and book debts/receivables of the
Company.

- Second charge by way of hypothecation of plant & machinery and other movable assets and equitable mortgage of
factory land and shed/building of the Company.

- Equitable mortgage of a residential house in the name of Mr. Ramesh Kumar Agrawal, Director.

- Personal guarantee of Mr. Chetan Kumar Agrawal (chairman and Managing Director), Mr. Keshav Kumar Agrawal
(Joint Managing Director and Chief Financial Officer) and Mr. Ramesh Kumar Agrawal (Director).

Note-30 Employee benefits:

-Defined Contribution Plan:

The company has certain contribution plans viz. provident fund. Contributions are made to provident fund in India for
employees at the rate of 12% of basic salary as per regulations. The contributions are made to registered provident
fund administered by the government. The obligation of the Company is limited to the amount contributed and it has
no further contractual nor any constructive obligation.

-Defined Benefit Plan:

Gratuity Valuation

The Gratuity scheme is a final salary defined benefit plan that provides for a lump sum payment made on exit either by
way of retirement, death, disability or voluntary withdrawal. The benefits are defined on the basis of final salary and
the period of service and paid as lump sum at exit. Benefits provided under this plan is as per the requirement of the
Payment of Gratuity Act, 1972. The scheme has been funded with LIC. Company makes provision of such gratuity
liability in the books of accounts on the basis of Actuarial Valuation as per the Projected Unit Credit Method (PUC
Method).

Leave Encashment Valuation (Unfunded):

During the year the company has started leave encashment of the employees and accordingly the leave encashment
provision has been taken based on actuartial valuation. The Company has a defined benefit plan for leave encashment. The
principle assumptions are the Discount Rate and Salary growth Rate. The discount rate should be based upon the market
yields available on Government bonds at the accounting date with a term that matches that of the liabilities and the salary
growth rate should take account inflation seniority, promotion and other relevant factors.

(b) Counter Guarantees given against the bank guarantees issued by the companies banker aggregating to 9 146.95 lacs
(P.Y. 9 52.00 lacs).

(c) Capital Commitments:

Estimated amount of contracts remaining to be executed on capital accounts Rs. 337.12 Lacs (Previous Year !f 8672.59 Lacs).
Note-32

There are no transactions during the current and previous year for the disclosures required to be made with regard to
earnings/expenditure in foreign currency and CIF value of imports.

Note-33

During the year the company has incurred !f 34.98 lacs on account of Corporate Social Responsibility Activities. According to
provisions of section 135 of the Companies Act,2013, the company is required to spent !f 34.82 lacs based on the average net
profits/loss of the previous three years. The break-up of amount spent during the year are as follows:

Note-46

No scheme of compromise or arrangement has been proposed between the company & its members or the company & its
creditors under section 230 of the Companies Act 2013 ("The Act") and accordingly the disclosure as to whether the scheme of
compromise or arrangement has been approved or not by the competent authority in terms of provisions of sections 230 to
237 of the Act is not applicable.

Note-47

All the charges or satisfaction of which is required to be registered with Registrar of Companies(ROC) have been duly
registered within the statutory time limit provided under the provisions of Companies Act 2013 and rules made thereunder,
except in the following cases where no dues certificate from lender is pending for filing of satisfaction of charge with Registrar
of Companies.

Note-37

The Company was having fuel supply agreement (FSA) with Western Coalfields Limited (WCL) and South Eastern Coalfields
Limited (SECL) against which the Company had given bank guarantees to WCL against FSA for which fixed deposits amounting
to !f4.71 lacs has been pledged with bank. In the opinion of the management, the same is recoverable in nature.

Note-38

The company has not undertaken any transactions with companies struck off under section 248 of the Companies Act 2013 or
section 560 of Companies Act 1956 during the current year or in previous year.

Note-39

The Company has working capital facilities from banks on the basis of security of current assets & submitting quarterly
Financial Follow up Report as per the terms & conditions of sanction letters. There are no material discrepancies in the amount
of current assets between Financial Follow Report and books of account.

Note-40

None of the banks, financial institutions or other lenders from whom the company has borrowed funds has declared the
company as a willful defaulter at any time during the current year or in previous year.

Note-41

All the transactions are recorded in the books of accounts and there was no income that has been surrendered or disclosed
as income during the year in the tax assessments under the Income Tax Act, 1961. Also there was no previously unrecorded
income and related assets which has been recorded in the books of account during the year.

Note-42

No proceedings have been initiated or pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

Note-43

The company has not advanced or loaned or invested funds to any other persons or entities, including foreign entities
(intermediaries) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall 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 to or on behalf of the Ultimate Beneficiaries. Further, the
company has not received any fund from any persons or entities, including foreign entities (Funding Party) with the
understanding , whether recorded in writing or otherwise, that the company shall directly or indirectly lend or invest in 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.

Note-44

The company does not have investment in subsidiary companies and accordingly the disclosure as to whether the company
has complied with the number of layers of companies prescribed under clause (87) of section 2 of the Act read with the
Companies (Restriction on number of Layers) Rules, 2017 is not applicable.

Note-45

The company has neither traded nor invested in Crypto Currency or Virtual Currency during the financial year.

Note-48

The Company's only identifiable reportable business segment is manufacturing of steel products. Further, the Company
operates and controls its business activities within/from India. Hence disclosure of Segment-wise information is not
applicable under Accounting Standard -17 "Segment Reporting" (AS-17).

Note-49

Disclosure pursuant to Regulation 34(3) and para A of Schedule V of SEBI (LODR), Regulations, 2015 Loan and advances in the
nature of loan given to related parties:

Note-50

In the opinion of the Board, the value of realization of loans and advances and current & non current assets in the ordinary
course of business will not be less than the amount at which they are stated in the Balance Sheet.

Note-51

The Code on Social Security, 2020 ('Code') relating to employee benefits during employment and post-employment benefits
received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on
which the Code will come into effect has not been notified and the final rules/interpretation have not yet been issued. The
Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the
Code becomes effective. Based on a preliminary assessment, the entity believes the impact of the change will not be
significant.

Note-52

Previous year's figures are regrouped/rearranged wherever necessary.

As per our report of even date.

For OP Singhania & Co. "For and on behalf of the Board of Directors of

(iCAl Firm Regn. No:002172C) chaman Metallics Limited"

Chartered Accountants

Sanjay Singhania Chetan Kumar Agrawal Ramesh Kumar Agrawal

Partner Membership Chairman and Managing Director Director

No.: 076961 DIN-00748916 DIN-00748853

Place : Raipur (c.G.) Rahul Relwani Keshav Kumar Agrawal

Date : 30.05.2025 Company Secretary ^Joint Managing Director & CFO

ACS: 65101 ^{DIN: 02460958}