K. Provisions and contingent liabilities

A provision is recognized when the Company has a present obligation as a result of past event and it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation, in respect of which a reliable estimate can be made.
Such provisions are determined based on management estimate of the amount required to settle the obligation at the Balance Sheet
date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the
Company or a present obligation that arises from past events where it is either not probable that an outflow of resources will be
required to settle the obligation or a reliable estimate of the amount cannot be made. Contingent liabilities are disclosed on the basis of
judgment of management. These are reviewed at each balance sheet date and disclosed to reflect the current management estimates.

Contingent assets are not recognised in the financial statements. A contingent asset is disclosed where an inflow of economic benefits
is probable. Contingent assets are assessed continually and, if it is virtually certain that an inflow of economic benefits will arise, the
asset and related income are recognised in the period in which the change occurs.

L. Income taxesa. Current tax

Income tax has been recognized under normal provisions of Income Tax Act, 1961 during the year. Till last year the Company was
required to to pay tax under the MAT Provisions. Deferred taxes are recognized in statement of profit and loss, except when they relate
to items that are recognized in other comprehensive income or directly in equity.

b. Deferred income taxes

Deferred income tax is recognized using the balance sheet approach. Deferred income tax assets and liabilities are recognized for
deductible and taxable temporary differences arising between the tax base of assets and liabilities and their carrying amount, except
when the deferred income tax arises from the initial recognition of an asset or liability in a transaction that is not a business
combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred income tax assets are
recognized to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and
the carry forward of unused tax credits and unused tax losses can be utilized.

The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to the extent that it is no longer
probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized.

Deferred tax assets and liabilities are measured using substantively enacted tax rates expected to apply to taxable income in the years in
which the temporary differences are expected to be received or settled. Deferred tax assets and liabilities are offset when they relate to
income taxes levied by the same taxation authority and the relevant entity intends to settle its current tax assets and liabilities on a net
basis. Deferred tax assets and liabilities are classified as non-current assets / liabilities.

c. Recognition of MAT Credit entitlement:

The credit availed under MAT is recognized as an asset only when and to the extent there is convincing evidence that the Company will
pay normal income tax during the period for which the MAT credit can be carried forward for set off against the normal tax liability.
This requires significant management judgment in determining the expected availment of the credit based on the business plans and
future cash flows ofthe Company.

M. Foreign Exchange Transactions:

a. Functional Currency

The financial statements are presented in Indian rupees, which are the functional currency of the company and the currency of the
primary economic environment in which the company operates.

b. Initial Recognition and Subsequent Measurement

Transactions in foreign currencies are initially recorded at the exchange rate prevailing on the date of transaction. Monetary assets and
liabilities denominated in foreign currencies are translated at the functional currency closing rates of exchange at the reporting date.

c. Exchange Differences

Exchange differences arising on settlement or translation of monetary items are recognized in Statement of Profit and Loss except to
the extent of exchange differences which are regarded as an adjustment to interest costs on foreign currency borrowings (including
FCNR(B) loans) that are directly attributable to the acquisition or construction of qualifying assets, are capitalized as cost of assets.

FCNR(B) Loan Treatment:

• Principal amount translated at closing exchange rate

• Exchange differences on principal recognized in profit or loss unless capitalized for qualifying assets

• Interest expense translated at average rate for the period

• Hedge accounting applied where derivative instruments are used to hedge foreign exchange risk

N. Employee benefits

i) Short term employee benefits

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

Employee benefits include short term benefits like salaries and wages which are recognized as an expense in the statement of Profit and
Loss of the year in which the related service is rendered.

A liability is recognized for the amount expected to be paid when there is a present legal or constructive obligation to pay this amount as
a result of past service provided by the employee and the obligation can be estimated reliably.

ii) Post-Employment Benefits

Defined Contribution Plans A defined contribution plan is a post-employment benefit plan under which the Company pays specified
contributions to a separate entity. The Company makes specified monthly contributions towards Provident Fund, Superannuation
Fund and Pension Scheme. The Company's contribution is recognized as an expense in the Statement of Profit and Loss during the
period in which the employee renders the related service.

Defined Benefits Plans The cost of the defined benefit plan and other post-employment benefits and the present value of such
obligation are determined using actuarial valuations. An actuarial valuation involves making various assumptions that may differ from
actual developments in the future. These include the determination of the discount rate, future salary increases, mortality rates and
future pension increases. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is
highly sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date.

iii) Provident Fund

Provident Fund contributions are made to a trust administered by the Trustees. Trust makes investments and settles member's claims.
Interest Payable to the members shall not be at a rate lower than the statutory rate. Liability is recognized for any shortfall in the plan
assets vis-a-vis actuarially determined liability ofthe fund obligation.

iv) Gratuity Plan

The company has a defined gratuity plan. Every employee who has rendered continuous service of 5 years or more is entitled to
gratuity amount of 15 days salary (15/26 last drawn basic salary plus dearness allowance) for each completed year for five year or more
subject to maximum of ? 20 lakhs on superannuation, resignation, termination, disablement or death.

The liability in respect of gratuity and other post-employment benefits is calculated using the Projected Unit Credit Method and spread
over the period during which the benefit is expected to be derived from employees' services.

Re-measurement of defined benefit plans in respect of post- employment are charged to the Other Comprehensive Income.

O. Cash and cash equivalents:

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, deposits held at call
with financial institutions, other short- term, highly liquid investments with original maturities of three months or less that are readily
convertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities in the balance sheet.

P. Earnings per share

Basic earnings per share are computed by dividing profit or loss attributable to equity shareholders of the company by the weighted
average number of equity shares outstanding during the year. The weighted average number of equity shares outstanding during the
period are adjusted for events of bonus issue; bonus element in a right issue to existing shareholders and instruments converted to
equity during the year.

For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the
weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

Q. Dividend Distribution:

Dividend distribution to the shareholders is recognized as a liability in the Company's financial statements in the period in which the
dividends are approved by the Company's shareholders.

R. Cost recognition

Costs and expenses are recognized when incurred and have been classified according to their nature. The costs of the Company are
broadly categorized in employee benefit expenses, Finance Costs, cost of raw materials consumed, depreciation and amortization
expense and other expenses. Employee benefit expenses include Salaries & wages, bonus to employees, incentives and allowances,
contributions to provident fund and other funds and staff welfare expenses. Other expenses mainly include laboratory expenses, power
& fuel expenses, Testing charges, Repairs & maintenance expenses, rent charges, professional charges, business promotion and
advertisement expenses & several other expenses. (Refer Note: 29 for details)

S. Investment Property

As per Ind AS 40 "Investment Property”, Investment property is property (land or a building—or part of a building—or both) held (by
the owner or by the lessee under a finance lease) to earn rentals or for capital appreciation or both. Therefore, an investment property
generates cash flows largely independently of the other assets held by an entity. This distinguishes investment property from owner-
occupied property. The production or supply of goods or services (or the use of property for administrative purposes) generates cash
flows that are attributable not only to property, but also to other assets used in the production or supply process.

Investment property shall be recognized as an asset when and only when: a. It is probable that the future economic benefits that are
associated with the investment property will flow to the entity; and b. The cost of the investment property can be measured reliably.

Reclassification to investment property When the use of a property changes from owner occupied to investment property, the
property is reclassified as investment property as it's carrying amount on the date ofreclassification.

As per Ind AS 40 "Investment Property", Transfers to, or from, investment property shall be made when, and only when, there is a
change in use, evidenced by: commencement of owner-occupation, for a transfer from investment property to owner-occupied
property; commencement of development with a view to sale, for a transfer from investment property to inventories; end of owner-
occupation, for a transfer from owner-occupied property to investment property; or Commencement of an operating lease to another
party, for a transfer from inventories to investment property.

However, there is no investment property in the company.

T. Segment reporting

The Company's main business is testing & analysis. There is no separate reportable segment as per Ind AS 108.

U. Exceptional items

Exceptional items refer to items of income or expense, including tax items, within the statement of profit and loss from ordinary
activities which are non recurring and are of such size, nature or incidence that their separate disclosure is considered necessary to
explain the performance ofthe Company.

V. Actuarial Valuation

The determination of company liability towards defined benefit obligation to Employees is made through Independent Actuarial
Valuation including determination of amount to be recognized in the Statement of Profit & Loss & in other Comprehensive Income
vide his valuation report dt. 20/04/2026. Such valuation depend upon assumption determined after taking into account interim,
seniority, promotions and other relevant factors such as Supply & Demand Factor in the Employment Market. Information about such
valuation is provided in notes to the Financial Statements.(refer Note 33)

W. Industry-Specific Policies

i) Sample Management

• Sample storage costs are expensed as incurred

• Sample disposal costs are provided when obligation arises

• Specialized sample preservation equipment is capitalized as PPE

ii) Certification and Accreditation Costs

• Initial certification costs are expensed as incurred

• Annual accreditation fees are recognized over the certification period

• Maintenance and renewal costs are expensed when incurred

iii) Quality Control

• Calibration costs for equipment are expensed as incurred

• Reference standards and materials are expensed

• Quality assurance program costs are expensed as incurred

iv) Environmental Compliance

• Waste disposal costs are expensed as incurred

• Environmental compliance equipment is capitalized

• Remediation costs are provided when obligations arise

X. Standards notified but not yet effective

The amendments to the standards that are notified by the Ministry of Corporate Affairs (MCA), but not yet effective, up to the date of
issuance of the Company's financial statements are disclosed below. The Company will adopt these amendments to the standards,
when they become effective. The Company has not early adopted any standard, interpretation or amendment that has been issued but is
not yet effective. Amendments to Ind AS 1 - Classification of Liabilities as Current or Non-current and Non-current Liabilities with
Covenants and Ind AS 10 Events after the Reporting Period Ind AS 10 has been amended to remove the previous treatment under
which a lender's post reporting date waiver—granted before the financial statements were approved for issue—of a breach of a
material covenant in a long term loan arrangement that occurred on or before the end of the reporting period, resulting in the liability
becoming payable on demand at the reporting date, was regarded as an adjusting event.

For annual reporting periods beginning on or after 1 April 2026, any breach of a covenant—whether material or
immaterial—occurring on or before the reporting date will, in accordance with Ind AS 1, require the related liability to be classified as
current, unless the lender has granted a waiver of the breach on or before the reporting date and has agreed not to demand repayment for
at least 12 months after the reporting date as a consequence of the breach. Such a waiver shall be treated as an adjusting event. The
amendments are effective for annual reporting periods beginning on or after 1 April 2026 retrospectively in accordance with Ind AS 8.

Terms/ Rights attached to equity shares :

The Company has only one class of shares i.e. equity shares with equal rights for dividend and repayment. Each holder of
the shares is entitled to one vote per share. Dividend on equity shares whenever proposed by the Board of Directors is
subject to the approval of the shareholders in the Annual General Meeting. In the event of liquidation of the Company, the
holders of equity shares will be entitled to receive reaming assets of the Company, after distribution of preferential
amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

State Bank of India :

Cash Credit from State Bank of India is sanctioned for Rs. 590 Lakhs and is secured by hypothecation of all book debts
and other chargeable assets (wherever situated) of the company and with a collateral security of Equitable Mortgage of
Commercial Land and Building (Laboratory) bearing Survey Number : S. No. 166, situated at Plot No C-18 and C 20,
Phase 1A, Verna Industrial Estate, Goa , admeasuring total area of 2188 Sq. Mtrs in the name of Choksi Laboratories Ltd.
Land situated at survey no 4/2/1 and 4/2/2 Village Kumedi, Tehsil Sanwer, Districh Indore in the name of Choksi
Laboratories Ltd. Commercial Land and Building (Laboratory) bearing Survey Number : 829, situated at Plot No . 829
GIDC, MAkarpura, Vadodara Gujarat dmeasuring total area of 8687 Sq. Ft in the name of Choksi Laboratories Ltd.
The said cash credit is also personally guaranteed by the directors Mr. Sunil Choksi, Mrs. Stela Choksi, Mr.Vyangesh
Choksi and DG Choksi HUF.

There are no defaults as on the Balance Sheet date in repayment of the above loans and interest thereon. The company was
not declared willful defaulter by any Bank.

All the Charges have been duly registered at the MCA portal. Also charges have been satisfied for the Loans repaid during
the year.

33. Defined Benefit Plan

Gratuity is classified as Defined Benefit Plan as company’s obligation is to provide agreed benefits, subject to minimum benefits
as subscribed by the Payment of Gratuity Act to Plan members. The Company’s net obligation is arrived by deducting Fair Value
of Plan Assets from the Present value of Defined Benefit obligation as on the date of valuation. Present Value of Defined Benefit
Obligation is calculated by projecting the benefit till the time of retirement of each active member using assumed salary
escalation rate, mortality & employee turnover rates. The expected benefit payments are then discounted back from the future
payment date to the date of valuation using assumed discounting rate.

The Company pays gratuity to the employees whoever has completed 4 years 240 days of service with the Company at the time of
resignation/retirement/superannuation. The gratuity is paid @15 days Plan Salary for every completed year of service (6 months
and above shall be considered as 1 year) as per the Payment of Gratuity Act 1972. Maximum Ceiling isRs. 20 Lacs. The Scheme
is funded through approved gratuity fund of LIC formed exclusively for gratuity payment to the employees.

As per IND AS 19 "Employee benefits", the detailed disclosures as per the Actuarial Valuation Report dated 20/04/2026 are
given below:

Ind AS 19 DisclosuresBackground

Gratuity is classified as Defined Benefit plan as enterprise's obligation is to provide agreed benefits, subject to minimum benefits
as subscribed by the Payment of Gratuity Act, to plan members. Actuarial & Investment risks are borne by the enterprise.

The Net Defined Benefit Liability/ (Asset) is the Net (Surplus)/Deficit in the plan netted off by effect of Asset Ceiling, if any. It is
arrived by deducting Fair Value of Plan Assets from the Defined Benefit Obligation as on the date of valuation.

As required under Para 67 of Ind AS 19 actuarial valuation is done using Projected Unit Credit Method. Under this method, only
benefits accrued till the date of valuation (i.e. based on service up to date of valuation) are to be considered for valuation. Present
value of Defined Benefit Obligation is calculated by projecting salaries, exits due to death, resignation and other decrements, if
any, and projects the benefit till the time of retirement of each active member using assumed rates of salary escalation, mortality &
employee turnover rates. The expected benefit payments are then discounted back from the future date of payment to the date of
valuation using the assumed discount rate.

'Service Cost' is calculated separately in respect of benefit accrued during the current period using the same method as described
above. However, instead of all accrued benefits, benefit accrued over the current reporting period is considered.

Recognition of Actuarial Gains/Losses

All the re-measurements, comprising of actuarial gains/losses on DBO & Fair value of assets, arising during the reporting period
have been recognized in full through outside of Profit & Loss account through Other Comprehensive Income.

Discount Rate

Discount Rate for this valuation is based on Government bonds having similar term to duration of liabilities. Due to lack of a deep
& secondary bond market in India, government bond yields are used to arrive at the discount rate.

Risk Posed by the Plan

Gratuity is a multiple of last drawn salary paid at the time of retirement/resignation/death. The actuarial risk i.e. unusual (typically
high) salary growth or turnover rate can increase the cost of providing the benefit. It can also alter timing of cash flows. This risk is
borne by the employer. Gratuity is paid as lump sum and hence there is no longevity risk involved.

Asset Information

The scheme is funded through an 'Approved Trust'. The Trust has taken a Policy from the Life Insurance Corporation of India
(LIC) and the management of the fund is undertaken by the LIC. We have been provided with the fund size of Rs.42.92 Lakhs as
of the valuation date.

Funding Requirements

Currently there are no minimum funding requirements in India. The investments made by the trust are regulated by the Income
Tax Act. The enterprise and the trustees should ensure compliance with the provisions of the said act.

Special Events

No consideration about any benefit improvements, curtailments & settlements during the inter-valuation period.

36. Financial Instruments

a. Capital management

The Company's objectives when managing capital is to safeguard their ability to continue as a going concern, so that they can
continue to provide returns for shareholders and benefits for other stakeholders and to maintain financial strength.

For the purpose of Company’s capital management, Capital includes Issued Equity share capital and other equity. Gearing Ratio
is ratio of Net debts (total borrowings (long term as well as short term) (net of cash & cash equivalents) divided by total equity
capital. Accordingly, the Company has calculated gearing ratio which is as follows:

b. Financial risk management objective and policies:

This section gives an overview of the significance of financial instruments for the Company and provides additional information
on the balance sheet. Details of material accounting policies & other accounting policies including the criteria for recognition, the
basis of measurement and the basis on which income and expenses are recognized, in respect of each class of financial asset and
financial liability are disclosed in Note No. 1

Financial assets and liabilities: The accounting classification of each category of financial instruments, and their carrying
amounts, are set out below:

c. Financial Risk Management:

The Company’s activities expose it to a variety of financial risks, including market risk, credit risk and liquidity risk.

The Company’s risk management assessment and policies and processes are established to identify and analyse the risks faced by
the Company, to set appropriate risk limits and controls, and to monitor such risks and compliance with the same.

Risk assessment and management policies and processes are reviewed regularly to reflect changes in market conditions and the
Company’s activities for the year ended March 31,2026.

Financial risk

The Company’s Board of Directors approves financial risk policies comprising liquidity, foreign currency, interest rate and
counter-party credit risk. The Company does not engage in the speculative treasury activity but seeks to manage risk and optimize
interest through proven financial instruments.

a. Credit risk

Credit risk is the risk that a customer or counter-party to a financial instrument fails to meet its contractual obligations causing
financial loss to the company.

Credit risk arises mainly from the outstanding receivables from customers.

Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the creditworthiness
of counter-party to which the Company grants credit terms in the normal course of business.

Deposits are with government departments and with lessor so chances of default are very minimal.

For short-term loans and advances, counter-party limits are in place to limit the amount of credit exposure to any counter-party.
None of the Company’s cash equivalents are past due or impaired.

b. Liquidity risk

Liquidity risk arises from the Company’s inability to meet its financial obligation as it becomes due.

The Company manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquidity to
meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risk to
the Company’s reputation.

The table below provides details regarding the contractual maturities of significant financial liabilities :

c. Market Risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from adverse changes in
market rates and prices (such as interest rates and foreign currency exchange rates) or in the price of market risk-
sensitive instruments as a result of such adverse changes in market rates and prices.

Market risk is attributable to all market risk-sensitive financial instruments, all foreign currency receivables and
payables and all short term and long term debt.

The Company is exposed to market risk primarily related to foreign exchange rate risk.

Thus, the Company’s exposure to market risk is a function of investing and borrowing activities and revenue generating
and operating activities in foreign currencies.

d. Foreign Currency Risk

The Company’s foreign exchange risk arises from its foreign operations, foreign currency revenues and expenses,
(primarily in US Dollars ). As a result, if the value ofthe Indian rupee appreciates relative to these foreign currencies, the
Company’s revenues and expenses measured in Indian rupees may decrease or increase and vice-versa. The exchange
rate between the Indian rupee and these foreign currencies have changed substantially in recent periods and may
continue to fluctuate substantially in the future.

i. Significant foreign currency risk exposure in US Dollars relating to trade receivables, other receivables, cash and
cash equivalents and trade payables:

Hedge Accounting:

The Company avails Foreign Currency Loans from State Bank of India to reduce the interest cost.

The Company duly takes forward cover to hedge against the foreign currency risks.

The premium paid for the hedging is charged to the Statement of Profit and Loss.

e. Interest rate Risk:

The Company has loan facilities on floating interest rate, which exposes the Company to risk of changes in interest rates.
The Company’s Finance Department monitors the interest rate movement and manages the interest rate risk by
evaluating interest rate swaps etc. based on the market / risk perception.

For the year ended March 31,2026 and March 31, 2025, every 1% increase in interest rate for the above mentioned financial liabilities
would decrease the Company’s profit & equity by approximately ? 30.18 Lakhs and decrease the Company’s profit & equity by
approximately ? 28.07 Lakhs respectively.

A 1% decrease in interest rate would lead to an equal but opposite effect.

37. Leases

The Company has adopted Ind AS 116 “Leases” to its leases due to which rental expense is being replaced by depreciation charge on
right-of-use asset amounting to ?53.30 Lakhs (Previous Year ?44.42 Lakhs) which is included under depreciation and amortization
expense in statement of profit and loss and finance cost on lease liability amounting to ?22.47 Lakhs (Previous Year ^10.56 Lakhs).
The Company recognizes a lease liability measured at the present value of the remaining lease payments. The right-of-use assets are
recognized at cost, which comprises the amount of the measurement of the lease liability adjusted for any lease payments made on or
before the inception date of the lease. Accordingly, a right-of-use asset ?371.16 Lakhs (previous year ?78.01 Lakhs)and a
corresponding lease liability of ?399.18 Lakhs (previous year ?108.16 Lakhs) has been recognized.

38. Segmental Reporting:

The company is engaged in the sole segment of Analysis and Testing. Therefore, no separate segments within the Company as defined
by IndAS-108(Operating Segments) needs to be reported separately.

39. Borrowing cost:

During the year, Borrowing Costs amounting of ?4.98 Lakhs has been Capitalized to Capital WIP (Previous year ?10.70 Lakhs)

40. Indications of impairment: In the opinion of Management, there are no indications, internal or external which could have the effect of
impairing the value of assets to any material extent as at the balance sheet date requiring recognition in terms of Ind AS 36.

41. The Company has no subsidiary, associate or joint venture. Hence requirement of Consolidated Financial Statement is not applicable
to the Company.

42. In the opinion of the Board, Current Assets, Loans & Advances are approximately of the value stated, if realized in the ordinary course
of business. The provision for Depreciation and all known liability are adequate. There is no Contingent liability other than stated.

43. Tax Provisions are as under:

47. Corporate Social Responsibility:

As per Section 135 of the Companies Act, 2013, the Company is not liable to spend the specified amount on CSR activities as per the
norms. Hence, no separate reporting is required for the same.

48. The company has not traded or invested in crypto currency or virtual currency during the financial year 2025-26.

49. The company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed
as income during the year in the tax assessments under the Income Tax Act, 1961

50. During the year, 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 the rules made there under.

51. The Company has raised working capital funds during the year and the same has been applied for the working capital requirements of
the company. Further, the quarterly statements of debtors filed by the company with the banks are in agreement with the books of
accounts ofthe company.

52. The Company is not declared a wilful defaulter by any Bank or Financial Institution or any other lender.

53. No charges or satisfaction are pending for registration with the Registrar of companies (ROC) except the following:

• Force Traveller Loan from HDFC Bank: Charge for ^18.50 Lakhs not created from 23-01-2024.

54. The Company has no long-term contracts including derivative contracts having material foreseeable losses as at 31st March, 2026.

55. The Company has not granted any loans or advances in the nature of loans to promoters, directors and KMP’s ,either severally or
jointly with any other person.

56. During the year, no scheme of Arrangement has been formulated by the Company/ pending with competent authority.

57. The Company has no subsidiary. The Company is in compliance with the number of layers as prescribed under clause (87) of section 2
ofthe Companies Act, 2013 read with the Companies (Restriction on Number ofLayers) Rules, 2017.

58. During the year the company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other
sources or kind of funds) to any other person or entity including foreign entities (intermediaries) with the understanding (whether
recorded in writing or otherwise) that the intermediary shall (i) directly or indirectly lend or invest in other person or entities identified
in any manner whatsoever by or on behalf of company (ultimate beneficiaries) or (ii) provide any guarantee, security or the like to or
behalf ofthe ultimate beneficiaries. The company has not given guarantee or provided security.

59. The Company has not received any fund from any person(s) or entity(ies) including foreign entities (funding party) with the
understanding (whether recorded in writing or otherwise) that the Company shall (i) directly or indirectly lendor invest in any manner
whatsoever by or on behalf of the funding party (ultimate beneficiaries) or (ii) provide any guarantee, security or the like to or on
behalf of the (ultimate beneficiaries) or (iii) provide any guarantee, security or the like to or on behalf ofthe ultimate beneficiaries.

60. Provision to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of accounts using accounting software which
has a feature of recording audit trail (edit log) facility is applicable to the Company w.e.f. April 1, 2023. Accordingly, the Company
have used an accounting software for maintaining its books of accounts which has a feature of recording audit trail (edit log) facility
and the same has operated throughout the year for all relevant transactions recorded in the software.

61. The company has not made any investment whether current or non-current in nature.

62. A cyber security breach had occurred on May 22, 2025, involving a ransomware attack that temporarily disrupted operations and
made financial data inaccessible until May 31, 2025. The Company engaged external IT professionals to recover the data from
secured backups and took remedial action, including enhancing cybersecurity controls. The Company fully came over the situation
within a short span and has recovered all data. The cost of such process amounts to ? 2.60 Lakhs.

Response to percentage change more than 25% N.A.

64. The previous year figures have been regrouped/ reclassified, wherever necessary to conform to current year presentation.

65. The figures have been rounded off to the nearest multiple of a rupee in Lakhs as required by General Instructions for preparation of
Financial Statements in Division II Schedule III to the Companies Act, 2013.

66. Approval of Financial Statements

The financial statements were approved for issue by the Board of Directors in their Board meeting held on 25th May, 2026.