* The amount has been adjusted after considering the corporate guarantee provided by the Company on behalf of its wholly owned subsidiaries for availing credit facilities from banks and financial institutions. Under the terms of the guarantee, the Company has undertaken to ensure repayment of borrowings and discharge the financial obligations of the wholly owned subsidiaries in the event of default. Accordingly, the adjustment reflects the financial impact arising from such corporate guarantee arrangement.

** 50,00,000, 7.00% Non - Cumulative Redeemable Preference Shares of ? 10 each of MMP Electricals Private Limited (“the Wholly Owned Subsidiary Company”) were allotted on March 9, 2026. The said preference shares are redeemable at par on March 9, 2031 at ? 10 per share.

The preference shares carry a preferential right to receive dividend at the rate of 7.00% per annum on a non-cumulative basis and also carry a preferential right towards repayment of capital in the event of winding up of the Company. The holders of these preference shares are entitled to voting rights only in accordance with the provisions of the Companies Act, 2013. These preference shares are unsecured and are not convertible into equity shares of the Company. The said preference shares were allotted for the purpose of funding the establishment and development of the manufacturing plant of the Subsidiary Company, including meeting capital expenditure requirements and supporting the implementation of its business operations.

* The amount represents the insurance claim receivable by the Company in respect of the fire incident that occurred at the Umred Plant on April 11, 2026, which resulted in loss and damage to certain assets and inventories of the Company. The claim amount has been recognized based on the final claim bill submitted to the insurance company and represents the amount considered recoverable by the management as at the reporting date. (Refer "Note No. 52" for further details).

** No amounts of receivables are due from directors or other officers of the Company, either severally or jointly with any other person, nor from firms, private companies or other entities in which any director is a partner, director or member, except for receivables aggregating ? NIL (Prev Year ? 234.97 Lakhs) due from the wholly owned subsidiary company (Refer "Note No. 45" for further details).

*** The term deposits held by the Company with banks and financial institutions comprise time deposits with varying maturities of less than one year and carry interest at the respective applicable deposit rates. These deposits are held under lien / pledged with the respective banks and financial institutions as security against bank guarantees issued on behalf of the Company in favour of Government authorities and other institutions, amounting to ? 445.72 Lakhs (Prev Year ? 413.13 Lakhs).

b) Terms / Rights attached to Equity Shares

i) The Company has only one class of shares - referred to as - equity shares having a par value of '10 per share. Each holder of equity shares is entitled to one vote per share.

ii) As per the Companies Act, 2013, in the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all the preferential amounts. However, no such preferential amounts exists currently. The distribution will be in the proportion to the number of equity shares held by the Shareholders.

iii) The Company declares and pays the dividend in Indian Rupees ('). The payment of dividend is also made in foreign currency to the shareholders outside India. The final dividend proposed by the Board of Directors is subject to the approval of the shareholders in their ensuing Annual General Meeting (AGM), except in case of interim dividend.

* As per the records of the Company, including the Register of Members, the above information has been verified and certified by the Registrar and Share Transfer Agent of the Company.

The Board of Directors, at its meeting held on May 23, 2026, recommended a final dividend of ? 2.00 (Rupees Two Only) per equity share having a face value of ? 10 each, being 20% of the face value of the equity shares, aggregating to ? 508.05 Lakhs, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM). Accordingly, the same has not been recognized as a liability as at March 31, 2026, in accordance with the applicable indian accounting standards. The Board of Directors did not declare any interim dividend during the reporting period. (Refer “Note No. 50” for further reference).

The Board of Directors, at its meeting held on May 23, 2025, had recommended a final dividend of ? 2.00 (Rupees Two Only) per equity share having a face value of ? 10 each for the financial year ended March 31, 2025. The said proposal was approved by the shareholders at the ensuing Annual General Meeting (AGM) held on September 8, 2025, resulting in a cash outflow of ? 508.05 Lakhs during the reporting period (Refer "Note No. 50" for further details)

a) Capital Reserve: Capital Reserve represents the capital incentive received from the Sales Tax Department for setting up manufacturing plants in the State of Maharashtra. The incentive has been granted subject to compliance with specified terms and conditions prescribed by the relevant authorities, and any non-compliance with such conditions may result in withdrawal or forfeiture of the incentive.

b) Securities Premium: Securities Premium represents the premium received on the issue of equity shares by the Company. The balance in this account is utilized in accordance with the provisions of the Companies Act, 2013.

c) Remeasurement of Defined Benefits Plan: This reserve represents the cumulative actuarial gains and losses arising from the remeasurement of defined benefit obligations in accordance with Ind AS 19 - "Employee Benefits", which have been recognized in Other Comprehensive Income and are not subsequently reclassified to the Statement of Profit and Loss.

d) Equity Instruments through Other Comprehensive Income: This reserve represents the cumulative gains and losses arising from changes in the fair value of equity instruments designated under the irrevocable option to be measured at Fair Value through Other Comprehensive Income (FVTOCI) in accordance with applicable indian accounting standards. Upon derecognition / disposal of such investments, the cumulative gains or losses are transferred within equity to retained earnings and are not reclassified to the Statement of Profit and Loss.

e) Cash Flow Hedge Reserves: This reserve represents the effective portion of cumulative gains and losses arising on hedging instruments designated in cash flow hedge relationships. The amounts recognized in this reserve are reclassified to the Statement of Profit and Loss or included in the carrying amount of the related non-financial asset or liability, as appropriate, when the hedged transaction affects profit or loss or results in recognition of a non-financial asset or liability.

e) Retained Earnings: Retained Earnings represent the cumulative profits earned by the Company, net of accumulated losses, appropriations, and distributions such as dividends, which remain undistributed as at the reporting date.

Nature of Securities and Terms of Repayments

a) Term loans availed from Axis Bank Limited are secured by a first pari-passu charge over the present and future Property, Plants and Equipment of the Company. The said credit facilities are further secured by way of an equitable mortgage over the factory land and building situated at Survey Nos. 43, 55/1, 56/1 and 56/2, Mouza Maregaon, District Bhandara, held in the name of the Company. The credit facilities are also secured by an equitable mortgage over the land and building situated at Survey No. 1016/2, Mouza and Grampanchayat Neeri, PC No. 21, Mohadi, District Bhandara, held in the name of the Company, and by mortgage of Plot Nos. B-28 and B-28/1, Industrial Area, MIDC, Behind Mahindra and Mahindra, Hingna Road, Nagpur, Maharashtra - 440016, held in the name of the Company. These credit facilities are additionally secured by irrevocable personal guarantees provided by Arun Bhandari and Lalit Bhandari, Directors of the Company.

b) The COVID term loan availed from Axis Bank Limited was obtained to address the liquidity mismatch arising due to the COVID-19 pandemic. The loan is repayable in equated monthly instalments of ? 18.17 Lakhs commencing from March 2024 and is repayable in full on or before March 2027.

c) The term loan availed from Axis Bank Limited was obtained for the construction of the factory building and procurement of Plants and Equipment, including solar power equipment, at the Company’s existing plant located at Umred, Nagpur. The loan is repayable in equated monthly instalments of ? 33.33 Lakhs commencing from February 2026, and is repayable in full on or before January 2031. The said term loan is secured by way of an equitable mortgage over the factory land and building situated at Plot Nos. D15/2 and D16, Umred, Nagpur, held in the name of the Company.

d) Term loans availed from Citi Bank Limited are secured by a first pari-passu charge over the present and future Property, Plants and Equipment of the Company. The said credit facilities are further secured by way of an equitable mortgage over the factory land and building situated at Survey Nos. 43, 55/1, 56/1 and 56/2, Mouza Maregaon, District Bhandara, held in the name of the Company. The credit facilities are also secured by an equitable mortgage over the land and building situated at Survey No. 1016/2, Mouza and Grampanchayat Neeri, PC No. 21, Mohadi, District Bhandara, held in the name of the Company, and by mortgage of Plot Nos. B-28 and B-28/1, Industrial Area, MIDC, Behind Mahindra and Mahindra, Hingna Road, Nagpur, Maharashtra - 440016, held in the name of the Company. The said facilities are further secured by a demand promissory note amounting to ? 2,500 Lakhs and irrevocable personal guarantees provided by Arun Bhandari and Lalit Bhandari, Directors of the Company.

e) The term loan availed from Citi Bank Limited was obtained for the purpose of setting up a solar power plants at the Company’s existing plant situated at Shahpur, Bhandara. The loan is repayable in equated quarterly instalments of ? 60.00 Lakhs commencing from March 2025, and is repayable in full on or before December 2028.

f) Term loans obtained from the related parties are unsecured in nature and are repayable on demand.

* Corporate guarantee liabilities represents the financial guarantee obligation recognised by the Company in respect of corporate guarantees issued on behalf of subsidiaries for availing credit facilities from banks and financial institutions. Such liability is initially recognized at fair value and subsequently measured in accordance with the requirements of Ind AS 109 -"Financial Instruments".

** Retention money amounts withheld by the Company from payments due to vendors and contractors in accordance with the terms of the respective agreements. Such amounts are generally payable upon satisfactioy completion of contractual obligations and expiry bof the defect liability period, whereever applicable.

a) Working capital loans and export packing credit facilities availed from Axis Bank Limited are secured by a first pari-passu charge by way of hypothecation over the entire inventories, book debts, receivables and other current assets of the Company, both present and future. These credit facilities are further secured by an equitable mortgage over the immovable properties as detailed in "Note No. 18" of the standalone financial statements.

b) Working capital facilities availed from Kotak Mahindra Bank Limited are secured by a first pari - passu charge by way of hypothecation over the entire inventories, book debts, receivables and other current assets of the Company, both present and future. The said credit facilities are further secured by way of an equitable mortgage over the factory land and building situated at Survey Nos. 43, 55/1, 56/1 and 56/2, Mouza Maregaon, District Bhandara, held in the name of the Company. The credit facilities are also secured by an equitable mortgage over the land and building situated at

Survey No. 1016/2, Mouza and Grampanchayat Neeri, PC No. 21, Mohadi, District Bhandara, held in the name of the Company, and by mortgage of Plot Nos. B-28 and B-28/1, Industrial Area, MIDC, Behind Mahindra and Mahindra, Hingna Road, Nagpur, Maharashtra - 440016, held in the name of the Company. These credit facilities are additionally secured by irrevocable personal guarantees provided by Arun Bhandari and Lalit Bhandari, Directors of the Company.

a) Working capital loans availed from Citi Bank Limited are secured by a first pari - passu charge by way of hypothecation over the entire inventories, book debts, receivables and other current assets of the Company, both present and future. These credit facilities are further secured by an equitable mortgage over the immovable properties as detailed in "Note No. 18" of the standalone financial statements.

d) Working capital facilities availed from Federal Bank Limited are secured by lien / pledge over term deposits amounting to ? 100.00 Lakhs (Prev Year ? 100.00 Lakhs). Such term deposits are held as cash collateral security against the credit facilities sanctioned by the bank and financial institutions. The remaining portion of the said facilities are unsecured in nature.

e) Working capital facilities availed from Shinhan Bank are unsecured in nature and are repayable on demand. The facilities carry interest at the rate of 7.55% per annum. These credit facilities are secured by irrevocable personal guarantees provided by Arun Bhandari and Lalit Bhandari, Directors of the Company.

f) Purchase Bill Financing (PBF) availed from banks and financial institutions is unsecured in nature and has been obtained to meet the working capital requirements of the Company. The said facility carries an interest rate of 9.05% per annum.

Peformance Obligations

Sales of Product: Performance obligation in respect of the sale of goods is satisfied when control of the goods is transferred to the customer, generally upon delivery. Revenue is recognised at that point in time, and payment is generally due in accordance with the terms of the contracts entered into with customers.

Sales of Services: Performance obligation in respect of rendering of services is satisfied either over time or upon completion and acceptance of the services by the customers, in accordance with the terms of the respective contracts. Accordingly, revenue from such services is recognised when the performance obligation is satisfied, and payment is generally due upon completion and acceptance of the services by the customers.

During the reporting period and the previous reporting period, the Company did not have any remaining performance obligations, as the contracts entered into for the sale of goods and rendering of services were of short - term duration.n.

* During the reporting period, an accidental fire broke out at the Company’s manufacturing facility located at Umred on April 11, 2025, resulting in damage to inventories, property, plants and equipment, and disruption of business operations. The Company incurred losses towards inventories, property, plants and equipment, and employee-related costs including medical treatment and compensation, aggregating to ? 1,672.01 Lakhs. The incident was duly reported to the insurance company, and based on the final claim assessment, an insurance claim receivable of ? 793.05 Lakhs has been recognized in the books of account. Accordingly, the net loss arising from the said fire incident has been presented as an "Exceptional Item" in the standalone statement of profit and loss for the year ended March 31, 2026. (Refer "Note No. 52" of the standalone financial statements).

** Effective November 21, 2025, the Government of India consolidated 29 existing labour regulations into four labour codes, namely the Code of Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the "New Labour Codes"). Based on the requirements of the New Labour Codes and the relevant indian accounting standards, the Company has reassessed and remeasured its employee benefit obligations, which has resulted in incremental expense on account of recognition of past service cost. Considering the material and one-time nature of the said impact, the Company has presented the same as an "Exceptional Item" in the standalone statement of profit and loss for the period ended March 31, 2026, amounting to ? 94.73 Lakhs."

i) Financial Instruments measured at Fair Value through Other Comprehensive Income

The Company does not hold any quoted or unquoted debentures or bonds, nor does it have investments in quoted equity instruments measured at Fair Value through Other Comprehensive Income (FVTOCI). Accordingly, the requirements of Ind AS 109, “Financial Instruments”, relating to fair value measurement and their related disclosures are not applicable to the Company for any of the reporting periods presented in these standalone financial statements.

The Company does not hold any unquoted equity shares (other than investments in associates and subsidiaries, which are measured at amortized cost) nor any quoted mutual funds measured at Fair Value through Profit and Loss (FVTPL). Accordingly, the requirements of Ind AS 109, “Financial Instruments”, relating to fair value measurement and their related disclosures are not applicable to the Company for any of the reporting periods presented in these standalone financial statements.

The Company does not have any financial liabilities measured at Fair Value Through Profit or Loss (FVTPL). Accordingly, the requirements of Ind AS 109, “Financial Instruments”, relating to fair value measurement and their related disclosures are not applicable to the Company for all reporting periods presented in these standalone financial statements.

iii) Financial Instruments measured at Amortized Costs

The carrying amounts of financial assets and financial liabilities measured at amortized cost as presented in the standalone financial statements are considered to be a reasonable approximation of their respective fair values. This is primarily due to the short - term nature of certain financial instruments and / or because such instruments bear interest rates that are considered to be at market rates. Accordingly, the Company does not expect any material differences between the carrying amounts and the amounts that would ultimately be realized or settled.

“Note No. - 39B” - Financial Risk Management - Objectives and Policies

The Company’s principal financial assets primarily comprise investments, security deposits, cash and cash equivalents, other

balances with banks, and trade and other receivables arising directly from its business operations. The Company’s financial liabilities mainly comprise borrowings in Indian currency, retention money, trade payables, and other payables. These financial liabilities are primarily incurred to finance the Company’s business operations and to support its working capital requirements and other operational obligations.

The Company is exposed to market risk, credit risk, and liquidity risk arising from its financial instruments. The Board of Directors (“the Board”) oversees the management of these financial risks. The risk management policy of the Company, formulated by the management and approved by the Board of Directors, sets out the Company’s approach to addressing uncertainties in its efforts to achieve its stated and implicit objectives. It defines the roles and responsibilities of management, the structure for managing risks, and the overall risk management framework. The framework is designed to identify, assess, and mitigate financial risks in order to minimize potential adverse effects on the Company’s financial performance. The Board has taken necessary actions to mitigate the risks identified based on the information and circumstances prevailing at the time.

The following disclosures summarize the Company’s exposure to financial risks and provide information regarding the use of derivatives, if any, employed to manage such exposures. A quantitative sensitivity analysis has also been provided to reflect the impact of reasonably possible changes in market rates on the Company’s financial results, cash flows, and financial position.

1) Market Risk

Market risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk, and other price risk. The Company is exposed to market risk through various financial instruments, including loans and borrowings denominated in domestic currency, deposits, retention money, trade and other payables, and trade receivables.

a) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market interest rates. An increase in interest rates would adversely impact the Company’s borrowing costs. The Company is exposed to interest rate risk primarily on its long - term and short - term borrowings. Interest rate risk is managed by monitoring the proportion of fixed and floating rate borrowings and taking appropriate actions, as necessary, to maintain a balanced exposure to interest rate fluctuations. The Company has not used any interest rate derivatives to hedge its interest rate risk during the reporting period.

b) Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate due to changes in foreign exchange rates. The Company operates globally and a portion of its transactions are denominated in foreign currencies; consequently, it is exposed to foreign exchange risk arising from sales to overseas customers and purchases from overseas suppliers. The Company manages its foreign currency exposure through natural hedging, to the extent possible, by matching foreign currency inflows with corresponding foreign currency outflows, such as procuring goods in the same currencies in which sales are denominated. This approach helps in mitigating the impact of exchange rate fluctuations on the Company’s financial results.

The carrying amount of the Company’s foreign currency denominated monetary items is as follows:

The above table represents the Company’s total exposure to foreign currency - denominated monetary items. The Company has not entered into any hedging arrangements to mitigate its foreign currency exposure during the current reporting period as well as the previous reporting period.

The Company is mainly exposed to fluctuations in USD ($) and EURO (€). The table below demonstrates the sensitivity to a 5% increase or decrease in USD ($) against INR and EURO (€) against INR, assuming all other variables remain constant. The sensitivity analysis is based on the net unhedged exposure of the Company as at the reporting date and the previous reporting date. A 5% movement represents management’s assessment of a reasonably possible change in foreign exchange rates.

c) Other Price Risk

Other price risk is the risk that the fair value of financial instruments will fluctuate due to changes in market traded prices. Other price risk arises primarily from financial assets such as investments in quoted equity instruments. The Company is exposed to price risk mainly on account of investments in quoted equity instruments measured at fair value through other comprehensive income (FVTOCI), if any. As at March 31, 2026, the carrying value of such quoted equity instruments measured at FVtOcI is ' NIL (March 31, 2025: ' NIL).

2) Credit Risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations, resulting in financial loss to the CCredit risk refers to the risk that a counterparty will default on its contractual obligations, resulting in financial loss to the Company. Credit risk arises primarily from financial assets such as trade receivables, balances with banks, and other financial assets of the Company.

The Company has adopted a policy of dealing only with counterparties that have sufficiently high credit ratings. The Company’s exposure to credit risk and the credit ratings of its counterparties are continuously monitored, and the aggregate value of transactions is reasonably diversified across counterparties.

Credit risk arising from term deposits and other balances with banks is considered limited, as these balances are placed with banks and recognized financial institutions having high credit ratings assigned by international credit rating agencies. No collateral is held against such balances.

The average credit period on sale of products ranges from 30 to 60 days. Credit risk arising from trade receivables is managed in accordance with the Company’s established credit risk management policies, procedures, and controls. Customer creditworthiness is assessed based on detailed evaluation, and individual credit limits are defined or modified accordingly. The concentration of credit risk is limited due to a diversified customer base. No customer represents more than 10% of the total trade receivables balance. For trade receivables, as a practical expedient, the Company recognizes expected credit loss allowance using a provision matrix approach. The provision matrix is based on historically observed default rates over the expected life of trade receivables and is adjusted for forward - looking estimates at each reporting date. The provision matrix as at the end of the reporting period is as follows:

3) Liquidity Risk

Liquidity risk is the risk that the Company will encounter difficulty in raising funds to meet its obligations associated with financial instruments that are settled by delivering cash or another financial asset. Liquidity risk may also arise due to an inability to realize a financial asset quickly at or near its fair value.

The Company has established a liquidity risk management framework for managing its short - term, medium - term, and long - term funding and liquidity requirements. The Company’s exposure to liquidity risk arises primarily from mismatches in the maturities of financial assets and liabilities. The Company manages liquidity risk by maintaining adequate cash and cash equivalents. The Company also has adequate credit facilities with banks to ensure availability of sufficient funds to meet its normal operating and financial obligations in a timely and cost - effective manner.

The Company believes that its liquidity positions of ' 298.62 Lakhs as at March 31, 2026 (Prev Year ' 1,276.79 Lakhs), along with anticipated future internally generated cash flows from operations and fully available undrawn credit facilities, will enable it to meet its future obligations in the ordinary course of business. In addition, in the event of any liquidity requirement, the Company believes it has access to financing arrangements and unencumbered assets that would enable it to meet its capital and other liquidity requirements.

The liquidity position referred to above includes:

i) Cash and Cash Equivalents as disclosed in the Cash Flows Statements; and

ii) Current / non - current term deposits as disclosed in the financial assets.

The Company’s liquidity management process, as monitored by the management, includes:

i) Day-to-day funding management through monitoring of future cash flows to ensure timely fulfillment of obligations;

ii) Maintenance of rolling forecasts of the Company’s liquidity position based on expected cash flows; and

iii) Maintenance of diversified credit lines to support funding flexibility.

“Notes - 39C” - Capital Management

The Company adheres to a robust capital management framework, which is underpinned by the following guiding principles:

a) Maintain financial strength to ensure BBB stable domestic credit ratings and investment grade ratings internationally;

b) Ensure financial flexibility by diversifying sources of financing and their maturities to minimize liquidity risk while meeting investment requirements;

c) Ensure sufficient liquidity is available, either through cash and cash equivalents, investments or committed credit facilities, to meet business requirements.

d) Minimize finance costs while considering current and future industry, market and economic risks and conditions;

e) Safeguard the Company’s ability to continue as going a going concern.

f) Maintain an optimal level of leverage to maximize shareholder returns while preserving balance sheet strength and flexibility.

This framework is reviewed and adjusted based on underlying macroeconomic factors affecting the business environment, financial market conditions, and the interest rate environment.

The Board of Directors has the primary responsibility for maintaining a strong capital base and optimizing the cost of capital through prudent management of deployed funds and judicious leverage in domestic and international financial markets, thereby maintaining investors, creditors, and market confidence and supporting the future development of the business.

For the purpose of the Company’s capital management, capital includes issued equity share capital and all other equity reserves attributable to equity shareholders. The primary objective of capital management is to safeguard the Company’s ability to continue as a going concern and to maintain an optimal capital structure in order to maximize shareholder value.

As at March 31, 2026, the Company has only one class of equity shares and has a low level of debt. Consequently, there are no externally imposed capital requirements. To maintain or achieve an optimal capital structure, the Company allocates capital towards dividend distribution or reinvestment in the business based on its long-term financial plans.

The Company monitors its capital structure on the basis of the Net Debt to Equity ratio, where Net Debt is defined as total borrowings less cash and cash equivalents, divided by total equity.

(a) Decline in profitability during the reporting period, primarily attributable to losses arising from the fire incident, has adversely impacted the Return on Equity and Net Profit Ratio.

(b) Improved utilization and efficiency in depolyment of net working capital for generating revenue has improved the current period Net Capital Turnover Ratio.

44 Employee Benefits 1 Post Employment Benefits

i) Defined Benefit Gratuity Plan (Unfunded)

The Company operates a defined benefit gratuity plan for its employees, which requires contributions to be made to a separately administered fund. The gratuity scheme is governed by the provisions of the Payment of Gratuity Act, 1972. Under the Act, employees who have completed a minimum qualifying period of five years of continuous service become eligible for gratuity benefits. The amount of gratuity payable is determined based on the employee’s length of service and the last drawn salary at the time of retirement, resignation, death, disability, or cessation of employment.

ii) Defined Benefit Pension Plan (Unfunded)

The Company operates a defined benefit pension plan for certain specified employees, under which post- employment benefits are payable upon fulfilment of specified terms and conditions as approved by the Board of Directors of the Company. The benefits payable under the scheme are determined based on the eligibility criteria and other conditions prescribed under the respective plan.

iii) Defined Benefit Post Retirement Medical Benefit Plans (Unfunded)

The Company operates a defined benefit post-retirement medical benefits plan for certain specified employees, under which post-retirement medical benefits are payable upon fulfilment of specified terms and conditions approved by the Board of Directors of the Company. The benefits are provided to eligible employees in accordance with the provisions of the respective scheme.

The most recent actuarial valuation of the plan assets and the present value of the defined benefit obligations was carried out as at March 31, 2026, by Mr. Ashok Kumar Garg, Fellow of the Institute of Actuaries of India. The valuation has been performed using the "Projected Unit Credit Method", which is considered an appropriate method for measuring obligations under defined benefit plans.

The following tables present the components of defined benefit expenses recognised in the standalone statement of profit and loss and other comprehensive income, together with the amounts recognized in the Balance Sheet in respect of the respective defined benefit plans.

2 Defined Contribution Plans

i) Provident Fund

The Company manages and administers the provident fund assets and liabilities in accordance with the provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, and the applicable rules and regulations framed thereunder.

The plan guarantees a minimum rate of interest as notified by the Provident Fund Authorities from time to time. Employer and employee contributions, together with accrued interest thereon, are payable to employees upon retirement or separation from the Company, whichever is earlier, and vest immediately upon rendering of service. In accordance with the Guidance Note issued by the Institute of Actuaries of India, the Actuary has carried out the valuation of provident

“Note No. 46 - Additional Regulatory Information as required by the Schedule - III of the Companies Act, 2013”

i) The Company has utilized the borrowings from banks and financial institutions for the purposes for which they were obtained, as at the balance sheet date. The Company has not defaulted in the repayment of principal or payment of interest thereon in respect of any borrowings from banks and financial institutions during the current and previous reporting periods.

ii) The title deeds in respect of self - constructed building and title deeds of all other immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the Company), disclosed in the standalone financial statements and included under Property, Plants and Equipment, are held in the name of the Company as at the balance sheet date. In respect of immovable properties taken on lease by the Company, the lease agreements are duly executed in favour of the Company as at the balance sheet date.

iii) Loans and advances in the nature of loans granted to promoters, directors, key managerial parties, or other related parties, including subsidiaries, associates andjoint ventures (as defined under the Companies Act, 2013), either severally andjointly with any other person, the details in respect of which are disclosed in “Note No. 53” of the standalone financial statements.

iv) The Company does not hold any benami property in its name. Further, no proceedings have been initiated or are pending against the Company under the Benami Transactions (Prohibition) Act, 1988 (as amended) (45 of 1988) and the Rules made thereunder in respect of any alleged benami property.

v) The Company has been sanctioned working capital limits from banks and financial institutions on the basis of security of current assets. The monthly / quarterly returns and the statements filed by the Company with such banks and financial institutions are in agreements with the books of accounts of the Company.

vi) The Company has not been declared a willful defaulter by any banks, financial institutions, or other lenders, nor by the government or any government authorities.

vii) The Company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956, Accordingly, the details in this regard are not applicable and have not been furnished.

viii) The Company does not have any charges or satisfaction of charges, which are pending registration with the Registrar of

Company beyond the statutory period.

ix) The Company has complied with the requirements relating to the number of layers of subsidiaries as prescribed under section 2(87) of the Companies Act, 2013, read with the Companies (Restriction on number of layers) Rules, 2017.

x) Utilization of borrowed funds and share premium

1) The Company has not advanced, loaned, or invested any funds to any other persons or entities, including foreign entities (intermediaries) with the understanding that the intermediaries shall:

a) 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;

b) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficiaries.

2) The Company has not received any funds from any persons or entities, including foreign entities (Funding Parties) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a) 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;

b) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficiaries.

xi) There have been no transactions relating to previously unrecorded income that which have been surrendered or disclosed as income during the current reporting period and previous reporting period in course of tax assessments under the Income Tax Act, 1961.

* The Company has provided a corporate guarantee in favour of HDFC Bank Limited (the “Lending Bank”) in respect of term loan and working capital facilities availed by MMP Electricals Private Limited, a wholly owned subsidiary of the Company. As at the date of the standalone financial statements, an amount of ? 3,400.00 Lakhs (Prev Year ? 3,400.00 Lakhs) remains outstanding under such credit facilities, against which the aforesaid corporate guarantee continues to remain in force.

** The Company has provided a corporate guarantee in favour of Kotak Mahindra Bank Limited (the “Lending Bank”) in respect of term loan and working capital facilities availed by MMP Cables Private Limited, a wholly owned subsidiary of the Company. As at the date ofthe standalone financial statements, an amount of ? 3,288.00 Lakhs (Prev Year ? NIL) remains outstanding under such credit facilities, against which the aforesaid corporate guarantee continues to remain in force.

49 Corporate Social Responsibilities

In accordance with the provisions of section 135 of the Companies Act, 2013, the Company is required to spend a minimum of 2% of its average net profits of the immediately preceding three financial years on eligible Corporate Social Responsibility (CSR) activities. The activities covered under CSR include, among others, eradication of hunger and malnutrition, promotion of education, healthcare, environmental sustainability, rural development projects, disaster relief, art and culture, and rehabilitation initiatives as prescribed under Schedule VII of the Companies Act, 2013.

The Company has constituted a CSR Committee in compliance with the requirements of the Act to oversee the implementation, monitoring and governance of CSR initiatives undertaken by the Company.

a) The amount required to be spent by the Company towards Corporate Social Responsibility (CSR) activities in accordance with the provisions of section 135 of the Companies Act, 2013 read with Schedule VII thereto, during the reporting period ended March 31, 2026, is ? 68.60 Lakhs (Prev Year ? 59.82 Lakhs).

The Board of Directors of the Company has not declared any interim dividend during the current reporting period as well as the previous reporting period. Further, the Board of Directors, at its meeting held on May 23, 2025, had recommended a final dividend of ? 2.00 (Rupees Two only) per equity share of face value ? 10 each for the financial year ended March 31, 2025. The said dividend was subsequently approved by the shareholders at the Annual General Meeting (AGM) held on September 8, 2025, resulting in an aggregate cash outflow of ? 508.05 Lakhs.

Proposed Dividend

The Board of Directors, at their meeting held on May 23, 2026, have recommended a final dividend of ? 2.00 (Rupee Two Only) per equity share of face value ? 10 each, i.e., 20% of the face value, for the financial year ended March 31, 2026. Accordingly, the Company has proposed a final dividend aggregating to ? 508.05 Lakhs, subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM). Since the same is subject to shareholder approval, it has not been recognized as a liability in the standalone financial statements.

52 Loss on Accounts of Fire

On April 11, 2025, at approximately 6:45 PM, a major explosion and fire broke out in one section of the Aluminium Powder Division situated at the Umred Plant. Due to the swift and effective response of the emergency evacuation team, all individuals present at the site were promptly evacuated. However, despite these efforts, the Company deeply regrets the unfortunate loss of certain workmen, while a few individuals sustained minor injuries. The management of the Company is profoundly saddened by this tragic incident and extends its heartfelt condolences to the families of the deceased.

During the reporting period, the Company incurred losses arising from the said fire incident comprising inventory loss of ? 671.45 Lakhs, property, plants and equipment loss of ? 338.92 Lakhs and employee compensation including medical treatment expenses amounting to ? 661.64 Lakhs, net of disposal of debris. The incident was duly reported to the insurance company and, based on the final claim assessment, an insurance claim receivable amounting to ? 793.05 Lakhs has been recognized in the books of account.

Accordingly, the net loss arising from the fire incident amounting to ? 878.96 Lakhs has been disclosed as an "Exceptional Item" in the standalone statement of profit and loss for the year ended March 31, 2026.

53 Disclosure pursuant to regulation 34(3) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015 and Section 186 of the Companies Act, 2013

55 The standalone financial statements are approved for issue by the Audit Committee at its meeting held on May 23, 2026, and by the Board of Directors on their meeting held on May 23, 2026.

56 Previous years audited figures has been regrouped / recasted / rearranged wherever necessary to make them comparable for the purpose of preparation and presentation of standalone financial statements.

SIGNATURE TO THE NOTE “1” TO NOTE “56”

MATERIAL ACCOUNTING POLICIES 1

THE ACCOMPANYING NOTES ARE FORMING INTEGRAL PART OF THE FINANCIAL STATEMENTS