3.14.3. Contingent Assets

Contingent assets usually arise from unplanned or other unexpected events that give rise to the possibility of an inflow of economic
benefits. Contingent Assets are not recognized though are disclosed, where an inflow of economic benefits is probable.

3.15 Intangible Assets

Recognition and Measurement

Intangible Assets are stated at acquisition cost, net of accumulated amortization and accumulated impairment losses, if any. Intangible
assets are amortised on a straight line basis over their estimated useful economic lives.

Subsequent Expenditure

Subsequent costs are included in the asset’s carrying amount, only when it is probable that future economic benefits associated with
the cost incurred will flow to the Company and the cost of the item can be measured reliably. All other expenditure is recognized in the
Statement of Profit & Loss.

3.14 Provisions, Contingent Liabilities and Contingent Assets

3.14.1. Provisions

Provisions are recognized when there is a present obligation (legal or constructive) 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. Provisions are determined by discounting the expected future cash flows (representing the
best estimate of the expenditure required to settle the present obligation at the balance sheet date) at a pre-tax rate that reflects
current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is
recognized as finance cost.

• Onerous Contracts:

Present obligations arising under onerous contracts are recognized and measured as provisions. An onerous contract is considered
to exist when a contract under which the unavoidable costs of meeting the obligations exceed the economic benefits expected to
be received from it.

3.14.2. Contingent Liabilities

Contingent liability is a possible obligation arising from past events and 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 but is not recognized because it is not possible that an outflow of resources embodying
economic benefit will be required to settle the obligations or reliable estimate of the amount of the obligations cannot be made.
The Company discloses the existence of contingent liabilities in Other Notes to Financial Statements.

Disposal

Gains or losses arising from the retirement or disposal of an intangible asset are determined as the difference between the net disposal
proceeds and the carrying amount of the asset and recognised as income or expense in the Statement of Profit & Loss.

Intangible Assets under Development

Intangible Assets under development is stated at cost which includes expenses incurred in connection with development of Intangible
Assets in so far as such expenses relate to the period prior to the getting the assets ready for use.

3.16 Operating Segment

The identification of operating segment is consistent with performance assessment and resource allocation by the chief operating
decision maker (CODM). An operating segment is a component of the Company that engages in business activities from which it may
earn revenues and incur expenses including revenues and expenses that relate to transactions with any of the other components of
the Company and for which discrete financial information is available. Based on assessment of CODM in terms of Indian Accounting
Standard - 108, the Company is predominantly engaged in a single segment of Hosiery and related services. The analysis of geographical
segments is based on the areas in which customers of the Company are located.

3.17 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period.

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

3.18 Measurement of Fair Values

A number of the Company’s accounting policies and disclosures require the measurement of fair values, for both financial and non¬
financial assets and liabilities.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or
transfer the liability takes place either:

• In the principal market for the asset or liability, or

• In the absence of a principal market, in the most advantageous market for the asset or liability.

The principal or the most advantageous market must be accessible by the Company. The fair value of an asset or a liability is measured
using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act
in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to
generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use
the asset in its highest and best use.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to
measure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value
hierarchy, described as follows, based on the input that is significant to the fair value measurement as a whole:

• Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities

• Level 2 - Inputs other than quoted prices included within Level 1, that are observable for the asset or liability, either directly or
indirectly; and

• Level 3 - Inputs which are unobservable inputs for the asset or liability.

External valuers are involved for valuation of significant assets & liabilities. Involvement of external valuers is decided by the management
of the company considering the requirements of Ind As and selection criteria include market knowledge, reputation, independence and
whether professional standards are maintained.

3.19 Critical accounting judgements, estimates, assumptions and Key Sources of estimation uncertainty:

Information about critical accounting judgements, estimates, assumptions and Key Sources of estimation uncertainty made in applying
accounting policies that have the most significant effects on the amounts recognized in the financial statements is included in the
following notes:

• Recognition of Deferred Tax Assets: The extent to which deferred tax assets can be recognized is based on an assessment of
the probability of the Company’s future taxable income against which the deferred tax assets can be utilized. In addition, significant
judgement is required in assessing the impact of any legal or economic limits.

• Useful lives of depreciable/ amortisable assets (tangible and intangible): Management reviews its estimate of the useful lives
of depreciable/ amortisable assets at each reporting date, based on the expected utility of the assets. Uncertainties in these
estimates relate to actual normal wear and tear that may change the utility of property, plant and equipment.

• Extension and termination option in leases : Extension and termination options are included in many of the leases. In determining
the lease term the Management considers all facts and circumstances that create an economic incentive to exercise an extension
option, or not exercise a termination option.

This assessment is reviewed if a significant event or a significant change in circumstances occurs which affects this assessment
and that is within the control of the Company.

• Defined Benefit Obligation (DBO): Employee benefit obligations are measured on the basis of actuarial assumptions which include
mortality and withdrawal rates as well as assumptions concerning future developments in discount rates, medical cost trends,
anticipation of future salary increases and the inflation rate. The Company considers that the assumptions used to measure its
obligations are appropriate. However, any changes in these assumptions may have a material impact on the resulting calculations.

• Provisions and Contingencies: The assessments undertaken in recognising provisions and contingencies have been made in
accordance with Indian Accounting Standards (Ind AS) 37, ‘Provisions, Contingent Liabilities and Contingent Assets’. The evaluation
of the likelihood of the contingent events is applied best judgement by management regarding the probability of exposure to
potential loss.

• Impairment of Assets (Investment in Subsidiaries): Ind AS 36 requires the Company reviews its carrying value of investments
in subsidiaries carried at cost annually, or more frequently when there is indication of impairment. If recoverable amount is less
than its carrying amount, the impairment loss is accounted for. The values in use (considering discounted cash flows) have been
determined by external valuation experts based on management's financial projections. The determination of the value in use / fair
value involves significant management judgement and estimates on the various assumptions including relating to growth rates,
discount rates, terminal value, etc.

• Impairment of Financial Assets: The Company assesses impairment based on Expected Credit Losses (ECL) model on trade
receivables. The Company uses a provision matrix to determine impairment loss allowance on the portfolio of trade receivables.
The provision matrix is based on its historically observed default rates over the expected life of the trade receivable and is adjusted
for forward looking estimates. At every reporting date, the historically observed default rates are updated and changes in the
forward-looking estimates are analyzed.

• Impairment of Non - Financial Assets: Property, plant and equipment are tested for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. The recoverable amount is determined based on higher
of value in use and fair value less costs of disposal. The impairment assessment requires management to estimate future cash
flows, discount rates and long-term growth rates. These assumptions are subject to estimation uncertainty and may differ from
actual results.

• Fair value measurement of financial Instruments: When the fair values of financial assets and financial liabilities recorded in the
balance sheet cannot be measured based on quoted prices in active markets, their fair value is measured using valuation techniques
including the Discounted Cash Flow model. The input to these models are taken from observable markets where possible, but
where this not feasible, a degree of judgement is required in establishing fair values. Judgements include considerations of inputs
such as liquidity risk, credit risk and volatility.

a) No Trade Receivables is due by directors and its officers of the Company either severally or jointly with any other person.

b) In determining allowance for credit losses of trade receivables, the Company has used the practical expedient by computing the
expected credit loss allowance based on a provision matrix. The provision matrix takes into account historical credit loss experience
and is adjusted for forward looking information. The expected credit loss allowance is based on ageing of the receivables, rates used in
the provision matrix. Refer Note 49(b)(a)(i) for details in movement of loss allowance.

c) Trade Receivables are hypothecated/ pledged against borrowings (Refer Note no. 22).

d) Trade receivable are generally on terms of 21 to 60 days.

a) Reconciliation of the number of shares at the beginning and at the end of the year

There has been no change/ movements in number of shares outstanding at the beginning and at the end of the year.

b) Terms/ Rights attached to Equity Shares

The Company has only one class of equity shares having a par value of H 1/- per share. Each holder of equity shares is entitled to one
vote per share. The Company declares and pays dividend in Indian Rupee. The dividend proposed by the Board of Directors is subject to
the approval of the shareholder in the ensuing Annual General Meeting. In the event of liquidation of the Company, the holders of equity
shares will be entitled to receive remaining assets of the Company . The distribution will be in proportion to the number of equity shares
held by the shareholders.

For the year ended March 31, 2026 the Company has proposed final dividend of H 3/- per share (March 31, 2025: H 3/- per share) subject
to approval of member in the ensuing Annual General Meeting.

c) Shareholding Pattern with respect of Holding or Ultimate Holding Company

The Company does not have any Holding Company or Ultimate Holding Company.

d) Details of shareholders holding more than 5% shares in the Company

Nature and purpose of each reserve within equity is as follows:

i) Capital Reserve

This reserve has been created pursuant to scheme of arrangement between company and its wholly owned subsidiary and can be
utilized in accordance with the provisions of the Companies Act, 2013.

ii) Securities Premium

Securities premium represents premium received on issue of shares. The reserve is utilised in accordance with the provisions of the
Companies Act , 2013.

iii) General Reserve

Under the erstwhile Companies Act 1956, a general reserve was created through an annual transfer of net profit at a specified percentage
in accordance with applicable regulations. Consequent to the introduction of the Companies Act, 2013 the requirement to mandatory
transfer a specified percentage of net profit to general reserve has been withdrawn.

iv) Retained Earnings

This reserve represents the cumulative profit of company and effects of remeasurement of defined benefit obligation. This reserve can
be utilised in accordance with the provisions of Companies Act, 2013 .

v) Remeasurement of Defined benefit plans

Remeasurement of defined benefit plans comprises actuarial gains and losses and return on plan asset (excluding interest income)
which are recognised in other comprehensive income and then immediately transferred to retained earnings.

Note:

1. There is no default as on the balance sheet date in the repayment of borrowings and interest thereon.

2. Terms & conditions

a) Term Loan with a Balance of H 179.25 Lakhs as on March 31, 2025 has been entirely repaid during the current financial year. The
Loan carried interest @ 9 % per annum (March 31, 2025: 9%) with a sanction limit of H 1445.00 lakhs and was secured by first charge
by way of hypothecation of specific plant and machinery funded by bank.

b) Term Loan with a balance of H 2.00 Lakhs as on March 31, 2025 has been entirely repaid during the current financial year. The

Term Loan carried interest @ 8.85 % per annum (March 31, 2025: 8.85%) with a sanction limit of H 800.00 lakhs and was secured by

exclusive charge by way of hypothecation of specific Plant & Machinery funded by bank.

c) Term Loan with a balance of H 13.71 Lakhs (March 31, 2025: H 68.53 Lakhs) is repayable in one last instalment of H 13.71 Lakhs and

carries interest @ 8.85 % per annum (March 31, 2025: 8.85%). The said Term Loan having sanction limit of H 300.00 lakhs is secured
by first charge by way of hypothecation of specific plant and machinery funded by bank .

d) Term Loan with a balance of H 153.30 Lakhs (March 31, 2025: H 306.60 Lakhs) is repayable in 4 equal quarterly instalments of
H 38.33 Lakhs and carries interest @ 7.35 % per annum (March 31, 2025: 7.35%). The said Term Loan having sanction limit of H 740.00
lakhs is secured by first charge by way of hypothecation of specific plant and machinery funded by bank .

e) No loans have been guaranteed by the directors.

Terms & conditions :

a) Cash Credit facilities and Working Capital Demand Loans are secured by hypothecation of inventories/ book debts and other current
assets of the Company and further secured by second charge of movable and immovable fixed assets of Domjur Unit, West Bengal.

b) Working Capital facilities carries interest @ 6.45% to 10.65% p.a. (31st March 2025: @7.20% to 11.00% p.a.)

c) No loans have been guaranteed by the directors and others.

d) There is no default as on the balance sheet date in the repayment of borrowings and interest thereon.

e) The quarterly returns/statements filed by the Company with the banks are in agreement with the books of accounts of the Company.

A. Nature of goods and services

The following is a description of principal activities separated by reportable segments from which the Company generates its revenue:

The Company is engaged in the manufacturing of hosiery products and generates revenue from the sale of hosiery products and the
same is only the reportable segment of the Company.

B. Disaggregation of revenue

In the following table, revenue is disaggregated by primary geographical market, major products lines, timing of revenue recognition
and contract duration.

36C. Incremental Employee Benefit Liability pursuant to implementation of New Labour Codes

Pursuant to the notifications issued by the Ministry of Labour and Employment, the Code on Wages, 2019; the Code on Social Security,
2020; the Industrial Relations Code, 2020; and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred
to as the “New Labour Codes”), which became effective from November 21, 2025. Consequent to the implementation of the New Labour
Codes, the Company has reassessed its employee benefit obligations in accordance with the revised definition of wages prescribed
under the New Labour Codes. Accordingly, an incremental liability of H110.10 Lakhs arising from past service cost and recognised in
accordance with Ind AS 19 - Employee Benefits, has been disclosed as an Exceptional Item in the Statement of Profit and Loss.

The Company continues to monitor developments relating to the implementation of the New Labour Codes and will review its estimates
and assumptions on an ongoing basis.

36D. Settlement with Creditor of Erstwhile Licensed Brand Undertaking

During the year, the Company has recognised an amount of H157.00 Lakhs pursuant to settlement with a creditor of erstwhile licensed
brand undertaking, the licence for which had been surrendered in earlier years. The said amount has been disclosed as an Exceptional
Item in the Statement of Profit and Loss.

36A.Settlement of Entry Tax Liability

During the year, the Company recognised an amount of H236.46 Lakhs towards settlement of Entry Tax liability under the West
Bengal Sales Tax (Settlement of Dispute) Act, 2025. The said amount has been disclosed as an Exceptional Item in the Statement of
Profit and Loss.

36B. Impairment of Wind Turbine Generator (WTG)

During the year ended March 31, 2026, the Company recognised an impairment loss of H 58.22 Lakhs in respect of a Wind Turbine
Generator (WTG). The carrying amount of the asset immediately before recognition of the impairment loss was H 105.22 Lakhs and its
recoverable amount was assessed at H 47.00 Lakhs. The impairment loss has been presented as an Exceptional Item in the Statement
of Profit and Loss.

The impairment assessment was undertaken based on indicators of impairment identified during the year. The recoverable amount
of the WTG was determined based on its fair value less costs of disposal, with reference to a third-party purchase quotation for the
acquisition of the temporary suspended Wind Turbine Generator and its parts due to the incident of theft for which insurance claim has
been lodge by the company which is under process.

b) During FY 2024-25, the company has created a lien on interest bearing fixed deposit amounting to H 157 lakhs in favour of the registrar,
NCLAT, on behalf of Oban Fashions Pvt. Ltd., its wholly owned subsidiary in the matter of initiation of CIRP proceedings pursuant to an
application filed by a corporate creditor of the aforesaid subsidiary under Insolvency and Bankruptcy Code 2016. Pursuant to settlement
with the creditor, the Company recognised H 157 lakhs as an exceptional item during FY 2025-26.

41. Dividend

The Board of Directors at its meeting held on May 26, 2026 have recommended a payment of final dividend of H 3/- per equity share of face
value of H 1/- each for the financial year ended March 31, 2026. The same amounts to H 2,385.74 Lakhs, which is subject to approval of the
Shareholder at the ensuing Annual General Meeting and, accordingly, has not been recognised as a liability.

42. Employee Benefit (Defined Benefit Plan)

The Company has a Defined Benefit Gratuity plan. Every employee who has completed at least five years or more of service is entitled to
Gratuity on terms as per the provisions of The Payment of Gratuity Act, 1972. The Company has got an approved gratuity fund with Life
Insurance Corporation of India (LIC) to cover the gratuity liabilities.

The following tables summarize the components of net benefit expense recognized in the Statement of Profit and Loss and the funded status
and amounts recognized in the Balance Sheet for the plan.

Note:

43.1. Salary and perquisites paid/payable to Key Management Personnel are in the nature of Short term employee benefits. No other post
employment/ long term benefits are payable to them except entitlement of gratuity.

43.2. The remuneration to the Key Management Personnel and relatives of the Key Management Personnel does not include provision made
for Gratuity as it is determined on an actuarial basis for the Company as a whole.

43.3. Terms & Conditions of transactions with Related Parties:

The transactions with Related Parties have been entered at an amount which are not materially different from those on normal commercial terms.

43.4. The Company Secretary resigned from the service of the Company w.e.f. 28.02.2026. As on the date of signing of this Standalone
Financial Statements, no Company Secretary has been appointed. The position remained vacant after his resignation. The Company is in the
process of appointing a suitable candidate.

44. Leases

I. The Company has entered into agreements for taking on lease certain offices/ manufacturing units / warehouses on lease and licence
basis. The lease term is for a period ranging from 3 to 30 years, on fixed rental basis with escalation clauses in the lease agreements. In
addition to the above, the Company has certain leasehold land under finance lease arrangements for terms ranging from 90 to 97 years.

The changes in the carrying value of right of use assets for the year ended 31st March, 2026 are disclosed in Note 4(b).

45. Segment reporting

Operating segments are reported in a manner consistent with the internal reporting to the chief operating decision maker (CODM). The
Executive/Whole-time Directors of the Company being the CODM, assesses the financial performance and position of the Company
and makes strategic decisions. The CODM primarily uses earnings before interest, tax, depreciation and amortisation (EBITDA) as
performance measure to assess the performance of the operating segments. However, the CODM also receives information about the
segment's revenues, segment assets and segment liabilities on a regular basis.

A. Description of segment

The Company is principally engaged in a single business segment viz., Hosiery and Related Services.

48. Capital Management

The Company’s objective to manage its capital is to ensure continuity of business while at the same time provide reasonable returns to
its various stakeholders but keep associated costs under control. In order to achieve this, requirement of capital is reviewed periodically
with reference to operating and business plans that take into account capital expenditure and strategic investments. Apart from internal
accrual, sourcing of capital is done through judicious combination of equity and borrowings, both short term and long term. Refer Note
No. 51 for ratios monitored for capital management.

49. Disclosure on Financial Instrument

This section gives an overview of the significance of financial instruments for the Company and provides additional information on
balance sheet items that contain financial instruments

The details of material accounting policies, including the criteria for recognition, the basis of measurement and the basis on which
income and expenses are recognised in respect of each class of financial asset, financial liability and equity instrument are disclosed in
Note no. 3.12 to the standalone financial statements.

(a) Fair Value of Financial Asset & Liabilities

The Company has measured its Financial Asset and Financial Liabilities at Amortised Cost. Hence no separate disclosure has been
given for fair value hierarchy.

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale.

The carrying value of trade receivables, trade payables, cash and cash equivalents, loans, borrowings and other current financial assets
and liabilities approximate their fair values largely due to the short-term maturities.

(b) Financial Risk Management

The Company has a Risk Management Policy which covers risk associated with the financial assets and liabilities. The Risk Management
Policy is approved by the Board of Directors. The different types of risk impacting the fair value of financial instruments are as below:

(a) Credit risk

The credit risk is the risk of financial loss arising from counter party failing to discharge an obligation. The credit risk is controlled
by analysing credit limits and credit worthiness of customers on continuous basis to whom the credit has been granted, obtaining
necessary approvals for credit and taking security deposits from trade channels.

(i) Trade receivables

Customer credit risk is managed by the Company subject to the Company’s established policy, procedures and control
relating to customer credit risk management. Outstanding customer receivables are regularly monitored and major
customers are generally secured by obtaining security deposits/bank guarantee or other forms of credit insurance. The
maximum exposure to credit risk at the reporting date is the carrying value of Trade receivable disclosed in Note no. 11.

(b) Liquidity risk

The Company determines its liquidity requirement in the short term and long term. The Company manage its liquidity risk in a
manner so as to meet its financial obligations without any significant delay or stress. Such risk is managed through ensuring
operational cash flow while at the same time maintaining adequate cash and cash equivalent position. The management has
arranged for diversified funding sources and adopted a policy of managing assets with liquidity monitoring future cash flow and
liquidity on a regular basis. Besides, it generally has certain undrawn credit facilities which can be assessed as and when required;
such credit facilities are reviewed at regular basis.

(c) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices.
Market risk comprises two types of risk: interest rate risk and foreign currency risk. Financial instruments affected by market risk
include borrowings, trade receivable, trade payable and investments.

(i) Interest rate risk: Interest rate risk is the risk that the fair value or future cash flows of the Company’s financial instruments will
fluctuate because of changes in market interest rates.

The Company is exposed to risk due to interest rate fluctuation on long term borrowings. Such borrowings are based on fixed as
well as floating interest rate. Interest rate risk is determined by current market interest rates, projected debt servicing capability
and view on future interest rate. Such interest rate risk is actively evaluated and is managed through portfolio diversification and
exercise of prepayment/refinancing options where considered necessary.

The Company is also exposed to interest rate risk on surplus funds parked in fixed deposits . To manage such risks, such
investments are done mainly for short durations, in line with the expected business requirements for such funds.

(c) Foreign Currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in
foreign exchange rates. The Company does not have significant foreign currency exposure and hence, is not exposed to any
significant foreign currency risk.

52. Other Statutory Information

(a) Relationship with Struck off Companies

The Company does not have any transactions with struck off companies during the current and previous financial year.

(b) Disclosure in relation to undisclosed income

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 current and previous financial year in the tax assessments under the Income Tax Act, 1961 (such as,
search or survey or any other relevant provisions of the Income Tax Act, 1961).

(c) Details of Benami Property held

The Company does not have any Benami property. Further, there are no proceedings initiated or are pending against the Company for
holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder.

(e) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency during the current and previous financial year.

(f) Utilisation of Borrowed Fund & Share Premium

i) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding that the Intermediary 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.

ii) The Company have 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: (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.

(g) Disclosure for no wilful default

The Company has not been declared as a wilful defaulter by any bank or financial institution or any other lender.

(h) Compliance with number of layers of Companies

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies

(Restriction on number of Layers) Rules, 2017.

(i) Loans or Advances (Repayable on Demand or without specifying any terms or period of repayment) to Specified Persons

During the year ended March 31, 2026 the Company did not provide any loans or advances which is outstanding (repayable on demand

or without specifying any terms or period of repayment) to specified persons (H Nil as on March 31, 2025).

53. The Company has used accounting software(s) for maintaining its books of account 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(s), except that:

1. The feature of recording audit trail (edit log) w.r.t what has been changed is not enabled at the application layer of the accounting
software “Pragati” Application for maintaining the books of accounts.

2. The feature of recording audit trail (edit log) facility was not enabled at the database level to log any direct data changes for the
accounting software “SAP S/4 HANA” and “Pragati” Application used for maintaining the books of accounts.

Further, during the year there were no instances of the audit trail feature being tampered with wherein such audit trail feature was enabled.

Additionally, the audit trail has been preserved by the Company as per the statutory requirements for record retention to the extent it
was enabled and recorded in the prior years.

54. Previous year figures have been reclassified/regrouped wherever considered necessary, to conform the current year's classification.