(k) Provisions, contingencies and commitments

A provision is recognised when the company has a present obligation as a result of past
event, it is probable that an outflow of resources will be required to settle the obligation,

in respect of which a reliable estimate can be made. Provisions are not recognised for
future operating losses.

Where there are a number of similar obligations, the likelihood that an outflow will be
required in settlement is determined by considering the class of obligations as a whole.
A provision is recognised even if the likelihood of an outflow with respect to any one
item included in the same class of obligations may be small.

Provisions are measured at the present value of management's best estimate of the
expenditure required to settle the present obligation at the end of the reporting period.
The discount rate used to determine the present value is a pre-tax rate that reflects
current market assessments of the time value of money and the risks specific to the
liability. The increase in the provision due to the passage of time is recognised as interest
expense.

A disclosure for contingent liabilities is made where there is:

(a) a possible obligation that arises from past events and whose existence will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future
events not wholly within the control of the entity; or

(b) a present obligation that arises from past events but is not recognized because
it is not probable that an outflow of resources embodying economic benefits will be
required to settle the obligation; or the amount of the obligation cannot be measured
with sufficient reliability.

Commitments include the amount of purchase order (net of advances) issued to parties
for completion of assets.

(l) Employee benefit

Liabilities for wages and salaries, including non-monetary benefits that are expected to
be settled wholly within 12 months after the end of the period in which the employees
render the related service are recognized in respect of employees' services up to the
end of the reporting period and are measured at the amounts expected to be paid
when the liabilities are settled. The liabilities are presented as current employee benefit
obligations in the balance sheet.

(m) Dividend

Provision is made for the amount of any dividend declared, being appropriately
authorised and no longer at the discretion of the entity, on or before the end of the
reporting period but not distributed at the end of the reporting period.

(n) Earnings per share

Basic earnings per share is computed by dividing the profit/(loss) for the year by the
weighted average number of equity shares outstanding during the year. The weighted
average number of equity shares outstanding during the year is adjusted for treasury
shares, bonus issue, bonus element in a rights issue to existing shareholders, share split
and reverse share split.

Diluted earnings per share is computed by dividing the profit/(loss) for the year as
adjusted for dividend, interest and other charges to expense or income (net of any
attributable taxes) relating to the dilutive potential equity shares, by the weighted
average number of equity shares considered for deriving basic earnings per share and
the weighted average number of equity shares which could have been issued on the
conversion of all dilutive potential equity shares. Potential equity shares are deemed to
be dilutive only if their conversion to equity shares would decrease the net profit per
share from continuing ordinary operations. Potential dilutive equity shares are deemed
to be converted as at the beginning of the period, unless they have been issued at a
later date

(o) Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to
the nearest lakhs as per the requirement of Schedule III, unless otherwise stated.

2. Critical estimates and judgements

The preparation of financial statements requires the use of accounting estimates which,
by definition, will seldom equal the actual results. Management also needs to exercise
judgment in applying the company's accounting policies.

This note provides an overview of the areas that involved a higher degree of judgment or
complexity, and of items which are more likely to be materially adjusted clue to estimates
and assumptions turning out to be different than those originally assessed. Detailed
information about each of these estimates and judgments is included in relevant notes
together with information about the basis of calculation for each affected line item in the
financial statements.

The said estimates are based on the facts and events, that existed as at the reporting
date, or that occurred after that date but provide additional evidence about conditions
existing as at the reporting date.

Critical estimates and judgments

The areas involving critical estimates or judgments are:

• Estimated Fair value of financial instruments

• Estimated credit loss of trade receivables

Nature & purpose of other equity and reserves :

(a) 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

(b) Securities Premium Reserve:

Securities Premium Reserve is used to record the premium on issue of financial securities such as Equity
shares, Preference Shares, Compulsory Convertible Debentures. The reserve is utilised in accordance with
the provision of the Act.

(c) Retained Earnings:

Retained earnings represent the amount of accumulated earnings of the Company.

DUES TO MICRO AND SMALL ENTERPRISES_

Disclosure of payable to vendors as defined under the "Micro, Small and Medium Enterprise Development
Act, 2006" is based on the information available with the Company regarding the status of registration of such
vendors under the said Act, as per the intimation received from them on requests made by the company. There
are no overdue principal amounts / interest payable amounts for delayed payments to such vendors at the
Balance Sheet date. There are no delays in payment made to such suppliers during the year or for any earlier
years and accordingly there is no interest paid or outstanding interest in this regard in respect of payments
made during the year or brought forward from previous years.

Notes:

(i) No balances in respect of the related parties has been provided for/written off / written back, except
what is stated above

(ii) Related party relationship is as identified by the management and relied upon by the auditors.

(i) Fair value hierarchy

This section explains the judgments and estimates made in determining the fair values of the financial instruments
that are (a) recognised and measured at fair value and (b) measured at amortised cost and for which fair values are
disclosed in the financial statements. To provide an indication about the reliability of the inputs used in determining
fair value, the group has classified its financial instruments into the three levels prescribed under the accounting
standard. An explanation of each level follows underneath the table.

Level 1 : Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed
equity instruments, traded bonds and mutual funds that have quoted price. The fair value of all equity instruments
(including bonds) which are traded in the stock exchanges are valued using the closing price as at the reporting
period.

Level 2: The fair value of financial instruments that are not traded in an active market (for example, traded bonds,
over-the counter derivatives) is determined using valuation techniques which maximise the use of observable
market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an
instrument are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included
in level 3.

(ii) Valuation technique used to determine fair value

Specific valuation techniques used to value financial instruments include:

- the use of quoted market prices or dealer quotes for similar instruments

- the use of discounted cash flow for fair value at amortised cost

The Company's activities expose it to business risk, interest rate risk, liquidity risk and credit risk. In order
to minimise any adverse effects on the financial performance, the company's risk management is carried
out by a corporate treasury and corporate finance department under policies approved by the board of
directors and top management.Company's treasury identifies, evaluates and mitigates financial risks in close
cooperation with the Company's operating units. The board provides guidance for overall risk management,
as well as policies covering specific areas.

(A) Credit Risk

Credit risk is managed at segment as well as Company level. For banks and financial institutions, only high
rated banks/institutions are accepted.

For other financial assets, the Company assesses and manages credit risk based on internal control and credit
management system. The finance function consists of a separate team who assess and maintain an internal
credit management system. Internal credit control and management is performed on a group basis for each
class of financial instruments with different characteristics.

The company considers whether there has been a significant increase in credit risk on an ongoing basis
throughout each reporting period. It considers available reasonable and supportive forward-looking
information.

Macroeconomic information (such as regulatory changes, market interest rate or growth rates) are also
considered as part of the internal credit management system.

A default on a financial asset is when the counterparty fails to make payments as per contract. This definition
of default is determined by considering the business environment in which entity operates and other macro¬
economic factors.

Financial assests are written off when there is no reasonable expectations of recovery, such as a debtor failing
to engage in a repayment plan with the Company. Where loans or receivables have been written off, the
Company continues to engage in enforcement activity to attempt to recover the receivable due. Where
recoveries are made, these are recognized as income in the statement of profit and loss.

The Company measures the expected credit loss of trade receivables and loan from individual customers
based on historical trend, industry practices and the business environment in which the entity operates.
Loss rates are based on actual credit loss experience and past trends. Based on the historical data, loss on
collection of receivable is not material hence no additional provision considered.

(B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the
availability of funding to meet obligations when due. Due to the dynamic nature of the underlying businesses,
Company's treasury maintains flexibility in funding by maintaining sufficient cash and bank balances available
to meet the working capital requirements. Management monitors rolling forecasts of the group's liquidity
position (comprising the unused cash and bank balances along with liquid investments) on the basis of
expected cash flows. This is generally carried out at Company level in accordance with practice and limits set
by the group. These limits vary to take into account the liquidity of the market in which the Company operates.

The tables below analyse the group's financial liabilities into relevant maturity groupings based on their
contractual maturities for:

all non-derivative financial liabilities, and the amounts disclosed in the table are the contractual undiscounted
cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not
significant.

(C) Market risk

(i) Price Risk

(a) Exposure

The Company's exposure to equity securities price risk arises from investments held by the Company and
classified in the balance sheet at fair value through OCI .

(b) Sensitivity

The table below summarizes the impact of increases/decreases of the BSE index on the Company's equity
and Gain/Loss for the period. The analysis is based on the assumption that the index has increased by 5 %
or decreased by 5 % with all other variables held constant, and that all the Company's equity instruments
moved in line with the index.

21 Capital management
(a) Risk management

The Company's objectives when managing capital are to

1. 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

2. Maintain an optimal capital structure to reduce the cost of capital.

In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to
shareholders, return capital to shareholders, issue new shares, reduce debt or sell assets.

25 Additional disclosure requirement as applicable to company as on 31st March 2025 as specified in
revised Schedule III of the companies act while preparation and presentation of financial statement is
as follows :

i) The company has during the current financial year not undertaken revaluation its property and plant and
machinery

ii) There is no proceeding initiated or pending against the company during the year for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

iii) The Company has utilised all the borrowings for the purpose for which they have been borrowed.

iv) The company is not declared wilful defaulter by any bank or financial Institution or any other lenders.

v) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

vi) . During the financial year 2024 2025, company has not done any transaction with companies struck off
under section 248 of the Companies Act 2013

vii) The Company has not entered into any scheme of arrangement during the fiancial year 2024-25

26 Other than in the normal and ordinary course of business there are no funds that have been advanced or
loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds)
by the Company to or in any other persons or entities, including foreign entities ("Intermediaries"), with the
understanding, whether recorded in writing or otherwise, that the Intermediary shall directly or indirectly lend
or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on
behalf of the Company; or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

27 Contingent Liabilities

In the opinion of the management, there is no contingent liability and adequate provision has been made
for all known liabilities, except interest and penalty as may arise.

28 Figures pertaining to previous year have been regrouped/reclassified wherever found necessary to conform
to current year presentation

Signature to Notes No 1 to 28

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

For Bagaria & Co LLP wof SW Investments Limited

Chartered Accountants

(Firm Registration No. 113447W/W-100019)

Lalitha Cheripalli Pankaj Jain

Whole Time Director Director

(DIN:07026989) (DIN:00048283)

Vinay Somani Sandhya Malhotra Gautam Pachal

Partner Director Director

Membership No. 143503 (DIN : 06450511) (DIN : 07826634)

Place : Mumbai Jay Master Shaily Dedhia

Date : 27th May 2025_Chief Financial Officer Company Secretary