Notes to Accounts of Jyoti CNC Automation Ltd.

VII. Provisions, Contingent Liabilities & Contingent
Assets

Provisions are recognised when the Company has a
present obligation (legal or constructive) as a result
of a past event, it is probable that the Company will be
required to settle the obligation, and a reliable estimate
can be made of the amount of the obligation. The amount
recognised as a provision is the best estimate of the
consideration required to settle the present obligation at
the end of the reporting period, taking into account the
risks and uncertainties surrounding the obligation.

Provisions for the expected cost of warranty obligations
are recognized at the date of sale of the relevant products,
at the management''s best estimate of the expenditure
required to settle the company''s obligation

Long-term provisions are determined by discounting the
expected future cash flows at a pre-tax rate that reflects
current market assessments of the time value of money.
Short term provisions are carried at their redemption
value and are not offset against receivables from
reimbursements.

Contingent liabilities are disclosed when there is a
possible obligation arising from past events, the existence
of which will be confirmed only by the occurrence or non¬
occurrence of one or more uncertain future events not
wholly within the control of the Company or a present
obligation that arises from past events where it is either
not probable that an outflow of resources will be required
to settle or a reliable estimate of the amount cannot be
made.

Contingent Assets are neither recognized nor disclosed
in the Notes forming part of the Financial Statements

IX. Foreign currency transactions, translation

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

Exchange Differences relating to Long Term Monetary
Items that are in substance forming the part of the
Company''s net investment in non-integral foreign
operations are accumulated in Foreign Currency
Translation Reserve Account.

Non-monetary items that are measured in terms of
historical cost in a foreign currency are recorded using
the exchange rates at the date of the transaction.

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

X. Employee Benefits

1) Short Term Employee Benefits

The undiscounted amount of short term employee
benefits expected to be paid in exchange for the services
rendered by employees are recognised as an expense
during the period when the employees render the services.

2) Post-Employment Benefits

a. Defined Contribution Plan: Provident Fund and
Employee State Insurance

Contributions under defined contribution plans are
recognised as expense for the period in which the
employee has rendered the service. Payments made to
state managed retirement benefit schemes are dealt with
as payments to defined contribution schemes where the
Company''s obligations under the schemes are equivalent
to those arising in a defined contribution retirement
benefit scheme.

b. Defined Benefits Plan:

(i) Gratuity

For defined benefit retirement schemes, the cost of
providing benefits is determined using the Discounting
Cash flow Method, with actuarial valuation being carried
out at each year-end balance sheet date. Remeasurement
gains and losses of the net defined benefit liability/(asset)
are recognised immediately in other comprehensive
income. The service cost and net interest on the net
defined benefit liability/(asset) are recognised as an
expense within employee costs. Past service cost is
recognised as an expense when the plan amendment
or curtailment occurs or when any related restructuring
costs or termination benefits are recognised, whichever
is earlier.

The retirement benefit obligations recognised in the
balance sheet represents the present value of the defined
benefit obligations as reduced by the fair value of plan
assets.

(ii) Compensated absences

Compensated absences which are expected to occur
after the end of the period in which the employee renders
the related service are recognised based on actuarial
valuation at the present value of the obligation as on the
reporting date.

XI. Income Taxes

Tax expenses comprise of current and deferred tax.
Current and deferred tax are recognized as an expense or
income in the statement of profit and loss, except when
they relate to items credited or debited either in other
comprehensive income or directly in other equity, in which
case the tax is also recognized in other comprehensive
income or directly in equity.

1) Current Tax

The tax currently payable is based on taxable profit for
the year. Taxable profit differs from net profit as reported
in the statement of profit and loss because it excludes
items of income or expense that are taxable or deductible
in other years and it further excludes items that are never
taxable or deductible.

The Company''s liability for current tax is calculated
using tax rates and tax laws that have been enacted or
substantively enacted in country where the Company
operate by the end of the reporting period.

1) Deferred Tax

Deferred tax is provided using the liability method on
temporary differences between the tax bases of assets
and liabilities and their carrying amounts for financial
reporting purposes at the reporting date. Deferred
tax liabilities are recognised for all taxable temporary
differences.

Deferred tax is the tax expected to be payable or
recoverable on differences between the carrying value
of assets and liabilities in the financial statements and
the corresponding tax bases used in the computation
of taxable profit, and is accounted for using the balance
sheet liability method. Deferred tax liabilities are generally
recognized for all taxable temporary differences. In
contrast, deferred tax assets are only recognized to the
extent that it is probable that future taxable profits will be
available against which the temporary differences can be
utilised.

The carrying value of deferred tax assets is reviewed
at the end of each reporting period and reduced to the
extent that it is no longer probable that sufficient taxable
profits will be available to allow all or part of the asset
to be recovered. Deferred tax is calculated at the tax
rates that are expected to apply in the period when
the liability is settled or the asset is realised based on
the tax rates and tax laws that have been enacted or
substantially enacted by the end of the reporting period.
The measurement of deferred tax liabilities and assets
reflects the tax consequences that would follow from the
manner in which the company expects, at the end of the
reporting period, to cover or settle the carrying value of its
vassets and liabilities.

Deferred tax assets include Minimum Alternate Tax
(MAT) paid in accordance with the tax laws in India, which
is likely to give future economic benefits in the form of
availability of set off against future income tax liability.
MAT is recognized as deferred tax assets in the balance
sheet when the asset can be measured reliably and it is
probable that the future economic benefit associated
with the asset will be realized.

XII. Inventories

Inventories are measured at the lower of Cost and Net
Realizable Value. The cost of inventories is ascertained
on the weighted average basis, and includes expenditure
incurred in acquiring the inventories, production or
conversion costs and other costs incurred in bringing
them to their present location and condition but does not
include statutory levies of whom input credits is availed
by the company.

Costs of Finished Goods and Works-in-Progress are
determined by taking material cost [Net of Input tax
credit availed], labour and relevant appropriate overheads
based on the normal operating capacity, but excluding
borrowing costs.

Net realizable value is the estimated selling price in the
ordinary course of business, less the estimated costs
of completion and selling expenses. The net realisable
value of work in progress is determined with reference to
the selling prices of related finished products

XIII. Revenue Recognition
1) Contract Revenue :

Revenue from fixed price contracts is recognised over
time, when the outcome of the contract can be estimated
reliably by reference to the percentage of completion of
the contract on the reporting date under input method.
Percentage of completion is determined as a proportion
of costs incurred-to-date to the total estimated contract
costs. In respect of process technology and design
and engineering contracts percentage of completion is
measured with reference to the milestones specified in
the contract, which in the view of the management reflects
the work performed and to the extent it is reasonably
certain of recovery.

Contract costs include costs that relate directly to the
specific contract and costs that are attributable to the
contract activity and allocable to the contract. Costs that
cannot be attributed to contract activity are expensed
when incurred.

When the final outcome of a contract cannot be
reliably estimated, contract revenue is recognised
only to the extent of costs incurred that are expected
to be recoverable. The provision for expected loss is
recognissed immediately when it is probable that the
total estimated contract costs will exceed total contract
revenue.

Variations, claims and incentives are recognised as a part
of contract revenue to the extent it is probable that they
will result in revenue and are capable of being reliably
measured.

Determination of revenues under the percentage
of completion method necessarily involves making
estimates by the company, some of which are of
a technical nature, concerning, where relevant, the
percentage of completion, costs to completion, the
expected revenues from the project / activity and the
foreseeable losses to completion.

Execution of contracts necessarily extends beyond
accounting periods. Revision in costs and revenues
estimated during the course of the contract are reflected
in the accounting period in which the facts requiring the
revision become known.

2) Sale of Goods:

The Company recognizes revenue from sale of goods
measured at the fair value of the consideration received or
receivable, upon satisfaction of performance obligation
which is at a point in time when control of the goods is
transferred to the customer. Depending on the terms of
the contract, which differs from contract to contract, the
goods are sold on a reasonable credit term.

3) Sale of Services:

Sale of services are recognised on satisfaction of
performance obligation towards rendering of such
services

4) Export Incentive:

Export incentives are recognized when the right to
receive payment/ credit is established and no significant
uncertainty as to measurability or collectability exists.

5) Interest Income:

Interest income from a financial asset is recognised when
it is probable that the economic benefits will flow to the
Company and the amount of income can be measured
reliably.

XIV. Borrowing Costs

Borrowing costs that are directly attributable to the
acquisition, construction or production of a qualifying

asset are capitalised during the period of time that
is required to complete and prepare the asset for its
intended use or sale. Qualifying assets are assets that
necessarily take a substantial period of time to get ready
for their intended use or sale.

Investment income earned on the temporary investment
of specific borrowings pending their expenditure on
qualifying assets is deducted from the borrowing costs
eligible for capitalization.

Other borrowing costs are expensed in the period in
which they are incurred.

XV. Impairment of Non-Financial Assets

The Company assesses at each reporting date as to
whether there is any indication that any Property, Plant
and Equipment and Intangible Assets or group of Assets,
called Cash Generating Units (CGU) may be impaired. If
any such indication exists, the recoverable amount of
an asset or CGU is estimated to determine the extent of
impairment, if any.

When it is not possible to estimate the recoverable
amount of an individual asset, the Company estimates
the recoverable amount of the CGU to which the asset
belongs.

An impairment loss is recognised in the Statement of
Profit and Loss to the extent, asset''s carrying amount
exceeds its recoverable amount. The recoverable amount
is higher of an asset''s fair value less cost of disposal
and value in use. Value in use is based on the estimated
future cash flows, discounted to their present value
using pre-tax discount rate that reflects current market
assessments of the time value of money and risk specific
to the assets

The impairment loss recognised in prior accounting
period is reversed if there has been a change in the
estimate of recoverable amount.

XVI. Government Grants

Government grants are recognised in accordance with the
terms of the respective grant on accrual basis considering
the status of compliance of prescribed conditions and
ascertainment that the grant will be received.

Government grants related to revenue are recognised on
a systematic and gross basis in the Statement of Profit
and Loss over the period during which the related costs
intended to be compensated are incurred.

Government grants related to assets are recognised as

income in equal amounts over the expected useful life of
the related asset.

XVII. Cash Flow Statement and Cash and Cash
Equivalents

Cash Flows are reported using Indirect method, whereby
profit before tax is adjusted for the effects of transactions
of non-cash nature, any deferrals or accruals of past or
future operating cash receipts or payments and items of
income or expense associated with investing or financing
cash flows. Cash and cash equivalents include cash on
hand and balances with banks in current and deposit
accounts.

XVIII. Dividends

Final dividend on shares are recorded as a liability on
the date of approval by the shareholders at the annual
general meeting and interim dividend are recorded as
a liability on the date of declaration by the Company''s
Board of Directors.

XIX. Earnings per Share

Basic Earnings Per Share are calculated by dividing
the net profit or loss [excluding other comprehensive
income] for the period attributable to Equity Shareholders
by the Weighted Average Number of Equity Shares
outstanding during the period. Earnings considered in
ascertaining the Company''s Earnings per Share are the
Net Profit after Tax for the Year. The Weighted Average
Numbers of Equity Shares outstanding during the period
are adjusted for events of Bonus Issue and Sub-division
of Shares.

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

XX. Standards Issued and Effective

The Ministry of Corporate Affairs vide notification dated
7 May 2025 and 13 August 2025 notified the Companies
(Indian Accounting Standards) Amendment Rules, 2025
and Companies (Indian Accounting Standards) Second
Amendment Rules, 2025, respectively, which amended
certain accounting standards (see below), and are
effective for annual reporting periods beginning on or
after 1 April 2025:

a) Classification of Liabilities as Current or Non¬
current and Non-current Liabilities with Covenants -

Amendments to Ind AS 1

b) Supplier Finance Arrangements - Amendments to Ind
AS 7 and Ind AS 107

c) International Tax Reform - Pillar Two Model Rules -
Amendments to Ind AS 12

d) Lack of Exchangeability - Amendments to Ind AS 21

These amendments did not have any material impact
on the amounts recognised in prior periods and are not
expected to significantly affect the current or future
periods.

XXI. Standards Issued but Not Yet Effective

Classification of Liabilities as Current or Non-current and
Non-current Liabilities with Covenants - Amendments
to Ind AS 1 The Management does not expect this
amendment to have an impact on its operations or
financial statements.

3. USE OF JUDGEMENTS, ESTIMATES
AND ASSUMPTIONS

While preparing financial statements in conformity with
Ind AS, the management has made certain estimates
and assumptions that require subjective and complex
judgments. These judgments affect the application
of accounting policies and the reported amount of
assets, liabilities, income and expenses, disclosure
of contingent liabilities at the statement of financial
position date and the reported amount of income and
expenses for the reporting period.

Financial reporting results rely on the management
estimate of the effect of certain matters that are
inherently uncertain. Future events rarely develop
exactly as forecasted and the best estimates require
adjustments, as actual results may differ from these
estimates under different assumptions or conditions.
Estimates and underlying assumptions are reviewed on
an ongoing basis. Revisions to accounting estimates are
recognized prospectively.

Judgment, estimates and assumptions are required in
particular for:

a. Recognition and measurement of defined benefit
obligations

The obligation arising from defined benefit plan is
determined on the basis of actuarial assumptions. Key
actuarial assumptions include discount rate, trends in
salary escalation, actuarial rates and life expectancy. The
discount rate is determined by reference to market yields

at the end of the reporting period on government bonds.
The period to maturity of the underlying bonds correspond
to probable maturity of tire post-employment benefit
obligations. Due to complexities involved in the valuation
and its long term nature, defined benefit obligation is
highly sensitive to changes in these assumptions. All
assumptions are reviewed at each reporting period.

b. Recognition of deferred tax liabilities and assets

Deferred tax assets and liabilities are recognized for
the future tax consequences of temporary differences
between the carrying values of assets and liabilities and
their respective tax bases, and unutilized business loss
and depreciation carry-forwards and tax credits.

Deferred tax assets are recognized to the extent that it
is probable that future taxable income will be available
against which the deductible temporary differences,
unused tax losses, depreciation carry-forwards and
unused tax credits could be utilized.

c. Discounting of financial assets / liabilities

All financial assets / liabilities are required to be measured
at fair value on initial recognition. In case of financial
assets / liabilities which are required to be subsequently
measured at amortized cost, interest is accrued using the
effective interest method.

d. Provisions

Significant estimates are involved in the determination
of provisions related to liquidated damages and warranty
costs. The Company records a provision for onerous
sales contracts when current estimates of total contract
costs exceed expected contract revenue. The provision
for warranty, liquidated damages, onerous contracts is
based on the best estimate required to settle the present
obligation at the end of the reporting period.

Legal proceedings often involve complex legal issues
and are subject to substantial uncertainties. Accordingly,
considerable judgment is part of determining whether it
is probable that there is a present obligation as a result
of a past event at the end of the reporting period, whether
it is probable that such a Legal Proceeding will result in
an outflow of resources and whether the amount of the
obligation can e reliably estimated. Internal and external
counsels are generally part of the determination process.

e. Project revenue and costs

The Company uses the percentage-of-completion
method in accounting for its fixed-price contracts. Use of
the percentage-of-completion method requires the group
to estimate the costs expended to date as a proportion of
the total costs to be expended. Costs expended have been
used to measure progress towards completion as there
is a direct relationship between input and productivity.

Provisions for estimated losses, if any, on uncompleted
contracts are recorded in the period in which such
losses become probable based on the expected contract
estimates at the reporting date.

In the period of five years immediately preceding March
31,2026

I. The Company has completed initial public offer (IPO) of
its Equity Shares of face value of ? 2/- each and raised sum
of ? 1,000 Cr. Under the IPO, the company had allotted total
3,02,11,480 equity shares amongst eligible employees at
Price of ?316 and other categories of Investors at price
of ? 331. The equity shares of the Company were allotted
on January 12, 2024 vide a resolution dated January 12,
2024 passed by IPO Committee of the Board of Directors
of the Company. The equity shares of the Company were
listed on January 16, 2024 at BSE Limited (BSE) and
National Stock Exchange of India Limited (NSE).

II. The Board of Directors of the Company, vide a
resolution passed at the meeting held on December 04,
2023, convert all outstanding 19,64,275 Compulsory
Convertible Preference Shares (CCPS) of ? 2/- per share
into 14,47,357 Equity Shares of face value of ? 2/- per
share in ratio of 1:0.73.

III. The shareholders of the Company, at their Extra
Ordinary General Meeting ("EOGM") held on August 19,
2023, had accorded thier consent for split of Authorised
Share Capital of ? 57,00,00,000/- consist of 450,00,000
Equity Shares of Face Value of Rs 10/- Each and 20,00,000
Preference Shares of Face Value of ? 10/- Each. After
Split, the Authorised Share Capital of the Company stand
at ? 57,00,00,000/- consist of 22,50,00,000 Equity Shares
of Face Value of ? 2/- Each and 1,00,00,000 Preference
Shares of Face Value of ? 2/- Each.

Further, pursuant to the consent of shareholders of the
company at the same EOGM, the Company has increased
its Authorised Share Capital from ? 47,00,00,000/- divided
into 22,50,00,000 Equity Shares of Face Value of ? 2/-
Each and 1,00,00,000 Preference Shares of Face Value
? 2/- Each to ? 57,00,00,000/- divided into 27,50,00,000
Equity Shares of Face Value of ? 2/- Each and 1,00,00,000
Preference Shares of Face Value ? 2/- Each and
accordingly amended Clause V of Memorandum of
Association of the Company.

IV. Pursuant to the consent of Shareholders of the
Company accorded at their Extra Ordinary General
Meeting ("EOGM") held on June 17, 2023, the Company
had allotted 3,82,052 Equity Shares of Face Value of
? 10/- Each and 3,92,855 Compulsory Convertible
Preference Shares of face value of ? 10/- Each on the
Private Placement Basis at a Price of ? 980/- Per Share
and raised ? 75.94 Cr.

V. Pursuant to the consent of Shareholders of the Company
at their Extra Ordinary General Meeting ("EOGM") held on
April 04, 2023, the Company has allotted, on preferential
basis, 58,40,000 Equity Shares of Face Value of ? 10/-
Each at Price of ? 154/- Per Shares to the Promoters
against conversion of thier Outstanding Unsecured Loan
of ? 89.94 Cr extended to the Company.

VI. Pursuant to the consent of Shareholders of the
Company at their Extra Ordinary General Meeting

("EOGM") held on July 30, 2022, the Company has
allotted, on preferential basis, 34,50,000 Equity Shares of
Face Value of ? 10/- Each at Price of ? 145/- Per Shares
to the Promoters against conversion of thier Outstanding
Unsecured Loan of ? 50.03 Cr extended to the Company.

15.1 Right, Preferences & Restrictions Attached to the
Shares:

The Company has one class of equity shares having a
Par Value of ?2 each. Each Shareholder is eligible for
one vote per share held and carry a right of dividend. The
divident proposed by the Board of Directors is subject
to approval of the shareholders in the ensuring Annual
General Meeting, except in case of interim dividend. In
the event of liquidation, the equity shareholders are
eligible to receive the remaining assets of the Company
after distribution of all preferential amounts, in proportion
to their shareholding.

As at March 31, 2026 ? 589.35 Cr (March 31, 2025,
?198.24 Cr) of the total outstanding borrowings were
secured by a charge on property, plant and equipment,
inventories, receivables and other current assets.

As at March 31, 2026, the register of charges of the
Company as available in records of the Ministry of
Corporate Affairs (MCA) includes charges that were
created/modified since the inception of the Company.
There are certain charges which are historic in nature and
it involves practical challenges in obtaining no-objection
certificates (NOCs) from the charge holders of such
charges, despite repayment of the underlying loans. The
Company is in the continuous process of filing the charge
satisfaction e-form with MCA, within the timelines, as and
when it receives NOCs from

Details of Borrowing as at March 31,2026 is as below :

A. Loan from Bank & Financial Institution

(i) Rupee Loan outstanding as at 31st March, 2026 is 0.21
Cr (31st March, 2025 Amounting to Rs. 0.26 Cr) by Union
Bank of India is repayable in Monthly Installment and
Last Installment will be on 17th July, 2030 having interest
rate of 8.85%.

(ii) Rupee Loan outstanding as at 31st March, 2026 is
3.51 Cr (31st March, 2025 Amounting to Rs. Nil) by ICICI
Bank is repayable in Monthly

Installment and Last Installment will be on 15th January,
2031 having interest rate of 8.85%.

(iii) Rupee Loan outstanding as at 31st March, 2026
Amounting to Rs.95.51Cr (31st March, 2025 is Rs. Nil) by
Axis Finance Limited is repayable in Quaterly Installment
and Last Installment will be on 1st November, 2032
having interest rate at AFLR-6.45%.

(iv) Rupee Loan outstanding as at 31st March, 2026 is
266.80 Cr (31st March, 2025 Amounting to Rs. Nil) by
Union Bank of India is repayable in Quaterly Installment
and Last Installment will be on 30th September, 2033
having interest rate of 1Y MCLR 0.25%.

B. Loan Repayable on Demand

(i) Working Capital Limits of Rs. 250 Cr. (Utilised as on
31st March 2026 is Rs. 143 Cr.) (Utilised as on 31st
March 2025 is Rs. 197.98 Cr.) provided by Union Bank of
India which is to be renewed every year is having Interest
Rate of MCLR 1yr.

(ii) Working Capital Limits of Rs. 110 Cr. (Utilised as on
31st March 2026 is Rs. 55.32 Cr.) (Utilised as on 31st
March 2025 is Rs. Nil) provided by SB.

(iii) Working Capital Limits of Rs. 50 Cr. (Utilised as on
31st March 2026 is Rs. 25 Cr.) (Utilised as on 31st March
2025 is Rs. Nil) provided by AXIS B.

Sensitivity analysis is performed by varying a single
parameter while keeping all the other parameters
unchanged. Sensitivity analysis fails to focus on the
interrelationship between underlying parameters.
Hence,the results may vary if two or more variables are
changed simultaneously. The method used does not
indicate anything about the likelihood of change in any
parameter and the extent of the change if any

Asset Liability Status for Gratuity

Gratuity Benefits liability of company are funded. There
are no minimum funding requirement for a gratuity plan
and there is no compulsion on part of company to fully
or partially pre-fund the liabilities under the Plan. The
trustees of the plan have outsourced the investment
management of the fund to an insurance company.

The insurance company in turn manages these funds
as per the mandate provided to them by the trustees
and the asset allocation which is within the permissible
limits prescribed in the insurance regulations. Due to the
restrictions in the type of investments that can be held
by the fund, it may not be possible to explicitly follow an
asset-liability matching strategy to manage risk actively
in a conventional fund.

Asset Liability Status for Leave Encashment

Privilege Leave Benefits liabilities of Entity are Unfunded.
There is no minimum funding requirements for a Privilege
Leave benefits plan and there is no compulsion on the
part of entity to fully or partially pre-fund liabilities under
the plan. Since liabilities are unfunded, there is no Asset-
Liability Matching stratergy devised for the plan.

36. SEGMENTAL INFORMATION

The company started building medical devise, mainly ventilators in view of the global pandemic which struck India
in March 2020 as a good Corporate measure towards social responsibility and as a goodwill gesture to fight this
unknown disease. The company does not have any intention to pursue the said business in future and hence shall not
form part of the overall portfolio of business going forward. Accordingly the company has not disclosed information
under Segment Reporting as this has not been considered as an Operating Segment.

37. CORPORATE SOCIAL RESPONSIBILITY (CSR)

As per Section 135 of the Companies Act, 2013, a CSR committee has been formed by the Company. The areas for
CSR activities are eradicating hunger, poverty and malnutrition, promoting preventive health care including preventive
health care, ensuring environmental sustainability education, promoting gender equality and empowering women and
other activities. The amount has been expended on the activities which are specified in Schedule VII of the Companies
Act, 2013.

The carrying amount of cash and cash equivalents, trade receivables, fixed deposits, trade payables, other payables
and short-term borrowings are considered to be the same as their fair values.

There have been no transfers among Level 1, Level 2 and Level 3 during the period.

C. Financial risk management objectives and policies

The Company''s activities exposes it to a variety of financial risks including market risk, credit risk and liquidity risk. The
Company''s primary risk management focus is to minimize potential adverse effects of financial risks on its financial
performance. The Company''s risk management assessment and policies and processes are established to identify
and analyze the risks faced by the Company, to set appropriate risk limits and controls, and to monitor such risks
and compliance with the same. Risk assessment and management policies and processes are reviewed regularly to
reflect changes in market conditions and the Company''s activities. The Company does not enter into or trade financial
instruments, including derivative financial instruments, for speculative purposes.

1. Market Risk:

Market risk is the risk of any loss in future earnings, in realizable fair values or in future cash flows that may result from
a change in the price of a financial instrument. The value of a financial instrument may change as a result of changes
in the interest rates, foreign currency exchange rates, equity price fluctuations, liquidity and other market changes.
Future specific market movements cannot be normally predicted with reasonable accuracy.

Capital management

For the purpose of the Company''s capital management, capital includes issued equity capital, share premium and all
other equity reserves attributable to the equity holders of the parent. The primary objective of the Company''s capital
management is to maximise the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and
the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the
dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital
using a gearing ratio, which is net debt divided by total capital plus net debt. The Company''s policy is to keep optimum
gearing ratio. The Company includes within net debt, interest bearing loans and borrowings, trade and other payables,
less cash and cash equivalents, excluding discontinued operations.

42.

The company has investments of Rs. 341.60 Cr and outstanding loans and advances of Rs. 160.11 Cr as at March 31
2026 in its wholly owned subsidiary Jyoti SAS, France which are stated at Note no. 5 & 12 respectively to the Notes
to the Standalone Financial Statements which in turn are invested in Huron Graffenstaden SAS France, its operating
step-down subsidiary. In view of recurring losses recorded by the operating step-down subsidiary there is substantial
erosion in net-worth of the wholly owned subsidiary. Further, based on suspicion of exporting certain machines with
dual-use technology in violation of European Union laws, Investigation Agencies in France has initiated a Judicial
Investigation against Huron Graffenstanden SAS and certain of its employees. The Investigations is still going on and
as an interim measure, the Investigation Agencies in France have taken actions which includes restriction on Director
General of Huron Graffenstanden SAS from discharge of his duties, control over export license of certain machines,
interim seizure of funds totaling to Euro 3.02 million at present and two residential properties owned by Jyoti SAS.
Since, the investigation is at very early stages it is not possible to determine the financial impact of the same. The
company is denying the allegations made by the investigating agency and is defending the same under legal guidance.
The company''s management has tested this investments, loans and advances for impairment in accordance with
IND As 36. The recoverable amount of the investments and loans and advances in the wholly owned subsidiary is
assessed based on future discounted cash flows of the subsidiary including operating step-down subsidiary and also
considering the management''s commitment towards the strategic nature of investments in the highly technical nature
of the business of step down subsidiary and its renowned brand value, no provision for impairment is required to be
made in respect of these investment and loans & advances.

43.

Balances in the accounts of trade receivables, loans and advances, trade payables and other current liabilities are
subject to confirmation / reconciliation, if any. The management does not expect any material adjustment in respect
of the same effecting the financial statements on such reconciliation / adjustments.

Events after the end of the reporting year

No subsequent event has been observed which may require an adjustment to the statement of financial position.

44.

The figures of the previous year have been regrouped, wherever necessary to conform with the current year classification.

44.

Additional Regulatory information required by Schedule III

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

The company has taken working capital loan from banks on the basis of security of current assets. The quarterly
returns or statements of current assets filed by the company with banks are in agreement with the books of
accounts.

ii. The company has not been declared wilful defaulter by any bank or financial institution or any lender.

iii. The company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act,
1956.

iv. The company has complied with the number of layers prescribed under the Companies Act, 2013.

v. The company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year.

vi. "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

The company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party)

with the understanding (whether recorded in writing or otherwise) that the company shall:

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 on behalf of the ultimate beneficiaries."

viii. There is no income surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961, that has not been recorded in the books of account.

ix. The company has not traded or invested in crypto currency or virtual currency during the current or previous year.

x. The company has not revalued its property, plant and equipment (including right-of-use assets) or intangible
assets or both during the current or previous year.

xi. The title deeds of all the immovable properties (other than properties where the company is the lessee and the
lease agreements are duly executed in favour of the lessee), as disclosed in notes 4(a) to the financial statements,
are held in the name of the company.

xii. There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the
statutory period. Except for as mentioned under Sub Note of Note 17A and 17B.

i. Pursuant to the Special Resolution Passed by Shareholders of the Company at their Extra Ordinary General Meeting held on July 30, 2022, the Company has allotted, on preferential basis, 34,50,000 Equity Shares of Face Value of ? 10/- Each at Price of ? 145/- Per Shares to persons forming part of Promoters against conversion of an Unsecured Loan of ? 50,02,50,000/- extended by such Promoters.

ii. "Pursuant to the Special Resolution Passed by Shareholders of the Company at their Extra Ordinary General Meeting held on August 19, 2023, the Company has Splitted its Authorised Share Capital of ? 47,00,00,000/-, divided into 450,00,000 Equity Shares of Face Value of Rs 10/- Each and 20,00,000 Preference Shares of Face Value of ? 10/- Each, and the Authorised Share Capital of the Company, after Split is ? 47,00,00,000/- consist of ? 45,00,00,000/- Equity Share Capital divided into 22,50,00,000 Equity Shares of Face Value of ? 2/- Each and

1.00. 00.000 Preference Shares of Face Value of ? 2/- Each.

Further, pursuant to the Special Resolution Passed by Shareholders of the Company at their Extra Ordinary General Meeting held on August 19, 2023, the Company has increased its Authorised Share Capital from ? 47,00,00,000/-(Rupees Forty-Seven Crores Only) divided into 22,50,00,000 Equity Shares of Face Value of ? 2/- Each and

1.00. 00.000 Preference Shares of Face Value ? 2/- Each to ? 57,00,00,000/- (Rupees Fifty Seven Crores Only) divided into 27,50,00,000 Equity Shares of Face Value of ? 2/- Each and 1,00,00,000. Preference Shares of Face Value ? 2/- Each accordingly amended Clause V of Memorandum of Association."

iii. Pursuant to the Special Resolution Passed by Shareholders of the Company at their Extra Ordinary General Meeting held on April 04, 2023, the Company has allotted, on preferential basis, 58,40,000 Equity Shares of Face Value of ? 10/- Each at Price of ? 154/- Per Shares to persons forming part of Promoters against conversion of an Unsecured Loan of ? 89,93,60,000/- extended by such Promoters.

iv. Pursuant to the Special Resolution Passed by Shareholders of the Company at their Extra Ordinary General Meeting held on June 17, 2023, the Company had allotted 3,82,052 Equity Shares of Face Value of ? 10/- Each and 3,92,855 Compulsory Convertible Preference Shares of face value of ? 10/- Each on the Private Placement Basis at a Price of ? 980/- Per Share and raised ? 75,94,08,860/-

v. The Board vide its resolution passed at the meeting held on December 04, 2023, convert all 19,64,275 CCPS of ? 2/- per share into 14,47,357 Equity Shares of face value of ? 2/- per share in the ratio of 1:0.73

vi. The Company has completed initial public offer (IPO) of 3,02,11,480 equity shares of the face value of ? 2/- each at Price of ?316 for Eligible Employees and ? 331 for all other categories of Investors aggregating to ? 10,000 million. The equity shares of the Company were allotted on January 12, 2024 vide board resolution dated January 12, 2024. The equity shares of the Company were listed on January 16, 2024 on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE).

16.1 Right, Preferences & Restrictions Attached to the Shares:

As on March 31,2024 the Company has two Classes of Shares referred to as Ordinary Equity Shares having a par value of ?2/- each & Preference Shares having a par value of ?2/- each. Each holder of Ordinary Equity Shares is entitled to one vote per share.

In the event of the Liquidation of the company, the equity shareholders are eligible to receive the remaining assets of the company, after distribution of all preferential amounts including Preference shareholders. The distribution will be in proportion to the number of the equity shares held by the shareholders.

Description of Reserves

Securities Premium: - Amounts received on issue of shares in excess of the par value has been classified as securities premium

Foreign Currency Translation Reserve: - Consist of unrealized exchange difference on long term monetary items pursuant to adoption of para 46A to Accounting Standard 11, as prescribed by para D3 of IND AS 101.

Retained Earnings: - Retained Earnings comprise of the company''s undistributed earnings after taxes and other comprehensive income. The item of Other Comprehensive income consists of remeasurement of net defined benefit liability/ asset

1. As at March 31, 2024 ? 491.65 Millions (March 31, 2023, ?5481.38 Millions) of the total outstanding borrowings were secured by a charge on property, plant and equipment, inventories, receivables and other current assets.

2. As at March 31, 2024, the register of charges of the Company as available in records of the Ministry of Corporate Affairs (MCA) includes charges that were created/modified since the inception of the Company. There are certain charges which are historic in nature and it involves practical challenges in obtaining no-objection certificates (NOCs) from the charge holders of such charges, despite repayment of the underlying loans. The Company is in the continuous process of filing the charge satisfaction e-form with MCA, within the timelines, as and when it receives NOCs from the respective charge holders.

3. Details of Borrowing as at March 31,2024 is as below :-Term Loan from Bank

i. 113.2 Million) by Punjab National Bank is repayable in Quarterly Installment and Last Installment will be on 9th Sep, 2027 having interest rate of MCLR 1 yr 3.50%.

ii. Rupee Loan outstanding as at 31st March, 2024 Rs. Nil (31st March, 2023 Amounting to Rs. 68.08 Million) by Punjab National Bank is repayable in Monthly Installment and Last Installment will be on 31st May, 2026 having interest rate of MCLR 1 yr 1% with 9.25% ceiling.

iii. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March 2023 Amounting to Rs. 42.79 million) by Punjab National Bank is repayable in Monthly Installment and Last Installment will be on 30th Nov, 2027 having interest rate of MCLR 1 yr 1% with 9.25% ceiling.

iv. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March 2023 Amounting to Rs. 32.0 million) by Bank of Baroda is repayable in Monthly Installment and Last Installment will be on 19th Feb, 2028 having interest rate of MCLR 1 yr 1%with 9.25% ceiling.

v. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (Million 31st March 2023 Amounting to Rs. 46.59 Million) by Bank of Baroda is repayable in Monthly Installment and Last Installment will be on 25th Mar, 2026 having interest rate of MCLR 1 yr 1% .

vi. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March 2023 Amounting to Rs. 68.20 Million) by Bank of India is repayable in Monthly Installment and Last Installment will be on 29th Jan, 2026 having interest rate of MCLR 1 yr 1% .

vii. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March, 2023 Amounting to Rs. 118.75 Million) by Bank of India is repayable in Monthly Installment and Last Installment will be on 08th Jul, 2026 having interest rate of MCLR 1 yr 1% .

viii. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March, 2023 Amounting to Rs. 96.20 Million) by Union Bank of India is repayable in Monthly Installment and Last Installment will be on 02nd Dec, 2027 having interest rate of MCLR 1 yr 0.6 % .with 9.25% Ceiling.

ix. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March, 2023 Amounting to Rs. 160.93 Million) by Union Bank of India is repayable in Monthly Installment and Last Installment will be on 05th Jul, 2026 having interest rate of MCLR 1 yr 0.6 % .with 9.25% Ceiling .

x. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March, 2023 Amounting to Rs. 48.85 Million) by IDBI Bank is repayable in Monthly Installment and Last Installment will be on 31st March, 2026 having interest rate of MCLR 1 yr with 9.25% Ceiling .

xi. USD Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (Pertaining to 6 Million USD) & 31st March, 2023 Amounting to Rs. 592.84 Million (Pertaining to 7.2 Million USD) by EXIM Bank is repayable in Monthly Installment and Last Installment will be on 30th September, 2025 having interest rate of 3M SOFR 445bps .

xii. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March, 2023 Amounting to Rs. 49.60 Million) by Bank of India is repayable in Monthly Installment and Last Installment will be on 01st May, 2028 having interest rate of MCLR 1 yr with 8.25% Ceiling .

xiii. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March, 2023 Amounting to Rs. 100.00 Million) by Saurashtra Grahmin Bank is repayable in Monthly Installment and Last Installment will be on 01st September, 2028 having interest rate of 9.25% .

xiv. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March, 2023 Amounting to Rs. 47.60Million) by IDBI Bank is repayable in Monthly Installment and Last Installment will be on 30th January, 2028 having interest rate of MCLR 1 yr with 9.25% Ceiling.

Loan from Bank & Financial Institution

i. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. Nil (31st March, 2023 is 0.2 Million.) by HDFC Bank is repayable in Monthly Installment and Last Installment will be on 05th August, 2023 having interest rate of MCLR 1 yr with 8.86% Ceiling .

ii. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. 6.41 Million (Million 31st March, 2023 is 2.92 Million.), by Chola Mandalam is repayable in Monthly Installment and Last Installment will be on 15th March, 2025 having interest rate of MCLR 1 yr with 9.51% Ceiling .

iii. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. 2.91 Million (31st March, 2023 is 4.59 Million.) by Electronica Finance Limited is repayable in Monthly Installment and Last Installment will be on 5th April, 2027 having interest rate of 12.5%.

iv. Rupee Loan outstanding as at 31st March, 2024 Amounting to Rs. 17.18 million (31st March, 2023 is 20.27 Million.) by Chola Mandalam is repayable in Monthly Installment and Last Installment will be on 1st January 2027 having interest rate of 12.5%.

v. Rupee Loan outstanding as at 31st March, 2024 is 29.44 Million (31st March, 2023 Amounting to Rs. Nil) by Union Bank of India is repayable in Monthly Installment and Last Installment will be on 17th July, 2030 having interest rate of 8.85%.

Loan Repayable on Demand

i. Working Capital Limits of Rs. 986.8 Million provided by Union Bank of India which is to be renewed every year is having Interest Rate of MCLR 1yr 4.25%. Less 2.60% Concession.

ii. Working Capital Limits of Rs. 830.0 Million provided by State Bank of India which is to be renewed every year is having Interest Rate of MCLR 6M 2.00%.

iii. Working Capital Limits of Rs. 496.0 Million provided by Bank of India which is to be renewed every year is having Interest Rate of MCLR 1yr 3.30%.

iv. Working Capital Limits of Rs. 385.0 Million provided by IDBI Bank which is to be renewed every year is having Interest Rate of MCLR 1yr 4.45%.

v. Working Capital Limits of Rs. 320.0 Million provided by Bank of Baroda which is to be renewed every 6 Months is having Interest Rate of MCLR 1yr 7.00%.

vi. Working Capital Limits of Rs. 200.0 Million provided by Oriental Bank of Commerce which is to be renewed every year is having Interest Rate of MCLR 1yr 3.50%.

vii. Working Capital Demand Loan Limits of Rs. 400.0 Million provided by Saurashtra Gramin Bank which is to be renewed every year is having Interest Rate of 10.65% Card Rate.

Fair value hierarchy

• The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped into Level 1 to Level 3, as described below:

• Quoted prices in an active market (Level 1): This level of hierarchy includes financial assets that are measured by reference to quoted prices (unadjusted) in active markets for identical assets or liabilities.

• Valuation techniques with observable inputs (Level 2): This level of hierarchy includes financial assets and liabilities, measured using inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices). This level of hierarchy includes the Company''s investments in Gold Funds; prices of which have been derived from MCX.

• Valuation techniques with significant unobservable inputs (Level 3): This level of hierarchy includes financial assets and liabilities measured using inputs that are not based on observable market data (unobservable inputs). Fair values are determined in whole or inpart, using a valuation model based on assumptions that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data. This level includes investment in unquoted equity shares.

40. Financial risk management objectives and policies

The risk management policies of the Company are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities.

The Management has overall responsibility for the establishment and oversight of the Company''s risk management framework.

In performing its operating, investing and financing activities, the Company is exposed to the Credit risk, Liquidity risk and Market risk.

40.(a) Credit risk

Company have provided details of revenue from single largest customer, revenue from top 5 Customer below: a) The following table gives details in respect of revenues generated from top customer and top 5 customers:

• Financial Assets:

The Carrying amounts of trade receivables, loans and advances to related parties and other financial assets, cash and cash equivalents are considered to be the approximately equal to the fair values.

• Financial Liabilities

Fair values of Loans from banks, other financial liabilities and trade payables are considered to be approximately equal to the carrying values.

• Investments carried at fair value are generally based on market price quotations. The investments included in the level 3 of the fair value hierarchy have been valued using the cost approach to arrive at their fair value. Cost of unquoted equity instruments has been considered as an appropriate estimate of fair value because of a wide range of possible fair value measurements and cost represents the best estimate of fair value within that range.

• Management uses its best judgement in estimating the fair value of its financial instruments. However, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented above are not necessarily indicative of the amounts that the Company could have realised or paid in sale transactions as of respective dates. As such, fair value of financial instruments subsequent to the reporting dates may be different from the amounts reported at each reporting date.

The company evaluate exchange rate exposure arising from foreign currency transactions and the company follows established risk management policies, including the use of derivatives like foreign exchange forward contracts to hedge exposure to foreign currency risk.

40.(C) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates.

Company has interest rate risk exposure mainly from changes in rate of interest on borrowing & on deposit with bank. The interest rate are disclosed in the respective notes to the financial statement of the Company. The following table analyze the breakdown of the financial assets and liabilities by type of interest rate:

41. Liquidity risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral obligations without incurring unacceptable losses. The Company''s objective is to maintain optimum levels of liquidity at all times to meet its cash and collateral requirements. The Company closely monitors its liquidity position and deploys a robust cash management system. It maintains adequate sources of financing including debt and overdraft from banks at an optimized cost.

The Company''s maximum exposure to credit risk for the components of the balance sheet at 31 March 2023 and 31 March 2022 is the carrying amounts. The liquidity risk is managed on the basis of expected maturity dates of the financial liabilities. The average credit period taken to settle trade payables is about 90 days. The other payables are with short-term durations. The carrying amounts are assumed to be a reasonable approximation of fair value. The following table analysis financial liabilities by remaining contractual maturities:

At present, the Company does expects to repay all liabilities at their contractual maturity. In order to meet such cash commitments, the operating activity is expected to generate sufficient cash inflows.

Capital management

For the purpose of the Company''s capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders of the parent. The primary objective of the Company''s capital management is to maximize the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company''s policy is to keep optimum gearing ratio. The Company includes within net debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents, excluding discontinued operations.

In order to achieve this overall objective, the Company''s capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and borrowings. There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current period.

45. The company has investments of Rs. 2,418.07 Millions and outstanding loans and advances of Rs. 93.86 Millions as at March 31 2024 in its wholly owned subsidiary Jyoti SAS, France which are stated at Note no. 5 & 13 respectively to the Notes to the Standalone Financial Statements which in turn are invested in Huron Graffenstanden SAS France, its operating step-down subsidiary. In view of recurring losses recorded by the operating step-down subsidiary there is substantial erosion in networth of the wholly owned subsidiary. The company''s management has tested this investments, loans and advances for impairment in accordance with IND As 36 by comparing its recoverable amount with its carrying amount as at March 31, 2024. There has been a constant recovery in the business of operating step-down subsidiary since March, 2023 till date. The recoverable amount of the investments and loans and advances in the wholly owned subsidiary is assessed based on future discounted cash flows of the subsidiary including operating step-down subsidiary and also considering the management''s commitment towards the strategic nature of investments and business of step down subsidiary, no provision for impairment is required to be made in respect of these investment and loans & advances.

46. The company started building medical devise, mainly ventilators in view of the global pandemic which struck India in March 2020 as a good corporate measure towards social responsibility and as a goodwill gesture to fight this unknown disease. The company does not have any intention of pursuing the said business in future and hence shall not form part of the overall portfolio of business going forward. Accordingly, the company has not disclosed information under Segment Reporting as this has not been considered as an Operating Segment.

47. The outstanding balances as at March 31, 2024 in respect of Trade Payables, Trade Receivables, Loans & Advances and deposits are subject to confirmation from respective parties and consequential reconciliation and/ or adjustments arising there from, if any. The Management, however, does not expect any material variation.

48. According to the opinion of the Management, the value of realization of current assets, loans and advances and other receivables in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet.

49. Additional Regulatory Information Required by Schedule III

A. Details of Benami Property held

"No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder."

B. Borrowing secured against current assets

The Company has borrowings from banks on the basis of security of current assets. The quarterly returns or statements of current assets filed by the Company with banks are in agreement with the books of accounts.

C. Willful Defaulter

None of the entities in the Company have been declared willful defaulter by any bank or financial institution or government or any government authority.

D. Relationship with Struck off Companies under section 248 of the Companies Act, 2013

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.

E. Registration of charges or satisfaction with Registrar of Companies

The parent company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

F. Compliance with number of layers of companies

The parent company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

G. Compliance with approved Scheme(s) of Arrangements

"The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year."

H. Undisclosed Income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

I. Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

J. Valuation of PP&E, intangible asset and investment property

The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the current or previous year.

K. Title deeds of immovable properties not held in name of the company

The title deeds of all the immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee), as disclosed in notes 5A and 6 to the financial statements, are held in the name of the Company.