Provision for warranty:

Provision for expected cost of warranty obligations
are recognized based on management's best
estimate of the expenditure required to settle the
obligations which takes into account the empirical
data on the nature, frequency and average cost of
warranty claims and regarding possible future
incidents.

Xxiii.Contingent liabilities and Contingent Assets:

A contingent liability is a possible obligation that
arises from past events whose existence will be
confirmed by the occurrence or non-occurrence of
one or more uncertain future events beyond the
control of the company or a present obligation that
is not recognized because it is not probable that an
outflow of resources will be required to settle the
obligation. A contingent liability also arises in
extremely rare cases where there is a liability that
cannot be recognized because it cannot be
measured reliably. The company does not recognize
a contingent liability but discloses its existence in
the financial statements.

Contingent Assets are not recognized but are
disclosed when the inflow of economic benefits are
probable.

Xxiv.Earnings per share:

Basic earnings per share are 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. Partly paid equity shares (if any) are
treated as a fraction of an equity share to the
extent that they were entitled to participate in
dividends relative to a fully paid equity share during
the reporting period. The weighted average
number of equity shares outstanding during the
period is adjusted for events of bonus issue; bonus
element in a rights issue to existing shareholders;
share split; and consolidation of shares if any

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.

Xxv.Taxes on Income:

Tax expense comprises of current and deferred tax.

a. Current income tax:

Current income tax assets and liabilities are
measured at the amount expected to be recovered
from or paid to the taxation authorities. The tax
rates and tax laws used to compute the amount are
those that are enacted or substantively enacted,
at the reporting date. Current income tax relating
to items recognized directly in equity is recognized
in other comprehensive income / equity and not in
the statement of profit and loss. Management
periodically evaluates positions taken in the tax
returns with respect to situations in which
applicable tax regulations are subject to
interpretation and establishes provisions where
appropriate.

b. Deferred tax

Deferred tax is provided 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 assets are recognized for all
deductible temporary differences, the carry
forward of unused tax credits and any unused tax
losses. Deferred tax assets are recognized to the
extent that it is probable that taxable profit will be
available against which the deductible temporary
differences, and the carry forward of unused tax
credits and unused tax losses can be utilized.

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

Unrecognized deferred tax assets are re-assessed
at each reporting date and are recognized to the
extent that it has become probable that future
taxable profits will allow the deferred tax asset to
be recovered.

Deferred tax assets and liabilities are measured
based on tax rates (and tax laws) that have been
enacted or substantively enacted at the reporting
date.

xxvi.Cash and cash equivalents:

Cash and cash equivalents for the purposes of cash
flow statement comprise cash at bank and in hand
and short-term deposits with an original maturity
of three months or less, which are subject to an
insignificant risk of changes in value, net of
outstanding bank overdrafts as they are considered
an integral part of the Company's cash
management.

Xxvii.Segment Reporting

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 Company's other

components, and for which discrete financial
information is available. All operating segments'
operating results are reviewed regularly by the
Company's Chief Executive Officer (CEO), who is the
Chief Operating Decision Maker (CODM), to make
decisions about resources to be allocated to the
segments and assess their performance.
Information reported to the CODM for the purpose
of resource allocation and assessment of segment
performance focuses on the type of goods or
services delivered or provided.

The Company is primarily engaged in manufacturing
of wide range of electrical installation products
including devices for energy efficiencies services
which all fall under One segment by name Electrical
Installation Products for any reporting
requirements.

Material accounting judgments, estimates and
assumptions:

The preparation of financial statements in
conformity with the recognition and measurement
principles of Ind AS requires management to make
judgments, estimates and assumptions that affect
the reported balances of revenues, expenses,
assets and liabilities and the accompanying
disclosures, and the disclosure of contingent
liabilities. Uncertainty about these assumptions
and estimates could result in outcomes that
require a material adjustment to the carrying
amount of assets or liabilities affected in future
periods.

The estimates and underlying assumptions are
reviewed on an ongoing basis. Revisions to
accounting estimates are recognized in the period
in which the estimate is revised if the revision
affects only that period or in the period of the
revision and future periods if the revision affects
both current and future periods.

The following are the areas of estimation
uncertainty and critical judgments that the
management has made in the process of applying
the Company's accounting policies:

a) 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 future taxable income against
which the deferred tax assets can be utilized.

b) Revenue recognition, contract costs:

The Company uses the percentage of completion
method for recognition of revenue, accounting for
unbilled revenue and contract cost thereon for its
contractual projects. The percentage of completion
is measured by reference to the stage of the
projects and contracts determined based on the

proportion of contract costs incurred for work
performed to date bear to the estimated total
contract costs. Use of the percentage-of-
completion method requires the Company to
estimate the efforts or costs expended to date as a
proportion of the total efforts or costs to be
expended. Significant assumptions are required in
determining the stage of completion, the extent of
the contract cost incurred to the estimated total
contract revenue and contract cost and the
recoverability of the contracts. These estimates
are based on events existing at the end of each
reporting date.

c) Provision and contingent liability:

On an ongoing basis, the Company reviews pending
cases, claims by third parties and other
contingencies. For contingent losses that are
considered probable, an estimated loss is recorded
as an accrual in financial statements. Loss
Contingencies that are considered possible are not
provided for but disclosed as Contingent liabilities in
the financial statements. Contingencies the
likelihood of which is remote are not disclosed in the
financial statements.

d) Useful lives of depreciable assets:

Management reviews the useful lives of depreciable
assets at each reporting as at March 31, 2025
management assessed that the useful lives
represent the expected utility of the assets to the
Company. Further, there is no significant change in
the useful lives as compared to previous year.

e) Evaluation of indicators for impairment of assets:

The evaluation of applicable indicators of
impairment of assets requires assessment of
several external and internal factors which could
result in deterioration of recoverable amount of the
assets.

f) Defined benefit obligation:

Management's estimate of the Defined Benefit
obligation is based on a number of underlying
assumptions such as standard rates of inflation,
mortality, discount rate and anticipation of future
salary increases. Variation in these assumptions
may impact the obligation amount and the annual
defined benefit expenses.

g) Fair value measurements:

Management applies valuation techniques to
determine the fair value of financial instruments
(where active market quotes are not available). This
involves developing estimates and assumptions
consistent with how market participants would
price the instrument.

B. Defined Benefit plans

In accordance with the Payment of Gratuity Act, 1972, the Company provides for gratuity, as defined benefit
plan. The gratuity plan provides for a lump sum payment to the employees at the time of separation from the
service on completion of vested year of employment i.e. five years. The liability of gratuity plan is provided based on
actuarial valuation using the projected unit credit method as at the end of each financial year based on which the
Company contributes the ascertained liability to Life Insurance Corporation of India with whom the plan assets
are maintained.

These plans typically expose the Company to actuarial risks such as: investment risk, interest rate risk, salary
risk and longevity risk.

Investment Risk:The present value of the defined benefit plan liability (denominated in Indian Rupee) is calculated
using a discount rate which is determined by reference to market yields at the end of the reporting period on
government bonds.

Interest risk: A decrease in the bond interest rate will increase the plan liability; however, this will be partially
offset by an increase in the return on the plan's debt investments.

Salary risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries
of plan participants. As such, an increase in the salary of the plan participants will increase the plan's liability.

Longevity risk: The present value of defined benefit plan liability is calculated by reference to the best estimate of
the mortality of plan participants both during and after their employment. An increase in the life expectancy of
the plan participants will increase the plan's liability.

iii. Valuation technique used to determine fair value

The fair value of the financial assets and liabilities are at the amount that would be received to sell an asset and paid to
transfer a liability in an orderly transaction between market participants at the measurement date.

The carrying amounts of trade receivables, cash and cash equivalents, other bank balances, loans, other financial
assets, current borrowings, trade payables and other current financial liabilities are a reasonable approximation of
their fair values.

The investment included in Level 3 hierarchy have been valued at cost approach to arrive at the fair values.The cost of
unquoted investment approximate the fair value as there is a wide range of possible fair value measurement and the
cost represents estimate of fairvalue within that range.

The estimated fairvalue amounts as at March 31,2025 have been measured as at that date. As such, the fair values
of these financial instruments subsequent to reporting date may be different than the amounts reported at each
year-end.

Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of
funding through an adequate amount of committed credit facilities to meet obligations when due and to close out
market positions. Due to the dynamic nature of the business, the Company maintains flexibility in funding by
maintaining availability under committed credit lines. Management monitors rolling forecasts of the company's
liquidity position and cash and cash equivalents on the basis of expected cash flows. The Company takes into account
the liquidity of the market in which the entity operates. In addition, the company's liquidity management policy involves
projecting cash flows and considering the level of liquid assets necessary to meet these, monitoring balance sheet
liquidity ratios against internal and external regulatory requirements and maintaining debt financing plans.

Interest rate Risks

The Company uses a mix of cash and borrowings to manage the liquidity & fund requirements of its day-to-day
operations. 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. The borrowings are fixed rate borrowings and are carried at amortized
cost. They are therefore not subject to interest rate risk as defined in Ind AS 107, 'Financial Instruments -
Disclosures', since neither the carrying amount nor the future cash flows will fluctuate because of a change in market
interest rates.

The Company's objectives when managing capital is to safeguard continuity, maintain a strong credit rating and
healthy capital ratios in order to support its business and provide adequate return to shareholders through
continuing growth. The Company's overall strategy remains unchanged from previous year.

The funding requirements are met through a mixture of equity, internal fund generation and other non-current
borrowings. The Company's policy is to use current and non-current borrowings to meet anticipated funding
requirements.

The Company monitors capital on the basis of the gearing ratio which is net debt divided by total capital (equity plus net
debt).

Net debt are non-current and current debts as reduced by cash and cash equivalents, other bank balances and
current investments. Equity comprises all components including other comprehensive income.

The Company, which entered into Lease Agreements with various Parties during the previous financial years for hiring
the premises at different locations for manufacturing activities, has modified those agreement with the term of 11
Months with an option to extend further period with mutual consent of the parties to the agreement and the
agreement has no clauses of controlling the let out of assets

During the year, the Company had taken a Warehouse at Ambernath on a Leave and License Basis from Kaycee
Industries Limited and has accordingly recognized Right-of-Use Asset and corresponding Lease Liability in the
Financial Statements.

• The Title deeds of the immovable properties [other than properties where the Company is the lessee and the lease
agreements are duly executed in favour of the lessee) are held in the name of the Company

• As per the Company's accounting policy, Property, Plant and Equipment (including Right of Use Assets) and
intangible assets are carried at historical cost [less accumulated depreciation & impairment, if any), hence the
revaluation related disclosures required as per Additional Regulatory Information of Schedule III (revised) to the
Companies Act, is not applicable.

• The Company has not granted Loans or Advances in the nature of loan to any promoters, Directors, KMPs and the
related parties (As per Companies Act, 2013) , which are repayable on demand or without specifying any terms or
period of repayments.

• No proceedings have been initiated or pending against the Company for holding any Benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

• The Company has sanctioned facilities from banks on the basis of security of current assets. The periodic returns
filed by the Company with such banks are in agreement with the books of accounts of the Company.

• The Company has adhered to debt repayment and interest service obligations on time. Wilful defaulter related
disclosures required as per Additional Regulatory Information of Schedule III (revised) to the Companies Act, is not
applicable.

• There are no transactions with the Companies whose name are struck off under Section 248 of The Companies
Act, 2013 or Section 560 of the Companies Act, 1956 during the year ended 31st March 2025.

• All applicable cases where registration of charges or satisfaction is required to be filed with Registrar of
Companies have been filed. No registration or satisfaction is pending at the year ended 31st March 2025.

• The Company has complied with the number of layers prescribed under clause (87) of Section 2 of the Companies
Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017.

• No scheme of arrangement has been approved by the competent authority in terms of Section 230 to 237 of the
Companies Act, 2013.

• 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 beneficiary

• 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 ofthe Funding Party (Ultimate Beneficiaries) or

b) provide any guarantee, security orthe like on behalf ofthe Ultimate Beneficiaries

• The Company has not operated in any crypto currency or Virtual Currency transactions

• During the year the Company has not disclosed or surrendered, any income other than the income recognised in
the books of accounts in the tax assessments under Income Tax Act, 1961.

• Previous yearfigures have also been reclassified, regrouped, recast to conform to current year classification.

In terms of our report attached

N. RANGACHARY R. DORAISWAMY For SWAMY & RAVI

Chairman Managing Director Chartered Accountants

(DIN :00054437) (DIN :00003131) FRN No.004317S

D. RAJESHKUMAR K.M. MURUGESAN ^S. ^ALAMELU

p j^- nPP

Joint Managing Director & Company Secretary ¹

Chief Financial Officer (Memb. No.A25953) ^Memb. ^N°. ²²³⁵⁵⁵

(DIN: 00003126)

Coimbatore - 47
May 24, 2025