r. Provisions and contingent liabilities
- General Provisions

R provision is recognised when the Company has a
present obligation (legal or constructive) as a result of
past event, it is probable that an outflow of resources
embodying economic benefits will be required to
settle the obligation and a reliable estimate can
be made of the amount of the obligation. These
estimates are reviewed at each reporting date and
adjusted to reflect the current best estimates. If
the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to

the liability. When discounting is used, the increase in
the provision due to the passage of time is recognised
as a finance cost.

- Warranty Provisions

Provisions for warranty-related costs are recognised
when the product is sold or service provided. Provision
is based on technical estimates by the management
based on past trends. The estimate of such warranty-
related costs is revised annually

- Contingent liabilities

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
recognised 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 recognised
because it cannot be measured reliably. The Company
does not recognize a contingent liability but discloses
its existence in the financial statements.

Provisions, contingent liabilities, contingent
assets and commitments are reviewed at each
balance sheet date.

s. Cash and cash equivalents

Cash and cash equivalents 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.

. Financial instruments

A financial instrument is any contract that gives rise to
a financial asset of one entity and a financial liability or
equity instrument of another entity.

i. Financial Assets

Initial recognition and measurement

All financial assets are recognised initially at fair
value plus, in the case of financial assets not recorded
at fair value through profit or loss, transaction costs
that are attributable to the acquisition of the financial
asset. Financial assets are classified, at initial
recognition and subsequently measured at amortised
cost, fair value through other comprehensive income
(OCI), and fair value through profit or loss.

The classification of financial assets at initial
recognition depends on the financial asset's
contractual cash flow characteristics and the
Company's business model for managing them. With
the exception of trade receivables that do not contain
a significant financing component or for which the
Company has applied the practical expedient, the
Company initially measures a financial asset at its
fair value plus, in the case of a financial asset not
at fair value through profit or loss, transaction costs.
Trade receivables that do not contain a significant
financing component or for which the Company has
applied the practical expedient are measured at the
transaction price determined under Ind AS 115. Refer
to the accounting policies on Revenue from contracts
with customers.

In order for a financial asset to be classified and
measured at amortised cost or fair value through
OCI, it needs to give rise to cash flows that are 'solely
payments of principal and interest (SPPI)' on the
principal amount outstanding. This assessment is
referred to as the SPPI test and is performed at an
instrument level.

The Company's business model for managing
financial assets refers to how it manages its financial
assets in order to generate cash flows. The business
model determines whether cash flows will result from
collecting contractual cash flows, selling the financial
assets, or both.

Purchases or sales of financial assets that require
delivery of assets within a time frame established by
regulation or convention in the market place (regular
way trades) are recognised on the trade date, i.e.,
the date that the Company commits to purchase or
sell the asset.

Subsequent measurement

For purposes of subsequent measurement financial
assets are classified in following categories:

- Debt instruments at fair value through profit
and loss (FVTPL)

- Debt instruments at fair value through other
comprehensive income (FVTOCI)

- Debt instruments at amortized cost

- Equity instruments

Where assets are measured at fair value, gains and
losses are either recognised entirely in the statement
of profit and loss (i.e. fair value through profit or loss),
or recognised in other comprehensive income (i.e.
fair value through other comprehensive income). For
investment in debt instruments, this will depend on
the business model in which the investment is held.
For investment in equity instruments, this will depend
on whether the Company has made an irrevocable
election at the time of initial recognition to account
for equity instruments at FVTOCI.

Debt instruments at amortized cost

A Debt instrument is measured at amortized cost if
both the following conditions are met:

- The asset is held within a business model
whose objective is to hold assets for collecting
contractual cash flows, and

- Contractual terms of the asset give rise on
specified dates to cash flows that are solely
payments of principal and interest (SPPI) on the
principal amount outstanding.

This category is most relevant to the Company.
After initial measurement, such financial assets are
subsequently measured at amortized cost using the
effective interest rate (EIR) method. Amortised cost
is calculated by taking into account any discount or
premium on acquisition and fees or costs that are an
integral part of EIR. EIR is the rate that exactly discounts
the estimated future cash receipts over the expected
life of the financial instrument or a shorter period,
where appropriate, to the gross carrying amount of the
financial asset. When calculating the effective interest
rate, the Company estimates the expected cash flows
by considering all the contractual terms of the financial
instrument but does not consider the expected credit
losses. The EIR amortization is included in finance income
in profit or loss. The losses arising from impairment are
recognised in the profit or loss. This category generally
applies to trade and other receivables.

Debt instruments at fair value through OCI

A Debt instrument is measured at fair value
through other comprehensive income if following
criteria are met:

- Business Model Test: The objective of financial
instrument is achieved by both collecting

contractual cash flows and for selling
financial assets.

- Cash flow characteristics test: The contractual
terms of the Debt instrument give rise on
specific dates to cash flows that are solely
payments of principal and interest on principal
amount outstanding.

Debt instrument included within the FVTOCI category
are measured initially as well as at each reporting date
at fair value. Fair value movements are recognised
in the other comprehensive income (OCI), except
for the recognition of interest income, impairment
gains or losses and foreign exchange gains or losses
which are recognised in statement of profit and loss.
On derecognition of asset, cumulative gain or loss
previously recognised in OCI is reclassified from the
equity to statement of profit and loss. Interest earned
whilst holding FVTOCI financial asset is reported as
interest income using the EIR method.

Debt instruments at FVTPL

FVTPL is a residual category for financial instruments.
Any financial instrument, which does not meet the
criteria for amortized cost or FVTOCI, is classified
as at FVTPL. In addition, the Company may elect
to designate a debt instrument, which otherwise
meets amortized cost or FVTOCI criteria, as at
FVTPL. However, such election is allowed only if
doing so reduces or eliminates a measurement or
recognition inconsistency (referred to as 'accounting
mismatch'). The Company has not designated any
debt instrument as at FVTPL.

Debt instruments included within the FVTPL category
are measured at fair value with all changes recognised
in the statement of profit and loss.

Investments in mutual funds

Investment in mutual funds are measured at fair
value through profit or loss (FVTPL).

Equity Investment

Fill equity investments in scope of Ind RS 109 are
measured at fair value. Equity instruments which
are held for trading and contingent consideration
recognised by an acquirer in a business combination
to which Ind RS 103 applies are classified as at
FVTPL. For all other equity instruments, the Company
may make an irrevocable election to present in other
comprehensive income subsequent changes in the

asset is continued to be recognised to the extent of
continuing involvement in the financial asset.

Impairment of financial assets

In accordance with inD RS 109, the Company applies
expected credit losses (ECL) model for measurement
and recognition of impairment loss on the following
financial asset and credit risk exposure:

- Financial assets that are debt instruments,
and are measured at amortised cost e.g., loans,
debt securities, deposits, trade receivables
and bank balance,

- Financial assets that are debt instruments and
are measured as at FVTOCI;

The Company follows "simplified approach" for recognition
of impairment loss allowance on:

- Trade receivables or contract revenue receivables;

- Rll lease receivables resulting from the transactions
within the scope of inD RS 116

Under the simplified approach, the Company does
not track changes in credit risk. Rather, it recognizes
impairment loss allowance based on lifetime ECLs at
each reporting date, right from its initial recognition.
The Company uses a provision matrix to determine
impairment loss allowance on the portfolio of trade
receivables. The provision matrix is based on its
historically observed default rates over the expected
life of trade receivable and is adjusted for forward
looking estimates. Rt every reporting date, the
historical observed default rates are updated and
changes in the forward looking estimates are analysed.

For recognition of impairment loss on other financial
assets and risk exposure, the Company determines
whether there has been a significant increase in the
credit risk since initial recognition. If credit risk has
not increased significantly, 12-month ECL is used to
provide for impairment loss. However, if credit risk
has increased significantly, lifetime ECL is used. If, in
subsequent period, credit quality of the instrument
improves such that there is no longer a significant
increase in credit risk since initial recognition, then
the Company reverts to recognizing impairment loss
allowance based on 12- months ECL.

Lifetime ECL are the expected credit losses resulting
from all possible default events over the expected

life of a financial instrument. The 12-month ECL is a
portion of the lifetime ECL which results from default
events that are possible within 12 months after the
reporting date.

ECL is the difference between all contractual cash
flows that are due to the Company in accordance with
the contract and all the cash flows that the entity
expects to receive (i.e., all cash shortfalls), discounted
at the original EIR. When estimating the cash flows,
an entity is required to consider:

- Rll contractual terms of the financial instrument
(including prepayment, extension, call and
similar options) over the expected life of the
financial instrument.

Rs a practical expedient, the Company uses a provision
matrix to determine impairment loss allowance on
portfolio of its trade receivables. The provision matrix
is based on its historically observed default rates
over the expected life of the trade receivables and
is adjusted for forward-looking estimates. Rt every
reporting date, the historical observed default rates
are updated and changes in the forward-looking
estimates are analysed.

ii. Financial liabilities:

Initial recognition and measurement

Financial liabilities are classified at initial recognition,
as financial liabilities at fair value through profit
or loss, loans and borrowings, and payables, net of
directly attributable transaction costs. The Company
financial liabilities include loans and borrowings
including bank overdraft, trade payables, trade
deposits, retention money, and liabilities towards
services, sales incentive and other payables.

The measurement of financial liabilities depends on
their classification, as described below:

Trade Payables

These amounts represent liabilities for goods and
services provided to the Company prior to the end
of financial year which are unpaid. Trade and other
payables are presented as current liabilities unless
ppayment is not due within 12 months after the
reporting period. They are recognised initially at fair
value and subsequently measured at amortized cost
using EIR method.

Financial liabilities at Fair value through profit or loss

Financial liabilities at fair value through profit or loss
include financial liabilities held for trading and financial
liabilities designated upon initial recognition as at fair
value through profit or loss. Financial liabilities are
classified as held for trading if they are incurred for
the purpose of repurchasing in the near term.

Gains or losses on liabilities held for trading are
recognised in the statement of profit and loss.

Financial liabilities designated upon initial recognition
at fair value through profit or loss are designated as such
at the initial date of recognition, and only if the criteria
in IND AS 109 are satisfied. For liabilities designated
as FVTPL, fair value gains/ losses attributable to
changes in own credit risk are recognised in OCI. These
gains/ losses are not subsequently transferred to
profit and loss. However, the Company may transfer
the cumulative gain or loss within equity. All other
changes in fair value of such liability are recognised
in the statement of profit and loss. The Company has
not designated any financial liability as at fair value
through profit and loss.

Loans and borrowings

Borrowings are initially recognised at fair value, net
of transaction cost incurred. After initial recognition,
interest-bearing loans and borrowings are subsequently
measured at amortized cost using the EIR method.
Gains and losses are recognised in statement of profit
and loss when the liabilities are derecognised as well
as through the EIR amortization process. Amortized
cost is calculated by taking into account any discount
or premium on acquisition and fees or costs that are an
integral part of the EIR. The EIR amortization is included
as finance costs in the statement of profit and loss.

Derecognition

A financial liability is derecognised when the obligation
under the liability is discharged or cancelled or
expires. When an existing financial liability is replaced
by another from the same lender on substantially
different terms, or the terms of an existing liability
are substantially modified, such an exchange or
medication is treated as the derecognition of the
original liability and the recognition of a new liability.
The difference in the respective carrying amounts is
recognised in the statement of profit and loss.

Embedded derivatives

An embedded derivative is a component of a hybrid
(combined) instrument that also includes a non¬
derivative host contract with the effect that some of
the cash flows of the combined instrument vary in a
way similar to a standalone derivative. An embedded
derivative causes some or all of the cash flows that
otherwise would be required by the contract to be
modified according to a specified interest rate,
financial instrument price, commodity price, foreign
exchange rate, index of prices or rates, credit rating
or credit index, or other variable, provided in the case
of a nonfinancial variable that the variable is not
specific to a party to the contract. Reassessment only
occurs if there is either a change in the terms of the
contract that significantly modifies the cash flows
that would otherwise be required or a reclassification
of a financial asset out of the fair value through
profit or loss.

If the hybrid contract contains a host that is a financial
asset within the scope of Ind AS 109, the Company
does not separate embedded derivatives. Rather, it
applies the classification requirements contained in
Ind AS 109 to the entire hybrid contract. Derivatives
embedded in all other host contracts are accounted
for as separate derivatives and recorded at fair value
if their economic characteristics and risks are not
closely related to those of the host contracts and the
host contracts are not held for trading or designated
at fair value though profit or loss. These embedded
derivatives are measured at fair value with changes
in fair value recognised in profit or loss, unless
designated as effective hedging instruments.

Offsetting of financial instruments:

Financials assets and financial liabilities are offset
and the net amount is reported in the balance sheet
if there is a currently enforceable legal right to offset
the recognised amounts and there is an intention to
settle on a net basis, to realize the assets and settle
the liabilities simultaneously.

Reclassification of financial assets:

The Company determines classification of financial
assets and liabilities on initial recognition. After
initial recognition, no reclassification is made for
financial assets which are equity instruments and
financial liabilities. For financial assets which are debt
instruments, a reclassification is made only if there is

a change in the business model for managing those
assets. Changes to the business model are expected
to be infrequent. The Company's senior management
determines change in the business model as a result
of external or internal changes which are significant
to the Company's operations. Such changes are
evident to external parties. A change in the business
model occurs when the Company either begins or
ceases to perform an activity that is significant to
its operations. If the Company reclassifies financial
assets, it applies the reclassification prospectively
from the reclassification date which is the first day
of the immediately next reporting period following
the change in business model. The Company does
not restate any previously recognised gains, losses
(including impairment gains or losses) or interest.

affects profit or loss or treated as basis adjustment
if a hedged forecast transaction subsequently results
in the recognition of a non-financial asset or non¬
financial liability.

u. Fair value measurement

The Company measures financial instruments at fair value
at each balance sheet date.

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

- In the principal market for asset or liability, or

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

The principal or the most advantageous market must be
accessible by the Company.

The fair value of an asset or liability is measured using
the assumptions that market participants would use
when pricing the asset or liability, assuming that market
participants act in their economic best interest.

A fair value measurement of a non- financial asset takes
into account a market participant's ability to generate
economic benefits by using the asset in its highest and
best use or by selling it to another market participant that
would use the asset in its highest and best use.

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

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

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

Level 2- Valuation techniques for which the lowest level
input that is significant to the fair value measurement is
directly or indirectly observable

Level 3- Valuation techniques for which the lowest level
input that is significant to the fair value measurement
is unobservable

For assets and liabilities that are recognised in the
financial statements on a recurring basis, the Company
determines whether transfers have occurred between
levels in the hierarchy by re-assessing categorization
(based on the lowest level input that is significant to
fair value measurement as a whole) at the end of each
reporting period.

For the purpose of fair value disclosures, the Company has
determined classes of assets and liabilities on the basis of
the nature, characteristics and risks of the asset or liability
and the level of the fair value hierarchy as explained above.

i. Dividends

The Company recognises a liability to pay dividend to
equity holders of the Company when the distribution
is authorised, and the distribution is no longer at the

discretion of the Company. As per the corporate laws in
India, a distribution is authorised when it is approved by
the shareholders. A corresponding amount is recognised
directly in equity.

w. non-current assets held for sale

The Company classifies non-current assets and disposal
groups as held for sale if their carrying amounts will be
recovered principally through a sale rather than through
continuing use.

Non-current assets and disposal groups classified as
held for sale are measured at the lower of their carrying
amount and fair value less costs to sell. Costs to sell are
the incremental costs directly attributable to the disposal
of an asset (disposal group), excluding finance costs and
income tax expense.

The criteria for held for sale classification is regarded as met
only when the sale is highly probable, and the asset or disposal
group is available for immediate sale in its present condition.
Actions required to complete the sale/ distribution should
indicate that it is unlikely that significant changes to the sale
will be made or that the decision to sell will be withdrawn.
Management must be committed to the sale and the sale
expected within one year from the date of classification.

For these purposes, sale transactions include exchanges
of non-current assets for other non-current assets when
the exchange has commercial substance. The criteria for
held for sale classification is regarded met only when the
assets or disposal group is available for immediate sale in
its present condition, subject only to terms that are usual
and customary for sales of such assets (or disposal groups),
its sale is highly probable; and it will genuinely be sold,
not abandoned. The Company treats sale of the asset or
disposal group to be highly probable when:

- The appropriate level of management is committed to
a plan to sell the asset (or disposal group),

- Rn active programme to locate a buyer and complete
the plan has been initiated (if applicable),

- The asset (or disposal group) is being actively
marketed for sale at a price that is reasonable in
relation to its current fair value,

- The sale is expected to qualify for recognition as
a completed sale within one year from the date of
classification, and

- Actions required to complete the plan indicate that it
is unlikely that significant changes to the plan will be
made or that the plan will be withdrawn.

Property, plant and equipment and intangible are not
depreciated, or amortised assets once classified as held for
sale. Assets and liabilities classified as held for sale are
presented separately from other items in the balance sheet.

2.1 Significant accounting judgements, estimates and
assumptions

The preparation of the financial statements requires
management to make judgements, estimates and
assumptions that affect the reported amounts 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.

Judgements

In the process of applying the Company's accounting
policies, there are no significant judgements established
by the management.

Revenue from contracts with customers

The Company applied the following judgements that
significantly affect the determination of the amount and
timing of revenue from contracts with customers:

Determining method to estimate variable consideration
and assessing the constraint

Certain contracts for the sale of goods include volume
rebates that give rise to variable consideration. In
estimating the variable consideration, the Company is
required to use either the expected value method or
the most likely amount method based on which method
better predicts the amount of consideration to which it
will be entitled.

In estimating the variable consideration for the sale of
goods with volume rebates, the Company determined that
using a combination of the most likely amount method and
expected value method is appropriate. The selected method
that better predicts the amount of variable consideration
was primarily driven by the number of volume thresholds
contained in the contract. The most likely amount method
is used for those contracts with a single volume threshold,
while the expected value method is used for contracts with
more than one volume threshold.

Before including any amount of variable consideration
in the transaction price, the Company considers whether
the amount of variable consideration is constrained.
The Company determined that the estimates of variable

consideration are not constrained based on its historical
experience, business forecast and the current economic
conditions. In addition, the uncertainty on the variable
consideration will be resolved within a short time frame.

Estimates and assumptions

The key assumptions concerning the future and other
key sources of estimation uncertainty at the reporting
date, that have a significant risk of causing a material
adjustment to the carrying amounts of assets and
liabilities within the next financial year, are described
below. The Company based its assumptions and estimates
on parameters available when the financial statements
were prepared. Existing circumstances and assumptions
about future developments, however, may change due to
market changes or circumstances arising that are beyond
the control of the Company. Such changes are reflected in
the assumptions when they occur.

Useful life of property, plant and equipment

The Company uses its technical expertise along with
historical and industry trends for determining the economic
life of an asset/component of an asset. The useful lives
are reviewed by management periodically and revised,
if appropriate. In case of a revision, the unamortised
depreciable amount is charged over the remaining useful
life of the assets.

- Defined benefit plans

The cost of the defined benefit gratuity plan and other
post-employment defined benefits are determined
using actuarial valuations. An actuarial valuation
involves various assumptions that may differ from
actual developments in the future. These include
the determination of the discount rate, future salary
increases and mortality rates. Due to the complexities
involved in the valuation and its long-term nature,
a defined benefit obligation is highly sensitive to
changes in these assumptions. All assumptions are
reviewed at each reporting date. Further details
about gratuity obligations are given in Note 30.

- Leases

The Company has several lease contracts that include
extension and termination options. These options
are negotiated by management to provide flexibility
in managing the leased-asset portfolio and align
with the Company's business needs. Management
exercises significant judgement in determining
whether these extension and termination options are
reasonably certain to be exercised.

- Provisions and Contingencies

The assessments undertaken in recognising provisions
and contingencies have been made in accordance
with the applicable Ind RS. R provision is recognized
if, as a result of a past event, the Company has a
present legal or constructive obligation that can be
estimated reliably, and it is probable that an outflow
of economic benefits will be required to settle the
obligation. Where the effect of time value of money
is material, provisions are determined by discounting
the expected future cash flows. The Company has
significant capital commitments in relation to various
capital projects which are not recognized on the
balance sheet. In the normal course of business,
contingent liabilities may arise from litigation and
other claims against the Company. Guarantees are
also provided in the normal course of business.
There are certain obligations which management
has concluded, based on all available facts and
circumstances, are not probable of payment or are
very difficult to quantify reliably, and such obligations
are treated as contingent liabilities and disclosed
in the notes but are not reflected as liabilities in
the financial statements. Rlthough there can be no
assurance regarding the final outcome of the legal
proceedings in which the Company is involved, it is
not expected that such contingencies will have a
material effect on its financial position or profitability.

- Taxes

Uncertainties exist with respect to the interpretation
of complex tax regulations, changes in tax laws, and
the amount and timing of future taxable income.
Given the nature of business differences arising
between the actual results and the assumptions
made, or future changes to such assumptions, could
necessitate future adjustments to tax income and
expense already recorded. The Company establishes
provisions, based on reasonable estimates. The
amount of such provisions is based on various
factors, such as experience of previous tax audits

and different interpretations of tax regulations by
the taxable entity and the responsible tax authority.
Such differences of interpretation may arise on a
wide variety of issues depending on the conditions
prevailing in the respective domicile of the companies.

2.2 new and amended standards

The Company applied for the first-time certain standards
and amendments, which are effective for annual periods
beginning on or after 1 April 2024. The Company has not
early adopted any standard, interpretation or amendment
that has been issued but is not yet effective.

(i) Ind AS 117 Insurance Contracts

The Ministry of Corporate Affairs (MCR) notified the
Ind RS 117, Insurance Contracts, vide notification
dated 12 August 2024, under the Companies (Indian
Accounting Standards) Amendment Rules, 2024,
which is effective from annual reporting periods
beginning on or after 1 April 2024.

Ind AS 117 Insurance Contracts is a comprehensive
new accounting standard for insurance contracts
covering recognition and measurement, presentation
and disclosure. Ind AS 117 replaces Ind AS 104
Insurance Contracts. Ind AS 117 applies to all types of
insurance contracts, regardless of the type of entities
that issue them as well as to certain guarantees and
financial instruments with discretionary participation
features; a few scope exceptions will apply. Ind AS
117 is based on a general model, supplemented by:

• A specific adaptation for contracts with direct
participation features (the variable fee approach)

• A simplified approach (the premium allocation
approach) mainly for short-duration contracts

The application of Ind AS 117 does have impact on the
Company's financial statements as the Company has
not entered any contracts in the nature of insurance
contracts covered under Ind AS 117.

The amendments do not have a impact on the
Company's financial statements as company has not
entered into an sale and lease back transaction.

2.3 The management considering the relevant events after
the reporting date has evaluated the likely impact
of prevailing uncertainties relating to imposition or
enhancement of reciprocal tariffs and believes that there
are no material impacts on the financial statements of the
Company for the year ended March 31, 2025. However,
the management will continue to monitor the situation
from the perspective of potential impact on the operations
of the Company.

2.4 Standards notified but not yet effective

There are no standards that are notified and not yet
effective as on date.

nature and description of reserve

a. Capital Reserve - The Company recognized profit or loss on cancellation of Companies own equity instruments to capital reserve.

b. General Reserve - General reserves are free reserves of the Company which are kept aside out of Company's profits to meet the
future requirements as and when they arise.

c. Share based payment reserves - The Company has a stock option scheme under which options to subscribe for the Company's
shares have been granted to certain executives and senior employees. The share-based payment reserve is used to recognise
the value of equity-settled share-based payments provided to employees, including key management personnel, as part of their
remuneration. Refer to Note 36 for further details of these plans.

d. Retained Earnings - Retained earnings are the accumulated profits earned by the Company till date, less transfer to general
reserves, dividend and other distributions made to the shareholders.

e. Securities Premium - Securities premium represents premium on issue of shares. It will be utilised in accordance with the
provisions of the Companies Act, 2013.

Above sensitivity analysis is based on a change in assumption while holding all the other assumptions constant. In practice,
this is unlikely to occur, and change in some of the assumptions may be correlated. When calculating the sensitivity of
the defined benefit obligation to significant actuarial assumptions the same method (present value of the defined benefit
obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as when
calculating the defined benefit liability recognised in balance sheet.

x. Risk exposure

The gratuity scheme is a final salary Defined Benefit Plan that provides for lump sum payment made on exit either by way
of retirement, death, disability or voluntary withdrawal. The benefits are defined on the basis of final salary and the period
of service and paid as lump sum at exit. Valuations are based on certain assumptions, which are dynamic in nature and
vary over time. As such company is exposed to various risks as follow :

a) Interest rate risk: The plan exposes the Company to the risk of fall in interest rates. A fall in interest rates will result
in an increase in the ultimate cost of providing the above benefit and will thus result in an increase in the value
of the liability.

b) Salary inflation risk: Higher than expected increases in salary will increase the defined benefit obligation.

c) Investment risk: If Plan is funded then assets liabilities mismatch and actual investment return on assets lower than
the discount rate assumed at the last valuation date can impact the liability.

d) Demographic risk: This is the risk of variability of results due to unsystematic nature of decrements that include
mortality, withdrawal, disability and retirement. The effect of these decrements on the defined benefit obligation is
not straight forward and depends upon the combination of salary increase, discount rate and vesting criteria .

e) Liquidity risk: This is the risk that the Company is not able to meet the short-term gratuity pay outs. This may
arise due to non availability of enough cash/cash equivalent to meet the liabilities or holding of illiquid assets not
being sold in time.

f) Regulatory risk: Gratuity benefits paid in accordance with the requirements of the Payment of Gratuity Act,1972 (as
amended from time to time).There is a risk of change in regulations requiring higher gratuity pay-outs (e.g. Increase
in the maximum limit on gratuity of H 20,00,000).

notes

’The demand raised by the tax authorities is mainly towards disallowance of availment of CEnVRT credit and classification of product
in different tax buckets.

²The demands raised by the tax authorities are mainly towards enhancement of turnover due to certain disallowances, ineligible
GST input credits and local sales tax/Goods and service Tax (GST) demands upon completion of assessment and various other
miscellaneous matters raised by the respective state and central authorities.

During the year, Company has received demand order/show cause notices of H 29.25 Crore with equal amount of penalty from the
Rnti Evasion section of the GST and Central Excise Department from the state of Maharashtra, Madhya Pradesh and Rndhra Pradesh
for the period from July 01, 2017 to July 17, 2022, where department has alleged import/purchase of goods at higher rate and sale at
lower rate of GST on account of wrong HSn (Harmonized system nomenclature) classification code and other matters.

In addition to these demand orders, the Company has also received Show cause notice (SCn) of H 2.87 Crores from the Assistant
Commissioner of Central Tax and Central Excise, Vijayawada, Rndhra Pradesh on similar ground for the period from April 2018 to July
2022 against which replies has been submitted by the Company and is pending with respective authority.

Further, the Company has tilled writ petition and appeal against the said orders in state of Madhya Pradesh and Rndhra Pradesh
respectively and the Company is in the process of tilling writ petition with High court ot Maharashtra against the demand order raised
from state ot Maharashtra.

Based on advice obtained from tax expert, management is confident that it has a strong case on merits and therefore, no adjustments
are required in these financial statements of the Company.

³During the year, the Company has received demand order of H 2.84 crores from the Office of Joint Commissioner, West Bengal for
the FY 2020-21 on account of worng/ineligible ITC availed and non reversal of ITC in case of purchase credit notes. The Company
has filed the appeal to Joint Commissioner (Appeal) against the said order. Based on advice obtained from tax expert, management is
confident that it has a strong case on merits and therefore, no adjustments are required in these financial statements of the Company.

⁴In the year 2017, upon closure of CFL unit at Faridabad, Haryana the Company had transferred 13 employees from Faridabad to
different office locations of the Company. The workers, challenged their transfer and termination before Industrial Tribunal-cum-
Labour Court -III, Faridabad (Haryana), which passed an order on April 30, 2024 under Section 10(1)(c) of Industrial Dispute Rct
awarding reinstatement and payment of back wages for 13 erstwhile workers who were in litigation with the Company. Rs per
impugned award, total back wages for these 13 workmen at the rate of 50% of their last drawn wages amounting to H 0.98 crores
is to be paid by the Company. During the year, the Company has filed the writ petition against this order in the High Court of Punjab
and Haryana and Hon'ble Court reduced the back wages to H 0.04 crore per workmen and directed reinstatement of 13 workmen vide
order dated July 29,2024.Company has complied with the said order and accordingly the necessary impact amounting to H 0.52 Crores
has been considered in these financial statement.

⁵Entry Tax (Haryana) - Supreme Court of India vide its order dated nov 11, 2016, upheld the right of State Government to impose
the entry tax, however on the question regarding validity of each State Legislation imposing entry tax, the bench decided to let the
issue be determined by regular High Court benches of the respective states, pending decision of High Court of Punjab & Haryana, the
impact, if any, was not ascertainable.

In current year December 2024, Haryana government issued Haryana Goods and Services Tax (Removal of Difficulties) Order, 2024
("ROD") to complete the pending proceedings under the Haryana Entry Tax and accordingly, post issuance of removal of difficulties
(ROD) order by Haryana government, Excise and Taxation Officer-cum-Rssessing Ruthority has issued show cause notices to the
Company for RY 2015-16 to 2017-18 amounting to H 33.75 crores in respects of goods brought into Haryana for consumption/use/
sale in the said period.

The Company has filed Writ petition before High court of Punjab & Haryana against these show cause notices. Based on legal advice
obtained from tax expert, management is confident that it has a strong case on merits and therefore, no adjustments are required in
these financial statements of the Company.

⁶In the year 2021, Company had received a demand from Haryana State Pollution Control Board (HSPCB) stating that alleged discharge
from its Faridabad factory was in violation of the consent limits/ prescribed standards. The Company challenged the demand in
High Court of Punjab and Haryana. The matter has been disposed off by Hon'ble High court and directing HSPCB to reconsider the
submission of Company under the modified policy of HSPCB. Subsequently, HSPCB has reduced the demand towards environment
compensation as per its modified policy from H 0.48 crore to H 0.11 Crore. However, in view of the aforesaid demand raised by HSPCB,
prosecution proceedings were initiated by HSPCB before the Magistrate Court, Faridabad, wherein summons were served on the
Company and its directors.

The summons were challenged by the Directors in High Court of Punjab and Haryana and the same has been stayed by the Hon'ble
High court and is currently pending adjudication. The management, including its legal advisors, believes that the ultimate outcome of
these proceedings will not have an adverse impact on the Company's financial position and results of operation.

⁷The Company has pending export obligation on account of import duty exemption of H 1.18 crores (March 31, 2024:H 1.36 crores)
on capital goods imported under the Export Promotion Capital Goods (EPCG). The Company expects to fulfil the obligation in due
course of time.

B. Other Litigations

1. In respect of Kolkata plant where a portion of land (about 2 bigha) was taken on sub-lease by the Company, lease
agreement between owners of the said land and principal lessee expired in 1975. The owners filed eviction proceedings
against the principal lessee in 1976 and the suit was decided in favour of the owners in March 31, 2007. The Company
appealed against the same and vide interim order in May, 2007, the order of eviction and execution proceedings pursuant
to decree were stayed by Appellate Court, pending outcome of the appeal. However, pursuant to application by owners,
the Court directed the Company to deposit of H 60,000 Per month w.e.f. March 26, 2018 as occupational charges, which
continues to be disclosed as 'deposit' under Note 5 of the financial statements. During the current year, Fast-Track Court
at Sealdah vide order dated June 15, 2024 has passed an order in which judgement dated March 31, 2007, passed against
the Company has been set aside and the appeal filed by the Company against the original order was allowed on contest.

In light of order received on Jun 15, 2024, Company did not make any occupational charges deposit in the court from
July 2024 month onwards. Rlso, on September 27, 2024, the Company filed an application in the Court for refund of
occupational charges paid till Jun 30,2024 amounting to H 0.45 crore and matter is adjourned till June 30, 2025.

During the year, Owners have filed appeal before Calcutta High Court against said order which is admitted and pending
for further hearing. Based on legal assessment from expert, management believes that no liability needs to be accrued for
rental expenses or decommissioning liabilities in the financial statements at this stage.

2. Other than above, the Company has certain litigations under Section 138 of Negotiable Instruments Rct, 2018 and trade
receivables against these cases has been provided for.

3. During the earlier years, order was passed by Hon'ble High Court of Delhi for alleged design infringement, where in the
Court had issued restraining order on the manufacturing, marketing, and selling of specific model of fans category by the
Company and proceedings are in progress and the matter is subjudice.

Further, during the year, another case has been filed against the Company for alleging infringement trademark before
Hon'ble High Court of Delhi. Hon'ble High court, after hearing the matter referred the same to mediation which did not
succeed and currently matter is pending before Hon'ble High Court for further adjudication.

The management, including its legal advisors, believes that the ultimate outcome of these proceedings will not have an
adverse impact on the Company's financial position and results of operation.

C. Others

1. There are numerous interpretative issues relating to the Supreme Court judgement dated February 28, 2019 on Provident
Fund (PF) on the inclusion of allowances for the purpose of PF contribution as well as its applicability of effective date.
The Company is evaluating regarding various interpretative issues and its impact for the period before February 28, 2019
which in opinion of the management will not have material impact.

2. The Code on Social Security, 2020 ('code') relating to employee benefits during employment and post-employment benefits
received Presidential assent in September 2020. The code has been published in the Gazette of India. However, the date
on which the code will come into effect has not been notified and the final rules/interpretation have not yet been issued.
The Company will assess the impact of the code when it comes into effect and will record any related impact in the period
the code and the related rules to determine the financial impact becomes effective.

3. The E-Waste (Management) Rules, 2022 issued by CPCB become applicable on the Company with effect from April 1, 2023.
In respect to same, Company has obtained the EPR authorisation under E-Waste (Management) Rules, 2022 from CPCB as
a Producer for certain category of products listed under the Schedule I of E-waste Rules and has partnered with third-party
waste management organizations for collection and disposal of e-waste. In the current year, the Company, has computed
its obligation on the past sales whose product life has expired in the current year amounting to H 19.70 (March 31, 2024:
H 18.60 crores) which has been recognized in these financial statements. The said obligation is based on the management's
best estimates, and no further liability is anticipated to devolve upon the Company in this regard.

Rs per the expert opinion obtained, the Company will have an obligation to complete the Extended Producer Responsibility
targets in future years if it continues to remain market participant. Further, CPCB vide notification dated September 09,
2022, has issued guidelines for Environment Compensation under these rules. In accordance with these rules, CPCB

note 1: The remuneration to the key managerial personnel/others does not include the provisions made for gratuity and leave
benefits, as they are determined on an actuarial basis for the Company as a whole.

Note 2: Share based payment transactions included above relates to fair value of options granted to Key Management Personnel
under the ESOP scheme, that is amortised in the statement of Profit and Loss during the grant period until the Vesting of the shares
as per the scheme. (Refer note 13c)

35. Segment information

The segment reporting of the Company has been prepared in accordance with Ind AS-108, "Operating Segment" (specified under the
section 133 of the Companies Act 2013 (the Act) read with Companies (Indian Accounting Standards) Rule 2015 (as amended from
time to time) and other relevant provision of the Act).

Operating segments are defined as components of an enterprise for which discrete financial information so available is evaluated
regularly by Chief Operating Decision Maker (CODM), in deciding how to allocate resources and assessing performance. Accordingly,
the Company has identified two reportable business segments based on its product and services as follows:

Electrical Consumer Durables - Consists of manufacture / purchase and sale of electric Fans - ceiling, portable and airflow, along
with components and accessories thereof, and Appliances- coolers, geysers and home appliances etc .

Lighting & Switchgear- Consists of manufacture / purchase and sale of Lights & Luminaries- LED, street lights etc. and Switchgears-
switches, MCB and Wires etc.

The CODM primarily uses a measure of revenue from operation and profit or loss to assess the performance of the operating segments
on monthly basis.

The Company primarily operates in India and therefore the analysis of geographical segments is demarcated into its Within India and
Outside India Operations.

36. Share based payments

The Company has, vide special resolutions passed by postal ballot, effective from March 13, 2019, introduced and implemented 'Orient
Electric Employee Stock Option Scheme 2019' ("ESOP Scheme"). The terms and broad framework of the ESOP Scheme has been
approved by the Board of Directors of the Company at their meeting held on January 28, 2019. Pursuant to the provisions of Section
62(1)(b) and all other applicable provisions, if any, of the Companies Act, 2013 (the "Act") and the Companies (Share Capital and
Debenture) Rules, 2014 read along with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits
and Sweat Equity) Regulations, 2021 (SEBI ESOP Regulations), the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (the "Listing Regulations"), the nomination and Remuneration Committee ("Remuneration
Committee") of the Board of Directors of the Company is authorised to implement and administer the ESOP Scheme - 2019. The ESOP
Scheme has been formulated in accordance with the SEBI ESOP Regulations.

Under the ESOP Scheme, the eligible employees shall be granted employee Stock Options in the form of Options ("Stock Options")
which will be exercisable into equal number of equity shares of H 1/- each of the Company.

Details of the ESOP Scheme:

a) Exercise Price: Market Price of equity share as on the previous close rate on the Stock Exchange immediately preceding the
date of the grant.

b) Vesting Period :

(i) Grant 1 to 3 : 40% of options shall vest after 3 years from grant date and 60% of options shall vest after 4 years
from grant date.

(ii) Grant 4 to 6 : 40% of options shall vest after 2 years from grant date and 60% of options shall vest after 3 years
from grant date.

(iiii) Grant 7 and 8 : 33.33 % of options shall vest every year upto 3 years from grant date.

c) Exercise Period: 4 years post vesting.

d) Method of settlement: Equity.

e) Vesting conditions: Employee remaining in the employment of the Company during the vesting period.

In exercise of the powers, Remuneration Committee has, during the year granted a total of 3,00,378 (March 31, 2024:11,17,387)
new Stock Options to eligible employees of the Company as per ESOP Scheme- 2019, while 4,01,129 (March 31, 2024 : 431,961)
Stock Options, granted in earlier years have been lapsed on account of separation of employee from the company.

37. Leases
Rs a lessee

The Company has lease contracts for various Properties (e.g. Corporate office, Depots, Plants, Warehouse etc), leased lines, office
equipment's etc used in its operations. Leases of property generally have lease terms between 2 to 10 years. The Company's
obligations under its leases are secured by the lessor's title to the leased assets. Generally, the Company is restricted from assigning
and subleasing the leased assets. There are several lease contracts that include extension and termination options which are further
discussed below.

The Company also has certain leases of property and machinery with lease terms of 12 months or less and leases of office equipment
with low value. The Company applies the 'short-term lease' and 'lease of low-value assets' recognition exemptions for these leases.

Set out below are the carrying amounts of right-of-use assets recognised and the movements during the period:

40. Financial risk management objectives and policies

The Company's principal financial liabilities comprise loans and borrowings, and trade and other payables. The main purpose of these
financial liabilities is to finance the Company's operations. The Company's financial assets include trade and other receivables, cash
and cash equivalents and security deposits that derives directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company has a Risk management policy and its management
is supported by a Risk management committee that advises on risks and the appropriate financial risk governance framework for the
Company. The Risk management committee provides assurance to the Company's management that the Company's risk activities are
governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with
the Company's policies and risk objectives. The Board of Directors reviews and agrees policies for managing each of these risks, which
are summarised below.

Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk: currency risk, interest rate risk and other price risk, such as commodity price risk and
equity price risk. Financial instruments affected by market risk include trade payables, trade receivables, borrowings, etc.

Commodity price risk

The Company is affected by the price volatility of certain commodities. Its operating activities require the ongoing manufacture of
electronic items and therefore require a continuous supply of copper and aluminium being the major input used in the manufacturing.
Due to the significantly increased volatility of the price of the Copper and aluminium, the Company has entered into various purchase
contracts for these material for which there is an active market. The Company maintain the level of these stocks as per the requirement
of businesses and market which are discussed by the management on regular basis. Company operates in the way that saving/impact
due to change in commodity price are pass on to the customers and therefore impact on profit due to change in price of commodity
is unascertainable.

Interest rate risk

The Company's exposure to the risk of changes in market interest rates relates primarily to the Company's debt obligations with
floating interest rates. The Company's borrowings outstanding as at March 31, 2025 and March 31, 2024 comprise of fixed rate loans
and accordingly, are not expose to risk of fluctuation in market interest rate.

Foreign currency risk

The Company's exposure to foreign currency arises where a Company holds monetary assets and liabilities denominated in a currency
different to the functional currency of that entity with Indian rupees (H) . Set out below is the impact of a 5% change in the H on profit
and equity arising as a result of the revaluation of the Company's foreign currency financial instruments. The sensitivity analysis
includes only outstanding foreign currency denominated monetary items and adjusts their translation at the year end for a 5% change
in foreign currency rates. For a 5% strengthing/weakening of the H against the relevant currency, there would be a comparable
negative/positive impact on the profit or equity, as applicable.

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a
financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables).The Company deals with
parties which has good credit rating/worthiness based on Companys internal assessment.

Financial instruments and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company's treasury department in accordance with
the Company's policy. Investments of surplus funds are made in the bank deposits and overnight debt mutual funds. The limits are set
to minimize the concentration of risks and therefore mitigate financial loss through counter party's potential failure to make payments.

The Company's maximum exposure to credit risk for the components of the balance sheet at March 31, 2025 and March 31, 2024
is the carrying amounts . Trade Receivables and other financial assets are written off when there is no reasonable expectation of
recovery, such as debtor failing to engage in the repayment plan with the Company. The Company's maximum exposure relating to
financial assets is noted in liquidity table below.

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations or at a reasonable price. The
Company's treasury department is responsible for liquidity, funding as well as settlement management. In addition, processes and
policies related to such risks are overseen by senior management. Management monitors the Company's net liquidity position through
rolling forecasts on the basis of expected cash flows.

The Company's objective is to maintain a balance between continuity of funding and flexibility through the use of cash credits, bank
loans among others.

Maturity profile of Financial liabilities

The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting date based on
contractual undiscounted payments.

41. Capital management

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves attributable
to the equity holders. The primary objective of the Company's capital management is to maximise the shareholder value and keep the
debt equity ratio within acceptable range.

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 and issue new shares.

43. Corporate Social Responsibility

As per provisions of section 135 of the Companies Act, 2013, read alongwith the Rules made thereunder and Schedule VII thereto,
the Company has to incur at least 2% of average net profits, as per section 198 of the Companies Act, 2013, of the preceding three
financial years towards Corporate Social Responsibility ("CSR"). Accordingly, the Company has spent a sum of H 2.55 crores (March 31,
2024: H 2.95 crores) towards CSR activities as approved by the Board of Directors on the recommendations of CSR committee of the
Company. This amount has been charged to the Statement of Profit and Loss.

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to
estimate the fair values:

1. The fair values of the interest-bearing borrowings and loans are determined by using DCF method using discount rate that
reflects the Company's borrowing rate as at the end of the reporting period. The own non-performance risk as at March 31, 2025
was assessed to be insignificant.

2. Long-term receivables/payables are evaluated by the Company based on parameters such as interest rates, risk factors,
individual creditworthiness of the counterparty and the risk characteristics of the financed project. Based on this evaluation,
allowances are taken into account for the expected credit losses of these receivables.

The significant unobservable inputs used in the fair value measurement categorised within Level 3 of the fair value hierarchy
together with a quantitative sensitivity analysis as at March 31, 2025, are as shown below:

Fair value hierarchy

The Company uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:
Level 1: quoted (unadjusted) prices in active markets for identical assets or liabilities.

Level 2: other techniques for which all inputs that have a significant effect on the recorded fair value are observable, either
directly or indirectly.

Level 3: techniques that use inputs that have a significant effect on the recorded fair value that are not based on observable market data.

48. The Company uses accounting software for maintaining its books of account which has a feature of recording audit trail (edit
log) facility and the same has operated throughout the year for all relevant transactions recorded in the software, except that audit
trail feature is not enabled for direct changes to data for users with certain privileged access rights to the accounting software (SAP
S4 Hana application) and the underlying database. Further, certain features of the audit trail to record direct changes in application
was temporarily disabled during the year. However, there are no instance of audit trail being tampered during the year. Additionally,
the audit trail has been preserved as per the statutory requirements for record retention.

49. During the Current Year, Mr. Hitesh Kumar Jain, Company Secretary and Compliance Officer of the Company resigned from the
office of Company Secretary with effect from December 20, 2024. Subsequent to the end of financial year, on the recommendation of
Nomination and Remuneration Committee, the Board of Directors at their meeting held on April 25, 2025 approved the appointment
of Ms. Diksha Singh as Company Secretary and Compliance Officer (KMP) with effect from April 26, 2025.

50. The managerial remuneration paid/payable to Managing Director and CEO of the Company amounting to H 6.85 crores for the
financial year exceeded the prescribed limits under section 197 read with Schedule V to the Companies Act, 2013 by H 0.81 crores.
As per the provisions of the act, the excess remuneration is subject to approval of the shareholders which the Company proposes to
obtain in the forthcoming Annual General Meeting and shall be paid after receipt of shareholders' approval. As per the management's
assessment, the approval from shareholders for excess remuneration is probable.

51(a). Other Statutory information

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company
for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

(ii) The Company does not have any transactions with companies struck off under section 248 of Companies Act, 2013.

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

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

(v) 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.

(vi) 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.

(vii) The Company has not undertaken any such transaction which is not recorded in the books of accounts that has been surrendered
or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any
other relevant provisions of the Income Tax Act, 1961.

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

51(b) During the year, the Company has reassessed presentation of outstanding employee salaries and wages, which were
previously presented under 'Trade Payables' within 'Current Financial Liabilities'. In line with the recent opinion issued by the Expert
Advisory Committee (EAC) of the Institute of Chartered Accountants of India (ICAI) on the "Classification and Presentation of Accrued

Wages and Salaries to Employees", the Company has concluded that presenting such amounts under 'Other Financial Liabilities',
within 'Current Financial Liabilities', results in improved presentation and better reflects the nature of these obligations. Accordingly,
amounts aggregating to H 29.67 crores as at March 31,2025 (H 23.18 crores as at March 31, 2024), previously classified under 'Trade
Payables', have been reclassified under the head 'Other Financial Liabilities'. Both line items form part of the main heading 'Financial
Liabilities'.

52. In the earlier years, Board of Directors of the Company had accorded their in -principal approval for disposal of land parcel at
Hyderabad, total admeasuring 1,11,320 Sq.yards (hereinafter referred as "Land"). In Previous year, the Company had executed the sale
of said Land for net consideration of H 34.80 crores and accordingly, profit on sale of land of H 18.68 crores has been disclosed as an
exceptional item in Financial Statements.

53. The figures have been rounded off to the nearest crore of rupees upto two decimal places. The figure 0.00 wherever stated
represents value less than H 50,000/-.

As per our report of even date attached.

For S.R. Batliboi & Co. LLP For and on behalf of the Board of Directors of

Firm registration number: 301003E/E300005 Orient Electric Limited

Chartered Accountants

Per Amit Gupta C.K. Birla Ravindra Singh Negi

Partner Chairman and Director Managing Director

Membership no.: 501396 (Din 00118473) and Chief Executive Officer

(Din 10627944)

Arvind Kumar Vats

Chief Financial Officer
(ACA 091882)

Place: new Delhi Place: new Delhi

Date: April 25, 2025 Date: April 25, 2025