k) Provisions, contingent liabilities and
contingent assets

Provisions are recognized only when there is a present
obligation, as a result of past events, and when a

reliable estimate of the amount of obligation can
be made at the reporting date. These estimates
are reviewed at each reporting date and adjusted
to reflect the current best estimates. Provisions are
discounted to their present values, where the time
value of money is material.

Contingent liability is disclosed for:

• Possible obligations which will be confirmed only
by future events not wholly within the control of
the Company; or

• Present obligations arising from past events where
it is not probable that an outflow of resources will
be required to settle the obligation or a reliable
estimate of the amount of the obligation cannot
be made.

Contingent assets are neither recognized nor disclosed.
However, when realization of income is virtually certain,
related asset is recognized.

l) Cash and cash equivalents

Cash and cash equivalents include cash on hand,
deposits held at call with financial institutions, other
short-term, highly liquid investments with original
maturities of three months or less, that are readily
convertible to known amounts of cash and which are
subject to an insignificant risk of changes in value and
bank overdrafts. Bank overdrafts are shown within
borrowings in current liabilities in the balance sheet.

m) Cash flow statement

Cash flows are reported using the indirect method,
whereby net profit/(loss) before tax is adjusted for the
effects of transactions of a non-cash nature and any
deferrals or accruals of past or future cash receipts or
payments. The cash flows from operating, investing and
financing activities of the company are segregated.

n) Earnings per share

Basic earnings per share is calculated by dividing the
net profit or loss for the period attributable to equity
shareholders (after deducting attributable taxes)
by the weighted average number of equity shares
outstanding during the period. The weighted average
number of equity shares outstanding during the period
is adjusted for events including a bonus issue.

For 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.

Note 27: Balance Confirmations

Confirmations of receivables and payable balances have not been received by the Company; hence, reliance is
placed on the balances as per books. In the opinion of the management, the amounts are realizable/payable in
the ordinary course of business.

Note 28: Due to Micro and Small Enterprises

The Company has no dues to Micro and Small Enterprises as of March 31, 2025, and March 31, 2024 in the financial
statements based on information received and available with the company.

Note 29: Fair Value Measurements

i. Fair value hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position are grouped
into three levels of a fair value hierarchy. The three levels are defined based on the observability of significant
inputs to the measurement, as follows:

Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

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.

The Company's principal financial liabilities comprise
trade and other payables. The Company's principal
financial assets include trade and other receivables,
and cash & cash equivalents that derive directly from
its operations. The Company also holds investment in
its subsidiaries.

The Company is exposed to market risk, credit risk and
liquidity risk. The Company's Board of Directors oversees
the management of these risks. The Company's Board
of Directors is supported by the senior management
that advises on financial risks and the appropriate
financial risk governance framework for the Company.
The senior management provides assurance to the
Company's board of directors that the Company's
financial 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 carrying amounts reported in the statement of
financial position for cash and cash equivalents, trade
and other receivables, trade and other payables and
other liabilities approximate their respective fair values
due to their short maturity.

Note 30: Financial Instruments Risk Management
i. Market Risk

Market risk is the risk that changes in market prices,
such as foreign exchange rates, interest rates and
equity prices, which will affect the company's income
or the value of its holdings of financial instruments. The
objective of market risk management is to manage
and control market risk exposures within acceptable
parameters, while optimizing the return.

a. 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. The
company has exposure only to financial instruments at
fixed interest rates. Hence, the company is not exposed
to significant interest rate risk.

b. Price Risk

The company's exposure to equity securities price risk
arises from investments held by the company and
classified in the balance sheet either at fair value
through OCI or at fair value through profit and loss.
The majority of the company's equity instruments are
publicly traded.

ii. Credit Risk

Credit risk is the risk that a counter party fails to discharge an obligation to the Company, leading to a financial
loss. The Company is mainly exposed to the risk of its balances with the bankers and trade and other receivables.
Ageing of receivables is as follows:

iii. 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. Due to the nature of the business, the Company maintains flexibility in funding by maintaining availability
under committed facilities.

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. The Company's principal sources of liquidity are the cash flows generated from operations. The Company
has no long-term borrowings and believes that the working capital is sufficient for its current requirements.
Accordingly, no liquidity risk is perceived.

The tables below analyses the Company's financial liabilities into relevant maturity groupings based on their
contractual maturities for all non-derivative financial liabilities. The amounts disclosed in the table are the
contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact
of discounting is insignificant.

Note 33: Other Statutory Compliances

a) The company does not have any benami property,
where any proceeding has been initiated, or
pending against the company for holding any
benami property.

b) The company does not have any transactions with
companies struck off.

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

d) The company has not traded or invested in crypto
currency or virtual currency during the financial
year.

e) The company has not advanced or loaned or
invested funds to any other persons or entities,
including foreign entities (Intermediaries) with the
understanding that the Intermediary shall:

i. 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

ii. Provide any guarantee, security or the like to
or on behalf of the Ultimate Beneficiaries.

f) The company has not received any fund from
any persons or entities, including foreign entities
(Funding Party) with the understanding (whether
recorded in writing or otherwise) that the company
shall:

i. 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

ii. Provide any guarantee, security or the like on
behalf of the Ultimate Beneficiaries.

g) The company does not have any such transaction
which is not recorded in the books of account
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).

Note 34:

Previous year's figures have been regrouped/reclassified/recasted wherever necessary to confirm to the current
year's presentation.

As per our report on even date

For Seshachalam & Co. For and on behalf of the Board of Directors of

Chartered Accountants IIRM Holdings India Limited

Firm Registration Number.: 003714S [Formerly known as Sudev Industries Limited]

Vurakaranam Rama Krishna Rama Mohan Rao Bandlamudi

T. Bharadwaj Chairman-cum-Managing Director

Partner Director DIN: 00285798

Membership No.: 201042 DIN: 00700881

Naveen Kumar

Place: Hyderabad, Apparao Ryali Company Secretary

Date: April 23, 2025 Chief Financial Officer Membership No.: A51220