S.R. BATLIBOI & Co. LLP 25 View Corporate Toner-2 Sector 42, Sector Road Chartered Accountants Gurvaram: 122 002, Raryano, nia el :491 124.681 6000 INDEPENDENT AUDITOR’S REPORT To the Members of CIM Tools Private Limited Report on the Audit of the Financial Statements Opinion We have audited the accompanying financial statements of CIM Tools Private Limited (“the Company”), which comprise the Balance sheet as at March 31, 2023, the Statement of Profit and Loss, including the statement of Other Comprehensive Income, the Cash Flow Statement and the Statement of Changes in Equity for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and other explanatory information In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Companies Act, 2013, as amended (the Act”) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2023, its profit including other comprehensive income, its cash flows and the changes in equity for the year ended on that date. Basis for Opinion We conducted our audit ofthe financial statements in accordance with the Standards on Auditing (SAs), as specified under section 143(10) of the Act. Our responsibilities under those Standards are further described in the ‘Auditor’s Responsibilities for the Audit of the Financial Statements’ section of our report. We are independent of the Company in accordance with the ‘Code of Ethies’ issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements. Other Information ‘The Company's Board of Directors is responsible for the other information. The other information comprises the information included in the Director's report, but does not include the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether such other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regardS.R. BaTLiBol & Co. LLP Chartered Accountants Responsibility of Management for the Financial Statements ‘The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance including other comprehensive income, cash flows and changes in equity of the Company in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under section 133 of the Act read with the Companies (Indian Accounting, Standards) Rules, 2015, as amended. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concer, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those Board of Directors are also responsible for overseeing the Company’s financial reporting process. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion, Reasonable assurance is @ high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists, Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: + Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. + Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls. + Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. prneeS.R. BATLIBO! & Co. LLP Chartered Accountants + Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conchide that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern + Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards, Other Matter The financial statements of the Company for the year ended March 31, 2022, included in these financial statements, have been audited by the predecessor auditor who expressed an unmodified opinion on those statements on April 05, 2022. ‘The comparative financial information of the Company for the year ended March 31, 2022 and the transition date opening balance sheet as at April 01, 2021 included in these financial statements, are based on the previously issued statutory financial statements prepared in accordance with the Companies (Accounting Standards) Rules, 2021 audited by the predecessor auditor whose report for the year ended March 31, 2022 and March 31, 2021 dated April 05, 2022 and April 04, 2021 respectively expressed an unmodified opinion on those financial statements, as adjusted for the differences in the accounting principles adopted by the Company on transition to the Ind AS, which have been audited by Report on Other Legal and Regulatory Requirements 1. As required by the Companies (Auditor's Report) Order, 2020 (“the Order”), issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the “Annexure 1” a statement on the matters specified in paragraphs 3 and 4 of the Order. 2. As required by Section 143(3) of the Act, we report that: (a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit; (b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books;S.R. BATLIBOI & Co. LLP ‘Chartered Accountants © @) ©) 0) The Balance Sheet, the Statement of Profit and Loss including the Statement of Other Comprehensive Income, the Cash Flow Statement and Statement of Changes in Equity dealt with by this Report are in agreement with the books of account; In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Companies (Indian Accounting Standards) Rules, 2015, as amended; On the basis of the written representations received from the directors as on March 31, 2023 taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2023 from being appointed as a director in terms of Section 164 (2) of the Act; With respect to the adequacy of the internal financial controls with reference to these financial statements and the operating effectiveness of such controls, refer to our separate Report in “Annexure 2” to this repo (g) In our opinion, the managerial remuneration for the year ended March 31, 2023 has been hy paid/provided by the Company to its directors in accordance with the provisions of section 197 read with Schedule V to the Act; With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended in our opinion and to the best of our information and according to the explanations given to us: i, ‘The Company has disclosed the impact of pending litigations on its financial position in its financial statements — Refer note 34(b) to the financial statements; ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses; iii. There were no amounts which were required to be transferred to the Investor Edueation and Protection Fund by the Company. iv, a) The management has represented that, to the best of its knowledge and belief, as disclosed in the note 45 to the financial statements, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; b) The management has represented that, to the best of its knowledge and belief, as disclosed in the note 45 to the financial statements, no funds have been received by the Company from any person or entity, including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; andS.R. BATLIBOI & Co. LLP Chartered Accountents ¢) Based on such audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (a) and (b) contain any material misstatement. v, No dividend has been declared or paid during the year by the Company. vi. As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable for the Company only w.e.f. April 1, 2023, reporting under this clause is not applicable, For S.R. Batliboi & Co, LLP Chartered Accountants ICAI Firm Registration Number: 301003E/E300005, An— per Anil Mehta Membership Number: 095812 UDIN: 23095812BGXDLU6479 Place of Signature: Noida Date: May 24, 2023S.R. BATLIBOI & Co, LLP Chartered Accountants Annexure 1 referred to in paragraph 1 of our report of even date under section ‘Report on other legal and regulatory requirements’ CIM Tools Private Limited (“the Company”) n and explanations sought by us and given by the company and the books of account and records examined by us in the normal course of audit and to the best of our knowledge and belief, we state that: ()@) A. The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment. B. The Company has maintained proper records showing full particulars of intangibles assets, (b) All property, plant and equipment have been physically verified by the management during the year and no material discrepancies were noticed on such verification. (©) The title deeds of immovable properties included in the property, plant and equipment have been given as security against the financing facilities taken from the banks by the Company. Therefore, these title deeds could not be made available to us for verification, however, the same has been confirmed by the bank. Accordingly, we report that the ttle deeds of immovable properties are held in the name of the Company. (d) The Company has not revalued its Property, Plant and Equipment or intangible assets during the year ended March 31, 2023. (©) There are no proceedings initiated or are pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder. ii) (@) The management has conducted physical verification of inventory at reasonable intervals during the year. In our opinion the coverage and the procedure of such verification by the management is appropriate. Discrepancies of 10% or more in aggregate for each class of inventory were not noticed ‘on such physical verification. Inventories lying with third parties have been confirmed by them as at Mareh 31, 2023 and discrepancies of 10% or more in aggregate for each class of inventory were not noticed in respect of such confirmations. (b) As disclosed in Note 15(b) to the financial statements, the Company has been sanctioned working capital limits in excess of Rs. five crores from banks during the year on the basis of security of current assets of the Company. The quarterly returns/statements filed by the Company with such banks are in agreement with the books of accounts of the Company. Gili) (@) During the year, the Company has not provided loans, advances in the nature of loans, stood guarantee or provided security to companies, firms, Limited Liability Partnerships or any other parties Accordingly, the requirement to report on clause 3(iii){a) of the Order is not applicable to the Company. (b) During the year, the Company has not made investments, provided guarantees, provided security and ‘granted loans and advances in the nature of loans to companies, firms, Limited Liability Partnerships ‘or any other parties. Accordingly, the requirement to report on clause 3(iii)(b) of the Order is not applicable to the Company.S.R. BATLIBOI & Co, LLP Chartered Accountants (iv) Ww) wi) wii) (viii) (c) The Company has granted loan to company where the schedule of repayment of principal and payment of interest has been stipulated and the repayment or receipts are regular. (d) There are no amounts of loans and advances in the nature of loans granted to companies, firms, limited liability partnerships or any other parties which are overdue for more than ninety days. (©) There were no loans or advance in the nature of loan granted to companies, firms, Limited Liability Partnerships or any other parties which had fallen due during the year. () The Company has not granted any loans or advances in the nature of loans, either repayable on demand or without specifying any terms or period of repayment to companies, firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(fii)(A) of the Order is not applicable to the Company. There are no loans, investments, guarantees, and security in respect of which provisions of section 185, of the Companies Act, 2013 are applicable. Loans, investments, guarantees and security in respect of which provisions of section 186 of the Companies Act, 2013 are applicable, have been complied with by the Company. ‘The Company has neither accepted any deposits from the public nor accepted any amounts which are deemed to be deposits within the meaning of sections 73 to 76 of the Companies Act and the rules made thereunder, to the extent applicable. Accordingly, the requirement to report on clause 3(v) of the Order is not applicable to the Company. We have broadly reviewed the books of account maintained by the Company pursuant to the rules made by the Central Government for the maintenance of cost records under section 148(1) of the Companies Act, 2013, related to the manufacturing of sub-assemblies for aerospace, and are of the pinion that prima facie, the specified accounts and records have been made and maintained. We have not, however, made a detailed examination of the same, (a) Undisputed statutory dues including goods and services tax, provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of custom, duty of excise, value added tax, cess and other statutory dues have generally been regularly deposited with the appropriate authorities though there has been a slight delay in a few cases. According to the information and explanations given to us and based on audit procedures performed by us, no undisputed amounts payable in respect of these statutory dues were outstanding, at the year end, for a period of more than six months from the date they became payable. (b) There dues of goods and services tax, provident fund, employees’ state insurance, income tax, sales- tax, service tax, customs duty, excise duty, value added tax, cess, goods and service tax and other statutory dues which have not been deposited on account of any dispute, are as follows: Nature ofstatute | Nature of the | Amount in| Period to which | Forum where the dues INR Million | the amount | dispute is pending, relates Income Tax Act, | Income Tax 0.13 | AY 2011-12 Central Processing 1961 Centre Income Tax Act, | Income Tax 0.17 | AY 2016-17 Central Processing 1961 Centre The Company has not surrendered or disclosed any transaction, previously unrecorded in the books of account, in the tax assessments under the Income Tax Act, 1961 as income during the year. Accordingly, the requirement to report on clause 3(viii) of the Order is not applicable to the Company.S.R. BATLIBOI & Co. LLP Chartered Accountants (ix) (@) The Company has not defaulted in repayment of loans or other borrowings or in the payment of interest thereon to any lender. (b) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority, (©) Term loans were applied for the purpose for which the loans were obtained. (On an overall examination of the financial statements of the Company, no funds raised on short-term (d) basis have been used for long-term purposes by the Company. ‘On an overall examination of the financial statements of the Company, the Company has not taken any (©) funds from any entity or person on account of or to meet the obligations of its subsidiaries, associates or joint ventures, (x) (a) The Company has not raised any money during the year by way of initial public offer / further public offer (including debt instruments) hence, the requirement to report on clause 3(x)(a) of the Order is not applicable to the Company. (b) The Company has complied with provisions of sections 42 and 62. of the Companies Act, 2013 in respect of the preferential allotment or private placement of shares respectively during the year. The funds raised, have been used for the purposes for which the funds were raised, There are no fully or partially or optionally convertible debentures issued during the year. (xi) (@) No fraud by the Company or no fraud on the Company has been noticed or reported during the year. During the year, no report under sub-section (12) of section 143 of the Companies Act, 2013 has been (b) filed by cost auditor or by us in Form ADT ~4 as prescribed under Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government. (©) As represented to us by the management, there are no whistle blower complaints received by the Company during the year. (xi ‘The Company is not a nidhi Company as per the provisions of the Companies Act, 2013. Therefore, the requirement to report on clause 3(xii)(a), (b) and (c) of the Order is not applicable to the Company. (xiii) Transactions with the related parties are in compliance with section 177 and 188 of Companies Act, 2013 where applicable and the details have been disclosed in the notes to the financial statements, as required by the applicable accounting standards. (xiv) (@ The Company has an internal audit system commensurate with the size and nature of its business, (b) The internal audit reports of the Company issued till the date of the audit report, for the period under audit have been considered by us, (xv) The Company has not entered into any non-cash transactions with directors or persons connected with its directors and hence requirement to report on clause 3(xv) of the Order is not applicable to the Company. (xvi) (a) The provisions of section 45-1A of the Reserve Bank of India Act, 1934 (2 of 1934) are not applicable to the Company. Accordingly, the requirement to report on clause 3 (xvi)(a) of the-@rde applicable to the Company. Ws: ffS.R. BATLIBOI & Co. LLP ‘Chartered Accountants (b) The Company is not engaged in any Non-Banking Financial or Housing Finance activities, Accordingly, the requirement to report on clause 3 (xviX(b) of the Order is not applicable to the ‘Company. (c) The Company is not a Core Investment Company as defined in the regulations made by Reserve Bank of India, Accordingly, the requirement to report on clause 3(xvi)(c) of the Order is not applicable to the Company. (a) The Group has a Core Investment Company (CIC) as part of the Group, which is exempted from registration requirement. (xvii) ‘The Company has not incurred cash losses in the current year and in the immediately preceding financial year respectively. (xviii) The previous statutory auditors of the Company have resigned during the year and we have taken into consideration the issues, objections or concems raised by the outgoing auditors. (xix) nthe basis of the financial ratios disclosed in note 33 to the financial statements, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the financial statements, our knowledge of the Board of Directors and management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that any material uncertainty exists as on the date of the audit report that Company is not capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance sheet date, will get discharged by the Company as and when they fall due. (x) (a) In respect of other than ongoing projects, there are no unspent amounts that are required to be transferred to a fund specified in Schedule VII of the Companies Act (the Act), in compliance with second proviso to sub section 5 of section 135 of the Act. This matter has been disclosed in note 29 to the financial statements, (b) There are no unspent amounts in respect of ongoing projects, that are required to be transferred to a special account in compliance of provision of sub section (6) of section 135 of Companies Act. This matter has been disclosed in note 29 to the financial statements. For $.R. Batliboi & Co. LLP Chartered Accountants ICAI Firm Registration Number: 301003E/E300005 ao per Anil Mehta Partner Membership Number: 095812 UDIN: 23095812BGXDLU6479 Place of Signature: Noida Date: May 24, 2023S.R. BATLIBOI & Co, LLP Chertered Accountants. ANNEXURE “2” TO THE INDEPENDENT AUDITOR'S REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF CIM TOOLS PRIVATE LIMITED. Report on the Internal Financi: Companies Act, 2013 (“the Act”) Controls under Clause (i) of Sub-section 3 of Section 143 of the We have audited the internal financial controls with reference to financial statements of CIM Tools Private Limited (“the Company”) as of March 31, 2023 in conjunction with our audit of the financial statements of the Company for the year ended on that date, Management's Responsibility for Internal Financial Controls ‘The Company’s Management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (“ICAI”) ‘These responsibilities include the design, implementation and maintenance of adequate internal financii controls that were operating effectively for ensuring the orderly and efficient conduct of its busines including adherence to the Company’s policies, the safeguarding ofits assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013. i Auditor's Responsibility Our responsibility is to express an opinion on the Company's internal financial controls with reference to these financial statements based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note") and the Standards on Auditing, as specified under section 143(10) of the Act, to the extent applicable to an audit of internal financial controls, both issued by ICAI. Those Standards and the Guidance Note require that ‘we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls with reference to these financial statements was established and maintained and if such controls operated effectively in all material respects. ur audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to these financial statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements included obtaining an understanding, of internal financial controls with reference to these financial statements, assessing the tisk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. We believe that the audit evidence we have obtained is sufficient and appropriate to provide our audit opinion on the Company’s internal financial controls with reference to these finan statements basis for ialS.R. BATLIBOI & Co. LLP Chartered Accountants ‘Meaning of Internal Financial Controls With Reference to these financial statements A company’s internal financial controls with reference to financial statements is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. ‘A.company's internal financial controls with reference to financial statements includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements. Inherent Limitations of Internal Financial Controls With Reference to financial statements Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls with reference to financial statements to future periods are subject to the risk that the internal financial control with reference to financial statements may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate, Opinion In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to financial statements and such internal financial controls with reference to financial statements were operating effectively as at March 31, 2023, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note issued by the ICAL. For S.R. Batliboi & CO. LLP Chartered Accountants ICAL Firm Registration Number: 301003E/E300005 XS per Anil Mehta Partner Membership Number: 095812 UDIN: 23095812BGXDLU6479 Place of Signature: Noida Date: May 24, 2023Ct Tool Private Lites once Shoot as at March 34,2025, (llamounts in MR Non, unless otherwise tated) Noes eat aeat ‘eat March 34,2023 __Mareh4,2022 __ Apel, 2024 ASSETS Non-current assets Proper, plant an qupment 2 0763 1.108200 1.08872 cata workin progress a 1s - 458 Iniangtle arse 4 703 3 rr Investment in subsilaries and assole 5 ssr08 4588 4500 Fhancal sets {Otter oan sete 7 eae 532 Ss Deters ix assets (et 7 33 438 2098 tir noncurentassts 2 15834 0.05 : Non-curent inc asses (ne) » 78 187 see Totalnoncumentsesate Tae Tisai Tate Curent assets overtones . orzo estat 9.08 Fanci asses Tras receives © aes airs ‘00089 1. Cahand cath equvatente " 223 278 287 Bank baances oer han above 2 mas was 11470 fe Loans ‘ 076 8 oat Oe financial assets 7 200 430 ous Comer cument sees : S043 2286 2855. Sota curentaveets Tarra Tass Tat Total acsets S77 Zar Za EQUITY AND LIABILITIES Equity ui share capita 8 mos 2200 200 Other eauty Reserves end sus “ 4200.37 016.10 eso.s0 Tota equity = ArT 3.03810 a2 Lsbitios Non current tisbttios Francs tastes 1 Borowinge 519) 40051 313.93 S607 1 Omer trac baton 6 0st 7208 3843 Employee benef oigatons 6 2130 2484 2031 ‘otal non-current ables wart wer erat 1 Boreowings 150) 1.15678 evra 7488 I Trade payats "Toul ousting dues et mica ontarpises and smallentrprecs 18 s30 1999 - ‘ot oustanding dus ct creaioroierthan micro ererpsas ses wun ser ane sal erterpisos & omer nancial aber sur ore 2029 Employee benefit gations 337 135 +88 Curent cba (re) 15 135 : tier corentiiies a5 439 2 “otal current leitios Tamas “Taran 28 “Tota uabities S607 iaier a6 Tote equity and abies ayasre ar 230 Summary fsgifcant accounting sles 2 ‘Tne above Balance Shes shouldbe read mn conjncten ith he accompanying nots ‘AS pr currportt even die For SR. Gatibol& Co.LLP Forand on behalf ofthe Board of Directors os nail “7 Membersie No: 85012 fn oot26s7 DIN: 08545734 Pace: Nida Pace: Nota Pace: Nos Date hay 24, 2023 Dates May 24, 023 Date ay 24,2028Cin Tools Private Limited ‘Statement of Profit and Loss for year ended Mereh 31,2023 {Ast smouets in INR Niion, unless ethorwise ated) Wales Forthe yearended For the year ended March 31, 2023| March 31,2022 Revenue Revenue rom catvact with customers 29) 2288.20 162208 Other operating revenue 20) 3975 seat ‘Total even rom operations Fa0805 Te237 ‘ther noo a 491 600 ‘otal income 231236 sa8.06 Expenses ‘Coto ren mstorals and components consumed 2» sors ease7 [Changes ventory of fished goods and workn-rogoes 2% (0290) 1808 Employee berets expense 2% 31338 2538 Deprecation and amoriston expense 2 728 106.08 Fiance costs 2 7084 126 (her expenses 2 582.35 sae Tota expenses Zoe Ta Prof before tae Fa a7 Tax expenses » “ure at a cose siso Detered ae a1 2 ‘Total tax expense 60.28 Bir Prott forthe year oar en ‘other comprohensive Income hems not to be reclassified to profit oF loss In subsequent peviod Remeaturerens of po empoymen beret dlgatons ©. Detered tax on romessuremerts of post ployment bereft obigatons ° ther comprehensive income 0) (89) Total comprehensive income forthe year, net of taxes Brae SE Nominal value per share: INR 10 (Prev yer: INR 104) Basic & Dates mss ror _Surnmay of snes sccountng poles 2 ‘Te above Statement of Profit an Loss shouldbe readin conjunction wit the accompanying nles | per cur report of even date For SR Batibo! & Co. LLP For and on behalf ofthe Board of Directors (Chartered Accountants ICAI Fim Qeaistaton Nurber 010031900005. Parner wm Membership No- 085812 O DIN 03545731 Place: Nee lacs: Noise Pace: Nata Dates May 24,2028, Ost My 24,2023 Date May 24,2009,Statement of Changer In Equity ae at March 31, 2023, all amounts nN Mlilin, une otherwise ‘A Equty sare capt = Aa aa eT IE Neatshores —— Amount Wo ots Srount pening Balance 12 zep0000 20 2200000 2200 ‘Teruo egy hare capa fs “abs 2 238 : : Cosng Balance zaansz za on 00 2200 ities capital Retained Total es em, edematn tng Sr 7 Tee aaa a “ as ‘i, Tol connote ee yur : = ——er resi yer : ma at a : os 6) Snconsence mee reyes “ : : a err x Po ma ere 1 8 — of slicant aczouningpoleies 2 ‘The shove Sttenert of Changes in qty shuld be edn conluctin wih the aocompanyng notes ‘Aspe out oper of even date For SR atte & Co. LLP For and on bohat ofthe Board of Director ICAI Fim Perle Number: oyoose/es00005 per Ke On 00472617 DIN cae4s791 Pace: Nols Date May 24,2008 ce Nida Pace: Nota Date May 24,2028 Date May 24,2023Cita Tools Private Limited Cash Flow Statement for the year ended March 34, 2023, (All amounts in INR Million, unless otherwise stated) Forthoyear ended For the year ended March 34,2028 Mareh 31, 2022 A. Cash flow from operating activities: Profit before tax 268.10 160.73 ‘Adjustments to reconcile profit before tax to net cash flow: Depreciation and amortisation expense 12128 105.08 Loss on disposal of property plant and equipment (net) 032 084 ables writen back othe extent no longer required (0.08) 0.08 ‘ad debs! advances witen off 240 : Provision for dovbtul debs! advances 019 - Provision for employee benefits 581 4st Interest income @s7) 18) Finance cost m8 7128 Mark to Market Loss(Gain) 6.20 (0.38) Unreaices foreign exchange loss /gln (net) 0st 2437 Operating profit before working capital changes a8 Beat change in working capital: Increase! (decrease) in trade payables 7048 141.60 Increase! (decrease) in other payables 0.068 287 Increase’ (decrease) nother financial abies 26.80 (12.54) Increase! (decrease) n employee benefits (51) (078) (increase! decrease in trae receivables (998.73) 197.73) (increase) decrease in inventories (nar (22.24) (increase) decrease in cer financial assets (078) 213) (increase)! decrease in oer receivables 089 (748) ‘Cash used in operations: wou or) Income tates pid (net of refund) 4725) (20.03) Net cash generated fromi(used in) operations 7433 E50 . Cash flow from investing activities: Payments for propery, plant and equipment (induding capital workin progress) (0975) (1724) Proceeds fam sale of property, plant and equipment, 363 021 Investment in subsidiary (00120) : Loan (toepsid by related partes (ne) 3 29) Interest received 065, 0.4 {avexinn) ocents tom nut of depos wih remain matty fr mre an 3 pat gon "Net cash (used in) investing activites Tossa) 7e03}) ©. Cash flow from financing activites: Proceeds from issues of shares S317 5 Interest pais (i381) rst) Proceeds from log term borrowings ‘30187 * Repayment oflang term barowings (148.82) (268.88) Buy back of Non-Voting Series A" Equty share of INR 10 each (e564) - Payment of ax on buy back of Non-Voting Seles "A" Equly shares (26) : Proceeds! (Repayment) from short trm borrowings (net) 4 Not cach genarated/(used infrom financing activities Not increasedecrease) in cash and cash equivalents [Net oreign exchange ference on balance with banks in foreign currency Net cash snd cash equivalents at the beginning of the year CCash and cash equivalents as at year end 272 028) 23.70‘itt Tools Private Limited Cash Flow Statement for the year ended March 31,2023, (All amounts in INR Millon, unless otherwise stated) Forthe year ended For the year ended ‘March 31,2023 March 31, 2022 Gash and cash equivalents comprise ofthe following (Note 11) Balances wth banks 26.18 zs73 Cash on hand 005, 0.08 ‘cash and cash equivalents as at year end ez ‘Summary of sigiscant accounting oteles (Note: Notes: 1) The above Cath flow statement has been prepared under the “rect Method” as set ou in Indian Accounting Standard, “Statement of Cash Flows". 1) Figures in brackets indicate Cash Outtow. 1 Refer note 1 fr changes in abites arising from fancing actives ‘The above cash flow statement should be read in conjunction withthe accompanying notes ‘As per our report of even date For §.R Batibol & Co. LLP For and on behalf of the Board of Directors (Chartered Accountants ICAL Fim Registration Number: 3010036/¢300005 DS ‘i ‘Kunal Bala} er Anil Mehta sritaove.s é Partner ‘Whole Time Dretor Director Membership No- 095812 DIN: 00472617 DIN 09545731 Place: Noida Place: Noida Place: Noida Date: May 24, 2023 Date: May 24, 2023 Date: May 24, 2023,Notes to Financials Statements forthe yee ned March 31, 2028 1 Company Overview {iM Took Prva Litod th Company) wa Incorporated as Prats Limited Company on 28.021 ‘eps fice a Se No, Pl 467-460, 19 Grows, Poany nds rea, Banga 50058 “Tha Company pray engage te busners of manufacturing of Sub AszemBas o Aeospace. The Conpary hs wo mandtacuriag faites Bagabre hich ar henedinPeeys and Aeorpaen SE? Setar Hach, Donen an Anroapace Prk Sengeiu pect “The fran enements testbed or ieav In secardance wih 2 retain of he Soar of rectors on Mey 24, 2023, 2 summary of Signtan ecounting polis 201 Buss of reparation 2) The fol stoma fh Company have Been grape in accrtnce nt an Aczning Stns (ni AS) rote nde te Companies (ni econo Snr) Rae, 2015 en amen ear ana renin egoramens of ON Ht Seale Caries S209, a A compan Senedd, pple the tancal tere. (0 The tan satomers ul March 31,2022 ware prepare n accréance wife acouning sandr note in Canpsres(csountng Standard) Fic, 200 (as amunced) an ie teoar prosan ohe a : (o Thee franal sates te ft anal stent of Company under AS. lor nol or an een thw ersten om Feit GAAP ind AS hos tee he Comper’ naa pion fan petomence a ext ows (2 Tefen sleet hve ben pape Mtl lb, cep arte lawn acetal wich have Been mead fr Caan anil aes nd bites eased fa vate (fe role 2.15) eo or socunig pay one franclinebumenis) (o)Atamouns are etn sta tan 80.90 rere conte tes 2.62 New and wend standards “Te Min of Carport Afar haenfed Compares (han Acourtng Standard) Amengant Rls 202 dated Marc 23, 2022, 0 amend he {Stoning nd AS when oe elective tom Ap 9, 22 (0 onerous Contracts ~ Costs of Filing a Contract Amendments to Ind AS 37 ‘An enous coats» corre under wc te ivan of mowing We cgaon under the cant costs (Lee cots tha he Grup ‘iol avoid because thas he contrac) exceed te economicbenets expected fe rocaved under ‘The amendments spect tha when assessing whstheraconvacts onerous or ee-maing, a ety neds to ekae cot that ete cy 8 ‘iro provide goods er eenoeencng btn meron ct ge cae fre nat ans ma) and an soca of cons recy ‘bos to omar ater eprecaton of equpmert vedo ale contact and rat of cnal metegert end superior). areal hd aisliv cst drt fa ely to © canal re excued ust toy ere exp chargeable to De outtmpary Une the ‘The amendnents we eco fo nr reporting pafodsbapenig ono af 1 Ap 2022. These amendments have no Inpact onthe fen ‘Sements the Company as na onrou cara has been ered (i) Retrence ote Concepts Framework Amendmants to nd AS 103 “ine srandmnte replaced the reernce lo We ICA's “Framanark for the Preptaton ard Prosantaton of ancl Statemens und Ii ‘escining Santas wih he rourence to te ‘Dancefal Framencik fr Fen Reporing under Idan Pecouning Stand” what ‘enicany rangng reir. “he amendments se added an exception to he recon ence af nd AS 103 Business Combination oaveld ne eeu poe ‘sy 2 {une or bsaes eng fer tabiies and Sringetlaaiae in woul be wn the eeape of ind AS 3 Provan, Coningent Les ard {oniogurt Ace or Appendix evi af ind AS 37 nce separately. The secon reqs ents o apply he earn Iné AS 37 oF Depends © Loves find AS 37, respesuly nies of the Concpts! rameak 1 armel & rest Sobyten Ss at he “ne amendments oad 2 naw paapaph ond AS 19 tata contig assets do not quay or ecagriin a he aequston ct ‘Thesasmendaris ha no pact one franc tata he Company a ere were no eanehgent ess, abies or coring abies wii ee scope of es6 ameter tat rue dng the prod (0) Property lantand Equipment: Proceets befor Intended Use ~Amendiants to nd AS 16 "he amendments mocedporagaph 17 tng AS 1a arty Ot xeare fet te poceeds of ars rodced over ecto eth any, ‘hal ot be ecograr the prot or bse bu oduct tom ih est aul cats condor ne art lal fa em pepe, Saeaument ‘he amendments ae eetve for soul epring pees bepmng on or afer Ap 2022, These amendmen had no impacto He Tanda {ncmart the Company t there ware ne ses auch le rodued by proper, plant and eaupme made avs or oe ene er Oe soning othe eae pero presete, (0 Ind AS 10 Fete Adoption of Indian Accounting tances ~ Subsidiary 28 frstre adopter The amendment peri 8 subsdery tht eects o apy the exomplon in preraph DY) of AS 101 to messi cumuatve trensaton {Stecenons fra een operant andl strane using th simon ope by fe paren, bara one pens date a anston ind Ae, austens wre made or cnacson pradesh eet of he busess combination hich he pare acured Me ‘sian. This amendment ic ace aval oan asec ont vee that es exemplon paragraph DV) ond #8 11 ie diel a al epg po nnn ls Ad 202 La a vo mnpct on te nancial samen fe Compan‘ci Toole Private Linstes Notes to Financial Statament forthe ear ended March 31, 2025 1202 New and amended standards (continued) (Ind AS 169 Financial Irstruents~ Fees nthe 0 per cont test fr derecognition of nana Habs {Th amendinart sree he fot thls ey inches when seesang sata te tomo = ne er ode ancl ably are sistanahy ‘iter rom ne toms oe eighel anc abi. Tere os nce ry ose pad or reaved bowoen the borower Set nde, eg {noe pa or ees by ear aro tn scordance wh te Warton rvs, th Cor ‘ebegening of to snr epring ero wich Imp! on he frail ssements the Company as tere were no medicals of the Companys nel isrmants Cringe prs 2202 Curent versus noncurent clasefeation “Io company presents ass an ais in he arc seet sed co curen/ ance claslcaton An azz is rested as cren wen te: = eageteeo be rete ores tbe sls rears a nem opeaing eye 1 Hal pinay tr te purpose ang . 1 Expected ob relied win ave rect sire rprtng pag oF 1 cosnoreath equivalent nes epics om beng exchanged or sto etie Fal fr at es wee mond tere reporting ped ‘he Company dss a oder asas as noncuret Alaiye arent wna: + is expected be setien normal operating yo 1 iis at primny fore puposeervaarg {Tere no uneenconal rg to deter he setlement of Be Ebi fr teas twelve maths rte reporting prod “The aprang oye ethene beta the soda of aeet fr Pocassing an th relent in cach and cash equivalent. The Company has idee el monhaw operating ors, 2.04 Foreign currencies (9 Functonl ana presertatonaxreny The Conan tnetonalcuroncy ran Rapae (NR) andthe Snail etlement aro presentan lan Rup (NR) (© Tarsacsns na lances Frog eurency teneacions are tants othe functional cuancy ung the exchange ates elie Sates of he ransacons. Foreign exchange tan an ese esting Fo the solar ot sch aneactoe and rom the Waite of raneary asset sacs denna i fri Sens st yearend exsenge rts are gency rcngnies In role ine. They ate deeea it oer comprehensive tay reset ‘uaivng ash Row neeges No-one ams ta re masied a vlna feign cana Vaated using he exchange re the date when he ava ks {ceoined. Transat ifernees on sacl an aie cai ava re epartesa pat of te for vegan or ae The al ss Stag on rao of nem-ronetny Hams meas a a vate Wsled he wt he fezognton of tha gam ares onthe ange fa ve ttinatem (ce, rorion rence on ome wow Se vai nora i fecapisedin OCI tr loss recognised h Oto et brissrespacvey, tn determining te spat esnange ast ues an ial racorn a he rested ase, expense rnome (pr aft} en he dracognton af = nar~ tronelay set er honsaneay ay velang fo savenencansderatan, th dle of he tarancon ste leon which he Company aby ICeogiiue the aontmencry aeet or hanoneany labhy song rom fe advance coraderaln. i thre ae mle fajnenis o roc ih ‘trance, he Company delarminesheWarsacon der each poate teat abvance censicereton tn case oon em reign caren monetary tn sine pro Ap Gs, 202, the exchenge dterence aring on repating of such monetary ams tne ferent rom hose a hich fey were inal ovorded rn the ped ep n previous franc tenet in of au hey ‘ete woe aauion of» cprecatia capa ec ead oo dedute om te costo the easel a sal be dooresaes ove the Pane He be abst end oer cates te saa accused 3 "Foreign Guenoy Nena Nem TraaonDierenos Account nthe Companys Snot satemants and smorized over he balance peed euch ong frm Seat or at, yracognton a Ince or expense eath ochCh Toole Prvte Limite Notes to Financials Saleen forthe year ended March 31,2023 208 Use of Eatintes and Judgements bn eowatin fers ral siemens he mangement es ec, gent ed tung Thee eimai, pre and ‘rcorptons ec the appeaon of ssuning pone ana the rept sous of sets a tis. ascurres of carngetsusls end Inbites athe ase ote inal sntoreis ord roped sours of revenues and expanats dug ihe paid, Asal resis may Mer fom Note 2.14: Recngnitn of fared tne ailing frences aig and rverang wii he Tx oy ad Note 200: npsrrerto assets beng propery, pla ard emprent 206: Revenue fom Contract with Customers evens om conrass in cstomer recaps when canal othe gods or srven are ans to We cstoma tan amen hat ets the cansidraton to wth Gompany expects ob eniledn exchenge fr howe gods er serare. The Carper hae generey conduced ate ie pntpaln eevee arangemarts because fle oor pods or canes before waning ter he citer. Revenue rom sae of components Revenue tom sole of copanens scoped at the port n tne won con of tease is ransfered tothe caster, areal on deve ofthe upment The nal ea ee 4 to 120 days Upon er. “he Company considers wtbar tere ae oher promises nthe conn th a epaate prance gant which parton othe nsacon free neads be alos deer te Wansaclon ye ots sale ot stvan, he Comp Soran he elect arate cnsoeaten, Ne ‘Stenoe of gent tencog compara ow sash const, an contoraon pays t te une) ‘Variable consideration Ite consideration ia contact indies avril ema the Company estimates he amount of consideration owtich wi be ented in xchange {ortantenng he goad ath cts. The va orlcerston asinaed a cota: espten and sane ts highly probe Wt 8 Scan veneer the amount of camiatve revenue tecopreed wl ot czar when the salted untany wh the vale Gtr ewe eases, Cones eso compres ows Sunes wih #cnonay ah ol eam est Ge “Trae reciatles ae amuse fom cise for gad ald a eases pared inthe ord coien of snes, They are genealy de for {tleent win one year ane Wersfore ar al anaes cure Whee the seller due afer ane yr, iy ere dated ap non-cure. Tale cabs ae rocogrees ney a he ert fcodeaon rss unconbona uss hay cota sutcat tens componart, we hey Srerecogind sf vie, The Company halt Pe ade races th he ejoctve lo cle! He cael Cash fons a tear messi ‘hom sabeequty at sored cas uate efectve ses thd ‘Acerract assets te ents oto consider {ecomee a ecenaio wet he erty opt fo concerto ie wendona wich fe cate when ony th ‘yet ofthe cnsderston sue The mpament of corr asrtsemonsres, peered and eased othe ae ba nin exchange for goed of sever tat the ently has Yansfarod tthe custom. Acontract ast ti i rogue bere "rade recone ‘cael ete agen to Yantr goods or serves 1 # customer or wich the Company has recive cnseaton (orn ameunt of ‘eration i us) om ne cuter outomer pay cosgerationbotore ts Compmy anetere goss of eavens othe culo, act ‘Shy recs wane ay a ae pan ico ae), Con aes espe sere Ae Dn ipsimont i rcopod to he ent tht be canjng amount of eeiale ose ling to anace v customers 0) te remaining arnt ‘casera alte Company expect a reave exchange forthe goods or servenso whch chasse ees. ss () te costs al Fee ‘ecto proaing ase goods oseees ond at hae ot been record as exponeee eesti recognised usng te etecive meres rat (ER) motos tn nich toc Re the ale tna enaty acount ‘hime toe ca pope tails ve th expected te te inal rent fhe goss coming seu hs tana ssl oo ‘Srvized cont oa tana any, ven casa Be eects eee rae, e Company estates ha eapeted ash flow by consti De eins fe nol arn free, pay, ets et usp) Sse cata poe at ‘laden come ecognins wan te rh orceve payments established hic genray when sharers approve the iden,Note o Financia Statement forthe ra ended March 31,2028 Faw Huta Tools & Censuses, ied gods and Goods Trans ar veda er of os ond na slab valve on specie encston Ese Gent des a tern the go ae pa of ae, nating reg and revise wane Insranoe andrea charges Cost work bs progress and iced goods compres re! sel, ret our appropiate proportion of verse and oad overead expen, te Isderbong toca onto bats formal opersing capes, Net reatabe va ete estnaledsllg pie Inte ordinary cous of busines las the eatin ats of campeon and to ems costs Property, Plant & Equipment, angle Assets and Work sn - Progress 2) Property, lant & Equipment - Proper, Plot and equipment ar saad at cost, nat of accurate depreciation and accurate impart sss, any. Capt wrk in Domest redid ot cos, nal of sccunusesimpatert oss, ny. Suh oot ncusorexpenature tate rely sibel iothe ation Steen rte cat fear poo te ln ad eure and Barowng cows rego constuon poet te recapion aia jean he orig xchange erence eng em rely cen marelay fem (ates ole 2.03), ‘ine sigan pats of pla and eqipmest ar requced 1 be paced antral, te Company dereias thm separa based on Hele ‘Spelt ael ves Likes, wen a major pec spread scale rocogias I te caryng amour of te plant and equipment 86 ‘pecament ifthe recogntn a sr ated: A ede rear and maintenance css ae rcagaed prof orbs ences ‘subsequent cote we nde nthe see camying amauta recognised a 8 spate asc, 8 approprata, ony when He ponte hat ure ‘mors benef sacooaed ih the tom wi low fo the Company andthe cal af te em ah be measured flab. The caring mount he Depreciation Depreiton rhode, vse Me, eke vas ae reviewed etsy Use fe of the sels a doped by he Companys as par Seas ‘The se har been tise bw ‘utaras soyews ‘Becoa Ftinge| oven ‘ones equpmeras year ‘Sedu tthe Companies Act 209, rogues samc abzaion of he derail amount onan asst overs use, The dprcate ‘runt of ay ase ethos of tho ass or otar amount subi for cat less ls est vaue. The Campary has acpi usb He fo ‘aro ctogris ot seas ae sponte In Par © of Canes ote Ac, Pat of Schade I ss spetos that tho rele ave shou Be yang Assets Tonge ess tht are acquted by fe Conary and that have fits ust Wes ae measured at cos ess secused amorisaton ang ‘nse, any. Subssquem expenditure are eapleed only when Wey Hereace the ate eeanome Bes embodied n ‘he spot atl to wih ey ete xan set re de-ecogiia ber on We spots where no a amore benef er apace om te use Gain rss ang on ich devecogon x ocognaad in Stalemt of pollo lat. soe essed athe serence between De el Gepost Proceeds, Ian. aN¢ {hecaming amount ot respesive tangle azie on the ae of dorocgnon ‘Xorsaon le ecogeised ona sraghne asi aver ne einai vs of angle ees ntangbe assets hal ae no eal or se tre sarisd om te date hey ae avin or ure The exile ete andthe sersaon tou for angie see yah = wv Sei le mre reviewed heen of each repring peo. he aft of any changes erate big acne fot ah prospective basis. Te ‘simated tee fe and arrteton Mtg ae eve at he ond tach reparing pao ah the fie any anges h estmae BMD ‘Secon for on arospecove be The ue ef he nang ast ar 2 owe: CcompatrEaware years item propery anand esuprent and intangible ate i dereceonizs usa posal or when no fre economic bores ae expected to Sse om fhe canine use ote asa. Any gan oles ang onthe dose relent of an em ef property, plant end eauret and Inangbs asst le otomined ashe eference batneen he se roscoe ane te camyng sunt & propery. pan ni equpmat and wrongs tie! end f eogteed Seeman ot pot or se, Furher in exte wher the dapresaon onthe newt have beet ly ten of Be eda auc of 2 he vate canted i Se boas re cried award ou! apelin fate dpreaision one sme Depracaton on AddtonDisposal of an asset reas of Alston ase cng esse carded, demched er desroped ang he tans yar, he deprecaton on £40 az shal e ‘losed ona prorat rom he de of och sion ra he cana maybe plo date such asl hes ben ala. scares, demolished oF sreroyesNotes to Financials Statements forthe year ended March 31,2028 Employee Be Short Term Employee Benefits ‘Shore emayes tenet obigaon ae measured onan uncounted base ant are recorded as xpenee a the rad sarc is provided Benafts suc as tres, shot em compensaed absences nd orus le recogned ne peso vich te employee renders the rested avs. Shunt Tem Empoye beets nds partomancs nents inal ecg forthe ameu expec i be ed ure shrarm cash bens fr prt sha plas, ft Coreen Ras rest eal or conse egaon to pay ths sont as a esto pas sence proved bythe tmplyes anne clgaton can be nate ashy. Long Term Employee Gensite The Campa parcpsesnvaeus employee beet plans, Pansons and her postamploymert banefts are classed as ier dtd cotton Ban o dein beret plans Unde @orined carta ln the Compan ol gation fo pays eed amount wih no calgon io py fer [arrsaone tha tnd Goes no olson azate Yo pay a enpayes banat Te Ted maaara and vest eke ae bore yh “loys, Tha expend fr deta cottatin pan le eeaghsad as Sn expense ung the paiad wen the epayee proves servos. Use ‘etned beer lan ste Companys clgaon a proa agree benefs ote employes. Te eed ecuarl oe nvement et are bh by the Compory ne posan vai tte defied bent cigars causa by an naepandet asta veng fe prometed et est mee, Remeasuramonts comprig of actuarial gins and sss, he eect of he ase cong xcng ancus ned nt neon hen defines "not ay nd her npn sees (acing sms sted nner on ent Genes Doel aly), teeapises mats n the balance sheet wis caeapanding dei or eat To relared ergs ugh Oct ne peiot when Bey ceca. Remeasuements ste Nt raceafed to prt rls in saaoauel per. Pant eros ctte re ecogiedin prot rat on he ere of + The date ofthe an amendent octane an Theda thathe Campany recognises eed resrctug csts Net ines calaate by sphing he aca rale ot net ern bent ayo ase. The Group recognises the lewig change In th net {cine bona obigatin at an oxpancein the cones tment 3 pot and + Sere costs comprising cen sevice col, pas-sence css, gos and nases on crtanents and nonsoune stmt: sé Defines contribution plans Employee recive beats om a provident urd and engloye sae insurance und. The employer ad emeoyes sch make pede contioitons {ore psn arpa loc reguaten. To Company hat no nner payment blganons ones he conmbisons Rave faan pad The stone ae ‘cenrfd for ae dete carlin pane andthe centrouton ae ocoghsed ae erpoy benef eran inthe Statement of Pot nd ose ‘hapa ue boned on he moun of iron rogue to be made Defined Benefit pans ln accordance withthe Paynes of Gry Ac 1872. ape e ndan companies, he Company roves for a hp sum paymant fo ei sles a elfen oc tna of enpymen bated ont at eran say ana ens of oneoymet wt the Company. Companys Tay ‘ory re saiay Send ea etince Set ne ung popes test Ma Acai gas rine we cea Borowng cots drcly abuse othe acclton, constucton ogroducion of an ase that necessary aks sbslantil prod of time to get ‘eo fr ts rondo uve osle re cps as par the cost oe ast Al tor boron coats ar expanse nthe pom which they oc. ong on etn acon aw ey crac ne oog oh, ong Caso aur re ‘The Company asseses a convatincapon wane aconvat i, crane, ase, Thais, he convac conveys ergo con the use an ‘ele ssl rs peed line in exchange of eonleral i consiered alee ‘ine Caman aplae a snl recogniton and moseireme approach for a noes, excep for shorter lascas an eee of wv este The compar recignises ae fees orate esse payers and ighsose assets represen the igh se fw urderiig axel. Riaheotase assets ‘The Comesnyrecogeesghtatute ate lhe conmencaant ese of he kas ie the dale he undsigseet salle or use. gt be aa ae measured atest les ay asus doprcaion and npr besa anasto aa remaasueat ease ates. he ‘ost of igh ove nea Icas the aroun o late Inbles recognises nial de casts incyre, ard ase payrais mate als ble te emnerceren te es on ase iceavesrcaved. Riise sats ee deprecated ona rahe bei over he srr oe ate es The igitotase assats are alo sujet mpermen. Reet the acouing paces neo 214, Inpament of nor-ancal ass ‘A the commencement date fh ae, the Conparyrcogrics loc alts meacred athe present vale of see payment te made er he ‘Ses tn Te Inns payment nc Ne payer fedng i utance Peed payment) nes ay lee nares recto, vant ase payer hat depen onan des oa oe and amauts expected abe Pld unr resdulvaue quarries. The leas pyres Incl the ‘ease eof a purchase eple easaatycevain to be exeraaed by he Companys panats opener terminating te ease, Ihe ease {em etucts he Company eereing the ptr Io ent Leste Sabie, hich eapraey shown in he frit eaement are messed inal athe preserve othe kate payments. Svbsoqent Imessutemest a a lave tbly nse he nerense fhe caing wu orl! nore on te ase Hay ans Yedacng fee cng ater “mgrehensive ince) the caying smear rete! fe lease payers ads In Ben he caring arcu of ace fae errogeied