3.19 Provisions, contingent liabilities and
contingent assets

Provisions are recognised only when there is
a present obligation, as a result of past
events, it is probable that an outflow of
resources embodying economic benefits will
be required to settle the obligation, 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. If the effect of the
time value of money is material, provisions
are discounted to reflect its present value
using a current pre-tax rate that reflects the
current market assessments of the time
value of money and the risks specific to the
obligation. When provisions are discounted,
the increase in the provision due to the
passage of time is recognised as a finance cost.

Onerous contracts:

Present obligations arising under onerous
contracts are recognised and measured as
provisions. An onerous contract is considered
to exist where the Company has a contract
under which unavoidable costs of meeting
the obligations under the contract exceed
the economic benefits expected to be
received under it.

Warranty provision:

Provisions for warranty-related costs are
recognised when the service provided.
Provision is based on historical experience.
The estimate of such warranty-related costs
is revised annually.

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 not recognised.
However, when inflow of economic benefits is
probable, related asset is disclosed.

3.20 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 the purpose of calculating diluted
earnings per share, the net profit or loss for
the period attributable to equity
shareholders and the weighted average
number of shares outstanding during the
period are adjusted for the effects of all
dilutive potential equity shares.

3.21 Share based payments

The Company has equity-settled share-
based remuneration plans for its employees.
None of the Company's plans are cash-
settled.

Where employees are rewarded using share-
based payments, the fair value of employees'
services is determined indirectly by reference
to the fair value of the equity instruments
granted. This fair value is appraised at the
grant date and excludes the impact of non¬
market vesting conditions (for example
profitability and sales growth targets and
performance conditions).

All share-based remuneration is ultimately
recognised as an expense in profit or loss
with a corresponding credit to equity. If
vesting periods or other vesting conditions
apply, the expense is allocated over the
vesting period, based on the best available
estimate of the number of share options
expected to vest.

Upon exercise of share options, the proceeds
received, net of any directly attributable
transaction costs, are allocated to share
capital up to the nominal [or par) value of the
shares issued with any excess being recorded
as share premium.

The ESOP trust has been treated as an
extension of the Company and accordingly
shares held by ESOP Trust are netted off
from the total share capital. Consequently,
all the assets, liabilities, income and
expenses of the trust are accounted for as
assets and liabilities of the Company.

3.22 Cash and cash equivalent

Cash and cash equivalents comprises of cash
at banks and on hand, cheques on 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.

3.23 Segment reporting

The Company's business activity primarily falls
within a single segment which is manufacturing
and trading of varied engineering products for
general engineering industry, water and
wastewater industry and bulk solids handling
industry. The geographical segments
considered are "within India" and "outside
India" and are reported in a manner consistent
with the internal reporting provided to the
Chief Operating Decision Maker ("CODM") of
the Company who monitors the operating
results of its business units not separately for
the purpose of making decisions about
resource allocation and performance assessment.
The CODM is considered to be the Board of
Directors who make strategic decisions and
is responsible for allocating resources and
assessing the financial performance of the
operating segments. The analysis of
geographical segments is based on
geographical location of the customers.

3.24 Borrowing cost

General and specific borrowing costs that are
directly attributable to the acquisition,
construction or production of a qualifying
asset are capitalised during the period of

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

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

Other borrowing costs are expensed in the
period in which they are incurred. Borrowing
cost also includes exchange differences to
the extent regarded as an adjustment to the
borrowing costs.

3.25 Cash Flow Statement

Cash flows are reported using the indirect
method, whereby profit before tax is
adjusted for the effects of transactions of a
non-cash nature, any deferrals or accruals of
past or future operating cash receipts or
payments and items of income or expenses
associated with investing or financing cash
flows. The cash flows from operating,
investing and financing activities of the
Company are segregated. Cash and cash
equivalents for the purpose of the statement
of cash flows comprise cash and deposit with
banks and financial institutions. The
Company considers all highly liquid
investments with a remaining maturity at
the date of purchase of three months or less
and that are readily convertible to known
amounts of cash to be cash equivalent.

3.26 Recent accounting pronouncement

Ministry of Corporate Affairs ("MCA") notifies
new standards or amendments to the
existing standards under Companies (Indian
Accounting Standards) Rules as issued from
time to time. MCA has notified Ind AS - 117
Insurance Contracts and amendments to Ind
AS 116 - Leases, relating to sale and leaseback
transactions, applicable to the Company.
The Company has reviewed the new
pronouncements and based on its evaluation
has determined that it does not have any
significant impact in its financial statements.

4. Significant management judgement in
applying accounting policies and
estimation uncertainty

The preparation of the Company's standalone
financial statements requires management to
make judgements, estimates and
assumptions that affect the reported
amounts of revenues, expenses, assets and
liabilities and the related disclosures.

Significant management judgements

a) Recognition of deferred tax assets - The

extent to which deferred tax assets can
be recognized is based on an assessment
of the probability of the Company's future
taxable income against which the
deferred tax assets can be utilized.

b) Evaluation of indicators for impairment
of assets - The evaluation of applicability
of indicators of impairment of assets
requires assessment of several external
and internal factors which could result in
deterioration of recoverable amount of
the assets.

c) Contingent liabilities- At each balance
sheet date basis the management
judgment, changes in facts and legal
aspects, the Company assesses the
requirement of provisions against the
outstanding contingent liabilities.
However, the actual future outcome may
be different from this judgement.

d) Provisions - At each balance sheet date
basis the management judgment,
changes in facts and legal aspects, the
Company assesses the requirement of
provisions against the outstanding
contingent liabilities. However, the
actual future outcome may be different
from this judgement.

Significant estimates

a) Impairment of financial assets - At each
balance sheet date, based on historical
default rates observed over expected
life, existing market conditions as well as
forward looking estimates, the

management assesses the expected
credit losses on outstanding receivables
and advances. Further, management
also considers the factors that may
influence the credit risk of its customer
base, including the default risk
associated with industry and country in
which the customer operates.

b) Fair value measurements - Management
applies valuation techniques to
determine fair value of stock options.
This involves developing estimates and
assumptions around volatility, dividend
yield which may affect the value of stock
options. Some of the Company's assets
and liabilities are measured at fair value
for financial reporting purposes. Fair
values are categorized into different
levels in a fair value hierarchy based on
the inputs used in the valuation
techniques as follows:

Level 1: quoted prices [unadjusted) in active
markets for identical assets and liabilities

Level 2: inputs other than quoted prices
included in Level 1 that are observable for the
asset or liability, either directly [i.e. as prices)
or indirectly [i.e. derived from prices)

Level 3: inputs for assets or liabilities that
are not based on observable market data
[unobservable inputs) The Company
recognizes transfers between levels of fair
value hierarchy at the end of reporting period
during which the change has occurred.

Further information about the assumptions
made in measuring fair values is included in
Note 44 - Financial Instruments.

c) Defined benefit obligation (DBO) -

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

d) Useful lives of depreciable/amortisable
assets - Management reviews its estimate of
the useful lives of depreciable/amortisable
assets at each reporting date, based on the
expected utility of the assets. Uncertainties
in these estimates relate to technical and
economic obsolescence that may change the
utilisation of assets.

e) Provision for non/ slow moving Inventory -

Management creates adequate provisions
on the non-moving or slow-moving inventory

in accordance with suitable policy to
determine net realizable value of the
Inventory. Inventory includes Raw material,
finished goods and stock in trade. Inventories
are measured at the lower of cost and net
realizable value. Provision is made for slow
moving and obsolete inventory in accordance
with the policy of the Company. The
Company's policy and provision for slow
moving and obsolete inventory is reviewed
periodically by the management.

9.1 Notes

i) In an earlier year, equity shares held by the Company in Shivpad Engineers Private Limited, (40,509 shares amounting to 30%
of shareholding), were pledged by way of first pari passu charge in favor of State Bank of India, HDFC Bank, Axis Bank, and
Kotak Bank in connection with credit facilities, In view of the merger application for the amalgamation of Shivpad Engineers
Private Limited into the Company, which is currently pending before the National Company Law Tribunal (NCLT), the Company
approached the banks for the release of the pledged shares, The banks have confirmed their consent for the release of
pledged shares, However, the share certificates remain in the possession of SBI Capital Trust and will be released in due course,

ii) This includes investment by the Company in Rodney Hunt Inc, (formerly known as Jash USA Inc,) represented by equity share
capital amounting to INR 89,22 lakhs (31 March 2024- INR 89,22 lakhs] against which 18,500 shares have been issued to the
Company, An amount of INR 7,823,45 lakhs (31 March 2024- INR 5,205,04 lakhs) is invested by the Company in Rodney Hunt Inc,
(formerly known as Jash USA Inc,); the same has been classified as an "additional paid in capital" in Jash USA Inc, and no
equity shares have been issued to the Company against such investments,

ii) During the year, the Company has acquired 80% equity stake in Waterfront Fluid Controls Limited, UK. During the
previous year, the Company has paid an amount of INR 2,056.24 lakhs (GBP 20,00,000) as purchase price consideration
which consisted of 104,232 equity shares of the Company aggregating to INR 1,419.64 lakhs (GBP 14,00,000) (Equity
shares of face value INR 10 and premium of INR 1,352 per share ) and balance of INR 636.60 lakhs (GBP 6,00,000) in
cash. Consequently, Waterfront Fluid Controls Limited, UK, became the subsidiary company w.e.f 30 April, 2024.

Further, during the current year, the company has also paid an additional amount of INR 440.16 lakhs for acquisition of
equity shares on right basis.

iv) Investments in subsidiaries are stated at cost using the principles of Ind AS 27 'Separate Financial Statements'.

v) The investment in Rodney Hunt Inc. (formerly known as Jash USA Inc.) and Shivpad Engineers Private Limited includes
the vested portion of fair value of options granted to employees of these subsidiaries and has been accounted as
deemed equity contribution has been clubbed under investment in equity instruments of these subsidiaries.The details
of the same are as follows:

*On and from the Record Date of 30 October 2024, the equity shares of the Company have been sub- divided, such that 1 equity share
having face value of INR 10/- each, fully paid-up, stands sub-divided into 5 equity shares having face value of INR 2/- each, fully paid-up,
ranking pari-passu in all respects. The earnings per share for the prior periods have been restated considering the face value of INR 2/-
each in accordance with Ind AS 33 -"Earnings per share",

(b) Note for shares held under ESOP Trust:

The ESOP trust has been treated as an extension of the Company and accordingly shares held by ESOP Trust are netted off
from the total share capital, Shares held by the Trust are Nil as of 31 March 2025 (31 March 2024: Nil), Consequently, all the
assets, liabilities, income and expenses of the trust are accounted for as assets and liabilities of the Company, The financial
statements of the Trust have been audited by an independent other auditor,

For the details of shares reserved for issue under the Employee Stock Option Plan (ESOP) of the Company refer note 52,

(e) Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of INR 2 per share. Each holder of equity shares is
entitled to one vote per share. The Company declares and pays dividend in Indian Rupees. The dividend proposed by the
Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the
Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares
held by the shareholders.

(f) Shares reserved for issue under options

Information relating to Jash Engineering Employee Stock Option Scheme, including the details of options granted during
the financial year and options outstanding at the end of reporting period are specified in Note 52

(g) Details of shares issued pursuant to contract without payment being received in cash, allotted as
fully paid up by way of bonus issues and bought back during the last 5 years to be given for each
class of shares

During the previous year, the Company has issued 104,232 equity shares of INR 10/- each on preferential allotment basis at
fair value of INR 1,362 per share towards acquisition of 80% stake in Waterfront Fluid Controls Limited, UK. The issue of
shares (including security premium) amounts to INR 1,419.64 lakhs.

During the year, the Board of Directors of the Company, in their meeting held on 07 March 2025, recommended and declared an
Interim dividend of INR 0.8 per fully paid-up equity share of I NR 2/- each, for the year ended 31 March 2025.

The Board of Directors of the Company, in their meeting held on 05 May 2025, recommended a final dividend of INR 1.20 per fully
paid-up equity share of INR 2/- each, for the year ended 31 March 2025, subject to approval of shareholders at the ensuing
Annual General Meeting of the Company.

Nature and purpose of reserves:

Securities premium: Securities premium represents premium received on issue of shares. The reserve is being utilised in
accordance with the provisions of the Companies Act, 2013.

General reserve: General reserve is created from time to time by way of transfer of profits from retained earnings for
appropriation purposes. General reserve is created by a transfer from one component of equity to another.

ESOP outstanding account reserve: This reserve represents recognition of the grant date value of options issued to employees
under Employee stock option plan and adjusted as and when such options are exercised or otherwise expire.

SEZ Re-investment Reserve: This reserve created for to avail tax benefit u/s 10AA. 50% of profit has been transferred in SEZ
reserve and can be utilized for eligible plant and machinery. During the year, amounts equivalent to 50% profits of SEZ Unit I, INR
569.15 lakhs for financial year 2024-25 and INR 736.33 lakhs for financial year 2023-24 has been transferred to this reserve.
During the financial year 2024-25 and 2023-24 INR 227.34 lakhs and INR 90.33 lakhs respectively utilised for invest in eligible new
plant and machinery specified under section 10AA of the Income tax act, 1961.

Application money received towards convertible share warrants: During the previous year, the Company issued convertible
share warrants aggregating to 29,999 share warrants to promoter and non-promoter share holder at INR 1,527.50 each which is
convertible into 5 equity shares of face value of INR 2 each on preferential basis. Out of the above, the Company has received
25% as application money i.e INR 114.56 lakhs towards allotment of such share warrants and the balance 75% shall be payable by
the warrant holder(s] on the exercise of the warrant(s). The warrants and equity shares issued to pursuant to the exercise of the
warrants shall be locked-in as prescribed under the ICDR regulations from time to time.

Primary:Primary:

(a) First pari passu charge over Company's entire current assets

(b) Pari passu charge on entire fixed asset of the Company.

Collateral:

(a) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over land and building of the
Company situated at Plot No. M-19, SEZ Phase II, Pithambur admeasuring total area 8661.67 square meter in the name of the
Company.

(b) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No. 29, 30, Industrial Area
Sanwer Road, District-Indore admesuring 1,20,000 Sq. ft in the name of the Company.

(c) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No. 18 C, 31, 32 B
Industrial Area Sanwer Road, District-Indore admesuring 87,270 Sq. ft in the name of the Company.

(d) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No. M-11, Special
Economic Zone-II, Pithampur Industrial Area, District-Dhar admesuring 12,035 Sq. Mtr in the name of the Company.

(e) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Survey No. 74/2/2, patwari
halka No. 19 admeasuring 1.179 Hec. situated at Village Bardari, Tehsil Sanwer, District-Indore in the name of the Patamin
Investments Private Limited.

(f) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of
Survey No. 74/1 (0.866 Hec) & 74/2/1 (0.313 Hec) total admeasuring 1.179 Hec situated at Village Bardari, Tehsil Sanwer,
District-Indore in the name of the Company.

(g) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of
Survey No. 76/1 Paiki new Survey no. 76/1/2 total admeasuring 0.567 Hec situated at Village Bardari, Tehsil Sanwer, District-
Indore in the name of the Company.

(h) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of
Survey No. 76/1/3 new Survey no. 76/1/4 total admeasuring 0.425 Hec situated at Village Bardari, Tehsil Sanwer, District-
Indore in the name of the Company.

(I) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of
Survey No. 77 new Survey no. 77/1 total admeasuring 0.125 Hec situated at Village Bardari, Tehsil Sanwer, District-Indore in the
name of the Company.

(j) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of
Survey No. 76/1 Paiki new Survey no. 76/1/1 total admeasuring 0.243 Hec situated at Village Bardari, Tehsil Sanwer, District-
Indore in the name of the Patamin Investments Private Limited.

(k) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted land of
Survey No. 76/1/3 new Survey no. 76/1/5 total admeasuring 0.183 Hec situated at Village Bardari, Tehsil Sanwer, District-
Indore. in the name of the Patamin Investments Private Limited..

(l) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No. 18-A & 19, Sector-C,
Industrial Area, Sanwer Road, Tehsil & Distt. Indore admesuring 70,500 Sq. Ft in the name of the Company.

(m) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No. 18-B, Sector-C,
Industrial Area, Sanwer Road, Tehsil & Distt. Indore admesuring 6050 Sq. Ft in the name of the Company.

(n) In an earlier year, equity shares held by the Company in Shivpad Engineers Private Limited, (40,509 shares amounting to
30% of shareholding), were pledged by way of first pari passu charge in favor of State Bank of India, HDFC Bank, Axis Bank,
and Kotak Bank in connection with credit facilities. In view of the merger application for the amalgamation of Shivpad
Engineers Private Limited into the Company, which is currently pending before the National Company Law Tribunal (NCLT),
the Company approached the banks for the release of the pledged shares. The banks have confirmed their consent for the
release of pledged shares. However, the share certificates remain in the possession of SBI Capital Trust and will be released
in due course.

Mr. Suresh Patel

Mr. Pratik Patel

Patamin Investments Private Limited (except for HDFC Bank)

3) The Company availed term loan facility from HDFC Bank amounting to INR 1000.00 lakhs at rate of interest of 8.60% p.a
linked to 3M T-Bill. Repayment of term loan is to be done in 20 quarterly installments of INR 50 lakhs with last installment
falling due in year 2028-29. Outstanding book balance of term loan is INR 750.00 lakhs (31 March 2024: 950.00 lakhs).

The aforesaid working capital loan is secured by way of :

(a) First Pari Passu Charge on Fixed Assets of Unit 1 and SEZ. WDV as per B/s of Jash as on 31.03.2022- INR 3,110 lakhs

(b) First Pari Passu Charge on Entire Fixed Assets of Unit 2 and SEZ. WDV as per B/s of Jash as on 31.03.2022- INR 5,080 lakhs

(c) First Pari Passu on Patamin Investment Land- INR 400 lakhs Details of Property as follows:

I) Plot No. 18/A and 19, Sector C, Industrial Area, Sanwer Road Distt. Indore admeasuring 70,500 Sq Ft along with Plot No. 18/B
and 19, Sector C, Industrial Area, Sanwer Road Distt. Indore admeasuring 6050 Sq Ft along with Plot No. 18C, 31, 32 B,
Industrial Area, Sanwer Road Distt. Indore admeasuring 87270 Sq Ft along with Plot No.29 and 30, Industrial Area, Sector C,
Sanwer Road, District Indore. M.P. admeasuring 1,20,000 Sq. Ft.

ii) Industrially diverted piece of land bearing Survey no. 74/1 having area 0.866 Hc & Survey no. 74/2/1 having area 0.313 Hc
(Total Area- 1.179 Hc) of Village- Bardari Tehsil - Sanwer, Distt. Indore along with Industrially diverted piece of land bearing
Survey no. 76/1 (now 76/1/2) having area 0.567 Hc of VillageBardari Tehsil - Sanwer, Distt. Indore along with Industrially
diverted piece of land bearing Survey no. 76/1/3 part (now 76/1/4) having area 0.425 Hc of VillageBardari Tehsil - Sanwer,
Distt. Indore along with Industrially diverted piece of land bearing Survey no. 77 (now 77/1) having area 0.125 Hc of Village¬
Bardari Tehsil - Sanwer, Distt. Indore along with Survey No. 74/2/2, Patwari Halka No. 19 Bardari Gram, Sanwer, Indore
admeasuring 1.179 Hectare along with Industrially diverted piece of land bearing Survey no. 76/1 (now 76/1/1) having area
0.243 Hectare of Village- Bardari Tehsil - Sanwer, Distt. Indore along with Industrially diverted piece of land bearing Survey
no. 76/1/3 part (now 76/1/5) having area 0.183 Hectare of Village- Bardari Tehsil - Sanwer, Distt. Indore

iii) Plot No. M 19, SEZ Industrial Area, Pithampur, Dist. Dhar admeasuring 8661.67 Sq. Mtr

iv) Plot No. M-11, Phase-II, Misc. Zone, Special Economic Zone, Pithampur, Indore admeasuring 12035 Sq. Mts

(d) Equity Shares - First Pari Passu Charge on Pledge of 30%( No of Shares under various Portfolios put together: 40496) shares
of Shivpad Engineers Pvt Ltd.

(e) Current Assets - First Pari Passu Charge on all current assets

Also secured by way of guarantees from:

Mr. Suresh Patel

Mr. Pratik Patel

A) Details of working capital facility :

(I) 'Fund based credit facility of INR 3,000 lakhs (31 March 2024: INR 3,000 lakhs] sanctioned to the Company from HDFC Bank, It
comprises of Cash Credit ('CC') facility including sub-limit of short term loan facility at annual rate of interest of 8,9% linked
with 1Y-MCLR and and export packing credit ('EPC') within CC limit at an annual rate of interest 0,55% above 6M MCLR, For
Working Capital Demand Loan (WCDL) within fund based credit facility of INR 3,000 lakhs having interest rate is 8,25%,
Outstanding book balance for CC account from HDFC as on 31 March 2025 is INR 204,75 lakhs (31 March 2024 is INR 217,66
lakhs), EPC account as on 31 March 2025 is INR 1,390,90 lakhs (31 March 2024: INR 1,301,14 lakhs ) and outstanding book
balance of short term loan (WCDL) account is INR 1,000 lakhs (31 March 2024: INR 1,000 lakhs),

ii) Fund based credit facility sanctioned from State Bank of India comprise of cash credit facility amounting to INR 2,400 lakhs
(31 March 2024: INR 2,400 lakhs) at an annual rate of interest 0,20% above EBLR and export packing credit ('EPC') within CC
limit amounting to INR 2,100 lakhs (31 March 2024: INR 2,100 lakhs) at an annual rate of interest 1,15% above 91-day T Bills,
Outstanding book balance for CC account as on 31 March 2025 is INR 54,54 lakhs (31 March 2024 : INR 127,43 lakhs), EPC
account as on 31 March 2025 is INR Nil lakhs (31 March 2024: INR 266,78 lakhs) and overdraft book balance is INR 1,826,86 lakhs
(31 March 2024: INR 1,340,17 lakhs),

iii Fund based credit facility sanctioned from Axis Bank during the year comprise of cash credit ('CC') facility of INR 1,050 lakhs
(31 March 2024: INR 1,050 lakhs) at annual rate of interest of 2,5% above Repo rate, Outstanding Book balance for CC account
as on 31 March 2025 is INR 213,31 lakhs (31 March 2024: INR 353,10 lakhs),

iii (a) During the year the Company repaid the buyer's credit in form of Foreign Bank Guarantee Loan facility of Euro 150,000,
The outstanding balance as of 31 March 2025 is INR Nil lakhs (31 March 2024: INR 135,33 lakhs),

iv) Fund based credit facility sanctioned from Kotak Mahindra Bank Limited comprise of cash credit facility amounting to INR
1,000 lakhs (31 March 2024: INR 1,000 lakhs) at an annual rate of interest 2,6% above Repo Rate and export packing credit
('EPC') within CC limit amounting to INR 1,000 lakhs (31 March 2024: INR 1,000 lakhs) at an annual rate of interest 2,35% above
Repo Rate, Outstanding book balance for CC account as on 31 March 2025 is INR 270,76 lakhs (31 March 2024 : INR 189,04
lakhs), EPC account as on 31 March 2025 is INR Nil lakhs (31 March 2024: INR 500,00 lakhs ),

v) Fund based credit facility sanctioned from ICICI Bank Limited comprise of cash credit facility amounting to INR 499,00 lakhs
(31 March 2024: INR Nil lakhs) at an annual rate of interest 2,5% above Repo Rate and export packing credit ('EPC') within CC
limit amounting to INR 499,00 lakhs (31 March 2024: INR Nil lakhs) at an annual rate of interest 0,75% above Cost of Funding,
Outstanding book balance for CC account as on 31 March 2025 is INR 42,78 lakhs (31 March 2024 : INR Nil lakhs), EPC account as
on 31 March 2025 is INR Nil lakhs (31 March 2024: INR Nil lakhs ),

Primary for SBI and Axis Bank:

First pari passu charge over Company's entire stocks comprising raw materials, stock in process, finished goods, consumable
stores and spares and receivables at 18A, 18B, 18C, 19, 29-31, 32B Sector C, Industrial area, Sanwer Road, Indore Plot No, 1M-11,
Misc, zone Phase-II SEZ, Pithampur dist, Dhar, and survey no, 74/1,74/2/1, 74/2/2, 76/1/3 (now 76/1/4), 76/1 (now 76/1/1), 76/1/3
(now 76/1/5) PH No, 19, Bardari Tehsil, dist Sanwer, Indore survey no, 77 (now 77/1), PH no, 36, Bardari Tehsil, sanwer district,
Indore Plot no, 19SEZ Phase-II, pithampur and at such other places approved by the Bank including good in transit/shipment
in the name of Company,

Primary for Kotak Bank:

First pari passu hypothecation charge to be shared with Axis Bank, HDFC Bank and State Bank of India on all existing and
future current assets and Movable fixed Assets,

Primary for HDFC Bank:

(a) First pari passu charge over Company's entire current assets

(b) Pari passu charge on entire fixed asset of the Company,"

Primary for ICICI Bank:

Exclusive charge on Fixed Deposit of INR 600,00 lakhs,

Collateral for all the banks (except ICICI Bank):

(a) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over land and building of the Company
situated at Plot No, M-19, SEZ Phase II, Pithambur admeasuring total area 8661,67 square meter in the name of the Company,

(b) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No, 29, 30, Industrial Area
Sanwer Road, District-Indore admesuring 1,20,000 Sq, ft in the name of the Company,

(c) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No, 18 C, 31, 32 B Industrial Area
Sanwer Road, District-Indore admesuring 87,270 Sq, ft in the name of the Company,

(d) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No, M-11, Special Economic
Zone-II, Pithampur Industrial Area, District-Dhar admesuring 12,035 Sq, Mtr in the name of the Company,

(e) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Survey No, 74/2/2, patwari halka No,
19 admeasuring 1,179 Hec, situated at Village Bardari, Tehsil Sanwer, District-Indore in the name of the Patamin Investments Private
Limited,

(f) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of Survey
No, 74/1 (0,866 Hec) & 74/2/1 (0,313 Hec) total admeasuring 1,179 Hec situated at Village Bardari, Tehsil Sanwer, District-Indore
in the name of the Company,

(g) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of Survey
No, 76/1 Paiki new Survey no, 76/1/2 total admeasuring 0,567 Hec situated at Village Bardari, Tehsil Sanwer, District-Indore in the
name of the Company,

(h) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of Survey
No, 76/1/3 new Survey no, 76/1/4 total admeasuring 0,425 Hec situated at Village Bardari, Tehsil Sanwer, District-Indore in the name
of the Company,

(I) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of Survey
No, 77 new Survey no, 77/1 total admeasuring 0,125 Hec situated at Village Bardari, Tehsil Sanwer, District-Indore in the name of the
Company,

(j) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted Land of Survey
No, 76/1 Paiki new Survey no, 76/1/1 total admeasuring 0,243 Hec situated at Village Bardari, Tehsil Sanwer, District-Indore in the
name of the Patamin Investments Private Limited,

(k) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over industrially diverted land of Survey
No, 76/1/3 new Survey no, 76/1/5 total admeasuring 0,183 Hec situated at Village Bardari, Tehsil Sanwer, District-Indore, in the name
of the Patamin Investments Private Limited,,

(l) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No, 18-A & 19, Sector-C,
Industrial Area, Sanwer Road, Tehsil & Distt, Indore admesuring 70,500 Sq, Ft in the name of the Company,

(m) First pari passu charge with HDFC, SBI, Kotak Mahindra and Axis bank by way of mortgage over Plot No, 18-B, Sector-C, Industrial
Area, Sanwer Road, Tehsil & Distt, Indore admesuring 6050 Sq, Ft in the name of the Company,

(n) In an earlier year, equity shares held by the Company in Shivpad Engineers Private Limited, (40,509 shares amounting to 30% of
shareholding), were pledged by way of first pari passu charge in favor of State Bank of India, HDFC Bank, Axis Bank, and Kotak Bank
in connection with credit facilities, In view of the merger application for the amalgamation of Shivpad Engineers Private Limited into
the Company, which is currently pending before the National Company Law Tribunal (NCLT), the Company approached the banks
for the release of the pledged shares, The banks have confirmed their consent for the release of pledged shares, However, the
share certificates remain in the possession of SBI Capital Trust and will be released in due course,

* On and from the record date of 30 October 2024, the equity shares of the Company have been sub-divided such that 1 (one)
equity share with a face value of INR. 10/- each is converted into 5 (five) equity shares with a face value of INR. 2/- each, fully
paid-up, ranking pari-passu in all respects. The Earnings Per Share (EPS) numbers of the current quarter and year ended 31
March 2025 and all comparative periods presented above have been restated to give effect of the share split in accordance
with IND AS 33 - 'Earnings per Share.

** The Company had granted employee stock option during the earlier year 2019-20, with a vesting schedule of four years,
beginning from 13 February 2021 to 13 February 2024. Accordingly, in addition to common shares, Nil shares (31 March 2024:
95,983 shares) dilutive shares have been considered for computing diluted earning per share.

The Company had also granted employee stock option during the previous year 2023-24, with a vesting schedule of four
years, beginning from 04 February 2024 to 04 February 2027. Accordingly, in addition to common shares, 422,277 shares (31
March 2024: 53,700 shares) dilutive shares have been considered for computing diluted earning per share.

The company had also issued 149,995 convertible equity share warrants during the previous year 2023-24. Accordingly in
addition to common shares, 25,849 convertible equity share warrants consider a potental equity shares for computing
diluted earning per share."

(xi) The expected expense on its gratuity plan in the next accounting period amounts to INR 243.33 lakhs (31 March 2024:
INR 185.22 lakhs) & the extent of the Company's contribution to the plan assets will be based on future liquidity
positions.

B Compensated absences (unfunded)

The leave obligations cover the Company's liability for earned leaves. The Company does not have an unconditional right to
defer settlement for the obligation shown as current provision balance above. However based on past experience, the
Company does not expect all employees to take the full amount of accrued leave or require payment within the next 12
months, therefore based on the independent actuarial report, only a certain amount of provision has been presented as
current and remaining as non-current. Amount of INR 125.17 lakhs (31 March 2024: INR 85.14 lakhs) has been recognised in the
statement of profit and loss.

B Fair values hierarchy

The fair value of financial instruments as referred to in note (A) above has been classified into three categories depending on
the inputs used in the valuation technique, The hierarchy gives the highest priority to quoted prices in active markets for
identical assets or liabilities [Level 1 measurements] and lowest priority to unobservable inputs [Level 3 measurements],

The categories used are as follows:

Level 1: Quoted prices for identical instruments in an active market

Level 2: Directly (i,e, as prices) or indirectly (i,e, derived from prices) observable market inputs, other than Level 1 inputs; and
Level 3: Inputs which are not based on observable market data (unobservable inputs), Fair values are determined in whole or in
part using a net asset value or valuation model based on assumptions that are neither supported by prices from observable
current market transactions in the same instrument nor are they based on available market data,

** Fair value of financial assets and liabilities measured at amortised cost approximates their respective carrying values as the
management has assessed that there is no significant movement in factor such as discount rates, interest rates, credit risk
from the date of the transition, The fair values are assessed by the management using Level 3 inputs,

***The financial instruments measured at FVTPL represents the following items constitutes to level 1 category and other
financial liability containing derivative liability has been valued using level 2 valuation hierarchy above,

Risk Management

The Company's activities expose it to market risk, liquidity risk and credit risk. The Company's Board of Directors has overall
responsibility for the establishment and oversight of the Company's risk management framework. This note explains the
sources of risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial
statements.

The Company's risk management is carried out by a finance department (of the Company) under policies approved by the Board
of directors. The Board of directors provides written principles for overall risk management, as well as policies covering specific
areas, such as foreign exchange risk, interest rate risk, credit risk and investment of excess liquidity.

1. Credit risk

Credit risk is the risk that a counterparty fails to discharge its obligation to the Company. The Company's exposure to credit risk
is influenced mainly by cash and cash equivalents, trade receivables and other financial assets measured at amortised cost. The
Company continuously monitors defaults of customers and other counterparties and incorporates this information into its
credit risk controls.

a) Credit risk management

(I) Credit risk rating

The Company assesses and manages credit risk based on internal credit rating system. Internal credit rating is performed for
each class of financial instruments with different characteristics. The Company assigns the following credit ratings to each class
of financial assets based on the assumptions, inputs and factors specific to the class of financial assets.

(i) Low credit risk

(ii) Moderate credit risk

(iii) High credit risk

Based on business environment in which the Company operates, a default on a financial asset is considered when the counter
party fails to make payments within the agreed time period as per contract. Loss rates reflecting defaults are based on actual
credit loss experience and considering differences between current and historical economic conditions.

Assets are written off when there is no reasonable expectation of recovery, such as a debtor declaring bankruptcy or a litigation
decided against the Company. The Company continues to engage with parties whose balances are written off and attempts to
enforce repayment. Recoveries made are recognised in statement of profit and loss.

Cash & cash equivalents and bank deposits

Credit risk related to cash and cash equivalents and bank deposits is managed by only accepting highly rated banks and
diversifying bank deposits and accounts in different banks across the country.

Trade receivables and loans

Life time expected credit loss is provided for trade receivables. Based on business environment in which the Company operates,
a default on a financial asset is considered when the counter party fails to make payments within the agreed time period as per
contract. Loss rates reflecting defaults are based on actual credit loss experience and considering differences between current
and historical economic conditions. Assets are written off when there is no reasonable expectation of recovery, such as a debtor
declaring bankruptcy or a litigation decided against the Company. The Company continues to engage with parties whose
balances are written off and attempts to enforce repayment. Recoveries made are recognised in statement of profit and loss.

Other financial assets measured at amortised cost

Other financial assets measured at amortised cost includes export benefits receivables, bank deposits with maturity of more
than 12 months and other receivables. Credit risk related to these other financial assets is managed by monitoring the
recoverability of such amounts continuously, while at the same time internal control system in place ensure the amounts are
within defined limits.

(ii) Concentration of trade receivables

In order to avoid excessive concentrations of risk, the Group's policies and procedures include specific guidelines to focus on the
maintenance of a diversified portfolio. Identified concentrations of credit risk are controlled and managed accordingly. Details of
the such identified concentrations of credit risk are disclosed below:

(iii) Expected credit losses

I) Financial assets (other than trade receivables)

Company provides for expected credit losses on loans and advances other than trade receivables by assessing individual
financial instruments for expectation of any credit losses.

For cash & cash equivalents and other bank balances - Since the Company deals with only high-rated banks and financial
institutions, credit risk in respect of cash and cash equivalents, other bank balances and bank deposits is evaluated as very low, -
For loans - Credit risk for loan given to subsidiaries are evaluated on an individual basis by the management after considering
the future cash flows expected to be derived, Credit risk for security deposits and loans is considered low because the Company
is in possession of the underlying asset,

ii) Expected credit loss for trade receivables under simplified approach

The Company recognizes lifetime expected credit losses on trade receivables using a simplified approach, wherein Company has
defined percentage of provision by analysing historical trend of default based on the criteria defined below and such provision
percentage determined have been considered to recognise life time expected credit losses on trade receivables (other than
those where default criteria are met in which case the full expected loss against the amount recoverable is provided for), Further,
the Company has evaluated recovery of receivables on a case to case basis where these related parties will be able to generate
adequate positive cash flows for payment of their dues to the Company, Hence, no provision on account of expected credit loss
model has been considered for such related party balances,

2 Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial
liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to
ensure as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due.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.

3 Market risk
a) Foreign currency risk

The Company is exposed to foreign exchange risk arising from foreign currency transactions, primarily with respect to the US
Dollar, EURO, Singapore Dollar (SGD), Canadian Dollar(CAD) and GBP. Foreign exchange risk arises from recognised assets and
liabilities denominated in a currency that is not the functional currency of the Company. Considering the volume of foreign
currency transactions, the Company's exposure to foreign currency risk is limited and the Company has taken certain forward
contracts to manage its exposure.

The Company's capital management objectives are

• to ensure the Company's ability to continue as a going concern

• to provide an adequate return to shareholders

The Company monitors capital on the basis of the carrying amount of equity less cash and cash equivalents as presented on the
face of balance sheet.

Management assesses the Company's capital requirements in order to maintain an efficient overall financing structure while
avoiding excessive leverage. This takes into account the subordination levels of the Company's various classes of debt. The
Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk
characteristics of the underlying assets. In order to maintain or adjust the capital structure, the Company may adjust the
amount of dividends paid to shareholders, return capital to shareholders, issue new shares, or sell assets to reduce debt.

* Amount of investment in Engineering and Manufacturing Jash Limited is INR 8/- (31 March 2024: I NR 8/-).

** The name of the Jash USA Inc. has been changed to Rodney Hunt Inc. w.e.f 08 January 2025.

^AAThe above amount of security deposit is the amount given as per agreement. However, the same has been carried at
amortised cost.

^AAALease liability is booked pursuant to the guidance of Ind AS 116, Leases,

50. Lease related disclosures

The Company has leases for various land locations at different plant sites across India and related facilities. With the exception
of short-term leases and leases of low-value underlying assets, each lease is reflected on the balance sheet as a right-of-use
asset and a lease liability. The Company classifies its right-of-use assets in a consistent manner to its property, plant and
equipment.

(e) Company has not incurred any cost for obtaining contracts except administrative cost required for preparation of
offers and the same is charged to Statement of Profit and Loss.

(f) At the end of the financial year, there are no unsatisfied performance obligation for the contracts with original
expected period of satisfaction of performance obligation of more than one year.

52 Share-based payments
a) Employee stock option plan

The establishment of the Jash Engineering Employee Stock Option Scheme was approved by shareholders through postal ballot
on 10 August 2019. The Employee Stock Option Plan is designed to provide incentives to employees who have completed a
minimum three years in the Company. Under the plan, participants are granted options which vest in four Tranchees in four
years from the grant date. Participation in the plan is at the board's discretion and no individual has a contractual right to
participate in the plan or to receive any guaranteed benefits.

Once vested, the options remain exercisable for a period of one month (As followed by management based on discretion given
by scheme).

Options carry no dividend or voting rights until they are exercised. When exercisable, each option is convertible into one equity
share. The exercise price of the options determined at 20% discount on the closing market price of one day prior to the date of
grant on stock exchange where the equity shares of the Company are listed.

*On and from the record date of 30 October 2024, the equity shares of the Company have been sub-divided such that 1
(one) equity share with a face value of INR. 10/- each is converted into 5 (five) equity shares with a face value of INR. 2/-
each, fully paid-up, ranking pari-passu in all respects. The average exercise price per share and fair value of options also
adjusted accordingly.

^AThe expected price volatility is based on the historic volatility (based on the remaining life of the options), adjusted for any
expected changes to future volatility based on publicly available information.

(b) Expense arising from share-based payment transactions

Total expenses arising from share-based payment transactions recognised in profit or loss as part ot employee benefit
expense were as follows:

Explanation for change in the ratio by more than 25% as compared to the preceding year:

Profit before tax has been increased due to increase in revenue which is increase by around 37% which directly impact to

increase profitability,

54 Segment Reporting

The Company has opted to provide segment information in its consolidated Ind AS financial statement in accordance

with para 4 of Ind AS 108 - Operating Segments,

55 Additional regulatory information not disclosed elsewhere in the financial statements

a] The Company does not have any Benami property and no proceedings have been initiated on or are pending against
the Company for holding benami property under the Benami Transactions (Prohibition] Act, 1988 (45 of 1988] and
Rules made thereunder,

b] The Company has not been declared a 'Wilful Defaulter' by any bank or financial institution (as defined under the
Companies Act, 2013] or consortium thereof, in accordance with the guidelines on wilful defaulters issued by the
Reserve Bank of India,

c] The Company has complied with the number of layers prescribed under clause (87] of section 2 of the Act read with
Companies (Restriction on number of Layers] Rules, 2017,

d] The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies
(ROC] beyond the statutory period,

e] The Company does not have 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,

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

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

h] The Company does not have any transactions with struck off companies,

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

j] 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:

(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

k] 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:(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

57 The Company has two units located in Special Economic Zone (the "SEZ"), Unit I and Unit II respectively, The Company is
eligible to claim deduction under section 10AA of Income Tax Act, 1961 for both these units,

Unit I was 100% exempted from income tax till 31 March 2015, 50% exempted from 01 April 2015 to 31 March 2020 and from
01 April 2020 to 31 March 2025, the company is eligible to claim 50% exemption subject to compliance of certain conditions
and transfer of 50% profits to SEZ reserve Account, Similarly, Unit II is 100% exempted from income tax till 31 March 2024,
50% exempted from 1 April 2024 to 31 March 2029 and further 50% exempted (but subject to compliance of certain
conditions and transfer of 50% profits to SEZ reserve Account) from 1 April 2029 to 31 March 2034 under the provision of
Section 10AA of Income Tax Act, 1961, During the year, the Company has transferred to SEZ re-investment reserve
amounting to INR 569,15 lakhs for financial year 2024-25 (31 March 2024: INR 736,33 lakhs), equivalent to 50% profits of
SEZ Unit I, Further, the Company transferred INR 227,34 lakhs to retained earnings from SEZ re-investment reserve on
utilisation for financial year 2024-25 (31 March 2024: INR 90,33 lakhs),

Deferred tax pertaining to this unit is recognized on timing differences, being the difference between taxable income and
accounting income, that originate in one period and are capable of reversal in one or more subsequent periods beyond the
periods during which the respective units are exempt from income tax as aforesaid,

58 The Company has not received the payment of outstanding foreign receivables within the period mentioned in the Master
Circular on Export of Goods and Services issued by the Reserve Bank of India ("RBI"), Trade receivables amounting to INR
1,021,55 lakhs (31 March 2024: INR 448,53 lakhs) due from overseas parties is outstanding for a period of more than nine
months,

With respect to this, for receivables amounting to INR 137,42 lakhs, the Company has subsequent to year end made
application to RBI through its authorised dealer bank for seeking extension of period of realisation beyond 9 months
along with detailed plan of action as allowed to authorised dealer bank under clause (i) of para C,18 of Master Direction No,
16/15-16 (RBI/FED/2015-16/11), Pending the final outcome of the aforesaid matters, which is presently unascertainable, no
adjustments have been made in these standalone financial statements, For balance amount of INR 884,13 lakhs, the
Company is in process of making application to RBI through it's authorized dealer bank for seeking extension of period of
realization beyond 9 months,

59 As of 31 March 2025, the Company had an investment of INR 7,946,05 lakhs (31 March 2024: INR 5,313,05 lakhs) in Rodney
Hunt Inc, (formerly known as Jash USA Inc,), a wholly owned subsidiary, As of the same date, the net worth of Rodney Hunt
Inc was INR 10,640,18 lakhs (31st March, 2024 INR 5932,22 Lakhs), which exceeds the Company's investment, Furthermore,
the loan that was extended by the Company to Rodney Hunt Inc, in earlier years, was fully repaid on or before 31 March
2024, Rodney Hunt Inc, has demonstrated consistent year-on-year revenue growth, in line with its business expansion plans,

62 The Company has initiated the regulatory procedure of merger of Shivpad Engineers Private Limited (wholly owned subsidiary
of Jash Engineering Limited) with the regulatory authorities, The appointed date of the scheme is 01 April 2024.

63 As per the requirements of rule 3(1) of the Companies (Accounts) Rules 2014 the Company uses only such accounting
software for maintaining its books of account that have a feature of recording audit trail of each and every transaction
creating an edit log of each change made in the books of account along with the date when such changes were made and
who made those changes within such accounting software, This feature of recording audit trail has operated throughout
the year and was not tampered with during the year, The Company has established and maintained an adequate internal
control framework over its financial reporting and based on its assessment, has concluded that the internal controls for
the year ended 31 March 2025 were effective,

64 The Company has evaluated subsequent events and transactions that occurred after the balance sheet date up to 05 May
2025, the date the financial statements were available to be issued, Based on the evaluation, the Company is not aware of
any events or transactions that would require recognition or disclosure in the financial statements,

65 The Financial Statements were approved for issue by the Board of Directors on 05 May 2025,

For Deloitte Haskins & Sells LLP For and on behalf of Board of Directors of

Chartered Accountants Jash Engineering Limited

Firm's Registration No, 117366W/W-100018

Pallavi Sharma Pratik Patel Suresh Patel

Partner Managing Director Executive director

Membership No, 113861 DIN - 00780920 DIN:00012072

Place: Mumbai

Date: 05 May 2025

Dharmendra Jain Tushar Kharpade

Chief Financial officer Company Secretary

M, No, - A30144

Place: Indore

Date: 05 May 2025