(Xii) Provisions, contingent liabilities and contingent assets:

Provisions:

A provision is recognised when the company has a present obligation as a result
of past events and it is probable that an outflow of resources will be required to
settle the obligation, in respect of which a reliable ostimate can be made
Provisions are not discounted to their present value and are determined based
on best estimates required to settle the obligation at the balance sheet date.
These are reviewed at each balance sheet date and adjusted to reflect the
current best estimates.

Contingent Liabilities:

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

Contingent Assets:

Contingent assets are not recognized.

(xiii) Cash Flow Statement:

Cash and cash equivalents in the cash flow statement comprise cash at bank and
in hand and fixed deposits with bank.

Cash flows are reported using the indirect method, v/hereby profit before tax is
adjusted for the effects of transactions of non-cash nature, any deferrals or
accruals of past or future operating cash receipts or payments and item of income
or expenses associated with investing or financing cash flows Cash flows from
operating, investing and financing activities of the Company arc segregated,
accordingly.

(xiv) Trade Receivables:

Trade receivables are recognized at transaction price.

(xv) Trade and other Payables:

These amounts represent liabilities for goods and services provided to the
Company prior to the end of the financial year which are unpaid. These amounts
are unsecured and usually paid within the operating cycle of the Company. Trade
and other payables are presented as current liabilities unless payment is not due
within twelve months after the reporting period. They are recognized initially at
their fair value

(xv) Goods & Scrvico Tax (GST):

GST is accounted for at the time of goods or services supplied to customers

(xvi) Segment Reporting:

In accordance w-th Accounting Standard-17 - "Segment Reporting' issued by
the Institute of Chartered Accountants of India is not applicable as the Company
has mainly one business segment i.e. "manufacturing and selling of Investment
Casting." There are no other primary reportable segments. The major and
material activities of the company arc restricted to only one geographical
segment i.e. India, hence the secondary segment disclosures are also not
applicable.

As per our report of even date / For and on behalf of the Board of

For J C Ranpura & Co., / Captain Technocast Limited

Chartered Accountants /

Firm's RegistratioWUL 108647W

ju ; /ijSSx Ramcsh D Khichdiya Anilbhai V Bhalu

Ketan Y. Shfcw/ Director Managing Director

Partner / \\'V > DIN: 00087859 DIN :3159038

Memberships. 118411

UDIN:25)i$1i»GrMnjt-u«»5S>- °

/ Prashant B. Bhatti Brlf^?Mehta

/ Chief Financial Officer Company Secretary

M No.: ACS66883

Place: Rajkot Place : Rajkot.

Date: 08 May. 2025 Date : 08 May. 2025