p Provisions, Contingent liabilities and Contingent assets

A provision is recognised when the Company has a present obligation as a result
of past event and it is probable that an outflow of resources will be required
to settle the obligation, in respect of which reliable estimate can be made.
Provisions (excluding retirement benefits and compensated absences) are not
discounted to its present value and are determined based on best estimate
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 are not recognised in the financial statements. A contingent
asset is neither recognised nor disclosed in the financial statements.

(ii) Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is
eligible for one vote per share held. The dividend proposed by the Board of Di¬
rectors is subject to the approval of the shareholders in the ensuing Annual Gen¬
eral Meeting, except in case of interim dividend. In the event of liquidation, the
equity shareholders are eligible to receive the remaining assets of the Company
after distribution of all preferential amounts, in proportion to their shareholding.

Reasons for Variances

Debt Equity Ratio: Reduction in borrowings and profits for the current year.

Debt Service Coverage Ratio: Increase in profits and lower debt service during the cur¬
rent year.

Trade Receivable Turnover Ratio: Significant increase in trade receivables
Trade Payable Turnover Ratio: Significant increase in trade payables

38 Undisclosed Income

The Company has not 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).

Nature of CSR activities

During the year, the Company has incurred a sum of Rs. 32.60 Lakhs towards
CSR expenditure as per policy laid down pursuant to the provisions of Compa¬
nies Act, 2013 and rules framed thereunder. The Company under its CSR policy,
affirms its commitment of seamless integration of marketplace, workplace, en¬
vironment and community concerns with business operations by undertaking
activities / initiatives that are not taken in its normal course of business and/or
confined to only the employees and their relatives and which are in line with the
broad-based list of activities, areas or subjects that are set out under schedule
VII of the Companies Act, 2013.

40 Other Statutory Disclosures as per the Companies Act, 2013

The Company did not have any long- term contracts including derivative con¬
tracts for which there were any material foreseeable losses.

The Company has not been declared wilful defaulter by any bank or financial
institution or government or any government authority.

There has been no delay in transferring amounts, required to be transferred, to
the Investor Education and Protection Fund by the Company.

The title deeds of all the immovable properties, (other than immovable proper¬
ties where the Company is the lessee and the lease agreements are duly exe¬
cuted in favour of the Company) disclosed in the financial statements included
in property, plant and equipment and capital work-in progress are held in the
name of the Company as at the balance sheet date.

41 Segment Reporting

In absence of any identifiable business segment, Accounting Standard (AS) 17 on
Segment Reporting are not applicable on the Company.

42 Realisable value of assets

In the opinion of the management, the current assets, loans and advances have
a realizable value in the ordinary course of business is not less than the amount
at which they are stated in the balance sheet.

43 Confirmation of balances

Balance shown under receivables, payables and advances are subject to confir¬
mation.

44 Regrouping

Previous year's figures have been re- arranged or re- grouped wherever consid¬
ered necessary.

45 Rounding off

Figures have been rounded off to the nearest lakhs of rupees.

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

For V. N. PUROHIT & CO. CFF Fluid Control Limited

Chartered Accountants

Firm's Registration No. 304040E

O.P. Pareek Gautam Makker Sunil Menon Hitesh Birla Sonika Mehta

Partner Director Director CFO Company Secretary

Membership No. 014238 0354956 0409485 M. No. A63323

UDIN: 25014238BMJMAM5007 Place: Mumbai

Place: New Delhi Date: 29 April 2025

Date: 29 April 2025