Y. Provision

''Provisions involving substantial degree of estimation in
measurement are recognised when there is a present
obligation as a result of past events and it is probable
that there will be an outflow of resources.

Z. Employee Benefit Expenses :

Short Term Employee Benefits : The undiscounted amount of short term employee benefits expected to be paid
in exchange for the services rendered by employees are recognised as an expense during the period when the
employees render the services.

Long Term Employee Benefits : Compensated absences which are not expected to occur within twelve months after
the end of the period in which the employee renders the related service are recognised as a liability as at the Balance
Sheet date on the basis of actuarial valuation as per Projected Unit Credit Method

Post-Employment Benefits

Defined Contribution Plans: A defined contribution plan is a post-employment benefit plan under which the
Company pays specified contributions towards Provident Fund, Employee State Insurance and Pension Scheme. The
Company''s contribution is recognised as an expense in the Statement of Profit and Loss during the period in which
the employee renders the related service.

Major Assumptions :

i) Retirement Age is 58 Years, added One year to the

Current Age.

ii) Discount Rate taken 6.80%

iii) Salary Growth Rate taken 5.00%

iv) Mortality Rate 100 % of IALM 2012-2014

AA Earning Per Share

> ''The Company reports Basic and Diluted earnings
per equity share in accordance with the Indian
Accounting Standard - 33

''Earning Per Share''. In determining earning per
share, the Company considers the net profit
after tax and includes the post tax effect of any
extraordinary/exceptional items. The number
of shares used in computing basic earning per
share is the weighted average number of equity
shares outstanding during the period. The number
of shares used in computing diluted earning per
share comprises the weighted average number of
equity shares that would have been issued on the
conversion of all potential equity shares. Dilutive
potential equity shares have been deemed
converted as of the beginning of the period, unless
issued at a later date.

AB Provision, Contingent Liabilities and Contingent
Assets

Provisions involving substantial degree of estimation
in measurement are recognised when there is a
present obligation as a result of past events and it is
probable that there will be an outflow of resources.

A contingent liability is a possible obligation that
arises from past events whose existence will 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.''Contingent Liabilities are not recognised
but are disclosed in the notes. Contingent Assets
are neither recognised nor disclosed in the financial
statements.

AC Previous Year Figures

The Company has reclassified, rearranged and
regrouped the previous year figures in accordance
with the requirements applicable in the current
year.

AD No transactions to report against the following
disclosure requirements as notified by MCA
pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of
Benami Property Transactions Act, 1988 and
rules made thereunder

c) Registration of charges or satisfaction with
Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share
premium

iii) Borrowings obtained on the basis of
security of current assets

AE DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF
COMPANIES

The Company did not have any material
transactions with companies struck off under
Section 248 of the Companies Act, 2013 or Section
560 of Companies Act, 1956 during the financial
year.

AF RIGHT TO USE - IND AS 116, LEASES IMPACT

The Company did not have any assests which
comes under the purview of IndAS 116.

The details of the right-of-use assets held by the
Company are as follows:

AG FINANCIAL RISK MANAGEMENT

''The Company''s board of directors has overall
responsibility for the establishment and oversight
of the Company''s risk management framework.
The board of directors is responsible for developing
and monitoring the Company''s risk management
policies. The board regularly meets to decide its
risk management activities.

''The Company''s risk management policies are
established to identify and analyse the risks faced
by the Company, to set appropriate risk limits
and controls to monitor risks and adherence to
limits. Risk management policies and systems are
reviewed regularly to reflect changes in market
conditions and the Company''s activities. The
Company, through its training and management

standards and procedures, aims to maintain a
disciplined and constructive control environment
in which all employees understand their roles and
obligations.

''The Company''s managementmonitors compliance
with the Company''s risk management policies and
procedures, and reviews the adequacy of the risk
management framework in relation to the risks
faced by the Company. The Board is also assisted
by internal audit. Internal audit undertakes both
regular and ad hoc reviews of risk management
controls and procedures, the results of which are
reported to the Board of directors.

''The Company is exposed to various financial risks.
These risks are categorised into market risk, credit
risk and liquidity risk.

(a) Market Risk:

''Market risk is the risk that changes with market
prices - such as market prices of financial
instruments and interest rates, will affect the
Company''s income or the value of its holdings of
financial instruments. The objective of market risk
management is to manage and control market
risk exposures within acceptable parameters, while
optimising the return.

(b) Credit Risk:

''Credit risk is the risk that the Company will incur
a loss because its customers or counterparties
to a financial instrument fail to discharge their
contractual obligation. The Company manages
and controls credit risk by setting limits on the
amount of risk it is willing to accept for individual
counterparties, and by monitoring exposures in
relations to such limits.

''The maximum exposure to credit risk for each class
of financial instruments is the carrying amount of
that class of financial instruments presented in the
financial statements. The Company''s major classes
of financial assets are cash and cash equivalents,
Investments, Inventories of shares, loans, term
deposits, trade receivables and security deposits.

''Cash and cash equivalents and term deposits with
banks are considered to have negligible risk or nil

risk, as they are maintained with high rated banks/
financial institutions as approved by the Board
of directors. Security deposits are kept with stock
exchanges for meeting minimum base capital
requirements. These deposits do not have any
credit risk.

''The management has established accounts
receivable policy under which customer accounts
are regularly monitored. The Company has
a dedicated risk management team, which
monitors the positions, exposures and margins on
a continuous basis. The company has not made
any provision on expected credit loss on trade
receivables and other financials assets, based on
the management estimates.

(c) 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, that it will have sufficient liquidity to
meet its liabilities when they are due, under both
normal and stressed conditions, without incurring
unacceptable losses or risking damage to the
Company''s reputation.

''The Company''s treasury department within the
Finance Department is responsible for liquidity and
funding. In addition policies and procedures relating
to such risks are overseen by the management.

The Company''s principal sources of liquidity are
cash and cash equivalents and the cash flow that
is generated from the operations.

AH FINANCIAL RISK MANAGEMENT

''The Company manages its capital structure and makes necessary adjustments in light of changes in economic
conditions and the requirement of financial covenants. To maintain or adjust the capital structure, the Company
may adjust the dividend payment to shareholders, return on capital to shareholders, issue new shares or arise/
repay debt.

''For the purpose of the Company''s capital management, capital includes issued equity capital and all other
equity reserves attributable to the equity holders. The primary objective of the Company''s capital management
is to maximise the shareholder value and to ensure the Company''s ability to continue as a going concern. There
is no non-compliance with any covenants of borrowings.

(b) Terms / Rights attached to Equity Shares

The Company has only one class of Equity Shares having a par value of Rs. 10 per shares. Each holder of equity shares is
entitled to one vote per share. Any shareholder whose name is entered in the Registar of Members of the Company shall
enjoy the same rights and be subject to the same liabilities as all other shareholders of the same class.

In the event of Winding up of the Company, Equity Shareholders will be entitled to receive remaining assets of the Company,
after distribution of all preferential amounts. For the said purpose, the liquidator may set such value as he deems fair upon
any property to be divided and may determine how such division shall be carried out between the members.

(j) Provisions and Contingent Liabilities: A provision is recognized when the company has a present obligation
as a result of past event; it is probable that an outflow of resources will be required to settle the obligation,
in respect of which a reliable estimate can be made. Provisions 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 recognized but are disclosed in the notes. Contingent Assets are neither
recognized nor disclosed in the financial statements.

Contingent liability:

Bank Guarantee

- Financial Bank Guarantee- Rs. 17.58 crores

- Performance Bank Guarantee- Rs. 24.18 crores

[l) Current Assets, Loans & Advances: In the opinion of the Board and to the best of its knowledge and
belief the value on realization of current assets in the ordinary course of business would not be less than the
amount at which they are stated in the Balance Sheet and repayable on demand. Trade Receivables as on
March 31, 2023 has been taken as certified by the management of the company and is subjected to balance
confirmations. As per the view of the management of the company there is no doubtful debt and hence
provision for doubtful debts has not been made.

[m) Earning and Expenditure in Foreign currency
(n) Related Party Transactions:

Notes to Financial Statements for the year ended March 31, 2025
Related Party Transactions:

(a) Relationship :

Directors : Mr Sanjay Patil

Mrs. Kirtinandini Patil

Mr Karan Bora (Resigned on 07-01-2025)

Mr. Praveen Panchal (w.e.f. 07-01-2025)

Key Management Personnel : Mr Sanjay Patil

Mr Vijay Oswal (Chief Financial Officer)

Mr. Pranav Chaware (Company Secretary)

Key Management Personnel''s Relatives: Mrs. Safala Oswal

Group Companies: Markolines Infra Limited

Markolines Technologies Private Limited
Unique UHPC Markolines LLP (Associate)
Markolines - Evrascon JV

Notes on ratio:

1. Current Ratio increased by 32% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in current assets during the year.

2. Debt-Equity Ratio decreased by 38.21% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in Equity during the year.

3. Return on Equity Ratio decreased by 27.05% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in average share
holders equity during the year.

4. Inventory Turnover Ratio increased by 77.54% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to decrease in Average
Inventory during the year.

5. Return on Investment decreased by 27.50% in F.Y. 2024-25 as compared to F.Y. 2023-24 due to increase in Net Return on
Investment & value of investment during the year.

NOTE 2.1.(p).

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings"

NOTE 2.1.(q). DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or
Section 560 of Companies Act, 1956 during the financial year.

The Company has reported segment information as per Accounting Standard 17 "Operating Segments" (AS 17). The identification
of operating segments is consistent with performance assessment and resource allocation by the Chief Operating Decision Maker.

Place : Mumbai

(j) Provisions and Contingent Liabilities

A provision is recognized when the company has a present obligation as a result of past event; it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provisions 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 recognized but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial statements.

Contingent liability

Bank Guarantee

• Financial Bank Guarantee- Rs. 30.22 crores

• Performance Bank Guarantee- Rs. 14.52 crores

Income Tax Demand:

• A.Y. 2010-11 Rs. 3.98 lakhs

• A.Y. 2018-19 Rs 16.59 lakhs

• A.Y. 2019-20 Rs 6.58 lakhs

• A.Y. 2020-21 Rs 0.97 lakhs

• A.Y. 2021-22 Rs. 0.98 lakhs

• A.Y.2022-23 Rs 14.48 lakhs

GST Demand:

• F.Y. 2018-19 to 2021-22- Telengana State- Rs 65.29 lakhs

• F.Y. 2018-19 Uttar Pradesh State- Rs 5.06 lakhs

• F.Y. 2021-22 Uttar Pradesh State- Rs 36.75 lakhs

• F.Y. 2018-19 Tamil Nadu State- Rs 11.91 lakhs

• F.Y. 2018-19 Gujarat State- Rs 0.29 lakhs

Service Tax Demand:

• F.Y. 2015-16 Rs. 389.55 lacs

• F.Y. 2016-17 Rs. 430.38 lacs

• F.Y. 2017-18 Rs. 218.50 lacs (upto June 17)

The above demand is in appeal with CESTAT

Authority.

(k) Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

(l) Current Assets, Loans & Advances

In the opinion of the Board and to the best of its knowledge and belief the value on realization of current assets in the ordinary course of business would not be less than the amount at which they are stated in the Balance Sheet and repayable on demand. Trade Receivables as on March 31, 2023 has been taken as certified by the management of the company and is subjected to balance confirmations. As per the view of the management of the company there is no doubtful debt and hence provision for doubtful debts has not been made.

(n) Related Party Transactions

Notes to Financial Statements for the year ended March 31, 2024

Related Party Transactions:

(A) Relationship :

Key Management Personnel- Mr Sanjay Patil

Mr Vijay Oswal Mr Karan Bora

Key Management Personnel''s Relatives: Safala Oswal

Group Companies:

Markolines Infra Private Limited Markolines Technologies Private Limited Unique UHPC Markolines LLP (Associate)

Notes on ratio:

1. Debt-Equity Ratio increased by 62.15% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Debt during the year.

2. Inventory Turnover Ratio increased by 180.95% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in COGS during the year.

3. Trade Payable Turnover Ratio increased by 32.01% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Net Purchase during the year.

4. Return on Investment increased by 114.66% in F.Y. 2023-24 as compared to F.Y. 2022-23 due to increase in Net Return on Investment during the year.

NOTE 2.1.(p).

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companies

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings

NOTE 2.1.(q). DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956 during the financial year.

NOTE 2.1.(o).

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder ” c) Registration of charges or satisfaction with Registrar of Companies

”d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings”

NOTE 2.1.(p). DISCLOSURE OF TRANSACTIONS WITH STRUCK OFF COMPANIES

The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956 during the financial year.

d. Terms / Rights attached to equity shares

Ordinary Equity shares :

Each holder of equity share is entitled to one vote irrespective of number of shares held. In event of liquidation of company the holder of equity shares would be entitled to receive remaining assets of the company after distribution of all preferential amounts.

Notes:

During the F.Y. 2021-22, the company issued 13105800 fully paid equity shares of Rs. 10/- each as Bonus shares to its existing shareholders in ratio of 1:15 (15 fully paid equity shares of Rs. 10/- each against One equity shares of Rs. 10/- each) vide its resoluation passed at EGM dated 17.08.2021 and allotted on 26.08.2021

Further during the F.Y. 2021-22, the company issued 51,28,000 fully paid equity shares of Rs. 10/- each at a permium of Rs. 68/- per share through Initial Public Offering and allotted on 23.09.2021