Universal Autofoundry Ltd. के अकाउंट के लिये नोट

Mar 31, 2026

We had sent positive external confirmation requests through electronic mode, however only fewer confirmations received. Trade receivables are subject to confirmation from respective parties and consequential reconciliation/ adjustment arising there from, if any, however management anticipated that there is no material impact due to such reconciliation and confirmations.

Credit Risk-Trade Receivables

The Company recognises lifetime expected credit losses on trade receivables using a simplified approach. In accordance with Ind AS 109, the company uses expected credit loss model to assess the impairment loss. The company uses a provision matrix to compute the expected credit loss allowance of trade receivables. The provision matrix takes into account available external and internal credit risk factors such as default risk of industry, historical experience for customers etc.

The expected loss rates are based on the payment profiles of sales over a period of 48 months before the reporting date and the corresponding historical credit losses experienced within this period. The historical loss rates are adjusted to reflect current and forward-looking information on macroeconomic factors affecting the ability of the customers to settle the receivables.

The Company determines the allowance for credit losses based on historical loss experience adjusted to reflect current and estimated future economic conditions. The Company considered current and anticipated future economic conditions relating to industries the Company deals with and the countries where it operates. In calculating expected credit loss, the Company has also considered credit reports and other related credit information for its customers to estimate the probability of default in future.

For trade receivables, the Company adopts a First-In-First-Out (FIFO) methodology to allocate collections against outstanding invoices where specific bill-wise identification is not maintained. This methodology is consistently applied to determine the ageing of receivables and to estimate Expected Credit Losses (ECL) in accordance with Ind AS 109 - Financial Instruments. Management believes that this ageing analysis reasonably reflects the recoverability profile of the trade receivables as at 31 March 2026.

Expected Credit Loss (ECL) Model The Company applies the Simplified Approach to provide for expected credit losses. The impairment loss allowance is based on lifetime ECLs at each reporting date.

1. Historical Loss Rate: The Company has analyzed write-off trends over the preceding four financial years at reporting date.

2. Provision Matrix: Management has applied a matrix where the provision percentage increases with the age of the debt, culminating in a 100% provision for balances outstanding for more than 3 years.

3. Forward-Looking Adjustments: The historical rates are reviewed against current macroeconomic indicators and industry-specific risks. For the current reporting period, management has concluded that historical trends, adjusted for the FIFO ageing profile, sufficiently cover the credit risk.

An impairment analysis is performed at reporting date on trade receivables by lifetime expected credit loss method based on provision matrix. The maximum exposure to credit risk at the reporting date is the carrying value of the financial assets. The company does not hold collateral as security.

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.

16.2 Terms/ Rights attached to Equity Shares_

The Company has only one class of shares referred to as equity shares having a face value of Rs. 10 per share.

Each equity shareholder is entitled to one vote.

In the event of liquidation of the Company, the holder of Equity Shares will be entitled to receive remaining assets of the Company after distribution of all preferential amount and the remaining balance is distributed in proportion to the number of equity shares held by the Equity Shareholders.

During the F.Y. 2023-24, the Company had issued 12,20,000 convertible warrants on a preferential basis to the right owner company, against which an initial upfront warrant application money was received of Rs. 488 lakhs. The right holder did not exercise the option to convert these warrants into equity shares within the stipulated statutory/ contractual period. Consequently, in accordance with the terms of the issue and applicable regulatory guidelines, the unexercised 12,20,000 convertible warrants have been cancelled, and the upfront application money received against them stands forfeited of Rs. 488 lakhs. The forfeited amount of Rs. 488 lakhs has been transferred to the Capital Reserve under Other Equity and is non-distributable.

a) Term loans from Citi Bank & HDFC Bank are secured by way of hypothecation of following assets:_

Loan from HDFC Bank amounting to Rs.3028.02 Lakhs (31st March 2025: Rs.1,657.07 Lakhs) (Non current: Rs. 2,778.45 Lakhs 31st March 2026; Rs.1,412.60 Lakhs 31st March 2025) is secured by way of i) Primarily secured by Debtors, Export Receivables, Fixed Deposits & Plant & Machinery, Stock, Stock for Exports & Gurantee. ii) Equitable mortgage of Industry Property situated at B-307, Road No.-16, VKI Area, Jaipur, Rajasthan, 302013 and B-51, SKS Industrial Area, Reengus, Sikar, Rajasthan, 332301 in the name of M/s Universal Autofoundry Limited. iii) Personal Guarantee of Mr. Vinit Jain, Mr. Vimal Chand Jain & Mr. Vikram Jain.

All the above credit facilities are repayable on demand.

#&### Loans repayable on demand from HDFC Bank amounting to Rs. 2599.96 Lakhs (31st March 2025: Rs. 972.10 Lakhs) are secured by way of i) Primarily secured by Debtors, Export Receivables, Fixed Deposit & Plant & Machinery, Stock, Stock for Exports & Guarantee. ii) Equitable mortgage of Industry Property situated at B-307, Road No.-16, VKI Area, Jaipur, Rajasthan and B-51, SKS Industrial Area, Reengus, Sikar, Rajasthan in the name of M/s Universal Autofoundry Limited. (iii) Personal Guarantee of Mr. Vinit Jain, Mr. Vimal Chand Jain & Mr. Vikram Jain. (Rate of Interest as per March 2026 7.50% p.a.)

##Bill discounted from Kotak Mahindra Bank amounting to Rs. 341.77 Lakhs (31st March 2025: Rs. 355.48 Lakhs) are secured by way of sale biil of VE Commercial Vehicles Limited. (Rate of Interest in March 2026 is 8.40% p.a.) ###Loans repayable on demand from Citi Bank amounting to NIL (31st March 2025: Rs. 1482.27 Lakhs) are secured by way of i) First pari passu charge on stock and book debt of company ii) First pari charge on movable fixed assets of the company (except those financed by other bank) iii) First pari passu charge on Industrial Property situated at B-307, Road No.-16, VKI Area, Jaipur, Rajasthan and B-51, SKS Industrial Area, Reengus, Sikar, Rajasthan in the name of M/s Universal Autofoundry Limited iv) Personal Guarantee of Mr. Vinit Jain and Mr. Vimal Chand Jain.

During the financial year 2022-23 & 2023-24 company has received goods/services from various vendors (being related parties). However due to certain price variation related issues, some of the purchases by the company at a specific price are not completely acceptable to these vendors. Consequently, the outstanding balances of these related party vendors are not in agreement with balances in the respective vendor’s books by Rs 3.55 Crs (Approx.). The related parties has raised this disputes to MSME Facilitation Council, Commercial Court and National Company Law Tribunal Bench. The company is confident of reconciling these disputes and there would be no material impact of the same. The National Company Law Tribunal Bench has dismissed the claim on dated 21.01.2026

We had sent positive external confirmation requests through electronic mode, however only fewer confirmations received. Trade payables are subject to confirmation from respective parties and consequential

1. On 12 October 2023, the company received a Notice from KVG High Tech Auto Components Private Limited under provisions of section 18(1) of delayed payment to Micro Small Enterprises of Micro Small and Medium Enterprises Development Act, 2006, regarding non-payment for supplied goods to the Company as per work order within 45 days, for which the company replied on 8th November, 2023, that payment had been made and if there were still difference exists in the books then it was only against the purchase return and pricing difference and debit notes were also issued for them. (Outstanding Balance as per party as on 31.03.2026 is Rs. 41.24 lakh. Balance as per books of accounts as on 31.03.2026 is Rs. 5.21 lakh (Dr.))

2. On 17" October, 2023, the Company received a Notice from M/s Unicast under provisions of section 18(1) of delayed payment to Micro Small Enterprises of Micro Small and Medium Enterprises Development Act, 2006, regarding non-payment for supplied goods to the Company as per work order within 45 days, for which the company replied on 8th November, 2023, that payment had been made and if there were still difference exists in the books then it was only against the purchase return and pricing difference and debit notes were also issued for them. (Outstanding Balance as per party as on 31.03.2026 is Rs. 55.46 lakh. Balance as per books of accounts as on 31.03.2026 is Rs. 2.07 lakh)

3. On 30th October, 2023, the company received a Notice from Jain Autocastings Private Limited under provisions of section 18(1) of delayed payment to Micro Small Enterprises of Micro Small and Medium Enterprises Development Act, 2006, regarding non-payment for supplied goods to the Company as per work order within 45 days, for which the company replied on 8th November, 2023, that payment had been made and if still difference existing in the books then it was only against thepurchase return and pricing difference and debit notes were also issued for them. (Outstanding Balance as per party as on 31.03.2026 is Rs. 74.57 lakh. Balance as per books of accounts as on 31.03.2026 is Rs. 8.03 lakh)

4. M/s Precision Autocastings Pvt. Ltd. has filed a commercial suit against Universal Autofoundry Limited on dated 21.11.2024 before Commercial Court, Jaipur Metropolitan for recovery of Rs. 8,95,299/ in respect of non returning of goods t the defendant on job work for carrying out the machine work.

NOTE :39

POST EMPLOYMENT OBLIGATIONS

Disclosures as per Ind AS-19 ‘Employee Benefits’ for the year ended on March 31 2026 is provided below: Defined Contribution Plans_

The company has also defined contribution plan for its employees'' retirement benefits comprising Provident Fund & Employees'' State Insurance Funds. The Company and eligible employees make monthly contribution to the above mentioned fund at a specified percentage of the covered employees salary. The obligation of the company is limited to the amount contributed and it has no further contractual of any constructive obligation.

The expenses recognized during the year towards provident fund is Rs. 32.60 Lakhs (31st March 2025: Rs. 31.07 Lakhs). The expenses recognized during the year towards employees'' state insurance is Rs. 2.82 Lakhs (31st March 2025: Rs. 3.03 Lakhs)

Defined Benefits Plans_

The company provides for gratuity for employees in india as per the Payment of Gratuity Act, 1972. Employees who are in continues service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/ termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service, The liability in respect of Gratuity has been determined using projected Unit Credit Method by an independent actuary.

(iv) There is no any investment in properties | III

(v) The company does not have any charges or satisfaction, which is yet to be registered with ROC beyond the statutory period.

(vi) The company has not revalued its property, plant & equipments during the year. _

(vii) The company has not revalued its intangible assets during the year. _

(viii) The company does not make loan and advances in the nature of loan to promotor, directors, KMP''s

and the related parties

(ix) The company does not have any Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

(x) The company does not declare a wilful defaulter by any bank or financial institutions or any other lender.

(xi) The company does not have any discrepancy in utilisation of borrowed funds and share premium.

(xii) The company has no any transactions or balance with companies which are struck off under section 248 of the companies act, 2013 or under section 530 of the companies act 1956.

(xiii) The company does not have any charges or satisfaction, which is yet to be registered with ROC beyond the statutory period.

(xiv) The Company has not received any fund from any person or entity including foreign entities (funding party) with the understanding (whether recording in writing or otherwise) that the Company shall 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 to or on behalf of the ultimate beneficiary.

(xv) The Company has not advanced or loaned or invested funds from any person or entity, including foreign entities (intermediaries) with the understanding that the intermediary shall 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 to or on behalf of the ultimate beneficiary.

(xvi) The company does not disclose or surrendered, any income other than the income recognised in the books of account in the tax assessments under Income Tax Act, 1961 as income during the financial year.

(xvii) The company does not trade or invested in crypto currency or virtual currency during the financial year.

NOTE 41. Financial Instruments

41.1 Capital Management

For the purpose of the Company’s capital management, equity includes issued equity capital, convertible warrant, share premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to maximize the shareholder value. The Company’s Capital Management objectives are to maintain equity including all reserves to protect economic viability and to finance any growth opportunities that may be available in future so as to maximize shareholders’ value. The Company is monitoring capital using debt equity ratio as its base which is debt to equity. The Company’s policy is to keep debt equity ratio below two and infuse capital if and when required through issue of new shares and/or better operational results and efficient working capital management.

The capital structure of the company consists of net debt (outside borrowings offset by cash and bank balances) and total equity of the Company (comprising issued capital, reserves, retained earnings).

141.3 Financial Risk Management Objectives_

The Company’s principal financial liabilities, comprise loans and borrowings, trade and other payables. The Company’s principal financial assets include loans, trade and other receivables and cash and cash equivalents that derive directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees these risks management. The Company’s senior management provides assurance that the Company’s financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the company’s policies and risk objectives. All derivative activities for risk management purposes are carried out by teams that have the appropriate skills, experience and supervision. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below The Corporate Treasury function reports quarterly to the company''s risk management committee, an independent body that monitors risks and policies implemented to mitigate risk exposures.

|41.4 Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises of three types of risks - interest rate risk, currency risk and other price risk in a fluctuating market environment. Financial instrument affected by market risks includes loans and borrowings, deposits, FVTOCI Investments, derivatives and other financials assets. The Company has designed risk management frame work to control various risks effectively to achieve the business objectives. This includes identification of risk, its assessment, control and monitoring at timely intervals.

141.4.1 Currency Risk_

Foreign currency risk is the risk of impact related to fair value or future cash flows of an exposure in foreign currency, which fluctuate due to changes in foreign exchange rates. The Company is exposed to foreign currency risk on certain transactions that denominated in a currency (primarily with respect to USD and EURO) other than entity''s functional currency (INR), hence exposure to exchange rate flucidations arises. the functional currency

The Company manages interest rate risk by having a balanced portfolio of fixed and variable rate of interest on loans and borrowings. Company has loans taken from banks are linked to MCLR rate of the bank, which are variable.

41.4.3 Interest Rate Sensitivity Analysis

The sensitivity analysis below has been determined based on the exposure to interest rates for borrowings at the end of the reporting period. For floating rate liabilities, the analysis is prepared assuming the amount of the liability outstanding at the end of the reporting period was outstanding for the whole year. A 50 basis point increase or decrease is used when reporting interest rate risk internally to key management personnel and represents management''s assessment of the reasonably possible change in interest rates.

|41.5 Credit Risk Management

Credit risk is the risk that counter party will not meet it obligation under a financial instrument or customer contract leading to a financial loss. The Company is exposed to credit risk mainly from trade receivables and other financial assets. The Company only deals with parties which has good credit ratings / worthiness based on company’s internal assessment. The Company has not acquired any credit impaired asset. There was no modification in any financial assets.

|41.5.1 Trade Receivable_

Customer credit is managed by each business division subject to the Company’s established policy procedures and control related to customer credit risk management. The Company evaluates the concentration of risk with respect to trade receivables as low, as its customers are located in several jurisdictions and industries and operate in largely independent markets and their credit worthiness are monitored at periodical intervals. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets.

Credit risk from balances with banks is managed by Company’s treasury department in accordance with the Company policy.

|41.6 Liquidity Risk Management

The Company manages liquidity risk by continuously monitoring forecast and actual cash flows on daily, monthly and yearly basis. The Company ensures that there is a free credit limit available at the start of the year which is sufficient for repayments getting due in the ensuing year. Loan arrangements, credit limits with various banks including working capital and monitoring of operational and working capital issues are always kept in mind for better liquidity management.

The following tables detail the company''s remaining contractual maturity for its financial liabilities with agreed repayment periods. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the company can be required to pay. The tables include both interest and principal cash flows. To the extent that interest flows are floating rate, the undiscounted amount is derived from interest rate curves at the end of the reporting period. The contractual maturity is based on the earliest date on which the company may be required to pay.

141.7 Fair Value Measurements

This note provides information about how the company determines fair values of various financial assets and financial liabilities.

41.7.1 Fair value of financial assets and financial liabilities that are not measured at fair value (but fair value disclosures are required)

The Company assessed the fair value of the cash and cash equivalents, trade receivable, trade payable, other financial assets /inabilities approximate their carrying amount largely due to short term maturity of these instruments.

Terms & conditions of transactions with Related Parties

The sales to and purchases from related parties, including rendering / availing of service, are made on terms equivalent to those that prevail at arm’s length transactions. The outstanding balances at the year-end are unsecured and settlement occurs in cash. There have been no guarantees provided to or received for any related party receivable or payables. The Company has not recorded any impairment of receivables relating to amounts owed by related parties for the year ended March 31, 2026 & March 31, 2025 other than that stated above.

|NOTE 43 : SEGMENT REPORTING

The Company is engaged in a single business segment viz.manufacturing & sale of C.I. castings. All other activities of the Company revolve around the main business. There is only one reportable segment. Hence, disclosures pursuant to Ind AS 108 - Operating Segments are not applicable.

NOTE 44 : IMPAIRING THE VALUE OF ASSETS

In the opinion of the Management, there are no indications, internal or external, which could have the effect of impairing the value of assets to any material extent as at the balance sheet date requiring recognition in terms of INDAS-36.

[NOTE 46: ASSESSMENT UNDER Ind AS 115: REVENUE FROM CONTRACTS

Ind AS 115 was issued on March 28, 2018 and superseded Ind AS 11- ''Construction Contracts'' and Ind AS 18-''Revenue'' and it applies, with limited exceptions, to all revenue arising from contracts with its customers. Ind AS 115 establishes a five-step model to account for revenue arising from contracts with customers and requires that revenue to be recognised at an amount that reflects the consideration to which an entity expects to be entitled in exchange for transferring goods or services to a customer. Ind AS 115 requires entities to exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each step of the model to contracts with their customers. In addition, the new standard results into the change in accounting policy related to revenue recognition and requires extensive disclosures.

During the current year, the Company made an evaluation of Ind AS 115 on the revenue recognition and disclosures, the adjustment and disclosure of Ind-AS 115 have been adequately made in these Ind-AS financial statements.

|NOTE 47 : Ind AS 116: LEASE A. The Company as a lessee

The Company’s lease asset classes primarily consist of leases for buildings and land. During the year, the Company entered into two lease arrangements, comprising one lease agreement for a building and another lease agreement for land, each having a lease term of five years.

The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset.

The right of use assets (ROU) are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses.

Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and useful life of the underlying asset. Right of use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-inuse) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs.

The Company has adopted Ind AS 116 on “Leases” by applying it to all contracts of leases existing on January 1, 2025 by using modified retrospective approach. The Company has recognised and measured the Right-of-Use (ROU) asset and the lease liability over the remaining lease period and payments discounted using the incremental borrowing rate as at the date of initial application.

At the commencement date of lease, the Company recognise lease liability measured at the present value of the lease payments discounted using the interest rate implicit in the lease or, if not readily determinable, using the Company''s incremental borrowing rates. The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability and by reducing the carrying amount to reflect the lease payments made. The carrying amount is remeasured (and makes a corresponding adjustment to the related right-of-use asset) whenever there is a change in future lease payments arising from a change in index; or rate or change in lease term; or on account of lease modification which is not accounted as separate lease.

During the year, the Company recognised right-of-use assets and corresponding lease liabilities in respect of the aforesaid building and land lease agreements entered into for a period of five years each, in accordance with the recognition and measurement principles prescribed under Ind AS 116.

B. The company as a lessor

Leases for which the Company is a lessor is classified as a finance or operating lease. Whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a finance lease. All other leases are classified as operating leases.

Where the Company acts as an intermediate lessor, the sub-lease is classified with reference to the right-of-use asset arising from the head lease and not with reference to the underlying asset.

During the year, the Company, acting as a sub-lessor, entered into a sub-lease arrangement for a leased building for a period of 48 months commencing from January 01, 2026. The arrangement includes a rent-free period of three months followed by stepped-up rentals over the remaining lease term.

The sub-lease has been classified as a finance lease in accordance with Ind AS 116 as the arrangement transfers substantially all the risks and rewards incidental to the right-of-use asset to the sub-lessee for the major part of the remaining lease term.

Upon commencement of the finance sub-lease, the Company derecognised the related right-of-use asset to the extent transferred under the sub-lease and recognised a net investment in the sub-lease in accordance with Ind AS 116. The difference between the net investment in the sub-lease and the carrying amount of the derecognised right-of-use asset has been recognised as selling profit / (loss) in the Statement of Profit and Loss.

|NOTE 48: CORPORATE SOCIAL RESPONSIBILITY

As per section 135 of Companies Act, 2013, a company meeting the applicability threshold need to spent at least 2% of average net profit for the immediately preceding three financial year on corporate social responsibility activities. As per Section 135(1) of the Act, CsR applicability is determined based on the financial thresholds of Net Worth, Turnover, or Net Profit achieved in the immediately preceding financial year (i.e., FY 2024-25). Since the Company’s net profit, net worth, and turnover for FY 2024-25 fell below the prescribed statutory limits, the Company is not under a statutory obligation to incur CSR expenditure for the financial year ended March 31, 2026.

|NOTE -49: EVENTS OCCURRING AFTER THE BALANCE SHEET DATE

The company evaluated subsequent events through May 27, 2026, the date the financial statements were available for issuance, and determined that there were no additional material subsequent events requiring disclosure.

[NOTE 50:

Previous year''s figures have been re-grouped/re-arranged/re-casted, wherever necessary, so as to make them comparable with current year''s figures. The management believes that such reclassification does not have any material impact on the information presented in the financial statements.

Accompanying Notes to Standalone Financial Statements 1 - 50

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Mar 31, 2025

3.8 Provisions, Contingent Liabilities & ContingentAssets

3.8.1 Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is
probable that the companywill be required to settle the obligation, and a reliable estimate can be made of the amount of the
obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at
the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

When a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the
presentvalue of those cash flows (when the effect of the timevalue of moneyis material).

3.8.2 Contingent Liability

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. 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.

3.8.3 ContingentAssets

A contingent asset is not recognized in the standalone financial statements. However, it is disclosed, where an inflow of
economic benefits is probable. When the realization of income is virtually certain, then the asset is no longer a contingent
asset, and is recognized as an asset.

3.8.4Provisions, contingent liabilities and contingent assets are reviewed at each balance sheet date.

3.9 Foreign CurrencyTransactions

The Company''s financial statements are presented in INR, which is also the Company''s functional currency.

Transactions in foreign currencies are initially recorded by the Company at INR spot rate at the date the transaction first
qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated at the functional
currency spot rates of exchange at the reporting date.

Exchange differences arising on settlement or translation of monetary items are recognised in profit orloss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange
rates at the dates of the initial transactions.

3.10 Revenue from contractwith customers

Revenue from contracts with customers is recognised when control of the goods or services are transferred to the
customer at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those
goods or services. The Company has generally concluded that it is the principal in its revenue arrangements, because it
typically controls the goods or services before transferring them to the customer.

3.10.1 Sale of Goods

Revenue from sale of goods is recognised at the point in time when control of the asset is transferredto the customer,
generally on delivery of the goods The Company considers whether there are other promises in the contract that are
separate performance obligations to which a portion of the transaction price needs to be allocated in determining the
transaction price for the sale of goods, the Company considers the effects of variable consideration, and consideration
payable to the customer (if any).

3.10.2 Variable Consideration

If the consideration in a contract includes avariable amount, the Company estimates the amount of consideration to which
it will be entitled in exchange for transferring the goods to the customer. The variable consideration is estimated at contract
inception and constrained until it is highly probable that a significant revenue reversal in the amount of cumulative
revenue recognised will not occur when the associated uncertainty with the variable consideration is subsequently
resolved. Some contracts for the sale provide customers with discounts. The discounts give rise to variable consideration.

i) Contract balances

a. ContactAssets

A contract asset is the right to consideration in exchange for goods or services transferred to the customer. If the
Company performs by transferring goods or services to a customer before the customer pays consideration or before

payment is due, a contract asset is recognised for the earned consideration that is conditional.

b. Trade Receivables

Areceivable represents the Company''s right to an amount of consideration that is unconditional (i.e., only the passage
of time is required before payment of the consideration is due).

c. Contract Liabilities

A contract liability is the obligation to transfer goods or services to a customer for which the Company has received
consideration (or an amount of consideration is due) from the customer. If a customer pays consideration before the
Company transfers goods or services to the customer, a contract liability is recognised when the payment is made or the
payment is due (whichever is earlier). Contract liabilities are recognised as revenue when the Company performs under the
contract.

3.10.3 Other Income

Interest income from a financial asset is recognized when it is probable that the economic benefits will flow to the
Company and the amount of income can be measured reliably. Interest income is accrued on a time basis, by reference to
the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated
future cash receipts through the expected life of the financial asset to that asset''s net carrying amount on initial recognition.

Income from the sale of import licenses is recognized upon transfer of control of such licenses to the buyer, in accordance
with IndAS 115, provided there is no significant uncertainty regarding measurability and collectability.

Exchange differences arising from trade receivables or payables denominated in foreign currency are accounted for under
IndAS 21 and are presented as part of revenue or other income depending on the nature of the underlying transaction.

The gain or loss arising on disposal of property, plant and equipment is recognized in the Statement of Profit and Loss under
Other Income, determined as the difference between the net disposal proceeds and the carrying amount of the asset.

Incentives on exports are recognized in books after due consideration of certainty of utilization/receipt of such incentives.

3.11 Employee Benefits

3.11.1 Short-term employee benefits

Short-term employee benefits are expensed as the related service is provided. A liability is recognized for the amount
expected to be paid if the Company has a present legal or constructive obligation to pay this amount as a result of past
service provided by the employee and the obligation can be estimated reliably.

Accumulated leave, which is expected to be utilized within the next 12 months, is treated as short-term employee benefit
and this is shown under current provision in the Balance Sheet. The Companymeasures the expected cost of such absences
as the additional amount that it expects to pay as a result of the unused entitlement that has accumulated at the reporting
date.

3.11.2 Post-employment benefits

3.11.2.1 Defined Contribution plans

Defined contribution plans are those plans inwhich an entitypays fixed contribution into separate entities and will have no
legal or constructive obligation to pay further amounts. Provident Fund and Employee State Insurance are Defined
Contribution Plans inwhich the companypays a fixed contribution andwill have no further obligation.

3.11.2.2 Defined benefit plans

A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. Companypays Gratuity as
per provisions of the Gratuity Act, 1972. The Company''s net obligation in respect of defined benefit plans is calculated
separately for each plan by estimating the amount of future benefit that employees have earned in return for their service in
the current and prior periods; that benefit is discounted to determine its present value.Any unrecognized past service costs
and the fair value of any plan assets are deducted. The discount rate is based on the prevailing market yields of Indian
government securities as at the reporting date that have maturity dates approximating the terms of the Company''s
obligations and that are denominated in the same currencyin which the benefits are expected to be paid. The calculation is
performed annually by a qualified actuary using the projected unit credit method. When the calculation results in a liability
to the company, the present value of liability is recognized as provision for employee benefit. Any actuarial gains or losses
are recognized in Other Comprehensive Income ("OCI") in the period inwhich they arise.

3.12IncomeTax

3.12.1 CurrentTax

Tax expense comprises current tax and deferred tax. Current tax expense is recognized in the statement of profit or loss
except to the extent that it relates to items recognized directly in other comprehensive income or equity, in which case it is
recognized in OCI or equity. Current tax is the expected tax payable on the taxable income for the year, using tax rates

enacted or substantively enacted and as applicable at the reporting date, and any adjustment to tax payable in respect of
previousyears. Current taxes are recognized under''Income tax payable''.

3.12.2 DeferredTax

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities
and their carrying amounts for financial reporting purposes at the reporting date. Deferred tax is recognised on temporary
differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax
bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable temporary differences.

Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that
taxable profits will be available against which those deductible temporary differences can be utilised. Such deferred tax
assets and liabilities are not recognised if the temporary difference arises from the initial recognition of assets and liabilities
in a transaction that affects neither the taxable profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it
is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be utilised.

3.12.3 MinimumAlternate Tax

Minimum alternate tax (MAT) paid in a year is charged to the statement of profit and loss as current tax for the year.

The deferred tax asset is recognised for MAT credit available only to the extent that it is probable that the concerned
company will pay normal income tax during the specified period, i.e., the period for which MAT credit is allowed to be
carried forward. In the year in which the company recognizes MAT credit as an asset, it is created by way of credit to the
statement of profit and loss as credit in current tax expense and shown as part of deferred tax asset. The company reviews
the “MAT credit entitlement" asset at each reporting date and writes down the asset to the extent that it is no longer probable
that it will pay normal tax during the specified period.

3.13 Leases

At inception of contract, the Company assesses whether the Contract is, or contains, a lease. A contract is, or contains, a
lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for
consideration. At inception or on reassessment of a contract that contains a lease component, the Company allocates
consideration in the contract to each lease component on the basis of their relative standalone price.

As lessee

i) Right of UseAssets

The Company recognises right-of-use assets at the commencement date of the lease. Right-of-use assets are
measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of
lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs
incurred, lease payments made at or before the commencement date less any lease incentives received and estimate
of costs to dismantle. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and
the estimated useful lives of the assets.

The Company presents right-to-use assets within the same line item as that within which the corresponding
underlying assets would be presented if they were owned by the Company.

ii) Lease Liabilities

At the commencement date of the lease, the Company recognises lease liabilities measured at the present value of
lease payments to be made over the lease term. In calculating the present value of lease payments, the Company
generally uses its incremental borrowing rate at the lease commencement date if the discount rate implicit in the lease
is not readily determinable.

iii) Short term leases and lowvalue of assets

The Company applies the short-term lease recognition exemption to its short-term leases. It also applies the lease of
low-value assets recognition exemption that are considered to be lowvalue. Lease payments on short term leases and
leases of lowvalue assets are recognised as expense on a straight-line basis over the lease term.

3.14 Earnings per Share

Basic Earnings per share (EPS) amounts are calculated by dividing the profit for the year attributable to equity holders by the
weighted average number of equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders adjusted for the effects of potential
equity shares by the weighted average number of equity shares outstanding during the year plus the weighted average
number of equity shares that would be issued on conversion of all the dilutive potential equity shares into equity shares.

3.15 Statement of Cash Flows

Cash flow statement is prepared in accordance with the indirect method prescribed in Ind AS 7 ''Statement of Cash Flows''
for operating activities.

3.16 Financial Instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity
instrument of another entity.

3.16.1 FinancialAssets

a. Initial Recognition and measurement

All financial assets are recognised initially at fair value plus, in the case of financial assets not recorded at fair value
through profit orloss, transaction costs that are attributable to the acquisition of the financial asset.

b. Subsequent measurement

For purposes of subsequent measurement, financial assets are classified in four categories:

• FinancialAssets at amortised cost

• FinancialAssets at fairvalue through other comprehensive income (FVTOCI)

• FinancialAssets including derivatives and equity instruments at fairvalue through profit or loss (FVTPL)

• Equityinstruments measured at fairvalue through other comprehensive income (FVTOCI)

c. Debt instruments at amortized cost

A ‘debt instrument'' is measured at the amortised cost if both the following conditions are met:

The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and

b) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and
interest (SPPI) on the principal amount outstanding.

d. Derecognition

A financial asset (or, where applicable, a part of a financial asset or part of a company of similar financial assets) is
primarily derecognised when the rights to receive cash flows from the asset have expired or the Company has
transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in
full without material delay to a third party under a ‘pass-through'' arrangement; and either (a) the Company has
transferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained
substantially all the risks and rewards of the asset, but has transferred control of the asset.

e. Impairment of Financial Instrument

In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for measurement and
recognition of impairment loss on the following financial assets and credit risk exposure.

a. Financial assets that are debt instruments, and are measured at amortised cost e.g., loans, debt securities, deposits,
trade receivables and bank balance.

b. Financial assets that are equityinstruments and are measured as at FVTOCI

c. Lease receivables underIndAS 116

d. Trade receivables or any contractual right to receive cash or another financial asset that result from transactions that
arewithin the scope of IndAS 115.

The Company follows ‘simplified approach'' for recognition of impairment loss allowance on:

• Trade receivables

• All lease receivables resulting from transactionswithin the scope of IndAS 116

The application of simplified approach does not require the Company to track changes in credit risk. Rather, it
recognises impairment loss allowance based on lifetime ECLs at each reporting date, right from its initial recognition.

3.16.2 Financial Liabilities\

a. Initial Recognition and measurement

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans
and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.

All financial liabilities are recognised initially at fairvalue and, in the case of loans and borrowings and payables, net of
directly attributable transaction costs.

The Company''s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts,
financial guarantee contracts and derivative financial instruments.

b. Subsequent measurement

The measurement of financial liabilities depends on their classification, as described below:

Financial Liabilities at FairValue through profit and loss.

Gains or losses on liabilities held for trading are recognised in the profit or loss. The Company has not designated any
financial liability as at fairvalue through profit and loss

c. Loans and borrowings

This is the category most relevant to the Company. After initial recognition, interest-bearing loans and borrowings are
subsequently measured at amortised cost using the EIRmethod. Gains and losses are recognised in profit or loss when
the liabilities are derecognised aswell as through the EIRamortisation process.

Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are
an integral part of the EIR. The EIRamortisation is included as finance costs in the statement of profit and loss.

d. Derecognition

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When
an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms
of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the
original liability and the recognition of a newliability. The difference in the respective carrying amounts is recognised in
the statement of profit orloss.

3.17 FairValue Measurement

The Company measures financial instruments, such as, derivatives at fairvalue at each balance sheet date.

Fairvalue is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between
market participants at the measurement date. The fairvalue measurement is based on the presumption that the transaction
to sell the asset or transfer the liability takes place either:

In the principal market for the asset or liability, or

In the absence of a principal market, in the most advantageous market for the asset or liability
The principal or the most advantageous market must be accessible by the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing
the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant''s ability to generate economic
benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in
its highest and best use.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are
available to measure fairvalue, maximising the use of relevant observable inputs and minimising the use of unobservable
inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the
fairvalue hierarchy, described as follows, based on the lowest level input that is significant to the fairvalue measurement as
awhole:

Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities

Level 2 — Valuation techniques forwhich the lowest level input that is significant to the fair value measurement is directly or
indirectly observable

Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable

For assets and liabilities that are recognised in the financial statements on a recurring basis, the Company determines
whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level
input that is significant to the fairvalue measurement as awhole) at the end of each reporting period.

External valuers are involved for valuation of significant assets, such as properties and significant liabilities, such as
contingent consideration.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the
nature, characteristics and risks of the asset or liability and the level of the fairvalue hierarchy as explained above.

3.18 Impairment of non-financial assets

The Company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any
indication exists, or when annual impairment testing for an asset is required, the Company estimates the asset''s
recoverable amount. An asset''s recoverable amount is the higher of an asset''s or cash-generating units (CGU) fair value less
costs of disposal and its value in use. Recoverable amount is determined for an individual asset, unless the asset does not
generate cash inflows that are largely independent of those from other assets or company of assets. When the carrying
amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its
recoverable amount.

3.19 Segment Reporting

The main business of the Company is of manufacturing and sales of C.I. Castings. All other activities of the Company revolve
around the main business. There is only one reportable segment. Hence, disclosures pursuant to Ind AS 108 Operating
Segments are not applicable.

3.20 Operating Cycle

Based on the nature of products/activities of the Company and the normal time between acquisition of assets and their
realization in cash or cash equivalents, the Company has determined its operating cycle as 12 months for the purpose of
classification of its assets and liabilities current and noncurrent.

4 Major Estimates made in preparing Financial Statements

4.1 Useful life of property, plant and equipment and intangible assets

The estimated useful life of property, plant and equipment is based on a number of factors including the effects of
obsolescence, demand, competition and other economic factors (such as the stability of the industry and known
technological advances) and the level of maintenance expenditures required to obtain the expected future cash flows from
the asset.

Useful life of the assets other than Plant and machinery are accordance with Schedule II of the CompaniesAct, 2013.

The Company reviews at the end of each reporting date the useful life of property, plant and equipment, and are adjusted
prospectively, if appropriate. Intangible assets are amortized over a period of estimated useful life as determined by the
management.

4.2. post-employment benefit plans

Employee benefit obligations are measured on the basis of actuarial assumptions which include mortality and withdrawal
rates aswell as assumptions concerning future developments in discount rates, the rate of salaryincreases and the inflation
rate. The Company considers that assumptions used to measure its obligations are appropriate late and documented.
However, any changes in these assumptions may have a material impact on the resulting calculations.

4.3. Provisions and contingencies

The assessments undertaken in recognizing provisions and contingencies have been made in accordance with Ind AS 37,
''Provisions, Contingent Liabilities and Contingent Assets. The evaluation of the likelihood of the contingent events has
required best judgment by management regarding the probability of exposure to potential loss. Should circumstances
change following unforeseeable developments, this likelihood could alter.

4.4. Allowance for credit losses on receivables

The Company determines the allowance for credit losses based on historical loss experience adjusted to reflect current and
estimated future economic conditions. The Company considered current and anticipated future economic conditions
relating to industries the Company deals with and the countries where it operates. In calculating expected credit loss, the
Company has also considered credit reports and other related credit information for its customers to estimate the
probability of default in future.

4ARecent Pronouncements

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. For the year ended March 31, 2025, MCAhas not notified
any new standards or amendments to the existing standards applicable to the Company.

1. On 29th September 2023, the company received a Notice from the National Company LawTribunal (NCLT) regarding application filed by PrecisionAutocastings Private Limited under
Section 9 of Insolvency and Bankruptcy Code, 2016 to initiate Company Insolvency Resolution Process against Outstanding dues of supplies made by Precision Autocastings Private Limited
to Universal Autofoundry Limited and subsequently the Company received further notice for Rs. 200.62 lakh under the ongoing proceedings. The case is still pending with NCLT.
(Outstanding Balance as per party as on 31.03.2024 is Rs. 193.64 lakh. Balance as per books of accounts as on 31.03.2024 is Rs. 4.53 lakh.)

2. On 12 October 2023, the company received a Notice from KVG HighTechAuto Components Private Limited under provisions of section 18(1) of delayed payment to Micro Small
Enterprises of Micro Small and Medium Enterprises DevelopmentAct, 2006, regarding non-payment for supplied goods to the Companyas perwork orderwithin 45 days, forwhich the
company replied on 8th November, 2023, that payment had been made and if there were still difference exists in the books then it was only against the purchase return and pricing
difference and debit notes were also issued for them. (Outstanding Balance as per party as on 31.03.2024 is Rs. 41.24 lakh. Balance as per books of accounts as on 31.03.2024 is Rs. 5.21 lakh
(Dr.))

3. On 17” October, 2023, the Company received a Notice from M/s Unicast under provisions of section 18(1) of delayed payment to Micro Small Enterprises of Micro Small and Medium
Enterprises Development Act, 2006, regarding non-payment for supplied goods to the Company as per work order within 45 days, for which the company replied on 8th November, 2023,
that payment had been made and if there were still difference exists in the books then it was only against the

purchase return and pricing difference and debit notes were also issued for them. (Outstanding Balance as per party as on 31.03.2024 is Rs. 55.46 lakh. Balance as per books of accounts as
on 31.03.2024 is Rs. 8.22 lakh)

4. On 30th October, 2023, the company received a Notice from Jain Autocastings Private Limited under provisions of section 18(1) of delayed payment to Micro Small Enterprises of Micro
Small and Medium Enterprises DevelopmentAct, 2006, regarding non-payment for supplied goods to the Companyas perwork orderwithin 45 days, forwhich the company replied on
8th November, 2023, that payment had been made and if still difference existing in the books then it was only against thepurchase return and pricing difference and debit notes were also
issued for them. (Outstanding Balance as per party as on 31.03.2024 is Rs. 74.57 lakh. Balance as per books of accounts as on 31.03.2024 is Rs. 8.03 lakh)

5. M/s Precision Autocasting Pvt. Ltd. has filed an Application under section 12A of the Commercial Courts Act, 2015 before Rajasthan High Court Mediation Centre, Jaipur titled as Precision
Autocasting Pvt Ltd vs Universal Autofoundry Ltd for recovery of Rs. 9,74,244/ on the pretext that out of total 918 number of goods, 336 have not been received back by the Applicant upon
which the present dispute has been filed under the Commercial Courts Act. Since before filing of any suit before Commercial Court, an Application under section 12A has to be filed before
Mediation Centre, therefore this Application has been filed for recovery of Rs. 9,74,244/-.

6. M/s Precision Autocasting Pvt. Ltd. has filed an commercial suit against Universal Autofoundry Limited on dated 21.11.2024 before Commercial Court, Jaipur Metropolitan for recovery of
Rs. 8,95,299/ in respect of non returning of goods t the defendant on job work for carrying out the machine work.

NOTE :36

POST EMPLOYMENT OBLIGATIONS

Disclosures as per Ind AS-19 ''Employee Benefits'' for the year ended on March 31 2025 is provided below:

Defined Contribution Plans

The company has also defined contribution plan for its employees'' retirement benefits comprising Provident Fund & Employees'' State Insurance Funds. The Company and eligible
employees make monthly contribution to the above mentioned fund at a specified percentage of the covered employees salary. The obligation of the company is limited to the amount
contributed and it has no further contractual of any constructive obligation. The expenses recognized during the year towards provident fund is Rs. 31.07 Lakhs (31st March 2024: Rs. 22.19
Lakhs). The expenses recognized during the year towards employees'' state insurance is Rs. 3.03 Lakhs (31st March 2024: Rs. 4.54 Lakhs)

Defined Benefits Plans

The company provides for gratuity for employees in india as per the Payment of Gratuity Act, 1972. Employees who are in continues service for a period of 5 years are eligible for gratuity.
The amount of gratuity payable on retirement/ termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of
years of service, The liability in respect of Gratuity has been determined using projected Unit Credit Method by an independent actuary.

For the purpose of the Company''s capital management, equity includes issued equity capital, convertible warrant, share premium and all other equity reserves
attributable to the equity holders of the Company. The primary objective of the Company''s capital management is to maximize the shareholder value. The
Company''s Capital Management objectives are to maintain equity including all reserves to protect economic viability and to finance any growth opportunities that
may be available in future so as to maximize shareholders'' value. The Company is monitoring capital using debt equity ratio as its base which is debt to equity. The
Company''s policy is to keep debt equity ratio below two and infuse capital if and when required through issue of new shares and/or better operational results and
efficient working capital management.

The capital structure of the company consists of net debt (outside borrowings offset by cash and bank balances ) and total equity of the Company (comprising
issued capital, reserves,retained earnings).

38.3 Financial Risk Management Objectives

The Company''s principal financial liabilities, comprise loans and borrowings, trade and other payables. The Company''s principal financial assets include loans,
trade and other receivables and cash and cash equivalents that derive directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company''s senior management oversees these risks management. The Company''s
senior management provides assurance that the Company''s financial risk activities are governed by appropriate policies and procedures and that financial risks
are identified, measured and managed in accordance with the company''s policies and risk objectives.All derivative activities for risk management purposes are
carried out by teams that have the appropriate skills, experience and supervision. The Board of Directors reviews and agrees policies for managing each of these
risks, which are summarised below

The Corporate Treasury function reports quarterly to the company''s risk management committee, an independent body that monitors risks and policies
implemented to mitigate risk exposures.

38.4 Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises of
three types of risks - interest rate risk, currency risk and other price risk in a fluctuating market environment. Financial instrument affected by market risks
includes loans and borrowings, deposits, FVTOCI Investments, derivatives and other financials assets.The Company has designed risk management frame work to
control various risks effectively to achieve the business objectives. This includes identification of risk, its assessment, control and monitoring at timely intervals.

38.4.1 Currency Risk

Foreign currency risk is the risk of impact related to fair value or future cash flows of an exposure in foreign currency, which fluctuate due to changes in foreign
exchange rates. The Company is exposed to foreign currency risk on certain transactions that denominated in a currency (primarily with respect to USD and
EURO) other than entity''s functional currency (INR), hence exposure to exchange rate flucidations arises. the functional currencyvalue of cash flows will vary as a
result of movements in exchange rates. The Company''s exposure to foreign currency risk is nominal.

38.4.2 Interest Rate Risk Management

The Company manages interest rate risk by having a balanced portfolio of fixed and variable rate of interest on loans and borrowings. Company has loans taken
from banks are linked to MCLR rate of the bank, which are variable.

38.4.3 Interest Rate SensitivityAnalysis

The sensitivity analysis below has been determined based on the exposure to interest rates for borrowings at the end of the reporting period. For floating rate
liabilities, the analysis is prepared assuming the amount of the liability outstanding at the end of the reporting period was outstanding for the whole year. A 50
basis point increase or decrease is used when reporting interest rate risk internally to key management personnel and represents management''s assessment of
the reasonably possible change in interest rates.

If interest rates had been 50 basis points higher/lower and all other variables were remain constant, the company''s:

i) Profit before tax for the year ended March 31, 2025 would have increased/ decreased by Rs. 20.00 lakh (March 31, 2024: decrease/ increase by Rs. 17.14 lakh)

38.5 Credit Risk Management

Credit risk is the risk that counter party will not meet it obligation under a financial instrument or customer contract leading to a financial loss. The Company is
exposed to credit risk mainly from trade receivables and other financial assets.The Company only deals with parties which has good credit ratings / worthiness
based on company''s internal assessment. The Company has not acquired any credit impaired asset. There was no modification in any financial assets.

38.5.1 Trade Receivable

Customer credit is managed by each business division subject to the Company''s established policy procedures and control related to customer credit risk
management. The Company evaluates the concentration of risk with respect to trade receivables as low, as its customers are located in several jurisdictions and
industries and operate in largely independent markets and their credit worthiness are monitored at periodical intervals. The maximum exposure to credit risk at
the reporting date is the carrying value of each class of financial assets.

38.5.2 Other Financial Assets

Credit risk from balances with banks is managed by Company''s treasury department in accordance with the Company policy.

38.6 LiquidityRisk Management

The Company manages liquidity risk by continuously monitoring forecast and actual cash flows on daily, monthly and yearly basis. The Company ensures that
there is a free credit limit available at the start of the year which is sufficient for repayments getting due in the ensuing year. Loan arrangements, credit limits with
various banks including working capital and monitoring of operational and working capital issues are always kept in mind for better liquidity management.

The following tables detail the company''s remaining contractual maturity for its financial liabilities with agreed repayment periods. The tables have been drawn
up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the company can be required to pay. The tables include both
interest and principal cash flows. To the extent that interest flows are floating rate, the undiscounted amount is derived from interest rate curves at the end of the
reporting period. The contractual maturity is based on the earliest date on which the company may be required to pay.

The Company is engaged in a single business segment viz.manufacturing & sale of C.I. castings. All other
activities of the Company revolve around the main business. There is only one reportable segment. Hence,
disclosures pursuant to Ind AS 108 - Operating Segments are not applicable.

NOTE 41 : BORROWING COST

Borrowing cost has been recognised in the books of accounts in accordance with Ind AS-23 "Borrowing Costs".
The details of Borrowing Cost which is incurred during the period and allocated to various head of accounts is
as given below:

NOTE 42 : ASSESSMENT UNDER Ind AS 115 : REVENUE FROM CONTRACTS

Ind AS 115 was issued on March 28, 2018 and superseded Ind AS 11- ''Construction Contracts'' and Ind AS 18-
''Revenue'' and it applies, with limited exceptions, to all revenue arising from contracts with its customers. Ind
AS 115 establishes a five-step model to account for revenue arising from contracts with customers and
requires that revenue to be recognised at an amount that reflects the consideration to which an entity expects
to be entitled in exchange for transferring goods or services to a customer. Ind AS 115 requires entities to
exercise judgement, taking into consideration all of the relevant facts and circumstances when applying each
step of the model to contracts with their customers. In addition, the new standard results into the change in
accounting policy related to revenue recognition and requires extensive disclosures.

During the current year, the Company made an evaluation of Ind AS 115 on the revenue recognition and
disclosures, the adjustment and disclosure of Ind-AS 115 have been adequately made in these Ind-AS financial

cf^fp m he

The Company applies the short-term lease recognition exemption to its short-term leases. It also applies the
lease of low-value assets recognition exemption that are considered to be low value. Lease payments on short
term leases and leases of low value assets are recognised as expense on a straight-line basis over the lease
term.

NOTE 44 : CORPORATE SOCIAL RESPONSIBILITY

As per section 135 of Companies Act, 2013, a company meeting the applicability threshold need to spent at
least 2% of average net profit for the immediately preceeding three financial year on corporate social
responsibility activities. The areas for CSR activities are erdication of hunger and malnutrition, promoting
education, art & culture, healthcare, destitute care and rehabilitation, environment sustainability, disaster relief
and rural development project.

In line with Guidance Note on Accounting for Expenditure on Corporate Social Responsibility Activities, issued
by the Institute of Chartered Accountants of India, the disclosure of the CSR expenditure during the year, is as
under :

Previous year''s figures have been regrouped/ reclassified/ rearranged wherever necessary to confirm to the
current presentation as per schedule III of the Companies Act'' 2013.

Accompanying Notes to Standalone Financial Statements 1 - 46

As per our Report of even date

^{For GOVERDHAN AGARWA}L & ^C°. For and on behalf of the Board of Directors of

Chartered Accountants Universal Autofoundry Limited

FRN : 006519C

Sd/-

Sd/ (Vimal Chand Jain)

Chairman & Managing Director

(MUKESH KUMAR GUPTA) DIN : 00295667

Partner

M.No. 410615 Sd/- Sd/-

(Vinit Jain) (Ambika Sharma)

Place : Jaipur Director & CFO Company Secretary

Date : 15.05.2025 DIN : 02312319

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Mar 31, 2018

Notes to Account

NOTE :29
Financial & Derivatives fnstrument
Particulars	31 -Mar- 18	31-Mar-17
Derivative contracts entered into by the Company and outstanding as on 31st March, 2018
For Hedging Currency
Forward Contract	0.00	0,00
TOTAL	-	-
NOTE :30
Earnings Per Share (EPS)
Particulars	31-Mar-18	31- Mar-17
Net profit after tax as per Statement of Profit and Loss attributable to equity shareholders	4,58,51,255,64	2,86.83,904.87
Weighted average number of equity shares outstanding during the year (in numbers)	61,10.000	81,10,000
Basic earnings per share of face value Rs. 10 each	5,65 ''	3,54
Weighted average number of equity shares in computing diluted earnings per share (in numbers)	81,10.000	81,10,000
Diluted earnings per share of face value Rs. 10 each	5.65	3.54
NOTE 31
Value of Imports calculated on CIF Basis
Particulars	31-Mar-18	31-Mar-17
Repair & Maintenance	17,86769-00	25,06,016.56
TOTAL	17,86.769.00	25,06,016.56
NOTE 32
Expenditure in Foreign Currency
Particulars	31-Mar-18	31-Mar-17
Finance Exp. (Bank commision FCTL Interest)	5,68,251.86	18,81,315.00
TOTAL		18,81.315,00
	5,68,251,86
NOTE :33
Earning in Foreign Currency
Particulars	31-Mar-18	31 -Mar- 17
Export Sale	13,51,01,236,00	11,53,59,745.00
TOTAL		11,53,59,745.00
	13,51,01,236,00
NOTE :34
The Company does not have any long - term contracts including derivative contracts for which there are any mate rial foreseeable losses.
NOTE :35
There are no amounts which are required to be transferred to the Investor Education and Protection Fund,
NOTE :36
Previous year''s figures have been regrouped / reclasslfled wherever necessary to correspond with the current year''s classification /disclosure.

---

Mar 31, 2016

1. Terms/ Rights attached to Equity Shares

The Company has only one class of shares referred to as equity shares having a face value of Rs. 10 per share. Each equity shareholder is entitled to one vote per share.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts.

Primarily Secured by hypothecation of entire current assets of the company comprising, intera alia Stock of Raw Material, WIP, Finished Goods, Receivables, Book Debts and Other Current Assets.

Further Secured by Common Collateral Security of Exclusive charge on entire fixed assets of the firm other than those explicitly financed by other financiers & Equitable Mortgage of Land& Building situated at B-307, Road No.-16, VKI Area, Jaipur.

Cash collateral (Fixed Deposits) of Rs. 18.75 lacs.

Further Secured by Director''s Personal Guarantee.

2. Based on the information available with the Company, no supplier has been identified, who is registered under the Micro, Small & Medium Enterprises Development Act, 2006. Further, the Company has not received any claim of interest from any supplier under the said Act.

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Mar 31, 2013

1. Terms/ Rights attached to Equity Shares

The Company has only one Class of Equity Shares having par value of Rs. 10/- per share. Each holder of equity shares is entilted to one vote per share.

RELATED PARTY DISCLOSURES

2. in pursuant to Accounting Standard 18 regarding Related Party Disclosure,the details are as under: (i) Related parties (with whom transactions entered during the financial year)

Sr.No Name Of The Related Party Relationship

1 Kishan Lai Gupta

2 Vimal Chand Jain

3 Vikram Jain Key Mangerial Person

4 Amit Gupta

5 Vinit Jain

6 Ajay Gupta- HUF

7 Ajay Gupta

8 Amit Gupta HUF

9 Geeta Tyagi

10 G.K. Tyagi

11 K.L. Gupta HUF

12 Mani Jain

13 Veenu Jain

14 Vikram Jain HUF

15 Vinit Jain-HUF

16 Nidhi Jain

17 Manju Tyagi Relatives of Key Mangerial Person

18 P.C. Jain

19 Prakash Chand-HUF

20 Praveen Jain

21 Praveen Jain -HUF

22 Preeti Jain

23 Sonu Gupta

24 KVG Hi Tech Auto Pvt. Ltd

25 Precision Autocastings Private Limited

26 AV Casters Private Limited

27 Unicast