Notes to Accounts of B C Power Controls Ltd.

Mar 31, 2024

[2.13 Provision and Contingencies

Ia provision is recognised when the company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to
settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding retirement benefit) are not discounted to their present value and are
determined based on the 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.

[2.14 Cash and cash equivalents

[Cash and cash equivalents comprise cash and balance with banks .

[2.15 Taxes on Income

[Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the Income Tax Act, 1961.

Deferred tax is recognised on timing differences, being the differences between the taxable income and the accounting income that originate in one’period and are
I capable of reversal in one or more subsequent periods. Deferred tax is measured using the tax rates and the tax laws enacted or substantially enacted as at the
[reporting date. Deferred tax liabilities are recognised for all timing differences. Deferred tax assets in respect of depreciation and provision on standard asset is
recognised only if there is virtual certainty that there will be sufficient future taxable income available to realise such assets. Deferred tax assets are recognised for
[timing differences of other items only to the extent that reasonable certainty exists that sufficient future taxable income will be available against which these can be |
revised. Deferred tax assets and liabilities are offset if such items relate to taxes on income levied by the same governing tax laws and the Company has a legally
[enforceable nght for such set off. Deferred tax assets are reviewed at each Balance Sheet date for their realisability.

(2.16 Insurance Claims

Insurance claims are accounted for on the basis of claims admitted/ expected to be admitted and to the extent that the amount recoverable can be measured reliably
land it is reasonable to expect ultimate collection.

|As per our report of even date attached

For Garg Bros. & Associat<*^--~^_ For and On Behalf of Board of Directors

(Chartered Accountants) -4&X M/s B. C. Power Controls Limited

FRN.001005N /A/ \®\ ?Jfen

\ Y*\ / Chander Shekhar Jain Nitin Aggarwal

CAK^hanP?akashGarg\QV_y^ Manging Director Director

|^{Partner DIN}- 08639491 DIN 06713847

|M. No: 011020 Ya _v s''

luDIN: 24011020BKHIJP9216 j

Date: 24/05/2024 V

Place. New Delhi Manoj Jain -—-^^pleMalik "

Chief Financial Officer Company Secretary

I______MNo, 69221

2.28.1 Capital management

The Company’s capital management objective is to maximise the total shareholder return by optimising cost of capital
through flexible capital structure that supports growth. Further, the Company ensures optimal credit risk profile to
maintain/enhance credit rating.

The Company determines the amount of capital required on the basis of annual operating plan and long-term strategic plans.
The funding requirements are met through internal accruals and long-term/short-term borrowings. The Company monitors
the capital structure on the basis of Net debt to equity ratio and maturity profile of the overall debt portfolio of the Company.
For the purpose of capital management, capital includes issued equity capital, securities premium and all other reserves. Net
debt includes all long and short-term borrowings as reduced by cash and cash equivalents and inter-corporate deposits with
financial institutions.

The following table summarises the capital of the Company:

2.28.3 Financial risk management objectives

The Company has adequate internal processes to assess, monitor and manage financial risks. These risks include market risk (including
currency risk, interest rate risk and other price risk), credit risk and liquidity risk. The Company seeks to minimise the effects of these risks by
using financial instruments such as foreign currency forward contracts, option contracts, interest and currency swaps to hedge risk exposures
and appropriate risk management policies as detailed below. The use of these financial instruments is governed by the Company''s policies,
which outlines principles on foreign exchange risk, interest rate risk, credit risk and deployment of surplus funds.

b) The Company do not have any transactions with companies struck off in current year and previous year.

c) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period in current year and
previous year.

d) The Company have not traded or invested in crypto currency or virtual currency during the current year and previous year.

e) The Company have not advanced or loaned or invested funds to any other person(s) or entity(is), including foreign entities (Intermediaries)

i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company
(Ultimate Beneficiaries) or

ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

f) The Company have not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) that the Company shall in current year and previous year:

i) 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

ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

g) The Company does not have any transaction which is not recorded in the books of accounts that has been subsequently surrendered or
disclosed as income during the year as part of the on going tax assessments under the Income Tax Act, 1961 (such as, search or survey or any
other relevant provisions of the Income Tax Act, 1961) in current year and previous year.

h) The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any

Benami property in current year and previous year. _

i) The Company has not been declared as willful defaulter by {ifi^imk^^S^lqcial institution or government or any government authority in

current year and previous year. /''CjO

j) The Company has complied with the provisions of numbqrMl^^ pPeSJOri bed j under the Companies Act, 2013 i iVaijm-nty c v i o u s

year. \*\ⁿ IJsl fckf

‘Foreign Exchange Earnings and Outgo are on account of Import and Export of Goods
2.32 Other Notes

(i) Previous year figures are regrouped and reclassified wherever necessary to conform to current year''s presentation.

(ii) Some of the balances of receivables and payables remains unconfirmed till balance sheet date.

(iii) In the opinion of the management, current assets, loans and advances have a value not less than what is stated in the accounts if realised in the ordinary
course of business.

For Garg Bros. & Associates ¦ For and On Behalf of Board of Directors

(Chartered Accountants) M/s B. C. Power Controls Limited

FRN: 001005N (

rtelhi jt| .

^Q—" \ '' O\ y cy /^ONT/^X Chander Shekhar Jain Nitin Aggarwal

V S"^N^XManging Director Director

CA Krishan Parkash Garg X&S (sf V// PIN. 08639491 S'' DIN. 06713847

Partner '' |q/ I/T/S ]—)v vv yS

M. No: 011020 J^S . /?

UDIN: 24011020BKHIJP9216 \u>C SS/ J

Date: 24/05/2024 X^j? ^ y'' Cimplc Malik

Place: New Delhi ^ ^ Chief Financial Officer Company Secretary

____MNo. 69221_

---

Mar 31, 2018

Corporate Information

RC Power Controls Lim,ted(“the Company”) was a public limited l.sted Company. The company is engaged in manicuring and selling of Insulated Cables Conne; Wires as well as Copper scrap. The company caters to domestic market and sell goods to exporter as well is havine it’s registered office at 7A/’^ WFA ™ ™ MARKET, KAROL BAGH, NEW DELHI-110005 and manufacturing unit at Bhiwadi

1.1.1 The authorised equity shares were 1,40,00,000 and the issued, subscribed and paid-up shares were 1,17,60,000 as of April 1,2017

1.1.2 The Company has only one class of shares referred to as equity shares having a par value of’ 10/-. Each holder of equity shares is entitled to one vote per share

1.1.3 The details of shareholder holding more than 5% shares are set out below ;

1.2.1 The inventories are valued at lower of Cost or Net Realizable Value

2.2.2 The Stores and spares having useful life greater than one year is classified under property plant & equipment as per IND AS- 16

Deterred tax assets and deferred tax I (abilities have been offset wherever the Company has a legally enforceable right to set off current tax assets against current tax liabilities and where the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority..

In assessing the realizability of deferred income tax assets, management considers whether some portion or all of the deferred income tax assets will not be realized The taxable income during the periods in which the temporal differences become deductible^ Management considers the scheduled reversals of deferred income tax liabilities, projected fiiturc taxable income, and tax planning strategy m making this issessment Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred income tax assets are deductible management beli^ es that the Group will realize the benefits of those deductible differences. The amount of the deferred income tax assets considered realizable, however, ‘ could be reduced in the near term if estimates of future taxable income during the earn,/ forward period are reduced. ’ ’

1.3.1 Capital management

The Company’s capital management objective is to maximise the total shareholder return by optimising cost of capita! through flexible capital structure that supports growth. Further, the Company ensures optimal credit risk profile to maintain/enhance credit rating.

The Company determines the amount of capital required on the basis of annual operating plan and long-term strategic plans. The funding requirements are met through internal accruals and long-term/short-term borrowings. The Company monitors the capital structure on the basis of Net debt to equity ratio and maturity profile of the overall debt portfolio of the Company.

For the purpose of capital management, capital includes issued equity capital, securities premium and all other reserves.

Net debt includes all long and short-term borrowings as reduced by cash and cash equivalents and inter-corporate deposits with financial institutions.

The following table summarises the capital of the Company:

1.3.2 Financial risk management objectives

The Company has adequate internal processes to assess, monitor and manage financial risks. These risks include market risk (including currency risk, interest rate risk and other price risk), credit risk and liquidity risk. The Company seeks to minimise the effects of these ris^s by using financial instruments such as foreign currency forward contracts, option contracts, interest and currency swaps to hedge risk exposures and appropriate risk management -policies as detailed below. The use of these financial instruments is governed by the Company’s policies, which outlines principles on foreign exchange risk, interest rate risk, credit risk and deployment of surplus funds. positive value denotes financial asset (net) and negative value denotes financial liability (net) Notes:

1. There were no transfers between Level 1 and 2 in the period.

2. The Level 1 financial instruments are measured using quotes in active market

1.5 Other Notes

(i) Previous year figures are regrouped and reclassified wherever necessary to conform to current year’s presentation

(ii)There were no dues outstanding to Small, Medium and Micro Undertakings to the extent that such parties have been

(iii)The Company has entered into operating lease agreements for certain offices premises, works and warehouses, The lease

(iv)The lease agreements provide for an increase in the lease payments by 10-15% every one or two years

(v)Some of the balances of receivables and payables remains unconfirmed till balance sheet date

(vi)In the opinion of the management, current assets, loans and advances have a value not less than what is stated in the

---

Mar 31, 2016

(ii) Rights, Preference and restrictions attaching to each class of shares Equity shares

The Company has only one class of equity shares having a par value of Rs 10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. No dividend has been proposed by the Board of Directors during the year.

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

---

Mar 31, 2015

1. Corporate Information

power Control Umited the comany was a pubic limited listed Company Tha company a engaged in manufacturing, and celling of Insulated Cables Cooper wires as we* itstT*p The company caters to domestic market and sell goods to exporter as well is having It's registered office at 7A/39. WEA CHANAIA MARKET CAACX BAGH. new DELHI- 110005 and manufacturing unft M Bhiwadi

2. Accounting Standards

The company has complied with all the accounting standard at applicable to the company under Companies under Section U5 of the Act,read with Rule 7 of the companies (Accounts) Rules, 2014, and made necessary disclosures wherever applicable

3. Defetted tax Is recognised on timing difference. being the difference between the taxable income and the accounting Income that originate In ona period and we capable of reversal in one or more subsequent periods Deferred Ur is measured using the tea rates and the ta« law enacted or substantially enacted at at the reporting date Deferred tax liabilities are recognised for af timing differences Deferred Ur assets In respect of depreciation and provision on standard asset is recognised only if there Is virtual certainty that there will be sufficient Mure Usable income available to realise such assets Deferred tax assets are recognised for timing differences of other Items only to the extent that reasonable certainly exits that sufficient Mure Usable income was be available against which these can be realised Deferrml tax assets and liabilities we offset If such items relate to Uses on income levied by the same governing tax and the Company has a legally enforceable right for such set off Deferred ns assets are renewed et each Balance Sheet daw for then /aalisahiltty Equity shares

4. Company has only cow daw of equity shares having a par value of Rs. 10 per share Eacti holder of equity shares is entitled to one vote per share The Company declares and pays dividends in Indian Rupees Mo dividend hat been proposed by the board ot Directors during the year

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

---

Mar 31, 2014

Corporate information

B.C.POWER CONTROLS PVT. LTD. (the "Company") was a private limited company domiciled in India and incorporated under the provisions of the Companies Act 1956. But recently, it has been converted to public limited company and has raised its share capital by public issue. The company is engaged in manufacturing & selling of Insulated Cables and Copper Wires as well as trading of Copper Scrap. The company caters to domestic market and sells goods to exporter as well. The Company''s registered office is in New Delhi and Manufacturing Unit at Bhiwadi.