| (Rs. in Millions) |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 | 0 |
| Share Capital | 136.60 | 136.60 | 100.00 | 25.00 | 25.00 |
| Equity - Authorised | 140.00 | 140.00 | 140.00 | 30.00 | 30.00 |
| Equity - Issued | 136.60 | 136.60 | 100.00 | 25.00 | 25.00 |
| Equity Paid Up | 136.60 | 136.60 | 100.00 | 25.00 | 25.00 |
| Equity Shares Forfeited | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Reserves | 506.84 | 378.21 | 96.11 | 99.13 | 49.37 |
| Securities Premium | 157.13 | 157.13 | 5.00 | 5.00 | 5.00 |
| Capital Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit & Loss Account Balance | 349.71 | 221.08 | 91.11 | 94.13 | 44.37 |
| General Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reserve excluding Revaluation Reserve | 506.84 | 378.21 | 96.11 | 99.13 | 49.37 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 643.44 | 514.81 | 196.11 | 124.13 | 74.37 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 272.74 | 235.24 | 225.75 | 123.23 | 59.17 |
| Non Convertible Debentures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Term Loans - Banks | 253.46 | 260.32 | 218.81 | 122.57 | 58.23 |
| Term Loans - Institutions | 15.04 | 17.80 | 18.98 | 0.00 | 0.00 |
| Other Secured | 4.24 | -42.87 | -12.04 | 0.66 | 0.95 |
| Unsecured Loans | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Deposits - Public | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Banks | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 5.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets / Liabilities | 22.64 | 6.98 | 1.75 | 1.66 | 1.41 |
| Deferred Tax Assets | 3.52 | 2.05 | 1.68 | 0.46 | 0.24 |
| Deferred Tax Liability | 26.16 | 9.03 | 3.43 | 2.12 | 1.65 |
| Other Long Term Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 4.15 | 4.06 | 2.54 | 1.83 | 0.92 |
| Total Non-Current Liabilities | 304.54 | 246.29 | 230.04 | 126.71 | 61.50 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 142.79 | 62.39 | 35.82 | 45.46 | 64.46 |
| Sundry Creditors | 142.79 | 62.39 | 35.82 | 45.46 | 64.46 |
| Acceptances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 105.16 | 69.04 | 34.29 | 27.22 | 22.51 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 11.06 | 9.11 | 5.45 | 4.15 | 3.38 |
| Interest Accrued But Not Due | 1.73 | 1.22 | 0.00 | 0.00 | 0.00 |
| Share Application Money | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 92.37 | 58.72 | 28.84 | 23.06 | 19.13 |
| Short Term Borrowings | 367.48 | 176.21 | 154.89 | 137.15 | 128.01 |
| Secured ST Loans repayable on Demands | 289.84 | 128.57 | 101.85 | 116.13 | 108.04 |
| Working Capital Loans- Sec | 289.84 | 128.57 | 101.85 | 116.13 | 108.04 |
| Buyers Credits - Unsec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loans | -212.20 | -80.94 | -48.80 | -95.11 | -88.06 |
| Short Term Provisions | 5.50 | 15.75 | 13.67 | 0.80 | 5.96 |
| Proposed Equity Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Tax | 1.55 | 12.59 | 8.06 | 0.56 | 4.54 |
| Provision for post retirement benefits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Provisions | 3.95 | 3.16 | 5.62 | 0.24 | 1.42 |
| Total Current Liabilities | 620.93 | 323.38 | 238.68 | 210.63 | 220.94 |
| Total Liabilities | 1568.90 | 1084.48 | 664.82 | 461.47 | 356.80 |
| ASSETS | 0 | 0 | 0 | 0 | 0 |
| Gross Block | 782.47 | 571.13 | 143.62 | 111.87 | 84.62 |
| Less: Accumulated Depreciation | 81.82 | 46.18 | 30.44 | 17.04 | 6.94 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 700.65 | 524.95 | 113.18 | 94.83 | 77.69 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 68.55 | 57.76 | 79.86 | 0.00 | 0.00 |
| Non Current Investments | 6.37 | 6.35 | 25.16 | 20.10 | 0.02 |
| Long Term Investment | 6.37 | 6.35 | 25.16 | 20.10 | 0.02 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 6.37 | 6.35 | 25.16 | 20.10 | 0.02 |
| Long Term Loans & Advances | 73.44 | 47.76 | 41.48 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 849.00 | 636.83 | 259.68 | 114.93 | 77.71 |
| Current Assets Loans & Advances | 0 | 0 | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 3.42 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 3.42 | 0.00 | 0.00 |
| Inventories | 398.31 | 234.00 | 147.81 | 184.95 | 114.62 |
| Raw Materials | 173.21 | 103.62 | 50.66 | 52.11 | 37.90 |
| Work-in Progress | 7.78 | 17.74 | 21.07 | 19.28 | 9.54 |
| Finished Goods | 194.13 | 112.03 | 75.19 | 113.56 | 67.18 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 1.33 | 0.61 | 0.89 | 0.00 | 0.00 |
| Other Inventory | 21.85 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry Debtors | 278.74 | 178.85 | 176.98 | 140.80 | 145.24 |
| Debtors more than Six months | 30.37 | 11.75 | 13.20 | 12.30 | 9.87 |
| Debtors Others | 255.99 | 173.16 | 167.24 | 128.50 | 135.36 |
| Cash and Bank | 21.37 | 17.37 | 69.97 | 0.98 | 1.14 |
| Cash in hand | 0.53 | 2.11 | 0.49 | 0.78 | 1.13 |
| Balances at Bank | 20.84 | 15.26 | 69.48 | 0.20 | 0.01 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 11.65 | 2.25 | 2.77 | 0.66 | 0.18 |
| Interest accrued on Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued and or due on loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 4.26 | 0.02 | 2.77 | 0.66 | 0.18 |
| Other current_assets | 7.38 | 2.23 | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 9.84 | 15.19 | 4.20 | 19.16 | 17.92 |
| Advances recoverable in cash or in kind | 7.17 | 11.01 | 3.31 | 7.94 | 7.92 |
| Advance income tax and TDS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 2.67 | 4.18 | 0.88 | 11.22 | 9.99 |
| Total Current Assets | 719.90 | 447.65 | 405.14 | 346.55 | 279.10 |
| Net Current Assets (Including Current Investments) | 98.98 | 124.27 | 166.46 | 135.91 | 58.16 |
| Miscellaneous Expenses not written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 1568.90 | 1084.48 | 664.82 | 461.47 | 356.80 |
| Contingent Liabilities | 19.52 | 0.10 | 0.00 | 0.00 | 0.00 |
| Total Debt | 720.02 | 455.65 | 397.24 | 273.56 | 199.90 |
| Book Value | 47.10 | 37.69 | 19.61 | 49.65 | 29.75 |
| Adjusted Book Value | 47.10 | 37.69 | 19.61 | 12.41 | 7.44 |