SIZEMASTERS TECHNOLOGY LIMITED - Annual Report 2025

SIZEMASTERS TECHNOLOGY LIMITED

CIN: L74110PN1991PLC223919

Date: August 22, 2025

	BSE Limited Ref: STL/BSE/ 2025		The Calcutta Stock Exchange Limited Ref: STL /CSE/ 2025
	Department of Corporate Services, 25thFloor, PhirozeJeejeebhoy Towers, Dalal Street, Mumbai– 400 001		7, Lyons Range, Kolkata-700001

Subject: Notice of 32[nd] Annual General Meeting of the Company along with Integrated Annual Report for the financial year 2024-25.

Dear Sir/Ma’am,

This is to inform you that the 32[nd] Annual General Meeting (“AGM”) of the Company is scheduled to be held on Thursday, September 18, 2025 at 03:00 P.M.(IST) through Video Conference (“VC‟) / Other Audio Visual Means (“OAVM‟) in compliance with the applicable provisions of the Companies Act, 2013 and the rules made thereunder read with General Circular No. 9/2023 dated September 25, 2023 issued by MCA, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD2/P/CIR/2023/167 dated October 7, 2023, and other applicable circulars issued in this regard by MCA and SEBI (collectively referred to as “Circulars”).

In accordance with the aforesaid Circulars, the Notice and the Annual Report is being sent through electronic mode to all the members of the Company whose names appear in the register of members / register of beneficial owners maintained by the depositories on Friday, August 15, 2025 and whose e-mail addresses are registered with the Company / registrar and share transfer agent/ depositories/ depository participant(s).

Further, in accordance with Regulation 36(1)(b) of the said Regulations, a letter is being sent to those members whose e-mail addresses are not registered with the Company/Registrar and Transfer Agent (RTA)/Depository Participants (DPs), providing a weblink to access the Notice of the AGM and the Annual Report on the Company's website.

The same is also available on the Company's website at the following link: www.sizemasters.in

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

SIZEMASTERS TECHNOLOGY LIMITED

CIN: L74110PN1991PLC223919

Following are the brief information:

Date and time of AGM	September 18, 2025, at 03:00 p.m. (IST)
Mode	VC/OAVM
Cut-off date for e-voting	September 11, 2025
E-voting start date and time	September 15, 2025 at 09:00 a.m. (IST)
E-voting end date and time	September 17, 2025 at 05:00 p.m. (IST)
Book Closure start date	September 11, 2025
Book Closure end date	September 18, 2025

We request you to take the above on record and that the same be treated as compliance under the applicable provisions of the SEBI Listing Regulations.

Thanking You

Yours Sincerely, For SIZEMASTERS TECHNOLOGY LIMITED

GOPAL Digitally signed by GOPAL RAMCHANDRA RAMCHAND ZANWAR Date: 2025.08.22 RA ZANWAR 15:32:21 +05'30'

Gopal Zanwar Managing Director DIN: 09537969

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED Annual Report 2024-25

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Prepared for

ESTEEMED SHAREHOLDERS

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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ANNUAL REPORT OF SIZEMASTERS TECHNOLOGY LIMITED TABLE OF CONTENT

S. No.	Particulars	Page No.
1	Corporate Details of the Company	02
2	Notice of 32ndAnnual General Meeting along with Explanatory Statement and its annexures	03 - 18
3	Board Report along with its annexures	19 - 46
4	Independent Auditor's Report along with Financial Statement (Standalone)	47 - 108
5	Independent Auditor's Report along with Financial Statement (Consolidated)	109 - 168

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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CORPORATE INFORMATION

BOARD OF DIRECTORS 1. Mr. Gopal Zanwar (Managing Director) 2. Mr. Kiran Zanwar (Non-Executive Director) 3. Mr. Rajvirendra Rajpurohit (Independent Director) 4. Ms. Suvarna Shinde (Independent Women Director) CHIEF FINANCIAL OFFICER (CFO) Mr. Shantaram Ankam COMPANY SECRETARY AND COMPLIANCE OFFICER Ms. Pooja Gandhi STATUTORY AUDITOR M/s. G M K S & Co. Chartered Accountants, (Firm Registration No. 139767W) SECRETARIAL AUDITOR M/s. Giriraj A. Mohta & Co., Practicing Company Secretary, Pune (COP No.:18967) INTERNAL AUDITOR Ms. Chitali Sudharkar Notes: Appointed w.e.f. 12/08/2025 due to resignation of Ms. Aishwarya Parwal who resigned w.e.f. 05/08/2025 **Appointed w.e.f. 14/08/2024 in replacement of Ms. Bharti Jadhav who resigned w.e.f. 14/08/2024		REGISTRAR & TRANSFER AGENTS M/s Nivis Corpserve LLP 03 Shankar Vihar, 2nd Floor, Vikas Marg, Delhi-110092 Tel. No. 011 - 45201005 Email: - [email protected]; [email protected] CORPORATE IDENTITY NUMBER L74110PN1991PLC223919 REGISTERED OFFICE Final Plot 123, Ramtekdi Industrial Estate, Hadapsar, Pune, Hadpsar I.E., Pune, Pune City, Maharashtra, India, 411013 EMAIL ID [email protected]; [email protected] CONTACT NUMBER +91-8484965857 WEBSITE www.sizemasters.in

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Email:[email protected], [email protected]

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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NOTICE

NOTICE is hereby given that 32[nd] Annual General Meeting ('AGM') of the members of Sizemasters Technology Limited ('the Company’) will be held on Thursday, September 18, 2025 at 03.00 p.m. through Video Conferencing ('VC') / Other Audio Visual Means ('OAVM') without the physical presence of members at a common venue to transact the following business: -

ORDINARY BUSINESS: -

1. ADOPTION OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL STATEMENTS:

To consider and if thought fit, to pass the following resolution as an Ordinary Resolution:

To receive, consider and adopt the Audited Standalone and Consolidated Financial Statement for the financial year ended on March 31, 2025, together with the Reports of the Board of Directors and the Auditors thereon.

“RESOLVED THAT the Board’s Report with Annexures, the Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement for the Financial Year ended March 31, 2025 and the Financial Statement as at that date together with the Independent Auditors’ Report thereon be and are hereby considered, approved and adopted. ”

2. TO CONSIDER RE-APPOINTMENT OF MR. GOPAL RAMCHARNDRA ZANWAR (DIN:09537969), MANAGING DIRECTOR, LIABLE TO RETIRE BY ROTATION:

To consider and if thought fit to pass the following resolution as an Ordinary Resolution :

“RESOLVED THAT pursuant to the provisions of Sections 152 and other applicable provisions, if any, of the Act, the Companies (Appointment and Qualifications of Directors) Rules, 2014, read with Schedule IV to the Act and Regulation 17 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), as amended from time to time, Mr. Gopal Ramcharndra Zanwar holding DIN: 09537969 who retires by rotation and being eligible, offers himself for re-appointment, be and is hereby re-appointed as a Managing Director of the Company.

RESOLVED FURTHER THAT any Directors or Key Managerial Personnel (KMP) of the Company be and is hereby are jointly and severally authorized to do all such acts, deeds, matters and things and take all such steps as may be necessary, proper or expedient to give effect to this resolution. ”

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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SPECIAL BUSINESS: -

3. TO PROVIDE LOANS, INTER CORPORATE DEPOSITS, GUARANTEES IN CONNECTION WITH LOANS MADE BY ANY PERSON OR BODY CORPORATE AND ACQUIRE BY WAY OF SUBSCRIPTION, PURCHASE OR OTHERWISE THE SECURITIES OF ANY OTHER BODY CORPORATE IN EXCESS OF THE LIMITS PRESCRIBED IN SECTION 186 OF THE COMPANIES ACT, 2013:

To consider and if thought fit, to pass the following resolution as a Special Resolution:

“RESOLVED THAT pursuant to the provisions of Section 186 of the Companies Act, 2013 (the ‘Act’) read with the Companies (Meetings of Board and its Powers) Rules, 2014, and other applicable provisions, if any, of the Act (including any statutory modification, amendment or re- enactment thereof for the time being in force) and subject to such other approvals, consents, sanctions and permissions as may be required in that behalf and in terms of the Articles of Association of the Company, approval of the Members of the Company be and is hereby accorded to the Board of Directors of the Company (hereinafter referred to as ‘the Board’ which term shall be deemed to include, unless the context otherwise requires, any Committee which the Board may have constituted or hereinafter constitute or any officer(s) authorized by the Board to exercise the powers conferred on the Board by this Resolution) to:

(a) provide loans, inter corporate deposits from time to time on such terms and conditions as it may deem expedient to any person or other bodies corporate;

(b) give on behalf of any person, body corporate, any guarantee in connection with a loan made by any other person to, or to any other person by any body corporate; and

in excess of the limits prescribed under Section 186 of the Act up to an aggregate sum of Rs. 15,00,00,000/- (Rupees Fifteen Crore Only) notwithstanding that the aggregate of loans and investments so far made, the amounts for which guarantee is given along with the investments, loans, inter-corporate deposits, guarantee proposed to be made or given by the Board may exceed sixty per cent of its paid-up share capital, free reserves and securities premium account or one hundred per cent of its free reserves and securities premium account, whichever is more.

RESOLVED FURTHER THAT the consent of the Company be and is hereby accorded to the Board to invest in the Subsidiaries, Associates, Related Parties, whether Indian or overseas, provide loans to them; provide guarantees on their behalf, within the limits, if any, as may be applicable from time to time and on such terms and conditions as may be deemed fit and expedient.

RESOLVED FURTHER THAT the Board be and is hereby authorized to negotiate the terms and conditions of the above said investments, loan(s), inter-corporate deposits, or guarantee(s) as they deem fit and in the best interest of the Company and take all such steps as may be necessary to complete the same.

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary and with power to settle questions, difficulties or doubts that may arise in this regard without requiring the Board to secure any further approval of the members of the Company. ”

4. APPOINTMENT OF M/S. GIRIRAJ A. MOHTA & CO., PRACTICING COMPANY SECRETARY AS SECRETARIAL AUDITOR OF THE COMPANY

To consider and if thought fit, to pass the following resolution as an ordinary resolution :

RESOLVED THAT pursuant to the provisions of Sections 179 and 204 and other applicable provisions of the Companies Act, 2013, read with the rules made thereunder, Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, and based on the recommendations of the Board of Directors, the approval of the members be and is hereby accorded for the appointment of M/s. Giriraj A. Mohta & Co. , Company Secretaries (COP: 18967) as Secretarial Auditors of the Company for a term of five consecutive years, commencing from Financial Year 2025- 26 till Financial Year 2029-30 at such remuneration and on such terms and conditions as may be determined by the Board of Directors (including its committees thereof), and to avail any other services, certificates, or reports as may be permissible under applicable laws.

RESOLVED FURTHER THAT The Board of Directors of the Company, (including its committees thereof), be and is hereby authorized to do all such acts, deeds, matters and things as may be deemed proper, necessary, or expedient, including filing the requisite forms or submission of documents with any authority or accepting any modifications to the clauses as required by such authorities, for the purpose of giving effect to this resolution and for matters connected therewith, or incidental thereto.

By the order of the Board

For SIZEMASTERS TECHNOLOGY LIMITED

Sd/-

Ms. Pooja Gandhi

Company Secretary & Compliance Officer Membership No. ACS 75075 Date: August 22, 2025

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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NOTES:

In Circular No.17/2020 dated April 13, 2020 issued by the Ministry of Corporate Affairs followed by Circular No. 20/2020 dated May 05, 2020 and Circular No. 02/2021 dated January 13, 2021 and all other relevant circulars issued from time to time, physical attendance of the Members to the AGM venue is not required and general meeting be held through video conferencing (VC) or other audio-visual means (OAVM). Hence, Members can attend and participate in the ensuing AGM through VC/OAVM.
Pursuant to the Circular No. 14/2020 dated April 08, 2020, issued by the Ministry of Corporate Affairs, the facility to appoint proxy to attend and cast vote for the members is not available for this AGM. However, the Body Corporates are entitled to appoint authorized representatives to attend the AGM through VC/OAVM and participate there at and cast their votes through e-voting.
The Members can join the AGM in the VC/OAVM mode 15 minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the AGM through VC/OAVM will be made available for 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend the AGM without restriction on account of first come first served basis.
The attendance of the Members attending the AGM through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.
Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (as amended), and the Circulars issued by the Ministry of Corporate Affairs dated April 08, 2020, April 13, 2020 and May 05, 2020 the Company is providing facility of remote e-Voting to its Members in respect of the business to be transacted at the AGM. For this purpose, the Company has entered into an agreement with National Securities Depository Limited (NSDL) for facilitating voting through electronic means, as the authorized agency. The facility of casting votes by a member using remote e-Voting system as well as venue voting on the date of the AGM will be provided by NSDL.
In line with the Ministry of Corporate Affairs (MCA) Circular No. 17/2020 dated April 13, 2020, the Notice calling the AGM has been uploaded on the website of the Company at www.sizemasters.in. The Notice can also be accessed from the websites of the Stock Exchanges

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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i.e. BSE Limited at www.bseindia.com and the AGM Notice is also available on the website of NSDL (agency for providing the Remote e-Voting facility) i.e. www.evoting.nsdl.com.

The AGM has been convened through VC/OAVM in compliance with applicable provisions of the Companies Act, 2013 read with MCA Circular No. 14/2020 dated April 08, 2020 and MCA Circular No. 17/2020 dated April 13, 2020, MCA Circular No. 20/2020 dated May 05, 2020 and MCA Circular No. 2/2021 dated January 13, 2021.

THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING AND JOINING GENERAL MEETING ARE AS UNDER: -

The remote e-voting period begins on September 15, 2025 at 09:00 A.M. and ends on September 17, 2025 at 05:00 P.M. The remote e-voting module shall be disabled by NSDL for voting thereafter. The Members, whose names appear in the Register of Members / Beneficial Owners as on the record date (cutoff date) i.e . September 11, 2025 may cast their vote electronically. The voting right of shareholders shall be in proportion to their share in the paid-up equity share capital of the Company as on the cut-off date, being September 11, 2025.

- How do I vote electronically using NSDL e Voting system?

The way to vote electronically on NSDL e-Voting system consists of “Two Steps” which are mentioned below:

- Step 1: Access to NSDL e Voting system

A) Login method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode

In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

	Type of shareholders	Login Method
	Individual Shareholders holding securities in demat mode with NSDL.	1. ExistingIDeASuser can visit the e-Services website of NSDL Viz.https://eservices.nsdl.com either on a Personal Computer or on a mobile. On the e-Services home page click on the “Beneficial Owner”icon under“Login”which is available under‘IDeAS’section, this willpromptyou to

M	ANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Email:[email protected], [email protected]

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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enter your existing User ID and Password. After successful authentication, you will be able to see e-Voting services under Value added services. Click on “Access to e-Voting” under e-Voting services and you will be able to see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will be re-directed to e-Voting website of NSDL for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting.

If you are not registered for IDeAS e-Services, option to register is available at https://eservices.nsdl.com. Select “Register Online for IDeAS Portal” or click at https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp
Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section. A new screen will open. You will have to enter your User ID (i.e. your sixteen-digit demat account number hold with NSDL), Password/OTP and a Verification Code as shown on the screen. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e- Voting website of NSDL for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting.
Shareholders/Members can also download NSDL Mobile App “ NSDL Speede ” facility by scanning the QR code mentioned below for seamless voting experience.

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MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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	Individual Shareholders holding securities in demat mode with CDSL	1. Users who have opted for CDSL Easi / Easiest facility, can login through their existing user id and password. Option will be made available to reach e-Voting page without any further authentication. The users to login Easi /Easiest are requested to visit CDSL website www.cdslindia.com and click on login icon & New System Myeasi Tab and then user your existing my easi username & password. 2. After successful login the Easi / Easiest user will be able to see the e-Voting option for eligible companies where the evoting is in progress as per the information provided by company. On clicking the evoting option, the user will be able to see e-Voting page of the e-Voting service provider for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting. Additionally, there is also links provided to access the system of all e-Voting Service Providers, so that the user can visit the e-Voting service providers’ website directly. 3. If the user is not registered for Easi/Easiest, option to register is available at CDSL websitewww.cdslindia.comand click on login & New System Myeasi Tab and then click on registration option. 4. Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN No. from a e- Voting link available onwww.cdslindia.comhome page. The system will authenticate the user by sending OTP on registered Mobile & Email as recorded in the Demat Account. After successful authentication, user will be able to see the e-Voting option where the evoting is in progress and also able to directly access the system of all e-Voting Service Providers.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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	Individual Shareholders (holding securities in demat mode) login through their depository participants	You can also login using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-Voting facility. upon logging in, you will be able to see e- Voting option. Click on e-Voting option, you will be redirected to NSDL/CDSL Depository site after successful authentication, wherein you can see e-Voting feature. Click on company name or e- Voting service provider i.e. NSDL and you will be redirected to e- Voting website of NSDL for casting your vote during the remote e- Voting period or joining virtual meeting & voting during the meeting.

Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

Login type	Helpdesk details
Individual Shareholders holding securities in demat mode with NSDL	Members facing any technical issue in login can contact NSDL helpdesk by sending a request at [email protected] or call at 022 - 4886 7000 and 022 - 2499 7000
Individual Shareholders holding securities in demat mode with CDSL	Members facing any technical issue in login can contact CDSL helpdesk by sending a request at [email protected] contact at toll free no. 1800 22 55 33

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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B) Login Method for e-Voting and joining virtual meeting for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

How to Log-in to NSDL e-Voting website?

Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile.
Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section.
A new screen will open. You will have to enter your User ID, your Password/OTP and a Verification Code as shown on the screen.
Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you log-in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. Cast your vote electronically.
Your User ID details are given below:

5.	Manner of holding shares i.e. Demat (NSDL or CDSL) or Physical	Your User ID is:
	a) For Members who hold shares in demat account with NSDL.	8 Character DP ID followed by 8 Digit Client ID For example if your DP ID is IN300 and Client ID is 12 then your user ID is IN30012**.
	b) For Members who hold shares in demat account with CDSL.	16 Digit Beneficiary ID For example if your Beneficiary ID is 12 then your user ID is 12
	c) For Members holding shares in Physical Form.	EVEN Number followed by Folio Number registered with the company For example if folio number is 001 and EVEN is 101456 then user ID is 101456001
	Password details for shareholders other than Individual shareholders aregiven below:

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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a) If you are already registered for e-Voting, then you can user your existing password to login and cast your vote.
b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the ‘initial password’ which was communicated to you. Once you retrieve your ‘initial password’, you need to enter the ‘initial password’ and the system will force you to change your password.
c) How to retrieve your ‘initial password’?
- (i) If your email ID is registered in your demat account or with the company, your ‘initial password’ is communicated to you on your email ID. Trace the email sent to you from NSDL from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8 digit client ID for NSDL account, last 8 digits of client ID for CDSL account or folio number for shares held in physical form. The .pdf file contains your ‘User ID’ and your ‘initial password’.
- (ii) If your email ID is not registered, please follow steps mentioned below in process for those shareholders whose email ids are not registered.
If you are unable to retrieve or have not received the “ Initial password” or have forgotten your password:
a) Click on “Forgot User Details/Password?”(If you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com.
b) Physical User Reset Password?” (If you are holding shares in physical mode) option available on www.evoting.nsdl.com.
c) If you are still unable to get the password by aforesaid two options, you can send a request at [email protected] mentioning your demat account number/folio number, your PAN, your name and your registered address etc.
d) Members can also use the OTP (One Time Password) based login for casting the votes on the e-Voting system of NSDL.
After entering your password, tick on Agree to “Terms and Conditions” by selecting on the check box.
Now, you will have to click on “Login” button.
After you click on the “Login” button, Home page of e-Voting will open.

- Step 2: Cast your vote electronically and join General Meeting on NSDL e Voting system.

- How to cast your vote electronically and join General Meeting on NSDL e Voting system?

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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After successful login at Step 1, you will be able to see all the companies “EVEN” in which you are holding shares and whose voting cycle and General Meeting is in active status.
Select “EVEN” of company for which you wish to cast your vote during the remote e-Voting period and casting your vote during the General Meeting. For joining virtual meeting, you need to click on “VC/OAVM” link placed under “Join Meeting”.
Now you are ready for e-Voting as the Voting page opens.
Cast your vote by selecting appropriate options i.e. assent or dissent, verify/modify the number of shares for which you wish to cast your vote and click on “Submit” and also “Confirm” when prompted.
Upon confirmation, the message “Vote cast successfully” will be displayed.
You can also take the printout of the votes cast by you by clicking on the print option on the confirmation page.
Once you confirm your vote on the resolution, you will not be allowed to modify your vote.

General Guidelines for shareholders

Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail to [email protected] with a copy marked to [email protected]. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) can also upload their Board Resolution / Power of Attorney / Authority Letter etc. by clicking on "Upload Board Resolution / Authority Letter" displayed under "e-Voting" tab in their login.
It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the “Forgot User Details/Password?” or “Physical User Reset Password?” option available on www.evoting.nsdl.com to reset the password.
In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the download section of www.evoting.nsdl.com

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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or call on.: 022 - 4886 7000 and 022 - 2499 7000 or send a request to Ms. Richa Rastogi at [email protected]

Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of e mail ids for e-voting for the resolutions set out in this notice :

In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self-attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) by email to [email protected]
In case shares are held in demat mode, please provide DPID-CLID (16 digit DPID + CLID or 16 digit beneficiary ID), Name, client master or copy of Consolidated Account statement, PAN (selfattested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) to [email protected] If you are an Individual shareholders holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A ) i.e. Login method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode.
Alternatively, shareholder/members may send a request to [email protected] for procuring user id and password for e-voting by providing above mentioned documents.
In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in order to access e-Voting facility.

THE INSTRUCTIONS FOR MEMBERS FOR e-VOTING ON THE DAY OF THE AGM ARE AS UNDER: -

The procedure for e-Voting on the day of the AGM is same as the instructions mentioned above for remote e-voting.
Only those Members/ shareholders, who will be present in the AGM through VC/OAVM facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting system in the AGM.
Members who have voted through Remote e-Voting will be eligible to attend the AGM. However, they will not be eligible to vote at the AGM.
The details of the person who may be contacted for any grievances connected with the facility for e-Voting on the day of the AGM shall be the same person mentioned for Remote e-voting.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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INSTRUCTIONS FOR MEMBERS FOR ATTENDING THE AGM THROUGH VC/OAVM ARE AS UNDER:

Member will be provided with a facility to attend the AGM through VC/OAVM through the NSDL e-Voting system. Members may access by following the steps mentioned above for Access to NSDL e-Voting system . After successful login, you can see link of “VC/OAVM” placed under “Join meeting” menu against company name. You are requested to click on VC/OAVM link placed under Join Meeting menu. The link for VC/OAVM will be available in Shareholder/Member login where the EVEN of Company will be displayed. Please note that the members who do not have the User ID and Password for e-Voting or have forgotten the User ID and Password may retrieve the same by following the remote e-Voting instructions mentioned in the notice to avoid last minute rush.
Members are encouraged to join the Meeting through Laptops for better experience.
Further Members will be required to allow Camera and use Internet with a good speed to avoid any disturbance during the meeting.
Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop connecting via Mobile Hotspot may experience Audio/Video loss due to Fluctuation in their respective network. It is therefore recommended to use Stable Wi-Fi or LAN Connection to mitigate any kind of aforesaid glitches.
Shareholders who would like to express their views/have questions may send their questions in advance mentioning their name demat account number/folio number, email id, mobile number at [email protected]. The same will be replied by the company suitably.
Shareholders who would like to speak during the meeting must register their request mentioning their name, demat account number/folio number, email id, mobile number and number of shares held as on cut-off date on or before September 11, 2025 with the Company at [email protected] with subject line "REGISTRATION FOR SPEAKER SHAREHOLDER (MENTION FOLIO/DPID CLID)

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Annexure to the Notice-I

PURSUANT TO REGULATION 36 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 AND SECRETARIAL STANDARD 2 ISSUED BY ICSI, INFORMATION ABOUT THE DIRECTOR PROPOSED TO BE REAPPOINTED IS FURNISHED BELOW:

Particulars	Mr. Gopal Zanwar(DIN:09537969)
Date of Birth	24.10.1973
Date of Original Appointment	04.04.2022
Qualifications	Graduate
Expertise in specific functionalareas	Mechanical Engineering, Operations and Business Management
Inter-se relationship between directors and key managerialpersonnel	Mr. Gopal Zanwar and Mr. Kiran Zanwar are Cousin brothers
Directorships held in otherpublic companies (excluding foreign companies and Section8 companies)	-
listed entities from which the person has resigned in the past three years	-
Memberships / Chairmanships of committees of other publiccompanies	-
Details of remuneration sought to be paid	Sitting fees
Number of equity shares heldin the Company	64,05,730

By the order of the Board

For SIZEMASTERS TECHNOLOGY LIMITED

Sd/- Ms. Pooja Gandhi Company Secretary Membership No. ACS 75075 Date: August 22, 2025

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013

ITEM NO.4

As per the provisions of Section 186 of the Companies Act, 2013 (“the Act”) read with the Companies (Meetings of Board and its Powers) Rules, 2014, as amended to date, provide that no Company is permitted to, directly or indirectly,

(a) provide any loan to any person or other body corporate;

(b) give any guarantee or provide security in connection with a loan to any other body corporate or person; and

(c) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, exceeding sixty per cent of its paid-up share capital, free reserves and securities premium account or one hundred per cent of its free reserves and securities premium account, whichever is more.

Further, the said Section provides that where the Company intends to provide a loan or guarantee or any security or the acquisition of securities of anybody corporate as provided under Section 186(2) of the Act, in excess of the limits specified therein, prior approval of Members by means of a special resolution is required.

The Company invests provide loans to its subsidiaries in order to meet the working capital requirement and for its day to day working. It has also invested in some LLPs and is acting as a Designated Partner (Investing Partner). As on 31[st] March, 2025, the aggregate value of Investments, loans and Inter Corporate Deposits made and Guarantees issued by the Company is Rs 3,99,93,000/- (Rupees Three Crore Ninety Nine Lakh Ninety Three Thousand Only) against the current approved limits of Rs. 10,00,00,000/- (Rupees Ten Crore Only).

Considering the above, to capitalize on market opportunities, the approval of the Members is being sought by way of a special resolution authorizing the Board of Directors to lend/invest further sums of monies within an overall limit of Rs. 15,00,00,000/- (Rupees Fifteen Crore only) outstanding at any given point of time.

The relevant resolutions proposed for the Member’s approval are specified collectively at item No.4. The Board of Directors recommend the Special Resolution as set out in item No. 4 of the Notice for the approval of the Shareholders at this meeting.

None of the Directors, Key Managerial Personnel or their relatives are in any way concerned or otherwise interested in this resolution.

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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ITEM NO. 5

As per Section 204 of the Act read with applicable Rules every listed company is required to annex with its Board’s report, a Secretarial Audit Report by a Company Secretary in practice. As per Regulation 24A of SEBI LODR Regulations, 2015 amended vide SEBI LODR (Third Amendment) Regulations, 2024 w.e.f. 13.12.2024 on the basis of recommendation of Board of Directors, a listed entity shall appoint a Secretarial Audit firm as Secretarial Auditor who shall be a Peer Reviewed Company Secretary for not more than two terms of five consecutive years with the approval of its Shareholders in its Annual General Meeting.

The Company does not fall under the threshold as prescribed as per Regulation 15 of SEBI (LODR), 2015. But in order to adopt good corporate governance practice, the company hereby proposes to appoint the Secretarial Auditor as per Regulation 24A of SEBI LODR Regulations, 2015.

The Board of Directors of your Company recommends appointment of M/s. Giriraj A. Mohta & Co., Practicing Company Secretary (COP. No. 18967), Company Secretaries, a reputed firm having good experience as Secretarial Auditor for a term of five years starting from FY 2025-26, at a fee mutually decided by the Board and the Secretarial Auditor. M/s Giriraj A. Mohta & Co has been certified as ‘Peer Reviewed Firm’ by the Institute of Company Secretaries of India. None of the Directors, Key Managerial Personnel and/or their relatives, is/are interested or concerned, financially or otherwise in the resolution except as may be deemed to be concerned or interested in the proposed resolution to the extent of their shareholding in the Company, if any. The Board of Directors of the Company recommends the Resolution(s) as set out in the accompanied Notice for approval of the Shareholders

By the order of the Board

For SIZEMASTERS TECHNOLOGY LIMITED

Sd/-

Ms. Pooja Gandhi Company Secretary Membership No. ACS 75075 Date: August 22, 2025

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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DIRECTORS' REPORT

The Members,

The Directors present the 32[nd] Annual Report together with Audited Financial Statements of the Company for the financial year ended on March 31, 2025.

FINANCIAL HIGHLIGHTS:

The Company’s financial performance for the year under review along with previous year figures is given hereunder: -

	(Amount in Lakhs.)	(Amount in Lakhs.)
Particulars	Financial Year
	2024-25	2023-24
Revenue from Operations	1417.34	1,094.32
Other Income	67.67	67.14
Total Revenue	1485.01	1,161.46
Operating Profit (Before Finance Cost and Depreciation &Amortisation)	360.33	322.16
Less: Finance Cost	2.27	4.07
Profit before Depreciation & Amortisation	358.06	318.09
Less: Depreciation & Amortisation	8.67	6.66
Profit before Exceptional and Extraordinary item and tax	349.39	311.43
Less: Exceptional items	0	0
Profit before Tax	349.39	311.43
Less/(Add): Current Tax	88.0	78.35
Less/(Add): MAT credit Entitlement	0	0
Less/(Add): Deferred Tax Expense/Credit	(0.30)	(0.33)
Less/(Add): Prior period tax Adjustment	0	0
Profit after Tax	261.70	233.41
Earnings per Share: -
(i) Basic	2.71	2.33
(ii) Diluted	2.71	2.33

DIVIDEND:

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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During the period under review, Directors of the Company did not recommend any interim or final dividend on the equity shares.

COMPANY’S PERFORMANCE REVIEW:

The total revenue from operations from such activities and other income for the period under review amounts to INR 1485.01 lakhs as against INR. 1161.46 lakhs in the previous year.

Net profit after Depreciation and taxes has been INR 261.70 lakhs as against INR. 233.41 during the previous year.

Earnings per share for the reporting financial year is INR.2.71 as against INR. 2.33 for the previous year.

The Directors are expecting to provide better performance and results in the upcoming year to the shareholders.

CHANGE IN THE NATURE OF BUSINESS:

There is no change in the nature of the business of the company during the Financial Year 2024 -25.

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY :

During the financial year to which the financial statements relate:

The Company has entered into a LLP named “AURUM TURNKEY SERVICES LLP” as a Designated Partner (Investing Partner) with the main object to carry on the business of Services of Telecom Facilities, Telecom Network Infrastructure, Civil, Electrical, Mechanical & telecom works and other related activities and is yet to commence its business.

Amount of obligated fixed capital contribution: INR. 58,667/-.

Post admission Percentage of Contribution: 55%

Post admission Profit sharing ratio in the LLP: 45%

Further the company has entered into another LLP named “SIZEMASTERS CALIBRATION SERVICES LLP” as a investing partner through contributing in the capital of the LLP whose main object is to carry on in India or elsewhere the business of all types of calibration and engineering services, trading of measuring instruments and gauges.

Amount of obligated fixed capital contribution: INR. 25,500/-.

Post admission Percentage of Contribution: 51%

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Post admission Profit sharing ratio in the LLP: 51%

MAJOR EVENTS THAT OCCURRED DURING THE YEAR:

There was no major event occurred during the year under review.

SHARE CAPITAL:

The Company’s existing authorised equity share capital is INR. 10,50,00,000/- (Indian Rupees Ten Crore and Fifty Lakhs Only) and the paid-up equity share capital is INR. 10,00,00,000/- (Indian Rupees Ten Crore Only)

During the year under review, the Company has not issued any shares with differential voting rights nor granted stock options nor sweat equity.

DEPOSITS FROM PUBLIC:

The Company has not accepted any deposits from public and as such, no amount on account of principal or interest on deposits from public was outstanding as on the date of the balance sheet as per section 73 and 76 of the companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014.

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

During the year under review, the Company has given loans, guarantees in pursuance to Section 186 of the Companies Act, 2013 which includes loans to the subsidiary in order to meet the working capital requirement and for the ordinary course of business. (Refer Note No. 12 of the Financial Statements).

The particulars of investments made by the Company by means of subscription of shares of its subsidiary company in accordance with Section 186 of the Companies Act, 2013 at the close of the financial year are reflected in Note No. 5 of the Financial Statements.

MANAGEMENT DISCUSSION AND ANALYSIS:

As required under Regulation 34 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 (“Listing Regulations”) the Management Discussion and Analysis of the Company for the year under review is presented in a separate section forming the part of the Annual Report is attached here with as Annexure I .

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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RELATED PARTY TRANSACTIONS:

All related party transactions that were entered into during the financial year were on an arm’s length basis and were in the ordinary course of business. There are no materially significant related party transactions made by the company with related parties which may have potential conflict with the interest of the company at large. Your directors draw your attention to notes to the financial statements for detailed related parties’ transactions entered during the year.

Accordingly, as per third proviso to Section 188(1) of the Act, required approvals of the Board or Members / Shareholders has been obtained for such transactions. However, as part of good corporate governance, all related party transactions covered under Section 188 of the Act are approved by the Audit committee.

The FORM AOC- 2 is attached as Annexure - II with this report

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE:

There are no significant and material orders passed by the Regulators/ Courts which would impact the going concern status of the Company and its future operations.

LISTING OF SHARES:

The Equity Shares of the Company are listed with the BSE Ltd. The Company has paid the annual listing fees to the BSE Limited for the year 2024-25.

The Company has been suspended from Calcutta Stock Exchange Limited.

INTERNAL CONTROLS AND THEIR ADEQUACY:

The Company implemented suitable controls to ensure its operational, compliance and reporting objectives. The Company has adequate policies and procedures in place for its current size as well as the future growing needs. These policies and procedures play a pivotal role in the deployment of the internal controls. They are regularly reviewed to ensure both relevance and comprehensiveness and compliance is ingrained into the management review process.

The internal financial controls with reference to the Financial Statements are commensurate with the size and nature of business of the Company. The Internal Audit is processed to design to review the adequacy of internal control checks in the system and covers all significant areas of the Company's operations. The Audit Committee reviews the effectiveness of the Company's internal control system.

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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SHARE TRANSFER SYSTEM:

The request regarding physical share transfers and share certificates should be addressed to Registrar and Transfer Agent. Such requests are processed within stipulated time from the date of receipt provided documents meet the stipulated requirement of statutory provisions in all respect. The share certificates duly endorsed are returned immediately to the shareholder by RTA. The details of transfer and transmission are placed before the Stakeholders Relationship Committee, Share Transfer Committee from time to time and the Board for noting and confirmation.

BOARD OF DIRECTORS, KEY MANAGERIAL PERSONNELS:

(i) Details of Directors or KMP appointed/ re-appointed/ resigned during the financial year.

The Company's Board is duly constituted and is in compliance with the requirements of the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as applicable on the Company and provisions of the Articles of Association of the Company. The Company's Board has been constituted with requisite diversity, wisdom and experience commensurate to the business of the Company.

During the year under review, the changes in composition of Board of Directors and Committees of Board of the Company have taken place and the Directors on the Board have experience in the field of finance, legal, statutory compliance, mechanical engineering and accounts.

None of the Directors are disqualified under the provisions of Companies Act, 2013 and SEBI (LODR) Regulations, 2015 as at March 31, 2025.

The composition of Board of Directors and KPM as on March 31, 2025 are mentioned below:

SR. NO.	NAME	DESIGNATION	DIN/PAN
1.	Gopal Ramcharndra Zanwar	Managing Director	09537969
2.	Kiran Shamsundar Zanwar*	Director (Non-executive Director)	09653402
3.	Rajvirendra Singh Rajpurohit	Independent Director	06770931
4.	Suvarna Shinde**	Independent Women Director	09751614
5.	Shantaram Ankam	Chief Financial Officer	AHJPA9890J
6.	Aishwarya Parwal***	Company Secretary and Compliance Officer	DXAPP9487G

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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*In the 31[st] Annual General Meeting of the company Mr. Kiran Shamsundar Zanwar (Din: 09653402), NonExecutive Director was re- appointed by the approval of the shareholders who was liable to retire by rotation.

**The designation of Ms. Suvarna Shinde (DIN: 09751614) was changed from Additional Independent Director to Independent Director by obtaining the approval of the members of the company.

***Ms. Aishwarya Parwal (Membership No. A67170) has tendered her resignation with effect from August 05, 2025.

(ii) Retirement by rotation

In accordance with the applicable provisions of the Companies Act, 2013 and Articles of Association of the Company, Mr. Kiran Zanwar retires by rotation and is eligible to offer himself for re-appointment.

(iii) Board Meetings

During the Financial year 2024-25, Five (5) Board Meetings were convened and held. The interval between any two meetings was well within the maximum allowed gap of 120 days.

Sr.No	Date of Board Meeting	Board Meeting Attendance
1	May27,2024	4
2	August 14,2024	4
3	October 01,2024	4
4	November 15,2024	4
5	February14,2025	4

INDEPENDENT DIRECTORS:

(i) Declarations by Independent Directors and re-appointment, if any

All Independent Directors have provided declarations that they meet the criteria of independence as laid down under Section 149 (6) of the Companies Act, 2013 and Regulation 16(1) (b) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

(ii) Independent Directors Meeting

During the year under review, the Independent Directors met on and March 26, 2025 to evaluate:

i. the performance of Non-Independent Directors and the Board of Directors as a whole,

ii. the performance of the Chairman of the Company taking into account the views of the executive and non-executive Directors;

iii. the quality, content and timeliness of the flow of information between the management and Board which is necessary for the Board to perform its duties respectively.

All the Independent Directors were present in the meeting.

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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COMMITTEES OF THE BOARD:

Matters of policy and other relevant and significant information are furnished regularly to the Board. To provide better Corporate Governance & transparency, currently, your Board has four (4) Committees viz., Audit Committee, Remuneration & Nomination Committee, Stakeholder Relationship Committee and Shares Transfer Committee to investigate various aspects for which they have been constituted. The Board fixes the terms of reference of Committees and delegate powers from time to time.

AUDIT COMMITTEE:

The Audit Committee comprises of non-executive and Independent Director as its Member. The Chairman of the committee is Independent Director.

During the Financial year 2024-25, four (4) meeting of audit committee held on May 27, 2024, August 14, 2024, November 15, 2024 and February 14, 2025.

The Composition of Audit Committee as on the end of the financial year is given below:

Name of the Director	Status in the Committee	Nature of Directorship
Suvarna Ramchandra Shinde	Chairperson of committee	Non-Executive Independent Woman Director
Rajvirendra Singh Rajpurohit	Member	Non-Executive Independent Director
Kiran Shamsundar Zanwar	Member	Non-Executive Director

(i) Recommendations by the Audit Committee which were not accepted by the Board along with reasons

All the recommendations made by the Audit Committee are accepted and implemented by the Board of Directors.

NOMINATION AND REMUNERATION COMMITTEE:

The Nomination and Remuneration Committee comprises of non-executive and Independent Director as its Member. The Chairman of the committee is Independent Director.

During the Financial year 2024-25, one (1) meeting of nomination and remuneration committee held on February 14, 2025.

The Composition of Nomination and Remuneration Committee as on the end of the financial year is given below:

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Name of the Director	Status in the Committee	Nature of Directorship
Rajvirendra Singh Rajpurohit	Chairperson of committee	Non-Executive Independent Director
Suvarna Ramchandra Shinde	Member	Non-Executive Independent Woman Director
Kiran Shamsundar Zanwar	Member	Non-Executive Director

STAKEHOLDER RELATIONSHIP COMMITTEE:

The stakeholder relationship committee comprises of non-executive and Independent Director as its Member. The Chairman of the Committee is a Non-executive Director.

During the Financial year 2024-25, one (1) meeting of Stakeholder Relationship Committee were held on March 26, 2025.

The Composition of stakeholder relationship committee as on the end of the financial year is given below:

Name of the Director	Status in the Committee	Nature of Directorship
Kiran Shamsundar Zanwar	Chairperson of committee	Non-Executive Director
Rajvirendra Singh Rajpurohit	Member	Non-Executive Independent Director
Suvarna Ramchandra Shinde	Member	Non-Executive Independent Woman Director

SHARE TRANSFER COMMITTEE:

The share transfer committee comprises of Executive, non-executive and Independent Director as its Member. The Chairman of the Committee is an Executive Director.

During the Financial year 2024-25, one (1) meeting of Share Transfer Committee were held on March 26, 2025.

The Composition of share transfer committee as on the end of the financial year is given below:

Name of the Director	Status in the Committee	Nature of Directorship
Gopal Ramchandra Zanwar	Chairperson of committee	Executive Director
Rajvirendra Singh Rajpurohit	Member	Non-Executive Independent Director

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Kiran Shamsundar Zanwar Member Non-Executive Director

COMPANY POLICY ON DIRECTORS’ APPOINTMENT AND REMUNERATION:

The Company has formulated a remuneration policy which provides the manner of selection of Board of Directors, KMP and their remuneration. In case of appointment of independent Directors, the Nomination and Remuneration Committee shall satisfy itself with regard to independent nature of the Directors viz-aviz the company so as to enable the Board to discharge its performance and duties effectively.

The Policy is also available on the website of the company i.e. www.sizemasters.in

Member’s attention is drawn to Financial Statements wherein the disclosure of remuneration paid to Directors is given during the year 2024-25. Details of sitting fees paid to the non-executive directors are disclosed in the financial statements.

STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY:

The provisions of Regulation 21 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are not applicable to the company. However, at present the Company has not identified any element of risk in the Company.

DIRECTORS' RESPONSIBILITY STATEMENT:

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of the section 134(3)(c) of the Companies Act, 2013:

(i) That in the preparation of the annual financial statements for the year ended March 31, 2025 the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;
(ii) That such accounting policies, as mentioned in the Notes to the Financial Statements, have been selected and applied consistently and judgments and estimates have been made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company as at March 31, 2025 and of the profit of the Company for the year ended on that date;
(iii) That proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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(iv) That the annual financial statements have been prepared on a going concern basis;
(v) That proper internal financial controls were in place and that the financial controls were adequate and were operating effectively;
(vi) That proper systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.

ESTABILISHMENT OF VIGIL MECHANISM:

Your Company has framed a Whistle Blower Policy to deal with instances of fraud and mismanagement, if any. The Vigil Mechanism has been available on the website of the Company i.e. www.sizemaster.in

AUDITORS:

STATUTORY AUDITORS:

M/s. G M K S & Co. Chartered Accountants, Pune (Firm Registration No. 139767W) has been appointed as the Statutory Auditor of the company. The tenure of M/s. G M K S & Co. Chartered Accountants, Pune (Firm Registration No. 139767W) as Statutory Auditors of the Company shall be till the conclusion of the 34th AGM.

REVIEW OF AUDITORS REPORT

There were no frauds, qualification, reservation or adverse remark reported by the statutory auditor to the audit committee or the board as per section 143 of the act.

The observations made in the auditor's report read together with relevant notes thereon are self-explanatory and hence do not call for any further comments from the Directors under section 134 (3) (f) of the Companies Act, 2013.

SECRETARIAL AUDITOR :

The Board of directors pursuant to Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, has re-appointed M/s. Giriraj A. Mohta & Co., Practicing Company Secretaries, Pune (C.P. No:18967) as Secretarial Auditor of the Company to conduct the Secretarial Audit as per the provisions of the said Act for the Financial Year 2024-25.

A Secretarial Audit Report for the Financial Year 2024-25 is annexed herewith as Annexure-III in Form MR-3.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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INTERNAL AUDITOR:

The Company has re-appointed Ms. Bharti Jadhav as internal auditors of the company pursuant to section 138 of the Companies Act, 2013 read with Rule 13 of Companies (Accounts) Rules, 2014. The Internal Auditor conducts the internal audit of the functions and operations of the Company and reports to the Audit Committee and Board from time to time.

During the year under review Ms. Bharti Jadhav resigned from the designation of the Internal auditor of the company, with effect from August 14, 2024 and in her replacement Ms. Chitali Sudharkar Shinde was appointed as internal auditors of the company pursuant to section 138 of the Companies Act, 2013 read with Rule 13 of Companies (Accounts) Rules, 2014, with effect from August 14, 2024.

COST AUDIT:

Maintenance of Cost Records and Cost Audit as per Section 148(1) the Companies Act, 2013 read with applicable rules is not applicable to the Company for the Financial Year 2024-25.

SUBSIDIARY, JOINT VENTURES OR ASSSOCIATES COMPANIES:

The consolidated financial statements of the company & its subsidiary which form part of Annual Report have been prepared in accordance with section 129(3) of the Companies Act, 2013. Further, a statement containing the salient features of the Financial Statement of Subsidiary Company in the prescribed format AOC-I is annexed herewith as Annexure - III to this Report. The statement also provides the details of performance and financial position of the Subsidiary Company.

COMPLIANCE WITH THE CODE OF CONDUCT OF BOARD OF DIRECTORS:

The Board of Directors of the Company have complied with the Company's Code of Conduct applicable to Board of Directors.

DETAIL OF FAMILIARIZATION PROGRAMME OF THE INDEPENDENT DIRECTORS:

During the year under review one familiarization Programme was conducted for the independent Directors of the Company. The details are available at http://mewatzinc.com/data/documents/Code-of-Conduct-forBoard-Members-and-Senior-Management.pdf

CORPORATE GOVERNANCE REPORT:

As per regulation 15(2) of the Listing Regulation, the Compliance with the Corporate Governance provisions shall not apply in respect of the following class of the Companies:

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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a. Listed entity having paid up equity share capital not exceeding Rs. 10 Crore and Net worth not exceeding Rs. 25 Crore, as on the last day of the previous financial year;

b. Listed entity which has listed its specified securities on the SME Exchange.

Since, our Company falls in the ambit of aforesaid exemption (a); hence compliance with the provisions of Corporate Governance shall not apply to the Company and it does not form the part of the Annual Report for the financial year 2024-25.

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO:

Information in accordance with the provisions of Section 134(3) (m) of the Companies Act, 2013, read with Rule 8 of the Companies (Accounts) Rules, 2014, regarding conservation of energy, technology absorption and foreign exchange earnings and outgo are under:

Sr. No.	Particulars	Particulars	Comments
(A)	Conservation of energy
(i)	the steps taken or impact on conservation of energy;		Energy conservation is very important for the company and therefore, energy conservation measures are undertaken wherever practicable in its plant and attached facilities. The Company is making every effort ensure the optimal use of energy, avoid waste and conserve energy by using energy efficient equipment’s with latest technologies. Impact on conservation of energy was that the electricityload expenses reduced.
(ii)	the steps taken by the Company for utilizing alternate sources of energy;		Nil
(iii)	the capital investment on energy conservation equipment		Nil
(B)	Technology absorption
(i)	the efforts made towards technology absorption		Company firmly believes that adoption and use of technology is a fundamental business requirement for carrying out business effectively and efficiently. While the industry is labour intensive, we believe that mechanization of development through technological innovations is the way to address the huge demand supply gapin the industry.
MANUFA	CTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI		GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & UGES
		RELATION GA

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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		We are constantly upgrading our technology to reduce costs and achieve economies of scale.	We are constantly upgrading our technology to reduce costs and achieve economies of scale.
(ii)	the benefits derived like product improvement, cost reduction, product development or import substitution;	Nil
(iii)	in case of imported technology (imported during the last three years reckoned from the beginningof the financialyear:	Nil
	(a)the details of technologyimported	Nil
	(b)theyear of import	Nil
	(c) whether the technology been fully absorbed	Nil
	(d) if not fully absorbed, areas where absorption has not taken place, and the reasons thereof;and	Nil
(iv)	the expenditure incurred on Research and Development	Nil
(C)	Foreign exchange earnings and Outgo	Inflow (Rs. In Lakhs)	Outflow (Rs. In Lakhs)
	The Foreign Exchange earned in terms of actual inflows during the year and the Foreign Exchange outgo during the year in terms of actual outflows	0	0

ANNUAL RETURN:

Pursuant to the requirement under section 134(3)(a) and 92(3) of the Companies Act, 2013 (‘the Act’), the Annual Return as on March 31, 2025 will be available on the Company’s website on www.sizemasters.in after AGM.

SEBI COMPLAINTS REDRESS SYSTEM (SCORES):

The investor complaints are processed in a centralized web-based complaints redress system. The salient features of this system are centralized database of all complaints, online upload of Action Taken Reports (ATRs) by the concerned companies and online viewing by investors of actions taken on the complaint and its current status. Your Company has been registered on SCORES and makes every effort to resolve all investor complaints received through SCORES or otherwise within the statutory time limit from the receipt of the complaint. The Company has not received any complaint on the SCORES during financial year 202425.

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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During the year under review the company has not received any complaint as per the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

PARTICULARS OF EMPLOYEES:

The provisions of Section 197 read with rule 5(2) & (3) of the Companies (Appointment & Remuneration of Managerial Personnel) Rules, 2014 requiring particulars of the employees to be disclosed in the Report of Board of Directors are not applicable to the Company as none of the employees was in receipt of remuneration in excess of Rs.1.20 Crore per year during the financial year 2024-25.

SECRETARIAL STANDARDS:

The directors state that the applicable secretarial standards, i.e. SS-1 and SS-2 relating to "Meetings of Board of Directors and General Meetings", respectively have been duly followed by the Company.

CORPORATE SOCIAL RESPONSIBILITY:

At present the provisions are not applicable to the company. As and when these provisions become applicable, necessary steps will be taken to comply with the same.

THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 AND THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR:

During the year under review this provision is not applicable on our Company.

THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE-TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

During the year under review this provision is not applicable on our Company.

STATEMENT OF DEVIATION(S) OR VARIATION:

As per the report submitted to the Bombay Stock Exchange on May 28, 2025 there is no deviation or variations observed in the utilisation of funds raised.

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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ACKNOWLEDGEMENT:

The Directors of the Company wish to thank all the concerned agencies, bankers and the employees for the co-operation, assistance and support. The Directors also duly acknowledge the trust and confidence the shareholders and investors have reposed in the Company.

By the order of the Board For SIZEMASTERS TECHNOLOGY LIMITED

Sd/GOPAL ZANWAR CHAIRMAN & MANAGING DIRECTOR DIN: 09537969

Date: August 12, 2025 Place: Pune

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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ANNEXURE-I

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The Management Discussion and Analysis Report of the company for the financial year ended on March 31, 2025 is as under:

(a) Industry Structure and Development

The Company is in the business of manufacturing, sales and distribution of various types of gauges such as thread gauges, thread ring and Plug gauges, Setting Plug gauges, adjustable ring gauges, API gauges, taper thread plug gauges, special gauges, fixtures, multi gauging, electronic gauging, measuring instruments used in Oil and Gas industry, all tools such as dial gauges and accessories.

The Company has obtained ISO 9001: 2015 Certificate which provides that the management system is in accordance to the TUV India procedures.

Further, the Company has obtained Certificate of Authority from The American Petroleum Institute to use the official API Monogram on the manufactured products.

During the current financial year, the company has made turnover of Rs. 1417.34 lakhs.

(b) Opportunities and Strength

We are envisaging huge growth in the manufacturing and distribution sector in the new line of business. The Company is in transit to successfully spreading its reach in various parts of the country where it is being less represented. We are exploring the possibility of manufacturing the various types of gauges with the help of technically advanced machineries.

Further, the Company has expanded its business in collaboration with other body corporates engaged in the line of infrastructure and development of telecom network sector and calibration and engineering services, trading of measuring instruments and gauges.

(c) Segment-Wise and Product-Wise Performance

The Company is engaged in the business of manufacturing, sales and distribution of precision gauges, thread gauges, API gauges, special gauges, fixtures, multi gauging, electronic gauging, measuring instruments used in Oil and Gas industry, all tools such as dial gauges and accessories. As the company is primarily engaged in the activities of Manufacturing and Trading, all activities are related to one segment and there is no other segment as per the Ind AS 108 “Operating Segments”.

The Company has involved its business in the production of various types of gauges and tools and have managed to obtain the valid affiliations from different departments which are in accordance to its standards.

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Company’s lab is approved by the National Accreditation Board for Laboratories (NABL) according to ISO/IEC 17025:2017.

(d) Outlook

Within this dynamic environment, the company is continuously working on to provide assured quality products and best in class services to our customers. Our technicians are trained well in advance to deliver the new product offerings as per the requirement of each distinct project.

(e) Risk and Concerns

The major risk associated with respect to our business is that:

i). The Company depends on the expertise of our senior management and skilled employees the results of operations may be adversely affected by the departure of our senior management and experienced employees.

ii). Changes in technology may render our current technologies obsolete or require us to make substantial capital investments in order to cope with the continuous technical advancements.

iii). Recent collaborations of the company with other body corporates comes with risk of dependency of the company on such body corporates in their respective line of business.

The Directors of the Company identify, monitor and discuss on the steps to be taken in order to minimize the risk and also to identify the business opportunities on regular basis.

(f) Internal Control Systems and its Adequacy

The internal control systems for safeguarding and protecting assets of the Company against loss from unauthorized use or disposition are in place. The Internal Audit is processed to design to review the adequacy of internal control checks in the system and covers all significant areas of the Company's operations.

Regular internal audits, review by management and documented policies, guidelines and procedures supplement the internal controls which are designed to ensure that financial and other records are reliable for preparing financial information and other data and for maintaining accountability of assets. The Audit Committee reviews the effectiveness of the Company's internal control system.

(g) Discussion on Financial Performance with respect to Operational Performance

The total revenue from operations from such activities and other income for the period under review amounts to INR. 1485.01 lakhs as against INR. 1161.46 lakhs in the previous year.

Net profit after Depreciation and taxes has been INR. 261.70 lakhs as against INR. 233.41 lakhs during the previous year.

Earnings per share for the reporting financial year is INR. 2.71 as against INR. 2.33 for the previous year.

The Directors are expecting to provide better performance and results in the upcoming year to the shareholders.

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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(h) Material Development in Human Resources/ Industrial Relations

The Company recognised the significance of Human Resources as one of the most important ingredients to fuel future growth and progress of the organization. Company's focus on promoting wellbeing of its employees, providing safe and congenial work environment continues. Training of employees to maintain high level of motivation is an ongoing process. The company’s strong focus is on employee development, providing a satisfying work environment, performance appraisal and counselling and appropriate empowerment.

Career development opportunities are provided at all levels and across all functions. Industrial relations at all the units remained cordial during the year

(i) Details of Significant Changes in key financial ratios:

Ratios	2024-25	2023-24	Variance	Reason for variance
Current ratio	2.57	3.27	-21%	-
Debt-Equity ratio	0.14	0.20	-32%	Repayment of Short-term borrowing has improved the ratio
Debt service coverage ratio	1.41	1.09	29%	Repayment of Short-term borrowing has improved the ratio
Return on Equity Ratio	0.20	0.21	-9%	-
Inventory turnover ratio	1.64	1.42	16%	-
Trade Receivables turnover ratio	4.52	4.33	4%	-
Trade payables turnover ratio	1.98	3.90	-49%	Increase in manufacturing and trading activity which leads to increase in purchases during the year
Net capital turnover ratio	1.24	0.93	34%	Increase in revenue from operations and also increase in current assets & current Liablities
Net profit ratio	0.18	0.21	-13%	-
Return on Capital employed	0.21	0.22	-3%	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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0.09 Return on investment 0.10 -8% -

(j) Disclosure of Accounting Treatment:

The Company has followed all the treatments in the Financial Statements as per the prescribed Accounting Standard: our company has followed all required accounting standards also disclosed significant accounting policy. Financial statements include balance sheet, profit and loss, cash flow statement with schedules/Notes.

(k) Cautionary Statement

The Statements in the "Management Discussion and Analysis Report" describe the Company's objectives, estimates and expectations, which may be a forward-looking statement within the meaning of applicable laws, rules and regulations. The actual results may differ from those expressed or implied, depending upon the economic conditions and policies of the Government. Important factors that could make a difference to your Company's operations include competitive actions, disruptions caused by pandemic and natural calamities, changes in Government regulations, tax regimes, economic developments in India and other incidental factors.

By the order of the Board For SIZEMASTERS TECHNOLOGY LIMITED

Sd/GOPAL ZANWAR CHAIRMAN & MANAGING DIRECTOR DIN: 09537969 Date: August 12, 2025 Place: Pune

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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ANNEXURE-II

FORM NO. AOC-2

(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014

Form for Disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub section (1) of section 188 of the Companies Act, 2013 including certain arm’s length transaction under third proviso thereto.

1. Details of contracts or arrangements or transactions not at Arm’s length basis:

All contracts/arrangements entered into by the Company with related parties referred to in sub-section (1) of Section 188 of the Companies Act, 2013 are at arm’s length basis.

2. Details of material contracts or arrangement or transactions at arm’s length basis:

All the transactions were entered by the Company in ordinary course of business and were in arm's length basis:

(a) Name(s) of the related party and nature of relationship	(b) Nature of contracts / arrangements / transactions	(c) Duration of contracts / arrangements / transactions	(d) Salient terms of the contracts or arrangements or transactions including the value, if any
Size Masters Calibration Services (Partnership firm of Mr. Gopal Zanwar and Mr. Kiran Zanwar (Promoters)	Sales of goods or services	On-going	In normal course of business & in line with Market Parameters Rs. 96,108.00
	Purchases of goods or services	On-going	In normal course of business & in line with Market Parameters Rs. 70,800.00
M/s. Size Masters Inc. (sole proprietorship owned by Ms. Shanta Zanwar, mother of the Managing Director	Purchase of goods or services	On-going	In normal course of business & in line with Market Parameters Rs. 88,856.00
Size Master Guages & Tools (Sole Proprietorship firm of MD),	Sales of goods or services	On-going	In normal course of business & in line with Market Parameters Rs. 50,409.80
	Purchases of goods or services	On-going	In normal course of business & in line with Market Parameters Rs. 84,76,757.98

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

M/s. Size Masters Multi Gauging and Tools (Partnership firm of Mr. Mayur Zanwar, Promoter of the Company and Mrs. Sonali Zanwar, Wife of Managing Director)	Purchases of goods or services	On-going	In normal course of business & in line with Market Parameters Rs. 14,98,106.00
	Sales of goods or services	On-going	In normal course of business & in line with Market Parameters Rs. 8,97,190.40

By the order of the Board For SIZEMASTERS TECHNOLOGY LIMITED (Formerly known as MEWAT ZINC LIMITED)

Sd/GOPAL ZANWAR CHAIRMAN & MANAGING DIRECTOR DIN: 09537969

Date: August 12, 2025 Place: Pune

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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FORM NO. AOC-1

(Pursuant to first proviso to sub-section (3) of Section 129 read with Rule 5 of Companies (Accounts) Rules, 2014

Statement containing salient features of the financial statement of subsidiary/associate company

(figures in lakhs)

Name of the Subsidiary Company	Reporting Currency	Exchange Rate as on 31st March, 2024	Capital	Reserves	Total Assets	Total Liabilities	Investment	Turnover	Profit/ (Loss) Before Tax	Provision For Tax	Profit (Loss)	Proposed Dividend	% of holding
Proto D Technology Private Limited	INR	-	1.00	(79.49)	1093.39	1093.39	-	-	(4.10)	(0.46)	(3.64)	-	51.00%
Aurum Turnkey Services LLP	INR	-	283.55	(33.50)	393.09	393.09	-	172.91	(33.50)	-	(33.50)	-	55.00%
Sizemaster Calibration Services LLP	INR	-	23.16	8.83	108.98	108.98	-	155.31	13.70	4.86	8.84	-	51.00%

By the order of the Board For SIZEMASTERS TECHNOLOGY LIMITED

Sd/GOPAL ZANWAR CHAIRMAN & MANAGING DIRECTOR DIN: 09537969

Date: August 12, 2025 Place: Pune

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

40 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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ANNEXURE-IV

FORM NO. MR-3 SECRETARIAL AUDIT REPORT FOR THE FINANCIAL YEAR ENDED ON 31[ST ] MARCH, 2025

Pursuant to section 204 (1) of the Companies Act, 2013 read with Rule No.9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014]

To, The Members Sizemasters Technology Limited,

Final Plot 123, Ramtekdi Industrial Estate, Hadapsar, Pune, Hadpsar I.E., Pune, Pune City, Maharashtra, India, 411013

I have conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Sizemasters Technology Limited (hereinafter called "the Company"). The secretarial audit was conducted in a manner that provided me a reasonable basis for evaluating the corporate conducts/ statutory compliances and expressing my opinion thereon.

Auditor’s Responsibility:

My responsibility is to express an opinion on the compliance of the applicable laws and maintenance of records based on audit. I have conducted the audit in accordance with the applicable Auditing Standards issued by The Institute of Company Secretaries of India. The Auditing Standards requires that the Auditor shall comply with statutory and regulatory requirements and plan and perform the audit to obtain reasonable assurance about compliance with applicable laws and maintenance of records.

Due to the inherent limitations of audit including internal, financials and operating controls, there is an unavoidable risk that some material misstatements or material non-compliances may not be detected, even though the audit is properly planned and performed in accordance with the Standards.

I further report that:

Based on my verification of the Company’s books, papers, minute books, forms and returns filed and other records maintained by the company and also the information provided by the company, its officers, agents and authorised representatives during the conduct of secretarial audit, I hereby report that in my opinion, the company has, during the audit period covering the financial year ended on March 31, 2025 complied with the statutory provisions listed hereunder and also that the company has proper Board - Processes and compliance-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:-

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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I have examined the books, papers, minute books, forms and returns filed and other records maintained by Sizemasters Technology Limited (hereinafter called "the Company") for the financial year ended on March 31, 2025 according to the provisions of: -
(i) The Companies Act, 2013(the Act)and rules made thereunder;
(ii) The Securities Contracts (Regulation) Act,1956 ('SCRA') and the rules made thereunder;
(iii) The Depositories Act, 1996 and the Regulations and bye-laws framed thereunder;
(iv) The Foreign Exchange Management Act, 1999 and the Rules and Regulations made thereunder to the extent of Foreign Direct Investment, Overseas Direct Investment, and External Commercial Borrowings. (Not applicable to the Company during the Financial Year 2024-25);
(v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 ('SEBI Act'):-
- a) The Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015;
- b) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
- c) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
- d) The Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 (to the extent applicable);
- e) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (to the extent applicable);
Provisions of the following Regulations and guidelines prescribed under the Securities and Exchange Board of India Act, 1992 were not applicable to the Company under the financial year 2024-25:
a) The Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021;
b) The Securities and Exchange Board of India (Issue and Listing of Non- Convertible Securities) Regulations, 2021;
c) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client;
d) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009; and
e) The Securities and Exchange Board of India (Buy back of Securities) Regulations, 2018;
Company has complied with all the applicable laws during the period under review including Sexual Harassment of Women at Workplace (Prevention and Prohibition and Redressal) Act, 2013, other laws as applicable specifically to the Company;

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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I have also examined the compliance with respect to the applicable clauses of the following:
(i) Secretarial Standards issued by the Institute of Company Secretaries of India
(ii) The Listing Agreements entered into by the Company with BSE Limited.

During the period under review the Company has generally complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above subject to the following observations:

The Company had delayed in submission of unaudited standalone and consolidated financial results under regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR”), for the quarter ended September 30, 2024 by one day and the SOP has been paid by the company for the same.

I further report that

The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The Changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act;

Adequate notice is given to all Directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance (except in case where meetings were convened at shorter notice for which necessary approvals obtained as per applicable provisions), and a system exists for seeking and obtaining further information and clarification on the agenda items before the meeting and for meaningful participation at the meeting.

As per the minutes of the Board Meetings duly recorded and signed by the Chairman, the decisions at the Meetings were unanimous and no dissenting views have been recorded.

I further report that; as represented by the Company and relied upon by us, there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

There were no amendment/ modification of the Memorandum and Articles of Association of the Company during the period under review.

I further report that during the audit period; the following instances took place which was in compliance with the applicable laws:-

(i) The Company had invested in Sizemasters Calibration Services LLP pursuant to Section 186 of the

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Companies Act, 2013 and hold 5l% of the total capital contribution of the LLP.

(ii) The Company had invested in Aurum Turnkey Services LLP pursuant to Section 186 of the Companies Act, 2013 and hold 55% of the total capital contribution of the LLP.
(iii) Major decisions taken by the members in pursuant to section 180 of the Companies Act, 2013.

I further report that the compliance by the Company of applicable fiscal laws, such as direct and indirect tax laws, has not been reviewed in this audit since the same have been subject to review by the statutory auditors.

I further report that, during the audit period, there were no other specific events/ actions in pursuance of the above referred laws, rules, regulations, guidelines, etc. having a major bearing on the Company’s affairs in pursuance of the above referred laws, rules etc.

For GIRIRAJ A. MOHTA & CO. PRACTISING COMPANY SECRETARY Proprietor ACS NO. 50038, C.P. NO. 18967 ICSI – Peer Review Certificate No.: 3220/2023 ICSI-UDIN: A050038G001048057 ICSI- Unique Identification No.: S2023MH911300

Date: August 12, 2025 Place: Pune

Note: This report is to be read with my letter of even date which is annexed as an "Annexure-A" and forms an integral part of this report.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Annexure-A”

To, The Members,

Sizemasters Technology Limited,

Final Plot 123, Ramtekdi Industrial Estate, Hadapsar, Pune, Maharashtra, India, 411013

I report that: -

a) Maintenance of secretarial records is the responsibility of the management of the Company. My responsibility is to express an opinion on the secretarial records based on my audit.
b) I have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the secretarial records. The verification was done on test basis to ensure that correct facts are reflected in secretarial records. I believe that the processes and practices, I followed provide reasonable basis for my opinion.
c) I have not verified the correctness and appropriateness of the financial statements of the Company.
d) I have obtained the management representation about the compliance of laws, rules and regulations, wherever required.
e) The compliance of the provisions of the corporate and other applicable laws, rules, regulations, standards is the responsibility of the management. My examination was limited to the verification of procedures on a random test basis.
f) The Secretarial Audit report is neither an assurance as to the future viability of the company nor of the efficacy or effectiveness with which the management has conducted the affairs of the Company.

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

“Annexure - A’’ to the Board Report

CERTIFICATION BY CHAIRMAN AND MANAGIN DIRECTOR (CMD) AND CHIEF FINANCIAL OFFICER (CFO) THE BOARD

(UNDER REGULATION 17(8) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015)

We, Mr. Gopal Zanwar, Chairman and Managing Director and Mr. Shantaram Ankam, Chief Financial Officer of Sizemasters Technology Limited, certify that:

We have reviewed the financial statements and the cash flow statement for the year and that to the best of our knowledge and belief:
a) These statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading;
b) These statements together present a true and fair view of the state of affairs of the company and are in compliance with existing accounting standards, applicable laws and regulations.
There are, to the best of our knowledge and belief, no transactions entered into by the company during the year which are fraudulent, illegal or violate of the company’s code of conduct.
We accept overall responsibility for establishing and maintaining internal control for financial reporting. This is monitored by the internal audit function, which encompasses the examination and evaluation of the adequacy and effectiveness, of internal control. The internal auditor works with all levels of management and statutory auditors and reports significant issues to the audit committee of the Board. The auditors and audit committee are appraised of any corrective action taken with regard to significant deficiencies in the design or operation of internal controls.
We indicate to the auditors and to the audit committee:
a) Significant changes in internal control over financial reporting during the year;
b) Significant changes in accounting policies during the year; and that the same have been disclosed in the notes to the financial statements; and
c) Instances of significant fraud of which we have become aware of and which involve management or other employees having significant role in the company’s internal control system and financial reporting. However, during the year there was no such instance.

Sd/Sd/- Gopal Zanwar Shantaram Place : Pune Chairman & Managing Ankam Director Chief Financial Date : M a y 2 8 , 2 0 2 5 (DIN : 09537969) Officer

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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INDEPENDENT AUDITOR’S REPORT

To The Members of Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd), Pune

Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the accompanying standalone financial statements of Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd) (the “Company”), which comprise the Balance Sheet as at March 31, 2025, the Statement of Profit and Loss (including Other Comprehensive Income), Statement of Changes in Equity, and the Statement of Cash Flows for the year then ended and notes to the standalone financial statements, including a summary of the material accounting policies and other explanatory information (hereinafter referred to as “the standalone financial statements”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity the Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”) and other accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2025 and its profit and other comprehensive income, changes in equity and cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the standards on auditing as specified under section 143 (10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s responsibilities for the Audit of the Standalone financial statements section of our report. We are independent of the Company in accordance with the code of ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial statements.

Key Audit Matters

Key Audit Matters (KAM) are those matters that, in our professional judgment, were of most significance in our audit of the standalone financial statements for the financial year ended March 31, 2025. These matters were addressed in the context of our audit of the standalone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. For each matter below, our description of how our audit addressed the matter is provided in that context.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Sr. Key Audit Matters No.

How our audit addressed the key audit matter

1. Inventories

Audit Procedures Performed

Inventory represents 20.49% of total assets of the Company as at March 31, 2025. Correctness, completeness and valuation are critical for reflecting true and fair financial results of operations.

Our audit response in respect of testing the existence of inventories consisted of following procedures:

Procedures to test the existence of inventories consisted of testing the relevant internal controls, including in specific the testing of the inventory physical verification process that is performed annually by management

Considering the relative significance of the Inventory to the standalone financial statements, we have considered the existence and allowance for inventory obsolescence of inventory as key audit matter

We observed the physical verification of Inventory conducted by management Our procedures in this regard included:
Observing compliance of stock count instructions by management personnel; observing steps taken by management to ascertain the existence inventory on the date of the count (including identification of nonmoving, obsolete / damaged inventory);
Performing independent inventory counts on sample basis and reconciling the same to the management counts (wherever applicable);
On a sample basis, testing the reconciliation of the differences in inventory quantity between the physical count and the books of accounts, including accounting of such variances.

Information Other than the Standalone financial statements and Auditor’s Report Thereon

The Company’s management and Board of Directors are responsible for the other information. The other information comprises the information included in Management Discussion and Analysis, Report of the Directors, Boards Report including Annexure to Boards Reports, Business Responsibility Report, Corporate Governance and Shareholders information, the Overview of Financial Performance, and Report on Risk Management (collectively referred as “other information”) but does not include the Standalone financial statements and our auditor’s report thereon.

Our opinion on the standalone financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the standalone financial statements, our responsibility is to read the other information and, in doing so, consider whether such other information is materially inconsistent with the standalone financial statements or our knowledge obtained during the course of the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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material misstatement of this other information; we are required to report that fact. We have nothing to report in this regard.

Responsibilities of Management for the Ind AS Standalone financial statements

The Company’s management and Board of Directors are responsible for the matters stated in sub-section 5 of Section 134 of the Act with respect to the preparation of these standalone financial statements that give a true and fair view of the financial position, financial performance (including other comprehensive income), changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under Section 133 of the Act, read with the Companies (Indian accounting standards) Rules 2015, as amended from time to time. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities, selection and application of appropriate accounting policies, making judgments and estimates that are reasonable and prudent, and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibility for the Audit of the Standalone financial statements

Our objectives are to obtain reasonable assurance about whether the standalone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls system in place and the operating effectiveness of such controls.

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and Board of Directors.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial statements, including the disclosures, and whether the standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the standalone financial statements for the financial year ended March 31, 2025 and are therefore the key audit matters.

We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor’s Report) Order, 2020 (the “Order”), issued by the Central Government of India in terms of Section 143(11) of The Act, we enclose in the ‘Annexure A’, a statement on the matters specified in paragraphs 3 and 4 of the Order.
(A) As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.
b) In our opinion, proper books of accounts as required by law have been kept by the Company so far as it appears from our examination of those books except for the matters stated in paragraph 2. (B)(vi) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 (as amended).

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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c) The Balance Sheet, the Statement of Profit and Loss (including other comprehensive income), Statement of Changes in Equity and the Statement of Cash Flows dealt with by this Report are in agreement with the books of account.
d) In our opinion, the aforesaid standalone financial statements comply with Ind AS specified under Section 133 of the Act.
e) On the basis of the written representations received from the Directors of the Company as on March 31, 2025, taken on record by the Board of Directors of the Company, none of the Directors of the Company are disqualified as on March 31, 2025 from being appointed as a Director in terms of Section 164 (2) of the Act.
f) With respect to the adequacy of the internal controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate report in ‘Annexure B’, Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Company’s Internal Financial Controls over financial reporting.
(B) With respect to the other matters to be included in the Auditors’ Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company has disclosed the impact of pending litigations on its financial position in its standalone financial statements as of March 31, 2025 (Refer note 35.1 of standalone financial statements);
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
iii. There is no amount to be transferred, to the investor Education and Protection Fund by the Company
iv. a) The Management has represented that, to the best of its knowledge and belief, no funds (which are material either individually or in the aggregate) have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entity (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

b) The Management has represented, that, to the best of its knowledge and belief, no funds (which are material either individually or in the aggregate) have been received by the Company from any person or entity, including foreign entity (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, 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 on behalf of the Ultimate Beneficiaries;

c) Based on the audit procedures that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement.

v. As stated in Note 52 to the standalone financial statements
(a) The Company has not proposed, declared or paid the Dividend during the year ended March 31, 2025.
vi. The reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 is applicable from 1 April 2024, based on our examination which included test checks, except for the instances mentioned below, the Company has used accounting software for maintaining its books of account, which have a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further, during course of audit we did not come across any instances of audit trail features being tempered with, other than of exception given below:
- The feature of recording audit trail (edit log) facility was not enabled for maintenance of Property Plant and Equipment records and for Payroll records throughout the year ended March 31, 2025
(C) With respect to the matter to be included in the Auditors’ Report under Section 197(16) of the Act:

In our opinion and according to the information and explanations given to us, the remuneration paid by the Company to its directors during the current year is in accordance with the provisions of Section 197 of the Act.

For GMKS & Co., Chartered Accountants Firm Registration Number – 139767W

Maya Joshi Partner Membership No. 144117 Place: Pune Date: May 28, 2025 UDIN: 25144117BMKRPV5173

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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ANNEXURE A TO THE INDEPENDENT AUDITOR’S REPORT

(REFERRED TO IN PARAGRAPH 1 UNDER THE HEADING “REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS” OF OUR REPORT TO THE MEMBERS OF SIZEMASTERS TECHNOLOGY LIMITED (FORMERLY KNOWN AS MEWAT ZINC LTD) OF EVEN DATE)

(i) (a) (A) The Company has maintained proper records showing full particulars, including quantitative details and situation of the Property, Plant and Equipment and rights of use assets.
(B) The Company has no intangible assets record.
(b) As explained to us, the Property, Plant and Equipment were physically verified during the year by the Management in accordance with a phased programme of verification adopted by the Company which, in our opinion is reasonable having regard to size of the Company and nature of its business. According to the information and explanations given to us, no material discrepancies were noticed on such verification.
(c) The Company is not having any immovable properties, hence reporting under clause 3(i)(c) of the Order is not applicable to the Company. However, Properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee.
(d) The Company has not revalued its Property, Plant and Equipment and Right of Use assets or intangible assets during the year.
(e) No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder. Accordingly, reporting under clause 3(i)(e) of the Order is not applicable to the Company.
(ii) (a) The inventories have been physically verified by the Management during the year. In our opinion, the frequency and coverage of & procedure adopted for such verification is reasonable. The Company has maintained proper records of inventory.
(b) The Company has not been sanctioned working capital exceeding Rs.5 Crore in aggregate from banks on the basis of security of current assets, and hence reporting under clause 3(ii)(b) of the Order is not applicable.
(iii) According to the information and explanations given to us and on the basis of our examination of the records of the Company, During the year the Company has made investment in Subsidiary and provided unsecured loans to its subsidiary in respect of which the requisite information is as below –
(a) Based on the audit procedures carried on by us and as per the information and explanations given to us, the Company has provided loan to subsidiary as below:

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Particulars	Loans (Amount in Rs. Lakhs)
Aggregate Amount of Loan Provided during the year - Subsidiary	0.00
Balance outstanding as at Balance sheet date - Subsidiary	85.15

(b) According to the information and explanations given to us and based on the audit procedures conducted by us, in our opinion the terms and conditions of the grant of unsecured loans and investment made by the Company during the year are, prima facie, not prejudicial to the interest of the Company.

(c) According to the information and explanations given to us and on the basis of our examination of the records of the Company, in the case of unsecured loans given, in our opinion the repayment of principal and payment of interest has been stipulated and the repayments or receipts have been regular.

(d) According to the information and explanations given to us and on the basis of our examination of the records of the Company, there is no overdue amount for more than ninety days in respect of secured and unsecured loans given. (e) According to the information and explanations given to us and on the basis of our examination of the records of the Company, there is no loan granted falling due during the year, which has been renewed or extended or fresh loans granted to settle the overdues of existing loans given to same parties.

(iv) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has not provided any guarantee or security as specified under Section 185 and 186 of the Companies Act, 2013 (‘the Act’). In respect of the investments made and loans given by the Company, in our opinion the provisions of Section 185 and 186 of the Act have been complied with.
(v) The Company has not accepted any deposits from the public within the meaning of the directives issued by the Reserve Bank of India, provisions of Section 73 to 76 of the Act, any other relevant provisions of the Act and the relevant rules framed thereunder.
(vi) We have broadly reviewed books of accounts maintained by the Company pursuant to the rules made by the Central Government for maintenance of cost records u/s 148(1) of the Companies Act, 2013 and are of the opinion that prima facie the prescribed records have been made and maintained. We have however, not made a detailed examination of records with a view to determine whether they are accurate or complete.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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(vii) In respect of Statutory Dues:
(a) According to the information and explanations given to us and on the basis of our examination of the records of the Company, amounts deducted / accrued in the books of account in respect of undisputed statutory dues including Goods and Service Taxes, Provident Fund, Employees’ State Insurance, Income-tax, Sales Tax, Service Tax, Duty of Customs, Duty of Excise, Value Added Tax, Cess and other material statutory dues have generally been regularly deposited during the year by the Company with the appropriate authorities. Further, no undisputed amounts payable in respect thereof were outstanding at the year-end for a period of more than six months from the date they became payable.
(b) According to the information and explanations given to us there are no dues of Income Tax, Provident Fund, Employees’ State Insurance, Sales Tax, Value Added Tax, Goods and Service Tax, Service Tax, Customs Duty, Excise Duty, Cess and other material statutory dues which have not been deposited with the appropriate authorities on account of any dispute.
(viii) According to the information and explanations provided to us, there were no transaction relating to previously unrecorded income that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).
(ix) (a) According to the information and explanations provided to us, the Company has not defaulted in repayment of its loans or borrowings or in the payment of interest thereon to any lender.

(b) According to the information and explanations given to us including representation received from the management of the Company, and on the basis of our audit procedures, we report that the Company has not been declared a wilful defaulter by any bank or financial institution or other lender.

(d) In our opinion and according to the information and explanations given to us, and on an overall examination of the standalone financial statements of the Company, funds raised by the Company on short term basis have not been utilised for long term purposes.

(e) The Company did not have any subsidiaries, associates or joint ventures, accordingly reporting under clause 3(ix)(e) and clause 3(ix)(f) of the Order is not applicable to the Company.

(x) (a) In our opinion and according to the information and explanations given to us, the Company did not raise any money by way of initial public offer or further public offer (including debt instruments) during the year. Accordingly, paragraph 3(x)(a) of the Order is not applicable to the Company.

(b) According to the information and explanation given to us, the company has not made any preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year or the company has made private placement of shares under review and the requirement of section 42 of the companies act, 2013 have been complied with and according to information and explanations given to us, the amount raised have been used for the purposes for which the funds were raised.

(xi) (a) To the best of our knowledge and according to the information and explanations given to us, no fraud by the Company or on the Company has been noticed or reported during the period covered by our audit.

(b) No report under section 143(12) of the Act has been filed with the Central Government for the period covered by our audit.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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(c) According to the information and explanations given to us including the representation made to us by the management of the Company, there are no whistle-blower complaints received by the Company during the year.

(xii) According to the information and explanations given to us, in our opinion, the Company is not a Nidhi Company as prescribed under Section 406 of the Act. Accordingly, Clause 3(xii) of the Order is not applicable to the Company.
(xiii) According to the information and explanations given to us and based on our examination of the records of the Company, all transactions with the related parties are in compliance with Sections 177 and 188 of the Act, where applicable, and details of such transactions have been disclosed in the standalone financial statements as required by the applicable Indian Accounting Standards.
(xiv) (a) Based on our examination of the records of the Company, in our opinion the Company has an adequate internal audit system commensurate with the size and the nature of its business.
(b) We have considered, the internal audit reports for the year under audit, issued to the Company during the year and till date, in determining the nature, timing and extent of our audit procedures.
(xv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not entered into non-cash transactions with directors or persons connected with him. Accordingly, provision of Section 192 of the Companies Act, 2013 are not applicable to the Company.
(xvi)According to the information and explanations given to us, the Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, Clause 3(xvi) of the Order is not applicable to the Company.
(xvii) The Company has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year.
(xviii)There has been no resignation of the statutory auditors during the year. Accordingly, reporting under clause 3(xviii) of the Order is not applicable to the Company.
(xix) According to the information and explanations given to us and on the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other information accompanying the standalone financial statements and our knowledge of the plans of the Board of Directors and management, we are of the opinion that no material uncertainty exists as on the date of the audit report and that Company is capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance sheet date, will get discharged by the Company as and when they fall due.
(xx) According to the information and explanations given to us, the Company does not have any unspent amount in respect of any ongoing or other than ongoing project as at the expiry of the financial year. Accordingly, reporting under clause 3(xx) of the Order is not applicable to the Company.

56 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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(xxi) The reporting under clause 3(xxi) of the Order is not applicable in respect of audit of standalone financial statements. Accordingly, no comment in respect of the said clause has been included in this report.

For GMKS & Co.,

Chartered Accountants Firm Registration Number – 139767W

Maya Joshi Partner Membership No. 144117 Place: Pune Date: May 28, 2025 UDIN : 25144117BMKRPV5173

57 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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ANNEXURE B TO THE INDEPENDENT AUDITOR’S REPORT

(REFERRED TO IN PARAGRAPH 2(A)(f) UNDER THE HEADING “REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS” OF OUR REPORT TO THE MEMBERS OF SIZEMASTERS TECHNOLOGY LIMITED (FORMERLY KNOWN AS MEWAT ZINC LTD) EVEN DATE)

REPORT ON THE INTERNAL FINANCIAL CONTROLS UNDER CLAUSE (I) OF SUB-SECTION 3 OF SECTION 143 OF THE COMPANIES ACT, 2013 (“THE ACT”)

Opinion

We have audited the internal financial controls over financial reporting of Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd) (“the Company”) as of March 31, 2025 in conjunction with our audit of the standalone financial statements of the Company for the year ended on that date.

In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to standalone financial statements and such internal financial controls were operating effectively as at March 31, 2025, based on the internal financial controls with reference to standalone financial statements criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (the “Guidance Note”).

Management’s Responsibility for Internal Financial Controls

The Company’s management and Board of Directors are responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to Company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Auditors’ Responsibility

Our responsibility is to express an opinion on the Company’s internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and both issued by the ICAI. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness.

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the standalone financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls system over financial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

A company’s internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of standalone financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of standalone financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company’s assets that could have a material effect on the standalone financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

For GMKS & Co., Chartered Accountants Firm Registration Number – 139767W

Maya Joshi Partner Membership No. 144117 Place: Pune Date: May 28, 2025 UDIN: 25144117BMKRPV5173

59 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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STANDALONE FINANCIAL STATEMENT FOR THE FINANCIAL YEAR MARCH 31, 2025

(in Lakhs unless otherwise stated)

Particulars	Particulars	Particulars			Note No	As at March 31, 2025	As at March 31, 2024

ASSETS
I.		Non-current assets
		(a) Property, plant & equipment			3A	20.01	23.74
		(b) Capital work-in- progress			3B	-	-
		(c) Right of Use			3C	11.25	15.35
		(d) Intangible assets			4A	-	-
		(e) Intangible assets under development			4B	-	-
		(f) Financial Assets
		(i) Investments			5	300.77	0.51
		(ii) Others			6	-	-
		(g) Other non- current assets			7	3.27	-
		(h) Deffered Tax Asset (Net)			19	0.68	0.38
		Total non-current assets				335.98	39.97
II .		Current assets
		(a) Inventories			8	383.25	375.60
		(b) Financial Assets
		(i) Investments			9	-	-
		(ii) Trade receivables			10	374.10	252.52
		(iii) Cash & Cash Equivalent			11a	244.36	151.75
		(iv) Other Balance with Bank			11b	737.76	800.00
	M	ANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MU		LTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & GAUGES
			RELATION

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

		(v) Loans & Advances			12	99.16	94.97
		(vi) Others			13	25.50	17.59
		(c) Other current assets			14	6.22	11.70
		Total Current Assets				1,870.34	1,704.13
		Total Assets				2,206.32	1,744.10

EQUITY AND LIABILITIES
Equity
		(a) Equity Share Capital			15	1,000.00	1,000.00
		(b) Other Equity				471.22	209.53
		Total Equity				1,471.22	1,209.53
Liabilities
I.		Non Current Liablities
		(a) Financial Liabilities
		(i) Borrowings			16	-	-
		(ii) Lease Liability			17	8.75	13.09
		(b) Provisions			18	-	-
		(c) Deferred Tax Liabilities (Net)			19
		Total non-current liabilities				8.75	13.09
II		Current Liabilities
		(a) Financial Liabilities
		(i) Borrowings			20	188.17	228.17
		(ii) Lease Liability			21	4.19	3.61
		(iii) Trade Payables			22
		a. Due to Mirco and small Enterprises				96.22	2.05
		b. Due to other than Mirco and small Enterprises				314.47	216.01

	M	ANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MU		LTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & GAUGES
			RELATION

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

				410.69	218.06
(iv) Others			23	-	0.56
(b) Other Current Liabilities			24	123.31	49.04
(c) Provisions for Employee Benefits			25	-	22.06
Total Current Liabilities				726.35	521.49
Total Liabilities				735.10	534.58
Total Equity & Liabilities				2,206.32	1,744.10

The accompanying notes are an integral part of these financial statements.

As per our report of even date
For GMKS & Co.	On behalf of Board of Directors of
Chartered Accountants	Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd)
FRN: 139767W	CIN: L74110PN1991PLC223919

CA. Maya Joshi	Gopal Zanwar	Kiran Zanwar		Shantaram Ankam	Aishwarya Parwal
Partner	Managing Director	Non Executiv e Director		CFO	Company Secretary
(M. No. 144117)	DIN 09537969	DIN 09653402			M. No. A67170
Place : Pune	Place: Pune
Date : 28/05/2025	Date: 28/05/202 5

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2025

(in Lakhs unless otherwise stated)

Particulars	Note No	For the year ended March 31, 2025	For the year ended March 31, 2024

Income
Revenue from operations	26	1,417.34	1,094.32
Other income	27	67.67	67.14

Total Income		1,485.01	1,161.46

Expenses
Cost of raw materials and components consumed	28(a)	629.28	534.85
Purchase of Traded Goods	28(b)	-	-
(Increase)/decrease in inventories of finished goods and work-in-progress	29	(7.65)	(10.35)
Employee benefits expense	30	193.51	108.68
Finance costs	31	2.27	4.07
Depreciation and amortisation expense	32	8.67	6.66
Other expenses	33	309.54	206.11

Total Expenses		1,135.62	850.03

Profit /(Loss) from ordinary activities before Exceptional Items and Taxes		349.39	311.43
Exceptional Items- Income / (Expenses)	34	-	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

63 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919


Net Profit before tax						349.39	311.43

Tax expense
Current tax						88.00	78.35
Adjustment of tax relating to earlieryears
Deferred tax						(0.30)	(0.33)
Total tax Expenses						87.70	78.02

Profit for the year						261.70	233.41

Other Comprehensive Income
A. Items that will not be reclassified subsequently to profit or loss
Remeasurement gains / (losses) on defined benefit plans
Tax (expense) / income relatingto above
						-	-
B. Items that will be reclassified subsequently loss				to profit or
Total Other Comprehensive off tax (A + B)		Income net				-	-

Total comprehensive income for the year attributable to Equity share holders of the Company						261.70	233.41
Earning per equity share of Facevalue of ₹ 10 each:
(1) Basic					38	2.71	2.33
(2) Diluted					38	2.71	2.33


	MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, T				APER GAUGES, SPLINE GAUGES, PCD &
			RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

64 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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The accompanying notes are an integral part of these financial statements.

The accompanying notes are an integral part of these financial statements.	The accompanying notes are an integral part of these financial statements.	The accompanying notes are an integral part of these financial statements.

As per our report of even date
For GMKS & Co.	On behalf of Board of Directors of
Chartered Accountants	Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd)
FRN: 139767W	CIN: L74110PN1991PLC223919

CA. Maya Joshi	Gopal Zanwar	Kiran Zanwar	Shantaram Ankam	Aishwarya Parwal
Partner	Managing Director	Non Executive Director	CFO	Company Secretary
(M. No. 144117)	DIN 09537969	DIN 09653402		M. No. A67170
Place : Pune	Place: Pune
Date : 28/05/2025	Date: 28/05/2025

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

STATEMENT CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2025

(in Lakhs unless otherwise stated)

Particulars	Particulars	For the year ended March 31, 2025	For the year ended March 31, 2024	For the year ended March 31, 2023

A .	CASH FLOWS FROM OPERATING ACTIVITIES
	Net Profit/ (Loss) Before Tax	349.39	311.43	16.20
	Adjustment for
	Provision for bad and doubtful debts	-	-	-
	Unrealised Foreign Exchange Loss/ (Gain) (Net)	1.29	12.47	0.05
	Unrealised Foreign Exchange (Loss) / Gain of P.Y.nowrealised	-	-	-
	Depreciation and Amortization Expenses	8.67	6.66	1.18
	Gain on disposal of property, Plant and Equipment	-	-	-
	Profit on sale of Investments	-	-	-
	Re-statement Loss / (Gain) on Mutual Fund	-	-	-
	Interest paid/Finance Cost	2.27	4.07	0.67
	Interest /Dividend Received	(65.39)	(57.35)	(12.30)
	Provision for Leave Encashment andGratuity
	Remeasurement of defined employee benefitplans			-
	Operating Profit/(Loss) before Working capital changes	296.23	277.27	5.80
	Adjustments for
	Trade receivables	(122.86)	(229.90)	(35.15)
	Financial and other assets (Current and non current)	4.64	(97.87)	(5.18)

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Inventories		(7.65)	(10.34)	(2.13)
	Trade payables		192.63	167.25	46.00
	Provision		74.28	42.56	6.48
	Financial and other liabilities		(4.32)	(2.74)	19.99
	Cash generated from operations		432.94	146.23	35.81
	(Taxes Paid)/ Refund Received		(114.10)	(61.73)	(1.23)
	NET CASH FROM OPERATING ACTIVITIES	(A)	318.83	84.50	34.57
B .	CASH FLOWS FROM INVESTING ACTIVITIES
	Purchase of Fixed Assets(Net of earlier year CapitalWIP if any)		(0.84)	(22.97)	(23.96)
	Adjustment for creditors relating to capital purchases		-	(4.13)	4.13
	Adjustment for advances relating to capital purchases		-	-	-
	Sale of fixed Assets		-	-	-
	Sale / (Purchase) of Investment (Non- Current)-Net		(300.26)	(0.51)	-
	Loans Provided		(3.35)	-	-
	Profit/(Loss) on Sale of Investments net of purchases during theyear		-	-	-
	Investment / (Maturity) in Fixed Deposits		62.24	(200.00)	(600.00)
	Interest/Dividend Received		57.48	40.25	11.82
	NET CASH FROM INVESTING ACTIVITIES	(B)	(184.72)	(187.36)	(608.02)
C .	CASH FLOWS FROM FINANCING ACTIVITIES
	Issued Share Capital		-	-	600.00
	Secured current Loans		-	-	-
	Unsecured loans raised during the year		(40.00)	199.97	28.20

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

67 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Less :- Unsecured Loan Repayment made duringtheyear	Less :- Unsecured Loan Repayment made duringtheyear		-	-	-
	Unsecured Loans Accepted / (Repaid) (net)			(40.00)	199.97	28.20
	Lease Liability					-
	Dividend Paid (including transferred to IEPF)					-
	Non Current - Lease Liability			-	-
	Interest paid			(1.50)	(1.77)	(0.46)
	NET CASH FROM FINANCING ACTIVITIES		(C)	(41.50)	198.19	627.74
D .	NET INCREASE IN CASH AND CASH EQUIVALENTS		(A) + (B) + (C)	92.61	95.34	54.30
	GENERATED DURING THE YEAR
	Cash and Cash Equivalents OpeningBalance			151.75	56.41	2.11
	Cash and Cash Equivalents ClosingBalance			244.36	151.75	56.41

	Cash and cash equivalents comprise of the following:
	Cash on hand			0.59	1.95	0.23
	Balances with banks - Current accounts			243.77	149.80	56.18
	Balances with banks - Cash Credit Account			-	-	-
				244.36	151.75	56.41
The above cash flow statement has been preapred under the "Indirect Method" as set out in Ind AS 7 on statement of cash flow.
The accompanying notes are an integral part of these financial statements.

As per our report of even date
For GMKS & Co.		On behalf of Board of Directors of
Chartered Accountants		Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd)

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

68 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

FRN: 139767W	CIN: L74110PN1991PLC223 919	CIN: L74110PN1991PLC223 919


CA. Maya Joshi	Gopal Zanwar	Kiran Zanwar	Shantara m Ankam	Aishwary a Parwal	Aishwar ya Parwal
Partner	Managin g Director	Non Executive Director	CFO	Company Secretary	Compan y Secretary
(M. No. 144117)	DIN 0953796 9	DIN 09653402		M. No. A67170	M. No. A67170
Place : Pune	Place : Pune
Date : 28/05/2025	Date : 28/05/ 2025

69 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

==> picture [224 x 70] intentionally omitted <==

STATEMENT OF CHANGES IN THE EQUITY FOR THE YEAR ENDED MARCH 31, 2025


A. Equity Share Capital

For the year ended March 31, 2025

Balance as at April 1, 2024	Changes in Equity Share Capital due to prior period errors	Restated balance at the beginning of the current reporting period	Changes in Equity Share Capital During the year	Balance as at March 31, 2025
1,000.00	-	-	-	1,000.00

For the year ended March 31, 2024

Balance as at April 1, 2023	Changes in Equity Share Capital due to prior period errors	Restated balance at the beginning of the current reporting period	Changes in Equity Share Capital During the year	Balance as at March 31, 2024
1,000.00	-	-	-	1,000.00


B. Other Equity

For the year ended March 31, 2025

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

70 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Particulars	Capital Reserve	General Reserve	Retained Earning	Total
Balance as at April 01, 2024	15.00	-	194.53	209.53
Profit for the year			261.70	261.70
Remeasurement of net defined benefit plan net of tax effect				-
Dividends paid				-
Transfer to General Reserves				-
Balance as at March 31, 2025	15.00	-	456.22	471.22

For the year ended March 31, 2024

Particulars	Capital Reserve	General Reserve	Retained Earning	Total
Balance as at April 01, 2023	15.00	-	(38.89)	(23.89)
Profit for the year			233.41	233.41
Remeasurement of net defined benefit plan net of tax effect				-
Dividends paid				-
Transfer to General Reserves				-
Balance as at March 31,2024	15.00	-	194.53	209.53

The accompanying notes are an integral part of these financial statements.

As per our report of even date
For GMKS & Co.	On behalf of Board of Directors of
Chartered Accountants	Sizemasters Technology Limited (Formerly Mewat Zinc Ltd)			known as
FRN: 139767W	CIN: L74110PN1991PLC223919

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

CA. Maya Joshi	CA. Maya Joshi					Gopal Zanwar	Gopal Zanwar	Gopal Zanwar	Gopal Zanwar	Kiran Zanwar	Kiran Zanwar	Kiran Zanwar	Kiran Zanwar	Aishwarya Parwal	Aishwarya Parwal
Partner						Managing Director				Non Executive Director				Company Secretary
(M. No. 144117)						DIN 09537969				DIN 09653402
Place : Pune						Place : Pune
Date : 28/05/2025						Date : 28/05/2025
												(` in

Note 3A : Property, and Equipments#				Plant

Particular s		Gross Block							Depreciation							Net Block
		As at 01- 04- 24	Additio ns During the year		Deductio ns			As at 31- 03- 25	As at 01- 04- 24		Additio ns During the year		Deductio ns		As at 31- 03- 202 5	As at 31- 03- 25	As at 31- 03- 202 4

Electrical Equipment		2.08	0.84					2.92	0.1 9		0.62		-		0.8 1	2.11	1.89
Plant & Machinery		24.3 9	-		-			24.3 9	2.5 4		3.96		-		6.4 9	17.9 0	21.8 5

Total (A)		26.4 7	0.84		-			27.3 1	2.7 3		4.57		-		7.3 0	20.0 1	21.8 5
As at March 31, 2024

*The Company does not have theCompany					any Immovable Property whose title deeds are not held in the name of

Note 3B : Capital Work in Progress


	MANUFACTUR	ER OF: T	HREAD GAUGES, PLAIN GAUGES, MU						LTI GAUGING, TAPE				R GAUGES, SPL		INE GAUGES, PC
							RELATION		GAUGES

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Particular s	Gross Block	Gross Block			Depreciation	Depreciation			Net Block	Net Block
	As at 01- 04- 24	Additio ns During the year	Deductio ns	As at 31- 03- 25	As at 01- 04- 24	Additio ns During the year	Deductio ns	As at 31- 03- 202 5	As at 31- 03- 25	As at 31- 03- 202 4
Capital Work in Progress	-	-	-	-	-	-	-	-	-	-
As at March 31, 2024	-	-	-	-	-	-	-	-	-	-

Note 3C : Right of Use Asset#

Particular s	Gross Block				Depreciation				Net Block
	As at 01- 04- 24	Additio ns During the year	Deductio ns	As at 31- 03- 25	As at 01- 04- 24	Additio ns During the year	Deductio ns	As at 31- 03- 202 5	As at 31- 03- 25	As at 31- 03- 202 4
Factory Premises	20.4 6	-	-	20.4 6	5.1 2	4.09	-	9.2 1	11.2 5	15.3 4

Total	20.4 6	-	-	20.4 6	5.1 2	4.09	-	9.2 1	11.2 5	15.3 4
As at March 31, 2024

Note 4A : Intangible Assets#

Particular s	Gross Block				Depreciation				Net Block
	As at 01-	Additio ns During the year	Deductio ns	As at 31-	As at 01-	Additio ns During the year	Deductio ns	As at 31- 03-	As at 31-	As at 31- 03-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	04- 24			03- 25	04- 24			202 5	12- 25	202 4
Computer Software	-	-	-	-	-	-	-	-	-	-

Total	-	-	-	-	-	-	-	-	-	-
As at March 31, 2024	-	-	-	-	-	-	-	-	-	-

#The Company has not revalued its Property, Plant and Equipment and Right of Use assets or intangible assets duringtheyear.

Note 4B: Intangible Asset Under Development

Particular s	Gross Block				Depreciation				Net Block
	As at 01- 04- 24	Additio ns During the year	Deductio ns	As at 31- 03- 25	As at 01- 04- 24	Additio ns During the year	Deductio ns	As at 31- 03- 202 5	As at 31- 12- 25	As at 31- 03- 202 4
Intangible Asset Under Developme nt	-	-	-	-	-	-	-	-	-	-
As at March 31, 2024	-	-	-	-	-	-	-	-	-	-

Note - Ageing of CWIP and Intantible Assest is not provided as balance as at Balancesheet date inNil.

(` in Lakhs unless otherwise stated)

Not e No	Not e No	Particulars

5		Non-current Investments

	MAN	UFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAP		ER GAUGES,	SPLINE GAUGES, PCD &
			RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Investments in Equity Instruments	Investments in Equity Instruments
	Investment in Subsidiary			300.77	0.51
				300.77	0.51

	(Investment in subsidiaries)
	- Proto D - Rs. 51,000.00
	- SMCS LLP - Rs. 25,500.00
	- Aurum Technology LLP - Rs. 3,00,00,000.00)


6	Other Non-current Financial Assets
					-
					-

7	Other Non-current Assets
	Advance Tax and TDS net off provision for tax			3.27	0

				3.27	-

8	Inventories
	(As valued, verified Management)		and certified by
	Finished Goods			20.13	12.48
	Stock of Traded Goods			375.6	363.12

				383.25	375.60
	8.1 For mode no. 2.9	of valuation	refer note

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

75 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

==> picture [224 x 70] intentionally omitted <==

9	Current Investments	Current Investments
	Quoted investments at fair value through Profit and Loss A/c
	Investments in Mutual Funds				0

10	Trade Receivables

	(Unsecured, Considered good unless otherwise stated)
	Considered Good*			374.10	252.52
	Considered Doubtful			-	-
				374.10	252.52
	Less: Provision for Doubtful Debts			-	-

				374.10	252.52
	*Includes receivable from related parties of ₹ 49.16 Lakh (PY ₹ 12.49Lakh)

	Ageing of Trade Receivables - As at March 31, 2025
	Particulars	Amount not due for Receipt	Less than 6 Months	6 Months - 1 Year	1-2 Years	More than 3 Years	Total
	i ) Undisputed Trade Receivables - Considered Goods		374.10				374.10
	ii ) Undisputed Trade Receivables - Considered Doubtful						-

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

iii ) Disputed Trade Receivables - Considered Goods						-
iii ) Disputed Trade Receivables - Considered Doubtful						-
Total	-	374.10	-	-	-	374.10
Less : Provision for Doubtful debts						-
Total	-	374.10	-	-	-	374.10

Ageing of Trade Receivables - As at March 31, 2024
Particulars	Amount not due for Receipt	Less than 6 Months	6 Months - 1 Year	1-2 Years	More than 3 Years	Total
i ) Undisputed Trade Receivables - Considered Goods	-	252.52	-	-	-	252.52
ii ) Undisputed Trade Receivables - Considered Doubtful	-	-	-	-	-	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	iii ) Disputed Trade Receivables - Considered Goods	-	-	-	-	-	-
	iii ) Disputed Trade Receivables - Considered Doubtful	-	-	-	-	-	-
	Total	-	252.52	-	-	-	252.52
	Less : Provision for Doubtful debts						-
	Total						252.52

11a	Cash & Cash Equivalents
	Cash in Hand			0.59	1.95
	Balance with banks-
	On Current Accounts			243.77	149.80
	Total Cash & Cash Equivalents		(A)	244.36	151.75

11b	Other Bank Balances
	(i) Balance in Unpaid Account		Dividend	-	0
	(ii) Margin money deposits			-	0
	(iii) Deposits maturing after3months			-	0
	(iv) Deposits maturing after6months			737.76	800
	Total Other Bank Balance		(B)	737.76	800.00

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

78 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

==> picture [224 x 70] intentionally omitted <==

	Total Cash & Bank Balance (A + B)	982.12	951.75

12	Loans & Advances
	(Unsecured, considered good)	-	-
	Advance to Supplier	14.01	5.62
	Advance to Others	-	7.55
	Loan to Subsidiary*	85.15	81.80

		99.16	94.97

13	Other Current Financial Assets
	Interest accrued on Loan	-	0
	Interest accrued on Deposits	25.50	17.59

		25.50	17.59

14	Other Current Assets
	Prepaid expenses	0.38	0
	Imprest balance with employees	2.48	0
	Others - GST Credit Ledger Balance	3.36	11.70

		6.22	11.70

15	Equity Share Capital
	Authorised Share Capital
	105,00,000 Equity Shares of ₹ 10/- each (As on March 31, 2025 - 50,00,000 Equity Shares)	1050.00	1050.00

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

79 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919


Issued, Subscribed and Paid Up capital

100,00,000 Equity Shares of ₹ 10/- each fully paid up and issued at par			1,000.00	1000

			1,000.00	1,000.00

15.1 Terms / rights attached to equity shares:

The company has only one class of equity shares having a face value of ₹ 10/- per share. Each holder of equity share 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 remaining assets of the Company. The distribution will be in proportion to the number of equity shares held bythe shareholders.

15.2 The details of shareholders holding more than 5% of equityshares

Name of the shareholder s	31-Mar-25		March 31, 2024
	% of Holding	Numbe r	% of Holding	Number
Gopal Zanwar
15.3 Shareholding	Promotors
	31-Mar-25			March 31, 2024
Promoter name	No. of shares	% of Total Shares	% Change during the year	No. of shares	% Change during the year
Gopal Zanwar	64,05,73 0	64.06%	120.45 %	64,05,73 0	120.45%
Kiran Zanwar	40,000	0.40%	0.00%	40,000	0.00%
Mayur Zanwar	40,000	0.40%	0.00%	40,000	0.00%

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

80 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Total		64,85,73 0

16	Non-current Borrowings
	Secured
	Term loan from Banks
	For Vehicle	-	0
	For Others	-	0

17	Non-current Lease Liability

	Lease Liability (Refer note no. 37)	8.75	13.09

		8.75	13.09


18	Non-current Provisions
	Employee benefit liabilities
	Gratuity payable (Refer note no. 36.2 )	-	0
		-	-

19	Deferred Tax Liabilities (Net)
	Components of Deferred tax assets/liabilities are as under:
	Deferred Tax Liabilities
	Relating to PPE WDV	-	0
	Income Chargeable on realisation basis		0
		-	-
	Deferred Tax Assets

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

81 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

		Expenses allowable on payment basis	Expenses allowable on payment basis
		Relating to PPE WDV		0.68	0.38
		Defined Benefit Obligations			-
				0.68	0.38

		Net Deferred Tax (Asset) / Liabilities (Net)		0.68	0.38

20		Current Borrowings
		Secured
		Working Capital Loans from Banks
		Rupee Loans from Banks		-	0
		Foreign Currency Loans		-	0
		Unsecured
		Short Term Borrowing from Promotors**		188.17	228.17

				188.17	228.17

		20.1 The Company does not have any charges or satisfaction which is yet to be registered with the Registrar of Companies (ROC) beyond the statutory period.
		20.2 Short term borrowings raised from Promotor during the financial year 2022-23 for working capital purpose. The loan is free of interest and is repayable on demand.
		20.3 The Company has not raised any borrowing from banks and financial institutions during the year
		20.4 The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter at any time during the financial year or after the end of reporting period but before the date when financial statements are approved.
		20.5 The Company has not defaulted on repayment of loans and interest payment thereon during the current andpreviousyear.

21		Current Lease Liability
		Lease Liability (Refer note no. 37(b))		4.19	3.61


	MAN	UFACTURER OF: TH	READ GAUGES, PLAIN GAUGES, MULTI GAUGING, TAP			ER GAUGES,	SPLINE GAUGES, PCD &

RELATION GAUGES

82 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

			4.19	3.61

22		Trade Payables
		Total outstanding dues of Micro and Small Enterprises*	96.22	2.05
		Trade Payables Others*	314.47	216.01

			410.69	218.06

		*Includes payable to related parties of ₹ 122.66 Lakh (PY ₹ 41.60 Lakh)

		22.1 As defined under Micro,Small and Medium Enterprises Development Act, 2006, the disclosure in respect of the amount payable to such enterprises as at March 31,2024 has been made in the financial statement based on information received available and identified by the company.

		Particulars			As at March 31, 2025	As at Marc h 31, 2024
		a) the principal amount remaining unpaid to any suppliers as at the end of each accounting year.			96.22	2.05
		b) the interest due thereon remaining unpaid to any supplier as at the end of each accounting year.			-	-	-
		c) the amount of interest paid by the Company in terms of Section16, of the MSMED Act2006 along with the amounts of the payment made to the supplier beyond the appointed day during each accounting year.			-	-	-
		d) the amount of interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year ) but without adding the interest specified under MSMED Act,2006.			-	-	0.00
		e) the amount of interest accrued and remaining unpaid at the end of each accounting year; and			-	-	0.00

	MAN	UFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAP			ER GAUGES,	SPLINE GAUGES, PCD &

RELATION GAUGES Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	f) the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise for the purpose of disallowance as a deductible expenditure under section 23 of the MSMED Act,2006	f) the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise for the purpose of disallowance as a deductible expenditure under section 23 of the MSMED Act,2006	f) the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise for the purpose of disallowance as a deductible expenditure under section 23 of the MSMED Act,2006	f) the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise for the purpose of disallowance as a deductible expenditure under section 23 of the MSMED Act,2006	f) the amount of further interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise for the purpose of disallowance as a deductible expenditure under section 23 of the MSMED Act,2006	-	-

	22.2 Ageing of Trade Payables - As at March 31, 2025
	Particulars	Unbilled	Not Due	Below 1 Year	1 - 2 Year	More than 3 Year	Total
	MSME			96.22			96.22
	Trade Creditors			314.47			314.47
	Total	-	-	410.69	-	-	410.69


	22.2 Ageing of Trade Payables - As at March 31, 2024
	Particulars	Unbilled	Not Due	Below 1 Year	1 - 2 Year	More than 3 Year	Total
	MSME			2.05			2.05
	Trade Creditors			216.01			216.01
	Total	-	-	218.06	-	-	218.06

23	Other Current Financial Liabilities
	Other Payables*			-	0.56
				-	0.56

24	Other Current Liabilities
	Payables for capital goods purchased*			-	0

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

84 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Provisions Payable - Salarie payable to employee	Provisions Payable - Salarie payable to employee	11.31	1.53
	Advances from customers		109.74	45.90
	GST/VAT/TDS/Service tax/Withholding taxes, other taxes and contributionpayables		2.27	1.61
			123.31	49.04

25	Provisions for Employee Benefits
	Leave encashment		-	0
	Bonus and Gratuity		-	0
	Provision for Taxes Net of Advance Tax		-	22.06

			-	22.06

Note No		Particulars			For the year ended March 31, 2025		For the year ended March 31, 2024

26	Revenue from Operations
	Sale of products				1,417.34	1,094.24

					1,417.34	1,094.24

	Other operating income				-	0.08

					1,417.34	1,094.32

27	Other Income
	Interest Income				65.39	57.35

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

85 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Other non - operatingincome	2.28
	Net gain on exchange fluctuation	-	9.79

		67.67	67.14

28 (a)	Cost of raw Material Consumed
	Raw Material Consumed	629.28	534.85

		629.28	534.85

28 (b)	Purchases for Traded Goods
	Purchases	-	-

		-	-

29	(Increase) / Decrease in Inventories
	Opening Stock :
	Work In Progress	-	-
	Finished Goods	12.48	-
	Traded goods	363.12	365.25
		375.60	365.25
	Less:- Closing Stock :
	Work In Progress	-	-
	Finished Goods	20.13	12.48
	Traded goods	363.12	363.12
		383.25	375.60

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

86 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

==> picture [224 x 70] intentionally omitted <==

		(Increase) / Decrease in Inventories (Net)	(7.65)	(10.35)

30		Employee Benefit Expenses
		Salaries, Wages, Bonus	193.51	108.68

			193.51	108.68
		30.1 Additional disclosure asper IND AS 19 isprovided in Note No. 36

31		Finance Cost
		Interest On Lease Liability	1.50	1.77
		Interest on Income Tax	0.77	2.29
			2.27	4.07

32		Depreciation and Amortisation Expenses
		Depreciation of PPE	4.57	2.57
		Right of Use	4.09	4.09
		Amortisation of intangible assets	-	-

			8.67	6.66

33		Other Expenses
		(A)Manufacturing Expenses:
		Stores and Consumables	-	-
		Power, fuel and Water Charges	2.49	6.76
		Labour charges, sub-contracting charges and machine hire charges	187.78	102.31
		Insurance	1.80	0.60

		(A)	192.08	109.67

	MAN	UFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

87 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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(B)Administration, Selling and Establishment Expenses:
Professional and Consultancy fees	15.15	15.80
Travelling,conveyance and vehicle maintenance	-	20.04
Postage, telegram and telex	11.95
Frieght Charges	22.31	0.00
Rent	-
BuildingRepairs and maintenance	-	0
Repairs and maintenance	0.84
Rates and Taxes	0.68
Directors Sitting Fees	-	0.87
Directors Professional Fees	30.83	24.75
Annual listing fees	3.72	4.44
GST & Other Taxes absorbed	-	-
Meeting Expenses	9.77	0.50
Other Repairs	-
Donations	-
Unrealised gains on Financial assets Investment measured at FVTPL	-
Bank Charges	1.14	0.47
Discounts and Rate difference	4.31
Breakages and Damages	-
Sales promotion and Advertisement Expenses	1.01	1.06
Unrealised Exchange Fluctuation Loss	1.29	-
Net Loss on exchange fluctuation	0.42	12.47
Web Service Charges	-	1.78
Electricity expense	8.55	-
Transport Charges	0.00
Packingexpenses	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

88 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

		Telephone Expense	Telephone Expense	Telephone Expense	Telephone Expense			-	-	-
		Provision for Bad and Doubtful debts						-
		Remuneration to auditors (Refer Note No. 33.1)						5.43		4.90
		Penalty						-
		Insurance Expenses						-
		Other Miscellaneous Expenses						0.07		9.36

						(B)		117.46		96.44

		Total(A+B)						309.54		206.11
34		Exceptional Items- Income

								-

3 5	CONTINGENT LIABILITIES AND COMMITMENTS

	35.1 Contingent liabilities not provided for:

	Particulars						For the year ended March 31, 2025		For the year ended March 31, 2024
	a) Bank Guarantees / Letters ofCredit						-		-
	b) Due towards disputed statutory liability						-		-
	c) Claims against the company not acknowledged as debts						-		-
	The Company does not have any Benami property. Also, no proceeding has been initiated or pending against the Companyfor holdinganyBenamiproperty.

	35.2 Commitment s


	MANUFACTURER OF:		THREAD GAUGES, PLAIN	GAUGES, MUL	TI GAUGING, TAPER GAUGES, SPLI				NE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Particulars	For the year ended March 31, 2025	For the year ended March 31, 2024
	Estimated amount of contracts remaining to be executed on Capital Account net of advances and not provided for	-	-

3 6	DISCLOSURES IN ACCORDANCE WITH IND AS 19 ON"EMPLOYEE BENEFITS"

	36.1 Defined contribution plan

	Contribution to the defined contribution plan recognized as expense for theyear are as under

	Particulars	For the year ended March 31, 2025	For the year ended March 31, 2024
	Employer's Contribution to Provident Fund	8.16	6.12

	36.2 Defined benefit plan

	The Company is having less than 10 Employees, Hence The Employee Gratuity Plan is not applicable to theCompany.

3 7	Ind AS 116 " Leases"
	Operating lease where Company is a lessee:
	The Company has entered into non-cancellable operating lease for factory premise. Effective April 01, 2019, the Company adopted Ind AS 116 "Leases". In accordance with provisions of Ind AS 116 "Leases", the Company recognised the lease liability at the date of initial application i.e. April 01, 2019 at the present value of lease payments, discounted using incremental borrowing rate of the Company. The Company recognised right-of-use asset at an amount equal to the lease liability. Right-of-use asset is depreciated on straight line method based on balance number of months of lease term.
	The adoption of the standard resulted in recognition of lease liability of ₹ Nil Lakh and corresponding'Rightofuse' assetof ₹ Nil Lakh asat April01,2019.
	The weighted average incremental borrowing rate applied to lease liabilities is 9.00%.
	Following practical expedients were elected on initial application of the Standard:

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

90 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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(i) Not to apply this standard to contracts that were not previously identified as containing a lease in terms of IND AS 17 (ii) Applied exemption not to recognise right-of-use assets and liabilities for leases with less than 12 months of lease term on the date of initial application

(iii) Excluded the initial direct costs from the measurement of the right-of-use asset at the date of initial application.

(i) Not to apply this standard to contracts that were not previously identified as containing a lease in terms of IND AS17	(i) Not to apply this standard to contracts that were not previously identified as containing a lease in terms of IND AS17	(i) Not to apply this standard to contracts that were not previously identified as containing a lease in terms of IND AS17	(i) Not to apply this standard to contracts that were not previously identified as containing a lease in terms of IND AS17	(i) Not to apply this standard to contracts that were not previously identified as containing a lease in terms of IND AS17	(i) Not to apply this standard to contracts that were not previously identified as containing a lease in terms of IND AS17
(ii) Applied exemption not to recognise right-of-use assets and liabilities for leases with less than 12 months of lease term on the date of initial application
(iii) Excluded the initial direct costs from the measurement of the right-of-use asset at the date of initial application.

	(A) Changes in the carrying value of Right-of-use Asset

	Particulars	For the year ended March 31, 2025		For the year ended March 31, 2024
	Opening Balance		15.35		19.44
	Add: Recognised during the year in terms of IND AS116		-		-
	Less: Deletion		-		-
	Less: Amortization duringtheyear		(4.09)		(4.09)
	Closing Balance		11.25		15.35

	(B) Changes in Lease Liability
	Particulars	For the year ended March 31, 2025		For the year ended March 31, 2024
	Lease liability as on 1st April,2024		16.70		19.72
	Add: Recognised during the year in terms of IND AS116
	Add: Interest cost accrued duringtheyear		1.50		1.77
	Less: Payment of lease liability		(5.26)		-4.80
	Less: Deletion
	Lease liability at the year end		12.93		16.70

	(C) Current and Non-current Lease Liability

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Particulars	For the year ended March 31, 2025	For the year ended March 31, 2025	For the year ended March 31, 2024	For the year ended March 31, 2024
	Current Lease Liability		4.19		3.61
	Non-current Lease Liability		8.75		13.09
			12.93		16.70

	Rental expenses of ₹ Nil Lakh (P.Y. ₹ Nil Lakh) in respect of obligation under short-term leases or cancellable in nature have been charged to Statement of Profit and Loss.

	The table below provides contractual maturities of lease liability as on 31st March, 2025 on an undiscounted basis:

	Particulars	For the year ended March 31, 2025		For the year ended March 31, 2024
	Non cancellable operating lease obligations
	- Not Later than oneyear
	- Later than one year but not later than fiveyears
	- Later than fiveyears			-

	The Company does not face a significant liquidity risk with regard to its lease liability as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due.

3 8	Earning per Share (EPS)

	Particulars	For the year ended March 31, 2025		For the year ended March 31, 2025
	- Net Profit after tax as per Statement of Profit and Loss attributable to the Equity Shareholders (₹ in Lakh) - (A)	261.70		233.41
	- Basic / Weighted average number of Equity Shares outstanding during the year - (B)		1,00,00, 000		1,00,00, 000

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	- Nominal value of Equity Shares (₹)	- Nominal value of Equity Shares (₹)				10.00	10.00	10.00	10.00
	- Basic / Diluted Earning per Share (₹)-(A)/(B)						2.71		2.33

	Note: The company did not have any potentially dilutive securities in anyof theperiodspresented.

3 9	Segment information

	Operating Segment: - The company is primarily engaged in the activities of Manufacturing and Trading. Since all activities are related to one segment, there is no other operating segment as per theIndAS108“Operating Segments”.

4 0	Corporate Social Responsibility expenditure
	Section 135 of the Act is Not Applicable to the Company.

4 1	Details of Corporate Social Responsibility (CSR) expenditure
	Section 135 of the Act is Not Applicable to the Company. No Corporate social responsibilityexpense incurred in current as well aspreviousyears.

4 2	Financial Instruments and Risk Management

	A) Accounting classification and fair value :
	The following table shows the carrying amounts and fair values of Financial Assets and Financial Liabilities including their levels in the fair value hierarchy -

	Particulars	For the year March 31, 2025			ended	For the year ended March 31, 2024
		Carryi ng amou nt	Level of inputs used			Carryi ng Amou nt	Level of inputs used
			Level 1	Level 2	Level 3		Level 1	Level 2	Level 3
	Financial assets
	At Amortised cost

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Trade receivables	374.10		252.52
Cash & cash equivalents	244.36		151.75
Other Balance with Bank	737.76		800.00
Loans & Advances	99.16		94.97
Others
-Non current	-		-
-current	25.50		17.59

At fair value through OCI
Investments	300.77	300.7 7	0.51	0.51

At fair value through Profit and Loss Account
Investments	-		-

Financial Liabilities
At Amortised cost
Borrowings
-Non current	-		-
-current	188.17		228.17
Lease Liability
-Non current	8.75		13.09
-current	4.19		3.61
Trade payables	410.69		218.06

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

94 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Others
-Non current	-	-
-current	-	0.56

At fair value through Profit and Loss Account
-current (Derivative Contracts not designated as hedge)	-	-

The financial instruments are categorized in to three levels based on the inputs used to arrive at fair value measurements as described below -
Level 1 - Quoted prices in active markets for identical assets and liabilities.
Level 2 - Inputs other than the quoted prices included within level 1 that are observable for assets or liabilityeither directlyor indirectly.
Level 3 - Inputs based on unobservable market data

Management uses its best judgement in estimating fair value of financial instruments. However there are inherent limitations in any estimation techniques. Therefore for substantially all financial instruments, the fair value estimates presented above are not necessarily indicative of the amounts that the company could have realised or paid in sale transactions as on respective date. As such the fair value of financial instruments subsequent to the reporting date may be different from the amounts reported at each reportingdate.

B) Financial Risk Management
The company has a exposure to the following risks arising from financial instruments -
- Credit risk
- Liquidity risk
- Market risk

Risk Management

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

The Company's senior management oversees the management of these risks. The senior management assesses the unpredictability of the financial environment and seeks to mitigate potential adverse effects on the financial performance of the company.

i. Credit Risk

Credit risk is the risk that counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities, including deposits with banks and financial institutions and other financial instruments.

Trade Receivable:

Customer credit risk is managed subject to the Company's established policy, procedures and control relating to customer credit risk management. Credit quality of a customer is assessed based on an extensive credit rating scorecard and individual credit limits are defined in accordance with this assessment. Outstanding customer receivables are regularly monitored.

The Company's senior management oversees the management of these risks. The senior management assesses the unpredictability of the financial environment and seeks to mitigate potential adverse effects on the financialperformance of the company.	The Company's senior management oversees the management of these risks. The senior management assesses the unpredictability of the financial environment and seeks to mitigate potential adverse effects on the financialperformance of the company.	The Company's senior management oversees the management of these risks. The senior management assesses the unpredictability of the financial environment and seeks to mitigate potential adverse effects on the financialperformance of the company.	The Company's senior management oversees the management of these risks. The senior management assesses the unpredictability of the financial environment and seeks to mitigate potential adverse effects on the financialperformance of the company.	The Company's senior management oversees the management of these risks. The senior management assesses the unpredictability of the financial environment and seeks to mitigate potential adverse effects on the financialperformance of the company.

i. Credit Risk
Credit risk is the risk that counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities, including deposits with banks and financial institutions and other financial instruments.

Trade Receivable:
Customer credit risk is managed subject to the Company's established policy, procedures and control relating to customer credit risk management. Credit quality of a customer is assessed based on an extensive credit rating scorecard and individual credit limits are defined in accordance with this assessment. Outstanding customer receivables are regularly monitored.

Cash and cash equivalents:
Bank deposits are made with reputed banks and hence credit risk associatedwith it isgenerallylow.

ii. Liquidity Risk
Liquidity risk is defined as the risk that the company will not be able to settle or meet its obligations on time. The company's approach to managing liquidity is to ensure as far as possible, that it will have sufficient liquidity to meet its liability when they are due, under both normal and stressed conditions,without incurringunacceptable losses or riskingdamage to the company's reputation.

The table below analysis the company's financial liabilities into relevant maturity grouping based on their contractual maturities

Particulars	Less than 1 Year	1 to 5 Years	> 5 Years	Total

Year ended March 31, 2025
Borrowings	188.17	-	-	188.1 7
Other Financial Liabilities	-	-	-	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Trade & Other Payable	410.69	-	-	410.6 9
Lease Liability	4.19	8.75	-	12.93
	603.04	8.75	-	611.7 9

Particulars	Less than 1 Year	1 to 5 Years	>5 Years	Total

Year ended March 31, 2024
Borrowings	228.17		-	228.1 7
Other Financial Liabilities	0.56	-	-	0.56
Trade & Other Payable	218.06	-	-	218.0 6
Lease Liability	3.61	13.09	-	19.72
	450.39	13.09	-	466.5 0

iii. Market Risk
Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from change in the price of financial instruments. Market risk comprises of three types of risks: interest risk, foreign currency fluctuation risk and other price risk such as commodity price risk. The objective of market risk management is to manage and control market risk exposure within acceptableparameterswhile optimizing profits.

a) Foreign currencyrisk:
The summary of quantitative data about the Company's exposure to currencyrisk is as follows:

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

97 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Particulars	As at 31st March 2025	As at 31st March 2024
Trade Receivables
US $	0.58	0.82
Trade Payables
US $	-	-
Net exposure to foreign currency risk (assets)	0.58	0.82

Foreign currency sensitivityanalysis:
The following table demonstrates sensitivity to a reasonable possible change exchange rateswith all othervariables held constant:						in foreign currency

Change in US $	Profits/(Loss)		Equity net of tax
	2024- 2025	2023-24	2024- 2025	2023- 24
5% increase	0.03	0.04	0.02	0.52
5% decrease	(0.03)	(0.04)	(0.02)	(0.52)

b) Interest rate risk:
The Company's exposure to the changes in market interest rate relates to floatingrate obligations.
The exposure of the Company's borrowings to interest rate are as follows:					changes at the end of	the reporting period

Particulars		2024- 2025	2023-24
Borrowings
Floating (includes current and non-current maturities)		-	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

98 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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	Fixed (includes current and non-current maturities)	Fixed (includes current and non-current maturities)	188.17	228.17
	Total		188.17	228.17

	Interest rate sensitivity analysis:
	The following table demonstrates sensitivity to a reasonable possible change in interest rates with all other variables held constant

	Change in Interest rate	Profits/(Loss)		Equity net of tax
		2024- 2025	2023-24	2024- 2025		2023- 24
	2% increase	-	-	-		-
	2% decrease	-	-	-		-

4 3	Capital Management

	The Company's objectives when managing capital are to (a) maximize shareholders' value and provide benefit to other stakeholders and (b) maintain an optimal capital structure to reduce the cost of capital.
	For the purpose of the Company's capital management, capital includes issued equity capital and all other equityreserves attributable to the equityholders.

	Particulars			2024- 2025	2023- 24
	Total Debt (Bank and other borrowings)			201.10	244.8 6
	Equity			1,471.22	1,209. 53
	Debt to Equity (net)			0.14	0.20

4 4	Related party transactions :
	List of persons and the relationship with related parties as certified by management with whom transactions have taken place during the year with value of transactions is as follows :

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919


NAME OF THE RELATED PARTY -
I) Associates - Entity in Which Directors are Interest
a) Sizemaster Guages & Tools	b) Sizemaster Callibration		c) Sizemaster Callibration LLP

II ) Key Management Personnel -
a) Mr.Gopal R Zanwar- ManagingDirector		b) Kiran S Zanwr - Non Executive Director			c) Mr.Shantaram P Ankam - CFO
d) Ms. Aishwarya Parwal - Company Secretary		e) Ms. Suvarna Shinde - Independent Director
f) Mr. Rajvirendra Singh Rajpurohit - Independent Director

III ) Relatives of Key Management Personnel -
a) Mrs. Shantabai R Zanwar (Prop of Sizemaster Inc)		b) Mrs.Sonali Gopal Zanwar (Partner of Sizemaster Multi Guaging)
c) Ms. Siya Zanwar - Employee

Transactions during the year with relatedparties
Particulars		Associates		Key Management Personnel		Relatives Of Key Management Personnel
		2024- 2025	2023- 24	2024- 2025	2023-24	2024- 2025	2023-24
1) Transactions during theyear

a) Unsecured Loan

i) Taken during the year		-	-	-	300.05	-	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

ii) Repaid during the year		-	-	40.00	100.08	-	-

b) Revenue Items

i) Sale of Goods		4.86	1.18	-	-	8.97	1.24

ii) Purachase of RM		273.25	59.44	-	-	14.98	17.72

c) Interest

Interest on Unsecured Loan paid duringtheyear		-	-	-	-	-	-

d) Rent paid		-	-	5.16	1.20	-	-

e) Managerial Remuneration paid duringtheyear*		-	-	30.37	7.50	-	-

f) Purchase of Capital Items		-	-	-	-	-	-

g) Issue of Equity Prefrential basis	Shares on	-	-	-	-	-	-

2) Balance outstanding as onyear end**

a) Debts Due		85.48	28.05	12.94	230.85	14.98	11.62

b) Debts receivable		1.47	3.80	-	-	9.86	0.09

c) Unsecured Loan/ICD		-	-	188.17	228.17	-	-

d) Managerial Remuneration Payable		-	-	0.26	-	-	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919


	e) Managerial Remuneratio n Payable- Commission		-	-	-	-	-	-

	f) Interest Payable on Unsecured Loan		-	-	-	-	-	-

	g) Loans & Advances receivable			7.55	-	-	-	-

	* Managerial remuneration includes employers PF contribution but excludes post employment benefit of gratuity and Provision for leave benefit scheme, as separate figures for KMP and relatives of KMP is not available beingactuariallydetermined on an overall basis.
	The sitting fees paid to non-executive directors is ₹ 0.78 Lakh. and ₹ 0.90 Lakh. for the year ended March 31,2025 and March 31,2024 respectively.

4 5	Income Tax
	45.1 Reconciliation of tax expenses and accounting profit multiplied bytax rate

	Particulars				For the year ended March 31, 2025		For the year ended March 31, 2024
	Profit before income tax expense					349.39		311.43
	Tax at the Indian tax rate (2023-24:25.168%)	of 25.168%				87.93		78.38
	Effect of non- deductible expenses					0.07		0.02
	Effect of tax exempt income					-		-
	Effect of Tax of Earlier Years					-		-
	Effect of other					-		-
	Effect of deferred tax change in rate					(0.30)		(0.33)
	Income Tax expense of currentyear					87.70		78.07

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

45.2 Deferred Tax Liabilities/ (Assets) (net)	45.2 Deferred Tax Liabilities/ (Assets) (net)

The balance comprise of temporary differences attributable to
Particulars				As at		As at
				31-Mar-25		31-Mar-24
Deferred Tax Liabilities
Relating to PPEWDV					-		-
Income chargeable on realization basis					-		-
					-		-

Deferred Tax Assets
Relating to PPEWDV					0.68		0.38
Defined Benefit Obligations					-		-
					0.68		0.38

Net Deferred Tax (Liabilities)/ Asset					0.68		0.38

Movement in tax liabilities	deferred
Particulars		PPE WDV		Others		Total
As on 31.03.2024			-		-		-
Charged/(cre dited)
To Profit and loss			-		-		-
To OCI			-		-
As on 31.03.2025			-		-		-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Movement in deferred tax assets	Movement in deferred tax assets
	Particulars	PPE WDV	Defined Benefit Obligation	Tax Losses		Total
	As on 31.03.2024	0.38	-	-		0.38
	Charged/(cre dited)
	To Profit and loss	(1.06)	-	-		(1.06)
	To OCI	-	-	-		-
	As on 31.03.2025	(0.68)	-	-		(0.68)

	Particulars			2024-2025		2022-2024
	Total Deferred Tax charged/ (credited)toprofit and loss				(1.06)		(0.07)
	Total Deferred Tax charged/ (credited)toOCI				-		-

4 6	The Company has not advanced any loans or advances in the nature of loans to specified persons viz. promoters, directors, KMPs, related parties; which are repayable on demand or where the agreement does not specify any terms or period of repayment.

4 7	The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: (a) 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 (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

4 8	The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

4 9	The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).	The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).	The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).	The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).	The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).	The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).	The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

5 0	The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

5 1	Disclosure related to Struck-Off Companies
	There are no transactions and / or disputed balances outstanding with companies struck off under section 248of theCompanies Act,2013.

5 2	Dividends
	The Company has not proposed, declared or paid the Dividend during the year ended March 31, 2025and March31,2024

5 3	Ratio Analysis

	Ratios	Numerator	Denominator	2024- 25	2023- 24	Varia nce	Reason

	(a) Current ratio	Total current assets	Total current liabilities	2.57	3.27	-21%	-

	(b) Debt- Equity ratio	Debt consists of borrowings and lease liabilities.	Total equity	0.14	0.20	-32%	Refer Note 1

	(c) Debt service coverage ratio	Earning for Debt Service = Net Profit after taxes + Non- cash operating expenses + Interest	Debt service = Interest and lease payments + Principal repayments	1.41	1.09	29%	Refer Note 1

	(d) Return on EquityRatio	Net Profits after taxes	Average total equity	0.20	0.21	-9%	-

	(e) Inventory turnover ratio,	Cost of goods sold	Average Inventory	1.64	1.42	16%	-

	MANUFACTURER OF:	THREAD GAUGES, PLAIN	GAUGES, MULTI GAUGING, TAPER GAUGES, SPLI			NE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919


	(f) Trade Receivables turnover ratio,	Revenue from operations	Average trade receivables	4.52	4.33	4%	-

	(g) Trade payables turnover ratio,	Cost of goods sold	Average trade Payables	1.98	3.90	-49%	Refer Note 2

	(h) Net capital turnover ratio,	Revenue from operations	Average working capital (i.e. Total current assets less Total current liabilities	1.24	0.93	34%	Refer Note 3

	(i) Net profit ratio,	Profit for the year	Revenue from operations	0.18	0.21	-13%	-

	(j) Return on Capital employed,	Profit before tax and finance costs	Capital employed = Net worth + Total Debt + Lease liabilities + Deferred tax liabilities	0.21	0.22	-3%	-

	(k) Return on investment	Income generated from invested funds	Average invested funds in treasury investments	0.09	0.10	-8%	-

	Note 1 - Repayment of Short term borrowing has improved the ratio
	Note 2 - Increase in manufacturing and trading activity which leads to increase inpurchases duringtheyear.
	Note 3 - Increase in revenue from operations and also increase in current assets &current Liablities as refered in note 1 above.

5 4	Update on Code on Social Security, 2020

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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The Code on Social Security,2020 ('Code') relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.

5 Recent

5 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. The Ministry of Corporate Affairs (MCA), pursuant to a notification dated May 7th 2025, has amended Ind AS 21 to provide guidance on determining the exchange rate when a currency is not exchangeable. The amendment is applicable for annual periods beginning on or after April 1, 2025, with early application permitted. The Company is currently evaluating the impact of this amendment on its financial statements and expects to complete the evaluation before the effective date. At present, the Company does not anticipate any material impact; however, a detailed assessment is ongoing.

	The Code on Social Security,2020 ('Code') relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record anyrelated impact in theperiod the Code becomes effective.	The Code on Social Security,2020 ('Code') relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record anyrelated impact in theperiod the Code becomes effective.	The Code on Social Security,2020 ('Code') relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record anyrelated impact in theperiod the Code becomes effective.	The Code on Social Security,2020 ('Code') relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record anyrelated impact in theperiod the Code becomes effective.	The Code on Social Security,2020 ('Code') relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record anyrelated impact in theperiod the Code becomes effective.
5 5	Recent 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. The Ministry of Corporate Affairs (MCA), pursuant to a notification dated May 7th 2025, has amended Ind AS 21 to provide guidance on determining the exchange rate when a currency is not exchangeable. The amendment is applicable for annual periods beginning on or after April 1, 2025, with early application permitted. The Company is currently evaluating the impact of this amendment on its financial statements and expects to complete the evaluation before the effective date. At present, the Company does not anticipate anymaterial impact;however,a detailed assessment is ongoing.

5 6	Previous years' figures have been regrouped/rearranged, wherever necessary.

	As per our report of even date
	For GMKS & Co.	On behalf of Board of Directors
	Chartered Accountants	Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd)
	FRN: 139767W	CIN: L74110PN1991PLC 223919


	CA. Maya Joshi	Gopal Zanwar	Kiran Zanwar	Shantaram Ankam	Aishwarya Parwal
	Partner	Managin g Director	Non Executiv e Director	CFO	Company Secretary
	(M. No. 144117)	DIN 0953796 9	DIN 0965340 2		M. No. A67170
	Place : Pune
	Date : 28/05/2025

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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INDEPENDENT AUDITOR’S REPORT

To The Members of Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd), Pune

Report on the Audit of the Consolidated Financial Statements

Opinion

We have audited the accompanying consolidated financial statements of Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd) (the “Company”) and its subsidiary ProtoD Technology Private Limited (the Company), Sizemaster Calibrations Services LLP, Aurum Technology LLP (its subsidiary constitute “the Group”), which comprise the Consolidated Balance Sheet as at March 31, 2025, the Consolidated Statement of Profit and Loss (including Other Comprehensive Income), Consolidated Statement of Changes in Equity, and the Consolidated Statement of Cash Flows for the year then ended and notes to the consolidated financial statements, including a summary of the material accounting policies and other explanatory information (hereinafter referred to as “the consolidated financial statements”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid consolidated financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity the Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”) and other accounting principles generally accepted in India, of the consolidated state of affairs of the Group as at March 31, 2025 and its consolidated profit and consolidated total comprehensive income, consolidated changes in equity and consolidated cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the standards on auditing as specified under section 143 (10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s responsibilities for the Audit of the consolidated financial statements section of our report. We are independent of the Company in accordance with the code of ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the consolidated financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the consolidated financial statements.

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Key Audit Matters

Key Audit Matters (KAM) are those matters that, in our professional judgment, were of most significance in our audit of the consolidated financial statements for the financial year ended March 31, 2025. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. For each matter below, our description of how our audit addressed the matter is provided in that context.

Sr. No.	Key Audit Matters	How our audit addressed the key audit matter
1.	Inventories Inventory represents 15% of total assets of the Company as at March 31, 2025. Correctness, completeness and valuation are critical for reflecting true and fair financial results of operations. Considering the relative significance of the Inventory to the consolidated financial statements, we have considered the existence and allowance for inventory obsolescence of inventory as key audit matter	Audit Procedures Performed Our audit response in respect of testing the existence of inventories consisted of following procedures:  Procedures to test the existence of inventories consisted of testing the relevant internal controls, including in specific the testing of the inventory physical verification process that is performed annually by management  We observed the physical verification of Inventory conducted by management Our procedures in this regard included: - Observing compliance of stock count instructions by management personnel; observing steps taken by management to ascertain the existence inventory on the date of the count (including identification of non- moving, obsolete / damaged inventory); - Performing independent inventory counts on sample basis and reconciling the same to the management counts (wherever applicable); - On a sample basis, testing the reconciliation of the differences in inventory quantity between the physical count and the books of accounts, including accounting of such variances.

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Information Other than the Consolidated financial statements and Auditor’s Report Thereon

The Company’s management and Board of Directors are responsible for the other information. The other information comprises the information included in Management Discussion and Analysis, Report of the Directors, Boards Report including Annexure to Boards Reports, Business Responsibility Report, Corporate Governance and Shareholders information, the Overview of Financial Performance, and Report on Risk Management (collectively referred as “other information”) but does not include the Consolidated financial statements and our auditor’s report thereon.

Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether such other information is materially inconsistent with the consolidated financial statements or our knowledge obtained during the course of the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact. We have nothing to report in this regard.

Responsibilities of Management for the Ind AS Consolidated financial statements

The Company’s management and Board of Directors are responsible for the matters stated in sub-section 5 of Section 134 of the Act with respect to the preparation of these consolidated financial statements that give a true and fair view of the consolidated financial position, consolidated financial performance (including other comprehensive income), consolidated changes in equity and consolidated cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under Section 133 of the Act, read with the Companies (Indian accounting standards) Rules 2015, as amended from time to time. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for preventing and detecting frauds and other irregularities, selection and application of appropriate accounting policies, making judgments and estimates that are reasonable and prudent, and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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The Board of Directors are also responsible for overseeing the Group’s financial reporting process.

Auditor’s Responsibility for the Audit of the Consolidated financial statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Group has adequate internal financial controls system in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Management and Board of Directors.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements for the financial year ended March 31, 2025 and are therefore the key audit matters.

Report on Other Legal and Regulatory Requirements

As required by clause (xxi) of paragraph 3 of the Companies (Auditor’s Report) Order, 2020 (the “Order”), issued by the Central Government of India in terms of Section 143(11) of The Act, based on consideration of order report issued of the subsidiary included in the consolidated financial statements and covered under the Act, we report that there are no qualifications or adverse remarks reported in the respective order reports of such subsidiary
(A) As required by Section 143(3) of the Act, we report that:
g) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.
h) In our opinion, proper books of accounts as required by law have been kept by the Group so far as it appears from our examination of those books except for the matters stated in paragraph 2. (B)(vi) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 (as amended).
i) The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss (including other comprehensive income), Consolidated Statement of Changes in Equity and the Consolidated Statement of Cash Flows dealt with by this Report are in agreement with the books of account.
j) In our opinion, the aforesaid consolidated financial statements comply with Ind AS specified under Section 133 of the Act.
k) On the basis of the written representations received from the directors of the Company, and taken on record by the Board of Directors of the Company, and reports of the statutory auditors of its subsidiary companies, covered under the Act, none of the directors of the Group companies are disqualified as on March 31, 2025 from being appointed as a director in terms of Section 164(2) of the Act.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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l) With respect to the adequacy of the internal controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate report in ‘Annexure A’, Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Company’s Internal Financial Controls over financial reporting.
(B) With respect to the other matters to be included in the Auditors’ Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended, in our opinion and to the best of our information and according to the explanations given to us:
vii. The Group has disclosed the impact of pending litigations on its financial position in its consolidated financial statements as of March 31, 2025 (Refer note 35.1 of consolidated financial statements);
viii. The Group did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
ix. There is no amount to be transferred, to the investor Education and Protection Fund by the Group
x. a) The respective Managements of the Parent and its subsidiaries which are companies incorporated in India, whose financial statements have been audited under the Act, have represented to us that, to the best of their knowledge and belief, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Parent or any of such subsidiaries to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, 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 Parent or any of such subsidiaries (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.;

b) The respective Managements of the Parent and its subsidiaries which are companies incorporated in India, whose financial statements have been audited under the Act, have represented to us that, to the best of their knowledge and belief, other than as disclosed in the notes to accounts, no funds (which are material either individually or in the aggregate) have been received by the Parent or any of such subsidiaries from any persons or entities, including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Parent or any of such subsidiaries shall, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Parties(“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

c) Based on the audit procedures that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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xi. As stated in Note 52 to the consolidated financial statements
(c) The Company has not proposed, declared or paid the Dividend during the year ended March 31, 2025.
xii. The reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 is applicable from 1 April 2023, based on our examination which included test checks, except for the instances mentioned below, the Group has used accounting software for maintaining its books of account, which have a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further, during course of audit we did not come across any instances of audit trail features being tempered with, other than of exception given below:
- The feature of recording audit trail (edit log) facility was not enabled for maintenance of Property Plant and Equipment records and for Payroll records throughout the year ended March 31, 2025
(C) With respect to the matter to be included in the Auditors’ Report under Section 197(16) of the Act:

In our opinion and according to the information and explanations given to us, the remuneration paid by the Group to its directors during the current year is in accordance with the provisions of Section 197 of the Act.

For GMKS & Co., Chartered Accountants

Firm Registration Number – 139767W

Maya Joshi Partner Membership No. 144117 Place: Pune Date: May 28, 2025 UDIN: 25144117BMKRPW1370

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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ANNEXURE A TO THE INDEPENDENT AUDITOR’S REPORT

REPORT ON THE INTERNAL FINANCIAL CONTROLS UNDER CLAUSE (I) OF SUB-SECTION 3 OF SECTION 143 OF THE COMPANIES ACT, 2013 (“THE ACT”)

Opinion

We have audited the internal financial controls over financial reporting of Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd) (“the Company”) and its subsidiary ProtoD Technology Private Limited (the Company), Sizemaster Calibrations Services LLP, Aurum Technology LLP, its subsidiary constitute “the Group”) as of March 31, 2025 in conjunction with our audit of the consolidated financial statements of the Company for the year ended on that date.

In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to consolidated financial statements and such internal financial controls were operating effectively as at March 31, 2025, based on the internal financial controls with reference to consolidated financial statements criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India (the “Guidance Note”).

Management’s Responsibility for Internal Financial Controls

Auditors’ Responsibility

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and their operating effectiveness.

Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error.

Meaning of Internal Financial Controls Over Financial Reporting

A company’s internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of consolidated financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company’s assets that could have a material effect on the consolidated financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

For GMKS & Co.,

Chartered Accountants

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Firm Registration Number – 139767W

Maya Joshi Partner Membership No. 144117 Place: Pune Date: May 28, 2025 UDIN: 25144117BMKRPW1370

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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CONSOLIDATED SFINANCIAL STATEMENT FOR THE FINANCIAL YEAR MARCH 31,

2025

(in Lakhs unless otherwise stated)

Particulars	Particulars	Particulars	Note No	As at March 31, 2025	As at March 31, 2024

ASSETS
I.		Non-current assets
		(a) Property, plant & equipment	3A	32.04	28.17
		(b) Capital work-in-progress	3B	-	-
		(c) Right of Use	3C	11.25	15.35
		(d) Intangible assets - Goodwill	4A	-	-
		(e) Intangible assets under development	4B	-	-
		(f) Financial Assets
		(i) Investments	5	-	-
		(ii) Others	6	-	-
		(g) Other non- current assets	7	5.09	-
		(h) Deffered Tax Asset (Net)	19	0.84	0.08
		Total non-current assets		49.22	43.60
II.		Current assets
		(a) Inventories	8	518.51	375.60
		(b) Financial Assets
		(i) Investments	9	-	-
		(ii) Trade receivables	10	750.56	464.41
		(iii) Cash & Cash Equivalent	11a	378.45	152.40
		(iv) Other Balance with Bank	11b	737.76	800.00

	M	ANUFACTURER OF: THREAD GAUGES, PL

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	(v) Loans & Advances	12	883.45	853.17
	(vi) Others	13	25.50	17.59
	(c) Other current assets	14	66.48	48.34
	Total Current Assets		3,360.71	2,711.50
	Total Assets		3,409.93	2,755.10

EQUITY AND LIABILITIES
Equity
	(a) Equity Share Capital	15	1000.00	1000.00
	(b) Other Equity		416.75	155.23
	(c ) Non Controlling Interest		(42.75)	(21.05)
	Total Equity		1,374.00	1,134.18
Liabilities
I.	Non Current Liablities
	(a) Financial Liabilities
	(i) Borrowings	16	-	-
	(ii) Lease Liability	17	8.75	13.09
	(b) Provisions	18	-	-
	(c) Deferred Tax Liabilities (Net)	19
	Total non-current liabilities		8.75	13.09
II	Current Liabilities
	(a) Financial Liabilities
	(i) Borrowings	20	1,299.06	1,208.92
	(ii) Lease Liability	21	4.19	3.61
	(iii) Trade Payables	22
	a. Due to Mirco and small Enterprises		96.22	2.05

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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----- Start of picture text -----

b. Due to other than Mirco and small
Enterprises 476.43 318.42
572.65 320.47
(iv) Others 23
1.02 0.56
(b) Other Current Liabilities 24
150.27 52.22
(c) Provisions for Employee 25
Benefits - 22.06
Total Current Liabilities
2,027.18 1,607.84
Total Liabilities
2,035.93 1,620.93
Total Equity & Liabilities
3,409.93 2,755.10
The accompanying notes are an integral part of these financial
statements.
As per our report of even date
For GMKS & Co. On behalf of Board of
Directors of
Chartered Accountants Sizemasters Technology Limited (Formerly known as Mewat
Zinc Ltd)
FRN: 139767W CIN:
L74110DL1991PLC046120
CA. Maya Joshi Gopal Kiran Shantaram Aishwarya
Zanwar Zanwar Ankam Parwal
Partner Managing Non CFO Company
Director Executive Secretary
Director
(M. No. 144117) DIN DIN M. No.
09537969 09653402 A67170
Place : Pune
Date : 28/05/2025
----- End of picture text -----

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH

31, 2025

CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2025	CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2025	CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2025	CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2025
(in Lakhs unless otherwise stated)
Particulars	Note No	For the year ended March 31, 2025	For the year ended March 31, 2024

Income
Revenue from operations	26	1,688.60	1,273.88
Other income	27	64.02	35.26

Total Income		1,752.62	1,309.15

Expenses
Cost of raw materials and components consumed	28(a )	866.41	735.13
Purchase of Traded Goods	28(b )	-	-
(Increase)/decrease in inventories of finished goods and work-in- progress	29	-32.70	-10.35
Employee benefits expense	30	235.09	125.76
Finance costs	31	14.04	4.07
Depreciation and amortisation expense	32	10.40	6.96
Other expenses	33	340.55	211.68

Total Expenses		1,433.80	1,073.25

Profit /(Loss) from ordinary activities before Exceptional Items and Taxes		318.82	235.90
Exceptional Items- Income / (Expenses)	34	-	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Net Profit before tax		318.82	235.90

Tax expense
Current tax		88.47	78.35
Adjustment of tax relating to earlieryears
Deferred tax		(0.76)	(0.03)
Total tax Expenses		87.71	78.32

Profit for the year		231.10	157.58

Other Comprehensive Income
A. Items that will not be reclassified subsequently to profit or loss
Remeasurementgains / (losses) on defined benefitplans
Tax (expense) / income relating to above
		-	-
B. Items that will be reclassified subsequentlytoprofit or loss
Total Other Comprehensive Income net off tax (A + B)		-	-

Total comprehensive income for the year attributable to Equity share holders of the Company		231.10	157.58
Attributable to -
a) Shareholder		243.16	258.02
b) Non Controlling Interest		-12.06	0.03
Earning per equityshare of Face value of ₹ 10 each:
(1) Basic	38	2.43	2.43
(2) Diluted	38	2.43	2.43

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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The accompanying notes are an integral part of these financial statements. As per our report of even date For GMKS & Co. On behalf of Board of Directors of Chartered Accountants Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd) FRN: 139767W CIN: L74110DL1991PLC0461 20 CA. Maya Joshi Gopal Kiran Shantaram Aishwarya Zanwar Zanwar Ankam Parwal Partner Managi Non CF Company ng Executi O Secretary Directo ve r Directo r (M. No. 144117) DIN DIN M. No. 095379 096534 A67170 69 02 Place : Pune Date : 28/05/2025

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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CONSOLIDATED STATEMENT CASH FLOWS FOR THE YEAR ENDED MARCH 31, 2025

		(in Lakhs unless otherwise stated) For the year ended March 31, 2025 For the year ended March 31, 2024 318.82 235.90 - - 1.29 12.47 - - 10.40 6.96 - - - - - - 12.54 4.07 (61.74) (25.47) 281.31 233.92 (287.44) (441.79) (48.42) (52.71) (142.91) (10.35)	(in Lakhs unless otherwise stated) For the year ended March 31, 2025 For the year ended March 31, 2024 318.82 235.90 - - 1.29 12.47 - - 10.40 6.96 - - - - - - 12.54 4.07 (61.74) (25.47) 281.31 233.92 (287.44) (441.79) (48.42) (52.71) (142.91) (10.35)
	Particulars	For the year ended March 31, 2025	For the year ended March 31, 2024

A .	CASH FLOWS FROM OPERATING ACTIVITIES
	Net Profit/ (Loss) Before Tax	318.82	235.90
	Adjustment for
	Provision for bad and doubtful debts	-	-
	Unrealised Foreign Exchange Loss / (Gain) (Net)	1.29	12.47
	Unrealised Foreign Exchange (Loss) / Gain of P.Y. now realised	-	-
	Depreciation and Amortization Expenses	10.40	6.96
	Gain on disposal of property, Plant and Equipment	-	-
	Profit on sale of Investments	-	-
	Re-statement Loss / (Gain) on Mutual Fund	-	-
	Interest paid/Finance Cost	12.54	4.07
	Interest /Dividend Received	(61.74)	(25.47)
	Operating Profit/(Loss) before Working capital changes	281.31	233.92
	Adjustments for
	Trade receivables	(287.44)	(441.79)
	Financial and other assets (Current and non current)	(48.42)	(52.71)
	Inventories	(142.91)	(10.35)

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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	Trade payables		252.18	269.67
	Provision		-	45.74
	Financial and other liabilities		94.74	(2.74)
	Cash generated from operations		149.47	41.75
	(Taxes Paid)/ Refund Received		(116.43)	(61.73)
	NET CASH FROM OPERATING ACTIVITIES	(A)	33.04	(19.98)
B.	CASH FLOWS FROM INVESTING ACTIVITIES
	Purchase of Fixed Assets(Net of earlier year Capital WIP if any)		(3.27)	(27.70)
	Adjustment for creditors relating to capital purchases		-	(4.13)
	Adjustment for advances relating to capital purchases		-	-
	Sale / (Purchase) of Investment (Non-Current) - Net		-	-
	Loans Provided		-	(840.00)
	Profit/(Loss) on Sale of Investments net of purchases during the year		-	-
	Investment / (Maturity) in Fixed Deposits		62.24	(200.00)
	Interest/Dividend Received		53.83	8.37
	NET CASH FROM INVESTING ACTIVITIES	(B)	112.80	(1,063.46)
C .	CASH FLOWS FROM FINANCING ACTIVITIES
	Issued Share Capital		1.80	0.49
	Secured current Loans		130.14	-
	Unsecured loans raised during the year		- 40.00	1,180.72
	Less :- Unsecured Loan Repayment made during the year		-	-
	Unsecured Loans Accepted / (Repaid) (net)		- 40.00	1,180.72

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Interest paid	Interest paid	Interest paid		(11.74)	(11.74)	(1.77)
	NET CASH FROM FINANCING ACTIVITIES			(C)	80.21		1,179.43
D .	NET INCREASE IN CASH AND CASH EQUIVALENTS			(A) + (B) + (C)	226.04		95.99
	GENERATED DURING THE YEAR
	Cash and Cash Equivalents Opening Balance				152.41		56.41
	Cash and Cash Equivalents Closing Balance				378.45		152.40

	Cash and cash equivalents comprise of the following:
	Cash on hand				1.01		1.95
	Balances with banks - Current accounts				377.44		150.46
	Balances with banks - Cash Credit Account				-		-
					378.45		152.41

The above cash flow statement has been preapred under the "Indirect Method" as set out in Ind AS 7 on statement of cash flow.
The accompanying notes are an integral part of these financial statements.

As per our report of even date
For GMKS & Co.		On behalf of Board of Directors of
Chartered Accountants		Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd)
FRN: 139767W		CIN: L74110DL1991PLC046120


CA. Maya Joshi		Gopal Zanwar	Kiran Zanwar			Shantara m Ankam	Aishwary a Parwal
Partner		Managing Director	Non Executive Director			CFO	Company Secretary

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

(M. No. 144117)	DIN 09537969	DIN 09537969	DIN 09653402			M. No. A67170
Place : Pune	Place : Pune
Date : 28/05/2025	Date :

STATEMENT OF CHANGES IN THE EQUITY FOR THE YEAR ENDED MARCH 31, 2025 (in Lakhs unless otherwise stated)

A. Equity Share Capital	A. Equity Share Capital

For the year ended March 31, 2025

Balance as at April 1, 2024		Changes in Equity Share Capital due to prior period errors		Restated balance at the beginning of the current reporting period	Changes in Equity Share Capital During the year	Balance as at March 31, 2025
1,000.00		-		-	-	1,000.00



For the year ended March 31, 2024

Balance as at April 1, 2023		Changes in Equity Share Capital due to prior period errors		Restated balance at the beginning of the current reporting period	Changes in Equity Share Capital During the year	Balance as at March 31, 2024
1,000.00		-		-	-	1,000.00

For the year ended March 31, 2023

Balance as at April 1, 2022		Changes in Equity Share Capital due to prior period errors		Restated balance at the beginning of the current reporting period	Changes in Equity Share Capital During the year	Balance as at March 31, 2023
	400.00	-		-	600.00	1,000.00
	MANUFACTURER OF: THREAD	GAUGES, PLAIN GAUGES, MULTI GAUGING, TA			PER GAUGES, SPLINE GAUGES, PCD &
			RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919



B. Other Equity

For the year ended March 31, 2025

Particulars	Capital Reserve	General Reserve	Retained Earning	Total
Balance as at April 01, 2024	15.00	-	140.23	155.23
Cost of control- Calibration LLP	18.36			18.36
Profit for the year			243.16	243.16
Remeasurement of net defined benefit plan net of tax effect				-
Dividends paid				-
Transfer to General Reserves				-
Balance as at March 31, 2025	33.36	-	383.39	416.75


For the year ended March 31, 2024

Particulars	Capital Reserve	General Reserve	Retained Earning	Total
Balance as at April 01, 2023	15.00	-	(38.89)	(23.89)
Profit for the year			179.12	179.12
Remeasurement of net defined benefit plan net of tax effect				-
Dividends paid				-
Transfer to General Reserves				-
Balance as at March 31, 2024	15.00	-	140.23	155.23

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

The accompanying notes are an integral part of these financial statements.

The accompanying notes are an integral part of these financial statements.	The accompanying notes are an integral part of these financial statements.

As per our report of even date
For GMKS & Co.	On behalf of Board of Directors of
Chartered Accountants	Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd)
FRN: 139767W	CIN: L74110DL1991PLC0461 20


CA. Maya Joshi	Gopal Zanwar	Kiran Zanwar	Aishwarya Parwal	Aishwary a Parwal




Partner	Managing Director	Non Executive Director	Company Secretary	Company Secretary
(M. No. 144117)	DIN 09537969	DIN 09653402		M. No. A67170
Place : Pune	Place : Pune
Date : 28/05/2025	Date : 28/05/2025

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH 31, 2025

Particulars	Gross Block	Gross Block	Gross Block	Gross Block	Gross Block	Depreciation	Depreciation	Depreciation	Depreciation	Net Block	Net Block
	As at 01- 04- 23	LL P op val ue	Additi ons Durin g the year	Dedu ction s	As at 31- 03-24	As at 01- 04-23	Addi tions Duri ng the year	Dedu ction s	As at 31- 03- 2024	As at 31- 12-24	As at 31- 03- 2023


Electrical Equipment	2.0 8	2.9 2	0.99		5.99	0.19	0.92		1.11	4.88	1.89
Block of 40% Aurum	-	0.9 2	1.58		2.50	-	0.68		0.68	1.81	-
Plant & Machinery	29. 12	3.0 6	0.70	-	32.88	2.83	4.71	-	7.54	25.34	26.29

Total (A)	31. 20	6.9 0	3.27	-	41.37	3.02	6.32	-	9.34	32.04	28.18
As at March 31, 2024

*The Company does not have any Immovable Property whose title deeds are not held in Company										the name of the

Note 3B : Capital Work in Progress

Particulars	Gross Block					Depreciation				Net Block
	As at 01-		Additi ons Durin	Dedu ction s	As at 31- 03-24	As at 01- 04-23	Addi tions Duri ng	Dedu ction s	As at 31- 03- 2024	As at 31- 12-24	As at 31- 03- 2023

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	04- 23	g the year				the year
Capital Work in Progress	-	-	-	-	-	-	-	-	-	-
As at March 31, 2024	-	-	-	-	-	-	-	-	-	-

Note 3C : Right of Use Asset#

Particulars	Gross Block				Depreciation				Net Block
	As at 01- 04- 23	Additi ons Durin g the year	Dedu ction s	As at 31- 03-24	As at 01- 04-23	Addi tions Duri ng the year	Dedu ction s	As at 31- 03- 2024	As at 31- 12-24	As at 31- 03- 2023
Factory Premises	20. 46	-	-	20.46	5.12	4.09	-	9.21	11.25	15.34

Total	20. 46	-	-	20.46	5.12	4.09	-	9.21	11.25	15.34
As at March 31, 2024

Note 4A : Intangible Assets#

Particulars	Gross Block				Depreciation				Net Block
	As at 01- 04- 23	Additi ons Durin g the year	Dedu ction s	As at 31- 03-24	As at 01- 04-23	Addi tions Duri ng the year	Dedu ction s	As at 31- 03- 2024	As at 31- 12-24	As at 31- 03- 2023

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Computer Software	Computer Software	-	-	-	-	-	-	-	-	-	-	-

Total		-	-	-	-	-	-		-	-	-	-
As at March 31, 2024		-	-	-	-	-	-		-	-	-	-

#The Company has not revalued its Property, Plant and Equipment and Right of Use assets or intangible assets duringtheyear.

Note 4B: Intangible Asset Under Development

Particulars		Gross Block				Depreciation					Net Block
		As at 01- 04- 23	Additi ons Durin g the year	Dedu ction s	As at 31- 03-24	As at 01- 04-23	Addi tions Duri ng the year		Dedu ction s	As at 31- 03- 2024	As at 31- 12-24	As at 31- 03- 2023
Intangible Asset Under Development		-	-	-	-	-	-		-	-	-	-
As at March 31, 2024		-	-	-	-	-	-		-	-	-	-

Note - Ageing of CWIP and Intantible Assest is not provided as balance as at Balancesheet date in Nil.

Not e No	Particulars							As at March 31,2025			As at March 31,2024

5	Non-current Investments
	Investments in Equity Instruments							-			-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

132 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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		Investment in Subsidiary				-	-
						-	-

6		Other Non-current Financial Assets
		Loan to Subsidiary				-	-

						-	-

7		Other Non-current Assets
		Advance Tax and TDS net off provision for tax				5.09	-

						5.09	-

8		Inventories
		(As valued, verified and certified by Management)				-
		Work-in-Progress				135.26
		Finished Goods				20.13	12.48
		Stock of Traded Goods				363.12	363.12

						518.51	375.60
		8.1 For mode of valuation refer note no. 2.9

9		Current Investments
		Quoted investments at fair value through Profit and Loss A/c					-
		Investments in Mutual Funds				-	-

	MA	NUFACTURER OF: THREAD GAUGES, PLA	IN GAUGES, MU		LTI GAUGING, TA	PER GAUGES, SPLINE GAUGES, PCD &
				RELATION	GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

		-	-

10	Trade Receivables
	(Unsecured, Considered good unless otherwise stated)
	Considered Good*	750.56	464.41
	Considered Doubtful	-	-
		750.56	464.41
	Less: Provision for Doubtful Debts	-	-

		750.56	464.41
	*Includes receivable from related parties of ₹ 261.92 Lakh (PY ₹ 0.10 Lakh)

- Ageing of Trade Receivables As at March 31, 2025

Ageing of Trade Receivables- As at March 31, 2025	Ageing of Trade Receivables- As at March 31, 2025	Ageing of Trade Receivables- As at March 31, 2025	Ageing of Trade Receivables- As at March 31, 2025	Ageing of Trade Receivables- As at March 31, 2025	Ageing of Trade Receivables- As at March 31, 2025
Particulars	Amount not due for Receipt	Less than 6 Months	6 Months - 1 Year	1-2 Years	2-3 Years
i ) Undisputed Trade Receivables -Considered Goods		538.67		211.89
ii ) Undisputed Trade Receivables -Considered Doubtful
iii ) Disputed Trade Receivables -Considered Goods
iii ) Disputed Trade Receivables -Considered Doubtful
Total
Less : Provision for Doubtful debts
Total	-	538.67	-	211.89	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919


	Ageing of Trade Receivables- As at March 31, 2024

	Particulars	Amount not due for Receipt		Less than 6 Months		6 Months - 1 Year		1-2 Years		2-3 Years
	i ) Undisputed Trade Receivables -Considered Goods			252.52		211.89				-
	ii ) Undisputed Trade Receivables -Considered Doubtful					-		-		-
	iii ) Disputed Trade Receivables -Considered Goods					-		-		-
	iii ) Disputed Trade Receivables -Considered Doubtful					-		-		-
	Total					-		-		-
	Less : Provision for Doubtful debts
	Total			252.52		211.89

11a	Cash & Cash Equivalents
	Cash in Hand						1.01		1.95
	Balance with banks-
	On Current Accounts						377.44		150.46
	Total Cash & Cash Equivalents				(A)		378.45		152.40

11 b	Other Bank Balances
	(i) Balance in Unpaid Dividend		Account				0.00		-
	(ii) Margin money deposits						0.00		-

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

135 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	(iii) Deposits maturing after 3 months		0.00	-
	(iv) Deposits maturing after 6 months		737.76	800.00
	Total Other Bank Balance	(B)	737.76	800.00

	Total Cash & Bank Balance (A + B)		1,116.21	952.40

12	Loans & Advances
	(Unsecured, considered good)
	Advance to Supplier		24.40	5.62
	Loan to Others		19.05	7.55
	Advance to Others		-
	Loan to Subsidiary*		840.00	840.00

			883.45	853.17

13	Other Current Financial Assets
	Interest accrued on Loan		-	-
	Interest accrued on Deposits		25.50	17.59

			25.50	17.59

14	Other Current Assets
	Prepaid expenses		0.38	-
	Imprest balance with employees		2.48	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

		Balances with statutory/government authorities	Balances with statutory/government authorities	19.43	-
		Deposits with Customer		-	-
		Others - GST Credit Ledger Balance		44.19	48.34
		Other recievable (Calibration)		-	-
		TDS Recievable (Calibration)		-	-

				66.48	48.34

15		Equity Share Capital
		Authorised Share Capital
		105,00,000 Equity Shares of ₹ 10/- each (As on March 31, 2023 - 50,00,000 Equity Shares)		1050.00	1050.00

		Issued, Subscribed and Paid Up capital

		100,00,000 Equity Shares of ₹ 10/- each fully paid up and issued at par (As on March 31, 2022 - 40,00,000 Equity Shares)		1000.00	1000.00

				1,000.00	1,000.00

		15.1 Terms / rights attached to shares:	equity

		The company has only one class of equity shares having a face value of ₹ 10/- per share. Each holder of equity share 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 remaining assets of the Company. The distribution will be inproportion to the number of equityshares held bythe shareholders.

		15.2 The details of shareholders holding more than 5% of equity shares

	M	ANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES RegisteredOffice: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India.Tel:+912026816197_I_26816168.Fax:+912026822263I Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

			Name of the shareholders	31-Mar-25	31-Mar-25	31-Mar-24	31-Mar-24	31-Mar-24
				% of Holding	Number	% of Holding		Number
			Gopal Zanwar	64.06%	64,05,730	64.06%		64,05,730
			15.3 Promotors Shareholding
					31-Mar-25			31-Mar-24
			Promoter name	No. of shares	% of Total Shares	% Change during the year		No. of shares	% of Total Shares
			Gopal Zanwar	64,05,730	64.06%	0.00%		64,05,730	64.06%
			Kiran Zanwar	40,000	0.40%	0.00%		40,000	0.40%
			Mayur Zanwar	40,000	0.40%	0.00%		40,000	0.40%
			Total	64,85,730	64.87%			64,85,730	64.87%

16			Non-current Borrowings
			Secured
			Term loan from Banks
			For Vehicle			-		0.00	-
			For Others			-		0.00	-

						-		-	-

17			Non-current Lease Liability

			Lease Liability (Refer note no. 37)			8.75		13.09	16.64

						8.75	13.09		16.64


18			Non-current Provisions

	M	A

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Employee benefit liabilities
	Gratuity payable (Refer note no. 36.2 )	-	0.00	-

		-	-	-

19	Deferred Tax Liabilities (Net)
	Components of Deferred tax assets/liabilities are as under:
	Deferred Tax Liabilities
	Relating to PPE WDV	-	0.00	-
	Income Chargeable on realisation basis	-	0.00	-
		-	-	-
	Deferred Tax Assets
	Expenses allowable on payment basis
	Relating to PPE WDV	0.84	0.08	0.05
	Defined Benefit Obligations	-	0.00	-
		0.84	0.08	0.05

	Net Deferred Tax (Asset) / Liabilities (Net)	0.84	0.08	0.05

20	Current Borrowings
	Secured
	Working Capital Loans from Banks
	Rupee Loans from Banks	130.14	0.00	-
	Foreign Currency Loans	-	0.00	-
	Unsecured	-
	Short Term Borrowing from Promotors**	1,168.92	1208.92	28.20
		-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED	SIZEMASTERS TECHNOLOGY LIMITED	SIZEMASTERS TECHNOLOGY LIMITED
CIN: L74110PN1991PLC223919
		28.20
1,299.06	1,208.92

20.1 The Company does not have any charges or satisfaction which is yet to be registered with the Registrar of Companies (ROC) beyond the statutory period.

20.2 Short term borrowings raised from Promotor during the financial year 2022-23 for working capital purpose. The loan is free of interest and is repayable on demand.

20.3 The Company has not raised any borrowing from banks and financial institutions during the year 20.4 The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter at any time during the financial year or after the end of reporting period but before the date when financial statements are approved.

20.5 The Company has not defaulted on repayment of loans and interest payment thereon during the current and previous year.

21	Current Lease Liability
	Lease Liability (Refer note no. 37(b))	4.19	3.61

		4.19	3.61

22	Trade Payables
	Total outstanding dues of Micro and Small Enterprises*	96.22	2.05
	Trade Payables Others*	476.43	318.42

		572.65	320.47

	*Includes payable to related parties of ₹ 287.44 Lakh (PY ₹ 2.63 Lakh)

22.1 As defined under Micro,Small and Medium Enterprises Development Act, 2006, the disclosure in respect of the amount payable to such enterprises as at March 31,2025 has been made in the financial statement based on information received available and identified by the company.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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----- Start of picture text -----

As at As at
Particulars March 31, March
2025 31, 2024
a) the principal amount remaining unpaid to any suppliers as at
the end of each accounting year. 96.22 2.05
b) the interest due thereon remaining unpaid to any supplier as at
the end of each accounting year. - -
c) the amount of interest paid by the Company in terms of
Section16, of the MSMED Act2006 along with the amounts of the - -
payment made to the supplier beyond the appointed day during
each accounting year.
d) the amount of interest due and payable for the period of delay
in making payment (which have been paid but beyond the - -
appointed day during the year ) but without adding the interest
specified under MSMED Act,2006.
e) the amount of interest accrued and remaining unpaid at the
end of each accounting year; and - -
f) the amount of further interest remaining due and payable even
in the succeeding years, until such date when the interest dues as - -
above are actually paid to the small enterprise for the purpose of
disallowance as a deductible expenditure under section 23 of the
MSMED Act,2006
-
22.2 Ageing of Trade Payables As at March 31, 2025
Particulars Unbilled Not Due Below 1 Year 1 - 2 Year 2-3 Year
MSME
96.22
Trade Creditors
6.00 470.43
Total
6.00 - 566.65 - -
-
22.2 Ageing of Trade Payables As at March 31, 2024
Particulars Unbilled Not Due Below 1 Year 1 - 2 Year 2-3 Year
MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &
RELATION GAUGES
----- End of picture text -----

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

MSME	MSME	MSME	-	-	-		1.43	1.43	-		-
Trade Creditors			4.00		-		45.38		-		-
Total			4.00		-		46.81		-		-

23		Other Current Financial Liabilities
		Other Payables*						1.02		0.56
		LLP Partners Current capital						-
								1.02		0.56

24		Other Current Liabilities
		Payables for capital goods purchased*						-		0.00
		Provisions Payable - Salarie payable to employee						13.58		1.53
		Advances from customers						129.48		45.90
		GST/VAT/TDS/Service tax/Withholding taxes, other taxes and contribution payables						7.21		4.79
								150.27		52.22


25		Provisions for Employee Benefits
		Leave encashment						-		0.00
		Bonus and Gratuity						-		0.00
		Provision for Taxes Net of Advance Tax						-		22.06


	MA	NUFACTURER OF: THREAD GAUGES, PL		AIN GAUGES, MU		LTI GAUGING, TA
					RELATION

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

					-		22.06

26		Revenue from Operations
		Sale of products				1,688.60	1,273.80

						1,688.60	1,273.80

		Other operating income				-	0.08

						1,688.60	1,273.88

27		Other Income
		Interest Income				61.74	25.47
		Other non - operatingincome				2.28
		Net gain on exchange fluctuation				-	9.79

						64.02	35.26

28(a)		Cost of raw Material Consumed
		Raw Material Consumed				866.41	735.13

						866.41	735.13

28 (b)		Purchases for Traded Goods
		Purchases				-	-

						-	-

29		(Increase) / Decrease in Inventories

	MANU	FACTURER OF: THREAD GAUGES, PLAIN GAUGES, MU		LTI GAUGING, TA	PER GAUGES, SPLINE GAUGES, PCD &
			RELATION	GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

143 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

		Opening Stock :
		Work In Progress	110.22	-
		Finished Goods	12.48	-
		Traded goods	363.12	365.25
			485.82	365.25
		Less:- Closing Stock :
		Work In Progress	135.26	-
		Finished Goods	20.13	12.48
		Traded goods	363.12	363.12
			518.51	375.60

		(Increase) / Decrease in Inventories (Net)	(32.70)	(10.35)

30		Employee Benefit Expenses
		Salaries, Wages, Bonus	235.09	125.76

			235.09	125.76
		30.1 Additional disclosure asper IND AS 19 isprovided in Note No. 36

31		Finance Cost
		Interest On Lease Liability	1.50	1.77
		Interest on Intercompany Loan	-	-
		Interest on Loans	11.74	-
		Interest on Income Tax	0.81	2.29
			14.04	4.07

32		Depreciation and Amortisation Expenses

	MANU	FACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

144 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	Depreciation of PPE	6.31	2.87
	Right of Use	4.09	4.09
	Amortisation of intangible assets	-	-

		10.40	6.96

33	Other Expenses
	(A)Manufacturing Expenses:
	Stores and Consumables	-	-
	Power, fuel and Water Charges	2.49	6.76
	Labour charges, sub-contracting charges and machine hire charges	188.36	102.31
	Insurance	1.80	0.60

	(A)	192.66	109.67
	(B)Administration, Selling and Establishment Expenses:
	Professional and Consultancy fees	18.78	15.80
	Travelling,conveyance and vehicle maintenance	5.49	20.04
	Postage, telegram and telex	13.80	-
	Rent	-	-
	Frieght Charges	22.35	-
	Repairs and maintenance	1.21	-
	Rates and Taxes	0.68	-
	Directors Sitting Fees	-	0.87
	Directors Professional Fees	30.83	24.75
	Partners Remuneration	11.58

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

145 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

==> picture [224 x 70] intentionally omitted <==

Annual listing fees	3.72	4.44
GST & Other Taxes absorbed	-	-
Meeting Expenses	9.77	0.50
Other Repairs	-	-
Donations	-	-
Unrealised Exchange Fluctuation Loss	1.29	-
Bank Charges	1.14	0.47
Discounts and Rate difference	4.31	-
Breakages and Damages	-	-
Net Loss on exchange fluctuation	0.42	12.47
Web Service Charges	-	1.78
Sales promotion and Advertisement Expenses	1.01	1.06
Exchange Fluctuation Loss	-	-
Electricity expense	8.55	-
Carriage outward, Packing and Forwarding Expenses	-	-
Packing expenses	-	-
Telephone Expense	-	-
Provision for Bad and Doubtful debts	-	-
Remuneration to auditors (Refer Note No. 33.1)	7.43	4.90
Penalty	-	-
Insurance Expenses	-	-
Other Miscellaneous Expenses	5.55	14.93

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

146 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

							(B)	147.89	102.01

			Total(A+B)					340.55	211.68

			33.1 Payment to Statutory Auditors
			(In respect of debit to Profit and Loss A/c)
			As a Auditor
			Satutory Audit Fees					6.00	-
			Limited Review of Quarterly Results					0.90	-

								-	-
			In Other Capacity
			Certification Work etc.					-	-

								-	-

34			Exceptional Items- Income					-	-

								-	-


3 5		CONTINGENT LIABILITIES AND COMMITMENTS

		35.1 Contingent liabilities not provided for :
		provided for :

		Particulars					For the year ended March 31, 2025	For the year ended March 31, 2024
		a) Bank Guarantees / Letters of Credit					-	-

	M	ANUFACTURER OF: THREAD GAUGES, PLAIN		GAUGES, MU		LTI GAUGING, TAPER GAUGES, SPLI
					RELATION

147 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

==> picture [472 x 623] intentionally omitted <==

----- Start of picture text -----

b) Due towards disputed
statutory liability - -
c) Claims against the company not
acknowledged as debts - -
The Company does not have any Benami property. Also, no proceeding has been initiated or pending
against the Company for holding any Benami property.
35.2
Commitment
s
Particulars For the year For the year
ended ended
March 31, 2025 March 31, 2024
Estimated amount of contracts remaining to be executed on
Capital Account net of advances and not provided for - -
3 DISCLOSURES IN ACCORDANCE WITH
6 IND AS 19 ON "EMPLOYEE BENEFITS"
36.1 Defined contribution
plan
Contribution to the defined contribution plan recognized as
expense for the year are as under
Particulars For the year For the year
ended ended
March 31, 2025 March 31, 2024
Employer's Contribution to
Provident Fund 8.16 6.12
The Company is having less than 20 Employees, hence contribution to Provident Fund is not
applicable to the Company in PY.
36.2 Defined benefit plan
The Company is having less than 10 Employees, Hence The Employee Gratuity Plan is not applicable
to the Company.
MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &
RELATION GAUGES
Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune
411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I
----- End of picture text -----

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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3 Ind AS 116 " 7 Leases " Operating lease where Company is a lessee: The Company has entered into non-cancellable operating lease for factory premise. Effective April 01, 2019, the Company adopted Ind AS 116 "Leases". In accordance with provisions of Ind AS 116 " Leases", the Company recognised the lease liability at the date of initial application i.e. April 01, 2019 at the present value of lease payments, discounted using incremental borrowing rate of the Company. The Company recognised right-of-use asset at an amount equal to the lease liability. Right-of-use asset is depreciated on straight line method based on balance number of months of lease term. The adoption of the standard resulted in recognition of lease liability of ₹ Nil Lakh and corresponding 'Right of use' asset of ₹ Nil Lakh as at April 01, 2019.


3 7	Ind AS 116 " Leases "
	Operating lease where Company is a lessee:
	The Company has entered into non-cancellable operating lease for factory premise. Effective April 01, 2019, the Company adopted Ind AS 116 "Leases". In accordance with provisions of Ind AS 116 " Leases", the Company recognised the lease liability at the date of initial application i.e. April 01, 2019 at the present value of lease payments, discounted using incremental borrowing rate of the Company. The Company recognised right-of-use asset at an amount equal to the lease liability. Right-of-use asset is depreciated on straight line method based on balance number of months of lease term.
	The adoption of the standard resulted in recognition of lease liability of ₹ Nil Lakh and corresponding'Right of use' asset of ₹ Nil Lakh as at April 01, 2019.
	The weighted average incremental borrowing rate applied to lease liabilities is 9.00%.
	Following practical expedients were elected on initial application of the Standard:
	(i) Not to apply this standard to contracts that were not previously identified as containing a lease in terms of IND AS 17
	(ii) Applied exemption not to recognise right-of-use assets and liabilities for leases with less than 12 months of lease term on the date of initial application
	(iii) Excluded the initial direct costs from the measurement of the right-of-use initial application.			asset at the date of

	(A) Changes in the carrying value of Right-of-use Asset
	Particulars	For the year ended March 31, 2025		For the year ended March 31, 2024
	Opening Balance		15.35		19.44
	Add: Recognised during the year in terms of IND AS 116		-		-
	Less: Deletion		-		-
	Less: Amortization during theyear		(4.09)		(4.09)
	Closing Balance		11.25		15.35

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

149 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

(B) Changes in Lease Liability
Particulars	For the year ended March 31, 2025		For the year ended March 31, 2024
Lease liability as on 1st April, 2023		16.70		19.72
Add: Recognised during the year in terms of IND AS 116
Add: Interest cost accrued duringtheyear		1.50		1.77
Less: Payment of lease liability		(5.26)		-4.80
Less: Deletion
Lease liability at the year end		12.93		16.70

(C) Current and Non-current Lease Liability
Particulars	For the year ended March 31, 2025		For the year ended March 31, 2024
Current Lease Liability		4.19		3.61
Non-current Lease Liability		8.75		13.09
		12.93		16.70

Rental expenses of ₹ Nil Lakh (P.Y. ₹ Nil Lakh) in respect of obligation under short-term leases or cancellable in nature have been charged to Statement of Profit and Loss.

The table below provides contractual maturities of lease liability as on 31st March, 2025 on an undiscounted basis:

Particulars	For the year ended March 31, 2025		For the year ended March 31, 2024

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

==> picture [472 x 623] intentionally omitted <==

----- Start of picture text -----

Non cancellable operating
lease obligations
- Not Later
than one year
- Later than one year but not later
than five years
- Later than
five years
The Company does not face a significant liquidity risk with regard to its lease liability as the current
assets are sufficient to meet the obligations related to lease liabilities as and when they fall due.
3 Earning per
8 Share (EPS)
Particulars For the year For the year
ended ended
March 31, 2025 March 31, 2024
- Net Profit after tax as per Statement of Profit and Loss
attributable to the Equity Shareholders (₹ in Lakh) - 243.16 258.02
(A)
- Basic / Weighted average number of Equity Shares
outstanding during the year - (B) 1,00,00 88,65,4
,000 55
- Nominal value of Equity
Shares (₹) 10.00 10.00
- Basic / Diluted Earning per Share
(₹) - (A)/(B) 2.43 2.91
Note: The company did not have any potentially dilutive
securities in any of the periods presented.
3 Segment
9 information
Operating Segment: - The company is primarily engaged in the activities of Manufacturing and
Trading. Since all activities are related to one segment , there is no other operating segment as per
the Ind AS 108 “Operating Segments”.
MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &
RELATION GAUGES
Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune
411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I
----- End of picture text -----

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919


4 0	Corporate Social Responsibility expenditure
	Section 135 of the Act is Not Applicable to the Company.

4 1	Details of Corporate Social Responsibility (CSR) expenditure
	Section 135 of the Act is Not Applicable to the Company. No Corporate social responsibilityexpense incurred in current as well aspreviousyears.

4 2	Financial Instruments and Risk Management

	A) Accounting classification and fair value :
	The following table shows the carrying amounts and fair values of Financial Assets and Financial Liabilities including their levels in the fair value hierarchy -

	Particulars	For March 31,	the year ended 2025			For the year ended March 31, 2024
		Carrying amount	Level of inputs used			Carryi ng Amou nt	Level of inputs used
			Level 1	Level 2	Level 3		Level 1	Level 2	Level 3
	Financial assets
	At Amortised cost
	Trade receivables	750.56				464.41
	Cash & cash equivalents	378.45				152.40
	Other Balance with Bank	737.76				800.00
	Loans & Advances	883.45				853.17
	Others

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

-Non current	-	-
-current	25.50	17.59

At fair value through OCI
Investments	-	-

At fair value through Profit and Loss Account
Investments	-	-

Financial Liabilities
At Amortised cost
Borrowings
-Non current	-	-
-current	1,299.06	1,208.9 2
Lease Liability
-Non current	8.75	13.09
-current	4.19	3.61
Trade payables	572.65	320.47
Others
-Non current	-	-
-current	1.02	0.56

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected]

www.sizemasters.in/www.mewatzinc.com

153 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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At fair value through Profit and Loss Account -current (Derivative - - Contracts not designated as hedge)

The financial instruments are categorized in to three levels based on the inputs used to arrive at fair value measurements as described below - Level 1 - Quoted prices in active markets for identical assets and liabilities. Level 2 - Inputs other than the quoted prices included within level 1 that are observable for assets or liability either directly or indirectly. Level 3 - Inputs based on unobservable market data

Management uses its best judgement in estimating fair value of financial instruments. However there are inherent limitations in any estimation techniques. Therefore for substantially all financial instruments, the fair value estimates presented above are not necessarily indicative of the amounts that the company could have realised or paid in sale transactions as on respective date. As such the fair value of financial instruments subsequent to the reporting date may be different from the amounts reported at each reporting date.

B) Financial	Risk
Management
The company has a	exposure to the following risks arising
from financial instruments -
- Credit risk
- Liquidity
risk
- Market risk

Risk
Management
The Company's senior management oversees the management of these risks. The senior management
assesses the unpredictability		of the financial environment and seeks	to mitigate potential adverse
effects on the financialperformance of the company.

154 |Page

SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

==> picture [224 x 70] intentionally omitted <==

i. Credit Risk Credit risk is the risk that counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities, including deposits with banks and financial institutions and other financial instruments. Trade Receivable: Customer credit risk is managed subject to the Company's established policy, procedures and control relating to customer credit risk management. Credit quality of a customer is assessed based on an extensive credit rating scorecard and individual credit limits are defined in accordance with this assessment. Outstanding customer receivables are regularly monitored.

Cash and cash equivalents: Bank deposits are made with reputed banks and hence credit risk associated with it is generally low. ii. Liquidity Risk Liquidity risk is defined as the risk that the company will not be able to settle or meet its obligations on time. The company's approach to managing liquidity is to ensure as far as possible, that it will have sufficient liquidity to meet its liability when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the company's reputation.

The table below analysis the company's financial liabilities into relevant maturity grouping based on their contractual maturities

Particulars	Less than 1 Year	1 to 5 Years	> 5 Years	Total

Year ended March 31, 2025
Borrowings	1,299.06	-	-	1,299.06
Other Financial Liabilities	1.02	-	-	1.02
Trade & Other Payable	572.65	-	-	572.65

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

155 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Lease Liability	4.19	8.75	-	12.93
	1,876.91	8.75	-	1,885.66

Particulars	Less than 1 Year	1 to 5 Years	>5 Years	Total

Year ended March 31, 2024
Borrowings	1,208.92	-	-	1,208.92
Other Financial Liabilities	0.56	-	-	0.56
Trade & Other Payable	320.47	-	-	320.47
Lease Liability	3.61	13.09	-	16.70
	1,533.55	13.09	-	1,546.64

iii. Market Risk
Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from change in the price of financial instruments. Market risk comprises of three types of risks: interest risk, foreign currency fluctuation risk and other price risk such as commodity price risk. The objective of market risk management is to manage and control market risk exposure within acceptable parameters while optimizing profits.

a) Foreign currency risk:
The summary of quantitative data about the Company's exposure to currencyrisk is as follows:
Particulars	As at 31st March 2025 As at 31st March 2024

Trade Receivables US $ Trade Payables US $	0.58 -	0.82 -

a) Foreign
currency
risk:
The summary	of quantitative data about the			Company's
exposure to currencyrisk is		as follows:
Particulars		As at		As at
		31st March	2025	31st March	2024
Trade Receivables
US $			0.58		0.82
Trade Payables
US $			-		-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

Net exposure to foreign currency risk (assets) 0.58 0.82

Foreign currency sensitivity analysis:

The following table demonstrates sensitivity to a reasonable possible change in foreign currency exchange rates with all other variables held constant:

Change in US $	Profits/(Loss)	Profits/(Loss)	Equity net of tax
	2024-2025	2023-2024	2024-2025	2023-
				2024
5% increase	0.03	0.04	0.02
				0.52
5% decrease	(0.03)	(0.04)	(0.02)	(0.52)

b) Interest rate risk:
The Company's exposure to the changes in market interest rate relates to floating rate obligations.
The exposure of the Company's borrowings to interest rate changes at			the end of the reporting period
are as follows:
Particulars		2024-2025	2023-2024

Particulars		2024-2025	2023-2024
Borrowings
Floating (includes current and non-current		-	-
maturities)
Fixed (includes current	and non-current		1,208.92
maturities)		1,299.06
Total			1,208.92
		1,299.06

Interest rate sensitivity analysis:

The following table demonstrates sensitivity to a reasonable possible change in interest rates with all other variables held constant

Change in Interest rate	Profits/(Loss)	Profits/(Loss)	Equity net of tax	Equity net of tax
	2024-2025	2023-2024	2024-2025	2023-2024
2% increase	-	-	-	-
2% decrease	-	-	-	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

157 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

4 3	Capital Management

	The Company's objectives when managing capital are to (a) maximize shareholders' value and provide benefit to other stakeholders and (b) maintain an optimal capital structure to reduce the cost of capital.
	For the purpose of the Company's capital management, capital includes issued equity capital and all other equityreserves attributable to the equityholders.

	Particulars		2024- 2025	2023- 2024
	Total Debt (Bank and other borrowings)		1,311.99	1,225. 61
	Equity		1,374.00	1,134. 18
	Debt to Equity (net)		0.95	0.05

4 4	Related party transactions :
	List of persons and the relationship with related parties as certified by management with whom transactions have taken place during the year with value of transactions is as follows :

	NAME OF THE RELATED PARTY -
	I) Associates - Entity Directors are Interest	in Which
	a) Sizemaster Guages & Tools	b) Sizemaster Callibration		c) Sizemaster Callibration LLP
	d) Aurum TurnkeyLLP
	II ) Key Management Personnel -
	a) Mr.Gopal R Zanwar- ManagingDirector		b) Kiran S Zanwr - Non Executive Director		c) Mr.Shantaram P Ankam - CFO

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

158 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

d) Ms. Aishwarya Parwal - Company Secretary	d) Ms. Aishwarya Parwal - Company Secretary	d) Ms. Aishwarya Parwal - Company Secretary	e) Ms. Suvarna Shinde - Independent Director	e) Ms. Suvarna Shinde - Independent Director	e) Ms. Suvarna Shinde - Independent Director
f) Mr. Rajvirendra Singh Rajpurohit - Independent Director

III ) Relatives of Key Management Personnel -
a) Mrs. Shantabai R Zanwar (Prop of Sizemaster Inc)			b) Mrs.Sonali Gopal Zanwar (Partner of Sizemaster Multi Guaging)

Transactions during the relatedparties		year with
Particulars			Associates and Subsidiaries		Key Management Personnel		Relatives Of Key Management Personnel
			2024- 2025	2023- 2024	2024 - 2025	2023- 2024	2024- 2025	2023- 2024
1) Transactions theyear	during

a) Unsecured Loan

i) Taken during the year				-		575.8 0		-

ii) Repaid during the year				-	40.0 0	100.0 8		-

b) Revenue Items

i) Sale of Goods			1.06	1.18		-	8.97	1.24

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

159 |Page

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

ii) Purachase of RM	272.54	59.44		-	14.98	17.72

c) Interest

Interest on Unsecured Loan paid during theyear		-		-		-

d) Rent paid		-	5.16	1.20		-

e) Managerial Remuneration paid during the year*		-	30.3 7	7.50		-

f) Purchase of Capital Items		-		-		-

g) Issue of Equity Shares on Prefrential basis		-		-		-

2) Balance outstanding as onyear end**

a) Debts Due	84.77	28.05	12.9 4	230.8 5	14.98	11.62

b) Debts receivable	1.47	3.80		-	9.86	0.09

c) Unsecured Loan / ICD		-	188. 17	503.9 2		-

d) Managerial Remuneration Payable		-	0.26	-		-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

		e) Managerial Remuneration Payable- Commission	-		-		-

		f) Loans & Advances receivable	7.55		-		-

		* Managerial remuneration includes employers PF contribution but excludes post employment benefit of gratuity and Provision for leave benefit scheme, as separate figures for KMP and relatives of KMP is not available beingactuariallydetermined on an overall basis.


4 5		Income Tax
		45.1 Reconciliation of tax expenses and accounting profit multiplied by tax rate
		multiplied by tax rate

		Particulars		For the year ended March 31, 2025		For the year ended March 31, 2024
		Profit before income tax expense			318.8 2		235.9 0
		Tax at the Indian tax rate of 25.168% ( 2021-22 : 25.168%)			80.24		59.37
		Effect of non-deductible expenses			(0.02)		-0.02
		Effect of tax exempt income			-		-
		Effect of Tax of Earlier Years			-		-
		Effect of other			-		-
		Effect of deferred tax change in rate			(0.76)		(0.03)
		Income Tax expense of currentyear			79.46		59.32

	M	ANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAP		ER GAUGES, SPLIN		E GAUGES, P

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919


45.2 Deferred Tax Liabilities/ (Assets) (net)

The balance comprise of temporary differences attributable to
Particulars			As at		As at
			31-Mar-25		31-Mar-24
Deferred Tax Liabilities
Relating to PPE WDV				-		-
Income chargeable on realization basis				-		-
				-		-

Deferred Tax Assets
Relating to PPE WDV				0.84		0.08
Defined Benefit Obligations				-		-
				0.84		0.08

Net Deferred Tax (Liabilities) / Asset				0.84		0.08

Movement in deferred tax liabilities
Particulars	PPE WDV		Others		Total
As on 31.03.2024		-		-		-
Charged/(credited )
To Profit and loss		-		-		-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

	To OCI			-		-
	As on 31.03.2025			-		-		-

	Movement in deferred tax assets
	Particulars	PPE WDV	Defined Benefit Obligation		Tax Losses		Total
	As on 31.03.2024	0.08	-		-		0.08
	Charged/(credited )
	To Profit and loss	(0.92)	-		-		(0.92)
	To OCI	-	-		-		-
	As on 31.03.2025	(0.84)	-		-		(0.84)

	Particulars				2024-2025		2023-2024
	Total Deferred Tax charged/ (credited) to profit and loss					(0.92)		(0.07)
	Total Deferred Tax charged/ (credited) to OCI					-		-

4 6	The Company has not advanced any loans or advances in the nature of loans to specified persons viz. promoters, directors, KMPs, related parties; which are repayable on demand or where the agreement does not specifyanyterms orperiod of repayment.

4 7	The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall: (a) 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 (b)provide any guarantee, securityor the like to or on behalf of the Ultimate Beneficiaries.

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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4 8	The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.	The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.	The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.	The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.	The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.	The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.	The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: (a) 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 (b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

4 9	The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

5 0	The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

5 1	Disclosure related to Struck-Off Companies
	There are no transactions and / or disputed balances outstanding with companies struck off under section 248 of the Companies Act, 2013.

5 2	Dividends
	The Company has not proposed, declared or paid the Dividend during 2025 and March 31, 2024				the year ended March 31,

5 3	Ratio Analysis

	Ratios	Numerator	Denominator	2024 -25	2023- 2024	Varian ce	Reas on

	(a) Current ratio	Total current assets	Total current liabilities	1.66	1.69	-2%	-

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD & RELATION GAUGES

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

(b) Debt-Equity ratio	Debt consists of borrowings and lease liabilities.	Total equity	0.95	1.06	-10%	-

(c) Debt service coverage ratio	Earning for Debt Service = Net Profit after taxes + Non- cash operating expenses + Interest	Debt service = Interest and lease payments + Principal repayments	0.20	0.15	31%	Refer note 1

(d) Return on Equity Ratio	Net Profits after taxes	Average total equity	0.18	0.15	23%	Refer Note 2

(e) Inventory turnover ratio,	Cost of goods sold	Average Inventory	1.86	1.96	-5%	-

(f) Trade Receivables turnover ratio,	Revenue from operations	Average trade receivables	2.78	5.10	-45%	Refer Note 3

(g) Trade payables turnover ratio,	Cost of goods sold	Average trade Payables	1.87	3.90	-52%	Refer Note 4

(h) Net capital turnover ratio,	Revenue from operations	Average working capital (i.e. Total current assets less Total current liabilities	1.27	1.15	10%	-

(i) Net profit ratio,	Profit for the year	Revenue from operations	0.14	0.12	14%	-

(j) Return on Capital employed,	Profit before tax and finance costs	Capital employed = Net worth + Total Debt + Lease liabilities +	0.12	0.17	-27%	Refer Note 2

MANUFACTURER OF: THREAD GAUGES, PLAIN GAUGES, MULTI GAUGING, TAPER GAUGES, SPLINE GAUGES, PCD &

RELATION GAUGES

Registered Office: Plot no 122/123, Subplot no 23, Ramtekdi Industrial Estate Hadapsar, Pune Hadpsar I.E. Pune City Pune 411013 Maharashtra, India. Tel:+912026816197 I 26816168.Fax:+912026822263I

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

			Deferred tax liabilities

	(k) Return on investment	Income generated from invested funds	Average invested funds in treasury investments	0.08	0.05	61%	Refer Note 5


	Note 1 - Unsecured Short-term loan from Promoter for working capital purpose and lease liabilityasper Ind AS 116
	Note 2 - Increase in Profitability due to better margins from new manufacturing and tradingactivityofgauages and tools
	Note 3 - Increase in revenue from operations and also increase in current assets & current Liablities as refered in note 1 above.
	Note 4 - Increase in manufacturing and trading activity which leads to increase inpurchases duringtheyear.
	Note 5 - Increase in deposits in bank duringtheyear.

5 4	Update on Code on Social Security, 2020
	The Code on Social Security,2020 ('Code') relating to employee benefits during employment and post employment benefits received Presidential assent in September 2020. The Code has been published in the Gazette of India. However, the date on which the Code will come into effect has not been notified. The Company will assess the impact of the Code when it comes into effect and will record anyrelated impact in theperiod the Code becomes effective.

5 5	Recent 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. The Ministry of Corporate Affairs (MCA), pursuant to a notification dated May 7th 2025, has amended Ind AS 21 to provide guidance on determining the exchange rate when a currency is not exchangeable. The amendment is applicable for annual periods beginning on or after April 1, 2025, with early application permitted. The Company is currently evaluating the impact of this amendment on its financial statements and expects to complete the evaluation before the effective date. At present, the Company does not anticipate anymaterial impact; however, a detailed assessment is ongoing.

Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919


5 6	Previous years' figures have been regrouped/rearranged, wherever necessary.

	As per our report date	of even
	For GMKS & Co.		On behalf of Board of Directors
	Chartered Accountants		Sizemasters Technology Limited (Formerly known as Mewat Zinc Ltd)
	FRN: 139767W		CIN: L74110DL1991PLC0 46120


	CA. Maya Joshi		Gopal Zanwar	Kiran Zanwar	Shantaram Ankam	Aishwarya Parwal
	Partner		Managing Director	Non Executive Director	CFO	Company Secretary
	(M. No. 144117)		DIN 09537969	DIN 09653402		M. No. A671 70
	Place : Pune
	Date : 28/05/2025

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SIZEMASTERS TECHNOLOGY LIMITED CIN: L74110PN1991PLC223919

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Email:[email protected], [email protected] www.sizemasters.in/www.mewatzinc.com

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AI assistant

SIZEMASTERS TECHNOLOGY LIMITED — Annual Report 2025

63277_rns_2025-08-22_0274b0d1-0f54-42cb-adc0-e288b451b571.pdf

Date: August 22, 2025

Following are the brief information:

Yours Sincerely, For SIZEMASTERS TECHNOLOGY LIMITED

ANNUAL REPORT OF SIZEMASTERS TECHNOLOGY LIMITED TABLE OF CONTENT

CORPORATE INFORMATION

NOTICE

ORDINARY BUSINESS: -

1. ADOPTION OF AUDITED STANDALONE AND CONSOLIDATED FINANCIAL STATEMENTS:

SPECIAL BUSINESS: -

4. APPOINTMENT OF M/S. GIRIRAJ A. MOHTA & CO., PRACTICING COMPANY SECRETARY AS SECRETARIAL AUDITOR OF THE COMPANY

For SIZEMASTERS TECHNOLOGY LIMITED

Ms. Pooja Gandhi

NOTES:

THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING AND JOINING GENERAL MEETING ARE AS UNDER: -

- How do I vote electronically using NSDL e Voting system?

- Step 1: Access to NSDL e Voting system

A) Login method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode

How to Log-in to NSDL e-Voting website?

General Guidelines for shareholders

INSTRUCTIONS FOR MEMBERS FOR ATTENDING THE AGM THROUGH VC/OAVM ARE AS UNDER:

Annexure to the Notice-I

For SIZEMASTERS TECHNOLOGY LIMITED

EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013

ITEM NO.4

ITEM NO. 5

For SIZEMASTERS TECHNOLOGY LIMITED

DIRECTORS' REPORT

FINANCIAL HIGHLIGHTS:

DIVIDEND:

COMPANY’S PERFORMANCE REVIEW:

CHANGE IN THE NATURE OF BUSINESS:

MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE COMPANY :

MAJOR EVENTS THAT OCCURRED DURING THE YEAR:

SHARE CAPITAL:

DEPOSITS FROM PUBLIC:

PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:

MANAGEMENT DISCUSSION AND ANALYSIS:

RELATED PARTY TRANSACTIONS:

DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED IMPACTING THE GOING CONCERN STATUS AND COMPANY'S OPERATIONS IN FUTURE:

LISTING OF SHARES:

INTERNAL CONTROLS AND THEIR ADEQUACY:

SHARE TRANSFER SYSTEM:

BOARD OF DIRECTORS, KEY MANAGERIAL PERSONNELS:

(i) Details of Directors or KMP appointed/ re-appointed/ resigned during the financial year.

(ii) Retirement by rotation

(iii) Board Meetings

INDEPENDENT DIRECTORS:

(i) Declarations by Independent Directors and re-appointment, if any

(ii) Independent Directors Meeting

COMMITTEES OF THE BOARD:

AUDIT COMMITTEE:

NOMINATION AND REMUNERATION COMMITTEE:

STAKEHOLDER RELATIONSHIP COMMITTEE:

SHARE TRANSFER COMMITTEE:

COMPANY POLICY ON DIRECTORS’ APPOINTMENT AND REMUNERATION:

STATEMENT INDICATING DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY OF THE COMPANY:

DIRECTORS' RESPONSIBILITY STATEMENT:

ESTABILISHMENT OF VIGIL MECHANISM:

AUDITORS:

STATUTORY AUDITORS:

REVIEW OF AUDITORS REPORT

SECRETARIAL AUDITOR :

INTERNAL AUDITOR:

COST AUDIT:

SUBSIDIARY, JOINT VENTURES OR ASSSOCIATES COMPANIES:

COMPLIANCE WITH THE CODE OF CONDUCT OF BOARD OF DIRECTORS:

DETAIL OF FAMILIARIZATION PROGRAMME OF THE INDEPENDENT DIRECTORS:

CORPORATE GOVERNANCE REPORT:

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS & OUTGO:

ANNUAL RETURN:

SEBI COMPLAINTS REDRESS SYSTEM (SCORES):

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013:

PARTICULARS OF EMPLOYEES:

SECRETARIAL STANDARDS:

CORPORATE SOCIAL RESPONSIBILITY:

THE DETAILS OF APPLICATION MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 AND THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR:

THE DETAILS OF DIFFERENCE BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF ONE-TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

SIZEMASTERS TECHNOLOGY LIMITED Annual Report 2025