3.12 Provisions and Contingent Liabilities and
Contingent Assets
The Company recognises a provision when there is a
present obligation arising from a past event that requires an
outflow of resources, and a reliable estimate can be made
of the amount of the obligation.
A contingent liability is a possible obligation arising from
past events, the existence of which will be confirmed
only by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of
the Company, or a present obligation that arises from past
events but not recognised because it is not probable that
an outflow of resources embodying economic benefits will
be required to settle the obligation or the amount of the
obligation cannot be measured with sufficient reliability.
Contingent liabilities are disclosed after careful evaluation
by the management, considering both the facts and legal
aspects of the matter involved.
Contingent asset is neither recognised nor disclosed in the
Financial Statements.
3.13 Financial Instrument
Financial assets and financial liabilities are recognised when
the Group becomes a party to the contractual provisions of
the instruments.
Financial assets and financial liabilities are initially measured
at fair value. Transaction costs that are directly attributable
to the acquisition or issue of financial assets and financial
liabilities (other than financial assets and financial liabilities at
fair value through the statement of profit and loss) are added
to or deducted from the fair value of the financial assets or
financial liabilities, as appropriate, on initial recognition.
Transaction costs directly attributable to the acquisition of
financial assets or financial liabilities at fair value through the
statement of profit and loss are recognised immediately in
the statement of profit and loss.
3.14 Financial Asset
A. Fair Value Assessment:
Fair value is the price that would be received to sell an
asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date,
regardless of whether that price is directly observable or
estimated using another valuation technique. In estimating
the fair value of an asset or a liability, the Company takes
into account the characteristics of asset and liability that
market participants would take into consideration. Fair
value for measurement and/or disclosure purposes in these
Financial Statements is determined based on this approach,
except for transactions falling within the scope of Ind AS 2,
17 and 36. Generally, at initial recognition, the transaction
price is the best evidence of fair value.
The fair value of an asset or a liability is measured using
the assumptions that market participants would use
when pricing the asset or liability, assuming that market
participants act in their economic best interest.
A fair value measurement of a non-financial asset takes into
account a market participant's ability to generate economic
benefits by using the asset in its highest and best use or by
selling it to another market participant who would use the
asset in its highest and best use.
The Company uses valuation techniques that are
appropriate in the circumstances and for which sufficient
data are available to measure fair value, maximizing the use
of relevant observable inputs and minimizing the use of
unobservable inputs.
All financial assets and financial liabilities for which fair value
is measured or disclosed in the Financial Statements are
categorized within the fair value hierarchy, described as
follows, based on the lowest level input that is significant to
the fair value measurement as a whole.
B. Subsequent Measurement:
For the purpose of subsequent measurement, financial
assets are classified in three categories:
Ý Financial assets measured at amortized cost
Ý Financial assets at fair value through OCI
Ý Financial assets at fair value through profit or loss
C. Financial Assets measured at amortized cost:
Financial assets are measured at amortized cost if the
financial asset is held within a business model whose
objective is to hold financial assets in order to collect
contractual cash flows, and the contractual terms of the
financial asset give rise, on specified dates, to cash flows
that are solely payments of principal and interest on the
principal amount outstanding. These financials assets are
amortized using the effective interest rate ('EIR') method,
less impairment. Amortized cost is calculated by taking
into account any discount or premium on acquisition, and
fees or costs that are an integral part of the EIR. The EIR
amortization is included in finance income in the Statement
of Profit and Loss. Losses arising from impairment are
recognised in the Statement of Profit and Loss.
D. Financial Assets at fair value through OCI ('FVTOCI'):
Financial assets are measured at fair value through other
comprehensive income (FVTOCI) if they are held within
a business model whose objective is achieved by both
collecting contractual cash flows and selling financial
assets, and the contractual terms of the financial asset
give rise, on specified dates, to cash flows that are solely
payments of principal and interest on the principal amount
outstanding. At initial recognition, the Company may make
an irrevocable election (on an instrument-by-instrument
basis) to designate investments in equity instruments, other
than those held for trading, at FVTOCI. Changes in fair value
are recognised in the other comprehensive income ('OCI').
However, interest income, impairment losses and reversals,
and foreign exchange gains or losses are recognised in the
Statement of Profit and Loss.
E. Financial Assets at fair value through profit or
loss('FVTPL'):
Any financial asset that does not meet the criteria for
classification as measured at amortized cost or at fair value
through other comprehensive income (FVTOCI) is classified
as financial assets at fair value through profit or loss (FVTPL).
Further, financial assets at FVTPL include financial assets
held for trading and financial assets designated upon initial
recognition as measured at FVTPL. Financial assets are
classified as held for trading if they are acquired principally
for the purpose of selling or repurchasing in the near term.
Financial assets measured at FVTPL are remeasured at fair
value at each reporting date, with all changes in fair value
recognised in the Statement of Profit and Loss.
F. Trade Receivables:
Trade receivables are recognised when the Company has
an enforceable right to consideration under a contract and
represent amounts due from customers for goods sold or
services rendered in the ordinary course of business. In
accordance with Ind AS 115, trade receivables that do not
contain a significant financing component are measured
at the transaction price. Subsequently, trade receivables
are measured at amortized cost, less any allowance for
expected credit losses as per the requirements of Ind AS
109.
Unconditional receivables are recognised as financial
assets when the Company becomes a party to the contract
and, as a consequence, has a legal right to receive or a
legal obligation to pay cash. However, trade receivables
that do not contain a significant financing component are
measured at transaction price.
E. Derecognition:
The Company derecognises a financial asset only when the
contractual rights to the cash flows from the asset expire,
or when the financial asset is transferred and substantially
all the risks and rewards of ownership are transferred to
another entity. If the Company neither transfers nor retains
substantially all the risks and rewards of ownership and
continues to control the financial asset, it recognises its
retained interest in the financial asset and an associated
liability for any amount it may be required to pay.
F. Impairment of Financial Assets:
The Company recognises loss allowances using the
expected credit loss (ECL) model for the financial assets
that are not fair valued through profit or loss. For trade
receivables without a significant financing component, the
loss allowance is measured at an amount equal to lifetime
ECL. For all other financial assets, ECLs are measured at
12-month ECL unless there has been a significant increase
in credit risk since initial recognition, in which case lifetime
ECL is applied. The amount of ECLs (or reversal) that is
required to adjust the loss allowance at the reporting
date to the amount that is required to be recognised is
recognised as an impairment gain or loss in Statement of
Profit and Loss.
G. Measurement of fair values:
A number of the Company's accounting policies and
disclosures require the measurement of fair values, for both
financial and non-financial assets and liabilities.
Fair values are categorised into different levels in a fair
value hierarchy based on the inputs used in the valuation
techniques as follows:
Level 1: quoted prices (unadjusted) in active markets for
identical assets or liabilities.
Level 2: inputs other than quoted prices included in Level
1 that are observable for the asset or liability,
either directly (i.e. as prices) or indirectly (i.e.
derived from prices).
Level 3: inputs for the asset or liability that are not based
on observable market data (unobservable inputs).
When measuring the fair value of an asset or a liability, the
Company uses observable market data as far as possible.
If the inputs used to measure the fair value of an asset or
a liability fall into different levels of the fair value hierarchy,
then the fair value measurement is categorised in its entirety
in the same level of the fair value hierarchy as the lowest
level input that is significant to the entire measurement. The
Company recognises transfers between levels of the fair
value hierarchy at the end of the reporting period during
which the change has occurred.
3.15 Financial liabilities and equity instrument
A. Initial recognition and measurement:
All financial liabilities are classified at initial recognition as
either measured at amortized cost or at fair value through
profit or loss, as appropriate. Financial liabilities measured
at amortized cost are initially recognised at fair value, net
of directly attributable transaction costs. Any difference
between the proceeds (net of transaction costs) and the fair
value at initial recognition is recognised in the Statement of
Profit and Loss.
B. Subsequent Measurement:
The subsequent measurement of financial liabilities
depends upon the classification as described below: -
i) Financial liabilities classified as Amortized cost:
Financial liabilities that are not held for trading and are not
designated at fair value through profit or loss (FVTPL) are
measured at amortized cost at the end of each reporting
period. Amortized cost is calculated by taking into account
any discount or premium on acquisition, and fees or costs
that are an integral part of the effective interest rate (EIR).
Interest expense that is not capitalized as part of the cost
of assets is recognised as finance cost in the Statement of
Profit and Loss.
ii) Financial liabilities classified as fair value through
profit and loss (FVTPL):
Financial liabilities classified as FVTPL includes financial
liabilities held for trading and those designated as FVTPL
upon initial recognition. Financial liabilities are classified
as held for trading if they are incurred for the purpose of
repurchasing in the near term. Designation of financial
liabilities at FVTPL upon initial recognition is made only if
the criteria specified in Ind AS 109 are met.
Export benefits are accounted for in the year of export,
based on eligibility and when there is reasonable certainty
of receipt.
C. Trade Payables:
Trade payables represent amounts due for goods and
services received by the Company before the end of the
financial year that remain unpaid as of the reporting date.
These payables are generally unsecured and are classified
as current liabilities unless the payment is contractually
due more than 12 months after the reporting date. They
are initially recognised at fair value, which typically reflects
the transaction price, and are subsequently measured at
amortized cost using the effective interest rate method.
These amounts represent liabilities for goods and services
provided to the Company prior to the end of financial year
which are unpaid. Trade and other payables are generally
unsecured and are presented as current liabilities unless
payment is not due within 12 months after the reporting
period. They are recognised initially at fair value, which
generally indicates the transaction price, and subsequently
measured at amortized cost using Effective interest rate
method.
D. Derecognition:
A financial liability is derecognised when the obligation
under the liability is discharged, canceled, or expired.
When an existing financial liability is replaced by another
from the same lender on substantially different terms, or
when the terms of an existing liability are substantially
modified, such an exchange or modification is treated as
the derecognition of the original liability and the recognition
of a new liability. The difference in the respective carrying
amounts is recognised in the Statement of Profit and Loss.
E. Offsetting of Financial Instruments:
Financial assets and financial liabilities are offset, and
the net amount is reported in the balance sheet, only if
there is a currently enforceable legal right to offset the
recognised amounts and if there is an intention to settle on
a net basis, i.e., to realise the assets and settle the liabilities
simultaneously.
3.16 Dividend
Final dividend on shares is recognized as a liability on the
date of approval by the shareholders, while interim dividend
is recognized as a liability on the date of declaration by the
Company's Board of Directors.
3.17 Segment Reporting
Operating segments are reported in a manner consistent
with the internal reporting provided to the chief operating
decision maker. The chief operating decision maker of
the Company is responsible for allocating resources and
assessing performance of the operating segments.
3.18 Earnings per share
Basic earnings per share is computed by dividing the profit
after tax by the weighted average number of equities
shares outstanding during the year/period. Diluted
earnings per share is computed by dividing the profit after
tax as adjusted for dividend, interest and other charges to
expense or income relating to the dilutive potential equity
shares, by the weighted average number of equity shares
considered for deriving basic earnings per share and the
weighted average number of equity shares which could
have been issued on the conversion of all dilutive potential
equity shares.
Note:
I The ROU land is located in an industrial development zone, for which an upfront premium has been paid during the
year, securing lifetime rights. Due to its marketable nature and the provisions for renewal at the end of the lease, as
permitted by governing laws, the arrangement essentially holds a perpetual character.
II The Goodwill has been recognised as a part of business undertaken and difference due to excess of consideration
over of fair value of net identified asset have been accounted for during the year. No amortisation upon the same has
been provided by the Company and will tested for impairment annually.
Note:
I. Compnay had acquired shares of Indian Credit Co Operative Society Ltd against loan taken from said Co Operative
Society.
II. Pursuant to order dated 23.03.2021 passed by the honourable NCLT Bliss Dealcomm Pvt Ltd has been merged with
Moreplus Merchants Pvt Ltd. Accordingly, 4 shares of Moreplus Merchants Pvt Ltd received in exchange of 38,000
shares. During the year, based on assessment of its recoverable value, the Company impaired investment as per the
valuation report.
i) The Company has issued only one class of equity
shares having a par value of ' 1 per share. Each holder
of equity share is entitled to one vote per share. In
the event of liquidation, the equity shareholders
are eligible to receive the remaining assets of
the Company after distribution of all preferential
amounts, in proportion to their shareholdings.
ii) The Board of Directors of the Company at its meeting
held on 10th October 2022 approved coversion and
allotment of 4,90,40,000 equity shares face value Re.
1/- at Price of ' 5/-each(including premium of ' 4/-
each) on conversion of convertible equity warrants
issued by the Company on preferential basis to the
promoters and strtegic Investors not forming part of of
the Promoter Group of the Company in terms of SEBI
(ICDR) Regulations, 2018.
iii) The Board of Directors of the Company at its meeting
held on 28th March, 2023 approved coversion and
allotment of 3,73,00,000 equity shares face value Re.
1/- at Price of ' 5/-each(including premium of ' 4/-
each) on conversion of convertible equity warrants
issued by the Company on preferential basis to the
promoters and strtegic Investors not forming part of of
the Promoter Group of the Company in terms of SEBI
(ICDR) Regulations, 2018.
iv) The Board of Directors of the Company at its meeting
held on 21st June, 2023 approved conversion and
allotment of 1,70,00,000 equity shares face value Re.
1/- at Price of ' 5/-each (including premium of ' 4/-
each) on conversion of convertible equity warrants
issued by the Company on preferential basis to the
promoters of the Company in terms of SEBI (ICDR)
Regulations, 2018.
The Board of Directors of the Company at its meeting
held on 4th August, 2023 approved conversion and
allotment of 1,96,00,000 equity shares face value Re.
1/- at Price of ' 5/-each (including premium of ' 4/-
each) on conversion of convertible equity warrants
issued by the Company on preferential basis to the
promoters and strategic Investors not forming part of
the Promoter Group of the Company in terms of SEBI
(ICDR) Regulations, 2018.
int; uucji u ui L/i i tr^_it>i 5ui li it; v_ui i iydi ly cu i Lo ii i t;t; LI i ly
held on 21st October,2023 approved conversion and
allotment of 1,60,00,000 equity shares face value Re.
1/- at Price of ' 5/-each (including premium of ' 4/-
each) on conversion of convertible equity warrants
issued by the Company on preferential basis to the
promoters and strategic Investors not forming part of
the Promoter Group of the Company in terms of SEBI
(ICDR) Regulations, 2018.
The Board of Directors of the Company at its meeting
held on 2nd January,2024 approved conversion and
allotment of 55,00,000 equity shares face value Re.
1/- at Price of ' 5/-each (including premium of ' 4/-
each) on conversion of convertible equity warrants
issued by the Company on preferential basis to the
promoters and strategic Investors not forming part of
the Promoter Group of the Company in terms of SEBI
(ICDR) Regulations, 2018.
The Board of Directors of the Company at its meeting
held on 13th March ,2024 approved conversion and
allotment of 35,00,000 equity shares face value Re.
1/- at Price of ' 5/-each (including premium of ' 4/-
each) on conversion of convertible equity warrants
issued by the Company on preferential basis to the
promoters and strategic Investors not forming part of
the Promoter Group of the Company in terms of SEBI
(ICDR) Regulations, 2018.
0 Pursuant to the approval of the Board of Directors
dated 13th March, 2024 the outstanding 2,20,00,000
No. Convertible Equity warrants of ' 1/- each
has Lapsed and the amount paid on allotment of
convertible equity warrants has been forfeited by the
Company as the warrant holder has failed to pay an
amount equivalent to the 75% of the issue price within
eighteen (18) months from the date of allotment of
equity warrants as per the terms/the warrant holder
has shown her inability to comply with SEBI (SAST)
Regulations, 2011 including making an Open Offer
to the public shareholders of the Company as the
proposed conversion of warrants into equity shares
will exceed 5% paid-up capital of the Company during
2023-24, all such forfeited amount of ' 743.75 is
transferred to Security premium Reserve.
We have already paid the soft loan taken amounting ' 1,01,43,000/- (Rupees One Crore One Lakh and Forty Three
Thousand only) on 27.05.2022 in the account of Government of West Bengal against Full and final settlement of our
soft loan Principal amount. and has made application dated16.12.2022 for waiver of Interest Portion to the West Bengal
Government, also refer Note No. 36.
Note 2:
The Company has availed borrowings aggregating to ' 2,958.76 lakhs, comprising ' 2,613.92 lakhs from Indian Credit
Co-operative Society Ltd. and ' 344.84 lakhs from Non-Banking Financial Companies (NBFCs).
In accordance with the Payment of Gratuity Act, 1972, the Company provides for gratuity, as defined benefit plan. The
gratuity plan provides for a lump sum payment to the employees at the time of separation from the service on completion
of vested year of employment i.e. five years. The liability of gratuity plan is provided based on actuarial valuation as at the
end of each financial year based on which the Company contributes the ascertained liability to Life Insurance Corporation
of India by whom the plan assets are maintained.
These plans typically expose the Company to actuarial risks such as: investment risk, inherent interest rate risk, longevity risk
and salary risk.
Investment Risk: The present value of the defined benefit plan liability (denominated in Indian Rupee) is calculated using a
discount rate which is determined by reference to market yields at the end of the reporting period on government bonds.
Currently for the plan in India, it has a relatively balanced mix of investments in government securities, and other debt
instruments.
Interest Rate Risk: The defined benefit obligation calculated uses a discount rate based on government bonds. If bond
yields fall, the defined benefit obligation will tend to increase.
Longevity Risk: The present value of the defined benefit plan liability is calculated by reference to the best estimate of
the mortality of plan participants both during and after their employment. An increase in the life expectancy of the plan
participants will increase the plan's liability.
30: FINANICAL RISK MANAGEMENT
OBJECTIVES AND POLICIES
The Company's principal financial liabilities comprise of
borrowings, trade and other payables. The main purpose
of these financial liabilities is to finance and support
Company's operations. The Company's principal financial
assets include inventory, trade and other receivables and
cash and cash equivalents that derive directly from its
operations. The Company is exposed to market risk, credit
risk and liquidity risk. The Company's senior management
oversees the management of these risks. The Board of
Directors reviews and agrees policies for managing each of
these risks, which are summarized below.
a) Market risk
Market risk is the risk that changes with market prices-such
as foreign exchange rates and income or the value of its
holdings of financial instruments. The objective of market
risk management is to manage and control market risk
exposures within acceptable parameters, while optimising
the return.
b) Credit risk
Credit risk is the risk of financial loss to the Company if a
customer or counterparty to a financial instrument fails
to meet its contractual obligations, and arises principally
from the Company's receivables from customers. The
Company's exposure to credit risk is influenced mainly by
the individual characteristics of each customer. However,
management also considers the factors that may influence
the credit risk of its customer base, including the default risk
associated with the industry and country in which customers
operate. Credit risk is managed through credit approvals,
establishing credit limits and continuously monitoring the
creditworthiness of customers to which the Company
grants credit terms in the normal course of business. On
account of adoption of Ind AS 109, the Company uses
expected credit loss model to assess impairment loss or
gain. The Company uses a matrix to compute the expected
credit loss allowance for trade receivables. The provision
matrix takes into account available external and internal
credit risk factors and Company's historical experience for
customers.
(i) The Company has made provision on expected credit
loss on trade receivables and other financials assets,
based on the management estimates.
(ii) Credit risk on cash and cash equivalents is limited
as the Company generally invests in deposits with
banks and financial institutions with high credit ratings
assigned by domestic credit rating agencies.
c) Liquidity risk
Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial
liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to
ensure, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions,
without incurring unacceptable losses or risking damage to the Company's reputation. The Company's principal sources of
liquidity are cash and cash equivalents and the cash flow that is generated from the operations.
36. SEGMENT REPORTING (IND AS 108):
In accordance with ind AS 108, "Operating segments, the Company has reported the "segment information in tne financiai
resuits.
Company is engaged in the manufacturing and selling of RTE, Frozen, Sauces & Mayo, Food Commodities & Services.
Based on the "Management Approach" as defined in Ind AS 108, the Chief Operating Decision Maker (CODM) evaluates
the Company's performance and allocates resources based on the analysis of various performance indicators by business
segments. Accordingly, information has been presented business segments. The accounting principles used in the
preparation of the financial statements are consistently applied to record revenue and expenditure in individual segments,
and are as set out in the significant accounting policies.
The Company operates across multiple key segments in the food processing industry, namely Ready-to-Eat (RTE) & Frozen
Foods, Sauces & Mayonnaise, and Food Commodities & Services. Each segment plays a strategic role in enhancing revenue
diversification, brand presence, and market penetration across domestic and international markets.
b) Segment Assets and Segment Liabilities are as at March 31,2025, December 31,2024, March 31,2024. Unallocable
corporate assets, unallocable corporate liabilities mainly represents, cash and bank balances, and tax assets/liabilities.
Corporate Social Responsibility
In accordance with Section 135, Corporate Social Responsibility (CSR) requirements do not apply to the Company.
Capital Management (Ind AS 1)
The Company manages its capital to ensure that the Company will be able to continue as a going concern while maximising
the return to stakeholders through efficient allocation of capital towards expansion of business, optimisation of working
capital requirements and deployment of surplus funds into various investment options. The management of the Company
reviews the capital structure of the Company on regular basis. As part of this review, the Board considers the cost of capital
and the risks associated with the movement in the working capital.
37. Previous year's figures have been regrouped/reclassified to conform to current year's presentation. As per our Report
of even date.
38. COMMITMENTS AND CONTINGENCIES:
A. The Income Tax authority had conducted search activity at the office of the Company. During the Search the Company
extended full cooperation and provided the required details, clarification, and documents. Further as per the Panchnama
No. CHN/822/PDIT(inv)/40/2023-24/Cl-16 on dated 07-02-2024, received from the Income Tax Department, the name
of Wardwizard Foods and Beverages Limited (Formerly known as Vegetable Products Limited) is not Involved/Warranted
for further investigation in the matter for which the search operation has been conducted on the premises of the Company.
B. An amount of ' 71,35,185 being the further interest component on West Bengal Govt. soft loan may be added but the
Company has request for interest waiver and it is likely that the amount would be far lower than stated in note no 16 along
with the likely interest. The Company has already paid the principal in full.
40. OTHER STATUTORY INFORMATION
(I) The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.
(II) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory
period.
(III) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.
(IV) The Company has not advanced or loaned or invested funds to any person(s) or entity(is), 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.
(V) The Company has not received any fund from any person(s) or entity(is), including foreign entities (Funding Party) with
the understanding (whether recorded in writing or otherwise) that the Company shall: (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.
(VI) The Company does not have any transaction which is not recorded in the books of accounts that 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.
(VII) The Company is not declared as willful defaulter by any bank or financial institution (as defined under the Companies
Act, 2013) or consortium thereof or other lender in accordance with the guidelines on willful defaulters issued by the
Reserve Bank of India.
(VIII) For details of Capital work in progress refer Note No 4.
41. Balance of Current Assets/Liabilities & Noncurrent Assets/Liabilities and Loans & Advances, trade payables/
receivables and other current liabilities and their classification under the above heads, in the absence of any documentary
support, given and accepted as agreed by management are subject to confirmations and reconcilation.
42. APPROVAL OF FINANCIAL STATEMENTS:
The Financial Statements were approved for issue by the Board of Directors on 29.05.2025.
In Accordance with our Report of even date
For MAHESH UDHWANI & ASSOCIATES For and on Behalf of the Board of Directors of
Chartered Accountants WARDWIZARD FOODS AND BEVERAGES LIMITED
Firm number: 129738W (CIN:L15100WB1953PLC021090)
SD/- SD/- SD/-
(Mahesh Udhwani) Sheetal Mandar Bhalerao Paresh Thakkar
Partner Managing Director Non Executive Independent Director
M.No. 047328 DIN: 06453413 DIN: 08265981
UDIN:25047328BMHYBJ3380
SD/- SD/-
Bhoomi Ketan Talati Sejal Manharbhai Varia
Company Secretary Chief Financial Officer
APTPT0136J AJRPV6388C
Date: 29-05-2025 Date: 29-05-2025
Place: Vadodara Place: Vadodara
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