(xiv) Provision and Contingent liabilities

A provision is recognised when the Company has a present obligation as a result of post events and tt ts probabte that on outflow of
resources embodying oconomic benefits will be required to settle the obfigotlon in respect of which a reliable estimate can be
made. These are reviewed at each balance sheet date and adjusted to reflect the curronr best estimates.

Contingent Uabiiifresare not recognised but are dcclosed in the notes. Contingent Assets are neither recognised nor disclosed In the
fmancioi statements.

(xv) Leases

As a Lessee:

The Company ossesses whether a contract contains a lease, at Inception of a contract. A contract is. or contains, a lease if Hie
contract conveys the right to control the use of an identified asset for a period of time In exchange for consideration.

To assess whether a contract conveys the r-ght to control the use of an Identified asset. the Company assesses whether:

(i) the contract involves the use of an identified asset:

(li) the Company has substantially all of the economic benefits from use of the asset through the period of the lease; and

(iii) the Company has the r«ghl tocfoect the use of the asset.

At the date of commencement of the lease, the Company recognizes a right-of-use asset ('ROU') and a corresponding lease liability
Ýor all lease arrangements in which it is o lessee, except for leases with a term of twelve months or less (short-term leases) and low
value leases. For these short-term and low value leases, the Company recognizes the lease payments as an operating expense on a
stralght-Ene bass over the term of the lease.

The rlght-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease
payments mode at or prior to the commencement date of the lease plus any initial direct costs less any lease Incentives. Ihey are
subsequently measured at cost less accumulated depreciation and impairment losses.

Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and
leose liabilities includes these options when it is reasonably certain that they will be exercised.

Right-of-use assets are depreciated from the commencement dale on a s'raight-line basis ove* the shorter of the lease term and
useful life of the underlying asset. Right of use assets are evaluated for recoverability whenever events or changes in circumstances
indicate that their carrying omounts may not be recoverable. For the purpose of impairment testing, the recoverable omount (i.e.
the higher of the fair value less cost to sell and the value-in-use) Is determined on an individual asset basis unless the asset does not
generate cosh flows that are largely maependen’ of those from other assets, in such coses, the recoverable amount is determined
ta' the Cash Generating Unit (CGU) to which the asset belongs

The lease liability is initiaity measured at amortized cost at Ihe present value of the future lease payments The iease payments are
discounted using the interest rate implicit In the lease or. if not readity determinable, using the incremental borrowing rates in the
country of domicile of those leases. Lease labilities arc remeasured with a corresponding adjustment to the related right of use asset
if the Company changes its assessment if whether if will exercise an extension or a termination option.

Lease SabiKty and ROU asset have been separately presented in the Balance Sheet and lease payments have been classified as
financing cosh flows.

As a Lesson

Lease income from operating leases where the Company is a lessor is recognised In income on a straight-line basis over the lease
term unless the receipts are structured to increase in (me with expected general inflation to compensate for the expected inflationary
cost mcreoses. The respective leased assets are Included in the balance sheel based on their nature.

Based on Company's assessment. Ihe contracts entered into by the Company do not contain a lease as specified above or they ore
either short term or low value leases. Therefore, those have been accounted as per other applicable accounting standards.

Cxvi) Segment Reporting

Operating segments are reported m a manner consistent with the internal reporting provided to Chief Operating Decision Maker
(CODM).

The Company has identified its Managing Director as CODM who is responsible for allocating resources and assessing performance
of the operanr ig segments and mokes strategic decisions.

(xvii) Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the penod attributable to equity share holders (after
deducting preference dividends. If any, and attributable taxes) by the weighted average number of equity shares outstanding
during Ihe period. For the purpose of calculating diluted earning per share, the net profit or loss for the period attributable to equity
shareholders and the weighted average number of shares outstanding during the period are adjusted for the effect of all dilutive
potential equity shares,

(xviii) Cosh and cosh equivalents

Cash and cash equivalents include cash and cheques in hand, bank balances, demand deposits with banks and other short-term
highly liquid investments that aro readily convertible to known amounts of cash and which aro subject to an insignificant risk of
changes in value where original maturity is Throe months or less.

Cash flows ore reported using the indirect method whereby the profit before tax is adjusted for the effect of fhe transactions of a non¬
cash nature, any deferrals or accruals of post and future operating cash receipts or payments and items ot income or expenses
associated with investing ot financing cash nows, ihe cash flows from operating, investing and financing activities of Ihe company
are segregated.

(xix) Borrowing Costs

General and specific borrowing costs that are directly attributable to the acquisition, construction or production of qualifying
assets are capitalized os a part of cost of that asset, during the period till all the activities necessary to prepare the qualifying
assets for its intended use or sale are complete Qualifying assets are assets that necessanty take a substantial period of time to
get ready for their intended use or sale.

Other borrowing costs are recognized as an expense in the period In which Ihey are incurred.

(xx) Exceptional Items

When an item of Income or expense within profit or loss from ordinary activity Is of such size, nature or incidence that their
d-sCosure is relevant to explain the performance of the Company for the year, the nature and amount of such Items is disclosed
as exceptional items

43 FINANCIAL INSTRUMENTS

The foir values of the financial assets and labilities are Included at The amount at wtvch the instrument could be exchanged in o
current transaction between willing oarties. other than in a forced or liquidation sale The following methods and assumptions were
used to estimate the fair values;

<i) Fair vahje of cosh and short-term deposits, trade and other short term receivables, trade payables, other current Uobtfttfes. short
term loans from banks and other financial institutions approximate their carrying amounts largely due to short term maturities of
these instruments.

<ii) Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as interest
rates and individual credit worthiness of the counter-party. Based on this evaluation, allowances are taken to account for expected
losses of these receivables. Accordingly. fair value of such Instruments is not mctervally different from their carrying amounts

The Company uses tne following hierarchy for determining ond disclosing the toir value of financial instruments by valuation
technique.

Level 1: quoted (unaa;usted) prices In active markets for Identical assets or liabilities.

Level 2 other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly
or indirectly.

Level 3 techniques which use inputs that have a significant effect on the recorded fa r value mat ore not based on observable
market data.

I CREDIT RISK

Credit risk arises from the possibility that counter party may not be able to settle their obligations cs agreed To manage this, the
company periodically assesses the financial reliability of customers, takirg into account the financial condition, current economic
trends, and analysis of historical tad debts and ageing of accoun* receivables Individual credit limits are set accordingly. The
Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in
credh risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk the
company compares the risk of default occurring on the asset os at the reporting date with the risk of default as at the date of Initio!
recognition. The company considers reasonable and supportive forward looking information, financial assets are written off when
there is no reasonable expectation of recovery, such as debtor failing to engage in a repayment plan with the company. The
company provides for overdue outstanding os per the policy approved by the Board of Directors, which are evaluated on a case to
case basis. Tho Company's concentration of risk with respect to trede 'occivablos is low, as its customer's baso is widely spread across
the length and breadth of the country and majority ot the customers are with sound financial health.*

III MARKET RISK-INTEREST RATE RISK

Interest rote risk is the risk mot the to r voiue or future cosh flows of a fironcial mstrumenT will fluctuate because of changes In market
interest rotes. In order to balance the Company's position with regards to interest Income and Interest expense and to manage the
interest rate risk, fincnce department performs a comprehensive interest rate risk management. The Company is not exposed to
significant interest rale risk as at Iherespectivo reporting dales.

IV MARKET RISK- FOREIGN CURRENCY RISK

The Company Is exposed to foreign exchange risk towards honouring of export/ import commitments. Management evaluates
exchange rate exposure In this connection In terms of its established risk management policies which Includes the use of derivatives
like foreign exchange forward contracts to hedge risk of exposure in foreign currency The company a not exposed to foreigr
currency risk ot the respective reporting dates.

V COMMODITY RISK

Principal Raw Material for Company's products Is Crushed bone. HCL. Lime and Coal as a fuel, The Company sources its major raw
material requ rement from domestic suppliers located in various part of India.

The Company effectively manages with availability of material as well as price volatility' based on the following:

• Raw materials are procured from different sources at competitive prices.

• Alternative sources are developed for uninterrupted supply of raw materials.

• Demand and supply are external factors on which company hos no control, however the Company plans its production and
sales from the exper-ence ga ned in the past and on going study and appraisal of the market dynamics, competition, economic
policies and growth patterns of different segments of users of company'sproducts.

• Specific steps to reduce the gap between demand and supply by expanding its customer baso. del ivory' mechanisms, etc.

• Prope* Inventory' control systems have been pul in place The Risk committee of the Company comprising members from Board
of Directors and the operations has developed and enacted a risk management strotegy regarding commodity Price risk and its
mitigation.*

45 FINANCIAL RISK FACTORS

(o) Capital risk management

The Company's objectives when managing capital are to

• safeguard their ability to continue as a going concern, so that they can continue to provide returns tor shareholders and
benefits for other stakeholders, and

• maintain on optimal capital structure to reduce the cost of capital

(b) Term loan are secured by a first ranking parl-passu hypothecation/ Exclusive charge on the assets created out of the term loan.
Cash Credit Primary Security-Exclusive charge on entire current assets (present and future) & fixed deposits referred in Note 18
and21.

(c) Dividends

The Company foiows the policy of Dividend for any t.nanciai year as may be decided by Board considering finoncioi
performance of the company and other interna! ond external factors.

50 Other statutory information:

I) The Company does not have any benaml property, where any proceeding has been initiated or pending against the
Company for holding ony benami proper ty.

H) The Company does not have any transactions with companies struck off.

Itf) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

Iv) The Company has not traded or Invested In Crypto currency or Virtual Currency d jrlng tne financial yea'.

v) The Company has not advanced or loaned or Invested funds to any other person(s) or enlllyfies). including foreign entities
(Intermediaries) with the understanding that the Intermedia'y shall (o) directly or indirectty lena or invest in other persons or
entitles identified in any manner whatsoever by or on behalf of the company (ultimate beneficiaries) or (b) provide any
guaraniee.securityor the like to or on behalf of the ultimate beneficiaries

vi) The Compcny has not received ony fund from any person(s) or entityOes). 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 m 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.

vh) The Company does not nov© any such transaction which is nor recorded in the books of accounts rhot has been surrendered or
disclosed as income during the year in the tax assessments under the income fax Act 1961 (such as. search or survey or any
other relevant provisions of the Income Tax Act. 1961.

vW) I he Company has complied with the number of layers prescribed under clause (87) of Section 2 of the Act read with the
Companies (Restriction on number of Layers) Rules. 2017

ix) The Company is not declared wilful defaulter by any bank or financial institution or lender during the year.

x) The quarterly returns or starements of current assets filed by the Company with oanks or financial institutions are in agreement
v/ith the books of occounts

xi) The Company hos used the borrowings from banks and fincnclat Institutions for the specific purpose for which Ir was taken os at
8aiance sheet dote.

51 The Company is engoged m the manufacture ana sate of Ossein ana Gelatine. Since all these segments meet the aggregation

criteria as per tne requirements of ind AS 108 on Operating segments', the management considers These as a single reportab-e

segment. Accordingly, no furtherdisdosureisrequired tobe furnished.

52 Previous year's figures have been re-grouped / re-classified wherever required to conform to current years' classification

Signatures to note 1 to 52 For and on behalf of the Board

S. Annamalal Ashok K Kapur

Chairman Managing Director

DIN: 00001381 DIN:00126807

Race: Jabalpur Arun Jaiswal Mahima Patkar

Date : 24” May. 2025 Chief Financial Officer Company Secretary