3.16 Provisions and contingent liabilities

A provision is recognised when the Company has a present legal or constructive
obligation as a result of past events, and it is probable that an outflow of resources will
be required to settle the obligation in respect of which a reliable estimate can be made.
Provisions (excluding retirement benefits) are discounted to their present value at a pre¬
tax rate that reflects current market assessments of the time value of money and the risks
specific to the liability and are determined based on the best estimate required to settle
the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date
and adjusted to reflect the current best estimates. The unwinding of the discount is
recognised as finance cost.

Contingent liabilities are disclosed in the notes. Contingent liabilities are disclosed for:

(1) Possible obligations which will be confirmed only by future events not wholly within
the control of the Company or

(2) Present obligations arising from past events where it is not probable that an outflow
of resources will be required to settle the obligation or a reliable estimate of the amount
of the obligation cannot be made.

Contingent assets are not recognised in the standalone financial statements. However, the
same are disclosed in the standalone financial statements where an inflow of economic
benefit is probable.

3.17 Events after reporting date

Events after the reporting period are classified into adjusting and non-adjusting events.
Adjusting events provide evidence of conditions that existed at the end of the reporting
period, while non-adjusting events are those that are indicative of conditions that arose
after the reporting period. Adjusting events are reflected in the standalone financial
statements; non-adjusting events of material size or nature are disclosed in the notes

3.18 Exceptional Item

Exceptional items include income or expense that are part of ordinary activities, however,
are of such significance and nature that separate disclosure enables the user of
Standalone financial statements to understand the impact in a more meaningful manner
Exceptional items are identified by virtue of either their size or nature so as to facilitate
comparison with prior periods and to assess underlying trends in the financial
performance of the Company.

Exceptional items are presented separately in the standalone financial statements and
excluded from the computation of EBITDA to enable better understanding of the
Company's normal operating performance.

6) Pursuant to Ind AS 112 - 'Disclosure of Interests in Other Entities' the interest of the Company in its Subsidiary/ Associate is as follows :

Subsidiary

APT Infrastructure Pvt Ltd (60%)

The company has an investment in a subsidiarycompanynamelyAPT Infrastructure Limited, a company Incorporated in the country of India. The ownership interest and voting power of the company in terms of the total subscribed and paid up share capital
in the subsidiary is 60% (Pr. Yr. 60%) amounting to? 60 Lacs (Pr. Yr? 60 Lacs) which is the carrying amount that appears under Investment head in the balance sheet of the company.

Note 22:

ADDITIONAL NOTES ON ACCOUNTS :

14) Financial risk management objectives and policies to the extent applicable:

The Company has not started any significant commercial operations and therefore the company does not envisage any market risk, currency risk, interest rate risk, price risk, liquidity risk and credit risk. The Company’s senior
management in consultation with audit committee has the responsibility for establishing and governing the Company’s overall risk management framework, wherever applicable.

15) Consolidation of Accounts:

a The company is under an obligation to make consolidated financial statements covering its subsidiaryAPT Infrastrucure Pvt Ltd (CIN: U45400DL2007PTC170319; Shareholding 60%) alongwith associate of APT Infrastructures Pvt Ltd
i.e. Rococo Mining Technologies Private Limited and SVR Realtors Private Limited and accordingly the said consolidated audited balance sheet will be separately made.
b Pursuant to the provisions of section 2(87) of the Companies Act, 2013 the company is a subsidary of Royal Highland Distilleries Ltd (CIN no. U51228WB1992PLC056959) as the said company holds 61.41% shareholding of the
company consequently the company is liable to be consolidated under Equity method with that company.

16) Figures of Trade Receivables, Trade Payables, Borrowings and Loans & Advances are subject to respective consent, confirmation, reconciliation and consequential adjustments, if any.

17) Events after reporting date

There have been no events after the reporting date that require adjustment/ disclosure in these financial statements.

18) In the opinion of board of directors of the company, the current assets, loans and advances have to value at which they are stated in the balance sheet if realised in the ordinary course of business.

19) Details of Benami Property held: NIL

20) The inventories amounting to ?4846596/- (Previous Year -? 4846596/-) is shown at cost instead of valuation at cost or net realizable value whichever is lower. As per Ind AS ascertainment of net realizable value requires technical
judgments and consideration of market related factors. The impact of diminution in the valuation thereof, if any, will be accounted for in the year of consumption/realization.

21) Indications of Impairment

In the opinion of management, there are no indications, internal or external which could have the effect of impairing the value of assets to any material extent as at the Balance sheet date requiring recognition in terms of Ind AS 36.

22) Registration of charges or satisfaction with Registrar of Companies (ROC):

During the year, the charges or satisfaction which were to be registered with ROC have been done within the statutory period (if any).

23) The Companies (Significant Beneficial Owners) Amendment Rules, 2019 lays down the rules and compliances required to be adhered by the reporting company in India with respect of Significant Beneficial Owners (“SBO”) . There is
no Significant Beneficial Owner in the Company.

24)

' In accordance with IND AS - 109 the long-term investments held by the company are to be carried at Cost or Fair Value. All the investments of the Company have been considered by the management to be of long-term nature.

25) According to Ind AS - 7 the desired Cash flow statement is enclosed herewith.

26) Previous year figures have been regrouped or rearranged where ever necessary.

27) The figures have been rounded off to the nearest multiple of a rupee in thousand.

As Per our report of even date attached For and on behalf of Board of Directors

STATUTORY AUDITORS SILVER OAK (INDIA) LIMITED

For MAHENDRA BADJATYA & CO
CHARTERED ACCOUNTANTS
ICAI FRN 001457C

Shirish Jaltare Leela Kalyani

Whole Time Director Director

(DIN: 00070935) (DIN: 06625369)

CA NIRDESH BADJATYA
PARTNER

ICAI MNO 420388 Deepak Tare Ragini Pednekar

PLACE: INDORE Chief Finanical Officer Company Secretary

DATE: 29.05.2025 (PAN: AZBPT0120A) (ACS: A75605)