(b) Securities Premium Reserve: The amount received in excess of face value of the equity shares is recognised in Securities Premium Reserve.

(c) General Reserve: The Company has transferred a portion of the net profit of the Company before declaring

dividend to general reserve pursuant to the earlier provisions of Companies Act, 1956. Mandatory transfer to general reserve is not required under the Companies Act, 2013.

(d) Retained Earnings: Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, dividends or other distributions paid to shareholders.

C. Capital Management

Equity share capital and other equity are considered for the purpose of Company's capital management.

The Company manages its capital so as to safeguard its ability to continue as a going concern and to optimise returns to shareholders. The capital structure of the Company is based on management's judgement of its strategic and day-to-day needs with a focus on total equity so as to maintain investor, creditors and market confidence.

The management and the board of directors monitors the return on capital as well as the level of dividends to shareholders. The Company may take appropriate steps in order to maintain, or if necessary adjust, its capital structure.

'Term Loans are secured by First pari passu charge over the entire fixed assets of the company at Paonta sahib (H.P.) and Mehsana (Gujarat), with Joint Lending Forum comprising SBI,Corporation Bank, Bank of

a. Baroda and Exim Bank, alongwith personal guarantees of the Directors and Promotors. 'All working capital limits are secured by first pari passu charge over the entire current assets of the

b. company, along with personal guarantees of promoters.

2. The company Bank accounts are NPA since March 2018.

Loan Account from Banks have been shown at the full value as on the date of NPA. The OTS settled by banks is Rs. 8,290 Lakhs out of which Rs. 5,544 Lakhs have been paid till 31.03.2024. The amount is shown

3. as other financial liability under the head current liabilities.

c Details of dues to Micro and Small Enterprise s as per MSMED Act, 2006

The classification of the suppliers under MSMED Act, 2006 is made on the basis of information made

, available to the Company. The Company has neither paid any interest in the terms of section 16 of the above said

_ act nor any interest remains unpaid and no payments were made beyond the "appointed date" to such enterprises

, during the year ended 31.03.2024. Amount outstanding to these enterprises to the year ended 31.03.2023 is Rs. Nil (previous year Rs. Nil).

The Company has exercised the option as per the Companies Accounting Standard Rules, 2009. As per the option,_

exchange differences related to long term foreign currency monetary items, so far as they relate to the acquisition of a_

depreciable capital assets, are capitalized and depreciated over the useful life of the assets and in other cases, are_

transferred to Foreign Currency Monetary Item Translation Difference Account and amortized over the balance period_

of such long term assets/liabilities but not beyond accounting period ending on or before 31st March 2011. The_

unamortized balance in this account is Rs. Nil (Previous year Rs. NIL) d Segment Disclosure Primary Segment

We have to segment Agriculture and Processed foods . In Agriculture we produced fresh Mushroom, sale as fresh , chilled . And in process food we sell canned Mushroom ,Frozen Appetizers , we maintianed both segments

The Company had invested in 50% shareholding of Himalya Simplot Private Limited (the "joint venture") which was managed by the JV partner, Simplot India LLC.

. The Company has access to the audited accounts of the joint venture for the financial year ended 31 March2014.

. Audited financial statements for subsequent years have not been made available to the Company.

. Based on information available with the Company that the operations of the joint venture have ceased, the

. Management, as a measure of abundant prudence, made a provision for dimunition in the value of the

investment made in the entity in the financial year ended 31 March 2014.

Consequently accounts of Jointly held entity are not consolidated with the company’s accounts.

The Company as well Simplot India LLC have preferred counter claims against each other.

. Simplot India LLC has invoked arbitration at Singapore which the Company has challenged on grounds of

. . jurisdiction. The Company has been legally advised that the claim of Simplot India LLC is untenable and liable

to be rejected or substantially diluted, and accordingly, no provision is considered necessary. b. The Company has filed case against Simplot India LLC before the Hon’ble Delhi High Court, which has been directed to Delhi High Court arbitration centre.

g_ There are no material prior year items included in the Statement of Profit and Loss, except to the extent

disclosed at the appropriate place in the Notes.

h During the year there is no liablity to pay MAT as there is carried forward business loss.

i Transfer pricing

The Company is of the opinion that its domestic transactions with related parties is at arm's length and in compliance with the transfer pricing legislation. The management believes that the aforesaid legislation will not have any impact on the financial statements, particularly on its tax expense and liability. j Explanatory Note :In the dispute that arose with Erstwhile JV partner Simplot USA in 2013, the Singapore International Arbitration Center ( SIAC) awarded US $ 3.96 mm with further interest @ 5.33% till the date of payment from the date of award to be payable by the Company and in turn the sale of French Fry line and Specialty Potato Lines stands cancelled and has been reverted back to the Company. The Tribunal has directed Simplot to return the Pieces and Penals removed from French Fry & Potato Specialty Lines.

Company Proposes to file an appeal in Singapore Highcourt to Challange the amount awarded. However company has shown the amount in contingent liability and on conclusion of appeal will pass the necessaryentries to add the value of the French Fry & Potato Specialty Lines into assets. k Previous Year Comparatives

Previous year's figures have been regrouped / rearranged where necessary to conform to current year's presentation.

Signatures to Notes 1 to 20