M) Provisions

A provision is recognized when the Company has a present obligation as a result of past event, it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation and a
reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their
present value and are determined based on the best estimate required to settle the obligation at the
reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best
estimates.

N) Borrowing

Borrowing cost includes interest and amortization of ancillary costs incurred in connection with the
arrangement of borrowings. Borrowing costs directly attributable to the acquisition, construction or
production of an asset that necessarily takes a substantial period of time to get ready for its intended use

or sale are capitalized as part of the cost of the respective asset. All other borrowing costs are expensed in
the period they occur.

O) Contingent liability

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed
by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the
Company or a present obligation that is not recognized because it is not probable that an outflow of
resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases
where there is a liability that cannot be recognized because it cannot be measured reliably. The Company
does not recognize a contingent liability but discloses its existence in the financial statements.

1 : The Company has availed sanction from Yes bank, Vashi Branch, Mumbai for
Packing credit ( PSFC, PCFC) / Foreign Bills purchased (FBP) for Rs.2040 Lakhs
(Previous year Rs.1700 Lakhs) secured against Personal Guarantee of the Directors

/ co-obligants and against confirmed export orders, collateral against Equitable mortgage
of office premise, farm plot, Flat at Porbandar, belonging to one of the Director of the
company and office premise in the name of the Company

2 : The Company has taken secured loan from Yes Bank Ltd., against mortgage of
office premises no.54 & 59,Juhu Supreme Shopping centre, Gulmohar Cross Road No.9,

3 : Export Packing Credit - Foreign Currency / INR = Facility sanctioned amount of Rs.
2 crore is secured by fixed Deposit ( 100% Margin ).

Note 26:

I The title deeds of immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee)
are held in the name of the Company.

II The company has not revalued any Property, Plant & Equipment during the F.Y. 2025-26.

VI There are no proceedings initiated or are pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988
and rules made thereunder.

VII The quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts.

VIII Wilful Defaulter:

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority

IX Relationship with Struck off Companies:

The Company does not have any transactions and balances with companies which are struck off under section 248 of
the Companies Act, 2013 or section 560 of Companies Act, 1956

X Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

XI Compliance with number of layers of companies

Where the company has not complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, the name
and CIN of the companies beyond the specified layers and the relationship/extent of holding of the company in such downstream companies shall be disclosed.

XIII Compliance with approved Scheme(s) of Arrangements

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

XIV The Company has not traded or invested in crypto currency or virtual currency during the financial year.

XV The Company is not covered under the provisions of Section 135 of the Companies Act,2013.